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The influence of Harold Hotelling?s work in the field of mineral economics is both unusual and outstanding. In the 66 years since its development, theory surrounding the economics of exhaustible resources has only been significantly researched since the early 1970s. At that time a wave of research into the economics of exhaustible resources arose from the threat of global resource scarcity and continued into the late 1990s. Current East Asian and global demand for natural resources as well as mineral and metal commodities, has stimulated interest in the optimal and sustainable exploitation of exhaustible resources to the point that the subject is worthy of review. Hotelling?s theory and the assumptions that he made in establishing a model for the optimal exploitation of mineral resources at the industry level and at the level of the individual mine owner, are examined. He showed that the rate of increase inexhaustible resource prices should be equivalent to the market rate of interest and that in a market with rising prices the rate of extraction should be constant. In markets where demand is stable optimal exploitation requires that the rate of extraction should decline over time, while in a monopoly market he showed that the rate of extraction is retarded. In addition, the effects of cumulative production on costs and prices, the uncertainty associated with estimates of the resource stock, the impact of exploration and issues of intergenerational equity are examined. An analysis of the optimal price path, extraction costs and mineral rents at an industry level is presented as a model. An analysis of the rates of production and optimal benefits at the individual mine level including total, average and marginal costs on the optimal rate of production, is considered. Optimal extraction rates for a mine with a clearly defined concave positive cost equation vary according to the position on the marginal cost curve. The influence of discount rates and the size of the ore reserves on the rates of mineral extraction are also examined and could define the frontier of usefulness for the ?economics of exhaustible resources?.

Jan 1, 2007

By L. A. Vermeulen

Electronic circuits were developed and successfully utilized to record, store, and continuously transmit to a remote station physical information relating to the impacts of pebbles on the shell liners of an industrial pebble mill, and of electrical conduction in the mineral pulp. The information was obtained by the instrumentation of some of the bolts that are used to clamp the liner blocks and litter bars to the mill shell. The features associated with the impact and conduction signals have been interpreted, and it is shown that such signals can lead to continuous measurements of the volume of the load in an industrial mill. Information is given regarding the angular distribution of direct impacts of the pebbles onto the shell liners, the power required to promote impacts, the amount of material in flight, the impact velocity, and the average number of direct impacts with the shell liner that any given pebble undergoes in unit time in the given mill.

Jan 1, 1984

By M. Rhodes

The Sukari project, which is owned by Centamin Egypt Ltd, is located in southern Egypt, 770 km south of Cairo but close to the Red Sea. The project is the first new gold development in Egypt and was commissioned in the middle of 2009. In 2007, Centamin purchased the CIL plant from the Kori Kollo mine in Bolivia. This plant was originally designed to treat 6.5 Mtpa of oxide ore. The Sukari deposit contains an oxide zone close to surface with a thick zone of mixed oxide and sulphides below this. The sulphides contain relatively coarse pyrite and arsenopyrite with fine <10 µm gold inclusions. Eventually, the sulphide ore will be mined from underground. Metplant Engineering Pty Ltd, a subsidiary of Bateman Engineering Pty Ltd was contracted to design modifications and additions to the Kori Kollo plant to enable it to treat the Sukari ores. The plant was designed to treat the three ore types in stages. Throughput was set to 4 Mtpa, dueto Sukari ore being harder, at a head grade of 1.7 g/t to produce 200 000 oz of gold. The oxide circuit was based on the use of the Kori Kollo plant and the difference with mixed ore was that the oxide circuit would treat flotation tailings rather than ore. This circuit has a leach capacity of 26 000 m3 and residence time of 24 hrs The main feature of the upgraded mixed ore plant was the addition of a flotation circuit to produce a concentrate which would be reground and treated in a separate leach and elution circuit. Ore is crushed in a gyratory crusher and the comminution circuit uses a conventional SABC producing a product with a P80 of 150 microns. The throughput of 580 tph of oxide ore and 500tph of mixed ore was set to match the mills from Kori Kollo, with the addition of the pebble crusher to accommodate the more competent Sukari ore. The flotation circuit comprises a single rougher circuit to maximize recovery. The concentrate is thickened prior to regrinding which is carried out in a tower mill and two SMD mills operating in series. The final product, with a P80 of 12 microns, from the regrind circuit is leached in a CIL circuit with a total capacity of 2 550 m3. Gold is recovered through a conventional pressure Zadra circuit. Tailings from both circuits report to separate tailings thickeners and are pumped to a tailings storage facility. The circuit is designed to maximize the recovery of water. The project lies in one of the driest deserts in the world and a feature of the operation is the use of sea water from the Red Sea. This water is pumped 25 km from the coast.

Jan 1, 2009

Prediction of the performance of explosives In bench mining by C. M. LOWNDS, B.Se. Hons (Rhodes), Ph.D (Cape) (Visitor) Some of the problems encountered in the calculation of the relative weight strength of explosives are discussed, and a realistic model of the behaviour of explosion products in a borehole is proposed. The heat flow from condensed to gaseous products is calculated as a function of time, and the relationship between the pressure and the volume of the product gases is found by a consideration of the compression of the rock between radial cracks. Work done on the burden is assumed to cease when the cracks first appear at the face. Reasonable values of burden and crack velocities are obtained from the model. Calculations of the relative weight strengths of aluminized mixtures of ammonium nitrate and fuel oil show that the increased density resulting from the addition of aluminium is the main advantage to be gained.

Jan 2, 1975

Project evaluation is completed through individual studies covering technical and financial aspects of the mine to market. These studies are completed at various levels of detail depending on where the project evaluation is in the project&apos;s life cycle. The competency of the studies varies in relation to the quality of data, level of the skills employed, control, management and reporting structure. The focus of this paper is managing elements of the study, looking at the cost of opportunity to influence the project, against the value added. Selection of the study manager and study teams is central to getting an integrated project evaluation addressing the correct issues completed on time. Retention of key personnel can reduce rework which, in turn, can reduce time and cost impacts. It is important to have a work breakdown structure at the outset so that the study teams have a common numbering and naming system that will integrate areas, equipment, budgets estimates and accounts. Having set up the evaluation groups and provided training in the study procedures, understanding the scope and schedule are vital elements in producing a project evaluation that addresses the opportunities and the risks of the final project. Arriving at an accurate capital budget requires integration of the research controlled through common systems. Project evaluation process must also address how the project is to be delivered.

Jan 1, 2007

By R. Burger, M. Masukawa

Cato Ridge Alloys (CRA) is a joint venture company between Assmang of South Africa, Mizushima Ferro Alloy Company (MZK) and Sumitomo Corporation from Japan. Negotiations for the formation of the company started in 1992 with the joint venture agreement signed on the 19th September 1996. MZK was to supply the technical know how for the production of Medium and Low Carbon FeMn while Assmang was to manage the day to day activities of the company. Sumitomo Corporation was to act as facilitator between Assmang and MZK and, together with Ore and Metal are responsible for the marketing of the refined products. The conceptual design of the plant started in December 1996 and the first charge of molten high carbon ferromanganese metal was charged on the 19th January 1998. Problems experienced during the initial startup period were addressed resulting in substantial operational improvements. A build-up in the stock of fine metal was addressed through the development of a process to remelt the fine metal, the development of a market for fine metal and the upgrading of the crushing and screening plant to reduce the generation of fine metal. The mass yield from High Carbon Ferromanganese to Refined Ferromanganese was increased through the implementation of statistical process control, changes to the blowing patterns and the development of a sampling device for taking samples during the process. Converter refractory consumption was reduced. This was achieved on the converter by improving the cooling of the converters with the installation of cooling fans and cooling fins. The heating schedule of the converters was changed for improved refractory life. Production schedules were modified to allow cooling of the refractory between low carbon erromanganese charges. Additional changes made to improve operations were: ? Changing from mehanite casting trays to metal fines beds. ? Installation of sonic horns in the baghouse to prevent the bridging of dust. ? Improved welding on the lance tips.

Jan 1, 2004

By J. D. Steenkamp

In 2002 the commissioning of an ilmenite smelter on the North Coast of South Africa was extended by three months due to the failure and subsequent replacement of the magnesia-based refractory lining. The lining failed due to the hydration of magnesia caused by an unexpected source of water. The incident resulted in significant financial losses and a prolonged insurance claim which was settled in 2009. As magnesia-based refractories are used extensively in both ferrous and non-ferrous applications, the authors of the paper want to share the experience gained from this incident with others. The paper reviews the literature available on furnace start-up practices and explains the hydration of magnesia using available sources. The incident is studied in more detail, both technically and economically, and the costs incurred are quantified in terms of the cost of the original lining. The paper concludes with lessons learned and recommendations made for future work. The intention of the paper is to stimulate open debate regarding best practices in preheating of furnaces lined primarily with magnesia. Keywords Commissioning, hydration, start-up, magnesia.

Jan 1, 2011

By A. Montini, M. H. Moys

A technique for the measurement of slurry consistency inside a grinding mil is described. The rate of slurry drainage from a sensing probe mounted through the mil shell is measured and correlated with the percentage solids of the slurry discharging from the mil. The response time of the measurement(obtained on a pilot bal mil) is compared with the response time of the viscosity of the mill discharge. It is shown that the new measurement should allow much tighter control of the mil behaviour, with concomitant savings in the consumption of power and steel.

Jan 1, 1988

By J. G. Ferguson, R. E. Burnton

The nature of the coal and of the roof in No. 3 seam at Coal brook Collieries is such as to preclude the use, during bord and pillar mining, of conventional mining equipment that employs cutting and blasting in its production cycle. Continuous mining machines of the borer type, operating within a mining height range of 1,9-2,3 m, have been successfully employed in No. 3 seam since 1957.The experience gained with this type of equipment, the operational methods adopted, and the results achieved are described. The ventilation method used to eliminate the dust and methane hazards created by this type of equipment is stressed. The limitation on the minimum mining height that can be obtained with the borers in use has lead to the recent introduction of a Rotary Drum type of continuous mining machine. This equipment is capable of operating in areas where the seam width decreases to 1,5m. The production potential of the machine has been proved. The roof conditions created by the cutting action of the Rotary Drum type of miner are not considered satisfactory and a modified drum head profile is to be tried.

By M. Gao

The Zinifex Century Mine employs a large number of Detritor mills for fine and ultra-fine grinding to liberate silica and sphalerite at 80 per cent passing 7.5 microns before final zinc flotation. A joint project between CSIRO Minerals and the Zinifex Century Mine was carried out to evaluate the Detritor mill performance. Plant surveys were conducted around the Detritors in conjunction with laboratory tests. The survey data showed that the Detritors in the ultra-fine milling circuit performed well. They reduced a feed F80 sizing of 46 microns to a product P80 sizing of 7.5 microns at a gross energy consumption of 37.2 kWh/t. Scale-up of ultra-fine milling Detritors was studied using a 0.55 kW laboratory batch unit and a 355 kW full-scale Detritor by processing Century zinc concentrate with 1 mm sand media. The results indicated that the 0.55 kW laboratory mill underestimated the energy consumption of the full-scale Detritor by about 20 per cent for a product P80 of seven microns. The performances of a horizontal IsaMill and a vertical Detritor were compared as ultra-fine milling devices for processing Century zinc concentrate. The experimental data demonstrated that, when using the same grinding media, the energy efficiency of the two mills is similar despite the difference in mill designs. The Detritors used for regrind duty at the Century Mine performed poorly when processing feed at 80 per cent passing 88 micron. The energy consumption was high and the product size distribution was broad with particles above 100 microns in the feed unbroken and particles below ten microns overground. A coarser ceramic media of 3 mm was therefore tested in a laboratory Detritor to process the regrind Detritor feed as an alternative to the 1 mm Colorado sand used at the Century Mine. The ceramic media reduced the energy consumption significantly and produced a narrower product size distribution, which is more desirable for the downstream flotation process.

Jan 1, 2007

By O. Naiker

Xstrata has modified and improved on the solid state reduction of chromite (SRC) process that was pioneered by Showa Denko in Japan and previously used at Xstrata?s Lydenburg plant. The history of pre-reduction is a long one, with the SRC process being the first and only commercially successful one prior to Premus. Krupp developed the chromite direct reduction and the rotary hearth for the pre-reduction of chromite. However, these processes have not been successfully commercialised. The are a number of significant differences between Xstrata?s patented Premus and the original Consolidated Metallurgical Industries (CMI) process. These include, the use of lower cost anthracite fines as the reductant source together with the use of unactivated bentonite as the binding agent. In addition the use of oxygen as an energy source is used in Premus but not in the original CMI process. There was a fundamental change in the operational philosophy of the process in that while the original CMI process aimed to maximize metallization of the pellets, the Premus process seeks to maximize the energy output from the kiln while still achieving the required efficiencies and hence increasing furnace output. Premus is designed to reduce electrical energy consumption, provide high recoveries of metallic oxides, and utilizes low cost reductant and energy sources such as anthracite and oxygen respectively. Due to the fact that Premus is one of the most technologically advanced and competitive processes used today in the production of ferrochrome it was the process selected for Xstrata?s new ferrochrome facility, Project Lion, that is due to be commissioned in the third quarter of 2006 in the Steelpoort Valley in Mpumulanga, South Africa.

Jan 1, 2007

By H. Ruthert

An understanding of wear in systems conveying solids is extremely important from the standpoints of design and economics. The lifetime of any bulk solids-handling system depends on the type of solids present and the operating parameters of the transportation system. The relationship between wear in backfill pipelines on South African gold mines and the transportation system&apos;s operating parameters is well understood. However, the effect of the transported solids on the pipe wear is less well understood, because of an inability to characterize particle sharpness. The sharpness of the particles, together with their size and hardness, is responsible for the aggressivity of particles, or their ability to cause damage and wear. This paper presents a novel method for the characterization of particle sharpness. The results presented rank particles according to the sharpness of their surfaces.

Jan 1, 1993

By S. J. Ramokgopa

The development of the modern State and the growth of capitalism involves a complex process of interaction between cross-cutting structural dimension: first between politics and economics and, second, between market and hierarchy. Central to such developments are political economies of scale. Mineral specialization in the Third World developed within the framework of an international extension on oligopolistic structure of the advanced capitalist economies of Western Europe and North America. Up to the late 1960s, the world mineral and metallurgical industry was closely controlled by a handful of Western mining and industrial groups. To the extent that, foreign control of the mining sector was seen in the Third World producing countries both as the essence of foreign domination and as its major symbol. In some newly industrializing countries, the State took a more direct role in tying the economy and society together. Central to this process was the growth of large-scale finance capital. From early 1959to the mid-1970s, metal consumption in industrial countries expanded well beyond their domestic mineral endowments. And a free access to Third World minerals was a major element of the economic dynamism of these countries throughout that period. With the change in the characteristics of international investment, Africa has become less important as an outlet for capital exports of European countries. Actually, the African continent now receives only a very minor share of direct foreign investments of Western enterprises. International political economy is concerned first of all with the relationship between the economic and political domains across territorial boundaries. Second, attention should be drawn to the role of the State as the focus of decision-making in a system of competitive States, that is in turn, interdependent with a trans-national market economy in which mining and metallurgy are essential activities that affect the politics of the State, and how this in turn, rebounds on the politics of the international system. Understanding the role of the State must go beyond the glib pronouncements on the ?national interest?. How, and whose interest, the ?national interest? is determined, is precisely the problem. This implies a third theoretical problem that must be addressed: the linkage between the domestic and international domains (or levels of analysis), given that political-economic processes clearly cut across the lines of political decision-making constituted by the institutional structures of the State. Situating the State and economic interests within this vast ?state-society? complex that we call the global order will be a crucial problem for any theoretical approach that involves mining and metallurgy.

Jan 1, 2002

By B. Gilbertson

This paper presents a method that enables one to estimate the risk-adjusted discount rate. that should be used In project discounted cash-flow analysis. The risk-adjustment process is carried out via the capital asset pricing model of modern finance theory, in which the appropriate measure of risk is the beta coefficient of the project concerned. The resulting discount rate thus depends on the properties of the project Itself, and not on the nature or cost of the capital of the firm considering the investment.

Jan 1, 1980

By G. Rebel

Owing to the helical construction of the wires and strands in a triangular-strand rope, a torque is generated when the rope is restrained and tensioned. When a rope is suspended vertically, there is a load differential along its length due to the self weight of the rope. This load differential gives rise to an initial torque differential m the rope. Since the rope is constrained only at the conveyance and sheave wheel, the torque along its length must be constant ID order to maintain equilibrium, a variation in lay length occurs so that the lay length at the conveyance end decreases, and the lay length at the sheave end increases, from the manufactured state. The tension-torsion testing of steel-wire ropes is discussed, and it is shown how the results of the tests can be used to predict static in-shaft torsional behaviour. The expected changes in strand lay length in very deep shafts (deeper than 2500 m) are calculated, and the associated problems and of severe changes m lay length on rope endurance and safety are discussed. Examples of current in-service rope distortions such as kinks and corkscrews are shown.

Jan 1, 1996

By T. Groenewald

Potential applications of thiourea In the processing of gold by T. GROENEWALD, Ph.D. (Rand), D.I.C. (Imperial College) (Visitor) The aqueous chemistry of gold(l) that has found practical application is mainly the chemistry of the anionic complexes involving ligands such as cyanide. sulphite, and the halides. The one potential exception is the cationic gold(I)-thiourea ion. While many laboratory studies have been made during the past decade. the application of thiourea in the processing of gold is only now reaching the development stage. While thiourea is relatively inexpensive. recent interest has probably been spurred mainly by the novel technology that could arise out of the cationic properties of the gold-thiourea ion. This review outlines the chemistry of gold and thiourea. and discusses the possible use of thiourea in the processing of gold with respect to dissolution. solvent extraction. ion exchange, electrowinning. electroplating. electroless deposition. electro-etching, and electropolishing.

Jan 6, 1977

By A. Bain

The use of plastics in the coal mining industry is making slow progress whereas these materials could make a greater contribution to safety, to a reduction of working costs and to the higher productivity of mine workers. Possibly the reluctance to experiment with the new material of our age is due to the low profit margin of coal mining. This note has been prepared to present a brief survey of what has been done in the last few years and to mention some of the investigations the author has made and is making in an attempt to develop more use of plastics in the industry. Some of the plastics used on the mines have taken their place in the industry in the same manner that they are used in everyday life while others have been introduced because there has been a need for them. New uses and applications are being developed and these are the ones that are most interesting. The plastic that is specially developed to give the maximum benefit and not the one that is a modification of some other everyday product is the next development in the field. Many manufacturers are keen to promote such investigation but are not aware of the problems the mines wish to solve and therefore it is only through management itself that this development can be carried out. This note deals with plastic material under three headings: (a) Plastic as the superior material, and briefly describes how plastic has replaced a few major items which are better when made from plastic. (b) Plastics of necessity, being a short summary of how plastics had to be introduced because of laws and conditions making it a necessity. (c) Development of new ideas, being briefly some of the ideas being developed overseas and some of the ideas being tried by the author. Plastic items in common use such as in housing, electric cables, laboratory equipment, awnings, nylon bearings, locomotive brake linings, etc. being well known are not discussed. PLASTIC AS THE SUPERIOR MATERIAL Plastic belting underground Following a fire in a belt road in England resulting in the deaths of many workers, and subsequently a fire accompanied by fatalities in a belt road in a mine in this country, a law was introduced which states that only flameproof belting is to be used underground. This ruling forced the mines to use P.V.A. belting as no other was available. This belting has non-inflammable characteristics that are superior to rubber. Due to the high tension on long-distance belts used today the need for stronger belting material called for something better than cotton and the answer to this was nylon. Nylon also has the ability to withstand dry-rot which reduces the life of a belt very quickly.

By T. Steyn, M. Fofana

"One of the most important performance indicators of a dense medium cyclone (DMC) circuit is the Tromp curve, and by extension the separation density and Ecart Probable (Ep) values. The densimetric profiles of DMC product streams have been traditionally acquired using heavy liquid sinkfloat analysis, which has certain disadvantages, such as the associated safety and health risks. More recently, non-toxic media such as lithium hetero-polytungstates (LST) have been used, with the desired densities being achieved by maintaining the solutions at specific temperatures. However, the high costs of these liquids can be prohibitive. The long turnaround time of the sink-float analysis is a further disadvantage for timeous interventions to the operating set-points of the DMC process.The RhoVol technology can generate the density distribution of a batch of particles in a rapid, accurate, repeatable, and safe manner. Additional data of interest, such as particle size and shape, are also measured and reported on a per-particle basis. Furthermore, samples can be sorted into discrete sorting bins based on any of the measured parameters of the particle, making further analyses of the material possible.This technology has applications across all commodities that use the DMC, particularly in the size fractions –25 +8 mm and –8 +3 mm. To date, laboratory results have proved very encouraging – separation densities are within 5% of traditional sink-float results, and the technology is being introduced to diamond DMC plants. IntroductionDense medium separation is a commonly applied beneficiation technique for the density separation of valuable products from crushed ores. The industrial applications of dense medium separation have been summarized and reviewed by various authors (Scott and Napier-Munn, 2000; Bosman, 2014; Napier- Munn, 2018). Dense medium cyclones (DMCs) are widely used in the coal and diamond industries to produce clean coal or to preconcentrate kimberlitic ores, respectively. Cyclone performance (separation density monitoring) techniques are varied. In the mineral industry. Density tracer tests (Napier- Munn, 1985, 2014; Davis, Wood, and Lyman, 1985) without mineral material, are widely used, although their accuracy in predicting operating cut-points becomes limited once mineral material is introduced. More recently, radio frequency tracers have been also used for the determination of cyclone efficiency (Partition Enterprises, 2017)."

Feb 1, 2019

By N. C. Joughin

Potential for the mechanization of stoping in gold mines by N. C. JOUGHIN B.Sc. Eng., Ph.D. (Rand) (Member) The basic requirements for stoping machines are identified first by examination of the mining rates and productivities attained in conventional stoping, and then by examination of a series of problem areas associated with the shape of the reefs, rockbreaking, rockhandling, and the support and design of the machines. Some of the more important machines being developed are described briefly, and their principal features are compared with the basic requirements identified in the first part of the paper. An estimate of the potential demand for the different types of machines is given.

Jan 1, 1976

By L. A. Vermeulen

A simple argument shows that it is impossible for the flight of a rod in contact with a litter bar in a rotary mill to be initiated at that point on the upside of mill rotation when all the forces acting on the rod are in equilibrium. The argument was confirmed experimentally in a study showing that the lift of litter bars is a function of their height, that the rod velocity at the point of departure has a significant radial component, and that the subsequent flight of a rod is along a parabolic trajectory as predicted by elementary mechanics. A quantitative account of the observed effects, which is based on a dynamic theory of the sliding interaction between rods and litter bars, revealed interesting properties of the motions of rods down the surfaces of litter bars when the latter are in uniform circular motion during the rotation of a mill.

Jan 1, 1985