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By B. C. Lewis

When John F. Kennedy made this statement, I am sure he was not thinking about the valuation of limestone reserves. However, it is certainly applicable. The objective of this paper is to demonstrate how the discomfort of thought (i.e., the analytical and methodical process performed by a reputable professional) builds the foundation for an opinion that provides assurance as to the value of a property. In its final form, a valuation is nothing more than an opinion. The credence of that opinion is directly proportional to the knowledge of the appraiser and the efforts and judgment extended in developing said opinion. Presented herein are the methodologies for formulating a defensible opinion. Before detailing the valuation process, an overview of the limestone industry is presented along with some historical parameters relating to the industry. Secondly, the most widely used valuation methodologies and a brief discussion of each are presented. Two case studies are then presented, which review actual valuation studies. The paper concludes with how the valuation process should be published in a report format that is defensible from a legal standpoint, bankable from a financial standpoint, and decipherable from a layman's standpoint.

Jan 1, 1989

By Daniel Lum

The limestone resources of Hawaii are derived chiefly from emerged fringing coral reef and coastal dune deposits of Pleistocene age. These deposits are most abundant on the island of Oahu and other older islands and least abundant on the island of Hawaii, the youngest. Their origin and depositional environment were influenced by glacio-eustatic rising and falling of sea levels during Pleistocene time. Dredged reef limestone deposits from two deep-water harbor projects have provided additional resources. Limestone uses include cement and lime manufacturing, concrete sand and aggregate, mad base material, beach sand replenishment, agricultural lime and golf course construction.

Jan 1, 1982

By Robert E. Barry

For new coal-fired power plants, federal regulations require that emissions of sulfur dioxide be limited to 1.2 pounds for every million BTU'S burned. This is equivalent to coal with a sulfur content of roughly 0.7 percent for Eastern bituminous coals and roughly 0.6 percent for Western sub-bituminous coals. The states and their political subdivisions are free to apply more stringent standards and to develop implementation plans covering existing and new units. Most Western-sub-bituminous coals contain less than 1% sulfur and hence their use, in many cases, will allow a utility to meet the regulations. However, there are problems in using such coals in furnaces designed for Eastern bituminous coals, and furthermore it will take many years to open mines and provide transportation facilities to utilities which are now burning coals with a higher sulfur content. Moreover, pending federal legislation would outlaw strip mining on land to which the federal government owns the mining rights. Those utilities who, for one reason or another, intend to continue burning Eastern bituminous coals with sulfur contents in excess of 1 percent are faced with removing SO2 from the stack gases. The alternative of utilizing coal gasification where the sulfur is removed prior to burning in a power plant is still in the early stages of development. Therefore, a large number of processes are under development for SO2 control.

Jan 1, 1974

By Kumar Vikram

Rich reserve of prime quality limestone in east khasi hills of India and abundant quantity of low-cost fuel (Natural Gas) in Bangladesh made Lafarge Surma cement limited a joint venture company of Lafarge France and Cementos Molins Spain to envisage an integrated cement plant at Chatak District-Sylhet) a bordering town of Bangladesh. Since April 2006 the single flight 17 km Long Belt Conveyor (LBC) built by M/S Larsen & Toubro Ltd. (L&T), ECC Division an engineering and construction company of India, is feeding limestone/shale to the Lafarge Surma cement plant. This engineering marvel was created on a turnkey basis with technology support of M/S Aumund France

Jan 1, 2008

By Ronald D. Hill

The occurrence of acid mine Drainage (AMD) with coal mining has been well documented. (1) Less documentation is available of its association with other types of mining, e.g., copper, gold, zinc, and sulfur. Yet there are many locations in the western states where acid mine drainage is as great a pollution problem as in Appalachia and in some cases, because of the high copper, zinc, and arsenic concentrations, they present an even more difficult problem. Until a few years ago, it was generally believed that the neutralization of acid mine drainage was uneconomical thus, AMD was allowed to discharge freely into our streams. However, the demand for good water finally dictated that the mining industry be included under pollution laws. In 1964 the Commonwealth of Pennsylvania passed a law requiring that all active mine discharges meet a discharge standard of pH 6-9, iron less than 7 mg/1, and the water must have a net alkalinity. Several other states now require active mines to treat AMD. In all but a few cases, lime neutralization, often in conjunction with aeration, has been the treatment method used. The high cost of lime as compared to limestone and the poor quality sludge, (slow settling, large volumes, and low solids content) has stimulated work in the utilization of limestone. This paper reports on the current state-of-the-art of limestone treatment of AMD.

Jan 1, 1970

By J. Bleeck, G. Mahrt

INTRODUCTION Many excellent papers have been written and presented regarding agricultural lime and the subject has been covered extensively in books concerning soil science, fertilizing, limestone, etc. We felt challenged to construct a paper that wouldn’t merely be a repetition of past presentations. Therefore, we chose to begin with factors having the most impact on plant growth realizing that the audience is likely to be relatively unfamiliar with this subject. So, we decided to dig deep into the roots of soil and plant growth science in order to better understand the significant role of limestone in this important area. The soil with the higher plants growing upon it forms an open and dynamic ecosystem in which there is flux of energy and material (heat, light, water, nutrients, mineral and organic matter, organisms). Plants root in the soil and then take up oxygen for root respiration, yielding energy for nutrient uptake, water for turgescence and transpiration and use in photosynthesis and the mineral nutrients needed for the synthesis of organic matter. Above the ground the plant takes in light energy and heat using them in photosynthesis to assimilate atmospheric CO2. Photosynthesis is the basic life process of creation. However, we will look at the root room where soil, water, air, and heat economy and the supply of nutrients determine soil fertility and the important role lime plays here. Location is the primary point to be considered when discussing agriculture (climate and soil); secondly, the dynamic and mobility of the minerals (plant nutrients) in the soil; and thirdly the conversion of organic substances into humus. And then there is a great deal of water involved in the growing process. In order to produce 1 kg of dry plant substance, 300 to 800 kg of water must be pumped through the plant and is then lost by transpiration. Cereals, vegetables, and sugar beets consume between 400 to 500 kg of water during the growing process and long-growing crops, such as alfalfa and clover, can consume 600 to 800 kg of water per kg of finished product. Without water, a plant cannot grow. (Reference 1)

Jan 1, 2006

By R. C. Freas

Limestone is a basic raw material in the production of cement, lime, a wide variety of industrial products, and a significant percentage of the crushed stone produced in the United States annually. It is used in fluxes, glass making, mineral fillers, environmental applications such as flue gas desulphurization and water treatment, soil conditioners, animal feeds, and as a construction aggregate. This presentation provides an overview of limestone distribution in the United States, it’s production, the variety of products produced, and a brief review of the primary uses for limestone.

Jan 1, 2006

By F. A. Renninger

Limestone and dolomite are the most common rock types mined and quarried as industrial minerals in the United States. In 1993 over 720 million tons of limestone and dolomite valued at over 3.1 billion dollars were extracted and consumed throughout the nation. While the greatest volume of this vast production is used as aggregate for construction purposes, few people realize how critical limestone and dolomite are to our food chain and our national goals of clean air and water. Limestone, including dolomite, can truly be called nature's gift to the environment. Without a reliable, economical source of limestone the quality of our environment would be severely comprised and the standard of living of our citizens dramatically reduced.

Jan 1, 1995

By F. E. Kottlowski

Widespread high-calcium limestones in New Mexico region are low -in magnesium, but some units include shale interbeds deleterious for sulfur removal usage. Thick limestones in Mississippian Escabrosa, Lake Valley, and Leadville, Pennsylvanian Madera and Hermosa, Pennsylvanian-Permian Horquilla, Permian Hueco and Capitan, Cretaceous U-Bar, and some Cenozoic travertines are high-calcium units. Significant outcrops are in mountains of southwestern, south-central, central, southeastern and north-central New Mexico, southeastern Arizona, southwestern Colorado, and northwestern Chihuahua. Coal-fired powerplants are mainly in northwestern New Mexico and eastern Arizona, thus transport is mainly by railroad.

Jan 1, 1994

By Frank E. Kottlowski

Widespread high-calcium (HC) limestones in New Mexico and adjoining areas, are low in magnesium, but some units include shale interbeds that would be deleterious for usage in sulfur removal. In southwest New Mexico, southeast Arizona, and adjoining parts of Mexico, limestones in the thick Mississippian Escabrosa, Pennsylvanian-Permian Horquilla, and Cretaceous U-Bar units are HC as are strata in the Mississippian Lake Valley, Pennsylvanian formations, Permian Hueco, and parts of the Permian Capitan Limestone of south-central and southeast New Mexico and west Texas. In north-central and central New Mexico, many limestones in the Pennsylvanian Madera Formation are HC as are some of the Cenozoic travertines. In northwest New Mexico, where the present-day mine-mouth coal- fired power plants occur, there are no HC limestones, but to the north in southwest Colorado some beds of the Mississippian Leadville Limestone and Pennsylvanian Hermosa Formations are HC. HC limestones considered contain at least 95 percent calcium carbonate and less than 3 to 5 percent magnesium carbonate. Limits for other impurities are alumina, 1 percent; silica, 2 percent; sulfur 0.05 percent; phosphorous, 0.02 percent; and iron oxide, about 1 percent. Chemical and physical requirements differ slightly depending upon the ultimate use.

Jan 1, 1995

By J. M. Scharer, Bruce E. Halbert, Pettit. Carol M., Lysane Bolduc

The ratio of neutralization potential (NP) to acid production (AP) ratio is often employed for predicting acidic discharges from waste rock dumps. The available NP was evaluated in laboratory studies of limestone dissolution in simulated acidic mine water. The available neutralization potential strongly depended on the particle size. Using limestone particles of 114" (6.4 mm) or greater, less than 20% of the total neutralization potential was exhausted at the onset of acid conditions. Apparently, the dissolution of limestone became mass transfer limited. Under mass transfer limitations, the rate of pyrite oxidation may exceed the rate of neutralization by buffering minerals. The implications concerning the controls on limestone dissolution were examined using a geochemical predictive model for sulphide mineral oxidation in waste rock. The results have shown that in case of heterogeneous waste rock piles the NP/AP ratio is a reliable indicator for short-tam predictions only. Kinetic data on the depletion rate of the neutralizing minerals and geochemical modelling suggest that waste rock environments with NP/AP ratios as high as 5.0 may turn acidic in the long term.

Jan 1, 2000

By Chin Wei Yang

Linear programming (LP) has proven to be a most effective mechanism for modeling a vast array of practical problems, while the development of LP applications in engineering have been extensive enough to show its advantages and limitations. In this paper: we focus on the properties of the widely-wed linear programming transportation (LPT) model formulated and developed by Koopmans (1) . There have been many models of this type applied especially in the field of energy economics (2-7). Since most of these applications can be linked to the seminal work of Henderson (8), we stall present our discussions based on his work.

Jan 1, 1980

By R. Hogg, T. F. Dumm, L. G. Austin

The applicability of SEM/EDS techniques to particle-by-particle analysis of respirable coal dust is evaluated. It is demonstrated that the correction procedures needed to account for the failure of most EDS systems to detect light elements (especially carbon) become unreliable for particles in the respirable size range (< 10 µm). Other serious limitations arise from x-ray counting errors for coal particles with low but significant mineral content and particle counting errors for liberated mineral matter.

Jan 1, 1991

By J. L. Furtney, C. Fairhurst

"Although global mineral resources are considered to be adequate to meet the needs of a rapidly growing world population, the United States is becoming increasingly dependent on imports. This could have implications for both the economy and national security. The US is a country with a strong tradition of leadership in science and technology. Impressive advances in autonomous underground mining systems reduce the adverse effects of heat and humidity in deep mines and focus renewed attention on ground control. Developments in computing power open opportunities to develop improved understanding of the important role of discontinuities (faults and fracture systems) and more effective design of deep excavations. Establishment of mining R&D Centers at leading US research universities, jointly funded by industry and US federal agencies is recommended as an effective step for the nation to remain an influential partner in world mining. INTRODUCTION. “None of the arts is older than agriculture, but that of metals is no less ancient.. . for no mortal man ever tilled a field without implements. If we remove metals from the service of man, all methods of protecting and sustaining health and more carefully preserving the course of life are done away with.” Agricola (1558)i Homo sapiens, generally acknowledged as the species from which modern Man has evolved, is considered to have originated in Swaziland some 100,000-200,000 years ago. Evidence of use of minerals in that region has been dated to earlier than 40,000 BC.ii Today, a large fraction of the elements of the Periodic Table are derived from minerals, and finding new applications in development of innovative technologies. Agricola’s comments are as applicable today as ever.iii Metals such as copper, tin, lead, iron and aluminum were mined and smelted several thousands of years BC. It was not until the Industrial Revolution, started in the latter half of the 17th Century in Northern England, where coal was available as an energy source, and iron as the basis for fabricating machinery, that dramatic change to society began to occur. Human toil was replaced by far more powerful machines. Rural communities migrated to work in factories in urban areas. Rapid transportation over long distances became possible, leading eventually to the world of today. The change spread to other parts of the world, bringing wealth and power. Although now well established in some regions, the Revolution has still to arrive in many other parts of the world. This can be seen in Figure 1, which shows the relative wealth, or ‘Standard of Living’ as measured by the GDP/capita, of regions around the world. Regions such as North America, Europe, and Australasia iv are seen to have the highest standard. Thanks to today’s global communications systems, regions with relatively low GDP/capita are well aware of ‘how others live’ – and eager to emulate them."

Jan 1, 2018

By Steven A. Atkin, William D. Schrand

Closure plans for open pit mines require the prediction of final pit lake water chemistry. The geochemical models used for water quality predictions make assumptions about the physical and chemical behavior of the water in the lake; however, few pit lakes have been well documented to provide empirical data for model design. The pit lake at the Sleeper Mine has been characterized with regular water chemical analyses and regular, continuous, multi-parameter profiles through the water column. The lake has undergone repeated periods of chemical and thermal stratification, punctuated by rapid turnover events resulting in vertical homogenization within the water column.

Jan 1, 2000

By S. Phillipson

The Mine Safety and Health Administration’s Roof Control Division (RCD) evaluated the use of Shuttle Radar Topography Mission (SRTM) data to identify fracture traces on Earth’s surface. Results were compared to the analysis method employed by RCD for 30 years, which relies on LANDSAT-TM Band 4. SRTM elevation models are expected to provide a direct representation of bedrock surface, while LANDSAT-TM Band 4 represents reflected near-infrared radiation as an indication of moisture content and is only a proxy for possible structures. Three areas in southwestern Pennsylvania were chosen for ground-truthing lineaments derived from both methods, following a series of desktop comparisons in six areas of the contiguous U.S. Field studies that identified numerous instances in which SRTM lineaments corresponded with joints at the projected location, and were oriented within 10° of joint strike, indicating that those SRTM lineaments represented the structural grain of the area. In some cases, lineaments were associated with individual joint zones. Photo-lineaments derived from the existing LANDSAT-TM methodology appear to offer a higher coincidence with expected trends of joints on a regional scale when performing the desktop comparisons, while field observations indicated that SRTM-derived lineaments had a higher association with individual geologic structures in the case study field area. It appears that both methods can identify the structural grain of an area, and that both tend to identify linear segments of valleys where erosion has preferentially occurred along joint zones or other structures.

Jul 1, 2023

By S. E. Phillipson, P. L. Tyrna

Lineament analysis, a remote sensing application, for geological structures, has been criticized, for its reliance on subjective interpretations. The Mine Safety & Health Administration&apos;s Roof Control Division performs lineament analyses with a technique that removes much subjectivity. Study areas are viewed on satellite images with software that allows examination under artificial sun azimuths and elevations. Extraneous lineaments are removed through successive steps of superposition, resulting in selection of the most robust linear features. Field investigations revealed a strong coincidence of joint and. fault zones that were parallel with projected lineaments. The Roof Control Division&apos;s successful identification o f lineaments associated with roof falls and high wall failures has prompted some mine managers to incorporate lineament analysis as a mine-planning tool. The identification of potentially hazardous ground conditions would allow mine operators to obviate safety concerns that might otherwise adversely affect the health and safety of miners.

Jan 1, 2003

By S. E. Phillipson, P. L. Tyrna

Lineament analysis, a remote sensing application for geological structures, has been criticized for reliance on subjective interpretations. The Mine Safety & Health Administration’s Roof Control Division performs lineament analyses with a technique that removes much subjectivity. Study areas are viewed on satellite images with software that allows examination under artificial sun azimuths and elevations. Extraneous lineaments are removed through successive steps of superposition, resulting in selection of the most robust linear features. Field investigations revealed a strong coincidence of joint and fault zones that were parallel with projected lineaments. The Roof Control Division’s successful identification of lineaments associated with roof falls and highwall failures has prompted some mine managers to incorporate lineament analysis as a mine-planning tool. The identification of potentially hazardous ground conditions will allow mine operators to obviate safety concerns that might otherwise adversely affect miner health and safety.

Jan 1, 2002

By M. A. Evanto

Since the late 1970&apos;s, the Roof Control Division (RCD) of MSHA&apos;s Technical Support has been performing linear analyses for the enhancement of miners&apos; safety. This remote sensing process uses Landsat data to predict areas of potentially hazardous ground conditions in underground mines. To date approximately 700 analyses have been completed by the RCD, with nearly 75 being performed with the current equipment, software and methodology which was updated in early 1995. While success is difficult to measure, requests for linear analyses continue to come from large and small mining companies which suggests the industry&apos;s acceptance of the process.

Jan 1, 1998

By D. Nutakor

Rock joint stiffness is not only a poorly known parameter, but also has no established laboratory measurement procedure. This paper presents methods used to determine the normal and shear stiffnesses of healed joints filled with vapor-altered minerals obtained from the Yucca Mountain site in Nevada. Results show that these joints behave linearly up to 85% of their loading history and are stiff with strengths very close to the strength of the intact rock. Factors that might have contributed to the linear behavior of these joints are discussed and areas requiring further investigation are provided. Joint normal stiffness ranges from 7.16 to 64.77 GPa/mm with an average value of 26.93 GPa/mm, while joint shear stiffness averages 11.41 GPa/mm and ranges from 3.09 to 28.41 GPa/mm. Young?s modulus of the vapor-altered joint infilling was calculated from the stiffness of the healed joint. Young?s modulus of the vapor-altered joint filling material averages 7.89 GPa and ranges from 2.15 to 19.43 GPa. Given the pervasive presence of such altered rock, usually in the form of sub-spheroidal 3-D pockets, this property should be of value in any numerical modeling attempting to describe the mechanical behavior of these tuff formations at the level of detail where inclusions might be a factor.

Jan 1, 2008