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By J. Réal Cloutier

[Options are a natural extension of the forward and futures markets as they offer fexible method of hedging exposure. -An organized options market is preferable to the "over the counter forward markets since EGCC (EOE, ME, VSE) assumes responsibility for contract fulfillment minimizing credit risks by guaranteeing transactions. -Options ante considerably more "fexible" than the futures and forward markets, permitting prompt, precise and respected adjustment of one's exposure risk position. -The risk to the buyer of the options market is limited to the initial premium paid.]

Jan 1, 1983

By J. Loeb, R. Ramanathan, P. Cameron

All mining operations, including iron ore, maintain a focus of continuous improvement and asset optimisation in their operations. As all the operations in the Mine-to-Mill value chain are inter-dependent, available technologies that address efficiencies across the value chain are once again in the spotlight as companies are driven to improve productivity and maximise mine site profits to increase return on capital invested. Core to continuous improvement is the need to understand the baseline and the impact of changes to the process. In this paper, we discuss some of the key attributes in the mine to mill process, including their influence on productivity and cost, the need for direct measurement and areas where they should be applied. Many initiatives can be considered to improve mine to mill processes. Mining operations are planned and executed based on designs and models to achieve the operation’s objectives. However, there are many variables in the different parts of the value chain, such as blasting, material handling, crushing and screening. Measurement of the key attributes establishes the baseline for Mine to Mill (or Pit to Plant) performance which is necessary to understand the impact of any proposed improvements to the process design and execution and to monitor the outcomes on an ongoing basis to sustain the improvements that have been implemented. We have focused this paper on two types of measurement – blast movement and particle size of materials through the mine to mill process. Several innovative technologies are already available to measure these attributes and assist operations improve productivity and mine site profits.

Mar 2, 2022

By Krawiec Alfons

The threat of rock bursts along with the danger from methane gas and coal dust explosions belongs to particularly dangerous phenomena in Polish pit-coal mines. This phenomenon results mainly from the physical-mechanical properties of the rock mass as well as the geological-tectonic structure of the Upper Silesian Coal Basin. In the postwar years in Polish coal mining thanks to a multi- directional activity, a decrease of rock bursts and their effects has been noted. For example, the number of rock bursts reported in 1965 amounted to 71 in comparison to only 23 in 1974. The ratio of rock bursts calculated for 100,000 tons of coal extracted from rock bursting strata amounted to 0.08 in 1965; however, in 1974 it amounted to 0.023 /Fig. 1/. These results were obtained in face of a continually growing potential threat from rock bursts caused by the systematic increase of extraction from rock bursting strata, exploitation at gradually greater depths along with the extension of exploitation into deposits enclosed in different types of pillars and other parts of deposits surrounded by workings. Despite the achievements of science and mining practice in this field, this threat has not yet been fully studied and controlled as it should be, As a result, research on preventing rock bursts is being continually widened in Poland. This research has a complex, multi-staged and long-range character. Theory, laboratory and field work in the mines are working on a solution to the problem.

Jan 1, 1976

By R. C. Timberlake

In the past three years there has been a great amount of attention given to phosphates world wide, and in particular to the Florida Phosphate Industry. I would like to relate some of the most recent history of the industry and give you a personal outlook for the future. Phosphate rock has been produced in Florida since its discovery on the Peace River in the 1880's. Through 1976, approximately 720 million ST of rock had been mined from Florida reserves, and it is my opinion that there are at least 1.2 billion tons remaining which are consolidated, accessible and can reasonably be expected to be permitted for mining. Over half the 1.2 billion tons will be deeper, more scattered, leaner and will produce lower grade rock than the Bone Valley of Central Florida has tradition-ally produced. In 1973, '74, '75 and '76 the Florida Phosphate Industry produced 32.6, 34.0, 38.2 and (38.0) (P) million ST of phosphate rock respectively. This rock was produced by ten mining companies, Agrico, Borden, Brewster Phosphates, Gardinier, Grace, IMC, Mobil, Occidental, Swift, and USS Agri-Chem; mines are located -17 in Polk County, one in Hillsborough County and two in Hamilton County, Florida. Phosphate rock is used by local companies in Florida primarily to produce phosphoric acid from which DAP and TSP is manufactured. Florida acid producers use about 15 million STPY in acid plants in Florida, and another 7.5 million STPY is consumed by acid producers in plants on and near the Mississippi River. Somewhat

Jan 1, 1977

By A. A. Davis

The decade of the 70?s saw a series of landmark environmental resource programs enacted by the Congress. Many states followed suit, so that by the end of the decade air quality, water pollution, and the conservation of other natural resources, including minerals, were the subject of a wide-ranging body of laws, policies, regulations, and procedures. Many of the actions required or permitted by this rule-making involved areas for which adequate information and substantial experience were not available. Moreover, goals and objectives were sometimes established which were enormously difficult to achieve technically, or of such formidable expense as to cause concern about their consequences in the marketplace. It is therefore hardly surprising that one product of all this activity has been a mass of litigation. Court dockets are crowded with suits and counter-suits involving both substantive and procedural aspects of environmental protection. Indeed, it is probably fair to say that the volume and range of environmentally-related disputes brought before the courts parallels that generated by the civil rights movement a decade ago. There were also some new dimensions to the environmental movement. For the first time, the national environmental policy act required agencies to prepare environmental impact statements when proposed projects or activities would have substantial impacts on environmental resources. Another requirement of many of the new programs mandated meaningful citizen participation in public decision-making. Here, as elsewhere, the purpose was admirable, but guidelines were vague, and the result often was inaction, polarization, and litigation.

Jan 1, 1986

By Donald R. East

In the planning and design of mill tailing disposal facilities, the chemical and physical nature of the fine­grained material to be disposed of has to be fully understood in order to create an efficient and safe long­term storage facility. Disposal of tailing has become the single most important source of environmental impact for mining projects and the development of many promising ore bodies has been delayed or even stopped due to problems of facility siting and design under pressure of increasingly stringent regulatory require­ments.

Jan 1, 1992

By Brad Hewitt

Since Campbell Mine began processing ore, there has been a gravity gold recovery circuit. From 1947 to 1982, gravity gold was concentrated through the combination of jigs and mercury amalgamation. In 1982, jigs with concentrating table upgrading commenced and was utilized until the end of 1994. As of January of 1995 to the present, Knelson Concentrators in com­bination with concentrating tables have been employed to achieve a refinable product. An evaluation of the justification used for the last change is the focus of this paper.

Jan 1, 1996

By Richard Ladyman, Ken Baxter, G. B. Siddall

The IPS process, developed by Baxter and McAuley, was first applied in Australia in 1984 at Browns Creek in NSW where a small 300kg batch plant was in operation for a number of years. To date a further 14 plants have been installed. While a number of engineering companies have engineered applications of the technology, a majority of the plants constructed to date have been constructed by Como Engineers who have a reference list of 9 installations with batch capacities up to 3.0 t.

Jan 1, 1996

By Tong Deng, Yun Ma

Gold-copper ores have become important gold resources (von Michaelis, 1989), but the gold extraction from such materials posed a challenge due to the detrimental effect of copper species on gold cyanidation. Ammoniacal cyanidation process was rec­ommended (Muir et al., 1989) and practiced (Castello et al., 1992) for gold extraction from the gold ores which contain cop­per at moderate level mostly in form of oxide. This paper pro­vides an example to apply the ammoniacal cyanidation process to processing such a copper bearing gold ore.

Jan 1, 1996

By Lane White

The nature of the new Mining Law in Mexico, how it works and its implications for foreign investors were discussed from a variety of points of view by speakers participating in SME's special programming on Mining in Mexico at its An¬nual Meeting in Albuquerque, NM Feb. 14-17, 1994. Following are summaries of three papers whose primary objective was to give foreign investors some insight into the nature of doing business under the current Mexican Mining Law and its regulations. Lane White, Publisher.

Jan 1, 1994

By Moudgil. B. M.

The amount of hydrophobic materials constituting the mineral froth strongly influences the froth viscosity. Higher truth viscosity, on the other hand, can retard the drainage of physically carried over, hydrophobic particles. In phosphate flotation tests, a direct correlation was observed between froth viscosity and recovery, and an inverse correlation existed between froth viscosity and grade. Phosphate flotation tests in the presence of a silica depressant indicated that higher froth viscosity is an effect rather than a cause for the presence of silica particles in the froth.

Jan 1, 1994

By K. Biswas, P. Tsang, S. S. Peng

A survey was undertaken in late 1993 and early 1994 to gain insight into the current status of pillar-design practice in underground coal mines in the United States. A total of 552 room-and-pillar mines and 75 longwall mines were surveyed to collect general, geological and mine-plan information. The collected information was critically analyzed with special emphasis on the pillar-design criteria adopted in these mines. A safety factor analysis was also carried out for the pillars in the room-and-pillar mines.

Jan 1, 1997

By Jorgen Elbrond, Xiaoli Tang

In this paper we apply continuous-time option pricing theory (Dixit 8 Pindyck 1994) to show how to obtain an optimal investment rule for a mining project which requires sequential in- vestments. The application per se is to some extent very simple. The main purpose of the paper, however, is to draw the attention of mining people to how the option pricing theory may be used to capital investment decisions. This topic in economics is quite new but is attracting a lot of attention.

Jan 1, 1996

By W. W. Roberts

Key elements to the successful excavation and support of the Forest Glen Station and Tunnels for the Washington Area Metropolitan Transit Authority are discussed. Excavations encompassed a twin-vault station; 2339.3 m (7675 feet) of conventional drill and shoot tunnel; and 810.8 m (2660 feet) of mixed faced tunnel. The use of dewatering, boom type continuous miner and shotcrete in the mixed faced tunnel, along with hydraulic drills, bolts, and shotcrete in the rock tunnels and station proved to be effective methods.

Jan 1, 1983

By Stephen Navin, Pablo Ferradas, Carlos Silvestri, Alexander Markov, Jon Kaneshiro

In the high Andes of Peru, two tunnels are being constructed totaling nine kilometers in length at an elevation of over 4,500 meters. The tunnels convey freezing and crystal-clear waters from rainfalls, streams, and lakes for the consumption of Lima. The drill and blast 3-meter wide by 4-meter high tunnels are being driven from both ends through folded and sheared volcanic tuff, andesite, agglomerate,and limestone, where groundwater inflow is high. This paper describes the design geological and groundwater inflow investigations and construction.

Jan 1, 1999

By P. R. Khangoankar, S. Devasahayam

An experimental study of the particle charac¬teristics of the magnesium carbonate crystals formed by the reaction between magnesium chloride and sodium bicarbon¬ate at different temperatures is described. The rate of growth of magnesium carbonate crystals for any constant tempera¬ture is established, and this rate of growth is related to the degree of supersaturation at the given temperature. The activation energy calculated using empirical constants de¬rived from the relationship between the crystal growth rate and supersaturation, is indicative of a surface-reaction mechanism.

Jan 1, 1996

By I. Iwasaki, H. Dho

Two aromatic-type chelating agents, 1,10 phenanthroline (phen) and 8-quinolinol (quip), were tested as specific depressants for magnetite in the cationic silica flotation of magnetic taconite concentrates. Micro and batch flotation tests, along with zeta potential and adsorption measurements, were used. In the presence of a cationic collector, dodecylammonium chloride (DAC), the Fe/phen surface chelate electrostatically repelled DAC, and the magnetite was depressed. The negatively charged Fe(quin)2(OH)2- on the magnetite surface attracted the cationic collector and made magnetite floatable.

Jan 1, 1997

By Corneille S. Ek

Flotation of several copper and lead-zinc ores has been carried out with mercaptobenzothiazole (MBT) as promoter. The results of laboratgory batch flotation tests have been compared with those obtained when using more common collectors like xanthates or dithiophosphates. It generally appears that MBT is an effective collector of all the sulfides, including pyrite, but that high selectivity is rather difficult to attain, except for gangue drop-out. Some kinetic tests have been performed to check the froth production rate by MBT as compared to other collectors.

Jan 1, 1995

By David A. Rice, Scott A. Shuey, William K. Tolley

The U.S. Bureau of Mines (USBM) is developing new dewatering technology to permit the recycling of iron values contained in wet steel plant sludges. In laboratory tests, Q-BOP fume sludge was dewatered to 12% moisture by displacing water with acetone in a plate-and-frame pressure filter. Acetone is reclaimed through distillation at lower cost than conventional thermal drying of the sludge. The projected additional energy requirement for acetone treatment of the sludge, including acetone recovery, is $5 to $7 per dry ton.

Jan 1, 1995

By Jack G. Pippenger

This report focuses on the procedures required to review, prepare specifications, bid, and purchase a fully integrated computer system for utilization by engineering personnel in all phases of mine engineering. The presentation is based on the experiences encountered in 1984 in procuring an engineering computer system at The North American Coal Corporation's Western Divi- sion. A two-phase report detailing the purchasing process and subsequent utilization of the engineering computer system will be given. Special detail is also provided on the final system hardware and software setup.

Jan 1, 1989