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By D. K. Dysinger

Capital resource budgeting is the means by which managers of publicly held companies fulfill their fiduciary responsibility to maximize the wealth of stockholders. Managers maximize shareholder wealth by allocating investment capital to the most productive of competing alternative projects in a manner that maximizes the net present value of the firm's future cash flow. The techniques of cash flow analysis are the primary tools available for selecting a corporate portfolio of projects that meets or exceeds the rate of return expected by shareholders. The reliability of cash flow analysis hinges on the ability of managers to forecast the future values of individual components. The accuracy and reliability of forecasting determine the soundness of capital investment decisions and, ultimately, determine the value of the firm. The present paper will explore tools for forecasting the spot market price of a commodity, silver, to demonstrate the difficulty and uncertainty involved in forecasting the future. The commodity price is only one of a number of components of the cash flow equation. Each component has a unique and uncertain future and must be individually analyzed and forecast to arrive at a robust cash flow model.

Jan 1, 1997

By Malcolm D. Flavel

Much has been said and written about the world's, and particularly the united states of America's, energy crisis. The relative changes between cost components of production have altered because the days of cheap energy have now gone. Decisions that made capital investment reduction attractive to treat large tonnage lower grade ore bodies appear to be no longer valid because average energy costs for comminution that were less than 1 cent per kilowatt hour in 1972, are now more than 3 cents and will shortly become 6 cents according to some projections. Increased capital investment to improve processing energy efficiencies are certainly going to be pursued. Energy today is the largest cost component in the average mineral production facility. It takes more than 12000 kilowatt hours to produce one ton of finished steel and more than 60000 kilowatt hours for each ton of copper and aluminum.

Jan 1, 1980

By Aldin Ardian, Mustafa Kumral, Jagjit Singh

Risk assessment of mining projects is a requirement in the mineral industries. In this process, many risk variables are timedependent, and the only available data are historical time series. Moreover, in the case of a multivariate scenario, conventional forecasting methods fail to capture conditional dependency across the variables, which is important when there is an underlying causal relationship that needs to be modeled for accurate project evaluation. Thus, we investigated the use of copulas to capture the conditional distribution of the factors involved in a mine risk assessment study. We employed a multivariate copula-based time-series approach to model several uncertain variables. The Autoregressive Fractionally Integrated Moving Average - Generalized Autoregressive Conditional Heteroscedasticity (ARFIMA-GARCH) model was used for the conditional mean and copulas were used to model the error distribution, thus capturing the collective variation and dependence pattern across the variables. The method was implemented to model gold prices, copper prices, and the 10-year US Treasury bond yields and to determine the project’s net present value and probability of being economically feasible. The proposed approach can be used for cases where simulation of multivariate time-series is conducted.

Apr 13, 2021

By M. Fig, J. Brune, C. Strebinger, G. Bogin, J. Grubb

"Although it is known that explosive gas zones can form and sustain combustion in a longwall coal mine gob, a complete account of the interaction of the methane flame and gob remains obscure. The goal of this study is to examine the impact of several gob parameters such as packing orientation and void spacing. The impact of ignition location is also detailed. A series of experiments with methane flames were performed in a horizontal cylindrical quartz reactor. The reactor was tested both empty and packed with an obstacle wall consisting of spherical glass beads to investigate the impact of various gob parameters. Results demonstrate that methane burning velocity is sensitive to all parameters investigated, and most sensitive to packing density and ignition location. INTRODUCTION The explosion at the Upper Big Branch Mine in 2010 and several other underground longwall coal mine fires and explosions show that explosive gases can mix with fresh ventilation air creating explosive gas zones (EGZs). Investigative reports of these fires have found that EGZs are able to move from the gob and into the active longwall face, endangering workers and equipment [1]. Currently, researchers at the Colorado School of Mines are using computation fluid dynamics (CFD) modeling to predict the location and movement of EGZs in the gob and along the longwall face [2,3]. It is the goal of this work to validate combustion models [4] that include interactions of the flame and the gob for future incorporation into ongoing CFD modeling of EGZs [2,3]. Throughout the years, there has been significant research investigating how flames interact with obstacles and propagate through porous media [4,5,7-11]. Since there is limited access to the gob in a longwall coal mine (Figure 1), the orientation and size of rocks and void spaces within the gob is unknown. Experiments of a simulated gob have been performed in a large scale flame tube in order to investigate the effect of scale (Figure 2) [4,5]. However, the variation in rock spacing, rock orientation, and void location makes it difficult to determine the impact of each of these parameters on methane flame dynamics. This study aims at gaining a stronger fundamental understanding of gob parameters such as spacing, orientation, and ignition location on methane flame propagation. The results from this study will provide a basis for experimentation in larger explosion vessels and will be used to validate methane combustion models for incorporation into longwall ventilation models of EGZ movement [2,3,4]. BACKGROUND Researchers have been studying flame propagation across obstacles and porous media for many years using various fuels and experimental setups [4,5,7-11]. Experiments have been performed in horizontal chambers with both ends open [7], horizontal chambers that are semi-open [4,11], horizontal chambers with both ends closed [8], and vertical arrangements [9,10]. Due to the variation in experimental setups and methods of characterizing flame dynamics such as flame speed, peak overpressure, or burning velocity it becomes difficult to directly compare results. Flame speed is a property of the mixture and refers to the speed of the unstretched flame front normal to the direction of propagation. This study characterizes the flame by its burning velocity, which is the difference between the flame speed and the speed of the unburned gases just ahead of the flame front. However, some references use the terms flame speed and burning velocity interchangeably. In this study, a semi-open quartz cylindrical reactor was used to determine methane burning velocity, which was used as a basis for comparison to determine the impact of obstacle configuration on methane flame dynamics. The quartz reactor also has the unique ability to allow for flame visualization. These features allow for faster combustion model validation [4]."

Jan 1, 2017

By Marlies Grimmer, Frank Amo Boateng

One of the challenges of mining is the concentration of heavy metals it releases into the environment through a phenomenon called Acid Mine Drainage. Freiberg is no exception due to its long mining activities. The European Union proposes that all rivers and streams must be in a good ecological status by the year 2027 but this would be difficult for large water sources as it would be economically unviable. Consequently, the approach of treating these waters at point sources would be of immense help and hence this column experiment on mine water treatment with carbon sorbents to remove zinc form the Rothschönberger Stolln. For this experiment three resins namely, APTsorb, activated coke, charred fermentation residues (which was produced by the Freiberg University of Mining and Technology) were analyzed through a simple column experiment to determine their sorption capacities. Through their sorption capacity as this experiment seeks to ascertain: we are able to make suggestions scientifically on the best material among the three for the future design of a treatment plant for the RSS. After the experiment whereby a 10 ml peri glass column was used, material A: APTsorb showed the least adsorption capacity (0.01 meq/g) and this could be attributed to the fact that the resin works well under pre-determined parameters such as pH and surface area. Material B: Activated coke showed a better sorption capacity (0.53 meq/g) in comparison to the basis value used for this experiment. Material C: charred fermentation residue which was produced by the University showed the most efficient capacity of (1.69 meq/g). This in comparison with the value used as the basis for this experiment showed that material C (charred fermentation residue) is very efficient for zinc sorption. pH values measured at the effluent of all the experiment were slightly higher than the pH measured in the initiating water.

Feb 1, 2024

By Robert M. Dreyer

The first time that a geologist is confronted with the necessity of evaluating a lateritic ore deposit, he may feel that nothing could be easier. Why should there be any problems in making an economic evaluation of a relatively flat-lying, surficial ore body? After several hundred thousand dollars worth of frustrating work often culminating in a series of non-reproducible data - the evaluator may be a sadder and wiser man. This paper will try to illustrate why the evaluation of lateritic bauxite and nickel deposits is among the most difficult problems confronting an economic geologist - and, more especially, how this problem can be solved. Volumes have been published on descriptive and genetic studies of lateritic ores. Obviously, there is time today only for the briefest description of such an ore body. The laterite is a soil formed under tropical conditions and resulting in the concentration, within the soil zone, of certain tri-valent metals.- especially, aluminum and nickel. The soil zone is divided into two parts: (a) the true soil or lateritic zone and (b) the zone of, partially altered bed rock or saprolite. It is important to remember that, whereas bauxite generally is confined to the laterite zone, nickel deposits occur in both the laterite and

Jan 1, 1977

By J. M. Somers

Methane is a powerful greenhouse gas and the principal component of natural gas. Coal seams often contain significant quantities of methane, and underground coal mines must ensure that methane released into the mine during coal extraction does not build to dangerous levels. This is accomplished in part through the use of large-volume ventilation systems that remove methane from the mine and release it to the atmosphere. Although the methane concentration exhausted is quite low (typically <1 percent), the volume of air that ventilation systems move is so great that they actually constitute the largest source of methane emissions from underground coal mines. Each year underground coal mines throughout the world emit more than 500 billion cubic feet of methane from their ventilation systems. An air pollution control technology, thermal oxidation using a flow-reversal reactor (TFRR), has emerged as a potential solution to ventilation air methane (VAM) emission mitigation. One manufacturer of TFRRs has demonstrated its oxidizer design (the VOCSIDIZER?) at coal mines in the United Kingdom and Australia. These demonstrations tested the technology?s effectiveness at oxidizing low-concentration methane, as well as its ability to tap the excess heat to produce steam for electric power generation. In early 2007, the first U.S. demonstration of this technology began operation at an abandoned mine in West Virginia. The project is designed to prove the technology?s operational robustness, its ability to reliably oxidize methane at concentrations typical of mine exhausts, and its safety. If the technology is employed at active underground coal mines, it offers the potential to mitigate substantial quantities of global methane emissions. This paper discusses global VAM emissions, options for the recovery and utilization of VAM, and existing projects such as WestVAMP in Australia and the ongoing U.S. VAM demonstration project.

Jan 1, 2009

By J. R. Patts, L. D. Patts, S. J. Janisko, T. Barone

"Controlling float coal dust in underground coal mines before dispersal into the general airstream can reduce the risk of mine explosions while potentially achieving a more efficient and effective use of rock dust. A prototype, flooded-bed scrubber was evaluated for float coal dust control in the return of a continuous miner section. The scrubber was installed in line between the ventilation tubing and an exhausting auxiliary fan. Airborne and deposited dust mass measurements were collected over a period of three days at set distances from the fan exhaust to assess the changes in float coal dust levels in the return due to the operation of the scrubber. Mass-based measurements were collected on a per-cut basis and were normalized per foot of advance by the continuous miner. Results show that average float coal dust levels measured under baseline conditions were reduced by over 91% when operating the scrubber. INTRODUCTION In 2012, underground mining in the United States produced over 342 million tons of coal [EIA 2013]. During the cutting, crushing, and transport of this coal, dust is generated and can be entrained in the air ventilating the mine. Title 30 Code of Federal Regulations Part 75.400-1 (30 CFR§ 75.400-1) defines float coal dust as particles of coal that can pass a No. 200 sieve. These coal particles can be carried by the ventilating air into return entries before settling onto mine surfaces [NIOSH 2006]. If this float coal dust becomes re-entrained into the airstream, it can propagate an explosion throughout mine workings [Harris et al. 2010]. Application of rock dust in underground coal mines is required by Federal regulation as a means of preventing the propagation of explosions by float coal dust. In order to meet Title 30 Code of Federal Regulations Part 75.403 (30 CFR § 75.403), 80% incombustible content must be maintained in the composition of dust deposited in mine entries [76 Fed. Reg. 35968 (2011)]. This fraction of incombustible content is increased if elevated levels of methane are present. In order to maintain the required incombustible content, frequent or constant application of rock dust is undertaken by mine operators. Title 30 Code of Federal Regulations Part 75.2 (30 CFR § 75.2) defines the properties of the rock dust that must be used by mine operators."

Jan 1, 2015

By N. Dahmen

The Robbins Mobile miner has been in development for more than ten years. Two machines have been trialed in mining environments. While day to day performance to date has fallen short of the levels anticipated, instantaneous performance has been impressive for given rock conditions and continues to encourage further development. The Pasminco mobile miner has been committed for a 1.8km main decline extension at Broken Hill. M.I.M. Holdings, parent company of Mount Isa Mines, owner of the first mobile miner, are considering a new machine for McArthur River. Robbins, Pasminco, and The Centre for Mining Technology and Construction have, joined forces to accelerate development of .mechanical rock cutting techniques in general, and of the Mobile Miner in particular.

Jan 1, 1995

By P. K. Sollars, M. A. Alspaugh

In May of 1996, Twentymile Coal Co. began Longwall mining in the Foidel Creek Mine&apos;s East Mine District. These Longwall panels are some of the longest in the world (5.48 km/18,000 ft) with very difficult and challenging geometry. The conveyance system is 1,800 mm (72 in) wide, has a 4,500 mtph (5,000 stph) capacity and employs multiple tripper drives. The trippers include traditional powering designs as well as unique regeneration and braking designs. Several components were developed specifically for this application including a mobile tail brake. Control algorithms were carefully developed and tested via computer modeling. A world production record was achieved in the third month of operation and over 1 million tons were mined in June 1997.

Jan 1, 1998

By M. Laliberte

"Gold-mine effluents are often characterized by high concentrations of copper, ammonia and cyanide derivatives (mostly cyanates and thiocyanates). While not acutely toxic to birds, this water can be acutely toxic to fishes and invertebrates. In many jurisdictions, the effluent requires further treatment in order to pass a mandatory requirement to be nonlethal to species like the rainbow trout (Oncorhynchus mykiss) or Daphnia magna. Using actual mine water, it has been demonstrated that aerated moving bed biofilm reactors will biodegrade the ammonia, cyanides, cyanates and thiocyanates, thereby removing the toxicity associated with these components. By removing copper by precipitation the water can be made to pass acute toxicity tests. Tests have demonstrated that the process is stable between 4 and 25°C, with no significant changes in the treated water composition. Once the biomass is acclimatized, the process is resistant to upsets and requires very little inputs except for phosphorus and air. Furthermore, it has been demonstrated that an anoxic reactor can be added downstream of the aerated reactors to remove nitrates if required.IntroductionThis paper will demonstrate that gold-mine effluents, which are toxic to fishes and invertebrates, can be made nontoxic by using a combination of chemical precipitation and biological oxidation.The typical composition of gold-mine effluents will first be described. The applicable legislation will then be introduced, with its requirement that the treated effluent be nontoxic. The toxicity of a typical untreated effluent will then be confirmed, and the sources of the toxicity identified. After that, a number of toxicity reduction treatment methods will be presented, and the selected method will be described.The lab tests that confirmed the efficiency of the treatment method will be presented, with three phases of testing as the understanding of the process gradually improved. Toxicity test results showing that the water is nontoxic after treatment through the temperature range will be presented."

Jan 1, 2015

By C. Sykes, E. Turner, M. Wyart-Remy

This paper follows that of the Milos Conf, 2002 and examines the collection and reporting of SDIs in the industrial minerals industry in Europe. It compares the characteristics of the GRI Reporting Guidelines, with its Metals and Mining Sector Supplement with those of the EU DG Enterprise Scheme, launched in 2001. The particular issue of SME&apos;s and companies which are not publicly traded is examined. The pros and cons of participating in such schemes is a central theme of the paper. The paper concludes that there and many business benefits for these companies in participating and submitting their data. The European Commission Scheme is strongly recommended for companies in the sector which are SME&apos;s and not-publicly traded as well as large firms who are listed on European Stock Exchanges.

Jan 1, 2005

By Charles Kocsis, Pedro Nascimento, W. Patrick Arnott, Samuel J. Taylor

Respirable crystalline silica (RCS) is an inhalation health hazard for mining and industrial work environments and must be monitored. We provide theoretical analysis of real-time measurements for determining RCS mass concentration without the use of filters by using photoacoustic spectroscopy. The suspended dust in the mine air can be continuously sampled by the photoacoustic instrument. A tunable quantum cascade laser is the light source, allowing for determination of interferences such as kaolinite, coal dust, and water vapor. The most useful spectral region is found to be between 11 and 13 μm. Absorption by water vapor, and, to a lesser extent, carbon dioxide, in this spectral region has gaps that allow for quantification of the aforementioned dust species as well as a convenient check on the calibration of the instrument. This work brings photoacoustic measurement of aerosol to the mid infrared range where spectrally dependent light absorption can be used to quantify dust composition and mass concentration.

Jul 31, 2022

By Richard L. Wedertz

Although the physical appearance of excavating equipment doesn&apos;t seem to have radically changed over the past decade, important changes within the products and an innovative attitude on the part of the engineer in his design approach is becoming increasingly evident. The new philosophy is to go beyond simple refinements of existing designs that simply produce a machine which further reduces overall cost per ton or per cubic yard of material moved and to do it more efficiently than ever before. Standard ideas and preconceived notions have been discarded and have given way to providing a design and a machine that is best suited to get the job done. Understanding that the application will not always fit the machine, but, in most cases, the machine should fit or suit the application is a foremost consideration in the engineers&apos; design criteria.

Jan 1, 1973

By H. A. DeMirjian

Oil production rate and ultimate primary recovery from a heavy or viscous oil reservoir is usually limited to a very small fraction of the original oil in place. Typically, normal production rate is in the range of up to 10 barrels per day and expected ultimate cumulative production is up to 10% of in place values. Heavy oil reserves are not all alike. The physical properties of the rock, the liquid hydrocarbons, and depths of the deposits are so different that each reservoir poses a unique enhanced oil recovery problem. In some reservoirs thermal recovery by internal heat generation or external heat injection has been successfully exploited. In other reservoirs, mining the oil bearing formation for oil recovery by surface processing has been practiced. This paper will present an overview of the heavy oil recovery state of the art and discuss the critical factors leading to the decision for selection of a conventional hydrocarbon recovery or mining and extraction processes.

Jan 1, 1978

By Daniel B. Brimhall

The research presented here was initiated to investigate the role of atmospheric oxygen in the leaching of copper waste dumps. The problem of increasing the recovery rate of copper from these dumps is or great importance considering there are by conservative estimate in excess of fifteen billion pounds of copper located in dumps in the western United States. At this time, there is an increased interest in recovering copper from these dumps on a large scale. Large tonnages of low-grade material are being placed on the waste dumps of most copper mining operations in the western United States each day. The size of these dumps ranges from 5.5 million tons at Mineral Park, Arizona, to 4 billion tons at Kennecott&apos;s Utah operation (1). Leach solutions are recycled and contain ferrous and ferric sulfates. Large quantities of dissolved aluminum, magnesium and calcium salts may also be present. To this solution make up water is added to maintain the solution inventory and sulfuric acid is added for pH adjustment. Iron is introduced into the leach solution by the dissolution of the iron-containing sulfide and oxidized minerals present in the ore deposit. In addition to the iron from dump leaching, iron is also introduced during the precipitation process when the pregnant solution is passed over metallic scrap iron if cementation is used to reduce the copper in solution.

Jan 1, 1972

By Phillip E. Butler

Since early 1973, the Pennsylvania Department of Transportation (PennDOT) has been actively engaged in the utilization of coal mine refuse in the design and construction of highway embankments. The Soils and Geological Engineering Division of the Bureau of Materials, Testing and Research has the task of managing the program which includes field investigations, laboratory testing, engineering evaluation, planning, coordination, implementation, construction control, and review of construction performance. The objectives of the utilization program, in removing colliery refuse banks and utilizing the material in construction, are the environmental and aesthetic rehabilitation of those areas in the Anthracite and Bituminous coal fields which have been plagued for such a long time by air and water pollution, and unsightly landscapes; and the economic rehabilitation of those areas occupied by refuse banks by providing usable land which can now be developed as residential, business, or industrial sites.

Jan 1, 1975

By Roger D. Sharpe

The United States Gypsum Company operation at Plaster City, in Imperial County, California, consists of the largest gypsum quarry in the United States, a company-owned, narrow-gauge railroad and wallboard and plaster manufacturing facilities. A variety of gypsum products, including many types of wallboard, construction plasters, portland cement setting agent, and agricultural gypsum are manufactured. Gypsum is quarried from the Miocene age Fish Creek Gypsum. Evaporite minerals were deposited in a clastic-rich sabkha environment along the margin of a small embayment in the Salton Trough. The Salton Trough is a major regional structure that formed by rifting and transform faulting along the Elsinore, San Jacinto, and San Andreas fault zones. Sedimentary basins were formed between tilted fault blocks. The basins were filled by prograding alluvial fans, basin margin sabkha and marine sediments, and deltaic deposits from the Colorado River. Gypsum is exposed in the quarry on rounded hills with 250-300 feet of relief. The evaporites are up to 200 feet thick and average 125 feet in thickness. Anhydrite commonly occurs in the lower part of the evaporites under the crests of hills and beneath thick alluvial cover.

Jan 1, 1995

By A. Korchevisky

Environmental self-monitoring is one of the advanced approaches for industrial sustainability programs. Organization for Economy Cooperation and Development (OECD) defines self-monitoring as ?the system of organizational and technical measures put in place and financed by [the] regulated subject? in order to ensure their compliance with regulatory requirements?1. Self-monitoring is beneficial for industrial operators, communities, and governments. Industrial companies use self-monitoring as a central element of their compliance management that allows them to fulfill their duties, obligations, and to avoid citations. When industries control their emissions and ensure workers are not exposed above the regulated limits, communities are better. It is impossible for an EPA, OSHA, or MSHA inspectors to be close to every emission source or workplace full-time. It is much more effective for industries to self-monitor, under due supervision. Occupational conditions are a very important part of industry and health and safety self-monitoring should be highly prioritized. In this paper we will research the regulatory basis and best practice of occupational self-monitoring. We will show that not only is self-monitoring a vital element of an occupational health & safety management system, but that you need a management system for affective monitoring.

Jan 1, 2012

Due to the ongoing restructuring of the mining industry in central Europe with a continuous decline of the number of large underground mines and collieries, and a simultaneous decline of staff numbers in the remaining mines, the established mine rescue schemes are endangered to collapse. With the end of the mine rehabilitation at Wismut Uranium in 2014, the last remaining major mine rescue teams in Saxony, providing basic mine rescue services for all other mines in the region, will disappear. This will leave a large number of small mines and other underground operations without capable mine rescue support. Since none of these companies is able to set up a complete mines rescue unit on its own, new ways have to be found. Among others, a central mine rescue team for central Germany as well as the assistance by special trained professional fire fighters or mine rescue teams from abroad are discussed. Problems like location of the central rescue team, financing, communication and transport have to be solved. This paper provides an overview over the complexity of the problem as an example for other mining regions worldwide and will discuss national and cross-national strategies.

Feb 23, 2014