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By Armando M. Lago

This paper reviews the postwar changes that have occurred in the expenditure and financial behavior of mineral corporations, and in particular the relative importance of factors that affect the industry's supply and demand for funds. This quantitative statistical investigation of factors affecting sources and uses of funds of mineral corporations is achieved through the formulation of a simultaneous equation model of sources and uses of funds. After a description of the study sample in Section I, the postwar cyclical and secular financial behavior of mineral corporations is analyzed in detail in Section II. Section III formulates an econometric model of mineral corporate financial behavior which is then estimated and reviewed in Section IV. Section V discusses policy issues regarding depletion allowances, investment tax credits, and industrial organization of the mineral sector. Finally, the optimum financial structure of mining firms is discussed in Section VI, which analyzes the effect of corporate financial structure on the mining corporations' average Cost of capital.

Jan 1, 1969

By William Gleason

"Mining roots run deep in Glenrock, WY, a town that was founded in part, because of the coal mining that began in the late 1800s. But that rich history also now threatens large parts of the town that were built over the top of the mines. Like many towns in the Western United States, mining is a proud part of the historical fabric and heritage of the town, but the legacy issues from past mining activities continue to present challenges to modern-day engineers.In the case of Glenrock, a small town about 40 km (25 miles) east of Casper, it is flooding from a century of water that has accumulated in the down geologic dip of the furthest northeastern extent of 87 ha (217 acres) of mine workings that has made the town susceptible to sinkholes and other issues (Fig. 1).Full commercial coal mining production began in Glenrock in 1887 during the development of the Fremont, Elkhorn and Missouri Valley railway. Due to poor overlying roof rock and continuous flooding within Glenrock, Mines No. 1 and 2 were fully closed in 1909. During its history, an estimated 87 ha (217 acres) were mined with 50 to 60 percent extraction ratio within the eastern town limits through room-and-pillar mining. It is estimated that the mines produced 22 kt/a (25,000 stpy) during their lifetime. A century later, the water pressure built up in the northeastern most portion of the mine has created serious concerns for residents.In 2016, the Wyoming Department of Environmental Quality’s Abandoned Mine Lands Divisions (AML) investigated a number of subsidence events in the town including sinkholes following heavy precipitation. The AML investigations confirmed that most events were related to the previous mining in the area.Mitigation efforts on the mines were done in the 1980s and 1990s, but the problems in the town and in a nearby subdivision persisted, leading the AML to search for alternative solutions."

Nov 1, 2019

By S. D. Thompson

Several discrete-event simulation models have been developed for designing the conveying system capacities of underground coal mines. Most of these models require the use of a step-function approach to mimic the loading process at each conveyor loading point. Over the years, practitioners have generally employed one of three versions of the step-function approach. An important issue is how these three versions compare to each other in terms of simulated capacity requirements for belt conveyors. Another is-sue is how they compare to peak capacity design. This paper addresses these issues by statistically and quantitatively comparing their simulation results. The consequences and problems associated with using each version are also discussed and summarized.

Jan 1, 1997

By J. C. Watts

Monitoring and control of conventional industrial wet grinding circuits is conceptually straightforward. However, since production objectives and operating constraints can vary widely from plant to plant, there is probably no single overall grinding circuit control strategy which is "best" in all cases; in-variably some compromise is necessary between performance desired under ideal conditions and performance achievable in practice. The recent advent of relatively low cost, reliable, high speed small computer systems is revolutionizing daily operations in increasing numbers of metallurgical processing plants. Of special power and capability is a hierarchical computer network like that currently in use at the Pinto Valley Operations of the Cities Service Company. Several satellite processors for key plant areas communicate with a master computer operating under a powerful multitasking real-time operating system. Hardware and software structure is such that downtime on one of the processors -including the master -does not have a major impact on overall system operation. Admittedly, the powerful, core efficient table driven satellite software, which handles process/computer communication, calculation of nonmeasured process variables, and basic Direct Digital Control functions, is difficult to modify. However, important high level process monitoring, report preparation, graphic display, and supervisory control functions -including economic optimization -can be implemented by project engineers at the plant site. Thus, for example, new control strategies can be quickly examined and rapidly evaluated. Such computer monitoring capability also permits use of short duration process pulse tests for approximate dynamic modeling and rapid calculation of controller tuning constants for single loop dominant systems. Following a brief back-ground discussion of the Pinto Valley Project, we present some of the more interesting results and conclusions of our work over the past year.

Jan 1, 1978

By F. Alsobrook

Industrial minerals are receiving increased attention by metals, coal and other companies seeking to diversify and stabilize earnings. Each industrial mineral has a unique set (and sub-sets) of business dynamics, however, and the diversity can present a bewildering maze to the corporate planner. Shrugging off this complexity and relying on serendipity for entry opportunities often results in unsuitable acquisitions. An effective alternative used in exploration can also be applied to strategic planning. By providing focus and direction, this flexible methodology can prevent wasting corporate resources on random pursuits and result in a quicker, more satisfactory achievement of diversification goals.

Jan 1, 1990

By Clark B. Risler

Conveyors constitute a critical artery, essential to the successful operation of most ore processing plants. Technological progress is permitting the recovery of metal from low grade ores which previously could not be worked economically. Significant in this progress are improved material handling techniques highlighted by the frequent and successful application of conveyors. From the standpoint of the plant manager the successful conveyors are those he never hears about. They continue to economically transport the loads applied to them, requiring only routine maintenance attention. When such conveyors are subjected to closer scrutiny you will find that they have been carefully selected and engineered to perform the required function under the anticipated conditions. Among the primary elements in a conveyor drive are the electrical motor and the speed reducer. The selection of these elements can be aided by the systematic consideration of several factors. These factors which focus attention on the critical operating conditions, will be individually evaluated and their effect upon the selection of the electrical drive system and speed reducer analyzed.

Jan 1, 1958

By Christoph Mueller, Grzegorz Tabak

Basing on five years of experience, this paper discusses modern e-drive systems used in underground transport. This covers Energy distribution and cabling principles, inverters and motors as well as auxiliary aggregates. Also an overview of different regimes for battery charging and the energy management and the method of control of the traction are lined out: This means that throttle and brake are not handled separately, but integrated into “longitudinal control” algorithms which assure that a commanded speed is maintained while synchronizing the multi motor systems and taking into account the constraints imposed by e.g. slope grade and battery parameters.

Jun 25, 2023

By R. Bishop, J. Baggett, J. Monsalve, N. Ripepi, A. Soni

Technology plays an ever-increasing role in improving the safety and efficiency of mining operations. Laser scanning and photogrammetry are two useful methods for capturing 3D digital representations of real world objects. While both technologies have been applied to the mining industry in numerous ways, the practical applications in an operating underground limestone mine has been tested for this paper, including for visualization and site characterization. Each technology is capable of creating highly detailed geospatial point clouds, but are all point clouds created equal? This paper presents a comparison of a laser scan and photogrammetry of a limestone pillar and addresses the strengths and limitations of each method for creating digital models of operating underground limestone mines. INTRODUCTION The United States crushed stone business is a ~$14 billion per year industry representing 1,430 companies which operate 3,782 mining operations across the 50 states. In 2017 alone, 1.33 billion tons of crushed stone was produced with 76% used predominately for road construction and repairs, but also for the production of cement, lime, chemical and agricultural uses. Over 70% of domestic crushed stone producers source their material from limestone and dolomite deposits, with currently only 82 mines (2%) operating underground (USGS, 2018). Underground mining requires a different technical skillset, and poses great challenges for production that must be both safe and economical. Therefore, there are many risks that an operation must mitigate in order to produce underground limestone. Some of the challenges in underground limestone mining involve geological hazards that are unique to the rest of the industry. The geologic features such as faults and weaknesses can be difficult to assess in a production environment (NIOSH, 1998). The consequences of failure due to improperly designed underground mining ground support systems, such as from a roof failure, are not only life threatening for the miners themselves, but can easily shut down an entire mining operation.

Jan 1, 2019

The 32nd annual American Hall of Fame Awards Banquet and Fundraiser, sponsored by the Mining Foundation of the Southwest (MFSW), will be held at the JW Marriott Tucson Starr Pass Resort & Spa on Saturday, Dec. 6, 2014. Each year, one living Hall of Fame inductee, up to three Medal of Merit recipients, honorees from mining?s past, and recipients of an Industry Partnership Award and a Special Citation are recognized for their respective contributions to the mining industry. Armine Frederick Ban?eld Jr., past chairman and founder of Mintec, Inc. located in Tucson, AZ, will be honored as the 2014 Hall of Fame Inductee at the awards banquet. Banfield founded Mintec from his Tucson apartment in 1970 and expanded it to a global operation. Under his guidance, Mintec won the 2013 President?s E-Award for Exports ? the highest recognition any United States company may receive for making a significant contribution to the expansion of U.S. exports. Medals of Merit will be awarded to Corale L. and James A. Brierley, founder and principal of Brierley Consultancy LLC; David Nicholas of Call and Nicholas Inc. and Scott M. Shields of Joy Global. The Brierleys are being recognized for their true scientific partnership with parallel achievements in academia and in business development. Nicholas is being recognized as the co-founder of Call & Nicholas and for his noted expertise in mining geotechnical engineering. Shields is being recognized for his innovative work with GPS integration and for playing a key role in laying the foundation for autonomous mines of the future. As representatives of mining heritage, the Hall of Fame will induct Patrick E. Connor, ?Father of Utah Mining,? for pioneering mineral exploration efforts in Utah; Earl Tappan Stannard, president of Kennecott Copper Co., for transforming Kennecott in to one of the largest U.S. copper producers; Arthur Barrette Parsons, mining editor and author, for his book ?The Porphyry Coppers in 1933,? a seminal work detailing the history and technical information regarding major porphyry copper deposits and Ernest R. Dickie, general manager of Bagdad Copper Co., for his foresight in converting the mine from block caving to open pit. The Industry Partnership Award will be presented to Empire Southwest, a third generation family owned dealership for Caterpillar which consistently ranks among the top Caterpillar dealers worldwide. A Special Citation will be presented to employees of Rio-Tinto-Kennecott Bingham Canyon Mine for their speedy recovery from the massive Manefay slope failure in 2013.Early sponsors include Ames Construction, Asarco LLC; Brierley Consultancy LLC; Caterpillar Inc.; Click Automotive Team; Deconcini McDonald Yetwin & Lacy, P.C.; Empire Southwest; Florence Copper Inc.; Freeport-McMoRan Copper & Gold Inc; Independent Mining Consultants Inc.; Joy Global Inc.; Komatsu America Corp.; Liebherr Mining Equipment; Lowell Copper Ltd.; M3 Engineering & Technology; Modular Mining Systems Inc.; MWH Global; Newmont Mining Corp.; Ram Enterprise; Rio Tinto/Kennecott, Sonoran Process Equipment Co.; Southwest Energy LLC and SRK Consulting. MFSW is a nonprofit organization and its mission to promote the value of the industry to our community and profession to ensure its future success. Funds raised from its annual banquet are principally designated to support the foundation?s education program, a partnership with the Lowell Institute for Mineral Research at the University of Arizona.

By R. H. Ring

The Automatic Extraction System (AES) was designed and built under a U.S. Department of Energy Contract by the National Mine Service Company in cooperation with the Lee Engineering Division of Consolidation Coal Company. The Pennsylvania State University, Mining Engineering Section, was contracted as an independent auditor of the AES performance. The AES had a rotating cutter drum like a continuous mining machine; but two hydraulically powered roof supports, four roof-bolting drills, a dust scrubber, a ventilation fan and ducting in the roof supports, semi-automatic control, an extensible chain conveyor, and other innovations led to the distinction "extraction system" as opposed to "miner-bolter" or "continuous mining" machine. After design and assembly, the AES was field tested experimentally in an underground coal mine. The in-mine performance audit was preceded by a computer simulation of the potential production for a later comparison with the actual tonnage mined by the AES. This paper describes the results of an in-mine trial and assesses the production potential of the AES.

Jan 1, 1980

By Robert J. Wright

The purpose of this paper is to propose a classification of uranium deposits that is believed to be well suited to the needs of uranium exploration and resource assessment. By way of background some observations are offered about mineral exploration in general, and uranium in particular. Attention is first given to the we of models in mineral exploration. Some general principles of mineral deposit classification, the basis for model formulation, are then considered. Finally, the uranium classification is presented.

Jan 1, 1979

By Casters B. Foster

The U.S. Department of Energy has undertaken, in a cost sharing partnership with industry and utilities, an extensive coal-oil mixture (COM) combustion program in a number of promising applications. One of these is the injection of COM through tuyeres into a blast furnace in lieu of oil. From work done previously, it has been established that COM can be burned in existing oil, fired facilities. The issues being addressed by the current DOE program are: 1) determination of best available technology to achieve environmentally acceptable operation, and 2) determination of applications for which COM can be utilized economically.

Jan 1, 1978

By İsmail İnce

The purpose of this study is to investigate the index-mechanical properties of igneous rocks by using the electrical resistivity method. Electrical resistivity, index (P-wave velocity, dry density, and porosity), and uniaxial compressive strength values of 48 different igneous rock samples were measured in the laboratory. Simple regression analysis was performed between index-mechanical properties and electrical resistivity values. Strong exponential and logarithmic correlations were found between electrical resistivity and the index-mechanical properties of the igneous rock samples.

Jan 21, 2022

By Joe M. Short

More than eighty years ago, in what we generally consider a more leisurely age, workers and engineers began the construction of the longest railroad tunnel in the world. When completed, the Simplon Tunnel ran more than twelve miles through the alps to connect Switzerland and Italy. Work began in 1898 and the tunnel was completed in 1905. In all it took about seven years to build one of the world's great tunnels. More than seven years ago, in what was hoped to be a rapid and constructive to the deaths of 38 workers in two spectacular tunnel disasters in 1971, the secretary of Labor's Construction Advisory Committee on Safety and Health began in January 1972 a search for an effective standard on tunnel safety. Much hard and useful work has been done, especially by the construction advisory committee' but more than seven years later, we still don't have a tunnel standard. We may speculate that, when the Simplon Tunnel was completed, workers and their bosses assembled to celebrate their achievement and to count their casualities. We have no need to speculate on the lack of achievement up to this time. An so far as I know, the bureaucrats have suffered no casualities except perhaps some unreported cases of ring-around-the-color. The only moral I can draw from all this is thai it is easier to penetrate solid rock than it is to get through bureaucratic fog. We can only hope that OSHA will finally take advantage of the work which was finished years ago and complete the actions necessary to give us a tunnel standard. Having made my point, I could stop my remarks right now; but

Jan 1, 1979

By Brent A. Elliott, J. Richard Kyle

Texas is a major producer of industrial mineral resources required by the state’s ever-growing population that now exceeds 28 million. Texas typically ranks in the top three states for the value of non-fuel mineral production with a total value of $5.2 billion in 2017, accounting for 6.9% of the total US mineral value. Almost 90% of current Texas industrial mineral value comes from the production of cement, crushed stone, industrial sand, and construction sand and gravel. Construction material consumption is focused in the 25 metropolitan areas of the state with populations of > 100,000 residents. Industrial mineral consumption is dominated by the four most populous regions of the state—Houston, Dallas-Fort Worth, San Antonio-New Braunfels, and Austin-Round Rock—with an aggregate population of more than 18 million. More than 11,000 employees work in Texas mining and processing operations. Texas produces more crushed stone than any other state from more than 200 quarries; a similar number of operations produce sand and gravel. Specialty industrial sand production for use as proppants in hydraulic fracturing for enhanced petroleum production serves as an excellent example of how developments in one industry sector can markedly affect another industry; the production of industrial sand in Texas has markedly increased over the past decade, reaching $1.3 billion in 2014. With Texas’ population projected to reach 50 million by 2050, continuing in-state development and production of industrial minerals will be required to supply its residential, commercial, and industrial users. Favorable geology and economic factors provide opportunities for identification and development of new industrial mineral production sites.

By Tyler A. Dawson, Ryan P. Butler, Timothy Gualandri, Jason R. Edberg

"In the early 1920’s, the City of Tulsa, Oklahoma constructed an approximately 8,238-foot long tunnel, the Tiawah Tunnel, through bedrock. Voids behind the concrete tunnel liner were detected via probe drilling in early 2000 as part of an interior visual condition assessment. In 2012 and 2015, conditions along the entire tunnel were efficiently assessed through geophysical investigation using ground penetrating radar (GPR) along the inner tunnel crown and at various select locations within the tunnel. Fifty-seven (57) potential voids, extending up to 19 inches in depth and 12 feet in width, were detected with 1,000 MHz GPR and confirmed through probe drilling with approximately 80% accuracy. GPR proved to be an efficient and reliable technology for void detection behind concrete tunnel lining. This paper highlights the geophysical investigation and how geophysical efforts were combined with other investigation efforts to definitively determine the presence of voids outside of the tunnel lining.INTRODUCTION The city of Tulsa, Oklahoma has a population of about 400,000 people. The original source of water for the city was the Arkansas River. The first pumping operation provided untreated water to homes and businesses in 1904. The residents of Tulsa found this water to be unacceptable due to the high levels of salt and gypsum present. As the city grew, land and storage/treatment facilities were acquired in order to obtain and distribute a more suitable raw water. The raw water needs for the city are currently satisfied by transport and treatment of about 100 million gallons per day (MGD) of water from surface water sources. Water is transported many miles from Spavinaw/Eucha and Oologah lakes to Yahola Lake and the Lynn Lane Reservoir (totaling over 3-billion gallon capacity). From here, the raw water is treated and transported to the various customers (City of Tulsa 2015). The Tulsa Metropolitan Utility Authority (TMUA) is responsible for the operation and maintenance of the raw water transport system."

Jan 1, 2016

By Michael J. Friedel

The scale-dependent hydraulic properties in a fractured porphyry copper oxide deposit are investigated for relevance to in situ leach mine (ISLM) design. In most well field designs, mine operators assume that hydraulic properties represent a continuous spatial function, or continuum. The problem, however, is that the representative elemental volume, the volume over which hydraulic properties are described as a continuum, is a domain (if it exists) that occurs between end members representing varying degrees of heterogeneity. At the Cyprus Cas a Grande mine, transmissivity fluctuations are spatially correlated suggesting that at the scale of ISLM, the hydraulic process is heterogeneous and a typical continuum representation is inappropriate for design. Alternatively, a conditional stochastic approach using the simulated annealing (SA) technique is deemed useful for the imaging of heterogeneous hydraulic properties. Specifically, SA preserves transmissivity extremes and spatial complexity, both necessary for accurate conditioning of a flow simulator. Also, the stochastic continuum approach provides an avenue whereby uncertainty (or risk) may be addressed. Currently, the SA weaknesses are that it is computationally time consuming, and uncertainty may increase when simulating under conditions of statistical isotropy. Recognizing that ISLM exerts a dynamic influence on hydraulic properties with time, the mine design should be reevaluated at intervals throughout the evolution of the leaching process.

Jan 1, 1993

By George R. Huebner

The White Pine Copper Company, subsidiary of Copper Range Company, is located in the Upper Peninsula of Michigan. The offices, plant, and mine are six miles south of Lake Superior in Ontonagon County. Employing 1700 people, White Pine is the largest single industry in the Upper Peninsula. 970 underground employees produce 16, 700, tons of ore daily. From this tonnage 363,400 pounds of refined Lake Copper are produced in various shapes as specified by the customer. The following paper explains the geology of the ore body and briefly outlines present mining methods. It enumerates the reasons for considering longwall mining of a hardrock* ore body and the preliminary investigations leading to the decision to undertake the initial test panel. Selection of the initial test panel location is covered in detail. Equipment choice and reasons for that choice are described as well as selection and training of personnel.

Jan 1, 1964

By Walter P. Hansen

Belt conveyors offer a reliable means and often do the most economical job for providing continuous bulk material transport, whenever the terrain permits their installation. The ore processing, construction and mining industries use belt conveyors to carry all types of material, from small to large tonnages. Most of the conveyors Fluor Mining & Metals, Inc. designs for metallurgical plants are in the in-plant category, of limited length and medium tonnages, and use fabric carcass conveyor belting. Belt widths can range from 24 to 60 inches Generally, the layout and design of these belt conveyors present no unusual problems. However, calculations for belt tension and horsepower, design of materials transfers, and the sizings and layouts of belt pulley stations and their drives are time consuming.

Jan 1, 1979

By Ewan Alexander

"As human beings, we have managed risk since the dawn of the ages and have been adept at doing so. In order to survive, we hunted or gathered. If we did not take enough risk, we died. If we took much risk, we died (Fig. 1). As individuals and tribes, risk had to be optimized to maximize our chances to thrive, as individuals and as tribes.In today’s world, the risks are vastly different, but in order to thrive, these must be managed. And no industry knows this as much as mining. In fact, the International Council of Mining & Metals (ICMM) has proposed the Critical Risk Model (Fig. 2) as a means of identifying critical risk, critical controls and associated performance standards. The ICMM focuses on sustainable development performance in the mining and metals industry. It has 23 members, representing some of the largest mining companies in the world.This approach is going to help the mining industry. But it must be applied effectively, with the acknowledgment that the system alone cannot be effective. We can say this confidently, as even companies known for the strength of their risk and safety management systems continue to experience significant incidents, and, in some cases, catastrophes. Why does that happen when all safety metrics, including injury rate, are pointing in the right direction? In the view of the author, it is only when leadership, culture and systems work in complete harmony that the resilience of an organization to manage its significant risk is at an optimal level. It remains an ongoing leadership challenge to maintain that balance and the optimal mindset in the organization. So how do you maintain that special balance?Let’s start with a basic premise. Leadership, supported by simple effective systems, creates culture which creates outcomes. Everyone going home safely is an outcome, as is cost effective operations, and to achieve those outcomes efficiently, the organization must focus on the inputs. And those inputs include effective leadership, effective systems (for the purposes of this article, risk and health, safety and environment (HSE) systems), good planning, stable operations and competent workers. This article will focus on gaining maximum performance from your risk management system."

Oct 1, 2016