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By B. Berhe, R. D. Lawrence, J. Hinzer

"The fortunes of mining companies and their implied value are tied to cycles - both economic and commodity – within which they operate. Hence the determination of appropriate future metal prices is one of the most critical factors faced by mineral valuators especially for advanced projects. Price, and hence revenue, is usually the most sensitive input to the valuation model. Empirical studies of past forecasts show that the success rate for commodity price forecasting is very poor. This paper explores various approaches and comments on their strengths and weaknesses. We conclude that careful evaluation of long-term metal prices is a key element and is hardly a luxury that can be left to simple averages or rules of thumb. INTRODUCTION Discounted Cash Flow (""DCF"") analysis, is well suited for the valuation of advanced mineral development assets, for which there are identified mineral resources and some form of economic assessment (Pre-Feasibility or Feasibility Study). The DCF method is also the most commonly used method for determining value for such assets. It provides a means of relating the magnitude of expected future cash flows from profits (or losses) to the magnitude of the initial cash flow (investment) needed for capital expenditures to purchase or to develop an asset for commercial production. The method proves useful in making investment decisions as it allows for the quantification of the Net Present Value (“NPV”), as well as the Internal Rate of Return (IRR) and Payback Period on initial investment capital. Valuation by its very nature is a forward-looking exercise. The DCF method attempts to estimate the NPV of expected future cash flows, by selecting factors that will likely affect future cash flow based on informed analysis. One of the most critical and sensitive factors is the determination of appropriate future commodity prices. “The variables that have the greatest impact on a DCF evaluation are the reserves, the metal prices, and the discount rate.”1 The determination of future commodity prices for valuation purpose or during M&A negotiations is a hotly contested issue. There are a number of analysts, institutions and specialized commercial data suppliers that provide both short and long-term commodities price forecasts. Also, the use of an aggregated mean for all available forecasts, or consensus forecasted prices for valuation purposes is not uncommon. The methods used in making forecasts for each forecaster may vary and in many cases may not be publically disclosed. Nonetheless, the aggregated mean of all forecasted commodity prices of reputed institutions is usually taken to “represent the market’s view of likely future commodity prices.”"

Jan 1, 2016

By V. Svalbonas, M. Fresko

The present versions of the Welding Codes, such as BS7608, have long been known to be compatible with hand computations of membrane and bending stress, rather than detailed finite element solutions. However, in the last five years, in the mining industry, this incompatibility has been largely ignored, and the code interpretations have been pushed into the realms of ground welds, residual stresses, and even flaw growth. Such techniques have to be recognized as extrapolations not necessarily sanctioned by the original code documents. The safety of such extrapolations, as they are related to grinding mill fatigue design, is investigated herein.

Jan 1, 2002

By P. E. Wingrove

The Kayford, Boone and Nicholas Division of Bethlehem Mines Corporation operates a modern coal preparation plant in Van, West Virginia. Since the start-up of the Van Plant in 1976 until the summer of 1980, the refuse handling system proved to be a costly maintenance problem and a material handling bottleneck. During the 1980 two-week miner's vacation the original system, which included two screw conveyors and a drag conveyor, was replaced by an installation utilizing two Flexowall steep angle belt conveyors. This paper describes the technical and economic analysis that led to the new installation and reviews its first year operating performance. The Van facility is a heavy media plant designed to handle 127 mm x 0 raw metallurgical quality coal from the Powellton seam at a maximum feed rate of 590 TPH (metric tons per hour). Depending on mining conditions, the clean coal recovery rate averages between 50 and 65%. The plant is set up with three types of cleaning circuits. Coarse material (127 mm x 12 mm) is cleaned in heavy media baths. Intermediate size material (12 mm x .5 mm) is cleaned in heavy media cyclones. Fine coal (.5 mm x 0) is cleaned in a hydrocyclone1 froth flotation circuit.

Jan 1, 1981

By Thomas J. Wright

The evaluation and development of the Eastern North Carolina phosphate deposit resulted in one of the world's largest and most modern phosphate mines and fertilizer complexes at an investment in excess of $90,000,000. The resulting ore beneficiation process showed excellent correlation with pilot plant data. A number of variations from current industrial practices were introduced and projected from bench scale tests through pilot plant to production. Principal among these variations were the following: 1) removal of magnesium by classification, 2) simultaneous flotation of coarse and fine phosphate, 3) the use of saponified fatty acid, 4) utilization of filter wash water for deoiling, 5) utilization of a rougher concentrate for acidulation, 6) calcination of flotation concentrates, and 7) elimination of grinding prior to the manufacture of phosphoric acid.

Jan 1, 1971

By Sandeep Kumar Jeripotula, Govinda Raj Mandela, Aruna Manglapady

The main aim of this work is to evaluate whole-body vibration (WBV) of dozer operators based on three sitting postures (i.e., with 15° lean forward inclination posture, vertically erect posture with no inclination, and with 15° lean backward inclination posture) in Indian surface coal mines. A seat pad tri-axial accelerometer was used to collect WBV data from six dozer operators for three different sitting postures. Results showed that except for Dozer-1, 2, 4, and 5 operators during lean forward sitting posture and Dozer-4 operator during vertical erected posture, no other dozer operators have exceeded an exposure limit value (ELV) of 1.15 m/s2 in any of the considered sitting postures. Similarly, the vibration dose value (VDV) based on exposure action value (EAV) of 9.1 m/s1.75 has surpassed for all the dozers. But no dozer operator has exceeded an exposure limit value of 21 m/s1.75. The outcome of the study infers that based on “above health guidance caution zone (HGCZ)” for daily vibration exposure, i.e., A(8) measurements, for the operator sitting in lean backward postures the vibration amplification was reduced by 32.89% less compared with lean forward posture and 16.23% less when compared with vertically erected posture. Similarly, based on VDV(8), the exposure to vibration for the lean backward posture was reduced by 33.34% when compared with lean forward posture and 17.11% less when compared with vertically erected posture. Based on the above observation, it is concluded that lean back inclination with a trunk flexion of 15° is a favorable sitting posture, as it exposes the dozer operators to minimum vibration.

By J. W. Hawkins, K. B. C. Brady, M. W. Smith

The Pennsylvania Department of Environmental Protection (PaDEP) has been issuing surface mining permits since 1984 that authorize remining in areas that will affect preexisting pollutional discharges. These permits require the mine operator to employ best management practices to reduce pollution loading from abandoned mine discharges. A total of 110 completed mining operations with 233 discharges were evaluated to determine the impact to water quality. Overall, acid loading from these discharges was reduced by 7, 200 kg (15, 900 lbs) per day or 61%. Metal loadings were also reduced. For acidity, 49% of discharges improved or were eliminated, 52% showed no significant change and fewer than 1 % got worse. Loading reductions resulted from a combination of reduced concentrations and lower flows.

Jan 1, 2003

By D. Spitty

There are enormous complexities with mine planning and the problem itself presents a huge challenge to the existing mine planners performing this activity. Mine planning optimization supports planners to determine ?What are the best increment excavation sequence and the best material blending combination such that throughput, quality, cost, utilization and Net Present Value (NPV) targets are met?? It is achieved through using an advanced scientific approach that has been specifically adapted to address the mine planning dilemma.

Feb 23, 2014

Sinter mixes of three iron ore types were prepared with a range of water contents in a laboratory investigation. The mean diameter of the granulated mixes and the void fraction of beds of the mixes were determined experimentally. Pressure drop measurements over a range of flow rates were made in a laboratory permeameter with pressure tappings at several depths in the bed. The Ergun equation was applied to the results to determine the shape factor of the granulated mixes. The pressure readings down the bed were used to estimate the local void fraction in the bed using the Ergun equation and the calculated granule shape factors and it was found that there was a decrease in void fraction with depth in the bed. The significance of this and the variation of the shape factor values with the amount of water used for granulation is discussed in relation to the strength of granules of the sinter mixes.

Jan 1, 1984

By Mustapha A. Raji, Alafara A. Baba, Christianah O. Adeyemi, Aishat Y. Abdulkareem, Rafiu B. Bale, Malay K. Ghosh

The increasing demand for pure aluminum and aluminum compounds of industrial quality from kaolinite ore cannot be overemphasized. Nigeria is one of the African countries endowed with abundant solid mineral resources that have not been sufficiently exploited to assist its indigenous industries. A wide array of applications of pure aluminum and its compounds are available, such as paper filling, refractories, adsorbent, catalysis, and paint additives. In this study, the upgrading of a Nigerian biotite-rich kaolinite ore by a hydrometallurgical route was investigated in oxalic acid media. During leaching studies, the effects of parameters including reaction temperature, lixiviant concentration and particle size on the extent of ore dissolution were examined. At optimal conditions (1.0 mol/L C2H2O4, 75 °C), 92.0% of the initial 10 g/L ore was reacted within 120 min. The dissolution curves from the shrinking core model were analyzed and found to conform to the assumption of surface diffusion reaction, and the calculated activation energy of 33.2 kJ/mol supported the proposed model. The unreacted product (~8.0%) analyzed by XRD was found to contain siliceous impurities and could serve as a valuable by-product for certain industries.

By Henk van Muijen

To create a feasible plan to extract marine minerals there are a significant number of factors that must be analyzed. Most of these are known from conventional mining types. The following issues are the most relevant factors that have to be considered for mining a deep sea reserve economically: Sufficient reliable geological, physiographic data to create a proven reserve and mineral resources, Environmental Conditions, Geological & Geotechnical Study, Mining and ancillary equipment selection (design) and suitability, Environmental Conditions, Initial Transportation (seafloor to surface), Locations for stockpiling & processing, Processing, Power requirements, Land (Seafloor) ownership, Government, Economic Climate, Waste Handling, Methods of obtaining information and Post-Mining Activities.

Jan 1, 2008

By Thomas L. Mell

Continuous processing plants handling liquids have achieved a high degree of centralized automatic control. Many chemical plants are operated from one room, with automatic control of the various process flow rates. These plants know from experience that automatic control can produce higher through-put, better uniformity of product, decreased operating costs and reduction of storage capacity, Plants which process materials in the form of bulk solids have not been able to use control to as great an extent, primarily due to the lack of measuring equipment capable of providing the same types of continuous automatic control available with liquid flow meters. This paper will describe a scale for measuring flows of bulk materials on conveyor belts which is particularly adaptable to remote centralized instrumentation and automatic control, and will also describe some typical control applications. Fig. 1 illustrates the basic method of measurement of this scale. A conveyor belt idler is supported on a rigid carriage which in turn is mounted in two anti- friction bearings on the conveyor stringers. The pivoted carriage is prevented from rotating about the pivot shaft by an electric strain gauge load cell connected between the carriage and a cross support. Increasing load on the conveyor belt increases the moment of the carriage frame about the pivot shaft, and proportionally increases the tension in the load cell. The belt speed is measured by a conventional d. c. tachometer generator driven from a pulley, usually on the return belt. The speed signal from the tachometer generator and the load signal from the load cell are combined to produce a signal proportional to the flow rate of material in tons per hour, or lbs. per foot, or equivalent units, It will be important to remember, in considering various control applications, that the flow rate of material on the belt is composed of these two component signals, namely the weight of material and the speed at which it is moving. The feed rate is then indicated and recorded by a self-balancing potentiometer of the type used for measuring temperature by means of thermocouples. These instruments may also be equipped with integrating mechanisms reading the totalized tonnage over a period of time.

Jan 1, 1958

By Ken Takahashi, Yuuich Umeki, Masahiko Arakawa, Dr. Tominaga. Yuusaku

Macroscopic characteristics of a complicated mine ventilation is remarked to build an expert system for mine safety in the Taiheiyo coal mine, Hokkaido, Japan. To gain the characteristics a large number of simulation were performed with varying aerodynamic resistance of the branches with regulator in mine ventilation network. The principal results of the study are as follows, (1) Pressure loss diagram for ventilation network with main and auxiliary fans enables capability of air circulation in the network. (2) H-Q (pressure-quantity) diagram gives capacity of air quantity In a network with main and auxiliary fans. (3) When airflow rate, [] through branch qi is changed by opening/closing regulator set in the branch, air flow rate, [], through branch p can be represented by the empirical formula. [ ] where Api and Qp,o are the constant coefficients. (4) Macroscopic characteristics mentioned above are available to make rules in an expert system for escaping route at emergency.

Jan 1, 1989

By Wenjun Ju, Xiaodong Sun, Jianwei Zheng, Bingding Yi, Zhaorui Ma, Pengfei Jiang, Lingfu Zhu, Yangfa Zheng

The presence of hard roof poses a significant threat to the safety of underground coal mining. In this study, a mechanical model is established for underground stopes to analyze the overburden structure with the advancing of the mining face. It is indicated that the load-bearing arch structure (LBAS) is formed above the stope for roofs with regular hardness, whereas the reversed-basin bearing structure (RBBS) is formed for hard roofs. Compared with the LBAS, the RBBS can induce an additional pressure at the foot of the bearing structure, and this effect becomes less as the distance between the hard roof and stope increases. The ultra-deep borehole hydro-fracturing technique (UHT) is proposed to weaken the hard roof for pressure release, and the associated equipment and procedures are also presented. The UHT is based on horizontal drilling along the axial direction of the roadway in the roof, and then the receding segmented hydraulic fracturing technique is used to achieve the purpose of fracturing (weakening) of the surrounding rocks. Field tests are carried out in 3022 roadway of Daliangwan coal mine in Yulin to assess the developed technique, equipment, and fracturing procedures. To evaluate the fracturing effect, deep borehole stress-meters are installed at different depths of the fractured and un-fractured zones of the roadway, along with hydraulic support pressure sensors placed at the mining face. The results show that compared with the un-fractured zone, the pressure on the wall and pillar sides is lower than that in the fractured zone, and the associated weighting duration and weighting area ratio of the fractured are reduced by 53.23% and 33.59%, respectively. This indicates that the presented UHT can provide a new solution for the prevention and control of mining disasters induced by hard roof failures in underground coal mining.

Nov 2, 2020

By J. L. Carr

On average, one to two fatalities occur every year when a miner is struck or pinned by a continuous mining machine (CMM). Proximity detection systems offer an effective means to prevent these types of injuries and fatalities by sensing the presence of a miner and automatically disabling machine motion. The Mine Safety and Health Administration (MSHA) is expected to finalize a regulation that would require the use of proximity detection systems on all CMMs. Approximately one-fourth of all CMMs in use in the United States are already equipped with such a system. The use of these systems will save lives, not only by automatically preventing accidents but also by acting as a tool for educating miners and reinforcing safe work practices. Researchers at the Office of Mine Safety and Health Research (OMSHR) have conducted a series of field evaluations to quantify the performance of these systems in an underground coal environment. These field evaluations measured the distance at which the warning and stop zones were activated. The technology provided consistent activation of the warning and stop zones under many of the conditions tested. However, some performance inconsistencies were observed which present opportunities to improve the reliability of proximity detection system technology. Some of the notable variables that caused significant changes in performance and should be considered in the design, implementation, and use of proximity detection systems include interaction with the trailing cable, performance changes during tramming, and orientation of the miner-worn component.

Feb 23, 2014

By Rudrajit Mitra, Erik Hulthen, AARTI SORENSEN, TOBIAS HARTMANN, ELISABETH CLAUSEN

There has been an ongoing debate on how to transform engineering education to better prepare students for today’s professional world that is characterized by increasingly complex problems and challenges that engineers are tasked with upon entering the industry. While numerous publications have addressed possibilities of how experiential, problem-based, project-based and active learning can be integrated into the engineering curriculum, there has been little attention on mining engineering with respect to adopting this approach. This paper addresses the possibilities of integrating entrepreneurship education into mining engineering programs in order to foster discussion among academics from mining engineering on how to infuse value-creation experiences across the curriculum on a course, program and departmental level.

Sep 1, 2022

By Jack S. Watson, Rasika Nimkar, Robert M. Counce, BRADLEY BENNETT, Patrick Zhang

This study level process design represents an economically viable method for extracting thorium dioxide and other rare earth elements from monazite ore. This paper incorporates results from the 2019 capstone project from the honors Design Internship in Green Engineering in Chemical and Biomolecular Engineering. In this activity, senior students in Chemical Engineering at the University of Tennessee (UT) focused on the development and study of a process for the recovery of thorium dioxide and P2O5 from monazite. While not mandated, the process offers rare earth oxides as attractive byproducts. The project focused on recovery of byproducts rather than the creation or addition to waste streams. Additionally, (1) the process economics relied heavily on recovery of rare earth byproducts, (2) thoriumhandling portions of the process could be effectively segregated from rare earth and phosphate handling portions of the process, and (3) thorium and uranium content of waste streams should be carefully managed and eliminated where possible.

May 29, 2020

By Alphonce Wikedzi, Mussa D. Budeba, Samwel V. Manyele, Sospeter P. Maganga

The present study provides an overview of the challenges and opportunities in processing complex gold-copper ores. The systematic literature review was conducted using Scopus database and seven-step methodological approach. The study indicates that the major challenges in processing complex gold-copper ores through the conventional cyanidation method include (1) increase in cyanide consumption; (2) increase in cyanide destruction cost; (3) low gold recovery; (4) decrease in adsorption efficiency; (5) decrease in electrowinning efficiency, and (6) difficulties in the measurement of free cyanide concentration in the leaching system. Moreover, the study indicates that several methods have been developed and some have been implemented in the mining industry for processing complex gold-copper ores. This includes ore segregation, pre-aeration, pre-treatment methods (e.g., ammonia), alternative lixiviants (e.g., thiosulfate, thiocyanate, glycine), cyanide destruction methods, and cyanide and copper recovery technologies. The study concluded that using lixiviant mixtures (e.g., cyanide-glycine), pre-treatment with environmentally friendly reagents (e.g., glycine) and the integrated membrane-based process (SuCy process) are new directions in processing complex gold-copper ores. However, more investigations are required to advance these processes to a commercial scale.

Sep 30, 2023

To maintain its brand position in the competitive market of mining equipment, the Volvo Construction Equipment (Volvo CE) engineers were challenged to develop top-performing wheel loaders and articulated haulers even faster than before. To start, this meant reducing prototype test cycles by two-thirds. The final goal? Chopping in half the virtual prototyping time in early design phases. Creating a unified co-simulation solution In this ground-breaking project, the Volvo Construction Equipment design team in Eskilstuna, Sweden, replaced its piecemeal department-by-department process with a single solution based on LMS Imagine.Lab AMESim. With one unified model, they could simulate the behavior of four major vehicle subsystems in wheel loaders and articulated haulers: hydraulics, powertrain, thermal management and the actual driver. Subsystem models exchanged data seamlessly.

Jan 1, 2011

By Qinghua Tian, Zhipeng Xu, Dong Li, Xueyi Guo, Liu Zhu

A possible process for extracting tellurium and antimony from a residue generated in alkaline sulfide leaching of telluriumbearing alkaline skimming slag was proposed. The central composite design was employed to define the optimal leaching conditions for tellurium and antimony extractions from the residue sample. Using a 23 factorial matrix, the best performance for tellurium and antimony extractions (96.36% and 99.64%) were obtained at 175 g L−1 Na2S concentration for 80 °C during 60 min. The notable degree for influencing tellurium and antimony extractions was leaching temperature, Na2S concentration, and leaching time. The analysis of variance results indicated that the regression model was significant and suitable to be used for the optimization of independent variables within the range. The model was validated under optimal operating conditions based on the experimental design results. Antimony and tellurium in the leach liquor were separated and recovered by H2O2 oxidation followed by Na2S-Na2SO3 reduction. 98.93% of antimony was precipitated selectively during H2O2 oxidation, while 95.06% of tellurium was precipitated during Na2S-Na2SO3 reduction. NaSb(OH)6 and elemental tellurium was obtained as the product.

By Paul W. Patton, Christopher Scott Smith

The use of ceramic-in-rubber pulley lagging on bulk material belt conveyors is increasing. Many of the applications have been on pulleys originally installed with rubber lagging. There is a consensus that the fiction characteristics of the ceramic material are significantly better but the factors quoted vary, possibly because the more complex traction mechanism of the dimpled ceramic elements on the belt is not well understood. In this paper we will report and evaluate field data from a number of field installations to provide a study of actual friction characteristics in successful applications for those who desire reliable data for using ceramic-in-rubber lagging in new conveyor designs.

Jan 1, 2004