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By John R. Bogert

The title of this session is "Wall Street Looks at the Mining Industry," and I am going to attempt to answer the question: Shouldn't Mining Stocks Sell at Higher Price Levels? Or, What Does Wall Street See When Looking at the Mining Industry? Well, it sees a capital intensive business, a technical industry, and a growing industry becoming more vertically integrated. But, at the same time, Wall Street sees a cyclical industry, a fragmented industry of erratic earnings, spotty public relations, a feast-or-famine business where the public usually does not differentiate between coal mining or metal mining, and does not appreciate either the risks or the rewards. As a result, mining stocks generally sell at relatively low price learnings ratios in comparison to other industrial groups. This PIE ratio, the current market price of the capital stock divided by annual earnings per share, is probably the most popular index of a stock's value. The average of the price/ earnings ratios of the 30 stocks comprising the Dow Jones Industrial Average is over 14. This diverse group of stocks is widely regarded as being a cross-section and representative of the industrial companies listed on the New York Stock Exchange. However, in comparison to 14, Asarco and Kennecott shares are currently available for about 8 times annual earnings. Even discounting earnings from South America, the stock of these two companies sells at only 10 times earnings. Of course, Peruvian politics is currently preventing Cerro shares from selling above 6 times earnings, and Chilean politics keeps Anaconda shares at a PIE multiple of 7. However, even in better times, these companies rarely sell above 10 times earnings. American Metal Climax and Newmont sell at only 11 times earnings as does Phelps Dodge and St. Joseph Lead. Few mining companies then have what can be considered a high PIE ratio-a figure higher than

Jan 1, 1970

By M. A. Oskouei

Draglines are dominant machines and the most electricity consumers in surface coal mines. With the growing price of energy, environmental concerns, and the high sensitivity of mine profitability to dragline productivity, any improvement in efficiency of draglines can be beneficial for mines. Research has shown that operator skills have a significant impact on energy efficiency of loading machines. This study suggests a method to identify the key parameters that lead to differences in operator energy efficiency (responsible parameters). First, correlation analysis is used to identify parameters that are correlated to energy efficiency. Second, linear regression of a difference matrix is used to determine responsible parameters. Since this method is based on pair-wise comparison of operators, equal number of cycle is required for pairs of operators. Complete case analysis (CCA) is used to handle missing data problems. The final conclusion is made after removing the effect of random sampling and by considering all pairs of operators. Identifying responsible parameters can improve operator training programs. The suggested method is illustrated with a case study using field data.

Feb 23, 2014

Everyone knows the importance of careful handling of explosives. Even so, the point is on occasion all too graphically driven home. Witness the recent blast at a Utah explosives plant that killed five people. Part three of this series on explosives discusses transportation, storage, handling, and destruction. Federal, state, and sometimes local regulations govern the many steps involved in transporting, storing, and handling explosive materials. Regulations minimize personnel exposure to hazardous material and insure that the explosives remain stable and usable.

Jan 9, 1981

By D. W. Carson, R. J. Trembley

Thoron daughter WL&apos;s measured by alpha-spectroscopy and the Kusnetz method are about one-half those of radon daughter WL&apos;s in a uranium mine in Canada.1 A diffusion model can account for the relative concentrations.l Since the Kusnetz technique is most widely used for measuring radon daughter WL&apos;s in uranium mines, a general procedure is derived to extend this method to measurement of WL&apos;s of radon and thoron daughters in air containing their mixtures. Coté P. and Townsend M.G., 1981. A procedure is also suggested for counting radon and thoron daughters by 3-channel [a]-spectroscopy. Errors in WL(Rn) are calculated for standard radon daughter counting procedures when a-decay of both thoron and radon daughters is attributed to radon daughters alone. Providing overall counting times are short, [<]30 min, these errors are generally small. The precision of ß -counting methods is also investigated. A portable 3-channel alpha spectrometer for measurement of radon and thoron daughters in uranium mines or homes is described, Carson D.W., 1979. The computer programs for analyzing the data to give, depending on the mode employed, some or all of the concentrations RaA, RaB, RaC, ThB, ThC and WL of radon and thoron daughters by alpha spectrometric, modified Kusnetz, Rolle and Tsivolglov methods are presented.(l) A commercial apparatus, based on the above prototype, incorporating a microprocessor and built under contract to EMR is now available.(2) A number of personal radiation dosimeters for miners are now being tested in mines. One of these is the CEA dosimeter which uses the track-etch film method, Duport P., Chapuis A.M. and Pradel J., 1979. An apparatus for rapid reading of track-etch films by the spark technique has been described previously, Cross W.G. and Thomasino L., 1970 and Huang V.F., 1975. We have developed such an apparatus for rapid semi-automatic reading of films exposed to radiation from mixtures of radon and thoron daughters in CEA dosimeters. The films used, Kodak LR 115 Type II Strippable, may be stripped rapidly and easily, for counting after irradiation and developing, by use of a special punch and suction technique. The method promises to provide an inexpensive and rapid technique for reading large quantities of personal dosimeter films. However, the present CEA dosimeter has faults in design, leading to a contamination problem. Those films that show contamination cannot be read by automatic means. A commercial apparatus based on the above prototype spark counter and built under contract to EMR is now available.3 1. These computer programs are available on request. 2. Pylon Instruments, Ottawa 3. Bondar Clegg, Co. Ltd., Ottawa. REFERENCES Carson, D.W., 1979, "Canalph-3, a Portable Three-Channel Alpha-Spectrometer for Measuring the Daughter Products of Radon and Thoron", CANMET Division Report MRP/MSL 79-108 (TR). Coté, P. and Townsend, M.G., 1981, "Mixtures of Radon and Thoron Daughters in Underground Atmospheres", Health Physics, Vol. 40, pp 5-16. Cross, W.G. and Thomasino, L., 1970, "Rapid Reading Technique for Nuclear Particles Damage Tracks in Thin Foils", Radiation Effects, Vol. 15, pp 85-89. Duport, P., Chapuis, A.M. and Pradel, J., 1979, "Appareil Individuel pour lu Dosimetrie des Descendants du Radon", Advances in Radiation Protection Monitoring, IAEA Vienna, pp 435-443. Huang, Y.F., 1975, "Determination of Uranium in Minerals using Fission Tracks", M. Sc. Thesis, University of Toronto, 48 pp.

Jan 1, 1981

By Henry A. Russell

During the last ten years Parsons Brinckerhoff has become a leader in the area of tunnel rehabilitation. A significant part of any tunnel rehabilitation program is the control of groundwater infiltration into the structure. This leakage over time, causes deterioration of the structures, and creates numerous operational problems for the tunnel operator. This paper will address current procedures for identification, documentation, and recommendations of repair methods for the control of groundwater infiltration in rail and highway tunnels.

Jan 1, 1993

By C. R. Nailler

Two recently published papers describing the use of psychological tests for selection and placement of coal mine personnel have created considerable interest within the Coal Industry, one paper, published in the April 1957 "Mining Congress Journal," entitled "Personnel Evaluation and Training," discusses the use of tests by the Christopher Coal Company, The second paper, published in the "West -Virginia Coal Mining Institute&apos;s 1957 Report" and in the September 1957 "Coal Age," entitled "Testing to Select Better Personnel for Coal Mining Today," outlines Hanna Coal Company&apos;s test and selection procedures. Since these rather detailed sources are readily available, and to avoid repetition of the material in them, we will confine this paper to a very brief review of the essential steps already taken by these companies and a more extensive look at newer material. Briefly, the Personnel Managers, Mr. Harold L, Durrett and Mr. Albert M,. Rowe, of the Hanna Coal Company and Christopher Coal Company, in conjunction with Dr. Quin F, Curtis, Head of the Psychology Department of West Virginia University, developed two different groups oftests for coal mine personnel, The first group oftests was designed to assist in the selection of supervisors. These tests of the supervisory group were "The California Short Form Test of Mental Maturity - Advanced Series," which gave an I.Q. rating, and the second test is known as "The Minnesota Multiphasic Personality Inventory," which measures several personality characteristics, These tests must be given, grade, and interpreted by a person trained in psychological testing. As a result of testing all of Christopher&apos;s supervisory employees (seventy in number) by this method, and then comparing the individual results with the individual ratings of the foremen on the job, a so-called foremen&apos;s scale was developed. If this resulting foremen&apos;s scale had been used to select the foremen who were rated as, the best men in on-the-job performance, it would have correctly identified seventy-four percent of that group.

Jan 1, 1958

By John S. Livermore

I feel very privileged to be added to the distinguished group that has received this award since the first recipient, Reno Sales, received it in 1954. If my research is correct, the last geologist to be honored was Bill Callahan in 1982. Perhaps the Awards Committee decided it was about time to select a geologist, and I became the beneficiary. Regarding the discovery of the Carlin ore body, it was the culmination of several studies - one going back as far as 1939 when a US Bureau of Mines engineer named W.O. Vanderberg recognized an unusual type of gold mineralization in sediments in northern Nevada. What was unusual was the fact that the gold was so fine that it would not concentrate in a pan. This, plus the study of the Roberts Mountain thrust by Ralph Roberts (1960) and conversations with Harry Bishop, manager of the Gold Acres Mine, pointed Alan Coope and me in the direction of the Lynn Window and, eventually, the Carlin discovery. There has been a great deal written about this discovery. I thought it would be interesting to discuss the evolution of Carlin gold exploration in Nevada since this time and to discuss the changes in perception of this unique type of mineralization. The method used by Coope and me in following up on Roberts&apos; work was to map geologically the Roberts Mountain thrust and conduct geochemical sampling of favorable outcrops and float. Coope was highly experienced in geochemical exploration, as he had graduated from the Royal School of Mines in London, studying under John S. Webb, one of the pioneers of geochemistry as applied to mineral exploration. We first considered using pathfinder elements, but finally concentrated on gold analyses alone, even though the sensitivity of fire assays used at that time was only about one-half part per million. According to the spatial relationship of the mineralization to the Roberts Mountain thrust, as pointed out by Roberts (1960), we were looking for mineralization within the thrust itself. Our models were the known Gold Acres and Getchell mines, which contained reserves on the order of 0.9 to 1.8 mt (1 to 2 million st). These were not of substantial size, but I had hoped we might find more than one of these tributary to a mill that would justify an operation for our employer, Newmont Mining Corp. What we ended up with was the type of deposit we were looking for - an open pit deposit of micron gold, which the old timers had missed because the gold was not capable of being panned. But never in our wildest dreams did we think there was a chance of finding a body containing 10 mt (11 million st) of ore at 0.30 oz/st (10.3 g/t).The deposit was not in the thrust proper but was found in a favorable horizon of Roberts Mountain siltstone that was below the thrust. This is the first example of how a model should not be followed blindly. Newmont was successful in keeping this discovery quiet for some time. After a considerable amount of drilling, a rumor circulated that they had discovered a large low-grade ore body of around 1.7 to 2.1 g/t (0.05 to 0.06 oz/st), which of course would not have been economic with gold at $1.13/g ($35/oz), which was the fixed price at that time. The company, for obvious reasons, did not discourage the rumor. When, however, the true results came out there was a lot of feverish activity. Because of this new type of so-called "invisible gold," which could have been missed by the old timers, the thought was that other deposits would be discovered very soon. The Carlin and other smaller deposits, including Bootstrap, Blue Star and Gold Quarry, were in windows where the lower plate of the Roberts Mountain formation (below the thrust) had been exposed by erosion. This then became the new

Jan 1, 1997

By Sai Phaninder Reddy Chaganti, Corrina D. Beaven

This study investigates the effect of reagent type, dosage, and pH on flotation kinetics and copper recovery for secondary sulfide ore with elevated clay content. The primary objective was to determine whether Xanthate performs comparably to or better than the currently used primary collector, Thiophosphate. Approximately 80 kg of ore was collected from three blast holes and systematically prepared through drying, crushing, grinding, and flotation testing. Grinding tests were conducted to establish optimal grinding time and lime consumption for pH control, achieving a target particle size distribution in 13 minutes and 30 seconds. Elemental and mineralogical analyses using X-ray Fluorescence (XRF) and X-ray Diffraction (XRD) identified a copper content of 0.36% and significant clay presence, affecting flotation performance. Fifteen flotation tests were performed under controlled conditions, with variations in reagent dosages. Control tests confirmed reproducibility, with recoveries around 80–82%. Increasing the pH did not improve kinetics or recovery, making higher pH adjustments economically unjustifiable. Adjusting the Thiophosphate dosage yielded the best recovery of 83%. Xanthate collectors, tested both as tertiary additives and as replacements for Thiophosphate, delivered comparable or superior recoveries—up to 91.5% in plant tests—and demonstrated faster flotation kinetics, even under high-clay conditions. These findings highlight Xanthate’s reduced sensitivity to clay, potential for lower dosage requirements, and operational benefits such as improved selectivity and circuit efficiency, validating its role as a cost-effective and alternative for processing complex sulfide ores.

Feb 22, 2026

By John W. Reddy

The C&NW Ore Dock at Escanaba, Michigan, is a major terminal on Lake Michigan for iron ore pellets arriving from the Marquette Iron Range located 112 km (70 miles) to the north. In an average year, the terminal handles in excess of 8 000 000 Mg (LT) of iron ore pellets consigned to a number of major steel companies. It is important to the steel companies for both cost control and operating efficiency that each cargo be sampled as accurately as possible in order to determine the physical and chemical properties of the pellets. This paper describes the equipment and operating procedures of the sampling facility and Presents some sampling data.

Jan 1, 1985

By J. C. Irvine

Meramec Mining Company, a joint venture by Bethlehem Steel Corporation and St. Joe Minerals Corporation, is engaged in the mining, concentrating, and pelletizing of iron ore from the Pea Ridge Mine located near Sullivan, Missouri, about 70 miles southwest of St. Louis. The orebody was delineated in the mid-1950&apos;s by St. Joe during an exploration program to discover new lead orebodies. An airborne magnetometer survey which was run by the U. S. Geological Survey, the Missouri Geological Survey, and several min¬ing companies was published in 1950 and showed an anomaly in the Pea Ridge area. Test holes drilled in 1953 and 1954 revealed the presence of a large orebody of probable commercial significance; additional drilling in 1956 and 1957 provided confirmation of this. Meramec Mining Company was incorporated in 1957 and shaft sinking began in the latter part of that year. The Pea Ridge orebody lies under about 1300 feet of sediments. It is tabular, about 2600 feet long and up to 600 feet thick, and lies in an approximate east-west delineation. The orebody dips about 800S and is of unknown depth. The ore is primarily high grade magnetite with smaller zones of specular hematite, The Pre-cambrian wall rock is rhyolite porphyry. The mine is serviced through two concrete-lined shafts, 19 feet 1 inch in diameter and 2500 feet deep. No. 1 shaft, equipped with an "A" type head-

Jan 1, 1972

By J. S. Long

A finite-difference model using a digital computer was constructed to assist in the water management of a proposed oil-shale mining operation in the Piceance Basin in Colorado. The presence of ground water is both a detriment and a benefit for development of the resource. On one hand, dewatering is required because permeable zones are present in and above the oil-shale sequence, and rich oil shale at the proposed mine is as much as 457 m (1500 ft) below the water table. On the other hand, ground water is the most feasible source of water for processing the oil shale. A ground- water model was constructed to simulate the development of an environmentally acceptable water-management system that will satisfy both the mine-dewatering requirements and the water-supply requirements for processing. The ground-water model discussed in this chapter was constructed for the Rio Blanco Oil Shale Co. (RBOSC) by International Engineering Co., Inc., a subsidiary of Morrison-Knudsen Co. The model was applied to evaluate dewatering and water control systems for several open-pit mining plans initially investigated to develop Federal Lease Tract C-a. A collateral application of the model analyses was to project effects of the proposed dewatering operation on the regional ground-water regime in connection with a permit acquisition program by RBOSC. Subsequently, RBOSC has completely changed its mine development plan and has adopted modeling and related techniques more suitable for study of that plan and dewatering operation. The authors of this chapter are solely responsible for the contents and conclusions.

Jan 1, 1979

By N. T. Rempe

The underground voids that result from mining provide opportunities for deep geologic waste disposal (DGWD). Such disposal could solve many environmental problems. DGWD takes careful planning, technology transfer and true partnership between waste generators and mine/repository operators. The US government is now planning on using specially mined excavations to dispose of radiotoxic and mixed waste. Using the experience gained from the domestic projects that are now in preparation and from foreign repositories that are now in operation, US mines can claim their rightful share of the growing market for DGWD.

Jan 1, 1998

By Heinz C. Dittmar

The phenomenon of radioactivity has been known since the turn of the last century. Scientists of many nations, intrigued by the strange effects of radioactivity, have engaged in research to probe the heretofore presumed, but largely unknown world of atomic structures and subatomic- particles. A theory evolved of splitting the atom, thus providing insight into the structure of matter and opening the way to possibly create new materials. Many years of effort culminated in the first chain reaction in 1942. The beginning of the atomic age was drastically demonstrated by the flash of the large scale chain reaction of the first atom bomb. It was actual proof of the incredible energies contained in matter.

Jan 1, 1966

By Stavros A. Argyropoulos

The strides that have been made in recent years in applying Artificial Intelligence to pyrometallurgy, are reviewed. The computer reproduction of the way in which a human being reasons and calls on past experience and stored knowledge when faced with problem will be extremely helpful in pyrometallurgy. It is expected that Artificial Intelligence will be applied in all areas of human endeavor. Areas of pyrometallurgy that are most promising for expansion into A1 in the near future are presented.

Jan 1, 1990

By Fernando A. Concha

There is confusion in naming the several models developed in Mineral Processing. We often hear of empirical, first principle, mechanistic and phenomenological models. The objective of this paper is to clarify and distinguish between these models, based on a philosophical and linguistic analysis. A state of the art review for mathematical modeling in Mineral Processing is also made.

Jan 1, 1995

By Prasad Kummarapurugu, Maija Teijonsalo, Sirkka-Liisa Jamsa-Jounela

There has been a significant progress in the use of mathematical modeling and simulation in the minerals industry in the last decade. Process models have moved from academic world to important industrial tools. This paper reviews the status of mineral processing simulators and recent progress in simulator development and applications is discussed. The simulation for process design and optimisation is now an established technique, as evidenced by its increasing use of practising engineers through commercially available simulator software. The paper presents a systematic approach to the process study procedure for the control system development, clarified by practical case examples calculated by SimCon - a novel steady-state simulator for mineral processes. Examples of the application of SimCon in drawing flowsheets, calculating mass balances and making simulations for grinding and flotation processes are presented. At the end of the paper, the state-of-the-art and the future of computer-aided pro- cess study at mineral processing plants is discussed. Keywords: Simulators, modelling, object oriented programming, computer aided control system design

Jan 1, 1996

By F. Mielli

Over the last three years there has been an increase in mining congress and conferences focusing on water management. Water in mining is a key concern for mine managers and operations, and we are now seeing this operational dilemma escalated to the level it deserves. According to Frost & Sullivan research, mining water and wastewater treatment and its related technologies will be a U$3.6 Billion global market in 2016, which translates the importance of this issue. Looking at the current mining trends, some factors increased the importance of water in mining operations, including: ? Future mining investments will be located in geographical locations where water is scarce (water stressed areas) ? A decline in grade will increase the intensity of mineral processes and therefore increase the use of the water ? Increased sustainability and regulations will extend the control/monitoring of water during the entire mine life cycle representation of the mine water flow system. A water balance has several benefits/objectives in a mine operation: ? Mine planning/simulation of mining scenarios/climate change Production optimization ? Minimizing strategic and operational risks ? Social license to operate ? Water-smart mine planning ? Target: water neutral mines ? Benchmarking within and between sites ? Sharing knowledge/technology transfer ? Reporting/communications ? Permitting/Compliance

Feb 23, 2014

By C. E. Semler

A 5 year test program, involving on-line, in-vessel exposures at Barrick Goldstrike Mines. Inc. has provided valuable information and experience about the materials and designs for brickwork linings in pressure oxidation autoclaves. A variety of brick and mortar products have been evaluated. Properties before and after exposure are used to document the performance. Benefits have included the development of a new silicate mortar improved understanding of brick requirements and increased autoclave operating time between maintenance shut-downs. More improvements are expected in the future based on further information from the test program.

Jan 1, 1997

By Stefano Colombelli, Nicola Bona, Gabriele Eccher, Luca Schiavinato, Paolo Cucino, Domenico Nave

"BIM technologies provide tools and processes to effectively support the entire life of an infrastructure, from strategic planning to maintenance. As a consequence, infrastructure design processes currently make frequent use of BIM tools. This paper describes the BIM oriented design of the underground railway extension in the metropolitan area of Catania. The paper highlights the design process and the chosen BIM tools considering the boundary conditions characterizing the project, i.e. basic information missing in the final design project, need of coordination between different design disciplines and designer companies, and, finally, need for a flexible design approach able to adapt to changes occurring during design development. INTRODUCTION The underground railway extension in the metropolitan area of Catania is composed of two lots of approximately two km each, namely “Stesicoro-Aeroporto” and “Nesima –Misterbianco”. Works to be realized are: •,Main tunnel: mechanized tunneling using a TBM-EPB machine, for the entire length of the lot; •,Underground stations: San Domenico, Vittorio Emanuele and Palestro, conventionally excavated as enlargement of the TBM tunnel after the partial demolition of precast segments; •,Ventilation and emergency shafts: connecting seven tunnel levels to road level on Stesicoro-Areaposto lot, six on Nesima-Misterbianco lot; •,Additional structures such as technical rooms and parking lot; •,Electric Substation at Monte Po' stop; •,Temporary works: TBM launching and arrival pit to be dismantled at the end of the works."

Jan 1, 2016

Grinding and energy input in stirred media mills are studied as functions of grinding time, stirring speed, media size and density, solid concentration, impeller and tank dimensions and design, and other relevant variables. Ground product size and surface area are determined with respect to the above variables. Changes in energy input and media/pulp rheological properties during grinding are described. The best conditions for grinding limestone in the laboratory stirred media mills have been identified. Equations for correlations involving power and modified Reynolds numbers have been established.

Jan 1, 1995