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By Stanley Dempsey

INTRODUCTION The mining industry has been under- going a significant restructuring for the past several years. Some firms have been liquidated. Some have been merged with other firms. A number of mining divisions of larger firms have been spun off, in some cases in leveraged buyouts by management. Recently, there have been a number of spin outs of gold subsidiaries. There are also a number of start-up situations where new firms are emerging as significant gold producers through mine development or acquisition. This restructuring has created an attractive market for specialized mining finance firms, and a number of firms have recently entered that field in the United States. These firms provide financial advisory and valuation services to mining firms and project developers, and access to venture capital. In some cases, they invest for clients or for their own account. I have been asked to describe how our firm works, and what kind of information we expect to receive when mine developers seek our assistance in financing a project. HOW WE OPERATE Denver Mining Finance works for both mine developers and investors. We also provide expert advice on mining issues to governments and to firms who are in litigation over mining issues. A lot of our work involves valuing mineral interests for various purposes. Our principal expertise is in the technical, commercial, and financial area. We help put mining deals into shape commercially so that they can be financed, and we help investors get into mining deals that are commercially sound. We work on projects, but we also advise mining firms on the structure of their business and how to make the most out of one or several mines that they might own. In addition to our work for clients, we are also prepared to invest in mining projects for our own account, and to recommend gold properties for acquisition by our parent company, Royal Gold, Inc. We are, to some extent, a venture capital firm, in that we sometimes work with projects that are not "bankablerV1 and are prepared to invest in attractive early-stage situations in mining. However, I want to emphasize that our principal focus is on development of commercially attractive mining projects that can be brought into production in the best possible financial terms. If we can make a project qualify for a project loan from a commercial bank, we will not advise the developer to use high cost venture capital. For the purpose of this paper, I will focus primarily upon our functions with respect to development of precious metal projects. In a typical case, a firm with an advanced-staged project approaches us for help with financing the final feasibility study, and construction and operation of a mine. In some cases, the developer has already developed a financing plan and wants only our access to investors. If we agree that the project is sound and that the financing scheme will be attractive to investors, we will help the developer reach investors on a commission basis. In such cases, we are particularly insistent that the financing plan and our participation meet all regulatory requirements, particularly compliance with state and federal securities laws. In most cases, however, the developer asks us for advise both on how to structure the financing, and how it can be implemented. Here we work for fees based on hourly rates for advisory work,

Jan 1, 1987

By Jamal Rostami, Richard Kastner, Ahmad Ramezanzadeh

Improving the accuracy of the performance prediction models for hard rock Tunnel Boring Machines (TBMs) is important in estimation of the schedule and cost of tunnelling in related projects. The effects of rock mass on performance of TBMs has been studied extensively, yet due to the complex nature of the process, impact of many parameters influencing machine advance rate are not very clear and there is still room for improvements. More accurate estimates can be obtained by better understanding of operating parameters in various geological conditions and can lead to matching machine specifications with job conditions, optimizing machine performance, and avoiding long delays and downtime for increased productivity. This paper will offer review of two case histories including Queens Water tunnel in New York and KCRC project in Hong Kong. The analysis of the available field data, including the geological back mapping and results of laboratory testing of rock mechanical properties, machine operational parameters and achieved rate of penetration will be presented. This includes statistical analysis of available field data to provide a better understanding of the influence of rock mass properties on performance of hard rock TBMs as well as related formulas to improve performance estimates.

Jan 1, 2005

By Yan. T. Y.

Uranium precipitation from an eluate using hydrogen peroxide has been studied in a laboratory continuous unit. The important process parameters were the dosage of H2O2, reaction pH and chloride ion concentration. In the process, the alkaline eluate is acidified to a pH of 2, then H2O2 at 110%-130% of the stoichiometric requirement is added, and finally NaOH is added to maintain a pH of 4 for one hour to complete the precipitation and settling. The chloride content in the system is controlled to 50g/L or below by rejecting part of the decant solution. The process has been successfully employed in commercial operations. The uranium recovery is complete, while the precipitate settles rapidly and can be processed to high purity yellow cake without filtration.

Jan 1, 1991

By M. H. Weinecke, B. P. Faulkner

This paper discusses the process for making lightweight aggregate, the waste materials that make good lightweight aggregate, the chemistry of making lightweight aggregate and the commercial prospects for making lightweight aggregate from wastes. Svedala Industries has been making lightweight aggregate (LWA) from waste materials for the last 10 years. Many claylike materials, such as coal fired boiler ash and washings from a granite quarry, can be used alone or with additional waste materials to produce commercially salable LWA.

Jan 1, 2003

By S. Su, S. Natansohn

This report describes a process for tungsten recovery from Searles Lake brines and upgrading its concentration to useful levels. The method consists of a combination of a liquid-solid and liquid-liquid extraction step and results in a product stream containing more than l00g W03/1. This technique is also effective in substantially reducing the concentration of objectionable impurities in the tungsten product. An ion exchange extraction mechanism is postulated.

Jan 1, 1983

By J-P Franzidis

A study was undertaken to determine the effect of five industrial frothers on the relationship between entrainment recovery and water recovery. The experiments were conducted using a Batequip rectangular 60 liter steel cell which was run in parallel with the first cell in a copper/silver prefloat rougher circuit. The concentration of the frothers ranged from 2.5 g/ton to 8.4 g/ton. The experiments were repeated at three different froth depths. A power function was found to fit this relationship with no discontinuity in the relationship caused by the changes in frother type and concentration and froth depth.

Jan 1, 2000

By Y. A. Attia, D. K. Sengupta, H. A. Hamza

Increased recycling of waste paper has been emphasized in recent years in both the United States and Canada for environmental and economic reasons. Removal of ink particles from waste paper pulp is therefore necessary. One of the most promising methods for ink removal is froth flotation. This study investigated the feasibility of a simplified flotation scheme and found that about 90% to 92% ink removal can be achieved. Also, a 95% to 97% ink removal is achievable if a hydrophobic polymer is used ahead of the flotation stage. Clean paper pulp recovery was over 90%. The effects of pulping pH, flotation pH and concentrations of flotation and polymeric reagents are discussed in the paper.

Jan 1, 1995

By Fathi Habashi

At the Duisburger Kupferhütte plant in Germany, pyrite cinder is collected from the sulfuric acid manufacturers in that country and processed to recover the nonferrous metals contained in the cinder, before charging it to the blast furnace for iron recovery. A typical analysis of the cinder is given in Table 9-1. The pyrite cinder is mixed with NaCl and treated continuously in a multiple hearth furnace. The evolved gases are scrubbed with water to form a weak acid which is used for the leaching process. Each batch requires about 2 days for leaching. The concentrated leaching solution obtained in the first 15 to 20 hr is sent for copper recovery, while that subsequently obtained, being poor ill metal content, is recycled. The residue, called purple ore, now a high-grade iron ore (61-63 % Fe); is sintered and delivered to the blast furnace.

Jan 1, 1970

By J. E. Hoffman, T. J. Keefe, Michael E. Stout, O&apos

M.A. Industries, Inc. has developed and is now offering on a commercially available basis, complete systems to recover and recycle lead from spent SLI batteries. The system begins with the breaking and separation of the component parts of the batteries and subsequent treatment of the effluent water produced by this operation. The recyclable materials recovered from this process are metallic lead, lead paste and polypropylene. The lead paste is introduced into a process to convert it from a lead sulfate to a lead carbonate. The process also regenerates the salt solutions into reusable carbonate. The lead carbonate is then leached into an acid bath where it is later recovered by a proprietary electrolytic process. The metallic lead is recovered in a short rotary furnace producing metal for further refining and alloying. The polypropylene is further washed and then introduced to a reclaim extruder along with the proper modifiers and additives. The resulting resin can then be sold on the open market to injection molding processors. This complete system greatly reduces the amount of waste to be disposed of and completely complies with all applicable EPA guidelines.

Jan 1, 1993

By M. S. Klima, A. Simard, M. L. Turek

Laboratory testing was carried out to evaluate several devices for recovering clean coal from bituminous coal refuse material. The bulk of the testing focused on using a dense-medium cyclone to process -0.6-mm refuse material. A hindered-settling column and a spiral concentrator were also used to process nominal 1.2 x 0.15-mm material. Product yields and ash contents were obtained for all tests, while partition curves were generated for selected tests from which the characteristic performance parameters (relative density of separation and probable error) were determined. The results indicated that the dense-medium cyclone was capable of cleaning down to 0.037 mm, while the other devices were effective to 0.15 mm. Keywords: Coal recovery, Coal refuse, Dense-medium cyclone, Hindered settling, Spiral concentration

Jan 1, 2003

By George H. Tousley

As a member of the vast fraternity of those that supply and service the mining industry, I can assure you that we are amused, amazed, and horrified at the poor drilling and blasting practices of a great number of operations. Yes, ?horrified?. After all, that is our product you are using and abusing. We all know that drilling and blasting is expensive. In some operations D & B costs may exceed excavating or hauling costs, or both. At any rate, it is the only portion of the whole operation that could be said to directly affect other costs. There is no argument that it affects excavating costs. If the overburden and/or product is drilled and hauled, it affects haulage costs. It can easily affect milling costs, if more or less fines is important. And poor fragmentation affects crushing costs. If scalping is done ahead of the primary crusher it can affect production. As has been pointed out, the D & B operation itself is costly, and therefore should lend itself to close scrutiny. Anyone that could immediately decrease haulage costs by 10% would be a hero with any mining company.

Jan 1, 1976

By M. S. Celik

Unlike most other minerals, electrokinetic measurements of calcium montmodonite (a clay mineral) and u1exite (a boron mineral) exhibit an unusual behavior. While the addition of monovalent salts such as NaCI and KCI is expected to compress the electrical double layer with a resultant less absolute charge, an opposite trend is observed. A set of systematic experiments with monovalent and multivalent ions has been carried out to understand the mechanism of this phenomenon Examination of the results reveals that the behavior of montmorillonite is dictated by the exchangeable divalent cations at the edges which undergo an exchange process with monovalent cations resulting in the reduction of positive charges. The solubility of ulexite, on the other hand, is found to decrease with increasing monovalent cation concentration leading to again an increase in the absolute negative charge.

Jan 1, 1996

By F. Woodcock, A. R. Laplante

A test to characterize the amount of gravity-recoverable gold (GRG) in an ore is described. Typical GRG results are given and possible uses are discussed. The overall database, which includes 68complete tests, is presented. The ore samples treated had an average GRG content of 63% of the total gold in the sample, with a standard deviation of 20% and a range of 3% to 97%. Both the F8(, of gold and the GRG content at a grind of 100% finer than 850 pm correlate well with the overall GRG content (at 80%finer than 75 pm). The primary use of the test is to determine whether gravity recovery should be used and how. Results can also be used to predict gravity recovery, as many of the ores tested are from plants employing gravity recovery. Gravity-circuit simulation can be used to refine recovery estimates or for optimization studies.

Jan 1, 2000

By R. K. Amankwah, E. K. Asiam

Changes in the thermal-oxidation behavior and other properties of gold-bearing waste activated carbon when milled in both a ball mill and a vibratory mill were investigated. It was found that significant changes occurred in the oxidation temperature of the vibration-milled waste carbon as a result of increases in surface area and mechano-chemical activation. The mechano-chemical action brought about modifications in the crystal structure of the waste carbon. As a result, the vibration-milled sample was completely oxidized at a temperature of 450°C. Thus, the study established that vibration milling is a better way of lowering the temperature of oxidation of the waste carbon. Furthermore, the gold was found to be concentrated in the ash and, when leached with cyanide for 20 hrs, the gold recoveries from a sample having a head grade of 2 kg/t was 99.5% for the vibration-milled sample and 82% for the ball-milled sample. The lower gold recovery for the ball-milled sample was attributed to sintering of the ash, which was caused by the higher temperature required for its oxidation.

Jan 1, 1997

A new separator, known as the HydroFloat cell, was developed to overcome the limitations of traditional flotation cells in recovering coarse particles. The HydroFloat cell separates particles based on differences in mass after the selective attachment of air bubbles to the hydrophobic component of the feed stream. Proof-of-concept testing, utilizing phosphate matrix, heavy mineral sands and anthracite slag, indicated that significant improvements in separation efficiency can be achieved using this air-assisted teeter-bed system. Based on the encouraging laboratory results, a pilot-scale HydroFloat cell was fabricated and installed at a central Florida phosphate plant. Test data collected using the pilot-scale unit suggest that the BPL recovery of the +35-mesh plant feed can be increased by snore than 40% through the application of this new technology. This improvement is particularly beneficial due to the very high grade (-73% BPL) of the +16-mesh particles in the HydroFloat concentrate. This article describes the theoretical basis for the development of the HydroFloat cell and provides an overview of recent laboratory and pilot-scale test results.

Jan 1, 2002

By Alena Conrads, Markus König, Markus Scheffer, Markus Thewes, Hannah Mattern

"INTRODUCTION In recent years, the development of tunnel boring machines has revolutionized the tunneling industry. The general structure of a tunnel boring machine (TBM) can be described as a multi-component system. To achieve high performance rates, machine elements have to perform reliably. Performance losses and interruptions of the construction process should be prevented or at least, reduced to a minimum. In order to achieve high advancing rates, cutting tools must be in good condition at any time. Furthermore, failure of individual tools might result in increased and faster wear of remaining structural components. For this reason, maintaining and replacing cutting tools is crucial to prevent project delays due to insufficient boring performance. Precise prognoses concerning the prevailing geology are infeasible and thus, efficient scheduling of maintenance actions is challenging. The intention of this work is to analyze different approaches of TBM maintenance in soft ground. Different strategies are analyzed by the use of a simulation approach. Cutting tool condition is regarded as performance limiting factor. The maximum operation time of the cutting tools is determined using the “Soil Abrasivity Index”. A case study serves to show the effects of different maintenance strategies on total project duration. SCHEDULING OF MAINTENANCE ACTIONS Scheduling maintenance actions of single and multi-component systems concerns numerous fields of industrial production. Concentrating on mechanized tunneling in soft ground, cutting tool maintenance represents the most common reason for intermission of advance (Köppl 2014). In literature, time-based and condition-based maintaining techniques are widely discussed. The following section outlines the principles of time- and condition-based policies. Furthermore, examples for their applications in recent research are given. Time-Based Maintenance In general, the time-based maintenance approach assumes that the failure behavior of the system components is predictable. Maintenance actions are scheduled according to predefined intervals (e.g., hours, days, weeks). A detailed analysis of preventive repair times or interval forms the basis for maintenance decisions. For this approach, an adequate quantity and quality of data is fundamental. Numerous studies deal with the analysis of time-based maintenance for production equipment. In fields of mechanized tunneling, unplanned machine downtimes restrict the applicability of time-based maintenance approaches. Thus, this paper mainly focuses on condition-based maintenance."

Jan 1, 2016

By Pieter Berendsen

Lamproite occurs in two locations in southeastern Kansas that are in close proximity to each other. In both locations, the lamproite is restricted to north- east-elongated, ellipsoidal depressions measuring about 3 mi by 1.5 mi. At the surface and in the shallow subsurface, lamproite occurs as sills that were intruded into Middle and Upper Pennsylvanian rocks consisting of shale, limestone, and minor sandstone. Isotopic age determinations by Zartman and others (1967) indicate that the lamproite was intruded during the Late Cretaceous (88-91 my). Drillholes for hydrocarbon exploration down to a depth of about 1,400 ft (top of the Mississippian) and numerous shallow drillholes (mostly 200-300 ft) by the Kansas Geological Survey in the northern portion of Silver City dome helped to understand the structural complexity and extent of the near-surface sills. Numerous radial faults showing small apparent vertical offsets limit the lateral continuation of individual sills. Concentric faults are believed to mark the edge of the depression. Wagner (1954) mapped the geology of Silver City dome in considerable detail and recognized a northward dipping, 120-ft-thick, lamproite sill exposed at the surface along the northeastern edge of the dome. The upper 40-50 ft of the sill weathers olive-brown and has a soft, clayey consistency in which only the phlogopite mica is recognizable. The weathered material has been mined by Micro-Lite LLC since 1982 from the exposed sill in an open-pit that measures about half a mile extending in an east- west direction. The bulk of the material, about 98%, is used as an additive in mineral supplements for cattle feed.

Jan 1, 1999

As opposed to a prescriptive-based design, a performance-based fire-protection system design allows the system planner the flexibility in choosing specific method, materials and design tools to achieve a preset goal. A different approach in fire protection and a powerful addition to existing method, the system has been around for many years, and has gone through numerous improvements. Despite its popularity in the building industry, it has not been introduced to the mining industry yet. As mines get deeper, increases in size and complication, mine fire safety system will also become increasingly challenging, a new and proven system should be able to great potential to eradicate many of the problems that are either unsolvable or cost-prohibitive with the traditional method. With increasing globalization and international exchange with other major mining countries a common language/practice also make the performance-based design method a desirable feature in mine fire safety system. This paper will first define a performance-based system, step-by-step design methods, likely impacts on fire-protection practices and possible challenges in implementing the system in US underground mines.

Jan 1, 2011

By John A. Bischoff, Francis S. Kendorski

A technique that has been used for inspection and appraisal of rock tunnels is described. It enables a rapid and complete record to be made of those factors necessary for the engineering assessment of the rock conditions surrounding a tunnel. Full understanding of the regional geology, and a careful recording of data concerning the principal geological and construction factors is essential basic data for a tunneling project, whether the tunnel is under construction or is already in service. A methodical recording of data concerning general geology, shears, fracture orientations, spacing, persistence, rock classification, water condition, shear frequency, excavation method, blasting procedure, and rock stabilization and support methods, combined with a photographic record, can be completed by experienced engineers and geologists at the rate of over 1000 feet of tunnel per shift.

Jan 1, 1976

By E. H. Christiansen

Gem-quality red beryl in the Wah Wah Mountains of southwestern Utah formed as a post-magmatic mineral in a topaz rhyolite flow. Unlike topaz, this beryl occurs along fractures in devitrified rhyolite, rather than in lithophysal vugs. The flow occupies a graben and perhaps a significant paleo-drainage. Beryl occurs at medial depths within the eroded flow, about 170 m below overlying mafic lava flows. Both beryl-bearing fractures and the host rhyolite show an unusual amount of argillic alteration compared with other topaz rhyolite flows. Alteration may be related to the incursion of surface water along shrinkage fractures within the flow. Whole-rock concentrations of CaO within the host rhyolite are very low (<0.01 % to 0.18%) compared with other topaz rhyolites and Be concentrations (about 20 ppm) are about average. Low Ca activities prevented fluorite precipitation and allowed Be transport as fluoride complexes. Beryl probably grew at subsolidus temperatures (-300-650°C), but above the temperature of kaolin development (200-300°C) as fluoride-rich vapors, released by devitrification, encountered fractures and mixed with vapors derived from surface water flowing through the fractures. Beryllium fluoride complexes reacted with water vapor, silica minerals, alkali feldspar, water, and Fe-Mn oxides along fractures to produce red beryl. Continued reaction of the cooling flow with surface water at lower temperatures probably produced a boiling, more acidic fluid that produced the argillic alteration. Consequently, eruption of low-Ca topaz rhyolite followed by entrance of surface water into medial portions of a devitrifying and still hot lava flow appear to be critical factors that led to red beryl formation.

Jan 1, 1996