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By Igor Barros Mairinck

Este trabalho consiste num estudo investigativo, no campo teórico, visando levantar informações de processo, modelagem e simulações do sistema de controle da linha de Preparação de Bobinas 1 (PB1), processo em batelada de corte e bobinamento de aços inoxidáveis da APERAM. A partir deste modelo simulado, foi realizada avaliação de desempenho e sugeridas alterações do controle e novos parâmetros do controlador de bobinamento, de forma a contribuir para a melhora do desempenho das malhas de controle e do processo real. Foram analisadas as interações entre os componentes do circuito de controle e os impactos no desempenho global do sistema no domínio do tempo e da frequência. Este conhecimento adquirido propiciou sugestões de melhoria do comportamento do sistema.

Aug 16, 2017

By J. Holmes Armstead, John L. Dobra

This paper examines some lesser known risks in foreign investment by U.S. companies that derive from international judicial activism by U.S. courts and the potential for extending U.S. anti-trust regulations to companies' foreign operations. The discussion of international judicial activism reviews the implications of the U.S. Second Circuit Court's ruling in the Union Carbide/Bhopal case for U.S. companies investing abroad and the discussion of extending U.S. anti-trust regulations focuses on proposals coming out the Clinton administration's Justice Department.

Jan 1, 1996

By S H. Algie, E J. Knoblauch, I A. Lovatt, S G. Doig

Mill operating teams are expected to engage in a perpetual quest for process improvement – pushing the boundaries of practical process limits and testing new technology to achieve the next step-change in plant performance. Often the barrier to improvement lies in gaining management approval for process changes.Getting approval for investment in novel technology carries an added degree of difficulty, particularly in risk-averse operations, when it challenges conventional wisdom. A case in point is a new technology for controlling variability in slurry distribution. There is a widely held view that less-than-specified classification efficiency and spraying and roping of individual units in a hydrocyclone cluster, must be accepted as unavoidable. That these are wholly correctable deficiencies resulting from unequal loading of the individual units seems a bold claim. Wouldn’t the high turbulence of pumped slurries overcome all potential for segregation of solids? This paper discusses how the task of developing confidence in a new technology can be approached by a combination of physical modelling at small scale, and full-scale operating experience. Proving efficacy then leads to the next task: demonstrating value. Again, the particular technology serves as an example that could be of value to others developing relatively low-cost technologies. A high-pay-off as an investment may be achieved with improvements in metallurgical performance that are small in relation to normal process variations. This has led to an exploration of how process simulation modelling could be used, in conjunction with production data, to provide a benchmark for the expected change, which could be expressed in monetary terms.The next goal, which is currently being achieved in operating plants, is to realise the greater value now available through the optimisation of cyclone configuration, which becomes practical when the confounding effects of cluster instability are removed through equal loading.CITATION:Doig, S G, Algie, S H, Lovatt, I A and Knoblauch, E J, 2018. Investing in new process improvement technology: reducing the risk of implementation – a way forward, in Proceedings 14th AusIMM Mill Operators' Conference 2018, pp 571–584 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Aug 29, 2018

By Jacob Bouke, Jason Janisch, Erik Vlot

The use of conventional tailings deposition methods has been the standard for decades. With the need to reduce the impact of mining, alternative methods are considered when expanding or upgrading tailings handling systems. Converting an existing tailings management system to a more sustainable deposition method during the operation of a mine may incur considerable operational and financial risk, and when assessed more traditionally, does not provide significant advantages. As a result, most mines choose to continue their current technology and add an additional pumping stage or pumpstation to their tailings line in case of a pipeline extension or Tailings Storage Facility (TSF) expansion. This also often involves raising embankments. Changing pumping technology is traditionally assessed by comparing the energy efficiency of current and prospective pumping technology. Despite a reduction in absorbed power, this traditional assessment does not include possible savings in water and the carbon footprint. With the consideration of all these three aspects, alternative pump technologies, such as Positive Displacement (PD) technology, become more economically feasible, providing increased sustainability and enable a site to future-proof their operations. Project feasibility may be affected by the high capital investment required for PD pumps. The benefit of applying PD pumping technology could be enhanced by reducing the volumetric throughput of the pipeline by dewatering the tailings to 65% solids concentration by weight. It was found that despite increasing capital expenditure, the improved reclamation of water will have a positive effect on the direct and indirect cost of fresh water intake to mine operations. This paper seeks to illustrate that in many applications the long-term benefits of investing in sustainable tailings management are optimized when more efficient PD pumping technology is combined with tailings dewatering when upgrading or expanding the tailings handling system.

Feb 1, 2024

By Philip M. J. Gray

"The real cost of conversion from ore to semi-fabricated non-ferrous metals has been increasing for many years. Consumer resistance and improved knowledge and techniques now available justify investment in revolutionary as well as evolutionary methods of extraction. Metallurgical factors in current practice which preordain high production costs are identified as: smelters' demand for clean minerals, use of processes with low intensity of working per unit of reactor volume, use of low-velocity reactions, use of long reactor retention times relative to the speed of reactions, dilution of values in solution and commitment to electric power as a source of energy.Six new types of flowsheet are proposed for processing from ore to metal, composed of steps which are economic to construct and maintain and making maximum direct use of fossil fuel and the energy content of minerals. The basic knowledge and technology for developing these flowsheets exists. It is very tentatively suggested that these routes might reduce the capital and production cost for conversion of ore to metal by 30-50%."

Jan 1, 1980

By Charles L. Kimbell

Comprehensive world mineral industry investment data do not exist, but limited material published on aggregates of in vestment in some elements of the world mineral industry suggest a continued up-turn in the investment level, at least in market economy countries in 1989. Steel industry investments in Organization for Economic Cooperation and Development (OECD) countries are not yet available for 1989 but, as shown in table 6, increased by 22.1% in 1988, after showing a decrease of 5.2% (revised) in 1987. The pattern of investment ups and downs varied during 1988 within country blocs and economic alliances showing no particular trends. Investment in the steel industry by the United States increased by 58.3% between 1987 and 1988 and was 1 1.9% higher than the previous highest amount invested during the 1984-88 period but was still 41.5% less than the amount invested in 1983. Investment in the steel industries of the European Coal and Steel Community (ECSC) dropped again in 1988 from the revised amount for 1987, which became the first drop after several years of steady growth in what became the expanded ECSC in 1986. This drop in 1988 was the result of lower investments by Denmark, France, the Federal Republic of Germany, Ireland, Italy, Luxembourg, the Nether- lands, and Spain, investments grew or remained level in Belgium, Portugal, and the United Kingdom in 1987 and 1988. A decrease in investment in the Canadian (-26.6%) steel industry was offset by in- creases registered by the members of the European Free Trade Association (EFTA) of 31.7%, by Japan of 19.8% by Turkey of 22.4%, and a slight increase by the nations of Latin America. If data for the world steel industry as a whole, including those of the centrally planned economy countries, were available, the same pattern presumably would be shown as that reported; that is, it would remain fairly stable, with increases in some countries being offset by decreases in others. However, the lack of comprehensive information on the centrally planned economy countries makes it impossible to determine whether the overall trend was up or down despite recorded increases or decreases in production of the materials involved. Preliminary data show that investment levels in industries dealing with the production and/ or processing of mineral commodities for

Jan 1, 1992

By Charles L. Kimbell

Annual global steel industry investment is partly mirrored in the data for selected market economy countries that appear in table 13 for 1988-90. No reasonably comprehensive 1991 data were available for inclusion in this study, and the partial reporting available was so incomplete that it was impossible to demonstrate whether the level advanced or declined from the 1990 level of nearly $15.5 billion. Moreover, with the radical changes that are now being effected in the steel industries of the states that were the U.S.S.R. and its CMEA partners, it is most regrettable that comprehensive and comparable data, both current and historic, on investment in this area are not available. Updated information on market economy country petroleum industry capital and exploration expenditures by geographic area has been included in table 14, and it is evident that there was a substantial upturn in investment in 1991. The level of almost $74.5 billion was 14.5 % above the 1990 level and included gains in every topical category and geographic area. The source of information for this table has been changed to the Oil and Gas Journal Database from the previously used Chase-Manhattan Bank study of Capital Investments of the World Petroleum Industry, which has been discontinued. Because of this source change, it has been necessary to modify the structure of the table somewhat, but its total scope of coverage is regarded as basically unchanged. It should be noted that the grand total, as well as some of the detail appearing for 1987, corresponds precisely with those in the previous source.

Jan 1, 1993

By Charles L. Kimbell

Updated information on market economy country petroleum industry capital and exploration expenditures by geographic area (table 14) was not available in time for inclusion here, thus this information remains the same as was presented in the previous edition of this chapter. The salient statistics on U.S. foreign investment in mineral industry activities (table 15) as reported by the U.S. Department of Commerce has been revised to show the latest information for the years 1986-90.

Jan 1, 1993

By Ivette E. Torres

World investment 10 all mineral and mining industry sectors is not available. However, partial information available provides some information useful for analysis. Information available in this section covers limited geographic information on investment in the steel industry, limited information for petroleum industry capital spending, and total U.S. foreign investment in comparison to the mineral-related sectors (tables 13, 14, and 15). Annual steel industry investment is available for the European Community, almost all countries within the European Free Trade Association (EFTA), Latin America, and other countries with significant mineral industries, such as Canada, Japan, and the United States. Although information was not available for 1992, data for 1991 indicate that for those countries aforementioned, total investment increased by 8 %. However, investment patterns were very different within the different groups of countries. While the European Community had a net increase of 12 %, dominated by an almost °40 % increase in Germany, EFTA member countries had a 26 % decrease in investment for the same period. Investment in EC countries was almost seven times that of EFT A countries. Japan's investment in the iron and steel industry, by far the largest of those available, almost twice that of the EC and almost four times that of the United States, increased by more than 20 %. In North America, investment in Canada and the United States decreased. Almost all of Latin America decreased investment in the sector. The notable exception was Mexico, with a 60 % increase. Changes in Mexico's investment policies of the recent past, its economic growth, and privatization of its iron and steel industry are some of the reasons for such an increase. The other country covered individually in Latin America, where investment in the iron and steel industry increased, although slightly, was Argentina. This limited information does not allow a comprehensive analysis of global industry trend, which in turn impacts many other mineral commodities, and with the transition in many countries within Europe and Central Eurasia that are now effecting the steel industries of the countries that were members of the U.S.S.R. and its CMEA partners, it is most regrettable that comprehensive and comparable data, both current and historic, on investment in this area are not available.

Jan 1, 1994

By Dean Edwin Dallin

A computer system was developed by Texasgulf's Corporate Data Center (at Raleigh, North Carolina) to evaluate the economics of proposed new projects and to determine the incremental expansion effects of existing projects. The Corporate Treasurer, Controller, and Senior Staff Members of the corporate office guided the project with advice from the Chairman's office. After consideration of commercially available programs, the decision was made to develop an in-house investment system. The main specification was that the program must do the accounting calculations on the computer exactly as done by hand in the corporate office. No average "approximations" or values were allowed. Also, the capability to change the calculation procedures quickly was a must. The experience gained in developing a program to evaluate Gulf Coast off-shore oil lease-bids was used to develop an investment system. Several ideas were taken from A Programming Language (APL) concepts. An investment functional language was developed, and computer programs were written to process the functional language. One feature is a print-out of the model in English. The English print- out assists the debugging and documentation of a model. The major expansion at the Kidd Creek mine was the test case for the new system. After the results were approved and accepted for the base case, many sensitivity runs were made. Numerous additional models were developed to reflect the investment opportunities at other sites. An existing edit program was used to build the models and to systematically organize all the data for different projects. Remote input-output capabilities were added to the system, allowing data to be prepared and submitted at one Texasgulf site with the results printed at another location within minutes. The project has been well accepted by Texasgulf's senior management. Growth of the system is now in the areas of (1) merging individual projects into the corporate financial statements, (2) use of classical forecasting to project future costs, and (3) coupling the investment program to mine planning and general ledger systems. Also, the system is now being installed on an interactive computer system to provide faster turn-around time and more flexibility.

Jan 1, 1977

By C. Kasatuka

Globalization creates investment opportunities for enterprises around the world. Attracting foreign investment has been a key challenge for economic growth in developing countries. Corruption, political instability, armed conflict, and other internal problems affect foreign direct investment (FDI) inflows negatively. A framework of criteria provides a basis for comparing non-commercial risk (NCR) among twenty-three mineral economies. Countries competing for foreign direct investment inflows are ranked from least to most risky. This study compares Inward FDI Performance Index (IND) with NCR ratings in developing countries and shows that risk is increasingly mitigated by means of appropriately structured insurance. Given the option for countries with similar mineral potential, investors will generally invest in the country that offers lower non-commercial risk. Keywords: foreign direct investment, non-commercial risk, developing countries.

Jan 1, 2006

By C. Kasatuka

Globalization creates investment opportunities for enterprises around the world. Attracting foreign investment has been a key challenge for economic growth in developing countries. Corruption, political instability, armed conflict, and other internal problems affect foreign direct investment (FDI) inflows negatively. A framework of criteria provides a basis for comparing non-commercial risk (NCR) among twenty-three mineral economies. Countries competing for foreign direct investment inflows are ranked from least to most risky. This study compares Inward FDI Performance Index (IND) with NCR ratings in developing countries and shows that risk is increasingly mitigated by means of appropriately structured insurance. Given the option for countries with similar mineral potential, investors will generally invest in the country that offers lower non-commercial risk. Keywords: foreign direct investment, non-commercial risk, developing countries.

Jan 1, 2006

By L. C. Raymond

Why, in an age when natural resources are available on a scale heretofore unknown, and when there is an unprecedented need for them to be developed, have would leaders been unable to find solutions which world concert the under-developed nations into developing nations? With investments in natural resources declining relative to world needs, it is necessary to reverse this senseless trend. This article is an examination of the paradox based on worldwide aspects of the mineral development field, and suggests a possible solution.

Jan 8, 1964

By D. Ott

Results of a research project on investment or lost wax casting will be presented. The project was concerned with various aspects of the process as they are typical for the production of jewellery from gold alloys. During these investigations testing methods for investment quality as well as for casting quality and the various process parameters were developed and charateristic defects as they occur in practice were traced back to their origin in the process. Investigated were various static casting and centrifugal casting methods in different atmospheres as well as vacuum casting in devices of different design. It was shown that independent of the method a close control of the many process parameters interfering with each other is essential for a quality casting.

Jan 1, 1984

By G. Morin, G. Marin, M. C. Parr, J. Carignan

"Investment casting offers many advantages for the near net shape production of complex geometries, however, molten titanium reacts with most of the refractories used in investment casting shelling systems, which leads to the formation of an oxygen contaminated surface layer. This layer, called alpha case, is 0.1 to 0.6 millimeters in thickness according to the casting section size and must be removed either by mechanical or chemical milling processes. Alpha case removal processes affect casting tolerances and may contaminate the part intended for medical applications (e.g. embedding of abrasive grit media in the alloy). A shelling system based on an yttria prime slurry has been developed and was found to almost suppress the mold metal reaction. Yttria is an expensive refractory, but slurry life was found acceptable for small castings using a closed container and flow coating process instead of conventional pattern dipping. Alpha case depth has been determined for Ti6Al4V by metallographic techniques and microhardness measurements on different step block casting cross sections. Alumina and yttria second prime stuccos were evaluated in this study. The shelling system minimizes finishing operations in the production of casting for medical applications.INTRODUCTIONTitanium investment castings have been in the commercial market since the beginning of the titanium era in the mid 50’s. Investment casting is a cost effective way to produce complex parts for medical, aerospace and chemical processes applications. Investment casting of titanium is difficult due to the high reactivity of titanium with air and refractories used for shell mold building especially for the face coat. Melting is done under vacuum and no shelling system has been proven effective to suppress the mold-metal reaction yet. The main issue with the mold-metal reaction is the formation of an oxygen enriched zone at the surface of the castings named alpha case (Frueh et al., 1997; Kim, 2002; Saha, 1986). The alpha case is brittle, reduce the fatigue life in service of the parts and must be removed by chemical milling.For industrial purposes, calcia partially stabilized zirconia based slurries have become widely used in titanium investment casting for primary coats due to a combination of limited metal shell reaction. Calcia stabilized zirconia slurries have an acceptable shelf life and offer an interesting production window. Our experience shows that a resulting alpha case depth is 280 micrometers for a casting section of 6.35 mm in thickness is typical with such a shelling system (Morin, 2013)."

Jan 1, 2016

By J. A. L. Napier

By use of a functional model of capital expenditure developed earlier, a prototype cash-flow model is formulated as a basis for the investigation of the economic consequences when the production rate of a mine is manipulated as fundamental design variable. The optimum production capacities that maximize the common economic criteria of net present value, present-value ratio, and wealth growth rate are determined. It is shown that these choices depend certain key groupings of the economic parameters, and that they have a fixed interrelationship. The basic cash-flow model is extended further to include the effects of a constrained rate of production buildup and the imposition of State taxation on generated income. An approximation to the initial tax-free period of a new mining venture is developed, and, by use of these results, the optimum choice of production level is analysed when both the buildup rate is constrained and tax is imposed. This extended model permits a comparison between the performance of existing mines and the predicted theoretical production levels for these mines.

Jan 1, 1981

By L. Nahai

In an exchange of views with the Program Chairman for the Technical Session on Industrial Minerals and Investment in Foreign Countries, it was agreed that it would be more interesting to approach the problem of mineral investment in foreign countries in a more general framework and not confine it to industrial minerals. Therefore, this Bureau of Mines report is proposed to examine current attitudes toward investments in foreign mineral resources and restraints that they impose on investments necessary to assure supply for future global mineral needs.

Jan 1, 1976

By Anibal Gajardo

Because of the Chilean Ministry of Mining's interest in the development of industrial minerals, the Chilean Geological and Mining Service (Servicio Nacional de Geología y Minería, SERNAGEOMIN) has carried out a research program during the last two years to identify projects that represent interesting investment opportunities for small- to medium-scale operations in Chile. Most important of these projects are: (1) Quebrada Lluta aluminum sulphate, for drinking- and industrial-water treatment, with a potential domestic and foreign mar- ket of almost 43,000 tonnes per year and investments of about US$1.8 million; (2) Quebrada Lluta-Quebrada Cardones pumice, for abrasives, filters, fillers, and light- weight aggregates, with a potential market of about 30,000 tonnes per year, and in- vestments of US$2.0 million; (3) El Maule dolomite, for soil conditioner and iron smelting, with a total potential domestic market of some 60,000 tonnes per year, and estimated investments of US$2.0 million; (4) Las Escaleras bentonite, for animal feed, pelletising, and oil absorbents, with a potential market of almost 6,000 tonnes per year, and investments of about US$2.4 million; (5) Laraquete-Carampangue andalucite, for alumina refractories, with a future total domestic and foreign demand of about 15,000 tonnes per year, and estimated investments of US$2-2.5 million; (6) Rio Lía garnet, for fillers and sand-blasting abrasives, whose domestic market represents 10,000 tonnes per year, with investments of US$2.3 million; and (7) Munilque pumice, for building bricks and panels, with a potential domestic market of 250,000 tonnes per year, and investments of US$1.4 million. The development of these projects will represent an important increase and a significant diversification in Chilean industrial-minerals production.

Jan 1, 1999

By Daniel McConvey

Who is the Investor? -Mainly institutional, including resource funds, other mutual funds and pension funds. -Some hedge funds. -Retail investors. -How important is the reserve disclosure to these investors? -Do these investors know the difference between a reserve and a resource?

Jan 1, 2003

ALAN W. CZARNOWSKY RMCMI PRESIDENT 1988-1989 on behalf of the RMCMI Board of Directors and Officers of The Rocky Mountain Coal Mining Institute cordially invites you and your family to attend the 85th Regular Meeting and Convention to be held June 25, 26 and 27, 1989 at Tamarron Durango, Colorado

Jan 1, 1988