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By ?. S. Yusupov, V. P. Isupov, N. Z. Lyakhov, A. G. Vladimirov, S. A. Kondratiev

"Considering the shortage of lithium reserves, the desirability has been shown of studying the possibility of processing into spodumene concentrates the concentration tailings and low-grade ore reserves at Transbaikalian Mining and Processing Project (ZabGOK). The mineral and chemical composition and the particle size distribution of the mineral feed, separability and recoverability of spodumene have been studied, forming the basis for the development of a concentration process and flowsheet for the studied mineral resource. Prospects have been established for impact ore grinding in a disintegrator, the efficiency of mechanochemical processes has been shown in the separation of quartz and feldspar and the recovery of lithium from concentrates.INTRODUCTION Lithium is widely used in various industries - nuclear power engineering, defense technology, power generation, ceramics, special-purpose glass and other technologies. The increasing demand for lithium and its compounds (lithium carbonate and hydroxide) for use in the manufacture of high-tech products (lithium-based materials for chemical sources of electric power and electrochemical energy) explains the need for establishing a sustainable raw material base (Mohr et al. 2012; Moores, 2007). The main sources of lithium are spodumene pegmatites (Vladimirov et al. 2012; Garret, 2004), brines (salars), and hydromineral materials (Garret, 2004; Zeng and Liu, 2009; Kotsupalo and Ryabtsev, 2008). However, in view of the absence in Russia of extractable hydromineral resources of lithium, the practical significance of spodumene ores remains decisive. Russia controls some of the world’s largest reserves of rare-metal pegmatites holding over 8 million tons of Li2O: approximately 7 million tons on the Kola peninsula and 1 million tons in the Sayan mountains. The main lithium mineral in pegmatites is spodumene LiAlSi2O6 containing 8.1% Li2O. It can be efficiently recovered by gravitational concentration and flotation. However, most of the deposits are located in remote areas and none is currently developed. In this connection, special research is focused on technogenic raw materials, which are increasingly seen as a solution to the resource base problem (Chanturia, 2008, Kurkov and Kotova, 2007)."

Jan 1, 2018

By G. Hames, A. Drake, B. Sampson

The Timbarra opencut gold mine is located about 30 km(19 miles) southeast of Tenterfield in northern NSW some 4 hours by car from Brisbane, the capital city of Queensland in Australia. It was a small operation designed to produce about 40000 ounces of gold per annum utilising contract mining and company owned crushing plant feeding heap leach pads. This is a standard setup except that the mine owner was in charge of all aspects of drill & blast design even though a contract drilling & blasting (shotfiring) service was being provided. The major problem was that the blasting operations were yielding massive amounts of oversize due to the jointed partially weathered nature of the granite. This was adversely affecting all downstream aspects of the operation as well reducing gold output as ore boulders were being dozed over the side of the mine as they were impinging on mining productivity. The oversize problem had to be solved as the mine was struggling to achieve design gold output. Significant design & trialing effort using minesite resources were utilised to reduce the oversize but this failed even when powder factors up to 1kg/bcm(1.68lb/yd) were used. Dyno Consult from Dyno Nobel were therefore called to investigate, review & trial options to reduce oversize from the top flitch.

Jan 1, 2003

By L. H. E. Weyher

As a result of past developments, mainly at universities, the coal industry has had access for a decade or more to a number of computer programs for coal mine planning. Using some of these programs Bethlehem Steel's Research Department in 1969 launched jointly with Bethlehem Mines Corporation an extensive research and development program aimed at: (1) testing the capabilities of these programs through trial applications as the need and opportunity existed, (2) defining what additional capabilities were required to make mine planning computer systems fully useful in the hands of Bethlehem's mine-planning engineers in the field, and (3) developing and implementing in the field the mine-planning systems agreed on. This program is now nearing completion, and several of Bethlehem's operations routinely use the planning tools that were developed. The progress of this research program is discussed in terms of our initial trial applications of computer methods to mine planning and the incorporation of several innovative features into our new set of computer programs, in particular, the use of time sharing, data base management systems, and general-purpose simulation languages.

Jan 1, 1977

By J. C. Stankus

In this paper, an innovative concept in longwall tailgate support is discussed. This new concept utilizes a new high capacity roof truss system in lieu of conventional wooden crib block. The first field test was conducted at Bailey Mine and was very successful. Similar tests have been installed in other mines and seams. An extensive instrumentation plan was designed and implemented in the truss test area. The test data has shown that the dynamic roof truss system effectively controls the various abutment pressures caused by longwall mining thus maintaining a stable tailgate entry.

Jan 1, 1995

By B. Nyman

A lot of work is in progress to improve copper recovery by leaching-solvent extraction-electrowinning (L-SX-EW). At Outokumpu the focus of attention is on SX equipment development as a result of which a new mixing-settling technology, the Vertical Smooth Flow (VSF) has been introduced. Using helical stirrers in the VSF mixers a more gentle and uniform contacting can be obtained than in the mixing compartments of the low-profile design. The benefits of Outokumpu's new approach are an essential decrease in organic losses and in aqueous in organic entrainments. Separate pumping using a smoothly pre-contacting "Dispersion Overflow Pump" (DOP) is a key feature of the VSF design. The scale-up of this pump as well as the VSF mixers are shown to follow simple mathematical relationships which also have been confirmed by full scale experiments.

Jan 1, 1995

By V. Blet

Rare earth elements (REE) are regarded today as highly critical raw materials but currently lack suitable recycling processes. A combined hydro- and pyrometallurgical process aimed at REE recovery from used NdFeB permanent magnets was recently developed by the CEA. The process integrates the physico-chemical treatment of magnets, followed by a solvent extraction step for the recovery and intra-REE separation using a selective extractant. A subsequent pyrometallurgical treatment via molten chloride salt electrolysis allowed the isolation of pure Dy metal. Technical-economic assessment and life-cycle analysis were also conducted. Following this first successful demonstration, a new project aimed at the recovery of REE from end-of-life nickel-metal-hydride batteries is currently being developed in association with industrial and academic partners. The project aims at evaluating from an experimental and economic perspective different processes converging at the production of value-added products such as cermet materials for catalytic applications, purified REO concentrates, or metallic alloys.

By Joshua C. Adams, Les Chernauskas, Edward L. Hajduk

"Drilled shafts are increasingly being used to support bridge and building foundations. Because these foundations usually carry very high design loads and often serve as non-redundant, single load carrying units, these foundation systems need a high level of quality control (QC) and quality assurance (QA) during construction. One such method for providing QC/QA is crosshole sonic logging (CSL) testing, in which ultrasonic signals sent across the drilled shaft concrete assess concrete quality.CSL testing is an effective tool to evaluate the integrity of the in-place drilled shaft concrete. While typically used to evaluate drilled shaft concrete after construction, CSL testing can also be used to evaluate drilled shaft repairs. This application can be difficult, given the variability of repair methods and material properties. CSL testing can also be adversely affected by the condition of the concrete/access tube bond, leading to false anomaly detection and/or inability to evaluate concrete integrity effectively. This phenomenon, called access tube debonding, is often located in upper portions of the drilled shafts where large changes in groundwater occur, such as within tidal zones.Two case histories showcase innovative uses of CSL testing to deal with consistent access tube debonding and to evaluate drilled shaft repairs.CSL OverviewCSL testing involves placing ultrasonic transmitters and receivers in access tubes installed in the drilled shafts prior to concrete placement. Concrete quality is assessed by examining the First Arrival Time (FAT) and relative energy of the signal sent between the transducers. If the distance between the access tubes is known, an apparent signal velocity (i.e., wave speed of the ultrasonic signal through the concrete) can also be determined and used to assess concrete quality.Common CSL testing practice consists of simultaneously raising the ultrasonic transmitter and receiver and recording the ultrasonic signals with respect to depth. This results in a 2D examination of the"

Jan 1, 2009

By Gervais Soucy

During mineral and industrial processing, contaminated wastewater can be generated such as cyanide liquors (free species or in complex form). This paper presents the treatment of cyanide solution derived from the aluminum industry, by direct contact of the solution with thermal plasma in a novel reactor. The reacation energy is provided by a plasma submerged in solution which allows direct contact between the plasma and the solution to be treated. The scope of this' study was to determine the feasibility of treating free and complex cyanides in solution through mini-pilot scale operations. An innovative reactor was designed and fabricated to provide stable: process operating conditions. Many parameters were studied. These experiments permitted the evaluation of the kinetics of complex cyanides decomposition under thermal plasma conditions. At atmospheric pressure (temperature about 100°C), the rate of cyanide decomposition by thermal plasma was 12 times greater than that of thermal hydrolysis in a plug flow reactor et the same temperature. The improvements in the decomposition rates are attributed to high thermal gradients at the plasma liquid interface and photocatalysis induced by the plasma UV radiation.

Jan 1, 1998

By Thomas Billups, Brendan FitzPatrick, Doug LeDo, David Carchedi

"Working in urban environments presents unique logistical challenges beyond those typically associated with traditional geotechnical analysis and design. These challenges often include working on sites with limited access and laydown area, vibration concerns for adjacent structures and the need to work from variable elevations or within excavations. This paper describes the use of the modular Ductile Iron Pile system, a low-vibration driven micropile, on two urban projects on the Johnson & Wales University campus in Providence, Rhode Island. The paper describes the successful implementation of Ductile Iron Piles installed to develop capacity in end-bearing on one site and friction on the second site. Design, installation and quality control operations are all presented as well as the results of full-scale load testing performed on non-production test piles. This paper is of importance to the industry because it describes a versatile option for project teams as an alternative to traditional micropiles, helical piles or other deep foundation systems for urban sites.INTRODUCTIONWorking in urban environments presents unique logistical challenges beyond those typically associated with traditional geotechnical analysis and design. These challenges often include working on sites with limited access and laydown area, vibration concerns for adjacent structures and the need to work from variable elevations or within excavations. Two recent projects in downtown Providence, Rhode Island faced a combination of problematic soil conditions and urban construction challenges including vibration concerns. Both projects were a part of the Johnson and Wales University campus development. Figure 1 illustrates the urban locations of the sites."

Jan 1, 2016

By Jacques Moraille

The public is asking for more aesthetic designs if they can be proven cost-effective at providing an appealing element to new dams. Lake Lenexa was designed and built around the idea of providing for basic dam functions such as flood control, enhanced water quality, recreation but also to provide an inviting community focal point for the residents to visit and enjoy; truly interact with the dam. The architecturally unique dam and ?one of a kind? spillway were designed to symbolize the water cycle as water moves from nature into the urban environment and the back to nature. A pedestrian bridge that spans the spillway offers visitors a good view of cascading pools and a fountain. The original Lake Lenexa dam layout incorporated relatively high, cast-in-place concrete retaining walls to form the spillway structure. The Black & Veatch project team performed a Value Engineering (VE) study to determine cost-effective means for implementing architectural features within the spillway, which resulted in innovative uses of construction materials not typically used in dam and reservoir construction. The VE study concluded that mechanically stabilized earth (MSE) retaining walls that are normally used for transportation projects would be a cost-effective alternative to the originally planned cast-in-place wall systems for the main spillway and stilling basins. The Black & Veatch study added value by mixing cement-kiln dust (CKD) with on-site clay soils to produce a stabilized material for use under the spillway. The CKD stabilized material properties include low compressibility, high strength and low permeability, which reduced seepage and uplift pressures under the spillway slabs. The cost savings provided by the VE alternatives reduced total costs and enabled architectural elements. The award winning dam design also used drilled caissons, expanded polystyrene (EPS) block forms, customized steel forms and external concrete vibrators to build the pedestrian bridge and upper spillway structures.

Jan 1, 2009

By Dean J. Acuff

An overview of new size reduction technology involving the use of two-mass natural frequency vibration applied to a totally enclosed elongated drum. Material moves with a drum-like rotary motion with exposure to constant, aggressive, high frequency agitation for faster reduction and enhanced product quality. A proven, patented design with few moving parts, a vibrating mill drum provides the desirable environmental benefits of a totally enclosed rotary drum but without the same interfacing difficulties. Natural frequency design has reduced energy demand which is met by low horsepower, self-contained, motorized drives to dramatically reduce the cost per ton of finished product.

Jan 1, 1993

By Clifford Taylor, Alexander Zöhrer

"The execution of deep basement excavations under narrow conditions is one of the most challenging tasks in geotechnics. The vicinity of neighbouring buildings, roads, and underground structures such as sewers or power lines, quite often prohibits the application of standard solutions. In addition, legal considerations in the use of adjacent properties is becoming increasingly difficult. This paper will present some innovative approaches to overcome the above-mentioned challenges based on several case studies from central Europe. For every project the design approach as well as the techniques used for execution will be explained, detailing both the advantages and the limitations of the applications. One case study shows a deep basement excavation (approx. 17m) in the centre of Prague, Czech Republic. This project featured many challenging boundary conditions (narrow construction area, high ground water table, jet grouting column embedment into bedrock, constraints regarding use of ground anchors due to property rights, etc). The realisation of the complex design is described and illustrated in detail. Other case studies will show the combined application of bored piles with jet grouting and also explain the design of vertical prestressed anchors for retaining walls.INTRODUCTIONThe development of urban areas has always presented challenges, from access for equipment and materials to the rectification of existing foundations in unknown condition. Compounding these is the increasingly stringent requirements to retain, maintain and reduce impact on culturally and historically significant structures. As available space is becoming more limited, optimisation of real estate has resulted in buildings getting higher and their basements deeper below ground. Two or more basement levels are quite common, with typical excavation depths ranging from 5 to more than 10m. Additionally, we are faced with neighbouring buildings that are equally high, deep and massive. These buildings directly adjacent the retaining structure require underpinning to limit settlement, and in cases where they are within just a few meters, this building mass generates additional earth pressure for the retaining wall to support, resulting in complex loading cases.This paper highlights several common challenges and explores the measures implemented to overcome them. The challenges and examples of either design based solutions or practical applications will focus on the following topics – the limitations of conventional geotechnical construction methods, overcoming challenging geology and the requirement for watertight basement constructions."

Jan 1, 1900

By P Oikkonen

Sprayed concrete has played an integral role in underground rock support for nearly a century. However, concrete is also considered to be one of the biggest environmental problems in construction and mining, largely because of the high carbon footprint of cement and aggregates production. This is driving the industry to find ways to cut concrete usage where possible. Improving sustainability by cutting concrete material consumption also reduces application time and costs. Improving concrete properties can make it possible to design thinner linings, but as awareness of safety and longer design lifetimes are driving developments in the opposite direction, it is not realistic to see this as a major factor in cutting concrete consumption. More accessible solutions are focusing on layer thickness control and minimising rebound and wastage. Digital technology and innovation offer excellent tools for improving sustainability while optimising other aspects of the spraying process at the same time. A digital layer thickness control system gives near-real-time information to the sprayer operator with full coverage of the sprayed surface. This enables the operator to achieve consistent layer thickness on the first pass, in comparison to the traditional methods of overspraying with the aim of achieving sufficient layer thickness, probe drilling after the concrete has set, and respraying at a later stage if needed. Operator competence is the single biggest variable in a successful sprayed concrete process, affecting rebound and wastage levels. Unfortunately, the learning curve to become a master sprayer is quite steep and training on a real sprayer and real concrete requires a significant amount of time and money. Training in a virtual reality (VR) environment enables operator training to be carried out in a low-risk environment and provides a way of measuring performance and assessing and certifying the operators. After the VR training period, a novice nozzle operator has the basic understanding to start working on a real sprayer, and an experienced nozzle operator can benefit from the possibility of assessing their performance.

Mar 29, 2023

By Aditya Rana, A. K. Mishra, M. M. Singh, N. K. Bhagat

Many cases of derailments, train accidents and traffic interruptions due to the slope failure and rockfall have been reported in the past on Konkan Railway trackline because of unstable rock slopes. The authorities installed stability enhancement measures such as wire netting, rock bolting and shotcreting which were found insufficient. The failed geotechnical measures prompted authorities to excavate the unstable slopes. Rock blasting is generally not preferred for the excavation of slopes along the transportation route. Stabilisation and widening of slopes by blasting need closure of the route for a considerable time. Discontinuing traffic on Konkan Railway route was undesirable as it connects two important port cities Mumbai and Mangalore. The paper presents an innovative directional controlled blasting (DCB) technique for excavating three unstable slopes (i.e. cuttings) in hilly terrain without disturbing the traffic. New empirical formulae for small geometry blasting to estimate burden and throw have been developed. A unique sequence of firing and excavation with powder factor varying between 0.04 and 0.39 kg/m3 irrespective of the actual free face was used for rock blasting. The process controlled the throw of blasted material over the track and resulted in a smooth and stable wall. The slope angle has been changed from 80 to 82° to 45–47° and probability of wedge, planar and toppling failures was eliminated. About 100 such accident-prone slopes (52 km cumulative length, 7% of total route) situated at discrete locations along Konkan Railway route were stabilised using the technique. No incident of rockfall and slope failures along these slopes has been observed after the stabilisation.

By J. F. Vynne

ABSTRACT This paper examines several of the systems and processes that have been developed over the past few years and are now being utilized by major mining companies on draglines in North America, Australia and South Africa. These technologies include production monitors and reporting systems, GPS navigation systems, structural integrity monitoring systems, structural analysis studies to increase the dragline rated suspended loads (RSLs) and inspection and response strategies. The use of these technologies provides significant increases in dragline production and reduces maintenance costs, downtime and the chance of a catastrophic failure.

Jan 1, 2010

By Tracy Brettmann

The Highway 146 Bridge Expansion Project across the Clear Creek Channel in Houston, Texas was designed on driven precast concrete piles. However, during construction, the piles along one side of the bridge along the main channel encountered obstructions and couldn’t be installed. These obstructions turned out to be the remnants of a previous bridge foundation at this location, which was unknown to the designers since that bridge had been demolished 40 years ago. Those old foundations were massive 20 ft by 40 ft (6 m by 12 m) pile caps 11 ft (3.3 m) thick supported on precast concrete piles 37 to 55 ft (11 to 17 m) long. The foundation re-design for these locations involved installing a single 78 inch (2 m) diameter drilled shaft up to 125 ft (38 m) long to replace the originally planned driven pile supported pile cap. The drilled shafts would need to be installed within very tight tolerances since they were supporting a single bridge column directly above it. In addition to drilling through the obstructions, this work would need to be completed from barges in 30 ft (9 m) of water capable of dealing with both the current and tides affecting this area. The shafts were installed using a multi-step process. The first step involved coring a larger diameter 100 inch (2.5 m) hole through the reinforced concrete pile cap and removing the concrete inside. This was followed by the installation of a 72 ft (22 m) long permanent casing to and removing the soil and existing precast piles inside. Finally, the drilled shaft excavations were advanced to the completion depths (uncased) using bentonite slurry as the support fluid.

May 1, 2022

By Seth H. Hamblin, Leo J. Hart, John E. Regan

The Route 6 /10 10 Interchange Design/Build project, located in Providence, Rhode Island, involves the design and construction of five (5) new elevated bridge structures to replace and reconfigure the existing interchange and to provide a link between Route 10 northbound and Route 6 westbound. Due to site logistics, headroom restrictions, and depth to bedrock, 50 ton drilled micropiles installed in the deep medium dense sand strata were initially proposed as the deep foundation solution. Post project award, Geosciences Testing and Research, Inc. (GTR) performed various analyses and developed an alternate driven pile solution using steel Tapertube. The results of these analyses indicated that driven steel taper tube and steel pipe piles could develop greater capacities than the drilled micropiles in the granular soil layer, thereby reducing the number of foundation elements, decreasing construction schedule and providing a more cost effective foundation alternative. A comprehensive driven pile load test program was subsequently executed by GTR and the Design Build Team led by Barletta Heavy Division of Canton, Massachusetts, to assess the performance of Tapertube and steel pipe piles, including pile drivability, load-deformation characteristics under static and dynamic loading, and to develop site-specific design parameters in two (2) distinct test areas. The test pile program included dynamic, static compression, tension and lateral load tests on each test pile. Load test measurements were automated with embedded Vibrating Wire Strain Gages (VWSG) to measure load transfer with depth. The execution and results of the successful pile load test program are presented and offer unique case study and valuable data for the use of Tapertube piles on deep foundation projects in the New England region INTRODUCTION The Rhode Island Department of Transportation (RIDOT) Route 6 / Route 10 Interchange is located west of downtown Providence. Originally constructed in the 1950’s as a highway bypass around the historic Olneyville neighborhood, the interchange consists of a series of nine (9) bridges and ramps that serve as a vital east-west link between Interstate 295, 95 and 195. Based on recent bridge rating assessments, seven of the nine bridge structures are rated “structurally deficient”. With many bridge structures shored with temporary supports as many as 15 years ago, the interchange is in critical need of replacement. In 2018, RIDOT awarded the Route 6/10 Reconstruction Design-Build Project to 6/10 Constructors, Joint Venture. Led by Barletta Heavy Division of Canton, Massachusetts, the Design Build team includes O&G Industries, DW White Construction, Aetna Bridge Co. and AECOM. The scope of work includes the replacement of the bridges and ramps, and will provide direct access from Route 10 northbound to Route 6 westbound. Valued at over $400M (US), this is currently the largest project awarded in RIDOT history.

Jan 1, 2019

By D. C. Shumway

Recently, the health of the cement industry has been threatened by the impact of environmental regulations, over-zealous state and federal agencies and radical environmental groups. Unfortunately, cement plant operations tend to trigger every environmental regulation and program promulgated, plus several programs designed specifically for the cement industry. These environmental burdens come at a time when the cement marketplace has been impacted by imports resulting in a situation where it has been difficult to increase prices to offset these increased environmental liabilities. The competitive world market forces the cement industry to seek creative ways to reduce costs. With additional major environmental programs coming down the pipe, like the Federal Clean Air Act Amendments of 1980 and EPA regulation of cement kiln dust, the cement industry has attempted to try innovative supplements to cement manufacturing. The cement industry has found that using waste tires, biosolids and other solid wastes in the cement manufacturing process can reduce costs and plant emissions.

Jan 1, 1996

By G. S. Takenaka

When Bridger Coal Company transformed their operations from surface mining to an underground longwall operation their plans included not only the addition of new mining equipment but also surface fans for a blowing (supply) air ventilation system. The original system concept included a propane gas fired air heater to preheat the intake air during cold weather and a dual parallel fan and duct system. One fan operated to ventilate the mine while the other fan was for stand-by emergency operation. Equipment proposals were submitted in March, 2005 based on the dual parallel fan system. Discussions conducted during the equipment selection process revealed that several alternative system design concepts were available. The alternative concepts included innovation features that not only saved space and cost but also reduced operating expense as well. Many of the features were incorporated into the final design of the system. A comparison of the original system concept and final installation design are presented in the paper in addition to details of the features and the derived benefits.

Jan 1, 2009

By Dwane K. Johnson

INTRODUCTION The small mining company faces the dilemma of how to finance the development of its properties because it doesn't have the financial resources to pay for the development costs from its own funds and doesn't have the financial strength which will enable it to borrow the money needed for development. However, with a little imagination and the right set of circumstances, a financing can be arranged for the small mining company. This paper is an attempt to describe the fundamental steps on how such financing can be obtained --in other words--what is required to provide ad- equate capital at a low cost for developing and bringing a mining property into production. Innovative financing follows from this. The basic keys for building and maintaining a successful mining company are "the four M's": Management, Market, Mine, and Money. The writer believes their order of importance is as presented and each is a building block required in order to obtain the type of financing that best suits the borrower and lender. MANAGEMENT Management must be experienced, highly organized, realistic, able to take advantage of opportunities and fulfill promises. Mine financing requires a variety of skills and concentration on the part of management. Management should have a thorough understanding derived from experience in geology, construction, mining and metallurgy and environment, marketing, and financial matters. Management must realistically visualize what will be produced at what cost and truly evaluate the risks associated so the proper security can be correctly designed. Since risk cannot be eliminated, the objective of management is to identify the risk which will be present in a given venture and assess the level of that risk which will be acceptable to the firm. Generally the risk which is present is subject to little or no modification. After management identifies and measures the acceptable risk the firm will proceed in a way that it will be least exposed. Management must determine its long-term objectives and strategies within the context of a constantly changing world. This question must be addressed before examining the sorts of risk which affect the development and operation of a specific property. The compilation and interpretation of "hard data" by competent people is good to a point but the experience and instinct of seasoned individuals are the important factors in management choosing a long-term direction for the corporation. The attitude towards risk greatly affects the goals of the corporation. Major risks in a mining project can be placed in four categories: 1. Market - Price, demand, substitution. 2. Costs - Capital, operating, financial. 3. Regulation. 4. Taxation. The feasibility study for a project is the fundamental tool used in the management of risk. Management should employ an experienced team with an established and well-understood set of ground rules for the preparation and assembly of a feasibility study. The necessary degree of realism is built into all levels of the study and if the project is technically feasible, the company's hurdle rate is then used to discount the base-case project cash flow in order to determine its financial viability. Understanding the geological significance of the mineral deposit is critical. There should be strong interplay among the pure regional geologist, the detailed mine geologist, the mining engineer, and the metallurgical engineer. The collaboration among these different disciplines will yield a feasibility study that is more reliable. The essence of this work must be appreciated and understood by the executives planning the financing. It is vital that they thoroughly understand the risks and make the proper risk assessments to cope with our rapidly changing market environment. Projecting future revenue values is paramount and is subject to much estimation. One way to mitigate fluctuations and the risk of falling prices is by selling production for future delivery. MARKET Since mining is a worldwide industry it is mandatory that bankers be aware of what is occurring in the marketplace, both foreign and domestic. The marketing of the production is a very important facet when considering financing for the small

Jan 1, 1987