Search Documents

By James L. Poole

INTRODUCTION Companies in the mining industry are subjected at times to currency exchange rate risks and interest rate risks. The former occurs any time a firm deals in more than one currency. The latter occurs anytime a firm is financing itself with borrowings that have a floating interest rate (although a fixed rate can be a problem at times). FOREIGN EXCHANGE RISKS There are two general reasons why exchange rate risks (FX risk) can occur: First, a firm may be building a mine or plant in another country where financing for the plan is denominated in funds other than the country hosting the plant. For example, if a Canadian firm is building a smelter in another country which is being financed with Canadian dollars, the C$100 million for labor, which must be paid in the local currency, has subjected the firm to a C$100 million FX exposure risk. If after the cost estimates were made the local currency appreciates 30% against the Canadian dollar, the cost of labor has increased to C$130 million. (Of course, the local currency could also devalue during this period making the labor cost component less than estimated.) The other reason exchange rate risk arises is due to the fact that the costs of production in one country producing minerals may be incurred in one currency while the production is sold in another currency, such as coal being exported from Canada to Japan under contracts denominated in Yen. In this example, the Canadian firm is exporting coal to Japan and being paid in yen in 30 days at a contract price of 100 Y per ton. Furthermore, assume that the mining firm anticipates a depreciation of the yen against the Canadian dollar of 5% in the next 30 days. Therefore, the mining firm stands to lose 5% of the value of its shipment in a month's time not including carrying costs. In both cases, the mining company risks an adverse change in the exchange rate, that is, the currency the company holds may decrease in value relative to the other currency. There are a number of ways to mitigate the exposure to foreign exchange which can be utilized by the mining company. Optimally, a company should try to match all their inflows and all their outflows in the same currency. For example, if a Canadian firm has mining costs and debt service costs both denominated in Canadian dollars then 100% of their receipts would need to be in Canadian dollars. If a Canadian firm has 70% of its cash outflows in Canadian dollars and 30% of its cash outflow in American dollars in the form of a loan amortization then their receipts would need to be 70% in Canadian dollars and 30% in U.S. dollars. This general principle of matching cash receipts and cash costs in the same currency works fine in a perfect world but what of the real world when these cannot be matched? In actual practice, however, the financial markets have developed a number of ways in which foreign exchange risks can he managed or reduced. FORWARD MARKETS One method is to use the forward markets which are made on a world-wide basis by the commerical banks for foreign exchange. If a firm wanted to lock in the current exchange rate for the receipt of a foreign currency at some point in the future, they could do so by contracting on the forward market with a bank selling that foreign currency at the current rate at the future date. For example, assume that a Canadian firm is exporting coal to Japan which would pay yen in 90 days. If a firm wanted to lock in today's exchange rate they could contract with a bank to sell on the forward market yen in 90 days. When the yen was received the contract would be executed by selling the yen to the bank and receiving the previously agreed upon number of Canadian dollars. Generally speaking, the forward market can be used to sell forward about 12 months. The costs of selling (or buying) forward

Jan 1, 1985

By N. Sahay

Open fire in coal mines is one of the most serious threats to miners, as well as to the mine. Open fire can often be effectively dealt with by prompt local action, otherwise it very quickly becomes uncontrollable. In one incident, none of the available open fire control technologies, viz., water deluge and sprinkler systems, high-expansion foam, high-pressure high-stability nitrogen foam, water misting, and ventilation and pressure control techniques, were effective for saving the mine without sealing from surface, since the fuel-rich environment prohibited underground access due to the methane explosion hazard. The authors have developed a methodology for dealing with advancedstage open fires underground by the application of a modified ventilation control technique. It is based primarily on a better understanding of the behaviour of open fires, proper diagnosis of the problem, application of judicious ventilation control techniques, and selection of suitable fire indices for assessing the status of an open fire. This methodology was used to successfully control an open fire in Surakachhar 3 and 4 incline mine Surakachhar, central India. The fire area was sealed underground and production subsequently resumed in record time. The paper discusses the behaviour of open fires, particulars of the mine, diagnosis of the problem, experimentation methods, and the results obtained.

Jan 1, 2014

By Keet B. A, Waid J. S

The Gippsland Basin is one of Australia's most important producers of petroleum products. An inevitable byproduct of the production, refinement and transport of the millions of barrels of oil is thousands of tonnes of waste. These wastes are generated from the wellhead through to the petrol bowser and range from oily brines and coal tars to oil and petrol contaminated soils. The vast majority of these wastes are of a relatively low toxicity and most importantly are carbon-based and biodegradable. Current disposal practices tend to ignore the latter characteristic and inappropriate and/or expensive waste disposal solutions such as landfilling (tipping), incineration or ocean outfalls are the result. A very cost effective and environmentally friendly alternative is land treatment of such wastes. Landfarming, as it is called, has been successfully practiced in Europe for over a decade. Essential features of the system are: ò Application of a predetermined quantity of biodegradable waste in liquid, sludge or highly contaminated soil form, to pre-ploughed soil with concurrent addition of nutrients (N, P and trace elements) and lime to encourage bacterial activity. ò Harmless bacteria already present within the soil break down the carbon-based compounds into carbon dioxide, water and waste heat, WHILE concurrently generating new cells. The breakdown occurs over a period of weeks to months and continues with time with the extremely low levels of the more difficult waste types being the last to disappear. ò Further waste is applied to the soil at regular intervals. The treatment area may be dedicated to landfarming or may be used alternatively for agricultural purposes. Application rates vary but may be as high as 800 tonnes per hectare per year for wastes such as refinery sludges.

Jan 1, 1992

By R. Miller

Lowering our globe’s emissions is a major effort as we move toward a future net-zero carbon environment requiring significant investment in a new, low-carbon infrastructure, along with key market incentives to change. Industry will play a key part in this transformation, requiring expertise in both energy and emissions. Key elements of the de-carbonization strategy are: energy data, emissions reporting method, governance, de-carbonization project generation and drivers, the MACC, electrification, and the de-carbonization checklist. For a zero carbon future, it will be key for business leaders to understand decarbonization, anticipate technological changes, and implement new business me

Mar 2, 2022

By Robert M. Miller, Judy Milligan

A computerized "Decision Support System" was used to evaluate an "Underground Platform Approach to Oil Recovery". Over a billion calculations were required to model the mine layouts; learning curves for shaft, tunnel, and well drilling scenarios; detailed cost, schedule, and resource data; complex oil production and material balance data; varying reservoir parameters; and complex oil pricing curves. Simplified "optimum" solutions were defined in terms of muck hoisting capacity, barrels of oil per day, and present worth. Complex "optimum" solutions were defined in terms of minimal exposure scenarios during development followed by shortest time to full production.

Jan 1, 1987

By S H. Begg

There is strong evidence that many major oil and gas (O&G) projects are plagued by large cost and schedule overruns, or significant underperformance in productivity. Similar evidence exists for large mining projects. This paper claims that uncertainty is the underlying reason why projects fail to deliver the metrics used to justify their investment, or to deliver the economic value possible if alternative decisions had been made.Most technical and economic analyses are performed to reduce uncertainty to help make decisions. Decision-making is about ranking alternatives and choosing the best; rarely are precise predictions required, if this is even possible. Better uncertainty assessment is one of the keys to better decisions, thus better business outcomes. To get better decisions it is suggested that the focus or reward/penalty incentives be shifted away from the quality of outcomes to the quality of decisions. High-quality decisions are those that are generated from the skilled use of the tools, methodologies and processes from the discipline of decision analysis.Uncertainty is quantified by probability, which is a degree of belief in the truth/falsity of some proposition about a quantity relevant to a decision, such as volume of in-place resource, future price or action of a competitor. The probability a person ascribes to a proposition depends upon their information set; hence probability is subjective – it is not an inherent attribute of the quantity of interest or the physical system.The above simple observations have profound implications for modelling approaches, how they deal with uncertainty, the use of data to help assess uncertainty and the reliability of information provided by subject-matter experts. The limited circumstances under which frequency data (from spatial or temporal variables) can be used to assign probabilities is also reviewed.People, in general, are subject to a range of biases and cognitive errors. Research with O&G subject-matter experts shows that their expertise offers little or no protection from making errors in probability assessments and other judgements.CITATION:Begg, S H, 2016. Decisions, decisions – uncertainty, variability, modelling and psychology, in Proceedings Seventh International Conference and Exhibition on Mass Mining (MassMin 2016), pp 9–18 (The Australasian Institute of Mining and Metallurgy: Melbourne).

May 9, 2016

The common theme of these four objectives is declaration. Declaration tells the compiler that an entity exists and also provides the name and nature of the entity. Since everything you create has to be declared, you must know how to declare correctly and be able to make appropriate use of all the declaration tools available to you. This objective recognizes the importance of declaration by requiring you to know everything about Java declarations Write code that declares, constructs, and initializes arrays of any base type using any of the permitted forms both for declaration and for initialization. This objective addresses your understanding of all aspects of arrays. Arrays are the simplest possible data collection and are supported by all modern programming languages. However, Java?s arrays are different from those in other languages, especially C and C++, because they are actually exotic objects. This objective recognizes the importance of being able to make use of all the functionality of arrays. You will be expected to know how to declare, construct, and initialize arrays.

May 1, 2011

By T. Mahlangu Mahlangu, T. Fungene, K. C. Sole

"Although oxygen is widely employed as the oxidant of choice in gold leaching by cyanide, its low aqueous solubility presents some drawbacks in practical application; hydrogen peroxide has therefore been considered as a possible alternative. The aim of this investigation was to study the catalytic decomposition of hydrogen peroxide, which generates an oxidizing intermediate species, and to understand its effect on cyanide destruction. Operating conditions that facilitated the effective decomposition of hydrogen peroxide were established by varying the pH and catalyst type and concentration. The oxidizing intermediate, detected using an indirect technique, was found to be the hydroxyl radical (OH?). OH? is commonly generated in acidic solutions, but this work demonstrated that it is also produced at the alkaline pH values necessary for cyanide gold leaching. The effects of free and complexed iron and copper catalysts on the oxidation and consumption of hydrogen peroxide and cyanide were also investigated. It was shown that the cyano complexes of Fe(II) and Cu(I) are also effective as decomposition catalysts. Hydrogen peroxide concentrations above 0.01 M decreased the free cyanide concentration, which was attributed to the probable formation of the cyanate anion (CNO-). Although cyanide consumption increased due to its oxidation in the presence of OH?, excessive cyanide consumption in the presence of copper was attributed primarily to its complexation by the unstable copper(I) cyanide species. Rate constants for the decompositions of H2O2 and cyanide by ferrocyanide and copper cyanide were calculated; the latter was identified as being a better catalyst. IntroductionLeaching of gold from its ores using cyanide has been employed for well over a century (Habashi, 2016). Addition of cyanide converts the gold into a cyanide complex (Au(CN)2 -) that is soluble in water (Wang and Forssberg, 1990). The leaching reaction can be represented as Equation [1]:"

Dec 1, 2018

By Halvor Dalaker, Pål Tetlie

The decomposition of methane has been studied experimentally in contact with various oxides at elevated temperatures. For each oxide, the temperature at which the cracking starts has been determined. No correlation was found to exist between the temperature for the onset of cracking for a given oxide and the affinity for carbon of the oxide's metallic component. In terms of potential for using methane as a reducing agent, calculations are presented that indicate that the suitability of an oxide for such reduction depends on the desired methane+oxide reaction being more energetically favourable than the methane+methane=ethylene/acetylene reactions.

Jan 1, 2014

By Simón Díaz-Quezada, HUMBERTO ESTAY

The heap leaching process has been widely used for recovering different metals since its first application at the end of the 1960s. In Chile, copper production via heap leaching has accounted for between 30 and 40% of annual copper production over the past 10 years. This level of production has been achieved through and supported by the use of a mathematical relation, known as the leaching ratio (LR) or irrigation ratio (IR), which relates operational parameters with metal extraction in a heap leaching operation. This ratio has been used to develop leaching column tests, to scale up results from the laboratory to industrial operations, to design new heap leaching plants, and in metallurgical control and production estimation. In spite of the widespread industrial use of this relation, few scientific studies mention it. This is due to its simplicity and basic theoretical foundations. This disparity between industrial practice and scientific research could lead to operational decisions which lack substantial theoretical support, and to scientific studies which have limited industrial impact. Against this background, several questions arise about the use of the LR: What are the constraints on the use of the LR? Are there practical advantages with respect to reported kinetic models? What is the main reason that industry prefers the use of the LR over kinetic models, which enjoy greater theoretical support? In order to guide its future use, this paper describes the leaching ratio and its current uses and limitations, through a literature review and case studies.

May 2, 2020

By B. McFadzean, M. Tadie, T. Dzingai, M. Becker

Ores from a single deposit may exhibit extensive variability in their mineralogy and texture. The ability to quantify this variability and link it to mineral processing performance is one of the primary goals of process mineralogy. This study focuses on the effect of alteration in three platinum group element ore samples from the Great Dyke in Zimbabwe – two of which were more pristine compared to the third, which was locally classified as ‘oxidized’ ore. These ores are known to be characterized by varying degrees of alteration, resulting in numerous challenges in flotation and affecting both grade and recovery. Alteration, by near-surface oxidation, of the valuable base metal sulphides and platinum group minerals resulted in lower flotation recoveries of Cu, Ni, Pt, and Pd. Evidence of incipient oxidation was more readily observed in the base metal sulphide assemblage than the platinum group mineral assemblage, even though the loss in recovery (because of oxidation) was most significant for Pd. Alteration through hydration resulted in a significant increase in mass pull and dilution of concentrate grade through the inadvertent recovery of naturally floating gangue comprising composite orthopyroxene and talc particles. In this study, the amount of naturally floating gangue was more strongly correlated with the talc grain size distribution than the grade of talc in the flotation feed. The oxidation and hydration alteration reactions are not necessarily mutually exclusive, although one may be more dominant than the other, giving rise to ore variability.

Sep 1, 2021

By B McFadzean, N P. Lima, D A. Deglon

The reverse flotation of Itabirite iron ore is typically performed after a desliming step in which most of the sub-10 µm particles are removed. This is done to limit processing problems such as poor flotation recovery of SiO2 due to slime coatings and increased slurry viscosities, unmanageable froths and increased losses of hematite particles due to entrainment. However, the rejection of ultrafine particles contributes to large losses in iron recovery and may contribute to the instability of tailings dams. The aim of this study is to decouple the effects of ultrafine particles in the pulp and froth phases to better understand the processing capabilities of the fines fraction. The flotation test work was performed in a special-purpose continuously operated laboratory flotation cell that has a deep froth section to simulate plant-scale froth conditions. Five conditions of fines addition were investigated at three different froth heights and a solids concentration of 50 per cent. The behaviour of the pulp and the froth were decoupled using froth stability and froth recovery tests. This showed that, even though there is an exponential increase in froth stability at increasing fines quantities, the performance of the pulp has the overriding effect on the overall SiO2 recovery. Pulp zone, froth zone and overall SiO2 recoveries showed that overall recoveries increased by about 3.6 per cent for every 1 per cent decrease in fines content. This meant a large increase of 20 per cent in SiO2 recovery when going from undeslimed to deslimed feed. This was driven largely by increases in the pulp zone recoveries, which were about 4 per cent for every 1 per cent decrease in fines content. The froth recoveries, on the other hand, decreased by between 0.75 per cent and 2.5 per cent for every 1 per cent decrease in fines content, depending on froth height. This paper explores further insights into iron ore flotation processing at different slimes concentrations.

Aug 24, 2022

By R. D. Brown

In view of the many changes which have taken place since 1950 in the rules of the Income Tax Act concerning the deduction of exploration and development expenses, many corporate taxpayers each year face the tedious task of determining which particular rules their unclaimed exploration and development expenses are subject to and in what sequence these expenses are to be claimed. Recent amendments to the Act have cleared up some of the mystery of the "ordering" of these deductions. This article examines the sequence in which various categories of exploration and development expenses are to be deducted in accordance with the terms of the Act as amended by Bill C-11.

Jan 1, 1978

By Wu Jie Mei, Li Yao Liang, Franz-Werner Gerressen, Arthur Bi

Diaphragm walls (D-walls) are known as underground structural elements commonly used for retention systems and permanent foundation elements. In addition, they are also quite often used as deep groundwater barriers, called Cut-Off-Walls (COW). Shanghai ranks third among the most densely populated metropolises in the world. In 1990, only eight million people lived there. Today, Shanghai has about25 million inhabitants. The increasing demand to accommodate the infrastructure of growing megacities like Shanghai pushes the required depth for subway, sewage and foundation projects to the limit. Future projects will demand excavation depths of more than 100 m (328 ft) on a regular basis. Already carried out reference projects will be described and a general outlook for upcoming projects will be given. The paper also explains the installation process in general focusing on the use of trench cutter technology. INTRODUCTION D- walls are known as underground structural elements, commonly used as retention systems for excavation pits and shafts as well as permanent foundation walls or elements. It is anticipated that, with the increasing trend of utilizing more and more underground space to accommodate environmental considerations and urban/suburban development, there will be an increasing requirement for diaphragm wall usage in even more difficult conditions and with increasing depth. The trench cutter is the most important tool for performing this work. The hydraulic grab, a well-known and valuable excavation tool for d-walls reaches its limits in terms of depth and when cutting rock. Therefore the trench cutter technology will be in the focus of this paper. The trench cutter itself is a reverse circulation excavation tool. It consists of a heavy steel frame with two drive gears attached to its bottom end, which rotates in opposite direction around the horizontal axis. Cutter wheels are mounted onto the drive gears. As they rotate, the soil beneath the cutter wheels is continuously broken up, removed, mixed with the bentonite slurry in the trench and moved towards the opening of the suction box of the pump? A centrifugal pump located right above the cutter wheels conveys the slurry via a hose system up to a desanding plant. There the slurry loaded with soil and rock particles is cleaned and returned into the trench.

Jan 1, 2018

By Z. G. Lin

In Xian, China, compaction by means of soil (or lime-soil) piles is one of the effective methods widely used for densifying loess and eliminating its collapsibility. However, as a result of groundwater table rising, it is no longer applicable in many areas. This paper is the summary of the first-time use in Xian of sand-gravel compaction piles aimed at densifying the miscellaneous fill (already partially under water) and saturated loess at a certain project site. In-situ tests, conducted before and after the treatment and including several kinds of penetration tests backed up and confirmed by a set of plate loading tests, yielded very satisfactory results, strongly testifying to the viability of the method.

Jan 1, 2010

By Keith A. Heasley, Frank E. Chase, Christopher Mark

Deep cover retreat mining (overburden in excess of 750 ft) is an important emerging issue which will intensify in the future as the more easily mined shallow seam reserves are depleted. Analysis of Mine Safety and Health Administration (MSHA) statistics indicates that deep cover pillar recovery accounts for a disproportionate share of the underground coal mine roof/rib fall fatalities and injuries. Past research has shown that previously recommended Analysis of Retreat Mining Pillar Stability (ARMPS) stability factors (SF’s) may be excessive for deep cover pillar design. The objectives of this study were to evaluate the various methods and strategies by which panels, production pillars and barrier pillars are developed and extracted under deep cover, and to develop appropriate design guidelines. In the course of the research, 29 mines in 7 states were investigated to collect panel design case histories. At each mine site, underground geotechnical data were collected on the pillar line in order to document roof rock, coalbed and floor conditions. The analyses indicated that squeezes were the most likely failure mode where the depth was less than 1,250 ft, but bumps predominated in the deeper cover cases. Immediate roof rock quality, the ARMPS SF’s, and barrier pillar stability factors were all found to be important parameters in determining the outcomes of the case histories. Design guidelines, including suggestions for barrier pillars to isolate active panels from nearby gobs in bump prone ground, are also proposed.

By Wolf-R. Under

For improvement of urban traffic infrastructure, the City of Amsterdam is cur­rently constructing the 9.5 km long North-South Metro line passing through the central districts of Amsterdam. Focal section of the project is the Central Station linking the NS Line with the Central Railway Station, the East Metro line, new bus and tramway terminals, ferries and individual traffic. Construction works required for the project are of high complexity and technical standards. They are executed under severe restrictions concerning programming, space, logistics, and impact on the integrity of existing buildings and structures as all existing installations and facilities have to maintain fully operational during the construction period. The paper deals with the main geotechnical features of the project and in particular with the diaphragm wall and bored pile construction at the Voor-plein and the De Ruijterkade sections of the Central Station.

Jan 1, 2006

By B. H. Moore

Foundation and excavation problems associated with lock construction projects vary widely. Each lock requires a different foundation to respond to a unique geologic setting. The range of heights and founding materials are illustrated thru description of selected structures encountered in the United States. Examples range from 113-ft high John Day Lock on the Columbia River founded on basalt rock to the 17-ft high Lock No. 5 on the Arkansas River floated on a clay foundation. A description of the basic elements of design and construction is presented. Several case histories involving lock design and construction are assessed to aid in recognition of potential problem areas on forthcoming construction. In the past decade there have been many improvements in construction materials and techniques. The application of these new approaches to lock construction is discussed.

Jan 1, 2010

By Zia Zafir

Design of the deep foundations for the loads imposed by lateral spread include the estimate of the pressure applied by the liquefied material as well as amount of anticipated displacement. In the absence of a non-liquefiable cover over a liquefiable layer, it is possible to design the foundation system just for the additional pressure applied by the flow slides. On the other hand, if a non-liquefiable layer exists above the liquefied zone, the foundation should be designed for anticipated movements. To completely account for liquefaction and/or lateral spread and their interaction with the deep foundation system, a coupled soil-structure interaction (SSI) analysis should be performed. However, a complete SSI analysis may not be feasible for most of the projects. This paper will present recent advances in analysis techniques and simplified methods to design deep foundations for liquefaction and lateral spreading. In addition, a case history of the Rancho California Bridge in southern California located within 1 km of the active Elsinore fault will be presented. One of the bridge abutments is underlain by potentially liquefiable layers. The pressure applied by the liquefiable layer was estimated to be greater than the shear capacity of the 36-inch CIDH piles designed for the abutment. However, with limited ground improvement and more careful analyses incorporating structural effects of CIDH piles, resulting design and construction resulted in a factor of safety greater than 1 against slope failure. The recommended approach was generally consistent with the recently published, and AASHTO sponsored, NCHRP 12-49 project regarding seismic design guidelines for new bridges and the effects of seismic displacements against bridge foundations.

Jan 1, 2006

By Douglas C. Brunot

Mabey Inc. is providing for the shoring design for the Naples bay Center project, located in Naples, FL. The excavation is approximately 374' long by 164' wide and is 27'-8" deep at the shoring line with a groundwater level six feet below present grade. The project Excavation is for a multi-use facility for residential and retail with underground parking. The shoring design will be incorporated into the foundation walls for the building. Mabey is using its pre-engineered Super Powerbrace Plus (SPP) wales and Mega Struts to support the excavation in two phases. The system design and the design of all the pre-engineered components are by Mabey. The foundation is supported on drilled shafts arranged with the building column grid. The excavation will be completed in two phases to allow for equipment mobilization and operation on a site with limited access. The construction sequence will begin with placement of the drilled shafts. The drilled shafts will also serve as the building columns. After the drilled shafts have cured, 630 AZ24-700 x 45 ft. long sheet piles will be installed. The sheets will be arranged in two phases, divided by a center row of piles. Since de-watering in south Florida is very expensive and often downright impossible prior to placing the seal slab, all the initial foundation and excavation bracing work will be completed with groundwater in situ. The entire excavation will be excavated to 5 ft. below ground surface to allow for the installation of the wale support brackets at 12 ft. on center, welded to the sheet piles. After the support brackets are installed, the SPP hydraulic wales and the Mega Strut hydraulic braces may be installed for both phases. Once the frames and struts are in place, Phase 1 excavation is completed, followed by Phase 2 excavation. The 4-ft. thick seal slab is then placed and cured in the wet. De-watering is now possible with the seal slab in place. Once the excavation is de-watered the leveling slab is placed and cured. The center row of sheet piles is then cut off at the top of leveling slab. With the leveling slab cured, the sheet piles have enough strength to support the excavation without the frames and struts near the ground surface. The permanent sheet piles are then seal welded for water proofing and the foundation walls are cast with the sheet piles. The design is modelled in 3D using REVIT to ensure accuracy of the design. The earth pressures are developed using Coulomb theory as there is a top frame and the frame and sheet pile are flexible and move to develop an active pressure wedge. Earth pressure uniform loads and loads from predicted surcharge are modeled in STAAD to determine load effects on the SPP frames and Mega Struts. Coulomb theory and Mabey’s structural model will be tested through monitoring with Mabey’s LIVEPin system. LIVEPin will be placed in struts for each phase of construction. The LIVEPin results will be calibrated with the structural model to determine actual frames forces and will also determine the actual earth pressures applied to the system from surrounding soil. Mabey has used the LIVEPin system in similar applications and this has helped us determine modelling accuracy.

Jan 1, 2018