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By I. A. Ettlinger

DEPRECIATION allowances have become firmly rooted in our income tax structure both by legislation and by court decisions. Secretary of the Treasury Morgenthau has recently stated before the Ways and Means Committee of the House: A taxpayer who did not provide for depreciation of assets used in his business could not long remain in business and the income tax should be levied on the assumption that he will provide for such depreciation. The 1934 Revenue Act has now been enacted, the depreciation provisions of the 1932 Revenue Act having been carried forward without change. However, there has arisen, in connection with the preparation of this new Revenue Act, a determination by the Treasury Department to make certain changes in the future administration of the depreciation allowances that will affect all corporations, and mining companies in particular.

Jan 1, 1934

INTRODUCTION The meaning of cash flow has already been defined as after-tax earnings available for use by the corporation or business. It is therefore apparent that a significant part of mineral economic evaluation is concerned with correct and accurate computation of taxable income under existing tax laws, and the proper treatment of tax allowances and deductions. The various methods of depreciation, depletion, and amortization are all means whereby the investor can earn back or recover, before taxes are imposed, the investments made for purposes of doing business or for the production of income. Each of these three types of tax deduction are applied to different investment items such as property, equipment, buildings, research, etc. The cost of buildings, equipment, machinery, and transportation equipment are representative of capitalized business costs that must be recovered by depreciation over the life of the asset. The property investment costs of acquiring natural resources such as minerals, oil and gas, and standing timber are examples of investment costs that may be recovered by depletion. Several other capitalized business costs, such as research expenses and trademark expenses, may be recovered by amortization. The term "capitalized" means that the in- vestment cost is not deducted as an operating expense in the year that it is incurred, but is spread out over a period of years through depreciation, depletion, or amortization deductions according to lawful schedules. Of course, any capitalized cost can only be deducted once. The other costs of doing business which are not capitalized, such as labor and operating costs, are said to be "expensed," i.e., they are written off for tax purposes in the year they occur. DEPRECIATION Depreciation, according to US tax law, is a deduction from taxable income permitted as a "reasonable allowance for the exhaustion, wear and tear of property out of its use or employment in a business." The original cost of the property is the usual basis for determining depreciation. Since depreciation write-off is applied over the useful life of the asset, the first step is to determine the estimated useful life or its allowable depreciable life. These two lives may or may not be the same. No average life is applicable to all types of depreciable assets under different conditions or in different types of business. It is the taxpayer's responsibility to determine the useful life of the asset according to his own operating conditions and experience, within the guidelines set by the US Internal Revenue Service (IRS). The Class Life Depreciation Range (ADR) System permits the taxpayer to choose from a range of depreciable lives at 20% below or above the present guideline life. The second step required in calculating depreciation is to determine an estimated salvage value for the asset. The salvage value is an estimate, made at the time of acquisition, of the amount of money which can be realized by the sale of the asset at the end of its useful life. The four depreciation methods most widely used in the US are: (1) the straight-line method, (2) the declining balance method (double declining balance), (3) sum of the years - digits method, and (4) units of production method. Straight-Line Depreciation Method The straight-line depreciation method is the simplest for calculating depreciation. The depreciation for each year is determined by subtracting the estimated salvage value from the first cost of the asset and dividing the result by the years of life. The method gives equal annual deduction over the depreciable life. Salvage value equal to or less than 10% of the first cost may be ignored. [first cost - salvage Straight line = years of life ] Declining Balance Depreciation Method Declining balance depreciation, or double declining balance (DDB) as most frequently applied, is used for accelerating depreciation in the early years of the asset and is the fastest depreciation method allowed by the US Internal Revenue Service. The declining balance

Jan 1, 1980

By V. Ciribeni, R. J. Ferretti, C. de Arrieta, E. E. Rossi

The relationship between collector concentration and the solution pH at which flotation occurs is discussed for different minerals. When flotation results are plotted as log of the concentration against pH, the values define areas of total, partial or no flotation. The experiments were performed in three different conditions: a) floating with the same solution used for conditioning; b) floating with water at the same pH as the conditioning solution; and c) floating with water at pH = 7. In each case, the results obtained are quite different. It is suggested that the presence of a second layer of collector reduces flotation over some domains in the graphs. These domains are called depression areas.

Jan 1, 1992

By Shinnosuke U, Zhang HE, Qian X

In this paper it is recommended that pyrite is to be separated as froth from arsenopyrite by selective depression of arsenopyrite in strong alkaline medium (1), by oxidation with chlorinated lime (II), by co-use of chlorinated lime with sodium carbonate (III), and by modification with `L' reagent (know-how) without filtering to get rid of residual copper ions after Cu activation (IV). The corresponding principles of these (new) effective methods were briefly discussed. The artificial mixture (1:1) of pyrite and arsenopyrite could be successfully separated, and concentrates of pyrite containing 2.12 per cent (I), 7.00 per cent (II), 2.60 per cent (III) and 3.16 per cent (IV) arsenic with recovery of 90.9 per cent (1), 89.5 per cent (II), 89.0 per cent (III) and 81.4 per cent (IV) respectively can be obtained by only one flotation. Some effective precautions were suggested to improve the separation of arsenopyrite and pyrite (or other sulphides) by flotation.

Jan 1, 1993

By S. Usui, I. Matsuoka, H. Sasaki, J. Shimoiizaka

Depression of galena by sulfite or chromate ion in xanthate flotation was investigated by means of adsorption measurements, electron diffraction and flotation tests. Flotation of galena was depressed by sulfite ion only when galena had been oxidized; no depression took place with unoxidized clean galena. A similar behavior was found when chromate ion was used as a depressant, with the exception that the chromate ion depressed unoxidized clean galena around neutral pH. Depression was attained with galena on which xanthate still remained in appreciable amounts, indicating that the depression is not due to a decrease in xanthate adsorption. The galena surface produced sparingly soluble films under conditions in which depression of galena took place. These films were identified by electron diffraction as lead sulfite and lead chromate on oxidized galena and as chromic oxide on unoxidized clean galena. These observations in conjunction with contact angle measurements, indicate that the depressing action of sulfite or chromate ion arises primarily from film deposition resulting from the reaction between depressants and the galena surface. The thickness of the film was analyzed by means of electrochemical polarization.

Jan 1, 1976

By N Kreutzman, A Moilanen, V Palosaari

Carboxymethyl cellulose, CMC, is widely used in mineral processing as a flotation depressant, mainly for the depression of carbonate and talcaceous gangue in the flotation of Cu-Ni sulfide and PGM ores. Although CMC is a common depressant that can be used in the flotation of different ores, understanding of the interaction mechanisms between CMC and mineral particles in different flotation circuits and different pulp conditions is still limited. Electrokinetic measurements, microflotation and laboratory-scale flotation tests were carried out to optimise the action of CMC depressants in the flotation of a PGM ore. Standard and new CMC brands produced and characterised by Noviant were used in the study. Pure talc and chlorite minerals and a low-grade PGM ore composite were used as test materials. A laboratory flotation test evaluation was performed using the recovery-grade relationship and double value index (DVI) calculation to estimate the effects of both valuable and harmful components on the product value. Solution conditions play an important role in the depression of gangue minerals such as talc. The most favourable conditions for MgO depression were found to be mildly acidic in which conditions the electrostatic repulsion between the CMC molecule and talc is minimised. Similar effects were obtained with electrolytes that affect the conformation of the CMC molecule and the mineral surfaces. In addition to the control of chemical conditions in the pulp, CMC molecules were modified to optimise structural variables. The new CMC brands developed in this work showed significant potential to improve flotation performance, particularly when pulp conditions are controlled.

Jan 1, 2005

By S. Castro, L. Uribe

Seawater can be considered as a particular process water with a high concentration of NaCl (about 0.5- 0.6 mole/L) and high concentration of hydrolyzing metal cations (mainly, Mg2+ and Ca2+ ions). Micro-flotation tests, induction time measurements, and zeta potential measurements have been used to investigate the effect of these ions on the natural floatability of molybdenite. The results demonstrate that molybdenite is strongly depressed in the alkaline pH range over which hydrolysis products of Mg2+ and Ca2+ ions are formed. At pH 10, colloidal magnesium hydroxide seems to be responsible for molybdenite depression in seawater and in Mg2+ solutions. This is also supported by the measurements of the effect of Mg2+ ions on the zeta potential of molybdenite. The mechanism of depression of molybdenite with Ca2+ ions is different, and depression takes place in the pH range were Ca(OH)+ complexes are formed, below the pH of precipitation of calcium hydroxide. Adsorption of the cationic hydroxy species and/or hetero-coagulation of the positive charged colloidal hydroxide on the negative charged molybdenite particles seem to be the main mechanisms involved.

Jan 1, 2014

By S. Castro

Molybdenite flotation is strongly depressed at pH higher than 9.5 in the flotation of Cu-Mo ores in sea water. Chemically sea water contains mainly Na+ and Cl- ions, but also some secondary ions, such as SO42-, Mg2+; Ca2+, HCO3-; etc., which are not necessarily indifferent for the flotation of molybdenite. The natural floatability of molybdenite in sea water and in NaCl solutions containing different secondary ions is investigated by micro-flotation tests. The tests indicate that the floatability of molybdenite in alkaline media in 0.6 M NaCl solutions is not affected by the presence of anions, such as, SO42- and HCO3-, at concentrations similar to those occurring in sea water. However, a strong depression of molybdenite at pH ranging from 9.5-10.0, is produced by the alkaline earth metal cations (Ca2+ and Mg2+ ions), dissolved in distilled water or in 0.6M NaCl solutions. It was found that effect of Mg2+ions is significantly stronger than Ca2+ ions. Effect of both ions is attributed to hydrolysis and adsorption of MOH+ hydroxy-complexes. This is followed by subsequent precipitation of hydrophilic colloidal hydroxides at the molybdenite/solution interface, and in bulk solution.

Sep 1, 2012

By Leopoldo Gutierrez, Sergio Castro, Lina M. Uribe, Janusz S. Laskowski

"The effect of sulfite and metabisulfite ions on the amyl xanthate flotation of copper-activated pyrite, in distilled water and seawater, has been studied by micro-flotation tests and redox potential measurements. The activation of pyrite was carried out varying copper ions concentration. It was found that in the presence of copper ions in solution, sulfite and metabisulfite are able to depress copper-activated pyrite at neutral or slightly acid pH. After the addition of sulfite or metabisulfite ions the resulting pH is more acidic with metabisulfite ions. A significant increase of the redox potential of the solution was observed as copper ions concentration increased. Then, the initial reducing conditions brought about by sulfite and metabisulfite ions, change abruptly to oxidizing conditions in the presence of copper ions. Under these oxidizing conditions, the metabisulfite showed to be an effective depressant for pyrite mainly in seawater. However, sulfite was a pyrite depressant in both distilled water and seawater. Based on these results, the pyrite depression by sulfoxy-depressants during the flotation of Cu/Mo ores in distilled water and seawater is discussed.INTRODUCTIONDepression of pyrite by sulfoxy-depressants (sulfite and metabisulfite) in the presence of copper ions is an important issue. This is particularly true when pyrite depression in the flotation of Cu/Mo sulfide ores is carried out in seawater. The use of lime in seawater must be avoided because the formation of magnesium hydroxy-complexes and precipitating magnesium hydroxide strongly depresses molybdenite flotation (Castro et al., 2014). In order to solve this problem, one large plant in Chile uses sodium metabisulfite (MBS) instead of lime to depress pyrite in seawater. In plant practice, this also improves molybdenite flotation since with the use of MBS the pyrite depression is carried out at pH 6-7, instead the pH 11-12 usually employed with lime.From a general point of view, pyrite exhibits some natural floatability over acidic pH ranges and may be partially floated without thiol collectors (a coating of sulfur/polysulfides has been claimed). Therefore, pyrite flotation with xanthates is usually high in the acidic pH region, but decreases greatly at alkaline pH (Leppinen, 1990; Fornasiero and Ralston, 1992; Zhang et al., 1997)."

Jan 1, 2016

By S. K. Kawatra, T. C. Eisele

Microorganisms, such as the bacteria Thiobacillus ferrooxidans, have been reported to depress pyrite flotation (Elzeky and Attia, 1987; Atkins, 1990). However, the depen¬dence of the depression on the type of organism or on suspension pH is still being determined. In this study, the relative effectiveness of various microorganisms (chemolithotrophic bacteria, chemoorganotrophic bacteria and yeast) over the pH range of 2 to 12 was studied. Screen¬ing tests using microflotation showed that every microorgan¬ism tested was capable of depressing naturally hydrophobic pyrite at acidic pH. Larger-scale experiments with both mineral pyrite and coal pyrite using Thiobacillus ferrooxidans and Saccharomyces cerevisiae as depressants, showed that these microorganisms are very effective depressants for mineral pyrite at acid pH, but they are largely ineffective at neutral and alkaline pH, where the mineral pyrite surface is not naturally hydrophobic. The flotation response of the coal pyrite was completely different from the mineral pyrite. The coal pyrite was most floatable near neutral pH, with the floatability decreasing in acidic or alkaline solutions. De¬pression of the coal pyrite by yeast was not selective between the pyrite and the associated coal under the experimental conditions.

Jan 1, 2000

By Yongjun Peng, Yufan Mu, Rolf A. Lauten

"Chalcopyrite, a major source of copper, is commonly found associated with iron sulfides, particularly pyrite. The separation of chalcopyrite and pyrite by flotation is difficult due to the galvanic interactions between pyrite and chalcopyrite during grinding and flotation. Galvanic interactions may cause oxidation and dissolution of chalcopyrite, copper activation of pyrite and the formation of hydrophilic iron hydroxide coating. The overall effect may change the floatability of the components and lead to the misplacement of pyrite into chalcopyrite concentrate. The objective of this study was to investigate the effect of lignosulfonate-based biopolymers on the depression of pyrite in the flotation of chalcopyrite with xanthate as collector and the mechanism responsible for the selective depression of pyrite. The flotation results showed that biopolymers depressed the flotation of both copper-activated pyrite and chalcopyrite in single mineral flotation although to different extents. In the flotation of mixed mineral systems, biopolymers significantly depressed pyrite flotation but had a less influence on chalcopyrite flotation. The selective depression of pyrite by biopolymers was due to the preferential adsorption of biopolymers on copper-activated pyrite surface. Galvanic interactions between pyrite and chalcopyrite surfaces promoted copper activation on pyrite. Presence of cuprous ions on pyrite surface favored biopolymer adsorption by the formation of a complex between the cuprous ions and biopolymer molecules. The same galvanic interactions also facilitated chalcopyrite oxidation leading to the formation of hydrophobic polysulfide that enhanced the hydrophobicity on chalcopyrite surface. The biopolymer structure controlled the depression effect. The results showed that the biodegradable biopolymers are promising depressants for pyrite.INTRODUCTIONCopper sulfide minerals, such as chalcopyrite (CuFeS2), bornite (Cu5FeS4), chalcocite (Cu2S) and covellite (CuS), are the major mineral source for copper. They are often found finely interlocked with iron sulfides, especially pyrite (FeS2) (Owusu, Brito e Abreu, Skinner, Addai-Mensah, & Zanin, 2014). Pyrite, as the most abundant sulfide mineral, is perceived as gangue in most cases and should be removed from the associated sulfides to minimize its contamination of the copper concentrate (Owusu, Addai-Mensah, Fornasiero, & Zanin, 2013; Wang & Forssberg, 1991). The commonly used strategy to remove pyrite is flotation (Wang & Forssberg, 1991)."

Jan 1, 2016

By Saul J. Escalera

Mechanisms involved in the depression of the sulfides: pyrite, chalcopyrite, galena and sphalerite with potassium permanganate have been investigated. Flotation tests were conducted using potassium amyl xanthate, Z-6, and pine oil in the absence and presence of potassium permanganate at around pH = 6. 5 naturally yielded by the sulfides in the pulp. On the basis of crystal chemistry considerations, the amount of xanthate adsorbed by the sulfides depends on the amount of sulfur and metal ions present on the surface; thus, the avidity of the sulfides for xanthate should increase in the order: sphalerite C chalcopyrite 4 galena 4 pyrite, and the ease of depression response to the permanganate action should be in the same order. Depression of the sulfides in the system occurs primarily due to the removal of the collector ions by the permanganate ions to form manganese dioxide and dixanthogen according to the reaction: 3 M(RX)2 + 2 Mn04 + 4 H20 2 ? MnO2 + 3(RX-XR) + 3 M+2 8OH where M represents the metal ion, RX the xanthate ion and (RX-XR) the dixanthogen molecule. Results seem to indicate that the permanganate ions play a triple role in the system: (1) they convert xanthate ions into dixanthogen, (2) they further oxidize the mineral surface and (3) if present in excess, they may oxidize the xanthate beyond the dixanthogen stage with the formation of CO2, H20 and SO4. All sulfides, except for chalcopyrite, showed a depression response in the order predicted regardless of the order of addition of xanthate and permanganate reagents. Chalcopyrite did not depress as easily; this behavior may be due to the avidity of the colloidal MnO2 to adsorb Cu+2 ions on its surface, this would destabilize the colloid making it coalesce with the formation of a layer of precipitated MnO2 on the surface of the mineral. The presence of this layer would prevent further action of the permanganate ions on chalcopyrite.

Jan 1, 1970

By Paul M. Tyler

MARKETWISE the year 1935 was rather a good one for most of the rare and minor metals; as a class they climbed out of the depression much faster than the common metals. The diamond market, too, was better than it had been for years, attributable only in part to investment buying, as there was a genuine pick-up in consumer demand. Wars and rumors of war tended to speed up purchases of certain metals, but consumption for peaceful purposes was the principal factor. Significant was the important role played by new industrial uses. New discoveries during the year were disappointingly few, considering the broad extent of this research frontier. Scientific developments were far from being at a stand-still, of course, but the dominant note was the cashing in on research consummated in former years. With even a moderate upturn in general business a surprising number of laboratory ideas donned overalls and found jobs in industry.

Jan 1, 1936

By David R. Hargis

Large-scale groundwater withdrawals are necessary to depressurize a confined aquifer system allowing the dry open-pit mining of the overlying phosphate ore. The extent of the existing and planned groundwater development led to the establishment by the State of North Carolina of Capacity Use Area No. l. Groundwater use in the Capacity Use Area is regulated by a permitting system. A two-dimensional finite-difference ground- water flow model was developed for North Carolina Phosphate Corporation. The aim of the model is to aid the Corporation in matters relating to permitting by serving as a predictive tool. The model can be used to project regional water level impacts resulting from various scenarios of depressurization pumping.

Jan 1, 1983

By Geoff Beale

In terms of their hydrogeology, most open pit mines can be divided into three categories. There are mines that occur above the water table, mines that extend below the water table in high permeability rocks and mines that extend below the water table in low permeability, tight formations. Mines that occur above the water table do not experience major ground water seepage. It may some- times be necessary to construct in-pit trenches and sumps to remove water from precipitation. But dewatering or enhanced drainage measures are typically not required. Open pits that extend below the water table in high permeability rocks find it cost-effective to pump from dewatering wells. This is done to lower the water table below the working pit floors, creating dry or depressurized conditions in advance of mining. If the rocks in the mining area are homogenous, complete drainage of the entire mining area may be achievable by pumping from wells. In this case, it is not necessary to consider drain- age enhancement. However, there are many open pits and excava- [ ] tions that can lower the water table using conventional wells, but for which drainage enhancement is also an integral part of the dewatering system. The Sleeper Mine in Nevada is an example of this. Hydraulic layering at Sleeper has prevented downward drainage of water as the main water table is lowered. In addition, there are many mines that have areas of low permeability wall rocks that do not freely drain as the surrounding water table is lowered. Ground water seepage also creates difficulties in mines that occur below the water table but for which lowering of the water table using conventional wells is not feasible because of the overall low permeability of the rocks. The volumes of water involved may be small. However, it is necessary to deal with all of the water inside the pit as mining proceeds. It is not possible to dissipate pore pressures in the wall rocks in advance of excavation.

Jan 1, 1997

Room-and-pillar mining at White Pine started in 1953 from a sub-outcropping orebody that gently dips to 1000 m depths in a distance of about 6 km. High horizontal stresses were recognized in the mid-1960s which had obvious stability impacts when viewed in combination with the increased overburden stresses. Modifications in conventional room-and-pillar design were introduced through the years on a trial-and-error basis to help overcome stability and resource recovery problems. These modifications were based on pressure arch concepts using pillar yielding and/or pillar recovery, and on mine layout orientation to minimize stress impacts. While some of these modifications were successfully applied in some areas, they failed in others. Through the years, visual observations played a major role in panel design with contributions from stress measurements and analyses. However, the down slide in the copper economy during the 1970s and early 1980s resulted in a loss of interest in the application of these concepts. This paper reviews ground control problems and presents the results of recent stress measurements and computer analyses. They shed light on the importance of using yield pillars and mine layout orientation to control stresses at depth.

Jan 1, 1993

By R. L. Loofbourow

The objectives of this report are (1) to indicate what is known of natural rock temperatures as deep as 5000 ft below the surface, (2) to indicate methods for estimating such temperatures in localities where directly measured temperatures are un- available, and (3) to outline as far as possible, areas in the 48 states within which rock temperatures are likely to be low and high. The usual object of temperature measurements in deep mines and wells is to learn the temperature of air or another circulating medium. This usually differs significantly from the undisturbed rock temperature. The subject is complicated further by the variety of the thermal properties and structures of rock masses, the migration of fluids within them, the diversity of the history of rock masses and of the processes which have been at work on them during that history.

Jan 1, 1966

By Harold M. Mooney

RESISTIVITY measurements for determining depth to bedrock, water table, and other geo- logic discontinuities have had only limited success. Many of the difficulties can be attributed to complex geology and to basic limitations of the method; current flow through a continuous medium is a diffusion phenomenon, emphasizing irregularities near the source and smoothing out those at a distance. Some of the failures, however, are due to careless field work and incompetent interpretation. A forthcoming publication1 may help to reduce difficulties of this sort. The writer here attempts to bring order into the multiplicity of interpretation methods and, to a limited extent, to evaluate them. For all methods, the field data to be interpreted consist of apparent resistivity values plotted against electrode separation, Fig. 1. The interpretation should give depths to one or more geologic horizons. Direct currents and the Werner four-electrode configuration will be assumed, since these are widely used, although the interpretation problems remain essentially the same for other electrode configurations. Alternating currents higher than, say, 20 cycles per second introduce complications beyond the scope of this paper.

Jan 9, 1954

The Martha deposit is an economic giant epithermal gold deposit, with mined and unmined resources of more than 218 000 kg (7 Moz) Au. The Au-Ag, base metal sulphide-bearing quartz lodes in the Martha deposit form an extensive braided pattern within hydrothermally altered andesite wall rock. There are five main quartz lodes: 1.      Martha, 2.      Welcome, 3.      Edward, 4.      Empire, and 5.      Royal.   Information from historic mine plans and reports has been used to determine the depth distribution of economic ore within the Martha deposit. Economic ore (average of 10 g/t Au) in the Martha underground mine was at a maximum width and strike length between a vertical depth of 160 and 350 m. Below this depth the quartz-sulphide lodes continue, but the grade declined to sub-economic grades (< 4g/t Au) at about 575 m depth and economic ore shoots were localised, mainly on the hangingwall side of the lodes. Samples from exploration drill holes indicate that this decrease is associated with a depth zonation from electrum-bearing Zn-Pb-Cu-Ag sulphide ore (average 10 g/t Au) to sub-economic (< 2 g/t Au) electrum-poor Zn-Pb sulphide mineralisation.

Jan 1, 2006

By Bengt H. Fellenius

An upgrading and straightening of a highway included building a bridge across a small river. A routine site investigation was initiated to determine the conditions for designing the foundation of the bridge. The proposed bridge was a two-lane highway bridge in one span with a total length of 30 m (100 ft), as indicated in Fig. 1. It was to be placed about 20 m (66 ft) upstreams of the bridge for the existing highway. The site investigation included one boring at each abutment with soil sampling and in-situ vane testing and placed about halfway up the slope from the small river at ground surface elevation + 54 m. Within the investigated maximum depth of 40 m (130 ft), the soils at both borehole locations consisted of a thin clay crust over a thick deposit of soft sensitive clay with a natural water content of about 70 % and a liquid limit of about 60. The undrained shear strength below the crust was about 20 KPa (400 psf) and increased slightly with depth. The sensitivity was high, about 40.

Jan 1, 1987