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By M. M. Hajdasinski

"Any study in the field of theoretical investment analysis, or practical project evaluation, must be based on the assumption of one of the commonly applied models of time and value representation, and the corresponding interest convention. The lack of clear assumptions in this regard may easily confuse both the author of the study and the reader, and sometimes even lead to inaccurate results.In the first part of this paper formal definitions of the continuous and discrete models of time and value representation are introduced; in the second part, the importance of transparent assumptions is shown using a concrete example of inflation calculation in project evaluation.IntroductionIn his recent paper, L.D. Smith(10) discusses an important aspect of mine investment analysis: inflation in project evaluation. His interesting presentation of current practices of handling inflation by Canadian and international mining companies in their feasibility studies ends, in the conclusions, with a call for clear assumptions made when evaluating mining projects.With this call, an important issue has been addressed. The lack of clearly stated assumptions, or their incompleteness, are relatively frequent with regard to the interest convention or the model of time and value representation assumed when evaluating mining projects. It is, for example, fairly common that the quantitative evaluation of a project is performed according to the discrete model of time and value representation and the discrete interest convention, and the graphical presentation, supporting this evaluation, reflects the continuous model.Sometimes such an ambivalency means nothing more than just a formal inconsistency; there are cases , however, that may well lead to a serious confusion and /or to inaccurate results . Before this can be demonstrated on a specific example, a concise description of the models of time and value representation used in the evaluation of industrial projects seems to be in order. Although these models (especially the discrete one) have been in common use in the research and practice of financial analysis for considerable period of time, they have been applied rather intuitively, and their forma] definitions are difficult to find even in the standard textbooks on Engineering Economy."

Jan 1, 1990

By Michael Hood

High-volume, low-pressure water jets have been employed for erosion of loosely consolidated rocks for centuries. This excavation method finds application in specialized circumstances even today. The use of high-pressure, low-volume water jets for rock cutting is more recent and was made possible by the development of high-pressure water pumps. Despite the benefits often claimed for these systems, high-pressure water jets still have not found widespread application. In this report, the U.S. Bureau of Mines has reviewed the various methods that have been employed using water jets to break rock and has focused on one method, termed "jet-assisted cutting," which was determined to be the closest to commercial development. The current state of knowledge based on laboratory and field experiences using this cutting method is reviewed, and possible future developments for this approach to excavation are assessed.

Jan 1, 1990

By G. R. Heffernan

"In the early 1970ssteelmakers worldwide were looking forward to many years of expansion and profitability. Huge government investments in Europe, the United Kingdom, Japan, Brazil, and Venezuela were committed in anticipation of growing market s based on long-term OECD forecasts. In 1973 the first OPEC oil shock occurred. Steel demand shrank. Restructuring became the buzz word of the day as billions of dollars in taxpayers' money was poured into eliminating excess capacity and labour. In the United States, where government help was not available, inefficient companies went bankrupt; capacity was cut to 100 million tons from 155 million tons. The industry throughout the industrialized world shrank. By 1979the world economy seemed back on track and a modest degree of optimism could be detected in the international steel fraternity. Then came the second oil shock. By 1982 the industry was in the midst of another shakeout. More bankruptcies, more rationalization, and fewer jobs resulted. In Canada some well-known companies came close to the brink as low prices and high interest rates took their toll. In the light of the turmoil in the steel market over the past 20 years an attempt to forecast the trends through to 2001 is intimidating.However, there are good reasons to be optimistic today about both markets and technology.An economic super power is emerging in western Europe as 1992 draws near. The creation of a single market of 320 million well educated and economically ambitious people has major positive implications for steel demand. The mega projects of the channel tunnel, a European network of high speed railways, and the London docklands are the forerunners of greater things. Still to come is another $200 to $300 billion by the year 2001 in identifiable major projects for highways, railways, airports, water and sewage systems. Add to that the demands of an increasingly affluent population for automobiles, appliances and housing. On top of all that place large increasing demands for electric power and you have a potential beyond anything seen during the 1970s and 1980s. In 1988 the EEC steel industry operated at 90% and in 1989 at 92% of effective capacity. A surge in spot prices indicated that 92% was close to the ceiling. This pace moderated in early 1990 but any slack will probably be taken up rather quickly."

Jan 1, 1990

Laboratory experiments have been used tostudy a wide range of convective processes which are significant for the formation of rocks and the ores that form in them. Metal-rich solutions flowing through the sea floor produce 'black smoker' chimneys; both the size and structure of a solid chimney and the height to which the plume of effluent rises above it can be predicted using model experiments. Analogues of processes in solidifying magmas can also be studied using crystallizing aqueous solutions. The release of lighter or denser residual fluid as crystallization proceeds, and the resulting compositional convection, have a vital influence on the differentiation of initially homogeneous magma and on the evolution of stratified magma chambers. Mixing during the replenishment of magma chambers, and its dependence on the rate of filling and on the fluid properties, have also been studied on the laboratory scale. Experiments carried out in different geometries have been applied here to the formation of platinum and chromite ores and komatiite lavas. Larger-scale mantle convection, in particular the motion of subducting plates and plumes rising from the core-mantle boundary, also determine the tectonic settings in which ore bodies form. These phenomena too can be usefully investigated in laboratory experiments using very viscous fluids.

Jan 1, 1990

A good blasting result is largely achieved by putting the right amount of explosive in the right place and firing it in the right sequence. The best blast design in the world will not break the rock if the planned blast layout is not achieved in the field. One of the critical inputs into a blast design is the diameter of the blasthole. An assumption that the actual blasthole diameter is equal to the nominal drill bit size is generally made. However, a small deviation in the actual hole diameter from that assumed will have a dramatic effect on the hole's volume and, consequently, where the explosive is placed in the blasthole. Any discrepancy in actual blasthole volume from that assumed will be reflected in 'overloading' or 'underloading' of the blasthole with the calculated explosive quantity and, thus, reflect in explosive distribution and stemming lengths. When loading to a 'collar' in an oversized hole extra explosive will be used, resulting in higher than planned powder factors and explosive costs. A blasthole diameter assumed from a nominal drill bit size is an incorrect assumption. This paper will present some actual blasthole diameter measurements illustrating the variation in hole diameters seen in the field and proposes a practical method for achieving a useful blasthole diameter measurement.

Jan 1, 1990

By Campbell R

The use of a 35mm non-metric SLR camera and an analytical plotter to prepare close range photogrammetric (CRP) plans of a quarry and open pit mine face is described. The plans, at scales ranging from 1:5 -1:1 000, were used to measure the orientation of geological structures and failure surfaces in the exposed faces.Details are provided on the equipment used and the field techniques. The method:ò is quick and relatively cheap to perform,ò allows the accurate orientation of specific geological features to be determined,ò provides survey results of suitable accuracy that may be used for detailed geotechnical analyses of pit wall failures,ò shows great potential as a rapid and accurate technique for monitoring changes in pit wall profiles with time.

Jan 1, 1990

By Jack S. McPartland, Gene E. McClelland

It is advisable, for any heap leach project, to develop an historical metallurgical data base to predict production heap performance before ore is mined and placed onto the heap. A data base would include results from: interval assays, cyanide solubility tests, and bottle roll tests on exploration drill cuttings samples; and those results plus column leach test data on diamond drill core or bulk ore composites. Subsequent larger scale heap leach test data can then be compared to the historical data base, to blast hole composite data during mining, and eventually to production data. This paper does not discuss metallurgical comparisons between assays, cyanide solubility tests, and bottle roll tests on exploration drill cuttings samples, but does discuss metallurgical comparisons from bottle roll tests, laboratory scale column leach tests, and pilot scale heap leach tests on core and bulk ore samples with operating data for three U.S. commercially producing heap leach operations. Provided that representative core or bulk samples are used for evaluation, heap leach test results accurately predict or understate the success of the commercial operation and remove most of the uncertainty from the investment decision.

Jan 1, 1990

By K. P. V. Lei

The U.S. Bureau of Mines investigated a hydrothermal sulfidation procedure to recover lead and silver from plumbojarosite. The plumbojarosite, generated during pressure-oxidative leaching of zinc concentrate in a commercial operation, contained, in percent, 25.4 pb, 18.8 Fe, 1.4 Zn, 29.5 SO,2-, 3.2 s?, 13.4 total sulfur, and 7.4 oz/ton Ag. The sulfidation was conducted in an autoclave and converted the plumbojarosite to amorphous iron oxide and liberated the lead and silver as sulfides. The best operating conditions were using 50 9 of plumbojarosite and 7 pct s? (2.04 9 S? added) in 500 mL of 2.0 mol/L NH3, 150? C, and 1 h. The sulfidation product contained, in percent, 37 Pb, 28 Fe, 6 S2-, 2 SO,2-, and 11.2 oz/st Ag. Ferric chloride leaching extracted 98 pct Pb and 97 pct Ag from the sulfidation product.

Jan 1, 1990

By Z. Y. Hu

This paper reviews the past and presents the present state of industrial minerals in China. The resources, reserve and production of major non-metallic minerals are given. The mining and milling operations are reviewed. The future development and plans of Chinese non-metallic minerals industry are summarized.

Jan 1, 1990

By R. L. Pearson

The 1987-88 Denver Brown Cloud Study was performed to determine the sources of the particle cloud which forms over Denver each winter. The study was organized under the leadership of Colorado Governor Roy Romer , EPA Region VIII and the Greater Denver Chamber of Commerce. The study was sponsored by over 40 organizations representing governmental agencies, the natural gas industry, the coal industry, utilities, oil companies, railroads, the motor vehicle industry, and other Denver area companies and organizations. The cost of the study was $1.5 million which was raised almost entirely from private sources. The study team was headed by Dr. John Watson of the Desert Research Institute of the University of Nevada. Dr. Watson is a recognized expert in conducting studies of this type.

Jan 1, 1990

By Daniel W. H. Su

Surface subsidence induced by multiple-panel coal extraction was calculated with finite element stress analysis. The use of nonlinear material behavior and GAP elements, which provide a realistic representation of shearing along existing planes of weakness, allows the finite element program to accurately reproduce observed subsidence profiles. A reduction factor of 1/6 is applied to the measured rock strength and modulus for use in the finite element model. The models satisfactorily predict a significant change in maximum subsidence and subsidence profile associated with an increase from subcritical to near critical panel width. Modeled shearing along planes of weakness is in good agreement with available time domain reflectometry field observations and is demon¬strated to have a very profound effect on the maximum subsidence and the shape of the subsidence profile. When both material nonlinearity and planes of weakness are incorporated, the finite element model appears to possess great potential for accurately predicting surface subsidence and subsurface strata deformation in environments where little subsidence information is available.

Jan 1, 1990

By Nar S. Dala1, Xianglin Shi, Val Vallyathan

"Electron spin resonance (ESRJ and cytotoxicity measurements were made on newly fractured silica to examine specifically the role of the fracture-induced, silicon-based radicals (Si· and SiO·) and silica-generated hydroxyl (·OH) radicals in the mechanism of the cell membrane damage by silica. The concentration of the Si· and SiO · radicals was controlled through decay processes, thermal annealing, and boiling, while that of the ·OH radicals was varied by using catalase, superoxide dismutase, KMnO, Na;iSeO:y ascorbic acid, and metal ions, and monitored via ESR spectroscopy. The dust's cytotoxicity potential was evaluated by measuring the silica-induced hemolysis and also by determining lipid peroxidation (using linoleic acid). From the comparison of hemolysis and ESR results it is deduced that the radicals play little or no role in the silica-induced hemolysis. However, the lipid peroxidation data indicate that the radicals might be involved in the initiation of an oxidative chain reaction leading to the macrophage membrane damage through lipid peroxidation. INTRODUCTIONThe biochemical mechanism of quartz-related pneumoconiosis is still not fully understood. It is believed, nevertheless, that one event of primary importance is the perturbation of cell membranes by the dust particles (Allison et al., 1966; Allison and Harrow, 1971; Bateman et al., 1982; Parazzi et al., 1968; Reiser and Last, 1979; Shi et al., 1989; Summerton et al., 1977). The ensuing cell: membrane damage unleashes certain lytic enzymes resulting in additional cell injury and eventual fibrosis (Nolan et al., 1981; Summerton et al., 1977). Thus considerable effort is currently being made toward the understanding of the processes by which quartz particles disrupt the membrane of a red blood cell (RBC) or a pulmonary alveolar macrophage (PAM). A simple but important method of evaluating the membrane damage potential of a dust is the hemolysis test (Harington et al., 1971). Even though this test is used routinely for screening dusts for their cytotoxicity potential, the biochemical mechanisms underlying the cell lysis by many dusts, including quartz, is still controversial (Kilroe-Smith, 1974; Singh and Rahman, 1987), and this provided us the impetus for the present undertaking."

Jan 1, 1990

One of the problems associated with the maintenance of roadways in underground coal mines is that of dealing with roadway closure. Sidewall weakening technique is based on the transference of the high stress zone further away from the vicinity of roadway. This transferral is carried out by weakening parts of sidewalls of roadway by cut- ting slot, drilling a series of parallel holes or blasting during development stage. In the paper, the effect of sidewall weakening on the stability of roadway is studied by finite element analysis and field experiment. The finite element analysis shows that sidewall weakening can control the development of yield zone around a roadway, improving the stability of roadway. It is also shown that if in- situ horizontal stress is lower or higher than the in-situ vertical stress, it is difficult to obtain roadway stability by sidewall weakening. The field experiment shows that roadway closure can be controlled by sidewall weakening with blasting.

Jan 1, 1990

By Minoru Kawamora, Koichi Kurokawa, Kenji Hashimoto

We developed concentrated remote control blasting system to blasting simultaneously at a large number of sites in a mine of large scale. This system is consisted of three parts, the first part is a control station with high voltage power source units, the second part is a relay terminal with relaying and branching units, and the third part is a blasting machine with charging and discharging units. The control station is connected with the blasting machine by mean of control bus wire. The blasting machine adopts MBS(electromagnetic induction blasting system) for the reason of safety and good handling.

Jan 1, 1990

By Dirk van Zyl

Pad construction costs can impact the overall economics of heap leach projects. Pad construction costs for single-and double-lined pads, using various designs, are listed for a typical small and large project. Double-lined pads are now more often required by regulatory agencies. Unless such designs reduce the risk of site specific contamination significantly, the extra costs cannot be justified from an economical viewpoint. Specific attention is given to the short project life (typically five years) of heap leach projects. A few numerical examples are presented to demonstrate the overall economic impacts of these costs on economic parameters.

Jan 1, 1990

By K. C. Kane, D. L. Meredith, B. E. Davis, D. A. Stanley, O&apos

Computer control of the minerals beneficiation process is limited by a lack of adequate sensors to provide information on the current state of the process. Recent reduction in the cost of image acquisition and powerful inexpensive computers make use of computer vision as sensory input in process control a possibility. In the phosphate industry, the amount of apatite in phosphate tailings is estimated by inspection. For machine vision, a simple 256 x 512 color image of the tailings was captured via an inexpensive color video camera on an IBM PC. Initially, the image is converted to gray scale and displayed on an EGA color monitor. A program was written which identifies the different constituents of the sample by analyzing the gray scale levels for the digitized picture. In other instances the minerals are identified by their relative color intensities. The amount of each constituent is determined with good accuracy from the area it occupies on the image.

Jan 1, 1990

By D. C. Seidel, W. K. Tolley

Supercritical water alters the structure of common sulfide minerals by partially removing sulfur from the mineral structure. This discovery has been applied to the treatment of pyritic gold ores to improve precious metal recovery without generating or utilizing environmentally sensitive products such as S02, chlorine, or cyanide. Pretreating pyrite concentrates in supercritical water under mildly oxidizing conditions provided by certain metal oxides or oxygen improved gold leaching using thiourea. The pretreatment differs from chlorination or roast pretreatments in that elemental sulfur rather than sulfuric acid is the major product. A pyritic ore containing 58 g/mt Au was pretreated with oxygenated supercritical water at 24 MPa and 400°C, then leached with 20 g/L thiourea. With pretreatment, gold recovery was 90%; by contrast, gold recovery was below 10% without pretreatment.

Jan 1, 1990

By Chenggang W, Junhua D

Fragmentation variation laws in loading and non-loading areas are obtained by cement block model blasting experiments under various stemming lengths. A reasonable ratio between loading length and stemming length is worked out according to minimum average fragment size. The present continuous loading structure, for its very long length to be stemmed, leads to insufficient fragmentation in the upper part of bench. So a new loading structure with bottom air cushion is put forward. The author analyzes blasting effects and processes of two loading structures' and proves that there exists a optimal length of air cushion.\

Jan 1, 1990

The economic future of the Palmer Goldfield lies with both the gold mining and the tourist industries. An equitable solution to the competition between the two involves putting a dollar value on the historical evidence there for our Australian heritage.On 23 October 1986 the Queensland Government gazetted the Palmer River Reserves R16 of 16 200 hectares, in recognition of the competing land uses emerging in the region. The intention is that historically significant gold mining sites and relics will be preserved in situ with provision for continued gold exploration and mining.This paper explores and explains the administrative process of achieving a set of Management Guidelines for Rl6 within the Queensland political milieu. The result of that process is the achievement of some of the highest preservation standards in Australia, prohibiting surface disturbance of defined Category 1 sites, and no mining proposal has yet been refused approval.The Palmer Goldfield R16 experience is a major step in achieving a co-ordinated approach to both current mining and preservation of Queensland's mining heritage.

Jan 1, 1990

By R. Kola

Since more than 15 years the Waelz process at "Berzelius" in Duisburg has proved suitable for reprocessing the zinc and lead containing dust and .sludge which inevitably occur in making steel in EAF-plants. The produced Waelz-oxide is agglomerated in a hot-briquetting plant and charged to an Imperial Smelting Shaft Furnace to recover the valuable elements in form of metallic zinc and lead. In view of the actual importance of the dumping problems of the EAF wastes a description of the "Berzelius" treatment route is given but also the situation in Western Europe is illustrated. Dust from stainless steel production is successfully treated in the Scan Dust Plasma Process in order to recycle Chromium and Nickel, while the resulting Zinc-Dust is treated via the Waelz-ISF-Route. For treatment of low Zinc-containing dust, sludge and fines from integrated steelworks, pilot scale tests have been carried out successfully in the Circulating Fluid Bed in order to recover metalized iron and .zinc/lead fume. A 30,000 tpy Demonstration Plant is planned?.

Jan 1, 1990