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Valuers will often intuitively express the probability that property value will exceed a certain amount . . . 'I think the chances that the value will exceed $50 million are excellent. The chances that they will exceed $80 million are poor'. This paper shows how it is possible to combine the uncertainties of the value of several key items to provide an estimate of the probability of a certain overall value being achieved. The valuation of a large copper/gold deposit was naturally influenced by uncertainties in the base assumptions of costs and metal prices. Potential acquisition of the property through share purchase raised the issue of what was a reasonable intrinsic value for the shares. Market considerations could be used to appropriately adjust the intrinsic value. After a range of possible metal prices and operating costs were determined, estimates were made of their probable distributions. By combining these probabilities in a random selection, a range of property values was calculated. Each value had its respective probability of occurrence. This allowed a most likely value of shares to be calculated. This paper demonstrates how the valuer's intuition is complemented by numerical analysis.

Jan 1, 1994

By Derek V. Ellis

A stepwise implementation of seven criteria for screening the physical, chemical and environmental suitability of submarine tailing disposal (STD) at coastal mines is presented. It is expected that similar criteria would be relevant to future deepwater mining. A reconnaissance level study of four preliminary criteria: mine location; coastal bathymetry; feasible outfall locations; and potential for chemical contamination can support or eliminate the prospects for STD. If supportive, detailed, and far more time-consuming hence costly surveys of: environmental background information including oceanography and waste discharge characteristics; projected impacts on other resource uses plus regulatory and community concerns will be essential for environmental protection and to secure the necessary approvals. This review of STD systems on which the proposed screening criteria were based was undertaken by a Cooperative Agreement of the U.S. Bureau of Mines, Alaska Field Operations Center with the University of British Columbia.

Jan 1, 1994

By Deepak Malhotra

Following a severe recession in the early 1980's, mining companies have taken significant steps to improve metallurgy and reduce operating costs. They do not view chemical reagents and the long-term relationship with reagent producers the same way they did two decades ago. This paper discusses the general perspective of changes that have taken place over the years, especially with respect to cost of production, selling price and environmental constraints. A cooperative program between the consumers and producers of chemical reagents is recommended to understand each other's problems and identify the present and future needs of the mining industry. This approach will be beneficial to the long-term survival of both parties.

Jan 1, 1994

By M. P. Hoffman

The U.S. Bureau of Mines is developing a roof bolter with a computer-controlled drill head that will increase the safety of roof bolting in underground coal mines by allowing miners to be relocated to a safe area. To ensure secure anchorage, acceleration and strain data are broadcast from an instrumented drill steel to a data acquisition system. These data are analyzed, correlated, and transformed to pro-vide information about roof strata, then are sent to a supervisory computer executing National Institute of Standards and Technology's real-time control software. The supervisory computer sends setpoint commands to proportional-integral-derivative control loops to control drill thrust, position, revolutions per minute, and torque.

Jan 1, 1994

By L. D. Smith

"The economic evaluation of a mineral project requires a great deal of diverse information to be brought together in one place. The greatest concern is that there will be an error by omission, so it is useful to have a detailed list of what one needs to know in order to make a thorough evaluation. The list that is presented below is intended to act as a checklist for the person who develops and reviews an evaluation, and as a shopping list for the persons gathering data at the project site.There are varying degrees of detail required at the different stages of evaluation in a project, from the ""quick and dirty"" overview, to the pre-feasibility study, to a full detailed feasibility study, to a due diligence review. This list addresses most of the economic variables in a project and can be used for all levels of studies. Its purpose is to identify a variable or issue and to raise a question, which the reviewer can then pursue in more detail using increasingly more comprehensive checklists for each topic. While developed from the point of view of a new project, this list is equally valid for an ongoing operation."

Jan 1, 1994

By S. J. Ristorcelli

Historically, geologic data has not been adequately considered in resource estimation. More recently, with the use of computers and sophisticated estimation algorithms and geostatistical justifications, geology has been downplayed further. Many reasons are given for not using geology including cost, time and irrelevance. None are valid. Boundaries defining mineral domains should be used in computer-generated resource estimates. Selected case histories show how the failure to honor geology has caused discrepancies in resource estimates of actual in-place resources. After-the-fact differences have included decreases in tonnage of up to 50% and increases up to 300%; partial to complete recategorization of material; and 50% decreases in grade. The costs of gathering and using geology are trivial compared to the potential consequences.

Jan 1, 1994

By N. A. Barcza

DC plasma-arc technology using a hollow graphite electrode (cathode) has been successfully implemented in the primary metallurgical industry in South Africa up to the 30 MW scale. Mintek has applied its expertise base, established over the past fifteen years, to testing the treatment of metallurgical wastes such as carbon- and stainless-steel plant dusts, lead- and zinc-containing slags, and residues from the base-metal industry. Favourable results have been achieved, and disposable products were produced. The evaluation of numerous wastes indicates that recovery of zinc as metal gives the best economic return from these sources. Direct recovery via a splash condenser or electrolytic zinc extraction from fume are the two preferred alternatives under review. In both instances dehalogenation is an important issue, but can be achieved by suitable treatment processes. The Enviroplas technology provides a flexible, commercially viable approach to the treatment of a wide variety of wastes. Mintek, together with its associate Pyromet CC, are installing a plasma- arc pilot-plant facility with both an ISP lead-splash condenser of about 5 t/d condensed zinc capacity and a combustion chamber to burn zinc vapour to zinc oxide. This will demonstrate the suitability of the Enviroplas technology for treating specific metallurgical wastes, so that customized industrial plants can be engineered based on large-scale testwork.

Jan 1, 1994

This report on the Venezuelan coal industry is the seventh in a series of studies on coal exporting countries requested by the House Appropriations Committee, The committee asked that the basic differences in mining costs for U.S, and foreign mines be identified, especially those costs incurred in complying with health, safety, and environmental regulations.1 Basic costs in extracting raw coal are analyzed in this report for surface operations, This report also provides a limited analysis of the relative market competitiveness of selected Venezuelan and U,S. steam coal mines in three electric utility markets: New England and the east coast of Florida in the United States, and western Europe. Although some Venezuelan coal has coking characteristics, all coal-producing regions of Venezuela sell coal in steam markets.

Jan 1, 1994

By I. Gaballah

The chalcopyrite ore's anodic and cathodic electrodissolution are studied using a Porous Pulsed Percolated Electrode (3PE) reactor. Stationary solid electrode experiments are also performed to explore the mechanism of electrochemical dissolution of chalcopyrite. Experiments with a low - grade natural ore have been carried out at 25 "C in solutions containing 1 M NaCl and 1 M HCl. Galvanostatic and potentiostatic conditions are employed. The influences of current and potential on selectivity of the chalcopyrite ore dissolution are assessed. Anodic oxidation of this ore leads to a preferential dissolution of iron bearing minerals, whereas cathodic reduction is more selective with respect to chalcopyrite. However, in both cases the electrochemical dissolution is incomplete and the current efficiency is low. Design of the actual reactor has to be modified to increase the bed conductivity and to allow continuous experimentations.

Jan 1, 1994

By Ivette E. Torres

Many significant events that began in 1990-91 continued to have a profound impact in the world minerals economy in 1992. The dissolution of the U.S.S.R. and the formal breakup of the Council for Mutual Economic Assistance (CMEA) had significant effects far beyond the geographic boundaries of Europe and Central Eurasia. CMEA's network of economic interdependence had relied on central planning, a variety of subsidies, and barter agreements that allowed its members to function without the pressures of productivity and efficiency. In the mineral sector, many decisions had been made based on the need for military planning and technology competition with the market economy world. Because of inexpensive oil available through subsidies and technology assistance from the former U.S.S.R., industries III CMEA member countries had been able to function and maintain production to supply minerals and materials required to support the policies of the central plan. In 1992, most of the former CMEA countries decreased their output of many minerals. In some cases, the network of production that had been in place was severed. Political and economic instability, destruction of infrastructure, and new priorities were affecting other mineral industries in the area. In late 1991, 15 independent countries replaced the U.S.S.R. and in early 1991 the former CMEA countries found themselves trying to adjust to the realities of economic independence and the need to compete with former allies for survival. Although 11 of the 15 former Soviet republics joined in the Commonwealth of Independent States (CIS) in December 1991, in 1992, individual economic needs exceeded the needs of the Commonwealth III importance. As a result, new mineral trade patterns emerged as minerals were used as a source of much needed capital.

Jan 1, 1994

By Henry E. Hilliard

The production, use, and emission of vanadium in the United States has been traced for the year 1991. Consumption was 3,300 tons2, exports 1,285 tons, and imports 2,013 tons. About 98% of production was used in metallurgy; the remainder was consumed in chemicals, including catalysts. Total emissions to the environment in 1991 were estimated at about 3,100 tons, including emissions due to the combustion of coal and petroleum products. Emissions resulting from the production of ferrovanadium were 130 tons, and emissions from the production of steel about 6 tons. Dissipative losses, defined as losses that occurred during use or as a result of wear, were estimated to be no more than 3 tons. Disposal losses were estimated to be about 4,600 tons. Most of these losses were steel products that contained 0.1% or less vanadium and mayor may not have been recycled. When these products are recycled by the steel industry, vanadium ends up in the steelmaking slag and does not return to vanadium use cycle. Worldwide emissions due to anthropogenic and natural sources were briefly reviewed. It was concluded that industrial emissions were about three times greater than emissions from natural sources.

Jan 1, 1994

By H. Hahn, B. H. Kear, K. Kan, S. C. Danforth, G. Skandan, W. Chang

"A new chemical synthetic process for the production of non-agglomeratednano structured ceramic (n-ceramic) powders, starting from metalorganic precursors, is described. The process combines rapid thermal decomposition of a precursor/carrier gas stream in a hot tubular reactor with rapid condensation of the product particle species on a cold substrate. Critical to the success of this Chemical Vapor Condensation (CVC) process are (1) a low concentration of precursor compound in the carrier gas, (2) rapid expansion of the gas stream through an uniformly heated tubular reactor under a reduced inert gas pressure of 1-35 mbar, and (3) rapid quenching of the gas phase nucleated clusters or nanoparticles as they exit from the reactor tube. A wide variety of metal organic precursors is available commercially, all of which can be utilized in the CVC process to produce n-ceramic powders, including single phase, multiphase and multicomponent systems.The CVC process has been used to synthesize non-agglomerated n-SiCxNy and n-ZrOxCy powders, with controlled particle size in the range 2-20 nm. Heat treatment of the assynthesized n-powders in various high purity gas streams causes compositional and structural modifications, including particle purification and crystallization, as well as transformation to a whisker-like morphology. Thus, as-synthesized amorphous n-SiCxNy particles transform to (1) cubic n-SiC particles, when heated in flowing argon at temperatures> 1350 °C, (2) hexagonal n-Si3N4 whiskers, when heated in flowing NH3IH2 at 1400 °C, and (3) cubic nSiC whiskers, when heated in flowing H2 at 1400 °C.Non-agglomerated n-ceramic powders form uniformly dense powder compacts by cold pressing, which can be sintered to theoretical density at temperatures as low as 0.5 Tm' For example, full densification ofn-Zr02 powder compacts under free sintering conditions can be achieved at 1125 °C."

Jan 1, 1994

By Rieniets S, Somerville J. L

In Morwell Open Cut brown coal mine, the overburden 'firehole' materials which have resulted from ancient coal fires vary-from hard baked clays to firm laminated lacustrine clays. The need to pre-strip designated areas to reduce the slope height and attain safe digging conditions for the bucket wheel excavator operation is now accepted practice at the open cut mine. In this study, the inherent spatial variability of undrained shear strength of the clay materials has been incorporated in a visco plastic, finite element based, probabilistic slope stability analysis. Data on the costs of initial pre-stripping, excavation and slope failure are collected to provide an economic basis for the optimisation of the design of the overburden batters in Morwell Open Cut. This improved stability modelling is enabling costly pre-stripping to be minimised while ensuring acceptable slope stability conditions and minimising the risk to personnel and plant.

Jan 1, 1994

By R. D. Miller, L. Schulte, J. Davenport, D. W. Steeples

Shallow seismic reflection methods were successfully used to delineate the subsurface extent of roof failure associated with the dissolution mining of a 120-m (400 ft) deep and 60-m (200ft) thick salt bed in central Kansas. Surface subsidence at North American Salt's Hutchinson, KS, salt-dissolution well field represents a potential risk to surface structures and transportation facilities. Three intersecting common depth point (CDP) seismic reflection profiles, targeting the subsurface around an actively subsiding sinkhole, possess sufficient resolution to delineate the horizontal and vertical extent of subsurface rock failure associated with the subsidence. The three seismic profiles showed a disturbed subsurface area 90 to 105 m-diam (300 to 350 ft-diam) at a depth of between 60 to 75 m (200 ft and 250 ft). Confirmation drilling verified the interpretation of the seismic data. The seismic reflection method has the potential to resolve disturbed subsurface areas greater than 23 m-diam (75 ft-diam) at this site.

Jan 1, 1994

By P. W. A. Walker

"The Riviera tungsten occurrence in the Cape Province of South Africa was discovered in October 1979 as a result of stream-sediment panned concentrate sampling. The Cape age granite and late Precambrian Malmesbury Group carbonates and chlorite schists which it intrudes and which host the mineralization are covered by between 10 m and 30 m of Tertiary/Recent alluvium and clay. The scheelite/powellite and molybdenite mineralization occurs in a greisenized granite cupola with an overprint of porphyry-type alteration as well as in minor skarns. The ore reserve is estimated to be 46 million tonnes at an average grade of 0.216% W03 and 0.020070 Mo. The deposit is uneconomic at current tungsten prices. IntroductionDuring the 19705, Union Carbide Corporation was a major producer, processor and supplier of tungsten and derivative products to end-user manufacturing industries. The corporation owned and operated two tungsten mines in the United States, and one in Brazil, and operated a plant in the United States which produced ammonium paratungstate (APT) which is an intermediate product in the production of tungsten wire and tungsten carbide for cutting tool insets and hard facings. In 1975 the three mines were ageing with short-life reserves and high production costs. The world market for tungsten was buoyant and prices, in constant dollar terms, had risen steadily over the past 15 years (Fig. 1).It was against this background that a decision was made to explore for tungsten in North America, South Mrica, Australia and Brazil."

Jan 1, 1994

By B. Kolonja

This paper considers simulation of truck dispatching system designs using maximum expected production of the truck-shovel system as the measure of performance. Two methods are utilized, multiple comparisons with the best (MCB) and the combination of MCB and the variance reduction technique known as common random numbers (CRN). These two techniques are compared via simulation experiments. The results show that the combined procedure of MCB with CRN is the superior tool to reduce the total number of replications needed to ensure the specified probability of correct selection over the finite number of designing systems. In this case study, MCB with CRN reduces the variance by 29% and the number of required replications by 48%. Also, the MCB with CRN procedure narrowed the confidence interval by 18%.

Jan 1, 1994

By Milan Lj. Stamatovic

The hydrometallurgical recovery of zinc from recycled blast furnace dust from a steel plant (Smederevo Metallurgical Company, Yugoslavia) was investigated. The dust contained 22% Fe, 17% Zn and 0.2% Pb. X-Ray diffractometry showed that the main components were hematite and magnetite, in combination with zinc oxide. Individual particles were generally spherical and ranged in size from 10 to 150 microns; 63% were less than 33 microns in diameter. An effective hydrometallurgical approach proved to be by caustic leaching and electrowinning. Recovery of zinc in the form of zinc powder was over 90%; this material can be used for the cementation of impurities in the conventional hydrometallurgical process for zinc production.

Jan 1, 1994

By J. E. Brownhill

After being closed for three years, Specialty Minerals Inc.'s Port Inland limestone facility reopened in the spring of 1992 as a commercial limestone producer. In 1990, Specialty Minerals, a division of Pfizer Inc., bought Port Inland's reserves and equipment from Inland Steel because of the strategic value of the limestone for the production of precipitated calcium carbonate (PCC). Specialty Minerals' project team faced many challenges in reconstructing the Port Inland facility. Many traditions and norms had to be overturned to achieve the productivity, flexibility and cost necessary to survive in today's competitive minerals environment. Port Inland's history Inland Steel built Port Inland in 1930. It was operated as a captive source of metallurgical grade limestone for the steel industry until its closure in 1989. The facility is located in the Upper Pen¬insula of Michigan on the north edge of Lake Michigan. Operations consist of a deep water port facility with crushing, screening and stockpile storage for 453 kt (500,000 st) of finished product at the port. Ninety-nine percent of the stone is shipped by lake boat to ports within the Great Lakes. The operation is unique in that both metallurgical dolomite and limestone are produced on site.

Jan 1, 1994

By Greaves M. C, Amos M. D

A study was made of the instrumentation and technique of atomic absorption spectroscopy developed by Walsh of the Commonwealth Scientific and Industrial Research Organisation (CSIRO), Australia.The method was evaluated for the determination of silver in lead sulphide concentrate. The precision of the procedure developed is equal to that of the uncorrected fire assay method and the accuracy is greater.Brief mention is made of the use of this technique for the determination of silver and other elements in ores and concentrator products.

Jan 1, 1994

By Edward P. Hagarty

The Hazardous and Solid Waste Amendments (HSWA) of 1984 added Subtitle I to the Resource Conservation and Recovery Act (RCRA), authorizing the Environmental Protection Agency (EPA) to develop and implement a new regulatory program for Underground Storage Tanks (USTs) containing petroleum and other regulated substances. Technical standards required for release detection, prevention, and correction as necessary to protect human health and the environment were promulgated as described in 53 Federal Register 37082 (September 23, 1988). Virginia State Regulations (VR 680- 13-02) and U.S. Army Regulations require that a Corrective Action Plan and a Site Clearance Report be prepared to explain the details of remediation of any contaminated media. Construction of new buildings is proposed in two different areas at Fort Myer in Arlington, Virginia, where USTs containing gasoline, diesel and heating oil were located. Tightness testing performed on these USTs in September 1991 indicated that some of the tanks were leaking. Many of the tanks were removed for permanent closure. Initial Abatement (excavation of contaminated soil) was &ed out immediately. A detailed Site Characterization Study which included Hydropunch", field screening using immunoassay, and pilot test - dual phase (water and soil gas) extraction was conducted. Environmental media were analyzed for volatiles, semi-volatiles and metals. A detailed risk analysis (RA) was performed to determine risk-based clean up levels for benzene, toluene, ethylbenzene, xylenes (BTEX); polycyclic aromatic hydrocarbons (PAHs); and methyl-tertiary butyl ether (MTBE). The RA also discussed the presence of lead in the soil. Before constructing any buildings in these contaminated areas, remediation must be conducted in accordance with the State, Federal and other applicable regulations. The remedial alternatives evaluated included Vapor Enhanced Groundwater Extraction, Soil Vacuum Extraction, Soil Washing, Soil Steaming, Active and Passive Ventilation SolidificationlStabilization, Vapor Barrier Construction, and Excavation with Off-site Disposal. This paper discusses: (a) delineation of soil contamination @) risk analysis (c) evaluation of remedial alternatives and selection of the most appropriate technology and (d) consideration of various regulatory issues.

Jan 1, 1994