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By Dr. O’Neil Thomas J., Donald W. Gentry

"There is nothing so disastrous as a rational investment policy in an irrational world. " John Maynard Keynes INTRODUCTION The principles of time value of money concepts were discussed and illustrated in Chapter 3. The importance of time value of money and the role it plays in the discipline of engineering economy have been well established. Chapter 9 further illustrates that project evaluation criteria that fail to consider this aspect are seriously deficient in providing appropriate capital budgeting decisions. Obviously future project receipts and expenditures must be discounted to permit valid comparisons with current cash flows. Although the concept of discounting is widely accepted, the selection of the appropriate discount rate has been the source of considerable debate and much disagreement. This chapter, then, provides an overview of the theoretical and practical considerations for determining or calculating the appropriate rate for discounting, the corporate cost of capital. Note specifically that the assumption of constant business risk among the various investment alternatives is maintained throughout this chapter. THE INTUITIVE APPROACH The fact that interest exists suggests that all money has a cost associated with its use. The cost of this money may be the result of either explicit or implicit charges or some combination of the two. Any time an individual or a firm consumes less than the total earnings generated in a given time period that individual or corporation has either consciously or unconsciously decided to "invest" these excess funds in some type of activity. For instance, the individual or corporation may decide to invest the excess funds in tangible property, place the funds in a money market account, or simply keep these funds in cash. In any case, these funds have been invested in some type of activity which promises the investor some return on the invested capital. Remembering that the firm's primary objective should be the maximization of shareholder wealth, then intuitively it seems reasonable to suggest that the firm should not invest in any project where the anticipated return does not exceed the cost of funds (capital) committed to the project. Indeed, if the firm always invests in projects having returns in excess of the cost of capital committed to them, then the wealth of the firm (as measured by the price of common stock) should be in-

Jan 1, 1984

By E. L. Corp, J. C. Johnson, W. G. Pariseau, M. Poad, M. E. Fowler

This paper describes a comprehensive geomechanics case study of a full¬scale test stope at the Carr Fork Mine. The mine is owned by Anaconda Miner¬als Company and is located near Tooele, Utah. Large diameter blast holes were used in a new method known as blast hole post-fill (BHPF). The new design proved highly successful in contrast with earlier experience with vertical crater retreat (VCR) stopes. The main geomechanics objective was the estab¬lishment of a design procedure for optimizing stope and pillar dimensions with respect to productivity and recovery. An integrated three-part approach consisting of mine measurements, laboratory testing and finite element calcu¬lations was taken. Independent correlations of 0.88 and 0.89 between calculated and measured displacements and between estimated and observed yield :ones substantiate the finite element design approach using UTAH-II. Subse¬quent stope and pillar design analyses indicate that doubling of the original stope width at 50% extraction is quite possible without sacrifice of safety or stability.

Jan 1, 1984

By J. Bigu, M. G. Grenier

"Dust size distribution and aerosol size distribution measurements have been carried out in several Canadian underground uranium mines. In addition, dust samples have been analyzed for long-lived radioactive products of the U-238 and Th-232 natural decay chains using ex-spectroscopy and -y-spectroscopy techniques.From the data collected one may summarize: (a) most airborne particulates are of size below I u-m and 50% by mass are found above 1 u-m; (b) dust clouds are bimodal; (c) preferential deposition of radon (thoron) daughters takes place on airborne particulates in the sub -micron range at about 0.1 u-m; (d) deposition of radon (thoron) daughters is proportional to particle surface area; and (e) ex-spectroscopy and -y-spectroscopy of dust samples reveals the presence of U-238, Ra-226 and some of their short-lived and long-lived decay products.IntroductionExtended inhalation of airborne radioisotopes poses a potential health problem to occupational workers. Because of this, monitoring of radiation and dust levels for dose exposure calculation purposes is not only recommended but in most cases mandatory.CANMET (Energy, Mines a nd Resources Canada) has long since been engaged in a comprehensive monitoring program aimed at determining dust concentrations in the respirable size range, aerosol concentration in the sub-micron range, and in the radioactivity associated with these particulates in underground uranium mines. Measurements have been carried-out with gravimetric dust samplers, dust size selectors (including a horizontal elutriator , a fineparticle spectrometer and Nuclepore* filters of different pore sizes) and a condensation nucleus counter(1 – 6). Inactive and active working sites have been monitored according to some typical mining operations. A summary of these data has been given elsewhere(3- 5)."

Jan 1, 1984

By B. G. D. Smart

An understanding of the nature of yield zones surrounding coal mine excavations is fundamental to the design of mine support systems. Various methods have been designed for investigation of underground rock masses and an extensometric technique, the Magnetic Rod Extensometer, has been developed to overcome inherent design limitations in existing equipment of this type. This paper refers to the prototype form of the extensometer and details changes designed to overcome a variety of drawbacks indicated by routine use of the equipment. The principal change has been one of manual to computerised data acquisition and presentation in the laboratory phase of the system. This has dramatically reduced the time taken to process underground measurements and produce numerical and graphical results. The revised Magnetic Rod Extensometer represents an integrated instrumentation system that combines speed and accuracy in all areas of data handling.

Jan 1, 1984

By M. H. Bolu

Since undergoing a major mill expansion in 1979, Canada Tungsten Mining Corporation Limited has successfully operated a somewhat unconventional rod mill/rod mill grinding circuit at its mill in Tungsten, N.W.T., Canada. The concentrator employs two rod mills in series, of unmatched size and horsepower, for production of feed to a gravity (tabling) circuit. Cyclones and screens are closed circuited with the secondary rod mill. Outlined in this paper are the rationale behind, and consequences of operation of this unusual grinding and classification configuration.

Jan 1, 1984

By Dale E. Wittmer

Nonoxide ceramic materials could substitute for high-temperature alloy steels containing imported critical and strategic materials such as cobalt, chromium, and nickel if their high-temperature properties can be improved. An important result of this substitution would be a reduction of the Nation&apos;s need for imports of critical and strategic materials. In this Bureau of Mines investigation, the primary objective was to produce high-purity u1trafine (particles <5 ~m equivalent spherical diameter (ESD)) alpha-silicon carbide (a-SiC) powders with improved high-temperature properties using the Bureau&apos;s patented turbo-milling process. A secondary objective was to determine the feasibility of using polymer mill construction materials as a means of eliminating metal contamination from the turbomill. U1trafine a-SiC powders with BET (Brunauer-Emmett-Te11er) surface areas from 30 to 35 m2/g (~0.06 ~m particle ESD) were produced in an all-polymer turbomi11. These high-purity powders (with I-pct Band I-pct C additions) hot-pressed to greater than 99 pct of their optimal density and exhibited properties commensurate with those of commercially available a-SiC. The most promising of the construction materials tested for the major wear surfaces of the turbomi11 was u1trahigh-mo1ecu1ar-weight (UHMW) polyethylene, a polymer thermoplastic.

Jan 1, 1984

By E. Wysocki

In the production of magnesium oxide, dolomitic lime and magnesium chloride are reacted to produce an intermediate product, magnesium hydroxide. Consistent product quality requires close monitoring of the soluble calcium hydroxide level during the reaction. Traditionally, this analysis has been done by manual titration; however, the product quality could improve with more frequent analysis and better control. A feedback control system was developed based on frequent automatic titrations, and reactor modelling was used to discern a control strategy. The system development and implementation are described.

Jan 1, 1984

By John L. Watson

A conceptual model (MAGSEP) is described to simulate the beneficiation characteristics of a drum magnetic separator in terms of the probability of an individual grain being recovered in the magnetic concentrate. This probability is determined as a function of particle magnetic composition and magnetic field strength and is modified by particle size and the separator operating conditions. The model predicts the size, magnetic grade and distributions of magnetic and gangue minerals in the concentrate and tailings produced by the drum separator. The configuration of the magnetic concentration circuit may be altered to permit single or double drum units in parallel or series operation. The characteristics of the feed material, in terms of a magnetic parameter, are essential in permitting the determination of individual grain recovery probabilities upon which the model is based. Thus the model requires input data relating to the distribution of composite grains in terms of magnetic grade and particle size. To illustrate the use of the conceptual model an example is given for the beneficiation of New Zealand iron sands.

Jan 1, 1984

By Jasinder S. Jaspal, Bradley J. Bourquin

Introduction Operation is underway at the Dutch Creek No. 1 mine of the first US longwall panel to be mined under the cooperative agreement between the US Bu¬reau of Mines and Mid-Continent Resources. The 244-m (800-ft) wide longwall face is part of a multilift longwall demonstration. A 3-m (10-ft) top slice is being extracted from the 8.5-m (28-ft) coal seam. This occurs in an area of the property where the Coal Basin A and Coal Basin B beds have come together to form one seam. This face, longest ever operated in the US, is being worked on an advancing longwall system. During the first months of its operation, this longwall face has been very productive and safe. Mid-Continent Resources operates two coal mines in the Coal Basin, located in the White River National Forest near Carbondale, CO. The Colorado Fuel and Iron Co. originally opened this property in 1895, and conducted a small mining operation for 10 years on the north rim of the basin and then abruptly shut down. Mid-Continent began operations in 1956, after the Coal Basin fields had lain idle for about 60 years. Operations commenced at the outcrop of the Coal Basin B bed situated at the 3-km (10,000-ft) elevation. At this time, coal was produced from Coal Basin A and Coal Basin B seams in the area. Since 1981, operations have been centralized at two mines, the Dutch Creek No. 1 and the Dutch Creek No. 2, both located in the center of the basin. Since 1981, Mid-Continent has shifted its emphasis to longwall mining as the primary method of production, and each of these mines is equipped with state-of-the-art longwalls using shields as the method of roof support. A 4-km (13,000-ft) long twin-bore rock tunnel is being driven at a lower elevation of 2.4 km (8,000 ft) to intersect the coal seams at depth, as they dip 12° in a westerly direction. This tunnel will enable the company to reduce costs by replacing trucks with conveyor belt haulage (Fig. 1). Mid-Continent began longwall operations in May 1976 with the US&apos;s first modern, mechanized advancing longwall face, using chocks. In August 1978, a second advancing longwall face was started. Results from two faces showed that the mining system could be used effectively to manage the difficult conditions encountered in both the Dutch Creek No. 1 and the L. S. Wood No. 3 mines. Unfortunately, low productivity and high costs plagued the company&apos;s advancing faces. The problems resulted principally from major equipment failures, poorly designed chocks and face conveyors, and the lack of an efficient, cost effective system for building packwalls. Flushing of rock between chocks and roof control were also major problems. In Sept. 1979, Mid-Continent and the US Bureau of Mines entered into a cooperative agreement to demonstrate the feasibility of mining thick coal seams using the multilift longwall mining method. Two lifts are to be used to mine the 8.5-m (28-ft) thick coal seam in Dutch Creek No. 1 mine. The Bureau provided mining equipment for 180 m (600 ft) of longwall face. This included the shields, face conveyor and drive units, shearing machines, panel belt, and stageloader. As a result of previous experience in advancing longwall mining, Mid-Continent purchased an additional 60 m (200 ft) of face, including roof supports and an additional face conveyor. Design The Dutch Creek No. 1 is a slope mine located on the flank of a plunging anticlinal structure that

Jan 1, 1984

By J. P. Bennett

The Bureau of Mines is investigating the acid resistance of ceramic materials to identify construction materials for emerging technology in chemical and metallurgical processes. Eight commercial ceramic materials, including two red shale, two fireclay, a silica, a silicon carbide, a carbon, and a high-alumina brick, were evaluated. Samples were exposed to 40 wt pct HN03 at 70° and 90° C and 60 wt pct HN03 at 50°, 70°, and 90° C for time periods of 110 days. Statistically significant changes in cold crushing strength were generally small or not detected, except for a strength drop in the high-alumina brick, which decreased in strength when exposed to the chosen acid concentrations at 90° C. Vol-ume and weight changes were also measured. The leach rates of Al, Ca, Fe, K, Mg, Na, Si, and Ti were monitored. Increasing temperature or a decrease in the acid concentration resulted in an increased ion leach rate. Of the conditions tested, the most severe corrosion occurred at 90° C for a 40-wt-pct-HN03 solution. The silica brick had the best overall acid-resistant properties, followed by a red shale and a fire-clay brick. The carbon and silicon carbide bricks are not recommended for service.

Jan 1, 1984

By Purvis A. H, Greenwood-Smith R, Sowerby B. D

A nuclear technique for the determination of copper and nickel in bulk samples and drill core has been developed at Lucas Heights andfield-tested at Mount Isa. The technique, which is highly specific to the element being measured, utilises the gamma-ray resonance scallering process.A bulk mineral analyser was installed in mid-1976 for the routine assay of copper in bulk samples and drill cores, and remained in operation until late 1981. The operation of the analyser over this five-year period is reviewed with particular emphasis on reliability, accuracy and principal usage.The main application of this analyser was in stope planning and design whereby several thousand drill-core and Wall-chip samples were analysed. It was also used as an aid to underground grade control of stopes where ore dilution by supporting barren backfill was a problem.

Jan 1, 1984

An examination has been made of the rate and extent of removal of carbon from scrap metal charges when the melt is exposed to atmospheres which are reducing or oxidising with respect to FeO at unit activity. The mechanisms of decarburisation of molten Fe-C-S- P-Mn-Si alloys with H2/CO/H20/C02 gas mixtures with controlled compositions at high or low concentrations of carbon in the melt in the presence and in the absence of sponge iron, in both slag free melts and in the presence of various slag forming additives are discussed. A significant quantity of carbon can be removed from the metal during the melting stage and under optimum conditions, a high percentage of metal recovery and low carbon can be obtained after exposure of melt to the above gas mixture with controlled compositions. The presence of ferrous oxide provided by poorly reduced ore in the charge and the use of controlled atmospheres facilitated the removal of carbon to very low level during the melting period.

Jan 1, 1984

By Z. Sartowski, M. J. Pearse

The authors present laboratory and plant results illustrating the benefits to be gained by using chemical additives, namely flocculants and surfactant dewatering aids, in the Bayer process. Advantages of synthetic flocculants over starch are illustrated in terms of more efficient solid/liquid separation in both the initial settling of blow-down slurries and in the CCD wash train. In addition, it is shown that the use of synthetic flocculants considerably reduce the levels of organic contaminants present in the process liquor. Secondly, very significant improvements in moisture removal were obtained by the application of dewatering aids to hydrate filtration/ washing operations.

Jan 1, 1984

By Richard L. Unger

The U.S. Bureau of Mines has designed, fabricated, and tested a prototype track maintenance vehicle for underground coal mines. The vehicle uses a stiff rotating brush to clean the track so that a visual inspection is possible. It is also equipped to measure track gauge and cross-level. The objective of this report was to describe the track maintenance vehicle and detail the results of investigations into present underground track inspection procedures and cleaning technologies, which led to the development of the prototype. Recommendations are made concerning the integration of components of this prototype vehicle into current track cleaning and inspection systems used in underground mines.

Jan 1, 1984

By S. P. Brown, J. E. Worthington

Increasingly, exploration geology seems to be growing into a practice overly separated from production geology, yet the eventual purpose of exploration is a producing mine. To help in the search for new deposits, exploration "lessons" will be drawn from the papers given at the Fall AIME Applied Geology Symposium. In addition, examples will be re-emphasized to show how early observation of matters now routine to mine work (for example, hydrology, rock mechanics, oxidation state) can help increase the effectiveness of exploration.

Jan 1, 1984

By Denni Nikols

"Planning for coal beneficiation in the electric utility industry is relatively complex, involving the coordination of experts and specialists in a broad range of fields, as well as compliance with a wide variety of government regulations.This paper examines the role of the planner, reviews possible benefits of coal beneficiation, identifies potential problems and illustrates a typical planning schedule.The steps involved in the planning process are:Step I-Bench- and pilot- washability studyStep 2- Wash plant designStep 3- Power plant and boiler designStep 4-Mine designStep 5-Major environmental and technical problems to address.IntroductionElectrical utilities and coal have a long and intimate relationship . Cleaned coal is becoming an increasingly popular fuel with the utilities for a variety of reasons. Generally, the greatest impetus to burn a cleaned or prepared coal fuel comes from the need to control airborne pollutants.Long-range planning is a standard practice for electric utilities, forecasts of demand must be made well into the future. Since the lead time required to provide new facilities is often as long as 10 years and the cost very high , planning becomes an important task.For a utility that owns and directs the operation of its coal mines, the mine planning or fuel acquisition planning takes on the magnitude of other corporate planning functions. It is from this perspective that a utility would view coal preparation. Except for the interaction of a coal-fi red plant on the actual mine design the planning considerations o f a beneficiating facility for a captive mine or a contract raw coal supply are about the same. Because TransAlta Utilities is currently supplied from captive mines, this discussion will tend to focus in that direction.It is the role of a planner to plan. This is easy to say but it is not always easy to do. Often we are working within a context that resembles the geological time scale. Frequently the objectives are not clearly defined when we begin and ultimately our plans are tested in the waters of government regulations and cost benefit analyses .Planning for beneficiation of Plains coal, or any coal, provides just such a test. The planner&apos;s role in this endeavour requires a wide vision. While parts of the process may be amenable to classical methods of project scheduling, the broad range of subjects and interaction of seemingly unrelated tasks is sure to obscure some of the considerations that must be made. Therefore, the planner&apos;s chief role is coordinating the work of many experts and specialists toward the final objective.Among the specialists are combustion , geo technical, mining, civil , and mineral processing engineers , geologists, hydrogeologists, soil, and reclamation experts to list a few.When one considers coal beneficiation, the planning part o f that consideration is probably more complex than any other single engineering function. Due to the company&apos;s location in the Alberta Plains and the proximity o f the mine to the thermal generating station, this paper will tend to emphasize that situation.Beneficiation may offer some advantages over run-of-mine coal to the power plant opeator. Some of these advantages are: removal of a contaminant, power plant efficiency gains , lower plant capital costs (for new plants), possible lower mining costs."

Jan 1, 1984

By Dan White

Stress measurements taken at Climax, El Teniente, Henderson, Lakeshore and Urad mines indicate that the deposits cited are generally subject to an inclined stress field that can be highly anisotropic. The horizontal stresses vary significantly between deposits and exceed the measured vertical stresses at Henderson and El Teniente mines. Experience at Henderson, Lakeshore and Urad mines is used to suggest a relationship between cavability and the premining stress. In poorly fractured, high strength rock masses, high stresses can assist the caving process. In well fractured, low strength rock masses, caving is ensured by breakage along fracture planes. The relationship between ground weight and the premining stress is also investigated. Ground weight problems appear to be most related to the competence of the ground rather than the magnitude of the premining stress as supported by experience at Climax and El Teniente mines. Recent developments in block caving favor the extraction of poorly fractured, high stressed rock. Accompanying the development of these deposits are new problems such as rock bursts. These pose particular problems to mine designers in that no experience currently exists in combatting rock burst problems at block caving mines.

Jan 1, 1984

By K. Kim

INTRODUCTION A thorough evaluation of the geologic material being considered must be conducted to determine the feasibility of constructing a large-scale underground facility in a deep geologic formation. The design and construction of a nuclear waste repository in basalt, due to the unprecedented nature of the project, adds significantly to the need for thoroughness of this evaluation and mandates that geoengineering data and analysis be of the highest quality. The investigations required to collect the data encompass in situ measurements and observations, as well as laboratory and field tests. Mathematical (numerical) models, which are required to predict the long-term performance of the repository structure, must be developed to evaluate rock mass behavior at canister, room, and repository scale and eventual 1 y must be validated through in situ tests and monitoring. The information generated from these geo- mechanics investigations is essential for assessing site suitability and will be utilized in the development of the repository design, the engineered barrier design, and the evaluation of repository performance. The Hanford Site near Richland, Washington is one of nine sites throughout the nation being investigated by the U .S. Department of Energy as a possible location for the first high-level nuclear waste repository in deep geologic formations. The process of site characterization is currently in progress. If the site is nominated by the U.S. Department of Energy, an extensive program will be undertaken, the culmination of which will be a decision on the suitability of the site for waste disposal. There are a mu1titude of elements to the proposed site characterization

Jan 1, 1984

By Lancelot E. Kun

The high-rate floc blanket clarification process developed by the Anglo American Corporation of South Africa is capable of continuously clarifying gold and uranium pregnant solutions containing 200-2500 mg/L suspended solids to below 25 mg/L solids at an average rising velocity of 8 m/h at the low process cost of R0,001-0,002 per ton of liquid treated. Overall process cost savings are mainly due to increased polishing filtration cycle times.

Jan 1, 1984

By Ernest Y. Baafi

The technique of linear kriging as a grade estimation method of mining blocks is reasonably established in the mining industry. Because of the nonbias condition imposed in kriging which requires that the kriging weights (?i) add up to one, negative weights are sometimes used in kriging. The use of negative weights is not justifiable from the practical standpoint. Also, negative block grades can be obtained in some extreme situations which makes no practical sense. To guarantee non-negative weights an additional constraint is required in the kriging system of equations. Unfortunately, the nonnegative weight constraint results in a set of non- linear system of equations. In this paper, a derivation of the resulting set of nonlinear equations is presented and a numerical algorithm is developed for the solution of the equations. Because the algorithm developed does not remove negative weights arbitrarily, optimal nonnegative weights are always guaranteed. Results obtained using the developed algorithm were compared with those using the standard linear kriging, in terms of computer time and the estimation results. Both the computer time and the kriging variance were found to be higher with nonnegative constraint, as expected. However, some systematic pattern was observed in the kriged values (i.e., over or under estimation) with or without the nonnegative constraint. The study also demonstrated when one should generally expect negative kriging weights in practice, and what practical impact the negative weights can have on the kriging estimates.

Jan 1, 1984