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By X. Zhang, E. Li, Y. Xiao, Z. Yu, H. Han, J. Xie, J. Tian, W. Sun, K. Hong

In a pulp environment, the surface properties of magnesite and dolomite tend to be similar, due to the re-adsorption of dissolved calcium species, which makes the flotation separation difficult. In this paper, the chelating reagent EDTA is introduced to eliminate the adverse influence of the calcium species and to restore the selectivity of magnesite-dolomite separation using sodium hexametaphosphate (SHMP) as a depressant. Flotation experiments confirm that the recovery of magnesite improves significantly in the presence of EDTA. Zeta potential experiments confirm that the negatively charged EDTA4+ and HEDTA3+ species can form soluble and stable chelates with positively charged Ca2+ and Ca(OH)+ species preventing their adsorption on the magnesite surface. Adsorption measurements prove the addition of EDTA can decrease the adsorption of depressant SHMP on the magnesite surface. X-ray photoelectron spectroscopy (XPS) measurements further confirm the transformation from the surface of magnesite to dolomite in the presence of calcium ions, and the possible adsorption mechanism of EDTA and SHMP on the magnesite and dolomite surface. Key words: Magnesite; Dolomite; Surface dissolution; Flotation separation

Jan 1, 2020

By L. A. Cisternas, A. Lopez-Valdivieso, Y. L. Botero, L. Cortes

In the processing of sulfidic ores, pyrite is usually depressed and ends up in the tailings. However, pyrite is the most common species responsible for acid mine drainage (AMD) due to its spontaneous oxidation. This AMD affects the tailing chemical stability by dissolving some toxic or heavy metals species such as As, Cd, Co, Pb, and Zn, which can migrate into the surrounding ecosystems. Therefore, the strategies to reduce pyrite’s environmental impacts are a crucial point to produce more chemically stable tailings. Consequently, numerous studies have been made to find procedures that could inhibit or restrain AMD. This work aims to develop a procedure for designing conceptual flotation circuits that can produce tailings with low content of pyrite and to assess this type of circuit with traditional flotation circuits. The method consists of applying optimal flotation design where three products are considered: metal concentrate, pyrite concentrate, and tailing with low content of pyrite. Two approaches are considered; in the first, a flotation circuit is designed to generate a concentrate rich in all sulfide minerals and to obtain a tail with low pyrite content. Then, a second flotation circuit is designed for the selective separation of the bulk into metal concentrate and pyrite concentrate. This is called fractional separation design. In the second approach, a flotation circuit design is realised that generate the three products simultaneously. This is called integrated separation design. Both fractional separation design and integrated separation design are assessed in this paper. This methodology is focused on cleaner production (waste prevention and resource minimisation) rather than end-of-pipe technology (treat existing waste). The methodology was applied to a copper sulfide ore from a local company in the Antofagasta region (Chile). This ore contains chalcocite, covellite, iron oxides, and pyrite. Keywords: Flotation, tailing, pyrite, cleaner production

Jan 1, 2020

By F. Yang, S. S. Long

Mixed fatty acids, such as oxidised paraffin soap, are frequently used as a substitute for oleic acid in flotation of scheelite in China. Not only because it is cheaper than oleic acid, but also because it is superior in flotation performance to oleic acid. This superiority is generally attributed to the mixed fatty acids' synergistic effect. In this paper, the synergistic effect of oxidised paraffin soap was investigated. We found it mainly consists of a series of saturated fatty acid salts, with six to nineteen carbon atoms. All the contained fatty acids were classified into four groups based on their chain length to make the research work practical. Also, the groups were labelled as 1, 2, 3, and 4 in order. The research was simplified into studying the synergistic effect of four equivalent collectors, instead of fourteen fatty acids. It is justified by the fact that neighbouring fatty acids are expected to have a similar flotation performance. The synergistic effect of the four groups of fatty acids was studied by single-mineral flotation with single groups, binary mixtures, ternary mixtures, and the full component, as collector respectively. The flotation performance index and synergy value were introduced to evaluate flotation performance and synergistic effect of groups, respectively. The results show that the mixture 1+2+3 has the strongest synergy of all followed by the mixtures 1+3 and 2+3. The mixture 3+4 and 1+2, on the other hand, have negative synergy. The synergistic effect of mixtures of groups indicate that being consecutive in length and a broad range of lengths are vital for fatty acids to enhance synergy. Group 3 is fundamental for the collecting action of 733 oxidised paraffin soap in the flotation of scheelite. The fatty acid soap in group 4 is not suitable for flotation due to its low solubility. Keywords: Mixed collectors, synergistic effect, scheelite

Jan 1, 2020

By J. W. D. Groenewald, L. Auret, B. S. Lindner, E. C. Nienaber

Mineral processing plants have complicated control strategies, with different control layers, multiple interacting loops, and feedforward disturbance rejection. The complicated control strategies mean that oscillations can arise and propagate to multiple loops and degrade the control performance. Oscillation detection techniques, such as the spectral envelope method, can be applied to detect oscillations within an observation window. However, the start- and end-points of the oscillations within the observation window cannot be identified with current oscillation detection techniques. The start- and end-points would be useful to label the oscillatory intervals, and then to use these labels to identify process conditions associated with the oscillation. In this paper, a pattern recognition technique, Density-Based Spatial Clustering of Applications with Noise (DBSCAN), was used to label oscillation intervals. An oscillation diagnosis workflow combining spectral envelope and DBSCAN was demonstrated on an industrial case study of oscillations in a flotation circuit concentrate sump. The workflow successfully detected the oscillation, labelled the oscillatory intervals, and enabled accurate root cause analysis. The impact of time series features, namely the signal power ratio () and the oscillation frequency, on the performance and optimal parameter selection of DBSCAN was also investigated. Low oscillation frequencies and low s negatively affected the performance of DBSCAN. Additionally, the results indicated that higher oscillation frequency was related to higher optimal values for the lag parameter. Keywords: Oscillation diagnosis, process monitoring, data mining, clustering, flotation control

Jan 1, 2020

By Y. Belloa, C. Dorfling

The presence of impurities such as Se and Te in copper sulfate leach solutions can have a detrimental effect on electrowinning efficiency. These elements can be removed from the solution by precipitation; sulfurous acid is commonly used as a precipitation reagent, while studies have also reported improved precipitation with the addition of metallic copper. This paper aimed to determine the effect of conditions used during the solution purification step on the characteristics of the precipitates that formed. Precipitation tests were performed in a batch reactor with copper sulfate leach solutions obtained from the base metal refinery of a platinum group metal producer. The effects of agitation rate (250 and 500 rpm), SO2 flow rate (4.4 and 5.8 mL/min.L), temperature (65 and 95°C) and metallic copper powder addition (0, 1 and 2 g/L) on the characteristics of the precipitates formed during the tests were determined using scanning electron microscopy. The major phases detected in the precipitates formed when using SO2 as the only precipitation reagent were elemental Se and Cu2Se. The introduction of copper powder led to the production of different sulfide phases for the experiments conducted at 65°C irrespective of the values of the other reaction parameters. At 95°C, Cu crystals, Cu2O and tiny inclusions of Cu2(Se,Te) were the prominent phases noticed in the precipitates produced from all the tests conducted with copper powder as precipitation enhancing reagent. Keywords: copper, precipitation, selenium, tellurium

Jan 1, 2020

By R. Kuyvenhoven, A. Parbhakar-Fox, X. Prieto, J. Quevedo, L. V. Danyushevsky

This paper presents the results of a study focussed on determining the distribution of cobalt in different types of pyrite of the La Estrella IOCG deposit in Chile. In the IOCG mineral deposits, where copper is the main product, the quantification and distribution of cobalt is required to correctly define the technical and economic viability of recovering cobalt as a by-product. In the La Estrella mineral deposit, seven alteration and mineralisation events were recognised through both optical and automated electronic mineralogical analysis. Of these seven events, five different types of pyrites were identified, each with unique characteristics of the pyrite crystals. Through advanced elemental analysis of these five types of pyrites, it was determined that the concentration and distribution of cobalt within the pyrite crystal is dependent on the mineralisation event. The results indicate high cobalt concentrations in the early pyrite mineralisation events, associated with relatively fine pyrite grains, and cobalt generally occurring in a solid form in the pyrite core. The late pyrite mineralisation event exhibits the lowest concentrations of cobalt, with cobalt predominantly present along the outer periphery of the pyrite. These results are relevant from a metallurgical point of view because the preferential location of cobalt within the pyrite crystal will influence the maximum metallurgical recovery of cobalt. For this, a cobaltiferous pyrite concentrate must be formed which, according to the characteristics of pyrite, must be processed with the optimal solubilisation method. The overall objective is to ensure both good cobalt recovery and a high concentration of cobalt in the leach solution resulting from pyrite leaching. Keywords: Cobalt, pyrite, IOCG, copper, metallurgical recovery, solubilisation, Chile

Jan 1, 2020

By Wei Sun, Ruolin Wang, Wenjuan Sun, Junhao Fu, Haisheng Han, Zhao Wei

Pb–benzohydroxamic acid (BHA) (lead complexes of benzohydroxamic acid) exhibits high selectivity but low collecting efficiency in scheelite flotation. This paper reports the manner in which BHA and sodium dodecyl sulfate (SDS) were employed as ligands to coordinate with the lead ions to obtain a colloidal lead-group multiple ligand complex, i.e., the Pb–BHA–SDS, for improving the collecting efficiency of Pb–BHA. The flotation mechanism of Pb–BHA–SDS with respect to scheelite was investigated from the viewpoint of interface science based on the pure mineral flotation, Fourier transform infrared spectroscopy (FTIR), X-ray photoelectron spectroscopy (XPS), and contact angle measurements. The results showed that the BHA and SDS coordinated with Pb2+ to form novel leadgroup multiple ligand complexes, which are different from the traditional understanding associated with the mixed collectors. Pb–BHA–SDS was a better collector with stronger collecting ability and excellent selectivity in regard to a scheelite flotation than Pb–BHA. The addition of SDS to Pb–BHA enhanced the latter’s adsorption ability on the scheelite surface and improved the hydrophobicity of the collector’s nonpolar groups, rendering Pb–BHA–SDS as a more efficient collector at a low dosage. Keywords: Scheelite; Pb-BHA complexes; sodium dodecyl sulfate; multiple ligands; Pb–BHA–SDS

Jan 1, 2020

By Mark Liskowich

When is it the proper time to initiate engagement with various stakeholders, including Indigenous communities? This paper will demonstrate what stage of a project’s evolution is the appropriate time to initiate a stakeholder engagement plan. It will look at aspects to consider when identifying the communities to involve. It will describe the contents of a Stakeholder Engagement Management Plan as well and touch on how tried and true options analyses, such as a Multiple Accounts Analysis can be used to inform the results of the engagement, guide the development of your project and clearly document the engagement process. It will illustrate the benefits of initiating engagement at the appropriate point in your project’s schedule, and the limitations of doing so too early and at later stages of the project engineering. The benefits of this approach can be realized within any legislative Jurisdiction including the Canadian Environmental Assessment Act 2012 and Canada’s new Impact Assessment Act.

Jan 1, 2020

By L. López

Argentina reported about 40,000 tonnes of uranium (tU) as reasonably assured resources and inferred resources for the production cost category <130 US$/kgU in the OECD-NEA/IAEA classification scheme. These resources belong to the following projects: Sierra Pintada, Cerro Solo, Don Otto, Laguna Colorada, Laguna Salada, Meseta Central and Amarillo Grande. With three heavy water reactors in operation and an approximate installed capacity of 1.7 GWe, the current natural uranium requirements are about 220–250 tU per year. Based on various nuclear growth scenarios, it is estimated that by 2030 there will be a generation capacity of some 3,092 GWe for the reference case, with raw material needs of some 486 tU per year. Currently, there are no perspectives for local uranium production in the short term, and it is thought that uranium projects with identified resources must complete resource delineation and advance in technical pre-feasibility studies for the recovery of uranium. It is expected that Argentina continue meeting the uranium demand with imports in the next following years. In the Latin America region, both Brazil and Paraguay could be considered as potential uranium suppliers. In conclusion, despite the apparent growth prospects for the use of nuclear energy to generate electricity in Argentina, there are no immediate prospects for the provision of uranium oxide concentrates from domestic deposits for fuel fabrication. This has implications for supply and energy security.

Jan 1, 2020

By C. Holmes, T. Holmes

Engineered-in material handling problems are responsible for significant unrealized value in mineral processing plants. At the root, is a lack of awareness and understanding of bulk material handling science and how important it is, especially in early design stages. Mineral processes add value to mined raw feedstock through physical and chemical transformations in unit operations, but only if the material can flow through them. Essentially, each unit operation receives a unique feedstock and produces a unique product to be collected, transported, and fed into the next unit operation. Such material-handling systems can only be expected to achieve design throughput if the system equipment is designed to the materials’ characteristics, over their full range of conditions. This requires quantification of flow properties to support the necessary customized equipment designs. Too often, assumptions or “library values” of a material’s properties are used as the basis for flow modelling and conceptual, and sometimes even detailed, design. This is especially true for hazardous materials like uranium ore, for which the additional precautions, costs, and time necessary for safe handling are often used to rationalize postponing or even bypassing testing. The surprises that often transpire in the wake of insufficient material handling consideration can have acute and costly effects. Fortunately, there is a better way.

Jan 1, 2020

By A. Kobzhanov, S. Saparova, S. Brochot, D. A. Mango

KATCO (an ORANO Mining and Kazatomprom joint venture) is the largest in-situ leach uranium mining operation in the world, exploiting the Muyunkum and Tortkuduk uranium deposits in southern Kazakhstan. After extraction from the deposits, uranium is then transported via a hydraulic network to be purified in three processing plants located near these deposits. Within KATCO, with the support of ORANO Mining and CASPEO, in 2018 and 2019, a large project that had as its main objective to improve the uranium accounting system was implemented. The objective of this paper is to describe this project and all the changes that it entailed. At KATCO plants, a black-box approach was previously used for uranium accounting. However, it is recommended to use all the available measurements and to deploy a data reconciliation model (between well-fields and plant) as the reconciliation uncertainty is overall lower and it provides a more accurate uranium balance. During the deployment of this project, the rules and algorithms to generate the uranium accounting report, the associated flow diagrams (for uranium accounting), the streams, units of operation, stocks, reporting and Key Performance Indicators calculation rules were re-defined.

Jan 1, 2020

By CHRISTOPHER D. HEBERT, SCOTT W. HOFFMAN

All Rights Reserved. Printed in the United States of America. Information contained in this work has been obtained by SME, Inc. from sources believed to be reliable. However, neither SME nor its authors guarantee the accuracy or completeness of any information published herein, and neither SME nor its authors shall be responsible for any errors, omissions, or damages arising out of use of this information. This work is published with the understanding that SME and its authors are supplying information but are not attempting to render engineering or other professional services. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of the publisher. Any statement or views presented here are those of individual authors and are not necessarily those of the SME. The mention of trade names for commercial products does not imply the approval or endorsement of SME.

Dec 1, 2019

By CIM Mineral Resource, Mineral Reserve Committee

The CIM Estimation of Mineral Resources and Mineral Reserves Best Practice Guidelines (MRMR Best Practice Guidelines) were prepared by the Canadian Institute of Mining, Metallurgy and Petroleum's (CIM) Mineral Resources and Mineral Reserves Committee (CIM MRMR Committee) to update an earlier version that was accepted by CIM Council on November 23, 2003 (CIM, 2003). These 2019 MRMR Best Practice Guidelines supersede and replace the November 23, 2003 version of the MRMR Guidelines. These 2019 MRMR Guidelines are not intended to be prescriptive and are not intended to provide detailed and exhaustive instructions for preparation of Mineral Resource and/or Mineral Reserve (MRMR) estimates. Rather, they are intended as general guidance to assist professional geoscientists (or equivalent) and engineers (or equivalent) in preparing high quality estimates of MRMR that incorporate sound geoscientific, engineering, evaluation and design practices. They are based on well-established estimation and mine planning principles and are designed to provide general guidelines of best professional practices employed in the preparation of MRMR estimates. Although the 2019 MRMR Best Practice Guidelines are intended for use by Canadian-based mining/exploration practitioners, many of the concepts and practices presented herein are in general agreement with current industry practices in jurisdictions with membership in the Committee for Mineral Reserves International Reporting Standards (CRIRSCO). For this document, persons preparing MRMR estimates are called Practitioners. Preparation of MRMR estimates should be carried out by Practitioners who either hold the status of Professional Geoscientist (or equivalent) or Professional Engineer (or equivalent), or who prepare the estimates under the supervision of a Professional Geoscientist (or equivalent) or Professional Engineer (or equivalent). For the purposes of this document, all references to reporting describe such necessary reports and related documentation that are created as part of the normal-course work flow of preparing MRMR estimates for internal purposes. For clarity, all public disclosure of MRMR estimates made by, or on behalf of, an issuer and intended to be, or reasonably likely to be, made available to the public in a jurisdiction of Canada must comply with the requirements of National Instrument 43-101 Standards of Disclosure for Mineral Projects (NI 43-101), as amended from time to time. At least one Qualified Person (QP) must take responsibility for each part of the estimation process when publicly disclosing the results of MRMR estimates. The intended audience for these 2019 MRMR Best Practice Guidelines includes Practitioners at all levels of skill and experience, government agencies, academic institutions, and the public.

Nov 29, 2019

By CIMVAL

This Code for the Valuation of Mineral Properties (the “CIMVAL Code”) is the result of a review more than a decade after the release in 2003 of the “Standards and Guidelines for Valuation of Mineral Properties” (the "2003 Standards"). The purpose of the review is to update the 2003 Standards to reflect domestic valuation, international valuation, and regulatory developments. The CIMVAL Code was adopted by the Canadian Institute of Mining, Metallurgy & Petroleum (the "CIM") Council on November 29, 2019. The CIMVAL Code supersedes the 2003 Standards. The 2003 Standards were dated February 2003 and were adopted by the CIM Council on March 9, 2003 as the first comprehensive set of standards for Valuation of Mineral Properties in the Canadian mining industry. The 2003 Standards followed recommendations of the Mining Standards Task Force of the Toronto Stock Exchange and the Ontario Securities Commission, where in its Final Report (January 1999), the CIM was specifically asked to form a committee of valuation practitioners to review and advise on standards for the Valuation of Mineral Properties. The Special Committee on Valuation of Mineral Properties ("CIMVAL") was created on May 5, 1999 with the mandate to recommend standards and guidelines for Valuation of Mineral Properties to be used by the mining industry in general. The CIMVAL Code is limited to the Valuation of Mineral Properties (including any interests therein) and does not cover valuation of corporations or other entities that hold Mineral Properties as assets. The CIMVAL Code does not cover petroleum and related assets. CIMVAL recommends that the CIMVAL Code be followed for all Valuations of Mineral Properties, including those required by securities administrators and stock exchanges. However, when a Valuation is required under the applicable rules of securities administrators or stock exchanges, such rules prevail to the extent of any inconsistency.

Nov 29, 2019

By M. A. Reyes, L. Yan

Heat and humidity buildup within refuge alternatives (RAs) may expose occupants to physiological hazards such as heat stress. The Mine Safety and Health Administration (MSHA) regulations require RAs in underground coal mines to provide a life-sustaining environment for miners trapped underground when escape is impossible. RAs are required to sustain life for 96 h while maintaining an apparent temperature (AT) below 95 °F (35 °C). The National Institute for Occupational Safety and Health (NIOSH) tested a 10-person tent-type RA, a 23-person tent-type RA, and a 6-person metal-type RA in its underground coal mine facilities to investigate the thermal environment over a 96-h period. The test results showed that mine air and mine strata temperatures surrounding an RA occupied by simulated miners (SMs) increased over the 96-h test period. The test results suggest that RA manufacturers should consider this increase in temperatures when calculating and evaluating RA components during surface and laboratory tests. The findings can equip stakeholders with additional considerations for calculating the interior heat and humidity temperature profiles for occupied RAs not tested in situ

Nov 22, 2019

By C. D. Ashley, X. P. Garzon-Villalba, R. M. Lopez, T. E. Bernard

Federal standards for refuge alternatives (RAs) mandate that they not exceed a Steadman apparent temperature (AT) of 95 °F (35 °C) at an assumedmetabolic rate of 325W, a limit that appears to be arbitrary. Occupants in an RA spend most of their time at rest (a metabolic rate less than 325 W), and thermal equilibrium can likely be maintained at an AT > 35 °C. The purpose of this study was to examine the upper limit of sustainable heat stress during 4- and 8-h exposures at rest. Five men underwent five 4-h trials (phase 1: AT range 39 to 49 °C, 90% rh) and five 8-h trials (phase 2: AT range 46 to 56 °C, 90% rh) in a semi-recumbent position. Descriptive statistics for gastrointestinal temperature (Tgi), heart rate (HR), systolic and diastolic blood pressure (SBP and DBP), sweat rate, fluid intake, urine color, urine specific gravity (USG), and changes in body mass are reported. Mean Tgi for all trials ranged from 36.9 to 37.3 °C, and mean HR for all trials ranged from 61 to 75 bpm. To determine the effects of increased heat exposure, differences in heat strain between 4- and 8-h trials were examined via repeated measures analysis of variance (ANOVA). As AT increased, there were no significant changes in ?Tgi and ?HR from 1 to 4 h in the 4-h and 8-h trials. During the 8-h trials, as AT increased, there was a difference in ?Tgi between 4 and 8 h. In conclusion, there was support for sustainable exposures resulting in no significant increase in physiological strain at an AT greater than 35 °C AT, with a sustainable limit (no increases in Tgi due to increases in AT) below 46 °C AT. Although the participants were not representative of coal miners, the results provide support for sustainable exposures greater than 35 °C AT at an average metabolic rate of 155 W.

Nov 8, 2019

By Beatriz Dogliani, Elisabeth Williams, Maria Berenice Sandobal, Carina Bertino

The environmental management of steel mill slag should be understood as a management philosophy, observing technical, economic and environmental criteria associated with their generation, storage and final destination. The slag can be considered as a synthetic mineral resource and become a very useful co-product in different areas. The Argentinean steel industry prioritizes the efficient environmental management of its waste, thus contributing to its own survival taking into account the sustainable development. In the world, the slag produced by the steel industry has been used as steel aggregate for road bases, railway ballast and filling material among others. Any factor that influences the economy of the country affects all branches of society, mainly public agencies, whose financial resources are increasingly scarce to deal with all public works. It is necessary to join efforts of private and public initiative in the adoption of alternative materials that replace the use of finite natural resources. This presentation aims to show the work done by private companies together with public bodies and universities to obtain a regulatory document for the management of slag as steel aggregates for three different uses, namely: road use, railway use and general use.

Nov 5, 2019

By J. Perlacia

"As the bulk handling sector continues its transformation to Industry 4.0, the mining industry, and its harsh working and environmental conditions, provides a perfect spot to study the feasibility of remote analysis and maintenance of the components used for bulk handling. The most important and expensive tools have been adapted to the digital era in recent years, from remotely controlled haul trucks to monitored conveyor belts.However, the big items of the installations rely on smaller parts that have been leftaside, mainly due to the difficultyof adapting them to the Internet ofThings (IoT).The paradigmatic example is the lack of monitored rollers, while all the other components of the conveyorbelt installations (the belt itself, motors, drums, etc.) were monitored some time ago. The main problem is that a failure of a single roller can cause the stoppage of the entire conveyor, due to possible damage to the belt. Thus, the implementation of an integral monitoring system of all the components of the conveyor is a must.The research and development department of ULMA Conveyor Components has been working since early 2012 on the development of monitored rollers, testing all the problems until their final installation in different demanding conditions, from the extreme heat in Australia to the freezing cold of Norway. All the tests have been done under actual working conditions, in real installations and have provided valuable knowledge in the identification of problems, their solutions and the final advantages of a roller monitoring system.Background and current stateThe malfunction of a single roller in certain conveyor belts can force the standstill of the entire installation until its replacement, due to the risk of greater and more expensive failures, such as a rip in the belt. In the case of a bulk handling installation, where a continuous supply of material is necessary, an unexpected stop of one hour could result in huge economic losses."

Nov 1, 2019

By F. L. Pirkle, W. C. Bagby

"In his 1989 book, The New Realities, Peter F. Drucker, Clark Professor of Social Science at Claremont Graduate School, Claremont, CA, stated: “Information is data endowed with relevance and purpose. Converting data into information thus requires knowledge. And knowledge, by definition, is specialized” (p. 209).The discipline of mineral valuation is knowledge-based and requires a mineral valuer to collect, analyze and interpret data that are material to a mineral-valuation assignment. In so doing, the valuer turns the data into information (data come first, followed by information as determined by the mineral valuer) for use by the client (from whom the valuer obtained the mineral-valuation assignment) and other intended users. The valuer uses his or her experience and education (each valuer’s knowledge base) supported by a foundation built upon competency, materiality and transparency, the three pillars of mineral valuation (minerals valuation, mineral-property valuation).The International Mineral Valuation Standards Template (IMVAL Template), third edition dated May 2018, defines mineral valuation as: “The estimation of the value of a mineral property in money or monetary equivalent. The word ‘valuation’ can be used to refer to the estimated value (the valuation conclusion) or to refer to the preparation of the estimated value (the act of valuing)” (p. 14).Furthermore, the IMVAL Template clearly separates valuation from evaluation: “The template deals with valuation, which is distinct from evaluation. The distinction inherent in these defined terms is that valuation addresses the estimation of value of a mineral property, whereas evaluation addresses the broader assessment of a mineral property for an investment decision (p. 2).”This is an important difference because the minerals industry commonly makes investment decisions using feasibility studies to evaluate a proposed mineral development and production project. The purpose of such investment-decision analysis is distinctly different from valuation of a mineral property, no matter where that property lies upon the mineral explorationdevelopment- production-reclamation timeline (Fig. 1). Valuation involves terms such as market value, just compensation, fair value, etc., whereas investment-decision analysis is concerned with the economic viability of a given proposed project. Although feasibility analysis and market valuation can both use discounted cash flow (DCF) analysis as a tool, the formulation of the DCFs and their interpretation are different."

Nov 1, 2019

By Andrelio Marcos Ribeiro, Lucio Ribeiro Camisao, Antonio Carlos Ataíde, Alan de Sousa Pereira, Renato Siqueira Campos

The annealing and pickling line n. 1, responsible for the production of stainless steel 3xx, 4xx and 430a in thicknesses from 4 to 0.4 mm, has two vertical strip accumulators. These are intended not to let the material exceed the determined time in the furnace and in the pickling, and consequently do not cause defects like burning and excessive pickling. Strip accumulator n. 1 avoids the line from stopping during welding execution of the coils in the welding machine. In sequence, the strip accumulator n. 2 avoids the line from stopping at the end cutting of the tips, and in the coils removal from the pickling. The strip accumulators have a roller table that during the strip accumulation moves vertically downwards while its counterweight moves vertically upwards, and do the inverse movement when the material is released. On December 12th 2018, the failure occurred in the strip accumulator n. 1, where it was verified that the shaft of one of the pulleys had been fractured by high-cycle mechanical fatigue, which was characterized by alternating bending. With the fracture of the shaft, occurred the unevenness of the counterweight that damaged the guides. Failure analysis of this occurrence was based on the PDCA methodology, when was verified a weld between the shaft and the pulley. The analysis of the microstructure transformation in the molten zone, in the heat affected zone and in the base metal was carried out in an optical microscope, and no abnormality was observed. It was also carried out the end test by penetrating liquid, finding an inadequate weld in its geometry, as well as longitudinal trunks along the center of the weld bead. However, after a huge investigation of the causes, it was found that the failure was triggered by an inadequate design of the pulley shaft. It was also verified that the shaft had an open measure, inadequate for the operational context. After the analysis, action plans were drawn up based on the FMEA methodology to inhibit the failure recurrence.

Oct 7, 2019