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By Douglas D. Donald

The financial analyst's job is to make an objective appraisal of the investment opportunities which exist within the various industries under his supervision within the context of the economic model provided by his firm and the a climate of investor sentiments. Industry analysis is critical. When a major investment trend develops, usually the stock of all companies within the specific industry react in the same direction. I should emphasize here, however, that an investment trend is influenced by the economic outlook, but economics is not the only determinant - investor psychology and arbitrary political factors may be of equal or greater importance. Part of our job is to recognize trends early and determine whether they are valid. Following industry analysis, the analyst must examine the specific companies within that industry since some companies usually react more violently than others to industry trends, whether they be favorable or adverse. To simplify the process of evaluating an investment opportunity, it is convenient to isolate three types of factors which have a bearing on every sort of business although the degree of influence of each factor may vary from industry to industry. These categories are, 1) independent or external factors insofar as they are beyond the control of corporate management, 2) interdependent factors insofar as influence may be exerted by industry-wide action, and 3) dependent factors covering the area of internal decisions which are basically under the control of the individual corporate managers. Although the title of this paper, "The Corporate Use of Cash Flow," is only one segment of the third category, it may be useful to continent on the first two categories as well. The independent factors may be either economic or governmental. The economic factors include cyclicality which may be very high in the case of the basic commodity industries or relatively low as in the case of utilities. Underlying growth rates, another independent factor, may range from the business equipment industry with an annual growth rate of 14% through the electric utility industry with a growth rate of about 7% per year to the

Jan 1, 1970

By R. J. Brison, W. C. Bleimeister

The International Salt Company has long been interested in finding an efficient process for the removal of impurities from rock salt, and particularly from the rock salt produced at the Detroit mine. Methods which have been used previously at the Detroit mine included both hand sorting and differential crushing in a Bradford breaker with rejection of the oversize. Neither of these methods was adequately effective. The development of a new process for removal of impurities from rock salt has been described in the preceding article." Basically, the process consists of exposure of crude rock salt to radiant heating which selectively heats the impure particles. Subsequently the heated particles are removed by adhesion to a heat sensitive-coating on a conveyor belt. This method was found to be effective in improving both the quality and appearance of rock salt by the rejection of the dark, impure particles. The first commercial unit employing the new thermoadhesive method of dry separation of minerals was installed at the Detroit mine of International Salt Company in Detroit, Mich. (Fig. l). This unit was first put into operation in March 1957. The purpose of the Detroit installation was 1) to serve as a pilot plant for evaluating the process on a commercial scale and 2) to produce marketable quantities of rock salt of improved quality and ap- pearance. The design of this plant was based on the results and information obtained from a 1-tph pilot plant at Battelle Memorial Institute. DESCRIPTION OF PLANT Location: The separation plant was installed underground near the crushing and screening plant, for this was the most suitable location from the standpoint of material handling. Furthermore, ample space was availabe at this location. Because the process requires a relatively constant temperature, the uniform year-around temperature of the mine (57°F) gave an added advantage to an underground operation. Feeding: The rock salt is conveyed to a surge bin, from which it is fed to the heating unit by a conveyor. The feed-rate control consists simply of an adjustable gate at the bottom of the surge bin. The plant may be fed either No. 1 grade of rock salt (0.279 to 0.375 in.) or No. 2 grade (0.375 to 0.500 in.) with a maximum input capacity of 500 tons per 15-hour day. Heating Unit: The heating unit (Fig. 2) consists of a panel of infrared lamps suspended inside a low-speed revolving screen. The radiant-heat panel, which is curved for most effective utilization of the heat, holds 240 infrared lamps of standard industrial type, each rated at 500 watts. The position of the panel is adjustable so that it can be placed centrally over and to within 6 in. of the salt bed on the screen. The entire heat panel is suspended by rollers in ¦ R. J. Brison and O. F. Tangel: Development of a Thermo-adhesive Method for Dry Separation of Minerals.

Jan 1, 1961

By M Brady

"It has long been recognised that the barometer infl uences areas of underground coal mines that havebeen sealed off from the current, or active, mine workings but it appears litt le formal research hasbeen done on how the barometer aff ects the goafstream sample point. Based on statistical analysis of samples from a number of mines from Queensland and New South Wales it can be concluded that there is a direct correlation between the barometer and oxygen concentration at a goafstream sample point. To help mitigate some of the high consequence hazards within the underground coal industry and protect the health and safety of the persons within that environment, many monitoring tools are utilised. A control recognised in management plans prescribed under New South Wales and Queensland legislation is the need to conduct monitoring to identify the early warning signs of spontaneous combustion. One of the monitoring tools utilised involves a bagsample being collected from a goafstream sample point then returned to the surface for analysis.When the sample is incorrectly collected, the resultant analysis from a gas chromatograph provides litt le value to the persons charged with the obligation of operating the coal mine at an acceptable level of risk. This, therefore, increases the probability of spontaneous combustion leading to a loss of equipment, mine and in the worst case, life. When the sample is collected correctly, the analysis presents early warning signs of low level oxidation allowing corrective action to be taken, to prevent the oxidation accelerating to spontaneous combustion. The eff ect the barometer has on this sample point should be recognised and the knowledge imparted to persons who conduct sampling to remove a variable in the bag sample collection process. This will ensure the persons operating the mine have a bett er understanding of what is happening within their longwall goaf."

Jun 1, 2012

By Ryosuke O. Suzuki

A new cell concept for calciothermic reduction is proposed in which the titanium dioxide instead of TiCl4 is used as the raw material for reduction, Metallic calcium is needed as the reductant of a thermochemicaily stable oxide, such as TiO2. CaCl2, is selected as the solvent of Ca and simultaneously as the solvent of CaO. The reduction system consists of a single cell where both the reduction reaction and the electrolytic reaction for recovery of reducing agent coexist in the same molten CaCl2 bath. A few mol%Ca dissolves in the melt and gives the media a strong reducing power. Sufficiently deoxidized metallic titanium deposits and forms a slightly sintered granular sponge. Both mechanisms of the halide flux deoxidation and the electrochemical deoxidation work efficiently for these fine precipitates, The reducing agent is in situ recovered by electrolysis of CaO because the molten CaCl2 he a relatively large solubility for CaO Some cell designs and modifications are proposed for industrial applications.

Jan 1, 2003

By G. Coetzer

During galena flotation of Rosh Pinah milled material, metal ions and salts contents of various water resources (deionized, simulated circulated, lead concentrate thickener, lead tailing thickener and borehole) influenced mineral recoveries, upgrade ratios, selectivities, froth stability and flotation kinetics. The various water resources employed during galena flotation caused activation, depression or selectivity effects on minerals due to the presence of different ions in solution. Metal ions in these water resources were adsorbed by the ore, whilst ions associated with gangue minerals (dolomite and quartz) were released into the flotation pulp. Lead concentrate thickener water caused depression of sphalerite and pyrite, increased fast floating fractions for silver, copper minerals, sphalerite and quartz (unwanted), and improved slow floating rate selectivity against pyrite and sphalerite. Lead tailing thickener water enhanced sphalerite recovery during galena flotation (unwanted), and increased fast floating fractions of pyrite. Western borehole water did not affect galena recovery, but sphalerite and pyrite recoveries were unacceptably too high. Ions from copper, lead, and zinc salts tended to release high amounts of ions, such as calcium, magnesium, silicon, and manganese from gangue minerals (dolomite and quartz) during milling. During galena flotation, lead ions depressed sphalerite, pyrite and dolomite at a lead concentration of 400 ppm, but sphalerite was activated at a concentration of 800 ppm. Sphalerite was activated with copper ions (89% recovery, 2.09 upgrade ratio) and depressed with zinc ions (maximum recovery of 25%). This corresponds with findings in previous investigations. Dolomite and quartz were slightly activated with zinc ions. No evidence was found that lead and copper ions activated any gangue minerals during galena flotation. Keywords: galena, water resources, metal ions, activation, depression, selectivity.

Jan 1, 2003

By James E. Dunn

For several years, ground support at the Pitch uranium mine has been a serious headache to the management. The "moving" ground raised havoc with standard timber sets as well as steel sets. The author discusses this problem which has led to the adoption of heavy cribbing practices in drifts and raises.

Jan 6, 1961

By R. S. Dean

The principle of explosive crushing depends upon the fact that an expandable substance contained within the pores of a solid body will disrupt such a body upon expansion. Such expansion may be obtained by the detonation of an explosive or by the sudden release of pressure of a superheated liquid. That this principle of disruption may be applied to minerals rests on the fact that cracks, cleavage planes, and pores exist in all minerals to an extent hardly conceived possible heretofore. Crushing by this method takes advantage of forces applied from within the mineral rather than from forces applied from without. The application of a force from within would appear to be more effective.

Jan 1, 1932

By E. J. Peuraniemi

Oxidation of chalcopyrite concentrate and two low-iron copper mattes were studied using a laboratory scale laminar-flow furnace simulating the phenomena taking place in different zones of the reaction shaft of a flash smelting furnace. In the experiments, screened fractions were fed into the furnace and sampled after short reaction time intervals by quenching them into a water film. Experimental conditions included temperatures of 1100 and 1300°C with reaction gas oxygen contents from 21 to 75 vol.%. Samples were analysed chemically for Cu, Fe and S to define removal rate of sulphur. Optical and scanning electron microscopy with EDS-analyser were used to examine the samples. In this paper, oxidation kinetics as well as ignition of particles are discussed. Changes in particle morphology, size, and composition are viewed to closely define the proceeding of the oxidation, and, consequently, to compose a detailed model of dust formation and reaction mechanisms. Data obtained in the experiments broadens the knowledge of physical and chemical phenomena in flash reactions and serves as reference for computer simulations.

Jan 1, 2000

By M. Iberico

A partir de los años 70 se incrementó el proceso de exploración y desarrollo de los yacimientos mineros submarinos. En este sentido, el presente trabajo describe el origen de los depósitos a partir de los descubrimientos de módulos manganíferos en el océano pacífico que hicieron Thompson y Murray. Posteriormente Buchanam demuestra la existencia de módulos ferro-manganíferos en aguas poco profundas ( 200 m. ), de composición diferente de las provenientes de aguas profundas. De otro lado, el trabajo señala también la división de los minerales marinos en tres categorías: las sales disueltas y en organismos, los sedimentos y depósitos en el suelo profundo submarino y los depósitos consolidados e inconsolidados de la plataforma continental. Por último, se describe los procesos de beneficio y las ventajas de la explotación de los recursos submarinos en el futuro de la minería submarina.

Nov 20, 1972

By José Vidalón G

El presente trabajo analiza los diversos métodos de concentración de minerales de estaño empleados en los países productores de este metal. Asimismo se describen los procesos de gravedad, se analiza la flotación de caseterita, la concentración por volatización, así como se presenta algunos diagramas de flujo ilustrativos.

Oct 14, 1980

By M. Shriwas, F. Calizaya

"Controlled recirculation may be considered as a beneficial means in mines of cold climate, where heating of air is required, and in deep or extensive mines, where cooling of air is required. Controlled recirculation can be designed by proper sizing of the booster fans with respect to main fan. Intuitively, it seems that the buildup of methane at the face will cease when a steady state condition is attained, and also that, at that same time, the maximum concentration at the face will remain same as in the return air. This supposition is proved by mathematical analysis that considers uniform mixing of methane in air in successive cycles of recirculation. This study includes two scenarios to show the effect of controlled recirculation on methane concentration in a sample network. Firstly, when recirculation crosscut exists near the working face; secondly, when recirculation crosscut exists away from the working face. The later scenario shows lesser buildup of methane concentration than the former one. INTRODUCTION The controlled recirculation is designed purposefully to allow a partial fraction of used air that increases the air velocity due to increased quantity of air and consequently allows effective dilution of contaminants to improve local ventilation condition at the working face. It can be designed by proper sizing of booster fan with respect to main fan in a ventilation network. Controlled recirculation may be categorized as crosscut, in-line or combined system based upon the configuration of the booster fan locations in a district ventilation network. Research on controlled recirculation has shown numerous benefits of controlled recirculation especially in deep or extensive underground mines, where further heating or cooling is required (Calizaya 1990; McPherson 1993 and Jones, 1987). However, fear of buildup of concentration has misled the mining communities to view the controlled recirculation as a hazard and deprived the mining industry to derive benefits from recirculation. Intuitively, it seems that the buildup of methane at the face will cease when a steady state condition is attained, and also that, at that same time, the maximum concentration at the face will remain same as in the return air. This supposition is proved by mathematical analysis that considers uniform mixing of methane in air in successive cycles of recirculation. This study includes two scenarios to show the effect of controlled recirculation on methane concentration in a sample network. Firstly, when recirculation crosscut exists near the working face; secondly, when recirculation crosscut exists away from the working face. The later scenario result shows the less buildup of methane concentration than former scenario result."

Jan 1, 2016

By John P. Powell

The increasing demands for petroleum and its products and the steadily increasing cost of discovering and developing new oil fields are factors that emphasize the importance of increasing the recovery of oil from known petroleum reserves. Water flooding is a valuable conservation measure, not only preventing premature abandonment of stripper leases but also reviving interest in many areas previously abandoned. The use of water flooding as a means for recovering additional oil from partly depleted oil-bearing formations was first tried in Oklahoma in 1931. Early water-flooding operations were confined to the area of shallow Bartlesville-sand formations in Nowata and Rogers Counties, where many of the projects were outstandingly successful. The results of these operations stimulated activities in other pools in Oklahoma, and by the end of 1949 water flooding had been tried in 25 of the 49 oil-producing counties in the State (fig. 1). Approximately 33 million barrels of oil, or 1,806 barrels per acre, had been recovered by December 31, 1949, from 18,221 productive acres included in the 162 active and abandoned projects in Oklahoma by injection of approximately 449 million barrels of water.

Jan 1, 1952

By Christopher Jon Preston, Troy Williams, Daniel Roy

There has been significant progress made with narrow vein gold mines in which a second option for crushing has begun to attract attention. To ensure the profitability of a mine that has based its economics on the absence of a crusher station, more than just best blasting practices are required. Using a blasting operation itself as a primary crusher would undoubtedly save enormous capital costs as well as eliminate some of the costs of crushing ore with the result that considerable savings might be realized. The challenge would be to define the conditions necessary to make this type of operation feasible by providing consistent blasting methods that result in a significant paradigm shift with respect to both blasting and current underground crushing methods. A break model has been developed and applied as a technique in designing blasting patterns based on a unit charge blasting geometry and stress reflection from free faces. There are four components to this model and these are 1) unit charge, 2) thermodynamic/energy, 3) stress reflection, and 4) radial break. Some important changes in timing between holes and rows based on rock properties and the percentage of burden moved were also used. On-site testing at a narrow vein gold mine in Quebec Canada, provided measured parameters for the model. No underground crusher was planned - relying only on the fragmentation profile generated by ring blasting. The specification for muck was that the fragmentation profile needed to be 100% < 400 mm (16 in) with no overbreak - with dilution less

Jan 1, 2019

By K. Loutet, A. Guenkel, K. Nikolaisen

"The INCO SO2/air process was patented by INCO in 1985. Well over 80 mining operations worldwide are using this process to oxidize cyanides to cyanates in the tailings from gold, silver and copper mining operations. The sulphur dioxide (SO2) for this process can be supplied either as liquid SO2, SO2 gas or as a sulphite-based salt. The majority of SO2/air operations have used sulphite-based salts as the ‘SO2’ equivalent probably due to low capital cost. Liquid SO2 has also been used frequently, but due to concerns with safety and availability, this option is often not preferred. The solid salt sodium meta-bisulphite (SMBS) is commonly employed, but its cost is an order of magnitude higher than that of sulphur. Due to the high cost of SMBS, the increased capital cost for a sulphur-burning SO2 gas plant (green field or retrofit) usually has a pay-back of less than three years. In addition, a SO2 gas plant offers potential for significant heat recovery from the sulphur burning process. In terms of safety, the SO2 gas plant only requires the storage of relatively benign sulphur and the site inventory of SO2 will be limited to the plant gas volume. Therefore, a SO2 gas plant will not trigger the Canadian Environmental Protection Act (CEPA) E2 Regulations or the US Clean Air Act Section 112(r) accident prevention regulations, as may be the case for liquid SO2.Most existing mining operations using ‘SO2’ are gold operations, but in recent years there has been an increased interest in larger sulphur dioxide gas plants for hydrometallurgical facilities that employ leaching of cobalt/manganese minerals or precipitation of manganese/iron (e.g. Tenke Fungurume and El Boleo).This paper focuses on the production of sulphur dioxide gas generated on site and on demand for the use in hydrometallurgical processes. The capital and operational costs of a SO2 gas plant is compared to conventional process alternatives using sulphite-based salts or liquid SO2."

Jan 1, 2016

By C. E. Sims, C. A. Zapffe

AN investigation of the behavior of inclusions in steel several years ago1 led to the conclusion that some of the commonly occurring inclusions in steel have appreciable solubilities, particularly in liquid steel. In the belief that further study and clarification of this matter was warranted, a laboratory study of oxides in liquid steel was started. These oxides are generally the result of deoxidation treatment, and the basis of an understanding of their behavior must be, therefore, the behavior of the deoxidizer in liquid iron. The Fe-Si-O system was selected for the first study, and the apparatus used and experiments conducted are described herein. APPARATUS The apparatus is shown in Fig. I and the system is shown by diagram in Fig. 2. Furnace Atmosphere Commercial hydrogen (1) passes through an orifice (2) into a manometric system that measures the tankside pressure (3) and the back pressure (4) in the system. A water trap (5) guards against excess tankside pressure. A by-pass with stopcocks (6 and 7) is provided, so that the hydrogen can be routed directly from the tank to the furnace if desired. When stopcock 7 is closed and stopcock 6 is open, the gas proceeds through the conditioning train, of which the first unit is a furnace (8) that contains platinized asbestos at 350°C. The temperature is measured by a thermo-couple and potentiometer (9) and is controlled by a slidewire resistance (10). In [ ] this furnace free oxygen is converted to water vapor. The exiting gas passes over a water bath (11) kept slightly below boiling temperature by an auxiliary heating unit (12). This unit also heats a surrounding copper coil (13) containing water, and the heated water rises through a collar (14)

Jan 1, 1942

By R. M. Beauchamp

Base metal processing operations often treat process tailings and acid mine drainage using a high density sludge (HDS) water treatment process. Lime is used in this process, which reacts with existing sulfates to form gypsum. When a recycle stream is incorporated in the process, gypsum levels in recirculating water may build up and cause high levels of gypsum supersaturation. Precipitation of gypsum from the supersaturated process water causes many problems. It is speculated that gypsum may precipitate on sulfide minerals and silica gangues in the flotation circuit, resulting in decreased selectivity and recovery. An understanding of the determinants and nature of precipitation may provide solutions to mitigate the formation of precipitates and improve flotation performance. This study showed that both sphalerite and silica exhibited gypsum- or calcium carbonate-like behavior in the respective supersaturated solutions, indicative of a coating of calcium species on the mineral particle surfaces. The addition of copper sulfate and/or potassium xanthate had little effect on the precipitation of gypsum or calcium carbonate on the mineral particles. Sodium carbonate is encouraging as a method to minimize calcium species interactions on sphalerite/silica surfaces.

Jan 1, 2006

By A. N. Shen

Fe3A1 intermetallics are potential inexpensive candidate for hot applications. In this project, torsion tests on hot-rolled and annealed Fe3A1 (Fe-15.5A1-5.8Cr-1.0Nb¬0.05C) were carried out over the ranges 750-950°C and 0.01~1s-1 . The experimental results showed that when peak stress op>90MPa (LogZ>16s-1 , Z: temperature-compensated strain rate), specimens cracked at randomly low strains. Optical microscopy exhibited original elongated grains and many grain boundary cracks associated with segregation. With op<40MPa (LogZ<16s-&apos;), specimens deformed with low random op but considerably high fracture strains; slowly propagating cracks may explain the reduced flow stress. Optical microscopy showed both elongated grains and equiaxed subgrains with some indications of geometric dynamic recrystallization (gDRX) and of static recrystallization (SRX). Compression tests gave higher stress with little effect of the preexisting cracks. The activation energy Quw of current material in satisfactory torsion and compression tests is about 10% higher than previously published. Fe3A1 has body-centered cubic structure in the experimental range, so it was compared with ferritic stainless steel 434C (Fe- 16.55Cr-0.96Mo-0.21Ni). Constitutive constants and restoration mechanism are compared between these materials. While Fe3A1 is hardly a light metal, it is considerably lighter than most steels. Furthermore, like the other body centered cubic metals (BCC) (a-Fe, ß-Ti, ß-Zr and ß-brass), it exhibits a high degree of dynamic recovery (DRV) like Al alloys, producing easier hot workability than that of austentic stainless steels.

Jan 1, 2007

By Shahid Islam, Lucian Bogdan

There is a rapid expansion of world’s infrastructure and simultaneously existing infrastructure is aging. The maintenance of infrastructures has been of particular concern to the engineering community. Monitoring and evaluating the structures have become more significant than ever. Ground anchor is an important part of the structure where it is installed. Unfortunately there are limited testing methods available to assess the force in the pre-stressing steel. High cost, complicated equipment and limitation of space often prevent these methods from being implemented. DYNA Force sensors have been developed to measure the force in the pre-stressing steel during construction and at any time during the lifetime of the structure. These sensors make use of the magneto-elastic properties of ferrous materials. A readout unit is designed to magnetically energize the steel through the sensor and measure the response of the steel to the process. The readout unit then converts the response into a direct force reading. They can be used for bare, epoxy- coated, galvanized and greased-sheathed steel in the bonded, un-bonded, grouted or un-grouted length of the tendon. It measures the force of the steel element at the location where it is installed and can be recorded manually, automatically, or remotely. The sensor is robust, requires no maintenance and it is expected to have a similar service life to that of the surrounding structure. Sensors have received attention in terms of accuracy, performance, ease in installation, durability, and cost effectiveness. Sensor readings provide a second measurement, in conjunction with the jack pressure gauge, of the post tensioning force during initial testing procedure for ground anchors. This paper describes its application in tie-back and tie-down anchors and force monitoring of retaining walls, bridge abutment and dams where the data were collected manually, automated and remotely. INTRODUCTION Our infrastructure is expanding and the existing infrastructure is aging. Some structures are expensive to maintain and some occasionally fail. There is a large demand for implementing health monitoring of structures. Many tie-backs, retaining walls, dams and other geotechnical structures are post-tensioned and many of them need repair using a post-tensioned system. On many occasions during construction and service life of the structure, it is useful to know the force in the post-tensioning and anchor system. Many piles and drilled shafts are designed using reinforcing steel and the compressive forces in reinforcement are unknown. Although there are many methods to measure the tendon force, most of them are cumbersome, expensive, and the accuracy varies depending on the method used.

Jan 1, 2018

Proposed by outstanding electrochemist and electrometallurgist Prof. Raphael Agladze (191 1- 1989), process of copper and manganese co-electrowinning was enhanced to the pre- electrowinning stages: low,temperature co-leaching of copper and manganese containing materials, and to high-temperature co-roasting of the same materials with consecutive leaching. The report presents results of experimental investigations of the processes mentioned above, as well as results of thermodynamic investigations of co-roasting processes, and co- leaching processes computer modeling.

Jan 1, 1997

By Richard B. Jacob

The High Gradient Magnetic Separator (HGMS), also known as the High Gradient Magnetic Filter (HGMF), is an effective device utilized in magnetic separation. This method of separation is gaining popularity in the separation of sub-micron material containing feebly magnetics. The most common use of this type of separator is in the removal of iron stained particles to improve the brightness of kaolin clay. Potential areas for use of this magnet include: (1) desulfurization of coal (2) the clean-up of mill effluent (3) removal of fine particulate matter from municipal and industrial waste (4) desulfurization of oil

Jan 1, 1983