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By M. Visnjic

Open Pit Mine Production scheduling under commodity price uncertainty suffers from an exponentially increasing problem size as simulations and real options flexibility are used to generate and evaluate multiple production schedules. Robustness evaluation techniques attempt to evaluate a production schedule that is generated on a single set of economic parameters against several varying prices and sources of uncertainty. This approach is invalid as the corresponding optimal LOM mine plan will change for each set of evaluation parameters. Using commodity market futures and treasury bonds as production schedule economic input parameters provides fully price and time-value-of-money risked scheduling parameters that maintain a deterministic problem size. This paper will provide comparative analysis of project NPV’s coming from traditional price uncertainty evaluation based on a single fixed LOM mine plan using varying prices versus evaluation based on varying LOM plans that are both generated and evaluated using varying prices. When cross evaluating constant price mine plans against simulations, the upside potential and downside risk of a project are significantly misrepresented. INTRODUCTION The life of mine (LOM) production scheduling problem seeks to answer the question of from where and when to extract a given block within the ultimate pit limit as well as where and when to process it. Solving this problem takes into account the constraints of extracting any particular block while seeking to maximize the net present value (NPV) of the mineral asset as a whole. A direct driver of the value of a block, and there for the entire asset, is the market price of the commodity in question. Complications arise when an optimal production schedule is attempted to be solved under price uncertainty. Many solution methodologies have been proposed in an attempt to optimize under this criterion, yet there are three salient aspects that are overlooked during this process. They are: • Generating a single production schedule and evaluating it against many simulated price paths. • Failing to understand the mechanism describing particular commodity price behavior • Inappropriate risk adjustment In an effort to address these aspects of production scheduling under commodity price uncertainty, we propose a methodology to define the economic parameters as input that is applicable to most if not all production scheduling approaches. This methodology will not only simplify the production scheduling process in terms of establishing block value but utilizes the risk adjustment of real options valuation to avoid the arbitrary blanket risk adjustment of traditional discounted cash flow valuation. Our findings conclude that attempting to optimize around individual price paths is futile and using a market risk adjusted single price forecast provides a justified economic basis for production scheduling while maintaining the same problem size as a deterministic production scheduling problem.

Jan 1, 2019

By Vinay Kumar, Manis Kumar Jha, J. Rajesh Kumar, Archana Kumari, Rekha Panda, Jin Young Lee

Rare earth metals (REMs) play a significant role in the manufacture of permanent magnets, fluorescent lamps, catalysts, medicines, super alloys etc. Recently, China, which controls 97% of world trade in REMs, imposed restriction on its export. Consequently, the global demand of REMs is escalating and is expected to exceed the supply by 40,000 tonnes annually. Present review paper reports the flow-sheets of commercial processes based on pyro-hydro and hybrid techniques as well as systematic research for process development to recover REMs from primary and secondary resources. This review paper also reports the recommendation and future prospective to fulfill its demand and supply gap keeping in view environmental prospective.

Jan 1, 2014

By S. Michael, T. E. Moongo

Electrowinning consumes a substantial amount of electrical energy, and owing to the ever-increasing unit cost of electrical power there is a need to improve current efficiency in the process. This research was carried out to design a continuous quality improvement framework for improving electrowinning current efficiency by applying statistical process control (SPC) on an online industrial copper electrowinning operation. A sequential mixed research methodology was applied and a statistical software package utilized for analysing data. It was concluded that metallurgical short-circuits (hotspots) had the most significant effect on current efficiency. Bringing hotspots under statistical control resulted in a 5.40% improvement in current efficiency, which is equivalent to approximately 74 t of 99.999% pure grade A copper cathode production over a period of 1.5 months.

Jan 1, 2021

By Philip E. J. Green

Two of the cornerstones of total quality management, the use of statistical and problem solving tools, and the involvement of employees, are directly applicable to environmental protection. The reduction in variation decreases the chances of violations and mishaps. Involving employees in minimizing environmental impacts is critical. One mistake, even with the best technology, and your plant can be shut down, customers lost and fines and penalties imposed - your reputation and the environment damaged. Proven strategies for involving employees in environmental protection, and over-coming the frequently strong differences of opinions about what constitutes environmental protection, will be discussed.

Jan 1, 1992

By R. A. Nemchek

Over the years, concentrator plant design has evolved from a large number of small grinding mills to a small number of large mills. In many cases, all of the tonnage runs through a single mill (typically a large SAG mill), so that the plant?s performance hinges on the productivity of this one machine. Industry specifications attempt to address the critical nature of today?s grinding mills in a manner that is often overly complex, neglects economics, and is not clearly focused on the end user?s goals. This paper surveys current industry practices, and proposes an improved approach to standards writing recognizing that product design, procurement, manufacturing, and quality are all inter-related in contributing to a project?s success. The lessons learned here can be extended to specifications for all types of machinery.

Jan 1, 2012

By F. Chevarin

The reaction of O2 with the carbon anode is considered as the main parasitic chemical reaction affecting Hall-Heroult process anodes. The current study aims at investigating the influence of the microstructure of baked anode on its overconsumption. Samples were removed from different positions of an industrial anode. Density, porosity, Lc and BET specific surface area were measured. The anode reactivity was evaluated based on the weight losses for the samples resulting from the reaction of anode with air at 550°C after 7h. The essential parameters determined to control the air reactivity are closed porosity, Lc and pores with a pore entrance radius of 1.5, 8.5 and 12 p.m. The knowledge of effects of these parameters allows better understanding of the reactivity of anodes and consequently reduction of their overconsumption in electrolysis bath.

Jan 1, 2011

By M-A Van Ende, N Kumar, I-H Jung

In order to utilise the powerful thermodynamic databases for process simulations, a concept called Effective Equilibrium Reaction Zone (EERZ) was introduced to couple thermodynamic database calculations and reaction kinetics. Using the EERZ concept, many process simulation models for steelmaking processes have been developed within the FactSage steelmaking consortium. After validation of the simulation results by comparing with plant data, the simulation models have been applied to improve plant operations. Several success stories of the improvement of real steelmaking operations are shared. A new user-friendly FactProSim software developed for building process simulations is introduced.

Aug 21, 2024

By David Mast, Irwan Halim, Seung Han Kim

Fermilab is constructing a large underground cavern in Limestone to house scientific equipment. The cavern will have a complex L-shaped geometry and about 215-foot depth with relatively shallow rock cover, with service/egress shafts accesses into the cavern. Three-dimensional analytical models were developed to study the ground behavior and support performance. Multiple rock constitutive and failure models were evaluated. The models were significantly impacted by the high lateral in-situ earth pressure at the site. This paper will describe the design approaches that were taken to optimize the cavern arch geometry to allow safe construction in shallow rock, and permanent support requirements.

Jun 13, 2021

By Alexander May

The U.S. Bureau of Mines conducted studies to determine if phosphate slag stockpiles at Tennessee Valley Authority's National Fertilizer Development Center were hazardous materials. The stockpiles were not hazardous materials as determined by Environmental Protection Agency (EPA) extraction procedure (EP) toxicity test. Radium-226 concentration was 28.7 pCi/g in slag and 2.1 pCi/g in background material. Radium-226 was not leached from the slag. Fluoride concentration was 3.87 pct in slag, 0.18 pct in subsurface material under slag, and 0.08 pct in the background. Slag material permeability was 1.65 x 10-3 cm/s, and subsurface material permeability was 3.24 x 10-6 cm/s. Rain water, trapped in a depression on top of the east slag stockpile, became seepage water at the base of the stockpile. Concentrations of EPA toxic elements in seepage water were much less than concentrations from an EPA EP toxicity test on the slag. Twelve elements-Na, Mg, Ca, Sr, Ba, Cr, Mn, Co, Cu, Cd, AI, and P-had higher concentrations in seepage water than in rain water on top of the slag stockpiles, or in creek water adjacent to stockpile bases, indicating that they were leached from slag stockpiles.

Jan 1, 1990

By Evgueni Jak

Pyrometallurgy is an important sector of modern industrial society actively participating in solving current environmental, economic, materials scarcity and other challenges. Recent advances in analytical methods, experimental techniques, thermodynamic, phase equilibria and process modelling tools provide new opportunities to increase the productivity of pyrometallurgical reactors, the treatment of complex feeds and metal recoveries. Fundamental theoretical models can now be used to make a significant next step towards the development and implementation of computerised models describing real industrial processes—Virtual Reactors, and computer-aided smart-decision-making systems that may be called Pyro-GPS by analogy to GPS; these developments can facilitate knowledge-based improvement and optimization strategies. The implementation of these improvements require ongoing collaboration between researchers, industry and government

By W. J. S. Craigen, G. E. Wittur

"In the context of today's continuously changing world, there are many factors which must be considered when attempting to assess the ability of Canada's primary copper producers to remain competitive in the face of increasing competition in world markets. In this paper, we have attempted to document those factors that will have the greatest impact on the future viability of Canada's copper industry, and to suggest possible strategies to fully utilize whatever inherent advantages Canada may have to enhance its competitive position. Technological factors related to the efficiency of precious and by-product metals recovery, energy type and utilization efficiency, production and sale of sulphur by-products, and control of 502 emissions are given high priority in this evaluation of Canada's future needs to remain competitive. Particular emphasis is placed on assessing the relative viability of hydrometallurgical versus pyrometallurgical processes for copper; to address uniquely Canadian conditions and problems. Due consideration is also given to the economic incentives required to allow Canada's copper producers to compete under anticipated world market conditions and to facilitate the continued development of Canada's copper resources. IntroductionWhen we try to assess the viability or competitiveness of any industry the bottom line is still usually, ""Can we produce a pound of product cheaper than the competition?"" Canada's copper industry is certainly no exception. However, as with most resource-based industries dependent upon exports, there are many factors which have a significant effect on the cost components which make up the total cost of producing and selling a pound of copper. It is desirable therefore to have as clear a picture as possible of the cost components, the major factors affecting them, and how they compare with the competition, particularly the third-world copper producers.In this paper we have attempted to provide a brief outlook for world copper markets and a brief overview of Canada's competitive position. We have also attempted to document those factors which will have the greatest impact on future production costs, and have suggested possible initiatives to utilize inherent Canadian advantages to enhance our competitive position. Special emphasis has been placed on technological initiatives designed to make full use of these ""advantages"", to develop superior beneficiation and extraction! refining technologies. Major factors considered in the present study are:"

Jan 1, 1986

By G F. Johansen

The erratic and localised occurrence of economic gold grades is a common feature of high-nugget effect gold veins. The nugget effect is a consequence of small-scale geologically controlled enrichment, and the inclusion or exclusion of sparse gold particles because of the sampling process. Such deposits do not always contain visible or coarse gold, and can be characterised by fine gold particles. Economic grade accumulations are generally contained within discrete oreshoots, which are surrounded by barren to low-grade material. Problems are often encountered where small sample types (eg drill core or channel samples) often vastly understate in situ grade, due to their general inability to intersect rare gold particles. As a result, the definition of grade and its distribution is often challenging, and leads to substantial resource uncertainty. Proxies, or indicators for grade, can help the geologist gain a better understanding of grade distribution and grade potential. These are based upon geological (eg mineralogical, textural, etc) and/or geochemical (eg specific elemental ratios, fluid inclusion compositions, elemental correlations, etc) criteria. The paper discusses the use and application of such proxies through three case studies.

Jan 1, 2004

By AIME AIME

ON THE occasion of the eightieth birthday of Captain Robert W. Hunt, the Iron and Steel Committee of the Institute, desiring to commemorate the great contributions made to the steel industry by Captain Hunt during his long career, conceived the idea of a Hunt Medal to be awarded annually by the Institute for meritorious contributions to the art of making steel. The project was received enthusiastically by all to whom it was proposed, especially by Captain Hunt's partners and employees who considered it their right, and asked for the privilege of -. - raising the necessary funds within their own circle. This was agreed to, and the Institute has received from them $7500 as an endowment fund to provide an annual award, and $1000 for the expenses of providing of medal.

Jan 1, 1920

By R J. Thompson

In truck-based hauling systems, the mine haul road network is a critical and vital component of the production process. As such, underperformance of a haul road will impact immediately on mine productivity and costs. Operations safety, productivity and equipment longevity are all dependent on well-designed, constructed and maintained haul roads. With the advent of autonomous haul trucks, the haul road itself becomes all the more critical to the success of these type of operations; not only in relation to mine operators requirements for safer and more efficient and predictable haulage systems, but also in response to autonomous truck manufacturers’ requirements for a more predictable and controlled operating environment. This paper presents a brief summary of the state-of-the-art in surface mine road design and then proceeds to examine the design and technological challenges associated providing a safe, predictable and affordable road for autonomous mine haul trucks. The paper serves as a basis for evaluating the contributions that enhancements in road design and management can deliver to autonomous mining operations, an initiative that also has scope for adoption within the operating life of many mines, haul roads and haul trucks.

Nov 22, 2011

By K. G. Baxter, D. G. Dixon

The Sepon process plant utilises an autoclave to oxidize a flotation concentrate containing pyrite, residual copper minerals, and sulphur. The concentrate is produced from the residue of a preceding atmospheric copper leaching circuit. The function of the autoclave is to provide iron and acid for that atmospheric copper leaching circuit. The key issues in the operation of the autoclave are to maximise the production of acid and ferric ions and to avoid scaling issues related to sulphur balling in the autoclave. Scale control in the autoclave was examined using various dispersants and residue recycle without success. Operation of the autoclave at high temperature and high acidity addressed the scale issue through rapid oxidation of the sulphur and produced a ferric sulphate precipitate in the residue that could be re-leached to provide ferric iron. This paper presents the development steps followed, through batch and continuous piloting that resulted in an autoclave circuit design that addressed the above process requirements. Following definition of the process design basis, modelling of the autoclave operation was carried out to assist with engineering design. The model included thermodynamics and kinetics of oxidation of pyrite, elemental sulphur and covellite and also considered gas/liquid mixing, oxygen solubility as a function of temperature and solution composition, ferrous to ferric oxidation, gangue reactions with acid and precipitation/re-dissolution of basic ferric sulphate and alunite.

Jan 1, 2004

By Yael Miron

Two recent unplanned detonations occurred during blasting operations in sulfide-bearing ores in a Nevada gold mine. Other premature detonations have also reportedly occurred at other Nevada, California, and Arizona operations within the past few years, with increasing frequency. Unplanned or premature detonations can be extremely hazardous to life and can cause extensive property damage. A miner was injured in one of these occurrences. This report, by the U.S. Bureau of Mines, is intended to acquaint personnel involved in such mining activities with the basic causes for these accidents. These causes include the exothermic oxidation of pyrite (FeS2) and formation of ferrous sulfate (FeS04), the exothermic and energetic reaction of the ferrous sulfate with ammonium nitrate-fuel oil (ANFO)-based explosives, and the associated elevated temperatures that can set off detonators and explosives in the boreholes. Recommendations for safe operation by the Mine Safety and Health Administration, the Bureau, and the mine involved with the recent incidents include monitoring temperatures in the blast holes, analyzing for sulfate and ferrous ions, and limiting the time between loading and firing in accordance with conditions in the blast holes. Other procedures for safe operations should fit specific conditions in, the mines.

Jan 1, 1992

By S. A. Scott

In 1913, potash mineralization was recognized at a depth of over 7,000 feet in an oil-well hole (Norcanol's Radville No. 1 well) drilled near the town of Raddlle, Saskatchewan. Although, at this depth, potash is not considered mineable by conventional underground mining methods, this discovery shed the first light on the potash deposits of Saskatchewan in much the same manner as oil-well drilling was responsible for the first discovery of potash in the Carlsbad Basin of New Mexico in 19:25. The discovery near Radville alerted the oil-well geologists and, as a result potash mineralization was recognized in the Verbata No. 2 well, near Unity, Saskatchewan, in 1946. The mineralization, which was at a depth ?of 3,466 feet, graded more than 20 per cent K20 over a thickness of eleven feet. This discovery, as its depth, thickness and grade were all amenable to mining,

Jan 1, 1963

By Paul Hatmaker

Diatomite is the name now generally given to a mineral substance composed of the tiny , skeletal remains of diatoms , which are microscopic , flowerless , water plants related to the algae ... This residuum is essentially hydrous amorphous silica. Common names for diatomite are : Diatomaceous earth , tripolite , kieselguhr , and infusorial earth . Strictly speaking , however , the latter material is not diatomite , as it is composed of the fossil remains of infusoria , which usually do not occur with the diatomaceae . Other synonyms for diatomite are : Diatomaceous silica , kieselmehl , bergmehl , diatomeenpeelite , polirschiefer , moler , molera , molererde , de smid earth , fossil flour , mountain flour , farine fossil , white peat , radiolarian earth , chalk rock, ceyssatite , randanite , and tellurine ; also various diatomite products of individual companies are known by their own trade names . Diatomite should not be confused with fuller's earth , for the two are separate and distinct substances . Bentonite , pumice , and tripoli , have also been used erroneously to designate diatomite . Tripolite , however , is a true diatomite formerly mined near Tripoli ..

Feb 1, 1931

By Roy L. Soderberg

The Bureau of Mines has conducted substantial research on the design, construction, and operation of metal and nonmetal tailings ponds. This design guide, like related Bureau publications that preceded it, is produced to assist the industry in the management of mill tailings disposal. It covers the site selection, sampling, laboratory testing, design, construction, operation, and inspection of tailings embankments. The effects of environment, topography, and hydrogeology are also included, and various methods of stability analysis and factors affecting stability are reviewed. Because of the diversity of problems encountered in tailings embankments, specific solutions are not intended. The guide is, however, a useful checklist for designers, operators, and inspectors of this type of structure.

Jan 1, 1977

Prof. A. Ledebur, Freiberg, Saxony :* Mr. Sauveur has presented and enriched with original observations a valuable summary of the theories advanced hitherto concerning the hardening of steel; but in one particular, it seems to me, his statements call for correction. He says:

Jan 1, 1898