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By Gary P. Thomason

We have all heard a great deal about how various projects were financed or certain companies were successful in obtaining a bank loan. There are many more projects and companies who fail to get the money they need. At least a portion of these failures, and a large percentage of the frustrations connected with even the successful financings, are a result of not understanding the process of obtaining money. Recent years have seen a proliferation of sources available to finance minerals operations, but let me assure you that these represent only a minor portion of the minerals financing market. The fundamental source of borrowed money to almost all minerals related companies remains the banks. Therefore, understanding the "Loan Approval Process" can easily mean the difference between getting the money or not. In the following pages I hope to provide some insight into what I define as the loan approval process. Having pre-offered my definition, I intend to delineate the various stages of the process and the planning and information I believe should be contained in each. My ultimate goal is to help you think like a banker and, in so doing, stay on top of the process so that you can successfully obtain the funding necessary for your projects.

Jan 1, 1983

By W. E. Robinson

Oil-shale kerogen was processed into oil and oil products before the first oil well was completed by Drake in 1859. However, because of economic and other advantages, natural petroleum has been the principal source of liquid fuels and lubricants since 1859 and is a convenient root of many [organic] chemicals in common use today. In recent years the difference has narrowed between the cost of producing liquid fuels from well petroleum and other sources. This narrowing of cost difference has resulted both from the increased cost of finding new sources of petroleum in the United States and the experimental demonstration of lowered costs for synthetic liquid fuels by the Federal Bureau of Mines and by industry. Available petroleum resources of this country are being reduced and eventually may be inadequate to meet the demand. Alternate means of assuring an adequate supply of liquid fuels for this country include the development of processes for utilizing other carbonaceous materials such as oil shale and coal.

Jan 1, 1960

By Karl J. C. Harries

"2.1. INTRODUCTIONNo agreement can be perfect in the sense that it contemplates and provides for all eventualities. Mineral acquisition agreements are usually negotiated and drafted at a time when an orebody is no more than a gleam in a geologist’s eye, so it is hardly possible to provide for development and operation in other than the most general terms. However, an agreement that stops short of contemplating the possibility of an orebody and production is ill-advised. Accordingly, it is important to provide procedures to make decisions that will let the project proceed, even in the face of a fallingout between parties. Whether the parties are shareholders in a corporation or venturers in a contractual common undertaking like a joint venture, differences of opinion and disputes will occur. Unfortunately, more and more are ending up before the courts. Besides greed and the growing tendency in society to fight rather than talk, there are other factors that contribute to the increase of litigation. In some jurisdictions, agreements have tended to become complicated, often defying interpretation, even by a lawyer, and explorationists want their budgets to go into the ground as constructive work rather than into a lawyer’s pocket. All this has led to a growing tendency for corporations to take the attitude that the chances of finding a mine are, at best, marginal and there are lots of earlier agreements in the files to draw from, so why not prepare their own agreements? As discussed in the preceding chapter, this can be folly. All these factors can quickly have parties facing each other in court while a project sits idle. Added to this is the problem that, in some jurisdictions, lawyers may take cases on a contingency-fee basis, sometimes promoting the pursuit of a nebulous claim.When an orebody is discovered, someone will always want some, or more, for himself. There is a breed of “prospectors” who prospect for legal actions, on the somewhat sound grounds that a major corporation will buy off nuisance litigation, rather than incurring the cost and effort of attacking even a poorly founded claim in the courts. They may even find a winner. Besides, it is far more comfortable and relaxing to prospect for problems and legal niceties than to prospect for an orebody.1 In short, it is appropriate to consider briefly some of the factors relating to lawsuits and judgments. Although many of the comments are made in the context of the common law and the Canadian legal system, most of the concepts and suggestions are applicable to any legal system."

Jan 1, 2003

By H. Harzer

Statistics Canada record s indicate that in recent years 70 to 80% of the entire Canadian coal production originated from Western Canadian mines, in which about 55 to 65% of the coals are bituminous. Until recently, less than 20% of the latter were extracted by underground methods , the remainder being surface-mined. However, it is estimated that within the foreseeable future up to 80 or 90% will have to be gained by underground techniques. Although Western Canadian coal resources are considerable, they are unfortunately locked in severely distorted, steeply pitching and faulted seams of variable thickness. Consequently, their economic extraction poses serious engineering problems. One possible solution to the problems is to apply hydromechanical methods to underground mining. This is a well-proven method shown to be economically viable under Western Canadian conditions. This paper endeavours to widen the scope of published data on hydraulic coal mining and is based on practical engineering and cost data gathered through contacts with West German designers and operators of hydraulic mines.

Jan 1, 1978

By Fred P. Dewey

The product of the Muirkirk, Md., furnace has always enjoyed a very high reputation for strength ; and this is supported not only by its behavior in practice, both alone and in mixtures, but also by the following series of tensile tests, made at various times during the last fourteen years: South Boston Iron Co., November loth, 1874. Strength. Pounds Grade. per square inch. Density. No. 3,....... 30,685 7.2794 No. 4,....... 35,140 7.2713

Jan 1, 1889

By Gary P. Sames

This U.S. Bureau of Mines study was conducted in eastern Kentucky drift mines as part of an ongoing research program to characterize the outcrop barrier zone. "Hillseams" were identified as the dominant geologic cause of roof instability unique to the outcrop barrier zone, with many roof fall injuries and fatalities attributed to them. Hillseam is the eastern Kentucky miners term for weather-enlarged tension joints that occur in shallow mine overburden where surface slopes are steep. Hillseams are most conspicuous within 200 ft laterally of a coalbed outcrop and under 300 ft or less of overburden. Hillseams form by stress relief, and therefore tend to parallel topographic contours and ridges. They can intersect at various angles, especially under the nose of a ridge, and create massive blocks or wedges of roof prone to failure. Examples of hillseams are described in both outcrop and in coal mine roof to establish their geologic character and contribution to roof failure.

Jan 1, 1989

By C. O. Browner

Dados los altos costos que implican la explotación de una mina a tajo abierto, se ha previsto excavar los taludes de las minas lo más erguidos posible. En este sentido, el objetivo del texto describe los métodos actuales para evaluar la estabilidad de los taludes en roca. Para ello, se revisa la influencia de las estructuras rocosas, el agua subterránea y la voladura sobre la estabilidad de los taludes de los tajos. Asimismo, se consideran las condiciones de roca intemperizadas, las lluvias y los temblores presentados en algunas áreas del Perú. Producto de esta revisión, se analizará los problemas típicos de estabilidad para diversos proyectos mineros.

Nov 20, 1972

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Jan 1, 1957

By F Grobler

Many projects fail because project performance in unfavourable economic conditions was not anticipated at the investment decision stage. This type of failure may have been avoided through the selection of a strategy that enables the project to perform well under a range of possible future economic conditions (a ærobustÆ strategy); rather than an æoptimalÆ strategy for expected future conditions that will never eventuate. This paper describes a method of rapidly generating mine plans for a number of project strategies, and then evaluating it against a representative range of equally likely economic conditions. The key performance indicators derived for each strategy are the mean value and the distribution of values (variance). A prudent investor will identify prospective strategies not only on the merit of highest mean values (as a proxy for economic reward), but also on the probability of not meeting specified investment hurdles (a proxy for risk). A robust strategy will achieve its financial objective even under adverse economic variations. This paper focuses on the effect of commodity price uncertainty; particularly around the choice of mining and processing capacity levels. Results from enumerating 2000 prices scenarios against 63 strategy combinations show how processing and mining capacity can be manipulated to manage the risk-reward trade-off.

Sep 26, 2011

By Gailen T. Vandel

El presente texto describe la historia, geología, exploración, actividades de explotación como parte de la construcción de la planta de beneficio en la Bahía de San Nicolás, Marcona. Dicho proyecto contempla una ampliación del la planta de chancado y almacenamiento de la mina, así como la faja transportadora de bajada a San Nicolás y red de carreteras. Asimismo se incluye la planta eléctrica Diessel y transmisión, el muelle y zona abycente, la expansión de esta planta para el tratamiento del chancado, la planta de la peletización y la planta térmica. Con la implementación de estos elementos a la planta de Marcona, se convertirá a la región en uno de los centros industriales de mayor importancia en Sudamérica.

Jul 20, 1961

Executive ARTHUR S DWIGHT, Chairman B THAYER CHARLES F RAND P MATHEWSON J V W REYNDERS Membership WILLIAM H BASSETT, Chairman W Y WESTERVELT Vice-chairman P MATHEWSON H G MOULTON F T RUBIDGE Finance WALTER H ALDRIDGE, Chairman GEORGE D BARRON GALEN H CLEVENGER

Jan 1, 1923

By Jian Zhou, Shuai Huang, Wenqin Xi, Kun Du

The deep oceans harbor a wide variety of mineral resources that are characterized by their abundance and high quality. Nations worldwide are actively pursuing the exploration and extraction of these resources. This paper provides a concise overview of the mineral resources found in the deep sea, highlighting the challenges associated with their exploitation. Furthermore, it presents a comprehensive analysis of the historical development of deep-sea mining technology and equipment, offering valuable insights into this field. By examining the current issues and obstacles faced in deep-sea mineral extraction, this study concludes that the future of deep-sea mining lies in the direction of automation, intelligence, and standardization. Additionally, it identifies the key technological advancements that need to be achieved in order to overcome the challenges associated with deep-sea mining.

Jan 5, 2024

By J. S. Hansen

In support of its objective to conserve mineral resources by minimizing premature failure of materials, the Bureau of Mines conducted a cooperative study with the U.S. Department of Energy on the erosion and abrasion resistance of hard materials for valves in coal conversion systems. This report describes a newly developed erosion-testing apparatus and presents data on the erosion resistance of over 200 materials. Erosion resistance of most metals was comparatively low. In contrast, ceramics and cermets such as B4C, WC, SiC, Si3N4, and TiB2, when fabricated to minimize porosity, displayed greater than five times the erosion resistance of metals. Coatings such as boron diffused into Mo and WC, chemical-vapor-deposited TiCN, and electrodeposited TiB2 were highly erosion resistant if applied in thicknesses ranging from 60 to 75 µm. Erosion resistance of cemented carbides was inversely related to metal binder content.

Jan 1, 1979

The panic bars (and associated linkages and electrical circuitry) that are defined in this document are a machine operator-actuated control for the emergency deenergization of the tram motors on self-propelled, electric and diesel face equipment; including haulage equipment such as shuttle cars. There are nine basic types of panic bars (and several variations) that are recommended in this document, but all of the panic bars are characteristically of the "fire door" type that is frequently encountered on outside exit doors of many public and some commercial buildings. It is also the intent of the following panic bar designs that, when emergency brakes are added to the face equipment machinery for which they are required, that they be designed and hooked up so that actuation of the panic bar will result in automatic application of the emergency brakes (immediately following the deenergization of the tram motors). The following panic bar design requirements are a restatement of the proposed requirements defined in the Federal Register, requirements cited in 'Guidelines for the Design and Installation of Devices for Deenergization of Self-Propelled Electric Face Equipment/ Automatic Emergency Brakes" by C. E. Lester and J. D. Greenhalgh of MESA, and Bendix recommendations that were formulated as a result of discussions with personnel at the various machine manufacturers and underground coal mines that we surveyed, discussions with G. L. Judy (our consultant), etc:

Jan 1, 1974

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Jan 1, 1958

By J. C. Agarwal

Do large-scale projects in mining and smelting start up and achieve expected capacity on schedule? In most cases not. Regardless of worldwide location, company know-how, or financial backing, unforeseen delays occur. A comprehensive CRA study for the World Bank shows that delays are the rule, not the exception, in most mining and smelting projects. When delays are not factored into analysis and planning, financial projections are, literally, not to be believed. Returns on investment will seldom achieve their targeted level because of startup delays. This paper reviews the results of our analysis of startup of new mines, mills, and smelters; provides a detailed discussion of why delays occur in the smelters and refineries; presents the cash flow implications of startup delays; and discusses preventive measures that should be taken to avoid financial shortfalls,

Jan 1, 1983

By Andrea Lisjak Bradley

Clay shales are currently being assessed as possible host rock formations for the deep geological disposal of radioactive waste. However, one main concern is that the favourable long-term isolation properties of the intact rock mass could be negatively affected by the formation of an excavation damaged zone (EDZ) around the underground openings. The goal of this thesis was to develop and validate a mechanically-based model of the deformation and failure process of a clay shale, namely Opalinus Clay (OPA), with particular focus on the influence of anisotropy on the short-term response of circular tunnels. To achieve this goal, a hybrid continuum-discontinuum numerical approach was developed in combination with new field measurements from the Mont Terri underground research laboratory. The response of OPA during the excavation of a full-scale emplacement (FE) test tunnel was characterized by geodetic monitoring of wall displacements, radial extensometers and longitudinal inclinometers. The deformation measurements indicated strong directionality induced by the combined effect of in-situ stress field and bedding planes striking parallel to the tunnel axis, with the most severe deformation occurring in the direction approximately perpendicular to the material layering. Computer simulations were conducted using a newly-extended combined finite-discrete element method (FEM/DEM), a numerical technique which allows the explicit simulation of brittle fracturing and associated seismicity. The numerical experimentation firstly focused on the laboratory-scale analysis of failure processes (e.g., acoustic activity) in brittle rocks, and on the role of strength and modulus anisotropy in the failure behaviour of OPA in tension and compression. The fracturing behaviour of unsupported circular excavations in laminated rock masses was then analyzed under different in-situ stress conditions. Lastly, the proposed modelling methodology was applied to the aforementioned FE tunnel to obtain unique insights into the EDZ formation process around emplacement tunnels for nuclear waste. The calibrated numerical model suggested delamination along bedding planes and subsequent extensional fracturing as key mechanisms of the damage process potentially leading to buckling and spalling phenomena. Overall, the research findings are already having a direct impact on the preliminary design process of an underground repository for nuclear waste in Switzerland.

Jan 1, 2015

By Frank H. Reed

This report is one of a series written by members of the Solid Fuels Mission to Germany describing wartime developments in the mining , preparation , and utilization of coal . This mission was organized early in 1945 under the auspices of the Technical Industrial Intelligence Committee , which cooperated with a counterpart British committee . The Solid Fuels Mission operated under the direction of a steering committee headed by Dr. C. J. Potter , Deputy Solid Fuels Administrator . The personnel of the mission consisted of H. F. Yancey, in charge , J. W. Buch, Thomas Fraser , L. L. Newman , and L. D. Schmidt of the Bureau of Mines ; H. H. Lowry , Director of the Coal Research Laboratory , Carnegie Institute of Technology; H. J. Rose , Vice - president and Director of Research , Bituminous Coal Research , Inc .; and F. H. Reed , Chief Chemist , Illinois State Geological Survey . Over 50 reports were written by the members of the Solid Fuels Mission . These , together with microfilms of supporting data obtained in the course of the investigations , are on file at the Bureau of Mines , Washington , D. C. , where they are available for public examination . The Office of the Publication Board in the Department of Commerce is prepared to furnish photolith copies , photostats , or microfilm reproduction of all declassified reports . A Bibliography of Scientific and Industrial Reports is issued weekly by the Department of Commerce , Office of the Publication Board , and is sold by the Superintendent of Documents , Government Printing Office , Washington 25 , D. C. , on a subscription basis . An initial payment of $ 10 will provide for approximately 9 months , and subscribers will be notified when additional remittance is necessary . All subscriptions will begin with volume 1 , No. 1 , unless ordered otherwise . The Bibliography, covers all materials and subjects and gives instructions for obtaining the desired items . The reports of the Solid Fuels Mission relate to the following general subjects : Mining methods in the Ruhr district of Germany , with special reference to mechanical cutting and loading equipment , pneumatic packing , and Diesel mine locomotives ; activities of industrial research laboratories supported by the German coal and coke industry ; coal preparation in western Europe ; low- temperature carbonization processes ; metallurgical coke from

Jun 1, 1948

By A. C. Johnson, es Hol, E. O. Binyon

"INTRODUCTION AND SUMMARYThe tungsten properties of Lincoln Mines, Inc., and North Tem Flute Mining and Development Co. were first explored by the Bureau of Mines in 1942. Work on the project comprised trenching, sampling, a small amount of road and trail construction, and a small amount of core drilling. From April 13 to December 10, 1944, additional diamond drilling was done by the Bureau of Mines to test the lateral and downward extensions of the various tactite zones along the contact south of the Lincoln mine, including the property of the North Tem Piute Mining & Development Co.Claims leased by the Lincoln Mines, Inc., are in secs. 25 and 36, T. 3 S., R. 56 E.; secs. 30 and 31, T. 3 S., R. 57 E.: and sec. 1, T. 4 S., R 56 E., M. D. B. & M., in the Tem Piute Mining District, near the north end of the Timpahute Range in west central Lincoln County, Nev. D. B. Fegles is president of Lincoln Mines, Inc. and general offices are in the Wesley Temple Building, Minneapolis, Minn.In June 1945, the Atolia Mining Co. leased the property and purchased the mill and mining equipment from Lincoln Mines, Inc. P. R. Bradley is president of the Atolia Mining Co., whose offices are in the Crocker Building, San Francisco, Calif. This company surrendered the lease on the property on September 30, 1948. The property owners are continuing operations and are now engaged in building a 20-ton mill.The claims of the North Tern Flute Mining & Development Cc. are in sec. 1, T. 4 S., R. 56 E., M. D. B. & M. Merle F. Schofield is president of the company and maintains an office at Hike, Nev. These claims were leased by H. P. Laslett, of the Utah Nevada Mining Co., in 1945 and by the Atolia Mining Co. in 1946. The owners are now doing some exploratory work."

Jan 1, 1950

By Richard Cole

The Energy Act of 1992 has many users of ac-induction motors eyeing premium-efficiency motors with mixed feelings and perhaps some confusion. When the October 1997deadline arrives for compliance with the1992 standards, the winners will be the environment due to reduced need for more power generating plants and the petroleum economy because of reduced dependency on foreign oil. But what will it mean for industrial users? The most obvious benefit is the potential for smaller electricity bills. Motors account for about 64% of the electricity consumed in the United States, at a yearly cost of $112 billion. Every 1% reduction in motor demand cuts 0.64%, or $716 million, off the industry wide bill. Higher efficiency motors also run cooler. This lightens the load on air-conditioning systems and further reduces plant demand. Lower total demand can lead to lower rates by helping to minimize peak-demand surcharges. As rates increase over time, these savings get bigger.

Jan 1, 1996