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By J. A. Botín

NPV is a static measure of project value which does not discriminate between levels of internal and external risk in project valuation. Due to current investment project?s characteristics, a much more complex model is needed: one that includes the value of flexibility and the different risk levels associated with variables subject to uncertainty (price, costs, exchange rates, grade and tonnage of the deposits, cut off grade, among many others). Few of these variables present any correlation or can be treated uniformly. In this context, Real Option Valuation (ROV) arose more than a decade ago, as a mainly theoretical model with the potential for simultaneous calculation of the risk associated with such variables. This paper reviews the literature regarding the application of Real Options Valuation in mining, noting the prior focus on external risks, and presents a case study where ROV is applied to quantify risk associated to mine planning.

Jan 1, 2012

By Paolo Heiniger

The aim of this paper is to present the operative solutions devised and then adopted to implement the underexcavation (soil extraction) of the Tower of Pisa, by means of soil extraction. The intervention has been performed by the Consorzio Progetto Torre di Pisa, a joint venture made of five qualified Italian companies (Trevi S.p.A. , Rodio S.p.A., Italsonda S.p.A., Ismes -Enel Hydro S.p.A., Bonifica S.p.A.), selected for their experience in the field of monitoring and restoration of monuments, structural design, foundation engineering and specialised works in underground conditions. Since 1991 the Consorzio has been charged with the specific task of implementing, within the contractual frame of a Concession, all the decisions made by the International Multidisciplinary Commission appointed by the Italian Government the previous year, with the aim at solving the «problem» of the Tower, strengthening the structure and stabilising its foundation. The Trevi Group, which is represented by Trevi S.p.A. in the above mentioned Consorzio, has given and is giving its direct and constant contribution and is engaged in supplying the special equipment to the operation and the drilling technology which has been successfully adopted to date.

Jan 1, 2000

By F. P. Miknis

Previous studies at the Bureau of Mines have shown that broad-line nuclear magnetic resonance (NMR) techniques have potential applications for rapid evaluation of oil-shale deposits. In a continuation of this study the techniques of pulsed NMR have been applied in a similar manner. The basis for the pulsed NMR oil-shale assay method lies in the assumption that the free induction decay (FID) amplitude following a 90° pulse is proportional to the potential oil yield. This assumption was tested on two groups of oil-shale samples, numbering 141 and 263 samples, from two different oil-shale cores. For both groups of samples a small number were selected as calibration samples. Free induction decay amplitude measurements were made on the 141 and 263 samples. The best least-squares regression line was obtained for the calibration samples, and the oil yields of the remaining samples were calculated using the slopes and intercepts obtained in the regression analyses. The agreement between measured and calculated oil yields was good, the indexes of determination being 0.93 and 0.89 for the groups of 141 and 263 samples, respectively.

Jan 1, 1974

By Peter Zhang, Daniel Su

Following the first longwall excavation at a deep-cover gas well site, the pre-mining modeling prediction of longwallinduced casing deformations in the fully cemented production casing were in excellent agreement with post-mining Caliper survey results. However, after second panel mining, the post-mining Caliper survey revealed a large plastic deformation near the top of the Pittsburgh Seam. The focus of this paper is to identify the possible cause of such an anomalous deformation. Very high longwall-induced casing stress near a thick claystone layer at 23 feet above the Pittsburgh seam horizon was identified as the primary cause. Leaving the production casing uncemented or using softer cementing material between intermediate and production casings is identified as the best practice.

Feb 1, 2024

By A. J. Basu

An overview of the evolution of computerized mine planning and design has been given, emphasizing the need for a knowledge-based system for planning and design of underground coal mines. An outline for the development methodology and procedure has been provided. Problem structuring guidelines have been used to incorporate intelligence and integration to the design modules. A skeletal model for a mine planning and design expert system has been prescribed, and the development process has been documented in detail. A feasibility prototype has been developed to test the structure of the skeletal model and to ensure completeness of the design process. The feasibility prototype development and its contribution toward proto typing has been addressed in this paper. At present, prototype development is underway. The prototype is expected to be avail-able for testing and implementation in early 1991.

Jan 1, 1991

By H. Miller

In recognition of the need for a portable low-profile hard rock crusher, the Bureau of Mines sponsored the development of such a unit capable of moving up as the face advances. By allowing primary ore reduction at or near the mine face, the advantages of conveyor haulage From the face as demonstrated in soft ore and coal mines, could be realized for hard rock Brines as well. This report presents the results of a development and testing program for such a portable low-profile crusher, designed by Eagle Crusher Company and called the M44. The unit has an extremely low vertical profile considering its size and capacity. The crushing jaws, which form the crushing lumber, are inclined, with the lower jaw mounted for eccentric movement relative to the stationary upper jaw. This provides efficient crushing while also forcing material through the crushing chamber. As a result, the inlet feeder can be disposed horizontally. To facilitate correct processing of different materials, the size of the discharge opening and the action of the movable crushing jaw are variable. The unit also incorporates a feeder hopper and discharge conveyor that provides for efficient ore handling through the machine. Tests demonstrated the M44 Crusher's high capacity, efficiency and reliability. During testing, it crushed over 120,000 tons of materials of up to 32,000 psi compressive strength at production rates in the 200-350 tons/hour range. The unit operated smoothly under simulated low-headroom conditions, and Proved readily transportable.

Jan 1, 1983

By John Babcock, Bryan C. Smith

In a partnership between Luck Stone Corporation and Loudoun Water, a 42” (1.067m) steel pipeline was constructed along the perimeter of an extensive permitted reserve of diabase rock Luck Stone was about to begin mining. Loudoun Water provides drinking water and wastewater services to over 75,000 households in Loudoun County, Virginia. In discussions to establish the 30-foot (9.1 meter) easement for Loudoun Water within the permitted reserve of diabase rock, Luck Stone and Loudoun Water agreed on the following basic conditions: • Luck Stone could execute production blasting as close to the easement as physical conditions of overburden depth permits. We estimated the minimum distance to be about 75-feet (22.86 meters) from the centerline of the pipe. • Loudoun Water would install strain gauges on the pipe every 500-feet (152.4 m) along the entire length of the future reserve area. This resulted in the installation of 18 strain gauges. • Luck Stone would contract a third-party vibration monitoring company, agreed to by Loudoun Water, to monitor the strain gauges and provide seismograph reading at appropriate locations along the pipe as mining progresses. All information would be provided to Loudoun Water. • Luck Stone’s blasting will be conducted in a manner that ensures the recommended strains are not exceeded.

Jan 1, 2019

By M. Hamarat

Freeport-McMoRan Copper & Gold (FCX) is committed to preserving and enhancing biodiversity in the areas in which we operate. As a member of the ICMM, FCX is committed to implement the 10 Sustainable Development (SD) Principles throughout our business. FCX is also a member of the Wildlife Habitat Council (WHC), a nonprofit coalition dedicated to protecting and enhancing wildl ife habitat. In alignment with ICMM SD Principle 7 and our Environmental Policy, FCX has set a performance goal to prepare a biodiversity inventory in 2010 and land management plan by end of 2011 for all active mining sites. In 2010 FCX established a Biodiversity Task Force to assist sites in biodiversity management; optimize use of resources around the globe; implement FCX goals and targets; and align biodiversity programs with ICMM principles and guidance. The task force consists of Environment and SD Department management, scientists and engineers from FCX sites, and WHC staff. The Task Force recently issued a biodiversity inventory guidance document to set expectations and provide consistency across the sites when developing a biodiversity inventory and land management plan.

Jan 1, 2011

North American Coal is a subsidiary of NACCO Industries. Originally founded as Cleveland and Western Coal in 1913, North American Coal took its present name in1925. Today, North American Coal is one of the 10largest coal producers in America, mining about 32Mt/a (35 million stpy). The company mines primarily lignite for electric utilities. Its current operations are in North Dakota, Texas, Louisiana, and Mississippi. In addition, North American Coal’s Florida operation provides dragline mining services for quarries that produce more than 18Mt/a (20 million stpy) of limerock. With more than 1.8 Gt (2 billion st)of bituminous and lignite coal re-serves in the United States, North American Coal constantly seeks new technologies to keep its operations modern, productive and cost competitive.

Jan 1, 2004

By F N. Baez

This paper supplements a keynote address prepared for the MassMin 2016 conference on mass underground mining methods, including block, panel, inclined and sublevel caving. It advocates for a new cave mining paradigm that takes advantage of a number of new and disruptive technologies or innovations that have evolved over the last 15 years, some of which were initiated by major mining companies such as Codelco. The paper will address the challenges that the industry will be facing in the future as well as possible solutions. As background, the paper summarises the challenges that the industry has faced in the past and how such challenges were addressed. The author acknowledges that given his more than 30 years of experience with Codelco Chile (operations and corporate), aspects of his intelligent mining concept have no doubt been influenced and have matured during his invaluable time with Codelco also as the Head of Technology and Innovation. In the paper, he uses some of the innovations developed within Codelco and by the Chilean Government to illustrate the concept of ‘intelligent mining’.CITATION:Baez, F N, 2016. ‘Intelligent mining’ – the way of the future, in Proceedings Seventh International Conference and Exhibition on Mass Mining (MassMin 2016), pp 3–8 (The Australasian Institute of Mining and Metallurgy: Melbourne).

May 9, 2016

By W. G. Worcester

THE chief object in presenting this paper on bentonite is to attract general attention to one of the least known and most neglected industrial minerals of Canada, a mineral of extensive commercial possibilities, as evidenced by its development and exploitation in other countries, principally in the United States and Germany; countries upon which some of our most important Canadian industries are dependent for their supply of special clays, such as Fuller's earth and activated bentonite. It was in view of these conditions and the knowledge of the presence of large quantities of bentonite in the Canadian West that the work here reported on was under-taken. While the investigational studies have not been completed, the results indicate that among the many samples tested there are some of real merit and industrial importance. While it has been the author's privilege to examine deposits and samples of bentonite from all of the Western provinces, his chief activities in the field and in research studies have naturally been confined largely to Saskatchewan materials. Notwithstanding this, however, this paper is presented in the hope that it may stimulate a more general interest in, and study of, Canadian bentonites as a whole, a matter of such importance that provincial boundary lines should be overlooked. GENERAL CHARACTERISTICS OF BENTONITE According to Schurecht and Donda (1), bentonite is commonly composed of the mineral montmorillonite, (Mg,Ca)O.Al203 5SiO2 .nH2O, though some are known to consist of beidellite, Al2O3 3SiO2.nH2O: where n is approximately 4, and in certain cases the Al2O3 may in part be replaced by Fe2O3. For present purposes, however, it may be sufficient to state that, in general, bentonite is a "soapy' clay-like mineral or group of minerals composed largely of hydrous aluminium silicate, but frequently carrying small percentages of the alkalies, alkaline earths, and free silica, as well as silicates, gypsum, and other admixed detritus such that purification is usually necessary.

Jan 1, 1937

By Angel Rafael Fernandez, Yahya Khader Al-Harbi, Benjamin Cebrian Romo, Antonio Morato Medina

The kingdom of Saudi Arabia has set the goal to diversify their economy from oil into different fields including mining. As the vast Arabian Peninsula is explored, orebodies of Aluminium, Copper, Gold and Phosphates are found in high grades and tonnages. Hard rock is present in most of the projects and require high quality blasting in regard to ore dilution, wall control and fragmentation. Maaden Gold has currently 4 open pit mining operations 1 new opening and 2 underground. More projects are coming online in the next few months and years. A new generation of mining engineers need to apply drilling and blasting techniques that compete with modern and efficient open pit and underground mines.

Feb 6, 2023

The Newmont Boddington Orebody (NBO) is a large, diffuse Au/Cu orebody in Western Australias South-West corner with approximately 20Moz Au in current Reserves. The current sulphide Resource is reported after calculation with the non-linear estimation technique Uniform Conditioning to account for the mining selectivity being smaller than the average drillhole spacing. Simulation of Au grade is also run over the entire orebody reviewing risk and uncertainty. There are differences in results from the two methods. These have been investigated and the lessons learned of the influencing parameters and effect of technique alone, are helpful for applications to other orebodies.

Jan 1, 2010

By AIME AIME

THE 130th Meeting of the Institute was held in Birmingham on Oct. 13 to 15, with visits to other mines and districts before and after. The last visit of the Institute to Birmingham was made in 1888, thirty-six years ago, and vast development has been made in' the district since then. With proverbial southern hospitality compounding over this period of years the welcome given to the Institute was such that .it is difficult to express properly the gratification and appreciation of the visiting members and the officers of the Institute. The Birmingham News in an editorial said: Birmingham is duly appreciative of the presence of these gentlemen, not because they are all distinguished in their great services in the mining and metallurgical world, but for the further reason that our interests are very largely wrapped up in their deliberations. Birmingham is one of the great industrial centers of America. Their discussions are of vital concern to all of us.

Jan 1, 1924

By John Norman

This paper will cover blasting techniques that are applicable to underground and other rescue that involves removing obstacles and breaking rock in close proximity to rescuers and subjects.

Feb 1, 2020

By Bruce Kennedy, Charles Bruce

MINERAL EXPLORATION 'The Function of Exploration Mineral exploration aims at locating the presence of economic deposits and establishing their nature, shape, and grade. As all ore bodies are finite, exploration is essentially the lifeblood of the mining industry. It is divided into two phases, reconnaissance and target investigation. It involves geological mapping, geophysical prospecting (aerial and ground or both), geochemical surveys, prospect drilling, and/or exploratory under-ground workings. Successful exploration is followed by development drilling, mine development, and eventually operation. In underground mining, the term "ore" is applied rather loosely to metalliferous rock that can be profit- ably mined, but nonmetallic industrial minerals and energy related materials constitute a large and growing portion of the tonnage extracted by underground methods each year. It is appropriate, therefore, to consider exploration as the search for any useful substance occurring in the earth or in the oceans that is of sufficient value as to volume, grade, chemical and physical com- position, and location as to make extraction by mining commercially profitable for the investment required. The Selection Process The search for ore includes hundreds of mineral commodities. The more successful exploration organizations tend to restrict the search to the mineral commodities for which they have strong exploration expertise and which have a high probability of being concentrated in areas open to exploration and development in sufficient volume, grade, and proximity to the surface to warrant the large expenditures of risk capital in finding an ore body. Special expertise is needed to engage in mineral exploration and development for the extended periods required for success. Individual prospectors continue to discover mineral occurrences, but it generally takes an organization with strong financial resources to carry the exploration process forward to the point of developing "ore." Still greater corporate resources in the form of management, engineering, and sales capability are needed to develop an ore body into an operating mine. In the past, companies other than those engaged in mining rarely conducted exploration, since they lacked the technical skills and know-how to bring a mine to fruition. A notable trend in recent years has been the success of other resource-oriented firms, such as petroleum companies, that have not only acquired the necessary skills to engage in exploration for hard minerals, but are doing so on a far more intensive scale than known in the industry heretofore. The desire to diversify from increasingly regulated oil and gas, the potential for the discovery of a bonanza, and the large scale of mining projects for these capital-intensive firms are the attractions. US government and certain international organizations, such as the United Nations, have fielded sizable exploration programs in the past decade on behalf of Third World countries wherein many of the world's higher grade deposits and scarce mineral resources are located. The level of overall mineral exploration in the industry is, regrettably, closely geared to the business cycle. Accelerated search during the periods of strong demand, shortages, and high prices, together with the long lead times necessary to develop mineral finds, often creates surges in supply which invariably are followed by a collapse in prices. The trend is, therefore, to exploration funding by larger better-endowed firms having the staying power to weather the cyclical nature of mining. Tax incentives, tariff policies, and other incentives have a decided impact on the level and nature of exploration. Surface mining regulations and environmental forces have fostered a renewed interest in under- ground development despite the lower average costs of surface mining. Spiraling inflation has caused mining costs to outpace prices for many mineral substances. Organizations increasingly are directing their search away from high- grade but limited tonnage occurrences toward low-grade disseminated bulk tonnages amenable to mining on a vast scale. Mining continues, therefore, to grow even more capital-intensive with half-billion-dollar mine-mill- smelter complexes now commonplace, compared with the hundred-million-dollar projects of a decade ago. Reconnaissance Exploration Having elected to search for specific mineral commodities, the exploration company narrows its focus to a reconnaissance of those regions offering the best potential. A working hypothesis which is constantly up- dated concerning the geologic controls for ore occurrence guides the search. The possibilities for discovery are best in areas of existing mines and known ore bodies, where the probabilities are high for additional ore occurrences. In such areas, published data on the trends and geologic controls of known mineral occurrences aid the search. Even in some remote territories, a variety of geologic data is available to the explorationist. The major sources of basic geologic data are the libraries of the US Geological Survey (USGS), the state geological surveys, the American Institute of Mining, Metallurgical, and Petroleum Engineers (AIME), the US Bureau of Mines, and various institutions such as Colorado School of Mines. Overseas, virtually all of the countries have their own geologic survey groups which are associated directly, or indirectly, with their respective ministries of mines. The objective of reconnaissance exploration is to narrow the search by pinpointing target areas having interesting mineralization. These favorable areas are then investigated in detail to delineate potential ore bodies.

Jan 1, 1982

By Nelson P. Hulst

COMMITTEES. DULUTH.-Nelson P. Hulst, Chairman; J. B. Adams, W. C. Agnew, M. H. Alworth, C. W. Andrews, R. Angst, William R. Appleby, C. E. Bailey, G. G. Barnum, E. F. Bradt, Mylie Bunnell, George L. Cheesebrough, Peter Christen¬sen, F. A. Cokefair, T. F. Cole, C. A. Congdon, N. Cowling, George H. Crosby, M. D. Cullum, C. d'Autremont, Jr., H. L. Dresser, C. T. Fairbairn. Walter Fitch, F. L. Gilbert, J. T. Hale, G. G. Hartley, E. B. Hawkins, M. S. Hawkins, J. H. Hearding, Louis Hill, L. J. Hopkins, F. E. House, J. C. Hunter, 0. D. Kinney, J. W. Kreitter, E. J. Longyear, Alexander McDougal, W. A. McGonagle, A. M. Marshall, W. N. Merriam, T. D. Merrill, John Millan, P. Mitchell, Clarence Moore, Hon. Page Morris, C. H. Munger, Henry Nolte, W. J. Olcott, A. L. Ordean, Thomas Owens, F. A. Patrick, H. M. Peyton; D. M. Philbin, Capt. Charles Potter (U. S. A.), L. W. Powell, Harry Roberts, Louis Rouchleau, George A. St. Clair, J. U. Sebenius, Joseph Sellwood, Amos Shepherd, W. B. Silvey, George Spencer, George C. Stone, H. B. Sturtevant, George D. Swift, Kirby Thomas, C. D. Thompson, A. D. Thomson, G. A. Tomlinson, Charles Trezona, R. R. Trezona, Maj. J. H. Upham, Charles Van Barneveld, W. W. Walker, J. L. Washburn, A. C. Weirs, H. J. Wessinger, A. B. Wolvin, Dwight E. Woodbridge. HOUGHTON.-W. E. Parnall, Chairman; W. D. Calverley, Secretary; W. B. Anderson, L. S. Austin, Jacob Baer, William Bath, F. J. Bawden., Simon Beahan, John Been, C. H. Benedict, Walter Bloomfield, S. H. Brady, Samuel Brady, Henry Brett, A. L. Burgan, F. I. Cairns, W. H. Cake, Arthur L. Carnahan, William Carpenter, Phillip Carroll, John J. Case, T. L. Chadbourne, W. A. Childs, B. F. Chynoweth, Captain James Chynoweth, H. P. Clausen, F. G. Coggin, H. D. Conant, J. B. Cooper, J. R. Cooper, John Cuddihy, Thomas Cummings, Robert Davidson, J. B. Dee, J. R. Dee, T. S. Dee, Theodore Dengler, M. M. Dennis, Captain Thomas Dennis,. F. W. Denton, A. D. Edwards, R. M. Edwards, C. S. Fales, Daniel Fisher, Henry Fisher, James Fisher, A. L. Floeter, Frank H. Getchell, M. C. Getchell, W. M. Gibson, W. M. Gilliland, James G. Glanville, George Goodale, H. S. Goodell, A. R. Gray, Edward Grierson, Homer Guck, H. D. Haddock, Captain Josiah Hall, John L. Harris, Captain S. B. Har¬ris, Enos Harrold, F. William Hartmann, George L. Heath, C. M. Hoar, Thomas Hoatson, 0. P. Hood, Captain Thomas Hooper, Captain Joshua D. Husking, Dr. L. L. Hubbard, Arno Jaelinig, E. D. Johnson, G. A. Koenig, Edward Koepel, C. H. Krause, R. H. Leach, A. W. Leonard, James MacNaughton, Edward McCormick, Thomas McDonald, R. T. McKeever, F. W. McNair, James McRae, John Mackey, John C. Mann, Major G. A. Marr, Captain Thomas Maslin, Harry Mercer, James Merton, Michael Messner, William F. Miller, Captain J. Milligan, Dr. J. W. Moore, Charles H. Moss, H. F. Nickerson, Charles L. Noetzel, P. H. Paine, John Penrose, Captain John Pentecost, Graham Pope, R. C. Pryor, James Ramsay, J. T. Reeder, Allen F. Rees, J. H. Rice, W. G. Rice, James

Jan 1, 1905

By R. E. Radabaugh, J. M. Brown, J. S. Merchant

The Gilman district is on the northeast flank of the Sawatch Range in central Colorado. It has yielded a total of 10,000,000 tons of ore having a value of over $250,000,000. Paleozoic sediments intruded by a Tertiary quartz latite sill and unconformably overlying Precambrian intrusives and metasediments comprise the country rock of the area. The sediments strike northwesterly and dip 8° to 12° northeasterly. Structures in the Precambrian are related to the Homestake shear zone of the Colorado mineral belt. Only minor folding and faulting occur in the sediments. The principal ore bodies are massive sulfide replacement deposits in carbonate rocks. They consist of long, pipe-like mantos in the completely dolomitized Mississippian Leadville Limestone and funnel-shaped chimneys of copper- silver ore cutting across the Mississippian and Devonian strata. Mineralization is continuous from the chimneys into the mantos. The principal ore bodies are roughly in the shape of a four-tined fork which points up dip. Smaller manto deposits occur in the Cambrian Sawatch Quartzite, and fissure veins are present in the Precambrian rocks. The principal minerals in the mantos are marmatite and galena in a gangue of pyrite and manganosiderite. The chimneys consist of a central core of pyrite with erratically distributed chalcopyrite, tetrahedrite, freibergite, and occasional galena with a shell of zinc ore on the outer margin. Both the chimneys and the mantos are surrounded by imperfect shells of manganosiderite and sanded dolomite. The mineralization is of Laramide age. Hydrothermal alteration affects all rock units to varying degrees. Clay mineral alteration halos occur around the ore bodies. Hydrothermal solutions have developed sanded rock, rubble filled channels, and banded zebra textures, principally in the Leadville Limestone. Structural control of the ore bodies is not well defined. Both the location of the district and the chimneys are probably related to basement structures. The mantos are largely controlled by stratigraphic factors and a pre-Pennsylvanian karst topography in the Leadville Limestone, which were modified by hydrothermal activity, and by weak zones of northeasterly trending faults.

Jan 1, 1968

By J. C. Hawkins

Determining moisture content and rate of flow of a solid product make measurement and control of dryers unusually difficult. This paper de-scribes a method of accomplishing this with readily made air-temperature measurements. The system can cope with changes in feed moisture and feed rate. It does not measure solids temperature. The system's application to several typical rotary dryers is described, and control schemes using feedforward techniques are explained.

Jan 1, 1971

By W.J. Atkinson

The first recorded discovery of diamonds in Australia was in 1851 from New South Wales. Subsequent prospecting has shown alluvial occurrences of diamond to be relatively widespread through much of the Tasman Fold Belts of Eastern Australia and production to date is estimated to be some 500 000 carats from a number of 'small alluvial fields. Despite extensive exploration though, no primary rock source carrying significant diamond contents has ever been confirmed in Eastern Australia. Conversely, diamond exploration of the older Western and Central Cratons of Australia over the past 30 years has discovered 12 fields containing 360 kimberlites, lamproites and lamprophyric volcanic pipes, dykes and other intrusives, of which 180 have been confirmed to be diamondiferous. Only one pipe however, the 1200 Ma high grade Argyle lamproite and associated near-by alluvials, has proved to be economically exploitable with current annual production of 40 million carats valued at approximately US$400 million. Production from the open-pit will be sustainable until at least 2003. This paper briefly summarizes the history of diamond discovery in Australia, principal diamondiferous provinces and deposits, current exploration activities and the potential for future discoveries.

Jan 1, 1995