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By C. Musingwini, A. S. Nhleko

"Since the Global Financial Crisis (GFC) in mid-2008, capital has been more difficult to access. Mining projects must contend with projects from other industries for scarce capital. A decision to invest available capital in mineral projects requires that valuation be conducted to assess the expected return on the projects. The discounted cash flow (DCF) analysis is generally applied for the valuation of mining projects, whereby future cash flows are discounted to present value using an appropriate discount rate. The discount rate significantly affects the outcome of a valuation. Economic and finance theory provides tools to calculate discount rates. The discount rate must account for factors such as the risk and stage of development of the mineral project; hence the appropriate discount rate to utilize in a project is often a subject of debate.The discount rate is the weighted sum of the cost of debt and equity. There are several methods for determining the cost of equity. This study considers the commonly applied Capital Asset Pricing Model (CAPM) and Gordon’s Wealth Growth Model because of their simplicity and availability of parameters required to estimate the cost of equity. This study explores how differences in the cost of equity obtained by these two methods can be explained for a mining environment. Data for empirical analysis were collected from the I-Net Bridge, McGregor BFA, and Bloomberg databases. It was found that Gordon’s Wealth Growth Model provides better estimates of the cost of equity compared to the CAPM under depressed market conditions. Therefore, this research recommends that Gordon’s Wealth Growth Model be used to estimate the discount rates for mining projects during periods of depressed market conditions."

Jan 1, 2016

By Gary A. Wickham

In the zinc industry, this past decade has seen both prosperity and depression. Significant changes have occurred throughout the world in mining, smelting, refining, and marketing. This paper will review many of the industrywide changes of recent years and the potential impact for 1990s. In addition to an historical review of supply and demand are discussion of technology considerations for zinc and zinc based products, effects of geographical shifting of markets, and projections for the 1990s.

Jan 1, 1990

By K. Nona C. Liddell

There is a significant amount of early work that has been largely forgotten that deals with the validity of the pseudo-steady approximation for liquid-solid reactions. Much of this was originally published in the chemical engineering literature but is highly relevant to hydrometallurgical processes. The purpose of this paper is to summarize some criteria that were been developed by various authors for determining the error associated with use of shrinking core models for liquid-solid systems.

Jan 1, 2002

By Robert F. Mehl

EXTENSION of physical and chemical methods of research in the study of metallic behavior continues rapidly, particularly in the correlation of behavior with crystal structure, and in the analysis of elastic and plastic properties. The growth of the science of metals during 1933 calls for special comment; the need for special reviews and for textbooks and monographs is now acute, as might he supposed from the number of references appended to this article, a list which is much abbreviated.

Jan 1, 1934

By D. Leppert

Clinoptilolite zeolite may offer attractive, cost-effective alternatives for remedial cleanup of old minesites, smelters and other sites with heavy metal contamination. Previous research demonstrates the relatively strong affinity of clinoptilolite for numerous metals and clinoptilolite displays a particularly strong affinity for lead (Loizidou and Townsend, 1987), one of the most toxic and problematic heavy metals. Since clinoptilolite can also selectively absorb some radionuclides and organic compounds, it may offer practical solutions to a wide variety of environmental problems.

Jan 1, 1989

By C. Özgen Karacan

The formation of the gas emission zone in longwall mining and the potential amount of gas in this zone are factors of local geology and spatial variability within this geology. Therefore, geostatistical methods can be used for modeling and prediction of gas amounts and for assessing its uncertainty in the gas emission zone of longwall mines. This study used core data obtained from 64 exploration boreholes drilled from the surface to the bottom of the Pittsburgh coal seam in a mining district in the Northern Appalachian basin. After identifying important coal layers for the gas emission zone, semivariogram modeling was conducted for different coal seams to define the distribution and continuity of various attributes. Sequential simulations were performed for stochastic assessment of these attributes to calculate gas-in-place (GIP) in each coal seam. GIP calculations for coals of various gas emissions zones were combined and ranked for their cumulative distribution function to find GIP in the caved zone and in the fractured zone at the 5%, 50%, and 95% quantiles. Fifty percent quantile results were later used to isolate a panel from the whole area and create a mosaic representation corresponding to the daily advance rate of the longwall face. This approach helped to estimate the daily emissions of this panel from the caved zone and from the fractured zone. Results showed that gas-in-place in the Pittsburgh coal seam, in the caved zone, and in the fractured zone showed spatial correlations that could be modeled and estimated using geostatistical methods. This study showed that gas-in- place volumes in the study area may be as high as 12.3 Bscf and as much as 3.5 MMscf per acre of mining.

Jan 1, 2012

By AIME AIME

It is with the deepest personal sorrow, and with the regrets of the Steel Company of Canada, that I report to you the death of one of our most valued associates, the late Frank B. McKune, superintendent of the Open-Hearth Department of our company. Many of you will remember Mr. McKune for his long attendance at these meetings, for the intelligent interest he took ill them, as well as for his innovations in steel-production practices.

Jan 1, 1940

By T. B. Counselman, T. B.

Continuous countercurrent decantation calculations have always been a headache to the cyanide man (and the chemical engineer) because of the simultaneous equations involved. These are tedious to solve, and there is considerable opportunity for mathematical error. This paper presents a shortcut method for making these calculations, which has been in successful use for twenty years by the author, and which is particularly valuable in selecting the best of several possible flowsheets, or evaluating the effect of various assumptions.

Jan 1, 1950

By W. J. Long

The gradual depletion of high-grade mineral deposits and the necessity for development of lower-grade deposits together with the increased demand for nonmetallic minerals has increased the importance of the ore-dressing field during recent years. There is strong need for development of new ore-concentration methods and-machines to keep pace with the constant changing of marketing specifications and requirements resulting owing to the many new uses made of mineral products by the metallurgical industry.

Jan 1, 1948

Current NSW Government policy requires searching for more than just minerals during an exploration program - add endangered fauna and archaeological relics for a start.

Jan 1, 1995

By C. W. Won

a-etchant solution is the waste material obtained during the etching by ammoniacal solution of printed circuits for PCs. This material contains a substantial amount of copper (13-14%) but is usually discarded after neutralization. In this work, copper recovery from such solutions by electrowinning or cementation using iron scrap was tested. For each method, the effects of temperature, solution pH, initial copper-ion concentration, and reaction time were investigated to obtain optimal conditions for copper recovery.

Jan 1, 1993

By Paul Girodo

Government Approval For Foreign Workers 1.Service Canada Work Permit Tasks: i. Prove there are no Canadian Journeymen; ii. Use heavyweight stakeholders; iii. Understand the FWU transformation taking place today. Government Approval For Foreign Workers 2.Provincial Nominee Program (PNP) i. Build relationships; ii. Use heavyweight stakeholders; iii. Continually demonstrate benefits to the Province from foreign Journeymen. Government Approval For Foreign Workers 3.Letter from Union Supporting Temporary Foreign Workers i. Easiest path to approval ?CLAC model

May 1, 2006

By Alexander Filotti, Stanley Merjan

"Abstract. The paper shows the benefits and accomplishments of this relatively new but established product on the pile foundations market in the United States. The first part of the paper describes general aspects of the design, construction, and geotechnical capacity (designed and in situ) of Tapertube piles. The qualities resulting from the design and manufacturing of the Tapertube pile will be presented first.The second part of the paper describes the installation of Tapertube piles for an addition to Terminal One at JFK International Airport and The Edge development. A carbon print analysis for both projects is developed using the EFFC-DFI carbon print calculator. For the JFK project the benefits of using BIM in redesigning the project for Tapertube piles are explored.General description.The tapertube pile consists of a tapered tubular bottom section attached to a conventional pipe extension. The 50 ksi steel for the taper is mechanically folded into a polygonal cross-section (usually 12-sided) with a longitudinal welded seam. The tapers are fabricated in many sizes with bottom diameters varying from 8 to 14 inches, top diameters from 12 to 20 inches, lengths from 10 to 35 feet, and steel thicknesses from 3/16 to 1/2 inch. A conical steel shoe or a flat plate is welded to the bottom of the taper and the top of the taper is circularized to match the outside diameter of the pipe extension. The inclination of the tapers is generally between 1.5% and 2.5%.The pipe extension is fully butt welded to the taper and has the necessary length for the pile to develop the requisite capacity. Concrete fill for the piles is generally 4,000 p.s.i. or more. Typically the piles are shopassembled and shipped to jobsites in lengths to 80 feet."

Jan 1, 2014

By AIME AIME

AS one of his friends asserted at the Galveston meeting last fall, T. V. Moore is one of the "thinkers" in his field. He is head of production research for the Humble Oil & Refining Co., with headquarters in Houston. He is also known in the Institute as a "doer" for his active participation in the affairs of the Petroleum Division and for his leadership in the formation of the present Gulf Coast Section, A.I.M.E.

Jan 1, 1940

By Michael D. Balen

This Bureau of Mines open file report is one in a series of reports written about the Valdez Creek Mining District (VCM D) as a result of the continuing Bureau of Mines mining district evaluation program. This report presents the results of order-of-magnitude mining feasibility studies. The mining feasibility studies were conducted for mineral deposit models that were based on real and hypothetical deposits that occur in the VCMD. A total of 6b mine models were developed for application to the mineral deposit models. The goal of the feasibility study was to determine the monetary value per unit of minable ore that would cause the simulated cash flow for each of 66 mine models to achieve certain pre-defined rates of return for the invested capital.

Jan 1, 2011

By Leonard Obert

THIS REPORT presents methods and principles useful in designing underground mine openings and pillars in competent rock formations. Two types of formations are considered: (1) Massive formations, in which openings are generally mined with an arched roof, and (2) bedded formations, in which openings are generally mined with a flat roof. Design principles for openings and pillars in massive formations are obtained by considering the maximum tangential stresses developed around single and multiple openings for stress fields of various types. Design principles for openings and pillars in bedded formations are obtained by considering the average stress in pillars and the maximum stresses in roof layers. Experimental procedures for making stress, strain, and in situ physical-property measurements in underground mines to check design calculations are outlined and the results discussed.

Jan 1, 1960

By John B. Gayle

During studies of the various methods for determining and specifying the factors that indicate whether a particular coke is better or worse than other cokes for metallurgical uses, questions arose as to the precision of screen-analysis tests on coke. Although the usual index of precision, the standard deviation of the test result, gives a measure of the precision of these data, the experimental determination of the standard deviation for a particular set of conditions requires tests on a large number of duplicate samples. Because this procedure necessaily involves a great deal of labor, an equation for predicting standard deviations from theoretical considerations has been developed. Results predicted with this equation agree satisfactorily with the experimental values and are applicable to tests on coal, coke, gravel, and other bulk materials.

Jan 1, 1952

By K. K. Kelley

Sodium-aluminum and potassium-aluminum silicates are among the more important rock-forming minerals of the earth's crust. They also appear as constituents of some metallurgical slags and of some refractory materials. Consequently, knowledge of their thermodynamic properties is interesting and valuable from several viewpoints. This paper reports experimental determinations of the low-temperature heat capacities and entropies at 298.16° K. of albite, jadeite, and nephelite it the sodium-aluminum silicate series and of adularia, ferriferous orthoclase, leucite and kaliophilite in the potassium-aluminum silicate series. Also high-temperature heat-content and entropy increments about 298.16° K. are reported for albite, jadeite, nephelite, and carnegieite in the sodium-aluminum silicate series. Except for a few high-temperature heat-content values for albite, all these data are available for the first time.

Jan 1, 1953

By John Loui Porathur

Highwall Mining has been recently introduced in India. The first Continuous Highwall Mining extraction in India started operating at Ramagundem Opencast Project-II (OC-II) of Singareni Collieries Company Ltd. (SCCL) in December 2010. A new hybrid empirical and numerical modelling approach has been devised to design web pillars for the initial Highwall Mining sites in India, considering the complex geology, such as existence of thick seams and multiple seams in close proximity. This paper gives the scientific elucidation of a comprehensive design methodology adopted for the above mentioned Indian Highwall Mining sites. The design technology includes web pillar design for multiple seams using hybrid empirical and numerical methods, slope stability assessment, ground movement monitoring, and recommendations for conducting blasting operations in the vicinity of Highwall Mining extractions.

Aug 1, 2013

By Akira Yazawa

Experimental results for the distribution ratios of various elements between the slag, matte and/or copper in the silica-saturated copper smelting system were summarized. The experiments were carried out under an oxidative smelting condition with S02 gas flow, and also a reductive smelting condition equilibrating with metallic copper or iron. To evaluate the results thermodynamically, the availability of one atom cation base expression for the constituent compounds is emphasized from both of theoretical and practical standpoints. Both of oxidic and sulfidic dissolutions in slag are postulated for some elements such as copper, nickel and lead., and the experimental results are reasonably explained thermo-dynamically. The results for the mutual solubility between matte and ferrite slag and the distribution of minor elements between liquid copper and ferrite slag are also discussed.

Jan 1, 1983