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By M Simanjuntak, A M. Supomo

PT Freeport IndonesiaÆs copper/gold operation disposes of approximately 222 000 dry metric tonnes of tailings per day via two thickeners. Reduction of the flocculant dosage rates in each of the tailing thickeners has been achieved with the installation of Clarometers«, modifications to the existing operating DCS control strategy and a change in plant flocculant. This has reduced the flocculant consumption rate in the last twelve months by approximately 20 per cent. It has also highlighted the disparity in the settling rates of the two thickeners. Collaborative efforts between Cytec technical site engineers and Freeport operational personnel have made possible the overall gains achieved in the tailings thickener optimisation.

Jan 1, 2003

By J. P. Bellot

During the non-ferrous metal processing, the melting step under vacuum or under rarefied gas leads to volatile metal losses. It is the case of the metallurgical processing of the nickel-based, titanium-based or zirconium-based alloys where the evaporation losses don't allow a sufficient control of the alloy chemical composition. A theoretical approach has been carried out involving both a continuum description in the liquid phase and a molecular approach in the rarefied gas phase. The finite volume method is used in order to solve the coupled transport equationsin the liquid, whereas the Boltzmann equation is modelled by using a Monte Carlo method. At the liquid metal and metallic vapor interface, the volatilization and recondensation fluxes link up the two calculations. Simulation results are given for the melting and refining of reactive metals such as titanium alloys where the control of the chemical composition remains a major difficulty. The validity of the kinetic Langmuir's law is discussed for different operating conditions.

Jan 1, 1996

By S. C. Robinson

"IntroductionALTHOUGH most uranium deposits of the Canadian Shield lie along its western and southern margins, those of the Lake Athabasca region extend easterly along the north shore of the lake and beyond to Charlebois lake. The western end of this belt of deposits, in the vicinity of Goldfields, is 80 miles from the Palaeozoic contact, and its eastern end, at Charlebois lake, is 240 miles from the nearest Palaeozoic rocks.Deposits in this belt may be grouped in four districts, which are, from west to east:(1) The Goldfields district, an area approximately 20 miles square, centred on Beaverlodge lake and extending eastward from St. Joseph's point to Moose channel.(2) A small area in the vicinity of Sucker bay, which is about l0 miles east of Fond du Lac.(3) An area including Middle lake to the northwest shore of Black lake at the Nisto mine.(4) A fairly large area extending northward from the eastern end of Black lake, through Charlebois lake to Spreckley lake.HistoryThe region has stimulated interest in mining circles since the reconnaissance survey of J. B. Tyrrell of the Geological Survey of Canada in l893, who reported concentrations of iron along the north shore of lake Athabasca. The deposits were staked and re-staked up to the early 'twenties' but are too lean to form ore."

Jan 1, 1952

By B. J. Jody

This paper describes a one-step thennal-treatment process, developed at Argonne National Laboratory, to remove all organic contaminants from the glass-fiber waste that is generated during the glass-fonning process. The recovcred glass fibers can then be recycled into new glass fibers or new glass products without adversely impacting the operations of the glass industry or the quality of its products. Our process involves shredding the waste to a manageable size and then processing it at temperatures below its melting point to remove the polymeric-coating layer. The glass industry generates more than 60,000 tons of glass-manufacturing waste annually in the glass-forming process alone. Recycling of this waste stream can keep this non-biodegradable waste out of the landfills. In addition, use of recycled glass lowers energy costs, by an average of about $5 per ton as compared to using virgin raw materials to make virgin glass fibers. This process will also reduce the emission of C02 by 17,400 tons a year and it will also reduce the emission of nitrogen oxides. Economic analysis of our process shows a potential payback of less than 2 years.

Jan 1, 2003

By C. R. Stephan, N. B. Greninger, J. R. Lipscomb

The U.S. Bureau of Mines and the U.S. Mine Safety and Health Administration (MSHA) are participating jointly in a research program to evaluate the strength characteristics and air-leakage resistance of various proposed seal designs for use in underground coal mines. The full-scale seals were constructed in the USBM's experimental mine at the Lake Lynn Laboratory, air-leakage tested, then subjected to pressure pulses of 20 psig or greater. bjected to pressure pulses of 20 psig or greater. In experiments prior to this study, seven seal designs using solid-concrete blocks were tested. Only the standard-type seal passed the explosion and air-leakage criteria. Tests also were performed on four seals constructed with low-density foam blocks. All four of these seal designs withstood the pressure pulse. In more recent studies, nine cementitious foam seal designs of varying thicknesses and densities were investigated. Six of the nine designs successfully survived the explosion overpressures. Six wood- block convergence seals also have been tested. The typical 3-ft-thick, wood-block seal design currently used in many coal mines did not maintain its integrity, in the absence of convergence forces, following the explosion test. Five modified wood-block seals successfully withstood the 20-psig pressure pulse. Based on these tests, three alternative seal construction materials, cementitious foam, low-density foam block, and wood, have been approved by MSHA for use in underground coal mines.

Jan 1, 1993

By Rajendra Singh

Considering the importance of a fully mechanized depillaring operation, the Indian coal mining industry has introduced a number of such depillaring operations at depths of cover ranging from 60 m to 377 m. The overlying strata of these depillaring faces vary widely from highly laminated, weak and easily caveable to massive, strong and difficult to cave. Most of these mechanized depillaring operations were carried out in difficult site conditions, however, performance monitoring in the field has showed good production, productivity and safety results. Field studies have shown that the use of roof bolts as breaker line support for this technology worked well for moderate strength overlying roof strata, but experienced difficulties for both extremely weak and strong/massive overlying roof strata. It is observed that the performance of a breaker line support along the goaf edge deteriorated with an increase in depth of cover of the depillaring face. Practice of a straight line of extraction (single row of pillars) during the mechanized depillaring below competent roof strata experienced a considerably large hanging area inside the goaf, which needs to be managed either by induced caving of the roof strata or through an increase in width of the excavation. Observations of good performance of a fully mechanized depillaring face under highly laminated and weak strata at a shallow cover is mainly due to a faster rate of extraction. However, the mechanized depillaring underneath laminated and weak roof strata for a deep-seated coal seam was forced to go for partial extraction mainly due to strata control problems. Discussing the implications of main technical and operational differences between the conventional (semi-mechanized) and fully mechanized depillaring, this paper presents results of different strata control studies conducted at different mechanized depillaring sites with varying geo-mining conditions.

Jan 1, 2014

By David M. Hopstock

To help assure an adequate supply of minerals to meet the Nation's economic and strategic needs, the Bureau of Mines is conducting bench-and pilot-scale research using wet high-intensity magnetic (WHIM) separation to recover iron from oxidized taconites of the. Lake Superior region. The advantages and disadvantages of WHIM separation in relation to other separation methods, the most recent innovations in WHIM flowsheet design, and the role of mathematical models in process optimization are discussed.

Jan 1, 1979

By Jerzy A. Mielczarski

The separation of albites from quartz by flotation applying the conventional HF-methods is no longer acceptable from an environmental and health point of view. Therefore, the search for a new reagent scheme without using HF depressor for separation of albite from quartz is under consideration. The flotation behaviour of ore mineral components depends on the produced hydrophobic or hydrophilic surface coverage (chemical functionalization). Currently we have excellent possibility of monitoring surface composition and structure at molecular and atomic levels at surfaces of natural minerals contacted with aqueous solutions of collectors, activators, depressants which is vitally important for the understanding of the surface chemistry that govern selective and efficient flotation. Detailed surface characterization of minerals before and after their exposition to different solution conditions was performed by the most modern spectroscopic techniques such as developed by us the infrared external reflection technique combined with spectral simulation and X-ray photoelectron spectroscopy (XPS). It is possible to monitor surface reactions which facilitate the separation process and those which bring disadvantage to selective flotation. At first we found that a small amount of ?mineral impurity? presented in natural ore could play important role in selective hydrophobization process. It was found that the pH of solution (parameter possible to control) and natural mineral impurities present in mineral samples (parameter related to ore origin) play a very important role in the separation process. Another important parameter is interaction between minerals, quartz and albite, present in aqueous solution. The limitation of flotation separation resulting from chemistry will be discussed. Moreover, the most promising scheme for separation of albites from quartz will be examined.

Jan 1, 2014

By Greenleaf W. Pickard

The Parral mining district is located in the southern part of the state of Chihuahua in north-central Mexico, in the border area of the physiographic provinces of the Mesa Central and the Sierra Madre Occidental, at an average elevation of 1700 meters. This is one of the most highly productive lead-zinc districts of Mexico. The principal operating units are the Prieta, Santa Barbara and San Francisco mines. The Santa Barbara-San Francisco del Oro area is located 25 kilometers to the southwest of the Prieta mine. It has a system of generally narrow veins in fault zones, entirely in the shale series. The Santa Barbara veins follow long, persistent fractures, while the San Francisco del Oro veins are in relatively short fractures. The Veta Colorada structure, located 5 kilometers to the northwest of the Prieta mine, was a major producer of high grade silver ore with low lead-zinc content during the eary 1900's. It follows a major north-south fault zone in andesite and is noteworthy for a number of wide oreshoots of limited vertical extension along its 10 kilometer length. The Palmilla and Esmeralda mines are on the south end of the Veta Colorada structure. Numerous smaller mines are operating in the Parral area. During the last 45 years the Prieta mine has produced approximately 15,000,000 tons of complex sulfide ore, principally from one single vein. Extensive stoping has

Jan 1, 1970

By F. Sillers, R. T. C. Rasmussen

"INTRODUCTION This is the fourth report of investigations dealing with the cooperative tests between the Bureau of Mines and industry on the use of electrolytic manganese in steelmaking. The first report dealt with the use of electrolytic manganese in the manufacture of stainless steel 3/ the second with its use in acid electric steel practice, 4/ and the third with its use in low-carbon basic open-hearth steelmaking. 2/ A résumé of those investigations E7 appeared in the magazine STEEL. 5/ The present report deals with the use of electrolytic manganese in the manufacture of four types of stainless steel and the new Timken 16-25-6 alloy. The Bureau of Mines supplied The Timken Roller Bearing Co. with 62,000 pounds of electrolytic manganese for use in the tests.The electrolytic manganese was produced at the Bureau of Mines pilot plant, Boulder City, Nev., by the process developed by the Bureau and described in Bulletin 463, Operation of Electrolytic Manganese Pilot Plant, Boulder City, Nev., by J. H. Jacobs. J. W. Hunter, W. H. Yarroll, P. E. Churchward, R. G. Knickerbocker, R. W. Lewis, H.A. Heller, and J. H. Linck. The workcarried out under the direction of R. S. Dean, formerly assistant director, Bureau of Mines, and R. G. Knickerbocker, formerly chief, metallurgical branch, as part of a long-range program involving the development, manufacture, and use of manganese from domestic ores. Preliminary arrangements for the plant tests were made by the late A. A. Dow. 7/"

Jun 1, 1947

By Calvin Pierson, R. S. Dean, E. P. Barrett

Wrought iron and steel have been prepared from limonite, hematite, and magnetite ores by gaseous reduction, compacting and squeezing the resulting product at high temperature and finally melting the wrought iron so formed. The structure, analyses, mechanical and magnetic properties of the products are given. It is found that the structure of iron ores is best studied by subjecting them to gaseous reduction and using metallographic technique on the resulting sponge iron. In this way the cell structure of iron ore is clearly shown. The wrought iron made by heating compacted sponge iron to 1450" C., and forging, shows a cell structure inherited from the ore. This cell structure is further preserved in melting and casting the wrought iron. The probable relation of the properties of the materials to this inherited cell structure is discussed.

Jan 1, 1935

By Calvin Pierson, R. S. Dean, E. P. Barrett

Wrought iron and steel have been prepared from limonite, hematite, and magnetite ores by gaseous reduction, compacting and squeezing the resulting product at high temperature and finally melting the wrought iron so formed. The structure, analyses, mechanical and magnetic properties of the products are given. It is found that the structure of iron ores is best studied by subjecting them to gaseous reduction and using metallographic technique on the resulting sponge iron. In this way the cell structure of iron ore is clearly shown. The wrought iron made by heating compacted sponge iron to 1450" C., and forging, shows a cell structure inherited from the ore. This cell structure is further preserved in melting and casting the wrought iron. The probable relation of the properties of the materials to this inherited cell structure is discussed.

Jan 1, 1935

By S. H. Ash

In the early nineties it was observed by several European investigators and by C. S. Rice4 that an explosion could be checked and would not propagate in the parts of a mine where shale or other inert dust was present in large amounts.5 After the disastrous Courrieres explosion in France that killed 1,100 men, coal-dust explosion tests were made in France in 1907 and in Great Britain in 1908 which resulted in the conclusion that if enough incombustible dust were properly spread throughout passageways charged with coal-dust, the propagation of an explosion by the coal-dust could be prevented. In 1908 the Federal government authorized the investigation of the causes of mine explosions and of possible methods of preventing them, with the result that during 1911 the United States Bureau of Mines, after making several tests, suggested that rock-dust be used in gassy or dusty bituminous coal mines. Since that time, experiments and investigations6 have proved conclusively that widespread explosions can be prevented in coal mines by efficient rook-dusting.

Jan 1, 1930

By Q. Liu, P. Katsabanis, J. A. Meech

A thermohydrodynamic computer code has been used to simulate dust explosions. For sulphide dusts, the thermodynamic predictions are used to investigate the effect of dust concentration, mineral content and inert materials as well as the quantity of sulphur dioxide produced. It was found that the amount of oxygen available for the explosion is very important and that the dust concentration which gives maximum explosion pressures is obtained at zero or slightly negative oxygen balance values. The sulphide minerals were found to have the following explosibility sequence: pyrrhotite, pyrite, chalcopyrite, sphalerite, covellite, chalcocite and galena, which is in agreement with mine experience. The results show that theoretical calculations can be used to predict explosion pressures and toxic gases produced by a dust explosion and therefore they can assist in the design of protective measures .

May 11, 1988

By James A. Finch, Yue Hua Tan, Wei Zhang

"The paper is part of our study of the frother structure-property relationship using bubble rise velocity. Single bubble rise velocity profiles were determined in a 350 cm column for surfactants from the polypropylene glycol (PPG) family. Using velocity at 300 cm, the concentration to reach minimum velocity (CMV) is determined. The CMV is shown to decrease as alkyl chain length (n, number of carbons) increases and as the number of propylene oxide groups (m) increases. Linear correlations log CMV vs. n and m were observed. Taking literature data for critical coalescence concentration (CCC), linear log CMV vs. log CCC correlations were also noted. Mechanisms are briefly discussed, and prediction of CCC made for a commercial polypropylene glycol.INTRODUCTIONAs one of the great enabling technologies of the 20th century, froth flotation is a highly versatile method for physically separating minerals by exploiting differences in wettability (hydrophobicity). Over the last century, flotation reagents have undergone significant developments (Khoshdast and Sam, 2011). One important group of reagents is frothers which are used to reduce bubble size, slow bubble rise velocity and help stabilize froth (Klimpel and Isherwood, 1991).Frothers, originally derived from natural sources (e.g., pine oil and cresylic acid), are largely replaced today by synthetic products which provide more consistent properties. Polyglycols, based on PEO (polyethylene oxide), PPO (polypropylene oxide), or PBO (polybutylene oxide) groups, were first described by Leja and Nixon (1957) and have attracted wide use since then (Farrokhpay 2011). The chemical structure of polyglycols can be represented by a general formula: R(X)mOH, where R = H, or CnH2n+1 and X stands for EO (-C2H4O-), PO (-C3H6O-), or BO (-C4H8O-). The polypropylene glycol ethers (CnH2n+1(PO)mOH) are the most common of these reagents (Pugh, 2007) and the focus of this study.In general, the chemical structure of frother molecules comprises two parts, a non-polar hydrophobic hydrocarbon (alkyl: CnH2n+1) chain and a polar hydrophilic head. By introducing the ether -Olinkage, which acts as another polar site, the propoxy group (-OC3H6-) in the structure makes the frother readily soluble in water (Somasundaran and Wang, 2006), facilitating the industrial use of these frothers. Available as by-products, Dow Chemicals introduced as series of polyglycols, e.g., Dowfroth (DF) 200, 250, 263, and 1012, the most familiar being DF250 (CH3(PO)4OH), a polypropylene glycol methyl ether. While no longer available from Dow, these and other polyglycols are still widely used."

Jan 1, 2016

By Reginald S. Dean

THE widespread occurrence of manganese in low grade oxide and carbonate ores not amenable to mechanical concentration has led to extensive investigations of hydrometallurgical methods for producing a pure manganese compound suitable for further treatment. Manganese carbonate is the preferable compound. This product when fully crystalline and of not too fine crystal size is easily filtrable and stable in air. It can be converted to other compounds such as the oxides by heating in air or can be reacted with acids for producing salts. A useful hydrometallurgical process must produce relatively concentrated solutions that can be purified easily, reagents must be cyclically used, and heat requirements must be small. Neither the ammonium sulphate nor sulphur dioxide leaching processes that have been tested extensively fulfill these 'requirements. Other hereto-fore proposed processes have obvious limitations and have not been tried on a large scale. The present process is based on the discovery by the writer of a new group of aqueous manganese-ammonia complex solutions highly concentrated in ammonia, which permit rapid solution of manganous oxide to concentrations of 80 to 100 g Mn per liter and from which a fully crystalline, easily filterable manganese carbonate is precipitated by the addition of carbon dioxide and partial ammonia removal. Although the process may be carried out with many ammonium salts, commercial advantages dictate the use of ammonium carbamate, which is obtained when CO2 is passed into concentrated aqueous solutions of ammonia. If the carbamate is used, the only reagents, ammonia and C02, are volatile and may therefore be recovered from solutions and residues by heating, thus eliminating washing and extensive evaporation. Impurities are controlled easily as most metal oxides are either insoluble in the lixiviant or fail to precipitate with the manganese carbonate. Others are controlled by sulphide addition. The process has been tested extensively on a small scale on a wide variety of ores; including Three Kids, Artillery Peak, Cuyuna, and Chamberlain; as repre-

Jan 1, 1952

By Robert McClure, Carlton Lehman

Rendering safe explosives in an urban environment presents a unique challenge due to the safety concerns and disruption to the general public. Potential damage to the surrounding homes, businesses, utilities and transportation infrastructure are some of the major concerns when planning the render-safe operation. Engineering controls to mitigate blast effects, such as damaging air over pressure levels, material ejection and ground borne vibration, need to be implemented as part of the operation. Monitoring of seismic and air overpressure during these operations are needed to protect against potential claims when controlled or unplanned detonations occur. Two recent render-safe operations conducted in and around urban environments dealt with deteriorated, sensitive dynamite and damaged blasting caps. Utilizing innovative neutralization chemicals and processes to render-safe the deteriorated dynamite, while protecting the general public, proved to be the safest, most environmentally responsible and cost-effective way to approach the problem. In both cases, the explosives, old dynamite and detonators were found in abandoned, unlocked magazines. The dynamite was in a significantly deteriorated state, which was evident due to the nitroglycerine found leaking in,around and under the dynamite cartridges. Iron wire permissible electric blasting caps were also found in a corroded condition with exposed explosives and un-shunted lead wires. With occupied buildings within 180 feet (54.86 meters) of the magazines, any procedure (e.g. transporting, countercharging, burning) that could potentially cause a detonation was not an option. In the event of an unplanned detonation during neutralization operations, several blast mitigation methods were employed to safeguard the site. This operation and a similar one with over 1,000 pounds of crushed and buried leaky dynamite were unique since all the explosives were rendered-safe and neutralized on site. The use of advanced neutralization products and filtering processes allowed for a safer, more environmentally responsible way to resolve the problem. The magazines and all residual solids and fluids were tested and confirmed by independent labs to have no explosives residues. The effluents were treated on site, tested and met safe levels, so they were disposed of at a local municipal wastewater facility.

By Francois Barthelat, Sam Goroshin, David Frost, Alexander Cappozi, Atefeh Nabavi

"In this study, a novel chromium–chromium sulfide cermet was produced by self-propagating high-temperature synthesis (SHS). Conventional techniques for manufacturing metal sulfides are complex, environmentally harmful, and not suitable for producing complex-shape articles. To overcome these disadvantages, a new method for the preparation of the metal-sulfur precursor charge is proposed, which can be described as reactive casting. The first cermet samples produced with the SHS process were found to be very porous, brittle, and have low mechanical strength. The possible sources for the generation of porosity were identified and analyzed and the process for manufacturing the cermet was modified. By improving the manufacturing process, the porosity inside the produced cermets was reduced from 70% to 12%.IntroductionMetal sulfide composites are in high demand in the chemical, metallurgical, and electrical industries because of their valuable characteristics such as hardness, semi-conductivity, electroluminescence, infrared transparency and catalytic properties. Current manufacturing methods for metal sulfides usually involve one of two different principal methods, including a complex multistage wet chemical process involving the precipitation of the corresponding salts from an aqueous solution with hydrogen sulfide, or hot sintering of the respective elemental reactant powders in a resistive furnace in a high-pressure inert or hydrogen-sulfide atmosphere [1, 2]. These conventional methods for synthesizing ceramic metal composites are complex, extremely time and energy consuming, environmentally harmful, and rarely able to manufacture articles with complex shapes. Therefore, in order to overcome these disadvantages, self-propagating high-temperature synthesis (SHS) was considered as an alternative method that offers significant improvements over the traditional cermet manufacturing methods [3]. SHS, which is a relatively new and attractive method for producing a wide range of advanced materials, is based on the self-sustaining feature of the highly exothermic reactions of the reactants. The SHS process results in high product purity, since the high temperatures generatedin the reaction cause any impurities to volatilize [4, 5]. SHS has low energy consumption and doesn’t require an external energy source and complex equipment, and it is self-contained [1, 5]. Since combustion synthesis has low power requirements, it is one of the few methods of materials synthesis that is feasible in outer space. Also, the process has a low cost and is capable of directly synthesizing articles with the desired shape, size and structure [5, 6]. The chemical reactions associated with SHS are typically completed in a few seconds leading to the formation of the condensed product. The high reaction rates and relatively rapid cooling in SHS reactions can avoid undesirable grain growth in products which often occurs with the conventional sintering method [3, 5, 7]. The traditional method for sample preparation in the SHS technique is to compact the reactant mixture powders in a steel die by a press to a typical density of about 80% of the theoretical maximum value, before igniting the mixture [8]. This method requires a large compression force to increase the green density and to minimize any pores in the green compact. To overcome these disadvantages, a new method for the preparation of the precursor charge in metal-sulfur by SHS is proposed which can be described as melt casting of a reactive mixture, or reactive casting in short."

Jan 1, 2012

By H. J. Ni, M. Y. Huang, S. W. Chen

The effects of several fluxes on purification, microstructures and properties of A00 aluminium have been studied. The experimental results and analyses indicate that many cracks and large porosities exist in the surface film above the melt purified by C2Cl6 and that the film is floe and mostly composed of AhO3 and pure aluminum, which carries many carbon particles and AlCh not fully volatilized. And then over 50% of the all-melting residue is pure aluminum, which is one of the major reasons for high melting loss. Moreover, because of a mass of gas bubbles and a state of seethe, there exist many inclusions which size is under l0µm in the microstructure of A00 aluminum purified with C2Cl6 or fluxes containing C2Cl6- With this purifying method, the aluminum crystal grains are extended along the radius that was observed firstly and the average crystal size of A00 aluminum are about 100µm~150µm. In addition, small size inclusions have little affected on tensile strength and micro inclusions under l0µm have little affected on elongation.

Jan 1, 2006

By Michael Samis

Conventional project valuation techniques, such as discounted cash flow (DCF) method, are more frequently being criticised for the manner in which they consider the interacting effects of uncertainty and project structure (including management flexibility) on project value. Modern asset pricing (MAP; often called ?real options valuation? when applied to the analysis of flexibility) is a more general valuation framework that corrects many of the shortcomings of common valuation methods. Previous mining applications of MAP have tended to treat the ore deposit as a homogenous entity. While useful for demonstration purposes, this is inadequate for practical application in industry. This paper presents a MAP valuation example that allows for the heterogeneous nature of an ore deposit. It shows that deposit structure may increase the complexity of the mine planner?s decision so that results of a standard DCF analysis, or a simple MAP analysis that ignores the details of deposit structure, are misleading. In the example, a management is considering the development of an adjacent low-grade zone while mining operations in a high-grade zone are ongoing. If the low-grade zone is developed before high-grade reserves are exhausted, the proposed development will include both low-grade zone development and a capacity expansion to handle additional low-grade reserve production. If development of these reserves is delayed until the high-grade reserves are depleted, then the low-grade reserves can be developed without a capacity expansion. A typical DCF analysis would reduce the management?s decision problem to three alternatives: 1) continue mining only in the highgrade reserves, 2) immediately develop the low-grade reserves and expand capacity, and 3) delay low-grade zone development until the high-grade reserves are exhausted. The model presented here allows the management to reconsider the development and capacity expansion decision on a discrete half-year basis. It delineates price regions, for given levels of high-grade zone reserves, in which it is optimal to develop the low-grade zone, defer low-grade zone development and abandon the mine irrevocably. The model presented here extends the ability of mine planners to describe actual project structure while using the MAP valuation framework that is already noted for its capacity to combine project uncertainty and risk insights with a dynamic project description.

May 1, 2001