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By Thomas D. Kaufmann

Whether pursuing hedging or speculative strategies, gold miners can increase sales revenues 1 % to 6% by constantly pricing production forward. Unlike other commodities, gold futures prices are consistently higher than spot prices. A Colorado School of Mines study showed theoretically and empirically that in the 15 years since the price of gold was released from government control, the forward price for gold has been higher than the current price almost 100% of the time. The reason why Metal traders know that holders of metal earn a bonus selling forward when the metal is in "contango." "Contango" is a mysterious word that crept into the trading vocabulary a century ago. It designates a situation when the price of a metal on the futures markets is higher than the price in the immediate or spot market. If the spectrum of spot and futures prices remains static over time, the forward seller who has contracted at a higher than spot price can make a profit equal to the contango by redeeming his commitment at the lower spot price when the contract matures. Consequently, when a seller in a contango market hedges, he makes a profit on the transaction in addition to avoiding a price change risk. On the other hand, buyers of the metal who hedge in a contango situation will sustain a loss equal to the contango. Producers of gold, however, are sellers of gold. For most metals and oil, there is no inherent reason why futures prices should be higher than present prices. Buyers and sellers decide that the price of the commodity will be lower or higher than present values for a variety of reasons.

Jan 1, 1991

By E. Tulcanaza

The practical significance of the in situ grade variability is usually neglected. Although recognized, often times it is either ignored or just considered as a vague guideline in many of the decisions dealing with exploration, reserve estimation, and mine planning. This paper stresses the significance of grade variability for exploration and mining, and illustrates its liaison to the structural features of the ore deposits, as well as to the mining parameters used for mine extraction. Some geostatistical results obtained from a silver mine, tungsten mine, and copper mine in South America are discussed.

Jan 1, 1985

By L. Avramovic, B. Han, R. Jonovic, Z. Stevanovic, K. Haga, S. Dimitrijevic, A. Shibayama, L. Godirilwe, Y. Takasaki

Pyrite (FeS2) and chalcopyrite (CuFeS2) which could not be recovered, are present in mine tailings discharged from Bor copper mine. About 0.3% of copper (Cu) is contained in these tailings, therefore it can be considered as a useful copper resource. At the same time, pyrite is known to promote acid mine drainage, therefore it is necessary to detoxify the tailings. An efficient method has been proposed to recover copper and reduce the environmental impacts of tailings by a combined hydrometallurgical process of high pressure leaching (HPL), solvent extraction (SX) and electrowinning (EW) process. HPL process yielded high copper leaching rate (>95%) when water (H2O) was used as a leaching media. On the other hand, pyrite contained in the tailings was converted to iron oxide by high pressure leaching. Stability evaluation of the residue obtained from high pressure leaching, confirmed almost no elution of metal ions. The percentage of copper extracted and stripped from the Cu-loaded organic phase reached 97.4%. Moreover, it was confirmed that a low iron concentration in the electrolyte of copper electrowinning, resulted in the improvement of current efficiency of copper electrodeposition. INTRODUCTION Mine tailings are a by-product obtained from the flotation process and there are billions of tons of already existing tailings all over the world. Moreover, several billion tons of additional copper tailings will inevitably be produced in the coming years (Onuaguluchi & Eren, 2012). With the declining average copper ore grade, alternative sources of copper are highly sought, mine tailings have a comparable copper grade to that of low-grade ores (0.2–0.3%) therefore, it can be said that copper mine tailings present a very important source of secondary raw material for copper production (Antonijevi´c et. al., 2008). Consequently, it is necessary to confirm the possibility of the valuable metals (such as copper) recovery from mine tailing in which copper content is about 0.2–0.3%. Our group investigates the flotation and high pressure leaching processes for recovering of copper from mine tailings. Previous work on related samples include copper and nickel flotation tailings from Botswana, and a low–grade copper ore sample from Chile. Impurities, which are associated metals in mine tailing such as iron (Fe) and aluminum (Al) co-dissolve into the solution during the HPL treatment process. Therefore, separation of copper from impurities is necessary for selective extraction of copper from mine tailings and upgrading the copper concentration in the leachate to enable further purifying of Cu by electrowinning. Thus, it is important to investigate the possibility of applying solvent extraction for concentration of copper from leachate solutions of mine tailings (Onuaguluchi & Eren, 2012; Antonijevi´c et. al., 2008). In this study, LIX-84I was used as an extractant of copper from the leachate of high pressure leaching of mine tailing. As a fundamental solvent extraction investigation, the extraction behavior of copper was studied using a simulated solution of the leachate from the high-pressure oxidative leaching of mine tailing. The effects of; solution pH, extraction time, extractant concentration and phase ratio on copper extraction and sulfuric acid (H2SO4) concentration on stripping were investigated.

Jan 1, 2019

By Nadir Plasencia, Rogerio: Neves Mota

The evaluation of vibrations induced to build structures is one of the main concerns when dealing with blast works. EDP, the main Portuguese producer of electricity is presently incrementing energy production in some old hydropower dams by installing new production plants. The need for not disrupting production during the upgrading works causes some concerns related with vibrations induced to the production engines. Vibration estimation was performed in two of these dams, constructed in a granite environment, by performing controlled blasts. For each dam site, some vibration transmissivity laws were developed with the fitting process.

Jan 1, 2008

By S. Ito, Y. Watanabe

In the long range production planning at the Matsumine mine, a management target is to maintain a desired production rate and to keep fluctuations in copper and zinc grades within given allowable limits. A simulation model was developed to find, on a trial and error basis, how feasible and practical the target may be under certain constraints on the underground mining sequence. A number of simulation runs have been made to obtain the most suitable production rate for the long term. In this paper, an outline of the simulation model is described.

Jan 1, 1976

By Frank Lucca

This study is based on a six month study performed for Lee County, Florida. The study was based on blasting for land development and how this type of blasting affects structures. The study is investigates peak particle velocities and the relationship to other environmental and manmade forces that affect structures. The study also explores the effect of geology on blast vibration. After completion in Lee County, the study was then continued in the quarry environment in Vermont and extremely tight blasting environment of New York City. Charge diameters were 127mm (5 inches) or less.

Jan 1, 2006

Tennessee is the largest federal program state in the nation, with 62 active surface and underground coal mines. Tennessee's coal resources lie in 22 coal seams in 22 counties. Twelve seams are being mined at this time. Mining in the northern counties is primarily in steep slope areas in the Cumberland Mountains. The relatively flat terrain associated with the Cumberland Plateau makes area-rnining the most common production method in Tennessee's southern counties. The State of Tennessee gained primacy August 10,1982, when its regulatory program was conditionally approved, subject to the correction of certain deficiencies. On May 16,1984, the Tennessee General Assembly repealed most of the Tennessee Coal Surface Mining Law of 1980, effective October 1, 1984. With this action, withdrawal of the state regulatory program was formalized, and on October 1,1984, the Office of Surface Mining's Knoxville Field Office became the regulatory authority. Tennessee is not eligible to receive funds for an abandoned mine reclamation program because it does not have an approved regulatory program. Accordingly, the Tennessee Abandoned Mine Lands Program does not receive federal AML grants. Since 1984, AML projects have been completed under cooperative agreements between OSM and the state; emergency projects are completed by the Office of Surface Mining.

Jan 1, 1992

By Don C. Warrington

This paper is a survey of the various methods and research efforts by which the drivability of piles is determined. First, a brief outline of the basic theory and the important parameters for driving by vibration are presented. Then, a wide variety of methods by which the drivability of piles is determined are presented and discussed, with special emphasis on methods developed in the USSR. Each of these methods are examined as to how they take into account the various parameters of vibratory pile driving, such as eccentric moment, frequency, dynamic force, motor torque and power, vibrating and static weight, and other variables. Some relation of these methods of field data is presented as well.

Jan 1, 1989

Thank you chairman, good afternoon ladies and gentlemen. In my talk this afternoon I intend to cover a brief history, some of the recent experiences and an overview of the McArthur River project.If we consider the themes of this forum, Obstacles and Opportunities, I can confidently say that in attempting to develop the McArthur River deposit Mount Isa Mines Limited (MIM) must have encountered almost every obstacle that can be imagined. However the large size and the high grade of the deposit has ensured an opportunity, from which it is very difficult to walk away from.The McArthur River Here's Your Chance (HYC) Deposit is located in the Northern Territory of Australia. It was discovered by Mount Isa Mines Limited geologists in 1955 and is one of the largest known sedimentary stratiform zinc-lead-silver deposits. The deposit has been the subject of numerous investigations and considerable expenditure culminating in a major feasibility study in 1979. There were a number of factors which prevented development, these being the size of the project, the fine grained mineralization, geographical location, market, social and capital cost. The latter had been estimated in the 1979 study to be $800 million at that time.

Jan 1, 1993

By O. W. Walvoord

Mill design of the past will not necessarily dictate mill design of the future. There have been many advances and changes in the last few decades, many of which have been extensive and remarkable. Almost certainly, there will be still greater changes in the near future. Minerals beneficiation, for example, as it relates to future mill design, is likely to experience the greatest progress. Gravity separation, though one of the older arts, is in a continuous state of refinement. Flotation, having celebrated its 50th anniversary in 1961, has yet to be surpassed in its contribution to the art of mineral dressing. Ion-exchange, too, will flourish.

Jan 1, 1971

By Frank Firmstone

Discussion of the paper of John B. Dilworth, presented at the Pittsburg meeting, March, 1910, and printed in Bulletin No. 35, November, 1909, pp. 1041 to 1043. FRANK FIRMSTONE, Easton, Pa. (communication to the Secretary*) :-Mr. Dilworth's formulas and tables are of course correct, and the extinction will occur as calculated, provided the money periodically set aside for sinking-fund be really invested. and the interest compounded as assumed in the calculation. Actually, in almost all cases, such funds are used "in the business," in which case, in addition to the periodical charges for principal of the fund, additional charges must be made at the end of each period to cover the interest and compound interest on previous charges. The periodical charge for sinking-fund thus becomes a varying and continually increasing one until the date of extinction. On many accounts it seems more natural and convenient to make the extinction by a fixed periodical charge under the legal rule for partial payments, namely, that each payment should apply first to the interest due at the date of payment;: and any remainder, after this is satisfied, be deducted from the principal before the interest for the next period is calculated. The formula below is convenient for such calculations S, Principal to be extinguished. Q, Periodical payment or charge for sinking-fund. B, Balance unpaid at date of nth payment, but before that payment is made. r, Rate of interest per period per cent. n, Number of payments or periods. Then, B=S(1+r)n-Q(1+ r)n-(1+r) Received July 27, 1910.

Apr 1, 1911

By Hagan T. O

The problem of rockbursts presents a serious threat to many deep, hard-rock mines. For several decades, the owners and managers of affected mines have been concious of the urgent need to control rockbursts but, to a large extent, their efforts have been hampered by a lack of fundamental knowledge. This paper will attempt to outline the extent and depth of present understanding of the phenomenon and to show how better control may be achieved in the future. It is suggested that it is helpful to distinguish two aspects of the problem: that pertaining to the mechanism of the seismic event and that associated with the mechanism of damage. Understanding damage mechanism will enable development of better support techniques while proper understanding of the source mechanism could lead to better mine planning and improved stoping layouts. In this regard, the practice of partial extraction with systematic strike stabilising pillars is discussed in some detail.

Jan 1, 1986

By Richard V. Wyman

The genesis of ore deposits has been tied to plate tectonics through differential petrogenesis in subduction zones. However, many mineral districts, especially in the Basin and Range province of United States and Mexico, appear unrelated to any possible subduction zones or to plate boundaries. It is proposed that the pattern of mineral belts is related to mantle plumes which have been overridden by an advancing continental margin.

Jan 1, 1976

By J. K. Ross, K. O. Hoal, S. K. Appleby

Understanding ore variability is a key factor in the geometallurgical analysis of a deposit and is beneficial to process development and mine planning. Ore variability is a function of the mineralogy of a deposit, in terms of both ore and gangue minerals and their textural relationships. This study integrates optical microscopy and quantitative mineral analysis to characterize the mineralogy and texture from 13 samples from different lithologic units at the Bingham Canyon Mine. The analysis identified several parameters, such as modal mineralogy, alteration assemblages, distribution of mineral phases and alteration assemblages and microfracture and void space distribution. These parameters can have an impact on the materials’ behavior during processing. This study demonstrates that quantitative mineralogical analysis can provide detailed information for improved understanding of ore variability.

Jan 1, 2010

By Samara Ali-Ahmad, Keith Hanks, Cindy Pham

The City of Los Angeles will rehabilitate approximately 9 miles of its North Outfall Sewer. This sewer was constructed in the 1920s as an unreinforced concrete semi-elliptical sewer. One of the methods for rehabilitation is to approach the sewer as a pre-excavated tunnel and install pre-cast segmental liners to provide a single pass corrosion resistant, structurally self sufficient project. The estimated cost for this project is $46 million. The project has completed the pre-design study, and the design is now underway.

Jan 1, 2003

By J. H. Field

Capital and operating costs have been estimated for removing sulfur dioxide from flue gases of a powerplant of 12,000-kw. capacity by liquid-purification processes, using limestone, ammonia, or sodium sulfite as the reactant. The annnonia and sodium sulfite processes yield end products that may be marketable. Coals containing about 1.5 and 5.0 percent sulfure have been considered. The sulfur dioxide content of the gases to be treated is 0.083 and 0.30 percent, respectively. Estimates have been made for 90-percent removal of the sulfur dioxide from both gases. A third instance has been considered in which 70 percent of the sulfur dioxide is removed from the flue gas of 0.30-percent concentration. The scrubbed gas would contain 0.09 percent sulfur dioxide, which might be within the permissible limit for discharge to the atmosphere in most areas. Although it is unlikely that flue gases with sulfur dioxide concentrations of less than 0.10 percent would require purification, a cost estimate for such a gas is included because an estimate is available for a British plant employing the limestone process at these conditions. Capital investment and operating costs, with no credit for products, are lowest for the limestone process for gases of both concentrations. Crediting the ammonium sulfate and sulfur produced in the ammonia process at their market prices at the end of 1956 of $32 and $28 per ton, respectively, the operating costs of the ammonia process become the lowest for purification of the gas containing 0.30 percent sulfur dioxide. The operating costs of the sodium sulfite process for purifying gas of high sulfur dioxide content approach those of the limestone process when the byproduct sulfur dioxide is credited at $14 per ton. Even if credit for products is allowed for the ammonia and sodium sulfite processes, the operating costs are higher than those of the limestone process for the gas of low sulfur dioxide content. Because of the large quantity of materials that would be produced by removing sulfur dioxide from a relatively small number of plants, credit for products should be allowed with extreme caution.

Jan 1, 1959

By Paramguru R. K, Jena P. K

Increasing demand for copper, lead and zinc with continuous depletion of good grade ore reserves, warrants the need for utilization of lean and complex ores of these metals. There is worldwide effort to develop suitable processes for these purposes. The present paper deals with the chloride leaching of complex base metal sulphide concentrates of two Indian deposits. A two stage leaching process is suggested keeping selectivity of metal dissolution in view.In the first stage most of the lead and zinc are reacted with dilute FeCI3 (0.3M) solutions at a temperature ono°c where major portion of the lead remains in the residue and zinc reports in solution. After taking out lead chloride by brine leaching, the residue has been treated for copper dissolution. A concentrated FeCI3 leaching at boiling temperature as well as ambient aqueous chlorine leaching have been separately tried to dissolve out the copper from the residue. Based on the results obtained, a flowsheet for the proposed process is presented.

Jan 1, 1981

By Richard S. McCaffery

A Research on iron blast-furnace slags has been in progress since 1922 in the metallurgical department of the University of Wisconsin, supplemented by observations, tests and critical examination of operating records at 10 furnaces. From the data thus collected information has been put into forms suitable for use by furnace operators and is given in this report and the three accompanying papers.' In the viscosity results reported, it is estimated that temperatures were measured within 5" C. and that the viscosity determination of the particular slag investigated is accurate within ± 4 per cent. In the viscosity diagrams in the various papers, the equal viscosity lines were drawn in such a manner that in all cases they are located correctly with respect to the actual experimental results, but when determining a viscosity for a particular composition from the diagrams, the viscosity may. be slightly less accurate than the experimentally determined viscosity for the same slag, for the reason that the iso-vis lines interpolated between the experimental results may be shifted slightly without violation of the experimental data. The viscosity diagrams represent our judgment of their position under the above conditions, and we believe the relative accuracy of viscosity data taken from the diagrams is more than sufficient for any use to which the data may be put. Hundreds of samples of slags synthetically produced in the laboratory and of actual furnace slags have been studied in various ways. The ranges of compositions of slags used for viscosity measurements are: silica 25 to 55 per cent.; alumina 0 to 35 per cent.; lime 25 to 55 per cent.; magnesia 0 to 20 per cent. These measurements were made at temperatures of 1250°, 1300°, 1350°, 1400°, 1450°, 1500°, 1550°, 1600" and 1650" Centigrade. Descriptions of apparatus, methods used and statements of the problems investigated have been published in the papers listed in the bibliography beginning on page 120.

Jan 1, 1932

C. H. WILSON,* New York, N. Y. (written discussion?).-On page 2680, under the heading Junction Box and Zone Box, the authors say, with reference to the zone-box principle of connections between primary couple, compensator couple, and copper leads, which method in its appli-cation to a single couple is shown in Fig. 34, that if this principle is adopted for a multiple installation, so as to save compensating leads; a selective switch may be (and the inference is that it must be) inserted between the zone box and the different couples, putting the switch at an inconvenient point, or putting up with some complicated interlacing of connections.. Wilson-Maeulen Co. has employed the zone-box method extensively for several years and in none of the many multiple installa-tions has either of those alternatives been resorted to. Instead there has been used a method of wiring with the switch at the indicator and involv-ing no more complications than the junction-box method shown III

Jan 11, 1919

By D. J. Houlahan

ABSTRACT Sorting has the potential to massively improve the pro?tability of mining base metal, hard-rock ores. However, several barriers to the increased application of sorting have been identi?ed, including a lack of mineral-speci?c sensors available to the industry. This paper presents the outcomes of acollaborative project to develop an induction-balance sensor speci?cally for low-grade copper and nickelores. A review of the basic principles of induction-balance sensing and of the sensor-rock interaction is presented. Early development and testing of the sensor on ores from the Thompson nickel belt in northern Manitoba is discussed. Shortcomings of the prototype identi?ed in early testing have now been over-come, leading to improvements in design and construction, as well as sensor accuracy. The improve dsensor has now been tested on additional ores from the Sudbury Basin, with good results. A discussion of potential applications is presented and recommendations for future development are made.

Jan 1, 2010