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By S. P. Lowe

Introduction In the following pages a general description is presented of the concentrator and cyanide plant of the Hudson Bay Mining and Smelting Company, Limited, at Flin Flon, Manitoba, together with some account of the steps which have led to the adoption of the present practice. For an account of the preliminary test-work and pilot-mill operation, the reader is referred to a recent paper by R. E. Phelan on the History of Flin Flon Mine up to Construction (1). Additional notes may be found in a paper which the writer presented at the Annual Meeting of the Institute in 1930 (2). The first ore was crushed in the present plant on July 1st, 1930, and the first ball-mill was started one month later, on August 1st. Since that time, production has been continuous with the exception of one month lost during a strike in the summer of 1934. There have been no major changes in equipment or methods of treatment since the present plant was built, but many minor changes have contributed to the improvement in results obtained and to the increase in capacity to the large tonnage now being milled. The accompanying flow-sheets indicate the equipment used in the several plants, with the average life and repair cost. As originally built, the concentrator was to treat 3,000 tons per day, but the capacity has been increased to 4,400 tons. The methods adopted to make possible this increase in tonnage will be referred to below. It was the intention to produce two classes of ore: (1) a heavy sulphide, and (2) a disseminated ore. The mill was consequently divided into two sections, each adapted for most efficient treatment of one particular type of ore. However, it was soon found that it would be impossible to mine the two classes of ore separately, so it was decided to treat open-pit ore, which varies greatly in character, in the sulphide section, and underground ore, which is fairly constant, in the disseminated section. This segregation is still maintained.

Jan 1, 1935

By P. M. Sullivan

This report describes a new application of electroamalgam metallurgy in recovering all the zinc as refined metal from galvanizers' sal skimmings. Pure zinc was recovered by electrolysis of skimmings leach liquors in amalgam cells. The following information was gained as a result of literature studies and subsequent laboratory investigations. 1. Reports in the literature indicate that pure zinc can be recovered from chloride solutions with the aid of amalgam cells. From Europe it was reported that amalgam cells could be used to recover pure zinc and chlorine from leach liquor obtained from pyrite cinders following a chloridizing roast.

Jan 1, 1956

By D. Berberick

Hecla?s Lucky Friday Mine is a deep, underground producer of silver, lead and zinc in the Coeur d?Alene mining district of northern Idaho. Main access into, and production from, the mine is via the Silver Shaft, a 5.5-m (18-ft) diameter, concrete lined shaft sunk by J.S. Redpath to an original depth of 1,890 m (6,200 ft) in the early 1980s. The shaft is divided into four compartments (Fig. 1), with sets made of 225 mm x 175 mm (9 in. x 7 in.) hollow structural section (HSS) steel buntons and 150-mm x 150-mm (6-in. x 6-in.) HSS dividers spaced every 4.5 m (15 ft) down the length of the shaft. Two skip compartments on the east side of the shaft are equipped with 125-mm x 150-mm (5-in. x 6-in.) HSS steel guides and 9-t (10-st) skips with three deck trailer cages for men and materials. The west side of the shaft is divided into a manway, and a fourth compartment that was originally designed for a service cage. Shaft services consist of a 250-mm (10-in.) a compressed air line and 150-mm (6-in.) sandfill line along the south side of the shaft, and 250-mm (10-in.) discharge (gray) water and 150 mm (6 in.) fresh water lines on the north wall. The mine?s primary 13.8 kV power lines, as well as communication lines are located on the west wall of the shaft. The production hoist is a 3.7-m (12-ft) diameter, double drum, double clutch, 2,238 kW (3,000 hp), direct current unit equipped, at the time, with thyristor drives. The 30-year-old drives would prove to be problematic during the rehabilitation project, leading to an upgrade to modern ABB drives later in the project, after the shaft rehabilitation was complete. The shaft had been subjected to the typical wear and tear of 30 years of operation, including intermittent sandfill and muck spills, and, in the lower areas, some corrosion. During those 30 years, the west compartment, originally designed for the service cage, could only be accessed from a work deck on top of the skips or from the manway.

By J. Hanna

Four Ca-bentonitic clays from Alabama were evaluated for use in Diammonium Phosphate (DAP) or Urea Ammonium Nitrate (UAN) fertilizer suspensions. The viscosity and gel strength of suspensions prepared with different proportions of a Western bentonite clay and sodium exchanged Alabama clays, were measured as a function of clay content and dispersant concentration. The results obtained suggested that three of the Alabama Ca-bentonites would replace about 40% of the more expensive Western bentonite in UAN and DAP fertilizer suspensions. The performance of the Na-modified clays, prepared according to the TVA soda ash method, was as good or even better than those observed for the Mg-, Na/Mg-or K-modified clays. The TVA clay modification procedure appears to be reliable and cost effective.

Jan 1, 1989

By L. Martin, M. Raffaldi, M. Stepan, D. Benton

The Office of Mine Safety and Health Research, Spokane Mining Research Division, is continuing its high-energy, high-displacement testing of field-scale shotcrete panels. A test program was developed to determine the relationship between applied force, displacement and energy for both unreinforced and reinforced shotcrete panels. Reinforcement options consisted of synthetic macro-fibers, sprayed polyurea liners, chain-link mesh, welded-wire mesh and combinations of them. During testing, photogrammetry was used to measure the geometric changes of the panels, including volume changes and panel cracking. These measurements were correlated with the load and displacement data, allowing visual observation to be related to the applied force and displacement. The test results provide a comparison of the mechanical performance of the various panel types and can assist in interpreting the condition of installed surface support. Visual assessment of the loading cycle and strength capacity of shotcrete in underground excavations will improve mine safety by providing a means to better quantify the stability of installed shotcrete support.

Jan 1, 2016

By R. L. Schmidt

Research conducted over the past 20 years in France, Great Britain, and the United States on the use of the large-hole burn cut has established cer¬tain advantages for this system. Advantages include longer pull and more complete fragmentation from blast rounds. However, research is needed to establish a set of parameters for optimum performance. As part of the Bureau of Mines Advancing Mining Technology for Marginal Resources program, the Twin Cities Mining Research Center, Twin Cities, Minn., acquired a horizontal rotary drill capable of boring holes up to 24 in. in diameter. This was used for a series of underground experiments at White Pine mine, White Pine, Mich., during 1973. Exceptional results were obtained with a 12-1/4-in void hole that yielded up to 18 ft of pull in a 10- by 20-ft drift, Fragmentation was excellent, and the compactness of the muck pile facilitated loading.

Jan 1, 1975

By Dennis A. Long

"The size of off-highway trucks has increased substantially over the last decade, bringing about a radical change in truck maintenance practices and procedures. As a result, surface mine maintenance mechanics today are faced with the increased hazards of working with larger and heavier tools and components and doing repairs at greater heights, thereby exposing them to a high potential for serious injury or death. Not surprisingly, the number of accidents involving truck maintenance mechanics is significantly increasing.The Bureau of Mines has assessed the haulage truck maintenance safety problem, analyzing maintenance-accident data over the 7-yr period, 1978- 84, in terms of personnel, job activities, truck components and systems, tools involved, and truck design. This assessment, based on the review and interpretation of 1,225 haulage truck maintenance accident reports, identified major factors contributing to these accidents. Overall, young, inexperienced workers are involved in most accidents. A typical maintenance accident involves a male mechanic under 33 yr old, with less than 5 yr job experience. INTRODUCTIONOver the past decade, surface mine maintenance and repair operations have changed radically. The number of maintenance personnel has grown along with the hazards of working with larger and heavier components at greater heights and with larger and heavier tools. Furthermore, transfer of skills from over-the-road vehicle mechanics is not as feasible as it once was, because of the ever increasing size of mining equipment and the complexity of its design. In short, surf ace mine equipment maintenance and repair has become increasingly sophisticated as well as labor intensive, necessitating further research and evaluation in terms of both safety and efficiency (1, 7-8) 2"

Jan 1, 1986

By Ilija Ilic

Recovery of tin from tinplate and production of good-quality detinned-plate for further processing in ironworks has been the subject of interest for many years. Tinplates are mostly used for production of tin containers for food industry and consumer goods. The research carried out so far included determination of the parameters of dissolution of tin from tinplates by alkaline solution of NaOH and electrochemical recovery of tin from the alkaline solutions. During leaching, NaNO3 and methanitrobenzoic acid (MNBA) as oxidants were studied. By leaching the waste tinplate which contains 0.31 % of tin with a solution of 1.12 mol/dm3 NaOH, 0.26 mol/dm3 Na2CO3 and 0.09 mol/dm3 MNBA at temperature of 70°C for 60 mm, a degree of tin leaching of 97 % was attained. MNBA facilitates oxidation of Sn2+ into Sn4+ suitable for obtaining compact, and not spongy, Sn cathode deposit, as it was the ease earlier. Recovery of tin by electrolysis from solutions obtained by leaching was studied to determine the effect of electrolyte composition on the quality of cathode deposit and the degree of electric current efficiency. Experimental results obtained at a laboratory level were checked on an enlarged laboratory set up where continuos leaching of tin from waste tinplate and its electrolytic recovery from the solution obtained were carried out. The experimental set-up -operated under semi-industrial conditions, and about 500 kg of waste tinplate was processed yielding about 1.160 kg of tin (99 % Sn).

Jan 1, 2000

By A. Uribe-Salas, J. A. Finch, B. J. Huls

Gas holdup profiles in the collection zones of a pilot flotation column (0.91 m x 13.5 m) and a laboratory flotation column (0.057 m x 9.5 m) operated with air and water only were determined from pressure measurements. The profiles were determined discretely and continuously. For the pilot column, a minimum distance between pressure measurements was necessary to give reliable results. For the laboratory column, a third-degree polynomial fit to the pressure vs. height data was required. Water manometers proved to be less sensitive to sensor and process noise than pressure transducers. The profiles showed that gas holdup approximately doubled over a height of 8 to 10 m. The profiles were not linear, and the gradient increased towards the top of the column, especially for gas rates greater than 1 cm/s. The profiles cannot be predicted by a simple bubble expansion model. The implications of this new finding of a significant gas holdup increase with height in the collection zone on various aspects of flotation column design and operation are discussed.

Jan 1, 1996

By C. H. Lau, I. T. Ng

Uniaxial Compressive Strength (UCS) of rocks is an important mechanical parameter for many civil engineering and rock engineering applications such as tunnel excavation, slope stability and foundation design. Macau is one of the world's fastest growing and most densely populated cities, many large and important infrastructures have been being continuously built using pile foundations which are designed to be supported by granitic bedrock. In Macau, the UCS of the granitic bedrock is required almost for every project involving pile foundations and is always measured directly from UCS test in the laboratory. However, direct measurement of UCS requires high quality rock core sample which is not only time-consuming and expensive but also requires high level of operating skill. In view of this fact, estimation of UCS using some empirical correlations will be more practical and efficient because they are relatively fast and economical compared to the direct measurement from UCS test. In the past, some empirical correlations had been established and widely used for estimating UCS of rocks in common engineering practice. However, it has been well recognized that the rock properties are generally varied with sites or geological regions in other words an empirical correlation developed from one region or one country may not be applicable for other regions or countries. Due to the reason that the empirical correlations for predicting UCS for granite are scarce in practice, in this study an extensive experimental program has been performed and a large database containing data such as UCS, Point Load Index (Is50), Schmidt Rebound Hardness (RL), porosity (?), water absorption (S), specific gravity (Gs) and dry density (?d) has been developed. An attempt has been made for developing a new empirical correlation for estimating the UCS of Macau granite. Accordingly, a comprehensive statistical analysis for correlating UCS with Is50, RL, ?, S, Gs and ?d has been performed and a local empirical relationship based on the developed database is proposed for obtaining reliable estimation of UCS for the granite of Macau. Finally, the performance of the proposed correlation is accessed by using another independent testing database developed in this study. It indicates that Is50, RL, ? and S have strong correlation with UCS whereas Gs, ?d have poor correlation with UCS. This study not only proposed a proper predictive empirical correlation for UCS determination for Macau granite but also provides detailed statistical information which is beneficial to engineers for obtaining better characterization of Macau granite.

Jan 1, 2015

By Vard H. Johnson

"In contrast with the well-publicized Pittsburgh coal, and the Everglades of Florida, most coal-forming swamps of Cretaceous time in western North America occupied relatively limited areas. They formed in areas of irregular subsidence, bounded by the changing levee systems of meandering streams. Coke quality is determined by the physical and chemical behaviour of the vitrain during thermal decomposition. Vitrain is at least in part a colloidal substance, originally containing large proportions of water; its formation and survival depend on maintaining a shallow cover of stagnant water up to the time of burial. Heat from swamp fires or subaerial dyhydration could destroy it or impair its quality. Observed patterns suggest that the metamorphism is almost entirely thermal, and that there is little relation to tectonic stresses, or loading. These coals had probably achieved essentially their present rank prior to deformation. Evidence of frictional heating along the thrust planes is minimal or absent. Normally, coal beds are aquifers. Oxygen carried into the subsurface becomes available and reacts with the vitrain to destroy its natural thermoplastic properties. The tolerance of oxygen without loss of thermoplasticity is inversely related to the volatile content. Significant lateral variations of coal thickness are common and sometimes occur in short distances. In deformed areas these thickness changes are more commonly due to differential tectonic stress rather than to original thicknesses of coal. Locally, coal is known to have flowed into cavities, or fractures. These principals are discussed in relation to coal deposits of western Alberta and eastern British Columbia."

Jan 1, 1972

By H. J. Lechtenberg

Preliminary results are given of solvent stimulation of two wells producing viscous oil (14°-17° API) from the Tar zone in the Wilmington field, California. The solvent (coker oil, an intermediate refinery product) was injected into the formation, and after a soak period, the well was returned to production. Data are given on crude oil properties, solvent properties, determination of volume of solvent in the produced oil, rate of oil production before and after stimulation, volume of additional oil produced, and volume of solvent recovered. Although further study and improvement of the method arcs needed, cyclic solvent stimulation appears to be an unqualified success in one well and a moderate success in the other.

Jan 1, 1972

By H. F. Kendall, J. H. Ffolliott

MANY papers and reports have been devoted to the geology and ore deposits of the Ducktown district, Tennessee, especially the complete report by W. H. Emmons and F. B. Laney, published as Professional Paper 139, by the U. S. Geological Survey. The present paper discusses the work of the geological organization of the Tennessee Copper Co., which is based on the field work of the above paper and the consulting work of W. H. Emmons. The Ducktown basin lies in the southeastern corner of Tennessee and extends a short distance into Georgia and North Carolina. All productive mines are contained in an area of 15 sq. mi. in the center of this basin, which is an undulating plateau at an elevation of 1650 to 1800 ft. above sea level. It is surrounded by the relatively high mountains of the southern Appalachian region. The rocks are of early Cambrian age. Deposition of the ores probably took place during the latter part of the Paleozoic era. The ore deposits are rudely tabular to lens-shaped bodies of massive sulfide, varying from a few feet to over 200 ft. in width. In general they all strike northeast and dip southeast at angles from 45° to 70°. Locally, where affected by folding and faulting, the variations in dip may be even greater. The lodes usually are parallel at distances of from one-half to one mile measured normal to the strike. The deposits are a replacement of a fairly continuous bed or a series of disconnected limestone lenses, highly folded and somewhat faulted, which probably represent the same stratigraphic horizon.

Jan 1, 1933

By Rainer M. Lotzien, Michael J. G. Battersby, Jan Kleefeld, Julian V. Brown, Rainer M. Imhof

"The standard method of separation using flotation is compromised in terms of kinetics and efficiency, because of the generally slow separating differentials of fine bubbles and fine particle suspensions. A new flotation system has been developed that addresses these issues and imparts other benefits. The new technology is based on established pneumatic flotation designs called Imhoflot which use intensive in-line pre-aeration to aerate the flotation pulp prior to its introduction to the separating cell. Consequently the cell is designed only for the separation of the phases and not for bubble-particle contact. In the new system this separation is speeded up dramatically by the introduction of centrifugal motivation in the separating vessel, without the use of internal moving parts. The design focuses on providing increased differential forces on buoyant mineralised bubbles and hydrophilic fines. The observed result of these differential forces is the improvement of concentrate qualities by the reduction of the amount of misplaced material found in the froth. The commercial benefit to industry is much reduced residence time, less than 30 seconds, which offers considerable cost savings in equipment and infrastructure.Prototypes of 0.65m, 1.7m and 2.2m cell diameter size have been constructed for hydrodynamic and industrial scale tests to assess the previously established computational methods for scale up of the process. The 1.7m cell has been installed and operated for cleaning of potash concentrates in Germany, at throughputs of 150 m3/hr, with extremely encouraging results. A 2.2m cell has been installed and operated in plant trials for superfine coal in South Africa. Results are presented that illustrate the effects of differential separations by comparison with conventional pneumatic and mechanical flotation techniques. Predictions of performance are provided in the contexts of the applications tested."

Jan 1, 2003

By Charles R. Holmes

MORE than 70 igneous pipes and dikes are known to occur in Cambrian sediments throughout an approximately circular area of about 75 sq miles in southwestern Ste. Genevieve County and southeastern St. Francois County, Mo., across the southern portion of the Farmington anticline, which is outlined in fig. 1. From evidence obtained from fossil fragments taken from some of the intrusive, and from the similarity in composition of the more basic intrusives to those of known age in surrounding states, these pipes and dikes are believed to be at least post-Devonian and probably Cretaceous in age. As first postulated by Rust, these intrusives are believed to represent explosion tubes, or diatremes, punched through great thicknesses of solid rock by gaseous pressure. The particular intrusive studied is located about 1 mile north of the small town of Avon at an elevation of 880 ft in the EM SES NE% of sec. 2, T. 35N, R. 7E. Outcrop is through the Bonneterre dolomite in two separated exposures. The larger outcrop extends east and west for about 50 ft along a tributary in a small ravine (fig. 2). The smaller exposure occurs as a few scattered patches over an area 20 ft square about 100 ft to the north. The area between the exposures is covered, but scattered patches of the Bonneterre dolomite outcrop throughout the area surrounding the diatreme. Where exposed, contact relations show the surrounding dolomite to be shattered and metamor- phosed to a fine-grained rock for a distance of 15 to 20 ft from the intrusive. The igneous rock occurs as a dark greenish-gray porphyry near the center of the diatreme and as a fine-grained, greenish-gray material containing lapilli and metamorphosed fragments of dolomite near the contact with the country rock. The most abundant original mineral of the porphyritic rock is olivine now largely serpentinized as the result of extensive hydrothermal alteration at time of emplacement. The most common constituent of the fine-grained rock, which occurs near the border of the intrusive, is calcite. Mica is a common constituent of both types of rock, occurring as tufts or

Jan 1, 1950

By G. L. Oldright, Virgil Miller

"ACKN0WLEDGMENTSThe data given in this paper were collected at the Bunker Hill smelter through the courtesy of Stanley A. Easton, the vice-president and general manager, Frank M. Smith, the smelter director, and with the assistance and cooperation of A. F. Beasley, the smelter superintendent, and his staff members.THE BLAST FURNACE AND PLANTThe general lay-out of the recently built (1917) Bunker Hill plant has been given in the technical press in articles that were cited in Report of Investigations 3088. In addition it may be noted that the description of an ideal smelter given by Riddell 5 a year later fits the Bunker Hill smelter very well, with some changes, such as the location of the stack, made necessary by topography. For purposes of this article on the blast furnace it may suffice to state that the plant is one of the ""side hill location"" type. The various successively lower benches may roughly be considered as made for (1) the stack, (2) Cottrells and bag houses, (3) Dwight and Lloyd sintering machines with the equipment or bins for handling or mixing the feed and storing the finished product, sinter, and (4) the blast furnace feed floor with a slightly rising gradient to the bottom of the bins for sinter, feed, and take. The lowest bench (5) might be considered that of the blast furnace tapping floor at which or at appropriately slightly lower elevations are located the units for softening, refining, and treating precious metals, and for casting and loading lead. A very careful study of grades was made in order to be able to handle the products easily. All units were left with at least one end open to permit expansion of the plant, it desired, and each unit was separated from the other, evidently so that the operators on one level would be annoyed as little as posssible with the products made on another."

Apr 1, 1931

By Richard G. Geyer

One aspect of a program to improve the chances of survival following coal mine disasters is the development of a communications sys tem which will allow surviving miners to make their circumstances known to rescue teams. At present, it appears that an electromagnetic system may be most practical. The development and design of an effective electromagnetic communications link for signalling between mine workings and the surface requires knowledge of pertinent physical properties of the rocks overlying the mine workings and the characteristics of the ambient noise against which a communications signal must be recognized. Knowledge of the overburden electrical transmission properties is useful not only for determining a practical operating transmitter frequency at a given mine, but also for ensuring the best possible electromagnetic coupling for routine or emergency communication purposes. Field studies of the electrical transmission properties of the overburden of coal mines in Colorado, Illinois, and Pennsylvania generally show that a relatively uniform and unimodal electrical conductivity distribution exists provided that the region has not been subject to considerable structural or metamorphic deformation such as that observed in the Gary District of West Virginia. Measurement s of ambient surf ace electromagnetic noise levels at several mines in Colorado, Illinois, and West Virginia were taken and analyzed and are presented in the form of amplitude histogram plots both as a function of frequency and time of day. These amplitude histograms may be used in conjunction with overburden resistivity data in implementing an uplink communications beacon system which will yield a specified signal- to-noise ratio at the surf ace. Numerous C .W. field transmission tests were made in various coal mining environments with use made of either a buried vertical-axis transmitting loop or a short insulated grounded current line. These transmission tests were made from 20 Hz to 20,000 Hz in frequency and at several geographic surface receiving sites. The results of these field measurements show, in general, good agreement with theoretically calculated results. Since the produced surf ace magnetic field from a buried vertical-axis loop source or the produced surface horizontal electric field from a buried horizontal current line show better agreement with theoretical results, they could be used for beacon location system. One criterion would be in detecting the equatorial and polar null lines of the horizontal electric field component which is normal to the direction of emplacement of a buried transmitting line current source. A second criterion would be in the surface mapping of the maximum in the vertical magnetic field directly over a vertical-axis loop transmitter and the associated null is the vertical magnetic field at a horizontal offset distance which is about 1.4 times the depth of burial of the transmitter. Finally, a third criterion would lie in the surface mapping of the null in the horizontal magnetic field directly over the vertical-axis beacon and the associated maximum in the horizontal magnetic field at an offset distance from the transmitter axis of half the depth of burial of the loop transmitter. In mapping the vertical magnetic field over a buried vertical-axis loop transmitter, the size effect of the transmitter loop must be taken Into account when the separation distances between the transmitter and receiving sensor are less than ten times the effective radius of the source loop; increasing the size of the transmitting source relative to the source-receiver separation distance shifts the null in the vertical magnetic field to greater offsets. In mapping either the vertical or horizontal magnetic field over a buried vertical-axis loop transmitter, care should be exercised in ascertaining that measured nulls and maxima are along radials through the axis of the buried source loop. For the main part, coupling experiments show that ambient electromagnetic noise in coal mining districts is less of a problem above 1000 Hertz. But secondary and perhaps undesirable maxima and null phenomena (as well as penetration problems) would occur in many coal mine provinces in the behavior of the surface horizontal magnetic field (over a buried vertical-axis loop transmitter) if transmission frequencies as high as 10 kHertz were used.

Jan 1, 1974

By P. H. Chang, J. E. Gould

"Solidification structures and austenite decomposition in some spot welded O.05%C - O.3%Mn steels have been studied with the aid of a numerical thermal model. The model is a one dimensional finite difference formulation, and accounts for melting, temperature dependent thermal properties, effective heat transfer in the liquid, and contact resistances. The model was used to predict solidification conditions during resolidification of the nugget. These solidification conditions were correlated with the primary dendrite spacing using available primary dendrite spacings modelling. The model was also used to predict cooling rates in the temperature regime for austenite decomposition. These cooling rates were used to interpret the underlying microstructure.INTRODUCTIONThe metallurgical transformations which occur during the spot welding of low carbon steels have traditionally been characterized only in the most general of fashions. This is most probably due to the similarity of spot welded microstructures to other welded microstructures, and that the mechanical integrity of spot welds has not been a concern. In addition, little information about the particular thermal cycles experienced during spot welding has been available. The introduction of HSLA (microalloyed) sheet steels has, however, raised new concerns about the integrity of spot welds. These steels have on occasion shown irregular weldability, as well as brittleness in the weld nugget on destructive testing l - 4 .In response to these concerns, considerable work has been done attempting to characterize thermal cycles in spot welds 5-12. This has largely taken the form of thermal modelling, with the end purpose generally to estimate the size of the nugget formed. This work uses the thermal model developed at Inland Steel 13 ,14 to try and understand, in a more fundamental way, microstructural evolution in spot welds. Two facets of this microstructural evolution are examined in detail:"

Jan 1, 1986

By Christopher R. Lattanzi

"Discounted cash flow analysis provides a means of relating the magnitude of expected future cash profits to the magnitude of the initial cash investment required to purchase an asset or to develop it for commercial production. The objectives of discounted cash flow analysis are to determine:.. The net present value of a stream of expected future cash revenues and expenditures... The rate of return which the expected future cash flows will yield on a given level of initial cash investment.In the case of mineral properties, discounted cash flow analysis is generally accepted as the preferred method of valuation, whenever sufficient data are available to permit its reasoned application. Sufficient data are required to support estimation of all of the individual elements of cash revenue and cash expenditure which will be associated with the development and operation of the property, up to the end of its estimated life. It is the accuracy of these input estimates which determines the validity of the resulting determinations of profitability and rate of return on invested capital.In undertaking any discounted cash flow analysis, it is important to recognize certain fundamental attributes of the mining industty:.. The basis of any mineral development is the existence of an ore reserve... Costs are determined by the number of tonnes mined and processed, while revenues are determined by the number of pounds or ounces of metal produced. The two are related by the recovered grade of the ore... Profit is typically more sensitive to changes in revenue than it is to changes in cost... Commodity price is a principal determinant of revenue, but it is also the factor with which is associated the greatest level of financial risk.In the end, of all of the factors which must be considered in the discounted cash flow valuation of a mineral property, the most significant are the reliability of the reserve estimate, particularly with respect to recovered grade, the price at which the product is to be sold, and the risk of not maintaining the projected level of price."

Jan 1, 2003

By Leonard Obert

THE CRACKING AND POPPING of rock, often heard by men working underground, for years has been interpreted as a warning of danger and unstable ground. However, not until 1939 was it discovered that rock under stress generates subaudible and sometimes audible seismic disturbances (referred to as "micro-seismims" 4), which can be detected with the use of a suitable seismic apparatus. Since that date laboratory and field investigations have been in progress to ascertain to what extent this phenomenon can be utilized to detect, localize, and determine the magnitude of areas of instability in and around mine openings and to predict if and when failure will occur. These investigations have included a determination of the types of problems to which the method is applicable and the effect of rock type, geological defects, such as joints, fractures, faults, and other uncontrollable factors, on the reliability of results. Six reports have been prepared covering the investigations conducted between 1940 and 1952 (4-9). 5 These reports describe some of the characteristics of micro-seismims, as determined from both laboratory and field tests; the equipment used to pick up and record micro-seismims; the general test procedure and method of analyzing results; and applications of the method to specific mining problems.

Jan 1, 1957