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By F. Taylor Ostrander

Some countries are infinitely poorer than others in mineral resources-despite the perfect equality of their political leaders ambitions. Compare the mineral poverty of Kenya and Tanganyika with the riches of Katanga Province and Northern Rhodesia. Compare Paraguay with Chile, There never has been any equality in the distribution of nature's wealth. Minerals cannot play any role at all in economic development where they don't exist, and there are bound to be differential rates of economic development where there are basic differences in the wealth of mineral resources available. Africa is my principal area of interest and I know that there is an unfortunate but widespread misconception about Africa's "vast mineral resources, "its "untapped mineral wealth." Why is it untapped? Why is it undeveloped?

Jan 1, 1963

By L. A. Roe

Magnetic separation occupies an attractive position in the field of ore beneficiation. It is a simple yet effective method, used for some 150 years and steadily growing more important. This type of beneficiation orginated in 1792, when William Fullarton was issued a British patent covering the separation of iron ore by magnetic attraction. What is magnetism, and why are some materials capable of being magnetized and others not? The study involves many unknowns, and even a partial answer to these questions would be a dissertation in solid state physics and perhaps other fields of science. But the last two decades have revealed basic facts as to why certain materials are magnetic and what happens to them when they are magnetized.

Jan 12, 1958

By M. K. Pelser

The purpose of this paper is not so much to provide a scientific study of the selection process for the perusal of other psychometrists or industrial psychologists?the purpose is to provide line management with a practical, relatively user-friendly guide to fair and scientific selection. The main areas that are to be covered are: ? Why fair and scientific selection? ? Job analysis ? The job requirement?selection technique circle ? Assessment centres in the mining industry?the Tavistock Collieries Ltd experience. Why fair and scientific selection? Seen from a line manager?s perspective, fair and scientific selection should be pursued for two main reasons: ? to remain within the ambits of the law ? to maximize the probability of selecting the potentially most productive and efficient candidate for the job.

Jan 1, 1997

By Todd Smith

AGENDA Newalta overview Dewatering underground slimes: current technique & challenges Why centrifugation? Process improvements & advantages How centrifuge technology works Implementation: first step Summary of benefits

May 1, 2013

By Jurgen Weissflog

Why, where and since when using shiftable conveyors? Advantages of this equipment The ever increasing demand for bulk materials such as ore, coal, lignite, oilsand, oilshale and bauxite requires mainly an opencast operation. To exploit these materials huge amounts of overburden and partings must be transportes by means of conveyors, trucks or trains. When analyzing the various opencast mines it can be established that there exist only two basic types of mining systems, i. e., the discontinuous strip mining system as used in the USA (Fig. 1) and the continuous mining system as is commonly applied in Europe. The reason why these two mining methods have been developed parallel to and independently of each other to such a high technical standard results from the varying geological conditions of the mineral deposits.

Jan 1, 1983

By Michael Samis

The real option valuation method is often presented as an alternative to the conventional discounted cash flow (DCF) approach because it is able to recognize additional project value due to the presence of management flexibility. However, these two valuation methods can be separated on a more fundamental level by their differences in risk discounting. Real option valuation applies the risk-adjustment to the source of uncertainty in the cash flow while the DCF method adjusts for risk at the aggregate level of net cash flow. This seemingly small difference is the reason why the real option method is able to differentiate between projects according to each project?s unique risk characteristics while the conventional DCF approach cannot. This paper provides an overview of the real options and DCF valuation frameworks and discusses the differences in risk discounting that exist between the two methods. Using grade-school mathematics, this paper clearly demonstrates how, with real options, a unique project risk discount can be calculated which is directly linked to the project?s unique risk profile. It also highlights why the DCF method fails in this regard and shows why a call to ?increase the Risk-Adjusted Discount Rate? is an incomplete solution at best. Finally, a heap-leach project and satellite reserve development project are valued with both techniques and the difference in investment conclusions is explained in terms of the risk-discounting concepts discussed here.

May 1, 2003

We are all no doubt aware that with today's high costs it is more important than ever to get the maximum possible return on capital invested in the mining industry. Screening is an important and often costly process in the size classification of industrial minerals and for this reason alone it is essential for both managers and operators to fully understand what type of screening equipment is best suited for a particular application and why. The advent of elastic materials such as rubber and polyurethane have added a new dimension to the process of screening. It is important to understand why the physical properties of these materials can be of benefit in the screening process, and recognise which type of screening applications best take advantage of these orooerties.

Jan 1, 1984

By T. D. Kaufmann

When Dr. David Gully solicited this paper last spring a few questions basic to commodity trade between the U.S. and world markets appeared perplexing. Why, for example, when the demand for aluminum was at a peak and when little expansion of capacity had taken place, was the dollar price half of what it had been at the previous peak? Or, why in 1984 when imports surged by 50% as the U.S. economy pulled out of its recession did the dollar not fall, but rather rose by 35%? And, why when the experts all seemed to agree that the dollar was grossly overvalued did the price of gold continue to decline? Surely these were extraordinary times for the mineral economist. When this paper was written in late July, 1985 the answers seemed clearer. The prices of many commodities were not low - the dollar in which they were denominated was too high. In other currencies many commodity prices were indeed high. The dollar was overvalued in trade terms by some 40% caused by an influx of short term coupon investments made by foreign money managers to take advantage of the higher short term interest rates in the U.S. relative to other international banking centers. With a decline in the relative difference in interest rates, an unhealthy buildup of foreign bank accounts and a perception that the dollar would fall, the dollar did start to decline rapidly.

Jan 1, 1985

GEO. F. COMSTOCK,* Niagara Falls, N. Y. (written discussion?).¬A study of this paper raises a question on which it is hoped Mr. Stork will throw more light; that is, why does an oxygen content generated on poor melting conditions have a deleterious effect on the properties of the iron, while an oxygen content generated by the oxidation of steel scrap in the cupola is beneficial to the strength and chilling ability? In each case the oxygen is absorbed at the same time and place in the process of melting and it is by no means clear why the superiority of semisteel should be assigned solely to its oxygen absorption, when oxygen absorbed without the steel addition is admitted to be injurious. It is not apparent why oxygen caused to be absorbed by the steel addition should not pro-duce the effects of burning, sluggishness, slag inclusions, gas occlusions, etc., the same as oxygen absorbed by the iron in the cupola for any other reason, and it would seen that other factors to which he has not given sufficient emphasis must enter into the author's results. To an impartial reader of this paper, who was most favorably inclined toward J. E. Johnson, Jr.'s theory of the improvement of cast iron by oxygen, the discrepancy in the author's reasoning or statements is difficult to accept, and it is hoped that an explanation will appear in the final discussion.

Jan 11, 1919

By Joe Pease

"The demand for minerals and metals is increasing. Head grades of ore bodies are dropping. Remaining ores are becoming finer grained, more complex, and more logistically challenging. Mineral processing – in particular comminution – already consumes a huge amount of energy. But in 20 years’ time, it will require about six times as much energy as today to meet the world’s mineral demand.Unless we do something different.As minerals professionals, it is our job to find that “something different”. The world is relying on us. Of course, we must look for new breakthrough technologies and techniques. We must find them, and we will find them – most likely in surprising areas.But what if we also already know how to make 30-50% improvements to efficiency? Just by using existing technologies, by applying modern analytical techniques, by custom designing our plants, by applying manufacturing principles, by breaking down our management silos between disciplines.The thing is, industry professionals already know this. Yet – in spite of a lot of intelligent people trying very hard – we just can’t seem to make it happen.This discussion considers why, despite our best efforts, we don’t get the best out of what we already have. Why we are wasting energy and money. Once we understand why, we can set about unlocking that value and improving industry productivity and energy efficiency. We will discuss the role that professionals and volunteer professional organisations like CMP and CEEC can play in catalysing the changes."

Jan 1, 2015

By Paul Fouchè

Contents ?Purpose ?Introduction ?Why manage a mineral resource ?Sampling or tracking from source ?How can RF tracking help ?Project Goals ?RF System ?Tracer Layout ?Antenna

Jan 1, 2005

By G. C. McKerrow

"Mr. G.C. McKerrow, Assistant Manager of Noranda Mines and formerly Smelter Superintendent attended the meeting to answer questions as to why smelters imposed penalties for too much zinc in a copper concentrate or too much copper in a zinc concentrate, etc.D.W. Bridges -Mattagami Lake MinesWhat limits do you set on zinc and lead in a copper concentrate?G.C. McKerrow - At Noranda, we allow 5% zinc free and charge 25 cents for every unit above that. For lead, it is 1% free and 25 cents per unit above that. Lead is a much more harmful impurity than zinc because it tends to recycle more in the smelter circuit and creates a greater health hazard in the plant.E. Thornton - Sullivan GroupWHat harm does fluorine do in the smelting process?G.C. McKerrow - Fluorine usually does not occur in harmful concentrations in non-ferrous smelters. Fluorides are present in exhaust gases in the aluminum and phosphate industries. If these fumes escape into the atmosphere, they may settle out on forage grasses in concentrations that are harmful to livestock.Thorton - Sullivan GroupI have asked this question other places and have been told that it is hard on brick linings and causes gold and silver to be lost up the stack.G.C. McKerrow - Almost any volatile constituent in a smelter charge will aid in carrying other metal values. To this extent it may be harmful.E. Thornton - Sullivan GroupMr. Tait mentioned before a smelter where they have a copper-tin ore and they pay for copper, tin, bismuth and silver but object strongly to indium in the concentrate. Why would this be?G.G. McKerrow - 1 can't see why indium would be a serious impurity. It does tend to concentrate in flu dusts and if you get enough of it you can recover it and sell it but I have never heard of anyone putting a penalty on it.Question - I once ran into a small copper mine in Peru that had cadmium in the copper concentrate but no zinc. The copper smelter charged a penalty for the cadmium. Why would this be?"

Jan 1, 1971

By Chung Yu Wang

STUDY of two recent papers and a recent book leads one to raise anew the question-Why are certain regions of the earth more mineralized than others?

Jan 5, 1953

By Richard Dooley

The purpose of this paper is to give a description of a controlled blasting program and why Georgia Power now has one; mainly because of the Spillway Project.

Jan 1, 1981

By Doug Halbe

?Many are called, but few are chosen.? The biblical adage applies not only to life, but also to hydrometallurgical processes. There have been, in the past, many outstanding successes with new processes ? and also some dismal failures. What are the odds of success for a new process? When there have been problems, why? What can you do to make sure these problems don?t occur with your process? What effect will a slow startup have on project economics? How do financial institutions ? the people who loan your company money for the project ? feel about new processes and why? Is it possible to predict or estimate the time required to reach design parameters?and if so, how do you sell this estimate to management ? and financial institutions? Probably most important ? when do you start thinking about the answers to these questions?

Jan 1, 2003

By Louise Laverdure

Outline ?Background ?Issues and considerations ?Why do we need to innovate ?Green Mining Initiative ?Footprint reduction ?Innovation in waste management ?Ecosystem risk management ?Mine closure and rehabilitation ?The Future

May 1, 2011

By Greg Quinn

After a long week of work in Colorado Springs this past July, I was looking forward to flying home to start a long anticipated family vacation. As I grabbed my seat on the plane, a man sitting next to me innocently inquired, to the row as a whole and not to me in particular, “I wonder what the weather will be like in Phoenix”? To most people, this is a common (maybe the most common) topic of casual conversation. To a meteorologist that just dealt with six thunderstorm delays at a major golf event over 4 days, well, lets just say the smirk on my face said it all. After giving my flight mate a detailed forecast and a short explanation on why I would know such information, I sensed, correctly, the inevitable follow up question was coming. “Why would you need a meteorologist at a golf tournament?”

Jan 1, 2012

By Y. C. Kim

For the past quarter of century, much more effort and research have been expended in developing the "optimum" ultimate pit limit design algorithms and much less to solving the "optimum" open pit production sequencing. However, the potential economic benefit to an operating mine is far greater for the latter than the former. Unfortunately, the problem of "optimum" open-pit production sequencing has not been fully solved to date. This paper first reviews the past and currently used methodologies for developing this sequence. The staggered pit phase geometry problem of advanced stripping and operational constraints such as ore and waste tonnage requirements by period and necessary contiguity of mining faces are the main reasons why the "optimum" production sequencing problem has not been solved as yet. This paper also explains why any method which attempts to simplify the problem using ultimate pit limit design algorithm will fail to reach an "optimum" solution.

Jan 1, 1994

By White A, Price G

The main assets of a mining company are its orebodies; the second are the people who find and use them.The graphs in Figure 1 were derived from a paper by Rob Macdonald of Rothschild Australia presented to The AusIMM Centenary Conference in Adelaide earlier this year. They show that the value of the industry on the Australian Stock Exchange halved over the past decade, despite the re-investment of capital equivalent to its full market capitalisation. Why is this so? The average dividend yields for the ASX Mining Index was never above five per cent during that period and barely averaged 2.5 per cent. Why then is $Ai million capital re-investment per employee since 1960 not enough to generate a rate of return to investors better than lousy bank interest? Do the investing public no longer regard our industry's assets to be world class?

Jan 1, 1993

By Thierry Bernard, Jean Marc Laboz

This paper explains why and how integration of EIS (Electronic Initiation System) with dedicated software tools can increase benefits to blasters and at the same time simplify the design of blast sequence

Jan 1, 2000