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By T Y. Dube

In this paper current net present value (NPV) based mine valuation techniques that take into account market and private risk are discussed and analysed. Potential pitfalls that arise from the application of a portfolio, market or commodity based risk metric to a mining project are identified. An alternative non-simulative framework for quantifying and factoring market and private risk in NPV calculations is proposed and then applied to a hypothetical case study in an attempt to overcome identified pitfalls. Mathematical proof that a static discounted cash flow (DCF) calculation can underestimate or overestimate mine NPV is presented, the conditions for each are outlined and the degree of underestimation defined.CITATION:Dube, T Y, 2012. How the use of market-based risk metrics can undervalue good mining projects and overvalue poor ones, in Proceedings Project Evaluation 2012 , pp 29-34 (The Australasian Institute of Mining and Metallurgy: Melbourne).

May 24, 2012

In this paper a quantitative deterministic risk modelling approach (Quadrim) is introduced. The mathematical framework and equations for quantifying uncertainty within and aggregating across value chain nodes from error propagation techniques is proposed and discussed. A case study and worked examples, based on a hypothetical mine are then presented. This illustrates how uncertainty from the mining and economic value chains can be handled in a typical net cash flow calculation, and how this can be translated to a risk model. It is then illustrated that current valuation techniques do not just result in an information gap for decision makers. Traditional approaches such as discounted cash flow (DCF) analysis and truck and shovel productivity analysis, which do not take into account uncertainty in input values, can result in potential bias in estimates such as net present value (NPV) or equipment hours

Sep 26, 2011

By H. H. Bleakney

The merit of reduction-in-area as a criterion of quality in metals is shown to lie in its influence on breaking stress, but the virtue of elongation is not easy to find. In order to assess the value of elongation, either as a measure of quality or as a guide to design, it will be necessary to separate the overall de-formation occurring in tension tests from the localized deformation associated with localized reduction in area. The obstacles to a successful solution of this problem have been shown to be more formidable than is generally appreciated, and a new solution to the problem has been suggested. This solution involves a de-vice by which an electric circuit is broken when the particular value of strain is reached that is to be taken as the point of separation between general and localized deformation. The report presents results from a number of tests on both low-carbon and alloy steels. These results indicate that the selected criterion of separation is accurately identified by the proposed method; that it

Jan 1, 1962

By K. E. Hjelmstad

Solution mining operations often encounter difficulty maintaining adequate leach solution flow into the ore formation because of loss of formation permeability near the injection well. Permeability loss caused by swelling and breakup of clays and fine particle migration can often be the cause of the problem.

Jan 1, 1989

Graduate education is an integral part of the Center's research program. The scope of. work and the duration of each research project is calculated, in part, by taking into consideration the needs of the graduate research program and graduate training. Full development of student involvement, as demonstrated by the research practicum which is offered to qualified senior undergraduates at Penn State University and is designed to acquaint them with research methods and techniques and inform them of the opportunities available in this field. and the fulfillment of graduate program requirements are of the utmost concern. The Pennsylvania State University and West Virginia University have accredited mining engineering curricula and rank among the schools with the largest enrollment in this area in the nation. The number of undergraduate students enrolled in mining engineering at Penn State and West Virginia University account for nearly 20%, of the total undergraduate enrollment in this discipline in schools across the United States. The Pennsylvania State University. West Virginia University, Massachusetts Institute of Technology, University of Minnesota, and Michigan Technological University, have granted a total of thirty-five (35) doctorate and masters degrees which can be directly attributed to research conducted in the Center.' Of these graduates, fifteen(15) have found employment in the mineral sector of the economy, i.e., in private industry, with government agencies, and at various universities, worldwide. In addition, a number of those graduating with masters degrees are currently pursuing a doctorate degree.

Aug 31, 1989

By Frances Hurd

WHEN 60:40 brass is heated to 825° C., given a drastic quench to obtain the beta solid solution, and reheated, various changes take place in the structure. Reheating at 200' C. causes a fine, granular, sorbitic structure to appear which has been considered alpha solid solution. These particles coalesce at higher temperatures of reheating, and at 470° C., the alpha forms twins. A further study of these transformations was considered worth investigating.

Jan 1, 1927

By Mike Irish, Deb Mukhapodhyay

It has been demonstrated by Arrowhead Industrial Water that a proprietary reverse osmosis technology can be used efficiently, effectively, and economically to reduce the levels of cyanide species, heavy metals, and other ions as shown in Figure 1 to allow safe discharge of a permeate solution to the environment. A simultaneous benefit of this process was the cost savings of reduction in quantities of cyanide requiring destruction by hydrogen peroxide and recovery of a concentrated gold and silver value in the concentrate solution.

Jan 1, 1992

By A. Mainza, A. Mabentsela

A finite element model of a 5 m radius DC arc ilmenite furnace in idling mode was used to test the notion that the slag solidifies when it comes in to contact with colder pig iron, thus constituting the initial step in the formation of solid slag at the slag-pig iron interface. It was found that a slag that is 150°C hotter than the pig iron does not solidify at the interface. The 150°C temperature difference between the slag and pig iron is a result of solid slag at the slag-pig iron interface, not the other way around as suggested in the literature. Calculations show that the thickness of the frozen slag at the slag-pig iron interface is 1.7 cm for the furnace used. It is proposed that slag solidification begins with the slow co-current flow of molten slag and pig iron in the outer parts of the furnace. This provides enough time for molten slag to interact with molten pig iron without solidifying. As the reduction products form due to reduction of the slag by carbon in the pig iron, the slag solidifies. This approach negates the need for the slag to solidify by merely coming into contact with an inherently colder pig iron. Making use of a low thermal contact conductance between the slag and pig iron was found to be sufficient to numerically capture the presence of solid slag at the slag-pig iron interface and to preserve the 150C difference between the slag and pig iron phase.

Mar 30, 2023

By Clemens Jones

The difficulties attending the reduction of ferric sulphate in the determination of metallic iron by the method of Marguerite, are often serious, and affect time, patience and accuracy. They depend upon the condition and purity of the zinc used, the state of saturation of the solution, acidity, and temperature. D. J. Caruegie (Chem. News, lvii., No. 1481), says that ferric solutions are instantaneously reduced by the use of zinc-dust. But there are obvious objections to its employment in quantitative work. Dr.

Jan 1, 1889

By Ann M. Hagni

Electric arc furnace (EAF) dust from the secondary steel industry contains lead, cadmium, and chromium that causes it to be classified as a hazardous waste. Pyrometallurgical treatment of EAF dust is directed at recovering zinc and simultaneously rendering the dust non-hazardous. The mineralogy of the EAF dust is important in determining the occurrence and phase relationships of the zinc, lead, cadmium, and chromium contents. The principle phases in EAF dust as determined by reflected light microscopy, SEM-EDS, and XRD are solid solutions of the iron spinels (franklinite, magnetite, and jacobsite), zincite, hematite, and Ca-Fe-Si glass. Chromium is present in small amounts in solid solution in the spinels. Cyclone sizing of the minus 53 pm particles shows that more than 50% of this size fraction are less than 10 pm in diameter. The <I0 pm particles contain zinc as both franklinite in solid solution with magnetite and jacobsite, and zincite as determined by transmission electron microscopy and XRD. Auger electron spectroscopy did not detect coatings of volatile phases on the surfaces of EAF dust particles.

Jan 1, 1994

By G R. Hancock, D Verdon-Kidd, M J. Saynor, J B. C Lowry, T J. Coulthard

The ability to simulate the stability of post-mining landscapes over time scales ranging from decades to millennia is a critical element in the assessment of closure designs for uranium mines. Landscape Evolution Modelling (LEM) technologies provide a means to simulate and assess the long-term geomorphic stability of a conceptual rehabilitated landform for periods of thousands of years. However, a major issue with simulations derived from long-term modelling are the limitations associated with the data inputs. Specifically, simulations which utilise historic rainfall data only represent the variability of rainfall events that have occurred over a relatively short period. Consequently, these simulations run the risk of not accounting for the full range of rainfall variability that might be expected over an extended period of up to 10 000 years. Therefore, for this study a probabilistic approach was adopted to generate a stochastic synthetic rainfall data set to produce a series of unique rainfall scenarios, each representing a simulated period of 100 years. Importantly, utilising such an approach allows uncertainty in predictions to be better accounted for and provides a range or probability of likely outcomes.In this study, the effect of ten individual rainfall scenarios are assessed in terms of their impact on the predicted erosion and denudations rates produced by the CAESAR-Lisflood LEM for a conceptual rehabilitated landform of the Ranger Uranium Mine (RUM) in the Northern Territory of Australia, focusing on the Corridor Creek catchment (Figure 1). While legislation requires this site to be erosionally stable for at least 10 000 years (Commonwealth of Australia, 1987), here the focus is on the first one hundred years of landscape evolution, as this is the period in which erosion is expected to be higher, with limited vegetation cover or pedogenic development in the initial decades after rehabilitation. It is also the period where the drainage pattern is set.CITATION:Lowry, J B C, Verdon-Kidd, D, Hancock, G R, Saynor, M J and Coulthard, T J, 2016. Application of synthetic rainfall data to long-term modelling of a rehabilitated landform, in Proceedings Life-of-Mine 2016 Conference , pp 75–79 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Jun 28, 2016

An atomic force microscopy (AFM) has been applied to study the adsorption of potassium amyl xanthate (PAX) and potassium ethyl xanthate (KEX) on arsenopyrite surface in solutions. AFM images show that the collectors adsorb on arsenopyrite surface in patches at pH 6. Increasing the chemical dosage will increase the adsorption density of the patches on mineral surface. The increased probe-arsenopyrite adhesion measured in PAX solutions at pH 6 is attributed to the adsorption of the patches, suggesting the hydrophobic nature of the patches, which is likely the oily dixanthogen. It is also found that arsenopyrite is reactive in water in the presence of air. At a high pH with the addition of Ca(OH)2 the adsorption of collectors on arsenopyrite is greatly retarded or depressed because the mineral surface is coated by a lot of precipitates, which is hydrophilic in nature as shown by the measured strong repulsive probe-arsenopyrite detachment force. The findings confirm that the flotation behavior of arsenopyrite in xanthate solutions is very similar to that of pyrite.

Feb 27, 2013

By Xinzhi Du

Coal strength is essential to analyze the stability of excavation in coal. It is well known that the strength of coal tested in the laboratory is size-dependent, and different size specimens will produce different strength. Many researchers have studied the uniaxial compressive strength of coal and developed a number of empirical formulae to describe the strength variation with specimen size. According to a comprehensive data base that includes most of the laboratory testing results in the last century in U.S. and South Africa, the size effect and shape effect were reviewed and analyzed. The results show that different groups of coal specimens have different size effect on the compressive strength. The critical size for the size effect from the data analysis is about 40 in. The shape (W/H) of the specimens has a large effect on the compressive strength. The pillar strength formulae obtained from the data regression have a larger strength than all other existing formulae. Most pillar strength formulae have their own place in coal pillar design field. In order to analyze the difference of those formulae, twelve design formulae have been selected to compare using the Pittsburgh coal seam. The intention is not to determine the preferred formulae, but only to compare them, and see how do the W/H ratio, width, length, angle, cross-section area and effective width affect different pillar strength formulae?

Jan 1, 2008

By Lyon R. J P

The quartz-cassiterite-wolfram veins at the Aberfoyle Tin Mine, north-eastern Tasmania, form a sheeted zone about 200 ft. wide and 1,600 ft. long in slightly contact metamorphosed shales, slates and greywackes, and are associated with a cupola of aplitic granite whose top is about 1,050 ft. below the present surface. Economic mineralization persists from the surface down to a vertical depth of 1,050 ft. to 1,100 ft., dying away in the vicinity of the cupola. Down to the 9-level there is a progressive increase in wolfram content of the veins, and a decline in cassiterite content, with increasing depth.The veins are banded or zoned, with a seivedge of muscovite on the wall. Cassiterite, wolfram and sphalerite occur inside the selvedges, projecting into a core of quartz of varying width. Other sulphides form the central part of some narrow veins, or occur as clots in the quartz. The general sequence of deposition of the ore minerals was: (1) cassiterite, wolfram; (2) arsenopyrite, pyrite, molybdenite; (3) pyrrhotite (in part); (4) blende-group minerals-chalcopyrite, sphalerite, stannite, pyrrhotite (in part)-as solid solutions; (5) galena, tetrahedrite, matildite, native bismuth, scheelite; (6) marcasite and secondary pyrite, magnetite and hematite. The sequence of deposition of the gangue minerals was: (1) fluorine-bearing minerals-muscovite topaz, apatite, triplite, fluorite-more or less contemporaneous with the cassiterite and wolfram;&apos; (2) quartz-contemporaneous with the earlier sulphides; (3) carbonates--contemporaneous with the later sulphides. The stages overlapped somewhat.The composition of the sphalerite and heat treatment experiments with the solid solutions indicate that the blende-group sulphides were deposited at about 6000 C., and cooled rapidly, so that unmixing of the solid solutions was arrested. This accords with the likelihood that the country rock temperature was not above 2000 C. Annealing experiments at between 3500 C. and 6000 C. led to further precipitation from solid solution at the lower temperatures, and to significant segregation by solid diffusion within, a week, indicating that both deposition and cooling of the ore were rapid processes-completed in a matter of days. Since the mineralizing solutions must have lost some heat during...

Jan 1, 1957

By W. G. Pariseau

A study of coal pillar strength at the Beehive Mine in central Utah was done in the 1970s. This study was a cooperative effort by the University of Utah, RE/SPEC, Inc., and the American Coal Company and was funded by the U.S. Bureau of Mines. Mine measurements of closure at 117 points and pillar stress using 119 vibrating wire stress gauges were made during retreat mining in this room-and-pillar operation. Laboratory testing for the strength and modulus of 372 coal cylinders up 0.3 m (1 ft) in diameter and 0.6 m (2 ft) in length was also done. Two-dimensional finite element model analyses complemented the study. However, the real world of mining is three-dimensional and in consideration of the significant advances in computing power since the time of the original study, a revisit of the data seemed warranted. In this regard, a novel finite element method was used that allows for the whole-mine analysis of tabular excavations on the kilometer scale and yet enables details to be obtained at pillar walls on the meter scale. The effects of material properties variability in situ and of joints can also be taken into account. Results that compare computed two- and three-dimensional seam-level closures with mine measurements show noticeable differences; three-dimensional results are reasonable, while two-dimensional results overestimate closure by nearly a factor of two.

Jan 1, 2014

By S. E. Chetlin

In the mid-1970?s, the market value of tangible assets of S&P 500 companies far outstripped the value of intangible assets, including intellectual property (e.g., 83% tangible assets v. 17% intangible assets).1 By 2005, the picture was quite different. By that time and continuing to 2010, S&P 500 companies? market value of intangibles was about 80%, with tangible assets accounting for only 16% of market value.2 This swing highlights the importance in today?s world of understanding intellectual property rights and varying strategies and options for protecting them. This paper discusses intellectual property rights particularly patents and trade secrets, specifically: 1) types of intellectual property; 2) choosing the mode of intellectual property protection; 3) obtaining patent protection; and 4) using patents as a sword versus a shield.

Jan 1, 2012

By Anne Lemnitzer

Full-Scale cyclic field testing was performed on a 3x3 pile group consisting of nine cast-in-drilled-hole (CIDH) reinforced concrete shafts and a comparable single-shaft in order to investigate group interaction effects. Both specimens were constructed with pile diameters of d = 0.61m (2 ft), fixed head boundary conditions, and placed in stiff clayey soil at a test site near the LAX Airport in Southern California. Internal instrumentation was installed in the single pile as well as in three piles within the pile group to obtain pile curvatures. External instrumentation controlled the lateral displacement of the specimens. A combination of experimentally and analytically obtained p-y curves for the single pile was used to simulate results for piles located in the group when field data were not available. All test specimens were tested to structural failure and excavated after test completion to investigate pile damage and plastic hinge formations. Calculated group interaction factors ranged between 1.0 at very small displacement levels of <2.5 mm (0.1 in), 0.8 at the initiation of the pile-soil-pile interaction, i.e. between 4 mm - 15 mm (0.16-0.6 in), and increased towards 0.9 near structural failure (displacement >25 mm or 1 in). A literature set of p-multipliers was found to reproduce an accurate fit to the available load displacement test data from the group.

Jan 1, 2010

By W. B. Collingwood, D. Misra, T. Ghosh, S. Bandopadhyay

Understanding the variability of sulfur and calorific value in coal seams is critical to planning mining operations and marketing the mined coal. In this study, statistical and geostatistical techniques were used to explore the underlying spatial trends present in a large coal deposit. Eight prediction models for the sulfur content of the coal seam were developed. Six of the models were created using geostatistical techniques, while the remaining two models were created using other techniques. The performance of each model was examined by conducting cross validation exercises. The results of the study showed that very pronounced trends and anisotropies were present in the sample data, which had to be accounted for in the modeling. The study found that a cokriging model using sulfur and ash is the best prediction model for predicting sulfur content in this coal reserve.

Jan 1, 2014

By J. S. Lee

A new high performance adsorbent is synthesized by the sol-gel method and applied to the removal of cadmium and mercury ions from aqueous solutions. Adsorbents based on metal oxides have been developed by immobilizing chelating molecules on the surface of the existing metal oxide networks and show ability for selective metal extraction from aqueous solutions. However, efficiencies of such adsorbents are limited due to low ligand density, and difficulty in pore accessibility. These difficulties are circumvented by synthesizing adsorbents using the sol-gel technique. In one example to be discussed, the sol-precursor possesses an organic moiety that binds cadmium, mercury, and copper ions. The capacities of 1.98mmol Cd(II-/gm and 6.40 mmol Hg/gm of this adsorbent are considerably higher than those of adsorbents prepared by the ligand immobilization technique. The scope of this paper is to discuss the development of the new adsorbent and its applications for cadmium and mercury removal from aqueous solutions.

Jan 1, 1999

By Scott E. Broughton, Robert T. Tape

Heap leaching requires containment and storage of cyanide solutions, the volume of which may increase dramatically following an extreme storm event or extended wet periods. This paper describes a computer operated solution storage model developed to assist in the management of these requirements. It results from the accumulative efforts of various Klohn Leonoff engineers working on a number of heap leach projects throughout the western United States for the past several years.

Jan 1, 1988