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By E. Kendall Cork

The traditional financial objective for a single mine company has been to operate as frugally as possible and to pay out most of the earnings as dividends. If the business is cyclical (as it is for most metals) the dividends might fluctuate quite widely. When the mine is exhausted the company disappears. This is still quite a viable strategy for a single mine company. It is not however a viable strategy for the world as a whole. The mining industry is built by mine development companies who can mobilize the people and capital to bring new mines into production. Their skills must include marketing, engineering, finance and other politics. It is very rare for a property to be brought in without the support of a major company that can provide all these services. The exceptions will usually have some other form of big brother support, for example the U.S. government uranium contracts at guaranteed generous prices. The mine development company will seek as a minimum to perpetuate itself by developing new mines in order to replace those which are running out. The more common and more ambitious objective is to grow -- that is to add to its ore reserves and current production by developing more new mines. The financial objectives for that company are very different. Obviously if all the earnings were paid out in dividends there would be nothing left to work with. The first financial policy then is to spend an appropriate amount on exploration for new properties. The next is to retain enough of the earnings to provide the capital for new projects at least sufficient for the equity. There is no magic formula as to what proportion of earnings should properly be distributed as dividends by a growth-oriented mine development company. As a rough rule of thumb distributing half or more will probably leave too little to work on and 30% or so is probably a good balance. However the circumstances differ widely from company to company. It may be useful to set an objective for the rate of growth of a company's earnings. Some have picked rates such as 15% per annum compounded. Others have set a target in real terms which might appear as 10 or 11% plus inflation. Obviously the arithmetic of compound interest is very attractive; however in practice there is much variation. Indeed current returns from existing operations swing widely with the business cycle and there is no assurance that economic new properties will be found according to someone's arbitrary time schedule. For example, Western Mining Corporation Limited in Australia explored for 30 years with little to show for it, but then found the great Australian nickel deposits and more recently the huge Roxby Downs copper. That long dry spell could not have fitted anyone's arbitrary calendar of growth and yet they would not have found such orebodies without that long period of effort. Should they have abandoned the search? Once a new property has been found or acquired there has to be a threshold rate of return on the new capital to be invested against which to evaluate the property's economics. Conventionally this seems to be 15% after tax, a number common in other heavy industries as well. In some cases it is expressed as a lower number plus allowance for inflation. Discounted cash flow analysis is a very useful tool but it does not make the decision. In the end a "go" decision depends on judgment of many factors some of which are numbers used in the DCF calculation whose credibility must be examined. It is curious how frequently investment proposals come in with the rates of return very close to 15%. The project advocates know that a number much less than 15% will not fly and that a number much more is not necessary. With much higher nominal and real interest rates of recent years, even though before tax, logic suggests that the hurdle rate should also rise. The power of compound interest is so great that 20% is very hard to achieve in any cash flow projection but 18% may be a sensible yard - stick. Once again it is remarkable how many project proposals come in with an 18% return. On the record the mining industry as a whole has not been overly restrictive in choosing its hurdle rates of return. This is shown by the abundance of metals in recent years and the failure of metal prices to keep up with inflation. All of the foregoing is standard text book stuff.

Jan 1, 1985

By D. Emadi

The ASTM B108 Mould and a Modified Mould were used to cast test bars under a variety of conditions: mould and pouring temperatures, mould coating and tilt. Mechanical properties were determined in the as-cast and heat-treated conditions. The ASTM Mould is less sensitive to casting variables. Enlarging the gating system and adding additional gates to the ASTM mould can improve properties in the tilt position. The reproducibility of properties in as-cast and T6 heat treated bars was investigated.

Jan 1, 2004

By J Zhou

This paper discusses the implementation of a mixed integer linear programming model for a coal preparation plant. The plant considered consists of primary and secondary heavy media cyclones, hydrocyclones for intermediate fines and froth flotation for the very fine material. The model is designed to optimise the plant settings and product flows to maximise revenues for a given specification for two product outputs. The model can deal with bonus/penalty aspects of the product pricing for products that exceed or fail to meet specification. We report on a model with two separate coal feeds with parallel circuits for the oversize, intermediate and fines streams. The genesis of this model is more than 30 years old but recent improvements in mixed integer programming solvers make a full mixed integer formulation practical. The original model began as an enumeration of cut points with arbitrary rules for product allocation. The product allocation was improved in a linear programming formulation by Gunn (1982) and Sarker (1991 and 1995). Current mixed integer programming capabilities make it possible to replace the enumeration aspects and solve directly as a mixed integer programming problem. The current implementation uses a general purpose modelling language to formulate the model. Open source and commercial mixed integer programming solvers are compared

Sep 26, 2011

By David Runnels

In September 1970, the Quebec Cartier Mining Company, started development of the Mount; Fright iron ore mine. The estimated ore reserve is in excess of 1,000,000,000 long tons with an average grade of 31.5% Fe. The run of mine ore is crushed, ground and concentrated to a product having 66% Fe and 5% silica at an annual concentrate production rate of 18.4 million long tons. The daily production rate of over 50,000 long tons of concentrate necessitates a daily mine output of approximately 250,000 long tons of material of which 50% is waste. The mine is located in the Province of Quebec, close to the Labrador border approximately 600 miles north-east of Montreal. The development of the mine necessitated the construction of an all electric one thousand housing unit townsite along with associated services such as a shopping center, swimming pool, arena, school, etc... A one-hundred mile long, 315 K.V. Dower line was built between the mine site and the Hydro-Quebec 735 K.V. existing power line between Churchill Falls and the Montreal area. The construction near the mine of a beneficiation plant was necessary to upgrade the 31.5% iron ore to a marketable product of 66% iron.

Jan 1, 1977

By Jozef S. Stachula

"INCO Limited operates eleven under-ground mines in the Sudbury area. The mines are located on the rim of the Sudbury Basin, an oval with the axis in the range of 27 km and 60 km. The ore dips to at least 3000 m below surface. The ores are mined primarily for nickel and copper. Total ore production from underground is in excess of 55 000tonnes per day.Over 40 surface fans have been installed since the late 1960s. All of the fans are adjustable pitch, axial flow units. A major factor influencing ventilation design in the last 30years has been the introduction of diesel equipment underground. Volumes per fan have ranged from 60 m3/sec. to 330 m3/sec., with motors from 100 hp to 2500 hp.Fans of the axial flow type have been commonly used for main fan installations at Canadian mines for many years. The standard arrangement has been to mount these fans horizontally, i.e. with the fan shaft and the long axis of the housing horizontal. This is a natural arrangement for an underground fan, but for a surface installation, a vertically mounted fan has definite advantages.The surface area taken up by a typical vertical fan installation is generally about one quarter that of a horizontal fan of the same capacity (Rutherford, 1957). This is not a problem with isolated fans and fat surface out crop sites, but where the installation is to be near existing buildings, or where there are poor surface soil conditions, space and cost considerations greatly flavour vertical fans."

Jan 1, 1996

By Raj Thamburaj

"Over the last few decades, the emphasis on affordability and reduced cost of ownership has necessitated the development of innovative processes to carry out repairs in aero engine components. Conventional weld and braze repairs have evolved into advanced, sophisticated processes using state of the art knowledge in lasers, robotics and materials technology. This paper illustrates past and present scenarios in an attempt to illustrate progress that has been made in this area. The problems encountered in the past have been detailed along with the solutions that have been developed and commercially implemented to address these issues. Apart from technical progress, this presentation also addresses the progress made in business approaches and in Certification/Regulatory issues surrounding aero engine repair. Progress in Technology Repair technologies have also been the embryo from which new and revolutionary manufacturing technologies have evolved as well. Electron Beam Free Forming and LENS are examples of how a completely new manufacturing concept can evolve what was originally only a process to join metals. The current and future potential of these spin offs is discussed providing examples of application. While several problems have been solved over time with the implementation of advanced repair technologies, the demands of the industry have created new challenges. The paper describes these issues, outlines potential solutions and discusses the future of repair technologies in terms of the far reaching influence it is sure to have in design, manufacturing, maintenance management and life extension. Progress in Business Trends.Business approaches to repair and maintenance have also gone through considerable change with the introduction of ""Power by the Hour"" and other similar arrangements between the companies responsible for engine overhaul and the end-users. Program Based Logistics (PBL) is yet another innovation to provide a win-win situation for the repair service provider and the end user. This paper traces the development of these business initiatives and highlights successful applications. Progress in Repair Certification, Regulatory Issues.Understanding of the issues surrounding certification of repairs has also evolved with time and regulatory issues have been clarified considerably. Procedures for analysis and testing are much clearer and ""Check Lists"" are being drafted for certifying repairs on various engine components. The PMA phenomenon has added yet another dimension to the issues regarding certification and these are discussed as well."

Jan 1, 2010

By J. E. Golsan

Barrick Gold Corporation installed an expert style control system on the grinding circuit at its Mercur mine. Barrick's main objective was to increase mill throughput by a minimum of 3%. The expert system team collected operating data and then created a knowledge base using Comdale/X expert system development software. The expert system moved from on-line "advisory" mode, testing of expert rules, to full process control in four weeks. Expert system control benefits include a 9-15% increase in mill throughput, consistent mill loading leading to less wear on SAG mill parts, and improved downstream process control.

Jan 1, 1998

By Mario A. Terceros Herrera, Mario Terceros Arce, Antonio Marinucci

This paper describes the general principles of the expander body with post-grouting (EBI) system, and how it is similar in nature to a large-scale pressuremeter device. The results from the installation of an EBI can be used to provide information about the stress-strain characteristics of the soil adjacent to the device and to compute estimates of nominal axial resistance. As the EBI expands during grouting, pressure is applied to the in-situ soil surrounding the device thereby compacting/densifying the soil. The nominal axial resistance for small diameter piles/ground anchors can be increased due to the greater soil stiffness and shear strength around the device, larger surface and end area, and improved soil-to-EBI interaction in side resistance. The shape of the response curves depends on the geotechnical conditions of the soil (e.g., in-situ stress state, strength, and stiffness) and the installation method of the piling/ground anchor. This technique has been used successfully with different pile types and ground anchors in a wide range of conditions from very loose sands/silts to very dense sands and medium-dense gravels as well as in soft to stiff clays. This paper also describes a mini case history in which 80 piles were installed to support an office building, and the results of the static axial compression load tests performed on a production FDP+EBI pile is also included.

By M. E. Charles

The use of water flowing as a lower layer to reduce pressure gradients in petroleum pipelines was investigated using 17.5 deg. A.P.I. Lloydminster crude oil in a 1-inch laboratory pipe-line and a 21h-inch field pipeline. The method was found to be very effective in reducing the pressure gradient below that for the oil flowing alone. The factor by which the pres-sure gradient was reduced varied with the percentage of water added, and in general exceeded 10 for water contents ranging from 40 to 60 per cent. Within this range of water content the pressure gradient reduction factor was independent of the oil flow rate.

Jan 1, 1960

By R. Altman

A Brookfield viscometer fitted with a stainless steel bob was used to measure the viscosity of industrial lead blast furnace slags between 1126 and 1298°c. Slag oxidation state was characterized by first annealing the? slag samples at 750°c in sealed copper tubes in order to precipitate magnetite crystals. The magnetite concentration was then measured on an Outokumpu Saturated Magnetic Analyzer. Using an Arrhenius-type equation, a viscosity model was developed by regression. The equation below accounted for 75% of the variability in the data used to generate the regression coefficients and, on average, could predict viscosity within ± 12% of the measured value. The greatest difficulty encountered in measuring viscosity was due to the occasional presence of solids in the slag which caused, at times, erroneously high viscosity measurements. Precautions to minimize this problem are outlined in the text.

Jan 1, 1985

By Olanrewaju A. Ojo, Xu Wang, Jian Xin Dong, Lina Zhang, Jerzy A. Szpunar

"The influence of crystallographic orientation on the pitting corrosion behavior of Ni-Fe-Cr alloy 028 was studied by a combination of X-ray diffraction (XRD), electron backscatter diffraction (EBSD), potentiodynamic polarization technique and atomic force microscopy (AFM). The results show that there is anisotropy of pitting corrosion that strongly depends on crystallographic orientation of surface planes. The distribution of pits frequency in standard stereographic triangle shows that the crystallographic planes close to {100} are more prone to pitting corrosion compared to planes of {110} and {111}. The calculation of surface energy (001) and (111) shows that the planes of high packing density of atoms have low surface energy with concomitant strong resistance to pitting corrosion. A correlation function between crystallographic orientation and pitting corrosion susceptibility suggests a method not only to predict the pitting resistance of a known textured materials, but also to improve corrosion resistance by controlling materials texture.INTRODUCTIONNickel-iron-chromium(Ni-Fe-Cr) alloys are widely used in various industries and engineering sectors due to their combination of good mechanical properties and high corrosion resistance(Hibner, 2001; Thomas, 2006; Ghosh, 2005).Ni-Fe-Cr alloy 028 (alloy 028)has such important characteristics worth mentioning. Alloy 028 contains high amounts of nickel, copper and molybdenum which improve its resistant to corrosion attack in reducing medium, and presence of high level of chromium makes it more resistant to oxidizing species. Moreover, alloy 028 is less expensive because of higher amount of iron compared to other similar alloys. Currently, alloy 028 is manufactured as evaporator tubes applied in the phosphoric acid production; production tubing and casing used in deep and sour gas wells; heat exchangers employed in nuclear power plants, and seawater-carrying piping and seawater-cooled heat exchangers (Bankiewicz, 2012; Kivisäkk, 2003; Gómez, 2003; Xian, 2012; Bellezze, 2004)"

Jan 1, 2017

By Ashley Tews

In 2005, we automated a forklift-based Hot Metal Carrier to be capable of typical metal transfer operations around a smelter. The project was highly successful and the vehicle has demonstrated hundreds of hours of live autonomous operations to thousands of people from industry and the public. As a result of the exposure and success of the project, we have expanded its focus to demonstrate how various technology components can be utilised to gain benefits in other areas of industrial operations. These include asset tracking, vehicle usage analysis, pedestrian detection and infrastructure profiling. Each of these components was derived from the core autonomous vehicle technology suite and has shown a high potential for improving safety and efficiency of vehicle-related operations, and improved diagnostic processes for measuring deformations of bakes and furnaces. The autonomous vehicle project and its extended technologies are described in this paper.

Aug 1, 2013

By H. M. Cooper, R. F. Abernethy

Determination of the fusibility of coal ash consists in melting a pyramid of the ash to fluid under prescribed conditions . The conditions of the test are specified by the American Society for Testing Materials4/ and must be adhered to strictly if comparable results are to be obtained . The Society formerly specified a particular type of furnace , but with improvements in design of both electric and gas furnaces , it was decided by the Society to specify only essential details of the test . The Chairman of Committee D - 5 , Coal and Coke , of the American Society for Testing Materials suggested that the Coal Analysis Section of the Bureau of Mines conduct a cooperative investigation on the effect of furnace type and atmosphere upon fusibility of coal ash . The Coal Analysis Section enlisted the aid of a number of laboratories using the more common furnaces to cooperate in the investigation . Four types of gas furnaces burning natural and manufactured gases and two types of electric furnaces with different methods of maintaining a reducing atmosphere were employed . The results from the survey are tabulated herein , and some comparisons are made . There were not enough data from any particular furnace and atmosphere to make a reliable statistical analysis . However , definite tendencies are evident , and attention is called to them by direct comparison. in tables .

Oct 1, 1943

By L. Barnewold, A. Merchiers, M. Pütz, P. Jeschke, M. Dammers

The mining industry faces many difficult challenges, for example, lower ore grades, smaller and deeper deposits, and longer transportation distances. In the past, there have been remarkable innovations in both equipment and the types of mining methods for which it is used, which have resulted in economies of scale. This has led to an increased use of bulk mining methods, like sublevel and block caving, which has increased productivity and reduced costs. Haulage alone plays a major role. Current haulage techniques are a significant cost driver, which account for between 15 and 30% of the overall capital investment (capex) in a mine and are an increasingly part of the operating costs (opex). The paper introduces a simulation tool of main haulage system in underground mining. Therefore, performances and the costs of the three most common underground main haulage systems, rail, truck, and conveyor, are calculated using a developed modeling tool. The tool was applied and validated in a case study carried out with the LKAB Kiruna Mine in northern Sweden.

By Liming Yuan, Wei Tang, RICHARD THOMAS, JOHN SOLES, DAVOOD BAHRAMI

Mine equipment fires remain as one of the most concerning safety issues in the mining industry, and most equipment fires were caused by hot surface ignitions. Detailed experimental investigations were conducted at the National Institute for Occupational Safety and Health’s (NIOSH) Pittsburgh Mining Research Division on hot surface ignition of liquid fuels under ventilation in a mining environment. Three types of metal surface materials (stainless steel, cast iron and carbon steel), three types of liquids (diesel fuel, hydraulic fluid and engine oil) and four air ventilation speeds (0, 0.5, 1.5 and 3 m/s) were used to study the hot surface ignition probability under these conditions. Visual observation and thermocouples attached on the metal surface were used to indicate the hot surface ignition from the measured temperatures. Results show that the type of metal has a noticeable effect on the hot surface ignition, while ventilation speed has a mixed influence on ignition. Different types of liquid fuels also show different ranges of ignition temperatures. Results from this work can be used to help understand equipment mine fires and develop mitigation strategies.

Oct 1, 2022

By D. Eugene Rannels, Yu-Chen Lee

"Lee, Yu-Chen, and D. Eugene Rannels. Alveolar macrophages modulate the epithelial cell response to coal dust in vitro. Am. J. Physicl. 270 (Lung Cell. Mol. Physiol. 14): L123-L132, 1996.-The response of the alveolar epithelium to coal dust exposure is poorly understood. Coal or other dusts may act on the epithelium directly or indirectly through nearby alveolar macrophages (AM) that produce cytokines and other soluble products. AM and type II pneumocytes (T2P) were thus exposed to dust in coculture to evaluate their possible interactions. Anthracite coal dust PSOC 867 increased synthesis of extracellular matrix (ECM) components by T2P. AM alone did not produce ECM. Similarly, coculture ofT2P with AM (3.75:1) had little effect on epithelial ECM synthesis. In contrast, coculture ofT2P with AM significantly increased PSOC 867 effects on T2P rates of ECM synthesis, ECM fibronectin content, and T2P levels of fibronectin mRNA. AM-conditioned medium did not change the PSOC 867 effect on T2P. Neither control nor PSOC 867-treated AM on Falcon culture inserts (0.45-µm pore size) over T2P stimulated ECM synthesis by either untreated or dust-exposed epithelium. Thus AM-mediated changes in ECM synthesis by PSOC 867-treated T2P require close cell-cell interactions, suggesting a role for cell-cell contact or for short-lived soluble mediators of the AM effects. DEVELOPMENT OF PNEUMOCONIOSIS, a chronic disease of coal workers that results in pulmonary fibrosis and low lung compliance, is associated with inhalation of mineral or coal dust in the work place (14). Although the pathology of pneumoconiosis has been studied extensively, cellular mechanisms that cause changes in lung structure and function are not fully understood. Particulate matter that enters the respiratory system distributes according to size, with larger particles being removed in proximal airways. Dust components of small size may enter distal alveolar region, which is populated by two types of epithelial cells, type I and - type II cells, and by alveolar macrophages (16). Each of these cell types may interact with inhaled particles, but only the effects of coal dust on alveolar macrophages have been studied extensively. Less is known regarding the response of the alveolar epithelium, or of effects on epithelial cell-alveolar macrophage interactions, in the dust-exposed lung.Function of the alveolar epithelium is well known to be influenced by the underlying basement membrane, or extracellular matrix (28). Alveolar epithelial cell extracellular matrix interactions, which may involve modulation of cell migration, attachment, or differentiation (17), are reflected in type II cell morphology, metabolism, secretory activity, hormone responsiveness, lamellar body content, and gene expression (21). The extent to which basement membrane modulates differentiation of the overlying epithelium is determined by both molecular composition and three-dimensional structure of the matrix. Type II epithelial cells in vitro synthesize, secrete, assemble, and degrade a variety of basement membrane components, including laminin, fibronectin, type IV collagen, and thrombospondin (22, 27). How expression of these components is regulated, directly or indirectly, upon exposure of the alveolar epithelium to injury by coal dust or by other particulates remains to be resolved."

Jan 1, 1998

By Malcolm Scoble, Nick Vagenas, Greg Baiden

Recent advances in underground communications technology have demonstrated the feasibility of teleoperation and automation in underground metal mines. One major challenge lies in the automation of underground mobile machines from surface, with the potential to reduce significantly the need for human involvement in underground operations. This paper reviews the evolution of underground metal mining automation, principally related to the development of teleoperation and automation of mobile mining machines. Examples of prototype systems are given and the associated benefits that have been observed are reviewed.

Jan 1, 1997

By P. J. G. du Toi

Anaconda's experience with percussion longhole drilling in Butte, Montana, has consisted of six phases: 1. Drilling horizontal blast holes in stopes with push feeds. 2. Ring and parallel blast hole drilling in longhole stopes with bar mounted as well as skid jumbo mounted longhole drifters. 3. Ring and parallel drilling in raise climber shrinkage stoping using special raise climber drilling decks designed and built in Butte, Montana. 4. Parallel longhole drilling in horizontal cut and fill stopes with monorail jumbo. 5. Drilling water drain holes between mine levels. 6. Drilling leach holes through caved zones into old stope workings for leaching purposes. 7. Sample hole drilling.

Jan 1, 1970

By A Minchinton

With blasting, all far-field phenomena including, but not limited to, stress wave propagation, fracture, vibration and muck pile formation are intrinsically and irrevocably dependent upon near-field phenomena or mechanisms that we describe using physics-based mathematics typically transcribed into computer codes. The energetics involved in such near- to far-field transitions are not fundamentally relevant as they are simply progenitors of these processes.The notion of explosive energy as a descriptor for explosive or blasting performance is a case in point. These energies, which are generally used in blasting tables, are almost exclusively based on ideal detonation theory alone and do not include the influence of the rock, charge diameter, blasthole length and the late-time dynamic expansion that can be predicted using codes based on non-ideal detonation theory.With decoupled charges in presplits for example, the pressure drop between the charge and the blasthole wall can be simply described to first order using the energy relationship associated with adiabatic expansion. However, a more realistic mechanistic solution involves interacting fluids and turbulence leading to dynamic processes such as the channel effect.CITATION:Minchinton, A, 2015. On the influence of fundamental detonics on blasting practice, in Proceedings 11th International Symposium on Rock Fragmentation by Blasting, pp 41–54 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Aug 24, 2015

"Geometallurgy is a discipline that seeks to improve the sustainability of the extraction of metals and minerals by promoting the smarter use of non-renewable resources, better energy efficiency and greater use of renewable energy. To achieve these goals, development of innovative technologies and approaches are being developed along the entire commodity value chain, starting with exploration and extraction and extending to reuse and recycling. This paper discusses the geometallurgy of industrial minerals with special emphasis on kaolin, a versatile industrial mineral applied in ceramics, paper, paint, plastics, rubber, pharmaceuticals, cosmetics, ink, sealants, adhesives, sanitary ware, glass fibre, toothpaste, animal feed etc. Aspects of kaolin extraction in south-west UK are analysed from a geometallurgical perspective. While geometallurgy already features in kaolin extraction, its role can be significantly expanded by combining advanced in-pit characterisation and orebody modelling with integrated planning and control of the refining and calcination process. This paper highlights the importance of innovation in realising the full potential of geometallurgy.CITATION:Glass, H J, 2016. Geometallurgy – Driving Innovation in the Mining Value Chain, in Proceedings The Third AusIMM International Geometallurgy Conference (GeoMet) 2016, pp 21–28 (The Australasian Institute of Mining and Metallurgy: Melbourne)."

Jun 15, 2016