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By Lawrence Devon Smith

"The concept of risk is well established in the mining industry. It is acknowledged when estimates of reserves are expressed as proven or probable, when mining and metallurgical recoveries are applied to the ore, and when contingencies are added to costs. However, it is difficult to provide a quantitative assessment of risk. The significant sources of risk in a mineral project and how these are addressed in project evaluations are discussed. The discount rate is examined as a fundamental means of reflecting risk in discounted cash flow evaluations. Current industry practice is discussed, and a methodology for the analysis of risk levels is proposed that assesses the constituent components of the discount rate: real interest, mineral project risks, and country risk.IntroductionThis paper examines the components of the discounted cash flow discount rate and proposes a method of estimating project-specific discount rates. The motivation for this work comes from experience of project evaluations in which owners and purchasers had agreed on virtually every aspect of the evaluation except how much the project was worth. Agreement was reached on reserves, grad~, recovery, capital costs, operating costs, taxes, and, by combining these components, even on the fmal cash flow values. The only difference in opinion concerned the discount rate to be used in the calculation of the net present value. Depending on the life of the project, such differences of opinion can cause a variation of more than 50% in the value placed on a project! This is illustrated in Figure 1."

Jan 1, 2003

By Iain G. Bruce

The need to improve supply reliability while improving our environmental record during the past half decade of low metal prices has required the mining industry to prioritise expenditures. Quantitative Risk Assessments using third party reviewers and specialist risk management teams have assisted in identifying hazards that can both disrupt supply and impact the receiving environment. Graphical displays using risk ellipses can simplify the presentation of the results in a Probability-Consequence (PC) graph. Development of risk acceptability envelopes using readily available financial data superimposed onto the same PC space assists management to prioritise their risks and focus on risk reduction measures. Development of this system and examples of the successful implementation of the system from several recent projects are described.

May 1, 2003

By Lewis C. Karrick, Martin J. Gavin

"Introduction.The theory of fractional ""education"" of oil from oil shale has been used by several inventors as the basis for the design of retorts for the production of oil from the oil shales of the United States. The term fractional ""education"" gives expression to the rather common belief that when an oil shales is heated it produces light, low-boiling oils as low temperatures, and increasingly heavier, higher-boiling oils as the temperature of retort¬ing rises. The theory evidently had its origin in the fact that crude petroleum may be fractionally distilled, yielding light oils at low distillation temperatures, and heavier oils as the distillation temperature increases is as, gasoline is produced from petroleum at relatively low temperatures, kerosene at higher temperature, and heavier products such as gas-oil and lubricating distillation at still higher temperatures.The writers have examined several oil-shale retorts designed to take advantage of the belief that crude, and in some cases refined, gasoline can be recovered from the shale at low temperatures; kerosene at higher temperat.res, and so on. Such retorts are usually designed to operate continuously and have several vapor-pipes lending from them at differing intervals and passing to separate condensers. Designers of such retorts repeat that the distillate from the low-temperature parts of the retort will be gasoline, and that as the shale passes to zones of increasingly higher temperatures, the vapor lines lending from these zones rill remove increasingly heavier products such as kerosene, gas-oil etc."

Mar 1, 1924

By F. R. Erick Mulder

"AbstractTwo bottom-hole samples have been taken from two new completions in the Turner Valley field, Royalite Lowery No. 8 on the west flank and Royalite No. 73, which was deepened into a lower fault block, on the northeast flank. From the bottom-hole oil of Royalite Lowary No. 8 a synthetic sample was prepared to simulate the original fluid in the reservoir, saturated at the gas-oil contact conditions. The sample from Royalite Lewery No. 8 has been shown to be the original fluid present at this well and represents the oil phase near the oil-water contact in• the reservoir. Complete chemical analysis, P.V.T., and viscosity data have been obtained on these reservoir fluids, which represent the range of saturation from the gas-oil to the oil-water contact in the Turner Valley oil structures. Sampling techniques and the application of the analytical data to reservoir conditions and field operations are discussed. Super-compressibility curves for an average separator tail gas have also been prepared. These data have not been available before. They will be of fundamental value in futu.re reservoir engineering studies of this field and will also serve as a guide in determining operating practices."

Jan 1, 1950

By J. W. Leonard, D. A. Newman

By using physical and chemical means to increase the bulk density of newly broken coal freed from the mine face, the potential to improve coal mine productivity is significantly enhanced. It is estimated that by increasing bulk density, greater tonnages can be placed in fixed volume scoops and shuttles cars to improve production by as much as 10% to 20%. Such improved packaging to achieve new levels of volumetric efficiency might require only small and easy to implement changes to present downstream mining operations. Opportunities exist for improving broken coal bulk density from the moment of breakage, during transport across the continuous miner or loading machine, during discharge into the haulage unit, and after placement in the haulage unit. Physical/chemical methods for broken coal compaction in mobile, fixed volume units in underground operations are discussed.

Jan 1, 1990

By T. L. Joseph

The size and accessibility of the Minnesota manganiferous iron ore deposits make them attractive as a potential source of ferromanganese, which is essential in the production of steel. For several years the Bureau of Mines has been conducting experiments to determine the feasibility of producing ferromanganese from these ores by a three-step process which involves (1) the smelting of the ores in the blast furnace to produce a high-phosphorus spiegel; (2) the treatment of the spiegel produced from step 1 in an electric or open-hearth furnace to separate the manganese from the phosphorus and the iron; and 3) the smelting of the high-manganese slag from step 2 to produce ferromanganese. The details of the first two steps of the process and the results of tests with the experimental furnaces have been given in previous reports.

Jan 1, 1931

By B. J. Vorster

AngloGold South Africa region currently consists of twelve gold plants. These plants use a combined total of $20 million of cyanide per annum. Of this, the major portion (60%) is consumed at two Ergo dump retreatment plants. Historically the primary motivation for cyanide control at Ergo has been one of leach/cost optimization. However, more recently, with the increased public awareness of cyanide in the environment, a secondary but increasingly important motivation for control has been to ensure that only the minimum amount of cyanide is added to the process whilst not compromising leach performance. Following a brief overview of the Ergo process, the methodology in determining the amount of cyanide to be added is described. The paper then traces the developments in cyanide control from very basic manual systems to the current automated control system. In line with the increasingly sophisticated control systems, developments also took place in regards to the method of cyanide analysis. The development of these analysers is also discussed. Whilst cyanide is one of the major drivers, if not the major driver of gold dissolution, it cannot be viewed in isolation particularly with respect to the relationship between cyanide and oxygen as ascertained from the Elsner?s well-known equation. Consequently, in order to control cyanide addition, knowledge of the relative cyanide/oxygen profiles is necessary. Various means investigated at Ergo for pulp oxygenation have therefore been included for the sake of completeness. Finally a comparison is made of the control achieved from the current system compared to the original manual system. The knowledge and experience gained at Ergo is now being used to draw up guidelines for the installation and optimization work at the other AngloGold plants. The net effect of this will be reduced cyanide consumption for the region, which also, apart from the obvious economic benefit, translates into a reduced environ-mental risk.

Jan 1, 2001

By Artemio Miranda

El presente texto señala el problema de la silicosis entre los trabajadores mineros peruanos. Dicha enfermedad se desarrolla por la inhalación del sílice libre que una vez adquirida, conduce al enfermo a la incapacidad parrcial o total para todo trabajo que demande esfuerzo físico, dejando a muchos de ellos en la condición de inválidos. Algunas de las lesiones anatómicas no evidencias síntomas y solo puede ser visualizado a través de una radiografía. Asmismo, la clasificación de la silicosis se desarrolla en tres estadios, basados en la evolución de las lesiones anatómicas detectables radiográficamente.

May 1, 1952

By Charles Stahl

El presente texto describe la comercialización de la plata a corto y mediano plazo. El periodo de corto plazo se refiere a cualquier negociación dentro de un período de 5 minutos y tres semanas, mientras que la de mediano plazo, es la transacción que se produce entre dos y tres meses. Para la comercialización de metales es necesario la confianza y la paciencia como habildidad para el éxito de la negociacion, de forma que se tiene que comerciar con un equilbrio y sin excesos.

Jan 1, 1984

By C. L. Elmore

This paper describes a new development in the cyanidation of gold ores, which we expect will result in a major improvement in the way many gold ores are treated. The process has evolved through work at Hazen Research, Inc. for Kamyr, Inc. and in brief, the consists of utilizing oxygen rather than air in the carbon-in-1 each (CIL) process. We refer to this improved process for all ores amenable to cyanide leaching as carbon-in-1each with oxygen or CILO.

Jan 1, 1988

By R. Flatabø, K-E. Johansen, L. Hunsbedt, P. M. Cowx, J. A. Bustnes

Eramet and Tinfos are two producers of manganese alloys in Norway, which have worked hard for several decades to improve both the internal and external environment. Furnaces producing ferro- and silico- manganese alloys generate large amounts of off-gas that contains substantial amounts of dust, heavy metals and organic by-products. The dust is separated from the gas in venturi scrubbers by washing with water. The water is cleaned and recirculated, and the surplus water coming from moisture in the raw materials, is discharged to the adjacent fjords after further treatment. Emission figures show that the discharge of suspended solids, manganese, zinc and PAH (polycyclic aromatic hydrocarbons) have been reduced substantially over the last three decades as a result of process improvements and installation of state of the art environmental control measures. The two plants were the first world wide to install mercury cleaning of the off-gases from the furnaces. Mercury emission reduction has exceeded 90%. Concerning other environmental issues, such as utilisation of off-gases for energy recovery and chemical purposes, both plants have achieved good results. Major effort in the environmental work has come from the plants themselves, but other players like FFF, The Norwegian Ferroalloy Producers Research Association, and SFT, The Norwegian Pollution Control Authority, have contributed to the achieved results.

Jan 1, 2007

By H. C. Carpenter

Lignite tar made by low-temperature Lurgi-Spülgas carbonization of North Dakota lignite was hydrocracked in single-pass, fixed-bed operation at 3,000 pounds per square inch over cobalt molybdate catalyst to produce gasoline, and at the same pressure, over zinc chromite catalyst to crack the high-boiling phenolic compounds to low-boiling phenolics. Hydrocracking the raw tar or the creosote-oil fraction from the tar over cobalt molybdate removed most of the oxygen, sulfur, and nitrogen in the forms of water, hydrogen sulfide, and ammonia, and produced gasoline yields from 31 to 59 volume-percent. The gasoline fractions contained from 0.1 to 7.7 volume-percent tar acids, but tar-base percentages were too low for reliable measurement; removal of these materials with dilute caustic and acid solutions also reduced the sulfur and nitrogen to 0.01 weight-percent or less.

Jan 1, 1963

By Robert H. Poppe

The Regional Copper-Nickel Study examined the potential impacts of copper-nickel sulfide mining, concentrating and smelting operations in northeastern Minnesota and gathered extensive monitoring data on the ecological characteristics of the region's aquatic and terrestrial biota. Because of the many development options possible, the diversity of the region's ecology, and the uncertainty of future environmental regulatory requirements, the Study did not attempt to measure the magnitude of environmental impacts on specific biological communities from a specific development proposal. The Study provides a broad base of environmental resource and impact information that hopefully will assist mining developers and environmental regulators when assessing specific proposals in the future. The following discussion is not a description of what will happen if copper-nickel development occurs in northeastern Minnesota but an exploration of why certain potential aspects of such development should be carefully considered and adequately understood before unnecessary or irreversible decisions are made.

Jan 1, 1980

By Filippo Maria Leoni, Wesley Schmutzler, Matteo Bertoni

"Deep Mixing Method (DMM) for the Rio Puerto Nuevo Project (Project) in San Juan was chosen by the Corps of Engineers to improve the soils adjacent to a 92 inch ID forced sewer main relocation and to improve the soils for the base of a new drainage channel. The soils to be improved consisted of sandy fill, soft clays, organics and stiff, plastic clays. A pre-construction soil investigation campaign, followed by a Bench Scale Mixing Programme and a Full Scale Field Test were performed during the pre-construction stage to assess soil properties, select binder type and dosage, and disclose the most suitable combination of injection parameters to improve the different soil layers. Production started at the end of August 2012 and was completed in October 2013; over 3,000 DMM elements were installed to a maximum depth of 57 ft below ground for a total gross volume of approximately 125,000 cubic yard. Each element consisted of two 5.5 ft diameter overlapping columns installed simultaneously, and their layout was such to meet the 100% Area Replacement Ratio required by the design. The ground improvement was successfully completed despite some difficulties due to a considerable amount of obstructions. Wet grab sampling and UCS testing of the retrieved specimens were designed as the main QC/QA method for the verification of the quality of the ground improvement. Upon completion of production, approximately 3,000 specimens were cast. The contract also required continuous coring of at least 12 randomly selected DMM elements and the testing of 8 cored specimens per bore for strength assessment. This paper will illustrate means and methods used in the field to construct the designed ground improvement and the results of the QC/QA program, with a focus on the differences between wet grab and coring sampling methods.INTRODUCTIONThe Rio Puerto Nuevo project involved the stabilization of a major drainage channel using the Deep Mixing Method (DMM), and the relocation of a 92 inch ID forced main sanitary sewer outfall. Previously, in 2004, a 40 x 16 x 2,000 ft. box culvert was installed under a different contract to convey runoff waters to the ocean.However, the connection between this culvert and the upstream network of channels was not constructed due to the presence of the forced main sewer pipe. In order for the drainage system to be completed and function properly, the 92 inch ID forced main needed to be lowered about 20 ft to allow for proper drainage.DMM was chosen by the US Army Corps of Engineers to stabilize the drainage channel as well as improve the soil under the relocated sewer main. The DMM was arranged in different zones (A through E) with variable top and bottom design elevations as can be seen in the typical cross section for Zone A (deeper and with a higher strength requirement) and Zone B as an example (Figure 1)."

Jan 1, 2015

By R. A. Jr. Flinn

A CONSIDERABLE number of experiments in recent years have definitely established the fact that the internal friction or mechanical hysteresis of a metal under cyclic stress is a property that is highly "structure sensitive." Because of this fact, it has been suggested that an observa-tion of this property, which often is referred to as "clamping capacity," might he a useful indicator of structural changes taking place when a metal or alloy is subjected to any of a number of metallurgical treatments. Damping capacity is of interest to both engineer and metallurgist, but from a rather different point of view, and the information that each desires from such observations is of a different nature. The metallurgist is in search of various external indications of changes taking place in the interior of a metal; changes which are in themselves not directly observa-ble. Even if the observed phenomenon cannot be explained in funda-mental terms, it may be empirically related to certain characteristics of the material and prove of real value in research. Internal friction or mechanical hysteresis occupies such a position, and, although it is not well understood in terms of basic metallic theory, an observation of its changes can serve in a very useful capacity. Of course, there is nothing new in the measurement of damping, but the use of this property in metallurgical research constitutes a vast field, which has received all too little attention. The present work is essentially of an exploratory nature in this field and is an attempt to evaluate the process as a research tool. The phenomenon of age-hardening was chosen as a typical example of a structural change and one method of measuring damping was examined in considerable detail.

Jan 1, 1938

By O. Espinoza Ortega, S. Song

A process scheme has been devised to improve the silver recovery and the grade of concentrates from the scavenger concentrate of a silver ore flotation circuit. Based on modal analysis studies it was found that silver sulfide minerals in the scavenger concentrate were associated as simple binary particles and finely disseminated in sulfide and non-sulfide gangues. Fine grinding of the concentrate improved the grade-recovery curve of silver to a very limited extent owing to heterocoagulation between liberated fine silver sulfides and coarse particles of gangue. This heterocoagulation phenomenon was prevented by grinding the concentrate in the presence of the dispersing reagent sodium hexametaphosphate. The silver grade-recovery curve was improved by practicing. before the conventional flotation step, a selective aggregation step for the fine silver sulfide particles using the non-polar oil kerosene, the sulthydryl collector Aerophine 3418 and conditioning the pulp under strong agitation conditions.

Jan 1, 2004

By Rajesh K. Mishra

The person in charge of Environmental Affairs in a small business has many higher priority projects (such as making money to meet the employee? payroll etc.) than filling out and filing the regulatory forms. It is but. natural to think that these affairs can be managed? by playing ignorant until audited by the regulatory -state and federal agencies. Truth is to. the contrary; generally, it is too late by then. The fines and legal costs even for failing to file the regulatory forms could deliver a serious blow to the financial well-being of a small business. Forms and reports under SARA Title III are not hard to complete., but they are time consuming. In this paper we will discuss the information and data compilation procedures, simplification of some legal terminology into simple technical language, and tips that help in filling out the forms?. Some actual case 'histories of EPA fines will also be reviewed.

Jan 1, 1992

AT the Annual General Meeting held in Winnipeg last March, the whole of one of the technical sessions was devoted to a special Symposium on Geological Investigations in Canada, introduced by a paper entitled The Geological Survey (lî which had been specially prepared by Dr. G. A. Young, Chief Geologist of the Survey, and had been published in the February BULLETIN, prior to the meeting. Geologists from each of the provinces contributed to the Symposium, including directing officials of the geological divisions of provincial Departments of Mines, representative geologists from the Universities, and company and consulting geologists. Space, unfortunately, does not permit publication of a complete record of the proceedings,_ or even inclusion of all contributions to the discussion. The following summary, however, gives what is believed to be a fair cross-section of the opinions expressed by representatives from each Province. The Symposium resolved itself largely into a discussion as to how the Geological Survey and the several provincial bureaus or divisions of geology could co-operate most effectively in the important task of carrying out geo-logical investigations, with avoidance of duplication of work and waste of effort, and, so far as broad principles are concerned, there was remarkably close agreement among those participating in the Symposium as to how the various types of investigation should be allocated as between the Federal and Provincial organizations. Briefly, the concensus was that the Geological Survey can render the most effective assistance by conducting reconnaissance investigations, with mapping at 4 miles to one inch, leaving to the provincial organizations the more detailed, and hence more local, studies and mapping at larger scales. There was general agreement that the preparation of base maps, essential to systematic geological investigation, is a service devolving upon the Federal Government.

Jan 1, 1940

By C. E. Wood, T. L. Joseph

This paper is a brief report of experimental work undertaken determine whether barium oxide in any quantity increases the desulfur ing action of blast-furnace slags. Industrial furnace operation wi slag containing small quantities of barium oxide, referred to later, intc ested S. A. Sanford of the Commercial Chemical Co., Youngstown, Oh to conduct experiments to furnish comparative results on desulfurizati with normal slag and slag containing small quantities of barium oxic The U. S. Bureau of Mines agreed to assist on the problem because the possible saving in fuel if the desulfurizing action of blast-furna slag can be substantially increased, also because the experiments woi yield new information on sulfur elimination in general, a matter economic importance in furnace practice. A more complete and func mental study of desulfurization of iron by slag is in progress. Distribution of Sulfur iN the Blast Furnace More than 90 per cent. of the total sulfur entering the blast furnz is in the coke. Sponge iron formed by reduction of iron oxides absor part of the sulfur as ferrous sulfide. Kinney's examination of sample taken from various levels of a 3004,011 furnace, shows that the me continues to take up sulfur until it reaches a level near the tuyer Desulfurization must therefore take place as the metal falls through t slag and as the slag and metal exist as layers in the crucible. The relative amounts of sulfur removed while the metal falls throu the slag and while the slag and metal exist as layers in t crucible are not definitely known. Preliminary experiments by t

Jan 1, 1929

By Neville J. Price

In order that the reader may not be misled, I feel it necessary to comment upon the title of this paper. "Laws of Rock Behavior," one may take as being part of the all-embracing "Law of Nature" and this, according to the Oxford Dictionary, relates to the principles of conduct recognized as being pleasing to God. I feel it would be presumptuous to erect a code of rock behavior on this basis, so turn to a secondary definition, namely that a "Law" is that which is intrinsically reasonable. It is extremely unlikely that any group of geologists, or workers in rock mechanics would be in complete agreement about what could be taken to be "intrinsically reasonable." Therefore, this paper does not present any deified utterances, but rather deals with a few aspects of rock behavior which I consider to be intrinsically reasonable and with which I hope the reader will concur. The mode of behavior of rocks in the Earth's crust covers the range from wholly brittle to completely ductile ; with a deformation time scale which may be measured in milliseconds, for some events such as meteoritic impact, or in millions of years for the tectonic deformation involved in mountain building. A complete survey is, of course, outside the scope of an introductory paper, so I must be both brief and selective in my treatment. Any attempt to establish the mode of rock behavior in the Earth's crust should take into account data and relationships established in laboratory experiments and correlate these with field evidence. Consequently, the first section of this paper presents a brief discussion of the experimental aspects of rock mechanics which are pertinent to the subsequent discussion.

Jan 1, 1970