Search Documents

Project-finance risk assessment is mature and approached systematically. Mining industry due diligence remains fragmented with specialists addressing different aspects of the project such as reserves/JORC, environmental impact, commodity market, even financial analysis/ modelling. Each professional has a natural tendency to believe that the risk factors they have examined are the key ones necessary to be reviewed, as if their review will stand in isolation from others in the way a project materialises. By first laying out the project risk categories and risk matrices, this paper examines the due diligence process with a keen eye to the risk assessment and overlap/interaction. Some cross fertilisation of due diligence techniques from other industry sectors is placed into the mining context. Six case studies are then presented with regards to due diligence features in each projectÆs feasibility review or financial information/ offering memorandum. A power case first shows the differences between the due diligence expectations of banks versus bond financings. Then some Australian and Indonesian mining development cases are analysed to see the due diligence learning points. Some of these were project/due diligence failures. The conclusion focuses on the value of a systematic risk assessment for project evaluation, all from the project-finance perspective.

Jan 1, 2007

By P. K. N. Raghavan

This paper identifies potential technologies for Carbon dioxide abatement from the mining and metal industry with special reference to the Aluminium industry. Mine reclamation could contribute to this effort to successfully reach the greenhouse gas (GHG) emissions reduction commitments for a nation. An overview of GHG production by the mining and metal industry together with a review of principles used to set the context in which specific options for GHG reduction are described. Options for GHG reduction in the mining and metal industry include reforestation, Addition of soil amendments or neutralizing agents, CO2 capture and storage, initiatives towards energy reduction, waste heat recovery and alternative energy use. An analysis and quantification of the potential GHG reduction of potential carbon sinks and sequestration options for the mining and metal industry are provided. Cost estimates for different options are provided. The paper also identifies sources that could fund research regarding GHG reduction options. The paper concludes with recommendations.

Jan 1, 2011

By The Staff

THE property of McKenzie Red Lake Gold Mines, Limited, consists of eleven claims located on McKenzie island in Red lake. The mine is about 4,Y:l miles by water from the Howey townsite on the same lake, and about 95 miles north of Kenora, Ont. (see Figure 4). Mail and express are flown-in daily, winter and summer, from Sioux Lookout, Hudson, Kenora, and Winnipeg. All heavy supplies are freighted-in during the summer over a water route, using four marine railway portages, from Hudson, Ont., a distance of about 180 miles. During the winter, freighting over the same route is clone by tractor if necessary, but costs are three to four rimes the summer rate. Due to these conditions, large inventories of supplies must be kept on hand, varying from a spring minimum of $45,000 to a peak of $110,000 early in November. The average cost of all freight brought in from steel during 1937 was $0.01 per pound.

Jan 1, 1938

By A. J. Giroux

"The use of Ishikawa cause and effect diagrams in an analysis of requirements for improving safety and productivity at Falconbridge's Strathcona Mill is presented. The analysis lead to numerous small improvements being made with the cumulative effect being a significant improvement in both areas.INTRODUCTIONMill management in the 90's involves the major requirements to improve both safety and productivity in the workplace. These objectives, once seen as unrelated or even mutually exclusive, are now accepted as being complementary. Managers, trained either on the job (coming up through the ranks) or in an engineering discipline followed by first and second line supervisory experience are now turning to methods developed in consumer product manufacturing to ensure that all the components are in place to ensure the ore processing facilities are safe and efficient.This paper shows how management at Falconbridge' s Strathcona Mill used the Ishikawa ""fishbone"" diagram ( 1) , a method further developed by Deming(2), to put into place a comprehensive safety and productivity process. The Ishikawa/Deming concept is that no one element or program will itself continually improve a process or service. It is only by examining and then improving all the elements that are involved in the process or service that continuous improvement is obtained. The process was built on the Deming principle of worker ownership where management is the facilitator for putting into place the mechanisms whereby workers can themselves improve the operation. The process is illustrated mainly by examples of the changes made in the hope that these may be of direct help to other operations."

Jan 1, 1993

"Conveyed coal flows have been diverted on the basis of real time ash analysis since the 1980s. Many coarse particle separation methods are available through screens, jigs, heavy media separation, particle sorters, to name a few, however bulk diversion requires a representative, continuous analysis to ensure diversion decisions can be made with confidence. Sensors also need to be able to provide measurements at useful time increments so that small tonnages can be diverted for maximum selectivity. Particle separation typically requires high capital costs and there are limitations either in throughput tonnage or particle size or both. Few techniques are able to provide robust and representative analysis of conveyed flows in a useful time basis. Prompt Gamma Neutron Activation Analysis provides multi-elemental analysis of conveyed bulk materials and has been proven in the minerals industry since 2003. This paper outlines the success of this technology in minerals applications in iron ore, phosphate rock and most recently in copper-gold ores, including its use in bulk diversion.INTRODUCTION Naturally occurring quality variability, or heterogeneity, in mineral deposits enables separation and recovery of the valuable components through mining and processing operations. There are distinct advantages in processing the minimum quantity of material to achieve the highest possible yield. Unfortunately, declining ore grades has resulted in larger scale operations and a subsequent loss in selectivity for mining operations. As limits are approached on the practical size of equipment, there is more motivation to investigate alternative solutions. Mining companies are subject to increasing social resistance to growing waste disposal requirements in addition to higher energy and transport costs. Major savings are available by reducing the quantities of material processed where pre-concentration can be effectively applied at early stages in the process. One of the simplest ways to pre-concentrate is to measure the bulk material and reject waste soon after mining so that minimal expense is incurred and that only higher quality material is sent to processing operations. This bulk sorting can occur within the mining operations and has major benefits through energy and other consumables savings. This paper discusses the application of real time analysis technologies suitable for bulk sorting within the minerals industry. Technology that has proven representative for conveyed material bulk analysis and its successful applications to date is explained. Analysis using a sensing technique is only one component of a successful bulk sorting process; the importance of effective diversion systems and a bulk sorting strategy are also discussed. The bulk sorting stage may be one component of a system that could include additional downstream technologies such as particle based sorting systems on a diverted stream."

Jan 1, 2018

By M Berner, N A. Sifferlinger, E Fimbinger

Today, the advance rate of underground roadway development by drill and blast operation is limited by the need to ventilate the toxic blast fumes after each cycle. In deep mines this usually is only possible during shift changes when the related mine sections are free of persons. This results in roadway development advance rates of 4 m per shift, or 12 m per day. For long roadways this is a limiting factor in mining development in deep mines. Companies like EPIROC, KOMATSU, ROBBINS and SANDVIK are making serious R&D efforts to disc-cutting mobile miners to overcome this bottleneck. However, today, the achieved advance rates are less than 12 m per day in hard rock. If we achieve full robotisation and/or teleoperation from a safe place for drill and blast operation of an underground roadway development section, we could eliminate this bottleneck. Poisonous blasting fumes do not affect robots and machines as long as these fumes do not create aggressive acids. If we can keep the blast fumes isolated in the roadway development section for the shift until the next ventilation opportunity (eg shift change or designated ventilation times), we can do the drill and blast cycle more often in a shift, which will significantly speed up the advance rate. This requires robotisation of all work steps in the section: surveying, drilling, charging of explosives, blasting, loading and transporting material, roof support, installation of infrastructure etc. Also, cache storage for the material is needed. Special care for the ventilation system to keep the blasting fumes under control in the section is necessary. The paper discusses the aspects needed to achieve this robotisation and the related technical and operational tasks.

Sep 1, 2024

Australia is tightening its rules governing mineral processing and the purchase of rural land by foreign investors" Rural land purchasers in the future will have to demonstrate to the Foreign Investment Review Board, the applicable governing body, that they will introduce new techniques or developments that will benefit Australia. In mineral processing, the criterion will be the availability of maximum opportunities for Australian equity capital. The changes are designed to discourage absentee landlords and speculators from abroad. A diamond field discovered several years ago in the northern section of Western Australia, known as the Kimberley region, is now thought to be one of the largest in the world, according to Conzinc Riotinto of Australia Ltd. (CRA). Figures released late in 1981 by CRA indicate that the main orebody of at least 100 million metric tons contains possibly 500 million carats of diamonds with a conservative market value of $8 billion. The diamond stones in the 100-acre deposit are about 10% gem-quality, 30% near gem, and 60% industrial. Initial production is expected to be about 17 million carats annually, which could be expanded to 25 million carats annually. World production of natural diamonds has been about 40 million carats per year from a reserve base of about 700 million carats.

Jan 1, 1982

Conditional simulation provides a model of the ore body that represents variability in the data. This can be used to determine the impact of various grade control and mining strategies. A number of transfer functions are discussed that assist in optimizing grade control sampling. The cost effectiveness of various drilling and trenching techniques are discussed. Modelling of the expected performance of a mill head grade sampler is investigated. Conclusions are drawn about the likely impact of various sampling techniques on the economic performance of an operation and about applying sampling theory to grade control sampling.

Jan 1, 1999

By Lorraine B. Burgin

The extensive lead time to develop most Arizona copper deposits commenced with initial production efforts before the turn of the century, when the first attempts were made to recover gold and silver and later copper from the high-grade vein deposits of the territory. Each of these discoveries, prospects, and early operations had its own lead time and life cycle as economic production was attempted. Because prices of the metals fluctuated and the higher grade material was depleted, economics forced operations to close and companies to fail. Renewed interest in the property because of improved conditions, different interpretation of the geologic structure, or new promotional ability frequently resulted in the formation of yet another company to finance the exploration and, hopefully, the development of the property. This cycle of renewed activity and subsequent abandonment was and is common, accounting for many lead times and for the long period of time from the initial location of claims to large-scale production. In order to gain a perspective on the lead-time interval necessary to achieve development of a large-scale operation, the histories of several major Arizona mines were examined, rather than a simple listing of discovery and production dates of many mines to arrive at a statistical average. The Miami, Castle Dome, Copper Cities, San Manuel, and Twin Buttes properties were studied, and as much data as possible obtained on the Pinto Valley, Esperanza, Sierrita, Pima, and Mineral Park-Ithaca Peak properties.

Jan 1, 1974

By Christoph Mueller

?Globalization and the impact on mine operations? is one of the themes of the 2003 annual CIM meeting. Global mining business in practice always means to act with local base material resources in order to reach the mining company?s global business goals. On the other hand these operations are characterized by cost pressure and cycling product prices. Driven by actual prices, local product markets and local production cost, one time one mine can be most efficient while under different circumstances another mine will be the most efficient producer for the same customer [PENSWICK, 2001]. Therefor in the future the most profitable mining companies will be those who have permanent ?real-time? control on their actual production cost level. Certain approaches are under way to provide reliable modeling tools for aiding mining companies in highly complex decision finding procedures. A high potential for enhancing efficiency is the integration of all single steps of the mining working chain into a production process structure to make advantage of an optimized flow of material and information through the ?moving ore factory? [WIGDÉN, 2001]. Crucial to all these activities is the ability of getting reliable, just-in-time information from the entire mining production chain. As modern mining machinery today is controlled electronically and even already operated autonomously, the theoretical preconditions for the data acquisition is already fulfilled. But up to now, there was no way of cost effectively exchanging the process information with databases, simulation tools and other enterprise level software. Any data exchange problem had to be solved by individual and expensive software development projects. To solve these problems, the International Rock Excavation Data Exchange Standard (IREDES) was launched in 2000 by major players in the industry. The task of this initiative is to define a ?common electronic language? for easy and standardized data exchange between mining machines and central computer systems. As in other industries, this standard is expected to have significant impact on the use of automated equipment. It shall provide easy ways of using multi vendor machine installations in data controlled mining processes. At the same time it reduces cost for individual development of interfaces for all parties involved. The standard?s technical architecture is flexible and open - also for future applications. It uses modern technology enabling easy data exchange with commercial databases as well as open on line networking.

May 1, 2003

By Joe Silvestri, James Carroll, Steve Rondinelli, Raelene Shelly, Jason Miller

"The I-70 Eisenhower-Johnson Memorial Tunnel (EJMT) Fixed Fire Suppression System (FFSS) will help protect the traveling public as well as the entire tunnel itself, which is a critical asset of the Colorado highway system. This project is part of an effort to avoid any closure or long-term damage to these tunnels after a fire event. Historically, the EJMT complex has experienced two to three fires a year. While CDOT has firefighting capability at the EJMT complex, the fixed fire suppression system will provide first responders the critical time needed to safely approach the scene and take action, and is a necessary tool in combating tunnel fires, keeping the public safe, protecting the tunnel structure, and minimizing disruptions to traffic. This paper provides a case history of the first-of-a-kind design and construction of the EJMT FFSS. Major project elements include; water-only deluge fire suppression system, fiber optic linear heat detection system, updated fire alarm system and new drainage system. PROJECT BACKGROUND The I-70 EJMT FFSS was awarded to the Design Build Team lead by Barnard Construction, supported by Rondinelli Life Safety, BCER Engineering, ILF Consulting, Western States Fire Protection and Systems Group. The team conducted successful live fire tests at the Boulder Regional Fire Training Facility in November 2014, with the final design of the FFSS and other supporting infrastructure completed in the spring of 2015. Construction began in early summer of 2015 and the project was completed in December 2015. While CDOT currently has firefighting capability at the EJMT complex, this project features an intelligent linear heat detection system that can accurately identify a fire within feet of its location and subsequently activate the corresponding water-only FFSS deluge zone, bringing water in from an existing supply system on the west side of Loveland Pass. The detection system also activates cameras so the EJMT onsite control room personnel can view and better assess a fire event. The uniqueness of this design is that the majority of the installation occurred above the traffic lanes in the tunnel, which resulted in minimal impacts to motorists below. The fire suppression system will help protect the traveling public as well as the tunnel structure, a critical asset to the highway system. This project is intended to reduce damage and avoid long-term closures of the tunnel due to fires. A long-term closure could cost Colorado billions of dollars and negatively impact tourism along the I-70 mountain corridor."

Jan 1, 2016

By André Oliveira

The present paper describes state-of-the-art Pulverized Coal Injection technology with focus to Dynamic Distribution guaranteeing highest accuracy on equal distribution and being thus one of the key factors enabling constantly highest injection rates. As an alternative to the construction of a new plant, existing plants may be modernized and upgraded to latest technology. Two recent examples are presented. As a conclusion, two case studies of return on investment are showing that the PCI technology, both for new facilities as well as for upgrades, is very profitable and mandatory for high blast furnace operation effectiveness.

Aug 17, 2017

By H. A. Watson

Laboratory tests on three commercial methane detectors, two combustion- type detectors and one interferometer-type detector, were made by the Bureau of Mines to determine their response to certain single and multiple flammable gases mixed with normal and abnormal air atmospheres. Although both types of detectors responded accurately to methane-normal air mixtures, they did not show correct concentrations for other single flammable gases in air. Uniquely, the response of the interferometer-type detector to hydrogen was in a negative direction. The effects of individual gases in multiple flammable gas mixtures were approximately additive. In oxygen-deficient atmospheres the methane response of the interferometer-type detector erred on the high side, but only in very low oxygen concentrations were the combustion-type detectors affected-- showing low, erratic methane readings.

Jan 1, 1966

By M. Frenzel, D. Ebert, K. Bachmann, A. D. Renno, R. Möckel, J. Gutzmer, J. Krause

With the increasing demand for metalliferous and mineral raw materials and the consequent depletion of the global natural resource base, the possible utilization of secondary raw material sources is receiving more and more attention. In the present study, we present results from a detailed vanadium deportment study of three basic oxygen furnace slag (BOS) samples known to containing elevated bulk concentrations of vanadium. Complementary analytical methods that were used to quantify the abundance and composition of V-containing phases include SEM-based automated mineralogy, X-ray fluorescence analysis, and X-ray powder diffraction as well as electron probe microanalysis. The vanadium deportment was quantified using Monte-Carlo simulations of the data obtained from automated mineralogy and electron microprobe analysis. The total V concentrations identified by XRF are between 1.7 and 2.2 wt.% V. The most important hosts of vanadium are larnite-, brownmillerite- and portlandite-solid solutions. In two samples Ca carbonates also significantly contribute to the V deportment, while wuestite, lime, and native iron do not contribute significantly to the vanadium deportment. A thorough consistency check identifies considerable uncertainties in the density of the V-bearing phases as the most likely reason to explain remaining discrepancies between measured and calculated V values.

Oct 14, 2023

By Lionel C. Piuze

Introduction and Early History The British Canadian Mine is one of four operating properties of Asbestos Corporation, Limited, and is located in the town of Black Lake, Que., five miles southwest of Thetford Mines. In the early days of as1bestos mining, this .property was owned by a few small companies who later became part of the Asbestos Corporation. First .to commence mining operations on the property was the Coleraine Mining Company who, in 1885, began selling part of their large holdings in the area to various asbestos mining interests. Of these, the earliest active companies were Manhattan United Asbestos, the Glasgow and Montreal Asbestos Company, and the Anglo-Canadian, the last named later becoming the Standard and Dominion Asbestos Companies. Extraction of fibre was limited to what is now known as crude asbestos and the methods were primitive. Drilling was done .by hand and the ore was lifted by derricks operated by band winches. These were later replaced by horse power, but it was not until 1887 that the first steam-operated boom derricks were introduced, at the Anglo-Canadian mine. The ore was hand cobbled and the asbestos roughly classified and bagged. The waste rock, which by today's standards contained a considerable percentage of marketable fibre, was dumped near the pit. The first attempt to separate the asbestos from the host rock by mechanical means was made in 1888 by the G1asgow and Montreal Asbestos Company, then known as the Scottish-Canadian Asbestos Company, whose mill, erected in that year, was the world's first asbestos mill. Though the equipment was crude, the principles employed were the same as those used today with much larger units. The next steps were the use of rock drills, the adoption of steam rail transportation for moving mill rock, and conversion to the more flexible cable-derrick hoisting.

Jan 1, 1950

By Saeid Pournaderi, Ahmet Geveci, Ender Keskinkilic, Yavuz A. Topkaya

There are mainly three commercial nickel laterites in Turkey: Gordes, Caldag and Sivrihisar. The first two appear in Western Anatolia. The third one, Sivrihisar (Yunusemre) laterites have been found in the first decade of the millennium, in the Central Anatolia region of Turkey. Since then, mining facilities have been continued in Yunusemre. Calcination, prereduction and smelting of Sivrihisar laterites have been extensively studied and published. In the current work, some results of the studies related to characterization of Sivrihisar laterites will be presented.

Jan 1, 2016

By Kun Wang, Xinhui Li, Huaqing Xie, Qingbo Yu, Qin Qin

"Three typical model compounds of bio-oil (ethanol, acetone and phenol) were studied in the steam reforming process for hydrogen production. In the thermodynamic analysis, the three componds showed the similar trends. The hydrogen yields increased with the increase of steam/carbon (S/C) ratios, and the temperatures of the maximum hydrogen yields moved afterward to low temperature zone. However, the hydrogen contents were just about 70%. For improving hydrogen yield, a new system for steam reforming of bio-oil with site CO2 capture was put forward. This system required the catalst with the larger granularity having greater mechanical strength and higher abrasion resistance. So, six Ni-base catalysts loaded on Al2O3 particles prepared were used and among them, Mg-Ni/Co catalyst showed the best catalytic performance. For the simulated bio-oil (the mixture of the compounds), the hydrogen yield can attain 63% with Mg-Ni/Co catalyst with the good stability and regeneration ability.IntroductionCurrently the interest in the use of hydrogen as a clean energy carrier is increasing, and the main way for producing hydrogen is steam reforming of fossil fuels, containing steam reforming of nature gas, naphtha and coal. But this way caused substantial amounts of CO2 emitted, and these sources of hydrogen which are non-renewable energy will eventually be used up [1, 2]. As a kind of renewable energy, biomass is recognized as an attractive alternative to fossil fuels, because of its neutral CO2 emissions [3]. There are mainly two thermochemical processes using biomass to produce hydrogen, gasification and flash pyrolysis followed by steam reforming (SR) of the biooil produced in the flash pryolysis process [4]. The latter was known as one of the most promising and economically viable methods for hydrogen production [5]. In the last decades, the biomass flash pyrolysis technology was adequately developed and fairly mature [6]. But the steam reforming of bio-oil is still at the research stage and yet has been leading to more and more concerns by the researchers. In their research, the catalysts were widely studied and yet mainly were powdery[7-10], and the reactors manily were fixed bed reactors[11-13], readly causing the carbon deposition and the catalyst deactivation, against the continuous running. In this paper, a new systerm was put forward and could realize continuous production of hydrogen, yet needed catalysts with the larger granularity having greater mechanical strength and higher abrasion resistance, as well as powdery CO2 sorbents which mainly calcium oxide based ones.In this paper, the thermodynamic analysis of the steam reforming processes of three typical bio-oil model compounds (ethanol, acetone, phenol) was performed, and the effect of S/C ratio and temperature on the hydrogen yield and the compositions of gaseous products were investigated. Then, a new systerm for steam reforming of bio-oil with site CO2 capture was put forward, and the catalysts with a certain granularity were prepared and studied."

Jan 1, 2014

By S Slouka

Airborne rock dust poses serious long-term health complications to workers in the underground mining and civil environment where rock excavation is utilised. During drilling, airborne rock particles are immediately released into the breathable environment where additionally, the settled dust can be reintroduced into the air further down in production. The purpose of this study is to build a characterisation suite of dust particles such that underground operations can implement more appropriate dust suppression and mitigation techniques in accordance to pick wear. Therefore, concrete is cut to create a preliminary dust characterisation baseline, where future cutting tests will be performed on limestone and sandstone rocks.In this study, three conical pick wears (new, moderately worn, and fully worn picks) are used to generate dust from a concrete block and characteristics are statistically compared between the dusts. Airborne respirable particles are collected during cutting and deposited fine material, orparticles left on the surface of the block, are collected after cutting. The dusts are then analysed through standardised methods, field emission scanning electron microscope image capture with image analyses, and laser diffraction methods. Findings reveal that the worn pick generated thehighest concentration of respirable dust, all picks generated dust containing quartz, the three picks generally generated respirable dusts with similar particle shapes (in terms of roundness, roughness, and aspect ratio), and the worn pick generated the largest deposited fine material particles.

Oct 12, 2022

By W. A. Cole

Underground mining methods at the Gray mine of Tri-State Zinc, Inc., are of special interest because of the low unit costs achieved through use of jumbos and loading equipment mounted un crawler-type tracks and of diesel trucks that haul from the stoping areas to the mill through inclined adits. The operating company, Tri-State Zinc, Inc., is a wholly owned subsidiary of Gold Fields American Development Co., Ltd., the latter being the American branch of New Consolidated Gold Fields, Ltd., a British-owned company.

Jan 1, 1957

By Thomas Niehoff

"Oxyfuel combustion systems are state of the art for many melting operations. Airfuel systems have been stepwise modified to oxygen enrichment, oxygen lancing and oxyfuel. Every change of the melting process will have consequences with regards to emissions and energy usage. The uniqueness of many operations requires unique skills to resolve potential issues. This paper will give some examples of how airfuel systems can successfully be converted to oxyfuel.IntroductionOxyfuel technology – meaning the combustion of fossil fuels such as natural gas, oil or coal with technical oxygen instead of air for industrial melting or heating processes is widely used in many industries these days. Even though oxygen production, storage and handling has been state of the art for decades other opinions exist. Often oxyfuel is regarded with fear and potential hazards like: “Oxygen makes the process too hot.”, “Oxygen will melt away the refractory.”, Liquid oxygen is dangerous.”, “Oxygen will cause explosions.”, ……etc.Typically a more detailed discussion about a specific industrial process and how oxygen can be applied in a safe and economic way the seeming issues go away."

Jan 1, 2010