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How the Australasian and Canadian Codes (VALMIN and CIMVal) approach mineral property valuation is described. Brief comment is also made on the International Valuation Standards CommitteeÆs interest in a global valuation standard for Mineral (Extractive) Industries and the South African SAMREC initiatives to adopt a VALMIN-like Code. The conventional tripartite classification of valuation approaches into those that are Market-based, Income-based and Cost-based is outlined. It is best practice to use as many of these approaches as possible (and as many methods as reasonable in the particular circumstances), given the quantity and quality of the data available on the Mineral Asset (which depends upon the state of development of the mineral property). The use of specific methods must satisfy the basic considerations of logic and reasonableness and the purpose of the valuation. The competence, judgement and repute of the valuer are critical factors, since all valuations are time and circumstance specific. What constitutes æMarket ValueÆ in the different jurisdictions is discussed and definitions are given. Challenges facing the globalisation of a VALMIN-type Code for the international Minerals Industry are the influence of real estate valuers and the US jurisdictional idiosyncrasies. This is mainly due to a fixation on real property rights with a preference for using real estate-like comparative sales techniques (Market Approach) to the exclusion of Income-based approaches; a regulatory reluctance in the US to accept that Resources have considerable value; and the International Accounting Standards BoardÆs preference for Historical, rather than Current Value, accounting.

Jan 1, 2002

By H. H. Bleakney

THIS paper presents evidence that in 3 1/2% nickel steel, the published temperature for the Ac1 transformation, l,275°F., represents the completion of that transformation, and that its inception occurs approximately 275°F. lower, at about l,000°F. The formation of austenite within this range, especially at the higher temperatures, and its subsequent decomposition to martensite, results in considerable impairment of the properties of the steel. That the solid solution found to occur below l,275°F. is austenite has been questioned, but the evidence herewith presented, while not decisive, appears to be reasonably convincing. INTRODUCTION The February, 1939, issue of Metals Technology contains a very interesting paper by I. N. Zavarine, Associate Professor of Metallurgical Engineering at the Massachusetts Institute of Technology. In that paper, Professor Zavarine presented photomicrographs illustrative of the microstructures produced by heating nickel steels to a temperature slightly below the carbon change point, and holding them at that temperature for various lengths of time. His illustrations show that the structures found after such treatment do not consist merely of ferrite and carbides, but are characterized by the presence of a third phase, which he describes as a' 'sub-critical solid solution'. The occurrence of this third phase in increasing amounts is accompanied by an increase in strength and a loss of ductility and impairment of elastic ratio of the steel. Some years ago, one of the authors encountered the above-mentioned phenomenon in treating large forgings of 3.5% nickel steel. After normalizing and then drawing at l,250°F., very poor mechanical properties were obtained. Investigation of the steel disclosed no inferiority in quality. Eventually, after considerable waste of time and money, a draw temperature of l,150°F. was tried. This treatment resulted in a very great increase in elastic ratio, over 5 per cent increase in percentage elongation, and proportionate improvement in reduction of area.

Jan 1, 1941

By Felix Edgar Wormser

JUST as the ancients used the products of their crude mining endeavors to fashion tools with which to make digging easier, so today mining enterprises are dependent upon the very metals they mine for the efficient conduct of mining and metallurgical operations. In fact, the outlet afforded by the production of minerals in the United States is no mean market for the nonferrous metals. I believe that mine managers frequently lose sight of the opportunity they have to select from competitive products those which will help the market for their own metal output. For example, some years ago a large lead mine used storage-battery locomotives for its haulage, common practice, of course, throughout the United States. These particular locomotives, however, were powered not with the ordinary lead storage battery but by a competitive battery product made from an imported metal. After studying this situation, the manager saw how he could help himself by purchasing a product made from his own mineral output, and in his next order turned tip the use of the lead storage battery.

Jan 1, 1935

By Michael MacMillan

AI is already changing how mining companies are seen, judged, and trusted. This paper discusses “reputation engineering,” a structured way to build trust in a world where AI systems summarize and evaluate everything a company says publicly. Using mining examples, emerging AI search trends, and real communication work, the paper explains why the next 12–18 months are a crucial window for action. It also provides a practical framework to help mining companies improve their visibility, accuracy, and consistency across both human and machine channels.

Feb 22, 2026

By Roger G. Long

This final report reviews installation, maintenance and inspection of mine pager telephone installations. A Technical Handbook was developed and distributed. Certain commercial telephone test equipment was modified and a tone source and switching circuit were developed for use in the testing of mine pager phone systems. Descriptions are included of the modifications to a commercial test set and of a tone source/ switching unit.

Jan 1, 1975

By W. W. Adams

With greater production of coal per man-hour of work than ever before achieved, the coal-mining industry of the United States established a better safety record in 1941 than in any year since 1930, the earliest for which complete reports of nonfatal as well as fatal injuries were collected by the Bureau of Mines, United States Department of the Interior. In only one year (1933) of the 12-year period 1930-41 was the fatal-accident rate better than in 1941, whereas the rate for nonfatal accidents was better in 1941 than in any previous year. Accident and employment reports received from mine operators, together with fatal-accident reports received monthly from State mining departments and inspectors, showed that 546,692 men were employed in and about the coal mines of the United States during the calendar year 1941. This number does not include office employees or coke-oven workers. The increase of 1.3,426 over the number of employees in 1940 was accompanied by a gain in man-hours of work performed at the mines and an increase in average number of hours worked per man during the year.

Jan 1, 1944

By M. Côté, H. Pépin, Y. Richer, C. Gingras

Rolls-Royce Canada has been nominated as a Rolls-Royce Center of Excellence for repair of fan blades in 2003. One of the challenges of the Rolls-Royce Canada Component Repair Center of Excellence team is to reduce cost and time of inspection while ensuring trace ability and quality of the inspection performed on the fan blades. In the context of the dimensional control process optimization, and following the positive conclusions of initial trials carried out in 2003, the technical authorities at RRC have selected the SPG data 3D(TM) technology as a development base for dimensional control programs. The main goal of this development initiative is to develop and support an inspection system to perform the dimensional control and inspection of different components at the Montreal Fan Blade Repair Center of Excellence. The final objective of the program is to build a server platform capable to support different inspection sites within the Montreal facility for the future. This paper presents the certification process of the technology according to the VDI-VDE 2633 certification standards and some results of the fan blade inspection program of the BR 710, BR 715 and TAY according to the JES 195 engineering standards specification.

Jan 1, 2006

By Robert Bottge

When a company develops a mineral property in a remote area of Alaska, it must consider how best to house its personnel. This Bureau of Mines report examines the economics of two options: company towns and company camps. The price required to maintain a 15% discounted-cash-flow rate of return (DCFROR) was derived for hypothetical 1,000-st/d cut-and-fill mines and 50,000-st/d open-pit mines located in three different regions of the State, One set of hypothetical mines utilizes a townsite; the other utilizes a relatively new concept, a fly-in camp or commuting operation, in which two shifts of employees operate the mine and all associated facilities for 1 week before being replaced by a second crew. The study shows that operating costs were higher for mines employing the commuting option than for mines having a company town because of the additional wages paid for overtime hours; however, the price required to obtain a 15% DCFROR for the single-product copper concentrate, f.0.b. the mill site, was significantly lower owing to the lower investment costs for the camp-type operation. The economic advantage for those mines utilizing the camp increases from south to north and from the coast toward the interior.

Jan 1, 1986

The past four years since the 2008 MINExpo have been a roller coaster ride for the mining industry, with highs and lows and everything in between. One of the natural consequences of this uncertainty has been a number of significant consolidations and mergers, and this trend has trickled down into the crushing industry. And while there have been some significant changes to this sector of the mining industry, many of the big players have weathered the storm. The following is a look at some of the mineral processing companies that will be at MINExpo. McLanahan Corp. McLanahan Corp. is an example of the changes in the sector. The crushing and grinding stalwart acquired Universal Engineering, expanding its traditional focus on soft mineral crushing to hard rock crushing. At MINExpo, it will be showing off three new pieces of equipment, the LabMill Crusher, the Rocker Tooth Crusher and the Recessed Filter Press.

Jan 1, 2012

By Neil J. Sullivan, Goode. George E.

"The Adams mine, operated by Jones & Laughlin Mining Company, Ltd. and located near Kirkland Lake, Ontario, produces one million tons of iron ore pellets per year. This paper briefly describes the mining and concentrating operation and deals mainly with the operation of the pellet plant. The orebody consists of fine-grained magnetite and some hematite, with alternating layers of chert, and is mined by conventional open-pit methods. After crushing and grinding, the ore is concentrated by magnetic separation and flotation. Agglomeration is accomplished by the grate-kiln pelletizing process. The plant layout and general operation will be discussed in detail."

Jan 1, 1968

By C. Gosselin, M. Rheault, M. Benoit, Y. Bouroubi, V. Sarago

The last three decades have seen significant mining development in northern regions of Canada, where the freeze and thaw cycle of permafrost and the corresponding surface subsidence and heave represent a significant challenge to the design and maintenance of infrastructures. Identifying areas at risk is of great assistance to reduce the impact of this issue. Over the past ten years, Synthetic Aperture Radar Interferometry (InSAR) has been widely used to monitor ground surface deformation. With this technique, changes in phase between two SAR acquisitions are used to detect centimeter to millimeter surface displacements over a large area and with high spatial resolution. InSAR can be used as a tool to assist the siting and design of new infrastructure as well as highlighting the risk to existing structures in areas of unstable terrain. This paper presents the results of a project carried out by Effigis, which made use of SAR interferometry in the context of monitoring terrain and infrastructure stability in a northern mining environment that is affected by permafrost seasonal and long term changes. TerraSAR-X images acquired during two periods, August to November 2012 and March to October 2013, were used to measure the deformations and/or movement of ground surface, infrastructure and stockpiles caused by seasonal changes in permafrost extent in and around a mining site located in Nunavik, Quebec. The results showed that spatial and temporal distributions of surface displacements are in accordance with scientific and terrain knowledge. Some displacements were observed in loose soil areas while, as expected, none were detected in bedrock and rock outcrop areas. The areas most affected by active layer changes showed surface subsidence in the thaw settlement period. This study confirms that SAR interferometry has a great potential for operational applications related to risks induced by surface deformation in mining environments. It shows that this technique can be used to produce reliable maps of surface movement and monitor the vertical displacement of important infrastructure.

Jan 1, 2015

By R. G. Graber

Field testing of GPS mining applications has confirmed the technical and operational viability of GPS for precise, centimeter-level positioning in harsh taconite environments. GPS hardware has provided consistent availability exceeding 90%, with precision in certain applications of ± 0.07 foot at 95% confidence levels. Despite these technical successes though, challenges persist in achieving effective GPS integration. These challenges include the acceptance of new job tasks by mine personnel, the capacity of typical mine data communications infrastructure and the need to design GPS interfaces for new mining equipment.

Jan 1, 1998

By John J. Dran

Large mining companies use a number of sophisticated analytical techniques for introducing the element of risk into the valuation of mineral reserve sites. These methods include, but are not limited to, sensitivity analysis, computer simulation, conditional probability, and portfolio theory. Such techniques enable the managements of these large companies to have an awareness of the many possible ramifications of their investment decisions. On the other hand, small mining companies and individuals in the mining business, due to limited financial and technical resources, still rely primarily on single point estimates of the value of mineral reserves. These small miners introduce the aspect of risk only through the application of an appropriate "speculative" discount rate. This paper illustrates the application of a technique for the introduction of risk into investment analysis. The method appears to be most suitable for use by small mining companies and individuals contemplating a large investment in a new mineral reserve site.

Jan 1, 1974

By G Ferguson a, P Carrasco, P P. A Dowd

International codes of practice offer broad definitions with respect to the classification of resources in terms of risk. Specific guidelines and protocols, to analyse sample data, carry out geostatistical appraisals, develop geological models and finally estimate and classify resources, are not addressed. Neither are detailed requirements for engineering mineable reserves from estimated resources. In addition, international codes of practice fail to distinguish between types of deposit, other than in broad terms, as for example, The AusIMM JORC Code (JORC, 1999) which makes reference to diamond and coal deposits. The objective of this paper is therefore to set in motion the process of specifying detailed protocols, acceptable to the international community, for the assessment, reduction and management of risk associated with the development and extraction of mineral deposits. Ordinarily, the main risks and issues encountered during the process of estimating resources and subsequent conversion to reserves, encompass:failure to understand relevant geological controls of mineralisation; validation of grade interpolation; optimism in geotechnical appraisals of dilution and stability and the consequent selection of inappropriate mining methods; metallurgical modelling of minerals and contaminants reporting to concentrates; appraising the hydraulics of heap leaching and the numerous factors that can affect recovery; difficulty of managing metal price cycles and changes in regulations within the constraints of long-term mining plans; and development of better evaluation techniques for mining ventures. Uncertainty is inherent in estimation and engineering work, and its identification, reduction and management should be a fundamental goal of all involved in the mining industry (Figure 1). Variability may be reduced by:following internationally accepted practices for the collection, manipulation and analysis of geoscientific data; and verifying that the procedures actually performed meet the associated standards. Increasing amounts of data will also reduce uncertainty, but only if the procedures used to collect and appraise such data follow the relevant procedures. It is thus the aim of a series of papers in preparation, Beniscelli et al (in prep), to put forward detailed guidelines, for:project sponsors û to provide a global view of the work and documentation needed to support requests for funding various phases of project development and budget approvals; geologists û to indicate a checklist of the requirements and standards for the exploration and estimation of resources; and engineers and economic analysists û the protocols for characterising, modelling, engineering and evaluating the extraction of reserves. It is therefore hoped to encourage the development of consistent standards for declaring reserves within the mining industry. Data from projects and operations will be utilised to illustrate the benefits of adopting a rigorous approach to estimating resources and engineering reserves, Beniscelli et al (in prep).

Jan 1, 2000

By Oliver Bowles

Chalk is defined as a noncrystalline, soft, friable, fine-grained, light-colored type of limestone. It consists essentially of calcareous shells of minute organisms known as "foraminifera," although skeletal remains of molluscs, corals, and sponges are also present. Flint balls which are found so commonly in the chalk cliffs of Europe are regarded as segregations of the remains of certain organisms, such as radiolarians and sponges, that secrete siliceous shells or spicules. The famous chalk beds of northwestern Europe are of Upper Cretaceous age, a geological period that was particularly favorable for the develop- ment and multiplication of foraminifera. The distinguishing physical characteristics of true chalk never have been fully defined; probably its noncrystalline and colloidal properties are most important. The properties of chalk, whiting, and whiting substitutes are not well understood, and much re- search is necessary before definite reasons may be ascribed for the behavior of these materials under various conditions of use. The Bureau of Mines has undertaken a detailed study of chalk and similar materials to determine their exact properties and to establish a basis for classifying formations loosely designated as chalk occurring in various parts of the United States, but the results of this study will not be available for some months. Whiting is a pulverized, purified, and carefully sized chalk. Whiting substitutes consist of finely ground limestone or dolomite, ground marble (marble flour), white marl, and chemically precipitated calcium carbonate.

Jul 1, 1931

By George J. Young

DR . JOHN A . CHURCH, in his treatise on the Comstock Locle 1 gave a full and clear account of the conditions of the mine during the period of greatest activity. The difficulties in the way of deep mining at that time were excessive water and high temperature. The drainage of the mines taxed the financial resources of the mining companies, and the high temperatures restricted the capacity of the miners for underground labor. In spite of these difficulties exploratory work was continued until the financial burden of removing the water became too great. The companies then restricted the work to the upper levels. The years 1883 to 1886 marked the period of cessation of deep mining. For 12 years thereafter mining was confined to the levels above the Sutro tunnel; and, while the question of drainage was more or less agitated, nothing of importance was done until the formation of the Comstock Pumping Association in 1898. Since that time successive levels have been drained until, at present, on the north-end mines, a depth of 700 ft. below the Sutro-tunnel level has been reached. Mining is now carried on in the Ophir mine from the 1,700- to the 2,200-ft. levels, and a winze is being sunk to make connection with the 2,300-ft. level (the 2,450 ft. of the C. & C. shaft). In 1903-the Ward Shaft Association was formed to undertake the draining of the Central and Gold Hill group of mines, and at the present time a depth of 2,500 ft. has been reached in the Ward shaft. The situation at the Ward looks promis¬ing, and the 3,000-ft. level may be reached in the near future. It is proposed to establish a large pumping-station on this level, and then begin the opening of known ore-bodies and the prospecting for new ones. The main factors which have contributed to the successful solution of the drainage problem are the Sutro tunnel, the use of the hydraulic elevator as a sinking-pump, the concentration of pumping-units, and cheap electrical power. The question of high temperature and its control still remains as a minor but important problem. The temperatures encountered in the new workings are as great as those in the earlier periods. The Comstock was considered the hottest group of mines in the world, and I am not aware of similar conditions in any other mining-district. A water-temperature as high as 160° F. has been reported from the Ward shaft, and temperatures below the Sutro tunnel are very high in many instances.

Nov 1, 1909

By John Durkin

This report discusses the configuration and system deployment for the postdisaster surface seismic system for detecting and locating trapped miners. It analyzes the results of 15 field tests to define a signal model, background noise levels, and subarray performance. A waveform modeling procedure is described and compared with observed waveforms. The resulting similarity indicates that the major factors affecting the signal amplitude, waveform, and spectral character are understood. A model is presented which gives the sig-nal amplitude as a function of source type, source depth, and horizontal off-set between source and receiver. Using this model a curve is presented which gives the range at which a signal will be detected for different signal and noise levels. Finally, and most important relative to the mission of the system, the ability of the system to detect signals on one or more subarrays is put into a probabilistic framework. For a strong source it is almost certain that a subarray directly over the source will detect the signal. After signal processing, it is highly likely that signals will be detected on sufficient subarrays to locate the trapped miner. Location errors have been found to be less than 100 ft in the majority of cases. Techniques have been used that can reduce the location errors to this level even when soil layer variation between subarrays is severe.

Jan 1, 1981

By William B. Hetherington

Communities are the foundation upon which the whole structure of society rests and upon which the nation builds its hope for the future. They are not established to serve any one particular generation, nor any one element or group, but should be erected to render a lasting service to all who are to follow. They play a very vital and important role in the lives and welfare of the people, in their industrial, business, and social relations, and in the economy of the nation, of which they are the fundamental assets. Communities and civic governments are destined to be vital factors in the national welfare in the days that are to come. Any improvement in national or world conditions must have its origin within the communities. Any attempt at solution of the community problem must give some consideration to the fundamental elements which exist in every community, and to the underlying principles, and ways of life and thought, upon which community life is based. The community is, in its essence, a number of people living and working more or less closely together, sharing common rights, privileges, conveniences, and comforts, which would be impossible for the individual to obtain for himself by his own efforts alone, or in any other way than by the mutual exchange of persona! services and resources. In this way, men have increased the returns from their labour and commerce, have raised the standard of their living, with better social, educational, and recreational facilities, and enjoy a greater personal security.

Jan 1, 1943

By G. E. Agar, W. B. Kipkie, R. A. Tenbergen

"This paper describes the successful pilot plant testing of a flowsheet, developed at Inca Ltd.&apos;s J. Roy Gordon Research Laboratory (JRGRL), for improved separation of the constituent minerals in a bulk copper-nickel concentrate.The flowsheet utilized the fact that xanthate concentration on the mineral surfaces is the most important variable affecting the high lime separation and that reduction of the xanthate concentration could be affected by an oxidative conditioning stage.When the adsorbed xanthate was reduced to a suitably low level, chalcopyrite and pyrrhotite could be floated to leave a high-grade nickel concentrate as the residue. Sodium cyanide was added to the froth product 10 depress pyrrhotite and any remaining pentlandite. The temporary depression of chalcopyrite by the sodium cyanide was overcome by introducing a conditioning step following cyanide addition . The advantages of the flowsheet; improved copper-nickel separation, operation without heating of the pulp, production of both high-grade nickel concentrate (29.5% Ni, .26% Cu) and copper concentrate (<0.5% Ni, 30% Cu) were all realized.IntroductionLaboratory test work undertaken at Inco and described previously(1) has demonstrated the importance of low xanthate concentrations on the mineral surfaces in the copper-nickel separation at the Copper Cliff mill.It was determined that oxidation of the separator feed (a cleaned bulk concentrate, grading about 11% Cu and 11% Ni) to lower the xanthate concentration on the mineral surfaces prior to separation significantly improved the quality of the separation (CI 4)*, particularly when no cyanide is used, but also when cyanide is added. As well, it was found that the oxidation permitted a pentlandite-pyrrhotite separation - the oxidation step brought about a decrease in the flotation-rate of pentlandite leaving pyrrhotite and chalcopyrite largely unaffected. Consequently, it was possible to produce a highgrade pentlandite product (30% Ni, 0.3% Cu) at ~83% Ni recovery , as well as a high-grade copper concentrate (0.5% Ni, 30% Cu at -96% Cu recovery)."

Jan 1, 1985

By AIME AIME

A PERIOD of business depression and falling prices always raises questions as to the possible responsibility of the monetary or banking system. This is natural enough, for it is agreed that the supply of money or credit is a very important factor in modern business and in prices. However, it is far from being the only important factor. One of the chief merits of the gold standard is that under its workings the supply of currency and credit is regulated automatically to the masimun extent, in- stead of by the control of any arbitrary authority. The supply of new gold comes from the mines, and mining is free. It is distributed among the countries by the currents of trade and the play of economic forces, with the general result that the distribution tends to be in accordance with the economic development of the countries and their ability to use it or command it. Inasmuch as the accumulated stock of monetary gold is very large in comparison with the annual additions, the total avail- able supply changes but little from year to year, and it may be assumed that price-changes that are properly chargeable to gold will take place gradually rather than suddenly.

Jan 1, 1930