Search Documents

By George A. Roche

Since our firm was established by Mr. Price in 1937, we have followed an investment philosophy which is based on the belief that investment in growth stocks is the most assured way of achieving superior, long term investment accomplishment. There are many criteria that we use to select growth companies but the most important is a combination of superior management operating in an industry with above average growth potential. This growth stock approach is the cornerstone of our investment strategy for two of the three mutual funds sponsored by the Price organization and for our private clients. However, during the past 5 years we have seen inflation accelerate due to a variety of factors including the inability of our government to meet seemingly unlimited needs with limited revenue sources. While there might be temporary periods of price stability, we believe that inflation will still continue to be the investor's greatest problem in future years. Our conviction that inflation would increase combined with the acceleration of inflation in the late 1960s stimulated an intensive investment research effort, on our part, to identify those companies with strong natural resource bases -- who own or control large, secure, and low cost tangible assets. Over the longer term and in an environment of a depreciating dollar some of these firms should be able to develop and sell these assets at higher prices. While we still believe that investing in growth companies is a sound investment strategy to offset inflation, we also believe that certain natural resource companies will show well above average investment performance. In the newest Price mutual fund, The Rowe Price New Era Fund, we have, as a matter of policy, placed a large portion of the portfolio in natural resource companies.

Jan 1, 1972

By Cesar Carrasco, Heath Arvidson, Mark Forster

Block models built to represent the geology and rock characteristics of mineral deposits represent huge complex data sets, which form the basis of strategic and business planning, and public reporting of Mineral Resources and Mineral Reserves. Recent advances in cloud computing and database technology developed for the Internet of Things offer a different way of working with these critical data sets. Enabling a cloud based, open data structure with high performance data analytics capability presents a compelling improvement in governance and a democratization of ore body knowledge that can lead to automation use cases that support the digitalization of mining.

Jun 25, 2023

By O Joneydi, J Viljoen, R Funnell

Computational Fluid Dynamics (CFD) modelling is a useful tool that can assist engineers in designing effective ventilation systems for the control of airborne dust generated during mining operations. Thistechnology can save time, effort and the costs associated with re-work or the traditional on-site experimental field trials by running desktop 3D simulations of the various proposed scenarios using state-of-the-art CFD analysis tools. Before implementing a dust management system, an understanding of the behaviour of airborne dust particles in the face zone can be achieved, which can improve the confidence in the secondary ventilation and dust management design. Usingadvanced numerical models, suitable dust extraction strategies can be foreseen, and multiple scenarios can be simulated and investigated quickly. As a case study, dry drilling operations in Kimberlite orebodies produce large quantities of fine dust which poses health and safety risks. An effective dust management system is required to achieve acceptable face conditions. A possible practical solution is a ducted exhaust ventilation system with a force fan in the face zone. This paper demonstrates how CFD analysis can be used as a tool to assist the design engineer with validating and optimising the proposed ventilation design by tracking the trajectories of different size dust particles, to determine the best equipment layout and appropriate flow rates which minimises airborne dust.

Oct 12, 2022

By Pekka Hanniala

The Outokumpu Flash Smelting process today is the most feasible method for copper matte smelting. The economic feasibility of the process has always been one of the main decision making criteria in smelter projects. Thus, today about 50 % of the world primary copper production utilizes Outokumpu Flash Smelting Technology. However, in the future, environmental criteria will have stronger and stronger impact on decision making. Flash Smelting technology offers the best pollution control features of any process. today. It is foreseen that, in the near future, the global trend will be that all the smelters must decrease their emissions at an accelerating rate, compelling the smelters to make increasingly larger investments on environmental protection. In most of smelters ?today, Peirce-Smith converting and transfer of the molten material in ladles are the number one pollution source. The key today for copper converting and minimizing emissions is the Kennecott-Outokumpu Flash Converting process, which has proven to be the most effective converting method in terms of pollution control and, production efficiency including capital and operational costs. Outokumpu Flash Smelting technology is applicable also for small to medium scale smelters but the most interesting area is the upper capacity limit for smelting in one line, which has not yet been reached. We predict that by the year 2000 to 2005, there will be at least one smelter which produces 500,000 tonnes of Cu per year based on one Flash Smelting and Flash. Converting unit. The current state-of-the-art of the Outokumpu Flash Smelting - Flash Converting process is presented in this paper as well as some new options for copper production to be utilized in the near future but which are available already today.

Jan 1, 1998

By Wallace W. Roepke

Research on coal cutting at the Bureau of Mines Twin Cities Research Center (TCRC) has evolved from a purely mechanical approach, specifically to reduce dust or frictional methane ignitions, into an understanding of the complexity of the cutting system relationships. Achieving an understanding of these relationships requires a wide variety of testing techniques and equipment. Laboratory facilities and the associated equipment exist for shallow to deep cutting in both coal and coal-inclusive rock with any desired bit type. Research efforts with this equipment are providing insight for significant advances to help solve the problems of pneumoconiosis and frictional ignition. This effort will ultimately affect both respirable dust and methane ignitions at the face through better bit design and will increase the salable percent of run-of-mine (ROM) coal processed. It will also affect the design of rotary-drum cutting continuous mining machines (CMM) and longwall machines. This report describes the main features of the coal cutting research facilities at TCRC.

Jan 1, 1983

By Ian M. F. Arnold

"Occupational health programs and their role in improving the quality of working life in the mining industry are discussed. Attention is directed to some problems peculiar to the Canadian mining industry. Factors affecting program development are reviewed, as well as parameters affecting cost-benefit analyses.IntroductionThe quality of working life in the mining industry is a more important consideration than in many other industrial environments because of the very nature of the undertaking. It was a strange paradox of the 1960s that preventive maintenance programs for machinery and equipment were well accepted, whereas the concept of ""preventive people medicine"" was basically ignored. Fortunately, there seems to be a swing toward the development of occupational health programs in many sectors of the business community; however, there is a noticeable lack of consistency and uniformity for thought among the members of the mining industry. The blame for this lack o f progress in the occupational field cannot be entirely attributed to the industry, but must also rest with (for the most part) apathetic and inadequately trained physicians. This latter problem is slowly improving with the growing recognition that a well-planned and executed occupational health program may improve the quality of working life for mining employees and their families.There are a number of factors which relate to occupational health in mining, and its effect on working life quality. Included among these are:1. Community isolation.2. High accident risks.3. Occupational disease risks.4. Production demands and the state of the economy.5. Government regulatory requirements.6. Travel demands.These, and others, reflect on all levels of the mining industry. To examine how these factors can be moderated by an occupational health program, it is necessary to first review the rationale for such a program and some of the costs related to it."

Jan 1, 1983

By J. M. Bowen, P. Wemyss

"Gold losses to natural carbonaceous matter during cyanide leaching have been investigated for over a century. The variation in the severity of the problem from one ore to another has led to a range of different processes being implemented at different mine sites. Most commercial options utilise one or more of the following processes: roasting, carbon pre-flotation, organic blinding, CIL, chlorine passivation, pressure oxidation, biological passivation, elevated temperature CIL, RIL and thiosulfate. This paper provides a background to identify the most appropriate process or combination of processes for a particular ore. It also presents information on how these processes may be implemented, drawing on information in the literature and from current or recent applications at operations such as the following: Stawell, Kumtor, Penjom, Twin Creeks, Macraes Flat, Kittilä, Fosterville, Inata, Carlin, Goldstrike, and Jerritt Canyon. Various process options have been dismissed, or deemed unsuccessful due to limited knowledge available on the strengths and weaknesses of the different options and their implementation. The authors have collectively been involved in flowsheet development and project implementation in four commercial plants that have treated preg-robbing ores.INTRODUCTION Cyanide processing has been the mainstay of gold recovery for well over a century. It is generally a very effective process with over 90% recovery on free milling ores, but complex and refractory ores may only give 0–50% recovery with conventional processing (La Brooy et al., 1994). People have written about gold losses to natural carbonaceous matter during cyanidation for over a century e.g. Feldtmann, (1915). The earliest reports related to African operations, but the issue has since been reported in Canada, North and South America, Australia, Russia and China. The phenomenon is usually referred to as ‘preg-robbing’ dating from the times before the use of granular activated carbon for gold recovery, when gold was lost from the pregnant solution before it could be separated from the leach solids and recovered by cementation. Many excellent reviews have been published e.g. Dunn et al. (2013), summarising the options considered and where they have been applied commercially."

Jan 1, 2017

By A. Holland, T. Krumins, E. Olin, J. F. M. Castilleja, J. Geldart, C. Fleming, I. Jackman

A flowsheet has been developed to treat the flotation tailings from a copper mine in Mexico to recover gold and silver by cyanidation and carbon-in-pulp (CIP). The plant will treat ~15,000 t/day of a 60:40 blend of current flotation tailings and the mine’s historic tailings. The tailings also contain a significant amount of cyanide-soluble copper, and the economic viability of the project is strengthened by recovering most of the copper and cyanide associated with this process. The solution and solid phases in the CIP tailings will be separated in a counter current decantation (CCD) circuit and the CCD solution overflow will be treated by a SART Process. Copper precipitates as a salable copper sulphide product in the SART Process and the cyanide that is associated with the copper complex is regenerated as free cyanide. After SART, a portion of the SART product solution will be recycled to leach to reuse the free cyanide, while the remaining solution will be used as wash water in the CCD circuit. Incorporation of the SART Process in the flowsheet allows the CIP circuit to be operated aggressively as a gold plant, which means most of the silver in solution passes through CIP to SART. Silver co-precipitates with copper in SART and is recovered very efficiently with the copper sulphide by-product. Incorporation of SART also allows the leach and CIP circuits to be operated with relatively high levels of free cyanide, which enhances silver leach kinetics and helps keep copper from loading onto the carbon in CIP. The flowsheet was developed in the laboratory and successfully demonstrated in a fully-integrated pilot plant in 2018.

Jan 1, 2019

By Ronald F. Ayers

The study upon which this paper is based was completed by Battelle's Columbus Laboratories for the U.S. Army Corps of Engineers in 1974. It is but part of an overall effort by the Corps to evaluate the costs and benefits to the nation of waterway improvements. This study is primarily concerned with future coal markets for production from those counties near the Wabash River in the heart of the Eastern Interior Province. An objective here is to consider a most pessimistic energy (and hence, coal) demand for planning purposes.

Jan 1, 1976

A series of laboratory evaluations examined the impact of water spray pressure, curtain setback distance, and external and underboom spray use for controlling respirable dust levels and sulfur hexafluoride tracer gas concentrations around a continuous mining machine. This mining machine was equipped with a flooded-bed dust scrubber and was positioned in the box or slab cut. Exhaust line brattice was used for all tests. Dust levels were measured in the return airway and at locations representing the operators of the continuous mining machine and the standard and off-standard shuttle cars. Increasing water pressure or using the underboom sprays produced no significant impacts on dust levels, although their interactions did produce some significant impacts. Increasing curtain setback distance often elevated dust levels, likely by reducing the amount of airflow reaching the face. Use of the external sprays created additional airflow around the mining machine that pushed the dust cloud past the scrubber inlets. This significantly increased dust levels at all sampling locations. Tracer gas levels were measured on the off-curtain and curtain sides of the cutter head and in the return airway. Increasing water pressure generally led to significantly increased gas levels on the curtain side, although a slight decrease was observed on the off-curtain side with the machine in the box cut. Increasing setback distance elevated gas levels on both sides of the cutter head and in the return by limiting the quantity of ventilation airflow reaching the face. Use of the external sprays provided additional airflow along the off-curtain side of the machine, significantly reducing gas levels in this region. These sprays adversely impacted the dilution and removal of gas on the curtain side of the cutter head. Use of the underboom sprays adversely impacted gas levels on both sides of the cutter head. Use of the external sprays provided the best control of respirable dust and face gas concentrations. The smaller increases in miner operator dust levels produced by these sprays were offset by larger reductions in face gas levels on the off-curtain side of the cutter head. Although the underboom sprays minimally impacted respirable dust levels, use of these sprays was not recommended because they increased face gas levels.

Jan 1, 2007

By Peter Moon, Lloyd G. Campbell

"How well supervisors supervise, and are supervised determines whether management's goals will be reached and ...how effective the work force will be... Upper management must recognize the potential returns of viable training programs for both management and mine workers… The key to performance, from the standpoint of safety and productivity, is the ability of the line supervisor to manage(1).In this article, the authors will share their experiences in supervisor selection and development. They also draw on the work of two men in particular, Douglas Bray and William Byham, both of whom have contributed significantly to the understanding of supervisory development and training.IntroductionYears ago, there was not much training for supervisors. They worked under an authoritarian style of management and modelled themselves on it. They were generally selected for their skill as miners, mill operators or mechanics. Things have changed. Today, companies have different needs. The selection of supervisors is far too important to rely on guesswork. Progressive companies want supervisors who think like managers - supervisors who know how to plan and organize, set performance standards and monitor them, analyze problems, develop solutions, show sound judgment and deal effectively with people. The evaluation of these supervisory ""dimensions"" is best accomplished through the use of an assessment centre. The Assessment Centre Method increases the accuracy of predicting the future success of candidates being considered for promotion.Mining and other resource companies use assessment centres to select the most suitable people for supervision. The Assessment Centre Method is based on extensive research. It eliminates hit-and-miss selection methods by using several different exercises that simulate the problems and activities that candidates would face if they were promoted into supervision . In other words, they get a realistic "" sample"" of the supervisor's job and are required to deal with and manage interpersonal and problematic circumstances."

Jan 1, 1990

By S. H. Ash

In the early nineties it was observed by several European investigators and by C. S. Rice4 that an explosion could be checked and would not propagate in the parts of a mine where shale or other inert dust was present in large amounts.5 After the disastrous Courrieres explosion in France that killed 1,100 men, coal-dust explosion tests were made in France in 1907 and in Great Britain in 1908 which resulted in the conclusion that if enough incombustible dust were properly spread throughout passageways charged with coal-dust, the propagation of an explosion by the coal-dust could be prevented. In 1908 the Federal government authorized the investigation of the causes of mine explosions and of possible methods of preventing them, with the result that during 1911 the United States Bureau of Mines, after making several tests, suggested that rock-dust be used in gassy or dusty bituminous coal mines. Since that time, experiments and investigations6 have proved conclusively that widespread explosions can be prevented in coal mines by efficient rook-dusting.

Jan 1, 1930

By L. Larson

Rock samples were taken, away from zones of mineralization , from seven sections of five rhyolitic zones as define d by Spence (l967) in the Noranda area. The purpose of the investigation was to test whether there were intrinsic differences between the zones which would differentiate between non-productive zones and productive zones. For the elements sought (major elements, Cu , Pb , Zn and S) , no clear chemical difference between the zones was found. Thus, identification of a favour able zone from the over -all composition of the zone does not appear promising. Within sampled sections, there is no clear gradual compositional change up through the sections. A capping of highly siliceous massive rhyolite is present in five of the sections sampled. A layer of relatively basic material occurs near the base of individual units. The third (mine zone) and later zones contain abundant pyroclastic material, where as the non-productive zones do not.

Jan 1, 1977

By Michael Rehbock-Sander, Romed Insam

"INTRODUCTIONThe idea of building a summit tunnel under the Brenner occurred to the Italian engineer Giovanni Qualizza as far back as 1847. But it was to be another 160 years to pass before a base tunnel was to be built.In 1971 the idea of a tunnel at the Brenner was dusted off again. The UIC, the International Union of Railways, commissioned a study for a new Brenner railway with a base tunnel. By 1989 three feasibility studies had been drawn up which formed the basis for further planning of the Brenner Base Tunnel.This was the start of the planning activities. In 1994, the European Union included the Berlin-Naples corridor in the list of priority projects. Ten years later, Austria and Italy signed a State Treaty to build the Brenner Base Tunnel. In that same year, what is today the BBT SE was established.PROJECT DESCRIPTIONThe Brenner Base Tunnel (BBT) with a length of 55 km is the centrepiece of the Helsinki-Valletta Transeuropean Traffic Corridor from Finland to Southern Italy. The BBT tunnel system connects in the north with the Innsbruck station (Austria) as well as to the feeder routes in the Lower Inn Valley, and opens to the south with the projected new line in the direction of Verona (Italy). The tangible design efforts have been underway since 1999; the start of construction of the first section was in the year 2007. The project is financed by the Italian and Austrian governments (each 30 %), as well as by the European Union (40 %).From 2027 onwards the Brenner base tunnel, including the existing lines connected with it, will carry a daily average of 330 trains (approx. 80% cargo trains and 20% passenger trains)."

Jan 1, 2016

By Richard A. Thomas, Liming Yuan, James H. Rowland III, DAVOOD BAHRAMI

To reduce the number of injuries resulting from fires on mobile, diesel-powered mine equipment, it is crucial to promptly suppress a fire once it is detected. The focus of this research was to determine the effectiveness of fire suppression agents. Large-scale tests were conducted using five different fire suppression systems based on: dry chemical, wet chemical, dual agent (dry and wet chemical), carbon dioxide, and water mist. Suppression nozzles were placed around the diesel engine where diesel fuel, engine motor oil, and hydraulic circulating oil spray fires were ignited. The results of this study can help mining companies and manufacturers by providing scientifically based data on the capabilities of the different fire suppression systems.

Feb 1, 2024

By Sup Hong

"Lifting riser in deep-seabed mining (DSM) is exposed to acute and chronic stresses of materials, whose yield will result in the most critical loss of total mining system. For freehanging riser (FHR), the axial vibration and local bending of riser may produce acute stresses, in the meanwhile, vortex-induced vibration (VIV) in relative current, friction and collisions of solid particles with inner-wall, and material corrosion in seawater are representative causes of chronic stresses. The chronical stresses bring about fatigue failure or abrupt failure by material loss. Hydraulic lifting is effective and promising for transportation of minerals, however, ecofriendly treatment of operating seawater is an unease hurdle to come over. Sizing of riser section confronts multi-directional problems, i.e. safety of slurry transportation (flow assurance), material safety of riser (wall thickness), seawater treatment on board, etc.A free-standing riser (FSR) might exclude a part of design problems of free-hanging riser and give a way to sustainable mining. FSR stands vertically by means of sub-buoyancy part(s). The top of FSR emerges above sea surface and is connected with mining platform through jumper line (supported by external yoke). Total amount of sub-buoyancy and location(s) have to be carefully determined in viewpoints of dynamics of FSI (fluidstructure interaction) in waves and currents. The concept of FSR gives more freedom for design of multi-functional riser system in view of sustainability of DSM. In DSM, sustainability concept may be focused on eco-friendly treatment of seawater and sediment, and safety of total mining system. For feasibility of FSR, however, installation, maintenance and repair need to be investigated thoroughly in collaboration with industry experts"

Jan 1, 2017

By Edward A. Barrett, Kathleen M. Kowalski-Trakofler

This paper discusses the application of a training intervention that uses degraded images for improving the hazard recognition skills of miners. Method: NIOSH researchers, in an extensive literature review, identified fundamental psychological principles on perception that may be employed to enhance the ability of miners to recognize and respond to hazards in their dangerous work environment. Three studies were conducted to evaluate the effectiveness of the degraded image training intervention. A model of hazard recognition was developed to guide the study. Results: In the first study, miners from Pennsylvania, West Virginia and Alabama, who were taught with the aid of degraded images, scored significantly better on follow—up hazard recognition performance measures than those trained using traditional instructional methodologies. The second and third studies investigated the effectiveness of the training intervention at two mining companies. Data collected over a3—year period showed that lost—time injuries at mines in Alabama and Illinois declined soon after the training intervention was instituted. Impact on Industry: Further exploration of the hazard recognition model and the development of other interventions based on the model could support the validity of the steps in the hazard recognition model.

By Chen L. Lin

Scientific visualization is an ideal methodology for investigating complex phenomena that are characterized by large amounts of data. Furthermore, it is invaluable in the study of processes that evolve in time. Scientific visualization relies heavily on computer graphics, image processing and video technologies. Specific applications of scientific visualization in the minerals and materials processing fields that are considered in this paper include: 1) applied CT technology for multiphase materials and minerals, 2) time averaged density profla in air- sparged hydrocyclone (ASH) flotation and 3) dynamic motion analysis of ball mill grinding.

Jan 1, 1993

Project approvals are the key mechanism to balance the environmental, social and economic aspects of a project. The assessment approaches vary significantly between states, with some having a strong emphasis on social, economic and environment, while others focus primarily on the environmental issues. There are a number of approaches which proponents and governments should consider which not only deliver better project outcomes, but can save proponents time and resources in delivering the project.   These approaches are not new but are often poorly implemented. This paper considers a number of these approaches and outlines the benefits they bring.

Jun 1, 2010

By B. M. Larsen

NEVER having actually tried to engage in the systematic education of anyone, and having little direct knowledge of the practical problems and limitations in the field of education, I can pose only as a "nonexpert" in this field, one whose ideas are to be regarded as personal opinions. The necessity for compromise between educational ideals and the practical limitations of time, money, and mental capacities of both student and teacher is evident in the preparation of an end product that we may regard with a reasonable degree of conviction as a professional engineer. We need to do so many things. The engineering student must have a clear understanding of the basic sciences; he should develop manual skills and co-ordination; he should speak and write the language with simple clarity and directness; he should gather knowledge of a special field; and, he should be educated for living in a broad ..

Jan 1, 1948