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By S. Angioletti

This paper addresses strategic investment decisions when they are nested in a project development format where each project is implemented in phases and each phase is approved to move on to the next phase only if certain technical and economic requirements are met. This configuration is sometimes referred to as a ?Project Portfolio?. Mining companies maintain project portfolios in their exploration investment plan. This study proposes a procedure to best manage an exploration project portfolio including technical and economic uncertainties. The procedure may support decision makers in a simple and intuitive way, while maintaining the rigor and precision required by the rather large amount of financial resources typically called for by mining projects. The procedure was tested in a real case study of a gold mining company and its exploration projects portfolio. The procedure uses the following approaches: i) investment valuation methods under technical and market uncertainties based on Option Pricing Model, Real Option Theory and Option Space; ii) portfolio management and Stage Gate®1 method; iii) Monte Carlo simulation.

Jan 1, 2010

By D. R. Babich, E. R. Bauer

National Institute for Occupational Safety and Health (NIOSH) researchers are conducting a cross-sectional survey of equipment noise and worker noise exposures in the mining industry. Surface and underground limestone is one commodity recently surveyed. The sound levels of mining and processing equipment were recorded to identify noise sources. Full-shift worker noise exposures were completed to determine the exposure of various occupations. This paper presents the results of the noise research conducted in both underground and surface limestone mines, detailing the equipment likely to cause worker overexposures, and the occupations experiencing overexposures. Implications for worker noise exposure reduction are also reported.

By Richard N. Spencer

"El surgimiento de los laboratorios combinados del Banco Minero del Perú en la industria minera facilitó las investigaciones y tratamientos en la composición de los minerales. Por tal motivo, el objeto del presente texto es remarcar la función del laboratorio químico del Banco Minero del Perú, en tanto le suministre información analítica y compleja sobre el campo mineral inorgánico, asi como garantice los resultados analíticos uniformes con la más alta calidad. Asimismo la disposición de dicha entidad química, abarca las compras del Banco Minero, plantas de beneficio del Banco Minero y el control químico requerido por las nuevas unidades de los laboratorios Metalúrgico y Petrográfico que son parte integrante de este Laboratorio Central. En este punto,el laboratorio petrográfico, como fuente permanente de información básica ayuda al geólogo o metalurgista y planifica mejor la función del laboratorio central, mientras que el metalúrgico, desarrolla pruebas de molienda de minerales, flotación mecánica y no mecánica, y pruebas de concentración por gravedad. Posteriormente están las secciones de recepción, trituración y muestreo del laboratorio, las cuales se componen del departamento de trituración, departamento de muestreo y departamento de archivo, respectivamente. Finalmente, este equipo de laboratorio, cuenta con un laboratorio de Microscopia, de preparación de muestras para el examen microscópico yde ensayos especiales, que en conjunto permiten un mejor tratamiento y descripción sobre los minerales a investigar."

Jul 20, 1956

Despite two large projects represented in the keynote docket, the mood of the 2011 SME Arizona Conference was summed up best by Ferol Baker, general manager of New Mexico Copper Corp. (a wholly owned subsidiary of Themac Resources Group), ?In the past, it seemed like you couldn?t go to a conference like this without hearing about one big new greenfield project after another. Now what you see is companies doing internal expansion or small-scale brownfield development.? Overall, the tone of this year?s meeting, held at the J.W. Marriott Resort at Starr Pass in Tucson, AZ, was upbeat, yet practical. From the keynote and luncheon addresses to the six panels of sessions, the projects described were positive about the future, yet focused on the details required to make those projects come to fruition.

Jan 1, 2012

By Geoffrey C. Hebner

Augered, cast-in-place piles (ACIP) have become a very common foundation type in Atlanta and the Southern Piedmont Province as well as much of the United States in the past 20 years. Prior to the introduction of ACIP foundations in Atlanta, the most common deep foundation type was Raymond piles. Raymond piles are basically a driven, thin-walled step-tapered steel pile filled with concrete. Drilled piers were also relatively common and continue to be used, particularly in shallow bedrock or high column load situations. Driven piles, including pipes, H-sections, and timber piles were previously common with working loads typically in the 30 to 50-ton range. Initially, ACIP foundations had similar allowable capacities, however, over time improvements in installation techniques and equipment have resulted in an increase in allowable ACIP capacities. Correspondingly, they have become a more cost-effective and trusted foundation for geotechnical and structural engineers. Over the next several decades many other deep foundation alternatives began to lose popularity. ACIP are one of the predominant deep foundations in Atlanta and the Southern Piedmont today. Although ACIP foundations have widespread popularity in the private sector, they have not been readily accepted currently by government transportation agencies. ACIP may be used by some of the smaller municipalities, but to the author's knowledge, have not been used with regularity by larger, state agencies.

Jan 1, 2003

By Jorge Ganoza

Hay varios ejemplos recientes de proyectos que no han llegado a los niveles de producción o a los resultados del modelo financiero desarrollado durante el estudio de factibilidad. Las personas responsables de decidir la inversión en los proyectos deben poder percibir los problemas potenciales y los grandes riesgos, cuando hay decisiones mal tomadas en el estudio de factibilidad y en la etapa de construcción inicial. Si bien es cierto que no hay diseño de ingeniería perfecto, los problemas pueden evitarse si —tal como propone este artículo— se siguen las etapas de estudio necesarias, desde la toma de muestras hasta la ejecución e interpretación de los resultados de las pruebas metalúrgicas.

Nov 30, 2018

By S. J. Aresco

The Bureau of Mines has been active in promoting the purchase of coal for Government use under specifications that define the requirements in terms of heating value of the coal, expressed in British thermal units, and the composition as shown by proximate analyses. To these, when required, are added the ash-softening temperature, the free-swelling index, and the Hardgrove grindablity index. Under most of these specification contracts the bidders guarantee the quality of the coal, and that guaranteed by the successful bidder becomes the standard of his contract. The deliveries are sampled in accordance with instructions3 issued by the Bureau of Mines; the samples are analyzed in the Bureau laboratory to determine whether the coal is of the quality guaranteed by the contractor; if it is not, a price adjustment is made. Analyses of the delivered coal and tipple samples (samples collected at mine tipples as coal is being loaded into railroad cars or trucks) provide valuable data for use in evaluating future bids. In addition, the continuous of coal as delivered is a check on the practical results obtained in the coal.

Jan 1, 1967

By C. A. Brown

"Steady-state simulation has been used for over 20 years to optimise the operation of crushing and grinding circuits. Throughout that period continuing comminution research has been the basis for improving the models.Site surveys, ore characterisation, model development and investigation of different operating scenarios by simulation has proved to be a cost-effective method for improving plant performance. In this sense, this paper presents findings from experience with these valuable optimisation techniques with reference to specific case studies."

Sep 12, 2005

By Renzo Valdez

Si bien la minería formal es la actividad económica más importante en el Perú, sus proyectos son también los que más conflictos generan entre las compañías mineras y las comunidades campesinas. Este trabajo propone la obligatoriedad de regular el arbitraje de conciencia en los convenios comunitarios como mecanismo adecuado y alternativo de solución a esta clase de conflictos, de manera que se logre satisfacer a ambas partes y se permita el desarrollo de la actividad minera sin mayores pérdidas económicas.

Sep 20, 2019

By J. C. Edwards, C. C. Hwang

In ventilated tunnel fires, smoke and hot combustion products may form a layer near the ceiling and flow in the direction opposite to the ventilation stream. The existence of this reverse stratified flow has an important bearing on fire fighting and evacuation of underground mine roadways, tunnels and building corridors. In the present study, conducted by the National Institute for Occupational Safety and Health, a CFD program (fire dynamics simulator) based on large eddy simulations (LES) is used to model floor-level fires in a ventilated tunnel. Specifically, the critical ventilation velocity that is just sufficient to prevent the formation of a reverse stratified layer is simulated for two tunnels of different size. The computer code is verified by checking the computed velocity profile against experimental measurements. The CFD results show the leveling-off of the critical ventilation velocity as the heat release rate surpasses a certain value. At this critical ventilation, the ceiling temperature above the fire reaches a maximum for both tunnels. The velocity leveling-off can be explained from this observation. An extended correlation of Newman (Combust. Flame 57 (1984) 33) is applied to the temperature profiles obtained by CFD. At the critical ventilation, temperature stratification exists downstream from the fire. The computed critical ventilation velocity shows fair agreement with available experimental data taken from both horizontal and inclined fire tunnels. The CFD simulations indicate that the Froude modeling is an approximation for tunnel fires. The Froude-scaling law does not apply to two geometrically similar fire tunnels. The CFD results are compared with two simple theories of critical ventilation by Kennedy et al. (ASHRAE Trans. Res. 102(2) (1996) 40) and Kunsch

By William Butler

El presente texto describe las oportunidades que tienen las naciones menos desarrolladas para un progreso en el campo de los recursos naturales. Para ello, se revisan los inconvenientes ocurridos en el manejo de recursos minerales tales como: los mercados mundiales tienen un sobreabastecimiento que son pocas las probabilidades de ingresos por exportación, la inestabilidad de los precios no permite basar la economía de la nación sobre su riqueza minera, la explotación de los recursos, reduce la riqueza de la nación, los beneficios que puedan obtenerse como resultado de una mayor eficiencia en la producción minera en los países menos desarrollados, se vuelca a favor de las zonas industriales. Por lo tanto, no hay mayor esperanza para aquellos países en propender a una mejor explotación de los minerales. En ese sentido, aquellas naciones que buscan un rápido desarrollo económico, deben buscar un manejo adecuado de sus recursos y así asegurar una fuente de ingresos en divisas extranjeras que les permitirá financiar las importaciones necesarias para su crecimiento y, a la vez, acrecentar sus conocimientos técnicos, como el bienestar de un sector importante de su población.

Jan 1, 1966

The Century zinc-lead-silver deposit has a geological resource of 118 million tonnes averaging 10.2% zinc, 1.5% lead and 36 g/t silver. It lies approximately 250 krn NNW of Mt Isa in NW Queensland, Australia, and is hosted by middle Proterozoic age siltstones and shales of the Lawn Hill Formation. Within the orebody, most mineralisation occurs selectively within black shale units as fine grained sphalerite and galena lamellae with minor pyrite and siderite. The black shale units are separated by weakly mineralised sideritic siltstone horizons. The deposit is unmetamorphosed and only weakly deformed, displaying excellent lateral stratigraphic and grade continuity. The deposit is mostly overlain by younger Proterozoic sediments and later Cambrian age limestone cover and only a small proportion of the mineralisation crops out. Mineralisation has a subtle surface expression without a classic gossan profile, probably due to the low iron sulphide content of the ore. These factors contributed materially to the length of time between the first recognition of lead-zinc-silver mineralisation in the area by prospectors in the 1880s, to the discovery of the orebody by CRA Exploration Pty Ltd (CRAE) in April 1990.   Small scale prospecting and mining continued in the area from the date of the first mining lease in 1887. Post 1950, the deposit area was also included within nine separate regional exploration titles prior to CRAE's title acquisition in 1987. CRAE's original exploration strategy was partly pragmatically and partly conceptually inspired, but the eventual discovery only partly conformed to the original conceptual model. The deposit was found higher in the stratigraphy than the original target position, with unexpectedly low total sulphide content relative to other known deposits.   The discovery soil anomaly was located by the CRAE's first regional orientation traverse line in the area, but was not drill tested for three years. The discovery sequence at Century has strong elements of persistence, technical competence and some luck. It demonstrates that even in well explored terrains (by conventional standards) the exploration story can never be said to be over. The foreshadowed development of an economic resource at Century will hopefully inspire continued commitment to 'brownfields' exploration by mining companies, and demonstrate to external regulators the importance of genuine multiple land use strategies and the need for continued access to land for exploration and mining purposes.

Jan 1, 1995

By Reeves M

A review of the literature available in English on kriging and geostatistics is given with the references cross-classified by their subject matter for convenience and ease of use.

Jan 1, 1979

This report summarizes the results of a research project entitled "Fatal Accident Data Base Development." This project is the last project under Contract No. S0110601. Volumes I and 1I, "Industrial Engineering Study of Hazards Associated with Underground Coat Mine Production," summarize the original industrial engineering project and the Fatal Accident Report Analysis project. These projects were completed and accepted by the U.S. Bureau of Mines on December 10, 1971. Both volumes of the report have been made available by the Bureau to the public through the U. S. Department of Commerce technical information service. Another project under the same con tract, entitled "Equipment Operations Safety Study, ' was completed in January 1972 and the report was accepted by the U. S. B. M. at that time. The analysis in this Natal Accident. Data Lose Development report is closely related to analysis in both of the earlier reports. The original project involved an industrial engineering and safety of production operations for a representative sample of underground bituminous coal mines. The contactor was required to make recommendations 'in work practices, mining methods, equipment, and safety practices which can effectively reduce the fatality rate from rib and roof falls.' (Longwall mining methods were excluded from the study.) Time study and work element analyses were performed in over 50 mines as part of the field data gathering effort. Another requirement of the study was to develop sets of multiflow. Process charts, which are diagrammatic illustrations of the time-related interaction of mining, cycle job elements.

Jan 1, 1972

This paper reviews the technical advice available to support companies in the delivery of social aspects of sustainable development. It will draw on diverse experience from the sparsely populated plains of the Central African Republic, one of the poorest countries in the world, to the densely populated villages of the Carpathian Mountains in Slovakia. It will review basic requirements for the consideration of social issues, as well as guidance on international best practice. It will review: the legal basis; coverage; consideration of alternatives; scope; inclusive decision-making; indicator development; impact monitoring and evaluation. The paper will discuss the breadth and depth of social issues for consideration, including the realms of responsibility of a company in terms of social development in different operating environments. The extractive industries invest substantial amounts of money which typically dwarfs local development, health or education budgets. Capacity building for local authorities is not directly the role of the company, but when understood as a strategy for risk management, it can play a vital part of sustainable development that benefits the local community and reduces the risk of social problems impacting profits. The paper will argue that social impact assessment is most effective when the outcomes are in line with a company?s principles and support core business practices. It is important that social impact assessment is viewed as an integral part of project decision-making and moves away from mistrusted PR and unsustainable philanthropy toward partnership, which finds suitable and appropriate solutions delivering ?win-win? outcomes. While development should not be seen as a direct company objective, engaging with development actors to better understand the operating context can ensure that social investment complements existing initiatives. The paper will also present different mechanisms for engaging with local actors, as well as developing successful social programmes.

Jan 1, 2007

By J. Gawler

In June 2005 the Minerals Council of Australia signed a Memorandum of Understanding (MoU) with the Australian Government which states an intention ?for mining companies and government to work together with Indigenous people to build sustainable, prosperous communities in which individuals can create and take up social, employment and business opportunities in mining regions?. Implementation of the MoU has begun with demonstration sites established across Australia. All sites are using a Regional Partnership Agreement (RPA) model as a framework for enabling local people to find local solutions to local issues in partnership with mining companies, governments and Indigenous communities. Mining and resources companies can provide important input into regional economic development and capacity building by working through local partnerships. Company benefits include gaining a social licence to operate, access to a reliable skilled workforce, better longterm relationships with Indigenous communities and sustainable regional communities. All levels of government, Australian, State and Local, are working collaboratively to address unemployment and other issues in remote Indigenous communities. The Australian Government has adopted RPAs as one mechanism for implementing its whole-of-government approach to Indigenous affairs. This leading edge work is unique to Australia and the model has applications and significant learning for other countries and industries.

Jan 1, 2007

By Yao Yevenyo Ziggah, Victor Amoako Temeng, Solomon Evans Kweku Koomson

Tyre hours/life deficit is a major operational challenge facing the mining industry which adversely affects materials production and costs. An accurate forecast of the tyre life is key in addressing this menace. This study for the first time employed the hybrid intelligent technique by utilising three metaheuristic optimisation algorithms, including particle swarm optimisation (PSO), genetic algorithm (GA), and whale optimisation algorithm (WOA), as trainers for the parametric weights and biases to optimise multilayer perceptron neural network (MLPNN) for enhancing prediction of on-site dump truck tyre life in the mine. Four hybrid models known as PSO-MLPNN, WOA-MLPNN, GA-MLPNN, and BP-MLPNN were developed using a total of 157 tyre dataset records obtained from a surface mine in Ghana. In assessing the prediction performances for the models developed, five statistical performance metrics of variance accounted for (VAF), Nash–Sutcliffe efficiency index (NASH), coefficient of determination (r2), mean absolute percentage error (MAPE), and correlation coefficient (r) were utilised. Moreover, ranking, uncertainty analysis and Bayesian information criterion (BIC) techniques were utilised to establish the most effective hybrid model, whereas sensitivity analysis was conducted on the input parameters. Results achieved showed that PSO-MLPNN was the best for prediction because it had the least MAPE value of 1.196% and relatively high values of VAF (99.642%), NASH (0.996), r2 (0.996), and r (0.998). Besides, PSO-MLPNN had the best selection criteria values of 6, 7.1725, and 444.834 for the ranking, uncertainty analysis and BIC respectively. Hence, PSO-MLPNN is recommended for the prediction of on-site dump truck tyre life for the studied mine.

Mar 11, 2024

By John F. Abel

Personal gain seems to be the most powerful incentive to economic progress. One of my first exposures to this phenomenon was the comparison between company stopes and leaser's stopes in a vein gold mine. The company stopes were 4 to 6 ft wide, whereas the leaser's stopes were so narrow that in some places one could not turn around. The company leased only that ground it felt was marginal to mine with day's- pay miners, but by skillful, careful and energetic mining, the leasers managed in most cases to make money for themselves and the company. The Hurting Truth This capitalist system, which puts a premium on successful risk taking, is under attack. Not that it hasn't been under attack all along. What hurts and angers us at this time is that the attack comes from the children of the system-its youth. Such blasphemy should, of course, be eradicated, root and branch. Or should it? Are we hurt in part because some of the things they say are true?

Jan 1, 1970

By Mark L. Chatman

The U.S. Bureau of Mines studied mineral resources of the Dragoon Mountains Unit, Coronado National Forest (54,264 ac), Cochise County, AZ. This study involves literature and field investigations with a focus on mine and prospect sites, which were inventoried and mapped; maps are contained in this report. Rock-chip samples were taken from mineralized zones and from some mine dumps; assays of the 477 samples are in appendixes. Mineral deposits are genetically and spatially related to Tertiary-age granitic intrusive activity. Most metallic mineral deposits are also strongly fault-controlled. Colored marble resources (270,000 st) are valued at approximately $6.5 million, if all were to be developed and sold as landscaping material in the form of-marble chips. However, with current demand, it is unlikely that regional markets could absorb all this material. Economic modeling of copper-zinc-silver skarns suggests none would be profitable to mine and capitalize at early 1993 commodity prices, mainly due to the small estimated size of the deposits (30,000 st to 40,000 st maximum). In the entire Unit, 140,000 st of inferred subeconomic skarn resources were estimated by USBM on five different skarn trends; measured subeconomic resources are negligible. Exploration by industry, 1992, was small-scale (on 2 skarn trends and 1 auriferous fault zone).

Jan 1, 1993

By S. R. Brown

A number of relatively recent factors associated with the design of new metallurgical processing plants have made the effective training of operators a requirement for a successful start-up. Some of these factors include large capital investment in a minimum of processing lines, highly complex process control systems, and stringent regulations on plant effluent, to name a few. More than ever, operating mistakes during the start-up phase can lead to substantial delays in achieving design production, as well as problems with government authorities if permit limits are exceeded. The only way to assure your return on plant investment is to ensure new plant operators have the knowledge to properly run the plant from the outset. A comprehensive set of operating manuals specifically targeted for plant operators and foreman, written by experienced operating personnel, is the only effective way to provide the necessary information for start-up-related training.

Jan 1, 1995