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The classic description of Project Finance as "the reliance by lenders on the cashflow of a project, supported by the assets of the project with no recourse to the project sponsor's corporate balance sheet" has, like most other terms in the finance industry, evolved through recent usage. The area now under most scrutiny is the sharing of risks between parties either most able to take them or prepared to accept payment for them. Creativity in, and flexibility of financing structures have enabled project lending to continue under a dramatically different economic outlook. The diminishing competitiveness of the Australian producers in a global market place of uncertain commodity prices has discouraged the advancement of many large scale resource projects. The majority of new project financings has been designed to assist the relatively small company promote and develop its first projects. New trends- are emerging in four areas: sources of capital; borrowing structure; financing instruments (securitisation); and risk underpinning. As project financing becomes more widely used, the range of interested financiers grows. New initiatives contribute to its development and evolution with a view to increase effectiveness to the sponsor of any new venture.

Jan 1, 1987

By J. E. Hoffman, T. J. Keefe, Michael E. Stout, O&apos

M.A. Industries, Inc. has developed and is now offering on a commercially available basis, complete systems to recover and recycle lead from spent SLI batteries. The system begins with the breaking and separation of the component parts of the batteries and subsequent treatment of the effluent water produced by this operation. The recyclable materials recovered from this process are metallic lead, lead paste and polypropylene. The lead paste is introduced into a process to convert it from a lead sulfate to a lead carbonate. The process also regenerates the salt solutions into reusable carbonate. The lead carbonate is then leached into an acid bath where it is later recovered by a proprietary electrolytic process. The metallic lead is recovered in a short rotary furnace producing metal for further refining and alloying. The polypropylene is further washed and then introduced to a reclaim extruder along with the proper modifiers and additives. The resulting resin can then be sold on the open market to injection molding processors. This complete system greatly reduces the amount of waste to be disposed of and completely complies with all applicable EPA guidelines.

Jan 1, 1993

By Hector M. Henao

There is an increasing trend in the copper smelters to recycle electronic materials, which contain relatively high concentration of precious metals. As a consequence, the amount of precious metals lost in the slag phase is increasing. To determine the portion of the precious metals chemically dissolved and that associated with the mechanically trapped matte in the slag will be a key factor to improve the recovery of those metals. Thus, an experimental study was carried out to determine the distribution of precious metals (Au, Pt, Pd, Rh, Ru) between the equilibrated copper matte and iron-silicate slag phases. The experiments were made in a magnesia crucible at 1573 K and a fixed partial pressure of SO2 of 0.1 atm for the matte grades between 40 and 70 mass% of copper. It was found that the distribution ratios (defined as mass% X in slag/mass% X in matte, where X represents the precious metal) are around 10-2 for Ru, 10-3 for Au, Pt and Pd and 10-4 for Rh. The distribution ratios show a tendency to increase when the grade of matte is increased.

Jan 1, 2006

The International Mining Convention held in Nelson, B; C., May 17 , to 19, was attended by nearly 500 delegates, of whom about 100 were from Spokane, 150 from the Slocan district, and the others from different points in Canada and the United States. Arrangements were in charge of the Nelson, Slocan and Eastern British Columbia Mining Men's Club, under the direction of Secretary Fred A. Starkey, assisted by the City of Nelson, Associated Boards of Trade of Eastern British Columbia and Nelson Board of Trade. The Columbia Section of the American Institute of Mining Engineers; cooperating with the Western Branch of the Canadian Mining Institute, provided the technical program, under the management of Secretary E. Jacobs, of Victoria, and Secretary L. K. Armstrong, of Spokane. Three technical sessions were held, at which the following were read: Difficulties of the Electrolytic Zinc Process, by Thomas French. Sketch of the Geology and Ore Deposits of Nelson and Kootenay Region, by Arthur Lake's. Advantages of Local Organization of National Societies, by W. H. Linney. Review of Kootenay Mining, by Bruce White. Milling of Partially Oxidized Ores, by S. S. Fowler.

Jan 7, 1917

By K Schiefelbein, P OÆGrady, R Balusu, T Ren, T Harvey

"An extensive research program has been undertaken over recent years to reduce the risk of fires and explosions in underground coal mines. The research projects have integrated extensive field studies and computational fluid dynamics (CFD) models of goaf gas flow behaviour to develop optimum proactive strategies to prevent and control spontaneous combustion and fires ingoaf areas. The research has developed a fundamental understanding of the air and gas flowbehaviour in goaf areas and provided a detailed understanding of the eff ects of various geological,ventilation, operational and inertisation design parameters on goaf gas distribution. The researchinvestigations have also provided a better understanding of the flow behaviour of gases from the heating in the goaf areas and the effect of various gas and spontaneous combustion controltechnologies and strategies. Field studies conducted at a number of underground coal mines have shown that the proactive strategies were successful in reducing oxygen ingress into the goaf areas and in reducing the risk of fires and explosions in the underground coal mines. The results of various research investigations and guidelines for reducing the risk of fires and explosions in underground coal mines are presented in this paper."

Jun 1, 2012

By James J. Brady, James S. Lewis, Robert B. Gordon, Jimmy W. Honeycutt

INTRODUCTION Tunnel construction has always been an extremely high risk form of contracting primarily due to the inaccessability of information concerning the ground conditions to be encountered during excavation. We certainly make every effort to overcome this problem through borings, geological research, site visits, etc.; but at best owners, engineers and contractors alike are only able to interpolate a relatively small amount of factual data from isolated sections of the project into a forecast of ground conditions for the entire project. In essence this becomes an "educated guessing game" with risk to reward ratios (and subsequently the bid price) in direct relationship to the contractor's confidence in the quality of the guess. In many instances it is economically or physically infeasible to obtain information and of course the total picture is never known until the project is complete. This problem effects the contract format as well as price. The contractor's ability to handle unforseen problems on the project become extremely important as to the project's overall success. The following pages contain an actual case history of a project which affords an excellent example of the entire spectrum of situations resulting from tunnel construction in difficult ground conditions.

Jan 1, 1983

By M. Al-Hilal, G. Rajja, A. Al-Ali, Y. Jubeli

Abstract -A radiometric survey was carried out over clastic sediments in the immediate vicinity of some phosphatic sediments of Cretaceous age in the Wadi Qasser Al-Hallabat basin of central Syria. The objective was to explore for uranium and to define its dispersion pattern. This was based on ground radiometric surveys and geological studies. All ground surveys (using radon emanometry, track etching, gamma-ray survey and geochemistry) gave similar results, outlining the locations of the radioactive phosphatic formations in the basin, and indicating the dispersion pattern of uranium in the clastic sediments in the surrounding area. The dispersal of uranium from upper Cretaceous phosphatic formation occurs by mechanical weathering and chemical leaching by oxidizing surface waters. A rough estimate is that about one-third of the original uranium content of the Cretaceous sediments has been dispersed. Mechanical erosion is responsible for the main part of this released uranium, which now occurs in Recent sediments. However, the occurrences of spotty secondary U mineralization indicates that another small part of the available uranium must have been chemically leached out by the prevailing oxidizing waters, forming minor surficial minerals.

Jan 1, 1998

By Nicholas J. Grant, Ulf Kalling, John Chipman

D. E. Babcock (Republic Steel Corp., Youngstown, Ohio)—I would like to know what evidence you have to prove the MnO was pure MnO. I would also like to know whether you might not explain it on the basis of a temperature reversion; and, was it due to the oxidizing power of MnO? N. J. Grant (authors' reply)—Briefly, we have no proof that pure MnO was used. The manganese oxide was added as chemically pure MnO,. MnO is assumed as the oxide in the reacted slag following standard molecular slag theories, especially under the reducing conditions of these experiments. The noted sulphur reversion cannot by any means be explained on the basis of a temperature reversion since the temperature effect is shown in this paper to be very small. Until a more logical explanation can be offered, backed I hope by some experimental proof, we propose to explain this sulphur reversion as stated in the paper, namely, that it is due to the oxidizing effect of the added manganese oxide. Member—How did the oxygen in the slag give you a reversion of sulphur? What was the mechanism there?

Jan 1, 1952

By Karl J. Ellefsen

A geophysical investigation can provide valuable geologic information needed to characterize sand-and- gravel deposits and can be an attractive complement to more common characterization methods such as drilling. Although such investigations have been conducted already, a comparison of the different geophysical methods used in these investigations apparently has never been done. For this reason, a study was initiated by the Mineral Resources Program of the U.S. Geological Survey to determine the advantages and the limitations of different geophysical methods when used to evaluate alluvial sand-and-gravel deposits. The study is focused on those geophysical methods that are commonly available, because these are most likely to be used by industry. Furthermore, the study is focused on surface geophysical methods. Heretofore, four different methods have been evaluated. Three of the four methods-time-domain electro-magnetic (TEM) soundings, frequency-domain electro-magnetic profiling, DC-resistivity soundings-are similar in that they all measure the electrical resistivity of the ground with depth. Ground-penetrating radar, however, maps changes in the dielectric permittivity and for the electrical resistivity with depth. For all, four methods, the objective is to relate the measured physical quantity to the stratigraphy of the alluvial sediments.

Jan 1, 1999

By Misra M., P. Grimes, Chen. S.

The combustion of petroleum products produces emissions which contain oxides of nitrogen (NOx), hydrocarbons (HC), and particulate matter (PM) which have adverse health and environmental effects. In recent years there has been increasing interest in the use of water-fie1 emulsions as a substitute for conventional fuels. Emulsified fuels are emulsions of water in fuel, which are typically made of 10 to 20 percent of water mired with certain additives and fuel. Studies have shown that the emulsified diesel can significantly reduce the emissions of NO, PM and car- bon monoxide and increase the fuel efficiency. In order to produce a stable diesel emulsion, the development of an effective surfactant additive is critical. The stability of diesel emulsions is influenced by many factors, including size distribution of the droplets, the viscosity of the continuous phase, the physical properties of the interfacial film, and temperature. This paper describes a method to produce emulsified diesel and combustion results obtained from various tests. It has been found that the diesel emulsion made with this additive package was stable during the test, and the emissions were lower in NO, CO, and PM compared to the baseline diesel.

Jan 1, 2005

By Zhang Dekuan, Wang Haifeng, Yi Weiping, Wan Liping, Yu Yunzhen

The fundamentals of domain knowledge, knowledge base building, system structure, principle of inference mechanism, function of explanation mechanism, application analysis on Expert System of In-situ Leaching of Uranium (ESILU) are described, especially the Dempster/Shafer theory on inexact reasoning, which was used in ESILU, is detailed discussed. The application of in-situ leaching for abstraction of uranium and the analysis of parameters required for evaluation of uranium deposit. the procedure of evaluation of uranium dewsit for the purpose of in-situ leaching as well as the concept related were introduced. For building knowledge base, discussion is emphasized on production rule, which wasused in ESILU, on representation of rules and facts and application as well. From the system menu provided in the paper, the readers will, in a certain content, under- stand the functions of system structure and the way to set up. Several paragraphs are written concentrated on the procedure of backward reasoning and the principle of inference mechanisms combined with knowledge bases. Tracing interpretation and acquisition of knowledge with interactive method, which the system flexibility is considerably strengthened, are the main specific features of ESILU.

Jan 1, 1996

By Laszlo Valentyik, John T. Patton

A conventional heavy-media separation process utilizes a mixture of finely ground solids like magnetite, ferrosilicon, or shale and water. The always-present clay in the medium acts as a stabilizing agent since the coarse heavy-media solids would quickly sink if they were mixed only in water. As the pseudoplastic nature of polymer solutions has excellent suspending properties, laboratory investigations were conducted at the Institute of Mineral Research on whether polymers could be used as suspending agents for finely ground heavy media. The preliminary results (published previously) of the laboratory research studies have shown that sufficient stabilities of heavy media can be obtained at a relatively low polymer concentration. This paper is a continuation of the previous work and it presents some of the results of recent studies where the rheological properties of the heavy-media suspensions were studied in a newly developed settling tube and the already familiar concentric-cylinder-type consistometer. In the investigations bentonites as a stabilizing agent also were included so that comparative results would be available to the plant engineer to assist him in the choice of the most suitable material for stabilizing various heavy media.

Jan 1, 1977

By A. L. DeVegt, H. G. Bayer, C. J. Buisman

During the last ten years, Paques Inc. has been engaged in the development and installation of treatment systems to remove sulfur compounds from water and gaseous streams using biotechnological processes. Metal and sulfate can be removed from mine waters in two biological steps. In the first step, sulfate-reducing bacteria converts sulfate to hydrogen sulfide (H2S). The HS reacts with the dissolved metals to form insoluble metal sulfide precipitates. In the second step, sulfide-oxidizing bacteria convert excess H2S to elemental sulfur. The Budelco Zinc Refinery in The Netherlands installed a groundwater treatment system to remove metals and sulfate using the biological steps described above. The system has been operating since May 1992 and has been treating 5,000 m3/d (180 thousand cu ft/day). A pilot plant began operation in November 1995 at Kennecott's Bingham Canyon Utah copper mine to develop processes for metal and sulfate removal from groundwater and for the selective copper recovery from leach water. The principle of the biotechnological methods, the full-scale experience and an overview of the test program at the mine are presented

Jan 1, 1999

By C. F. Jr. Park

HOG MOUNTAIN is in the north central part of Tallapoosa County, Alabama, about 13 miles northeast from Alexander City. The Hog Mountain Mining and Milling Co. controls 1658 acres of land and is the only company operating in the district. The principal mine workings are in sections 10 and 15, T.24N., R.22E. The region has been visited by geologists many times, has been briefly described in several papers,1 and mentioned in many others. No detailed map of the mine or vicinity has been published. The field work for this report was started in March, 1934, as part of the Public Works reemployment program. About a month and a half was spent mapping both the surface and underground geology. The mine owners and operators have cooperated in every way possible to facilitate the work. N. 0. Johnson, the mine engineer, E. W. Ells-worth, J. E. McCoy and J. G. Englebert have acted as assistants for part of the work. The University of Alabama and the State Geologist's office have aided materially by permitting free use of their libraries and laboratory equipment.

Jan 1, 1935

By Bruce C. Smart

"Very little attention was given to the regulation of uranium mills by the Atomic Energy Control Board prior to 1974. The ore grade treated by Canadian mills in the past was in the order of 0.08 - 0.3% U and it was not difficult to keep the exposure of workers well below regulatory limits. Furthermore, uranium milling has also been substantially free of occupational illness because environmental control has been generally satisfactory (l).The discovery of higher grade ore bodies in Canada has resulted in higher radiation levels in one mill and this has partly contributed to a need for increased radiation monitoring in the mill. In addition, as greater insight is gained on the effects of radiation, the implementation of the ALARA principle is being stressed at all mills.The concept of ALARA was emphasized by the ICRP (International Committee for Radiological Protection) in 1977 and stands for '""as low as reasonably achievable'"". It is based on the premise that no proven threshold for potential effects of radiation exists and that the actual individual exposure should therefore be kept as far below the regulatory limit as possible, economic and social factors being taken into account."

Jan 1, 1982

By AIME AIME

THE annual session for the election of officers and transaction of other official business of the Institute, which must be held, in accordance with the By-Laws, in New York on the third Tuesday in February, was the only session scheduled for the morning of Feb. 19. Many members gathered in the auditorium at 10 o'clock, and President George Otis Smith presided. He said that his report was best set forth in the reports of the other officers and committees, which were avail-able in printed form. Productive activity had characterized the Institute's year and a number of new ventures had been successful. He felt that he had "rattled around" in the office of president, as he had traveled some 39,000 miles during the year in visiting the various Sections, having visited everyone that had held a meeting during his term of office. He spoke of the educational effect on a president of these broad contacts and suggested that a three-year course would be even more enlightening than one.

Jan 1, 1929

By Robert F. Griffith

In 1948 when the U.S. Bureau of Mines began the investigation of domestic monazite placers for the Atomic Energy Commission, deposits of this type amenable to large-scale operations were unknown in the U. S. Intensive search for such deposits had not been carried out in the past. Problems to be met included scarcity of men with placer experience and need for development of new exploration, evaluation, and analytical procedures. As a result of the exploration program three dredges have gone into operation in one area in Idaho and another dredge is operating in South Carolina. Search for Deposits In the search for areas to be investigated for monazite, the first step was a thorough study of all available literature reporting occurrences of the mineral. Initial work was guided largely by many reconnaissance reports prepared by the U. S. Geo- logical Survey and the AEC. As the work progressed many new deposits, not mentioned in the literature, were called to the attention of USBM engineers by prospectors who had noted the presence of the yellow, heavy sand while prospecting for placer gold. Every prospector was given an attentive ear.

Oct 1, 1955

By Charles L. Karr

Grinding is a necessary component in the processing of a number of minerals, and improvements in this area could provide substantial cost savings for the minerals industry. Optimizing the process of grinding, however, is a difficult task because there are multiple objectives; i.e., several aspects of the process are important including the fineness of the ground product, the energy consumed in the process, and the viscosity characteristics of the final slurry. Genetic algorithms (GAs) are search algorithms based on the mechanics of natural genetics and have been proven capable of solving multiple objective optimization problems. These robust search techniques are able to rapidly locate near-optimum solutions across a broad spectrum of very difficult optimization problems. In this paper, two varieties of GA are used to optimize a grinding process as it is described by a computer model: (1) a simple genetic algorithm (SGA) and (2) a micro genetic algorithm (MGA). The performance of these techniques is compared to the performance of a more conventional search technique, a simplex algorithm. Results indicate that the GAs are efficient, versatile, quite capable of improving the grinding process, and easily incorporated into the toolbox of today's process engineer.

Jan 1, 1993

By Henry Knox

AMIDST the tumult and the shouting of the times, there are perceptible certain tendencies, quiet though serious, to take stock of the situation with a view to putting our house in order, and of these none is more encouraging than the awakening, interest in the higher education, and especially in technical education. Various committees of the professional organizations have cast much light on the matter and have pointed the way to progress and reform, but their scope is necessarily restricted by the requirements of precision and any excursion beyond these bounds must be undertaken by the unfettered individual who is free to rush in where responsible committees fear to tread. A discussion of the bearing of the higher education on character scarcely lends itself to objective treatment and yet, fraught as it is with imponderables and abstractions, the theme cannot be escaped in any com-prehensive scheme of education. The question is being pressed with growing insist-ence, why these United States, relatively to Europe, are deficient in intellectual output, and the ready reply, "Because America is a new country and Americans are too intent on developing their natural resources," is too facile and too false to carry conviction.

Jan 12, 1922

By West Coast Staff

Attention to the design of facilities for drainage, of both surface water and seepage, made it possible to attain, for a qam impounding residues from a concentrating mill, a more stable sand wall which can eventually be carried to a greater height.EXPERIENCE WITH No. 1 DAMResidue from the lead zinc concentrating mill, which treats the ore from the Rosebery and Hercules Mines, was pumped 3,600 ft. through a 5-in. diameter woodstave pipeline to the site of the dam. It was formerly delivered through a 4-in. steel pipeline.State laws prevent the residue being discharged to waste into the Stitt River. Furthermore, as a pyritic residue it is a potential source of sulphur.Between 1936 and 1956 more than 1,000,000 tons. of residue was paddocked. The run-of-mill product was roughly classified at the dam in a 6-ft. diameter cone classifier and the sand fraction was pumped by a 3-in. pump to the front wall of the dam across a shallow valley. The overflow gravitated to the rear of the dam (Fig. 1). Typical sizings were:

Jan 1, 1958