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By P Mugebe, M Yahyaei, M S. Kizil, R Low

This paper seeks to establish an empirical relationship between the impact of mining technological innovation implementation and a company’s market value. The company’s market value is represented by its stock price. In a bid to ascertain the relationship, a stock price prediction model is sought to be established using the firm-specific factors impacted by the implementation of innovative technology. This work is performed under the watch of the prevailing macroeconomic factors. The background anchors in the understanding that the difference between the economic status of a mineral deposit and its uneconomic status lies in the level of mining technological innovation most prevalent at a given time (Hartwick, Olewiler and Preuss, 1986; Wellmer and Scholz, 2017; Wright and Czelusta, 2003). This is derived from productivity improvement, resulting in sustainable profitability due to technological innovation. Unfortunately, there is not an adequately established relationship that links this technological innovation impact to the share price performance of the mineral commodity company.

Sep 1, 2024

By Lloyd C. J

The uranium markets are at present well covered by available producers. However the predicted increase in demand, recently reinforc- ed by the Arab oil crisis, will by, the early 1980s'outdistance supply. Current trends are towards light water reactors with-fast breeder reactors not expected to make any significant impact to the mid 1980s. The proposed lifting of the US embargo on the use of foreign uranium in US reactors will expand the market available to non US producers. A balancing in supply and demand worldwide will probably occur in the early 1980s. Australia's potential producers at present hold about 20 percent of the worlds U308 resources. Three companies, have contracts to supply nearly 10 900 tonnes of U308 between now and 1986 which represents about 1 percent of the predicted demand to 1986. Australian producers need to establish themselves more firmly in the market place in order that other countries will not replace us. Contracts can be written now which will allow for world market prices to be paid in the future, thus protecting the Australian producer.

Jan 1, 1974

By Robert A. Jankowski, Ellsworth R. Spencer, Jay F. Colinet

Longwall mining is the most productive method of under- ground coal mining in the United States (US.), and record levels of production have been reached in recent years. These ever-improving production levels have the potential to generate significantly higher quantities of respirable dust. Consequently, the longwall industry continues to struggle with controlling dust liberation and maintaining compliance with the federally-mandated respirable dust standard. In response, longwall operators have in- creased the application of primary dust controls, airflow and water flow, in an effort to improve respirable dust control and reduce worker exposure. Pittsburgh Research Center (PRC) personnel conducted dust surveys at 13 longwalls operating throughout the U.S. and collected information to: identify current operating practices on these longwalls, identify the types of dust controls in use, document the levels at which these controls are being applied, and measure the respirable dust levels present. This data was analyzed to quantify the dust levels generated by the major sources on the longwall section and to evaluate the relative effectiveness of the control technologies in use.

Jan 1, 1997

YUGOSLAVIA is one of the smaller countries in Europe-about twice the size of Pennsylvania -but one of the richest nations in variety and quantity of minerals on the Continent. The country, just now beginning the pangs of a real industrial birth, has a mining history that goes back as far as the sixth century, B. C. Among others, the Romans exploited Yugoslavia's lead and zinc deposits, and there was intensive mining during the Middle Ages. But until now, the country's industrial development was such that it made no great demand on the mining industry for development or expansion. Conversations with Yugoslavian officials in New York give the impression that they are interested in two things. They need money and they need trained engineers to solve their mining problems. Yugoslavia appears to be attempting to attract both foreign money and foreign technical skill. They want financial aid in the form of loans. The U. S. Government has given aid to Yugoslavia in the shape of armaments, foodstuffs, and equipment. Recently, American banks have advanced funds.

Jan 5, 1954

By W. M. Dressel, A. Visnapuu

The Bureau of Mines, U.S. Department of the Interior, has upgraded high-iron domestic chromite concentrate to high-chromium concentrate by a laboratory carbonyl process. The chromite concentrate product has a chromium-to-iron ratio in excess of 3:l compared with the starting concentrate ratio of 1.6:1. The high-iron chromite was first reduced to convert the iron oxides to the metal, and then treated with carbon monoxide at elevated pressures and low temperatures to convert the metallic iron fraction to iron pentacarbonyl. Carbonylation was accelerated by the addition of hydrogen sulfide in small quantities. A constant flow of carbon monoxide swept the iron pentacarbonyl formed in the reactor out through a pressure-reducing valve. The mixture of carbon monoxide and iron pentacarbonyl at atmospheric pressure was then passed through a heated section to decompose the iron pentacarbonyl to carbon monoxide and iron, whereupon the latter plated out on the heated surface. Carbon monoxide pressure, temperature, and promoter trends for enhanced carbonylation are presented.

Jan 1, 1984

By W. C. Joughin

A risk evaluation model has been developed that enables the quantification of expected injuries and economic losses resulting from rockfalls associated with a support system in a given geotechnical environment, which is described in Part I (Joughin et al., 2011b). Part II presents the validation of the risk evaluation model. Underground mapping of joints and rockfalls was carried out to provide data for field calibration of the model. This survey was limited to small rockfalls, due to the relatively short period of mapping. Therefore the model was also correlated with rockfall and rockfall injury data collected by mine personnel. The analyses showed that the model provides a reasonable estimate of the expected frequency and size of rockfalls and the frequency of rockfall injuries, but further work is required to enhance the model. Three case studies are presented, which show the benefits of improved support systems from both economic and safety perspectives. This work has demonstrated that the risk evaluation model and the software developed are immediately useful, but further work is required to develop and improve the tools.

Jan 1, 2012

By J. Abdollahisharif

Optimal cut-off grade is one of the most critical parameters in open-pit mine design because it defines the ore and waste and thus determines the maximum net present value possible from the mining operation. Although the algorithm presented by Lane (Choosing the optimum cut-off grade. Colorado school of Mines Quarterly, vol. 59, no. 4, 1964. pp. 811-829) is the most common one in the literature, it does assume constant capacities of the mine, processing, and refinery. In this paper, Lane's original algorithm has been modified to consider variable processing capacities in order to determine the optimal cut-off grade in open-pit mines. The new algorithm proposed here is compared to both Lane's original algorithm and to a previous modification that incorporated rehabilitation costs into the cut-off grade estimation. The algorithm proposed here that permits variable processing capacities is shown to be superior for the determination of optimal cut-off grade to both these previous versions. In addition, a computer-based program was developed in Microsoft Office Excel© to calculate the optimal cut-off grade as proposed here.

Jan 1, 2012

To reduce the possibility of injury to operators and damage to equipment caused by collision of mining vehicles during coal loading. Approach An energy-absorbing bumper was developed and tested underground on a continuous miner. How It Works The bumper, a long box-like weldment backed by five energy absorbers, is attached to a continuous mining machine by a hinge behind the cab. See Figure 1. When a shuttle car collides with the bumper, or when it is otherwise struck, the energy absorbers are compressed. This absorbs and dissipates part of the kinetic energy of the colliding vehicle, thereby reducing or eliminating its destructive effects. Each energy absorber consists of two chambers separated by a freely-moving piston. One chamber (Figure 2) contains hydraulic fluid. The second chamber contains a gas. When a collision causes the absorber to compress, the hydraulic fluid in the first chamber is forced past a metering pin and through an orifice. The hydraulic fluid then pushes against the piston, compressing the gas in the second chamber.

Jan 1, 1978

By G. S. Derrickson, R. A. Golobic

Any type of agitation within a confined vessel is primarily concerned with two parameters: a level of agitation describing the homogeneity of the constituents (whether it be suspension or mixing), and the energy efficiency with which this level of agitation is accomplished. The following is an attempt to present a solution to the problem of adequately defining and optimizing these properties. A discussion is included of the application of good design practices to the determination of a mechanically efficient shape to the blade elements of the propeller. These practices, excluding several appropriate modifications, have been known, but not well understood, in aircraft fluid mechanics for a number of years. Having optimized the direct impartation of energy to the medium being agitated, attention is turned to one of the more perplexing phenomena of multi-phase systems - definition and prediction of agitation levels. The result of recent study and testing is a method of scaling that the authors believe provides a lucid understanding of governing physical parameters within the agitator itself, allowing one to scale up and down with confidence.

Jan 1, 1985

By David D. Rabb

Under the auspices of the Atomic Energy Commission, the Lawrence Radiation Laboratory of the University of California analyzed an experiment to provide information as to whether the chimney of broken rock produced by a deeply buried nuclear explosive could be "drawn" by conventional techniques. Since many low-grade disseminated ore-bodies occur in a granite media, the experiment took place in a granodiorite-quartz monzonite intrusive porphyry in the Nevada Test Site as a follow-up to the Department of Defense's Hardhat detonation in February 1962. For emplacement of the nuclear device, a 12 ¼ - in. pilot hole was reamed to a diameter of 44 in. and a depth of 950 ft in one pass using a Hughes multiple-cluster rotary bit. It was then cased to 36 in. ID. The center of the explosive device was located 938.85 ft below the collar. The yield of the device was predicted to be 5 kilotons, or an equivalent of 5000 tons of TNT; the yield was later confirmed by chemical means to be 5.4 kilotons.

Jan 3, 1964

By Noris Del Be1 Belluz

Drilling underground in the Grasberg dewatering drifts has routinely hit water aquifers with high flow rates and pressures. Two types of holes are used. Pilot holes probe ahead of the tunnel development to intersect aquifers ahead of the face. And dewatering holes dewater rock formations that will drain water from the Grasberg pit and allow tunnel development to proceed safely. Recently, static pressures of >8.3 MPa (> 1,200 psi) have been recorded with flows from a 100 mm (4 in.) HQ core hole measured at 5,700 L/min (1,500 gpm). The waterflows can be slightly acidic, necessitating the use of stainless-steel collar gear to resist corrosion. These rates were anticipated and contingencies were planned early on to deal with these conditions. PT Freeport Indonesia (PTFI) established procedures to maintain the safety of the drill crews, to enable coring of the rock, and to maintain the safety of the miners driving the drifts. The collar gear controls the waterflows because these drill holes are a vital source of water for the concentrator.

Jan 1, 1998

Australia had an active uranium mining industry in the 1950s with uranium oxide being supplied under contract to the atomic energy authorities of the U.K. and U.S.A. In the 1960s, when these con- tracts concluded, domestic production ceased, apart from Rum Jungle, whose production until 1971 was stockpiled. By the 1970s, the demand for uranium from the electrical utility industry had risen sharply and the effects on Australia were notable. The Mary Kath- leen mine re-opened in 1976 but, more significantly, exploration activity suddenly expanded with the re- sult that several world-standard deposits were locat- ed. Western world requirements for uranium based on increasing energy consumption and a changing energy mix, will warrant the development of Aust- ralia's resources. By 1985 our mines could be pro- ducing 9,500 tonnes of uranium oxide yearly and by 1995 the export value from uranium could reach that from wool. In terms of benefit to the community the economic rewards are considerable but, in terms of providing energy to the world, Australia's uranium is vital.

Jan 1, 1978

By Fisher AEJ

On Sunday morning 7th November, 1976, at approximately 2-25 a.m., smoke was discovered issuing from the 1912 m long belt drift at Appin Colliery. A Clouth steel cord rubber belt approximately 940 mm in width had been installed in the drift in 1963 on the basis that no fire resistant steel cord belt was then available to operate on a single lift at the load and on the 160 gradient of the drift. Investigation showed that the belt drift was on fire and the usually downcasting drift was upcasting. Immediate fire fighting and rescue operations were instituted and the drift was sealed off. High expansion foam was pushed into the drift from the surface and the fire was brought under control. Recovery work resulted in the fire being put out and the drift open for walking traffic by, S-P0 am., on Wednesday 10th November, 1976. lie experience gained during the fire fighting and recovery operations led to recommendations in regard to future use of high expansion foam.

Jan 1, 1981

Provide low-cost fire protection for big bulldozers. Approach A fire protection system, previously used on mobile logging equipment and adapted to surface coal augers, has now been adapted for use on large mining bulldozers. How It Works Heat sensors mounted in the engine compartment and hydraulic hose areas detect the fire, usually before the operator does. This causes the system to automatically discharge A-B-C class dry chemical extinguisher through a fixed piping system. The system can also be manually activated from either the opera-tor's cab or ground level. Location of the principal components of the system are shown in the drawing The heat sensors of the sys-tem consist of bimetallic strip switches which operate at about 10000F temperature. Switch operation results in release of compressed gas from a small storage cylinder. The gas expands to blow the dry chemicals out of the nozzles, in a spray that lasts about 15 seconds. The compressed gas used is usually nitrogen, although carbon dioxide is also used.

Jan 1, 1978

By Donald W. Gentry, John F. Abel

This paper presents some of the results of a rock mechanics instrumentation program designed for, and implemented at. longwall panel 4N at the York Canyon Mine near Raton, New Mexico. The objective of this particular instrumentation program was to determine the response of the rock mass to longwall mining of a thick coal seam utilizing shield-type supports. Measurements were made in the rock along the ground surface, above the coal seam, in the coal seam, and immediately below the coal seam. Longwall test panel 4N had a total developed length of 762 m (2500 ft) and a face width of 168 m (550 ft), [Fig. 1]. The seam mining height in the panel area was approximately 3 m (10 ft). The average depth of overburden above the panel is 107 m (350 ft) although it ranges from 73-134 m (240-440 ft). Roof support at the face was provided by 116 Hemscheidt 320 HSL shields. These shield-type supports weigh 11.4 metric tons each.

Jan 1, 1979

By D. L. Rainey, E. R. Goter, W. R. Hudspeth

THE area in which spodumene-bearing pegmatites occur extends from Gaffney, S. C., in a northerly direction to Lincolnton, N. C., a distance of about 16 miles. The zone averages 2 miles in width. Interest in this area was first aroused by the discovery of small amounts of cassiterite in the pegmatites and in greissen which occurs on the walls of some of the pegmatites. Attempts were made from 1880 into the 1920's to mine and concentrate cassiterite, but there were no successful operations. In 1935 L. M. Williams became interested in the area and began prospecting by trenching and sinking several small shafts. He gradually gained control of a considerable acreage south of the city of Kings Mountain, N. C. Mr. Williams states that he produced some ore from a shaft which he shipped to the Maywood Chemical Co. in the late 1930's. In 1937 G. H. Chambers of the Foote Mineral Co. visited the area and examined several properties, but the lithium market was too small to support the necessary concentrating plant.

Jan 9, 1953

By T. R. Ellis

The author attempted to concurrently apply the US Uniform Standards of Professional Appraisal Practice (USPAP) and the Australian VALMIN Code to a complex mineral property appraisal assignment and previously to some modest assignments. This led the author into many severe difficulties. These difficulties included the high standards needed in the work of others and information and statements required from the client under the VALMIN Code. The exercises highlighted many positive features of both sets of standards. However, the author concluded that, without modification, VALMIN is incompatible with USPAP and the US regulatory environ¬ment. The author found that VALMIN violates US legal decisions regarding real property appraisal due to its requirement to include many items of business value. The US Securities and Exchange Commission's prohibition on reporting quantitative resource estimates proved to be a severe problem under VALMIN. Some VALMIN requirements could not be met due to the extent and quality of documents specified. Implications and thoughts regarding the development of a set of US minerals appraisal standards are discussed. Management considerations for complex mineral-property appraisal assignments are also presented.

Jan 1, 2000

By Doxford CI, Perry AJ

Mining Lease 908, situated on Gorge Creek near its confluence with the present Cape River system, has been subjected to intensive recent exploration for alluvial gold.The gold is hosted by a buried palaeochannel, the Gorge Creek Lead and by an overlying remnant meander of the Cape River. The principal, if not sole, sources of gold within the Gorge Creek Lead are the northwest trending Great Australian Reef and Green's Specimen Reef systems which are situated on adjacent high ground. Lower grade gold bearing eluvial ground separates the reefs from the Gorge Creek Lead. The sources for gold within the old Cape River system channel (Canton Lead) are thought to be situated some distance upstream, one source perhaps being the Lolworth Diggings located 30 kilometres to the northwest.Exploration of previously "heavily dug" ground on both leads consisted of detailed geological mapping followed by the collection and treatment of bulk samples from eight costeans. The wash samples varied in size from 120 to 396 cubic metres. Treatment was undertaken through a commercial sized conventional wet screen and jig plant.

Jan 1, 1986

By H. A. Schwartz, W. Kenneth Bock

IN this paper it is shown that when the tensile strength of a given steel in various states of heat-treatment is plotted against its elongation, a straight line results. The equation of this straight line can be computed with considerable accuracy from its chemical composition. The appropriate equations are given. The logarithm of the slope of the tensile-strength locus is shown to be proportional to the cumulative effect of the total alloy addition and the position of the line to be directly proportional to the cumulative effect of the alloy content. It is further pointed out that heat-treatment is more effective than composition in determining yield ratio. The latter enters mainly by its effect on hardenability, which is briefly discussed. Reduction of area and Brinell number are given some incidental attention. The data are applicable only to steels that have been normalized and/or quenched. The steels, if normalized, may or may not have been tempered. If quenched they must have been tempered at or above 400°C. (750°F.).

Jan 1, 1944

By Tiago Webber

Mineral resources estimation comprises basically two stages: (i) data collection, analysis and validation, and (ii) the estimate of the grades and tones of the deposit. The most applied method for sampling survey in mineral exploration is rotary drilling with total core recovery. High drilling costs make borehole geophysical logging attractive to obtain the maximum possible information from each borehole helping to understand ore intersections, grades variability, limits of the deposits and continuity of the mineralization. In this paper, borehole geophysical logging was used to enhance the sampling survey and to derive grades indirectly (without lab analysis) with a certain amount of uncertainty. Indicator kriging (IK) was the estimation method used, as it is adequate to incorporate the uncertainty associated with the geophysical derived grade values. The results were compared to the conventional procedures using grades determined via core analysis and ordinary kriging. Borehole geophysical logging proved to be efficient to define the essential features of ore deposit and IK provided results with acceptable precision and accuracy if compared to the model provided by ordinary kriging.

Oct 1, 2009