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Traditional finance theory recommends discounted cash flow (DCF) analysis as the tool to value mineral properties. Yet, the calculated values by this method are usually lower than the market value. Finance theory also advises us to develop an undeveloped project immediately if its net present value is positive. Most projects are, however, only developed when the economics are highly favorable. This paper uses insights from option-pricing theory to explain these divergences between market behavior and finance theory and presents simple modifications to discounted cash flow analyses that will lead them to produce correct valuation and development timing advice.

Jan 1, 1999

By Andy B. Wallace

Veins in the Pyramid district of northwestern Nevada occur along steep fractures in Oligocene and Miocene quartz latite tuffs. The vein mineralization is zoned from a central enargite-pyrite zone outward through a complex polymetallic pyrite-tetrahedrite-sphalerite-galena-chalcopyrite-bornite-chalcocite zone, and finally to an outer zone of pyrite and galena. Wall rock alteration includes advanced argillic and sericitic envelopes along veins superimposed on district-wide propylitization. The ore distribution and alteration patterns were probably produced by an increase in pH, a decrease in sulfur fugacity, along with cooling of the migrating hydrothermal fluid.

Jan 1, 1981

By Guerry H. McCullen, Bruno Despujol

Quartz and phosphate grains from concentrates and ores from Atlantic Coastal Plain sediments often are wholly or partially coated by humates. Coatings were studied in situ using infrared microscopy, by transmission Fourier transform infrared of extracts, and scanning electron microscopy. The 14C age of the coatings is about 20,000 years, much younger than the mineral substrates. Coatings on double flotation concentrates indicate that the conditioning pH may be too low, allowing coated quartz grains to follow phosphate grains through beneficiation. Organic matter from coatings may contribute to processing problems as well as affect final product quality.

Jan 1, 1999

By Wilhelm J. Kogelmann

The concept and operation of novel shaft sinking systems utilizing roadheader-type cutter booms, including mucking, conveying, and hoisting installations, are described. Selection criteria, performance data, and economic considerations for various shaft excavators are presented. Various applications of this low-cost and flexible system for civil engineering and mining projects will be discussed. The cutter booms can work in both soft ground and competent rock. Furthermore, the novel excavator can operate in ground stabilized by grouting, cementing, and freezing. The flexible cutting system can be used both for excavation of shafts, foundation pits, slopes, and for tunneling (drifting).

Jan 1, 1989

By P. Somasundaran

Adsorption of a nonionic polyacrylamide (PAM), an anionic polyacrylamide with sulfonate functional groups (PAMS), and a cationic polyacrylamide with amine functional groups (PAMD), on hematite was investigated as a function of different solution conditions. Adsorption results indicate that the major mechanisms of adsorption of polyacrylamides on hematite is through hydrogen bonding, with electrostatic forces playing a secondary role. All the polymers exhibited irreversibility of adsorption upon dilution. Also, entropic effects were determined to be important in adsorption. Surface chemical properties of hematite and solution chemistry of the polyacrylamides are considered to explain the polymer adsorption behavior on hematite.

Jan 1, 1985

By N. O. Johnson, J. Boyer, D. H. Sargent, R. B. Frahme

Although the Western bentonite industry has grown rapidly, it is facing major challenges to sustained growth. The fundamental penalty of costly overland transportation to both domestic markets and to US seaports is of increasing importance; as both substitute materials and foreign bentonites present more formidable competition in the historic market areas of drilling muds, foundry sands, and iron ore pelletizing; and as foreign demand grows more rapidly than domestic demand. The Western bentonite industry is facing these challenges by altering its transportation patterns, by upgrading of products, and by emphasizing customer service and stringent quality control.

Jan 1, 1980

By N. O. Johnson, J. Boyer, D. H. Sargent, R. B. Frahme

Although the Western bentonite industry has grown rapidly, it is facing major challenges to sustained growth. The fundamental penalty of costly overland transportation to both domestic markets and to US seaports is of increasing importance; as both substitute materials and foreign bentonites present more formidable competition in the historic market areas of drilling muds, foundry sands, and iron ore pelletizing; and as foreign demand grows more rapidly than domestic demand. The Western bentonite industry is facing these challenges by altering its transportation patterns, by upgrading of products, and by emphasizing customer service and stringent quality control.

Jan 9, 1979

By Jeff W. Butwell

Mill flotation tailings impounded at the Gooseberry Mine site between 1976 and 1984 were determined to be an economic source of gold and silver recoverable by standard heap leach technology in conjunction with feed agglomeration. Metal recovery at 85 percent Au, 75 percent Ag is attained on properly agglomerated (pelletized) tailings which average 85 percent -75 micron. Because the impounded tailings averaged over 18 percent moisture (32 percent moisture maximum at depth) in place behind the storage dam, the mining method, mixing and agglomeration technique, and materials handling practice were major considerations in making this operation a financial success.

Jan 1, 1990

Carbonation of reinforced concrete is a potential durability issue for vehicular tunnels. This is particularly the case where elevated carbon dioxide concentrations exist and when the design life is 100 years or more. The process of carbonation can result in loss of passive protection to embedded steel reinforcement and initiation of corrosion. Therefore, tunnel design needs to consider the potential for carbonation on internal surfaces and how design life can be achieved in severe environments. This paper examines methods for predicting carbonation and how deterioration can be mitigated through appropriate concrete mix design and construction practices.

Jan 1, 2008

By L. Spiers

Motorized Conveyor Pulleys contain all the traditional conveyor belt drive components inside the pulley. Light duty airport check in, grocery stores and food processing conveyors; requiring compactness, elimination of guarding and component containment have been using them for years. Portable Aggregate Processing Equipment require these features but with higher belt pulls and severe duty beyond the capacity of traditional components in a limited space. New materials, design technologies and automation; converging with safety issues, higher energy and operating costs; have created a pressing need. The challenge is to integrate new technologies and traditional components into a reliable, compact, conveyor belt drive system.

Jan 1, 2003

As REVISED IN CONFERENCE FEB. 17, 1931 REPORT OF SUBCOMMITTEE ON MINE VENTILATION CODE OF A, I. M. E. COMMITTEE ON VENTILATION ALFRED W. HESSE, Chairman THOMAS G. FEAR GEORGE S. RICE E. A. HOLBROOK WILLIAM A. ROWE HOWARD ECKFELDT R. V. NORRIS CADWALLADER EVANS, JR. H..1. SMITH, Secretary REALIZING, from the safety and health standpoint, the need of furnishing air of good quality to workers underground and of diluting and carrying away dangerous and noxious gases, the following code is offered to unify regulatory measures in coal mine ventilation, so far as is practicable, in the United States of America.

Jan 1, 1931

By C. Bemelmans, L. Chia, T. O’Keefe

Lead alloys function effectively as oxygen-evolving anodes in copper SX-EW operations, and they are highly resistant to corrosion. However, the presence of an organic (from solvent extraction circuits) in the electrolyte seems to enhance solution line attack. Laboratory tests showed that lead is soluble in D2EHPA, Acorga and LIX 984 to a limited, yet measurable, degree. Lead alloys and various lead phases formed on the anode were tested to evaluate their effect on the corrosion process in organic media. Possible causes for anode corrosion and mechanisms responsible for their initiation are discussed.

Jan 1, 1998

By Lauren Roberts, Lewis Martin, John Goris

The Spokane Research Laboratory (SRL) of the National Institute for Occupational Safety and Health (NIOSH) and Thiessen Team USA, Spokane, WA, have developed a pull claw that can be attached to any accessible friction bolt ring to test the performance (i.e., load-carrying capacity) of bolts without the use of a pull collar. This would allow true random testing of friction bolts, which need to be evaluated to determine if they are still providing an adequate level of support months or years after installation. Such support is critical to maintaining safe working conditions for underground miners.

Jan 1, 2004

By B. S. Taylor, J. D. Fraser, W. L. Chen

Steam coal quality is less stringent than metallurgical coal quality. Steam coal is prepared either by cleaning a full-size range of raw coal or cleaning coarse coal only, leaving the fine coal raw. The latter scheme is more cost competitive. It is particularly applicable to US eastern soft coal where low ash coal is concentrated in fine sizes. For raw coal size separation the Rotating Probability Screen, developed by the British Coal Board, may be used for easy change of raw coal separating size, and to avoid screen deck plugging when handling wet and clayey raw coals.

Jan 1, 1985

By T. B. Armstrong

Electrical energy conservation sees that service facilities are operated only when needed and that production equipment is operated under an optimum condition. Specific energy consumption (kw-hr per tonne) is not regularly recorded for comminution circuits because of variations in ore characteristics and the low grinding efficiency (0.1 to 2.0%) of the equipment. Improved data acquisition can produce meaningful results. Particle size monitor systems and density gauges permit comparison of energy (kw-hr) and production (tonne) for a "fixed" condition. Finding the operating condition producing the lowest unit energy consumption provides a target for an effective energy management program.

Jan 1, 1982

By D. M. Muir

Thiosulfate offers a nontoxic alternative to cyanide for processing gold ores. The mechanism of leaching gold using ammoniacal thiosulfate solution is driven by the Cu(II)-Cu(I) redox couple and is complicated by competing ligands such as NH3 and S2O32; It is shown that an understanding of the copper speciation and sulfur speciation is required to optimize this system. This paper presents Eh-pH and speciation diagrams for varying concentrations of Cu(II), S2O32- and NH3 and discusses the conditions under which various copper and sulfur species are stable.

Jan 1, 2002

By Cook B, Cunningham J

At Mount Isa Mines, a system has been developed for general monitoring of underground mobile equipment. It can provide unit condition monitoring data such as oil pressures and motor temperatures as well as production type information such as unit location and load. The system does not rely on an expensive data communications infrastructure, using instead inexpensive radio base stations which automatically transfer data from mobile units to a surface database server on the company-wide computer network. This paper includes a general overview of the system and a discussion of the practical benefits it is expected to generate.

Jan 1, 1995

By T. Vandergrift, J. Sturgill, W. Gerhard, J. Carrick

As surface minable coal is depleted, many operators look to high-wall mining to extend reserve life. Recent advances in highwall mining equipment have greatly improved productivity, clean coal recovery, and attainable penetration beneath the highwall. Somewhat lagging have been systematic design approaches for ensuring web pillar and overall highwall stability. This paper presents an overview of the design, planning, and field performance of a multiple-seam highwall mining application in southwest Wyoming. The safety and efficiency obtained to date is attributable to the careful geotechnical and operational planning described herein. Field confirmation of performance and suggestions for improvement are also discussed.

Jan 1, 2004

Merritt: Karl, you are a native New Englander, having been born in St. Albans, Vermont, in 1885. How did you decide on becoming a mining engineer? Twitchell: While I was attending St. Albans High School, my uncle, who had been the American Consul in Kingston, Ontario, for many years, told me of the excellent mining school there. He also introduced me to a Canadian mining engineer who sparked my interest in mining by noting the possibility of achieving personal success without always being under salary. Well, that appealed to me, so I applied to the Kingston School of Mines at Queen's University.

Jan 9, 1965

By F. A. Fasoyinu

The mechanical properties of yellow brass (C85800), high strength yellow brass (C86300), and high manganese brasses (C99700 and C99750) cast in permanent molds have been studied. The tensile properties as well as fracture and impact toughness of these alloys are strongly dependent on the chemical composition. Alloys and/or compositions exhibiting relatively high zinc equivalent often exhibited high ultimate tensile strength and yield strength with significant reduction in ductility (% elongation). In order to achieve optimum properties with a good balance between strength and ductility, a calculation of the zinc equivalent before alloy preparation can be useful.

Jan 1, 1999