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By Armando M. Lago

Secular and cyclical patterns of postwar sources and uses of funds of the mineral sector are analyzed. A simultaneous equation behavior model of sources and uses of funds is developed for both mining firms and integrated producers, and these models were put through the task of predicting the financial and expenditure be-havior of mineral corporations in response to mergers and changes in investment tax credits and depletion allowances. Finally, the quantitative analysis methodology is applied to the analysis of optimum capital structure of mining corporations. The postwar changes that have occurred in the expenditure and financial behavior of mineral corporations are reviewed, particularly the relative importance of factors that affect the industry's supply and demand for funds. This quantitative statistical investigation of factors affecting sources and uses of funds of mineral corporations is achieved through the formulation of a simultaneous equation model of sources and uses of funds. After a description of the study sample, the postwar cyclical and secular financial behavior of mineral corporations is analyzed in detail. An econometric model of mineral corporate financial behavior is formulated. This model is then estimated and reviewed. Policy issues regarding depletion allowances, investment tax credits, and industrial organization of the mineral sector are discussed. Finally, the optimum financial structure of mining firms is discussed and the effect of corporate financial structure on the mining corporations' average cost of capital is analyzed.

Jan 1, 1971

By V. B. Menon, L. D. Michaels, M. E. Mullins

Introduction The cleaning of coal to remove sulfur and inorganic impurities has, in recent years, become an essential operation in any coal utilization process. US coals, on average, contain about 3% total sulfur, of which more than 60% is generally inorganic or pyritic sulfur. Existing technologies such as heavy media cycloning, selective agglomeration, and electrostatic separation have the potential for removing about 80% of the pyrite from coal (Khoury, 1981). In view of the large volumes of coal being used today, there exists a need for the development of new processes to further improve the separation of pyrite from coal. Colloidal particles in suspension possess surface charges that are related to the chemical composition of the particles. In aqueous suspensions, the surface charge is a function of pH. For coal-pyrite mixtures, it is possible, by an adjustment of the pH (also a function of polar molecules), to reach a state where the charge on coal is very close to zero, but the charge on pyrite is still substantial. The introduction of collector particles with a charge opposite that of the pyrite should then result in the selective flocculation of pyrite and collec¬tor. These flocculates should settle out much faster than coal and could be removed from the bottom of the settling column. This note discusses our preliminary observations of the effect of clay-based collector particles, especially bentonite, on the settling behavior of coal and pyrite. These experiments were conducted with a view to developing a new electrokinetic flocculation process for separation of coal-pyrite mixtures. Experimental The objective of the experiments was to determine the effects of clay-based additives on the settling rates of clean coal, pyrite, and coal-pyrite mixtures. Illinois Colchester (No. 2) coal was obtained after processing in an existing coal cleaning facility. This coal was reported to contain less than 0.3% pyritic sulfur, which was in the form of a fine powder with an average particle size of 5µm. Pyrite (of average particle size 5 µm) was also obtained from the same facility and reportedly contained less than 0.1% coal. The zeta potentials of coal and pyrite in water were measured as a function of pH using a zetameter. The pH was adjusted by adding sodium hydroxide or hydrochloric acid to the suspensions. Sedimentation experiments were conducted in 50-mL glass cylinders, and settling rates were measured by noting the height of clear liquid above the settling front as a function of time. Settling behavior was also charted by periodically taking photographs of the system. The following systems were investigated: •a slurry consisting of 2.5 g of clean Illinois Colchester coal in 50 mL of water of pH 6.0, with and without the addition of 0.5 g of bentonite (Fisher, purified grade) ; • a slurry consisting of 2.5 g of pyrite in 50 mL water of pH 6.0, with and without the addition of 0.5 g of bentonite ; and • a slurry consisting of a mixture of 1.25 g clean coal and 1.25 g pyrite in 50 mL water of pH 6.0, with and without the addition of 0.5 g of bentonite. In addition, experiments were conducted with kaolinite (Bath, South Carolina) and alumina (Fisher, purified grade) as collector materials to verify the observed effects. Results and discussion Figure 1 shows the zeta potential values for the Illinois coal and pyrite as a function of pH. The zeta potentials of coal and pyrite decrease with increasing pH, changing from an initially positive value at low pH to a negative value at high pH. The point of zero charge (PZC) for the coal is at a pH of 6.2, while the PZC for pyrite occurs at a pH of 10.3.

Jan 1, 1988

By J. S. Aronofsky, A. S. Lee

Results and experimental procedures are presented covering a preliminary laboratory investigation of the compaction of reservoir rocks and its effect on porosity and permeability. "Egective" compressibility was measured by subjecting core material to an overburden load and reducing pore pressure. Preliminary results showed relatively high effective compressibilities which varied from 1.8 X 10-' pore volume/pore volume /lb / in.~ for limestones to 7.7 X 10-6 pore volume/pore volume/lb/in.' and even higher for sandstone reservoirs conmining large amounts of fine clay material. It appeared from the initiol results that the effective compressibility of the material could not be correlated directly with porosity and that other factors, such as the amount of clay material present might have to be taken into account. The work to date has indicated that effective compressibility factors will have to be measured for the particular reservoirs heing studied. Oil permeability of core materid was measured under various effective overburden loads from 0 to 8,000 psi. It has been found than reduction of permeability in clean sands was relatively small and the results agreed with published data. For sandstones containing large amounts of clay, preliminary tests indicated very large reductions in permeability with increasing effective overburden pressures. It is planned to continue laboratory work on this phase because of its importance in low-permeability reservoirs. INTRODUCTION During the past few years increasing interest has been shown in the differences obtained between conventional laboratory measurements on cores at atmospheric pressure and those when reservoir conditions are simulated. Since these data are used as the basis for calculations and the prediction of reservoir behavior, their evaluation under reservoir conditions is most important. The effect of the compressibility of the rock upon the reservoir behavior, as fluid pressure declines, is an important subject which has been insufficiently studied. The total pressure on any plane through a reservoir is the result of the grain-to-grain rock pressure due to the overburden and the pressure of the interstitial fluid on the plane. As reservoir fluid pressure declines, the net load on the rock phase must increase, and the result is the compaction of the rock structure which produces a decrease in pore volume. Simultaneously, the rock grains expand into the pore space as the fluid pressure declines. The result of these two effects is defined as the effective compressibility of the rock and is expressed in units of pore volume/original pore volume/psi. Work was started by Imperial in 1954 on the effects of pressure on the porosity of reservoir rock. These studies established effective compressibility factors for some limestones and dolomites. Since that time effective compressibilities have been obtained for other Canadian and some U. S. reservoir rocks. In conjunction with the study of porosity, an investigation has also been initiated to determine the effects of pressure on permeability. One outcrop and several reservoir sandstone cores have been tested to date. ROCK COMPRESSIBILITY Apparatus anD Procedure A diagram of the apparatus used in these studies is shown in Fig. 1. The equipment was constructed so that a uniform pressure, equivalent to the reservoir overburden, could be applied by the oil pump and transmitted on all sides of the core through the Lucite sheath. The sample was completely saturated by circulating brine through the mounted core. Pressure in

By Raymond L. Lowrie

Deregulation, as authorized by the Energy Policy Act of 1992 (PL102-486) allows free-market competition in the electric-utility industry. As the act unfolds, though, uncertainties abound about the type, degree and direction of impacts throughout the affected economy — from fuel suppliers to electricity generators and from power distributors to energy consumers. Instead of having a familiar base of captive customers and electricity prices fixed by negotiation with state public utility commissions, utility companies are preparing for open, free-market competition. They are looking at all areas, including fuel supply, to cut costs to remain competitive. Humorous anecdotes are told about utility companies shunning insiders for senior executive positions. Instead, they are opting for people from the telephone or other industries with deregulation experience. And there are light-hearted stories about a trend away from traditional electric-company names, such as the name of a city or state followed by Edison or Power and Light, to space-age names, such as Ameren, Entergy, Illinova or Unicom. No one wants to be left behind or be perceived to be left behind.

Jan 1, 1996

By Y. H. Wang

Micro-flotation tests of spodumene, beryl, quartz and feldspar have been carried out by using CaCl2 and FeCl3 as modifiers and a blending collector of oleic acid and hydroximic acid. CaCl2 shows efficient activation for spodumene when pH is above 11.5, and FeCl3 exhibits a markedly activation and good selectivity for spodumene in the range of pH 4 to 10. The main species of CaCl2 are CaOH+ and Ca(OH)2 when pH is above 11.5, and the main species of FeCl3?6H2O are Fe(OH)+2 and Fe(OH)3 during the pH range of 4 to 10. A selective flotation of spodumene and beryl from pegmatic ore had also been completed while using FeCl3?6H2O as activator and the blending collector. A bulk concentrate containing 1.087% BeO and 4.70% Li2O has also been obtained in the flotation of spodumene and beryl from pegmatic ore assaying 0.097% BeO and 0.45% Li2O, and the recoveries of BeO and Li2O in concentrate are 74.38% and 69.50% respectively.

Jan 1, 2014

By Jacolien P. Wyethe

Zincor uses a Roast-Leach-Electrowinning circuit to process zinc sulphide concentrates. It also processes zinc oxide fume, originating from a slag smelting operation in the Democratic Republic of the Congo (DRC). Zincor achieved an average zinc recovery of 90.3% during the period January 2006 to May 2007. The bulk of the losses occurred in the iron and lead silver residues, both as soluble and un-dissolved losses. The un-dissolved losses in the iron residue constituted around 33% of the total zinc lost from the circuit, and were largely attributed to the presence of zinc-ferrite in the calcine used for neutralization during iron removal. As part of Zincor?s continuous improvement programme, the un-dissolved zinc losses in the iron residue were targeted by: the partial replacement of calcine with zinc oxide fume (from the DRC); and the preferential use of ?low-ferrite content calcine? as neutralizing agents in the iron removal circuit. These initiatives, coupled with other operational factors, resulted in a marked improvement in recovery to 92.6% during June to December 2007. The zinc oxide fume, directly fed to the circuit, required investigation of the halide rejection capacity of the Zincor circuit. Rejection of chloride via the magnesium bleed operation was considered adequate. Fluoride was mainly rejected via the iron (~70%) and lead silver (~27%) residues. Fluoride rejection via the lead silver residue varied significantly, probably as a result of variations in the sparingly soluble CaF2 content in the feed. The mechanism for fluoride rejection in the iron residues is uncertain. The fluoride rejection capacity of the Zincor iron residue (comprising of mainly jarosites, schwertmannite and ferrihydrite) at 2 ? 4 mg/L F in solution, was estimated at 0.14 ? 0.19 kgF/tFe residue.

Jan 1, 2008

By Ralph Sweetser

THE Round Table. on Qualities of Pig Iron, under the auspices of the Joint Committee on Qualities of Pig Iron, which is made up of members of the American Institute of Mining and Metallurgical Engineers, the American Foundrymen's Association, the American Society for Testing Materials, the Gray Iron Institute, and the. Malleable Iron Institute, was held at the Palmer House, Chicago, Ill., on Oct. 1, 1935. PROCEEDINGS R. H. SWEETSER,* New York, N. Y.-Seven years ago last June we had a round table on qualities of pig iron1, and at that time the foundrymen were out with their battle-axes for the blast-furnace men, and the open-hearth men were doing the same thing. After that meeting there was really a determined effort to find out about the qualities of pig iron, and great progress has been made all along the line. This afternoon we want to have a frank discussion of the qualities of pig iron, whether it is the molten pig iron going into the steel plant, or cold pigs going to the different foundries. We ought to hear something from Dr. J. T. MacKenzie, who is chairman of the Joint Committee, and from Mr. R. E. Kennedy, the tech-nical secretary. J. T. MACKENZIE, t Birmingham, Ala.-As a result of that meeting in Chicago, there was considerable agitation in the Foundrymen's Association to develop a set of tests for pig iron. One of the difficulties was that nobody talked the same language on shrinkage, draws, live iron, dead iron, and so forth, which were the main com-plaints against pig iron. By request of a committee of the Foundrymen's Association, the Bureau of Standards ran a comprehensive set of tests that did develop the prin-ciples governing the optical pyrometer as applied to cast iron and pig iron. Then the Bureau went on further with the fluidity test, and developed a method for the absolute changes of volume at the freezing point.

Jan 1, 1936

By H. M. Day, C. H. Mathewson

THE constitution of the system silver-mercury has attracted the attention of many investigators during the last two decades, but since their results are for the most part in poor agreement, there is little need for a review of their individual contributions. It remained for the very careful thermal and microscopic investigation of Murphy' in 1931 to give the constitutional diagram in its present and unquestioned form, which is shown in Fig. 1. He devised methods for taking cooling curves on alloys under high pressures and for the microscopic observation of alloys which contained liquid mercury as a structural constituent at ordinary temperatures. The compositions of the intermediate phases were confirmed and supplemented through X-ray analyses by Preston2 and Stenbeck.3 According to Murphy, at 276° C. silver is able to dissolve 44 to 45 weight per cent of mercury, which may increase at lower temperatures to about 50 per cent. Preston concluded that the saturation boundary occurred at 46 ± 2 per cent at 100° C. From the values reported in the literature, these are the only ones that may be accepted as lying even in. the right region. PREPARATION OF ALLOYS The silver used in the present investigation was supplied by the United States Metals Refining Co. through the courtesy of the Committee on Industrial Uses of Silver and, since a complete spectrographic and chemical analysis was furnished, no attempt was made to purify it or to further establish the impurities present. The analyses reported by the company are shown in Table 1. Milligan4 has found that the magnesium content is probably less than 0.0005 per cent.

Jan 1, 1938

By Juan Languasco de Habich

El presente texto señala la situación actual de la pequeña minería, así como las ventajas, decreto ley 18880, garantía, reservas, requisitos, características del financiamiento, crédito minero, rol de tasa, modalidades del crédito minero, y las fuentes de financiamiento para la pequeña y mediana minería.

Sep 1, 1979

By Cristhian Guillén, Ned Vásquez

El presente trabajo técnico describe y analiza el proyecto para la implementación de la tecnología de explosivos denominada emulsión bombeable aplicado en el carguío mecanizado de tajos de producción SLS con perforaciones ascendentes y descendentes realizado en mina Cerro Lindo. Este proyecto tiene la finalidad de mejorar los KPIs (Key Performance Indicator) que actualmente maneja la operación. Por ello, el área técnica del sitio ha elaborado un protocolo de implementación, para efectuar la introducción y validación de la propuesta de valor de esta nueva tecnología.

Sep 29, 2023

Overexposure to noise is a widespread, serious health hazard in the mining industry, and causes hearing losses to a large percentage of the mining population. Recognizing this fact, the Bureau has a major on-going research effort to address this problem area. These proceedings include an overview of the Bureau noise control program and summarize nine selected noise control research programs.

Jan 1, 1984

By James R. Boyle

The value of Alabama's nonfuel mineral production in 1984 was $409.8 million, and established a new record high for value of nonfuel minerals in the State, at 13.4:% over the previous high of 1983. Output of nearly all nonfuel minerals increased; phosphate rock was one of the exceptions, with no recorded output in 1984. Cement, crushed stone, lime, sand and gravel, and clays were the major commodities produced in Alabama. Alabama led the Nation in the production of crushed marble; was second in bauxite; third in fire clay and kaolin; fourth in bentonite, ferroalloys, and dimension marble; fifth in masonry cement, lime, and recovered sulfur; and sixth in portland cement. Alabama ranked 22d in the Nation in value of nonfuel minerals produced.

Jan 1, 1986

By F. J. Klingler, R. Hausmann, K. M. Swaffar, J. C. Neyer

This paper presents the results of a study of case histories of projects on which sinking caissons were used to construct shafts for tunnel construction and other underground works. Design methodologies are reviewed with respect to the impact of soil and groundwater conditions on the performance and constructability of sinking caissons. Factors which have led to success or failure are reviewed and evaluated, and recommendations for future investigation, design and construction activities are presented. Cost data for five recent projects are reviewed and compared to the cost of shaft installation by other means.

Jan 1, 1997

By J. K. Ross, K. O. Hoal, S. K. Appleby

Understanding ore variability is a key factor in the geometallurgical analysis of a deposit and is beneficial to process development and mine planning. Ore variability is a function of the mineralogy of a deposit, in terms of both ore and gangue minerals and their textural relationships. This study integrates optical microscopy and quantitative mineral analysis to characterize the mineralogy and texture from 13 samples from different lithologic units at the Bingham Canyon Mine. The analysis identified several parameters, such as modal mineralogy, alteration assemblages, distribution of mineral phases and alteration assemblages and microfracture and void space distribution. These parameters can have an impact on the materials’ behavior during processing. This study demonstrates that quantitative mineralogical analysis can provide detailed information for improved understanding of ore variability.

Jan 1, 2010

By Luis Ramirez Grados

El presente texto examina los problemas de diseño que se presentan en el sistema de minado subterráneo debido a su interrelación con los variados escenarios geológicos. Para ello, se cita el ejemplo del acarreo de desmonte y mineral de la Estación de Carguío H-2 del Nv. 2430 de la Rampa RNG 92442 @ -15% hacia el echadero de desmonte y la Tolva de Mineral de la Planta Concentradora en superficie Nv. 2765, donde el sistema de acarreo fue modelado usando simulación, la cual fue utilizada para ver la rentabilidad del sistema scooptram-volquete.

Sep 14, 2009

By William H. Langer

Nearly every community in the United States is dependent on aggregate (sand, gravel, and crushed stone) resources to build and maintain its infrastructure. Unfortunately, developing aggregate resources to meet societal needs causes environmental impacts. Most environmental impacts associated with aggregate mining are benign. Extracting aggregate seldom produces acid mine drainage or other toxic effects commonly associated with mining of metallic or energy resources. The most obvious environmental impact of aggregate mining is the conversion of land use, most likely from undeveloped or agricultural land use, to a hole in the ground. This major impact is accompanied by loss of habitat, noise, dust, blasting effects, erosion, sedimentation, and changes to the visual scene. Some of the impacts are short-lived, and most are easy to predict and easy to observe. Most impacts can be controlled, mitigated, or kept at tolerable levels and can be restricted to the immediate vicinity of the aggregate operation by employing responsible operating practices and available technology. The intensity of environmental impacts generated as a result of mining are determined in large part by the geologic characteristics of aggregate deposits (geomorphology, geometry, and physical and chemical properties). Mining deposits that are too thin, or contain too much unsuitable material, results in the generation of excessively large mined areas and large amounts of waste material. Mining aggregate can lead to serious environmental impacts in some situations. Some geologic environments such as active stream channels, slide-prone areas, and karst terrain are dynamic and respond rapidly to outside stimuli including aggregate mining. Some geomorphic areas and (or) ecosystems underlain with aggregate serve as habitat for rare or endangered species. Similarly, some geomorphic features are themselves rare examples of geologic phenomena or processes. Mining aggregate might be acceptable in some of these areas, but should be conducted only after careful consideration, and then only with extreme prudence. Failure to do so can lead to serious, long-lasting, and irreversible environmental consequences, either in the vicinity of the site or at locations distant from the site. Environmental impacts caused by irresponsible aggregate mining can compromise mining in an entire region.

Jan 1, 2001

By Thom Sedun

No sector of the mining industry is more closely tied to local communities than aggregates. Noise, dust, traffic, visuals aesthetics and environmental impacts all fall under the purview of neighbours, local governments and nongovernment organizations. It is no surprise that aggregate operations may not be welcome neighbors in many communities. In British Columbia (BC), the regulatory environment for aggregate operations includes a local component of municipal bylaws and land use-planning in addition to the usual suite of federal and provincial statutes that apply to its sister mining sectors. Additionally, under common law aggregate extraction is not considered to be a land use subject to land use zoning, and some aggregate processing activities can be regulated by zoning. Often traversing multiple local government jurisdictions, aggregate producers find themselves negotiating not only local traffic, but also a mosaic of regulatory environments. There is an opportunity in this present situation to facilitate the application of current technology and practices in the mitigation of many community and environmental concerns associated with aggregate operations. Moving a bulk commodity is a volume-based business, and operators often don?t have time for matters that don?t directly or obviously affect the bottom line. Regulatory agencies often play multiple and complex roles with respect to their industry, not the least of which is the fiduciary role. Balancing how and when to assist an industry is often a difficult decision. For the aggregate industry in BC, the Ministry of Energy and Mines saw an opportunity to assist not only aggregate operators, but also regulatory agencies, local governments, and the general public. Through investing in the Aggregate Operators Best Management Practices Handbook (handbook) project, the Ministry of Energy and Mines (MEM) believes that it will realize a return of upheld community values, enhanced environmental protection, improved regulatory compliance, reduce disputes and a stronger provincial aggregate industry. It is the intent to publish the handbook electronically through the MEM website later this year.

May 1, 2002

In 2007, a total of 4,639 stone mining operations reported employment to the Mine Safety and Health Administration (MSHA).1 Stone mines comprised 31.2% of all mining operations. ? Mines producing the primary commodity of limestone (crushed and broken) comprised the largest number of operations (n=2,051; 44.2%). ? Stone mining operations were located in all states and territories except Delaware and North Dakota. ? Pennsylvania had the most stone mines (n=373; 8.0%), followed by Texas (n=352; 7.6%).

Aug 1, 2009

By Thomas Chance

ALL gravity methods for the separation of ore from gangue, or of slate and other refuse from coal, are based upon differences in the falling velocities, in some fluid medium such as air or water, of the materials to be separated. As all materials falling in a vacuum have the same velocity, independent of the size, shape, weight or specific gravity of their individual particles, it would be more accurate to describe the operation of these methods as depending upon the. retardation of falling velocities effected by the resistance of a fluid medium, this retardation being greater for small or light particles than for large or heavy particles. This generalization is true also of those appliances utilizing centrifugal force to replace or to supplement the action of gravity. The separation of materials of different specific gravities by means of a fluid having a specific gravity greater than that of the lighter particles and less than that of the heavier particles has not been applied commercially, or on a large scale, to the separation of ores or to the washing of coal, the method being limited to laboratory experimental work or to laboratory determinations for the purpose of checking up the work of jigs, classifiers, and other types of concentrating appliances. A solution of zinc chloride has thus come into general use inn the laboratory to separate coal, bony coal and slate, both to check up the work of coal-washing plants and for the purpose of making tests preliminary to the designing of coal-washing plants. The use of a heavy solution of some chemical in water has often been proposed for making such separations, especially in connection with the washing or preparation of coal. Practically insuperable difficulties, however, have prevented the commercial development of any such process, the difficulties being both physical and financial. The cost of the chemical used to make high-gravity solutions is usually prohibitive, and the freeing of the coal from all traces of the chemical is found to be practically impossible. Such solutions inevitably penetrate the individual lumps and particles of coal, transfusing into the pores and saturating the joint-planes, and very large quantities of wash water

Jan 2, 1918

By S. Selmer-Olsen

New trends and developments in the production of ferro-silicon, ferro-manganese and ferro-chrome alloys are discussed, with emphasis on the general trend to the adoption of large production units. Problems which arise, both of a metallurgical and an electrical nature, due to the use of large electric furnaces, are outlined with specific reference to the limitations imposed by the power carrying capacity of Soderberg electrodes, the furnace resistance and the furnace reactance. The implications of combining high resistance within the furnace with good metallurgical operating conditions are illustrated by considering the production of ferro-silicon and ferro-manganese. The possibility of replacing electric furnaces used for ferro-manganese production, by large low shaft blast furnaces using oxygen enriched blast, is mentioned. The continued use of small electric arc furnaces for ferro-chrome production is also mentioned, and is ascribed to lack of ore suitable for treatment in large furnaces. Agglomeration of chromite ores appears to be a possible answer to this problem.