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By P Hagan, S Wang, D Li, B Loh

A study was undertaken to quantify the differences in performance between a full-length encapsulated cable bolt and a partially encapsulated cable bolt. Much research has been reported on the differences in cable bolt design and operational parameters such as borehole diameter and grout type with much of this based on the Laboratory Short Encapsulation Pull Test (LSEPT). However, there is a gap in knowledge surrounding the effect of anchorage length on load transfer and cable bolt performance particularly with respect to the role of the bulb in modified cable bolt designs. The objective of this study was to expand the existing knowledge base of cable bolt performance with the intent of developing a revised design criterion. Alongside a comprehensive review of current cable support theory, design and practice, a series of pull tests was undertaken to compare each anchorage method using a high capacity modified cable bolt. The results serve to confirm earlier work on fully encapsulated anchorage. Both the peak load capacity and stiffness of the fully encapsulated cable bolt were nearly double that of the partially anchored cable bolt. When the tests were repeated in an oversized borehole, while there tended to be more variation in performance, there was little significant difference in the mean results. In addition to anchorage length, there are other factors that contribute to cable bolt performance including in order of sensitivity: embedment length, water-to-cement ratio of the grout, type of grout and borehole diameter. CITATION:Loh, B, Hagan, P, Li, D and Wang, S, 2018. A comparison of the performance of fully versus partially encapsulated cable bolts based on laboratory-scale testing, in Proceedings The Fourth Australasian Ground Control in Mining Conference (AusRock), pp 291–302 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Nov 30, 2018

By Carlo Massa

THE Societá Auonima di Miniere e di Alti Fourni, familiarly known as the " Elba Company," works the rich ore-deposits of the Island of Elba under a long-term contract with the Italian Government. The ore-deposits are scattered over the eastern and southeastern coast; but as those parts of the island are not well provided with ports, the blast-furnaces were built at Portoferraio, the principal town of the island, situated on the northern shore, and possessing a magnificent natural harbor where even vessels as large as the battleships of the Italian navy can comfortably anchor. In the selection of Portoferraio. the cost of transporting the iron-ore from the different mines to the blast-furnaces has been reduced to a minimum, and shelter has been provided for the Company's flotilla of tugs and barges, as well as for the steamers carrying coal and pig-iron. The whole plant, of which a general view is given in Fig. 1, comprises 1. A discharging-pier with unloading-cranes. The ore and coal are transported from this pier by means of an aerial cable-rail¬way to the coal- and ore-storage yards. This cable-railway is supported by an iron bridge extending from the pier to the shore and by a wooden trestle extending from the shore to the yards. , 2. Blast furnaces, two in number, with all the accessory appa¬ratus, such as blowing-engines, dry purifiers, Cowper hot-blast stoves, hoists, etc. 3. Coke-ovens, two batteries, with coal-bin, crushers and boilers. 4. Engine-house containing the blast-engines and the electric generating-station. 5. Pumping-plant. 6. Narrow-gauge railways.

Mar 1, 1905

By M. J. Walker

The lead .smelter at Cominco's operations at Trail, B.C. has been undergoing. a modernization program since 1986. In that year a contract agreement was reached with German-based Lurgi GmbH which allows Cominco to construct and operate a lead smelter using Lurgi's QSL process. Cominco Engineering Services Ltd. (CESL), a subsidiary of Cominco Ltd., was contracted to provide project management, engineering, procurement and construction management? services for the project. The new smelter replaces the existing sinter-blast furnace plant ?and will have a capacity of up to 1601000 tonnes per year of refined lead. This new smelting proc.ess results in significant operating cost reductions and major environmental .improvements. Start-up of the new plant is scheduled for the fall of 1989. The metallurgy and the operating parameters, important to the design of the new smelter, are described together with projected deportments of lead, zinc, silver and minor metals. A plant description, will be given for the following major areas that make up the modernization project: the pressure filter operation for the preparation of ,zinc leach residues feed material, the QSL reactor and boiler itself, together with its feed system and process gas treatment, and the drossing plant with a new continuous drossing furnace and oxygen softening and thallium removal. Slag from the QSL reactor will be treated in existing slag furnaces until a subsequent second phase of the modernization is completed in the 1990s.

Jan 1, 1990

By Kevin A. Foo, Murray D. Bath, John H. Canterford, Arnaldo Ismay

There is no doubt that the dominant future source of gold will be the so-called refractory ores, especially those with gold in a pyrite/arsenopyrite matrix. Minproc Engineers is taking an active role in establishing detailed design criteria for a number of apparently competing processes. This involves generating a detailed understanding of the metallurgy involved, systematic pilot plant testing, and the application of advanced engineering technologies. This presentation outlines the approach adopted by Minproc as well as the design criteria for several current projects.

Jan 1, 1989

When the 2008 Olympic Games begin in Beijing, China is September it will not only mark the end of the journey for the Olympic torch and the thou-sands of participating athletes, but the games will also mark the culmination of a massive amount of construction in the city. On display for the world to see will be 31 new and refurbished venues including the 91,000-seat National Stadium called the ?Bird?s Nest? and the aquatics center, called the Water Cube. What will not be featured as prominently on the television cameras broadcasting the games around the world will be the network of tunnels built beneath the city. But that infrastructure of rail lines will be of critical importance to the games. While preparing to host the world, China added a subway tunnel that will include four stops in the Olympic Park. The 4.4-km (2.7-mile) subway line that runs through the complex of stadiums, gymnasiums and parks began trial operations in June. Prior to the opening of that line, Beijing's No. 5 subway line, which runs through the heart of the city from north to south, opened in October. That 27.6-km (17-mile) line took nearly five years to build and includes 23

Jan 1, 2008

By K. Bommer

"In today’s fast paced, globally competitive world, reliability and machine uptime are of the utmost importance to a successful operation. Along with these targets more emphasis is being put on cost reduction and decreasing the environmental impact of the overall system. To achieve these goals, automatic lubricators and lubrication systems have been used in many industries for years and are now becoming a common tool in the mining industry as well. These systems are able to provide proper lubrication amounts at the proper times autonomously, helping to keep the machines running smoothly while minimizing the physical support required. Copper mines in the southwest have begun utilizing auto lubrication to avoid mistakes and unplanned shut downs on critical equipment. This paper will describe the engineering behind these products and review case histories where these tools have been successfully utilized in the mining industry. INTRODUCTION In a dirty, dusty, wet environment, where machine uptime is imperative, proper lubrication of bearings is the only way to survive. With the push for cost reduction and mines striving to lower their environmental impact and increase worker safety according to MSHA guidelines, the old lubrication practices have come under scrutiny. It is no longer encouraged or cost effective to have maintenance personal walk from point to point throughout the entire mine pumping a shot of grease into each bearing once per shift. Automatic lubricators and lubrication systems have been on the market for years but recently, as the market focus has changed and technology has developed, the use of these systems has begun to rise in the mining industry. Automatic lubrication systems can be as simple as a single point lubricator lubricating one (1) bearing or a more complex system lubricating numerous bearings. With system design, the automatic lubricator provides a preset amount of grease to a bearing at regular, predetermined intervals. The systems designed to lubricate more than one bearing contain grease pumps of some design and possibly PLC controllers which can be used to remotely adjust and monitor the system. As can be seen in Figure 1, the right amount of lubrication can be achieved much more reliably with automatic lubricators. Depending on application needs, the market now has products to fit almost every wish list. This paper is going to focus on the single point systems that are lower in cost but are still being effective."

Jan 1, 2015

By J. Drenda

The model for methane removal from the workings directly behind an advancing longwall as presented in this paper may be used for U-ventilated cross or length-wise systems of longwall advance, starting from the boundaries of the extraction field. In mines with high methane concentrations, Uventilated longwall extraction from the boundary of the extraction field produces a methane risk. The risk is manifested by a higher methane concentration at the end of the longwall, upper gate and incline. The methane in increasing concentrations, which is emitted mainly from the workings with caved areas, appears towards the end of the longwall and in the upper gate. The graphical model of the longwall provided includes both the workspace of the longwall and the caved area. Based upon a model of the rock distribution in the cave, a ventilation model comprising two standard air splits and large number of crosswise air splits has been constructed. Simulations indicate that if the shearer is not present in the longwall, the air distribution in the caved area is symmetrical. The presence of the shearer, both at the bottom and the top of the longwall, causes an asymmetrical air distribution in the cave, that is the asymmetrical flows in the goaf and longwall workspace and in the inflows and outflow between those regions. This phenomenon causes an increase in methane concentration at the end of the wall and at the upper gate. The methane removal method proposed for workings with a caved area directly behind the advancing U-ventilated longwall, starting from the boundary of the field, consists of the removal of methane-air mixtures from the caved area with the boom pipes. These booms may be of several meters long and may be extended if necessary. The insertion of the boom pipes into the cave towards the end of the longwall and connecting them with the general methane removal system creates negative pressure causing a change in the depression field, which is the aerodynamic potential field in the goaf area around the ends of the boom pipes. This will promote the extraction of the methane-air mixture from voids and the goaf cracks, and the area from which methane is being extracted may extend to the side of the cave. This is a positive phenomenon, which could result in the methane flow from the goaf into the airflow in the longwall workspace decreasing or even stopping. A reduction in the methane flow into the longwall workspace with extractions booms will be advantageous for the production continuity. Based on the floor load model for the rocks in the cave and the methane-removal boom load model, the value of the force required to move the boom behind the advancing wall has been calculated. Strength calculations for the pipe were performed using a finite elements method. The analysis results, as well as the comparison of the pipe material effort to the strength parameters of steel, which can serve as piping material (for the assumed load conditions), lead to a belief that the proposed boom construction satisfies the strength requirements.

Aug 1, 2013

By Ronnie Melker, Joel Webster, Daniel Belardo, Thomas Hyatt

Quality assurance of drilled shafts is highly dependent upon the construction practices used during the excavation and concrete placement process. When performed under slurry, challenges are presented in maintaining borehole stability and placing a uniform and continuous concrete column. An integral part of the construction operation is to evaluate the as-built integrity to verify the drilled shaft is capable of safely transferring the required loads to the subsurface. One such case is exemplified by a project involving the expansion of an existing public transit rail line. The expansion required the construction of a new bridge bent supported by seven 5-ft diameter drilled shafts of various lengths. The specifications for the project required both Cross-Hole Sonic Logging (CSL) and Thermal Integrity Profiling (TIP) for drilled shaft integrity evaluation. Both of these post-construction non-destructive tests (NDT) are designed to detect anomalies or the presence of regions with reduced concrete quality. However, the implementation and methodologies of performing each of these NDT methods are significantly different. Cross-Hole Sonic Logging uses ultrasonic signals emitted from a transmitter in one access tube to a receiver in another access tube. Thermal Integrity Profiling measures elevated concrete temperatures during the curing process using embedded thermal wires. Both test methods require different access details and therefore have different costs associated to the contractor or owner to perform. This paper provides a detailed comparison of these NDT methods as performed on these seven drilled shafts. The associated financial and time costs to perform each method are compared and the results are discussed in detail. INTRODUCTION Drilled shafts are a fundamental deep foundation element that can be designed to resist large bending moments as well as to transfer large compressive axial loads through weaker upper soils to competent soils or rock below. Often times when the upper soils are very soft, lateral support by casing or slurry, or a combination of both, may be used to hold back the softer soils from collapsing into the hole before concrete has been placed. Due to the blind nature of drilled shaft construction and the qualities issues that may arise during the placement process, it is essential for design engineers to specify non-destructive testing (NDT) to assess the quality of the as-built drilled shaft. CSL and TIP testing are two NDT methods designed to detect areas of lower quality concrete or soil inclusions throughout the length of the drilled shaft and determine its overall quality. Each method uses different technologies and methods to achieve the results required to determine the as-built condition of the drilled shaft.

Jan 1, 2019

By J. E. Sepulveda, R. Morrow

"In full scale mineral grinding operations, the steel balls normally utilized as auxiliary grinding media get to be consumed at different specific rates, as determined by 3 basic mechanisms: abrasion/corrosion (wear), impact ball breakage and impact surface spalling, the latter relating to the removal of rather small pieces of steel coming off the exposed surface of the balls due to repetitive impact with other balls in the charge or the surrounding mill liners. In conventional ball milling applications, the clearly predominant mechanism is gradual wear by abrasion/corrosion. In the case of SAG mills, where the make-up balls may be as large as 6”f diameter, breakage and spalling mechanisms are significant contributors to total ball consumption, although not to the extent of overriding wear mechanisms.Ball wear has been well characterized by the Linear Wear Theory, as presented at the last CMP 2014. Impact breakage has been customarily monitored, at the ball manufacturing site, via Drop Ball Tests (DBT) consisting of repeatedly dropping balls from a standard height and accounting for the number of broken balls and the weight loss (spalling) of the remaining unbroken balls. When properly conducted, DBT’s should provide meaningful indications of the breakage and spalling resistance of large diameter balls. The current publication is focused on the interpretation and projection of DBT results to full industrial scale, taking into account all 3 mechanisms of grinding media consumption in SAG mills.INTRODUCTIONA thorough, quantitative understanding of the independent contribution of all active grinding media consumption mechanisms is of the highest practical relevance, particularly in semiautogenous (SAG) milling operations where ball breakage and spalling can not be ignored or neglected, as it has been normally acceptable for conventional ball milling processes. The high severity impact conditions currently imposed in typical SAG mill environments create serious challenges to the manufacturers and suppliers of large diameter (5”–6”) SAG balls, whose products must be capable of surviving such harsh operational conditions with minimum breakage or spalling."

Jan 1, 2015

By M Jones, G Corder, A C. Keith

"Sustainable development has become an issue of ever increasing importance to the mining industry. The Ernst & Young (EY) mining industry risk radar regularly shows several sustainability elements in the top ten risks, with social license the number three risk in the 2014/15 survey. This is supported by the Fraser Institute survey results of 2013 showing that 36 per cent of responding companies indicated public opposition had affected their permitting and approvals process.Addressing these issues in a strategic way across a mining business that is then translatable to actions at operational level has remained an elusive goal in the industry. In addition the environment and community issues are commonly viewed as somewhat separate from financial and production issues and as a compliance cost rather than a value add. In their Harvard Business Review paper of 2011, ‘Creating Shared Value’, Porter and Kramer outline changes in thinking required for companies to improve their business sustainably through considering the societal issues impacted by their operations and products. Along the lines of ‘doing more with less’ companies’ value chains can be redefined to reduce energy, transport, water or other resource usage leaving additional resource for societal usage and/or reducing environmental impacts. This paper explores the linking of the holistic Five Capitals-based approach with the creating shared value (CSV) concept to help businesses unleash the benefits of innovation. Previous papers have demonstrated the potential for Five Capitals approach to create strategic value through sustainable development. Building on previous work, this paper provides an overview of the current status of holistic approaches to mine management and presents the application of the CSV concept on an African mine currently undertaking capitals-based strategic planning. The paper also demonstrates the value that has been created through utilising this approach and proposes improvements for changing the way the industry tackles and delivers benefits related to sustainability issues.CITATION:Keith, A C, Corder, G and Jones, M, 2016. Strategic sustainable development – creating shared value in the mining industry, in Proceedings International Mine Management Conference, pp 249-264 (The Australasian Institute of Mining and Metallurgy: Melbourne)."

Jun 22, 2016

By Georges E. Vaillant

Air pollution control in primary aluminum smelter . Various processes are known for air pollution in electrolysis plants. Mainly two systems have to be taken into consideration: -Treatment of concentrated gases collected directly from hooded pots. This is normally achieved by either dry or wet process. This is not the object of this paper as these processes have been already described. -Treatment of low concentrated fumes. A certain amount of gaseous and solid fluoride (35 % of total fluor pollution) goes out of the hooded pot. Gases commonly called secondary fumes are generally treated by wet process. The object of 'this paper is to describe two plants with specific treatment for secondary fumes. 1/ A plant in operation in Vlissingen (Netherlands) for PECHINEY. 2/ Presentation of tests carried out by a specialized Company. The results of such tests have been used for the design of the scrubbers presently under construction for ALUMINIO ESPANOL San Ciprian (Spain).

Jan 1, 1978

By Jacques J. Eksteen

Metallurgical accounting around toll treatment smelters pose a number of challenges. This paper reviews the requirements for good sampling practice, and how conflicting requirements for good furnace operation and design often makes reliable closure of the metallurgical balance tenuous at best. Typical physical causes of variance and bias will be identified. The propagation of error (in the form of variance) will be discussed for a copper smelter.

Jan 1, 2006

By John W. Ahlrichs

Microscope, electron microprobe and x-ray diffraction have been used to provide quantitative evaluation of products from the mill, smelter, refinery and other metallurgical processes. Phase compositions and their quantities are necessary for an adequate understanding of the various products obtained throughout an operation and in laboratory testing. By careful evaluation, important information can be gained in improving recoveries and increasing grades at various stages of processing. Four case histories are discussed in this paper. Quantitative microscopic counting techniques are applied to mill products to determine degrees of locking and liberation of the economic minerals. Rapid, but accurate evaluation aids the metallurgist to develop or improve the grinding and flotation circuits. In the smelter, the identification and quantification of the phases are important for predicting reaction mechanisms and kinetic trends. Mineralogic techniques have been applied to conventional smelter products, and to those obtained in laboratory tests for newly developed innovations to smelting. Small, but important, values of gold occurrences in ore are difficult to determine. Evaluation of gold usually requires special separations into various mineral concentrates, followed by assays and mineralogic determinations of the products. Numerous occurrences of solid solution constituents can be treated as by-products, but often they are deleterious to metallurgical treatment. Most solid solution problems can be unraveled by the mineralogist's tools.

Jan 1, 1981

By Chen Jianhua, Shen Zhenchang, Zhang Ming, Chen Feifei

"With flotation cells scale-up, the performance of flotation cells is increasingly variated for short-coming and dead zones existing. The residence time distribution which shows the movement of tracers can assess the unexpected flows such as short circuit and dead zone in a flotation cell. In this paper, the residence time distribution of pilot flotation cell is investigated with CFD simulation. Based on the theoretical model, the short-coming probability and dead zone probability are quantitative. The ideal average residence time is similar with the actual average residence time. The mixing effect of the flotation cell approaches the ideal continuous stirred tank reactor. The operating parameters such as speed and feed velocity have complicated influence on residence time distribution. The research would be helpful to understanding flow in flotation cell and improving performances of flotation cell.INTRODUCTIONFroth flotation is a method which purifies minerals according to difference of physical and chemical surface characters of different mineral particles (Shen, Z., Chen J, 2012). Flotation cell is a key equipment for froth flotation method. The flotation cell performances have great influences on flotation index.It is difficult to evaluate flotation cell how to improve flotation procedure to complexity.The main flotation cell performances are aeration volume, air dispersion, solid suspension and residence time distribution, etc (Shen, Z., Lu, S., 2008). Residence time distribution is an important fluid hydrodynamics which could reveal the flow of pulp, mixing of particles and air bubbles. In the flotation cell, the ideal average residence time of pulp could obtain easily. But the fluid differential units would be different flow paths. The residence time of the fluid differential units is variation and would be longer or less than the average residence time. The residence time distribution would reveal the mixing effect and predict the not ideal flow in the flotation cell such as shorting cutting, dead zone, etc. As we know, the shorting cutting and dead zone would be decreased the real flotation time and it is disadvantage to better flotation effect, especially for large flotation cell. It is impossible to eliminate the not ideal flow totally. It is very important to reveal and decrease the shorting cutting and dead zone probability in the flotation cell."

Jan 1, 2018

By Noble AC

Ore reserve reporting practices in the United States may be broken into four general categories as follows: ò Reserve reports, often of an unofficial and preliminary nature, which are made through the news media. These are often based on exploratory drilling or sampling results. ò Reserve reports made for the purpose of raising public funds by issuing securities on the stock market, or as part of other filings to the United States Securities and Exchange Commission. ò Reserve reports to obtain private funds from banks, financial institutions, or other investors. ò Reserve reports for internal use and planning by companies operating or evaluating mineral properties. This paper discusses current practices for each of these types of ore reserves reports and reviews recent changes which have affected those practices.

Jan 1, 1987

By D. Bienstock, R. C. Kurtzrock, E. R. Bauer, J. H. Field

To remove hydrocarbons and carbon monoxide in automotive exhaust by oxidation , a catalyst of 4.2 percent Uз Og , 1.7 percent Cr₂ 0 , and 1.7 percent CuO supported on 1 /8 - inch y- alumina spheres was tested in a reactor in place of the muffler of a 1 / 2 - ton truck . Tests were made with both nonleaded and leaded gasolines . With the engine at operating temperature , tests were made with the engine idling and with the vehicle cruising at 30 mph . Auxiliary air was added to maintain an oxygen concentration of 3 to 4 percent in the gas leaving the catalytic reactor . The vehicle was operated for 83 hours (about 60 percent of the time with the engine idling ) and 525 miles with nonleaded gasoline . Conversions of 98 percent of the hydrocarbons and 100 percent of the carbon monoxide were achieved with the engine idling and with 7,000 ppm carbon atoms and 4- percent carbon monoxide in the feed to the reactor . Hydrocarbon conversions of 75 percent were obtained at cruising speeds of 30 mph with a feed of 1,700 ppm carbon atoms ; the carbon monoxide concentration was less than 0.3 percent in the feed and was unchanged in passage through the reactor . Identical activity was obtained initially in switching to a gasoline containing 1.9 ml tetraethyl lead (TEL) per gallon . However, there was a gradual loss in activity thereafter . Conversions in tests with the engine idling about 50 percent of the time , had decreased by 23 percent for the hydrocarbons and by 25 percent for the carbon monoxide from their initial values after 122 hours and 1,300 miles of operation with leaded gasoline . The levels of radioactive materials in the exhaust of the reactor and the radiation in the vehicle were negligible .

Jan 1, 1963

By Franz Wilhelmstoetter, Christian Karner

"The Confederation Line is phase one of Ottawa’s light rail transit, which consists of 13 stops and stations. The project’s center piece is a 2.5 kilometer (1.6 miles) long tunnel with three underground stations leading underneath downtown Ottawa and is constructed within feet of adjacent buildings. The downtown stations, Lyon and Parliament, are caverns approximately 16.5 m (54 ft) by 18 m (59 ft) in a horseshoe configuration constructed in rock, while the third station, Rideau, is approximately 22 m (72 ft) by 18 m (59 ft) in an oval configuration and constructed in mixed ground. The paper will discuss design decisions made early on in the project such as excavation method, unique construction sequencing, and equipment selection, and go on to include corresponding progress rates. The paper also documents design and construction challenges of large caverns in very close proximity to existing buildings and varying ground conditions. Finally, an overview of achieved construction milestones and a current construction progress will be presented. Station cavern excavation is expected to be completed in early 2016. INTRODUCTION The number of urban metro construction projects has certainly increased over the last decades. Cities are growing rapidly all over the planet and many are striving to keep up with the increased demand for public transportation. One of the most feasible types of inner-city transportation with the capacity for large quantities of passengers are metro (subway) systems. Still, large construction projects in dense urban areas often affect the city’s residents in mostly negative ways. During construction, residents face the obstacles of road closures, noise, dust, economic loss for businesses, and property value losses are common. In other words, individuals are directly affected by the way new infrastructures are planned, designed, built and operated. The tunneling industry offers unique opportunities of keeping these side effects to a minimum and possibly avoiding them all together. Although challenged by a variety of constraints (some of which will be discussed in this paper), urban tunneling applications offer a chance to keep cities environmentally, economically, socially, and culturally sound during construction."

Jan 1, 2016

By Cledwyn Mangunda

Mining operations generate Acid Mine Drainage (AMD) that poses a significant threat to the natural environment. AMD treatment using Ca(OH)2 leads to the precipitation of a sludge dominated by a mixture of ferri-oxyhydroxides. This sludge has poor dewatering tendencies and is deposited in landfills with potential for metal remobilization. This study investigated the dewatering behaviour of a precipitate formed during elevated temperature treatment of a primary, pre-settled sludge from the neutralisation of aqueous acidic Fe2(SO4)3 and Ca(OH)2 solutions in an MSMPR reactor. The resulting treated precipitates were analysed for micro-properties, with results showing that an increase in the secondary reactor temperature from 25 °C up to 50 °C led to an increase in mean particle size, a decrease in the number of particles and improved dewatering behaviour at a ferric concentration of 300 mg/L. This was ascribed to the attainment of a circum-neutral surface charge that favoured agglomeration and a change in micro and nano-structure that allowed for better water passage.

By G J. A Dewar

The Australian Corporations Law generally requires Independent Expert Reports to be presented in support of capital raising or in defence of mergers and takeovers. The introduction of the VALMIN Code in 1995 (and its recent revision issued as the VALMIN Code, 1998) made Assessment and Valuation Reports in these circumstances much more comprehensible than before because of its key requirements for transparency and materiality. By forcing the Independent Valuer to provide an explanation of the reasoning behind the estimation of a particular resource asset, VALMIN allows the reader to clearly see any error or illogicality in the valuation methodology used and to seriously question or even reject the resulting value. Even though many elements of resource asset valuation practice are undeniably subjective, there must be some basis of objective rationality to it. Independent resource asset Valuers are the essential link between mineral explorers/miners on the one hand and brokers/analysts/fund managers/investors on the other. The minerals and financial industries both expect them to not use inappropriate or invalid valuation methods and illogical steps within these methods. This paper examines some of the less sensible ways in which some of the main techniques that Valuers commonly use to assess the fair market value of mineral properties have been applied in recent instances. The authors hope to discourage the adoption or perpetration of the æWhat-number-did-you-have-in-mind?' approach. It is MINVALÆs view that as many methods as possible should be used in any resource asset valuation. If any of the resulting estimates are in approximate agreement (particularly if they were derived using the less subjective of the available methods), ie if they cluster, they are probably more persuasive as being the Preferred Value of the asset than outlier values within the Valuation Range.

Jan 1, 1999

By Mark S. Sanders

Based on laboratory tests and preliminary field tests of off-the-shelf steel toed rubber boots, a molded sole design was developed to provide increased traction over conventional calendared sole miners' boots. The pattern provided sharp edges perpendicular to both lateral and fore-aft slip vectors. The sole was designed to reduce mud caking. An instep lace-up capability was added to better secure the foot inside the boot. A five month field evaluation compared the prototype boots to the boots the participants usually wear. Although objective slip and fall data showed no significant advantage for the prototype, subjective evaluations made by the participants indicated increased traction for the prototype boots. Approximately 75 percent preferred the prototype to their own boot. Approximately one-third used the lace-up capability. It was concluded that molded soles provide better traction than calendared soles for the underground mining environment.

Jan 1, 1982