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By T Schrimpf, I Bryan

The life cycle of a mining project begins with initial regional exploration and ends with mine closure and rehabilitation. Between resource definition and the commencement of mine construction is the study phase. In this phase technical concepts and processes are defined, evaluated and assessed with the aim of establishing whether the deposit is economically feasible. The study phase usually involves various steps from a concept/scoping study to prefeasibility and ultimately definitive feasibility study. The complete study phase can take several years. Although the costs for studies are low in comparison to actual construction and operating costs of a mining project, they are significant especially for junior exploration and mining companies advancing projects to the point of being funded.The studies aim to determine selected parameters for the project, eg mining and processing methods, operating strategy, etc and provide a roadmap for project development ahead. Although mining studies are of the utmost importance for the mining project and the project owner, they are usually carried out using a conventional engineering approach: the consultant or design engineer works to a defined scope of work. The resulting design might be based on good engineering, but might often also fail to provide the solution for the project owner that delivers the best shareholder value. An alternative to this more traditional approach to project evaluation is what we have termed a value engineering approach. Value engineering is a creative, organised effort, which in the case of a mining study analyses the requirements of the study for the purpose of achieving the essential outcomes with the highest shareholder value. The outcome of a study is a concept that delivers the highest achievable value of the resource project and shows the way ahead to realise this value. Through a group investigation by experienced, multi-disciplinary teams the value of the resource is improved through the study of alternative options, methods and processes. The scope of the study is not limited to a narrowly defined engineering scope, but to the creation of value.The study commences with the identification of key value drivers and risks, based on the available information (drill data, geotechnical data, metallurgical test work, etc). This enables the quantification of key uncertainties, risks and value adding opportunities. Study efforts concentrate on key value drivers and are not unnecessarily spent on side issues. This approach can significantly reduce the time frame and costs for the study phase.This paper describes in more detail RMDSTEMÆs value engineering approach to mining studies and illustrates it with examples and case studies.CITATION:Schrimpf, T and Bryan, I, 2012. The application of value engineering principles to mining studies, in Proceedings Project Evaluation 2012 , pp 163-170 (The Australasian Institute of Mining and Metallurgy: Melbourne).

May 24, 2012

By F. D. Cannon

"In metal and nonmetallic mineral mines during the 15-year period 1911 to 1925, 30.17 per cent of all fatalities and 16.57 per cent of all injuries were caused by falls of rock or ore from the back or roof or from the wail; 1.24 per cent of the fatalities and 11.05 per cent of the injuries were caused by rock or ore while loading at the working face; 6.66 per cent of the .fatalities and 2.49 per cent of the injuries resulted from men falling down 3 chute, winze, raise, or stope; and run of ore from chute or pocket caused 1.48 per cent of the fatalities and 1.93 per cent of the injuries.3 Hence, accidents due to falls of men and material caused. 39.55 per cent of the fatalities and 34.05 per cent of the injuries in these mines. Accident prevention can best be assisted by each company's preserving complete records of accidents classified according to cause and rate per thousand or 10,000 shifts. A systematic method of recording accidents and the employment of graphs or charts will be helpful to the company safety department in analyzing the cruses of accidents. The purpose of this publication is to analyze data on accidents caused by falls of men and material in metal -mines of the United States, and to suggest methods of preventing or reducing such accidents."

Jun 1, 1929

By J. C. Rudolph

"THE TOPIC on which I am speaking this afternoon is ""The Future of the Canadian Oil Industry.'' At the time of C + 100, we should take a searching look at ourselves, an honest appraisal of our achievements and a forthright accounting of our shortcomings as well as the uniquely Canadian aspects of this industry. I would like to put before you some of my views on the direction we are taking in the exploration field and in the production field. I would also like to speak briefly on some of our problems and the role of the various segments of our industry in solving these problems.First of all, let us look at the exploration picture. We are in the midst of an exploration boom. There were 133 seismic crews active in Western Canada this winter, the highest since 1957, land prices are appreciating rapidly, Canadian oil reserves increased + 16 per cent during 1966, there is a great demand for technical personnel of every kind and the whole industry, except the drilling segment, seems to be prospering. This surge of activity has its roots in two major occurrences. The first of these was the change in the pro-ration system in Alberta, the major producing province, accompanied by the change in spacing pat-terns. The proration change was designed primarily to encourage in-creased exploration and it has certainly had this effect. It has also had the unforeseen effect of put-ting everyone into what we, in the oil business, call ""elephant hunting."" In other words, the days of the development of barely economic, marginal fields are over. Oil companies today are only interested in high-reserve, high-productivity, high-quality reservoirs."

Jan 1, 1968

By Ernest R. Lilley

THOSE acquainted with the fundamental differences between the, educational .systems of Great Britain and. the United States would hardly expect .the training of men for the petroleum industry to proceed along the same lines- in the two countries. The youth entering an English university is, except in the case of-the student from some of the British colonies or from foreign countries, almost invariably a product of the English "public school." This is in no sense comparable .with the American public school. It is a private institution, frequently of considerable age and heavily endowed. In many aspects it seems to be comparable with the American preparatory school. Yet to some extent its activities remind one of the first years of the undergraduate: course in the American college. Certainly it takes to-itself many of the social, functions of the American college.

Jan 1, 1931

Keeping an eye on the future while honoring the past, Frank McAllister, chief executive officer of Stillwater Mining Co., and life member of the National Mining Hall of Fame and Museum, gave the keynote address to a packed house during the 23rd National Mining Hall of Fame and Museum Banquet in Leadville, CO on Sept. 11. McAllister?s company made news just days before the induction ceremony, when it was announced that Stillwater Mining would acquire Marathon PGM Corp. for $118 million (ME, Oct. page 14).

Jan 1, 2010

By Bradley Stoughton

PROMINENCE has been given lately in engineering circles to the question whether an organisation with manifold interests can be as effective as one with a single aim, especially if that single aim be the furtherance of affairs of moment and the welfare of engineers in general. In its earlier days, the A. I. M. E. was forbidden by its constitution to engage in non-technical public affairs, but the members altered the constitution in this respect, in the year 1912, in response to the growing demand that engineers be more human in their interests and that the engineering societies represent them in this respect. Since that time, the activity of mining engineers in public affairs has been growing rapidly, and we are happy that the Institute has been able to render very valuable economic services. Doubtless the greatest public service rendered by engineers in a recent great emergency was the work of the Naval Consulting Board, without which the U. S. Navy would never have been able to enter promptly into service upon our entrance into the war, ,and both Navy and Army would have been a long time without the munitions that came at an early date. We can never forget that this Board was established through the direct activity of the then President of the A. I. M. E., with the hearty cooperation of other national organizations.

Jan 1, 1920

By Richard L. Gordon

At almost no time since the end of World War I has the coal industry been free from serious threats to its competitive position. At present, the critical question is whether the industry can maintain its position in the electric power market and this paper reviews the prospects in this area. Our report is part of a study, supported by Resources for the Future Inc., dealing with coal demand in general. Like most elements of coal economics, it has received much less analysis than problems in other energy sectors--a defect we felt worth correcting. We have concentrated on electric power elements of the market. The nature of the coal market makes this the natural choice. Three markets absorb over 80 per cent of coal production and are considered in our overall work. The completely excluded sectors are largely catchall categories in which coal use is declining anyway. Comparing the three markets included in the overall study, we see: modest growth is the most optimistic forecast for metallurgical coke; export growth depends to a large extent on policies of foreign governments. Electric power use, however, has rapidly grown to absorb over half of coal output and coal's prospects depend almost entirely on continued expansion of this market. Throughout the 1960's the demand for coal used to generate electrical power in the United States grew at an average rate of 6.5 per cent annually. This growth rate will be sustained until at least 1976.

Jan 1, 1971

By J. B. Knaebel

I have been asked to discuss the "Development of the Twin Buttes Mine for Production." This property, which is a large low-grade open pit copper mine about 25 miles south of Tucson, Arizona, was recently brought into production by The Anaconda Company under a long-term lease agreement with the Banner Mining Company. Since the scope of this paper is limited to the subject broadly indicated by its title I will confine discussion of historical, environmental and other general matters to a brief summary sufficient, I hope, to establish a background of those conditions which influenced our approach to the technical and economic problems that faced us at Twin Buttes. The paper deals primarily with our studies and activities related to the solution of these problems and with the resulting engineering and business decisions that were taken - decisions which culminated last September in the initial commercial operation of another major open pit copper producer unique and interesting in several respects.

Jan 1, 1970

By B. Boutilier, R. Mendoza

"First Majestic Silver Corp. (FMS) is a silver mining company founded in 2002 that operates exclusively in Mexico. It has six producing silver mines, one of which is the La Encantada silver mine (La Encantada) located in the state Coahuila. La Encantada is located near the southern United States border and 708 km (440 miles) north of the city Torreon.La Encantada is located in the Sierra Madre Oriental and is a high-temperature carbonate replacement deposit. Mineralization in La Encantada occurs in many different forms such as veins, chimneys, breccia pipes and reefs (mantos). Mineralization is mainly oxides of iron, zinc, lead and manganese, with high concentrations of sulfides at depth relating to two main intrusive events: the Milagros Intrusive and the La Prieta Skarn.Mining began in La Encantada during the 1950s with small vertical shafts, drifts and raises. It focuses on the high-grade silver zones using traditional hoists and extraction methods, before branching into two main separate mining camps: El Plomo and Penoles camp. Penoles, the previous owner, focused mainly on large ore bodies using post pillar cut-and-fill mining method to extract the higher-grade material. Due to the type of ground, irregularity of pillars, and rock conditions, large amounts of high-grade pillars had to be left in situ to ensure the stability of the excavations. The mined-out areas would then be filled with lower-grade material to assist in the stability of the secondary level. These room-and-pillar development entries were 2.5 m x 2.5 m (8.2 ft x 8.2 ft) and spaced every 10 m (32 ft), leaving a vertical pillar of 7.5 m (25 ft). First Majestic acquired La Encantada in 2006. After the acquisition of the mine, the company began the conversion of the surveying reference system from a local grid (Maria Isabel Shaft as 0,0) to the Nav27 coordinate system, and subsequently converted to the WGS84 coordinate system in 2015. Due to the extensive history of the mine, different areas were surveyed with different systems, causing significant challenges when designing the principal extraction levels, pillar heights and ramp locations. To overcome this difficulty, the entire mine was resurveyed and the old workings transposed to the new coordinate system, except for some inaccessible areas due to poor ground conditions or ground collapses. To further ensure pillar height and the safety of the mine workers, probe holes were drilled during the development process."

Sep 1, 2019

Existing geological structures such as faults or shear zones can greatly influence the interpretations of amplitude or energy attenuations of measured blasting vibrations along both affected and unaffected orientations. Mineralisation in conjunction with large faults or shears is commonplace in the geology of steeply dipping metalliferous deposits, such as those found in the goldfields of Western Australia. Better understanding of the influence of faults or shear zones on blast-induced seismic waves can lead to more effective blast vibration monitoring programs and interpretation of the results measured along affected orientations.

Jan 1, 2011

DCF Valuations are very important to individuals and companies involved in the mining industry. Such valuations are critical to investment decisions in relation to new and existing projects. In particular they provide fundamental information to shareholders in the event of a capital raising or takeover and to financiers supporting mining companies and projects. Also, DCF Valuations are often used to support asset carrying values in the financial statements of mining companies. This paper presents a Chartered Accountant's (CA's) perspective on the main issues to be considered in preparing, analysing and relying upon DCF methods in mineral valuations and provides some practical examples relating to key issues. The paper makes the important point that DCF methods involve making assumptions about future events and circumstances that inherently contain uncertainty which results in a valuation prepared on a DCF basis providing a range of values that are not perfect or accurate. In order that DCF valuations provide meaningful information the underlying methodology used and assumptions made must be consistent, sound and well supported. Credibility of those involved in preparing mineral valuations is vital and this paper supports the adoption of sound practices by all concerned.

Jan 1, 1994

By Xuewei Lv, Yuelin Qin, Guibao Qiu, Chenguang Bai

"Blast furnace slag (BF slag), is the main by-product in the ironmaking process, which contains large amounts of sensible heat. To recover the sensible heat, this paper described the hot experiments which were carried out in a rotary multi-nozzles cup atomizer, where the molten BFS was transformed into granules without water impingement; subsequently, a new method-pyrolysis the printed circuited board (PCB) with the hot BFS particle, was proposed for recovering the sensible heat in this study. The gaseous products were analyzed by gas analyzer. The residual of the PCB was analyzed by FT-IR and XRD respectively, and the obtained slag particles were analyzed by XRD.The results showed that it is a feasible process of pyrolyzing PCB powder with the hot BFS particle. The sensible heat of hot BF slag could be converted to chemical heat and a large amount of combustible gas could also be generated during the process.IntroductionDue to the rising of the product cost of blast furnace iron (BFI) and the increasing public awareness of environmental problems, the steel industries have to focus on the energy saving and emission reduction. Blast furnace slag (BF slag) is a byproduct from blast furnace exhaust temperature of 1450°C or so, is a high-quality waste heat resources. In China, the steel industry produces approximately 220Mt ofBFS per year, and the enthalpy of those slags is approximately equivalent to 13.3% of the whole energy consumption in the ironmaking process[!]. It can be seen, recycling waste heat is an important way of energy saving for iron and steel enterprises. The molten slag was treated by conventional water quenching method without any recovery of heat in spite of its huge potential. Also, the water quenching process consumes a plenty of water, pollutes the air and water[2]. Additionally, the extra energy is necessary for the drying process of slag to produce cement. As a kind of secondhand resource which can be reused, the BF slag contains a large amount of sensible heat. To recover the sensible heat of BF slag, three key problems should be considered, which refer to ( 1) the dry granulation of BFS without consuming water, (2) how to recover the heat of slag particles efficiently, (3) how to use the slag particles after heat recovery."

Jan 1, 2012

By F. A. Charalambous

Brannerite is commonly referred to as a refractory uranium mineral as it is usually highly resistant to acid leaching. There is however widely varying literature data on brannerite leaching, with some studies reporting that brannerite leaching can be achieved under relatively mild conditions. The differences observed for brannerite leaching are most likely due to the high degree of variation in the composition and structure observed in natural brannerites. These aspects of brannerite chemistry however are not very well understood due to a lack of fundamental research. The aims of this study were to investigate and develop methods for synthesising brannerites of varying composition and to investigate the effects of composition on brannerite leaching in acidic conditions.

Aug 1, 2010

GREETING Hail! Hail! the Coal Miner, Damn the operator, damn the operator, Hail! Hail to mining coal We'll tell 'em how to run the mines. Oh, we'll send out a questionnaire And we'll quiz 'em, we will razz 'em for fair, We'll ask about the profits and order them to stop it Tell the world we're going to stop right there. Hail! Hail! etc. NASH AND PRYDE Tune, "Gallagher and Shean" There are two mining men, the best I've ever spied, One is Mister Harry Nash, the other Mister Pryde. When these two fellows meet it surely is a treat, The things they do, and the things they say, And the funny way they greet. Say, Mister Harry Nash, Oh, Mister Harry Nash, Tell me what's on your mind this evening, Mr. Pryde; I have heard an awful lot of that steep coal mine you got, And I wondered if some one had up and lied. Oh, Mr. Pryde, Oh, Mister Pryde, It's so steep it seems to lie upon its side. If it were steeper than it is, it would put us out of biz, Absolutely, Mister Harry Nash, positively, Mr. Pryde. Oh, Mister Harry Nash, Oh, Mister Harry Nash, Somebody said that at this new mine you've begun 'Fore you mined a lump of coal, had to burrow like a mole, And of rock you dug out many a million ton. Oh, Mister Pryde, Oh, Mister Pryde, I hate to think of all the dough I supplied. I believe the Moffat Tunnel bore won't cost a single dollar more I don't think so Mister Harry Nash, I agree with Mister Pryde. PARTING Tune, "Leave Me With a Smile" Though a sea of strikes and low price squabbles, Follow us the while; Once a year we gather just to show them whether We still wear-a smile; Rocky music coal still packs a barrel full Of timely fun sans guile, Rocky Mountain Institute can follow such And smile its yearly smile.

Jan 1, 1924

By T. Braun

In 1911, a young mining engineer named Bartlett Thane assembled a large claim block, 4 miles southeast of Juneau, Alaska. Across the Gastineau Channel on Douglas Island, the Alaska Treadwell Gold Mining Company had, by 1904, produced gold valued at more than three times the purchase price of Alaska in 1867 (Kelly, 2010). Thane knew his deposit was lower grade than other mines or prospects in the area; however, if the deposit was developed on a large-scale, the trend and size of the deposit made the project potentially economic. In 1911, Thane developed a business plan for the project and successfully attracted investor interest. In 1912, Daniel C Jackling visited the property at the request of an east coast investment group. Upon inspection of 5 years of production records for the Perseverance Mine, Jackling saw an opportunity to apply the low-grade/high volume milling technology which was widely adopted to the copper porphyry deposits of the southwestern U.S. With a design capacity of 6,000 tons per day (5,454 tonnes/day), Jackling’s innovative mill design would require high volume underground mining methods and the power of two new hydroelectric projects. By 1915, the Alaska Gastineau Mining Company was in full production. Between 1915 and 1919, the mine and mill set production records for haulage and throughput. The hydroelectric projects proved to be successful engineering marvels. Operational difficulties related to ore grade, refractory elements and labor shortages interrupted production on an increasing basis. In 1921, the mining company permanently shut down operations. INTRODUCTION The Juneau Gold Belt begins at Windham Bay near the southern end of Stephens Passage and extends approximately 100 miles north to Berners Bay (Figure 1). The first large-scale and sustained underground mine, operated by the Alaska Treadwell Gold Mining Company in the late 1880’s, established the Juneau-Douglas area as the regional hub for transportation and development. In the mid-1890’s, the combined population of Juneau and Douglas reached approximately 3,000 residents, largely driven by employment and support demands of several small to mid-size underground gold mines in the region. By 1904, the value of the cumulative gold production of the Alaska Treadwell was five times greater than the purchase price of Alaska in 1867 (Kelly, 2010). By the turn of the 20th century, economic growth in the Juneau-Douglas area relied on supplies delivered from the lower 48. Passenger and freight shipping lines required 3 to 4 days to make the one-way trip from Seattle to Juneau. Established shipping routes required experienced crews due to navigation hazards and adverse weather conditions. Even with precautions at the time, steam ships and freighter vessels experienced breakdowns or encounters with natural hazards that resulted in damage or in some cases, sinking. Interestingly, with no roads or railroads connecting Juneau to other communities in southeast Alaska, Juneau still relies on seaborn shipping in the 21st century.

Jan 1, 2019

By L. López

Argentina reported about 40,000 tonnes of uranium (tU) as reasonably assured resources and inferred resources for the production cost category <130 US$/kgU in the OECD-NEA/IAEA classification scheme. These resources belong to the following projects: Sierra Pintada, Cerro Solo, Don Otto, Laguna Colorada, Laguna Salada, Meseta Central and Amarillo Grande. With three heavy water reactors in operation and an approximate installed capacity of 1.7 GWe, the current natural uranium requirements are about 220–250 tU per year. Based on various nuclear growth scenarios, it is estimated that by 2030 there will be a generation capacity of some 3,092 GWe for the reference case, with raw material needs of some 486 tU per year. Currently, there are no perspectives for local uranium production in the short term, and it is thought that uranium projects with identified resources must complete resource delineation and advance in technical pre-feasibility studies for the recovery of uranium. It is expected that Argentina continue meeting the uranium demand with imports in the next following years. In the Latin America region, both Brazil and Paraguay could be considered as potential uranium suppliers. In conclusion, despite the apparent growth prospects for the use of nuclear energy to generate electricity in Argentina, there are no immediate prospects for the provision of uranium oxide concentrates from domestic deposits for fuel fabrication. This has implications for supply and energy security.

Jan 1, 2020

By H. B. FERNALD

THE interesting and carefully developed formula which Professor Bucky presents for answering the question of whether proposed new equipment will give a net return on investment equal to or greater than that on present equipment starts with an assumption that the management may make this relative return a determining factor in its decision whether or not the new equipment should be provided. I do not question that in some cases the management may take this position, but I would point out the error involved in so doing. The proper test is not a comparison of the return on new as compared with the return on old investment, but is rather a comparison of the return on a particular new investment as compared with the return which would be obtainable from some other new investment which now might be made. Then I would point out that I believe Professor Bucky is in error in using as a factor in his computations the item of unamortized cost of old investment. The financial advantage to be derived from a new investment does not depend on the extent to which we may in the past have written off the cost of old equipment, nor does it even depend upon what was the original cost of that old equipment. Even the salvage or resale value of the old equipment will only enter into the picture to the extent that the present salvage or resale value differs from the ultimate salvage or resale value otherwise to be obtained, after due allowance for the interest factor.

Jan 1, 1930

By F. L. Bosqui

Discussion of the paper of F.* L. Bosqui, presented at the San Francisco meeting, September, 1915, and printed in Bulletin No. 101, May, 1915, pp. 997 to 1033. SIDNEY J. JENNINGS, New York, N. Y.-I notice Mr. Bosqui says that zinc dust can be used profitably. I had occasion recently to try to ship some zinc deist to South Africa, owing to the. high price of zinc in the last six or eight months and the difficulty in getting zinc sheets We were informed that the steamship companies in England refused to accept zinc dust for shipment through the tropics on the score that it was an explosive mixture. C. W. MERRILL, San Francisco, Cal.-In the early days zinc dust was packed in wooden casks. The steamers at that time were very chary of transporting it. It was put on the deck in the wooden casks, and if the zinc dust got wet it exploded. Since that time we have used hermetically sealed cases, in which case there is no risk whatever in its transportation.. This rule of the steamship companies is perhaps another sample of their ultra-conservativeness. HENNEN JENNINGS, Washington, D. C.-Unfortunately, I have not yet read Mr. Bosqui&apos;s paper, but believing it might interest you to know something of the beginning of the cyanide process on the Rand, I will speak briefly as to my own knowledge and experience of the early initiation of this process in South Africa. I took the position of consulting engineer of H., Eckstein, the parent firm of H. Eckstein & Co., and a branch of the firm of Wernher, Belt ,C Co., at Johannesburg, in December, 1889, and at that time the Robinson Co. managed by them was the premier company of the fields. Up to this date plate amalgamation and catchment of a small percentage of concentrates by blankets, and in a few instances Frue vanners, were the main gold-saving devices used and had obtained an extraction&apos; of only about 65 per cent of the gold contents of the ore. Also at that time the orebodies were seen to be changing from oxidized deposits to pyritic at varying depths from 50 ft. to 300 ft. below the surface, and uneasiness was felt as to future recovery. The deepest exploitation at any of the mines was not much below 300 ft.

Jan 12, 1915

By L. K. Daneshmend

The mine of the year 2020 will need to be based on a new way of mining. It will employ technology in a paradigm that assumes responsibility for sustainable development: taking account not only economic but also ecological and social issues. This will require a holistic approach to mine design and planning, considering all controlling factors and impacts (technical, economic, environmental and social). A national collaborative strategy is required to address the several options that exist for the development and application of 2020 mining technology. Key issues in implementing 2020 mining technology will also relate to human resources, in terms of employment, skills and education. A need exists to proactively prepare for 2020 through development of a comprehensive education and training strategy.

Jan 1, 1998

The Nak?azdli First Nation and the municipality of Fort St. James are located in the Stuart Lake/Nak?al Bun area and are not unfamiliar to mining. These northern British Columbian communities have been associated with the historic Pinchi Lake Mercury mine and today are closely linked with British Columbia?s newest mine, the Mt. Milligan mine. Prior to the construction of Mt. Milligan, community health and social service providers were concerned about potential impacts that would occur from new mineral development activities. This concern has led to a partnership between the above communities and researchers with expertise in the area of mining and health. This paper describes: the current mining and health environment with a focus on British Columbia; mining trends in the Stuart Lake/Nak?al Bun area; the current community-based health research project funded by the Vancouver Foundation and the Canadian Institutes of Health Research, and; a suite of community-based health recommendations to mining companies on key issues to consider when developing projects near municipalities and Aboriginal communities in Canada, based upon one of the newest mines under development in Canada.

Aug 1, 2013