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By H. M. Wells

The investment decision under uncertainty by H. M. WELLS, Pr. Eng., M.Se. (Fellow) The future outcome of a proposed investment is uncertain at the time the decision must be made to accept it or reject it. This uncertainty can be expressed in the form of a probability distribution. An attempt is made to rationalize the investment decision under these circumstances, especially when the range of possible outcomes extends into both the acceptable and unacceptable domains. A rigorous definition of risk is proposed, and a criterion of risk aversion is developed that forms the boundary between acceptable risk and unacceptable risk (called the loss limitation line). It is shown that this decision criterion can also serve as a quantitative yardstick in the evaluation of various possibilities for 'tailoring' the proposal to mlke it more compatible with the particular financial circumstances of the company concerned.

Jan 4, 1976

The optimization of sample spacing In South African gold mines by J. M. RENDU*, Eng. Se.D., M.S. (Min.) U.S.A. (Graduate Member) A first attempt is made at optimization of sample spacing in South African gold mines. The De Wijs model, which is shown to give a good representation of the geostatistical properties of gold values, is used to analyse the influence of the distance between samples along a stope face on the error of estimation of the stope value. The influence of other factors such as the face advance before resampling, the sample density, and the stope size, is also considered. Practical conclusions are drawn concerning the optimum sampling policy to be followed in various situations, and it is shown that sampling on a regular grid does not necessarily give the best results.

Jan 4, 1976

By Eugene Guccione

Upholding individual rights-and abhorring power politics-a newly formed group of young professionals is developing private nongovernmental solutions to environmental problems.

Jan 4, 1976

In 1973, US Borax & Chemical Corp. began investing three days wages and about $20 in training materials in every new employee before having him report to his first job. The result? Accidents involving new employees in the past two years have dropped by more than half from the 1972 level. What made this success possible was safety training done with programmed instruction materials-which, incidentally, US Borax also uses for vocational training.

Jan 4, 1976

By Thomas N. Walthier

Throughout the world, governments are placing increasingly severe restrictions on mineral exploration and mining activities. One result is that there are fewer places left where mining companies are wanted or investors are willing to go.

Jan 4, 1976

By C. Richard Tinsley

At least three major consortia are gearing up for actual mining tests in the near future, two prospective entrants are seeking partners, and significant behind-the-scene changes are occurring in attitudes at the Law of the Sea Conference. On top of this, the prospects for passage of a deep-ocean mining bill through Congress arc steadily improving, although Administration objections persist and the threat of a Ford veto remains.

Jan 4, 1976

Dusseldorf, West Germany, will serve as the host city for the Ninth \World Mining Congress during the week of May 24, 1976. An estimated 2500 members of the world mining community from both management and technical sectors are expected to attend the five-day technical meeting. This years theme, "Exploitation and Beneficiation of Mineral Raw Materials by the Mining Industry--A Key to Progress " is divided into four areas which include-

Jan 4, 1976

Jan 4, 1976

Ocean engineers and technologists will assemble in Houston, Texas, during May 3-6, 1976, for the Eighth Offshore Technology Conference (OTC) . More than 50,000 members of industry, government, and academia from 94 nations will participate in what is generally acknowledged as the offshore industry's show-of-shows. A well-diversified 280-paper technical program has been divided into 42 general sessions that range from seafloor surveying and offshore mining to navigation systems and environmental issues. In addition, the largest technical- educational exhibition in the conference's eight-year history will augment the OTC '76 program.

Jan 4, 1976

By G. S. Hansford, J. W. de Kock, C. D. Levy

Rheological measurements on pulps from South African gold mines by G. s. HANSFORD, Ph.D. (Pennsylvania), M.Sc. (Cape Town), C. D. LEVY, B.Sc. (Eng.), and J. W. DE KOCK, Ph.D. (Cantab.), B.Sc. (A.I.C.) (Visitors) A method is described for the determination of the rheological parameters of a fast-settling slurry with conventional viscometric measuring equipment. The effect of concentration, temperature, and pH on these parameters is investigated. The results agree with those obtained by previous workers using different viscometers, but this method allows a more detailed characterization of all the properties. From a literature survey, two semi-empirical equations were found that allow the effect of concentration, temperature, or pH on the rheological parameters to be correlated.

Jan 3, 1976

By P. Kind

Design criteria and recent developments in large-capacity Wemco flotation cells by P. KIND, Ph.D. (Clausthal), B.Sc. (Visitor) The scaling-up of the large flotation cells that have been developed during the past few years has been based on hydrodynamic considerations and has resulted in a 500 ft3 cell unit. Plant results on a porphyry copper ore show that the 500 ft3 unit is equivalent to the previously used 300 ft3 model.. . Plant tests on the use of 300 ft3 flotation cells for the recovery of phosphate, particularly from the coarse size fractions, are also described.

Jan 3, 1976

Jan 3, 1976

Inflation, fuel shortages, environmental restrictions, and a worldwide recession that sharply curtailed the demand for goods and services, were the main causes for the poor performance & virtually all industrial minerals in 1975. This poor showing was not a surprise. As Felix Shay correctly predicted in his introductory remarks to last year's industrial Minerals Review (ME, Feb. 1975, p. 70), ". . . the minerals industry will soon be facing falling demand as a consequence of sharp declines in auto production, housing, appliances, and other consumer goods. Moreover, when sales weaken. the high-volume, low-priced industrial minerals will incur sharply.

Jan 3, 1976

By C. H. Johannes, N. B. Strydom, C. H. Van Graan, J. G. A. Van Heerden

Note: The practical application of microclimate cooling in an underground stope in a gold mine by C. H. JOHANNES, C. H. VAN GRAAN, N. B. STRYDOM and J. G. A. VAN HEERDEN INTRODUCTION Although much information was available on the use of pre-frozen jackets as micro climate coolers in underground situations!, 2, no information was available on their performance under practical conditions in stopes. The objectives of this study were. O.F .S. Branch Minutes of the General Meeting held in the upstairs lounge at the Harmony Country Club, Harmony G.M. Co. limited, on Wednesday 12th November, 1975 at 4.00 p.m. NIM reports Report no. 343 A mineralogical investigation of gold-bearing sulphidic ore from the Florence-Devonian Mine, Barberton.(20th May, 1968; re-issued Dec. 1975). Report no. 1384 . Flotation tests on samples of Canadian copper-zinc ores. (12th Nov., 1971; re-issued Nov. 1975). The results are given of laboratory Report no. 1488 Extraction of rutile from Highveld smelter slags. (28th Sep., 1972; re. issued Nov., 1975). Report no. 1499 The production of medium -carbon ferrochromi'um. (4th Dec., 1972; reissued Nov. 1975). Report no. 1521 The dissipation of electrical power in the burden of a submerged-arc furnace. (15th Feb., 1973; re-issued Nov. 1975). Report no. 1527 The physicochemical properties of slags associated with the smelting of nickel sulphide concentrates. (21st Feb., 1973; re-issued Nov. 1975). Report no. 1544 The recovery of salable ferrochromium from material discarded by Ferrometals Limited. (11th Jun., 1973; re-issued Nov. 1975). Report no. 1547 Physicochemical and thermodynamic properties of slags in the system MgO-AlOl.5SiO2. (23rd Aug., 1973; re-issued Nov. 1975). Report no. 1548 Physicochemical properties of slags in the system MgO-Al2O3-SiO2 and their application to the technology of ferro-alloy smelting. (13th Jul., 1973; re-issued Nov. 1975). Report no. 1553 Characterization of the flotation properties of fluorspar from smallscale batch and pilotplant tests. (27th Sep., 1973; re-issued Nov. 1975). Report no. 1555 The analysis, by atomic-absorption spectrophotometry, of matte-leach residues. (2nd Oct., 1973; re-issued Nov. 1975). Report no. 1590 The separation of osmium from ruthenium in hydrochloric acid solutions. (18th Jan., 1974; re-issued Oct. 1975.) Report no. 1606 The electrical-resistance characteristics of the charge in the electric reduction furnace. (1st Feb., 1974; re-issued Oct. 1975). Report no. 1622 The electrical conductivity of the charge in a ferrosilicon furnace. (2nd Apr., 1974; reissued Oct. 1975).

Jan 3, 1976

The Anglovaal Group has released details concerning its new processes for recovering platinum group metals, stating that the Group's system, which involves batch processing and precipitation methods for these metals (PGM's), leads to faster recovery times, increased recoveries, and higher purities than the conventional process. Insofar as South Africa's Merensky Reef is concerned, the Anglovaal method of recovering palladium first (as opposed to platinum in the conventional process) enables it to use a much simpler process in the subsequent recovery of platinum and other metals. Because the processes give cleaner separations, the volume of material to be recirculated -and therefore the total volume of material in the recovery circuits- is reduced substantially.

Jan 3, 1976

Coal - Surface Mining Coal Preparation Coal Utilization Research and Development Health and Safety

Jan 3, 1976

By M. J. H. Tonkins, C. C. Crosson, G. Paterson

The development of drilling and blasting practice at Palabora Mining Company Limited by c. C. CROSSON, Pr. Eng., A.C.S.M. (Hons), BASe. (Min. Eng.) Toronto, M.!.M.M. (Member), M. J. H. TONKING, Pr. Eng., A.C.S.M., BASe. (Min. Eng.) Toronto, M.I.M.M. (Member), and G. PATERSON, B.Se. (Min. Eng.) Glasgow, M.!.M.M. (Visitor) Open-pit drilling and blasting practice at the Palabora Mining Company Limited is described, with particular reference to the development of aluminized slurry explosives. Rotary drilling of primary drill holes, drilling patterns, and blasting techniques for use with slurry explosives are described.

Jan 2, 1976

By N. C. Joughin, A. C. Buckmaster

The use of face conveyors in gold mines by N. C. JOUGHIN. B.Sc. (Eng.). Ph.D. (Wits) (Member) and A. C. BUCKMASTER; M.A. (Cantab.) A mechanized stope-cleaning system has been developed around an armoured face conveyor, which was tested on the surface and in two underground trials. In the second underground trial, an average face advance of 8,5 m per month was obtained with a labour productivity of 27 ca/worker/month on a two-shift blast cycle. Two new face cleaning systems have been built, each incorporating an armoured face conveyor, a loading plough, a collapsible self-advancing barricade, and an integral roof-support system. These are about to be tested. A new type of reciprocating flight conveyor is being developed for stope use. This is cheaper, lighter, and more compact, and exhibits better wear characteristics, than an armoured face conveyor. In the early stages of the trials, this conveyor frequently achieved a singleshift blast cycle. It should be possible to achieve face advances of up to 40 ca/worker/month with a consistent one-shift blast cycle. The use of drill rigs and a self-advancing roof-support system would improve the productivity to over 50 ca/worker/month.

Jan 2, 1976

If problems are opportunities in disguise, the mining industry certainly had plenty of "opportunities" in 1975. Considering the industry's generally lackluster 1975 profit record, and in view of the slowdown in inflation, there's some hope that 1976 might be a better year in spite of the increasing risks and uncertainties that plague the mining industry.

Jan 2, 1976

A remarkable industrial renaissance is underway in the People's Republic of China (PRC), says USBM's Dr. K. P. Wang in his recently released 96-page report on "The People's Republic of China-A New Industrial Power with a Strong Mineral Base." Dr. Wang's summary of the current mineral position of the PRC includes many insights into its future potential and trade possibilities with the West.

Jan 2, 1976