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By Pedro L. Lizaur

INTRODUCTION The degree of success of an association between parties in establishing a new venture ultimately depends on three factors: a. the venture's underlying economic strength, which is based on the complementarity of the comparative advantages brought by each party to the negotiating table; b. the ability to reach an agreement which satisfies each party's objectives and constraints; and, c. the capacity to design and implement a funding structure which is consistent with the project economics. A thorough assessment of the venture's profitability and associated risks under alternative technical and economic scenarios is the basis for a sound "go" or "no go" decision. In-depth evaluation of the risks and rewards to each of the parties involved under alternative legal and financial structure must be the foundation for a long lasting "how to go" decision. The allocation of risks and rewards should be consistent with the objectives and constraints of all parties and the sharing mechanisms, established in the contract, should be flexible to assure the long-term stability of the agreement. Rapidly changing economic conditions during the last decade have had a dramatic impact on the envisaged allocation of risks and rewards between host countries and private investors. The effects of these changes, and the fact that the relative strengths of the parties involved may shift during the life of a project (e.g. before and after major capital investments have been made), have forced the renegotiation of a multitude of contracts. Therefore, the present and future stability of an economic agreement would depend not only on the originally designed provisions, but also on provisions which allow for the automatic adjustment of rewards to project sponsors under a variety of future economic situations. A pre-condition for the allocation and quantification of risks and rewards is the definition of standards of measurement used by each of the parties. This is critical in international negotiations when one of the parties represents the national interests of a country. The understanding and use of different standards for the measurement of rewards for risk taken between a government and private enterprise facilitate the negotiation of a satisfactory agreement. This is possible because certain trade-offs between the negotiating parties may have different relative values. STANDARDS OF MEASUREMENT OF REWARDS FOR RISK TAKEN The negotiating process takes a step forward when the parties are able to focus on their interests, explore different alternative solutions and then base results on a set of objective standards. Unfortunately, the parties frequently put more effort into "staking out" and defending positions, than into understanding their intrinsic interests. Moreover, when one party, such as a governemnt owned corporation, represents a country's national interests, the negotiation process increases in complexity. Private firms focus on commercial profitability, using discounted cash flow techniques such as NPV, IRR, or ROE. In contrast, the government is also concerned with the project's impact on the local socio-economic environment. Without entering into a discussion of alternative economic development theories and approaches, there exist several possible measures that could be pragmatically utilized by each party in evaluating the socio-economic impact of a project. The more complete measure is the National Profitability (NP). The NP is a discounted cash flow procedure similar in structure to IRR or NPV but in which the project's financial cash inflows and outflows and discount rates are adjusted to take into consideration the local conditions. The NP is calculated on an unlevered basis and all taxes and duties are removed from the project

Jan 1, 1985

By C. M. Haight

THE mine blacksmith and drill-steel sharpening shop at the Franklin mine of the New Jersey Zinc Co. is on the surface, adjoining the main shaft. It is a brick building, 51 by 30 ft. inside dimensions, with a corrugated iron roof and concrete floor. About two-thirds of the steels used are brought up through the main shaft; the remainder through two auxiliary shafts. The latter are carried to the shop by team or truck. At each shaft sufficiently large stocks of sharp drills of various types are kept to replace all the dull steels that may be sent up; while at the shop enough sharp drills are kept to replace the dull steels in the stocks kept at the auxiliary shafts. Though this entails keeping a larger number of drill steels in service than might be required by other methods, there is less hurry in the sharpening shop and the steels have a longer period of rest. If a rest from use enables steel to recover from fatigue strains, this method secures that rest. The forms shown in Fig. 1 are supplied to each shift boss in books of 100. These are used to requisition sharp drills from the shaft stocks and enable the men at the tops of the shafts to sort out the required sizes and to have them ready to be sent to the various shaft stations. At one of the auxiliary shafts, the dull drills are placed on a platform from which they are dumped into the body of the wagon that takes them to the shop.

Jan 2, 1926

By C. M. Haight

THE mine blacksmith and drill-steel sharpening shop at the Franklin mine of the New Jersey Zinc Co. is on the surface, adjoining the main shaft. It is a brick building, 51 by 30 ft. inside dimensions, with a corrugated iron roof and concrete floor. About two-thirds of the steels used are brought up through the main shaft; the remainder through two auxiliary shafts. The latter are carried to the shop by team or truck. At each shaft sufficiently large stocks of sharp drills of various types are kept to replace all the dull steels that may be sent up; while at the shop enough sharp drills are kept to replace the dull steels in. the stocks kept at the auxiliary shafts. Though this entails keeping a larger number of drill steels in service than might be required by other methods, there is less hurry in the sharpening shop and the steels have a longer period of rest. If a rest from use enables steel to recover from fatigue strains, this method secures that rest. The forms shown in Fig. 1 are supplied to each shift boss in books of 100. These are used to requisition sharp drills from the shaft stocks and enable the men at the tops of the shafts to sort out the required sizes and to have them ready to be sent to the various shaft stations. At one of the auxiliary shafts, the dull drills are placed on a platform from which they are dumped into the body of the wagon that takes them to the shop.

Jan 2, 1926

By Charles J. Haas

The effectiveness of rock bolts in resisting shear displacement along preexisting fracture surfaces or slip planes was determined in the laboratory with full-scale bolts and large-scale shear test equipment. The system variables were the type of bolt, orientation of bolt relative to shear surface, and normal pressure on the interface. Results showed that, in general, both conventional bolts and resin- grouted reinforcing bars significantly increase the shear resistance along a fracture or bedding plane when the average normal compressive stress on the plane is in the order of 25 psi and when the bolt is oriented such that it tends to lengthen as the shear progresses. An increase in shear resistance is also noted at the higher normal pressure of 250 psi; however, the increase is small compared to the corresponding shear resistance without a bolt. Conventional bolts oriented such that they lose tension as shear displacement occurs added no shear resistance since the tension drops to zero at very small shear displacements.

Jan 1, 1977

By William G. Pariseau

The extraction ratio approach to pillar design in flat seams is based on a mathematically exact analysis that is a reasonable physical approximation to room-and-pillar layouts in many instances. The essentials of the approach are reviewed and then mathematically approximate formulas for pillar design in inclined seams of arbitrary dip are proposed. Detailed numerical analysis of stress about a typical 5 entry, 4 pillar panel at dips of 0, 15, 30, 45, 60, 75 and 90 degrees at low and high extraction ratios show that the proposed inclined seam extraction ratio formulas for pillar normal and shear stresses, although conservative, have an accuracy quite adequate for engineering purposes. Appropriate pillar safety factors for compressive and shear failure and a safety criterion for overturning are specified.

Jan 1, 1982

By Nick Barton

Simple methods for estimating the shear strength of rock joints and waste rock are reviewed. For the case of rock joints, the methods are based on a quantitative characterization of the joint roughness and the joint wall strength. Size-effects are found to reduce the peak strength of large joint samples to values below the ultimate or so-called "residual" values measured in the laboratory. Tilt tests and surface profiling on natural size blocks within the jointed rock mass are recommended for obtaining scale-free properties. The joint parameters obtained can be used to model complete strength-displacement-dilation behavior if this level of input is required. Large scale tilt tests can be performed with advantage on both rock joints and waste rock. The behavior of these two materials is surprisingly similar. Both are influenced by the size-effects on the compression strength of the rock, and both have similar log-linear relationships between effective normal stress and the peak drained friction angles. The resulting high values of friction near the toe or close to a slope face in either material can be misleading.

Jan 1, 1983

By E. R. Palowitch, P. H. Broussard

The United States aims to achieve some modicum of energy self-sufficiency through means such as conservation, increased domestic oil and gas production, substitution by the electric utilities of coal or coaloil mixtures for oil and gas, and development of a viable synthetic liquid fuels industry. Coal's role in attaining this goal will necessitate doubling coal production by the end of the 1980's. And if the United States does in fact become the World's Saudi Arabia of coal, the total annual production to meet these domestic needs and export markets could double again by the year 2,000. As only a small portion of our Nation's reserves are recoverable by state-of-the-art surface mining methods, most of the coal produced in the future will have to be mined underground (Averitt, 1975). But this projected increase in coal demand is occurring in the face of a decade of radically decreasing productivity. Specifically, average worker productivity in underground coal mines has decreased from 14.2 tonnes (metric tons) per workershift in 1969 to 7.2 tonnes per worker-shift in 1979; and 95 percent of coal produced underground during this period was produced by room-and-pillar methods (U.S. Dept. of Energy, 1980). Although there is no complete agreement on the impact of recent Federal legislation, there is strong correlation between the dramatic decrease in productivity in underground coal mining and the implementation of the recent Federal mine health and safety regulations (U.S. Congress, 1969). A review of the wide range of coal mining research, development, and demonstration projects currently being funded by the federal government and by industry gives little encouragement for increasing worker productivity on room-and-pillar sections underground in the immediate future (Palowitch, 1978). Conversely, the opportunities for increasing production/productivity underground with longwall methods appear somewhat more encouraging. Although at least one longwall face in the U.S. did produce more than one million tonnes of coal in a single year, the national two-shift average production from one hundred or so longwall faces is about 1,000 tonnes per day (Huwood-Irwin Co., 1978 and Consolidation Coal Company, 1976). Clearly, there exists some real opportunities for improvement. One of these opportunities is to automate the cutter-loader.

Jan 1, 1981

By AIME AIME

CHARLES A. CHASE, manager of the Shenandoah-Dives Syndicate, operating the Shenandoah Mines in southwestern Colorado, reviewed the current work at that property at a recent meeting of the Colorado Section, in Denver. This operation is a new one, having been in effect only two years, but the properties that were consolidated by Mr. Chase had had certain production in earlier years, since when they had: been inactive. These properties are located. in the high mountains of the San Juan section in Colorado, and although they had had a substantial production of ores of good grade in the upper levels, the project as a whole involved the bold undertaking of driving through the mountain, starting on the Mayflower claim on the Arrastre Gulch side and passing through the Mayflower, Slide, Terrible, North Star, Dives and Shenandoah No. 3 claims. This is a distance of over 8,000 ft. which is known to be mineralized, and the main operating tunnel was started at an elevation of approximately 11,000 ft. The main exploration work has already extended in nearly 4,200 ft. and the present mining production of nearly 550 tons daily is being secured while the main exploration work is being continued. The main heading is now within the North Star claim and the plan of operations involves continuing ahead for a few hundred feet and then starting an upraise which will he 2,200 ft. high and which will connect with the old workings of the North Star mine. The plan of ruining then will he to drive levels along the vein in both, directions to daylight and retreat downward, taking out all the ore and abandoning, the workings after the ore is removed. In this way one level after another progressing downward will be abandoned. The raise will be of two compartments, one of which will carry the 8-ton skip and the other the counterweight and manway. So far the ore has been broken over an average width of more than 11 ft., with an output of 39 tons per machine shift.

Jan 1, 1932

The growth and influence of Sherritt Gordon Mines Ltd. in the nickel producing industry has been quite phenomenal. Although the company's Lynn Lake deposit in Manitoba was actually dis- covered in 1941, it was not until 1945, when men and materials were more readily available as a result of the end of World War II, that the area was staked and news of the discovery leaked out. As a result of the discovery, Professor Frank Forward of the University of British Columbia was commissioned by Eldon Brown, then President and Man- aging Director of Sherritt, to develop a new nickel refining process. A pilot plant, based on the results of Professor Forward's research, was constructed in Ottawa, and after the successful testing of the Lynn Lake ore, Chemical Construction Co. was given a con- tract in 1952 for construction of a producing plant. By 1954, the Fort Saskatchewan refinery was operating at an annual production of 15 million lb of nickel metal in the form of briquetts or powder. Capacity has since been increased to 30 million lb.

Jan 10, 1968

By Alan E. Gallie

SHERRITT Gordon Co. was formed in 1927 to exploit a copper zinc orebody located in the bush 90 miles north of The Pas, Manitoba. The mine went into production in 1931, operated for a year and a half, and closed because of the low price of copper. Reopened in 1937, it operated continuously until mined out in 1951, producing 8.5 million tons of ore. From 1937 on Sherritt Gordon conducted an energetic prospecting program throughout northern Manitoba, giving particular attention to the belt of favorable greenstone rocks north of the Churchill River. From 1937 to 1941 a number of gold showings were located but nothing of economic value was found.

Jan 3, 1957

By Joseph Richards

THERE are two essentially different types of case-hardening processes; that using a dry mixture in which the object to be case-hardened is packed and kept for the necessary time at the necessary temperature, and the "liquid" process, employing a bath of fused, salts into which the object- is immersed and which by immediate contact case-hardens the surface of the article. The Shimer process belongs to the second class, and was a war emergency invention. Of the liquid melts used as baths, the most effective and most fre¬quently used are melted potassium cyanide and melted sodium cyanide. These may be used either pure, or mixed with salts that reduce the melting point and the percentage of cyanide present. The use of these baths since 1914 has met many commercial difficulties because of the high price and frequent commercial scarcity of the cyanide salts; at present sodium cyanide has practically entirely displaced potassium cyanide. Another trouble is the danger to the workmen handling the cyanide salts, which are extremely poisonous, and the annoying and poisonous vapors or gases given off in the workshop, unless an effective system of hoods and ventilation is provided, so as to prevent the gases from the baths mixing with the air of the room. Porter W. Shimer, of Easton, Pa., has invented a substitute for the bath of melted cyanides which case-hardens with equal or greater facility and effectiveness, gives off no poisonous vapors, and costs for chemicals materially less than the cyanide costs in the previously used baths. The process has been in use over a year in a large American works and the following statement embodies the results of practical experience in the use and operation of the process. The Shinier liquid or melted bath consists of a mixture of easily fusible salts that do not possess case-hardening properties, into which is immersed fresh calcium cyanamide, which imparts to the bath case-hardening properties. The composition of the non-case-hardening-,salts appears rather immaterial. Good results have been obtained by using a mixture of sodium chloride, calcium chloride, and barium chloride in

Jan 2, 1919

CHAIRMAN (J . E. JOHNSON, J R., New York, N. Y.).-It may be n matter of some interest that sodium cyanide is now being made commercially by melting together in an electric furnace calcium cyanide with a common salt, which produces calcium chloride and sodium cyanide. It seems to me entirely possible that you have here about the same results that would be obtained by melting calcium chloride and ordinary cyanide together, only you obtain it a good deal cheaper. There is no doubt about that reaction once it is being carried on on a large industrial scale for the manufacture of cyanide for other uses. I think probably the same, thing takes place here, with the possible exception of lowering the melting point due to the presence of the calcium chloride.

Jan 5, 1919

P. W. SHIMER, Easton, Pa. (written discussion*).-When lump calcium cyanamid is immersed in the melt of mixed chlorides of the alkalies and alkaline earths in the manner described in the paper, the amount of sodium cyanide formed in the melt, as shown by numerous analyses, is but a small fraction of that formed by the reaction referred to by Mr. Johnson. The case-hardening effects in my process are, however, at least as good as when the common cyanide baths are used. Moreover, when compared with the cyanide baths, the gases evolved in the new process are harmless, consisting of nitrogen, carbon monoxide (which burns to carbon dioxide on the surface of the melt), and occasionally a little carbon dioxide. These gases are not irritating or poisonous, whereas the vapors arising from cyanide baths are both irritating and poisonous. The complex chemical reactions that take place in and on the surface of the melt are being investigated by the writer, who hopes, in due time, to communicate the results of his work.

Jan 7, 1919

By John Hall

(New York Meeting, October, 1913.) THE Fremont test for measuring the energy consumed in breaking a notched bar of steel is not so well known in this country as it deserves to be. The test specimen used in this test is about 3/8 by 1/4 by about 11/4 in., notched with a hack saw on the lower side to cause the piece to break at a fixed point. A weight of 10 kg. falling 4 m., and provided with a knife or. chisel which strikes the specimen, breaks the test piece by impact. The residual force in the falling weight after it has broken the specimen is recorded by a suitable device, and the difference between the total energy and the residual energy of the weight (in kilogrammeters) is the force consumed in breaking the specimen. An experience of several years with the Fremont testing machine has shown its great value in readily detecting brittleness not revealed by tensile testing or slow bending testing. In this paper it is proposed to discuss (1) the supersensitiveness of the test as applied to cast steel and (2) its value in revealing the effect of heat treatment under certain conditions.

Jan 7, 1913

By John Hall

THE Fremont test for measuring the energy consumed in breaking a notched bar of steel is not so well known in this country as it deserves to be. The test specimen used in this test is about 3/8 by 1/4 by about 1 1/4 in., notched with a hack saw on the lower side to cause the piece to break at a fixed point. A weight of 10 kg. falling 4 m., and provided with a knife or chisel which strikes the specimen, breaks the test piece by impact. The residual force in the falling weight after it has broken the specimen is recorded by a suitable device, and the difference between the total energy and the residual energy of the weight (in kilogrammeters) is the force consumed in breaking the specimen. An experience of several years with the Fremont testing machine has shown its great value in readily detecting brittleness not revealed by tensile testing or slow bending testing. I this paper it is proposed to discuss (1) the supersensitiveness of the test as applied to cast steel and (2) its value in revealing the effect of heat treatment under certain conditions. .

Jan 7, 1913

Discussion of the paper of John H. Hall, presented at the New York. Meeting, October, 1913, and printed in Bulletin No. 79, July, 1913, pp. 1247 to 1256. WILLIAM 'R. WEBSTER, Philadelphia, Pa.:-I would like to call ,attention to the fact that the results of the ordinary tension and bend tests do not always give us the information we want even if we figure out the amount of work done. You want a bending test of sufficient width and full thickness. In the case of eyebars, for instance, I have had experience with a 10- by 1-in. eyebar which gave perfectly good results in a full-size test of the finished bar. The 10- by 1.5-in. and 10- by 1.75-in. eyebars from the same heats-of steel were absolutely worthless in full-size tests. The narrow bending tests from all these bars gave good results. Bat after going into the matter fully, we found that if pieces about 3 in. wide and full thickness were used for the. cold bending tests, the heavier material would not stand this test, but failed. That is, in order to check the quality of the rolled bar you should have a wide piece of full thickness for cold bending, as the narrow pieces give misleading results. J. E. JOHNSON, JR., New York, N. Y. :-I would like to ask if there have been any tests made to compare the results of Charpy tests with the true dynamic test similar .to the Wohler test, except that the piece is subjected to a tensile or compressive stress and to alternating stresses in addition, at the same time. This seems to me to approach more nearly than any other test to the conditions of actual service. where the piece is under a fixed initial stress plus a highly variable and often alternating stress. Some tests were made on this plan in England within a year or two. The test piece was Subjected to either a tensile or compressive stress of known amount and simultaneously to alternating stresses in addition. Such a. test as this gives information which we cannot get by a tensile test or even from the tensile strength multiplied by an. elongation. Such tests, however, are exceedingly tedious and require long periods of time in order to obtain valuable results. If material could be subjected to these dynamic tests and the same material to the. Charpy shock test, and if some reasonable qualitative relation could be established between the results of the two tests, then we could assume that the shock test, which is so simple and easy to make, was a measurably accurate test of the dynamic qualities of the material. At present it does not seem

Jan 12, 1913

By Catherine T. Aimone

Specimens of copper-bearing quartz monzonite were subjected to a plane shock wave simulating high compressional stresses in the proximity of a borehole wall. Fragmentation was studied as a function of stress levels between 1.6 GPa (23 x 104 psi) and 7.3 GPa(105.8x104 psi) and pulse durations ranging from 1.1 µs to 6.9 us. Both explosive pressure and pulse duration were shown to have a strong effect on particle size distribution. While the effect of pressure is well recognized, the effect of pulse duration indicates that ultimate fragmentation increases with the time of application of a plane wave pulse. At high pulse durations, degree of fragmentation is more sensitive to changes in pressure than at low pulse durations.

Jan 1, 1984

By John W. Cloud

THE delivery of blows upon roadway structures by the locomotive engine at high speed, although long recognized, has, perhaps, not been a generally understood in severity, relation to speed, and cause as is desirable in matters of such importance. Some points of explanation, with illustrative diagrams, are, therefore, submitted to your attention, preparatory to a note on "Steel for Bridges," also submitted. In order that a locomotive may run at high rates of speed with-

Jan 1, 1881

By H. R. Stahi

THE ore of the Southeast Missouri lead district consists essentially of galena in dolomitic limestone. The galena usually is in a very finely disseminated condition. The experience of recent years in the concentrating plants of the St. Joseph Lead Co. has shown that dry crushing carried to a point where about 90 per cent of the ore passes a 14-mesh screen liberates the larger portion of the galena, and minimizes further necessary reduction in rod or ball mills. Concentration practice has attempted to carry size reduction to a point where economic unlocking of the galena is obtained, without causing undue sliming of the very friable galena. While 60 per cent of the tonnage of the district is treated by the flotation process, only 40 per cent of the total concentrates is produced by that means, as efforts have always been made to keep the grade and tonnage of flotation feed as low as possible. The milling practice of the district for some years has recognized the generally accepted idea of better selective grinding in rod mills as compared with ball mills, with the attendant decrease in production of fines. The function of rod and ball mills in the various concentrating plants is the grinding of table middlings and coarse tailings that carry lead values too high to be discarded. The simplified flowsheet in Fig. I illustrates the place of grinding mills in the circuit. The arrangement of classifiers, tables and mills constitutes a closed circuit within somewhat flexible limits. In 1937 experiments were conducted in replacing the ball charge in a 6 by 4-ft. ball mill with rods 2 in. in diameter and 51 in. long. This step was taken with some hesitancy, as it was easy to picture a mass of tangled and crossed rods. However, no difficulties developed, and after a short trial period, six more ball mills were converted to rod mills. These mills are of the spur gear and pinion, belt-driven type, using in most cases a 75-hp. motor and having a 9 1/2 -in. open trunnion discharge. As ball mills, they carried a charge of 16,000 to 20,000 lb. of balls, 2 in. in original size. The feed to the mills was dewatered by dewatering wheels and introduced at 70 to 75 per cent solids, with a single scoop feeder. One change in mill design was found advisable when rods were introduced. The existing end liners had an outward flare of 3 ½ in. in 12 in. These were replaced by linings having vertical interior faces, in order to prevent undue end travel of the rods. This change gave an effective working length of 5 2 ¾ in. inside the mill. No alterations were made in the shell liners, which are of the smooth type, made of manganese steel 2 in. in original thickness. The rods at present in use are 51 in. long and 1 3/4in. in diameter. The composition has been varied at times; at present they contain 0.70 per cent carbon and 0.70 per cent manganese. Some breakage and etching occurs as the rods become small, but this is considered preferable to using softer rods, which may kink and cause tangling of the charge. The mill charges are renovated occasionally, broken pieces being removed and the charge brought up

Jan 1, 1945

By Robert Stefanko

Shortwall mining represents a compromise between the room-and-pillar and longwall systems. Figure 1 shows that the shortwall layout is very similar to that for longwall panels, the primary difference being that the shortwall is generally 150 to 200 feet wide while longwalls are 350 to 600 feet wide. The development of entries is divorced from the production of the walls with both systems. However, the depth of the web is considerably different in the shortwall system. Because a standard continuous miner is employed, a depth of 10 feet is normally mined on a single pass. This greater web thickness requires the use of a specially constructed support that can support the much longer cantilever bar that must extend over the working area. This is accomplished by not only increasing the length of the bar but also strengthening it structurally; however, the key to success lies in articulating the cantilever from the base and supporting it with a short hydraulic jack leg. This arrangement provides the additional strength required in the support. It should be apparent that a shortwall support is more costly than the type used for longwall.

Jan 1, 1981