Search Documents

By John J. Dran

[This paper summarizes the more popular mineral valuation techniques being used by the dining industry, and attempts to demonstrate how they are Interrelated and where some are in error when compared to modern methods of financial analysis. The academic community and the larger and more sophisticated raining companies, have largely rejected the older valuation methods such as the, Hoskold and Morkill concepts and replaced them with "discounted cash flow" (DCF) techniques. The relevancy and usefulness of the older methods have been questioned primarily on the basis of their underlying assumptions that mining companies do not have numerous alternative investments and must use sinking funds deposited at market or ?safe" rates of return to recover the purchase price of mineral reserves. The ability to reinvest In numerous (often non-mining} alternative business ventures, the changing purchasing power of the dollar, corporate income and other taxes, depreciation and depletion allowances, and modern financial management practice, all mitigate against the continued use of the older valuation methods, especially for the larger mining companies. Snail mining companies and Individuals still use these methods largely out of habit and familiarity. This paper attempts to point out the weaknesses and strengths of the valuation methods In current use in the hope that these techniques may be better understood and [rcrn] appropriately applied.]

Jan 1, 1973

By Rodolfo V. de la Cruz

Abstract. The Hoskold mineral valuation method was critically examined. The original derivation was presented and found to contain a number cf erroneous assumptions as follows: the sinking fund must be available for reinvestment in another property; the series of reinvestment of the sinking fund results in a perpetual annuity to the investor, and; evaluation of the present value of the net cash flows at the speculative rate of interest. The proper procedure of deriving the Hoskhold mineral valuation formula was discussed and illustrated with a cumulative cash position diagram, a useful tool in economic evaluation and investment decision methods.

Jan 1, 1980

By Lawrence Devon Smith

The selection of the production rate is one of the most crucial decisions to be made in the development of a mineral property. However, it is not uncommon for the production rate to be decided arbitrarily, before any technical evaluations begin, and it is often not reconsidered when better data becomes available. A number of methods are used in the mineral industry to select the production rate for a project. There is general agreement that the size of the ore reserve has a strong influence on this decision, but what other factors are involved? Is there a way to identify an optimum rate? This paper examines the factors that influence the selection of a production rate from the perspective of project economics. The NPV maximum value should be viewed as a “failure” point. The “two times capital” maximum is proposed as a lower limit. A practical check is suggested to confirm that a selected rate is in an optimum range. Production rate assumptions are much more likely to be reviewed for marginal projects, but they should also be reviewed for viable projects.

Jan 1, 1997

By C. J. Tonkin

Compressed air is widely used on South African gold mines. However, due to recent and proposed future electricity tariff increases it is quickly becoming too expensive to produce and use. Boxfront chute systems at ore passes were focused on during this study, and a number of alternative power sources were examined. After comparing primarily costs, and secondarily safety and practicality, of a number of systems based on water and hydraulic oil, a system making use of either air or water was determined to be the most cost effective. A payback time of 8 years was calculated, which will be significantly less taking into account the avoidance of failures due to electricity and water shortages, which would not affect this system due to its ability to swap between either air or water. It was recommended that this system be installed at all boxfront chutes as soon as possible so that the company can begin to benefit from the cost savings.

Jan 1, 2013

By K. G. Philo, R. C. W. Webber-Youngman

mining, where data-driven decision making optimizes resource extraction, enhances safety, and ensures sustainability. The adoption of digital technologies like artificial intelligence (AI) and the Internet of Things has amplified the importance of digital information. However, the integrity and security of this information are paramount, leading to the exploration of blockchain technology as a potential solution for secure digital value exchange in mining. This research examines blockchain's capabilities, drawing insights from its applications in sectors like banking, government, healthcare, and entertainment, and evaluates their relevance to mining's core value chain processes. The study identifies blockchain's distributed ledger technology, cryptographic security, and decentralization as unique advantages that can revolutionize mining by enhancing transaction speed, reducing costs, and improving supply chain transparency and compliance with sustainability standards. Blockchain's transparent and auditable records can enhance business transparency, fostering trust among stakeholders, including investors and regulatory bodies. The technology's consensus mechanisms and smart contracts further promote trust in collaborative ventures. This research provides a foundational understanding for decision-makers in the mining industry to evaluate blockchain's feasibility and potential return on investment, guiding strategic planning and resource allocation for blockchain applications. By leveraging blockchain, mining companies can optimize operations, improve sustainability practices, and establish a robust foundation for future growth, positioning blockchain as a transformative technology in the sector

Jul 10, 2024

By S. Govender, J. J. L. du Plessis, R. C. W. Webber-Youngman

Spontaneous combustion (SC) is a cold oxidation reaction that generates heat, causing a temperature rise of the reactant and leading, with limited heat dissipation, to self-ignition of the reactant, which occurs without an external heat source. Although not limited to coal, the most significant hazard of SC are the fires that occur in coal mining operations around the world. These fires pose a serious risk to the safety of workers in the mines as well as adverse effects on the environment, and can affect the quality of life for current and future generations. We investigated the occurrence of SC in raw coal storage bunkers with the purpose of compiling a decision analyser for engineers designing or working with coal storage bunkers. Specific experts were interviewed from different backgrounds and companies, followed by field research at a coal mine. The important factors affecting the possibility of SC occurring were the type of coal supplied to the bunker, the mining practice, and physical conditions around the bunker. The information presented here will assist in reducing the SC risk in raw coal storage bunkers. These findings, together with the systematic decision analyser developed, will assist design engineers and mine personnel to take early preventative steps in managing SC. The decision analyser was tested for many different scenarios and gave good guidance on how to minimize and prevent SC in bunkers

May 1, 2021

By G. C. Lindeque

"A downward trend in tyre life on haul trucks at an open pit iron ore mine prompted an investigation into the current tyre management strategy in order to improve tyre life. ‘Best practice’ was compared to the current tyre management strategy at the mine to determine aspects that could be improved. Aspects that showed significant room for improvement included employee tyre awareness, tyre pressure maintenance, and road conditions. For each of these aspects a plausible alternative was suggested.A new tyre management strategy was formulated as a step-by-step guide on how to implement the proposed changes. Each step introduces new initiatives but at the same time builds on the previous step’s success. A sensitivity analyses was performed to determine the impact of the proposed changes, with the variables being the reduction in the percentage of premature tyre failure, and the reduction of the site wear rate.The ‘most likely’ scenario showed an increase in tyre life of 41% for the Komatsu 730 trucks and 105% for the CAT 777 trucks if the entire tyre management model is implemented. This would result in a possible annual saving related to tyre usage of R9.2 million. OverviewThe study focused on the tyre life on the main haul fleet at an open pit iron ore mine. The haul fleet consisted of 17 Komatsu 730 (180 t) haul trucks and 12 CAT 777 (90 t) haul trucks.The haulage operation consists entirely of tyre-based haul trucks. Five per cent of the total mining budget is related to tyre costs. Since 2012 there has been a steady decrease in tyre life as measured in operating hours (Figure 1) due to the high percentage of tyres that fail prematurely. In 2014 a total of 41% of all tyres failed prematurely and 61% were classified as ‘worn out’."

Jan 1, 2016

By D. R. Nagaraj, Napoleon Tercero, Raymond Farinato

Historically, as for most reagents used in flotation, the wide-spread use of dialkyl dithiophosphinates as collectors in practical applications has preceded a detailed scientific understanding of how they work. Dialkyl dithiophosphinates are a technologically and commercially important class of collectors used in the flotation processing of Cu-Au, complex polymetallic, and precious metal ores. Plant usage has demonstrated that dithiophosphinates exhibit higher selectivity and flotation rates for Cu sulfides, galena, and precious metal values in the presence of other gangue sulfides, than the traditionally used collectors such as dialkyl dithiophosphates and xanthates. They also have an attractive health, safety, and environmental (HSE) profile. Although dithiophosphinates received little attention in the past in the flotation research community, recently, there has been significant interest in this chemistry, and numerous studies have been conducted to understand the fundamental interactions of dithiophosphinates with several base metal sulfides and precious metals. A critical overview of fundamental studies, laboratory ore flotation, and plant practice of dithiophosphinates is given in this paper. The findings from these studies are rationalized and explained by drawing on concepts and insights from coordination chemistry. A comparison between the interactions with various minerals and metals of dithiophosphinate and dithiophosphate analogues brings out some of the subtleties that seemingly minor changes in collector chemistry can make. The critical overview and analysis given here is useful in identifying gaps in knowledge regarding this important class of compounds. This in turn can provide a basis for the design of studies to advance our understanding of dithiophosphinate flotation performance.

By D. R. Nagaraj, Napoleon Tercero, Raymond Farinato

"Dialkyl dithiophosphinates are a unique class of collectors used in the flotation processing of Cu- Au, complex polymetallic, and precious metal ores. They are known to exhibit higher selectivity and flotation rates for Cu sulfides, galena, and precious metal values in the presence of other gangue sulfides, than the traditionally used collectors such as dialkyl dithiophosphates and xanthates. They also have an attractive HSE profile. Historically, for most reagents used in flotation, practical methods of chemical usage have preceded detailed scientific understanding of how they work; this applies also to dithiophosphinates. Recently, however, the research community has shown significant interest in this chemistry, and numerous studies have been conducted to understand the fundamentals of interactions of dithiophosphinates with several base metal sulfides and precious metals. A critical overview of fundamental studies, laboratory ore flotation, and plant practice of dithiophosphinates is given in this paper. The findings from these studies are rationalized by drawing on concepts and insights from coordination chemistry. A comparison between the interactions of dithiophosphinates and dithiophosphate analogues with various minerals and metals is also made throughout. We believe that such a critical analysis/overview will be invaluable in identifying gaps in knowledge regarding this important set of compounds, which in turn may provide a basis for the design of studies that can advance understanding of their flotation performance. INTRODUCTIONDialkyl dithiophosphinates are an important member of the class of thiophosphorus compounds that are widely used in flotation beneficiation of base metal sulfide and precious metals ores. Ore flotation studies and plant practice experience have demonstrated their unique properties compared to the traditionally used sulfide collectors such as dialkyl dithiophosphates (their closest analogues) and xanthates. The predominant dialkyl dithiophosphinate used in the industry today is sodium diisobutyl dithiophosphinate (a.k.a. DIBDTPi; AEROPHINE® 3418A1 introduced by American Cyanamid in the late 1970s; Figure 1). The widest application of AEROPHINE 3418A is found in complex polymetallic ores of Cu-Pb-Zn-Ag, Pb-Zn-Ag, and Cu-Zn where it has demonstrated improved recoveries (and flotation rates) of sulfide minerals of Cu, Pb and Ag and selectivity against sphalerite, iron sulfides, and penalty elements (Mingione, 1991). More recently, it has also been used as a collector in the processing of Cu, Cu-Ni, and Ni ores (Guitard et al., 2015) and Cu-Au ores (Dunne, 2005). In general, it is considered to possess the collecting power of xanthates together with the selectivity (against pyrite) of dithiophosphates (Hope et al., 2003a, 2003b), while requiring lower dosages than those reagents (Guitard et al., 2015). AEROPHINE® 3418A has also found an important place in several targeted formulations to improve flotation performance. Other benefits of this reagent include higher flotation rates, having a better HSE (health, safety and environmental) profile2 compared to xanthate, and exhibiting resistance to hydrolysis and oxidation (Guitard et al., 2015). Compared to diisobutyl dithiophosphate (DIBDTP), which is known to contribute significantly to frothing (often leading to over-frothing), AEROPHINE® 3418A is observed to be froth neutral (i.e. it does not alter the existing froth characteristics). As is the case for other flotation reagents, the design and application of AEROPHINE® 3418A has preceded understanding of its behavior at a fundamental level. Recently, there have been numerous fundamental and application studies designed to develop a better understanding of its interaction with sulfide minerals and precious metals. This should help in optimizing its application in flotation and provide a basis to better rationalize its unique selectivity and activity characteristics. Past studies on the interacti"

Jan 1, 2016

By Y. J. Wang

A critical path approach is presented for the problem of mine ventilation net- works where regulators and fans are employed to control the airflow distribution which is preassigned. The problem is a classic one which arises in mine ventilation planning. By identifying the analogy between the network for controlled flow and that for CPPI, the applications of the well known CPM technique to the ventilation network problem become straight- forward. The mathematical formulation of the problem is presented and the solutions are illustrated with examples. The effect of booster fans on the total air power consumed in a ventilation network are also discussed.

Jan 1, 1981

By S. Bhamidipati

Abstract. Controlled flow is an aspect often desired in mine ventilation. This is normally obtained by using fans and regulators to achieve the required pressure balance in the system. Preference for a certain network layout of these control devices is influenced by technical as well as legal and economic factors. In this study, a model is developed based on an economic criterion by which an optimum layout of fans and regulators for a controlled flow system can be determined. The concept is analo¬gous to the critical path crashing. However, a linear programming package is used to demonstrate the solution procedure for a hypothetical venti¬lation network.

Jan 1, 1983

By Boyd G. L

Stress measurement is at the core of most stability design analyses. It is demonstrated that contrary to accepted practice, it is the field measurement, and not the calculated prediction, of stress that requires most examination and review. Since it is not really possible to quantify rockmass properties, the stiffness values used in reduction of stress measurements and in subsequent design analyses (either empirical or numerical modelling) must consider an appropriate range of values.

Jan 1, 1995

By M. G. Karfakis, K. P. Chong

Determination of fracture toughness using the semi-circular specimen, the chevron edge notch round specimen, the short rod specimen and the cylindrical burst specimen, are critically reviewed. These methods, among all, are the most applicable for fracture toughness determination of rocks. They require minimum machining. Samples are small, and testing procedures are simple. They have a sound analytical basis and allow the fracture toughness to be determined without measurement of fracture length.

Jan 1, 1986

By L. Roux

This review was initially motivated by the author’s own experience in attempting to reconcile run-of mine production tons with the Coal Resource and Reserve estimation of mineable, in-situ tonnages. The primary scientific measurements and observations that are collected during exploration at the beginning of the value chain will have a profound effect on the future of the mining operation. Due diligence must be exercised during the planning of a new mine and during the life of an existing mine. The comments provided by the technical and economic assessment group of Venmyn Deloitte confirmed the need for this critical review. They found the reporting of Coal Resources in South Africa to be inconsistent. This was particularly problematic in the Waterberg Coalfield in Limpopo Province. In this coalfield there are two types of coal deposit present. The first is comprised of the thick intercalated, cyclic coal and shale/mudstone sequences of the Volksrust Formation. This overlies multiple coal seams within the Vryheid Formation, each of which is thick enough to be extracted as an individual raw coal unit. On the other hand, the interbedded coal and shale seams of the Volksrust Formation require beneficiation to separate the coal from the shale. The review examines practices and methods, investigates alternatives, provides checks and balances, and tests these against actual production reconciliations. In conclusion, the best estimates of the mineable, in-situ tonnage will be obtained from the air-dry raw material density. These estimates should be adjusted afterwards to allow for free moisture content. The adjustments are derived from reconciliation data. The greatest contributing factor to the over-estimation of Reserve tonnages is the moisture content of the raw material. This fluctuates significantly under varying conditions in situ, as well as upon exposure to the natural environment. The air-dried density of the raw material includes inherent (structurally bound) moisture within the matrix. It provides credible tonnage estimations of raw material available while also providing an indication of voids within the volume of material being assessed. The calculated solids percentage can be used to adjust the specific gravity, which is determined via the Archimedes principle. This will supply a representative estimate of the material to be mined.

Nov 1, 2021

By Hossaini SMF

After reviewing the various approach es,namely, empirical,analytical.observational and numerical, a logical systematic approach is proposed for the estimation of compressive strength of coal pillars. In this approach first,uniaxial compressive strength of coal in pillars is estimated,taking into account the size effect and the effect of discontinuities. Next,the compressive strength of coal pillars is estimated by determining the stress distribution in the pillar and the Bieniawski strength criterion. The results appear to be compatible to the ones obtained by Wilson's method. The traditional pillar design equations give improper answers for deep workings.

Jan 1, 1991

Electromagnetic methods used in geo- physical prospecting for conductive ore bodies have proved successful in Canada,Sweden and other countries. In Australia however the depth of weathering generally exceeds 30 metres. This introduces a problem of highly conductive overburden and renders equipment useful elsewhere virtually ineffective. A discussion of several EM prospecting techniques is presented and a new system under development at James Cook University using V.L.F. transmissions capable of indicating changes in impedance (not only highly conducting media) is outlined.

Jan 1, 1974

By Gordon M. Matheson, Charles V. Logie

The current state-of-the-art design of mine pillars can be grouped into empirical and numerical design techniques. Numerical design techniques are based on sophisticated computational techniques which analyze the stresses and strains through the interstices of a pillar. Empirical techniques are less exact, but have been widely used, particularly for coal mine pillar design, because of their ease of computation. Over the years numerous empirical equations have been proposed to calculate the ultimate strength of coal mine pillars. This paper presents a review of the various equations which are most frequently utilized and examines the fundamental assumptions, limitations and applicability of the design formulae. The review intends to provide the practicing mining engineer with an understanding of the assumptions and mathematical basis of each equation to aid in the selection of the criteria most applicable to his specific design problems. Recommendations are made of the empirical equations that are presently most acceptable for design.

Jan 1, 1983

By K. Krishnapisharody, G. A. Irons

"The modeling of gas-liquid plumes in steelmaking ladles has been the subject of many investigations. In most studies, the “modified” Froude number, based on the momentum of the injected gas, has been employed to characterize two-phase plumes. This approach has several shortcomings and is critically reviewed in the present work. Based on an extensive review of previous work and theoretical considerations, it is demonstrated that the injected momentum and consequently, the modified Froude number has no significance to gas blowing operations in Ladle Metallurgy. Instead, an approach based on the “plume” Froude number, previously shown by the authors as the proper form for Froude similarity, is extended as a simpler alternative.IntroductionGas injection is central to most Ladle Metallurgy operations. During ladle processing, the steel melt is usually stirred by an inert gas like Argon through porous plug(s) fitted in the bottom of the ladle or a lance inserted deep into the melt. The purging serves several purposes viz., homogenizing the melt, flotation of inclusions, enhancing the rates both of refining reactions and dissolution of alloying elements and promoting inter-phase interactions in the ladle.The topic of gas injection into liquid baths has been the subject of several investigations in the past. A great deal of this work, both experimental and computational, was devoted to describing the structure and properties of two-phase plumes as reviewed recently [1]. Generally, the ascending two-phase mixture is sub-divided into three distinct regions [2]: the jet core, transition and the bubble plume, respectively. The jet region, where the momentum of the injected gas is transferred to the bulk liquid, is also called the ‘momentum region’. In a similar manner, the plume is called the ‘buoyancy region’ where the motion of liquid is caused by the buoyancy force exerted by the bubbles. The proper characterization of these regions is important for the analysis and modeling of stirring operations in Ladle Metallurgy. Although many mathematical correlations exist for this purpose, some issues of theoretical and practical interest to the modeling of gas-liquid plumes need further attention."

Jan 1, 2012

Recent research publications in extractive metallurgy were analysed for their stated and self-evident objectives. Over 100 different objectives (not specific to a metal or unit operation) were identified. These were divided into groups of economic, environmental, professional and fundamental significance. Comparisons were made of the objectives adopted in universities, industry and national research organisations. The most common primary and secondary objectives (by a large margin) were "to develop a new process (different chemistry)" and "to determine the effects of variables on a process" respectively. It was concluded that, overall, recent research has been dominated by commercial objectives. Objectives related to thermodynamics and kinetics have been the most common of the fundamental sort. Those related to professional methods in general, sensors and process dynamics, among others, have been largely neglected.

Jan 1, 1986

By J. Drelich, J. D. Miller

The wetting behavior of liquid polymers at solid surfaces and the adhesion forces involved at polymer-filler interfaces should always be considered in the preparation of high-quality polymer composites, including those made with mineral fillers. Spontaneous polymer spreading over the filler surface is a basic condition for the design of polymer-mineral composites. In this regard, the wetting and adhesion characteristics of polymer-mineral systems are reviewed. Based on this review it is clear that several aspects of wetting phenomena at mineral filler surfaces require further systematic study. Specifically, efforts should be made to determine the wetting characteristics of molten polymers at mineral-filler surfaces in greater detail. Also, the effects of mineral-surface contamination (including surface hydration) on wetting and adhesion phenomena need specific investigation. It is expected that an improved fundamental understanding of wetting and adhesion phenomena for polymer-mineral composites will provide the basis for further technological development.

Jan 1, 1996