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Analysis for pillar extraction potential (A-PEP) is an intelligent tool, which could be used as a preliminary output indicator when considering the secondary extraction of regional support pillars in the Witbank and Highveld coalfields of South Africa. The safe and economic extraction of underground coal pillars is of paramount significance and importance to the South African coalmining industry to ensure continuity of supply of this fossil fuel. Pillar extraction practices in South Africa have been responsible a significant proportion of safety and fatality statistics in relation to its relative output (less than 5 per cent of total South African coal production) and, as a result, research was undertaken in local pillar extraction operations and extended to similar operations in New South Wales, Australia to assess a way forward for pillar extraction in South Africa. It was found that, although little in the way of new technologies has emerged in this field in the recent past, significant contributions could be made in the field of risk analysis to obtain a generic design methodology for pillar extraction in South Africa. The resultant A-PEP tool to assess pillar extraction potential is based on certain physical, risk and economic factors, which combine to indicate operational success in terms of economic, health and safety attributes. At the time of A-PEP?s development there was alack of operating underground coal pillar extraction operations, which made it difficult to validate its applicability. Since then, however, A-PEP has been successfully tested and validated against two unique underground coal pillar operations, which is the discussion of this paper. One operation is situated in the Witbank coalfield and is extracting pillars, which are 20 years old and at a depth of 80 metres below surface, while the other operation is situated in the Highveld coalfield-which is extracting 6 month-old-pillars underneath a massive dolerite sill at a depth of 220 metres. A-PEP has shown that its predictive nature is consistent the workings at both operations, irrespective of their unique conditions, and as such it can be successfully used as a mine planning tool. The A-PEP mine planning tool thus represents a positive step toward an integrated approach to underground coal pillar extraction when considering legal and operational aspects, which could form the basis for legislative guidelines when considering the future of pillar extraction in South Africa.

Jan 1, 2005

By A. Adeli, A. V. Metcalfe, E. Addo, E. Sepulveda

"The accurate modelling of geometallurgical data can significantly improve decision-making and help optimize mining operations. This case study compares models for predicting copper recovery from three indirect test measurements that are typically available, to avoid the cost of direct measurement of recovery. Geometallurgical data from 930 drill core samples, with an average length of 19 m, from an orebody in South America have been analysed. The data includes copper recovery and the results of three other tests: Bond mill index test; resistance to abrasion and breakage index; and semi-autogenous grinding power index test. A genetic algorithm is used to impute missing data at some locations so as to make use of all 930 samples. The distribution of the variables is modelled with D-vine copula and predictions of copper recovery are compared with those from regressions fitted by ordinary least squares and generalized least squares. The D-vine copula model had the least mean absolute error. IntroductionIn this paper we compare the use of D-vine copula, generalized least squares (GLS), and ordinary least squares (OLS) for modelling geometallurgical data from an orebody in South America. The first objective is to construct models for predicting copper recovery (Rec) from the Bond mill index test (BWi); resistance to abrasion and breakage index (A*b); and semi-autogenous grinding (SAG) power index test (Spi). This involves fitting a D-vine copula and regression models fitted by OLS and GLS. The second objective is to investigate the performance of the fitted models for predicting Rec (Willmott and Matsuura 2005).Traditional resource model approaches either ignore the mineral processing characteristics of extracted tonnages or treat processing as an independent component of a mining operation. The net present value (or any other objective) can be truly optimized only by considering the mining operation as an integrated system in which net value is defined as the end-product that the company sells. This approach requires the resource model to be extended to include all relevant rock properties and processing responses."

Mar 1, 2019

By D. H. C. Griffiths, D. R. Davis, D. B. Paterson

Consolidated Murchison Limited is the only primary producer of antimony in South Africa, producing approximately 18 per cent of the total world production. This paper gives a technical review of the history, occurrence, mining, and metallurgy of antimony at Consolidated Murchison. World antimony markets are also discussed, together with the end-uses.

Jan 1, 1986

By C. Ringas

Pipelines are used extensively in industry to convey various products. Internal corrosion of pipelines can lead to perforation and leakage of the product. A growing problem, not often accurately recognized, is internal corrosion of pipelines caused by bacteria. Microbiologically-induced corrosion (MIC) refers to corrosion caused by a variety of micro-organisms. This form of corrosion is not widely recognized in many industries, although it is widespread and causes many corrosion problems in pipelines, both internal and external. Sulphate-reducing bacteria (SRB) are responsible for the bulk of the corrosion problems caused by MIC. Corrosion caused by SRB is found extensively in water pipelines conveying raw, potable and waste water, as well as in pipelines conveying slurries. This problem also occurs in pipelines conveying crude oil. This paper describes internal corrosion problems of slurry pipelines caused by bacteria and outlines mitigation methods to improve slurry pipeline integrity, thereby extending the life of such pipeline

Jan 1, 2007

A prize awarded by the SAIMM for outstanding academic achievement by 4th-year and 5th-year diplomates at technikons was instituted several years ago. The Senior Vice-President, Mr J.D. Austin, accompanied by the Institute's Secretary, Mrs D. Gardner, attended a prize-awarding function in the form of a luncheon at the Hotel School of the Technikon Witwatersrand on the 25th May.

Jan 1, 1984

By M. N. James

The Fracture Research Group has been operating at the University of the Witwatersrand for some ten years and, in that period, has achieved a significant profile, both nationally and internationally, through its research publications, industrially-based technical reports, continuing short courses in engineering education, and co1Jferences. This paper outlines the activities of the Group over the past few years, emphasizing the research thrusts and the results that have been obtained, as well as highlighting areas of current and future research interest The capabilities of the Group in terms of equipment and expertise are also discussed briefly.

Jan 1, 1995

By G. Kleyn

"Sub-standard practices and their adverse impact on safety performance remain a challenge in the South African gold mining industry. The purpose of this study was to investigate the root causes of sub-standard practices and the effect on safety performance in South African gold mines. The focus of the study was on the underground production operations at a gold mine in the Free State. The study consisted of three parts: a personal investigation into the causes of sub-standard practices at the mine, a comparison with the results of a cultural study performed at the West Wits mines, and a behavioural survey.The studies described in this article yielded similar results in terms of the key drivers behind sub-standard practices. It was found that substandard practices had a number of causes, and the origin lies within the habits, attitude, and behaviour of employees. Current methods of addressing sub-standard practices and improving safety performance were found to discourage employees from performing work safely and according to procedure. It was concluded that the lack of critical behavioural habits for the given work environment and job title could possibly be the primary reason for the occurrence of sub-standard practices. IntroductionSince the implementation of the Mine Health and Safety Act, 1996 (Act 29 of 1996) and the Mine Health and Safety Regulations, the South African mining industry has been striving to improve health and safety performance and has placed great emphasis on adherence to mine standards.The Act requires employers in the mining industry to report accidents, incidents, and dangerous situations to the Regional Principal Inspector of Mines in their area. The data provided by employers is captured and analysed by the South African Mines Reportable Accident Statistical System (SAMRASS) and made available for public viewing (Department of Mineral Resources, 2011).A review of the national mine-related accident statistics shows clearly that the South African gold mining industry has improved its safety performance markedly over the past decade, but is still facing major challenges (Figure 1). These include meeting the Mine Health and Safety Milestones (Department of Mineral Resources, 2011)."

Jan 1, 2016

By J. A. Maritz

Since the dawn of mining, pillars have been used as primary support to ensure stable workings. Early designs were based on trial and error, after which more scientific means developed over time. A vast amount of progress has been made, especially in soft-rock room-and-pillar design methodologies, from which hard-rock design theories developed with minor changes to constant parameter values. The commonly used Hedley and Grant method for hard rock and Salamon and Munro methodology for soft rock draw on the tributary area associated with the pillar, the width-toheight ratio of the pillar, and a back-analysed strength reduction factor. In these methods, only the vertical stress, or stress normal to the pillar influences the load applied to the pillar. This investigation considers the possible influence of shear stresses on pillars in a room-and-pillar layout in single reef planes and multi-reef environments, based on elastic numerical modelling methods. The possible shear stress poses a safety and financial risk to the design process, whereby an undersized pillar would lead to unstable working conditions, whereas oversized pillars could lead to an under-utilized ore resource.

Jan 1, 2014

By Basson. J., L. R. Nelson, L. A. Cramer

The South African based platinum mines produce the world?s majority of platinum metal that is used in autocatalysts and jewellery. As the platinum market is forecast to grow at healthy rates into the future, the South African producers, Anglo Platinum, Impala, Lonmin and Northam are planning to expand in the next decade. Furthermore a number of smaller producers who are accessing other mineral rights are entering the buoyant market. The South African platinum mines have traditionally exploited the Merensky reef of the Bushveld Igneous Complex (BIC); however, the mining of this reef is reaching depths that require significant vertical shaft systems and costly refrigeration for access to the ore bodies at deeper levels. In the past decade all of the producers have begun to mine the less attractive UG2 reef because of its cheaper mining costs. This UG2 reef contains significant quantities of chromite with typically a chrome-to-iron (Cr/Fe) ratio of 1.35. UG2 ores can contain between 10 and 25% Cr2O3 depending upon the reef width and the selected mining method. It is relatively cheap and easy to extract a portion of the chromite from a platinum concentrator tailings stream at a grade of between 40-42% Cr2O3. However it is only in recent years that some ferrochrome producers have begun to source some of their chromite from the tailings of platinum producers. South Africa is also the world?s largest single producer of ferrochrome and supplies much of the world?s stainless steel producers and thus the growing market for their product. As the traditional sources of high Cr/Fe ratio ores have been depleted at the shallow economic depths and thus have become more expensive sources of chromite, technical developments have improved the ability to use fine chromite economically to make acceptable grades of ferrochrome. Thus UG2 fines are now becoming possible cheap sources of acceptable feed to the ferrochrome industry. The abundance of feedstock for ferrochrome production and the lessening dependence on mined material will impact upon the structure of the ferrochrome business in South Africa. With continued platinum mining from UG2 reefs, South Africa is set to remain highly competitive in the world?s ferrochrome/stainless steel industry.

Jan 1, 2004

By R Kroukamp

Horizontal belt filters are typically used for separation of relatively free filtering solids where good post treatment is required. He horizontal belt filter is a continuous filter with an endless cloth supported on a grooved carrier belt. The belt and cloth are driven around two rollers across a series of evacuated suction boxes. The feed suspension is introduced at one end of the filter and deliquored to produce a cake at the other end. The benefits of using horizontal belt filters are good cake washing, continuous and visible processing, fully automatic operation, flexibility, high capacity and relative high speeds of operation. If required, horizontal belt filters enable efficient counter-current washings to minimize the usage of wash liquid. The horizontal belt filter has applications in the following: [? Metal concentrates ? Mineral sands ? Tailings ? Coal ? Iron ore ? Alumina ? Chloride processing ? Nickel and Cobalt refining ? Platinum group metals ? Zinc processing ? Many other applications in the Mining and Metallurgy industries ] 2. Operating Principle of a Horizontal Vacuum Belt Filter 2.1 Cake Forming The slurry to be dewatered is evenly distributed onto the filtering surface. Gravity assists the cake formation and the feed can be introduced in multiple stages. 2.2 Cake Washing Once the cake is formed, wash liquor/water can be introduced onto the top of the cake via a wash launder or sprays. Multiple wash stages, co-current, counter-current or direct washing can be added by increasing the length of the filter.

Jan 1, 2007

By R. G. Cawthorn

The vertical distribution of platinum-group elements (PGE) in the Merensky and UG2 chromitite Reefs is highly variable, but does follow certain general patterns that allow the testing of geological models. In the Merensky reef, historically popular geological representations and interpretations have suggested that the mineralization occurs in a pegmatitic pyroxenite bounded by two chromitite layers. However, there are now enough published exceptions to this relationship to expose its fallacy. The vertical distribution of the PGE depends largely upon the separation between these two chromitite layers or the absence of one chromitite layer. Where separation is small or only one chromitite layer is present, there is considerable PGE mineralization in the footwall below the pyroxenite and lower chromitite layer. With increasing separation between the two chromitites, the mineral¬ization occurs progressively higher in the succession, and tends to track the upper chromitite layer. The view presented here is that the entire Merensky package is comprised of three events of magma emplacement, in which each has produced variable reaction with, and erosion of, the footwall, causing recrystallization of pyroxenite into pegmatitic pyroxenite. The magma then produced a chromitite layer followed by pyroxenite. Each chromitite layer is associated with some mineralization, which was extensively complemented by the subsequent formation of a sulphide liquid carrying PGE that trickled down through about 1 m of permeable crystal pile. The sulphide liquid formed after, not coincident with, the pyroxenite layers. The distribution of PGE in the UG2 chromitite shows up to three upward depletion sequences of PGE, also suggesting three events. The PGE are associated only with the chromite. The contribution from a sulphide liquid is considered to have been minimal for two reasons. Cu and Ni are extremely low in the UG2 which would not be expected if sulphides had been present. Also, by analogy with the Merensky, downward trickling of sulphides would have caused some PGE to be present in the footwall. There are some PGE in the footwall, but only where remnants of chromitite occur, and the hanging wall is lacking in PGE. In the northeastern Bushveld the UG2 chromitite is thinner than elsewhere, and there is a UG3 chromitite layer, not present elsewhere, that has a high Pt/Pd ratio. It is surmized that in the rest of the Bushveld the UG3 only appears to be absent because it has merged with the UG2 to produce the high Pt concentration at the top of the composite UG2. The non-accumulation of the package of pyroxenite-norite-anorthosite between the UG2 and UG3 in the northeastern Bushveld, which is not seen elsewhere, creates an interesting challenge to the formation of silicate layering in the complex. The mineralization in the Platreef is not addressed here. Keywords Bushveld complex, Merensky Reef, UG2 chromitite, geological evolution.

Jan 1, 2011

By Klaus Hasselwander

Fluctuating SO2 gas streams represent a difficult task for designers of SO2 removal systems (with respect to designing the plant), but in spite of the designers great efforts to solve the problems, the operation of such plants requires much care and attention. A fluctuating gas flow usually results from metallurgical smelting processes. Both gas composition and gas flow rate may vary. The first part of this paper outlines some existing technical solutions and presents the Pros and Cons of the different solutions. These solutions outline are: - Sulphuric acid plants operated with a preheater permanent in operation - Sulphuric acid plants with concentration increase of SO2 gas either using regenerative SO2 removal or cryogenic partial condensation of the SO2 - Sulphuric acid plants with additional burning of sulfur to increase SO2 content - Single-stage sulphuric acid plants followed by a tail gas system (which is) designed for periods of low SO2 input In the second part, this paper describes some existing technical solutions for removal of SO2 at low concentrations (i. e. less than 0.1 - 2 %-by volume), which could be used as tail gas treatment system for acid plants. While selecting an appropriate solution, special attention should be given to operating costs, which usually to a large extend depends on the type of absorption agent and the costs for disposal of the sulfur compound produced.

Jan 1, 2009

By N. M. Skarbøvig

Safety nets have been used selectively in several South African mines over the years. Recently, however, an increased emphasis on mine safety has seen a resurgence of their utilization underground. This renewed interest has, however, also raised questions about the design and performance of these nets and their practical applications underground; these are the subjects of this paper. Generally, mine safety nets are used to protect personnel from falling rock in temporarily supported development ends, tunnels, ASGs and stopes. These diverse applications each require specific net designs, resulting in a wide product range. As a rule, however, mine safety nets need to carry specified static or dynamic loads with the least possible deformation. Because of the application-specific characteristics of mine safety nets, there is no South African national standard for them. Consequently, neither the SABS, nor the CSIR, performs standard tests on these components. In 2007, therefore, SIMRAC made available their Savuka facility for the testing of mine safety nets; the Savuka drop test became the accepted industry test standard for mine safety nets. From late 2007 to mid 2009, Norsenet, in collaboration with SRK Consulting, the designated operators of the site, conducted approximately 200 tests, which formed the core of Norsenet's database of safety net performance under various loading conditions. The test specimens comprised a wide range of net materials and config¬urations; the materials included: high density polyethylene, polypropylene, polyester, nylon, as well as a blend of polyester and polypropylene used primarily for reinforcement ropes. Net configurations encompassed the following parameters: net type, i.e., knotted nets or sewn nets; net strand type, i.e., braids, twines, or webbing; strand size; mesh size; mesh orientation, i.e., parallel or oblique to the net edge; net edge reinforcement, i.e., knotted, tied, with or without reinforcement ropes; internal reinforcement ropes, i.e., diagonal ropes and/or orthogonal ropes; as well as net attachment options, including loops and chainlinks. From the number of variables listed above, and the limited number of tests available, it can be appreciated that the findings of the test series required careful scrutiny. Nevertheless, principal performance factors clearly emerged: besides the obvious net mesh variables, such as net strand material, strand diameter and mesh size, it was the configuration of the reinforcement ropes and their attachment to the net panel which had the strongest influence on net performance. All the structural elements of a safety net need to work together to transfer the imposed load from the net panel, through the reinforcement ropes, to the net attachment points. In this load transference chain, the weakest link limits the strength of the structure. From this development work, Norsenet has gained valuable expertise to custom-design and manufacture nets to clients' specifications. The examples presented in the paper will also show the experience acquired in the installation of nets underground. Future work will include the establishment of a state-of-the-art net testing facility at Norsenet's factory in Vredenburg.. Keywords Mine safety net, safety net, protective device, mine safety, safety net design, safety net performance, safety net applications.

Jan 1, 2011

By H. Rosenberg

Haldor Topsoe A/S has developed its WSA technology to meet the demand in the market for a simple and reliable process that converts sulphurous emissions from off-gasses into high-grade sulphuric acid. With more than 50 references in 25 countries, the WSA technology has proven its ability to generate acid at 98% concentration, efficiently and economically. The wet gas sulphuric acid (WSA) technology treats the furnace off-gas directly from upstream gas cleaning plants. No further drying is required, since the humidity present in the off-gas is used to hydrate the SO3generated in the converter and produce sulphuric acid. The heat generated during the oxidation, hydration and condensation processes is principally reused in the process to preheat the off-gas to the required temperature level, and also to generate high pressure superheated steam for process use. This advantage of steam production, coupled with lower water and power consumption requirements, is particularly important in the African production environment. Having fewer process components than conventional acid plants, the WSA technology is a simple and compact operation, which makes it easier to retrofit into an existing smelter plant. Further, the WSA technology simultaneously offers the possibility to treat multiple gas streams arising within the production facility due to superior flexibility in terms of SO2concentration and turndown ratio.

Jan 1, 2006

By M. McWha

Laboratory bias is a universal problem in all branches of analytical science. It results from differences in methods, techniques, equipment, and calibrations between laboratories. Notwithstanding that it is a property that can be measured by the use of standards or by inter-laboratory testing, laboratory bias remains a material issue for the mining industry. There is extensive literature and clear guidelines on measurement from the International Organization for Standardization (ISO) and its worldwide federation of national standards bodies (ISO member bodies) and from the science of metrology. ISO guides cover the manufacture and use of standards. An accessible source of literature covering laboratory quality control comes from the public health sector, particularly pathology. There is little doubt in financial reporting rules about the meaning of materiality. Public reporting guidelines are clear that material matters need to be disclosed for investors. Unfortunately there is currently no clear guidance what to do about biased assay results in mineral industry public reporting guidelines. This paper reviews the requirements for the manufacture and use of reference materials, public reporting requirements in the mining industry, and presents proposals to improve management and reporting of laboratory biases. Keywords laboratory bias, reference materials, ISO Guides, financial reporting, materiality.

Jan 1, 2014

For resources projects with healthy net present value (NPV) and low cash flow volatility, conventional discounted cash flow (DCF) analysis will continue to provide the dominant investment decision-making criteria. However, DCF analysis can be biased because it often applies a single risk-adjusted discount rate (RADR) to compare the value of projects with different risk characteristics. Many of the difficulties with DCF modelling arise from analysts' inability to determine appropriate risk discounts and to estimate expected spot prices inputs for the commodities produced over the life of the project. Modern asset pricing (MAP) is a very valuable complement to DCF analysis in addressing some of these issues. Most papers dealing with MAP, however, while academically rigorous, tend not to be explicit in terms of practical application of this methodology in routine project evaluation. This paper has the objective of reviewing the MAP methodology and of demystifying its complexity, by providing a simple but realistic step-by-step evaluation of a mining project, comparing its DCF and MAP NPV values. The paper concludes that MAP provides a minimum, risk-adjusted `floor' value, thus representing a valuable complement to any DCF valuation.

Jan 1, 2007

A General Meeting and Colloquium was held in Kelvin House, Johannesburg on Wednesday 29th September, 1971. The theme of the Colloquium was "The Ferro-alloy Industry". Prof D. D. Howat (President) was in the Chair. The meeting was attended by 106 delegates and was opened by the President at 10.05 a.m. OBITUARY The President: "It is my sad duty to announce the death of G. C. Needham, Fellow, who joined the Institute in 1966 and passed away on 27th September, 1971. As a mark of respect to the memory of the deceased and in sympathy with the bereaved I would ask you all to rise and observe a few moments silence." MEMBERSHIP The President: "I have much pleasure in announcing that the names of the following candidates, having been published in accordance with By-Law 5.2.2, Council has elected them to membership of the Institute. Fellows: Richard Lloyd Blandy, Brian Roger Borton, Brian Teversham, Peter Donald Dickson. Members: Frederick Brian Peacock, Peter John Stacey, Kenneth Niles Thanstrom, Byron J. Hayley, Ian Flemming Buchan, Abraham Hercules le Roux. Graduate: Ian William Coy. Students: Peter Boesley J ames, Kenneth Brian Perel. TRANSFERS From Member to Fellow: Cecil Eugene Fivaz, Peter Edwards. From Student to Graduate: Roy Stavely Traviss. From Student to associate: William Mitchell. I welcome the new members to the Institute and congratulate those members who have been transferred to a higher grade. COLLOQUIUM The first paper, presented by Mr S. Selmer-Olsen, Consulting Metallurgist, Amcor Limited, on 'Trends in Ferro Alloy Production' was published in the May issue of the Journal and comprised information and data relating to new developments in ferro alloy production in various parts of the world. This was followed by a paper-'Conductivity and Viscosity Properties of Slags produced in ferro-alloy manufacture' by D. 1. Ossin et al. This was a record of laboratory test work on slags containing both lime and magnesia, corresponding with the composition of slags encountered in the production of ferro chrome alloys when a dolomite flux is employed. The third paper-'Review of the work of the Pyrometallurgical Research Group of N.I.M. and Metallurgy Department, Wits.' presented by Dr P. R. Jochens, leader of the Research Group, outlined the progress made on ten different research projects presently under way in the Department of Metallurgy. These projects range from studies of the kinetics and mechanism of the reduction of chromite ores through the determination of the activities of MnO in slags to phase studies and melting point determinations in the alloy systems Cr-Fe-Si-C and Cr-Fe-Si. A new feature of this Colloquium was the introduction of the discussion panel composed of four or five individuals known to have special knowledge or interest in the subject under duscussion. Mr J. J. Coetzee was chairman of the first panel, Professor D. D. Howat of the second and Dr R. E. Robinson of the third. During the discussion of Mr Selmer-Olsen's paper an interesting contribution was made by Mr Jack Hayley of Transalloys (Pty.) Limited who pointed out that the lowest power cost in the U.S.A. was that from the TV A at 6 mils per unit (0,43 cents S.A.) while costs from other sources were 7 to 8 mils per unit (0,50 to 0,57 cents S.A.) He also referred to the use of 'pile sintering' of ore fines plus coke at certain ferro alloy plants in the V.S. and to the recent practice of 'graphitising' the paste used for Soderberg electrodes. The last session in the afternoon was devoted to a group discussion on 'Practical problems in Arc Furnace Operation', Mr H. R. Reid of Middelburg Steel Alloys (Pty) Limited occupying the chair, members of the panel being Mr J. Meintjies (Rand Carbide Limited), Mr J. Benn (Amcor) and Mr E. J. Jackson (Transalloys (Pty.) Limited). Mr Reid initiated the discussion by talking of the design and composition of electrode shoes, mentioning the use of the 85/15 Cu/Zn alloy and the comparison of hollow shoes and shoes cooled by tubes. Mr Meintjies discussed electrode management with particular reference to breakages, and dealt with casing and fin design and the welding of fins. Mr Benn dealt with aspects of closed top furnace operation with particular reference to the control of eruptions in the furnace and indicated that preheating of the raw materials might be well worth considering together with the development of a system for the detection of the water vapour present. Mr J ackson was concerned with shells, linings, refractories and tap holes. He deprecated the use of oxygen for opening the tap hole emphasising how uncontrolled use of oxygen led to loss of shape of the tap hole and quite severe burning out of the front hole resulting in time and labour in repairs. A notable feature of the Colloquium was the free discussion 'from the floor' of the hall. Many valuable and highly pertinent contributions were made spontaneously and usually in reply to some controversial topic raised by the discussion group.

By J. Dvorácek

Similar to the case of any other business venture, the activities of mining industries are profit-oriented. Nothing will stop successful businesses in their quest for new localities to be prospected for minerals of their choice, because the useful economic life of any mine is limited. Before starting the process of land acquisition, it is important for any mining company to be able to forecast the profitability of the venture. The focus of this paper has been on the prospects of success, concerning the case of the opencast extraction of aggregates for construction. A set of 70 successful and loss-making quarries was subjected to investigation. An international company owns the quarries, which are located in seven European countries. The method of discriminate analysis provided the criteria for assessing future economic performance. The same criteria served the purpose of classifying other quarries belonging to the company.

Jan 1, 2012

By G. J. McTeer, D. J. Rioux

Teck Metals Ltd operates an integrated zinc-lead complex at Trail, British Columbia, Canada. Since 1997, KIVCETTM flash smelting technology has been utilized for the treatment of zinc plant residues and lead concentrates. Trail Operations’ furnace uses four water-cooled jackets for bullion tapping. This paper provides an overview of KIVCET bullion tapping for the past 16 years, and discusses successes and challenges encountered with respect to operations, training, and monitoring.

Jan 1, 2014

By G. D. Schena

The issue of evaluating the economic impact of large mineral projects in developing countries was studied by the use of econometric models. The evaluating system is demonstrated by its application to an example from Namibia. Three-dimensional graphics are used to illustrate the procedures leading to an assessment of the economic effects of the mineral development. The analysis allows the assessment of the overall economic consequences of mineral developments where there is a need to incorporate in the evaluation issues that are broader in scope than the pure financial objectives. Sets of technical coefficients are exploited for the development of input-output models of the productive structure of an economy. The models are refined to incorporate country-specific behaviours. The increased flexibility of the enhanced semi-input-output model permits a more confident investigation of the economy wide effects associated with a new project in the mineral sector of a developing country. Synthetic measures of profitability at market and shadow prices are introduced, and the cost/benefit ratio is used to rank mineral projects according to their economic profitability. The cost is the capital mobilized for the development of the project and for increasing the productive capacity of the related satellite industries. The benefits are identified with the economy-wide increase in value added induced by the project. 80th costs and benefits are initially valued at market prices. Their ratio is likely to be an index of economic profitability superior to measures that concentrate exclusively on the benefit side of projects. To allow for market distortions, the concept of shadow prices is introduced, and accordingly project-related costs and benefits are re-evaluated. A new cost/benefit ratio at shadow prices is recalculated, which is more meaningful to the policy-maker than decision-making based on socio-economic issues.

Jan 1, 1993