Search Documents

By W. Gabryk

A large new underground platinum mining project required that all different mining options were investigated during an option study before proceeding to the prefeasibility stage of the project. The capital project team identified 21 different options requiring investigation. These options considered 10 different access methods and 4 different mining methods. Each of the 21 options required a mine design, a valid production schedule, and the associated economics in order to facilitate a comparison on project Net Present Value (NPV) and other metrics. The project sponsors required this work to be completed in 3 months and therefore the project team decided to adopt an object-oriented modelling approach as implemented by Cyest Corporation. This would allow all 21 options to be valuated within the tight time frame due to the generation and re-use of templates. Standard objects were configured into templates containing the mine layout, design, and scheduling logic. These templates could then be assembled into a model to represent the option being investigated. The adoption of rules-based design and production scheduling then allowed for the rapid generation of a valid production schedule for each option with different iterations of varying production ramp-up and mining efficiency assumptions. The activity-based operating costs, labour, and capital were also linked to the standard templates such as a half level or barrel, which were then replicated to represent the overall mine structure for each option under consideration. Using this approach for each option, a full production schedule was produced per mining activity, the operating costs were calculated using activity-based costing, an infrastructure capital expenditure estimate was determined, the development capital requirements costed, and an overall NPV determined. This options study was completed in an unprecedented 10 weeks and a recommendation was put through to the Business to take three of the options to the next study phase.

Jan 1, 2012

By C. G. Carey, M. P. Mullins

BHPBilliton is a large (US$32bn market capitalization) diversified mining group. Significant organic growth is planned through the development of a number of mining, processing and oil and gas projects, totalling some US$5.2bn over the next three years. The investment standards underpin the capital approval process, and incorporate the requirements for range and risk analysis of key input variables, including mineral resources. Public reporting codes for mineral resources and ore reserves (such as JORC) stipulate deterministic reporting of estimates, but are generally silent on any requirement for range or risk assessment, although they acknowledge the risk and uncertainty in the production of resource estimates. In contrast, public reporting of petroleum reserves allow for the use of either deterministic or probabilistic estimation, and for the latter, mandate the level of confidence required for proven versus probable reserves. Conditional simulation techniques, popular in the petroleum industry, provide an ideal tool forrange and risk assessment of the range of outcomes of key resource parameters, such as tonnagesand grades. Examples of a diamond deposit and of a porphyry copper deposit are presented. The understanding and quantification of mineral resource risk through a technique such as conditional simulation provides quantified information on the potential upside or downside. These techniques should be more widely utilized in the high-risk minerals extraction industry. Keywords: mineral resources, conditional simulation, risk, capital investment standards, BHPBilliton.

Jan 1, 2003

The development of 3D multi-parametric models facilitate the provision of resource information well in advance of the mining face. Using the model, one can evaluate mining areas not only for grade and tonnage predictions but also for predictions of rock mass quality. Blast design and milling requirements can be derived from the rock mass quality predictions. This information can be used for overall mine planning and evaluation, costing, production optimization and slope design. This allows the full range of mining activities and costs to be interconnected, there by lowering costs and improving efficiencies through the application of the multi-parametric model. Feasibility studies for new projects require an expected budget expenditure estimate to within5% of actual costs. This level of accuracy is expected by mining companies and investors but cannot be achieved without a sound knowledge of the rock mass variability. By developing a 3Dmulti-parametric model as part of the feasibility study and using the same geological model exploration boreholes, a significantly better understanding of the rock mass conditions can be obtained. This rock mass information can be used for equipment selection, economic pit layouts, processing plant design, underground mining layouts and support requirements, to name but a few design parameters that depend on rock mass conditions. The initiative at Anglo Platinums, Potgietersrust Platinum Ltd.?s (PPRust) operation, has delivered significant results showing improvements across the mine to mill value chain. These include increased loading rates, reduced electricity and crushing consumables, as well as higher plant throughput. The ore reserve model has gained international acceptance as an invaluable tool for a mining operation. Certainly most financial organizations will not invest in a mining project that does not have an ore reserve model. There is the potential for multi-parametric models to be recognized as vital tools in the mining process, as is the case with ore reserve models.

Jan 1, 2006

By S. M. Rupprecht

"Artisanal mining is basic mining characterized by manually intensive work methods utilizing primitive or simple equipment and conducted by individuals or small groups exploiting deposits. Artisanal mining in Rwanda and Burundi is further complicated in that the techniques applied are often inadequate, resulting in low productivity and poor recoveries, and workers are paid low wages with owners reluctant to reinvest in the mining operations. A consequence of this vicious circle is often poor working conditions, with miners operating under unsafe and/or unhealthy working conditions. An additional problem is that mining is conducted in a manner that is detrimental to the environment.Artisanal mining is commonly more dangerous than large-scale modern mining operations. Artisanal operations are generally subsistence activities with the miners focusing more on immediate concerns than the long-term consequences of their activities. When miners have no other source of income, they will usually find ways to evade controls and carry on working. Machinery tends to be expensive and often far beyond the reach of most artisanal miners, and therefore there is a general tendency for workers to focus on labour intensive and riskier mining methods.This paper proposes the introduction of small-scale mechanization with labour-intensive manual mining utilizing a bench mining approach in artisanal mines operating in Central Africa. From the 1950s to the 1980s bench mining was successfully conducted in Burundi utilizing manual labour. In order to achieve a balance between job creation and project economics, the combination of manual and mechanized mining is proposed. Manual mining offers the benefit of local job creation while ensuring good mining techniques, such as minimizing mining loses and dilution. Through the introduction of mechanized loading and hauling activities, areas of high stripping ratios can be viably mined, thus increasing the amount of resources that can be exploited. The use of a loader and tractor-trailer arrangement is proposed, thereby improving throughput, productivity, and worker safety and, reducing the impact on the environment."

Jan 1, 2017

By D. Francois-Bongarcon

The ?Poisson effect? is defined and characterized. It takes place even when the material to sample is not liberated. Gy, Pitard, Ingamells, and others, including the author, recommend that a minimum average number of particles of mineral of interest characterize the recommended sample size. How many? Recommended numbers range from 6 to 40 particles depending on authors, corresponding to standard deviations of 41% to 16%. Some guidelines are proposed, and the often alleged ?double-Poisson? effect is examined.

Jan 1, 2009

By G. Mitchell

Much debate has ensued over the past few years on the speed of transformation in the mining industry. By transformation is meant the degree to which the industry has met the requirements of the Mining Charter. In response to this, the Department of Mineral Resources (DMR) commissioned a research study in 2009 to ascertain the degree of industry compliance. The mining industry in response made a presentation to the Minerals Portfolio Committee in Parliament in 2011, during which it released aggregated figures on industry compliance to the Mining Charter. The conclusions of both of the studies are widely divergent. It is argued in this paper that both processes are flawed. The government-sponsored research is empirically and methodologically weak and the results therefore have to be taken with a great degree of caution. The Chamber of Mines figures, on the other hand, while faithful to the reporting of the Chamber member companies, do not represent the entire span of the industry but only the larger mining companies. It is further argued that in order to ascertain a true reflection of the industry an independent audit be undertaken using recognized social scientific survey methods.

Jan 1, 2013

By B. Geelhoed

A generalization of Gy?s 1979 model for the variance of the fundamental sampling error has been proposed at WCSB2?2005 by Geelhoed. This generalized model can potentially lead to a better correspondence with actual sampling processes. However, a new parameter is required by the new model: ?the parameter for the dependent selection of particles?(Cij). It is important that this new parameter, which is at the basis of the new theory, is well understood in the sampling and blending community. In order to clarify the meaning of Cijand to prevent potential misinterpretation of Cij, we discuss the difference between Cij and an intuitively associated, but different, parameter: ?the parameter for the dependent selection of particle types?(Mij). In this contribution, the theoretical difference between both parameters is clarified. Simulations demonstrate that, numerically, the difference between Cij and Mij can be large. Some additional advantages of the approach which uses Cij are discussed: (i) the approach based on Cijis more general; (ii) in all cases where Mij is known, Cij can be determined as well, while the reverse is not true; (iii) an equation already exists that relates the sample variance to the value of Cij.

Jan 1, 2009

By R. Venter

Uranium in the tetravalent state has very low solubility in acid and alkaline solutions and needs to be oxidized to the hexavalent state to become soluble. In acid leaching of uranium the uranium is oxidized by ferric iron, which in turn is reduced to ferrous iron. The reduced iron needs to be oxidized to the ferric form to allow the uranium dissolution reaction to proceed. This paper considers the known and proven oxidants used in acid leaching of uranium. These include manganese dioxide, sodium chlorate, hydrogen peroxide, ferric iron, oxygen and sulphur dioxide/air (oxygen). The reaction chemistry of each oxidant as well as the practical applications are considered and discussed. All the oxidants discussed work adequately in acid leaching of uranium and it is possible to engineer solutions for the use of the oxidants in acid leaching on plant scale. The availability and supply of the oxidant as well as the cost and environmental impact of the oxidant plays a major role in the selection of a suitable oxidant. The location of the plant will also have an impact on these issues.

Jan 1, 2009

By R. L. Castro

Currently, in several caving operations, the spacing between the drawpoints is determined by consulting Laubscher's design guide (Laubscher 1994, 2000), a methodology based on the gravity flow characteristics of the caved rock. Laubscher's methodology is based upon the height of interaction between adjacent flow zones, but does not allow calculation of primary recovery for a given layout. In this paper the authors present a technical and economic methodology based on the flow that occurs near the drawpoint and the associated development costs to estimate the optimal spacing. The flow model at the drawpoint was validated at the El Teniente mine, which extracts coarse caved rock. To validate the flow model, small-scale simulations using drawpoint clusters were conducted and results compared to extracted grades, marker recovery, and drill holes to determine ore remnants that are part of the production control programme at the mine. The results indicate that primary recovery depends on the height of interaction, which varies with the friction angle of the caved rock and the spacing between adjacent drawpoints. Primary recovery estimations indicate values from 85 per cent to 97 per cent depending on the drawpoint spacing used. Extrapolations were then conducted to estimate the primary recovery for different drawpoint configurations planned to be used in the New Mine Level of the mine. The results indicate that the optimal drawpoint spacing is 32 m x 20 m with a through length of 18 m. The methodology developed may be used to estimate optimal drawpoint spacing for block caving mines under different metal prices and mine cost conditions.

Jan 1, 2012

"Chairman: Professor H. S. SICHEL Rapporteur: Miss M. I. WATSONPapers:Unrolling of Copperbelt orebodies by J. H. E. Perry and V. H. WiikAn exploration model for tabular orebodies by G. S. Koch and R. F. LinkHarmonic analysis of copper and gold occurrences in the Arbitibi area of the Canadian Shield by F. P. Agterberg and A. G. FabbriMathematical models of orebodies by M. J. Newton and A. G. Royle Estimation of lateritic-type orebodies by A. JournelIn his presentation Mr Wiik said that unrolling could be regarded as a reversal of the natural process of folding, so that the aim of an unrolling procedure would be the reconstruction of original pre-tectonic conditions. While simply formulated, this aim might not always be achieved. The geometrical relationship between points on the deformed surface and corresponding points on the original surface is process-dependent, and a true reconstruction could be achieved only if the deformation history were known in detail.In this computer unrolling procedure all these complexities were ignored. Referring to one particular marker horizon, Mr Wiik said that it was assumed in the procedure that this marker was deposited as a horizontal stratum and that it had subsequently been deformed by simple flexure-type folding.The procedure allowed the geologist to incorporate his knowledge and conception of the deposit through repeated re-contouring with dummy points. This 'manumatic' aspect of the procedure had proved invaluable, not only in resolving specific unrolling problems but also in making the system more acceptable to the geologists in general.Unrolling served towards removing what might be termed `tectonic noise' superimposed on the primary distribution patterns for regionalized variables such as metal content and orebody thickness. From this point of view, variograms derived on the basis of unrolled-plan co-ordinates should be more meaningful in terms of depositional environment than are variograms calculated from a normal map projection.Mr M. M. Oosterveld remarked that it appeared from the paper that there were problems in applying the unrolling technique to ore reserve calculation, and asked whether there were not other methods that might be used for that purpose.Mr Wiik replied that at present unrolling played only a minor role in practical ore reserve estimation within Roan Consolidated Mines, Limited. The techniques currently in use differed from one orebody to another, but in general they involved projection onto a vertical longitudinal section or a horizontal plan, with subsequent grid interpolation by means of a standard computer contouring package."

Jan 1, 2014

By C. Musingwini

The South African platinum mining industry is using a number of different mining methods, including variations of the same method, to extract the narrow reef tabular platinum deposits of the Bushveld Complex. These mining methods fall into three broad categories, namely conventional, mechanised and hybrid mining. A question sometimes asked in the industry is whether mechanized mining methods are more efficient than conventional mining methods. An objective answer requires the methods to be evaluated against multiple criteria simultaneously, whereby each criterion has a relative degree of importance in the overall decision. The most efficient method is the one that scores highest on each criterion. However, some of the criteria can be conflicting, such as by increasing dilution the shaft head grade decreases. The analytic hierarchy process (AHP) methodology was selected for the study because it is used to solve problems of this nature. A survey was carried out to determine the relative importance of each efficiency criterion by drawing on the knowledge and experience of mine technical services and project management practitioners in the industry. Efficiency data for four different mining methods drawn from the Egerton (2004) study were used as a case study. The conventional mining method ranked as the most efficient mining method from the four methods considered. The exercise indicates potential for the AHP to be used in the South African platinum mining industry as a tool for selecting optimal layout designs, conduct regular evaluation of the performance of production shafts, or objectively evaluate line managers for promotion. The work described in this paper is part of the methodology used in a current PhD research study at the University of the Witwatersrand. Keywords: Analytic hierarchy process (AHP); multiple criteria decision analysis (MCDA); decision-making; conventional mining, hybrid mining, mechanized mining.

Jan 1, 2008

By J. Autio, H. Malmlund

The excavation damage zone (EDZ) caused by drill and blast excavation consists of intense damage adjacent to the remaining half barrel of the blast hole, new fracturing induced by the blast and reactivation of pre-existing fractures. The properties of intense microfracturing adjacent to the half barrels of remaining blast holes are based on study of rock samples from ZEDEX-tunnel and it’s extension at Äspö and the Research tunnel at Olkiluoto in Finland. The new and reactivated fracturing is based on results of mapping of slots cut in the rock in ZEDEX-project. The zone of increased porosity adjacent to half barrels, which penetrates to a depth of some centimeters was studied by using novel 14C-PMMA method. The penetration of the radial fractures, which is an order of magnitude deeper, was studied by mapping using color penetrant. Results of EDZ studies carried out at Äspö HRL in Sweden and in Research Tunnel at Olkiluoto show that the properties of EDZ can be affected significantly by engineering design. The result imply that the additional pore volume caused by distinct fracturing around the blast holes caused by state-of-the-art smooth blasting technique could be of the same order as that of the damaged zone adjacent to the surface of the half barrels. Durch Bohr- und Sprengarbeiten entstandene Eigenschaften der Auflockerungszone: Die durch Bohr- und Sprengarbeiten entstandene Auflockerungszone besteht aus einem großen, an das Resthalbrohr des Bohrloches angrenzenden Schaden, neuer Rissbildung und einer Reaktivierung der bereits existierenden Risse. Die Eigenschaften einer immensen, an die Halbrohre der Restbohrlöcher angrenzenden Mikrorissbildung beruhen auf einer Studie über die aus dem ZEDEX-Tunnel gewonnenen Gesteinsproben und deren Fortsetzung im Untertage-Labor Äspö (Hard Rock Laboratory, HRL) in Schweden und im Forschungstunnel bei Olkiluoto in Finnland. Die neue und reaktivierte Rissbildung basiert auf den Auswertungsergebnissen der Schlitze, die bei dem ZEDEX-Projekt ins Gestein geschnitten wurden. Die Zone der vermehrten, an die Halbrohre angrenzenden Porösität, die in ein paar Zentimeter Tiefe eindringt, wurde anhand der neuen 14C-PMMA-Methode untersucht. Das Eindringen der etwas tiefer gelegenen radialen Risse wurde anhand eines farbigen Eindringungsmittels untersucht. Die in Äspö und Olkiluoto durchgeführten EDZ-Studien zeigen, dass die EDZ-Eigenschaften wesentlich durch Engineering Design beeinflusst werden können. Das durch Bohrarbeiten verursachte Hohlraumvolumen der Rissbildung um den Tunnel herum ist ähnlich wie das Hohlraumvolumen der Bruchzone um die Bohrlöcher herum. Caractéristiques d’une zone endommagée par le creusement résultant d’un creusement par forage et dynamitage: La zone endommagée par le creusement résultant d’un creusement par forage et dynamitage présente un endommagement intense adjacent au demi-cylindre restant du trou de mine, une nouvelle fracturation et la réactivation des fractures préexistantes. Les caractéristiques de la microfracturation intense adjacente aux demi-cylindres des trous de mine restants reposent sur l’étude des échantillons de roche en provenance du tunnel ZEDEX et de son extension au laboratoire souterrain d’Äspö (« Hard Rock Laboratory » ou HRL) en Suède et du tunnel de recherche d’Olkiluoto en Finlande. La fracturation nouvelle et réactivée repose sur les résultats du placement des rainures sur la roche dans le projet ZEDEX. La zone de porosité accrue adjacente aux demi-cylindres et pénétrant à une profondeur de quelques centimètres à fait l’objet d’études recourant à la nouvelle méthode 14C-PMMA. La pénétration des fractures radiales, considérablement plus profondes, a été étudiée par placement en utilisant un agent pénétrant coloré. Les résultats des études EDZ effectuées à Äspö et à Olkiluoto montrent que les caractéristiques de l’EDZ sont susceptibles d’être affectées de manière significative par la conception technique. Le volume vide de fracturation résultant du dynamitage autour du tunnel est du même ordre que celui de la zone concassée autour des trous de mine.service.

Jan 1, 2003

By P. Beukes, D. Bessinger, R. Glenewinkel

High titania slag is produced by the smelting of ilmenite and a suitable carbonaceous reductant in electric furnaces. Currently liquid slag is cast into large blocks, which take about 10 days to cool down before they can be crushed, milled and classified into two final products. The two products, chloride and sulphate grade slag, are differentiated according to their size. Granulation of titania slag has been identified as a possible alternative to the conventional block route. This paper discusses some of the work carried out at Exxaro Research and Development to investigate both wet and dry granulation of titania slag.

Jan 1, 2007

By L. A. Sandham

Environmental impact assessment (EIA) in South Africa is administered by the Department of Minerals and Energy (DME) for the mining industry, and the Department of Environmental Affairs and Tourism (DEAT) for all other sectors. Thus far, EIA research has focused on the process under the auspices of DEAT but none has focused on the EIA process that has been mandatory in the South African mining industry since 2004. Using the Lee and Colley(Lee et al.13) review package as a basis, a review model specifically tailored to the needs of the mining industry was applied to review the quality of a sample of 20 environmental impact reports (EIRs)approved by the DME. Results reveal that 85% of the EIRs are of a satisfactory quality. Presentational and descriptive components generally achieved higher quality grades than the analytical components such as impact magnitude and alternatives. The results show that in spite of some areas of weakness, and in spite of being conducted in terms of different legislation, EIR quality in the mining sectors appears to conform to the overall standard of quality of EIRs in other sectors in South Africa, and is also on a par with quality abroad. Hence, despite the criticism that DME is usurping the role of DEAT, it is concluded that EIRs of comparable standard are being produced, and that the quality of EIRs in the mining sector do not provide supporting evidence for this criticism. However, EIR quality is only a single aspect of EIA effectiveness, others including action and implementation of EIA proposals and mitigation measures.

Jan 1, 2008

By M. J. Kahn

A new Scramble has hit the African continent. This Scramble has many drivers: the 1978 Deng Xiao Ping liberalizations in China; the 1989 collapse of the Soviet empire; the ICT revolution; the ease of global communications. The underlying dynamic is the end of the bipolar world of the Cold War and its replacement with multipolarity. According to HSBC (2011), in 2050 China will be the world?s largest economy, with India number 3 and Brazil number 7. Russia will be 15th (below its old rival, Turkey). South Africa maybe ranked 30th, yet has been invited to join the exclusive (BRIC) club. One has to ask, why? It is sad to note how low South Africa is assessed to be?currently it is around number 24 in the world; the reason for the fall is that the HSBC model includes population growth, and it is in this domain that South Africa is a loser, being constrained by the impact of HIV/AIDS on its life expectancy. The original four BRIC nations include the factory of the world (China), the garden of the world (Brazil), the gas station of the world (Russia), and the back office of the world (India). South Africa comes to the club both as jeweller of the world and as gatekeeper. China, Brazil, and Russia all have considerable expertise in mining exploration, extraction, and processing.

Jan 1, 2011

By L. G. Austin

The paper summarizes the current state of development of simulation models for SAG and FAG mills, and gives the results of recent investigations of the physical processes occurring in autogenous grinding. The breakage process is treated as the sum of three regions of breakage actions: normal breakage caused by nipping of particles between media (steel balls or pebbles); abnormal breakage caused by media when the particle or lump is too big in relation to the media to be readily nipped; and self-breakage resulting from the chip¬ping fracture and abrasion of the tumbling action of rock lumps. Each region of breakage action has associated specific rates of breakage and primary progeny fragment distributions. A simplified form of the model was used to predict the performance of an 8 m diameter SAG mill with L/D = 0.5 grinding a copper ore, and predicted maximum capacity and minimum kWh/ton at about 6% ball load at 25% total filling. Two FAG mills of L/D = 2 were necessary to give the same capacity, and the simulations indicated a lower kWh/ton for these mills. For this ore, both systems were technically feasible.

Jan 1, 1987

By R. K. Brummer

A simplified two-dimensional plane strain numerical technique for the non- linear modelling of a tabular mining excavation in brittle host rock under high stress conditions is described. The model has been developed using relatively straightforward assumptions based on extensive underground investigation of the fracturing and deformation of rock at the stope face in deep gold mines on the Witwatersrand, together with observed rock behaviour under laboratory conditions. The reef rock is modelled as a linear string of yielding elements which interact horizontally, while the elastic rockmass remote from the reef is modelled using boundary element techniques. This elementary technique is shown to produce results which agree closely with the observed behaviour of the fractured rock during the mining of a remnant pillar

Jan 1, 1987

By M. Gericke

Over the past few decades the commercial application of heap bioleaching technology for the extraction of base metals has become increasingly important, due mainly to the depletion of high-grade ore reserves. Heap bioleaching is widely used for the extraction of copper from secondary copper sulphide ores. The design and engineering aspects of the process have received considerable attention, but issues related to the microbiology of the process have been subjected to less rigorous scrutiny. The major role of micro-organisms in bioleaching processes is to catalyse the regeneration of ferric iron and protons, from ferrous iron and by sulphur oxidation respectively. It is accepted that even the most carefully engineered heaps are heterogeneous in terms of temperature, pH, the presence of anaerobic pockets, irrigation efficiency, and dissolved solutes. Since interactions between solution chemistry, mineralogy, and microbial populations exist in heaps, a better understanding of the correlation between microbial numbers and types with changes in these chemical and physical profiles with time would be beneficial during process design and operation of heaps, and could result in faster start-up times and higher metal recoveries. This paper reviews the role of microbiology in heap bioleaching processes. Aspects such as microbial diversity, identification and monitoring of cultures, inoculation strategies, colonization behaviour, and tolerance to metals and salts are discussed, and the potential contribution of the knowledge to the improvement of the operation and design of heap bioleach processes assessed. Conclusions are drawn with respect to the role of genetic engineering, heap inoculation practises, and remaining areas for future heap bioleaching research and development.

Jan 1, 2012

A number of issues relating to the computational aspects of pillar design are addressed in this paper. The computation of average pillar stress values is important when attempting to establish criteria for pillar design and in the analysis of the stability of tabular pillar layouts. One of the default ?classic? numerical methods that are used to determine pillar stresses is the displacement discontinuity method. In many instances it is not clearly understood that this approach does suffer from some limitations, particularly in relation to the fact that in coarse element simulations, the simulated average pillar stress (APS) can depend on the chosen mesh size. The nature of this error is highlighted in this paper and some strategies are suggested to bound the magnitude of these errors. It is demonstrated as well that the popular linear stiffness approximation to pillar or seam compressibility does appear to allow reasonably accurate estimates of the average pillar stress when either the pillar height is varied or when the seam modulus differs from the host rock modulus. A practical implication of this study is that if the seam modulus is noticeably lower than that of the host rock, such as for coal seams, it is important to use a linear stiffness constitutive model for the pillars rather than a ?rigid? pillar assumption. This added complexity seems unnecessary, however, when simulating hard rock pillars in mines where the seam modulus is very similar to that of the surrounding rock.

Jan 1, 2011

It is almost eight years to the day when we launched the original SAMREC Code in March 2000. Since that date I think the SA minerals industry has matured beyond recognition in its approach to reserve and resource reporting, and I believe we can be justifiably proud of that progress. Many of those companies that have led the way in reporting standards are listed on our sponsors list. We thank them for their sponsorship but even more for their considerable support in all aspects of the SAMCODE organization. Matt Mullins, my co-speaker here today, has been instrumental in the revision of the SAMREC Code over a long period of time and also took up the reigns with the SAMVAL Code after the retirement of Rob Croll. I would like to formally thank Matt for his immense contribution in producing the two Codes; he can take great pride in the final product and fully deserves the many accolades that we have already received from our international counterparts. He has done all this whilst still maintaining a very demanding day job at BHPBilliton. Matt will be the first to admit that he has received tremendous support from more than 100 people who participated in the various working groups, many of whom are employed by our sponsors. There are obviously too many to mention by name but they deserve a big vote of thanks for their personal contributions. In addition to launching the two Codes we are also launching our ?branding? initiative with our own SAMCODE logo and the SAMCODE website: www.samcode.co.za. All the slides used in the presentation today will be on the website later today as will a newsletter which will serve as a media release.

Jan 1, 2008