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By A M. Nyembwe, A M. Garbers-Craig, R Cromarty

With the depletion of high-grade lump iron ore, concentrates have been identified as an alternative material for sinter making. Adding concentrates to the sinter mixture reduces sinter bed porosity and gas flow through the sinter bed. This will result in lower sinter strand productivity. A potential solution to this problem is to add concentrate in the form of micropellets. This study investigates the effect of concentrate and micropellet additions on the permeability of the sinter mixture. Permeability was measured on sinter mixtures containing ten to 40 per cent concentrates and micropellets at various moisture contents. The effect of concentrate and micropellet addition on the permeability–moisture relationship was examined. The results confirmed that the addition of concentrates into the sinter mix decreases the maximum permeability of the sinter bed. The incorporation of micropellets into the sinter mix reduced the permeability less than concentrate addition. The study also showed that the maximum permeability of sinter mixes containing concentrate is reached at the same moisture content as the sinter mixture without concentrate addition. For sinter mixes containing micropellets, additional water must be added to obtain maximum permeability. Parameters including the granule size, void fraction and angle of repose were also investigated to evaluate their effects on the sinter bed permeability.CITATION:Nyembwe, A M, Cromarty, R and Garbers-Craig, A M, 2015. Effect of concentrate and micropellet addition on iron ore sinter bed permeability, in Proceedings Iron Ore 2015, pp 69–76 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Jul 13, 2015

By G Clarke

Commissioning of the Cannington processing plant began in October 1997. The nameplate capacity (of 1.55 million tonnes of ore per annum) was achieved relatively quickly. Since then (like many mines) the operation has strived to increase throughput and improve valuable metal recoveries, to offset declining head grades and lift the value of the operation. The processing plant now has the capability of treating over 3.2 million tonnes of ore per annum and in financial year 2005/06 the combined concentrate production exceeded 600 000 wet tonnes, approximately 80 per cent above concentrate output in the first full year of operation (at the design feed rate). This improved performance was achieved by making changes and additions to each of the major unit processes û primary grinding, flotation, leaching, filtering and paste fill preparation. The changes have included: adding a fines flotation circuit, expanding the grinding circuit, adding a pebble crusher, switching from continuous to batch leaching, building paste conveyors and decommissioning the column flotation cleaning circuits. This paper reviews these changes, outlines the current operating practices and discusses the challenges or opportunities that remain.

Jan 1, 2007

By A D. Strand

The Coeur dÆAlene mining district in northern Idaho, USA is the second largest producer of silver in the world. The Proterozoic Revett Formation hosts most of the mesothermal Ag-Pb-Zn vein ore in the district; it consists of informally designated lower, middle, and upper members. All three members show up to an order of magnitude of southward thickening across the regionally significant Osburn fault. Changes in thickness of the Revett Formation across the Osburn fault reflect a major, down-to-the-south, crustal-scale fault that:was active during sedimentation, was periodically reactivated during the structural and metallogenic history of the district, and likely provided first-order control over regional fluid flow during mineralization events. Where vein structures intersect favourable strata, they produce rich ore; where vein structures cross unfavourable strata, they are poorly mineralised or barren. The most favourable host rock in the district is quartzite, which accounts for the large production from the quartzite-rich Revett Formation.The district has five main types of hydrothermal alteration:feldspar destruction, hydrothermal bleaching, carbonatisation, sulfidation, and silicification. Feldspar destruction is the most extensive and pervasive type of alteration, involving the district-wide absence of feldspar from Belt Supergroup rocks. Hydrothermal bleaching results from the destruction of hematite; it forms alteration envelopes that extend for tens to hundreds of metres into the wall rocks around many of the mineralised veins. Siderite alteration is most diagnostic of mineralisation, forming alteration envelopes that extend for tens to hundreds of metres into the wall rocks around all mineralised veins. Fine-grained arsenopyrite and/or fine-grained pyrite commonly form alteration zones adjacent to high-grade ore shoots that extend for metres to tens of metres into the wall rocks. Widespread silicification is most easily recognised by the presence of numerous quartz veins.

Jan 1, 2002

By A Simmons, R Longey, D Brett

The South Deposit Tailings Storage Facility (SDTSF), located at Grange Resources Pty Ltd’s (Grange) Savage River mine in north west Tasmania, has recently begun construction. The facility will provide storage for approximately 37 million cubic metres of tailings, equating to approximately 20 years’ tailings storage.The SDTSF embankment will be constructed entirely out of waste rock won from mining operations, and will feature a flow-through drain constructed from alkaline, non-acid forming (NAF) waste rock. This provides Grange with an economical storage solution for waste management (both tailings and waste rock) and maximises available space on site. The outflows discharged through the alkaline rock ‘flow-through’ will provide a long-term source of alkalinity to Main Creek, subsequently feeding into Savage River. This will provide environmental benefits to the downstream ecology that has long been degraded due to the effects of legacy acid and metalliferous drainage (AMD), caused by historical mining operations.CITATION:Longey, R, Brett, D and Simmons, A, 2015. Integrated mine waste management – South Deposit Tailings Storage Facility, Savage River mine, Tasmania, in Proceedings Tailings and Mine Waste Management for the 21st Century , pp 343–352 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Jul 27, 2015

By P Esteves, J L. Bechir, R Galery, C Senna, V Souto

The current moment experienced by the mineral industry is marked by a series of economic, social and environmental challenges. Among the main challenges, it is important to highlight the decreasing in ore grades with the gradual depletion of the existing deposits, the high volatility in international commodity prices and the operational inefficiencies in the mine, beneficiation, and metallurgical plants. In this context, mining companies are continuously looking for alternatives that minimize production costs and maximize overall production. In addition, recent tragedies involving tailings dam collapses in Brazil, reinforced the need for a more responsible, sustainable, and conscious mining, such as aiming the preservation and rehabilitation of the land environment. In this scenario, the Sensor-Based Sorting (SBS) technology is currently getting more space into the mining market. This separation technology aims the removal of gangue material in coarse particle size fractions, prior to comminution and concentration stages. As a consequence, the technology allows a smaller consumption of energy, water, chemical reagents and other inputs. Moreover, the sensor-based sorting is a dry processing technology and favors the reduction of fine material to be sent to the tailings. The aim of this paper is to provide information regarding the technical and economical evaluation of SBS technology applicability to a zinc silicate mining in Brazil. The project evaluation was performed in two stages: laboratory test work and the execution of a pilot plant. The execution of a pilot plant allowed the technology optimization, quantification of downstream process effects, such as a proper economic evaluation about the technology benefits. Keywords: Sensor-Based Sorting; Particle Sorting; Ore Sorting; Preconcentration; capital expenditure (CAPEX); operating expenditure (OPEX); zinc; comminution; dry processing.

Nov 10, 2020

By I Canbulat, A Mcquillan

This paper presents a parametric analysis showing the impact of virgin in situ stresses on a shallow (less than 100 to 150 m) high slope in a jointed sedimentary rock environment. Slope stability is assessed at varying ratios of slope orientation and horizontal stresses. The results of this study indicate stress conditions should be included in stability assessments of excavated slopes, particularly where structure is orientated perpendicular to the direction of horizontal stress. Some consideration of stress state is applied in deep open cut pits (eg those with planned excavations of 400–1200 m) (Myrvang et al, 1993; Stacey et al, 2003; de Bruyn et al, 2014; Kozyrev et al, 2015). Dodd and Anderson (1972), Kalkani and Piteau (1976), Lee (1978), Coulthard et al (1992), Noorani et al (2011) have studied the effect or horizontal stress and its impact on slope stability, showing that tensile stresses tend to develop at the crest of the slope, with larger tensile zones for higher horizonal stresses and steeper slope angles (Stacey, 1970, 1973; Sjoberg, 2013). However, the consideration of virgin stresses on shallow slope stability is less frequent (Lynch et al, 2005; Dight, 2006; Lucas, 2006; Sjoberg, 2013). This has led many geotechnical engineers to believe the impact of virgin in situ stresses on open cut slope stability is minimal and not worth time or consideration in modelling, or their effects on slope stability are still poorly understood (Stacey et al, 2003; Sjoberg, 2013).

Nov 29, 2022

By J A. van Niekerk, J G. Jardine, J W. Olivier

The Runruno Gold Project is located on the island of Luzon, approximately 200 miles north of Manilla in the Philippines. The mine is an open cut operation and uses the proven BIOX® and carbon-in-leach (CIL) processes to recover gold, and the ASTER™ process for detoxification of the CIL residue prior to discharge to the Residue Storage Impoundment (RSI). Work to date has defined a mineral resource of 1.39 million ounces (Moz) of gold, and the operation will produce 96 700 oz of gold per annum over a mine life of 10.4 years. The BIOX circuit is designed to treat 140 000 t/y of concentrate with a design capacity of 404 t/d of concentrate at a design sulfide sulfur grade of 17% S2-.The Runruno BIOX Plant is the first application of the Outotec BIOX Generation III design principles, focussing on ease of operation and maintainability. During development and implementation, the project team focussed on identifying opportunities to optimise the capital efficiency while not compromising on the operability or overall efficiency of the process or the equipment. The BIOX plant also incorporates the latest developments in the design of the BIOX agitators for more efficient mixing and gas dispersion. This paper will discuss some of the critical aspects and decisions taken during the development and implementation of the BIOX Process at the Runruno Gold Project. The paper will highlight some of the factors affecting the commissioning process as well as the improvements seen through the introduction of the Generation III BIOX design principles. CITATION:van Niekerk, J A, Olivier, J W and Jardine, J G, 2017. Implementation of the BIOX® process at the Runruno Gold project, in Proceedings MetPlant 2017, pp 218–228 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Sep 11, 2017

By L O. Filippov, A Piçarra, I V. Filippova, N P. Lima, K Silva

The reverse cationic flotation using the starch as depressor of iron oxides is the most efficient upgrading process when is applied to the simple systems composed by hematite/magnetite and quartz. The fundamental studies performed with iron ore samples from different deposits over the world (Brazil, Russia, Mexico) confirmed the inefficiency of starch when the silica content in the concentrate is controlled by Fe/Mg-bearing minerals. The main approaches for solving these issues focused on using new collector formulations or new depressants. However, the alternative depressants tested inhibited flotation of quartz or were less efficient as iron oxide depressant. In this work, a comparison between new amidoamine collector with conventionally used etheramine and oleate collectors in the flotation of pure minerals and actual iron ore samples was performed. The electrophoretic mobility, contact angle and infrared spectroscopy measurements allowed to deduce the hindrance effect as main mechanism of selective adsorption of the amidoamine on the quartz surface compared to hematite and kaolinite. Molecular modelling studies revealed that this steric hindrance effect can be explained by the combination of the "shield" formed by the coordinating water molecules on the (001)-D2 hematite surface and the large volume of the amidoamine head group. The amidoamine tested as collector without use of a depressant showed excellent flotation selectivity allowing the total flotation of quartz from a mixture with hematite. High collector performance and selectivity were confirmed during reverse flotation of quartz using continuous flotation column (D = 500 mm; H = 4000 mm) and allowed to produce the iron concentrates with more than 60 per cent of iron from the rejected slimes samples of Vargem Grande 2 processing plant (Iron Quadrangle, MG, Brazil). The new collector allowed to develop flexible flotation flow sheets to process the iron ore with a complex gangue mineralogy and unlock the old altered tailings and slimes product as new resources

Aug 24, 2022

By J M. Wallis

Heavy mineral sand exploration drilling prior to the 1970s generally utilised open hole auger and air-blast type drilling. However, mining reconciliations were poor and limitations on accuracy and precision of drilling results were severe.Working with the exploration companies, Wallis Drilling principals designed various systems, including what was termed the ‘Eneabba System’ and then the ‘Capel Twin-Tube System’. Eventually the company with its improvements developed and patented the Aircore Drilling System.Aircore drilling has subsequently become recognised as an excellent drilling system for exploration and mine-sample drilling that gives good precision and accuracy in sampling both above and below water. Its use has also been extended to many other commodities and is used in a number of overseas countries.This paper documents anecdotally the development of the system, identifying problems encountered during the times it was evolving and of the means to overcome the problems as being the documentation of the story by the inventors and developers in Wallis Drilling Company. Aircore drilling system is a Western Australian technological development owing its existence to the designing and incorporation of a number of discrete improvements along the way and recognises the tenacity and inventiveness of all who contributed to the system, in both Wallis and also in a number of companies that gave the impetus to succeed.

Oct 5, 2011

By M Erskine, R Mills

This paper approaches tailings dam risk management from the perspective of how other high hazard industries approach the management of their catastrophic event risks, with the aim to provide recommendations from these learnings for the industry to adopt.

Jul 1, 2021

By Q Zhou, G Barrett, Y Choi, J Jiang

As part of a general review of processing double refractory ores through Barrick GoldÆs autoclaves /carbon-in-leach (CIL) facility at Goldstrike, a study was made to evaluate the use of surfactants for reducing the loss of gold during cyanide leaching of preg-robbing gold ores. Consistent improvement of gold recovery was observed with surfactants at various testing conditions. This paper will discuss the results obtained from laboratory and pilot-scale testing, as well as, review potential mechanisms for the observed improvement in gold recovery.CITATION:Zhou, Q, Barrett, G, Jiang, J and Choi, Y, 2013. Surfactants for gold recovery improvement with preg-robbing gold ores, in Proceedings World Gold 2013 , pp 367-372 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Sep 26, 2013

By M A. Rhamdhani, R Z. Mukhlis

Removing the ledge formation in the Hall-Heroult cell during the electrolysis process may significantly reduce the energy requirement of the aluminium production process. In the absence of the ledge, however, the sidewall-material types become heavily restricted since the cryolite is very corrosive at the electrolysis temperatures. This paper study the corrosion behaviour of sintered nickel ferrite, nickel aluminate, and magnesium aluminate refractories (as possible candidates for sidewall material) in molten aluminium and cryolite melts with various alumina content at 980°C. Immersion tests of refractories with various porosity were conducted to assess the suitability of the refractories in the corrosive environment of the electrolysis cells. Microstructural change of the refractory after immersion were analysed using secondary scanning electron microscopy (SEM). Sampling of the melts were taken at 0, 10 min, 30 min, and each hour up to 6 hrs, and subsequently analysed by Inductively Coupled Plasma (ICP) spectroscopy. Based on the projected concentration of the refractories constituents in the melts, it was predicted that the corrosion rate of NiFe2O4, NiAl2O4 and MgAl2O4 in cryolite with 11 wt per cent Al2O3 were 461 × 103, 1.03 × 103, and 798 × 103 cm/a, respectively. Much lower corrosion rate of 2.3 cm/a for NiFe2O4, 2.6 cm/a for NiAl2O4 and 0.3 cm/a for MgAl2O4 were predicted if the refractories in contact with aluminium melts. Erosion played an important role in the corrosion as the concentration of the refractory constituents in the melts were beyond its solubility limit. It is therefore crucial to increase the densities of the refractory and improve its wetting characteristics.

Aug 21, 2024

By P Holtham, K C. Runge, E Tabosa

Traditionally, comminution and flotation have been surveyed, analysed and optimised separately. This often results in less than optimal outcomes because of the complex interactions between the two processes. Flotation recovery is a strong function of the valuable mineral particle size distribution with lower recovery of ultra-fines due to poor flotation kinetics, optimum recovery for the intermediate sized particles and lower recovery for the coarser particles due to poorer liberation. Thus, to optimise flotation recovery and grade it is usually best to grind to a fine size. This requirement needs to be balanced by the cost of grinding finer and the revenue that results from an increase in grinding throughput, which often results in a coarsening of the flotation feed.This paper demonstrates a technique which can be used to predict the effect of a change in feed grind size on flotation performance. It can be used to determine the optimum grind size for a particular operation which optimises total circuit profitability. Analysis is relatively easy to perform, as a minimum, requiring only size by assay data of the feed and product streams of the process. Case studies will be presented that demonstrate the usefulness of this technique in feed grind applications. Potential use of the technique for regrind evaluation is discussed. The limitations associated with this technique in certain circuit scenarios will also be outlined.CITATION:Runge, K C, Tabosa, E and Holtham, P, 2014. Integrated optimisation of grinding and flotation circuits, in Proceedings 12th AusIMM Mill Operators’ Conference 2014 , pp 77–84 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Sep 1, 2014

In practice a sampling solution is a compromise of many requirements: the sample should be representative; the sampling system should also be reliable, less than 95 per cent availability restricts the use of the assayed sample for process control purposes; no sample is the worst sample, and investment costs and installation space/layout are frequently a restriction. For instance, online X-ray analysers for process control introduce a delimitation error by the nature of X-ray physics. Thus only in special cases a relative accuracy better than three per cent relative, as one standard deviation, is achieved. A sampling system for process control needs not to be, as representative, for so many sample properties, as one for composite laboratory analysis samples. Sampling system maintenance is also an important issue. There are many sampling systems in the industry which have been difficult to maintain and are in disuse for lack of resources or incentives to keep them running. Pierre Gy developed the most generally accepted sampling theory. One of the main principles is that all particles in a one-dimensional process stream should have equal chances of being included into the sample. A correctly designed and operated transversing cutter comes close to this goal but has limitations in temporal representativity. For slurries an acceptable solution in many cases is to use a fixed vertical cutter(s) in a position where the slurry is well-mixed by turbulence and other means. For online analysis, reliability problems are mostly related to faulty design or installation of the piping system to the analyser. Properties of material processed, process flow sheet and piping details before and after the sampler have to be taken into account when deciding on which sampling arrangement is appropriate. Guidelines and some solutions to these issues are presented in this paper.

Mar 1, 2010

By J Foster

The Lanfranchi Nickel mine is located approximately 48 km south of Kambalda in Western Australia. Mining first commenced in the mid-1970s under the previous owner, Western Mining Corporation Ltd. After two years on care and maintenance, Panoramic Resources (previously known as Sally Malay Mining Ltd) purchased the operation in November 2004. The site currently produces approximately 10?000 tonnes of nickel metal annually from approximately 430?000 tonnes of ore. The Ore is mined from four main orebodies; Deacon, Helmut South, Lanfranchi and Schmitz. The Helmut South orebody is situated approximately 790 m below surface and extends to a resource depth of 940 m. Horizontal thickness of the orebody ranges from 10 m to 45 m in width, with the average being 30 m. Previous mining at the Lanfranchi operations specifically the Helmut orebody, had a history of seismic activity. When Panoramic Resources acquired the operation it was decided that seismicity was going to be an issue and therefore a mining method needed to be selected that could effectively manage this potential risk. The dip of the orebody is quite shallow at 45º, with a 30º plunge to the south . The hanging-wall comprises of very weak ultramafics. Due to these factors the orebody posed several mining challenges. To safely and effectively mine the Helmut South orebody in the Lanfranchi Nickel mine, underhand cut and fill mining was selected as the most appropriate mining method. Paste fill comprising of cemented gold tailings was the backfill of choice. This paper is intended to convey some of the key learnings from the use of a mining method that has not been commonly practiced in Australia.

Mar 21, 2011

By N Clarke, J Hunt, A Barros, L Keeney

The Gramalote orebody is a large low-grade gold deposit situated in the San Roque municipality, 124 km north-east of Medellin in Antioquia, Colombia. It is jointly owned by AngloGold Ashanti (AGA) and B2Gold and is currently in Feasibility Study phase. In 2013 AGA requested CRCORE to undertake a preliminary study of the potential application at Gramalote of pre-concentration by screening, part of the Grade Engineering suite. 160 samples of coarse assay rejects (-3 mm) were tested and showed one of the strongest responses seen worldwide to that time, suggesting that about 70% of the gold could be recovered into 40% of the mass. This was seen as potentially markedly improving the Gramalote economics. A large-scale testing program was implemented on site to follow up these results. A total of 18 samples of 17 t each were mined along a pre-existing exploration adit. A complex test flowsheet allowed size fractions to be generated from the as-received material as well as after crushing to 53, 23 and 3 mm, all from the same head sample. The procedures were designed after carrying out a heterogeneity study to measure sampling errors. The coarser size fractions were designed to study the effect of crushing on upgrade response and predict the response on open-pit run-of-mine ore. The finer size fractions were designed to investigate means of predicting the upgrade response across the orebody. The large-scale testing closely confirmed the average upgrade response as predicted from drill core assay rejects but found that only the -53 mm crushed material accurately predicted the upgrade response of individual samples. Ore geochemistry was able to usefully distinguish samples with good and poor response. A small study on drill core suggested that, for Gramalote, fine crushed material distinguishes vein associated and disseminated values but not other factors that control actual outcomes.

Nov 10, 2020

By X Feng, X Zhang, W Sun, Y Zhe, K Hou, B Zhao, H Liu

Pulang Copper Mine, being China's largest newly built mine using block caving, boasts an annual production capacity of 12.5 million tons. Production level and roadway stability hold the key to the successful application of block caving. However, with Tong Kuangyu being the only mine in China which has applied such a method, we currently lack relevant experience in the successful application of the method. This paper has studied the influence of different rock mass zonings, fault thickness, fault dip angles, on-site construction quality on the production level, roadway stability of block caving through numerical simulation and analysed the roadway stability in different kinds of support solutions so as to ensure the successful application of block caving in Pulang Copper Mine. The results have shown that the existing support method in Pulang Copper Mine can meet the requirement of roadway support in zone II and III, but could not satisfy the demand in terms of support strength in the relatively fragmented zone I area. When roadway passes through the fault, the deformation of surrounding rock and plastic zone of roadway will gradually decrease with the increase of fault dip angle; the deformation of surrounding rock and plastic zone of roadway will gradually increase with the increase of fault thickness. An ideal support effect can be achieved through the joint support of grouting and bolting when roadway passes through the fault. In the measured model of on-site construction, there is stress concentration in the intersection between the access and transverse drift of ore removal. Therefore, the stability of the roadway can be improved by improving the construction quality. CITATION:Sun, W, Hou, K, Zhang, X, Feng, X, Liu, H, Zhe, Y and Zhao, B, 2018. Research on supporting technology for production level roadways of block caving in Pulang Copper Mine, in Proceedings The Fourth Australasian Ground Control in Mining Conference (AusRock), pp 95–106 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Nov 30, 2018

By M Saghaeian, M Zare, V Sheikhzadeh, R Hejazi

High-Pressure Grinding Roll (HPGR) is one of the efficient methods for increasing the specific surface area (SSA) of iron ore concentrate for pellet feed production. HPGR grinding mechanism implies that material should compressed between the two rolls, therefore layer of material must be able to resist required pressure for achieving suitable grinding conditions. In this study, by doing SSA increasing tests with pilot HPGR, the effects of silica reduction on SSA increasing results were investigated. For this purpose, HPGR tests were performed on an Iranian magnetite concentrate before and after reverse flotation silica reduction tests. Based on the laboratory test results, silicates have been concentrated in two fraction sizes of the sample comprises coarser than 150 microns in form of quartz and finer than 7 microns in form of iron silicates. These silicates have been effected on reduction of concentrate bed pressure resistance by creating a pasty and sticky mud. In this condition, HPGR cannot work properly and operation results are not acceptable. According to flotation silica reduction tests, with 90 per cent weight recovery, concentrate Fe grade is increased from 67.8 per cent to 69.5 per cent and SiO2 content is reduced from 1.98 per cent to 0.9 per cent and especially for lower than 7 microns fraction size, as a critical fraction, SiO2 content decreased from 4.45 per cent to 2.35 per cent. HPGR tests were performed on 8 per cent moisture in 4 N/mm2 specific force and according to the results after silica reduction HPGR operation conditions are optimised. Results showed that the working gap increased from 7 to 10.5 mm and specific throughput of material raised from 180 ts/hm3 to 250 ts/hm3 , and SSA increased by 300 cm2 /gr in a single pass.

Aug 24, 2022

By B Gyngell, P Culvenor

Large language models (LLMs) have generated a lot of hype since ChatGPT was released in early 2023. In essence, they allow people to interact with computer systems through natural language and have the ability to generate highly complex text, images and videos (Patil and Gudivada, 2024). It is clear that this technology has significant potential, however most mining companies have not yet found practical applications for it within their operations. In this paper, we present a range of such applications along with the tactical considerations associated with developing and implementing them. We have identified use cases across a variety of operational and functional areas within the mining industry and evaluated them based on their potential business value and ease of implementation. Firstly, we provide an overview of how LLMs work and a review of how LLMs are being applied in other industries to provide best practice inspiration for mining. Next, we present a list of possible applications in mining and a critical assessment of each use case. This section also includes a technical deep dive into the different methodologies for developing the technologies as well as an analysis of barriers to adoption within mining organisations. Finally, we share a discussion of the potential path forward for LLMs in mining and the impact they could have on the industry. We analyse the potential differences between early adopters and laggards in the artificial intelligence (AI) space. This research draws on interviews and surveys with artificial intelligence experts as well as mining subject matter experts to connect cutting edge thought leadership with the specific problems faced by our industry.

Sep 1, 2024

By S Love, M Anderson, M Boland

"The high rate of failure of new mine developments to meet feasibility study expectations has been the subject of many fine technical papers. Yet failure rates remain stubbornly high.Similarly, the common occurrence of disastrous acquisitions resulting from failed due diligence on projects is well known. Yet such mistakes continue to be made.The authors argue that project and due diligence failure are caused at least partly by cognitive biases. These biases pervade decision-making throughout project evaluations.A wider understanding of these biases (and their effects) is necessary. Only then can mitigating actions be taken.The opportunity for this wider understanding exists. A number of best-selling books have been published on the topic in recent years. With wider understanding of key concepts and terms, cognitive biases can be recognised and discussed. They can also be challenged and mitigated.The authors believe that these concepts should be entry-level, required knowledge for anyone evaluating, developing, reviewing or financing mining projects.Perhaps the most prevalent biases in project evaluation failure are the ‘over-optimism’ biases. In particular, the planning fallacy and confirmation bias.The anchoring effect is also pervasive. This bias propagates unrealistic assumptions from scoping and prefeasibility studies through to so-called definitive feasibility studies. Unrecognised anchoring biases also undermine the validity of many ‘independent’ due diligence reviews. They are also prevalent in corporate acquisitions.The availability heuristic refers to a mental shortcut that can lead to a number of biases. One of these is the narrative fallacy. The mind constructs coherent narratives and opinions, regardless of the amount and quality of the information that support them. Narrative fallacy commonly occurs in the evaluation of social and political risk. Another is disaster neglect, which is especially common in the failure to assess risks associated with tailings management.This paper outlines the relevance of these biases to mine project evaluations. It also provides examples where the authors have observed their effects.CITATION:Love, S, Boland, M and Anderson, M, 2016. Influence of cognitive biases on project evaluation, in Proceedings Project Evaluation 2016, pp 226–235 (The Australasian Institute of Mining and Metallurgy: Melbourne)."

Mar 8, 2016