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By Guangdong Institute of Resources Comprehensive Utilization, Y. H. Tang, H. X. Hu, T. S. Dong, Z. H. Zhang

"A world class rare metals ore deposit in Africa belongs to a massive granite type poly-metallic pyrochlore-niobium resource. Successful project development in realizing the resource is vital to Africa’s economy and pyrochlore processing technology.The ore properties are quite complex due to the presence of varieties of valuable minerals, fine dissemination and intimate association of minerals and the relative abundance of easy-floatable minerals. The separation of pyrochlore from zircon, calcite and mica is generally considered difficult. Whilst studies have previously been conducted by several independent institutions overseas, no satisfactory process has yet been developed to date for the ore deposit—possibly due to the process designed being too complex; high cost of regents; lower performance.Based on process mineralogy study and extensive testwork, the authors have in recent years developed a new technology—“De-slime—Iron-rejection—Zircon (with calcite) and Calcite reverse flotation—Pyrochlore flotation”. The flow-sheet is characterized by ?1prior removal of slimes and iron minerals; ?2 Zircon (with calcite) and Calcite reverse flotation; and ?3Pyrochlore flotation applying new type of chelating collector GYX3 developed by GZRINM in conjunction with selected regulators and depressants.The process involved in the new technology is simple to implement and facilitates stable operation; the flotation reagent regime is easily adaptable; the cost of main reagent is lower largely because it is easy to manufacture and is environmental friendly. Laboratory test results demonstrated that, for raw ore assaying 0.35% Nb2O5, 0.03% Ta2O5 and 0.45% ZrO2, pyrochlore concentrate grade of >35% Nb2O5 could be obtained with >74% recovery. Meanwhile, the Ta2O5 content in pyrochlore concentrate could be recycled, and ZrO2 recovery >50% could be achieved in zircon concentrate assaying ZrO2>63%—significantly improving the technical-economic indicator. These results were verified in pilot trials of 1.44t/d throughput. The paper presents the new technology in whole, summarizes the key factors affecting its performance and discusses in simple terms the mechanism of separation."

Jan 1, 2016

By Guangdong Institute of Resources Comprehensive Utilization, Y. H. Tang, H. X. Hu, T. S. Dong, Z. H. Zhang

"A world class rare metals ore deposit in Africa belongs to a massive granite type poly-metallic pyrochlore-niobium resource. Successful project development in realizing the resource is vital to Africa’s economy and pyrochlore processing technology.The ore properties are quite complex due to the presence of varieties of valuable minerals, fine dissemination and intimate association of minerals and the relative abundance of easy-floatable minerals. The separation of pyrochlore from zircon, calcite and mica is generally considered difficult. Whilst studies have previously been conducted by several independent institutions overseas, no satisfactory process has yet been developed to date for the ore deposit—possibly due to the process designed being too complex; high cost of regents; lower performance.Based on process mineralogy study and extensive testwork, the authors have in recent years developed a new technology—“De-slime—Iron-rejection—Zircon (with calcite) and Calcite reverse flotation—Pyrochlore flotation”. The flow-sheet is characterized by ?1prior removal of slimes and iron minerals; ?2 Zircon (with calcite) and Calcite reverse flotation; and ?3Pyrochlore flotation applying new type of chelating collector GYX3 developed by GZRINM in conjunction with selected regulators and depressants.The process involved in the new technology is simple to implement and facilitates stable operation; the flotation reagent regime is easily adaptable; the cost of main reagent is lower largely because it is easy to manufacture and is environmental friendly. Laboratory test results demonstrated that, for raw ore assaying 0.35% Nb2O5, 0.03% Ta2O5 and 0.45% ZrO2, pyrochlore concentrate grade of >35% Nb2O5 could be obtained with >74% recovery. Meanwhile, the Ta2O5 content in pyrochlore concentrate could be recycled, and ZrO2 recovery >50% could be achieved in zircon concentrate assaying ZrO2>63%—significantly improving the technical-economic indicator. These results were verified in pilot trials of 1.44t/d throughput. The paper presents the new technology in whole, summarizes the key factors affecting its performance and discusses in simple terms the mechanism of separation."

Jan 1, 2016

By F. Chiesa

Forty aluminium A356 castings were poured on a Low Pressure Permanent Mould industrial machine, 500x700mm in platen size. The 152mm wide casting comprised three steps, 25mm, 13mm, 6mm in thickness and a 2.5mm overflow which allowed to assess the thin wall capability of the process. The casting campaign, which produced 40 parts, allowed to test the influence of various production parameters including the time of application of the pressure in the crucible, artificial cooling of the mould and casting rate. The thermal history in the mould was recorded over the 40 cycles, which allowed to construct a reliable thermal model of the mould/casting assembly. The metallurgical quality of castings representative of the various conditions was assessed in the 25mm, 13mm and 6mm plates. This included measuring the level of microporosity, the dendrite fineness (DAS), along with the tensile properties in the T6 condition. The radiographic quality per ASTM E155 was also determined. Modelling filling and solidification allowed to verify the validity of the predictions based on available relationships relating microporosity, secondary dendrite arm spacing (DAS) and local tensile properties (Quality Index, Q) to the local thermal solidification parameters.

Jan 1, 2007

By Bruce Mennie

PT Freeport Indonesia (PTFI) operates copper and gold mining operations in a mountainous area of the Mimika regency, near Tembagapura, Papua (formerly, Irian Jaya), Indonesia. The mining and concentrating operations typically produce 240,000 metric tonnes per day of Copper and Gold ore from the combined mining of an 80,000 tonne per day (ore) block cave operation (DOZ Mine) and a 160,000 tonne per day (ore) open pit mining operation (Grasberg Open Pit). The Grasberg Open pit mine will be complete in 2016 at which time PTFI?s operations will convert to Underground. Mining operations will transition from today?s mixed surface and underground operation to full underground mining over the next 6 years. This paper reviews the history of Redpath?s relationship with PTFI, beginning with a raiseboring contract in 1981 and evolving into vertical and horizontal development contracts of up to 37,700 equivalent metres of lateral development and 4,000 metres of vertical development in 2011. An overview of the current operations (PTFI?s Grasberg Open Pit and DOZ Underground Mines) and transition period (challenges for the transition from current to future underground mines) is presented with details of development of common underground infrastructure and future mines; Big Gossan Mine, DMLZ Mine, Grasberg Block Cave Mine, and the Kucing Liar Mine.

Oct 1, 2010

By S. F. Featherby

"This paper traces briefly the historical development of coal handling systems to meet the needs of a rapidly developing thermal power generation technology. The wide range of operating requirements is demonstrated by comparing and contrasting the Wabamun GS of Calgary Power Ltd. and a typical modern Ontario-Hydro thermal plant. The problems of safe storage of large tonnages of coal in stockpiles are discussed, together with recommendations for stockpile management. The development of coal bunkers and their management is discussed in detail, together with future trends in the industry."

Jan 1, 1966

By N. Pajunen, R. Mäkikoskela

"The current state of environment has been achieved by acting linearly. At the same time, we know that transition towards circular economy cannot be made the same way that we have used to, trusting only a market economy and economic growth. Environmental improvements have been promoted, some progress has been made, but major steps towards sustainability have not been taken. Industry is now facing significant change, from process related environmental thinking to product-based environmental thinking.Engineers make decisions which have lifelong influence and even longer on environment and society. Material engineers in case of saving natural resources and increasing material cycle, have an important role to play in the transition towards sustainability. Best knowledge of minerals and materials is in the material development phase. If we want to increase the cycle of different materials, it is vital to make decisions towards circular economy in early phase of product´s life cycle.The target of this study is to promote circular economy; to increase material efficiency; to save natural resources; and to extend product lifecycles in process industry via product design and material development. In this study we have a new kind of cooperation. We combine two disciplines, engineering science and fine arts. We promote sustainability via breaking out the silos. We bring the cyclic artistic thinking into engineering science and environmental research. The new research combination makes the existing information visible in a new way, and it will change attitudes and ways to act by means other than traditional linear rationality.We have tested the new working method via the industrial case study with the chosen product: the sandwich panel of construction industry. The target of the study was to create something new from the chosen product with artistic thinking. The working method will be presented in this paper."

Jan 1, 2016

By D. Campbell Mackenzie

THIS paper is submitted primarily to put on record the results of a number of experiments carried out at the Wingdam mine of Consolidated Gold Alluvials of B.C., Ltd., with the object of establishing a reliable method of concentration of 'wash' and a maximum recovery of gold from the concentrate. It will be generally admitted that, during the last two decades, a tremendous amount of research work has been carried out, both by private companies and Government departments, with a view to improving the technique of the recovery of gold .from quartz veins or lodes. So thorough have been these investigations that milling practice at a modern quartz gold mine is almost an exact science, carried out with meticulous accuracy. In placer mining, on the other hand, very little departure from old traditional methods can be noted, with the exception perhaps of the more modern gold dredges. This may be due to the fact that the concentration of placer gravels, up to a certain point, is comparatively easy. Only a simple equipment of sluice box and riffies seems necessary where the gold is coarse and the gravel free from clay. In the early days of placer mining, when claims were rich and fairly 5hallow, nobody worried very much about fine gold; and, if clay was present, an enlarged dump box was constructed in which the gravel was subjected to a rather desultory puddling. That large quantities of gold are lost in normal placer practice is generally admitted. Some 26 years ago, I had inspectorial charge of many bucket dredges on the Ovens river, in Australia. Occasionally it was necessary for a dredge to work through its own tailing to reach a new section, and almost without exception enough gold was recovered from these tailings to defray the total cost of moving the dredge. Since those days, the technique of gold recovery in dredging has been considerably improved and it is still receiving close attention. Outside of dredge mining, most placer operations, deep or otherwise, are as they were-notorious gold losers, paying little attention to the recovery of fine gold and taking an absurd amount of time over each clean-up. In the Cariboo district of British Columbia, the alluvial gold is usual y associated with varying quantities of black sand (magnetic) and grey sand (non-magnetic); and it can be taken as axiomatic that, if you save all the black sand and grey sand, you save practically all the gold. It is on this hypothesis that we have carried out our research work and brought our recovery system up to its present highly satisfactory standard.

Jan 1, 1937

By A. A. de Gast, R. B. James

"The metal content of ore blocks can be calculated by the use of many different methods. These methods range in sophistication from manual calculation to computer. oriented techniques. In this case a cubic polynomial regression model is developed to depict the grade distribution of an orebody. Mine production, in stope dimensions, is then simulated on a computer to predict the output of metal content. The volume, grade and variance of the grade are estimated by triple integration and matrix algebra. A case study shows reasonable agreement between the results from the mathematical model and the mine geologists' estimate of production and ore reserve grade and tonnage."

Jan 1, 1972

By R. Tyreman, G. Ritson

"The Red Lake Mine is situated in Balmer Township, Red Lake area in northwestern Ontario. It is an underground mine that has been in production since 1948. The property was originally known as the Dickensen Mine and was shut down in 1996.A feasibility study was carried out in 1998 and it was determined that a new mill should be constructed with a throughput rate of 600 stpd. The life-of-mine average gold grade was projected to be 1.35 oz/t with gold predominantly associated with arsenopyrite and pyrite. Metallurgical testwork indicated that the optimal flowsheet for gold recovery would include an autoclave for oxidation with a carbon circuit for adsorption. To limit capital cost and establish cashflow, the mill was constructed without an autoclave. The recovery by gravity and cyanidation was projected to be 83%. A flotation plant was constructed at the tail end of the circuit to recover the additional gold associated with sulphides from the leach circuit tailings. This material is being stockpiled onsite for future oxidation treatment.Detailed engineering was started in early 1999 and the first gold was poured in August 2000. One feature of the project was the use of Contact Lake equipment from Cameco’s Contact Lake project. The entire mill was purchased and equipment re-used where possible. The capital cost for the process facilities was C$3 1.5 million."

Jan 1, 2001

By M. Pourkani, M. Karga, Samid Banis, Andre Laplante, G. Langari-Zadeh

"The Sarcheshmeh mine processes 40,000 t/d of ore grading 0.9% Cu and 0.035% Mo. Grinding is effected in single stage ball mills using 80 mm forged steel balls, with an average consumption of 850 g/t. One of its 5 m diameter, 8 m length ball mills was emptied to measure the ball size distribution. The broken balls were first separated from the total charge, and the remaining balls classified into five size intervals of +7O mm, -70 +60 mm, -60+50 mm, -50+40 mm, -40 mm.The charge was composed of 280,534 balls (excluding broken balls) with a total mass of 305,180 kg. It was found that 4.0 % of the balls were broken; the size distribution of the charge was also markedly different from the desired one, in particular for the small-sized balls. For instance, 9% of the balls were expected to measure 2.54 to 3.18 cm in diameter, but none was found. On the other hand, the amount of top size balls was 30% higher than expected. The radial hardness of balls, which was determined by cutting the balls in halves, showed that the hardness sharply drops when the balls become smaller than 65 mm. The unexpected ball size distribution was attributed to the rapid change in the balls radial hardness. Based on the measured ball size distribution, a new ball make-up charge which uses 80% of 80 mm and 20% of 60 mm balls instead of 100% of 80 mm was proposed and implemented. The effect of the new ball make-up procedure in terms of ball consumption and grinding efficiency is being investigated."

Jan 1, 1999

By M. Turek

Cost management in the conditions of increasing competition and unforeseen market turbulence constitutes one of the key areas of the enterprise?s activity. In the last two years the demand for hard coal on the domestic and global market of non-renewable resources has increased significantly. Polish hard coal mining industry, as an industry in the stage of decline, received a chance for rejuvenation. However, one of the most significant conditions of seizing this opportunity is the rationalization of mining costs and improvement of production effectiveness. Due to the significance of this issue, the main objective of the paper is to identify the possibilities of improving the production effectiveness in the hard coal mining industry. In order to meet such an objective, in the first part of the paper we measured effectiveness in the Polish hard coal mines in years 2006- 2011. The research encompassed three out of five mining enterprises operating in the country. Then based on the received results, guidelines concerning the improvement of effectiveness of production were created, taking into consideration infrastructural, technical, economic and organizational determinants. Furthermore, opportunities and threats for improving the production effectiveness, stemming from the external conditions have also been indicated.

Aug 1, 2013

By Manish Kumar Jain

The mineral industry in India is an important contributor to the country?s GDP and foreign trade, and also a significant source of employment generation. The industry is distributed almost all across the country and has operations in some of the remotest areas, where it has also served as a sole source of infrastructure development. India produces 89 minerals, out of which four are fuel minerals, 11 metallic, 52 non-metallic and 22 minor minerals. The mining leases are occupying about 0.21% of the total land mass of the country. Indian mining industry is characterized by a large number of small operational mines (approx 3000 mines). Appropriate systems have been put in place to ensure sustainable growth of the sector, which include formulation of procedures for scientific prospecting and mining and development of a mechanism of prior environmental and forest clearances for mining projects. Main emphasis is to protect the health and safety of mine workers, as well as to safeguard the interests of indigenous people through rehabilitation and resettlement packages. Efforts are under way to mainstream the artisanal and small-scale mining sector in order to promote equity in the mining industry. The issue of scientific closure and reclamation of the abandoned mine sites poses a major challenge. Present paper illustrated several initiatives have been taken in this direction along with case studies, which could be replicated in other parts of the country.

Aug 1, 2013

By C. G. McLachlan

Abstract This paper deals with the application of the cyanide process to recover gold from a pyrite concentrate produced by means of differential flotation. This concentrate before cyanidation contains from 0.09 oz. to 0.14 oz. gold per ton, of which only about 60 per cent is recoverable. The rest is so fine that it remains interlocked in the pyrite and therefore is not acted on by the cyanide. The concentrate also contains about 15 per cent pyrrhotite and 0.4 per cent chalcopyrite, both of which are cyanicides. The cyanicidal effect of the pyrrhotite is inhibited by preacracing the pulp with lime, and maintaining a high lime alkalinity during cyanidation. The effect of the chalcopyrice is reduced as far as possible by removing those particles which are free by means of a further flotation step immediately prior to cyanidation. This involves the flotation of some very fine material. After nullifying as far as possible these two cyanicides, the concentrate is cyanided directly, i.e., without being roasted. This leaves the pyrite available for subsequent sale as a source of sulphur dioxide and sulphuric acid, and the entire residue of the cyamde plant, amounting to about 500 tons per day, 1s now being disposed of in this way. Prior to deciding on direct cyanidation, a number of laboratory roasting tests were made. These showed chat, 1f proper control were exercised, a better recovery of gold could be effected from the roasted product than by the direct method of treatment. The tests also showed that the capital cost o the plant would be much higher than that needed for the procedure adopted. The possibility of subsequently selling the pyrite for its sulphur content would also have been eliminated. Introduction A previous paper has described in considerable detail the application of the flotation process to improve gold recovery from Noranda's milling ore, and in so doing has covered the production of an auriferous pyrite concentrate. The present paper deals with the recovery of gold by cyanidation from that concentrate. This gold, though intimately associated with the pyrite, can, for metallurgical purposes, be considered as all occuring in the native state.

Jan 1, 1946

By B. Dubé, R. Friedman, J. Oliver, R. Aubertin, M. Burson, G. Panneton, M. Hamilton, J. Ayer

"The Detour Lake gold deposit is located within the northwestern limit of the Archean Abitibi Subprovince of the Superior Province. Mineralized zones are hosted by a sequence of pillowed and massive flows, hyaloclastite units, and altered ultramafic rocks, and are commonly oriented parallel to a series of high-strain zones that are co-planar to the regional-scale Sunday Lake Deformation Zone. Early in its kinematic history, the Sunday Lake Deformation Zone placed older (2.72 Ga) volcanic rocks of the Detour Lake Formation over younger (2.70 Ga) sedimentary rocks of the Caopatina assemblage. Gold mineralization is also parallel to the position of a laterally persistent siliceous rock unit, the 2.725 Ga ‘Chert Marker Horizon.’ The Chert Marker Horizon coincides with the boundary between the mafic-dominated upper Detour Lake Formation and the ultramafic-dominated lower Detour Lake Formation. Stratigraphic and geochronological data suggest that the Chert Marker Horizon is a deformed felsic volcaniclastic unit. At a cut-off of 0.6 g/t Au, the Detour Lake deposit contains 17.26 million ounces of Au within 445.9 million tonnes of rock grading 1.20 g/t Au. Gold occurs in shear-hosted and extensional vein arrays within rocks of the upper and lower Detour Lake Formation and within the Chert Marker Horizon. The Detour Lake deposit has many of the characteristics of a greenstone-hosted, quartz-carbonate vein deposit; its very large size may be attributed to large-scale rheological controls resulting in the formation of dilatant sites in permissive rock units."

Jan 1, 2012

By W. C. Risley

IN the year 1933, workings at the No. 12 colliery, New Waterford, of the Dominion Coal Company, Limited, had advanced to a point where additional ventilation would soon be required. Furthermore, development of the mine was being .made to practically double the output of coal. Consequently, authorization was given to sink a shaft to the workings. The location selected is on the west side of the mine, about one and a half miles from the slope mouth and on the Low Point shore, some 250 feet from high-water mark. The cliff at this point is 40 feet high, with the land rising on a slope of about 5 per cent to the shaft. Figure 1 shows the location with reference to the colliery workings. The strata through which the shaft was to be sunk were pretty well known from diamond-drill borings previously made, and it was believed that water would be encountered to a depth of at least 250 feet to 300 feet. It was planned, therefore, to seal-off the water by the pumping of cement grout under high pressure. This method was considered to be the most economical means of handling the water during sinking, and would also result in a permanently dry shaft. Figure 2 shows a cross-section of the strata. The permanent shaft hoist and fan were to be electrically driven, which would necessitate the construction of a transmission line between the colliery and the shaft; therefore, it was arranged that the sinking equipment would have electric drive. As all equipment, materials used in construction, and supplies were to be hauled by truck, a roadway 1,800 feet long was required from the main highway to the site, and as heavy loads would be hauled during the fall, winter, and succeeding spring, this road was ballasted with 18 inches of clinkered material obtained from a burned culm bank one and a half miles distant. Actual field work was begun by the Company's own forces early in October. Work preparatory to sinking-in addition to the roadway and trans-mission line-included the construction of the reinforced-concrete shaft collar and fan drift connection; the permanent timber headframe (which was to be used also as the sinking headframe); the permanent reinforced-concrete building to house the shaft hoist and fan drive; and the erection of temporary buildings and installation of all equipment for sinking and lining the shaft and for cementation.

Jan 1, 1936

By B. H. Kim

It is hypothesized that the standard approach adopted to characterize the ground and to determine the rock strength properties at depth are flawed and generally tend to underestimate the rock strength and possibly the stiffness, particularly when the rock mass is characterized as massive to moderately jointed or blocky to very blocky. It is therefore necessary to conclusively established that the hypothesis, that the rock strength in highly confined rocks is greater than generally anticipated, is actually valid and generally applicable, and then to develop new procedures to establish rock parameters that can be reliably used for the design of deep excavation.

May 1, 2009

By Norman O. Lotter, Dominic Fragomeni, Jorge Oliveira, Dee J. Bradshaw, Rebecca Monnapula

"The role of mixed collectors in enhancing the metallurgical performance of sulphide flotation processes was reviewed in 2008, and later published as an integrated theory by Lotter and Bradshaw, 2009. The theory proposed that xanthates, dithiophosphates and dithiocarbamates could be synergistically combined in an optimal formula to deliver improved grade and recovery. The approach uses a five-step structure, viz.1. A mineralogical study of the ore to be treated, identifying and quantifying the economic minerals (with hosting and association) and gangue species present.2. Selection of candidate collectors from this mineralogical information and from the known pulp conditions of that operation (e.g. Eh, pH).3. Design and execution of a factorial experiment to estimate and test the main effects and interactions, and to model the response surface for an optimum formulation [Box et al., 1978].4. Use of a High-Confidence Flotation Test platform in the factorial to reduce overall errors and allow for clearer observations [Lotter, 1995; Lotter and Fragomeni, 2010].5. Statistical design of a plant scale trial to measure and validate the gains [Napier-Munn, 1995; Lotter et al., 2009]. Eland Platinum, which was commissioned in November 2007, appointed a team to apply this theory to formulate an optimized mixed collector suite for use in the operation. The West Pit ore (UG2 - Normal ore) was sampled at site and brought to Xstrata Process Support, Sudbury, Canada, for mineralogical and metallurgical testing in 2008. Microprobe and QEMSCAN measurement characterized the type, grain size and textural association of the discrete Platinum Group Minerals (PGM) present. From the mineralogical data, it was clear that a mixture of dithiocarbamate and two xanthates would be a likely reagent suite selection. A factorially designed set of High-Confidence Flotation Tests studying these was performed, concluding that an optimal suite using certain amounts of these collectors was a viable formulation that would advance the grade and recovery performance at Eland above the standard PIBX by approximately 2.13% 4E PGE. The plant trial, which used a form of the replicated block design after Napier-Munn, 1995, and Lotter et al., 2009, exceeded this estimate with an overall PGE recovery gain of 2.48% (absolute basis) and a concentrate grade gain of 26.4 g/t PGE (absolute basis), as well as reducing chrome in concentrate from 2.04 to 1.62% (absolute basis). These gains proved to be statistically significant using the analysis of variance method, and have validated the theory."

Jan 1, 2011

By Frank W. Cole, Sharanjit S. Dhillonn

A new method has been developed for calculating flowing bottom hole pressure in a gas well, using as a basis the general energy equation. Fundamentally, the method shows that a plot of flowing pressure versus depth for a gas well can be represented as a series of incremental .straight lines, with the accuracy in-creasing as the number of increments increase. It is shown mathematically that for most cases the slope of the flowing pressure versus depth curve is essentially constant, in which case a single calculation based on surface conditions will yield acceptable results. In all cases studied no more than two iterations were required for very good accuracy, and in most cases only one iteration was necessary. Several example calculations are shown and the results are compared to other commonly used methods of calculating bottom hole pressures These examples show that the method provides answers which are at least as accurate as other methods usually used, and results in a considerable reduction in computation time.

Jan 1, 1960

By Sabry A. Sabour

Metal price is among the key variables in the open pit optimization and the economic evaluation process. The common approach to handle metal prices in open pit mine planning is to optimize the ultimate pit and the mining schedules using a fixed, flat metal price. In this respect, metal price is assumed to be known with certainty throughout the entire mine life, which in some cases can reach 80 years. Given the volatile nature of metal markets and the metal price cycles, the conventional pit optimization approach may generate sub-optimized mining plans, which results in either extra costs to mining projects or lost revenues, or both. Long-term operational decisions such as future pit expansions, beyond the currently optimized limits, cannot be handled using the pit optimization approach based on flat metal prices. There is a growing interest in the mining industry to model and manage such market uncertainty in the pit optimization as well as the project evaluations in order to maximize the value of mining operations. In this paper, the author will outline a practical approach to optimize the ultimate pit taking into account the volatility and variability of metal markets. The proposed approach uses a combination of the pit optimizer of the commercial MineSight package and a simulation-based economic modeling real options valuation approach employing the least-squares Monte Carlo algorithm. MineSight pit optimizer employs both the floating cone for initial optimization exercise and the standard Lerchs-Grossmann algorithm. In this paper, Lerchs-Grossmann option will be used to generate the pit shells. Real options valuation approach used in this study is based on generating multiple metal price scenarios. Metal price uncertainty is modeled using stochastic metal price models such as the geometric Brownian motion and the mean-reverting process. The mining operational scenarios corresponding to the simulated metal prices are then optimized using the least-square Monte Carlo approach. The objective is to maximize the discounted cash flow value of the project while incorporating the operating flexibility to revise the operating status of the open pit with time as new information becomes available. The focus of this work is on the practicality of the proposed uncertainty-based pit optimization approach and the difference it can make to the technical operational mining decisions. A case study of a hypothetical open pit poly-metallic mine is provided. The deposit contains copper, gold and silver grades. The run of mine ore is sent to the process plant that produces copper concentrate with copper as the main metal and gold and silver as the by-products. Four uncertain variables are considered here include copper, gold, silver prices and foreign exchange rate. Both copper price and exchange rate are modeled using the mean-reverting process while gold and silver prices are modeled using the geometric Brownian motion. The case study is performed using both the conventional flat price pit optimization approach and the proposed uncertainty-based one to compare results.

Aug 1, 2013

By T. A. Utigard, S. Pedler

Ilmenite from the Everett deposit in Quebec was characterized both chemically and mineralogically. The sample investigated contained the following main components: 40% Fe2O3, 21% TiO2 and 21% SiO2. The ilmenite grains contained about 20 to 25% hematite intergrown blades, with widths ranging from 2 to 30 \u03bcm. Crushing the sample to less than 0.85 mm led to significant liberation of the ilmenite from the gangue minerals. Gravity separation followed by magnetic separation of this size fraction led to a TiO2 concentrate grading of about 30% TiO2, with a recovery of 94%.

Jan 1, 2010