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By B. Gilbertson

This paper presents a method that enables one to estimate the risk-adjusted discount rate. that should be used In project discounted cash-flow analysis. The risk-adjustment process is carried out via the capital asset pricing model of modern finance theory, in which the appropriate measure of risk is the beta coefficient of the project concerned. The resulting discount rate thus depends on the properties of the project Itself, and not on the nature or cost of the capital of the firm considering the investment.

Jan 1, 1980

The most important event in the Institute's recent history is the strategic plan, which was drawn up in 1986 during Henry James's term of office. This plan was formulated at a workshop attended by most of the senior members of Council, and from it has flowed a number of changes that have been introduced over the past four years.

Jan 1, 1990

1. Book review The geology of some northern Nigerian anorogenic ring complexes, by J.N. Bennet, D.C. Turner, E.C. Ike, and P. Bowden. The British Geological Survey: Overseas Geology and Mineral Resources, no. 61. London, HMSO, 1984. 66 pp. Reviewer: R.H. Ingram 2. Mintek reports Report M226 The separation of tungsten and molybdenum by the formation of sulphide complexes and extraction into a weak-base resin. Report M228 The solvent extraction of zinc, iron, and indium from chloride solutions by neutral organophosphorus compounds. Report M230 Shear flocculation of fines for improved flotation. Report M239 A mineralogical study of residue from the column leaching of a low-grade nickel-copper sulphide ore.3. Recent publication Driger Review, special edition, act. 1985. 48 pp. (Copies obtainable from Roly Nyman, HAMPO PMIE Division, P.O. Box 170, Joham1esburg 2000.) Black Mountain's achievement The 13 689 t consignment of metal concentrate that was loaded aboard the bulk carrier 'George' and shipped out of Saldanha Bay early in December brought the number of tons exported from Black Mountain via the Sishen-Saldanha railway and harbour system to one million.

Jan 1, 1986

Die Suid-Afrikaanse Instituut vir Mynbou en Metallurgie het 'n paar jaar gelede 'n toekenning vir voortreflike akademiese prestasie deur vierdejaarstudente aan technikons ingestel. Disinvestment campaign by COLIN M.SPENCE As President of the Federation of Societies of Professional Engineers, which is an organization representing twelve institutions of the engineering profession comprising over 18 000 engineers of all kinds-of whom over 15 000 are either professional engineers or engineering graduates-I have been asked to make a statement on the disinvestment campaign on behalf of the profession.

Jan 1, 1985

By P. J. van der Walt, P. J. F. Fourie, L. M. Falcon

Various methods for the beneficiation of minus 0,5 mm coal are examined briefly, and tests are described on a cyclone of 150 mm diameter operating with magnetite as the medium. It was found that, for sharp separations, at least 50 per cent of the magnetite should be finer than 1Oµm. At that size, the ash content of the product was about 7 per cent at yields of 59 to 64 per cent, and the loss of medium was reasonable (about I kg per ton of fines treated).

Jan 1, 1980

By D. L. Morrison

The School on the Accounting for Gold, which was organized under the auspices of The South African Institute of Mining and Metallurgy by Dr Hugh E. Bartlet, Consulting Metallurgist of Johannesburg Consolidated Investment Company Limited, was held at the South African Nature Conservation Centre at Delta Park, Johannesburg, on 15th to 17th May, 1989. It was attended by 178 delegates, including 2 from the OK and 4 from Zimbabwe. A total of 19 papers were presented covering the components of gold-accounting procedure, sampling techniques, and new sampling technology.

Jan 1, 1989

By Oaitse Medupe

The feed to the BCL concentrator is made of the ore from Phikwe No3 shaft, Selebi shaft and Selebi North shaft. The receiving bin of the concentrator has daily throughput of 7869mt live capacity of ore with feed grade from underground operation of 0.70%Ni, 0.75% Cu and 0.05% Co. The valuable minerals in the ore are Pentlandite, Chalcopyrite. Cobalt is present mainly in the solid solution in pentlandite. The common non-sulphides minerals are Amphibolites, quartz, micas, and Feldspar while pyrite and pyrrhotite are the major gangue sulphides. Pyrrhotite contains between 0.1% and 1% Ni in solid solution. From the mineralogical investigation, it was found that approximately 65% of the pentlandite in the ore occurs as exsolutions in the pyrrhotite and the grain sizes ranges from 8 to 38µm. about 25% of the nickel bearing pentlandite is medium grained and subhedral. This kind of pentlandite occurs along the cracks of pyrrhotite or as inclusions in pyrrhotite. The rest of pentlandite present is disseminated in the gangue matrix. Because of the fine occurrence of pentlandite, fine grinding was conducted in order to improve the recovery as well as the concentrate quality. A series of subsequent flotation test were performed in order to evaluate grinds of 35, 40, 45, 50, 60 and 80% passing 75µm. It was observed that ? The mass pull increased together with increasing fineness of grind ? Similar nickel recoveries were obtained at 35 and 40% passing 75µm but from 50% and 60% the grind was seen to adversely affect the nickel recovery. At 80% passing 75µm the recovery increased by small amount. ? Flotation kinetics showed higher initial nickel recoveries but these did not translate into higher final recoveries. ? Grinding finer than 80% passing 75µm yield very high grades of the concentrate in the first minute of the flotation test, and the grade is dramatically reduced in the fifth minute of the test. It was concluded that the current grind of approximately 48% passing 75µm is close to the optimum and no significant benefit were found to be associated with finer primary grinds. The inconsistence of the grade and recovery as well as the pentlandite losses will be discussed. Keywords: Pentlandite, Nickel losses, Grain size, Flotation

Jan 1, 2007

By W. O. Ortlepp

This note considers the most fundamental concepts of support design for deep underground openings and discusses them briefly in the context of tabular stoping and deep hard-rock tunnelling. It concludes that the conventional re-bar, mesh, and lacing methods that have been widely used in deep gold mines are quite inappropriate for the support of highly stressed tunnels. The following is suggested as the criterion for adequate dynamic support: the energy absorbed by a support unit (yielding through some acceptable limited displacement) should exceed the kinetic energy generated by the mass of rock that is intended to be retained by that unit.

Jan 1, 1995

By L. Dison

This technical note is issued in two parts, as follows: Part I, after a brief introduction, discusses the value of patents and the law of patents, including patent applications and the exploitation of inventions. This is followed by some comments for the benefit of would-be inventors and potential users of patents. Part II, which will appear in the February issue of this Journal, focuses on the mining industry and then discusses views on patents that were Quoted in Part I. The last section makes recommendations as to how II1ventors and users (including mining authorities) should handle patents.

Jan 1, 1992

By L. Dison

This technical note is issued in two parts as follows. Part I, which appeared in the January issue of this Journal, after a brief introduction, discusses the value of patents and the law of patents, including patent applications and the exploitation of inventions. This is followed by some comments for the benefit of would-be inventors and potential users of patents. Part I focuses on the mining industry and then discusses views on patents that were quoted in Part I. The last section makes recommendations as to how inventors and users (including mining authorities) should handle patents.

Jan 1, 1992

A colloquium on 'Recent Developments in Wearresistant Materials', organized by the Technical Programme Committee: Physical Metallurgy of the SAIMM, was held at Mintek on 7th May, 1985. After delegates had been welcomed by Dr P.T. Wedepohl, Chairman of the Organizing Committee, Mr J.D. Austin, President of the SAIMM, delivered the opening address. Corrigenda to article on copper* I read with considerable interest the recent articles on copper by Mr C.O. Beale as published in the Journal. However, in Part 11 the section dealing with Prieska Copper Mines (Pty) Limited contained several factual errors, details of which are given below.

Jan 1, 1985

By G. W. Donaldson

Theoretical and engineering aspects of slimes-dam construction by G. W. DONALDSON, M.Sc. (Eng.)(U.C.T.), D.I.C. (Visitor) Tile paper reviews the recommendations made in 1959-60 as a result of research into slimes-dam construction and finds that these recommendations are still valid. The requirements for pollution control, vegetating, in situ leaching, and future development of slimes dams as building areas are considered as they affect the engineering aspects of slimes-dam construction, and it is found that these requirements can be met without any major changes to current recommended slimes-dam construction practice.

Jan 12, 1973

By A.M. Edwards

1. Book reviews Platinum in South Africa, compiled by A.M. Edwards and M.H. Silk. Randburg, Council for Mineral Technology (Private Bag X3015, Randburg, 2125 South Africa), 1987. 55 pp. U$30. Reviewer: R.D. Wintle Scientific and technological developments in extractive metalurgy-G.K. Wiliams Memorial Volume. Parkvile (Australia), The Australasian Institute of Mining and Metalurgy, 1986. $A12 (incl. surface postage). Reviewer: T.Y. OweD Ion exchange and sorption processes in hydrometa/urgy, edited by M. Streat and D. Naden. Chichester, John Wiley & Sons, 1987. 229 pp. Reviewer: B.R. Green Role of Government in mineral resources development, edited by Michael J. J ones. London, The Institution of Mining and Metalurgy, 1985. 180 pp. £40. Reviewer: K.E. Ducat 2. Recent publications Annual report 1987. International Tin Research Institute, Kingston Lane, Oxbridge, Middlesex UB8 3PJ, England, 1988.Tin and its uses no. 156. Address as above. 3. Mintek reports Application Report no. 5 The production of and alusite and other refractory minerals. 1988. 16 pp. . Application Report no. 6 The development up to commercial application of a process for the recovery of lead, copper, zinc, and silver from the Black Mountain deposit. 1988. 14 pp.

Jan 1, 1988

By P. M. Vercruijsse

Dredging is an industry in constant transformation. It has changed tremendously in the last decades. The traditional dredging activity, like construction and maintaining ports and harbours, desilting of drainage and irrigation channels, keeping reservoirs at depths and removing sediments from waterways, is still of importance. However, it is surpassed by other applications of dredging technology. Reclamation is an important example, where large amounts of sand are dredged, transported over large distances and used to make new land for industrial, housing, airport and other infrastructural purposes. Beach nourishment and other protective measurements should be mentioned here as well. Other applications like offshore winning of oil and gas, environmental clean-up, mining of interesting minerals like gold, diamonds, titanium and tin as well as aggregates from inland and offshore deposits are of importance. For all of these dredging applications equipment is required, and with changing circumstances and constraints, the design and use altered significantly. Larger dredging depths and increasing capacities require an impressive scale-up of equipment and tools. A demand for higher accuracy and selectivity set the requirement for a higher level of automation and control in combination with a well trained crew. Operations under more difficult circumstances and with other soil characteristics necessitated the development of new dredging components and systems. A sound basis for all developments was and still is a better understanding of the various dredging processes. This paper will highlight some eye-catching developments in the dredging industry. It will focus on issues in the field of hydraulic transport such as ever increasing capacity and dredging depth, as well as the pumping of large size materials.

Jan 1, 2007

The wage structure of graduate White men in 1979, by Adri Kruger, Pretoria, Human Sciences Research Council, 1979.76 pp. R5,00. (Reviewer: D. G. Malan) Financial Times mining international yearbook, edited by WilIiam G. Nightingale. London, Longman, 1980. 750 pp. £24 by surface, £34 by air. (Reviewer: J. D. Austin) Techniques in mineral exploration, by J. H. Reedman. Barking (U.K.), Applied Science Publishers, 1979. 533 pp. $90. (Reviewer: D. L. Kyle) Practical geostatistics, by Isobel Clark. Barking (U.K.), Applied Science Publishers, 1979. 129 pp. £13,75. (Reviewer: D. G. Krige) Uranium: The balance of supply and demand 1978- 1990, by the Uranium Institute. London, Mining Journal Books, 1979. 61 pp. £8,50 by surface,,£9,25 by airmail. (Reviewer: D. J. Crowe) Wear and abrasion in industry The South African Institute of Mining and Metallurgy and the Institution of Metallurgists (South African Branch) is to hold a colloquium on the topic of wear and abrasion of metals in February 1981. Steel rolling The International Conference on Steel Rolling sponsored by The Iron and Steel Institute of Japan will be held in Tokyo, Japan, from 29th September to 4th October, 1980.

Jan 1, 1980

By J. M. Barnard, M. P. Brandt, L. E. Korwin-Kossakowski, W. H. Smith

Petrographic analyses of coal rank and maceral-group composition are widely used in the characterization of coal. This paper describes the use of an image analyser (IBAS Kontron) for fuly automated measurements of the rank and maceral groups of seam coals. The rank is then derived from reflectance histograms, or 'fingerprints', of coal reflectance distributions (being expressed as the mean random reflectance of vitrinite). The volume proportions of the maceral groups are calculated from the histograms. The results obtained with the IBAS were generally in agreement with those obtained by conventional methods of reflectance measurement and point-count analysis. However, the results were inconsistent for coals with a bimodal character or a wide V-class distribution. The rank of the analysed coals ranged from 0,50 to 1,10 per cent mean random reflectance. The lowest reflectance that can be analysed with the IBAS is 0,4 per cent. The speed, objectiveness, and repeatability of this technique make it exceptionally suitable for use in the quality control of large numbers of samples.

Jan 1, 1990

By Z. Zitron, G. J. de Korte, D. W. Horsfall

This paper summarizes work carried out on the treatment of fine coal, nominally classified as minus 0,5 mm (wedge-wire screen), which is removed from the raw coal prior to the treatment of the plus 0,5 mm sizes. The minus 0,5 mm coal divides, for treatment purposes, into fines, nominally between 500 and 150 !tm, and ultrafines, nominally minus 150 !tm. Studies on processes for the treatment of minus 0,5 mm coal are discussed, and the lower size limit beneficiated is indicated for each process. The installation and operational results from a pilot froth-flotation plant treating minus 150!tm coal are described.

Jan 1, 1986

By J. J. Schoeman

In South Africa and in the rest of the world, the two mica minerals that have the most important commercial value are muscovite and vermiculite. Muscovite has been making a comparatively small but steady contribution to South Africa's mineral exports since about 1960. Vermiculite mining and concentration were started by the late Or Hans Merensky at Phalaborwa during 1946. Vermiculite has enjoyed good overseas sales since then, and during the past four years has become an important earner of foreign currency for South Africa. The various aspects of the micas that could be of general interest are briefly reviewed, such as the history of their exploitation, their mineralogy and chemistry, and their mining, concentration, production, sales, and future

Jan 1, 1989

By C. Van Rhee

In dredging practice sand is eroded at very high flow velocities using water jets. The existing pick-up functions overestimate erosion. By taking the permeability into account conventional pick-up functions can be made suitable for high velocity erosion. This can be achieved by modifying the critical Shields parameter. The procedure is demonstrated using the pick-up function of Van Rijn. The theory is compared with experiments and agreement is good.

Jan 1, 2007

By Z. T. Bieniawski

Estimating the strength of rock materials by Z. T. BIENIAWSKI, Pr.Eng., D.Sc.(Eng.) (Visitor) A practical approach for estimating the strength behaviour of rock materials is presented. The demand for data on rock properties in engineering design is considered, and it is shown that, based on the trends observed in the South African mining industry during the last twenty years, simple and easy-touse methods for the estimation of the uniaxial and triaxial strength of rock materials are needed. It is shown that the uniaxial compressive strength of rock can be conveniently determined from the pointload strength index, which is obtained underground on unprepared rock cores. The triaxial strength of rock can be estimated for most practical purposes from empirical strength criteria. Two such criteria are proposed that allow estimation of the triaxial strength for rock materials to about 10 per cent. The only input required for these criteria is the uniaxial compressive strength. The validity of the practical approach outlined in this paper is confirmed from the experimental tests conducted on some 700 rock specimens representing five rock types. A practical example for the prediction of rock strength is given.

Jan 3, 1974