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By Azadeh Riahi

The main goal of this paper is to investigate the effects of permeability anisotropy in Large Open Pit (LOP) mines for problems that exhibit homogeneous anisotropic characteristics. The most important effect of the groundwater flow in open pit mines is on the stability of the pit slopes. This study will investigate the effects of having increased permeability in both horizontal and vertical directions on three aspects of LOP behavior, location of phreatic surface, pore pressure distribution and stability of slopes. The hydromechanical coupling is simulated using a one-way coupling approach. The Shear Strength Reduction method (SSR) is applied to assess the stability of slopes. The studies performed in this paper suggest that anisotropy in permeability leads to a significantly different regime of pore pressure dissipation depending on two aspects, ratio of anisotropy and the relative magnitude of permeability to simulated time. As a result, variation in safety factors and the location and depth of the failure surface must be expected.

Jun 1, 2012

By Ferrin Prince

New Gold?s New Afton mine is an 11,000 tonne per day block caving mine, located 8 km west of the city of Kamloops, British Columbia. The reserve is estimated at 52.5Mt with grades of 0.65 g/t Au and 0.93% Cu. Block caving requires a considerable amount of infrastructure development before production can begin. Each excavation had its own challenges, often further complicated by interactions with the caving stresses and fault structures. The main areas of interest were: the production crusher complex, the surface to underground infrastructure, and the footprint interaction with the faults. The ore zone at New Afton is bounded by two very weak fault zones, with large fault affected areas and associated splays. The resulting rock mass rating (RMR) is 35-50, with some areas significantly weaker due to clay infill. These conditions created a unique and decidedly difficult environment in which to develop New Afton?s infrastructure. Despite these difficulties, the mine began production on schedule in July 2012. The main production crusher for the mine is a gyratory crusher that allows for direct truck dumping, with a smaller jaw crusher in series to facilitate the initial development and production. The crusher chamber was redesigned several times to minimize the chamber volume, resulting in a 40% decrease in volume without losing functionality. After drilling and geotechnical testing, the location of the crusher was changed to eliminate the threat of fault affected ground in the area; the entire complex moved a short time before mining began on the chamber. The mining techniques used enabled tight control of the crusher pocket excavation, while also allowing for the timely completion of the chamber. The locations of the surface to underground infrastructure were tightly constrained by geology, surface infrastructure, and an existing open pit. The VR5 raise was drilled and abandoned part way through the reaming process when the drill string became stuck in fault gouge material. It was relocated and successfully completed. The VR7 raise hit a region of poor rock strength and deviated more than 11 m. Poor ground conditions caused a 130m section of the raise walls to fail. An innovative rehabilitation program was undertaken to re-establish the raise for ventilation. A surface to underground slick line was also installed to ease the material movement underground. A layout of the Extraction level was changed from herring bone to straight through drawpoints that resulted in a net reduction of 1.3 km of development. The Apex level was added to aid in the breakage over the major apex pillar and allow for geological mapping. A portion of the caving footprint is located within the footwall fault. The low strength, high clay content, and small joint spacing of the material resulted in blast-hole cut-off and drift deformation. Drift rehabilitation was a key factor in the successful development of the cave footprint. Innovative drilling and loading techniques were used to keep the holes open and to impede movement along the joint structures.

Aug 1, 2013

By G. M. Behrend

"The mining and processing of mineral ores is a very old industry which is steeped in tradition. Rising demand for metals has recently forced the exploitation of lower-grade orebodies which require extensive beneficiation. The high capital expenditures involved, together with market pressures for high-quality concentrates and pellets, have forced the development of new process technologies which are heavily dependent on automatic process control. Development of suitable instrumentation has been rapid and it is being applied to mining processes today with a high degree of sophistication. The drive for higher efficiency and profitability goes on and has reached a level at which modern digital computers appear to be the only answer. However, the efficient application of a digital process computer is extremely complicated and is therefore approached by the mining industry with considerable hesitation.Some of the benefits promised by the digital computer can be obtained today by other means, which are more manageable and can provide immediate payoff. The result would be a building-block system which would utilize the digital process computer as its final component, to perform true plant optimization, free from routine chores."

Jan 1, 1971

By E. G. Joe

"This paper summarizes the main conclusions derived from twenty-two technical presentations made at the 1973 meeting of the Canadian Mineral Processors. Results of two surveys with response from over seventy mines were reported on Canadian milling practice for water re-use and on elimination of cyanide from mill effluents. Water and solution recycle in Canadian mills were detailed for copper, copper-zinc, lead-zinc-copper, nickel-copper, iron and gold mines. Cyanide elimination from mill effluents was reported under current practice and under requirements for further treatment by various other processes. Three recent process equipment entries into Canadian mills have been the on-stream particle analyzer, the new gravity concentration tables for recovery of fine tin and other heavy minerals, and solution-jet slurry equipment for reclaiming ground ore from storage. The principles of operation of this equipment were described along with the practical limitations that were found in their application to mineral processing. Capital costs and milling cost reductions were shown in some operations. Computer control of flotation mill processing was a major item on the program. Four major mining companies outlined their mill process control strategy, computer programs and on-stream analysis equipment. Some capital costs and personnel changes were presented, together with gains in concentrate grade and mill recovery. Recent development work has shown the effect of the type of grinding and of aeration on the recovery of sulphide minerals in flotation. One mining company reported a significant depressing effect on copper sulphide flotation while floating ore ground with mild-steel balls; also, pyrite appeared to be activated in the subsequent zinc flotation step. One company with extensive experience in the application of aeration to copper sulphide flotation showed significant improvement to copper recovery by pre-aeration. Both the effects of grinding and aeration were subject to the constraints of the chemical condition of the ore pulp. The metallurgy of silver recovery by combination grinding - gravity treatment and of gold recovery from a complex gold-sulphide ore were reviewed in two papers on precious metals. The latter paper further described the recovery of gold from the Cottrell collectors and the final disposal of arsenic from the dust collectors."

Jan 1, 1973

By M. S. Badollet

Introduction Very little fundamental research has been done on asbestos fibre to cake maximum advantage of its properties and to determine in what commercial products it can best be utilized. For the research chemist who is associated with asbestos development work, a thorough study of mineralogical information on asbestos deposits would furnish reliable information on the rock formations and the mineral impurities closely associated with the asbestos. Furthermore, ?he must have an intimate knowledge of the uses of the fibre in various products so that he can visualize the importance of the fibre and the role it plays in industry. Some of the properties of asbestos fibres such as strength, composition, length, harshness or softness, and mineral associates are of considerable importance to the manufacturer because they are responsible for many production difficulties. Fibre Strength It has been known for some time chat asbestos filaments have considerable tensile strength. These strengths have been referred to merely as 'weak' to 'very strong'. Not until recently have numerical values been applied to the strengths of asbestos fibres. But today we can take a thin fibre filament and mount it between two holders and apply a gradually increasing load or pull until the fibre breaks. By measuring the cross sectional area of the filament and the amount of load applied, we can calculate the tensile strength of the fibre in terms of pounds per square inch. This type of test is slow and rather difficult, but the fundamental data obtained furnish important basic information that can be applied to mechanical processing equipment and to certain asbestos products.

Jan 1, 1948

By R. H. McCorkell

"Sample drops were evaporated on Lexan disks on which fission tracks were etched and counted after neutron irradiation. [U] = 0.01 ppb could be measured. This method is rapid, cheap, simple and accurate when sufficient control and checking is possible, but several types of error were encountered in its use, the natures and sources of which were investigated but not always determined. The most troublesome were ""annealing"" processes which sometimes altered the fission tracks so that they were not fully revealed, or acquired varying appearances, after etching. Several different annealing processes seemed to exist and seemed to be produced by alteration of the Lexan surface by dissolved components in the solutions and, perhaps, by radiation and local heating during neutron irradiation. The appearances of the etched tracks varied with the natures of the droplet solutions even when annealing appeared to be absent, and for this reason, standards are best prepared by additions of known amounts of U to sample solutions. Contamination of sample droplets by U-containing dust from the air is best avoided by preparing the disks away from areas where other U-analysis is being carried out.IntroductionFission tracks are regions of radiation dam age produced in solids by the fission of atoms such as 235U. They can be enlarged to sizes visible through optical microscopes by etching surfaces through which they pass with solvents in which the solids are slightly soluble. A sample to be analyzed for U may be placed against a film of a solid of negligible uranium concentration (the track detector) and irradiated with thermal neutrons in a nuclear reactor to fission 235U. The track detector is then etched and the number of tracks per unit area, ?, which is proportional to the uranium concentration of the sample, c, and the neutron do se, n, is found by counting through a microscope. Uranium in solutions ha s been measured by evaporating drops on track detectors, irradiating, etching and determining the number of tracks per drop, T(2,3,4,5). Extensive test s of this method are reported here."

Jan 1, 1983

By W. R. Bacon

"MAGNETITE HAS BEEN found in many .parts of the coastal area of British Columbia, but the more important deposits are on Vancouver Island and Texada Island. The locations of these deposits are shown on Figure 1.Interest in the magnetite deposits dates back to the 1870s, when land was acquired on the southwest coast of Texada Island by the Puget Sound Iron Company. This ground included the Prescott, Paxton, and Lake deposits. During the years 1885 to 1903, and 1908, 28,898 tons of magnetite ore was shipped to the company's blast-furnace plant at Irondale, Washington, U.S.A. This production was almost entirely from the Prescott open-pits.In the years following the Texada Island discoveries, other magnetite deposits were found in the coastal area, and various plans were proposed to utilize the local ores in the establishment of a steel industry in the Pacific Northwest. None was carried to fruition but, in 1951, open-pit mining was begun at Iron Hill, Vancouver Island, to furnish iron concentrates for steel mills in Japan. In 1952 mining of the Texada deposits was resumed to supply the same market. Production figures for these recent operations are as follows:"

Jan 1, 1949

By P. C. McLeod

THE GECO OREBODY, located north of lake Superior in the Thunder Bay district of northern' Ontario, was discovered in 1953. Diamond drilling in the following year indicated a 15,000,000-ton ore-body, and production plans were made for the shipment of copper and zinc concentrates in three years. To accomplish this, the Geco Project was initiated. The property was in an undevdoped, inaccessible area, and the project involved the conversion and extension of a logging road to the property, the construction of two railways and seventy miles of hydro transmission line, the erection of a municipality, the building of a plant, and the development of an underground mine to produce 3,300 tons per day. This paper describes some of the methods used in the underground development phase of the Geco Project.

Jan 1, 1958

By A. K. Debnath

Mining being a site specific activity, land becomes the prime requirement for starting, successful execution and closure of any mining project. Many important mining projects are not progressing satisfactorily just because land is not easily available or environmental/social issues are not addressed properly. This is especially true in the case of open-pit mining, which requires large areas for mining, dumping of waste and additional land for other mine facilities. Mine closure & post mining land use exercises, though funded generously, may not achieve their objectives owing to uneven land profile after mineral extraction is over. One of the prominent solutions to these issues is application of steep angle conveyors in large open pit mines that will result in more space for internal waste dumping and enhanced slope stability of the dump. Additionally, such applications will result in economic extraction of mineral in deep open pits. Land reclamation exercise may start concurrently during early years of mine development as mineral evacuation is limited to a specific part of the mine. Surface mining facilities can also be advanced along with the pit by using modular/portable structures. The paper presented here attempts to address specific land related issues by developing suitable schemes and plans that can be practically implemented in open pit mines using advanced technology i.e. steep angle conveyors.

Aug 1, 2013

By D. W. Boydell

The response of reclaimed gold tailings to acid leaching was investigated in the laboratory, followed by a pilot-plant program in which the operations of CCD, CIX and SX were tested with plant feed material. These results formed the basis for the design of the extension to the existing uranium plant at Blyvooruitzicht Gold Mine, commissioned in July 1977. This circuit consists of slimes-dam reclamation by bucket-wheel excavator at a rate of 100,000 t solids per month, acid leaching in pachucas, a five-stage CCD washing section, two parallel C1X absorption columns and two elution columns, SX and an ADU precipitation section. Barren solution is recycled to the CCD section as wash and to the repulper at the slimes dam. The performance of the plant during the first year of operation is compared with the predictions on which the plant design was based. Rated capacity was achieved within three weeks of start-up at a nominal dissolved uranium recovery in the ion-exchange section of around 98%. Owing to recycle, the over-all recovery in the ion-exchange and solvent extraction sections is somewhat higher than this figure.

Jan 1, 1979

By George E. Cole

"It is a truism that the metals, and particularly the precious metals tend to monopolize the attention of those interested £n the mineral industry. This is a tendency to be mildly, but actively and continuously combatted if we are to have a well-rounded mineral development." There are in the province of Ontario a number of industries centred about the non-metallic minerals. Too little is heard of the part these play in our industrial life. It is with the intention of showing what the gypsum industry is doing in Ontario that this paper is written. The writer lays no claim to any originality in the discussion and merely offers some material in an endeavour to assist in bringing about that 'well-rounded mineral development' sought for Ontario. M. Y. Williams in his "The Silurian Geology and Faunas of Ontario Peninsula and Manitoulin and Adjacent Islands"1 in discussing the industries dependent on the Silurian rocks of south-western Ontario points out that "the splendidly ordered gypsum mine at Caledonia, formerly owned by the Alabastine Company of Paris, and now owned by the Ontario Gypsum Company, is a revelation to the average man, who disconnects mining entirely with this part of Ontario". This region is better known as one of the richest and most thickly settled agricultural areas in Canada.

Jan 1, 1925

"Adopted in 2003, theses guidelines are intended to assist the Qualified Person(s) in the planning, supervision, preparation and reporting of mineral resources and mineral reserve estimates. The report is divided into two broad sections “General Guidelines” appropriate for most metals and “Guidelines Specific to Particular Commodities” for potash, industrial minerals, uranium and coal. “These guidelines are reference in the Companion Policy of NI 43-101 with a statement that a qualified person classifying a mineral deposit as a mineral resource or mineral reserve should follow them.”Executive SummaryThe following is a summary, in table format, of the main elements of the Estimation Best Practice Committee's report ""Estimation of Mineral Resource and Mineral Reserve Best Practice Guidelines"". While the summary table is provided for convenience, the Committee recommends that the report be read in its entirety and the table summary not be used as a stand alone document. These guidelines are not intended to be either prescriptive or exhaustive. They do not preclude innovation. Preamble: These guidelines have been prepared by the Canadian Institute of Mining and Metallurgy and Petroleum (CIM) led Estimation Best Practices Committee. They are intended to assist the Qualified Person(s) (QP) in the planning, supervision, preparation and reporting of Mineral Resource and Mineral Reserve (MRMR) estimates. All MRMR estimation work from which public reporting will ensue must be designed and carried out under the direction of a QP in accordance with National Instrument 43-101 (NI 43-101) and related forms. A QP is defined in NI 43-101 as ""an individual who is an engineer or geoscientist with at least five (5) years of experience in mineral exploration, mine development, mine operation, project assessment or any combination of these; has experience relevant to the subject matter of the mineral project and technical report; and is a member in good standing of a professional association"". Disclosure of MRMR estimates is to be made in accordance with industry standard definitions approved by the CIM (the CIM Standards adopted by the CIM Council in August 2002) which have been incorporated by reference into NI 43-101."

Jan 1, 2003

By K Komori

Naoshima Smelter and Refinery has treated shredder residue and incinerator fly ash in Japan since 2003. As a highlight, a new incinerating and melting furnace, as well as fly ash washing treatment plant were newly constructed for pre-treatment of shredder residue and fly ash respectively, and the pre-treated materials are ultimately treated in the existing Mitsubishi continuous copper smelting and converting process line. Since wastes such as shredder residue tend to vary in size and in shape, and contain some chlorine, the installation of a new pre-treatment line was required. The combination of the new pre-treatment line with the existing Mitsubishi Continuous Copper Process line has created a highly efficient and environmentally friendly system for recovering and recycling of valuable metals that previously used to be sent to a landfill. This paper reviews the approach that Naoshima took to establish its current recycling business strategy.

Jan 1, 2007

By E. Hinton, L. Bloomquist

"This paper describes a guidance system for autonomous underground mining vehicles, which does not require any infrastructure or inertial positioning systems to aid the guidance process.BackgroundINCO Limited mines approximately ten million tons per annum through 12 operating mines in the Sudbury, Ontario, area (Fig. 1). With challenges from operating in a cyclical marketplace as well as new technologies making alternative nickel ores more competitive to refine, the Mines Research department embarked on a strategy that pointed toward automation as a tool to help the company become even more economical in mining.The mining industry has been looking for ways and means to mine orebodies more and more inexpensively. Automation and the lessons learned from manufacturing had a great influence in the direction of research at INCO Limited over the past ten years. Guidance systems have evolved over the years but the majority of commercially available systems rely on some form of infrastructure. This, in part, has caused some resistance from operators to install and maintain automated or semi-automated systems for guidance of underground machinery.Internal industrial studies cited travel time to and from the workplace as one of the major time sinks in the shift of underground miners. Depending on the mine, it may be as much as two hours moving in and out of an area. Some work areas have accommodated this by having “hot changes” at the work place. However, at some point in time, there are two people tasked with the same job and on site at the same time to make this overlap occur.Tele-operation of underground hard rock equipment eliminated this overlap and also provided a comfortable environment in which to work. By taking advantage of the communications network installed, the miners proved that they could operate three machines with relative ease. This was accomplished by a vision-based, “painted line,” autonomous guidance system termed the light rope system.With a few years’ experience with the system, some issues have arisen, including the cost of the rope itself (Fig. 2).The vehicle’s route is limited to the paths defined by the light rope, and a system of switching power to the light rope to select different routes is required. The rope itself is subject to damage from nearby blasts. Also, the system offers no obstacle detection; the vehicle may be switched off as a means of shutting the machine down thus protecting personnel in the area."

Jan 1, 2001

By G. F. Flaherty

THE property of Tashota Goldfields, Limited, in the Lake Nipigon area, Ontario, is located about 4 miles west of Onaman lake and 16 miles by winter road south-southeast of Tashota station on the transcontinental line of the Canadian National railways. The mine, formerly developed to a limited extent under the name of Tashota Gold mine, has, since late in 1933, been under the management of Minefinders Limited, who, in 1935, brought it into production on a 60-ton per day basis. During the winter of 1934-35, the writer was geologist at the property. The geological structure in the immediate vicinity of the mine workings lends itself well to analysis on the basis of the mechanical principles of folding. Since structure is of prime importance in the localization of the ore-shoots and of the host shear-zones at the property, the correlation of all structural details and their mechanical interpretation forms a working hypothesis of structural control for the direction of exploration and development work. It is believed that the structural relations here set forth may be found applicable in part, or at least suggestive, in working out the relations of ore-shoots to structure in the Sturgeon River area to the south, and in the Little Long Lac area to the southeast (Figure 1).

Jan 1, 1936

By K. E. Waters, N. Brodusch, R. Gauvin, H. Demers

"Rare earth elements are becoming increasingly in demand, due to their prevalence in both renewable energy devices and high-end electronics. The characterization of the composition, morphology and volume fraction of the various phases that have valuable rare earths in the ores are needed to find the optimal industrial process to extract the ores containing the rare earths. Rare earth-bearing minerals contain many elements with the M-and L-lines overlap, requiring a high degree of resolution, pushing the boundaries of scanning electron microscopy quantitative analysis. Enhanced microscopy at a high spatial resolution with improved x-ray quantitative analysis enables the accurate determination of the distribution of the desired rare earths in various mineral phases. INTRODUCTIONRare earth elements are becoming increasingly in demand, due to their prevalence in both renewable energy devices and high-end electronics. From batteries (lanthanum and cerium), to magnets (dysprosium and neodymium) and lighting (yttrium), the rare earth elements are crucial to the advancement of technology, and to energy saving devices (Crow, 2011). The goal of this project is to characterize the composition, morphology and volume fraction of the various phases that have valuable rare earths in the ores in order to estimate the economical VALUES (of the ores and to find the optimal industrial process to extract the ores containing the rare earths. High spatial resolution imaging and x-ray microanalysis are needed to reach this goal. In this work, the results obtained with a cold-field-emission scanning electron microscope (FE-SEM) and a silicon drift detector (SDD) energy dispersive spectrometry (EDS) detector at low accelerating voltage are compared to experimental conditions typically used with electron probe microanalysis (EPMA) instrument.With this improvement, a detailed scientific analysis of the composition of these, and other, ores will become possible with a SEM/EDS system. This will help to better understand how such ores were formed, hence assisting in finding them, and to better understand how to process them in preparation for high end industrial applications, namely through mineral processing."

Jan 1, 2012

By I. V. Kojo

Continuous development of technologies has been self-explanatory for Outokumpu Technology's engineers for decades. The aim in the development has always been the improvement of profitability of the copper production but also the sustainability of the processing i.e. high copper recovery, low external fossil based energy utilization, high emission captures and of course low operation and investment costs. Outokumpu Technology's long-term view of the development is a change towards continuous processes and elimination of number of unit operations in smelting i.e. elimination of possible sources of emissions. Outokumpu blister smelting processes i.e. Outokumpu Direct-to-Blister Flash Smelting and Kennecott-Outokumpu Flash Converting have shown excellent operational results during the years of operation and it is expected that soon more than 10 % of the world primary copper is produced by these technologies. The paper will give some background of this development trend.

Jan 1, 2007

By B. K. Gorain

Barrick' s Buzwagi copper-gold deposit in Tanzania comprises oxide, saprock and sulphide mineralized zones averaging approximately 0.058oz/t gold, 0.13% total copper and 0.03% cyanide-soluble copper. A comparative evaluation of the project based on two potential flowsheet alternatives is presented. The first flowsheet included a gravityconcentration and carbon-in-leach (CIL) plant. The second flowsheet was based on a Gravity-Flotation-CIL plant, which proved to be more economically robust. Selective flotation of copper minerals to produce a saleable copper concentrate proved to be challenging. Detailed characterization of the Buzwagi deposit was carried out through understanding of ore mineralogy, mineral liberation, floatability and selectivity, reagent chemistry and regrinding issues. With this insight, a flotation concentrate of greater than 25% Cu was achieved, recovering a significant amount of copper minerals and tellurides. The overall economics of the project improved significantly with the addition of flotation. Leach tests on gravity and flotation tailings showed an overall increase in gold recovery of approximately 6% for a Gravity-Flotation-CIL plant compared to that for a Gravity-CIL plant.

Jan 1, 2007

By M. J. Latva-Kokko, T. J. Riihimäki

"Oxidation autoclaves are normally operated at elevated temperature and pressure. The improvement in kinetics is due to combined effect of temperature and partial pressure of oxygen. In this paper exclusive effect of pressure has been studied with a low grade sulphide ore at below 100 °C temperature. These studies are related to development of a novel tower-like reactor that utilizes hydrostatic pressure. Technology is designed to generate high amount of effective fluid volume for high solid content slurries with lower energy consumption and improved kinetics compared to normal atmospheric operation.INTRODUCTIONEconomical utilization of low-grade ores requires handling of enormous amount of material. This sets new requirements for process equipment in terms of size and energy efficiency. For example on the field of mineral processing this has lead to a six fold increase in the operating volume of mechanical flotation cells over the past two decades. Ore beneficiation methods like flotation greatly reduce amount of material that needs to be further processed in smelters or hydrometallurgical refineries. However with some ore types, such as nickel laterites and refractory gold ores, traditional concentration technologies cannot be utilized. Thus direct leaching of ground ore could be an attractive option. In many cases normal atmospheric tank leaching has traditionally been a non-feasible option mainly due to high capital and operational expenses induced by large amount of stirred reactors required. Main restriction for increasing reactor size to beyond 500 m3 has been mechanical load and power requirements set by mixing in cases when high dispersion efficiency of gas is required. THEORETICAL BACKGROUNDIn hydrometallurgical industry autoclaves are typically operated at elevated temperature and pressure. In many cases increase in operating temperature is the desired phenomena and improvements in kinetics are strongly related to that. Thus increase in pressure might be induced solely by water vapor pressure. However when gaseous feed is present, pressure itself has a strong effect on leaching kinetics for various reasons and its role should not be neglected."

Jan 1, 2012

As land resources decrease, commodity prices increase, and technology evolves, deep sea mining is becoming a viable alternative to meet the increasing demand for minerals. Successful deep sea mining operations are built on sound identification of the resource, proper selection of equipment, a thoughtful production plan, and good project management. These four key activities can be further optimized by analyzing how the spatial variability and uncertainty of the ore body properties impact the final mining operation. To address this problem, IHC Merwede is in the process of developing a risk quantification framework in the context of deep sea mining, which makes use of state of the art geostatistical simulation methods and transfer functions to quantify geological uncertainty and translate it into decision or project risk. The paper introduces the Local Average Subdivision method (LAS) for generating simulated models of the deposit and presents a new extension to incorporate point measurements of geotechnical or ore grade properties. Due to its computational efficiency, the presented method is suitable for simulating largely extended sea floor deposits. The second part of the paper illustrates, through example case studies, the significant benefits of a risk based approach which translates geological uncertainty into financial or operational performance indicators. In particular, the focus is on assessing financial project risk and on the design optimization of the deep sea excavation equipment by analyzing cutting forces, specific energies, and power requirements.

Aug 1, 2013