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By J. C. Mostert, P. N. Roberts

Electric smelting at Rustenburg Platinum Mines Limited of nickel - copper concentrates containing platinum-group metals By J. C. MOSTERT Pr. Eng.. B.Sc. (Stellenboseh). M.Sc. Met. Eng. (Fellow) and P. N. ROBERTS Pr. Eng.. B.Sc. Eng. (Rand) (Fellow) The processes involved in the smelting in an electric furnace of nickel-copper concentrates containing platinumgroup metals are described. These are concentrate drying, pelletizing, pellet drying, and flux and pellets proportioning, followed by smelting of the concentrate in a submersible-electrode electric furnace, which is discussed in more detail. The furnace matte is blown in a converter to the white-metal stage and is cast in moulds, whilst the slag is granulated, ground, and floated for recovery of valuable metals and afterwards pumped to the tailing dam.

By A. N. Brown

The importance of the minerals industry in the economy of the country is discussed, and the tremendous changes that have taken place over the past two decades, including the widespread application of computers and the use of mechanization, are outlined. A discussion of the future of the minerals industry points out that, with the rise in the price of gold, the life of the gold-mining industry can be expected to extend beyond that previously predicted, and that the demand for uranium, which has been depressed, is uncertain. As a result of the oil crisis, the demand for coal has increased and large expansion programmes are planned. These involve coal exports and the use of coal for the generation of electric power, for the production of liquid fuels, and for the smelting of metals. Technical challenges face engineers in every avenue of the minerals industry: in deep gold mines, underground coal mines, strip coal mines, and open-pit mines. Studies indicate that only one-third of the demand for trained mining and metallurgical engineers is being met and that the position is worsening. However, there are indications that the industry is succeeding in attracting more engineering students, and the supply is expected to improve. These efforts should be co-ordinated, expanded, and intensified. There is a need to ensure that sufficient teaching staff of the right calibre and experience are attracted to universities and technikons. The first degree course is comprehensive and basic, and specialization through post-graduate study should be encouraged. The influence of national service on the education and training of engineers is discussed.

Jan 1, 1982

Statistical summary of the mineral industry world production, exports and imports 1964-1969 Published by Her Majesty's Stationery Office, London, on behalf of the Institute of Geological Sciences (1971) The Statistical Summary contains a wealth of care fully garnered information on the production, exports and imports of the principal minerals and mineral products throughout the world for the period 1964-1969, and it should therefore be of particular interest to economic geologists and others concerned with marketing and selling minerals. In view of the intractable nature of the source data it is quite an achievement to have published figures for 1969 so expeditiously. On picking up the Summary this reviewer instinctively compared it with the Annual Yearbook published by the United States Department of the Interior. The Yearbooks have been issued annually since 1882, and today each consists of a set of three separate books containing five volumes. Apart from abundant statistics on the domestic and international mineral industries, the Yearbooks are known for their perspicacious reviews and articles on a host of different facets of the world's minerals industry. Physically the Summary is a much slimmer publication than the Yearbook, and it contains no commentary whatsoever other than occasional footnotes. The principal contents are a series of tables showing production, exports and imports of fifty-nine of the world's more important minerals and mineral products. Each table shows the weight of the material produced or traded, by countries, with figures for each of the six years in adjoining columns. In some cases (e.g. diamonds) values in British currency are quoted in addition to weights. Most of the data have been abstracted from national reports and returns, although in some instances estimates are quoted where national sources are silent--as for example the production of platinum in South Africa. One wonders in passing if any useful purpose is served by the continued suppression of this particular figure. The four South African producers must surely be able to estimate each other's production fairly accurately by now, and one imagines that the national export figures can likewise be synthesised. This reviewer has two minor criticisms of an otherwise praiseworthy publication. Firstly it seems an unnecessary anachronism to perpetuate the split between 'Commonwealth' and 'Other' countries-the split can have little practical significance today. Secondly, what is one to make of the statement that the 1966-1969 figures for exports from Rhodesia of chrome ore and copper, to take two examples only, are 'not available'? It seems improbable that no estimates of these figures have been made since the imposition of sanctions, and inevitably one suspects that the figures have been excluded on policy grounds. Hopefully this problem will have been solved when the next Summary is published. M.J.M. South Africa, land of Challenge by Maurice Tyack France Interpresse, 323 pages, price R18-00. Is South Africa God's richest acre? In its mineral wealth it certainly is, but what of the many other complex overlays of emotions, traditions and racial problems? South Africa, Land of Challenge, provides the background. This is reported to be the first comprehensive documentary work of its kind on South Africa. It is a handsome volume measuring 12ft by 9f', is illustrated by at least 600 photographs of South Africa, more than half of which are in colour, and contains 21 original maps and charts. The book covers the full spectrum of South Africa's very existence, its geography, pre-history, its customs, countryside, natural resources and its cities. The more controversial categories are thoroughly discussed, the people, their policies and politics. Mr Tyack is eminently qualified to write on South Africa, being the author of over 20 books on other African countries and having spent more than three years of research, in the field, in South African archives and also in various libraries and museums, in preparation for this book. The book claims to be free of any party political bias and appears to be an honest attempt at a factual survey. However, a work of this magnitude will undoubtedly leave an impression on the reader and the tone of this book is decidedly patriotic. This is a useful reference work on South Africa that most South Africans will be proud to own. J.P.H. Ergonomics and physical environmental factors This publication by I.L.O. of a symposium in Rome in September 1968 has much useful information for the mining industry in regard to the health and productivity of its labour force. The first subject dealt with is mechanical vibrations. From this section it is clear that men who drive, for many hours each day, vehicles which vibrate in the 6 Hz range are subject to serious physiological and psychological effects. The former may show as changes to the vertebral column (which has a resonance in the 4-5 Hz range). The circulatory system is adversely effected by values in the 6-10 Hz range and the vision is impaired at between 40-100 Hz. Less definite knowledge exists of the effects of vibration on the hand-arm system from mechanical drills etc, although Raynauds disease of the blood vessels of the hand and degenerative diseases of the elbow and shoulder joints occur in men using drills which vibrate, respectively, in the higher and low frequency ranges. Industrial noise is extremely well dealt with and the latest knowledge is summarized. Clear information is given on the relationship between time of exposure to

By R. G. B. Pickering

Conventional mining is an excellent match of mining method and equipment. The result is guaranteed performance. Change in the form of different technology requires change in mining method until the best match is achieved. This paper covers the development of technology and mining method that has occurred in the last five years to arrive at the objective of successful mechanized mining in narrow reef platinum deposits of the Bushveld Complex.

Jan 1, 2004

By C. Pamukcu

In this paper, which is aimed to serve as a review article, first of all a breakdown of the earth?s total water reserves is given. The usage areas of water in the mining industry are mentioned and these uses are briefly outlined, together with the main pollution potential of each. According to this, most of the water (almost 80% of it) is utilized in processing. Later on, probable damages that the mining would give to groundwater as a result of acid mine drainage, heavy metal pollution, euthrophication and deoxygenation is described. Finally, the measures and controls that should be taken against water contamination in mines are presented.

Jan 1, 2008

By H. Moslemi

Metal sulphides are usually semiconductor and their electrical conductivity is low; therefore they are sources of electrons and promote electrochemical reactions. This phenomenon is of significant importance in sulphide flotation. The formation of a hydrophobic surface on the sulphide minerals is the result of various electrochemical reactions. Potential difference in the mineral-liquid interface plays an important role in the kinetics of the reactions, and consequently, on the flotation behaviour of sulphides. The value of the potential difference is influenced by different oxidation-reduction reactions at the interface area, and is measured by a two-electrode system in which an electrode is applied as reference electrode. In this study, we attempted to measure open-circuit potentials of pyrite, pyrrhotite, and steel electrodes with respect to the reference electrode. To verify the results, two reference electrodes, saturated calomel and gold, were used. Time-potential relations with respect to both reference electrodes show that the potential of both pyrite and pyrrhotite increases with time; however, this trend decreases for steel except when at pH 12. The results show a potential drop by an increase in pH value, except for steel, for which the opposite holds. This paper discusses galvanic interactions between minerals and grinding media in the grinding circuits, as well as among other minerals in the flotation processes.

Jan 1, 2012

[The following notations will be used: O an ore body. z a point in O. z' another point in O. w0 (z) a point support of infinitely small dimensions w0 centred in z. w (z) a sample (or block) of finite dimensions kv centred in z. W (z) a block of size W greater than or equal to w. W'(z) a block of size W' greater than or equal to W. W" (z) a block of size W" greater than or equal to W'. x (z) value of the regionalized variable x with support wO at point z. p (z) average value of x in w (z). pw WZ) = E[x(z')l zt in w(z) pw (z) average value of x in W (z). pwl (z) average value of x in W' (z). pwU (z) average value of x in W" (z). Note that pW (z), pw (z), pwf (z) and pw,, (z) are (regular- ized) regionalized variables with support w, W, W' and W" respectively. The relative sizes of wO, w, W', W" and O are represented schematically in Fig. 7.1. The variance of pw (z) when w (z) takes all possible positions in O is known as the dispersion variance of w in O and is denoted by a? (w in O) or a\: 0; = a2(w in a = Ew,z, inn {[p~ (z) - p121. (7.1) For convenience, the following simpler notation will be used: a> Ew in n [(p w - pl21. Consider now a large block W (z) in O with average value p~(z), and all the possible smaller blocks (or samples) w (z') of size w in W (z). We can calculate the variance of the blocks w (z') in the block W(z), which is the dispersion vaciance of w in W (z), from the relationship a2 [w in W(z)l = Ewcz,, in W(Z) {[PW (z') -pw (z)l21. (7.2) Provided the intrinsic hypothesis is satisfied (§3.4.4), this variance is a function only of the dimensions of the supports w and W, and is independent of the position z of the block W (z). We can therefore define the dispersion variance of w in W, as follows: u2 (win W) = Ew in w [(ptti - PW)~]. (7.3) In cases where the intrinsic hypothesis is not satisfied, the variance of samples w in blocks W may vary only slightly from block to block, so that the average dispersion variance of w in W (z) for all possible W (z) in O can be used: ayw in W) = Ew(,, ~n n {a2 [W in W (z)]}. (7.4) The following example will help to illustrate the importance of the variance of dispersion. Assume that we plan to develop a bedded coal deposit Q. We consider mining the ore body with only one giant dragline, which will extract each day a block of coal of size W'. The total area mined in a year will have a size W". We want to know whether this scheme is acceptable, given that the daily variation in ash content must not exceed a given percentage specified in the sales contract, which is renewable on a yearly basis. On a given day, if we mine the block W' (z), the ash content will average pwT (z). In a period of one year, the expected daily variation in ash content is measured by the expected variance of pwf (z) in W", i.e. by a2 (W'in W"). An alternative mining method might be to use two smaller draglines, each one mining W'/2 of ore per day, and Wn/2 per year. If the draglines are used to mine two distinct sections of the deposit, the expected daily variation in ash content will be u2 (W'/2 in Wj1/2)/2 Other situations, where economic decisions cannot be made without knowledge of the dispersion variance, are illustrated in § 7.4 and 7.5 below. Remark: The notation a2 (w in W) is used in this publication because of its clarity. An alternative notation, which is increasingly accepted in the literature, is s2w/W. ]

Jan 1, 1978

By M. U. Ozbay

The stability of pillars is analysed on the assumption that pillars shed load in a stable manner if the slope the strata load-deformation relation is steeper than that of pillars in the post-peak regime. Concepts of local stiffness, mine structural stiffness, and critical stiffness are discussed. Procedures are described for the determination of strata stiffness for various pillar layouts by use of the available boundary-element computer programs. The postpeak stiffness of pillars is assessed from the available data relating to the post-peak load-deformation relationship and width-to-height ratio. Stability analyses are carried out by the contrasting of strata stiffness with post-peak pillar stiffness. It is shown that the strata stiffness becomes unacceptably small for a stable yield-pillar layout when the span exceeds about 5 times the depth. The strata stiffness is found to increase, thereby increasing the stability, as the span-to-depth ratio, number of pillars, and percentage extraction are decreased. It is also found that the stability in a yield pillar becomes difficult to achieve when al the pillars in a layout are in the descending part their post-peak load-deformation curve

Jan 1, 1989

By Lene Hansen

Sulphuric acid plants now and then see unexpected increases in SO2 emissions. Our experience is that it is not always easy for the acid plants to pin point the exact reason for the SO2 increase. Sometimes a catalyst bed is sacrificed even though reliable emperature readings and gas analyses could have verified satisfactory activity, hence the leaking heat exchanger is never discovered and after the shutdown the SO2 emissions are still too high. This paper will look into some basic catalyst management tools: Good record keeping is a necessity for collection of representative catalyst samples, reliable operating data is an inevitable starting point for all analysis and trending of operating data is a must for plant optimisation and troubleshooting. In addition these catalyst management tools will give a continuous updated knowledge of the catalyst status in each bed providing the basis for a more effective replacement strategy. The most typical reasons for increasing SO2 emissions will be presented together with easy guidelines for cross-checking of operating data, temperature optimisation and good record keeping.

Jan 1, 2009

By Lene Hansen

Sulphuric acid plants now and then see unexpected increases in SO2 emissions. Our experience is that it is not always easy for the acid plants to pin point the exact reason for the SO2 increase. Sometimes a catalyst bed is sacrificed even though reliable emperature readings and gas analyses could have verified satisfactory activity, hence the leaking heat exchanger is never discovered and after the shutdown the SO2 emissions are still too high. This paper will look into some basic catalyst management tools: Good record keeping is a necessity for collection of representative catalyst samples, reliable operating data is an inevitable starting point for all analysis and trending of operating data is a must for plant optimisation and troubleshooting. In addition these catalyst management tools will give a continuous updated knowledge of the catalyst status in each bed providing the basis for a more effective replacement strategy. The most typical reasons for increasing SO2 emissions will be presented together with easy guidelines for cross-checking of operating data, temperature optimisation and good record keeping.

Jan 1, 2009

By D. J. Bosman

Rapid fouling of condenser tubes in underground refrigeration plants is a frequent occurrence. It leads to low heat transfer efficiencies, with consequent serious reduction in capacity and increase in the horse-power requirement of the units. High pressures develop in the condensers, and frequent cleaning of the tube bundles is required. The cleaning operation takes up to 8 hours and in some cases results in significant loss of production. One of the possible causes of fouling is deposition of scale, but this can be readily overcome by controlling the concentration of the water. When water evaporates, the dissolved solids remain behind; thus evaporation increases the amount of dissolved solids per unit volume. If half the original volume evaporates, the concentration of the dissolved solids is doubled and the water is said to have a 'concentration' of two. Concentration may be controlled by regulating the amount of water allowed to bleed from the system. The actual concentration value required is a function of the chemical analysis of the circulating cooling water. In one instance, where the problem of scale formation had been eliminated, fouling still persisted, and the possibility of excessive quantities of dust in the re-circulating water was investigated. A dispersing reagent was added to the condenser cooling water as a means of preventing sludge deposition in the condenser tubes. As shown by curve A in Fig. 1 the reagent addition did not decrease the rate of fouling.

By H. Bhikha

The minerals industry is committed to the principles of sustain-ability. Reducing water consumption is a priority area, especially for regions of water scarcity. This paper presents a systemic optimization of the water balance of the Skorpion Zinc refinery with the aim of reducing water consumption. An Aspen Plus simulation of the process is used. The validity of the simulation is tested by measuring key output variables and comparing results to plant data. A number of water minimization scenarios are investigated, Including unit operation and circuit configuration changes. The scenarios leading to the largest reduction in water consumption are through the full recycle of treated effluent water, which results in water savings of up to 19%. Reducing process water and/or recycling of untreated water is prohibited by the build-up of trace elements, which affect product purity. The Skorpion process already features a highly optimized water balance, with unit operational changes merely resulting in a shift in the water balance. Consequently, the largest area for improvement is through the re-use of effluent water. Keywords Skorpion zinc water usage, process optimization, sustainability.

Jan 1, 2011

By M. J. Kahn

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

Jan 1, 2011

By P. K. Van Manen

Anglo Platinum's Polokwane Smelter is situated outside Polokwane, in the Limpopo Province of South Africa. Wet concentrate is received from various concentrators along the Eastern Bushveld Complex. Approximately 60% of the total concentrate received is from UG2 Reef, and 40% is from Merensky Reef. The concentrate is dried in two flash dryers, and smelted in a single 168 MVA furnace. A PGM-rich nickel-copper matte is cast, crushed and transported to Rustenburg for converting. The plant was commissioned in March 2003. The wet concentrate, containing 12-18% moisture, is weighed, sampled by one of two auger samplers, and off-loaded into a concentrate shed, either directly through a grizzly into a hopper, or onto the floor. From the shed the concentrate is conveyed to 12 concrete silos. Each of the two identical flash dryers can be fed from six silos. From the flash dryers concentrate is transported pneumatically to a 3 000-ton dry concentrate storage silo. The flash dryers are rated at a nominal 66 tph of dry concentrate at 14% moisture, while the furnace can smelt 90 tph of dry concentrate. Therefore both flash dryers are required to operate when the furnace runs at design throughput. Each flash dryer consists of a hot gas generator (HGG), a disintegrator and drying column, and a section for gas/solids separation. In the HGG, gas heated up to 700° C is produced from the combustion of coal peas in a fluidized sand bed. The hot gas and wet concentrate are introduced to the disintegrator at the bottom of the drying column. The disintegrator breaks up any lumps of concentrate, and throws the concentrate up into the drying column, where it travels co-currently with the hot gas. A fan draws the hot gas from the drying column and through the gas/solids separation section, which consists of three primary cyclones, a multiclone and a high-temperature bag house. The dry concentrate reports to a 450-ton dry concentrate storage bin. A portion of dry concentrate is recycled to the wet concentrate feed in a paddle mixer, so that concentrate that is too wet does not enter the disintegrator. The drying column outlet temperature is controlled at 120° C. Coal is received by road, screened for oversize and conveyed to a 400-ton concrete silo. From here it is pneumatically conveyed to a small feed bin at each of the HGG' s. The optimization work consists of process control improvements relating to the HGG outlet temperature, to control the drying column temperature during the ramp-up of the HGG outlet temperature and bag filters. Furthermore a heat balance is used to evaluate options to increase the instantaneous drying capacity of the existing equipment. The coal consumption derived from the heat balance is compared with the actual coal consumption. The purpose of the optimization work is to achieve an operating schedule for the flash dryers such that they operate simultaneously for as short time as possible. Most of the time one flash dryer should operate, allowing maintenance to be done on the other flash dryer, while drawing down the dry concentrate stock. Keywords: Anglo Platinum, Polokwane Smelter, pyrometallurgy, metallurgy, platinum, platinum group metals (PGM), base metals, flash drying, fluidized bed.

Jan 1, 2006

By C. A. Young, J. L. Bowden

"Cyclic voltammetry experiments were conducted on copper and chalcopyrite (CuFeS2) in the absence and presence of ethyl xanthate, and compared to mass-balanced EH–pH diagrams. The results for copper duplicate those found in the literature and confirm xanthate chemisorption. However, the, results indicate that chalcopyrite oxidizes to chalcocite (Cu2S) and only afterwards is chemisorption observed due to small currents appearing with xanthate. This phenomenon suggests that the mineral's hydrophobicity is induced by more than dixanthogen and copper xanthate. Hydrophobicity was found to be pH-dependent over a range of alkaline conditions (pH 7–11) at narrow potentials (0 to –200 mV). An EH–pH diagram for chalcopyrite with xanthate is presented to illustrate the conditions under which chalcopyrite would be hydrophobic and thereby more thoroughly explain the results in the literature. IntroductionSulphide minerals are generally concentrated from ores by froth flotation, a physiochemical process that induces separation based on differences in hydrophobicity. In this process, a gas is bubbled into a slurry and the minerals that are hydrophobic (water-repelling) adhere to the bubbles and float to the surface while the hydrophilic (water-loving) minerals remain in the slurry. With sulphide minerals, the hydrophobicity is generally established in two ways. The first is by the addition of a collector, which is a heteropolar molecule with a reactive inorganic head group and an inert organic tail. Typically, the head group bonds with the sulphide mineral surface by adsorbtion either chemically (chemisorption) or physically (physisorption) or by complexing with atoms that solubilize somewhat at the surface (surface precipitation). These interactions leave the organic tail protruding from the mineral surface, thereby inducing hydrophobicity. The second method is by oxidation of the mineral surface to form a layer that is metal-deficient/sulphide-rich or comprised of elemental sulphur. Because the layer mimics naturally hydrophobic sulphur, this enables ‘collectorless’ flotation. Furthermore, this oxidation phenomenon adds an electrochemical dimension to the understanding of sulphide mineral flotation."

Jan 1, 2016

By D. A. Viljoen

While coal can be used as a chemical feedstock instead of oil for the production of the petrochemical based commodities that are so important to our modern way of life, the impact that coal is going to make on the world-energy scene is without doubt its more important role in the short- to medium-term. After inflation, energy is probably today's most talked-about and controversial economic issue. It is a plentiful supply of energy that has permitted each of us to live a life of convenience that is matched only by the most fortunate of the aristocracy in history.

Jan 1, 1979

By M. C. van Blerck

Since its introduction in 1956, the capital allowance has been increased and its scope widened. At present the allowance is 10% in respect of two categories of gold mine (post-1973 and other deep level mines) and 6% in respect of natural oil mines. The allowance is a significant incentive encouraging the development of new mines, to the benefit of both the fiscus and the South African economy as a whole. A strong case can be made for increasing the amount and the scope of the allowance. The Margo Report recommendation that the allowance should possibly be replaced with a system of direct grants is, in theory, neutral. However, practical difficulties exist with cash grants and there is concern with the implications elsewhere in the Margo Report that the capital allowance is excessive and that, as a consequence, such direct grants will represent an effective reduction in this incentive. I believe that the best course of action would be the retention (and enhancement) of the capital allowance and the expansion of its scope.

Jan 1, 1988

By M. B. Dunn

Terminals form part of the transportation chain from producer to consumer in the world-wide conveyance of bulk commodities. As such, they are a vital link in providing a buffer between widely differing transporation modes. It is essential in the conceptual design of such terminals that an overall view of the entire system of which they form a part is taken. Only in this way can it be ensured that the system will operate smoothly and without disruption, for in the end such disruptions can have dramatic repercussions, both on the cost of the commodity in the market place and on production. In this respect, computer simulation is a useful tool in arriving at the optimum design for the system. The Richards Bay Coal Terminal provides a good example of such an approach. Commissioned in 1976 to handle 12 Mt per annum, it is now handling 24 Mt per annum, with plans for further expansion to 44 Mt per annum in the future.

Jan 1, 1980

Palabora Mining Company is operating a copper block cave mine in the Limpopo Province of South Africa. The mine was developed in the late nineties with a target ore reserve of 220 million tonnes of carbonatite at 0.69% copper. At 30,000 tonnes per day the operation had an estimated life of mine of approximately 23 years. Cave induced open pit side wall failure occurred in late 2004 with 130 million tonnes of waste reporting to the bottom of the open pit. This failure resulted in potential sterilization and dilution of the ore reserve and subsequent reduction in life of mine. Physical and numerical modelling indicated potential losses of up to 30% of the original ore reserves. Cave Management tools based on throughput principles are utilized to manage the failed waste ingress and ensure an optimum life of mine. Extracting the maximum rate possible, as soon as draw points are commissioned, with the view of achieving the highest production in the short term, is any mining operation?s goal as more money is required sooner. This approach, of course, improves the cash flow but presents a risk in the cave propagation profile as overall draw control is compromised. At Palabora it is evident from a Mineral Resource Throughput Management (MRTM) point of view that maximum production in the short term is not the solution. If high production rates are achieved and the profile of the cave is not manage correctly, this results in failed waste reporting to draw points earlier with adverse effects on grade. This would effectively and significantly shorten Palabora?s Life of Mine. The applications of good MRTM principles are required to assist the value chain for sustained profitability. The process commenced with change management paving the way for a better understanding and a holistic view for all role players.

Jan 1, 2007

By T. Tholana, P. N. Neingo

"A mineral resource constitutes the principal underlying asset of a mining company, and must be exploited and managed in such a way that maximum value is derived from it. Various asset management frameworks applicable to physical assets are available. This paper focuses on the extension of an asset management approach, particularly the Publicly Available Specifications (PAS) 55 asset management framework and the International Organization for Standardization (ISO) 55000 series of standards, to mineral assets. It is concluded that PAS 55 and the ISO 55000 series of standards can be extended to manage mineral assets, resulting in an integrated approach to sustainably optimize value from the company’s mineral assets. The benefits include improved returns on mineral assets, maximum mineral asset utilization, creation of an organizational culture focused on quality and continuous improvement, and assurance to stakeholders that the mineral assets are being efficiently managed over their entire life-cycle. In the context of this paper, a ‘mineral resource’ refers to both Resources and/or Reserves as classified by the SAMREC Code. IntroductionMining involves the extraction of valuable mineral resources from the Earth’s crust. A mineral resource is unique among natural resources in the sense that it is a wasting asset, which means that its value depreciates continuously with extraction. In addition, it is often impaired from time to time as commodity price changes (Macfarlane, 2011a). Since a mineral resource is a wasting asset there is a single opportunity available to optimize value from its extraction. Mine planning involves identifying a strategy to exploit the mineral resource in a way that maximizes value at an acceptable risk level throughout the life of mine (LOM). This optimum extraction strategy changes as economic conditions change, particularly commodity prices, as well as with improvements in orebody knowledge as mining progresses. It is the mineral deposit that competitively distinguishes two different mines and dictates the location of a mine; hence the adage ‘the orebody dictates’. Therefore, a mineral resource is the primary tangible asset possessed by mining companies and must be managed in such a manner that maximizes its value at an acceptable risk level (Macfarlane, 2011a)."

Jan 1, 2016