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By David E. Kaslow

In sampling dust laden air by drawing the medium into an inlet, some larger particles fail to follow the air and a true sample is not obtained. Inertia prevents particles from accelerating with the air as well as from turning sharp bends; also the particles' weight causes them to fall relative to the air. An analytic solution to the sampling efficiency calculation by Levin gives particle paths and sampling efficiencies for various particle sizes when the inlet can be treated as a point sink. However, the flow field in the neighborhood of an aspirating tube is quite different from a point sink flow. Employing Levin's solution in the outer field, trajectories in actual flow fields have been calculated by computer to locate the critical trajectories separating the entering particles I paths from those paths where the particles hit the tube wall or escape. Sampling efficiencies are presented in terms of 3 variables--a dimensionless particle size coefficient, a dimensionless orifice size coefficient and the tube orientation--for the no-wind case. Over most of the range of sampling conditions, the Stokes drag law can be used and dependence on the variable--particle Reynolds number--can be ignored. A procedure for achieving maximum efficiency in design of a sampler is proposed. Whether these results apply when typical room-sized eddies constitute the ?calm air? environment is not known.

Jan 1, 1974

By Chris Breeds, Larry Leone, Jerry Wallace

Project Owners typically require General and Detailed Blast Plans when blasting close to important structures and specify the maximum allowable peak particle velocity for each potentially affected structure. Low, residential level PPV limits may be specified which significantly restricts the potential for blasting to be effectively used. Contractor’s responding to these contract conditions typically cite historic case studies which may, or may not, apply to the specific situation and/or types of structures for which limits have been set. A long submittal cycle typically follows.

Jan 1, 2010

By Raj K. Singhal

Canada is a world class producer and exporter of minerals and mineral products. Canadian open-pit mines are highly mechanized and use state-of-the-art equipment and support technology. During the past few years, productivity improvements at Canadian open-pit mines have been achieved by taking advantage of larger equipment, in-pit crushing and conveying, truck dispatch systems and electronic management tools. The most recent developments are related to hydraulic transportation and the application of global positioning systems (GPS). Mine planning has become computerized. Environmental issues are dealt with in all phases of planning. Equipment modifications are pursued with vigor to keep the equipment functioning in the hostile Canadian north. In 1997, the mining and mineral processing sector employed 370,000 Canadians, contributing $26.2 billion to Canada's gross domestic product (GDP). The value of production of the Canadian mineral industry, including coal, amounted to $19.1 billion in 1997. Gold remained Canada's leading mineral with production valued at $2.8 billion. This was followed by copper ($2 billion), coal ($1.9 billion), zinc ($1.6 billion) and nickel ($1.9 billion). [ ] Synthetic crude oil from oil-sands mining operations in Alberta represents an important part of Canada's petroleum production. In 1997, the value of synthetic oil production was $2.87 billion. Canadian oil-sands mining has contributed significant technology developments in Canada.

Jan 1, 1999

By R. V. Taborelli, P. B. Bucky

This investigation was carried on by means of models and the application of the principles of similitude to determine the effects of props, props and cribs and sand filling in longwall mining. The geologic structure and rate of face retreat were kept constant and the only change introduced was in the method of support. It is not felt necessary to repeat a description of apparatus, or to explain the fact that a scalar model made in all parts of the same material as the prototype will behave similarly to the prototype when rotated at speeds such that the centrifugal force is as many times the gravitational force as the prototype dimension is a similar linear model dimension. The reader is referred to earlier papers1,2 for further information regarding these statements. All models were made of sandstone and were as in Fig. 6. They are composed of a 3/16-in. ore body bed A, overlain by a 3/16-in. bed B, a ?-in. bed C and two ?-in. beds D and E. The model was rotated at + 2350 r.p.m. equivalent to a model ratio of 1268. It was worked back ¼ in. at a time before being replaced in the centrifuge and again rotated. Table 1 gives model and prototype dimensions occurring in this discussion, the prototype dimensions being 1268 times the model dimensions. Figs. 1, 2, 3 and 4 were taken while the model was rotating at 2350 r.p.m. One was taken for each face retreat of 26.4 ft., but for obvious reasons all are not presented. Fig. 1 (A-E) shows the behavior of this type of structure with face retreats of 26.4 ft. and no artificial support. Fig. 2(A-E) shows the behavior of this type of structure where breaker and face props were used. The props were exceptionally strong, being of steel ? in. square in cross section, and capped with 1/16 in. ± of soft wood and paper, to allow for roof deflection. The face props were

Jan 1, 1940

By P. B. Bucky, R. V. Taborelli

This investigation was carried on by means of models and the application of the principles of similitude to determine the effects of props, props and cribs and sand filling in longwall mining. The geologic structure and rate of face retreat were kept constant and the only change introduced was in the method of support. It is not felt necessary to repeat a description of apparatus, or to explain the fact that a scalar model made in all parts of the same material as the prototype will behave similarly to the prototype when rotated at speeds such that the centrifugal force is as many times the gravitational force as the prototype dimension is a similar linear model dimension. The reader is referred to earlier papers1,2 for further information regarding these statements. All models were made of sandstone and were as in Fig. 6. They are composed of a 3/16-in. ore body bed A, overlain by a 3/16-in. bed B, a ?-in. bed C and two ?-in. beds D and E. The model was rotated at + 2350 r.p.m. equivalent to a model ratio of 1268. It was worked back ¼ in. at a time before being replaced in the centrifuge and again rotated. Table 1 gives model and prototype dimensions occurring in this discussion, the prototype dimensions being 1268 times the model dimensions. Figs. 1, 2, 3 and 4 were taken while the model was rotating at 2350 r.p.m. One was taken for each face retreat of 26.4 ft., but for obvious reasons all are not presented. Fig. 1 (A-E) shows the behavior of this type of structure with face retreats of 26.4 ft. and no artificial support. Fig. 2(A-E) shows the behavior of this type of structure where breaker and face props were used. The props were exceptionally strong, being of steel ? in. square in cross section, and capped with 1/16 in. ± of soft wood and paper, to allow for roof deflection. The face props were

Jan 1, 1940

By G G. Suffel

T HESE remarks on the occurrence of strata-bound massive sulphide deposits are submitted be-cause the writer recently visited the principal Cyprus deposits (in January, 1965) and has also a back-ground of many years spent largely in detailed observation and map-ping of the Horne and Amulet ore-bodies, now largely inaccessible. They are particularly related to the Symposium papers (September Bulletin) by Hutchinson and by Roscoe. Some comments are offered on the cupriferous pyrite deposits of Cyprus. As the writer is currently reviewing the published literature on the related deposits in Turkey, a brief account of some characteristic Anatolian sulphide occurrences is given. The discussion is closed with some thoughts on the relationship between these Mediterranean sulphide deposits and those of northwestern Quebec and the Superior province in general. The geology of Cyprus, as it relates to the sulphide deposits, is well summarized by Hutchinson (1965). After visiting Mavrovouni, Skouriotissa and Limni and after much thought on the possible ge-nesis of these ores, it seems quite logical to me that he is right. They are indeed closely related to late-stage submarine volcanism.

Jan 1, 1965

The Sams Creek gold deposit near Takaka in northwest Nelson was discovered in 1974 by CRA Exploration (CRAE) geologists. CRAE recognised the potential of the area and subsequently undertook a comprehensive exploration programme of geological mapping, soil and rock-chip sampling, geophysical surveys and diamond drilling. Exploration defined sporadic gold mineralisation contained entirely within a deformed and hydrothermally altered, peralkaline granite porphyry dyke with a seven kilometre strike length, and up to 60 m thickness. Rock chip samples indicated extensive and economically significant gold grades over approximately one kilometre strike of the dyke at Main Zone prospect. CRAE completed 30 diamond drill holes at this prospect and defined a limited resource. Oceana Gold Limited recommenced active exploration at the Sams Creek Project in late 2002, focusing on improving the geological understanding and known resource at Main Zone. Completion of 1041 m diamond drilling successfully increased the estimated resource to 10.7 Mt @ 2.12 g/t Au containing 729 000 oz at a 0.7 g/t cut off. A further campaign of 1560 m diamond drilling was undertaken in 2003 - 2004 to extend the resource and test the continuity of high grade mineralised zones. Deeper intersections of the porphyry dyke indicated geometrical complexity and grade variability similar to that observed at shallow levels. Recent research suggests that Sams Creek can be geologically classified as a variant of intrusion-related gold systems, and therefore comparable to some other, very large gold deposits. However, due to the rugged terrain and dyke geometry, surface drilling is reaching the limits of viability at Main Zone. If infill drilling continues to be successful then an underground decline may be developed to facilitate further exploration. Potential also exists along strike, where other significant gold anomalies are known but largely untested by drilling.

Jan 1, 2004

By Morris Cohen, Robert C. Ruhl

The phases in Fe-C alloys over a wide composition range have been studied after splal quenching from the liquid state. Binary alloys containing 0 to 5.1 wt pel C as /cell as a large number of ternary Fe-C-Si alloys with 2.5 to 5.0 wt pct C and 0.3 to 5.1 wt pct Si were attlong those sludied. Olher Fe-C-X alloys, zcilh X being Co, Cr, ,Wn, Ni, and Ru , were also inrestigated after splat quenching. At high carbon contents, a new hcp phase (designaled 6 phase, but different from e carbide) is retained upon splat quenching. The .fraction of this phase varies up lo 97 pcl for a Fe-4.K-1.9% alloy. The composition of the E phase ranges from about 3.8 10 4.8 wt pet C, and the corresponding laltice parameters increase linearly ulith carbon content, while the c/a ratio remains essentially conslc~nl. The E phrtse appears to he a solulion of carbon in E iron, the latler being nornially found only at high pressures. It is deduced that the unit cell of the E phase corresponds to the formula Fe12C3, and llzal il is relaled to tlie ordered slruclures 0.f 6 iron carbide and c iron nilride. The E phase is compared and contrasted to the olher known carbides and nitrides of iron and nickel. An exlrapolaTion of the atomic volume 1,s carhon conlent of /he E pllase lzcts giz.en a neu7 estitnale jor /he alomic volume of E iron, 11.30 cu A, a1 atmospheric pressure and temperature. Other alomic volume relalionships lead to /he co~zpositioti Fe2.iC tor E iron carbide, /he unit cell fortr~ula being -Fe2rClo The E phase undergoes a lulo-slage decomposition upon healing, .forrning firsl rnarlensile plus E carhide, a/ler 1 hr at 140" lo 200°C, slid then ferr ite Plus cementile, after 1 lir a1 330" to 460°C. A1 carbo,l contents between 1.5 and 3.0 LC/ pcl, (he predo.wirzar/t plzase alley quenching is fcc austenite. The retained carbon content of this phase increases with itlcreasing silicon in certain concentration ranges, reaching a maximum of 2.37 wt pct C itz a Fe-2.6C-4.OSi alloy. This is the highest carbon conten1 reLaitled in austenite to date. These high-carbon aus-tenites can be partially tm?zsforttled lo tnartensile hy severe deformation in the temperature range of — 190 to -50°C. TECHNIQUES for splat quenching from the liquid state have been utilized in numerous recent investigations to produce metastable phases in a variety of alloy systems. Among the several ways of splat quenching, the shock-tube method appears to yield the highest cooling rates1-3, 7, 8 and was adopted here. Estimated cooling rates attained in the present experiments ranged from 10' to 10 80Cper sec.' As a part of a research program on interstitial al- loy phases, the Fe-C system was selected for splat-quenching studies. It was hoped that splat quenching would allow high metastable supersaturations of carbon to be retained in solution. Also of considerable interest were the conditions governing the occurrence of the various intermediate phases upon solidification. The alloys investigated included both binary Fe-C compositions as well as six ternary Fe-C-X alloy systems. The known phases in the Fe-C system are summarized in Table I.* Only the ferrite and graphite are ent investigation.14 and is described in detail herein Table II summarizes corresponding data on Fe-N phases, which are also of interest here because of their similarity to the Fe-C phases. EXPERIMENTAL PROCEDURES Alloys were prepared by melting the elements. 99.9 pct purity, in an inert gas nonconsumable electrode arc furnace. The buttons. weighing about 5 g. were remelted twice. were then fragmented. and their interior surfaces were examined for uniformity: if any doubt existed. they were remelted again. Chemical analyses were performed on all the alloys. the accuracy being about k0.05 wt pct. At high temperatures, carbon-containing alloys react with alumina crucibles as follows: If the atmosphere in the splat-quenching furnace does not contain sufficient carbon monoxide the alloy can be depleted of carbon and contaminated with aluminum. Calculations and experimental observations showed that 50 to 100 torr CO partial pressure effectively blocked the above reaction in all the alloys investigated. The splat-quenching equipment in Figs. 1 and 2 provides for evacuation and back-filling with CO-Ar mixtures. The furnace is capable of operation up to 1650°C. and the gettering action of the graphite heating element reduces the oxygen partial pressure in the furnace atmosphere to below 10-5 torr, thus preventing oxidation of the specimens.

Jan 1, 1970

By G. N. Shannon

Keywords: inclusions, slag, modeling, interfacial energy, capillary force, particle flotation, particle separation A previously introduced model of inclusions separating across a steel-slag interface, developed by Nakajima/Okamura and Bouris/Bergeles, is expanded to include different inclusions shapes (octahedral and plate-like, besides spherical) as well as comparison between model ladle-, tundish-, and mold-slags. Investigation of the relation of these shapes with the interfacial capillary force ? which arises due to the dynamic interfacial energy during separation ? has shown that the force has a significant effect on whether the inclusion separates rapidly or settles at the interface. For the slags considered, the most significant physical property is found to be viscosity, which resulted in fast separation times for inclusions in the mold and ladle slags, relative to the more viscous tundish slag. Particle dissolution (using experimental data) is included in separation modeling.

Jan 1, 2005

Advances were made during 19b5 in many phases of a broad program designed to increase efficiency in the mining, preparation, and utilization of coal. Also recorded were achievements in activities devoted to mine health and safety, coal resources, and mine explosives. Featured in this report is a review of progress in environmental studies relating to coal mining and utilization. Environmental projects comprise a comprehensive program to facilitate mine reclamation and reduce air and water pollution associated with extraction and use of coal. Publications cited throughout this report present results of the coal program in greater detail. Organizations, institutions, and companies contributing to the program are listed in appendix A. Centers and laboratories conducting the coal research and related investigations appear in appendix B.

Jan 1, 1966

Advances were made during 19b5 in many phases of a broad program designed to increase efficiency in the mining, preparation, and utilization of coal. Also recorded were achievements in activities devoted to mine health and safety, coal resources, and mine explosives. Featured in this report is a review of progress in environmental studies relating to coal mining and utilization. Environmental projects comprise a comprehensive program to facilitate mine reclamation and reduce air and water pollution associated with extraction and use of coal. Publications cited throughout this report present results of the coal program in greater detail. Organizations, institutions, and companies contributing to the program are listed in appendix A. Centers and laboratories conducting the coal research and related investigations appear in appendix B.

Jan 1, 1966

By Fidelis T. Suorineni

Rockbursts are a major hazard in deep hard rock underground mining and tunneling. To date a significant number of rockbursts still defy conventional explanations. A review of rockburst case histories in the literature has shown that pillars and tabular excavations under shear loading are prone to rockbursting in situations where they are least expected under conventional knowledge of rockburst causes. Despite the evidence of the effects of shear loading on underground infrastructure, and the frequency of their occurrence, little is known about how this loading mechanism causes such large magnitude events and extensive damage. In this paper analytical and numerical modeling are used to understand the behaviour of pillars and tabular excavations under shear loading. The numerical modelling results show that pillars under shear loading are less confined than their equivalents in loaded in pure compression in the same geologic environment, and are therefore more brittle and weak. For tabular excavations under shear loading, the behaviour depends on whether such excavations are continuous, co-planar or offset with rock bridges. Analytical results based on slit theory show releasable potential energy in tabular excavations increases nonlinearly with excavation half-span. The study results are important for the safe and economic extraction of orebodies under shear loading.

May 1, 2011

By T. W. Wloder

During recent studies concerning the effects that various surface treatments, surface imperfections, locked-in residual stresses and metallurgical and geometrical notches have upon the mechanical behaviour of metals and, in particular, upon their tension-bending characteristics under impact loads, it became apparent that specially developed methods and samples would be of great assistance in determining the desired data. This paper describes and discusses a number of different types of double-notched tension-bending impact samples which have been considered and examined for this purpose. The types most suitable for exploratory investigations are proposed for application in the study of the _behaviour of metals, their welds, and, in particular, their surfaces, when subjected to various notch-severities, surface imperfections, strain rates, temperatures, and constrained states of stress (i.e. the relations of the three principal stresses). It is expected that the proposed double-notched tension-bending samples and the proposed test methods will also contribute toward further understanding of the cold brittle behaviour and the notch-sensitivities of metals. The possibilities of introducing the so-called impact notch-sensitivity index and relative impact notch sensitivity of metals are discussed. Data obtained on double-

Jan 1, 1961

By B. A. Wilcox, A. H. Clauer

DURING the course of an investigation on the high-temperature creep behavior of TD Nickel* (Ni + 2) vol pct ThO2), it was observed that the creep fractures were similar in appearance to low-temperature ductile fibrous fractures and creep ruptures by cavitation. Microfractographs of fibrous ruptures are typically characterized by a dimpled appearance, with second-phase particles frequently found near the bottom of the dimples.'-4 These somewhat resemble creep ruptures by cavitation, in that fracture occurs by void formation, with the subsequent growth and final merging of the voids to form a complete fracture.' It is the purpose of this communication to describe the creep fracture of TD nickel and suggest a mechanism for the rupturing process. The discussion is relevant to material crept to fracture in vacuo at a constant stress of 18,000 psi, over the temperature range 900" to ll00°C. The material used in this investigation was 1/2-in.-diam bar stock supplied by Du Pont, contain- ing 2.3 vol pct Tho2. The final fabrication treatment consisted of -95 pct reduction by swaging followed by a 1-hr anneal at 1000°C. Transmission and replica electron microscopy revealed that the material had a fibered structure with a transverse grain size of -1 µ and a longitudinal grain size of 10 to 15 µ. Selected-area diffraction indicated that the fiber axis was parallel to (00l), in agreement with the results of Inman et a1.6 The thoria particle size varied from 80 to 1000Å, with an average size of 400Å, and the mean particle spacing was about 1200Å. The remarkable structural stability7 was confirmed by annealing for 6 hr at 1300°C (about ' 0.9 the absolute melting point). Transmission electron microscopy revealed that the only structural change was a slight decrease in dislocation density. Furthermore, recrystallization or grain growth during creep has not been observed. All specimens were annealed in vacuo at 1300°C for 3 hr prior to creep testing. The following times to rupture were obtained for vacuum creep tests at a constant stress of 18,000 psi: 900°C, 854 hr; 930°C,

Jan 1, 1965

By Osama El-Fiky

There are many types of deep foundations currently being used in the San Francisco Bay Area, one of the most common being driven precast, prestressed concrete (PC/PS) piles. PC/PS piles are frequently selected for use due to of ease of installation, availability, and relatively low cost. Disadvantages of using PC/PS piles are noise, vibrations, pollution, front-end delays due to indicator pile programs, and reduced flexibility. An acceptable alternative to driven PC/PS piles was selected for construction of foundations for the heavy housing and administrative buildings at the San Francisco County Jail #3 replacement project in San Bruno, California. The pile type selected, the Auger Pressure Grouted Displacement (APGD) pile, was chosen to reduce noise, vibrations, installation time, and cost, and to allow for greater flexibility of installed pile lengths. This paper presents a case history of the use of APGD piles that were substituted for driven PC/PS concrete piles for the subject project. Standard and quick loading pile load tests were performed to confirm adherence with the design criteria originally used for the driven PC/PS concrete piles. The APGD piles were found to increase shear strength around the piles similarly to driven displacement piles. In addition, this paper presents the methodology used in monitoring APGD pile installation.

Jan 1, 2002

By F. J. Chernosky

Most previous studies of coal flotation utilized chemically pure reagents. Since such reagents are not available in quantity, a study of various wmmercially available reagents as frothers was undertaken. Flotation procedures similar to those used in a large number of commercial coal flotation plants were employed. The reagents used were compared on yield-selectivity-wst basis. The selectivity was found to be relatively constant with yields above 70% but the reagent cost varied greatly. The types of reagents available were compared. In the past, a number of papers have been written on the use of various reagents as coal flotation frothers. For the most part, these have been an attempt to correlate the intrinsic chemical and physical proper- ties of the reagents or reagent groups to the floata-bility of various fine coals. Because of the type or nature of evaluations made, chemically pure reagents were normally used. Generally, these reagents are unavailable in commercial quantities. Therefore, the results obtained with these reagents were usually limited in usefulness to the plant operator or metallurgist. This paper presents the results of a study in which commercially available forms of various reagents were used as flotation frothers. Flotation procedures which would conform in general to those employed in a large number of commercial coal flotation plants were utilized. The objective of the test was to compare these reagents on yield-selectivity-cost basis, that is, 1) the yields obtained, 2) the ash levels obtained and 3) the reagent cost relating to these results. REAGENTS The reagents employed have been grouped into the following chemical classes: 1) aliphatic alcohols, 2) terpines, 3) glycols (synthetic water-soluble

Jan 1, 1963

By Terry G. Montgomery, Eric S. Weiss, John E. Going, Kenneth L. Cashdollar

The Pittsburgh Research Laboratory (PRL) of the National Institute for Occupational Safety and Health (NIOSH) and the Mine Safety and Health Administration (MSHA) conducted joint research on dust explosions by studying post-explosion dust samples. The samples were collected after full-scale explosions at the PRL Lake Lynn Experimental Mine (LLEM), and after laboratory explosions in the PRL 20-L chamber and the Fike I m3 chamber. The dusts studied included both high- and low-volatile bituminous coals. Low temperature ashing for 24 h at 515 °C was used to measure the incombustible content of the dust before and after the explosions. The data showed that the post-explosion incombustible content was always as high as, or higher than the initial incombustible content. The MSHA alcohol coking test was used to determine the amount of coked dust in the post-explosion samples. The results showed that almost all coal dust that was suspended within the explosion flame produced significant amounts of coke. Measurements of floor dust concentrations after LLEM explosions were compared with the initial dust loadings to determine the transport distance of dust during an explosion. All these data will be useful in future forensic investigations of accidental dust explosions in coal mines, or elsewhere.

By P. D. R. Maltby

"With the narrow vein structure of Nova Scotia gold deposits, selective mining is rarely possible and mill heads will be too low (below 0.10 oz per ton of gold) to support a conventional mill of up to 1000 ton per day capacity at present gold prices. The recent operation of a small 100 t.p.d. mill at Cochrane Hill using fine grinding - leaching - filtration supported this assertion. Milling costs exceeded $25.00/ton of feed mainly due to high capital, labour and maintenance costs.Accordingly, since 1981, efforts have been directed towards the development of a cheap gold extraction process in terms of both capital and operating costs. The main criteria is to produce gold below US $200 per oz including all administration, mining and process stages. This paper describes such a process development for Cochrane Hill. LOCATION AND HISTORY OF THE PROPERTYThe Cochrane Hill property is located about 8 miles North of Sherbrooke, N.S. on highway No. 7. Sherbrooke is about 180 miles east of Halifax. Gold was originally discovered at Cochrane Hill in the 1860's. Early work consisted of trenching. In the 1930's a small shaft was sunk to about 80 feet and some tonnage treated using a stamp mill with gravity concentration of gold.Northumberland Mines Ltd. acquired a 70% interest in the property in 1977. Subsequent drilling indicated a potential zone of gold mineralization with a drill-indicated tonnage of one million tons having a grade of 0.07 ounces per ton of gold (all high assays cut to 1 oz) down to a depth of 300 feet recoverable by open pit mining methods. In broad terms, the goldbearing zone is about 50 feet wide and 800 feet long and dips at about 70°."

Jan 1, 1984

By J. Daniel Bryant

Deformation processing of rapidly solidified powder alloys presents a technical challenge different in several ways from the processing of ingot based alloys. The metastable phases formed during planar flow casting of aluminum alloy 8009 (FVS0812) must be safe-guarded from high temperature excursions during processing to avoid decomposition; this restriction prohibits liquid phase sintering of particles during consolidation. The development of strong particle-particle adhesion, therefore, relies on the imposition of very large strains during forming operations to insure sufficient mechanical meshing of the aluminum particles and break-up of prior particle oxide boundaries. These strains are generally much greater than those required for metallurgical transformations in ingot based alloys. In an attempt to quantify the deformation required to improve interparticle bonding, the finite element method (FEM) was employed. Preliminary results which predict the metal flow and strain distribution in several workpiece configurations are discussed. These predictions are then correlated to measurements made on experimental subscale forgings. Lastly, experimentally measured quantities which reflect the degree of interparticle bondingg are related back to FEM model predictions.

Jan 1, 1992

Resources and reserves are critical inputs into the determination of an operating mineÆs financial results and balance sheets, but how well understood is this fact. Do the investors, directors, accountants and geologists/engineers responsible for preparing or relying on relevant aspects of the end results properly understand the inputs and outputs and the associated risks that may be established. The first step is to understand how financial reports are impacted. The most obvious, and best known, impact is in the calculation of depreciation and amortisation charges against long term assets. In addition, however, there is a requirement to regularly determine whether asset book values are impaired û this is nearly always performed globally by the preparation of a discounted cashflow model for a mine which is usually based on a mine life as determined from the resource and reserve statement û the particular driver here is normally the short and long term production plans. A key aspect of the short term production plan is that it would normally not assume that the reserve and resource statement implies consistent grade, stripping ratios, etc. However, outside of the early years of a plan, more generic assumptions of these variables are often made in conjunction with the reserve and resource statement. Depending on the timeframe of the detailed production plans, this can have a large impact on a projectÆs net present value. Other financial balances that may also be impacted include restoration and rehabilitation provisions, retrenchment provisions and deferred or equalisation stripping accounts. The age old question of whether all reserves should be used or whether some or all of the resources should be included for financial reporting purposes has never been adequately resolved. It is our view that there should be no prescriptive answer to this question but judgement of all professionals involved in the process needs to be included. Furthermore, the company needs to be able to support their conclusions with well thought out and appropriate answers. This may not be in line with the approach that certain accounting standard setters may be proposing or taking, and this paper will outline the current status of global requirement and the likely future directions. Whether reserves or resources are utilised, does not change the key requirement that those preparing or using reserve and resource statements need to understand key aspects. For example: geologists/engineers do they know how reserves or resources will be used? have they imparted information on variability of key drivers such as grade or depth or dilution? do they know that major financial/business altering decisions may be made based on the analysis? accountants do they understand where the numbers have been derived from and the assumptions that may have been made in their determination? do they understand the degree of accuracy (or inaccuracy) that may exist particularly with resources)? do they understand the history of resource reconciliations and what it may mean for the future? directors do they understand the processes undertaken by the company to prepare the financial report and the interaction between the geologists/engineers and accountants? do they understand the potential sensitivity of results to the input variables? Financial reporting is extremely reliant on the use of the reserves and resources, however, the geologists/engineers, accountants and directors do not always understand the interactions between themselves which may lead to misleading public reporting. More education and communication between various parties is needed.

Jan 1, 2002