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By M. S. Greenfield, E. Cocchiarella, S. Chubbs

"At Dofasco sNo.4furnace a variation of the basic oxygen steelmaking process, Klockner Oxygen Bottom Maxhutte (K-OBM), is used to produce steel. Large amounts of hot gases and particulate are evolved during the oxygen blowing phase. A quencher and a venturi scrubber are used to collect over 99.5% of the particulate. In 1990, the authors investigated the effect of foamy slag on the particulate emissions from the furnace. The amount of lime added early in the oxygen blowing cycle was reduced, making the slag more viscous and foamy for a six minute period. Instantaneous particulate emissions were monitored throughout the blow by analyzing quencher and venturi scrubber water samples. Particulate emissions were reduced up to 59% during the foamy slag period.IntroductionThe reduction of the amount of waste generated or control of emissions at source is at the top of the ""3R"" hierarchy of waste management (Reduce, Reuse, Recycle). Process and operating practice changes are often the most economical ways to control emissions. At Dofasco, they investigated the effect of operating practice changes, specifically the formation of a foamy slag, on particulate emissions from steelmaking furnaces. They wanted to determine if a foamy slag changed the quantity and nature of the fume evolved from the K-OBM furnace over the oxygen blowing phase.The Basic Oxygen Steelmaking ProcessesThe basic oxygen steelmaking process (BOP) generates large quantities of very fine metal oxide fume during the production of steel. In this process, scrap steel and molten iron (hot metal) from blast furnaces are charged into a steelmaking furnace. Then pure oxygen is injected and a lime flux added . The oxygen reacts with carbon dissolved in the molten iron to form carbon monoxide. Oxygen lances can have secondary nozzles which introduce oxygen above the bath. This secondary oxygen, known as post-combustion, bums some of the carbon monoxide radiating the heat back to the bath. Particulate and gases rich in carbon monoxide are ejected from the furnace during the oxygen blowing phase and are collected by a gas cleaning system. Typically, more than 99.5010 of the particulate is scrubbed from the gases by high energy venturi scrubbers or electrostatic precipitators. The oxide sludge or dust collected may have elevated zinc and lead which is unsuitable for recycle to blast furnaces. Due to the presence of these undesirable elements, treatment and disposal of steelmaking oxide dust is difficult and costly."

Jan 1, 1993

By Michael L. Free

The hydrometallurgy curriculum for undergraduate students at the University of Utah has evolved to contain a variety of tools to help students understand and apply hydrometallurgy in a context that has industrial relevance. In order for students to perform as engineers in an industrial hydrometallurgy setting, they need to understand thermodynamic and kinetic fundamentals and be able to apply these fundamentals to extraction, concentration, and recovery applications. Students must also understand related environmental, economic, and assessment issues in hydrometallurgy and be able to work with others. In order to meet these needs, the hydrometallurgy curriculum includes a variety of relevant subject information, on-line resources, laboratory experiences, and team work opportunities to help prepare students for careers involving hydrometallurgy. The development and use of these resources will be discussed in this paper.

Jan 1, 2014

By A. G. Pronk, D. M. Burton

"A regional till sampling program in the Upsalquitch Forks-Tetagouche Lakes area, centred some 70km west of the city of Bathurst, has proven an effective method for gold exploration in the heavily glaciated interior of northern New Brunswick. Prospecting activities within this area over the past three years, have led to the discovery of several gold occurences associated with quartz-carbonate alteration in a variety of intrusive rock types emplaced along major fault zonesQuaternary mapping shows that the glacial history is complex. However, the displacement of material is uniform in distance and direction, and the till is generally thin (0.5 m to 2.0 m) and locally derived, making the interpretation of till geochemical patterns relatively simple for the explorationist. Previous studies have shown the the fin e-grained gold is best detected in the -250 mesh (-0.063 mm) till fraction (clay plus silt) and that the C-horizon is the preferred medium for analyses.Samples were collected on a 2 km grid and analyzed f or Cu, Pb, Zn, Au, Ag, As, Sb, Mn, Fe, Ni, Co, and Cd. Results indicate that concentrations of 10 to 20 ppb Au can effectively delineate areas of anomalous gold in bedrock associated with fault structures, and that a good potential for discoveries exists to the west of the known occurrences, where up to 678 ppb A u has been detected in tills. IntroductionThis paper reports on the result s of surficial geological investigations conducted over the past two field seasons in north-central New Brunswick. The stud y area is located in the Upsalquitch Forks-Tetagouche Lakes map area s (N.T.S. 21 0 19 and 21 0 (10) 70 km west of the city of Bathurst (Fig. I). The area is situated on the margin of the New Brunswick Highlands and has a maximum elevation of 640 m (for a detailed description of the physiography, see Rampton et al. 1984).Historically, exploration in northern New Brunswick has concentrated on base metals within the Cambro-Ordovician Tetagouche Group, resulting in the discovery of man y significant massive sulphide deposits (Brunswick No.6 and No. 12, Heath Steele, Caribou, Armstrong Brook, Orvan Brook, McMaster, Murray Brook, and Restigouche). Auriferous base metal occurrences along the Rocky Brook-Millstream Fault have also been previously investigated."

Jan 1, 1988

By Charles G. Kemsley

IN January, 1939, Dome Mines, Limited, purchased a few bars of an alloy drill-steel for the purpose of testing its fatigue resisting qualities as compared with those of a straight carbon-steel then in general use at the mine. A steel of the following analysis was selected: Carbon 1.00% Sulphur 0.022 Chromium 1.26 Silicon 0.17% Phosphorus 0.028 Vanadium 0.1 Manganese 0.32% Molybdenum 0.30 This steel has a tensile strength of 180,000 lb. per square inch and a Brinell hardness of 380, as compared with a tensile strength of 114,000 lb. per square inch and a Brinell hardness of 230 for the standard carbon drill steels, in the as rolled' condition. The result of this test showed that about five times as many runs could be obtained from the alloy steel before failure from fatigue. It was therefore decided to replace gradually the one-inch quarter-octagon carbon steel, then in use, with seven-eighths quarter-octagon alloy steel. In January, 1940, six machines was placed on the seven-eighths steel and this was gradually increased until now (March 15th, 1941) fifty per cent of the steel being used is alloy steel. An O'Donovan furnace is used at the Dome for heat-treating their carbon drill-steel. In this furnace, a magnet withdraws the steel when the critical temperature has been reached, and the operator then places the steel in the quenching tank. Not being able to use this furnace for the alloy steel, the management felt that some means should be developed to determine the quenching temperature without depending upon the operator's judgment of the correct 'colour'. With the assistance of the Canadian General Electric Company, a radiation-type vacuum thermocouple pyrometer was adapted to this purpose, with excellent results; in fact, with this instrument no previous experience in hardening is necessary and results are remarkably uniform.

Jan 1, 1941

By W. G. Worcester

THE chief object in presenting this paper on bentonite is to attract general attention to one of the least known and most neglected industrial minerals of Canada, a mineral of extensive commercial possibilities, as evidenced by its development and exploitation in other countries, principally in the United States and Germany; countries upon which some of our most important Canadian industries are dependent for their supply of special clays, such as Fuller's earth and activated bentonite. It was in view of these conditions and the knowledge of the presence of large quantities of bentonite in the Canadian West that the work here reported on was under-taken. While the investigational studies have not been completed, the results indicate that among the many samples tested there are some of real merit and industrial importance. While it has been the author's privilege to examine deposits and samples of bentonite from all of the Western provinces, his chief activities in the field and in research studies have naturally been confined largely to Saskatchewan materials. Notwithstanding this, however, this paper is presented in the hope that it may stimulate a more general interest in, and study of, Canadian bentonites as a whole, a matter of such importance that provincial boundary lines should be overlooked. GENERAL CHARACTERISTICS OF BENTONITE According to Schurecht and Donda (1), bentonite is commonly composed of the mineral montmorillonite, (Mg,Ca)O.Al203 5SiO2 .nH2O, though some are known to consist of beidellite, Al2O3 3SiO2.nH2O: where n is approximately 4, and in certain cases the Al2O3 may in part be replaced by Fe2O3. For present purposes, however, it may be sufficient to state that, in general, bentonite is a "soapy' clay-like mineral or group of minerals composed largely of hydrous aluminium silicate, but frequently carrying small percentages of the alkalies, alkaline earths, and free silica, as well as silicates, gypsum, and other admixed detritus such that purification is usually necessary.

Jan 1, 1937

By W. R. Tyson

IT HAS BEEN KNOWN for many years that alloy steels can become brittle when tempered in the range of 350-600°C, or cooled slowly after heating to higher temperatures. The metallurgical literature reveals that blacksmiths were aware as early as 1883 that water quenching was necessary after heat treatment above 600°C to avoid brittleness. It has also been known for years that the problem is associated with trace impurities; a paper in the Journal of the Iron and Steel Institute of 1894 refers to the brittle, faceted fractures that occur in steels containing arsenic, phosphorus or sulphur. However, definitive investigation of the mechanism of embrittlement has been possible only within the last decade with the introduction of new experimental techniques to investigate surfaces, especially Auger electron spectroscopy. It is now possible to study in detail the chemistry of surfaces with a resolution of an atomic layer or two, and enormous progress has been made recently in studying the segregation of impurities to grain boundaries by exposing the boundaries by fracture inside the microscope. A clear picture of the processes occurring and their interpretation is now emerging, as was particularly clear at the recent 1977 ASM Materials Science Seminar on Interfacial Segregation held in Chicago in October. Recent research in this area has pointed the way for commercial exploitation of this new knowledge and experimental technology. It is the purpose of this article to trace progress in understanding temper embrittlement and to indicate other areas where control of interfacial segregation and its effects can be important in metallurgical applications.

Jan 1, 1978

By William D. Swank, Prabhat K. Tripathy, Tedd E. Lister, Eric S. Peterson, Delon C. Haggerd

More than half of the primary neodymium, produced directly from ores, is being used to manufacture neo magnets. Neodymium, being a critical element in supply, has attracted considerable interest worldwide to recover this metal from a variety of waste streams. From among different recycling processes, hydriding-dehydriding can prove to be highly effective in recycling discarded neo magnets present in consumer electronics. In the present study, manually removed magnets from discarded Hard Disk Drives (HDDs) were subjected to the hydriding-dehydriding process in order to evaluate the resultant products for the re-fabrication of the magnets. The paper describes the effect of experimental parameters on both the hydriding and dehydriding processes as applied to different magnet chemistries.

Jan 1, 2014

By Lawrence Melis

Fission Uranium Corp.’s Triple R Uranium Deposit at its Patterson Lake South Project is located in northwest Saskatchewan in Canada’s Athabasca Basin. As part of pre-feasibility studies for the project a detailed metallurgical test program was completed to provide process design criteria. The testwork program encompassed preparation and analysis of test composites, comminution testing, uranium acid leaching, liquid-solid separation, solvent extraction of uranium, precipitation of uranium yellowcake products, tailings and effluent treatment, tailings physical and chemical characterization, and environmental testing of prepared tailings, as well as investigations of gold and silver recovery from the mineralization. The paper provides mineralogical information, testwork methodologies and test results which were used to arrive at process design criteria and the selection of the process flowsheet for the project.

Jan 1, 2020

By A. Koning, P. Lauzon

Pressure hydrometallurgy operations require vessels to be lined with an impermeable membrane for corrosion protection and one or more courses of refractory or ceramic brick. Examples of unit operations that utilize composite lining systems include pressure oxidation autoclaves, sulphide precipitation autoclaves, chloride leach reactors, flash vessels, cyclone separators, and direct contact condensers (heater vessels and quench vessels). The refractory lining must satisfy multiple requirements: it must thermally insulate the membrane from process fluid, be structurally stable, provide erosion resistance, be chemically compatible with process fluid, and provide an economic service life. New hydrometallurgical processes are pushing the pressure, and temperature, with each new generation of plants. A fundamental understanding of all factors affecting the mechanical stability of the lining system is essential as lining designs move further away from the industry's experience base. The impact of irreversible chemical swell, operating factors, design factors, and installation factors are presented based on modifications to the traditional one-dimensional mechanical stress model. A new stability criterion - that the brick lining remain in contact with the steel shell membrane - is presented. This new stability criterion imposes new restrictions on the lining design.The effect of geometry and adding additional degrees of freedom to the analysis is explored using two-dimensional and three-dimensional Finite Element Analysis (FEA). The effect of these additional degrees of freedom on the results of the one-dimensional model are discussed.

Jan 1, 2004

By A. Burkert, A. E. Hajj

"An information system has been developed for the use of companies considering developing a new mine which may be liable to secondary sulphide ignitions or by existing operations. The system uses the Comdale X expert system to analyze information about a particular mine. The system will indicate whether the mine is likely to experience ignitions and what precautions can be taken to reduce or prevent their occurrence. The advantage of an information system using expert system and artificial intelligence principles is that it can recommend action when there is an incomplete knowledge of all the system parameters. By interrogation of the user it can determine the state of knowledge and react accordingly. It is considered that such systems could be of significant use in mine planning for new and existing properties, especially where operators have limited expertise regarding secondary sulphide ignitions. IntroductionSulphide ignitions occur in the underground mines of several countries, including Australia, Canada, Finland, South Africa and the United States of America (1·3) and there has been a significant increase in their number and severity over the last decade(2.4). The basic causes of such ignitions are not well understood and man incidents are not reported or documented.Sulphide ignitions can pose a serious threat to the health and safety of mine workers and to the cost and efficiency of the mining operation (1-5). Byberg(6) described the three major problems associated with sulphide ignitions as:1. the force of the initial explosion can endanger workers and equipment;2. the intense heat of the ignition's flame front can endanger workers and equipment and may also ignite combustible material resulting in mine fires; and3. the sulphur dioxide produced by the ignition may be of such quantity and concentration to endanger workers, as was tragically demonstrated at Geco. In this incident in October 1985, a worker was killed at a position 2400 metres from the ignition point of a sulphide ignition at Manitouwadge, Ontario."

Jan 1, 1994

By L. Yuan, J. H. Rowland, R. A. Thomas, D. Bahrami, G. P. Cole

"The past several decades have seen a steady increase in the use of atmospheric monitoring systems (AMS) in underground mines as sensor technology has advanced and costs for this technology have decreased. The AMS is a reliable tool for early mine fire warning by detecting gaseous products of combustion in underground mines. During a mine fire emergency, mine decision makers rely heavily on the prompt and accurate knowledge of the ventilation and fire situation in the mine, such as fire location, fire size, and the spread of smoke to make effective and efficient decisions on firefighting strategies and miner evacuation. Meanwhile, a prediction of the potential for fire development at a later time, such as whether the currently designated mine escapeways will be contaminated by smoke and toxic gases with the progress of the fire, is critical for effective decision-making to save lives that are in danger. The AMS monitoring data, including carbon monoxide (CO) concentration, airflow rate, smoke, etc., can provide information as to whether the smoke has reached the locations where AMS sensors are installed and if a mine-wide smoke spread has occurred. The National Institute for Occupational Safety and Health (NIOSH) has undertaken a task to integrate real-time AMS monitoring data with the mine fire simulation program, MFIRE, to simulate and predict the spread of smoke and toxic gas in a ventilation network based on the real-time AMS data. This paper reports the developed real-time method for characterizing the size and location of an underground mine fire and for predicting the spread of contaminants throughout the mine ventilation network using sensor data from the AMS.INTRODUCTIONNIOSH conducts research to develop workplace solutions to improve detection of and reduce the risk of hazardous conditions in underground mines. The advancement of senor technology and the increasing demand for real-time mine parameters monitoring have led to extended applications of atmospheric monitoring systems (AMS) in underground mines worldwide. In the United States, AMS is primarily used for early mine fire warning by detecting carbon monoxide (CO) in fire hazard areas, such as belt entries. Mine fires can grow rapidly, and time is the critical element. Prompt detection, timely and accurate warnings to those miners potentially affected, and a proficient response by underground miners can have a tremendous impact on the social and economic consequence of a small underground mine fire (Conti et al., 2005). The early detection of a mine fire could gain time for the first responders to put out the fire before it develops into a disaster. An AMS system with CO sensors has especially played an important role in the early detection of mine fires. The continuous monitoring of an underground mine atmosphere with an AMS could generate a large amount of data in a mine fire event. However, the current application of AMS is mainly limited to sending out an alarm when monitored CO concentration exceeds a certain level. An opportunity arises as to whether these data can be further used in fire emergency response. In order to make effective decisions on firefighting strategies, mine workers’ seeking refuges, evacuation and escape, and the timing on when to send rescuers, decision makers need accurate and timely knowledge of the ventilation and fire situation in the mine. Information about the fire intensity, where in the mine the smoke and toxic gases have spread, and whether designated mine escapeways have been compromised by smoke and toxic gases from the fire would greatly increase the effectiveness of these decisions. However, the monitored AMS data only provides atmospheric conditions in the vicinity of sensor locations. What is concluded from the monitored AMS data highly depends on the decision makers’ capability and experience. Predictive insight into fire growth and smoke transport would greatly help decision makers during a fire emergency."

Jan 1, 2019

By H. Watari

In 1998, a voluntary agreement was reached between the European Commission and the European Car Manufacturers Association (ACEA) to reduce average carbon dioxide emissions of new cars to 25% below 1995 levels by 2008, Agreements have also been reached between the European Commission and the Japanese Automobile Manufacturers Association (JAMA) and the Korean Automobile Manufacturers Association (KAMA), However, the target average of carbon dioxide emissions of less than 140g/km in 2008 is a very challenging goal, Therefore, total product weight reduction is an objective for many manufacturers, This can be achieved utilizing materials possessing high strength and low weight, One material that has recently attracted interest is magnesium alloys, The magnesium alloys are expected to play an important role as next-generation materials, which have possibilities of contributing to lighten the total product weight when magnesium products can be used to replace aluminum and mild steel products.

Jan 1, 2005

By E. V. Manlapig, M. A. Hampton, M. E. Holuszko

Methanol treatment of ZnS particles has been found to remove slimes and facilitate flotation. The removal of slimes renders the ZnS surface more hydrophobic, resulting in an increase in the hydrophobic attractive force between the particle and bubble. Hallimond tube flotation, induction time measurement and particle-bubble force analysis with the atomic force microscope (AFM) was undertaken to link the beneficial effect of methanol treatment of ZnS particles to their increased floatability.

Jan 1, 2009

By M. H. Colebrook

Nickel laterites contain about 70% of all continental or terrestrial nickel resources; therefore the recovery of nickel from lateritic ores has large economic significance. The processing of lateritic ores involves the preparation and movement of concentrated aqueous suspensions. However due to complex characteristics and non-Newtonian properties, ranging from shear-thinning to shear-thickening and from thixotropic to rheopectic, a basic understanding of the flow behaviour must be developed. This understanding will assist in the development of new plants and the operation of existing plants. The work in this paper involves the characterization of three ore types from the Vermelho ore deposit to categorize them as rheologically simple to complex. Rheological testing was also conducted on pure mineral samples that represent the main minerals in these samples. The results show that the rheological properties of the ore types can be related to the surface properties and physical characteristics of the main mineral constituents.

Jan 1, 2006

The cost benefits of controlling dilution of extracted ore have been very well understood by miners and mining professionals for many years. However, as we strive towards more mechanization, the dilution factor has been compromised in order to fit ?equipment? that is better suited to provide improved safety and productivity. Alternately, the drilling and ground support is accomplished by handheld drilling. In 2007, a short study, commissioned by CAMIRO (Canadian Mining Industry Research Organization) on the safety of hand held drilling vs. mechanized drilling, concluded that the risk of injury with handheld drills was seven times greater than with mechanized drills. Armed with this data, MEDATech Engineering proposed to the CAMIRO group to fund development of a ?MICRO Bolter?.

May 1, 2009

By R A. Stevenson

The purpose of this paper is to outline a recent development in ground fault protection. The paper deals with the A problems of both grounded and ungrounded systems, with regard to hazards to personnel and equipment, and shows that the increased sensitivity and speed of operation of this new detector results in increased safety to personnel and reduced stresses on equipment, and permits the detection of leakage currents before they become serious faults. The detector can be applied to all distribution systems, either A.C. or D.C., up to 15 kv., and the detector itself can be tested at regular intervals without interrupting line circuits. T HERE is always controversy among engineers as to whether distribution systems should be grounded or ungrounded. There are many experi-enced engineers on both sides of this controversy, and each have valid reasons for their choice

Jan 1, 1964

By Liu Yulin, Zhao Yi, Tan Qi, Liu Lei

"Hydrotalcite is one kind of layered double hydroxides, and has special crystal chemical characteristics. Due to its good thermal stability, hydrotalcite used as the PVC heat stablier has attracted scientists’ attention. In this study, nano-hydrotalcite was synthesized by the method of mechanochemistry/crystallization, using brucite, Al(OH)3 and Na2CO3 as raw materials, and added into PVC to investigate the effect of hydrotalcite on thermal stability of composites. The synthesis mechanism was suggested by virtue of XRD, FE-SEM, FT-IR. It has been indicated that at the first of dry milling process, the parical sizes of brucite and Al(OH)3 decrease, while specific surface areas of them increase by the action of mechanical force, until produced amorphous particles. In the process of wet milling, metal ions in the amorphous body, which has high surface energy, can easily react with H2O, and produce the precursor of Mg6Al2(OH)18•4.5H2O, which has the same crystal structure as hydrotalcite. Under the hydrothermal condition, anions of OH- in the interlamination of precursor are exchanged by CO32- in the solution and nano-hydrotalcite is generated at last. The thermal stability was characterized by Congo red method. The results have revealed that hydrotalcite is one kind of long-term heat stabilizer, and residual stability time increase with the rise of added hydrotalcite amounts.INTRODUCTIONHydrotalcite, one kind of anionic clays, has been attracted a great interest for researchers because of their unexpected physical and chemical properties. The general formula is Mg6Al2(OH)16CO3·4H2O, where Mg2+ and Al3+ occupy octahedral positions in the brucite-like layers, and CO32- is an interlayer anion (Hoyo, 2007). Hydrotalcite is widely used in the fields of chemical engineering, materials engineering, environmental protection, medicine, and so forth, owing to its unique capability of adsorbability, ion exchange and thermal stability (Rozov, Berner, & Taviot-Gueho, 2010; Iwasaki, Yoshii, & Nakamura, 2012; Ay, Zümreoglu-Karan, & Temel, 2011; Cavani, Trifiro, & Vaccari, 1991; Li & Duan, 2005; Lin, Wang, & Evans, 2006). As a result, the study on synthesis and application of hydrotalcite has received considerable attentions."

Jan 1, 2016

By G. J. Arseneau

Mineral resource statements are reported as tonnage and grades. While great care is placed on generating a reliable estimation of grade, the determination of bulk density for resource estimation is often overlooked. Often mineral resource statements are prepared using a simple average value of bulk density. While a simple average estimate of bulk density can be appropriate for some deposit types, an over simplistic estimation of bulk density can result in serious errors in tonnage estimates and consequently to an over or under estimation of metal content. The construction of a reliable bulk density model requires an adequate bulk density database in order to develop a good understanding of the variability of bulk density with grade and geology. A reliable bulk density database is also essential in determining the appropriate modeling technique to minimize the errors in mineral resource statements caused by incorrect bulk density determinations. This paper summarizes bulk density measuring techniques and draws on examples from various deposit types examining the basic principles of bulk density modeling and domain construction for each deposit type. Examples are presented of simple bulk density domains and more complex grade variable bulk density domains with a discussion of best approaches for minimizing errors in density estimation.

Aug 1, 2013

By M. Maleki-Moghaddam

At the concentration plant of the Gol-E-Gohar Iron Ore Company (Iran) three 9 m × 2.05 m AG mills (fixed speed) are used in parallel in a dry operation. The performance of AG mills has been lower than the target value indicated by an increase in the product size (P80) from 450 µm (target) to 515 µm and low power draw (50% of nominal). By simulation it was found that increasing the liner lifter face angle from 7 to 30o while keeping the original lifter height (i.e., 22.5 cm) could provide an appropriate charge trajectory. When the proposed liners installed in one of the AG mills, the throughput increased by 27%; when 5% (v/v) balls were added the throughput increased by 40%. The product size also decreased from 515 to 501 µm.

Jan 1, 2012

By Andrew Bamber

A fast and objective spreadsheet-based model for the financial evaluation of innovative mining and processing strategies such as pre-concentration vs. a conventional base case is presented. The size and grade of the deposit must be chosen, from which a mining rate is selected. Expected operational data for the deposit as well as any mill testwork and results from the pre-concentration testwork are entered as input variables on the sheet, and cost and revenue impacts are calculated in the ?Output? sheet. A capital sum and operating costs for the initial mine and mill development as well as the pre-concentration facility are calculated. The net changes in capital and operating costs are calculated, and impacts on revenue through changes in metal recovery are also calculated. These outputs are used to calculate the overall impact on the cutoff grade and thus the size of the mineral reserve using a generic grade-tonnage model. The NPV and NPV profile of the two scenarios is calculated, with variations in basic parameters such as operating cost, capital requirements, metal price or grade as well as discount rate. Cost and revenue impacts are evaluated and compared to the baseline to establish a positive or negative impact overall. Different scenarios of grade, tonnage, mining rate, process performance, capital and operating cost structure can be explored using the model. Outcomes projected by the model for case studies conducted thus far have been calibrated against internal estimates by the sponsoring organizations and found to be accurate to within 30%, confirming the utility of the model in practice.

Oct 1, 2009