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By T. Dlokweni, M. Bester, C. Koegelenberg, I. Basson

Certain degrees of safety, economic, and financial risk are implicit in any mining operation. At Thabazimbi Mine, slope stability was one of the major sources of risk, largely due to data uncertainties. Consequently, a risk-based approach in slope design was followed. On 6 June 2015, a slope failure occurred in Thabazimbi Mine’s Kumba pit, involving approximately 65 million tonnes of rock failing into the pit and the valley below. Although the failed mass moved rapidly and resulted in a run-out distance of approximately 900 m, controls had been put in place to successfully evacuate all personnel. Risk assessment during the onset of failure supported the decision to not compromise the safety of personnel in any way, leading to unavoidable equipment loss. This contribution presents the failure as a case study in the context of a risk-based approach to slope design as well as the importance of implementing geotechnical controls to effectively manage slope instability risk. Furthermore, a comprehensive back-analysis was performed, on a fully constrained 3D model, utilising 3DEC software, to gain insights into the failure mechanism. In conclusion, lessons from the Thabazimbi slope failure are valuable as they demonstrate the importance of following a risk-based approach in slope design to effectively manage safety and financial risk in open pit mines.

Sep 1, 2025

By A. M. Garbers-Craig, T. Coetsee, T. M. Nemavhola

Accretions often form in furnaces when slag and charge materials attach to the refractory wall and build up over time. Accretion formation is usually unwanted because it reduces the working volume of the reactor and hinders material flow through the reactor. However, in some instances a thin, stable accretion layer may be desirable to protect the underlying refractory material. In order to prevent and/or manage accretion formation, it is important to understand the underlying principles of this phenomenon in the particular reactor. Excessive accretion formation hampered production at the Exxaro FerroAlloys ferrosilicon melting and atomization plant. This plant uses induction furnaces in which a 15% silicon-iron alloy is produced by batch smelting a mixture of ferrosilicon of 75%Si grade and low-carbon steel. The molten ferrosilicon alloy is then gas-atomized to a powdered product for use as a dense medium in mineral processing plants. The objective of this study was to investigate the effect of different impurity levels in the ferrosilicon feed material on the extent of accretion formation as well as the effect on the accretion properties, which influence the ease of accretion removal upon furnace shut-down. Refractory and accretion samples were collected after a furnace shut-down and characterized using X-ray diffraction and scanning electron microscopy–energy dispersive spectroscopy. It was concluded that the trace elements in the FeSi-75 feed material (Al, Ca, Mn) were mostly responsible for accretion formation, but that rust on the low-carbon steel and oxidation of the steel contributed to accretion attachment to the lining. The total contaminant content, calcium to aluminium ratio in the FeSi-75 feed material, and thereby the liquid to solids ratio in the accretion at temperature determine the strength of attachment as well as growth of the accretion.

Feb 2, 2021

By T. Chikande

"Falls of ground pose costly hazards to personnel and equipment and thus measures should be taken to prevent them. This study endeavours to improve the support systems used in geotechnically poor ground at a Zimbabwean platinum mine by analysing the status quo and recommending an effective support system. Various techniques were used to determine the quality of ground conditions, predict the rock mass behaviour, and to identify the appropriate rockbolt type. An analysis of the current ground control methods and their limitations was also undertaken.The results showed that the current support system and mining practices in poor ground need to be modified to improve safety and productivity. Stoping overbreak is influenced by poor ground conditions and the explosives currently used. The use of emulsion is recommended to replace ANFO. Redesigning of pillars is also recommended in poor ground conditions. An evaluation of the current roofbolt system indicated an opportunity for improvement. With new insight on the performance of the shorter length roofbolts currently in use, a new support system was recommended taking into consideration cost-benefit analysis. Barring down using pinch bars in poor ground was seen as a risky and time-consuming exercise, hence the use of mechanical scalers is recommended to achieve zero harm and to meet production targets. Smoothwall blasting is recommended in poor ground to minimize excavation damage. Other recommendations include the use of hydrological surveys to determine groundwater levels and implement corrective measures. Both empirical and numerical modelling approaches need to be utilized in determining the optimum support. IntroductionThe presence of geological discontinuities such as faults and joints weakens the rock mass. Adequate support is critical in achieving zero harm in underground mines. This paper reviews the current support systems used in poor ground conditions at a Zimbabwean platinum mine. The area of research is located on the Great Dyke of Zimbabwe. The mine exploits platinum group elements (PGEs) and base metals. It is shallow, having a maximum depth of less than 300 m. The Great Dyke is the second largest reserve of PGEs, following the South African Bushveld Complex (Oberthur et al., 2012). It is a linear layered intrusion that extends for about 550 km with a maximum width of 11 km (Prendergast, 1989). The generalized section of the Great Dyke is almost like a trumpet, comprising layers that dip towards the centre. The reef exploited at the mine, the Mineralised Sulphide Zone (MSZ), is located in the pyroxenite layer, which is hosted in the ultramafic sequence. The MSZ is a uniform layer about 2– 3.5 m thick, dipping at around 10–14° from surface outcrop towards the axis of the basin, and located between bronzite and websterite horizons. The visible disseminated sulphide mineralization shows a typical and consistent vertical distribution of platinum group metal (PGM) and base metal values. The research was undertaken to review the current support systems used in geotechnically poor ground conditions in a bid to improve both safety and productivity."

Jan 1, 2016

By C. Hsu

Underground coal gasification (UCG) is becoming more popular as the reserves of good quality, mineable coal are starting to diminish, and yet the global energy demand from coal is still increasing. The purpose of this research project was to investigate cavity formation within a coal block due to the combustion reactions in the context of UCG. The cavity plays a pivotal role in the UCG process, as it is essentially the gasification reactor. Cavity formation in an in situ gasification process using the forward combustion linking method (FCL) had been investigated, and a laboratory model was created to simulate the process. The experiment was performed by drilling a U-shaped tunnel into a coal block, which was then combusted internally with air that was fed through an injection hole. A heating element (at approximately 500°C) was used to supply the required heat for combustion at the base of the injection well. The coal blocks were analysed using micro-focus X-ray tomography. The tomography results showed that the coal tended to crack along the bedding plane after a short duration of combustion, due to either the formation of clinker or the expansion of swelling vitrinite along the horizontal tunnel. The deposit was thicker at the base of the injection well compared to the base of the production well; this may have been caused by the turbulence of the air flow and the relatively high oxygen concentration at the base of the injection well. A comparison of the results with work by Daggupati et al. (2010) showed the same trend, despite the slightly different methodology applied.

Jan 1, 2014

By A. Ennen, R. Wagner, B. Orberger, J. -M. Milazzo, N. Uhlmann, J. Banchet, J. Lucic, N. Wörlein, M. Firsching, J. L. Dubos, C. Bauer

The residues from mining and processing ores can often be considered as secondary raw materials. However, the material is only available in the form of fine particles (< 3 mm). In order to recycle these wastes, it is necessary to agglomerate it for transportation prior to reprocessing. The resulting agglomerates need to mechanically resist the stress of transportation and loading into the furnace. X-ray computed tomography (CT) is an established method for characterisation of internal structures in material science. This non-destructive technique can provide information on size and distribution of particles and grains. However, the information is not limited to the size, but also can yield structural features like orientation and position of cracks and fractures, which are important features indicating potential for deteriorating the agglomerates. Furthermore, deduced features such as contact conditions of inclusions or boundary surfaces can also be calculated. We studied binder-free tablets of manganese-oxyhydroxide, bentonite, kaolinite and slag powder using micro-CT. Inclusions of highly absorbing particles were identified using a watershed transformation with automatic segmentation by Otsu thresholding. Subsequently, the resulting data was analysed regarding their volume percentage, distribution in size and location within the sample. For the slag agglomerates, the volume fraction of iron could be determined. Furthermore, visible cracks were investigated with the goal to determine the long-term durability. It was shown that the data provided by micro-CT is reliable and helpful for the characterisation of industrial waste agglomerates. Keywords: X-ray, computed tomography, micro-CT, agglomerates, manganese fines, slags, kaolinite, bentonite

Jan 1, 2020

By L. Roux

The initial evaluation of a coal deposit often raises uncertainty with regard to the accuracy of the reported Resources and Reserves. Reconciliation of results from mining and beneficiation with the original raw field data highlights deficiencies in original estimations. Credible Resource and Reserve estimation forms the basis on which an entire mining enterprise is motivated, initiated, funded, and established as a commercially viable proposition. This is required for sustainable extraction purposes and to support vital downstream industries such as power generation. Accurate determination of the density of the matrix of the material being evaluated is the key to credible values being obtained for Resources and Reserves. Losses between 15% and 20% of the Resource/Reserve can be realized if incorrect densities are applied to the tonnage derivation. Coal plies and particles have different relative densities, determined by the maceral composition, rank, and mineral and moisture content. These factors in turn contribute to the moisture, volatile matter, ash and carbon contents of a coal, which affect the overall density of the raw coal. More specifically, the relationship of ash to density and the effective matrix porosity were found to be critical in solving the greater majority of the problems in predictive calculations. A major deficiency identified is the inability to determine effective porosity, allowing absorption of adventitious moisture and altering the mass of the core sample. Although the volume of the raw material is altered through crushing, the change in mass after controlled air-drying, used with the original geometrical volume of the raw material, provides a credible air-dry density and allows the determination of the volumetric change related to effective porosity. This parameter can be validated through the evaluation of proximate ash using the ash-adjusted algorithm and a correction for the inherent moisture applied to also give a credible relative density value for an air-dried sample. A combination of theoretical, empirical, and reconciliatory evaluations of the available data, taken from the exploration phase through the mining process to final production, has shown that an integrated approach using the ash-adjusted density (AAD) methodology, in conjunction with other evaluative techniques, provides credible results with a considerably higher degree of accuracy than is currently possible.

May 1, 2021

By I. Çinar

Cappadocia is not only a region of Turkey with historical and touristic importance. During the cutting and processing of volcanic tuff, quarries in this region release large amounts of tuff into the environment that is viewed as waste. The release of this waste constitutes an economic loss and contributes to environmental pollution. However, through experimentation with deformation, weight per unit of volume, water absorption, uniaxial compression strength, modulus of elasticity, and point load strength index, volcanic tuff and marble dust composite materials can be produced for use in the building sector. In this study it was observed that, as the percentage of volcanic tuff dust in the mixture increased, the water absorption rate of the material increased, and uniaxial compression strength and point load strength decreased. The produced composite samples used in this study were kept for a predetermined number of times per day, and no deformation in the surface characteristics of the materials was observed. In a statistical parameter analysis, averages, variances, standard deviations, coefficients of variation, and skewness coefficients were calculated. Covariance changes between experimental parameters were also determined. In this study, two types of volcanic tuff dust, that is, yellow and red, were produced during the production of tuff-marble dust composite material. When the percentage of either type of volcanic tuff dust was increased, an increase in water absorption was observed. It was also observed that when the percentage of volcanic tuff dust was increased, uniaxial compressive strength and point load strength decreased. Furthermore, the physical and mechanical properties of the materials obtained by mixing different colored tuff powders and marble powders in different proportions were evaluated using statistical parameter analysis.

Mar 5, 2025

By M. Buchmann, T. Mütze, F. Heinicke

Dry air classification is a well-known technique used for decades in the cement industry to separate material in the size range of 0.01-1.0 mm. Additionally, in corresponding dry grinding circuits with effective machines such as High Pressure Grinding Rolls (HPGR), the energy consumption can be reduced compared to wet applications. These dry systems are not state of the art in minerals processing plants, but first prototypes have been installed and an increasing number of projects are starting to evaluate this option. One challenge in this field is the mineral composition of ores, which have, by far, a higher variety in density and size than those of cement. High density particles such as iron- containing ones have higher settling rates than low density silica particles of the same size. The main question to answer in this paper is how to evaluate this effect, so a quantitative method using Mineral Liberation Analyses was developed to calculate two-dimensional partition curves. Additional statistical analyses allow for isolation and quantifying the interaction of density and size, enabling engineers to consider this effect for the sizing of process plants. The paper will present the method and selective results for a compounded ore of iron and silica. Keywords: HPGR, air classification, partition curve, MLA

Jan 1, 2020

By L. Ntlhakana, K. Khoza-Shangase, G. Nelson, I. Maposa

Occupational noise-induced hearing loss (ONIHL) is associated with various risk factors in South African mines. We investigated the association between standard threshold shifts (STSs) and exposure to noise and platinum mine dust (PMD), using demographic data, five years of annual audiometry screening results, and noise and dust exposure data. Miners’ age, sex, percentage hearing loss (PLH), and dust and noise exposure data were gathered, and a linear mixed effects regression model used to predict STS. Average occupational exposure levels to noise and dust were calculated from recorded measurements. A total of 12 692 records were analysed. Most miners were male (89.6%) and more than 50% were younger than 41 years. More than 70% were exposed to > 85 dBA noise and 58% were exposed to 1.5–2.99 mg/m3 PMD. Changes in hearing levels ranged from 8.3 dBHL at baseline (2014/2015) to 10 dBHL in 2016 (STS), with no changes thereafter. The model showed that the estimated effect on STS for males was 27% and 21% higher than for females, for the left and right ear, respectively The estimated effect of age, PLH, noise exposure and years of exposure on STS was < 10% for each variable. There was no statistically significant association between PMD and STS. The combined effects of age, sex, years of exposure to noise, and noise exposure levels, and strength of associations can be used to predict STS for this group of miners. Our findings may be used to measure the efficacy of the mine’s hearing conservation programme.

Aug 1, 2021

By T. Uysal

The increasing demand for rare earth elements (REE) in highly strategic sectors such as hybrid electric vehicles, renewable energy, communication technologies, and the defense industry has made REE production methods important. In recent years, studies on REE have increased rapidly; however there are many studies on REE, there are not enough studies in the literature on the economics of the beneficiation process. RE ores are generally leached after beneficiation by gravity, magnetic and flotation methods. In this study, direct leaching, attrition scrubbing and leaching, and flotation and leaching methods are evaluated economically based on the data for the Mountain Pass (MP) facility. According to the sensitivity analysis performed as a function of capital cost (CAPEX), operating cost (OPEX), and rare earths oxides (REO) recovery, REO recovery has the biggest effect on the process economies. Although the flotation method entails additional investment and operating costs, transportation and operating costs are significantly reduced result of the higher grade and recovery. The flotation method is more profitable, with larger NPV and IRR values and a shorter payback period.

Jul 2, 2022

By M. A. Mahboob, T. Celik, B. Genc

Mineral Resources estimation plays a crucial role in the profitability of the future of mining operations. The conventional geostatistical methods used for grade estimation require expertise, understanding and knowledge of the spatial statistics, resource modelling, geology, mining engineering as well as clean validated data to build accurate block models. However, the geostatistical models are sensitive to changes in data and would have to be rebuilt on newly acquired data with different characteristics, which has proved to be a time-consuming process. Machine learning methods have in recent years been proposed as an alternative to the geostatistical methods to alleviate the problems these might suffer from in Mineral Resource estimation. In this paper, a systematic literature review of machine learning methods used in Mineral Resource estimation is presented. This has been conducted on such studies published during the period 1990 to 2019. The types, performances, and capabilities, of several machine learning methods have been evaluated and compared against each other, and against the conventional geostatistical methods. The results, based on 31 research studies, show that the machine learningbased methods have outperformed the conventional grade estimation modelling methods. The review also shows there is active research on applying machine learning to grade estimation from exploration through to exploitation. Further improvements can be expected if advanced machine learning techniques are to be used.

Nov 30, 2022

By Z. Xingrong, L. Jiongtian, Z. Yangge, C. Yijun, L. Liang, H. Yangjia, H. Long

In this present research, a polymer poly (acrylamide-allyl thiourea) (PAM-ATU) with an average molecular weight 1.66 × 104 g/mol was used as a depressant in the flotation separation of molybdenite from chalcopyrite and galena. The micro-flotation experimental results showed that PAM-ATU exhibited a strong influence on the flotation performances of chalcopyrite and galena, but had little effect on that of molybdenite within a pH range of 9.0~11.0 at a dosage of lower than 6.0 mg/L. The flotation results of bulk flotation tests illustrated that PAM-ATU showed a stronger depression power than sodium thioglycollate (TGA) and sodium sulfide. The comparison results demonstrated that PAM-ATU and TGA had an advantage in reducing galena and chalcopyrite impurities in the molybdenum concentrate, respectively. With the combination of PAM-ATU and TGA, a good flotation separation result was achieved through one roughing operation where the recovery of molybdenum in the froth product was over 75.0%, while the recovery of copper and lead were less than 22.0% and 15.0%, individually. It was also found that a molybdenum concentrate with Mo grade of 46.32%, Cu grade of 0.16%, Pb grade of 0.06%, was obtained by a closed circuit flotation flowsheet of one roughing-three scavenging-five cleaning with a Mo recovery of 77.67%. Keywords: PAM-ATU, molybdenite, depressant, chalcopyrite, galena

Jan 1, 2020

By E. Matinde

Human beings have been dependent on metals and alloys for livelihoods since time immemorial. In fact, there is irrefutable evidence that successful ancient civilizations achieved supremacy over their environments through the mastery of metals and alloys (Miller, 1995; Mtetwa, 2022). Over time, metals and alloys have evolved to become ubiquitous engineering materials indispensable to mankind, with applications in industrial and residential infrastructure, agriculture, energy generation and storage, transportation and communication systems, and manufacturing, among others (Elshkaki et al., 2018; Watari et al., 2021). Population growth, technological developments, and increase in urbanization and industrialization are all intricately linked to the intensity of use of metals and alloys. With up to 5 billion people estimated to live in urban areas by 2030 (Armstrong, 2009), the demand for metals and alloys will inevitably increase in order to satisfy the increased demand for infrastructure, machinery, and other human needs (Elshkaki et al., 2018; Watari et al., 2021). According to LePan (2022), urbanization and growth of mega-cities will increase the demand for metals and alloys, such as nickel, steel, aluminium, and copper by 116%, 50%, 57%, and 26%, respectively, between 2019 and 2035. Naturally, the production of metals and alloys from natural ores, secondary resources, and/or a combination of both, to meet this increased demand will invariably lead to the increase in generation of deleterious emissions in the form of wastes. In fact, mining and metallurgical wastes currently constitute the world’s largest anthropogenic streams by mass, often containing a high concentration of elements and compounds that can cause potential damage to natural ecosystems and humans (Hudson-Edwards et al., 2011; Lottermoser, 2011; Matinde et al., 2018; Seetharaman et al., 2022). Obviously, society’s heavy reliance on new mineral resources to drive the emerging energy transition entails that the legacy of these waste streams will continue unabated for the near-foreseeable future. The scarcity of high-grade mineral reserves, coupled with deliberate efforts to solve the anthropogenic circularity conundrum, therefore introduces a high level of urgency in the metal extraction industry to develop nascent and more eco-friendly processes and technologies. Integrating circular economy principles based on intentional configurations of circular industrial ecosystems in order to maintain the value of materials and resources in the economy for as long as possible is widely accepted as a practical approach to mitigating the negative externalities imposed by

Sep 1, 2024

By F. P. A. Robinson, C. R. Thomas

Stress-corrosion studies on materials used for surgical implants * by C. R. THOMAS and F. P. A. ROBINSON Samples of Vitallium (a cobalt-chromium alloy), 316L stainless steel, and titanium T318 were subjected to the boiling magnesium chloride test so thattheir susceptibility to stress-corrosion cracking could be determined, and their behaviour under service conditions was then assessed. Stress-corrosion cracking was confined to the stainless-steel samples, while gross pitting was detected in the samples of forged Vitallium. It was concluded that the use of stainless steel should be avoided for long-term surgical implants. Surface imperfections on the stainless steel are generally the cause of pitting, from which stress-corrosion cracks are sometimes propagated.

Jan 11, 1976

By B. Genc, P. Malepfane

This study proposes a new approach to reduce the environmental impact during surface mining by improving environmental factors through the incorporation of carbon footprint into strategic mine planning. Two key variables were analysed by contrasting and comparing the baseline and optimised models generated. These variables include net present value, which helps determine the financial feasibility of the mining models and their carbon emissions. The variables were analysed by using linear regression, Spearman’s correlation, a P-value hypothesis, and an exponential decay test. Results show that at Mine A the projected net present value was 62% higher than when running a baseline model. Furthermore, the net present value from the baseline model portrayed a high rate of decay at 0.667 versus 0.118 from the optimised model. This indicates the baseline model’s sensitivity to long-term project timelines and fluctuating markets. The optimised method presents an opportunity to manage emissions during the high operational costs phases. It is represented by a 31% improvement in carbon emissions during the periods of high operational costs, whilst maintaining a positive net present value when compared with the baseline model. It was shown that the optimised model presents a better chance of achieving financial feasibility and balancing environmental impact, thereby ensuring that Mine A can align with the environmental aspect of economic, social, and governance principles through lowering the carbon footprint resulting from its hauling operations.

Jan 30, 2026

By O. S. L. Bruinsma, M. J. Matsela, D. J. van der Westhuizen

The free ligand (FL) model is an intuitive model to calculate the equilibrium concentrations in solvent extraction (SX) based on the distribution coefficient (Kd) at infinite dilution and the fraction of free ligand available for extraction. In this work, the FL model is validated to account for co-extraction of Ni and for designing the extraction and scrubbing sections of Co/Ni separation in a base metal refinery. Cyanex 272 is employed as a selective Co extractant in the process to yield high purity Ni. To enhance the loading capacity of the extractant, 50 mol% of NaOH is pre-loaded into it. Experimental and FL modelling results show that four equilibrium stages are required to purify the 99% Ni feed to a 99.97% Ni raffinate. The 53.59% co-extract with 26.76% free ligand is purified with a reflux scrub of 30 g Co/L in one equilibrium stage to 99.01%, Co in the scrubbed extract. The FL model as well as the Co/Ni/Na-analysis of the aqueous phase confirm that in the scrubbing section, Ni in the extract is mainly replaced by Co. Finally, in the one stage stripper the Co concentration in the scrubbed extract is increased from 5.6 g Co/L in the extract to 30.5 g Co/L that is partially used as reflux scrub liquor.

Dec 11, 2024

By A. N. Brown

The Eighteenth International Symposium on the Appli¬cation of Computers and Mathematics in the Mineral Industries was held in London from 26th to 30th March, 1984. The Symposium was organized by the Institution of Mining and Metallurgy under the leadership of Mr M.J. Cahalan, Chairman of the Organizing Committee. The venue chosen was the Royal School of Mines, Imperial College of Science and Technology, in South Kensington. Some 300 delegates from all parts of the world attended, which included a delegation from South Africa that numbered about 20 persons. This extremely successful series of international meet¬ings was begun in 1961 in Tucson, Arizona, and has grown in strength and importance over the years. The arrange¬ment of the symposia is regulated by the International Council for APCOM under the Chairmanship of Professor R.V. Ramani (U.S.A.), the other current members being Professor J. Elbrond (Canada), Dr Thys B. Johnson (U.S.A.), Professor Young C. Kim (U.S.A.), Professor D.G. Krige (R.S.A.), Professor A.J. Lynch (Australia), Professor C.T. Shaw (U.K.), Dr A. Weiss (U.S.A.), and Professor F.L. Wilke (F.R.G.). There is no doubt that the enthusiasm and dedication of this small group of people and the excellent working relationship that exists between them are responsible for the continued success of APCOM meetings.

Jan 1, 1984

By K. R. Koch

Although some of the platinum(II/IV) and rhodium(III) chemistry is considered ?old? and well-known, the application of modern multinuclear NMR spectroscopic methods to this chemistry in solution reveals new details about their rich and relevant solution chemistry. In this paper we will briefly illustrate that the highly-sensitive 195Pt NMR shielding is an excellent probe to explore aspects such as solvation, ion-pairing, and the hydrolysis chemistry of inter alia [PtCl6-n(H2O)n]n-2 (n=0-5). Moreover the novel use of 35Cl/37Cl and 18O isotopes effects as unique NMR ?fingerprints? leading to a new and unambiguous method of chemical speciation of the numerous possible PtII/IV and RhIII complexes present in halide-rich aqueous solutions. In the case of Rh(III) chemistry a new, direct speciation distribution diagram has been established for [RhCln(H2O)6-n]3-n complexes (n = 3-6) in HCl solution at 292 K with these methods.

Jan 1, 2012

By E. Chisakulo, M. W. Songolo, E. K. Chanda

Zambia’s mining industry has undergone various phases of mineral royalty changes since privatisation. Unlike many analyses that relied on subjective probability, this study employs the cut-off grade and mineral royalty model relationship to investigate how changes in mineral royalties impacted the net present value and cut-off grades of Zambian copper mines between 2008 and 2022. The results showed that net present value decreased by 10.39%, 6.13%, 9.69%, and 6.13% for Barrick Lumwana, Kansanshi, Nkana–Mopani Copper Mines, and Mufulira–Mopani Copper Mines, respectively, while First Quantum Minerals Trident’s net present value increased by 3.40%. Reductions in NPV correspond to higher government revenue, whereas the increase for FQM Trident reduced government revenue. For cut-off grades, returns increased by 0.42%, 1.20%, and 0.42% for Barrick Lumwana, First Quantum Minerals’ Trident, and Kansanshi, respectively, showing how portions of the Zambian copper orebodies accrued to investors, with a corresponding reduction in government revenue. Conversely, reductions of 0.24% and 0.38% for Nkana–Mopani Copper Mines and Mufulira–Mopani Copper Mines indicate that a share of the ore reserves accrued to the government, reducing investor returns. These findings demonstrate that mineral royalty adjustments redistribute economic value between investors and the government, affecting both profit margins and operational decisions. Despite these distributional effects, all projects remained economically viable. The findings underscore the need for an optimal mineral royalty framework that equitably balances the economic value of mineral resources between investors and the state

Jan 30, 2026

By N. Watson

Historically the insurance industry&apos;s involvement in any project has been relatively late in the process. Often it was a case of the last item to be ticked off the checklist has been to ensure that the insurance is in place. However, in more recent times insurers have imposed more restrictions on the cover they are prepared to provide, which has in some cases necessitated a change in the contracting structure to accommodate the insurance policy(ies). In addition, changing contractual practices have changed the allocation of risk between the various parties involved. This calls for a more proactive approach to the design and implementation of an insurance program for both the construction and operational phases of any resource project. This paper explores how a risk managed approach to the design and implementation of an insurance program for a resource project can align itself with current management approaches to project development. From the authors&apos; experience, this approach is best adopted early on in the project (often in conjunction with the bankable feasibility study) and follows AZ/NZS4360 to objectively examine and compare a wide range of risk exposures of the project in a time-effective manner across the following areas: ? personnel; ? environment; ? general management; ? compliance - legislation, systems, protocols; ? asset management; ? change management; ? financial impacts to the organisation; ? products/services; ? service delivery; and ? technology. Having identified and then analysed the risk exposures according to common consequence and likelihood ratings the next step is to develop a risk map of all considered exposures. The true value of this approach lies in the development and implementation of a risk treatment plan for identified exposures where the exposure is unacceptable. The plans will lead to the optimal solution to the appropriate risk prevention, risk mitigation and risk transfer options available. This paper also examines other benefits to the project that may arise from adopting a risk managed approach in addition to the ability to design an insurance program which recognises the exposures and the ability of the organisation (and other project parties) to retain risk.

Jan 1, 2007