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By E. A. Brinkmann

A kinetic model framework for single particle kinetics in combined diffusion and adsorption processes is presented. The framework applies to the general case in which both diffusion and the adsorption reaction play important roles in determining the overall rate in processes where the migrating species can both adsorb and accumulate. The technique, which should be applicable to a wide range of reaction mechanisms, consists of an iterative integration procedure for the coupled diffusion and reaction equations. The case of a reversible linear adsorption reaction rate is developed. In order to verify the technique as a legitimate method of model development, an analytical solution for the identical case is derived and compared to the numerical solution. Excellent agreement exists between the two solutions.

Jan 1, 1987

By D. Harbottle, D. Rhodes, T. F. Jones, S. R. Biggs

Multiphase process design and optimization often depends upon the rheological properties of sludges and slurries. In practice the task of determining these important properties is usually carried out by removing small samples from a process line or process unit and performing tests with proprietary bench-top analysers near to site or at a remote laboratory. Sampling will remain an important procedure in industrial processes, but there is also a strong case for augmenting the routine information obtained using an in situ sensor, as suggested below. ?Sampling protocols can result in extensive turnaround periods from sample collection to the generation of results. The delay can have an effect on a variety of factors such as product quality, process operability and efficiency. ?Sampling of toxic or radioactive material can prove an even greater challenge to minimize human involvement. ?Removal often changes the rheology of a specimen, and might lead to incorrect conclusions being drawn about the condition of a sludge. ?Sludge and slurry in a containment suffers a gravitational gradient, so that a removed sample should be paired with its location, particularly in the vertical dimension.

Jan 1, 2007

By H. Scott-Russell

Ladies and Gentlemen. It is my great pleasure on behalf of The South African Institute of Mining and Metallurgy and The Geological Society of South Africa to welcome you to the 15th CMMI Congress and to Southern Africa. It is a great honour to be hosting this event and we have been looking forward to it for a long time. I am sure the technical discussions and visits will be of great value, and I am confident you will return with pleasant memories of places and people in South Africa and neighbouring countries. The theme of this Congress, Resources and Technology', is appropriate for discussions on the ways and means of going forward in the minerals industry to create the employment and wealth so sorely needed in this region. The technical programme will give mineral industry professionals from different parts of the world the opportunity to share experience and expertise for the purpose of making operations more productive, safer and environmentally acceptable to the world at large. Delegates will be exposed to current technical developments by means of 133 papers prepared for the congress: 30 on geological subjects, 45 on mining, 29 on extractive metallurgy, and 29 in the field of metals technology.

Jan 1, 1994

The Centenary Luncheon for Past Presidents was held on Thursday, 24 March, 1994 at The President's Room at Gold Reef City, Johannesburg at 12:30. Herewith the proceedings that followed. Dr H. Scot-Russell It is with great pleasure that my fellow Office Bearers and I welcome you, our Past Presidents, to this luncheon to mark the centenary of the SAIMM. Today one hundred years ago, a group of professionals met and agreed to draw up the constitution and by-laws of a society later to be called an Institute. The Presidents of the Institute, of course, become its Past Presidents and help to guide its progress. A number of our sister institutes cannot wait for their Past Presidents to move of their councils, and cannot understand how we can give such free reign to ours! We believe it one of our strengths. The successful cooperation between our Past Presidents and ourselves is due to the personalities of these men. They attend meetings not to ensure that the status quo is maintained, but allow the current Office Bearers freedom to lead the Institute as they think fit. But they are always present to give sound advice, a helping hand, and support to the Institute in every way.

Jan 1, 1994

By A.M. Edwards

1. Book reviews Platinum in South Africa, compiled by A.M. Edwards and M.H. Silk. Randburg, Council for Mineral Technology (Private Bag X3015, Randburg, 2125 South Africa), 1987. 55 pp. U$30. Reviewer: R.D. Wintle Scientific and technological developments in extractive metalurgy-G.K. Wiliams Memorial Volume. Parkvile (Australia), The Australasian Institute of Mining and Metalurgy, 1986. $A12 (incl. surface postage). Reviewer: T.Y. OweD Ion exchange and sorption processes in hydrometa/urgy, edited by M. Streat and D. Naden. Chichester, John Wiley & Sons, 1987. 229 pp. Reviewer: B.R. Green Role of Government in mineral resources development, edited by Michael J. J ones. London, The Institution of Mining and Metalurgy, 1985. 180 pp. £40. Reviewer: K.E. Ducat 2. Recent publications Annual report 1987. International Tin Research Institute, Kingston Lane, Oxbridge, Middlesex UB8 3PJ, England, 1988.Tin and its uses no. 156. Address as above. 3. Mintek reports Application Report no. 5 The production of and alusite and other refractory minerals. 1988. 16 pp. . Application Report no. 6 The development up to commercial application of a process for the recovery of lead, copper, zinc, and silver from the Black Mountain deposit. 1988. 14 pp.

Jan 1, 1988

By D. G. Krige

Recent publications have demonstrated the important role that can be played by a priori information of the grade levels, variability, and spatial patterns in adjacent or nearby areas in improving the quality of grade estimates for virgin or sparsely drilled areas. A research project was therefore conducted involving the collection and analysis of extensive sampling and borehole data from 7 reefs on some 30 Witwatersrand mines. This paper shows that the 'equivalent' log variance for the two-parameter lognormal model provides a good basis for the study and comparison of the levels and behaviour of relative variances. The trends of these against the corresponding log areas were found to form distinctive patterns, which are useful for these purposes. The patterns for the Basal, Vaal, Carbon Leader, and Main Reef Series form a reasonably close group, whereas those for the V.C.R.(particularly where the facies are mixed), B Reef, and Kimberley-Elsburg Reefs (particularly for narrow channel widths) do not always conform. The patterns shown by underground chip samples are also compared with those obtained from borehole cores. It is shown how this information can be used to improve the borehole valuation of new mines and of virgin areas in existing mines.

Jan 1, 1993

By V. E. Ross

These effects were investigated in batch flotation studies, and by the measurement of rest and pulp potentials. At Iow additions of sulphurous acid as the pH regulator, flotation rate increased with increasing concentrations of dissolved oxygen. The recovery of chalcopyrite dropped significantly below a pH value of about 6,5 at 25 p.p.m. of dissolved oxygen, and below a pH value of about 6 at a dissolved-oxygen concentration of 8,2 p.p.m. The rest and pulp potentia Is measured indicated that dixanthogen is the dominant species formed on chalcopyrite surfaces during flotation with sodium ethyl xanthate. The results suggested that the same species might have formed on galena surfaces in the pulp after the ore had been milled in a ceramic mill under nitrogen. Increased additions of sulphurous, sulphuric, and hydrochloric acids increased the rest potentia Is, while the addition of sodium sulphite decreased these potentials.

Jan 1, 1985

By A. P. I. Popoola

Aluminium AA1200 was laser alloyed with a combination of nickel and titanium diboride using different weight ratios. Chemical reactions took place with the formation of different phases. The characterization of the alloyed surfaces was carried out by x-ray diffraction (XRD), optical and scanning electron microscopes. The alloyed surfaces are composed of the initial phase of Al-Ni dendrites and eutectics of TiB2/Al and TiB2/Ni distributed on the initial phase. Experimental results obtained showed that Al-Ni intermetallics brought about a significant increase in the hardness property of Al; however, these intermetallics are highly brittle and prone to fail by brittle fracture or stress corrosion cracking when put in service. The addition of TiB2 brought about a reduction in the formation of the seintermetallic phases. A microhardness increase of over 10 times the hardness of the substrate was achieved. Keywords Dendrites, intermetallics, metal composite, Nd: YAG laser.

Jan 1, 2011

By K. Kabezya

A study on slag dispersion in a model of bottom-blown bath smelting converter was undertaken at room temperature. The aim was to investigate the behaviour of the dispersed slag phase at various operating conditions with very high gas flow rates in low slag volume (10%) systems. For simulation purposes water, paraffin-oil, and air were used to represent the bulk steel, molten slag, and gases respectively in a one-fifth cold model of the commercial 100 t Creusot-Loire-Uddeholm (CLU) converter used in the manufacture of stainless steel in South Africa. Dimensional analysis was done to correlate mathematically the dispersed phase holdup with the operating conditions and the modified Froude number. The overall expression of the holdup revealed that the dispersed slag phase decreased with the vertical distance from the original interface between the liquid phases. The dispersed phase also decreased with the radial distance in the water plume zone toward the sidewall. The holdup was apparently much higher on the side of the reactor where there were no tuyeres. The modified Froude number ensured the correlation between the model and the prototype.

Jan 1, 2014

By J. Manchisi

Laboratory investigations were conducted to establish the feasibility of bioleaching a mixed copper oxide/sulphide rougher concentrate from Nchanga Mine on the Zambian Copperbelt. The objective was to determine the kinetics and extent of copper extraction for this material. Batch experiments were conducted under different solution conditions in stirred tank bioreactors. The progress of (bio)leaching was monitored through measurements of soluble ferrous and ferric iron, copper, pH, and redox potentials, while bacterial activity was monitored online through 02 and C02 gas utilization rates. About 20 per cent copper was solubilized within 2 hours in all cases of non-oxidative (abiotic), oxidative (abiotic), and bioleaching experiments. This was attributed to the dissolution of mainly copper oxides. Subsequently, bioleaching experiments resulted in an overall copper extraction of 93 per cent, with up to 8 g.L-1 copper after six leaching days, compared to 58 per cent copper extraction in the abiotic oxidative acid leaching experiments. However, there was little effect of time (i.e. poor dissolution kinetics) on copper recovery for abiotic non-oxidative acid leaching of the material. Hence, the rate of sulphide leaching increased due to the activity of bacteria. Thus, the material is potentially bioleachable under mesophilic conditions. However, more exhaustive test work needs to be conducted to establish the effect of bioleaching variables and heat requirement.

Jan 1, 2012

By R. J. Davidson, M. V. Nkosi, V. Veronsee

When activated carbon is used for the recovery of gold and silver from Witwatersrand gold-plant solutions, severe fouling of the carbon by calcium carbonate is experienced. Also, difficulty is encountered in the retention of the adsorbed silver on the carbon because it is displaced by gold. The acidification of plant pregnant solutions before they are contacted with carbon was therefore investigated as a means of overcoming these shortcomings. The results from batch laboratory experiments on the effect of pH on gold adsorption from plant solutions and from synthetic solutions of high ionic strength indicated reaction rate optima in the region of pH 5 and below pH I. The effect of pH on the equilibrium capacity constant for gold adsorption onto activated carbon was also studied, using both a plant solution and a synthetic solution of high ionic strength. In the case of the plant solution, the results suggested only a marginal change in carbon capacity for gold in the pH range 12 to 6, with significant increases in capacity at lower pH values. In the case of the synthetic solution of high ionic strength, the capacity constant was found to increase steadily as the pH was lowered from 12 to I. It was also found that the gold adsorption capacity of the carbon was significantly better for the synthetic solution. No precipitation of gold from the pregnant solution (gold content approximately 6 g/t) was noted as the pH was decreased to values as low as ,. However, about 25 per cent of the 0,6 g/t silver content was found to have precipitated when a pH value of 3,0 was attained. Further substantial precipitation of silver took place as the pH was lowered further. The investigation was extended by the passing of suitably acidified gold-plant solutions through one or more columns containing activated carbon. Preliminary results showed that the particle size of the carbon had a significant effect on the rate of gold adsorption. No displacement of adsorbed silver by gold was observed to take place at an influent pH of 5. In a typical continuous 'merry-go-round' operation involving three columns in which gold was eluted from the lead column every 48 hours, effluent values averaging 0,001 g/t gold could be consistently achieved under simulated plant-operating conditions. The results were obtained at relatively high velocities of influent solution, resulting in very little hold-up of gold in the carbon-recovery circuit. More than 99,9 per cent of the gold and more than 99,8 per cent of the silver was recovered in the adsorption circuit, while the elution data indicated an average elution recovery of 99,8 per cent of the adsorbed gold and 98,2 per cent of the adsorbed silver. Elution of the carbon was carried out at 91 QC. This involved pretreatment of the carbon with a sodium cyanide solution, followed by elution with deionized water. At a loading flowrate of 66 bed volumes per hour, the indicated take-up of metals on the carbon in the lead column was as follows; 53 k g/t gold, 6 k g/t silver, 57 k g/t copper, 14 k g/t nickel, and I k g/t zinc. Only a trace of cobalt was adsorbed. At an elution rate of 1,7 bed volumes per hour, the lead column was found to be completely stripped in under 5 hours, with concentrations of gold in the eluate reaching 6 to 7 g/l. Besides the excellent adsorption and elution results obtained when acidified pregnant solution was used, no fouling of the carbon was indicated, and the pressure drop across the three columns was considered to be well within practical limits. When compared with conventional zinc precipitation, the carbon process would appear to have considerable economic merit, with strong indications that significant savings would be possible both in capital and operating costs. Further pilot-plant experiments, preferably on a gold plant, would be required before a meaningful cost comparison could be made with the existing process.

Jan 1, 1979

By K. L. Riemer

The West Wits Line first began yielding gold in the mid-1930s and is among South Africa's leading gold-producing areas. Gold mining operations are carried out amidst the occurrence of seismic events which cause both damage to underground excavations and injury and loss of life to production personnel. The feasibility of establishing a system to minotor the seismicity on all the Gold Fields mines was investigated during the early 1980s. This led to the establishment of a centralized seismic network in 1981. The system was structured around three major objectives. It uses Perkin Elmer (now Concurrent Computer Corporation) 16 and 32 bit mini-computers. The hardware in use at both the central and remote sites is outlined, giving a good insight into the role of computers in the system. The system software reveals the fast flow of data through the network; it can be divided into three categories: (1) data logging and transmission - remote sites, (2) data capture and communications - central site, (3) applications and research - central site. Several examples are given which show how the system is measuring up to its objectives. These case studies also indicate how the computers are effective in representing the seismic data collected. It is concluded that the use of computers enables the pin-pointing of seismic events on the West Wits Line within about 3 -4 minutes of their occurrence. The choice of hardware is largely dependent on the objectives of system, and the Gold Fields Network has chosen mini-computers because of the speed of communication and the large amount of data and storage required for research applications.

Jan 1, 1987

By J. H. Zietsman, W. J. Leipoldt

"To be able to responsibly develop a multiphysics model of the steel belt sintering (SBS) process used to sinter chromite fines, it is important to have a comprehensive understanding of the process. This understanding was gained through a site visit, observation of the process in operation, and interaction with the operators. Material characterization will also reveal much about the process that is not yet fully understood. A well-defined and representative mass and energy balance will also give valuable insight into the process. The plan for the multiphysics model aims to combine a computational fluid dynamics (CFD) model with a discrete element method (DEM) model.To obtain a more accurate mass and energy balance representation of the SBS process, it was decided to develop a dynamic distributed parameter model of the mass and energy balance. This model will be used to gain better understanding of the SBS process so that a more complicated multiphysics model can be developed later. The reason for this is because the SBS process is very dynamic, with a large temperature distribution throughout the length of the process. In its current state, the mass and energy balance model is capable of handling solid and gas material packages and exchanging heat between these packages where they are mixed, and is able to model the heating of the gas by burning CO gas. The next step in the development of the model will involve enabling it to handle evaporatoin of liquid water, burning of solid carbon in the pellets, reduction of iron oxide in the pellets with the CO gas formed from carbon combustion, and then oxidation of the reduced iron in the oxygen-rich cooling zones."

Jan 1, 2014

The October General Meeting of the Institute was held in Kelvin House, Johannesburg, on 15th October, 1969, at 4.30 p.m. Mr J. K. E. Douglas (President) was in the Chair. There were also present 17 Members, Messrs: M. Barcza, R. C. J. Goode, J. A. Nixon and V. C. Robinson (Council Members), M. L. Fitzgerald, D. F. H. Graves, C. G. Hinds, S. D. Hill, J. S. Hall, D. F. Malan, T. Meyer, W. pyne-Mercier, K. S. Rae, S. G. Taussig, L. W. P. van den Bosch, Dr A. Whillier, C. H. Wyndham. Four Associate Members: Messrs O. Davel, M. J. Martinson, M. P. J. Sandys, T. G. Harington. One Student: R. P. W. Henrard. Three Visitors: Messrs A. V. Pike, B. Schmitz, A. P. Raats. Secretaries: D. C. Visser and S. de. Gersigny. Total present: Twenty-eight. OBITUARY The President: "It is my said duty to announce the death of Pieter Ulrich Fischer, Member, who joined the Institute in 1961 and passed away on 24th June, 1969. As a mark of respect to the memory of the deceased and in sympathy with the bereaved I would ask you all to rise and observe a few moments' silence." MINUTES The President: "The minutes of the last meeting will only appear in next month's Journal and I would request that the confirmation of these minutes be held over." MEMBERSHIP The President: "I have much pleasure in announcing that the names of the undermentioned candidates, having been published in accordance with By-Law 5.2.2, Council has elected them to membership of the Institute in the following grades:" Members: Alexander Edward O'Meara, Anton Leopold Melvill, WilIiam Harold Wise, Eric John Dunstan, Frank Nel, Lubertus Hendrikus Jakob Poortier. Associate Members: Michael Irvine Britten, Selwyn Wilson Lange. James McCormack, Christiaan Lodewyk de Jongh, WilIiam Andrew Hustrulid, Reinhold Johannes Ortlepp, Felix Henry Lancaster. Graduates: Willem Adriaan Gericke, Hamish David Sneddon Miller, David lan Ossin, Robert Antony Layboume, Ewart John Shillaber, Colin Hewitt Wiggett. Affiliates: Bernard Andre Thomas, Waiter Arthur Wood, Andrew John George Paschalides, David John Perry, Alex Richardson, Gert Blekker Kotze. Student: Matthys Jacobus de Beer. MEMBERS TRANSFERRED TO A HIGHER GRADE From Associate Member to Member: David Alphonso Viljoen. From Student to Associate Member: Michael Charles Carruthers. "I welcome the newly elected members to the Institute and congratulate the members who have been transferred to a higher grade." PAPERS FOR PRESENTATION The President: "Professor Wyndham, may I call on you to deliver the paper entitled 'Factors affecting the mechanical efficiency of men shovelling rock in stopes', written jointly with J. F. Morrison, J. H. Viljoen, N. B. Strydom and A. Heyns." After the presentation of the paper the President said: "Gentlemen, I would like to thank Dr Wyndham and his colleagues for once again reporting through the medium of this Institute the results of the very important work they are carrying out at the Human Science Laboratories. It is most appropriate that this work which is leading to a better understanding of the capabilities and efficiency of the human body under the arduous conditions encountered underground should be reported to this forum. In this way our members, who are actively engaged in the job of mining, can firstly learn something of this research and secondly, can, with their practical knowledge of conditions underground, contribute to what has been learnt and possibly pose new problems for our scientists in the laboratories. The scientist should always have the opportunity of subjecting his research to the scrutiny of people engaged in practical operations. By the very nature of our gold mines we are unfortunately heavily dependent on a large labour force and while mechanization has been introduced wherever feasible, we are likely to continue to be heavily dependent on this labour. In accepting this fact we can be proud in this country of what has been achieved, not only in obtaining the best efficiency from labour but in ensuring that their working conditions are reasonable and that their health and well-being are adequately cared for. When one visits our gold mines, one cannot help being impressed with what is being done to ensure that we have a satisfied, happy and healthy labour force. The Human Sciences Laboratory with its scientific approach has assisted greatly in promoting a better understanding of the problems associated with labour under the conditions experienced on our mines. Thank you." Mr M. Martinson then contributed to the discussion. (This contribution will appear in a later issue of the Journal.) "Professor Wyndham, may I call on you to deliver the paper entitled 'Acclimatizing men to heat in climatic rooms on mines,' written jointly with Prof Strydom." After Dr Wyndham had presented the paper the President said: "Thank you Dr Wyndham for so ably describing the work associated with the acclimatization procedures on our gold mines. It has certainly been an eye-opener to those of us not familiar with this work and I believe it is very important that everyone and not only people in the gold mines should know about it. It is fortunate that all industries do not have the same arduous heat conditions experienced on our mines but other industries such as our chemical and metallurgical industries do have other problems relating to the adjustment of labour to the work situation. The scientific approach employed by the gold mines in tackling this problem is an example to these industries of what can be achieved by logical

By C. Musingwini, C. Beaumont

"Kansanshi mine, located in northwestern Zambia, uses conventional openpit mining to produce primarily copper, with gold as a by-product. The ore is extracted from a deposit with highly complex mineralogical suites that are difficult to process, sometimes leading to poor recoveries. The mine was using an ore classification system called ‘Mat-Type’, which classified various ore types into 22 different quality categories, ranging from poor to good quality. Ore with poor recovery was classified as ’poor quality’ ore and directed to long-term stockpiles. Due to a lack of proper integration between the technical and functional areas forming the mine value chain, Mat-Type unintentionally misclassified ore. A geometallurgical analysis was therefore undertaken to review Mat-Type and a new geometallurgical ore classification system, called ‘OXMAT ’, was developed to replace Mat- Type.When implemented, OXMAT eliminated nine of the 22 ore categories and the remaining 13 ore categories could now be more accurately and consistently defined, leading to a significant change in the quantity of ore being mined. OXMAT demonstrated that within a defined test volume of the geological model, waste tonnes could be reduced by 19% while ore tonnes could be increased by 17%. This paper therefore demonstrates the value created through integrated geometallurgical modelling. IntroductionKansanshi mine is located in northwestern Zambia, approximately 10 km north of the provincial capital Solwezi and about 160 km west of Nchanga mine in the Central African Copperbelt (Broughton and Hitzman, 2002). The location of Kansanshi mine relative to other major copper deposits in the Copperbelt is indicated in Figure 1.Kansanshi mine uses conventional openpit mining methods to exploit copper- and gold-bearing veins hosted in a structurallycontrolled mineral deposit. Mining is carried out in two areas of the deposit, the Northwest and Main pits. A third area of the deposit, called Southeast Dome, is currently not being exploited (Figure 2)."

Mar 1, 2019

By M. Nicolle

The Tati Activox® Project will be the first full-scale implementation of the patented Activox® process (The Tati Activox® project was deferred in 2008. Please refer to the Norilsk Nickel press issue on the topic for more info). The process was developed by Norilsk Process Technology and has been tested on Tati mine sulphide concentrates in laboratory, pilot and demonstration plant scales and demonstrated its viability. There are inherent risks to the final scale-up of the process from the demo plant and one of them will be investigated in this paper. Compartment 1 is designed to leach approximately 77% of the total nickel leached. For this reason agitation requirements in the first compartment of the autoclave are reviewed. An attempt is made to minimize the process and mechanical risks associated in achieving oxygen mass transfer into the slurry solution. The agitator powers for oxygen mass transfer are calculated using empirical correlations and compared to demonstration plant testwork. The resulting gassed power per unit volume (P/V) is higher than most commercial autoclaves and raises uncertainty on the viability of using such high unit power inputs. Additionally, there is concern about the ability of the autoclave shell to withstand and support the higher loading of large agitators. An alternative solution to designing for the increased P/V is assessed in which the number of compartments within the autoclave is reduced from 5 to 4 by removing the compartment wall separating compartments 1 and 2. This results in an enlarged first compartment containing 3 agitators instead of 2. Therefore the compartment 1 oxygen demand is supplied through 3 agitators, which lowers the P/V per agitator. The reduction in the number of autoclave compartments raises the potential for short-circuiting the mean flow pattern by slurry particles. Short-circuiting and low velocity zones could result in a lower recovery of metal and localized hot spots, respectively. A computational fluid dynamic (CFD) analysis was conducted to quantify these concerns and also to evaluate further design considerations. The results indicate that the proposed design change to 4 compartments affects short-circuiting. The impact of increased short-circuiting on the overall autoclave recoveries is not quantified, however; it is expected to be negligible based on testwork done in the Tati Demonstration Plant and similar modifications made to another operating autoclave. The CFD analysis also suggests that there will be no low velocity zones within the compartment.

Jan 1, 2009

By Dr Peter Laxen

Dr Peter Laxen, the Mintek Consultant on gold and uranium, has won the 1982 award of the Percy Fox Foundation. The presentation was made by the Minster of Finance, Mr Owen Horwood, at a banquet on 6 March.

Jan 1, 1982

By S. A. Abdel Sabour

Strategic decisions in the mining industry are made under multiple technical and market uncertainties. Therefore, to reach the best possible decision, based on information available, it is necessary to integrate uncertainty about the input variables and model financial risk of the project?s merit measures. However, this provides few useful insights to decision-makers unless accompanied by modelling management responses to uncertainty resolutions. It is widely acknowledged that conventional decision-support methods based on static, no-change, discounted cash flow (DCF) techniques such as net present value (NPV) and internal rate of return (IRR) tend to provide inaccurate value estimates. This could mislead the strategic decision-making process and result in significant value losses. This paper aims to model financial risk related to uncertainty about market variables such as metal prices and foreign exchange rates. Other sources of risk that are related, for example, to geology and production costs are not considered in this work. The article outlines a flexible financial model that integrates uncertainty about market variables and management flexibility to react to uncertainty resolutions into mine project valuation using a real-options valuation technique based on Monte Carlo simulation. Significance of information generated from this simulation-based flexible valuation model to the strategic decision-making process is tested using an illustrative case study of a Canadian mining project. The project is a typical multi-metal, open pit mine that produces copper and gold. In this case, there are three uncertain market variables, which are: copper and gold prices and US$/CAN$ exchange rate. Financial valuations are carried out using both the conventional static DCF method and a flexible real-options model. In the flexible model, management flexibility to decide whether to go ahead with the next expansion or terminate production operations is integrated. Results show how the flexible financial model can enhance the decision-making process.

Jan 1, 2009

By J. Gilliland

The Grootegeluk coal-beneficiation plant was erected in the Waterberg coalfield, near Ellisras in the Transvaal, to supply Iscor's steelworks with a predetermined tonnage of coking coal in accordance with strict quality requirements. This plant has to handle a high tonnage of raw coal, which is not easy to beneficiate, in order to produce 1,82 X IQ6t of coal. Extensive tests were conducted on borehole cores and a mass sample of coal obtained from the area. These tests were carried out on a laboratory and pilot-plant scale, and were aimed at the establishment of the most effective beneficiation methods and the choice of suitable equipment. This led to the completion of a full set of design and manufacturing drawings that resulted in the project approach . described in this paper.

Jan 1, 1982

By R. Gebrekristos

It is commonly accepted that three types of aquifers exist in the Bushveld Complex: (a) alluvial aquifers in areas of river courses, (b) weathered bedrock aquifer formed by the in-situ weathering of the bedrocks, (c) fractured aquifers underlying the weathered aquifers controlled by the regional and local fracturing of the crystalline rocks. Hydrogeological studies conducted in the Critical Zone of the Bushveld Complex in the western limb show that the UG2 pyroxenite layer is of a particular interest and has a unique aquifer property. It yields much of the groundwater inflow into some mines and can be classified as the most important aquifer in the vicinity of the mining zone. The UG2 pyroxenite aquifer is restricted to the dipping UG2 pyroxenite unit. The unit weathers more intensely than the surrounding norites and anorthosites and is characterized by deeper weathering horizons (two to three times deeper than the surrounding rocks). For much of the UG2 mining area between depths of 35 ? 80 m, stoping of the UG2 takes place approximately 5 ? 7 m below the UG2 pyroxenite aquifer, and usually there is no groundwater inflow into the mine workings. However, unsealed deep exploration boreholes intersecting the UG2 pyroxenite and reaching underground mine workings, or mine roofbolts penetrating the weathered pyroxenite aquifer from underneath, can result in significant groundwater inflows into the underground workings. The reason as to why the UG2 pyroxenite weathers more than the norites and anorthosites has not been fully studied but is suspected to be due to the bedding planes of the unit and mineralogical composition of the particular pyroxenes forming the unit, which result in preferential physical and chemical weathering under atmospheric conditions. The weathered pyroxenes form sand-sized, rounded grains with improved effective porosity and permeability suitable for the storage and passage of groundwater. The orientation of the pyroxenite aquifer can easily be determined as it dips with the Bushveld layered strata. No-flow boundaries can be assumed on the hanging- and footwall of the pyroxenite aquifer and the flow rates can be estimated using 2-dimentional analytical equations. However, this must be confirmed with strong conceptual models since the existence of a fracture network connecting the pyroxenite aquifer with the overlying weathered and/or underling fractured aquifers can complicate the system, lowering the accuracy of analytical models and necessitating the utilization of numerical models.

Jan 1, 2012