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By P F. Hodkiewicz

"Our understanding of mineral resources relies on three basic steps: data capture data interpretation model construction. Until recently, all three of these steps required significant time and manual effort to produce a single resource model for mine planning, typically taking more than a year to progress from drilling to the final block model. Over the past several years, BHP Billiton has been developing innovative workflows in rapid resource modelling projects to significantly reduce these time constraints and make the process more productive by replacing manual activities with automated ones. Rapid resource modelling is the process of combining recently developed off-the-shelf technology with internal technology developments to fundamentally change the way we collect, interpret, model and evaluate geoscience data. Initiatives include automated systems and standardised workflows to make it safer, faster and cheaper to continuously update multidiscipline resource models. Specifically, rapid resource modelling workflows combine: real-time analysis of drill holes and drill samples with downhole tools and hyperspectral scanning systemsautomated interpretation of drill hole intervals based on pattern-recognition algorithmscontinuous modelling workflows using implicit modelling software. This paper outlines technology developments and workflows that provide a more thorough understanding of mineral resources to support faster and more informed strategic, planning and production decisions.CITATION:Hodkiewicz, P F, 2014. Rapid resource modelling – a vision for faster and better mining decisions, in Proceedings Ninth International Mining Geology Conference 2014 , pp 183–188 (The Australasian Institute of Mining and Metallurgy: Melbourne)."

Aug 18, 2014

By L I. Rozman

"There have always been development projects that fall short of expectations. In the last decade, we have seen more than the usual number of mining and oil/gas development projects taking significantly longer to develop and costing materially more than expected. The recent resource-equity market slump proves that investors are now far more cautious about investing new capital in the mineral and petroleum resources sector.What have we learned since 2005? Why have projects missed their targets? Why do investors often feel misled?Valuation of a project and the estimation of value is a more complex process than the evaluation of the merits of project development. The merit of project development can be clear from a prefeasibility evaluation, but this is no reason to skip the rigour of a feasibility study. The valuation of any project that is developed with any added risk should be discounted for this added risk.The development of a project impacts on other stakeholders, and the indirect cost of these impacts can have material implications for the cost structure, time and ultimate valuation of the project for its financial backers. The development of new projects (and thereby supply) can also have an impact on commodity prices, and therefore an impact on returns for financial backers.This paper will provide commentary on the author’s experiences and observations as a project developer and operator for 25 years, before becoming a project financier a decade ago.CITATION:Rozman, L I, 2016. Project evaluation and valuation – an investor’s golden rule, in Proceedings Project Evaluation 2016, pp 31–36 (The Australasian Institute of Mining and Metallurgy: Melbourne)."

Mar 8, 2016

By T A. Carter

In 2010 Agnew Gold Mine (AGM) struggled to produce the required tonnages from its stopes. The longhole rises used to create void in stopes were unreliable and often failed to gain the designed rise height. The number of firings per stope was having an adverse impact on the ground conditions at the stope brows, impeding stope productivity.Through practical experimentation with longhole drill rigs, box hole rigs and development drill rigs as well as trialling new methods in conjunction with reviewing drill hole data, drill hole accuracy was observed to be an issue on-site. Innovative dragging methods such as the reverse drag, combined with a slope instead of a vertical face on the rear of stopes, have improved dragging and a reduction of firings per stope, enabling larger production blasts.The methods trialled and subsequently implemented at AGM have facilitated the mine achieving budgeted targets for six consecutive quarters. This paper documents the use of these methods in a key lode of AGM’s operations to improve drill and blast practices in order to achieve production targets.CITATION:Carter, T A, 2014. Improving production drilling and blasting in the Kim South orebody at Agnew Gold Mine, in Proceedings 12th AusIMM Underground Operators’ Conference 2014 , pp 251–258 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Mar 24, 2014

The mining industry has expanded significantly in the Pacific Region over the past two decades through a mix of new developments and brownfields expansions of existing operations. Despite this overall success there are also a number of well publicised examples of less than successful minerals ventures. These problem developments highlight the fact that success cannot be taken for granted and that rigorous planning and attention to detail is essential. The dominant growth has come through expansion of existing businesses, notably alumina, iron ore and coal, achieved through both efficiency gains on existing plant and step change capacity additions such as new mines and/or expanded processing plant. This expansion has largely been linked to increased market opportunities. The major issues are the quality and extent of the host resource, achieving the market targets, and the efficiency of the expansion effort. There can be also a range of site specific issues which need to be addressed. The development of new greenfields operations is often more complex as it can bring a wide range of new issues. Depending on the nature of the development, and the companies involved, these can extend from initial financing through to obtaining a market position. Incorporating major new technology and/or establishing infrastructure and attracting staff to remote locations can also add significant challenges. This paper outlines many of the critical factors which need to be considered prior to proceeding with major expansions or greenfields developments. These will be linked to a number of developments in the region over the past decade.

Jan 1, 2004

By B King

Processing expansion options and mining fleet purchases are major cost items that receive due focus in most cost management analyses. If these items are not needed, they can significantly reduce a project’s short-term capital spend and improve profitability and value to shareholders. When conditions change prior to purchasing equipment, the purchase may no longer represent the best decision for the project.This paper outlines a structured approach for making major cost decisions to improve the value of a project, determining which items should be kept and which should be eliminated.CITATION:King, B, 2014. Cost management optimisation, in Proceedings Orebody Modelling and Strategic Mine Planning Symposium 2014 , pp 7–12 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Nov 24, 2014

By J Jackson, K Nguyen, A Nguyen, E Manlapig

"With the recent advancement in drill core imaging systems, a large volume of high resolution drill core images can now be rapidly collected and mineralogically classified. This paper introduces a novel semi-automated method for rapid prediction of process engineering parameters from this type of image. The aim is to allow for a rapid and low-cost assessment of the ore processing variability within a mineral deposit with a reduced amount of metallurgical test work. This method will see its application primarily in the project evaluation phase, where proper evaluation of the processing variability of the orebody normally requires a prolonged and costly metallurgical test work program. Applying this image-based texture analysis method on the mineralogical classified drill core images, the ores are classified according to their textures. For each engineering parameter, a small number of physical test work is required to produce a data set for training and testing of the predictive model. The paper also presents a case study in which this method has been applied to predict the A*b parameter used in mineral process plant design.CITATION:Nguyen, A, Jackson, J, Nguyen. K and Manlapig, E, 2016. A New Semi-automated Method to Rapidly Evaluate the Processing Variability of the Orebody, in Proceedings The Third AusIMM International Geometallurgy Conference (GeoMet) 2016, pp 145–152 (The Australasian Institute of Mining and Metallurgy: Melbourne)."

Jun 15, 2016

This paper reports the advances made during the development of underground mine fill technology from circa 1960 to the present and, in particular, indicates where increased input from process plant metallurgists û mainly milling, but also smelting û can contribute to further advances. Fill types pertinent to the discussion are partially deslimed, partially dewatered mill tailings fill (uncemented, cemented) and paste fill. Pertinent process plant includes hydrocyclones, thickeners, filters, elutriation tanks, holding tanks, mixing mills, pumps and pipes. Control instrumentation is a critical component of each of the process plant units. The impact of smelter practice on filling is not considered in this paper, except to note that some smelter slags are, or have the potential to be, active pozzolans and when ground to the specific surface area of Portland cement can act as partial Portland cement replacements, a factor of economic and operating significance when Portland cement supply lines are considerable and/or tenuous. The important role of process plant metallurgists has long been recognised, with Thomas, Nantel and Notley (1979) including them as one of the many categories of professionals with contributions to make. With the ever increasing sophistication of mine fill practice and its ever increasing acceptance as an essential component of the mining/ milling/waste disposal process, the scope for contributions by the modern breed of highly educated, specifically trained process plant metallurgists is becoming ever increasingly obvious.

Jan 1, 2006

By R McIlwraith, B Breul

"This paper discusses the successful use of bituminous geomembranes (BGMs) in mining applications since their development in 1974. It explains and illustrates the structure of a BGM composite, which is a geomembrane manufactured by impregnating a polyester geotextile with a compound of bitumen, elastomer and filler. Examples of applications of BGMs in the mining industry are also presented in the following contexts.Storage of solid waste: storage of mining waste at mines in Canada heap leach pads in France, Peru, Chile and Turkey at the base of a mining waste landfill in Brazil capping of solid mining waste in Chile and Canada temporary capping of mining stockpiles in Australia (with possible reuse of the BGM for other works).Examples of the application of BGMs for the storage of liquid waste in mining containment reservoirs in Canada, Guatemala and Peru will also be given.For each example given, reasons are supplied that supported the choice of BGMs by the clients and consultants, drawn from the following advantages of the BGM:BGMs have excellent puncture strength, due to the internal polyester reinforcement, as well as excellent ultraviolet resistance. This often eliminates the need for a cushion geotextile or cover soil over the BGM.BGMs have a very long life expectancy, in excess of 300 years, in subsoil conditions (Breul et al, 2004).BGMs can be installed in very harsh climatic conditions. They are suitable for high wind environments as their heavy mass per square metre makes them resistant to wind uplift. The low coefficient of thermal expansion means that BGMs are suitable for installation in mines where very low or very high temperatures are expected. This reduces construction delays and allows for a quicker use of the mining facility.The fact that the BGM can be installed by the mine’s own workforce, after appropriate training from the BGM manufacturer, allows for a more flexible construction sequence on the mine.Ability of the BGM to connect to other materials such as concrete, steel, rock and other geomembranes that may be on the mine site.The technical advantages of a BGM enabled the engineering consultants to prepare solutions for their mining clients that had a lower environmental risk, had a faster completion schedule and were overall a cheaper option than with a polymeric geomembrane.CITATION:Breul, B and McIlwraith, R, 2015. Bituminous geomembranes in mine construction, in Proceedings Tailings and Mine Waste Management for the 21st Century, pp 289–296 (The Australasian Institute of Mining and Metallurgy: Melbourne)."

Jul 27, 2015

By A Clarkson

Cannington Mine is an underground silver lead zinc operation located in north-west Queensland which has been in production since 1997. Ore is primarily moved through an underground material handling system comprised of a crusher, conveyor and hoisting shaft. The Fowler Shaft was constructed in 1997 using a strip and line method with the intent for it to provide a means to hoist ore from the loading station 600 m below surface. The shaft also serves as the route of key services including high voltage power, mine dewatering and fresh air. Despite the adherence to a mining exclusion zone, large-scale change in geotechnical conditions around the shaft were first observed in 2015. Ongoing ground movement around the shaft lead to cracking and delamination of the concrete liner. Shaft management required the on-site team to measure deformation rates and magnitudes, forecast change, manage rockfall risk and deforming pipework, and ultimately, hoisting skip clearance. Monitoring techniques to observe and measure deformation were required to evolve with the magnitude of movement. Some techniques leveraged off modern technology while some of the most useful techniques were based on logic and first principles. All shaft deformation management strategies relied on the co-operation and alignment between Cannington’s Infrastructure Maintenance, Survey and Geotechnical Departments.

Mar 29, 2023

By C E. Gawith

The Waihi underground mining operation currently mines epithermal veins ranging from two metres up to ten metres in width using a ‘Modified Avoca’ stoping method. This method consists of longhole bench stope mining at 15m to 18m sublevel spacing. The bulk of production drilling and blasting is top down with the extraction length of a typical stope panel nominally being 18m to 20m along strike. A stope panel is usually taken in two blasting cycles followed by the remote bogging of the stope ore. The panel is backfilled in-cycle using unconsolidated waste rock material which is tipped into the void from the upper level using a Caterpillar R2900 or R1700 sized underground loader. The underground mine first commenced production in 2008 and up until 2016, as was typical of many open stope mining operations at the time, an underground loader was used to place a waste rock bund at the top brow of the open stope. This rock bund was the principal means of protecting people and equipment from this hazard. In 2016 there was a fatality at the mine when a loader that had been tasked with building this rock bund fell into the stope void. Immediately post incident all mining and processing operations were suspended for a week to allow colleagues to grieve, to observe cultural protocols and to begin the investigation into this event. During this period senior operators, supervisory and technical staff developed an innovative system which used steel bollards to protect this open edge. With development over the following months this bollard system has eliminated this hazard from the Waihi underground mine.

Mar 15, 2021

By M M. Pande, M Ishfaq

The effect of aluminium on nitrogen solubility was investigated by equilibrating melt comprising master alloy of Fe-Al with pure electrolytic iron in a controlled atmosphere (pure argon) at 1873 K. Nitrogen in the samples was measured by sampling technique using inert gas fusion absorptiometry. It was found that nitrogen content decreases steadily with aluminium concentration and gradually, becomes close to 1 ppm for very high aluminium steels. Wagner’s second order interaction parameter formalism has been used to estimate the equilibrium constant and interaction parameters. Scanning electron microscopy (SEM) investigation showed, dual-phase inclusions comprising AlN phase surrounding alumina core. The 3D morphology of inclusions was studied by extracting the sample from the top and the central bottom portion of the solidified ingot. A sparse distribution of nitrogen was found for most of the inclusions which manifested the presence of almost pure alumina inclusions with different morphologies and sizes.

Jun 19, 2024

By W Y. Kim, Y B. Kang, Y J. Park

The phase equilibria in the Al2O3–TiOx system were investigated in wide ranges of temperature and oxygen partial pressure: 1300~1600°C and 10-16.6~10-8 atm, respectively. The equilibrium phases and their compositions were identified using X-ray diffraction (XRD) and electron probe microanalysis (EPMA), respectively. Most noticeably, a wide range of pseudobrookite solid solution was found in equilibrium with almost pure alumina. At each temperature, the cationic ratio expressed as RTi = nTi/(nAl + nTi)) of the pseudobrookite solid solution showed a noteworthy dependency on the oxygen partial pressure. This resulted in the formation of a broad range of pseudobrookite solid solutions, ranging from Al2TiO5 (RTi = 1/3) to Ti3O5 (RTi = 1.0). Complete miscibility within the pseudobrookite solid solution was observed at 1600°C, with only a minor miscibility gap becoming evident below 1500°C. Based on the results obtained in the present study, the behaviours of Al2TiO5 pseudobrookite have implications in two key domains: (1) understanding changes in the physical properties of the materials, and (2) elucidating the evolution of Al–Ti complex oxide inclusions in liquid steel which can deteriorate the steel cleanliness.

Aug 21, 2024

By B Belle

"Mines around the world are inherently and operationally diverse. Current methodologies for the design of mine ventilation and cooling infrastructure involve controlling major safety and health hazards. Globally, it can be estimated that mine ventilation systems from various commoditiescirculate over 150 000 m3/s of exhaust air through shafts. Additionally, over 2 000 000 workersare transported every day through shafts in labour-intensive mining countries like China, India,Southern Africa, and the Americas. A key objective of this paper is to share experiences and provide a case for the revision of ætime-honouredÆ ventilation design parameters based on a benchmarking exercise on design exhaust shaft velocity from various global operations (gold, diamond, platinum, coal and base metals). An active fi eld observation on exhaust shaft velocity has indicated that, regardless of the commodity or continent where the mine operates, almost all life-of-mine (LOM) design parameters provided are in the same range of 20 m/s to 22 m/s, which is not convincing considering signifi cant variations exist in shaft depths, geography, commodity, operating and capital costs. From a due diligence perspective, there are no documented views that are available on the most widely used design exhaust air velocity. Based on the global exhaust shaft velocity data, it is noted that a significant portion of shaft velocities are outside the current design velocity of 20 m/s (some operating up to 30 m/s) and other signifi cant portions of the exhaust shafts operate in the critical velocity range. In the case of Australian coal mines, limited data suggests that none of the mines have ever reached the LOM design exhaust shaft velocity. It is self-evident that when the shafts are not operating at their design quantities either the mine system resistance is low or the ventilation and main fan is operating ineffi ciently. The most common reasons given for not reviewing the shaft system were, ætime-honouredÆ design parameter are being used and cannot be changed, mine fan pressure limits, possible fan blade damage, possible spontaneous combustion risks, leakage or simply did not consider such a possibility. In conclusion, the study has reiterated the historic lessons that a safe and expensive airway should not be utilised uneconomically by circulating too litt le air through it."

Jun 1, 2012

The Emmaville district is located in the northern part of the New England region of New South Wales some 400 miles north of Sypney. Better known for its substantial production of tin and tungsten ores, the Emmaville district has also been the centre of a small and somewhat sporadic production of copper, arsenic, silver, lead and zinc. This production has come principally from three mines-Webb's Silver Mine, Webb's Consols and, to a lesser extent, Pye's Creek Silver Mine.The ores from these mixed sulphide deposits are texturally and mineralogically complex and the problems of beneficiation are rather formidable.GENERAL GEOLOGYThe main rock type of the Emmanville district is a dark, brown to blackish massive siltstone of Permian age which overlies acid volcanics possibly also of Permian age. In places the siltstone gives way to conglomerates and standstones with discontinuous lenses of calcareous sediments (David, 1887).The whole series is folded but because of the massive character of the more expansive siltstone, detailed structure is difficult to delineate.Toward the close of Permian time the area was intruded by a series of intermediate to acid plutonic and hypabyssal rocks. Mineralization within the region is ascribed to the more acid of these intrusives-granodiorite, granite, and quartz-felspar porphyry (Lawrence, 1957, 1960).No intrusive rocks outcrop in the immediate neighbourhood of Webb's Silver Mine though granite occurs two miles...

Jan 1, 1961

By J Berg, M Hahn, R Winkel

Imaging sensor systems designed for the mining and minerals industry incorporate different physical measurement technologies that can be used to detect the machine environment, such as laser, ultrasonic/sonar, video and RF-sensors. The underlying physical measurement principles cannot be employed in most applications near the face without regular maintenance due to the harsh environmental conditions like dust, dirt or moisture. However, that is the area, where imaging sensors are most valuable to the machine operator. In the domain of 2D radar sensors these have been either restricted by the angular coverage area or by limited adaptability of signal processing algorithms. The unique full digital solid state design will establish a generation step in mining applications.In order to fill this gap of terrain imaging sensors, the Institute for Mining and Metallurgy Machinery (IMR) of the RWTH Aachen University, in cooperation with the radar company indurad, developed an imaging sensor based on radar technology employing the digital beam forming (DBF) concept. Through multiple transmitting and receiving antennas the sensor delivers high accuracy range and angular information. Using adaptive digital signal processing with multiple imaging algorithms and target detection routines, data of the surrounding environment can be used to enable automation functions in mining.A comprehensive range of radar scans in different environments have been evaluated and benchmarked by using laser scanners. Accuracy measurements in range and angular direction have shown minimal differences. Experimental measurements have been performed at slopes, on conveyor belts and hot cement clinker silos. The experimental system uses a frequency modulated continuous wave (FMCW) front-end combined with a processing unit for signal analysis and target detection.

Sep 26, 2011

By Lynch K. S, Street R. P

Hamersley Iron's pellet plant at Dampier involves ore drying, dry grind- ing in ball mills, disc balling and, indurating by use of the straight grate system. After five years of operation, the plant's output has been increased from the design capacity level of 2 M.T.P.Y. to 2.5 M.T.P.Y. Steps taken in equipment modifica- tion, improvements in process control, and changes in maintenance procedures are described.

Jan 1, 1973

By B Beale

Bow-tie analysis is a commonly used tool to identify and display risks that have the potential for an undesired hazardous event. The output of the analysis are bow-tie diagrams, which are an effective and versatile communication format that can be applied to any type of risk. Contrary to their simplicity, a proper bow-tie diagram that maintains its usefulness and clear communication is difficult to build. Over two decades assisting Major Hazard Facilities with bow-tie analysis for Safety Cases, several common mistakes have been identified. This paper aims to highlight those issues with examples and provide improvement strategies. A sample of the most common mistakes are: - overly complicated risk analysis - poorly scoped and defined terms - poor descriptions and justifications - identifying too many dependent controls. Overly complicated risk analysis leads to wasted time in obtaining data for little gain. The bow-tie diagram is only a model. Effort should be redirected into identifying and managing controls that will make a tangible difference to site risk. Broad scopes lead to enormous and confusing bow-tie diagrams for both the user and the workshop team. Defining the scope of the study, the consequence severity of interest and critical control characteristics creates focused workshops and targeted analysis. With more definitive scope, there may be more bow-tie diagrams, however, they are succinct and specific. Well described causes are imperative for clear communication to users, regulators and future bowtie review workshop groups. It is best to use common wording structures and explain the event stepby- step. Also, clearly document any likelihood calculations and use data references where applicable. Identifying all possible controls creates a false sense of security that there are many layers of protection. In reality, most controls are dependent on a single system or person and could all be compromised from a single failure. A definition of a ‘bow-tie’ control is required whereby it must be independent from other controls. Improving the bow-tie analysis process will assist operators in developing meaningful and ‘operational’ bow-tie diagrams to support risk management systems and practices.

Apr 16, 2024

By M Jones

Legacy tailings storage facilities exist within operating mine sites across Australia. These tailings storage facilities are often viewed as rehabilitation liabilities but with considered assessment may prove to be a resource. Extraction of such a resource might add value to operations by providing cash flow during the development of new mines; providing supplementary mill feed for existing mines undergoing step changes in operations; and supporting mine closure activities. Hellyer Gold Mines is successfully extracting and reprocessing sub-aqueous material from legacy tailings storage facilities at their Hellyer operation in north-west Tasmania. The Hellyer tailings storage facilities contain poly-metallic material from the Hellyer and Fossey underground deposits dating back to the 1980s as well as material from tailings reprocessing activities by other operators of the Hellyer site. Hellyer Gold Mines is reclaiming sub-aqueous material using cutter-suction dredgers and reprocessing on-site. Hellyer is the only operation of its type in Australia and few such operations exist worldwide. Key learnings around the estimation of a resource for legacy tailings storage facilities have been acquired at Hellyer that can be applied to the assessment of other tailings storage facilities. The application of dredging as a mining method at Hellyer is delivered through collaboration with experts from outside the mining industry under the direction of a mining engineer. Key elements required for the planning and delivery of safe and efficient dredging inside tailings storage facilities have been identified at Hellyer and are presented to provide a road map to the development of other dredging operations.

Sep 1, 2024

By M Barkh, F X. Spachtholz

The mining industry faces significant environmental challenges in managing tailing ponds and wastewater treatment, including the risk of contaminated water, breaches of tailing dams, and energy-intensive treatment processes. Traditional methods involve pumping water to secondary treatment facilities for neutralisation, which is costly and poses operational and environmental risks. In response to these challenges, the Professional Mine Water Action Plan (PMAP) introduces a revolutionary approach that combines cutting-edge AI technology and environmentally friendly reagents for in situ neutralisation of acidic wastewater. PMAP leverages magnesium-based slowrelease reagents and AI-driven intelligent dispensing systems to optimise treatment processes within the tailing pond itself. The unmanned smart dispensing vessel (USDV) conducts bathymetry to gather data on water quality and hydrography, allowing the system to determine the appropriate reagent quantity and injection strategy. This approach transforms the tailing pond into virtual reaction columns, enabling individual and simultaneous water treatment while optimising efficiency. PMAP’s novel reagent demonstrates exceptional efficacy in removing critical metals like cobalt, nickel, and copper, as well as reducing harmful metals such as mercury and manganese to undetectable concentrations. Unlike traditional lime-based treatments, PMAP’s reagent prevents gypsum formation and reduces waste volume significantly, improving reagent utilisation and solid waste handling. Furthermore, PMAP technology offers benefits beyond environmental stewardship. By reducing water treatment costs and improving resource management, it enhances operational efficiency and aligns with broader corporate sustainability goals. Additionally, PMAP expedites permitting processes by eliminating the need for traditional water treatment infrastructure and mitigating risks associated with hazardous reagent transportation. Integrating PMAP as a pre-treatment for existing lime facilities provides further benefits, including optimisation of treatment operations, reduced reagent consumption, and the recovery of valuable metals from generated sludges. Overall, PMAP represents a groundbreaking advancement in mining wastewater management, showcasing the transformative potential of AI and environmentally friendly solutions to foster sustainable and responsible mining practices globally. Its inaugural project in the Yukon Territory aims to demonstrate its capability to remove contaminants from mine water, paving the way for widespread adoption in the industry.

Sep 1, 2024

By S B. Sheldon

Wall control programs tend to be expensive and consequently require financial justification in order to get approval for the expenditure required. The difficulty faced in getting this approval is that the outcomes of a wall control program are all subjective – a prediction of wall stability and what the wall would do with and without the program. Determining a net benefit is difficult and often justification of a wall control program is based on gut feel, history and a good selling campaign to build a perceived need.This paper outlines a simple solution to this problem by applying risk management principles to wall control. The process is to identify the risks to the operation associated with current wall conditions and then build a risk database for different potential scenarios for each risk. A financial impact is assigned to each risk scenario to complete the database. A consequence and likelihood analysis of each of the risks is undertaken and a formula applied to estimate the projected cost to the operation for the current risk profile. The process is repeated for the predicted wall control conditions after the application of the wall control program. A successful wall control program will reduce an operation’s risk profile so this projected cost should be less than that calculated for the current scenario. The difference in the two projected costs is the value that the wall control program has produced and this value can be used to determine the net financial benefit potential for the wall control program.This methodology can also be applied to other improvement programs that focus on risk reduction such as vibration control.

Nov 8, 2011