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By S-J. Park

When evaluating mining investment opportunities, one should consider the risks associated with mineral exploration and development. These are commonly classified as technical, economic, and political risks, and are accounted for in the investment decision by changing the discount rate. Thus, a company may use different discount rates associated with varying risks in order to compensate for the variability of success. The discount rate has a tremendous effect on the economic evaluation of mineral projects. Even when all other factors used as inputs for calculating the NPV (net present value) are equal, the project under consideration may be accepted or rejected depending upon the discount rate. Determining a realistic discount rate for a given project is therefore the most difficult and important aspect of cash flow analysis. It should be determined with the consideration of proper technical, economic, and political conditions surrounding the specific project undergoing economic evaluation. One key problem for determining the appropriate discount rate is that it typically depends more on subjective perception of the degree of risk or other experience factors than on a systematic approach. Thus, this study aims to identify, analyse, and document the type, role, and impact of risk factors influencing the determination of discount rates, and then to determine discount rate by using the aforementioned factors.

Jan 1, 2011

Book review AUSTRALIAN MINERAL INDUSTRY REVIEW FOR 1970 The Review is prepared by the Bureau of Mineral Resources, Geology and Geophysics, and gives an interesting and up-to-date account of the Australian minerals industry.

By J. N. Van der Merwe

"The probability of survival of coal pillars is a more rational indicator of stability than the safety factor. Over time, pillars undergo reduction in size by progressive scaling of the sidewalls. The probability of survival is therefore not constant but reduces over time. The rate of scaling can be quantified, and the reduction of the probability of survival as a function of time can therefore also be quantified. The paper describes the link between the factor of safety, probability of survival, and reduction of the probability of survival. Using the safety factor, probability of survival, and the time at which the probability of survival will reduce to 50% is proposed as a more rational method of evaluating pillar stability than the safety factor alone.IntroductionCoal pillar strength has long been the subject of research in South Africa and several other coal-producing countries. However, it began receiving serious attention only after the Coalbrook disaster in 1960. The most important outcomes of the initial investigations were the groundbreaking research by Salamon and Munro (1967) that resulted in the well-known power formula for pillar strength, and the work by Bieniawski (1969) that resulted in a linear formula for strength. The former approach was based on empirical back-analysis of failed and stable pillar cases, and the latter on in situ strength tests on large specimens.The Salamon and Munro (1967) formula has been widely used in South Africa and even adapted for application to hard rock pillars by researchers such as Hedley and Grant (1972).At the time of the initial work by Salamon and Munro, there were only 27 failed pillar cases suitable for analysis. It was not possible at the time to determine site- or seam-specific strength, and the result was a general formula for use in all seams in all mining districts. Since that time pillars have continued to fail and the database continued to grow – as of 2013, there were 85 cases in the database. Using the additional data, there have been a number of re-evaluations of the strength formula and it has also become possible to differentiate between the different mining seams and areas."

Jan 1, 2016

By Paul B. Crawford, Gerald N. Pitts

"A new method is introduced for the simulation by computer of the flow of liquid underground. The method has application in simulating, for example, liquid withdrawal systems, injection systems or injection-well systems. The computer simulation of liquid flow permits the utilization of the known properties of the rock in developing a model of the permeable rock mass.The flow properties of the rock at a specific site arc generated statistically using a random number generator. After defining in this manner the rock properties of each element in the computer grid, the streamlines or flow paths of the liquid are traced using the new method. The simulation is designed especially for computers. The meandering character of the liquids paths is displayed clearly as the fluid moves underground, thus providing the technical information required for the control of the movement of liquid."

Jan 1, 2014

By I. H. Clark

A variety of backfills is presently being placed in different gold mines. The backfills are pumped as slurries to stopes where they are discharged into some form of retaining paddock. The effectiveness of fill as a support medium will depend on a number of factors. These can largely include (i) inherent properties of the material, e.g. particle size, shape, distribution and com- position, and (ii) conditions of placement. The terminology required for describing backfills is introduced, and the various laboratory-measured properties are presented for a variety of fills. Finally, the properties of the fills as they are placed underground are discussed.

Jan 1, 1988

Production caving started for Lift 2 at Northparkes in August 2004. In a period of less than 3 months, more than 10 000 seismic events were recorded. Events up to local magnitude +2.9 were induced near the mine during caving, with event rates of up to 500 per day. This paper documents the seismicity related to cave initiation and cave propagation during the initial production of Lift 2. The seismogenic zone of events initially moved at a rate of about 0.5 metres per day, accelerating to 2 to 3 metres per day after a few months of cave production. Seismic data analysis infers that the crown pillar between Lift 1 and Lift 2 was destressed over a vertical height of about 100 metres. As the seismogenic zone approached the crown pillar, a macroseismic episode occurred, with more than 20 events of at least local magnitude +1 occurring in a two-week period. Based on the seismicity recorded for Lift 2 at Northparkes Mines, a caving mechanics model is proposed. Comments and suggestions are made for seismic data analysis and design of seismic monitoring systems in block caving mines.

Jan 1, 2008

1. Books from Elsevier The folowing are available from Elsevier Applied Science, Crown House, Linton Road, Barking, Essex IGl 8JO, OK. . Driling wastes, edited by F.R. Engelhardt, J.P. Ray, and A.H. Gilam. 1989. 872 pp. £95. Geothermal resources, by R. Bowen. 2nd ed. 1989. 468 pp. £60. The fate and efects of oil in freshwater, edited by J. Green and M.W. Tret. 1989. 340 pp. £42. Mining and the freshwater environment, by Martyn Kely (with contributions by W.J. Alison, A.R. Garman, and C.J. Symon). 1988. 228 pp. £32. 2. Books produced by Metal Buletin The folowing are available from Metal Buletin PLC, Park House, Park Terace, Worcester Park, Surey KT47HY, England. Prices and data 1990. £41 (airmail). Foundry directory and register of forges 1989-1990. £52 (airmail). 2. Canadian Publications The folowing two publications are available from the Canadian Government Publishing Centre, Supply and Services Canada, Otawa, Canada KIA 059. Mining and mineral processing operations in Canada. Mineral Buletin MR 224. $23.70. Canadian minerals yearbook 1989. Review and outlook. Mineral Report 38. $47.95. Technology developments The Mintek Pyrosim Simulator Pyrosim is a computer program for the steady-state simulation of pyrometalurgical processes?.

Jan 1, 1990

By J. H. Zietsman, S. Maharajh, J. Muller

In the chlorination process for TiO2 pigment production, blends of titania feedstocks such as ilmenite, synthetic rutile (SR), natural rutile, upgraded slag, and chloride-grade slag are reacted with coke and chlorine at a temperature of around 1000°C to form TiCl4, which is the main product, and other waste metal chlorides. TiCl4 is the main feed material for the TiO2 pigment-making process. Feeding different titania materials to the chlorinator affects the amounts of coke and chlorine required for the process, the amount of waste generated, waste disposal costs, the amount of TiCl4 produced, and bed build-up rates. These factors influence the value of the feedstock. Generally, a higher TiO2 feedstock is more valued since less waste is generated and less reagents are consumed. To quantify the impact of different feedstocks on the chlorinator, a techno-economic model was developed to describe the chlorination process and estimate process variables at steady state. This paper describes the development of the model and studies in which the model has been used to quantify the effects of using different feedstocks.

Jan 1, 2014

By FT Cawood

The latest Draft MPRRB was released for public comment in October 2006. The main purpose of the Bill is to collect royalties at mines developed in terms of new-order mineral rights granted through the MPRDA process. The transition phase stipulated in the MPRDA will be completed by 1 May 2009, on which date mineral royalties will become payable to the state. The royalty rates stated in the MPRRB differ from mineral to mineral and also depend on the degree of refinement. Gold is the subject of this paper, where the royalty rate ranges from 1.5% (for refined gold) to 3% (for unrefined gold) of sales revenue. This royalty is payable regardless of profit, with a maximum 75% relief for loss-making mines. The purpose of this paper is to establish whether or not it would be necessary for gold mines to adjust their mineral reserve statements as a result of this Bill. The methodology is to add the royalty costs stipulated in the MPRRB to the actual quarterly information for the past ten years as reported by the gold-mine members of the COM. The rationale is to investigate the impact this Bill (in its current form) would have had on gold reserves that must be left unmined in the ground because of a higher pay limit. The results of the study point to a significant impact on reserves available for mining with the subsequent shortening of mine lives and retrenchment of workers. Had the MPRRB been effective for the 10 years prior to 1996, it would have resulted in 46 tonnes of gold being sterilised. Stated alternatively, 30 700 workers at COM gold mines alone would have lost their livelihoods.

Jan 1, 2007

William Schreiner Findlay (1908 to 1980) had a distinguished career in the mining industry, to which a mere account of his appointments does not do full justice. However, they give some idea of his ability as an engineer and a manager.

Jan 1, 1981

By B. Strohmeier

An account is given of the use of a computer to control the performance of three ultra-high-powered electric-arc furnaces in Iscor 5 steelmaking plant at Vanderbijlpark, South Africa. Several of the reports and graphs printed by the computer are reproduced.

Jan 1, 1985

By I. D. Wood

The geostatistical methods given for the estimation of low-ash coal reserves take into account the geological structure of the seam, and consequently give far more reliable results than have been obtained in the past. Confidence limits are given for all the estimates.

Jan 1, 1979

By B. S. Agbenuvor, R. Morrison, V. Jokovic, C. Antonio

Body breakage usually involves breakage of particles by compression between two surfaces or impacted against a rigid surface, with the latter of interest in this current study. This mode of breakage has been identified to be the most elementary size reduction process and the most effective breakage process in comminution devices. It has been found in the literature that the progenies produced from this form of breakage possess a residual velocity at which they move, after the breakage event. In the pursuit of efficiently utilising applied comminution energy, a laboratory-scale breakage device has been developed to deliver precise specific impact breakage using the concept of a fast-moving hammer and a slow-moving particle to effect breakage. The residual velocities of the progenies from the breakage event may be used to generate secondary breakage without further addition of energy if the particle encounters a stiff obstacle such as a steel plate at right angles to its path. To measure the extent of secondary breakage, the steel wall of the device was lined with a rubber material to suppress the second set of breakage events. The performance of the new device is analysed, based on calculated t10 values and measured residual velocities of the moving daughter particles. Testing involving anvils showed a much finer PSD and higher t10 compared to the test involving rubber lining. This finding is corroborated by the measured residual velocities of the progenies. The resulting energies calculated from the measured residual velocities of the progeny were found to be approximately 42-88% of the primary specific impact energy. This retained energy was found to be sufficient for secondary breakage. Keywords: Impact breakage, residual velocity, secondary breakage, energy utilisation

Jan 1, 2020

By S. Banisi, M. R. Yarahmadi, S. R. Mortazavi

Nowadays the development of automatic on-line sampling systems has enabled large amounts of data to be available to plant managers. These data are inevitably prone to random and sometimes systematic errors. Data reconciliation methods are used to deal with random errors. In these methods, the measured data are adjusted in accordance to their error, so that the mass conservation law is satisfied at the same time. Measured data may also contain systematic errors, using these data in mass balancing software will result in inaccurate or even irrational results. In this paper three methods for detecting systematic errors (global test, node constraint test and maximum power constraint test) were presented. A step by step method to locate the systematic errors was demonstrated. Then, the new version of Movazen©, a mass balancing software, was introduced and used to locate systematic errors in the measurements taken from the Sarcheshmeh pilot plant copper flotation circuit. Keywords: Mass balancing, data reconciliation, random error, systematic error

Jan 1, 2020

By H. E. Bartlett

Previously, the grade of ore at the shaft head was taken to be equivalent to the grade measured in the faces by means of chip sampling. The tonnage mined from the stopes is determined from survey volumetric measurements. Estimates of shaft head grade and tons include the grades and tons of waste, development ore, sweepings from old areas, and other sources, not all of which are sampled. The tonnage of ore delivered at the shaft is often estimated using skip factors. These factors are subject to manipulation and not all the skips are filled to the same level. Consequently, both the grade and tonnage of ore delivered at shaft head are subject to a measure of uncertainty. For many years, these uncertainties have led to disputes between shaft managers and metallurgists over the reconciliation between shaft tons and grade and plant tons and grade. These problems are compounded when several shafts feed a central processing plant. Shaft bonuses and a shaft?s profitability are affected by poor gold allocation methods. Without measurement of the grade and tonnage from all shafts, a poorly performing shaft could benefit at the expense of the other shafts. In order to improve the measurement of grades and tonnage at the shaft head, which is the custody transfer point between the mine and surface operations, South African mining companies have developed a methodology to measure the mass of ore from each shaft using rail weighing equipment, and the run-of-mine grades delivered from each shaft using cross-stream (go-belt) sampling. Harmony Gold Mining Company has implemented the rail weighing and go-belt sampling methods for their shafts. This paper deals with the statistical tests on the procedures and control measures that are in place to establish confidence in the gold allocations. The metal accounting system for examining the allocations follows the first principle of the AMIRA P754 Metal Accounting Code of Practice namely ?The metal accounting system must be based on accurate measurements of mass and metal content. It must be based on a full check-in check-out system?. The check-in is mass and grade of run-of-mine ore and the check-outs are the plant input grades and the recovery and residue from the plant. The balances between check-in and check-out are the subject of the statistical analyses, which have been conducted using the classical statistical tests and procedures that are generally used in all fields of endeavour. It is concluded that the gold allocation procedures that rely on go-belt sampling and rail weighing of ore from shafts has been successfully implemented, and that the system, which has been in operation at Harmony since 1993, has won general acceptance from stakeholders, with the gold allocations being perceived as being fair to all. Apart from the on-mine issues of bonuses and fair allocations, accurate metal accounting assists in the broader issues of generating accurate production figures for management. An added benefit of weighing and sampling ore at the shaft head has been that shafts now have daily moving average grades, which are used for grade control. The go-belt sample at the shaft head is the first accurate sample of production in the value chain from face sampling to gold bullion. Keywords metal accounting, go-belt sampling, run-of-mine sampling, codes of practice, AMIRA P754, train weighing, statistical analysis, gold split, allocation of gold, metal balance, grade control.

Jan 1, 2014

By V. Oberholzer

The presence of fines (particles smaller than 6 mm in diameter) causes hydrodynamic problems in gasifiers and therefore it is of great importance to minimize the amount of fine coal in the feed. This serves as motivation for understanding coal?s breakage mechanisms, which could lead to the ability to predict the generation of fines. The aim of this project was to simulate the pulsating effect of the conveyor belt in order to investigate factors influencing the breakage. Results indicated that an increased initial particle size had an increasing effect in the amount of fines generated. Weathering had an insignificant effect on the breakage of coal. To conclude, a breakage model was developed to describe the rate of breakage out of the top size when a combination of two breakage modes is present.

Jan 1, 2009

By P. van der Steen

This paper examines the historical developments in diamond beneficiation technology and the impacts on the industry. The art of diamond beneficiation has given way to the application of scientific process, but at considerable capital expenditure. The shift in beneficiation methodologies has been disruptive to the traditional skills set of the industry, but evolutionary change continues and has been beneficial to the quality of the final product.

Jan 1, 2010

By T. Mützea, L. Schützenmeister, G. Kacheb

High-Pressure Grinding Rolls (HPGR) are employed in cement plants worldwide. Although the technology has been mastered in the majority of applications, design-, scale-up- and operationalchallenges still exist today. In addition to modelling throughput, energy requirement and comminution success, the prediction and avoidance of malfunctions is of great importance in current research. The performance of the mill is highly influenced by the roll speed and the fineness of the feed material. Another parameter influencing the composition of mill feed is the circulating load, which is determined by the grinding circuit configuration, the target fineness and the separation efficiency of the classifier. In order to meet this circumstance and simultaneously maintain a reasonable level of material input and testing effort, a complete grinding circuit on a small technical scale was set up in the research centre of Thyssenkrupp Industrial Solutions AG. The present study varied the roll speed (0.5-2 m/s) and the proportion of fines in the feed (0-75 %) in order to investigate the influence of both parameters on the finish grinding of a Portland cement with a target fineness of 4000 cm²/g according to Blain. The experimental results are compared with model concepts and critically examined with regard to their transferability to industrial plants. Keywords: Cement grinding, grinding circuit, HPGR

Jan 1, 2020

By D Olivier

De Beers' Finsch Mine is situated in the Northern Cape province, 170 km northwest of Kimberley. The concentrator facility, designed and constructed by Bateman Engineering, was commissioned in 1967 and upgraded in 1979 using diamond liberation and extraction technology available at the time of design. Since then significant advances in diamond processing and technology have been made and these -have been incorporated into the new main treatment plant and recovery plant flowsheets, making diamond liberation and recovery from the Pre-1979 dumps a viable economic option at Finsch."

Jan 1, 2010

By T. M. Louw, L. Auret, S. M. Bradshaw, F. F. Noelle

Modern industrial processes undergo frequent process state shifts due to changes in demand, feedstock or maintenance operations. Multimodal continuous process monitoring is therefore required for effective plant operation. Steady state analysis is a key component in effective multimodal monitoring. Various issues still remain in determining the starting and ending times of transition states. High dimensionality of process data is a characteristic that makes it difficult to select variables to consider when conducting steady state analysis. In order to address these problems, steady state detection on the principal component space is proposed. First, data undergoes principle component analysis to reduce dimensionality, then existing multivariate steady state detection algorithms are applied on the principle component scores. A novel algorithm, threshold PCA-SSD, is proposed and compared to an existing technique for steady state detection. The algorithms are investigated on high dimensional synthetic data Keywords: Multimode process, steady state detection, principle component analysis

Jan 1, 2020