Search Documents

By Zhang Chuanfu

Keywords: solid solution, Ni-Co alloy powders, thermal decomposition, fibres. Synthesis of fibrous Ni-Co alloy powders was achieved by thermal decomposition of precursor of complex Ni-Co oxalates solid solutions obtained via modified coprecipitation method among intimate mixing solution of NiCl2?6H2O , CoCl2?6H2O and H2C2O4?2H2O in the presence of surfactant polyvinylpyrrolidone (PVP) and organic solvent ethanol. Scan electron microscopy (SEM), X-ray diffraction (XRD), X-Ray photoelectron spectroscopy (XPS), disperse energy X-ray analyses (EDX) were used to characterize the structure features and chemical compositions of the as-prepared fibres. The influences of decomposition conditions, including temperature, time, the flow rate of N2+H2, and the heating rate, on the morphology, average size and specific surface area of the Ni-Co alloy powders were investigated. It is found that a trend of the mutual alloying of nickel and cobalt: the formation of perfect solid solution for any compositions NixCo100-x was indicated and corresponding NixCo100-x alloys with fcc phase can be obtained under the optimal conditions.

Jan 1, 2005

By John C. Machisak

INJURY data and experience, with related employment statistics, at coal mines in the United States for 1958 are presented in this publication under the following general sections: (A) General injury experience: Tables 1 to 6: Current data on number of injuries, degree of injury, frequency and severity rates, average severity, and related employment and production data by work location. (B) Selected injury experience: Tables 7 to 38: Current data on principal agencies of injuries, distribution of injuries by part of body injured, days of disability, extent of hand and machine loading, experience by employment and production groups, and various other operating factors and physical conditions related to the occurrence of injuries at the Nation's coal mines. (C) Injury experience by States: Tables 39 to 43: Current data on injuries, their causes, rates of occurrence and severity; employment and production data by work location, by States. (D) Major disasters: Table 44: Data on major disasters from 1949 to 1958. A major disaster is defined as a single accident in which, or as a result of which, five persons or more are killed instantly or die at any time thereafter. (E) Historical coal-mine-fatality experience: Tables 45 to 49: Data on fatalities and their causes at bituminous coal, lignite, and anthracite mines from the earliest records through 1958.

Jan 1, 1961

By D. Brand

"The risk management objective of the AMIRA Code of Practice for Metal Accounting has seldom been systematically investigated in the literature up to the authors’ knowledge. Risk is defined in the Australian Standard on Risk Management (AS/NZS 4360:2004), as “the chance of something happening that will have an impact on objectives”. The simplified economic analysis performed in this paper has lead to define “something happening” as measurement non-representativity and “impact on objectives” as NSR loss from the optimal NSR. This has pinpointed a missing link being the establishment of a relation between NSR in flotation plants and measurement representativity. The proposed framework, referred to as the total cost of representativity, answers the previously unanswered question of how much accuracy/reproducibility is fit for purpose in a given flotation plant. Authors readily acknowledge that it is way easier to assess the cost of accuracy/reproducibility than the cost of inaccuracy/irreproducibility. However, this exercise not only answers previously unanswered questions but also establishes an essential link with operational excellence. This paper exposes why such operational excellence could neither be attained nor proved without a state of the art metal accounting system. This should impact not only how metal accounting systems are audited/designed/refactored, but also how flotation plants are designed.IntroductionBecause representative metal accounting is a vital source of information for the financial accounts of a mining/metallurgical company, the need for a code on metal accounting was recognized in 2001 and a team was formed in 2003, under the sponsorship of several major mining houses, to produce such a code. Table 1 exposes the two main objectives of this AMIRA Code of Practice for Metal Accounting."

Jan 1, 2017

By Eric Jacobs

"Building and operating tunnels has been a highstakes endeavor in terms of costs, complexity, safety and impact on contractors, owners and the public for a long time. There are many variables that need to be closely monitored and managed to construct a tunnel on-time, on-budget and safely. Once built, there are also many elements that need to be monitored and managed to operate a tunnel safely and efficiently.Fundamentally, the risks to the safe and efficient construction and operation of a tunnel are a function of the degree of harm and the likelihood of the harm occurring. From a cyber security perspective, risk assessments used to inform decision makers and support risk responses are typically based on identification of relevant threats; internal and external vulnerabilities; the impact that may occur given the potential for threats to exploit vulnerabilities and the likelihood that harm will occur. This article focuses on creating awareness of vulnerabilities associated with technology used in tunnel construction and operation and some of the challenges associated with remediation of these vulnerabilities. As we all know, technology has been evolving at an accelerating pace and infiltrating every aspect of our lives in new and often exciting ways. In the world of tunneling, sensors and systems that provide position and time have become accurate, rugged and cost-effective enough to come out of the research labs and into the equipment and systems used every day. There are many opportunities to employ connected computing devices and sensors to costeffectively capture, integrate and analyze key data with minimal latency to manage risk better, improve safety and avoid surprises."

Jun 1, 2019

By W. A. Selvig

EQUIREMENTS of montan wax for industrial use in the United States before World War II were met by imports, nearly all of which came from Germany. An important industry for extraction and refinement of this wax from certain brown coals had developed in Germany. At the beginning of the war, montan-wax imports were shut oft, and American industry was forced to rely largely on substitutes. Since the war, relatively small amounts have been imported from Czechoslovakia. Because of the shortage of montan wax at the close of the war and the fact that industry in the United States had to rely on foreign sources in the past, this investigation was started in 1945 to determine probable yields of wax from domestic lignite. Results of the investigation and the properties of extracted waxes are described in this report. Also included in the report are discussions of the occurrence and geology of lignite deposits of the United States from which samples were obtained for wax extraction and the petrographic composition of lignites, particularly in respect to those components that contribute to wax yields.

Jan 1, 1950

By R. B. King

This document was prepared by the DFI International Grouting Committee with the intent to provide a summary of main Standards and Guidelines available for the North America and Europe grouting industry. This document highlights the different approaches, methods and tools used internationally. The DFI International Grouting Committee comprises all parties involved on a grouting project: Owners, regulators, engineers, contractors, and manufacturers (equipment and materials). This document is not intended to cover every conceivable application or requirement of grouting. However, it does provide standard practice requirements for qualifications, materials, equipment, testing, and production procedures for the professional engineer to incorporate into their project specific requirements.

Jan 1, 2021

By A. Fahimifar, H. Soroush

Abstract: In order to develop non-destructive methods in studying physical and mechanical properties of rock and replacing them with difficult and expensive static methods, several ultrasonic tests were carried out on cylindrical rock specimens in accordance with the ISRM suggested methods and velocity of P and S waves were determined. Also, density, porosity, water absorption, uniaxial compressive strength and indirect tensile strength were determined for each specimen in accordance with ISRM suggested methods. According to above tests static and dynamic elastic constants were calculated After statistical analysis of data obtained from tests, the relationships between velocity of elastic waves and physical or mechanical parameters were determined and some equations were obtained. Also similar analyses were performed on static and dynamic constants and some equations were extracted. Using these equations, the physical and mechanical parameters of rock and also static elastic constants can be estimated by conducting simple and quick tests (i.e. ultrasonic tests). Abriß: Um zu entwickeln, die zerstörungsfreien Methoden für Studieren die physischen und mechanischen Eigentümer von Steinen und auch ist für Ersetzen diese Methoden mit schwierigen teuren statischen Methoden, mehrere altrasonic Prüfungen auf zylindrischen Steinproben gemäß ISRM anregenden Methoden und den Geschwindigkeiten von S und P Wellen bestimmt worden sind durchgeführt worden. Außer der Dichtheit und der Porosität betonen Wasser Aufnahme und monoaxial Widerstand und dehnbaren indirekten Widerstand jeder Probe betreffend der erhaltenen Ergebnisse die atmosphärische Aufladung sind bestimmt worden und die dynamischen Faktoren der Steine sind kalkuliert worden. Nachdem statistische Analyse die Korrelation der Ergebnisse zwischen der Geschwindigkeit elastischer Wellen und mechanischer und physischer Eigentümer der Steine erhalten worden ist, und mehrere Verhältnisse sind vorgeschlagen worden. Eine ähnliche Analyse ist auf atmosphärischer Aufladung und dynamischen Faktoren durchgeführt worden und einige Verhältnisse sind erhalten worden. Mit Hilfe dieser Verhältnisse die physischen und mathematischen Eigentümer von Steinen und auch können die Statistik Faktoren durch einfachen und schnellen altrasonic Prüfungen erhalten werden. Resume: Puor le development des method non-destructive et evaluuation des propietes physical et mechanical des rock et superseding avec les methods dificzle et cher statique, c‘ est fait plusieur essayes ultrasonique sur les echantillons cylinrique et par a port le proposale TSRM et le vittesse des ondes P et S et densite et porosite et absorption des eaux le resistant de pression uniaxial et resistance de chaque echantillon est determinee. A la fin en base des resultat obtenue les constant statique et dynamique des roches sont calcule. Apres les analyses statistiquc sur les resultat obtenue du les essaybs, c‘ etait produit les relation entre les viptesse les ondes elastique et les proprietes physic et mechanicue des roches et c est propose quelque relations. Aussi le meme enterpretation sur les constant statique etdinamique. En possezon de ces relations, les spesificatio physique, aussi on peut trouver leur constant statique, avel les essayes sample et raptid a d ultrasonique.

Jan 1, 2003

By L. BENEDICT

COMMENTING on the report of the latest Royal Commission for India, the September, 1926, issue of the National City Bank's monthly letter states, among other things, that "The decision of the Royal Commission is against the proposal for a gold coinage, but in favor of placing the silver coins and paper currency now redeemable in silver on a gold basis." Also, it quotes the following from the Royal Commission's report: The essence of the proposal * * * * * is that the ordinary medium of circulation in India should remain as at present the currency note and the silver rupee, and that the stability of the currency in terms of gold should be secured by making the currency directly convertible into gold for all purposes, but the gold should not circulate as money. It must not circulate at first, and it need not circulate ever. In this connection it may be stated that during the last one hundred and fifty years or so unsuccessful attempts have been made by the governments of different nations of the world to devise a plan or plans by which gold and silver could be used concurrently for money purposes and, particularly, as standard money; such, for example, as bimetallism, which, of course, is impracticable. But, since none of such plans has been adopted generally it is logical to conclude that their proponents did not shape them so as to conform to the basic principle of standard money, or else political issues were deemed to be dominant, or, perhaps, it was partly due to each.

Jan 1, 1926

By E. H. Henderson

Introduction Stamp-Milling and amalgamation is, perhaps, one of the oldest processes of recovering gold from its ores. Many papers, theses, and textbooks have been written on the subject of stamp-milling practice in general, but, to my knowledge, there have been no publications describing the modern stamp-mill as designed, developed, and operated in Nova Scotia. Although it may be said that the gravity stamp-mill is the most primitive, and perhaps the crudest, crushing machine in existence, it is at the same time the most satisfactory all-round milling and amalgamating device yet contrived. Originating in Saxony, and used in North America first in Virginia and Georgia, the stamp-mill, in a primitive form, later found its way to California and Colorado. Here, it speedily developed from an affair of wood shod with iron, and operated with the crudest gearing, to substantially its present form. Briefly, it consists (see Figure 1) essentially of a series of hammers (the stamps), which fall upon a mixture of ore and water contained in a cast-iron box (the mortar). The resulting crushed ore (the pulp) is splashed out through a screen on the front of the box. For some years after the discovery of gold in Nova Scotia, in 1861, the ? arrastra and Chilean mill were used to recover the gold from the rich ores. The stamp-mill followed, and various types were used, principally the California and Gilpin County types. Then, in 1895, Mr. M. R. O'Shaughnessy, one of our foremost amalgamators, conceived the idea of a new type of stampmill, which has since become standard in Nova Scotia gold mines. This mill, unique in its design and operation, is specially adapted for the most efficient extraction and recovery of gold as it occurs in our Nova Scotian ores. It is commonly known as the Underwater Feed type, as opposed to the usual Overwater or Top Feed type, and it may be rightly termed The Nova Scotia Self-Classifying Stamp Amalgamation Mill. It is conceded by experienced mill-men that it is superior to any other type of mill for recovering the very coarse and granular gold typical of the ores of this Province. The particular installation and practice to be described in this paper is that of the Guysborough Mines, Limited, at Goldenville, Guysborough county. Emphasis will be laid on certain operating innovations of extreme simplicity and high efficiency.

Jan 1, 1935

By A. Thatcher, C. Day, C. Meyer

The purpose of this paper is to provide general information about the bioaccessibility of metals and specific information about the use of bioaccessibility in risk assessments (human health risk assessments [HHRA] or ecological risk assessments [ERA]) and a list of sites where regulatory agencies have approved the use of bioaccessibility data in risk assessment. The memorandum also cites current U.S. Environmental Protection Agency (USEPA) guidance as well as state specific guidance where applicable. BRIEF HISTORY OF METAL BIOACCESSIBILITY TESTING AND METHODS The bioaccessible fraction of a constituent is that fraction that dissolves or desorbs from its matrix (e.g., soil) in the gastrointestinal tract and is available for absorption (USEPA 2007a; ITRC 2011; ITRC 2017). This is different from the bioavailable fraction, which is the percentage of the amount of an element that an organism is exposed to that is absorbed by that organism during a given time under defined conditions (USEPA 2007a). The bioaccessibility factor is the percentage of a metal that is potentially available for absorption and, therefore, is a conservative estimate of the bioavailable fraction since all that is available for absorption may not ultimately be absorbed into the organism’s system. Currently, there are two main techniques for estimating bioavailability of metals within a medium: in vivo animal studies (time-consuming and often cost-prohibitive), and in vitro tests that simulate human, or animal digestion in a laboratory setting. In vitro and in vivo test methods and protocols have been extensively evaluated by numerous researchers (Ruby et al. 1996; Rodriguez and Basta 1999; Sips et al. 1998; Sips et al. 2001; Molly et al 1993; Oomen et al 2002; Kelley et al. 2002; Oomen et al. 2003; Furman et al. 2006; Drexler and Brattin 2007; Basta et al. 2007; Wragg et al. 2009; Wragg et al. 2011; Chaney et al. 2011; Bradham et al. 2015; Bradham et al. 2018). The most recent scientific literature demonstrates that protocols used to estimate the bioavailability of metals to mammals also predict bioavailability of metals to birds as well (Beyer et al., 2016).

Jan 1, 2019

By V. F. Parry

[Approximatel~r 7-1/2 illion tOlls of subb1tnminous coals are mined an-nuall in Colorado, Wyo~ing, and Montana, of which 50 percent probably reaches dome ,-tic conswno:os. r:L'he moi s t'_re of the se subbi t1.Uninous coal sis high, averae;:t.:ug about 25 :!,)ercent \-Then they are :nined. T'ne coals are non-caking d ~~ack to a vari ble degree when exposed to nornal atmospheric conditions. ~hey a~e gpod domestic fuels, are considered to be smokeless in most furn~ces, and have been used. f, r f!1an: y ars in hand-fired domestic furnaces in hich tnc practice i~ to e~ploy large lureps for efficient com-]

Jan 1, 1941

By Bülent Erdem, Zekeriya Duran, Tuğba Doğan

The objective of this study was to evaluate the potential health risk associated with exposure of dozer operators to whole-body vibration. Measurements were made on 31 dozers used in different surface mines in Turkey. Predictions of adverse health effects of vibration were based on the standards BS 6841:1987, ISO 2631–1:1997, ISO 2631–5:2004, and the EU Vibration Directive:2002. Operators experienced high and comparable levels of vibration acceleration and dose during all dozer tasks: pushing the material (DOZE), moving forward (FORWARD), moving backward (REVERSE), and ripping (RIP). Specifically, DOZE, FORWARD, REVERSE, and RIP showed high potential of adverse health effects in terms of vibration dose according to the worst-case axis and vector sum criteria and a moderate adverse health effect for acceleration according to the worst-case axis criterion. Operators of large dozers were exposed to lower levels of vibration. However, no statistically significant relationship between vibration exposure levels and the propelling mechanism and the service time of dozers, operator experience, operator age, and ground type was found.

Jun 16, 2022

By Donald Koch

The project investigated regional impacts of mining on the ground water system of the Powder River Basin by: 1) establishment of a regional ground water monitoring network, and 2)development of , set of digital computer models to simulate ground water flow and quality, ground water contributions to surface water flow and quality (i.e., baseflow), and watershed run-off and recharge. Over 100 wells were monitored for physical and chemical parameters. Data were used as input to the model; and for the development of a comprehensive data base. The basin was modeled on a regional and subregional scale using a finite -difference model employing an alternating difference technique. Two water-shed models were evaluated for their ability to provide runoff and recharge inputs to the basic ground water model. Application of the regional and subregional models using conservative mining scenarios showed that drawdowns may extend west from the mines as far as ten miles but that impacts would be insignificant on a regional scale. The watershed model could be effectively applied to small watersheds only.

Jan 1, 1982

By F. Samimi Namin

During the process of developing surface or underground mines, some sites are considered for dumping of surface soils, while others are applied to reclaiming surface and waste disposal. For each kind of overburden, whether it be waste rock, low-grade material, or process tails, a separate storage site is considered so that it becomes possible to transport or recover the overburden separately. Decision-making must be completed by means of a selection process which takes into account the best methods of alternative sets in order to achieve these goals. This decision- making involves many parameters that are inter-related in that changes in some parameters affect the others. There are many methods of decision-making, however, Fuzzy Multi-attribute Decision-making (FMADM) and its functions are studied in this paper. The advantages of this method lies in its theoretical background, formulation, revising capability, unlimited alternatives, and consideration of the counteraction of the different parameters upon one another.

Jan 1, 2007

By R. Katzenbach, M. Vogler, U. Adamietz

Abstract The design of deep excavation pits in rock mass is dependent as well on the mechanical properties of the rock mass as for example the orientation and the type of discontinuities like bedding planes, joints and fissures, the length of the discontinuities (persistence), the grade of weathering, the strength of rock mass, and the shear strength in the discontinuities, etc., and also on the respective boundary conditions specific for the project, and here especially the geometrical boundary conditions. The basic mutual influences and interactions between these boundary conditions are explained and exemplary presented at an excavation pit with a depth of 18,5 m, situated at a slope with a surface near groundwater table. Résumé La planification des excavations profondes dépend aussi bien de la qualité mécanique du roc, par exemple la location de la texture de la surface de moindre résistance, le degré de rupture, le degré de décomposition, la dureté du roc et la résistance limitée au cisaillement de la texture de la surface de moindre résistance que des conditions limitées spécifiques pour le projet, ici en particulier des conditions limitées géométriques. Les influences et interactions essentielles et mutuelles entre les conditions limitées isolées seront expliquées et présentées à l’aide d’une excavation 18,5 m de profondeur, située sur une pente où le niveau des eaux souterraines est près de la surface. Kurzfassung Die Planung tiefer Baugruben im Fels hängt sowohl von den mechanischen Eigenschaften des Fels wie z.B. der räumlichen Lage des Trennflächengefüges, dem Durchtrennungsgrad, dem Verwitterungsgrad, der Gesteinsfestigkeit sowie der Scherfestigkeit des Trennflächengefüges als auch von den projektspezifischen Randbedingungen hier insbesondere von den geometrischen Randbedingungen ab. Die wesentlichen gegenseitigen Einflüsse und Interaktionen zwischen den einzelnen Randbedingungen werden aufgezeigt und an einer 18,5 m tiefen Baugrube in Hanglage mit oberflächennahem Grundwasser vorgestellt.

Jan 1, 2003

By K. K. Kelley

This work is a continuation of a program of study of the measurement and correlation of fundamental thermodynamic data inaugurated several years ago by the United States Bureau of Mines. Previous bulletins in this series were concerned with (1) The Entropies of Inorganic Substances (66),3 (2) High-Temperature Specific-Heat Equations for Inorganic Substances (67), (3) The Free Energies of Vaporization and Vapor Pressures of Inorganic Substances (68), (4) Metal Carbonates-Correlations and Applications of Thermodynamic Properties (71), (5) Heats of Fusion of Inorganic Substances (69), and (6) A Revision of the Entropies of Inorganic Substances-1935 (70). The present bulletin has as its primary purpose the correlation of the thermodynamic properties of elementary sulphur and its inorganic compounds and the presentation, after careful consideration of all available information, of a self-consistent system of thermodynamic relationships for these substances. It is believed that such a set of relationships, concerning substances of such great metallurgical importance as sulphur, sulphur oxides, hydrogen sulphide, metal sulphides, and metal sulphates, is of considerable value in indicating directions of possibly profitable experimental work and in clarifying subjects of technical interest upon which direct experimental information is difficult and expensive to obtain. It cannot be doubted that many problems of technical importance that at the outset appear almost hopelessly complex or obscure either may be solved, if enough information is available, or the specific lacking information clearly indicated by the adoption of the thermodynamic viewpoint. This has been demonstrated many times in the work of the Metallurgical Division, Pacific Experiment Station, Berkeley, Calif. Even when only crude basic information is available, a semiquantitative picture often may be developed by thermodynamic means in which general trends and approximate limits of a proposed process or modification of practice may be clearly portrayed and thus used as guides in further considerations and experimentation.

Jan 1, 1937

CONTENTSThe significance of values givenINTRODUCTIONTHE ORE1. DATA SECURED FROM THE MILLING PLANT AS OPERATING BETWEEN 1938 AND 1942(a) Mill Recoveries(b) Mill Flow Sheet(c) Scheelite-Garnet Association(d) Detailed Examination of Mill Performance during 1942Crushing UnitsCoarse Rolls DischargeFine Rolls DischargeFeed to Huntington MillsFinal Ground ProductProduction of -200-mesh Scheelite SlimeSummary of Information on Crushing and Grinding Circuit(e) Detailed Examination of Mill Performance During 1942Concentrating UnitsLocation and Nature of Scheelite LossesSize Distribution of Scheelite LossesDistributor Spigot ProductsSummary of Information on Concentration Circuit(f) Detailed Examination of Mill Performance During 1942 Gravity Plant Feed2. EXAMINATION OF MINE SAMPLES TAKEN DURING 1942(a) Introduction(b) Nature of the Ore(c) Sampling of Mill Feed(d) Testing Technique(e) Minus 1/8-inch Ores-Naturally Broken Fractions(f) Recoveries from Plus 1/8-inch Fractions-Crushed to Minus 1/8-lnch(g) Probable Recoveries Obtainable from Weathered Ores140 Contour120 Contour90 Contour(h) Examination of an Ore Sample from the 90-foot Adit(i) Run-of-Mine Ore(j) Evidence of Maximum Sizes of Scheelfte Present in Run-of- Mine Ore(k) Summary of Information on Liberation and Recovery from the Ores as Mined in 1942 and from the Mill Samples

Jan 1, 1944

By Yi-Shen Li

This report has been prepared by Lockheed Missiles & Space Company, Inc. (LMSC), under United States Bureau of Mines Contract No. H0220040 dated 21 June 1972 for the design, development, fabrication, and certification of the One-Hour Self-Rescue Breathing Apparatus (PBA). The PBA is a self-contained, oxygen-generating, CO2-removing closed-loop breathing apparatus that provides a minimum of 1 hour of breathable atmosphere during escape from a mine with a contaminated or oxygen-deficient atmosphere. This Cost-Plus-Fixed-Fee (CPFF) contract has been successfully completed in a three-phase program. The Phase I tasks included the design, development, and fabrication of prototype units developed at LMSC in accordance with the requirement of the Code of Federal Regulations (CFR) Title 30, Chapter 1, Subchapter B, Part 11 (Appendix A), and was submitted to the National Institute for Occupational Safety and Health (NIOSH) for joint NIOSH and Bureau of Mines certification testing.

Jan 1, 1974

By Steve Kral

Despite low commodity prices and mining industry cutbacks throughout the world, Peru remains one of the industry’s bright spots. The country’s remarkable economic turnaround during the 1990s remains a model for other developing nations to follow. And the Peruvian government has not forgotten the industry that was instrumental in that turnaround. True, the country has not been spared the effects of the mining industry’s retrenchment that has occurred in other parts of the world. However, foreign mining companies remain committed to doing business in Peru. And the government remains committed to attracting foreign investment and maintaining a strong mining industry. This commitment was evident in September 1999during the 24th Convention of the Institutos de Ingenieros de Minas del Peru in Arequipa, Peru. More than 3,000 mining industry professionals from around the world attended the convention. And Extemin, the accompanying exhibit, featured more than 450 companies, many from the United States, Canada, Australia, South Africa and other countries.

Jan 1, 2000

By P B. Card

"The website www.economicevaluation.com.au, which had its origins at the Project Evaluation Conference 2009, provides a free way for industry professionals to teach themselves economic evaluation. At its core is a set of fast-moving modules and three worked examples.The website recognises that economic evaluation is a discipline with a hierarchy of three levels:decision-makingevaluating the project/businesshands-on modelling.There are a set of modules for each level that describe the concepts and activities in detail. These emphasise that the most important and rewarding work is the evaluation of Level 2. The economic model created in Level 3 is merely a working tool and should not become a sophisticated ‘trophy’ in Excel that only one or two people can comfortably use.Hands-on modelling contains three sets of practices designed to make any model rigorous and intuitive so that it can be easily understood and used by others in the project team. Even if the model develops into a long, detailed and complex workbook, it should remain easy to follow and be intuitive. The website advocates freedom to devise any architecture that best suits the project under study, but promotes rigour through the following practices:four cash streams and graphsthree architectures – concept, prefeasibility and feasibilitysix principles.The modules in the Level 2 evaluation use conversational language to describe in detail the broad range of activities needed to properly understand and characterise a project/business. It stresses that net present value is nothing more than the mathematical treatment of a whole set of opinions, is not an absolute truth and is only a fraction of the evaluation process. The modules describe in detail the range of economic metrics that should be computed and the full spectrum of equally important characterisations required to make the decision in Level 3.CITATION:Card, P B, 2016. Teach yourself economic evaluation, in Proceedings Project Evaluation 2016, pp 160–171 (The Australasian Institute of Mining and Metallurgy: Melbourne)."

Mar 8, 2016