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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 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 I. M. W. Preston

A new shaft system was required to replace stope face for the North Section of Harmony Mine and to allow for systematic opening up of the North Eastern Section. Owing to the economic circumstances at the time the project started, it became vital to alter the original planning and to sink the service shaft first. The MATLA coal-sinking headgear, a novel presinking arrangement, allowed sinking to continue to 108 m concurrently with the erection of the permanent sinking headgear and sinking winders. It is estimated that this arrangement resulted in a saving of two months on the overall project.

Jan 1, 1983

By M. Buchmann, T. Mütze, F. Heinicke

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

Jan 1, 2020

By S. W. Jacobsz, Y. Narainsamy

Several high-impact tailings dam failures around the world in recent years have placed a renewed focus on the stability of tailings dams and pointed to potential shortcomings in traditional drained design and safety evaluation procedures. A need to consider undrained shear strength in the design of tailings facilities has become apparent. However, there are specific requirements that need to be met before undrained shearing occurs. In South Africa, the last major failure was likely the Merriespruit disaster in 1994, which leads to the question of whether the conditions required for undrained shearing are readily applicable to South African tailings dams. This paper describes research at the University of Pretoria that has recently commenced to further investigate the conditions required for undrained failure to occur. The research includes laboratory and field testing to replicate these conditions in the laboratory and relate them to those found in an active tailings dam.

Jun 2, 2022

By S. Ata, Y. Pan, S. Gautam, G. Bournival

Bubbles play a vital role in flotation, and their properties directly affect the flotation performance. Xanthates are one of the major collectors used in sulphide mineral flotation. It is often believed that their main function is to render the desired mineral surface hydrophobic, which is essential for the mineral particles to attach to air bubbles. This paper takes a systematic approach to assess the influence of potassium amyl xanthate (PAX) at the air–liquid phase and its interaction with the frother in the concentration of range 10–5×104 ppm. Bubble size was measured in a laboratory flotation cell using a photographic technique and the stability of bubbles was quantified in terms of coalescence time -, the time required for a bubble pair produced at adjacent capillaries to merge into a single bubble. Bubble size reduction of up to 26% was observed with increasing PAX concentration in the cell. The bubble coalescence experiments using PAX only showed that the bubbles coalesced quickly at lower concentrations (10–50 ppm), but they stayed extremely stable at higher concentrations (1×102–1×104 ppm). Further experiments were carried out where the concentration of PAX was fixed at 1 ppm and 4- Methyl-2-pentanol (MIBC) concentration was varied. The synergetic action of PAX and MIBC significantly improved the stability of bubbles in the mixed system, and is even compatible with a stronger frother. The results strongly suggest that the role of PAX at the air–liquid phase should be considered in the practice of sulphide flotation. Keywords: Bubble size, bubble coalescence, PAX, bubble stability

Jan 1, 2020

By D. F. Malan, T. E. Oates

A recent experimental pillar extraction project at a UG2 bord-and-pillar mine presented a unique opportunity to compile a new pillar database. Currently, the South African hard rock bordand- pillar mines are designed using the Hedley and Grant formula with a modified K-value. This empirically derived formula was developed for uranium mines in the Elliot Lake district of Canada. The use of this formula for the design of pillars in South Africa is questionable. Very few pillar failures have nevertheless been observed and its current calibrations for the various reef types are possibly too conservative. A new UG2 pillar database of 66 pillars, of which seven are classified as failed, was compiled by the authors. This enabled a revised ‘first-order’ calibration of the K-value for the Hedley and Grant formula. The new estimated value for the UG2 is K = 75 MPa. This gives a pillar strength that is more conservative than the PlatMine formula. This work should nevertheless be considered as only a preliminary calibration as the database was small. Further work is also required to determine whether the exponents in the formula for the width and height parameters are appropriate for UG2 pillars.

May 3, 2023

By D.W. Gentry

1. Book reviews Mine investment analysis, by D.W. Gentry and T.J. O'Neil. Society of Mining Engineers (Caler No. D, Litleton, CO 80127, U.S.A.). US$50.Finance for the mineral industry, by C.R. Tinsley, M.E. Emerson, and W.D. Eppler. Society of Mining Engineers (Caler No. D, Litleton, CO 80127, U.S.A.). US$50. 2. Mintek reports The folowing reports are available from the Council for Mineral Technology, Private Bag X3015, Randburg, 2125 South Africa. They are free of charge to South African addressees, but there is a handling charge of US$25 per copy for reports sent to overseas destinations. Report M291D Removal of pebbles and pre-crushing of selected feed material in autogenous milling, by D.I. Hoyer. First issued Nov. 1986, reissued Apr. 1988. 16 pp Report M350 A survey of miling and mil-lining practice on South African gold mines, by M.S. Powel. Jun. 1988. 30 pp Report M356 The distribution of cobalt in mineral constituents of the Merensky Reef and UG-2 Chromitite Layer of the Bushveld Complex, by G. Smits. Jut. 1988. 13 pp Report M359 The development of a mobile laboratory for the monitoring of gold and cyanide in alkaline cyanide solutions, by R.V.D. Robert, C. Pohlandt-Watson, H.J. du Plessis, and G.D. Marshal. Aug. 1988. 17 pp. Productivity and technology The Metalurgical Society and Geselschaft Deutscher Metalhuten-und-Bergleute are sponsoring the Symposium on Productivity and Technology in the Metalurgical Industries, which is to be held in Cologne, West Germany, from 17th to 22nd September, 1989.Non-ferrous smelting Commemorating a centenary of lead smelting and refining at Port Pirie, the Conference on Non-ferous smelting wil be held at Port Pirie from 17th to 20thSeptember, 1989. International trade fairs From 20th to 26th May, 1989,4 major international trade fairs wil be held in Disseldorf, West Germany.

Jan 1, 1988

By D. F. Malan, P. J. Le Roux

Almost no work has been published on the strength of pillars in mines exploiting the LG6/LG6A chromitite bands in the Western Bushveld Complex. The strength of these pillars is unknown, and the hard rock industry still uses the Hedley and Grant formula. Numerical modelling, using inelastic constitutive models, may be of some value in estimating the pillar strength, but this approach is difficult and prone to errors as many assumptions are made. This paper explores the alternative approach of the back-analysis of actual LG6/LG6A mining layouts, using displacement discontinuity codes to simulate the average pillar stresses on a mine-wide scale. From this, and underground observations, a ‘minimum’ pillar strength (K-value in the pillar strength formula) can be estimated. The codes TEXAN and Map3D are both used in the paper to simulate the actual pillar shapes and sizes in an LG6/LG6A mine. The results are encouraging as the two codes produced similar APS values for a complex pillar geometry. An estimated K-value of 77 MPa was determined for the LG6/LG6A pillars in this particular area. This is more or less similar to earlier work done for the UG2 chromitite seam, but higher than the K-value of 39 MPa for a linear formula obtained by other workers for LG6/LG6A pillars. Caution should therefore be exercised before using this higher value for all areas. The effect of element sizes and explicitly simulating the effect of the surface for shallow pillars is illustrated in the manuscript using both codes. The need for actual pillar observations and an iterative design process, which cycles between modelling and observations, is also emphasized.

Nov 27, 2024

OFS Branch Committee Meeting held in the Committee Room at the Welkom Club at 4.15 p.m. on Wednesday, 5th March, 1975. Progress in mineral dressing The National Institute for Metallurgy and the South African Institute of Mining and Metallurgy are to hold a symposium on 17th and 18th September, 1975, entitled 'Recent Progress in Mineral Dressing'. INFACON 74 This book of over 300 pages is a record of the First International Ferro-alloys Congress, which was held in Johannesburg from 22nd to 26th April, 1974, under the auspices of the Ferro Alloy Producers' Association of South Africa, the National Institute for Metallurgy, and the South African Institute of Mining and Metallurgy. NIM reports Report no. 1595 Preliminary tests on low-grade brecciated fluorspar ore from the Ottoshoop district. (5th Nov., 1973, declassified April 1975). Report no. 1612 Flotation tests on sulphide-bearing high-grade brecciated and wad ores. (20th Mar., 1974, declasl>ified April 1975). Report no. 1643 Further tests on low-grade brecciated fluorspar ore from the Ottoshoop district. (12th Jul., 1974, declassified April 1975). Report no. 1654 The determination of osmium in platiniferous media. Report no. 1689 The determination, by atomicabsorption spectrophotometry, of arsenic, selenium, tellurium, antimony, and bismuth on ion-exchange restns. Report no. 1715 Flotation tests on various types of ore from the Ottoshoop district Report no. 1730 The chromitite from the Marico occurrence, western Transvaal, its alteration, and possible reasons for its refractory nature. Report no. 233 A chemical and mineralogical study of microlite from the N oumas pegmatite. 24th Geomechanics Colloquy The above Colloquy is to be held on 2nd and 3rd October, 1975, in the Salzburg Congress Hall. Rosenhain centenary The centenary of the birth of WaIter Rosenhain (1875-1934) will be celebrated by an international conference to consider how physical metallurgy has contributed to engineering practice. Iron and steelmaking The Centre de Recherches Metallurgiques (CRM) and the Verein Deutscher Eisenhiittenleute (VDEh) are jointly to hold the International Meeting on Iron and Steelmaking 1976 in Brussels from 17th to 18th May and in Diisseldorf from 20th to 21st May, 1976. International Symposium on Mine Surveying The III I.S.M. is being held in Leoben, Austria, from 28th June to 3rd July, 1976. Book review Tenth International Mineral Processing Congress. 1973. London, The Institution of Mining and Metallurgy. 1208 pp. £20. Particles A course on particle characterization and a symposium on experience in the applications of particlesize analysis will be held during the last week of July in Pretoria and Johannesburg. A.S. & T.S. Trust The A.S. & T.S. Trust was formed on 24th March, 1972, to mark the Golden Jubilee year ofthe Associated Scientific and Technical Societies, with the object of advancing science and technology in South Africa. Second International Congress of Engineering Geology The Proceedings of the above Congress, which was held in Sao Paulo, Brazil, from 18th to 24th August, 1974, are now available.

Jan 6, 1975

By A. Drumond, J. F. C. L. Costa, M. G. Lemos, A. L. Rodrigues, F. G. Niquini

The past decade has seen a renewed possibility of using machine learning algorithms to solve a large collection of problems in several fields. Data acquisition for mining operations has increased with the growth in sensor-based technologies, and therefore the amount of information available for mining applications has dramatically increased. Ore sorting equipment is available for separating ore from waste based on differences in physical properties detected by a real-time analyser. The separation efficiency depends on the contrast in these properties. In this study we investigate the application of machine learning models trained using data from the output of a dual-energy X-ray ore sorting apparatus at a gold mine. The particles were first hand-sorted into ore and gangue classes based on their mineralogical composition. Classification models were then used to help decide the balance between the number of true and false positives for ore in the concentrate, with a view to economic parameters, using their receiver operator characteristic (ROC) curves. The results showed AUC (area under the ROC curve) scores of up to 0.85 for the classification models and a maximum reward condition Fpr/Tpr around 0.5/0.9 for a simplified economic model.

Aug 8, 2024

By T. Uysal

Various morphological parameters that affect the flotation recovery of sphalerite were modelled and optimized using the response surface method (RSM). The effects of roughness value, shape factor, and collector concentration were investigated using the central composite full design method. The results were evaluated by analysis of variance. The optimum roughening time was found to be 25minutes, the optimum roughness value was 2.9071 μm, and the optimum collector concentrationwas 0.001 M. Using these values, a flotation recovery of 98.01% was obtained. Similarly, in shapefactor studies, the optimum grinding time was 15 seconds, the optimum roundness value 0.7421, and the optimum collector concentration 0.0009 M, which resulted in a flotation recovery of 94.30%. The average error between the optimization results and the experimental results was estimated to be less than 6%, and the R2 values were greater than 90%. The study shows that RSM can be effectively applied in finding the economic optimum condition for obtaining maximum flotation recovery with minimum reagent consumption.

Sep 6, 2023

By R. Castro, R. Gómez, F. Betancourt, M. Moncada

In block cave mining, rock fragmentation is a key parameter that influences the production level design and mine planning. Fragmentation occurs mainly by natural breakage during the caving process and in the draw column. The breakage that occurs within the column is known as secondary fragmentation. Secondary fragmentation has been successfully described using the block caving comminution model, which replicates the fragmentation mechanics between particles under drawn and vertical loads in a draw column. This model is based on a kinetic and population balance approach, in which non-normalized and normalized assumptions can be used depending on material and comminution system behaviour. In this paper, the non-normalized and normalized approaches are applied and compared to laboratory data to determine which assumption should be used for secondary breakage in block caving. Approaches are compared graphically, with the mean square error and the Fisher test with a false-rejection probability of 0.05. Based on a statistical analysis, the results show that the normalized model can be applied to all the rock types tested.

Nov 1, 2021

By T. Oberthür

The Great Dyke of Zimbabwe constitutes the world?s second largest reserve of platinum group elements (PGE) after the Bushveld Complex in neighbouring South Africa. Within the Great Dyke, economic concentrations of PGE are restricted to sulphide disseminations of the Main Sulphide Zone (MSZ), which are currently mined at the Ngezi, Unki, and Mimosa mines. Near-surface oxidized MSZ ores have a large potential. Their total resources are in the range of ca. 160 ? 250 Mt; however, all previous attempts to extract the PGE from this ore type proved uneconomic due to low PGE recoveries (<< 50 per cent) achieved by conventional metallurgical methods. Within the ores of pristine, sulphide-bearing MSZ, the PGE are bimodally distributed. Platinum occurs mainly in the form of discrete platinum group mineral (PGM) grains (mainly bismuthotellurides, sulphides, and arsenides), whereas approximately 80 per cent of the Pd (and some Rh) is hosted in pentlandite. Within the oxidized MSZ ores, the PGE are polymodally distributed. Whereas arsenide- and sulphide-PGMs, making up ca. 25 per cent of the original Pt content of the ore, largely remain stable (relict PGMs), the remaining PGMs are disintegrated. The base metal sulphides are destroyed, partly releasing their base metal and PGE contents, and are replaced by iron oxides or hydroxides. Unspecified amounts of the PGE are redistributed and either form secondary PGMs, are found in chemically and mineralogically ill-defined (Pt/Pd)-oxides or hydroxides, or in iron-hydroxides, Mn?Co-hydroxides, and in secondary silicates. The problematic processing of oxidized MSZ ores is attributable to their complex nature and polymodal distribution of the PGE, prohibiting a significant upgrading of the ores by conventional metallurgical methods. Therefore, only bulk leaching methods are viable for ore treatment, and novel metallurgical methods have to be developed for the processing of these ores. Our ongoing work aims at locating the PGE in their mineralogical form in order to understand the mineralogical balance of the PGE in the ores and thereby facilitate the evaluation of metallurgical options for their recovery. A short overview on options and recent advances regarding the recovery of the PGE from oxidized ores is given.

Jan 1, 2012

By Brian W. Mackenzie

The mineral exploration environment has observable economic characteristics, the assessment of which provides guidelines for exploration planning in the mining company. The long-term survival of the mining company is directly dependent on successful exploration. Exploration planning contributes to successful exploration through the development of exploration strategies. The objective of exploration planning is to select exploration environments which will enable the mining company to realize best possible profit and corporate risk conditions. Thus, the formulation of exploration strategies is based on profit and corporate risk criteria. Strategic considerations include the selection of commodities as exploration targets, geographic concentration of exploration effort, the realization of acceptable survival conditions, and the structuring of an exploration programme to optimize the economic benefits of the exploration investment process.

Jan 1, 2014

By B. C. Alberts

Planning the use of South Africa&apos;s energy resources, especially coal, is of the utmost importance. The State and the mining industry require reliable official estimates of the economically mineable coal reserves for planning purposes. An overview of al the previous reserve estimates is given, with specific attention to the two most recent estimates-those of Petrick and De Jager. The differences between these two estimates are highlighted. The following important aspects are discussed: . the need to update the information regarding South Africa&apos;s mineable coal reserves, . the necessity of understanding and agreement between the coal-mining industry and the State department responsible for updating the coal-reserve data, and . the importance of the specific assumptions used in the updating of the data. A downward adjustment of mineable reserve figures is proposed, and the factors that influence the meaningful exploitation of the coal reserves are discussed. A recommendation is made as to how the Waterberg coal reserve should be exploited, and it is concluded that the Soutpansberg Coalfield cannot be exploited economically in the foreseeable future. An evaluation of the status of the coal-export trade is made and compared with the assumptions and targets set at the start of the coal-exportation scheme. The comparison shows the extent to which the exploitation of the coal reserves is being negatively influenced by the current market situation. Recommendations are made regarding planning for the coal-export market, and the aspects that have to be taken into account to keep South Africa in the export market are identified. Reference is made to the fact that the present unrestrained wage and salary adjustments, which show a total disregard of South Africa&apos;s poor productivity record, require serious thought and speedy rectification if the country is to survive in the export market. A salary and wage strategy must be developed to suit the specific needs of the Republic of South Africa.

Jan 1, 1987

A Special General Meeting of the Institute was held in Kelvin House, Johannesburg on Wednesday, 29th September, 1971. The President, Prof. D. D. Howat opened the meeting at 9.55 a.m. The President read the notice of meeting which was as follows: "In order to bring industry into closer liaison with the work of your Institute and to place the Institute&apos;s finances on a sound basis your Council recommends that companies be admitted to membership of the Institute under clause 2.6 of the Constitution, that is, as Non-Corporate members. The designation for this class of member will be that of "Company Affiliate". 2 Membership: This clause to be amended as follows:- 2.6 "Non-Corporate members shall comprise the grades of:- Company Affiliate Honorary Fellow Graduate Associate Student" 2.6.1 This clause to be added:- "Companies involved in or associated with the mining or metallurgical industries are eligible to become company affiliates" 2.14 Add:- "A special certificate shall be issued to all company affiliates". After giving the background to the recommendation made by Council the President asked for a proposer and seconder for the resolution. Mr J. K. E. Douglas proposed and Mr D. G. Maxwell seconded the resolution. The meeting agreed that the constitution be amended as proposed. The meeting closed as 10.05 a.m.

By G. L. Smith, B. Genc, V. Morar, U. Govender

This paper presents a novel holistic healthy human framework for C-suite executives and senior leaders in the minerals industry. The value-add of the framework centres around the integration of inner holistic health and interpersonal holistic health to support and enhance environment, social, and governance transformation, with a focus on the social enterprise. The framework unpacks key components of holistic health and their interlinkages to environment, social, governance, and stakeholder engagement. Insights were gleaned from interviews with 10 C-suite executives, each with over twenty years of experience in mining or business leadership. By applying the holistic healthy human framework, industry leaders can strengthen the social licence to operate and positively transform the industry's public image. Broader application to other sectors is underway.

Oct 2, 2025

By A. Galibois, A. Dubé, H. Monette, J. L. Collins

"The start of mining operations often raises serious financial problems. In marginal cases promoters frequently demand financial aid from governments.In the past, the financial assistance has taken the form of gifts, procurement contracts, etc., but aid in such form has been severely criticized. A new formula has been developed to provide a more equitable distribution of the revenues accruing to the government and to private capital.The benefits to these two parties have been evaluated in an hypothetical case and compared in terms of internal rates of return on their investment, their shares of the undiscounted cash flows and their primary profits.The method based on the non-zero sum game theory provides a means for suggesting the lowest feasible annual production and the optimal sum contributed by the government in the form of outright gift, equity capital and convertible bonds. Other financial hypotheses can also be optimized by the computerized analysis."

Jan 1, 2014

By E. Arghavani, S. H. Amiri, S. Zare, F. Sepehri, M. Ramezanizadeh

Mineral processing plants include different stages like crushing, grinding, classification and concentration, all of which have partially affect the final product. To identify and solve the related problems of each stage, process audition should be carried out continuously to find the major solutions of improving product and decreasing the maintenance and operating costs. The Iranian Gohar-Zamin iron ore beneficiation plant consists of equipment such as gyratory and cone crushers, high pressure grinding rolls (HPGR), ball mill, dry and wet double-deck vibrating screens, hydrocyclones cluster, magnetic drum separators, thickener and horizontal vacuum belt filters. The defects of initial design as well as current non-standard operating conditions of equipment were monitored and detected and the opportunities for process optimisation were presented as follows: establishing the control loop of power draw for cone crushers, the modification of feeding chute in cone crushers to minimise the non-uniform wear of parts, removing segregation in the fresh feed bin and screen’s circulating load chute in order to provide the proper feed to HPGR, reducing wear rate on HPGR rolls surfaces, decreasing the amount of rejected materials in screen, equalising the solid content and particle size distribution (PSD) of feed in all magnetic drum separators and equalising the PSD of hydrocyclones overflow. This paper provides a guideline for the mineral processing industry to focus its efforts on process design to deliver the efficiency with minimum capital costs. Keywords: Process audition, gyratory crusher, cone crusher, HPGR, screening, hydrocyclones, magnetic drum separators

Jan 1, 2020