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By B. Gilbertson

This paper presents a method that enables one to estimate the risk-adjusted discount rate. that should be used In project discounted cash-flow analysis. The risk-adjustment process is carried out via the capital asset pricing model of modern finance theory, in which the appropriate measure of risk is the beta coefficient of the project concerned. The resulting discount rate thus depends on the properties of the project Itself, and not on the nature or cost of the capital of the firm considering the investment.

Jan 1, 1980

By D. L. Morrison

The School on the Accounting for Gold, which was organized under the auspices of The South African Institute of Mining and Metallurgy by Dr Hugh E. Bartlet, Consulting Metallurgist of Johannesburg Consolidated Investment Company Limited, was held at the South African Nature Conservation Centre at Delta Park, Johannesburg, on 15th to 17th May, 1989. It was attended by 178 delegates, including 2 from the OK and 4 from Zimbabwe. A total of 19 papers were presented covering the components of gold-accounting procedure, sampling techniques, and new sampling technology.

Jan 1, 1989

MASSMIN 92 edited by H.W. Glen. Johannesburg, The South African Institute of Mining and Metallurgy, 1992. xiii, 485pp. ill. 30 cm. (SAIMM Symposium Series S12). Includes bibliographies. ISBN 1-874832-18-8. R342 (MemberR285; Student Member R218,88. Available in Australia from the AMF Bookshop, 63 Conyngham Street, Glenside, SA 5065 at $A171.00 (approx). This volume is the twelfth in a series of symposia published by The South African Institute of Mining and Metallurgy since 1962. This particular meeting addressed the subject of the underground mining of massive ore bodies.

Jan 1, 1994

By A. A. Hazell

Mine management by objectives By A. A. HAZELL The author discusses the objective areas of mine management. Setting objectives is seen to be a conscious process which starts at the highest level of management. This enables clear objectives to be set at each lower management level. The methods of setting objectives in the areas of stope production, productivity and manager performance are set out in detail. In the area of manager performance emphasis must be placed on the practice of management. It is concluded from results obtained that "management by objectives" produces better than average perormances.

John Keith Elers Douglas recently retired from active participation in the activities of the South African Institute of Mining and Metallurgy after over forty years of diligent and valuable service to the Institute. This account of his contributions to the mineral industry and associated organizations is presented as a tribute to all his hard work and dedication. Mineral processing The Fourteenth International Mineral Processing Congress, sponsored by the Canadian Institute of Mining and Metallurgy, is to be held in Toronto from 22nd to 27th October, 1982. The theme of the meeting is 'Worldwide industrial application of mineral technology'.

Jan 1, 1981

By D. G. Hulbert, D. Tudors, M. L. Coetzee, I. K. Craig

The paper describes how a multivariable control scheme was developed and implemented for the run-of-mine milling circuit at a gold mine belonging to Vaal Reefs Exploration & Mining Company Limited. The key variables that are controlled are slurry level in the sump, mass of material in the mil, and product size. The control scheme has resulted in reliable control of the dynamics of the plant, and has provided a good basis for the optimization of plant operation by the selection of suitable set Points.

Jan 1, 1990

By F. P. A. Robinson, J. W. Fourie

Austenitic stainless steels are welded using low-heat inputs. However, owing to differences in the physical metallurgy of austenitic stainless steels and duplex stainless steels, low-heat inputs should be avoided for duplex stainless steels. This paper highlights the differences in solidification mode and transformation characteristics of these two types of alloys. Recent work on the effect of heat input on the properties of weldments of duplex stainless steels is reviewed.

Jan 1, 1990

By M. G. Spengler

Mr More O'Ferrall must be complimented on a paper that will be a useful reference for the re-working of previously abandoned workings. His paper so closely mirrors experiences at East Rand Proprietary Mines, Limited, that it could well have been based on occurrences in that mine. Corrosion The Scientific Society of Mechanical Engineers is organizing the 115th event of the European Federation for Corrosion in Budapest, from 18th to 22nd October 1982.

Jan 1, 1981

By G. V. R. Landman

Changes in the explosion behaviour of mixtures of coal dust, methane, and air when exposed to different energy sources are discussed. Changes to the lower explosive limits, minimum ignition energies, and rates of pressure rise when the same hybrid mixture of coal dust, methane, and air is exposed to ignition sources which are either spatially extended or spatially concentrated, are examined. A diagram is presented from which coal-dust loadings and methane presence can be determined which are below the lower explosible limits, and stated as a safety factor.

Jan 1, 1995

By A. V. Z. Brink, D. M. O’Connor

Recent research into the prediction of mining-induced seismic events by the monitoring of small microseismic events at Western Deep levels Gold Mine is described. Measurement and interpretation techniques and results are presented. It was found that the occurrence of the larger events near longwall faces on the Carbon leader reef is preceded for some hours by an increased rate of microseismic emission and spatial concentration of the microseismic events in the zone of eventual failure. The research is currently being expanded with the aim of producing a practical rockburst early-warning system.

Jan 1, 1983

By H. E. James

GOLD 100, the most comprehensive international conference on gold ever held anywhere in the world, took place in Johannesburg from 14th to 18th September, 1986. The Conference was followed by a series of one day visits and an extended technical tour. The Conference was organized jointly by the Council for Mineral Technology (Mintek), the Chamber of Mines of South Africa, the School of Business Leadership of the University of South Africa, and The South African Institute of Mining and Metallurgy.

Jan 1, 1986

By B. N. Soutar

The design and operation of a double- V compartment vertical-flow settler by B. N. SOUTAR, B.Sc. (Mech. Eng.) Wits. (Visitor) This paper describes the development of a vertical-flow settler for underground pumping installations in the mines of Gold Fields of South Africa Ltd. The recommended settler employs the principle of 'dynamic filtration': the solids that are in suspension in mine water are filtered through a stable horizontal bed of flocculated particles, a technique that was established in about 1958.

Jan 3, 1977

By H. Xuchun, H. Nailian, L. Guoqing

With the accession to WTO and the establishment of Shanghai Gold Exchange, gold mines in China are facing more severe competition from both home and abroad. Supply Chain Management (SCM), a new management idea gradually accepted all over the world, provides the gold mines in China with a new management mode. In this thesis, under the guidance of SCM theory, based on the analyzing to the actualities of Jiaojia Gold Mine, the Jiaojia supply chain framework is constructed, the function system for Jiaojia SCM is configured, and function modules are described in detail. Keywords: Supply Chain Management, Gold mine, Informatization

Jan 1, 2003

By J. D. Smit, K. C. Garner, P. C. van Aswegen

The initial results obtained from the implementation of computer-controlled strategy on the milling circuit are reported. An analysis of these results showed that a peak-power pebble-mill controller on a high throughput hardrock wet-milling circuit reduces the stability of the system. It was concluded that the milling circuit should be regarded as a single system in which the measurement of grinding efficiency, circulating load, product size distribution, and feed rate should minimize the product variance and maximize the feed rate according to the grinding power available. Work is proceeding on such a system.

Jan 1, 1980

By R. J. E. Stewart

Another very successful evening meeting was organized by the Johannesburg Branch of The South African Institute of Mining and Metallurgy on 20th November, 1990, when Mr R.D. MacPherson, General Manager of Richards Bay Minerals, gave a presentation on the Richards Bay operations. The function was held in the Ballroom of the Johannesburg Country Club, and the very high attendance (some 250 people) was indeed a reflection of the high profile of the subject mater. It was also a fitting reward for the efforts of Mr MacPherson and his team, who spent a considerable amount of time and effort traveling the country to present 'the other side of the story'.

Jan 1, 1991

Tests were carried out in a Hallimond microflotation cell and a Denver D12 cell on typical residue material from a gold mine in the Orange Free State (South Africa), in which 50 per cent of the kerogen was larger than 100 µm in size. Although kerogen is naturally hydrophobic, the observed unexpectedly poor flotation reponse may be due to occlusion of the kerogen by a slime coating and subsequent depression of the slime by guar gums. The recovery of gold from samples spiked with kerogen increased, with no significant reduction in grades, when a petroleum-based collector and tetrasodiumpyrophosphate (a dispersant) were used.

Jan 1, 1985

By A. A. Hazell

Mine management by objectives By A. A. HAZELL The author discusses the objective areas of mine management. Setting objectives is seen to be a conscious process which starts at the highest level of management. This enables clear objectives to be set at each lower management level. The methods of setting objectives in the areas of stope production, productivity and manager performance are set out in detail. In the area of manager performance emphasis must be placed on the practice of management. It is concluded from results obtained that "management by objectives" produces better than average perormances.

This paper describes the operating practice and design features of an intensive-cyanidation plant at the East Gold Plant of Vaal Reefs Exploration and Mining Company Limited (V.R.E.M.). After the development oh cyanidation route for the treatment of gold-plant gravity concentrates by the Anglo American Research laboratories (A.A.R.L.), a full scale plant was commissioned at Western Holdings (Welkom Division) Gold Mine in March 1977, and the V.R.E.M. plant was commissioned in August 1981. Although the gravity-concentration route does not now enjoy the prominence of former times, in an existing conventional plant the intensive-cyanidation route can successfully replace mercury amalgamation.

Jan 1, 1984

By F. W. Petersen

For the past thirteen years, the Universities of Cape Town and Stellenbosch have hosted an annual symposium to discuss topics relevant to mineral processing. Since 1987, this Symposium has been held under the auspices of the Western Cape Branch of the South African Institute of Mining and Metallurgy, and has become one of the main events on the national conference calendar. In 1989 and 1993, the symposia took the shape of international conferences. This year the 13th Annual Mineral Processing Symposium was organized by the two universities, the Cape Technikon, and the local branch of the South African Institute of Mining and Metallurgy, and was held at the Van Riebeeck Hotel in Gordon's Bay.

Jan 1, 1994

By J. P. M. Hojem, C. Dimitriou, N. C. Joughin

This paper describes the design and construction of the first experimental underground rockcutting machine from measurements of cutting forces determined in tests on small rock specimens in the workshop. The deficiencies of this design, revealed by stoping with almost identical rockcutting machines, are described. An account is given of the design and construction of further experimental machines incorporating substantial improvements which made them technically feasible for use in production.