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By Michael J. Robison, Wojciech F. Klecan, Robert L. Horner

Since 1928, nearly 64 km (40 mi) of tunnel have been excavated within the relatively soft Cooper Group, more commonly known as the “Cooper Marl,” for water supply and transporting wastewater in the Charleston area. The majority of these tunnels are unlined and still in operation, while others collapsed shortly after excavating. Tunnel behavior and support requirements vary considerably in this material due to differences in geotechnical properties. The 4.8 km (3 mi) long, 2.4 m (8 ft) diameter Bushy Park Water Tunnel, completed in 1997 for Charleston’s Commissioners of Public Works(CPW), required no ground support. By comparison, the 1.6 km (1 mi) long, 2.4 m (8 ft)diameter Harbor Wastewater Replacement Tunnel now under construction needs continuous support close to the advancing face, despite being located in the same geological formation. Case histories and general guidelines for designing tunnels in the Cooper Marl are presented.

Jan 1, 2001

By J K. Claflin, S R. La Brooy

A case study from a current Ausenco project is presented to demonstrate the importance of maintaining high carbon activity to illustrate the driving force for plant improvements such as a carbon regeneration kiln upgrade.This paper revisits the factors that influence carbon activity for gold loading, with emphasis on deactivation by organic solution components such as flotation reagents.Kiln process design requirements for effective thermal regeneration are reviewed including the interaction of parameters such as temperature, kiln atmosphere and residence time.The different types of kilns that have been used for carbon reactivation are described. A check list is provided of what to look for when purchasing a carbon reactivation system for dealing with severely fouled carbon. This covers the ancillary equipment as well as the kiln itself.While the effectiveness of the carbon reactivation kiln is vital to maintenance of high carbon activity it needs to be remembered that this is only the end of pipe solution. It is also important to ensure that reagents such as frothers and flotation collectors are appropriately chosen to maximise recovery and at the same time minimise carbon deactivation.CITATION:La Brooy, S R and Claflin, J K, 2013. Carbon management in a high gold price environment, in Proceedings MetPlant 2013 , pp 455-467 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Jul 15, 2013

By Zenón Quispe

El presente trabajo describe la importancia de la aplicación de técnicas de análisis de cuencas sedimentarias en la exploración de minerales del área de Cajamarca. Para ello, se determinaron los espesores originales de las Formaciones Chimú, Santa- Carhuaz, Farrat e Inca y los porcentajes de disminución de espesor y con los resultados obtenidos, se diseño y analizó el gráfico de curvas corregidas por descompactación y sin corrección por descompactación. Asímismo, se explica la posible formación de fallas no tectónicas debido a la compactación diferencial y las unidades estratígráficas que comprende el estudio.

Sep 9, 2007

By Michael Young, Josh Rubenstein, Michael Cooper, Tom Shouldice, Dan Curry

"Xstrata Nickel Australasia’s Cosmos plant in Western Australia is currently implementing a debottlenecking project to increase nickel output while maintaining metallurgical performance and a low unit cost for production. Mineralogical analyses indicated that the processing bottlenecks could be removed by simply reconfiguring portions of the circuit as well as adding capacity with technical advancements – notably an IsaMill™, Jameson Cell, Wemco® SmartCell™ and Larox Filter.The Wemco® SmartCell™, which is particularly suited for coarse mineral flotation, and Jameson Cell, which is particularly well suited for fast floating and fine minerals, combine as rougher scalpers to complete the main stream portion of the flotation circuit. Addition of the two new cells meet the required flotation capacity to handle the forecast increase in nickel feed grade and tonnage.The addition of an IsaMill™ for regrinding allows the SAG mill to produce a coarser primary product, thus enabling increased throughput. The advantages offered by the IsaMill™ include operation in open circuit (internal classification), an inert grinding environment (ceramic media) for better downstream flotation (“clean” new surfaces), compact footprint (easy to retrofit into existing plant) and energy efficiency. With the new rougher capacity addition, the remaining original plant cells were reconfigured to suit the new regrind mill and cleaning requirements. The existing 24 m2 Larox pressure filter was replaced with a larger 32 m2 unit to dewater the increased concentrate output.The paper describes the upgrade at the Cosmos concentrator with particular emphasis on the mineralogical data and metallurgical benefits associated with the changes.INTRODUCTIONThe Cosmos concentrator is located 680 km northeast of Perth in Western Australia. The deposit’s development and operations were started in 1999 by Jubilee Mines NL, Cosmos’ previous owner, with the first production of nickel concentrate in April 2000. The Cosmos concentrator treats a komatiite hosted high grade nickel sulphide ore, with sulphides being predominantly pentlandite and pyrrhotite with lesser amounts of pyrite and chalcopyrite."

Jan 1, 2010

By F. E. Joyce

This paper describes the development of a process for producing manganese and iron pellet concentrates from low-grade manganiferous iron ores of the Cuyuna range by a two-stage sulfatization-reduction roast. First, the manganese minerals (7.5 percent manganese) were converted to water-soluble manganese sulfate by roasting in sulfur oxide gases at 700° C, then, the hematitic iron minerals (31 percent iron) in the hot sulfatized are were reduced to magnetite with simulated reformed natural gas in the temperature range of 350° to 425° C. Batch tests were made in a 3-inch-ID by 6-inch-long, gas-heated, stainless steel retort, and continuous countercurrent experiments were performed in a 2-inch-ID by 10-foot-long, electrically heated shaft furnace. Manganese sulfate was removed from the roasted product by leaching with water, and over 90 percent of the manganese was recovered in an oxide product (65 percent manganese) obtained by precipitation, drying, and thelmal decomposition of the sulfate. An iron oxide concentrate (60 percent iron) with an iron recovery of 75 percent was obtained from the water-insoluble residue by magnetic separation.

Jan 1, 1973

By M. N. Bassim, W. W. Tennese

"Concepts of linear elastic fracture mechanics were applied to study two cases of failure, namely an equalizing beam from a tandem rear axle of a highway tractor unit and the main beam of a flat bed trailer. In the first case, the presence of a crack, initiated by stress corrosion cracking followed by significant fatigue crack propagation produced a state of stress which was sufficient to produce brittle failure. Calculation of the fatigue life agreed with the number of cycles that the structure experienced before final fracture. In the second case, it was demonstrated that a combination of low temperature and high loading rate was sufficient to cause brittle fracture.IntroductionFailure analysis of engineering components has generally been carried out without the benefit of fracture mechanics. It is generally understood that real structures inevitably contain internal or surface flaws which under an applied load, may propagate to fracture. Fracture mechanics relates the applied stresses to the crack size in specified geometries. Since its introduction approximately thirty years ago, fracture mechanics has evolved as a design philosophy which can be used to develop fracture-safe designs. It can be also applied in analysis of failures, to ascertain if sound design and fabrication methods have been used."

Jan 1, 1985

By Pierre Rocque

The Red Lake Mine is located approximately 600 km northwest of Thunder Bay. This 545 tpd (600 tons/day) underground narrow vein gold operation is set to produce in excess of 14.8 tonnes (475,000 ounces) in 2001 at a cash operating cost below 75 U$/oz. The high-grade nature of this deposit (>55 g/t or >1.6 opt) coupled with its complex geological environment and relatively deep location dictated the choice of a very selective primary mining method, Mechanized Overhand Cut and Fill. In addition to geological challenges, mine design issues such as material handling, ground stability and requirements for yieldable ground support are also discussed in this paper.

Oct 1, 2001

The Tasman Orogenic Zone is regarded as a single metallogenic province (the Tasman Province) with four SUb-provinces corresponding with its major tectonic components: the Lachlan, New England, Hodgkinson.and North Queensland orogenic provinces. Within the Tasman Province there are four main ore-rock associations.These are1. manganese and iron with sedimentary and basic volcanic rocks,2. zinc-lead-copper and copper with intermediate-acid volcanic sequences,3. minor chromium, platinum, and osmiridium with ultramafic complexes, and4. tin, wolfram, gold, and copper with syn- and posttectonic granitic intrusions.Whereas the ores of ultramafic and volcanic associations form geographically-restricted metallogenic districts, the ubiquitous granitic ores may be subdivided into twenty-one districts that cover almost the entireOrogenic Zone. The Tasman Province is notably lacking in uranium ores and Mississippi Valley-type deposits.There is a distinct tendency for ores of each association to be progressively younger to the east and north, thus paralleling the progressive growth and stabilization of the Zone. Similar ore-rock associations are present in repeated phases of mineralization from the Cambrian to the Permian-Triassic, reflecting the essential homogeneity of the Tasman Province, and the similarity of the successive tectonic cycles.

Jan 1, 1972

Resolution Copper Mine is planned to be a 2000 m deep panel cave mine with virgin rock temperatures above 80°C in rock with a high crystalline silica content. The planned run-of-mine production rate is 120 kt/day. The project is in prefeasibility evaluation. This paper discusses features of the ventilation system design, which include multiple ventilation shafts with total flow of about 3000 m³/s and both surface and underground refrigeration systems with more than 140 MW total capacity. This will be a very challenging mine to ventilate, but this work has demonstrated that it will be technically achievable with the application of existing technology.

Jan 1, 2014

By R. Karl Zipf

The sudden, violent collapse of large areas of room-and-pillar mines poses a special hazard to miners and mine operators. This type of failure, termed a "Cascading Pillar Failure" (CPF), occurs when one pillar in a mine layout fails transfering its load to neighboring pillars causing them to fail, and so forth. Recent examples of this kind of failure in coal, metal and nonmetal mines in the U.S. are documented. Mining engineers can limit the danger posed by these failures through improved mine design practices. Whether failure occurs in a slow, nonviolent manner or in a rapid, violent manner is governed by the local mine stiffness stability criterion. This stability criterion is used as the basis for three design approaches to control cascading pillar failure in room-and-pillar mines, namely, the containment approach, the prevention approach, and the full extraction mining approach. These design approaches are illustrated with practical examples for coal mining.

Jan 1, 1996

By Kenneth Eilerts

The development and operation of "combination wells"5/ have created new and unusual problems, many of which can he solved only if information is available concerning the properties of the fluids produced. Data as to the characteristics of the fluids at the relatively high pressures that exist in the reservoirs are especially important, and there is growing economic concern to know what part, if any, of the liquid recovered at the surface was liquid in the reservoir, As an extension of this problem, it is important to know, whether liquid will be formed in the reservoir as a result of isothermal retrograde condensation when the reservoir pressure is reduced. The pressure range of such condensation, if it occurs, is significant in the design of gas-recycling plants for maintaining reservoir pressures. In connection with the operation of such plants, it is particularly important to know how pressure and temperature will affect the yield of the liquid phase and the composition of the gas to be returned to the reservoir. It has not been possible to predict the behavior of these fluids that have high ratios off gas to liquid by comparing them with the behavior of low gas-liquid ratio fluids at identical pressures and temperatures. Such comparison fails because the proportions in which a component will be distributed between the phases of a system at any given temperature and pressure depend increasingly on the composition of the mixture as the critical temperature and. pressure of the system are approached. Because many combination wells are producing from reservoirs that have temperatures near the critical point, experimental date on the properties of the Fluids under reservoir conditions are particularly important at this time, To meet the immediate requirements of the industry for such experimental information, an equilibrium cell has been constructed at the Petroleum Experiment Station of the Bureau of Mines, Bartlesville, Okla. When adequate experimental date have been accumulated, it may be possible to make dependable estimates of the phase relations for high gas-liquid ratio fluids at the pressures anti temperatures characteristic of "combination-well? reservoirs.

Jan 1, 1940

By Kazutoshi Haga, Batnasan Altansukh, Atsushi Shibayama

In this study, the dissolution behavior of copper and arsenic from five different copper concentrates containing 21-34.7 %wt. of Cu, 1.3-7.3 %wt. of As and 15.6-27.5 %wt. of Fe were investigated under high pressure oxidative leaching conditions. Leaching experiments were conducted using different leaching reagents such as ferric sulfate, sodium chloride, deionized water, sulfuric acid and ferric sulfate-sodium chloride mixture in order to compare the effectiveness of each on the dissolution of copper and arsenic from copper concentrates. The effects of ferric sulfate (0.1-1 mol/L), sodium chloride (0.1-0.5 mol/L) and leaching temperature (100-180C) were investigated under 1 MPa autoclave pressure , particle size >45 m, pulp density of 100 g/L, stirring speed of 750 rpm and leaching time of 60 min. Results showed that the most effective leaching reagents for the dissolution of copper are 0.34 M NaCl and a mixture of 0.1 M Fe2(SO4)3 - 0.34 M NaCl, in which As extraction did not exceed 7%. The copper concentration in the pregnant leach solution obtained after leaching using 0.1 M Fe2(SO4)3 - 0.34 M NaCl was 13-30 g/L, while the concentration of As and Fe were in a range between 0.3-1 g/L and 0.2-10 g/L at 160C. INTRODUCTION Copper sulfide minerals, such as chalcopyrite (CuFeS2), chalcocite (Cu2S) and covellite (CuS) are used for the production of copper in mining and metallurgical industries worldwide. The conventional pyrometallurgical processing followed by electrorefining is a common process for the production of high purity copper (Moskalyk, & Alfantazi, 2003; Padilla, Aracena, & Ruiz, 2012). However, the degradation of copper content and an increase in the amount of metal impurities, especially arsenic (As), antimony (Sb) and bismuth (Bi) in copper concentrates cause serious problems to the production of copper and environmental pollution (Basha, Selvi, Ramasamy, & Chellammal, 2008; Long, Peng, & Bradshaw, 2012). Hydrometallurgical processes are used to recover metals from refractory ores, concentrates and tailings by leaching (Long, Peng, & Bradshaw, 2012; Masloboev, Seleznev, Svetlov, & Makarov, 2018). During the last decades, hydrometallurgical processing for the recovery of copper from enargite-bearing copper ores and concentrates has been extensively investigated due to its relatively more environmentally benign and less capital costs than the conventional pyrometallurgical processes (Long, Peng, & Bradshaw, 2012; Masloboev, Seleznev, Svetlov, & Makarov, 2018; Choubey, Lee, Kim, & Kim 2018). However, several issues facing the hydrometallurgical processing are incomplete extraction of copper associated with the coprecipitation of iron compounds, difficult stabilization of toxic impurities and production of a contaminated copper product (Dreisinger, 2003; Safarzadeh, Moats, & Miller, 2014). Hence, a number of studies have been conducted on the selective dissolution of copper from copper ores and concentrates or selective removal of arsenic leaving a clean copper residue using various leaching reagents or lixiviants (Safarzadeh, Moats, & Miller, 2014; Mihajlovic, Strbac, Zivkovic, Kovacevic, & Stehernic, 2007; Tongamp, Takasaki, & Shibayama, 2009). More extensive studies on the selective extraction of copper from enargite- bearing copper ores and concentrates are much needed to improve copper recovery.

Jan 1, 2019

By N T. Moxon, L W. Armstrong

Explosive manufacturers have for many years provided a service to the mining industry which has,until recently, been unchallenged by mine operators. Today mine operators are more aware of the properties of explosives required to perform particular tasks within their operations. These properties can be reliably quantified using the test procedures described in this paper for emulsion adn ANFO based explosives. Details of an end-user sampling programme desgined to provide quality checks on explosives supplied to a mine site are also discussed.

Jan 1, 1991

By John D. Sullivan, Alfred P. Towne

"In copper percolation-leaching plants the ore is usually crushed to a maximum size of about three-eighths inch. Ordinarily an ore is crushed as finely as feasible since the rate of extraction of copper is increased with decreasing size of particles owing to the greater surface exposed and. the shorter path required for solutions to come into contact with the minerals to be dissolved. However, greater degree of crushing also increases the amount of fines. When ores are charged into leaching vats the coarse and fine material tend to segregate, resulting in channeling of solutions and leaving the areas where fines predominate only partly leached. An improvement in the method of charging the ore into vats that would minimize the deleterious effects of the segregations of fines would increase the percentage extraction of copper.The Inspiration Consolidated Copper Co.4 recently installed classifiers to remove the primary slimes from the ore, before charging it into the leaching vats. This necessitates a separate agitation treatment for the slimes.Recent publications5 of the bureau have shown the advantages of agglomeration followed by trickle leaching to extract copper from concentrator tailings. It was shown that when equal parts of ore crushed to about 1/4-inch size and concentrator tailings were agglomerated with approximately 10 per cent of moisture, either in the form of water or leaching solution, and the mass was charred into a leaching vat the ore could be treated successfully by open-drainage trickle leaching. Even with 30 or 35 per cent of minus 200-mesh material present the ore could be leached, if it was not flooded with solution.The results obtained in agglomerating ores and slimes suggested the possible advantages to be gained by wetting the crushed ore for standard percolation-leaching plants before charging it into the vats. Wetting the ore whould make the fine material and slime cohere to the larger pieces of ore thus tend to prevent segregation when the ore is charged into the vats. The bureau, at its southwest Experiment Station and in cooperation with the Department of Mining and University of Arizona, Tucson Ariz., therefore made a study to work: out A way in which slimes could be handled in percolation leaching. The study showed that the method of charging ore into the leaching vats governed the distribution the fines and consequently the rate extraction of copper. The results of the study reported in this paper."

Feb 1, 1931

More than 100,000 people are expected to be in Las Vegas, NV in March for ConExpo-Con/Agg 2002, the largest exhibit of its kind in the Western Hemisphere. This triennial event features equipment, services and technical sessions geared toward the global construction aggregates and ready mix concrete industries. ConExpo-Con/Agg 2002 will take place March 19-25, 2002 at the Las Vegas Convention Center. For registration information, contact the show offices, phone 800-867-6060, 414-298-4141, or 301-587-3140, Website www.conexpoconagg.com.

Jan 1, 2002

By T. Saito, S. Murata

An original concept of JRC-diagram that can evaluate JRC and its size-effect by using a fractal model was proposed. In order to confirm the applicability of the JRC-diagram, first, JRC of the tensile fracture surfaces of a granite and a sandstone were evaluated by both the JRC-diagram and Barton's JRC-profiles, and then, it was compared with the JRC inversely calculated from the peak shear strength that is obtained from the shear test for each fracture using Barton's empirical equation. As a result, JRC evaluated by the JRC-profiles was much smaller than the inversely calculated JRC. On the other hand, it became clear that JRC evaluated by the JRC-diagram is almost the same with the inversely calculated JRC, if the size of interlocking is evaluated correctly. Therefore, for the JRC evaluation, it is thought that the JRC-diagram is more applicable than the JRC-profiles. Als ein neues Verfahren zur Bewertung des Rauheitsindexes JRC für die Bruchfläche von Felsenschichten anhand eines fraktalen Modells, wobei auch der Maßeffekt berücksichtigt wird, wird ein JRC-Diagramm vorgeschlagen. Um die Angemessenheit der Bewertung vom JRC mit diesem JRC-Diagramm festzustellen, wurden die JRC-Werte an einer Bruchfläche zwischen Granit und Sandstein sowohl mit dem JRC-Diagramm als auch mit dem herkömmlichen JRC-Profilverfahren bewertet. Anschließend wurden die durch die beiden Verfahren ermittelten Werten mit den JRC-Werten verglichen, die von den Schertestergebnissen mit Hilfe von Bartonschen Erfahrungsformel zurückgerechnet werden können. Daraus ergab sich, daß das JRC-Profilverfahren ziemlich kleinere JRC-Werte gibt als bei der Zurückrechnung, während die JRC-Werte durch das JRC-Diagramm unter entsprechender Bewertung des Ineinandergreifungsmaßes an der Bruchfläche beinahe gleich sind wie die zurückgerechneten Werte. Diese Tatsache weist darauf hin, daß das JRC-Diagramm eine bessere JRC-Bewertungsmethode als das JRC-Profilverfahren darstellt. Nous avons proposé le diagramme JRC, nouvelle méthode d'évaluer JRC qui est un indice de rugosité superficielle d'une fracture de roche à l'aide du modèle de fracturation, compte tenu de son effet d'échelle. Pour vérifier la validité de JRC évalué au moyen de ce diagramme, nous avons évalué JRC d'une fracture de roche, granite et grès, par le diagramme JRC et le profil JRC, méthode conventionnelle, et les résultats ainsi obtenus ont été comparés avec la valeur de JRC calculée en sens inverse à l'aide de la formule empirique Barton sur la base des résultats de l'essai de cisaillement des fractures. Il en résulte que la valeur de JRC obtenue par le profil JRC était assez faible en comparaison avec la valeur calculée en sens inverse alors que celle de JRC obtenue par le diagramme JRC correspondait approximativement à la valeur calculée en sens inverse à condition d'évaluer l'échelle d'endentement d'une fracture. Par conséquent, nous considérons que le diagramme JRC est une meilleure méthode d'évaluation de JRC par rapport au profil JRC.

Jan 1, 2003

By Howard A. Perko

Soldier pile and lagging is a conventional means of temporary excavation shoring. Timber lagging design has traditionally been based upon the designer's experience or empirical rules. One such method is the Goldberg Zoino chart used by the Federal Highway Administration. Most of these methods restrict the designer to a consistent soil profile, certain pile spacing, construction grade timber lagging, and limited depth. The methods do not take into account surcharge loads or a variety of other factors that could arise. A designer working outside of ordinary circumstances with unusual loads, varying soil conditions, or alternate lagging materials has difficulty estimating lateral earth pressures. In rigid earth retention systems, lateral earth pressure is generally assumed to be constant along the length of the wall. In soldier pile and lagging systems, the lagging is often considerably less stiff than the steel soldier piles. As the lagging deflects, the soil tends to bridge between the stiffer elements resulting in a lower pressure on the lagging. Several previously published methods by others for determining this reduced pressure are summarized and discussed. These methods typically consist of using a portion of the active earth pressure in several different pressure distributions. A simple theoretical model is presented for determination of lateral earth pressures on wood lagging. The model is based on a three-dimensional "silo" shaped sliding wedge analysis. Results of the model are compared with other published methods. The model compares well with these methods which cover the normal spectrum of design situations. In addition, the model can be used to estimate lateral earth pressures outside typical situations.

Jan 1, 2008

All previous attempts to cut rock in boring by means of revolving steel cutters have failed, chiefly in consequence of the mis-shapen teeth grinding the rock and themselves simultaneously, until, after a very few revolutions, the points of the cutters were so worn that it was impossible to force them into the strata. The diamond drilling plant being cumbrous, complicated, and costly, and seeing that fully 70 per cent of the boring generally needed is in what is known as the" milder strata," it will be readily understood that much of the work done will not pay a dividend on the outlay, so great is the cost of removal, the wear and tear of the machinery, and the loss of diamonds. The Calyx Drill, however, invented by Mr. F. Harley Davis, has been constructed so as to overcome these difficulties, and will penetrate quickly and .at a low cost this 70 per cent. of the milder strata. The Drill has taken ten years' hard work and thought to bring it to its present state of perfection, and it will now drill with steel cutters the 70 per cent of the work performed by the diamond drills at a greater speed and at about one third the cost of the latter.The utility of the diamond drill for certain work is undeniable, but it cannot by any means be described as a machine of general popular usefulness that is to say, it is quite beyond the reach of the great masses of mankind.

By A Kemp, I Taylor, S C. Lamoureux

Detailed landform designs were completed for six (integrated) iron ore waste rock dumps at a Western Australian iron ore mine site to meet closure objectives and to optimise material movements for closure. The designs were based on specific physical and geochemical properties of waste material and the design was undertaken to enhance long-term stability of the dumps and optimise material movements, and therefore minimise closure cost. Construction of the re-shaped waste rock dumps have been completed. Following construction, surface material characteristics were found to deviate from those used in the design assessment. Materials present at surface following re-shaping were generally finer textured than those sampled for modelling. It is anticipated that the embankment slopes may experience increased rates of surface erosion compared to the rates predicted from modelling and used in design. The finer textured material is thought to be generated from exposing finer material that has migrated into the coarser matrix over time or that was not present in the sampled top surface of the landforms. This is due to armouring processes over time and this phenomenon is likely to recur following further wet seasons. The majority of the waste materials present in the waste rock dumps were subgrade banded iron formations (BIF) and chert, which are generally competent and geochemically inert. Some waste material was known to have an elevated risk of erosion but present in relatively small quantities. The presence of a large number of dolerite dyke swarms indicates appreciable volumes of dolerite were produced as waste from the pits. This material has an elevated risk of being highly erodible/dispersive. Clays and shales are also likely to be present in the dumps and are considered to be less competent material (relative to the BIF/chert). This paper presents the process from upfront materials assessment through detailed design to construction of the rehabilitated waste rock dumps, and post-construction sampling and testing to validate model findings.CITATION:Kemp, A, Taylor, I and Lamoureux, S C, 2017. Design to closure – construction of detailed rehabilitation designed iron ore waste rock dumps based on upfront site specific assessment, in Proceedings Iron Ore 2017, pp 353–358 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Jul 24, 2017

By E. V. Lilford

A number of countries have introduced codes governing the valuation of mineral assets and securities. The African continent will follow suit in due course considering the importance of the global minerals industry as it relates to the attraction of foreign investment. South Africa is to introduce the Petroleum and Minerals Development Bill legislating the involvement of previously disadvantaged individuals and communities in the country?s minerals industry. One of the challenges facing the successful implementation of such codes and bills lies with the abilities of independent valuators to value mineral properties and projects on a consistent basis. Certain valuation principles and methodologies are applicable in all jurisdictions in the minerals industry. These valuation tools and principles are considered and developed in this report. They have been discussed and developed to encourage minerals valuators to consider and consistently apply the most applicable valuation methodologies.

Jan 1, 2002