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By Robert McClure, Frederic Leclercq, Ricardo Chavez

With significant vibration control and fragmentation challenges facing them, the CBS quarry (department of the Nord) successfully integrated a technical partner and mine to mill optimisation to deal with a difficult environment. For the last three years, CBS has been conducting a global production monitoring program similar to the mine to mill concept used in the mining industry. This concept consists of optimising the drilling and blasting while monitoring the effects on the downstream chain (vibration control, loading, hauling, crushing, plant output). Blast optimization is ensured by systematic control of the blast geometry (volumes, patterns, bench and face anomalies, drill deviation) and by the use of constant specific energy blasting. Constant specific energy optimises the work of the explosive in a blasting operation and, when combined with a high accuracy programmable electronic blasting system, reduces the impact of blasting on the environment and enhances blast performance. These techniques ensure consistent blasting results and hence improved site productivity. The improvements achieved have been identified thanks to an effective system designed to monitor the key production parameters.

Jan 1, 2007

By N. Wachgama, J. P. T. Kapusta, R. U. Pagador

The Thai Copper Industries smelter (Thai Copper) is located some 200 km southeast of Bangkok near the MapTaPhut deep sea port in one of the industrial centres of Thailand. Although construction of the complex started in the mid 1990s, the smelter, acid plant and refinery were completed in 2004. Thai Copper is a state-of-the-art copper smelter processing imported concentrates with a total yearly capacity of 165,000 tonnes of cathodes. It employs the El Teniente Technology where concentrates are blended and smelted continuously in a primary smelting reactor to produce high grade matte or white metal. The white metal is converted in batches to blister copper in Hoboken siphon converters equipped with Air Liquide Shrouded Injector (ALS I) Technology for sonic injection of oxygen enriched air. Final refining is carried out in two anode furnaces prior to anode casting and electrorefining. Thai Copper and Air Liquide Canada executed a technical assistance agreement in late 2005. Pre-commissioning of the shrouded injectors took place in July and November 2006 while hot commissioning occurred in December 2006. This paper presents the major technical aspects of the joint commissioning, including the establishment of operating practices specific to shrouded injection converting. Preliminary results of this first commercial implementation of ALSI Technology in copper converting are also provided.

Jan 1, 2007

By P. E. Walker, M. E. Reed, R. C. Sims, B. Snowdon, D. E. Fallas

An advanced Flash Furnace feed system is the key to improving furnace performance. Clyde-WorleyParsons has developed a revolutionary pulseless pneumatic injection feed system technology, capable of delivering a range of benefits to operators of Flash Furnaces. The solution was created by combining the pneumatic conveying and injection knowledge, expertise and technology of Clyde Materials Handling with WorleyParsons' flash furnace process and operating experience. Optimal furnace burner performance requires the feed material to be presented to the burner as a stable, pulseless and accurately controlled flow, distributed evenly around the burner tip circumference. These simple requirements appear obvious, but are extremely difficult to satisfy in industrial environments and are not achieved by conventional feed systems. Our analysis of existing operating furnaces has identified the link between pulses in concentrate feed rate caused by conventional drag chain conveyors and rapid fluctuations measured in the furnace pressure. These fluctuations occur at a timescale close to the reaction shaft residence time and lead to unwanted instability in the primary furnace reaction zone - the flame. Through the use of the solution created by Clyde-WorleyParsons, it is predicted that the much more accurate control of feed rates achieved can lead to substantial improvements in furnace output, increased oxygen efficiency and better control of the composition of furnace liquids, such as matte, blister or slag. All these improvements lead to significant increases in smelter output and efficiency, and deliver high economic value compared to the cost of the feed system. Clyde-WorleyParsons' solutions can be deployed on greenfield sites or retrofitted, and therefore, have the capability to improve feed control at both new and existing smelters. This paper will discuss the field test work undertaken to date, the impact of findings and the ongoing analysis of linkages between instabilities in the various components of conventional feed systems and furnace pressure stability.

Jan 1, 2007

Existing production facilities are constantly looking at ways to increase capacity. Many recent solutions have focused on the implementation of capital and infrastructure projects. It is accepted that capital expansions are frequently necessary for production gains; however, in many cases existing assets have the potential to deliver substantially better throughput than they are currently achieving. By focusing on automation of production control systems, production reporting and business processes substantial gains can be achieved utilising existing assets. This potential can be realised quickly and has been proven across several sites and industries. In the Pilbara region of Western Australia throughput gains of between two per cent and 25 per cent (translating to millions of tonnes per annum) have been achieved from existing assets using the methodologies discussed. The improvement process involves evaluating the entire production chain from the time the ore arrives at the plant to the time it is dispatched. A technical evaluation of the performance of the control system and plant automation interfaces to upstream and downstream processes is conducted. The relationship of these processes to the business systems and the human interface to the systems is reviewed to ensure a complete picture of the system is understood. Technical evaluation targets include: individual equipment operation, the engineering level of control systems, feed controls, etc; managing recirculating loads, surge capacities, dynamic inventories as well as management of in-feed systems and integration into yard and out-feed systems; and communication flow between control and other systems, data alignment between rail and shipping schedules, yard systems, sales systems and maintenance systems including such fundamentals as truck dispatch links to plant control. In parallel with the technical evaluation, business system evaluation takes place, including analysis of the operational systems, methods and personnel.

Jan 1, 2007

By M. H. Ali

Codelco, a multi-process primary copper producer, is undertaking a full life cycle inventory (LCI) of all its commercial products based on copper and molybdenum. During this work, many questions have surfaced regarding the contribution of process unit design to specific aspects of a product's LCI and, more importantly, how such designs could be improved using a life cycle perspective. Management strategy efforts were undertaken to improve the LCI footprint, however it was found that the corrective actions were almost impossible to apply at the operation level in plant, given the ongoing timing pressures of extractive mining, and costs saving priorities. Additionally, it was found that most of the important comparative differences between operations had structural reasons. In this circumstance, the LCI practitioner group from 1M2, and the environmental managers from Codelco, decided to shift its efforts to place the critical LC1 aspects to the design process of future developments. Hatch Associates has developed unique tools in their Sustainable Plant Design (SPD) package that compliment and enhance LCA methods; these effectively drive sustainability into the heart of the design process. By using LCA and SPD in a project design phase, you cannot only address potential hotspots, but also decide on materials, location and size of certain facilities to optimize for energy efficiency. Moreover, you can avoid the shifting of environmental burdens upstream or downstream within the plant and finally it is extremely useful in identifying opportunities for greenhouse gas reduction.

Jan 1, 2007

Ravensthorpe Nickel Operation (RNO) is a major new mine and processing plant currently being constructed by BHP Billiton in a ?green field? site near the small town of Ravensthorpe, about 150 km west of Esperance and six hours drive from Perth in Western Australia. Ensuring that the project has a positive overall impact on the surrounding region and that this extends well beyond the life of the operation will be a major challenge for RNO, state and local government, and the local community. For the last two years, the Centre for Social Responsibility in Mining (CSRM) has been assisting RNO management and the RNO Community Liaison Committee to develop a community sustainability monitoring framework for the project. This paper reports on the process that was used to develop the framework, describes the main elements and briefly discusses key learnings from the exercise.

Jan 1, 2007

The issue of flyrock is critical to the operation of all mineral extraction sites that use blasting. This paper takes a risk-based approach to identifying, analysing and managing the flyrock hazard. The basic cause of flyrock generation is a mismatch between the energy available and the work to be done. It should be noted that the energy available depends on the charge confinement. This mismatch can be caused by an abrupt decrease in rock resistance (geological weaknesses), overcharging, inadequate delays between holes and rows, inappropriate blast design and inaccurate drilling. The mismatch can come about from two sides; either too much energy (charge) for a fixed burden (work to be done), or insufficient burden (work to be done) for a fixed charge. The main mechanisms of flyrock generation are rifling, cratering, face bursting and secondary blasting. Each source mechanism has different characteristics in terms of vulnerable locations and each requires different control measures. However, all controls require a high level of quality control and assurance. A range of different approaches for managing flyrock risk and determining blast clearance zone dimensions are presented. A prescriptive consequence-based approach is discussed. A conventional risk matrix based approach is outlined with some innovation regarding controls rating and uncertainty ratings. A published semi-empirical approach is discussed. Two examples of quantitative flyrock risk analysis are presented; one involves bench blasting based on a published paper and the second is a cratering example developed by the author based on consulting projects. Finally, a stochastic approach based on published work is presented which simulates cratering superimposed on face bursting mechanisms. Also, a stochastic analysis undertaken by the author of the cratering example is presented. Effective blast emission management is required for two reasons; firstly to reduce and/or eliminate safety risks and secondly to manage public perception of blasting risks such as flyrock. The conclusion of the current research is that the wild flyrock risk can be estimated using existing techniques. Furthermore, both qualitative and quantitative risk management methods as discussed in this paper can be used for flyrock management for a given blasting situation. A combination of both is considered to be best practice.

Jan 1, 2007

By D. Eastick, S. Hardcastle

"Over the last few years, a multi-faceted feasibility study has been evaluating the introduction of hydrogen fuel cell-powered equipment into underground mines to replaced diesel engine-powered equipment. The analysis has shown that under normal operating conditions fuel cells could at the very least be an environmental and health benefit by eliminating combustion engines and their unwanted by-products. However, they could also generate significant reductions in the amount of ventilation a mine needs to supply when compared to dieselized operations; this would further decrease a mine’s energy consumption, its associated greenhouse gas impact, and also reduce a mine’s significant ventilation-associated costs. Fuel cell-powered equipment also has the advantage of lower noise and heat production compared to its equivalent diesel-powered counterpart.The degree to which fuel cells can generate ventilation benefits in underground mines depends upon a number of operational parameters and mine specific qualifiers such as current ventilation control or management, mine depth, inherent dust conditions, and minimum velocity requirements.However, another major consideration in the introduction of fuel cells in underground mines will be the safety requirements associated with diluting and removing the potentially explosive hydrogen in the event of a gas leak. In outside surface applications, it is possible to use dispersion, buoyancy, time, and lack of ignition sources as mitigating factors in deriving a low risk of an explosion. However, in underground operations, these factors change, and dispersion and buoyancy are limited; time may not be available and, in non-coal mines, ignition sources are not typically controlled. When a hydrogen leak occurs, the availability of sufficient ventilation to dilute and effectively remove the gas will be critical. Consequently, ventilation may be the prime risk controlling factor. In this paper, the authors evaluate the potential benefits of replacing diesel engines with fuel cells in powered production equipment, discuss the mitigating qualifiers that could limit ventilation savings, and evaluate solutions to retain and maintain an additional ventilation capacity in the event of an emergency situation, such as a hydrogen leak from the fuel cell stack or its distribution system."

Jan 1, 2007

By C. Acuña

The case is presented that the key role of frother is control of bubble size in the pulp zone. Compared to water alone, the addition of frother produces a narrower distribution and finer bubble size. An empirical model is presented for bubble size as a function of frother type using a normalized concentration. The model provides a benchmark for assessing operations. There is no agreed upon mechanism of how frothers act to reduce bubble size. Prevention of coalescence is a common explanation and this action is illustrated. The case against the 'coalescence' model alone is presented and a breakup mechanism is introduced based on pilot cell and single bubble studies. Phenomena associated with bubble shape, velocity and surface flows are used to illustrate the force associated with surface tension gradients. Breakup mechanisms resulting from this force are proposed. The concept can be extended to high salt concentrations which also promote small bubbles.

Jan 1, 2007

By E. R. Dixon

Copper SX/EW plants often bleed part of their electrowinning electrolyte to control impurities and maintain consistent cathode quality. Depending on the specific situation at each site, the bleed is either returned to raffinate, to an SX extraction stage, to an SX wash stage, or to the PLS pond, to avoid losing the copper in the bleed. This practice can have undesirable effects on the overall process. An alternative is to electrowin all or most of the copper in the bleed, thus avoiding the recirculation of the copper in the bleed. In this manner, the bleed is converted to metallic copper without interfering with the SX circuit. This in turn reduces the copper concentration in the raffinate, improving global copper recovery because of improved leaching conditions.

Jan 1, 2007

By Charles W. Axten

Since the mid-1970s, samples of airborne and waterborne fibrous particulates have been collected in the area of the Northshore Taconite Ore Processing Facility by the Minnesota Department of Health (MDH), the Minnesota Pollution Control Agency (PCA), and the University of Minnesota. Indirect sample preparation has consistently been used although other aspects of the sampling methods and sites have varied and analytical procedures were altered over time as more accurate and precise microscopy methods were developed (i.e., phase contrast optical microscopy, transmission electron microscopy, transmission electron microscopy with energy dispersive spectroscopy). In the mid-1970s, levels of airborne fibrous particulate in the Silver Bay area averaged from 0.00030 to 0.03 f/ml. This level was significantly greater than levels of similar particulates in the St. Paul, MN area, although two of the Silver Bay sampling sites, considered individually, did not indicate levels of fibrous particulate markedly different than that seen in St. Paul. More recent sampling data (i.e., 1990?2001) indicate mean concentration of airborne fibrous particulates (amphibole-like fibrous particulates) of 0.0020 f/ml with a range of values from 0.0001 to 0.0140 f/ml. Such levels are not significantly different from those seen in other non-urban environments in the US and Europe. Concentrations of fibrous particulates in water samples were higher in the mid-1970 when iron ore tailings were being deposited in Lake Superior, but since the tailings have been deposited on land waterborne levels of fibrous particulate in the Beaver River have remained relatively constant averaging in the range of 7.5 MFL. This level is only slightly in excess of the current EPA drinking water standard for fibrous particulates. Review and consideration of this data is important in determining the potential health risks associated with airborne and waterborne fibrous particulates in the areas of the Northshore Taconite Ore Processing Facility. © 2007 Elsevier Inc. All rights reserved. Keywords: Taconite; Asbestos; Asbestiform fibers; Fibrous particulates; Cleavage fragments; Phase contrast optical microscopy; Transmission electron microscopy

Jan 1, 2007

By A. H. Mumin, A. K. Somarin, K. S. Oran

"Synvolcanic structures played a fundamental role in the genesis, morphology, and siting of volcanogenic massive sulfide ores and associated hydrothermal alteration in the Archean South Sturgeon Lake caldera complex. The most voluminous and persistent hydrothermal venting and massive sulfide deposition occurred along synvolcanic rifts and grabens associated with faults and tectonic fissures that created permeable fracture zones deep enough to access the underlying hydrothermal reservoir. The type of fracturing is highly variable and changes with the composition, competency, degree of consolidation, and alteration of host rocks. Synvolcanic structures and fracture styles also vary according to the amount and type of tectonic movement, including extension-related collapse, shearing and faulting perpendicular to the principal direction of extension, and orthogonal faulting and shearing. Permeable conduits were created by tension fracturing along fault zones, brittle deformation at the intersections of orthogonal faults, and by extensional fractures in stockworks. In texturally uniform footwall rocks, the distribution of alteration zones was controlled by the morphology of the structural conduit. In rocks with vertical and/or lateral facies, permeability, and competency changes (e.g., Lyon Lake graben), there was an additional stratigraphic control over fluid migration. Some crosscutting synvolcanic structures, alteration zones, and intrusions appear as stratiform units at the present erosion surface due to regional deformation and the present attitude of the volcanic stratigraphy.Hydrothermal mineral assemblages (e.g., quartz, carbonates, chlorite, pyrite, chalcopyrite) infilling structurally induced fractures provide good evidence of fluid migration pathways. However, mineralogy can vary significantly according to the fluid characteristics, host rock geochemistry, and subsequent metamorphic history of the area.Clearly, one of the best methods for locating volcanogenic massive sulfide deposits is to delineate the attitudes of synvolcanic structures, and explore those that show evidence of associated high-temperature hydrothermal mineral assemblages. Excellent exploration targets occur where synvolcanic structures with hydrothermal alteration intersect paleo-seafloor horizons."

Jan 1, 2007

By B. Nanthakumar

The impact of stockpile oxidation on chalcopyrite was studied through collectorless and collector-induced flotation conditions. In both cases, the Cu grade-recovery performance of stockpiled ore showed relatively poor concentrate grades with respect to that of a fresh sample. However, the oxidation had a minor effect on chalcopyrite recovery itself. The poor concentrate grades resulted from dilution effect primarily by excessive flotation of pyrrhotite. Size-by-size analyses indicated that for the collectorless flotation, the recoveries in the coarse and fine particle-size regions, were higher for fresh ore than for stockpile sample. A greater impact was seen in the coarse size regions for both types of sample, compared to the collector-induced case. The Cu recoveries showed a remarkable increase in the coarse size range for both samples when a collector was used. However, the case for stockpile sample was a marginally higher compared to the fresh sample. This difference has been offset by an opposite trend that was observed between these two samples in the fine size region. It is concluded that in contrast to the case with nickel-bearing sulphides, stockpiling conditions do not show a significant adverse effect on behaviour of chalcopyrite due to its strong floatability, regardless of oxidation.

Jan 1, 2007

By H. Lowers, P. Hageman, S. Diehl, D. Fey

Understanding relationships between mineralogy, texture, microstructural features, and element distribution and residence in minerals, is critical for accurate modeling of mineral weathering in waste-rock piles. The morphology of minerals and deformation structures, such as veins and faults, are important factors that control: (1) fluid access to the mineral surface to initiate dissolution, (2) the distribution of trace elements, and (3) formation of secondary minerals. We characterized the mineralogy, textures, and chemical properties of waste-rock material at three sites at scales ranging from outcrop to micrometer scale. A comprehensive hand-sample to thin-section scale methodology utilizing light microscopy, scanning electron microscopy, electron microprobe, and laser ablation ICP-MS was used to thoroughly characterize the waste-rock material.

Jan 1, 2007

By C. M. Diaz, P. J. Mackey

Since its inception, in 1987, the Copper-Cobre series of conferences has established itself as the prime world forum for discussing advances in copper process metallurgy, in particular copper sulfide smelting, copper recovery by leaching and electrowinning and copper electrorefining. All copper producing countries have actively participated in the pyrometallurgy symposia held in the framework of these conferences. In 1999 and 2003, the close to 100 pyrometallurgy papers that were presented had to be accommodated in two volumes. In the present paper, the authors firstly provide a brief historical sketch of the Copper-Cobre conferences and then focus on providing a retrospective look at the dramatic changes that have taken place in copper smelting in the last few decades, primarily as discussed in the Copper-Cobre and precursor conferences pyrometallurgy proceedings. Topics include: the development of autogenous, increasingly more intensive, environmentally sound and energy efficient smelting processes; significant improvements in Peirce-Smith converting practice and at the same time the commercialization of alternative continuous converting routes; the consequent expansion and modernization of smelters; the increasing compliance with strict government environmental regulations in most copper producing regions of the world; the realignment of the copper smelting industry throughout the world; and trends in copper smelting R&D. A look at the future closes these reflections on the contribution of the Copper-Cobre conferences to the advancement of copper smelting technology.

Jan 1, 2007

By Rafael C. Castro, Geoffrey Hughes, Fredrick (Rick) Vincent, Philip H. Albert

Seven pairs of drop and ventilation shafts, between two and nine feet in diameter, will convey combined sewer flow to a 230-foot-deep, 26-foot diameter storage tunnel. This paper will present case histories for each site. Discussion will include functional requirements, program and site access constraints, structural design, geology, the variety of excavation and lining construction methods used, and lessons learned. Noteworthy observations include the importance of assuring competent ground sup-port at the soil-bedrock interface and of achieving tight verticality tolerance using both top-down and raise bore excavation methods.

Jan 1, 2007

By Monique Nykamp

"INTRODUCTIONTerminal 46 is located just south of downtown Seattle, and is one of the Port of Seattle’s busiest container terminals. The Terminal 46 Redevelopment Project was undertaken to replace the existing 15-m-wide (50 ft) cranes along the apron with 30-m-wide (100 ft) cranes, which can unload larger, post- Panamax ships. The project included upgrading the existing waterside crane rail with new piles and constructing a new land-side rail behind the sheetpile bulkhead. The new piles had to be installed adjacent to the existing apron without causing damage, which was a signifi cant geotechnical challenge due to the soft soil conditions at the site. An instrumentation program performed during the test pile program evaluated this challenge and allowed for the development of specifi c production pile installation procedures that had the least possible effect on construction costs and schedule. SITE HISTORYThe site lies along the west side of Elliott Bay, north of the mouth of the Duwamish Waterway. Prior to development, this area was part of the tide fl ats where the Duwamish River drained into Elliott Bay. Prior to 1970, there were several existing timber piers and structures in the area. In the 1970s, the Port of Seattle constructed a 900-m-long (3,000 ft), 30- m-wide (100 ft) apron to support fi ve, 15-m-wide (50 ft) container cranes. The contained backland area was then fi lled with dredged spoils (sand and silt with organics) and the upper 5 to 20 m (16 to 65 ft) backfi lled with sand and gravel.The existing apron was constructed using 0.4 m (16 in) octagonal prestressed concrete piles to support the precast concrete deck and crane rails. The pile-supported bents were spaced at 6.1 m (20 ft), center-to-center, along the longitudinal direction. Pile lengths typically varied from about 20 to 40 m (65 to 130 ft) with 15 to 26 m penetration below mudline (50 to 85 ft penetration). The slope below the apron was constructed at about 1.75 horizontal to 1 vertical to allow for suffi cient water depth for cargo ships. In most areas, a riprap buttress was placed at the toe of the slope. A typical cross section of the apron is shown on Figure 2.Several stability, settlement and pile driving issues arose during the original construction of T-46 (Pita, 1983). Reportedly, movement of the submarine slope occurred during pile driving, resulting in settlement behind the bulkhead. Pile driving reportedly caused settlement of adjacent piles. In addition, some piles were “running” (dropping quickly under one hammer blow) during installation."

Jan 1, 2007

By J. B. Mitchell

Using digital image correlation the evolution of strain and strain at the onset of localisation resulting in a hot tear has been determined for alloys AA6111 and Al¬0.5wt% Cu during solidification. High resolution images of hot tear formation and growth were captured during a constrained bar test that incorporated a glass window above a central hot spot region. The images were analysed using digital image correlation software to measure the evolution of displacement and strain based on tracking the motion of discrete features on the as-cast surface of the sample. Temperature data was also acquired with a thermocouple cast into the sample in close proximity to the hot tear. The interval starting from the point immediately after solidification shrinkage ends (the metal pulls away from the glass) and finishing when the first sign of a crack or hot tear is visible to the eye was used to determine strain data. The minimum strain at which strain localisation occurs was found to be 0.0069 in AA6111 and 0.0021 for A1-0.5%Cu.

Jan 1, 2007

By Emad Farouz, Roger Failmezger

"The proposed reconstruction of I-75 downtown consists of widening an approximately 2.46 Km section of IR-75 through the northern section of downtown Dayton, OH, USA. Bridge B-13 is a 9-span continuos prestressed concrete I-beam, 319.0-meter (1,048-foot) long bridge with a stub abutment on MSE walls for the rear abutment, and a stub abutment with spill-through slopes for the forward abutment. The piers in the river were located parallel to the Great Miami River, and are full-height reinforced concrete walls. PRESSUREMETER TEST PROCEDUREThe driller advanced either casing or augers approximately 1 meter above the pressuremeter test. Steel casing was used to advance borings performed in the river, and augers were used for borings on land. Mud rotary drilling with a large diameter roller bit was used to remove all of the gravel and cobble fragments inside the casing or augers.At the pressuremeter test elevation the driller used a 63.5-mm (2.5-inch) carbide button bi-cone bit, using a rotation rate of about 60 rpm, a mud fl ow rate of about 10 gallons per minute (40 liters per minute), and an advance rate of 6 to 10 minutes per meter (2 to 3 minutes per foot). To minimize vibrations, advance rates were slower where excessive cobbles were encountered. The 63.5-mm (2.5-inch) O.D. slotted casing pressuremeter was lowered to the test elevation, often requiring either pushing or hammering into the test zone. We believe that the test zone was not perfectly straight, or that gravel or cobble fragments jutted into the test zone and had to be displaced to advance the pressuremeter into the test zone. The slotted casing prevented membrane damage during insertion. A photograph of the slotted casing being lowered into the borehole is shown below.The pressuremeter was calibrated for system compressibility and membrane resistance. At full expansion of 800 cm3, the membrane resistance of the slotted casing was about 2.5 bars.Strain-controlled tests were performed using a Texam control unit with a monocell probe. Volume increments of 20 cm3 were injected into the probe and corresponding pressures were measured. Near the end of the elastic portion of the test, an unload-reload cycle was done. A creep test was performed for 10 minutes at the next volume increment. The test continued until either 800 cm3 were injected or the membrane burst."

Jan 1, 2007

Project-finance risk assessment is mature and approached systematically. Mining industry due diligence remains fragmented with specialists addressing different aspects of the project such as reserves/JORC, environmental impact, commodity market, even financial analysis/ modelling. Each professional has a natural tendency to believe that the risk factors they have examined are the key ones necessary to be reviewed, as if their review will stand in isolation from others in the way a project materialises. By first laying out the project risk categories and risk matrices, this paper examines the due diligence process with a keen eye to the risk assessment and overlap/interaction. Some cross fertilisation of due diligence techniques from other industry sectors is placed into the mining context. Six case studies are then presented with regards to due diligence features in each projectÆs feasibility review or financial information/ offering memorandum. A power case first shows the differences between the due diligence expectations of banks versus bond financings. Then some Australian and Indonesian mining development cases are analysed to see the due diligence learning points. Some of these were project/due diligence failures. The conclusion focuses on the value of a systematic risk assessment for project evaluation, all from the project-finance perspective.

Jan 1, 2007