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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 R. M. G. Machunter

The dynamic behaviour of plant circuits and the available instrumentation determine the control strategies that are appropriate for the duty of the mineral separation plant. Although steady state modelling is appropriate to provide the main requirements of grade and throughput capability of a plant, it is the dynamic characteristics that determine the tolerance of the plant to disturbances and also its controller ability. This paper explores these issues with respect to the additional use of dynamic modelling to achieve these objectives.

Jan 1, 2007

By H. C. Voges

An account is given of the tests being conducted by Iscor on the following processes for the beneficiation of coal fines: froth flotation, gravity separation, heavy-medium separation, and pneumatic and column flotation. The coals used in the tests came from the Durnacol, Tshikondeni, Grootegeluk, and Hlobane collieries. The problems involved in the dewatering of fine products are stressed. From a theoretical study of the efficiencies that should be possible for a hypothetical South African coal, it is concluded that future fines-beneficiation plants in South Africa may use standard heavy-medium cyclones for coal down to 1 mm in size, fines heavy-medium separation for the 1 mm to 450 µm fraction, and column or pneumatic flotation for the minus 450 µm fines.

Jan 1, 1991

By Nareetsile S., J. Kabwe

In the past few years Orapa and Letlhakane Mines have investigated various new technologies to enhance and improve production. The goal has been to improve productivity, reduce operating costs and make the mines more profitable The advent of Global Positioning Systems (GPS) in the early ’80s brought about the realization of this concept. Orapa and Letlhakane Mines started using GPS in 1999 and it is now used atLetlhakane mine for surveying, vehicle tracking and dispatching and for floor control system. Orapa Mine uses GPS in surveying, floor control and drill navigation. It will also be used for vehicle tracking and dispatching in mid-2001 following the installation of a fleet management and control system. The introduction of GPS at both Orapa and Letlhakane mines have improved productivity and reduced operating costs in the areas of drilling, topographic survey and floor control. In vehicle tracking and dispatching GPS has allowed for real-time information management for timeous decision-making which optimized fleet run time hours.

Sep 1, 2001

By J. R. de Wet

The Skorpion Zinc Project demonstrated the viability of the production of zinc from non-sulphide (commonly called ?zinc-oxide?) ores, using the leach/solvent extraction/electrowinning process route. The success of Skorpion raised the profile of a number of other zinc oxide deposits, considered to be similar. However, a study of three such deposits demonstrates that the application of whole-ore-leaching may be limited and that the concentration of zinc, or at least the separation from acid-consuming gangue minerals, prior to leaching is essential to the successful recovery of zinc from these deposits. The recovery of zinc is dependent on an understanding of the geology of the deposit, the mineralogical association of zinc minerals with gangue minerals (Boni, 2005) and limitations of mining practice. Flowsheet development and the associated metallurgical testwork to derive an economically viable treatment route from two of these deposits are discussed. Key parameters affecting zinc recovery by gravity separation and flotation are presented, demonstrating that even minor differences in mineralogy have a profound impact on zinc recovery and reagent consumption. The study also deals with the determination of appropriate design parameters through metallurgical mapping of the dense media separation process.

Jan 1, 2008

The rising tide of environmentalism has adversely affected many mineral producers, but it has also provided them with a number of opportunities for mineral applications. These markets are as diverse as water treatment, waste disposal, and flue-gas desulphurization. Whilst legislation is forcing up the industry's environmental standards, the advent of environmental management provides an opportunity for producers to display its 'green' credentials. The picture painted of the extractive industry by environmentalists is undeservedly black, because the more efficient a producer is, the more effectively that producer conserves the very resources he exploits. The 1993 IM Forum examined these issues and how they affect the mineral producer, and this publication comprises the papers presented at that meeting.

Jan 1, 1995

By E. J. Walls, W. C. Joughin

"In selecting a suitable method to sink a vertical shaft for underground access, a number of constraints influence the ultimate decision of where and how to develop the shaft, not least among these being safety, development and construction time, and cost. Two additional considerations stand out: these being geotechnical conditions and technology, the latter taking into account existing underground access. Assuming a project for which an existing underground excavation is available, it is tempting to build a shaft sinking project from the outset based on the raiseboring method, which has the potential to be the safest, fastest, and least expensive method provided that geotechnical conditions permit.And therein lies the rub: regardless of project time or cost constraints, when it comes to raiseboring a long (say, greater than 500 m), large diameter (greater than 4.5 m) shaft, the rock mass conditions ultimately dictate what method of shaft sinking will be feasible. Over the course of several studies for a particular project, several geotechnical analyses were carried out specifically for the purpose of developing a shaft by raiseboring. Risk analysis and experience showed that where the rock mass conditions indicated an unacceptably high risk potential, an alternative method needed to be considered, even if this meant increasing both the time and financial requirements.In this paper we present an overview of geotechnical investigation practices for shaft sinking. Decisionmaking thresholds for raiseboring or other methods of shaft sinking are discussed, including probabilities of failure, empirical rock mass classification, basic wedge failure, and back-analysis of a failed case. The design of appropriate support, and analysis of relative safety benefits for various shaft sinking methods, falls outside the scope of this work, and will be presented in a separate paper.IntroductionThe potential for rock mass failure during shaft development and construction affects whether a project is completed safely, on time and on budget. During the course of several studies to establish ventilation shafts for an underground expansion project, geotechnical analyses of rock mass stability and failure potential were carried out. The investigations were guided by the method of McCracken and Stacey (1989) together with insights from Peck and associates (Peck, 2000; Peck and Lee, 2007, 2008; Peck, Coombes, and Lee, 2011)."

Apr 1, 2019

A modified germanium recovery process in conventional zinc metallurgy, based on the understanding that ferric hydroxide has strong ability to coprecipitate germanium element, was presented. The relaxed lab-scale experiments were conducted to evaluate its technological feasibility. The experimental results obtained show the new process has great competitive advantage over the conventional one.

Jan 1, 2008

By A. Hinde, M. H. Moys

Tailings from metallurgical plants, when deslimed with hydrocyclones, provide a valuable source of material for the backfilling of mines. The effectiveness of this material as a support medium is a sensitive function of its particle- size distribution and water content. It is therefore important that the hydrocyclone-classification plants used to prepare the backfill are operated efficiently, and that the effects of feed disturbances on the composition of the backfil are minimized. This paper addresses the problem of the design, control, and optimization of classification plants to satisfy this need. The development of a computer program to simulate the dynamic behaviour of a hydrocyclone circuit of any given configuration is described. The use of the simulator to investigate the relative performance of conventional and innovative control strategies for single-stage and two-stage circuits is discussed in depth. The results of simulation studies are presented that indicate there is considerable scope for improving the performance and cost-effectiveness of backfill-classification plants.

Jan 1, 1991

By K. -J. Shou

A special three-dimensional boundary element method has been developed for the simulation of the development of fracture zone in rock mass. This approach comprises a boundary element method and a three-dimensional tessellation mesh generator. By using the tessellation generator, a set of pre-defined potential fractures is defined, and the fractures activate when the failure criterion is exceeded. This approach is justified by the reproduction of features observed in laboratory simulations of fracturing in blocks of rock subjected to compression. An attempt is then made to explain some of the attributes of fracture zone surrounding underground openings. Eine spezielle drei-Dimesionen Grenze Element Methode ist entwickelt zu simulieren die Entwicklung der Fraktur Zone in der Steinmasse. Diese Untersuchung benutzt eine Grenze Element Methode und ein drei-Dimensionen tessellation Masche Generator. Durch das Benutzen des Tessellation Generator, ein Satz der vor-bestimmt potentielle Fraktur ist festgelegt. Die Fraktur wird betaetigen, wenn das gescheiterte Kriterium ist uebersteigt und sind in dem Verscheiben-Abbrechen Element eingeschlossen. Diese Untersuchung ist von der Reproduktion der Fraktur justiert, die ins Labor beobachtet wird, um die Fraktur in der von der Kompression unterworfenen Steine zu simulieren. Ein Versuch ist gemacht, um einige Eigenschaften der Fraktur Zone um die untertageoeffnung zu erklaeren. Une méthode tridimensionelle spéciale de élément frontière a été dévélopée pour la simulation du dévélopment d’une zone fracturée dans la massive roche. Cette approche comprend une méthode de élément frontière et un générateur de maillage de la mosaïque tridimensionelle. En utilisant le générateur de mosaïque, une série des fractures potentielles predéfinies est définie avec d’une procédure de la triangulation de Delaunay. Les fractures activent lorsque le critère de rupture est dépassé et sont inclues dans les éléments du déplacement discontinuité. Cette approche est justifiée par la reproduction des caractéristiques observées dans le laboratoire, les simulations des blocs de roche fracturé et sujetés en compression. La tentative est alors fait pour expliquer quelques arttributs d’une zone fracturée alentours les ouvrages soustérrains.

Jan 1, 2003

By P. J. How, T. O. Hagan, M. F. Handley

Inelastic deformation of highly stressed rock in deep mines needs to be quantified in both time and space. Since most deformation occurs by shear, continuous monitoring of discontinuities in the rock from boreholes holds promise. The casing. Al interpretations of shear movements are based on a simple relation between shear displacement and the resulting change in tilt of the sensor. A prototype has been constructed and has undergone laboratory trials with satisfactory results. Underground trials will commence shortly. The instrument as designed has the potential for other applications, both in the civil-engineering and mining industries. paper describes an instrument that is both cheap and reliable, and capable of monitoring such shear movements continuously. The principle of operation is based on two capacitive gravity sensors mounted orthogonaly to each other in a sealed aluminum

Jan 1, 1988

By C. R. Speers, M. I. Forsyth

The paper describes how stress analyses were used to show the defect of a tunnel's shape on the overstressing potential of its periphery. The best profile was found to be that of a horizontal ellipse, for which there was little significant scaling, permitting temporary support to be incorporated into a permanent tunnel support system. This investigation was followed by the modeling of several support systems for tunnels with a horizontal-ellipse profile, which showed that such a profile can reduce the installed support required for a tunnel of different cross section by an average of 57 per cent.

Jan 1, 1994

By V. M. Lovell, N. P. Finkelstein

The concepts involved in flotation research are discussed and aims are presented. Three different methods of investigation can be used, all of which are applied at the National Institute for Metallurgy (N.I.M.), and these are the empirical, trial and error method, the chemical engineering method, and the physicochemical approaches. This paper is devoted to the last of these. Because of the complexity of the physicochemical interactions involved, the work has, to a large extent, been concentrated on only one aspect, viz. the interaction between the mineral surface and reagents in solution, which was considered of major importance in the understanding of the process. The aspects on which work has been done are the concentration of uranium, the reaction between salt minerals and fatty acids, mixed xanthate-cationic collector systems, and the reaction between sulphide minerals and thiol reagents. Selected problems from the first two of these are discussed in some detail and deal with the agglomeration flotation of uranium and the chemical control of the flotation process for phoscorite. A detailed discussion is also presented of the progress made in the understanding of the interaction between sulphide minerals and thiol reagents, which is of more general application. Finally, an indication is given of the future direction of physicochemical research at the N.I.M.

By D. W. Boydell, E. B. Viljoen

A flowsheet incorporating rotary-drum filtration for the solid-liquid separation step, followed by solvent extraction for uranium purification, is used as a standard against which four flowsheets are compared. These flowsheets employ either counter current decantation or belt filtration for solid-liquid separation, and either solvent extraction or continuous ion exchange plus solvent extraction for the purification step. Sales revenue, taxation, capital expenditure, and operating costs are estimated. These factors are taken into account in the calculation of an incremental net present value for each circuit by the discounting of cash flows at 25 per cent per year over a projected life of 15 years. For the material used in these examples, the highest net present value results from the circuit that employs belt filtration followed by continuous ion exchange and solvent extraction.

Jan 1, 1978

By D. F. Williams

The modelling, simulation, and design of processes for the recovery of gold from solution by absorption on carbon require the combination of a suitable rate expression with a description of the flow conflguration of the system. By the use of a suitable rate expression from the literature, methods are presented for the design of multi-stage countercurrent absorption systems corresponding to the commonly used carbon-in-pulp and carbon-in-column contacting systems. The sensitivity of the recovery to various design parameters is illustrated. These results have important implications in the choice and design of equipment.

Jan 1, 1985

By M. Rudolph, J. Sygusch

Froth flotation is well-established and efficient in the selective separation of valuable particles from unwanted material with sizes ranging from 10 μm to 200 μm. However, when it comes to the separation of ultrafine particles (< 10 μm) there are still some challenges, or rather opportunities. This research aims at developing a method for the separation of ultrafine particles based on multiple particle properties. Amongst such properties are wettability, morphology (shape or roughness) and size with applications not only in mineral processing but in general chemical engineering. In this study, three differently shaped fractions are used as valuables for testing: spherical particles, elongated particles and irregularly shaped particle fragments; together with ultrafine magnetite as the gangue material, in order to investigate the effect of particle morphology on ultrafine particle flotation, as well as wettability, which is varied by esterification using alcohols. Flotation tests are carried out using a novel flotation device that was designed especially for the flotation of ultrafine particles, combining advantages from machine-type froth flotation and column flotation. The results showed that, in contrast to previous studies, recoveries for ultrafine spheres were higher than for ultrafine fragments for all wettability conditions, and hydrophobisation generally increased particle recoveries for said morphologies. Tests using fibres showed different behaviour as hydrophobisation had negative effects on their recovery, despite increased selectivities and kinetics. These findings suggest that apart from influences of particle properties within the suspension zone, their effects on the froth characteristics should be studied in more depth. Keywords: Ultrafine particles, Flotation, Particle shape, Wettability, Esterification of glass, Hydrophobisation

Jan 1, 2020

"Chairman: Dr DeV. HarrisRapporteur: Mr A.H. MunroPapers:Corporate exploration strategies by MacKenzie, B.W.The Engel Simulator and the search for uranium by Griffiths, J.C. and Singer, D.A.The Chairman opened the session by tracing the changes which have taken place in the exploration field since the days of the lone prospector who relied upon his individual skills and to a large extent on luck. The deposits which now remain to be discovered are better covered and are of lower grade. A much greater team effort, involving geoscientists and engineers, is required. The gamble is thus much greater -not only are the probabilities of failure still significant but the consequences are more severe. A recent Canadian survey indicated that expenditures of between two and nine million dollars on regional exploration programs are required to locate one significant deposit.The Chairman went on to say that these facts have led companies to regard exploration as another form of investment and to treat it accordingly. This had placed exploration in the context of corporate strategics and structures, which was the subject of the first paper of the session.In introducing his paper, Dr B. W. MacKenzie said that the paper suggested a decision framework for exploration planning. Initially the environment is analyzed to define observable and relevant economic characteristics. The terms of reference for exploration planning and the appropriate allocation of capital and skills are then established in the light of corporate objectives and growth alternatives. With the aid of this information and in the light of profit and corporate risk criteria, exploration strategies can be selected.Dr MacKenzie went on to say that the usefulness of the concept and criteria outlined in his paper depended critically upon three characteristics of any particular economic environment, namely, the return resulting from an economic discovery, the unit discovery Cost and the probability of making an economic discovery. He then showed by means of a case history relative to the Canadian Shield and Cordilleran areas that these three characteristics could, in fact, be evaluated for regions with reasonable histories of mineral activity.The first contributor to the discussion of the paper, Mr Alfred Weiss, mentioned that his group had been involved in exploration modelling for some ten years and were thus particularly interested in the paper. He went on to say that they had experienced greatest difficulty with reconnaissance programs and that he sensed that these difficulties were also present with the methodology which had been outlined. Mr Weiss asked Dr MacKenzie how he would deal with such situations when no information was available but where there was the potential for both exploration and discovery. Dr Mackenzie agreed that the lack of information was a very severe limitation and said that at the present time his methodology probably did not provide a basis for breaking down the broad geological regions he considered into areas for further assessment."

Jan 1, 2014

By B. A. Dukas

The diamond-drilling machine has for many years been the most important exploration tool In the search for and subsequent evaluation of Witwatersrand-type ore deposits. With a view to increasing the range of services that can be provided and, at the same time, counteracting rising drilling costs, new techniques are continuously being developed. Many of these techniques have equal application in surface and in underground exploration. This paper reviews drilling techniques such as non-coring pilot holes and deep wire-line drilling, as well as the design of core-barrels and drilling bits to cater for the specific nature of the job on hand. Special drilling fluids and aluminium rods to assist in normal drilling operations are also discussed. Special mention is made of a bore hole&apos;s natural tendency to deviate in a certain direction. The factors that cause deviation are used to the advantage of controlled drilling techniques.

Jan 1, 1983

With a number of new mines at the feasibility stage and beyond and with several pellet capacity expansions well underway to reduce sintering activity, Alex Broad looks at the impact of worldwide environmental legislation on the iron ore industry. &apos;Environmental impact assessment&apos; has become something of a buzz term in the metals and mining industry over the last few years and is sure to be an integral part of any green or brown-field project worldwide by the turn of the century, if it is not already. Given the number of iron ore projects springing up, most notably in deposit-blessed Australia, it is not surprising that the subject of environmental approval has been raising its green head. At the very least the process can slow down a new mine project, or at worst have it deemed unfeasible but in general a government is unlikely to put up unnecessary barriers to a project with the beneficial financial implications of an iron ore deposit.

Jan 1, 1996

By L. E. Salinas-Farran, S. J. Neethling

Key variables in heap leaching include permeability, mechanical stability and mass transport. All of these properties can be manipulated by agglomerating and curing the ore before stacking it into heaps. The chemical and structural evolution of the agglomerates during curing is key to improving agglomerate properties and, ultimately, heap performance. It is possible to image the internal structure of agglomerates using SEM/EDX (e.g. QEMSCAN or MLA), although these methods are destructive and do not represent the 3D structure of the agglomerates. A non-destructive alternative is to image the agglomerates using X-ray Microtomography (XMT). Not only does this provide 3D information, it also allows the same samples to be repeatedly scanned, allowing the time evolution of the agglomerate structure and chemical composition to be tracked. In this paper we compared the behaviour of ores agglomerated using a combination of sulphuric acid and ferric sulphate with ones in which chloride ions are added to the recipe, since chloride leaching is gaining in popularity as a chemical alternative to bioleaching for sulphide ores. We tracked the curing process beyond the typical time scales to see the impact that this has on both the agglomerate structure and the subsequent leaching behaviour. Keywords: Heap leaching, curing extent impact, leaching kinetics, ferric-chloride leaching

Jan 1, 2020