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By T. Dlokweni

Several Rockmass classification systems have been developed and used in Civil Engineering design and for underground mining operations. Some of these rockmass classification systems have been modified and used in the South African coal mining industry to quantify descriptive geological information for use in coal mine design and roof support selection. The Coal Mine Roof Rating (CMRR) system developed in the USA has been investigated in detail as part of the study. Advantages and disadvantages of the system have been identified by means of underground and surface borehole testing. Investigations into the rating systems in South Africa found that most of the rating systems used in the South African coal mining industry are for planning purposes, and are conducted on borehole cores. This study also highlighted that the rating systems being used are based on geology, and that the human factor plays a major role in the rating systems. To overcome these problems, all the classification systems used in South African coal mines have been benchmarked against impact splitting technique and documented. The best elements of these systems are combined into a new standard system that will be easily used by all mine geologists and rock mechanics engineers. Plusieurs systèmes de classification de la masse rocheuse ont été développés et utilisés dans le Génie Civil et pour les opérations d'exploitation minière souterraine. Certains de ces systèmes de classification de la masse rocheuse ont été modifiés et utilisés dans l'industrie minière sud-africaine pour quantifier l'information géologique descriptive utilisée dans la conception de mines de charbon et la sélection de soutènement du toit. Le système d'Evaluation de Toit de Mine de Charbon (CMRR) développé aux USA a été examiné en détail, comme part de l'étude présente. Tests en surface de trous de mine ont permis d'identifier les avantages et inconvénients du système. Une étude des systèmes d'évaluation en Afrique du Sud a révélé que la plupart des systèmes d'évaluation utilisés dans l'industrie minière sud-africaine sont utilisés pour la planification, et sont menés sur les carottes de trous de mine. L'étude présente a aussi souligné que les systèmes d'évaluation utilisés sont basés sur la géologie, et que le facteur humain joue un rôle majeur dans les systèmes d'évaluation. Pour surmonter ces problèmes, tous les systèmes de classification utilisés en Afrique du Sud ont été référencés en termes de technique de fissuration sur choc, et documentés. Les meilleurs éléments de ces systèmes sont combinés dans un nouveau système standard qui sera utilisé aisément par tous les géologues de mine et les ingénieurs miniers. Verschiedene Gesteinsmassenklassifikationssysteme wurden entwickelt und kamen im Design für Hoch- und Tiefbau und Untertageabbau zum Einsatz. Einige dieser Gesteinsmassen-klassifikationssysteme wurden modifiziert und sind in der südafrikanischen Kohlebergbauindustrie in Verwendung, um beschreibende geologische Informationen für die Anwendung im Design von Kohlebergwerken und der Firstabstützungsauswahl quantitativ zu beschreiben. Das in den USA entwickelte Kohlengrubenfirstbewertungssystem (CMRR) wurde als Teil der Studie im Detail untersucht. Vorteile und Nachteile des Systems sind mittels der Untergrund- und Oberflächenbohrlochprüfung gekennzeichnet worden. Prüfungen der Bewertungssysteme in Südafrika ergaben, daß die meisten Bewertungssysteme die in der südafrikanischen Kohlebergbauindustrie benutzt werden, Planungszwecken dienen und werden anhand von Bohrlochkernen durchgeführt. Diese Studie hob auch hervor, daß die verwendeten Bewertungssysteme auf Geologie basieren und daß der menschliche Faktor eine Hauptrolle in den Bewertungssystemen spielt. Um diese Probleme zu überwinden, wurden alle in südafrikanischen Kohlengruben benutzte Klassifizierungssysteme vergleichsweise in Hinblick auf Spaltschlagtechnik überprüft und dokumentiert. Die besten Elemente dieser Systeme werden in ein neues Standardsystem kombiniert, das leicht von allen Grubengeologen und von Gebirgsmechanikingenieuren benutzt werden kann.

Jan 1, 2003

By M. Kilfoil

Many minerals processing operations result in crushed rock being mixed with a liquid. Sometimes, the rock particles have to be dried before the next process begins and there may be a considerable distance between the equipment carrying out these processes. Bateman Engineered Technologies (BET) developed, patented and commercialized a method of simultaneous pneumatic conveying and drying. A joint project to assist with optimizing the process is under-way. Part of it is a numerical simulation of the process. The simulation is done using a dedicated program written in MATLAB, (commercial software which is widely used in engineering). It accounts for heat and mass transfer as well as particle transport. The main part of the program consists of a loop containing a series of equations which are evaluated sequentially. During any particular iteration, the properties are changed one at a time. Since the properties are changing relatively slowly, this method gives good results. The outputs of the simulation are consistent with the operational experience of BET’s engineers. The output is very comprehensive and all numerical. Since the program is currently being used for research purposes, flexibility is very important. Thus the output is converted into a spreadsheet file. Variations in the output quantities are displayed graphically using MS Excel. Some simulation could have been done using computational fluid dynamics (CFD) software. The advantages and disadvantages (technical, financial and skills requirements) of the two approaches for this particular type of simulation are compared briefly. Keywords: Pneumatic conveying, Heat and mass transfer, Computer model

Jan 1, 2003

By W. Wittke

SUMMARY: Geotechnical problems often lead to an increase of construction time and costs for large highway and railway projects. Some reasons, which have led to failures and thus to a delay of construction works as well as to increasing costs, are demonstrated by means of case histories, in which the author was involved as expert or planner. Proposals are made how to identify the reasons and to avoid repetitions. ZUSAMMENFASSUNG: Bei Großprojekten der Verkehrsinfrastruktur stehen häufig geotechnische Aufgabenstellungen im Vordergrund. Wegen geotechnischer Probleme kam und kommt es häufig zu Termin- und Kostenüberschreitungen. Anhand einiger Beispiele, bei denen der Autor als Gutachter und Planer beteiligt war, wird gezeigt, welche Ursachen zu Schadensfällen und damit auch zu Termin- und Kostenüberschreitungen geführt haben. Es werden Hinweise und Anregungen gegeben, wie die Ursachen erkannt und Wiederholungen von Schadensfällen vermieden werden können. RÉSUMÉ: À grands projets de l'infrastructure de la circulation, souvent des tâches géotechniques sont au premier plan. Par suite de problèmes géotechniques, souvent des dates et frais ont été dépassés. Au moyen de quelques exemples, à lesquels l'auteur participait comme expert et planificateur, les causes sont mises en vue qui menaient à des cas de dommage et par cela aussi à des dépassements de dates et frais. Des indications et suggestions sont données pour s'apercevoir des causes et éviter des répétitions de cas de dommages.

Jan 1, 2003

By A. F. Collings

The processing of heavy mineral concentrates can be enhanced by the use of power ultrasound to clean their surfaces of oxidation products and fine coatings, mainly through the large, but very localized forces, produced by cavitation. Results are presented of the application of power ultrasound to remove coatings from the surfaces of mineral sand concentrates in order to improve the sharpness of their high-tension separation and, in some cases, the quality of the low iron components such as zircon. Improvements of 10–15% in recovery and up to 20% in grade compared to unsonicated material were achieved in a single stage laboratory high-tension separation. Cavitation also ensures that a fresh, clean surface is presented to leachants during the leaching of suspended solids. At the same time, the effect of cavitation and the shearing effect of the sound wave passing over the solids ensure that the saturated boundary layer is kept to a minimum if not completely removed. This application of power ultrasound helps to speed up leaching processes as applied to the removal of excess alumino-silicate contaminants in some ilmenite. Keywords: Ultrasound, power ultrasound, heavy minerals, processing.

Jan 1, 2003

By A. González

Arsenic is one of the main contaminants present in Chilean copper concentrates and its abatement represents a challenge for the process metallurgy, particularly under the strong environmental requirements in the global community. The possibility to form ferric arsenate directly from a gas phase by means of a heterogeneous reaction between an arsenic gas bearing and iron oxide was studied at laboratory scale. A thermodynamical analysis for the system Fe-As-O-S has been initially made, in order to obtain the stability conditions for the ferric arsenate or other FeAsyO2 type compounds. Experiments were made using an hematite sample suspended in a thermogravimetric device. AS4O6 gas generated from solid AS2O3 that was passed through the iron oxide sample and its instantaneous weight change was recorded directly. A kinetic study for the AS4O6 volatilization was made to control the gas composition. A chemical control between 300 and 600°C with an apparent activation energy of around 14 Kcal/mol As2O3 was determined. The samples after the reactions were chemically and XRD analysed. Arsenates detected corresponds to complex compounds. Results shows a dependence on temperature and oxygen content in the gas phase. The kinetics for iron arsenates formation is slow, reaching an arsenic capture of 6% after 80 minutes of reaction when an oxygen content of 50% is fed continuously at 800°C and 3,56% As in the gas. Experiences made at the same temperature but under higher oxygen content in a closed reactor, allowed arsenic capture close to 60%. For higher temperatures the capture is considerably lower.

Jan 1, 2003

By E. Spyridonos

Sustainable development in the mineral industry requires a paradigm shift from purely economic to multi-objective decision-making, considering economic, social, environmental and governance criteria. The commonly accepted aim is responsible stewardship of non-renewable resources. State-of-the-art 3D geological and mine modeling software technology can contribute to meet this objective as reliable and accurate geological models form the basis for an optimum management. The benefits obtained by the application of computerized modeling are illustrated at hand of three studies. The examples cover global and local producers of industrial minerals in fully developed as well as development countries. They refer to different levels of planning, from initial resource assessment over long-term planning to the generation of rolling forecast for operative planning in a running mine.

Jan 1, 2003

By Y. Ono

In lightweight metal processing such as aluminum (AI) and magnesium (Mg), metal cleanliness is a crucial process parameter for refining, part manufacturing and recycling in order to obtain high quality parts and products. In this paper, techniques for cleanliness evaluation of molten AI and Mg using ultrasonic probes with clad steel buffer rods having high signal-to-noise ratio (SNR) are presented. Due to the high SNR of the ultrasonic probes used, backscattered ultrasonic signals from inclusions, which may be oxide films and/or particles, in molten Mg and those from silicon carbide particles, having an average size of 50f.Ull, added in molten AI are successfully detected with reflection configurations of pulse-echo and/or pitch-catch modes at an ultrasonic frequency of 10 MHz. In addition, relative cleanliness evaluation of molten Al and Mg is demonstrated. In order to establish the procedure and to investigate the optimum system configurations for cleanliness evaluation of molten metals, particle flow simulation system using water and polyvinyl chloride (PVC) particles has been constructed. Counting the number and measuring the size distribution of the PVC particles, having an average diameter of 128um, suspended in water with the PVC volume concentrations of 5ppm and 10ppm are performed with ultrasonic pitch-catch mode. The counted numbers of particles by the presented method and system have good agreement with the calculated results with a count error of less than 10% or two counts. Based on the results obtained with water simulation experiments, the prototype system for cleanliness evaluation of molten Mg by counting and sizing inclusions has been developed. Keywords: Ultrasound, Clad buffer rod, Molten metal, Aluminum, Magnesium, Inclusion detection, Cleanliness measurement, Counting, Sizing

Jan 1, 2003

By J. Postle, Deborah McCombe

"This is the third in a series of articles about the Committee for Mineral Reserves International Reporting Standards (CRIRSCO). The first article was an interview with Niall Weatherstone, Chairman of CRIRSCO (CIM Magazine, February 2008) the second described the background and goals of CRIRSCO (CIM Magazine, March/April 2008). In 2007, CRIRSCO was adopted as the Reserves and Resources Task Force of the International Council on Mining and Metals. This decision by ICMM has resulted in an increased level of funding for CRIRSCO and the ability to advance its objectives. In mid-October 2007, CRIRSCO members met in London England to discuss the status of each of the member countries’ reporting codes and the progress of various CRIRSCO projects. Update on national reporting codes Australia: The last update of the Australian JORC Code was in 2004. While there are ongoing discussions about issues that arise from the application of the latest version of the Code, there are no plans to update JORC in the near future. Canada: The Canadian Securities Administrators revised National Instrument 43-101 in December 2005. At the same time, the Canadian Institute of Mining, Metallurgy and Petroleum published updated Resource and Reserve Definitions that are incorporated by reference in NI 43-101. CIM is continuing work on developing Best Practice Guidelines to assist practitioners in the estimation of Mineral Resources and Reserves. South Africa: The South African Mineral Reserve Committee is currently awaiting an update of the Johannesburg Stock Exchange Limited Listing Rules, which will incorporate both SAMREC and SAMVAL (South African valuation guidelines). The official launch of both codes is expected in 2008. Europe: The Pan-European Reserves Reporting Committee expects to release a consultation draft in 2008. Emphasis is being placed on industrial minerals and aggregates, which constitute a very large industry in Europe. Chile: The Chilean Certification Code was approved in early 2008. As part of the Code, a National Commission is being established to screen and review reports on a random or specific basis. United States: The Society of Mining Engineers updated the SME Reporting Guidelines in 2007. The Securities and Exchange Commission has not accepted these more up-to-date definitions and guidelines. The SME committee will continue to discuss the incorporation of these Reporting Guidelines with SEC. SME has also established a class of membership, a Registered Member, which includes disciplinary measures for non-compliance with the SME guidelines."

Jan 1, 2003

By P. Altounyan, K. Akermann, T. Van den Berg

Amandelbult Mine is currently undertaking a trial to mechanise the mining of the UG2 reef through the introduction of room and pillar mining. As part of the trial, a system of managing the control of the hanging wall has been introduced, based on systems and technology that are proving successful in the nearby coal mining industry. The principal features are the use of a high bond strength, stiff bolting system which can be easily installed to a high standard, and a range of in situ tests and measurements to optimise the level of support installed to control the movement of the hanging wall. The rock bolt system and the measurements and tests described are new to the platinum mining industry. The paper describes these systems and their adaptation and application to hard rock mining. La Mine d’Amandelbult est actuellement dans des essais en vue de mécaniser l’extraction dans la veine UG2 grâce à l’introduction d’une exploitation par chambres et piliers. Dans le cadre de ces essais, un système de gestion de la paroi suspendue a été introduit, base sur des systèmes et une technologie qui prouvent donner de bons résultats dans l’industrie voisine d’extraction de la houille. Les caractéristiques principales sont l’utilisation d’un système de verrouillage raide et à forte adhérence qui peut être installé à un haut niveau de qualité et une gamme d’essais et de mesures in situ pour optimiser le niveau de soutien installé pour contrôler le mouvement de la paroi suspendue. Le système de verrouillage de la roche ainsi que les mesures et les essais décrits sont une nouveauté dans l’industrie minière du platine. La communication décrit ces systèmes ainsi que leur adaptation et leur application à l’exploitation minière en roche dure. Amandelbult Mine unternimmt gegenwärtig einen Test um den Abbau des UG2 Riffs durchEinführung des Kammerpfeilbau zu mechanisieren. Als Teil dieses Tests wurde ein System zur Kontrolle der Stollenfirstes eingeführt, welches auf jenen Systemen und Technologien basiert, diesich im nahe gelegenen Kohlebergbau als erfolgreich erwiesen. Die prinzipiellen Charakteristikasind der Gebrauch von einem steifen Bolzensytem mit hohem Verbundwiderstand die leicht zueinem hohen Standard gebracht werden können, und eine Reihe von in-situ Tests und Messungenum das Niveau der installierten Unterstützung zu optimieren, und um die Bewegung desStollenfirstes zu kontrollieren. Das Gesteinsbolzensystem, die Messungen und die Tests, diebeschrieben werden, sind neu in der Platinbergbauindustrie. Diese Arbeit beschreibt diese Systeme, deren Anpassung und Anwendung im Hartgesteinsbergbau.

Jan 1, 2003

By Asmo Vartiainen

Background of Direct-to-Blister Flash Smelting is discussed; especially slag chemistry relating to copper solubility, slag fluidity and impurity behavior. In December, 2000, Mini-pilot Flash Smelting test runs were carried out at Outokumpu Research Oy to produce blister copper from Chilean concentrate and white metal and from a mixture of them. Tested slag types were iron silicate slag, ferrous calcium silicate slag and calcium ferrite slag with different slag compositions and different concentrate/white metal ratios. The test runs were successful. The fluxing effect of copper oxide was clearly demonstrated and ferrous calcium silicate slags remained fluid on a very wide liquidus range. The distribution of arsenic between ferrous calcium silicate slag and blister copper is much higher than between iron silicate slag and blister copper. This successful test run with the new slag type offer new possibilities in Direct- to-Blister process design.

Jan 1, 2003

Solid Energy New Zealand Limited (æSolid EnergyÆ) is a state-owned coal mining company, producing 4.0 Mtpa from a number of opencast and underground mines in the Huntly, West Coast and Southland regions in New Zealand. The company currently exports 2.1 Mtpa of coking coal. Exports are expected to grow strongly over the next five year as the company expands production into new semi-soft and thermal coal reserves. Domestic coal demand is also expected to grow strongly, particularly in the North Island, as the Maui gas field reserves diminish, and thermal coal becomes more important for electricity generation and meeting the energy needs of forest processing and other industries. Solid Energy is expanding and developing its risk management practices across all areas of the business: strategic planning û extensive use of scenario analysis and probabilistic modelling over a 20 year period; investment decisions û development and application of a rigorous six stage æProject Assessment GuidelineÆ process for all new mine developments; geological and geotechnical risk assessment techniques û use of best practice techniques including seismic surveys; financial risk management û a dynamic approach to hedging based on effects based analysis of Cash Flow at Risk analysis against preset risk tolerances; risk financing û the use of a captive insurance subsidiary, and the experiences of a small coal company seeking to obtain insurance cover on a æhardÆ international insurance market; and integrated risk management û the challenges of trying to implement a broad integrated risk management approach across the company, that supports implementation of strategic objectives as well as meeting æcompliance or legislative basedÆ risk management requirements.

Jan 1, 2003

By D Jones

The development, piloting and engineering design of an innovative water treatment system for process water produced by a uranium mine mill are described. The process incorporates lime/carbonate softening (Stage 1), reverse osmosis (Stage 2) and biopolishing (Stage 3) to produce water of quality suitable for release to the receiving environment. Comprehensive performance data are presented for each stage. The unique features of the proposed process are: recycle of the lime/CO2 softening sludge to the uranium mill as a neutralant; potential use of power station off-gas for carbonation; and the potential recovery and recycle of ammonia from the RO reject stream.

Jan 1, 2003

By Matthew Jeffrey

Leaching, cementation, electroplating and flotation are all electrochemical phenomenon. They are also key processes in the hydrometallurgical treatment of metals. Unfortunately electrochemical methods tend to be under-utilized when studying these processes and one possible reason for this is the confusion surrounding the large number of electrochemical techniques available. In this paper four former PhD students of Professor Ian Ritchie present an insight into how one electrochemical technique can be used to compliment rate/kinetic studies. The paper details how to perform the experiments, interpret data, and recognize complications with the results. Examples where this approach has been highly successful are presented, and include: cementation of zinc by aluminium, cementation of copper by nickel, cyanide leaching of gold and the cementation of gold thiourea by mild steel. The examples illustrate that this universal approach adopted by Ian Ritchie provides the key to understanding the mechanism of many hydrometallurgical reactions.

Jan 1, 2003

By C. Dixon

The Abandoned Mine by C.C. Woollacott A heap of rocks marks the abandoned mine. The veld's unpitying silence lies around. Those broken stone?a mute and mournful sign Of human enterprise with failure crowned. Time with the slow hands, shall form the scene anew, Repair the gashes in the wounded soil, And cover up the last remaining clue To a poor useless record of men's toil. And this, the mound they built when hopes were high Shall be a grave, where those hopes buried lie. Outline This paper will consider the implications of the mine closure provisions set out in the new Mineral and Petroleum Resources Development Act and draft regulations. A comparison will be made with the existing provisions in the Minerals Act and the mine closure policy of the Department of Minerals and Energy (DME). The paper will consider whether the new provisions have the potential for improving performance as regards mine closure. It will investigate the financial provisions requirements and the implications of these provisions for mines. It will consider the requirements for a social and labour plan and consider the implications of this for mine closure and its funding. It will analyse the provisions relating to the transfer of environmental liabilities to third parties and consider the implications of this in the case of closing mines and non-closing mines. Finally it will consider the issue of residual legal liability of a mining company once a closure certificate has been issued.

Jan 1, 2003

By C. S. Maggs, L. Shwydiuk, H. W. Newcomen

The southwest wall of the Lornex Pit at the Highland Valley Copper mine has been experiencing slope displacements since 1978. Measures to manage the displacements on previous pushbacks have included stepping out, scheduling pushbacks to unload the crest of unstable areas, slope dewatering and mining with intensive slope monitoring. The final pushback on this wall is currently being mined and substantial modifications to the slope geometry could prove to be uneconomical. As a result, a campaign of surface water collection and diversion, horizontal drainhole drilling and deep well drilling is currently underway to maintain an acceptable degree of stability to the end of mine life. The various factors contributing to instability, including engineering geologic controls, rock mass strength, and surface and groundwater hydrology are presented. Movement trends, displacement magnitudes and stability analyses results are also discussed.

Jan 1, 2003

The introduction and subsequent ascendancy of autogenous and semi-autogenous milling for comminution circuits has undoubtedly lead to many economic advantages. From a process viewpoint, however, at least one downside has been the sensitivity of these machines to process input variations. Foremost among these is ore competence, though feed size comes a close second. This sensitivity is due to the reliance of ag/sag mills on the feed ore for their grinding media competence and size. Autogenous (ag) mills are the most sensitive in this respect with semi-autogenous (sag) mills being increasingly less so as the ball charge is increased. Increasingly designers and operators are recognising the importance of feed size and the benefits of manipulating it to improve performance. This has been achieved by installing additional crushing/screening capacity ahead of the ag/sag, better operation of the primary crusher, better control of segregation cased by stockpiles and bins and by changing blast design/practices to modify the ROM size distribution. This paper describes the influence of feed size distribution on ag/sag mill performance with reference to a range of plant data. It particularly concentrates on how changing blasting practice to modify ag/sag feed size can have a considerable overall benefit.

Jan 1, 2003

By J. Bouchard, V. Aubé, A. Desbiens, R. del Villar

The metallurgical performance of column flotation is determined by the concentrate grade and recovery. Although the former can be continuously measured using an on-stream analyzer, the latter must be estimated by a material balance calculation based on seldom verified steady-state assumptions. Consequently, the automatic control and optimization of flotation columns should be performed using secondary variables having a strong influence on the metallurgical performance, such as froth depth, gas hold-up or bubble surface area flux and bias. The aim of this paper is to present a method to get froth depth and bias measurements using virtual sensors. Fractional factorial experiment design for the neural network calibration of the bias sensor, pilot plant results, and eventual industrial applications – including the possibility of achieving effective real-time optimization from bias and froth depth measurements – will also be discussed.

Jan 1, 2003

By Yasumasa Hattori

An extensive study including fluid dynamic calculations, cold model tests, pilot plant tests as well as measurements in a commercial flash furnace was carried out in order to develop a new Sumitomo flash smelting concentrate burner. The pressure measurements in the commercial burner indicated that the premixing of the concentrate and reaction air in a burner was insufficient. Pilot plant tests showed that enhancement of the premixing of the concentrate and reaction air is very effective for improving the burner performance. Using the additional pressure drop of the reaction air as an indicator of the premixing, a new type Sumitomo premixed concentrate burner was developed.

Jan 1, 2003

By Stephen Semeniuk

Discussion by Stephen Semeniuk Discussion As a valuator and SME member, I view Ross D. Lawrence's position as based on unproven and faulty assumptions made with regard to the pragmatic evidence presented in his paper. Moreover, his call for the inclusion of all mineral resources in discounted cash flow valuations is redundant, if not irrelevant, as there are procedures that already take all classes of mineralization into consideration for valuation purposes. In my experience as a valuator, I find that Canadian securities regulators are more than accommodating in allowing any valuations of mineral properties to be based on cash flow calculations. In other business areas, the same regulators usually reject discounted cash flow valuations of projects or businesses with no operating history. Instead, the regulators prefer valuations to be based on other transactions tested in the marketplace. Valuations based on actual market transactions are less subjective than discounted cash flow calculations and/or the capitalization of arbitrary, untested or undemonstrated earnings projections. In the mining and minerals sector, such projections may be made by persons not qualified to make such projections. In support of this statement, I direct readers to the article "Valuation of mineral properties which do not contain exploitable reserves" by Lionel C. Kilburn, which appeared in the August 1990 issue of the CIM Bulletin. To quote from the article: "Value of a mineral property depends basically upon metal prices, recoverable grades, mining and metallurgical practices, commodity supply and demand, and political-economic conditions, all of which vary with time. Five fields of expertise influence the value of a mineral property: •geological engineering, •commodity markets, •financial markets, •stock markets and •mineral property markets. The skills of geologists and engineers properly apply to the first field of expertise. Knowledge and consideration of the other four fields is important, but such advice is more properly sought from marketing experts, economists and stockbrokers." Securities regulators have created no hardship for valuators by excluding unsubstantiated resources in discounted cash flow valuations. In the field of engineering, best design practices apply. A margin of safety is built into the design criteria for any new equipment or structure that will exceed normally expected load levels and stresses, even though such considerations imply higher front end costs. In accounting, the comparable operating principle is conservatism. It explains why, for balancesheet presentation purposes, inventory is stated at cost or market, whichever is the lowest value. Similarly, when the engineering or geoscience-based valuator plays in the field of finance, the rules of accounting and applied economics apply. Regulators in their skepticism of income-based valuations are in tune with similar views already expressed in mining literature. To quote H. Van Tingley, in Mining Magazine, July 1996: "... the DCF method has inherent dangers when applied to undeveloped resources. Firstly, it presents an often-undeserved aura of accuracy. A DCF value is no more accurate than the least accurate of the assumptions incorporated into the calculation - and assumptions

Jan 1, 2003

By Chul H. Jo

The functions of miner mainly include the pick-up manganese nodules laying on the surface of the seafloor, the separation them from sediments, the crushing the nodules and the covey to the inlet of the flexible hose. The miner is connected with umbilical cable that can supply power, instrument signal, communication data, etc. The major concerns of the system is to monitor and control the launching and retrieval operation, the landing, maneuvering and track keeping, to monitor the pick-up operation and to monitor the hydraulic system. Also as per the seafloor profile the track and pick-up processes need to be controlled. The recent research and development of deep sea miner is mainly focused on the efficient performance and workability in deep water. To communicate and control the miner, navigation and positioning system have been applied. As the miner is being deployed or retrieved, it is very critical to avoid any damage to the device that would be caused by the dynamic behavior of surface vessel or the minor itself with wave and current motion. The fast deployment and retrieve should be considered very important to minimize the possible damage. The paper introduces the various type of deployment devices and recommend the possible system to the miner developed by KRISO.

Jan 1, 2003