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By Todd M. Ruff

Researchers at the National Institute for Occupational Safety and Health are investigating technologies that could be used to detect objects, small vehicles, and pedestrian workers that may be in the blind areas of haulage equipment used in mining and construction. A detection system that warns the equipment operator that there is an obstacle nearby could prevent collisions and save many lives each year. One popular technology for collision warning systems is radar. Several different types of radar have been tested in the laboratory and on mining equipment. Early in the study, questions arose concerning the best way to test radar systems. Many factors affect the performance of radar, including the size, shape, and composition of the object that is to be detected; the height of the radar antenna(s); and the relative motion of the radar system and/or object. This report discusses several different test procedures and test targets and recommends methods to determine how effective a radar system will be in detecting a person near heavy equipment.

Jan 1, 2002

By Leonhard Weixler

The Bauer company was founded in 1790 by coppersmith Sebastian Bauer in Schrobenhausen, a small town north-west of Munich. The original workshop business carried out works including repairs to church roofs and brew kettles. Later the company expanded its operations to encompass water pipe installation, which it continued through to the 1980s. In addition to installing water pipes it then also began drilling wells, which were sometimes constructed using very simple methods, such as tripod frames (Figure 1).

Jan 1, 2011

Recently discovered Carboniferous bentonites are variable in charadeI and thickness, but being altered aeolian, ash-fall tuffs, they are probably extensive. Most are the Ca-montmorillonite type without the natural swelling characteristics of the Wyoming deposits, but their situation, thickness, and response to beneficiation through cation exchange may give them some potential as sources of future economic deposits.INTRODUCTIONLoughnan and See (1959) gave an account of bentonites and fuller's earth deposits of New South Wales. The most likely potential industrial sources were those occurring in the uppermost formations of the Newcastle and Singleton Coal Measures (Permian) in the Hunter Valley and deposited during epochs not marked by strong contemporary vulcanicity.One feature of the record of known occurrences at that time was the absence of bentonites from the thick volcanic sequences of the Carboniferous, but since this paper appeared, many bentonite beds have been discovered by the writer in the Carboniferous facies formerly known as the "Kuttung Series".The purpose of this contribution is to report briefly on the occurrence, genesis, mineralogy, and economic potential of these deposits which augment possible sources of bentonite near major industrial centres on the eastern seaboard.The potential world demand for bentonite would increase markedly with the trend to pelletization in the steel industry, if its use in this field became more general. More detailed mineralogical studies will be presented in later publications.STRATIGRAPHIC DISTRIBUTIONBentonite occurs at irregular intervals throughout a thick sequence of dominantly continental, plant bearing strata...

Jan 1, 1965

During the drilling campaign conducted between October, 1942; and May, 1943, to prove the extent of the scheelite deposit worked by King Island Scheelite N.L. at Grassy, King Island, Tasmania, 35 holes were drilled and 606 samples recovered and assayed for their content. Of these, 238 came from outside the limits of the orebody and were for the most part barren, although a few contained some scheelite. The present statistical analysis is made only of the 368 samples taken from diamond-drill cores of the orebody itself.Drilling Pattern and Sampling MethodsFrom the purely statistical viewpoint, it is realised that methods employed in selecting sites for diamong.-drilling, and of collecting samples from drill cores, do not give a completely unbiassed set of data for analysis. Fig. 1 is a sketch plan showing the relativepositions of the drillholes, which were inclined at an angle of depression of 50 deg. The pattern does not conform to a properly randomized and' regularly-spaced grid, the positions of the later holes being determined by the results obtained from previous holes.Statistically, the bias is, therefore, favourable. The unequal spacing of the drill holes and the lack of uniformity in direction of the lines along which the holes were drilled are unsatisfactory from the mathematical viewpoint; but it is realised that these irregularitiesare difficult to avoid in determining by the most economical methods the extent of such an orebody, and are dictated by geological rather than mathematical necessity.Sampling, also, is lacking in complete uniformity. Each sample is approximately 10ft. in length. However, owing to the fact that 100% recovery of core is rarely achieved, and actual lengths of samples taken are ,primarily governed by the length of the drill runs,and secondarily by lithological changes, there is a considerable amount of variation in the sample length.AssayingWith the exception of 28 samples from three drill holes all samples dealt with in this paper were assayed in the Melbourne University Ore-Dressing Laboratory of the Commonwealth Scientific and Industrial Research Organisation. These assays were given to the nearest 0.05% WOg as it was considered that more accurate determination was not possible. This fact has been taken into consideration in the frequency analysis below. The 28 assays determined by the Tasmanian Mines Department were given to the nearest 0.01%.

Jan 1, 1950

By A. Taylor, J. Shelegey, H. Sullivan, J. Doucet

"Historically, performance at Vale’s Clarabelle Mill was measured by Mill throughput and Mill recovery. After the economic collapse in 2008, a series of reviews were performed to drive improvements in business efficiency. These identified that product quality (e.g., concentrate grade, variability in concentrate grade) had a profound impact on downstream processes and suggested that improved control of these parameters would generate the greatest value for the customer (the Copper Cliff Smelter) and the company (Vale). Consequently, a movement was initiated to transform the Mill operating philosophy to consider customer needs as paramount. Systems and strategies used to drive the transformation are described. In 2011, an unexpected furnace failure resulted in decreased capacity at the Copper Cliff Smelter. In response, a two-stage change in production strategy was developed at Clarabelle. The first stage was to modify the ore blend feeding Clarabelle so that the concentrate grade could be significantly increased with minimal impact on recovery. The second stage was a circuit modification to ensure the elevated concentrate grade could be sustained. Execution of the first stage was complete five days after the failure and the second stage was complete within 10 weeks. Steps involved in each stage are outlined and the overall benefits are presented.INTRODUCTION Clarabelle Mill is located in Copper Cliff, Ontario, Canada (approximately 350 km north of Toronto). The Mill treats copper (Cu) and nickel (Ni) sulphide ores. The primary diluents are pyrrhotite (Po) and non sulphide gangue rock (Rk). The process description of the circuits at Clarabelle is documented in the paper by Taylor, Doucet, Blanchette, Barrette & Lawson (2012) in this Proceedings and will not be repeated. The Mill treats ore containing Cu, Ni and platinum group elements (PGE’s) and produces two concentrates; a Cu concentrate and a bulk Cu/ Ni Concentrate (referred to as nickel concentrate). The Cu concentrate is sold to market while the Ni concentrate is thickened at the Mill and pumped to Vale’s smelter complex in Copper Cliff Ontario for further processing. Since commissioning in 1971, Clarabelle Mill has undergone many circuit changes to suit the changing needs and wants of our customers, both internal and external. The Mill processes ores of varying quality, based on mineralogy and size and until 2009 the Mill daily performance was primarily based on throughput. The second key performance indicator (KPI) of “good” or “bad” performance was quality of the concentrate and third; Mill metal recoveries. There were other plant level KPIs such as flotation feed grind size, slurry densities and mass flows to the separation circuit, but for the most part each day was good or bad depending on how many tons were processed through the Mill."

Jan 1, 2012

By K. Burke, G. Zhan, A. Mayer

A cover with capillary barrier effects (CCBE) is being constructed on the AA Leach Pad at the Barrick Goldstrike Mine site near Carlin, Nevada. The purpose of the cover is to eliminate/minimize infiltration of meteoric waters into the leach pad. Laboratory and numerical analyses indicate that Carlin Formation siltstone (TCS), a locally available material, has the necessary hydrologic characteristics when placed on the leach pad to act as a CCBE. A pilot study has been conducted on a small-scale test cover placed on the AA Leach Pad to examine the cover performance under irrigated conditions. The preliminary test results demonstrate that the designed cover is capable of preventing meteoric water infiltration.

Jan 1, 2001

The selection of the best comminution circuit for the preparation of concentration feed is a compromise based on economics, energy efficiency, labour costs, steel consumption, availability and other factors specific to each case. It is postulated that the selection must be a choice of one of the eight basic comminution circuits which can be divided into two basic groups, (1) autogenous or semi-autogenous primary mills with or without a secondary grinding stage and (2) fine crushing usually in cone crushers followed by a rod mill-ball mill circuit or a single stage ball mill circuit. The accuracy of selection may be improved by pilot plant and laboratory tests which are described in this paper. For (1) above, testing includes media competency tests with standard impact crushing, grindability and abrasion tests followed by pilot plant tests. For (2) above, bench scale crushability, grindability and abrasion testing is available. It is suggested that, through these tests, it should be possible to eliminate all but one in each group of basic comminution circuits. Then engineering and economic studies should lead to the best comminution circuit for the specific requirement.

Jan 1, 1984

Many USBM research and information products are available through the systems or formats listed below: Mines FaxBack: Return fax service. 1. Use the touch-tone handset attached to your fax machine's telephone jack. (ISDN [digital] telephones cannot be used with fax machines.) 2. Dial 202/219-3644 3. Listen to the menu options and punch in the number of your selection, using the touch-tone telephone 4. After completing your selection, press the start button on your fax machine. Mines Data: Computer bulletin board. Log on via modem through 202/501-0373, or call 202/501-0406 for technical assistance. CD-ROM: This USBM disk is updated quarterly and sold by GPO's Superintendent of Documents. For information on the latest product, please contact Rodger Wedgeworth, 202/501-9557. Internet/World Wide Web: Text and graphics. Access via PC-based browsing software such as Netscape or Mosaic. Universal Resource Locator (URL) is: http:/www.usbm.gav Internet/Gopher Server: Text and tables only. Using Gopher client software, access via port 70 as follows: gopher.usbm.gav Internet System Administrator: webmaster®usbm.gov (or contact your local System Administrator).

Jan 1, 1995

By Lok M. Sharma

"Construction of a new bridge in a seismically sensitive area requires careful assessment of earthquake impact on the serviceability of the facility. Not only is the superstructure vulnerable, the foundations play a key role in the bridge’s survivability. A new bridge in eastern part of the state of Missouri in the U.S.A. is located in a seismically active area and hence subject to additional thrust on the foundations and superstructure and potential damage due to liquefaction. An eleven span bridge with foundation soils varying from shallow bedrock to over 30 m (100 feet) overburden soils were considered for the bridge support piers. Two of the bridge support bents located within the flood plain area through over 30m (100 feet) of alluvial deposits were considered most affected by an earthquake event due to the additional thrust and lateral ground spreading. This paper describes the determination of site specific seismic hazard, numerical modelling of the foundation system, and methodology of dynamic analyses, effects of lateral spreading and liquefaction potential on bridge support bents. From numerical modelling using FLAC, the increase in thrust on piers and deformations were computed to predict the behavior of the foundations.INTRODUCTIONA newly constructed bridge on route US 40 crosses the Missouri River west of St. Louis, Missouri and upstream of Mississippi River in mid-west USA. The west abutment area has near surface bedrock while the east abutment area has overburden deposits over 30m (100 feet) thick, mostly river sediments comprising of silts, lean clays and sands overlying bedrock. Softer layers of silts and sands in the east river bank area are assessed to be liquefiable during a high magnitude earthquake event. St Louis area has a potential for a high magnitude earthquake due to the New Madrid Fault some 160km (100 miles) south. The bridge foundations were designed as drilled piers, 2 m (8 feet) in diameter and socketed into the bedrock. Bents No. 10 and 11, located in the lower flood plain area of the river, are considered to be most affected by a seismic event.In order to perform dynamic analyses of the foundations, earthquake ground motion time history was developed for the specific site using a Probabilistic Seismic Hazard Analysis (PSHA) and selecting and scaling of a recorded time history. Relying on the U.S. Geological Survey (USGS) Earthquake Hazard Program for the PSHA and AASHTO Guide Specifications for LRFD Seismic Bridge Design, spectral acceleration values for the site were developed. The spectral acceleration values were for a 7 percent probability of exceedance in 75 years (1000 year return). Numerical modelling using FLAC computer program was performed. This paper presents the seismic design parameters, methodology used in the dynamic analyses, static and dynamic analyses, impact and mitigation of liquefaction on Bents 10 and 11 and the abutment fills, and effect of lateral spreading on the foundations in the lower flood plain area of the bridge. From the numerical modelling, increase in thrusts on pier foundations and estimated deformation were computed."

Jan 1, 2017

By Bijan Taheri, Behrouz Maghsodi, Monireh Heshami, Reza Kohan

A common problem recently encountered with the increase in the rate of input feed at Enrichment Plant 2 of the Sarcheshmeh Copper Complex is the loss of value to the tails, translating to lower recoveries. The feasibility of the direct transfer of part of the high-grade concentrate from rougher stages to an appropriate position along the circuit was studied, and two positions were proposed for direct transfer of the concentrate. One position was the feed flow into cleaner cells, and the other was the feed flow into the recleaner cell. The results indicated that transferring the concentrate from the first unit of the rougher stage to the feed flow into the cleaner cells was feasible, with no limitations, while the second position required the installation of a set of hydrocyclones. It was found that the transfer of concentrate to the proposed positions not only addressed the problem of limited cell capacity, resulting in debottlenecking of the circuit, but also improved metallurgical separation efficiency up to 1.4%.

By Kwong. Kyei-Sing

Gasification is a process that converts a carbon feedstock into synthesis gas (CO+H2). Slagging gasifiers operate at high temperature and pressure and in a corrosive-wear environment from the slag. Cr2O3-based refractory linings are used to protect the steel vessel that comprises the gasifier from the aggressive gasification environment. Increasing service life of the gasifier is one of the keys for wide spread development of this technology. In support of the goals, research on the gasifier atmosphere, the slag chemistry, the interaction of Cr2O3 refractory with different feedstock mixtures (e.g., coal and petcoke) were characterized by post mortem analysis of bricks from service in gasifiers and thermodynamics simulation of the environment. Examples demonstrating how thermodynamic calculations can explain the post mortem results and make predictions of material interactions will be given. Attention is placed on the possibility of Cr+6 in different feedstock mixtures and operating conditions.

Jan 1, 2010

By Junfeng Shen

Geosynthetic clay liner (GCL) is a kind of waterproofing material used widely in engineering. The waterproof mechanism is understood in terms of bentonite particles becoming a water-obstructcolloid layer after they absorb water and swell. The swell stress, however, has not been determined directly till now. In our experiment, the swell stresses of the GCL under saturated and water absorbing conditions are measured directly using a custom-made instrument. The results show that (1) the instrument designed by the authors performed satisfactorily and the test results are reproducible; and, (2) The trend line of swell stress variation with time can be divided into three segments. The first segment is characterized by a quick increase of the swell force in the first 0?50 hours. The swell stress increases by 7.00×10-4?1.00×10-3 Mpa / hour. The second segment shows a slow increase of the swell stress during the 50?1730 hours. The swell force increases by 7.54×10-6?2.02×10-5Mpa / hour. The third segment is characterized by little variation in the swell stress after 1730 hours. In this segment, the average value of the swell stress measurements is 0.0719Mpa and the maximum value is 0.0729Mpa. It is suggested that the swell stress is mainly raised by water entering the pores among montmorillonite particles and the interstitial layers in individual montmorillonite crystals, leading to an increase in volume and manifested as a stress on the surrounding materials.

Jan 1, 2006

By X. S. Tan

This paper deals with the analysis of stress condition on the interface between two types of floor rock materials when the vertical stress is larger, or when the horizontal stress is larger in a rectangular opening. It indicates that the floor Failure and the failure stress of floor rocks are closely related. It also demonstrates that a larger horizontal stress is one of the most important factors in increasing the potential for floor rock failure and floor heave.

Jan 1, 1990

By E. J. M. Jahnsen, I. Jauhari, T. Badrujaman, F. A. Stober, B. O. Wasmund, L. R. Nelson, T. Miraza, J. M. A. Geldenhuis, A. Taofik Hidyat

The role of dedicated operational support in the ramp-up and stabilisation of the FeNi-II furnace for ferro-nickel production at PT Antam?s smelter located in Pomalaa, Indonesia is described. The furnace was uprated to 32MW capability in a rebuild performed in 2005. This primarily involved installing a larger transformer, coupled with adoption of HATCH water-cooled copper plate, waffle and flanker coolers with integrated metal and slag tapblocks, HATCH air-cooled copper fin lower sidewall cooling and HATCH vertical sidewall binding system ? ?holddowns?. Following a smooth commissioning period, the progress in attaining the preliminary ramp-up target load of 24MW is described. This initial target was set by Antam, subject to some prevailing smelter equipment constraints, particularly kiln capacity. Stabilisation of the furnace operation is discussed, together with some of the specific commissioning and operational challenges surmounted by the joint Antam-HATCH team. These included: ?Mastering furnace integrity monitoring and operation with copper coolers, especially metal tapblock planned maintenance and repair strategies; ?Transition from traditional ?immersed electrode? to ?brush-arc? mode of operation approaching as closely as possible to the productive ?shielded-arc? mode of operation within existing equipment constraints; ?Reductant selection and control issues; ?Utilising the sophisticated furnace monitoring to provide detailed indication and warning of potentially destructive furnace upset conditions such as Si reversion and CO boils.

Jan 1, 2007

By K. G. Thorne, M. J. McLeod, D. Hoy

"Throughout the Paleozoic, a variety of gold depositional environments were created in the New Brunswick segment of the northern Appalachians because of the complexity of arc and continental plate collisions and subsequent erosion of the orogen. In southwestern New Brunswick, recent exploration and research has focused on deposits and occurrences that can be broadly classified as intrusion-related, generated by late- to post-orogenic felsic to intermediate plutonic rocks emplaced during the Early to Middle Devonian. This work has led to the establishment of models for gold mineralization and guidelines for exploration in this area, which might also be applicable elsewhere in the southern part of the province and, perhaps, throughout the northern Appalachians. The deposits in the vicinity of Clarence Stream in southwestern New Brunswick exemplify this deposit type, and highlight the emergence of a possible major gold district in the region. Durant le Paléozoïque, une grande variété d’environnements aurifères ont été créés dans le segment néo-brunswickois des Appalaches du nord en raison de la complexité des collisions entre arcs et plaques continentales ainsi que durant l’érosion subséquente de l’orogène. Dans le sud-ouest du Nouveau Brunswick, les travaux d’exploration et de recherche récents se sont tournés vers les gisements et les indices appartenant à la classe des gîtes associés aux intrusions, générés par des roches plutoniques felsiques à intermédiaires tardi- à post-orogéniques mises en place au Dévonien précoce à moyen. Ces travaux ont permis d’établir des modèles de mise en place pour la minéralisation aurifère ainsi que des guides d’exploration pour ce secteur, lesquels pourraient aussi être appliqués ailleurs dans le sud de la province et, possiblement, dans l’ensemble des Appalaches du nord. Les gîtes aux environs de Clarence Stream dans le sud-ouest du Nouveau Brunswick sont un exemple de ce type de gisement, mettant en valeur ce qui pourrait devenir un district aurifère majeur dans la région."

Jan 1, 2008

By Albert Sauveur

It is delightful to read a technical paper like that of J. E. Johnson, The Effect of High Carbon on the Quality of Charcoal-Iron, presented in October, 1912, at the Cleveland meeting of the American Institute of Mining Engineers.' The clear, simple, and straightforward manner in which he describes his experiments and results makes you feel as if you had been, so to speak, at his elbow during the course of his investigations, while his method of procedure is so rational that you can fairly anticipate each step in the logical sequence of the tests performed. The following notes suggested by Mr. Johnson's paper are presented here in the hope that they may help, if only a mite, towards the final solution of a problem of considerable scientific and industrial importance. Physical Properties of Cast-Iron us. Its Ultimate Composition. Mr. Johnson writes that " an investigation along the lines of consumption showed that different irons have different characters totally independent of their analyses," and he declares that " the presence or absence of these elements [meaning carbon, phosphorus, silicon, and manganese] alone will not account for all, scarcely for a half, of the facts which have long been known." He further tells us that some foundries have " proved, by the most irrefutable tests, that they could take a certain iron of a given analysis and produce certain results," while with " another iron of the same analysis they could not produce these results at all." I feel confident that every experienced and thinking metallurgist will readily believe Mr. Johnson's statements and will share his views in regard to the hopelessness of inferring the

Jan 1, 1914

By Paul Hosford, Tim Haldane

"The paper describes the fast-track development of the project from feasibility study through to detailed design and construction, highlighting the process adaptations for handling sticky ore and water management in a tropical environment, and subsequent commissioning and operating experience of the mine. The paper discusses the geological setting, the environmental and socioeconomic considerations in developing and operating a mining operation in an underdeveloped country and the logistical challenges involved in bringing a large capital investment into Central America.INTRODUCTIONGlamis Gold Ltd. acquired the San Martin project in Honduras as a result of its merger with Mar-West Resources in late 1998. Despite the prevailing low gold price environment at the time of acquisition, Glamis anticipated rapid development of the San Martin project due to the quality of the deposit and other positive factors.Following favorable exploration and permitting activities in the first half of 1999, Glamis prepared a Feasibility study. In October 1999, Glamis decided to proceed with the development of the project and selected Hatch to provide the engineering, procurement and construction management services for the project. The San Martin project was in full-scale commercial operation approximately 14 months after the receipt of Board approval, and by July 2001 the San Martin project was operating at approximately 150% of its feasibility design capacity."

Jan 1, 2002

By C Hall, J L. Mauk

New 40Ar/39Ar dates of vein and wall rock adularia from seven epithermal deposits and one porphyry copper prospect help constrain the ages of mineralisation in the Hauraki Goldfield. Vein adularia from the Paritu region yielded a single 40Ar/39Ar plateau date of 16.315 ¦ 0.066 Ma. Five 40Ar/39Ar plateau dates of three samples of vein adularia from the Opitonui deposit overlap within error to yield a preferred age of 13.149 ¦ 0.016 Ma. Two samples of vein adularia from the Night Reef at the Broken Hills deposit yield exceptionally flat 40Ar/39Ar plateaus, and all dates overlap within error to provide an age of 7.121 ¦ 0.010 Ma. Two 40Ar/39Ar plateau dates of one sample of vein adularia from the Wharekirauponga deposit overlap within error to provide an age of 6.318 ¦ 0.061 Ma. Four 40Ar/39Ar plateau dates of three samples of vein adularia from the Maratoto deposit overlap within error to provide an age of 6.411 ¦ 0.022 Ma. Two samples of adularia from altered wall rock at the Sovereign deposit yield three 40Ar/39Ar plateau dates that range from 6.547 ¦ 0.021 to 6.806 ¦ 0.028 Ma. This suggests that mineralisation formed around 6.6 Ma, but the results are complicated because the adularia contains minor illite that post-dates adularia formation. Results from the Karangahake deposit are complex. Two samples of vein adularia yield three 40Ar/39Ar plateau dates that range from 6.116 ¦ 0.116 to 6.901 ¦ 0.101 Ma, whereas one sample of wall rock adularia that contains minor late illite yields two 40Ar/39Ar plateau dates that overlap within error to provide a date of 5.734 ¦ 0.041. The range of dates indicates that more work is necessary to understand the history of mineralisation at this deposit. Two samples of vein adularia from the Tui deposit yield four 40Ar/39Ar plateau dates that overlap within error to provide an age of 5.714 ¦ 0.017 Ma. These results confirm previous work that indicates that the ages of epithermal deposits young southward in the Hauraki Goldfield. These results are also consistent with previously postulated different ages for deposits hosted in Kuaotunu Subgroup rocks in the northern goldfield (>10 Ma), and deposits hosted in Waiwawa Subgroup rocks in the southern goldfield (7.1 to 5.7 Ma).

Jan 1, 2005

Coal has been mined in the central Appalachian coalfields of southern West Virginia, western Virginia, and eastern Kentucky for more than a century. The dwindling reserve base consists in large part of coal that would have been considered unmineable by earlier generations. Nearly every current operation is working on a property where coal has been extracted in the past, from seams either above, below, or both. NIOSH is conducting research aimed at helping mine planners prevent hazardous conditions due to multiple seam interactions. To-date, more than 300 case histories have been collected from underground mines, mainly from central Appalachia. This paper focuses on several of the more challenging situations that have been encountered, including: • Room-and-pillar development 20 ft (6 m) beneath full extraction workings at a depth of 1,000 ft (300m) of cover (Virginia) • Pillar recovery 45 ft above full extraction workings at 900 ft (270 m) of cover (Virginia) • Near-simultaneous room-and-pillar mining with pillar recovery with 40 ft (12 m) of interburden and 1,500-2,000 ft (450-600 m) of cover (Kentucky) • Longwall mining directly beneath main entries in overlying seams (West Virginia) • Some of these operations have been highly successful in overcoming the challenges, others less so. The lessons learned from their experience will help ensure that these and similar difficult reserves can be mined safely.

By M Armstrong, S J. Coward, A Galli

Mine management is often expected to make rapid evaluation decisions at different stages of projects based on limited and uncertain data. The challenge is exacerbated by having to distil technical complexity into a financial model that is usually designed to produce only one or two key indicators, eg net present value (NPV), internal rate of return (IRR). Mining is a complex environment with many sources of uncertainty ranging from sampling to economics. In order to optimise investment decision-making, an appropriately structured evaluation framework must be utilised. An evaluation framework should be designed to encapsulate and integrate the complexity across the evaluation cycle, ie sampling, resource estimation, mine planning and treatment, and financial and economic modelling. This complexity is diverse and ranges from sampling support, scale effects to understanding the impact of variability, uncertainty and flexibility on operational efficiency and economic viability. These complexities, combined with time and capital constraints, usually do not allow all facets of evaluation to be integrated into the model. The model must strike a balance between simplified estimation techniques and sufficient incorporation of aspects of the project that will make a material difference to the investment decision. This paper demonstrates the impact of the scale of measurement on the valuation of a mineral project. Comparisons are made between global estimation averages using a top-down approach and local estimates using a bottom-up approach. Three sampling campaigns were conducted on a virtual orebody to compare the relative NPV accuracies. Stochastic forward models were run on foreign exchange rates and are compared with the results from a fixed foreign exchange rate model.

Jan 1, 2006