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By G. Eaton

Safety management is an important mortal and business function in construction. Contractors have traditionally tracked and reported lagging indicators, e.g. fatalities and lost-time accident rates, to measure their safety performance and stay in compliance with relevant regulations. Over the last several decades, contractors became more proactive in their approach to safety and developed programs that track leading indicators, e.g. safety audits and safety climate. In particular, safety climate measures workers? perception of safety management and its effectiveness in the workplace. Past literatures indicated that, while some industrial construction contractors ignore safety climate measures, others are limited by a lack of a formal means to measure safety climate. In this study, a survey approach is used to measure an industrial construction contractor?s safety climate through three key areas: management commitment, job control, and general safety climate. As a pilot study, a total of 214 individuals at a fabrication facility participated in the survey to verify the validity and effectiveness of the proposed survey approach. This survey study also confirms that job control and management commitment have a positive correlation and that worker demographics have an effect on respondents? perceptions of management commitment.

Aug 1, 2013

By S. C. Robinson

"IntroductionALTHOUGH most uranium deposits of the Canadian Shield lie along its western and southern margins, those of the Lake Athabasca region extend easterly along the north shore of the lake and beyond to Charlebois lake. The western end of this belt of deposits, in the vicinity of Goldfields, is 80 miles from the Palaeozoic contact, and its eastern end, at Charlebois lake, is 240 miles from the nearest Palaeozoic rocks.Deposits in this belt may be grouped in four districts, which are, from west to east:(1) The Goldfields district, an area approximately 20 miles square, centred on Beaverlodge lake and extending eastward from St. Joseph's point to Moose channel.(2) A small area in the vicinity of Sucker bay, which is about l0 miles east of Fond du Lac.(3) An area including Middle lake to the northwest shore of Black lake at the Nisto mine.(4) A fairly large area extending northward from the eastern end of Black lake, through Charlebois lake to Spreckley lake.HistoryThe region has stimulated interest in mining circles since the reconnaissance survey of J. B. Tyrrell of the Geological Survey of Canada in l893, who reported concentrations of iron along the north shore of lake Athabasca. The deposits were staked and re-staked up to the early 'twenties' but are too lean to form ore."

Jan 1, 1952

By J-F. Béland, N. Parson

Aluminum extrusions are widely used for automotive crash management systems due to their superior specific energy absorption capabilities, as compared to steel. The Al-Mg-Si alloy series can be readily extruded into complex multi-hollow profiles, as required in crash systems, and can be used to target a range of desired strength levels. This paper focuses on the development of an axial crush test protocol and evaluation of the crush performance of common 6XXX series alloys for a variety of tempers. The observed crush behaviour is then compared to tensile test results.

Jan 1, 2015

By Joseph J. Larry

In hard siliceous sandstone strata overlying coal seams, roof bolting is often the bottleneck in the coal production cycle. In the past, these strata have been drilled by pneumatically operated stopers. Although slow drilling is cumbersome and uncomfortably noisy, the stoper was the most effective drill in these harder strata. However, because of the (U.S.) Coal Mining Safety Act, which limits noise levels for operating drills, FMC Mining Equipment developed the water-through-the-drill-steel method of drilling high-compressive-strength strata. Although water-through-the-drill steel had been developed earlier, the real impact of wet drilling techniques surfaced when the dual-boom roof drilling machines were installed at the Virginia-Pocahontas Division, Keen Mountain, Virginia, in 1974. This paper covers some of the technical details of the water-through- the-drill-steel design and its application.

Jan 1, 1979

By R. E. Bou Serhal

Many miners are exposed to dangerously high levels of noise on a daily basis. Over the past 15 years, a continually increasing number of occupational hearing loss has been reported from the mining community in the United States, of which, more than 95% is attributed to prolonged noise exposure. Although the noise exposure levels may differ between coal miners and metal and non-metal miners, in the absence of noise control at the source, the solution is the same: use of personal hearing protection devices (HPD). While protecting the miners? hearing it is also essential to no longer hinder their ability to communicate. With access to an advanced HPD that is customized to the miners? ears we are able to combine these two requirements. Using an intra-aural instantly custom molded HPD miners are protected from high levels of noise. The HPD is equipped with wireless capabilities, and contains both a speaker and an In-Ear Microphone (IEM). Therefore, the miners? speech may be captured from inside the ear and transmitted to the remote listener. This IEM signal is relatively noise-free since it is isolated from the background noise. The IEM speech signal, however, is ?boomy? and is missing some high frequency content, making fricative consonants hard to understand. Nonetheless, the IEM speech signal is correlated with the natural speech signal and may be manipulated through statistical techniques to more closely resemble natural speech. By improving the intelligibility and quality of the IEM signal, numerous applications may be enabled. One use of the enhanced IEM signal will be for radio communication. Using wireless radio communication in a noisy mining environment is sometimes the only practical and affordable solution to allow communication between miners equipped with personal hearing protection devices. Traditionally, one of the weaknesses of such wireless radio communication lies in the lack of designating receivers: whether they are the intended receiver or not, all those carrying a radio receiver are subjected to the broadcasted signal. The current work will detail a new concept of a "radio-acoustical virtual environment" where the radio signal will only be received by miners within a given spatial range, such range depending on the user?s vocal effort as well as the ambient and perceived background noise levels.

Aug 1, 2013

By Z. Ren, M. Tomlinson, E. Asselin

"Organic carbon blinding is a common, yet often partial, solution to the reduction of preg-robbing. A quantitative method to assess the extent of adsorption of a given blinding agent is presented herein. The adsorption of several blinding reagents on various carbon samples is quantified using electrochemical impedance spectroscopy (EIS). EIS results showed that kerosene is more strongly adsorbed on carbon than sodium lauryl sulphate (SLS), while SLS can hinder the charge transfer process of the oxygen reduction reaction on the carbon surface more effectively. The effectiveness of SLS is pronounced when its concentration is higher than 100 ppm. Raman spectra are presented for selected carbon samples: as the area ratio of the disordered peak to the graphitic peak increases, blinding agent adsorption increases.INTRODUCTION The presence of naturally occurring constituents in gold ores may adversely affect the extraction of gold in cyanide leaching since the gold cyanide complex, Au(CN)2–, can be adsorbed by these constituents (M. Adams & Fleming, 1989; Afenya, 1991; Miller, Wan, & Díaz, 2005). Such ores are known as “preg-robbing”. Preg-robbing behavior may arise from natural carbonaceous materials in the ore (M. Adams & Burger, 1998). In the past decades, a number of pre-treating methods have been developed for refractory carbonaceous ores (Arriagada & Osseo-Asare, 1984; Beer, 1994; Dunne et al., 2007; Jiang, Liu, Xiao, & Yang, 2012; Kohr, 1997; Kulpa & Brierley, 1993; Menne, 1992; Menne & Revy, 1994; Moyes & Houllis, 2010; Petrie, Craw, & Ryan, 2005; Simmons, 1996). The method known as blinding is one of the most effective and economical pre-treatment methods (M. D. Adams & Burger, 1998; Albert, 1923; Darrow, 1924; McQuiston & Shoemaker, 1975; Van den Berg, 2000). Blinding, also referred to as blanking or passivation, uses a chemical reagent to passivate the preg-robbing carbon by selective absorption or wetting (Bas, Altinkaya, Yazici, & Deveci, 2012; Brierley & Kulpa Jr, 1993; Dunne et al., 2012; Van den Berg, 2000; Yang, Qian, Song, & Dong, 2013; Yen, Amankwah, & Choi, 2008; Zhou, Jiang, & Choi, 2014). Organic reagents, which selectively adsorb on the surfaces of activated carbon and “smother” the surface, have been used for blinding carbonaceous matter in gold ores prior to cyanidation. Two comprehensive studies by Abotsi and Osseo-Asare and Adams and Burger have been published on this topic (Abotsi & Osseo-Asare, 1986; M. D. Adams & Burger, 1998)."

Jan 1, 2017

By R. D. Prettie

Wood preservation may be defined as the art of protecting wood from decay. In its broadest sense, however, it includes a much wider field. It might be more properly de-fined as the art of protecting wood from destructive agents, such as decay, insects, marine borers, mechanical wear, etc. The earliest data on record for the preservation of organic bodies is found in Egyptian manuscripts. The bodies which we call mummies were impregnated with antiseptics, of which the principal were natrum (sodium sesqui-carbonate), sodium chloride, and sodium sulphate. After being steeped in the solution, they were subjected to either a boiling or baking process in a bituminous preparation. The first attempts in Europe to preserve timber were made by the Greeks and Romans. They extracted essential oils from the juniper and cypress trees, and either rubbed these oils into the wood they wished to preserve, or bored thousands of small holes in the wood and poured the preservative oil into the holes. The famous statues of Jupiter and Diana were carved out of wood. The ceremony of pouring in the preservative oil by the High Priests was a religious pageant of great importance, of which there are many records.

Jan 1, 1926

By N. Sauret-Szczepanski, G. Patry, S. Gauthier, G. Potvin, C. Munger

Adsorption/thermal desorption with sorbent cartridges and analytical method using gas chromatography coupled to mass spectrometry (GC/MS) was developed for the determination of tetrafluoromethane (CF4) and hexafluoroethane (C2F6) emitted from primary aluminum smelters. A customized cartridge was built like a packed column with a stainless steel tube filled with a specific resin. The optimization of adsorption and desorption parameters was carried out to support the PFC sampling for all aluminum production technologies. The proposed method showed good linearity for concentrations ranging from 10 to 500 ppbv for CF4 and from 5 to 500 ppbv for C2F6 with correlation coefficients above 0.999. In certain conditions, the detection limits of the analytical method reached 0.3 ppbv for CF4 and 0.15 ppbv for C2F6- Using this methodology, a field campaign was carried out using a sequential sampler allowing the simultaneous sampling of PFC with cartridges and sampling bags. The results showed no significant difference (t-test) between the two sampling technologies and no breakthrough was observed from the cartridges .

Jan 1, 2006

By Cris Sideco

This paper describes the concentration processes of the Sullivan. Concentrator, including crushing , transportation, sink-float, grinding , flotation and dewatering. Handling of hot muck has had a deleterious effect on most of the processes, resulting in significant operating problems and poorer metallurgy. These problems are described -in detail. THE SULLIVAN CONCENTRATOR is situated in Kimberley, high up in the Purcell Range of the Selkirk Mountains, at an elevation of 3,600 feet, approximately 4 miles from the Sullivan Mine (see Fig. 1). The original plant went on stream on August 23, 1923 at a designed capacity of 2,500 tons per day. This has been increased in stages to its present rated capacity of 11,000 tons per day. The latest stage was in 1949, when several major projects, including the underground crushing plant, the sink-float plant and the installation of a rod mill, were completed. Some 112,800,000 tons of ore have been treated in this concentrator to November 1975. The plant started on a 48-hour/ week schedule, but was reduced to 44 hours/week in October 1946 and down to 40 hours/week by the end of 1949. Except for a 6-month period in 1952 when the mill operated continuously, the 40-hour/week, Monday to Friday schedule was in effect.

Jan 1, 1977

By A. Grimod

The European Guideline ETAG 027 - 2008 (?Guideline for European Technical Approval of Falling Rock Protection Kits?) defines the procedures to test rock fall barriers. Nowadays, this guideline is essentially the only test and construction framework utilized by manufacturers and it is also starting to enter in the mentality of designer who can clearly specify the performances of rockfall barriers. ETAG 27 (and the related European Technical Approval and the CE marking) represents a milestone for the rockfall barrier market, because it gives the possibility to compare the performances of different fences and it ensures the quality of the certified product. For these reasons ETAG 27 presently constitutes the base for tenders all around the world. Although rockfall barriers are in common use, designers and consultants do not have a clear overview of the real performances and the technological limits of these structures. The first problem can be solved using ETAG 27 criteria, which allow designing rockfall barriers at ultimate and serviceability limit state. Even though ETAG 27 uses crash tests performed with the Service Energy Level (SEL) and Maximum Energy Level (MEL), design with these concepts is not obvious or in common acceptance. Some preliminary questions must be solved. When can these energy levels be correctly applied? In the case of rockfall simulations, what probabilistic approach must be used for the evaluation of the barrier? Unfortunately ETAG 27 does not give any information or tests relating to the technological limits of the fences. Therefore some important questions arise. How do the site specific aspects of installation affect the barrier performance? What is the behaviour of the barriers under extreme conditions? And finally, the main question lies in the background: what is the functional reliability of ETAG 27? All of the above questions require comprehensive answers, which is consistent with the experience of designers, installers and producers. Officine Maccaferri S.p.A., with its 130 year experience in the field of rockfall protection, collected a large number of case histories with barriers impacted by single or multiple blocks, debris flows, and snow avalanches. Throughout these case histories and in accordance with a recent Italian standard code, it has been possible to implement a reasonable design approach that considers the efficiency of the barrier, the uncertainties of the input data, and the fore

Aug 1, 2013

By J. Tuominen

Outokumpu Direct-to-Blister Flash Smelting is currently in operation in two smelters, a third one is under construction and a fourth one is in the design phase. The two smelters in operation are the Glogow 2 smelter of KGHM Polska Miedz S.A. in Poland and the Olympic Dam smelter of BHP Billiton in Australia. The Outokumpu Direct-to-Blister smelter of Konkola Copper Mines Plc. in Zambia is under construction and the new smelter of Glogow 1 is under design and waiting for final go-ahead decision. Additionally, the Garfield smelter of Kennecott Utah Copper Corp. makes blister copper out of matte in a Flash Converting furnace. A similar operation is under construction for Y anggu Xiangguang Copper Co. in China. The slag cleaning process, which is needed to clean the slag of the Direct-to-Blister Flash Smelting Furnace, has different requirements depending on the feed to the flash furnace. These differences are discussed in the paper. The differences between the processes and slag produced are discussed as well as the metallurgical requirements for slag cleaning. The Direct-to-Blister process, where the blister copper is produced directly from concentrate in one step, requires at least a partial treatment of the slag in an electric slag cleaning furnace. The existing impurities determine the specific requirements of the actual cleaning process. The different processes are discussed in the paper. The newest developments of Outokumpu Technology Oy for electric slag cleaning furnace design are presented as well as the characteristics which the furnace shape gives to the process.

Jan 1, 2007

By F. Bosché

Previous research has shown that ?Scan-vs-BIM? systems are powerful to provide valuable information for tracking structural works (progress, quality, safety). However, the transferability of this capability to other construction areas such as MEP works has not been assessed so far. Comparatively, the construction of MEP systems, in particular pipes and ducts, tends to be more flexible with respect to the positioning of individual components, so that Scan-vs-BIM systems could be defeated when tracking MEP installation works. This paper presents recent results on the feasibility and performance of using a Scan-vs- BIM system to track MEP works. The approach followed is presented and then tested with two real-life challenging case studies were conducted simultaneously but totally independently in Canada and Italy. The results show that, as expected, pipes and ducts tend to be more loosely positioned than structural elements leading to a poorer performance of the Scan-vs-BIM system. Nonetheless, it appears that the system works well to assess the level of conformance of site installation works, providing valuable information for estimating emerging performance metrics like ?percent built as-designed?. In addition, the proposed system could also be useful to accelerate and thus reduce the cost of delivering as-built BIM models for in the case of new builds.

Aug 1, 2013

By W. Jomaa, V. Songmene, O. Mechri, Laval Université, P. Bocher, J. Levesque

"A 2D finite element modelling (FEM), based on pure Lagrangian approach, is developed for studying the serrated chip formation during high speed machining (HSM) of 7075-T651 alloy. The solution was achieved using a commercial software package, ABAQUS/Explicit v6.13. The Johnson-Cooke (JC) constitutive equation is used to describe the work material behaviour. Moreover, the JC damage equation is implemented into the FEM to take into account for the shear localization during the serrated chip formation. Modified Coulomb friction model has been used to characterize the sliding/sticking effects on the tool-chip interface with the friction coefficient and shear flow stress determined by force calibration and machining data, respectively. The proposed FEM is validated using experimental data obtained in HSM of 7075-T651. The FEM was able to predict accurately serrated chip morphology. The intensity of chip segmentation was found to increase with cutting speed.INTRODUCTIONHigh speed machining (HSM) is one of the most used processes for manufacturing aircraft parts with aluminum alloys. For aluminum alloys, the use of HSM increases metal removal rate and reduces the formation of built up edges and burrs. However, it was found that serrated (also named segmented or sawtooth chip) and discontinuous chips can be produced during HSM of some high strength aluminum alloys, such as 7075-T6 alloy (Rao & Shin, 2001). Many parameters were found to affect the segmented/discontinuous chip formation during the machining of aluminum alloys.There are two cases in which the serrated chip can forms: the first is when machining hardened materials (Morehead, Huang, & Luo, 2007), and the second, when machining ductile materials with a cutting speed higher than a critical value (Barry & Byrne, 2002). Different theories and models were developed in order to explain the formation mechanism of such kind of chips. According to Astakhov (2006), the segmented chip formation is attributed to variations in stress and plastic deformation states, and resulting temperatures on the cutting zone. Liyao et al. (2013) stated that the segmented chip formation was mainly attributable to adiabatic shear instability/catastrophic strain localization. Others (Vyas & Shaw, 1999) suggest that the fracture/crack propagation mechanism is at the root of chip generation."

Jan 1, 2016

By S. Koski

The Cerro Verde copper-molybdenum porphyry mine, majority owned and operated by Freeport- McMoRan Copper & Gold, is located 30 km southwest of Arequipa Peru. The concentrator, which produces copper and molybdenum concentrates, started operating in late 2006 with a 108,000 tpd design capacity, processing primary sulfide ore (mainly chalcopyrite and molybdenite). Plant capacity was recently increased to 120,000 tpd. The comminution circuit consists of one 60? x 113" primary crusher, four MP-1000 secondary crushers in closed circuit with dry screens, four 2.4m x 1.6m High Pressure Grinding Rolls (HPGRs) in closed circuit with wet screens, and four 7.3m x 11m gearless ball mills in closed circuit with cyclones. The HPGR circuit is fed by the Secondary Crushing circuit product at a T80 of 35 millimeters, and the HPGR circuit product feeds the Ball Mill circuit at a T80 of 3000 microns. This paper describes operating experiences with HPGRs during these first four years highlighting improvements in operating practices and presentation of data regarding operational efficiencies, also discussed are the primary benefits provided by HPGRs such as production of micro fractured particles, reduced ore Bond Work Index, and reduced power consumption. Cerro Verde represents the first installation of HPGRs in both the copper industry and large scale hard rock mining.

Jan 1, 2012

By T. Plikas, T. Porretta, M. Al-Dojayli, B. Pretorius, J. Woloshyn, H. Ghorbani

"Water-cooled ducts represent an integral part of high temperature off-gas systems in metallurgical processes. Typically, off-gas enters these ducts at significantly elevated temperatures; therefore, water cooling may be required to maintain the duct skin temperature within allowable design limits. These off-gases are typically of high mineral content that could lead to dust buildup, and there is a possibility of slag buildup / molten metal splashing. Therefore, dust cleaning provisions may be necessary in order to remove or minimize accretion on the duct wall, which could otherwise impact the water cooling and the system process efficiency. These ducts may have complex geometry and experience a wide range of loading, including gravity loads, water and gas pressures, cyclic thermal loading and dynamic impact forces. Consequently, the thermo-mechanical assessment of such water-cooled ducts is critical and requires consideration phenomena such as high temperature gradients, potential nucleate boiling, thermal ratcheting and fatigue failures. Such assessment is not comprehensively covered by design-by-rule design codes and guidelines due to its complexity. This paper presents a successful implementation example of design-by-analysis methodology to improve the design and extend the life of a water-cooled furnace transition duct using Computational Fluid Dynamics (CFD) and Finite Element Analysis (FEA).INTRODUCTION Water-cooling represents an important part of high temperature off-gas systems in metallurgical processes. Typical temperatures of the off-gas in the furnace uptake are in excess of 1400°C, and thus there is a need to maintain the water-cooled duct and jacket skin temperatures within their material allowable design limits. Water-cooled channels have been used effectively in arc furnace roof design (Sosonkin et al., 1972; Smolyarenko and Khainson, 1988) and other furnaces as well as in furnace fuming jackets (Scholey et al., 1994). The design of these systems was based on one-dimensional analysis to ensure sufficient cooling is available under extreme furnace conditions (Smolyarenko and Khainson, 1988; Scholey et al., 1994). With advancement in furnace and fuming system designs, water-cooled duct designs have become more complicated in geometry. Numerical techniques, such as three-dimensional fluid flow and heat transfer modeling, are therefore needed to more accurately calculate water velocity, temperature and convective heat transfer coefficients in the water-cooled channels (Haywood et al., 2002; Henning et al., 2010). This is of particular importance around geometric corners where stagnant water flow may lead to local nucleate boiling at the critical heat flux, causing hot spots (Bergman et al., 2011). High wall skin temperatures increase the risk of failures due to thermal stresses as well as increasing corrosion rates (Gelfi et al., 2012), leading to costly equipment downtime and potential safety risks."

Jan 1, 2017

By H. Bouzahzah

The field of quantitative mineralogy has evolved significantly through the development of image analysis techniques and information technology. Quantitative mineralogical characterization can now be routinely conducted for determining ore compositions and understanding the behaviour of minerals within mineral separation processes. The characterization of mine tailings is another important application of quantitative mineralogy. The estimation of acid and neutralization potential as well as the interpretation of kinetic leaching test results are often based on quantitative mineralogical knowledge (mineral abundance, texture, metal distribution amongst minerals, etc.). The objective of this paper is to determine and compare the accuracy of four mineralogical characterization techniques that are often used for environmental sample analysis: (1) X-ray diffraction, (2) normal analysis from chemistry analyses, (3) normal analysis from specific gravity measurements and (4) SEM-EDS image analysis. For this purpose, three artificial samples were assembled by mixing pure minerals in proportions often observed in mineral processing plant tailings. BILMAT, a statistical data reconciliation software, was applied to reconcile the chemical analyses with the results of other mineralogical analysis techniques and to estimate the acid and neutralization potential of actual mine tailings samples. The acid mine drainage was qualified from the acid potential and neutralization potential equilibrium as determined through quantitative mineralogical analysis. The statistically reconciled data made it possible to predict the metal deportment as a function of their bearing minerals and therefore, in the case of neutral contaminated drainage, to assess metal leaching potential.

Jan 1, 2016

By M. Lindgren, M. Latva-Kokko

Process performance can be significantly influenced by proper design of hydrometallurgical reactors. Optimal reactor configuration is case specific and depends on process requirements such as reaction rate limiting factor and particle size distribution. Choice of materials and manufacturing methods also play important roles in highly corrosive and abrasive environment often involved in hydrometallurgical industry. In this paper performance of different reactor designs has been compared in some typical hydrometallurgical applications. Results show that significant improvement in energy consumption, gas utilization efficiency and equipment lifetime can be achieved with process specific reactor design.

Jan 1, 2014

By M. S. Badollet

"IntroductionAsbestos as received by the manufacturer of asbestos products is •in the •form of either crudes or milled fibres processed to different degrees of texture. Frequently, the manufacturer finds that l:ihe fibres as he buys them are not adaptable to his plant processes, and, therefore, it is necessary for him either to contact the mine supplying the material and request a specific texture for the :fibre or to reprocess the fibre in his own plant.When the mine or mill manager is requested to change his milling equipment to produce a special grade of fibre with a specific texture, he would like to comply. However, if he began to make special fibre grades for each customer, he would be in the position of constantly rearranging his milling technique, adding more equipment, or building a new mill. In the end, his mill would he producing hundreds of different fibre grades of varying degrees of texture, which is a difficult accomplishment if he desires to maintain any quantity of production."

Jan 1, 1950

By G. Van Weert, O. Wang

ABSTRACT: When exposed to microwaves, rocks containing sulphides adsorb energy preferentially over barren gangue and quickly become warmer with minimal energy consumption. This effect makes subsequent machine sorting of ore from waste rocks or overburden possible using infrared sensing. This paper reports on the 2450 MHz microwave response of a variety of sulphide minerals by mesh size and spatial distribution, as they might occur in ore rocks. The implications for infrared ore sorting are discussed.

Jan 1, 2011

By Sabry A. Sabour

Metal price is among the key variables in the open pit optimization and the economic evaluation process. The common approach to handle metal prices in open pit mine planning is to optimize the ultimate pit and the mining schedules using a fixed, flat metal price. In this respect, metal price is assumed to be known with certainty throughout the entire mine life, which in some cases can reach 80 years. Given the volatile nature of metal markets and the metal price cycles, the conventional pit optimization approach may generate sub-optimized mining plans, which results in either extra costs to mining projects or lost revenues, or both. Long-term operational decisions such as future pit expansions, beyond the currently optimized limits, cannot be handled using the pit optimization approach based on flat metal prices. There is a growing interest in the mining industry to model and manage such market uncertainty in the pit optimization as well as the project evaluations in order to maximize the value of mining operations. In this paper, the author will outline a practical approach to optimize the ultimate pit taking into account the volatility and variability of metal markets. The proposed approach uses a combination of the pit optimizer of the commercial MineSight package and a simulation-based economic modeling real options valuation approach employing the least-squares Monte Carlo algorithm. MineSight pit optimizer employs both the floating cone for initial optimization exercise and the standard Lerchs-Grossmann algorithm. In this paper, Lerchs-Grossmann option will be used to generate the pit shells. Real options valuation approach used in this study is based on generating multiple metal price scenarios. Metal price uncertainty is modeled using stochastic metal price models such as the geometric Brownian motion and the mean-reverting process. The mining operational scenarios corresponding to the simulated metal prices are then optimized using the least-square Monte Carlo approach. The objective is to maximize the discounted cash flow value of the project while incorporating the operating flexibility to revise the operating status of the open pit with time as new information becomes available. The focus of this work is on the practicality of the proposed uncertainty-based pit optimization approach and the difference it can make to the technical operational mining decisions. A case study of a hypothetical open pit poly-metallic mine is provided. The deposit contains copper, gold and silver grades. The run of mine ore is sent to the process plant that produces copper concentrate with copper as the main metal and gold and silver as the by-products. Four uncertain variables are considered here include copper, gold, silver prices and foreign exchange rate. Both copper price and exchange rate are modeled using the mean-reverting process while gold and silver prices are modeled using the geometric Brownian motion. The case study is performed using both the conventional flat price pit optimization approach and the proposed uncertainty-based one to compare results.

Aug 1, 2013