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By W N. Qin, B Zhang, W Z. Huang, X S Mo

Mengzi Mining and Metallurgy Co, Ltd (MMMC) polymetallic ore contains recoverable amounts of tin, lead, zinc, pyrite and other valuable minerals. With the change in orebody, the run-of-mine (ROM) ore changed from lead zinc rich ore to tin rich ore, where the current ROM ore contains 0.45–1.25 per cent tin, 20–25 per cent sulfur, and 0.20–0.35 per cent copper. The previous processing flow sheet was designed to recover lead zinc rich ore and it is clearly not suitable for recovery of the current tin rich ore, where the tin was already overground and tin recovery was only 50.19 per cent. The Mengzi Mining Company has recently modified the concentrator circuit by incorporating rod mill and high efficient Derrick fine screen. As a result of the improved classification efficiency, the overgrinding of the tin ore was minimised and the recovery of tin was improved by 20.71 per cent, ie from 50.19–70.90 per cent. An additional $10 M revenue per annum can be achieved as a result of the modification.CITATION:Qin, W N, Huang, W Z, Mo, X S, Zhang, B and Wheeler, J, 2014. Application of high efficient fine screen to improve the recovery of tin concentrate, in Proceedings 12th AusIMM Mill Operators’ Conference 2014 , pp 487–492 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Sep 1, 2014

Design and construction techniques used to develop two highway tunnels in inaccessible mountainous terrain are described. Measures used to adapt the design to the unusual geology and topography are discussed, as well as measures to adapt the construction methods to available equipment, materials, and skills. Sharp local variations in geoloqic conditions resulted in field modifications to both design and construction techniques. The geology is a volcanic ash and breccia-agglomerate at one site, a jointed andesite at the other, which is also the site of a major landslide. Both rock reinforcement in the form of pretensioned and grouted rock bolts with a shotcrete lining,and rock support by struc- tural steel sets with a reinforced concrete lining were used. A canyonside location and high lateral in-situ stresses required modification of design procedures. Pilot tunnels at both sites resulted in adapting the designs to site conditions with large savings in lining costs, disclosing problem areas in advance of the main excavation, and cushioning of blasting pressure to minimize stability problems.

Jan 1, 1976

By A Horn

Mineral processing is characterised by a constant adaptation to changing raw materials and market conditions. It is the link between the mined raw material and a marketable product. As a lot of high-grade reserves are exploited, a steady deterioration of raw material quality can be observed. At the same time, the customer’s requirement for product purity and consistent quality increases.Over recent years beneficiation techniques for iron ore fines have become more important in order to achieve a maximised utilisation of ore resources and to produce competitive products according to international standards.Many high capacity iron ore beneficiation plants that target the production of fines focus on gravity separation processes using fluidised bed classifiers and spirals or wet high intensity magnetic separators as an alternative. This paper demonstrates the suitability of utilising the allflux® two-stage fluidised bed classifiers to treat iron ore particles up to 2 mm in size as well as showing how the high capacity gaustec® wet high intensity magnetic separation (WHIMS) technology offers several advantages compared to other WHIMS technology.The combination of the allflux® and gaustec® technologies offer the following benefits:The two-stage fluidised bed classification extracts a significant amount of concentrate from the feed. This in turn reduces the feed capacity required for the gaustec® WHIMS located downstream.The second classification stage produces a -0.5 + 0.1 mm product and a -0.1 mm product. The efficiency of the magnetic separation on these classifi ed products is high due to optimised settings for each size fraction.

Jul 11, 2011

The sixth international symposium on mining with fill nearly coincides with the 25th anniversary of the Jubilee Symposium on Mine Filling. That symposium, held in August 1973 in Mount Isa, in part to commemorate the 80th anniversary of The Australasian Institute of Mining and Metallurgy, was the first in what has turned out to be a very successful series of symposia. Subsequent symposia were held in Sudbury, Canada (1978), Lulea, Sweden (1983), Montreal, Canada (1989) and Johannesburg, South Africa (1993). The series of symposia has now become an established part of the mining industry calendar, and it will be interesting to see which country is given the honour, and accepts the challenge, to organise the next symposium. When the chairman of the conference organising committee invited (or was it instructed?) me to prepare and deliver one of the keynote addresses, his request was for me to be in parts historical, controversial, predictive and entertaining. The mix was left to me, with one proviso - that an early pioneer of mine filling in Australia be given due recognition. The chairman of the organising committee alone will be able to determine if I fulfilled the last objective. My success, or otherwise, with the other objectives will have to be judged by my fellow delegates. One way of predicting the future, or some small part of it, is to revisit where we have already been with a view to determining the existence of any trends that may impact on the future. An historical review of filling practice and research, with special emphasis on Australian experience in particular and worldwide in general over the previous 25 years, will enable me to address the historical and predictive objectives.

Jan 1, 1998

By S Maritsa, E K. Chiwandika, S M. Masuka

The iron and steel industry is experiencing an increase in the use of iron and steel commodities within societies, decarbonisation pressures, depletion of high iron ore grades and high energy consumption. This necessitates scrap metal recycling, low-grade ore utilisation using the induction or electric arc furnace to achieve the global target of net zero CO2 emission. The available highquality scrap metal cannot sustain the steel industry but the world has unused hematite-goethite ores. It is the aim of this research that this resource be utilised using the induction furnace to sustain the steel industry in an environmentally friendly manner. Indurated pellets prepared from the hematite-goethite ore, 5 wt per cent limestone and 5 wt per cent coal addition were smelted in the induction furnace at 1350 ± 50°C with 25 mins holding time. The effects of basicity and carbon content were also investigated to optimise the smelting parameters. The results showed that the careful control of the basicity, and iron-to-carbon ratio maximised total metal recovery. The optimal basicity ratio was determined to be 1.3 and a carbon to iron ratio of 1.4 achieved a total metal recovery of 73 per cent. The metal recovery was closely related to the estimated slag melting temperature. The basicity ratio of 1.3 achieved the lowest slag melting temperature estimated to be around 1380°C based on the CaO-SiO2-Al2O3 phase diagram. The recovered metal had a comparable chemical composition and microstructure to that products from an ITmk3 furnace.

Jun 19, 2024

By H Sichani-Teimouri, B N. Noller, J C. Ng, R N. Alsaadi, P L. Breuer, S Shini

Cyanide has been used for over a century worldwide for gold extraction. However, the presence of several metals and metalloids in ore requires greater amount of cyanide for an efficient gold recovery due to their solubilisation in conjunction with gold. The extraction residues are discharged into tailing storage facilities (TSFs) and may cause bird mortality if there is exposure to cyanide-bearing wastewater exceeding the toxic threshold. The toxicity arises from free cyanide released from weak acid dissociable (WAD) cyanide complexes. The International Cyanide Management Code (ICMC) has deemed 50 mg/L of WAD cyanide released into TSFs to be safe for wildlife protection. However, this concentration is based on observations of an apparent lack of toxicity rather than a toxicological approach. The National Industrial Chemicals Notification and Assessment Scheme (NICNAS) identified in 2010 that there is a lack of toxicity data to properly assess the environmental significance of cyanide levels at gold mines. Lack of knowledge for the toxicity of free cyanide and metal cyanide complexes to wildlife led to consider alternative direct assessment techniques for designating safe levels. Whilst toxicity may be assessed by using young chickens with animal ethics approval, the traditional bioassay approach to assess cyanide toxicity is impractical for gold mine TSFs. Bioassays using algal species such as Euglena gracilis, a unicellular alga, are widely used for ecotoxicological studies. A unique feature is that the Euglena gracilis Z cell has plant-like while SMZ cell has animal-like characteristics. The aims of this project are to evaluate the suitability of Euglena gracilis Z and SMZ strains to assess the toxicity of free cyanide and both strong (cobalt) and weak (zinc, copper and nickel) acid dissociable metal-cyanide complexes that may be present in TSFs.CITATION:Noller, B N, Ng, J C, Shini, S, Breuer, P L, Sichani-Teimouri, H and Alsaadi, R N, 2014. Development of a toxicity approach to evaluate free cyanide and metal cyanide complexes in waters associated with gold and other mining, in Proceedings Life-of-Mine 2014 , pp 573–590 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Jul 16, 2014

By P Esteves, J L. Bechir, R Galery, C Senna, V Souto

The current moment experienced by the mineral industry is marked by a series of economic, social and environmental challenges. Among the main challenges, it is important to highlight the decreasing in ore grades with the gradual depletion of the existing deposits, the high volatility in international commodity prices and the operational inefficiencies in the mine, beneficiation, and metallurgical plants. In this context, mining companies are continuously looking for alternatives that minimize production costs and maximize overall production. In addition, recent tragedies involving tailings dam collapses in Brazil, reinforced the need for a more responsible, sustainable, and conscious mining, such as aiming the preservation and rehabilitation of the land environment. In this scenario, the Sensor-Based Sorting (SBS) technology is currently getting more space into the mining market. This separation technology aims the removal of gangue material in coarse particle size fractions, prior to comminution and concentration stages. As a consequence, the technology allows a smaller consumption of energy, water, chemical reagents and other inputs. Moreover, the sensor-based sorting is a dry processing technology and favors the reduction of fine material to be sent to the tailings. The aim of this paper is to provide information regarding the technical and economical evaluation of SBS technology applicability to a zinc silicate mining in Brazil. The project evaluation was performed in two stages: laboratory test work and the execution of a pilot plant. The execution of a pilot plant allowed the technology optimization, quantification of downstream process effects, such as a proper economic evaluation about the technology benefits. Keywords: Sensor-Based Sorting; Particle Sorting; Ore Sorting; Preconcentration; capital expenditure (CAPEX); operating expenditure (OPEX); zinc; comminution; dry processing.

Nov 10, 2020

By Boyd GL

Backfill applied to highwall mining is foreseen as a means to increase recovery of mineable coal to levels comparable with underground longwall mining. This paper describes the progress of research to demonstrate the role required of backfill to achieve real increases in coal rCCOvCrCd h\ hi'eh ss-all mining methods.

Jan 1, 1998

By L Gobbo

X-ray diffraction (XRD) provides useful information about the composition of an ore sample in terms of quantification of crystalline phases and amorphous content. The use of new, fast detection systems implemented in CubiX FAST industrial diffractometers creates the opportunity to use this technique in exploration and modern process control. Besides the chemical composition of iron ores, their phase composition is also an important factor for exploration, quality control and processing. In the analysis of iron ore, XRD can identify the phases containing iron, such as haematite Fe2O3, magnetite Fe3O4, and goethite FeO(OH), and any other mineral phases present, especially silicas. Quantitative analysis is possible by various classical methods such as straight line or polynomial calibration with standards, but modern quantification analysis techniques such as Rietveld analysis or full pattern autoscale analysis are attractive alternatives, as they do not require any standards. These methods offer impressive accuracy and speed of analysis. Another analysis technique offering great benefit to ore exploration and process control is cluster analysis. This technique greatly simplifies the analysis of a large amount of data, eg from drill core samplings, and automatically sorts closely related scans of an experiment into separate clusters and marks the most representative scan of each cluster as well as outlying patterns. This can facilitate multi-dimensional compositional mapping of ore deposits, identifying regions of favourable mineral composition and allows fast and reliable tracking of the process. It is the most economic procedure to have automatic data evaluation without involving any dedicated personnel in the process. Details of the techniques used, sample optimisation methodologies, results, data precision and limitations will be discussed. The approaches have enormous potential as an inexpensive, reliable tool, useful in the characterisation of iron ore materials in an industrial environment.

Jan 1, 2009

By Laros T, Schoenbrunn F

Deep paste thickeners have been proven capable of consistently producing medium to low slump material for disposal without the need for filters. However, proper design of the entire system is critical for a paste project to he successful. Some of the factors that must be carefully considered in design of a paste system include thickener sizing, tailings inipoundineni design, underflow pumping, and control system.

Jan 1, 1998

By M Dunglison, P M. Cameron

Simultaneous mass-balancing of a mineral processing flow sheet results in adjustments to each data point that reflects the accuracy and precision across the full set of data. In this way, all the good work that goes into designing the sampling and analysis protocol for each sample point is leveraged in order to produce a æbetterÆ set of balanced numbers for every sample point in the circuit. Few operating plants employ whole of circuit balancing techniques to produce reported operating results. This situation is changing with the application of mass balancing technology which utilises redundant data for production accounting and metal reconciliation from product to ore source across multiple phases and multiple time periods. Mine and plant data can now generate credible information to improve productivity. Mine and plant personnel can now use consistent data sets for review and planning. Decisions based on balanced data can be made quicker and with increased confidence.

Jan 1, 2005

The implementation of robust, reliable and accurate sampling systems is the key to the successful management of any mineral processing plant. The representative sampling of a mineral processing plant is the only way to determine what is coming into the plant, what is going out as fi nal product and what is going to tails. In plants with high gravity gold components, where high recovery effort gravity circuits are installed, the use of a gravity recoverable gold (GRG) sampling system can assist in the online monitoring of the performance of the circuit. The typical installation location would be in CIP or fl otation feed (ie cyclone overfl ow), downstream of the gravity circuit. A GRG sampling system generally consists of the following equipment: true proportional, continuous drive, linear cross cut sampler, secondary vezin sampler operated on a timer, a batch centrifugal concentrator, and sample dewatering module. The operating philosophy of the GRG sampling system is that the primary sampler operates on a continuous basis, generating a constant stream of truly representative sample. Consep's H&S drive system is unique in its ability to be able to operate in a continuous mode, therefore enabling a continuous stream of representative sample to be generated. The primary sample stream reports to the secondary sampler. The secondary sampler operates on an intermittent basis (nominally ten minute interval), resulting in a relatively small sample volume per shift. Normally the sample volume would be ten to 15 L per shift. The secondary sample rejects stream reports back to the batch centrifugal concentrator. The sample generated from the secondary sampler can be dewatered using a Consep H&S dewatering module. This device produces a final sample that consists of separate filter cake and filtrate. These are suitable for taking directly to the laboratory. The continuous stream of truly representative secondary sampler rejects is passed through an appropriately sized Knelson Concentrator, typically a KCMD7, KCCD10 or KCCD12 sized unit. This unit recovers any available GRG from the stream. The Knelson Concentrator is also purged of its gravity concentrate at the end of the shift. This sample, which is nominally around 1 - 2.5 kg of concentrate, is also taken to the laboratory. At the end of the shift the client will have a measure of the gravity recoverable gold content of the target slurry stream, as well as a true representative sample of the complete stream. Through the addition of a Knelson Concentrator to an otherwise typical sample station, it is possible to generate a true measure of the performance of your gravity circuit. This will take the guess work out of the daily variation in gravity circuit gold recovery, as the site knows whether the changes are due to gravity circuit equipment performance, or due to the natural variation of ore GRG contents. Maintenance planning can also be designed around the system, as the site will have a composite sample to measure the performance of the circuit, therefore indicating where performance has dropped and maintenance is needed. This is an ABSTRACT ONLY. No paper was prepared for this presentation.

Aug 1, 2010

By H Mischo, M Ferber, M Donner, B Jung, S Grehl, A Dietze

Mobile robots have been making impressive inroads in a variety of domains. Within the Mining-RoX project, Technical University Bergakademie Freiberg is exploring a further frontier for mobile and autonomous robots: underground mines. The potential benefits of mobile robots in underground mining are plentiful as underground mines are strenuous and potentially dangerous working environments for humans. A higher degree of automation, with robots either acting as helpers for human miners or even replacing all human personnel deployed underground, could help to significantly reduce mining costs. In disaster cases, rescue robots could help to find missing personnel. Unmanned mines operated by robots alone would not endanger human lives at all. Further use cases, and a particular focus of the Mining-RoX project, are mobile robots that gather sensory information of the underground mine (eg for the purpose of creating detailed 2D and 3D maps) as well as monitoring environmental conditions such as air and water quality. This paper presents the design of a prototypical mobile robot for mapping and monitoring underground mines. A generic robotic platform was extended with various 2D and 3D imaging devices as well as other sensors. First results from test runs in an underground mine are reported. Maps of two sections of the mine enhanced with localised sensor measurements were successfully created.CITATION:Grehl, S, Donner, M, Ferber, M, Dietze, A, Mischo, H and Jung, B, 2015. Mining-RoX – mobile robots in underground mining, in Proceedings Third International Future Mining Conference, pp 57–64 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Nov 4, 2015

By J Addai-Mensah, W Skinner, C Kelsey, J R. Kelly, E Baawuah

Comminution continues to be the most capital-intensive unit operation in mineral processing. The fundamental purpose of comminution is to liberate the valuable minerals so that they can be economically concentrated into saleable products. Declining ore quality characterised by lower grade and increased complexity requires significant energy consumption for comminution. Low-grade magnetite ores are typically fine-grained and require fine to ultra-fine grinding (P80 ~ 30 - 40 µm) to enhance its liberation from the typically siliceous gangue matrix. Historically, this has been achieved using multi-stage crushing and grinding technologies, which require high energy consumption with low energy efficiency. This motivated innovations in energy efficient technologies for comminution. Such technology has been developed in the IMPTEC super-fine crusher. It is an innovative, dry (with the potential to be operated wet), media-free, energy efficient crusher that can to reduce 10 mm feed particles to 19 – 30 µm with very low recycle loads. In this study, the mineralogical and physicochemical characteristics of crushed magnetite ore using the IMPTEC super-fine crusher have been investigated in comparison with those of rod milling. The super-fine crusher generated higher liberated magnetite minerals in the – 300 + 212 µm and < 45 µm size fractions compared to rod mill. Both comminution devices generated large low-grade hematite and goethite middlings. However, the rod mill produced higher locked/unliberated hematite and goethite compared to that of the super-fine crusher. Quartz mineral had the highest liberation irrespective of the comminution device used. The super-fine crusher generated higher entrapment of other minerals within the silica matrix compared to the rod mill. The breakage mechanism of the super-fine crusher which is predominantly through high compression with shear, generated improved mineral liberation in the coarse size fractions compared to the predominant abrasion and attrition breakage mechanisms of rod milling. The higher mineral liberation generated by the rod mill is potentially due to the prolonged batch milling of the ore compared to the single-pass open circuit of the super-fine crusher.CITATION:Baawuah, E, Kelsey, C, Kelly, J R, Addai-Mensah, J and Skinner, W, 2018. Mineral liberation studies of IMPTEC super-fine crusher – 130 crushed product, in Proceedings 14th AusIMM Mill Operators' Conference 2018, pp 313–326 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Aug 29, 2018

By J H. Park, R R. Kim, H S. Park, H J. Kim

This study focuses on the recovery of valuable metals, specifically silver (Ag) and palladium (Pd), from copper-containing sludge (with copper content less than 20 per cent) generated during PCB processing and from spent petrochemical catalysts used in vapour decomposition during oil refining processes. The present results indicate that an increase in the mixing ratio of alumina-based spent catalyst leads to a decrease in the recovery rate of Ag and Pd. The recovery rates for Ag and Pd range from 84 per cent to 96 per cent and 80 per cent to 98 per cent, respectively. This trend is attributed to the increased emulsification of copper droplets containing Ag and Pd in the slag. The emulsification is caused by the decrease in the settling velocity of the copper droplets due to the increased viscosity of the slag as well as by the decrease in the slag-metal interfacial tension due to an increase in sulfur content at higher mixing ratio of spent catalyst.

Jun 19, 2024

By N S Melkoumian

While improvements in occupational health and safety (OHS) in the mining industry have decreased fatalities and accidents, little attention has been paid to the cultural confound of 'safety' in the increasingly multicultural mining industry. Occupational health and safety processes often contain assumptions of cultural understanding that may not be shared or understood by mining employees. There are potentially dangerous and costly implications of cultural difference in the mining environment. Some people have been enculturated with high levels of anxiety concerning catastrophe and uncertainty while others have a more laissez faire attitude to accidents and disaster. The level of cultural anxiety about uncertainty can be a major factor in the acceptance of OHS processes. OHS manuals based on a comprehensive set of rules and procedures may assume that the authority of 'rules' is shared by all employees regardless of a variety of cultural understandings when this may not be the case. Similarly, cross-cultural employees may not share a background or acceptance of expensive technological innovation and so resist/avoid the application of new safety equipment. Then too, OHS staff may not realise the significance of religious belief or personal responsibility on employees' attitudes to safety in the workplace environment. A lack of consideration of these cultural elements could have fatal and expensive results. This paper explores the impact of cultural difference in the understanding of OHS in the Mining Industry, presents a model to improve the understanding of the cultural confound in safety, improves analysis of OHS in practical multicultural situations, provides assistance for those involved in OHS training and may become a basis for developing OHS policy and procedure.

Dec 6, 2010

The subject of my paper is one which, I am certain, has exercised the mind of every man on whom depends the safe and economical conduct of mining operations; particularly in this district where the enormous size of the ore body has necessitated the mine workings assuming a scale that was hitherto unknown in the history of Australian mining. I, therefore, approach the subject with the feeling that I am displaying considerable t.emerity, knowing as I do that the subject has engaged the earnest attention and thought of everybody immediately concerned in the extraction of the ore of this district, and particularly of the Broken Hill lode.I think I shall not be contradicted in asserting that a very large proportion of eur accidents are distinctly traiceable to inexperience on the part of the miner, and records at the mines and verdicts of coroners' juries in many instances uphold this assertion by showing that the accident under notice was the direct result of lack of knowledge of the conditions of the work, or, at any rate, of an error of judgment hardly conceivable in the experienced miner. That this assertion is correct may also be proved by visiting any of the mines of the district.To the experienced eye it will be evident at once that a very large number are not in way skilful in the use of their tools and, therefore, lack the experience which of necessity must be coincident with the acquirement of skill. Now in making this' assertion, I do not intend to be too sweeping...

Jan 1, 1903

By E R. Ramanaidou, M Wells

The aim of this paper is to summarise all known Phanerozoic ooidal ironstone deposits worldwide, including Australian deposits such as the well-known channel iron deposits (CID). Nearly 400 occurrences have been catalogued based on stratigraphy, geographical coordinates, facies, grade, tonnage and iron bearing ore minerals. The description also includes details on the geochemistry, genetic models and main references. Brief statistical analysis provides an overview of the variation between these deposits. This compilation offers a basis for better understanding of the ooidal ironstone deposits and a global evaluation of this important resource worldwide.

Jan 1, 2009

By J Gould, T Elkington

Mine operation strategies are commonly optimised with a net present value (NPV) maximisation objective. There are well known properties of a typical mining project optimised for NPV, including high production rates and declining cut-off grade schedules. In practice, however, frequently there are operations that diverge from such NPV-maximising properties. Although a range of reasons for this can be at play, one possible explanation is that operators intuitively adjust their strategies to compensate for the flaws inherent to NPV maximisation. In particular, NPV analysis does not reflect the benefits of managerial flexibility inherent in a mining plan. Real options valuation (ROV) is an alternative approach that addresses this issue. We compare the properties of NPV and ROV optimisation solutions generated for the same scenario. Our simple case study demonstrates that the presence of real operating options in the optimisation model not only entails increased project value as expected, but also tends to encourage lower processing capacity (with lower associated capital cost), higher cut-off grades and greater use of stockpiles.CITATION:Elkington, T and Gould, J, 2012. Real option value optimisation, in Proceedings Project Evaluation 2012 , pp 35-40 (The Australasian Institute of Mining and Metallurgy: Melbourne).

May 24, 2012

By S Shafiee, N Abbate

The evaluation of mining projects requires a methodology that will give flexibility and manage the existing uncertainty within the projects. The discount cash flow (DCF) and other traditional evaluation approaches, which are widely used in evaluating a significant number of mining projects, have simply assumed that the main variables remain constant in their evaluation; elements such as discounted rate, mine life, operating cost and production rate. The DCF ignores managementÆs flexibility to adapt and reforecast and revise decisions. Real options valuation (ROV) is one of the modern evaluation methodologies that provide a tool to adapt and revise mining projects under uncertainty and future variables movements. ROV brings more variables into the evaluation model compared to DCF and assumes them as uncertain and dependent. Finally, ROV provides a range of solutions that can assist in managing this flexibility.This paper endeavours to compare ROV and DCF for mining projects comprehensively and applies these two techniques in the model. The paper shows that ROV will be inclusive of extra value in mining projects due to variables not allowed for, or even ignored, when the DCF model alone is used. One of the significant advantages of the ROV method is being able to evaluate mining projects under different scenarios from the inception of the projects. Furthermore, ROV gives the ability to evaluate the mining project while allowing for abandonment, temporary suspension, or expanding the mining project. In other words, the ROV evaluation process creates an analytical environment, which allows for optimisation of the mining plan within the mining project, as well as the ability to change the capital structure dependant on existing circumstances over the life of the project. The ROV is a new evaluation method that can add value in mining project analysis and offers opportunities to amplify gains, or to mitigate losses. This paper also discusses some of the reluctance to use ROV instead of DCF in current project evaluation.CITATION:Shafiee, S and Abbate, N, 2012. Now, this is the time for mining companies to choose - Real option valuation or discount cash flow, in Proceedings Project Evaluation 2012 , pp 225-234 (The Australasian Institute of Mining and Metallurgy: Melbourne).

May 24, 2012