Search Documents

By L. D. Smith

Paper presented at the conference: Risk assessment in the extractive industries, held in Exeter, UK, 23-24 March 1994, and first published London: IMM, 1994, preprint volume. 22pp., 15 refs. The concept of risk is well established in the mining industry but it is difficult to provide a quantitative assessment of risk. A discussion is presented of the significant sources of risk in a mineral project and how they are addressed. The discount rate is examined as a fundamental means of reflecting risk in discounted cash flow evaluations. Current industry practice is discussed and a methodology for the analysis of risk levels is proposed which assesses the constituent components of the discount rate (real interest, mineral project risks and country risk)

Dec 1, 1994

Paper presented at the conference Risk assessment in the extractive industries, held in Exeter, 23-24 March 1994. Sensitivity analyses based on financial variables are now routinely applied to the forecast financial results of mining projects especially during the feasibility stage. Risk analysis is gaining acceptance but is still almost universally confined to the effects of variations in financial variables. The single most sensitive factor in almost all mining projects is the ore reserve, but it is either ignored or improperly used in sensitivity and risk analyses. Unlike financial variables, the components of the ore reserve (grades and tonnages of mining blocks) are a function of location within the orebody. Physical (mining) access to these components is therefore a function of time which has a crucial effect on forecast cash flows. It is critical that these fundamental concepts are included in risk analyses of mining projects. The effects are considered of the uncertainty of the ore reserve on feasibility studies and open-pit mine design for a small gold mining venture. Geostatistical simulation is used as a method of quantifying the risk in using grades and tonnages estimated from sparse data

Jun 16, 1905

By Haldane J. S.

Discussion of a paper presented at the Institution of Mining Engineers' general meeting held in London on 8th June 1916 included oral contributions by Louis H., Mowat D.M., Lupton A., Bailey T.H., Blackett W.C. and Gerrard J., and written contributions by Collis E.L., Carlow C. and Wilson W.B., with the author's oral and brief written responses

Dec 1, 1916

By Black J.

Further discussion at the Mining Institute of Scotland's general meeting held in Edinburgh, 12 February 1916, with D.W. Mowat, president, in the chair, of a paper published in Trans. Inst. Min. Engrs., 1915, vol. L, p.449 included written contributions by Dron R.W., Riddell W., Hamilton J. and Mowat D.W.

Dec 1, 1916

By B. Denby

Following an introduction to the symposium and its topics, including techniques such as expert systems, neural networks, genetic algorithms and case-based reasoning, the contents list of the 8 selected papers is presented

Apr 1, 1994

By D. L. Buchanan, M. J. Jones

In May, 1982, the University of Western Australia in Perth hosted a three-day international conference on nickel sulphides, followed by a ten-day field excursion to the Western Australian nickel sulphide deposits. The conference was arranged by Professor D. I. Groves, C. M. Lesher and Dr. R. E. T. Hill under the auspices of the International Geological Correlation Programme's Projects 161 ("Sulphide deposits in mafic and ultramafic rocks") and 91 ("Metallogeny of the Pre- cambrian"). This volume contains a selection of the papers that were presented at the Perth conference. Most of the papers are related to the nickel sulphide deposits of Western Australia, but contributions with settings in North America, Finland, Vietnam and Southern Africa have also been included.

Jan 1, 1984

Further discussion at the North of England Institute of Mining and Mechanical Engineers' general meeting held in Newcastle-upon-Tyne, 3rd June 1916, on the paper published in Trans. I.Min.E., vol.L, 1915, p.179, consisted of the author's written response to Mr. Hare's comments at the April meeting

Dec 1, 1916

By D. H. Watkinson

Paper presented at the IAGOD international symposium on mineralisation related to mafic and ultramafic rocks held in Orleans, France, 1-3 September 1993. Part of the contact of the 4b orebody with the enclosing Murray granite is characterised by the presence of recrystallised and biotitic Sudbury Breccia; in places the contact is faulted and sheared. In other areas of the contact partly silicified granite contains disseminated chalcopyrite and quartz-chalcopyrite veins with other minor minerals. Both ore and veins contain platinum group minerals (PGM); predominant PGM are michenerite, kotulskite, merenskyite and sperrylite with Au, galena and Bi-tellurides. At some silicified-granite contacts Mn-rich garnets, some containing inclusions of PGM and quartz, are associated with biotite + epidote + stilpnomelane + quartz. PGM and Au also occur within Cl-rich biotite and ferropyrosmalite in massive sulphide and in siliceous ore. Quartz, chalcopyrite and feldspar in the contact rocks and in veins contain abundant, highly saline fluid inclusions. Studies showed that the fluids were trapped at intermediate temperatures. The 4b orebody is surrounded by a sheath of brecciated granite but is close to the Contact Sublayer. During and after emplacement of sulphide magma, saline formational fluid that was resident in the breccia interacted with hot massive sulphides in and near the Sublayer and remobilised Cu, Au and PGE. This fluid reacted with cooler rocks and ore in footwall fractures, enriching the 4b protore and producing the adjacent Cu- and PGE-enriched quartz veins. Exploration for Cu and PGE enrichment in footwall rocks of the Sudbury South Range is warranted not only in zones of magmatic ore in the Contact Sublayer but also in fractures and permeable units within Sudbury Breccia

Jun 16, 1905

By Hirsch H. H.

Further discussion at the North of England Institute of Mining and Mechanical Engineers' general meeting held in Newcastle-upon-Tyne, 3rd June 1916, on the paper published in Trans. I.Min.E., vol.LI, 1916, p.61-71, comprised the author's written reply to comments at the April meeting

Dec 1, 1916

By Dean S.

Further discussion at the The Midland Counties Institution of Engineers' general meeting held in Nottingham on 6th May 1916, of the paper published in Trans. I.Min.E., vol.L, 1915, p.179, included brief oral contributions by Bragge G.S., Lewis W.H. and Hepplewhite W.H.

Dec 1, 1916