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Portfolio management tends to separate the functions of Asset Allocation and Stock Selection, so the person responsible for reviewing an expert's report on a company would typically be choosing between companies rather than between a company and cash or bonds. How these choices are made depends on the investment time horizon, philosophy and style. Two styles, momentum investing and value investing are contrasted and the role of valuation methods within the framework of each style is evaluated. Finally, pricing is distinguished from valuation.

Jan 1, 1994

A portable electronic instrument was developed which will measure change of longitudinal wave velocity with change of uniaxial stress in rock columns. The instrument is a solid-state device powered by nickel-cadmium batteries. It uses a probe of two piezo-electric crystals spaced inches apart to send and receive a pulse through a stressed rock. A one-inch cathode ray oscilloscope visually displays the longitudinal wave. A reference chart is used to find the stress. Laboratory results have indicated that the average stress on a sandstone column can be found to within 35 psi. The feasibility of using this instrument to determine stresses in mine pillars is to be studied. The instrument may be used to investigate physical properties of rock.

Jan 1, 1970

By W. W. Vaughn

In the technique described and evaluated, detection of mercury is based on the principle of atomic absorption. An analog signal, produced when mercury vapor absorbs ultraviolet light, is converted to digital form and calibrated to mercury concentration. Interferences are eliminated by selectively trapping the mercury on gold. The lower limit of sensitivity, using a 1-gram sample, is 5 parts per billion. A model of the instrument mounted in a station wagon has been tested successfully in the field.

Jan 1, 1964

By John F. Abel

Convergence measurement across the 17.4 m (57ft) high shaft station/loading pocket at Mt. Taylor provided continuing verification of stability and safety. Three levels of instrumentation, consisting of three lines each, were installed and monitored. The instrumentation showed that the flexible lining restrained the adjacent rock. The flexible lining consisted of pea gravel with neat cement between rock and liner plate, wooden crush blocks between liner plate and steel ring beams. The loading pocket is elliptical, 11.6 by 9.6 m (38 by 31 1/2 ft) I.D. The crush blocks were designed to allow 15 cm (6 in.) of convergence. Maximum predicted convergence was 7.0 cm (2 3/4 in.) and 5.7 cm (2 1/4 in.) was measured. Convergence measurements also demonstrated decreasing deformation with respect to elapsed time and distance from the measurement station to the temporary bottom of the shaft excavation.

Jan 1, 1984

By M. Kane, B. Bissonnette, D. Hodouin

"A laboratory cell has been designed for a careful investigation of gold ore cyanidation using mathematical modelling of the process kinetics. The cell is a stirred vessel with continuous monitoring and control of pH, oxygen and free cyanide contents. Samples are automatically extracted for gold analysis. The instruments are connected to a microcomputer which records all the measured variables and calculates the reagent consumption (air or oxygen, cyanide, lime). For cyanide control a sample is automatically extracted and filtered and the solution analyzed, using a specific electrode, by a flow injection technique. The rate of gold dissolution is modelled using a kinetic model the parameters of which are calculated by a non linear least-squares technique. The parameters of an empirical model of reagent consumption are also estimated. The resulting model is used in a simulator for gold cyanidation plant design, tuning and control.INTRODUCTIONThe leaching of gold ores in a cyanide solution is the usual method for gold extraction from raw ores. This process requires long reaction times and leads to very significant consumption of cyanide. The optimization of the cyanidation plant operation is a very important aspect of gold ore processing for increasing gold recovery and decreasing operating costs. The key parameters to the improvement of gold extraction are the selection of an efficient solution chemistry, the design of the size and the arrangement of the equipment and the correct tuning of the operating variables. Automatic control strategies can then be applied to maintain industrial operations at their optimum setpoints.Two approaches can be used for optimizing design and control of cyanidation circuits, either empirical trials for improving process performances or mathematical modelling of the process kinetics for subsequent analysis, simulation and optimization. The advantages of the second approach, which is used in this study, is that it gives a systematic pattern to interpret data and reliable tools, in as much as the models are good, to improve operation performances. In order to determine the structure and the coefficients of cyanidation models, well controlled measurement and calibration procedures must be used. The purpose of the paper is to present an equipment and a test procedure for modelling the kinetics of gold ore cyanidation."

Jan 1, 1990

By A. Ball

A fully instrumented laboratory drilling machine is described. It is designed to produce realistic drilling conditions with diamond microbits of 20 mm diameter. A computer-controlled data-logging system records the net power consumption, rotational velocity, bit thrust, torque, and penetration rate. Tests can be conducted under conditions of set thrust and rate of advance. In the tests reported, there is a significant correlation between the rock drilability and the measured rock properties of relative abrasion resistance and uniaxial compressive strength. Wear of a diamond bit is a crucial factor that cannot be determined simply from rock properties. Realistic drilability testing with appropriately scaled microbits is a convenient and economical way of evaluating diamond-bit performance and determining rock drilability.

Jan 1, 1990

By J Zhou

This paper discusses the implementation of a mixed integer linear programming model for a coal preparation plant. The plant considered consists of primary and secondary heavy media cyclones, hydrocyclones for intermediate fines and froth flotation for the very fine material. The model is designed to optimise the plant settings and product flows to maximise revenues for a given specification for two product outputs. The model can deal with bonus/penalty aspects of the product pricing for products that exceed or fail to meet specification. We report on a model with two separate coal feeds with parallel circuits for the oversize, intermediate and fines streams. The genesis of this model is more than 30 years old but recent improvements in mixed integer programming solvers make a full mixed integer formulation practical. The original model began as an enumeration of cut points with arbitrary rules for product allocation. The product allocation was improved in a linear programming formulation by Gunn (1982) and Sarker (1991 and 1995). Current mixed integer programming capabilities make it possible to replace the enumeration aspects and solve directly as a mixed integer programming problem. The current implementation uses a general purpose modelling language to formulate the model. Open source and commercial mixed integer programming solvers are compared

Sep 26, 2011

The Department of Mineral Resources is the lead agency in mine site environment management and control inNew South Wales. The Department introduced a Mining, Rehabilitation and Environmental Management Plan (MREMP) process several years ago in order to integrate the activities of other government agencies who may have a material interest at the mine site. The MREMP process has resulted in a spirit of trust and co-operation between agencies and between agencies and mining companies. The spirit of co-operation has been reflected in greater public confidence that mining is environmentally responsible.  

Jan 1, 1995

By G J. Wilkie, P A. Revell

The R&D landscape for ore pre-concentration technologies within mining is characterised by the development of individual technologies and point solutions. This presents METS and mining companies with the combined challenge of understanding how to apply pre-concentration technologies to create maximum value, and how to sustainably integrate the technologies into their businesses to maintain the value. The paper will consider the requirements of an integrated pre-concentration system and presents a portfolio of R&D projects that have co-developed and integrated a suite of new precencentration technologies and methodologies across the mining value chain. Focus areas include in-situ orebody characterisation, blast design, real time cross belt mineral sensing, and consideration of how much data needs to be acquired in order to make value based decisions between ore pre-concentration options. An ore pre-concentration workflow is presented to demonstrate how additional optimisation opportunities are enabled both by moving decision points further upstream in the value chain, and by integrating the concepts of pre-concentration into the design of mineral processing equipment. Additionally, several research projects examine the non-technical factors that present barriers to uptake of new technologies within mining companies. Organisational culture, risk management and socio-political factors are discussed and a set of management tools are presented that allow organisations to self-assess their readiness for new technology uptake, along with process models to assist management with identifying and navigating the ecosystem of stakeholders that are decision makers in the use of pre-concentration technologies.

Nov 10, 2020

By N. F. Mashinini

Optimization of current control systems, proper maintenance and efficient training of personnel are recommendations made to control the amount of dust that underground employees are exposed to on a daily basis in the coal mining industry. This dissertation forms as part of Sasol Mining?s commitment to protect the health and safety of their employees by suppressing and controlling dust at their mines. This study aims to understand the relationship among mining processes, exposure to dust and dust suppression control measures. The research phase of the project was done at the Sasol Mining Secunda complex where underground visits were undertaken to investigate current control systems and also new systems that are being implemented by Sasol Mining. This work was important because it helped determine the sources of dust underground and also to identify the shortcomings of current control systems and to test the efficiencies of the new systems implemented at Sasol Mining. The most important result of the research work was the identification of which underground operators were exposed the most to dust as this assisted in designing a dust suppression system for the areas where these operators worked. The main conclusions of this study are that the current control systems are sufficient for controlling dust and ensuring dust compliance if they are used efficiently and maintained properly.

Jan 1, 2008

By L. Linzer, J. Oelofse, T. Rangasamy

Extraction of isolated blocks of ground with elevated levels of stress and/or seismicity is a common occurrence in South African gold mines. Isolated blocks of ground that are divorced from the main orebody and are bound by complex, dip and strike parallel, non-persistent geological structures dominate the Klerksdorp gold fields. No quantifiable methods exist to assess the risk associated with mining these and other classes of remnants. A case history, from a gold mine that planned to extract three remnant blocks hosted in a large complex fault system, is used to illustrate the decision making process based on a combination of underground observations, numerical and seismic techniques. Simple risk estimation matrices were developed and used to estimate remnant-mining risk and finally to quantify the decision on which of the three remnant blocks could be extracted at the lowest possible geo-mechanical risk. Il est courant dans les mines aurifères sud-africaines d’extraire des blocs de terrain isolés qui possèdent des niveaux élevés de contraintes et/ou sismicité. Les régions aurifères de Klerksdorp sont dominées par des blocs de terrain isolés qui sont séparés du gisement principal et qui sont retenus par des structures géologiques non continues, à parallèle de pendage et direction, et complexes. Il n’existe pas de méthodes quantifiables pour évaluer le risque associé à l’extraction de ce genre et autres genres de résidus. Une observation de cas, celle d’une mine d’or qui avait l’intention d’extraire trois blocs de résidus qui se trouvaient dans un grand système complexe de faille, est utilisée pour illustrer le processus décisionnel basé sur une combinaison d’observations souterraines, et de techniques numériques et sismiques. Des matrices simples d’estimation de risque furent développées et utilisées pour estimer le risque lié à l’extraction des résidus et finalement pour quantifier la décision sur lequel des trois blocs de résidus pouvait être exploité au moindre risque géo-mécanique. Die Extraktion isolierter Gesteinsblöcke mit erhöhtem Spannugsniveau oder Seismizität ist in südafrikanischen Goldminen üblich. Isolierte Gesteinsblöcke, die von der Haupterzader getrennt und durch komplexe, parallele abfallende und horizontale nicht persistent geologische Strukturen gebunden sind, beherrschen das Klerksdorp Goldfeld. Es gibt keine quantifizierbare Methoden die das Risiko welches mit dem Abbau dieser und anderer Klassen verbunden ist beschreiben. Eine Fallstudie einer Goldmine, welche die Extraktion von drei in einem großem komplexen Verwerfungssystem eingelagerten Einschlußblöcken plante, wird verwendet um den Entscheidungsprozeß zu illustrieren, der auf einer Kombination von Untertag Beobachtungen und numerischen und seismischen Techniken basiert. Einfache Gefahreinschätzungsmatrizen wurden entwickelt und angewendet um das Abbaurestrisiko abzuschätzen und letztendlich die Entscheidung zu quantifizieren, welcher der drei Einschlußblöcke unter dem niedrigst möglichen geo-mechanischen Risiko extrahiert werden konnte .

Jan 1, 2003

By K. Ghyselbrecht, R. Swennen, Y. W. Chiang, V. Cappuyns, R. M. Santos, T. Van Gerven, B. Meesschaert

Heavy metal contamination from mining and metallurgical activities of aquatic systems poses significant risk to the environment and human populations. The investigation of the distribution and immobilization mechanisms of heavy metals in sediments and soils has recently attained high priority. Different remediation methods can be employed to suppress or eliminate these contaminants. A tailored approach using both commercially available and in-house made adsorbents to rem ediate a heavy metal contamination site due to historical metallurgical activities in north Belgium is studied in this paper.

Jan 1, 2011

By Amin Mousavi, Soroush Khazaei, Yashar Pourrhimian

As a factory-like method, sublevel caving consists of development activities, stockpiling and production activities that are carried out on different levels independently. Therefore, considering the operation from the development phase to the plant will lead to more reliable production scheduling. This paper presents a mixed integer linear programming framework for the long-term production scheduling of sublevel caving that maximizes the net present value while satisfying development activities, mining, and processing capacities, continuous mining, the allowable number of active mining units, grade blending, and vertical and horizontal sequencing. The model is coded in Jupyter Notebook and is solved using the CPLEX solver.

Jun 25, 2023

By Y. Luo

Based on the concept of slope stability analysis, a formula for determining an important parameter required in the mathematical model for the prediction of mining subsidence in hilly terrain has been proposed. The slope geometry and soil physical and mechanical properties of the surface natural slope can all be considered in the formula. Incorporation of this new formula into an existing mathematical model provides an integrated approach in studying ground movement in hilly regions.

Jan 1, 1998

By А. Klemyatov, T. Vologdina, U. Gordeeva, S. Zbinets, А. Kalugin, N. Rozhdestvenskiy

The plants integrated in the PhosAgro group of companies perform processes from scientific research to the project, from ore mining to shipment of fertilisers and feed additives to consumers. An extensive process chain maintains smooth interaction at all stages from research to production. As an example, the paper shows the revamp of two beneficiation plants (ANOF-2 and ANOF-3), requiring a comprehensive approach to task solving. The intention of the revamp was to increase the total yield of apatite and nepheline concentrate, taking into account the gradual decline in the quality of ore being processed and ensuring the yield stability of final products during re-equipment of the plants. At ANOF-3, the crushing and grinding cycle was modernised, the production of nepheline concentrate was implemented, and the capacity of apatite flotation, dehydration, and drying was increased. At ANOF-2 a new process chain was implemented for the production of apatite concentrate in workshops previously used for the production of nepheline concentrate. The main building was withdrawn from operation, where ore grinding, apatite flotation and apatite concentrate thickening had been carried out. The total increase in apatite concentrate yield at two beneficiation plants was 1.3 times. A further increase in concentrate production is planned. Keywords: Apatite, nepheline, fertilisers, beneficiation, flotation, column flotation machines, revamp, fine screening

Jan 1, 2020

By Gaspard Devos

1. A NEW CONTEXT FOR METAL INDUSTRY Producers and owners of industrial extractive sites are living hard times due to Environmental pressure and liabilities. This is valid whatever the region in the world, it is just a question of time. On one hand, the normative environmental pressure is increasing through more severe regulations and controls on all pollution sources and production materials. [ ] Furthermore, more impurities are extracted and captured, more the volume of the related wastes is increasing. But disposal costs are increasing, disposal areas for wastes are restricted, markets for wastes are limited and technologies for waste treatment are, most of the time, not available. On the other hand, for most of the extractive industries, the costs required to get access to refine primary raw material are killing the profitability of the industry. Definitively, a technological and economical breakthrough is ongoing: extractive industries have to increase their feed from secondary material and to be involved more and more with the recycling business.

Jan 1, 2005

By Michael J. Rinker, P. A. Tibble, M. Wiseman, R. V. Nicholson

Tailings, from an active copper-zinc operation, containing about 10% sulphur were investigated to assess the onset of acid production and potential lime requirements for treatment of drainage. Oxygen consumption rates were measured over two years to verify spatial and seasonal variations in sulphide oxidation rates. Shallow cores were collected to assess the quality of tailings porewater and to characterize solids that had been subjected to oxidation and depletion of neutralization potential (NP) for several years. Oxygen consumption data were used to quantify rates of NP depletion and onset of acid drainage from the near- surface tailings. Based on measured oxygen consumption rates and identification of NP remaining in the tailings, future lime use in the treatment plant was expected to rise significantly without mitigation. Geochemical modeling calculations were calibrated with observed oxygen consumption rates and the model results agreed well with actual lime use in the waste water treatment plant during operations. The modeling also demonstrated the benefits of lower lime demands and treatment costs after closure as a result of construction a soil cover on the acid generating tailings.

Jan 1, 2000

By Brian Penney

"The Iron Ore Company of Canada (IOCC} has mined and processed an iron deposit in Western Labrador along the Labrador-Quebec border since the early 1960' s. Current capacity is approximately 19 million tonnes of concentrate, 70% of which is converted to pellets at these facilities.The ore deposits are located in hills rising 150 to 300 meters above the adjacent lakes, and most of them are covered by very little overburden. The iron minerals are mainly specular hematite and magnetite hosted in a quartz formation. Crude ore averages 40% Fe that is concentrated to 65.5% Fe. IOCC is an extensive operation extending from Labrador City NF to Sept-Iles Quebec. It consists of open pit mining, concentrating, pelletizing, railway, and dock loading facilities.The Concentrator liberates iron from the silica by crushing and grinding the ore to -14 mesh (-1190 microns}. Ground ore is concentrated in spirals and filtered for transportation. Spiral tailings are treated in a Magnetic Recovery Plant (Mag Plant} that recovers lost magnetite. Mag Plant tailings are treated in a Hematite Spiral Plant (Hem Plant} that scavenges fine iron remaining in this stream.This report deals with ongoing iron recovery initiatives within the ConcentratorIron Losses in the ConcentratorIron recovery at IOCC is approximately 70.5%. This compares with recoveries that range from 65% to 86% for other iron mines in our area. Other world large iron ore producers dig and ship concentrate quality ore directly out of the ground and have an effective recovery of 100%. With increasing costs for labour, equipment, and supplies an increase in iron recovery is required to keep the operation viable.More than 90% of our iron concentrate is produced by gravity separation using spirals. The physical characteristics of the iron minerals that most effect recovery are mineral grain size and degree of liberation. We divide ground ore into three size categories -coarse, intermediate, and fines. A brief description of each size fraction follows:"

Jan 1, 1996

By M. Santaluce

"The revamp of critical process assets that require a significant plant outage (shutdown) presents a unique and demanding set of challenges for plant operators. They are executed in a more complex Brownfield environment, typically with limited working space and often involve unknown conditions or scope. For plant operators, such a project is often a high cost event both in terms of opportunity cost of lost production and the resource cost of labor and materials. It can also be a high risk event in terms safety, environment, and future plant reliability/availability. This impacts current and future performance or Overall Equipment Effectiveness (OEE). In our experience, the sequential nature of the EPCM approach does not provide the proper framework to facilitate the level of coordination, stakeholder cooperation and detailed planning required to adequately address the construction and shutdown complexity of a critical asset revamp projects. This paper proposes a more integrated approach to handling shutdown revamps of critical assets. Its main thesis is to involve the key performing stakeholder groups early in the project lifecycle (engineering team, procurement team, construction team and plant operations) to form an integrated shutdown management team that is focused on ensuring delivered results are aligned with project objectives. In this model, the construction team executing the shutdown/construction is preparing the detailed shutdown/construction planning concurrently with detailed engineering and procurement planning. This allows construction/shutdown requirements to influence engineering and procurement, with the desire to optimize safety, speed, quality and cost. The paper also discusses how to overcome the procurement hurdle in applying such an approach. The outcome of this integrated approach is better planning, coordination, communication and alignment between the project stakeholders, a shutdown/construction driven planning approach that more fully addresses the challenges of these projects and delivered results that are aligned with project objectives."

Jan 1, 2015

By M Kent, D Elder, J Woodward, R Edwards, B Catto

At Tropicana gold mine (TGM), mine planning is completed from ‘one source of truth’ known as the Integrated Planning Model (IPM). The IPM is a block model which forms a core component of the TGM Mine Planning System – used for short, medium and long-term mine planning cycles, and for Mine to Mill reconciliation.The IPM was developed from a desire to consolidate long-term information contained in mineral resource and ore reserve models, with short-term information from the grade control processes, including grade control models and ore polygons.The IPM is informed initially by resource models, upon which the longer term budget and schedules are based. The IPM is routinely updated with grade control models and ore design information, providing increased confidence for short to medium term mine planning. In this format, the IPM also provides a framework for reconciliation of resource performance with grade control, mining actuals and mining schedules, and ultimately milling. As well as a means for analysing past performance through reconciliation, it has proven its worth as a predictor of variation and an input to successful schedule sequencing and change management. The IPM is a critical component of the TGM Mine Planning System, providing a centralised framework for short interval mill feed prediction through to life-of-mine (LOM) planning.Current development of the IPM is working towards incorporating Mine to Mill optimisation and real-time material tracking projects at TGM. If successful, the model will provide a truly powerful mine planning data source. Current development outlines a mechanism for tracking material from Mine to Mill, and for transferring mill performance data back to the IPM. Increasingly advanced material classification and mine planning, incorporating the multiple geometallurgical variables, will enable the mine to provide consistent mill feed products and result in a steady state and optimised mill.This paper outlines the vision, creation and benefits of the IPM at TGM. It also introduces the ongoing developments to ensure the IPM becomes only more relevant to successful and integrated mine planning as TGM matures from the new kid on the block to the old hand in the neighbourhood.CITATION:Catto, B, Elder, D, Edwards, R, Kent, M and Woodward, J, 2017. An integrated approach to mine planning – building the integrated planning model at Tropicana gold mine, in Proceedings Tenth International Mining Geology Conference 2017, pp 305–314 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Sep 20, 2017