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By M. H. Moys

I had the good fortune to attend the above Conference which was held in Kanpur, India, on 11-15 December, 1995. The Conference was held in honour of Professor P.C. Kapur of the Indian Institute of Technology in Kanpur. Professor Kapur was one of the early students of legendary teacher and researcher of mineral beneficiation, Professor Doug Fuerstenau of the Department of Materials Science and Engineering at the University of California at Berkeley. I have attended my fair share of international conferences and this one certainly rated at the top of the list on several counts. With an open-hearted hospitality which one might almost take for granted once you have spent some time in India, the organizers of the Conference looked after every need of their guests, including breakfast and transport to and from the conference centre, wonderful traditional lunches and dinners and outstanding entertainment in the evenings. The papers were generally of a high standard, and debate flowed enthusiastically and freely. Several international guests delivered seminal papers in their fields as discussed below.

Jan 1, 1996

By K McLeod

{Figure 1} The Placer Dome-Western Areas Joint Venture?s South Deep Twin Shaft Complex, has been planned and dreamt of for nearly 20 years. [ ] The gold reserve at the bottom of these shafts is one of the largest single intact gold deposits remaining in the world today, containing an estimated 57 million ounces. This is about the size of the fictitious reserve created by inventive prospectors for the infamous BREEX scam in Kalimantan about ten years ago and about the size of the reserve Harmony claims as its own in it?s current hostile takeover bid for Gold Fields. So it is certainly of the magnitude that dreams are made of. [ ] {Figure 2} The unique orebody lies in a continuous, highly concentrated, thick deposit, an estimated twelve kilometres along dip and a two kilometre wide strike. Due to the thickness of some sections of the reef, up to 60 metres in places, bulk mining methods will be required for it?s extraction. [ ] {Figure 3} The twin shaft system comprises a main shaft which had an initial design depth of 2765m and a ventilation shaft of 2760m, making them the world?s deepest to be sunk in a single lift. The shafts were

Jan 1, 2005

By Brian Wyatt, Neil Webb, Marcel Roche, John Thirkettle

Recent developments in survey techniques and measuring equipment now allow for an accurate assessment of external coating condition and cathodic protection performance. These developments build on 20 years of experience of using Direct Current Voltage Gradient (DCVG) and Close Interval Potential Survey (CIPS) methods. The techniques use the latest advances in measurement systems coupled to a bespoke data processing system. The paper describes tests and trial surveys carried out on a hydrocarbon transmission pipeline in West Africa during 2005. The survey works described and conclusions drawn are from the data collected. Of particular interest are the apparent capacitance effects which are thought to occur under disbonded coating and the characteristics that these may show on the integrated CIPS and recorded DCVG profiles. This paper was originally presented at the Cefracor conference in Aix, France, in June 2006 The pipeline was originally installed on a phased basis between 1989 and 1994. The external coatings were three layer polyethylene factory coating and shrink sleeve field joint coating. An impressed current cathodic protection system was installed. The pipeline has subsequently been affected by disbondment of the coatings. It was a primary objective of the trials to attempt to identify such affected areas. In addition to a technically detailed account of the survey works undertaken and the results obtained the authors will consider the practical and commercial aspects of these surveys with input that provides a perspective from the specifier, pipeline surveyor, pipeline operations personnel and the pipeline owner. It is intended that the data presented will provide greater awareness of the benefits and limitations of the techniques used and their role for both stand-alone interpretation and the integration of the survey information with other inspection methods used for external corrosion assessment. The application of the described techniques is well developed and proven to locate and characterise through?coating defects and to provide a full audit of cathodic protection status. However, the possibility of the techniques being able to indicate disbonded coating is unproven and further tests and trials are planned which may allow a greater understanding of the electrical characteristics which are believed to be associated with disbonded coatings which may or may not be filled with an electrolyte. Further work is currently planned in West Africa, South Africa and Scotland in order to improve the understanding of this technique and to determine if the reported indications do actually represent a method of locating disbonded coatings. Keywords: External Coating, Cathodic Protection, DCVG, CIPS, corrosion assessment.

Jan 1, 2006

By M. Grave

Rock Engineers are required to design safe cost effective support systems and stoping layouts for their respective mines. As each stope has its own unique environment, continual re evaluation is required in all stopes to maximize extraction and achieve value from the support standard. This paper presents numerical modelling used to plan early mining within the shaft pillar and a reevaluation of an existing stope support standard.

Jan 1, 2009

By A. W. Cramb

A three-day symposium on the production of clean steel organized by The South African Institute of Mining and Metallurgy, was held in September 1995 at Vanderbijlpark. It was attended by 151 delegates, who represented the whole of the steel industry in South Africa: Iscor Works, Saldanha Steel, Columbus Stainless, Highveld Steel & Vanadium, Iscor Research & Development, University of Pretoria, and Technikon Witwatersrand, as well as the users of steel products were represented. Professor Allan Cramb held the delegates attention with well-presented research and practical information. He obtained excellent interaction with the delegates by responding in depth to the questions put to him during the Symposium. In summary, he emphasized the following aspects of the elimination of defects during the processing of steel in continuously cast materials.

Jan 1, 1996

By F. Hörtkorn, Y. Narainsamy

Rather quietly, a new generation of European norms dealing with earthworks has been developed over the past few years, in particular a part of EN 16907 pertaining to extractive waste. Whereas the majority of the parts deal with routine geotechnical aspects, one part deals specifically with tailings dams. The standard is currently in draft form but if this becomes a European Standard, members of the European Union are bound to comply with the regulations. As such, the standard has the capacity to influence mining in Europe and potentially in South Africa. In this paper we review the standard and compare it to the South African standard on mine residues and the recently published Global Industry Standard on Tailings Management (GISTM). We conclude found that although the European norm makes great strides towards increasing tailings dam safety, there is room for improvement. The current South African standard has served well since its inception, but can be improved by using concepts from the European and global tailings standards.

Jun 2, 2022

By T. Z. Sehume, J. R. Bunt, J. C. van Dyk, C. A. Strydom

"SynopsisCo-pyrolysis of four biomass samples (hardwood chip, softwood chip, pinewood chip, and sugarcane bagasse) with an inertinite-rich medium rank C South African coal was investigated. Proximate and ultimate analyses of the chars prepared using a heating rate of 10°C/min up to 1100°C in a nitrogen atmosphere were used to compare the properties of the biomass and the coal chars. Similar gross calorific values (28.5–29.1 MJ/kg) for the woody biomass-coal blended chars were observed, which were slightly higher than that of the coal char sample (26.5 MJ/kg). CO2 surface areas of the chars of the woody biomass samples (328.1–329.4 m2/g) and of the blends (238.5–271.5 m2/g) were higher than that of the coal char sample (94.2 m2/g). Thermogravimetric (TG), differential thermal analyses (DTG), and calculated weighted averaged TG curves indicated that the influence of the biomass on the pyrolysis rate of the coal is small and vice versa. The CO2-producing reactions of the coal were slightly enhanced during co-pyrolysis.IntroductionCoal utilization has led to rising concerns about adverse impacts on the environment (global warming) caused by toxic gases (H2S, SOx, NOx, and CO2) and remaining waste. Biomass is considered to be CO2-neutral with regard to the greenhouse gas balance, and is regarded as a renewable source that assists in reducing CO2 emissions when compared with coal (McGowan, 1991; McKendry, 2002). Biomass currently makes up approximately 14% of the world’s energy sources (McGowan, 1991; McKendry, 2002). Coal combustion and gasification are prominent processes in South Africa (in producing synthesis gas and energy) due to the abundance of coal in the country. Some of South Africa’s coal resources are, however, high in ash content and also are inertinite-rich, which renders them more difficult to use industrially than vitrinite-rich low-ash coal (Jeffrey, 2005; Strydom et al., 2011). There is a need to investigate the properties and behaviour of the inertinite-rich high-ash South African coals and especially their interaction with local biomass sources. The gasification process occurs through various stages, of which pyrolysis of the char residue forms an integral part (Bunt and Waanders, 2009). Currently, particular interest is shown in the co-utilization of coal and biomass to produce synthesis gas via the gasification process (Usón et al., 2010; McGowan, 1991; McKendry, 2002). Investigating the co-pyrolysis of the South African coal and local biomass material is thus the first step in evaluating the use of local biomass sources for co-gasification purposes."

Jan 1, 2015

Visit to the Modderfontein factory of A. E. & C. I. Ltd 23rd November, 1972 A full programme was arranged to suit both the mining and metallurgical sections of the Institute. After refreshments were taken and visitors welcomed by the factory management we were split into two groups, viz metallurgical and mining. Book review Stress-relief Heat Treatment of Vanadium Steels by Or G. O. Joy and Or A. M. Sage (21 pp, 77 references).

By J. J. Cilliers, J-A. Lamamy, J. N. Rasera, K. Hadler

Production of oxygen on the moon can be achieved by reduction of lunar soil. One such reduction technology, hydrogen reduction, favours a high proportion of ilmenite in the feedstock. Ilmenite is present in lunar soil as a minor mineral phase, but it can be upgraded using electrostatic separation. This study presents the results of a preliminary investigation into the operating parameters and sensitivities of a free-fall electrostatic mineral separator for lunar applications. Samples of ballotini and ilmenite as well as simple binary mixtures of the two were tribocharged on copper and passed through a uniform electrostatic field. The field is varied to change the electrostatic force acting on the particles. The proportion of material reporting to the positive electrode collectors, negative electrode collectors or the central collector was measured to determine the separation performance. The data confirmed that the charge transferred from the tribocharger to each species is in agreement with the triboelectric series; ballotini was found to charge positively on copper and ilmenite negatively. Particle-particle contacts were dominant, however, resulting in a somewhat symmetrical particle distribution in the collectors. These findings indicate that the copper tribocharger design requires optimisation in order to substantially increase particle-wall contacts. Four binary mixtures with feed grades of ilmenite ranging from 5% to 20% were prepared and tested. This study found that a higher ilmenite head grade resulted in a higher concentrate grade (26.3% from a head grade of 20%) with low recovery (3.4%). In contrast, the lower feed grade resulted in a low concentrate grade but higher recovery. The mass yield of ilmenite was 1.4 times greater for the highest-grade feed than for the lowest. A subsequent study into the reprocessing of middling fraction found a nearly constant relationship between cumulative grade and recovery. This is the first investigation into the effect of feed grade on the concentrate grade and recovery for lunar mineral processing. Keywords: Lunar resources, beneficiation, electrostatic, SRU, ISRU

Jan 1, 2020

By N. Nišić, A. Cvjetić, V. Jovanović, D. Knežević, D. Nišić

The risks associated with operating water reservoirs and tailings storage facilities (TSFs) are different because of their different purposes, methods of construction and operation, and characteristics of the materials impounded and their flow behaviour. Regardless of the differences, these two types of structures are often put in the same category when it comes to risk assessment and the application of relevant methodologies, which may result in unrealistic outcomes. In this paper we investigate whether it is possible to apply the risk ranking methodology designed for water reservoirs to TDFs and overview the key differences between these two types of structures. We also provide a comparative analysis of the results obtained by conducting a risk assessment of the operation of a TSF, applying the method recommended by the International Commission on Large Dams (ICOLD), and analyse the results using the failure mode and effects analysis (FMEA) technique. It is concluded that a more realistic evaluation of risk levels can be obtained by adopting a systematic approach to risk assessment in accordance with the traditional risk definition on which the FMEA technique is based.

Nov 30, 2022

By M. H. Dehghanpoor, M. Zivdar, M. Torabi

"A hydrometallurgical route was developed to extract metals such as gold, silver, copper, and selenium from anode slime from Sarcheshmeh Copper Complex in Iran. For the extraction of copper by leaching, the anode slime was heated and stirred with 4 M sulphuric acid in the presence of oxygen. Optimal conditions for recovery of copper were temperature 80°C, mixing time 5 hours, and oxygen flow rate 2 L/min, resulting in a copper recovery of 94.47%. Silver and selenium were dissolved by leaching anode slime from which the copper had been removed with nitric acid. For gold extraction, anode slime was heated with aqua regia at 90°, and the gold then extracted with 2-ethyl-hexanol at a concentration of 0.5 M and phase ratio of 4. The extract was then stripped with soda solution at pH=10.5 and a phase ratio of 5. Finally, gold was recovered by precipitation with oxalic acid at a ratio of mass to volume 10 g/L. Total gold recovery was 80%. IntroductionDuring the electrorefining of copper, some metals are accumulated in the byproduct anode slime, which is an important source for recycling and recovery of these metals (Petkova, 1994). In this paper, a hydrometallurgical route is described for the recovery of precious metals from copper anode slime of Sarcheshmeh Copper Complex, which is located in southeastern Iran .Copper anode slime is black or gray powder with a particle size less than 200 mesh. Approximately 2 to 20 kg of anode slime is produced per ton of copper cathode. The slime is characterized by higher amount of Ag, Se, Pb, and Cu compared to other metals and a very low Au content (Khaleghi and Ghader, 2013).The copper anode slimes are composed of 11.69% selenium, 3.93% copper, 5.26% silver, 0.13% gold, and 45% barite, plus lead, tellurium, antimony, sulphur, and silica with small amounts of nickel, iron, zinc, and bismuth. Gold is one of the most important noble metals due to its wide applications in industry and economic importance, so recovery of gold from slime is more appealing than that of other metals. According to the World Gold Council (2013), the demand for gold has increased during the last decade. This increase is due not only to the increasing demands of the jewellery market, but also to the increasing demand for gold in industrial as well as medical applications (Ranjbar et al., 2014)."

Jan 1, 2016

By T. Lee

The mining industry, both here and internationally, is continually developing increasingly sophisticated software to compute mineral resource estimates, but these processes cannot compensate for a flawed geological interpretation of the geology of the economic commodity(s) concentrations. Quality assurance and quality control (QA/QC) is becoming increasingly common in association with the sampling and assaying practices within the industry. However, it is rare in the case of a geological interpretation associated with mineral resource estimation. Why? In the context of this paper, QA/QC relates to the use of statistical and graphical tools to show that the geological economic commodity concentrations have been appropriately domained. Domaining is essential to improve the chance of getting a mineral resource estimate right. Commodity value and acceptable concentration variation within a mineral resource can be ingredients that make mineral resource estimation difficult to get right. But it is possible to get it right a very high proportion of the time. It is more likely to occur when inappropriate data consolidation is minimised. In any case, inappropriate data consolidation is significantly reduced when the geological interpretation is strongly consistent with the data and it is demonstrable. To achieve quality global estimates of geological domain concentrations, it is essential that the geology of the prospect is understood sufficiently that the deposit is appropriately domained. Appropriate domaining occurs when sample populations are separated in such a way that only data in harmony with each other within the population contributes to the domain's concentration estimate. The paper will use four brief case studies to illustrate how QA/QC can be used to display data and validate the underpinning geological interpretation through its associated domaining to get it right when it comes to a mineral resource estimation.

Jan 1, 2007

Slope stability is a fundamental part of a successful mining operation. It impacts directly on the safety of personnel and the economics of the mine. The Jwaneng Mine in Botswana is planning a push back of 644m depth in the south east wall. Mining will commence in 2010 and be completed in 2024. This will put the mine in the deep pit category. The mine has invested in extensive geotechnical data gathering and design programs that started as far back as 2003 for the south east wall. The south east wail of Jwaneng Mine is characterized by foliation that dips adversely into the mining faces. The orienta1ion of the foliation is variable due to intense tectonic movements that have also caused the occurrence of faults that are sub-vertical. A considerable amount of information on the characteristics of structural patterns and the rock mass has been collected. This paper presents an overview of the feasibility level geotechnical design that is about to be concluded.

Jan 1, 2010

By FT Cawood

The latest Draft MPRRB was released for public comment in October 2006. The main purpose of the Bill is to collect royalties at mines developed in terms of new-order mineral rights granted through the MPRDA process. The transition phase stipulated in the MPRDA will be completed by 1 May 2009, on which date mineral royalties will become payable to the state. The royalty rates stated in the MPRRB differ from mineral to mineral and also depend on the degree of refinement. Gold is the subject of this paper, where the royalty rate ranges from 1.5% (for refined gold) to 3% (for unrefined gold) of sales revenue. This royalty is payable regardless of profit, with a maximum 75% relief for loss-making mines. The purpose of this paper is to establish whether or not it would be necessary for gold mines to adjust their mineral reserve statements as a result of this Bill. The methodology is to add the royalty costs stipulated in the MPRRB to the actual quarterly information for the past ten years as reported by the gold-mine members of the COM. The rationale is to investigate the impact this Bill (in its current form) would have had on gold reserves that must be left unmined in the ground because of a higher pay limit. The results of the study point to a significant impact on reserves available for mining with the subsequent shortening of mine lives and retrenchment of workers. Had the MPRRB been effective for the 10 years prior to 1996, it would have resulted in 46 tonnes of gold being sterilised. Stated alternatively, 30 700 workers at COM gold mines alone would have lost their livelihoods.

Jan 1, 2007

By M. Hermanus, N. Coulson, N. Pillay

"SynopsisThis paper assesses the effectiveness of the Mine Occupational Health and Safety Leading Practice Adoption System (MOSH) and its potential to improve mine health and safety in South African mines. Developed by the Chamber of Mines, which represents the majority of the country's large scale mining employers, MOSH was devised to accelerate progress towards achieving health and safety milestones, which were set by tripartite agreement in 2003. The paper documents and builds on the findings of a study conducted by the Centre for Sustainability in Mining and Industry (CSMI) in 2011 that evaluated MOSH strategy, structures, and process of implementation.The study found that MOSH operated across the mining sector, was directed and dominated by experts and, despite best efforts to include other stakeholders, was led by employers. Statutory worker health and safety representatives and structures were not integrated into the complex change process developed by MOSH. The Mine Health and Safety Inspectorate (MHSI) and organized labour were ambivalent about direct involvement in MOSH and preferred regulatory measures to enforce the participation of mines. MOSH interventions were not targeted at mines with a poor health and safety record, and MOSH lacked a baseline from which to track impacts on sector-wide health and safety performance. The leading practices most widely adopted by mines were designed to improve, rather than fundamentally alter, existing practice. Although the depth of engagement with MOSH among stakeholders and on mine sites varied, mining companies, labour representatives, and the Mine Health and Safety Inspectorate (MHSI) saw the programme as significant.IntroductionIn 2011, the Chamber of Mines commissioned the Centre for Sustainability in Mining and Industry (CSMI) to evaluate the progress and effectiveness of the rollout of the Mine Occupational Health and Safety Leading Practice Adoption System (MOSH). CSMI, based in the School of Mining Engineering at the University of the Witwatersrand, is an independent research centre conducting health and safety research relevant to all major stakeholders in the mining sector. The purpose of the evaluation was to identify the factors that enabled or hampered the adoption of new technologies or practices. The timing of the evaluation, two years before the deadline for the 2013 safety and health milestones, allowed time for adjustments to be made. This paper summarizes the results of the evaluation and includes further analysis and discussion of the nature of the programme and the conditions that act to advance it or it hold back."

Jan 1, 2015

By S. Marx

More than twenty years ago Sasol, ISCOR, and some parastatals played a major role in ensuring that South Africa had sufficient technical skills. When the economy became tight and business and government were pressurized to decrease costs, the first budgets that were reduced were the training budgets. It seemed to be too expensive and too time-consuming to train apprentices. According to Stacey2, this is a major strategic issue facing the mining industry in South Africa. Two factors added to the shortage of skills challenge: ? Skills erosion and job losses ? Artisans ? currently the economy produces 5 000 but the need is 12 500 ? Level of mechanization in South Africa less than 10 per cent ? Average age of operators and artisans is 50 ? Greater awareness of occupational health effects of hand-held drilling. ? Workplace challenges ? The impact of HIV/AIDS and other employee wellness issues ? Changes and challenges in workplace environment i.e. the mining industry.

Jan 1, 2012

By A. Nhasengo

Paper written on project work carried out in partial fulfilment of B. sc. Eng (Mining Engineering) The purpose of this investigation was to assess the mining strategy for steep reefs at Mine A mine in 2005 and 2006. Reefs steeper than 35° were discovered when production commenced at the mine. At that time reefs steeper than 35° were not popular in South African tabular gold mines, therefore new techniques of mining them had to be developed. The underhand mining method was chosen for this purpose. The project was about assessing ventilation, support costs, local support cycles, adherence to the mine?s support standards, mine planning and efficiencies of the underhand mining method. The project work was covered by doing a literature research for underhand mining methods and performing a literature review of the mining methods, support methods, ventilation standards at Mine A. Underground visits were conducted at Mine A mine for data collection, and Mine B was visited to obtain information on support costs and efficiencies. During the investigation it was realized that the underhand mining method was an appropriate method for mining steep reefs; however, there were some challenges related to ventilation and support installation. Efficiencies could be realized with the underhand mining method and planning and scheduling were not different from breast mining.

Jan 1, 2007

By S. Burks

This paper develops the themes explained at the previous SAIMM Platinum conference by Whittle and Burks1. Optimization techniques can be used to significantly increase the value of mining businesses by enabling better long- term planning decisions. Open pit and underground mine design, mine scheduling, cut-off grade and blending, stockpiling, and the linking of these to flexible elements of the metallurgical recovery processes are all evaluated together. Transport or sale of intermediate products and the requirements of the product metal markets can also be considered. Experience shows that net present value (NPV) can potentially be increased by 5-35 per cent or more, usually even before the expenditure of significant amounts of project capital. The case studies presented include: ? An existing operation with multiple open pits and PGM concentrators linked to offsite downstream processing facilities, and with infrastructure constraints for which the scheduling of current operations and the potential for expansion were investigated ? An existing operation with an integrated portfolio of mines, concentrators, smelter and refinery, for which the various possible sources of ore for processing were prioritized to match the downstream process plant constraints and the product markets ? An underground operation in Zimbabwe for which the optimum mining width was calculated and expansion plans were evaluated ? An underground mine with many separate mining sections, for which a revised schedule was developed aiming to keep the shaft system and processing plant at capacity with the highest net value material available at any time throughout the life of mine. In the concluding section of the paper, a few brief notes are included suggesting how the strategic recommendations from enterprise optimization studies may be implemented by the Owner?s team.

Jan 1, 2012

By Z. Gxowa, L. H. Chown, U. Curle, G. Govender

This work evaluates the deformation behaviour, at warm working temperatures, of green particle-reinforced aluminium composites produced by powder blending in a high-energy ball mill. The work focuses on metal matrix composites (MMCs) based on the 2124-Al alloy, reinforced with 10 or 15 vol.% SiC and metal matrix nanocomposites (MMNCs) based on the 2124-Al alloy, reinforced with 5 or 10 vol.% Al2O3. Three batches for each powder were blended and powder properties such as particle size distribution (PSD) and shape were consistent after blending. It was observed that a more uniform distribution of the reinforcement phase in the aluminium alloy matrix was achieved in 2124-Al/Al2O3 than in 2124- Al/SiC composites. The powders (unreinforced 2124-Al and blended) were initially over-aged at 350°C for 2 hours to reverse any natural ageing that may have occurred prior to use. The over-ageing was incorporated to improve compressibility of the powders with the aim of achieving green compacts with higher integrity. Uniaxial compression tests performed at ambient temperature on a Gleeble® 3500 thermomechanical simulator were unsuccessful as the green compacts fragmented. Engineering stress-strain curves showed that green compacts of unreinforced 2124-Al, 10%SiC MMC and 5%Al2O3 MMNC deformed in a similar manner at ambient temperature and had the same compressive fracture stress of approximately 170 MPa. When the deformation temperature was increased from ambient to warm working temperatures (170–280°C) it was observed that electrical resistance heating (the heating mode of the Gleeble®) of unreinforced Al alloy, MMC and MMNC green compacts did not occur. This was attributed to the high electrical conductivity of aluminium, which resulted in poor heat generation due to the low electrical resistance in the samples. It was presumed that the small sample size (d=8 mm, h=12 mm) also caused rapid heat loss. After further experimentation, the green compacts were heated successfully by insulating the samples to retain heat. It was found that at 280°C, increasing the soaking time from 6 to 20 minutes decreased flow stress and improved plastic flow in the 2124-Al/10%SiC green compact.

Jan 1, 2016

By S-J. Park

When evaluating mining investment opportunities, one should consider the risks associated with mineral exploration and development. These are commonly classified as technical, economic, and political risks, and are accounted for in the investment decision by changing the discount rate. Thus, a company may use different discount rates associated with varying risks in order to compensate for the variability of success. The discount rate has a tremendous effect on the economic evaluation of mineral projects. Even when all other factors used as inputs for calculating the NPV (net present value) are equal, the project under consideration may be accepted or rejected depending upon the discount rate. Determining a realistic discount rate for a given project is therefore the most difficult and important aspect of cash flow analysis. It should be determined with the consideration of proper technical, economic, and political conditions surrounding the specific project undergoing economic evaluation. One key problem for determining the appropriate discount rate is that it typically depends more on subjective perception of the degree of risk or other experience factors than on a systematic approach. Thus, this study aims to identify, analyse, and document the type, role, and impact of risk factors influencing the determination of discount rates, and then to determine discount rate by using the aforementioned factors.

Jan 1, 2011