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By R. Tinsley

Project-finance risk assessment is mature and approached systematically. Mining industry due diligence remains fragmented with specialists addressing different aspects of the project such as reserves/JORC, environmental impact, commodity market, even financial analysis/ modelling. Each professional has a natural tendency to believe that the risk factors they have examined are the key ones necessary to be reviewed, as if their review will stand in isolation from others in the way a project materialises. By first laying out the project risk categories and risk matrices, this paper examines the due diligence process with a keen eye to the risk assessment and overlap/interaction. Some cross fertilisation of due diligence techniques from other industry sectors is placed into the mining context. Six case studies are then presented with regards to due diligence features in each project's feasibility review or financial information/ offering memorandum. A power case first shows the differences between the due diligence expectations of banks versus bond financings. Then some Australian and Indonesian mining development cases are analysed to see the due diligence learning points. Some of these were project/due diligence failures. The conclusion focuses on the value of a systematic risk assessment for project evaluation, all from the project-finance perspective.

Jan 1, 2007

By P. J. van Staden, T. W. Walker

The Minfurn is a novel carbon-regeneration furnace developed at Mintek. It combines the advantages of direct resistive heating in a vertical-tube furnace with those of continuous operation, in a furnace whose capital, operating, and maintenance costs compare favourably with those of conventional rotary kilns. After successful tests under experimental conditions on carbons containing different contaminants, a 3 kg/h unit was installed on the carbon-in-pulp (CIP) plant at the Klipwal Gold Mine near Piet Retief, where it has been operating at, on average, 123 per cent of its design capacity. Since the installation of the Minfurn, monthly average losses of dissolved gold of less than 0,02 p.p.m. have been maintained for several successive months for the first time since January 1989. It is also possible that the monthly average residue values have been reduced. Further improvements to the carbon circuit are possible, and the possibility of making further savings by a reduction in the carbon-throughput rate still needs to be investigated. The mathematical modeling of the furnace has progressed to the stage where the future scale-up and design of the Minfurn can be carried out by simulation of the performance of different designs, and choosing the design that yields the desired performance.

Jan 1, 1993

By W. F. Heinz

The efficient and effective handling and logistics of materials for underground support is an important part of mine mechanization and automation. Support systems based on backfill material or grout slurries and pastes transported underground through pipelines (ranges) lend themselves to a large degree of mechanization. In contrast the installation of conventional support systems such as props, timber packs, brick packs etc., requires more handling and hence is labour intensive and more costly. RODIO/ROSOND has developed and improved significantly its high density slurry/low density paste conveyance system on surface and underground during recent years. The surface batching and pumping stations are computer controlled and operate with a minimum labour complement. The RODIO/ROSOND grout pack support system has some unique features such as the use of relay stations, which result in the following distinct advantages and benefits to mining operations: • No interference with shaft operations • No grout ranges under high pressure in shaft • Efficient reticulation from underground relay stations • Low capital cost • Better control of quality of materials (high density slurry/low density paste) placed • Proximity of the working place to the relay station facilitates control of installation. These specific characteristics of RODIO/ROSOND’s grout pack support system have resulted in more economical support for several mines in South Africa and Australia.

Sep 1, 2001

In many practical situations, the samples available to estimate a block of ore are not located on a regular grid. The sample sizes and orientations are not constant, and the number and relative position of the samples used for valuation of each block change from block to block. Estimation of a block W might be very complex and time consuming if each sample in the neighbourhood of the block were considered individually. A practical solution consists of grouping the samples in blocks Wi (i = 1, 2, . . . n) in the neighbourhood of W, and estimating µw as a weighted average of the mean xi of the samples in Wi. Possible ways of grouping the samples are illustrated in Fig. 1 1.1. More complex patterns can be found in the literature (Krige, 1966) To calculate the kriging estimator of pw, we must be able to calculate the variance of xi, the covariance of xi and xj, and the covariance of xi and pµw. The purpose of this chapter is to show how these quantities can be calculated when we ignore the position of the samples in the block Wi. We consider the samples to be randomly distributed in Wi; kriging with this assumption is known as random kriging.

Jan 1, 1978

The Centenary Distinguished Lecture was held on Thursday, 24th March, 1994 at the Convention Centre of the Sandton Sun, Johannesburg at 20:00. Herewith the proceedings that followed. P.R. Janisch: The South African Institute of Mining and Metalurgy began life one hundred years ago tonight, and eight years (almost to the day) after the 1886 discovery of gold, which has impacted so profoundly on the course of events in our country since then. The Early Years That discovery was a mater of fortune, but not in the sense of the conventional prospector's lucky strike. Canny explorers, such as the Strubens, had been around for some years and, if George Harrison had not stumbled over the Main Reef when he did, someone else would surely have done so within months. The element of luck was that the gold-bearing rocks of the Witwatersrand actually lay exposed to sight. We now know that they are something of the order of 2,5 billion years old. Rocks of that age are usually covered by younger formations. In fact, the bulk of the Witwatersrand Basin is covered by lava, dolomite, and Karoo measures. What, one wonders, would our history have been had the Karoo, which stops at the Vaal, extended no more than 60 kilometres further north. Dr H. Scot-Russell A piece of advice attributed to Paul Kruger, the who was President of the South African Republic one hundred years ago, was the following: 'Seek from the past that which is good, and build on it for the future'. It is advice that can be applied universally and, whether deliberately or not, it must have motivated my predecessors when this Institute celebrated its 40th, 50th, and 75th birthdays. Those milestones were each marked by retrospectives, as Peter Janisch has so ably presented tonight on our hundredth anniversary. The parallels do not end there. We find ourselves in times no less daunting than those our predecessors. Next month will see the birth of a new kind of South Africa; so did May 1902, May 1919, and May 1948.

Jan 1, 1994

By C. G. Schmidt, N. W. Hanf

Many of the pyrite concentrates produced at South African gold and uranium mines contain economically significant amounts of nickel, copper, and cobalt, apart from gold and uranium. In some cases these concentrates are leached for uranium, followed by roasting and cyanidation of the calcine for the extraction of the gold. Even if their intrinsic value is excluded, the presence of appreciable amounts of base metals can lead to excessive consumption of cyanide and zinc in the conventional process for the recovery of gold from calcines. The extent to which base metals, particularly cyanocides in the calcine, can be made soluble in water or in dilute acid by variation of the pyrite roasting conditions was investigated. An important finding of the investigation was that the conditions producing favourable base-metal sulphation (and hence solubility in water) also produced good sulphation of the uranium values that had not been extracted in a conventional leach of the original pyrite. Thus, if the pyrite is subjected to a sulphating roast followed by quenching in water (or dilute acid), it should be possible for the uranium to be extracted in improved yield. The need for leaching of the pyrite would therefore fall away. It was noted that sulphation roasting also resulted in improved gold extractions when the calcine was subsequently subjected to conventional cyanide-extraction procedures. From well-sulphated calcine, the dissolution of base metals and uranium appeared to be fairly independent of leaching pH, time, and temperature. On an inadequately sulphated calcine, Iow pH values during leaching gave increased extraction of copper and uranium but did not have a significant effect on the dissolution of nickel and cobalt. The extraction of uranium increased with increasing leaching time and temperature, while only longer times at a Iow pH value markedly improved the extraction of copper. The extraction of cobalt was fairly independent of leaching time and temperature, but the results were insufficient for a conclusive evaluation to be made of their effects on the dissolution of nickel. A cursory economic assessment 'indicated that sulphation roasting applied to the pyrites investigated is likely to be very profitable.

Jan 1, 1979

By T. F. Muller

In recent years, a great deal has been written and spoken, both in our country and overseas, about the dangers posed to the environment and the ecology by mining operations. The object of this address is to put this problem, and it is a real problem, into reasonable perspective. I shall try to present the various facets that merit consideration as objectively as possible. In doing so, I shall examine the following factors: Book review National Coal Board. Gate belt conveyors. London, H.M.S.O. (Price 95p.) Although the preface of this handy little book states that it has been written for the guidance of miningoperation trainees, it will prove valuable to the practising engineer as well. NIM reports Report no. 1733 A mineralogical investigation of weathered carbonatite from Salpeterkop. (14th Apr., 1975; re-issued 28th Feb., 1978). Report no. 1823 The recovery of gold and pyrite from a residue dump at Crown Mines. (10th Jul., 1976; re-issued 28th Feb., 1976). Report no. 1829 An investigation of weathered carbonatite from Salpeterkop. (20th Jul., 1976; reissued 28th Feb., 1978). Report no. 1932 A BASIC computer programme for the evaluation of intensity data from the Telsec Lab-X-250 Analyser. (12th Jan., 1978). Report no. 1940 The extraction of the noble metals with n-octylaniline, and its application to the analysis of platinum-bearing materials. (30th Jan., 1978). Report no. 1945 Analyses of the NIMROC reference samples for minor and trace elements. (28th Feb., 1978). Report no. 1945 Analyses of the NIMROC reference samples for minor and trace elements. (28th Feb., 1978). International futures conference A conference entitled 'The Road Ahead' is being organized by the 1820 Settlers National Monument Foundation to be held in Grahamstown from 3rd to 7th July, 1978. Conference of metallurgists The technical programme has been established for the 17th Annual Conference of Metallurgists sponsored by the Metallurgical Society of the Canadian Institute of Mining and Metallurgy. This year the Conference will be held in Montreal, Quebec, on 27th to 31st August, 1978, together with the 8th Hydrometallurgy Meeting.

Jan 1, 1978

By M. C. J. van der Merwe

"Carboxymethyl cellulose is an organic binder used in the iron ore pelletizing industry. The basic principles of how carboxymethyl cellulose (CMC) solutions behave during the pelletizing process and how these principles affect the drop and compression strengths of the pellets are poorly understood. The aim of the investigation was therefore to gain knowledge on the behaviour of CMC during the pelletizing of haematite concentrate.Haematite pellets with different additions of CMC (0.1–0.4 wt%), were subjected to drop tests, compression tests, and free moisture content analysis. The relationship between the drop strength, compression strength, free moisture content, elapsed time, and CMC concentration was analysed.The drop strength had a strong correlation with the free moisture content of the haematite pellets, with a correlation coefficient of 0.94. The compression strength of the CMC-bonded haematite pellets increased as the free moisture content decreased, reaching a maximum upon depletion of the free moisture content. Haematite pellets with CMC concentrations of 0.1 and 0.2 wt% developed most of their strength within the first day after pelletizing, whereas pellets with concentrations of 0.3 and 0.4 wt% developed most of their strength between one and two days after pelletizing. The time within which CMC-bonded haematite pellets develop most of their strength is therefore dependent on the CMC concentration. IntroductionFines are produced during the beneficiation of iron ore. These fines are separated from the lump ore and can be upgraded to produce a concentrate, which is used as a raw material for the production of pellets. Pellets in turn form a key burden material for direct reduction processes as well as the blast furnace (Zhu et al., 2015).Inorganic binders such as bentonite have been used predominantly in the iron ore pelletizing process to obtain pellets with suitable properties (Eisele and Kawatra, 2003). These binders, however, have the disadvantage of introducing impurities into the pellets. This has resulted in organic binders being pursued as suitable replacements for inorganic binders, of which carboxymethyl cellulose (CMC) shows good potential. Although CMC has been used as an organic binder in iron ore pelletizing, the fundamental principles of how it behaves during pelletizing and how these impact on pellet properties are poorly understood."

Jan 1, 2017

By O. K. H. Sheff

Despite many years of a successful policy for our Journal, the Journal Committee is in the course of adopting a new approach with which to enter the present decade. The objectives are to improve the readability of the Journal, without forfeiting the quality achieved in the past, by adding an extra dimension through the inclusion of applied-engineering papers, i.e. technically oriented papers.

Jan 1, 1990

By T. V. Thoms, T. R. Twidle, J. W. Crous

This note describes an investigation into the most cost-effective material for mil-shell liners in large-diameter pebble mils with lifter bars. This is part of a project being conducted at the gold plant of East Driefontein near Carletonvile in the Transvaal. It was found that manganese-steel and chromium-steel liners are more cost-effective than liners of cast mild steel or white iron.

Jan 1, 1990

By T. B. S. Giddy

The advantages to be gained from the use of a high-density ion-exchange resin in a uranium recovery circuit are shown. It is concluded that, in existing fluidized-bed plants, the throughput of solution can be increased by up to 40 per cent at the same uranium recovery. Alternatively, the values in the barren solution can be improved at the same flow-rate of solution.

Jan 1, 1980

By M. Splaine, M. A. Field, S. J. Browner

In the field of operational control, Shewhart Control Charts and Cusum Charts have long been available to management. These techniques provide help by detecting rogue values of a control variable and changes in the underlying mean of that variable respectively. This paper describes a new technique for identifying changes in the trend of a control variable, particularly when that variable is subject to large inherent variance.

Jan 1, 1983

The finite element method of stress analysis is nowadays widely used in the fields of mining, mechanical and civil engineering. This paper presents a short description of the three-dimensional method, in which the elements used are arbitrary hexahedrons. Two examples of the application of the method are presented, namely, calculation of the elastic stress distributions in a coal pillar and in an opencast mine.

This paper details the preliminary design work carried out before and during the implementation of an extensive backfilling programme on Cooke 3 Shaft, Randfontein Estates Gold Mining Company (Witwatersrand) Limited. The design work is of relevance to any system utilizing a cementitious binder, and the quality control aspects are of particular significance. Problems associated with correlating laboratory results to actual field results are also briefly discussed.

Jan 1, 1988

By T. K. Roy

INFACON XI has no doubt earned the distinction as the first such Congress in India. This prestigious occasion could become a reality of a long cherished dream of the Indian Ferroalloy Producers, consumers and ex-porters. The International Committee of Ferro Alloys (ICFA), South Africa, the august body for organising INFACON, every three years, could be convinced by the Indian Ferro Alloy Producers? Association (IFAPA) to award INFACON (XI) to India. This Congresss, organized by IFAPA, has opened a window for the Ferroalloy Community of India, the up-coming Asian Tiger, to register their strength and weakness to the world forum with the principal objectives of evolving long and short-term optimum road-maps for development. It is to be reckoned that India is poised to be a steel giant by 2020 when it is envisaged that the steel production may reach a level of 120 million tons of which significant proportion has to be in the categories of alloy and special steels, requiring standard and high grade ferroalloys. Keeping the above objective in view, the theme of this Congress has been rightfully designed as ?Innovations in Ferro Alloy Industry.? This Congress has also earned a distinction of more than eighty papers, finally selected for inclusion in the Proceedings. More than 100 internationally and nationally reputed experts in the field of ferroalloys (technology and manufacturing practices as well as world scenario) have been approached for critical review of abstracts and selection for the proceedings. It needs to be mentioned without the cooperation received from ICFA the high standard of INFACON could not have been assured. The papers are suitably grouped under seventeen heads, starting from world situation to production and operation followed by present and future technologies and finally to modelling and simulation. It is a Herculean task to the Technical Committee to fit these papers in proper sequence. The Commit-tee members kept no stone unturned to ensure the cogency with the subject matters and at the same timekeeping the flexibility of interests of the participant, especially in the context of three parallel sessions. The Proceedings containing only refereed papers of high quality, will serve the entire gamut of ferroalloy industry and will also highlight the present status of concerned countries. The areas of attention to make the industries globally competitive and at the same time laying emphasis on the prevailing practices, will help the industry leaders to formulate an appropriate global approach. Following the break-through step, instilled by INFACON XI, the Proceedings will be available both in bound and in searchable electronic CD-ROM format. I, as the Chairman of the Technical Committee would like to express thanks and high appreciation to all the Committee members for their whole hearted efforts in all respects without which it would not have been possible to complete these proceedings in the scheduled time. Technical Committee desires to place on record their gratitude to Organising Committee for their synergic cooperation all through in successfully executing multifarious tasks, associated with such a grand international technical Congress.

Jan 1, 2007

By E. H. van Niekerk

The production of high-strength Iow-alloy (HSLA) steels containing either niobium or vanadium as the principal micro-alloying element is discussed, including recent developments in steelmaking practice that have had a great effect on the development of HSLA steels; strengthening mechanisms, as well as the principles of thermomechanical treatment during controlled rolling on a hot-strip mill; and the results of production heats with various amounts of micro-alloying elements.

Jan 1, 1984

VISIT TO HENDRINA POWER STATION AND OPTIMUM COLLIERY A visit to Hendrina Power Station and the Optimum Colliery, contractually committed to supply the coal for the power station, took place on the 20th September, 1972. INTERNATIONAL IRON AND STEEL CONGRESS This congress will be held in Dlisseldorf from May 23rd to 30th, 1974. The main theme is "Metallurgical Technology of Iron and Steplml1king".

By A. K. Haines

Hydrometalurgy, particularly leaching, is a highly topical subject and always generates great interest in the mineral industry. This was evident right from the start of the organization of the SAIMM Colloquium on Leaching, which was held at Mintek on the 8th and 9th November, 1988. The response to the cal for papers was so good that the Colloquium was extended to two days, instead of the usual one day.

Jan 1, 1988

By M. C. van Blerck

This paper examines the South African fiscal system as it applies to the mining industry and, where components are found wanting, discusses possible alternatives. It is concluded that the South African system has long provided a stable environment for mining investment and growth. However, the introduction, of steep surcharges during the past decade or so (since abolished) and ring fencing (since relaxed but not abolished) has started undermining this stability.

Jan 1, 1994

By H. L. Monro

CONTRIBUTION BYP.J.D.LLOYD The thought-provoking paper by Monro deserves serious consideration. If he is correct, the practice of selling gold forward should cease forthwith. However, similar arguments may well be advanced against the selling forward of many other commodities, and this runs counter to the success of futures markets worldwide. If, indeed, the practice were basically flawed, then such markets should long since have failed.

Jan 1, 1992