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By P. van der Steen

This paper examines the historical developments in diamond beneficiation technology and the impacts on the industry. The art of diamond beneficiation has given way to the application of scientific process, but at considerable capital expenditure. The shift in beneficiation methodologies has been disruptive to the traditional skills set of the industry, but evolutionary change continues and has been beneficial to the quality of the final product.

Jan 1, 2010

By N. Baloyi, P. Popoola, M. Tlotleng, S. L. Pityana

"The advantages of using Nb and Ti-Nb coatings for improving the hardness and corrosion resistance of Ti6Al4V were investigated. It has been reported that Ti6Al4V used in orthopaedic implants tends to release toxic Al and V ions into the surrounding tissue. Thin layers of Nb and Ti-Nb were deposited on Ti6Al4V substrates using a laser metal deposition technique. The deposited material was analysed using optical microscopy, scanning electron microscopy coupled with energy dispersive spectroscopy, and X-ray diffraction. The corrosion behaviour of the deposited layers was investigated using a Metrohm Autolab PG Stat101 compact potentiostat at 25°C in simulated body fluid. A Vickers hardness system was used to study the mechanical properties. Both Nb and Ti-Nb coatings exhibited good metallurgical bonding with the substrate. The microstructure and the XRD analyses for the Nb system showed that the ??-Nb phase was most dominant, while the Ti-Nb system comprised a mixture of the ?? and ?? phases. The average hardness of the Ti6Al4V substrate was 350 HV0.3, with a slight increase for the Nb coating (363 HV0.3) and a much higher hardness from the Ti-Nb coating at 423 HV0.3. The corrosion results show that the deposited Nb was more corrosion-resistant in the solution than either the Ti6Al4V substrate or the Ti-Nb coating. IntroductionMetals such as CoCrMo, 316L stainless steel, and NiTi alloy are used for manufacturing biomedical implants because of their distinct properties, including low Young’s modulus and resistance to corrosion (Ryan, Pandit, and Apatsidis, 2006). These implants are required to remain in the body of the patient for many years. Due to a favourable combination of mechanical and corrosion properties, titanium (Ti) and its alloys have emerged as the material of choice for biomedical implants. Nevertheless, their use is not entirely without challenges. For example, in total hip replacement, surface degradation and release of metal debris from metal erosion caused by friction limit the service life of the implant (Oldani and Dominguez, 2012; Manivasagam, Dhinasekaran, and Rajamanickam, 2010). Ti6Al4V is generally regarded as the material of choice, but it has been found that over extended periods of time, the combination of surface corrosion and erosion releases toxic aluminium (Al) and vanadium (V) ions into the body (Khan, Williams, and Williams, 1996). This has led to the investigation of titanium alloys containing niobium (Nb), zirconium (Zr), tantalum (Ta), and molybdenum (Mo) as substitutes for the aluminium- and vanadium-containing Ti6Al4V (Okazaki et al., 1997)."

Apr 1, 2019

By N. Sacks, N. B. S. Magagula, I. Botef

"Low-pressure cold gas dynamic spraying was used to deposit WC-4wt%Ni and WC-4wt%Ni-1wt%Mo coatings onto mild steel. Dense coatings with very low porosities were produced. No decarburization occurred during deposition and no deleterious phases were formed. The coatings were subjected to standardized material characterization tests, as well as slurry abrasion testing to assess their wear behaviour. The wear tests were conducted in synthetic minewater-silica slurries, while distilled watersilica slurries were used as a control. The hardness of the coatings, 512HV0.3 and 458HV0.3 for WC-4wt%Ni and WC-4wt%Ni-1wt%Mo respectively, are comparable to those achieved using high-temperature coating processes. The abrasion wear rates for both coatings were less than 5 mg/min and 10 mg/min in the distilled water-silica and synthetic mine water-silica slurries respectively. The approximately 50% increase in wear rate in the synthetic minewater slurry is attributed to a synergistic corrosive wear mechanism. The predominant wear mechanisms were identified as binder smearing and delamination, with carbide grain fracture and pull-out. IntroductionSlurry abrasion is a common phenomenon in mining operations, particularly in pipelines transporting, for example, sand-water slurries. This type of wear can cause pipeline fracture, shortened operational lifetimes, and impede pipeline efficiency. To reduce or limit abrasion, thermally sprayed tungsten-carbide-based coatings are often used as pipe linings (Kanchan et al., 2010). This is due to their attractive mechanical properties, which include high wear resistance, stiffness, hardness, compressive strength, and tensile strength. These properties are provided by the coating microstructure and composition, which is a blend of hard, wear-resistant tungsten carbide (WC) particles embedded in a fracture-tough metallic binder phase (Brookes, 1997). Cobalt (Co) is the most commonly used binder due to its excellent wetting of the WC phase and moderate mechanical properties; however, its application is limited to non-corrosive environments as it has a low corrosion and oxidation resistance (Andren, 2001). Nickel (Ni) may also be used as a binder, and has been shown to have superior oxidation and corrosion resistance, but in some applications may not have the required mechanical properties (Kim et al., 2006)."

Jan 1, 2016

By M. Le Roux, Q. P. Campbell, M. Fofana

The determination of densimetric information to predict coal washabilities is an important step in characterising the feed material, as well as the performance of operating plants. However, traditional methods like float-and-sink analysis are hazardous and time-consuming. This is especially true for finer particle size ranges, where very long settling times are required in a medium. De Beers Technologies recently developed a density analyser, known as the RhoVol, for use on diamondiferous kimberlite. Operating over size ranges from 25 mm down to 3 mm, it can determine the mass, volume, density, size and shape of all the particles in a given population and is thus able to provide information about the densimetric distribution on a single particle basis. A study was carried out to compare uncalibrated and calibrated RhoVol results to densimetric and size data obtained using traditional zinc chloride float-sink procedures, for three different coal samples in the size range 3 mm to 8 mm. The results indicate that the RhoVol can be used to provide simple, rapid and safe size-by-washability information for coal, provided proper pre-calibration is done, mainly to account for the effects of particle porosity in the density determination. Keywords: Coal washability determination, RhoVol, densimetric curve

Jan 1, 2020

By K. Duffy, W. Valery, L. Pyle, P. Holtham

A conceptual scoping study was conducted to investigate pre-concentration options for upgrading ore from an Ag-Pb-Zn deposit. The low grade of the ore would result in only modest economic returns, given current market conditions. Several pre-concentration options were considered. These included: selective mining, crushing and pre-screening (following either standard or high intensity selective blasting), bulk ore sorting, particle sorting, jigging, dense medium separation, or combinations of these approaches. Flowsheets were developed for each option, and the upgrade performance was modelled using Limn to determine mass balances and stream tables. Due to the limited availability of test work data, the models were based not only on what test data was available but also on case study data found in the literature. The Bazin technique was used to derive assay by size data for different streams following crushing. Equipment lists and preliminary layouts were established based on the stream tables, and capital and operating costs were estimated for each flowsheet. This information was used to carry out a preliminary economic evaluation using net present value and sensitivity analysis. In this case, the most economically attractive process was found to be particle sorting; although further benefits may be realised by combining with bulk sorting. This paper describes the methodology used and the key findings of the study. Keywords: Pre-concentration, pre-screening, ore sorting, jigging, Ag-Pb-Zn, particle sorting, bulk ore sorting

Jan 1, 2020

By T. J. Otto, G. C. Lindeque

Productivity is improved by increasing the ratio of output to input. In an operating open-pit mine, improving the productivity of heavy mining equipment (HME) enables the unit cost of production to be reduced. To optimize HME productivity, the Kolomela open-pit iron ore mine transitioned to an enhanced short-term mine planning (STMP) process that supports the application of a manufacturing-type operating model. At the core of the enhanced STMP process is a focus on integration across the open-pit mining value chain. The interdependencies between mining activities are highlighted and emphasized, thus ensuring that mining activities are synchronized. The improvements related to HME productivity were monitored from 2019 to 2020. The utilization of mining area in the Leeuwfontein pit improved from 71% to 90%, and the blasting frequency reduced by 14% while the average blast size increased by 17%. The distance travelled during shovel relocations between mining phases reduced by 16%, and the lost time associated with drills relocating reduced by 53%. These productivity improvements resulted in an 11% increase in the loading rate of the main waste shovel at Kolomela from 0.9 Mt/month in 2019 to 1.0 Mt/month in 2020. The enhanced STMP process can be adapted to other open-pit mining operations.

Nov 1, 2021

By J. Guerrero, O. Pavez, N. Toro, A. Nazer

In the 19th century, mining in northern Chile was of great economic importance. Today, the ruinsof the copper smelters and abundant fragments of refractory bricks from their furnaces remain. Therefractory materials have not been previously studied. the origin, physical and chemical properties, and compressive strength of 10 different samples of historical refractory bricks collected on-site were investigated. The characterization results showed that the bricks are silico-aluminous, unlike the magnesium-chromium bricks used by current foundries. It was determined that 90% of them were produced in the UK and 10% were manufactured in Chile. The phases present are mullite, quartz, cristobalite, and tridymite, and the chemical composition corresponds mainly to SiO2. The compressive strength of the historical bricks is similart to those currently used,. These results may contribute to the knowledge of the 19th century mining and metallurgical historical heritage of Chile and the UK.

Jul 5, 2023

By K. Barani, F. Moradpouri, M. Godarzi

A sampling campaign carried out on the lead flotation circuit at Lakan lead-zinc processing plant demonstrated that the Pb recovery was only about 68-69%. Characterization of the Pb flotation tailing showed that 61.4% of the Pb is in the –37 μm size fraction, which is difficult to recover by flotation. Batch flotation experiments were carried out on a plant sample of the lead flotation feed and high-intensity conditioning (HIC) was used to improve flotation recovery. The results showed that increasing the collector conditioning time from 1 to 3 minutes significantly increases the Pb recovery from 42.5% to 57.3%. Further increases in conditioning time to 5 to 7 minutes decreased the Pb recovery. With a collector conditioning time of more than 3 minutes, due to the surface cleaning effect, increasing collector and frother dosage improved the flotation selectivity and recovery, even at higher collector dosages. The Pb recovery increased from 69.1% to 79.8% with increasing impeller speed from 600 to 1250 r/min. HIC increases the flotation kinetics and greatly improves the flotation recovery and concentrate grade.

Apr 2, 2022

By F. Dong, F. Yang, J. Wang, Z. Wang, D. Mingxia

Antimony oxide ores are important antimony resources, but their recovery is still a problem. In this paper, the adsorption behaviour and mechanism of dodecamine and quaternary ammonium salt on the surface of cervantite and quartz were investigated. The flotation behaviour of cervantite and quartz using quaternary ammonium salts and dodecylamine as collectors was studied by single mineral flotation experiments. The adsorbed amount was measured and infrared spectroscopy was used to study the ability of several cationic collectors to float cervantite and quartz. The results show that quaternary ammonium salts can simultaneously float the cervantite and quartz. It is difficult to achieve separation of the two minerals using quaternary ammonium salts as collectors. At pH>10, dodecylamine can float quartz but not cervantite, which can achieve reverse flotation separation of the two minerals. The difference between the abilities of quaternary ammonium salts and dodecylamine to float cervantite and quartz lies in the different ionisation properties of the two reagents. Quaternary ammonium salt is a strong electrolyte that is completely ionised in the pulp and exists mainly in the form of quaternary ammonium ions. Dodecylamine is a weak electrolyte and predominantly forms molecules under alkaline conditions. Keywords: Cervantite, quartz, dodecylamine, quaternary ammonium salts, flotation

Jan 1, 2020

By C. R. Royal, B. E. Friedland

Energy & Densification Systems (EDS) has developed patented new technology crushing/milling equipment. The EDS Multishaft Mill is a compact vertical mill – utilising high-speed impacts to break down particles with large reduction ratios, low energy consumption and improved liberation. The milling action combines several processes to provide a multitude of output products to satisfy various specifications. Comminution often accounts for more than 60% of the total power consumption on a mine. Two of the key problems to be solved in comminution is to bring down the specific energy required to reduce particle sizes; and to improve liberation or improve the efficiency of the beneficiation and recovery of the required elements. The EDS Mill has shown extensive improvements in both these areas with energy efficiencies up to 75% better than conventional milling equipment and improving liberation beyond the standard beneficiation processes. Conventional comminution equipment requires massive, heavy parts to be moved or rotated, consuming a lot of energy in doing so and not inputting that energy into the breakage of particles. In the EDS Mill, ramping up the relatively small shafts to speed is all that is required. Once at speed, the momentum, together with the minimal amount of constant drive required, means that the energy can be transmitted directly and efficiently into breaking down the particles. The high-speed impacts allow for a shattering effect of the particles and this quickly generates a high ratio of fines. Furthermore, the single impact force breaks particles in a very different manner to conventional compressive force breakage. With compressive force breakage, the particle breaks from point to point. With high-speed impact force breakage, the force tends to migrate through the weakest areas of the particle, which tend to be the mineral boundaries. This, therefore, means that when the particles break, the various minerals are exposed and hence liberated. Keywords: Comminution, high-speed impact, liberation, energy efficiency, novel comminution

Jan 1, 2020

By A. Singh, R. D. Govender

The current method employed to quantify the efficiency of separation of ferromagnetic ores by wet low intensity magnetic drum separators (WLIMS) incorporates the use of a conventional benchscale Davis Tube (DT) operating at a magnetic field intensity that is equivalent to that of the drum’s surface. However, empirical research has indicated that the magnetic force, or force index, rather than the magnetic field intensity, is the critical factor in the operation of the magnetic separator (Murariu and Svoboda, 2002). Furthermore, the current aforementioned practice would yield incorrect information as the magnetic field gradients produced by a typical WLIMS unit differs considerably from that of a bench-scale DT. In light of this, research on magnetite focusing primarily on the scale-up of DT results to pilotscale WLIMS were undertaken. The investigation entailed a comparative study between that of a typical WLIMS circuit and a bench-scale DT. The purpose was to practically evaluate the performance of a WLIMS, bench-marked against the traditional laboratory-scale DT unit. Moreover, the secondary objective was to produce a magnetite concentrate graded at 69% Fe, 95% -45μm, as a suitable source of separation media for use in the Dense Medium Separation (DMS) industry. Fundamental findings of previous works provided a framework for the study, however, a realworld approach was explored. Preliminary testwork conducted at Mintek investigated the performance of a DT and a typical multi-stage laboratory-scale WLIMS circuit (operating at 1000 Gauss at the surface). The results attained indicated that a DT operating at high intensities is comparable to a single rougher WLIMS stage. Additionally, it was observed that the three stage laboratory-scale WLIMS circuit performed similarly to the DT operating at 1000 Gauss. Moreover, piloting testwork was undertaken, carried out in larger 380mm drums, and the results attained showed a strong correlation with laboratory-scale findings. Keywords: Davis Tube, wet low intensity magnetic separation, magnetite

Jan 1, 2020

By K. C. Sole, M. E. Mitshiabo

Although surfactants have proven to increase metal extraction by improving solution flow in porous media, these reagents have not been widely adopted in heap leaching operations because of potential incompatibilities with downstream processes that are subject to surface properties. The BASF leaching aid, LixTRA 118, was previously found to have no significant effect on post-leach operations. This study evaluated its performance in ores of different particle size distributions and the impact on acid consumption and metal recovery. Column leach studies, carried out on a copper oxide ore and mixed oxide–sulfide ore, showed that the effect of LixTRA 118 was more pronounced in ores with wider particle size distributions than in those with more uniformly sized particles. Solution percolation rates increased by up to 18% in the presence of leaching aid, and increased copper recovery and acid consumption. Improved wetting facilitated the kinetics of acid diffusion at macroand micropore level. There was no significant effect on iron recovery

Jan 1, 2023

By R. W. O. Kersten

"The aim was to investigate stable pillar design procedures currently in use on chrome and platinum mines, subject them to a critical appraisal, and review some of the alternatives proposed in the literature. It is concluded that these pillar design methodologies suffer from drawbacks that can be detrimental to the mining industry and that an improvement is essential.It was decided that the increased availability of analytical models and failure criteria could be exploited to update the empirical to an analytical/empirical method. The proposed methodology adopted FLAC2D simulations using the Hoek-Brown failure criterion to calculate full stress-deformation curves for typical pillars. The mine stiffness concept was introduced to determine the pillar load, integrating the influence of the pillar and strata stiffness and mining geometry.The proposed methodology was calibrated by comparing experimental and predicted deformations and failure depth of pillars in one hard-rock mine. The conclusion was that the methodology is an improvement over the one currently in use. An improved factor of safety is given by the intersection point of curves for the stiffness of the system and the pillar strength. IntroductionThe paper describes part of the findings of a PhD thesis (Kersten, 2016) on an alternative stable pillar design methodology. This publication contains sufficient information to implement the method for further interpretation and testing. A detailed comparison of measured and predicted data is dealt with in the thesis, and the results show that there is promise in the methodology.The design of stable pillars in mining is of fundamental importance, not only in the Bushveld Complex mines but throughout the mining industry. Wherever mining occurs, pillars are formed at some stage and it is essential to predict their behaviour, i.e. whether they will burst, yield, or remain stable. Although of crucial importance, pillar design still suffers from major shortcomings and weaknesses."

May 1, 2019

By G. Chisakuta, P. Bwando, G. Mitshabu

By the end of 2022, the south-eastern Copper Belt region of the Democratic Republic of Congo was host to more than 40 small, medium, and relatively large sized copper solvent extraction sites. To date, solvent extraction reagents supplied in this region have never exceeded 50% of ketoxime content. We generated laboratory extraction and strip isotherms and used these with the BASF IsocalcTM modelling software to assess the benefit of using higher ketoxime blends on the main metallurgical performance indicators such as copper recovery and net transfer. Pure ketoxime extractants combine a relatively low strip point and a decent loading capacity, which are most effective as the pH of the pregnant leach solution gets closer to 2.

Jan 1, 2023

By F. K. Crundwell

The rate of dissolution of sulphide minerals is frequently interpreted in terms of the passivating behaviour of a layer of material on the surface. This interpretation has driven research to identify and possibly remove this layer from the surface, and thus yield higher rates of dissolution. The identification of such layers has proved difficult, with different researchers claiming different compositions for possible layers. An alternative framework has been pursued by the author and co-workers, who have argued that the rate of dissolution is governed by the electronic structure of the minerals which give rise to their semiconducting properties. Researchers sceptical of this approach have argued that semiconducting properties are only important in highly pure substances. In this paper, we review the electronic and semiconducting properties and discuss how they impact dissolution behaviour. These properties affect their colour and dissolution properties even though the minerals are not high purity substances. Keywords: Dissolution, leaching, passivation, semiconductor, chalcopyrite

Jan 1, 2020

By K. Thambi

The court in Baleni v Minister of Mineral Resources [2019] 2 SA 453 GP and [2020] 4 All SA 374 (GP), deliberated on the protection of rights of a community holding informal land tenure under Customary Law. The contention related to the necessary level of consent needed to acquire a mining right over such land. Moreover, whether consultations with such communities (Section 23, Mineral and Petroleum Resources Development Act 28 of 2002 (MPRDA) or consent (Section 2, Interim Protection of Informal Land Rights Act, No. 31 of 1996 (IPILRA)) was required to acquire such right. The case has a significant bearing on the granting of mining rights in South Africa, and the discretion of the Minister of Mineral Resources (the Minister) in this regard. However, the objectives of the MPRDA and IPILRA do not dovetail, therefore consultation and consent are not mutually exclusive (Tlale, 2020). This note argues that, despite the resounding victory of this case, the peripheral basis surrounding the decision and the various levels of engagement require serious deliberation. Equally, the degree of reliance on the IPILRA requires clarity to avoid aborting the fundamental objectives of the MPRDA. This paper provides considerations and recommendations that may reduce or eliminate the tensions between the statutory and socio-economic rights in the application of the two statutes.

Sep 1, 2022

By J. R. Bredell, J. Branehog, C. Coetzee, J. J. van Tonder

A nutating grinding mill, exemplified by the commercial HICOM mill, achieves efficient particle size reduction through the accelerated motion of the material charge within the nutating chamber. This design, characterised by high particle velocities and rapid charge circulation, offers a compact solution compared to tumbling mills. There have been concerns regarding the mechanical reliability of kinetic joints for certain specialised mining applications. Recognising the need to model internal forces in such systems, this study focuses on the uncoupled simulation using multibody dynamics and the discrete element method. The investigation employed a small-scale experimental test mill, referred to as the NuMILL, featuring a cylindrical chamber (140 mm internal diameter, 245 mm height, 6° nutation angle). Instrumented with an array of sensors, the NuMILL provided internal load data for validating the simulations. Experiments were conducted with an empty chamber or filled with charge material. Charge materials included coarse sand or steel pellets with a charge-to-chamber mass ratio of 0.25. The mill speed ranged between 100 to 700 RPM. Multibody dynamics modelled resultant inertial and frictional loads within 5%, while the discrete element method simulated the internal material contact loads with accuracies ranging from 1% to 19%. The combined simulation approach predicted the resultant forces in the critical kinetic joint within a 20% margin. Representing the charge using rigid lumped mass elements was also studied. The presented simulation techniques, validated against experimental data, offer a robust foundation for analysing larger systems, including the industrial-scale HICOM.

Mar 5, 2025

By N. J. Wagner, D. G. Modiba

There is currently limited knowledge concerning South African coal deposits as hosts for rare earth elements (REE). This project aims to determine the concentration of REE, including yttrium and scandium (REY+Sc) in various coal seams and adjacent sediments in borehole cores from the Ermelo, Witbank, and Waterberg coalfields in South Africa. Coal petrography (maceral count and vitrinite reflectance), XRD, XRF, sequential chemical extraction procedure (SCEP) before ICPMS, and mineral liberation analysis (MLA) were conducted on the coal and associated sediment samples. The coals were inertinite-rich, medium-rank bituminous coal, with moderate to high ash content. The two dominant minerals in all the coalfields are kaolinite and quartz, except for sample ZBS2M, where dolomite was dominant. The dominant major oxides are Al2O3, SiO2, Fe2O3, and CaO, which concur with the XRD results. The ICP-MS results following SCEP indicated that both coal and the associated sediments were light REY+Sc dominant. There was also an elevation of medium REY+Sc in the Witbank coal’s associated sediment samples. Notably, the samples with the highest REY+Sc results were the sediment samples. The Waterberg samples had the lowest REY+Sc from both the coal (less than 2 μg/g to 7 μg/g) and associated sediments (2 μg/g to 15 μg/g). While the highest REY+Sc was yielded from the Witbank-associated sediments (500 μg/g to 2,500 μg/g). The carbonate fraction step proved to be the most successful leaching step, as most REY+Sc was recovered in that step for all coalfields. In addition to the carbonate fraction, the silicates and sulfide fraction in the Witbank samples, and the ion-exchangeable fraction for the Waterbergassociated sediments samples proved successful in leaching out the REY+Sc. MLA determined that monazite and xenotime in all the coal samples were the REY+Sc-bearing minerals.

Nov 6, 2024

By N. Snyders, I. Mwandawande, S. M. Bradshaw, M. Karimi

"Computational fluid dynamics (CFD) was applied to predict the average gas holdup and the axial gas holdup variation in a 13.5 m high cylindrical column 0.91 m diameter. The column was operating in batch mode. A Eulerian-Eulerian multiphase approach with appropriate interphase momentum exchange terms was applied to simulate the gas-liquid flow inside the column. Turbulence in the continuous phase was modelled using the k-_ realizable turbulence model. The predicted average gas holdup values were in good agreement with experimental data. The axial gas holdup prediction was generally good for the middle and top parts of the column, but was over-predicted for the bottom part of the column. Bubble velocity profiles were observed in which the axial velocity of the air bubbles decreased with height in the column. This may be related to the upward increase in gas holdup in the column. Simulations were also conducted to compare the gas holdup predicted with the universal, the Schiller-Naumann, and the Morsi-Alexander drag models. The gas holdup predictions for the three drag models were not significantly different. IntroductionColumn flotation is an important concentration technology that is used in the mineral processing and coal beneficiation industries. The growing interest in the use of column flotation in mineral processing has been attributed to the simpler flotation circuits and improved metallurgical performance compared to conventional flotation cells (Finch and Dobby, 1990). Flotation columns have also found other applications outside mineral processing, such as de-inking of recycled paper (Finch and Hardie, 1999).In column flotation, a rising swarm of air bubbles generated by means of air spargers is employed to collect the valuable mineral particles and separate them from the gangue minerals in a countercurrent process. Wash water, which is continuously fed at the top of the column, is used to eliminate entrained particles and stabilize the froth. The column volume can be divided into two sections – the collection zone in which the bubbles collect the floatable mineral particles, and the cleaning zone (or froth zone) where product upgrading is enhanced through the removal of unwanted particles entrained in the water mixed with bubbles from the collection zone."

Jan 1, 2019

By R. G. Coyle

"In an earlier paper the author explored the consequences of price-stabilizing effects, on an industry-wide basis, of various production strategies. These ideas have now been applied to an illustrative case of an individual mine. It is shown that the turning of production and financial policies can affect financial performance over a five-year period by as much as 22 per cent.No generality is claimed for the results and they would differ from mine to mine. It is, however, asserted that the results show that the proper turning of production, reserves and financial policies are more critical determinants of mine performance than has been realised. It is also asserted that the methods of dynamic analysis are the most appropriate means for studying this policy-design problem."

Jan 1, 2014