Seismically Active Mines ù To Buy or Not to Buy

The Australasian Institute of Mining and Metallurgy
Organization:
The Australasian Institute of Mining and Metallurgy
Pages:
10
File Size:
1373 KB
Publication Date:
Jan 1, 2002

Abstract

In recent years there have been many changes in mine ownership due to the on-going rationalisation towards larger mining companies. Larger companies inevitably find it hard to manage small mining operations and in many cases smaller mines do not fit corporate resource, production and profit criteria. Smaller companies are more suited to managing these medium or small scale mines and are tendering for the purchase or lease of mines that larger companies wish to dispose of. In addition to these factors there has also been a trend (especially in Western Australia) for mines to continue operating at ever increasing depths. This in turn has led to more mines operating in high stress environments and experiencing damaging seismicity. Assessing the viability of seismically active mines from a takeover or purchase point of view should involve analysing the risk profile of every aspect on mining that could be affected by adverse seismicity. This includes assessing current and alternative mining methods, mine designs, support systems, extraction sequencing, monitoring and blasting. This paper includes discussion on items that need to be assessed when considering the purchase of seismically active mines, with experience gained from some recent studies in Western Australia. In these cases it was apparent that quantification of previous seismic history on itÆs own was a totally inadequate method of assessing minewide seismic risk potential. A more holistic approach is required, taking into account all aspects of relevant data, all the minewide effects of seismic activity and all possible means of mitigating those effects.
Citation

APA:  (2002)  Seismically Active Mines ù To Buy or Not to Buy

MLA: Seismically Active Mines ù To Buy or Not to Buy. The Australasian Institute of Mining and Metallurgy, 2002.

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