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By A Giyose, V Malysiak, K Davey

Batch flotation tests were conducted on a haematite-bearing Sishen iron ore slimes sample from South Africa using reverse cationic flotation. The effect of grinding on flotation performance, the flotation response of various key impurities in the sample, and the feasibility of increasing metal recovery by refloating tailings in a scavenger flotation step were investigated. The test results indicate that reverse cationic flotation is effective in rejecting impurities from the iron ore sample tested. From a head grade assaying 6.4 per cent SiO2, 2.14 per cent Al2O3, 0.402 per cent K2O, 0.082 per cent P and 0.194 per cent TiO2, the levels of impurities were reduced to 1.83 per cent SiO2, 0.88 per cent Al2O3, 0.095 per cent K2O, 0.066 per cent P and 0.174 per cent TiO2 in the final concentrate at a Fe recovery of 74 per cent. The flotation response of SiO2, Al2O3 and K2O were found to be better than that of P and TiO2. The testwork demonstrated that grinding to 80 per cent passing about 49 microns is essential for upgrading the Sishen iron ore to produce >67 per cent Fe concentrate grade. This grind size corresponds to about 80 per cent liberation of haematite from the gangue minerals. Fe recoveries up to 76 per cent were obtained by refloating the rougher tailings in a scavenger stage, with little effect on the final concentrate grade. Size-by-size Fe recovery data obtained indicated that particles below ten microns were mostly lost in the desliming stage conducted prior to flotation whilst some reported to the froth by entrainment. Some of the coarser haematite-gangue composite particles reported to the froth product by genuine flotation.

Jan 1, 2009

By D McClelland, R Whittering

Minerals and Metals Group (MMG) subsidiary Lane Xang Minerals Ltd operates a single site copper and gold mine near Sepon in Lao PDR. Gold production commenced in 2002 and first cathode copper production was in March 2006. Plant throughputs for gold and copper are currently 2.5 Mt/yr and 1.4 Mt/yr respectively; use of a second tailings dam has commenced accordingly. Although the increased catchment area creates opportunities for more storage to reduce demand on other water sources, especially during the dry season, it also creates greater requirements for water treatment capacity.The water balance for mining operations in a tropical monsoon environment with dry winters presents on going management challenges. A successful mining operation depends on a careful balance of water inputs and outputs. The challenge prior to every wet season is having enough storage capacity to absorb potential rainfall. Plant operation in the dry season benefits from water captured and stored from the wet season which reduces the dependence on river water. Release of excess water to the environment is necessary to cope with the overall positive water balance and depends on suitable and effective treatment of water in accordance with the environmental guidelines.Ausenco has recently built and commissioned a second water treatment plant at the Sepon Copper Plant to process tailings decant water.  The objective of the second Sepon water treatment facility is to increase the site water discharge capacity to maintain the water balance and reduce the dependence on river water.  Decant water treatment is required to precipitate the contained heavy metals prior to discharging to surrounding wetlands.  The main metal that needs to be removed from the site water to meet discharge water quality requirements is manganese, as heavy metals are already precipitated to required levels in neutralisation before the tailings are sent to the storage facilities. A site layout provision for removal of manganese to produce a saleable carbonate precipitate is incorporated in the polishing plant design (future installation).

Jan 1, 2009

By M John

The Kwinana Industrial Area (KIA) is by far the largest and most diverse industrial processing region (with supporting industries) in Western Australia. As with elsewhere in Australia (and globally), the KIA is facing sustainability challenges on various fronts, such as increasing water and energy scarcity, climate change, an aging workforce, and growing community expectations. Through the Kwinana Industries Council (KIC) the industries within Kwinana are working closely on common issues in the KIA, including the sustainable development of the region. Over the past decade, significant progress has been made by the industries towards the improvement of the sustainability performance at the company and regional level. Given the ever increasing sustainability pressures, there is strong desire to address sustainability challenges in the KIA, through a pro-active and collaborative industry approach. A sustainability roadmap is being developed to assist the KIC and its industry members with strategic decision making on the long-term sustainability of there. At the heart of the roadmap is a set of key performance indicators for each of seven priority themes or focus areas (water use, by-products produced, greenhouse gas emissions and energy use, economic performance, environment, community impacts and sustainable workforce). Aspirational targets and subsequent strategies are being developed for those activities where the KIC has an influence and can make a positive impact. The indicators and their targets enable constructive stakeholder discussions (eg with government and community) on emerging local issues and possible future directions for the KIA. The paper will report on the development process and the preliminary results of the sustainability roadmap for the KIA, including a historical perspective on milestones achieved so far and future aspirations.

Jan 1, 2009

By E Topal

Stopes are used in several underground mining methods. Boundary determination of these stopes is generally based on simple rules of thumb. While several stope boundary optimisation techniques are available, they fail to guarantee true optimum results. The first part of this paper reviews some important stope boundary optimisation studies and proposes a new algorithm to optimise stope boundaries and layouts for underground operations. The second part applies the proposed algorithm to a block model to test its ability to produce optimum results and demonstrate its applicability in a number of different scenarios. The results demonstrate that the proposed algorithm can find optimum stope boundaries and layouts in three dimensions for different stope sizes and economic conditions.

Jan 1, 2009

By T Gibbons, M Korte, C Brent, K Runge

The Barrick Osborne concentrator has gone through a number of upgrades since commissioning and steadily increased production from the original 119 t/h design capacity to 265 t/h milling throughput in 2008. This was achieved incrementally over several years, by maximising operating efficiencies, in order to minimise capital expenditure, and take advantages of economies of scale; but more importantly it was reached with no measurable loss of recovery. Osborne currently processes a blend of under- ground with open pit material from the nearby Trekelano deposit. Following primary/secondary crushing, the material is processed through a rod/ball mill grinding circuit ahead of rougher/scavenger flotation that produces a copper concentrate.Osborne was seeking a further increase in plant throughput of the order of 15 per cent, but at more sustainable levels of secondary crusher plant utilisation. In early 2008, Osborne contracted Metso Minerals Process Technology Asia-Pacific and South America (MMPT) to review the entire process from run-of-mine feed to final copper concentrate. This review would be done concurrently, with surveys of both the crushing/ grinding and flotation circuits being performed at the same time. The outcome would be a steady-state model of the complete flow sheet allowing the crushing/grinding model to interact with the flotation circuit model such that overall process optimisation was possible. Two key outcomes for the operation are exploration of the operating limits of the currently installed plant, and projection of the logical next stage of potential capital plant expansions. This paper covers Part B or the flotation component of the project. A separate paper discussing Part A or crushing and grinding is also being presented at this conference. Surveys of the Osborne flotation circuit were performed along with a comprehensive review of the cell characteristics including measurements of the gas and froth phases of individual flotation cells. These data resulted in a size-by-size floatability component model of the complete circuit. This circuit model was then used to perform steady-state simulat- ions to evaluate options to improve both overall circuit and individual cell performance. The grinding circuit model discussed in a separate paper or Part A of this project was then used interactively with the flotation circuit model to recommend the best operating regime to maximise overall efficiency. For example, the balance between increased crushing and grinding costs versus higher copper recovery and final concentrate grade. Due to changes in market conditions in the fourth quarter of 2008, the focus was shifted to prioritising operational changes rather than capital expansion modifications, in order to improve circuit performance.

Jan 1, 2009

By G M. Mudd

The growing popularity of platinum and platinum group metals (or PGMs, including palladium, rhodium and others) for a wide range of applications leads to some interesting issues for mining and sustainability. The uses for PGMs includes catalytic converters for air pollution control in vehicles, growing jewellery use, catalysts for various purposes (especially petroleum and chemicals processing), hydrogen fuel cells and many others. Given the growing importance of most of these PGM uses in more sustainable technologies or in making industrial processes more efficient, it is critical to understand the complex sustainability issues which surround platinum and PGMs. At present, South Africa is the dominant PGMs producer and holds about 88 per cent of estimated global resources, with important but relatively minor production and resources in Zimbabwe, Russia, Canada and the United States. Given the concentrated location of PGM resources, what are the likely trends in PGM mining with respect to environmental sustainability? That is, what are the costs in terms of energy, pollution, greenhouse gas emissions, water, land use impacts, social impacts, economic aspects associated with this globally important industry? This paper compiles and analyses a range of data on platinum-PGM mining, focusing primarily on South Africa. It synthesises a unique combination of data which relates typical production aspects such as ore grade and scale with sustainability aspects such as greenhouse, energy and water costs. The findings are critical in understanding the debate about the increasing environmental and social costs of some materials and technologies which are considered crucial for sustainable industries based on PGMs. Overall, the paper represents a valuable insight into the platinum-PGM sector, providing a range of useful data for understanding the environmental sustainability of this particular group of precious metals.

Jan 1, 2009

By X Zheng, P Manton

Pebble recycle crushing circuit performance at Telfer has historically fallen significantly short of the design product P80 of 12 mm. An investigation was undertaken to evaluate the current pebble crusher circuit performance, quantify the optimum performance achievable with the existing circuit and examine the impact of pebble crusher performance on the overall grinding circuit throughput. The primary objective of this investigation was to develop an operating strategy that could consistently deliver the finest possible pebble crusher product to maximise the overall plant throughput.The pebble crusher specific energy (Wc) was proposed as a key control variable for pebble crusher operation based on the results of plant survey work. Over the range of pebble crusher specific energies encountered at Telfer, a strong linear relationship was found to exist between Wc and the crusher product size. This direct linear relationship between specific energy and crusher product size remained constant regardless of how the change in specific energy was generated, ie through changes to the crusher closed side setting (CSS), feed rate, liner profile or moisture content. Key findings for the Telfer pebble crushing circuit were: each 0.1 kWh/t change in Wc resulted in a 4.9 per cent to 6.0 per cent change in plant throughput, each 1 mm change in pebble crusher CSS resulted in a 2.2 per cent to 2.6 per cent change in plant throughput, and 0.57 tonne of new feed was displaced for each tonne of crushed pebbles recycled to the semi-autogenous grinding (SAG) mill. The presence of an existing 3000 tonne pebble stockpile between the SAG mill and pebble crushers provides an opportunity to manipulate the feed rate to the pebble crushers independently of the SAG mill pebble production rate. This flexibility, along with excess pebble crushing capacity, enables the pebble crusher specific energy to be maximised the majority of the time. Pebble crusher specific energy has subsequently been incorporated as an online crusher control measure to assist in maximising plant throughput.

Jan 1, 2009

Australia had been enjoying a market boom led by the mining sector and West Australian mines were leading the way to satisfy the massive demand for our natural resources, especially from China. However, the Apache gas explosion on Varanus Island, 97 km off the west coast, has clearly demonstrated how the unexpected can suddenly impact on profitability and investor confidence for the mining industry. Risk management with contingency planning can provide the most cost-effective solution to help ensure mining projects are successful. For this discussion we will focus primarily on contingency planning, CP for mining projects à and how to plan for the unexpected. The Apache gas explosion will be our example æUnexpected EventÆ. Insurance may provide financial compensation but it will not protect your reputation as a reliable supplier or prevent damage to investor confidence and future mine projects. However, contingency planning can provide real protection for mining projects à to survive the unexpected.

Jan 1, 2009

The paper discusses the use of animated dynamic numerical simulations to support design and operational decisions in the mining industry. The basis of the simulations discussed is a queuing theory engine with added features that enable continuous processes to be included in simulations. This approach is well suited to the needs of the mining industry which has a mixture of discrete events interfaced to a variety of continuous processes via various forms of surge capacity. Examples are given of the benefits of animation in communicating concepts to those with limited domain knowledge and simulation as a tool that facilitates the sharing of understanding between the stake holders of a system. The analytical content of the paper addresses conflict for resources within systems, the constraints imposed by human and other types of resources, and the impact of external events. Examples are presented showing the use loop diagrams and Gantt charts in the recognition conflict, and its causes. and the use of utilisation logs to identify opportunities for cost reduction.

Jan 1, 2009

The Fosterville Goldmine in Victoria employs bacterial oxidation (BIOX« Process) to liberate gold from its flotation concentrate. Gold occurrence is primarily as submicron particles in pyrite and arsenopyrite and has been described as being in æsolid solutionÆ and therefore not amenable to direct cyanidation even with fine grinding. Once liberated by the oxidation process, the gold is then available for cyanide leaching. While the oxidation process is very effective, it has been found that a portion of the liberated gold can become suspended in the liquid phase in what appears to be a colloidal state. This liquid becomes a waste stream during washing of the oxidised solids and the suspended gold is therefore lost. This paper discusses investigations into the causes of the loss and also describes the successful use of quebracho tannin in reducing colloidal gold loss. Laboratory and subsequent plant trials, showed a gain of 2.6 per cent in overall gold recovery based on mill feed and waste stream data.

Jan 1, 2009

We are moving into an era where we experience the consequences of the skills crisis û namely many resource models have been generated by inexperienced people under pressure to deliver high quality resource estimates in unsupported environments, often without technical mentors. These resource models form the basis of our decision to pursue actual mining. This begs the question: how valid are the resource models that form the basis of our mining decisions? This paper presents various model validation tools such as comparison of input and output statistics, swath plots, sectional or bench comparisons between drill holes and models as well as a variety of other approaches. Each model validation tool currently used in industry is examined:how the tool generates results,what assumptions exist,what constitutes a pass/fail in the test, and what interpretations to consider when using the validation tool. Each validation toolÆs suitability and the inherent flaws in the underlying assumptions are also discussed. These are supported with examples of good versus bad validations. Our principles based reporting codes provide flexibility in how models are generated and what approaches and/or parameters are used to generate resource estimates. This flexibility works well when used by experienced practitioners. However, our reporting codes assume a level of experience not always available in the current skills crisis. This paper seeks to provide minimum model validation prerequisites for model acceptance and suitability, regardless of the resource analystÆs experience. As we move forward, our immediate challenge is to ensure our baseline resource models are material, transparent and competent.

Jan 1, 2009

Mineral sands are different to almost any other commodity; however, it shares similarities with other commodity types, such as the importance of quality constraints of iron ore and coal or the importance of physical properties of diamonds. The mineral sands industry consists of two principal product streams; titanium dioxide minerals û in the form of rutile, ilmenite and leucoxene, and zircon. The principal valuable heavy minerals (VHM) include ilmenite, leucoxene, rutile and zircon. Variations of other titanium minerals occur between the end members of ilmenite and rutile, including pseudo rutile and anatase. Most mineral sands deposits are found in unconsolidated fossil shorelines several hundreds of metres to tens of kilometres and occasionally hundreds of kilometres inland from the present coastline. Mineral sands orebodies essentially fall into two categories based on the mode of deposition: alluvial or aeolian. Alluvial deposits are further split into marine beach placers (or strandlines) and lacustrine heavy mineral (HM) accumulations. Exploration for mineral sands involves the positive identification of key criteria leading to the focus of exploratory surface sampling, augering and drilling. Assaying is primarily focused around determining the percentage of HM contained within a given sample. Other results of interest include clay fines, sand and oversize. Metallurgical/mineralogical assessment is often undertaken via laboratory scale bench tests that replicate the wet concentration and dry mill processing routes. The most critical component in resource assessment for mineral sands is about quantifying HM grade, then mineralogical assemblage and then quality of those mineral species. This will determine whether a mineral sand final product is marketable or not. Mining of mineral sands is conducted either wet or dry. Wet methods are generally preferred for large tonnage, unconsolidated and low clay orebodies. Where ground conditions are hard and orebodies are small, high grade and discontinuous, dry mining techniques are generally employed. Concentration of mineral sands from the primary ore is carried out in two sections; wet, utilising sizing and gravity differentiation between HM, VHM, clay and quartz, and dry, exploiting the magnetic, electrostatic and to a lesser extent specific gravity (SG) properties of the minerals of interest. Mineral sands exploration, mining and processing faces the same operating challenges as the rest of the resource sector. Added to this are the issues that are unique to mineral sands and to which the industry devotes considerable resources to developing solutions.

Jan 1, 2009

By J Lea, P Hatherly, J L. Edwards

Coal exploration has traditionally involved the acquisition of data to enable a resource to be quantified and qualified to the extent that its economic potential can be determined. This process commonly relied on: drilling to determine the depth and thickness of coal seams, broad characterisation of the overburden and interburden, and to provide cores for coal quality analyses; basic wireline logging to cross-check the depth and thickness of coal seams and provide some indication of rock mass strength; and basic surface geophysics and remote sensing to identify major geological structures. In recent years, the adoption of the JORC Code as a basis for the reporting of resources and reserves has placed a greater emphasis on the need for detailed, reproducible data sets that not only satisfy the traditional requirements of mine planners, but also satisfy the governance requirements of corporate and financial institutions. Similarly, the development of sophisticated numerical modelling techniques for use in both open cut and underground mine design, has seen a greater demand for precise geotechnical data, in situ stress characterisation and hydrological information as routine input to the design process. These requirements, coupled with the prevailing trend toward high capital, relatively inflexible mining techniques less tolerant of geological surprises, and the need for consideration of environmental issues such as groundwater impacts and surface subsidence, requires that modern exploration programs be multifaceted, and designed to commence capturing data relevant to ædownstream issuesÆ even during the initial phases of exploration planning.

Jan 1, 2009

By M B. McKevitt, W J. Shaw

The main task of grade control on a daily basis is to define the material that should be mined to a destination under various categories. This can be determined by grade, lithology, quality and blending criteria. In the case of multi-element deposits or deposits with various blending or other processing criteria the optimum selection of ore block boundaries can be quite complex. In every case the balance between ore loss and dilution must be considered when designing the ore block boundaries and this becomes a risk-based decision when using the conditional simulation model. The use of such systems allows grade control to meet specific targets, such as budget tonnages and grades and blended product specifications. Two case studies are presented: the Prominent Hill copper/gold mine and the Rapu Rapu zinc/copper mine. Mining is based on a rational grade control strategy involving a number of factors, including strong geological control, advanced geostatistical approaches, such as conditional simulation, and optimisation of the ore blocking to meet production requirements. This provides an objective, transparent and repeatable grade control strategy.

Jan 1, 2009

By M E. Karmis

Traditional coal mining planning seldom considers key æsustainability factorsÆ such as: societal impacts in the area; jobs (both created and lost); dislocation of towns and residences; impact on neighbouring communities and individuals; infrastructure concerns; post-mining land use (except when limited by law or other factors); habitat disruption and reconstruction; long-term economic impacts in the community; and net long-term community benefit. This paper presents a systems engineering approach based on the premise that systems can only be optimised if all factors are considered at one time. In theory, coal mine designs can be optimised for return on investment, environmental protection and sustainability. Using this approach, the permitting process may be quicker and less costly, relationships with neighbours, communities, environmental groups may be improved, the mining industry may be seen as a positive for the short-term and long-term and the mining industry may increase profits. This paper discusses geographic information system (GIS) tools that may be used to incorporate ecological and other sustainable development concerns into models of coal mine sustainability performance. Along with coal production cost and value information obtained from past and present coal mining operations, GIS data are used to develop mathematical cost and equation models. By analysis of on-the-ground data, the parameters to be included in these models are identified, the relationships between these parameters quantified and the models developed. The paper also discusses the next phases of the work to be completed once the data is obtained and the models are adjusted and validated. At that time, site-specific information will be input into the models and the approach to mining a particular property evaluated and optimised for financial rate-of-return and other desired outcomes, such as preservation or enhancement of sustainability values. Finally, the paper will examine how this approach can be combined with traditional mining engineering considerations in order to develop an optimised mine plan for a specific mining property.

Jan 1, 2009

By G Showers, R Triglavcanin

The complexity of understanding the whole thickening process to achieve real performance improvements cannot be underestimated. The last significant change in feedwell design was more than 15 years ago with the introduction of self-dilution systems û firstly with OutotecÆs Autodil, followed by FLSmidthÆs E-Duc. Now, following many years of extensive in-house research, including close collaboration with AMIRA and the CSIRO, Outotec has launched the next generation Vane Feedwell. The Vane Feedwell has been globally patented and installed at various sites. This paper briefly outlines the feedwellÆs development using CFD modelling and its subsequent performance in a æreal lifeÆ site installation. Plant results of the first commercial Vane Feedwell, in a mineral sands application, are discussed. The Vane Feedwell was retrofitted so comparative data of pre- and post-installation is shown.

Jan 1, 2009

By F Clark, B Catto

The Mako domain comprises the Mako lodes at Sunrise Dam Gold Mine, Western Australia. This domain was initially bulk or æbucketÆ domained for the open pit resource in 2000, due to complexity in defining the lodes as a result of low drill density. Negative ore tonnage and positive grade and ounce reconciliations were experienced during mining of the domain in the mega-pit, though only small volumes of the domain were mined. Significant amounts of exploration and underground grade control drilling has been completed since the initial bulk domain interpretation and greater geological understanding of the mineralisation controls and geology of the lodes now exists. Mako provides approximately 50 per cent of the ore tonnes and ounces for the North Wall Cut-back, the latest open pit phase of mining at Sunrise Dam. The importance of Mako to mill supply and life-of-mine planning, as well as past reconciliation performance necessitated a reinterpretation of the domain to increase confidence for mining. Historic exploration drilling, underground grade control drilling and detailed pit-wall mapping were used to build mineralised subdomains within the confines of the original domain. These reflect more closely the spatial extents and geological controls on the mineralisation. A new resource model using the multiple indicator kriging (MIK) technique was generated using the new domains. It resulted in a decrease in tonnes and ounces but increase in grade for the sum total of the new domains compared to the old æbucketÆ domain. This is attributed to the increased selectivity and structural constraints imposed by the new domains. A retrospective comparison of the Mako grade control from the mega-pit versus the new resource model was conducted, which æreconciledÆ 103 per cent tonnes, 106 per cent grade and 110 per cent ounces. This has provided confidence that the new model is a better estimate of the lodes. Qualitatively, the new model is a better representation of the geology and extent of the mineralised structures with significant areas of change identifiable. Grade-tonnage plots comparing the 2006 and 2008 models show that most tonnes have been shed from the low-grade û subeconomic grade cut-offs. This is mostly attributable to the volume reduction of æoreÆ in the 2008 model compared to the 2006 model, where the true mineralised zones are captured by the new domains. The reinterpretation and remodelling of Mako is an example of an evolved domain model and shows that mineralised zones need to be differentiated adhering to the geology and geological controls on mineralisation, which are understood largely due to increased drilling density coupled with mapping.

Jan 1, 2009

By D Monaghan

Pumping water for dewatering and water supply is a major component of electricity consumption at mining operations and hence is a significant contributor of greenhouse gas emissions. Pump systems at a typical mine site can be broadly split between above ground centrifugal pumps (generally used for water transfer) and submersible borehole pumps (generally for dewatering and/or water supply). In contrast to above ground pumps, submersible borehole pumps can be subjected to varying duty points (total pumping head and flow requirements) as a result of changing bore water levels and yields, particularly in mine dewatering bores. Typically, much higher pumping rates are required at the commencement of dewatering to remove groundwater storage and to intercept sufficient groundwater throughflow to achieve target drawdowns. Once target drawdown levels are reached it often only requires much lower pumping rates to maintain target drawdowns. Pumps sized to remove the large initial volumes of stored groundwater often end up too large for the lower flow rate required for æmaintenance pumpingÆ. This often results in pumps operating inefficiently, a problem which can be made worse when pumps are throttled to reduce the pump output to better match the reduced bore yield. Current standard operating practice places little emphasis on the electricity consumed by pumps, with the focus often being on minimising capital expenditure (æIf it ainÆt broke donÆt fix itÆ). Submersible pumps can have extended service lives of ten to 20+ years. However as the capital cost of a pump typically represents only five per cent of the life cycle cost, the vast majority of the life cycle cost is energy usage.Through the implementation of a regular review of the operation of borehole pumps, significant reductions in electricity use and associated greenhouse gas emissions can be achieved without impacting the dewatering schedule. In most cases, the capital cost of replacing pumps is more than offset by savings in operating costs. These potential savings become even more significant when considering proposed future carbon tax levees.This paper presents examples of the opportunities for significant reductions in energy, greenhouse gas emissions and overall costs that can be achieved for a range of dewatering scenarios.

Jan 1, 2009

Staff turnover percentages on projects in the minerals sector are at levels that would not be accepted in business less than five years ago. While this is being driven in part by the shortage in skills to service the industry there are underlying factors, beyond the increases in remuneration, adding to the turnover. Having identified the five major reasons why people do not stay, this paper confirms that leaders and the various styles are common to all companies. The paper comments briefly on these major reasons and suggests the problem is firmly with management. It also offers possible remedies to reduce the attrition and therefore improve the opportunities for a quality project evaluation.

Jan 1, 2009

After a five year period representing the strongest resource and commodity rally ever experienced, we are now faced with a subdued recovery following the global financial crisis. This renewed economic growth will be steady but eventually attain levels that reignite export demand out of China and other emerging nations, which are now reliant on increasing domestic demand to support their economies. This backdrop of weaker share prices and less available investment capital creates a greater imperative for company management to ensure that its share price is fully valued. The mining geologist plays an important role in achieving this outcome through direct estimation of asset value (resources) but also in strongly communicating the æupsideÆ value opportunity in both mine site and adjacent brownfields exploration and an efficient and technically sound mining operation. The contribution of mining geologists to assist in conducting analyst site visits should not be underestimated, particularly with reduced analyst coverage of the resources sector and some simplification in company analysis through ranking companies on Reserve and Resource positions.

Jan 1, 2009