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By Porter I, Singh RN

An advanced elasto-plastic finite element model adopting a modified Von Mises yielding criterion was used to simulate progressive failure of the rock strata surrounding a room and pillar mine structure. The model conformed to the strain-softening behaviour of rock and accounted for post-failure residual strength. The simulation was achieved in such a way that material values were updated after each FE run, according to the stress criterion until the solution reached the final equilibrium steady state of the mine structure. The suggested structural stability analysis approach accounted for the main features of the structure degradations produced during loading through changes in rock material stiffness and subsequent evolution of stresses. Comprehensive parametric analysis was performed and the inevitable effect of interaction of the roof, pillar and floor on the overall mine stability limit was investigated. The numerical results clearly showed that linear models could not realistically represent the true behaviour of the mine structure. The results obtained are in good agreement with that predicted in the field.

Jan 1, 1992

Aspiring to be excellent makes you a good leader as it shows a capability for strategic thought, defining and implementing a vision, making a job easier, more efficient and effective. Every great business leader can generate additional revenue or cost savings for their company. Becoming excellent requires the desire and action to follow it through. There are many established methods of excellence: benchmarking, target setting, supply chain and market analysis, employee suggestions and knowledge sharing forums. In BHP Billiton, practices benchmarking is a key tool in generating improvements for functional areas such as processing, mine operations and mine planning. Practices Benchmarking involves organisational and technical questions that allow the site to self-assess their maturity and generate a prioritised improvement path. Not only does it benchmark and identify gaps, but the approach also facilitates networking, education and team building. For new leaders it is important to remember that you are not alone. Chances are your problem has been solved before. Networks û internal, external, formal and informal can get you started and often save you time and effort. Any leader can achieve success in excellence through a proper process of problem formulation, data and analysis. Again, using key players can make the process more effective. It is important to remember that the people side of the solution is the key to success and that monitoring will ensure the solution will work. In the words of BHP BillitionÆs CEO, Chip Goodyear: Excellence is a mind set. ItÆs something that comes when people get rewarded forthinking outside the box and applying their skill and knowledge. It happens, not in$50 million chunks, but in hundred thousand and million and $2 million chunks.When you get 35 000 people thinking that way, then youÆve really got somethinggoing.

Jan 1, 2005

By Medhurst TP, Trueman R, Hutchinson IN

A breaker line support (BLS) monitoring system, BLSmon, has been designed and constructed by the CSIRO and installed and commissioned at Laleham No.] Colliery, Queensland. This system was designed to record hydraulic leg pressure and canopy position measurements and relay these, in real time, to the surface. The system has shown itself to be capable of operating on the BLSs without any adverse affect on production. Analysis of the results of the monitoring exercise has shown that rate of change of leg pressures on the BLSs could be used as an aid in the prediction of adverse mining conditions. Under favourable mining conditions the supports were observed to initially unload from the set pressure, this unloading reduced with time and by the end of a typical lift cycle had either ceased or reversed slightly. This behaviour was considered to be due to one of four possible causes, these being; the compaction of floor debris, and/or compaction of the floor, and/or crushing of the roof and /or support creep. The actual cause can only be determined through detailed monitoring of both roof and support convergence. However observational data would suggest that compaction of debris and softened floor material beneath the supports was the most likely cause. The few positive loading rates recorded under these conditions were of short duration and occurred towards the end of individual lifts. Where mining conditions were unfavourable the negative rates of change of pressure, unloading of the support, were reduced throughout a lift, in both duration and magnitude, when compared with favourable mining conditions. Over the same period the positive rates of change were observed to be greater. The rate of change of loading and convergence can be utilised to identify the onset of instability in the lift area. However, before this facility can be utilised by the mine for the reliable prediction of instability more monitored data and sophisticated processing techniques are required.

Jan 1, 1992

By R Dimitrakopoulos

Optimisation and mathematical formulations for open pit design and long-term production scheduling have been available since the 1960s. There are two main concerns in the application of existing mixed integer programming (MIP) models in open pit mines: a. the feasibility of generating both optimal solutions and practically mineable scheduling patterns and b. the inability to deal with in situ variability in orebodies and account for uncertainty. In dealing with these issues, a general open pit production scheduling method for multi-element deposits is presented and subsequently used to optimise the long-term production schedule in a nickel laterite deposit. The application shows the weaknesses of MIP formulations in terms of generating optimal solutions as well as practically feasible mining patterns. The application of the same formulation in the presence of in situ orebody variability and uncertainty uncovers a major reason for deviations of scheduled production from actual production, and outlines additional limits of traditional optimisation formulations as well as future needs.

Jan 1, 2003

By R C. A Minnitt

This paper illustrates the use of variography and moving average plots as an aid to analysing variations in the process that can be used to direct the improvement efforts. The hydrometallurgical processes used in manganese metal production consist of sequential unit operations that include milling and reduction of manganese ores. Leaching of the reduced ore, is followed by solid-liquid separation, residue disposal, solution purification and electrowinning of manganese metal completes the process. The nearly 250 integrated process control loops rely on reports of pH, flow pressure, level, temperature and chemical analyses. Metallurgical accounting, reconciliation and process control is achieved through monitoring of the chemical and mass balances within the manganese reduction plant, requiring approximately 50 000 analyses of solids, powders and liquids each month. The largest numbers of samples are taken in the cell house. Changes and variations monitored by sample statistics ensure that the manganese products comply with predetermined specification limits. Optimising the information-value of the approximately 50 000 samples in the manganese plant is carried out in tandem with ongoing process optimisation. Variographic analysis of daily sampling data suggests that the cyclical behaviour evident in the moving average plots is only a reflection of random residual variability and not a reflection of true underlying variability related to cyclical phenomena. Low resolution in the variogram of daily sampling data masks the short-range variability that emerges when hourly data are analysed. Hourly samples collected over a 39-day period (giving 941 sample data), helped identify short-range cycles in the process. The relative distribution of variability for daily sample intervals, indicate that 57 per cent arises from V[0], 18 per cent from V[process] and 16 per cent from random residual variation. V[0] includes all the uncontrolled sampling error arising from a poor sampling protocol, the fundamental error (FE), the grouping and segregation errors (GSE), the delimitation error (DE), the extraction error (EE), etc. This confirms the suspicions regarding the suboptimality of the sampling protocol and the way it is implemented. The absence of long-term trends in the leach suggests that short-term variation (less than one day) dominates the process. While the control charts indicate that the overall processes are maintained above the lower specification limits and the target values, there is nevertheless a considerable amount of variability in the system that overhangs the processes and threatens to impact them negatively. Although the variability in the leach is above the prescribed limits, the volatility is a matter of concern because it seems to be uncontrolled. The comparison of the various sources of variability in data collected on an hourly basis suggests that the short-term random variability (V[0]) accounts for almost 50 per cent of the variability in the process. The main source of this variability is due to errors in the sampling protocol and is probably related to the size of the fundamental error (FE), the grouping and segregation errors (GSE), the delimitation error (DE), the extraction error (EE), etc. Remediation of FE and GSE will probably lead to a reduction in V[0], whereas V[process] could be mitigated by reducing the biases associated with DE and EE in particular.

Jan 1, 2008

By S Chatterjee

The production scheduling of an open pit mine determines the optimal extraction sequencing that significantly impacts a mine’s life as well as net present value. The optimisation of production scheduling of large open pit mines with geological uncertainty is a computationally very intensive process. In this paper, an approximation algorithm is proposed to schedule an open pit mine, where instead of solving the whole problem at once, the production schedule is generated by sequentially solving subproblems. The subgradient method is used to generate the upper bound solution of the Lagrangian relaxed subproblem. If the upper bound relaxed algorithm is not a feasible solution, a mixed integer programming is solved on the generated upper-bound solution. An application at a copper mine with an orebody represented by 16 532 mining blocks is presented using the proposed algorithm. Results show that all constraints are satisfied. The net present values are also calculated and results reveal an 11 per cent higher net present value (NPV) is generated when compared to the NPV generated when the same approach is applied to the deterministic model of the deposit where uncertainty is not accounted for.CITATION:Chatterjee, S, 2014. Stochastic production scheduling – solution through Langrangian relaxation with the branch-and-cut algorithm, in Proceedings Orebody Modelling and Strategic Mine Planning Symposium 2014 , pp 323–328 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Nov 24, 2014

By Kershaw M. G

At the Risdon plant of the Electrolytic Zinc Company of Australasia Limited, impurities toxic to the electrolytic production of zinc metal, notably arsenic and antimony, have traditionally been coprecipitated when precipitating iron as ferric hydroxide. With the development of a new lead/zinc mine at Elura, New South Wales, it was anticipated that the concentration of impurities, particularly arsenic, in the zinc sulphide concentrates treated at Risdon would increase. This suggested that an increase in the capacity of the iron purification step in the Risdon plant would be required to cope with the higher input of these impurities.Laboratory investigations showed that the additional capacity would be achieved, either by a large increase in the amount of iron used as the "collector" in the process, or by a two-stage process. The latter approach was preferred as a increase in the amount of iron precipitated would lead to much higher operating costs and overloading of the existing equipment.In the two stage procedure, acidic iron bearing solution is added to solution feeding the first stage and most of the arsenic removed from solution when iron is precipitated from solution by neutralisation with limestone. Mter separation of the precipitated solids, acidic iron bearing solution is added to the solution, and remaining arsenic removed almost completely following neutralisation by limestone.This paper describes the laboratory and pilot plant results and the plant modifications required. Abrief account is also given of the operator training and acceptance in the use of the digital control facilities installed in the new plant.The new plant is working well and good solution purity is being maintained despite a substantial increase in the concentration of impurities in the raw materials.

Jan 1, 1990

By A Crawford, P Manton

Telfer is a gold/copper operation, currently operating one open pit mine and one underground mine. The ore processing plant consists of two parallel trains involving semi-autogenous mill, ball mill and crusher (SABC) grinding, flotation and leaching. Due to receiving relatively high grade underground ore for over half of its total feed, Train 1 frequently experienced cleaning circuit overloading during high production periods. This resulted in losses in recovery and ineffective concentrate upgrade. As a quick and simple solution, the Train 1 copper flotation circuit was reconfigured to send concentrate from the first two rougher cells directly to the final concentrate and return the cleaner scavenger tailings to the third rougher cell. These modifications have resulted in a 1.4 per cent increase in plant copper recovery with no change in final concentrate grade. Preliminary results also indicate gold recovery has increased by more than 1 per cent since the circuit reconfiguration. Other benefits include less spillage, more friendly circuit to operate and a more consistent metallurgical performance. Focus for the next phase of optimisation is on concentrate upgrade. A number of opportunities have been identified and are currently being investigated, including staged reagent addition, single stage cleaning of the first two copper rougher concentrates, regrinding of the remaining copper rougher concentrate prior to cleaning and process control based on a machine vision system.

Jan 1, 2009

Level measurement of underground orepasses is important. Orepasses are not only utilised to funnel ore to the shaft skip loading station but also as silos for storing of ore in order to smooth out ore flow in a shaft system. Safety and operational efficiency are also improved as proper orepass level measurement could prevent overfilling of tipping areas. A study was therefore commenced to determine alternative technologies available as well as identifying practical installations across the Anglo American plc Group. From an instrumentation perspective an orepass system is an extremely difficult environment to take measurements in. Factors like dust, vapour, interference, bridging, wear and physical installation have to be taken into account. The study discusses time-of-flight (ultrasonics, radar and laser) measurement techniques followed by other possible solutions. These solutions included strain gauge measurement, the æjumping monkeyÆ technique, radiotomography, fibre optics and very long baseline interferometry (VLBI). Finally, various South African suppliers have been approached in order to determine instrumentation that is available for orepass level measurement in the marketplace. These recommendations were verified, where possible, by visiting the claimed installations.

Jan 1, 2005

By C V. Deutsch

"Geometallurgical variables often cause problems to conventional geostatistical workflows. There are many variables; some are compositional and some are non-additive. They often show: complex multivariate relationships undersampling relative to conventional grade variables unequal sampling; that is, all variables are not available at all data locations.A variety of approaches have been developed over the years, but geostatisticians remain mostly focused on modelling rock types and a few grade variables with an abundance of data. The problems are reviewed and a chained workflow is presented where appropriate techniques are employed in sequence to permit reliable spatial prediction of geometallurgical variables. The spatial models may be used to assess the value of additional data, for prediction of process performance, for improved mine planning and other optimisation tasks. The chained workflow will include data transformations such as ratios and normal scores that make the variables amenable to geostatistical modelling. Data imputation techniques to account for missing values are considered with special consideration to spatial correlation with the available data. Decorrelation techniques such as the principal components, min/max autocorrelation factors and projection pursuit multivariate transformation are employed to manage massively multivariate modelling. Full distribution modelling must be considered to avoid biases in the prediction of non-additive variables. The post-processing of geometallurgical models must be streamlined for robustness and efficiency. The precise workflow varies according to the specific purpose of the study. Guidelines and thoughts on best practice are presented.CITATION:Deutsch, C V, 2013. Geostatistical modelling of geometallurgical variables - problems and solutions, in Proceedings The Second AusIMM International Geometallurgy Conference (GeoMet) 2013, pp 7-16 (The Australasian Institute of Mining and Metallurgy: Melbourne)."

Sep 29, 2013

By J J. Culberson

The past 10 years has seen use of computers become widespread in the mining/exploration industry (including coal, precious and base metals, oil/gas and industrial minerals). This paper will concentrate on the use of computers as a tool to provide technical solutions (including data management, mine planning and operational support) to this industry rather than the use of computers to aid accounting, maintenance and inventory (æcommercialÆ) applications. This paper will review the processes and benefits of the use of computers in mining. We then review the use of technical computing locally here in New Zealand and see what business benefits local users have found from using computers in mining. We have, in research for this paper, spoken with mining software vendors from around the world to find out what is currently the æbest practiceÆ in the industry. The paper will then list what those vendors see as the ultimate improvement on the cards for the future of mining software.

Jan 1, 2000

By Denholm W. T

The SMELT-2 package is specifically designed to perform on-line simulation of smelting processes. This paper describes its application to the simulation of continuous matte converting followed by reductive slag cleaning in SIROSMELT reactors. The matte, containing 50% Cu is assumed to be produced at the rate of 20 tph in a continuous matte smelting furnace such as an Outokumpu Flash Furnace, Noranda or Sirosmelt reactor. Two alternative fluxing strategies in the converter are examined, namely: ò conventional silicate slags, ò calcium ferrite slags, and the flow sheets associated with each strategy are discussed. A regular solution model is used in the present study to account for the variations in the activity coefficients of components in the slag.

Jan 1, 1989

By J Zhou

Gold in sulfide ores is associated predominantly with sulfide minerals and occurs as both microscopic and submicroscopic particles. In non-refractory sulfide ores, gold occurs mainly as coarse- and medium-grained particles. Minute inclusions and submicroscopic gold usually account for a minor portion. In contrast, gold in refractory sulfide ores occurs mainly as minute particles and submicroscopic gold, and microscopic gold usually accounts for an insignificant portion. In gold ores containing carbonaceous material, the preg-robbing nature of carbonaceous material may impose challenges on gold extraction and cause gold losses. To extract gold from refractory sulfide ores, the ore needs to be finely ground and preoxidation is often required. Sulfide host minerals must first be oxidised to create a porous structure through which the cyanide leach solution can penetrate to reach the colloidal gold particles. The oxidation is traditionally achieved by roasting, autoclaving or bacterial oxidation. In carbonaceous sulfide ores exhibiting a preg-robbing nature, the carbonaceous material needs to be treated by roasting, autoclaving or other means to minimise the preg-robbing effect. As a predictive and troubleshooting tool, the gold deportment study plays an important role in gold metallurgy. It determines the deportment of gold in an ore or mill product and identifies the mineralogical issues that may affect or may have affected gold extraction. The information acquired from a gold deportment study can be used to assist in process selection, flow sheet development, recovery improvement and reagent optimisation.CITATION:Zhou, J, 2013. Deportment of gold in sulfide ores and implications for gold extraction, in Proceedings World Gold 2013 , pp 433-442 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Sep 26, 2013

By R Dimitrakopoulos, K Kawahata, L Montiel

A method that optimises mining complexes that are comprised of multiple processing destinations, open pits and underground operations is presented. Mining, blending, processing and transportation decision variables are simultaneously optimised while accounting for geological uncertainty. The method uses a simulated annealing algorithm at different decision levels to generate a stochastic-based extraction sequence and processing policies. A case study shows its ability to generate a higher net present value while facing a reduced amount of risk when compared to traditional optimisation methods.CITATION:Montiel, L, Dimitrakopoulos, R and Kawahata, K, 2014. Globally optimising open pit and underground mining operations under geological uncertainty, in Proceedings Orebody Modelling and Strategic Mine Planning Symposium 2014, pp 201–212 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Nov 24, 2014

By A M. Sherwood

The Otago and Southland lignite deposits represent by far the largest known fossil energy resources in New Zealand. Despite their size they have remained virtually untouched since exploration in the 1970s and 1980s defined their extent. In total there is an estimated 10.9 billion tonnes of lignite in 13 defined fields in Otago and Southland. Much of the exploration work only targeted seams at shallow depth and it is highly probable that there are further resources at depth in the fields that have been explored to date.   L&M Lignite Limited (L&M) holds exploration permits over a number of lignite deposits and is currently engaged in pre-feasibility studies to investigate the potential of the lignites for gasification. L&M is focussing its studies on the Hawkdun and Ashers-Waituna deposits. Coal quality in these deposits, particularly Ashers-Waituna, is highly suitable for gasification. In total the two deposits contain 1647 Mt of potentially recoverable lignite. L&M has engaged a variety of consultants to progress this project. The Hawkdun and Ashers-Waituna deposit databases have been re-evaluated and the resources remodelled. Further drilling has been carried out and the coal quality database has been expanded. The baseline project is to develop a mine to feed a plant that will produce liquids, specifically low-sulphur diesel and naptha, using the Fischer-Tropsch process. The project anticipates a staged development of 10 000 barrel per day units, each requiring mining at the rate of 12 700 tonnes of lignite per day. The production of other products including ammonia-urea, methanol, hydrogen and electric power is also under study.

Jan 1, 2005

By F Saloojee, F K. Crundwell

Refractory ores need to be pretreated prior to cyanide leaching for acceptable gold recovery. Pressure oxidation is one method of rendering the ores more suitable for cyanidation. The focus of this work is optimisation of autoclave configuration for pressure oxidation. An autoclave for the pressure oxidation of a feed containing pyrite and arsenopyrite was modelled, using the population balance framework. The autoclave model takes into account feed particle size, reaction kinetics and retention time. Mass balance calculations were incorporated into Cycad Process« software. This allowed for the investigation of different circuit configurations. The base case model consists of a single autoclave. The feed was then doubled and additional autoclaves were added to provide the same residence time as the base case. Four different configurations for the additional equipment were simulated. These were parallel, series, series with inter-stage thickening and parallel-series circuits. The options are compared in terms of extraction and productivity. The parallel circuit behaves similarly to the base case. The series and series-parallel circuits have higher recoveries and productivities than the base case. The series circuit with inter-stage thickening provides the highest extraction and productivity. This is because the thickening reduces the slurry volume and increases the residence time of the solids in the downstream autoclave.CITATION:Saloojee, F and Crundwell, F K, 2013. Optimisation of circuits for gold pressure oxidation, in Proceedings World Gold 2013 , pp 181-188 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Sep 26, 2013

By M de Freitas Silva

One of the main steps during the decision-making process of long-term mine planning is the definition of the optimal sequence of extraction, which usually is synonymous with maximising the discounted cash flow of the project subjected to several constraints arising from aspects of technical, physical, and economic limits.Open pit mine production scheduling (OPMPS) comprises several intricacies related to its size and uncertainty of input parameters. Due to its complexity and prohibitive size, traditional mine planning usually relies on heuristic or metaheuristic methodologies which are able to provide good solutions in a reasonable amount of time. However, most of the uncertainty that surrounds the mining complex is ignored leading to non-realistic results.In this paper, a new heuristic approach is explored in order to solve a stochastic version of the OPMPS problem accounting for geological uncertainty in terms of metal content, multiple processing streams, and stockpiling option. The methodology involves generating an initial solution by solving a series of subproblems and this initial solution is improved using a network flow based algorithm.The algorithm was applied to a relatively large gold deposit with more than 119 thousands blocks. Results have shown that the methodology is promising to deal with large-size mine instances in reasonable time.CITATION:de Freitas Silva, M, 2014. Solving a large stochastic integer programming model for production scheduling at a gold mine with multiple processing streams and uncertain geology, in Proceedings Orebody Modelling and Strategic Mine Planning Symposium 2014 , pp 389–396 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Nov 24, 2014

By H Arvidson, A Walker, N Pollock

Following the recent tailings tragedy in Brumadinho, the Investor Mining and Tailings Safety Initiative was formed representing institutional investors in the mining industry. This Initiative, led by The Church of England (CoE), requested data from 726 mining companies on each of their Tailings Storage Facilities (TSFs). What this exercise confirmed was that there was no public database of TSFs, and that there was a clear gap in tailings management systems within the disclosing companies. We present an approach using technology to support best practice TSF management, governance and disclosure which was originally submitted as part of University of Cambridge Post-graduate studies in Sustainability Leadership in January 2020. The aim of the paper is to discuss how technology could be used to deliver a Tailings Management Solution (TMS) that is aligned with the Global Industry Standard on Tailings Management (GISTM), and supports rigorous governance leading to disclosure. Subsequently the goals of the plan are aligned with that of the co-conveners of the GISTM (the International Council on Mining and Metals (ICMM), Principles for Responsible Investment (PRI) and United Nations Environment Program (UNEP)) which is to facilitate operators’ trajectory towards zero harm to people and the environment. Most of the focus to date around tailings management post Brumadinho has been on monitoring technologies, of which there are many. It is obviously important to acknowledge the critical role of monitoring technologies; however, our approach is agnostic to monitoring technologies and assumes that all of them are relevant. Our focus is on the data management, reporting and governance leading to disclosure of the information. Critical components of developing the TMS include adapting existing software products and solutions, recognising a system thinking approach is needed, strategic partnerships to deliver an accessible solution faster and more cost effectively, and, new ways of collaborating. The TMS should also accommodate relevant regional geotechnical codes and standards. The industry need for a TMS is well established and urgent, with significant pressure from regulators and civil society for the industry to address this significant issue.

Jul 1, 2021

By K G. Harding, A Osman, A du Toit, F K. Crundwell, C M. Sheridan

"Most mineral processing plants have high water requirements for their operational activities. These plants often function in an environment where water is becoming increasingly scarce. An increase in population will result in an increased demand for water; potentially beyond the limits of supply and hence increased competition for the resource. In South Africa, Gauteng and the North West Province are likely to be first to experience a shortage of potable water.In order to avoid a water crisis, efforts must be made to ensure the effective management of water resources and the minimisation of wastage. Hydrometallurgical plants have a responsibility to society and the environment to operate in a sustainable manner - reducing their water requirements will certainly assist towards developing a sustainable footprint.This project improved site water management by: surveying the potable water and storm water systems with a view to assessing the current water accountability and determining methods to improve accountability determining the monthly and yearly water balance for the site and presenting it in the form of a water balance sheet drawing up an input-output and operational model in accordance with the Minerals Council of AustraliaÆs æWater Accounting Framework for the Minerals IndustryÆ calculating the water footprints of the refinery identifying ways in which water savings could be achieved recommending management systems for water usage monitoring.This work was conducted in South Africa. The value of this work lies in that it established the current baseline and assisted in developing management systems that can reduce water usage sustainably.CITATION:Osman, A, Crundwell, F K, Harding, K G, Sheridan, C M and du Toit, A, 2013. Water accountability and efficiency at a base metals refinery, in Proceedings Water in Mining 2013, pp 277-286 (The Australasian Institute of Mining and Metallurgy: Melbourne)."

Nov 26, 2013

By C Tonkin, S D. Howell, P V. Johnson, J Moriarty, P W. Duck

This paper presents the scientific framework underpinning the resource valuation and optimisation model (RVOM). The RVOM is a partial differential equation based real options software package, which helps mine owners optimally plan their operations, understand their project risks, and make defensible valuations. This is achieved in the presence of both financial and physical uncertainty, as well as processing capacity constraints. The RVOM can be applied to any multi-ore mine, open pit or otherwise, where the block-order of extraction has already been planned using existing software tools such as the Gemcom WhittleÖ strategic mine planning package. The RVOM can also take account of multiple commodities within a single mine, and multiple forms of price behaviour. The three key outputs from the RVOM are: valuation, optimal decision and probability of decision. A decision takes account of upfront costs, and can include an unlimited number of transitions between: normal operation, expanded operation, care and maintenance and abandonment (and variants thereof). The RVOM then employs stochastic process theory to determine the probability of reaching these decisions. This gives the mine operators clear indications as to where their risks lie, aiding their mine planning. A clear example of the RVOMs usage to a case-study gold mine is presented, demonstrating its broad applicability, the added value it can create and how users can easily make use of the RVOMÆs state-of-the-art algorithmic engine.

Sep 26, 2011