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By T. Tholana, P. N. Neingo

"A mineral resource constitutes the principal underlying asset of a mining company, and must be exploited and managed in such a way that maximum value is derived from it. Various asset management frameworks applicable to physical assets are available. This paper focuses on the extension of an asset management approach, particularly the Publicly Available Specifications (PAS) 55 asset management framework and the International Organization for Standardization (ISO) 55000 series of standards, to mineral assets. It is concluded that PAS 55 and the ISO 55000 series of standards can be extended to manage mineral assets, resulting in an integrated approach to sustainably optimize value from the company’s mineral assets. The benefits include improved returns on mineral assets, maximum mineral asset utilization, creation of an organizational culture focused on quality and continuous improvement, and assurance to stakeholders that the mineral assets are being efficiently managed over their entire life-cycle. In the context of this paper, a ‘mineral resource’ refers to both Resources and/or Reserves as classified by the SAMREC Code. IntroductionMining involves the extraction of valuable mineral resources from the Earth’s crust. A mineral resource is unique among natural resources in the sense that it is a wasting asset, which means that its value depreciates continuously with extraction. In addition, it is often impaired from time to time as commodity price changes (Macfarlane, 2011a). Since a mineral resource is a wasting asset there is a single opportunity available to optimize value from its extraction. Mine planning involves identifying a strategy to exploit the mineral resource in a way that maximizes value at an acceptable risk level throughout the life of mine (LOM). This optimum extraction strategy changes as economic conditions change, particularly commodity prices, as well as with improvements in orebody knowledge as mining progresses. It is the mineral deposit that competitively distinguishes two different mines and dictates the location of a mine; hence the adage ‘the orebody dictates’. Therefore, a mineral resource is the primary tangible asset possessed by mining companies and must be managed in such a manner that maximizes its value at an acceptable risk level (Macfarlane, 2011a)."

Jan 1, 2016

By W. Newcomen, D. Brox

The assessment of the stability performance of open pit highwalls has traditionally been based on consideration of surface movement rates. Although generally accepted in industry, this approach presents challenges for establishing appropriate threshold values to allow for safe mining operations and does not address the issue of total strain. Surface movement monitoring data from a limited number of open pit mining operations in North and South America has been evaluated in terms of highwall strain, rock mass quality and inferred mechanism of instability. Threshold strain levels for key stages of highwall stability proposed from previous work has been reviewed and are endorsed based on evaluation of additional data. An empirical highwall strain criteria for the assessment of highwall stability performance is postulated based on relatively consistent trends in highwall strain data. L’évaluation du niveau de stabilité des hauts murs de carrières a traditionnellement été basée sur les taux de mouvements de surfaces. Bien que cette approche soit généralement acceptée à travers l’industrie, elle présente des défis pour la définition de seuils appropriés concernant la sécurité des opérations minières et n’adresse pas la notion de déformations totales. Des données de mouvements de surface provenant d’un nombre limité d’opérations minières à ciel ouvert d’Amérique du Nord et du Sud ont été évaluées en terme de déformation des hauts murs, de qualité de la masse rocheuse et des mécanismes inférés d’instabilité. Des seuils de déformation pour différentes phases clefs de stabilité de hauts murs ont été revus et sont endossés, basé sur l'évaluation de donnés additionnelles. Un critère de déformation empirique pour l’évaluation de la stabilité des hauts murs est postulé, basé sur des tendances relativement consistantes de données de déformations de hauts murs. Die Beurteilung der Stabilität von hohen Felsböschungen basiert traditionellerweise von Oberflächenbewegungen. Obwohl dieses Verfahren im Allgemeinen akzeptiert wird, stellt es jedoch gewisse Probleme für die Festlegung von Grenzwerten für die Sicherheit dar. Die totalen Dehnungen werden bei dieser Betrachtungsweise vernachlässigt. Eine beschränkte Anzahl von Oberflächenbewegungs Daten von Bergbauwerke in Nord- und Südamerika sind in Bezug auf die Dehnungen von hohen Felsböschungen, Felsqualität und davon abgeleiteten Bruchmechanismen untersucht worden. Grenzwerte für die Belastung von hohen Felsböschungen während den massgebenden Bauetappen aus bisherigen Projekten sind begutachtet und durch zusätzliche Untersuchungen bestätigt worden. Gestützt auf relativ konsitenten Trends, ist hier ein empirisches Verfahren der Dehnungen in hohen Felsböschungen zur Beurteilung der Stabilität vorgestellt.

Jan 1, 2003

By A. Bouvard, N. Hoteit, E. Boidy, F. Pellet

In the context of the construction of an Underground Research Laboratory devoted to the feasibility studies of radioactive waste deposits, it appears of the utmost importance to study the long-term behaviour of rock, over a long time period. In this paper, some results of tests performed on the argillite from the Meuse-Haute-Marne site test in Eastern France are presented. Then a numerical simulation of one of this test using the viscoplastic damaging constitutive law proposed by Lemaitre is presented. Finally, this law is used to simulate numerically the behaviour of the rock at the wall of a circular tunnel in order to determine the extension and the change along the time of the Excavated Damaged Zone (EDZ). Advantages and limitations of the model are discussed. Dans le cadre de la réalisation d’un laboratoire de recherche souterrain conçu pour étudier la faisabilité d’installations de stockage de déchets radioactifs, il apparaît fondamental de caractériser non seulement le comportement viscoplastique à très long terme des matériaux mais aussi les phénomènes d’endommagement consécutif à la redistribution de contraintes provoquées par l’excavation des cavités. On présente ici les résultats d’essais réalisés sur les argilites du site de Meuse/Haute-Marne et destinés à caractériser leur comportement visco-endommageable. Il est ensuite procédé à une application de la loi viscoplastique endommageable de Lemaitre pour simuler l'un de ces tests. Les apports et les limites d'un tel modèle sont mis en évidence par des simulations numériques du comportement de la roche au pourtour d'une galerie circulaire permettant de suivre l’évolution au cours du temps de la zone endommagée (EDZ) à la paroi . Im Rahmen des Baus eines unterirdischen Forschungslabors für die Untersuchung der Machbarkeit von Deponien für radioaktive Abfälle erweist es sich als äußerst wichtig, das langfristige Verhalten von Gestein über einen langen Zeitraum zu untersuchen. Im vorliegenden Artikel werden einige Ergebnisse von Untersuchungen vorgestellt, die mit Tonschiefer aus der Meuse-Haute-Marne in Frankreich durchgeführt wurden. Anschließend wird eine numerische Simulation der Untersuchungen unter Verwendung des von Lemaitre vorgeschlagenen viskoplastischen Verformungsgesetzes vorgestellt. Schließlich wird dieses Gesetz auf die numerische Simulation eines Kreistunnels angewandt, um die Ausdehnung und die zeitliche Entwicklung der Auflockerungszone (EDZ) zu bestimmen. Es werden die Vorteile und Grenzen des Modells diskutiert.

Jan 1, 2003

By B. Gamble

Solid Energy's project evaluation process utilises a standard staged gate approach, with five levels leading ultimately to project execution (level 6). For a project to progress through each level, specific financial criteria need to be satisfied. Solid Energy primarily use value based (discounted cash flow) metrics to support investment decisions. Within this approach Solid Energy utilise a number risk-based techniques to quantify project uncertainty. This includes the use of risk-based probabilistic analysis using Monte Carlo simulation and probability-based scenario analysis. Figure 1 shows the net present value (NPV) cumulative probability. Project risks are identified through comprehensive risk workshops. The output of these workshops (list of key risks, ranges of uncertainty and probability of occurrence), is quantified within the financial models. Incorporating this risk information on a probabilistic basis allows an investment decision to be made with a robust knowledge of the range of possible project outcomes along with the likelihood (probability) of those outcomes occurring, for example 80 per cent confidence that the project value will be greater than NZ$10 M, 50 per cent confident it will be greater than NZ$50 M and ten per cent confident it will be greater than NZ$70 M. Incorporating risk implicitly into the financial analysis allows the business to easily evaluate/measure projects with different risk profiles. The detailed risk analysis does away with the complexity of arbitrary risk-based hurdle (discount) rates, as projects can be evaluated based on their specific risk characteristics. Whether a project will progress to the next level of investment and ultimately into implementation depends firstly on the value assessment in comparison with the associated risk/uncertainty, and secondly matching this with the businesses appetite for risk. At Solid Energy standard criteria are used for specific project evaluations, but in addition projects are considered on a portfolio or strategic basis also. Solid Energy attempts to maintain a mix of low risk (low value) projects with some high risk (high value) opportunities. The mix of projects must remain in line with the shareholders' risk appetite. One of the keys to a successful investment decision is ensuring that the appropriate information is available to decision-makers so that they may proceed with a comprehensive understanding of the risks and impacts associated with the decision.

Jan 1, 2007

By W. Breytenbach

Traditionally, dithiocarbonates (xanthates) have been the preferred collectors for the flotation of platinum-bearing sulphides. However, collector development has led to trithiocarbonates (TTC), which have proven to be very effective bulk sulphide collectors. The interest in TTC flotation behaviour is currently focused on the interaction of these collectors with other collectors, specifically the dithicarbonates. Batch-flotation research has shown synergism to exist among dithiocarbonate, dithiophosphate and trithiocarbonate collectors. Increased sulphide recoveries, both for the first-minute and final concentrate, were realized using mixtures of these collectors relative to the standard.

Jan 1, 2003

By A. Ahmed, A. Fathy, M. Eissa, K. El-Fawakhry, A. El-Mohammady

Silicomanganese is widely used as a complex reducer and an alloying addition in the production of various grades of steel due to its economic and metallurgical advantages. It is also used as a semi-product in the manufacture of medium- and low-carbon ferromanganese and metallic manganese. Manganese-rich slag, resulting from high carbon ferromanganese production, has the advantages of high manganese content, high Mn/Fe ratio, low excess oxygen, low phosphorus content, low fine content and low cost. Such slag seems to be very attractive to use as raw materials for the production of silicomanganese alloys. In the present study, experimental heats were designed and carried out to optimise the factors affecting the production process of silicomanganese using manganese rich slag in the charge. The results of pilot plant experimental heats showed that the optimum metallic yield and recoveries of manganese and silicon are obtained with initial slag basicity,(CaO + MgO) / (Al2O3), equals 1.8 by using dolomite as fluxing material and charging quartzite and fluorspar in percentage of 25% and 4% of the blend, respectively. The results showed also that an amount of 30% of coke in excess of the stoichiometric amount should be added. These result are relative for the specific high Al2O3 ores used.

Jan 1, 2004

By M. S. P. Rampedi

The paper reports on a vacation work project conducted at Khuseleka No. 1 Shaft, Anglo Platinum, where there was a need to optimize the transport of personnel to level 15 and below. Approximately 900 men per hour need to travel between the shaft and the start of the current chairlift system. Time studies were used as the major indicator of the extent of the current problem, and it is recommended that a new chairlift system be installed to cover the distance from the vertical shaft station at level 15 to the chairlift decline station on level 15. A capital cost of approximately R10 million is necessary to carry out the proposed recommendation. Khuseleka No. 1 Shaft has the capacity to wind 1070 people per hour, and the current labour complement going to the level 15 shaft station stands at 1570 employees; thus at optimum efficiency the proposed chairlift system could transport the entire shift to the start of the current chairlift system in only 1 hour and 45 minutes. Reducing the distance walked at the start of the shift may also have an impact on productivity.

Jan 1, 2012

By M. van Biljon

The possible closure and subsequent flooding of South Deep Gold Mine?s neighbouring Randfontein Estates Limited No. 4 Shaft (REL 4) necessitated the construction of five concrete plugs in the connecting tunnels to prevent the ingress of groundwater into REL4 from flooding South Deep mine. Several technical investigations had been carried out before and during construction of the plugs in order to reduce the probability of groundwater flow through the boundary pillar between the two mines or through the rock mass immediately around the plugs. This paper describes the geological, hydrogeological and stability investigations carried out to evaluate the structural competence of the boundary pillar.

Jan 1, 2006

By V. Riihimäki, M. Luotamo

The Unit of Toxicological Risk Assessment of the Finnish Institute of Occupational Health (FIOH) is conducting a 'Health Risk Assessment for Metallic Chromium and Trivalent Chromium' under the sponsorship of the International Chromium Development Association (ICDA) and the International Stainless Steel Forum (ISSF). This risk assessment will be conducted in accordance with the current European Union legislation in force (Council Regulation 793/93/EEC, Commission Regulation 1488/94/EEC, Dir. 67/548/EEC), but also to meet the regulatory obligations as set out in the European Commission REACH legislation proposal (Consultation Document, the Registration, Evaluation, Authorisation and Restrictions of CHemicals). Further aims include outlining the criteria for the setting of occupational exposure limits for metallic chromium and trivalent chromium compounds. Human Health Risk Assessment according to the current legislation shall entail hazard identification of the toxic end points (acute toxicity, irritation/corrosivity, sensitisation, repeated dose toxicity, mutagenicity, carcinogenicity, reproductive toxicity) including, as appropriate, dose (concentration) - response assessment, and derivation of the N(L)OAELs (No (Lowest) Observed Adverse Effect Level) and/or DNELs (Derived No Effect Level). Exposure assessments for workers, consumers and humans exposed via the environment take into account all the known intended uses. Risk characterisation will compare the typical and/or reasonable worst case exposure estimates to the N(L)OAELs or DNELs to determine Margins of Safety (MOS) for all human populations by each exposure scenario and type of effect, followed by conclusions about the presence or absence of risk. Although all of the key elements of existing legislation remain in REACH, the principal change is that, the burden of proof will be transferred from the member state authorities to industry. The new proposed format of Chemical Safety Report (CSR) will include Risk Management Measures (RMM) as an essential part of the report in addition to the risk assessment. The RMM plays a role in the evaluation of further testing needs and advocating reasons for possible waiwer of requirements. The research programme started in March 2002 and will be completed within the time frame of two years.

Jan 1, 2004

By J. D. Steenkamp

Southern Africa has a history rich in the pyrometallurgical processing of ores. Two of the alloys produced are high-carbon ferromanganese (74?83 per cent Mn) and silicomanganese (59?67 per cent Mn and 14?31 per cent Si). The largest land-based manganese ore deposit in the world is based in the Northern Cape Province of South Africa. In 2010, 6.3 Mt of ore from the deposit was exported, mainly to China, Norway, Japan, and India, and an estimated 1.1 Mt beneficiated locally to produce manganese ferroalloys. In southern Africa the producers of manganese ferroalloys are Metalloys and Assmang, and of silicomanganese Transalloys, Mogale Alloys, and Match Corporation. Submerged arc furnace technology is utilized in the production of high-carbon ferromanganese (HCFeMn) and silicomanganese, applying the discard slag practice in both instances. The carbon content of HCFeMn is reduced using converter technology and that of SiMn using the Perrin process. Ninety per cent of the world?s manganese ferroalloys production is consumed by the steel industry. The consumption (and production) of manganese ferroalloys therefore closely follows worldwide steel production. From 2001 to 2010, the doubling of the worldwide production of manganese ferroalloys can be attributed to an increase in production capacity in Asia and Oceania, with the largest increase in the production of SiMn. Manganese ferroalloys produced in Asia and Oceania are mainly for the local market, with North America, Europe, Russia, and Turkey the major markets for alloys from southern Africa. The major challenges faced by the southern African manganese ferroalloy producers are increasing electricity tariffs and productivity of labour, which require a concerted effort by all parties involved to achieve a satisfactory solution. Keywords manganese ferroalloys, ferromanganese, silicomanganese, southern Africa, South Africa, manganese ore, high-carbon ferromanganese, refined ferromanganese, refined silicomanganese.

Aug 1, 2013

By Yijun Caoa, Xiuxiang Taoc, Zhongbo Hub, Yinfei Liaoa

A new preparation scheme for a difficult-to-float coking coal from the Kailuan Mine, Tangshan, China was investigated. The results showed that grinding followed by column flotation was beneficial for obtaining products with low ash content. The positive effect of grinding on the coal floatability is attributed to the liberation of intergrowths and coal surface improvement. Tests indicated that 10 minutes was the optimum grinding time, and over grinding resulted in a deterioration in flotation performance. With a grinding time of 10 minutes, conventional flotation had potential to yield a product with around 12.42% ash content and 69.15% combustible recovery. Column flotation can reduce the product ash content to 11.15%and increase combustible recovery to 74.47%. Consistently better flotation results reveal that column flotation is more efficient than conventional flotation for such fines.

Jan 1, 2015

By S. K. Gilman, P. S. Marcos

There are basic areas of importance within a concentrator or mineral separation plant, which require focus to ensure acceptable recoveries, throughputs remain at an acceptable level and product grades meet specification. Professional and para-professionals within the mineral sands industry are in demand due to the booming resource sector. Added to this, new mineral sands operations are being commissioned straining the industry further. These factors have increased staff turnover and introduced many new people to the industry. It is essential these new entrants are armed with basic plant troubleshooting skills relevant to the minerals sands industry to minimize production lost through poor recoveries. Mineral sands processing does not involve highly technical or sophisticated unit processes. However, success is often slow to arise due to a lack of detailed understanding, as well as managing multiple interrelated unit processes within a plant. Fundamental background physical conditions (such as equipment loading and water quality) must be met for unit processes to be efficient. Technical management of these process plants should always include observation of these background conditions for they often provide the answer to underperformance. Examples are presented with an indication of the possible effects on recovery and product grade.

Jan 1, 2007

Toxic gases, mostly carbon monoxide (CO) and nitrous oxides (NOx), are invariably generated by commercial explosives under practical conditions of usage because of oxygen unbalance and non-ideal chemical reaction. Permitted explosives are statutorily required to meet the criteria stipulated by regulatory authority for their toxic fume quality for their safe use in underground coalmines. Solid blasting using P5 explosives contribute around 60% production from Indian underground coal mines. Low pull and yield per blast in solid blasting has been identified as a reason for low production and productivity of Indian underground coal mines. In an effort to improve performance of solid blasting, it was envisaged to apply air decking between suitable P5 explosives using high density polyethylene (HDPE) spacers under a Ministry of Coal, Government of India funded project. A non-deflagrating slurry explosive composition having high air gap sensitivity was specially developed for this purpose, so that air decked cartridges get detonated sympathetically with single priming. However, statutory authority in India apprehended that the use of oxygen negative HDPE spacers can influence the generation of toxic gases. The effect of using HDPE spacers on the generation of toxic gases was studied under simulated laboratory conditions with newly developed as well as with three commercial P5 explosives. The results of studies presented in this paper revealed that the level of carbon monoxide increases linearly and there is no significant effect on the level of oxides of nitrogen due to the use of HDPE spacers with selected explosives. Studies also revealed that this newly developed slurry explosive can be used for air decking up to 15 cm using HDPE spacers of weight not more than 21 g without exceeding the permissible limits for toxic gases.

Jan 1, 2008

By O. G. Pauw

The relationships between mill power and pebble load, bulk density of the load, and circulating load were investigated on the pebble mills in the grinding circuit at Buffelsfontein Gold Mine. This paper describes the most significant relationships among the operating and control variables on the plant, and illustrates these by reference to experimental data gathered from the plant during operation. The results were used for the development of very successful multivariable peak-seeking controllers for the pebble load and bulk density of the load on these pebble mills. The peak-seeking control algorithms are described in detail. The control system has operated successfully at Buffelsfontein for more than 18 months and is still in operation.

Jan 1, 1985

By T. van Heerden

A range of supported gold catalysts was prepared by ion exchange, varying many of the preparation variables, including concentration in the precursor solution, washing procedure, as well as drying and calcination procedures. These catalysts have been characterized extensively. TEM images show essentially the same crystallite size distributions, between 2?5 nm, for almost all catalysts, the only exception being catalysts not washed in ammonia, which did not show any small crystallites. Additional characterization with SEM yielded an interesting discovery. Catalysts that appear identical on the TEM also contain some large crystallites in the range of 50?500 nm. Differences in dispersion due to the drying procedure not seen on the TEM can now be observed. Oxygen chemisorption is being investigated as an additional method to characterize gold based catalysts to complement the typically used electron microscope techniques.

Jan 1, 2012

By W. F. Heinz

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

Sep 1, 2001

By M. C. Bétournay

Strainbursts are common in overstressed brittle rock around deep mine openings. Such failures are characterized by a biaxial state of stress in the plane of the opening boundary. A zone of compressive stresses imposes initial failures near or at the surface of the opening that results in spalling of thin slabs of rock roughly parallel to the free face. While the failure of rock under biaxial loading conditions is increasingly common in deep underground mines, only a few representative laboratory studies have been reported in the literature, without emphasis on rockbursting aspects, and none in the last decade. This paper presents the results of a testing program on a granite rock type. Biaxial testing, conducted on 100 mm cubic samples, was carried out to examine the influence of lateral confinement and loading rate on the rock’s ultimate strength. The paper reports the test results in terms of normalized biaxial failure envelope s1/sc-s2/sc. A discussion of the failure mechanisms observed is presented. Les coups de toits de déformations sont choses communes dans le rock cassant surcontraint en place autour des ouvertures minières profondes. De telles ruptures sont caractérisées par un état de contraintes biaxiales dans le plan de la périphérie de l’ouverture. Une zone de contraintes compressives impose des ruptures initiales à ou près de la surface de l’ouverture, qui produit des relâchements de minces plaques de roc plus ou moins parallel à la surface. Bien que les ruptures de roc sous des conditions biaxiales sont de plus en plus communes dans les mines à grandes profondeurs, il n’y a eu que quelques études représentatives en laboratoire de publiées, sans emphase sur des aspects de coups de terrains, et aucunes publiées depuis la dernière décennie. L’article présente les résultats d’une campagne d’essais appliquée à un type de granit. La campagne d’essais biaxiaux, sur des échantillons cubiques de 100 mm, avait pour objectif d’examiner l’influence du confinement latéral et le taux de chargement sur la résistance ultime du roc. Cet article fait part des résultats en terme de l’enveloppe de rupture biaxiale normalisée s1/sc-s2/sc. Une discussion sur les mécanismes de ruptures observés est présentée. Dehnungsbrüche findet man häufig in übergespannten spröden Felsen um die Öffnung von tiefen Minen. Solche Brüche sind von einer zweiachsigen Spannung in der Ebene der Grenze der Öffnung charakterisiert. Eine Zone von Druckspannungen verursacht initiale Brüche, entweder an der Öberflache der Öffnung oder in der Nähe. Davon scheiden sich dünne Felsplatten mehr oder weniger parallele mit der freien Wand. Obwohl Felsbrüche unter zweiachsiger Beanspruchung immer mehr häufig in tiefen Minen beobachtet sind, hat man über nur einige repräsentative Laborversuche in der Literatur berichtet. Diese Studien diskutieren das Thema ohne Betonung auf Felsbrüchen, und keine sind in den letzten zehn Jahren erschienen. Die vorliegene Arbeit gibt die Ergebnisse eines Testprogramms auf einem Typ von Granitfels. Durch zweiachsige Prüfungen von kubischen Proben mit Seitenlangen von 100 mm sollte man den Einfluss von seitlicher Ermittlung und der Beanspruchungsrate auf die Bruchfestigkeit des Felsen studieren. Man findet auch die Prüfergebnisse in bezug auf das normalisierte, zweiachsige Bruchkriterium s1/sc-s2/sc. Die beobachteten Bruchmechanismen sind auch diskutiert.

Jan 1, 2003

By I. E. Teymenson, N Fedunets

Mining-metallurgical complex is the base of any economics and influences directly on practically all branches of world economics. Therefore the task of estimation and selection of investment decisions in mining industry adequate to modern market conditions and the task of decreasing multidimensional alternatives selection uncertainty are very actual. An uncertainty of investment alternatives is explained by a number of reasons, main of which are a presence of several investors types, an unstable situation on the market and an absence of evident relations between appraisal criteria used. Maximum increasing of formalization and objectivity of information technologies applied for an estimation permits to reduce the uncertainty of investment variants estimation. A number of principled innovations, allowing to solve the task of decreasing of multidimensional alternatives selection uncertainty, are introduced into the information technology of estimating and selecting investment decisions in mining-metallurgical branch, developed by us. In the article the necessity of including a cognitive model into developed selection mechanism, which allows to take into consideration inter-influences of used critera, has been grounded. Besides, the forecasting model considering interconnected time rows has been applied for increasing the world conjuncture forecast quality. Further in the article main metrics types have been characterized and application of weighted Chebyshev’s metrics as the most compromised from all studied metrics for variants selecting has been proved, and also the developed procedure of directional search of effective compromise decisions has been described. Brief characteristic of designed instrumental means of multi-criteria variants estimation and selection finalizes the article. In conclusion expedience and efficiency of using the developed information technology for reduction of multidimensional alternatives selection uncertainty have been grounded.

Jan 1, 2003

By E. V. Lilford

A number of countries have introduced codes governing the valuation of mineral assets and securities. The African continent will follow suit in due course considering the importance of the global minerals industry as it relates to the attraction of foreign investment. South Africa is to introduce the Petroleum and Minerals Development Bill legislating the involvement of previously disadvantaged individuals and communities in the country?s minerals industry. One of the challenges facing the successful implementation of such codes and bills lies with the abilities of independent valuators to value mineral properties and projects on a consistent basis. Certain valuation principles and methodologies are applicable in all jurisdictions in the minerals industry. These valuation tools and principles are considered and developed in this report. They have been discussed and developed to encourage minerals valuators to consider and consistently apply the most applicable valuation methodologies.

Jan 1, 2002

By W. Barnett

The Limpopo Metamorphic Belt is a complex geological terrane with at least three major deformational events. Tectonically juxtaposed lithology, open to isoclinal folding, crosscutting and re-activated shear zones and metamorphic gneisses and schists make pit slope design and maintenance a risky business. Venetia diamond mine?s Cut 3 is planned to reach 360 m by 2011. The difficult rockmass created problems in the original pit and a new more comprehensive slope design was necessary. Nearly 9 km of geotechnical drilling were undertaken to produce a new geological model and provide geotechnical information near the final Cut 3 face. All existing data from the pit were brought together into a database. SRK Consulting were brought into the project to audit the process and provide most of the manpower for the data analysis. Existing failures were back-analysed and the geotechnical domains identified. Analyses of only the southern domains are discussed in this paper. Geotechnical engineers can design slopes at any angle, but it is up to the managers at the mine to decide what risk they are willing to accept in a slope design. Once the issue of risk was discussed and settled in respect of the consequences of failure, each of the main geotechnical domains were analysed to produce a slope design at5% probability of failure with 15% above the first ramp. A risk assessment of the design was then undertaken to determine what risk the design placed on the equipment, personnel and the profitability of the overall mining operation. The risk assessment indicated minimal risk to the operation. One of the main assumptions of the final design is that the pit slopes will be dewatered. A project was immediately put in place to determine a groundwater model for the mine and to thereby determine the best dewatering procedure. However, it should be obvious that it is practically impossible to prevent benches from getting briefly saturated with water during storm conditions. It was therefore necessary to look specifically at supporting the crests of the ramps in the problematic southern domains to guard against the possibility of crest failure during heavy rains. The data available were re-analysed toward this objective. Spiles were recommended as the most cost-effective support system, and a probabilistic approach was used in the design. The final design has a 5% probability of failure, and the analyses indicate a strong sensitivity of the required spile spacing to the strength of the reinforcement material that will eventually be used. The pit slope parameters derived as per the discussion in this paper have just begun to be implemented at Venetia Mine.

Jan 1, 2001