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By P. R. Mothemela

The objective of the investigation is to optimize the truck and shovel operations for pre-stripping at New Vaal Colliery by introducing campaign mining. The aim of campaign mining is to improve the efficiency of the loading, hauling, dumping, and maintenance operations which are critical to the success of truck and shovel operations. The current loading (single-sided loading method), hauling, and dumping operations at New Vaal Colliery were found to be inefficient. Time studies were used as a major indicator to highlight the inefficiency of the truck and shovel operations, and it is recommended that an improved loading configuration, hauling, and dumping operations be implemented by using campaign mining. It is also recommended that a service truck be used to maintain the pre-stripping fleet in order to reduce travelling times to the main workshop. As expected, the improved operating conditions will lead to an increase in pre-stripping production.

Jan 1, 2013

By L. L. Godirilwe, and A. Shibayama, G. Danha, K. Haga, Y. Takasaki

Selective extraction through leaching of an amorphous slag obtained from a base metal smelter plant in Botswana is investigated in this paper, where the main objective is to optimise the experimental variables that would result in the maximum selective extraction of the three base metals (Ni, Cu and Co) from the slag waste. Mineralogical tests showed that the sample is composed mainly of fayalite (Fe2SiO4), with a total entrapped metal sulphides content of about 1.0 wt.% occurring as fine occlusions in the fayalite phase. In our experimental program, we compare the effectiveness of two common leaching techniques. In the first method, we use sulphuric acid to carry out atmospheric beaker leaching tests, and in the second method we use high pressure oxidative leaching. The effects of acid concentration, oxidant addition/oxygen partial pressure and pulp density on metal dissolution rate are examined. The optimal Ni, Cu, Co extractions of 80.5%, 81.9 and 98% respectively were obtained under high pressure oxidative leaching conditions (150 oC, 0.6 M H2SO4, 0.5 MPa O2), with substantially low dissolved Fe of 9.6%, the majority of which was removed as jarosite in the residue. Atmospheric beaker leaching yielded poor extractions of Ni below 40% when sulphuric acid combined with hydrogen peroxide (1.0 M and 0.6 M respectively, 65 oC) were used for leaching, while Fe, Cu and Co dissolutions were each about 80%. Therefore, using high pressure oxidative leaching provides a possibility to effectively extract Ni, Cu and Co while producing an environmentally benign residue, thus alleviating the current adverse environmental issues associated with the abandoned smelter slag. Keywords: Slag, amorphous, fayalite, atmospheric beaker leaching, high-pressure oxidative leaching, extraction

Jan 1, 2020

By J. H. Fourie

This paper highlights modern practices in ore-treatment plants, with particular reference to the flotation of P2O5 at the plants of the Phosphate Development Corporation (Foskor) at Phalaborwa in the northern Transvaal. The following aspects are covered: design criteria, equipment and personnel, production standards and control. cost control, maintenance, and process development.

Jan 1, 1981

By M. -A. de Ville d’Avray, J. Bosman, S. Brochot

Dense Medium Separation (DMS) technologies are used for light (coal, lithium) or heavy (chromite, iron ore, diamonds) minerals concentration, but also for ore pre-concentration (Pb/Zn) or waste (plastics). Dense media are mainly formed from a suspension of magnetite or ferrosilicon in water. Such DMS circuit design or optimisation requires a full and detailed material balance which can be obtained by the aid of modelling and simulation tools. This balance is not limited to ore and its valuable minerals, but also the recovery of the dense medium itself. If the density is the main property used for separation, the particle size plays a non-negligible role, and, more precisely, the liberation classes which can be associated to the washability curve. The paper presents how the modelling and simulation platform USIM PAC can answer this challenge with the set of models for DMS operating units such as drums or cyclones, and their associated screens (drainage, rinsing) and magnetic separators for medium recovery. Some examples for mineral concentration will illustrate this approach. Keywords: Process simulation, process modelling, dense medium separation, process optimisation

Jan 1, 2020

By A. P. N. Sutherland

Pipelines for transporting high concentration slurries are often designed using methods applicable to homogeneous non-Newtonian laminar flow. Many industrial slurries though comprise coarse particles in a non-Newtonian carrier fluid, and existing experimental evidence from tests with such slurries demonstrates that they are not homogeneous. Under laminar shear conditions the coarse particles settle, even in statically stable carrier fluids. To understand this better, the Institute of Materials Science and Technology (IMST) at Cape Peninsula University of Technology (CPUT) is conducting ongoing research into the flow of these high concentration non-Newtonian settling slurries. Since pressure gradient and flow rate measurements alone are insufficient to adequately model the flows, an electrical resistance tomography (ERT) instrument developed by the University of Cape Town (UCT)was incorporated into the pipe test loop to determine pipe cross-section concentration and velocity profiles. The software developed to do this is modular and allows different image reconstruction and cross-correlation algorithms to be implemented and tested without significantly changing the rest of the application. At a total frame capture rate of 566 frames/sec a 2.67 GHz Intel Celeron processor with 500 MB of RAM is fast enough to calculate and display velocity profiles in ?real-time? at an update rate of one profile every two seconds. Examples of experimental concentration and velocity profiles obtained using the system are shown and some proposed improvements/extensions to the system are listed.

Jan 1, 2008

By W. P. Roux

Owing to decreasing high-grade ore reserves, there is a need for better understanding of the jigging process to improve the recovery efficiency of finer, lower grade material. The use of positron emission particle tracking (PEPT) was examined as a technique to study the motion of iron ore particles inside a laboratory batch jig. PEPT is a non-invasive method that can provide three-dimensional kinetic data on a particle in laboratory-scale processing units and has been successfully used to study mills, hydrocyclones, and flotation. Experiments were conducted to determine whether PEPT would be a viable technique to study iron ore jigging and what valuable information could be obtained. The results indicated that detailed information on the stratification rate of a particle could be obtained, with adequate resolution to track the particle?s movement through an individual jig pulse.

Jan 1, 2014

By B. P. Gilbertson

In her wonderful book, 'The Guns of August', historian Barbara Tuchman tells us that the French war plan for 1914 was dedicated entirely to an offensive strategy, not a defensive one. Plan 17, as it was called, concentrated everything on a French advance to the Rhine, leaving the French left virtually unguarded. This strategy could only be justified by the fixed belief that the Germans could not deploy sufficient manpower to extend their invasion around through western Belgium and the low provinces; and this in turn was based on the belief that the Germans would never use reserve troops in the front line. Al evidence to the contrary was ignored. But when the war came, the Germans followed Count Von Schlieffen's plan; they did use reserves in the front line and they did come the long way around on the west. The result- as you know-was a protracted war, with fearful consequences for the rest of our century.

Jan 1, 1994

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 Y. Fan, D. H. Zhang, J. Y. Xu

The hydrogeological conditions in the Chambishi mine area in Zambia. were investigated. Chambishi is a very wet mine and groundwater discharge costs are high. The research goal was to identify methods to reduce the discharge costs without greatly affecting the mining process. Hydrogeological data was obtained from measurements in drill-holes and from drill cores. The differences in structural deformation in different areas determine whether a layer of rock is an aquifer. In the mine region, the Lower Roan Group ore shale and quartz-sandstone unconformably lie on the basal schist and granite aquifuge. The Upper Roan Group dolomite is continuously distributed over a large area around the orebody. This dolomite is the main target of groundwater control efforts, and its water yield is also influenced by the deformation intensity. Based on the observations, backfilling was gradually adopted to appropriately safeguard the integrity of the aquifuge above the orebody. The overlapping relationship between the aquifer and aquifuge has been utilized to increase mine drainage efficiency. This measure has not only greatly reduced the costs of mine drainage, but also improced protection of the groundwater environment. The old drill-holes that were not sealed after exploration drilling were grouted. Further, possible water-conducting fracture zones were investigated. Cover drilling towards the suspected zone was conducted to prevent the high-pressure groundwater from shallower aquifers from entering stopes in deep areas of the mine.

Jun 10, 2024

By R. Boom, J. Halder, B. Snoeijer, B. Deo, A. Overbosch

Operational data of BOF and the slag samples for different starting conditions of phosphorus(0.06–0.26 per cent P) and silicon content (0.3–1.2 per cent Si) of hot metal have been analysed. The contribution of parameters that are well known to affect phosphorus distribution at tap, like basicity, temperature, FeO content of slag, slag mass etc., is investigated through the models of ionic theory of slag, optical basicity, regular solution approach and molecular theory of slag. The best overall results are obtained by the model based on molecular theory of slag in which several operational parameters are also incorporated. The investigations of different slag samples, based on optical, SEM, EPMA and X-ray studies, reveal the effect of MgO and Al2O3on slag morphology and phosphorus distribution in different phases. It is important to consider phosphorus distribution ratio in the solid and liquid part of slag. The solid part of slag, which is mostly dicalciumsilicate, can contain up to 5 per cent phosphorus. The phosphorus content of the liquid part of slag may depend upon the phosphorus content of hot metal or phosphorus load of slag. It is found that incorporation of effect of dicalciumsilicate in the model improves the accuracy of prediction. For better process control, the addition of iron ore towards the end of blow must be avoided while treating high phosphorus hot metal or during the production of ultra low phosphorus steels. Keywords: steelmaking, BOF, phosphorus distribution, slag morphology, MgO, Al2O3,dicalciumsilicate, process control, models

Jan 1, 2004

By C. Siyasiya

One of the problems that is occasionally encountered during the continuous casting of DIN 1.4003 stainless steel (hereafter referred to as 1.4003) is the side bulging effect, a problem that is generally prevalent in ferritic stainless steels. This occurs because the unconstrained narrow sides of the solidification shell are not able to withstand the ferrostatic pressure once the strand has emerged from the mould. Coupled with side bulging, there is strand width variation at high temperatures, i.e. when the steel is in the ferrite-austenite dual phase region. Both of these dimensional changes to the slab profile create some processing problems in subsequent hot rolling operations when unacceptable width variations are encountered. The strength of the solidification shell and its ability to withstand the ferrostatic pressure during continuous casting is dependent on its thickness and phase composition when exiting from the mould up to a few metres downstream. From the study of the high temperature metallurgical behaviour of this steel, it was observed that a thicker solidification shell when exiting from the mould and a higher austenite volume fraction in the steel would be favourable for the reduction of the side bulging effect during continuous casting. It was also found that as long as the d-ferrite to austenite phase ratio keeps fluctuating due to variations in chemical composition and process control in the dual phase region from cast to cast, the strand width variation problem would probably persist. The remedy to this effect lies in more strict chemical composition and process control during continuous casting of this steel. The hot ductility experiments revealed that 1.4003 exhibits good hot ductility in the strand straightening temperature range with a minimum of 75 per cent reduction in area and this was attributed to the high volume fraction of ferrite (0.2 to 0.4) in the steel. This would provide a remedy to side bulging by increasing the secondary cooling rate of the strand in order to form a thicker solidification shell without necessarily risking transverse cracking and other surface defects during unbending. Keywords: side wall bulging, resistance bending moment, applied bending moment, ferrostatic pressure.

Jan 1, 2005

By J. Autio, H. Malmlund

The excavation damage zone (EDZ) caused by drill and blast excavation consists of intense damage adjacent to the remaining half barrel of the blast hole, new fracturing induced by the blast and reactivation of pre-existing fractures. The properties of intense microfracturing adjacent to the half barrels of remaining blast holes are based on study of rock samples from ZEDEX-tunnel and it’s extension at Äspö and the Research tunnel at Olkiluoto in Finland. The new and reactivated fracturing is based on results of mapping of slots cut in the rock in ZEDEX-project. The zone of increased porosity adjacent to half barrels, which penetrates to a depth of some centimeters was studied by using novel 14C-PMMA method. The penetration of the radial fractures, which is an order of magnitude deeper, was studied by mapping using color penetrant. Results of EDZ studies carried out at Äspö HRL in Sweden and in Research Tunnel at Olkiluoto show that the properties of EDZ can be affected significantly by engineering design. The result imply that the additional pore volume caused by distinct fracturing around the blast holes caused by state-of-the-art smooth blasting technique could be of the same order as that of the damaged zone adjacent to the surface of the half barrels. Durch Bohr- und Sprengarbeiten entstandene Eigenschaften der Auflockerungszone: Die durch Bohr- und Sprengarbeiten entstandene Auflockerungszone besteht aus einem großen, an das Resthalbrohr des Bohrloches angrenzenden Schaden, neuer Rissbildung und einer Reaktivierung der bereits existierenden Risse. Die Eigenschaften einer immensen, an die Halbrohre der Restbohrlöcher angrenzenden Mikrorissbildung beruhen auf einer Studie über die aus dem ZEDEX-Tunnel gewonnenen Gesteinsproben und deren Fortsetzung im Untertage-Labor Äspö (Hard Rock Laboratory, HRL) in Schweden und im Forschungstunnel bei Olkiluoto in Finnland. Die neue und reaktivierte Rissbildung basiert auf den Auswertungsergebnissen der Schlitze, die bei dem ZEDEX-Projekt ins Gestein geschnitten wurden. Die Zone der vermehrten, an die Halbrohre angrenzenden Porösität, die in ein paar Zentimeter Tiefe eindringt, wurde anhand der neuen 14C-PMMA-Methode untersucht. Das Eindringen der etwas tiefer gelegenen radialen Risse wurde anhand eines farbigen Eindringungsmittels untersucht. Die in Äspö und Olkiluoto durchgeführten EDZ-Studien zeigen, dass die EDZ-Eigenschaften wesentlich durch Engineering Design beeinflusst werden können. Das durch Bohrarbeiten verursachte Hohlraumvolumen der Rissbildung um den Tunnel herum ist ähnlich wie das Hohlraumvolumen der Bruchzone um die Bohrlöcher herum. Caractéristiques d’une zone endommagée par le creusement résultant d’un creusement par forage et dynamitage: La zone endommagée par le creusement résultant d’un creusement par forage et dynamitage présente un endommagement intense adjacent au demi-cylindre restant du trou de mine, une nouvelle fracturation et la réactivation des fractures préexistantes. Les caractéristiques de la microfracturation intense adjacente aux demi-cylindres des trous de mine restants reposent sur l’étude des échantillons de roche en provenance du tunnel ZEDEX et de son extension au laboratoire souterrain d’Äspö (« Hard Rock Laboratory » ou HRL) en Suède et du tunnel de recherche d’Olkiluoto en Finlande. La fracturation nouvelle et réactivée repose sur les résultats du placement des rainures sur la roche dans le projet ZEDEX. La zone de porosité accrue adjacente aux demi-cylindres et pénétrant à une profondeur de quelques centimètres à fait l’objet d’études recourant à la nouvelle méthode 14C-PMMA. La pénétration des fractures radiales, considérablement plus profondes, a été étudiée par placement en utilisant un agent pénétrant coloré. Les résultats des études EDZ effectuées à Äspö et à Olkiluoto montrent que les caractéristiques de l’EDZ sont susceptibles d’être affectées de manière significative par la conception technique. Le volume vide de fracturation résultant du dynamitage autour du tunnel est du même ordre que celui de la zone concassée autour des trous de mine.service.

Jan 1, 2003

By t. Knezicek

Tuzla Coal Basin in Bosnia and Herzegovina is the largest coal area in the State. Regional mining industry sensed the need for mining machinery database development in order to achieve easier planning purposes and equipment selection for open cast mines in Tuzla Coal Basin. Several databases for mining machinery used on the bituminous deposits, i.e. on brown coal and lignite mines, were developed at the Faculty of Mining, Geology and Civil Engineering, Tuzla. System Development Method was used as the approach to the database development, generating relational structure of database. First database was established for trucks and was presented as simple table, drawn and filled on the paper sheet. In the next phase, data were stored in spreadsheet type software (Quattro Pro and Excel). Lately developed database is Bucket Wheel Excavator database designed in MS Access. Two concepts, spreadsheet and Access, were integrated into one large database, enabling manipulation of hundreds of data at one place. Required adaptations of existing database in MS Access, enables Access to be used as an integration resource. Database is designed to reserve free memory for input data for mining equipment not considered so far, such as spreaders, crushers, belt conveyors, tripper cars, etc. New, integrated database, at this stage, can be imported to any type of commercial or individual software where needed. Mining machinery integrated database for open cast mine operations is under going testing in a State company, Coal Mines Tuzla. Keywords: Tuzla Coal Basin, machinery database, SDM, relational database

Jan 1, 2003

By Sönke Schmachtel

Several possible physico-chemical properties of composite electrodes for oxygen evolution are presented to describe experimental data for which a mathematical model had been developed. On this basis, local electrical and electrochemical properties of a composite electrode were investigated with conductive atomic force microscopy (CAFM) and scanning electrochemical microscopy (SECM). It could be shown by CAFM measurement that the boundary between matrix and catalyst particles seemed to have special advantageous electrical properties. The SECM measurements showed the presence of mass transport phenomena with increased surface concentrations, whilst the thickness of the Nernst diffusion layer was very small. An intermediate was detected and assigned to be hydrogen peroxide. From all species involved in the oxygen evolution reaction (H2O2, H+ and O2), it was concluded that local active spots exist on the electrode on which hydrogen peroxide reacts to oxygen and protons. A two?step two-material process was suggested to explain the whole oxygen evolution mechanism.

Jan 1, 2008

By L. A. Matthews

The embrittlement of the Ti-6Al-4V alloy by hydrogen dosing at elevated temperature has been investigated. Metal coupons were subjected to isothermal treatments in a partial hydrogen atmosphere in the temperature range from 650ºC?950ºC and the degree of embrittlement after treatment was determined by drop-weight impact testing. Embrittlement was found to be inversely related to reaction temperature as a result of the combined effects of greater hydrogen absorption and titanium hydride precipitation at the lower isothermal temperatures. Keywords Titanium, hydrogen embrittlement, impact energy

Jan 1, 2011

Dr R. E. Robinson, Pr. Eng., obtained a B.sc. (Chem. Eng.) cum laude from the University of the Witwatersrand in 1950 and a Ph.D. (Eng.) from the same University in 1953, where he was awarded the Haikes Memorial Medal for Industrial Chemistry. Professor G. G. Garrett was appointed Professor of Physical and :Fabrication Metallurgy in the Department of Metallurgy at the University of the Witwatersrand in June 1980, and in January 1984 he became Head of the Department. Mr P. A. van Wielligh, Pr. Eng., climbed the mining ladder in the hard way, starting as a Mine Surveyor in 1936 and working his way up as Chief Surveyor, Underground Manager, Mine Manager, and Consulting Engineer, to Executive Director, including the intermediate steps. Mr H. E. James, Pr. Eng., is a graduate in Chemical Engineering from the University of the Witwatersrand. Both his B.sc. degree (1961) and his M.sc. degree (1964) were obtained on bursaries, the former from Gold Fields of South Africa and the latter from the Atomic Energy Board. Mr G. Pienaar, Pr. Eng., obtained a B.Eng. (Met) in 1967 and an M.Eng. in 1973, both from the University of Pretoria. Dr A. K. Haines, Pr. Eng., obtained all his degrees from the University of Natal, finishing with a. Ph.D. in 1971. Mr B. C. Alberts, Pr. Eng., obtained his academic training at the University of Pretoria, where he was awarded B.sc. degrees in both agricultural engineering (1963) and mining engineering (1965). Mr H. C. van Zyl, Pr. Eng., holds B.sc. degrees in mining engineering (1968) and civil engineering (1972), both from the University of Pretoria.

Jan 1, 1984

By B. Genc

"The risk of spontaneous combustion is well known in the South African coal mining industry. In the coming years it is very possible that the incidence of spontaneous combustion will increase from current levels, due to factors such as an increased rate of mining, re-working of previously mined seams, more stooping and total extraction for underground mines, and higher stripping ratios for surface mines, leading to more spoils. It is also fairly certain that coal mining will face tougher environmental emissions legislation in the near future. To determine the areas where the risks of spontaneous combustion are high, it is necessary to improve on our current laboratory procedures for testing and evaluating coal samples, combining the results with site and field data, and if necessary revising the laboratory rating system to refine our understanding of South African conditions.Currently, laboratory tests are conducted in order to determine both the Wits-EHAC index and the crossing-point temperature which, when combined, give an indication of the spontaneous combustion propensities of the coal samples. This procedure has enabled the establishment of a database of results to review and evaluate South African coal seams. Using this database, the high-risk areas in terms of spontaneous combustion are identified. Tests have been undertaken for five consecutive years, between 2008 and 2012. In total, 119 coal samples from different coal seams and production coalfields have been analysed and classified through a series of laboratory tests. A comprehensive database of these results is available, and is continually being updated as new test results are added. This database will continue to expand, and to provide the basis for an improved risk evaluation methodology for spontaneous combustion"

Jan 1, 2015

By S. M. Spottiswoode, A. J. Jager, N. C. Gay, J. A. Ryder

The South African mining industry is at present planning to extract orebodies at depths of up to 4 km. To do this cost effectively and, at the same time, ensure safe working conditions for mining, the personnel will require both the development of new strategies and the implementation of current rock-engineering technological developments on a wide scale. This paper covers most of the technological developments likely to be required for mining at very high stresses, but it is clear that improved regional support systems will need to be developed to ensure defective stability of the rockmass during mining operations. Similarly, it is clear that improved strategies for mining in large-scale geologically disturbed areas, where slip on faults or dykes can result in wide-spread rockburst damage, will have to be addressed

Jan 1, 1995

The spatial distribution of copper grades at the Mansa Mina project is highly variable due to the presence of high grade copper/silver/arsenic breccia bodies. Copper grades within the breccia bodies tend to average about 4.5% copper while grades in the surrounding stockwork average about 1.0%. The breccia is known to occur in the vicinity of significant controlling structures, however, the outline and therefore the thickness of the bodies are far from regular. Due to the high grade of these bodies a significant proportion of the value of the project is derived from the breccia tonnages. The irregularity in the outlines/thickness translates into an uncertainty in the breccia tonnage and therefore in the value of the project. Acknowledging the economic importance of the breccia bodies and the risk associated with the breccia tonnage uncertainty, significant additional drilling has been proposed to both understand the spatial distribution of the breccias and reduce project risk. The costs associated with this additional drilling are not inconsequential; thus, a reasonable question is ‘what value is derived from this additional drilling’? To obtain an answer to this important question, a simulation approach is applied. First the deposit is simulated using the existing drilling and the uncertainty in the resource is defined. Next the proposed drilling program is simulated and the simulated data are added to the existing data. Using this expanded data set a second simulation of the deposit is created and once again the uncertainty in the resource is defined. Using this approach, the reduction in the uncertainty in the resource can be determined. To convert this reduction in uncertainty (or reduction in risk) in the stated resource into a dollar value, a method of defining the increase in the project rate of return necessary to account for risk is presented. Using the two different rates of return, the difference in project NPV and hence the value of additional drilling is determined.

Jan 1, 2003

In constructing a financial model of a project significant effort is expended on capital and operating cost estimation, commodity price forecasts, and choice of discount rates while uncertainty in the primary input, the reserve, is often completely overlooked. The aim of this paper is to highlight the impact of uncertainty in the resource/reserve estimation process on the assessment of the financial performance of a project. Four qualitative processes have an impact on resource/reserve uncertainty. These stages are: 1.Ore definition 2.Geological interpretation 3.Resource estimation 4.Ore reserve estimation and mine planning. Each stage contains a number of tasks that may be considered as key performance activities (KPAs). Optimizing the manner in which these KPAs are completed can remove a great deal of uncertainty and error from the resource/reserve process. Examination of these KPAs within a company can also provide an insight to the quality of the information underlying the project. This will allow the company to identify any shortcomings in the data and to assess the resulting risks (Gilfillan, 1998). A hypothetical financial model based on a gold operation has been used to estimate the potential effect of resource/reserve uncertainty on revenue. Monte Carlo simulation has been employed to simulate a number of hypothetical scenarios: 1.a base case scenario which assumes no major errors or biases, but contains realistic margins for uncertainty that would exist in any project where work is being completed to the limit of best endeavours 2.a poor sampling scenario which assumes poor sampling practice and lack of understanding of sample preparation 3.a poor resource estimation scenario which assumes poor modelling and inappropriate choice of interpolation technique, and 4. a ?typical? scenario which represents a project where the majority of KPAs are not performed as best as they could be. The results show that realistic uncertainty ranges can generate changes in the estimate of potential revenue of plus or minus 30%.Therefore, it is important to allow for errors in these processes in any financial analysis or feasibility study. It is recommended that, when building a financial model, are view of relevant resource/reserve KPAs be carried out and appropriate ranges for uncertainty be applied to provide a range of potential outcomes. These outcomes can then be factored into the detailed cash flow analysis in order to ensure that technical uncertainty is built into financial decisions.

Jan 1, 1999