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By Li-ming Qi

During mining, the stress in the coal face varies, and, at the same time, the gas flows from the coal body into the excavation, which will cause the gas pressure to change continuously. Assuming the coal gas content of the coal to be constant, and applying the law of energy conservation, the influence of stress concentration on the gas pressure was analysed. It was found that the stress is proportional to the gas pressure. Finally, as a result of analysis and the law of gas flow, the gas pressure dynamic distribution ahead of tunnelling was modelled, and the mechanism by which blasting induces outburst was explained by making use of the model. Keywords: gas pressure, stress concentration, excavation, tunnel.

Jan 1, 2007

By S. Okubo, K. Fukui

Empirical equations established for estimating the rock strength of the working face based on the cutting forces of a tunnel boring machines (TBM) are further examined and discussed with respect to the dominant factors affecting TBM performance. Constants in the equations are related to TBM-specific parameters such as excavation (tunnel) diameter, cutter diameter, and cutter distance. The relationship between the constants and the TBM specifications is examined in this study on the basis of data collected at ten tunnels, and it is found that the constants are most strongly influenced by the cutter diameter and tunnel diameter. Zur Schätzung der Gesteinsfestigkeit an der Arbeitsfläche ermittelte empirische Gleichungen, die auf den Schneidekräften von Tunnelbohrmaschinen (TBM) beruhen, wurden weiter im Hinblick auf die vorherrschenden, die Leistung der TBM beeinflussenden Faktoren hin untersucht und diskutiert. In der Gleichung enthaltene Konstanten werden zu den TBM-spezifischen Parametern wie Auschachtungs- (Tunnel) Durchmesser, Schneidendurchmesser und Schachtlänge in Beziehung gesetzt. Die Beziehung zwischen diesen Konstanten und den technischen Daten der TBM wird in dieser Studie auf der Basis der bei 10 Tunnelbauten gesammelten Daten untersucht. Dabei wurde gefunden, dass diese Konstanten am stärksten von den Durchmessern der Schneiden und der Tunnel beeinflusst werden. Cette étude examine et discute les équations empiriques permettant d'estimer la résistance de la roche attaquée aux forces de coupe des tunneliers dans le cadre de l'étude des facteurs dominants affectant les performances des tunneliers. Les constantes de ces équations concernent les paramètres spécifiques des tunneliers comme le diamètre d'excavation (du tunnel), le diamètre du couteau et la distance de coupe. Cette étude examine le rapport entre ces constantes et les caractéristiques techniques des tunneliers d'après des données collectées dans dix tunnels et elle conclut que ces constantes sont principalement influencées par le diamètre du couteau et le diamètre du tunnel.

Jan 1, 2003

By A. Moss

The Palabora Mining Company has successfully extended the life of its operation by developing a 30 000 tpd block cave underground mine below the now closed open pit. The process of transitioning from surface to underground mining has been technically, operationally and managerially challenging. This has been due to a number of factors, in particular, the development of a block cave in a very competent rock mass. The competence of the rock mass is clearly demonstrated in the open pit that preceded the block cave, one of the steepest deep open pit excavations in the world. With cave breakthrough, however, the pit was ?instantaneously? deepened by 400 m causing a major failure of the north-west wall involving close to 100 Mt of waste material.

Jan 1, 2006

"Chairman: Mr. K. F. LaneRapporteur: Mr C. T. ShawPapers:Design of crushing plant flow sheets by simulation by T. GurunThe impact of transportation networks upon the potential supply of base and precious metals from Sonora, Mexico by P. de V. Harris and D. E. EurestyProfitability sensitivity analysis of a mining venture by C. A. Beasley and E. P. PfleiderTechnological innovation and its potential effect on the opening of new gold mines in South Africa by N. C. JoughinMr Turgay Gurun, in presenting his paper, indicated that this simulator was no purely theoretical exercise, but that the model had been used in the design of crushing plants of capacities ranging from 3 000 tons per day to 66 000 tons per day, and that recently the design of a plant of capacity of 99 000 tons per day had been studied.The crushing plant simulator was an independent portion of a much more comprehensive simulator for the design of a. complete recovery plant. It would be possible to use each section of this simulator on its own, and simulators would be designed to cover flotation concentrates, cash flow analyses of the entire project, and so on.Each simulator would be backed by a comprehensive data bank. For example, the crushing plant simulator was backed by such a data bank which included the performance and cost data from five manufacturers for an average of 30 items of process and materials handling equipment each. This meant that data preparation involved generally less work than would be required for a manual calculation. On average, data preparation for one run took 30 minutes and three minutes of computer time on an IBM 360/40 completed the run. The model could be valuable as a design tool in that it allowed the designers an opportunity to make a thorough examination of many alternative designs. It was also of value to plant operators as it could be used to predict the consequences of operating decisions.This paper generated much interest and there were numerous questions and contributions, so many, in fact, that the discussion had to be cut short.It was pointed out by Mr K. F. Lane that crushing plants represented a very large capital investment. A plant designed for 40 000 tons per day at 98 per cent efficiency might well in practice be run at 50 000 tons per day at, say, 83 per cent efficiency. He asked how, therefore, their design could be investigated without building economic criteria into the model? The author conceded that this was a tender point. He would have liked to have given facilities for more variability of the metallurgical information. He pointed out, however, that while there was no overdesign for conservatism built into his system, some overdesign was inevitable as the performance characteristics given by the manufacturers were generally conservative. Also, in his system, if lower recovery was allowed for, the system would nut through more tonnage."

Jan 1, 2014

This paper addresses the methodology of introducing risk into the development of mine plans for open pit mines. Recommendations are put forward for achieving a risk balance between mineral resource estimates and slope design. A design process identifying criteria for different stages of planning is presented. Business risk is separated from geological/geotechnical risk and procedures to address these within the development of mine plans are suggested. It is concluded that a formal design process improves communication between key decision makers and adds value to shareholders, investment.

Jan 1, 1997

By J. J. Taute, G. Chisakuta, P. Bwando, G. Mitshabu

"BASF Mining Solutions have developed a new generation of copper solvent-extraction reagents that offer significant benefits over the existing reagents available to the industry today. Initial laboratory studies and pilot-plant trials have shown that these new reagents offer the benefits of a dramatic increase in resistance to degradation and are nitration-proof. This paper details a recent pilot-plant campaign at a commercial solvent-extraction plant. The main focus was to evaluate the copper/iron selectivity, copper recovery and net transfer of the new reagent compared with the conventional oxime reagents. The new reagent displays similar copper recovery and net transfer capabilities from typical agitation leach solutions. The pilot-plant results show a step change improvement in copper/iron selectivity in comparison with the existing modified and non-modified hydroxyoxime reagents used on the commercial plant. INTRODUCTION Copper solvent extraction (SX) from an acidic aqueous solution is typically accomplished using a hydroxyoxime extractant (Jergensen, 1999; Kordosky, 2000; Szymanowski, 1993). There are three hydroxyoximes from which all standard formulations are derived: 5-nonyl salicylaldoxime (NSAO), 5-dodecyl salicylaldoxime (DSAO) and 2-hydroxy-5-nonyl acetophenone oxime (HNAO). In the case of NSAO, it is necessary to use equilibrium modifiers in order to increase the copper stripped from the extractant (Kordosky & Virnig, 2003). Blends of DSAO, NSAO and HNAO are used to cover a wide spectrum of conditions (Kordosky, 2008). Use of modified aldoximes and reagent blends over the last 30 years has influenced the way copper producers and equipment manufacturers have approached the operation of copper plants. Existing solvent-extraction reagents cater for typical pregnant leach solutions (PLS) of copper mining systems which do not have significant effects on the reagent. Table I illustrates the range of copper concentration, pH values, temperature and iron concentrations for different leaching operations. As conditions become increasingly aggressive (i.e., higher PLS temperatures in primary sulfide leach or high iron content), current reagents become less capable of functioning according to expectations. One example is the effect of high iron (Fe3+) concentration in PLS and operating SX to achieve high copper recoveries. The ferric is partially chemically extracted and is transferred to elctrowinning (EW) during the stripping stage. To avoid a build-up of iron in electrolyte, which negatively affects current efficiency, a bleed of electrolyte is required. This bleed leads to excessive consumption of reagents, such as cobalt added to the EW process, and thus increases operational cost."

Jan 1, 2015

By T. Song, X. Wang, X. O. Xia, X. J. Luo, B. Chen

Interparticle breakage is the main crushing mode of an inertia cone crusher according to its working principle and feeding condition. In this paper the breakage behaviour of an inertia cone crusher is investigated, based on energy controlled compression combined with the vibration theory, rather than geometry controlled compression (form conditioned) which plays a major role in conventional eccentric cone crushers. The effect of feeding and operating conditions on breakage behaviour was described quantitatively from the perspective of energy consumption and product size distribution. The influence of feeding conditions, discharge size settings and vibration exciter speeds on the crushing process and product quality has been studied according to the results of laboratory crushing experiments. The results of the experiments show that the particle size of broken products becomes finer with the decrease of a discharge gap within the gap range selected by the experiment. The product size increases significantly when the gap approaches the upper limit of 6 mm. The variation of eccentric speed has a more prominent effect on reducing the product size compared with the change of discharge gap. The change in product size is not apparent when the eccentric speed rises to a certain level. The throughput of an inertia cone crusher is sensitive to the change of discharge gap, which increases linearly with the discharge gap and decreases with the eccentric speed. The change of feeding conditions has little influence on the crusher throughput. Keywords: Inertia cone crusher, interparticle breakage, energy consumption, product size distribution

Jan 1, 2020

By H. Han, Z. Gao, Y. Gao, W. Sun, J. Wang

Strategic Ca-bearing minerals like scheelite and fluorite are usually separated by flotation, yet the separation is quite difficult due to their similar surface Ca active sites. Compared with the conventional strong collector sodium oleate (NaOL), lead nitrate-benzohydroxamic acid (Pb-BHA), complex collector shows a better selectivity for scheelite, yet its high cost hinders its wide application. Therefore, a novel collector (Pb-BHA-NaOL complex) was initially developed in this work to overcome the abovementioned dilemma. The flotation results of a single mineral showed that Pb-BHA-NaOL had a better selectivity for scheelite than Pb-BHA. Under the conditions of sequential assembly of Pb, BHA and NaOL at the molar ratio of 240:120:1 and pH 9.0, selective separation of scheelite from fluorite could be achieved without adding any depressants. In addition, for the same preferred scheelite recovery, Pb- BHA-NaOL could also save approximately 20% Pb and BHA compared with Pb-BHA. The analyses of the zeta potential measurement and X-ray photoelectron spectroscopy indicated that Pb-BHA-NaOL showed stronger adsorption on scheelite relative to fluorite. Meanwhile, Pb-BHA-NaOL showed more adsorption modes and higher utilisation of Pb and BHA on scheelite than Pb-BHA, which was due to the accelerator, NaOL. Keywords: Scheelite, fluorite, lead nitrate, benzohydroxamic acid, sodium oleate, flotation

Jan 1, 2020

By C. J. Badenhorst

Occupational illnesses and diseases tend to be chronic and are generally characterized by temporary or permanent physical dysfunction. With the exception of some symptoms, they are not generally visible. Therefore, safety overrides health in mining because occupational ailments take years to develop and management observes less physical trauma, if they witness anything at all. Occupational health issues need to be addressed systematically, encompassing all aspects of the interaction of employees within the work environment. Risk assessment is central to the management of occupational health. This should not be seen as a complex process and may involve little more than simply considering the consequences of one?s actions before starting work. Competent risk assessment provides the starting point and defines the scope of further action. The objectives and final use of an occupational health risk assessment determine the process and the method by which it is carried out. The occupational health risk assessment is therefore a systematic procedure to identify potential health hazards, evaluate the extent of exposure subjectively and/or objectively, and to establish the need for, and effectiveness of existing control measures. Furthermore, it facilitates the drafting of occupational exposure monitoring, medical surveillance and occupational health education programmes. Various models for conducting occupational health risk assessment provide step-by-step guidance for the identification and assessment of significant occupational health hazards and assist in producing suitable and significant occupational health risk assessments. The paper gives an overview of an occupational health risk assessment model based on the basic principles of occupational health and the legislative requirements, which will simplify the occupational health risk assessment process and ensure a sound base for the development of all other occupational health systems.

Jan 1, 2004

By M. M. Oosterveld

Diamonds are mined from ancient raised beach deposits in southern Namibia where complex geological controls have resulted in patchy diamond distribution, largely related to irregularities (trapsites) in the bedrock. The distribution of the number of diamonds per sample is a discrete, reverse- J shape distribution which can be characterized by two parameters. These parameters have been transformed into a Beta and Theta Contribution which can be interpreted as reflecting the 'quantity' and 'quality' of the trapsites. The relationship of statistical parameters, obtained during the sampling of an ore deposit, to the geology of the deposit is an important element of ore reserve estimation. The large-scale regional trends in the contributions have been explained in terms of the geology.

Jan 1, 1987

Professor R. N. Pryor, AR.S.M., B.8c., C.Eng., F.I.C.E., F.I.Min.E., F.I.M.M., who died on 14th July, 1979, after a short illness, was President of the Institution of Mining and Metallurgy for the session 1978-1979. Weld pool metallurgy A high level of current interest in welding characteristics and behaviour and in the properties of welds was amply demonstrated by the large attendance at The Welding Institute's 1978 Conference on 'Trends in Steels and Consumables for Welding' and by the overwhelming number of papers offered for the International Conference on 'Arc Physics and Weld Pool Behaviour' in May 1979. Mine ventilation The First International Mine Ventilation Congress was held in September, 1975, in Johannesburg, South Africa, at the University of the Witwatersrand. It was organized by the Mine Ventilation Society of South Africa. Occupational accidents and diseases The IXth World Congress on the Prevention of Occupational Accidents and Diseases will be held in Amsterdam from 6th to 9th May, 1980. Rock mechanics The 21st U.S. Symposium on Rock Mechanics is to be held at Rolla, Missouri, from 27th to 30th May, 1980. Protection against noise An International Symposium on the Protection of Workers Against Noisewill be held in Dresden (German Democratic Republic) from 27th to 30th November, 1979. Management of mineral resources A joint meeting of the Institution of Mining and Metallurgy, the Society of Mining Engineers of AIME, and the Metallurgical Society of AIME is to be held in London from 27th to 30th May, 1980. INFACON 80 During 1970 various South African institutes and associations agreed to organize an international ferroalloys congress. It was recommended that this should be made a continuing forum, where ferroalloy people could meet and discuss matters of mutal interest.

Jan 1, 1979

By K. S. Liddell

The Kell Process has been developed for the extraction of platinum group metals (PGMs) and base metals from sulphide flotation concentrates. The process has been successfully tested on several different sulphide flotation concentrates, including those from the UG2 chromitite horizon and the Platreef mafic/ultramafic layer. It has been shown to provide high (>95 per cent) and selective extraction efficiencies for the key valuable metals, i.e. Pt, Pd, Rh, Au, Ni, Co, and Cu. The Kell Process consists of several commercially proven unit operations. S, Ni, Co, and Cu are first selectively removed by use of a pressure oxidation step during which the dissolution of PGMs is minimized. The residue from pressure oxidation is subjected to a thermal treatment to ensure efficient PGM recovery by subsequent chlorination. All the core steps are very similar to well-proven conventional unit operations in common use, as are the subsequent metal recovery steps to provide marketable end products. Typical metallurgical responses of flotation concentrates from UG2 and Platreef to the Kell Process are provided, and key outcomes of an energy comparison study with smelting are summarized in this paper. Kell presents a potentially substantial improvement in PGM concentrate processing technology, in terms of economics via much-reduced power costs, ease of processing, and various environmental benefits. It allows for the treatment of high-chromium low-grade 'dirty' concentrates, such as secondary concentrates from the platinum industry's 'mill-float-mill-float' (MF2) flotation circuits and concentrates from retreatment of tailings. It allows greater concentrate mass pulls, has higher tolerance to gangue intergrowths in concentrates, and its use can provide substantial increases in overall PGM recovery. Its adoption would be a step change in the platinum industry, and given the commercially proven unit operations embodied in the Kell Process, at much-reduced risk compared with other more experimental technologies. Since the initial process development work, significant improvements and refinements have been introduced as a result of further compre¬hensive testing and process modelling. Pilot-scale testing and engineering study work is in progress for several selected sites.

Jan 1, 2012

By F. M. Russell

Scheduling the extraction and rates of production for an underground mining operation is a common task carried out during the life of a mine, from the initial feasibility study through to the final production phase. The scheduling process can be complex when several requirements have to be satisfied, for example, match mill capacity and maximize net present value while constrained by mining sequence and availability of resources. Many mines have computer programs relevant to their operation but because they are site-specific they need considerable reprogramming to be adapted to other operations. Other methods currently in use also suffer drawbacks: manual spreadsheets are laborious, computerized spreadsheets cannot handle sufficient constraints, and operations research techniques require a complex mathematical model to be set up. The use of network analysis techniques has been proposed previously but the unavailability, until recently, of easily used computer programs has not allowed this approach to be developed. There are now many programs which can be used; however, the particular program which has been adapted to mine scheduling is Metier's 'Artemis-PC' running on IBM-XT or compatible machine. The use of network analysis offers many advantages, including the use of a logical mining sequence; activities can be as detailed as required; related activities can be readily incorporated, and costs can be easily extracted. A heuristic approach is necessary to optimize the schedule, but the ease and speed of program execution enables this to be readily achieved, while leaving the mining engineer in full control. The paper discusses the problems encountered in mine scheduling and current solutions. It then details the use of network analysis techniques and the application of the Artemis-PC program to solve mine scheduling problems.

Jan 1, 1987

By P. Turcotte, E. Karampinos, F. Mercier-Langevin

In some underground hard-rock mines, squeezing compressive ground conditions are influenced by the presence of rock foliation and high stress. In these cases, the orientation of the foliation with respect to the drift direction has a considerable impact on the magnitude of the resulting deformation. Irrespective of the reinforcement and support strategy, keeping drives developed sub-parallel to the rock foliation operational is difficult, and often requires excessive rehabilitation during the lifetime of the excavation. This study uses field observations and convergence measurements at the LaRonde and Lapa mines of Agnico Eagle Mines Ltd to provide guidelines of the anticipated squeezing levels at these operations.

Jan 1, 2015

By J. Jacobs

The three-product cyclone was originally developed in Russia and is now extensively used in China. The cyclone has recently entered the South African coal industry, and with the obvious advantages that this item of process equipment offers our ever-evolving industry it is safe to assume that it will add value to dense medium circuits in South Africa. Some of the possible applications include: ? Producing multiple products using a single dense medium circuit. These can typically be a primary product with calorific value of 27.50 MJ/kg and a secondary (middling) product with a calorific value of 22 MJ/kg ? High-density separation with a low circulating medium density. Anglo Thermal Coal and Exxaro have pioneered the use of these units at Umlalazi and New Clydesdale respectively. Extensive test work has been performed at Umlalazi to determine the efficiency of the unit and to determine how it compares with the conventional DSM (Dutch School of Mines) cyclone. Some people in the coal industry were initially sceptical and expected the performance of the three-product cyclone to be inferior to that of the conventional dense medium cyclone. The results of the test work have, however, shown that the efficiency of the unit is comparable to that of the cyclones currently employed. A valid concern expressed is the control over the cut-point density of the second stage separation, and work is on-going to find the optimal way to control the secondary separation density. Theoretically, the secondary separation density can be manipulated by changing the orifices of the unit, especially the spigot of the secondary stage. This remains to be proven, and a series of tests is currently being planned. Whatever the result of these tests may be, the three-product cyclone definitely has a place in the South African coal processing industry as it offers a low OPEX and CAPEX solution for producing multiple products from a single circuit, as well as the ability to operate at very high separation densities, while making use of low-density circulating medium. Keywords dense medium separation, DSM, three-product cyclone, coal processing.

Nov 1, 2013

By C. Pohlandt

A literature survey of methods suitable for the determination of cyanides in process streams and effluents is presented. Of the large number of methods published, 92 are examined in detail, emphasis being placed on the selectivity of the methods, i.e. the extent to which they enable one to distinguish between ionic cyanide and metal-cyanide complexes. Methods designed for the determination of 'total cyanide' (i.e. ionic cyanide as well as coordinated cyanide) are evaluated critically. Other aspects of the methods are also considered, such as sensitivity, accuracy, speed, and freedom from interferences.

Jan 1, 1983

By M. M. D. S. Vemba

Paper written on project work carried out in partial fulfilment of B.Sc. Eng (Mining Engineering) degree Engineering refers to the application of mathematics and other sciences to logically develop solutions to problems. However, in opencast mining, due to the randomness of operations, the use of mathematics is often neglected. Instead, practices that have proven successful elsewhere tend to apply. At the other end of the scale, mathematical models have been developed to identify and quantify all the operational parameters involved in the loading and haulage of ore. These are then used to optimize the operation. Optimization in this context, refers to the reduction of cost through effective utilization of the available time and resources. Considering these mathematical models, the loading and transport system at SMC (Catoca Mining Society) will be assessed with a view to its optimization. The discussion will be introduced by considering the mine background and other general information, which will highlight the main operational variables.

Jan 1, 2004

By Y. Jeong, K. Kim

Excess water can lead to instability and even failure in tailings storage facilities (TSFs). Simply reducing the amount of water in TSFs could be the best way to ensure the safety of nearby communities. In this case study we investigated the effects of reducing the water content in tailings slurry at a copper-cobalt-zinc mine in Mexico. An environmentally friendly polymer was used as a drag reduction agent (DRA) to offset the increase in solids percentage. The potential effects of the increased solids concentration on the tailings transportation system were also assessed. A series of ‘what if’ studies was conducted to assess whether adding the polymer would allow the solids concentration to be increased without changing the pressure loss in the tailings pipeline. The studies entailed conducting pipe loop tests to investigate these changes under various solids/ polymer concentrations and then constructing a computational fluid dynamics (CFD) simulation model using the test results. The validated model was used to determine the optimal polymer percentages needed to maintain the same pressure loss under baseline (30% solids) conditions, and to assess the potential risks (clogging, increased erosion rates) to the pipelines. The potential water savings were found to be significant, varying from about 1.852 Mm3/a at 35% solids to 3.915 Mm3/a at 45% solids.

Dec 13, 2023

The February General Meeting of the Branch was held at the St. Helena Club on Wednesday, 19th February, 1969. Present were: Twelve members: Mr J. G. Kirchner (Chairman of the O.F.S. Branch), Messrs J. N. Saunders, N. A. Honnet, L. O. W. Leimer (Committee Members), Messrs R. C. Espley-Jones, J. W. Wilson, A. T. Lewis, A. von Holdt, L. J. Thorne, C. Mostert, V. O. Steed, H. H. Schellhorn. Nine Associate Members: Messrs E. R. Penny, G. T. C. Emere, M. Forster, K. Pearce, R. B. Sutherland, D. E. Couperthwaite,A. H. Edwards, M. D. de Lange, G. ,R. Still. Four Graduates: Messrs M. H. Smith, N. Mayer, T. R. Stromsoe, T. A. Ward. Four Affiliates: Messrs D. S. Robinson, L. D. Hulley, R. B. Smith, R. L. Soll11s.One Student: D. R. Fleming. Twenty-three Visitors. Total present: 53. Apologies were received from Messrs C. R. Netscher, A. Leger and V. C. Barnes. MINUTES OF PREVIOUS GENERAL MEETING The minutes of the General Meeting held on 15th November, 1968 and which were published in the February Journal, were taken as read and their adoption moved by Messrs J. N. Saunders and N. A. Honnet. There were no matters arising from the minutes. GENERAL BUSINESS The Chairman reminded members of the forthcoming visit by the Branch to the Dudfield Works of the Anglo-Alpha Cement Company, to take place on Wednesday 16th April. TALK ON ROCK MECHANICS The Chairman called upon Mr J. W. Wilson to address the meeting on the subject of the practical applications of rock mechanics to mining. Mr Wilson used a slide projector to present his subject in a most interesting and instructive manner which eventually resulted in much useful discussion taking place. The Chairman then called upon Mr A. von Holdt to thank the speaker. CLOSURE After thanking the speakers, the Chairman thanked members and visitors for their attendance and closed the meeting at about 10 p.m., after which refreshments were served.

By A. S. Macfarlane

The South African Institute of Mining and Metallurgy was approached by the Australian Institute of Mining and Metallurgy to present a paper on the current practice in terms of the valuation of mineral projects and properties, given the development of a Code for the Valuation of Mineral Properties, developed in Australia (the VALMIN Code), and a similar Code in Canada (the CIMVal Code).This paper is the result of research and investigation into the matter, in terms of the reporting of Mineral Resources and Reserves, financial reporting practice, the Listing Rules of the Johannesburg Securities Exchange, and various practices in valuation. The paper establishes that a strong linkage has already been established between the SAMREC Code for the reporting of Mineral Resources and Reserves and the Listing Rules, and that, for completeness, a Code for Valuation needs to be developed. This Code will be similar to its international counterparts, with the necessary inclusions which are relevant to South Africa, and will provide guidelines and definitions on matters such as transparency, materiality and competency in valuation. It proposes that a multi-stakeholder steering committee be established under the auspices of the SAIMM, to deliberate and design a process for establishing such a Code.

Jan 1, 2002