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By C. Bester, G. M. Rohde

A major challenge in the mining sector is the responsible management and efficient storage of mine residue. Over recent years numerous tailings dams have experienced unintended spills and failures, with severe consequences for the mining industry, the environment, local communities, and the regional economy. The fourth industrial revolution (4IR) is impacting society due to increased interconnectivity, processing speed, and automated technologies. This paper explores whether 4IR technologies have the potential to mitigate risks associated with tailings dams. Experts in the field of tailings dam operational management were surveyed to determine their view on the risks associated with tailings dams and the potential of 4IR technologies to mitigate these risks. The survey found that a majority of experts believe that certain 4IR technologies have the potential to reduce the risks associated with tailings dam failures.

May 27, 2025

By S. Lohmeier, D. Gallhofer, B. G. Lottermoser

Reprocessing of historic gold tailings is a common activity in South Africa, while base metal tailings offer similar reprocessing potential. The historic base metal tailings of the Namib Pb–Zn mine (Erongo Region, Namibia) still contain valuable resources of Pb and Zn in carbonate-rich matter. Micro-analysis of primary ore minerals identifies some galena as argentiferous and sphalerite as the principal host of Cd. This study demonstrates that knowledge of primary ore mineralogy helps to reveal the hosts of valuable commodities (Ag, Cd) and that field-portable X-ray fluorescence tools allow precise and accurate determinations of major and minor elements like Zn and Cd in such carbonate-rich material. Although there are limitations to directly determine the contents of certain element (i.e., As, Sb, In), linear correlations allow prediction of the likely abundance of these elements. Providing that the inter-mineral and inter-element relations are understood and there is consistency in sampling and analytical methodology, portable X-ray fluorescence analysis is an effective method to evaluate the chemical characteristics of base metal tailings for a range of major and trace elements.

Sep 9, 2024

By R. Uwaoma, A. Goosen, R. Matjie, K. Mphahlele, J. Bunt

Coal properties that are associated with wear and damage of grinding equipment during pulverization prior to combustion were investigated. A South African Highveld feed coal and its beneficiated fractions were crushed to <1 >0.25 mm particles for the grindability tests. These particles were milled and screened into <75 μm and >75 μm fractions, which were analysed by different techniques to establish a correlation with the conventional Hardgrove Grindability Index (HGI). The <1.5 g.cm-3 float fraction, which contained 93 vol.% (mineral matter free) total -macerals,9% kaolinite, and had the lowest HGI (57) (hardest to grind) was pulverized for 15, 30, 60, and 120 minutes for particle size distribution analysis. This analysis indicated that the content of <75 μm particles increases with increased grinding time. The >1.9 g.cm-3 sink fraction, with the highest HGI (76), 44% kaolinite, and 20 vol.% total macerals, was ground easily to generate the highest proportion of <75 μm particles. Based on higher correlation coefficients (R2 = 0.77–0.91), the ash yield, mineral matter, petrographic composition, and fixed-carbon have significant effects on the HGI. Conversely, the inherent moisture and total sulphur (R2 = 0.48–0.62) have only minor effects on the HGI. Results from this investigation could be implemented in the preparation of a suitable pulverized fuel with little equipment wear, as well as utilizing mineralogical and petrographic compositions. Finally, the effect of microlithotypes and maceral types in South African feed coals on the HGI should be investigated in further pulverization and grindability studies.

Jul 5, 2023

By T. Nghipulile, G. Dzinomwa, J. Kurasha, M. Amwaama, B. Mapani, K. Maweja, T. E. Moongo

The effect of mineralogy on the grindability was investigated using three copper ores – two sulphides and one oxide. The dominant copper minerals were identified by optical microscopy and mineral chemistry derived from SEM-EDS analysis. The sample designated sulphide 1 was borniterich, sulphide 2 ore was mainly chalcopyrite, and the oxide ore was predominantly malachite and minor azurite. The gangue minerals were identified using semi-qualitative XRD analysis. Sulphide 1 contained more than 80% (w/w) of quartz compared to about 70% in the other two ores. The Bond work indices were 13.8, 21.6, and 17.3 kWh/t for sulphide 1, sulphide 2, and oxide ore respectively. This suggested that the chalcopyrite-rich ore is the hardest, while the malachite-rich ore has intermediate hardness, and the bornite-rich ore is the softest. The brittleness indices of the ores were calculated using the chemical composition of the gangue, and a good correlation between brittleness indices and Bond work indices was observed, which highlights the importance of the gangue composition in determining the fracture behaviour of the ores. There is scope for further investigation into the relationship between ore mineralogy and comminution behaviour using other breakage characterization techniques.

Mar 30, 2023

By I. V. Filippova, Y. Foucaud, M. Badawi, L. O. Filippov, S. Lebègue

To optimize the flotation of Ca-minerals, their separation contrasts were investigated by coupling experimental and theoretical techniques. We showed that they mainly rely on structural properties such as the Ca-Ca distance on their exposed surfaces but also on the ability to control the intermolecular interactions. An optimized composition of the carboxylic collector by calculating the collector-mineral and the intermolecular interactions was developed. Blending the saturated acids and non-ionic molecules with a fatty acid collector significantly increases the flotation selectivity between scheelite (CaWO4) and fluorite (CaF2). The theoretical results were validated by experimentally improving the separation contrast between Ca-minerals. After the tests of several depressants and collectors, the best depression of gangue Ca-minerals (fluorite, apatite and vezuvianite) was found by combining sodium silicate and sodium carbonate. Keywords: Ca Minerals, Fluorite, Scheelite, Carboxylic acids, Unsaturated Acid, Fatty acids

Jan 1, 2020

By S. Govender, J. J. L. du Plessis, R. C. W. Webber-Youngman

Spontaneous combustion (SC) is a cold oxidation reaction that generates heat, causing a temperature rise of the reactant and leading, with limited heat dissipation, to self-ignition of the reactant, which occurs without an external heat source. Although not limited to coal, the most significant hazard of SC are the fires that occur in coal mining operations around the world. These fires pose a serious risk to the safety of workers in the mines as well as adverse effects on the environment, and can affect the quality of life for current and future generations. We investigated the occurrence of SC in raw coal storage bunkers with the purpose of compiling a decision analyser for engineers designing or working with coal storage bunkers. Specific experts were interviewed from different backgrounds and companies, followed by field research at a coal mine. The important factors affecting the possibility of SC occurring were the type of coal supplied to the bunker, the mining practice, and physical conditions around the bunker. The information presented here will assist in reducing the SC risk in raw coal storage bunkers. These findings, together with the systematic decision analyser developed, will assist design engineers and mine personnel to take early preventative steps in managing SC. The decision analyser was tested for many different scenarios and gave good guidance on how to minimize and prevent SC in bunkers

May 1, 2021

By K. Sasaki, S. Kuroiwa, H. Miki, Y. Aoki, T. Hirajima, Y. Orii, G. P. W. Suyantara

Selective flotation to separate copper minerals from, for example, Mo- and/or As-bearing minerals is a continuing problem because the selectivity of current systems is imperfect. Selective Cu-As flotation is currently difficult, and the most common Cu-Mo selective flotation method uses NaHS; this must be done in an enclosed system because, under acidic conditions, this method produces hydrogen sulfide. In this paper, some novel alternative flotation processes that use redox reactions are discussed; these methods have a much lower environmental impact. Oxidation and reduction reactions can be used to make copper minerals more hydrophilic and Mo-bearing minerals more hydrophobic. X-ray photoelectron spectroscopy (XPS) analyses indicated that the copper minerals became hydrophilic because hydrophilic iron precipitated and several hydroxides covered the copper minerals’ surfaces, whereas the molybdenum minerals remained hydrophobic because their sulfide surfaces were not covered. Flotation experiments on these minerals after redox treatments indicated that excellent separation of Cu-minerals from Mo-minerals can be achieved. Possible mechanisms for this separation were investigated using detailed surface analyses and thermodynamic calculations. The additives used to initiate the redox reactions are easy to handle and make these new flotation procedures better than current processes because the new methods do not emit effluent gas and because they are commercially viable. Keywords: Flotation; chalcopyrite; molybdenite; oxidation; reduction

Jan 1, 2020

By Turgay Gurun

"Digital simulation can be used as an analytical tool to optimize the design of crushing plants without need for large-scale experimental programs.General mathematical description of a crushing operation permits the simulation of a crushing plant flowsheet under various operating conditions. The process model encompasses multistage open- and closed-circuit crushing of hard and soft rock. Crushing balances are analyzed in the light of crusher and screen performance and a comparison of different closed-circuit arrangements is made in terms of process and layout criteria.The simulation model allows comparison of process alternatives to be made in terms of equipment selection and capital and operating cost estimation. It thus provides the pertinent practical information to maximize plant efficiency, and to minimize expenditures in such items as equipment, structures, power consumption, and so on."

Jan 1, 2014

By A. Kapito

The ferrite-pearlite microstructure is the most popular microstructure for alloys used in structural applications, including railway wagon wheels. These alloys have been designed through alloying and thermo-mechanical processing to have a refined microstructure. Ferrite-pearlite alloys are low cost, weldable, have good fabricability, and are reliable under extreme conditions. Given these performance attributes, it seems unlikely then that their dominant position as structural steels would ever be challenged by alternative microstructures. One major achievement in the development of ferrite-pearlite steels has been in the refinement of their interlamellar spacing to very fine distances of the order of < 0.3 µm. A refined microstructure increases the hardness of the alloy, thus increasing its life under wear conditions. The interlamellar spacing in pearlitic steels has, however, been refined almost to its theoretical limit. The increasing demand for speed and increased axle loading on railway wagons requires the use of stronger, tougher, and more durable materials. This has opened the window for the development of novel bainitic steels. Bainitic alloys have a higher level of microstructural refinement than pearlitic ones. They have shown to have good wear resistance and rolling-contact fatigue resistance, and high toughness. This paper will discuss the progress to date on the development of bainitic railway wheel alloys. Four alloy chemistries have been chosen for possible further development.

Jan 1, 2012

By J. van der Merwe, C. Phetolo, V. Matjeke

The mechanical properties and microstructure of AlSi10Mg alloy samples that were printed by selective laser melting (SLM) were studied to determine the effect of processing parameters and building orientation. After printing, the alloy was stress relieved at 250°C for 2 hours. The microstructures were analysed by optical microscopy and scanning electron microscopy (SEM) to determine the alloy phases and distribution. Phase transformation characteristics of the material were evaluated using differential scanning calorimetry (DSC). Mechanical properties were determined by subjecting the XY- and Z-built samples to tensile and nano-indentation testing. The samples from the tensile tests were then used to perform fractographic analysis by SEM. The microstructural properties in each orientation revealed a non-homogeneous microstructure which was characterized by a semi-elliptical tract and fine silicon precipitates, which were found to be softer along the fusion zone. The DSC thermograms revealed that the material underwent two phase transformations during the first heating cycle. The mechanical properties revealed a higher UTS, higher yield strength, and a lower percentage elongation in the Z orientation than in the XY orientation. Fractographic analysis showed that crack initiation in both orientations started from the surface in a brittle manner due to surface flows, and then propagated via microvoid coalescence.

Jul 1, 2021

By O. F. Oxtoby, J. E. Olsen, M. W. Erwee, Q. G. Reynolds

"The extraction of molten products and wastes through smelting furnace tap-holes during the tapping process is a complex procedure involving many coupled thermophysical effects. Insight into the fluid flow behaviour in such systems can be gained by using computational mechanics tools to build highfidelity models of the fluid flow and other relevant physics. Previous work using such models indicates that the nature of the flow in the tap-hole, as well as operational parameters such as the tapping flow rate, depends strongly on the properties of the material being tapped and the geometry of the tap-hole channel. Additional complications arise when multiple fluid phases (for example, slag and metal) are present simultaneously, when porous coke beds hinder flow to the tap-hole entrance, and when the geometry of the tap-hole changes over time due to cycles of wear and repair. In the present work, challenges with the coupling of phenomena such as multiphase flow and porosity into computational fluid dynamics methods for tap-hole modelling are discussed in the context of electric furnaces used for ferromanganese production. Qualitative and quantitative results of computational models of flow through tap-holes are presented and compared as a function of material parameters to determine sensitivity effects, and in response to operational parameters to determine typical process behaviour over the duration of a tap. IntroductionPyrometallurgical production using electric furnaces accounts for substantial portion of the world supply of ferroalloys and other strategic materials (Degel et al., 2015). A range of different furnace designs may be used depending on the metallurgical process, with circular three-electrode submerged arc furnaces (SAFs) powered by alternating current being the most common for commodities such as ferromanganese and silicomanganese (Olsen, Tangstad, and Lindstad, 2007).As shown in Figure 1, manganese furnaces typically operate with a deep charge consisting of an upper layer of loose burden (onto the upper surface of which is fed solid raw material), a molten slag layer partially or completely filled with unreacted carbonaceous reductant (generally metallurgical coke), and a molten metal layer which settles to the bottom of the furnace due to its high density. The solid particles present in the slag and burden layers form porous beds which hinder the fluid flow of molten process material and gases inside the furnace (Olsen, Tangstad, and Lindstad, 2007).In order to remove material from the furnace during normal operations, a single tap-hole is built into the sidewall of the vessel near to the level of the hearth. Tapping involves removing both slag and metal phases through the same tap-hole channel, which makes tap-hole design, operation, and maintenance particularly complex. In the case of processes such as ferromanganese, which operate with no external gas injection or open arcs present at the furnace electrodes, flow of material out of the tap-hole is driven primarily by the hydrostatic pressure generated by the weight of the solid and liquid phases above the tap-hole."

Jun 1, 2019

By A. Sokolov, M. Demsky, E. Hasikova, V. Gostilo

"Previously, we upgraded and implemented two gamma activation assay (GAA) systems designed to analyse the gold content in raw ores at Zarafshan laboratory, Uzbekistan, and achieved a detection limit of less than 0.05 g/t under actual industrial conditions. Having started to design a fully modern, industrial GAA system for mining companies, this paper analyses the advantages, disadvantages, and special features of all major system components that can influence the sensitivity and accuracy of the analysis. The results of a study to optimize the detector geometry and sample size are presented and the performances of the linear electron accelerator, detector array, and sample transportation system of a modern, industrial GAA system for analysing gold, silver, and rare earth elements are considered. IntroductionGamma activation analysis (GAA) has considerable potential as a future replacement for traditional fire assay analysis in gold mining (Hoffman, Clark, and Yeager, 1998; Morse, 1977; Bourmistenko, 1986, 1981; Sammut, 2016; Tickner et al., 2017). The essence of GAA is to irradiate ore samples with high-energy gamma quanta generated by an electron linear accelerator (LINAC) and then to use a gamma spectrometer to detect the induced activity of the excited gold nuclei. The advantages of this method are discussed in detail elsewhere (Hoffman, Clark, and Yeager, 1998; Morse, 1977; Bourmistenko, 1986, 1981; Sammut, 2016; Tickner et al., 2017), where it is shown that GAA is uniquely suited to analysing ore samples when mining for gold, other precious metals, and accompanying elements.These advantages were realized in three industrial GAA laboratories that were commissioned in Zarafshan, Uzbekistan in 1977, in Magadan, Russia in 1979, and in Batagay, Russia in 1986 (Bourmistenko, 1986; Nii Tekhnicheskoy Fiziki I Avtomatiki, n.d). In 1989, a fourth industrial GAA laboratory was commissioned at a gold mine in Tommot, Russia. However, the project was subsequently halted due to economic reasons (Moshkov and Tjamisov, 2017). Currently, only the laboratory of the Muruntau mine in Zarafshan, Uzbekistan is in operation. The gamma activation method for gold determination is widely applicable at this mine owing to its high productivity and low cost of analysis. An outstanding aspect is the performance of more than one million analyses per year."

May 1, 2019

By J. W. van der Merwe, A. M. Maleka, V. J. Matjeke

The 10.5–12.5% chromium, titanium-stabilized ferritic stainless steel (FSS) plates used to fabricate coal line jumbo wagons is susceptible to undesirable chromium depletion during welding with 309L electrodes. In this work, non-stabilized FSS plates were welded using 308L welding electrodes. The objective was to weld non-stabilized FSSs using gas-shielded metal arc welding without causing sensitization. The welding process was optimized by lowering the heat input. Sensitization was assessed by rigorous etching techniques and anodic polarization scans. In addition, the welds were subjected to tensile testing, and their fracture surfaces were examined for intergranular cracking. Non-stabilized FSS plates were successfully welded using gas metal arc welding.

Apr 5, 2023

By T. P. Chidakwa, T. R. Stacey

This study investigated the corrosion rates of various steel types and coatings used for friction rock stabilisers in a deep-level gold mine under diverse underground environmental conditions. Testing was conducted in situ within ramps, intake airways, and exhaust airways, and through simulated laboratory experiments. Results revealed that environmental variations significantly influence the corrosion performance of different materials and coatings. Duplex coatings, made up of galvanised steel with an organic paint layer, demonstrated the highest corrosion resistance. Zinc-based coatings provided moderate protection, while 3CR12 stainless steel and uncoated S420 carbon steel exhibited comparatively poor resistance under both aqueous and atmospheric conditions.

Mar 4, 2025

By M. Paricheh, M. Rahmanpour

"The cost efficiency and high reliability of semi-mobile or combined in-pit crushing-conveying (IPCC) and truck systems, compared to conventional truck-shovel systems alone, make them more attractive for use in modern mining operations. Semi-mobile systems, which are the most common systems in open-pit mining, combine the advantages of both systems such that fewer trucks are required, operating costs are lowered, and the operation is environmentally sound. One major aspect of utilizing this system is determining the location of the in-pit crusher and the timing of relocations. Facility location models are rarely used in the mining sector, but these models may be used for solving the in-pit crusher location problem. To this end, the main parameters affecting the IPCC location in open pit mines are reviewed and examples given of how they are applied to a dynamic location-relocation problem. Subsequently, the model is implemented for Sungun copper mine in Iran and the number and the exact time of relocations of the IPCC units determined. IntroductionNowadays, compared to the last century, metal prices are more volatile, average and cut-off grades have decreased, and stripping ratios increased. From a mining engineering point of view, many ore deposits with simple access and low capital and operating costs have been exhausted. The remaining deposits are located at depth, with no easy access, which requires high initial capital costs (Osanloo, 2012). Mining at great depths and high tonnages is possible only through open pit mining. Today, more than 80% of open pit mines in the world use a shovel-truck system for loading-hauling operations (Osanloo, 2010).With increasing depth, haulage distances increase and the number of loads per truck decreases. As a result, fuel, tyre, and depreciation costs per ton increase. Owing to these factors, open pit mining at great depth (300 to 1000 m) using shovel-truck systems faces some technical and economic problems. In-pit crushing-conveying (IPCC) systems have been known in the mining industry for many decades. The idea was introduced in 1956 in Germany. Today, the cost efficiency and high reliability of IPCC make it more appealing than conventional shovel-truck operation, especially in longer life projects with lengthy transportation distances and high production rates (Koehler, 2003). Since 1956, different aspects of this system have been reviewed by many researchers. Barua and Lanergan (1985) developed a computer program that compares the tonnage aspects of various conveyor layouts. They believed that to maximize the economic benefit of lower haulage costs associated with in-pit conveying, one must first minimize the cost of the flatter slope, which is expressed in terms of additional stripping or tied-up ore. Dos Santos and Stanisic (1987) evaluated the design of a high-angle conveyor at the Majdanpek copper mine. Then, Sturgul (1987) applied GPSS (general purpose simulation system) to find the best location of an in-pit crusher."

Jan 1, 2017

By M. Abdellatif

The production of a 40% Al-Ti alloy was successfully proven at the lab scale, using pure TiO2, aluminium, and lime. These tests were conducted in an induction furnace maintained at 1600?16250C. The introduction of rutile into the feed recipe resulted in an alloy containing between 0.35 and 1.10% Zr, depending on rutile to TiO2 ratio. DC arc production of the alloy was largely accomplished at 40 and then 200kW scale. These tests evaluated various metallurgical and operational factors including target slag composition, Ti-content in the alloy, co-feeding versus sequential, furnace bath depth, and rutile as part of the Ti containing feedstock. Overall, an alloy containing 24?33% Ti was consistently produced with co-feeding of the reactants and with lower taphole tapping. When rutile was added, the zirconium analysis in the alloy remained below 0.2%. The main impurity elements were iron, silicon, carbon, nitrogen, and oxygen.

Jan 1, 2009

By J. P. Gous, M. Tangstad, J. D. Steenkamp

In April of 2013 a 48 MVA submerged arc furnace producing silicomanganese was excavated in South Africa. One of the areas excavated systematically was the furnace taphole. The aim was to obtain a refractory wear profile of the tap-hole area, together with affected hearth and sidewall refractory. Subsequently, thermodynamic modelling was applied to quantify the potential for chemical reaction between refractory and slag and refractory and metal in the tap-hole area.

Jan 1, 2014

By E. Saari, B. Musuku, K. Jansson

The quality of the concentrator plant process water is crucial for high performing mineral flotation circuits. Significant metal recovery and concentrate grade losses have been noticed particularly in more closed water loops. The recovery and quality losses have started to emerge mainly with decreased freshwater usage and because of changes in tailings management towards tailings thickening, paste, or dry stacking. These changes result in shorter, closed water loops with a rapid build-up of harmful components with negative impact on the beneficiation process. Consequently, water quality has a direct link to decreased product value and sales returns. Complete cleaning or water blending might not be the right way to achieve high recovery and high-quality products. Instead, the key is to understand what kind of water qualities are needed for the flotation of specific minerals. In this study harmful substances in various plant water streams were removed and/or modified by pilot-scale dissolved air flotation. Batch-scale mineral flotation tests with the untreated and treated water were then performed by using fresh ore samples and the plant’s own laboratory flotation procedure. The results indicate that because of dissolved air flotation, the mineral flotation recoveries were enhanced by 1‒3.3%. Keywords: Mineral recovery, metal recovery, mineral quality, process water, concentrator, beneficiation, mineral processing, flotation, process water treatment

Jan 1, 2020

By J. Basson, L. R. Nelson, L. A. Cramer

The South African based platinum mines produce the world?s majority of platinum metal that is used in autocatalysts and jewellery. As the platinum market is forecast to grow at healthy rates into the future, the South African producers, Anglo Platinum, Impala, Lonmin and Northam are planning to expand in the next decade. Furthermore a number of smaller producers who are accessing other mineral rights are entering the buoyant market. The South African platinum mines have traditionally exploited the Merensky reef of the Bushveld Igneous Complex (BIC); however, the mining of this reef is reaching depths that require significant vertical shaft systems and costly refrigeration for access to the ore bodies at deeper levels. In the past decade all of the producers have begun to mine the less attractive UG2 reef because of its cheaper mining costs. This UG2 reef contains significant quantities of chromite with typically a chrome-to-iron (Cr/Fe) ratio of 1.35. UG2 ores can contain between 10 and 25% Cr2O3 depending upon the reef width and the selected mining method. It is relatively cheap and easy to extract a portion of the chromite from a platinum concentrator tailings stream at a grade of between 40-42% Cr2O3. However it is only in recent years that some ferrochrome producers have begun to source some of their chromite from the tailings of platinum producers. South Africa is also the world?s largest single producer of ferrochrome and supplies much of the world?s stainless steel producers and thus the growing market for their product. As the traditional sources of high Cr/Fe ratio ores have been depleted at the shallow economic depths and thus have become more expensive sources of chromite, technical developments have improved the ability to use fine chromite economically to make acceptable grades of ferrochrome. Thus UG2 fines are now becoming possible cheap sources of acceptable feed to the ferrochrome industry. The abundance of feedstock for ferrochrome production and the lessening dependence on mined material will impact upon the structure of the ferrochrome business in South Africa. With continued platinum mining from UG2 reefs, South Africa is set to remain highly competitive in the world?s ferrochrome/stainless steel industry.

Jan 1, 2004

By I. Benning

Since the dismal performance of the Rand Mines management was called to account by its shareholders in 1994, the waves of change have continued to ripple across the South African mining industry .The number of listings on the gold board of the Johannesburg Stock Exchange, that once numbered 40 or 50-odd, have now dwindled to no more than a handful as unprecedented restructuring has taken place. The redefining of the industry has not been limited to the gold sector, but across the base metal, coal, diamond, platinum and industrial mineral sectors as well. At the same time the Mining Houses began to reconsider their funding strategies. Originally established in the early part of the century to ensure the long-term sustainability of their group mining operations by providing substantial financial muscle and technical support, the Mining Houses were faced with a rapidly changing political environment, which proved to be a critical catalyst in giving momentum to the change. Furthermore, the significant development costs and increasing risk profile for new projects, coupled with pressure from shareholders demanding respectable returns, opened the door to opportunities for banks to begin providing external debt by the way of project finance. However, the provision of long-term debt to the South African mining industry had generally not been common since mining companies had financed new projects with equity, or with the cash flows from existing operations. Those banks that had the appetite for exposure to the perceived high risks of the mining sector rapidly built up specialist resource banking divisions capable of addressing the increasing demands of the industry. The application of project finance, the principles of which were developed in the 1970s specifically for infrastructure projects and privatization, is now commonly applied in the financing of greenfield and brownfield mining projects. This paper outlines the approach that lending banks would typically adopt when arranging or providing mining project finance, their usual areas of concern and the way in which the finance is structured to mitigate the many inherent risks.

Jan 1, 2000