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By R. R. Klimpel

The industrial processing of ores containing precious metals such as gold is generally very mining site specific, e. g. McQuiston and Shoemaker (1985), vanZyl et. a1. (1988), Fuerstenau and Hendrix (1990), and Hausen et. a1. (1990). The variety of various mineral processing techniques employed is extensive and includes size reduction, size classification, gravity separation, roasting, cyanidation, chemical and/or bacterial leaching, ion exchange and/or solvent extraction, and froth flotation. Gold occurs in the earth's crust on the average in very low concentration estimated by various sources to be between two and five parts per billion. For a specific ore deposit to be considered as an economic source of gold, generally a concentration of near one part-per million (one gram / Mton) or more is required. From a mineralogical viewpoint, gold often occurs in its native or free form. However, it can also occur as gold compounds of telluride, antimony, and selenium contained within either sulfide minerals such as pyrite, arsenopyrite. and pyrrhotite or, to a less extent, within silicate, oxide, and carbonate minerals. In many locations, alloying of gold with silver is found. The optimal processing method for recovering gold is determined by many factors such as the mineralogy of the gold bearing minerals as well as the associated mineralogy of the gangue minerals, the type of liberation profile of the gold bearing minerals upon' size reduction, and the particle size of the gold itself. Free or native gold particles can vary in size from the extreme of large nuggets to very finely disseminated gold associated in a complex sulfide mineral matrix. Typically free gold particles of several hundred microns or larger are efficiently recovered by one or more of a number of gravity based techniques due to the large specific gravity differential of gold (19.3 to 15) versus typical gangue minerals (5 to 2.7). When gold is associated with a sulfide (usually pyrite) matrix, historically most industrial plants involving size reduction and subsequent liberation have operated in a size range of 50 to 80 percent less than 75 microns. Grinding finer than this has been normally not economical unless the ore has a high gold content in the feed ore.

Jan 1, 1998

By Abdallah Khair, Nathalie Risso, Arie Herrera, Victor Tenorio

This study introduces a machine learning strategy to optimize icy regolith extraction from the Shackleton-de Gerlache Ridge using autonomous mining equipment. The model incorporates key parameters—distance, road gradient, vehicle load, speed, recharge logistics, and regolith water content—into a cost framework for excavation, hauling, and dumping. Regression models estimate energy and time requirements; classification predicts terrain navigability; clustering groups craters for efficiency; and K-Nearest Neighbors (KNN) determines optimal routing and scheduling. The system adapts to a six-month daylight cycle to maximize productivity and minimize costs, enabling intelligent planning for sustained lunar resource extraction under extreme environmental and logistical constraints.

Feb 22, 2026

By Michael L. Clar

Reclamation of surface mined lands has two basic objectives: (1) the elimination or abatement of undesirable environmental conditions, and (2) the restoration of mined land to its former or more productive uses. This paper addresses some of the planning concepts and site factors that influence the selection of suitable land uses for surface mined lands. Three planning concepts included in the discussion are: (1) mine land planning, (2) comprehensive land use planning, and (3) environmental site planning. The site factors that will influence the selection of an appropriate land use have been grouped into three categories: (1) legal, (2) geographic, and (3) natural. The natural factors are further subdivided into three groupings: geomorphology, soils, and climate.

Jan 1, 1981

By D. F. Doerr, E. Blalock, D. R. Bush, K. D. Cohen

"INTRODUCTION The design, development, fabrication, and test of cryogenic breathing apparatus is part of a much larger effort funded by the National Institute for Occupational Safety and Health (NIOSH) and managed through a Space Act Agreement with the National Aeronautics and Space Administration (NASA) at the Kennedy Space Center (KSC) in Florida. This effort is designed to create cryogenically based life support equipment that is responsive to the needs of miners as required by the Miner Act of 2006. Our goal was to design and build a liquid air based self-contained breathing apparatus (SCBA) that lasted 2 hours and would be used for the egress of miners during a mining accident and be refillable while worn. Therefore, the current report describes tests of an Advanced Cryogenic Breathing Apparatus (termed the ACryoBA) designed to provide miners egressing an emergency situation with a two-hour open-circuit SCBA. The ACryoBA utilizes low pressure cryogenic liquid air instead of high pressure compressed air commonly used in most commercially available SCBA. The ACryoBA can also be self-filled from strategically placed Cryogenic Air Supply and Fill Stations (CryoASFS) initially, and thereafter on the egress route approximately every 1 hour and 30 minutes with a 30 minute air reserve. The ACryoBA evolved originally from a one hour Liquid Air Pack (LAP) developed in the 1980’s for Space Shuttle Rescue forces allowing for longer duration and cool air (Figure 1). It was used successfully for many years, through the end of the Space Shuttle Program. The first attempt at a mine egress pack was the Cryogenic Breathing Apparatus (Figure 2). It was to have a low profile, two hours of breathing, attitude independence, and a simple rapid refill while in use. The CryoBA met the two hour criteria, but with difficulty due to excessive heat leakage caused by the dual 4 liter Dewar design. Much of the stored air was lost as it vaporized faster than it could be used. However, the pack was successful in demonstrating both attitude independence and a simple rapid refill capability. The ACryoBA project was designed to continue the progression and address the deficiencies in the CryoBA. The ACryoBA pack was designed to last 2 hours. It minimizes the heat leakage with a single Dewar and thereby requires less liquid air. The single Dewar design also minimizes weight, making it much more manageable by the user (Figure 3). The ACryoBA complies with 42 CFR part 84 NIOSH certification test requirements. One critical requirement for the ACryoBA is operation in positions other than vertical for periods up to 1/4 (i.e. 30 minutes) of the rated service life of 2 hours; this was accomplished by use of new technology called the “attitude independent pickup” which is abbreviated “AIP.” The AIP, developed by BCS Life Support LLC (patent #8,899,226), has a tube going from the top flange down through the center of the Dewar. At the end it has a flexible bellows and a weighted end. Due to the flexible nature of the bellows, the pickup at the end is free to rotate and follow the liquid level around within +/- 90o of vertical."

Jan 1, 2016

By Olav Moklebust

The R-N Process is an outgrowth of the development by the National Lead Company's Norwegian subsidiary Titania A/S, of a process for producing metallic iron and a high titanium content co-product from ilmenite. Development of the process for the treatment of iron ores was continued as a joint project of the Republic Steel Corporation and the National Lead Company in 1953. More recently in July, 1957, the R-N Corporation was created by these two companies to undertake the commercial promotion of the results of this joint project. This paper has been prepared with the permission and encouragement of these three companies. The R-N process has as its objective the making of metallic iron from iron ores or iron ore concentrates. The general principles of the process have already been disclosed in technical papers and patents. In general the process comprises the following steps: 1. Iron oxide in crushed natural iron ores or iron ore concentrates is reduced to about 95% metallic iron, without fusion in a rotary kiln in the presence of solid carbonaceous fuel,*such as, coke or char, limestone and combustible gases. 2. The kiln discharge, consisting of metallized ore, coke, lime and coke ashes, is cooled. The excess coke is regenerated and recycled to the kiln feed.

Jan 1, 1959

By J. M. Pugliese

The U.S. Bureau of Mines is developing designs and estimating costs for vertical in situ copper mining wells as part of its in situ mining research program. Conceptual designs and estimated costs for "deep" 1100 m (3600 ft) recovery and injection wells in an undisturbed copper ore zone are presented. Within a single in situ copper mining well, multiple perforated well completions and associated costs are discussed for two ore zones between depths of 370 m (1200 ft) and 550 m (1800 ft). The order of well specifications for designing these wells is explained.

Jan 1, 1995

By Daniel Threlfall

The disposal of hazardous chemical wastes will be one of the major environmental issues of the 1980's. Approximately 50 million tons of hazardous wastes are produced yearly. One of the major aspects of the problem is the siting, design and construction of environmentally acceptable disposal facilities to accommodate this huge volume of material. Surface mines have been considered attractive for development as disposal sires for several reasons: 1. Surface mines represent an open pit that can conveniently serve as a repository for wastes. This could represent a significant economic savings when compared with sites on undisturbed lands chat might require extensive excavation or embankment construction.

Jan 1, 1981

By Aladar B. Dory

INTRODUCTION Anyone familiar with the problems of hardrock mining will agree that the majority of the serious dangers present in mining are quite visible and obvious to any person reasonably familiar with the profession. Having unsecured, unscaled back over ones head, gives one a very good chance of ending up under a caved in mass of rock. Staying too close to a blast gives one almost a certainty of being hit by a flying rock. Too little oxygen in the air will very quickly lead to loss of consciousness and death. One walks only so much over deep, unsecured openings before he falls into them. It is because of this clear visibility of the conventional health and safety hazards that mining regulations in almost all jurisdictions world-wide are a more or less comprehensive collection of "shalls" and "must nots" of good common sense. When basic rules of common sense safe working practices are at stake, there is little room for dialogue and compromise. The mine inspector is then observing, during his inspection, how well the mine follows these common sense rules. RADIATION AS A HIDDEN DANGER Radiation in mines is a risk, the impact of which does not demonstrate itself immediately. It is first of all a potential risk. Two individuals exposed to identical radiation will almost certainly be effected differently, if at all. This is certainly true of exposures and doses one might encounter in the mines today. We hear very often the phrase: "there is very little known about the effects of radiation". It is one of the most misused and misunderstood half-true statements. I would doubt that there is any other carcinogen whose effects have been studied as extensively as the health effects of radiation. Where the statement is correct is regarding the knowledge of the quantitative assessment of the risk of low level radiation exposures. The reason for this uncertainty is that the magnitude of their health effect is very close to the health effects of natural radiation, cosmic radiation and the effects of other carcinogens such as industrial pollution, hydrocarbons from cars and other chemicals we have grown accustomed to using. As far as lung cancer is concerned, the effects of wide use of tobacco probably outperforms any other single substance. All this having been said, the bottom line is still unchanged. Radiation exposure, in most cases mainly radon daughter exposure, was and still is one of the health hazards of uranium mining and as such has to be controlled to the best of our ability. Various jurisdictions have adopted different approaches to the control of radiation exposures of uranium minemill workers. The following sections of this presentation will attempt to explain the regulatory approach taken in Canada. THE CANADIAN REGULATORY PHILOSOPHY As indicated earlier, the health effects of low level radiation are quantitatively not yet defined and no proven threshold of radiation exposure exists. The Atomic Energy Control Board's (the Board's) regulatory system is based on the basic assumption that there is no absolutely safe limit of radiation exposure below which there are no health effects. Theoretically we should therefore strive to reach zero exposure. It is obvious that this objective cannot be reached in real life. The objective of the regulatory process therefore has to be to achieve radiation exposures of the workers that are as low as reasonably achievable, social and economic factors taken into account. This, of course, is the internationally acclaimed ALARA principle put forward by the International Commission on Radiological Protection (ICRP). To avoid any misunderstanding it is worth emphasizing that the ALARA principle is applied to achieve exposures below the regulatory limits which must not be exceeded in normal operation of any nuclear facility including uranium mines and mills. The present regulatory limits for radiation exposures of atomic radiation workers are based on the recommendations of the ICRP and they are almost universally accepted. They should ensure that the risk from radiation exposure is not greater than the risk associated with working in a comparatively safe industry. Basically, there could be two extreme approaches to the regulation of uranium mining and milling. One extreme approach is to develop very extensive and detailed regulations and requirements covering all aspects of radiation protection. This is a somewhat autocratic approach to the regulatory process. This approach has two very serious shortcomings. If detailed requirements are set in regulations, due to the great variations of actual conditions at various mine-mill facilities, they have to be set as a compromise between the desirable requirements and those which could be met by practically all facilities. This approach takes away from the management of the facilities the initiative to strive for improved conditions. Requirements are spelled out in clear, understandable targets and the only worry of the management is to comply with these targets. One of the basic duties of management is to manage the operations in the most effective way with the maximum health and safety of the workers in mind.

Jan 1, 1981

By Rob Thomas

It is generally agreed that standing support should be installed in roadways that will for various reasons, be holed through with a longwall. Considering the magnitude of the associated abutment loading in conjunction with the need to ensure that the material used is cuttable, some form of cementitious support is often used.

By John C. Bowling

Many recent mine developments in North America are located in remote northern regions with extreme winter temperatures in the range of -20oF to -60°F. In addition, many locations are subject to very heavy snowfall. This paper discusses some of the key considerations in the planning and design of mine plant buildings, particularly concentrators, located in these regions. SUMMARY & CONCLUSIONS The subject is considered under three main headings: I. Building Out line and Structural Frame 2. Wall and Roof Materials 3. Foundations The plan outline of a mine plant building will naturally be governed by the scope and layout of the process equipment it contains. The selection of roof profile, on the other hand, will generally depend upon a number of factors extraneous to the process e.g. snow conditions. When these factors are considered for concentrators in cold locations, a flat or stepped roof will usually be more economical and suitable than a sloping roof. The materials normally used for the structural framework of concentrators are the same as used for other industrial buildings, namely steel, concrete and wood. Structural steel, however, is the most commonly used material for concentrators in

Jan 1, 1971

By B. L. Bobo

To ensure the continued growth and economic viability of the Western coal industry, both in the domestic and inter- national markets, it is essential for the industry to become more creative and active in confronting the most serious obstacle in this objective; and that is, the inherently long distances which Western coal must be transported inland to reach its major markets. Figure 1 shows the 1982 coal consumption by state for those states where Western coal was consumed. (Except as noted in this paper, Western coal producing states are defined as Colorado, New Mexico, Arizona, Utah, Wyoming, Montana and North Dakota. Any exceptions used will have only an insignificant effect on the content of the paper). This figure illustrates the long distances that are required for Western coal to reach its markets. The total production for 1982 from the Western coal producing states was approximately 220 million tons, of which only 85 million tons was consumed within the boundaries of these states. The remainder was transported to markets outside the area. This map also shows, based strictly on the consumption of the states to which Western coal was shipped during 1982 and not considering other factors which are involved in the marketing of coal, the total market potential of Western coal would amount to a total of 445 million tons. This does not include export coal from the West Coast, which is now estimated to be less than 2 million tons for 1983. In 1980, it had been estimated that by 1985 the West Coast exports would have been at least 10 million tons per year, which will not be attained.

Jan 1, 1983

By A. Bascetin

It was recently proposed to use the pastefill technology as a surface tailings management method. Surface paste is an economic and safe storage method that respects current environmental regulations. There are many problems related to accidents that occur in conventional tailings damps. In this study, the applicability of the surface paste disposal (SPD) method for a Pb-Zn mine in western Turkey was examined. Density was 3.084 and specific surface area was 0.899 m2/g. The mill tailings have very low plasticity and show characteristics of clays and silts in terms of the Unified Soil Classification System. The particle size distribution of the tailings was 39.2% particles finer than 20 µm. The results of this study showed that the physical and chemical properties of mill tailings make them suitable for SPD.

Feb 23, 2014

By M. Younis, E. Comis

"The success of a tunnel project relies on many factors, but one of the most important is also the most overlooked: coordination by all parties involved during the design stages. This is particularly true of segment design and TBM design. Tunnel lining with segmental rings is usually designed according to the standards of reinforced concrete construction based on a given GBR. However, for TBM tunneling, the determination of loads during ring erection, advance of the TBM, earth pressure, and bedding of the articulated ring are all part of the tunnel lining design as well. TBM design can be heavily affected by the segment arrangement, dimension, and weight, but these are usually given as a fixed input to the TBM manufacturer—a process that can cause unnecessary complications. The authors propose that the industry evaluate the process as it stands. In order to find the optimum balance between lining design and TBM cost and operational workflow, both designs should be finalized concurrently. This requires coordination between the TBM manufacturer and segment designer from the early stages. The aim of this paper is to evaluate the influence of the segment lining design on TBM cost and performance, and to provide commentary on existing design guidelines to optimize lining and TBM procurement. INTRODUCTION The conventional project setup for tunnel lining design and the design and manufacture of the tunnel boring machine (TBM) should be coordinated in a timelier manner. It is widely acknowledged that the design of segments must consider the forces exerted by TBM rams during tunnel construction, but other inputs are most frequently provided to the TBM manufacturer as fixed parameters to design around. This paper describes other important factors in TBM design that impact not only the interaction with the segments, but also the construction of the tunnel in terms of overall production and even safety. For example, the segment width and tapering have direct influence on shield body length and thrust cylinder size. Furthermore, TBM geometry can also affect the backup (trailing gear) layout and length."

Jan 1, 2016

By J. Fox, C. Allen, A. Greth, K. Kocsis

"It is the duty of the mine operator to ensure the mine environment is healthy and safe for the mine workers. For deep and hot underground mines, this requires maintaining adequate working temperatures by means of mitigating the heat load generated by strata, auto-compression, mining equipment, explosives, ground water, and human metabolism. The heat load is best reduced by minimizing the amount of heat transferred to the mine air from these sources and through the use of efficient ventilation with effective cooling systems. The heat emitted by mining equipment and vehicles contribute a significant proportion to the combined heat load of an underground mine. This is especially a problem for diesel equipment due to the fact that besides heat, a large amount of water vapor is produced, which increases the humidity in the production workings. Diesel engines have proven advantageous in recent history due to their high power output and reliability. However, as mines continue to become more mechanized and deeper the climatic problems introduced by elevated heat generation will continue to rise. With that, the issue of heat generated by diesel equipment must be addressed. The economic alternative for diesel engine equipment fleets in underground mines is the electric engine. Technological advances in battery technology, increased mechanical output and improved reliability have made the electric engine significantly more competitive in comparison to diesel engines. Because electric engines do not utilize internal combustion, the heat produced by them is significantly less than of the diesel engines. Battery powered mining equipment likewise eliminate diesel particulate matter (DPM) produced by diesel engines. Utilizing battery electric equipment in underground mines provides many advantages, such as: (a) reduced heat load, (b) healthier and safer environment for the mine workers, and (c) reduced mine operating costs due to lower ventilation requirements. This paper will highlight the health and cost benefits of using battery/electric fleets versus diesel fleets in deep and hot underground mines. The study analyzes simulations produced from thermodynamic ventilation models. Early simulations show significant cost reductions in terms of net present value (NPV) when comparing the air volume requirements for battery/electric equipment versus diesel powered equipment for the same production rate. INTRODUCTION The competitiveness of the world mineral market demands that mine operators continue to increase production and decrease costs as commodity prices fluctuate in often unplanned directions. This has forced underground mines to operate at deeper depths and to become more mechanized to remain competitive. Because of these changes, ventilation challenges have continued to increase as the mines combat an enlarged influx of contaminants such as heat and diesel particulate matter (DPM)."

Jan 1, 2018

By David Atkin

This paper presents methods and results of environmental planning conducted for a proposed coal and iron ore transshipment terminal which would be located on reclaimed land west of Lisbon, Portugal. Oceanographic, navigational, marine, structural, material handling, and financial studies of the terminal were conducted along with the environmental analyses. However, because of the proximity of the terminal to heavily used recreational resources, residential areas, and biologically valuable habitat, anticipating and reducing the environmental effects of the terminal to minimum levels was a very important part of the overall project. The results of the study indicate that even the impacts associated with worst-case conditions would be acceptable because of appropriate pollution control measures and planning.

Jan 1, 1983

By Jessica M. Wempen

"Differential Interferometric Synthetic Aperture Radar (DInSAR), a satellite-based remote sensing technique, has application for monitoring subsidence with high resolution over short periods. DInSAR uses radar images to measure centimeter-level surface displacements. In the images, ground resolution can be relatively high, with each data point (pixel) representing the average displacement over an area of several square meters. The image data are acquired regularly which allows subsidence to be monitored sequentially over short periods; imaging periods typically range from weeks to months.Monitoring subsidence over short periods with high spatial resolution has potential to provide insight into the dynamics of subsidence and into relationships between mine advance and subsidence. In this study, for three longwall mines in the western United States, initial subsidence occurring at the start of longwall advance is quantified over short periods (12 to 72 days). C-band interferometric wide swath Synthetic Aperture Radar (SAR) images from the Sentinel satellites are used to quantify the subsidence. Overall, the data show initial development of subsidence, expansion of the subsidence trough, and the advance of subsidence in the direction of mining.INTRODUCTIONApplied Differential Interferometric Synthetic Aperture Radar (DInSAR)Differential Interferometric Synthetic Aperture Radar (DInSAR) is a satellite-based remote sensing technique that can be used to quantify small displacements of the Earth’s surface. Using data from the Seasat satellite, which was launched in 1978 (Jet Propulsion Laboratory, 2018), studies by Goldstein, Zebker, and Werner (1988) and by Gabriel, Goldstein, and Zebker (1989) applied Synthetic Aperture Radar (SAR) interferometry to topographic mapping and displacement monitoring. These studies established the potential for broader applications of radar interferometry. Studies by Foxall, Sweeney, and Walter (1998), Wright and Stow (1999), and Carnec and Delacourt (2000) represent some of the earliest evaluations of DInSAR for mine subsidence monitoring. All three of the studies demonstrated the application of DInSAR for quantifying mine subsidence. They also demonstrated difficulty accurately measuring subsidence over long periods due to data decorrelation. DInSAR continues to be evaluated as a tool to quantify surface deformation related to active and historic mining. For example, see Vervoort and Declercq (2018), Wempen and McCarter (2017a), Chen et al. (2013), and Liu et al. (2013). Technologies associated with SAR interferometry continue to develop. Recently launched satellites have relatively high spatial and temporal resolutions, and data processing methods and data accessibility are improving."

Jan 1, 2019

By Gunter Fauth

The setting of tasks for the process control of coal cleaning, and in this connection the requirements for instrumentation can be classified into the following three fields: - Monitoring the operation of individual units, or process steps, - Control of units or process steps, - Control of the entire coal cleaning process with the intention of optimizing the operation and the profitability of the process. Instrumentation is affected by the type of cleaning processes. For introduction Figure 1 shows the simplified flow sheet of coal preparation which is usual in the German Ruhr District and in which desirable places for the measurement of ash, moisture and sulfur content are marked. The preparation plant is supplied with run-of-mine coal from the shaft via a homogenization facility. In a first step of primary classifying the raw feed coal is screened at about 10 mm. The raw coarse coal ( = 10 mm) is sorted by jig washers or heavy-medium separators. the raw fine coal (< 10 mm) at first is pneumatically sized at about 0.5 to 0.75 mm. The fines, the aspirated dust, are a finished partial product which will be added to the final metallurgical or steam coal. The material 10 to 0.75 mm subsequently is sorted in fine coal jigs and dewatered in centrifuges. The sludge obtained with the wet cleaning processes is dewatered in thickeners and fed to the flotation. Concentrate and tailings are dewatered by filters or bowl centrifuges and by chamber filter presses or belt filter presses, respectively. The partial products coarse coal, fine coal, flotation concentrate, aspirated dust, and middlings are blended to result in the sellable products metallurgical and steam coal.

Jan 1, 1984

By A. Yadav, B. Behera, G. S. P. Singh

The size of chain pillars in the Indian geo-mining conditions is primarily decided in accordance with the regulatory provisions. These provisions are of little help for deep longwall workings, exceeding the cover depth of 360 m. Furthermore, these provisions are primarily meant to support pillars in bord and pillar workings. They may not be suitable for the chain pillars owing to a significant difference in layouts and functional requirements. Hence, it is imperative to develop a method to evaluate the stability of the chain pillar considering the complex loading and geo-mining conditions. To this end, a machine learning-based model was developed in this study to assess the stability of the chain pillars under high depth of cover considering the field-representative conditions. The data for this work was generated by conducting a parametric study using a field-validated numerical model. The strength and deformability parameters of the caved, fractured, and continuous deformation zones were established by calibrating the numerical model outcomes against the site-specific field observations. The developed ML model was used to evaluate the influence of pillar width, pillar height, cover depth, abutment angle, face length, coal strength, moduli ratio of the roof and floor strata to the coal seam, and the elastic modulus and unit weight of the overburden on the chain pillar stability. An interesting finding of this study showed that the factor of safety of the chain pillar increased with the increasing abutment angle, which may be indicative of the confining effect of the abutment angle on the pillar. Eventually, the ML model was verified by comparing its outcomes with the calibrated numerical model for a typical longwall working from Indian geo-mining conditions.

Oct 18, 2023

By Steven P. Oman

Large room and pillar mines are characterized by numerous and widespread working places. Ventilation requirements are high since each panel employs men and equipment that work simultaneously in multiple headings. Also, it usually is not feasible to redirect airflow from idle to active panels as the demands of each shift vary so every panel in the mine is fully ventilated at all times. Ventilation requirements will be even higher for mines that are classified as gassy. As a result of these considerations, ventilation systems for room and pillar mines are generally designed to handle large quantities of air. But as mining progresses and the mine be- comes larger, greater demands will be placed on the ventilation system. To insure that adequate ventilation is maintained at these times, ventilation engineers must anticipate problems and plan how best to deal with them.

Jan 1, 1983

By Milka Madahana, John Ekoru

For efficient management of operations, mining companies are required to be able to predict potential scenarios for main market factors. Competitive advantage and value creation are established through managing the value chain well. The mining value chain is usually faced with challenges from various shifts in commodity markets as well as ongoing uncertainties. Therefore, there is a need for accurate analysis of data from the markets, for the prediction of commodities, for instance, Precious Group Metals (PGM). The main objective of this research work is to apply machine learning methodologies with the aim to identify patterns and trends in the Precious Group Metals, and thereafter analyze and predict the future trends of these markets. Numerous machine learning models are applied to a dataset consisting of 15 years of daily price for eight precious metals namely Platinum, Palladium, Rhodium, Ruthenium, Osmium, Indium, Silver, and Gold. The results reveal the patterns and trends within the data sets and that different machine learning methods could be suited for the prediction of market prices for each of the PGMs. The application of an amalgamation of various machine learning methods may result in more accurate predictions of the PGM markets. Accurate prediction of market prices for PGMs will possibly result in unlocking untapped sources of value in the mining industry.

Jun 25, 2023