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By Chris Yellowega

The construction and startup of a new mine is a daunting task. To successfully locate, design, build and startup an immense human endeavour like a new mine, takes perseverance, planning, dedication and significant capital. The application of capital requires a thorough evaluation of risk and where that risk is most properly limited to create the risk/return profile. One area of significant capital and thus, significant risk is the selection and maintenance of the very machinery needed to deliver the creation of investor wealth. Albian Sands Energy is the operator of the new Muskeg River Mine located north of Fort McMurray in Alberta?s oilsands. The Muskeg River Mine is owned by a joint venture of three companies: Shell Canada, Chevron Canada Ltd.and Western Oil Sands. The mine is designed to run 400,000 tons per day, 365 days per year. The mine conditions vary from material as hard and of similar consistency to pavement to underfoot conditions as soft as saturated sands. Water cannot be drained below surface conditions, shovel teeth can disappear in less than 24 hours and the primary business is often constructing large civil structures that have little to do with the delivery of ore. The mine starts with the deposit (if it doesn?t exist, nothing else matters), moves into the design, the feasibility study and the approval. The evaluation of risk and the strategies surrounding the control of that risk truly lie after these stages are complete. The strategy and execution stage is where risk is eliminated or accommodated. The point at which the investors money is being spent is the point at which the decisions made cannot be reversed. It is of absolute importance that the execution of the decisions are consistent with the strategy agreed to, lest the investors need to be asked for more money. The key sources of risk identified for the Muskeg River Mine were recruitment of trained and experienced personnel and the delivery of ore to maximize early (<2yr) cash flow. The Muskeg River Mine personnel determined that to minimize risk, personnel would be recruited to operate the mine equipment yet, the requirements for maintaining the equipment would best be held by the manufacturer. The strategy was to obtain the correct equipment for the operation of the mine and leverage the supplier?s expertise to ensure the mine wasn?t training a maintenance organization at the same time as a mining organization. In essence the key strategy for the mine start up and early operation was to leverage the equipment suppliers to maintain and repair the equipment. Albian Sands would maximize the utilization of Maintain And Repair Contract?s.

May 1, 2003

By Gino Palarchio

Dofasco is Canada?s 2nd largest steel manufacturer producing 4.5 million tons of flat rolled steel per year. They have revenues of over $3 billion and employ 7,000 people in their Hamilton, ON plant. Dofasco is North America?s most profitable steel producer and were recently ranked as the #1 steel maker in the world by Dow Jones. Motivation to Improve In the 1980?s the steel business was good. However, in the late 80?s and early 90?s things began to change. Globalization was beginning to influence the market, imports started arriving at lower prices and higher quality, hangover from the 1970?s inflation saw costs rising and prices dropping, there was a shift from a sellers to a buyers market, and shareholder returns were beginning to erode. Dofasco took a step back and evaluated their maintenance performance and found that they were operating in an environment where 70% of their work was reactive and only 30% was proactive. They also found that the rate of product quality improvement was flat and their average equipment availability was only 78%. At that point they realized that Equipment Reliability was key to improving product quality, production output, costs and shareholder return. They initiated a project to research, develop, and implement the most advanced maintenance practices and information technologies to achieve maximum equipment reliability.

May 1, 2001

By R. Roufail

Mineral exploration is in a race to employ drilling technology that can perform the exploration and drilling investigation in a fast and inexpensive manner. After an extensive study of the available drilling technologies in the market, coiled tubing was chosen as a tool to be employed for mineral exploration due to its flexible mobility and ease of operation with a minimum number of personnel. Since coiled tubing technology is primarily used in the oil and gas industry, it was important to re-design the coiled tube rig to drill hard rocks in a fast and feasible manner. The main requirements were to drill the smallest feasible hole diameter and go as deep in the ground as possible, in the shortest reasonable time. The drilled rock particles, cuttings, are to be collected and analysed at the surface for their metal mineral contents. The process also needs to be repeated multiple times at different locations for mapping, without the need to change the tube on the rig due to failure or potential failure. The focus of the new designed coiled tube, for drilling and mineral exploration, is three fold. First is to increase the rate of penetration in drilling by designing a small high speed turbo motor. Second is to determine the controlling parameters of cuttings transport to effectively lift the cuttings to the surface for analysis and third is to minimize the overall weight of the rig for manoeuvring and prolong the life span of the coiled tube string. In this paper, a small downhole turbo motor, 5cm outer diameter, is designed to achieve a rotation speed of up to 10,000 rpm to fit on a small bit, coiled tube drilling assembly. The motor design utilised multiple finite volume and finite element analysis softwares for fluid flow study and fluid structural interaction analysis. The paper is also introducing the concept of a flow slurry loop that is designed to lift the cutting particles to the surface for mineralisation analysis. The controlling parameters of the cuttings transportation are the particle?s physical properties such as size, density, concentration and shape, as well as the rheological properties of the carrying fluid, drilled hole angle, as well as the fluid flow rate and flow dynamics within the annulus gap between the coiled tube and drilled hole. Such parameters are addressed via experimental work as well as numerical analysis. The paper is also presenting the selection and testing procedure of the material type for the coiled tube string. The tube needs to be light in weight for overall rig weight and its transportability. The tube is also required to drill several dozens of investigation holes before failing due to fatigue. A fatigue bending machine is designed to test the endurance limit of candidate materials for coiled tube strings and a performance index methodology is followed for material selection of the optimum material. The coiled tube rig is designed to be light in weight for transportation and relocation. It is also required to speed the drilling operation with the minimum footprint and reclaim the drilled rock particles for mineral composition analysis at the surface.

Aug 1, 2013

By M. A. Georgiana

The Emerald Mine No. 1, located in southwestern Pennsylvania is presently owned and operated by Cyprus Minerals of Englewood, Colorado. High volatile bituminous coal is produced from the Pittsburgh No. 8 seam by both longwall and continuous mining methods. The coal is then mechanically cleaned on site utilizing a combination of heavy media separation and froth flotation methods prior to shipment to both the metallurgical and steam coal markets. The Emerald Mine is presently producing 2.8 million raw tons per year, while liberating approximately 6.5 million ft per day of methane. In light of the methane liberation rate, ventilation requirements have been significant and have always received utmost priority and consideration. Figure 1 shows the locations of the current and proposed shafts. Emerald utilizes two Joy (Model M120-58-880) axial vane fans on shafts No. 1, No. 2R, No. 3R. (one operational, one stand-by) The use of computer simulation of various ventilation networks was initially employed during the design stages (1975-1977) and has been utilized through the present. Obviously, the initial planning, under the ownership of Lykes Resources, was strictly theoretical. All the quantities were proposed and the resistances were based on prior simulations of other mines and mathematical formulas. However, once the mine was moderately developed, actual values were recorded and utilized. This procedure consists of: a) layout pressure and quantity points b) measure all air quantities where an air course splits

Jan 1, 1986

By Barritt Lovelace

Collins Engineers has been researching and implementing the use of drones on Civil Engineering Projects since 2015. Applications include bridge inspection, asset management, mapping, construction site management and emergency response. Recently this technology was used to map and model construction sites with deep foundations to verify and quantify designs. The ability to collect and use large amounts of data is transforming our world. Drone hardware and software is being used to capture and digitally replicate assets, giving owners unprecedented ability to visualize and manage their projects. Our teams help owners collect and process drone data into deliverables to be analyzed, annotated, stored, and shared. The use of drones can transform the way projects are managed and can improve project workflows. Data collected with drones can be processed into a digital twin of any project site or asset. This digital twin provides owners with a three-dimensional geometrically and geospatially accurate model. These models can be annotated and tagged with information that can be stored and shared locally or on cloud-based platforms. The data can be exported and used in a wide variety of CAD and GIS platforms. Goals When considering the use of UAS for several items need to be considered when establishing project goals. Safety Drones can be used to reduce job site safety risks in two ways. The first is that use of the drone can remove personnel from harm’s way. Surveyors and other project staff will traditionally walk the site to collect survey and other site information. These efforts can be replaced with the use of a drone eliminating much of the need for personnel to be on the job site itself which improves safety. The other way safety can be improved is that a digital model of a job site can be created on a daily or weekly basis that can be quickly analyzed for safety hazards. This analysis could be done remotely by safety officers to identify job site hazards which can then be corrected before injuries happen. Improved Deliverables Perhaps the most important reason to incorporate drones into project workflows it the ability to improve the project deliverables. Drones have the ability to quickly collect large amounts of high quality data which can be processed into orthomosaics, point clouds and 3D models that give engineers and project managers the information they need to make better decisions on design or project management.

Jan 1, 2019

By Sunil Arora, Lisheng Shao, Chris Conkle

"The East Garden Grove - Wintersburg Channel located in Orange County, California, required upgrades along the levees to mitigate potential liquefaction and lateral spreading hazards. The Orange County Public Works designed soilcrete columns constructed between two rows of steel sheet piles along both sides of the channel between Graham Street and Warner Avenue (approximately 2,500 ft), and along an approximately 2,000-ft-long stretch of the south levee. The earthen embankment, approximately 13- to 15-ft high and damaged significantly by erosion, was then excavated to widen the channel to increase the channel flood conveyance capacity.The site is located within the Los Angeles Basin, underlain by several thousand ft of marine sedimentary strata. Uncontrolled fill materials were encountered to approximately 10 ft below ground surface, underlain by tidal and flood plain deposits. Groundwater was encountered at sea level, which is approximately 10 ft below grade.This paper will discuss site soil conditions, and the construction and quality control of soilcrete columns constructed by wet soil mixing; also, the paper will introduce the Drilling Index (DI) as a measurement tool, similar to the cone penetration test (CPT), to evaluate the soil strength in more detail. Finally, the statistical analysis of soil mixing strength distributions for the project quality control will be presented.INTRODUCTIONWintersburg Channel in Orange County, California, required ground improvements along the existing levees to mitigate potential liquefaction and lateral spreading under the site design earthquake. Orange County Public Works designed and developed a cellular pattern of soilcrete columns sandwiched between two rows of steel sheet piles along both sides of the channel between Graham Street and Warner Avenue, and adjacent an approximately 2,000-ft-long stretch of the south levee (Fig. 1). An earthen embankment approximately 13 to 15 ft high, damaged significantly by erosion, was then excavated to widen the channel and increase the channel flood conveyance capacity.Stiff, soilcrete cellular wall structures can reduce the earthquake-induced cyclic shear stress ratio (CSR) in the soil within the cells, thus preventing excess pore water pressure build up which may trigger soil liquefaction. For this project, approximately 6,700 soilcrete columns were constructed in a cellular pattern to an approximate depth of 40 ft. All of the soilcrete columns are 3 ft in diameter with the design unconfined compressive strength (UCS) of 150 psi."

Jan 1, 2015

By Joshua Micah Hoffman

While it is easy to state that meaningful involvement of the community can play a critical role for a successful blasting operation, following through with this involvement is not an easy task. Structured Public Involvement (SPI) is a developed protocol for involving communities in project planning decisions and could be readily applied to the blasting industry. SPI was developed for the purpose of collecting quality public input about public transportation projects. The purpose of SPI is to bring about stakeholder satisfaction with potential projects by allowing controlled input from the stakeholders. It was designed and intended for democratic societies that have come to expect a voice in public projects. While blasting operations are not always in the domain of public projects, the fundamental process outlined by SPI can be useful for collecting feedback from the immediate public around blasting operations.

Jan 1, 2014

By J. LaForest, R. Riggle

In today’s challenging mining environment, everyone is focused on minimizing cost per ton. With haulage costs approaching up to 45% of the overall mining costs, and loader performance driving production, optimizing payload on the truck is a big opportunity. This paper will focus on technology’s role in loaders achieving the truck target payload. There are constantly new innovations in technology, but not everyone uses them correctly. Technology is intended to help achieve the next level of performance, but still requires the right people and processes to effectively utilize the benefits. In today’s mining business, miners, engineers, trainers, supervisors, and managers have ever increasing roles and responsibilities as never seen before in past decades. Technology can make these roles more efficient, but fully relying on the technology can detract from optimization. Sometimes the old-fashioned method of loading to a consistent pass match will provide a lower cost per ton. Before blindly trusting your technology feedback, know these three areas discussed in this paper: (1) Prerequisites to utilize technology in payload management; (2) Types of payload management technology; (3) How to use the data to manage operator behavior. The objective of this paper is to provide low-cost recommendations to efficiently increase production. INTRODUCTION Whether miners claim to have been around and experienced it all, or they are the data-driven new generation on the mine site, miners are expected to execute the mine plan at the lowest cost possible. So why is it so difficult to execute this task? Shouldn’t supervisors just have to staff the equipment, tell operators to have a safe day and tally up the numbers at the end of the shift? Let the technology system do the rest; what could go wrong? Lots. Having examined numerous mining operations that use the latest loading technologies over the past several years, one common denominator is the opportunity to improve loader operator performance. Mining companies seek help from consultants, training departments, performance reporting systems and an arsenal of resources. Armed with all this information, but the improvements don’t happen, what could have gone wrong? It comes down to people, not managing the resources to drive the right behavior and as a result, the mine’s performance is not where it should be. Understanding how to make “Great Miners” out of these people is critical to this constant struggle to move more with less and get the costs down. Extraction CPT (Cost-Per-Ton) is most sensitive to optimizing loader production which can be generalized into 3 categories of influence: machine specifications, cycle timing, and continuous management using technology. After establishing a basic production machine configuration, utilizing technology to manage cycle times, operator efficiency and payload can be advantageous. Prerequisites to Utilize Payload Management Technology It is important to begin with the primary considerations that enable the use of technology to continuously manage loading productivity. All systems are interdependent in mining, but these are divided into the simplest terms to remember. First, fix your timing and geometry.

Jan 1, 2019

By J. V. Happ

The investigation reported in this paper was prompted by the belief that vacuum processing of copper mattes could provide significant advancement to present-day copper smelting and converting technology. Specifically, vacuum distillation of copper mattes in a unit such as the R.H. vessel used in vacuum degassing of steel, can lead to improvements in: converter flue-gas-cleaning system, purity of acid (or liquid SO2), aisle hygiene, purity of electrorefined copper and smelter flexibility. In the study conducted, removal of Volatile impurities (arsenic, antimony, bismuth, lead and zinc) from liquid mattes, by vacuum distillation in a laboratory-scale equipment was performed. The conditions investigated covered a temperature range of 1123-1223K, absolute pressure of 6.5-0.5kPa (50 - 3 mm Hg) and with bleed gas consisting either of pure oxygen or argon. Six matte samples (four U.S. and two foreign) were tested. Under the "best" conditions arsenic and antimony were reduced to << 0.01% in the product matte. The removal of bismuth, lead and zinc was variable and appeared to be influenced by the matte composition of the sample. As might be expected, the rates of distillation of the various species were increased at higher temperatures and lower absolute pressures. The influence of a small flow rate of gas (02 or Ar) over the melt did not have a signifi¬cant influence on the extent of impurity removal. The magnetite content of the matte was reduced by up to 30% during vacuum treatment and was favored by a low partial pressure of oxygen over the melt. Substantial amounts of sulfur were also evaporated and an, overall increase in copper grade of the matte was realized. The paper concludes with an evaluation of industrial aspects of the process as applied to conventional smelters.

Jan 1, 1983

By Stanley M. Moos

In reviewing available vacuum filtration equipment in this paper, several types of filters have been included which are probably not familiar to operators in the mining industry. However, it was felt that these units might be of interest in the event that an application should arise for the filtration of a product in the future that does not exist today. In addition, exposure of our industry to equipment used in other industries might have a tendency to be thought provoking and perhaps lead to the development of equipment and/or applications in our industry which do not necessarily exist at this time. Most innovations in filtration equipment have been confined to the improvement or design change of components and accessories, particularly reflecting the availability of materials of construction that have been developed. Recent developments in the application of horizontal belt filters have been innovative. The application of this unit as a substitute for or an adjunct to thickeners in a CO circuit can certainly be innovative and perhaps provide a basis for reduction in capital and operating costs in this area. For example, mill tails are generally pumped at the highest possible density that will adequately flow. Tailings ponds and dams with their attendant design requirements are based upon this estimated water volume. Availability of a much dryer, non-flowing filter cake opens up several new options for disposal. Considerable cost savings could result in the design and planning of disposal areas for containing dryer material. . No attempt has been made in this paper to provide a manual for the operation of all of the many types of equipment that are available. Rather, the paper tries to present an overview.

Jan 1, 1978

By J. S. Stachulak

The Diesel Emissions Evaluation Program (DEEP), a research consortium formed in 1997 by Canadian mining companies, labour unions, and provincial and federal government departments, completed its work by mid-2006. This program, in which Vale Inco participated with both direct funding and in-kind contributions, investigated the ability of currently available technology to significantly reduce underground concentrations of diesel particulate matter (DPM) with high efficiency and low maintenance over a long-term period (years of life).While DEEP?s testing showed that engine maintenance is a critical component for lowering DPM, it was clear that reduction of DPM to the very low target levels of ~0.05 mg/m3 was not possible with maintenance alone. The best candidate technology for achieving low DPM levels was particulate filter systems. Furthermore, successful deployment of such systems was highly dependent on removing them from having to rely on human intervention for their regeneration. The search continues within Vale Inco to identify a reliable and rugged system.

Jan 1, 2009

By M. Barkhudarov

The results are presented of research aimed at validation and development of a general purpose CFD code FLOW-3D. FLOW-3D is a commercial code developed by FLOW SCIENCE, INC. A number of physical modeling experiments involving the filling of cavities of different geometries with coloured water have been performed in order to compare the measurements with the results of computer simulations. Other numerical calculations were also done to be compared with the known analytical solutions.

Jan 1, 1992

By Gaurav Soni, Roe-Hoan Yoon

A first principle flotation model has been derived from the basic mechanisms involved in flotation. The model consists of a series of analytical equations for bubble generation, bubble-particle collision, attachment, detachment, and froth phase recovery. The model can predict flotation from both hydrodynamic and surface chemistry parameters such as bubble size, particle size, energy dissipation rate, ?-potentials, contact angles (?), etc. The model predictions have been compared with the results of a series of laboratory flotation tests conducted using mono-sized glass beads of different particle sizes and contact angles under different operating conditions. Some of the experiments were conducted using a 1:9 mixtures if hydrophobic silica and hydrophilic magnetite, so that the product graded could be readily determined by simple magnetic separation. The model predictions are in good agreement with the experimental results both in recovery and grade. A computer simulator developed on the basis of the model is capable of designing a preliminary flotation circuit on the basis of feed characteristics, e.g., size-by-liberation data, and the hydrodynamic information on the flotation cells to be incorporated in the circuit.

Jan 1, 2014

By G. Soni

A first principle flotation model has been derived from the basic mechanisms involved in flotation. The model consists of a series of analytical equations for bubble generation, bubble-particle collision, attachment, detachment, and froth phase recovery. The model can predict flotation from both hydrodynamic and surface chemistry parameters such as bubble size, particle size, energy dissipation rate, ?-potentials, contact angles (?), etc. The model has been validated in a series of laboratory batch flotation experiments, in which mono-sized glass beads are used as feeds. The experimental results are in good agreement with model predictions both in terms of grade and recovery.

Feb 23, 2014

By Gabriel S. Esterhuizen

The design of support for underground excavations is a complex process in which the interaction between supports and the rock mass must be evaluated. The strength reduction method (SRM) is useful because it provides a stability factor of the supported excavation that can easily be compared between support alternatives. The method is based on numerical model analysis where the stability factor is determined by reducing the rock mass strength until collapse is indicated in the model. This paper presents the results of validation studies that were conducted using the FLAC3D stress analysis software to compare SRMcalculated stability factors to the empirically based Coal Mine Roof Rating (CMRR) and the Analysis of Roof Bolt Systems (ARBS). The objective was to determine whether the SRM, with its basis in mechanics, would predict similar outcomes as the fundamentally different ARBS and CMRR methods with their basis in empirical observations. A total of 450 different scenarios were evaluated in which the geology, horizontal stress, depth of cover, entry width, support spacing, and support length were varied. The results showed that the SRM-calculated stability factors were able to satisfactorily capture both the ?weak bed? and ?strong bed? adjustments in the CMRR. The SRM results were found to be well correlated to the ARBS stability factors for the 450 cases considered. Further analysis showed that the SRM accurately captures the effect of bolt length, depth of cover, and entry width on the overall stability of an entry.

Jan 1, 2013

By Steven J. Schatzel, Kayode M. Ajayi, Marcia M. Harris, Zoheir Khademian

Predicting rockmass permeability is critical in evaluating various engineering designs, including estimating gas inflow to a longwall mine in the case of a hypothetical breach in the gas well. This study conducted field permeability measurements to validate a geomechanical model capable of predicting rockmass permeability during longwall mining. A series of slug permeability tests were conducted in an active mine in Pennsylvania. A model of the mine was constructed in 3DEC numerical modeling software, and permeabilities were calculated. The modeling results agreed well with the pre- and post-mining permeability measurements, showing the applicability of this tool to evaluate gas well stability near mine workings.

Feb 1, 2024

By Terry Mandziak

Typical leach mine operations recover gold values through the application of a dilute cyanide solution onto ore within an engineered facility. Key to the success of mining operations is the, containment and management of the cyanide solutions within the facility. Properly engineered&apos; facilities will have containment systems that are both protective of the environment while enhancing solution recovery. This paper not only discusses general containment standards, but identifies state-of-the-art containment and monitoring practices;

Jan 1, 1998

By D. Ling, Santos. R. M., T. Van Gerven, M. Guo

The valorization of alkaline waste materials from thermal processes utilizing intensified mineral carbonation routes is investigated. The principal advantages of this approach are the chemical stability and storage safety of mineral carbonates, the opportunities for process integration presented by the technology, and the potential for conversion of low-value materials into useful products. Treatment and disposal of steel slags are a costly burden on steel plants. Sustainable solutions for Argon Oxygen Decarbonisation (AOD) and Continuous Casting (CC) stainless steel slags and Basic Oxygen Furnace (BOF) steel slag are desired. An integrated on-site mineral carbonation approach is envisaged as a favourable solution.

Jan 1, 2011

By Lawrence Devon Smith, Keith Spence, William Roscoe

"In March 2003 the CIM Council adopted and approved the document “Standards and Guidelines for Valuation of Mineral Properties” as developed by the Special Committee of the Canadian Institute of Mining, Metallurgy and Petroleum on Valuation of Mineral Properties (CIMVal). The document is referred to as the CIMVal Standards and Guidelines. The document evolved from a specific recommendation by The Mining Standards Task Force (MSTF) of the Toronto Stock Exchange and the Ontario Securities Commission in its Final Report (January 1999) that the CIM form a committee of valuation practitioners to review and advise on approaches to valuation of Mineral Properties. The CIMVal Standards and Guidelines are organized into two parts: •,Standards which are general rules in the Valuation of Mineral Properties. The use of the Standards is mandatory if the Valuation Report is stated to follow CIMVal (although not mandatory in the sense of having regulatory authority). Definitions are given at the beginning of the Standards. •,Guidelines which elaborate on the Standards and, while not mandatory, provide guidance and best practices which are highly recommended to be followed in the Valuation of Mineral Properties.CIMVal specifies requirements for the Qualified Valuator who has the responsibility for choosing the appropriate approaches and methods for the valuation of mineral properties. With regard to the specifics of the application and practice of valuation approaches and methods, CIMVal directs the Qualified Valuator to the large body of published papers, published valuations, presentations and court judgments to guide his or her choice. This is also the approach taken by VALMIN (Australia) and SAMVAL (South Africa). To facilitate the dissemination of industry practice, the CIMVal Committee organized a “Valuation Day” at the CIM Annual General Meeting in Toronto (Mining Millennium 2000), on March 8, 2000. Industry experts presented papers on valuation of Mineral Properties which were subsequently published in a proceedings volume and individually ad technical papers in the CIM Bulletin. The Management and Economics Society of CIM has continued to identify and publish papers on valuation in the CIM Bulletin and Magazine. The present document gathers in one place the CIMVal Standards and Guidelines, the papers from the 2000 Valuation Day, and a number of subsequent papers that illustrate industry practice for the valuation of mineral properties."

Jan 1, 2003

How the Australasian and Canadian Codes (VALMIN and CIMVal) approach mineral property valuation is described. Brief comment is also made on the International Valuation Standards CommitteeÆs interest in a global valuation standard for Mineral (Extractive) Industries and the South African SAMREC initiatives to adopt a VALMIN-like Code. The conventional tripartite classification of valuation approaches into those that are Market-based, Income-based and Cost-based is outlined. It is best practice to use as many of these approaches as possible (and as many methods as reasonable in the particular circumstances), given the quantity and quality of the data available on the Mineral Asset (which depends upon the state of development of the mineral property). The use of specific methods must satisfy the basic considerations of logic and reasonableness and the purpose of the valuation. The competence, judgement and repute of the valuer are critical factors, since all valuations are time and circumstance specific. What constitutes æMarket ValueÆ in the different jurisdictions is discussed and definitions are given. Challenges facing the globalisation of a VALMIN-type Code for the international Minerals Industry are the influence of real estate valuers and the US jurisdictional idiosyncrasies. This is mainly due to a fixation on real property rights with a preference for using real estate-like comparative sales techniques (Market Approach) to the exclusion of Income-based approaches; a regulatory reluctance in the US to accept that Resources have considerable value; and the International Accounting Standards BoardÆs preference for Historical, rather than Current Value, accounting.

Jan 1, 2002