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By C Tapia Cortez, C Sammut, S Saydam, J Coulton

‘Like every other commodity, the value of the metals is subject to variation’ (Ricardo, 1817). Mineral commodity price uncertainties have always been a significant issue in mining business due to the close relation between global economic conditions and commodity prices, which commonly generates significant and unexpected price fluctuations. Price forecasts have been driven by economic theory, which states that in the long-run market will be balanced and that prices tend to the marginal cost of production. However, this theory has been misunderstood in the mining industry and future prices through time, in real terms, are assumed to be unchanged. This is unrealistic due to regardless of the cycling nature of economy and the omission of uncertainties. Furthermore, using historical data in traditional price forecast approaches does not guarantee realistic predictions as past events will not necessarily be repeated at the same intervals and with the same intensity. Mining, finance and economic sectors have made significant research efforts to predict prices and control uncertainties through classic linear, Gaussian and probabilistic simulation approaches. However, by definition, uncertainties cannot be measured or accurately modelled. Uncertainties can be identified to measure and manage the associated risks; therefore, uncertainties in mining projects have been historically misinterpreted, erroneously measured and poorly controlled. It is widely known that supply and demand functions drive market prices. While technological development noticeably influences supply, demand is strongly driven by psychological factors, mainly related to customer preferences and lifestyle expectations. Thus, human behaviour is one, or if not, the most important variable to determine commodity prices in a competitive market. During the last decades, alternative methodologies have been used to study uncertainties in human, environmental and market behaviours. Chaos theory, fractals, artificial intelligence and econophysics have been widely and successfully used to investigate complex dynamic systems to address uncertainties over time in the fields of neurosciences, meteorology, aviation and market trading. The application of these techniques in the market suggests a more realistic approach to the business environment. Through the combination of the methodologies above a novel long-run price uncertainties simulation approach that emphasise the differences between risks and uncertainties is proposed in this paper. CITATION:Tapia Cortez, C, Saydam, S, Coulton, J and Sammut, C, 2015. Copper price uncertainties – chaos theory to manage risks in mining projects, in Proceedings Third International Future Mining Conference, pp 261–272 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Nov 4, 2015

By F. Milton Lewis

In 1977 a paper was presented which reviewed the cost trends in producing copper by conventional processes for five years, 1972 through 1976. In this paper these costs have been updated to include the years 1977 and 1978.

Jan 1, 1979

By F. Milton Lewis

In this paper an attempt has been made to review the cost trends in producing copper by conventional milling. smelting and hydro-metallurgical means during the last five years. The primary objectives of this cost analysis are to provide a base for future projections as well as to indicate which cost items are more volatile in their influence on overall cost of producing copper.

Jan 1, 1977

By Yves Prévost, Guy St-Amant, Guillaume Dion

In 2010, the foreseen increase of copper grade in feed concentrate at the Horne Smelter was a significant challenge to maintain a steady copper flow throughout the process. The Horne Smelter process includes a Noranda Reactor, a Noranda Converter, pyro refining vessels and anode furnaces. Of the many challenges involved, improving the single casting wheel performance was one of the key topics. Its reliability had to be improved to meet the new production objectives, as anode copper production was to increase from 170 000 to 225 000 tonnes/year. A multidisciplinary team was dedicated to improve the casting wheel availability. The improvement project allowed pinpointing failure modes and reviewing operational and maintenance practices. The common understanding developed by the team allowed improving small components with a high gain-to-effort ratio. The project allowed reaching operational targets without any significant investment. INTRODUCTION In operation since 1927, the Horne Smelter, located in Rouyn-Noranda, in Quebec, has undergone several technological changes since its original construction. Built to smelt the Horne mine concentrates, the smelter also accepted some local custom feeds from the first years of operation. When the Horne mines stopped production in 1976, the plant became a 100% custom smelter. With the development of the Noranda Reactor (1973) and Noranda Converter (1997), the Horne smelter increased its productivity and improved its environmental performance. Continuous improvement of the Horne process allowed maintaining a high level of flexibility in the operation of the smelter, while improving its overall capacity.

Jan 1, 2019

By S Girard, L Rowland, V Lawson, Y Shields

Since 1948, ValeÆs Matte Separation Plant has been successfully using magnetic separation and froth flotation to separate the copper sulfide, nickel sulfide and Ni-Cu metallic alloy contained in Bessemer matte for downstream processing. Though some equipment upgrades have been performed over the years, the flow sheet has generally remained unchanged since the early 1970s. The need to improve metallurgical performance led to the trial of a scalping flotation column to produce a final copper concentrate ahead of the cleaner circuit feed to take advantage of a high degree of copper mineral liberation, reduce cleaner-recleaner circulating loads and decrease the associated loss of selectivity. Plant results indicated that 50 per cent of copper contained in the rougher concentrate could be recovered at final grade target. Results indicate that up to a 1.5 per cent increase in copper recovery to copper concentrate was achieved during the scalper trial due to a reduction in the generation of fine chalcocite which has historically been observed to report to flotation tailings due to surface contamination. Deficiencies are currently being addressed and a long-term trial is scheduled to confirm the benefits of copper scalping.CITATION:Girard, S, Rowland, L, Shields, Y and Lawson, V, 2012. Copper scalping at ValeÆs matte separation plant, in Proceedings 11th AusIMM Mill OperatorsÆ Conference, pp 299-308 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Oct 29, 2012

By Paul B. Warrington

This paper presents a discussion of the factors affecting copper scrap markets, including such items as price levels, freight. grades of material, sources and packaging. Reference will also be made to the effective life and turn-around of the copper content of some products. Introduction IN TERMS OF SIZE, copper scrap is second only to ferrous scrap in tonnage recycled. However, in total value, it is second to none. For example, world scrap recovery during the preceding 4 years averaged just under 2,300,000 metric tons per annum, and at an average price of 70 ¢ a pound, this works out at a turnover of about $3.5 billion, which indicates that the copper scrap industry, or recycling as it is now becoming known , is a substantial one.

Jan 1, 1977

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

At a time of resource consumption, it is important to study the chemical composition of mining and metallurgical wastes to prevent the dissipative loss of metals and metalloids from the mining value chain. In particular, the recovery of critical elements from wastes is an option to increase the resources of such materials that are economically significant and have an overall supply risk. In this paper we report on the chemical composition, in particular the critical element content, of granulated slag originating from historical smelting activities in the Tsumeb area, Namibia. Laboratory-based inductively coupled plasma–mass spectrometry (ICP-MS) and X-ray fluorescence (XRF) analyses as well as portable X-ray fluorescence (pXRF) demonstrate that the slags are on average enriched in base metals (Cu 0.7 wt%, Pb 2.7 wt%, Zn 4.7 wt%), trace metals and metalloids (Cd approx. 50 mg/kg, Mo approx. 910 mg/kg) as well as critical elements (As approx. 6300 mg/kg, Bi approx. 3 mg/kg, Co approx. 200 mg/kg, Ga approx. 100 mg/kg, In approx. 9 mg/kg, Sb approx. 470 mg/kg). While metals and metalloids such as As, Mo and Pb can be determined reliably using pXRF instruments, the technique has inherent limitations in evaluating the contents of certain critical elements (Ga, Sb). However, there are positive correlations between the As, Mo, and Pb contents determined by pXRF and the Ga and Sb contents obtained through ICP-MS and XRF. Thus, quantitative pXRF analysis for As, Mo, and Pb allows calculation of Ga and Sb abundances in the slags. This work demonstrates that pXRF analysers are a valuable tool to screen smelting slags for their chemical composition and to predict the likely contents of critical elements.

Mar 1, 2021

By P Thompson, D Rose, S Yu, W Baum, R Zahn, D Meadows, G Hall

Opportunities to improve mill operations are often cited by mining companies and recognised in many concentrators spread throughout the world but are not always followed through. Copper-molybdenum concentrator operations are challenged by a continuously increasing list of detrimental factors. They include deteriorating ore characteristics and poor mineralogical information on deeper ores, water quality and availability, steel wear and increasing power costs. Rapidly declining productivity, sustainability and environmental factors, new taxes, mining industry global skill set shortages, to name but a few, must also be considered. The days of maximising value by just increasing production or simple cost cutting are fading and will not be sufficient for the future of more complex mineral processing operations and larger plants. As a result, FLSmidth’s Global Process Technology Group has launched a plant and process optimisation program based on mineralogical and metallurgical surveys.Copper-molybdenum concentrators of the future need a paradigm shift. Modelling and simulation tools alone are not the answer to complex mineralogical associations and larger scale equipment and operations. Detailed area by area review aimed at identifying process constraints in terms of equipment and operating practice in conjunction with robust diagnostic work, ie mineralogical and metallurgical characterisation, are mandatory for process optimisation. The navigational beacon, for all operations who want to remain competitive, will be ‘process efficiency’. Since the use of automated mineral analysers has become more readily available and reliable, mineralogical-metallurgical plant surveys have proven themselves as the most efficient tool for optimising plant performance.The following paper will illustrate how operations can move toward eliminating under-performing flow sheets, fixing run-away flotation conditions, maximising individual process equipment performance, preventing shortcuts in Bond work index testing which may cause the failure of comminution models and minimising costly and time-consuming ‘debottlenecking’. As previous plant surveys have shown, the net project cash flow can be increased by 50 to 200 per cent if a combination of robust ore characterisation and plant process mineralogy is performed. The combined plant survey approach has been demonstrated successfully in a multitude of operations. This includes the use of key ore types in concert with statistically sampled process streams, bench-scale metallurgical tests and automated mineral analysis on a size-by-size basis.CITATION:Meadows, D, Hall, G, Rose, D, Thompson, P, Baum, W, Zahn, R and Yu, S, 2014. Copper-molybdenum concentrator surveys using mineralogy and process benchmarking tools to improve overall plant performance, in Proceedings 12th AusIMM Mill Operators’ Conference 2014 , pp 315–322 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Sep 1, 2014

By A. Mosqueda Martinez, L. C. Trytten, R. P. Kofluk, J. J. Budac

The Corefco ammonia leach nickel refinery treats Ni-Co mixed sulphides from the high-pressure acid leaching of Moa Bay nickel laterite. Due to the low iron content of the feed, the ammonia leach process generates a leach residue with ~10% Ni+Co. Since commissioning a leach residue pressure filtration circuit in 2002, this residue has been stockpiled, dried, and sold commercially. For several years, the residue was sold to nickel smelters overseas. In 2014, re-processing of the residue in the high-pressure acid leach was tested. Lab test work was completed showing excellent extraction of the contained nickel and cobalt, and additional beneficial effects in the high-pressure acid leach circuit. A plant test in Moa confirmed the results, and preparation for shipment of the valuable leach residue for re-processing has begun. This paper outlines the test work and results, and some commercial considerations.

Jan 1, 2015

By R. Krentz, P. D. Cordingley

The nickel-cobalt sulphides produced from limonitic laterite ores by Moa Nickel S.A. in Cuba are refined at the Corefco nickel-cobalt refinery in Canada. Major changes to the refining process were required when the Moa sulphide feed, with its unusually high cobalt content, was introduced in the early 1990's. In the period 1994 to 2005 the production capacity of the refinery has increased dramatically to match increases at Moa, and significant process improvements incorporated. The process flowsheet consists of the original ammonia leach process, optimized for cobalt chemistry and overall leaching capacity. Extraction of metal values is followed by the unique nickel-cobalt separation technology, in which most of the cobalt is separated from the ammoniacal nickel sulphate leach solution by precipitation as a nickel-cobalt hexammine salt. This salt is refined from a Co:Ni ratio of 1:1 to over 10,000:1 by selectively leaching nickel, redissolution and recrystallization in ammonium sulphate solution. Nickel and cobalt are recovered using the well-known Sherritt hydrogen reduction technology. This paper reviews the chemistry described above, examines some of the changes in operating conditions made over the years and highlights some of the recent physical changes made to the refinery.

Jan 1, 2005

By J. Budac, J. Dennett, D. Mayne, P. Nawrocki

"The Nickel/Cobalt operation in Fort Saskatchewan, Alberta has successfully used an oxidative ammonia leach process to refine a variety of feeds into high quality nickel and cobalt products for over 60 years. Fundamental changes to the refining process were made when the major feed was converted from nickel concentrate to cobalt rich mixed sulphides in the early 1990s. Since the early 1990s, the production capacity of the refinery has expanded to match increases in both mixed sulphides and other feeds. In addition to increasing the production capacity of the refinery, other changes have been required in order to improve the operability and reliability of the refinery as well as to deal with increasingly stringent safety and environmental requirements. This paper describes recent changes at the refinery including changes to the flow sheet, improvements in unit operations, incorporation of new feeds, management of byproducts, and control of impurities.INTRODUCTION The Cobalt Refinery Company (Corefco) plant in Fort Saskatchewan processes nickel-cobalt mixed sulphide intermediate produced at the lateritic nickel mine and high-pressure acid leach (HPAL) facility in Moa Bay, Cuba. Both operations are jointly owned and operated by Sherritt International and General Niquel of Cuba. The mixed sulphide, along with other feed materials, is processed at the Fort Saskatchewan refinery using a pressure ammonia leach-hydrogen reduction process to produce nickel and cobalt metal. This refinery was originally constructed in 1954 to treat nickel concentrate from Sherritt’s Lynn Lake mine in Manitoba. (Benson and Colvin, 1964; Boldt and Queneau, 1967; Forward, 1953; Forward and Mackiw, 1955; Kerfoot, 1989) From the mid-1970s until the early-1990s, the facility operated as an independent refinery, treating nickel-bearing feeds from around the world. The flowsheet was changed in 1992 to address the increased cobalt content of the feed. (Cordingley and Krentz, 2005; Kerfoot and Cordingley, 1997) The flowsheet was adapted further in 2009 to improve cobalt speciation in the leach process, which allows better cobalt-nickel separation. The 2009 iteration is shown in Figure 1. Three ammonia leach stages were used to ensure high recoveries of nickel and cobalt. Underflow solids from the final leach stage contained mainly iron oxides. One of the features of the leach process is the innovative recycling of ammonia. Ammonia vented from the leach process in tail gas and from atmospheric tanks is recovered and recycled into the refinery using water based scrubbers and a high pressure distillation process. Indeed, roughly 250 t NH3/d is recovered as distillate and recycled back into the process. Also, air enriched with ammonia which is vented from the later first stage autoclaves is recycled to the lead first stage autoclaves to maximize oxygen and ammonia utilization."

Jan 1, 2017

By Shibu John

The COREX® process is beside the FINEX® technology the only industrially realized alternative to the blast furnace route for the production of hot metal. Changes in the raw material sector in respect of decrease in quality, strictly enforced environmental laws and positive operation results of COREX® reference plants make it worth to carefully re-evaluate the COREX® technology in comparison with the traditional blast furnace technology. Integrated Plant concepts based on COREX® offer solutions for future challenges of the iron- and steelmaking industry, which include: economical hot metal production; efficient and highly economic export gas utilization (power generation, DRI production, syngas production for chemical products); lower raw material cost, higher raw material availability; environmental friendly high grade steel production. The economic evaluation of different COREX® gas based plant concepts in comparison with the traditional blast furnace route shows that the COREX® technology is highly competitive in the challenging iron and steel producing environment.

Aug 17, 2017

By V. Budinsky

In recent years the global mining industry has addressed its social and environmental responsibilities and numerous factors have contributed to this. Corporate Social Responsibility (CSR) is an important part of mining company strategy for practical implementation of the goals of sustainability, transparency, accountablity and good relationships with stakeholders:- investors, employees and communities. A key stakeholder for all mining companies is the local community which is affected by the mining operations. Companies must identify the emerging social and environmental trends, study the interests and concerns of various communities, address their needs and maintain a positive relationship. The CSR programmes of Czech coal mining companies are focused on surrounding community initiatives and sustainable responsible business. Mining in the Czech Republic is subject to strict rules and regulations and supervised by the State Mining Authority. Mining projects undergo rigorous approval procedures which encompass all operational measures at the different planning levels ? such as public participation in the authorisation process for mining projects, the application of the Environmental Impact Assessment Directive, environmental sustainability programmes, innovative solutions and flexible options offered by the mining company. One very important part is the preparation of the mining-technology preconditions and developing the integrated planning process in which all socially and politically relevant subjects in the mining operation surroundings are included. In an in-depth debate, all stakeholders may jointly develop the concept, in accordance with democratic principles. The optimally conducted dialogue process needs broad communication bases, including setting up theme-related joint taskforces, together with good moderation and the highly qualified support of technical experts. Using a case study of Severoceske doly a.s. Chomutov (SD Company) and the Czech Coal Group ? Czech leaders in the extraction of brown coal, this paper aims to examine the community development approaches and the CSR effectiveness of large scale mining companies. This paper brings a review of CSR and other such voluntary initiatives in the mining industry's proactive steps to contribute to societal well-being in a meaningful way. Key studies are provided by the projects ? Region with Better Perspective?, ?Stop Dust for Healthy Brezno Village?, ?Clever Heads for the North? and ?Coal Safari?. CSR issues are managed throughout all stages of the mine operation and beyond, long after the mine closes (e.g. post-closure programmes of new landscape, alternatives for reclamation including generation of lakes in former surface mines, conceptualization of industrial heritage). Communities need to be given the opportunity to help themselves through participation in CSR projects rather than being recipients of financial gifts from the company. A fair balancing of interests is the basis of any successful cooperation.

Aug 1, 2013

By Carmel Bofinger, Maureen E. Hassall, David Cliff, Eric Stemn

e Springer Nature remains neutral with regard to jurisdictional claims in published maps and institutional affiliations.

By Carmel Bofinger, Maureen E. Hassall, David Cliff, Eric Stemn

e Springer Nature remains neutral with regard to jurisdictional claims in published maps and institutional affiliations.

By T Nixon

A common problem for many mines is insufficient total primary airflow or insufficient airflow in the correct places as the mine changes over its life. This has a number of impacts on the business operation and may result in the need for a major and unexpected capital upgrade of the system, cancellation of a planned production increase, reduction in production targets, increased operating costs, failure to provide contracted metals to customers or acceptance of substandard conditions in the workplace. In some cases, it can even result in premature closure of the mine. In recent times, higher metal prices have given an expected economic boost to many mines, potentially prolonging their life but simultaneously requiring the mine to develop to deeper depths or requiring assets such as shafts and fans to have their service life extended. Insufficient primary airflow is a particular problem in deeper mines as the ventilation circuits become longer, more convoluted, have higher shock losses and the actual airflow requirements increase due to a combination of leakage, dispersion of the workings and the problems of managing the additional heat loads due to higher virgin rock temperatures and autocompression. This paper discusses the reasons why mines experience unexpected shortfalls in primary ventilation capacity with its associated impacts on metal targets, profits and frequently on the health, safety and morale of the workforce, as well as its productivity.

Jan 1, 2008

By Zetti Gavelán

Globalization and the search for new ore deposits inevitably lead to investment in foreign markets. Investors need to be aware of the effect of their venture on regional, social and economic issues when they invest. Decades of detailed statistics from various sources can be integrated and analyzed to predict the social-economic impact of investment, thereby mitigating risk. To this end, the correlation among variables such as foreign direct investment into mining (FDIM), reserves, and socio-economic indexes is examined. The investigation focuses on South America from 1992 to 2000. Throughout the past decade, South America has benefited from capital investment from more developed countries. This huge investment by the mining industry has impacted the South American economies and can be measured directly using the FDIM. Other economic variables investigated include mining gross domestic product, direct employment, and human development indexes. The correlation is based on data compiled from the World Bank, international risk assessment agencies, the United States Geological Survey (USGS), and the information agencies of various South American countries. Initial analysis of the economic data suggests various expected outcomes. For example, foreign investors may disregard a measured, highly negative country risk in deference to the quality of its mineral resources. It is important to note that the standard measures of country risk published by investment analysts are not industry or investor-specific. In the case of the investor, the level of accepted risk is based on their managed investment portfolio. It is noted that arguments for level-playing fields may be the antithesis of globalization. The discovery and exploitation of ore bodies in a globalized environment necessitates the development of economic measures that standardize mining-specific risk variables and trends. The latest published information on the security of mineral investments in South America is investigated by integrating databases of economic, geologic, production, human indexes, and risk ranking.

May 1, 2003

By A. Banerjee, J. P. Weiler, J. Jekl, J. T. Wood, R. Berkmortel

"The work presented here is part of an ongoing project designed to develop predictive capabilities of the local mechanical properties, and thus, structural behaviour of a thin-walled high-pressure die-cast AM60B magnesium alloy component. This work focuses on developing correlations between process parameters and local microstructure. Numerical simulations of the die filling and solidification behaviour of the AM60B component were used to estimate local process parameters such as solidification rate, temperature gradient, filling velocity, etc. These estimated parameters were used to establish semiempirical correlations with measured VALUES (of the local microstructure measured in regions throughout the component of different solidification conditions. INTRODUCTIONHigh-pressure die-cast magnesium alloys are experiencing increasing use in structural automotive components. A strength-to-weight ratio comparable to steels and its ease of castability allow for these alloys to be utilized in such capacities as instrument panel beams, seat and door frames, and engine cradles, among others (Gjestland and Westengen, 2007). However, the current use of these alloys is limited due to variations in local mechanical properties. These local property variations restrict part designers to assume lower than actual properties, resulting in larger sections, thus diminishing the light-weighting advantages of magnesium alloys. If these local property variations could be predicted, part designers would be able to optimize die-cast magnesium alloy components and fully take advantage of the light-weighting capacity of these materials.The work presented here is part of an ongoing project aimed at developing predictive capabilities of the local mechanical properties, and bulk mechanical performance, from variations in local microstructure, and ultimately from local process parameters in die-cast magnesium alloys. This project, unique in its nature, is based upon the results determined from fifty sequentially cast AM60B magnesium alloy instrument panel beams provided by Meridian Lightweight Technologies (shown in Figure 1)."

Jan 1, 2012

By M. Barsky, E. Barsky

It is generally accepted that the optimal flow velocity for gravity classification is the final particle settling velocity or, which is the same, the particle spin velocity. However, we have found differences between the settling velocities and the spin velocities of the very same particles. Here we present the results of experiments in a cascading gravitational classifier comprising eleven stages. The feed material was introduced at each stage successively, from the first to the eleventh. The optimal flow velocity was determined for each case. From these experiments it follows that the value of the optimal flow velocity depends to a greater extent on the point of introduction of the feed (i.e., on the design of the device) than it does on the interaction between the solid phase and the flow.

Jan 1, 2003

By V. Svalbonas

When the Trelleborg Divisions of Boliden Allis and MPSI merged, a unique opportunity occurred for two independent mill fabricators to compare various design procedures and the research upon which they were based. This paper documents such a comparison in the structural design area. Several SAG mill analyses are compared using both Boliden Allis and MPSI methods. The differences and similarities are then utilized in a correlation of critical stress definitions and the acceptable design and inspection criteria.

Jan 1, 1992