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By McMahon D

The approach to valuations at the Normandy Poseidon Group is a measured and methodical process that utilises skills sourced from a number of different disciplines. Whilst being subject to a strict set of guidelines, it is also sufficiently flexible to be able to cope with the considerable variety across the resources industry. The group uses Discounted Cash-Flow (DCF) techniques extensively in order to develop a base valuation. Other external factors (eg the market) are, however, also taken into account when forming a view on value. Other methods of valuation are used in tandem or as alternatives depending on the task. DCF techniques are an important tool but would never be used in isolation. Considerable care must be given to developing the DCF analysis as its components (eg discount rate) are prone to misuse. Whilst the valuation process is quite detailed and scientific, it is really only as good as the inputs or assumptions (technical, financial, etc) that are used. The methodology used remains consistent whether the group is undertaking the corporate planning process or making an acquisition.

Jan 1, 1994

By F. G. Loper

Simulation as a mathematical technique is not new. However, recent increases in digital computer speeds and the ease of programming with languages such as Fortran have centered a good deal of attention around simulation in the last few years, Many sophistications of the method have been developed during this time. However, the ability to simulate mathematically still hinges on the ability to ignore unimportant details which would complicate the mathematics and make simulation impractical, Thus, with this attitude in mind, it becomes very easy to design a pseudo- simulator which will predict average conditions very well, but can not truly allow a detailed study of the system being simulated. Most simulations fall into this category, along with the case mentioned here. This paper is not intended to be a critical treatise of the simulator used to study a particular mining system. Instead, it will be used to illustrate the aspects of simulator development. The steps in the development of any simulator are described, along with same detail of the phosphate mine simulator itself.

Jan 1, 1966

By D. N. Thurston

Luscar Stereo commenced construction of the mine at Coal Valley, Alberta, in August, 1976. It is designed to produce approximately 2.5 million clean short tons of steam coal annually - 2.0 million tons per year being committed to Ontario Hydro and 0.5 million tons per year being committed to Neptune Terminals for sale on the export market. The project involves constructing a heavy-media coal preparation plant, erecting a 42-cubic-yard dragline, constructing a shop/office complex, and developing three surface mining zones and associated facilities. As there were no existing facilities in the Coal Valley area, it was necessary to establish access roads, an airstrip, temporary utilities, fuel supplies, a construction camp, rail upgrading and communication services.

Jan 1, 1978

By F F. Pitard

The optimization of metallurgical processes requires knowledge of the heterogeneity carried by constituents of interest. The common scenario, almost an industry standard, is to rely on the engineering firm who in turn relies on favorite manufacturers of sampling equipment to provide the appropriate sampling systems in the plant to perform accurate metallurgical accounting. This sequence is flawed from the beginning to the end because everything should be based on a careful understanding of the Theory of Sampling (TOS) by the company project team and their expert who invariably would suggest various approaches and different sampling systems.The necessary progressive and iterative approach should be that the company’s project team (mining or other industries) would do its home work to have a good understanding of the geometallurgy, mineralogy and texture of the ore in each geological unit so consultants and engineers would have the best information to start with. Then a reputable sampling expert would recommend which sampling systems are needed, so the company would require engineering firms to follow pre-established, non-negotiable requirements, and finally select the sampling equipment existing on the market today that is most likely to lead to accurate and precise enough metallurgical accounting.It is the author’s experience that when this necessary progressive and iterative approach is bypassed, sampling systems installed in the plant are likely to transgress the most elementary rules of sampling correctness. Invariably the argument is that the company cannot afford correct sampling systems for metallurgical accounting as suggested in the Theory of Sampling. There is nothing that is farther from the truth when later problems will develop and inevitable reconciliation difficulties with miners and geologists become daily routine with impossible answers; as a last resource the sampling expert may be called to perform a post-mortem analysis.The progressive and iterative approach suggested in this paper should be a due diligence requirement for any bank providing a loan for an important new mining project; anything less is most likely to generate unpleasant financial losses; historical, well-known examples are referred to.CITATION:Pitard, F F, 2015. A progressive, iterative approach leading to reliable metallurgical accounting sampling systems, in Proceedings MetPlant 2015, pp 78–91 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Sep 7, 2015

In this study, we develop a detailed model of the likely future carbon footprint of primary copper supply. We develop a peak copper production model, based on a detailed copper resource data set, and combine this with a comprehensive life cycle assessment model of copper mining and milling to predict greenhouse gas emission rates and intensities of Australian and global copper production up to 2100. By establishing a quantitative prediction of both copper production and corresponding greenhouse gas emissions of Australian and global copper industry, we then analysed the emissions intensity of various energy input scenarios, such as business-as-usual, solar thermal electricity and solar thermal electricity with biodiesel. The Australian Government has an aspirational goal for long-term greenhouse gas emissions of an 80% reduction from the 2000 level by 2050. For the copper sector, this means moving from about 12.6 Mt CO2e in 2000 to a goal of some 2.52 Mt CO2e in 2050 (assuming equal emissions reductions across the economy). Based on the energy sources modelled, only the solar thermal plus biodiesel scenario was capable of achieving this goal at about 0.15 Mt CO2e, since the solar thermal alone scenario still includes normal petro-diesel as a major source of emissions. Overall, it is clear that there are abundant resources which can meet expected long-term copper demands, the critical issue is more the carbon (and environmental) footprint of different copper supplies and use rather than how much is available for mining. It is clear that the switch to renewable energy can have a profound impact on the carbon intensity of copper supply, even allowing for increased energy intensity as ore grades decline, and a complete conversion to renewable energy will position the copper sector to meet existing annual greenhouse gas emissions targets and goals.

Aug 1, 2013

By Michael A. Toole, O&apos

INTRODUCTION The tremendous capital investment required to produce a low grade ore deposit demands a reliable answer to the question: "How much does it cost to drill a well to produce the uranium that geologists have indicated is there in the ground?" However, you will find the answers given will be many and varied, depending on whether they come from the operating company, the drilling contractor, a geologist, a reservoir engineer, purchasing agent, or whoever. Each generally considers only a limited area of the total operation. The operating company usually depends upon the drilling contractors, service companies, and consultants to supply expertise. Because it is often difficult to see the "whole picture" or even to agree upon what the "whole picture" is, planning a well program and its costs is often done piecemeal. Frequently, costs "saved" in one area of the program are needlessly spent in another, because the effect of one area upon the other was overlooked. Since the drilling fluid is such an influential part of the drilling program, it should be given utmost consideration when planning the overall program. As W. D. Lacabanne wrote in 1954: "The drilling fluid system is understandably called the heart of the rotary oil drilling rig. Any other type of rotary rig.... should benefit by the incorporation of mud fluids in the drilling scheme." And G. R. Gray mentions that "The driller recognizes the drilling fluid as one of the useful tools available to solve drilling problems." However, in minerals drilling, only in recent years has the drilling fluid been considered as more than a tool to get through special problem areas. Although there are many similarities between drilling for oil and gas and drilling for minerals, the differences in the drilling equipment used justifies designing specific fluids for the minerals drilling industry. NL Baroid/NL Industries, Inc. has been a leader in introducing such fluids and in providing technical know-how to the minerals drilling industry. The purpose of this paper is: (1) to discuss the selection of drilling fluids to meet specific drilling conditions during both exploration and production and (2) to show the interrelationship among factors present in the exploration and production phases that influence total well costs. DRILLING FLUIDS FOR DRILLING PROBLEMS The drilling fluid is a tool that can be used to improve drilling performance by improving hole cutting, cleaning, stability, and formation productivity. Properly formulated and maintained drilling fluids enable the drilling operation to be carried out with increased efficiency and lower total (overall) costs. However, it should be noted that not all drilling problems can be solved by even the most carefully prepared and maintained drilling fluids. Of the many possible drilling problems encountered in a well before reaching target depth, this paper will discuss only those most likely to be present in the shallow [61 to 610 m (200 to 2000 ft)] drilling operations in South Texas. LOST CIRCULATION Loss of circulation is the most common problem encountered in drilling. Because the losses occur under varied conditions, it is often difficult to determine the exact causes. "Lost circulation" or "lost returns" means the partial or complete loss of drilling fluid to voids in the formation. "Loss of water" while drilling with water may take place into any permeable section and should be distinguished from "water loss" or filtration of fluid through the filter cake of mud solids laid down on a permeable formation. "Loss of water" can frequently be stopped by the addition of colloidal sized clay particles such as high yield bentonites, whereas "water loss" may be controlled with organic polymers. Subsurface conditions that lead to loss of circulation can be classified as: (1) natural fractures, (2) induced fractures, (3) unconsolidated or highly permeable formations (loose gravel), and (4) cavernous formations (crevices and channels). Loss of circulation may occur whenever the borehole pressure exceeds the formation pressure. The greater the differential pressure, the more likely it is that circulation may be lost. To stop loss of whole mud, voids must be bridged so that a filter cake can be laid down on the permeable section. The plugging material must be of the proper size and shape to offer greater resistance to the fluid flow around it than the flow up the annulus. A plugging composition that satisfies these requirements may not be able to be handled by the small rig pump available.

Jan 1, 1979

By A. Aaltonen, S. Paloranta, H. Myllykangas

A property based dynamic model of flotation was built and validated for training purposes. The model is based on the work of the AMIRA P9 project. The recovery of each particle with composition and size is calculated in a given simulation step. The model takes into account machine and operational parameters such as air flowrate and froth height. The model was created using fullscale test data on Pyhlisalmi Cu-Zn-pyrite ore with flotation kinetics of multiphase particles determined. Simulation and validation shows that model can predict the dynamic behavior of the process accurately enough for training purposes.

Jan 1, 2009

By Ralph B. Hall

Examination of cored material from the Southern Extension of the Florida Phosphate District has indicated a decidedly complex and diverse sequence of phosphatic sedimentary units. The perfunctory logging techniques formerly used in the Central District are inadequate to properly describe the intricate geology of these sediments. Adequate geologic training and familiarity with the potential ramifications of his judgement are a necessity for the logging geologist. A combination descriptive-graphic logging model is proposed that utilizes a standardized sediment nomenclature system and descriptive symbols for type materials commonly found in these sediments. Justification for adoption of this or a similar logging model is discussed.

Jan 1, 1983

Largely inherited from the past and from strictly internal laboratory use, the certification of reference material using round-robin assaying is often insufficient for the use made today for external assay laboratory control by client parties. Certification often needs to be revisited on the basis of existing round-robin data, especially to derive reproducibility parameters to the end of establishing probabilistic performance gates for operational error detection on a batch per batch basis (ie batch-ærejectionÆ). The most common difficulty arises when only a few certification samples have been analysed in one single batch by each laboratory, so that the round-robin data do not contain the full variability that needs to be quantified. Existing certification data sets from properly submitted round-robin samples were studied using analysis of variance to derive a remedial method, leading to the proposal of default correction factors to restore full variability estimates when no other avenue is available.

Jan 1, 2008

By S. Jain

Construction industry is considered as labour intensive, having shortage of skilled labour, unsafe with large number of industrial accidents. Construction industry requires high technology automation products (Robots) for improving productivity, safety, quality etc. Robots are developed by various countries in different areas like demolition, earthwork, bridge, tunnels, road work, underwater works, trenches and piping, maintenance etc. however they are still not used to their full potential by construction industry. Hence in this paper, the authors propose a ?model for adoption? of robots in construction industry. This model considers how a construction firm will adopt full scale robots like manually controlled machine, tele-controlled machines, computer controlled machines and cognitive robots and assimilate them through various stages.

Aug 1, 2013

By Paul Eimon

In the world of minerals exploration, computer-oriented data storage and retrieval methods are being talked about, studied and researched. The goal is to facilitate the recording, collating, indexing, recovery, and analysis of mineral deposit-prospect data. A survey has been made of the various report forms, suggested outlines, and computer coding forms that are currently used in mineral exploration to index and/or describe mineral deposits and prospects. These forms have a number of common characteristics: location, commodities, type of deposit, host rock, etc. Such basic mineral deposit-prospect "data units" are part of most exploration programs. "Data units" may be comprehensive bound published descriptions of mines or mining districts or 3x5 file cards or elaborate computer coding forms being developed in Canada. Initial attempts to develop computer-oriented information systems have run into the same roadblock: the lack of a body of organized, processible data describing the basic qualities of mineral deposits and prospects. To solve this problem, international committees are considering coding forms, world-wide semantics, and rules or standards for data collection and description. It appears that mistrust and lack of understanding of the computer; fear of loss of proprietary information; and disagreements over terminology are distorting the picture of what has to be done if the mining industry is to grow into more meaningful information systems for mineral exploration.

Jan 1, 1969

By F. J. N. Bruwer, T. R. Stacey

The research described considers whether the variability in coal material strength, as derived through a series of uniaxial compressive strength (UCS) tests, could be used to indicate the variability in coal pillar strength. The aim is to be able to use a distribution of UCS tests as input into the coal pillar strength calculation. This will allow the pillar design to be expressed in terms of a probability of failure rather than as the commonly used safety factor. To achieve this, the bulk strength factor associated with commonly used pillar strength formulae was replaced with a distribution of UCS results divided by an adjustment factor. The factor was determined so as to ensure that the resulting bulk strength does not deviate from the statistically determined bulk strength published in the original formulae. This approach enabled pillar strength distributions to be obtained using industry-accepted strength formulae, subsequently allowing for a probability of failure to be calculated for a specific pillar design. Using a regional coal material strength curve as a baseline, coalfields in which the coal is stronger than the regional mean can be identified and the pillar designs optimized. This is based on the stronger coals achieving lower probabilities of failure at similar safety factors. The research has considered actual UCS data from multiple mines in the Mpumalanga coalfields of South Africa, and has proved that the variability in material strength between coalfields could allow for some optimization using the proposed approach. Based on the data used in the study, a 2.78% increase in extraction could be achieved. However, further research will be required to validate the results of the study in an underground environment.

May 3, 2023

By W. A. Gow, V. F. Harrison, H. H. Mccreedy

A semi-continuous bench-scale, countercurrent-decantation system, in which the ore was moved countercurrently to the flow of leaching solution, was used to conduct acid-leaching tests on uranium ore with the aid of bacteria. This method, which involved a low degree of agitation, was successfully applied to extract uranium in practical amounts and at practical rates. The acidity of the leaching solution was the main variable investigated in the bench-scale tests done at the Mines Branch, Ottawa. Over 90 11er cent of the uranium was extracted in a six-stage system. The results suggest that this technique could be ap-plied in the utilization of bacterial oxidation and leaching as a method for treating Elliot Lake uranium ore.

Jan 1, 1969

Blast Engineers frequently use the terminology "the blast showed good heave", or even "the heave was better this time". It is reasonably obvious that "good" and "better" are not the best terms to use. It is also noted that any variation in the data can be misleading. The author proposes a more precisely defined and objective set of measures as tried and tested in a project in 1988. Simple objective measurements of a muck pile profile can measure 1. distance thrown 2. spread of material 3. heaping of material 4. skewness, or bias in the heaping 5. rotation of the mass This technique enables one to compare the profiles from different blasts without relying on subjective experience or judgement. Simple, artificial profiles will be presented to illustrate the problems of description; and then application of the measurement techniques to these profies will be discussed with physical interpretations. The mathematical techniques will be presented, and results of the application of the techniques to real data collected during research carried out at Baimsdale in Victoria, will be presented as illustration. The use of these techniques in mathematical modelling will be discussed.

Jan 1, 1990

By Lon Santis, Michael Swisdak, David Leidel, John Tatom

The Institute of Makers of Explosives (IME) and A-P-T Research, Inc (APT) have developed and released a quantitative risk management tool, IMESAFR (IME Safety Analysis For Risk), for the commercial explosives industry. Consequence algorithms in IMESAFR are considered state-of-the-art. Generally, they mirror those in SAFER (US Department of Defense Explosives Safety Board quantitative risk management software). The science behind the software has now been assessed for its maturity. Results have identified areas where additional test consequence data could improve predictions. To address these areas, full-scale testing programs to provide the needed data have been formulated. Proposed testing efforts include work to: (1) improve characterization of explosive articles now absent from SAFER, and (2) refine modeling of the Potential Explosion Site (PES) types, particularly small metal structures, also not found in SAFER. Goals of each program as well as requirements for conducting the tests have been established. Testing results are to be used to improve the algorithms and to further the state-of-the-art in risk-based explosives safety.

Jan 1, 2012

Flawed mining studies have been major contributors to poor investment decisions in mining for many years, contributing to the long period of poor industry profitability. Most of the major mining houses have now adopted quite formal processes and quality standards for mining studies to reduce the potential for poor investment decisions in the future. Other organisations such as the World Bank also have specific requirements for particular types of studies, such as bankable studies. This increasing requirement for rigour and discipline means a highly structured and phased sequence of studies is now required along with the development and adoption of industry-wide standards in mine ventilation studies. New terms in the study process such as ?independent peer review? and ?hold and review? are assisting in this process. More traditional terms such as ?feasibility study? and ?pre-feasibility study? now have much more precise technical definitions. Specific standards for the ventilation components of the various phases of a mining study are proposed in this paper.

Jan 1, 2009

It is widely accepted that the type of grinding media has an impact on the grinding chemistry and subsequent flotation behaviour of the sulphide minerals being separated. There are countless laboratory investigations demonstrating that inert grinding media produces more oxidizing pulp potentials, reduced levels of grinding media corrosion products, and superior concentrate grades and valuable metal recoveries. However, taking these results to industrial scale has proved difficult. This paper provides details of the protocol developed and used during a high-chrome grinding media plant trial. It describes the test regime employed to measure changes in pulp chemistry as well as concentrate grades and recoveries to produce a statistically meaningful result. The work also highlighted the need for close cooperation between the metallurgists on site and the researchers conducting the trial. To demonstrate the protocol, data gathered during a plant trail in a PGM concentrate will be presented describing the changes in pulp chemistry and metallurgical response observed.

Jan 1, 2012

By Allen Chung, John Twomey, Christopher J. Greet

"It is widely accepted that the type of grinding media has an impact on the grinding chemistry and subsequent flotation behaviour of the sulphide minerals being separated. There are countless laboratory investigations demonstrating that inert grinding media produces more oxidising pulp potentials, reduced levels of grinding media corrosion products and superior concentrate grades and valuable metal recoveries. However, taking these results to industrial scale has proven difficult.Work conducted at the Ernest Henry Mine, in north western Queensland, Australia, at laboratory and pilot plant scale clearly indicated that using a high chrome grinding media resulted in significant improvements in both copper and gold recoveries. However, advancing this work to plant trial represented considerable financial and technical risk to the mine.This paper provides details of the protocol developed and used during the high chrome grinding media plant trial. It describes the test regime employed to measure changes in pulp chemistry, and the statistical methodology utilised to interpret the results. The work also highlighted the need for close cooperation between the metallurgists on site and the researchers conducting the trial.To date, the trial has produced excellent results: indicating that the copper recovery has improved by about 2 percent. The successful application of high chrome grinding media to the Ernest Henry ore has increased metal value by $18.7 million USD per annum based on current spot price for copper.INTRODUCTIONTheoryThe application of electrochemically inert grinding media to mineral systems has been extensively studied (Table 1). Broadly, these studies indicate that most sulphide minerals are more noble than the grinding media used during comminution. Therefore, the sulphide minerals are cathodic with respect to the forged steel grinding media, and the following reactions apply:"

Jan 1, 2011

By J. Seifert, L. Hunter, P. W. Conrad, S. Rosenthal

"The goal of the protocol for reclaiming in-pit tailings ponds to exceed federal and state regulations was to develop a series of steps that can be followed to design, operate, and reclaim a tailings disposal pond that will develop into grazing land with a wetland for open pit sand mines in warm dry climates. By incorporating a wetland into the reclamation design, the post mining land use gives back to both the wildlife as a source of water as well as providing for a diverse range of post mining land use including but not limited to livestock grazing and ranch land use. An example design was completed using this protocol to demonstrate how the protocol can result in in a well-designed, reclaimed tailings disposal pond. BACKGROUND In an industry plagued with decaying historic mine sites, the public’s perception of mining appears to be poor. While modern mines are closely monitored and generally managed by ethical professionals, history still influences how the public perceives the mining industry. From collapsing abandoned underground workings to historic tailings dam failures, the failure to account for the environment in the past seems to affect public perspective on mining today. In a 2013 “Opinion Former Survey,” a survey conducted through interviews with a diverse range of stakeholders in various gold companies, it was noted that the most serious challenges facing the mining industry were environmental concerns and the permitting challenges associated with them (Council). In another article, this time focusing on Australian citizens and their perspectives of the mining industry, it was found that the majority of those surveyed had a big concern over the environmental impacts of mining especially when it comes to water quality and quantity (Scan). The statistics portrayed in these articles illustrate that today’s mining engineers needs to make more of an effort to change the public’s perspective of mining by being more environmentally aware. These engineers should be continuously asking themselves what they could be doing better from an environmental perspective to ensure that history is not repeated and that natural resources are used as efficiently as possible."

Jan 1, 2018

By N. O. Lotter

Studies investigating the evaluation errors in laboratory scale flotation tests for platinum-bearing Merensky Reef in the Bushveld Complex, South Africa, have constructed a quality control model to assure a 95% confidence in the attested data. Specialized knowledge of the mineralogy of the platinum-group elements (PGE), together with acquaintance of evaluation models, validate a systematic checking of the sub-processes of the testwork. These include determination of minimum mill feed sample size, assay head reference distribution, mass balance checks, and specialized sample preparation of flotation test products prior to analysis. A flow schematic of this quality control model is proposed, with an example of test data that produce an error in the metal balance of 0,2% after rejection of outlier data.

Jan 1, 1995