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By Kraig W. Grubaugh

Rapid growth in the rate of surface mining for coal has caused many states to increase the rigor and complexity of their surface mining codes. The promulgation of Federal surface mining standards may cause those states containing Federal land to amend their codes also. Presented is an up-to-date review of these codes with tabular summaries that divide the codes into operative functions. These summaries will be of use to new operators, multiple-state operators, and state officials. Suggestions are made for industrial efforts to present workable and acceptable amendments to these codes.

Jan 1, 1977

By J. Drelich

The wetting behavior of liquid polymers at solid surfaces and the adhesion forces involved at polymer-filler interfaces should always be considered in the fabrication of high quality polymer composites, including those made with mineral fillers. Spontaneous polymer spreading over the filler surface is a basic condition in the fabrication of the polymer-mineral composites. In this regard, the wetting and adhesion characteristics of polymer-mineral systems are reviewed in this contribution. It appears that several aspects of wetting phenomena at mineral filler surfaces are not well described in the literature and require further systematic study. Specifically, it is clear from this review that efforts should be made to determine the effects of mineral surface contamination (including surface hydration) on wetting and adhesion phenomena, and to determine the wetting characteristics of molten polymers at mineral filler surfaces. It is expected that any improved fundamental understanding of wetting and adhesion phenomena for the polymer-mineral composites will provide the basis for further technological development.

Jan 1, 1995

By O. W. Ellis

BEFORE entering upon a general discussion of the fascinating, but at present rather controversial, subject of gases in copper, the author feels that some attention should be directed to the work which has been carried out on the solubility of gases in metals. The outstanding contributions to our knowledge of this subject have been made by Sieverts and his collaborators(1) t and by Iwasé.(2) Both the German and the Japanese investigators employed apparatus of the same general design in their investigations. Full reference need only be made, therefore, to the German scheme, which is diagrammatically illustrated in Fig. 1. This, to use the words of Sieverts, which he employed in describing his Burette arrangement of apparatus at the 1928 meeting of der Deutschen Gesellschaft fur Metallkunde(1g): shows a diagram of the usual mode of procedure. A quartz flask contains the metal (for high temperatures a highly refractory porcelain FIG. 1.-SIEVERTS' APPARATUS FOR INVESTIGATING SOLUBILITY OF tube is used) and is connected with the rest of GASES IN METALS. the apparatus by means of a stopcock. The other parts consist of a burette divided into 1/10 c.c., a leveling tube, and art adjus-table mercury reservoir. The burette is connected on one side with the gas inlet and on the other side with the absorption flask; the connection can be interrupted by means of suitable taps. Another tap permits the connection of the flask and the Töpler pump. In an experiment the quartz flask is first exhausted and then a meas-ured quantity of gas is let in from the burette. In the first place the volume of the flask when empty is found by calibration with an inert gas. The pressure is read off on the level tube of the burette, and the temperature measured by means of a thermo-couple whose welded junction lies close to the outside of the quartz flask, which is heated in an electric furnace. In several experiments the quantity of absorbed gas was transferred to a burette by means of a pump and measured.

Jan 1, 1932

By L. A. Maseko

"As part of the mining engineering curriculum, students are required to be placed in industry for vacation work or work-integrated learning (WIL). In this paper we review work-based placement as done at the four South African mining schools: the University of Johannesburg, the University of Pretoria, the University of the Witwatersrand, and the University of South Africa.Key aspects of past and current WIL (pre- and post-graduation) practices that may need attention are highlighted for consideration by all universities that provide professional qualifications. Work-directed theoretical learning, problem-based learning, project-based learning, workplace learning, and simulated work experiences are discussed as legitimate approaches to WIL.Regardless of the choice each institution makes, commitments of universities, preparedness of university teachers, and the desire for equity and excellence will play an important role in the provision of WIL.DefinitionsAccredited Qualification: a qualification awarded on successful completion of an accredited programme.Advisory Boards (or Committees): are essential infrastructure for a WIL curriculum that is built on the integration of the workplace and the university. This requires the collaboration of experts from both environments. Workplace advisors are critical to the success of the academy as they embody expert knowledge of the ‘real world’.Assessment: the process of determining the capability or competence of an individual against standards by evaluating performance.Category: a mode of registration defined in or under the ECSA Act which has a distinctive purpose, characteristic competencies, defined principal routes to registration, and educational requirements.Experiential learning: (in South Africa sometimes used synonymously with work placement or cooperative education) is a term used with a great variety of meanings in the international literature. More broadly, it may refer to learning that has meaningful learner involvement. It is the process of generating meaning from direct experience. In the international literature, experiential learning is learning through reflection on doing, which is often contrasted with rote or didactic learning."

Dec 1, 2018

By Pinar Eksert, Hakan Akcin

Investigations show that injuries and fatalities in mining workplaces in developing countries are increasing. In Turkey, the number of workers killed in occupational accidents in the Zonguldak Hard Coal production region per 100,000 tons of coal production is 2.83 in the private sector and 2.03 in the public sector. For this reason, it is important to conduct risk analyses in terms of occupational health and safety and to implement measures quickly. Risks are evaluated with reactive and proactive approaches. Because hazards and events are often unpredictable in high-risk areas such as coal mining, it is not practical or meaningful to plan proactively in advance for every possible situation underground, especially psychosocial risks. However, it is important to develop protective strategies and measures for unexpected events or to take a reactive approach to prevent future incidents or accidents and to identify psychosocial risks. Therefore, reactive risk assessments based on the tactics and strategies of criminology can be conducted and spatiotemporal geographic information system (GIS) techniques can be utilized, enabling managers in mining workplaces to correct assessments.

Oct 1, 2024

By V. I. Lakshmanan

Crown ethers are gaining importance in separation technology specifically for rare earth elements (REE, La to Lu plus Y) and precious metals (Au, Ag, Pt, Pd, Rh and Ir) due to their specific binding ability, metal complex stability and high extraction efficiency. The selectivity of crown ethers in extraction of these metals depends on different factors, including the cavity diameter and nature of a donor atom of the crown ether, size and charge of the metal ion, diluents and counter ion. Demand for strategic REE and precious metals are consistently increasing in the world while the separation of these metals is most challenging tasks. In this paper, the use of crown ethers in separation of REE and precious metals, reaction mechanisms and simplified process flowsheets will be elucidated. New reagents with high selectivity for the separation of these metals are further expected to produce high purity metals.

By Sheshang Singh Chandel, Prvan Kumar Katiyar, Navneet Singh Randhawa, Prince Kumar Singh

Mineral process wastes, such as metallurgical slags nowadays, are of significant metals and materials resources in the circular economy. The usability of iron-making slag is well established; however, steel slag still needs to be utilized due to various physicochemical constraints. In this context, we have reviewed the global steel slag generation, processing, characteristics, and potential application with suggestions for futuristic possibilities to address the technical, economic, and environmental aspects of steel slag recycling. The steel slags inherit characteristics from ore chemistry and their processing routes, which may be Blast Furnace-Basic Oxygen Furnace (BF-BOF) or Direct Reduced Iron-Electric Arc Furnace (DRI-EAF) steel-making routes with/without treatment in a Ladle Furnace (LF). The average generation of slags in BOF, EAF, and LF processes accounts for 110 kg, 70 kg, and 40 kg per tonne of steel, respectively. Considering global steel production of 1878 million tonnes in 2020, the associated slag by-products possess a significant resource of major components like FeO, CaO, SiO2, Al2O3, etc. Selecting a recycling technique depends on the slag's end use, logistics, and physicochemical characteristics. BOF and EAF slag are used ~ 48% in road construction applications and ~ 10% for industrial specific metallurgical use. EAF slag is preferred as cementitious material as compared to BOF. Hot-stage modification of BOF slag has emerged as a preferred method to achieve desired chemical and subsequent mechanical properties for end use. BOF slag has high carbon dioxide sequestration potential for in-plant remediation among steel slags.

Nov 20, 2023

By Chen Xia

Iron separation from rare earth elements has always been an essential operation in almost all steps of rare earth element recovery and purification processes. As RE3+ and Fe3+ behave similarly in many operations the separation can sometime be either difficult or cost-inefficient. This article attempts to review the methods and options for removing the iron content within the process, with the focus on the existing or proposed precipitation and solvent extraction technologies. The precipitation of iron from REE solution as iron hydroxide, jarosite, goethite, hematite, or phosphate are briefly introduced. Methods for precipitating REE from solutions leaving iron impurities in the aqueous phase are discussed. Some proposed solvent extraction flow sheets for separating iron from REE are conceptually reviewed in this article.

Jan 1, 2013

By SANDEEP KUMAR JENA

This review work reports the recovery of potassiumfromdifferent rocks and mineral sources. The global demand for potassiumis rising consistently due to the growth of agricultural production. A major portion of the world potassium production is consumed in making of fertiliser; however, other uses include those in pharmaceutical, glass, ceramic, food and detergent industries. The availability of soluble potash minerals (sylvite, kainite and carnallite) in different countries like Canada, USA, Israel and Russia makes them as major potash producers, whereas agricultural-based countries like Liberia, Somalia, Central African Republic, Thailand, Indonesia and Malaysia including India meet their potassium requirement through import only. On the contrary, the availability of huge potassium-bearing rocks/minerals (like nepheline syenite, feldspar, mica, glauconitic sandstone) in these countries containing around 4–17% K2O would be a prospective for commercial production of potassium. The potassium recovery from minerals/rocks is very complicated due to the uniform distribution of potassium throughout the crystal structure. Different physico-chemical separation methods like bioleaching, chemical leaching, flotation and roast leaching have been discussed for the successful recovery of potash values from these rocks/minerals. However, the recovery of potassium from hugely available seawater using the chemical precipitation, solvent extraction,membrane separation and ionic exchangemethods is not cost-effective due to the low concentration of potassium.

Aug 31, 2020

By SANDEEP KUMAR JENA

This paper reviews the recovery of potassium from different rocks and mineral sources. Global demand for potassium is rising steadily due to the growth of agricultural production. Fertilizer manufacture consumes the majority of the world’s potassium production, with other uses including those in the pharmaceutical, glass, ceramic, food and detergent industries. The availability of soluble potash (K2O) minerals, such as sylvite, kainite and carnalite, in countries like Canada, the United States, Israel and Russia makes them major potash producers, whereas agriculture-based countries like Liberia, Somalia, Central African Republic, Thailand, Indonesia, Malaysia and India meet their potassium requirements through imports only. In these countries, the huge availability of potassium-bearing rocks/minerals like nepheline syenite, feldspar, mica and glauconitic sandstone, containing around 4 to 17 percent K2O, brings up the prospect of commercial production of potassium. Potassium recovery from minerals/rocks is complicated due to the uniform distribution of potassium throughout the crystal structure. Different physico-chemical separation methods like bioleaching, chemical leaching, flotation and roast-leaching have been discussed for the successful recovery of potash values from these rocks/minerals. Although seawater is vastly available, the recovery of potassium from seawater using chemical precipitation, solvent extraction, membrane separation and ion-exchange methods is not cost-effective due to low concentration of potassium.

By M. T. Shehata, R. W. Revie, M. Elboujdaini

Environmentally assisted cracks in linepipe steels are initiated either as a result of stresses in combination with environmental effects, as in stress corrosion cracking (SCC), or as a result of trapped hydrogen in the steel, as in hydrogen-induced cracking (HIC). To understand better the mechanism of the crack initiation process, key metallurgical and environmental elements that can affect the cracking phenomena were investigated and are reviewed in this paper. The complexity of both cracking phenomena results from the dependence of SCC and HIC on multiple metallurgical, mechanical, and environmental parameters that may all influence both crack initiation and propagation; e.g., composition, microstructure and non-metallic inclusions in the steel, applied stress, water chemistry in the field, and ionic concentrations in the groundwater near the pipe surface to name a few for SCC. In addition, for HIC phenomena, one can add the concentration of H2S in the fluids transported in the pipe as well as concentration of CO2, pH, etc. In this paper, cracking of linepipe steels is analyzed critically, with particular attention to the crack initiation process. The paper is divided into two parts: The first part covers SCC and the second covers HIC.

Jan 1, 2005

By Geoffrey Brooks, Ben M. Ekman, M. Akbar Rhamdhani

"Concentrated solar collectors including solar simulators have been studied to concentrate solar radiation to flux levels capable of reaching temperatures of 3000K. Currently, there are no industrial scale solar reactors used for material processing and only small research units have been tried. Various laboratory scale solar reactor designs are reviewed including their operating temperature and heat transfer efficiency. Solar reactor designs can be classed into directly or indirectly irradiated and single or double cavity construction. Thermal efficiencies of up to 40% have been achieved in experimental units while operating at 1500K. Problems are encountered that relate to the transfer of high heat flux. Hybrid reactor system should be considered in the future to overcome some of the practical issues associated with solar thermal reactors.I. INTRODUCTIONIn the high temperature processing of materials, such as the production of metals, cement, refractory or glass, the reactions are typically performed in the range of 500° to 2000°C. Metals are produced from minerals, which maybe oxides, sulphides, chlorides or silicates, and to recover the metals, these compounds have to undergo chemical reaction to liberate the metal. The thermodynamic stability of these compounds found in minerals necessitates the use of high temperatures to break down the bonds between the metals and other elements. Normally, the raw metals produced from smelting require refining, which is often carried out in the molten state. As new energy sources have been established, new furnace designs have evolved to incorporate the latest technology. Although solar energy has existed longer than all the current energy sources, it has not yet been incorporated into any industrial smelting; refining or melting processes. The solar radiation reaching the earth’s atmosphere, called the “Solar Constant” (SC), is defined as the rate at which solar energy is incident on a surface normal to the sun’s rays at the outer edge of the atmosphere when the earth is at its mean distance from the sun. The currently accepted value is 1367 W/m2 [1]. The earth intercepts only a small amount of this and 30% is reflected back into space, 47% is converted to low-temperature heat and reradiated into space and 23% powers the evaporative and precipitation cycle of the biosphere [2]. As a result, the solar energy reaching the earth’s surface is weakened considerably to about 1000 W/m2 or one sun, on a clear day and much lower on cloudy or smoggy days [3]. The thermodynamic limit for solar concentration is determined from the inverse square law [4] by the factor sin2? = 46,764 sun’s [5] where ? is the angular size of the sun and equals 0.0093 radians [7]. This would produce a steady state temperature equal to that of the sun’s surface of approximately 5800oC. In practice however much lower concentrations are achieved due to geometrical and optical imperfections, shading effects and tracking inaccuracies. Optical configurations based on parabolic-shaped mirrors are commercially available for large-scale collection and concentration of solar energy for the generation of electrical power. The most common configurations used for concentration of the sun’s energy in solar thermal applications are parabolic troughs, solar towers and parabolic dishes [8,9]."

Jan 1, 2014

By T. Grammatikopoulos, C. Gibson, M. Aghamirian

"Lithium is a silver-white alkali metal that has recently become a target commodity for many junior mining companies. Lithium has a wide range of applications including ceramics and glass, lubricating greases, air treatment, continuous cast mold flux powders, polymer production, and primary aluminium production, but the current popularity of lithium can be attributed to an anticipated increase in demand for lithium ion batteries. The most common lithium-bearing minerals occur globally in pegmatites and granites. Spodumene [LiAl(Si2O6)] is the most desirable economic lithium-bearing mineral due to its high lithium content (theoretical Li2O content of about 8 wt%). However, lithium can also be hosted in petalite, micas, tourmaline, and phosphate minerals. In Canada there are a number of spodumene deposits in Ontario and Quebec at development stage that have the potential to help narrow the forecast lithium supply gap stemming from the widespread acceptance and use of electric vehicles. This paper discusses the beneficiation of hard rock lithium deposits, including an in depth review of the use of flotation to upgrade spodumene. A review of the use of dense media separation (DMS), magnetic separation, and roasting as means to process spodumene bearing ores is also discussed. INTRODUCTION Lithium is a soft, silver-white alkali metal with atomic number 3. As of 2015, the end use of lithium was estimated to be as follows: lithium-ion batteries (35%), ceramics and glass (32%), lubricating greases (9%), air treatment (5%), continuous casting mould flux powders (5%), polymer production (4%), primary aluminium production (1%) and other uses (9%) (Jaskula, 2014). Lithium is found in brine lake deposits containing lithium chloride and in hard rock pegmatite deposits. It can be sold in a range of product types; as mineral concentrate, brine, compound (lithium carbonate or lithium hydroxide) and metal depending on its intended end use (Goonan, 2012; Jaskula 2014). In the 1990s the United States and Chile were the largest producers of lithium globally, primarily from brine operations (Ober, 1994). Most of the lithium compounds produced over this period were consumed in the glass, ceramics and aluminium industries. In the 1980s and 1990s there were two major lithium operations in the United States: brine operations at Silver Peak, Nevada, and a spodumene mine and lithium carbonate/lithium hydroxide plant in Kings Mountain, North Carolina. The Kings Mountain operations ceased production in 1991 and were eventually dismantled in 1994. Brine operations were also active in Argentina and Chile, while the largest lithium ore deposit in the world was operated at Greenbushes, Western Australia. During this period it was predicted that major shifts in demand for lithium would come from the success and widespread use of electric vehicles (Ober, 1994)."

Jan 1, 2017

By Steven J. Page

Accurate measurement of workplace respirable dust concentration is an essential step in eliminating lung disease in any occupational setting. In the United States (U.S.) coal mining industry, this measurement process has relied upon a personal sampler that includes a 10 mm Dorr-Oliver (DO) nylon cyclone operated at a flow rate of 2.0 L min-1 to collect a respirable dust sample. Dust concentrations measured with this sampler are multiplied by 1.38, which was empirically derived, to convert them to measurements approximating the United Kingdom British Medical Research Council (BMRC) definition of respirable dust upon which the health effects of coal mine dust are based. The International Organization for Standardization (ISO) subsequently refined the respirable dust definition and the U.S. National Institute for Occupational Safety and Health (NIOSH) 1995 Criteria for a Recommended Standard presented a conversion multiplier of 0.857 to apply to the 2.0 L min-' DO (in addition to thel.38 multiplier) to obtain equivalent ISO concentrations, as approximated by the 1.7 L min-1 DO. However, the conversion multiplier 0.857 was derived indirectly from a limited size distribution data set rather than a direct comparison of the DO samplers. The present analysis focuses on providing a more accurate conversion multiplier derived from direct comparisons of the 2.0 L min-1 (with 1.38 BMRC equivalency multiplier) and 1.7 L min-1 DO cyclones. A weighted linear regression analysis of this database suggests that a more accurate estimate of the conversion multiplier is 0.815.

Jan 1, 2009

By Schoning W. L

Ore deposit models form the basis for numerous other economic decisions in the mining process. The success of these economic decisions therefore depend directly on the accuracy of the ore evaluation process. The Geology Department at the Sishen Iron Ore Mine is responsible for the generation of a reliable geological computer model of the rock material with predicted grades. This information is then utilised for further ore reserve calculations, mine planning, production scheduling and grade control. Owing to a very complex geological orebody, grades and beneficiation characteristics differ significantly from sample to sample. This means that ore evaluation is a difficult process and great reliance is placed on computer techniques. In 1993, preparation for the ISO 9002 quality certification of the mine motivated the Geology Department to hold formal `problem solving' sessions in order to identify and revise problem areas in operating

Jan 1, 1995

By J. Tuzo Wilson

"AT ANY TIME, it is a pleasure to me to be invited to address The Canadian Institute of Mining and Metallurgy because it represents an industry and men with whom I have been happily, if peripherally, associated continuously for forty years. This year, it is a particular pleasure because I believe that an important subject has arisen which I propose to discuss.This is a major discovery in the earth sciences, first fully revealed this winter, but already widely accepted. The basis of this revolution, for it is no less, is that measurements of three different features of the earth all change in exactly the same ratios. These ratios are the same in all parts of the world. The results from one set are thus being used to make precise numerical predictions about all the sets in all parts of the world. No such accurate correlations and predictions have ever been found before in geology or areal geophysics. The whole subject of earth science has thereby been radically altered.The first of these measurements is that of the direction of magnetic polarity in lava flows. When piles of young lavas are examined with the aid of a pocket compass, it is noted that some flows are magnetized in the direction of the earth's field and some in the reverse direction (Figure 1). By accurately dating enough flows, a time scale of the dates of reversals has been established. During the past four million years, nine reversals have occurred synchronously all over the world (Cox, Darymple and Doell, 1967, McDougall and Chamalaun, 1966) (Figure 2). It appears that the scale can be extended back to Precambrian times (McMahon and Strangway, 1967). This time scale is the first of the 'three identical ratios."

Jan 1, 1968

By R J. Wood

Raise drilling (or raise boring) is not a new technology or methodology. The first raise drilling machine was developed by The Robbins Company (TRC) of the USA in 1962. TRC manufactured the first tunnel boring machine (TBM) in 1952 and Jim Robbins, the founder of the company wanted to ‘turn the TBM concept on its head’ so to speak.Many improvements have ensued in the 50 years since the first machine. Such improvements include advances in the drill rod and thread design, cutters and reaming heads. Raise boring would not have been possible without the development of the tungsten carbide insert cutters and there have been big advances in both the carbide technology and in the mechanical design of the cutters.Over time mines have developed deeper with a greater use of diesel equipment resulting in greater ventilation requirements. This in turn means larger and deeper ventilation shafts. There have also been improvements in directional drilling techniques. This all combines with the need and ability to construct larger shafts using the safe method of raise drilling. With suitable geotechnical conditions the RBR900VF is capable of drilling shafts to a diameter and depth of greater than 8 m and 2000 m respectively. Greater diameters are possible over shorter lengths with suitable ground conditions.The RBR900VF was designed and manufactured to specifications developed by Macmahon. This machine has the greatest thrust and torque capability of any machine in the world. It enables cutters to be more heavily loaded in the larger diameter heads and this is essential for efficient rock excavation. Additional features of the new machine include minimal manual handling to provide a safer working environment and higher strength steel for the drill rods providing additional safety margin.CITATION:Wood, R J, 2014. A revolution in raise boring – the development of the RBR900VF, in Proceedings 12th AusIMM Underground Operators’ Conference 2014 , pp 171–178 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Mar 24, 2014

By A. Mainza, I. Govender, J. Waters

"The study of the properties of mineral processing suspensions is important in understanding how a circuit might behave. As soon as the predominantly dry ore enters a wet milling stage the ore properties undergo changes as a ‘slurry’ is created. Slurries can be classified in terms of their physical properties (particle density, solids concentration, particle size and size distribution, particle shape), and their flow properties such as rheology. Slurry flow regimes are classified into true homogeneous, pseudo homogeneous, heterogeneous and fully segregated, and only true homogeneous and pseudo homogeneous suspensions can be characterized by their flow structure. A class of the heterogeneous regime are the so-called dense phase or settling slurries - those which result in a clear water surface on standing, although they may approach a pseudo homogeneous state if suspended for a sufficient period of time. They are usually extremely difficult to characterize by their rheological properties alone and the rheological characterization of these slurries has always posed a problem, especially at higher concentrations. Previous rheological studies have focused on the individual concentrator units dealing with milling, classification, pumping, flotation, fine grinding, thickening.In this work an attempt was made to characterize two ore types (copper and a Platreef platinum ore) using a custom built Paterson and Cooke tube rheometer, at concentrations up to 43% by volume. After applying a turbulence correction, results showed Bingham plastic behavior. A conventional vane rheometer was then used to compare the rheological behavior of platinum concentrator streams. A size criteria was used to identify any rheologically dominant streams."

Jan 1, 2014

By M. Girard, E. Bourricaudy, M. Ashbury, M. Canizares, A. Mezei

Liquid-solid separation and slurry handleability relate directly to commercial plant ramp-up success or lack thereof. The paper provides a well-proven approach for testing, scale-up and commercial application of difficult processes. Emphasis is placed on practical applications of rheological concepts developed both academically and empirically. The cause-effect relationship between the process chemistry and possible physical implications on the metallurgical plant operability is presented in a simple, direct form. Examples include recent results in areas of mineral processing and extractive metallurgy. Technical process risk factors and their mitigation are included in the discussion.

Jan 1, 2011

By Nasser Madani, Yerbol Tussupbekov, Sergei Sabanov, Zarina Mukhamedyarova

A case study was conducted on a metal mine operating in Kazakhstan, in which problems were associated with use of a complicated and outdated ventilation system and its high expenses. The mine needs to reconsider its existing ventilation system and identify the risks associated with operational losses when using this ventilation system. The aim of this study was to develop an efficient risk analysis method capable of estimating operational risks and financial benefits of the existing mine ventilation system. The developed risk analysismethod considers ventilationmodelling, riskmodelling, and financialmodelling.Ventilation modelling comprises ventilation simulation and ventilation financial simulation. In risk modelling, the number of risk events occurring with the use of existing ventilation system and the operational losses during these events is estimated. Financial modelling considers operational losses and ventilation financial simulation benefits and uses a dynamic cash flow model to estimate how cost variability influences the cash flow. As a result, the improved ventilation system attains an additional NPVa ranging from 3.2 to 8.5 million US$ at the corresponding defined probability of 90%. The results of this study reveal that the developed risk analysis method can efficiently estimate the financial benefits of ventilation modelling and consider risk events and their total operational losses associated with use of the existing ventilation system. This approach provides a range of possible outcomes and helps with deciding whether the ventilation system is appropriate or whether it should be updated to better suit the project financial benefits.

Jun 3, 2020