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By C. Roos, K. Jetmore

Developing a strategic underground mine plan is challenging and investigating multiple scenarios may take weeks. This process can be sped up using the Theory of Constraints to isolate the bottleneck mining activity and simplify the mine schedule process. This paper presents a technique to apply the Theory of Constraints to test multiple cutoff grade scenarios in Mineable Shape Optimiser and quickly produce many high-level production-based schedules that can be easily interpreted using stope-by-stope graphs, the Hill of Value, and through incremental return analysis.

Mar 2, 2022

By Bernardo J. Jiménez Vega, Edy L. T. Montalvan PhD

The experience gained during more than 900 Crosshole Sonic Logging (CSL) tests on drilled shafts shows the importance of establishing proper project acceptance and repair protocols. Drilled shaft evaluation is a multidisciplinary task that should not be left solely to the outcome of the CSL test. This test allows to characterize and delimit areas of different qualities of concrete, and it is important that all the interested parties understand the difference between flaws and defects. The information presented here is intended to give a guideline to contractors, inspectors, engineers, owners and clients on how to deal with acceptance and remediation of defective drilled shafts, detected using CSL tests. A database of flaws is presented depending on their location, intensity and remediation method. Procedures that allow the flaws to be analyzed are presented in order to dismiss or classify them as defects. In many cases, the CSL test may indicate an anomaly, but by coring the concrete and analyzing the structural demands and conditions, the flaw can be classified as non-severe. When flaws are classified as defects, their repair will depend on the area where they are located in the drilled shaft pile. In this document two procedures are described for repairing defects depending on their location. For defects in the drilled shaft head area, the procedure takes into account the interaction between the new and old concrete. For repairing the middle zone of the drilled shaft by grouting, the major concerns are the difficulty of accessing through the drilled shaft at deep depths and the communication between boreholes. For defects at the drilled shaft tip, two proposed remediation methods are presented. Finally, tomography tests are presented to compare the effectiveness of remediation by grouting.

Oct 1, 2022

By Aditi Sharma, Sumanta Haldar

Scouring of soil is the major concern forthe various hydraulic structures built in the flowing rivers since scouring impacts the bearing capacity of foundations. Hence, consideration of scouring in the design of foundations for hydraulic structures is crucial. Pile groups in bridges are subjected to combined vertical and horizontal loading due to self-weight, live loads, vehicular impacts, wind load, earth pressure, and current. Hence, an assessment of the combined bearing capacity of pile groups subjected to scour is essential for the safety of the structure. This paper aims to analyze the bearing capacity of pile group supporting the bridge under combined loading i.e., Vertical (V) and Horizontal (H) loading subjected to local scour. Three-dimensional finite element model (3D-FEM) of a 3 x 3 pile group embedded in homogeneous sandy soil is established in Abaqus (2018). Mohr-Coulomb plasticity model is used for the soil domain. The pile group is modelled as linear elastic. Finally, V-H yield envelopes are obtained with and without scour. The potential impact of different parameters, such as angle of attack, flow velocity, depth of flow, and different pile length-to-diameter ratios (L/D) and spacing-to-diameter ratios (S/D) of pile group on V-H yield envelopes is studied.

Sep 1, 2022

By Irwan Halim, Stephane Polycarpe, Brian Hann

The Narragansett Bay Commission Phase III CSO Program includes construction of the 11,600-foot long, 30-foot ID, deep rock Pawtucket Tunnel in Rhode Island. This paper provides an overview of the Design Build Project features and highlight some of the important design considerations, features, and innovations, including geologic conditions and related TBM design, and deep shaft and tunnel segment designs. The paper provides the most recent updates on some of the project construction activities including TBM tunnel progress and retrieval schemes, tunnel pump station and deep vertical shaft liner installations, SEM construction, and microtunneling for the longest adit using Fiberglass Reinforced Polymer Mortar pipes.

Jun 23, 2024

By D W. Evans

Research into the dynamic properties of ground support elements continues to grow at a global level, given the increasing importance of this field of application within underground hard rock mining. Measuring the mechanical response of such elements under the rapid onset of simulated rock burst loads forms the basis for this experimental work, typically utilising gravitational drop testing methods. This field of research is fundamentally driven by an increasing need for dynamic performance data, given the constant evolution of rock bolting product designs, materials selection, combination testing and specific application needs based on ground types and loading scenarios. A smaller number of globally recognised dynamic test facilities have predominantly lead research within this arena, typically in association with academic institutes, larger industry groups and government research institutes. However, due to the increasing requirement for dynamic performance data, additional facilities have now emerged in order to satisfy the overall demand for test work. These newer facilities are more typically associated with suppliers to the underground hard rock industry, with experimental designs looking to replicate, at least in part, the work of the primary facilities. For standardisation, repeatability and calibration purposes, the cross validation of test data between primary and secondary facilities becomes an obvious and important consideration across this field of research. This paper outlines the development of a new dynamic drop test facility for testing rock bolts, including the structural design and associated high speed data capture system. Based on the utilisation of identical bolt types, material grades, anchoring systems and decoupled ‘free-lengths’, comparative data has been generated to provide cross validation of the new test facility against data generated by a globally recognised primary facility. The cross validation of data provides increasing confidence in the repeatability and accuracy of the new facility as activity continues towards the provision of further experimental test work.

Nov 29, 2022

By D Giles, A C. Bailey

In the first 20 years of the 21st century, just over 20 per cent of Australian mineral exploration expenditure was dedicated to iron ore, totalling >A$8 billion and >30 million metres of drilling (Australian Bureau of Statistics, 2021). Improvements in the cost, efficiency, safety, reliability and data quality of drilling have the potential to deliver significant productivity improvements, increasing the probability of discovery and reducing the time from discovery to mining. Currently in its third year of research, Mineral Exploration Cooperative Research Centre (MinEx CRC) is focused on a new set of exploration tools and new ways to deploy those tools which recognise the fundamental importance of collecting quantity and quality data from the subsurface, to enable exploration success for all minerals, including iron ore. MinEx CRC is focused on developing more productive, safer and environmentally friendly drilling methods to discover and drill-out deposits. This includes pioneering work on Coil Tube (CT) drilling technology and innovations in Diamond and Reverse Circulation (RC) drilling techniques aimed at improved drilling optimisation and automation. In parallel, MinEx is developing new technologies for collecting data whilst drilling. This is being undertaken in four separate industry-led projects utilising geophysical, seismic, downhole analytical and 3-dimensional (3D) modelling improvements. A National Drilling Initiative (NDI) is also underway, with two drilling programs completed in 2020. The NDI is a world-first collaboration of Geological Surveys, researchers and industry, which undertakes drilling in under-explored areas of potential mineral wealth in Australia and provides a test-bed for new mineral exploration technologies.

Nov 8, 2021

By C Zschiesche, alam, A Abadias Llamas, A K

Lead has the ability to collect and carry valuable metals such as copper, bismuth, antimony, tin and precious metals for their downstream recovery. Therefore, lead metallurgy is key for the raw material supply that our society demands. Lead smelters, excluding lead-acid battery recyclers, tend to process more complex primary and secondary raw materials, which are mostly processed via the pyrometallurgy route. Accordingly, understanding the slag system of these metallurgical processes is key for the efficient industrial operation and recovery of minor elements. Glencore Nordenham is an integrated lead and zinc smelter in northern Germany with a production of 92 000 t of lead and 164 700 t of zinc in 2022. The lead production line processes complex leadbearing raw materials through the direct smelting process. Firstly, the feed mix is smelted in a Top Submerged Lance (TSL – Ausmelt®) furnace, where a lead bullion containing minor metals and a lead-rich slag are produced. Then, the lead-rich slag from the TSL is tapped (via launder) into a Side- Blown Furnace (SBF), where lead oxide is reduced to produce lead bullion (with minor elements) and discard slag. The lead bullion from both stages is refined to produce lead (>99.9 per cent) and recover the minor elements (Cu, Ag, Au, Sb, Te, Bi etc). This paper reflects the experience of operating the SBF after the first five years of operation and describes its ‘PbO-SiO2-FeOx-CaO-ZnO’ slag system. Firstly, the slag system, the furnace operating region and the potential solid phases present are discussed from a theoretical point of view. This theoretical study has been performed using FactSage™ 8.2 and the database developed by the Pyrosearch group at the University of Queensland, Australia (UQPY). Then, the FactSage™ simulations are compared with industrial slag measurements. Finally, some examples on how the slag knowledge gained at Glencore Nordenham can help the industrial operation of the SBF are discussed.

Jun 17, 2024

By M Pyle, R Ch, T Vizcarra, ramohan, G Lane, G Ballantyne

Preconcentration, through gravity separation (Wallace et al, 2015), magnetic separation and particle size (Clout, 2013), has been used in many historical projects to convert low grade material into ore. More recently, pre-concentration technologies such as bulk sorting (Kurth, 2017), screening (Bearman, 2014) and coarse particle flotation (Vollert et al, 2019) have also demonstrated their ability to progressively reject waste through the value chain. These technologies can not only deliver stepchange improvements to the economics of mining operations, but can transform the environmental and social aspects by minimising water and energy consumption and significantly reduce the quantity of fine tailings produced. However, implementing progressive waste rejection requires technologies and approaches to be combined and applied in the right way to capture the value. From a technical perspective, progressive waste rejection introduces challenges related to the orebody, equipment performance, engineering and understanding the value chain from the resource through to final product. From a management perspective, the key issues are related to people and processes, in particular; motivating the business, challenging the paradigms, and introducing new ways of operating within the constraint of existing management structures to manage risks and minimise lost opportunity costs. This combination of technical and management issues means that progressive waste rejection is a complex undertaking for mining companies, yet the reward for the business and other stakeholders is potentially high and should not be ignored. This paper presents how progressive waste rejection can offer step-change improvements to the business case for high and low grade greenfield and brownfield projects based on case studies completed by Ausenco. The paper then outlines different implementation approaches from concept studies to execution to address the various technical and management challenges outlined above.

Nov 10, 2020

By J Rutter, D La Rosa, P Walters, M Scott, L Keeney

Bulk ore sorting technologies, whether surfaced based or penetrative, have seen an increased uptake by the mining industry for preconcentration application. As with all technologies, going through the technology validation process is key to de-risking the operationalisation of the technologies and to demonstrate and confirm predicted value propositions. The ability to laboratory calibrate cross-belt bulk sensors is standard practise for sensor vendors, however transitioning the technology from laboratory to real-world application is a non-trivial process. The industry has taken two main approaches to trialling and validating bulk sensing technologies in operational environments, namely:  Construct an off-line pilot facility at scale, or  Install bulk sensing systems on production conveyors Each of these two approaches have significant advantages and disadvantages and require different experimental design programs and analysis methodologies. Consideration of material movement, heterogeneity degradation, logistical requirements, and financial investment all factor into which approach is most suitable for an evaluation scenario. CRC ORE in partnership with mining companies, have conducted several bulk sensor pilot trials utilising different sensor technologies employing each of the two main approaches outlined above. This paper describes the challenges faced, learnings obtained and outlines a position on how to transition bulk sensing technologies from the laboratory into the operating environment. The case studies presented cover a range of commodity types in both open pit and underground operations.

Nov 10, 2020

By C Jacobsen, N Harries

Assessing and managing instability hazards is an essential activity when working with unstable natural slopes and excavated open pit mining slopes. Slope monitoring has become the standard technique for the management of geotechnical risks associated with mine slope instability hazards. In recent decades, a proliferation of new monitoring techniques such as terrestrial radar, satellite InSAR and LIDAR have become standard operational tools, complementing conventional survey-based monitoring solutions. A reliable monitoring system should identify and record incipient anomalous slope movement. Although the most obvious purpose of a monitoring system is safety related, slope deformation and performance monitoring also enhance the understanding of slope behaviour and assists in improving system design and implementation. For a monitoring system to be considered an effective early warning tool, it needs to operate in real-time and should be linked to the mine’s emergency communication systems. Terrestrial radar systems have been developed that can provide near real-time measurements, at a high level of precision and covering broad areas in all weather conditions. This has had a positive impact on the management of geotechnical risks in operational conditions. The technology adoption of RADAR in mine monitoring has significantly progressed in the last 20 years from technology enthusiasts, to visionaries, to pragmatists to conservative users. However, the increasing adoption of RADAR cannot reduce or remove other monitoring techniques that often have important benefits; even if these technologies cannot be used as a real-time operational tool. An increasing awareness on the importance of combining data from different monitoring techniques to develop a holistic picture of all possible geotechnical hazards is a current industry trend. This is proving to be an excellent foundation for managing hazards associated with slope instability in open pit mines, and is only expected to improve with time with the adoption of new technologies based on big data and Artificial Intelligence (AI).

Nov 29, 2022

By A Horeth, E Duggan, B Versiani, A Gooch

Iron ore screening plant productivity is strongly affected by the performance of the shuttle operation, with the control system robustness and associated strategies having a direct impact on utilisation and throughput rates. A number of aspects intrinsic to the methods and technologies traditionally applied on the motion control of shuttles are often observed to decrease the efficiency of the ore distribution process across multiple screening modules, which ultimately impacts the plant’s production. Those include the number of operational scenarios that are unmanaged by conventional discrete control logics which may intermittently lead to undesired events, such as ‘high level alarms’ and ‘low level interlocks’ in the screening bins. This outcome usually demands excessive manual intervention by Control Room Operators. A Reinforcement Learning (RL) Artificial Intelligence (AI) solution was deployed to control the motion operation of the scalping and products screening shuttles in an iron ore handling plant. The RL algorithm was trained in advance to handle multiple operational scenarios and generate optimised outputs. In nominal operation, the shuttles are moved in a modulating and highly predictive fashion over the whole range of safely reachable bins. When the need occurs, the AI control agent deviates from that modulation behaviour, limiting its travel range or moving to other groups or clusters of available bins by employing ‘bin jumping’ or ‘ore break’ strategies. The RL platform capabilities include the ability to learn in real time to account for and auto-adapt to new operational patterns and process changes whilst applying improved strategies for shuttle dwelling times, target setting and speed control. The deployed Reinforcement Learning AI solution has better managed the existing challenges associated with the shuttle operation and control, and resulted in a more efficient ore delivery process, superior operations stability and increased production rates.

Nov 8, 2021

By T Soares, P Esteves, C Senna, V Souto, E Dias

Steinert provides a wide portfolio of Sensor Based Sorting (SBS) technologies, including the possibility to combine different sensor data in the development of the separation applications. This multi sensor approach provides a larger applicability and extensive flexibility for the technology. This effect is emphasized for mining applications, once every ore body presents its own features that can also comprise a large material variability. In this sense, every sorting application is customized and comprises a personalized solution. This means each project development includes a test work stage that approaches from the project discussion, test definition, up to test outcomes and processing development. In relation to very complex and large projects, a sorting pilot scale plant has become a crescent tendency. By having a pilot plant stage can represent a chance to test larger amounts of material from different mining areas, different mining projects, such as to consider different processing targets and application approaches. Based on that, a better understanding about the technology application can guide a more assertive development of large and complex ore sorting projects. The aim of this paper is to provide information about the applicability of the Steinert multi sensor technology at different pilot plants in South America. It consists in a compilation of laboratory test results, plant design and operational results. For that, a chromite, an IOCG deposit and a sulphide gold ore projects are presented. Additionally, the paper discusses the application of different sensor technologies combinations such as various processing targets, thus providing a wider understanding about sorting applications and flexibility.

Nov 10, 2020

By Paul C. Schmall

In recent years, several geotechnical methods have been successfully applied to ash pond closure. These include modified dewatering techniques with wellpoints and wells to physically drain the material, soil mixing to create a soil-concrete material for improved accessways as well as improved ground structures within ponds to act as barriers or gravity dams, and geotechnical instrumentation to serve as an early warning of the potential for liquefaction. Given the parallels between fly ash and sluiced in place mine tailings, the application of fly ash remediation method to mine tailings shows significant potential, as illustrated in this paper.

Feb 1, 2024

By B Patterson, Y Lanwin

Over the last decade the adoption of autonomous technology has proven its potential to fundamentally alter the mining industry, offering significant improvements in safety and productivity. Automation levels are now increasing exponentially across all parts of the supply chain from drilling, haulage, processing, rail and shipping to the maintenance of the above. However, the management of human error risk is also becoming increasingly complex as the disconnect between the people who operate and interact with mining equipment and those that design the autonomous systems grows in terms of skill and expertise. Furthermore, as comfort levels with automation increases amongst operators, complacency is increasing as the initial functional safety benefits have been realised. This paper introduces an innovative concept that unites two distinct fields, functional safety and behavioural economics, to address the complex issue of human error risk in autonomous mining operations. Functional safety, a well-established field in engineering involves identifying potential hazards, assessing risks and designing systems in a way that minimises the chances of accidents and limits their consequences. Meanwhile, behavioural economics takes a data centric approach to analysing the psychological aspects of human decision-making, acknowledging and seeking to understand the errors that can originate from cognitive biases and heuristics. This paper seeks to bridge these domains by emphasising that human error in autonomous mining is not solely a technical issue but is deeply influenced by human behaviour and decision-making processes. By incorporating insights from behavioural economics, we can better predict, prevent and manage human errors in the mining sector. By applying principles from both disciplines to a recent incident example we will explore how cognitive biases can impact peoples’ interactions with autonomous mining equipment. This interdisciplinary approach will not only enhance the design and implementation of functional safety measures in mining but also lead to the development of people centric solutions that consider the inherent fallibility of people. We will explore how human centred design can help bridge the gap between these two domains and apply systems thinking for a universal approach. Through an indepth case study analysis and empirical data, our research aims to provide actionable insights and practical recommendations for mining industry professionals, regulators and stakeholders involved in the safe integration of autonomous systems.

Apr 16, 2024

By Hallet R. Robbins

KOREA, the ancient " Hermit Kingdom," is a peninsula jutting out from the coast of eastern Asia. By the natives it is called " Chosen," which, translated, means " Land of the Morning Calm." It lies between the Yellow sea and the Sea of Japan. On the north it is separated from Manchuria and the Russian province of Primorsk by the Yalu and Tiumen rivers ; on the south the Korean straits interpose a rough voyage of 120 miles to the nearest point in Japan. The entire country is situated between the parallels of 34° and 42° N. latitude. The surface of the country is made up of successive ranges of unglaciated mountains, separated by narrow, fertile, and more or less densely populated, valleys. Through all the obscure centuries of its history, Korea has succeeded in maintaining a monastic seclusion, over which, from time immemorial until the late Chino-Japanese war in 1894, China exercised a shadowy sovereignty. Although Korea had been forced into slight foreign contact previously, her first foreign treaty was signed with Japan in 1876. Under the restraining guardianship of China, the Japanese treaty bore but insignificant innovations for Korea; but when, in 1883, a treaty was made with the United States, the first of the western nations, a decade after the American gunboats, under Commodore Rodgers and Lieutenant Schley, forced their way up the Salee river, shooting daylight through the ancient walls and fastnesses, Korea awoke from her sleep of 4,000 years. The Korean peninsula suddenly became the arena where rival nations' enterprises and individuals met in fiercest conflict. Out of this struggle grew two singularly successful American

Jan 7, 1908

By John P. Turner, Steven S. Dapp, Dan A. Brown

"The Goethals Bridge Replacement (GBR) spanning the Arthur Kill Waterway between Elizabeth, NJ and Staten Island, NY is supported on over 200 drilled shaft foundations ranging in diameter from 4.5 ft to 10 ft and socketed into Passaic Formation siltstone. Four drilled shafts, two on each side of the bridge (NJ and NY), were load tested using the bi-directional axial load method. Axial test results demonstrate that RQD, taken by itself, is not necessarily a reliable indicator of side or base resistance. High recovery with low RQD can be a function of horizontally bedded siltstone and shale where the individual pieces of core do not exceed four inches, but may still provide very high side and base resistance. Axial testing was followed by a lateral rapid-load test (Statnamic) on each of the same four shafts. In addition, one of the shafts was subjected to a static lateral load test to validate the rapid-load method as being representative of static loading conditions. Results of the axial load tests provide the basis of unit side and unit base resistances used in the LRFD design of the rock sockets for axial loading, while results of the static and Statnamic lateral load tests were used to calibrate p-y curve parameters used for design under lateral and moment loading. This paper describes implementation of the load testing program and its role in the design process.INTRODUCTIONDesign of drilled shaft foundations for the Goethals Bridge Replacement (GBR) required load testing in order to validate the parameters used for calculating geotechnical axial and lateral resistances. The bridge, including foundations, was designed in accordance with the AASHTO LRFD design specifications, 6th Edition (2012). The bridge owner is the Port Authority of New York and New Jersey (PANYNJ). One of the PANYNJ project requirements was stated as follows:“Perform a minimum of two (2) separate axial compression load tests (one [1] in New York and one [1] in New Jersey) for each demonstration shaft of different size and construction methodology to verify the design assumptions and construction procedures. At a minimum, one (1) demonstration shaft is required to be representative of production shafts with a diameter within one (1) foot above or below the demonstration shaft diameter.Conduct a minimum of two (2) lateral load tests (one [1] in New York and one [1] in New Jersey) for each demonstration shaft of different size and construction methodology. At a minimum, one (1) demonstration shaft is required to be representative of production shafts with a diameter within one (1) foot above or below the demonstration shaft diameter.”"

Jan 1, 2016

By Cermets

Ti(C,N)-based cermets offer good high temperature strength, perfect chemical stability, excellent wear resistance, and relativly better machinability. In the present work, the tribological behaviors of Ti(C,N)/SiC sliding pairs lubricated in water and seawater were evaluated using a ball-on-disk tribometer. The experimental results show that a relatively low friction coefficient (about 0.025) can be obtained when lubricated with artificial seawater at the sliding speed of 200 mm/s, while the date is about 0.2 in purified water. The wear surface profiles and the lubricants collected after running-in process for the high/low friction conditions were compared. In addition, the effect of salt molar concentration of the lubricant on the Ti(C,N)/SiC friction properties was investigated. It was found that the smooth and flat surface is the premise to gain the low friction. At the same time, the proper concentration of silica colloid, which is affected by the salt ions, is also an essential one. Moreover, the high sliding speed (200 mm/s) is beneficial to achieve low friction.

Jul 31, 2018

By Stevenson C. H, Lynch A. J

The reasons for choosing autogenous grinding for the new Warrego concentrator of Peko Mines N.L. are discussed and the ores to be treated in the concentrator are described. The mill was designed on the basis of pilot tests carried out at Cobar and the performance of the mill has been most satisfactory both in its metallurgical and mechanical aspects. An empirical technique has been developed to predict mill performance for change in feed rate or feed size and a mathematical model of the mill is being developed for simulation and control work. The weight and size distribution of the mill load was determined at one set of operating conditions for use in the mill model.

Jan 1, 1974

By W Valery, A Jankovic

A growing demand within the minerals industry for sustainable development and the introduction of carbon taxes have resulted in a significant focus on improving the energy efficiency of comminution circuits. However, in this drive for improved energy efficiency the role of classification has been overlooked. Inefficient classification and large recirculating loads reduce circuit capacity, result in over-grinding and higher specific energy consumption.It is well understood that classification increases mill capacity; therefore, closed ball mill-cyclone circuits have become an industry standard. However, due to limitations in cyclone classification efficiency, the optimum recirculating load is limited to about 250 per cent. A simple relationship quantifying the effect of classification efficiency and recirculating load on grinding circuit capacity is presented in this paper. The possibility of improving the capacity of ball mill circuits by improving classification efficiency is discussed, considering the current practical limitations of classification equipment. Simulation tools were used to evaluate circuits with cyclones and with high frequency screens to identify opportunities to improve energy efficiency. The investigation also identified potential benefits to flotation recovery due to a reduction in over-grinding.CITATION:Jankovic, A and Valery, W, 2012. The impact of classification on the energy efficiency of grinding circuits - The hidden opportunity, in Proceedings 11th AusIMM Mill OperatorsÆ Conference, pp 65-70 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Oct 29, 2012

By Jan Luca Grunow, Ansgar Bendiek, Klaus Böde

According to the Markowitz portfolio theory the value of a diversified portfolio is higher than the sum of the parts of a portfolio, which is an important consideration for the correct valuation. This is valid for real estate portfolios as well as for mining assets (or enterprises). This paper analyses the application of the portfolio theory to a diversified portfolio of assets in the real estate industry and draws conclusions on further research work to be done in the minerals industry. The volume of real estate transactions is increasing over recent years. As such, the nature of those transactions is constantly changing and in some cases portfolios become more heterogeneous as they are composed of different property categories, e.g. locations and types of use. This makes their economic evaluation more difficult. This paper focuses on the acquisition of a fairly heterogeneous real estate property portfolio purchased by “Commerz Real” in Germany in Q4 2019. For economic evaluation the widely used Markowitz portfolio theory (Markowitz, 1952) was applied. It was investigated whether diversification effects could achieve added value in the form of a reduction in risk compared to the sum of their individual components. As a result the findings of this research could be applied to other heterogeneous real estate transactions and even to mine property portfolio or PPP1 project portfolio transactions.

Jun 25, 2023