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By K. Eklund, T. Ahokainen

The Flash Smelting process is the most used production method for primary copper in the world. The basic idea of the Flash Smelting is to utilize the thermal value of sulfidic concentrates and melt the reaction product, in controlled conditions, without a need for external energy. This basic principle is utilized both in matte smelting and in Direct-to-Blister Flash Smelting Processes. In this paper, the behavior of normal (CuFeS2) concentrate of FSF-process is compared to the behavior of high grade feed material produced by Outokumpu Concentrate Upgrade Process with the aid of computational fluid dynamics (CPD) simulation using add-in subroutines developed by Outokumpu Technology. Results consist of the information concerning the behavior of the suspension, reaction efficiency and other parameters concerning the reactions of the feed material. It will be shown that, using the Upgrade Process, the throughput of copper from the Flash Furnace can be almost tripled.

Jan 1, 2007

By Laxman M. Amaratunga

Laboratocy flarmnability tests were perfonned on dust samples from Fraser Mine in a 1.2 L Lindenburg horizontal tube furnace to detennine the percentage of sulphur oxidized during ignition. The explosion pot ential of sulphide dusts depends on their degree of spontaneous oxidat ion, which was measured by the quantitative analysis of so2 gas released during ignition. Test results indicated that dusts with low sulphur content could exhibit a higher degree of oxidation than a sample with high sulphur content. txlst characterisation using image analysis techniques suggests that the structure and the texture of dust are important factors influencing the explosibility of sulphide dust at ignition temperatures. Therefore for safe mine operations% sulphur content cannot be considered as a reliable single index that could be used to predict the potential of a sulphide dust explosion. Physical, chemical and mineralogical characterisation of dust plays an important role in the detennination of suitable indices for the prediction and prevention of sulphide ore dust explosions.

May 11, 1988

By Waddell S

A new procedure has been developed for the direct determination of metals loaded on activated carbon. It involves preparation of a suspension of the powdered carbon in water, followed by direct sampling of the suspension with a micropipette,and analyses by atomic absorption spectroscopy using carbon rod atomization. Advantages of the method include the simplicity of sample preparation and the ability to provide a complete metal analysis in 1 - 2 hours. This enables carbon-in-pulp operators to respond quickly to changes in plant efficiency arising from carbon fouling. The successful application of the method has been demonstrated for gold, copper, nickel and iron. Other elements to be surveyed include calcium, magnesium and silicon.

Jan 1, 1984

Copper and gangue mineralogy constitute the most critical parameters for the hydrometallurgical processing and cost-efficient extraction of copper. Minor changes in copper-, rock-, or alteration mineralogy can severely impact the comminution efficiency, curing, agglomeration, acid consumption, copper extraction and PLS impurity loading. Further, copper leach operations, particularly in the southwestern United States, are increasingly challenged by a combination of low grades and semi-refractory copper. This paper discusses the metallurgical and economical benefits of continuous mineralogical analyses in order to establish and operate a mineralogical data base in copper leach operations. Troubleshooting for copper extraction, integration of process mineralogy into production forecasting, and process optimization will be illustrated with operational experiences from Chile and the United States.

Jan 1, 1999

By Natsumi Kamiya

The Metal Mining Agency of Japan (MMAJ) has started the project in the fiscal year of 1989 under the administration of the Ministry of International Trade and Industry '(MITI). The purpose of this study is to assess the impact on the ocean environment caused by manganese nodules mining. Summary of research and survey of MMAJ is as follows: 1. Evaluation of environment impact The aim of this study is to assess impact for ocean environment by manganese nodules mining. It is studied by using three-dimensional hydrodynamic prediction model and by carrying out cultural experiment of surface fauna with adding deepsea water and sediment. Development of hydrodynamic prediction model for discharged water at ocean surface has started in 1989. On board cultural experiment was carried out in the Japanese application area in the eastern Pacific in May 1991 and in May 1992.

Jan 1, 1993

By T A. J Hopper, B J. Birt, K K. Trofimczyk

Nuclear magnetic resonance (NMR) has been utilised in the oil and gas industry for over 60 years. The technology was recently identified as having potential value in iron ore, where latent bound moisture may affect ore handling even after dewatering and extraction. The first step in introducing this technology to iron ore involved laboratory tests on drill core samples. These results established the parameters for a downhole borehole magnetic resonance (BMR) tool for iron-rich environments, which was subsequently developed. A major challenge involved shrinking what is a very large tool in the oil industry to a slimhole, lightweight, 1-man deployable mining tool.Of primary concern was the ability to measure the very fast transverse relaxation times (T2s) seen in the lab results on iron ore samples. Iron creates local field gradients that significantly decrease the T2 times. As a result, the BMR tool had to be able to measure T2s in the range of hundreds of microseconds, a level not required in clastic sedimentary formations. The choice of T2 cut-offs in iron ore is critical to successfully separating the free and bound fluids. The industry has typically focused on T2 cut-offs in clastics and carbonates, but not in systems with high iron content. Using core analysis results (poro-perm and NMR) we were able to verify the BMR response. The T2 cut-offs were determined from NMR core analysis and then applied to the logs so as to provide a continuous, calibrated permeability log.Field results that highlight the challenge involved in logging in iron-rich environments are presented, as well as some minimum requirements for a successful BMR log. Examples from boreholes in an active iron ore mine in the Pilbara iron ore province in Western Australia are presented, as well as explanations for how NMR data can be combined with bulk density logs to provide a continuous dry weight density log based on the original density-porosity equation from Alger et al (1963).CITATION:Hopper, T A J, Trofimczyk, K K and Birt, B J, 2017. Development of a slimhole downhole nuclear magnetic resonance tool for iron ore – some applications and limitations, in Proceedings Iron Ore 2017, pp 473–480 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Jul 24, 2017

By Longworth C. R

Competing requirements for land usage sometimes make the correct all- ocation difficult. The decision can be complicated by many factors such as local resident pressure, previous government decisions, economic pres- sures and the duration or permanency of the competing land usages. This problem often confronts the extractive industries with consequent delays in granting leases and some- times considerable local dissension. A proposal to extend the high grade silica sand quarry of the Wamberal Sand Company Pty. Limited is a microcosm of these competing requirements. The sand quarry is located on the New South Wales central coast. It is an open pit operation on a near beach deposit of silica sand suitable for flint glass manufacture.

Jan 1, 1976

By K. Bruce Hodgins

The North American mining industry faces challenging emissions regulations in coming years with the introduction of new standards for off-road diesel engines. In order to remain competitive, industry stakeholders must invest in new technologies that are economically and environmentally sustainable. Westport Innovations Inc., of Vancouver B.C. has developed high pressure direct injection (HPDI) technology that allows diesel engines to run primarily on natural gas with no intrusive engine modifications, reduced emissions of NOx, PM, and CO2, with no loss in performance. This is accomplished through late-cycle high-pressure injection of natural gas directly into a diesel engine combustion chamber. The natural gas is injected at the end of the compression stroke. A small amount of diesel fuel is injected first to initiate combustion, followed by the main natural gas fuel injection. The diesel cycle and its operating characteristics are fully retained including high combustion efficiency, low speed torque, high-power output, no engine knock and fast response to load changes. Natural gas has not been an attractive fuel alternative in mining operations due to reduced performance associated with spark ignition engines and the added weight and space required for compressed natural gas tanks. However, liquefied natural gas (LNG) can be stored in a similar manner and volume to diesel fuel by virtue of its increased energy density over compressed natural gas. Cummins, Inc. of Columbus, Indiana and Westport have formed a joint venture, Cummins Westport Inc. (CWI), under which agreement the HPDI technology is being applied to a Cummins QSK engine series for high horsepower applications such as mine haul trucking. CWI, along with Komatsu Mining Systems, ENRG Fuels, Placer Dome, and Cortez Joint Venture are performing a feasibility study for the development and demonstration of an LNGfueled HPDI QSK engine in a large mine haul truck. The goal would be to demonstrate low emissions consistent with EPA ?Blue Sky? standards, high efficiency based on HPDI technology and good economics resulting from the high fuel consumption of 2,000+ hp trucks.

May 1, 2002

By F. Lanaro, K. Röshoff, R. Christiansson, L. Jing

This paper presents the results of a project for developing a methodology for empirically determining some of the mechanical properties of the rock mass at the Äspö Hard Rock Laboratory, Southern Sweden. Using the equations available in the literature, the deformation modulus, friction angle, cohesion and unconfined compressive strength of the rock mass were estimated. A comparison of the results using different classification methods (Q, RMR, GSI, RMi, Ramamurthy’s) was made to estimate the range of variations in the mechanical properties with the considerations of: i) the quality/quantity of the geological data; ii) the technique for partitioning of the rock mass into homogeneous domains; iii) the sensitivity and subjectivity of the empirical methods; and iv) the need for validating the empirical methods against a test case. Cet article présente les résultats d’un projet visant à établir une méthodologie, pour déterminer, de façon empirique, les propriétés mécaniques de la masse rocheuse. En utilisant les corrélations disponibles dans la littérature, quelques-unes des propriétés de la masse rocheuse ont pu être déterminées (module de déformation, angle de friction, cohésion, force de compression illimitée). Une comparaison des résultats obtenus par différentes méthodes (Q, RMR, GSI, RMi, de Ramamurthy) a permis d’établir une échelle de variations des propriétés mécaniques et de formuler une série de recommandations concernant : i) la qualité/quantité des données géologiques ; ii) la technique de partition de la masse rocheuse dans des domaines homogènes ; iii) la sensibilité et la subjectivité des méthodes empiriques ; iv) la nécessité de valider les méthodes empiriques à l’aide de nouvelles études de cas. Dieses Paper präsentiert die Ergebnisse eines Projekts mit dem Ziel, eine Methodik für die empirische Festhellung von mechanischen Eigenschaften im Gesteinmassiv zu etablieren. Durch Verwendung der in der Literatur zugänglichen Korrelationen, wurden einige Eigenschaften des Gesteinmassivs festgestellt (Entstellungsmodul, Reibungswinkel, Kohäsion, unbeschränkte Kompressionsstärke). Ein Vergleich der Ergebnisse unterschiedlicher Methoden (Q, RMR, GSI, RMi, Ramamurthy’s) wurde durchgeführt und dies erlaubte die Feststellung der Variationsskala von den mechanischen Eigenschaften, sowie eine Reihe Empfehlungen für: i) Qualität/Quantität der geologischen Dateien; ii) die Technik für Teilung des Gesteinmassivs in homogene Domäne; iii)die Empfindlichkeit und Subjektivität der empirischen Methoden; iv) das Bedarf die empirische Methoden gegen neue Fallgeschichten zu validieren.

Jan 1, 2003

By Fred W. Gordon

Apart from the character of pig-iron to be manufactured, other than that it shall be well reduced and open-grained, the selection of the materials should be such as to produce it at the lowest cost. As a rule, the sources of fuels and limestones are not so extensively varied as those of the ores. Many Eastern furnaces are now using Lake Superior ores, and but recently a part of the supply came from foreign ports. It is, however, of the highest importance that the character of fuels and limestones, as well as ores, should be carefully considered in determining their value and making judicious selection among those available. The formulas here offered are based upon the assumption that the heat-requirements for a given mixture are measured by a constant required by the oxide of iron, added to that required for a unit of slag, multiplied by the weight of that slag per unit of iron. The heat-requirements for oxide of iron per unit of pig-iron made are assumed to be 2854 centigrade units. This is taken from the careful analysis of Sir Lowthian Bell, and, so far as the writer is able to determine, is very nearly correct. Dividing this by the quantity of heat that may be evolved and utilized within the furnace per unit of carbon, determines the quantity of carbon required per unit of pigiron ; and if to this be added the quantity of carbon absorbed by the pig-iron, the total requirements in carbon are determined, on the assumption that pure oxide of iron is reduced with pure carbon by the ordinary process of the blast-furnace. Calculating the quantity of slag that would be made from a given mixture of ores, smelted with a given impure fuel and fluxed with a given impure limestone, multiplying this weight of slag by the heat-requirements of its unit (taken at 1050 C. H. U.), and dividing the product by the heat-units evolved and utilized within the furnace per unit of carbon, will determine the quantity of carbon required per unit of pig-iron for the slag.

Jan 1, 1893

By Dennis R. Dolinar

Screen material in the form of welded wire mesh and geogrids are used in underground coal mines to prevent the fall of small pieces of rock from the roof between roof bolts. Further, if the screen is installed during the production cycle, roof fall injuries can be reduced significantly. Therefore, the National Institute for Occupational Safety and Health (NIOSH), because of the safety implications, conducted an evaluation of screen materials commonly used in U.S. coal mines to determine their support characteristics and identify the parameters that could affect their performance with respect to controlling the fall of rock from the roof surface. To evaluate the load and stiffness characteristics of the screen, a test frame was designed and installed in the Mine Roof Simulator (MRS) at the NIOSH Pittsburgh Research Laboratory (PRL). With this test set up, the screen is bolted at four corners of the frame and a center load is applied. The test set up allows for up to 20 in of screen deflection while the load and screen defection are continuously recorded. A series of tests were conducted to evaluate the effects of various parameters such as bolt tension, the type of load bearing surface and the size of bearing plates on welded screen performance. The most common screen material used in U. S. coal mines is an 8-gauge wire welded in a 4-by-4-in spacing or aperture. The peak screen load was normally limited by wire breakage. The conditions at the bearing plate influence the nature of the wire breakage. However, the screen stiffness was controlled by slippage at the bearing plates, and by weld and wire failure. The size of the bearing plate had a significant effect on the performance of the welded screen. Therefore, the design capacity of the 8-gauge screen is evaluated based on plate size. For a 6-by-6-in bearing plate the average peak load is 2,900 lb with a stiffness of 250 lb/in. For an 8-by-8-in bearing plate, the average peak load is 4,500 lb with a stiffness of 430 lb/in. These test results are based on a 4-by-4-ft bolt spacing. A geogrid mesh was also tested.

By Afrodite Ntziouni, Vassilia Kasselouri – Rigopoulou, Athanasia Kyritsi, Konstantinos N. Pistiolas, Stamatia Gavela, Konstantinos Kordatos, Lazaros Iliadis

"The present study deals with the production and characterization of rice husk ash (RHA) and its use in the synthesis of zeolite of type ZSM-5. Rice husk was combusted in various temperatures with aim to find the suitable conditions for the production of amorphous silica. The resulted amorphous silica ash was then utilized as a starting material for the synthesis of ZSM-5 zeolite using the low temperature and atmospheric pressure process. The method led successfully to the synthesis of highly siliceous zeolite of type ZSM-5. The produced material was characterized using x-ray diffraction (XRD) and scanning electron microscopy (SEM).IntroductionRice husk is a major by-product of the rice-milling industries and it is usually used as a fuel for steam generation due to its high calorific power. During its combustion, rice husk ash (RHA) is produced. Knowing that the annual rice world production is over 615 million tons (2005), thus resulting in a potential production of more than 22 million tons of RHA [1], it can be understood that the RHA disposal is a crucial issue towards the environmental protection. However, due to the high silica content, RHA can be used as an alternative cheap source of silica for many uses, including as filler in polymers [2], concrete [3] and synthesis of zeolites [4-7].The burning of rice husk in air results in the formation of RHA with content in SiO2 that varies from 87 to 97% depending on the burning conditions, the rice variety, the climate and the geographic area [8]. Some small amounts of inorganic impurities are always present in the ash along with unburned carbon. The unburned carbon can be removed from the ash by further heating treatments in high temperatures, but this usually leads to the crystallization of the amorphous silica to cristobalite and/or tridymite [9]. The crystallization of the contained silica of the ash is also occurred when the burning conditions of husk are uncontrolled [10]. This crystallization is a disadvantage towards the preparation of silicon based materials, because the silica ash is rendered inactive in its crystalline form [11]."

Jan 1, 2008

By R. T. Mishler

I wish to express my keen appreciation of the article on the above subject by Coe and C1evenger.l It has been doubly interesting to me, for the reason that the experience recorded and the principles evolved practically parallel the results of similar investigations made by myself and others at The Lucky Tiger Mine, El Tigre, Sonora, Mex. An outline of the work at El Tigre may aid in confirming the principles expressed by Coe and Clevenger. El Tigre has the unenviable distinction of possessing a slime with a much lower settling rate than any recorded in the article discussed. Under most favorable conditions the settling rate is about one-third that reported for the Liberty Bell mill, and one-tenth that reported for the Nipissing, Golden Cycle, and Presidio mills. This slow settling characteristic of Tigre ore has necessitated careful investigation of settling phenomena throughout the various evolutions of the plant. Previous Settling Investigation at Tigre During construction work at the mill, the metallurgical engineer in charge, D. L. H. Forbes, ran a series of experiments on settling. His tests proved that deep settling tanks were not ordinarily necessary. The use of tanks 2 or 3 ft. in depth was suggested.2 Later experiments demonstrated that the following principles of settling applied to Tigre pulp.3 1. In settling dilute pulp, settling rates are independent of pulp depth. 2. In settling thick pulp, settling rates are approximately proportional to pulp depth.4

Jan 1, 1918

By Andrea Koschinsky, Sophie Paul

"INTRODUCTIONOnce again deep-sea mining has been receiving a lot of attention in recent years. Industrial and political advancements also call for environmental baseline studies and analyses to aid the development of standards and monitoring protocols. As part of the EU research project “JPI Oceans: Ecological Aspects of Deep-Sea Mining”, the RV Sonne cruise SO242 to the Peru Basin revisited the DISCOL area that had been artificially disturbed in 1989. This offered the unique opportunity to study a deep-sea site 26 years after a disturbance similar to manganese nodule mining had been carried out (Figure 1). A comparison of a variety of undisturbed and disturbed sites shed light on the re-establishment of a geochemical equilibrium and a range of baseline values. This information can help to inform standard development for monitoring and mining purposes.Heavy metal data and its applicationResearch findingsDuring the cruise, disturbed and undisturbed surface sediment was sampled. The pore water analyses show that the 26 years old disturbance is not visible in the metal profiles and that the pore water reaches equilibrium through diffusive fluxes relatively quickly. The sediment, however, shows some differences between disturbed and undisturbed sites in the upper 20 cm, even after 26 years. Lower concentrations in the usually manganese-oxide rich top layer, variations and “unnatural” peaks in the manganese profiles, for example, suggest removal or mixing of the top layer (Figure 2)."

Jan 1, 2017

By Jason M. Porter, Douglas L. Porter, David L. Olson, Travis W. Koenig, Van S. Blackwood, Brajendra Mishra, Robert D. Mariani

"Traditional alloy theory models have been applied relative to the three solid phases of uranium: alpha (orthorhombic), beta (tetragonal), and mainly gamma (body centered cubic)[l]. The Darken-Gurry and Miedema models, with modifications based on concepts of Waber, Gschneidner, and Brewer have been used to predict the behavior of four types of solutes: 1) Transition associated with alloying in and containment of the uranium fuel 2) Transuranic elements in the uranium 3) Rare earth fragmentation elements (lanthanides) 4) Transition metals and other fragmentation elements. Using these solute map criteria, elemental behavior have been predicted as highly soluble, marginally soluble, or immiscible (intermetallic phase formers) and have been used to compare solute effects during uranium phase transformations. The overlapping of these solute maps are convenient first approximation tools for predicting alloy behavior.IntroductionAn investigation is in progress to determine the role of various solute elements on size and shape of the 'Y phase field range for uranium to optimize the burning and material processing of nuclear fuel is in progress. Traditional alloy theory models based on correlations to elemental electronic and crystal properties are used to predict solubility and micro structural formation. The effectiveness of this model is based on microstructure property correlations. Darken and Gurry, and Miedema models, with modifications based on concepts of Waber, Gschneidner, and Brewer, models have been used to describe solute solubility with respect to uranium based the on correlation between elemental electronic structure and uranium phases. The alpha (orthorhombic), beta (tetragonal), and gamma (body centered cubic) phases have different solubilities for specific alloy additions as a function of temperature. Using the method of Waber, ellipse diagrams classified those solutes that should have broad solubility in the allotropes of uranium[2]. The predictive diagrams are made from four different correlations:"

Jan 1, 2012

By William G. Pariseau

A design procedure for the quantitative estimation of support load requirements in underground mines is presented. The central problem in the design of mine support is one of es¬timating a maximum load that the ground will exert on the support in the coarse of mining. The distribution of stress around mine openings changes as mining progresses. At the time of support installation, the support load is essentially zero. With the passage of time and advance of the face, ground motion loads the support. The finite element method of analysis provides a simple quantitative technique for simulating the effects of mining and face advance on support load requirements. In particular, the maximum support load can be estimated by the proposed design procedure.

Jan 1, 1978

The process of resource estimation of large precious metal deposits is illustrated by reference to major deposits now being mined or developed by Placer.The estimation procedure commences with building an appropriate model of the mineralization and proceeds through steps of data validation and geostatistical studies. It is important that the geologists most familiar with a deposit be involved with all stages of the estimate, and also prepare a manual estimate used to validate the kriged resource.Resource estimates are major exercises taking many man-months of work. The most time consuming part of this is usually construction of an appropriate three dimensional geological model. The data base for the resource calculations must be complete and checked for accuracy. The most appropriate estimation method must be selected.

Jan 1, 1990

By D. Harrington

"Up to the last 10 or 15 years, responsibility for accidents in mines was generally, though not universally, placed upon the person or persons immediately involved. Present-day thought is rapidly veering toward holding the industry responsible for accidents, with ultimate payment of the bill by the consumer, if financial expenditure should be necessary. While it is undoubtedly correct in principle that responsibility for accidents in and around mines should be shouldered by the employer and while it is probable that as time passes the burden will become even more definitely than now that of the mining companies, on the other hand it is an undeniable fact that large numbers of accidents occur through acts of omission or of commission of some person, very frequently the victim of the accident being the offender.Out of about 3,000 persons killed every rear in our -mines and quarries, nearly half or approximately 1,500 of the fatalities are due to falls of overlying material or of persons, about 500 to haulage, about 350 to fires and explosions, about 125 to explosives, approximately the same number to electricity, and about 300 to various miscellaneous accidents.Generally the accidents from falls involve but one or two persons at a time, and the tendency is now as it always has been to charge the victim or possibly a coworker with the responsibility. Usually this sort of accident occurs at or near a working face (statistics indicate that about 80 per cent of fatalities from falls of roof or rib occur near the face), and as it is Generally agreed that it is the duty of the worker to keep his working place safe, the worker and especially the face worker is given the blame in case of accident."

Apr 1, 1930

By S. Jiansheng, H. Nakayama, D. Lu, A. Wang

ABSTRACT: New techniques and methods for 3D geo-mechanical model test are presented in this paper. The new model material NIOS with high density and low cost; the so-called DPSS (Discrete Principal Stress Surface) loading concept, the loading and monitoring system for the generation of the 3D initial stress field of the model test, also the special techniques and apparatuses for modelling the excavation of caverns located deep inside the model material, are developed and introduced. By adopting those new techniques, a very large 3D geo-mechanical model test with high comparability for a newly designed underground powerhouse has been successfully fulfilled. Key Words: 3D model test, underground group caverns, excavation process modeling. ZUSAMMENFASSUNG: Neue Techniken und Methoden für 3D geomechanischen Modellversuch wurden in diesem Artikel vorgestellt. Ein neues Modellmaterial mit hocher Dichte und niedrigem Preis, ein sogenanntes DPSS (Discrete principal stress surface) Ladenkonzept, ein Laden- und Überwachungssystem für die Erzeugung des 3D primären Spannungsfelds und überdies spezielle Techniken und Maschinen für das Ausbruch der tief in dem Versuchsmodell liegenden Kaverne wurden entwickelt. Bei Anwendungen dieser neuen entwickelten Techniken wurde ein sehr großer 3D Modellversuch mit großem Maßstab für ein geplantes unterirdisches Kraftwerk erfolgreich durchgeführt. Stichworte: 3D Modellversuch, unterirdischen Gruppekaverne, Ausbruchsmodellierung Résumé: le test de modèl de Nouvelles techniques et méthodes pour la géo-mécanique 3D est figuré dans ce papier. Le nouveau modèle de matériels NIOS avec la haute densité et le coût bas; la conception proposée de chargement DPSS (Discrete Principal Stress Surface), le système de chargement et de moniteur pour la génération de champs de stress initial du test de modèle, ainsi que les techniques et appareils spéciaux pour modeler les excavations de cavernes profondément localisées dans l’intérieur du matériel de modèle, sont développés et introduits. A travers l’adoptation de ces nouveaux techniques, le test de modèle de la géo-mécanique très large 3D avec la haute comparabilité pour actualiser une nouvelle étude de la centrale électrique sous-terraine a déjà accompli avec succès. Mots de clé: test de modèle 3D, groupes de cavernes sous-terraines, processus de modèle d’excavation

Jan 1, 2003

By P B. Card

"The website www.economicevaluation.com.au, which had its origins at the Project Evaluation Conference 2009, provides a free way for industry professionals to teach themselves economic evaluation. At its core is a set of fast-moving modules and three worked examples.The website recognises that economic evaluation is a discipline with a hierarchy of three levels:decision-makingevaluating the project/businesshands-on modelling.There are a set of modules for each level that describe the concepts and activities in detail. These emphasise that the most important and rewarding work is the evaluation of Level 2. The economic model created in Level 3 is merely a working tool and should not become a sophisticated ‘trophy’ in Excel that only one or two people can comfortably use.Hands-on modelling contains three sets of practices designed to make any model rigorous and intuitive so that it can be easily understood and used by others in the project team. Even if the model develops into a long, detailed and complex workbook, it should remain easy to follow and be intuitive. The website advocates freedom to devise any architecture that best suits the project under study, but promotes rigour through the following practices:four cash streams and graphsthree architectures – concept, prefeasibility and feasibilitysix principles.The modules in the Level 2 evaluation use conversational language to describe in detail the broad range of activities needed to properly understand and characterise a project/business. It stresses that net present value is nothing more than the mathematical treatment of a whole set of opinions, is not an absolute truth and is only a fraction of the evaluation process. The modules describe in detail the range of economic metrics that should be computed and the full spectrum of equally important characterisations required to make the decision in Level 3.CITATION:Card, P B, 2016. Teach yourself economic evaluation, in Proceedings Project Evaluation 2016, pp 160–171 (The Australasian Institute of Mining and Metallurgy: Melbourne)."

Mar 8, 2016