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By Y. Zhang, M. Yekich, C. Zhou, C. Jobes, J. Galanko, D. Tuchman, J. Srednicki, J. Carr

The continuous personal dust monitor (CPDM) is an essential instrument for working in hazardous environments, is used to monitor real-time coal dust exposure, and is mandated by the Mine Safety and Health Administration (MSHA) for underground coal mines. Researchers from the National Institute for Occupational Safety and Health (NIOSH) found that it is possible for electromagnetic interference (EMI) between a CPDM and a proximity detection system (PDS) to occur. Various approaches have been taken by researchers and manufacturers to address this EMI issue. Administrative controls were recommended to keep the CPDM six inches away from the wearable PDS device. Shielding pouches were made to contain the electromagnetic (EM) emission from the CPDM. Metal shielding was added to major EM emitting components. EMI filtering with large capacitors was introduced to mitigate EMI. Most recently, a novel magnetic-field-cancellation-based approach was developed and achieved remarkable results. In this paper, we provide a comparison between these approaches. The pros and cons of each approach are presented and discussed, so that mining device manufacturers and operators can best evaluate the technology and controls that improve the health and safety of mine workers.

Feb 1, 2023

Despite the media's use of the mining industry as a whipping boy over its perceived attitude towards the environment, the facts remain that the only legislated requirement in the SA Statute Books for any form of environmental impact-assessment prior to development is to be found in the Minerals Act in the form of an EMPR. Not only is our industry complying with this requirement, but moves are afoot to set up environmental management systems for existing operations in preparation for seeking accreditation under ISO 14001 when published towards the end of this year. On how broad a front are we advancing? ? Is the industry equipped to handle these challenges? ? Does it have the determination to overcome its problems? ? Do we realise that failure may mean the loss of markets overseas to competitors who can meet the international standards? ? Where are the shortcomings and when must our efforts be focussed?

Jan 1, 1996

By M. Guney, A. R. Bell

In Mindola mine on the Zambian Copperbelt, there is a plan to extend the current production level of 1.2- 1.5 km (3,900-4,900 ft) with five additional production levels. Research work indicated that the present total heat output of 38.6 MW will inevitably increase to 63.2 MW in 25 years. Estimated WE and DB temperatures, representing the total heat generation in stope faces and development headings during these same periods are predicted to increase to 33.8/40.2°C (93/104°F) and 35.3/42.1°C (95/108°F) respectively. It is assessed that the nominal refrigeration capacity needs to be progressively increased to 9,000 M W.

Jan 1, 1984

By Michelle Pienaar, Musa S. D. Manzi, Thabang Kgarume, Glen T. Nwaila, Raymond J. Durrheim, Abrie Oberholster, Hennie Grobler

The South African Mining, Extraction, Research, Development and Innovation (SAMERDI) strategy was launched in 2019 with the goal of modernizing the mining industry. It comprises three major research initiatives: improvement in the efficiency of extraction and health and safety in current mining operations, development of fully mechanized systems to mine narrow tabular ore bodies in hard rock, and development of extraction systems to break rock without using explosives. The crosscutting Advanced Orebody Knowledge (AOK) program seeks to develop and implement drilling and geophysical technologies that can characterize the rock mass ahead of mining and identify potentially hazardous geological features. This knowledge will be integrated with information derived from seismic monitoring. Mining methods, layouts and rock support systems will be adjusted accordingly to mitigate the risk of rockbursts. Boreholes are routinely drilled ahead of mine workings using diamond-impregnated bits. The drill core is logged to identify lithology and geological structures (especially dykes and faults that may be seismogenic), sample the ore body for grade control, and detect areas that may contain water and/or flammable gas. Methods and technology to improve the efficiency of drilling and maximize the information obtained from the drilling process, borehole core, and the borehole itself are being investigated. A range of geophysical technologies are being developed to map the rock mass from the skin of the excavation to a distance of several tens of meters. Light Detection and Ranging (LiDAR) is used to map the geometry of the excavation, including prominent joint, vein and fracture sets and the presence and performance of rock support elements and systems. Ground Penetrating Radar (GPR) is used to penetrate deeper into the rock mass and image joints, fractures bedding planes that influence the stability of the hanging and side walls. Image processing techniques known as ‘seismic attributes’ are being applied to the radargrams to improve interpretation. Electrical Resistivity Tomography (ERT) and various active and passive seismic techniques (e.g. Tunnel Seismic Profiling (TSP), ambient noise tomography) achieve even greater penetration into the rock mass. Finally, machine learning is used to improve the processing and interpretation of seismic and radar data.

Apr 26, 2022

By F. Bélanger, P. A. Fournier

"Modelling and optimization techniques used in the operation of the Detour Lake Mine leach circuit are contrasted to a 1973 review of contemporary techniques used by a major gold producer. The leach circuit at the Detour Lake Mine was modelled using a full factorial Design of Experiment of stirred tank reactor leach tests using circuit feed. Contour plots of extraction were applied in the plant to optimize addition rates of cyanide and the newly-commissioned lead nitrate system. Contour plot sections were used to understand the impact of sulphur in circuit feed at different operating dissolved oxygen concentrations. The 1973 review paper offers insight into industrially-applied modelling and optimization techniques. In particular, a mathematical model of plant data was developed using multilinear stepwise regression analysis. The model was presented using graphical representations available at the time and applied to optimize the rates of cyanide addition. Off-the-shelf software solutions of today allow mineral processors to quickly and easily visualize data, allowing them to re-allocate time and resources spent processing data to generating raw data and extracting actionable information.IntroductionModelling and optimization in mineral processing is the art of reducing reality through judicious use of assumptions to understand a process and leverage this knowledge to engineer practical solutions to metallurgical problems. Data analysis is at the core of this enterprise.While this paper showcases the modelling work done at the Detour Lake Mine (DLM), the primary objective is to pause and reflect on how far the field has progressed since the 1970’s. A snapshot of state-of-the-art gold cyanidation modelling at that time is a review paper of the Anglo American Group’s capabilities (Brittan & van Vuuren, 1973). The objective of this paper is not a play-by-play of the evolution of modelling and optimization since that time. Rather, it is a comparison of the field at two points in time.In 2016, DLM undertook an extensive bench-scale leach circuit modelling program to better understand the impact of cyanide, dissolved oxygen, lead nitrate, grind size, density, and pH on gold cyanidation (Fournier, 2016). Two major capital expenditure projects were anticipated for 2017: improvements to oxygen control and a lead nitrate distribution system. While the lead nitrate system was planned for construction, the design parameters had not yet been selected. Following the development of the model, plant trials were executed to validate aspects of the model and the methodology was expanded to address other plant issues, in particular the effect of talc chlorite and pyrrhotite in leach feed.The variables of the bench-scale study are summarized in Table 1. Dependent variables were varied using a full factorial design of experiment with two repetitions for each test condition, yielding a total of 300 tests. Test order was randomized to eliminate bias from independent variables."

Jan 1, 2018

By Z. S. Abisheva

Rare and rare earth metals use quite often is an indicator of national economy development. The world structure of the rare-earth metals manufacturing countries in 2015 was presented as follows: China – 94.2%, India – 2.0%, Russia – 1.8%, the USA – 1.2%, Brazil – 0.5%, Malaysia – 0.3%. In Russia, large reserves of rare-earth metals, which reach nearly 28 million tons, are revealed. Kazakhstan, possessing a raw materials source of rare-earth metals, has all prerequisites for development of branch. Rare metals are manufactured in Kazakhstan incidentally by non-ferrous metals production. The production of indium, thallium, cadmium, selenium, tellurium, bismuth is made at the Ust-Kamenogorsk lead plant; tantalum, beryllium, niobium and molybdenum – at the enterprises of “National Atomic Company Kazatomprom” JSC. Production of a titanium, magnesium and vanadium is adjusted on “Ust-Kamenogorsk Titanium-magnesium Plant” JSC. Capacities for beryllic production yield are available on “Ulba Metallurgical Plant” JSC. The main producer of perrhenic production and osmium-187 is "Zhezkazganredmet" RSE. The single producer of gallium in Kazakhstan is “Aluminium of Kazakhstan” JSC; the capacity of enterprise is 25 t a year. In Kazakhstan innovative technologies for rare and rare earths mineral raw materials processing are created. The technology has been developed and a vacuum distillation apparatus has been created to purify crude selenium, which makes it possible to obtain a metal with a main component content of 99.9-99.99%. Technologies for processing of technogenic wastes and byproducts of the copper industry are developed. Implementation of technologies allow to obtain ammonium perrhenate, perrhenic acid, osmium isotope -187, tribasic lead sulphate, silver-concentrate. The technology of complex processing of black shales of Balasauskandyk deposit with the production of gold, vanadium, rare earth elements, uranium and ferrosilicon has been proposed. The processing was carried out using methods of autoclave leaching, sorption, extraction, precipitation. A highly profitable sorption technology for recovery of rhenium from solutions of underground leaching of uranium ores containing 0.2-0.4 mg/L of Re has been created. The organization of ammonium perrhenate production from solutions of uranium ore will significantly increase the volume of its production in Kazakhstan.

Jan 1, 2018

By A. Tobey Yu, W. Joseph Schlitt, Alfred Weiss, Frederic L. Kadey, Louis Kuchinic

Introduction The February and April 1984 issues of MINING ENGINEERING have already provided introduction to the long-range planning efforts of the Society of Mining Engineers (SME). These efforts are intended to provide the basis for effectively maintaining and improving the Society in the face of the changes that are besetting the mineral industry. This requires that SME recognize what changes are occurring and determine how these will impact the membership. Then a plan must be developed and implemented so that the Society successfully meets the challenges of the next decade. The Board of Directors has charged the Long Range Planning Commission with the responsibility for meeting these goals. This article provides a summary of the work done by the Management and Organization Committee of the Long-Range Planning Commission. This committee's task was to analyze the Society's current organizational structure and management process. Then a set of recommended improvements was to be developed. In doing this, the Committee has been careful to operate under that popular axiom, "If it ain't broke, don't fix it." Thus, changes were not proposed simply for the sake of change, but only where the present system appeared to be less effective than desired. Bases For Action The Committee began by establishing a set of premises about SME and its membership. These premises provided the bases for subsequent actions and recommendations by the Committee. Highlights from the premises included: • The Society should be run on a business-like basis. However, its "business" is that of a not-for-profit scientific, technical, and educational public institution. SME enables professionals involved in or associated with the mineral industry to serve the public purpose of benefitting mankind. • The Society operates as a national (US) organization with transnational (worldwide) interests. It recognizes its obligation to make its goods and services available to minerals professionals throughout the world. In addition, the Society recognizes its obligation to translate technology for the "lay" public, who then also become users of its goods and services. • The Society's Board of Directors is the policy-making body of SME and has final approval of all programs. These responsibilities will become greater when the Society becomes a separate corporation. • At present, the Society provides the following goods and services: publications, meetings/programming/short courses, academic education support, information dissemination - internal and external, and individual member services. • Planning is an ongoing process. It is best performed on a decentralized basis. That is, each major service category should have a responsible group authorized to conduct planning for that category, subject to the Society's master plan and the Board's approval. • The Society is privileged to have highly qualified and motivated members who volunteer their time and efforts on behalf of the Society. The best of these volunteers should rise to the highest positions of leadership - the Presidency of the Society and Institute (AIME). • The Sooiety is strongly committed to the protection and promotion of the history, traditions, and identity of AIME and the use of AIME as the unifying forum for the Constituent Societies. Identification of Potential Problems Once the premises about the Society and its membership were well in hand, the committee began examining the many facets of SME's organizational structure and management process. This was done in order to identify problems or potential problems in these areas. After considerable review and discussion, 10 areas of potential concern were called out for more detailed study and possible recommendations for improvement. These 10 areas include: • A lack of continuity at the Board level and among officers due to the established turnover policy. • A series of subboards that serve, by practice, to diffuse management authority and accountability, rather than enhance it. • A question as to whether the dissemination of information has been adequately planned, organized, and staffed. • An apparent illogical divisional organization. Two divisions are discipline oriented and two are commodity oriented. • A regional organization that does not adequately fulfill its purposes. • Uncertainties about the per-

Jan 6, 1984

By W Ludlow, C Harrington

This paper presents an overview of the design and construction challenges to implement capping systems on Tailings Storage Facility’s (TSF) based on recent projects in Australia. Key aspects discussed include the cover design and barrier system to encapsulate the tailings, designing for a service life of 1,000 years, water management considerations. construction on tailings, vegetation selection and agronomy of the available capping soils plus the Health, Safety and Enivornmental challenges faced in working on tailings. Lessons learned from experience in capping TSFs are also presented. CITATION:Ludlow, W and Harrington, C, 2018. Experience with Capping of Tailings Storage Facilities for Decommissioning Projects in Australia, in Proceedings Mine Waste and Tailings Stewardship Conference 2018, pp 157–165 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Jul 23, 2018

By Mohan K. Wali

This report, the first in a series of 13 reports, provides a summary of 11 major topics on which individual reports have been prepared. These major topics are: (a) Nature of coal mine spoils, topsoils, and unmined soils; (b) influence of macro- and microclimate on (c) plant production on spoils and topsoils; (d) prediction of aboveground biomass from plant cover; (c) mineral composition of plants; (f) controlled environment studies on plant growth response; (g) microbial communities (h) water chemistry and organism diversity of catchbasins; (i) vegetation and soil development on abandoned, and (j) topsoiled sites; and (k) viability and diversity of seed bank. Based on these investigations, general conclusions and some recommendations are presented.

Jan 1, 1982

By Roland Arnold, Richard Gradnik, Martin Zeindl

This paper presents the details of the Kramer tunnel project in the Federal State of Bavaria, Germany. This road tunnel, which has been under construction since December 2019, is the key component of the western bypass of the town of GarmischPartenkirchen. Once completed, it will relieve the town’s central district from enormous volumes of traffic. The contractor is the joint venture named ARGE Kramertunnel consisting of BeMo Tunnelling and Subterra. The whole project will be completed and handed over to the project owner, Staatliches Bauamt Weilheim, in 2023. The opening of the entire bypass section including the tunnel to traffic is planned for 2024. The tunnel, with a total length of 3,609 m (2.24 miles) and an estimated cost of EUR 178 million (incl. VAT), is designed as a single-tube, double-lane structure with one traffic lane for each direction of travel. The safety issue that exists for single-tube tunnels is solved by a parallel escape tunnel passable for vehicles. All tunnels and ducts are excavated according to the principles of the New Austrian Tunnelling Method (NATM). In order to reduce the geological risk for the owner, the escape tunnel was supposed to be completed before the design process for the main tunnel ever began. The exploratory tunnel was awarded to a competitor with an separate contract.

Jun 13, 2021

By H Rose, T J. Sheer, M Dumka

Whenever rock is tipped from above, severe eruptions of airborne dust occur into the airways connected to tipping stations of rock passes (ore and waste) on the lower levels of a gold mine in the North West Province of South Africa. An investigation was undertaken to understand the nature of the physical phenomenon, in order to propose possible solutions. Accordingly, measurements were taken underground, involving the simultaneous logging at two levels of the transient pressures produced in the orepass by tipping from various levels. Two portable data loggers with associated transducers were custom-built for this purpose. Measurements were taken during a tipping program in which rock quantities and levels were controlled. Pressure pulses that are generated by the falling rock drive the airborne-dust eruptions. When tipping from a specified level, recorded pressure pulse waveforms were found to be repeatable on any given level, irrespective of the amount of rock falling, but measurements were conspicuously different on different levels. It was recognised that a pressure pulse is generated as the falling rock passes through the constricted region û a relatively narrow neck û at each tipping station. In passing through the constricted areas the mass of falling rock acts as a æleaky piston in a cylinderÆ and compresses the length of the air column in the orepass below that level. Once the rock has passed through the constriction, the pressure is released and this behaviour causes a regular train of pressure pulses that are separated by the time taken for the rock to move from one level to the next. Based on this physical understanding of the dust eruptions, a computational model has been developed that can reproduce all the main features of the measured phenomena. The model has been verified adequately against the measurements and can now form the basis for simulating a range of possible engineering solutions.

Jan 1, 2005

By V. Koump, T. F. Perzak, R. G. Olsson

Jan 1, 1965

By C. J. Bise, P. Bucks

Central Appalachian coal reserves are a valuable natural resource in high demand, both domestically and internationally, justifying efforts to increase percentage recovery through pillaring. Unfortunately, the challenge associated with pillar extraction introduces additional safety risks during the activity. Although pillaring developed prior to mechanized mining, current technology and mining practices have made this form of mining highly modernized. However, current fatality trends suggest that work still needs to be done to control the residual risk that is not controlled by modern practices, such as those having a personnel-performance-based component. This paper investigates the application of modern coal pillaring techniques and will present a risk-management-based strategy that targets personnel-performance-based risk, in order to improve the ability of safety engineers, managers and trainers to provide training programs addressing the needs of pillaring sections.

Jan 1, 2012

By R. D. Begley, A. W. Khair

Introduction The technique being investigated here uses a physical mine model which consists of a plexiglass room-and-pillar model 11.4 x 11.4 cm (4.5 x 4.5 in.). It is placed at the bottom of a larger plexiglass box 25.4 x 30.5cm (10 x 12 in.). The box is then filled with a model material representing geologic overburden. Sand has been selected because of its deformability under gravitational forces. The mine model is capable of creating a cavity and induces movement on the surface of the model material. This surface disturbance can be measured using a photographic technique called holographic interferometry. This paper discusses results of an investigation of the possibility of generating subsidence criteria using physical mine models and laser holographic interferometry. Problem Statement Subsidence appears to be widespread in two states - Pennsylvania and Illinois - although serious subsidence is found in localized areas of numerous other states (HRB Singer Inc., 1977). The US Bureau of Mines estimates that more than 1618 km2 (400,000 acres) of urban areas are threatened by subsidence. Pennsylvania and West Virginia contain 57% of these threatened areas, with the remainder being spread out over 16 states (Johnson and Miller, 1979). Events of subsidence have been reported in urban areas, including Pennsylvania (Gray et al., 1977) and Illinois (Mahar and Marino, 1981). One location has observed three episodes of subsidence beginning in 1950 (Bruhn et al., 1981). These subsidence events all occurred over abandoned room-and-pillar mines. Some mines have been abandoned more than 50 years (Bauer and Hunt,1981) . Available research does not offer much on the problem related to time dependent subsidence, especially those associated with the failure of remnant coal pillars. The physical modeling technique developed at West Virginia University is capable of measuring both instantaneous and time delayed subsidence. Laser Holographic Interferometry Laser holographic interferometry, or holometry, uses the interference properties of laser light to measure small movements of objects. The object requires only optical access and no surface instrumentation. This technique is closely related to photoelasticity. Both techniques rely on the uniqueness of the light reflected off or through an object in any given state of stress. The entire measurement process is done remotely without any surface instrumentation and without using a camera. The interferogram is constructed and visual observation will yield fringes on all areas that yielded or moved. The displacement represented by one fringe was determined by Wilson et al. (1977) and is given by the relationship: [d ='1(1) 2 cos 8 where d = displacement of one fringe 6 = incident angle of laser light A = wavelength of light (632.8 x 10-9 meters for Helium-Neon lasers)] In summary, holometry is capable of detecting very small movements of objects under study. It is a very sensitive process that requires laser light and vibration free experiments. Experimental Program Lab Facilities The primary components of the facilities were the laser and the optical table. The light source was 50 milli-watt, Helium-Neon laser. The optical table was a granite slab weighing nearly one ton. All experiments were performed on the optical table. It consists of a large table sitting on air cells similar to car innertubes. Six air cells were placed on top of two layers of wood and Styrofoam. Figure 1 is a schematic diagram of the vibration free table. Even with these precautions, the experiments still had to be performed at night to reduce potential traffic related vibrations. Room-and-pillar mine models consisting of three different pillar sizes were constructed out of plexiglass. The models were designed to represent three different extraction ratios. Figure 2 shows the models. The extraction ratios were determined by the tributary loading concept (Peng, 1978). These models were the primary component of a seam extraction simulator. A schematic of this simulation device is shown in Fig. 3.

Jan 1, 1986

By R. L. Kidd, T. H. Miller

"INTRODUCTION This paper is the seventh of a series of yearly reviews started in 1921 and pre¬sents information gathered in a cooperative investigation undertaken by the United States Bureau of Mines and the University of Utah. It is the purpose of this report to make available flotation—reagent consumption data and other milling information in such a manner as to be of value to the milling industry and to the manufacturer of flotation reagents.These data have been compiled from a survey of about 300 concentration plants in the United States. Much additional information has been obtained from the various offices of the United States Bureau of Mines. Many of the plants covered in the survey made complete reports of their operations, but others were apparently unable to supply this information in sufficient detail to meet the requirements of this report. As a result, some sections of the report are more complete than others. In general, however, the mill reports were much more complete than in previous years, and for the first time it has been possible to calculate average mill recoveries in the treatment of certain classes of ores. As in the past, every effort has been made to conceal individual plant operations.ACKNOWLEDGMENTSIt is realized that the publication of this information is possible only through the assistance of the mill operators, and the authors wish to express their appreciation of this cooperation. Thanks are also due the various field offices of the United States Bureau of Mines, division of mineral statistics, for assistance in collecting this information."

Aug 1, 1931

By R. H. Coats

MINING occupies a position of less importance than manufacturing or agriculture in Canada, but its relative contribution has increased greatly during the post- war period. Mineral production was only 5.14 per cent of the net value I of production of all kinds of commodities in 1919, but by 1936 the pro- portion had risen steadily to 12.76 per cent. Mining felt the depression, hut unlike agriculture, which is still ' sorely stricken, it has passed from early convalescence to complete recovery. For each of the last two years new high records were established for the industry as a whole and for the quantity of most metals produced. Mining has had a notable effect on - the growth of the power industry in Canada. Water power has been developed in the same or adjacent areas wherever mining camps have been 1 established, with few exceptions. Consumption of electrical energy by the mining industry gained 72 per cent within a decade, rising from 1604 million kw.-hr. in 1926 to 2754 in 1935. In. 1935 alone the mining industry purchased electric power

Jan 1, 1937

By O. C. Blade

Total sales of diesel fuel in the United States continue to Increase. This growth is due primarily to two causes: More conversion to diesel units by the rail-roads In recent years, and the greater use of diesel engines in trucks, busses, and tractors. Following are some figures on the distribution of the fuel computed from data issued by the Bureau of Mines.2/ [ ] Deliveries of diesel type fuel from refineries totaled 91,522,000 barrels during the first six months of 1955,3/ corresponding figure for 1954 was 91,170,000 barrels. Information on the properties of this engine fuel is very important to the petroleum industry, engine manufacturers, and consumers. To supply such information the American Petroleum Institute and the Bureau of Mines, United States Department of the Interior, under cooperative agreement, are conducting annual surveys of diesel fuel oil produced in refineries in this country.

Jan 1, 1955

By Jacob L. Brinkman, Catherine E. Johnson

Unmanned aerial vehicles (UAVs) are being explored by researchers to measure concentrations of gas emissions in situations where such measurements are otherwise extremely difficult to obtain, such as NO and NO2 (NOx) emissions from surface mine blasting. Recently, countries have imposed or are planning to impose surface blasting gas pollution regulations, which creates a need for an improved understanding of UAV-based gas measuring systems. The experiments detailed in this paper were performed to determine if airflow generated by the rotors, also known as downwash, unnaturally alters concentration measurements. Downwash turbulence could create locations of varying pressure, which could affect concentration. A UAV fitted with gas sensors was attached to a stand in a controlled environment containing a mixture of NOx. The gas sensor measuring points were placed at various distances on and from the UAV body to evaluate downwash effects on gas concentration. Results show that the presence of downwash turbulence causes no statistically significant changes to concentration measurements at any distance or direction from the UAV. Based on these results, it is possible to use a UAV-mounted gas monitor to measure concentrations without concern for downwash interference, provided the UAV and measuring point are entirely contained within the gas cloud.

May 20, 2021

By Dan Nilsson

INTRODUCTION A company must have an objective, and that usually is to earn money. In some countries an objective can also be to reduce unemployment in an area or to develop nonindustrialized areas. Government-owned companies can also have as an objective that of serving the com¬munity. This discussion is limited to the consideration of normal companies wanting to earn money. Such an objective, however, has to be defined in more detail. It is not satisfactory only to maximize the total annual profit from, for example, a mining project. In comparison with most other branches, the mining in¬dustry is very capital intensive. When starting a new project, the mining company must invest a lot of money in mines, ore treatment plants, etc. It is normally many years before any income is received from the ore. Fig. 14 illustrates the payments for a new mining proj¬ect with an expected lifetime of 10 years. Whether this project is a profitable one depends on a lot of things. If the company has a shortage of money, it can be impossible to finance the project. Even if the company has enough money, the management may think that perhaps the project may not return the money fast enough. Such limitations will not be discussed here. Suppose that the company has internal funds from its own operation or can borrow them. Since the mining company must invest the money in advance, it is not satisfactory only to add all of the costs during the mine's lifetime and compare them with the total income during the lifetime. The company must include the time value of the capital. In this appendix, the basic investment theory neces¬sary to judge the profitability and costs of mining proj¬ects will be discussed. INVESTMENT THEORY Time Value of Money If a private person has a dollar and puts it into a bank, he or she will receive interest. If the interest rate is r%, the value after one year will be $(1 + r), after 2 years $(I + r)2 , etc. The interest rate represents the time value of money. If the same person wants to have $1 in the bank af¬ter one year, he or she has to put $(1 + r)-1 in the bank today. If the person wants $1 after 2 years, it is neces¬sary to put $(1 + r)-2 into the bank today, etc. So one dollar today is worth more than one dollar tomorrow. It is, of course, not correct to compare money at differ¬ent times since each dollar has a different value. It is necessary to transform all payments to the same point in time. That is called the calculation of the capital value of a cash flow, and to do this an interest rate is used. In the same way, the cash flow from a project like that shown in Fig. 14 can be translated to any other point in time. Most common is to translate all payments to the beginning of the mining period. That capital value is often called the present capital value. Interest Rate What interest rate will the company use? A com¬pany, just like an individual, has the basic alternatives of keeping its money in the bank and receiving interest, or borrowing money from a bank and paying an interest rate. The interest rate represents the time value of money for the company. If the company has a shortage of money, or many good potential investment projects, it has to use a higher interest rate than if it has a lot of money available. Most companies also increase their interest rate as a hedge against the risk involved by using money for uncertain investments, because of taxes, etc. Capital Value When the interest rate has been decided, it is possi¬ble to estimate the capital value of a project. Here the discussion will be limited to the estimation of present capital values. Suppose that one wants to know the present capital value of $1 (Fig. 15), which will be received after n years. To transform it n years back in time, one must multiply it by the factor (1 + r)-, where r is the inter¬est rate the company uses. Table 1 gives these factors for different years and interest rates. Example: At the end of year 5 a mining company has to invest $50 million in a new mine. What is the present capital value at the end of year 0? The company uses an interest rate of 15%a.

Jan 1, 1982

By H Bruyn, K Ehrig, V Liebezeit, A Robertson, M Smith, D Grant

"The Olympic Dam geometallurgy program has generated a large quantity of data that has been used to create a geometallurgically enabled block model. An ongoing challenge is to convert data into usable information and embed geometallurgical practices into resource model development and mine planning to assist with the identification of opportunities to maximise value.This paper will discuss the methods used to disseminate geometallurgical information throughout the planning life cycle including data extraction methods from the geometallurgy acQuire database, and the inclusion of a geometallurgy module in the Olympic Dam Stope Reserves database. The use of geometallurgical information in short-, medium- and long-term mine design and scheduling, including its use in grade descriptor development and stope value assessment tools will also be presented. The detail of development of specific geometallurgical models is outside the scope of this paper.At Olympic Dam, the incorporation of geometallurgical capability within the long-term planning team, traditionally the domain of mining engineers, has proved essential in broadening the base of geometallurgical knowledge as well as focusing geometallurgy resources on value-adding areas while providing a holistic risk based long-term plan.CITATION:Liebezeit, V, Ehrig, K, Robertson, A, Grant, D, Smith, M and Bruyn, H, 2016. Embedding Geometallurgy into Mine Planning Practices – Practical Examples at Olympic Dam, in Proceedings The Third AusIMM International Geometallurgy Conference (GeoMet) 2016, pp 135–144 (The Australasian Institute of Mining and Metallurgy: Melbourne)."

Jun 15, 2016