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By Jr. Watts, B. K. Cantrell, K. L. Bickel, J. F. McDonald

"A field trial was conducted at an underground gold mine to evaluate diesel fuel derived from soybean oil (soy-methyl-esters or “biodiesel”) as an alternative to commercial, low-sulphur, number 2 diesel fuel (D2). A 2.7 m3, 18-ton load-haul-dump (LHD) unit, powered by a naturally aspirated, indirect injection (pre-chamber), 100 kW diesel engine was used as the test vehicle. The LHD was equipped with a diesel oxidation catalyst. The LHD operated satisfactorily on the biodiesel fuel. Operators observed a slight decrease in power and an absence of black smoke.Diesel particulate matter (DPM) concentrations were monitored for a six-week period while the LHD was operated with either the biodiesel fuel or the D2 fuel. DPM concentrations were measured in the mining section’s clean air intake, exhaust and on the LHD. Reduction in DPM emissions was determined from the measured difference in DPM concentrations between the clean air intake and the exhaust. The biodiesel fuel reduced energyspecific DPM emissions approximately 75%, from 3.6 ± 1.8 g/kW-hr to 0.86 ± 0.27 g/kWhr. Time-weighted average DPM exposure, measured near the LHD operator, was reduced from 0.67 ± 0.13 mg/sm3 to 0.28 ± 0.12 mg/sm3, or approximately 58%, when the biodiesel fuel was used. IntroductionDiesel exhaust consists of noxious gases and diesel particulate matter (DPM). Recent attention has focussed on the potential carcinogenicity of DPM and the potential health impact on miners. The National Institute for Occupational Safety and Health (NIOSH) recommended that whole diesel exhaust be regarded as a “potential occupational carcinogen”, and that reductions in workplace exposure would reduce cancer risks (NIOSH, 1988). The International Agency for Research on Cancer (IARC) declared that “diesel engine exhaust is probably carcinogenic to humans” (IARC, 1989)."

Jan 1, 1997

By A. J. Barry

A practical method has been developed and field tested which provides an estimate of the bearing capacity of mine roof and floor. The relationship between penetration of the strata and imposed loads is determined by in situ tests. Information of this type is needed to determine the maximum allowable pressure that may be applied by self-advancing supports on roof and floor of a longwall face without causing a punching type of failure.

Jan 1, 1970

By C Lutherborrow

The Sangdong Tungsten/Molybdenum Deposit is located in the Republic of Korea and was discovered in 1916. At this time Korea was a colony of Japan. It was mined for two years after discovery closing in 1918. Full production recommenced in 1933, and from that point until 1945, it was the major source of tungsten for armour plate for the Japanese military. After World War 2 the US government ran the mine until late 1946. The mine operation then passed to Korean ownership but production ceased during the Korean War and did not recommence until late 1953. The mine ceased operation in 1992 due to low metal prices. From the late 1960s to the time of closure, Sangdong was the largest tungsten mine in the world (Kim, 2002). An understanding of changing mining methods over time has been critical in assessing the potential of redeveloping the Sangdong Deposit.

Aug 22, 2011

By J-F. Béland, N. Parson

Aluminum extrusions are widely used for automotive crash management systems due to their superior specific energy absorption capabilities, as compared to steel. The Al-Mg-Si alloy series can be readily extruded into complex multi-hollow profiles, as required in crash systems, and can be used to target a range of desired strength levels. This paper focuses on the development of an axial crush test protocol and evaluation of the crush performance of common 6XXX series alloys for a variety of tempers. The observed crush behaviour is then compared to tensile test results.

Jan 1, 2015

By John T. Galey

Production of crude oil for 1940 in southwestern Pennsylvania was off nearly 70,000 bbl., largely as a result of the great number oi abandonments, together with the lack of extension of the Washington and Green County pools. Oil wells completed numbered 51, which is 26 more than last year, but the total initial production of 259 bbl. is only 18 bbl. greater than in 1939. There was an increase of 72 over last year for a total of 209f gas wells. However, 68 7 dry holes were drilled, which is 40 more than a year ago. Thus, 328f wells were drilled during the year, and rigs are erected or drilling is progressing on 59 t more. Shallow Development Oil.—Butler County led in number of oil wells completed, with a total of 27 for an initial production of only 69 bbl. Washington County, with 12 new oil wells, one of which made 40 bbl. from the Fifth sand in S. Franklin township, has 95 bbl., while in Allegheny County 9 wells gave an initial of 86 bbl. for the highest Per well average in the area. This initial was given a considerable boost by one 35-bbl and another 2;-bbl. well in West Deer township, where the Fourth sand produced at 1840 feet. Greene County had only one oil well completed during 1940, and Washington County had 12. The subnormal totals for these counties may be explained by the higher cost of completions and the declining price of crude. The first price change in crude during the year occurred on May 22, when a 25 cut was made. A second 25 cut was made July 12, and was followed by a 156 cut on .Aug. 28. This price held until Nov. 12, when there was a restoration of 156. On Dec. 17 a second 156 increase was put into effect, bringing the price to $I.So per barrel. Gas The large increase in the number of gas wells completed may be attributed to three factors; namely, the recently discovered production possibilities of moderately deep, hitherto little tested horizons, together with increased demand and price. The latter has been made possible by a recent decision of the court, which ruled restraining the public service Commision's prohibition of a raise in the minimum monthly charge to small consumers by one of the major gas companies. A portion of the revenue derived in this manner is being passed along to the producer in the form of higher prices in the field. This higher field rate will remain in effect until a new ruling is made, when it will be reduced in proportion to the reduction of the monthly minimum charge. In an effort to extend the chambers Dam Fifth sand oil pool southwest from Amwell township, Washington County, several wells have been drilled. One of these, in Morris township, washington County, had an initial of 3.2 million cu. ft. open flow from the Big Injun sand. This indicates an entirely new productive area for the latter horizon. Allegheny County had one spectacular well in South Fayette township-—at a depth of about 2500 ft. a 4-million-CU. ft.

Jan 1, 1941

By John T. Galey

Production of crude oil for 1940 in southwestern Pennsylvania was off nearly 70,000 bbl., largely as a result of the great number oi abandonments, together with the lack of extension of the Washington and Green County pools. Oil wells completed numbered 51, which is 26 more than last year, but the total initial production of 259 bbl. is only 18 bbl. greater than in 1939. There was an increase of 72 over last year for a total of 209f gas wells. However, 68 7 dry holes were drilled, which is 40 more than a year ago. Thus, 328f wells were drilled during the year, and rigs are erected or drilling is progressing on 59 t more. Shallow Development Oil.—Butler County led in number of oil wells completed, with a total of 27 for an initial production of only 69 bbl. Washington County, with 12 new oil wells, one of which made 40 bbl. from the Fifth sand in S. Franklin township, has 95 bbl., while in Allegheny County 9 wells gave an initial of 86 bbl. for the highest Per well average in the area. This initial was given a considerable boost by one 35-bbl and another 2;-bbl. well in West Deer township, where the Fourth sand produced at 1840 feet. Greene County had only one oil well completed during 1940, and Washington County had 12. The subnormal totals for these counties may be explained by the higher cost of completions and the declining price of crude. The first price change in crude during the year occurred on May 22, when a 25 cut was made. A second 25 cut was made July 12, and was followed by a 156 cut on .Aug. 28. This price held until Nov. 12, when there was a restoration of 156. On Dec. 17 a second 156 increase was put into effect, bringing the price to $I.So per barrel. Gas The large increase in the number of gas wells completed may be attributed to three factors; namely, the recently discovered production possibilities of moderately deep, hitherto little tested horizons, together with increased demand and price. The latter has been made possible by a recent decision of the court, which ruled restraining the public service Commision's prohibition of a raise in the minimum monthly charge to small consumers by one of the major gas companies. A portion of the revenue derived in this manner is being passed along to the producer in the form of higher prices in the field. This higher field rate will remain in effect until a new ruling is made, when it will be reduced in proportion to the reduction of the monthly minimum charge. In an effort to extend the chambers Dam Fifth sand oil pool southwest from Amwell township, Washington County, several wells have been drilled. One of these, in Morris township, washington County, had an initial of 3.2 million cu. ft. open flow from the Big Injun sand. This indicates an entirely new productive area for the latter horizon. Allegheny County had one spectacular well in South Fayette township-—at a depth of about 2500 ft. a 4-million-CU. ft.

Jan 1, 1941

By Frank A. Peters

The Bayer process treating Jamaican bauxite was evaluated from an economic standpoint, using standard estimating methods and published data, to present a reference point for cost estimates for nonbauxite alumina processes. The estimated operating cost for a plant producing 1,000 tons of alumina a day is $47.96 per ton of alumina when charging $8 per ton for bauxite and $2.30 per hour for direct labor. The estimated fixed capital cost is $46 million.

Jan 1, 1966

By A. S. Kastrinos

There are many concepts of preventative maintenance. The basic objective of all maintenance organization, however, is the efficient (accomplishment and control of all) inspection, repair, overhaul, material and preventative maintenance functions necessary to maintain facilities and equipment in a condition that will meet operating requirements at a level consistent with low costs and high availability. To formulate a preventative maintenance program requires sound judgment and the ability to apply in a practical manner a system that meets Plant operation requirements, based upon organization, experience, conditions, design and historical data. A maintenance program must be divided into to categories consisting of: 1. Scheduled tasks to be accomplished at planned intervals. The objective of these tasks is to maintain reliability and prevent as much as possible abnormal failures. 2. Non-scheduled tasks that result from periodic reports and which can be scheduled to fit in conveniently with other routine work. The non-scheduled work items may include long-range preparation for lenghty shutdowns requiring Engineering and Shop services.

Jan 1, 1975

This is a sampling of the papers presented at the conference, the proceedings can be bought from the SAIMM The technique reported here involves measuring the air pressures generated within sealed boreholes located behind blasts. Results from twelve free face blasts in competent rock environments a represented. There were no instances of high pressure gas penetration, even at distances corresponding to less than one blast burden. Rapidly generated underpressures were measured in most holes, with the magnitudes of the peak pressures decreasing with distance behind the blasts. It has been proposed that the under pressures are the result of new volume created due to crack formation and overall rock mass dilation. The experimental evidence is consistent with this, including a correspondence of the onset times of the peak underpressures with the nominal firing times of the nearest blastholes. New post-blast cracks were observed when using borehole video cameras in the monitoring holes. A calculation of new volume produced within the monitoring holes is proposed as an indicator of damage. While the data exhibit considerable scatter, there is a power function dependence on scaled distance, which resembles that of typical vibration data. The data also lie within the normally quoted vibration regimes for rock damage and are consistent with measured extents of damage. It is concluded that this technique may provide an inexpensive and practical comparative measure of near-field rock damage due to blasting. It is further concluded that gas penetration is not a common phenomenon. Damage appears to be mainly attributable to the nearest blastholes and the control of charge mass in perimeter blastholes is emphasized for damage minimization.

Jan 1, 2000

By Ben C. Gerwick

Large diameter steel tubular piles installed vertically or on a slight rake, offer many advantages as the foundations of major overwater bridge in regions of high seismicity. By proper selection of diameter and wall thickness, an optimum balance between stiffness and strength can be achieved. Under strong seismic motion, the piles will deflect and bend so as to reduce the acceleration forces transmitted to the superstructure, while still limiting drift. A major advantage of this concept is that the mass of the footing block is significantly reduced from that of the conventional pier. The design of the footing block requires great care in order to transfer the high shears and moments. Where the soils consist of significant depths of sediments, the kinematic interaction of soils, piles and structures must be considered. Moments will be a maximum just under the footing block. Filling the top portion of the pile with concrete will prevent local buckling and assure ductile behavior even under overload. Typically the piles will be long, with most or all of their support furnished by friction and will require the use of very large pile hammers to achieve the required capacities. Where the piles are founded on rock or in hardpan, sockets will be drilled and filled with reinforced concrete. For these piles, high moments can occur both at the head and just below the rock surface, so the concrete infill should extend the full length. This paper describes the use of tubular piles driven through the deep silty sands of the Jamuna River, Bangladesh, and also where socketed into the near-surface rock for the mail pylon pier of the new San Francisco-Oakland East Bay Bridge in California.

Jan 1, 2013

By Andrew G. Patton

The Alimak mining method was introduced at the David Bell mine in 1998 to extract an otherwise uneconomic and inaccessible reserve. The success associated with the extraction of these reserves led to major expansion of the method. To date, results have been extremely positive in terms of grade control, reduced dilution, stope recoveries, productivities and mining costs. It is hoped that through further development of the method at David Bell mine we will continue to see positive results in these areas and be able to increase mineable reserves to include proven resources that do not currently meet the criteria of our current stoping plan.

Oct 1, 2001

By B K. Hebblewhite, F T. Suorineni, J D. Tibbett

Block caving is an underground mining method that can provide high production capacities at low operating costs. This enables the profitable extraction of massive, low-grade orebodies and attracts industry towards the method. Block caving operations require significant initial capital investment and predictable cave propagation is crucial to safety and economic success. Lack of access to observe the caving process hinders our ability to learn how the rock mass and geological structures are reacting to mining. Virtual reality scientific visualisation (VRSV) enables the integration and investigation of multiple, large caving data sets and provides a viable alternative to visualise rock mass response without physical access to the cave. Point instrumentation is incapable of providing an overview of cave performance and seismic monitoring, while providing an overview of the rock mass and the response of structures to caving, is only useful when linked to the caving activities. The integration of point instrumentation data with seismic monitoring information, coupled with scientific visualisation of the mining system in a virtual reality environment, provides a powerful means for understanding caving performance.This paper describes the use of a VRSV module at UNSW Australia, designed for investigating the block cave mining system from a case study operation. This module has been used to investigate the location and chronological evolution of seismicity to understand sources of damage resulting in seismic space-time sequences (SSTS) in the caving system. The events within an SSTS represent damage that is spatially and temporally related. An SSTS group represents a collection of microseismic events from a reasonably competent region of the rock mass that has experienced a stress change significant enough to cause sequential damage. SSTS group locations have been seen to be the path of subsequent cave propagation. Thus, SSTS analysis enables insight to further our understanding of rock mass damage in caving geomechanics through analysis of historic data. Such insight has operational potential to learn from recent rock mass activity for optimising the management of undercut advance, draw front advance and cave draw patterns.CITATION:Tibbett, J D, Suorineni, F T and Hebblewhite, B K, 2016. Understanding damage source mechanisms in a caving system using virtual reality scientific visualisation, in Proceedings Seventh International Conference and Exhibition on Mass Mining (MassMin 2016), pp 439–452 (The Australasian Institute of Mining and Metallurgy: Melbourne).

May 9, 2016

By Gerrit V. R. Goodman

Future coal mining systems will be able to cut from crosscut to crosscut where advances could exceed 100 ft. However, limitations arise when ventilating such mining systems. In deep advance mining, there would be no workers at the face to advance ventilation tubing or curtain manually. Traditional methods also provide no means for maintaining face ventilation after the miner backs away from the face. U.S. Bureau of Mines research is studying means to provide effective ventilation at cut depths beyond the current limit of 4D ft. Several innovative ventilation schemes are currently being considered. One such method is the use of a jet fan to ventilate a deep cut. A jet fan is simply a freestanding fan using little or no ducting to direct the ventilation flow. Jet fan testing in a 90-ft entry revealed that higher exit velocities and greater penetration depth occurred when various configurations were used to confine and direct the air flow. Additional testing also indicated that 2,200 cfm of fresh air was delivered to the face? 90 ft distant when a check curtain was used to limit entrainment around the fan. Without this curtain, this quantity dropped to only 1,000 cfm. This testing indicated that a jet fan was capable of providing ventilation to a distant face area. It also highlighted potential problems, such as recirculation at the fan and reentrainment in the jet flow. Despite these potential problems, jet fans may be adequate for ventilating cuts exceeding 4D ft.

Jan 1, 2010

By Guillermo Turner-Saad

"Best practice in the economic evaluation of mining projects and operations is based on the integration of geological, mining, metallurgical, environmental, marketing, economic and corporate information and strategies. Fundamentally, the economic evaluation takes into account mining, blending, stockpiling, processing, smelting, refining and marketing ore resources with grades estimated by geostatistical methodologies.Nevertheless, a realistic economic evaluation consists of a concurrent and integrated optimization process that maximizes the concentrates or products of liberated and selected ore minerals from mineral deposits. The optimum solution is obtained through a trade-off among mining, blending, stockpiling and processing ore reserves with distinct mineralogy and texture characteristics. The concurrent optimization determines both the practical mining sequence of ore reserves and the dynamic and robust mineral processing flowsheet design over the expected life of mining projects and operations.A combined risk-adverse and concurrent optimization process takes into account the spatial uncertainty of the mineralogy and texture characteristics of ore reserves. Additionally, a variety of mineral processing linear, non-linear, additive and non-additive parameters modeled spatially. The spatial uncertainty of these ore reserves characteristics and parameters has a direct impact in the expected mining sequence, mineral processing flowsheet design, concentrates or products quantity and quality, and economic value of mining projects and operations.Geometallurgical domain constrained stochastic geostatistical methodologies and multivariate mathematical models are applied for spatial uncertainty modeling of ore reserves characteristics and parameters. These mathematical models correlate the mineral processing liberation and selectivity responses of the mineralogy and textures within each geometallurgical domain. These models, in turn, are defined based on results of mineral processing and environmental testwork of unbiased and representative samples chosen for their variability. These samples are selected within mutually exclusive spatial geometallurgical uncertainty domains with similar mineralogical and textural characteristics in mineral deposits.Geometallurgical domains are defined by applying and combining multivariate statistical analysis and implicit modeling methodologies. These involve determining and constraining mineral processing liberation and selectivity properties explicitly contained in the extensive and integrated exploration drillhole database."

Jan 1, 2010

By D. S. Bloswick

An investigation an4 analysis of slip/fall accidents specifically pertaining to underground coal mines was conducted. From a population of 751 accident reports, three major sources of injury which account for over 80% of the incidents have been identified. The specifics of this study are presented in this paper. Based on the results, several recommendations are made to reduce such accidents in underground mines. In addition, a brief discussion of the slip-hazard analysis laboratory at the University of Utah, which will be useful in future analyses of these accidents is presented. Work in this facility includes the simulation of certain mining activities in a controlled setting. Foot forces are measured and work methods subsequently developed to minimize the slip potential of these activities.

Jan 1, 1988

The efficient and profit-maximising daily and long-term management of the Vera Nancy resource depends on decisions based upon assay data. This paper examines the range of sample sources, the methods of sample collection, assay techniques and Quality Assurance used by the mine. The orebody has a relatively low nugget effect for a gold mine (around 25 per cent) and this greatly assists in reducing sampling error and producing reliable assay data for production decision-making. Reconciliation between mine and back-calculated mill grades generally sees the mine under-calling mill grades by around four per cent.

Jan 1, 2000

By Marvin Lee

Kansas continued holding, for its seventh year, the fourth position in the list of oil-producing states. The crude-oil production, according to purchaser's reports to the State Corporation Commission, was 40,008,940 bbl.; as assembled by the Oil and Gas Journal, 41,305,768, and by the U. S. Bureau of Mines, 41,942,000 barrels. Increase of production from 1932 was largely due to greater stability of the industry, and increased return of demand for Kansas oil, caused by the addition of Federal assistance in national production regulation which reduced illegal production, of some areas out of Kansas, that had been destructively competing with Kansas crude or its refined products, at less than cost of production. Prices continued to advance from the lowest level of 25c per barrel during part of May and June, until by the end of September 36" gravity crude had reached $1 per barrel and continued at this price the remainder of the year. Price stability, for a period greater than in previous years, has brought renewed confidence to those producing oil and has led to renewed interest and increased purchases of Kansas leases. Drilling was confined chiefly to the number of wells necessary to protect from offset and other drainage in the field and to meet the requirements of expiring lease contract deeper areas in Mid-Continent, are an added inducement to exploration. The renewal of interest in the search for new fields in Kansas is already apparent and 1934 will probably see more wildcatting than for several years. This is due both to the expiration of leases on large blocks and to actual demand of the industry for new fields. Exploration for favorable areas is being actively conducted by the various methods of surface, subsurface and core drilling and geophysical work. Much of western Kansas cannot be mapped by surface study and geophysical exploration has been of considerable assistance and has led to a large use of the seismograph. Several companies are conducting seismograph surveys and leasing on findings already secured. Development under the more favorable conditions of 1933 can be readily seen by the comparison of the following reports for the last weeks of December in the respective years.

Jan 1, 1934

By Theron Wasson

No major oil-field discoveries were made County; the second in Marion township, in Michigan during the year 1940. Produc- Osceola County. Both are producing from tion for the year was maintained by the Stray sand at about 1350 ft. These discoveries made in 1938 and, as a result, is fields are on structures founci by core test-below the total for 1939. Several extensions ing through the glacial drift. The Six Lakes to old fields have been made, which have field, Montcalm County, discovered in helped to maintain production in the face 1934, is Michigan's largest gas-producing of rather rapid decline in the fields of the field. it has 195 wells producing from the southwestern part of the state. Important Michigan Stray sandstone and the Upper extensions were made in Overisel, Porter, Marshall sandstone. This field was devel-Sherman, and Adams fields. Important oil oped on a 40-acre spacing plan, and gas fields of the state are shown on the -map, Fig. I. WiI~dcat Drilling Michigan's production of 19,700,000 bbl. A test in sec. 29, Winterfield township, during 1940 was 3,800,000 bbl. less than Clare County, which is producing oil from the total for 1939, but about one million the Monroe of Devonian age at a depth of greater than 1938. This brings the total 3760 ft., and a well in sec. 31, Lincoln accumulated production for the state to a township, Osceola County, producing from little over 145,000,000 bbl. the Monroe at 3625 it., should be classed as wildcats that are sure to lead to further Active Oil Fields development in I94L The leading producer for the year was the At the end of the year the Gulf Refining Temple field, Clare County, where 29 new Company's deep test on the Kawkawlin wells were drilled. The Walker field, Kent structure in Monitor township, Bay County, was second, but drilled 183 new County, was preparing to drill deeper after wells in order to gain that position. In the having had a gas blowout from a depth of extension of the Overisel field in Allegan 7775 ft. This test is the most important one County, 115 new producers were drilled. drilling at the end of the year in Michigan, The Adams field, Arenac County, was for should it develop commercial produc- revived by several wells with initial production from deeper beds it will lead to deeper tions of over 1000 bbl. per day from the drilling on many well-known structures Dundee of Devonian age. that have been producing from shallower sands. Active Gas Fields Two important gas fields were discovered Exploration by Taggart Brothers during the year. The A small amount of reflection seismograph first was in Riverside township, Missaukee work was done in Clare, Osceola, and Glad-Win Counties during the year. Exploration Manuscript received at the office of the Institute March 28 1941 by shallow drilling for structural informa- tion on beds below the glacial drift con- 347

Jan 1, 1941

By Theron Wasson

No major oil-field discoveries were made County; the second in Marion township, in Michigan during the year 1940. Produc- Osceola County. Both are producing from tion for the year was maintained by the Stray sand at about 1350 ft. These discoveries made in 1938 and, as a result, is fields are on structures founci by core test-below the total for 1939. Several extensions ing through the glacial drift. The Six Lakes to old fields have been made, which have field, Montcalm County, discovered in helped to maintain production in the face 1934, is Michigan's largest gas-producing of rather rapid decline in the fields of the field. it has 195 wells producing from the southwestern part of the state. Important Michigan Stray sandstone and the Upper extensions were made in Overisel, Porter, Marshall sandstone. This field was devel-Sherman, and Adams fields. Important oil oped on a 40-acre spacing plan, and gas fields of the state are shown on the -map, Fig. I. WiI~dcat Drilling Michigan's production of 19,700,000 bbl. A test in sec. 29, Winterfield township, during 1940 was 3,800,000 bbl. less than Clare County, which is producing oil from the total for 1939, but about one million the Monroe of Devonian age at a depth of greater than 1938. This brings the total 3760 ft., and a well in sec. 31, Lincoln accumulated production for the state to a township, Osceola County, producing from little over 145,000,000 bbl. the Monroe at 3625 it., should be classed as wildcats that are sure to lead to further Active Oil Fields development in I94L The leading producer for the year was the At the end of the year the Gulf Refining Temple field, Clare County, where 29 new Company's deep test on the Kawkawlin wells were drilled. The Walker field, Kent structure in Monitor township, Bay County, was second, but drilled 183 new County, was preparing to drill deeper after wells in order to gain that position. In the having had a gas blowout from a depth of extension of the Overisel field in Allegan 7775 ft. This test is the most important one County, 115 new producers were drilled. drilling at the end of the year in Michigan, The Adams field, Arenac County, was for should it develop commercial produc- revived by several wells with initial production from deeper beds it will lead to deeper tions of over 1000 bbl. per day from the drilling on many well-known structures Dundee of Devonian age. that have been producing from shallower sands. Active Gas Fields Two important gas fields were discovered Exploration by Taggart Brothers during the year. The A small amount of reflection seismograph first was in Riverside township, Missaukee work was done in Clare, Osceola, and Glad-Win Counties during the year. Exploration Manuscript received at the office of the Institute March 28 1941 by shallow drilling for structural informa- tion on beds below the glacial drift con- 347

Jan 1, 1941

By J. A. Botín

Identifying, quantifying and minimizing technical risks associated to investment decisions is a key challenge for the minerals industry decision takers and investors. However, risk analysis in most bankable mine feasibility studies are based on stochastic modelling of project NPV which, in most cases, fail to provide decision makers with a truly comprehensive analysis of risks associated to technical and management uncertainty and, as the result, are of little use for risk management and project optimization. This paper presents a value-chain risk management approach where project risk is evaluated for each step of the project lifecycle, from exploration to mine closure, and risk management is performed as part of a stepwise value added optimization process.

Jan 1, 2011