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By S. Konetschnik, E. Dreyer, A. Filzwieser

"More intense furnace operations require effective cooling in order to achieve low refractory wear and good furnace lifetimes, making cooling technology an important aspect of furnace operations. However, the use of water - today’s standard cooling medium - has some disadvantages, as it can cause problems both during furnace start-up and operation, namely hydration problems, corrosion, and explosions. Apart from these aspects, the energy that is removed by extensive cooling cannot be recovered and is normally lost in the cooling towers.With METTOP’s new patented cooling technology it is possible to overcome the disadvantages of water by using an alternative cooling medium, namely ionic liquids (ILs). The main advantage of ILs is the fact that there is no risk of explosion should this liquid come in contact with molten metal. Furthermore, ILs can be used at higher temperatures than water - up to 200°C. This relatively high cooling medium temperature avoids hydration and corrosion problems and allows recovery of the energy by combining the ILTEC system and the organic Rankine Cycle (ORC) technology, for example.Due to the removal of the explosion risk, much higher safety standards can be achieved, particularly in critical areas such as tap-holes"

Jan 1, 2014

By K. Basaure, S. Palma, R. L. Castro

"Mud rushes are sudden inflows of fine wet ore within underground mines; they can harm people and equipment as well as cause production delays. Block and panel caving mines are prone to mud rushes in their production levels, with mud flowing from the drawpoints. Different mines have developed methods to control drawpoint conditions and thus perform safe ore extraction. The aim of this study is to develop a decision matrix and apply it to samples from drawpoints for the Diablo Regimiento mine, Codelco, El Teniente Division (Chile). The Abrams’s Cone was used to perform slump tests on mud samples and characterize their consistency by setting the saturation degree and packing. The unconfined strength for different saturation degrees and packing was then evaluated. The results show that conditions for fluid response in slump tests correspond to conditions for low strength in unconfined compression tests. We also found the water content value at which the flowing consistency changes from plastic to soft behaviour according to the slump test classification for each sample. This value varied between 12.2% and 16.9%, depending on the sample tested. Finally, a fluid security factor was defined in order to design an extraction pattern for the samples tested, based on the water content. We conclude that a very densely packed ore is not prone to flowing. The flow properties depend strongly on the specific properties of the ore tested, and consequently a specific criterion should be developed for different types of ore at a particular mine. The criterion developed for Diablo Regimiento ore provides critical water content values from 11% to 15%, depending on the ore type. IntroductionBlock/panel caving has the lowest cost and the highest production rates of all underground methods (Heslop, 2000; Hubert et al., 2000). Good management of the risks is important to ensure the security of personnel and infrastructure. Operational risks for the method include rockbursts, air blasts, and mud rushes (Hubert et al. 2000). A mud rush is defined as a sudden inflow of mud from a drawpoint or other underground opening into the mine (Butcher, Joughin, and Stacey, 2000; Butcher, Stacey, and Joughin, 2005). Mud rushes can cause dilution, production delays, and damage to equipment as well as injuries and fatalities. The elements necessary for mud rushes are mud-forming material, disturbances, a discharge point, and water (Butcher, Joughin, and Stacey, 2000). All these elements are present in block/panel caving mines. Mud-forming material comes from ore milled by the caving process; water comes from underground and surface sources. Drawpoints in the production level are discharge points for the mud. Finally, several types of disturbance could trigger the mud rush phenomena: blasting, earthquakes, operation of equipment (Call & Nicholas, Freeport McMoRan, and Hydrologic Consultants, 1998; Jakubec, Clayton, and Guest, 2012), arch collapse above drawbells (Butcher, Joughin, and Stacey, 2000; Butcher, Stacey, and Joughin, 2005; Jakubec, Clayton, and Guest, 2012) and ore drawing (Butcher, Joughin, and Stacey, 2000; Butcher, Stacey, and Joughin, 2005; Call & Nicholas, Freeport McMoRan, and Hydrologic Consultants, 1998; Jakubec, Clayton, and Guest, 2012)."

Jan 1, 2017

By T. Mahlangu Mahlangu, T. Fungene, K. C. Sole

"Although oxygen is widely employed as the oxidant of choice in gold leaching by cyanide, its low aqueous solubility presents some drawbacks in practical application; hydrogen peroxide has therefore been considered as a possible alternative. The aim of this investigation was to study the catalytic decomposition of hydrogen peroxide, which generates an oxidizing intermediate species, and to understand its effect on cyanide destruction. Operating conditions that facilitated the effective decomposition of hydrogen peroxide were established by varying the pH and catalyst type and concentration. The oxidizing intermediate, detected using an indirect technique, was found to be the hydroxyl radical (OH?). OH? is commonly generated in acidic solutions, but this work demonstrated that it is also produced at the alkaline pH values necessary for cyanide gold leaching. The effects of free and complexed iron and copper catalysts on the oxidation and consumption of hydrogen peroxide and cyanide were also investigated. It was shown that the cyano complexes of Fe(II) and Cu(I) are also effective as decomposition catalysts. Hydrogen peroxide concentrations above 0.01 M decreased the free cyanide concentration, which was attributed to the probable formation of the cyanate anion (CNO-). Although cyanide consumption increased due to its oxidation in the presence of OH?, excessive cyanide consumption in the presence of copper was attributed primarily to its complexation by the unstable copper(I) cyanide species. Rate constants for the decompositions of H2O2 and cyanide by ferrocyanide and copper cyanide were calculated; the latter was identified as being a better catalyst. IntroductionLeaching of gold from its ores using cyanide has been employed for well over a century (Habashi, 2016). Addition of cyanide converts the gold into a cyanide complex (Au(CN)2 -) that is soluble in water (Wang and Forssberg, 1990). The leaching reaction can be represented as Equation [1]:"

Dec 1, 2018

By J. Yianatos, P. Vallejos

In the last decades, the exponential increase in the cells’ volume resulted in significant advantages such as investment costs, footprint and energy savings. However, in larger size cells, despite the increased diameter/height ratio, new constraints arose related to the need for decreasing the larger froth transport distances to enhance the froth recovery. Thus, the use of froth crowders and internal launders became compulsory to maintain the froth transport distances but decreasing the ratio between gas and collected mineral flowrates. Consequently, the bubble load will increase until reaching a critical bubble surface coverage. In this paper, the concentrate carrying capacity (tph/m2) is described in terms of the bubble surface coverage (bubble loading) at the pulp-froth interface and the froth recovery (froth transport) and is evaluated as a function of the cells’ volume and operating variables. A sensitivity analysis, based on industrial operating and design conditions, such as superficial gas rate, particles size, froth crosssectional area and cells’ volume, was developed for evaluating the metallurgical performance of cells from 100 to 630 m3. Results show that limiting carrying capacity can arise for the whole range of cells’ volume, depending on critical operating conditions, particularly in first rougher cells and cleaning stages of industrial flotation circuits. The increase in cells’ volume consistently increases the bubble loading (bubble surface coverage) under all conditions, approaching the limiting conditions more rapidly in the case of cells without internal launders. Otherwise, the limiting condition was achieved when the particle size DPS decreased from 50 to 20 (μm) and for superficial gas rates significantly less or larger than 1 (cm/s). The use of internal launders allows for increasing the range of the operating conditions needed to reach a certain carrying capacity. Keywords: Bubble carrying capacity, flotation cells, bubble surface coverage, cells’ volume

Jan 1, 2020

By E. Molobi

"Studs are rods threaded on both ends and are used as mechanical fasteners for two or more components. Stud finds usage in industries such as automotive, construction and aviation. The advantage of studs is that they allow for disassembly of components during maintenance. Studs are continuously subjected to both tensile and shear stresses, depending on the application, therefore they should be manufactured from suitable materials that are capable of withstanding all these external forces. Studs are sometimes manufactured from re-sulphurized steel due to its improved machinability; however, there is a certain limit on the amount of sulphur, above which failure may occur. Premature failure of studs has been a common problem, but failed studs are commonly replaced with new ones without conducting failure investigations. The present work investigates the premature failure of two re-sulphurized steel studs used on a rocker arm assembly and recommends alternative materials. The investigation was carried out by conducting visual examination, microstructural analysis, hardness measurements, chemical analysis and a detailed scanning electron microscopy (SEM) investigation on the fracture surface.IntroductionTwo rocker arm studs used on a 16-cylinder diesel locomotive engine failed prematurely after being in service for less than 5 months. The rocker arm studs had a life-cycle of 5 years. The studs were manufactured from resulphurized steel. The paper aims to establish whether re-sulphurized steel is applicable for the manufacture of studs in the automotive industry.BackgroundLocomotives are classified as either electric or fuel-powered. Diesel locomotives are an example of fuel-powered locomotives. This type of locomotive uses a diesel engine as a means for propulsion. An engine converts chemical energy into mechanical energy required for traction. In an internal combustion engine a rocker arm is an oscillating lever that conveys radial movement from the cam lobe into linear movement to open and close poppet valves of cylinders (Husain and Sheikh, 2013). The rocker arms are secured on to the cylinder head by rocker arm studs."

Jan 1, 2016

By S. Khoshjavan

In this investigation, the effects of different coal chemical properties were studied to estimate the coal Hardgrove Grindability Index (HGI) values index. An artificial neural network (ANN) method for 300 data-sets was used for evaluating the HGI values. Ten input parameters were used, and the outputs of the models were compared in order to select the best model for this study. A threelayer ANN was found to be optimum with architecture of five neurons in each of the first and second hidden layers, and one neuron in the output layer. The correlation coefficients (R2) for the training and test data were 0.962 and 0.82 respectively. Sensitivity analysis showed that volatile material, carbon, hydrogen, Btu, nitrogen, and fixed carbon (all on a dry basis) have the greatest effect on HGI, and moisture, oxygen (dry), ash (dry), and total sulphur (dry) the least effect. Keywords coal chemical properties, Hardgrove Grindability Index, artificial neural network, back-propagation neural network.

Jun 1, 2013

By E. -U. Reuther

To improve the climatic environment underground the German coal mining industry has installed refrigerators with a capacity of 300 MW cooling power. One third of this total is accounted for by central refrigeration plants with more than 5 MW capacity. The central refrigeration comprises three stages: mechanical cooling, transport and distribution of chilled water via pipelines and exchange of heat in the air coolers. Of these three stages only the mechanical generation of chilled water has been resolved satisfactorily. Transport (including distribution) and exchange require further technical research. The Mining Institute of the Aachen University of Technology has done extensive studies on this subject, concentrating on controlling the flow of chilled water according to demand in the mine. Additionally, the favourable exchange in the air coolers is taken into account. The studies are based on a model mine which simulates the conditions in deep coal mines in Germany. The simulation program represents firstly the condition of the mine air at the location of the air being cooled, then the heat exchange in the air cooler itself, and finally the transport of the chilled water from the central refrigerator to the consumer. The program also reproduces the seasonal and operational changes in conditions of mine air as well as different air cooler designs. A regulated distribution of chilled water is also suggested. Finally, estimations of costs can be made as an aid for further planning.

Jan 1, 1987

By J. O. Roux

The Impala Platinum Limited Base Metals Refinery in Springs, South Africa, refines convertor matte containing base metals and PGM?s (platinum group metals) using a hydrometallurgical process. In addition to a PGM-rich concentrate that is further refined, the Base Metals Refinery produces nickel (in powder or briquette form), copper cathodes and cobalt powder. Five leaching stages are utilized to remove the base metals and impurities from the PGM concentrate. The project described in this paper involves a radical redesign of the second stage leach autoclave with the aim of reducing maintenance costs and downtime, increasing throughput and ensuring a safer working environment. The second stage leach process at the Base Metals Refinery, produces a PGM-rich residue through the extraction of copper and any remaining base metals from the first stage leach solid residue material. Leaching is performed in an autoclave operating at a pressure of 600 kPaG and a temperature of 140°C to 150°C. Concentrated H2SO4 is added to the feed to produce a solution with a free acid content between 10 and 30 g/L and a pH of less than 2. Oxygen is passed into the 1st and 2nd compartments of the autoclave. As a result of the aggressive, highly oxidizing conditions within the autoclave, the original design utilized a heavy wall carbon steel shell with lead lining and two layers of acid bricks. The bricks acted as a wear resistant material and ensured a low surface temperature at the skin of the lead lining, whereas the lead lining acted as a corrosion barrier to protect the steel shell. These brick lined autoclaves were heavy, maintenance intensive and prone to catastrophic failure. A radical autoclave redesign was needed to reduce the high costs of manufacturing, installation and operation. Finite element modelling was used to optimize the design and various high alloy materials were investigated for the application. Based on extensive test work, the carbon steel shell was replaced with duplex SAF 2205 stainless steel in the new design. The use of this highly corrosion resistant material, eliminates the need for the lead and brick linings and reduces the wall thickness requirements substantially, resulting in an increase in the available volume for the same external shell dimensions. The vessel is welded in circular sections to form an elongated, impermeable, cylindrical body, with several agitator nozzles and compartments. The first new duplex stainless steel unit has been in continuous operation for more than 24 months and its performance has exceeded the highest expectations. The design was so successful that a patent has been registered. The major benefits of the new stainless steel design include increased throughput, improved performance, less downtime and a safer working environment. Lead has been eliminated and replaced with a more environmentally safe material, and the total lifespan of the vessel has been extended. In addition, the autoclave project has made significant developments in advancing the field of welding and optimizing the integrity of welding quality standards in South Africa.

Jan 1, 2009

By J. D. Austin

Currency fluctuations affect the rand revenues of all exports of mineral commodities, as well as influencing their price on local markets. Of the more than 50 mineral commodities produced by South Africa, about 75 per cent derive 40 to 100 per cent of their revenues from exports. . Although supply and demand are largely beyond its control, management can maximize its revenues despite fluctuating overseas prices and exchange rates by using the right market at the right time. Management can operate in the futures markets, which involve a specific commitment to deliver a specific quantity of a standardized commodity at a set time in the future and at a price that is determined on a futures exchange in open auction; or management can use the options market, in which a producer can insure against the risk of a falling price by taking out a put-option, which gives the holder the right (but not the obligation) to sell the commodity at a stated price at an agreed time in the future. In the forward markets, management has three available tools; forward currency transactions, trading of currency options, and money market hedges. Revenues, currencies of exchange earnings, purchasing power of the rand, and world price trends are shown in over 40 diagrams and tables for the main mineral commodities produced in South Africa.

Jan 1, 1984

By E. Cetin

Orebodies that contain more than one economically important mineral are generally evaluated by parametric cut-off grades. This approach often leads to mis-valuation of mineral deposits because cut-off grades are not based on the grades of each individual mineral and, because of the parametric formulation, are only indirectly related to the individual grade distributions. The only realistic approach is a formulation that accounts separately for each component mineral. The grid search method can be used as a means of multi-mineral cut-off grade optimization in this context. This paper describes the use of the grid search method in cut-off grade optimization for multi-mineral deposits. The authors introduce the general concepts of the method and formulate its application to cut-off grade optimization; they describe a software implementation of the method that can accommodate cut-off grade optimization for mineral deposits that contain up to three economic minerals. Keywords cut-off grade, optimization, grid search, multi-mineral deposits.

Aug 1, 2013

By K. Kabezya

A study on slag dispersion in a model of bottom-blown bath smelting converter was undertaken at room temperature. The aim was to investigate the behaviour of the dispersed slag phase at various operating conditions with very high gas flow rates in low slag volume (10%) systems. For simulation purposes water, paraffin-oil, and air were used to represent the bulk steel, molten slag, and gases respectively in a one-fifth cold model of the commercial 100 t Creusot-Loire-Uddeholm (CLU) converter used in the manufacture of stainless steel in South Africa. Dimensional analysis was done to correlate mathematically the dispersed phase holdup with the operating conditions and the modified Froude number. The overall expression of the holdup revealed that the dispersed slag phase decreased with the vertical distance from the original interface between the liquid phases. The dispersed phase also decreased with the radial distance in the water plume zone toward the sidewall. The holdup was apparently much higher on the side of the reactor where there were no tuyeres. The modified Froude number ensured the correlation between the model and the prototype.

Jan 1, 2014

By T. Flitton, R. Peattie

"The extreme depths and consequent expense of drilling and sampling the gold-bearing reefs of the Witwatersrand Basin have resulted in limited data being available for estimation of grade ahead of the mining face. There is, however, a wealth of information from mined-out areas of these deposits. This estimation challenge resulted in the development of a unique method of Mineral Resource estimation.AngloGold Ashanti (AGA) utilizes a technique termed macro cokriging (MCK), which allows for the integration of the limited advanced borehole data with the large chip sample data-sets from the previously mined-out areas by adopting a Bayesian geostatistical approach. The MCK process, in short, is the estimation of mixed support size data together with the application of four-parameter distribution models.The gold value estimation for the Carbon Leader Reef (CLR) on the AGA TauTona Mine is used in this paper as a case study of the process and to demonstrate the effectiveness of this technique through production reconciliation. The current method has been proven over the last 20 years and is now an established part of the Mineral Resource evaluation process within AGA.IntroductionOwing to the extreme depths of the goldbearing reefs at the AngloGold Ashanti (AGA) Witwatersrand operations and the prohibitive expense and time involved in drilling boreholes to the required depth, only limited drilling and sampling data is available ahead of the mining face. Whereas traditional estimation techniques are interpolative, within the Witwatersrand the estimation is primarily extrapolative, with the majority of the data being sourced from the mined-out areas. This significant challenge to estimation resulted in the development of a unique method of Mineral Resource estimation and evaluation."

Jan 1, 2016

By G. Akdogan, I. Mwandawande, S. M. Bradshaw, M. Karimi

The mixing characteristics of industrial flotation columns were investigated using computational fluid dynamics (CFD). Particular emphasis was placed on the clarification of the relationship between the liquid and solids mixing parameters such as the mean residence time and axial dispersion coefficients. The effects of particle size and bubble size on liquid dispersion in the column were also studied. An Eulerian-Eulerian method was applied to simulate the multiphase flow, while additional scalar transport equations were introduced to predict the liquid residence time distribution (RTD) and particle age distribution inside the column. The results obtained show that particle residence time decreases with increasing particle size. The residence time of the coarser particles (112.5 μm) was found to be at least 60% of the liquid residence time, while the finer particles (19 μm) had a residence time similar to the liquid. The results also show that an increase in the particle size of the solids results in a decrease in the liquid vessel dispersion number, while a decrease in the bubble size increases liquid axial mixing. Finally, the simulated axial velocity profiles confirm the similarity between the liquid and solids axial dispersion coefficients in column flotation.

May 2, 2022

By M. Krasowska, W. Skinner, R. K. Asamoah

Understanding chemical interactions at solid-liquid interfaces have played a pivotal role in improving mineral flotation performance, increasing the rate of mineral crystallisation and profitable leaching of valued minerals and metals. This paper highlights gold leaching with links to surface and interfacial chemical processes occurring, and opportunities to maximise extraction while reducing usage of more recent scarce resources. From the review, there is a significant link between surface and interfacial processes and gold leaching performance. Evidently, gold leaching kinetics could be increased by changing leaching conditions, including manipulating the surface and interfacial interactions. Control of surface and interfaces during gold extraction could enhance rapid, smarter gold extraction and mitigate formation of passivation layers. Keywords: Surface and interfaces, refractory ores and concentrates, gold leaching, reaction mechanism and kinetics

Jan 1, 2020

EMMES Sampling Conference BACKGROUND & INTRODUCTION ?Impala acquires toll material to supplement production from ROM ?Toll material consists of filter cake, slurry and catalysts ?Samples are collected to determine the commercial values of the lots ?Slurry deliveries projected to remain relatively constant at 120tons dry solids per month, whereas filter cake deliveries set to increase five-fold to 800 tons dry solids per month ?Due to projected increase in toll material, new sampling and offloading facility presently under construction at Impala ?Presentation will cover two projects aimed at reducing the uncertainty associated with sampling of toll deliveries ?i.e. slurries and filter cake.

Jan 1, 2005

By M. Rudolph, E. Schach

Tecflote is a new group of nitrile-based collectors for sulfide flotation. Water insolubility results in some interesting implications for the actual mechanism. It is not yet understood if Tecflote is directly adsorbed on the mineral surface as emulsion droplets or if it is only active at the air-water interface, affecting the interfacial rheology or electrostatic- and Van der Waals interactions, which have a direct impact on the bubble-particle contact. Different investigations including contact angle measurements, AFM studies and micro-flotation experiments are conducted to obtain a better understanding of the actual mechanism of Tecflote. Due to the reagent’s insoluble character, the Langmuir-Blodgett technique is used to investigate its behaviour in the air-water interface and to deposit defined layers of Tecflote on mineral substrates for the above-mentioned studies. An interferometric set up is used to investigate the influence of Tecflote on the film thinning between an air bubble and a mineral substrate. In addition, possible synergistic effects for the combination of Tecflote and conventional frothers (e.g. MIBC) are studied. Keywords: Sulfide flotation, insoluble collector

Jan 1, 2020

By S. Adams, J. R. C. von Holdt, J. L. Broadhurst

Fugitive dust from mineral extraction and processing activities can significantly influence air quality, the environment, and the health and quality of life of workers and surrounding communities. Poor engagement and communication between experts and lay persons, disciplinary silos and polarised viewpoints have made it difficult to develop a holistic understanding of the complex health issues associated with environmental emissions of mine dusts, and consequently to design meaningful and integrated approaches to address such issues. The collaborative Global Challenges Research Fund (GCRF) Mine Dust and Health Network, hosted by Minerals to Metals at the University of Cape Town, serves as a collaborative think-tank to inform research directions within and across disciplines, government policy and regulations, health monitoring programmes at public clinics, industry best practice, community healthcare and impact prevention programmes. It focuses initially on the southern African region, but with the intention to expand to mining-intensive developing countries within the rest of Africa, South America and Asia. This paper outlines the approach and activities of this global transdisciplinary and intersectoral network and presents some of the key outputs and achievements to date. Keywords: Mine dust, Global Challenges Research Fund Mine Dust and Health Network

Jan 1, 2020

By S. M. Graham, G. Mellis

"The determination of the oxidation state(s) of an element present in a solid sample may be required for a number of reasons, including the assessment of the degree of reduction which has taken place during a multi-step production of a metal. In addition, possible flaws in a metal may result from small amounts of oxides included in the solid. The analyte of interest may be present as a major component of a sample of interest, or as a minor impurity - beneficial or requiring removal - in another matrix.Numerous methods have been established for the analysis of species in solution samples - for example, Fe2+ and Fe3+ by titration, Cr6+ by colourimetric means, etc. With appropriate knowledge of the solution being analysed, many of these methods are fairly straightforward, extremely reproducible and accurate. In those instances where the analyte in a solution is known to be in only one form, the analysis is even more straightforward, since it can be achieved instrumentally (by AAS, rCP-OES or rCP-MS, for example).However, the situation with respect to the analysis of solids is not as simple. Various techniques - such as X-ray diffraction - are routinely used by our mineralogists to obtain information about the various minerals present in solid samples, and thus about the oxidation states of the analyte elements present. However, these techniques usually give results that are qualitative, or semi-quantitative at best. They are also usually time-consuming and expensive. One of our colleagues at Mintek, Deshenthree Chetty, has done extensive work in developing a method for the quantification of manganese species in solids using mineralogical methods, and this is no small achievement."

Jan 1, 2014

By A. Mehmet

The feasibility of employing a multi-stage column for the recovery of gold from cyanided pulps using extruded carbon was investigated on a pilot-plant scale. It was anticipated that the column contactor would have certain advantages over conventional carbon-in-pulp plants. The feed pulp was screened to remove particles larger than 200 µm and was diluted to a solids concentration of about 23 per cent. The column was operated continuously for 24 days at a pulp flowrate of about 60 l/min and a carbon flowrate of 44 litres per day. The average gold concentrations in the barren pulp 12 hours and 24 hours after the carbon transfer were 0,012 and 0,031 mg/l respectively. The average gold concentration in the solution phase in the feed was about 2,0 mg/L. The average gold Loading on the carbon was 6290 g/t. Calcium carbonate was removed from the loaded carbon by treatment with 0,5 bed volumes of 2,8 per cent hydrochloric acid solution at ambient temperature. The calcium concentration was reduced from about 17 000 to about 500 g/t The carbon was eluted by the Zadra procedure at atmospheric pressure. The results of the elution were highly satisfactory, the gold concentration being reduced from about 6000 to about 20 g/t in 48 hours. The eluted carbon was regenerated in a Rintoul kiln at about 700°C. The activity of the regenerated carbon was found to be at least as high as that of fresh carbon.

Jan 1, 1992

By J. Zwartendyk, A. Azis

"Every nation must decide how it should exploit its mineral resources so as to contribute most to its national objectives. It is argued that the present value of the future corporate income tax flow derived from mineral exploitation may serve as a useful indicator in moving toward a taxation policy that would contribute optimally toward the greatest public benefit.The future stream of corporate income taxes depends largely on the mineral endowment, consisting of deposits now being mined, known unmined deposits, and unknown deposits.Unknown deposits may be estimated by geological inference. Both known and unknown deposits can be categorized according to grade and size, and divided into economic and uneconomic deposits on the basis of certain prices, costs, rate of return and taxation levels.Computer simulations can be run of discounted cash flow models at various taxation levels to show the impact of taxation changes on future tax revenues."

Jan 1, 2014