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By A. Y. Senchenkoa, Y. V. Kulikov

The relationships revealed between ore hardness and specific energy consumed by crushing and grinding are described in the paper. A comparison of key technical and economical parameters of SAG and HPGR circuits is made, based on testing of several ore types for greenfield projects. The comparison of results make it possible to estimate efficiency of the technologies application, depending on ore hardness and taking into account potential risks for a circuit under design. Keywords: Comminution circuits, SAG, HPGR, test results

Jan 1, 2020

By T. Käyhköa, J. Liipoa, S. Khizanishvilic, M. Sinche-Gonzalezb

The use of geometallurgical modelling is becoming more common in concentrator plant design and during the operational phase. Predictive modelling aims to define optimised process parameters for the concentrator plant to accommodate variability within the ore feed. The main objective of this study is to show how the metallurgical response of different types of ore blends can be simulated using kinetic models derived from experimental flotation tests with different geometallurgical end-member ore types and their blends. For these validation tests, four different end-member ore types containing different ratios of chalcopyrite, chalcocite and oxidised copper minerals from Rich Metal Group’s Madneuli copper-gold mine, Georgia, were tested. Kinetic flotation tests, including both rougher and cleaner flotation tests, were carried out. The simulations were performed using HSC Chemistry software based on mineral compositions of the ores and kinetic models using rectangular distribution equations and flowsheet model. Simulated and experimental results of copper grade, copper recovery and concentrate mass pull correlated well with R2 values of >0.95. Based on these results, the metallurgical response of different ore blends can be simulated based on the flotation kinetics of end-member ore types. The use of this kind of simulation will create savings during the test work phase and increase the flexibility and predictability in the processing stage. Keywords: Ore body characterisation, geometallurgy, process mineralogy

Jan 1, 2020

By S. W. Jacobsz, Y. Narainsamy

Several high-impact tailings dam failures around the world in recent years have placed a renewed focus on the stability of tailings dams and pointed to potential shortcomings in traditional drained design and safety evaluation procedures. A need to consider undrained shear strength in the design of tailings facilities has become apparent. However, there are specific requirements that need to be met before undrained shearing occurs. In South Africa, the last major failure was likely the Merriespruit disaster in 1994, which leads to the question of whether the conditions required for undrained shearing are readily applicable to South African tailings dams. This paper describes research at the University of Pretoria that has recently commenced to further investigate the conditions required for undrained failure to occur. The research includes laboratory and field testing to replicate these conditions in the laboratory and relate them to those found in an active tailings dam.

Jun 2, 2022

By DeVerle P. Harris, David E. Euresty

"Potential metal supply refers to metals to be produced from as yet unknown deposits. Naturally, to measure potential supply requires, among other things, inference to the number of deposits, their tonnage, and their grade Thus, probability distributions were constructed for each 400-square mile cell in Northern Sonora, Mexico. A computer system was developed that simulated the occurrence of deposits for each cell, exploration for the deposits, and their exploitation. Evaluation was performed for each deposit by discounted cash flow analysis.An objective of this study was to explore the effect of the transportation network and required road or railroad construction upon potential supply. Consequently, the evaluation system was designed to consider the spatial location of a simulated deposit to the existing transportation network and the market destination. The construction of linkages to connect the deposit to existing transportation arteries as well as the carrying of the concentrates to the intended market were simulated. in terms of cost. The selection of the path took into account the existing terrain. This was done by digitizing topographical maps and representing the topography of the area by an orthogonal grid of elevations. The optimum route was selected by dynamic programming, meeting a prescribed gradient constraint. The potential supply of each cell was determined, allowing for the infrastructure effect."

Jan 1, 2014

2nd CONGRESS OF THE INTERNATIONAL SOCIETY FOR ROCK MECHANICS The 2nd Congress of the International Society for Rock Mechanics will be held in Belgrade, 21-26 September, 1970. The Congress will include: working sessions, study tours, receptions, excursions introduced in the working sessions and post-congress excursions and special programme for accompanying persons. Anyone interested in rock mechanics and its applicarion may take part in the 2nd Congress. Official languages of the Congress are: English, French and German. Simultaneous translation service will be provided during the Congress. All the correspondence concerning the 2nd Congress of the International Society for Rock Mechanics should be addressed to: Sekretarijat 2. kongresa Medjunarodnog drustva za mehaniku stena Institut za vodoprivredu "Jaroslav Cerni" Bulevar vojvode Misica 43, Postanski fah 530 Beograd - Jugoslavija NINTH INTERNATIONAL SYMPOSIUM TECHNIQUES FOR DECISION MAKING IN THE MINERAL INDUSTRY The Symposium which is to be held in Montreal during the week of June 14-19, 1970, follows the Computer Symposium held in Salt Lake City this year. The purpose of the Symposium is to define the role of decision making techniques within the mineral industry and to stimulate the development of specific applications. The subject of the Symposium-mathematics, operations research and computers as applied to the mineral industry-allows a complete picture of the mineral industry in its public policy, corporate, financial and technological environment to emerge. This is another of the series of symposia on this and related subjects started in the early 1960's at the University of Arizona. Sponsorship has included a number of Universities and the Society of Mining Engineers of the American Institute of Mining. This 1970 symposium is the first to be held outside of America, and is being sponsored by the Canadian Institute of Mining, McGill University and Ecole Polytechnique. A number of delegates from South Africa have participated in these symposia and several have already arranged to attend this symposium in Montreal. Enquiries should be directed to: Secretariat, The 9th International Symposium, Department of Mining Engineering, Ecole Polytechnique, P.O. Box 50l, Snowden, Montreal 248, Quebec, Canada. 24th INTERNATIONAL GEOLOGICAL CONGRESS This Congress is to be held in Montreal, Canada, from August 21 to 30, 1972. A very detailed and extensive programme has been proposed, and includes a number of excursions. Copies of the first circular are obtainable from: The Organizing Committee, 24th International Geological Congress, 601 Booth Street, Ottawa 4, Ontario, CANADA. SYMPOSIUM ON THE RECOVERY OF PYRITE The proceedings of the Symposium on the Recovery of Pyrite, held in Johannesburg on 12th to 13th June 1969 are now available. Copies may be ordered from the Secretary, S.A.I.M.M., P.O. Box 61019, Marshalltown, Transvaal at a cost of R10.00. Papers and addresses presented at the Symposium were: Opening Address by Mr J. K. E. Douglas (President). 'The world sulphur position,' by W. C. J. van Rensburg (Member). 'The South African sulphur position,' by D. L. Taylor (Member). 'The recovery of pyrite at Government Gold Mining Areas Limited,' by R. J. Westwood (Member), G. S. Stander (Affiliate) and H. R. Carlisle (Member). 'Recovery of pyrite concentrates from colliery-waste discards-A preliminary assessment,' by W. A. Gilbert (Visitor) and E. A. Nugent (Member). 'The role of pyrite in upgrading the uranium content of Witwatersrand conglomerate ores by means of the heavy-medium separation process,' by D. J. Tutt (Associate Member). 'Pyrite recovery by jigs at Durban Roodepoort Deep Limited,' by E. J. Dominy (Affiliate), F. Diamond (Affiliate) and A. D. Graham (Affiliate). 'The storage of pyrite concentrates,' by Joan C. Campkin (Visitor) and P. J. Lloyd (Member). 'The flotation plants of the Anglo- Transvaal Group,' by L. A. Bushell (Member). 'Pyrite flotation with amines and cyanidation of the products,' by E. H. D. Carman (Member). 'Gold recovery by cyanidation from mill products obtained after pyrite flotation,' by P. G. Mrkusic (Graduate), M. Sciarone (Visitor) and H. E. Simonsen (Visitor). 'The influence of sulphydral and cationic flotation reagents on cyanidation of native gold,' by K. G. Ashurst (Visitor) and W. P. Finkelstein (Member). 'Laboratory tests on the flotation of pyrite from Witwatersrand gold ores by cationic collector,' by J. Levin (Member), and M. L. Veitch (Visitor). Closing Address, by Dr R. E. Robinson (Director, National Institute for Metallurgy).

By M. -A. de Ville d’Avray, J. Bosman, S. Brochot

Dense Medium Separation (DMS) technologies are used for light (coal, lithium) or heavy (chromite, iron ore, diamonds) minerals concentration, but also for ore pre-concentration (Pb/Zn) or waste (plastics). Dense media are mainly formed from a suspension of magnetite or ferrosilicon in water. Such DMS circuit design or optimisation requires a full and detailed material balance which can be obtained by the aid of modelling and simulation tools. This balance is not limited to ore and its valuable minerals, but also the recovery of the dense medium itself. If the density is the main property used for separation, the particle size plays a non-negligible role, and, more precisely, the liberation classes which can be associated to the washability curve. The paper presents how the modelling and simulation platform USIM PAC can answer this challenge with the set of models for DMS operating units such as drums or cyclones, and their associated screens (drainage, rinsing) and magnetic separators for medium recovery. Some examples for mineral concentration will illustrate this approach. Keywords: Process simulation, process modelling, dense medium separation, process optimisation

Jan 1, 2020

By F. Mwaura

"The aim of the audit was to determine whether the mining project environmental impact assessments (EIAs) in Kenya are undertaken according to international best practice. A sample of 50 EIA reports for the 2007–2016 period was evaluated using 18 criteria in the Environmental Law Alliance Worldwide (ELAW) guidelines. The findings showed that only two criteria were considered ‘excellent’ according to the ELAW guidelines, namely baseline environmental assessment and prediction of physical impacts. Six criteria were found to be ‘satisfactory’, including prediction of social impacts, analysis of alternative options, and impact mitigation. The reports were quite weak in terms of: consideration of all phases in the mining cycle, environmental regulatory framework, prediction of biological impacts, stakeholder consultation and engagement, integration of human right issues, and integration of climate change and cost-benefit analysis. It is therefore recommended that the Kenyan National Environment Management Authority (NEMA) should consider tightening the EIA terms and conditions in the approval of statutory terms of reference (ToR) for full-scale mining EIAs to ensure improved performance of EIA as a tool for environmental protection. IntroductionThe nexus between society and the environment has continued to generate interest because the environment is the source of goods and services that sustain the various needs of human beings as outlined in the UN sustainable development goals (SDGs) (Armstrong and Peart, 2000; Sutton 2004; Chakrabarti 2007; Strange and Bayley 2008). All the five generic categories of societal needs, namely physiological needs (food, water, clothing, medicines, etc.), residential and occupational needs (shelter, transport, energy, etc.), economic needs (tradeable goods and services), leisure and recreational needs (tourism), and cultural and spiritual needs (e.g. sacred resources and ecosystems) (Mwaura et al. 2016) are addressed by the environment. Consequently, a wide range of development sectors have been established around the world in order to address the above needs (Lederer, Galtung, and Antal, 1980; Rammelsberg et al., 2006; Noonan, 2014). All these development sectors rely entirely on the environment for their proper functioning, as shown in Table I."

May 1, 2019

By M. R. Anderton

"A hierarchical four-character code designed for geological and allied data may be used to log exploration drill-holes and store the information on magnetic media. The code is intended for use in semi-free format and permits the collection of as much, or as little, data as the geologist may require for the purpose in hand. A method of data storage by variable length records is discussed.Information may be retrieved by means of a simple enquiry language. Optional output facilities could allow the retrieval of data in a form suitable for direct input to a contouring package. The enquiry parameters and interrogation program can thus provide the interface between the data bank and associated application systems."

Jan 1, 2014

By L. A. Cisternas, R. I. Jeldres, D. Calisaya

"Flotation of copper-molybdenum sulphide ores in seawater entails critical challenges such as selective recovery of molybdenite, effective pyrite depression, and reducing the lime addition required to reach highly alkaline conditions. It is essential that laboratory flotation tests aimed at solving these problems give reliable, reproducible results and indicate the correct approach for industrial operations. Rougher flotation of coppermolybdenum sulphide ores in seawater was investigated using two different cells: a modified Denver cell and a standard commercial cell. The effect of an organic reagent on the flotation performance was tested, and the fast/slow-floating model was used to describe the results. The modified Denver cell significantly improved the reproducibility of the flotation test results, due to technological enhancements such as the impeller being driven from below without a stator, which enables the whole froth surface to be scraped with a paddle at a constant depth and rate. Organic reagents are a promising alternative to inorganic reagents for depressing pyrite in seawater. However, further studies should be conducted to investigate their impact on molybdenite recovery, as well as to evaluate the possibility of depressing pyrite after molybdenite separation. The fast/slow-floating model was found to be appropriate for describing the flotation kinetics of the copper-molybdenum ores. The parameters are useful for comparing the performance at different conditions. IntroductionOwing to the increasing scarcity of fresh water, the use of seawater mining and mineral processing is becoming increasingly important (Cisternas and Moreno, 2014). Seawater can be desalinated by reverse osmosis, but this involves considerable costs, limiting it to the big mining companies (Akgul et al., 2008; Leidner et al., 2012; Ghaffour, Missimer, and Amy, 2013). Furthermore, desalination has environmental consequences (Lee, Arnot, and Mattia, 2011); for example, a desalination plant designed to process 2.5 m3/s requires an electrical energy supply of around 30 MJ/s. To supply this power demand, a thermoelectric plant burning bituminous/sub-bituminous coal mixtures at a thermal power generation efficiency of 35% might release around 1200– 1500 t of CO2 per day. Furthermore, the effluents from desalination plants are typically discharged into the sea, and their high temperature and ionic content inevitably modifies the marine environment, with unknown consequences. The direct use of seawater is, therefore, more attractive, but it also poses major challenges since seawater contains ions that adversely affect mineral recoveries. In particular, in the flotation of sulphide ores in seawater, the floatability of molybdenite is depressed (Castro, 2012; Laskowski, Castro, and Ramos, 2014)."

Jan 1, 2017

By J. H. E. Perry, V. H. Wiik

"The ore deposits of the Zambian Copperbelt occur in sedimentary strata that have been subjected to relatively mild, flexure-type folding. Unrolling serves to reconstruct the original depositional geometry of the folded sedimentary strata and is in common usage on the Copperbelt both for geological analysis of drill hole data and in routine ore reserve estimation.A computerized method of unrolling was introduced at Roan Consolidated Mines in 1969 based on a standard contouring program. A contour map of the geological structure is drawn from a regular grid of elevations, interpolated from the original, irregularly-spaced intersections. Unrolling is performed across this grid, perpendicular to one or two axes specified by the geologist. Each intersection is unrolled independently, and the new co-ordinates are subsequently processed to produce unrolled maps.The technique has been used successfully at RCM over the last two years in both the estimation of ore reserves and exploration planning."

Jan 1, 2014

By O. Fenn

Earlier work had shown that the use of water jets at moderate pressure enhances mechanical cutting in hard rock. To assess the potential of this technique for use in conjunction with free-rolling cutters, a series of laboratory tests was conducted with disc and button cutters to determine the effect of variations in the jet and cutting parameters on the cuter performance. In these tests it was found that the use of water jets at pressure in the range 5 to 40 MPa can reduce the forces on a free-rolling cuter by 40 per cent, which represents a significant improvement in cutting performance. The reduction in thrust force was found to be dependent on jet pressure: the greater the pressure, the greater the reduction. The reduction in rolling force was independent of jet pressure over the range investigated. The results indicate that no additional improvements in cutting performance of any significance are to be gained by an increase in jet pressure above 40 MPa. The most effective jet configuration for the reduction of cuter forces was found to be four coherent water jets, two lateraly disposed on each side of the cuter and directed at the arc of contact between the cutting edge and the rock.

Jan 1, 1987

By C. Birch, J. Perold

"Due to the challenging geological environment of the Postmasburg Manganese Field (PMF), a study was conducted to determine if any benefits would derive from the inclusion of resistivity data during threedimensional (3D) modelling of the manganese resource. This was achieved by estimating manganese resources from 2011/2012 drilling data and comparing them with manganese resources estimated from the same drilling data and resistivity data collected during 2013 and 2017.Both models were adjusted to limit their extent to the same 3D modelling space. Significant volume and tonnage differences were observed for all lithological units. The greatest differences were noted in the manganiferous zones of alteration – 7.200 Mt for the geological model versus 3.700 Mt for the geoelectric model.This study showed that the inclusion of resistivity data can reduce exploration costs significantly, as a direct consequence of the resistivity data allowing more accurate siting of boreholes. This decreases the number of boreholes, samples, and analyses required due to the 3D electrical delineation of mineralized areas prior to drilling.An additional benefit is the ability to more correctly forecast the net present value of an operation due to more accurate estimation of manganese resources and stripping ratios. This is clearly demonstrated by the estimated gross profit estimation of R409 million for the geological resource model versus R264 million for the geoelectric resource model.The addition of resistivity data can, therefore, reduce exploration costs and can increase confidence in geological and financial modelling. It would be reasonable to conclude that this approach could also be used for karsthosted massive sulphide deposits. IntroductionAccording to Corathers (2014) and Gajigo, Mutambatsere. and Adjei (2011), South Africa holds between 75–80% of global manganese reserves, followed by Ukraine (10%), Australia (3%), India (3%), and Gabon (2%). The known, land-based, manganese resources located elsewhere are estimated at 2%.The majority of economically important sedimentary manganese ore deposits in South Africa are situated in the Northern Cape Province (Gutzmer, 1996). Manganese ores of the Postmasburg Manganese Field (PMF) were discovered in 1922, and the Kalahari Manganese Field (KMF) in 1940. According to Astrup and Tsikos (1998) and Gutzmer (1996), mining of manganese ore from the PMF ceased during 1989 in favour of the superior quality of manganese ore from the KMF."

Mar 1, 2019

By G. P. A. Howe

"A computer model of the rutile, ilmenite and zircon industry was developed jointly by Associated Minerals Consolidated and Consolidated Gold Fields for exploring marketing strategies and making predictions over a ten-year period. The industry is described briefly and the reasons for modelling it and choosing a deterministic approach explained. The economic structure of the model and its level of complexity are discussed. The necessity and techniques for convenient input and clear output, the team composition and the method of work are discussed.The reasons for the choice of FORTRAN, large computers, remote batch terminals and the vital importance of fast turn-round are discussed.Costs in staff time and computing are given, with an assessment of the reasons for the success of the model. The model is used on a regular basis to aid management decisions."

Jan 1, 2014

By J. E. Xu, J. Y. Zhang, M. Q. Sheng, K. Wan

"SynopsisThe densities of selected CaO-Al2O3-MgO slag systems were measured at 1823K by the Archimedean method. Thirteen different slag compositions were chosen based on different levels of the MgO content and the mass ratio of CaO/Al2O3. The results indicated that the density of the slag decreases with increasing MgO content (from 0–3.78 mass%), but increases with further increases in MgO content up to 11.33 mass%. At a fixed MgO content of 5.5%, the trend of density change with CaO/Al2O3 in the slag is similar to that for changes in MgO content. On the basis of the regular solution approximation rules of excess molar quantities, an attempt was made to estimate the molar volume of the slags investigated. The application of the molar volume model confirmed that the present expanded approximation rules are applicable to predict the molar volumes of the melts discussed.IntroductionDensity is one of the most important fundamental properties of slags, which influences metallurgicaly phenomena in many ways. Density is sensitive to the nature of the chemical bonds and the species in the melt, and is of great importance not only for theoretical research on the structural properties of molten slags, but also for industrial applications. Density is also required to estimate other key properties used to assess the behaviour of high-temperature molten oxides, e.g. viscosity, surface tension, and thermal conductivity.Liquid calcium aluminate slags that contain magnesia are the basis of most ladle slags for secondary refining processes. The CaO-Al2O3 binary phase diagram (Hallstedt , 1990) shows the eutectic composition (50 wt% CaO and wt% Al2O3) has the lowest melting temperature. The main emphasis of this study is on the 12CaO·7Al2O3 refining slag with MgO additions. The CaO-Al2O3-MgO ternary system is of considerable importance in industrial metallurgical processes, and is fundamental to the understanding of metallurgical slags, ceramic materials, and geological phenomena."

Jan 1, 2015

By K. L. Morton, R. .. J. Connelly, P. C. Bouw

Uncertainties in the forecasting of the volume of groundwater likely to enter underground workings present difficulties for mine management in planning and costing the water-related activities of mining. This paper describes a technique that was developed to assess future inflows into a gold mine in the Orange Free State. The approach employed was based on the interactive operation of two separate computer models: a regional-flow model and an inflow model. As a first stage, a regional finite-element model of groundwater flow was set up and calibrated. Predictive runs were made to establish the influence of mining on the water levels from base-line conditions. This step was necessary since observations of the regional water levels were sparse. The predicted water levels were transferred to the inflow model, and the future flowrates were calculated. Both models were calibrated by trial and error until a satisfactory match was obtained between historical records and the values predicted by modeling. In this way, an improved monitoring system to record regional water levels and pressure heads within a mine was established. By the use of information, the initial model predictions can be refined as mining progresses. The models used are based on a non-linear relationship between the area mined and the inflows. A phased behaviour in the rates of inflow increase was noted. In conclusion, the modeling approach can provide mine management with guidelines for dewatering requirements. The confidence levels depend upon the records that have been collected during the mine's history.

Jan 1, 1988

By E. Kumar, L. A. Kumar

"A methodology is proposed to develop an optimization model to understand the impact of transporting minerals, from mines to the final destination, on air quality. Recently, there has been increasing concern about the combined effects of multiple activities over many years, and the regional environmental changes brought about by a single project. Environmental issues in the iron ore industry have highlighted the need to broaden the cumulative impact assessment. In this study, we simulated the optimal routes and quantity of materials needed to meet the destination plant demand based upon environment constraints (level of air pollution), as well as the cost of transportation and availability of materials. Multiple scenarios were developed to analyse the effects of changes in routes, alternative transport system (or multi-modal split), traffic congestion, and the cumulative impacts on air quality. The air quality impact zones of the study area were demarcated using a GIS technique. The expected outcome of the study is the selection of a suitable transport system for a particular site with the least impact on air quality, including the transportation route, relative to the minimum cost of transportation of the minerals from the mines to their final destination. The proposed methodology is evaluated with a case study. IntroductionIn India, the process of environmental impact assessment (EIA) has been focused primarily on the local impacts of projects, without considering regional environmental effects. Environmental clearances for proposed projects are based on reports of local impacts. However, any developmental project poses a potential risk to the environment as a whole, and not just in the immediate vicinity of the project. Recently, there has been increased concern about the combined effects of multiple activities over many years—the regional environmental changes due to development of a single project (Dutta, Mahatha, and De, 2004). Environmental issues throughout the country, particularly in the iron ore industry, have emphasized the need to broaden the analysis to include the combined impacts, or those forecast for a proposed region, on an existing environment. The most significant adverse environmental consequences of iron ore transportation are the deterioration of biodiversity and air quality (Kumar and Ajay, 2015)."

Jan 1, 2017

By R. D. Alorro, B. Tadesse, E. Aghaei

Cinnabar (HgS) and native mercury (Hg) are the most common naturally occurring forms of mercury found in most gold ores subsequently released into the environment during processing. Mercury and its compounds are extremely toxic and recognised as serious health and environmental hazards. This research investigates the possibility of mercury (Hg) removal from waste solutions from gold processing using iron-aluminium (Fe-Al) bimetallic particles. The synthesis of Fe-Al bimetallic particles using zero-valent aluminium and ferric chloride as precursors were performed following the optimisation of influencing factors. The presence of both metals in the prepared bimetals was confirmed by XRD analysis. The experiments for mercury removal by bimetals were designed using the central composite design and Minitab software based on two variables including contact time and adsorbent dosage. The best result of Hg(II) removal (>90%) was achieved using 4 g/L bimetals and contact time of 75 min. However, the statistical analysis of results indicated that these parameters have only a minor contribution to the removal of Hg(II) by Fe-Al bimetals. Higher bimetal dosage and contact time resulted in a higher Fe dissolution from the Al surface which can be attributed to the presence of nitrate (# $) ions in the solution. However, adding 0.1 M NaCl to the Hg solution had a positive impact on Hg removal by improving the conductivity and electron transfer within the solution. The Fe-Al bimetallic particles are promising substances for further testing of Hg removal from gold processing waste solutions with different conditions and constituents. Keywords: Mercury removal, gold processing, Fe-Al bimetals, optimisation

Jan 1, 2020

By B. McFadzean, N. Patterson, M. Becker, S. Geldenhuys

The retreatment of secondary tailings for platinum group metals recovery presents a range of potential challenges, which vary depending on the nature of the original ore and the type of pretreatment it was subjected to. These challenges include the prevalence of ultrafine particles, which promote slimes coatings on valuable minerals, hinder bubble-particle attachment, increase pulp viscosity, and lead to higher gangue entrainment; surface oxidation of minerals, which alters their floatability; and the presence of deleterious gangue minerals and residual platinum group metal species that are inherently difficult to recover by flotation. This study compares the batch flotation performance across a range of tailings samples from the eastern and western limbs of the Bushveld Complex. A complementary mineralogical analysis was conducted to gain deeper insights into mineral behaviour. The paper evaluates these findings to identify the key factors contributing to poor platinum group metal performance.

Mar 6, 2026

Mining executives often have a difficult task determining what the strategic objective of the business should be as this can be impacted by the prevailing market conditions. In addition, they have no mechanism to quantitatively 'test' the impact of this strategic decision on the business and understand the underlying dynamics. During the commodities bull run of 2003 to 2008 the strategic objective may have been to grow the long term value of the business (NPV) through increased tonnage, acquisition and finding new reserves, which all came with an increasing fixed cost base. Now with the financial crisis upon us and the collapse of commodity prices and demand, executives have adjusted their strategies as 'cash is king' and short-term cash flow, in some instances at the expense of long terms value, is the order of the day. For many mining companies, mine closures, reductions in production and cost cutting exercisers are now the focus. In many instances, management do not have an ability to rapidly test different strategic alternatives to 'test' the impact on value, unit costs, reserves and profitability at the operational level and optimize the underlying trade-off variables. Economic modelling of the complete business value chain is a means of linking the operational 'reality' and strategic choices, so that the full impact can be assessed. This paper describes some of the challenges facing mining executives and how economic modelling can be applied to make decision making more rigorous.

Jan 1, 2010

By F. Botha

South Africa is amongst the 40 driest counties in the world, with extreme weather conditions and beset by both droughts and floods. Coupled with economic growth is an increased demand on water resources and, as with all other industrial developments, mining requires large volumes of water, which is likely to have an impact on the environment. Further to this, the mining industry also realizes that minerals are a non-renewable resource and the contribution to wealth creation from mineral extraction is not everlasting. It serves as an economic boost and careful planning is required to ensure that the legacy of mining is sustainable, and that some of the returns from mining provide continual economic and social prosperity.

Jan 1, 2012