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By A Galli

Traditionally pit optimisation and scheduling is carried out assuming that the resources, the commodity prices and production costs are all known. Once the pit contour and the mining schedule have been determined, geostatistical simulations can be used to assess the impact of the uncertainty in the resources on the pit design and the schedule, and likewise stochastic simulations can be used to test its robustness to fluctuations in costs and prices. But it would be more interesting to have a dynamic procedure for optimising the pit as the resources become better known and as economic factors such as commodity prices and costs evolve over time. This paper presents a novel approach for doing this. Rather than working with millions of small selective mining units, it was decided to work with large blocks, called macro-blocks. Mining sequences are defined as the quantities to be extracted from each macro-block in each time period. Feasible mining sequences are mining sequences that respect the accessibility constraints, and also the geometric constraints on the amounts that can be extracted from any one block over time, or from all the active blocks at a given time. Having defined feasible mining sequences, their mathematical properties were studied. It was found that natural breakpoints occur in the sequences when one set of blocks have been completely mined out, thereby opening up access to others. It was discovered that families of sequences exist, and that they are convex and closed under certain types of row permutation operations. Convexity is an advantage when optimising. The closure property opens up the possibility of mixing and matching subsequences of rows in the sequences. Another interesting property is that the sequences form branching families, rather like the binomial and trinomial trees used to model prices in finance and in real options.It is easy to generate large numbers of feasible mining sequences randomly. A two-step procedure is used to find the best one (or the best few) using three economic criteria: expected NPV,the probability of a negative NPV, and the percentage of years when the cash flow is negative. The procedure was tested on a synthetic gold mine based on the characteristics of the Essakane mine in Burkina Faso. The results were encouraging.

Sep 26, 2011

By H Park, V Sahajwalla

"Due to the increasing amount of gangues in iron ores, a beneficiation process is required more as a preliminary step for ironmaking process. However, mechanical grinding and washing of iron ore needs tremendous effort that increases operating cost. Therefore, there is a necessity of a novel approach to ironmaking which can tolerate considerable amounts of silica or alumina. In the present study, a high alumina-carbon composite pellet was examined for an ironmaking process. The effect of compositional changes in the CaO-FexOy-Al2O3-SiO2 oxide system on the reduction of carbon composite pellets was investigated in a purpose built thermo-gravimetric analyser (TGA) at 1473K (1200¦C). As a result, alumina increased the reaction rate of carbon composite pellets by increasing surface area, while silica decreased the reaction rate by lowering surface area of samples. Infrared gas analysis assisted with the reaction kinetics of carbon composite pellets through measurement of CO and CO2 in off-gases. This study will assist with establishing the new pelletising method which differs from the conventional fluxed pellets.CITATION:Park, H and Sahajwalla, V, 2013. Effect of CaO-FexOy-Al2O3-SiO2 oxide system on the reduction of carbon composite pellets, in Proceedings Iron Ore 2013, pp 467-472 (The Australasian Institute of Mining and Metallurgy: Melbourne)."

Aug 12, 2013

By M Sciortino, J Korczak, J Muinonen, A St-Jean

The Dumont deposit is a large (1179 Mt reserve), low-grade (0.27 per cent nickel) nickel sulfide project located in the Abitibi region 25 km west of Amos, Quebec. Royal Nickel Corporation (RNC) acquired the project in 2007 and has since taken the deposit through to feasibility. The disseminated nickel sulfide and alloy mineralisation is hosted within the serpentinised dunite subzone of the Dumont Sill; a differentiated, pervasively serpentinised, ultramafic sill of komatiitic affinity. Pentlandite ((Ni,Fe)9S8), heazlewoodite (Ni3S2) and awaruite (Ni2.5Fe) are the dominant nickel-bearing metallic phases and can be recovered by conventional methods (flotation, magnetic separation). Non-recoverable nickel is also present within serpentine and olivine of the silicate matrix.A detailed mineralogical program including 1420 QEMSCAN« samples and 4400 electron microprobe points was undertaken to increase the understanding of the nickel deportment in the various recoverable and non-recoverable phases in a spatial context across the deposit. A total of 105 metallurgical tests have been performed under a standard procedure which have linked the mineralogy to metallurgical performance. This has allowed the creation and modelling of geometallurgical domains on a block-by-block basis to understand the recovery variation and metallurgical performance throughout the deposit. Understanding the spatial variability of Ni deportment in recoverable and non-recoverable phases through mineralogy is the key to understanding metallurgical performance, thus unlocking the value of the Dumont deposit and other large tonnage low-grade ultramafic nickel deposits.CITATION:Sciortino, M, Muinonen, J, Korczak, J and St-Jean, A, 2013. Geometallurgical modelling of the Dumont Deposit, in Proceedings The Second AusIMM International Geometallurgy Conference (GeoMet) 2013 , pp 93-100 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Sep 29, 2013

By G Burton, S Fityus, J Li, S Vaughan, D Payne

Daunia and Caval Ridge coal mines, owned and operated by BHP, have been co-disposing rejects and dewatered tailings within spoil dumps from the beginning of their operations in 2013 and 2014, with the purpose of minimising environmental impact and geotechnical risk. Following the recent large failures of tailings dams around the world, BHP Coal, through its Coal Tailings Program, plans to transition other coal mines to deliver “dry” tailings and produce mixed plant rejects (MPR) for inpit co-disposal. This will materially reduce future tailings dam risk exposure. Previous laboratory shear strength testing was conducted on rejects with a maximum particles size of 20 mm, and some concerns were raised that this might not represent the mechanical properties of the actual full particle size distribution (PSD) rejects. BHP was also aware that using different technologies to dewater the tailings, such as belt press filters (BPF) and solid bowl centrifuge (SBC), could produce thickened tailings which could significantly modify the physical behaviours of the MPRs, particularly the bonding between particles. Therefore, laboratory testing on both coarse rejects and mixtures of the coarse rejects and dewatered tailings (MPRs), with full PSDs, was carried out. Testing was performed using the large direct shear machine developed by the Australian Coal Association Research Program (ACARP) project C20019 in 2017, as well as a 300 mm diameter triaxial apparatus at the University of Newcastle (UoN). This paper presents details of the laboratory testing program and results for the rejects from the first studied mine of the BHP Coal Tailings Program. It compares the shear strengths measured at full scale with those tested on modified (scalped or crushed) specimens in the past; and discusses the tailings dewatering technique selection from geotechnical aspects based on the testing results, and finally presents some dump and tip head stability analysis results using the testing results.

Jul 1, 2021

By M R. Asef

Although generation of environmentally harmful hydrogen sulfide is considered to be related to sour gas fields, sweet gas reservoirs and waste fluids, travertine springs and geothermal fields may also produce acid gas (H2S and CO2) under certain conditions. The potential parameters influencing such a possibility need to be fully investigated to evaluate the extent of the consequences and predict hydrogen sulfide generation accordingly. Reports on hydrogen sulfide production at different regions and fields were gathered worldwide for the cases when some of them did not have such a problem previously. In order to inspect different aspects of these case studies, some other regions with no hydrogen sulfide content were selected as control. In all cases water samples were taken carefully for chemical analysis in the laboratory. Besides, mineral compositions were characterised in some cases for better evaluation. In order to give a thorough prospect of hydrogen sulfide production, a geochemical model was prepared. In situ engineering geological conditions, especially pressure and temperature, were assigned in the model to investigate the possibility of H2S generation using PHREEQC software. The results of modelling revealed that although many similarities existed between mineral compositions of the cases, certain formations were particularly prone to hydrogen sulfide generation. For better evaluation, important exchangeable cation ratios such as potassium/sodium, calcium/magnesium and ion proportions like sulfate and chloride were calculated as trends of the formations. As expected, the model could successfully monitor a higher ratio of SO42- and Cl- in potential H2S generator formations. Wide variation in percentage of HCO3- was considered as a secondary observatory parameter for better estimation. In addition, it was noticed that higher anion content created an environment ready to absorb any cations and this makes H2S generation easier. Finally, using correlations between predictors and estimators for low depth and deep samples defined the degree of effectiveness for every sample.

Sep 26, 2011

By L Mariano

Three selected iron ore samples from the major bedded and channel iron deposits of Western Australia were analysed using a scratch test commonly used in the oil and gas industry. The portable commercial equipment dubbed Wombat cuts a groove on the surface of the sample with a cutter under imposed depth of cut and cutting velocity. The normal and tangential components of the force acting on the cutter are recorded with a high degree of precision (about 1N) at fine spatial resolution of about 20 measurements per millimeter.The intrinsic specific energy inferred from the scratch test measurements is found very well correlated with a classical measure of strength such as the uniaxial compressive strength, for over 300 sedimentary rock samples.The results obtained on the iron ore samples are comparable to those obtained on oil and gas sedimentary rocks. This method could provide an objective and semi-automated measurement of material strength and brittleness in iron ores that can possibly be correlated to the lump to fines ratio.

Jul 11, 2011

With the theme of û æUnderground Ore Handling SystemÆ, Kopanang Mine completed an extensive project on a specific system with technologies for the handling of ore from a dedicated drawpoint to the shaft system. The intended rail haulage tramming system had to be capable of handling the shaft design and Life of Mine (LOM) requirements. Kopanang is an AngloGold Ashanti gold mine situated in the province of the Free State in South Africa. In the Sotho language the name æKopanangÆ means to come together as a team. ItÆs an appropriate name given that 25 companies worked on this project. The future focus at Kopanang is to establish four mining levels between 3 to 4 km south-west of the shaft and two mining levels to the west. The mine has an expected life of almost 20 years and capital was approved in order to access this reserve to establish the infrastructure to handle the ore, hence this exclusive rail haulage tramming system of close to R40 million (SA rands), which took three years to construct. Apart from the fact that this system had to be capable of handling 6500 t per shift at a depth of over 2 km over a length of 3.2 km, some of the major considering factors were: safety, economic factors with improved labour productivity, efficiency and reliability, risk termination, and ergonomics. The system comprises two 20 t locomotives operating in a double header configuration from a dedicated draw point to a dedicated tip area for the reef and waste ore. With the objective of handling high speed and high capacity, this 200 t payload train is capable of running at 35 km/h powered from a 500 volt ac overhead line. Each loco consists of two 90 kW dc motors with ac/dc power conversion on the locomotive. For the system to operate at this speed, the rail system is constructed with Class 1 rails over the entire hauling distance. The tipping mechanism is unique and the span of 11 hoppers each with a load of close to 20 t is capable of tipping the pay load of 200 t in about 20 seconds hands free.

Jan 1, 2005

By B Roache

Ground support installation into the face of development headings has become an accepted practice at many Australian hard rock mines. Ground support is installed in the development face to reduce personnel exposure to rockfall while conducting work tasks such as marking up, installing lifter tubes, charging, and face sampling. The ground support system installed in the face is typically friction bolts and mesh. This support system can be effective at reducing rockfall occurrence, but it also increases the cost of development per metre, in terms of capital for the ground support, jumbo and operator capital allocation and the installation time slowing each drill and blast cycle. Other issues associated with meshing and bolting the development face include management of rock bolts and mesh sheets in the fired dirt of every cut, damage to services such as vent duct, geometry issues when installing ground support onto irregular development profiles and operator error. Fibrecrete installation onto the development face for support is an option considered by many mines, but it can be difficult to manage due to the removal of visual indications of misfires and slowing the mining cycle due to the wait time for fibrecrete curing. The use of Thin Spray Liner (TSL) products in underground hard rock mines has been relatively infrequent in the past, mainly due to issues with cost, health and safety, and liner strength. Kanmantoo Mine investigated the use of TSLs for the purpose of development face support, while collecting data on the costs and practicalities associated with their use. Several TSL products were trialled and a preferred TSL product was selected for use as face support. Cost savings, drill and blast cycle timing improvements and other benefits were achieved while meeting the requirement to reduce rockfall risk.

Mar 29, 2023

By D J. Brake

The underground metalliferous mining industry continues to change under the influence of many factors including, to name a few, new mining techniques and equipment, new approaches to risk management, more stringent safety and health standards, new employment practices and orebodies become deeper and often lower grade. In addition, the same technological revolution and plummeting cost of technology that has brought the GPS, smart phones and digital cameras to the general population is also working its way through the mining industry impacting on communications, automation and process control as well as introducing major efficiency and productivity dividends. However, not all factors are positive including, in particular, the issues of carbon costs and electrical power. This paper explores some of the trends affecting ventilation in hard rock mines, some of the existing and likely future challenges and some of the potential future solutions to these issues.CITATION:Brake, D J, 2013. Ventilation challenges facing the metalliferous sector, in Proceedings The Australian Mine Ventilation Conference , pp 3-12 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Jul 1, 2013

By Moorrees C

Tests show how that temperature and rate of sparging to remove carbon dioxide determine the rate of precipitation and the chemical and physical properties of hydrated magnesium carbonates precipitated from clarified magnesium bicarbonate liquors derived from crude magnesia. At temperatures above 55°C the product is largely in the form ofhydromagnesite, Mg5(C03)4(OH)2.4H2O Between I5°C and 55°C the major product is nesquehonite, MgCO3·3H2O, although partial hydromagnesite precipitation can be induced by a high rate of aeration.As a result of the reduced time required to bring about greater than 95 per cent magnesium precipitation, the higher MgO content of the product, the ease of product recovery from the precipitation vessel, and the lower energy requirement for thermal decomposition of the precipitate to magnesia, it is preferable to precipitate hydromagnesite rather than nesquehonite. Moreover, the magnesia produced from hydromagnesite is somewhat more reactive than that formed from nesquehonite.Using precipitate calcination temperatures less than 1000°C, the chemical reactivities of the magnesias formed from both precipitates are greater than those of the crude magnesias derived from Savage River magnesite itself. The magnesias would be suitable for most uses developed for caustic-calcined magnesia. However, for refractory brick manufacture, it would be necessary to briquelle the caustic-calcined magnesia. adjust the CaO and SiO2 contents and sinter at temperatures in excess of 1600°C. This would bring about an increase in the bulk density and induce the appropriate chemical bonding reactions.Dead-burned magnesia produced from Savage River magnesite by the calcination/carbon dioxide route would have very low B2O3 contents, typically less than 0.0001 per cent.

Jan 1, 1985

By B Stump

Reliable particle size analysis in minerals processing plants is a critical factor to the economic return of a plant. As recovery of valuable minerals is compromised for particles outside the optimal size range, effective and reliable particle size analysis is more crucial than ever, particularly in the current upswing of the global commodities market. Inefficient particle size analysis can lead to excessive over-grinding, thereby significantly increasing energy consumption and reagent costs, whilst negatively affecting process operation, thickening capacity, water recovery and tailings disposal.Australia’s first installation of a particle size analyser in Iron Ore has been monitored with great interest by the industry. Previously, manual size sampling at Rio Tinto’s Paraburdoo fines processing plant involved off-site sample analysis, with a turnaround measured in days. The Outotec PSI® 500 particle size indicator, commissioned in July 2009, takes approximately three minutes per line at site.The paper will include details on the following:• plant description,• sampling design,• PSI® 500 analyser functionality description, and• key learnings from site.

Jul 11, 2011

By Ely K. W

On January 21, 1986, a methane ignition and subsequent mine fire occurred in the under- ground workings of the Jim Walter Resources, Incorporated No. 3 Mine located near Adger, Alabama. The fire, which began on a longwall face and eventually spread into the adjacent gob area, could not be extinguished directly and raged out of control for several hours. Sealing operations were begun underground by Mine Rescue Teams and the fire area was successfully sealed with the mine able to resume production in about one month. The No. 3 Mine liberated over sixteen million cubic feet of methane in twenty-four hours. The operation was unique, in that, the successful underground sealing of a fire in an ultra-gassy mine had not been attempted or com- pleted for several years. Maps and charts are included to give explanation of the typical data used to manage the recovery effort.

Jan 1, 1988

By A Salama, J Greberg, B Skawina

In today’s underground mass mining, the orepass is an important part of the infrastructure as it connects two or more mine levels and is used for conveying or storing large amounts of material. One of the main risks related to an orepass is when operational or structural failure occurs, leading to long-term loss of functionality. Developing or rehabilitating an orepass when major failure has occurred is a time-consuming and expensive operation, and the risk of a long-term orepass loss motivates the development of alternative transportation strategies to ensure the continuation of smooth operations in large underground systems. The study presented in this paper has been done at the Loussavaara Kiirunavaara AB Malmberget mine in Sweden, where iron ore deposits are being extracted using sublevel caving. The study analyses the transportation system in one of the mine’s orebodies using discrete event simulation, with a focus on maintaining ore transportation in the event of the loss of an orepass.CITATION:Skawina, B, Greberg, J, Jonsson, K and Salama, A, 2016. Orepass loss mitigation approach in Malmberget mine, in Proceedings Seventh International Conference and Exhibition on Mass Mining (MassMin 2016), pp 617–622 (The Australasian Institute of Mining and Metallurgy: Melbourne).

May 9, 2016

By E C. F Hamman

Sunrise Dam Gold Mine is a large open pit mine 730 km NE of Perth, Western Australia. Contract mining commenced in the open pit in September 1996 in lake clays and saprolites with the first fresh rock mined late 1999, and the underground starting the first decline in October 2003. By May 2007, over 150 million cubic metres of material had been mined and the pit was 360 m deep with 80 m remaining before reaching the planned final depth in early 2008. A final cut-back in the northwest will commence in late 2007 with open pit mining in the Mega Pit expected to conclude in late 2010. The challenges of developing the pit can be divided into three phases:Soft materials û mining was in multiple staged pits and cut-backs in lake clays, saprolites, weathered material. The varying characteristics had a significant impact on mining methods and slope stability. Structural û mining was gradually exposing more fresh rock and the drive was to understand how major structures and lithological contacts impact on local and large-scale stability. This had a significant influence on mine design and scheduling. Slope angles û achieving the final slope angle is critical. This is done through application of high standards of final wall establishment and proactive geotechnical hazard identification and management. This includes dealing with the rapid rate of descent, interaction with underground excavations and managing rock fall risk. The paper discusses each of these phases, highlighting the geotechnical controls implemented to date, looking at their success and impact on mining.

Jan 1, 2007

By J Hutchings

An essential component to the management of any process is the measurement of key parameters, used to monitor, control, and provide the feedback necessary for improvement. This paper discusses how data collection and analysis can provide a better understanding of the blasting process, as well as additional control and improved outcomes.The drill and blast process involves the generation and use of information at a number of levels. Comparison of historical parameters and results provides a starting point for the development of ongoing blast designs and a baseline against which future results can be compared. The collection of data during implementation provides a quality assurance/quality control (QA/QC) function where potential defects (such as under-drilled or over-charged holes) can be rectified prior to firing. Actual quantities and production rates allow the development of realistic plans and schedules, rather than using inaccurate estimates and targets that lead to unscheduled changes to equipment paths. Over?the past several years there have been a number of technological advances in data collection technology. Drill monitoring instrumentation on blasthole drills provides location information and feedback on rock properties as drilling occurs. Hand held ‘data logger’ technology has also overcome the challenges of working on the bench, such that blasthole measurements can be collected and forwarded directly to the explosive truck. Mine sites are becoming wireless network-enabled allowing the seamless data transfer from the field back to the office, in near real time, as that information is collected. Great strides have also been made in the development of drill and blast software systems which are more user friendly, and yet provide far greater capability to manage the quantity of data generated. The blasting process is critical to the overall mining process and the delivery of a successful blast outcome requires that the blasting process be ‘in control’. The measurement of key parameters can provide the data with which to measure and maintain control of blasting, and allows the validation of performance improvement measures and identification of improvement opportunities.

Nov 8, 2011

The process of mine planning at AnacondaÆs nickel and cobalt laterite operation located at Murrin-Murrin in the Northern Goldfields of Western Australia is carried out in a number of stages in an endeavour to determine the optimum mining sequence in order to maintain supply to the 4 Mtpa plant subject to operational constraints. The 296 Mt @ 0.99 per cent Ni and 0.064 per cent Co ore reserve (based on a cut-off grade of 0.8 per cent Nickel) is spread geographically widely over three regions comprising Murrin North (15 km + 15 km), Murrin South (7 km + 16 km) and Murrin East (5 km + 13 km) (refer Figure 2). The nickel mineralisation has been broken up further within each region into 18 separate manageable block models representing the 32 different deposits. The models are based initially on the 50 m + 50 m resource drilling for long term planning and updated with 12.5 m + 12.5 m grade control drilling prior to mining. Each of the individual block models are optimised using Whittle 4X software to provide the shells used as the basis for each of the 126 pit designs. The pits are generally nested with starter pits targeting the higher value shells with subsequent pits incrementally cutting back ultimately to the life of mine shells. A series of steps including: the coding of the individual pits into the block model; data export; TCL scripting (to calculate additional economic and tracking information); importing; and re-blocking; completes the transfer of the data into a MineMax (mixed integer linear programming schedule optimising software) model. Using MineMax and the application of operational and production constraints allows the optimisation, assessment and economic evaluation of alternative scenarios in order to determine the optimum life of mine plan and schedule.

Jan 1, 2003

The constraints in university courses are lack of hours, high cost of scientific equipment, and poor availability of suitably experienced staff. These have forced the balance away from practical work and towards more theory. Labelling of individuals as either practical, or academic, does not help the inter- change of staff between industry and univer- sities that is necessary to balance idealism and realism. Practical men who do return to universities may lose seniority and find that industry is reluctant to have them back. Academics who specialise too long may concentrate on their research to the exclusion of basic material. It is difficult to operate pilot scale plants in universities because of lack of time, and obsolescent equipment. Small grants from industry might enable tests to be run in research laboratories such as at C.S.I.R.O.. Within universities there may be a need for greater interchange of students among depart- ments, aided by the absence of weighted student unit measurements, as suggested by Aus.I.M.M. and A.M.I.C.

Jan 1, 1984

By MáAndrusiewicz, M M. Hilden, M S. Powell, P D. Kay, B Foggiatto

Circuits with unconventional and potentially more complex designs are predicted to become more common in the future as plant designers and operators look to process ores more efficiently. Ideas have been presented on how circuit design may be changed to utilise todayÆs technology to address tomorrowÆs challenges (Powell and Bye, 2009; Powell, Benzer and Mainza, 2011a). High pressure grinding roll (HPGR) installations in various configurations; application of preconcentration plants eg sorting, magnetic or gravity separation; and preweakening devices eg microwave processing; are all examples of technologies having the potential to deliver a significant reduction in comminution energy for ores amenable to these processes. Not only will future novel circuits contain equipment for which models are not as well developed (if at all), many will likely require the ability to respond to variations in feed, and interact with geometallurgical models requiring process adjustments when the ore characteristics change.In order to confidently simulate more complex circuits and accommodate variations in feed type, a significant advancement in modelling and simulation capability is required. This includes dealing with multiple components in the feed, accommodating different competencies of ore, utilising physical separation opportunities and tracking the grade reporting along the different potential processing routes. Developing the means to simulate complex circuits has been a key priority of a collaborative group of comminution researchers working to solve these challenges.Simulations are presented utilising a new configurable simulation interface called the model developers kit (MDK). The MDK is designed to accommodate multi-components and incorporate new models under development. These will be used to demonstrate the potential of flexible circuit design, based on measured ore properties and equipment performance.CITATION:Foggiatto, B, Hilden, M M, Powell, M S, Kay, P D and Andrusiewicz, M, 2012. Simulation of flexible circuits, in Proceedings 11th AusIMM Mill OperatorsÆ Conference, pp 291-298 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Oct 29, 2012

By S Shafiee, N Abbate

The evaluation of mining projects requires a methodology that will give flexibility and manage the existing uncertainty within the projects. The discount cash flow (DCF) and other traditional evaluation approaches, which are widely used in evaluating a significant number of mining projects, have simply assumed that the main variables remain constant in their evaluation; elements such as discounted rate, mine life, operating cost and production rate. The DCF ignores managementÆs flexibility to adapt and reforecast and revise decisions. Real options valuation (ROV) is one of the modern evaluation methodologies that provide a tool to adapt and revise mining projects under uncertainty and future variables movements. ROV brings more variables into the evaluation model compared to DCF and assumes them as uncertain and dependent. Finally, ROV provides a range of solutions that can assist in managing this flexibility.This paper endeavours to compare ROV and DCF for mining projects comprehensively and applies these two techniques in the model. The paper shows that ROV will be inclusive of extra value in mining projects due to variables not allowed for, or even ignored, when the DCF model alone is used. One of the significant advantages of the ROV method is being able to evaluate mining projects under different scenarios from the inception of the projects. Furthermore, ROV gives the ability to evaluate the mining project while allowing for abandonment, temporary suspension, or expanding the mining project. In other words, the ROV evaluation process creates an analytical environment, which allows for optimisation of the mining plan within the mining project, as well as the ability to change the capital structure dependant on existing circumstances over the life of the project. The ROV is a new evaluation method that can add value in mining project analysis and offers opportunities to amplify gains, or to mitigate losses. This paper also discusses some of the reluctance to use ROV instead of DCF in current project evaluation.CITATION:Shafiee, S and Abbate, N, 2012. Now, this is the time for mining companies to choose - Real option valuation or discount cash flow, in Proceedings Project Evaluation 2012 , pp 225-234 (The Australasian Institute of Mining and Metallurgy: Melbourne).

May 24, 2012

By D Baas, D Bennett

This paper describes how Brisbane-based PanAust Limited develops process control strategies that are implemented at all operations and are used in functional descriptions for plant upgrades and new projects.The process control strategies are determined by operating management philosophies designed to maximise returns from the company’s assets.The approach is endorsed in the project planning and design phases to ensure facilities and equipment that form the major production assets are fit for purpose and capable of enabling the production managers and operators of the projects to maximise shareholder returns.PanAust’s process control approach has been to develop sets of process control standards which focus on two key areas. The first area covers hardware requirements and architecture, software objectives, control models and individual loop tuning methods. The second area defines control room layout, graphic standards and the alarm philosophy. The application of these standards in a new plant or upgrade decreases the time required to achieve design capacity and optimal performance.The PanAust process control strategy changes the operator’s role from one that controls a number of individual loops to one that sets the control objectives of the processing plant. To achieve optimal performance, all the process areas of the plant are analysed to identify opportunities to improve throughput, recovery and stability. Once a key opportunity is identified, a process control strategy is developed which defines the objective of the control, its functionality and how an operator will interact with it. After development of the control model the operators assist engineers to test and debug it. Once the model is robust, it can then be duplicated throughout the group and developed as a group process control standard.CITATION:Baas, D, Bennett, D and Walker, P, 2014. Developing process control standards for optimal plant performance at PanAust Limited, in Proceedings 12th AusIMM Mill Operators’ Conference 2014 , pp 325–334 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Sep 1, 2014