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By V S. Mutton, M J. Shearer

"The current economic challenges faced by the mining industry led to a review of options for reducing the cost of ventilation control devices (VCDs). The VCDs at the Mount Isa Mines site operated by Glencore in Queensland typically experienced significant damage on the operating levels and required expensive replacements. Ventilation controls can become damaged by the effects of stope firings. This paper discusses the nature of blast wave effects, giving consideration to distance from the firing and changes in mine geometry. The time taken to adjust the airflow on the operating levels with the current VCDs resulted in the loss of productivity opportunities. The mine site engaged an equipment supplier to collaborate on the development of a high-strength regulator to control the required airflows within its underground workings.The strengthened regulator proved to be cost-effective and provided additional benefits, including ease of use, simplicity of installation and speed of change in the control of available ventilating airflow. An added advantage of the re-engineered regulator compared to contemporary VCDs is its flexibility, which includes the ability to easily move mobile equipment into different ventilation districts where required without the need to remove the VCD from its location. This paper describes both the innovation and environmental sustainability approaches followed when developing the new regulator for its implementation at the site.CITATION:Shearer, M J and Mutton, V S, 2015. Advanced ventilation control – an analysis of innovation and environmental sustainability, in Proceedings The Australian Mine Ventilation Conference, pp 55–62 (The Australasian Institute of Mining and Metallurgy: Melbourne)."

Aug 31, 2015

By A Whaanga, W Vigor-Brown

IGO Ltd’s (IGO’s) Nova-Bollinger Deposit (Nova-Bollinger) is a magmatic nickel-copper-cobalt (NiCu-Co) sulfide deposit found 160 km east-north-east of the town of Norseman in Western Australia (WA). The deposit is hosted by the Mesoproterozoic rocks of the Fraser Zone, which is part of the Albany Fraser Orogen (AFO). Since mining commenced in 2016, IGO’s Nova Operation (Nova) has mined and processed to 31 December 2020, 5.63 Mt of ore grading 2.04 per cent Ni, 0.86 per cent Cu and 0.07 per cent Co. Nova’s mine geology team (MGT) has used commercially available implicit modelling (IM) and general-purpose resource modelling (RM) industry software systems, to prepare the 31 December 2020 (CY20) update of Nova-Bollinger’s JORC Code reportable Mineral Resource estimate (MRE). This CY20 MRE update was predominantly based on ~386 km of diamond core drilling, with the drill holes having a nominal grid spacing of 12.5 by 12.5 m throughout the mineralised zones of the deposit. Using IM tools, Nova’s MGT interpreted and modelled 22 separate domains from the drill hole logging, assaying results, and the MGT’s underground mapping. These IM closed volumes were then used to control the estimation of MRE variables into conventional industry digital block models using RM and other ancillary software systems. During 2021, a commercial machine learning (ML) software was trialled by Nova’s MGT for preparing block models of Nova-Bollinger’s MRE domains. The motivation for the trial was that the ML process could expedite modelling through the direct creation of a domain coded block model from the drill hole logging. Compared to the industry standard approaches of wireframing or IM, where the modeller usually makes many subjective choices to produce the domain model, ML offers a more objective ‘hands-off’ process for determining the connectivity of domains defined in drill holes. Additionally, the ML process provides a quantitative confidence metric associated with its output that may have utility in mine production and resource classification. In this paper, the results of the Nova-Bollinger ML modelling trial are compared to the MGT’s current workflow for MRE work. The MGT’s conclusions as to the advantages and disadvantages of the IM and ML methods for preparation of MRE domains are discussed. The ML software was also tested as a method of rapidly interpreting geology outside the principal zones of MRE interest. These testing results are also presented in this paper.

Mar 22, 2022

By M Hopkins, A Mutale, A E. Vidal da Silva

The Cliffs Nickel Mine extracts a narrow near vertical nickel vein using a mining method of underhand bench stoping with paste backfill. In 2014, at a depth of 400 m below surface, the Northern block of the mine began to experience squeezing within ore development. At first the deformation was localised, within 30 m of the stoping front, but later became pervasive extending across the Northern block and resulting in a hiatus in mine production. The global mechanism is a progressive pillar failure, where the inter-level pillars in advance of the production front could no longer withstand the induced load and progressively yielded. The local mechanism of failure was observed as crushing of the massive sulphide ore and ‘punching’ of the pillars into the ultramafic hangingwall exhibited as floor and sidewall dilation and unravelling of the mafic footwall. The cause of the global mechanism was attributed to a combination of factors, including: high overall extraction ratio, small vertical pillar heights between ore development, high stress in relation to the low rock mass strength, shallow stope front angle, and insufficient ground support capacity. Following the progressive failure, the remnant rock mass conditions across the northern block were severely degraded, with numerous falls of ground that led to a reassessment of the mine plan. Recovery of the Northern block started in 2016 as a staged process. Development of the safe recovery work methodology involved a number of considerations, such as: production sequencing, development access design, ground support, and development of specific procedural controls. The Northern block was then broken into smaller mining precincts based on tactical factors such as location, ease of access, scale of rock mass damage and nickel content. A specific ground support standard and work methodology are employed, while cycle sheets are used to ensure quality and completeness of work. Large intersections showing signs of deformation have either been bypassed or treated using Rocprops to maintain stability during stope production. This approach has been successful in safely regaining access and restarting production in areas that had previously been removed from the mining reserve.

Mar 15, 2021

By A K. Ghosh

"Inrush of water is always an issue, especially for mines located in heavy rainfall areas. Nowadays, mining companies and research institutes have developed many advanced technologies for study and analysis of hydrological processes. In this paper, an advanced method is introduced, which uses the Shuttle Radar Topography Mission Digital Elevation Model (SRTM DEM) data in the Geographical Information System (GIS) platform to simulate the stream distributions around two specific mines: Super Pit and Griffin coalmine in Western Australia. The impact of this approach is important because it reduces the time and economic cost by creating a high spatial resolution hydrological map in the specific areas. The study identifies the flow path of the run-off water, which helps in adopting a suitable water management plan surrounding the case study mines. The results match with the ground reality. Based on the results, the stream structure around Griffin coalmine is more complicated than that of Super Pit. The bifurcation ratio and drainage density are computed to estimate the subsoil permeability characteristics of the two mines. Recommendations have been put forward to prevent and reduce the potential risks of water accumulation around the open pit mines.Citation:Ghosh, A K, 2016. Application of Shuttle Radar Topography Mission Data in Hydrological Analyses of Super Pit and Griffin Coal Mine, in Proceedings Ninth AusIMM Open Pit Operators' Conference 2016, pp 162–169 (The Australasian Institute of Mining and Metallurgy: Melbourne)."

Nov 15, 2016

By B Belle, M Biffi

Cooling of coal mines in the Bowen Basin, characterised by steep geothermal gradient, is presently achieved mostly through rental surface bulk air cooling in summer months. This paper argues that future mines will be required to focus their cooling resources more intensively to manage a challenging thermal environment where virgin coal temperatures of over 50¦C at a depth of 500 m are expected. Currently, mine cooling systems are employed to maintain the wet bulb temperatures (WBT) to below 27¦C at which point the risks of heat stroke or other heat-related issues are manageable. The capacities of these systems are in the range of 6 MWR to 10 MWR. The relationship between high working temperature environments and injury frequency rates is well established. Therefore, provision of appropriate cooling strategies and understanding their optimum performance and suitability are important to Australian coal mines of the future. This paper evaluates the underground temperature profiles of deep, gassy coal mines with propensity for spontaneous combustion and proposes the long-term cooling pathways to effectively manage thermal hazards. Thermodynamic modelling is performed on a longwall face and includes air leakage effects from goaf streams at various locations along the longwall face. The strategy summarises the application of underground bulk air cooling, chilled water sprays on the shearer and the resulting temperature profiles. Considering the new mining projects planned for the Bowen Basin region, a review of implementable cooling strategies such as mid-gate mobile bulk air coolers (BACs), spot coolers, underground bulk air cooling and the use of chilled water to enhance the positional efficiency of cooling plants, are discussed in this paper. Finally, the comparison of ærentalÆ versus æownershipÆ of cooling plants is analysed as part of long-term cooling strategies.CITATION:Belle, B and Biffi, M, 2013. Cooling pathways for deep Australian longwall coal mines of the future, in Proceedings The Australian Mine Ventilation Conference , pp 223-236 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Jul 1, 2013

By S Whitton, W Wimmler, L Wimmler

“Given the increasing scrutiny of the mining industry and its relatively poor record with regards to mine tailings management, increased requirements to minimise water usage (often accompanied by very high costs of water) and the need to demonstrate achievable long-term closure strategies, it is likely that the option of a filtered tailings system will need to be considered in many operations in future.” (Australian Centre for Geomechanics, 2018). Given such a statement as a conference introduction, it is only appropriate that a range of potential technologies are investigated and compared, to create awareness for even underrated but appropriate technologies. The advantages and disadvantages of all technologies need to be considered and analysed. Suppliers are swift to promote their technologies advantages; however aspects of sustainability are not always fully understood. Perhaps a combination of two filtration technologies is appropriate. This paper delves into the technical details, good or bad, of four mechanical dewatering technologies in tailings dewatering and provides insight on an undervalued and, in the author’s opinion, young technology – the screw press.

Jul 1, 2021

By Wymer DG

The concept of hydro power in deep mines is based on the exploitation of the hydrostatic head that can be gained as refrigerated cooling water descends in shaft pipe columns from the surface, to provide hydraulic power for machines at the working face. This paper describes the work done on two important aspects of the controlled distribu-tion of the high pressure water within a mine, namely the control of pressure under normal operating conditions, and the control of flow in an emergency situation following a pipe breakage. Suitable methods of control have been determined using theoretical techniques to model the steady and unsteady flow behaviour of the water in the pipeline, and taking into consideration the environmental constraints on the types of control devices that can be used. The preferred approach is one in which the high pressure water itself is used as the control medium. The control valves themselves can be fairly conventional in design, but in the case of pipe break protection it is shown that a less conventional approach based on the use of a hydraulic fuse gives improved control performance.

Jan 1, 1985

Traditional vat leaching has been done on a batch basis, which involves loading the vats, leaching, drainage, washing, draining again, and unloading. As a result of these many steps and the attendent cost of labor, vat leaching is generally not an economic proposition. Also, like heap leaching, there is a tendency for channeling to occur within the bed, whether the leach solution flow is by percolation upwards or downwards. No doubt experimenters over the decades have been enticed by the idea of fluidization induced by upward flow through the ore bed. If the bed could be fluidized, then a continuous flow of material could be set up, dispensing with the high cost of loading and unloading the vat. A quick calculation of solution flow requirements, however, soon reveals that the volume of constant liquid movement necessary to sustain fluidization is prohibitive from a power and cost standpoint. The premise of the Mackie Vat Leaching Jig (MVLT) concept was that the large volume of liquid flow required for fluidization could be achieved instantaneously, and that during this small element of time, the solids would flow under the influence of the hydraulic gradient in the vat. If this procedure could be repeated in a cyclic manner, then a steady-state condition could be set up. Experiments in the laboratory demonstrated that solids flow could be achieved in this manner.

Jan 1, 1991

By K Gardner, R Fraval, V Singh

Using new technology to create optimised infill drill programs in underground or open pit settings, it is possible to quantify the value of a drill program. The computer designed programs are optimised to uplift the most amount of resource possible into the specified resource classification, while honouring geological, spatial, equipment and budgetary constraints. When designing ‘by hand’ balancing all these factors is a time-consuming effort with no real way to determine metrics on ‘how good’ a program will be. The optimisation considers many factors allowing geologists to apply critical thinking and domain knowledge to constrain the optimisation, letting the computer do the heavy lifting of determining hole placement. Once programs have been created, they can be integrated into a production schedule. This is a critical step in determining the correct sequencing and balancing of resource availability and seeing how a program will interoperate with other tasks in the mine. For example, if drill drives are a requirement for part of the program, will they be developed in a time frame that is useful for the goals of the program? Do we risk drilling infill holes too late to add value? Do we put production at risk by not classifying parts of the model ahead of time, thus adding to uncertainty? Using software to assist with optimising and scheduling of drilling is a useful technique to save the geologists from the mundanity of manually designing drill programs and puts metrics around the effectiveness of a program and has the potential to add quantifiable value to a program. Examples will be presented that demonstrate the effective use of drill hole optimisation, comparing manual designs with optimised designs, as well as the examples that show the effective use of scheduling.

Mar 22, 2022

By T Baumgartl, D Mulligan, R Haymont

Mining at the Mt Leyshon Gold Mine in semi-arid north Queensland stopped in 2002. Newmont Australia has recently initiated a thorough post-closure water management study of the site by revisiting the existing information and conducting new water-related investigations. The focus of this paper, which is the first publication on post-closure environmental management of the site, is an overview of the site water quality in view of the sources and spatial distribution of polluted mine water, and also the performance of cover systems in controlling water flux though mine wastes. Since the mine closed the rehabilitation of waste rock dumps and tailings dams have significantly improved water quality in the surface receiving waters. However, the Scats Stockpile, the Heap Leach and Old Plant areas, which can potentially produce acidic waters, enriched with heavy metals and arsenic, are the top management priority. Modelling of the potential transport of contaminants in groundwater needs further investigations. A detailed examination of the waters in seepage sumps showed high concentrations of manganese, cobalt, nickel and selenium, which were previously overlooked. The study also showed distinctive chemical signatures for waters at different locations: the waters draining from scats, supergene materials and waste rocks have distinctly lower pH and higher concentrations of dissolved iron, sulfate, heavy metals, Mg, Mn, U, Se and As. While, the tailings sumps are more alkaline, and are enriched in Na and Cl. The southern tailing sump is characteristically As rich. The waters draining from the supergene materials have higher Cu concentrations. Assessment of the cover monitoring systems showed that although covers pass the design criteria, automated recording of data may ignore any failure of the monitoring system. Recalibration of the moisture sensors not only showed realistic moisture values compared to rainfall data but also showed that the permanently installed system records values that are higher than those of the mobile system. Event-driven recording of data overlooks infiltration events. Besides, with a higher time resolution (daily measurements) the breakthroughs could be clearly detected. Modelling of the water balance in covers is underway and an example is given here. Newmont is currently reviewing water management options and is willing to share the lessons learned.

Jan 1, 2006

By T Arena

To maintain copper recoveries and maximise production at the Sepon Copper Operation it is crucial to control the amount of copper entering the leaching circuit. This requires close control of blending of the multiple ROM stockpiles to achieve the desired head grade. Grade variability in the ROM stockpiles can lead to significant variation in the processing plant copper feed grade.Head grade sampling from the milling circuit at Sepon is complicated due to milling in leach solution to preserve the water balance. Copper is present in both liquid and solid forms and copper in the added milling solution has to be accounted for. This leads to difficulties in manual head sampling which also introduces delays due to sample preparation and assay turnaround. On-stream analysis is complex because of the solution and solid copper and the need to account for recycled copper solution.This paper describes the complexity of feed grade management at Sepon and the application of on-belt analyser technology to assist in the control of copper metal throughput.

Aug 8, 2011

By Sutherland R. A, Rawling K. R

The Nanisivik Mine is located 750 km north of the Arctic Circle at the north end of Baffin Island in the Canadian High Arctic, and has been in production since 1976. The paper describes the regional and local geology and the current mining and mineral processing operations, including recent innovations in each area. The Nanisivik zinc-lead deposits comprise Mississippi Valley type sulphides in a block-faulted sediment sequence of Proterozoic age. The deposits formed in two mineralizing stages by replacement of the carbonate host rock. Exploration techniques adapted to the permafrost environment include high frequency EM and ground probing radar. Core drilling is done with calcium chloride brine but trials with heated flushing water indicate potential for cost reduction. The predominant mining method at Nanisivik is room and pillar. Cut and fill is used in some satellites to the main zone. Due to the permafrost, dry drilling is employed in the underground mining. The permafrost enhances ground stability, permitting large underground openings and, as a result, the use of relatively large scale mining equipment. For power conservation, a remote control system for the ventilation fans has reduced mine power costs. The milling of the simple coarse-grained ore in an arctic environment requires special techniques in the design and operation of the plant for materials handling, utilisation of waste heat, reagent selection and tailings disposal. Regulated heavy metal contents in effluents discharged to the sensitive environment are achieved by natural processes. A recent change from sub-aqueous disposal of tailings to beach type deposition within a cell in the tailings area is reviewed. Planning closure of the property presents special problems and an opportunity for innovative techniques. Approximately 25 per cent of the employees at Nanisivik are drawn from the Inuit population of the Canadian Arctic. As the first permanent industrial activity in the High Arctic some innovative approaches to employee relations were required which have resulted in a very stable, culturally mixed community in a remote location.

Jan 1, 1993

By D Flint, K Vague

The Work Health and Safety Act 2020 (WA) (WHS Act; DMIRS, 2020) and associated Work Health and Safety (Mines) Regulations 2022 (WA) (WHS Regulations; DMIRS, 2022), supporting guidance materials and other laws, such as the Sex Discrimination Act 1984 (Cth) (SD Act), have imposed new duties on every person or business conducting an undertaking (PCBU) in Western Australia, including those operating in the mining industry. These laws and associated guidance materials combine to require owners, operators and contractors to discharge positive duties and better report and manage psychosocial hazards in the workplace. For mine operators, there is a positive duty to not only identify and eliminate hazards relating to psychological harm, sexual harassment and gendered violence at work, but to also report incidents to the safety regulator that could result in serious harm, even while internal and police investigations are ongoing. Traditional mines safety teams are navigating the evolving frontier of psychological and gendered safety as the duties relating to psychosocial safety and sexual harassment at work continue to expand. This paper will review the legal obligations on PCBUs to conduct internal investigations into critical psychosocial incidents and gendered violence on mines, whilst balancing the demands and sensitivities of investigations by the safety regulator and police. There are emerging approaches to safety investigations that can aid PCBUs in managing their investigations of psychosocial incidents and gendered violence, including trauma-informed investigation techniques, collaboration with psychological experts and the use of limited legal privilege. Well managed and sensitive investigations can foster trust amongst workers, result in improved incident reporting by workers and lead to enhanced safety outcomes for the resources industry whilst preserving the legal positions of involved PCBUs. Specifically traversing the new duty to consult, cooperate and coordinate, this practical session will arm mine managers, safety professionals and human resources professionals, from mine operators and mining contractors alike, with tools and processes to bring to safety investigations, particularly on residential mine sites.

Apr 16, 2024

By A Llewellyn, M Varvari

The ventilation circuit at the FrogÆs Leg Mine was originally designed to permit mining to progress down to 440 m below surface at a maximum production rate of 500 kt/a, as per the feasibility study. The FrogÆs Leg resource has now been defined down to 640 m below surface at a maximum production rate of 750 kt/a. In order to allow for this increase in production depth and tonnage, it was necessary to upgrade the ventilation circuit.This paper outlines the upgrades to the ventilation circuit that were undertaken and the underlying rationale behind them.CITATION:Llewellyn, A and Varvari, M, 2013. Ventilation upgrade at the FrogÆs Leg Mine - Case study, in Proceedings The Australian Mine Ventilation Conference , pp 95-102 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Jul 1, 2013

By M Allen

By its nature, the mining industry is energy and emissions intensive. In the future, the world will still require the outputs of mining but the industry will need to adapt to the low emissions economy. Understanding the risks of climate change to a particular site or at a company level is key to managing this transition.CITATION:Allen, M, 2018. Assessment of climate risk in the Australian mining industry, in Proceedings Life-of-Mine 2018, pp 13–16 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Jul 25, 2018

By Manca PP, Rossi G, Lipari D, Knissel W, Massacci G, Licheri P, Fioravanti E, Helms W, Lai S

Mining of the massive complex sulphides orebodies of Campo Pisano and San Benedetto (Southern Sardinia, Italy), dates back to before Christ, though their exploitation with modern technology was only resumed in the middle of the last century. The increasingly adverse economic conditions and the weakness of both country rock and mineralization were concurrent in forcing the Company's management to develop suitable high-productivity stoping methods. In the framework of a project fi- nanced in part by the Commission of the European Coranunities, and carried out in cooperation with the Universities of Cagliari (Italy) and Clausthal (Germany), a cemented backfill stoping method was developed. The concrete mix preparation and placement facil- ities, study of the cement mixes and endeavaa-s to optimize the methods are described. The monitoring system for measuring stress evolution within the emplaced backfill is illustrated together with the successful replacement of part of the Portland cement

Jan 1, 1992

By S R. Williams

There is a sense of geometallurgy being new; a new methodology for mining project development and improved operational strategy. One of the main challenges that any ænewÆ technology faces is a validation of the value and the need to produce case studies. However, producing case studies can often be problematic particularly given the long cycle from mineral deposit project, through feasibility and construction to stabilised operation of a mine.However, the roots of geometallurgy go back quite some time. Successful practices with geometallurgy can be seen from as early as the 1980s. Many times those practices were not called geometallurgy but something else and, in other cases, what can be seen are various components of the geometallurgical ævalue chainÆ.This paper will analyse a selection of published past practices from a geometallurgical perspective to demonstrate the value realised from the application of this methodology. The paper will then make some general comments on where this history of work in geometallurgy has lead us to and what are the challenges today for the geometallurgical effort.CITATION:S R Williams, 2013. A historical perspective of the application and success of geometallurgical methodologies, in Proceedings The Second AusIMM International Geometallurgy Conference (GeoMet) 2013 , pp 37-48 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Sep 29, 2013

The sulphide ores of the Kalgoorlie goldfield have long been looked upon as' refractory, involving special metallurgical treatment. For many years two kinds of treatment have been practised-(l) wet treatment, including fine grinding, amalgamation or concentration of the free gold, concentration of the sulphide minerals with subsequent roasting and cyanidation, and cyanidation or bromo-cyanidation of the residue from the concentrating operation; (2) dry-crushing of the ore and roasting the whole of thecrushed ore, amalgamation of the gold in the calcine during fine grading, followed by cyanidation. The wet treatment was advanced a stage further when, in 1929, the Lake View and Star Ltd. adopted large scale flotation. As a consequence, however, further metallurgical problems were introduced. This paper covers the investigation, ,of one of the most prominent of these problems.Flotation preceded by strakes was satisfactory to a point.The flotation concentrate consisted largely of auriferous pyrite and tellurides, and the gangue minerals in the concentrate were practically barren.Several sources of loss of gold values were, however, found to be associated with this circuit, viz.-(a) There was the loss of gold in the flotation tailing.(b) Loss by dusting during roasting of the flotation concentrate.(c) Loss of gold in the cyanided residue.

Jan 1, 1937

By M Kim, J Park, I-K Suh, E Kim, J Lee

One of the key technologies in developing hydrogen-enriched ironmaking operations is the control of the carburisation, melting, and dripping behaviour of the iron ore burden materials. When a hot compacted iron (HCI) is charged in the blast furnace or the FINEX Melter-Gasifier, iron oxide reduction, the reduced iron’s carburisation, and the melting of iron and slag occur successively. This study investigated the reduction, carburisation, melting and dripping behaviour of HCI under a COH2 gas mixture using the high-temperature X-ray radiographic technique. Under 100 per cent CO gas atmosphere, the dripping temperature was 1410°C. When 5 per cent H2 was introduced, the dripping temperature slightly decreased to 1400°C. Furthermore, the dripping temperature gradually increased as the H2 gas composition increased. As 30 per cent H2 was introduced, the dripping temperature reached 1414°C. The carbon concentration in the drained metal samples gradually increased with increasing H2 composition. It is considered that H2 decreased FeO content in the slag, yielding the increased melting temperature and viscosity of the slag. On the other hand, H2 accelerated the carburisation of the reduced iron by CO gas, enabling the homogenisation of the oxide materials to form a liquid phase. Therefore, it is considered that introducing H2 in the reactor is helpful to increase productivity and energy efficiency by accelerating the liquid phase’s formation.

Aug 21, 2024

By S Watson, L Martinez

Mine projects are complex opportunities that demand a constant assessment of uncertainty, ie risk and upside potential. This is because the value of a mine project is typically influenced by many underlying economic and physical uncertainties, such as metal/mineral prices, metal/mineral grades, costs, schedules, quantities, and environmental issues, amongst others, which are not known with much certainty at the beginning of the project. But, is uncertainty an enemy or an ally of the mine planner/analyst? To answer this question, this paper first assesses and elaborates upon the general concept of uncertainty. It then looks at the different sources of uncertainty in a mining project, such as the orebody, costs and product price uncertainties, and their effect on the final project value. Next, a general?review?of current mine evaluation techniques highlighting their limitations when dealing with uncertainty is made. Finally, an extended evaluation and risk management framework that addresses the existing uncertainty in the (greenfield/brownfield) mine evaluation process is proposed. One important characteristic of this framework is that it uses and manages uncertainty in order to generate additional value to the project; this is done through operational and managerial flexibility, which allow mine planners to minimise/maximise project risk/upside-potential giving a more realistic estimate of the projectÆs market value - this is shown in practical and simple examples occurring at different stages of a mine project, such as exploration and operation. Final conclusions are provided at the end.CITATION:Martinez, L and Watson, S, 2012. Uncertainty - An important source of (additional) value for mine projects, in Proceedings Project Evaluation 2012 , pp 131-140 (The Australasian Institute of Mining and Metallurgy: Melbourne).

May 24, 2012