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By R O. Laidlaw, J L. Mauk

The Coeur d'Alene mining district in northern Idaho, USA is the second largest producer of silver in the world. Mesothermal silver-lead-zinc veins occur in the metasedimentary rocks of the Belt Supergroup with five main types of associated hydrothermal alteration: 1) feldspar destruction, 2) hydrothermal bleaching, 3) carbonatisation, 4) sulfidation, and 5) silicification. Hydrothermal bleaching is characterised by hematite destruction with associated siderite and quartz veins and veinlets, coarse euhedral pyrite and magnetite. Bleached zones envelop both mineralised and barren veins and extend for metres to tens of metres into the wall rocks. Carbonatisation consists of addition of siderite, which occurs as veins, veinlets, stockwork, irregular blebs or spots, and coarsely disseminated grains, depending on the relative distance from the main vein structure. Siderite envelops nearly all mineralised veins, relates to all other alteration types and extends from several metres to tens of metres into the wall rocks. Pyrite and galena alteration dominate sulfidation and are associated with some mineralised veins. Pyrite alteration strongly correlates with siderite alteration and exists in three main forms: a) very fine-grained pyrite flooding, which can extend for metres to tens of metres into wall rocks; b) coarse-grained, euhedral pyrite, which is sporadic and associated with the redox boundary in hydrothermally bleached zones; and c) small isolated zones (6 - 15 cm) of medium-grained, subhedral to euhedral pyrite associated with pervasive siderite alteration. Where present, disseminated galena extends for metres to tens of metres into the wall rocks. Silicification is characterised by veins, veinlets, stringers, irregular patches and variable hardness in siltites and commonly appears in association with hydrothermal bleaching and siderite alteration. Although related to mineralisation, silicification is sporadic and in most places a clear envelope around mineralised veins cannot be identified.

Jan 1, 2001

Teleoperation is one method by which an operator can remotely control and monitor a vehicle. The operator monitors the status and progress of the remote vehicle by watching the video transmitted from one or more cameras which are mounted on the vehicle. In the case of an LHD, it will be fitted with three cameras. For a twin-boom Jumbo, four cameras are mounted on the drill, three of which will have remote pan, tilt, 15x zoom, focus and lens cleaning controls. The advantage of teleoperation is that an operator can stand in the drive and send the remote vehicle around a corner, completely out of sight and still clearly see what is happening. This means that an LHD returns with a full bucket and a Jumbo can be operated from a safe distance. Standing in the drive teleoperating vehicles, exposes the operator to passing traffic including the remote vehicle. There are two solutions to this problem. One is to equip the operator with a Nautilus æBuddyÆ jacket which will help to protect them from all vehicles. The other is to move the operator into a safe room or area, away from the fumes, the noise and the traffic. In this comfortable, less stressful environment, the operator will be more productive and less likely to accidentally damage the vehicle. The operatorÆs æsafeÆ room does not have to be a formal control room, it can be any area which has AC or DC power available and is large enough to contain a chair and a 1.5 m x 0.75 m table. The æsafeÆ room can be on the surface or underground, it does not matter to the operation of the Nautilus Equipment. If the LHDÆs, trucks, locomotives, etc are automatically guided from origin to destination, the operator is free to operate several vehicles at a time, performing only those tasks which are too difficult for a computer to do by itself.

Jan 1, 1998

Continuous improvement in environmental management assists in the achievement of sustainability goals for the processing of minerals. The use of regular internal environmental audits (scored or unscored) which form an integral component of an Environmental Management System (EMS), provide demonstrable evidence of this improvement. Case studies are presented for a number of major coal mines in the Hunter Valley, where regular internal environmental audits have been undertaken every two to three months, over periods varying from 18 months to five years. Examples of the benefits of improved environmental performance (driven by the audit process) to sustainable development are provided.The auditing process as described here for coal mines, and coal handling and preparation plants, is equally applicable to the processing of other mineral ores, metalliferous mines, quarries, and oil and gas projects.

Jan 1, 2004

By M Coleman

Information is a key ingredient for successful mineral exploration and development. Whether identifying potential exploration localities from a map, interpreting technical reports or searching a register for operators past and present, the common aim is a parcel of information from which the enquirer can make a decision. Traditional information gathering often requires days or weeks of manual research, studying maps, files, reports etc, before consolidating the results into an investment proposal. In recent times, such methods have largely been replaced by Information Technology, making the process much faster, easier and more centralised. However, notwithstanding some very successful technology implementations, the general rush to computerise everything in sight has left many organisations struggling to cope with the management of large volumes of diverse information. Information management is now recognised as the most important factor in determining the success of information technology implementation. The Northern Territory Department of Mines and Energy (DME) has established a detailed information management strategy to underpin the rapid advance of computer technology within the organisation. A broad base of timely and reliable information is gradually becoming more accessible. It is envisaged that the availability of combined spatial, textual and scientific information will provide a sound basis for decision-making within the Department and the mining industry at large. Although information held by DME will be available at all times (24 hours on-line), its security and confidentiality will be guaranteed. The production of the DME system is aimed at satisfying the corporate objective to facilitate and promote mineral exploration and development. This paper outlines some current developments in the system.

Jan 1, 1994

By G McLeay, T Moran

Long Shaft has traditionally been seen as one of the most challenging mines in the Kambalda area with operations having been suspended by the previous owners in 1999. When mining recommenced in October 2002, the current owners (Lightning Nickel) decided that a different approach was required for mining operations in such an aggressive geotechnical environment. This paper describes how Lightning Nickel has successfully and safely operated the Long Shaft complex on a traditional mining approach, which encompasses the key learnings of the previous owners.

Jan 1, 2005

By S Bouzalakos, W Timms, H Malli

Combining ultramafic mine tailings and acidic mine drainage via mineral carbonation to sequester carbon dioxide, presents an opportunity to minimise waste on mine sites. Low pH mine water with trace element concentrations can be effectively treated by high magnesium mine tailings, a useful source of finely ground reactive matrix. By using milled tailings for mineral carbonation, there are negligible energy requirements for communition of ore rocks to reduce particle size. This study aimed to assess the technical applicability of reacting ultramafic tailings and acidic mine water through mineral carbonation technology in the mining industry. Dissolution has been identified as the rate limiting stage in mineral carbonation; hence the study focused on identifying optimal dissolution conditions. Ultramafic tailings (particle size <100 µm) derived from serpentinite ore, were reacted with a typical mine water that was synthesised in the laboratory. Through variances in the solid to liquid ratios and temperature of dissolution, a maximum five per cent magnesium dissolution efficiency was reached at 50 g/L and 100°C. The acidic mine water was neutralised (from pH <2 to pH ~6) and iron, copper and zinc ion concentrations reduced significantly during the formation of solid precipitates. Carbonation was undertaken by injecting carbon dioxide into the magnesium-rich solution to form stable carbonates. The experimental work demonstrated proof of concept; however, dissolution efficiency and carbon dioxide sequestration was low, indicating that further research would be required before larger scale implementation.CITATION:Malli, H, Bouzalakos, S and Timms, W, 2015. Ultramafic mine tailings to treat acidic mine water and lock away carbon through mineral carbonation, in Proceedings Tailings and Mine Waste Management for the 21st Century , pp 133–136 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Jul 27, 2015

By S F. Wang, J J. Yin

Dust pollution poses a persistent challenge within mining processes, giving rise to a spectrum of concerns, including occupational diseases, mechanical degradation, diminished visibility, and the potential for dust explosion incidents. Existing dust detection and monitoring methodologies face limitations, including insufficient measurement accuracy and intricate processing procedures. Consequently, a comprehensive identification and evaluation system rooted in image processing technology is proposed to facilitate real-time measurements of dust pollution in mining worksites. The study primarily employs grey scale average and fractal dimensions to characterise particle features evident in collected dust images. As a result, the data processing platform can dynamically process data and present dust pollution conditions. Notably, this research integrates the monitoring and assessment of dust pollution with the systematic adjustment of mining parameters, ventilation parameters, and strategies for dust reduction. Through statistical analysis of dust concentration and particle size during mining processes, rock properties such as components and cuttability can inform mining parameters. This information, in turn, guides detailed excavation strategies, including cutterhead speeds, torque, and excavation speed. Similarly, analysing dust characteristics derived from images is a valuable resource for gaining deeper insights into the efficacy of implemented ventilation strategies. By harnessing vision-based information detailing dust concentration and distribution, a wealth of direct guidance becomes available for refining ventilation parameters. This encompasses crucial aspects such as the selection of appropriate ventilation systems tailored to the specific mining environment and the optimisation of operational conditions for ventilation fans. Additionally, the detailed information derived from the visual data allows for strategic decisions on factors like the spatial arrangement of ventilation outlets and the calibration of airflow rates. Moreover, precise choices for dust reduction measures and parameters can be made based on the prevailing dust conditions. Upon real-time monitoring of dust pollution using the proposed method, corresponding measures such as spraying and foaming can be promptly implemented. Crucial parameters, such as spray angles and volume, are integral to these application processes. In essence, the proposed method assumes a pivotal role in not only dust monitoring but also the formulation of preventative and control measures within mining processes.

Sep 1, 2024

Late Cretaceous and early Tertiary coals in the Greymouth, Ohai and Kaitangata coalfields represent a major national energy resource comprising-up to 2500 x 106 tonnes of coal in ground. The three coalfields are closely related in terms of age and sedimentary and structural character. The most striking feature common to all is the complexity of the geology which has severely restricted exploration and mining of these coal resources. This complexity is manifest in the irregular lensoid nature of coal seams and by the incidence of unpredictable medium and small scale faulting and folding. There are many geological similarities between these coalfields which are considered to arise from a common origin which can be related to the plate tectonic evolution of the southwest Pacific region. In order to efficiently assess and exploit these coal resources it will be necessary to know their geology in great detail. This can he achieved by increasing the understanding of the sedimentary and structural evolution of the coal bearing basins. This knowledge may be gained by the application of traditional (ie drilling, field mapping) and innovative techniques (ie high resolution seismic, in seam seismic) with on going research-oriented studies (ie basin analysis, coal petrography).

Jan 1, 1987

The geotechnical factors controlling the design of the open pit slopes of the Pasminco Century Mine near Lawn Hill, Queensland are presented below. Pasminco Century is a stratiform shale hosted zinc deposit in the Lawn Hill Formation that is overlain in part by the Thorntonia Limestone Formation. Both the mineralisation and overburden is located within a competent rock mass such that intact rock strength and discontinuity spacing is generally sufficient to prevent large-scale slope failure by breakage through the rock mass. Rather, overall slope stability issues are dominated by the major discontinuities within the rock mass. The deposit is located in a structurally complex regime, it consists of a synclinal basin which is truncated by easterly striking normal faults through its centre and northern and southern limits and by an unconformity on its eastern and western margins. Deposit geometry and slope stability is further complicated by small-scale folding, a pattern of northeast and southeast striking subvertical faults and north easterly dipping thrust faults with their associated fault emplaced blocks of Lawn Hill Formation in the overburden. The large size of the deposit requires a staged mining approach with the excavation of both final pit walls around the external sides of each stage and interim pit walls along the internal boundaries between adjacent stages. The deposit geometry and major discontinuities control not only the final pit wall design but also interim wall location and orientation, excavation sequence and in some stages the excavation schedule. Two and three-dimensional limit equilibrium stability analyses were conducted using both deterministic and probabilistic approaches to determine appropriate pit wall design criteria and to select a suitable excavation sequence and schedule.

Jan 1, 2000

Bacterial leaching of sulfide minerals are fairly well established in heap, dump and in situ leaching and the primary bacterial treatment of refractory gold concentrate using CSTR have gained industrial prominence in recent years. Three cultures, a mesophile T ferrooxidans (DSM583), a moderate thermophile Sulfobacillus acidophilus (strain YTF1) and a extreme thermophile (Sulfolobus strain BC65) were used for the biooxidation (pre-treatment) of the Porgera gold-bearing pyrite concentrate under optimum O2 and CO2 enriched air (30 per cent O2 and ten per cent CO2) based on volume ratios. The positive effect of using oxygen and carbon dioxide enriched air for the biooxidation of gold-bearing pyrite mineral was clearly demonstrated where an increase in Fe release rate by a factor of 2.8, 1.8 and 1.5 for DSM583, YTF1 and Sulfolobus respectively were observed compared with the shake flask tests. The lag phase observed with the other test conditions such as in shake flask or with air decreased by about 80 per cent for all three cultures. The average observed dissolved oxygen concentrations in the pulp for these tests were 8.7, 5.8 and 5.0 mg/L for DSM583, YTF1 and Sulfolobus respectively, indicating that O2 was not limiting in these tests. The pulp redox potential was observed to increase with time for all tests coincident with the leaching rate and reaching a maximum of 663 mV, however the maximum value differs for each strain, with DSM583 exhibiting the highest followed by YTF1 and Sulfolobus. Biooxidation of pyrite under optimum gas enrichment at different pulp densities showed near total Iron extraction occurred for pulp densities of three, ten and 20 per cent (w/v). At high pulp densities, more so at 40 per cent than 30 per cent (w/v), the leaching rate decreased rapidly for tests with YTF1 and Sulfolobus. Monitoring of dissolved O2 shows that O2 demand increased with increasing pulp density and the average dissolved O2 concentration observed for YTF1 and Sulfolobus at 40 per cent solids concentration was 1.0 mg/L and below, suggesting limiting oxygen and carbon dioxide conditions for these two cultures. The decrease in leaching rate observed at high pulp densities (30 and 40 per cent) under optimum gas enrichment was accompanied by low metal dissolution and low redox potential values which was attributed to shear stress due to attrition of cells by high solids concentration, toxicity of metal ions especially Ag and Fe and the formation of precipitates and jarosites as confirmed from XRD analysis of leach residues hence impeding the leaching process. Limiting conditions due to high pulp density and viscosity were only observed for YTF1 and Sulfolobus. The subsequent cyanide leaching for precious metals from the pre-treated pyrite concentrate in all cases shows the extent of gold and silver recovery increased with the degree of pyrite oxidation and Au and Ag recoveries in excess of 80 per cent were achieved compared with only 18.1 per cent and 35.9 per cent for gold and silver respectively when treated by direct cyanide leaching on the original, untreated concentrate.

Jan 1, 2004

By J Wu

Swirl Flow Technology (SFT), a novel approach for agitation in large industrial slurry tanks, was jointly developed and patented by CSIRO and Queensland Alumina Ltd (QAL). Currently, SFT is used in 16 alumina precipitation tanks at QAL, with the first installation in January 1997. This paper provides insight to the underlying fluid dynamics, which were investigated through pilot-scale experiments. A key finding was that SFT produces tank wall velocities approximately four times that of conventional draft tube agitator systems for the same power input, whilst for solids suspension, much less power is needed. SFT is energy efficient and practical in scaling suppression as demonstrated by the full-scale experience at QAL.

Aug 8, 2011

By A Taheri, G D. Nguyen, M Karakus, S Akdag

During underground mining operations, rock masses are highly subjected to dynamic disturbance caused by blasting, mechanical drilling and earthquakes resulting in strain burst, slabbing and spalling. The dynamic fracture is a significant manifestation of rock failure in deep underground engineering, and it is of great importance to assess the dynamic fracture behaviour of the rock mass under elevated temperature conditions. The correlation between temperature – and loading rate-dependent dynamic fracture mechanism of strain burst is yet to be established. A good understanding of the dynamic fracture behaviour of brittle rock subjected to high-temperature under dynamic loading is required for the prediction of the damage extent during strain burst, and proper design as well as control of the underground rock structures. In this study, dynamic mode I fracture toughness tests are carried out on cracked chevron notched semicircular (CCNSCB) granite specimens to reveal the dynamic fracture characteristics of the brittle rock. For this purpose, a Split Hopkinson Pressure Bar (SHPB) apparatus is utilised to conduct the dynamic tests with various striker velocities on thermally degraded granite. The dynamic mechanical behaviour of granite after high-temperature treatment is examined and discussed. The dynamic fracture toughness is determined and compared for the specimens exposed to different temperatures at various dynamic impacts. The fracturing processes are recorded by a high-speed camera (HSC), and the crack propagation speeds are estimated by HSC image analysis. In addition, the dynamic fracture process and the coupled effects of temperature and loading rate on the dynamic fracture modes are identified by HSC image analysis. Energy partition characteristics in dynamic fracture of granite are quantitatively investigated.

Nov 29, 2022

By R J. Romañach

The theory of sampling (TOS) is now followed in the development of near infrared (NIR) spectroscopic methods for the pharmaceutical industry. TOS has been the guiding light for a two-step approach for spectroscopic composite sampling available for the development of real-time analytical methods for particulate-based industrial processes. The two-step spectroscopic sample composite has been used in the development of process analytical technology (PAT), an important regulatory initiative to improve the quality of pharmaceutical products. The two-step sample composite approach overcomes the low sample volume analysed by PAT methods; one of the key limitations to PAT implementation in the industrial production of particulate-based materials.PAT methods need to be validated demonstrating their accuracy, precision, specificity and robustness. TOS provides a deeper understanding of these validation studies which involve discrete particulate material. The validation of PAT methods is now being performed considering both sampling and analytical errors, while practically all previous method validations only addressed the total analytical error (TAE) of these methods. This has been a crucial impediment for the field of chemometrics as well.PAT is a key element of continuous manufacturing (CM) processes, which are considered an emerging technology capable of increasing the flexibility, agility and robustness of pharmaceutical processes while reducing their costs. The outflow of the continuous process is a 1D lot, and variographic analysis has been shown to discern process variation from sampling and analytical errors in pharmaceutical CM processes. Thus, variographic analysis is a process improvement tool with significant potential for improving CM processes. The possibilities for improving pharmaceutical manufacturing are enormous.CITATION:Romañach, R J, 2017. Theory of Sampling – from missing link to key enabler for process analytical technology, in Proceedings Eighth World Conference on Sampling and Blending , pp 63–68 (The Australasian Institute of Mining and Metallurgy: Melbourne).

May 9, 2017

By Y Mita, T Iwama, R Inoue, S Ueda

In the iron and steel manufacturing industries, efforts are being made to achieve carbon neutrality by 2050, and the transition from a coal-based steelmaking process to that utilising renewable energy is being pursued. An alternative process in which directly hydrogen-reduced iron is melted in an electric furnace is being investigated. It is known that foaming slag reduces heat loss from the steel bath in electric arc furnace, but iron loss due to the suspension of steel particles in the slag is indispensable. To improve the separation of steel particles from the slag, the control of the slag viscosity is important. Although the slag viscosity has been extensively studied, in those studies the slag was considered to be a simple liquid. However, in actual operations, slag is a multiphase fluid consisting of solid, gas and liquid phases. Therefore, in this study, by measuring the sedimentation velocity of titanium, stainless steel and glass spheres in an aqueous glycerin solution containing bubbles generated by the reaction between NaHCO3 and C2H2O4, the apparent viscosity of the gas-liquid fluid was evaluated based on Stoke’s law. It was found that the apparent viscosity of the gas-liquid fluid is larger than the viscosity of liquid phase and depends on both the bubble volume ratio in solution and the density of the falling solid sphere, and the apparent viscosity was different from that previously obtained by the rotation method. The apparent viscosity derived from the sedimentation velocity of solid spheres changed depending on the specific gravity of the ball. This is because the apparent viscosity is derived from the velocity of a ball falling in a static bubble in this method, whereas that is derived from the force applied by a stationary flow in the rotational method.

Aug 21, 2024

By Andersson PO

Boliden Mineral AB Boliden Mineral AB operates nine mines in Northern and Central Sweden, producing zinc, lead and silver concentrates and copper and gold. Seven of these mines use cut and fill (C&F) mining with a total production of 2 Mtonnes of ore per year.

Jan 1, 1998

By Rolfe PR, Ellis BA, Clements RJ

Associated Minerals Consolidated Limited (AMC) is constructing a 112,500 tonne/yr synthetic rutile plant at Narngulu, near Geraldton in Western Australia. Design of the plant is based on the technology developed by AMC and utilised in its two existing plants at Capel in Western Australia. Ilmenite Feedstock for the plant will be sourced from AMC's mine at Eneabba and coal obtained from the Collie deposits. The plant is scheduled to come on stream in the second quarter of calendar 1987. The rationale of the decision to construct the Narngulu plant is examined against the background of the world market for high-Ti02 content feedstocks. Also provided is a detailed description of the plant and an examination of the technology used in process Design.

Jan 1, 1986

By P Bourke, S Ronkainen

Since the early days of flotation, process technicians have known that the speed at which the froth is recovered over the lip of the cell has a very direct and consistent influence on the grade and recovery of the circuit. No plant would deny that, even to this day, one of the most important aspects of a process technicianÆs job is ensuring that the froth is moving at a desired and controlled speed over the lip. Unfortunately, process technicians cannot watch the froth throughout the entire shift, as there are always other problems to attend to. A considerable amount of work has thus been done to develop a æsystemÆ that automatically measures the speed of the froth. This measurement would then be used in simple controllers to emulate the steps taken by the process technician in correcting deviations of the froth speed from its desired level. Many of the earlier attempts to measure speed were ineffective, as they were unable to cope with turbulence on the froth surface. The FrothMasterÖ instrument makes use of machine vision technologies to measure the speed of the froth over the lip of a cell at a very high sampling rate. This instrument produces an extremely reliable and accurate measurement of the froth speed (as well as other parameters such as bubble size and froth stability). As we will show, the effectiveness of the speed measurement in controlling the performance of the plant is a testimony to its reliability. Three FrothMasterÖ units have recently been installed on the Cadia Hills Gold Mine in New South Wales (Australia). The objectives of this installation were:to control the mass-recovery of two Tank Cells in series on the same level where differences in the hydrostatic head between the two cells result in the cells pulling inconsistently with respect to each other; control of the concentrate grade (per cent copper) from the first rougher; reduction in the frother consumption in the rougher circuit by monitoring the froth speed. A simple controller was designed to react to disturbances in the same way that human operators react. This was done after consultation with the metallurgists and the process technicians at Cadia. The controller had two functions: Stabilisation: The stabilising controller made use of three manipulated variables (level, frother addition rate and aeration rate) to control the froth speed to a setpoint. Optimisation: The optimising controller adjusted the froth speed setpoint based on deviations of the grade (measured in real-time by the OSA) from a setpoint. The plant metallurgist adjusted the grade setpoint based on information about the ore. The results from a 21-day trial have shown the following:The ratio of concentrate mass-recovery between two cells in series on the same level has been successfully balanced, thereby overcoming problems due to differences in hydrostatic heads. It is possible to control the speed of the froth, in mm/s, to within five per cent of its setpoint using the aforementioned manipulated variables. It has also been shown that, for reliable control, it is necessary to control more than just one variable (eg level or air). The grade of the first rougher concentrate has been controlled to within 0.3 per cent of the grade setpoint for long periods of time, which has important implications for the circuit recovery. The frother consumption has been reduced significantly. This paper will thus show that substantial progress has been made to demonstrate the value of using on-line froth speed measurements in flotation plant control to obtain real financial benefits.

Jan 1, 2000

By D Van Doorselaere

The purpose of blasting during mining is to produce a muck pile that can be efficiently loaded and transported. There is an increasing awareness of the variation in muck pile characteristics and its economic implications. It is well known that good fragmentation by itself is not sufficient to optimise the muck loading efficiency. The swelling and configuration of the muck pile also significantly affect the productivity of the loading equipment. The characteristics of a muck pile depend upon the blast design parameters, explosive properties and rock mass geology. This study has focused on the dependence of muck pile configuration on blast design parameters, explosive properties and size distribution of the muck.The field work was done in two phases. In the first phase 12 blasts were monitored, while in the second, three blasts were monitored. The blast design parameters and explosive properties for each blast were documented and the following muck pile characteristics were measured:muck pile height and its distance from the facedistance of throwwidth of the power troughsize distribution by image analysis technique.The effects of burden, bench height, heave energy of explosive, row-to-row delay, powder factor and the mean particle size of the fragments on muck pile configuration were examined. It was observed that muck pile height and distance of throw are strongly influenced by the burden, bench height, heave energy of the explosive and the size distribution of the muck. The width of the power trough depends upon the row-to-row delay, powder factor and total burden. In addition, the effect of the fragment size distribution on the muck pile parameters has also been discussed.CITATION:Singh, S P and Van Doorselaere, D, 2015. The relationship between blasting parameters and muck pile configuration, in Proceedings 11th International Symposium on Rock Fragmentation by Blasting, pp 369–374 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Aug 24, 2015

It was Harold McMillan, Prime Minister of England 30 years ago, who used the phrase "The Wind of Change" to describe political events in Africa in his day. So well did this phrase capture the spirit of the time that it echoed around the world, and the echo has never stopped. Change is the constant factor in the society in which we live and everyone of us has had experience of the effect which it has had on our professional and personal lives.Change will not stop, it will continue at an increasing rate and the questions we must answer are how do we prepare ourselves to meet the challenge of future change and how do we take advantage of the opportunities which it will bring?It is these questions which I wish to discuss in this address.There is nothing new about change in the mineral industry, it has been happening for thousands of years and it will continue as long as civilisation exists on earth. One type of change is economic and we are all aware of the rises and falls which occur in the prices of metals and minerals (Figure 1). When these have happened in an orderly manner, and could be predicted and planned for, it has been possible to take advantage of the benefits and minimise ill-effects, but when they were sudden and precipitate, and could not be predicted, the consequences were serious. The extreme example, of course, was the oil price shock of the 1970s which had such disastrous effects on industry and society.Other types of change are social, cultural and political. They have all been important in recent years and will continue to be so in the future.But it is technological change which may well be the most important because its effects are profound and irreversible, and alter irrevocably the way in which we live. So in discussing the mineral industry in a changing world I will talk specifically about technological change.

Jan 1, 1989

By B Maybee

In underground mine planning, many potentially value-eroding decisions are made due to a lack of time and proper evaluation practices. The information required for mine planning decisions goes beyond external sources of uncertainty that are recognised by typical evaluation techniques used in the mining industry, to include technical factors (eg mine development layout) and the ability of a mineral extraction project to achieve its anticipated production levels. Due to the individual characteristics that define underground mining projects, each will exhibit a different risk profile, and thus advanced optimisation and evaluation techniques are required to capture this information.As underground mine planning tools become more sophisticated, mine planners have the capacity to investigate numerous mine sequencing options to identify the best strategy for a given project, creating higher value for shareholders. This paper describes a risk-based evaluation methodology (RbEM) that accounts for financial and technical risk in the evaluation of underground mining projects. While the use of the RbEM has been described in previous works, no benchmarking of the benefits that can be realised from a change in those decisions that are made early in the process has been undertaken. To show the benefits that can be achieved from using the RbEM, this paper updates a case study to which the RbEM was applied, and takes a retrospective look at whether additional value would have been gained by following the strategic recommendation of the RbEM versus a typical optimisation exercise that aims to maximise the net present value.CITATION:Maybee, B, 2012. Can a risk-based evaluation provide a more valuable mine design?, in Proceedings Project Evaluation 2012 , pp 53-58 (The Australasian Institute of Mining and Metallurgy: Melbourne).

May 24, 2012