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By A. B. Holland-Batt

The application of Reichert spirals and cone concentrators within the South African mineral industry is discussed, and the procedures used in the acquisition of design data are outlined. Computing techniques developed by Mineral Deposits Limited for the processing of test data for use in the design of production circuits are described.

Jan 1, 1982

By L. Lorig

"Two types of extreme event, earthquakes and rainfall, potentially affect open pit slope stability. In the case of earthquakes, there are rather well-developed analysis procedures and acceptability criteria. The analysis procedures relate mainly to selection of the dynamic loading either through design earthquakes and/or pseudo-static seismic coefficients. The acceptance criteria are typically expressed in terms of a minimum safety factor in pseudo-static analyses. The acceptance criteria are often promulgated by governments despite the fact that no open pit slope has ever been adversely affected by an earthquake. This paper explains why open pit slopes are seemingly more resistant to dynamic loads than natural landforms, which can experience catastrophic landslides.Extreme rainfall events are much more likely to cause open pit slope problems than earthquakes. Two types of problem are common – slope erosion and slope instability. Slope erosion is often mitigated by appropriate surface water controls. Slope instability due to elevated transient water pressures is more difficult to mitigate. Analysis procedures and acceptability criteria are rare. This paper will discuss the mechanisms for rainfall-induced slope instability, as well as analysis methods. Examples will be discussed and analysis methods are proposed. IntroductionTwo types of extreme event, earthquakes and rainfall, potentially affect open pit slope stability. In the case of earthquakes, there are rather well-developed analysis procedures and acceptability criteria. The analysis procedures relate mainly to selection of the dynamic loading either through design earthquakes and/or pseudo-static seismic coefficients. The acceptance criteria are typically expressed in terms of a minimum safety factor in pseudostatic analyses. The acceptance criteria are often promulgated by governments (e.g., Peru, Chile) despite the fact that no open pit slope has ever been adversely affected by an earthquake. This paper explains why open pit slopes are seemingly more resistant to dynamic loads than natural landforms, which can experience catastrophic landslides.Extreme rainfall events are much more likely to cause open pit slope problems when compared to earthquakes. Two types of problems are common – slope erosion and slope instability. Slope erosion is often mitigated by appropriate surface water controls. Slope instability due to elevated transient water pressures is more difficult to mitigate. Analysis procedures and acceptability criteria are rare, but do exist. In Peru, for example, slopes are required by law to be designed for a 100-year storm."

Jan 1, 2016

By O. Y. Ntrama

Lebowa Platinum Mines has been in operation since the late 1960s and is a relatively small producer compared to Anglo Platinum?s other operations. The mine has never had substantial capital investment to expand its production scale even though its resource base is estimated in excess of 100 years at current mining rates. It is forecast that the mine will become unprofitable after 2008 due to the workings of the ageing infrastructure, the Merensky Reef operations being further from the shafts, decrease in productivity and increase in operating costs. In order to reverse the forecast decline in operational inefficiencies and profitability the replacement of the Merensky Reef operations at Vertical and UM2 shafts with the development of a 120 Ktpm Brakfontein Merensky Reef Mines is in progress. This paper covers the operational readiness framework developed from the control budget estimate and outlines an integrated business process adopted to ensure that the requirements of the investment proposal are met. The operational readiness framework, which addresses the transition process, will ensure that at operational start-up, all appropriate operating systems, procedures, information and legal requirements are in place, whereas the business integration process will aim to develop and sustain an organization with the appropriate infrastructure and workforce equipped with the necessary skills to meet Brakfontein?s requirement, and where possible embark on an optimized accelerated production initiative to ensure that the objectives of the investment proposal are sustained. Keywords: operational readiness, business integration, optimized accelerated production initiative, organizational development.

Jan 1, 2006

By Stuart Marsland

"Reference materials have always been important for validating and controlling analytical methods', They have recently become even more important as quality requirements have become more stringent and customer demands for properly verified and controlled results increase. Clients, especially from the resource exploration industry demand critical validation of all results reported. Mintek has been producing geological and semi processed ore references since the early 1970's and recently due to increase in demand other manufactures have entered the South African Market.This paper describes Analytical challenges from the customer's perspective. The customer being the metallurgist, mine geologist, environmental scientist and geologists from resource companies. Reference Materials and their appropriate use and good understanding of them can aid greatly in building confidence in the results, choosing the right Laboratory for a project, deciding which set of results arc correct and providing evidence to the customer's clients that the results obtained are the very best possible.Throughout the world there are hundreds of reference materials produced by over 80 organisations and these are mainly ores, rocks, semi processed ores, metals, and many more. Mintek is one of the top 10 producers with over 75 products. Many of these producers including Mintek and their respective standards organisations belong to the ISO REMCO committee and their respective work groups. This committee's main task is to draw up guide lines for the use, manufacturing and certifying reference materials. In South Africa a mirror committee has recently had its inaugural meeting the function is to give clear mandate to the South African representative on the main ISO REMCO committee, the South African delegate bas an opportunity to influence the contents of the guides.Tile SARM program has since the year 2000 increased its sale three fold, the question is why? There is more accountability needed in our world. That means Analytical results have to be the very best possible and risks associated to them must be well quantified. Consider that the risk of wrong results of wrong decisions made from a result is trivial to laboratory, in comparison to the laboratories customers. The consequence to a laboratory could be a loss of income or some one may lose their job. To the customer he may dig up 1000 of ton's of rock with nothing in it or worse still don't mine it when the grade is high enough. This is seriol1s money."

Jan 1, 2014

By J. P. Beukes

South Africa holds approximately three-quarters of the world?s viable chromite ore resources and dominates the global production of ferrochrome. Albeit completely unintended, small amounts of Cr(VI) are formed during ferrochrome production. Certain Cr(VI)species are regarded as carcinogenic, hence making the treatment of some ferrochrome waste materials necessary. In this paper, the Cr(VI) treatment strategies currently employed by the South African ferrochrome producers are investigated by means of a literature review and a questionnaire survey. From the discussion, it is evident that various treatment strategies are available to deal with Cr(VI)-containing waste in the ferrochrome industry. However, by far the most commonly applied treatment strategy remains the aqueous reduction of Cr(VI) with ferrous iron. The advantages and the correct application of this strategy, together with the disadvantages and pitfalls, are argued. Innovative improvements on historic practices are also discussed

Jan 1, 2012

By S. K. Gilman, P. S. Marcos

There are basic areas of importance within a concentrator or mineral separation plant, which require focus to ensure acceptable recoveries, throughputs remain at an acceptable level and product grades meet specification. Professional and para-professionals within the mineral sands industry are in demand due to the booming resource sector. Added to this, new mineral sands operations are being commissioned straining the industry further. These factors have increased staff turnover and introduced many new people to the industry. It is essential these new entrants are armed with basic plant troubleshooting skills relevant to the minerals sands industry to minimize production lost through poor recoveries. Mineral sands processing does not involve highly technical or sophisticated unit processes. However, success is often slow to arise due to a lack of detailed understanding, as well as managing multiple interrelated unit processes within a plant. Fundamental background physical conditions (such as equipment loading and water quality) must be met for unit processes to be efficient. Technical management of these process plants should always include observation of these background conditions for they often provide the answer to underperformance. Examples are presented with an indication of the possible effects on recovery and product grade.

Jan 1, 2007

By B. Sergeant

Any study of the contentious subject of nationalization can ultimately be reduced to a sombre analysis of the simultaneous, and very different, interests of capital, labour, and government. Each of these interests attempts to maximize its objectives, subject to checks and balances provided, in an ideal system, by a country's executive government, legislature, and judiciary. Where even one of the three interests goes out of control, the consequences can be disastrous. The case histories show that when this occurs, the most common culprit is government, or its proxy, such as a dictator. At the other extreme, the case studies indicate that the optimum outcome occurs when capital, labour, and government are 'ring fenced' from each other: each enjoys its rights, but is also subject to duties. 'Conflicts of interest' between the three entities are ideally avoided to the maximum possible extent. The case studies include several salient instances from both the DRC (Gécamines, La Générale des Carrières et des Mines) and Zambia, along with Ghana and Chile. Further instances are examined in South Africa (gold), India (Coal of India), Brazil (Petrobras), Venezuela (Petróleos de Venezuela), Sweden (Luossavaara-Kiirunavaara Aktiebolag), Mauritania (Société Nationale Industrielle et Minière), Norway (Norsk Hydro), Botswana (Debswana), and Namibia (Namdeb). The article concludes broadly that South Africa's minerals sector is not ready for nationalization.

Jan 1, 2013

By G. Akdogan, C. Bergmann, C. J. Coetzee, Q. G. Reynolds, S. J. Baumgartner

Submerged arc furnaces (SAF) are used extensively in the production of ferrochrome, where charge material – consisting of mixtures of carbonaceous reductants, fluxes such as silica, and ore in the form of pellets – is fed through chutes into the vessel. The feed typically forms a thick bed or ‘burden’ of solid particulates above a bath of molten material below. This burden layer surrounds three electrodes, which are typically arranged in a triangular configuration in circular SAFs. A major challenge in the industry is the availability of sought-after reductants, volatile market conditions, and increasing electricity tariffs in South Africa. A good understanding of the physical properties of the raw materials in the charge is therefore of great value in order to best deal with the reductants available at any given time, and thereby maximising furnace throughput. This paper presents a study of the effects of different particle properties on particle flow behaviour relevant to SAF operations. Discrete element model (DEM) simulations were used to estimate the sensitivity of the particulate flow of beds of charge material to properties such as the coefficients of friction, particle shape and size, and others. The present study lays the groundwork for the development of full DEM models of the SAF that will greatly improve understanding of the flow of complex mixtures of solid particles in the submerged arc furnace, and how the relative physical properties of each component in the charge can influence electrical behaviour of the burden.

Sep 1, 2021

By G. Matheron

This paper discusses important aspects, both psychological and methodological, which have delayed the introduction of geostatistics in practice. The evolution of geostatistics is traced through three 'generations', and in conclusion some important questions are raised on the current status of the subject and possible areas of future research.

Jan 1, 1987

By J. M. Paull, J. B. See

The rate of reaction between different carbonaceous reducing agents and silicon monoxide gas was studied by the use of a technique developed in Norway by Tuset and Raaness. Argon carrier gas was used to pass a known fixed concentration of silicon monoxide gas through an I1 cm3 sample of precalcined reducing agent at 1650°c. Silicon monoxide gas was generated by the heating of a mixture of silica and silicon carbide, and the progress of the reaction was followed by monitoring the carbon monoxide in the off-gas with an infrared spectrometer. The reactivity of silicon monoxide gas towards a number of carbonaceous reducing agents (charcoal, Iscor coke, Lurgi char, and petroleum coke) was shown to be similar to results obtained with the carbon dioxide reactivity test. The silicon monoxide reactivity test was able to indicate the extent to which fines were generated when the reducing agent was converted to silicon carbide. Of the reducing agents studied, Lurgi char appeared to be the most suitable for the production of ferrosilicon because it has a high reactivity towards silicon monoxide gas and high strength when converted to silicon carbide. So that industry could be given some indication of the suitability of certain reducing agents for the production of ferrosilicon and silicon metal, a reactivity scale similar to that of Tuset and Raaness was constructed that compares the volume of silicon monoxide gas required by a reducing agent to reach a carbon monoxide content of 10 per cent in the off-gas during the conversion of the reducing agent to silicon carbide. This scale assists in the selection of those reducing agents that require less silicon monoxide gas for conversion to silicon carbide, and that give savings in material and power costs because less silicon monoxide gas need be generated in the furnace.

Jan 1, 1979

By M. H. Lampen

The SILAG Material Tracking System MTS monitors and controls the complete material flow throughout the plant - and even companywide. The customized system developed by Siemens especially for bulk material handling applications enables companies to track bulk material from the mine to the harbor, to the steel mill or to the power plant. All relevant material data is available at every single step of the material’s journey. SILAG is an open, scalable system based on Windows NT / 2000. Using standard interfaces of Windows NT, like API, ODBC, SQL and socket technology, the system is very flexible and can easily be tailored to meet different requirements. SILAG can be used as a stand-alone solution or - if complete plant control and visualization is required - as a component of a fully integrated automation system with the Win CC HMI system and the PCS7 process control. In contrast to conventional material tracking systems, SILAG offers many advantages. - The Material Tracking System is an object oriented, online to the process, linked system. All changes in the plant during operation e.g. selecting another conveyor route, start and stop etc. will be automatically detected and will influence the calculation. - The systems is able to split and blend material (quantity and quality).Measurements of tonnage, volume or quality analysis can be linked online to the system. Each movement of material is monitored by the system and leads to online recalculations of the images and databases. - All material data is based on 3D-stockpile images, which are calculated by an internal mathematical model based on quantity and quality information. - If a laser scanner is available on a stockyard machine it can be taken to update the profile directly from the piles. - Efficient control and report functions are available on each, free selectable point of the total plant.

Sep 1, 2001

To the trustees of The SAIMM Scholarship Fund We have audited the annual financial statements of The SAIMM Scholarship Fund set out on pages 587 to 592 for the year ended 30 June 2005. These financial statements are the responsibility of the trustees. Our responsibility is to express an opinion on these financial statements based on our audit. Scope We have conducted our audit in accordance with International Standards on Auditing. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes: examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion. Audit opinion In our opinion, the financial statements fairly present, in all material respects, the financial position of the trust at 30 June 2005 and the results of its operations and cash flows for the year then ended in accordance with South African Statements of Generally Accepted Accounting Practice.

Jan 1, 2005

By Willie Hefer

Contents ?Purpose ?Introduction ?Deviation of bias results ?Operational correctness ?Maintenance and Costs ?Conclusion ?Acknowledgements

Jan 1, 2005

By M. Arnesen

Mining professionals recognize the need to continuously evaluate and refine mine planning standards and scheduling. We must examine our current reality, and evaluate the following: •How well do our planning standards represent the actual mining process? •To what extent do they support the requirements of the downstream mining activities? •How we apply them to operational management and control? In most operations, mine-planning standards are global averages. Little differentiation is madein quantifying key planning variables. Often standards used in the long-term, are applied to the short-term, and the standards and scheduling precedents are only reviewed occasionally. Mine-planning standards applied to production schedules are often only focused on the management of functional mining performance, and play no role in managing the requirements of down stream processing. Many mining operations are characterized by high levels of fluctuation, and typically incorporate a wide range of factors and adjustments to compensate for deviations from performance targets, in mining operations as well as for the other business areas. The reason for using global averages is because of a lack of understanding of the causes of deviations that occur through the process, and the impact that they may have on the performance of the business as a whole. Average standards and factors are often used to quantify the variability in a system. From these average values, measurement standards and performance targets are derived for the planning and execution environments. During the execution of a plan/schedule there will be deviation in actual performance and the planned ‘average’ standards. In reality the ‘average’ conditions seldom occur and the impact of variability and interdependency are seldom constant or predictable. The predictability of variability and interdependency is further complicated by the fact that mining conditions have a role to play in the actual production performance, and they too are variable. By developing the throughput knowledge of our production systems, we can better understand the nature of variability and the interdependency within the systems as well as the impact of interdependency between the links in our production chains. With this knowledge, planning standards and scheduling precedents can be better defined and sensibly differentiated. This will improve planning and management of ore utilization, mining production and the effectiveness of processing. As a result the business will be more stable and predictable and business performance will be improved. The purpose of this paper is to describe: •At a high level, the scope for refining and differentiation in mine planning standards, and incorporating geological and plant parameters into mine scheduling. This will improve planning and scheduling and the overall performance of the mine. Given our current level of scientific knowledge and the technological tools at our disposal we should be able to plan and schedule production so that we can manage pro-actively and improve business performance. In doing so we can also improve reconciliation and value tracking through mining and processing •The flexibility and functionality of the XPAC planning and scheduling tool that will enable a throughput management approach.

Jan 1, 2003

By D. W. Horsfall

The coal-preparation techniques used in South Africa over the past ten years are reviewed, the term preparation being taken to refer to processes involving beneficiation techniques. The success of the preparation methods adopted can be gauged from the fact that, although South African coals are generally of a fairly low quality, the country is producing coals both that are used locally for the raising of steam and for metallurgical purposes, and that compete successfully on world export markets.

Jan 1, 1980

By J. T. M. Amphlett, C. A. Sharrad, M. D. Ogden, R. I. Foster

"A renewed interest in nuclear power around the world in order to reduce greenhouse gas emissions is going to increase demand for uranium as fuel. This will result in more uranium being mined, which will in turn increase associated environmental pressures, such as fresh water use. A move to lower quality waters containing impurities such as chloride would help alleviate these pressures. In this work, we determined the uptake characteristics of weakly basic anion exchange resin Ps-EDA towards uranium from saline solutions in a dynamic flow column. Breakthrough curves were produced, with suppression of uptake being observed for chloride concentrations above 5 g L-1. Calculated resin saturation capacities at zero and 5 g L-1 chloride are comparable with literature values for strong-base anion exchange resins, and exceed those published for weak-base resins up to 20 g L-1 chloride. Data has been fitted to multiple breakthrough models, with the modified dose-response model most effectively predicting uranium recovery. The results show that the ethylenediamine functionality could be suitable for use in future uranium processing flow sheets where a high-saline lixiviant is used. IntroductionIon exchange (IX) is a key technology in the uranium mining industry and is well established for the extraction of uranium from both acidic and alkaline leach liquors (Edwards and Oliver, 2000). It was first employed in 1952 at the West Rand mine in South Africa (Ford, 1993; Taylor, 2016). H2SO4 and Na2CO3 are the most commonly employed lixiviants used to solubilize uranium in acidic and alkaline leach conditions respectively. The chemistry of these systems causes uranium to form anionic sulphate or carbonate complexes, which can be taken advantage of by anion exchange resins.Another major technology for the extraction and purification of uranium from leach liquors is solvent extraction (SX). This technique involves the extraction of uranium from the aqueous phase into an immiscible organic layer. Although this is a commonly used method, there are major drawbacks to it, including the use of large volumes of flammable solvents, solvent loss, phase disengagement, third phase formation, and the production of problematic degradation products (Veliscek-Carolan, 2016). These problems can be circumvented through the use of IX resins."

Dec 1, 2018

By W. J. Jordaan

The ability of soils to retain and hold cations is called the cation exchange capacity (CEC). Adsorbed cations, however, can be replaced by other cations through the process of cation exchange. Heavy mineral deposits contain a significant portion of slimes including the very fine clay minerals. In most circuits the slimes fraction hampers efficiency and has to be removed during early stages of the process. Being a nonvaluable process stream, the processing of the slimes is a costly exercise. In thickening applications it might be possible to manipulate the ability of clay minerals to retain and hold positively charged cations in order to optimize flocculation and therefore reduce flocculation costs. The CEC value of the slimes could be a measure of this possibility. To investigate this hypothesis, different slimes samples were characterized for size, chemical composition and clay minerals present. The CEC value of each sample was determined and explained in terms of the mineral phases present. Settling tests were conducted and an attempt was made to explain the CEC characteristics of the clay minerals in terms of settling rate. The scope of this investigation was to test the hypothesis and should not be seen as an in-depth study of the subject matter. A greater number of samples and detailed analyses to identify and quantify minerals and phases present would be required to investigate further the relationships between clay minerals in the deposit, CEC and settling rates. Location and geological setting Exxaro KZN Sands is mining a heavy minerals deposit at Hillendale mine located at Richards Bay, South Africa. The orebody consist of a dune some 8 km inland from the coast to the north of eSikhawini. A geological synopsis undertaken by Botha1 concluded that the Hillendale mining area represents a coastal dune sequence that accumulated north of the Tugela River. The northward movement of sediment by long shore drift currents result in a high sand budget on the beaches north of the river youth and is the dominant contributing factor to the accretion of the coastline and development of parallel dune systems along the coastal zone in this area. Beach swash zone processes and enrichment of the fine sand fraction occurs during wind transport off the beach by ascending parabolic dunes that form the coastal barrier dunes. This process results in heavy mineral concentration on the windward dune face and localized enrichment parallel to the dune forms. The aeolian sedimentary facies processes result in the primary concentration of higher grades in the upper silt-enriched reddish brown horizons of the profile. The synopsis by Botha1 further showed that an additional component of heavy mineral concentration can be ascribed to the post-depositional relative enrichment of heavy minerals due to weathering. Therefore, it is likely that the Hillendale orebody protolith was pedogenically weathered to form the homogeneous, silt-enriched, clayey reddish brown to dark red, palaeosol profile that grades downwards into yellowish brown, less clay-enriched sand. Slimes characterization Samples The Hillendale orebody was divided into geochemically discretized zones based on the concentration of ilmenite and other specific minerals and/or phases. Six composite samples were made up from exploration samples taken from Zone 9, Zone 11 and Zone 12. The red and orange horizons within these composite samples were separated and test samples were prepared to conduct test work and analyses. The test samples were submitted for preparation and analysis to characterize the slimes properties. Each test sample was deslimed at 45 µm representing the slimes fraction (-45 µm) and dried at 40°C. The -45 µm slimes samples were then split to conduct size analysis, chemical analysis, XRD and to determine the CEC. Size analysis The size distribution of the composite samples is shown in Table I. The size analysis shows that there is a difference in size distribution between the orange and red horizons of each zone. The orange horizons contain less 850 µ material as well as less slimes (-45 µm). The red horizons contain yore slimes (-45 µm). The size distribution of the slimes fraction (-45 µm) was determined using Malvern size analysis. The cumulative particle size distribution of the slimes is shown in Figure 1. The red horizons of the different zones show similar size distributions. The orange horizons show some differences. However, there is a difference in size distributions between the red and orange horizons.

Jan 1, 2007

By F. Lombard

We consider in this paper the use of a modified version of Hotelling?s statistic in the analysis of particle size distributions. The statistic can be adversely affected by the presence of outliers among the data. We propose a competitor to the statistic that is based on ranks, and hence is less sensitive to outlier effects. The results of a Monte Carlo study suggest that the rank test is highly competitive with the Hotelling test in its ability to detect differences between two mass size distributions. The calculation of the rank statistic is explained in detail and its application is illustrated on two sets of data.

Jan 1, 2012

By D. van Heerden, M. F. Breed

"Successful development of projects or life-of-mine strategies requires an understanding of the relative sensitivity of value drivers such as grade, tonnage, energy costs, direct operational costs, and recoveries. For example, the results could vary significantly depending on the grade strategy, given a specific orebody amenable to open pitting.Pit optimization is a very powerful tool widely used in the industry to determine the pit shell with the most attractive value potential. Based on the input parameters utilized, the pit optimization process determines the stripping ratio, mineable reserves, and pit shape, and effectively calculates a cut-off grade, assumed to be the optimal cut-off grade.Once the initial pit optimization process is completed, the need may arise to align the optimization results with the company strategy by further optimizing other criteria, such as maximizing short-term cash flow. This paper describes and discusses the selection of an alternative cutoff grade as a strategic intervention. It involves changing the cut-off grade, effectively increasing the head grade to gain a strategic advantage aligned with the company strategy, with a clear understanding of the financial value impact. With this knowledge, it is clear that pitoptimization establishes the basis for future analysis and refinement.IntroductionIt is common for companies to select the optimal pit shell defining the mineral reserve without much further consideration. However, companies may consider various strategies to optimize the long-term value of the project or to optimize the short-term cash flow. Analysis of the entire life-of-mine value estimation process shows that the selection of a cut-off grade and other parameters should be based on careful analysis. Determining the optimal cut-off grade of ore at a different period during the life of mine to maximize the value is often one of the most difficult challenges for a company.A cut-off grade is the lowest grade that mining activities will target. As a result the average mining grade, which drives the value of a project, will always be higher than the cutoff grade applied.According to Bascetin and Nieto (2007) cut-off optimization is still not widely practised. Cut-off grade optimization is an effort to maximize the value of a project by understanding the capacity constraints in the mine, mill, and the market. At any point during the life of mine, any or all of the limitations on tonnage mined, tonnage milled, and product sold may be constraining the system. To ensure cut-off optimization is done correctly, the capacity constraints must be independent of the cut-off grade."

Jan 1, 2016

By T. Tholana, P. N. Neingo

"A mineral resource constitutes the principal underlying asset of a mining company, and must be exploited and managed in such a way that maximum value is derived from it. Various asset management frameworks applicable to physical assets are available. This paper focuses on the extension of an asset management approach, particularly the Publicly Available Specifications (PAS) 55 asset management framework and the International Organization for Standardization (ISO) 55000 series of standards, to mineral assets. It is concluded that PAS 55 and the ISO 55000 series of standards can be extended to manage mineral assets, resulting in an integrated approach to sustainably optimize value from the company’s mineral assets. The benefits include improved returns on mineral assets, maximum mineral asset utilization, creation of an organizational culture focused on quality and continuous improvement, and assurance to stakeholders that the mineral assets are being efficiently managed over their entire life-cycle. In the context of this paper, a ‘mineral resource’ refers to both Resources and/or Reserves as classified by the SAMREC Code. IntroductionMining involves the extraction of valuable mineral resources from the Earth’s crust. A mineral resource is unique among natural resources in the sense that it is a wasting asset, which means that its value depreciates continuously with extraction. In addition, it is often impaired from time to time as commodity price changes (Macfarlane, 2011a). Since a mineral resource is a wasting asset there is a single opportunity available to optimize value from its extraction. Mine planning involves identifying a strategy to exploit the mineral resource in a way that maximizes value at an acceptable risk level throughout the life of mine (LOM). This optimum extraction strategy changes as economic conditions change, particularly commodity prices, as well as with improvements in orebody knowledge as mining progresses. It is the mineral deposit that competitively distinguishes two different mines and dictates the location of a mine; hence the adage ‘the orebody dictates’. Therefore, a mineral resource is the primary tangible asset possessed by mining companies and must be managed in such a manner that maximizes its value at an acceptable risk level (Macfarlane, 2011a)."

Jan 1, 2016