Search Documents

By A. Tosun

Muckpile fragmentation formed by blasting depends on the specific charge factor, the discontinuities in the rock mass, and the rock strength. Determination of the discontinuity characteristics and rock strength is a long and difficult process. These two parameters are directly associated with the rock drilling speed. Therefore, it is the drilling speed of the machine used for the blast-hole, rather than the blasthole discontinuity characteristics and rock strength parameters, that is used in the prediction of muckpile fragmentation before blasting. Primarily, it has been suggested that the muckpile fragmentation values can be correctly determined by establishing correlations between the efficiency of the loader and muck pile fragmentation, since fragmentation is directly correlated with the former parameter. Subsequently, a correlation predicting the drilling speed of the drill machine was developed according to the discontinuity characteristics of the blasting surface and the rock strength. Finally, a correlation was developed predicting muckpile fragmentation according to the specific charge factor and the drilling speed of the drill machine The data was obtained by conducting blasting tests in two different limestone quarries.

Nov 30, 2022

By Z. Xingrong, L. Jiongtian, Z. Yangge, C. Yijun, L. Liang, H. Yangjia, H. Long

In this present research, a polymer poly (acrylamide-allyl thiourea) (PAM-ATU) with an average molecular weight 1.66 × 104 g/mol was used as a depressant in the flotation separation of molybdenite from chalcopyrite and galena. The micro-flotation experimental results showed that PAM-ATU exhibited a strong influence on the flotation performances of chalcopyrite and galena, but had little effect on that of molybdenite within a pH range of 9.0~11.0 at a dosage of lower than 6.0 mg/L. The flotation results of bulk flotation tests illustrated that PAM-ATU showed a stronger depression power than sodium thioglycollate (TGA) and sodium sulfide. The comparison results demonstrated that PAM-ATU and TGA had an advantage in reducing galena and chalcopyrite impurities in the molybdenum concentrate, respectively. With the combination of PAM-ATU and TGA, a good flotation separation result was achieved through one roughing operation where the recovery of molybdenum in the froth product was over 75.0%, while the recovery of copper and lead were less than 22.0% and 15.0%, individually. It was also found that a molybdenum concentrate with Mo grade of 46.32%, Cu grade of 0.16%, Pb grade of 0.06%, was obtained by a closed circuit flotation flowsheet of one roughing-three scavenging-five cleaning with a Mo recovery of 77.67%. Keywords: PAM-ATU, molybdenite, depressant, chalcopyrite, galena

Jan 1, 2020

By I. Soto, E. Córdova, A. Anani

The new caving megaprojects that are planned to go into production in the next decade have scheduled horizontal developments at very high rates, which are difficult to achieve. Research has been conducted that seeks to model the construction times for underground developments to determine the feasibility of achieving the planned rates. However, these previous attempts do not consider all the operational aspects that make up the mine development cycle. Here, we present a discrete event simulation (DES) model that individualizes each unit operation of the development cycle to determine the construction rates that new projects will be able to attain. The developed model was applied to the New Mine Level (NML) of the El Teniente Division (DET). The results indicate that it would be impractical to achieve the advance rates scheduled in the original plans if the unit operations of the mine continue to be executed using the status quo. The metres developed after six years in the sections analysed can be significantly improved by changing the maintenance strategy for the equipment (457 metres increase), orepass availability (194 metres increase), and the initial planning sequence (1 598 metres increase). It is recommended that the mine implements a flexible maintenance strategy, defines a strategy to ensure and increase orepass availability to contractors, and makes use of current simulation tools for a more robust development sequence planning.

Oct 1, 2022

The annual General Meeting of the Branch was held in the St. Helena Club on Wednesday, 4th August, 1971 at 8.00 p.m. Mr N. A. Honnet (Immediate Past Chairman) was in the chair. There were also present Mr V. C. Robinson, President of the South African Institute of Mining and Metallurgy. Nine Fellows: Messrs J. R. F. Handley, C. J. Isaac, J. Lorenzon, J. M. Meyer, C. Mostert, D. A. Smith, S. L. S. Swart, I Thomas and R. G. Williams. Five members: Messrs R. Campbell, A. H. Edwards, K. Pearce, G. P. Rundle and R. B. Sutherland. Five graduates: Messrs J. E. Andrews, E. J. Shillaber, M. H. Smith, T. R. Stromsoe and D. J. van Niekerk. Two associates: Messrs A. Paschalides and D. S. Robinson. Eight visitors. Total present: Thirty-one. MINUTES OF THE PREVIOUS GENERAL MEETING As the minutes of the General Meeting held on the 16th June, 1971, had not been published in the Journal, the Chairman moved that the adoption and discussion thereof be deferred to the next General Meeting. This motion was adopted unanimously. The minutes of the General Meeting held on the 10th February, 1971, were taken as read. The adoption, which was proposed by Mr D. A. Smith and seconded by Mr J. M. Meyer, was carried unanimously. At Mr Honnet's request, Mr V. C. Robinson took the chair during the presentation of the Chairman's Annual Report. CHAIRMAN'S ANNUAL REPORT 1970/71 1970/71 Committee-Office Bearers: Chairman - J. N. Saunders Vice Chairman - G. Y. Nisbet Immediate Past Chairman- N. A. Honnet. Due to the sudden retirement of Mr J. N. Saunders, the committee, at a meeting on the 3rd February, 1971 elected Mr G. Y. Nisbet as Chairman with Mr J. M. Meyer as Vice Chairman. After the transfer of Mr Nisbet to C.D.M., the committee, as a meeting on the 12th May, 1971, decided that Mr Meyer hold the Chair in an acting capacity for the remainder of the year. Committee members: Messrs C. J. Isaac, J. G. Kirchener, L. O. W. Leimer, R. S. Pearson, I. G. Thomas and A. von Holdt. Transfers of several office bearers and committee members resulted in Messrs J. M. Meyer, D. N. Smith and G. C. J. Young being co-opted onto the committee.

By G. Coetzer

"Prior to operating a non-recovery coke pilot plant, it was critical to ascertain coal cake stability during the loading of a 1 m3 coal cake into the oven. Various compaction parameters were verified and established on a small laboratory-scale compaction machine to obtain a coal cake of acceptable stability. These parameters include cake density, cake surface moisture, transverse strength (force applied perpendicular to the original compacted coal cake layers), and applied force to the coal cake. This work determined the behavioural characteristics of the coal while being compacted either with a full-sized or a 1/3-sized compaction plate in a 9 kg capacity mould. Two different coals were evaluated, namely Waterberg semi-soft coking coal (sscc) and Oaky North hard coking coal.The target wet cake density of 1 100 kg/m3 (79% of 1 400 kg/m3 relative density) was achieved for Waterberg sscc, with a particle size d50 varying between 0.6 mm and 1 mm, utilizing the 1/3-sized compaction plate in the laboratory-scale set-up, with 11.6% surface moisture and 92.2 t/m2 commercial equivalent applied force. For Oaky North hard coking coal, a wet cake density of 1 189 kg/m3 (85% of 1 400 kg/m3 relative density) was achieved at a surface moisture content of 12.3% and at a lower applied force than that for Waterberg sscc, i.e. 78.5 t/m2.Coal cakes of acceptable strength, and therefore sufficient stability for further processing, were obtained for all materials evaluated during this study.Further studies should be conducted to determine the effect of zeta potential during the compaction of coals.IntroductionExxaro Resources has successfully installed and commissioned a world-class stamp-charging horizontal 1 t electrically-heated pilot-scale coke oven at its Metallurgy Services facility. Prior to operating the coke non-recovery pilot plant, it is essential to ascertain coal cake stability during the loading of a 1 m3 coal cake into the oven. The design of Exxaro’s pilot plant is such that the coal cake is pushed inside the oven by means of a pusher plate, rather than through a ‘spoon’ feed mechanism, such as is found in industrial horizontal coke ovens. The pusher plate loading mechanism dictates that the coal cake should possess high stability and inherent strength during loading into the oven, owing to frictional forces exerted by the oven floor. In order to obtain a coal cake of acceptable stability, various compaction parameters needed to be verified and established on a small laboratory-scale compaction machine."

Apr 1, 2019

By S. Mohanta, B. C. Melkap

"SynopsisDry beneficiation of coal by air dense medium fluidized bed is an emerging trend. It is widely believed that the particle size of the medium has a significant effect on the separation efficiency. This investigation demonstrates that medium particle size has a major effect on separation efficiency. Experimental results show that different size fractions of the same feed respond differently to the same size fraction of medium solids. Furthermore, a particular size fraction of feed coal responds differently with different size fractions of medium solids. The Ep values and overall metallurgical performance parameters, obtained from experimental results, clearly indicate the superior performance of an air dense medium fluidized bed separator when using –150+106 µm magnetite powder as the fluidizing medium. These observations reinforce the importance of sizing the medium particle size for the air dense medium fluidized bed.IntroductionIn an air dense medium fluidized bed (ADMFB), a fluidizing bed of a particular density is created by suspending solid particles in an upward air flow. A feed containing coal particles of different densities is introduced into this fluidizing bed. The particles with relative density less than the bed density float on the top of the bed, while particles denser than the bed density sink through it. Since there is a general correlation between ash content and density of coal particles, it is possible to remove ash-forming impurities from a raw coal to the required level by regulating the density of the fluidizing bed. Recently, the ADMFB process has received significant attention world-wide for its specific advantages of low operating cost and less restrictive for small capacities (Luo and Chen, 2001; Houwelingen and de Jong, 2004; Dwari and Hanumantha Rao, 2007; Sahu et al., 2009; Mohanta et al., 2012). This process is not recognized as a well-established industrial practice because of the availability of efficient wet processing technology. However, with the revival of interest in dry beneficiation of coal in general, and ADMFB in particular, there is a concerted effort to improve the efficiency of the ADMFB process, and successive improvements have made the process a competitive and viable option for beneficiating coal."

Jan 1, 2015

By A. Tekin

In almost all branches of industry, machinery and equipment in operation cause vibration. Some sources of vibration affect only the operator’s hands, fingers, and arms, while others have adverse effects on the entire -body. Various types and numbers of machines are utilized in the mining sector, and operators with them are exposed to mechanical vibrations caused by the mining machinery they use. A field study was conducted to evaluate the vibration risks to the operators using mining machines in open pit mines. Vibration levels and whole-body vibration (WBV) measurements using various types brands, and models of construction equipment were evaluated in three different mines in the west of Turkey and compared to the the criteria specified in the EU 2002/44/EC directive and ISO 2631-1 (1997) standards. The results showed that operators using mining machinery for 8 hours were exposed to WBV levels below the EU limit (1.15 m/s2), while 44% of these operators were exposed to levels above the EU action limit (0.5 m/s2). Measurement data collected from the working environment and the recommended improvements that need to be made to reduce WBV exposures are presented.

May 2, 2022

What is a nugget effect? In the early development of geostatistics, the term ?nugget effect? was coined for the apparent discontinuity at the beginning of many semi-variogram graphs. This name was chosen to reflect the large differences found between neighbouring samples in ?nuggety? mineralizations such as Wits gold reefs. Geostatistical theory assumes that the difference between a sampled value and a potential repeat sample at the same location is actually zero. Included in this ?nugget effect? would be true variation between contiguous samples due to the nature of the mineralization, micro-fracturing, nugget or crystal size and so on. Also included in the nugget effect would be any ?random? sampling variation which might occur due to the method in which the sample was taken, the adequacy of the sample size, the assaying process, etc. Arguments were put forward that ?sampling errors? actually exist at zero distance. Some geostatistical schools actually maintain that ?nugget effect? is all sampling error. This would imply that ?perfect? sampling would eliminate the nugget effect entirely. There is now a dichotomy both in the geostatistical world and in the software packages provided for geostatistical analyses. It may seem academic to argue over whether the semi-variogram model should take a value of zero, a value equal to the nugget effect or a partial value at distance zero. However, the decision can have a profound effect on both the estimated resource and in our confidence on that resource. Whereas most geostatistical texts define the semi-variogram model as taking the value of zero at zero distance, others imply that the full nugget effect should be used at zero distance. For example: ?The nugget effect refers to the nonzero intercept of the variogram and is an overall estimate of error caused by measurement inaccuracy and environmental variability occurring at fine enough scales to be unresolved by the sampling interval3. ?Christensen4 has shown that the ?nugget effect?, or non-zero variance at the origin of the sernivariogram, can be reproduced by a measurement error model. ?The nugget effect is considered random noise and may represent short-scale variability, measurement error, sample rate, etc.5. In many training texts and web courses, the definition of the semi-variogram is ambiguous as the formulae for semi-variogram models is not actually specified at zero distance6,7,8.

Jan 1, 2009

By B. McFadzean, M. Tadie, T. Dzingai, M. Becker

Ores from a single deposit may exhibit extensive variability in their mineralogy and texture. The ability to quantify this variability and link it to mineral processing performance is one of the primary goals of process mineralogy. This study focuses on the effect of alteration in three platinum group element ore samples from the Great Dyke in Zimbabwe – two of which were more pristine compared to the third, which was locally classified as ‘oxidized’ ore. These ores are known to be characterized by varying degrees of alteration, resulting in numerous challenges in flotation and affecting both grade and recovery. Alteration, by near-surface oxidation, of the valuable base metal sulphides and platinum group minerals resulted in lower flotation recoveries of Cu, Ni, Pt, and Pd. Evidence of incipient oxidation was more readily observed in the base metal sulphide assemblage than the platinum group mineral assemblage, even though the loss in recovery (because of oxidation) was most significant for Pd. Alteration through hydration resulted in a significant increase in mass pull and dilution of concentrate grade through the inadvertent recovery of naturally floating gangue comprising composite orthopyroxene and talc particles. In this study, the amount of naturally floating gangue was more strongly correlated with the talc grain size distribution than the grade of talc in the flotation feed. The oxidation and hydration alteration reactions are not necessarily mutually exclusive, although one may be more dominant than the other, giving rise to ore variability.

Sep 1, 2021

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

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

Jan 1, 1988

By Z. Zhang, J. Niu, H. Wang, Y. Xu, J. Shi

Tribo-electrostatic separation is a promising method for effectively utiliing low-grade magnesite resources by removing quartz and improving the grade of magnesite. To determine the chargeto- mass ratios of pure magnesite and quartz, a triboelectric measurement system was employed, and a laboratory tribo-electrostatic separation system was used to separate low-grade magnesite. The results showed that the maximum difference in charge-to-mass ratio between pure magnesite and quartz particles was observed after friction with polyvinyl chloride. The grade and recovery of magnesite increased with temperature and initially increased with increasing voltage, feed rate, and air flowrate before gradually decreasing. The optimal conditions resulted in a concentrate with 46.91% MgO content and 77.36% recovery, while the quartz content decreased from 7.02% to 1.95%. These experimental results demonstrate the effectiveness and potential of tribo-electrostatic separation in removing quartz and upgrading magnesite.

Apr 14, 2024

By Dave Deglon, Andrévan der Westhuizen

Objectives ?Survey typical Met Accounting streams at the Zincor refinery ?Determine Precision in Metal Conc?s Measurements for Monthly Met Balance ?Determine the Components of Variance in these Met Acc Values (Sampling, Preparation, Analyses) ??Common plant practice? should be mirrored even though not always in perfect agreement with ?laid down procedures? or ?good practice? ?Mass Measurement and Inventory Measurement was considered in less detail ?not reported here

Jan 1, 2005

MASSMIN 92 edited by H.W. Glen. Johannesburg, The South African Institute of Mining and Metallurgy, 1992. xiii, 485pp. ill. 30 cm. (SAIMM Symposium Series S12). Includes bibliographies. ISBN 1-874832-18-8. R342 (MemberR285; Student Member R218,88. Available in Australia from the AMF Bookshop, 63 Conyngham Street, Glenside, SA 5065 at $A171.00 (approx). This volume is the twelfth in a series of symposia published by The South African Institute of Mining and Metallurgy since 1962. This particular meeting addressed the subject of the underground mining of massive ore bodies.

Jan 1, 1994

Council and Standing Committees, 1977-1978 President: P. A. von Wielligh. Vice-Presidents: Dr M. G. Atmore and D. A. Viljoen. Honorary Treasurer: J. K. E. Douglas. Immediate Past President, Dr M. D. G. Salamon. Members of Council: J. D. Austin, A. N. Brown, A. A. Hazell, Dr P. R. Jochens, Prof. R. P. King, Dr D. G. Krige, Prof. F. Q. P. Leiding, D. G. Malan, J. C. Mostert, H. G. M. Rose, W. T. Ruhmer, A. A. Sealey, R. A. von Maltitz. Chairman, Witbank-Middelburg Branch: T. S. Wilmot. Chairman, Orange Free State-Klerksdorp Branch: A. N. Shand. Past Presidents Serving on Council: R. J. Adamson, H. Britten, J. K. E. Douglas, Prof. D. D. Howat, Dr J. P. Hugo, D. G. Maxwell, Prof. R. P. Plowman, Dr R. E. Robinson, P. W. J. van Rensburg. Standing Committee Chairmen: Membership, D. A. Vil¬joen; Technical Programme - Metallurgy, Dr P. R. Jochens ; Technical Programme - Mining, Dr D. K. Krige ; Vacation School - Metallurgy, Prof. R. P. King ; Vacation School - Mining, Dr M. D. G. Salamon; Awards, Dr M. D. G. Salamon; Excursions, Dr M. G. Atmore; Adjudication, Dr M. D. G. Salamon; Consti¬tution, Rules, and Policy, Dr M. D. G. Salamon; Mines and Works, P. A. von Wielligh ; Education, Dr M. D. G. Salamon; Monograph Series, Dr R. E. Robinson; Phoenix National Committee, Dr R. E. Robinson ; Pyrometallurgical Discussion Group Convenor, Dr J. B. See/Dr D. I. Ossin.

Jan 1, 1979

By J. H. Zietsman, M. W. Erwee, Q. G. Reynolds

Pyrometallurgical furnaces, essential for metal extraction, operate at temperatures exceeding 1600°C and represent complex multiphase systems that challenge direct industrial research. Multiphysics models play a key role in shedding light on their intricate behaviours, supporting the refinement of design and operational strategies. Integral to the operation are the tap-holes, which facilitate the removal of molten products and are routinely opened by lancing, a process comparable to the use of a cutting torch, where high temperatures result from oxygen reacting with an iron lance. When the lance pierces the clay, oxygen gas enters the furnace, which could influence the behaviour of the molten material inside. In this work, a multiphase fluid flow model was used to investigate bulk flow dynamics, with a focus on the effects of the lancing process on the inside of the furnace, immediately behind the tap-hole. Incompressible and compressible multiphase fluid solvers were used and compared with respect their performance – the intention was to assess whether using a compressible solver would yield a different solution to the incompressible one. It was concluded that there are negligible disparities in bulk fluid flow behaviour between the solvers for the case studies examined, indicating that solver selection might be less consequential for certain aspects of oxygen lancing.

Apr 16, 2024

By B. P. Watson, T. J. Maphosa, D. P. Roberts, L. J. Gardner

The results of FLAC3D modelling on chromitite Upper Group 2 Reef pillars from the Bushveld Complex of South Africa are described. The model input parameters were determined from laboratory triaxial tests with post-failure measurements. These geomechanical tests were performed on rock materials within the pillars and the immediate pillar foundations. In the models, postfailure behaviour was simulated using the concept of cohesion softening. Models were built to determine the strength and behaviour of pillars with a width-to-height ratio of approximately two. The original research aimed to find a suitable depth below the surface where Impala Platinum Ltd could safely introduce crush pillars; however, the paper only describes the model results: the ideal depth of the crush pillar introduction is not discussed. The results of the modelling are compared with the PlatMine formula for peak pillar strength and with an underground instrumented pillar located elsewhere on the same reef. Some insight into the effects of grid size on strength is also provided. Further underground measurements are recommended to verify the model results

Sep 9, 2024

YEAR 1943-1944 Vol. 44 Page A major change-over in the ventilation of a deep level mine, by F. G. Hill and E. C. Ranson, 27; Discussion 56, 62, 67, 71, 72, 79, 123, 129 131 A note on the quarrying of surface limestone in the Sinai Desert, by V. L. Bosazza.. .. 59 Mining with diamond drills at the Nkana Mine of the Rhokana Corporation, Limited, Northern Rhodesia, by W. A. Odgers and A. G. Stirling, 95; Discussion 117, 121, 122 123 On silicates and dusts from the Witwatersrand gold mines (some preliminary notes), by J. J. Frankel, 169; Discussion .. 178 Presidential Address-Review of the rock pressure problem, by C. Biccard Jeppe, 3; Discussion 11,15 17 The chemistry, production and application of plastics, by P. N. Lategan, 138; Discussion 151 153 YEAR 1944-1945 Vol. 45 Page A microtechnique for the size-grading of mine dust, by S. R. Rabson, 34; Discussion 49, 50, 52 55 Activated carbon for regenerating used lubricating oil, by F. J. Tromp and J. J. Matthee 90 A contribution to the study of the production of zeolites, by C. C. le Grange and A. J. Petrick 235 A laboratory method for the determination of the suitability of South African coal and coal blends for the manufacture of metallurgical coke, by R. F. J. Teichmann .. .. 202 Copper containing cements for self-sanitising surfaces, by R. S. Young and H. L. Talbot 156 Notes on some sulphide minerals from the Far East Rand, by E. Mendelssohn, 84; Discussion, 88 89 Presidential Address-A review of underground support on the Witwatersrand with its Bearing on the Problem of ultradeep mining, by P. J. Louis Bok, 3; Discussion, 24, 25 27 Scientific management with particular application to a Witwatersrand gold mine, by J. S. Ford, 63; Discussion, 77, 80, 82 83 Some aspects of rock-drilling practice (the Witwatersrand gold field), by C. J. Irving, 163; Discussion, 185, 190 *197 Temperature measurements in a mine on the Witwatersrand with an electrical resistance thermometer, by O. Weiss, 127; Discussion, 136 137 The measurement of the geo-thermic gradient by means of the clinical thermometer, by R. A. H. Flugge-de Smidt, 105; Discussion, 136 137 The micro-chemical determination of free and combined silica in mine dust, by S. R. Rabson, 43; Discussion, 49, 50, 52 55 The oxidation of pyrites associated with South African coals, by R. F. J. Teichmann 141 YEAR 1945-1946 Vol. 46 Page Air cooling plant, No. 4 Shaft, City Deep, Limited. A review of layout and results achieved, by H. W. Unwin, A. Malcolm and R. E. Campbell Pitt, 66; Discussion, 100, 102, 103, 106, 110 115 A preliminary note on the Waterberg coal field as a possible source of coking coal, by P. E. Hall 124

By L. Zhang, Y. Zhou, H. Wang, C. Mo

Fluorination of magnetite (Fe₃O₄) by NH₄HF₂ was investigated using simultaneous thermogravimetry and differential thermal analysis (TG-DTA), and observing the morphology and phase changes using scanning electron microscopy with energy dispersive X-ray spectroscopy (SEM-EDS) and X-ray diffractometry (XRD). The results indicate that fluorination with the involvement of oxygen begins at room temperature, peaks at 178.40C, and is completed at 2000C with the formation of only (NH₄)₃FeF₆. On heating, (NH₄)₃FeF₆ gradually releases NH₄F by the formation of NH₄FeF₄ at 2590C, then (NH₄)0.18FeF₃ at 3270C, and finally FeF₃ with minor FeF₂ at 4000C due to the partial reduction of Fe (III) to Fe (II). At 5500C, FeF₃ is oxidized to FeOF/Fe₂O₃.

Dec 13, 2022

By G. R. Lane

A large opencast gold mining company in Africa had just completed a feasibility study for the expansion of the operations. A traditional net present value project valuation methodology had been used that showed a very positive net present value (NPV). The project team had conducted a qualitative risk assessment that identified and logged all potential project risks and had subjectively incorporated ?risk? via the discount rate and other assumption contingencies around gold price expectations, operating parameters etc. Management requested that an independent quantitative risk modelling approach be adopted to obtain a better understanding of the impact of risk on the overall project valuation and confidence level in the final valuation. A detailed project valuation model was configured in the Carbon Modelling Technology and the stochastic modelling module used to perform the Monte Carlo simulations. Analysis of historical operational performance data relating to actual achievements versus planned and budget determined the historical variability of the underlying parameters as well as variance to budget. This was done at a detailed level for mining rates and costs, processing rate, costs and recovery, and other operational efficiency measures. External market assumptions relating to gold price, exchange rate, and inflation were modelled and the dependency between them modelled using a copula. This case study will demonstrate the approach taken to building and populating the quantitative risk model and the overall results of the Monte Carlo simulation. The final valuation demonstrated that the project had a 44 percent probability of an NPV less than zero i.e. 44 percent chance of project finance loss.

Jan 1, 2012

By D. Stone, M. Le Roux, Q. P. Campbell, M. Fofana

Float-and-sink analysis is widely used in the coal industry to obtain washability data, yielding important information about beneficiation potential and performance. This method is associated with health and environmental problems, and research into alternative densimetric methods is important. The RhoVol is a new technology developed by De Beers Group Technology South Africa (DebTech) for the image-based generation of densimetric data from ores. The analysis is done on a per-particle basis, within a size range of +3 mm –8 mm. In this paper we compare the established methods used for the float-and-sink analysis of coal with a new method using RhoVol. The aim of the study was to determine the validity of the information obtained from the RhoVol analyser by performing comparative densimetric analysis on three different coal samples. The results showed that the RhoVol method was more rapid, safe, and precise, but tended to consistently underestimate the density of the coal sample, probably due to varying coal porosity.

Oct 3, 2023