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By Q Liu

Open stoping is one of the widely adopted methods in underground bulk mining. In this method, fanned or parallel holes are often drilled from a top sill down to a sublevel in the ore zone and blasted ring by ring into a stope for excavation. A mass stope blast may involve blasting rock from multi-level drift rounds and displacing the muck to specific locations in order to allow safe and easy access for ore removal. This paper presents a strategic mass stope blast that took place at a large lead and zinc underground mine in eastern Canada. The blast consisted of more than 800 holes drilled in six blocks from three different sublevels. The challenge lay in the control of ground vibration and muck movement using precise timing to complete the blasting within 6.5 seconds. During this time span, sufficient voids were created in each level to allow the muck to move from the upper to the lower levels in sequential order across the six mining blocks without bridging. This paper describes stope blast simulations using a discrete element computer code for modeling blast-induced rock displacement as well as the application of electronic detonators. These detonators provided the means to accomplish the desired firing sequence including a drop raise blast at the start of the mass blast. The modelling concept is also described in the paper.

Jan 1, 2005

By G J. Showers, P Botman, A G. Hunt

Iron Road Limited (Iron Road) is currently evaluating the feasibility of producing 21.5 Mt/a of high-grade (>66 per cent Fe) magnetite concentrate from a 3.7 Bt resource (JORC) located at Warramboo on the central Eyre Peninsula in South Australia. Bulk concentrate can be produced via a conventional grind and low-intensity magnetic separation flow sheet. Due to the comparatively coarse magnetite liberation size (106 µm), consideration was given to enhancing both the grind economics and coarser product sizing via gravity separation.This paper outlines the test work, flow sheet design and engineering design of a gravity beneficiation circuit (GBC) conducted by Mineral Technologies for Iron Road. The resulting circuit optimisation necessitated mass balance simulation by Iron Road’s SysCAD model to quantify the resulting changes in mill recirculation load. This included the determination of project-critical grinding power and energy requirements with and without the GBC installed into the primary ball mill classification circuit. The outcome of this work was the design of a GBC, including spirals and up-current classification, which led to a substantial reduction (33 per cent) in ball mill recirculating load and power requirements, together with a favourable coarsening of final product size due to the relatively coarser gravity concentrate. This has led to a significant reduction in project design capital and operating costs. A further benefit of this approach is increased recovery of (paramagnetic) hematite and lesser titano-hematite via gravity separation compared to an all-magnetic separation approach.CITATION:Hunt, A G, Showers, G J and Botman, P, 2015. Test work and design of a gravity circuit for Iron Road’s Central Eyre Iron Project, in Proceedings Iron Ore 2015, pp 139–142 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Jul 13, 2015

By T J. Sullivan, H Pinkster, G Swarbrick

From 2002 to 2006, longwall mining was undertaken directly beneath the Cataract Tunnel, which is a 100-year-old, heritage-listed tunnel in Hawkesbury Sandstone responsible for delivering 20 per cent of Sydney’s annual water supply. At one location, undermining resulted in movement of at least 350 mm along a known fault that transects the tunnel. During this movement, the continued operation of the tunnel was ensured through a careful system of planning, monitoring and management.Of key importance to the success of the operation was the use of advanced numerical modelling to guide operations at all levels, including feasibility assessment, pre-mine mitigation works, monitoring design, operation performance and post-mining condition. This allowed many aspects of the potential impacts to be explored, including joint movements, rock mass deformations and changes in permeability. A key challenge was to successfully model near-field influences on adverse geological structure due to very far-field effects. This paper explains the model’s conceptual development, calibration, performance and limitations.Modelling provided the confidence to manage the impacts of large mining-induced movement on key infrastructure and ultimately predicted fault movement accurately. The fault movement remains one of the highest ever recorded due to mine subsidence.CITATION:Swarbrick, G, Sullivan, T J and Pinkster, H, 2014. Longwall mining beneath critical infrastructure – prediction versus performance of the Cataract Tunnel, New South Wales, Australia, in Proceedings AusRock 2014: Third Australasian Ground Control in Mining Conference , pp 157–166 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Nov 5, 2014

By A G. L Pratt

Operational readiness is a commonly used term in mining and many other industry settings. However, translating this term into a coherent scope of work that is practical and meaningful is a challenge faced by many mining projects. This inhibits the allocation of resources to the work and its completion. The problem is with understanding how the terminology applies to establishing a mining operation. Resolving this problem requires clarity around what operational readiness means for a mining project’s transition to operations and who owns the tasks of completing operational readiness. The motivation for resolution of this problem is in appreciating the consequences arising from any lack of clarity in definition of this task, the timing of the work, and ownership for its completion. In broad terms, these consequences amount to an erosion of value at a critical time for both the new mine and the company and shareholders. This situation often arises where operational readiness is not adequately addressed in project’s study phases. As a result, neither time, resources nor money are adequately provided to complete the work required. In other cases, operational readiness is sometimes assimilated with the delivery of the project’s physical assets by the project’s construction team, rather than aligned with the establishment of the operating team to deliver the desired operational outputs. This paper argues that operational readiness starts in a project’s study phases and flows through into the start of operations. The definition of operational readiness is discussed as a task, and a model for its planning and completion is presented. This discussion includes assigning ownership for operational readiness planning and delivery to the General Manager of a new operation and the operations leadership team, who are central to the success of this work. After all, the reputations of this leadership team depend on the performance of the operation in its first few years. The author’s work over the last 20 years, leading operational readiness programs and the preparation of feasibility studies for mining projects, has provided the insights and evolution of ideas that are central to this paper. Operational readiness is fundamentally directed at ensuring a new mining operation gets away to a successful start and builds a solid foundation for the future of the mine/operation/province. It requires clarity of purpose, ownership and coordination by people in the operating team, and their preparation of the requisite process definition and establishment of the significant relationships required for operations. Without its successful completion, it is unlikely the new operation will meet and sustain its start-up targets. This paper discusses a practical approach to operational readiness for mining projects.

Mar 29, 2023

By H Esterhuizen, W Hartman

Rockfalls or significant deterioration of mine openings can have significant safety and financial impacts for mining operations. The failure of drives in underground mines sometimes highlight deficiencies in the mine risk management systems in detecting geotechnical hazards and to prevent events that can have significant impact. Consequences from these failures includes fatalities, injuries, loss of revenue, additional cost, and potentially a loss in Ore Reserves. Where the impacts are severe, it also affects families and communities linked to the operation. The assessment of underground excavations requires consideration of the full range and spectrum of geotechnical hazards, design aspects, ground support, layouts and sequences. Where the assessment of these are insufficient or incorrect, it can result in drive failures. Care must be taken that meeting production targets and personnel pressures do not result in a situation where production take preference over a proper risk-based assessment of the drives to be mined. The risk management approach is now widely accepted in the mining industry for the control and management of risks in underground mines. Codes of Practices (COP’s), Ground Control Management Plans (GCMP), Principal Hazard Management Plans (PHMP’s) and technical guidance documents has become the norm for describing the mines main hazards, risk levels and intimating controls for safe passage of vehicles and mine personnel. However, where there is a disconnect between these documents and what is actually being done at the mine site, the COP’s and/or Management Plans become ineffective (or vice versa). This disconnect may occur due to the actual content of these documents, a lack of resources, or a lack of understanding about the implementation. There is therefore a need for sites to have a documented and implemented risk-based approach for assessing underground mine development. This approach or system needs to identify all hazards and other factors affecting mine development stability early on in the design process, and outline the risk classification and controls required. This paper presents an amalgamation and modification of previous processes for a Geotechnical Risk Management System for Underground Mine Development. CITATION:Hartman, W and Esterhuizen, H, 2018. A geotechnical risk assessment tool for underground mine drives, in Proceedings The Fourth Australasian Ground Control in Mining Conference (AusRock), pp 235–253 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Nov 30, 2018

By Satayev IS, Shepelev DV

Various ways for applying the X-ray fluorescent method to process lump-by lump separation of secondary aluminium raw materials (scrap, slags, waste) as well as ferrosilicon and ferrochromium are being considered and physically demonstrated. A commercial X-ray radiometric sorter has been developed for processing secondary raw materials. Marketable quantities of aluminium scrap with appropriate copper and zinc content have been produced for smelting with a minimal additional of pure aluminium. An industrial complex for scrap processing, incorporating two X-ray radiometric sorters from the Hammermils company is successfully operating at one of the works in Russia.

Jan 1, 1993

By Jones JJ

A laboratory study of size segregation is described using a model of a Paul Wurth hopper industrailly employed for blast furnace charg- ing purposes. Experimental charge materials used in the study were glass ballotin.i (1-4mm dia.) and sinter fines (0.25-4mm). The tracer material employed consisted of coloured glass beads. The results of the study show that the discharge stream from a Paul Wurth hopper is characterised by an initial negative segregation followed by a positive segregation and that this segregation pattern is a property of the hopper geometry and the filling conditions. A simple computer model based on experimental tracer concentration results is proposed. The measured segregation results and those predicted by the model show close agreement. Application of the results with special reference to the effect of size segregation on charge permeability in blast furnaces is also included.

Jan 1, 1984

By C M. Ramotsabi, F Bornman, W Erasmus

Spiral concentrators are gravity based separation devices used for the preparation of coal, iron and heavy mineral ores (Wills, 1992). Gravity concentration remains the main separation method for fine iron ore and is used extensively for treating many minerals. Gravity concentration methods separate minerals of different specific gravity by their relative movement in response to gravity and one or more other forces, the latter often being the resistance to motion offered by a viscous fluid such as water or air (Wills, 2006).The main operating variables for a spiral concentrator are the feed rate, the slurry concentration, the wash water addition and the position of the splitters used to separate the tailings, middlings and concentrate streams (Sadeghi, Bazin and Renaud, 2014). Wash water is an important control variable used to wash away entrapped light minerals from the concentrate stream (Burt, 1984; Bouchard, 2001). Sadeghi et al concluded the spiral operation to be sensitive to the wash water flow addition and resultant economic trade-off. Increasing the wash water flow rate increases the concentrate grade at the expense of the iron recovery.The paper addresses the effects of dripping wash water onto the concentrate stream of a spiral processing fine iron ore. The dripping wash water system offers a low flow alternative and could possibly provide a good balance between grade and recovery of valuable minerals without using excessive water. The Multotec SC20HC/7 WW spiral was used for the experimental test work. The spiral was tested at varying solids concentrations; the wash water rate and the splitter positions were kept constant.The use of wash water at 30 per cent, 35 per cent and 40 per cent solid concentration improved the Fe grade in the concentrate by about 1.5 per cent, six per cent and eight per cent respectively. The additional SiO2 rejected by the wash water is approximately three per cent, nine per cent, and 11 per cent at 30 per cent, 35 per cent and 40 per cent solid concentration respectively. Addition of wash water is shown to have minimum effect on grade at 30 per cent solid concentration, and Fe upgrades obtained with and without wash water were found to be similar. Notable upgrades were observed at 35 and 40 per cent solid concentration with wash water. The results obtained suggest that the additional SiO2 rejection by wash water increases with an increase in solid concentration. This suggests that the benefit of using the drip system is notable at higher solid concentration. It is believed that at lower solid concentration SiO2 particles are reasonably free to move around and are possibly less entrapped than at high solid concentration.The Fe grade/recovery and solid concentration relationship with wash water showed a non-linear correlation. The Fe grade increases with an increase in solid concentration up to a somewhat optimum point and then drops as solid concentration increases further. The recovery of Fe on the other hand follows a converse relationship with solid concentration, the recovery decreases from 30 per cent to 35 per cent solid concentration and then increases again at 40 per cent solid concentration. The increase in recovery at higher solid concentration could possibly be explained by the fact that the mass yield to concentrate also increases with solid concentration. Since recovery is a function of both grade and mass yield, the higher recovery at 40 per cent solid concentration is likely due to the high mass yield obtainable at 40 per cent solid concentration.The drip system could therefore possibly offer a safe guarding against grade and solid concentration variations without using excessive water, and possibly ensure that a product within specification is maintained.CITATION:Ramotsabi, C M, Erasmus, W and Bornman, F, 2015. Optimisation of wash water on an iron ore spiral to improve grade, in Proceedings Iron Ore 2015, pp 175–184 (The Australasian Institute of Mining and Metallurgy: Me

Jul 13, 2015

A model of dense medium cyclones is developed based on balancing the terminal velocities of the discrete particles due to the centrifugal force against a random turbulent eddy velocity. An expression of the form P - or Q _ 1 100 e."A where P is the partition number., is a function of cyclone efficiency, particle size and density differential between the particle and medium, and is the slurry spilt, is developed and may be used for regressing plant partition data. The above model provides an understanding of peculiarities of the partition curve such as asymmetrical tails, elevation of the cutpoint and elevation of the d50 with increasingly fine feed. The effect of feed variables such as particle size, medium viscosity and changes in spigot or vortex finder diameter is shown. A means of convoluting the partition curve with various feed washabilities is discussed together with how the above may be used to evaluate plant performance for a variety of feeds.

Jan 1, 1987

By Hall J. S, Zuiderwyk M, Reid A. F

A prototype version of a computer controll- ed on-line scanning electron microscope image analyser, employing the real-time signals ob tamed by digital control of the electron beam has been used to obtain statistical quantificat lion of a wide range of mineral grain character istics, including composition, size distribut- ion, and degree of liberation. These propert lies have been determined for suites of whole particles of flotation concentrates, mounted without further preparation. The facility is also well adapted to the measurement of general Istereological parameters. The computer control software is based on an operating system which includes the device drivers and which is linked to FORTRAN programs [containing the procedural algorithms. The beam scanner provides a 4000 x 4000 point raster swept at a 10 Mhz rate in steps of 1 to 200 points and a set of up to 8 signal channels which respond to electron or energy dispersive X-ray signals to provide a digital attern.characterizing the sample composition. the beam is stepped at high speed until a part- 'cle or phase boundary is encountered; a longer well time is set if X-ray data is required. he digital scanner interrupts the computer

Jan 1, 1977

By B Upton, J Mitchell

The use of hydro scaling and in-cycle shotcrete to replace conventional jumbo scaling, mesh and bolting as the primary method of ground control for run of mine development has been investigated through extensive trials at the Waroonga mine, Agnew Gold Mining Company.These trials have progressed from investigating the productivity aspects of the method through to a three month mine-wide trial, which may yet lead to the adoption of this potentially best practice ground control technique at Agnew.Ov erseas trials and research have shown that hydro scaling results in a significant improvement in the shotcrete-rock bond strength. Good adhesive bond strength ensures that the shear strength of the shotcrete layer rather than itÆs flexural or tensile strength is fully mobilised as rock mass reinforcement.This maximises shotcretes ground reinforcement capability and it is suggested that a bolt-less fibrecrete support design is feasible using the hydro scaling technique.

Jan 1, 2005

Robertson Diasol have developed a spectral gamma-gamma tool fully able to withstand borehole conditions. Spectral data is digitally recorded across 256 channels depending on energy levels of the photoelectric effect. Data processing is being developed with the objective of calibrating channel amplitudes to mineral type which will lead to a direct log of selected mineral grade as a continuous trace with depth.

Jan 1, 1990

By W A. Peck

Raise boring is the preferred option for constructing ventilation shafts in Australia. The trend has been towards larger diameters and longer single-pass shafts, and if at all possible, reaming through to the surface. The risk of raise failures, due to missed, unforseen or latent ground conditions has therefore been increasing, along with the need for better, more confident stability assessments.While the stability of specific weak zones and structures must be assessed individually, empirical rock mass classification schemes have been successfully used for about the last 20 years to assess general raise stability; eg the McCracken and Stacey method (M&S).Unfortunately M&S, as originally documented in McCracken and Stacey (1989), did not include a database of raise diameter and rock mass conditions versus actual performance. Nor was there a procedure for assessing the risk of failure due to adverse ground conditions. Peck and Lee (2008) published an Australian database of raise bore performance. Raise diameter and ground conditions, in terms of a lower bound Qr value, were presented for 50 cases versus raise performance. This paper updates the 2008 raise performance plot with more and SRF-corrected data. McCracken and Stacey (1989) had previously recommended that additional geotechnical data should be acquired and analysed when the proposed raise plotted on the unstable side of raisebore stability ratio (RSR) = 1.3, but the Australian data used in this study also suggests that all sites with Qr Contributions and sensitivities of various rock mass parameters (RQD, Jn, Ja, Jr, Jw, SRF, time-dependent weathering/deterioration) to raise stability and risk of failure are discussed. Numerous case studies are used to illustrate issues with stability assessments.As raises can now be remotely supported using sprayed fibrecrete, questions of time-dependency are also discussed. In recent times, contiguous piles, ‘mini-piles’ and grouting have also been successfully used to presupport or otherwise improve the stability of near-surface sections of weathered, or poor quality rock masses.

Mar 21, 2011

By Pinter R

Several major routes connecting Northern and Southern Europe or Asia run through Austria. These highways have to surmount the alpine range which traverses Austria from west to east. In order to ensure safe driving conditions even in winter, tunnels, at times quite long ones, are necessary. Austria now has tunnels totalling 160 km in length. These tunnels are either already in use or just about completed. The Plabutsch tunnel near Graz will be one of the longest tunnels in the world: approximately 10 kilometers in length. It will be put into operation in the summer of 1987. Before construction could begin, soil and rock conditions had to be investigated by means of a test tunnel. Afterwards, excavation was begun to the full 100 m' cross section. The new Austrian tunnelling method with conventional blasting was used for the major part of the tunnel. It was necessary to have such a large tunnel cross section because a fully transverse ventilation system is installed for environmental reasons. In order to avoid air pollution from the tunnel, exhaust fumes are not allowed to escape from the tunnel portals but from two shafts, each with a diameter of 8.5 m. In this way, exhaust fumes must rise 90 meters or 240 meters before they reach the open air and will thus not affect the city. The ventilation system influences the size of the excavation, and especially the size of the ventilation caverns and the air shafts. All these factors directly influence construction and maintenance costs, and an economical optimisation leads to the appropriate dimensions for the excavation.

Jan 1, 1987

By G N. Phillips

Global annual gold production has been remarkably constant over the last decade at ~2500 t/a3. The major producers today are China (annual production over 350 t and rising), Australia (250 t), USA (240 t), Russia (200 t) and South Africa (190 t and falling); these figures are representative of recent years but approximate. Demand from jewellery, investment, industrial and dental uses has been in excess of mine production for the last decade, by approximately 1000 t/a.Ongoing exploration is the life-blood for gold mining, and more so than for many other metals. Explorers consider sovereign risk, security, labour costs, commercial terms, land availability and inherent geologic prospectivity to determine where to focus their activities. Exploration success over the last decade has been shared by established major producers like Australia, Canada and USA, several countries in West Africa, and many parts of the Pacific margin. Although gold-only deposits have dominated world gold production historically, the gold-plus types, especially copper-gold, are becoming more important.Australia experienced a major period of exploration success from 1979 that has led to annual gold production rising from 17 t in 1979 to 250 - 300 t/a recently. Today, Australia has economic demonstrated resources of over 9000 t Au, which has risen progressively from 220 t in 1979. The majority of production has come from gold-only deposits in the Yilgarn craton in the southern half of Western Australia, but there are a few large Proterozoic deposits in central Australia including Olympic Dam, Telfer and Starra, which are mostly gold-plus types with copper and gold. Large goldfields in the younger host rocks of eastern Australia include the gold-only deposits of Victoria and North Queensland, and gold-plus deposits of New South Wales.CITATION:Phillips, G N, 2013. Australian and global setting for gold in 2013, in Proceedings World Gold 2013 , pp 15-22 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Sep 26, 2013

By K Williams, A Lavrinec, V Gurung, D Ilic

The moisture content of iron ore during handling can range from the dust extinction moisture at the point of arrival at the port to the transportable moisture limit at the point of loading ships for maritime transport. Moisture content and ore composition, specifically fines content, have a large influence on ore flowability. Typically, elevated moisture can result in bottlenecks, downtime and lost productivity due to build-up, conveyor carry-back and blockages, increasing maintenance costs. On the other hand, low moisture can result in increased dust emissions influencing the environmental footprint and product losses. Managing the use of water across the supply chain is therefore critical for service life of equipment, productivity, but also has environmental and social impacts, affecting the social license to operate. Previously, experiments have shown that oscillations induced in iron ore during handling and transport can result in movement of moisture through the ore. This kind of moisture migration depends on the nature of these oscillations, such as the undulation of idlers during conveying, the inherent ore properties and the initial moisture content. Moisture has been observed to move either upwards and/or towards the bottom of the burden. These effects can be exploited to remove excess water from the ore influencing handleability and operation, however, the actual mechanisms of moisture migration are currently poorly understood. The study presented herein involves the use of simulation to examine moisture and ore interactions. Simulations using discrete element method (DEM) and coupled with smoothed particle hydrodynamics (SPH) are implemented to investigate the behaviour of moisture in wet ore in the presence of oscillation. This is conducted at a fundamental level first using glass beads and water which is then compared to iron ore at high moisture content. The results of the modelling are discussed in view of experiments conducted.

Sep 18, 2023

By Wickham P, Raeburn M. R

The design and development of slurry sampling equipment for the Mount Isa Mines Limited on stream analysis installations is discussed in detail. Emphasis is given to the critical areas of slurry transport, screen design, pump selection, elimination of fast wearing components and maintenance reduction. Sample point design to fulfil the specific accuracy requirements for On Stream Analysis (3% to 10% relative) is discussed.

Jan 1, 1976

By R Thompson, J Miedecke, D Handel, E Tomicek, D Tulloch

"The Mine Haul Road Optimisation Alliance (HROA) is a unique Australian industry–academia collaboration that has been developed to support mine haul road operators. The alliance integrates industry, end-user service providers and academic research expertise in mine haul road design, construction and operation to identify, quantify, implement and monitor the various equipment, materials and road management strategies and solutions required to drive haulage productivity improvements.Initially, a broad overview of the university–industry collaborative landscape is presented, following which the current situation in the Australian mining sector is reviewed both nationally, and on a country-wide basis internationally. This insight places into context the opportunity that strategic collaborations present, to drive productivity and efficiency in mining, while also delivering innovative technology solutions.Following an overview of the HROA collaborative structure, aims and objectives, it is shown how academia and industry collaborations can deliver a more robust and needs-driven solution to mine haul road design, performance and management, especially where integrated solutions are needed. Critically in this approach, implementation and monitoring data provided by industry and service providers alike form the foundation on which to develop research knowledge and innovation that is more responsive to the end-user requirements, typically represented by ‘early goals’ and practical, implementable solutions.The paper concludes with examples of how the alliance collaborations work in practice to deliver focused mine haul road research outcomes, together with the mechanisms used to ensure industry needs are met through end-user driven research solutions for enhanced operational performance.Citation:Handel, D, Miedecke, J, Thompson, R, Tomicek, E and Tulloch, D, 2016. Driving Haulage Productivity Improvements through Industry–Academia Collaboration, in Proceedings Ninth AusIMM Open Pit Operators' Conference 2016, pp 243–252 (The Australasian Institute of Mining and Metallurgy: Melbourne)."

Nov 15, 2016

By A J. Morrison, K Demir, J Kohmuench, K Runge, C Evans

The Eriez HydroFloat® is a flotation device capable of recovering significantly coarser and lessliberated particles than is possible using a conventional mechanical flotation cell. Originally developed for industrial and bulk mineral beneficiation, the HydroFloat® is attracting increasing interest as a means of increasing the required grind size for metalliferous ore flotation. Doing so would reduce the costs of processing complex ores, either by decreasing the energy required to grind the flotation feed or by increasing the throughput achievable with a given comminution circuit. Processing coarser particles would also result in coarser waste streams, potentially improving the mechanical and hydraulic performance of the waste dams that they are sent to. Recent work at pilot – and industrial-scale has proven the potential of the HydroFloat® technology to achieve these gains in metalliferous applications. However, in order to realise the full potential of the HydroFloat® technology, it is necessary to understand not just its performance but also the drivers for that performance. Doing so will allow the design and operation of HydroFloat® devices to be optimised for different ores and applications. For this work, a HydroFloat® pilot rig was deployed to a coppergold plant in Australia and was used to investigate the effect of stream and operating conditions for treating the tailings stream of one of the plant’s rougher flotation cells. Under each set of operating conditions, samples were taken of the HydroFloat® feed, tailings and concentrate streams, and processed to yield the grade and recovery achieved by the device. At the same time, the bubble size and bed behaviour inside the device were measured. This paper presents preliminary relationships observed between the operating conditions and the performance of the HydroFloat® cell, and thus suggests a range of possible drivers for the measured coarse particle flotation performance.

Aug 24, 2022

Traditionally, the development of a mineral resource project goes through a fairly set pattern of decisions from what commodities to search for; where to look; how to locate; what are the reserves; how can they be exploited with optimum returns for all stakeholders; where are the markets and what will be the price received; what financing arrangments? However, due to the unique nature of most mineral resource properties, the relative significance of individual parameters on the ultimate development decision will vary from project to project. Sensitivity analysis in its formal sense is most frequently related to the economic analysis of a project particularly in conjunction with the ultimate development decision making process, and acknowledges the uncertainty of the actual values with their impact on the corporate decision making yardsticks. In many cases, this analysis merely adds more values to confuse the decision makers who may well opt for some subjective rationale to overcome the numeric confusion. However, sensitivity analysis should be used more frequently to exploit the development dollar to its maximum, THROUGHOUT the phases leading to the development decision. It is essential to identify the critical inputs to the various decision tiers in a project as early as possible and direct the funds to ensure that these parameters are determined as accurately as possible. Examples are used to illustrate the need for an even-handed quantification of the parameters which affect the outcome of decisions en route to the final one while minimising the risk in making an optimum assessment in relation to development funds Available.

Jan 1, 1983