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By M. B. Kime

"Discrete-element method (DEM) modelling is a powerful tool for studying particulate systems within the mineral processing industry. DEM simulations were conducted to investigate the power draw, load behaviour, and impact energy profile of an experimental ball mill under different milling conditions. The variables considered were mill rotational speed (percent critical speed), ball size, and lifter face angle. The simulation results indicated that the grinding efficiency would be enhanced by using 80% critical speed, 30 mm ball diameter, and 45° lifter face angle. These findings can be useful in guiding actual ball milling tests involving an ore sample.RÉSUMÉ La modélisation par méthode des éléments distincts (MED) est un outil puissant qui permet d’étudier les systèmes particulaires au sein de l’industrie de traitement des minerais. Des simulations par MED ont été menées de façon à étudier le profil de la consommation énergétique, du comportement de la charge et de l’énergie de rupture d’un broyeur à boulets expérimental dans diverses conditions de broyage. Parmi les variables prises en compte figuraient la vitesse de rotation du broyeur (vitesse critique en pourcentage), la taille des boulets et l’angle de coupe de la cornière élévatrice. D’après les résultats de la simulation, on pourrait améliorer l’efficacité de broyage en utilisant une vitesse critique de 80 %, un diamètre de boulet de 30 mm et un angle de coupe de 45 ° de la cornière élévatrice. Ces résultats peuvent se révéler utiles pour les essais concrets de broyage à boulets impliquant un échantillon de minerai.INTRODUCTIONComminution is a very energy intensive process. It consumes approximately 5% of the electricity produced worldwide and more than 50% of the total energy used in mineral processing plants (Pokrajcic, 2010). Among all the comminution stages, ball milling is one of the most energy intensive processes. In ball mills, rotational movement provides the rise of the load and the media that are projected and impact on the mill shell at lower angular displacement, resulting in particle breakage. Ball mills are able to reduce particle size over a relatively wide range of particle sizes. This explains their wide applicability in research laboratories and the mineral processing industry."

Jan 1, 2017

By M. W. Grabinsky, P. B. Tomory, J. Carvalho, J. H. Curran

Many underground mining operations use Split Set friction stabilizer bolts for rock support. Currently, however, little has been done to quantify the effects of various rock mechanics and operational parameters on the capacity of frictional support systems. The strength of Split Sets is usually measured by means of a pull test wherein a jacking force is applied to the bolt and a slip load is obtained. In order to evolve a rational design procedure for this type of support, an extensive database of over 900 pull test results from more than 50 mines through- out North America has been assembled and analyzed. Associated relevant rock mechanics parameters (rock type and quality) and operational details (drilling method, bit size, drive time, time to pull test) were also obtained, as completely as possible, for each test. Analysis of the information has yielded several charts that relate pull-out strength to relevant parameters and simple statistical analyses were conducted where necessary. Quantified distributions for pull-out strength were also produced for several operating conditions. The factors that most significantly affect bolt strength have been identified and specific applications to design are discussed. The information presented will assist mining engineers in designing safer and more economic support using Split Sets.

Jan 1, 1998

By M. J. deBastiani

The uranium producing division of Denison Mines Limited operates a 6,000-ton-per-day integrated mining unit in the Algoma area of Ontario. The property is located approximately one and one-half miles from Highway I 08, eight miles north of the town of Elliot Lake. The property was staked in 1953, diamond-drilled in ?late 1954 and 1955, and put into production in 1957. Since that date, the operation has produced $250,000,000 worth of uranium oxide from approximately 11,000,000 tons of ore milled, and paid $18,000,000 in dividends to its shareholders. The operation employs about I000 people, and monthly operating costs are approximately one million dollars. From these figures alone, it is obvious that it was necessary to develop and institute an adequate set ?of controls for effective management at all levels of supervision over a period of four years, a system of production and cost control was developed that enables us to effectively measure the pulse of the various phases of the operation at any given time.

Jan 1, 1963

By X. Wu

Tunnel Boring Machines (TBMs) are widely used for tunneling in urban areas because of their high advance rate, precise as-built profile and minimal impact to buildings and traffic on the ground. For a tunnel built by a TBM, there are strict requirements on alignment control and safety. To meet these requirements, it is important to monitor the position of the TBM. In the current practice, the TBM position data, including advance distance and line and level deviations, are reported manually to the managers on a daily basis. To interpret and analyze the position data, the managers also need to refer to various construction drawings. This practice is untimely, inefficient, and error prone for decision making. To improve the current practice, an automatic approach for real-time as-built tunnel product modeling and visualization is proposed, based on TBM position and orientation data autonomously sourced from the Virtual Laser Target Board (VLTB) TBM Guidance System developed at University of Alberta. Related information of the tunnel project, such as the as-designed alignment, soil layers, the ground, existing utility lines, is also visualized together with the model of the as-built tunnel. The modeling algorithm is presented step by step. Its application in a real-life drainage tunnel project is discussed and limitations are also identified.

Aug 1, 2013

By E. De Souza

The instrumentation and monitoring of rock behaviour have played an important and necessary role in the practice of potash, rocksalt, gypsum, trona and coal mining. The art of rock instrumentation applied to soft rock and coal mining has progressively evolved over the past years and will surely continue to advance at a faster pace in the future as a result of the technological revolution we experience today. The development of sophisticated mine-wide data communications systems is being used for instrumentation and sensor automation, and laser, sonar and geophysics technology are being continuously adapted for rock monitoring purposes. In this paper, the author provides an overview of typical rock instrumentation used today and offers some views of the progressive evolution in rock mechanics instrumentation sophistication and design.

Jan 1, 1998

By P. Bramwell, R. Tremblay

"The Port Radium leaching plant of Eldorado Mining and Refining, Limited, produces 450 t./d. of sulphuric acid leach liquor containing l. 73 g. /I. U 308. After solvent extraction, the waste solution is discarded at 0.002 g./l. U30s for a recovery of 99.8 to 99.9 per cent. The solvent is acidified with weak sulphuric acid, loaded to 4.5 g./l. U80:1 in three-stage extraction, scrubbed with water, and stripped with soda-ash solution in single-stage stripping. Caustic removes the UaOs from the pregnant strip solution as a precipitate. The slurry is filtered, re-pulped with water, and re-filtered. The pressed precipitate at 81 to 82 per cent equivalent U30s is dried and packaged. The carbon-ate filtrate is cooled to remove sodium sulphate build-up and carbonated to convert excess caustic. Reagent consumptions are 4.1, 0.22, and 0.39 pounds per 1,000 gallons of pregnant solution for Diesel oil, amine, and alcohol, respectively. Caustic consumption averages 1.3 to 1.4 pounds per pound U3O8.Extraction and stripping is accomplished in sheet-iron mixer-settlers lined with Phenoline. Piping on both circuits is Schedule 80 polyvinyl chloride. Valves are straightway Buna N lined with American Hycar diaphagms. Extensive instrumentation ensures good metallurgy with a minimum of variations and labour. Mixing in a continuous organic medium and careful acidity control are required to minimize third-phase formations. Heating the precipitate slurry is conducive to good filtering in Perrin presses with neoprene-coated, rolled-steel sectors. Sodium sulphate is crystallized from carbonate filtrate solution by batchwise cooling to 54°F. with lake water."

Jan 1, 1959

By D. C. R. Espinosa, P. Aliprandini, F. P. C. Silvas, J. A. S. Tenório, M. M. Jiménez Correa

"Nickel ores are divided into two types: sulfide deposits and lateritic deposits. About 60% of nickel resources are found in laterite ore, while the remaining 40% is contained in sulfide ore. Laterite ore is usually processed via pyrometallurgical means or through hydrometallurgical techniques that include acid leaching and metal value recovery from solution. In this study, copper and nickel adsorption by Dowex M4195 ion exchange resin from an acidic sulfate liquor was investigated. The acidic sulfate liquor was collected from an atmospheric leaching process (AL) of laterite ore. Ion exchange experiments were conducted in a batch system by varying parameters such as pH, time, metal concentration and temperature. Initially, mono-elemental synthetic solutions of nickel and copper were used in the experiments and then a synthetic solution simulating AL liquor was tested. Test results showed that the resin exhibited high selectivity towards copper and nickel, however, a high concentration of iron in the synthetic AL solution interfered with the recovery of nickel and cobalt by the resin.INTRODUCTION Nickel is one of the most important industrial metals in the world. It is widely used in industrial applications, such as the production of stainless steel, magnets, electroplating and special alloys (Dizge et al., 2009). The main sources of industrial nickel production are sulphide deposits; only 40% of industrial production uses lateritic ores. However, it is estimated that 60% of global nickel resources are found in nickel laterite deposits (Kuck, 2016). Since industrial nickel demand continues to grow, the development of new technologies for the extraction of nickel from laterite ores has become an interesting research topic (Agatzini-Leonardou, 2009)."

Jan 1, 2017

By J. T. Kalala

The High Pressure Grinding Roll (HPGR) is gaining acceptance in the mineral processing industry and has become a competitive technology in reducing the specific energy consumption in Mineral processing plants. The amount of samples required for HPGR amenability testwork and HPGR wear tests is usually high and often cannot be available at early stage of projects were only a few drill cores are available. Although HPGR was initiated from small scale piston die compression tests, the development of small scale piston die test to predict the performance of HPGR has been slow. The objectives of this paper was to present the designs, operating procedure of piston-die press and operating conditions which have resulted in similar particle size distribution obtained from a piston die test and HPGR Labwal unit starting from the same feed size distribution. Testwork were conducted using a 2 MN piston-die press and a Labwal HPGR unit on major South African ore types, viz, gold, platinum and iron ores. The results obtained show that piston-die test can generate data to predict energy consumption, product size distribution, and even to evaluate the edge effect.

Jan 1, 2012

By Alvis L. Lisenbee, Colin J. Paterson, Mustafa M. Hariri

"Abstract-The schist-, sediment-, and intrusion-hosted Tertiary Au-Ag hydrothermal deposits of the northern Black Hills, South Dakota are localized and controlled by various types of fractures. This study is an attempt to distinguish between and discuss the possible causes of these fractures in three mines: Richmond Hill, Annie Creek - Foley Ridge (ACFR), and Gilt Edge.Five models based on the structural and tectonic settings of the northern Black Hills are proposed for the fracture origin. In Richmond Hill mine, mineralized fractures within the schist-hosted deposits are in the form of veinlets and stockworks. Larger veins filling open spaces along schistosity planes are also present. Fractures in Richmond Hill mine are related to breccia pipe emplacement and influenced by the Precambrian foliation.Fractures in sediment-hosted (ACFR) and intrusion-hosted (Gilt Edge) deposits are mode I systematic joints. These fractures, and similar ones examined in seven locations outside the mines, are related mostly to the formation of the Lead-Deadwood dome. Fracture trends vary from one area to another depending on their location with respect to the dome. Other factors, such as the Black Hills uplift, pluton emplacement, and Precambrian foliation, may also affect the fracture trends. The proximity of the mines to domes formed by multiple intrusions, the associated fracture patterns and density, and existence of breccias, may be used in exploration for similar deposits in the northern Black Hills or other areas of similar geologic settings."

Jan 1, 1995

By Alvis L. Lisenbee, Colin J. Paterson, Mustafa M. Hariri

"The schist-, sediment-, and intrusion-hosted Tertiary Au-Ag hydrothermal deposits of the northern Black Hills, South Dakota are localized and controlled by various types of fractures. This study is an attempt to distinguish between and discuss the possible causes of these fractures in three mines: Richmond Hill, Annie Creek – Foley Ridge (ACFR), and Gilt Edge.Five models based on the structural and tectonic settings of the northern Black Hills are proposed for the fracture origin. In Richmond Hill mine, mineralized fractures within the schist-hosted deposits are in the form of veinlets and stockworks. Larger veins filling open spaces along schistosity planes are also present. Fractures in Richmond Hill mine are related to breccia pipe emplacement and influenced by the Precambrian foliation.Fractures in sediment-hosted (ACFR) and intrusion-hosted (Gilt Edge) deposits are mode I systematic joints. These fractures, and similar ones examined in seven locations outside the mines, are related mostly to the formation of the Lead-Deadwood dome. Fracture trends vary from one area to another depending on their location with respect to the dome. Other factors, such as the Black Hills uplift, pluton emplacement, and Precambrian foliation, may also affect the fracture trends. The proximity of the mines to domes formed by multiple intrusions, the associated fracture patterns and density, and existence of breccias, may be used in exploration for similar deposits in the northern BlackHills or other areas of similar geologic settings."

Jan 1, 1995

By Eldon L. Brown

Location and History The Sherritt Gordon property is located in northwestern Manitoba, about 100 miles north of The Pas and 40 miles northeast of Flin Flon. It is connected with the Manitoba Northern railway, which runs from The Pas to Flin Flon by a branch line, 42 miles in length. The location of the property is shown on the sketch-map, Figure 2. The ore deposit was first discovered by Philip Sherlett, a Cree Indian, in 1922. In 1924 Sherlett's claims lapsed and the ground was re-staked by Carl Sherritt and Dick Madole, and was optioned by them to J. P. Gordon in the summer of 1925. Gordon re-optioned the property successively to three well-known mining groups, one of which did some surface trenching .and put down 28 shallow diamond-drill holes before dropping their option. In the latter part of 1927, a Company known as Sherritt Gordon Mines, Limited, was formed to take over the property, and preparations were made for systematic development work. Preliminary Development In order to fill-in gaps left by the original drilling, a light diamond-drill outfit was flown-in to the property from the Hudson Bay railway in the early fall of 1927. Ten shallow holes were put down before freeze-up .and a considerable amount of surface trenching was completed. Based on the results of the surface trenching and the shallow diamond-drilling, an extensive development campaign was outlined. A winter road, 90 miles in length, was cut from mileage 55 on the Hudson Bay railway, and during the winter of 1927-28 a total of 2,600 tons of freight was hauled-in to the property. This freight included four complete diamond-drill outfits, two complete mining plants, building material for two sets of camps, and supplies for one year's operations, including 105,000 gallons of fuel-oil for Diesel engines.

Jan 1, 1933

By K. Webb

At both the international and country level, the issue of how the mining sector and indigenous populations should engage on issues of mutual interest or concern has emerged as one of central importance and controversy; involving the mining industry, Aboriginal communities, governments, the courts, and other stakeholders. At its heart, stakeholder engagement is an ethical issue, although it manifests itself in international instruments, domestic laws, industry guidance and agreements. At the international level, the concept of ?free, prior and informed consent? (FPIC), while not subject to widespread agreement on the finer details of evolving definitions, seems to be emerging as an increasingly recognized engagement norm. Within Canada, through a series of decisions, the Supreme Court of Canada (SCC) has articulated a fiduciary obligation of the Crown to consult with and accommodate impacted Aboriginal groups on resource management issues. Provincial governments have been variously attempting to adjust their resource management regimes to stay in alignment with SCC and lower court decisions. Mining sector organizations, working with First Nations partners, have developed agreements to work together for mutual benefit. At the individual mine and community level, there have been instances of constructive engagement, as well situations of physical resistance and legal challenges. The purpose of this paper is to examine the potential impact of new rules under the Ontario Mining Act introduced in 2012 and taking full effect in 2013, which amongst other procedural specifications, addresses the issue of mining industry-Aboriginal consultation in exploration and development activities. Leading up to the passage of the regulations, representatives from some junior mineral exploration companies have been highly critical of the new rules. Similarly, there have been a range of responses to the new rules from some in the First Nations community. The paper will review the regulation in terms of its apparent alignment with SCC decisions and the international norm, compare the regulations with existing mining sector organization guidance documents, and it will draw on the stated perspectives and commentaries of First Nations communities, mining firms, governments, nongovernmental organizations, and others. Building on the foregoing, the paper will provide a preliminary analysis of the perspectives and potential impacts of the new regulation on various stakeholders, and on that basis, possible avenues for further consideration will be suggested.

Aug 1, 2013

By Ralph H. Cleland

GENERALLY speaking, the Industry lost ground in 1941 in its accident experience. Though the frequency of compensation accidents was but slightly higher than in the previous year and well below past experience, our fatality rate shot up to that obtaining in 1938, and the average cost per man employed was the highest for some time. The number of fatalities was 56 in 1941 as against 33 in 1940. The average cost of compensation per man employed was $34.25 in 1941 as against $28.43. There was but a slight increase in the number of men employed. Accident prevention efforts were maintained, as shown by our frequency, but our accidents were of a more serious nature. In a period of considerable labour turnover, with many new men entering the Industry, especially the base-metal division, and much mental distraction, we might well have expected a high rate of accidents. That this did not occur is a tribute to managers, supervisors, and workmen alike. We all regret the high fatality rate and one must consider why this occurred. So far as it is possible to determine, there is no apparent explanation. There were no disasters. The accidents occurred to the same class of work-men, both in respect to jobs and age groups, and from the same age-old causes that we all know so well. Luck is a big factor in the seriousness of an accident; the solution lies in preventing accidents, even first-aid cases. Generally speaking, if minor accidents do not occur, major accidents do not occur.

Jan 1, 1942

By Glenn Ferguson

BACKGROUND Metals Risk Assessment at Contaminated Sites ? The field of metals risk assessment has advanced rapidly over the last five years ? Significant uncertainties and data gaps remain that require additional research if accurate assessments are to be conducted ? Research is being conducted by regulators, external institutions and academia ? Risk assessment practitioners are in need of answers or solutions TODAY

Apr 1, 2005

By N. J. Bunce, B. Vollick, A. F. Souza, D. Bejan, P. Maharaj, C. Shamshoom

"Copper electrodeposition from synthetic and authentic acid mine drainage (AMD) is inhibited by ferric iron (Fe(III)), through re-oxidation of copper. Polarization to –2.5 V versus standard hydrogen electrode prevents the dissolution of predeposited copper from the cathode. Above pH 1, copper deposition is independent of Fe(III) concentration to approximately 25 g/L. Fe(III) is reduced to ferrous iron (Fe(II)), with a high combined current efficiency for iron and copper reduction. In a divided cell, the conversion of Fe(III) to Fe(II) is almost quantitative, with efficient transfer of acidity from catholyte to anolyte. Prospects for developing electrochemical technology for complete remediation of AMD are discussed.RÉSUMÉ En raison de la réoxydation du cuivre, le fer ferrique (Fe(III)) nuit à l’électrodéposition du cuivre à partir de drainage minier acide (DMA) véritable et synthétique. Une polarisation à -2,5 V par rapport à l’électrode standard d’hydrogène empêche la dissolution du cuivre déjà déposé de la cathode. À un pH supérieur à 1, la déposition du cuivre est indépendante de la concentration en Fe(III) jusqu’à environ 25 g/L. Le fer ferrique est réduit en fer ferreux (Fe(II)) avec une efficacité combinée élevée pour la réduction du fer et du cuivre. Dans une cellule divisée, la conversion de Fe(III) en Fe(II) est près de la quantité théorique, avec un transfert efficient de l’acidité de catholyte à anolyte. Les perspectives de développement d’une technologie électrochimique pour la remédiation complète du DMA sont discutées."

Jan 1, 2016

By Ann Bigué

Outline of Presentation 1. Impacts and Benefits Agreements Defined 2. Elements that determine the content of an IBA: ? the nature of the project ? the identity of Aboriginal communities affected by the project ? the legal environment 3. Content of Impacts and Benefits Agreements Impacts and Benefits Agreements Defined Have emerged in response to effects of major mining projects located on or close to Aboriginal lands and close to Aboriginal communities Are negotiated between the mining project proponent and one or more Aboriginal groups May include government May be known under other names

May 1, 2004

By X. Cao, H. Huang, Z. Dai

"Crystal phase of copper-containing slag regulation by the slag viscosity, cooling speed and cooling method, where the slag viscosity is related to the temperature and alkalinity. According to the mineralogy properties of a copper-containing slag, experiments of crystal phase regulation and flotation were conducted. When the copper-containing slag that adding a small amount of calcium oxide was cooled slowly at a rate of 3°C/min and about 1050°C n a cinder inclusion system, the viscosity of slag can be remained under 0.25 Pa·S and more than ??% of copper particles that the grain size is larger than 20 ?m in slag. The whole flow of flotation experiment was carried out to recover copper from the copper-containing slag with crystal phase regulating and the copper concentrate grade was ?????%, the recovery efficiency of copper was 94.18%.INTRODUCTIONChina's annual output of copper slag is more than 6 million tons, the current total has reached 80 million tons. It is equivalent to 640 thousand tons of copper metal with the copper grade of 0.82%. Most of the smelting slag were storage. It is not only occupy the land and pollute the environment, but also make a huge waste of resource (Alp, Deveci, & Süngün, 2008; Carranza, Iglesias, Mazuelos, Romero, & Forcat, 2009; Gorai, & Jana, 2003), therefore, it is good way to achieve copper slag resources by the effective recovery of valuable component from copper smelting slag, which is an important measure of the current process of copper smelting slag and implement the central authorities to vigorously develop the circular economy, improve the recycling of resources, increase copper production of intensive development (Zhou, et al., 1994; Zhang, Zhang, & Wang, 2005). Currently, researches on comprehensive utilization of the coppercontaining slag made a much progress (Wei, 2004; Liu, Gai, Yang, Sui, Li, & Fu, 2008; Liu & Zhu, 2008; Zhang, 2010; Sun, Chen, & Tang, 2012; Qin, Wang, Ren, Wei, Peng, & Gu, 2012). Flotation is one of the most effective method to recover the copper from smelting slag, which has the features of low cost and high efficiency (Song & Liu, 2001; Zhang, Wang, & Li, 2012). But the copper particles in the copper smelting slag distribution is very uneven, and the thickness of the material is very serious. The copper content in the micro level is higher, the size of copper sulfide ore is less than 0.043 mm, which leads to the difficulty of the monomer dissociation (Tossavainen, Engstrom, Yang, Menad, Lidstrom, Larsson, & Bjorkman, 2007; Moustakas, Mavropoulos, Katsou, Haralambous, & Loizidou, 2012). In this study, according the process mineralogy of a smelting copper slag, the crystal of smelting copper slag was optimized by controlling the temperature, alkalinity, cooling rate and cooling method, which makes the fine copper mineral particles in the copper slag crystal further, and can be used to meet the particle size requirements of flotation, thereby enhancing the flotation of copper."

Jan 1, 2016

By H. C. Rickaby

Introduction The township of Swayze, from which the Swayze gold area derives its name, is in the Sudbury mining division, approximately 150 miles northwest of Sudbury. The gold area may be regarded as situated at the southwest corner of a triangular area whose northeast and southeast corners are at Porcupine and Shiningtree, respectively, and whose sides are between 70 miles and 90 miles in length. On a geological map, it would be found that belts of Keewatin greenstones and sediments form the sides of this triangle, and that they surround a large granite mass. Prior to the summer of 1931 the Swayze corner of this triangle had probably been less prospected than the other parts and comparatively little was known of it from the standpoint of gold mining possibilities. The extensive belts of iron formation to the south and west of Swayze received some attention about the year 1909, and during the years 1927 and 1928 some prospecting was done in the townships of Greenlaw and Cunningham, south of Swayze, but chiefly for base-metals- copper, zinc, and lead. In the summer of 1931 a very promising discovery of gold-bearing quartz was made by J. G. and J. L. Kenty, working for the Brett-Trethewey Mines, Ltd., in association with Northern Canada Mining Corporation, and Northland Prospectors, Ltd., and this property, now known as the Kenty Gold Mines, Ltd., has been actively developed with very encouraging results. Following this discovery a6d during the summer of 1932 much prospecting took place in the area, as a result of which a number of other discoveries of gold were made, chiefly to the west of the original find. They are distributed over a wide area, which includes the townships of Rollo, Raney, Swayze, Denyes, Halcrow, and Greenlaw.

Jan 1, 1933

By Sabry A. Sabour

Metal price is among the key variables in the open pit optimization and the economic evaluation process. The common approach to handle metal prices in open pit mine planning is to optimize the ultimate pit and the mining schedules using a fixed, flat metal price. In this respect, metal price is assumed to be known with certainty throughout the entire mine life, which in some cases can reach 80 years. Given the volatile nature of metal markets and the metal price cycles, the conventional pit optimization approach may generate sub-optimized mining plans, which results in either extra costs to mining projects or lost revenues, or both. Long-term operational decisions such as future pit expansions, beyond the currently optimized limits, cannot be handled using the pit optimization approach based on flat metal prices. There is a growing interest in the mining industry to model and manage such market uncertainty in the pit optimization as well as the project evaluations in order to maximize the value of mining operations. In this paper, the author will outline a practical approach to optimize the ultimate pit taking into account the volatility and variability of metal markets. The proposed approach uses a combination of the pit optimizer of the commercial MineSight package and a simulation-based economic modeling real options valuation approach employing the least-squares Monte Carlo algorithm. MineSight pit optimizer employs both the floating cone for initial optimization exercise and the standard Lerchs-Grossmann algorithm. In this paper, Lerchs-Grossmann option will be used to generate the pit shells. Real options valuation approach used in this study is based on generating multiple metal price scenarios. Metal price uncertainty is modeled using stochastic metal price models such as the geometric Brownian motion and the mean-reverting process. The mining operational scenarios corresponding to the simulated metal prices are then optimized using the least-square Monte Carlo approach. The objective is to maximize the discounted cash flow value of the project while incorporating the operating flexibility to revise the operating status of the open pit with time as new information becomes available. The focus of this work is on the practicality of the proposed uncertainty-based pit optimization approach and the difference it can make to the technical operational mining decisions. A case study of a hypothetical open pit poly-metallic mine is provided. The deposit contains copper, gold and silver grades. The run of mine ore is sent to the process plant that produces copper concentrate with copper as the main metal and gold and silver as the by-products. Four uncertain variables are considered here include copper, gold, silver prices and foreign exchange rate. Both copper price and exchange rate are modeled using the mean-reverting process while gold and silver prices are modeled using the geometric Brownian motion. The case study is performed using both the conventional flat price pit optimization approach and the proposed uncertainty-based one to compare results.

Aug 1, 2013

By P .. H. Grimley, N. Champigny

"Fourteen companies (Appendix) representing senior mining organizations in Canada were canvassed in order to assess: (1) the current usage and trends, and (2) the usefulness of computer applications in ore reserve estimation and grade control. The results of the questionnaire suggest that:• computers are unsurprisingly, predominant in the mining industry for calculating reserves and performing grade control;• time and cost savings are realized;• computer-based approaches are applicable to underground situations;• geological information is incorporated to the computerization process; and• computer usage does not hinder the collaboration of geologist and mining engineer.A clear need is identified for case histories comparing computer-calculated ore reserves and actual production data.IntroductionAmong the management and technical staff of some mining companies there is a perception that the application of computer based technology for the estimation of ore reserves and grade control, has as many drawbacks as benefits. Some of the objections raised against the utilization of computers for ore reserve estimation are that:• computer-based reserve models work for large open pit mines but not for underground situations;• computer-generated reserves ignore the geologist's knowledge base; they are strictly a number crunching exercise; and• the use of computers for ore reserves hinders collaboration between the geologist and mining engineer.In order to determine (I) the extent of current computer usage and future trends and (2) whether the objections noted above are borne out by experience, a number of senior Canadian mining companies were canvassed.The respondents were asked to provide:• an assessment of the importance of the computer in the ore reserve estimation and grade control process;• the level of involvement of individuals and staff groups with computer-based ore reserve estimation;• the advantages perceived and realized from the utilization of computer-based ore reserve approaches;• the current and future human resources requirements for the evaluation, implementation, maintenance and development of computer-based ore reserve systems;• the hardware and software resources presently used and planned; and• the developments needed to increase the use and acceptance of computer-based ore reserves."

Jan 1, 1990