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By Peter N. Calder, Alan Bauer

The complexity of modem open pit load-haul-dump systems is described, and the need for realistic working models is pointed out. Both standard and probabilistic simulation procedures are discussed, probabilistic simulation being indicated as the more powerful and practical technique. Acquisition of the necessary pit operating data required for simulator construction and general modelling procedures are described. Finally, results from a typical open pit simulator are used to indicate the scope of the technique.

Jan 1, 2014

The statistical methods described in the previous chapter permit the estimation of the average value p of a deposit, and the calculation of confidence limits for this value. They are based on the assumption of independence of sample values. As soon as a reasonable number of samples has been obtained from a deposit, local valuation, or estimation of blocks of ore within the mineral deposit, becomes necessary. The assumption of independence of values must then be rejected. Local valuation is possible only if there is a relationship between the value of a sample and the value of the surrounding ore, provided this relationship is a function of the position of the sample with respect to the blocks of ore to be valued. Whichever method is used for the valuation of a block of ore, the following assumptions are always made: ? The values of samples located near or inside the block are related to the value of the block. ? The values of the samples located closest to the block are most closely related to the value of the block. These assumptions will hold true only if the following assumption can also be made: ? There exists a relationship between sample values which is a function of the distance between samples. We are saying that the value x (z) of a sample centred at a point z has properties which are functions of this point. A certain spatial structure exists in the sample distribution. We are therefore dealing with a regionalized phenomenon, and we must treat x (z) as a regionalized variable. This can be done statistically by means of a model chosen to represent the spatial structure of the phenomenon. We shall see that the relationship between block values and sample values can be deduced from the relationship between sample values, and all local valuation problems can be solved using the statistical model obtained from the analysis of the sample values. It is important to realize that this statistical model is obtained by analysing the properties of known sample values, and will be used for the estimation of unknown block values. Such a statistical inference is valid only if the model developed represents the properties of both the sampled section of the ore body and the section to be valued: some stationarity conditions must be satisfied, and the model with the least restrictive conditions is preferred. In the following chapters, the most important models used in spatial geostatistics are presented. The models which can be used when there is no significant drift (trends) in values are described in Chapters 3-1 1. These models can also be used to solve some specific valuation problems when a linear drift is present. A general study of the more difficult problem of analysis of an ore body whose values present a drift is described in Chapter 12. Note that the area considered for local valuation of a block of ore is often small enough for any drift which might be present to be ignored.

Jan 1, 1978

By O. I. Rychkova, M. N. Sycheva, E. V. Poryadochnova, G. V. Sedelnikova

Deposits of copper-porphyry type occupy a leading position in the mineral resource base of the world copper industry. They are characterized by large and gigantic scales, often complex composition, their development is carried out in an open way. The raw material base of the Russian copper industry is mainly sulfide copper-Nickel and copper-pyrite ores. Exploration of copper-porphyry deposits and the creation of long-term large mining facilities on their basis is one of the most promising and priority tasks for the Russian industry. This task is especially acute for the copper enterprises of the Urals in connection with the depletion of copper - pyrite ore reserves. In recent years, Russia has carried out a large complex of studies on the composition and technology of processing of copper-porphyry ores of different subtypes. In this work the complex poor copper-molybdenum-gold ore of one of the deposits is investigated. The chemical and mineral composition of the ore containing 0.49% copper, 0.020% molybdenum, 0.39 g/t gold, 5.85 g/t silver was determined. The forms of finding metals and their distribution by size classes are established. The dependence of extraction of metals into concentrates of collective-selective flotation on the size of ore grinding, pH of the medium, reagent consumption is shown. Under optimal flotation conditions, copper concentrate with 18.6% copper content and 92.32% extraction and molybdenum concentrate with 21.5% molybdenum content and 73.4% extraction were obtained. With a high concentration of molybdenum in selective flotation products, it is possible to conclude about the expected molybdenum concentrate with a content of 45% and a recovery of 70%. The associated extraction of gold and silver into copper concentrate is 76.8 % and 73.4%. Keywords: Collective-selective flotation, copper, molybdenum, porphyry ore, grinding, pH, reagents

Jan 1, 2020

By K. Tobór-Osadnik, M. Wyganowska, A. Manowska

"The behaviour of employees is an essential issue in the field of occupational health and safety. Safe behaviour is to a large extent determined by, apart from motivation and preventive actions, an employee’s attitude towards hazard. Thus, attention should be given to defining employees’ attitudes, and following that, to the possibility of correcting and shaping these attitudes in relation to hazard and obeying occupational health and safety regulations. The authors have focused on the analysis of employee attitudes to health and safety regulations in Polish coal mining companies, taking into consideration earlier research on the behaviour of selected employees. The paper presents the methods used to identify Z-type (passive) behaviour. Next, this behaviour is analysed to identify differences between a Z-type employee (enslaved) and other employees. To conclude, the paper presents a list of possible motivational tools that may be used to encourage occupational health and safety in Z-type employees. IntroductionThe technical state of equipment and conditions in the workplace greatly influence occupational safety. However, the deciding factor influencing the rate of accidents in the workplace is the frequency with which employees practise risky behaviour. Factors such as the social conditioning of conduct and motivation for organizing safe work conditions have been included in the notion of creating a positive culture of work safety. This notion has been approved as one of the main goals in management (Studenski, 1996).Safe behaviour is to a large extent, apart from motivation and preventive actions, determined by an employee’s attitude towards hazard. All actions undertaken in the field of occupational health and safety, including training, motivational systems, or imitation of behaviour resulting from a high culture of occupational safety in a given work environment, will not bring about the desire effects if workers have an inappropriate attitude towards occupational health and safety regulations."

Jan 1, 2017

By M. Arnesen

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

Jan 1, 2003

By C. Holck, J. Yarmuch, J. Read

"Steepening of slopes provides the means to reduce waste extraction and increase ore recovery in open pit mines; however, it may also adversely affect safety by posing a higher risk of slope failure. The implementation of slope monitoring programmes is recommended to manage this risk inherent in steeper slopes. In this paper, the design and evaluation of monitoring campaigns to measure subsurface deformation and groundwater pore pressure in open pit mines is presented. The monitoring programmes were applied to a theoretical case of an open pit mine designed using DeepMine software (BOAMine SpA, 2015). Mine plans were developed based on the initial base case scenario with monitoring programmes considered for four types of monitoring instrumentation: two established technologies, in-place inclinometers (IPIs) and vibrating wire piezometers (VWPs); one emerging technology, the ShapeAccelArray (SAA); and a novel technology under development, the Enhanced Networked Smart Markers (ENSMs). Technical and economic appraisals of the monitoring programmes and sensitivity analysis of the developed mine plans showed that using ENSMs spaced every 4 m had the lowest cost per unit of data gathered. IntroductionSeveral open pit mines have already exceeded their design life and, as they become deeper and reach depths over 1000 m, they face higher rock stress levels and tensile deformations (Stacey and Xianbin, 2004; Stacey et al., 2003). The more complex the conditions in modern open pit mines, the more difficult it is to achieve long-lasting, stable pit slopes and to meet the mine’s economic needs: maximize financial returns, minimize risks to operational safety, achieve optimal ore recovery, and minimize waste extraction (Stacey, 2009). Steepening of slopes provides the means to reduce waste extraction and increase ore recovery (Stacey, 2009; Calderon and Tapia, 2006; Bye and Bell, 2001; Jefferies, Lorig, and Alvarez, 2008); however, it may adversely affect operational safety, as steeper slopes are less stable than shallow slopes (Steffen et al., 2008; Mphathiwa and Cawood, 2014)."

Nov 1, 2018

By Z-B. Cheng, X-J. Liu

"Intensive mining of shallow coal seams tends to result in severe subsidence of the ground surface. Surface subsidence is a complex dynamic spatiotemporal process that constantly changes as mining advances. With Liangshuijing coal mine as a case study, 3DEC numerical software was used to simulate the development of the moving subsidence field from open-off cut to full subsidence on the working face. The results demonstrate that the formation of a subsidence field is directly related to the coal seam depth H and the extent of the mine workings. Taking the advance distance of the working face as the unit of scale, the process of surface subsidence can be divided into four stages: micro-change (H/ p), the development of surface subsidence (2H/ p), the formation of a movement subsidence field (3H/ p), and dynamic balance (4H/ p). The changing movement of a subsidence field can be fully described by the characteristics of surface subsidence value, curve slope, and the inflection position. The results provide important technical support for predicting surface subsidence and the temporal–spatial evolution features of mining subsidence. IntroductionChina’s coal output was about 3.52 Gt in 2017 (China National Coal Association, 2018), making it the largest coal producer in the world, accounting for almost half of total world coal production. Coal production and distribution play a vital role in the energy industry of China. However, entire overlying strata, from coal seam to surface, are disturbed as a result of long-term, high-intensity and large-scale mining, causing surface subsidence. This results in groundwater loss, surface desertification, vegetation loss, and mud-rock flows. These issues have become topics of common concern throughout society. According to related research results (Liu 2008), the area of surface subsidence caused by coal mining in China has reached about 600 000 ha, some 0.2 ha (and up to 0.42 ha) of surface subsidence for every 10 000 t of coal produced. Surface subsidence disasters not only damage buildings, water conservancy, transportation infrastructure, and farmland, but also cause adverse effects on individual and community lifestyles, environmental hygiene, and economic development. Deterioration of the ecological environment in mining areas has a long history and is very harmful (Lu, 2015)."

Feb 1, 2019

By Keith Rowley, Neal Harries, David Noon

The management of risks associated with slope instability is an essential process in the safe and economic operation of open cut mines. The ?slope stability radar? (SSR) has been developed to better manage those risks. The SSR remotely scans rock slopes to continuously measure any surface movement and can be used to detect and alert users of wall movements with sub-millimetre precision. The high level of movement precision and broad area coverage of the rock face can allow for a better understanding of the geomechanics of slope deformation, including magnitude of potential failures and additional warning time of impending instability. Additionally, radar waves adequately penetrate through rain, dust and smoke to give reliable measurements, 24 hours a day. SSR systems have been deployed in many mines in Australia, Indonesia, South Africa, Zambia, Chile and the United States. Greater than 70 rock falls and waste dump failures (from several to millions of tonnes) have been monitored, and on every occasion precursor ?warning? movements were recorded by the SSR. This technology enables a radical change in the management of risks in open cut mining. This paper will present recent case studies of the SSR operation in coal and metalliferous mines.

Jan 1, 2006

This paper illustrates the application of numerical modeling methods, in conjunction with limit-equilibrium techniques, to the location of critical slip surfaces in slope-stability problems. Initially, the Spencer slice-based method of analysis is introduced, together with a dynamic-programming algorithm for slip-surface location. This limit-equilibrium method is assessed critically through the use of an illustrative problem. The technique is then extended to locate the critical slip surface for a similar slope, but with more complex constitutive and yield relationships for the material comprising the slope. To this end, the use of the stress field generated from a finite-difference program, together with a dynamic-programming search routine, is presented as an advanced technique of slope-stability analysis for engineers.

Jan 1, 1993

By A. V. L. Narasimham

The practice of refractory lining in Fe Cr furnaces is purely based on the behavior of various refractories used in different parts of the Furnace at elevated temperatures. The choice of the pattern of lining is mostly done on traditionally based concepts. Refractory Lining of a furnace is the most crucial enabler for operational excellence for Ferro Alloys production. During the last few years, no major technological change has taken place in ?Refractory Lining Management?, only freeze lining concept is becoming popular. Many ferro chrome furnaces today, have the refractory lining problems especially at tap holes, resulting in shutdowns and production losses. The author with his experiences for the last 37 years in furnaces of all sizes tried to attempt to investigate into the reasons for premature failure of lining.

Jan 1, 2007

By A. L. Hinde

A review of real-time particle size analysers A. L. HINDE,. B.Sc., A.R.C.S., D.I.C., Ph.D. The physical principles of different sizing techniques are critically examined in order to evaluate the suitability of the techniques for real-time particle size assessment. Examples of both successful and unsuccessful attempts at producing an acceptable real-time sizer are described in order to delineate the difficulties involved in making rapid and accurate size measurements. Only two of the examples described have proved to be suitable for on-line particle size monitoring, namely the "MintekjRSM Onstream Slurry Sizer" manufactured by Cartner Group, Ltd., and the "PSM System 100" made by Autometrics Co. Both these commercial systems are capable of assessing particle size with an accuracy comparable with that obtained by routine sieving and weighing. The "PSM System 100" has been used successfully for automatic control of grinding circuits. Economic benefits derived from this system, operating under rigorous plant conditions for several months, have proved that real-time size analysers are of significant value to the mining and metallurgical industry.

By E. J. Margi

Deep gold exploration such as is used for Witwatersrand gold deposits is both expensive and time-consuming. This paper provides quantitative guidelines as to the economic optimum number of boreholes and deflections within each borehole for a certain reef characterized by its variability pattern and depth below surface in order to maximize the level of confidence for a fixed drilling budget or to minimize the total drilling cost for a given level of confidence. Portions of the Basal, Vaal, and Elsburg Reefs that show a wide range of variability (sample logarithmic variances of 0,63, 1,05, and 2,06 respectively) are examined at depths below surface ranging from 1000 m to 4000 m over a simulated mining property covering 7000 ha (7000 m by 10000 m). It is concluded that four intersections per borehole are optimum in al the cases considered, which cover the majority of current Witwatersrand exploration, with the exception of the highly variable Elsburg Reef at depths of 1000 m and 2000 m, where boreholes with one and two intersections respectively should be preferred.

Jan 1, 1987

By T. A. Silva, A. C. Bragança

Lime has been added to the iron ore slurry transported by the Samarco pipeline since its operation start-up in 1977.Initially, internal corrosion was the main concern therefore the reagent was used only for pH correction. Over the last ten years, though, transport of more complex slurries demanded a significantly higher dosage of lime to guarantee adequate rheology control. Several other reagents have been tested for the same purpose yet none has proven to be as effective regarding technical performance, environmental impact and cost. However, an alternative was sought so that the slurry rheology could still be controlled in case lime addition became impracticable. The objective of this paper is to present a technical solution for this matter, which takes into account environmental aspects. It consists of adding soda for pH correction and an organic coagulant as a rheology modifier. The latter is a quaternary ammonium salt which affected the slurry transport properties in the same manner as lime when tested in a laboratory. It showed no plug formation and allowed solid particles to settle, forming a loose sediment after rest. These results indicate a low probability of plug occurrence in the pipeline and the formation of a readily reslurryable sediment upon shutdown of the pumping system. Industrial tests should be performed in order to validate the laboratory results.

Jan 1, 2007

By P. R. Jochens

SYNOPSIS This review article first highlights the past performance of the industry and discusses the manner in which the development of the industry has followed a logical progression from mining to the production of mineral and metal products of specification purity. Then the numerous constraints against a greater contribution by the industry are enumerated. Attention is drawn to the extent of further processing that can be undertaken in the context of mining and metallurgical processing, not only to indicate the benefits that can be derived from the added-value conferred on a mineral or metal commodity during each stage of its further processing, but also to point out some important corollaries of further processing. The many opportunities and challenges for an increased contribution by the minerals and metals industry are then reviewed. This major section includes a list of commodities for which increased penetration of export markets could be sought because the increasing resistance level (a term developed in this paper) has not been attained; a list of commodities that are imported at present, many of which could be produced locally on the basis of identified resources and expertise; a list of commodities for which additional uses should be developed so that South Africa, which possesses the largest reserves and is the largest exporter, can increase its production rate; and examples of commodities for which further processing is still at an early stag*..

Jan 1, 1985

By A. Koursaris, J. B. See

An investigation is described in which the resistivities of Mamatwan manganese ore, Delmas coal, and Iscor coke, at temperatures or up to 1400°C were determined, as well as the resistivities of mixtures of ore of a constant size range with Delmas coal or Iscor coke of three different size ranges. The resistivities of the ore and the coal were characteristic of those for semi-conducting materials, were strongly influenced by temperature, and decreased by several orders of magnitude between room temperature and IOOO°C. The resistivity of the coke changed only slightly between room temperature and 1400°C, and the resistivity of the coal approached that of the coke at I300°C. This provides support for the theory that the resistivity of carbonaceous reducing agents is primarily a function of heat treatment, and not of the rank and composition of the coal. Above 1200°C, the resistivity of mixtures of ore and coke fell steeply owing to an increase in the volume fraction of coke in the mixture and to the formation of slag. The results were similar for the three different size ranges of coke. The extremely high resistivities of ore-coke and ore-coal mixtures at Iow temperatures indicate that there is unlikely to be much conduction of current in the higher regions of a furnace. Thus, the resistance of a furnace is governed mainly by the conditions at the electrode tips and in the molten regions. To explain the very Iow resistances of furnaces, usually, about I m£?, it would be necessary for investigations to be conducted under conditions similar to those in the active zone of a furnace.

Jan 1, 1980

By T. T. Matuludi

Kleinkopje Colliery has five Wemco drums that were installed and commissioned in 1978. Over the years, there have been remarkable changes in mining and geological conditions at the colliery. First, an increase in the percentage of fines was recorded, which resulted in an uneven split or an imbalance in silo levels between material feeding the cyclone (-12 mm) and Wemco drum (+12 mm) sections respectively. This problem was solved by doing modifications around the banana screens to allow finer material to the drums. The imbalance challenge was then followed by spontaneous combustion that takes place in situ and results in low product yield. The results obtained from efficiency tests indicate that although there is a limit in the percentage of -6 mm material in the feed, Wemco drums are still very efficient and applicable to the current mining conditions. These results also suggest that it is essential to lower the throughput when the drums are treating low yielding coal.

Jan 1, 2010

By R. P. King

The University of the Witwatersrand (Wits) and the minerals industry of South Africa have grown with the city of Johannesburg. The former has provided teaching and research in mining and metallurgy, while the latter has been responsible for the practical training of metallurgists and for the testing and implementation of innovative ideas proposed by the academics. This interplay between inventiveness and industrial application is illustrated by three examples: the establishment of the iron and steel industry as a result of the persistent experimentation undertaken by Professor G. H. Stanley, the first Professor of Metallurgy and Assaying at the South African School of Mines, which later became Wits; the establishment of the research organization that eventually became the Council for Mineral Technology (Mintek) - again through Professor Stanley's faith in the role of research; and the establishment at Wits of physical metallurgy as a discipline in its own right, as first suggested by Professor C. E. Mavrocordatos of Wits against the opinion of his colleagues in the industry. The Department of Metallurgy at Wits has been well supported by the minerals industry. Not only does the industry provide grants for the financial support of students, but it supplements the salaries of personnel in the Department, making possible the recruitment of top-class academic staff. At present the greatest problem is the lack of interest shown by matriculants in the metallurgical industry as a career. However, an enormous effort is being made by the Chamber of Mines, The South African Institute of Mining and Metallurgy, and the Wits Department of Metallurgy to ensure that matriculants receive appropriate information about the career prospects in the minerals industry.

Jan 1, 1983

By S. M. Bradshaw

In order to assess the requirements for online matching when using a transverse electric field (E-field) applicator to treat mineral ores continuously, the effect of varying load properties on matching has been investigated by simulation. The effective permittivity of the ore to be treated is expected to show variation on both short (< 1 s ) and long (minutes) time scales. By modelling the ore as a series of slices with alternating effective permittivity values, it was shown that permittivity variations on the scale of the expected particle size are attenuated significantly and matching is not required. For variations in permittivity on the length scale of the free-space wavelength, variations in reflected power are at most within ±10% of the mean. This is not considered operationally significant, as extreme permittivity variation over this length scale is unlikely, given the expected distribution of ore particle sizes to be treated. At typical ore transport speeds through the applicator, these variations occur on a time scale an order of magnitude shorter than the response time of typical industrial online matching equipment. This implies that online matching is neither required nor possible for short time scale variation. Long-term variations in dielectric properties can be adequately compensated for by current matching technologies. It is concluded that the transverse E-field applicator is robust to changes in the dielectric properties of crushed ores within the expected range of their variation.

Jan 1, 2012

By Hannweg L. A.

In a first for the diamond industry, Koffiefontein Mine in the Free State, South Africa, opted for the front cave mining method to extract a 90 metre high block of kimberlite ore. Block caving, because of its high initial capital requirements, resulting in a negative internal rate of return (IRR),was ruled out as a feasible mining method for Koffiefontein Mine. Front caving is essentially a combination of the traditional block cave and sub-level cave mining methods, but uses two or more levels of retreating drawpoints. Two extraction levels, in the case of Koffiefontein Mine, are spaced 12 m apart vertically, with the upper 478 m level (48Level) acting as the undercut/extraction level, and the lower 490 m level (49 Level) as the extraction level. Caving is achieved by undercutting a small column of ore, which is then drawn, on both the 48 and 49 Levels, until the planned extraction percentage is achieved. The next column of ore is then mined by advancing the undercut (48 Level), and the process is repeated until the entire ore block is depleted to the contact. Caving-by-gravity techniques of mining rely on closely controlled draw of the caved ore to ensure proper caving action and to minimize the dilution of ore with waste material from the open pit. This paper discusses the need for, and implementation of, a draw control system at Koffiefontein Mine — a computerized production management system, and a draw control system based on linear programming, to allow control over the draw rate and mining sequence — a major factor in all production planning to optimize production efficiency, ore recovery and cave management. Keywords: Draw control, Koffiefontein Mine, Front cave, Caving

Sep 1, 2001

By B. Gamble

Solid Energy&apos;s project evaluation process utilises a standard staged gate approach, with five levels leading ultimately to project execution (level 6). For a project to progress through each level, specific financial criteria need to be satisfied. Solid Energy primarily use value based (discounted cash flow) metrics to support investment decisions. Within this approach Solid Energy utilise a number risk-based techniques to quantify project uncertainty. This includes the use of risk-based probabilistic analysis using Monte Carlo simulation and probability-based scenario analysis. Figure 1 shows the net present value (NPV) cumulative probability. Project risks are identified through comprehensive risk workshops. The output of these workshops (list of key risks, ranges of uncertainty and probability of occurrence), is quantified within the financial models. Incorporating this risk information on a probabilistic basis allows an investment decision to be made with a robust knowledge of the range of possible project outcomes along with the likelihood (probability) of those outcomes occurring, for example 80 per cent confidence that the project value will be greater than NZ$10 M, 50 per cent confident it will be greater than NZ$50 M and ten per cent confident it will be greater than NZ$70 M. Incorporating risk implicitly into the financial analysis allows the business to easily evaluate/measure projects with different risk profiles. The detailed risk analysis does away with the complexity of arbitrary risk-based hurdle (discount) rates, as projects can be evaluated based on their specific risk characteristics. Whether a project will progress to the next level of investment and ultimately into implementation depends firstly on the value assessment in comparison with the associated risk/uncertainty, and secondly matching this with the businesses appetite for risk. At Solid Energy standard criteria are used for specific project evaluations, but in addition projects are considered on a portfolio or strategic basis also. Solid Energy attempts to maintain a mix of low risk (low value) projects with some high risk (high value) opportunities. The mix of projects must remain in line with the shareholders&apos; risk appetite. One of the keys to a successful investment decision is ensuring that the appropriate information is available to decision-makers so that they may proceed with a comprehensive understanding of the risks and impacts associated with the decision.

Jan 1, 2007