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By I. A. Mwamba

Titanium aluminide of composition Ti-47.5 at.% Al was prepared by melting titanium and aluminium of commercial purity with additions of precious metals of 0, 0.2, 1, 1.5 and 2 at.% content. The microstructure, hardness and oxidation properties were assessed. It was found that at 47.5 at.% Al, the microstructure of plain TiAl alloys was duplex, consisting of duplex lamellar grains and ? grains. The lamellar grains consisted of alternating lamellae of ? (TiAl) and a2 (Ti3Al), with overall aluminium content in the range of 43?47 at.%. The ? grains had a aluminium content above 50 at.%. The addition of precious metals to the TiAl alloy resulted in the formation of a new phase, with a high precious metal content, occurring mostly in the ? phase, without any major change to the microstructure. Increasing the amount of precious metals resulted in an increase of the new phase amount, at the expense of the ? phase. The hardness of the different alloys was around 300HV10. Overall, the research has shown that addition of precious metals to TiAl resulted in a slight increase in hardness and a significant improvement of the oxidation resistance. This shows that alloying TiAl with precious metals, at the addition levels investigated, does not alter the mechanical properties very much, but improves oxidation resistance.

Jan 1, 2012

By Robert J. M. Miller

Thank you Mr. Chairman. For more than 15 years a debate has been taking place among students of massive sulphide deposits as to the origin of these deposits. Prior that time it was widely accepted that the deposits were of hydrothermal, epigenetic and even replacement origin (Wilson, 14). Kinkel, Knight, Stanton and others advanced hypotheses which would explain the, formation of the deposits by different, largely syngenetic, volcanogeric processes. I was fortunate in having become involved in exploration for these deposits at about the time the debate was beginning and thus had an opportunity to apply with some success, some of the new and old ideas for formation of massive sulphide deposits. The deposits which I will discuss today are all located n northwestern Quebec, in the Abitibi orogenic belt. Mattagami Lake Mines is about 100 miles due south and Noranda's Horne Mine about 200 miles south of James Bay. In 1959 I prepared a talk which was presented to the 1960 CIM Convention calling attention to the spatial and possible genetic relationship between the ore sulphides of the Mattagami Area, Quebec and the tuffite, as well as the structures which controlled the ore. In this present paper I would like to cover the following points: (1) The general criteria used by the epigeneticists to support their contention that the deposits were formed after the enclosing rocks.

Jan 1, 1973

By Steve Dillingham

PHYSICAL BLAST DATA Pattern Description All measurements related to the description of the physical blast pattern must be made with the mind-set that it has to tell a powerful factual story enabling a future accurate reconstruction of the event. A case has never been lost because too much factual information was available to assist investigators. An accurate physical description of the pattern must be provided based on the blaster’s observations of the pattern actually loaded. The blaster must measure the pattern size, depth, face heights, etc., recording only accurate results. All too often, a blaster records simple pattern sizes and information relayed to him or her from the driller, or from a phone call into the office the night before for powder pre-load inventory purposes. If a pattern was actually measured on the job site by the blaster to be 8.5 x 9.5’, it may, in fact, originally have been ordered at 9’x9’, 8’x9’, or 9’x l0’. In a claim situation, particularly flyrock, recording a “generalization” of what was loaded could result in an interpretation of a blaster’s negligence due to “not knowing or caring” what the actual pattern was, and not loading appropriately for conditions. It is important to remember that other documentation exists such as a drill log from a contract driller or mine records that may provide a different interpretation of the loaded pattern.

Jan 1, 2002

By Jerry C. Tien

In 2009 China mined 2.695 billion metric tones (Gt) of raw coal. It is estimated that only 3-5% or roughly 135 million metric tones (Mt) of these were mined from 300 some surface operations. Except for a dozen or so large modern operations, most of China's surface coal operations are small by western standards, with annual production ranging from a few thousand tones to 300,000 metric tones (mt). Depending on the size of operations, equipment used range from small trucks and shovels to large bucket wheel excavators and draglines in sizable pits. This article provides a brief overview of China's surface mineable coal reserves, mining methods commonly used and increasing environmental concerns; introductions of several large surface operations are also provided.

Jan 1, 2012

By Denis Labrie

Résumé Cent soixante (160) câbles d'ancrage ont été installés au toit de la rampe à la Mine-laboratoire de CANMET à Val-d'Or, Qué bec, Canada, pour prévenir toute dégradation suite à l'élargissement de la voie de roulage dans un secteur tournant à 180 degrés, communément appelé Virage Santa Barbara. Le roc à cet endroit est de nature bloqueuse et stratifiée, et son épaisseur au toit de la rampe est limitée à environ dix (10) mètres, le tout sous une couche de terrain meuble saturée en permanence. Le soutènement mis en place a été conçu pour former une zone de compression et supporter une strate de roc d?environ quatre (4) mètres d'épaisseur. Les critères de conception et les méthodes d'installation sont présentées. Un contrôle de qualité rigoureux a été effectué au moment de la mise en place du support, notamment en ce qui concerne la mise en tension des câbles eux-mêmes et la qualité du béton utilisé lors de l'injection. Des instruments de mesure seront mis en place sous peu pour dépister tout mouvement éventuel au toit de la rampe. Abstract Design and installation of an active mine ground support using tensioned cables at the Experimental Mine, Val-d?Or, Québec, Canada. One hundred sixty (160) cables were installed at the back of the ramp at the CANMET?s Experimental Mine located in Val-d?Or, Québec, Canada, to prevent any degradation of the ground after the enlargement of the roadway in a sector turning at 180 degrees, usually called Virage Santa Barbara. The nature of the rock mass in this area is blocky and stratified, and its thickness above the ramp does not exceed ten (10) metres. Eight (8) metres of soil, mostly saturated, cover the bedrock on top of the ramp. The ground support was designed to form a compression zone at the back, aimed to carry a strata of rock of around four (4) metres thick. The design criteria and the methods of installation of the ground support are described in the paper. A strict control of the quality of the grout used for injection and the tension placed in the cables was carried out during the installation of the support. Ground monitors will be installed soon, to detect any movement that could take place above the ramp.

May 1, 2001

By Joerg Hammerschmidt, Marcus Runkel, Andreas Wirtz, Kent Pope

"Fluidized bed reactor systems in the minerals industry have been progressively developed and widely implemented over a period of more than sixty years for a multitude of process applications. Their versatility is manifested in calcining, roasting and combustion treatment of minerals including solid fuels. Experiences from metallurgical processes have expanded to new applications in the oil shale processing, biomass combustion and renewable energy sector. This paper focuses on the most important aspects of fluidized bed technology for a variety of Outotec processes. Energy recovery is a major topic for all applications and will be addressed, as well as environmental aspects, particularly regarding the off-gas treatment. Outotec is one of the pioneers of roasting and the fluidized bed process including gas cleaning and sulphuric acid production where applicable. Process development is strongly supported by significant investment in R&D, thus enabling process adaptation and scale-up to meet specific customer/market requirements.Introduction to Fluidized Bed TechnologyThe early days of fluidized bed technology were characterized by the use of bubbling fluidized bed reactors (BFB). This technology was popular for roasting zinc and copper ores. The introduction of circulating fluidized bed technology led to increased plant capacities and improved process control for the traditional processes. Furthermore, the technology has been applied in many other industries, including the renewable energy industry, which will be part of this design and process comparison. The paper starts out with the fundamentals on particle fluidization as the main common design parameter, leading to the importance of heat recovery and offgas treatment.In fluidized reactor systems, the particle concentrations can reach several hundred kilograms per cubic meter of fluidization gas. This high solid concentration leads to large surface areas and enables direct contact of gas molecules with particle surface molecules. Excellent conditions for enhanced heat and mass transfer thus provide nearly ""ideal"" heat exchange conditions and better reaction kinetics. The bubbling bed exhibits a better heat transfer coefficient within the bed in comparison to the circulating fluidized bed (CFB). The different conditions of gas velocities and solid concentrations allowing the classification of fluidization reaction regimes are shown in the Reh diagram in Figure 1."

Jan 1, 2014

By M E. Barley, A D. George, M Kneeshaw

Detailed pit and outcrop mapping of sedimentary rocks and their alteration is providing insights into fluvial processes that operated during deposition of the world-class Yandi channel iron deposit. Five prominent rock units are traceable along the strike of the Yandi deposit and permit correlation of open pits and mesas. These units are the Eastern Clay Horizon (ECH), granule-pebble conglomerate (GPC), Main Ore Zone (MOZ), Basal Denatured Zone (BDZ), and Basal Conglomerate (BCONG). The upper part of the deposit is characterised by a transition from spheroidal grains with well-defined rims and nuclei to larger, subangular grains with poorly developed rims. The distribution of rock types and sedimentary features such as lateral accretion surfaces, channel scours and fills, graded bedding, cross-bedding, reworked horizons, and slumped strata are common at Yandi and indicate deposition in a fluvial system. Bedding is well preserved despite modification of original grain shapes and textures and introduction of secondary silica and alumina in the upper part of the deposit. The high lithic and clay content of the GPC and ECH possibly reflect changes in source area or a hiatus in deposition of the Marillana Pisolite. The MOZ and the BDZ may be the same depositional unit with the latter recording alteration by groundwater and destruction of primary textures and other sedimentary features. The BCONG is a channel lag deposit reworked during deposition of the MOZ. This interpretation is supported by the dominance of basement-derived lithic clasts, the presence of BCONG clasts, the variable thickness of the unit along strike and the presence of BCONG clasts in the BDZ.

Jan 1, 2002

By M. Bergerman

Sossego was the first Vale SAG mill operation to process copper-gold ore. It is located in Para state, south east of Amazon region in Brazil. The comminution circuit was designed to treat 41 000 metric tons per day comprising primary crushing, one 11.6 m SAG mill operating in closed configuration with cone crushers, followed by two 6.7 ball mills. In the first three years of continuous operation Vale investigated alternatives for obtained improved performance of the circuit by investigating operating conditions, mainly focusing on SAG mill. A number of actions were then implemented, which resulted in significant increase in overall production. Vale then decided to further assess the performance of the comminution circuit as a function of ore characteristics. A comprehensive ore characterization program was then conducted, together with the calibration of mathematical models on the basis of surveys carried out at the industrial circuit. The simulator was then used to predict the production level associated to each ore type, as well as to establish the optimized circuit configuration and tailored operating conditions. The ongoing validation program is planned to consolidate the selected strategy, as well as showing the benefits in adopting such indices in mine planning, as opposed to rather simplistic approaches. This paper describes in detail the main aspects of optimizing the industrial circuit performance, as well as the successful method for predicting the production as a function of ore characteristics.

Jan 1, 2014

By Peter N. Blakey

The Kidd Creek orebody is a massive, base metal deposit with widths up to 600 feet and a strike length of 2,200 feet. The orebody dips eastwards at 70° to 80° and is amenable to sub-level open stoping. Five distinct zones (Fig.1) based on structural wall rocks and ore type parameters occur within the orebody. These zones are: Zone 1 - Mainly copper stringer ore Zone 2 - Massive pyrite ore Zone 3 - Massive sphalerite and chalcopyrite Zones 4 and 5 - Are banded and variable in nature Compressive strengths vary from zone to zone with an average of 22,000 p.s.i. and highs of 40,000 p.s.i. The mine is developed from a ramp extending from surface to the 1600 foot level and a 24 foot diameter, 3050 foot vertical shaft with main levels at 400 foot intervals. Sub-levels at 100 foot vertical intervals are driven from the ramp. transverse and longitudinal pillars to support the crown pillar left under the open pit. The layout allows an opportunity to enlarge or reduce pillar sizes and also to introduce fill on any horizon should conditions warrant. It also offers a large number of operating stopes spread through the various ore zones giving good ore blending characteristics. All ore from the stopes is handled through drawpoints using Wagner ST8 scooptrams with an average one way haul length of 650 feet.

Jan 1, 1976

By B. Q. Li

A numerical study of the developing fluid flow and thermal aspects during the staning phase of aluminum continuous casting processes is presented. The deforming finite element method, coupled with a quasi-Lagrangian formulation, is used to represent the growth of an ingot and the dynamic fluid flow and thermal behavior that evolves in the growing ingot. The mathematical formulation of the problem and the numerical treatment are discussed. The algorithm solves the free moving nodes as part of total unknowns with an automatic time step control for time integration. This permits an optimal computing efficiency while still keeping the computational errors under control. A selection of the results obtained using the algorithm is presented. The results are concerned with the evolution of fluid flow, temperature and solidification phenomena during a DC round ingot casting process, as it evolves from the beginning of casting operation to a steady state. These results show that the time-varying, complex fluid flow and thermal phenomena during continuous casting processes can be very well represented by the computational algorithm. The results also illustrate that, during the casting process, ~e fluid flow and temperature fields change drastically at the initial stage but evolve slowly afterwards

Jan 1, 1993

By J G. McLellan, B Miller

Copper and Gold mineralisation at the Ernest Henry deposit is bound by two controlling shears along the hanging wall and footwall margins. The shear zone geometries have been influenced by a large diorite intrusion, dated at ca. 1660 Ma, which lies to the north-east and south-west of the main orebody. The shear zones, which partitioned strain prior to the main mineralising event ca. 1514–1504 Ma, and in conjunction with adjacent regional structures, have been a critical factor in the deposit location and geometry. Conventional exploration techniques have been utilised proximal to the current deposit since the initial discovery in order to expand upon known resources, with limited success. However, new geomechanical modelling techniques have now been employed to target structurally controlled mineralised zones in three dimensions. The main aim of the geomechanical modelling was to simulate the effects of regional deformation events to highlight areas of anomalous strain, which indicate areas with a higher likelihood of fluid focusing and mineralisation potential. This project was focused on testing the latter stages of a D3 event (NE-SW compression) to examine preconditioning of the system, and a D4 event (SE-NW compression) which have ultimately been responsible for the current location of the mineralisation.CITATION:McLellan, J G and Miller, B, 2017. Geomechanical modelling of the Ernest Henry iron oxide copper gold deposit – identifying fluid pathways to predict potential mineralised zones, in Proceedings Tenth International Mining Geology Conference 2017, pp 75–82 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Sep 20, 2017

By Fathi Habashi

"Davy, Faraday, and Bunsen laid the foundation of electrometallurgy which had a· great impact on other areas of metallurgy. Electrometallurgy is presently dominated by the production of aluminum, the electrorefining of copper, and the electrowinning of zinc. It has also been successful in the electrowinning of copper from solutions obtained by leaching-solvent extraction. Electrowinning processes, however, are capital intensive. Improvement of the present technology should be intensely investigated especially when it is expected that such processes will increase greatly as a result of a shift from certain pyrometallurgical processes to pressure hydro metallurgy.INTRODUCTIONPyrometallurgy was used for thousands of years to produce copper and iron from their oxide ores!). Today it is still the only route to produce iron and steel and it is certain that it will remain so for many decades to come because pyrometallurgy is most suitable for the treatment of high grade oxide ores. Even when high grade iron ores are exhausted, it is possible to beneficiate the low-grade ores and produce pellets suitable for reduction in the blast furnace, which is a very efficient reactor, being a heat exchanger as well. Hydrometallurgy on the other hand can be traced to the time of alchemists in the Middle Ages when they were seeking to transmute base metals into gold, and thus were able to prepare many acids and bases which are the essential leaching agents."

Jan 1, 1997

By M. Lindgren, M. Latva-Kokko

Process performance can be significantly influenced by proper design of hydrometallurgical reactors. Optimal reactor configuration is case specific and depends on process requirements such as reaction rate limiting factor and particle size distribution. Choice of materials and manufacturing methods also play important roles in highly corrosive and abrasive environment often involved in hydrometallurgical industry. In this paper performance of different reactor designs has been compared in some typical hydrometallurgical applications. Results show that significant improvement in energy consumption, gas utilization efficiency and equipment lifetime can be achieved with process specific reactor design.

Jan 1, 2014

By W. D. Riley

The Bureau of Mines is conducting research on methods for the rapid identification and sorting of mixed scrap metals and alloys so that domestic scrap resources can be fully utilized. One method, spark testing, is the examination of the pattern of sparks that results when a metal or alloy is ground on an abrasive wheel. This technique requires experienced sorters. Bureau researchers have shown that spectrophotometric methods can be used in lieu of the highly skilled sorter. The spectra of a mild steel, an HSLA steel, several stainless steels, and four nickel-base alloys have been measured. Differences in the spectra that are sufficient for identification are apparent.

Jan 1, 1985

By N. S. Aouad

"Gaseous explosions are one of the most hazardous incidents in process and mining industries. Experimental research in this area is shown to be high risk and expensive. Computational Fluid Dynamics (CFD) techniques are reasonable alternatives to experiments; specifically when testing large scale gaseous explosions such as methane explosion in underground mines. The dimensions of a confined space where explosions could occur vary significantly. Thus, the scaling effect on explosion parameters is worth to be investigated using CFD tools. In this research paper, the impact of scaling on the explosion overpressures is investigated by employing two scaling factors. These two factors are the Gas-fill Length scaling factor (FLSF) and the Hydraulic Diameter scaling factor (HDSF). The combinations of eight HDSFs (1, 2, 4, 8, 16, 32, 64, and 100) and five HDSFs (0.5, 1, 2, 4, and 8) will cover a wide range of space dimensions where flammable gas could accumulate. Experiments were conducted to evaluate the selected premixed combustion and turbulence models. Large Eddy Simulation (LES) turbulence model was used because it shows accuracy compared to the widely used Reynolds’ averaged models for the scenarios investigated in the experiments. Researchers also simulated methane explosions in both deflagration and detonation regimes using different numerical schemes. Three major conclusions can be drawn from the simulation results. (1) The overpressure increases with both FLSF and HDSF within the deflagration regime; (2) in an explosion duct with length to diameter ratio greater than 54, detonation is more likely to be triggered for stoichiometric methane/air mixture; (3) overpressure increases as an increment hydraulic diameter of a geometry within deflagration regime. INTRODUCTION The most typical category of gaseous explosion accidents is methane explosion accidents in the mining industry. It normally leads to significant economic loss and massive amount of casualties (McPherson, 1993). It could occur in unconfined spaces, such as combustion due to flammable gas leakage, as well as confined spaces, such as inner-combustion in process equipment and methane explosions in airways of underground mines. Gaseous explosions in confined spaces are more intensive compared to unconfined spaces provided that the total energy of explosives is the same. In addition, explosion characteristics are also affected by the geometry of a selected confined space. The size of confined spaces commonly encountered in process and mining industries could differ as much as an order of four (Catlin & Johnson, 1992). A better understanding of the scaling effect on gaseous explosions could contribute to explosion mitigation and prevent operation activities within high risk regions. This research paper has investigated this scaling effect and its impact on explosion propagation. The approach to investigate explosions is either experimental or numerical. Large scale explosion experiments are often costly and dangerous (Catlin, 1991; Zhang, Pang, & Zhang, 2011). Lab scale experiments and numerical methods are common alternatives. However, it is not yet clear if the findings in lab scale experiments can be used to represent the explosion characteristics or not. On the other hand, CFD modeling has been used to simulate chemical combustions and, thus, can be used to evaluate the scaling effects in methane explosions."

Jan 1, 2015

By H. Senoh

For the purpose of clarifying the reason caused a drastic decrease of discharge capacity for MmNi3.6Mn0.4Al0.3Co0.7 electrode at relatively low temperatures, various factors influencing the charge-discharge processes were investigated in the temperature range of 25°C to -40°C. The charge efficiency obviously decreased at low temperatures less than 0°C due to a decrease in the rate of the charge-transfer reaction on the electrode surface. Moreover, both the rate of the hydrogen diffusion from the alloy bulk to surface and the rate of the charge-transfer reaction significantly influenced the high-rate dischargeability. The addition of Mo to MmNi3.6Mn0.4Al0.3Co0.7 alloy was found to be effective for improving the electrocatalytic activity, leading to the improvements of the charge efficiency and the high-rate dischargeability at relatively low temperatures.

Jan 1, 2002

By P. J. McDonough

The Bureau of Mines designed and tested a hardware-software system for measuring on-line corrosion rates of materials in a rod mill in operation. Currents ranging from 10-6 to 10-3 A and potentials in I-mV increments were converted to a digital signal. The digitized data were frequency-modulated and transmitted from a rotating ball mill to an FM receiver, where they were decoded by computer and then processed in real time using assembly language software. This design approach would allow accurate measurement and control of systems where signals of small amplitude and large ranges are present.

Jan 1, 1988

"In response to mine head grades declining and orebodies becoming more complex, Glencore Technology has developed an alternative method for recovering economic minerals once leached into solution, rather than relying on conventional flowsheet options. The method involves the precipitation and separation of base metals from solution with limestone or lime. The final grade of these precipitate is not usually high enough to attract favourable terms of sale due to dilution from gypsum and sulphate salts. A set of operating conditions have been developed to allow the separation of the base metal precipitate from gypsum by exploiting the difference in particle size. A high-grade oxide product can be easily separated from the gypsum stream at very low cost. This process was originally developed by Glencore for zinc and copper systems. This paper reports on the successful application to nickel and cobalt, and this process has significant advantages over the incumbent precipitation process utilising magnesia.INTRODUCTION During evaluation of transitional and oxide zinc ore deposits during the 1990’s, Noranda Inc. (now Glencore) developed a sulphate based ore leach process to extract zinc into solution. For flowsheet development, conventional schemes dictated that once the zinc was dissolved in an acidified solution it was recovered by means of purification or solvent extraction followed by electrowinning and casting to produce zinc ingots. The deposits Noranda evaluated were high grade but had a relatively short mine life (10 years) and economic analysis showed that the projects couldn’t sustain the investment of a full zinc refinery. Compounding this problem was the lack of power supply infrastructure and the high power cost in the region. Noranda then evaluated alternative means of recovering zinc from solution. Laboratory testwork showed that a high-grade zinc precipitate (+50 wt% Zn) could be produced as an oxide, carbonate or sulphide by contacting acidified zinc sulphate solution with a number of reagents including soda ash, sodium hydroxide, and sodium hydrogen sulphide. Economic evaluation showed that the cost of the reagents are prohibitive, especially when the final product is still a metal intermediate (ZnO, ZnCO3 or ZnS). Noranda then continued to focus on fine zinc oxide precipitation for supply into the automotive tyre industry as this product would attract favourable terms of sale as a premium on Special High Grade (SHG) zinc."

Jan 1, 2017

The Gosowong epithermal quartz-adularia vein, in the Halmahera magmatic arc, is a new discovery in an area of primary tropical rain forest with no history of gold mining or mineralization. The newly recognized mineral district also contains a number of other epithermal vein systems, two centres of porphyry Cu-Au mineralization, and a number of argillic and advanced argillic alteration zones that may be related to underlying mineralization. Gosowong was discovered and tested through the application of basic exploration techniques including drainage sampling, soil sampling, trenching, magnetics, IP, and diamond drilling. Lapse time from the initial reconnaissance discovery of a stream sediment anomaly to the release of inferred resource estimates of approximately 1.0m ounces was just over 3 years.

Jan 1, 1997

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