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Stochastic methods are normally invoked / used to assist with the understanding of risks, when there is uncertainty around a particular outcome. Uncertainty implies that there is a risk that the desired outcome will not be realized. Stochastics and probability theory has long held out the promise to answering this need, but has often been maligned because of its misuse. This paper takes a critical look need for Monte Carlo simulation to project risk evaluation and highlights what is considered to be the fundamental issues that should be thoughtfully considered to avoid the abuse of this technique. The upside of avoiding the abuse of this technique will be the wider acceptance by practitioners that it is a credible technique to quantify this important aspect of valuation.

Jan 1, 2007

By C. Dechert, J. Norwood

Compañia Minera Antamina, Peru has recently completed a fifth year of operation of their 301-km concentrate pipeline. The pipeline was commissioned by PSI in May of 2001. The Antamina pipeline is generally accepted as one of the most complex slurry pipeline operations worldwide. The pipeline transports an average of 1.6 million tonnes of copper and zinc concentrates from the Yanacancha mine site at an elevation of 4 155 metres above sea level (masl) to the port of Huarmey at an elevation of 62 masl. Currently ten different types of concentrates are being transported as separate batches. The pipeline traverses oneof the most rugged areas in the world. It utilizes three different pipe diameters, and four remote valve stations to optimize the hydraulic design. PSI has recently completed an overall operational audi tof the Antamina pipeline. This paper evaluates the operational effectiveness of specific design features and operating philosophies, implemented during the engineering phase, over the last five years of operation.

Jan 1, 2007

By R. J. Mason

Background to the Transvaal Iron Age-new discoveries at Olifantspoort and Broederstroom R. J. MASON*, Ph.D. (Visitor) The work being done on Iron Age sites in the Transvaal is described, with particular reference to the finds at Olifantspoort and Broederstroom. The material so far found provides evidence for the production of iron and copper, the farming of cattle and sheep, and the construction of large villages by people who were probably ancestral to the present Bantu population. The material dates from as early as A.D. 270, but clear indications occur from AD. 460 onwards.

Jan 1, 1974

By A. García-Gutiérrez, A. Aragón-Jerónimo, R. Salazar-Mendoza

A theoretical analysis of a two-region solid-liquid flow system in horizontal pipes is presented, which considers a stationary bed of drill cuttings as a porous medium (-region) below of a two-phase dispersed flow (-region).The method of volume averaging was applied in this study to derive a rigorous mathematical model in which each variable is precisely defined. This model includes the volume-averaged transport equations for both the two-phase dispersed flow and the porous medium regions and terms from a macroscopic forces balance. The solution of the two-region model allowed evaluation of the behaviour of pressure gradient as a function of velocity, total volume fraction of cuttings and the relationship of the height of the stationary bed and pipe diameter. The solution is based on a backward finite difference explicit scheme. The simulated physical system is a pipe of 4.135 m in horizontal length and 0.0508 m in diameter. A one-dimensional, mesh-centred grid, consisting of 100 nodes, is used. The numerical results were compared with experimental data on slurry flows and a good agreement was found. Keywords: two-phase, cuttings transport, solid-liquid flow, drilling modelling, volume averaging.

Jan 1, 2007

Performance testing is often used by project owners and financiers to provide protection from, or assessment of, technical aspects of project design, procurement, construction and commissioning. The performance tests can range from comprehensive performance warranties relating to process performance and production in the case of lump sum turn key (LSTK) projects to less onerous demonstration tests for cost reimbursable contracts. This paper will discuss performance testing from both the contractor's and owner's perspectives and focuses on: ? when performance tests are required, ? what type of performance test/warranty is optimum for each type of project, and ? how project performance should be evaluated. The requirement for performance testing can be driven by the project financiers, particularly in the case of smaller resource development companies. In such cases, differentiation between owner's risk and contractor's risk can become contentious. At the other end of the spectrum, larger mining houses may choose to heavily influence the engineering and design process with the contractor supplying services on a reimbursable basis. In that case, the performance testing process is often limited to demonstration tests that validate performance for the owner's corporate governance requirements. This paper was prepared due to the lack of published benchmarking of performance testing and the resultant differences in expectations between a contractor and a project owner that often surface late in the contract negotiation process. The paper provides a checklist of requirements for both the owner and the contractor that may be used to provide `common purpose' early in the contract negotiation process.

Jan 1, 2007

By S. Budavari

The effects of shaft pillars left in deep-level hard-rock mines during the extraction of tabular deposits were studied some time ago, resulting in the formulation of design principles and procedures, which have been used with success in the design of shaft pillars in the deep-level gold mines of South Africa. The method has not yet been utilized in the design of shaft pillars in shallow and moderately deep hard-rock mines. The purpose of the present study was to remedy the situation since a great number of deposits are worked at those depths. The object of this paper is to present governing equations for the components of stress and differential movement as derived by use of an elastic model. The pillar is taken to be circular in the plane of a horizontal deposit. On the basis of the numerical results obtained, a study was made of the distribution of the vertical strain and tilt along the axis of the shaft, and of the vertical stress along the shaft and across the pillar. In every case investigated, the most adverse geometry was taken into consideration. By use of an empirical criterion and the results of some in situ observations, the determination of pillar dimensions and differential displacement components for South African gold-mining conditions is demonstrated. Pillar dimensions for shallow and moderate depths are compared with those accepted for deep-level conditions.

Jan 1, 1986

By V. P. Kolosyuk, A. M. Bryukhanov

Occurrences of hazardous events (explosions of methane or coal dust, fires, outbursts) have been investigated and presented as a flow of events in time. It has been shown that flows of hazardous events in a long time span are homogeneous, stationary and no-after effect flows and can be considered as stationary Poisson flows. A flow of CH4/coal dust explosions that had happened for the last 27 years in Ukraine was analyzed. The explosions have been statistically processed. Practicability of agreement of statistical and theoretical data on mathematical expectation and mean square deviation of time interval between explosion and the explosion intensity has been stated. Probability of an emergency event in time is expressed through an exponential function, while mathematical expectation of an accident and mean square deviation of time interval between successive explosions are in inverse proportion to the accident intensity. Accident probability for practical purposes can be determined as a product of accident intensity by calculated time interval.

Jan 1, 2003

By C. Kliem

Geological, tectonic, geochemical and geophysical data were utilized for the mineral resource assessment of the Biga Peninsula in NW Turkey. During the deductive phase of the project multivariate statistical methods were applied to accentuate characteristic parameters which sufficiently describe the different types of Pb - Zn mineralization. The parameters most likely to be indicative of mineral occurrences were determined. In the following prognostic phase these parameters were further statistically treated to determine favourability indexes for the occurrence of a deposit within each cell of the training area. Preliminary results of probabilistic, univariate and multivariate methods are presented.

Jan 1, 1987

By C. F. Hews

Trackless mining at the International Nickel Company of Canada, Limited by C. F. HEWS* (Visitor) An account is given of the evolution and advantages of trackless equipment in the underground operations of International Nickel's Ontario Division, with special reference to fill-method mining, development practice, sublevel caving, and induced block caving. Details of maintenance, environmental control, and operator training are also given.

By A. K. Haines

The status of the South African research and development programme on continuous ion exchange, which was aimed at the technical and economic assessment of that process for the recovery of uranium, is reviewed. The first phase of this programme, which has now been completed, involved development investigations on various pilot plants and culminated in the successful operation of a large-scale demonstration plant and the incorporation of the system in a number of new South African uranium plants. This account highlights the engineering aspects and the design fo the system, its adaptation to process flowsheets, and plans for future development.

Jan 1, 1978

By T. Tholana, P. N. Neingo

"A mineral resource constitutes the principal underlying asset of a mining company, and must be exploited and managed in such a way that maximum value is derived from it. Various asset management frameworks applicable to physical assets are available. This paper focuses on the extension of an asset management approach, particularly the Publicly Available Specifications (PAS) 55 asset management framework and the International Organization for Standardization (ISO) 55000 series of standards, to mineral assets. It is concluded that PAS 55 and the ISO 55000 series of standards can be extended to manage mineral assets, resulting in an integrated approach to sustainably optimize value from the company’s mineral assets. The benefits include improved returns on mineral assets, maximum mineral asset utilization, creation of an organizational culture focused on quality and continuous improvement, and assurance to stakeholders that the mineral assets are being efficiently managed over their entire life-cycle. In the context of this paper, a ‘mineral resource’ refers to both Resources and/or Reserves as classified by the SAMREC Code. IntroductionMining involves the extraction of valuable mineral resources from the Earth’s crust. A mineral resource is unique among natural resources in the sense that it is a wasting asset, which means that its value depreciates continuously with extraction. In addition, it is often impaired from time to time as commodity price changes (Macfarlane, 2011a). Since a mineral resource is a wasting asset there is a single opportunity available to optimize value from its extraction. Mine planning involves identifying a strategy to exploit the mineral resource in a way that maximizes value at an acceptable risk level throughout the life of mine (LOM). This optimum extraction strategy changes as economic conditions change, particularly commodity prices, as well as with improvements in orebody knowledge as mining progresses. It is the mineral deposit that competitively distinguishes two different mines and dictates the location of a mine; hence the adage ‘the orebody dictates’. Therefore, a mineral resource is the primary tangible asset possessed by mining companies and must be managed in such a manner that maximizes its value at an acceptable risk level (Macfarlane, 2011a)."

Jan 1, 2016

By W. J. Van Den Berg, J. G. Taylor

The paper discusses the introduction of blindhole boring on the South African gold mines of Anglo American Corporation. It covers the boring trials conducted, and outlines the progress made in the development of blindhole borers. The operating costs, and performances, of the latest 1,52 m diameter borer are given. Future trends and requirements In the application and design of blindhole borers are discussed, as well as factors that are of importance in the design of future machines.

Jan 1, 1978

By M. Mrost

Slimes disposal at South African gold mines by M. MROST*. M.Sc. (Rand) (Fellow) The soil mechanics, civil engineering, and environmental considerations applicable to the construction of slimes dams on the Witwatersrand gold mines are discussed. It is concluded that, though the procedures used in the construction of dam embankments do not accord with the best possible practice, they are entirely adequate in current local circumstances, provided that proper precautions are taken to ensure that the wall foundations are sufficiently permeable and strong, and that the dams are protected against erosion. If current trends towards larger mining and metallurgical complexes continue, it may become necessary to build larger, higher dams, and to adopt slimes embankmentbuilding practices that are inherently more reliable.

Jan 2, 1974

By J. J. van Vuuren

Pipe-stick support in deep-level gold mines is first described and illustrated, a pipe-stick being a mine pole trimmed to the required size and sleeved by a pipe. An account is then given of an investigation into this form of support that involved load-compression tests in a 1000-ton press, tests in a rapid loading machine simulating rock-burst conditions, a study of the load-compression behaviour of pipesticks installed underground, and a cost evaluation. Pipe-stick support was found to be very effective on the face and to cost less than conventional matpacks.

Jan 1, 1979

By V. Matou?vek

The paper addresses pipe flows of aqueous medium-sand slurries at velocities lower than the deposition-limit velocity. Laboratory test results including measurements of particle concentration distributions are used in order to describe a flow with a (pseudo-) linear concentration gradient above a stationary bed. Particle dispersion within the flow is evaluated and a stratification-ratio equation is formulated, estimating a portion of contact load in the flow. The formula is incorporated in the proposed predictive model for the hydraulic gradient for a medium-sand flow above a stationary bed.

Jan 1, 2007

By P. M. Swash

A mineralogical investigation of the main causes of refractoriness of some metalurgicaly complex gold ores in South Africa is reported. It is shown that this refractoriness is related to the presence of submicroscopic gold, carbonaceous material, pyrhotite, and base-metal sulphides. Gold ores can be classified according to their content of these components. Electron-microprobe analysis shows that gold occurs in arsenopyrite and pyrite, the gold contents of which can be up to 2700 gft. The gold and arsenic contents of these minerals are closely corelated. Furthermore, within zoned arsenopyrite grains, the concentration of gold closely folows that of arsenic. Mossbauer spectroscopy caried out on samples of concentrate from the Barberton area indicates that the submicroscopic gold within the sulphides is in a non-metalic form. The mineralogical examination of beneficiation products is important, since it sheds light on some fundamental aspects of the behaviour of the ore and gangue components during milling and flotation. Such basic information will lead ultimately to a better understanding of the problems in the beneficiation of these ores. Investigations have shown that the overmiling of the auriferous arsenopyrite and the disseminated nature of the sulphide mineralization are the main problems during beneficiation.

Jan 1, 1988

The results of small-scale resin-in-pulp pilot-plant investigations at Grootvlei Proprietary Mines Ltd, President Brand Gold Mining Co. Ltd, and Western Areas Gold Mine Co. Ltd are reported. At each mine, a pulp was fed simultaneously to a carbon-in-pulp plant, allowing a direct comparison of the metallurgical performance of the two processes. With the Grootvlei pulp, gold was extracted more efficiently by resin than by carbon owing to the Iow concentration of competing base-metal cyanide complexes in solution. With the Western Areas pulp, the reverse was true because of the high concentrations of copper and nickel in solution. Finally, with the President Brand pulp, resin-inpulp was significantly superior to carbon-in-pulp owing mainly to the inherently slow rate of gold extraction from calcine by activated carbon. Results are presented that show the efficiency of the elution of gold and other elements with a variety of reagents from the loaded resins arising from these three campaigns. At Western Areas, a detailed investigation enabled a preliminary cost evaluation to be made of three techniques for the elution of strong-base resins.

Jan 1, 1984

By Willie Hefer

Contents ?Purpose ?Introduction ?Deviation of bias results ?Operational correctness ?Maintenance and Costs ?Conclusion ?Acknowledgements

Jan 1, 2005

For resources projects with healthy net present value (NPV) and low cash flow volatility, conventional discounted cash flow (DCF) analysis will continue to provide the dominant investment decision-making criteria. However, DCF analysis can be biased because it often applies a single risk-adjusted discount rate (RADR) to compare the value of projects with different risk characteristics. Many of the difficulties with DCF modelling arise from analysts' inability to determine appropriate risk discounts and to estimate expected spot prices inputs for the commodities produced over the life of the project. Modern asset pricing (MAP) is a very valuable complement to DCF analysis in addressing some of these issues. Most papers dealing with MAP, however, while academically rigorous, tend not to be explicit in terms of practical application of this methodology in routine project evaluation. This paper has the objective of reviewing the MAP methodology and of demystifying its complexity, by providing a simple but realistic step-by-step evaluation of a mining project, comparing its DCF and MAP NPV values. The paper concludes that MAP provides a minimum, risk-adjusted `floor' value, thus representing a valuable complement to any DCF valuation.

Jan 1, 2007

By M. B. Cortie

The historical development of materials engineering in the mining industry Is briefly reviewed, and some of the factors currently influencing the industry in South Africa are discussed. Material usages in various parts of the mining operation are surveyed. The predominant mechanisms in the degradation of materials in mines are wear, corrosion, and fatigue. The issue of corrosion-abrasion Is considered, but it Is concluded that abrasive wear predominates in most rock-handling and comminution applications and that, in general, little economic benefit Is to be gained in those applications by the use of existing corrosion-resistant alloys. However, alloys with a measure of corrosion resistance find profitable application elsewhere in the mining environment. The use of other engineering materials such as polymers, ceramics, al1l1inium, and various ferrous alloys may be economically viable in a variety of niche situations. Identification of the most cost-effective material in each case calls for a systematic approach and some patience.

Jan 1, 1996