Search Documents

Book reviews Fiftieth Annual Report (1971) of the Safety in Mines Research Establishment, published by H. M. Stationery Office, London on behalf of the Department of Trade and Industry. Advances in extractive metallurgy and refining. This excellent volume, published by the Institution of Mining and Metallurgy, contains all the thirty papers presented at the International Symposium held in London in October, 1971. Electric Melting Practice by A. G. E. Robiette, Charles Griffin and Co. 412 pp. In recent years the application of electric furnaces to melting processes has expanded to such an extent that it has become a topic in its own right, quite distinct from the related subject of electric smelting which is still limited, for the most part, to those areas where inexpensive electrical power is available. Optimum use of manpower by A. J. van Zyl. The sixties represented one of the longest periods of sustained economic growth South Africa has experienced. At the same time it caused a certain amount of inflation and an acute manpower shortage.

By R. A. H. Lycett, P. R. Jochens, D. D. Howat

The crystallization of rutile from titaniferous slags by R. A. H. LYCETT, M.Se. (Eng.),"A.M.I.M.M. (Visitor), P. R. JOCHENS, Pr. Eng., M.Se. (Eng.) (Rand), Ph.D. (Member), and D. D. HOWAT, B.Se., Ph.D., F.R.I.C., F.I.M. (Fellow) Factors affecting the precipitation of rutile from smelter slags were investigated, with particular reference to the effect of additions of phosphorus pentoxide to the slag. The phases were identified and the phase boundaries determined for slags having phosphorus pentoxide additions of 0 to 50 per cent. The liquidus temperatures of these slags were determined, and a pseudo-binary phase diagram was constructed. Rutile crystallized as the primary phase from melts having a phosphorus pentoxide content of more than IS,S per cent. Prismatic rutile crystals whose TiO. content was more than 97 per cent were grown from melts that had a phosphorus pentoxide addition of 30 per cent. However, the morphology of the precipitated rutile was such as to make subsequent separation impracticable.

Jan 9, 1975

By J. H. Viljoen, N. B. Strydom, J. S. Greyson, C. H. Van Graan

SYNOPSIS Bad eyesight and poor illumination can contribute to the occurrence of accidents in mines. As one part of a study of this problem, surveys of light intensities have been conducted in 19 gold mines. On 17 of the mines the surveys were on one underground level only, whilst in two of the mines more intensive surveys were conducted by measuring light intensities in all areas to determine any inter-mine variations between the levels of illumination. Readings of light intensity were taken underground at stations, tips, winches, stopes, conveyor belts, waiting places, pump stations, fitters' and boilermakers' workshops, ambulance rooms and in haulages. It is concluded that the average levels of illumination in South African gold mines are comparable with those reported in the literature for mines elsewhere. Standardisation of lighting conditions underground could eliminate inter- and intra-mine variation in illumination levels where they occur. A guide to mine illumination practice would assist such standardisation, and help increase the levels and effectiveness of illumination in mines. Some suggestions are made in this latter connection.

By H. M. Friede

Notes on the composition of pre- European copper and copper-alloy artefacts from the Transvaal by H. M. Friede. Ph.D. (Visitor) Seven copper artefacts (five ingots and two ornaments) found at prehistoric sites in the Transvaal were submitted to analysis. All the artefacts showed a high copper content and a relatively Iow level of impurities. A little-known ingot type from the Limpopo Valley ('nail' ingot) is described, and its analysis is given. The analysis of two copper ornaments that come from sites dated to the 5th Century AD. and the 11th Century AD. showed the constancy of the composition of copper articles over long periods. The well-known 'Blaauwberg Ingot' was re-analysed, and the results showed that this ingot cannot be regarded as a true bronze. Analytical values for the composition of three brass artefacts from Bambandyanalo (Mapungubwe), Northern Transvaal, are given. Some aspects of pre-European bronze manufacture and brass smelting, and of early metal trade from the East Coast into the interior of South Africa, are discussed.

Jan 2, 1975

By R. R. Mankowski

The work described in this paper is an attempt to increase present-day knowledge of fatigue in mine hoisting cables, particularly the internal energy loss arising from interwire/strand friction in a cable undergoing periodic non-planar transverse vibration. Such frictional energy loss is known to be one of the major influences limiting useful working life of hoisting cables in use today, and is responsible for the large capital outlay required to maintain the high safety factors prescribed by the mining industry. The experimental method employed identifies two mechanical characteristics of cables that are independent of amplitude and frequency, and are primarily attributed to the type of cable construction. Interest is focused the time rate of change of curvature as the major parameter influencing the internal damping mechanism. Empirical results confirm that amplitude and mode number play an important role in quantifying the internal losses, and also reveal that a critical radius of curvature exists below which damage due to vibration fatigue rises exponentialy to potentially high levels.

Jan 1, 1988

By P. J. D. Lloyd, Jill Urban, M. R. Urban

The adsorption of gold from cyanide solutions onto constituents of the reef, and its role in reducing the efficiency of the gold-recovery process by M. R. URBAN. M.Sc. (Chem. Eng.) Rand (Visitor). JILL URBAN. B.Sc. (Chem. Eng.) Rand (Visitor) and P. J. D. LLOYD. Ph.D. (Cape Town) (Fellow) Evidence for the adsorption or re-precipitation of gold from cyanide solutions onto gangue minerals of the Witwatersrand reefs has been gathered over a number of years by various investigators. The evidence from tests using radioactive tracers is conclusive and indicates thlt adsorption contributes about 0,1 g/t to the total gold loss from conventional reduction works. The loss is a function of the alkalinity and cyanide concentration of the solution, and it appears to be affected by the extent of time between milling and cyanidation. The heavy minerals appear to be the strongest adsorbers, and the clay minerals somewhat less strong adsorbers. A sensitive qualitative test based on thin-layer chromatography permits the extent of adsorption and desorption to be readily determined.

By deur R. R. Mears

The expected curtailment of activities within the gold-mining industry by the closure of the more marginal mines, and the shortening of the life of the industry as a whole as a result of rising costs and/or an uncertain gold price, are factors that are bound to harm the South African economy in a number of ways. The industry has no option but to regard the gold price, which is determined on the world market, as a given quantity. The remaining ore reserves al tend to be of a lower grade and/or to be found at greater depth. Therefore tighter control of working costs would seem to be almost the only option open to the industry. Working costs can be divided into two broad categories: costs emanating from the environmental characteristics of the orebody, and costs emanating from the general inflationary environment in which the industry has to purchase its inputs. Working costs stemming from the physical environment also fall into two categories: those relating to the grade of the orebody, and those resulting from working at increasing depth and temperature, together with the need to pump increasing quantities of water. The industry is both capital- and labour-intensive in absolute terms, since it requires large inputs of labour as well as of capital. It is limited in its scope to adjust its production function by becoming more labour- or more capital intensive, and is dependent on a large labour force, which cannot easily be replaced by capital inputs. On the other hand, large amounts of capital are required for investment in shafts, development, machinery, and equipment. Since the early seventies, the working costs of the South African gold-mining industry have increased at an annual rate that was significantly higher than the general rate of inflation. This rapid rise in working costs has caused some mines to find themselves in a difficult profit position. At times, the gold-mining industry has even been compelled to restructure its cost/revenue relationship rather fundamentally by revising the grade of ore worked sharply upwards or downwards, as the case may be. The rise in the gold price since 1972 has made it possible for the industry to introduce significant changes in its Black wage policy. The main aim was to increase the permanency of the Black labour force and to encourage local Black workers to join the industry. At the same time, significant increases were also experienced in the cost of machinery and stores, as well as of capital, mainly as a result of inflation. In the study on which this paper is based, the author attempted to measure the influence of environmental factors on working costs, using the physical consumption of electricity as a criterion for measurement. He found that the usefulness of this criterion in relation to factors such as depth, temperature, and water quantities pumped was invariably more than neutralized by the effects of greater productivity and economies of scale. The effects of these environmental factors on the working costs of the industry could therefore not be determined to any degree of accuracy. It seems that good progress is being made with the development of capital-intensive forms of technology aimed at coping with rapidly rising working costs and other effects of increasing depth. Techniques are also being developed to improve rock-cutting procedures and to eliminate the use of explosives in order to introduce a continuous mining process. On the whole, the gold-mining industry seems to be more sensitive to general inflationary pressures than to the cost effects that are associated with depth, temperature, and water quantities pumped. Greater control is possible over physical environmental factors such as the grade of ore mined, temperature, rate and nature of development of a mine, and adaptation of the daily working cycle to a continuous mining process. Wolfe and others hold the view that the industry will lose control over labour costs as a result of the 'sharp increase in wages and the growth of Black trade unions. However, the use of more capital-intensive technology will allow the industry to reduce its labour force, and a smaller, better-trained, and more permanent labour force will enable the industry to cope with the increasingly difficult physical environment and higher wages.

Jan 1, 1987

To the members of The South African Institute of Mining and Metallurgy We have audited the annual financial statements set out on pages 272 to 277. These financial statements are the responsibility of the Institute's Council. Our responsibility is to report on these financial statements. We have conducted our audit in accordance with generally accepted auditing standards. These standards require that we plan and perform the audit to obtain reasonable assurance that, in all material respects, fair presentation is achieved in the financial statements. The audit included an evaluation of the appropriateness of the accounting policies, an examination, on a test basis, of evidence that supports the amounts and disclosures included in the financial statements, an assessment of the reasonableness of significant estimates, and a consideration of the appropri¬ateness of the overall financial statement presentation. We consider that our auditing procedures were appropriate in the circumstances to enable us to express our opinion presented here. In our opinion these financial statements fairly present the financial position of the Institute at 30th June, 1996, and the results of its operations for the year then ended in conformity with generally accepted accounting practice.

Jan 1, 1996

Report of the independent auditors To the members of The South African Institute of Mining and Metallurgy We have audited the annual financial statements set out on pages 251 to 257. These financial statements are the responsibility of the institute's Council. Our responsibility is to report on these financial statements. We have conducted our audit in accordance with generally accepted auditing standards. These standards require that we plan and perform the audit to obtain reasonable assurance that, in all material respects, fair presentation is achieved in the financial statements. The audit included an evaluation of the appropriateness of the accounting policies, an examination, on a test basis, of evidence that supports the amounts and disclosures included in the financial statements, an assessment of the reasonableness of significant estimates, and a consideration of the appropri¬ateness of the overall financial statement presentation. We consider that our auditing procedures were appropriate in the circumstances to enable us to express our opinion presented here. In our opinion these financial statements fairly present the financial position of the institute at 30th June, 1998, and the results of its operations for the year then ended in conformity with generally accepted accounting practice.

Jan 1, 1985

By A. G. Ramsay, P. G. Kahles, L. E. Kun

A method for the clarification of uranium pregnant solutions using a high-rate floc blanket was developed from laboratory scale through pilot-plant testing to full-scale production by the Anglo American Research laboratories. A two-stage clarification process (hopper plus leaf) was commissioned at the Western Deep levels uranium plant in October 1980. The high efficiency of the hopper clarification permitted its use on its own. The leaf clarifiers were therefore taken out of service in September 1981, since when the secondary clarification is achieved by further unaided gravity settling in the semi-clarified and clarified pregnant-solution storage tanks. As a result, a daily 12000 to 17000 t of countercurrent-decantation overflow with a suspended-solids concentration of 500 to 600 mg/I is continuously clarified to a suspended-solids concentration of less than 30 mg/I. Secondary gravity settling reduces the suspendedsolids concentration to under 20 mg/I. The cost of the single-stage hopper-clarification process is RO,O020per ton of liquid treated. The removal of the leaf clarifiers from the circuit resulted in an approximate visible saving of RI00000 per annum.

Jan 1, 1983

In the investigation described here, it was found that the main effect of temperature is on the rate of flotation, and that adsorption of the reagent is not rate controlling. Above 10°C, the flotation rate of pyrite and gangue increases almost exponentially with a rise in temperature. Below that temperature, the flotation rate of pyrite shows a sudden marked decrease, that of gangue increases, and the sulphur grades are significantly poorer. In the flotation of pyrite, the mass transfer of the pyrite from the pulp to the troth is thought to be the ratecontrolling step, whereas the flotation of gangue is controlled by the combined effect of the stability and velocity of the froth and the viscosity of the elutriating medium. The latter is probably the controlling effect at temperatures below 10°C. Little difference was noted in the recoveries (provided no time limit was set) with changes in temperature; hence adequate recoveries can be obtained at Iow temperatures by the introduction of longer residence times for the pulp. The adverse effects of Iow temperatures on grades can be overcome only by additional cleaning or by heating of the pulp.

Jan 1, 1984

To the members of The South African Institute of Mining and Metallurgy We have audited the annual financial statements set out on pages 251 to 257. These financial statements are the responsibility of the institute's Council. Our responsibility is to report on these financial statements. We have conducted our audit in accordance with generally accepted auditing standards. These standards require that we plan and perform the audit to obtain reasonable assurance that, in all material respects, fair presentation is achieved in the financial statements. The audit included an evaluation of the appropriateness of the accounting policies, an examination, on a test basis, of evidence that supports the amounts and disclosures included in the financial statements, an assessment of the reasonableness of significant estimates, and a consideration of the appropri¬ateness of the overall financial statement presentation. We consider that our auditing procedures were appropriate in the circumstances to enable us to express our opinion presented here. In our opinion these financial statements fairly present the financial position of the institute at 30th June, 1998, and the results of its operations for the year then ended in conformity with generally accepted accounting practice.

Jan 1, 1998

By J. T. Collins, C. J. Cloete

Secunda Collieries forms part of Sasol Coal, the coal division of the Sasol Group of companies, and already produces 29 Mt of coal per annum from its four collieries: Twistdraai, Brandspruit, Bosjesspruit, and Middelbult. The successful establishment of this mining complex was achieved only through a unique team spirit in which the central services and the decentralized teams under the leadership of the mine management of each of the four mines played an important role. The Secunda mining complex has now reached the optimization phase, during which the mining cost, productivity, safety, and quality of work become as important as production. The setting of priorities and problem solving over the long, medium, and short term are essential for improving the performance of the four collieries. Management had to adapt to the fast-changing environment during the enormously fast build-up of production. The major challenges in the environment were posed by the frequent dolerite intrusions, the extremely hard cutting conditions caused by carbonated nodules and thin sandstone intrusions in the coal seam, and excessive roof and face pressure in some areas due to semi-massive sandstone formations in the rock strata.

Jan 1, 1986

By M. Cortie, L. Iorio

The amount of nitrogen contained in an austenitic stainless steel affects its properties significantly. The maximum content of nitrogen feasible in a range of experimental low-nickel austenitic stainless steels containing significant additions of copper is evaluated The nitrogen content is calculated based on published interaction coefficients, and by use of the FACT thermodynamic computer program and database. The differences between the two methods of prediction can be attributed to inaccuracies in the published interaction coefficients. The calculated nitrogen contents of some experimental alloys are compared with the actual nitrogen contents obtained when the alloys were produced in an induction furnace. The actual nitrogen contents obtained were higher than those predicted by either method, and this is believed to be due to a super saturation of nitrogen occurring in the melt, which was not relieved during the short period in which the charge was molten. It was evident that the experimental alloys can contain between 0,25 and 0,40 per cent nitrogen (depending on temperature, composition, and nitrogen pressure) when melted in a sealed induction furnace, and this is more than adequate for the purpose of forming and stabilizing the austenite phase.

Jan 1, 1994

Contribution by G. Narsimhan It was with much pleasure that I went through D.F. Malan's excellent paper. The following explanatory and critical note has been the result of my deep study of the paper. Although by qualifications and experience I have been a chemical engineer, involved over four decades with problems in the modeling and simulation of transport-limited (heat and mass) chemical reactions in multi-phase systems, I have of and on interested myself in challenging problems in extractive metallurgy. This is the first time I have veered of to continuum mechanics, at the age of 71! Author's reply. I thank Professor Narsimhan for his extensive contribution to the paper. It provided me with the stimulus to derive an extended model. However, there are some inaccuracies in his arguments that need further discussion. Professor Narsimhan's main concern is that there is not a good enough fit between the derived viscoelastic Kelvin model and the experimental data supplied by Güler1 (see Figure l1 on page 218 of my paper). I will therefore explain the choice of a viscoelastic model in more detail and also make specific comments on the arguments given in his contribution.

Jan 1, 1996

By B. Z. Weiss, N. R. Comins, F. Blum

The effect of microstructure on the deformation and fracture properties of 3CR12 steel was investigated at different strain rates in the temperature range -196 to 200°C. The yield stress of the as-received steel, showing a banded dual-phase microstructure, was much lower than that of the flake-like dual-phase microstructure produced by heat treatment. The heat treatment also resulted in an increase in the volume fraction of martensite. The fracture toughness of the as-received 3CR12, on the other hand, was significantly higher than that of the heat-treated material. These changes in both yield stress and fracture toughness were attributed to the effect of microstructural parameters on the constraints imposed on the deformation and subsequent failure of the ferritic phase in the as received and heat-treated steels. The exceptionally low resistance to crack extension in a plane parallel to the roiling plane of the as-received material was ascribed to the delamination process, which is typical for controlled-rolled steels. The yield stress and fracture toughness were found to depend on temperature and strain rate. The appearances of the fracture surfaces were found to be consistent with the mechanical properties.

Jan 1, 1992

Solvent loading: It is agreed that it is advantageous, as far as reagent cost is concerned, to operate at maximum solvent loading. However, owing to the fact that no reliable automatic solvent flow controller is yet available, control tends to be erratic with the result that there is risk of losing uranium. As can be seen from Mr Tunley's plot, the graph representing total ammonia cost is fairly flat between loadings of 3.5 and 4.0 gpl, while the graph representing uranium loss in the raffinate is steep. It is, therefore, safer to operate slightly below optimum loading in the absence of absolute control. Should the purity of the final product gain importance, operation at optimum loading or even slightly above, may be advantageous. Solvent losses and clarification of pregnant solution: The cost of replacing solvent, as indicated by Mr Carman, represents a high percentage of the overall Purlex costs. It is, therefore, agreed that, amongst other factors, efficient clarification of the pregnant solution and mixer-settler design have an important bearing on the cost. However, as at Blyvooruitzicht, the Buffelsfontein plant can tolerate a suspended solids content of 50 ppm without serious deterioration in efficiency. An increase in the suspended solids content from 15 to 50 ppm normally accounts for an increase of approximately 1 ppm in amine loss. Clarification of acidic pregnant solutions is much more difficult than that of alkaline solutions. Sand clarifiers are being used at Buffelsfontein with moderate success. Clarified solutions containing less than 20 ppm of solids in suspension can be produced, depending on the quantity and type of flocculant used in the filtration process, the thickness and the grading analysis of the sand beds and the quality of supervision. An on-stream duty of approximately 0.15 gallon per sq ft of surface area is obtained. Hydraulic handling of clarifier sand, while cleaning, may effect the efficiency of a clarifier, as size segregation of sand particles may lead to inefficient "pockets" in a sand bed. Control of the solution level in the sand clarifier also affects the quality of the effluent. Exposure of the sand bed invariably causes a cloudy effluent. Recycling of the final and initial solution discharged before and after skimming the clarifier sand improves the clarification efficiency significantly. Post-precipitation of silica and possibly sulphate salts, after clarification, may give a false impression of inefficient clarification. This phenomenon is more pronounced when treating hot supersaturated solutions. Ageing and cooling of the solution before clarification assist in stabilising the solution and reduce precipitation after clarification. The maintenance cost of sand clarifiers at Buffelsfontein is in the order of 0.35 cent per metric ton of solution treated. A redundant ion-exchange column has been tested successfully, either as a primary or a secondary clarifier, depending on the quality of the filtrate treated. The conventional pebble and sand beds in the column have been retained. Operation was enhanced by the addition of a two-foot deep resin bed as a filtering medium. The suspended solids content was reduced to less than 5 ppm. Mixer-settlers: Mixer-settler design is a controversial subject but, in view of the high costs of solvent compared to relatively low pumping costs, it is believed that mixing and pumping functions should be separated. Separate facilities for pumping and mixing not only give greater operational flexibility but also permit eventual changes in the flow circuit as technology develops. Scrub technique: Unlike the pilot plant, where the crud was carried away in the aqueous phase, crud is carried over with the organic phase in the full-scale plant. This carry-over of crud into the strip bank aggravates crud formation in the first strip stage. This phenomenon may result from a slight difference in settler design and/or a variation in the relative phase depths in the two plants. Bypassing of the scrub aqueous solution from the fourth to the second stage was introduced in order to avoid dilution and partial neutralisation of the acid added to the third stage, as it is known that a low pH value enhances the transfer of iron into the aqueous phase. The low aqueous flowrate in the third scrubbing stage was overcome by introducing an aqueous phase recycle. Gleaning: Mr MacDonald's contribution on "gleaning" was most informative. This process for recovering solvent from raffinate seems to show at least as much promise as coalescers and other methods employed to date. Similar tests conducted at Buffelsfontein pilot plant gave 60 per cent amine recovery from raffinate containing 10 ppm amine. However, the circuit was not operated at equilibrium and recovery may be expected to drop as the amine concentration of the "Gleaner" circuit increases.

By W. A. Hustrulid

CONTENTS PART I The theory of percussive rockdrill operation. Blow frequency Piston impact velocity and blow energy Thrust requirements Prediction of penetration rate Drillsteel life Bit wear PART II Measurements of percussive rockdrill performance Thrust-penetration rate measurements Blow frequency Piston impact velocity and blow energy Prediction of penetration rates The effects of hole diameter Thrusts applied by men Bit wear Appendix I Experimental procedure and rockdrill and drill steel specifications Appendix II Piston impact velocities and energies PART III Practical implications. Provisions of adequate thrust Conclusions INTRODUCTION In South African gold mines some 100 million tons of rock are broken each year by drilling and blasting. Only minor improvements to this method of rockbreaking have been made since the general introduction of pneumatic rockdrills for stoping 50 years ago and, more recently, of drillsteels tipped with tungsten carbide. The combined total cost of drilling and blasting amounts to almost R0,50 per ton of rock broken, which is just short of one quarter of the direct cost of stoping or development. Rockdrilling accounts for about R0,25 of the total cost of rockbreaking, of which RO,12 represents labour costs and R0,13 the cost of drillsteels, rockdrill spares and power. Mine air compressors use over 7 X 108 kWh of electric energy a year, amounting to 7 percent of the total electric power used by the gold mining industry. The efficiency of percussive rockdrilling is, therefore, of considerable significance to mining costs. Over the past four years the Mining Research Laboratory of the Chamber of Mines of S.A. has been engaged in experimental studies of percussive drilling. These experiments were conducted at test sites on Robinson Deep Gold Mine and Vlakfontein Gold Mine, made available by Gold Fields of South Africa, Limited. Three rockdrills, designated types A, Band C, of different manufacture, were used in the experiments which involved the measurement of the following operating characteristics: 1. Throttle air pressure 2. Applied thrust 3. Penetration rate 4. Air consumption 5. Blows per minute 6. Drill steel revolutions per minute. The results of these investigations are presented in three parts. Part I, "The theory of percussive rockdrill operation" which provides a concise, mathematical description of the performance of a percussive rockdrill in terms of its principal mechanical dimensions and operating conditions, and an analysis of the bit and gauge wear of drillsteels. Part II, "Measurements of percussive rockdrill performance" in which the experimental results are presented in terms of thrust-penetration rate curves at different throttle air pressures and throttle pressure-air consumption curves, which are shown to agree well with the predictions of theory. In addition, data relating gauge wear on the drillsteel and penetration rate to the distance drilled are discussed. Part III, "Practical implications" in which an analysis of the status of thrusting devices is made and the benefits that would derive from using uptimum thrusts are discussed.

By L. A. Vermeulen, D. D. Howat

Extensive work was done previously on the wear of grinding media and on the comminution processes operative in bal milling based on the determination of the number-size and mass-size distributions of samples of balls taken from bal mils by a specially designed device. Proof that a sample is as nearly representative as possible of the whole mass of material from which it is drawn is usually extremely difficult. This paper reports a special case in which a direct comparison was made between the number-size and mass-size distributions obtained from a sample drawn from a mil and those from the whole bal charge emptied from the mil. Exposure of the internal defects of the grinding balls caused them to develop irregular shapes after wear had reduced their diameters by about 50 per cent. As a result of the marked change in the morphology of the grinding components, an anomaly was observed between the proportion of small components collected by the sampler and that determined in the total charge. Except for this anomaly, a marked similarity was found in the data relating to the larger components in the sample and the total charge, indicating that the sample obtained by the procedure outlined is representative of the mass of the grinding charge in a mill.

Jan 1, 1989

By Alastair S. Macfarlane

The Mineral Resource that a mining company has access to, represents the majority of the embedded value that exists within the company, as well as the competitive advantage that the company has over its peers. However the real value is only realised once effective mining plans have been put in place, which optimise the extraction of the Resource, and add measurable value to the Company. The concept of Mineral Resource Management has been developed in South Africa, to ensure this optimisation happens in an integrated and quantifiable manner, such that value is added and risk is reduced, resulting in bottom line improvement for the stakeholders of the business. This paper describes the process of Mineral Resource Management, and draws on successes and failures of various companies, to illustrate how it should be implemented, and what measures should be put in place to ensure its success. This requires a fundamental re-appraisal of the way in which mining companies plan and execute their businesses, and focuses attention on real value adding activities and behaviour through the use of Economic Value Added as an appropriate metric by which to measure real value and risk. Specifically, the paper focuses on these aspects as applied to planning models and processes, exploration activity and risk management, to ensure operational and project success.

Jan 1, 2007