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By M Fahey, A B. Fourie

Over the past ten years, the mining industry has witnessed the introduction of a new and innovative mine filling technique known as paste fill, which consists of placing full stream tailings with small amounts of binder and water into underground stopes. Paste fill has benefits over traditional backfill methods, such as higher solids contents than hydraulic fill and easier transportation than rock fill. From a geotechnical perspective, the behaviour of very fine material in a fully saturated state can be complex, particularly when binder is added. Previously, there has been no rigorous solution to understanding the paste fill deposition process, resulting in uncertainty regarding critical aspects such as barricade load calculations. This uncertainty has the obvious consequences of potential barricade failures (including at least 12 over the past four years), and for many operations attempts to deal with this uncertainty has led to excessively conservative filling schedules, restricting production. This paper presents an application of Minefill-2D, the first rigorous model capable of representing the paste fill deposition process. The model couples the processes of material accretion, consolidation and cement hydration to calculate the distribution of stress around a stope (including the total stress applied to barricade structures) during filling. Minefill-2D is a finite element numerical program, which has been verified using laboratory element tests, centrifuge tests and in situ measurements (Helinski, 2008). The authors present a sensitivity analysis, carried out using the model, to demonstrate some of the critical and less critical aspects relating to paste backfill deposition. The results of this sensitivity analysis are used to devise a fill management strategy that can be utilised to minimise the risk of barricade failures and maximise fill rates where appropriate.

Jan 1, 2008

By M S. El Salmawy

In order to develop the HF-free flotation reagent system, the main objective of this investigation was to study the possibility of separation of quartz from feldspar using non-ionic surfactants as the collector. The non-ionic surfactants used were polyoxyethyl cethyl ether (PECE) and polyethylene glycol monocethyl ether (PGME). The flotation behaviour of quartz and microcline with PECE and PGME was investigated. Each surfactant was a good selective collector for quartz with its recovery being influenced by pH and surfactant concentration. Quartz is floated favourably by both types of polyoxyethylene non-ionic surfactant whereas microcline was not so much. The floatability of quartz increases as the oxyethylene length of surfactants increases. Zeta potential measurements in the system of PGME/mineral were also carried out. It was determined that in the absence of PGME the points of zero charge for quartz and microcline should be approximately at pH 2.5 and 1.8, respectively. The addition of PGME to the system causes both minerals to become less negatively charged. Differences in the zeta potential value between quartz and microcline, in the presence of PGME, were detected. It can be suggested that the interaction of the oxyethylene group to the microcline surface should not be as strong as that to the quartz surface. In the mixed surfactant system of PGME and dodecylamine acetate (DAA), a small addition of DAA causes drastic enhancement of quartz flotation in the wide pH range of 1 ~ 10. In the mixed surfactant system selective flotation of quartz from microcline would be anticipated at pH

Jan 1, 2005

By Winter W, Steele DA, Trudu AG, Gray CM

The Luzon arc extends for about 900 km from Taiwan to the island of Mindoro (central Philippines); in this area late Tertiary to Recent volcanism is considered to be the result of eastward subduction along the Manila Trench. The arc is composed of five segments, all of which have individual characteristics with respect to tectonic setting and magma chemistry (Defant et al., 1989). From the north to the south these are (Fig. 1): (1) the eastern Coast Ranges of Taiwan and the islands Lan-Hsu and Lu-Tao (Taiwan Segment), (2) the islands off the north coast of Luzon (Babuyan Segment), (3) the Northern Luzon Segment, (4) the Bataan Segment, and (5) the Mindoro Segment. Defant et al. (1988) suggest that the Bataan and Mindoro segments of the arc, both of which are characterized by different isotopic compositions and levels of large ion lithophile element (LILE) enrichment in the lavas, are separated by a 'pull-apart' zone, the Macolod Corridor.We are currently studying the mineralogy and petrochemistry of Late-Miocene to Pliocene volcanism in the Northern Luzon Segment (NLS), which comprises the geographic area of the Cordillera Central. This area has so far received limited attention, inspite of its wealth of porphyry copper, skarn and epithermal gold deposits. In this contribution we report the first results of our study of igneous rocks from the Mankayan Mineral District (MMD) which is located in the centre of the arc segment under consideration.

Jan 1, 1990

By Langham B. M

A chemical study of the petrographic components of Greta (Maitland) coal, carried out by the Metropolitan Gas Co. (Melbourne), has revealed an anomaly in the composition of the durain which was thought to warrant petrological investigation.The original study, by the Metropolitan Gas Co., extended over eight shipments of coal received during the winter of 1943.The percentages of the several petrographic components were eslimated by careful handpicking of large samples of each shipment, and analyses were made of the handpicked components, which were also tested as to their gas-making and coking properties.The results are summarised in Tables 1 and 2. At first sight the components of the Greta coal bear a general resemblance in composition to those of other bituminous coals of similar rank, apart from a notable richness in volatiles, which is a distinctive feature of Greta coal. The durain has a typically higher ash content, and lower volatile content than the clarain (Table 1); and the coking behaviour of the four components is typical (Fig. 4).When, however, the analyses of Table 1 are re-calculated on a dry, ash-free basis, an anomaly appears: the clarain and the durain, on this 'pure coal' basis, have practically identical compositions, with the durain containing a slightly higher proportion of volatiles than the clarain (cf. Table 3); but the tar yield of these two components is very different (Table 1). Re-calculated on a dry, ash-free basis, the yield from the clarain is 18.9 gallons of tar per ton, while, that of the durain is 29.0 gallons per ton. The gas derived from the durain is correspondingly richer in illuminants (CH etc) and poorer in hydrogen than that from the clarain (Table 2), and is also notably richer in nitrogen.That the composition of the Greta durain is consistent is proved by the analyses of Table 3, in which the compositions of the respective durains and clarains of eight separate shipments of coal are compared. In most bituminous coals, the durain contains several per cent less volatile matter than the associated clarain, and high volatile content in a durain usually indicates a durain rich in spores.

Jan 1, 1947

By J E. Everett

Ore selection is generally a highly subjective task, with emphasis on producing product with a consistent target grade matching a perceived market requirement. A composite selection criterion ‘Comp’ (a linear function of the grade vector) can be used to maximise ore tonnage at a specified target grade (in Fe and contaminants) extractable from a block model. The blocks correspond to the selective mining units, with grades interpolated from diamond drill hole data. An iterative procedure has been developed to identify the coefficients and cut-off value for the composite function ‘Comp’, maximising potential ore tonnage at target grade.Commonly, target grade is predetermined by marketing; however, there is no guarantee that maximising ore tonnage at a specified target grade maximises the potential value of the mine. If the value of ore could be expressed as a linear function of the grade components, then these coefficients would be appropriate for the selection criterion ‘Comp’. The cut-off value for ‘Comp’ would correspond to the marginal cost of production; all blocks with a ‘Comp’ score above the cut-off would be classified as ore; and the cumulative grade of these ore blocks would be the average product grade over the life of the mine.Unfortunately, no such value function for iron ore is generally available. Methods for estimating the value function are discussed, using the spot price and sensitivities based either upon operational tolerances for Fe and the contaminants or upon published price differentials. This approach has been applied to an anonymous Pilbara deposit with about one million blocks averaging 1.1 kt. It is shown how the optimal target grade, cut-off grade and maximum tonnage can all be explored as a function of marginal cost and iron ore price. Alternatively, given marginal cost and an iron ore price, the effects of changing the tolerances (and therefore the relative costs of the contaminants) can also be explored.It is suggested this procedure can enable informed decision-making for an iron ore mine. Rather than setting final policy for the entire life-of-mine, the method enables target grades and tonnage estimates to be revised by re-computation as the mine life proceeds to recognise changes in market conditions and knowledge about the resource.It should be emphasised that this paper is concerned with ore selection rather than ore sequencing. Appropriate ore selection is a necessary but not sufficient condition for maximising value. Having identified the set of blocks that potentially maximise value, the sequence in which they are mined will present a trade-off between producing at constant grade and extracting high value ore early. The sequencing issue is not considered here. It is shown that optimum ore selection for an open pit mine is independent of any consideration of discount rates, although ore sequencing will depend upon the time value of money if the product grade is to vary across time.CITATION:Everett, J E, 2015. Ore selection to maximise value, in Proceedings Iron Ore 2015, pp 443–448 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Jul 13, 2015

By W Mez

The German mining industry uses different residues for backfilling and stowing. A hydraulic pipe conveying technology for these materials has shown advantages for the transportation into the mine. Pipeline conveying systems are able to bridge long distances, they save room within the underground workings and they save staff and costs. Absolutely necessary for successful use of the hydraulic conveying technology is the knowledge about the unusual non-Newtonian flow properties of solid/liquid mixtures like pastes and slurries. The flow resistance of these materials cannot be described easily by one viscosity. Owing to a yield point and a pseudo-plastic behaviour the viscosity changes with the shear rate and with the streaming velocity inside the pipe. Also these flow behaviours depend very sensitively on the liquid/solid-ratio, often so dramatically that gravimetric or volumetric dosing equipment is not in a position to control the production of backfill pastes. Quality changes of the solid raw materials (particle size distribution, density, mineralogical composition) lead to additional difficulties. The first experiences with hydraulic backfilling plants were troubled by plugged pipes, a bad backfill quality caused by unnecessarily high water content and high costs for chemical binders to solidify the backfill. The installation of viscosity controlled paste production leads to success with the hydraulic backfill technology. A development of the DMT, a bypass pipe-viscometer, has been the key technology. The system is able to analyse on-line, difficult, sticky and abrasive substances and determine their non-Newtonian flow properties. Because the system measures real physical values it is in a position to pre-calculate process relevant parameters like the pressure drop of the backfilling paste in the conveying pipeline. Newer types of the viscometer system also measure the slurry density and calculate its composition. These systems have proven a success controlling backfill paste production plants. They offer a secure prevention of pipeline plugging and a production of high quality backfill pastes with a water content as low as possible.

Jan 1, 1998

By G Kennewell

At 11 am Monday 8 September 1997, the successful detonation of the 5/9 Mass Blast at Pasminco - Elura was signified by the subsiding of æMt KevinÆ (a 15 m high earth fill mound). The blast was in response to earlier mine subsidence, which holed through to the surface affecting future stability of underground workings. The blast was a first for Elura which fires small tonnages regularly to avoid rapid oxidation of the ore. This paper discusses the strategy and the considerable planning that went into EluraÆs first blast of this magnitude in order to succeed first time round.

Jan 1, 1999

By R O. James

The usual focus of papers on fatty acid collector action in non-sulfide flotation is on the adsorption of the carboxylate and/or neutral molecule species at the mineral-solution interface. Little attention is paid as to whether or not the solution conditions correspond to true solutions, micellar and other self-assembly objects or precipitates. Our examination of the solution chemistry of the important fatty acid collector, oleic acid, has revealed that many, if not most investigators set their experimental conditions to be in micellar or precipitate domains while arguing, often by implication, that they have only solute species present. We have investigated the equilibrium solution domains usually encountered in studies of oleic acid flotation of such minerals as barite, calcite and fluorite. The alkaline earth-fatty acid and liquid oleic acid precipitate phases exert a strong influence on the solution chemistry, a fact not often appreciated in many studies.

Jan 1, 2005

The Elgas Underground Storage Facility at Port Botany, Sydney, is the first purpose-built cavern of its kind in Australia and allows large capacity, safe and environmentally benign storage of Liquefied Petroleum Gas (LPG). The facility provides Elgas with the flexibility to source product at competitive prices and will ensure long-term security of supply. Construction has provided Orica Australia, formerly ICI Explosives, with a unique opportunity to provide a bulk explosive delivery system specifically designed to meet the exacting demands of the site (see Figure 1) and of the project.

Jan 1, 1999

By P Revell, A Jenkin

This paper presents an analysis of significant Australian-based R&D programs focussed on the minerals industry, which was commissioned by CRC ORE. The landscape analysis may assist organisations with R&D management issues including program creation, program/partner selection, portfolio management, and public policy settings. The dataset was collated early in 2020, and contains programs being conducted by or with Australian-based ‘Research Service Providers’ (RSPs), most notably Universities and CSIRO. It does not include R&D being conducted in-house by mining and METS companies, or by them with other organisations that are not RSP’s. The dataset contains 65 R&D programs, with total annual cash funding of $229m (70% from industry and 30% from government). The total funding compares unfavourably with the combined R&D expenditure of Australian universities and CSIRO of over $12b, and minerals industry export revenues of over $200b. The R&D landscape is analysed by program numbers and funding, technical domain, geography, and funding source. Areas of relative strength are noted in ‘mineral processing’, CSIRO Minerals, and the CRC program. Areas of relative weakness are noted in ‘bulk materials handling and logistics’, ‘tailings and waste management’, and ‘social and community’. The field of preconcentration is noted as a current area of R&D strength, but it is under significant threat with the impending completion of CRC ORE. The overall R&D landscape is characterised by a majority of small-scale programs, low levels of industry coordination, a low focus on step-change innovation, and total funding lower than should be expected for such a large critical industry. It is hoped that key stakeholders in the Australian minerals industry, particularly governments, and mining and METS companies, reflect on the analysis and act to address holistic weaknesses.

Nov 10, 2020

The papers in this section of the conference and indeed the conference as a whole will rightly focus on the recent û the state of play around the Pacific Rim. However, to set the scene I propose to take a longer-term perspective. In so doing I wish to illustrate and emphasise that change is normal and natural û to paraphrase Bob DylanÆs 1963 classic, æThe times they are (always) a-changinÆ Æ. The challenge is how to cope with such change, in an industry, a corporate and a personal sense. A further challenge for geologists, both exploration and mine-based, and indeed for anyone, is to understand where they fit in the broader picture. For several reasons it is appropriate first to look briefly at the minerals industry in the Pacific Rim around a century ago. It was here in Adelaide in April 1893 that the first general meeting of the Australasian Institute of Mining Engineers (or The Australasian Institute of Mining and Metallurgy as it later became) took place and where the Centenary Meeting was held in 1993. The late 1800s and early 1900s was a period of extraordinary change in the minerals industry regionally and worldwide. The industry benefited from the economies of scale provided by improved mechanisation. It further benefited from the introduction of technically qualified professionals, such as chemists, metallurgists and mining engineers, although the usefulness of geologists had yet to be recognised commercially. With the rise of such professionals, technical societies formed and flourished. At the same time international financial markets and trade were expanding, a gold standard was widely supported and the financing of mining ventures was well established. Mining was an international business and its people travelled widely. As a consequence of the better-educated mining professional, the ready exchange of knowledge and the availability of finance, new processing techniques such as pyritic smelting, the cyanide process and flotation were developed. These, together with much improved materials handling in the mining and processing phases, dramatically changed the economics of the minerals industry.

Jan 1, 2004

By B Maybee

In underground mine planning, many potentially value-eroding decisions are made due to a lack of time and proper evaluation practices. The information required for mine planning decisions goes beyond external sources of uncertainty that are recognised by typical evaluation techniques used in the mining industry, to include technical factors (eg mine development layout) and the ability of a mineral extraction project to achieve its anticipated production levels. Due to the individual characteristics that define underground mining projects, each will exhibit a different risk profile, and thus advanced optimisation and evaluation techniques are required to capture this information.As underground mine planning tools become more sophisticated, mine planners have the capacity to investigate numerous mine sequencing options to identify the best strategy for a given project, creating higher value for shareholders. This paper describes a risk-based evaluation methodology (RbEM) that accounts for financial and technical risk in the evaluation of underground mining projects. While the use of the RbEM has been described in previous works, no benchmarking of the benefits that can be realised from a change in those decisions that are made early in the process has been undertaken. To show the benefits that can be achieved from using the RbEM, this paper updates a case study to which the RbEM was applied, and takes a retrospective look at whether additional value would have been gained by following the strategic recommendation of the RbEM versus a typical optimisation exercise that aims to maximise the net present value.CITATION:Maybee, B, 2012. Can a risk-based evaluation provide a more valuable mine design?, in Proceedings Project Evaluation 2012 , pp 53-58 (The Australasian Institute of Mining and Metallurgy: Melbourne).

May 24, 2012

By R D ROSENTHAL

BHP Iron Ore Ltd's Mt Whaleback is the largest single open-pit iron ore mine in the Pilbara region of Northwestern Western Australia. A division of BHP Minerals, one of three core businesses of Broken Hill Proprietary Company Ltd (BHP), BHP Iron Ore - Newman is a joint venture with minor participants C Itoh Minerals and Mitsui. Mine planning for Mt Whaleback generates detailed sequence plans for a long term forecast incorporating equipment requirements, marketing forecasts, and pit development strategy. Utilisation of several computer packages, both commercially available and site modified, are necessary to achieve such a demanding task.

Jan 1, 1992

By A Prill

Safety First and zero accidents are the targets most mines in Australia are aiming for, but manual processes and procedures limit the capabilities and response time in emergency situations. Even with a high safety focus, accidents and incidents still happen, too often with tragic outcomes. Dangerous areas, narrow roads and winding curves are all daily obstacles that threaten workforce safety. Every unforeseen event, such as traffic collisions and other accidents, puts lives in danger and weakens production. Safety must be guaranteed.

May 5, 2022

The discovery of minerals in any community, especially precious minerals, gives a sense of hope and optimism about development prospects within the community. However, the euphoria surrounding such a find could be short lived if the wrong perception is created at the inception of the project, that the exploitation of the mineral resource will pose a serious problem to the community. The socio-economic impact can be negative or positive but if not properly handled, the negatives will outweigh the positives. Illegal mining activity, popularly known as Galamsey in Ghana, is a typical example of the negative impact of the mineral industry. Galamsey activities have resulted in an increase in school drop-out rate, pollution of water bodies affecting entire communities bringing a lot of health problems, destruction of farm lands, destruction of rail lines resulting in transportation problems, armed robbery, prostitution, just to mention a few. The improvement of the water supply system in the surrounding communities, implementation of sustainable development programs, improvement in the infrastructure, are just a few examples of positive socio-economic impact.Factors responsible for the socio-economic and environmental impact include: the unwillingness of most companies to invest substantial resources to deal with environmental issues, lack of adequate professionals with the requisite appreciation for environmental issues related to their activities, realisation that support of surrounding communities is key to successful operations, the now globally accepted view that multinational companies should invest in the socio-economic lives of the surrounding communities, etc. In order to ensure the prevention of the negative impact of mining activities on local communities, there should be a paradigm shift in the way the training for the new crop of mining and metallurgical engineers have been structured in the past, social contract with the local communities must be drawn and implemented; it must not be an imposition on the communities but rather a contract arising out of extensive interactions between the industries and the local communities. Environmental awareness has reached a level where communities affected by the minerals industry, to a very large extent, know what they should tolerate and what they should not. There is therefore the need to ensure that effective systems are in place to exploit mineral resources without damaging the environment.

Jan 1, 2008

By N Steenkamp, L Furstenberg, W Cele, M Richter

Managing productivity and improving efficiency for a healthy return on capital employed have become key mining industry strategies under prevailing tough global market conditions. However, achieving this in a multisystem environment such as a mining operation can be daunting. The field of discrete event simulation offers some relief, giving engineering teams insight into multivariable systems and stochastic processes. It allows for integrated system thinking and domain expertise to be woven into project thinking fibre. Directed system optimisation and therefore improved efficiency becomes possible. Furthermore, capital discipline accrues from optimal upgrade investments. This paper illustrates the practical application of this approach by reviewing a typical case study for a direct shipping iron ore operation. Dynamic simulation was used to establish maximum processing plant capacity under varying material characteristics and identify capital-efficient upgrades for increasing production.The study started with descriptive statistical analysis of existing data. Discrete equipment and system capacities were defined, followed by static plant mass balance calculations to establish bottlenecks and overall static capacity. Equipment ‘uptime’ and ‘downtime’ analyses established system and overall plant availability and utilisation. From this information, a dynamic simulation model could then be developed and initially calibrated against actual plant performance to verify its robustness. Once confirmed to accurately represent existing plant dynamics, system capacity response to variable changes could be tested to ultimately determine maximum plant capacity. Additionally, plant optimisation was incorporated to arrive at optimal upgrade points. Maximum capacity and necessary upgrades were established as a function primarily of feed size distribution. Additionally, the interfacing effects of rehandling feed material to the final product grade and potentially to life-of-mine were established as important outcomes. The results of the study illustrate the value of using dynamic simulation models to realistically and cost-effectively increase throughput.CITATION:Cele, W, Furstenberg, L, Richter, M and Steenkamp, N, 2015. Capacity evaluation of iron ore processing facilities utilising dynamic simulations, in Proceedings Iron Ore 2015, pp 597–604 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Jul 13, 2015

By Mine F. J, Woods P. H

Waste waters from mine sites may be screened for all constituents of significance as a first step in establishing water quality criteria for protection of aquatic ecosystems. Inductively-coupled plasma mass spectrometry (ICP-MS) offers the capability to screen water samples and digest solutions for virtually all elements in the periodic table. This technique is therefore able to identify elements whose concentrations are elevated in waste waters and may be rarely present in background surface or ground waters. Such elements may be present in waters at only a few ¦g/L. ICP-MS has sufficient sensitivity to detect sub-¦g/L or even ng/L levels of many elements. Waste waters from most mining activities in the Northern Territory have been examined by ICP-MS. The concentration data provide the basis of a contaminant data base. The data can show specific tracers in the ore or mineral itself, subsequently found in waste water. An example is the presence of rhenium in uranium ore. Such trace elements may be present in soluble or insoluble chemical forms and are more useful as indicators when soluble and exemplifying conservative chemical behaviour. The approach described, based on ICP-MS screening of mine site waste waters, together with general physico-chemical variables, provides the most comprehensive means yet available of selecting variables for monitoring programs and ensures that key elements and/or their chemical species are not excluded from monitoring programs.

Jan 1, 1994

By I Warren, M P. Simpson

Adularia-sericite epithermal ore deposits have well-documented alteration mineral zonation patterns with distinctive geochemical signatures. Proper use of whole-rock geochemistry can provide useful vectors for exploration and can enhance efforts to characterise and quantify the mineralogy and intensity of hydrothermal alteration.   Analyses of Au and Ag provide the most direct vectors to orebodies, and pathfinder elements such as As, Sb, Hg, Zn, Pb and Se are similarly zoned around at least some orebodies. However, the minerals that contain these elements occur almost exclusively in veins, and therefore identifying geochemical vectors related to wallrock alteration that is zoned outward from orebodies is crucial for effective exploration.   Distal alteration zones contain quartz-illite-chlorite-carbonate-pyrite, whereas samples proximal to veins contain quartz-adularia-pyrite, with lesser though variable illite-chlorite-carbonate. Therefore, adularia-sericite epithermal ore deposits show K alteration in their cores. The resulting K-metasomatism can be evaluated in several ways. Areas that have been most intensely altered are commonly characterised by highest K contents, but these results can be complicated by variations in rock type across the prospective area. Potassium mass balance results provide a robust and rigorous assessment of K-metasomatism, however, knowledge about the composition of fresh rocks and correct identification of fresh precursor compositions of altered rocks are required. Three alteration indices provide effective evaluation of K-metasomatism: 1.   the K number, which is the ratio K/(2Ca+K+Na) (molar); 2.   Barrie values [(K2O * 100) / Sr]; and 3.   the Rb/Sr ratio. In most places these provide similar vectors, although K numbers can be complicated by the appearance of hydrothermal calcite and/or albite.   Plots of K/Al vs (2 Ca + K + Na)/Al (molar) allow estimation of the intensity of K-metasomatism and its mineralogical products, thereby complementing traditional XRD and petrographic studies of alteration minerals.

Jan 1, 2005

By S D. Dessureault

In large coal strip mines, there are many different processes at work: stripping, overburden removal using trucks/shovels, cast blasting, slot dozer pushing, more fragmentation and further truck/shovel benches. A key component to each of these steps is the use of machines. In modern operations, most machine costs are tracked within Enterprise systems that transact costs and repair work order management. Similarly, in contemporary mines most machines are tracked using technology that provides precise performance measures for each key process. Such technologies include productivity monitors on draglines, dozers and drills and fleet management systems for trucks and shovels. Linking these two sources of seemingly disparate data û costs and performance by machine û would allow for the precise calculation of unit costs by specific machine. This is similar to an activity-based costing system, except in this machine-based system, calculations are made at an even finer granular level. There are many uses for such an integrated information system in mine planning and performance management, both in real-time and through historical analysis.A real-time fleet costs (FLC) measurement process was developed as part of a larger blending-related, multi-million dollar project centred on a centralised remote control room developed at the University of ArizonaÆs Mining Information Systems and Operations Management Mine Control Center. The FLC component of the overall blending system would allow a mine controller to manage the equipment fleet by viewing its cost in real time and, when mixed with other revenue-related components, the exact profit. For example, a mine controller may show high utilisation while still maintaining a production surplus. This could occur, for example, if the equipment is driven long distances. This might appear in traditional performance metrics as æhigh production performanceÆ, but in reality may prove less profitable. This paper discusses the technical development of the FLC, its deployment and its impact on controller performance, and compares mine profitability before and after its application.

Sep 26, 2011

Getting it right is a very profitable outcome. Shareholders would ideally like to see their directors get it right all the time on the major economic decisions. But it is very difficult for mining directors to get it right all the time in such an uncertain environment. Primary decision-makers of companies with significant stakes in the mining industry should get it right much more frequently. The legal measures of evidence (beyond reasonable doubt and on the balance of probabilities) can be used to determine whether grade estimates (a key revenue variable) are realistic. The application of this approach can be far reaching. More frequently correct decision-making would result in more effective allocation of limited resources (capital and labour). In turn, this would result in higher financial returns and a more extensive mining industry.

Jan 1, 1994