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By C. O. Aksoy, H. Kose, K. Heasley, E. Yalçin

"In Turkey, the growing demand for lignite has resulted in increased lignite production and an emphasis on improving underground recovery. This has resulted in a gradual increase in the application of the retreat longwall mining method and also in the extraction of the safety pillars protecting permanent underground structures (drifts, shafts) in mines prior to their abandonment.Extracting these safety pillars presents a special hazard to mine employees and the stability of the mine. Often subjected to high stresses, the behaviour of these pillars is not always predictable. Special care must be taken to ensure that infrastructure does not collapse prematurely, and that working conditions remain safe. Otherwise the extraction must be halted, and the remaining coal lost.This investigation reports on a study of the stability of safety pillars during the final extraction phase of the Hustas mine in Soma, Turkey.” The model construction was based on mine plans, and material properties were derived from physical properties testing. Observed subsidence effects from other mining events were used to calibrate the overburden lamination thickness.The model results compared well with surface physical disturbance occurring as a result of mining, as well as with conventional longwall stress redistribution theory and underground observations. The study has shown that properly calibrated models can be useful in assessing mine safety during remnant pillar extraction. The LAMODEL results demonstrate the convenience of this easy to use software."

Jan 1, 2004

By Paul Gauthier

Aujourd?hui, avec un faible prix de l?or sur le marché, les opérateurs miniers doivent revoir leur façon de faire. La méthode de minage «Eureka» permet de réduire les coûts de production et d?accélérer la mise en production des chantiers. Les principales étapes du cycle de minage et les problématiques associées à l?utilisation de cette méthode à la Mine Bousquet y sont décrites.

Oct 1, 2001

By Jérôme Girard, Shiu Kam, Sue Longo

"Historically, tailings management in a northern climate has involved the deposition of tailings into the Tailings Management Area (TMA) as conventional slurry. This type of system is obviously viable but presents challenges that are difficult to manage as circumstances change over the life of mine. These issues can include:? Increases in mill throughput, and? Life of the TMA for the life of mine.This case study will present how thickened, high-density, non-segregating tailings are used as an alternative to conventional slurry disposal to achieve greater storage capacity and enhanced environmental performance for a gold tailings facility in a northern climate. This paper will focus on how this change in deposition strategy accommodated the increased throughput of the mill and the increased life of mine. Specifically, the paper will discuss the addition and integration of new processes to the exiting mill system to accommodate the tailings management issues. It will highlight the challenges from laboratory testing to pre-feasibility to the engineered design of the thickened tailings system implemented at Musselwhite Mine.BACKGROUNDGoldcorp Canada’s Musselwhite Mine, in Northwestern Ontario (120 km north of Pickle Lake), is an underground gold mining operation that began production in 1997. The current mill throughput is about 4000 tpd (1.4 Mtpa). Gold extraction is based on a CIP process with cyanide destruction.The existing tailings management area (TMA) is located about 2 km southwest of the mill complex. The TMA is contained by high ground to the north and to the west and flanged by a moraine ridge along the south side. A number of dams have been constructed along this ridge. The dams were first built in 1996 and subsequently raised in 2000 and again in 2005. Excess tailings pond water is discharged to a polishing pond then released to the environment via a wetland.The TMA was originally designed to contain 13.7 Mt of tailings under a ponded surface for closure. The water cover was to inhibit adverse long-term environmental effects because the tailings contain pyrrhotite and other sulphide-bearing minerals that are potentially acid generating. The design was modified during Stage 3 Construction in 2005 to expand the storage capacity to 17.3 Mt (Golder, 2005). As of end of 2009, over 16 Mt of tailings had been deposited in the TMA. The slurried tailings were historically deposited at 50% solids."

Jan 1, 2011

By Robert B. Parsons

"The tax reform process marches on. The December 16, 1987 measures tabled by Finance Minister Michael Wilson represent one more step toward the objective of total reform of Canada's income and sales taxes. While the income tax changes are taking shape, much work still needs to be done on the sales tax side of the coin.IntroductionOn December 16, 1987 Finance Minister Michael Wilson tabled measures to implement the changes to Canada's income tax system that were proposed in the June 18, 1987 White Paper on Tax Reform. The measures were set out in a Notice of Ways and Means Motion; draft legislation relating to preferred shares, research and development expenditures; and draft regulations regarding capital cost allowance, certified films, flow-through shares, and the resource sector. The reaction of the government to the recommendations made by the Finance and Economic Affairs Committee Report on Tax Reform (the Blenkarn Committee), the Report of the Standing Senate Committee on Banking, Trade and Commerce and through consultations with interested groups and organizations, business, labour and individual Canadians is set out in a booklet of supplementary information.The basic features of the reformed income tax system set out in the White Paper remain. However, a number of significant changes have been incorporated in the Notice of Ways and Means Motion and other material. The following comments address those area s where changes have been made to the original White Paper proposals."

Jan 1, 1988

By Carl Bertrand, Patrice Nadeau, Claude Bazin

"Rio Tinto Fer et Titane processes the ore extracted from the Lac Tio orebody to concentrate the hemo-ilmenite (FeO.TiO2-Fe2O3) mineral that is subsequently smelted to produce pig iron and titanium oxide slag. The ore is crushed, heat treated (roasted) and concentrated using dry magnetic separators. This paper describes a model to predict the magnetic susceptibility of the roasted ore and its behaviour in the magnetic separation plant. The model uses a classification of the ore as a function of the size and magnetic susceptibility of the particles. A subsequent division into mineral species allows the simulation of the magnetic separation process. The model is used to assess various operating options when process disturbances occur.INTRODUCTIONOre processing operations consist of ore size reduction followed by the recovery of valuable species in a concentrate that is subsequently sold for its minerals or metal content. The concentration processes are based on the physical and/or chemical properties of the minerals contained in the ore. Flotation is typically used to recover minerals of base metals such as copper, zinc, lead or nickel. Iron ore and other dense minerals are typically concentrated by gravity separation processes. Magnetic separation uses the magnetic properties of the minerals to concentrate magnetite and other minerals, to clean coal concentrate and to recycle ferrosilicon for dense separation processes (Brophy, 1985).Magnetic separators can be divided into low and high intensity separators and high gradient magnetic separators (Gillet, 2008). Most of the low gradient magnetic separators are built as rotary drums that are operated in wet or dry conditions. Dry magnetic drum separators are used by Rio Tinto Fer et Titane in Sorel-Tracy, Canada to concentrate hemo-ilmenite from the ore extracted at the Lac Tio Lake mine near Havre St-Pierre, Canada. The analysis of production data suggests that process improvement could be achieved by identifying key variables for the control of the magnetic separation circuit and/or by modification to the circuit flowsheet. The use of a process model was considered to be an effective approach to conduct a preliminary analysis of the circuit with a view toward process optimization. However, the literature contains few detailed studies dealing with the modelling of magnetic separation processes."

Jan 1, 2011

By P. R. Day, W. K. Webster

"The introduction of large boreholes underground initially involved taking the techniques of open-pit bench blasting to the production stope, but with deeper boreholes and narrower stopes more controlled techniques must be developed in order to maintain good stope walls and prevent dilution of ore or structural damage to pillars due to blasting overbreak. The points discussed are drilling accuracy and drill pattern, the relationship between open-pit wall control and underground mining, the varied explosives products and initiation devices available, and some of the many ways that variations in loading, such as deck charging, etc., can produce desirable results.IntroductionThe use of large-diameter blastholes for underground mining began ten years ago and today they are widely employed in a variety of orebodies and stope configurations. These big blastholes, which range in size from 4.5 to 8 inches in diameter, were originally employed in the same manner ' as open-pit bench blasts; that is, the stope was silled out to full width and all holes were drilled vertical and parallel. This was suitable for competent, massive orebodies, however the popularity of the big drills saw their usage in more narrow stopes, often with poor ground conditions. The dipping orebodies and small drill sublevels resulted in inclined drilling.Today, there is full-ring drilling of 4.5-inch holes. Some 6.5-inch holes are drilled up to 350 feet deep. A 350-foot borehole may contain 6000 to 7000 pounds of explosive. The detonation of this size of charge weight within the confines of an underground stope can have considerable effect on the stability of stope walls and adjacent pillars. Obviously, precautions must be taken to minimize the damage which would result from the large charge weights possible with these big boreholes."

Jan 1, 1982

By Graham Davey

"Ultrafine grinding of minerals has been in wide spread use in the industrial mineral field for over 30 years. Within the last 10 years the metalliferous industry has shown interest in the ability to produce ultrafine particles, as chemical, physio-chemical and physical separation processes have advanced to be able to treat ultrafine metalliferous particles. Also as the primary mineral deposits are depleted, new more difficult deposits must be mined. Existing operations are also looking to maximize economic return from existing deposits, requiring new thinking and technologies.The recent development of industrially proven and cost efficient technologies for ultrafine grinding has opened up another processing option for the treatment of finegrained metalliferous and refractory gold ores. The current commercial designs are variations of stirred mills used in the industrial minerals sector for the past 30 years. For the purposes of this paper ultrafine grinding is considered to be P80 of less than 15 microns.Attrition milling to fine grind sizes presents some challenging issues relating to scale-up including the dearth of information on the quantitative impact of feed and operating conditions, as well as the precise and accurate measurement of particle size distributions. Two examples from recent installations will be analyzed including Thalanga Copper and Century Zinc Mines. Both have diverse grind size targets for the SMD, yet both have realized significant metallurgical gains."

Jan 1, 2002

By Peter Cunningham

General Description of Projects The objective is to streamline data transfer within our Process Control and Business Systems for the purposes of tracking actual production, reducing manual record keeping, improving process control and improving vehicle maintenance. This presentation focuses on two implementations of mobile equipment data acquisition systems which make use of industry standard data models and data transport protocols. Pilots are part of the Mines Technology Roadmap to improve our mining operations ?Enabling technologies and pilot of key systems

May 1, 2013

By Nilce Alves Santos, Vânia Lúcia de Lima Andrade, Keila Lane Carvalho Gonçalves, Harold Wyslouzi1

"When confronted with the difficult decisions on advancing an exploration project to the feasibility and construction stages, it is important to know how various regions of the ore body will react in the milling and concentration processes. While bench scale test work is common and inexpensive, the results and information provided are somewhat limited due to the difficulty in accurately predicting the effects of recirculating middling streams or gradual changes in solution chemistry.Conventional Pilot Plants, processing 100 to 1,000 kg/hour of sample ore, provide the detailed engineering data required to develop a final process flowsheet and to size the equipment. They are, however, expensive to set-up and operate, and are really only viable for major projects that are well advancedIn the latter part of 1999, the Mineral Development Center at CVRD (MDC) purchased a new piece of mineral processing equipment which can run continuous flotation tests using drill core samples. To evaluate its performance, and to compare it with conventional testing methods, various types of flotation tests were carried out using two different types of copper ore. The limitations and advantages of open circuit and locked cycle bench tests, as well as the Mini Pilot Plant and the Conventional Pilot Plant were evaluated.Open circuit tests carried out at the bench scale only provide basic information. More complete and trustworthy information is obtained, in terms of the recirculation of flows and reaching a permanent and stable flotation regime, as the dynamics and complexity of the tests increases. The data obtained showed that the MPP’s metallurgical performance was equivalent to that of a conventional pilot plant."

Jan 1, 2002

By D. J. R. Ras

A sub-level open stoping method is being used to mine the massive deposits at TARGET Gold Mine which uses cemented tailings to backfill the stopes. This requires the construction of bulkheads to contain the freshly placed backfill, capable of resisting the hydraulic pressure imposed by filling. The bulkheads must contain an 8 metre head of backfill slurry within 48 hours and withstand the force exerted by a 35 metre load of consolidated fill at a maximum estimated fill relative density of 1.9. After a variety of methods of construction were evaluated, it was decided to construct the bulkheads using the low density, fast-setting foamed cement-based product TEKSEAL HS manufactured by MINOVA RSA. The cement foam is contained between low-cost steel and fabric brattices which are easy to construct, using a method specially developed for the TARGET bulkheads. The paper will describe the design, trialling and construction of the bulkheads, and results obtained to date.

May 1, 2007

By W. J. González

"With the increasing demand for minerals, technologies to maximize mineral recovery are paramount to a mine’s economic success. Many mining process waters have the potential to form calcium-based inorganic scales, which inhibit effective mineral recovery. Often, the solution to inhibit these deposits is the implementation of a chemical antiscalant program. This paper examines the application of a fouling analyzer to continuously monitor the formation of inorganic scale in mining process streams. The fouling data can be used to compare antiscalant programs and to optimize antiscalant feedrates. Case studies validate the ability of this technology to help optimize mineral recovery processes.INTRODUCTION The mining industry uses significant quantities of water. From quarrying, to crushing, to flotation, leaching, and refining, water is often the integral motive force to move slurries, separate or agglomerate fines, and extract and purify minerals. As well, water is used in a number of ancillary applications at mines, including dust suppression, gas scrubbing, and utility processes such as boiler, cooling, and waste water operations. For many processes, the quality of water being used is inconsequential. However, for certain processes, such as flotation, leaching, and desorption / stripping, water quality plays a key role in the ability of the operation to economically recover the target minerals. Dissolved solids such as calcium and magnesium salts can concentrate in process waters, exceed their solubility limits, and precipitate as scale on metal surfaces such as feed and transfer pumps, piping, and equipment. Some of the more common scales that form in mining operations include calcium carbonate (CaCO3, or calcite) and calcium sulfate (CaSO4, or gypsum), and to a lesser extent, calcium and magnesium silicate compounds. Any scale that deposits in a process stream will negatively impact mineral recovery, and increase the operational costs of the mine site. Whether it is acid washing a scaled heat exchanger in a carbon strip at a gold operation, replacing plugged emitter tubes in a leaching operation, or hydroblasting process lines in a scrubber unit, there are costs associated with labor, cleaning chemicals, repairs, and replacement parts. These costs pale in comparison to the potential costs of downtime and lost production, should the scale deposits occur in a process that is critical to the recovery of the target mineral."

Jan 1, 2014

By K. Nasrallah

"The Dumont deposit is a large (1,179 Mt proven and probable reserve) low grade (0.27% nickel), nickel sulphide project located in the Abitibi region 25km west of Amos, Quebec. Royal Nickel Corporation acquired the project in 2007 and has since taken the project from a scoping study in 2010 through to completing the feasibility study in July 2013.The Dumont deposit in a nickel deposit with the recoverable nickel contained in three minerals; pentlandite, haezlewoodite and awaruite. The minerals are recovered by a combination of flotation and magnetic separation. Over the course of the studies many flowsheet design decisions and changes were made. This paper outlines an overview of the project, flowsheet design including the comminution circuit, desliming and awaruite recovery. The overall resulting flowsheet that was used for the feasibility study is then presented along with the confirmatory locked cycle testing that showed the feasibility design basis was able to produce the predicted concentrate grade and recovery.IntroductionRoyal Nickel Corporation (RNC) is a mineral resource company headquartered in Toronto, Canada, primarily focused on the exploration, evaluation, development and acquisition of base metal and platinum group metal properties. RNC's principal asset is the Dumont Nickel project (Dumont project) located in the established Abitibi mining camp, 25 km northwest of Amos, Quebec. RNC acquired a 100% interest in the Dumont property in 2007. The mineral claims covering the Dumont deposit are currently held 98% by RNC and 2% by Ressources Québec.The Dumont project is located in the province of Quebec in the municipalities of Launay and Trécesson approximately 25 km by road northwest of the city of Amos, 60 km northeast of the industrial and mining city of Rouyn-Noranda and 70 km northwest of the city of Val d’Or."

Jan 1, 2016

"The Dumont deposit is a large (1066 Mt probable reserve) low grade (0.27% nickel), nickel sulphide project located in the Abitibi region 25km west of Amos, Quebec. Royal Nickel Corporation acquired the project in 2007 and has since taken the deposit through pre-feasibility. And updated, revised pre-feasibility was released in July 2012.The disseminated nickel sulphide and alloy mineralization is hosted within the serpentinized dunite subzone of the Dumont Sill; a differentiated, pervasively serpentinized, ultramafic sill of komatitic affinity. Pentlandite, heazlewoodite and awaruite are the dominant nickel-bearing, metallic phases and can be recovered by conventional methods (flotation, mag separation). Non-recoverable nickel is also present within the silicate matrix of the serpentinized dunite and is locked in serpentine (Fe and Mg-rich variants) and minor olivine.A detailed mineralogical program including 1097 QEMSCAN® samples and 4300 electron microprobe points were undertaken to increase the understanding of the nickel deportment in the various recoverable and non-recoverable phases in a spatial context across the deposit. Eighty-three (83) metallurgical tests performed under a standard procedure have linked the mineralogy to metallurgical performance. This has allowed the creation and modelling of geometallurgical domains on a block by block basis to understand the recovery variation and metallurgical performance throughout the deposit. Understanding the spatial variability of Ni deportment in recoverable and non-recoverable phases through mineralogy is the key to understanding metallurgical performance thus, unlocking the value of the Dumont deposit and other large tonnage low grade ultramafic nickel deposits."

Jan 1, 2013

By Neil H. Brown

Outline ? Cameco - Cigar Lake ? Cigar Lake Mine Development ? MDS #1 ? MDS #1 Improvements ? MDS #2 ? MDS #2 Improvements Pending ? Acknowledgements Mine Development System ? Mining methods tested and developed over the years ? Construction began officially in 2005 ? Water inflow events in 2006 and 2008 ? Successful dewatering and re-entry in 2010 ? Remediation continues ? Production target is mid-2013

Oct 1, 2010

By N. Romani, R. Provost

"Commissioning of a circulating dry scrubber (CDS) plant was recently completed at an existing facility in Québec, Canada. The CDS plant treats the sulphur dioxide off-gas emitted from rotary kilns in order to meet increasingly stringent environmental requirements. This installation enables the existing facility to reduce their sulphur emissions by over 90%.Proper planning of the different commissioning stages and staffing an integrated team are the most important factors required for a successful plant start-up. A strong Operational Readiness plan must be in place as early as the start of construction in order to ensure a smooth transition from commissioning to operations. Plant performance can meet or exceed performance criteria within the required timeframe if the proper group dynamic and good communication is established between construction, commissioning and operations teams.The road blocks encountered are often from systems that one assumes will operate without trouble such as air-conditioning, or design assumptions that were taken years earlier in feasibility process stages, namely the capacity of existing systems that will connect the new plant to the existing facilities. The challenges associated with rectifying these issues in addition to the requirements to properly start-up and operate a new plant without impacting production are great, and it is imperative to have the necessary resources to react quickly to any problems.IntroductionCommissioning of a circulating dry scrubber (CDS) plant was recently completed at an existing facility in Québec, Canada. The CDS plant treats the sulphur dioxide off-gas emitted from rotary kilns in order to meet increasingly stringent environmental requirements. This installation enables the existing facility to reduce their sulphur emissions by over 90%.The CDS ProcessA general overview of the CDS process is presented in Figure 1 below. The combined, de-dusted off-gas from multiple kilns is sent to the CDS, which acts as an entrained fluid bed, where the gas is contacted with a water mist, re-circulated solids and hydrated lime. The SO2 from the gas stream and the available calcium hydroxide (Ca(OH)2) from the hydrated lime dissolve in the water and react to ultimately form calcium sulphites and gypsum. The solid residue (referred to as CDS residue), is the primary by-product of the process."

Jan 1, 2016

By P. Radziszewski

"The comminution energy curve is a profoundly simple graphical technique that displays detailed operating efficiency information for industrial comminution processes. The database underlying the methodology has recently more than doubled, to now contain a substantial fraction of the international comminution output (1.7 billion tonnes of rock per year) across more than 8 major commodities. This increase has deepened the analytical capabilities and effectiveness for assessing comminution circuit performance in relation to comparable operating mines. This paper will explore how the energy curve methodology can be used to examine the ability of stirred mill technologies to increase efficiency.Specifically, this paper explores how the energy curves methodology can be used to present energy efficiency gains achieved at three mines employing a stirred mill technology under different duties. The first of these cases studies was conducted by Rosa (2014) who compared the performance of two ball mills operating in parallel with a Vertimill in the regrinding circuit at the Samarco Iron project in South East Brazil. The Vertimill was found to achieve the same product specification while consuming 40% less energy. Brissette (2010) investigated the impact of grinding media on the performance of both ball mills and Vertimills. The energy savings achieved varied from 10% to 40% for the ball mills and 30% to 60% for the Vertimills. Lastly, Bergerman (2012) investigated the operating conditions of the Sossego regrind circuit from 2006 to 2011 against design specifications and laboratory testing. The operating work index of this circuit varied from 5.2 kWh/t to 44 kWh/t over this 5 year period. The full suite of energy curves"

Jan 1, 2016

By William J. Purdy

Successful design, operation and completion of a surface waste management facility for a diamond mine located in Canada?s northern environment requires careful planning to minimize short and long term environmental impacts. As part of the mine development application process, best practice standards were applied using conventional engineering to reduce the environmental effects of the mine waste facility at the Snap Lake Diamond Project. This paper presents the design criteria, site conditions, material characteristics and engineering management objectives considered for optimization of the development plan. Insight into the engineering analyses, development alternatives, monitoring program and reclamation strategy plan to be undertaken during mine operations to provide opportunity for adaptive management and to minimize environmental impacts is provided.

May 1, 2004

By Claude MacDonald, John H. Ashburn

"IntroductionIndustrial growth and technological change over recent years had been accompanied by two major sources of concern to management and employees: (a) increase in occupational injury and illness and the resultant costs involved; and (b) equipment damage and breakdowns in concentrated production lines causing more extensive loss potential.Due to economic factors, management attention has focussed more on production and quality than on safety, health and related loss potential sources. As a result , occupational safety and health activism has grown, government legislation of compensation and occupational safety and health standards have progressively developed and stronger liability attitudes have been taken by courts of law.To improve efficiency and allow development in more competitive markets, rising labour costs, equipment costs and safety related financial losses have dictated that attention be given to conservation of all resources. Conservation of resources, people, equipment, material and environment, can no longer be addressed in isolation but must be managed integrally with production and quality. To this end, systems have developed utilizing sound management principles applied with equal intensity to production, quality and loss potential"

Jan 1, 1987

By D. Eastick, S. Hardcastle

"Over the last few years, a multi-faceted feasibility study has been evaluating the introduction of hydrogen fuel cell-powered equipment into underground mines to replaced diesel engine-powered equipment. The analysis has shown that under normal operating conditions fuel cells could at the very least be an environmental and health benefit by eliminating combustion engines and their unwanted by-products. However, they could also generate significant reductions in the amount of ventilation a mine needs to supply when compared to dieselized operations; this would further decrease a mine’s energy consumption, its associated greenhouse gas impact, and also reduce a mine’s significant ventilation-associated costs. Fuel cell-powered equipment also has the advantage of lower noise and heat production compared to its equivalent diesel-powered counterpart.The degree to which fuel cells can generate ventilation benefits in underground mines depends upon a number of operational parameters and mine specific qualifiers such as current ventilation control or management, mine depth, inherent dust conditions, and minimum velocity requirements.However, another major consideration in the introduction of fuel cells in underground mines will be the safety requirements associated with diluting and removing the potentially explosive hydrogen in the event of a gas leak. In outside surface applications, it is possible to use dispersion, buoyancy, time, and lack of ignition sources as mitigating factors in deriving a low risk of an explosion. However, in underground operations, these factors change, and dispersion and buoyancy are limited; time may not be available and, in non-coal mines, ignition sources are not typically controlled. When a hydrogen leak occurs, the availability of sufficient ventilation to dilute and effectively remove the gas will be critical. Consequently, ventilation may be the prime risk controlling factor. In this paper, the authors evaluate the potential benefits of replacing diesel engines with fuel cells in powered production equipment, discuss the mitigating qualifiers that could limit ventilation savings, and evaluate solutions to retain and maintain an additional ventilation capacity in the event of an emergency situation, such as a hydrogen leak from the fuel cell stack or its distribution system."

Jan 1, 2007

By Oy Leuangthong

Red Dog mine is the world's largest Zn producer. The deposit consists of sulphide ore zones in sedimentary exhalative (sedex) deposits, and is characterized by the presence of multiple metals and multiple ore types. The objective of the case study is to characterize seven different minerals, Zn, Pb, Fe, Ba, sPb, Ag and TOC, within eight different rock types. Geostatistical models were constructed for each variable within the eight rock types, and subsequently assembled to give 40 realizations for six 25ft benches. The stepwise conditional transformation was used to account for the complex multivariate relations. In addition to reproducing the input data, histogram and variogram, the resulting models also respect multivariate relations locally and globally. This paper documents the methodology to construct these models. A thorough validation procedure was implemented. Comparisons with blasthole data show that the conditional simulations and the long-term models agree in expected value. The main advantages of the conditional simulations are (1) the explicit accounting of multivariate relations between the data in model construction, and (2) the ability to quantify variability and uncertainty at any scale. A small exercise comparing the profit from a kriged and a simulated model is also examined. Results show that the simulation approach showed a 3% increase in profit, relative to the conventional estimation approach.

May 1, 2004