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By J. Tikka, E. Bäcklund, N. -O. Lindfors

Tornados are the most violent weather events in the world, and we have all seen the forces and phenomena created by tornados in nature. Airgrinder AB has been working with a material treatment technology, which most easily could be described as an artificial tornado. The process consists principally of one air fan providing a high-velocity airstream that enters a mechanical cyclone. When the gas enters the cyclone, an outer vortex is created. This outer vortex rotates next to the cyclone wall, and at the bottom of the cyclone funnel the gas stream is turned and an inner vortex is created. The control of the air flow is tuned by a special device on top of the cyclone. The gas outlet is at the top of the cyclone and the material outlet at the bottom. The material is fed through a feeding device into the air stream channel prior to the inlet into the cyclone. The process is basically an improved grinding and dehydrating system, which is very efficient and environmentally friendly and can even be employed with very sticky materials. Also due to its rotating comminution, the material particles become rounded during grinding, hence more free flowing and easier to handle. MEFOS has already tested more than 30 different applications in the pilot equipment. The materials tested range from metallurgical slags containing 2?3% moisture to sludges with up to70% moisture. This technology has a potentially strong impact on mineral beneficiation, including the drying of sticky fine-grained materials, improved and selective gas scrubbing and the manufacture of free flowing powders.

Jan 1, 2007

Many industries base their decisions on the assaying of tiny analytical sub-samples. The problem is that most of the time several sampling and sub-sampling stages are required before the laboratory provides its ultimate assays using advanced chemical and physical methods of analysis. As long as each sampling and sub-sampling stage is the object of due diligence using the Theory of Sampling it is likely that the integrity of the sought after information has not been altered and the generated database is still capable to fulfil its informative mission. Unfortunately, more often than not, unawareness of the basic properties of heterogeneous materials combined with the unawareness of stringent requirements listed in the theory of sampling, lead to the conclusion that massive discrepancies may be observed between the expensive outcome of a long chain of sampling and analytical custody, and reality. There are no areas that are more vulnerable to such misfortune than sampling and assaying for trace amounts of constituents of interest in the environment, in high purity materials, in precious metals exploration, food chain, chemicals and pharmaceutical products. Without the preventive suggestions of the theory of sampling serious difficulties may arise when making Gaussian approximations or even log-normal manipulations in the subsequent interpretations. A complementary understanding of Poisson processes injected in the theory of sampling may greatly help the practitioner understand structural sampling problems and prevent unfortunate mistakes from being repeated over and over until a crisis is reached. This paper presents an overview of the theoretical, practical and economic difficulties often vastly underestimated in the search for quantifying trace amounts of valuable or unwelcome components.

Jan 1, 2009

By G. Dhakal, J. -I. Kodama, K. Neaupane, T. Yoneda

ABSTRACT Durability tests and evaluation of sub-zero temperature effects to some argillaceous clastic rocks were carried out. Welded tuff, limestone, sandstone and schist samples collected from different parts of Japan were tested and results are presented. Schist and dolomite from Ganesh Himal area along the higher Himalayas of Nepal were also tested, and the results are compared. The slaking tests were performed on all samples in pure water. The results reveal that the slaking index of schist from Japan is lower than that of schist from Nepal. Regarding carbonate rocks, the slaking index of limestone from Japan is higher than that of dolomite from Nepal. A tendency of decrease in slake durability with an increase in porosity is also observed. Freezing and thawing experiments conducted on welded tuff and schist reveal that crack initiates earlier but extends slower in schist than in welded tuff. It is also observed from the freeze-thaw experiment that the welded tuff deteriorates and wears faster than the schist. However, sandstone remains relatively intact for a long run of freeze-thaw cycles. Zusammenfassung Beständigkeitstests sowie die Bewertung der Auswirkungen von Minusgraden auf Tonschiefer Trümmergestein wurden durchgeführt. Dabei wurden geschweißter Tuff, Kalkstein, Sandstein und Schiefer aus verschiedenen Gebieten Japans sowie Schiefer und Dolomitgestein aus dem Ganesh Himal Gebiet, dem höheren Himalaya Nepals, untersucht und die Resultate verglichen. Für alle diese Gesteine wurden Slaking-Tests in reinem Wasser vorgenommen. Die Resultate zeigen, dass das Slaking von Schiefer aus Japan höher als das von Schiefer aus Nepal war, wohingegen bei kalkhaltigem Gestein das Slaking von Kalkstein aus Japan niedriger als das von Dolomitgestein aus Nepal ausfiel. Es wurde dabei auch eine Tendenz zur Löschbeständigkeitsverringerung bei gleichzeitig erhöhter Porosität beobachtet. Gefrier- und Tautests an geschweißtem Tuff und japanischem Schiefer zeigten, dass Risse in Schiefer schneller auftraten, aber sich langsamer ausweiteten als in geschweißtem Tuff. Bei Gefrier- und Tautests wurde ebenfalls beobachtet, dass geschweißter Tuff schneller verfällt und verschleißt als Schiefer. Sandstein hingegen blieb über lange Tau- und Gefrierzyklen intakt Résumé Des tests de solidités et l’évaluation de l’effet des températures en dessous de zéro sur les rocs argileux ont été effectués. Les rocs d’origine volcanique (cendre), les rocs calcaires, sableux et les schistes de différentes régions du Japon, ont été étudiés. Les schistes et les dolomites de la région de Ganesh Himal le long du haut Himalaya (Népal) ont été étudiés et comparés à ceux du Japon. Les tests de désintégration sur les rocs ont été effectués dans l’eau pure. Les résultats montrent que l’index de désintégration des schistes du Japon est inférieur aux schistes du Népal. En ce qui concerne les rocs carbonyles, l’index de désintégration des rocs calcaires du Japon est supérieur à ceux des dolomites du Népal. Une décroissance de la résistance à la durabilité est observée avec une plus grande porosité des rocs. Les tests de congélation-décongelation sur les schistes et les rocs d’origine volcanique (cendre) du Japon montrent une apparition précoce des fissures mais l’expansion des fissures est plus rapide dans les rocs volcaniques. Des tests similaires montrent que les rocs volcaniques (cendre) se désagrégent plus rapidement que les schistes. Cependant, les rocs sableux restent intacts après plusieurs cycles de congélation-décongélation.

Jan 1, 2003

In a gold CIP/CIL circuit, adding new circuit water to a final tails thickener and then directing the thickener overflow to the head of the circuit significantly reduces the cyanide concentration at the TSF discharge spigot. The new water is used to dilute the final tails. The dilution and recycle of the tails in this manner may have the added benefit of reducing reagent consumption, in some cases to the point where the reagent savings justify the expenditure and Cyanide Code compliance is achieved at no extra cost. Potential circuit configurations and water recycles can be modelled by splicing a flowsheeting and thermodynamics package, such that changes to the composition of the water can be reduced to chemical speciation with a Gibbs free energy minimisation enabling a complete understanding of the circuit water chemistry.

Jan 1, 2007

By I. D. Wood

Deposition of gold-bearing deposits in the Witwatersrand Basin was controlled by hydraulic processes. These resulted in the formation of independent sedimentological facies areas having different statistics and semivariograms. Consequently, when there are indications that data are a mixture of statistical populations, it is important to decompose them into statistical subpopulations and analyse these independently. However, in the case of actual mining, physical position and extent of sub- populations are important and, as a consequence, any decomposition of data must take space into account if it is to be of use. An algorithm for the spatial decomposition of data into its sub-populations is described and is applied to real data taken from the Witwatersrand. Two distinct areas with completely different geostatistical parameters were revealed.

Jan 1, 1987

By K. R. Johnson

Changes in the pattern of computer systems for mine planning and geologic evaluation are occurring as a consequence of the introduction of 3-D high performance graphics terminals. The VULCAN system is described and an outline of its functionality is discussed. Increasingly, the integration of both database systems and graphics and databases will occur, allowing a greater degree of information access to mine operators. The system covers areas of database, drillhole graphics, mine design and layout, surface and solid modelling as well as reserve inventory generation. The design of the software is such that it is fairly commodity-independent and entirely menu-driven, to enable non computer-trained personnel easily to access the system.

Jan 1, 1987

By I. H. Clark

In some mining situations, backfills are not only required to be free-standing but are also expected to provide hangingwall support. It may therefore be specified that the backfill withstand a certain calculated stress within a given time. Given the materials available, the choice of backfill composition is not always straightforward, and an approach to the evaluation of cemented tailings backfill is therefore proposed. The general use of such a method will greatly assist in both the scientific analysis of the material properties for industry-wide purposes of comparison and decision-making as regards the choice of fill.

Jan 1, 1988

By M. Gholinejad

Applying non-explosive expansion material (NEEM) is one of the safest methods for rock fracturing, especially in a hard rock quarry. An experimental study was conducted to determine the pressure exerted by NEEM in a hole, which is necessary for analysing rock fracturing, particularly in a numerical modelling. Stress distribution was developed in a thick-wall cylinder in order to measure the tangential strain on the external boundary. In the experiments, nine pipes of different materials and varying diameters were selected and then loaded internally with a general type of NEEM. Through electrical strain gauges, the tangential strains were recorded on the external boundary of the pipes. The results obtained from these tests and existing data from previous researchers were utilized for the statistical analysis. A new experimentally-derived formula is proposed for determining the pressure exerted by NEEM by multiple parameter regression with a high correlation coefficient. The proposed model has a nonlinear form with three independent parameters i.e. the hole diameter, the time, and the modulus of elasticity of the material.

Jan 1, 2012

By N. Graham, C. Walker

The SORD Miner is a patented mining principle being developed to exploit mineral and energy resources that current technology can not access. SORD Miner is designed to operate in underground wet, granular, continuously collapsing geological environments such as alluvial and marine deposits. It is somewhat like a cutter suction dredge and should be capable of mining its way through any fine granular material like sand or gravel, pumping the slurry back to the surface. In areas where the target layer is covered, the SORD Miner is inserted below the water table and will tunnel its way to the mineral deposits at depth. This paper describes the development, concept testing and prototype construction of the SORD Miner.

Jan 1, 2007

By N. J. Alderman, R. Haldenwang

Flumes are ubiquitous throughout the mining and minerals processing industries as well as being used in the polymer processing and pulp and paper industries. With the increased demand for the transport of highly concentrated slurries in rectangular open channels, there is an impetus for a better understanding of the role of rheology in flow hydraulics. Until recently, design of such channels has been based on either the Chézy or Manning equations used for modelling open channel flow of Newtonian fluids. This has been done for modelling turbulent flow of low concentrated slurries with some success. However, this is not the case for highly concentrated slurries where the flow in the channel is no longer turbulent. Unlike Newtonian fluids, work carried out on flow of pseudo-homogeneous, non-Newtonian fluids in open channels is somewhat limited. Moreover, these results have been published in a variety of sources. This paper attempts to give a critical review of the work carried out on Newtonian and non-Newtonian flow of pseudo-homogeneous non-settling slurries in rectangular open channels. A comparison is also made of the models based on power law, Bingham plastic and Herschel-Bulkley fluids for laminar and turbulent flow in rectangular open channels.

Jan 1, 2007

By M. Mabuza

Two Rivers Platinum Mine (TRP) is a 55:45 joint venture between African Rainbow Minerals and Impala Platinum, respectively. TRP is situated on the farm Dwarsrivier 372KT, in the southernsector of the eastern limb of the Bushveld Complex. Dwarsrivier is underlain by rock formations of the Critical Zone (Winterveld norite-anorthosite) and the Main Zone (Winnarshoek norite-anorthosite). Two economically significant PGE-bearing layers namely the Merensky Reef and the UG2chromitite are found within the upper Critical Zone. These are approximately 140 m vertically apart, separated by a series of barren norites and anorthosites. At Two Rivers Platinum, only theUG2 chromitite layer is currently being mined for PGEs. The UG2 sub-outcrops north/south along the Klein Dwarsrivier river valley with a very gentle dip to the west of 7º?10º. At Two Rivers the UG2 averages about 120 cm in thickness, overlain by a waste pyroxenite parting about 20 cm thick, above which is a leader seam about 20 cm in thickness. The mineable cut consists of the leader seam, the waste pyroxenite parting, the UG2chromitite layer including 25 cm of pegmatoidal pyroxenite footwall, below the UG2 reef to a minimum of 185 cm trackless mining cut. The mining method is a mechanized bord and pillar layout, which will yield a total of 185 000tons at full run of mine production from the underground UG2 mine.

Jan 1, 2006

By A. Pytlik, W. Masny

"Underground mining is subject to various natural hazards such as seismic events, rockbursts, fire, and gas (methane). In general, an increase in the extraction depth causes an increase in the likelihood of these hazards, especially seismic activity and rockbursts. Dynamic phenomena such as rockbursts and tremors have been recorded on six continents: Europe (Poland, Russia, Czech Republic, Germany, and Slovenia), Asia (India, and China), North and South America (USA, Canada, and Chile), Africa (South Africa), and Australia. To select appropriate mine working supports for such dynamic phenomena, the performance characteristics of such support types must be determined under both static and dynamic load conditions.This article presents information regarding the application of rockbolts in Polish underground hard-coal mines. Dynamic phenomena occurring in the mines from 2004–2013 are also characterized. A methodology developed at the Central Mining Institute (GIG) for the laboratory testing of rockbolts is presented. In this methodology, the bolts are loaded by the direct impact of a free-moving mass (up to 20 000 kg) at speeds of up to 1.2 m/s. The facilities at GIG used to test the support under static and dynamic load conditions are characterized, and the results of laboratory tests on yielding bolts with a nominal capacity of 420 kN are presented. These types of bolts are commonly used for reinforcing steel arches and the surrounding rock mass in Polish coal mines. The results of the laboratory testing of yielding bolts are discussed.IntroductionSeismic events such as rock bumps and tremors occur with great frequency during underground mining. These phenomena have been reported in such countries as Poland, Czech Republic, Germany, France, Slovenia, Russia, India, China, the USA, Canada, Chile, South Africa, and Australia (Brauner, 1991; Potvin, Hudyma, and Jewell, 2000; Kidybin??ski, 2003; Driad-Lebeau et al., 2005; Li, Cai, and Cai, 2007; Whyatt and Loken, 2009; Durrheim and Riemer, 2012; Holub, Rušajova, and Holec?ko, 2011). Descriptions of the dynamic events and their effects in the form of damage to or destruction of supports have been presented in many publications, both for hardrock mines as well as for coal mines (Brauner, 1991; Dubin??ski and Konopko, 2000; Heal, 2010; Heal and Potvin, 2007; Simser, Joughin, and Ortlepp, 2002; Kaiser and Cai, 2012; Cai 2013; Nierobisz, 2013; Mark, 2014; Masny and Prusek, 2015). One of the main goals of the research has been to develop methods, criteria, and guidelines for the selection of an optimal and safe support for mine workings located in areas of rock bumps or tremors. Example of such studies include the Canadian Rockburst Support Handbook (Kaiser, McCreath, and Tannant, 1996), or the principles presented in the literature (Li, 2010; Cai, 2013)."

Jan 1, 2016

By T. Ito, N. Tokashiki, H. A. Bilgin, Ö. Aydan, T. Akagi

This study is concerned with the electric potential induced by deformation, fracturing and sliding of non-piezoelectric geomaterials. In experiments, the acoustic emissions together with electric potential measurements were also measured in order to see how the so-called seismic electric signals are associated with new fracture occurrence and propagation and sliding in case of existing discontinuities. The outcomes of this experimental study may explain why such electric potential variations may occur during the fracturing and sliding of non-piezoelectric geomaterials. On the basis of these outcomes, their possible implications in geo-engineering and geo-science are discussed. Ce travail concerne 1e potentiel électrique produit par la déformation, 1a fracture ou le glissement du matériel géologique non-piézoélectrique. Aux expérimentations, on a mesuré 1es émissions acoustiques avec le potentiel électrique afin de constater la relation entre les phénomènes de glissement ou de formation et de propagation de nouvelles fractures le long des discontinuités existantes. Les résultats de ce travail expérimental expliquent pourquoi de telles variations de potentiel electrique se produisent durant le glissement ou la fracture du matériel non-piézoélectrique. Sur la base de ces résultats, on a discuté de leurs éventuelles implications dans les domaines de 1a géologie et de 1a géo-ingénierie. Diese Studie befasst sich mit dem elektrischen Potential das durch die Deformation, Bruchbildung und Gleiten von nicht-piezoelektrischen Geomaterialien induziert wird. In Experimenten wurden die akustischen Emissionen zusammen mit elektrischen Potentialmessungen gemessen, um zu sehen, wie die so genannten seismischen elektrischen Signale mit neuer Bruchbildung und Ausbreitung sowie Gleiten im Falle von vorhandenen Diskontinuitäten verbunden sind. Die Ergebnisse dieser experimentellen Untersuchungen könnten erklären warum elektrische Potential Schwankungen während der Bruchbildung und dem Gleiten von nicht-piezoelektrischen Geomaterialien entstehen. Auf der Basis dieser Ergebnisse, wurden ihre möglichen Implikationen in Geoingenieurwissenschaften behandelt.

Jan 1, 2003

By M. B. Díaz Aguado, I. Á. Fernández, C. González Nicieza, B. S. Menéndez

This paper summarizes the works that the Research “Group of Ground Engineering”, belonging to the Mining Department of the University of Oviedo, Spain, has been developing in close cooperation with the Regional Mining Department, since 2001, in order to control and monitor an experimental underground limestone exploitation by the room and pillars method. The aim of the current research is not only the geotechnical characterization of the rock mass (by means of laboratory and site tests) or the instrumentation of its displacements and stress changes (using convergence meters, INCREX probe, extensometers and rigid inclusion cells), but, moreover, to undertake intensive monitoring and control of such pilot mine, which is mined exclusively in order to accomplish this research. The data transmission was made on line via Internet, to achieve a full understanding of the behaviour of the experimental mine, to access data from remote locations and to visualize results from a website. All the collected information becomes input data for several numerical models using finite differences under a program developed in the research Group, ALMEC. The simulation and a final economical analysis lead to a design of an underground exploitation, at production scale, for a resource that is traditionally mined by means of open-pit process methods that could be worked underground with less environmental impact. The main purpose achieved by this exhaustive analysis is the technical and economic viability of such mine, for their optimisation for a future productive exploitation.

Jan 1, 2003

This paper describes DRA?s involvement with the expansions at Tati Nickel, Phoenix Mine, that have taken an initial plant design of 3.6 Mtpa (originally built by Murray & Roberts), up to 5 Mtpa, and eventually 12 Mtpa capacity. Initially, the plant could not achieve the design name plate capacity for the first few years of operation, as a consequence of the notoriously hard and abrasive nickel ore affecting primarily the operation of the crusher circuit. In order to extend the life of mine, Tati? assessed and then redefined the mining plan, choosing to increase the Phoenix mine reserves to a lower cut-off grade. In order to increase nickel units produced, the concentrator had to therefore treat additional tonnage at lower head grades. Site investigations and field tests around the comminution circuits are outlined, indicated that the milling circuit could be increased to 650 tph, from the initial design of 470 tph, for a similar feed grade and recovery. A project was initiated to debottleneck the crusher circuit and achieve the new target throughput. (Project 5M). This was followed by a feasibility study of the impact of pre-concentration by DMS, which after promising laboratory tests, was followed up with the installation of a 200 tph ?demonstration? plant. The success of this demonstration plant provided the impetus to expand the supply to the 5 Mtpa mill from a large preconcentration stage. A gyratory crusher (one of the largest and most powerful) will receive ore directly from the open pit operation, feeding into a secondary-tertiary crushing plant followed by a modular DMS preparation circuit. Four large DMS processing modules have been installed to treat the tonnage, with high expected rejection levels. Finally a review of the DMS process capability on an ostensibly disseminated micro-gabbro nickel ore is given, which shows the remarkable impact that preconcentration can have on an operation, both in terms of profitability and a successful process ?expansion?. The performance of the DMS plant has significantly extended the life of mine, allowing the mine to significantly reduce mine cut-off grades and curb its previously selective mining practice.

Jan 1, 2009

By B. Mulcahy, M. Valenta

"The purpose of executing a project in a stagewise fashion is to evaluate all potential options in a cost-effective manner and develop an understanding of the project drivers, thereby minimizing overall project risk to the client. Among the more valuable tools for this exercise are production and financial models that can be used to quantify the sensitivity of the project to the critical parameters.The mine and concentrator used in this case study are located on the Kalahari Copper Belt, which extends from Zambia through northern Botswana into Namibia. This area of Africa has seen very little industrial development and the project will create much-needed employment and development in the region.The success of this project thus far can be attributed to the close cooperation between the geological, mining, and metallurgical disciplines. Regular updates of projected capital and operating cost estimates coupled with project outputs guided the teams in optimizing their various discipline models, ultimately delivering a compelling argument for the execution of the project. Key to the success was the development of a geometallurgical model for the prediction of concentrate tonnage, grade, and recovery for the life of the mine from the mining plan.This paper summarizes the metallurgical findings and the outcome of the various project stages. The development of the model is discussed, as are the challenges faced in developing a suitable metallurgical process route. IntroductionThe Kalahari Copper BeltThe Kalahari Copperbelt, which extends from Zambia across northwest Botswana into Namibia, is considered to be a broad time equivalent of the Central African Copperbelt, with a similar style of mineralization. However, at shallower depths (<25 m), chrysocolla and malachite exist in significant proportions in certain geological areas. As illustrated in Figure 1, the project is located in the Ghanzi-Chobe Fold Belt which forms part of the Kalahari Copper Belt. The Ghanzi Group, which overlies the lowest stratigraphic unit (the Kwebe Formation), consists of three formations, namely the Ngwako Pan, the D’Kar, and the Mamuno Formation (Hall, 2012)."

Jan 1, 2016

By P. F. Ledwaba

"Artisanal and small-scale mining (ASM) in South Africa received official recognition after the change in government in 1994.The Reconstruction and Development Programme (RDP) recognized the sector as a vehicle for social and economic development for historically disadvantaged South Africans (HDSAs) who had previously been excluded from participating in the mainstream economy. Having recognized the ASM sector, government introduced several interventions and support structures to foster the development of ASM, to encourage participation of HDSAs, and to address challenges facing the sector. The objective of this paper is to assess the progress made, with particular regard to challenges in the sector. The paper focuses on the policy requirements that were deemed important for the growth of the ASM sector by the White Paper on Minerals and Mining Policy (1998). These can be collated into five categories: access to mineral rights, access to finance, access to markets, technology and skills, and institutional support. The paper provides a review of the support interventions, their intended roles and impact on the sector, and identifies existing gaps and possible ways of dealing with the challenges. There is a need for research to assess the real impact of these past and existing interventions on the ASM sector to draw lessons for future development.IntroductionThe significant rise in artisanal and smallscale mining (ASM) activities worldwide has led to many countries recognizing the sector. ASM takes place in approximately 80 countries (World Bank, 2013). It is estimated that the sector employs between 20 and 30 million people around the world (Buxton, 2013). This compares to between 3 and 3.7 million in 1999 (International Labour Organization, 1999). ASM activities are widespread, occurring mostly in developing countries in Africa, Asia, Oceania, and Central and South America (World Bank, 2013). There has been a significant increase in the number of people participating both directly and indirectly in the sector and this is expected to continue given the socio-economic realities of most developing countries. High levels of poverty and unemployment and growing inequality continue to be largest problems facing the majority of developing countries today. The ASM sector plays an important role as a source of livelihoods, particularly for those residing in rural areas with limited economic opportunities. In the majority of countries, the recognition of the ASM sector was driven by its increasing contribution to socio-economic development through job creation, poverty alleviation, and rural development. In response, a number of intervention strategies were introduced in support of the sector to address its negative impacts and to increase its potential benefits."

Jan 1, 2017

By J. P. Kirsch

This paper sets out to clearly identify all elements that make up an effective furnace feed system. These are outlined and the more common types of technology are listed. These technologies all play an important role in the final delivery of all feed materials to the furnace.

Jan 1, 2008

By J. Dvorácek

Mine water poses a significant problem in lignite coal mining. The drainage of mine water is the fundamental prerequisite of mining operations. Under the legislation of the Czech Republic, mine water that discharges into surface watercourse is subject to the permission of the state administration body in the water management sector. The permission also stipulates the limits for mine water pollution. Therefore, mine water has to be purified prior to discharge. Although all mining companies operate mine water treatment plants, there is hardly any utilization of the final effluent. The high expenditure involved in the more sophisticated methods of mine water treatment has fuelled the search for the commercial utilization of the effluent.

Jan 1, 2012

By W. K. Osae

A value assessment model which uses deal objectives, financial and non-financial indicators as a guide to assess value creation in mergers and acquisitions. The extent to which post- merger deal objectives are achieved and the potential benefits derived from mining deals that may not necessarily be financial of nature, but which are necessary to sustain and enhance future performance, were considered. The pre-merger and post-merger performances based on some financial indicators that reflect profitability for shareholders were also used. This value assessment model was used to assess four major deals that have occurred in the South African mining industry since 2003 as part of a postgraduate dissertation. In this paper, the Harmony and ARMgold merger is used as an example of how the model can be applied. The model?s relevance and applicability can also serve as a guideline in developing a framework or holistic guideline in assessing whether mining BEE deals in South Africa create value.

Jan 1, 2011