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By Derek du Preez, Andrew Hall, Timothy M. Pelech

Net Present Value (NPV) derived from Discounted Cash Flow (DCF) analysis remains the dominant metric for evaluating mining projects despite its well-documented inability to capture managerial flexibility under uncertainty. DCF assumes that all risks are perfectly priced by financial markets. This is an unlikely assumption for volatile commodity prices, geological variability, or the array of mining technical and operational risks present on all mine sites. Real Options Analysis (ROA) was developed to remedy this limitation by explicitly valuing the ability of managers to defer, expand, scale, switch, or abandon investments as new information emerges, and to capture upside and mitigate downside risks. While ROA is philosophically correct and routinely shows an uplift in project value compared with DCF, its practical application at industrial scale is severely constrained, ROA faces the reality of a combinatorial explosion in complexity of decision trees, Monte Carlo simulations and other models required when multiple interdependent or sequential options exist across numerous mining zones and time periods. The AMC Hill of Value® (HoV) process adopts the same intellectual foundation as ROA, that flexibility has economic value, but operationalizes it through a far more robust and scalable architecture. It is built on parametric relationships, rapid scheduling, and multi-objective evolutionary optimisation. HoV can evaluate millions of compound, interdependent real options in a single optimisation run, delivering resilient, adaptive strategies that preserve managerial flexibility while simultaneously optimising NPV, mine life, risk exposure, and other corporate objectives. This paper demonstrates that HoV is the practical, industrial-scale embodiment of real options thinking in mining: it discovers, ranks, and translates the most valuable real options into strategic mine plans, overcoming the scalability barriers that have prevented widespread adoption of classical ROA.

Feb 22, 2026

By Roberto Pimentel de Souza

Since 1976 CVRD is carrying out tests to develop a type of pellet made with organic binder. One binder that showed good possibility to be used in industrial plants is Peridur. An extensive framework of tests was run in CVRD's pilot plant. The results are presented in this paper. Finally, the decision was taken to carry out an industrial production of 50.000 t of pellets. It was scheduled for March '81. The results are shown in this pager. It was not observed any detrimental effect of the peridur neither in the process nor in the product quality.

Jan 1, 1981

By C. I. Basilio

The adsorption of O-isopropyl-N-ethylthionocarbamate (IPETC) and O-isobutyl-N-ethoxycarbonylthionocarbamate (IBECTC) on chalcocite, chalcopyrite and pyrite has been studied using UV and in-situ FTIR~ATR spectroscopy. Thionocarbamates were found -to adsorb strongly on chalcocite at pH 4-10, but consider-ably less on chalcopyrite and pyrite. The FTIR spectra show that the surface species of thiono-carbamates are bonded to metal atoms on the mineral surfaces. However, at high concentrations, IBECTC also forms physically-adsorbed species. Adsorption of these thionocarbamates cannot remove or prevent the formation of sulfoxy oxidation products on pyrite, unlike the case with the xanthate-pyrite system. This finding may account for the observed flotation selectivity of these reagents against pyrite. The spectroscopic information is compared with flotation test results.

Jan 1, 1988

By C. Okrusch, C. Roos, M. Akers, S. Rosenthal

Modern mining consistently faces controversy. Public sentiment impacts the permitting and development of mines, so a quality public relations (PR) program for mining companies may improve society’s impression of the mining industry. Developing mines face more permitting challenges than operating mines, which stems from a lack of societal trust given the history of mining and its impact on the environment. Two case studies were selected based on the type of public controversy they face to demonstrate how pervasive permitting issues are in industry. Both Pebble Mine, owned by Northern Dynasty Minerals (NDM), and Black Butte, owned by Sandfire Resources America Inc (SRA), experienced difficulties with their water permitting due to potential risks their mine developments posed to local fish populations. Pebble has, to date, failed in all of their attempts to become permitted due to concern for the water and the fish. Black Butte dealt with the same problems, on a smaller scale, but was able to become permitted. These two mines will be discussed in detail including local history, mine setting, mining history in America, prevalent culture groups, technology development, and intercultural communication competence (ICC). The mining industry needs to evaluate its ICC skills since ICC directly determines the effectiveness of PR. Based on Barna’s Stumbling Blocks for intercultural communication, methods for improving the mining industry’s PR will be suggested in the hope of easing the permitting process for future mines by developing ICC.

Mar 2, 2022

By V. Rajaram

The Parachute Creek Member of the Green River Formation in the Piceance Basin, Colorado, contains vast reserves of oil shale, nahcolite, dawsonite, and other accessory minerals. The dry alkali process of sulfur dioxide removal using nahcolite (naturally occurring sodium bicarbonate) has great potential. A room and pillar mining scheme has been designed to extract a nahcolite zone occurring at a depth of 472 m, from the lease application area of the Yankee Gulch Joint Venture. Geotechnical parameters affecting mine design will be discussed. A preliminary development plan for mining at the rate of 1000 t/d will be described in detail.

Jan 1, 1977

By Stanislaw Wasilewski, Zdzislaw Krzystanek

The CMC-3 new generation system for continuous methane monitoring enables on-line measurement of methane concentration within the range of 0-100% CH4 with a great autonomy of operation. In principle the system has been worked out in the asspect of hazard detection in mines endangered with rock and gas outbursts. But after last crash in the Halemba colliery, according to the recommendation of the after-accident committee, the system was directed to this colliery for operational tests. The paper describes construction and functions of this system and gives some results of tests conducted at the Halemba colliery. The results point out the necessity of using monitoring equipment of continuous operation in mines of high dynamics of methane emission. INTRODUCTION Commonly used in Polish coal mining the methane monitoring systems of CTT/63/46 Up or CMM-20 and CMC-1 type are based on cyclic measurements with 4-minute repetition of measurements. This period has been stated sufficient from viewpoint of methane emission dynamics under normal exploatation. In these systems, automatic switching-off electrical power is performed by the surface station, i.e in case of detecting exceeded concentration value the station generates control pulse signal which actuates the switchng-off devices CRA and IZZO. Such a way of disconnection causes a considerable time delay, up to several minutes, in electric power break at hazardous areas. In the methane monitoring system with the new CMC-3 station, the different phylosophy of operation has been applied. Measurement of methane concentration is performed in a continnous way. In case of exceeding the alarm value, immediate control of the IZZO unit directly by methane monitor follows and consequently energy break without necessity of communicating with the surface station. Alarm values are set directly in methane monitor. The system ensures central powering of underground equipment from the surface, and in case of power failure the methane monitor equipped with battery operates autonomously for about 12 hours. Such an extention of the methane monitor funtionality has been achieved thanks to the use of internal microprocessor controller. The system with the CMC-3 station has been worked out in the aspect of methane hazard detection in mines exposed to gas outbursts. But after last gas explosion, according the desicion of the After-accident Commitee, the system was installed in the Halemba coliery where it underwent operational tests. Besides

Jan 1, 1993

By C. Ek

Tailings originating from the gravity concentration of a gold ore containing about 14 g/t Au have been treated by various beneficiation methods. These tailings have been screened on the 147 and 74 micron sieves and the two coarsest fractions have been separated on shaking tables with unsatisfactory results, but the concentrates have been examined in polished sections for mineragraphic analysis. Very simple flotation flowsheets have been applied to collect most of the gold, recovery and grade varying with the regrinding time in a ball mill. Cyanidation tests have shown that this type of treatment is also applicable to such tailings.

Jan 1, 1991

By P. T. Bissert, T. J. Lutz, J. A. Yonkey, G. T. Homce

"Underground refuge alternatives require an air source to supply breathable air to the occupants. This requires pressure relief valves to prevent unsafe pressures from building up within the refuge alternative. The U.S. Mine Safety and Health Administration (MSHA) mandates that pressure relief valves prevent pressure from exceeding 1.25 kPa (0.18 psi), or as specified by the manufacturer, above mine atmospheric pressure when a fan or compressor is used for the air supply. The U.S. National Institute for Occupational Safety and Health (NIOSH) tested a variety of pressure relief valves using an instrumented test fixture consisting of data acquisition equipment, a centrifugal blower, ductwork and various sensors to determine if the subject pressure relief valves meet the MSHA requirement. Relief pressures and flow characteristics, including opening pressure and flow rate, were measured for five different pressure relief valves under a variety of conditions. The subject pressure relief valves included two off-theshelf modified check valves, two check valves used in MSHA-approved built-in-place refuge alternatives, and a commercially available valve that was designed for a steel refuge alternative and is currently being used in some built-in-place refuge alternatives. The test results showed relief pressures ranging from 0.20 to 1.53 kPa (0.03 to 0.22 psi) and flow rates up to 19.3 m3/ min (683 scfm). As tested, some of the pressure relief valves did not meet the 1.25 kPa (0.18 psi) relief specification.IntroductionThe Mine Improvement and New Emergency Response Act of 2006 (MINER Act) was enacted in the United States in the wake of three mine explosions/fires that claimed 19 lives that year. Intended to help improve underground coal mine accident preparedness, the MINER Act includes provisions that target mine safety issues in areas such as emergency response planning, adoption of new technology, training and education, and mine safety standards enforcement (U.S. Mine Safety and Health Administration, MSHA, 2006). Section 13 of the MINER Act specifically directed the U.S. National Institute for Occupational Safety and Health (NIOSH) to provide for research into the effectiveness and viability of refuge alternatives for underground coal mines. This mandate culminated in the 2009 adoption of changes to Title 30 of the Code of Federal Regulations (30 CFR) mining health and safety regulations, requiring underground coal mines to provide mine emergency refuge alternatives and associated components, to provide a life-sustaining environment for persons trapped underground. Such refuge alternatives can be either self-contained mobile units or built-inplace facilities. The regulatory changes also include provisions establishing requirements for MSHA approval of refuge alternatives and their components, and among these provisions are numerous criteria for providing a safe breathable atmosphere under positive pressure within the refuge alternatives. One specific criterion for maintaining a safe refuge alternative atmosphere requires the inclusion of an air pressure relief valve that will activate at a maximum of 1.25 kPa (0.18 psi), or at a pressure above mine atmospheric pressure, in the refuge alternative, as specified by the manufacturer when the breathable air is supplied by a fan or compressor (MSHA, 2008)."

Jan 3, 2018

By Linda Frederick

In July 1997, Krupp Canada obtained the contract to design and supply the conveyor system for Chile's Los Pelambres copper mine expansion project. Progress on the overland conveyor system is currently on schedule. It is a challenging task to convey copper ore from an open-pit mine located on a mountain site 3,000 m (9,840 ft) above sea level down 1,300 m (4,265 ft) to the processing plant at the valley floor below. The Los Pelambres conveyor system moves copper ore at a rate of 8.7 ktlh (9,600 stph) and at a speed of 6 ml sec (1,180 ftlmin) for 12,750 m (41,830 ft). The distance is divided in three conveyors, each 1,800 mm (71 in.) wide. The largest conveyor is 6 km (3.7 miles) long. To protect against avalanches and rockslides, the conveyors run through a 12-km- (7.4-mile-) long tunnel system. The lowest of the three conveyors is equipped with a shuttling head end. With this, the conveyor discharge point can be moved back and forth by 100 m (330 ft), allowing it to build up a longitudinal stockpile at its end. To meet the extreme design parameters, the limits of conveyor design had to be pushed to record-setting marks. For instance, the ST-7800 steel cord conveyor belt is the strongest belt ever installed in a conveyor system. A total drive power of 25 MW (33,535 hp), consisting of 10 2.5-MW (3,352-hp) drives, is included in the design plans. In loaded condition, the electric motors act as generators and feed electric energy back into the power grid. The motors are controlled by variable frequency inverters that provide an infinite adjustment of motor speed. This technology allows starting and stop- ping the conveyors precisely along predetermined acceleration and deceleration ramps. This is done so harmful belt jerking and stress waves can be avoided.

Jan 1, 1999

By D. Castillo

The effectiveness of a flotation column is due principally to the addition of wash water to the froth phase. The wash water flow rate can be significant, especially so for systems yielding a high weight recovery of fine solids, e.g. zinc sulfide flotation. Therefore, it is critical to recognize and assess the impact of the water addition upon upstream separation stages. This paper examines column flotation circuit configurations using data from a portable 2 t/day pilot plant. The objective is to provide an improved basis for column design, either as a retrofit or as part of a new circuit.

Jan 1, 1990

By R. N. Gow

EH-pH diagrams are useful tools in understanding how mineral surfaces react in solution and particularly how aqueous conditions can be changed to enhance mineral leaching processes. However, successful application of these diagrams requires several things be kept in mind to prevent what others have termed ?gross errors? in their calculation and use. The aqueous Cu-S system is used as the basis for explaining the mass-balanced method of calculating EH-pH diagrams with the thermodynamic equilibrium software, STABCAL. This includes a breakdown of the Gibbs? Phase Rule and how it is employed in STABCAL to modify the diagrams. This methodology was then applied to the aqueous Cu-As-S system and resulting diagrams are compared against examples of those generated using the predominant-ion method. The resulting mass-balanced diagram for enargite (Cu3AsS4) is noted to compare well with spectroelectrochemical measurements using Raman spectroscopy and cyclic voltammetry.

Feb 23, 2014

By O. Fernandez, M. Vesely

Abrasive grinding, leading to ultrafine product and "critical size" material buildup inside the mill, is proposed as the cause of high power consumption and low capacity in many fully autogenous grinding processes. Addition of steel balls (hence, semiautogenous grinding) or pebble removal and separate crushing have been used, with different efficiencies, to overcome the problem. Information and data for the conceptual analysis, basic design, and operation of a pebble crusher at the Los Bronces semiautogenous grinding plant is presented along with data showing a production increase of 1000 t/d (1100 stpd) and significant operating costs savings.

Jan 1, 1987

By H. Pieterse, K. S. Fraser, J. R. Goode

The Goldstrike autoclave plant is designed for the pressure oxidation of 1363 t/d (1500 stpd) of refractory gold ore. The plant was commissioned in early February 1990 over a one week period - an unusually short period for a plant of this complexity. The rapid plant start-up is attributed to certain detailed design and control aspects of the plant. This paper discusses key features of the autoclave plant with emphasis on the design of the splash/flash system of heat recovery and the control systems. Commissioning and plant operations over the first three months are reviewed.

Jan 1, 1990

By BEN WANG, HAORAN LI, YALI FENG, JINRONG JU

Acidic wastewater is at present directly neutralized with lime or limestone, which wastes resources such as titanium, scandium and iron and generates a great deal of solid waste. This study proposes a novel approach for the separation and recovery of titanium, scandium and iron from acidic wastewater, and utilization of red gypsum. The proposed process not only recovers valuable metals from acidic wastewater but also treats the red gypsum that has previously been dumped.

Aug 1, 2022

By H. Kandemir, G. Neeling, P. A. Spencer

Gold extractions from three refractory sulphide concentrates have been increased by bacterial oxidation with T. ferrooxidans prior to cyanide leaching. Arsenopyrite, pyrite and stibnite were the major sulphide components associated with gold in the concentrates examined. Kinetic oxidation tests were conducted for each concentrate by monitoring iron and arsenic levels in leach slurry. A correlation has been established between the level of bacterial oxidation and gold extraction from cyanide leaching of oxidised residues. High levels of bacterial oxidation have been achieved in approximately 8 days at pulp densities of 20-25/ w/v solids, resulting in 70-90% gold extraction.

Jan 1, 1987

By Neil Runciman, Greg Newson, Nick Vagenas

This paper discusses simulation modelling of underground mining operations at a typical mine in the Sudbury mining area in Ontario, Canada. The PC simulation software, WITNESS Version 7 Release 6.0 by AT&T ISTEL, is used to model the drilling, blasting, hauling and ground support operations. Simulation is used to investigate the development mining cycle and determine the capabilities and flexibility of WITNESS to accurately represent the mining system under consideration. The simulation study discussed in this paper provides a first step in determining the successful application of WITNESS in the underground operational aspects of the mining industry.

Jan 1, 1996

By H. H. Murray

Recently developed clay deposits that will impact regional and world markets are described. These deposits, their location, geology, and physical properties are delineated. Kaolins from the State of Para in Brazil and from Ukraine; bentonites from Argentina and India; and palygorskite and sepiolite from China are world class deposits that when processed using modem technology will produce excellent products. Other deposits that may affect regional markets are l<aolins from China, Australia and Indonesia; bentonites from Georgia (formerly USSR) and China; and palygorskite from India and Ukraine. New ball clay deposits that will affect regional markets are in China and Indonesia.

Jan 1, 1999

By E. Pizarro

Division Andina has considered in its long range planning, the exploitation by panel caving method of "Third Panel" mine, which was started its production stage during the second half of 1995. This mine has two production levels, the first is grizzly level and another is L.H.D. level. Both sectors use the same haulage level where mineral is recollected through ore pass. For mineral loading and haulage its use 50ton diesel trucks combined with electro-hydraulic chutes. The automation has permitted what this operation is carrying out with remote control by driver&apos;s truck, in concordance to short range planning.

Jan 1, 1998

By R. Mathur

Cu isotope fractionation in low-temperature aqueous environments has been well documented. Here Cu fractionation was applied to two distinct, yet related, mining problems. First, an exploration geology application, where copper isotope fractionation was measured in oxidized leach caps, chalcocite enrichment blankets and hypogene mineralization in three porphyry copper deposits located in the southwestern U.S. Cu isotope patterns exist in a vertical distribution within the mines, coupled with distinct relationships with the Cu grade. Second, a hydrometallurgical application, where copper isotope fractionation was measured in leach fluids, feed and residues from a quick leach test (QLT) on Cañariaco, Peru ores. The results indicate the relative proportions of the minerals providing Cu during leaching. Interpretations of the QLT test measurements indicate covellite is the dominant ore mineral providing Cu during leaching. Both applications clearly demonstrate the use of the Cu isotope technique to understand low-temperature aqueous processes involving copper.

Jan 1, 2012

By VIVEK KASHYAP, PATRICK TAYLOR

The presence of iron in sphalerite induces the formation of zinc ferrite (ZF) during roasting. Zinc refinery residues (ZRR) and electric arc furnace dust (EAFD) contain a significant amount of zinc ferrite and are difficult to treat. According to the literature, up to 71% ZF has been found to be present in ZRR. The dissolution of zinc ferrite is inefficient even in aqua regia. The Waelz process is an existing process to recover zinc from electric arc furnace dust by reduction using carbon monoxide followed by the volatilization of zinc. In this study, zinc was selectively extracted from zinc ferrite by partial reduction of zinc ferrite at relatively low temperature followed by leaching in dilute sulfuric acid (20 g/L). Pure zinc ferrite samples were partially reduced to zinc oxide and magnetite by using H2 gas as a reductant. The presence of magnetite and zinc oxide was confirmed by X-ray diffraction (XRD) technique. A maximum of 95%zinc extraction was achieved after leaching with sulfuric acid on the reacted samples. The paper also discusses the effect of time, temperature, and concentration of H2 in the reducing gas on the extraction of zinc and iron from ZF.

Sep 16, 2020