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By A Gibbs

The mining sector has been a leader in investing in safety improvement initiatives, yet relatively few mining organisations can accurately track the positive effects of these initiatives or identify areas that may require more attention. The consequences of not taking safety seriously are severe, and unfortunately injuries and fatalities are continuing to occur across the mining sector (Brady, 2019). There is a tendency to turn to lag indicators such as All Injury Frequency Rate (AIFR), Total Recordable Injury Frequency Rate (TRIFR), and Lost Time Injury Frequency Rate (LTIFR) to track these outcomes. As outlined below these approaches are inherently flawed and a renewed focus is needed on indicators within the control of leaders, indicators that have high predictive validity for future events and data that is used in a way to enable learning and change.

May 5, 2022

By Runge IC

The mine planning process is reviewed and appropriate software considered in terms of "line process" or "support function". The mine planner's requirements of a geological model and the elements of and requirements of a computerised mine planning system are all discussed. The use of "support" software for mine planning is considered and general rules for its development are given. Important changes involved in implementing a computerised mine planning program are listed.

Jan 1, 1983

By Willis G. M

Preliminary experiments have shown that, when used in a fusedchloride electrolyte, titanium carbide anodes dissolve yielding lower titanium chlorides which nlay be electrolysed in situ to produce a cathode deposit of pure titanium metal. The anode residues are easily withdrawn from the cell. Further experiments have established the operating conditions for maximum efficiency in the process.The process is essentially two-stage, viz.: (1) titanium carbide production, (2) electrolysis producing metal. Power requirements appear to be moderate and this fact, combine·d with the simplicity of the process make it attractive as a possible method for the production of titanium.INTRODUCTIONDue to the high reactivity of titanium and its, affinity for oxygen and nitrogen, the extraction of this metal generally involves the use of halide. compounds as intermediates. For instance, magnesium reduction of titanium tetrachloride is the basis of the well established Kroll process and electrolysis of the lower chlorides in a molten salt bath has been proposed by Cordner and Worner (1951, p. 358) and others (Brenner and Senderoff, 1952, 223C; The TitaI Company (Inc.), 1952) as means of production of the metal. Thedifficulty of preparation of these compounds prompted a search for an alternative extraction process. The fact that aluminium, an equally reactive metal, has been prepared by electrolysis using aluminium alloy anodes suggested the possibility of a similar process for titanium production.The Titan Company (Inc.) (1952) has patented the use of crude titanium metal anode, but it was thought possible that a metallic compound, such as the carbide, could be used for this purpose. Although Lorenz and Kaufler (1909) suggested the use of carbide anodes for metal production, no...

Jan 1, 1956

By Wakamatsu DT, Nakahiro Y

This present paper deals with the fundamental study of the separation of fine cassiterite and quartz by liquid-liquid extraction using iso-octane as an oil phase, dodecylamine acetate (DAA) as a collector, and sodium chloride as a depressant. With regard to the distribution of fine cassiterite and quartz between oil and aqueous phases, the effect of DAA has been investigated in terms of pH, DAA and NaCl concentrations, zeta potential, and adsorption density. From the results of the experimental work, a maximum recovery of cassiterite in the oil phase was obtained with pH around 6.0, DAA concentration of 1.0 x 10-5 mole/litre, and NaCl addition of 0.1 mole/litre. In these conditions of liquid-liquid extraction, most of the fine quartz remained in the aqueous phase. Thus it was found that NaCI was an effective depressant for fine quartz under optimum conditions. A series of separation tests by liquid-liquid extraction was then conducted for the mixed samples (6.0 per cent Sn) of cassiterite and quartz. By a single separating process, the per cent of recovery of cassiterite in the oil phase was about 92 per cent with a grade of 27 per cent Sn. The same results could also be obtained by using kerosene in place of iso-octane as the oil phase.

Jan 1, 1993

By B Goebel, G Baker

The Australian Magnesium Corporation Limited (AMC) is constructing the worldÆs largest magnesium metal plant at Stanwell, 24 km west of Rockhampton in Central Queensland. The $1.3 billion, 97 000 tonne per year plant is scheduled to commence production in mid-2004. It will produce magnesium from magnesite using the innovative, locally developed AM Process Technology which enables magnesium to be produced at internationally competitive costs. The technology will enable the plant to have the lowest environmental impact of all the available magnesium production processes. The project will meet current world-best-practice environmental and emission standards while on a life cycle analysis, magnesium produced by the Stanwell plant will result in net reduction in global greenhouse gas emissions. Magnesium is the lightest of the structural metals. Its high strength to weight ratio and ease of casting and machinability makes it particularly suitable for the manufacture of light weight automotive components. Reducing the weight of motor vehicles through the use of light weight materials such as magnesium is the current primary means adopted by the automobile manufacturing industry to improve motor vehicle fuel efficiency and the lowering of emissions of greenhouse gases. The Australian Magnesium or AM process has been developed over the past decade by AMC in conjunction with the CSIRO to produce magnesium from magnesite mined at AMCÆs Kunwarara deposit. Over $200 million has been spent developing the AM process, designing, building and operating a demonstration plant at Gladstone and to complete an environmental impact statement and receive environmental approvals as well as funding for the commercial Stanwell Project. The paper outlines the development of the AM process technology, the operations of the Gladstone demonstration plant confirming the process technology, its operating costs and environmental performance. The paper covers the particular attention that was given to minimising the production of CHCÆs, the development of new cover gases for molten magnesium, the minimising of emissions of greenhouse gases and the life cycle analysis of magnesium as a replacement for steel and heavier metals in motor vehicles which confirmed its use resulted in a net reduction in global greenhouse gas emissions. The project received both Commonwealth and Queensland Government environmental approvals by August 2000.

Jan 1, 2002

By P J. Harris, D J. Bradshaw

Surface oxidation of sulfide minerals, such as that found in the regions of a sulfide ore body near the water table, can have a significant impact upon flotation. This theme has been explored for Merensky ore type sulfides where an ore containing pyrrhotite, pentlandite and chalcopyrite was thermally oxidised and the role of potential remedies investigated. Back-scattered scanning electron microscope images are presented showing the oxidation layer which formed in the mineral surfaces. These oxidation layers were depleted in both sulfur and iron with incorporated oxygen. Flotation recovery rapidly decreased with increasing oxidation, particularly after 27 days and reached a plateau after 50 days. Up to 27 days, this effect could be partially overcome with higher collector additions. Oxidation had more impact upon the finer size fractions, particularly for pyrrhotite. For more heavily surface oxidised samples, ultrasonic treatment prior to collector conditioning was found to improve flotation recoveries. This treatment had the greatest effect upon chalcopyrite particles. Sulfidisation was successful in restoring the flotation recovery of the heavily oxidised sulfide minerals. Longer sulfidisation conditioning times were not conducive to good flotation recoveries of both oxidised pyrrhotite and pentlandite due to oxidation of the freshly formed sulfide surfaces. For maximum flotation recoveries of oxidised pyrrhotite, pentlandite and chalcopyrite, different sulfidisation conditions are indicated. It appears likely that in a mineral processing operation treating oxidised Merensky type ores, two stages of sulfidisation employing different conditions would be required.

Jan 1, 2005

By S C. Dominy

The Bendigo Goldfield is located in the state of Victoria, Australia, and is one of a number of quartz-reef fields that make up the greater Central Victorian Goldfield. At Bendigo gold particles are characterised by their very coarse nature, ranging from below 100 to over 10 000 ¦m in size. Some 60 per cent of the gold occurs in particles greater than 1000 ¦m in size. This characteristic ensures that the mineralisation is very challenging to both sample and evaluate. Diamond drilling provides a measure of geological structure, but is a poor measure of in situ grade, understating it by up to 75 per cent. Drilling combined with on-reef development, bulk sampling and geological interpretation has been used to define Indicated Mineral Resources. For grade control, a balance had to be sought between sample representivity, cost, turn around time and practicality. Sampling of extreme nugget effect deposits generally requires the use of bulk sampling in order to be representative. However, the cost and turn around time is significant. As a result, a 50 kg micro-bulk sampling system has been introduced that attempts to overcome these problems by providing a fast, practical method that can discriminate between ore and waste. As the mine passes into production, grade control will increasingly become dependent upon geological data collection and interpretation.

Jan 1, 2005

By S Bandopadhyay

The seasonal fluctuations of the dust content in Arctic mine environments and the environmental variables affecting the intensity of dust production are qualitatively well known, but quantitative models that allow simulation and prediction of dust generation and the effects of engineering control of thermal regime on the mine environment are still non-existent. In Arctic mines, the migration of moisture in the surrounding rock mass releases fine dust by freeing it from the ice matrix allowing it to escape into mine airway. The migration of moisture is the direct cause for the production of mine dust and heat is the primary driving force. This paper examins the heat and moisture exchange between the ventilation air and the surrounding rock mass in frozen ground, placer mines in the Arctic. Based on the simulated results of a coupled heat and mass transfer problem with phase change, methods of dust control have been identified for mines in the Arctic.

Jan 1, 2005

By M Bettison, R Wright, N Taylor

The primary mine planning focus during early study phases of future mining projects is Life of Asset ore production and grade quality, this will always be the situation. While waste schedule optimisation is generally considered in the latter study phases nearing execution for a limited number of schedule periods only and not a true optimisation considering all attributes such as waste destination location, design, cycle time and closure. This can be particularly applicable in large multi-pit bulk mining operations where one approach to meet Life of Asset ore tonnes and grade targets has been to maintain pit development flexibility resulting in large open pit areas and substantial expit Overburden Storage Area (OSA). The value opportunity is to develop a Life of Asset waste schedule source-to-destination optimisation prior to mine development considering all applicable attributes and routinely review throughout the Life of Asset taking account of improved ore and waste knowledge.CITATION:Taylor, N, Wright, R and Bettison, M, 2018. Utilising mine planning to deliver closure landforms through productive movement, in Proceedings Life-of-Mine 2018, pp 96–99 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Jul 25, 2018

By P Joyce, D R. Cooke

The Dinkidi Cu-Au porphyry deposit is situated in the Caraballo Range of North Luzon, Philippines. Although comparatively small, Dinkidi has unusually high gold grades with drilling by Climax-Arimco Mining Corporation delineating a 110 Mt orebody at 1.2 g/t gold and 0.5 per cent copper. The magmatic-hydrothermal evolution of Dinkidi records a distinctive switch in mineralisation from an early orthoclase-dominated Au-rich assemblage, typical of alkaline porphyry systems, to a later quartz stockwork Au-Cu rich assemblage typical of most calc-alkaline to shoshonitic porphyry systems. The early orthoclase-dominated stage is associated with the intrusion and crystallisation of a variably-textured clinopyroxene-syenite dyke that contains high-grade (5 - 20 g/t) gold mineralisation. We consider this dyke to be a Cu-Au porphyry analogue to the pegmatites found in granitic systems. Dinkidi is hosted within the Early Miocene Didipio Igneous Complex. This alkaline igneous complex is comprised of early unmineralised gabbros (pyroxene-plagioclase cumulates), clinopyroxenites (pyroxene cummulates), diorites and monzodiorites that have been intruded by a large, weakly mineralised monzonite pluton. The Dinkidi deposit is located at the southern margin of the monzonite pluton. Mineralisation is hosted within a composite monzonite stock. Within the stock, an 800 metres by ~200 metres (plan section) elongate monzonite stock (Tunja Monzonite) predates and hosts the bulk of the Au-Cu mineralisation. This has been intruded by the thin (10 to 30 m wide), highly mineralised variably-textured magnetite- and clinopyroxene- phyric syenite pegmatite (the Balut Dyke). The youngest phases of the composite stock are leucocratic quartz-monzonite porphyry (Quan Porphyry) that grades texturally, in its core, into a post-mineralisation crystal-crowded quartz-syenite (Bufu Felsite). The late-stage Bufu Felsite is inferred to be the source of much of the Cu-Au mineralisation. The Didipio Igneous Complex has intruded a sequence of Late Oligocene alkaline andesitic lavas and volcaniclastics and overlying potassic dacitic lavas. Whole rock geochemical analyses indicate that the intrusions and the potassic dacite lavas in the surrounding region are co-magmatic. Five main stages of hydrothermal activity are recorded at Dinkidi. An unmineralised K-silicate (biotite-magnetite) alteration assemblage formed during the intrusion of the Tunja Monzonite stock. The diorites surrounding the stock display intense selectively pervasive biotite and magnetite alteration and are cut by an extensive network of orthoclase veins and monzonite dykes. The orthoclase-dominated assemblages of Stage Two carry substantial high-grade Au mineralisation and are associated with the intrusion of the Balut Dyke. The emplacement of this unusual dyke is associated with emplacement of pegmatitic clinopyroxene-orthoclase-magnetite¦sulphide dykes, localised orthoclase flooding along the margins of the dyke, and subsequent emplacement of an extensive orthoclase-actinolite-bornite¦chalcopyrite-fluorite stock-work, and development of widespread selectively pervasive actinolite alteration. The main stage of Au-Cu mineralisation at Dinkidi is intimately associated with the intrusion and initial crystallisation of the leuco-monzonite porphyry (Quan Porphyry) and emplacement of a quartz stockwork followed by carbonate-sulphide deposition and intense vein-related sericite and carbonate alteration assemblages. The quartz stockwork formed synchronous with the deposition of the æBugoy QuartzoliteÆ, a very coarse grained mosaic of quartz-orthoclase-perthite along the walls and top of the crystallising intrusion. Stage 3 was terminated by crystallisation of the distinctively vuggy Bufu quartz-syenite phase in the core of the intrusive, with associated antiperthite veins, and the subsequent explosive brecciation of the roof of the intrusion, forming a quartz-fragment breccia from the Bugoy Quartzolite. Retrograde metasomatism during Stage Four was intimately associated with the emplacement of extensive, late-stage carbonate, silica and zeolite veins and widespread selectively pervasive carbonate alteration. The last hydrothermal stage at Dinkidi, Stage 5, is comprised of strong selectively pervasive clay alteration and is associated with fault-related brecciation of the Dinkidi stock.

Jan 1, 1999

The Circum-Pacific area is one of the most important gigantic skarn-metallogenic belts in the world. In more than 20 coastwise countries of this region, there exist thousands skarn deposits of different types. According to the differences of major metallic elements, the skarn deposits may be classified into seven subtypes, i.e. Fe, Cu, Pb-Zn, W, Sn, Mo and Au skarn deposits. In this paper, the distribution. and geological characteristics of above-mentioned types of skarn deposits are described briefly. Skarn deposits may also be classified on the basis of the dominant calc(magnesian)-silicate mineral assemblages into four types: magnesian, calcic, manganoan, and alkaline skarn types. Magnesian skarns may be associated with Fe, Cu, Au,, Sn, B, Be mineralization, calcic skarns with Fe, Cu, W, Mo, An, Be, Pb, Zn, Sn minerailization, while the alkaline skarns occur in U(Th, Nb) deposits. The skarn deposits of both East and West Pacific rims have many general characters, but have some diferences in geotectonic settings, intensities of mineralization, distribution, and metallogenic epoches. In this paper, the minerogenetic series and the mineralizing specialities of related magmatic rocks of the skarn deposits are also discussed.

Jan 1, 1990

By Kennerley P

A significant part of the reserves of the Southern Coalfield lie beneath major water storages and their impounding dam structures. One of the functions of the NSW Government's Dams Safety Committee is to specify the particular mine layouts which can be used beneath the stored waters according to certain guidelines. A study was made of examples of the two different methods of extraction used under the stored waters as proposed by the mining company according to the guidelines and approved by the Dams Safety Committee. Using both pillar monitoring and mathematical modelling approaches it was shown that the recovery of coal from these layouts could be improved while still ensuring the long term stability of both the underground support pillars and the body of the strata. The integrity of the water storages and their impounding structures would therefore not be Affected.

Jan 1, 1986

The prospect of utilization of phosphate ores which contain high P205 values associated with Al and Fe has produced a great deal of interest over many years. Processing options have generally been based on the utilization of by-products which were required to offset the processing costs.This paper presents a range of processing options which have been investigated at laboratory or technical scale on phosphate ores which predominantly consist of crandallite, CaA13(PO4)2(OH)5.3H20 and millisite, Ca(NaK)Al6(PO4)4(OH)9.3H20. Christmas Island (Indian Ocean) and Mt. Weld (Western Australia) phosphate ores are good examples of such feedstocks. It is expected that these processes may also be applicable to such phosphate ores from other locations.

Jan 1, 1990

By L Richards, R L. Brathwaite, C Mazenga

Underground mining of gold-silver bearing quartz lodes was carried out in the great mines at Martha Hill, Waihi over 70 years from 1882 until 1952. Shafts and stopes reached a total depth of 600 m on 16 levels, with workings extending laterally some 1.6 km, and as new reefs were discovered the workings extended beneath parts of the township. Over their long life the mines produced 1217 tonnes of gold-silver bullion from processing 12.2 million tonnes of mined ore. In the early-1980s drilling proved large reserves of gold and silver ore remaining in stock-work zones between the previously mined lodes. This led to a new era of mining at Waihi with the opening of the Martha Hill open pit in 1988. A series of three sink holes have formed above unfilled stopes of the Royal lode. In 1999 a sudden collapse crater 40 m in diameter occurred near an occupied part of Waihi, placing in danger several houses and a busy street. This crater formed close to a similar crater that occurred in 1961. The 1999 collapse resulted in subsurface investigations and risk assessment studies being commissioned by the local Hauraki District Council. However, a further 50 m diameter collapse crater in December 2001 formed in a residential area, swallowing and wrecking an occupied house, fortunately without injuring its five occupants. Two other houses were perched on the crater rim. The 2001 collapse led to an acceleration of the work being carried out by the Institute of Geological and Nuclear Sciences Ltd. (GNS) to identify the extent of the old underground workings at Waihi. For the risk assessment detailed rock mechanics analyses were made to consider the stability of the underground mine stopes, in terms of the stope back, hangingwall, footwall and crown pillar failure mechanisms, as well as void migration. The collapse crater areas were analysed using using several methods, including analysis to simulate the probability of void migration from unfilled stopes to the surface using the @Risk program. The analyses show that in the cases of the actual collapse craters, the voids have a high probability of migrating to the surface, thus providing a method of testing the void migration modelling. Modelling analysis applied to the remaining stopes of the old underground mines show there are further areas where void migration from unfilled stopes has a high, medium and low probability of reaching the surface as a collapse crater. The locations of these probabilistic hazard zones were outlined using the @Risk modelling and deterministically by using the dimensions of the historical collapses applied along the length of the stopes. Consideration of the æincubation periodÆ (the time interval between the cessation of mining and the occurrence of collapse) and comparisons with mine subsidence histories overseas, indicates that further collapses are likely to occur over the next 50 years. Risk assessment estimates made using property values and occupancy levels within the three hazard zones, were compared with Societal and Individual Risk criteria. Results indicate that safety within the high and medium zones may be unacceptable.

Jan 1, 2003

The decrepitation technique is a rapid means of measuring abundances, temperatures and to some extent the fluid compositions, of fluid inclusions in transparent and opaque minerals. The method has been used to investigate the hydrothermal fluid systems associated with gold mineralisation in the Tennant Creek, Pine Creek and Halls Creek Goldfields. At the Enterprise Mine, Pine Creek, several different stages of quartz veining are distinguished and within these, gradational changes in fluid temperatures and compositions help to define the centre and nature of the thermal system responsible for the mineralisation. In the surrounding Pine Creek region and at Tennant Creek and Halls Creek, the results were applied on a regional scale to characterize outcrops and aid in the discrimination between potentially mineral- ized and barren outcrops. The decrepitation method involves the heating of a small (lgm) sample of crushed and sized grains up to as high as 800 degrees celsius. During the heating the fluid inclu- sions within the grains develop sufficient internal pressure to physically burst, the temperature of such bursting being dependent on the type of fluid and the prevailing tem- perature at the time the inclusion was originally trapped. The resulting tabulation of the number of inclusion bursts per 10 degree temperature interval is plotted as a histogram of decrepitations versus tempera- ture and called a decrepigram. The decrepi- grams frequently show several distinct peaks at different temperatures which are caused by different populations of inclusions in the sample. The areas of the peaks indicate the abundances of inclusions in each population while the shape and mean temperature of the peak provides a guide to the type of fluids involved. Of particular importance in this study is the presence of decrepitation peaks at fairly low temperatures (around 2000 C. These are characteristic of C02 rich fluids which build up internal pressure very quickly when heated. The Enterprise Gold Mine at Pine Creek comprises a number of overlapping quartz vein systems hosted by Burrell Creek Formation sediments. The geology of this mine has been described at this conference by Dann and Delaney, who have defined several distinct stages of quartz veining based on structural, mineralogical and physical features of the veins. For this decrepitation study, 19 quartz samples from the mine and environs, including some from each stage of veining were collected. These results suggest that there are 4 major vein types, within 3 of which additional small variations can be discerned which are due to gradational changes in the temperatures and fluid compositions in the mine area.

Jan 1, 1984

Pyrite is one of the principal Au-bearing minerals in refractory gold ores. Significantly high Au concentrations of up to 5200 ppm are present in pyrite. Pyrite hosting high levels of Au is also enriched in As. Pyrite as an unwanted mineral ends up in wastes and constitutes one of the primary sources of As in the mining and metallurgical wastes. Arsenic can be readily released to the environment due to rapid oxidative dissolution of the host pyrite under atmospheric conditions. In order to determine the form and occurrence of arsenic in pyrite, micro-X-ray absorption fine-structure spectroscopy (XAFS) spectra were collected from a range of arsenical pyrite grains having different morphologies and a range of arsenic and gold concentrations. All the pyrite grains are characterised by the dominant edge aligned with As-1 valence state. In pyrite, arsenic atoms substitute for S atoms that are in six-fold coordination about each Fe atom. XAFS data suggest that As atoms occur in clusters within the pyrite structure. In addition to As-1, fine-grained, inclusion-rich and framboidal-type pyrite grains have a second As species at ~11 875 eV corresponding to As5+. This As5+ species in pyrite is highly variable and attributed to the oxidation of arsenic exposed on the surfaces of pyrite.

Jan 1, 2008

By Haigh C. J

A process has been developed to recover at least 75% of the 2-naphthol contained in cobalt precipitate produced during the removal of cobalt from electrolytic zinc plant solution. The recovered material is in a form suitable for recycling to precipitate further cobalt from solution. The process consists essentially of two steps. The first involves leaching of cobalt precipitate in 400 g/l sodium hydroxide solution at 95¦C in the presence of an additive. The second step involves treating the filtrate from the leaching stage with sodium sulphide to precipitate cobalt as the sulphide thereby re- generating the sodium hydroxide for recycling. The process is only marginally profitable at present 2-naphthol prices, giving a net return of 20% on a capital investment of $1 200 000. A reaction mechanism is proposed which accounts for the 25% loss of the 2-naphthol in the recovery process.

Jan 1, 1977

The Merrill-Crowe process for gold and silver recovery yields a low grade concentrate containing high levels of zinc and copper. External refining charges and high transport costs prompted the company to establish itsown enrichment facility.The route chosen was a wet chemicaltreatment which converts the gold, silver and other metals to their chloride. This is achieved with hydrochloric acid and sodium hypochlorite. Gold is recovered from the resulting filtrate by cementation with copper.The solid residue from the gold process is washed and treated with ammonia which dissolves the silver chloride. Metallic silver is recovered from this solution, againby cementation with copper.

Jan 1, 1985

The collapse of the I.T.C., the subsequent fall in the price of Tin, and the lifting of quotas saw the Renison concentrator resuming full seven- day operations at maximum capacity in 1985/86. Performance was sus- tained in terms of grade and recovery, and in some areas improved, over this period. A further challenge was declining head grades, and the need to treat higher proportions of less amenable ore types. The complexity of the flowsheet and the method of mining and ore handling predisposes the process to unstable operation, and solving this problem comprises a major component of the current development effort. The concentrator has an imbalance of capacity between processes, and excess in some areas is being adapted to enhance the capacity of others. Magnetic susceptibility of various minerals is being exploited to greater effect. Significant performance gains are achievable by improving exist- ing unit process efficiency, particularly in grinding, gravity processes and Cassiterite Flotation. This paper reviews the metallurgical developments, both recently implemented and planned for this year, which have contributed to main- taining Renison Limited in a competitive position in the post I.T.C. Tin industry.

Jan 1, 1988

This paper describes preliminary research on the application of Markov Decision Processes (MDP) to Real Option Valuation (ROV) and the optimisation of mine scheduling. The MDP framework is a novel approach to option valuation and scheduling in mining operations. A learning agent is introduced into the valuation process of an open pit, where prices and block ore grades have probabilistic values. The prices are modelled using a mean reverting diffusion process and the block grades using sequential Gaussian simulation. The agent is asked to learn which production parameters should be used in order to maximise the overall value of the project. The introduction of the agent permits a real option approach to mine valuation, such that the value associated with the robustness of a design to uncertainty can be measured. A simulated example is used in which there are ten blocks to be extracted under conditions of grade and price uncertainty. Using policy iteration, an optimal policy is generated and the value of production options is found. The potential financial gains from applying MDPs to mine valuation and optimisation are substantial and warrant further investigation.

Jan 1, 2007