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By E. M. Watkin

"Land directly disturbed by hard rock mining activities in Ontario and Quebec was surveyed in 1974 as part of a country-wide assessment, (Murray 1977). Some 15, 000 hectares, or 5 7 square miles, are listed as having been disturbed by overburden removal, waste rock and tailings deposition (Table 1) in the region. That area represents sixty-eight per cent of the total area which ha1; been disturbed by mining in central and Atlantic Canada. Assessment of disturbed areas was undertaken using LANDSAT-1 and LANDSAT-2 satellite imagery. Certain limitations of the technique were recognized but the data obtained were considered a relatively acceptable assessment of the extent of disturbed areas larger than ten hectares.Approximately ten per cent of the land disturbed by mining in the two provinces has been reclaimed to varying degrees. Indeed, this proportion is correct for the country as a whole. As pointed out by Ripley, Redmann and Maxwell (1978), some of the land was disturbed long before environmental concern 01· reclamation were ever considered. In numerous instances reclamation will remain impossible until presently active operations are closed. Nevertheless, these authors feel such figures make it clear that reclamation has not been a high priority in Canada in the past. Canada is a vast country, and there has been little pressure toward efficient use of all land space. Most mining operations occur in areas distant from the country's population centres. Under these circumstances, therefore, the pressure to reduce the environmental impact of mining is much less than in the more densely populated areas of Europe and the eastern United States, where such activity can occur in or adjacent to large metropolitan areas."

Jan 1, 1980

By Christoph Mueller

Broad band mine communication traditionally is characterized mainly by individual solutions, which have in common their long development phases and their high cost for development, operation and service. The use of Ethernet and the TCP/IP family of standardized protocols provide an uniquely price efficient combination of high bandwidth open networking, universal use and accessibility of price efficient development tools, especially because it forms the technical infrastructure for the worldwide Internet. TCP/IP and Ethernet assures reliable networking however it is not able to guarantee the latency timing of forwarding network information. Therefore, the network design requires strict load limitation and application level traffic control especially if moving equipment has to be manually remotely controlled via the network. The paper discusses the technologies the application of Ethernet and WLAN in underground mining environments.

May 1, 2006

By Derek Ettie

"In the Hydrometallurgical processes, the presence of the so-called "crud" is a constant challenge in solvent extraction. Crud is a stable emulsion which forms along the interface between the aqueous and organic phase. The spread is influenced by the following parameters: first, wind blows the dust and impurities into the open sedimentation tanks. Second, the undissolved solids such as sand transported in the PLS causing problems in conjunction with incorrect agitator design.The crud fraction can decisively impact the efficiency of the hydrometallurgical extraction because the phase interface can constitute a large fraction and the sedimentation tanks cannot react flexibly to it. In the downstream process of the series-connected sedimentation tanks, they are thus all contaminated with crud. At the same time, the necessary mass transport is significantly impeded at the phase boundary between organic phase and aqueous phase due to the crud formation.The transfer of the organic phase into the electrolysis cell can result in a "burnout" of the cathode. The carryover of this electrolyte into the extraction can cause problems with the pH regulation. The carry-over of the organic components into the raffinate also leads to contamination of the leaching circuit. The continuous treatment of the crud with a 3-phase decanter centrifuge is extremely effective in combating this problem. This technology splits all three phases from each other and they are consequently continuously separated. All subsequent process steps exhibit a stable, uniform effectiveness. The main advantage for the customer is that fluctuations in the process are eliminated and the organic phase can be recirculated back to the extraction. The recycling of the solvent alone justifies the investment in less than 6 months as examples from South Africa and Chile show.To operate solvent recovery in daily operation fully automated online at the optimum limit, the decanter centrifuge is equipped with a concentration-dependent pond adjustment called DControl® by this means, we can guarantee our customers the maximum possible solvent recovery and minimize the solvent costs in this process step. This system is presented in detail in this paper."

Jan 1, 2014

By X. S. Yuan

With the production increase of Oil Sand in Fort McMurray Alberta, more efficient tailings disposal has become a priority for Syncrude Canada Ltd. A lot of work on tailings research and development has been compiled to determine the most effective deposition to increase reclamation options, water re-use and thermal energy recovery. Efficient flocculation of fine oil sand tailings is the key technology for thickening. It was identified that flocculation of fine transition/marine ore tailings using a single flocculant was not effective. The thickener overflow contains 1-4% solids content compared with the target solids content of <0.5% obtained with Estuarine ore. As a result, novel processes for treatment of fine transition/marine ore tailings have been developed at Syncrude Bitumen Production Development since June 2004. While the conventional processes using a single flocculant, a single coagulation, or a coagulant-flocculant combination was ineffective for transition and marine ore tailings, the new processes including Coagulation-Flocculation-Coagulation (CFC), Flocculation-Coagulation (FC) and Flocculation-Coagulation-Flocculation (FCF) were acceptable options. The key components of these technologies consist of the recipe of chemicals and their adding sequence. With these technologies, almost all sub-micron clay minerals are aggregated together and settle as a whole, resulting in a clear supernatant of less than 0.1% solids.

Jan 1, 2006

By D. J. McLaws

"Recent innovations in metal smelting technology utilize continuous oxygen-enriched smelting and converting processes which are capable of producing off-gases containing up to 60% SO2 or more. Other SO2 recovery processes, involving solvent absorption and steam or vacuum regeneration, can produce off-gases with SO2 concentrations nearing 100%.Processing of these high-concentration SO2 off-gases in conventional sulfuric acid plants can cause excessively high catalyst bed temperatures and poor SO2 conversion. In order to avoid these problems, a conventional acid plant design must dilute these high SO2 process gasses with dilution air in order to provide the required oxygen to effectively convert the SO2 and provide a heat sink (via the inert N2) such that the exothermic reaction, SO2 + ½ O2 ???SO3, does not exceed the temperature limit of the catalyst or the converter vessel.MECS, Inc. (MECS) has proven that a high SO2 feed gas design can be a viable option which can increase energy recovery, reduce energy consumption and potentially reduce capital costs."

Jan 1, 2014

By C. O. Aksoy

There is a long history of coal production in Turkey with electric energy generated from power plants since the 1950s. However, the cost of power generation is high. Therefore, it has become necessary to find a means of decreasing production costs to become more competitive in a global market. This paper attempts to economically minimize the overall operating costs of a dragline-shovel-truck system applied at an open pit mine that has fed the Yatagan power plant since 1979, lowering the lignite production cost, and indirectly, the overall electricity generation unit cost. Systems currently in place, as a result of former optimization studies, are time-consuming and expensive to re-implement to comply with today’s very different geometric and economic conditions affecting mining operations. In such cases, rather than re-optimization, it is more viable to identify the parameters that affect the minimum unit cost, via a cost minimization study, allowing present mine equipment to be utilized more efficiently. Unit cost minimization analyses are subject to the capacity of the pool of mining equipment available, combined with the mining block geometry from pre-stripping onwards. In this overall unit cost minimization study, P&H shovels and CAT 777 trucks with capacities of 15 yd3 and 77 tons, respectively, were used in truck-shovel pre-stripping operations. A 65 yd3 Marion 8050 dragline was used to expose the overburden immediately over the coal seam. Pre-stripping bench heights varied from 8 m to 20 m and dragline bench heights from 20 m and 25 m were evaluated to minimize the unit cost of field operations. Total overburden extended to a depth of 60 m (35 m to 40 m for pre-stripping). Minimization analyses performed on the pre-stripping truck-shovel operation, prior to dragline operations, determined that the shovel bench height should be 15 m requiring a dragline bench height of 25 m.

Jan 1, 2005

By N. I. Basuki, E. T. C. Spooner

"Abstract - More than 2800 published fluid inclusion data (primary inclusions) from eighteen typical Mississippi Valley-type (MVT) Zn-Pb deposits and districts were examined to study possible relationships between MVT fluid properties and metal tonnages and ore grades. The mean Th and salinity values for fifteen MVT deposits and districts are 122°C ± 21°C and 20.7 ± 2.6 wt% CaCl2 equivalent, respectively. In general, temperatures increase from pre-ore to ore stages, and salinities decrease from ore to post-ore stages. From post-ore to late calcite stages, salinity and temperature decrease with various trends within specific districts.Several conclusions are drawn: first, results show that Hanor’s (1996) salinity threshold for metalrich basinal fluids applies to typical MVT ore fluids (~16 wt% CaCl2 equivalent). Second, the lower limit of mean Th values of measured MVT deposits and districts (n = 15) of ~75°C is similar to Hanor’s (1996) observed temperature threshold for metal-rich basinal brines of ~60°C (n = 224). Third, there is no statistically significant relationship between fluid inclusion homogenization temperatures (Th) and metal tonnages or ore grades. Fourth, there seems to be a tendency for large tonnage districts/deposits to be associated with mean fluid salinities that are relatively low (~16 to 21 wt% CaCl2 equivalent) within the overall range of salinity means (~16 to 26 wt% CaCl2 equivalent). There is also a correlation between higher ore grades and higher salinities. Finally, comparison with other sedimentary rock-hosted Zn-Pb deposit types shows a trend of salinity decrease and temperature increase from MVT, sandstone-hosted and diapir-related Pb-Zn deposits, to vein-type and Irishtype Pb-Zn deposits, and then to sedex deposits. However, more data are needed for sedex deposits. The salinity threshold for significant Zn-Pb transport decreases to =~10 wt% CaCl2 equivalent at ~250°C. This study suggests that fluid inclusion analysis during exploration may be useful in assessing ore-forming potential (threshold salinity) and possible ore grades (salinity)."

Jan 1, 2002

By Gregg Hodges, Fred Schoenbrunn, Steve Slottee, Chad McCleary

"In December, 1999 Stillwater Mining Company (SMC) commissioned a new paste /cement backfill plant to supplement the existing sand backfill system for the cut and fill mining operation at it’s Nye, Montana mine. The new plant uses the Baker Process Deep Cone TM Paste Thickener to thicken the total concentrator tailings from 30% solids slurry to a 71% solids paste. This paper describes both general paste formation concepts and the evolution of the SMC paste plant operation from original design criteria, through problem solving and plant modifications, to the operation of the existing plant.Although the original process design was not effective for consistently producing and delivering acceptable paste to the stopes for backfill, SMC was able to make the mechanical and process modifications which allow the plant to now produce and deliver an acceptable product to the stopes. Ongoing test work is targeted at increasing the pumping range of the system, increasing the paste solids concentration from the Deep Cone Paste Thickener and reducing the operating and maintenance costs of the system.INTRODUCTIONThe authors would like to thank both Stillwater Mining Company (SMC) and Baker Process for their assistance in the preparation of this paper. Stillwater Mining Company chose not to participate directly in this paper due to time constraints, but was very helpful in answering questions concerning their approach to problem solving and specific details with regard to engineering criteria.This paper will begin with a general review of the technical and mechanical concepts in paste formation and then focus on the overall design, start-up and problem solving process for the paste backfill operation at SMC’s mine and concentrator near Nye, Montana."

Jan 1, 2001

By C. E. Baltzer

This is the fourth in a series of coal technology reviews being prepared. in accordance with a recommendation voted by the Coal Division C.I.M. in session at the Jubilee Meeting, Vancouver, 1948, that the Department of Mines and Resources be requested to arrange for publication by the proper Government authority of a Quarterly Review of Coal Technology for distribution among those concerned in the production and use of coal in Canada. Copies of the first review, which appeared in the November, 1948, BULLETIN, pp. 612-614, of the second review in the June, 1949, BULLETIN, pp. 272-275, and of the third review in April, 1950, BUL-LETIN, pp. 1,9?3-196 (also, respectively, in Transactions, Vol. LI, 1948, pp. 262-264 Vol. LU, 1949, pp. 117-120, and Vol: LIU, 1950, pp. 133-136), were distributed by the Dominion Coal Board and are still available on request. In this review, the first in the series in the field of combustion, development and trends during the period approximately from World War II to the present time are described and therefore the presentation is general. Later reviews will particularize developments in relation to the range of coals available in Canada.-ED. INTRODUCTION THE utilization of coal in heat and power producing equipment has become of paramount importance to the coal industry in maintaining stable and profitable markets. In the past, the chief concern was with mining, transportation, and overall supply problems, but modern conditions demand interest in and knowledge of all phases of the product, from coal in situ to its ultimate disappearance in the form of products of combustion. Even the last mentoined factor has caused complications, as is shown by current widespread activity in the field of smoke abatement

Jan 1, 1951

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 Chuck Edwards

Whatever your opinion of the validity of the scientific case for global warming, or of the wisdom of the Kyoto Protocol, it would seem judicious to err on the side of caution and try to sensibly minimize global climate change. To this end, we should take prudent steps to minimize our emission of greenhouse gases. Cameco is the world's leading supplier of uranium for use as fuel in nuclear power plants. Cameco’s uranium production fuels nuclear power plants in 16 countries. Nuclear power plants generate clean electricity without greenhouse gas emissions. This presentation describes the role that uranium and nuclear power can have in meeting the growing demand for electricity and at the same time combating global climate change.

Jan 1, 2004

By Y. Bai, J. J. Liu, D. Q. Li, S. Z. Liu, X. T. Wang

"This paper presents the results of an industrial test using 8 t/d of Baotou concentrate (50% REO) of a clean metallurgical process, which includes: 1. Roasting with H2SO4 at low temperature (220~260 0C) in a batch roasting furnace followed by water leaching to obtain a leach liquor as feed with a yield of >95% RE and Th, recovering F as fluoride, producing a leach residue amounting to 1/3 of an equivalent high temperature residue and containing <0.03% Th and radioactivity < 3×104 Bq/kg compared to the normal high temperature residue containing 0.2-0.3% Th and 1×105 Bq/kg. 2. Separating Th with N1923 and extracting RE by P507 has been completed in mixer-settlers. Test results indicate that the ThO2 product has a purity of > 95% with a yield of 99%, and the RE has a yield of >95%, in which ThO2/REO <5×10-6, and that P507 loaded RE connect straight with separating RE using P507-HCl system. 3. Treatment and multipurpose use of "three wastes" (water, gas and solids) are discussed in some detail."

Jan 1, 2014

By Rudy Tenbergen, Dick Farmery, Jim Naylor

"Paste backfill has replaced cemented rock fill as one of the components to improve ground · control and mine safety at the Macassa Operation of Kinross Gold Corporation in Kirkland Lake, Ontario. It is the first operation to utilize "" flash thickening ""of very fine gold tailings to a paste consistency in the ""Paste Production and Storage Mechanism"", a joint technical development of Inco and GL&V. The tailings paste is mixed with alluvial sand to produce an engineered quality paste backfill. The development leading up to the decision to proceed with this novel technology is discussed, as well as commissioning of the backfill operation.IntroductionThe occurrence of a major rockburst on November 23, 1993 prompted a review of mining and backfill procedures at the Macassa No 3 shaft . This shaft is some 7238 ft deep and lies in a mining belt that is prone to seismic events. The recommendations were to change the mining from underhand cut and fill to mechanized long hole stopping and to look at alternatives to the rockfill backfill system in place. The Macassa cemented rock backfill operation, while producing the desired fill stiffness had drawbacks as compared to paste fill. With paste fill, placement rates are faster, more openings can be filled, it is less expensive and less prone to the occurrences of compensable incidents.Macassa mining personnel visited the Sudbury operations of Inco in 1993, where development on paste backfill was in progress. As some of the R&D was taking place with funding from the Premier's Council Technology Fund of the Ministry of Trade and Technology of the Province of Ontario , Inco personnel at that time did some feasibility and conceptual consulting on the use of paste fill for the industry. Inco had developed the use of alluvial sand paste fill, an engineered blend of alluvial sand and tailings fines and was doing development work to eliminate the ""conventional"" way of producing paste from mill tailing by thickening and filtration. This latter development work was taking place with GL&V Ontario. That work led to the filing of a joint Inca/ GL&V patent application for the PPSM, the Paste Production and Storage Mechanism with all marketing rights being held by GL&V."

Jan 1, 1997

By A. G. Mattes

This paper presents an overview of passive, engineered, biologically-based anaerobic bioreactor (ABR) treatment systems of the sort that can be used to remove dissolved copper from mine wastewaters. The paper begins with a brief history of the origins of this treatment technology and continues with a discussion of principles of engineered wetlands (EWs, advanced kinds of constructed wetlands, CWs) and the use of vertical sub-surface flow (VSSF) varieties that contain pulp & paper biosolids as the reactive medium for EW cells. A brief outline of a procedural methodology used in evaluating the potential for biological treatment on a site-specific basis is also included. An introduction to the microbiology of passive biologically-based treatment systems is followed by some recent research results in the general area of wetlands and ABR research. The paper concludes with a brief discussion of several sites known by the authors to have successfully (or not) demonstrated the potential of this treatment option.

Jan 1, 2007

This paper describes the back analysis of the Pavoncelli tunnel, an hydraulic tunnel which was excavated between 1904 and 1915 in South of Italy and experienced severe damages during the 1980 Irpino-Lucano earthquake. A numerical simulation which is intended to study the behaviour of the tunnel during this seismic event is presented, also accounting for the swelling phenomenon that took place during and after construction.

May 1, 2009

By Dale Dean, Bill Hancock, Raul Mondragon, Carlos Aguilar, Chris Martin

"In 1942, commercial mining operations began in what is now the Lucky Friday Ag/Pb/Zn mine in Idaho’s Silver Valley. Wholly owned since 1962 by Hecla Mining Company, the mine has produced more than 145 million ounces of silver and has been a mainstay producer in Idaho’s Silver Valley for over 70 years.However, by the early 21st century, the mill had fallen, technologically, seriously behind the rest of the industry. Accordingly, starting in 2005, the current mill management team set to revitalizing the milling operation. This paper will describe how the mill was systematically evaluated and the aging infrastructure replaced with more current technology. Driven by internal mill review studies supported by QEMSCAN mineralogical balancing, the mill has in recent years been through waves of upgrading – from the installation of new mechanical and column flotation equipment to the introduction of on-stream analysis, a technology well-accepted around most of the industry but alien to this technologically conservative mining district.The experience at Lucky Friday is a testament to the need for ongoing structured mill optimisation and technology upgrading in established mining operations. This paper will describe engineering experiences associated with upgrading equipment in an operating mill, contained in a confined building. Experiences in teaching the team new ways of operating a mill, and finally the metallurgical rewards that have been reaped will be described.INTRODUCTIONMining in Idaho’s Silver ValleyIdaho’s Silver Valley is a 64-km long valley flanked by the US Northern Rocky mountains, seldom more the 3-km wide, and stretching across much of Idaho’s northern panhandle, roughly 150 km south of the Canadian border. Mining has been continuously active in the area for more than 140 years, during which time, the Silver Valley has become one of the richest silver producing districts in the world, and as of 1985 had out-produced the 500 years of production from the famed Potosi district in Bolivia. Since 1885, almost 100 deposits have been discovered and worked in the district (Chapman, 2000)."

Jan 1, 2011

By Bryan A. Bartley

"Jim Macdonald was promoted from Waterworks Engineer to Streetworks Engineer for the Wellington City Council. He thus took over the City quarry and responsibility for its performance. The crushing plant needed upgrading and he thought it would not be difficult to make a crusher to overcome a problem. If he had a longer association with the quarry industry he would have used conventional methods and equipment, so his invention arose from a fresh view of crushing.He invented the Barmac Rotopactor after observing a wear resistant chute with a lining of dead stone trapped above a piece of angle. This idea led to a rotor lined with trapped stone, rotating on a vertical spindle. In trying - a model rotor he observed the impact against a circular rill of stone in half an oil drum and thus was started a very fertile new area of developement in comminution. The writer helped in the developement and shares in the patents. Jim died in January 1982, just as the machine was becoming known and some 200 were in use in various countries. Most were working in hard rock quarries et that time but recent uses have carried the machine into the mining and mineral processing field. This paper is directed at that industry."

Jan 1, 1985

By R. Samuels, R. Klimpel

"IntroductionLaboratory and industrial grinding tests have shown that the process of size reduction of metal containing ores can be significantly influenced by chemicals added to the slurry being ground.,The terms grinding aid or grinding additive refer to a substance which, when mixed into the mill contents, causes an increase in the rate of size reduction. The increased rate can be used to grind a higher feed rate to the desired product size or it can be used to produce a finer product size at a fixed rate. Whether the use of a grinding aid is justified in any given situation depends on the cost of the substance versus the improvement of output or product quality obtained with its use.A wide variety of grinding additive mechanisms have been suggested in the general mining literature (1,2,3,4,5,6,7). The prevention of particle agglomeration, slurry cushioning of grinding media impact, grinding media coating, changing the strength of macro porous rocks, and chemical adsorption on flaw surfaces to change bonding forces and surface energy have all been suggested. More recently, some grinding additive work has been carried out (8,9,10,11) which suggests that the use of efficient chemicals to control the fluidity of dense slurries is a viable economic approach to achieve improved grinding rates. These increased grinding rates are achieved with no increase in power to the grinding mills and apparently with no increase in media consumption costs. Unlike much of the previous work with grinding additives, this recent work is accompanied by a rather complete engineering characterization and prediction of performance capability. The chemicals involved were chosen so as to efficiently control the viscosities of slurries under conditions of high shear yet not adversely affecting flotation, flocculation, and other downstream surface chemistry operations."

Jan 1, 1979

By M. Vallée

"RÉSUMÉDurant les 10 dernières années, les améliorations dans le contrôle des limites des sautages et les arpentages après l’exploitation ont fourni des informations préalables et post facto sur les limites minières réalisées par rapport à la planification, plus particulièrement pour les grands chantiers exploités par les méthodes chambres vides et sous-niveaux. Cependant, peu de recherches ont été faites pour améliorer la délimitation du minerai, l’estimation des ressources et des réserves, les études de faisabilité et la récupération minière dans d’autres types de gisements. Il faudra d’abord expliciter les impacts des lacunes, en quantité et en qualité, de l’information géologique et de l’échantillonnage sur le rendement de l’extraction. Il faudra également remplacer la notion de « dilution générale » par celles de « dilution » et de « perte de minerai ». Les impacts des lacunes observées sur l’exploitation des gisements d’or filoniens sont démontrés par une simulation basée sur des résultats d’études antérieures à la mine Thompson d’Inco, des impacts financiers de densités d’information moindre et par des analyses des valeurs actualisées nettes (VAN) de deux cas types.Deux gisements similaires, de 3 m et 6 m de largeur et exploités par chambres vides sont étudiés, en prenant pour cas de base la délimitation sur maille de 7,5 m (25 pi.) et en étudiant les impacts des limites moins précises supportées par une maille de 15 m (50 pi.), en assumant que ces imprécisions moyennes de +/- 0,62 m se transforment soit en surestimation (dilution), soit en sous-estimation (pertes de minerai).Les impacts d’information moins précise ont été beaucoup plus forts sur le gisement plus étroit : autant la dilution que les pertes de métal ont diminué les VAN du gisement de 3 m de 39,27 % et 45,41 % respectivement, tandis que les VAN du gisement de 6 m ont été diminuées que de 12,84 % et 11,55 %.Ces impacts des valeurs actualisées nettes diminuées justifient et exigent des efforts plus systématiques pour s’assurer que les travaux de mise en valeur et les études de faisabilité soient réalisés de façon requise pour optimiser l’exploitation et offrir aux investisseurs des rendements compétitifs par rapport à ceux des autres secteurs industriels. ABSTRACTDuring the past 10 years, research work to improve the survey of stope limits after mining supplied useful information, particularly for large open and sub-level stopes, regarding waste dilution caused by differences between final production limits and planned stope limits.However, the efficiency of this information to improve the overall efficiency of the mining process is limited, given that the impacts of inaccurate ore limits leading to dilution (sensu stricto) and ore losses have not been considered adequately. Geological/sampling information should be optimized in terms of quantity and/or quality for the deposit characteristics and the constraints of the mining method used. As industry practice regarding the definition and recording of dilution is flexible and as ore losses frequently are poorly documented, the use of these terms is reviewed.Simulations were carried out on two typical narrow gold deposits, based on an earlier study at Inco’s Thompson mine regarding the impacts of wide to narrow delineation grids using recorded variations of vein geometry. Vertical to sub-vertical deposits of 3 m and 6 m widths mined by long-hole open stopes were considered. Deposits delineated by 7.5 m (25 ft) grids were taken as a base case and the impacts of less accurate limits in conjunction with long hole mining based only on a 15 m (50 ft) delineation grid. The impacts of overestimation (dilution) and underestimation (metal losses) were considered separately, using the average error of +/-0.62 m recorded in the Inco study.The impact of less accurate information was much stronger on the narrower deposit: both dilution and ore losses diminished the net present value of the 3 m wide deposit"

Jan 1, 2005

By Peter A. Eshun

This paper studies two methods that account for risks associated with gold mining projects such as mineral risks and country risks. The first method is sensitivity analysis, which investigates the effects of a change in any economic parameter such as operating cost, capital investment, gold price or taxes on the viability of the project. The second method is Monte Carlo Simulation technique, which takes into consideration the simultaneous random variation of the economic parameters on the project&apos;s viability. An automated simulation cash flow model has been developed as part of this paper. Sensitivity analysis and the simulation model have been used to investigate the economic viability of the Dokrupe Gold Project (DGP) serving as a test case. It is concluded that, the Monte Carlo Simulation technique gives a more realistic judgement of the economic viability of gold mining projects.

May 1, 2004