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By H. S. Sichel

Statistical valuation of diamondiferous deposits By H. S. SICHEL, D.Sc The valuation of diamondiferous deposits depends on (i) the density distribution, (ii) the size distribution of stones and (iii) the selling price structure prevailing at a particular time. In the density distribution the stochastic variable is defined as the number of individual stones found per sample unit irrespective of the stone size. The density distribution is discrete and allows for barren sample units. As diamonds often occur in clusters, a Poisson mixture distribution is derived which is entirely new, as existing discrete distributions cannot represent the stone number frequencies found in nature. For the sizes of diamonds, which are measured by weight, a new compound logarithmic normal distribution is developed. Combination of (i), (il) and (iii) leads to a meaningful appraisal of diamondiferous ground expressed in monetary value per production unit of mining. Finally, confidence limits are calculated which allow for inferences from sampling to recovery.

By R. E. Gürtunca, D. J. Adams

Writen contribution by J.F.Curtls The subject mater of the paper is interesting in that, instead of 'numerical modeling based on elastic theory' being used for the prediction of energy release rate (ERR) in relation to various types of stope support, including backfil, use is made of stresses in the backfil in an atempt to corect the numerical modeling. Authors' reply to J. F. Curtis We thank Mr Curtis for his contribution to our paper. First of al, it should be emphasized that the object of the paper is not to address the validity of ERR as a tool for the assessment of seismic events or rockbursts, but to determine an in situ modulus for the rockmass with the aid of backfil measurements. Writen contribution by T.R. Stacey Although the authors of the above-mentioned paper have presented some good and interesting information, the title of the paper, and the recommendation that such an in situ modulis should be used for calculations of energy release rate (ERR), are viewed with some concern. The reasons for this concern are as follows. Authors' reply to T.R. Stacey Dr Stacey's comments on our paper are appreciated; we should like to address his concerns as follows.

Jan 1, 1991

By C. Musingwini, M. Woodhall

An often overlooked factor in the analysis of mine layouts and schedules is technical operating flexibility, mainly due to its nebulous nature. If one glosses over technical operating flexibility the resultant mine layouts and schedules tend to be sub-optimal. The need to incorporate technical operating flexibility into the analysis and comparison of mine layouts and schedules is increasing in importance. This paper illustrates the nature of technical operating flexibility, reviews previous work on valuing operating flexibility and proposes how technical operating flexibility can be quantified for tabular reef mines by using a platinum reef deposit as a case study. Once technical operating flexibility is quantified it becomes possible to explore its incorporation into the analysis of mine layouts and schedules and subsequent optimization processes. The work described in this paper is part of a current PhD study at the University of the Witwatersrand. Keywords: mine plans, layouts, schedules, technical operating flexibility, ore availability.

By P. J. D. Lloyd

An account is given of the development of a process to concentrate gold and other valuable minerals and to produce a discardable waste. In this process, the ore is coarsely milled, a bulk flotation concentrate is prepared, and the flotation tailing is scavenged in a hydrocyclone, which returns coarse gangue, moderately coarse valuable minerals, and locked valuable minerals back to the mill. The engineering developments required by this circuit in order that it will fit underground, and the progress made towards the achievement of those requirements, are reviewed. If the waste is to be suitable for use as a backfill in a deep-level, flat tabular excavation, it should be capable of being placed hydraulically, and should have both low voidage and high rates of drainage. Such a material could be prepared by the fine screening of the overflow from the cyclone in the proposed circuit. Possible methods for the handling of the concentrate and the recovery of its valuable constituents are described. The paper concludes with a discussion of the possible benefits from the use, in deep-level Witwatersrand mines, of a system involving concentration underground, extensive backfilling using the tailings from the concentration process, and hydraulic hoisting of the concentrate.

Jan 1, 1979

For resources projects with healthy net present value (NPV) and low cash flow volatility, conventional discounted cash flow (DCF) analysis will continue to provide the dominant investment decision-making criteria. However, DCF analysis can be biased because it often applies a single risk-adjusted discount rate (RADR) to compare the value of projects with different risk characteristics. Many of the difficulties with DCF modelling arise from analysts' inability to determine appropriate risk discounts and to estimate expected spot prices inputs for the commodities produced over the life of the project. Modern asset pricing (MAP) is a very valuable complement to DCF analysis in addressing some of these issues. Most papers dealing with MAP, however, while academically rigorous, tend not to be explicit in terms of practical application of this methodology in routine project evaluation. This paper has the objective of reviewing the MAP methodology and of demystifying its complexity, by providing a simple but realistic step-by-step evaluation of a mining project, comparing its DCF and MAP NPV values. The paper concludes that MAP provides a minimum, risk-adjusted `floor' value, thus representing a valuable complement to any DCF valuation.

Jan 1, 2007

[Council for 1993/94 President Dr H. Scott-Russell President Elect J. A. Cruise Vice Presidents Senior D. A. J. Ross-Watt Junior P. D. K. Robinson]

Jan 1, 1994

Cecil John Irving was born on 13th March, 1902. He was educated at King Edward's School in Birmingham, and at the University of Birmingham, where he graduated in B.Sc. Mining Metallurgy in 1922, and in B.Sc. Metal Mining on 7th July, 1923. Johannesburg 1986 The biggest mining exhibition ever held in Africa and several allied international conferences are to be staged in Johannesburg in September of next year.

Jan 1, 1985

By Deur T. A. M. Saayman

Die sesde jaarlikse Ingenieursimposium is in September by YSKOR, Vanderbijlpark gehou. Rierdie simposium, wat deur Ingenieurs-in-Opleiding georganiseer word, bied aan die Ingenieurs-in-Opleiding die geleentheid om referate te lewer oor projekte wat gedurende hul drie jaar opleidingsperiode uitgevoer word. Continuing education courses The following courses are to be given in the near future in The Netherlands. Coal trade, transportation, and handling . The 4th Coal Trade, Transportation and Handling Conference and Exhibition, CoalTrans '86, will take place the Rai Congress Centre, Amsterdam, from 10th to 12th June, 1986.

Jan 1, 1986

The 87th Annual General Meeting of the South African Institute of Mining and Metallurgy was held at Kelvin House, Johannesburg, on Wednesday, 15th August, 1984. Professor R.P. King (President) was in the chair, and declared the meeting open at 16h00.

Jan 1, 1984

By P. J. Barton, N. F. Peverett

A brief review of the development and ultimate design of the Model 16 Photometric Sorter is given, including the differences between it and its predecessor, the Model 13, which is currently in operation at Doornfontein. A description of the West Driefontein sorting plant is given, together with the rationale of its design. The installation programme for the sorters is described, and current operating and maintenance procedures are discussed. Operating results are tabulated and compared with the original test results. Operating costs are also discussed.

Jan 1, 1980

By D. J. C. Taylor, R. A. Kruger

Unbridled mining operations can have a serious negative impact on the surroundings. With the recent increased awareness of the need for environmental conservation and the resulting advances in environmental control, the mine planner has new tools at his disposal for the successful implementation of mining projects while avoiding negative environmental effects. This paper discusses the environmental strategies adopted in the planning and commissioning of a trial underground coal mine. The minimization of negative environmental effects is demonstrated and, where applicable, environmental benefits are examined.

Jan 1, 1986

By I. J. A. Brackley

An investigation of the slope stability of a pit and failures of spoil dumps, carried out at Silicon Smelters quartz mine, Pietersburg, South Africa, is described. The major geological feature of the mine is the intensely foliated schist in the footwall, with exceptionally Iow strengths upon extensive discontinuities, and the similarly unusual strength properties of the dumped schist spoil. The selection of slope angles for the pit is described, and a proposal for the stabilization of the failing spoil dump by segregated dumping is explained.

Jan 1, 1985

By H. P. Coetzee, V. J. Solomon

As the price of gold increased, so did the viability of mining previously abandoned unpay areas of Stilfontein Mine. After an assessment to confirm the profitability of mining these areas, it was necessary to re-establish access-ways such as haulages, cross-cuts, and travelling ways. Openingup is a labour-intensive, relatively slow operation, and attempts were made to mechanizeand speed it up. Some of the techniques applied and the results achieved, whether successful or not, are discussed.

Jan 1, 1982

By G. V. R. Landman

Changes in the explosion behaviour of mixtures of coal dust, methane, and air when exposed to different energy sources are discussed. Changes to the lower explosive limits, minimum ignition energies, and rates of pressure rise when the same hybrid mixture of coal dust, methane, and air is exposed to ignition sources which are either spatially extended or spatially concentrated, are examined. A diagram is presented from which coal-dust loadings and methane presence can be determined which are below the lower explosible limits, and stated as a safety factor.

Jan 1, 1995

By H. E. James

GOLD 100, the most comprehensive international conference on gold ever held anywhere in the world, took place in Johannesburg from 14th to 18th September, 1986. The Conference was followed by a series of one day visits and an extended technical tour. The Conference was organized jointly by the Council for Mineral Technology (Mintek), the Chamber of Mines of South Africa, the School of Business Leadership of the University of South Africa, and The South African Institute of Mining and Metallurgy.

Jan 1, 1986

This paper describes the operating practice and design features of an intensive-cyanidation plant at the East Gold Plant of Vaal Reefs Exploration and Mining Company Limited (V.R.E.M.). After the development oh cyanidation route for the treatment of gold-plant gravity concentrates by the Anglo American Research laboratories (A.A.R.L.), a full scale plant was commissioned at Western Holdings (Welkom Division) Gold Mine in March 1977, and the V.R.E.M. plant was commissioned in August 1981. Although the gravity-concentration route does not now enjoy the prominence of former times, in an existing conventional plant the intensive-cyanidation route can successfully replace mercury amalgamation.

Jan 1, 1984

By P. R. Jochhens

The Past. In the past, large metallurgical companies (for example the mining houses) had the necessary infrastructure both to develop metallurgical flowsheets and to undertake the construction and project management of metallurgical plants. Effectively, the sole contribution by contracting companies was the supply, and possibly the installation, of specific items of equipment. OBITUARY: AUSTIN WHILLIER (1927 - 1981) On Thursday, 13th August, 1981, Dr. Austin Whillier passed away peacefully in Johannesburg after a long illness. This event has been a serious blow indeed, and its effects will be felt, not only by the Chamber of Mines of South Africa and the South African mining industry, but also throughout many scientific and technical spheres both in South Africa and further a field.

Jan 1, 1981

By R. J. Mostert

The role of hardenability in the development of high-strength low-alloy (HSLA) steels is discussed. The applicability of the superhardenability treatment. a steel making technique for increased hardenability, to HSLA steels is indicated, and the literature on this treatment is reviewed. Several low-carbon superhardenability HSLA steels were designed by use of published superhardenability multiplying factors. It was found that the hardenability of these low-carbon steels can be increased to the same extent as that of medium-carbon steels. The mechanical properties as determined in normalized bars indicate that the superhardenability treatment can be used successfully in the production of low-carbon hot-rolled HSLA steels.

Jan 1, 1984

By M. B. Cortie, J. H. Potgieter

An account is given of the production of three types of experimental high-chromium duplex stainless steel. The alloys had chromium contents of 22, 29, and 35 per cent. The partitioning of the main alloying elements between the austenite and ferite phases was determined, and the effect of the alloying elements chromium, nickel, and molybdenum on the mechanical properties and corrosion resistance of the duplex stainless steels is summarized. The phase compositions of the different duplex stainless steels were measured by different techniques, and the values obtained were correlated. The cracking occasionally observed during the thermo mechanical processing of these alloys was studied, and is explained as being the result of known embritlement processes.

Jan 1, 1990

By J. van der Walt, A. Whillier

Gravity-fed water systems in mines by A. WHILLlER, Pr. Eng., Se. D. (M.I.T.) (Fellow) and J. VAN DER WALT, Pr. Eng., B.A. Hons. (Bus. Admin.), Ph.D. (Eng.) (Visitor) South African mines often experience significant losses in production because of recurring shortages of water at work places as the result of underground dams running dry. Similar shortages have occurred during fire-fighting operations, and now, with the use of cold service water to aid in the cooling of mines, it is even more necessary that such shortages should be prevented. This paper draws attention to the primary cause of such water shortages, and an outline is given of some of the fundamental hydraulic principles that must be followed in the design of gravity-fed water-supply systems on mines.

Jan 4, 1977