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By S Withell, K Sheehan

Whitehaven Coal (WHC) is undergoing a transformative journey, deeply committed to the principles of a High Reliability Organisation (HRO) and the establishment of a mature, interdependent culture founded on psychological safety. This ongoing commitment is not merely aspirational but is supported by performance improvements backed by both quantitative performance data and qualitative evidence of cultural progression. WHC has strategically integrated leading and lagging indicators to target fatal risk. WHC focus areas include an emphasis on strategy and risk appetite, targeted data, informed learning, proactive addressing of fatal risk and the integration of data management and technology.

Apr 16, 2024

The Main Seam occurs in two 'pods', termed North and South, separated by an east-west oriented 'want' zone (most probably a palaeo-channel). The seam on either side of the 'want' area reaches thicknesses of over 30 metres but the North Main Seam adjacent to the 'want' zone has been split into multiple seams of 10 to 15 m thickness. Rock types in the inter-burden of this area are characterised by inter-bedded sandstones and carbonaceous mudstones varying in thickness from 0.5 to 5 m. In the South Main Seam, an area of un-split coal exists and is characterised by few inorganic partings. Overburden in this area varies geographically from relatively thick mudstones in the south and east part of the coal deposit to inter-bedded sandstones and carbonaceous mudstones adjacent to the 'want' area. The sandstone/mudstone overburden probably represents a splay or splay-channel complex emanating from the larger 'want' area palaeo-channel. Modelling lithological variability is of use because it is one of the factors used in predicting cavability and roof support system design. The coal in both the north and south deposits were found to exhibit highly predictable quality and breakage parameters in relation to the coal geometry. Although ash yield and sulphur are mostly low and not variable, volatile matter and thus fixed carbon, varied in relation to seam thickness. In general, volatile matter (dat) decreased and moisture increased with decreasing seam thickness whereas moisture increased with decreasing seam thickness. In addition to these parameters it was found that the energy needed to crush the coal was lowest at the top and bottom of the seam and, on a whole seam basis, decreased with seam thickness. All of these parameters were found to vary in relation to the vitrain band content of the coal which itself was controlled by seam geometry. These parameters can therefore be modelled and inputted into mining plans and quality control operations.

Jan 1, 1996

By N Schofield

For the sampling of particulate materials in mineral exploration and mining, the fundamental sampling error (FSE) introduced by Gy is a measure of the constitutional heterogeneity of the sample lot and is expressed as the relative standard deviation of subsample grades of a particular mass. The FSE is presently regarded as an important indicator of quality for samples used in resource estimation. Constitutional heterogeneity describes an ideal state of heterogeneity with respect to all constituents of the lot such that the fundamental error among subsamples of a particular mass is minimised.In this paper, the term ‘sampling precision’ used in relation to mineral resource sampling usually refers to a statistic based on the assay results drawn from pairs of separate subsample splits of multiple sample lots. The pairs of splits are extracted after the lots have been prepared by crushing and pulverising to meet specified criteria of grain size and subsample mass. There is presently no generally accepted method of calculating the ‘sampling precision’ from such paired data but some form of the relative standard deviation that is consistent with definition of the FSE is preferred here. The work of Thompson and Howarth in the 1970s on geochemical analytical precision, which has been subjected to extensive examination and criticism by Stanley and Lawie (2007), and that of Francois-Bongarçon since the 1990s forms the background to the discussion in the paper.A significant aspect of the application of Gy’s sampling theory to sampling in gold deposits is the requirement that the fundamental error be maintained at less than ±20 per cent. The most important reason for this is to ensure that the effects of other sampling errors such as the grouping and segregation, and increment delimitation which can cause local and global biases in sampling are kept as small as possible. This paper is focused mainly on the quality of sampling in gold deposits and looks at an alternative to the use of a constant sampling precision applied to a collection of lots with varying average grade. A theoretical model for the FSE based on duplicate sampling is presented and the simulated results of the model are compared to practical outcomes of real duplicate pairs drawn from multiple sample lots. The goal of the work is to present a more informative analysis of duplicate sample data from multiple lots which may allow a more informed view of the potential for bias generating errors during sample preparation and processing.

Aug 22, 2011

By A G. Grice

WMC Resources Pty Ltd û Copper Uranium Division operates the large underground Olympic Dam Mine at Roxby Downs, South Australia. These operations mine and process the ore to produce refined copper, uranium oxide, gold and silver. In mid-1996, the company committed to the Olympic Dam Expansion Project (OEP) to expand production from 3.0 million tonnes per annum of ore (85 000 tonnes per annum of copper metal) to over 9.0 million tonnes per annum of ore (over 200 000 tonnes per annum of copper metal). Along with the increase in the ore production capacity of the underground mine and the surface ore handling and processing facilities, expansion of the backfill system was required. The target backfill placement rate was 2.0 million cubic metres of backfill per annum which was to be predominantly delivered as cemented aggregate fill (CAF). This paper discusses the engineering activities undertaken to assess and change the method of designing the required strength of fill exposures. In addition, the operational changes that were introduced to achieve the required fill quantities and the mix designs to meet the specified strengths, including the use of alternate binders, are discussed. This work resulted in a large increase in the fill placement rate and a reduction in the overall unit cost of fill.

Jan 1, 2000

By R G. Skirrow, M Cooper, J Claoué-Long, K Czarnota, H Dulfer, J Thorne, D C. Champion

"An EXTENDED ABSTRACT is available for download. A full-length paper was not prepared for this presentation. Tholeiitic intrusion-hosted nickel (PGE-Cu) sulfide deposits are under-represented in Australia’s inventory of known resources of this deposit type, relative to regions globally with comparable geology. To support discovery of major new deposits, a continental scale analysis of Australia’s potential for tholeiitic intrusion-hosted nickel (PGE-Cu) sulfide deposits is being undertaken. The analysis applies a mineral systems approach to map the four essential components of the ore-forming systems:1. sources of ore constituents2. crustal and mantle lithospheric architecture3. energy sources or drivers of the ore-forming systems4. gradients in ore depositional physico-chemical parameters.The results reveal several regions of Australia with potential for discovery of large tholeiitic intrusion-hosted nickel (PGE-Cu) sulfide deposits, mostly around the margins of Archean and Proterozoic lithospheric blocks. These include the south-east and northern margins of the Yilgarn Craton, the south-west and south-east margins of the Kimberley Block, the southern margin of the Arunta Province in central Australia, the western flank of the Gawler Craton in South Australia, and possibly some areas within the Palaeozoic Lachlan Orogen of eastern Australia.CITATION:Skirrow, R G, Dulfer, H, Czarnota, K, Champion, D C, Thorne, J, Cooper, M and Claoué-Long, J, 2015. Australia’s potential for nickel sulfide ore systems – a new continental-scale time-space framework for exploration, in Proceedings PACRIM 2015 Congress, pp 679–684 (The Australasian Institute of Mining and Metallurgy: Melbourne)."

Mar 18, 2015

By D Connelly

Silver and gold bearing ore from the Troy Resources NL Casposo Gold-Silver Project, located within the San Juan Province of Argentina contains a complex mix of gold, silver, electrum and silver sulphides in the ore. Casposo is a typical low sulphidation epithermal style gold–silver deposit where mineralisation is hosted within rhyolite – andesite flows and breccias. Veins are typically banded quartz–chalcedony colloform - crustiform banded with quartz - carbonate infill. Mineralisation is associated with an assemblage consisting of quartz, chalcedony, adularia, calcite, illite, sericite and trace sulphides. Gold and silver occur as electrum, native silver, sulfosalts and silver sulphides. This paper presents a case study that describes the process selection, development and engineering of a tailored process plant for the recovery of gold and silver from this ore.The original feasibility study, modelling, metallurgical testwork and engineering studies are outlined. The final flowsheet was based on minimising capital cost, operability, recovery and minimising technical risk.The process flowsheet uses the traditional Merrill Crowe route because of the high silver to gold ratio in the feed and achieves maximum gold and silver recovery while providing a common facility for future ore body treatment.

Aug 8, 2011

Mother Nature controls, technical professionals model and miners decide. Decisions to explore, mine and mill. Mine decisions, mine design, planning and scheduling are subject to the quality of models û geological models, geotechnical models, resource models, density models. The closer these models are to reality, the more accurate the predicted outcome. So why is it we delegate the modelling tasks to the most junior and least experienced people? If we insist on this, we need to support them û to provide them with æexperience acceleratorsÆ. Technical mentoring is the most effective way to provide the right information at the right time. When this information (read skills) is supplied at the right time we can inject experience into the quality of our modelling and into our decision- making processes. The objective of this paper is to share those behaviours and manners that foster relationships and create frameworks for skills and experience transfer. Central to this is an understanding of how adults learn, an understanding of the basic rules of mentoring etiquette, and the three keys to building meaningful mentoring relationships. An understanding of adult learning processes and styles provides a structure within which a mentor can understand the learnerÆs perspective. Understanding the world from the learnerÆs point is critical to selecting the right language to engage, teach and transfer skills. Basic rules of mentoring etiquette like timeliness, respect and trust need to be brought into the consciousness so they can be agreed on and monitored to prevent conflicts in cultural and generational norms between the mentor and the learner.Meaningful relationships hinge on the three behaviours: truly listening, rather than just hearing; understanding the technical issues within the WIIFM (whatÆs in it for me?) question; and facilitative behaviour. Stronger and more meaningful technical mentoring relationships within our industry will bridge the generational gap and ensure we can capture and capitalise on the wealth of grey hair experience and develop an informed group of young decision-makers.

Jan 1, 2006

By DJ McKEE

Process control emerged in the mid-1960s as a new and exciting method of improving the performance of mineral processing operations. The early Australian developments, principally in Broken Hill and Mount Isa, were based on pioneering work in instrumentation, the availability of small digital computers and a particularly effective partnership between companies with technological foresight and University and CSIRO research groups. Initial progress was rapid and within ten years many plants were committed to process control. Process monitoring is now routine and most circuits have some level of control. However, few plants have comprehensive optimising control systems as the difficulty of developing control strategies which can cope with the wide variety of conditions encountered in most mineral plants has been fully appreciated. This paper summarises past experience and assesses the degree of application of different forms of process control in metallurgical plants. Barriers to the effective utilisation of opt rising control are identified and some suggestions for advancing the application of control are made.

Jan 1, 1992

In mining industries, materials loading and handling costs represent a significant component of the total (capital and operation) costs. A variety of methods have been applied in surface mine equipment selection in order to select the suitable loading and haulage system with the lowest total cost. The optimal size and number of equipment calculation are very important task for mining engineering because loading and haulage equipment are major proportion of open pit mining cost. Capital and operating cost are considered in objective function with respect to interest rate, insurance and tax in non-linear form. Shovel and truck annual productivity constraint, fleet matching constraint and number of truck per shovel constraint are incorporated in this optimisation problem with continuous variables. This formulation will yield total cost minimisation per hour and good accuracy compared to previous methods.

Dec 6, 2010

By F Flitti, M Haest, O Dominguez, D Mittrup, G Hird

The automated geology interpretation (AGI) tool has been developed in BHP Billiton to automate stratigraphy logging of drill holes, using any available quantitative data sets. At present, AGI is set-up to utilise geochemistry and mineralogy from infrared spectroscopic data to predict stratigraphy. Once the AGI tool is calibrated, results show that the tool is capable of automatically defining stratigraphy across all of the deposit types, encountered by BHP Billiton Iron Ore in the north-west of Western Australia. Accuracy of AGI at predicting stratigraphy is on average better than 75 per cent, with average accuracies exceeding 85 per cent for some deposit types. The AGI tool can deliver fast, accurate, consistent and objective geological interpretations.AGI is currently being implemented in BHP Billiton Iron Ore Exploration to streamline the drill hole logging process and allow geologists to spend less time defining stratigraphy at the drill hole level and more time investigating stratigraphy in 3D. This will deliver improved geology models, with significant downstream benefits in terms of better resource models, more accurate mine plans, higher plant efficiencies and more consistent ore products, driving productivity in BHP Billiton Iron Ore over the next decade.CITATION:Mittrup, D, Flitti, F, Hird, G, Haest, M and Dominguez, O, 2015. Semi-automated geological interpretation using assay and infrared spectroscopic sensing parameters towards improvements in geological modelling, in Proceedings Iron Ore 2015, pp 313–318 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Jul 13, 2015

This paper reviews rehabilitation, closure, and post-closure management of the Tui, Golden Cross, and Martha Mines, all of which are located in the Waikato Region of New Zealand. There was no requirement for rehabilitation of the Tui mine, which was abandoned in 1973. There was a requirement to rehabilitate the Golden Cross mine. Mining at that site ceased in 1997, and rehabilitation is now well advanced. When first approved, there were some requirements for rehabilitation of the Martha Mine, but when reconsented in 1998, those were extended, and in addition a requirement for post-closure management was included. As a result, a Trust, funded by the mining company, has been established to take long-term responsibility for the site following completion of closure. The different rehabilitation/closure requirements at each of these sites illustrates that we have learnt something from the experiences of the past.

Jan 1, 2003

By P M. Hetherington, F A. Pym, M P. Murphy, K E. Crook

Consultants in the mining industry have the opportunity to visit interesting deposits all over the world. Each deposit has its own set of challenges to face when it comes to defining and understanding the deposit geology and the economics to make it viable for extraction. Some of the challenges can include appropriate data capture, sampling techniques, structural characteristics, geochemistry, geophysics, lithology definition, and economic boundaries. It is essential that the practices used at each deposit (eg drilling, sampling, geological modelling, resource estimation etc) are documented and the results obtained are robust and defensible. The Competent Person is not always aware of instances where their resource estimation practices have not been substantiated. ‘You don’t know what you don’t know’ is a phrase frequently used during a mineral resource audit. Technical work to substantiate drilling, sampling, density, assaying, geological modelling and estimation processes is not always completed. Audited Competent Persons often comment: • ‘I was unaware that this was required.’ • ‘I have not had training in this area and do not know how to complete the checks required.’ • ‘This is how we’ve always done it.’ Examples of audits where it was found that geological practices were not substantiated are examined here. A discussion is included on why substantiation of these practices is important, and potential reasons as to why there are instances of unsubstantiated processes and practices are discussed.

Mar 22, 2022

Simple parameters, capable of easy observation on-site under operating conditions without interruption to production, are outlined for the operational assessment of underground conveyor systems. Recording techniques, methods of analysis and deduction of operational characteristics are discussed for batch inputs to several points of a multiple belt conveyor system with limited inter-belt storage capacity. Particular attention is given to input and output load- time distributions, utilisation of inter-belt storage capability and system shutdown behaviour. Actual data, observed for a transfer feeder located between two trunk conveyor belts in an underground coal mine, is used to illustrate the operational assessment of an underground system. Load sensitive feedback systems-are briefly considered.

Jan 1, 1982

By B Chapman, B Gaida, L Drowley

The 372 MW Ulu Jelai Hydroelectric Project is a peaking power scheme located in the Cameron Highlands, Malaysia. The main features of the project include an 84 m high roller compacted concrete dam; two weirs which divert flows from adjacent catchments via transfer tunnels into the main reservoir; an underground power waterway; and an underground power station complex comprising three large caverns with connecting tunnels approximately 240 m below surface level. The project includes approximately 25 km of tunnels excavated in fresh granite rock mass with some distinct shear zones of weaker material. The majority of the tunnels are being excavated using drill and blast, with the two transfer tunnels being excavated with a tunnel boring machine (TBM).This paper focuses on the design and construction of the Telanok underground power station complex and also some aspects of the design for the headrace tunnel. Topics covered include geological site investigations including in situ measurements of rock stresses; development of a geological model and parameters for rock support design; three-dimensional modelling to assess interactions between the caverns to optimise rock support; design of a rock anchored crane beam; construction of the caverns and design of the unlined headrace tunnel taking into account hydraulic jacking and operational pressure fluctuations.CITATION:Drowley, L, Gaida, B and Chapman, B, 2014. Design and construction of large caverns in granite – Ulu Jelai Hydroelectric Project, Malaysia, in Proceedings 15th Australasian Tunnelling Conference 2014 , pp 361–368 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Sep 17, 2014

By H J. J Boshoff

Mine closure planning integrated into life-of-mine (LOM) planning during the operational phase consists of many subcategories. One of these subcategories that needs to be fully integrated into the LOM planning is that of water management planning. Issues arise when mine water management infrastructure, which is required post-mine closure, is only considered closer to the end of LOM. Once the mine is closed monitoring is focused on water quality as an indicator of closure performance, hence inadequate upfront post-mining water management planning or integration into operations will result in environmental harm. The lack of considering post-mining water management is not uncommon in LOM planning. Poor mine site water management and planning are a wide reaching problem for the mining industry. Numerous active mines have been issued with environmental notices and penalties for contaminated water discharge; including issues with abandoned mines now being cared for by governments all over the world.Mitigating sources of water contamination caused by existing and closed mine sites that are leaching pollutants might be impractical, due to inaccessibility to the contaminants or final landform topography. The opportunity to consider and introduce post-closure required mine water management infrastructure is lost once the waste facilities are constructed. Mitigating contamination is made more problematic with mines located in remote areas, serviced by dedicated roads, water supply, electrical supply, etc. It is expected that these services will be decommissioned or drastically reduced, once closure is reached making remedial work much harder. Inadequate planning, to ensure access and easily maintainable water management infrastructure, could lead to erosion and contamination going unnoticed. There are numerous examples of poor mine water management practices in Africa, Asia, Australia, South and North America. In the United States more than 23 000 km of streams are affected by pollution sourced from some 50 000 abandoned or mature mine sites (DeGraff, 2007).CITATION:Boshoff, H J J, ?2014. Inadequate water management planning resulting in long-term closure liabilities, in Proceedings Life-of-Mine 2014 , pp 233–246 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Jul 16, 2014

By S B. Fitch, S A. Wilson, A J. R Barr, P R. Searle

Improving the safety culture and performance of any operation is a fundamental goal of every mine operator. Methods of implementing, or changing a culture have developed from the early methods of operant conditioning, for example rewarding crews for achieving nominated safety milestones i.e. 3 months Lost Time Injury (LTI) free through to the current model of engaging a workforce through education and empowerment. As a large scale and mature operation with multiple contractors, Telfer has been exposed to numerous programs throughout its history. This has provided the opportunity to build on and complement these systems by integrating key elements from each. SAFE 360° is a new approach developed to engage the workforce in a holistic approach to encourage positive behaviours across all facets of an individual’s life which results in a focus on situational awareness at all times, rather than being workplace specific. It is based on three key modules: • Emotional Intelligence • Mindfulness • Situational Awareness Each module has a series of modules that help enhance the individual’s sense of self, leading to an ability to self-reflect and self-manage whilst empowering them with the moral courage to challenge their peers to raise standards. Since commencing this SAFE 360° behavioural safety risk management journey in November 2017, we have witnessed a change in the way our workforce engages with each other, their workplace and with management. There has been an increase in hazard perception, identification and ownership of issues, and we have seen a significant decrease in site TRIFR rate from 13.7 to 5.7 (as of April 2019). This paper will provide an overview of the program, how it has been implemented, case studies to demonstrate outcomes and KPIs used to measure effectiveness.

Mar 15, 2021

Core samples, which were collected by the author from the Busang prospect, East Kalimantan, reflect a progressive evolution of a large magmatic-related hydrothermal system that is comparable to that encountered in many similar systems elsewhere in the Pacific region. The initial, localized deposition of sheeted porphyry quartz-molybdenite veins took place at high temperatures and fluid salinities, and at relatively deep levels. This was followed by an extensive phase of phyllic (sericite-quartz-pyrite ¦ tourmaline-apatite) wallrock replacement and vein formation. Propylitic (epidote-chlorite-carbonate-quartz) alteration was formed marginal to the phyllic assemblages. These porphyry-related events were centred in the Southeast Zone, and are probably associated with the emplacement of a felsic intrusion at depth. This event contributed only trace gold to the system. The early stages of hydrothermal activity were followed by an episode of quartz (¦ adularia) û carbonate û base metal sulfide veining, which was accompanied by argillic (illitic-kaolin clay) wallrock alteration. This event was sulfide-rich in the Central Zone and carbonate-dominated in the Southeast Zone. Gold mineralisation was observed in Central Zone drillcore to be associated with both sulfide, as well as carbonate, deposition. A final stage of epithermal-style quartz ¦ stibnite û realgar veins are, in the Central Zone, locally gold-bearing. The latter two events are interpreted to be associated with the late-stage exsolution of metal-bearing brines from the felsic intrusion that formed the earlier porphyry quartz-molybdenite veins and widespread phyllic-propylitic alteration.

Jan 1, 2002

By M P. Murphy, C M. D Barton

When developing a new underground mine, the geological interpretation that guides the mineral resource is crucial to the preparation of a reliable ore reserve. In preparing a robust geological model to underpin a resource estimate, practitioners must weigh the comparative risk of accepting a relatively wide-spaced drill hole pattern, versus a more close-spaced pattern that ensures a high local geological confidence for mine planning but may have an exponentially increased time and monetary cost. This paper details the authors’ investigations into the geological uncertainty of IGO’s Odysseus Deposit, which is approximately 645 km north-east of Perth, Western Australia. At Odysseus, the komatiitic nickel sulfide mineralisation is irregularly cross-cut by nickel-barren pegmatites that have intruded and offset its thick ultramafic orebodies. These pegmatites generate significant uncertainty in the precision of Odysseus’ resource volume and tonnage estimates, as well as the subsequent quantification of pegmatite mining dilution in its ore reserve. To quantify the geological uncertainty in the pegmatite interpretations, IGO’s mineral resource practitioners prepared several geological risk studies over the Odysseus North lode, which is the lode most affected by the pegmatites. These studies included categorical conditional simulation of the pegmatites, preparing implicit geological models with alternative algorithms, trialling a machine learning application to prepare a maximum likelihood geological model, and finally assessing the early results of the pre-production close-spaced drilling to these different models. To assess the precision of the different single-outcome models, the authors’ compared the estimated pegmatite content of each model to the range of possibilities modelled by categorical conditional simulation within the planned stopes at Odysseus North. An estimation confidence score for each modelling method was then prepared for each alternative single-outcome modelling method. From these studies IGO concluded that a close-spaced drill pattern is essential at Odysseus, supporting the view of the Competent Person in 2017 who proposed a 25 m drill spacing in areas affected by pegmatite which had been partially classified as Inferred.

May 24, 2023

By L Lachance, F Flament, D Leroux, S Gariépy

The pervasiveness of poor sampling practices in and around mineral processing plants could seem intriguing in view of the various documented evidences both for causes and consequences. To this extent, this paper revisits the well-documented but lesser-known fact that failure to care sufficiently about how samples are selected and managed is the mother source of almost all sampling biases. The authors believe that the potentially huge leverage between causes and consequences as well as the diversity of people involved in sampling call for a globally integrated solution rather than for a point solution. Such a globally integrated solution has already been put forward by the AMIRA P754 Metal accounting – code of practice and guidelines (AMIRA, 2007) that inherently requires accuracy to be targeted, measured, reported and managed. Furthermore, always in order to avoid a point solution, several layers of protection against biases must be put in place with each one involving a different ownership whenever possible. This is exactly the role intended by the supervisory bias detection method described in this publication. It is based on the continuous monitoring of the expected value of reduced residuals obtained from statistical data reconciliation conducted in a metal accounting context. This supervisory bias detection method is developed in full details after which Monte Carlo simulations are done on a mineral processing plant example for showing how it can be successfully applied for detecting hidden biases.CITATION:Lachance, L, Leroux, D, Gariépy, S and Flament, F, 2014. Detecting sampling biases in metal accounting, in Proceedings Sampling 2014 , pp 109–120 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Jul 29, 2014

By S Juras

The terms measured resources and proven reserves denote the highest level of estimation confidence in all of the major classification schemes. But what do they really bring to today’s project or mine with respect to production planning and expectations? Initial reserve declaration does not need measured resources, just indicated resources. Economic viability of a project is assessed on total reserves with nary a bonus for the amount of proven reserves. Production plans are based on grade and tonnage goals that may only coincidently correspond to proven reserves. So are the measured and proven categories still relevant? Historically, and almost exclusively in underground mines, companies only allowed mining in areas of proven reserves. Some companies still follow that philosophy. But many others will mine a mixture of probable and proven reserves without hesitation. Also what of the undeveloped project in a new district – what is to be made of their declared measured resources and proven reserves? Measured resources are commonly set either by some type of proximity to data scheme or a matter of ‘feel’ based on the qualified person’s experience. The parameters for reserve conversion focus on the project as a whole and then a portion becomes classified as proven reserves almost solely based on whether the resource category is measured. So should the mining industry continue to use these categories of resource and reserve classification? This paper will present arguments about making these categories once again more relevant. A more disciplined usage of these categories may re-introduce their relevancy in public disclosures of resources and reserves. As well a more consistent usage in operations may lead to increased confidence in managing production targets and costs.

Aug 22, 2011