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By J. Gurland

A method of measuring the degree of contact between grains of 1 phase in multiphase alloys is derived. It is shown that the number and the areas of contacts between grains can be determined by metallographic analysis. Relations between the area of contact, the dihedral angle, and the mean free path of spherical grains are developed. It is often desirable to interpret the mechanical behavior of alloys in terms of structural features observed under the microscope. A quantitative description of microstructures of multi-phase alloys requires consideration of geometrical and topological factors such as the amount, size, and shape of grains and the continuity of the constituent phases. The number and dimensions of grains may be metallographically determined by applying the methods described by Smith and Guttman1 and by Fullman2 in their papers on the measurement of particle size and internal boundaries in opaque bodies. The present work intends to show that the same methods can be used to evaluate some of the parameters of phase continuity; namely, contiguity, number of contacts, and areas of contact of grains of 1 phase. Application of these concepts may be found in such problems as the calculation of electrical conductivity of 2-phase alloys, or the evaluation of the length of fracture path through grains of a brittle phase more or less dispersed in a matrix. I. DEFINITION The following definitions and derivations are based on 2-phase alloys, of which the units of the microstructure are grains. Contiguity is defined as the average fraction of surface area shared by 1 grain of a phase with all neighboring grains of the same phase. In a 2-phase alloy of constituents A and B, the contiguity of phase B is given by: where Cb is the contiguity of phase B aBß is the average area of contact between a grain of phase B and adjacent grains of phase B, aAB is the average area of contact between a grain of phase B and adjacent grains of phase A. The contiguity is a measure of the average degree of contact between grains of phase B in the 2-phase mixture. The ratio varies from 0 to 1 as the distribution of phase B changes from a completely dispersed to a fully agglomerated structure. Smith and Guttman1 have shown that the relative areas of 2 kinds of interfaces in a volume are directly proportional to the number of interfaces of each type intersected by a random line. The lines can be drawn on metallographically prepared surfaces as long as these are random sections through the sample. The contiguity ratio of phase B then becomes: Cb = 2NBB/NAB + 2N BB [2] where: NBB is the number of interfaces between grains of phase B intersected per unit length of random line. Nab is the number of interfaces between grains of phase B and grains of phase A intersected per unit length of random line. The factor 2 arises in Eq. [2] because each interface B-B is associated with 2 grains of B-phase, whereas the interface A-B involves only 1 grain of B-phase. The calculations of contiguity do not require any assumption as to volume fraction, particle size, or particle shape. Fullman2 gives an expression for the determination of the mean free path between particles. The mean free path PB between grains of phase A, i.e., through grains or agglomerates of phase B, may be found from the relationship: PB =2fB/NAB [3] where fB is the volume fraction of phase B. The calculation of the mean free path is independent of grain shape and grain size distribution. The calculation of the number of contacts and of contact area requires assumptions of grain shape, grain size, and contact shape. In the case of uni-

Jan 1, 1959

Effect of Matching Relationship Between Bubble Size and Particle Size on Kaolinite Flotation

Sep 13, 2010

The methods and equipment developed and used at the Mount Isa mine to obtain samples of uncemented hydraulic fill lying above major horizontal pillars are described. From existing underground development, samples were obtained at distances up to 50 m, of which up to 30 m was through hard rock. Samples were used to predict fill behaviour as it affected mining security during recovery of the pillars.Specialized equipment for difficult sampling situations and also other sampling exercises are described.

Jan 1, 1976

By D Crequer

A Peer Review Panel for the Golden Cross Mine in the upperWaitekauri Valley, Coromandel was initiated in December 1989, before mining, as a requirement of the conditions of the Mining Licence and Water Rights. The panel's function is as a technical audit and advisory team - to provide independent technical review of design, construction, and execution of mining operations, slope remediation works, and reclamation/mine closure activities. The primary role of the panel is to act in the public interest by providing assurance to regulating authorities that the design and application of on-site mining operations accords with 'good industry practice'. Panellists are not involved in design nor as advisers, although until 1997 when explicit terms of reference were written, the panellists were a sounding board for some operational proposals. The panel functions to ensure that best mining industry technical standards are met. The costs of the peer review process are met by the mining company. Review of mining operations includes environmental matters such as land rehabilitation and water quality. The focus of this paper is on the process of peer review for environmental management factors rather than for structural and mine engineering.

Jan 1, 1998

By William Paxton Hewitt

In the Santa Eulalia mining district, Chihuahua, Mexico, the main mineral zone occurs in a gently warped dome with simple associated structures and contains orebodies distributed through a vertical range of over 900 m. The stratigraphy of 1945 m of geologic column is described and an abrupt shrinkage is documented in the volume of limestones immediately associated with large orebodies. Termed collapse, this shrinkage occurred during the course of mineralization. Contacts of limestone with igneous sills, and 366 m of fossiliferous limestone beds, particularly the main fossil bed, have been important localizers of ore-bodies. Up-dip gravitational controls may have been important. Fractures have exerted only local controls and over short distances. Thrust zones have displaced diabase sills and in turn have been intruded by upper members of a group of rhyolite porphyry sills. Mineralizers were related to the rhyolite porphyry, and ore has been introduced to the limestone where certain sills lie between the displaced segments of diabase and have been cut by north-south fissures. Speculations are raised that fields of unreleased strain may have influenced orebody locations; the district's zoning pattern may be a reflection of the filtering effects of large volumes of limestone; and that metal-rich brines mobilized by or incorporated within the invading porphyry might be the source of the mineralizers. PRODUCTION AND LOCATION The Santa Eulalia district has a production record approaching or exceeding 35 million tons of silver-lead-zinc ore from replacement bodies in limestone. In operation since the first years of the 17001s, production has been confined to two intensely mineralized areas separated by 2 km of barren limestone, the West Camp and the East Camp. Probably 50% has been mined since 1908, with over 90% from the West Camp. The West Camp, exploited through a vertical depth of 1945 m and now approaching exhaustion, is the subject of this paper. The district lies in the northern part of the Santa Eulalia Mountains in central Chihuahua in northern Mexico, 400 km south of El Paso, Texas, and 22 km southeast of Chihuahua City. Dominating the northern part of the range is the Cerro de Santa Eulalia, a broad rolling upland which contains the district's West and East Camps. The West Camp, on the west side of the range, centers around the village of Santo Domingo, which is 2 km northeast of the Real de Santa Eulalia (Fig. 1). REGIONAL GEOLOGY Thick-bedded middle Cretaceous limestones, probably Aurora, form the great bulk of the Cerro de Santa Eulalia. These beds, warped into a gentle dome, are severed on the west by a faultline scarp and truncated on the north by the Dolores Pass, a wind gap that

Jan 1, 1969

By A. P. Chaves, D. Jose Neto, M. G. Bergerman, E. S. Mano

"More complex ore comminution and concentration operations have found increasing application in the mining industry due to lower grades and higher complexity of the available ores. An alternative to coping with the higher capital and operating costs of ore processing plants is the use of pre-concentration stages. They allow removing a significant mass of material with little or no content of the relevant mineral before the ore is fed into the processing plant, with the consequent reduction in the mass to be processed in downstream operations. Significant benefits arise out of the use of pre-concentration, such as higher contained metal output without the need to increase the grinding or flotation capacity, and longer mine life. The grade of marginal ores could be enhanced to a level that would make their exploration economically feasible, which would result in increasing exploitable reserves. Nevertheless, few studies to date have assessed the resulting impacts on ore grinding energy consumption and wear after the gangue is removed through pre-concentration operations. This study evaluated the energy consumption and wear of grinding circuits in Brazilian mining operations in which the feed has gone through a pre-concentration stage. Such assessment was based on different samples of sulfide and oxide ores. Laboratory tests were carried out to investigate the power consumption and wear of grinding circuits with and without a pre-concentration stage. Laboratory test results were used to simulate industrial grinding circuits based on both alternatives and illustrate the environmental and economic benefits of each one.INTRODUCTION Increasingly complex ore concentration operations in several stages have found broadening application in recent years in view of lower grades and higher complexity of the available ores. An alternative to coping with the higher capital and operating costs of ore processing plants is the use of pre-concentration stages. Different ore processing technologies can be used for that purpose, such as magnetic separation, density segregation, and separation methods based on high-tech sensors (ore sorting). Currently, the most common methods are gravimetric processes, in view of their low cost, particularly jigging and dense medium separation methods, such as the drum and cone separators manufactured by Western Machinery Company, Teska, Drewboy, Norwalt, Dynawhirlpool and Tri-flo, and dense medium cyclones (CAMPOS; LUZ; BRAGA, 2010). The use of dry ore sorters has also grown significantly in recent years (Jose Neto et al. 2017). The selection of the separator type depends essentially on the ore particle size, required flows, and operating density ranges. All these methods may even be used after preferential blasting in mining (Grigg & Delemontex, 2015)."

Jan 1, 2018

By Mario Terceros H, Bengt H. Fellenius

"ABSTRACTThe city of Santa Cruz, Bolivia, is historically dominated by houses and three to five storey buildings.The geology in and around the city is such that even very light buildings need to be supported onpiles. The recent increase of the Bolivian economy, notably that of Santa Cruz, has created a demandfor new residential as well as office and industrial buildings, which mostly consist of multi-storey orhigh-rise buildings with significantly larger foundation loads. Foundation piles have become largerand longer, and the load on individual piles is increased. The development has resulted in an increasein the demand for more sophisticated design and construction methods and stricter approach toverifying the quality of the construction processes and results.This paper describes to geology of the Santa Cruz region and how the geotechnical conditions areconsidered in the design and construction of piled foundations. The improvement of past constructionand design techniques, based mostly on bored piles constructed with bentonite slurry, is beingreplaced with new methods of constructing bored piles, e.g. the Full Displacement Pile (FDP) andincorporation of techniques such as enlarging the pile toe, e.g., with the Expander Body. This paperpresents the results of several full-scale tests and discusses the incorporation of the test results indesign and construction.1 GEOLOGY OF THE REGIONSanta Cruz de la Sierra is located in the eastern lowlands and sub-Andean zone of Bolivia, SouthAmerica. The area lies at an elevation of about +400 m and the geology is a Paleozoic (250 millionyears old) sedimentary basin. The soils of interest to civil engineering construction are quaternarywith the dominant minerals being calcite, silica and feldspar. The main agent is the Piray River and itstributaries. Their past meandering over the area has resulted in a sedimentation-erosionsedimentationprocess and a profile dominated by fine to medium sands with intermittent layers ofclay or clayey sand. With increasing distance from the river, the clay-containing layers are thicker.Fig.1.- View of Bolivia with location of Santa Cruz and map of Santa CruzThe upper about 15 to 18 m thick part of the profile consists of normally consolidated layers of clays,silts, sands, in various combination and thickness. Below, the soil is more homogeneous and consistsmostly of sand and gravel. The groundwater table lies typically at a depth of about 6 m in the highestpart of the city and at about 1 to 3 m depth in the lowest part of the city."

Jan 1, 2014

By Richard Weinstein, Richard Snoby

There are many advantages to upgrading coal with dry jigging technology. The most obvious is the lack of process water, which eliminates the need for fines dewatering and slurry confinement. Dry jigging eliminates the clean coal moisture penalty associated with wet processing. Particulate emissions are virtually nonexistent due to inclusions of fabric dust collectors on all modern dry jig plants. Because of the environmentally friendly nature of dry jig plants, installation permits are often measured in days, not months. There has also been a fundamental advance in dry jigging efficiency. All of these advantages have renewed the coal industry’s interest in dry jigging. But air jigging is not right for every application. There are limitations due to particle size, particle shape, moisture and near gravity content. This article explores the evolution of dry jigging. It reviews parameters important for determining the suitability of dry jigging. It also compares historical performance data as measured by imperfection, against results from modern dry jigging technology. The article also presents data from modern dry jig installations.

Jan 1, 2007

By Morgan W. M

It is not the primary object of this paper to treat with the scheme of prospecting in detail, but it is considered that a brief description of the broad lines is necessary so that the significance of the points to be discussed later may be appreciated.The finding of payable gold reefs on the Bendigo field resolves itself into a two-fold problem, firstly the location of quartz bodies, and secondly the location of gold shoots in such bodies. The country rock of the field has been folded and faulted, and the occurrence of known reefs is associated with the fold axes and the faulting. The "lines" of the field are the anticlinal axes, and practically all known reefs are at or near centre country. Very little work has been done on the synclines, which may have some potential value.Quartz has been introduced along the fracture systems, and gives rise to the three main types of reef met with on the field, namely, the "back," which is similar to a bedded quartz reef and is formed along a bedding plane fault; the "saddle," which forms at the crest of the anticline and has the typical shape from which it takes its name; and "spurs," which are irregular masses of quartz, making off reefs of the first two types.As the fracturing throughout the field is widespread and fairly intense, the first problem, that of finqing quartz, is comparatively simple, and any regular system of blocking out the ground will be productive of quartz bodies.*Field Superintendent, Bendigo Mines Ltd. Assistant Field Superintendent, Bendigo Mines Ltd.

Jan 1, 1936

By Muhammad Azeem Raza, Samuel Frimpong

Underground mining environments are inherently hazardous and can lead to emergencies where effective rescue and self-escape become critical. Missouri University of Science and Technology is pioneering new technologies for effective self-escape. The rescuers and miners need to be trained in these new technologically driven environments. Previous research in fields like aviation, medical surgery, and oil and gas drilling has demonstrated the effectiveness of virtual simulation training, but the mining sector has yet to fully adopt advanced tools such as eye-tracking and immersive training modules. This research proposes a comprehensive training infrastructure incorporating these technologies to enhance situational awareness and decision-making during emergencies. The novelty lies in the application of advanced miner escape and communication technologies, specifically designed to monitor and enhance cognitive responses in high-stress situations. By leveraging these technologies, the proposed training infrastructure aims to prepare the next generation of underground miners and operators, by equipping them with the necessary skills to manage emergencies effectively.

Feb 1, 2025

The Bulli and Wongawilli Seams, the two principal sources of coking coal for the Port Kembla steelworks of Australian Iron & Steel Pty. Ltd., vary in rank and in type over the Southern and South Western Coalfields.The Bulli Seam, ranging widely in type, produces coke varying from weak to strong. The Wongawilli Seam, more consistent in type, produces coke of more consistent strength, but considerably less strong than that from the best Bulli Seam coal.Plans of seam variation show the regional trends in rank and type for each seam.The strongest coke is derived from coal containing between 45 and 55 per cent vitrinite, m.m.f. This is obtainable from the Bulli Seam in a zone embracing Bulli and Appin collieries.A satisfactory correlation is achieved between vitrinite content and coke stability and hardness, enabling prediction of coke strength for Southern Coalfield coals.The use of vitrinite reflectance, as an indicator of rank, in addition to type to predict coke strengths is at present hampered by lack of data, particularly in the South Western Coalfield. Nevertheless, data available at present allow the use of both variables and give better correlations with coke strengths than type alone.A spread of comprehensive data across both coalfields will enable advance assessment of cokes produced from coals having known rank and type. Blending to a ranktype specification for optimum coke strengths would allow the best use of the coal reserves of the coalfields.

Jan 1, 1969

By A. E. Anderson, H. J. Hilll

Laboratory data for 155 field muds and 77 .shales have been used to develop correlations to estimate the net streaming potential component of the SP. Analysis of these data and comparison with field tests show that streaming potential corrections must be made to obtain an accurate estimate of the electrochemical potential for use in the determinntion of formation water resi-iiviy. The self-potential curve is related to formation water resistivity, and considerable effort within the oil industry has been directed toward clarifying this relationship. The Schlumbergers and Leonardon1,2 recognized that two types of potentials, electrochemical and electro-kinetic, resulted in the net potential variation in the borehole. Most of the later papers have dealt with the electrochemical component and its controlling parameters. The investigations of Wyllie,2" Salisch' and Moore5 provide the most extensive sources of data on streaming potentials across mud cakes. These authors observed streaming potentials of sufficient magnitude to be of critical importance in SP interpretation, if it is assumed that streaming potentials develop only opposite permeable beds. Streaming potentials across shales have been reported by Schenck and by Gondouin, et al.7 Since SP magnitude is the difference in potential opposite shale and sand beds, these authors suggested that the net streaming potential component may be negligible. The present investigation was initiated to evaluate empirically some of the parameters controlling the magnitude of the net borehole streaming potential and to determine whether useful relations between mud properties and net streaming potential could be established. Field muds were used in this investigation. These muds were characterized by the amount and type of chemical treatment utilized for five days before Sampling. Filter loss, mud resistivity, mud density and filtrate resistivity were determined for each mud with conventional methods and apparatus. Mud filtrate pH was estimated with Hydrion pH paper for the appropriate range. Streaming PotentIals Across MuD Cakes Commercial calomel-saturated KC1 electrodes are subject to potential changes attributed to contamination of the very small fiber-tip bridge by particles of clay from the drilling mud.3 To minimize this difficulty, a large diameter bridge (Fig. 1) was constructed with saturated KC1-agar gel and a filter disc of microporous porcelain. Experiments showed that streaming potentials across this bridge are less than 0.2 mv at pressure dif-

By J. Torma-Krajewski, C. Hipes

Many mining companies apply ergonomic principles, but it is done either informally and/or reactively. Examples of an informal approach include replacing worn equipment, such as seats, with models that have ergonomic features, or modifying tasks to eliminate safety hazards that will also reduce risk factor exposures that may result in musculoskeletal disorders (MSDs). A reactive approach is followed when modifying a task/equipment after an MSD occurs. Neither one of these approaches involves a systematic method of proactively applying ergonomic principles to actually prevent injuries or illnesses. This paper will discuss how Vulcan Materials Company applied ergonomic principles and the interventions implemented to reduce risk factor exposures.

Jan 1, 2007

By Rosana Silva Xavier

Compósitos magneto-elétricos (ME) combinam fases magnetostrictivas e piezoelétricas e podem ser utilizados na geração de energia a partir de vibrações e campos magnéticos presentes no ambiente, sendo também aplicáveis em sensores de campo magnético e em redes de sensores sem fio. Neste trabalho, um compósito ME foi processado pelo método cerâmico com 15 vol% CoFe2O4 (ferrita de cobalto) como fase magnetostrictiva e 85 vol% BaTiO3 como fase piezoelétrica. É mostrada a relação entre os parâmetros de processamento/sinterização e a microestrutura do compósito ME, com três tipos diferentes de arranjo das fases: particulado (obtido por dois diferentes métodos) e em camadas. Foram compactadas pastilhas dos compósitos para sinterização nas temperaturas de 1.200ºC, 1.300ºC e 1.400ºC por 4h, sendo que ocorreu a fusão da pastilha sinterizada a 1.400ºC. As amostras sinterizadas foram observadas em microscópio eletrônico de varredura (MEV), onde foram analisadas as características de porosidade, tamanho de grão e a distribuição das fases na microestrutura. Foram realizadas também análises cristalográficas por difração de raios-X (DRX), de espectroscopia RAMAN e de espectroscopia de energia dispersiva (EDS). Foram relacionados os parâmetros de processamento utilizados com os resultados obtidos.

Aug 8, 2018

By U. B. Kodukula

Attempts are made to evaluate the feasibility of using a water-injection cyclone for the concentration of iron ore fines. The separation characteristics of clay fines, containing large amounts of alumina and silica, from the iron values are discussed. The effects of critical variables, such as injection water rate, truncated cone diameter, spigot opening and vortex finder diameter, on the performance of a water-injection cyclone in terms of iron, alumina and silica grades; iron recoveries; and alumina and silica rejections are discussed. A set of 16 full-factorial experiments (24) was carried out to gain an understanding of the individual and interaction effects of the variables. The results indicate that classifying iron ore fines containing 63.0% iron, 2.5% alumina and 3.5% silica through a water-injection cyclone can produce concentrates with iron grades greater than 66.0% and alumina and silica contents less than 1.5% and 2.0%, respectively, at different study conditions. The achievable iron recovery values are greater than 88%, and alumina and silica rejections are more than 80% and 50%, respectively, within the specific study conditions. While the truncated cone diameter, injection water rate and spigot diameter influences the alumina rejection to a considerable extent, it is mostly influenced by the vortex finder diameter. The iron recovery and silica rejection values are mostly influenced by spigot diameter and truncated cone diameter. The effect of injection water on the concentration characteristics depend on the prevalent truncated cone diameter and spigot diameter conditions.

Jan 1, 2008

By I. P. Barbosa, P. S. M. Soares, I. O. C. Masson

"Permanent magnets have been applied extensively to several electronic products such as printers, TV sets, microphones, microcomputers and headphones, presently manufactured in large scale by industrial economies. Sm-Co alloys represent about 20% of the world market for permanent magnets and their industrial processors generate 20-30% of magnetic scraps which can be recycled. This paper discusses a process route to recycle SmCo5 using acid treatment, solvent extraction of Sm and electrowinning of Co. The results confirm the feasibility of the alternative proposed. Basic operational variables are suggested as guidelines to design a plant for recycling magnetic scraps.The use of hydrometallurgical processes to recycle scraps from the industry of permanent magnets has been suggested in some recent papers related to recycling of metallic alloys [ 1 ]. These research efforts might be understood as a worldwide tendency towards the development of self sustainable metallurgical processes which mean the reduction of environmental impacts.CETEM -Center for Mineral Technology leads in Brazil several research programs concerning recycling and treatment of industrial residues. The work on samarium purification and concentration by solvent extraction, producing also a solution of cobalt sulfate as partially reported here is one of these programs. Previous results related to the sulfuric acid digestion of SmCo5 are presented somewhere else [2]"

Jan 1, 1997

Filtration of pulps of varying densities is an essential operation in the hydro-metallurgical production of zinc. The use of filters naturally applies only to the "wet" plants, and in these varying types and sizes are in commission. At Risdon, the Moore suction filter is used for the heavier pulps, except in one instance, where a modification of the Butters-Cassell filter is installed.Filter presses are in general use, and of these, one is a washing unit; the plates, and frames are of cast iron or mild steel, except in one case which is a centre feed press having wooden frames.FILTER DESIGNThe problem of filtration presented itself very early in the history of Risdon and the first developments occurred in what was termed the 250 -lb. plant. Here experiments were made with many types of filters, and as this was the pilot plant on which the design of the 10 ton plant (10 tons of zinc per day) was based, quick decisions were necessary.An Oliver type filter was chosen for the heavier pulp or residue, and a Shriver wooden frame filter press for the lighter pulps.To this day, but with a number of variations, filter presses continue to function unopposed in their particular field; however, the Oliver filter was soon superseded because it was found impossible to wash the filter cake efficiently without repulping; consequently its use was abandoned and the Moore filter adopted.Both- these filters have been modified and developed in many ways to meet the requirements of a zinc plant, but they retain their original basic features.

Jan 1, 1949

By José Calderón

Poderosa tiene sus concesiones en las provincias de Pataz y Bolívar en la región La Libertad y son parte de la zona de amortiguamiento (ZA) del parque nacional Río Abiseo (PNRA) y de la zona de transición (ZT) de la reserva de biosfera Gran Pajatén (RBGP). Esta área natural protegida (ANP) es uno de los dos únicos sitios en el Perú que tienen carácter de patrimonio cultural y natural de la humanidad (doble caracterización dada por Unesco). Poderosa ha firmado un convenio de cooperación interinstitucional con el Servicio Nacional de Áreas Naturales Protegidas por el Estado (Sernanp) del PNRA, el mismo que le ha permitido contar con su asesoría, mejorar los instrumentos ambientales y cumplir a cabalidad los compromisos socioambientales.

May 22, 2019

By Jürg Schlumpf

Concrete is one of the decisive construction materials, also for the AlpTransit Gotthard Tunnel. The client has many requirements, and many are the solution possibilities that concrete systems can offer. Cement producers and concrete admixture manufacturers have been challenged to design and test jointly concrete systems for cast and sprayed concrete. The testing operation followed the scenario laid out by the Gotthard AlpTransit Project management?s instructions ?Testing system for concrete mixes.? Various supplier teams have applied for the concrete systems for sections Amsteg/Erstfeld, section Sedrun and/or sections Bodio/Faido and have also followed through with the tests. As was to be expected, the rate of failed mixes matched the level of the requirements. Thanks to this system, it was nevertheless possible to test complete concrete systems for all sections and to get them approved. The joint ventures tendering for the contracts were allowed to include only approved mix designs in their bids. Workability and durability are of paramount importance for cast and sprayed concrete mixes. Durability is influenced by the chosen mix design where binder concept and well-defined water content, i.e., impermeability, are determinant. Aggregates for AlpTransit are to be considered as given. The concrete mix design also determines workability. Because ambient conditions and also requirements with respect to workability are subjected to change, it is necessary that the mix designs include control measures. The choice and number of components for the concrete systems (cement, additives and admixtures) allow adaptation to changing conditions. For AlpTransit such adaptive measures must meet very strict requirements.

Jan 1, 2008

The theme of this paper is the development of-the project feasibility study which includes discussion of the work which is carried out in preparing the project feasibility study, the necessary evaluations and structures that are employed to ensure that not only does the feasibility study itself stand up to scrutiny and is sound, but also that the investment the company is proposing to develop, "the project", is an investment decision which will represent good returns to the company. This theme is particularly relevant when there are competing divisions within the company and only limited cash resources are available to make the correct investment decision. Thus various potential investments may be evaluated against each other to determine which project will be given the go ahead for development. This paper will particularly focus on the various investment analysis techniques that are used and discuss the work that is required in preparing the project feasibility study and specifically the interaction of the project team members and the thought process that must be undertaken to complete the project feasibility study. Finally comments will be made on tax planning issues particularly with respect to taxation of gold production to be introduced in January 1991. Some ideas are presented which may help and possibly improve the financial position of the projects being reviewed. Further, it is suggested that the thought process which goes with the financial engineering aspects of a resource project can be widened to take account of taxation issues and tax planning to ensure the rise of the project feasibility and hence the decision to proceed to development by the project sponsors.

Jan 1, 1990