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By D. M. Abbott

The requirements of the International Mineral Property Valuation Standards Template (IMVAL Template) (includes Petroleum), 4th edition of April 14, 2021, are based on six principles: 2.1.1 competence, 2.1.2 materiality, 2.1.3 transparency, 2.1.4 objectivity, 2.1.5 independence, and 2.1.6 reasonableness. The IMVAL Template describes “reasonableness” as, “The Valuer must ensure the Reasonableness of the Valuation. Any Valuation, assumptions applied, and any method relied upon should be reasonable within the context of the purpose of the Valuation and the Basis of Value. A method applied to the subject Mineral Property should be within the expected capability and consideration of an assumed likely buyer or lessee of the property.” The IMVAL Template’s Guidance 3.6 on Reasonableness states, “The test of Reasonableness is to consider what appropriately qualified and experienced Valuers, acting reasonably, would conclude in the circumstances. The Valuer must form an opinion that is reasonable in the circumstances, that is, what a Valuer believes is rational and plausible in the circumstances and would be viewed as such if considered by other appropriately qualified and experienced Valuers with the same information and at the same time.” Finally, the IMVAL Template’s Definition 4.26 states Reasonableness “[m]eans that other qualified and experienced Valuers with access to the same information for the same Valuation Date and Basis of Value would consider the Valuer's estimate of Value to be within a reasonable range.”

Mar 2, 2022

By Charles Tkaczuk

In order to remain competitive the mining industry must keep up with changes in technology. Many innovative technologies from the mining perspective are commonplace in other industries. A ?Global? review of technologies will often reveal existing technologies that can be innovatively applied in the mining industry. Industries, which are rife with proven solutions include, medicine, biotechnology, security, manufacturing, telecommunications, etc. This paper addresses the communications aspect of mining where greater productivity, lower costs and the ability to quickly react to mining related events is obtained through an increase in remote monitoring and operating control. A review of the communications systems in place globally reveals technologies that, with minimal modification, can be immediately applied to the mining environment. We discuss the concept, advantages and implementation of existing communications technology from an industry that is not usually associated with the mining industry. This technology will form the basis of a solid platform on which can be built a state-of-the-art process monitoring, control, and communication system. This lays the groundwork for providing one solution to the underground mining industry?s most difficult problem, establishing a reliable, maintainable and cost-effective underground bi-directional wired/wireless data, video and analog communications system. We need look no further than our own doorsteps to find such a solution. The cable that you see coming from the simple green or brown box on the boulevard into your home contains hundreds of television broadcast channels, FM radio channels and data channels. And if you have a set-top box, you are in control of it all. The Cable Television Broadcast Distribution System suppliers of today are at the leading edge of converging all the different methods of communications onto a common carrier, coaxial cable or fibre optic cable. There is no fundamental difference between providing a reliable communications network to a city/neighbourhood/home/personal computer than there is to a mining operation/underground level/equipment or person. The principle is the same. Only the application is different. Realizing this, we can capitalize on the efforts of other industrial sectors, to solve our communications problem. Where else can you find a solution to a problem that is mature, having been developed with the input of thousands of engineers, and having hundreds of millions of dollars spent on research and development, manufacturing, distribution, global presence and engineering support?

May 1, 2003

By Philip E. J. Green

Two of the cornerstones of total quality management, the use of statistical and problem solving tools, and the involvement of employees, are directly applicable to environmental protection. The reduction in variation decreases the chances of violations and mishaps. Involving employees in minimizing environmental impacts is critical. One mistake, even with the best technology, and your plant can be shut down, customers lost and fines and penalties imposed - your reputation and the environment damaged. Proven strategies for involving employees in environmental protection, and over-coming the frequently strong differences of opinions about what constitutes environmental protection, will be discussed.

Jan 1, 1992

By P. Oghazi

It is possible to have traceability in the mining industry, by parameters and signatures like particle mineralogy, mineral association, texture and mineral liberation. The study is on an apatite-iron ore deposit at Malmberget, Sweden, and characterizes an ore body both mineralogically and texturally in a quantitative manner by using analytical methods like optical microscopy, microprobe (EMPA) and an automatic SEM based system, Particle Texture Analysis (PTA). The mineralogy was evaluated by PTA and characterized by modal mineralogy, mineral liberation and mineral associations. Magnetite has a simple outline and straight grain boundaries and the gangue minerals have a finer particle size with a more complicated texture. The PTA analysis also shows that apatite is associated to magnetite as mixed particles, while smaller grains of magnetite are inclusions in feldspar. Result from particle texture analysis shows that there is a connection which link to the mine-to-mill context, and it may be used to create traceability. This link is not the associations of the main ore mineral magnetite, nor the modal mineralogy. Instead, it is the mineral associations of contaminating minerals (apatite and feldspar) that appear to be most promising since they survive from mine to mill. The modal mineralogy may be used to understand how contaminated minerals break into or out of particles size fraction during grinding.

Jan 1, 2010

By A. Sheikh, S. Hardcastle

"Various methods of leaching are being used by Denison Mines Ltd. Uranium Operations. This study was designed to investigate the flood leaching operation of two parallel inter-connected stopes contained by pressure bulkheads. The teaching muck piles, created from large scale uppers production blasts, are aerated by compressed air lines laid beneath the pile prior to blasting.A SFr, tracer gas, injection technique has been employed to determine the post-blast integrity of the single-ended air distribution system. SF6 was injected into the compressed air line feed to the stopes and collected at borehole exhausts from the stopes in grab-sampling bags. Analyses of the air samples were performed with a gas chromatograph.The system was designed to give a sufficiency of oxygen to sustain bacterial activities used to enhance the leaching recovery in the muck piles. The results obtained indicated that there is a minor anomaly in the distribution system that may not be critical to the operation. Compared to an idealized case, the over-all efficiency of aeration throughout the muck is estimated at over 85%."

Jan 1, 1988

By J. Fisher, M. Barish

Over the past several years, Somerset International has successfully installed over 20 patented Sub325® Fine Coal Recovery Systems in the United States, Australia, Canada and Russia. These installations recover between 5 TPH and 40 TPH for the host sites. In addition to the increased revenue from the direct recovery of a recirculating load (Screen Bowl “Insurance”, Direct Recovery vs. Indirect Recovery via Recycle, CPSA 2020), host sites have seen benefits ranging from improved operation of refuse equipment to a reduction in the solids content of the refuse streams. As Somerset has improved ultra-fine coal recovery through the introduction of Sub325® Effluent Flotation and, most recently, the Sub325® Effluent Settler™, the amount of coal that has been recovered from these systems has increased by up to as much as 25%. Many host sites have taken a sense of ownership in the Somerset system and consider it to be a critical circuit in the overall optimal performance of the plant. In the past year, Somerset has taken the initiative to expand upon the capabilities of the Sub325® Fine Coal Recovery System, primarily the Sub325® Solid Bowl Centrifuge, to include Refuse Tailings Dewatering to allow for co-mingled refuse disposal. As slurry ponds and boreholes are becoming difficult to impossible to permit and operate, there is a need for a reliable, low-maintenance, continuous operation that can produce a handleable refuse cake. Refuse tailings disposal applications are by no means limited to coal plants and impoundments. Somerset has successfully tested at iron ore and phosphate locations throughout the world and have begun commercial installations. The ability to dewater -325 mesh material, whether it be coal, coal refuse, iron ore tailings, or something else, is a vital piece of processing capability for the continued production of mining operations across the globe. This paper highlights the success that Somerset has had in the coal industry worldwide as well as the initial successes with phosphate, iron ore, and copper tailings (patent pending).

Mar 2, 2022

By Y Lanwin

The Australian mining industry, a cornerstone of the nation’s economy, is on a journey towards greater equity and inclusion. Th paper introduces a comprehensive exploration of how universal design principles, stemming from architectural roots, have evolved through automation and digital technology into the more encompassing frameworks of inclusive design and equitable design. The paper proposes a practical framework for those involved in work, facilities and equipment design in the mining industry to identify and assess for equity and inclusion. Universal Design emerged in the 1960s with a primary focus on architecture, aiming to create spaces accessible to people of all abilities. Its foundational principles sought to ensure equitable use, flexibility, simplicity, perceptibility, tolerance for error, low physical effort and optimal spatial considerations. Over time, these principles evolved and expanded beyond physical spaces, finding applications in various fields, including technology, education and transportation. In response to advancements in technology and a growing understanding of the multifaceted nature of diversity, Universal Design evolved into Inclusive Design. Inclusive Design goes further than mere accessibility, considering a broader spectrum of users with varying cognitive, sensory, cultural and socio-economic backgrounds. It emphasises user centred design, customisation options, diverse user research and continuous iteration. Equitable Design emerged as a framework that addresses not only the diversity of needs but also systemic disparities. It emphasises fairness, justice and the elimination of structural inequities. Equitable Design encompasses accessibility and affordability, representation and diversity, ethical considerations and community engagement. This paper will explore the applications of these design principles through a series of case studies including village and on-site facilities, remote operations and office based work design and technology design. By applying these frameworks in a mining context, the paper proposes that mining companies and suppliers can improve diversity, equity and inclusion leading to safer, more engaged and productive workplaces.

Apr 16, 2024

By Robert McClure, Frederic Leclercq, Ricardo Chavez

With significant vibration control and fragmentation challenges facing them, the CBS quarry (department of the Nord) successfully integrated a technical partner and mine to mill optimisation to deal with a difficult environment. For the last three years, CBS has been conducting a global production monitoring program similar to the mine to mill concept used in the mining industry. This concept consists of optimising the drilling and blasting while monitoring the effects on the downstream chain (vibration control, loading, hauling, crushing, plant output). Blast optimization is ensured by systematic control of the blast geometry (volumes, patterns, bench and face anomalies, drill deviation) and by the use of constant specific energy blasting. Constant specific energy optimises the work of the explosive in a blasting operation and, when combined with a high accuracy programmable electronic blasting system, reduces the impact of blasting on the environment and enhances blast performance. These techniques ensure consistent blasting results and hence improved site productivity. The improvements achieved have been identified thanks to an effective system designed to monitor the key production parameters.

Jan 1, 2007

By E. Viljamaa

In this research, earlier developed information integration method and novel web technologies are applied to intensify infrastructure construction process control. The applied method uses semantic methods to integrate scattered information that is later on exploited by process management using state-of-the-art web technologies. The applied method and web technologies not only improve the process management situation awareness by integrated up-todate multi-source process data but also provide platform independent access and visualization tool for process data. Utilization of such technologies potentially lead on cost savings, make processes safer and also more environmentally friendly. The integration method also enables intelligent queries to the integrated data making possible to use machine based inferring to the data.

Aug 1, 2013

By Alejandro Berrios, Matheus DaSilva, Erick Siqueira

Vazante mine is an underground polymetallic mine that produces zinc, lead, and silver, which belongs to Nexa Resources in Minas Gerais, Brazil. The mine, a sublevel stope underground mine, mainly applies two subvariants: VRM – Vertical Retreat Mining and Open Stope. In a specific place of the mine, the geology allowed the design of a production stope with larger dimensions than the standard stopes, commonly called Super Stope. At this place, the plan was to apply both sublevel variants simultaneously. This mining block comprises rings in two different levels, with access by two ore drives on each level; the dimensions would be approximately 50 meters high, 50 meters long, and 35 meters wide. Opening the Free Face to mine the whole Stope was a challenge due to operational issues, such as hazard risks from loading over void space, exposure to uncontained places, and the impossibility of implementing the optimal blast sequence. Wireless blasting initiators have gained popularity recently due to their convenience, safety, and efficiency. This initiation system was applied to preload all the rings required to open the Free Face, ensuring a safe and optimal blast sequence. Wireless initiation prevented hazard risks, enhanced the blast sequence to guarantee the required void space, and optimized the equipment's operational cycle. The blast crew carried out the activity without exposure to the risk of loading over void space. The wireless detonators also avoided after-blast activities, which were required to provide secure access to the blast crew, optimizing the operational cycle.

Jan 21, 2025

By N. V. Moraka

Mining companies are required by law to improve representation of women on their boards. However, progress in this regard has been slow. Boards of directors play an important role in formulating corporate strategy, risk assessment, and effective governance for sustained financial performance. Although some women have successfully maintained board seats, others have been unable to do so. It is difficult to ascertain whether women are being appointed as tokens to satisfy social pressures, as little is known about the experiences of women board members in mining, which may inform or refute tokenism. In-depth interviews were conducted with 20 women and 16 men across six listed mining companies. Thematic data analysis revealed evidence of tokenism where recruitment to mining boards is compliance-based and is informally driven by influential directors. Adverse boardroom experiences that further confirmed tokenism were reported by women, such as disregarding their contributions, condescending behaviour, and limited influence in decision-making, while other women sought to validate their competence and oppose social exclusion. This study recommends that a strong Board Chair and nominations committee is critical to ensure sustainable recruitment of competent and suitably qualified women; and further foster a culture of inclusivity and valuing gender-diverse boards.

Dec 13, 2023

By Michael P. Balducci

Urban deep foundation projects contain unique risks that must be recognized by the parties involved. Common pitfalls must be recognized and avoided or addressed through contractual relations and corresponding insurance coverage. By understanding these pitfalls, examining the risk-apportioning clauses and corresponding insurance obligations, may the parties? desires and expectations be met.

Jan 1, 2008

By H. M. Chance

THE present value of most coal properties resides largely in the coal remaining to be mined, which thus constitutes the most important asset. The object of this paper is to discuss methods commonly used in computing the value of mineable coal. To distinguish clearly between such coal values and the values of other property, the several kinds of property values may be divided into classes; this is necessary to avoid unintentional omissions of items of importance. VALUE OF COAL RESERVES Judicial decisions prescribe, and appraisers commonly accept, current sales value as the preferred means for determining the value of transferable property. With few exceptions a property is worth the sum that can be realized from its sale by a willing seller to a willing buyer, a sale in which compulsion urges neither party, and between whom there is no community of interest to fix a value; or it is worth at least as much as a responsible buyer will offer for it. Actual sales of like property or bids from responsible buyers for the property, or for substantially like property, are the best established methods for determining values. Only in the absence of such sales or bids can valuations by other methods be entertained, and only for reasons of weight can sales values be set aside. Sales of coal in the ground, as customarily carried out through lease, under royalty agreements, are therefore the most trustworthy means available for determining the value of coal reserves.

Jan 6, 1926

By Antonio Jorge de Sousa

In order to compare several mining variants, on the point of view of the variability of the ore quality parameters, a conditional simulation technique is applied to a complex pyrite deposit (FEITAIS orebody, Portugal). Exploitation methods such as cut and fill and sublevel stoping are studied by the a.m. methodology. For each mining variant, it is assessed the influence of several mining operators on the variability of grades.

Jan 1, 1982

By Earl Oliver

THE term oil property, in this discussion, includes any type of easement or grant under which petroleum might be produced; it ranges from the mere right to drill on undeveloped wildcat acreage up to a fully developed oil property. The values of an oil property, as thus defined, vary widely according to the use for which it is intended, whether it is from the viewpoint of the speculator, the fraudulent stock promoter, the refiner and pipe-line owner, or the oil producer. The market value of a property is usually a combination of some two or more of these influences, and occasionally a combination of all of them, but we prefer to treat each viewpoint as distinct from the others, allowing the reader to make his own combination in such proportions as his inclination and property seem to require. This paper will treat the subject from the viewpoint of the oil producer. However, the other influences have such bearing on the cost of property to the producer and on the price he might obtain by its sale as to warrant brief discussion of them. Speculation, particularly lease speculation, is a parasitic growth on the oil industry, healthy enough, but of no economic value. The class of property usually dealt in for this purpose is the undeveloped lease. Its speculative value may have some relation to its probable productive value, but most frequently this value is the product of temporary excitement due to local development. The lease speculator, seeking out the trend of development or securing early information regarding a proposed test or a new discovery, immediately secures leases whose market value will be increased when the existence of such development becomes more widely known. His profits are purely unearned increment. Not proposing to spend money in exploration, he can afford to compete in purchase with the operator, who, in addition to bonus paid, must spend large sums in testing out his own acreage and that of the nearby speculator as well. It has a tendency to compel unduly high bonuses.

Jan 2, 1920

By Trevor R. Ellis

In this paper a method is presented for estimating the specifications of sandstone-type uranium deposits which will be the minimum that can meet a company's economic requirements for investment. The method interpolates and extrapolates from available cost data for typical mines to provide the costs for a wide range of possible deposits. The range of deposits achieving the company's required discounted cash flow rate of return on investment at an estimated uranium oxide selling price is then calculated, thus giving the complete range of deposits which meet the minimum required specifications. Prospects are then evaluated by comparison with these minimum requirements.

Jan 1, 1979

By Joseph Gersic

In 1989-90, the Bureau of Mines appraised selected high resource potential areas containing gold, rare-earth-element, or pegmatite deposits in or near the Black Hills National Forest. Available mineral resource data were used to construct mine and mill models and to compute discounted cash-flow rate-of-return analyses. Using this information, the economic feasibility of possible operations and probability (in the nonmathematical sense) of exploration and development within the next decade were assessed. High exploration and development probabilities are forecast for gold deposits around existing and permitted mine areas near Lead-Deadwood and west of Galena. The area east of Galena has low to moderate exploration and development probability; the Rochford area has low to high exploration probability and low to moderate development probability; the Keystone area has low to moderate exploration probability and low development probability; the Medicine Mountain area has moderate to high exploration and low to moderate development probabilities. Exploration probability in the Bear Lodge Mountains area is high for rare-earth elements and gold; development probability is low. Exploration probability for gold in the Mineral Hill area is low to moderate; development probability is low. The current level of activity associated with pegmatite mining in the Black Hills would probably not change significantly in the next decade; both exploration and development probabilities are low to moderate.

Jan 1, 1990

By Harbort G. J

Jameson cell pilot plant trials were conducted in a number of areas in the Red Dome gold/copper flotation plant during 1991. The aim of testwork was to reduce the amount of cyanide soluble copper reporting in tailing to the gold leach plant, and hence reduce cyanide consumption. A number of these tests were conducted in parallel with conventional flotation columns. Laboratory tests were conducted to simulate the performance of the existing plant when compared with the addition of the Jameson cell allowing an extra sulphidising phase. This paper reviews the comparison of the Jameson cell and conventional columns in recovering cyanide soluble copper, while maximising copper concentrate grade. Key parameters that are investigated are residence times, air/pulp ratios, superficial gas recoveries and size by size recoveries. A brief comparison of performance of the Jameson cell and column in the controlled potential sulphidisation process is also presented. An estimation of the reduction in cyanide consumption is given.

Jan 1, 1992

By S. Angioletti

This paper addresses strategic investment decisions when they are nested in a project development format where each project is implemented in phases and each phase is approved to move on to the next phase only if certain technical and economic requirements are met. This configuration is sometimes referred to as a ?Project Portfolio?. Mining companies maintain project portfolios in their exploration investment plan. This study proposes a procedure to best manage an exploration project portfolio including technical and economic uncertainties. The procedure may support decision makers in a simple and intuitive way, while maintaining the rigor and precision required by the rather large amount of financial resources typically called for by mining projects. The procedure was tested in a real case study of a gold mining company and its exploration projects portfolio. The procedure uses the following approaches: i) investment valuation methods under technical and market uncertainties based on Option Pricing Model, Real Option Theory and Option Space; ii) portfolio management and Stage Gate®1 method; iii) Monte Carlo simulation.

Jan 1, 2010

By Juanito C. Fernandez

INTRODUCTION The Philippines is endowed with mineral resources, much of which still remains unexploited. The country's known reserves, at least for the major mineral commodities, have increased every decade since the first major discoveries more than 80 years ago. Mining, therefore, naturally evolved as one of the pioneer industries and has ever since been a major factor in economic development. The Philippines has entered a new era in mineral resources development and management. One significant feature of this era is the degree to which the government is involved with the industry. In recent years, the state has increasingly encouraged the private sector to carry out detailed exploration aided by governmental contributions through extensive geological and geophysical surveys, fundamental researches and even indirect financial assistance in some specific areas. Significant changes in mineral resources development policies were brought about with the promulgation of Presidential Decree 463 or the Mineral Resources Development Decree of 1974. The Decree provides for a more rational system of administration and disposition of mineral lands to promote mineral resource exploration and exploitation. Various forms of incentives are provided. Foreign entities are allowed to participate in development through service contracts with leaseholders or with the government in the case of reserved areas. The thrust in mineral resources development has been focused on the base metals which as envisioned would provide the foundation for sound economic development. In recent years, however, major strides have been made to promote the exploitation of the non-traditionally produced commodities especially the non-metals. Development likewise point to the growing determination of the government and the private sector to expand benefits from mining. This is evident in efforts to promote downstream processing operations and to encourage investments in exploration, exploitation and mineral processing ventures. The integrated mineral resources development plan, therefore, proposes the vertical integration of mining extraction activities with the processing requirements of the metal-based manufacturing industries. While mining activities shall continue to be carved out by the private sector, the government shall influence the industry's direction by establishing legitimate goals to maximize benefits through an integrated approach giving due consideration to environmental protection and resource needs of future generations. STATUS OF MINERAL RESOURCES DEVELOPMENT Extent of Exploration Application of modem exploration tools and concepts complemented by intense infusion of foreign technology and rapid development of indigenous expertise have enabled the government jointly with the private sector to geologically explore vast grounds and to expand the country's known mineral resources. Approximately 93% of the country's total land area of 30 million hectares have been geologically mapped on at least 1:250,000 scale. Of the 93% total coverage, roughly 37.54% or 11.07 million hectares have been done on scales of 1:10,000 to 1:50,000 as shown in Figure I. Only 3.07% of the total coverage have been surveyed in detail. Land gravity surveys have been undertaken on over 45% of the total, while some 77,300 line km. of aeromagnetic surveys have been flown over 110,000 sq. km. of land area. Processing of data is almost complete. Total magnetic intensity and IGRF-corrected maps are available. Geological interpretation utilizing Landsat MSS imagery and low altitude aerial photography augmented by ground truthing have been undertaken in several large areas with very encouraging results. Beach and offshore mineral surveys were initiated in 1977 and have covered substantial areas in northwest and southeast Luzon and northeastern Mindanao. Highly promising areas for detrital magnetite, chromite, gold and some heavy minerals including ilmenite and titanium have been identified. In the petroleum sector, two offshore oilfields are currently producing from Miocene limestone reefs in Northwestern Palawan. Another field from the same area will be on stream in mid-1982.

Jan 1, 1982