scholarly journals Geometallurgy—A Route to More Resilient Mine Operations

Minerals ◽  
2018 ◽  
Vol 8 (12) ◽  
pp. 560 ◽  
Author(s):  
Simon Dominy ◽  
Louisa O’Connor ◽  
Anita Parbhakar-Fox ◽  
Hylke Glass ◽  
Saranchimeg Purevgerel

Geometallurgy is an important addition to any evaluation project or mining operation. As an integrated approach, it establishes 3D models which enable the optimisation of net present value and effective orebody management, while minimising technical and operational risk to ultimately provide more resilient operations. Critically, through spatial identification of variability, it allows the development of strategies to mitigate the risks related to variability (e.g., collect additional data, revise the mine plan, adapt or change the process strategy, or engineer flexibility into the system). Geometallurgy promotes sustainable development when all stages of extraction are performed in an optimal manner from a technical, environmental, and social perspective. To achieve these goals, development of innovative technologies and approaches along the entire mine value chain are being established. Geometallurgy has been shown to intensify collaboration among operational stakeholders, creating an environment for sharing orebody knowledge and improving data acquisition and interpretation, leading to the integration of such data and knowledge into mine planning and scheduling. These aspects create better business optimisation and utilisation of staff, and lead to operations that are more resilient to both technical and non-technical variability. Geometallurgy encompasses activities that utilise improved understanding of the properties of ore and waste, which impact positively or negatively on the value of the product, concentrate, or metal. Properties not only include those that impact on processing efficiency, but also those of materials which will impact on other actions such as blasting and waste management. Companies that embrace the geometallurgical approach will benefit from increased net present value and shareholder value.

2012 ◽  
Vol 57 (4) ◽  
pp. 991-1014 ◽  
Author(s):  
H. Dehghani ◽  
M. Ataee-Pour

Abstract The block economic value (BEV) is one of the most important parameters in mine evaluation. This parameter can affect significant factors such as mining sequence, final pit limit and net present value. Nowadays, the aim of open pit mine planning is to define optimum pit limits and an optimum life of mine production scheduling that maximizes the pit value under some technical and operational constraints. Therefore, it is necessary to calculate the block economic value at the first stage of the mine planning process, correctly. Unrealistic block economic value estimation may cause the mining project managers to make the wrong decision and thus may impose inexpiable losses to the project. The effective parameters such as metal price, operating cost, grade and so forth are always assumed certain in the conventional methods of BEV calculation. While, obviously, these parameters have uncertain nature. Therefore, usually, the conventional methods results are far from reality. In order to solve this problem, a new technique is used base on an invented binomial tree which is developed in this research. This method can calculate the BEV and project NPV under economic uncertainty. In this paper, the BEV and project NPV were initially determined using Whittle formula based on certain economic parameters and a multivariate binomial tree based on the economic uncertainties such as the metal price and cost uncertainties. Finally the results were compared. It is concluded that applying the metal price and cost uncertainties causes the calculated block economic value and net present value to be more realistic than certain conditions.


2017 ◽  
Vol 44 (3) ◽  
pp. 103-118 ◽  
Author(s):  
Julie A. Hunt ◽  
Ron F. Berry

Geometallurgy is a cross-disciplinary science that addresses the problem of teasing out the features of the rock mass that significantly influence mining and processing. Rocks are complex composite mixtures for which the basic building blocks are grains of minerals. The properties of the minerals, how they are bound together, and many other aspects of rock texture affect the entire mining value chain from exploration, through mining and processing, waste and tailings disposal, to refining and sales. This review presents rock properties (e.g. strength, composition, mineralogy, texture) significant in geometallurgy and examples of test methods available to measure or predict these properties.   Geometallurgical data need to be quantitative and spatially constrained so they can be used in 3D modelling and mine planning. They also need to be obtainable relatively cheaply in order to be abundant enough to provide a statistically valid sample distribution for spatial modelling. Strong communication between different departments along the mining value chain is imperative so that data are produced and transferred in a useable form and duplication is avoided. The ultimate aim is to have 3D models that not only show the grade of valuable elements (or minerals), but also include rock properties that may influence mining and processing, so that decisions concerning mining and processing can be made holistically, i.e. the impacts of rock properties on all the cost centres in the mining process are taken into account. There are significant costs to improving ore deposit knowledge and it is very important to consider the cost-benefit curve when planning the level of geometallurgical effort that is appropriate in individual deposits.RÉSUMÉLa géométallurgie est une science interdisciplinaire qui s’intéresse aux caractéristiques de la masse rocheuse qui influent de manière significative sur l'exploitation minière et le traitement du minerai. Les roches sont des mélanges composites complexes dont les éléments structurant de base sont des grains de minéraux. Les propriétés des minéraux, la façon dont ils sont liés entre eux, et de nombreux autres aspects de la texture des roches déterminent l'ensemble de la chaîne de valeur minière, de l'exploration à l'extraction à la transformation, à l'élimination des déchets et des résidus, jusqu'au raffinage et à la vente. La présente étude passe en revue les propriétés significatives de la roche (par ex. sa cohésion, sa composition, sa minéralogie, sa texture) en géométallurgie ainsi que des exemples de méthodes d'essai disponibles pour mesurer ou prédire ces propriétés.   Les données géométallurgiques doivent être quantitatives et localisées spatialement afin qu'elles puissent être utilisées dans la modélisation 3D et la planification de la mine. Elles doivent également être peu couteuses afin d'être suffisamment nombreuses pour fournir une distribution d'échantillon statistiquement valide pour la modélisation spatiale. Une communication efficace entre les différents segments de la chaîne de valeur minière est impérative pour que les données soient produites et transférées sous une forme utilisable et que les duplications soient évitées. Le but ultime est d'avoir des modèles 3D qui montrent non seulement la qualité des éléments précieux (ou minéraux), mais aussi les propriétés de roche qui déterminent l'exploitation minière et le traitement du minerai, de sorte que les décisions concernant l'exploitation minière et le traitement du minerai peuvent être réalisées de façon holistique, c.-à-d. que l’impact des propriétés de roche sur tous les maillons de la chaîne des coûts du processus minier sont prises en compte. Les coûts d’amélioration des connaissances sur le gisement de minerai étant importants, il faut tenir compte de la courbe coûts-bénéfices lors de la planification du niveau d'investissement géométallurgique approprié pour le gisement considéré.


2015 ◽  
Vol 21 (4) ◽  
pp. 735-739
Author(s):  
Nandang Sukmana

The purpose of this paper to provide a valuation incorporating management flexibility in an uncertain operating environment for valuing various mining in Indonesia. This research raises the question on what strategies in developing valuations models of various mining and how uncertainty such as prices, grades/quality, costs, schedules, quantities, environmental issues and among others which are not known at the beginning of the project, have contributed to the value resulted. The study is based on an Expanded Net Present Value (eNPV) valuation in which uncertainty and management flexibility are incorporated into the valuation. The focus of the research is on the strategy in determining value using Expanded Net Present Value (eNPV) and on how to mitigate the risks of uncertainties. The paper emphasizes the specific characteristics of the actual mining valuation in Indonesia, generated by conventional NPV method commonly used. This was also confirmed in a study carried out by Graham and Campbell (2002), of 392 completed CFO surveys, 74.9% of respondents always or mostly use the Net Present Value (NPV) method of project valuation. However, conventional valuation tools have penalized projects with a high degree of uncertainty and lead to myopic decisions. The research is correlated to diagnose the flexibility of strategic mine planning and to analyze the process of change within the uncertainties. The study allows emphasis on some characteristics of the mining valuation process developed in Indonesia.


2020 ◽  
Vol 62 (3) ◽  
pp. 334-351
Author(s):  
K. G. SIRINANDA ◽  
M. BRAZIL ◽  
P. A. GROSSMAN ◽  
J. H. RUBINSTEIN ◽  
D. A. THOMAS

AbstractThe objective of this paper is to demonstrate that the gradient-constrained discounted Steiner point algorithm (GCDSPA) described in an earlier paper by the authors is applicable to a class of real mine planning problems, by using the algorithm to design a part of the underground access in the Rubicon gold mine near Kalgoorlie in Western Australia. The algorithm is used to design a decline connecting two ore bodies so as to maximize the net present value (NPV) associated with the connector. The connector is to break out from the access infrastructure of one ore body and extend to the other ore body. There is a junction on the connector where it splits in two near the second ore body. The GCDSPA is used to obtain the optimal location of the junction and the corresponding NPV. The result demonstrates that the GCDSPA can be used to solve certain problems in mine planning for which currently available methods cannot provide optimal solutions.


2017 ◽  
Vol 2 (1) ◽  
pp. 21-30
Author(s):  
Muhammad Jamil ◽  
Januari Frizki Bella

Adapun tujuan dari Penelitian ini adalah untuk mengetahui kelayakan usaha industri pengolahan kecap Aneka Guna apabila dilihat dari segi kelayakan finansial. Penelitian ini menggunakan metode studi kasus. Lokasi penelitian yaitu di Kota Langsa dengan pertimbangan bahwa lokasi tersebut merupakan daerah yang terdapat industri pengolahan kecap asin dan mudah di jangkau oleh penulis. Waktu penelitian dilaksanakan pada Bulan Juni - Oktober 2014. Tenaga kerja yang digunakan berjumlah 27 orang, 20 tenaga kerja pria dan 7 orang tenaga kerja wanita. Jumlah penggunaan tenaga kerja selama 5 tahun sebesar 3759 HKP. Total biaya produksi yang dikeluarkan oleh pengusaha dalam usaha pembuatan kecap didaerah penelitian selama 5 tahun adalah Rp. 2.076.988.000,-. Pendapatan kotor yang diperoleh pengusaha sebesar Rp. 8.199.690.000,- dan pendapan bersih yang diperoleh sebesar Rp. 6.122.702.000,-                 Kota Langsa hanya memiliki 1 pengusaha pengolahan kecap asin dan dijadikan sebagai pengusaha sampel yaitu usaha industri pengolahan kecap asin Aneka Guna. Hasil perhitungan di peroleh Net Present Value (NPV) sebesar Rp. 263.281.290 (lebih besar dari nol), sedangkan Internal Rate of Return (IRR) sebesar 84% lebih besar dari tingkat bunga yang berlaku (D.F. = 18%), sedangkan Net B/C Ratio sebesar 3,27 (lebih dari pada 1) dan Pay Back Priod (PBP) 1 Tahun 6 Bulan (lebih kecil dari umur ekonomis).  


Author(s):  
Ainārs GRĪNVALDS

The stand selection for cutting in tactical planning should be done according to the same principles like in strategic planning – to maximize net present value. The simple way of how to transfer the net present value maximization principle from strategic planning to tactical planning was created in Sweden. The method is based on annual changes in the net present value by postponing final felling. Forest inventory data and forestry modelling system was used for calculation of changes in net present value for pine, spruce, birch, aspen and black alder stands. And changes in net present value were described by regression function with factors from stand parameters. The regression function allows calculating annual changes in net present value for each stand. And stands with higher decrease in net present value have higher cutting priority. Stands selected for the final felling in strategic plan were compared with the stands selected in tactical plan with two methods, first, by using annual changes in the net present value, second, by traditional planning principles. Stands selected by annual changes in the net present value were similar to stands that were selected for cutting in strategic plan, but stands selected by traditional planning principles – not.


2017 ◽  
Vol 13 (3) ◽  
pp. 240
Author(s):  
Novdin M Sianturi

Abstrak: Pengelolaan sampah di Kota Pematangsiantar masih bertumpu pada pendekatan akhir (kumpul-angkut-buang), dengan tingkat pelayanan yang rendah, sehingga untuk meningkatkan pelayanan sampah, perlu dilakukan pemilahan di tempat penampungan sementara (TPS). Penelitian ini bertujuan untuk mengkaji sistem pengelolaan sampah dengan melakukan pemilihan di TPS dapat meningkatkan pelayanan aset persampahan sampai tahun  2015 secara teknis operasional dan dari aspek keuangan. Analisa teknis operasional aset pengelolaan sampah mulai dari pewadahan, pengumpulan dan pengangkutan sedangkan analisa keuangan dan analisa kelayakan menggunakan Net Present Value, Internal Rate of Return, Benefit/Cost Ratio, dan Payback Period. Dari hasil analisa tersebut diperoleh suatu sistem pengelolaan sampah dengan pemilihan di TPS berdasarkan zona pelayanan dengan skala prioritas secara bertahap daritahun 2013-2017, dapat meningkatkan cakupan pelayanan sampah eksisting rata-rata 6,69 %, cakupan pelayanan TPS eksisting rata-rata 8,29 %, dan cakupan pelayanan truk pengangkut sampah eksisting rata-rata 12,03 %. Investasinya layak, diperoleh Net Cashflow pada tahun 2020 sebesar Rp 1.720.242.284,-, NPV suku bunga 15 % bernilai positif, IRR > MARR 15 %,  B/C Ratio > 1, dan PP 4,7 tahun, lebih pendek dari periode investasi 10 tahun. Dari Metode penelitian ini maka pengumpulan data, observasi lapangan dan pengukuran contoh timbulan sampah dengan sampel 4 TPS perumahan yang terlayani pengangkutan.


Author(s):  
Nataliya Stoyanets ◽  
◽  
Mathias Onuh Aboyi ◽  

The article defines that for the successful implementation of an innovative project and the introduction of a new product into production it is necessary to use advanced technologies and modern software, which is an integral part of successful innovation by taking into account the life cycle of innovations. It is proposed to consider the general potential of the enterprise through its main components, namely: production and technological, scientific and technical, financial and economic, personnel and actual innovation potential. Base for the introduction of technological innovations LLC "ALLIANCE- PARTNER", which provides a wide range of support and consulting services, services in the employment market, tourism, insurance, translation and more. To form a model of innovative development of the enterprise, it is advisable to establish the following key aspects: the system of value creation through the model of cooperation with partners and suppliers; creating a value chain; technological platform; infrastructure, determine the cost of supply, the cost of activities for customers and for the enterprise as a whole. The system of factors of influence on formation of model of strategic innovative development of the enterprise is offered. The expediency of the cost of the complex of technological equipment, which is 6800.0 thousand UAH, is economically calculated. Given the fact that the company plans to receive funds under the program of socio-economic development of Sumy region, the evaluation of the effectiveness of the innovation project, the purchase of technological equipment, it is determined that the payback period of the project is 3 years 10 months. In terms of net present value (NPV), the project under study is profitable. The project profitability index (PI) meets the requirements for a positive decision on project implementation> 1.0. The internal rate of return of the project (IRR) also has a positive value of 22% because it exceeds the discount rate.


Author(s):  
Wahyu Setiawan ◽  
Atikah Nurhayati ◽  
Titin Herawati ◽  
Asep Agus Handaka

Gill net is one of the fishing gear used by Jatigede Reservoir fisherman. The purpose of this research is to analyzed the feasibility of fish catching business with gill net in Jatigede Reservoir. This research was conducted by used data collection method (observation, questioner, literature study) and method of data analysis (feasibility business analysis). The benefits of this research is expected to be informations and references for the research who will expand a fishing business with gill net at Jatigede Reservoir. The result of feasibility of fish catching business with gill net at Jatigede Reservoir is profit value Rp. 70.890.000, Break Event Point price and production (all species of fish) Rp. 4.154/kg and 2.136kg in a year, Benefit Cost Ratio 3,37, Payback Period 2 months and Net Present Value >1 Rp. 52.820.243, the fish catching business using gill net at Jatigede Reservoir is feasible to be developed.


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