Risk Management in Evaluating Mineral Deposits

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Publisher : Society for Mining, Metallurgy, and Exploration, Incorporated
ISBN 13 : 9780873354486
Total Pages : 0 pages
Book Rating : 4.3/5 (544 download)

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Book Synopsis Risk Management in Evaluating Mineral Deposits by : Jean-Michel Rendu

Download or read book Risk Management in Evaluating Mineral Deposits written by Jean-Michel Rendu and published by Society for Mining, Metallurgy, and Exploration, Incorporated. This book was released on 2017 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Written by a mining professional with a strong background in technical and financial studies, risk assessment, and statistics, this book provides a detailed suite of tools so you can determine whether investing in a mining project makes sense for you. Jean-Michel Rendu provides a comprehensive guide to determine when to invest, when to demand a plan that reduces the risks, and when to just walk away.

An Integrated Risk Evaluation Model for Mineral Deposits

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Publisher :
ISBN 13 :
Total Pages : 234 pages
Book Rating : 4.:/5 (95 download)

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Book Synopsis An Integrated Risk Evaluation Model for Mineral Deposits by : Grant Nicholas

Download or read book An Integrated Risk Evaluation Model for Mineral Deposits written by Grant Nicholas and published by . This book was released on 2014 with total page 234 pages. Available in PDF, EPUB and Kindle. Book excerpt: The core asset of most mining companies is its mineral resources and reserves. The company produces ore from its reserves, which is a subset of its mineral resources associated with varying levels of geoscientific confidence and uncertainty. One of the key evaluation challenges is to distil technical complexity into a financial model that is usually designed to focus only on one or two key valuation indicators, such as net present value (NPV) or internal rate of return (IRR). The driver behind this research was whether conventional evaluation techniques for mineral projects can evaluate accurately both the spatial and temporal characteristics of project risks in financial terms, due to their inherent nature to understate the true variance, and under-value or over-value the actual NPV. How can conventional evaluation methods be compared to an innovative, integrated evaluation technique that quantifies the non-linear impacts of spatial resource variables on production constraints in financial terms, measured at the appropriate temporal scale? To answer these questions, this research focused on developing an innovative risk evaluation methodology for two different diamond deposits and one gold deposit to incorporate spatial, non-spatial and financial data across the evaluation pipeline. The author developed an integrated evaluation modelling (IEM) framework based on a unique bottom-up methodology that follows every estimation block through the mining and processing value chain, i.e., it accurately captures the spatial variability of all relevant value chain variables in the ground and their correlated impacts on production constraints such as grade, density and processing characteristics. This variability is propagated through the processing value chain at a mining block (or selective mining unit, "SMU") scale. The IEM approach revealed differences in NPV between a 'bottom-up' (or Local) evaluation method and a 'top-down' (or Global) evaluation method - see Figure 1. While the actual NPV for the virtual ore body (VBod) was CAD 2.1 million, the figure shows that the local evaluation method (bottom-up) more closely approximated the actual NPV of the project than the global (top-down) evaluation method, which materially over-estimated the NPV. The author demonstrated that cash flow constituents derived from annual estimates in a top-down approach will not correctly reflect the asymmetries due to operational variability on a local, daily basis. The 'bottom-up' evaluation method represented a more accurate way of deriving annual cash flow estimates needed to make decisions on projects by accumulating the appropriate values from a bottom-up approach, i.e. daily, monthly, quarterly then derive annual estimates for NPV forecasts. The two main advantages of the IEM methodology are that firstly, it accurately reproduces the spatial resource characteristics of blocks at the appropriate temporal scale; and secondly, direct linkages are created between the resource-reserve-financial models within a single software environment. This allows multiple scenarios to be rapidly assessed for a mineral project and the cost/benefits of implementing risk mitigation strategies to be easily evaluated. This research also quantifies the financial impact of managerial flexibilities by evaluating selected hedging strategies that simultaneously consider production and economic uncertainties within an IEM framework. All modelled outputs are calculated in NPV terms using a modified DCF approach. The importance of linkages within an IEM framework is validated between unsystematic risks, with respect to key resource-to-reserve stochastic variables, and systematic risks considering the impact of foreign exchange rates. The author concludes that the greater the variability of key systematic and unsystematic variables, the more the mine has to consider flexibility in its mining and processing schedules and management hedging strategies; but the real costs of attaining that flexibility needs to be evaluated using an IEM framework. The confidence in a NPV estimate for complex mineral projects cannot easily be quantified using any closed-form analytical or mathematical solution. Complex, non-linear relationships between resources, reserves, financial and economic parameters requires a simulation model based on an IEM framework to provide a robust solution.

Mineral Deposit Evaluation

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Publisher : Springer Science & Business Media
ISBN 13 : 9401197148
Total Pages : 450 pages
Book Rating : 4.4/5 (11 download)

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Book Synopsis Mineral Deposit Evaluation by : A.E. Annels

Download or read book Mineral Deposit Evaluation written by A.E. Annels and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 450 pages. Available in PDF, EPUB and Kindle. Book excerpt: Although aspects of mineral deposit evaluation advantages and disadvantages of each technique are covered in such texts as McKinstry (1948), so that a judgement can be made as to their Peters (1978), Reedman (1979) and Barnes applicability to a particular deposit and the min (1980), no widely available in-depth treatment of ing method proposed or used. Too often, a lack the subject has been presented. It is thus the of this expertise results in the ore-reserve calcula intention of the present book to produce a text tion being undertaken at head-office or, indeed, by the survey department on the mine, and being which is suitable for both undergraduate and treated as a 'number crunching' or geometric postgraduate students of mining geology and exercise divorced from geology. It is essential mining engineering and which, at the same time, that mine ore-reserves are calculated at the mine is of use to those already following a professional by those geologists who are most closely associ career in the mining industry. An attempt has ated with the local geology and who are thus best been made to present the material in such a way able to influence and/or constrain the calculation.

Evaluating Mineral Projects

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Publisher : SME
ISBN 13 : 9780873351591
Total Pages : 176 pages
Book Rating : 4.3/5 (515 download)

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Book Synopsis Evaluating Mineral Projects by : Thomas F. Torries

Download or read book Evaluating Mineral Projects written by Thomas F. Torries and published by SME. This book was released on 1998 with total page 176 pages. Available in PDF, EPUB and Kindle. Book excerpt: Designed to complement traditional engineering texts, this book emphasizes the concepts of mineral project evaluation rather than computational details. It describes various economic evaluation techniques typically employed (including conventional cost analysis, discounted cash flow, and option analysis), their uses, and their relationships with geological, technological, and financial evaluations.

Risk Management Handbook for the Mining Industry

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Publisher :
ISBN 13 :
Total Pages : 96 pages
Book Rating : 4.:/5 (222 download)

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Book Synopsis Risk Management Handbook for the Mining Industry by : New South Wales. Department of Mineral Resources. Coal Mining Inspectorate and Engineering Branch

Download or read book Risk Management Handbook for the Mining Industry written by New South Wales. Department of Mineral Resources. Coal Mining Inspectorate and Engineering Branch and published by . This book was released on 1997 with total page 96 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Essentials of Mineral Exploration and Evaluation

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Publisher : Elsevier
ISBN 13 : 0128053321
Total Pages : 422 pages
Book Rating : 4.1/5 (28 download)

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Book Synopsis Essentials of Mineral Exploration and Evaluation by : S. M. Gandhi

Download or read book Essentials of Mineral Exploration and Evaluation written by S. M. Gandhi and published by Elsevier. This book was released on 2016-05-10 with total page 422 pages. Available in PDF, EPUB and Kindle. Book excerpt: Essentials of Mineral Exploration and Evaluation offers a thorough overview of methods used in mineral exploration campaigns, evaluation, reporting and economic assessment processes. Fully illustrated to cover the state-of-the-art exploration techniques and evaluation of mineral assets being practiced globally, this up-to-date reference offers balanced coverage of the latest knowledge and current global trends in successful mineral exploration and evaluation. From mineral deposits, to remote sensing, to sampling and analysis, Essentials of Mineral Exploration and Evaluation offers an extensive look at this rapidly changing field. Covers the complete spectrum of all aspects of ore deposits and mining them, providing a "one-stop shop" for experts and students Presents the most up-to-date information on developments and methods in all areas of mineral exploration Includes chapters on application of GIS, statistics, and geostatistics in mineral exploration and evaluation Includes case studies to enhance practical application of concepts

Application of Simulation in Evaluating Low-grade Mineral Deposits

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Publisher :
ISBN 13 :
Total Pages : 72 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis Application of Simulation in Evaluating Low-grade Mineral Deposits by : Richard F. Hewlett

Download or read book Application of Simulation in Evaluating Low-grade Mineral Deposits written by Richard F. Hewlett and published by . This book was released on 1964 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Application of Simulation in Evaluating Low-grade Mineral Deposits

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Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (921 download)

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Book Synopsis Application of Simulation in Evaluating Low-grade Mineral Deposits by :

Download or read book Application of Simulation in Evaluating Low-grade Mineral Deposits written by and published by . This book was released on 1964 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Mineral Property Evaluation

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Publisher : Society for Mining, Metallurgy & Exploration
ISBN 13 : 0873354451
Total Pages : 554 pages
Book Rating : 4.8/5 (733 download)

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Book Synopsis Mineral Property Evaluation by : Richard L. Bullock

Download or read book Mineral Property Evaluation written by Richard L. Bullock and published by Society for Mining, Metallurgy & Exploration. This book was released on 2017-12-01 with total page 554 pages. Available in PDF, EPUB and Kindle. Book excerpt: “Everything” sums up what must be considered for a properly documented property evaluation. Less than 30% of the projects that are developed in the minerals industry yield the return on investment that was projected from the project feasibility studies. The tools described in this handbook will greatly improve the probability of meeting your projections and minimizing project execution capital cost blowout that has become so prevalent in this industry in recent years. Mineral Property Evaluation provides guidelines to follow in performing mineral property feasibility and evaluation studies and due diligence, and in preparing proper documents for bankable presentations. It highlights the need for a consistent, systematic methodology in performing evaluation and feasibility work. The objective of a feasibility and evaluation study should be to assess the value of the undeveloped or developed mineral property and to convey these findings to the company that is considering applying technical and physical changes to bring the property into production of a mineral product. The analysis needs to determine the net present worth returned to the company for investing in these changes and to reach that decision point as early as possible and with the least amount of money spent on the evaluation study. All resources are not reserves, nor are all minerals an ore. The successful conclusion of any property evaluation depends on the development, work, and conclusions of the project team. The handbook has a diverse audience: • Professionals in the minerals industry that perform mineral property evaluations. • Companies that have mineral properties and perform mineral property feasibility studies and evaluations or are buying properties based on property evaluation. • Financial institutions, both domestic and overseas, that finance or raise capital for the minerals industry. • Consulting firms and architectural and engineering contractors that utilize mineral property feasibility studies and need standards to follow. • And probably the most important, the mining and geological engineering students and geology and economic geology students that need to learn the standards that they should follow throughout their careers.

Statistical Evaluations in Exploration for Mineral Deposits

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Publisher : Springer Science & Business Media
ISBN 13 : 3642602622
Total Pages : 388 pages
Book Rating : 4.6/5 (426 download)

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Book Synopsis Statistical Evaluations in Exploration for Mineral Deposits by : Friedrich-Wilhelm Wellmer

Download or read book Statistical Evaluations in Exploration for Mineral Deposits written by Friedrich-Wilhelm Wellmer and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 388 pages. Available in PDF, EPUB and Kindle. Book excerpt: Statistical evaluations of exploration data are the basis for decisions to be made at various stages of an exploration project. In contrast to other geostatistical books, Statistical Evaluations in Exploration for Mineral Deposits focuses not only on theory, but examples are also given, frequently originating from experience in mineral exploration by the author who worked worldwide for a mining company. Together with its companion volume, Economic Evaluations in Exploration, the book illustrates methods used in exploration campaigns and mining activities. It is intended as a vademecum for geologists who are forced to make quick decisions regarding an exploration project. It also addresses scientists and students involved in teaching or in mineral economic evaluations, recommendations or decisions.

Mineral Deposit Evaluation

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Publisher : Springer
ISBN 13 : 9789401197168
Total Pages : 436 pages
Book Rating : 4.1/5 (971 download)

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Book Synopsis Mineral Deposit Evaluation by : A.E. Annels

Download or read book Mineral Deposit Evaluation written by A.E. Annels and published by Springer. This book was released on 2005-08-05 with total page 436 pages. Available in PDF, EPUB and Kindle. Book excerpt: Although aspects of mineral deposit evaluation advantages and disadvantages of each technique are covered in such texts as McKinstry (1948), so that a judgement can be made as to their Peters (1978), Reedman (1979) and Barnes applicability to a particular deposit and the min (1980), no widely available in-depth treatment of ing method proposed or used. Too often, a lack the subject has been presented. It is thus the of this expertise results in the ore-reserve calcula intention of the present book to produce a text tion being undertaken at head-office or, indeed, by the survey department on the mine, and being which is suitable for both undergraduate and treated as a 'number crunching' or geometric postgraduate students of mining geology and exercise divorced from geology. It is essential mining engineering and which, at the same time, that mine ore-reserves are calculated at the mine is of use to those already following a professional by those geologists who are most closely associ career in the mining industry. An attempt has ated with the local geology and who are thus best been made to present the material in such a way able to influence and/or constrain the calculation.

Minerals, Critical Minerals, and the U.S. Economy

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Publisher : National Academies Press
ISBN 13 : 0309112826
Total Pages : 263 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis Minerals, Critical Minerals, and the U.S. Economy by : National Research Council

Download or read book Minerals, Critical Minerals, and the U.S. Economy written by National Research Council and published by National Academies Press. This book was released on 2008-03-11 with total page 263 pages. Available in PDF, EPUB and Kindle. Book excerpt: Minerals are part of virtually every product we use. Common examples include copper used in electrical wiring and titanium used to make airplane frames and paint pigments. The Information Age has ushered in a number of new mineral uses in a number of products including cell phones (e.g., tantalum) and liquid crystal displays (e.g., indium). For some minerals, such as the platinum group metals used to make cataytic converters in cars, there is no substitute. If the supply of any given mineral were to become restricted, consumers and sectors of the U.S. economy could be significantly affected. Risks to minerals supplies can include a sudden increase in demand or the possibility that natural ores can be exhausted or become too difficult to extract. Minerals are more vulnerable to supply restrictions if they come from a limited number of mines, mining companies, or nations. Baseline information on minerals is currently collected at the federal level, but no established methodology has existed to identify potentially critical minerals. This book develops such a methodology and suggests an enhanced federal initiative to collect and analyze the additional data needed to support this type of tool.

Financial Evaluation of Mineral Deposits Using Sensitivity and Probabilistic Analysis Methods

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Publisher :
ISBN 13 :
Total Pages : 90 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis Financial Evaluation of Mineral Deposits Using Sensitivity and Probabilistic Analysis Methods by : United States. Bureau of Mines

Download or read book Financial Evaluation of Mineral Deposits Using Sensitivity and Probabilistic Analysis Methods written by United States. Bureau of Mines and published by . This book was released on 1970 with total page 90 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Quantification of Risks Associated with Mineral Deposit Evaluation Based on Drillhole Data

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Publisher :
ISBN 13 :
Total Pages : 64 pages
Book Rating : 4.:/5 (952 download)

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Book Synopsis Quantification of Risks Associated with Mineral Deposit Evaluation Based on Drillhole Data by : E. Adjei Owusu

Download or read book Quantification of Risks Associated with Mineral Deposit Evaluation Based on Drillhole Data written by E. Adjei Owusu and published by . This book was released on 1999 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Computer Aided Risk Analysis of Open Pit Mine Slopes in Kaolin Mineral Deposits

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Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (536 download)

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Book Synopsis Computer Aided Risk Analysis of Open Pit Mine Slopes in Kaolin Mineral Deposits by : James Peter Kimmance

Download or read book Computer Aided Risk Analysis of Open Pit Mine Slopes in Kaolin Mineral Deposits written by James Peter Kimmance and published by . This book was released on 1998 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Management of Mineral Resources

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Publisher : SME
ISBN 13 : 9780873352161
Total Pages : 124 pages
Book Rating : 4.3/5 (521 download)

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Book Synopsis Management of Mineral Resources by : Juan P. Camus

Download or read book Management of Mineral Resources written by Juan P. Camus and published by SME. This book was released on 2002 with total page 124 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is concerned with the analysis of some of the internal, controllable factors that influence mining production effectiveness. It combines the best thinking in mining and management so that practitioners can devise a concrete strategy for generating maximum shareholder value.

Mineral Resources

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Publisher : Springer
ISBN 13 : 3319587609
Total Pages : 653 pages
Book Rating : 4.3/5 (195 download)

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Book Synopsis Mineral Resources by : Manuel Bustillo Revuelta

Download or read book Mineral Resources written by Manuel Bustillo Revuelta and published by Springer. This book was released on 2017-08-23 with total page 653 pages. Available in PDF, EPUB and Kindle. Book excerpt: This comprehensive textbook covers all major topics related to the utilization of mineral resources for human activities. It begins with general concepts like definitions of mineral resources, mineral resources and humans, recycling mineral resources, distribution of minerals resources across Earth, and international standards in mining, among others. Then it turns to a classification of mineral resources, covering the main types from a geological standpoint. The exploration of mineral resources is also treated, including geophysical methods of exploration, borehole geophysical logging, geochemical methods, drilling methods, and mineral deposit models in exploration. Further, the book addresses the evaluation of mineral resources, from sampling techniques to the economic evaluation of mining projects (i.e. types and density of sampling, mean grade definition and calculation, Sichel’s estimator, evaluation methods – classical and geostatistical, economic evaluation – NPV, IRR, and PP, estimation of risk, and software for evaluating mineral resources). It subsequently describes key mineral resource exploitation methods (open pit and underground mining) and the mineral processing required to obtain saleable products (crushing, grinding, sizing, ore separation, and concentrate dewatering, also with some text devoted to tailings dams). Lastly, the book discusses the environmental impact of mining, covering all the aspects of this very important topic, from the description of diverse impacts to the environmental impact assessment (EIA), which is essential in modern mining projects.