1/8 Dimension Stone (DS): Now if there ever was a cut-throat business, it would be this one. Worse than the diamond industry in terms of competitiveness, it seems the Taiwanese & the Italians have pretty much cornered the market. This particular granite mine is in Zimbabwe🇿🇼
2/8 Dimension stone is a really messy mining business with quite a serious environmental footprint. Hard to rehab the holes and tonnes of oversize rubble. Blame the banks & other rich Co's that want beautiful skyscrapers & floors, for example the Scotiabank building in Toronto.
3/8 Only 10-25% of what is mined goes out as sellable product. This is because its only possible to sell big, clean blocks with no faults or joints; natural weaknesses which cause a block to split when it is cut by a diamond saw. Breaks easily. Blocks are huge & generally
4/8 difficult to move. Earthmoving equipment does not last long at all➡️High maintenance cost per tonne. The blocks are mined by a combination of diamond wire cutting &drilling lots of parallel holes, then splitting it off. Just imagine breaking out the four 4 sides of each block
5/8 perfectly every time: Hard to impossible without first mining a slot behind / beneath the block you are targeting. In this pic they are drilling the bottom holes. Holes have to be slowly, surveyed exactly parallel to create a clean split. Diamond wire cutting is done by
6/8 threading a continuous steel rope impregnated with diamonds around the block, and then tensioning it and running it through a machine. its a similar mechanism to a ski lift, but the abrasion of the rope cuts a smooth slot in the rock instead of returning over a pulley.
7/8 It is not hard to imagine that with all the mining losses & labour-intensive & time consuming setup and recovery results in the highest cost per tonne in the industry. The price of the blocks is determined by size, colour, weight and quality & market demand which is
8/8 variable & susceptible to global economic conditions. Red and black granites are only found in a few parts of the world like 🇨🇦🇿🇦and 🇿🇼 while 🇪🇸& 🇮🇹are famous for their white marbles. Certainly its a specialist, often marginal field, one I have no plans to venture into.😑
1/23 #Economics of #OpenPit#Mining & its impact on a Mining Co's success. This brilliant pic of Letseng diamond mine in Lesotho shows the results of sensible & good strategic & tactical mine #planning. Take a careful look and then compare this pic to the next one of
2/23 Guyana Goldfields, which is an example of what NOT to do. At first glance, the two pits don't look too dissimilar, right? But what from these pictures is it that lead to the disaster & ultimate collapse sale of $GUY, while GEM Diamonds is still doing great? Can you tell?
3/23 The answers is in the phasing of the pit & ramp access. GUY's next pushback (yellow) is constantly cutting off access (red) to the cut below from blasting -The only cut which supplies the gold. They have to mine the yellow cut/pushback to expose ore later on but it looks
1/7 @BigQuestionsNow A Q about this chart you or someone can help me with: We have high Ag/Au at the top of our mine moving to Zn/Pb/Ag w/ decreasing Ag, no Au at depth. Below that we expect & start 2 c more Cu. But in this graphic there is Cu-Au. Does this model work for us?
2/7 The Zn-Pb-Ag mineralized zones that comprise the El Mochito deposit are classified as distal zinc skarns as defined by Meinert (1992). You'll see the wildcat hole we are planning in the graphic below, probing for a heat source, which has, until now been elusive. The highest
3/7 Cu grades (of 0.7%) in the mine are patchy, never considered economic but can be found close to the collar of this new hole in that thicker manto area. We have high Ag grades in the vertical chimney orebodies, and mostly base metals at the bottom. Geology background below.
1/10 Here's the thing about many MINING TECHNICAL CONSULTANTS: Its not about the software, its about the assumptions used in the JORC or NI 43-101 docs. If you know how, you can make a bad project look quite good and a good project look bad. I call it
2/10 "Sum of the assumptions effect," with either a conservative or optimistic slant. There are literally hundreds of assumptions which can be manipulated to get to the desired objective. For example lets just look at how a resource & reserve changes with relatively small diffs
3/10 The impact is exacerbated when taking these assumptions into an mining, economic schedule and that's assuming we don't vary the financial assumptions much. It's an art & if you're good at it few will notice what is is being done.
1/16 So where was I going with #mining block models in my previous thread? I can now show you how we use them to optimise for open pit mining and approximate a good UG mine plan as well. To begin, the decision to go open pit or UG very much depends on the shape & size of the ore
2/16 body, and the decision is usually intuitive. Sometimes a combination of OP & UG methods makes more sense. Consider the following theoretical block model representing a rich, vertical ore body. Assume this is a 2D environment, not a 3D one, with coloured units of value.
3/16 Now with our avatar safely removed w/o any major social justice fallout, we can get on with the open pit mining. 😉 Let's assume that the cost of mining is 1 unit, processing cost 0, what would the value be mining the 1st level by Open Pit methods?
1/9 BLOCK MODELLING: Imagine you have a gold ore body that looks like this in section after your geologist has done his interpretation. To keep things simple, let's assume you are very promotional QP who is comfortable with just two drill holes to build your resource 😏
2/9 In the drawing above the line representing the ore body (blue) is the geological INTERPRETATION based on known info. The block model is essentially an integration of slices (or blocks) of that interpretation so we can model all the variable properties that make up that shape.
3/9 A block model is a 3D grid of blocks in space. In our 2D example, every block that has, say >10% ore will be flagged as an ore block. Each block has the same volume, and if we know the density for each, we can calc. the tonnage inside each too.
1/6 This is a really nice pic showing what "double-sided loading" means. Single-sided loading implies there is only room to reverse one truck in next to the shovel. What it implies is that the second truck will be filled faster than it otherwise would have been, not having to
2/6 wait off to one side for the 1st truck to be loaded and pull away, then reverse into position. You might not think the 30 seconds or so in lost time is that much until you sit down and do the calculation (see below). Of course, this assumes each truck is always going to save
3/6 30 seconds on every trip because it would always be waiting for another truck at the shovel. Another solution would be to ensure you have enough shovels so that no truck would ever find itself waiting (ideal) but then you are not being capital efficient on the shovel side