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By J P. Sykes, C Gemell, A Trench

The perceived and actual impact of government mineral policy upon the government share from gold mining revenues is assessed for ten key countries in which the gold sector is of relevance in advancing economic growth. Five African and five South American jurisdictions are considered, namely Burkina Faso, Ghana, Mali, South Africa and Tanzania from Africa; and Brazil, Chile, Colombia, Guyana and Peru in South America.Both the headline corporate income tax rate and royalty level are identified as poor indicators for the total government share. In addition, significant differences between industry perception and actual government tax levels are identified by this study. The quantitative financial analysis shows that there is no clear relationship between individual taxation rates, taken in isolation, and the overall average effective tax rate (AETR) paid by the project over its life. Neither companies nor governments should use individual taxation rates, or industry perceptions, in isolation to assess the overall competitiveness or equity of a country’s minerals taxation regime – such analysis can be very misleading.In this study, the perceived impact is determined from the well-established Fraser Institute survey published each year, and in 2014 compared 122 minerals jurisdictions globally. The actual impact is determined from quantitative modelling of the financial performance of a hypothetical gold mining project in each country. The technical parameters of the project are held constant; instead the differing mineral policies in each jurisdiction are applied to determine the resultant impact upon the relative share of the economic rents delivered to both private and public sectors. In the quantitative analysis, the total government share varies from 36.3 per cent in South Africa to 66.5 per cent in Ghana.CITATION:Gemell, C, Sykes, J P and Trench, A, 2016. Is perception reality? Evaluating the fiscal attractiveness of international jurisdictions for gold mining investment, in Proceedings International Mine Management Conference, pp 227-238 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Jun 22, 2016

By H He, S Tillotson, S Gibbons, J Shaw

"Water evaluation and management during mining exploration and operational activities is crucial to minimise direct and indirect operational costs and also in delivering mining companies the less tangible, but equally critical æsocial license to operateÆ.Mining is often carried out in remote areas, where the mine will be the most significant and visible user and potential contaminator of water resources. However, wherever it is located, a mineÆs use of water must be managed in the context of two key aspects: the natural parameters of the resource; its abundance, its temporal variability and its chemical and physical qualities other users of the resource; other industry, potable water supplies and ecological requirements of local habitats.It is vital, therefore, that this commodity be assessed to an appropriate degree to help establish the viability and sustainability of the mining project and identify those other stakeholders who may be affected by the mining companyÆs activities.This paper outlines the background to catchment-scale model and presents a cost-effective method for establishing a robust water baseline and creating a water management tool to be used throughout whole mine life cycle. Numerical surface and groundwater modelling has long been established as a tool for reactive management, following collation of yearsÆ worth of data. Now, using freely available remote sensing data and desk study information, analytical modelling techniques can be used cost effectively to provide mining companies with a tool for assessing and managing their water consumption requirements at the outset of a new project venture.The paper includes a selection of case studies to show how the use of analytical modelling can be used as an evaluation and management tool to help not only assess general watershed parameters and water availability but also how it can be used as a tool to provide decision makers with the information to complete æwhat if?Æ scenario assessments. The case studies illustrate how a combined hydrological and hydrogeological model may enable identification of sensitive receptors, water competition issues and contaminant migration pathways to help manage the risks associated with water consumption and its potential contamination from exploration and operational activities.CITATION:Gibbons, S, Shaw, J, Tillotson, S and He, H, 2013. Catchment-scale water modelling and its role in risk management during mining exploration, in Proceedings Water in Mining 2013, pp 175-188 (The Australasian Institute of Mining and Metallurgy: Melbourne)."

Nov 26, 2013

By Abbott T. M

Alcoa of Australia operates three Alumina refineries in the South West of Western Australia at Kwinana adjacent to the South suburbs of Perth and at Pinjarra and Wagerup in rural settings 100 and 150 kilometres south of Perth respectively (see Figure 1). Alcoa's total alumina production is currently around five million tonnes per annum and this will increase to 5.5 million tonnes by early 1990. Further expansion of production is likely if current world aluminium demand trends continue. Alcoa's refineries utilise bauxite mined in the nearby Darling Range which is low grade by world standards having around 32 % by weight extractable alumina (by comparison Weipa bauxite yields around 55% alumina). This means that for every tonne of alumina produced two tonnes of solid wastes remain and therefore while we in Western Australia can boast of hosting the largest alumina industry in the world with around 18% of total world production we suffer from having the lion's share or 40% of the world's bauxite residues to dispose of. In its Western Australian setting the management of these residues in a manner which is acceptable to the community creates many challenges. These are primarily due to the mass and volume of waste produced, its chemical and physical characteristics and the environmental features of the local area including close proximity of neighbours, competing land uses and the presence of natural resources such as surface water and groundwater. In addition the trend towards more stringent statutory environmental controls and greater political and community awareness of environmental issues means that we must be able to demonstrate improvements that will reduce the considerable adverse impacts of past practices. Of course we must also try to keep the overall cost of residue disposal as low as possible to maintain our competitiveness with refineries which may have much smaller volumes of waste to dispose of and less environmental constraints.

Jan 1, 1989

By Koppe J. C, Costa J. F C L

This paper compares different results for overburden volume estimation assisted by geoestatistics, particularly using kriging methods. The main goal is to obtain the most reliable digital terrain model for the calculation of the overburden volume. The data was collected on an irregularly spaced grid and interpolated values were calculated to provide a denser, more regular data set before volume estimation. The field work was developed at the Butia-Leste Coal Mine, southern most Brazil, where an accurate survey was done using a total station theodolite with electronic data collector. The study was developed in five main steps: data acquisition, exploratory data analysis, spatial continuity measurements, point and block kriging estimation and verification of the results. Data acquisition was carried out on a 5 x 5 in grid. This dense grid provides an exhaustive data set of the real terrain against which data subsets can be compared for the various interpolation procedures and volume calculation. This provides an interesting insight into the influence of the number of data on the estimation error. Univariate statistics were used to compare each data subset and the exhaustive dataset. Ordinary kriging on the data subsets followed by contouring was carried out using Geoeas and Surfer software respectively. A subroutine written in C provided the link between the files generated in Geoeas and subsequent contouring routines embedded into the Surfer package. Omnidirectional and directional variograms were modelled defining the parameters for kriging estimation using Geoeas. Different variogram models were checked through cross validation prior to kriging. A comparison between the magnitude of the differences in volumes calculated with the different DTMs was attained. These final result indicates the sensitivity of the volume obtained to the number of data points. As the number of data points increases the estimation error decreases, but at some point there is no significant decrease in the final volume with the collection of additional data.

Jan 1, 1995

By D Schwab, R M. Tosdal

The Quesnell-Stikine arcs, in the Canadian Cordillera, are host to Triassic and Early Jurassic alkalic porphyry Cu-Au and calc-alkalic porphyry Cu-(Mo-Au) deposits formed outboard of ancestralNorth America in island-arc tectonic settings (McMillan, 1991). The majority of the alkalic porphyry Cu-Au deposits are products of a discrete magmatic event at the end of the Triassic, with a second and smaller event in the Early Jurassic (Mortensen, Ghosh and Ferri, 1995). Of the Triassic complexes, the Galore Creek alkalic intrusive suite is one of the largest and most silica-undersaturated intrusive complexes, and host to the most significant undeveloped alkalic porphyry Cu-Au resource in North America (Lang, Stanley and Thompson, 1995). Because of the common presence of feldspathoidal-bearing rocks in the complex (Enns et al, 1995), Galore Creek likely represents an end member example of the alkalic porphyry Cu-Au class. The Galore Creek alkalic Cu-Au-Ag porphyry district, located in NW British Columbia (Canada), contains 12 mineralised prospects (Enns et al, 1995; Micko et al, 2007; Schwab et al, in press) with a total measured and indicated resources of 785.7 Mt at 0.52 per cent Cu, 0.29 g/t Au and 4.87 g/t Ag (NovaGold Resources Inc, February, 2008). The Central Zone is the largest and best delineated. Other economically important mineralised centres include the South-West, Bountiful, West Fork and Junction deposits. The South-West Zone, the focus of this contribution, is a Cu-Au-Ag breccia-centred deposit with a measured and indicated resource of 69 Mt grading 0.42 per cent Cu, 0.69 g/t Au, 2.67 g/t Ag. Hosted in brecciated intrusive rocks, the South-West Zone is distinctly younger than the Central Zone and most of the other mineralised centres (Enns et al, 1995; Schwab et al, in press). The South-West Zone therefore preserves the late stages of hydrothermal evolution at Galore Creek. An EXTENDED ABSTRACT is available for download. A full-length paper was not prepared for this presentation.

Jan 1, 2008

By J Gould, T Elkington

Mine operation strategies are commonly optimised with a net present value (NPV) maximisation objective. There are well known properties of a typical mining project optimised for NPV, including high production rates and declining cut-off grade schedules. In practice, however, frequently there are operations that diverge from such NPV-maximising properties. Although a range of reasons for this can be at play, one possible explanation is that operators intuitively adjust their strategies to compensate for the flaws inherent to NPV maximisation. In particular, NPV analysis does not reflect the benefits of managerial flexibility inherent in a mining plan. Real options valuation (ROV) is an alternative approach that addresses this issue. We compare the properties of NPV and ROV optimisation solutions generated for the same scenario. Our simple case study demonstrates that the presence of real operating options in the optimisation model not only entails increased project value as expected, but also tends to encourage lower processing capacity (with lower associated capital cost), higher cut-off grades and greater use of stockpiles.CITATION:Elkington, T and Gould, J, 2012. Real option value optimisation, in Proceedings Project Evaluation 2012 , pp 35-40 (The Australasian Institute of Mining and Metallurgy: Melbourne).

May 24, 2012

By E Holloway

The optimisation of an open pit mine can be broadly split into two stages, the first being the ultimate pit optimisation (and subsequent stage designs), and the second being schedule optimisation. Macroeconomic uncertainty clearly impacts on both however interrelationships do also exist. Generally, the opportunity exists for the ultimate pit to be revised during each planning cycle, however when this reprieve is removed the uncertainty for the underlying business increases. As one example, the introduction of an in-pit waste dump can be seen to significantly limit the option to revise the ultimate pit. When in this situation there are two potential risks that present: (i) the long-term price used for the ultimate pit selection is optimistic, and too large of a pit is selected resulting in waste being mined which uncovers material not of a significant value to deliver a profit; (ii) the long-term price used for the ultimate pit selection is pessimistic, too small of an ultimate pit is selected, and ore of realisable economic value left behind. Both of these outcomes are risks and as such can be assessed and quantified. CITATION: Holloway, E, 2018. Incorporating economic variability into a strategic planning framework, in Proceedings Complex Orebodies Conference 2018, pp 88–90 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Nov 21, 2018

By I Gray

While in some cases it is vitally important to measure the virgin stress in rock prior to tunnelling there are a number of cases where such stress measurement is really not required. The concept of having to have a number to put in a numerical model representing a continuum is often quite inappropriate. This paper discusses the cases when virgin stress measurement is required and the most appropriate means to measure it. The techniques discussed cover all of the overcoring systems, hydrofracture and borehole breakout measurements. It also covers the use of rock surface stress measurement, which is easy to perform and should be used to check for changing stress conditions. Unfortunately this technique has been ignored in recent times because engineers are addicted to numerical models requiring far field stresses rather than measuring the real values that exist where they matter – at the tunnel wall. A case is presented in which the measurement of surface stress in a tunnel boring machine tunnel enabled the far field stress to be determined in what must be the world’s largest overcore.CITATION:Gray, I, 2014. The measurement of rock stress for tunnelling, in Proceedings 15th Australasian Tunnelling Conference 2014 , pp 153–160 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Sep 17, 2014

By J E. Everett, K Jupp, T J. Howard

Simulation modelling is a practice commonly used in the mining industry to evaluate alternative process designs. Such modelling is typically undertaken as an optimisation study to increase the efficiencies, productivity and product quality of operating mines. In this situation, real short-term grade variability data of extracted ore are available from production records as input data into the simulation.There is also a need for simulation modelling to be performed before mines are approved for construction to clarify the grade variability characteristics that can be expected from the operating mine and assist in the optimisation of the process design. In this situation no historical short-term grade variability data are available. To achieve meaningful and reliable results from a simulation it is necessary to have input data for the ore to be extracted from the pits, representative of the short-term grade variability that would be expected for the operating mine.This paper describes an example of a path taken to generate realistic input data.A method described as composite cut-off criterion was used to distinguish ore from waste, which gave substantially greater recovered tonnage at target grade compared to the conventional quadrant cut-off grade criteria.The only data available for the project was resource model data in the form of kriged block models, which are known to underestimate true ore grade variability. To achieve realistic results from the simulation it was essential to increase this variability while maintaining the accurate average grades. Areas of certain deposits that were modelled using both kriging and conditional simulation estimation techniques were quantitatively compared to establish the comparative variance and the kriged data was modified to match the conditionally simulated variance.A realistic mining model was generated via a process of discretisation and regularisation of the resource blocks. Quantitative assessment demonstrated that this method adequately compensated for ore dilution and that adjustment for ore loss was not required due to an ore skin surrounding the edge blocks.The conditioned data was then used to generate a schedule of daily mine extraction, considering grade variability, tonnage, equipment constraints and extensive blended-in-blended-out precrusher stockpiles to feed into the process design simulations.For the precrusher stockpiles a number of alternative allocation criteria were examined for ore being extracted from the pits to identify the best method in achieving reduced variability through the daily scheduling system. The study concluded that a single analyte separation criterion produced acceptable variability with minimal complexity.The blending efficiency of manually stacked and reclaimed precrusher stockpiles was studied to determine a realistic blending efficiency within the pile. A recommended method of building and reclaiming was determined to give maximum blending efficiency.Finally, the data was used as input into process design simulation models; simulation from crusher feed to shiploading demonstrating that control of shipment grade variability was achievable and that the conditioning of the data delivered realistic results.CITATION:Jupp, K, Howard, T J and Everett, J E, 2013. Generating synthetic data for simulation modelling in iron ore, in Proceedings The Second AusIMM International Geometallurgy Conference (GeoMet) 2013 , pp 231-238 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Sep 29, 2013

Adsorption Behaviours of Humic Substances onto Iron Ore Particle Surface Humic substances extracted from lignite mainly consist of fulvic acids (FA) and humic acids (HA), which have been successfully used as good composite binders for iron ore pellets in laboratory tests and industrial production. However, there exists a general lack of understanding of the interaction between humic substances and iron ore particles surfaces. In this research, by means of zeta potential measurements, Fourier Transform Infrared (FTIR) spectrum, colorimetric method and Environmental Scanning Electron Micrograph (ESEM) imaging, the adsorption behaviours of FA and HA onto the surfaces of iron ore particles are investigated. The zeta potential results indicate that adsorption of FA on the iron ore particles can be characterised by specific and electrostatic interactions, while adsorption of HA is by electrostatic and chemical adsorption interactions. FTIR spectrum results show that adsorption force of FA on the iron ore particle surfaces is stronger than that of HA. From results of colorimetric method, compared with HA, adsorption amount and adsorption rate of FA is more and faster, respectively. FA molecule presents on the surface of magnetite in the shape of an araneose network structure according to the ESEM images, while HA molecule appears on the surface of magnetite in the form of small flocs or microclusters. Humic substances are effective to iron ore pelletisation. Comparsion of agglomeration results show that the different mechanisms of adsorption result in varied agglomeration behaviours. Theses findings above would be beneficial to the implications of composite binder for agglomeration.  

Sep 13, 2010

By B J. Monaghan, R J. Longbottom, D J. Pinson, S J. Chew

Recycling steel plant by-products is a critical issue for achieving both environmental and economic sustainability of integrated steel plants. A key steel plant by-product stream is dust from basic oxygen steelmaking (BOS), which can be recycled back to the BOS vessel as iron units and to aid slag formation. The major limitations for its recycling are zinc and the uncertainty in zinc speciation of the dust. This uncertainty affects the amount of dust recycled and how it interacts with the slag during processing. BOS dust in stockpiles can undergo self-sintering reactions that oxidise the iron-bearing components. As this occurs, zinc (or oxide) may combine with iron oxides to form a zinc-iron spinel solid solution phase. Knowing which zinc-bearing species are present in the BOS dust is a key aspect in understanding and developing an efficient recycling process for the dust. To overcome difficulties associated with phase identification in the BOS dust (both fresh and selfsintered), particularly the magnetite-zinc ferrite spinel solid solution using X-ray diffraction (XRD) / scanning electron microscopy (SEM) / energy dispersive spectroscopy (EDS), high end characterisation tools, transmission electron microscopy (TEM) and Mössbauer spectroscopy, were also used. Such an approach allowed improved phase identification of key zinc- and iron-bearing phases that were not previously resolvable. The zinc in fresh BOS dust was mostly present as extremely fine separate particles of zinc oxide, attached to the iron particles. These extremely fine particles were <10 nm in size. Additionally, a small amount of zinc ferrite was also identified within the sample (most likely contained within a magnetite-zinc ferrite spinel solid solution). However, the zinc in the self-sintered BOS dust, was found to be present entirely in a magnetite-zinc ferrite spinel solid solution. While this spinel phase had been previously identified by XRD, it was not clear that it contained zinc. The Mössbauer results provided definitive evidence of zinc within the spinel phase.

Jun 19, 2024

By B Smith, R Gelson

Springvale Colliery is an underground longwall mine situated approximately 10 km north-west of Lithgow in the western coalfields of New South Wales. Following a full-scale review of the mineÆs ventilation system in mid-2010, it was clear that the mine by early 2013 would become ventilation constrained as a result of the increasing size of the mine workings, the predicted worsening tailgate conditions and plans to introduce a fourth continuous miner unit. This realisation led Springvale to embark on a major upgrade of the mine ventilation system that would meet short-term and life-of-mine (LOM) requirements.Included in the upgrade project was the installation of a new high pressure centrifugal main exhaust fan that is capable of overcoming the high resistances imposed frequently on the circuit by restrictions in the tailgate airway. The new fan featuring a 2.5 MW motor is designed to be capable of operating at a quantity of 250 m3/s at a pressure of 7.9 kPa, a substantial improvement over the previous system, which had an operating duty of approximately 145 m3/s at 1.9 kPa. The new fan is of a centre hung design and features a backup diesel motor to maintain ventilation in the event of a power outage.Structural engineering analysis determined that under the operation of the new main fan the existing standard of ventilation control devices (VCDs) at Springvale would not be adequate to withstand the increase in differential pressures. As such, an upgrade of critical VCDs was undertaken utilising a novel high flexural strength (9 MPa) shotcrete and thin spray-on liner, which help serve to safeguard the structural integrity of the appliances and prevent increased leakage as roadway conditions at VCD sites deteriorate over time (a serious problem in many areas of the workings at Springvale).In addition to the main ventilation system upgrade, a separate upgrade focusing on improving development face ventilation was also undertaken. This upgrade included the purchase of two high capacity (22 m3/s) variable inlet vane (VIV) auxiliary fans to facilitate comfortable development face ventilation.The upgrade of the mine ventilation system at Springvale has been three years in the making, but has removed a major business risk in that it has afforded mine planning and operational flexibility (a fourth unit can now be introduced) for the LOM, and importantly provided unprecedented levels of comfort to operators at the working faces where previously ventilation and heat issues were frequently reported. The impact of this on the morale of the workforce, and hence their output, should not be underestimated.CITATION:Gelson, R and Smith, B, 2013. Life-of-mine ventilation system upgrade at Springvale Colliery - A case study, in Proceedings The Australian Mine Ventilation Conference , pp 79-86 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Jul 1, 2013

By W A. Ducker, R-H Yoon, M Mao

Froth flotation relies on an attractive force between a particle and a bubble to selectively extract particles from a mixture. The range and magnitude of this attractive force is an area of ongoing investigation. We describe measurements of the effect of dissolved gases on the long-range attractive surface forces between a silica plate and a glass sphere in aqueous octadecyltrimethylammonium chloride (C18TACl) solutions. The measurements follow on the work of Sakamoto et al (2002) who have concluded that long-range interactions occur in air-equilibrated surfactant solutions but not in degassed solutions. In the present work, we have measured attractive forces that have a much larger in magnitude than the expected van der Waals force in solutions that were degassed by the same procedure used by Sakamoto et al (2002). We find that the forces are most attractive at 5 + 10-6 M C18TACl, which is close to the charge compensation point (ccp) of the glass sphere. At this concentration, the attractive force decays exponentially with distance and the decay length is 34 in air-saturated solution, and 38 nm in degassed solutions. In both air-equilibrated and degassed solution, the force is quite sensitive to the concentration of surfactant. The force is also sensitive to the pH. We note that our degassing procedure increases the pH of the solution from about 5.7 to 6.6 (presumably by removal of dissolved CO2). We find that the forces measured in degassed solution can be reproduced by using a solution that was equilibrated in air, then the pH was increased by addition of NaOH. Therefore, we conclude that the main effect of degassing in our experiments is to raise the pH. We show that the range and magnitude of the attractive force decreases in the presence of salt (NaCl). This suggests an electrostatic mechanism for the attraction. Possible mechanisms for the attractive force are examined, including the mechanisms that rely on a patchy coverage of surfactant on the silica surface.

Jan 1, 2005

By J H. Kyle

Cyanide is a significant cost in gold processing, as well as an environmentally sensitive issue. It has been suggested that precipitation of cyanide from leach liquors as copper-iron-cyanide compounds such as Cu2Fe(CN)6 may account for part of the total cyanide consumption. This may be especially true for ores that are rich in both copper and iron minerals. Ammonia addition has been shown to decrease the cyanide consumption by copper. Cu2Fe(CN)6.xNH3 precipitates have also been postulated to form during conventional cyanide detoxification processes, using oxidants such as SO2/air, with ammonia arising as a breakdown product from the oxidation of free cyanide. The present work has examined the conditions under which such precipitates may form, particularly in gold plant process and detoxification liquors. Ammonia and pH were found to have a large effect on the extent of precipitation. The compounds that were formed were found to comprise mainly Cu2Fe(CN)6.7H2O, as well as a range of NH3-bearing variants. The stabilities of the various precipitates are important from an environmental perspective. The long-term stability of copper ferrocyanide precipitates in tailings dams may be a problem under alkaline conditions and when some free cyanide is present, elevating the measured total cyanide in solution significantly. Case studies including data from actual plants are also considered, and the importance of these effects is reaffirmed from these results.

Jan 1, 2000

By Upfold RW, Velzeboer MD

An underground mine fire will influence the ventilation equilibrium in several ways which results in a redistribution of the ventilating quantities and pressures throughout the whole mine. The ventilation carries the combustion products which constitute the greatest danger of mine fires through the mine and provides the oxygen on which the intensity of the fire depends. However, as a result of the ventilat- ion disturbances created by the fire, changes in airflow patterns can take place which are not always obvious, especially when the mine is being served by several fans. The use of com- puter simulation techniques allow for the likely effects to be tested and the different ventilation options to be evaluated as an integral part of the overall emergency/rescue planning and control procedures.

Jan 1, 1981

By J A. Sanchidrián

The general ranges of validity of some distribution functions are assessed from their behaviour with 119 sets of fragmentation data from bench blasting obtained by sieving. The emphasis is on determining the lower size/passing limit that the size-scaled Rosin-Rammler, Grady and Swebrec functions, and their bi-component versions, can represent with reasonable precision. By fitting these functions to the data using different weights, the accuracy of the fit varies in the different size/passing zones, so that an overall knowledge of the capacity of the function is obtained across the whole size range, from the coarse zone to the fines. Reasonable ranges of use of bimodal Rosin-Rammler and extended Swebrec (all of them five-parameter, bi-component distributions) are, in terms of percentage passing p, 99 &gt; p &gt; 2 per cent (up to 100 per cent for the extended Swebrec), or 90 &gt; p &gt; 0.5 per cent, in which the expected error of the calculated size is below 15 per cent in the extremes of the range, and less than five per cent in most of the central range; maximum errors (ie errors that will only rarely be exceeded) are typically less than 50 per cent in the central range, and up to about 100 per cent in the extremes. Ranges of use for the Swebrec and the size-scaled Rosin-Rammler (three-parameter distributions), with only slightly larger errors than the bi-components, are 100 &gt; p &gt; 5 per cent or 80 &gt; p &gt; 2 per cent. The classical two-parameter Rosin-Rammler can be used in the range 95 &gt; p &gt; 20 per cent or 90 &gt; p &gt; 10 per cent, with expected and maximum errors less than about 15 per cent and 100 per cent respectively.CITATION:Sanchidri&#225;n, J A, 2015. Ranges of validity of some distribution functions for blast-fragmented rock, in Proceedings 11th International Symposium on Rock Fragmentation by Blasting, pp 741–748 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Aug 24, 2015

By D Brereton, C J. Moran

In this era of rising focus on the social and environmental costs and benefits of mining operations, the valuation methodologies used to assess such impacts become increasingly important. Within an industry dominated by an engineering culture that places emphasis on net present value (NPV) calculations using high discount rates, difficulties often arise when attempting to justify projects with longer-term, harder to quantify benefits. This is particularly so when these benefits fall in the social and environmental domains and involve other stakeholders. In this paper, we summarise the results of a recent literature review on this subject, which focused on the valuation of æBeyond ComplianceÆ initiatives in the mining sector. We discuss a range of approaches including the quantification of hidden internal costs, financial methods of incorporating risk into calculations, the integration of quantitative and qualitative information, and also the valuation of æexternalitiesÆ or costs and benefits borne by others. We then use a series of examples relating to the management of water in the minerals industry to illustrate how some of these approaches could be applied. There are high-level commitments from both individual companies and groups such as the ICMM to incorporate sustainable development criteria into decision-making processes within the industry. We conclude the paper by arguing that, to meet these commitments, there is a need for the industry to adopt a broader range of valuation methodologies than appears to be the case at present.

Jan 1, 2006

By I Lipton

The existence of metalliferous mineral deposits on the deep-sea floor has been known since manganese nodules were discovered in the Arctic Kara Sea in 1868. Modern exploration to define commercially viable base and precious metal deposits began in the 1970s and gained further momentum in the last decade. High grade deposits have been delineated but investors remain cautious, many considering deep sea mining projects to be riskier than terrestrial projects. This paper compares opportunities and risks presented by terrestrial mining projects with those presented by deep sea mineral deposits (Table 1). The Solwara 1 volcanic-hosted massive Cu-Au-Ag sulphide deposit, the Atlantis II Deeps sedimentary base metal sulphide deposit, and the Mn-Ni-Cu-Co nodule deposits of the north-eastern Pacific Ocean are used as examples. These are advanced deep-sea projects with published Mineral Resource estimates, on the cusp of development. Off-shore diamond mines in Namibia are also considered. These examples provide a basis for comparing exploration and geological uncertainty, the technical risks of proposed mining systems, and the potential environmental and social impacts. CITATION: Lipton, I, 2018. A comparison of opportunity and risk in deep-sea and terrestrial mining projects, in Proceedings Complex Orebodies Conference 2018, pp 102–105 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Nov 21, 2018

During the past eight years a vigorous drilling campaign resulted in large increases in the reserves of both copper and silver-lead-zinc ores.As a result the Company initiated an increased production programme.Some major capital works have been completed, others are in progress and more are needed to achieve the proposed daily throughput of 14,400 tons. The increased ore potential justified a copper refinery which has been constructed at Townsville. The increased production rate achieved to date, combined with improved techniques and greater mechanization, is assisting the Company to combat the general inflationary trends caused by increased costs for labour and materials.INTRODUCTION&quot;Today we are armed with better weapons in our fight for lowered costs and greater efficiency, but we must not flag in our efforts to improve.&quot; Such was the resolution expressed by Mr. K. B. Gross, then General Manager of the Company, in his review lecture delivered to the First Ordinary Meeting of The Australasian Institute of Mining and Metallurgy at Mount Isa on 18th August, 1952. This present review of the period 1952 to 1960 records our efforts to fulfil this resolution. At the th:ne of Mr. Gross&apos;s statement,copper production was commencing in earnest. Although the importance of Mount Isa&apos;s copper orebodies was well recognized, the major discoveries which led to Mount Isa&apos;s emergence as Australia&apos;s premier copper mining and smelting operation were not known. These ore discoveries and their subsequent development are the major factors which warrant a further review of the Company&apos;s progress.The increased magnitude of the Company&apos;s operations is illustrated on graphs of Tons of Ore Treated (Fig. 1), Metals in Products (Fig. 2), Water Consumption (Fig. 3)...

Jan 1, 1961

By P M. Ashley, M T. Costelloe

The Mary Kathleen tailings storage facility (TSF) contains 7.1 Mt of uranium mill tailings. This waste repository was rehabilitated in the mid-1980s using a multibarrier dry cover. At the time of mine closure, it was predicted that acid mine drainage (AMD) generation would not eventuate and that uranium, heavy metals and radionuclides would be adsorbed within the tailings and not seep from the TSF into the environment. This study reports on the environmental status of the TSF. Gamma-ray measurements indicate an intact dry cover of the waste repository. However, seepage (~0.5 L s-1) of acid (pH 5.71), saline (0.31 per cent), high conductivity (8.8 mS cm-1), slightly oxygenated (DO 2.6 mg L-1), radioactive waters occurs from the toe of the tailings dam into the former evaporation ponds and local drainage system. Seepage waters are calcium-magnesium-sulfate rich with elevated Fe, Mn, Ni, U and Zn values. Oxygenation of tailings seepages causes the precipitation of Fe and coprecipitation and adsorption of other metals (Pb, U, Y), metalloids (As), rare earth elements (Ce, La) and radionuclides (U-235, U-238, Th-227). In contrast, Ba, Ni, Sr, Mn, P, S, Ca, Mg, Na and K as well as Ra nuclides (Ra-226 and Ra-228) remain in solution until pH neutralisation and evaporation lead to their precipitation in efflorescences and sulfate-rich evaporative sediments further downstream. Dry capping of Mary Kathleen uranium mill tailings has resulted in physical containment of the wastes. The dry cover shows no signs of erosion and radiation levels are within acceptable limits. However, the flow rate of surface seepage from the TSF occurs at a much higher rate than predicted. Also, the neutralising potential and adsorption capacity of the tailings and underlying aquifer were overestimated at the time of mine closure. AMD has developed mobilising metals, metalloids, rare earth elements, alkalis, radionuclides and sulfate from the waste repository into surface water seepages.

Jan 1, 2003