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Portfolio management tends to separate the functions of Asset Allocation and Stock Selection, so the person responsible for reviewing an expert's report on a company would typically be choosing between companies rather than between a company and cash or bonds. How these choices are made depends on the investment time horizon, philosophy and style. Two styles, momentum investing and value investing are contrasted and the role of valuation methods within the framework of each style is evaluated. Finally, pricing is distinguished from valuation.

Jan 1, 1994

By Haskard R. W

A method of raising has been developed at Cobar Mines Pty Ltd's CSA Mine which has achieved advance of up to 6 m in a single blast and raises are now developed which have averaged 4.2 m per blast. The method is a form of Long Hole Raising and is applicable to short raises of less than 50 m length. Blast holes are column charged and initiated sequentially with short delay detonators (millisecond). The equipment used to drill the raising blast holes consists of normal production drilling rigs and accessories and no other special equipment is required. The method has significant advantages in rates of performance and fits neatly into production drilling and blasting schedules. The method is also far safer than any non-mechanical or conventional means of Raising.

Jan 1, 1983

By Will D. P

A 328 m, 2.4 m diameter raise-bored shaft has been equipped with a modular ladderway system to provide a second means of egress from Aberfoyle's Hellyer Mine in Tasmania. The modular ladderway consists of platforms, ladders and service pipes assembled at the surface and progressively lowered down the shaft. This system provides a rapid, safe and economical non-entry approach to equipping a shaft. The modular construction and single suspension allows for future extension or for reuse in another shaft.

Jan 1, 1988

By Fabjanczyk M. W

Artificial ground support has developed into a refined science over the past 20 years. From reactive support systems such as timber props and steel supports, to active systems such as roof bolts and cable anchors, ground support technology has now developed efficient systems that work well in many instances. However this paper demonstrates that there is still a long way to go to develop optimum ground support systems. Some conventional rock bolts and cable anchors emphasise their tensile capacity only, without considering other factors such as their shear strength or shear modulus, or if the support member can transfer all of its support capacity to the surrounding rock. Examples are given of the use of ground anchors with high tensile and shear capacity in underground coal mining as well as examples of slope failures in open pits where the cable bolts have remained intact because they have been unable to transfer their full capacity to the surrounding weak rock mass. For underground coal mines, speed of installation is also of primary concern, but it must also have high tensile and shear capacity both in terms of strength and stiffness. Ground support systems of the future must therefore address these problems. An innovative new rock bolt is discussed which goes some way towards solving these problems. This new rock bolt is screwed into the rock and thus has a direct mechanical interlock with the rock. Initial field results show that it has an extremely high anchor capacity and can be fully installed in approximately 30 seconds. It has considerable capacity to improve the productivity of the coal mining industry.

Jan 1, 1992

This paper firstly reviews the requirements for container and hopper design for reliable discharge. Discussion is then directed to the evaluation of the consolidation stresses acting in both in both the cylinder and hopper sections during both initial and flow conditions. Here the vast difference, especially in vicinity of the bin outlet, between the initial or filling and flow conditions is highlighted. This vast difference has major design and operation implications. A further major implication is that all bulk solids must dilate to flow. The opportunity to simultaneously attain reliable discharge and partial moisture removal is also examined.The selection of design parameters to maximise the consolidation stresses in both the cylindrical and hopper sections is detailed. In regard to the latter, it is recommended fine coal bins be discharged using low friction lined transition hoppers with large outlet spans. Such outlets will discharge fine coal in a relatively compacted state. This compaction state should exhibit minimum water retention and short term moisture uptake.

Jan 1, 1998

This paper discusses why Argyle Diamonds adopted thickened tailings disposal in 1985 and how the system was developed over the next seven years. A wide ranging review of the thickened tailings disposal system and the tailings deposit it was producing was carried out during 1992 and 1993. The results of that review led to the abandonment of thickened tailings disposal at Argyle because of serious concerns about the stability of the resultant tailings deposit. The exposure to the risk of liquefaction and an assessment of the consequences if this happened to the thickened tailings deposit are shown. The criteria for selecting the new tailings disposal strategy are then described. The final section of the paper discusses the management strategies that have been put in place. These are designed to: ò reduce the risk posed by the thickened tailings deposit to an acceptable level; ò safely store tailings to the end of mine life; ò produce a land form that can be decommissioned to the satisfaction of Government regulatory bodies.

Jan 1, 1996

By Gilbert DJ, Lemon NM

A case history of a two year study of low grade ores in the Middleback Range area with the objective of defining possible areas of interest from a combination of geological- petrological-metallurgical criteria. Covering the general geology of the area and ore types; the results of metallurgical testwork and the pattern of evolution of these tests; the petrological explanation of the results of the testwork; the culmination of the work in the selection of areas of best potential for more intensive work. Jaspilites consisting of magnetite, hematite and limonite with quartz and silicate-carbonate-sulphide minerals are hosts to high grade iron mineralisation but also constitute a large low grade iron Reserve.

Jan 1, 1975

By R Cunningham, P Duniam

Late in 2005 it became apparent that cave propagation at the Northparkes Mine was not progressing as planned. By mid-2006 sufficient Reserves were identified to warrant an extensive drill and blast program to assist in cave propagation. This program began late in 2006 and concluded early 2007. A significant challenge faced was the drilling and blasting of holes between 75 - 240 m in length in the South Wedge in Lift 2 at Northparkes Mines E26 orebody. The project set new benchmarks in production drilling and charging in underground metalliferous mining. This paper discusses the drill and blast designs, the challenges and the operational issues encountered with this project. Also highlighted are ways in which these were overcome.

Jan 1, 2007

By Singh TN

Rampura-Agucha Zinc-Lead deposit is unique as it is reported for the first time in the gneissic terrain with a rich oregrade quality of early to middle Proterozoic of Bhilwara supracrustal belt in the Precambrian of Northwest India. These sulphide ores are mostly confined to the graphite bearing Quartzofelspathic gneisses with intermittent bands of Calc-Silicate granofels and amphibolite. The ore and country rock mineralogy and their textural features are indicative of highly metamorphosed deposit and further the presence of marmatite and monoclinic phyrrhotite revealed high temperature environment of deposition.The present paper deals with some of the ideas about the ore genesis and petrographics of the associated rocks for Rampura-Agucha Zinc-Lead deposits of Bhilwara District (Rajasthan).

Jan 1, 1990

By G Muller, P Larrondo, M C. Godoy

The categories of Mineral Resources and Ore Reserves that may be used for public reporting in Australasia are defined in the current JORC Code (2004). Most internationally accepted codes emphasise the principles of transparency, materiality and competence in classifying resources. They also provide some guidance in considering the impact of data quality. There is no method recommended in the JORC Code to classify a Mineral Resource into the allowed categories of Measured, Indicated and Inferred for public reporting. A clearly defined procedure is desirable for many reasons, including consistency, repeatability and auditability. The demonstrated use of geological knowledge in the classification method is desirable. In deposits with abundant historical data there can be large variations in data type and quality. Quantification of the error of the estimates may also be considered. Ways to formally incorporate such information into the resource classification process are presented as a first step towards establishing an objective, repeatable methodology that allocates resources into appropriate categories based on defined criteria of accuracy and precision.

Jan 1, 2006

Blasting is known to be both an important and an easily quantified cost factor in rock breaking operations. However, the indirect costs and benefits of the blasting operation are not easily determined due to the irreversibility of the mechanisms involved and the multiplicity of influencing factors. A general conceptual model showing the relationship between blasting and mining costs is well known, but serious attempts to address the critical real relationships have all floundered on the fact that not enough is yet known about either detonation physics or blasting effects. This can only be remedied to the extent that blasting instrumentation enables researchers to pin down not only the relationship between the detonation process and its impact on a particular environment, but also the downhill costs of handling the rock, repairing any damage and building in "Safety Factors" to provide for imponderables. It is vital to standaraize on specifications for instrumentation and measurement techniques and there is a need to review what has been achieved in blasting expertise so as to focus on the most fruitful paths for future work.

Jan 1, 1990

By Morland R

In the course of an exploration program aimed at increasing Pasminco Mining's ore reserves, an electromagnetic survey down one of the underground drillholes at the North Mine, Broken Hill, recorded a broad and persistent response. This paper demonstrates that the anomaly was not due to any geological feature, but rather was caused by 'self-response' of the sensing probe. The observed results are due to the surveyed hole lying within a resistive environment and having distinct, but not unusual, changes in dip.This phenomenon has not been widely reported and we believe that there are likely to be similar cases in company records where very genuine looking responses are due to self-response rather than sulphides. These false anomalies can be recognised by correlating the observed data with the calculated down-hole component of the transmitting loop's primary field.

Jan 1, 1994

The mining and resources industry in general has relied on macro separation technologies (greater than 1 micron) through processes which include: ò sedimentation ò flocculation and coagulation screening and filtration ò absorption ò magnetic separation ò chemical leaching and precipitation Essentially, these processes and technologies provide the industry with an effective arsenal to handle most separation requirements to date. Dewatering of solutions is one of the most significant requirements of the resources industry, as practically all mining endeavours use water in their process for leaching, extraction, cooling, dilution or for potable drinking water.

Jan 1, 1989

By E Mielczarski

Determination of the adsorbed layer composition and structure at molecular and atomic levels and understanding adsorption mechanisms and dynamics are vitally important for the preparation of surface layers with specific functions. Direct information, at a molecular level, about mineral surface composition, its structure and surface distribution is crucial to perform an efficient separation process for mineral beneficiation. This information is equally important for modifying surface properties of industrial minerals for specific applications such as: fillers, composites, weathering resistance, etc. An understanding of the mechanisms and kinetics of the interaction of first adsorbed organic molecules with mineral surfaces is a fundamental requirement for the prediction and control of the macroscopic surface properties governing the efficiency of separation technologies or new material formulations. The developed infrared external reflection technique has a unique ability to study interface phenomena, at a molecular level, on heterogeneous substrates. The variety, precision and reliability of information about the interface phenomena delivered by this technique is superior to any other single technique. The experiments are fast and non-destructive. High sensitivity (starting from 20 per cent of the monolayer) in situ collected information in a multiphase system, even in the region of strong absorption of the substrate, makes this technique a very valuable experimental tool. The complexity of the recorded reflection spectra, their sensitivity to variations of the optical properties of all bulk and surface components and their spatial distribution in the system under investigation, are in fact the major strengths of this technique. A few examples of the application of this multi-diagnostic technique, for monitoring surface modifications of semi-soluble minerals for selective flotation, will be discussed in detail in this paper.

Jan 1, 2005

By K Zic, P Pickering, P Fraser

Water is a defining feature of the Pilbara. Its management was and remains vital for the pastoral industry which European settlers established when they first came to the Pilbara, and for the mining industry which now dominates economic activity in the Pilbara. Water availability in the Pilbara is, however, problematic. Severe droughts and major floods can occur at close intervals. In response to this uncertainty, the Department of Water undertook a Prefeasibility Study to determine, at a high level, the water requirements and opportunities in the Pilbara region. This paper reports on the outcomes of this study and the water integration opportunities in the region, identifying the sources of water supply and offers possible options for managing this water sustainably for the present and future demand. A range of supply opportunities is reviewed including: dewatering from mining operations, surface water, and desalination. All opportunities were subject to order of magnitude costing, including capital, whole of life and retail unit pricing with preferred options receiving further interrogation through triple bottom line (TBL) analysis to prioritise solutions. Options were also subject to intangible quantification (IQ) including benefits from the reduction of carbon emissions to ensure that the preferred option is based on factors other than just the least cost. Demand analysis was undertaken to identify current and future requirements and were assessed through review and integration of regional and sub regional master plans and consultation with mining, agriculture, industry and the community. The paper concludes that the viability of a Pilbara integrated water supply scheme depends on the development of a financial mechanism involving both government and industry participation models. The agreed scheme formed the basis of a submission to Infrastructure Australia for funding assistance.

Jan 1, 2009

By Guvenir HA

This paper summarises a cost optimisation procedure by minimising the total drill metres and the overbreak that occurs in tunnel excavation in medium strength rock (uniaxial compressive strength

Jan 1, 1995

By R Russell

The relative infrequency of fatalities and other serious events can give them an appearance of being random, of being beyond any reasonable degree of anticipation and prevention. In fact, the vast majority of these events result from exposures that are identifiable, measurable, and manageable. The lessons of prominent incidents, such as the Space Shuttle Columbia, OxyÆs Piper Alpha, Esso Longford, BP Texas City, Massey Mine, as well as lessons from single fatality events, is that alongside the proximate causes of each incident, there also coexisted an underlying fabric of systems, mechanisms, and culture that allowed risk in the workplace to persist and often to become normalised. All of these ingredients of the organisationÆs safety fabric lend themselves to the influence and intervention of senior leaders. The difficulty is that traditional injury prevention paradigms are not sufficient for addressing the precursors that lead up to catastrophic and fatal events. A recent study of such events, led by Dr Thomas Krause concluded that the descriptive aspect of HeinrichÆs safety triangle is useful, but that the predictive aspect is not. The study surfaced reasons why a reduction in less serious injuries does not necessarily correspond to a proportionate reduction in catastrophic and fatal risks. This presentation expands on the findings to include the concept of exposure to the event potential linked to precursor events and the framework for leading an organisation to be both cognisant and effective in eliminating such events.CITATION:Russell, R, 2012. Shifting the cultural paradigm for the prevention of catastrophic and fatal events, in Proceedings International Mine Management 2012, pp 91-96 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Nov 20, 2012

By Whiting AN

Major changes in the world in recent years are changing the criteria for selection of future developments. Oil prices soared during the 1970's while commodity prices including metals and minerals fell. Many new independent nations, have been created and now control the resources in areas which were once part of great colonial Empires.

Jan 1, 1983

Methods for ore reserve estimation are classified. The amount of information needed to asses ore reserves is analysed. Reference is made to gold sampling. Consideration is given to nugget effects and ore reserve estimation procedures where they are significant. Computer methods are discussed

Jan 1, 1997

By Higuchi K

For the mechanisation or automation of mining, recognition of the shape of mined cavities is basic information. A three dimensional shape measuring system, developed and tested, includes an ultrasonic range finder which is attached to the tip of a serial link manipulator. The range finder can be moved to any position and direction in the operational space of the manipulator. The position of a point on the surface of the object is obtained from the position of the range finder, the direction of the beam of the ultrasonic waves and the measuring distance of the range finder.To avoid collision between the sensor and the object, the manipulator is controlled to trace the surface of the object For the tracing control, another ultrasonic range finder is employed. The test results show that the developed system has high performance.

Jan 1, 1991