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By R McIlwraith, B Breul

"This paper discusses the successful use of bituminous geomembranes (BGMs) in mining applications since their development in 1974. It explains and illustrates the structure of a BGM composite, which is a geomembrane manufactured by impregnating a polyester geotextile with a compound of bitumen, elastomer and filler. Examples of applications of BGMs in the mining industry are also presented in the following contexts.Storage of solid waste: storage of mining waste at mines in Canada heap leach pads in France, Peru, Chile and Turkey at the base of a mining waste landfill in Brazil capping of solid mining waste in Chile and Canada temporary capping of mining stockpiles in Australia (with possible reuse of the BGM for other works).Examples of the application of BGMs for the storage of liquid waste in mining containment reservoirs in Canada, Guatemala and Peru will also be given.For each example given, reasons are supplied that supported the choice of BGMs by the clients and consultants, drawn from the following advantages of the BGM:BGMs have excellent puncture strength, due to the internal polyester reinforcement, as well as excellent ultraviolet resistance. This often eliminates the need for a cushion geotextile or cover soil over the BGM.BGMs have a very long life expectancy, in excess of 300 years, in subsoil conditions (Breul et al, 2004).BGMs can be installed in very harsh climatic conditions. They are suitable for high wind environments as their heavy mass per square metre makes them resistant to wind uplift. The low coefficient of thermal expansion means that BGMs are suitable for installation in mines where very low or very high temperatures are expected. This reduces construction delays and allows for a quicker use of the mining facility.The fact that the BGM can be installed by the mine’s own workforce, after appropriate training from the BGM manufacturer, allows for a more flexible construction sequence on the mine.Ability of the BGM to connect to other materials such as concrete, steel, rock and other geomembranes that may be on the mine site.The technical advantages of a BGM enabled the engineering consultants to prepare solutions for their mining clients that had a lower environmental risk, had a faster completion schedule and were overall a cheaper option than with a polymeric geomembrane.CITATION:Breul, B and McIlwraith, R, 2015. Bituminous geomembranes in mine construction, in Proceedings Tailings and Mine Waste Management for the 21st Century, pp 289–296 (The Australasian Institute of Mining and Metallurgy: Melbourne)."

Jul 27, 2015

By M Forbes, R Jeuken

Brownfields geoscience measurement such as drilling and surface geophysics can be costly and it is often difficult to weigh the cost of data collection and processing against the value it unlocks at the time of extraction. This makes it difficult to prioritise geoscience expenditure and find the optimum intensity of geoscience activity across competing assets. There are multiple options for managing resource uncertainty and spatial variability through mine planning and resource engineering such as varying marketing strategy, adjusting stockpile or other infrastructure design and product blending. Consideration of these alongside increased data collection further complicates finding a comparable value of geoscience programs to determine the right blend of geoscience measurement and engineering controls. Concepts similar to Value of Information (VOI) analysis which is applied to strategic planning can be used to estimate the value of geoscience measurement and pit sequencing at tactical planning and operational timescales. This involves the quantification of resource uncertainty and prediction of how it will affect resource extraction. This paper outlines this process and demonstrates its use to prioritise geoscience at BHP Coal Assets. The value of infill drill programs in enabling operational stability is quantified and compared the value of engineering controls like increased stockpile capacity. This study supports that idea that the application of VOI methods to bulk mining at tactical time horizons has potential to inform geoscience planning and resource engineering not just separately, but as part of a unified strategy for managing resource uncertainty.

Mar 22, 2022

By Dawson RD

For the past 45 years, the casting of refined lead ingots by The Broken Hill Asso- ciated Smelters Pty. Ltd. (B.H.A,S,) at Port Pirie has been mainly by use of manually operated rotary casting wheels of Newnam design. This style of operation was quite satisfactory as far as standard of product was concerned, but was manually intensive and a relatively high cost operation. With most other large scale lead producers already using automated-casting equipment, an investigation which commenced in 1966, progressed through stages of enquiry, design and development until the present plant commenced trial operations in late 1973, and fully operative in late 1974. While certain features of the plant are sed on overseas practices the plant was signed and built within Australia to BRAS ecifications. As constructed it consists two almost identical casting lines each pable of producing 25 kg ingots at 25 tonnes r hour using straight line casting machines d automated stacking weighing and strapping

Jan 1, 1975

By D Craw, P V. Angus

Gold mineralisation at Macraes occurs as late quartz-carbonate veins within a body of sheared and hydrothermally altered Otago Schist, the Intrashear Schist. The alteration is characterised by the presence of rutile and the absence of epidote and titanite, indicative of an alteration fluid containing >10 mol per cent CO2. In areas of high strain, a fabric of black microshears develops, gradational to mylonitic cataclasite in the high strain zone adjacent to the hanging wall of the duplex shear zone. The microshears contain hydrothermal graphite, inferred to have been deposited from a methane-rich fluid. The mylonitic cataclasite is characterised by abundant pyrite, the absence of albite and extreme grain size reduction. Gold recovery in the CIL processing plant at Macraes can drop to 50 per cent or lower for some unfavourable ore types. Preg-robbing by a component in the ore, possibly graphite, was suspected as the cause. Mylonitic cataclasite was identified as the lithology responsible for the poor recoveries, with the capacity to bind about 30 ppm of gold in the leach tanks. A program of detailed geochemistry and quantitative grain-size measurement using Coulter analysis was undertaken to identify specific mineralogical factors associated with preg-robbing. The results indicate that pyrite, graphite, and extreme grain-size reduction are the factors associated with highly preg-robbing ores at Macraes. The evolution of the mylonitic cataclasite is accompanied by strong potassium enrichment, as muscovite, and depletion in sodium as albite is removed. This suggests that a simple powder XRD ratio of the albite to illite peaks would suffice to distinguish the preg-robbing ore for grade-control purposes.

Jan 1, 1999

By N J. Goodman

The HIsmelt technology was developed and proven in Western Australia (WA) after more than 30 years and several billion dollars of research and development. The HIsmelt technology was transferred to China and is now successfully operating at the Molong plant in Shandong Province, China using WA iron ore fines as the major feedstock. Several more plants are under construction in China, and the technology has been approved by the Chinese Government as an environmentally acceptable alternative to the blast furnace. The unique flexibility of the HIsmelt process offers multiple pathways to decarbonise the production of steel in the near future. These pathways include:  Use of sustainably grown biomass converted to Biochar to replace coal as the reductant.  Pre-reduction of iron ore fines using hydrogen or biomass to direct reduced iron (DRI) powder.  Capture of carbon dioxide from the HIsmelt off gas and geo-sequestration underground. These pathways are highly suitable for the Australian iron ore industry as they utilise:  The large areas of land and long growing season available in Australia for the production of large tonnages of sustainably grown biomass.  Coarse iron ore fines directly without the need for fine grinding and pelletising.  Existing oil, gas and other underground gas reservoirs to store carbon dioxide. The HIsmelt technology will allow Australia to transition from ‘Asia’s quarry’ to Asia’s supplier of low cost, low carbon and high quality metallics that are required to produce ‘green’ steel with net zero carbon dioxide emissions. In addition, HIsmelt pig iron can be converted locally into steel via electricarc or basic-oxygen steelmaking furnaces to supply all of Australia’s demand for green steel.

Nov 8, 2021

By D Nieuwkerk, V J. Absolon

"Screw press technology is an innovative approach to tackling the growing pressure to conserve water and minimise the environmental impact of mineral tailings disposal. The principles of the technology have been known for a considerable period of time in non-mining applications such as water treatment, wastewater (municipal sludge), as well as in the paper and chemical industries for dewatering solids, particularly those containing clays.The screw press represents a viable niche technology for filtering fine and high-clay tailings, without the prior thickening stage, and is capable of producing a filtered product that is sufficiently consolidated and dry enough to provide a product suitable for conveying and dry stacking.The Ishigaki screw press was introduced in 1990 and key features are: continuous operation and excellent availability low wear to plant acceptable flocculant consumption low carbon footprint and low noise levels fully automatic.These features lead to simpler plant layouts, easier maintenance, smaller spares inventories, reduced wear, smaller footprint and overall lower capital and operating costs.The amenability of a particular tailing stream to treatment by screw press technology may be determined by test work. Two pilot plant studies are described where this technology has been applied in the mineral industry being flotation tailings from a rare earth (RE) mineral concentrator and coal tailings. In addition, preliminary details are given of an ACARP sponsored research program titled ‘The application of screw press filtration in tailings dewatering’.CITATION:Absolon, V J and Nieuwkerk, D, 2014. Innovative use of screw press filtration in tailings dewatering plant design, in Proceedings 12th AusIMM Mill Operators’ Conference 2014, pp 449–456 (The Australasian Institute of Mining and Metallurgy: Melbourne)."

Sep 1, 2014

By C Samuelsson, Q Shu, A Lennartsson, F Gyakwaa, A Andersson, J Isaksson

The physico-chemical property, viscosity, is essential for pyrometallurgical processes and influences the settling rate of valuable metal droplets in slag, affecting the metal recovery. The copper slag from smelting furnaces typically contains between 1 and 2 wt per cent Cu, which equals to or is higher than in most sulfidic copper ores mined today, meaning the slag is a valuable resource for copper extraction. A low viscosity is desirable for slag-cleaning through a settling furnace where entrained droplets settle under gravity. One approach to control the viscosity is through the slag composition. The literature has limited data on the correlation between viscosity, slag structure, and optical basicity of iron silicate slag with FeO/SiO2, CaO, and Al2O3 as factors. Therefore, the present study evaluated the influence of these factors on viscosity and correlations with slag structure and optical basicity. The FeO/SiO2 ratio (at%/at%) and the CaO and Al2O3 content were altered in two levels, resulting in a two-level full factorial design with three factors. The study was done by synthesising FeO–SiO2–Al2O3–CaO–MgO–Cr2O3 melts, followed by water granulation. The melt structure of the samples was analysed with the help of Raman Spectroscopy. The viscosity was then estimated with a high-temperature rheometer using a Mo spindle and crucible. The results showed a correlation between the optical basicity, FeO/SiO2 ratio, and viscosity, where a high optical basicity and FeO/SiO2 ratio were beneficial for achieving a low melt viscosity.

Jun 19, 2024

By D K. Weatherley, A N. Mainza, I Govender, L M. Tavares, M S. Powell

It is understood that rocks do not instantaneously transport along a grinding mill and are consequently not perfectly mixed, but this is conveniently overlooked in mill modelling. A lack of understanding of the transport phenomenon and the difficulty of modelling realistic transport in a complex tumbling system, contribute to this. Visual observation of segregation in AG and SAG mills and measured lag time of mill response to changes in feed provide evidence of the influence of axial transport within mills. Incorporating this lag in dynamic models should underpin dynamic simulation of milling circuits for design and for model-based control. Limitations and errors in predicting the influence of increased power via mill length versus diameter, inability to predict pebble production, and a lack of the differential in residence time across rock sizes and competences, all contribute to inadequate design prediction that can be especially acute for large Autogenous mills. Examples of dramatically under – and overloaded pebble regrind circuits and the inability to predict pebble load in AG milling discouraging the application of this energy-efficient option, point to the need for predictive modelling of breakage by competence linked to transport through and out of mills. Incorporating progress in granular flow and mixing, coupled to computational advances enable models to be based on complex breakage and transport models at high spatial resolution. This allows mechanistic models to simulate thousands of times faster than real time, opening the door to more accurate mill design, including dynamics in process simulation and to live simulation for process control – all with advanced mechanistic models. The value of grasping this opportunity is not easily refuted.

Aug 24, 2022

By Bruington T, Perkins J, Hutton R

Natural resource developments are among the largest and most challenging projects taking place in the world. They involve capital intensive investment with long lead times and the management of geological, market, technical, operational and financial issues. A clear strategy is required to manage these projects and this strategy is underpinned by a development Philosophy.

Jan 1, 1997

This research is about human development and socio-economic progress of the main mining areas of Chile in the period 1990 - 2007, and especially about the positive effects that mining activity has on poverty reduction and indicators related to the Millennium Development Goals of the United Nations. The analysis is doubly interesting, if one considers that the economic and social developments in Chile, recognised and prominent among the Latin American economies and developing nations, are more evident in mining areas as Tarapacß and Antofagasta (northern Chile), which concentrated than more 70 per cent of investments and mining assets in the country. Additionally, the study concludes with methodological reflections for the evaluation of socio-economic impact in the mining industry in developing countries.

Jan 1, 2009

By S F. Rogers, P W. Booth

Digital photogrammetry is revolutionising the task of geotechnical mapping of jointed rock masses and has greatly increased in popularity and sophistication in recent years. Modern commercially available digital photogrammetry software systems can provide geotechnical practitioners with a user friendly tool for rapid data acquisition. The data can be acquired remotely from large exposure areas, some of which may be otherwise out of reach due to restrictions on time, access or safety.Photogrammetry is a complimentary technology to discrete fracture network (DFN) modelling because it can provide the large, statistically significant, spatially located geotechnical data sets required to produce the most robust results. It also provides the flexibility to selectively map structures at a range of scales, depending on the focus of the DFN modelling.Integration of the interpreted rock structure data derived from photogrammetry with modern DFN modelling methods really advances the rock engineering process. The ability to generate 3D fracture models driven by the statistical structural data and conditioned to the features observed by the photogrammetry yields a synthetic rock mass on which improved design methods can be applied. The generation of multiple equi-probable conditioned DFN models allows the use of probabilistic methods for assessing kinematic stability, rock block size distribution as well as a range of other applications.CITATION:Rogers, S F and Booth, P W, 2014. Integrated photogrammetry and discrete fracture network modelling for improved rock mass characterisation and engineering design, in Proceedings 15th Australasian Tunnelling Conference 2014 , pp 203–208 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Sep 17, 2014

By R W. Wilson, A R. Branch, T S. Pooe

The original bulk air cooling system at this particular mine made use of two water chilling refrigeration machines to produce peak cooling of approximately 12 MWR with a downcast air temperature of about 7°C; however, as the shaft is not used for transporting personnel, the opportunity existed to supply more cooling to the mine by lowering the downcast air temperature. An ice storage facility has been constructed and provides a range of opportunities in operating the system: colder air temperature sent to the shaft, enabled by using near-zero degree water produced by melting ice to cool the air; electricity time-of-use management, by shifting electricity usage out of peak tariff periods; and increased peak cooling capacity, by melting ice while chilling water. Ice is created in the storage facility at night while the ambient air temperature is low and then melted to produce cold water when required by the cooling process. An ice dam was constructed and serpentine stainless steel coils installed where the ice is produced; one of the refrigeration machines was converted to chill a glycol solution to subzero temperatures to create the ice on the coils; a plate heat exchanger was installed to allow the glycol chiller to act as a water chiller as well; and a third spray stage was added to the bulk air cooler to utilise the near-zero water. This paper describes the thermodynamic design, construction and performance assessment of the new system, which is unique, novel and represents the state-of-the-art of this type of cooling system and energy management.CITATION:Branch, A R, Wilson, R W and Pooe, T S, 2015. Novel use of ice thermal storage for energy management on a mine refrigeration plant, in Proceedings The Australian Mine Ventilation Conference, pp 185–192 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Aug 31, 2015

By B Murphy, N Strong, J Albrecht

Rio Tinto’s Argyle Diamond Mine has a history of underperformance with delivery of ore from the underground operation to the surface for processing with no real clarity in sources of loss and value. In order to increase underground production performance, the basic concepts of the Theory of Constraints model were applied to the Argyle underground production system. This prompted a revised view on bottlenecks and contributors to value loss and ultimately leading to record breaking mine performance. System loss reporting to demonstrate the best opportunity to drive value, departmental detail to develop tools to identify improvement opportunities and clarity across the team to ensure alignment and clear lines of communication were critical to the project success.

Mar 15, 2021

By R F. Sandenbergh

Due to environmental considerations, mineral processing plants are increasingly recycling water to decrease the impacts of wastewater on environment and the depletion of fresh water resources. Industrial experience has shown that increasing recycling water in flotation typically negatively impacts the recovery and selectivity, especially in the selective flotation of minerals from complex sulfide ores. The major reason for the reduced selectivity is typically the inadvertent activation of sphalerite or pyrite by the heavy metal ions (HMI) in solution. These HMI are often produced during milling and flotation and absorbed by other minerals. In the normal flotation pH value range (8 - 10), these HMI are often in the form of precipitates or complex ions that may re-appear in solution or become active should conditions favour this. In this paper, microflotation, batch flotation and XPS surface measurement were used to investigate the use of HMI absorbents additions to the pulp to improve flotation selectivity of a complex sulfide ore. It has been demonstrated that HMI removal does improve flotation selectivity by facilitating more effective depression of the sphalerite. Microflotation and XPS surface measurements have shown that HMI absorbents compete with sphalerite to absorb HMI, and thus reduce the surface concentration of HMI on those sulfides. The practical use of HMI absorbents in complex sulfide ore flotation is also discussed.

Jan 1, 2005

In February 1995, Falconbridge Limited approved the construction of a nickel mining and milling facility on its Raglan property situated in the Nunavik region of northern Quebec, Canada. The construction period successfully terminated with the commissioning and start-up of the plant and concentrator in early-December 1997. The estimated life of the project is 20 years with an annual mining rate of 800 000 tonnes of ore, producing 21 000 tonnes of nickel per year. This paper discusses the subject of æRemote Mining in the Canadian ArcticÆ as it applies to the Raglan mine process and people. During the feasibility stage of the project, many assumptions were made which influenced the design and operating parameters of the facilities and the equipment. Transportation, communication, remote logistics techniques and standard industry practices required to support a æfly-in/fly-outÆ operation were reviewed and either adopted or rejected for use at Raglan. These assumptions were æmade to fitÆ the uniqueness of our planned operation. It was also acknowledged that many of them would ultimately impact on the people required to staff the operation following construction. Therefore, their suitability and applicability were examined from an economic, operational and human perspective. In a continuing effort to improve the quality of life for Raglan employees, as well as the economics of our mine operations, these assumptions are under constant review and scrutiny. There is no doubt that experiences gained, and willingly shared by other North American arctic mining operations, proved invaluable and are a big reason for RaglanÆs overall success thus far. The mining industry is being challenged technically to develop lower grade orebodies at the lowest possible cost. In addition to environmental constraints, serious social, political and moral questions are being asked and added to this list of challenges. Miners throughout the world must improve their operating standards and public image if we want to attract the best possible employees. Remote mining operations provide a unique opportunity to experiment with various human resource concepts as well as demonstrate the industryÆs commitment to environmental and community concerns.

Jan 1, 1998

By M Ma, W J. Bruckard, C Gontijo, R Holmes

Vale is the largest iron ore producer in the world. Since the 1970s, Vale has been using reverse cationic flotation to remove siliceous impurities from its iron ores. Whilst this flotation process has operated effectively for many years, it suffers from the problems of high reagent costs and high metal loss.In 2010, CSIRO investigated the use of a reverse anionic flotation process for Vale iron ore. Batch laboratory flotation studies conducted on Vale samples showed significantly reduced reagent costs and improved recovery of iron. In this work, the flotation behaviour of the different impurities in the Vale iron ore sample using reverse cationic and reverse anionic flotation processes is compared. Detailed flotation responses are presented and the merits of the two different flotation schemes are discussed.CITATION:Ma, M, Bruckard, W J, Holmes, R and Gontijo, C, 2013. Impurity removal in the reverse flotation of iron ore, in Proceedings Iron Ore 2013 , pp 427-430 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Aug 12, 2013

By L O’Connor, S C. Dominy

"Geometallurgy is an important addition to any evaluation project or mining operation. As a discipline, it seeks to maximise the net present value (NPV) of an orebody while minimising technical and operational risk. It also aims to promote sustainable development and initiatives by ensuring that 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 commodity value chain are being established (Glass, 2016). Geometallurgy has been shown to increase operational stakeholder collaboration, creating an environment for knowledge sharing and improved data acquisition and interrogation, with the end result being the integration of such data into mine planning and scheduling. All of these aspects create better business optimisation, utilisation of staff and targeted and realistic key performance indicators.The mining industry faces numerous challenges including, but not limited to:declining ore gradesgeometrically and/or internally more complex depositsdeep-seated deposits, with potentially high in situ stress regimesincreasing quantities of mine waste that needs to be managed appropriatelyhigher energy, water and chemical costsprocessing of more challenging and refractory ores – textural complexitiesstricter environmental/permitting conditions – so-called ‘licence to mine’increasing demand for specialist metals (eg rare earth elements, In, Ge, Te, Rh, Se, Ga and Li)commodity market volatilitya difficult funding environment.Given these challenges, geometallurgy provides the opportunity to control or at least manage some of them.CITATION:Dominy, S C and O’Connor, L, 2016. Geometallurgy – Beyond Conception, in Proceedings The Third AusIMM International Geometallurgy Conference (GeoMet) 2016, pp 3–10 (The Australasian Institute of Mining and Metallurgy: Melbourne)."

Jun 15, 2016

By Read T. A

PART 1The quantity of dust present and the methods used for suppression of dust in metalliferous mines has, in recent years, received considerable attention from mining engmeers in various parts of the world. Shortly after the publication of the General Report of the Miners' Phthisis Prevention Committee, South Africa, in 1916, the officers of the Broken Hill South Limited started investigations into the conditions of the dustiness of the air in the underground workings. As the methods used are not generally known in Australia, the writers are of the opinion that the present is an opportune time to place them before members of the Institute. A large amount of the subject matter of this paper has been drawn from the 1916 and 1919 reports of the Miners' Phthisis Prevention Committee, South Africa, the paper of Mr. Innes published in "The Chemical, Metallurgical and Mining Society of South Mrica"; also various articles appearing in the Journal of Industrial Hygiene, and the American Journal of Public Health. A great deal of research work into the cause, prevention and estimation of mine dust has been made by the Miners' Phthisis Prevention Committee of South Africa, and officials of the United States Bureau of Mines. The writers considered it advisable to begin the investigation at the South Mine with apparatus and methods developed by the South African Committee.Through the Australian agent of the Cape Explosives Company, inquiries were made preliminary to procuring the necessary apparatus for the determination of dust, from South Africa. The writers then learned that the older gravimetric method used by the Phthisis Prevention Committee was likely to be superseded by the konimeter...

Jan 1, 1922

By S R. Williams

There is a sense of geometallurgy being new; a new methodology for mining project development and improved operational strategy. One of the main challenges that any ænewÆ technology faces is a validation of the value and the need to produce case studies. However, producing case studies can often be problematic particularly given the long cycle from mineral deposit project, through feasibility and construction to stabilised operation of a mine.However, the roots of geometallurgy go back quite some time. Successful practices with geometallurgy can be seen from as early as the 1980s. Many times those practices were not called geometallurgy but something else and, in other cases, what can be seen are various components of the geometallurgical ævalue chainÆ.This paper will analyse a selection of published past practices from a geometallurgical perspective to demonstrate the value realised from the application of this methodology. The paper will then make some general comments on where this history of work in geometallurgy has lead us to and what are the challenges today for the geometallurgical effort.CITATION:S R Williams, 2013. A historical perspective of the application and success of geometallurgical methodologies, in Proceedings The Second AusIMM International Geometallurgy Conference (GeoMet) 2013 , pp 37-48 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Sep 29, 2013

By Gillies A. D S

The active history of foreign investment in the mining industry has resulted in Australia emerging as a major world producer of a range of mineral commodities. The current contribution to the national economy represented by mineral production and export revenues would not have occurred without both capital and expertise provided by foreign investors in the past. The initial foreign investment has led to the formation of Australian majority owned and controlled multi-national mining groups such as BHP Limited, CRA Limited and MIM Holdings Limited. These Australian companies, and others, are playing a significant part as foreign investors in the mining industries of Papua New Guinea (PNG) and Indonesia. The study examines issues of importance in foreign investment in each of the countries. It concludes that in Indonesia, the nationalisation of the Dutch mining industry in 1957 did much to deter foreign investment. The remarkable degree of policy stability brought about by the Contract of Works system since 1967 has gone a long way to restoring that confidence. The level of investment in the Indonesian mining sector is steadily increasing. Its attraction to Australian investors is a combination of policy stability, favourable fiscal terms, geological prospectivity for a range of commodities and proximity to Asian markets to the north. PNG has a stable policy regime which until recently has been free from political interference at the administrative level. As such, investors were developing confidence in the system and investment was progressively increasing as evidenced by growing exploration expenditures up to 1988. The 1989 Bougainville revolution caused a re-assessment of PNG's investment and country risk. The recent Mt Kare incident has further raised concerns over the government's ability to guarantee internal security. Foreign investors are faced with weighing concerns with the risks of operation in PNG against the undoubted geological prospectivity of the country. The fiscal regimes of Australia, Indonesia and PNG were compared by means of a simulated open pit gold mine in each country. The effect of taxation is examined by reference to the relative change in project internal rates of return (IRR). The comparison of the relative differences between pre-tax and post-tax IRRs provides a measure of the relative attractiveness of each fiscal regime.

Jan 1, 1994