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Depending upon the probability one assigns to project go-ahead, up to $10 billion (1978 figures) could be required for resource based projects in Australia in the next decade. In the past major resource projects were readily financeable against sales contracts. In the future the complexities imposed by such matters as political risk, inflation, currency movements and environmental and other socio- economic considerations on project development costs and returns may require a different approach. This paper addresses itself to the ramifications of providing development finance for resource based projects in the future - and in particular examines such factors as project completion guarantees, sales contracts, protection against exchange rate fluctuations, interest rate structures and debt/equity ratios as each relates to the provision of finance. TABLE OF CONTENTS SECTION 1 : Introduction SECTION 2 Factors Affecting Project Financing in the Next Decade SECTION 3 Some Aspects of Financing New Projects in Australia in the 1980's Conclusion

Jan 1, 1979

The Tregoora Gold Project is centred around the old Mitchell River Antimony Field located 100 kilometres west-northwest of Cairns, North Queensland. The project is currently the subject of a joint venture between Strategic Minerals Corporation N.L. and Hawk Investments Limited.Historical BackgroundThe Tregoora area was first prospected for antimony and gold around 1890. During the periods 1905 to 1914 and 1937 and 1944 approximately 100 tonnes of antimony and an unknown quantity of gold were won from a number of small mines the principal one being the "Retina". A strong increase in the demand for antimony in the early 1970's resulted in renewed exploration activity in the region and the re-development of the Retina Mine. Despite the intermittent interest in the region for antimony it was not until 1984 that the potential of the area for hosting gold resources was realised with the delineation by Strategic Minerals Corporation N.L. of a significant gold deposit now referred to as the Black Knight.

Jan 1, 1986

By Ishikawa K, Kikuchi T, Tokairin Y

Roadheader, developed from coal cutting machines, is generally classified as a tunnel excavation machine for soft rocks in respect to excavation mechanism, machine structure, weight, engine output and so on. In recent tunnel works, however, there is an increasing demand for changing from blasting to mechanical excavation by roadheaders to avoid environmental problems such as noise and vibration. But there exist various difficulties in excavation of harder rocks by roadheaders. In order to explore the possibilities of roadheader excavation, we performed field and laboratory experiments. In the field experiment, roadheader model S-125 (Mitui Miike Machinery Co.,Ltd.) was tested for various rocks of wide range of hardness, and excavation capacity and wear of picks were measured. In the laboratory test, cutting performance of the picks was tested by our cutter testing machine. This report describes thr: of these experiments and discussions :n possibility of applying boom-type tunnelling machines to hard rock excavation based on these experimental data.

Jan 1, 1987

By M Olsson, I Bergqvist

A Swedish table of blast damage depths has, in one form or other, been in use since the late-1970s. Its history and the underlying theory are described. New experimental and theoretical findings that point out a number of shortcomings in the table and the underlying theory are presented and discussed. A revised version of the blast damage table was recently introduced in conjunction with new but incomplete recommendations for cautious perimeter blasting. The new table leaves the difficult task of taking into account factors like decoupling, water in the borehole, the rock properties, type of initiation, charge length and the actual bit diameter to the user. This paper discusses different ways of doing this, based on the experimental findings and a recent formula for the prediction of the lengths of radial cracks behind the half-casts. The material presented in this paper is meant to supplement and extend the new Swedish recommendations for cautious perimeter blasting of tunnels, shafts, pits and road cuts.

Jan 1, 2001

By Lawrence PR, Hoffman W

The dissolution of gold from various ore-bodies is discussed in terms of extraction rates and reagent consumptions during leaching. Gold dissolves slowly in cyanide but reagent consumptions are usually satisfactory. In almost all cases where excessive cyanide consumptions occur, similar high consumptions result with other lixiviants. Recovery of gold from cyanide solution is well established and comparatively simple technology.Gold dissolution in thiourea is faster than cyanide but significant consumptions of thiourea, due to both adsorption and oxidation, occur. Gold recovery from thiourea solutions is likely to be more difficult than from cyanide.Chlorination of gold is very fast in acidic conditions but excessive consumption of chlorine occurs for ores containing greater than 0.5% S. Reprecipitation of gold and handling of acidic chlorine solutions are both significant problems. The mechanism of gold reduction onto activated carbon creates difficulties in the carbon in pulp process for recovery of gold but means a simplification in the production of bullion from loaded carbon.

Jan 1, 1984

By R Dimitrakopoulos

Optimisation and mathematical formulations for open pit design and long-term production scheduling have been available since the 1960s. There are two main concerns in the application of existing mixed integer programming (MIP) models in open pit mines: a. the feasibility of generating both optimal solutions and practically mineable scheduling patterns and b. the inability to deal with in situ variability in orebodies and account for uncertainty. In dealing with these issues, a general open pit production scheduling method for multi-element deposits is presented and subsequently used to optimise the long-term production schedule in a nickel laterite deposit. The application shows the weaknesses of MIP formulations in terms of generating optimal solutions as well as practically feasible mining patterns. The application of the same formulation in the presence of in situ orebody variability and uncertainty uncovers a major reason for deviations of scheduled production from actual production, and outlines additional limits of traditional optimisation formulations as well as future needs.

Jan 1, 2003

By N J. Betts

This paper aims to build on the strong emphasis that was placed on safety in the Sydney AITES-ITA Congress in March 2002. It will do this by comparing safety records from some major tunnelling projects in Europe and Australia over a period commencing in the second half of the 19th century to the second half of the 20th century and examining reasons for the apparent marked improvement that appeared in the 1980s. Further by looking at the relationship between this improvement and current trends in the australian industry by means of a detailed review of the safety record for the Northside Storage Tunnel project in Sydney which was completed in mid-2000. The paper will conclude by providing a summary of the progressive approach adopted by the minerals industry in australia and summarising the current state of tunnelling and underground construction in australia with respect to recently completed projects and potential major initiatives.

Jan 1, 2003

By Wang Y. J

This paper describes a more generalised or generic approach for the mine ventilation network problem. More specifically, it defines the network variables in a manner that establishes the network problem in a nonlinear programming format. Assigned to each branch are three variables: air quantity, regulator pressure loss and fan pressure. Each variable is imposed with lower and upper bounds. Based on these, the generalised network problem for a mine ventilation network with B branches is presented as a system of B independent network equations in 3B unknowns (variables) with variable bound restrictions, and it is classified as a nonlinear optimisation. A nonlinear programming model has been developed for this generalised network optimisation problem. The model is formulated and transformed into a standard equality-constrained nonlinear programming form with given variable bounds. Then, MINaS (Modular In-core for Nonlinear Optimisation System) is used to obtain solutions. Examples are given to illustrate this nonlinear programming approach to the mine ventilation optimisation problem.

Jan 1, 1993

The Broken Hill Proprietary Company Limited (BHP) started as a silver-lead-zinc mining company in Broken Hill, New South Wales, Australia in the 1880s. Since then it has diversified into the resource industries of steel, iron ore, coal, petroleum and copper. BHP World Minerals is a Business Group of BHP which is one of the worldÆs largest and most diverse mineral resource enterprises. BHP supplies raw materials for steelmaking, copper concentrate and other mineral commodities to customers in more than 45 countries. BHP World Minerals has operations spread throughout the world û in Australia, the United States, Brazil, Zimbabwe and Canada. Commodities produced by BHP World Minerals currently include silver, lead, zinc, titanium minerals, platinum group metals and coal. The BHP World Minerals Cannington silver-lead-zinc mine in Queensland, Australia is a return to the cradle of BHPÆs early silver-lead-zinc years. This paper compares the success factors and challenges at Broken Hill and Cannington.

Jan 1, 1998

By DJ McKEE

Process control emerged in the mid-1960s as a new and exciting method of improving the performance of mineral processing operations. The early Australian developments, principally in Broken Hill and Mount Isa, were based on pioneering work in instrumentation, the availability of small digital computers and a particularly effective partnership between companies with technological foresight and University and CSIRO research groups. Initial progress was rapid and within ten years many plants were committed to process control. Process monitoring is now routine and most circuits have some level of control. However, few plants have comprehensive optimising control systems as the difficulty of developing control strategies which can cope with the wide variety of conditions encountered in most mineral plants has been fully appreciated. This paper summarises past experience and assesses the degree of application of different forms of process control in metallurgical plants. Barriers to the effective utilisation of opt rising control are identified and some suggestions for advancing the application of control are made.

Jan 1, 1992

The activiltion of sphalerite with electrolytically generated copper ions from a copper electrode instead of the usual practice of the addition of copper sulphate was studied in the laboratory. A large surface area of copper was provided by lining three sides of a bench flotation cell with copper sheeting. The lining was connected to the positive terminal of a low voltage d.c. source, and the cell impeller to the negative terminal.Sphalerite was effectively activated by this arrangement and was subsequently floated using xanthate as the collector.Flotation results comparable to those obtained with 1 lb/ton CuS04.5H20 (0,255 lb/ton copper) were obtained using 0·1062 lb/ton of electrolytic copper and 0·488 kWh of electrical energy. The wastage of copper due to the formation of insoluble precipitates was found to be dependent on the length of time the current was passed. Maximum current was passed for the shortest time to minimize wastage.

Jan 1, 1973

In the humid, subtropical climatic conditions, typical of Papua New Guinean high-lands, auriferous carbonate-quartz lodes and stockwork veins of the Upper Ridges mine at Wau, have weathered in situ forming manganese dioxide-quartz wad flatmakes and veins. Vein assemblages and sulphidized host breccia have been chemically weathered to 20-25m depth, and microscopic grains of electrum (550-600 fine) formerly enclosed in carbonate, sulphide and quartz have dissolved in the oxidizing alkaline fluid. Coarse secondary electrum, crystalline and dendritic, is concentrated by manganese dioxide and at the base of chemical weathering. Fineness is unchanged, eliminating the possibility of gold and silver migration as a chloride complex. Experimental tests on the stability of thiosulphate, and its ability to dissolve gold and silver from colloid, crystal and synthetic alloy confirm that secondary electrum at Upper Ridges is most compatible with precipitation from (Au,Ag)(S203)23-; a complex readily destabilized in the presence of MnO., or with decreasing Eh.

Jan 1, 1984

Drainage aids are designed to assist in filter cake dewatering by reduction of surface tension. By the early 1980's severalspecialist chemical manufacturers had developed drainage aids specific to the alumina industry. Thus, after some initial laboratory work, drainage aid addition to the product hydrate filter cake was first tried at Gove in early 1981. Encouraging results led to further plant trials and a laboratory trial comparing eight different products. Fromthis last trial a product was chosen and a plant trial run in March 1982. The results achieved encouraged a further plant trial to be run during April and May, 1982 and a decision was then made to adopt the full-time use of drainage aid on the plant.Optimisation work with the drum filters and drainage aid continued until late 1983. This work not only led to optimisation of dose rates, concentrations etc., but also to significant improvements in the mode of operation of the product filtration area.

Jan 1, 1985

Natural gas is a comparatively new fuel in Australia. It was first used in small quantities in Queensland in 1965, but it was not until 1969 that natural gas reached the capital cities Brisbane, Melbourne, and Adelaide in that order; then in 1971 it reached Perth. By the mid seventies, natural gas had secured a significant proportion of the energy markets in Queensland, Victoria, South Australia and Western Australia and in 1976 supply commenced in Sydney. In that year - 1976 - gas supplied about 12.5% of the total demand for primary energy in Australia excluding transport. In the current financial year - 1981/82 - natural gas is expected to supply nearly 19% of the market and forecasts for 1990 range up to 25%. From a starting point in the late 1960's when manufactured gas supplied a small but important proportion of the non-transport energy market - less than 3% - we have exper- ienced an average growth of nearly 24% per annum up to the present time.

Jan 1, 1982

By Hedley TP

Success for underground coal mine operators in the 1990's and beyond will be dependent upon better understanding of the dynamics of their operating environment, and extension of emerging technologies to reach new levels of output and productivity. The Collieries Division of B.H.P. Steel International Group clearly identifies with the concept of business/product life cycles - and the need to adopt strategies that can drive the business successfully into the future. Three main thrusts within BHP Collieries Division relate to: 1) Detailed assessment of current mines to determine: a) The real output potential of the current facilities. b) What factors now inhibit the full potential from being realised. c) Opportunities that exist to enhance overall mine performance. 2) Based upon the findings of these studies, putting into place cost effective strategies and systems for the ongoing "tuning" of the mine. 3) of new/improved technology primarily in areas of: a) Coal cutting and underground coal clearance. b) Controlling the overall mine gas Regime.

Jan 1, 1987

During the 1960s chalcocite ore was mined from the Black Rock open cut. A large amount of this uneconomic material was not treated by the No 3 Concentrator at the time and as a consequence a surface stockpile was created which contained 750 000 tonnes of material at an average of 1.5 per cent copper.Laboratory trials indicated that due to oxidation, an average of 25 per cent of the copper was water soluble and the remaining copper was leachable using a sulphate/ferriclbacterial leach. On the basis of these trials it was decided to investigate the feasibility of producing copper via a leach SX-EW process. The investigation proved the process was feasible, so began the design, construction and commissioning of a 10 tpd (cathode copper) Copper Leach SX-EW Pilot Plant. CMPS Pty Limited in a joint venture with John Holland Engineering Pty Limited were awarded the turnkey contract for the design, construction and commissioning of the Pilot Plant.

Jan 1, 1993

By Szwedzicki T, Jiang J

The acoustic emission (AE) technique has found wide application in rock engineering. Generally, acoustic emission, which is produced by a rapid microcrack growth, is an ubiquitous phenomenon associated with brittle fractures and can provide information on the failure process in rocks. The sudden release of stored energy in the form of an elastic stress wave that travels from the point of origin within the material to a boundary is called an AE signal or a discrete AE event. Based on a number of experiments and analysis, the correlations among the rock type, the complete stress-strain behaviour, mode of failure and AE properties are investigated and the AE pattern has been classified as four types: single-peak AE, double-peak AE, continuous AE and absent AE. Each type of AE pattern corresponds to a certain type of rock and is largely related to the internal structure and imperfection of a rock. Applications of the AE technique in stability monitoring, in situ stress assessment and seismic source location are also discussed.

Jan 1, 1995

By Lilly PA, Kavetsky AP

An empirical, kinematic model is developed which calculates the trajectory of individual blocks of rock in a blast, their point of impact in the muckpile and the final shape of the muckpile. The method is based on the determination of initial block velocity and requires input on stemming length, bench height, subdrill, burden, spacing, energy of explosive per unit length of blasthole, energy attenuation rate and resistance to movement. The model, which will form part of a comprehensive blast simulation package, has application in open cut mining in predicting muckpile geometry and the movement of grade blocks during blasting, which in turn impact on shovel productivity and grade control.

Jan 1, 1986

The Olympic Dam copper-uranium-gold-silver deposit, located 520 km NNW of Adelaide, S.A. was discovered by Western Mining Corporation Ltd in 1975, and is now being developed as a joint venture between WMC (5107o) and the BP Group (4907o). The discovery of this deposit resulted from the application of a conceptual model for the formation of sediment-hosted copper deposits. This model postulated that the oxidation of basaltic rocks could release significant amounts of copper into solution and that, under favourable conditions, these solutions might pass upwards along faults, and the copper be precipitated in reduced- facies sediments higher in the sequence. The Stuart Shelf province was chosen for exploration because geological interpretation suggested the presence of suitable basal- tic source rocks at depth, and favourable host sedimentary rocks in the overlying sequence. The Olympic Dam site was selected for drill-testing because of the presence of coincident gravity and aeromagnetic anomalies suggesting the presence of basalts and/or mineralisation at depth. This site also had a favourable tectonic signature, indicating the presence of deep crustal structures which might have allowed fluid migration.

Jan 1, 1988

By Abdulhadi H. M, Soliman S. A

The Western Desert of Egypt is a part of the arid Great Sahara of Africa which extends from the Nile Valley in the east to the Atlantic Ocean in the west. It is covered by a sedimentary sequence of Mezozoic and Teriary rocks. Recently this part of the country (about 65% of its surface area) has attracted an increasing attention in the plan of finding new agricultural and industrial communities outside the crowded Nile Valley. The plan aims to reduce the high population density in the narrow Nile Valley and to cover a considerable part of the increasing food demands in the country of Egypt. Accordingly, the groundwater exploration work in the Western Desert has been remarkably increased in the last decade, however it is still limited compared with the vast area of the Desert. The present work is a part of the groundwater exploration in the 6th October City, a new community located at 40kms west of Cairo. The rock exposures belong to a sedimentary stratigraphic section starting from the Cretaceous in the east to the Pliocene in the west. The Cretaceous outcrops due east are attributed to an almost N-S uplift and forms a thick massive limestone plateau which separates the present area from the Nile Valley. The Teriary section in the west have alternations of different porous formations such as the sands and sandstones which may acquire a good potentiality of groundwater resources. The previous groundwater exploration work included combined geological and geophysical investigations followed by exploration drilling. Although the area lies directly to the west of the Nile Valley, the discovered groundwater is saline and located at deeper reserviores compared with the groundwater in the Nile Valley. This groundwater was described as marine fossile water by the oil companies working in the Western Desert. From the geological point of view, it is believed that the Cretacious massive limestone plateau, in the east, roots to a depth which far exceeds the groundwater levels in the Nile Valley and acts as an impervious barrier between the aquifers in the Nile Valley and the area under investigations.

Jan 1, 1988