Search Documents

The Joint' Venture Method is a procedure for assessing the value of exploration properties, particularly those for which resources have yet to be delineated. It aims to convert the terms of an actual or synthetic joint venture into the equivalence of an arms- lengths cash transaction between a willing seller and a willing buyer. This paper sets out one approach to achieving that conversion. It discusses both simple and complex cases and gives some examples from both public and private documents. It also includes some case studies in which the Joint Venture Method of valuation can be compared with values derived for the same project using other methodologies including actual cash deals. The Method has failings in both mathematics and logic. However because it does reflect or simulate an arms-length deal which takes into account past exploration effort and expenditure and an assessment of prospectivity at a particular point in time, it is felt that it can provide a reasonable approximation of trade value or asset value of a prospect, particularly if used in conjunction with other methods.

Jan 1, 1994

Although geophysical methods of prospecting have proved indispensable in the search or oil deposits elsewhere; it is only 'in recent years that they have been used to any significant extent in Australia. The increase in their use has been quite remarkable over the past two or three years, due in Sao small measure to the encouragement given by means of Commonwealth subsidy. There is no doubt that the use of' geophysical methods will coxi-tinue to increase and this increase could be greatly accelerated as and when oil is discovered in commercial quantities,This review of their use A in Australia and the remarks and statistics are confined to work on the mainland. There has been, a substantial amount of geophysical work in Papua, but as operating conditions are so very different to the mainland Papua has been regarded as a separate province.

Jan 1, 1962

THE alkaline method for the estimation of zinc cannot, in the writer's opinion, be relied. upon to within very narrow limits between two assayers on unknown quantities of zinc. The end point is not decisive enough, and allows the personal factor toenter largely into the assay. The following investigation was undertaken to see how accurate the acid method is on Broken Hill concentrates and ores, and what should be the limit between the results of two assayers. The method adopted is as follows:Weigh sufficient amount of ore to give titration (between 20 and 50 cc.), place in tall 400 cc. beaker, cover, add 7 cc. nitric acid and heat till brown fumes cease to be evolved. Wash dock glass into assay, add potassium chlorate, evaporate to dryness on a slow fire with the beaker uncovered. When no smell of chlorine or nitric acid is observed, remove and cool. Add 100 cc. boiling water, then 7 grm. ammonium chloride, W cc. ammonia (.880 sp. gr.), boil for five minutes, filter, wash...

Jan 1, 1911

Coal has been mined in New South Wales for nearly 200 years and prior to 1970 the vast majority of this coal was mined from underground mines using bord and pillar or similar systems.Since 1970 there have been two notable changes in coal production trends in New South Wales as can be seen from Figure 1.1. The steady growth in coal mined by open cut methods. Open cut output grew from about seven per cent of the State's output in 1970/71 to 43 per cent in 1990/91.2. The steady growth in coal mined by the longwall method. longwall output grew from negligible amounts in 1970/71 to 48 per cent of underground production in 1990/91. mines operating longwall units produced 61 per cent of underground production in 1990/91.

Jan 1, 1992

The relevance of borehole and bore core evaluation to the design of underground coal mines is illustrated by considering the technical parameters of colliery design and the information from which they are constructed. The nature of this information is described, together with some methods for its storage, processing and presentation. Geophysical exploration techniques are compared as information sources. It is concluded that borehole and bore core evaluation is relevant and necessary for colliery design, but that optimum results will be obtained if drilling can be combined with geophysical techniques. Because of the inherent uncertainties in prediction of mining conditions the necessity of obtaining as much information as practicable from drilling evaluation is also stressed.

Jan 1, 1977

A major high grade zinc deposit, Dugald River has fine-grained and complex mineral associations which provide considerable metallurgical challenges for both mineral dressers and downstream processors. A long history of metallurgical testing focusing on mineralogy and flotation concentrate production has shown that while separate lead and zinc concentrates can be produced at saleable grades, high levels of iron, and particularly manganese, are likely to place constraints on the marketing of zinc concentrate produced from deeper zones where coincidentally lode development is at its maximum. Testwork has focused on characterising the flotation response of ore types ranging from banded and stringer sulphides to brecciated ores in a variety of sulphide matrices. A high level of variability with lower than expected metal recoveries has been indicated across some of the higher grade brecciated ores. However, the dominant slatey breccia has generally provided the best results. Heavy media preconcentration testwork has been moderately encouraging and at this stage, although value adding downstream of concentrate production on-site is not seen as an economic option processing developments are being monitored on a broad front. Providing satisfactory means can be developed for handling manganese during downstream processing of the concentrate, it is not difficult to see a world-class operation emerging from the resource in the medium-term Future.

Jan 1, 1993

By Sehic OA

One aim of testwork and flowsheet development is to ultimately provide a reliable and flexible plant that is simple to operate and maintain. Testwork can indicate amenability of ores to CIP treatment and provide a basis for process design and economic appraisal. Batch cyanidation and CIP tests are often sufficient for small projects. Continuous multistage test rigs can be operated to simulate plant operation and to provide data for flowsheet optimisation. Operating requirements, gold recoveries and potential problem areas can be anticipated at an early stage with more confidence. Subsequent project development involving decisions on the basic flowsheet, equipment types and general plant arrangements are based on practical considerations and experience. Computer aided process modeling and economic appraisal can be useful in analysing various tradeoffs, firming up the flowsheet and equipment sizes, and in specifying operating targets for the future CIP plant. INTRODUCTION Carbon-in-pulp (CIP) technology which has developed rapidly since 1974 is now accepted as an economically and technically viable process for the efficient recovery of gold. This paper describes testwork and flowsheet development procedures used for CIP evaluation and design.

Jan 1, 1982

By Minglin W, Zhixing L

The laws of detonation wave velocity variation in propagation process along the charge under channel influence are investigated widely in this paper. The result is obtained by blasting experiments. Bore hole is simulated by plastic tube or steel pipe (with outer diameter 45 nun, inner diameter 40 or 41 mm). Blasting experiment is carried out with a cylindrical charge of 32 mm diameter. The author analyses the characteristics of energy distribution along the charge under above-mentioned conditions. Reasonable initiating position and initiating direction are also analysed. A double-direction initiating method which consists of several initiating charges is put forward. The blasting effect of this initiating method when used in underground mining is stated out.

Jan 1, 1990

By Kepplinger W

The COREX process is a technology for production of liquid hot metal on the basis of coal (without the use of a coking plant) developing by VOEST- ALPINE AG, Austria and its subsidiary company Korf Engineering GmbH, Federal Republic of Germany. CORED is a registered trademark of VOEST-ALPINE AG and Korf Engineering GmbH. The COREXW process is based on the idea of separating the process steps realized in the blast furnace (gene- ration of reduction gas, reduction of iron oxide and melting of the reduced iron) and including partial coking of the coal.

Jan 1, 1987

In contrast with mining in areas close to the main centres, mining in remote areas is characterised by comparatively high initial investment and relatively high running cost for the life of the mine. This is because of:the real cost of establishing and running the operation at a location distant from the necessary infrastructure; and the perceived risks priced into their costs by the multitude of suppliers involved in the project. Optimal co-operation between the mine and the supplier in developing the right rela tionship and the correct technical solution permit both cost elements to be reduced. This re duction may well mean the difference between success and failure. This paper examines the possibilities for optimising the contribution of the equipment supplier to the overall success of the process. Issues covered include the necessity to provide more than merely equipment fit for the purpose , but also the need to maximise the benefits of equipment ownership over the life of the mine. A simple method of determining the optimum timing for equipment replacement or rebuilding is proposed . Furthermore the maintenance contract (or performance agreement) is suggested as a means of leveraging the supplierÆs commitment to the mining operation. The specific examples are based on experience with mobile equipment but the methodology has relevance to other equipment and supplies.

Jan 1, 1998

By C Pypno, P Nowakowski, T Opasiak, C

Belt conveyors are machines for continuous transport with most applications in mining industry in Poland. This is a result of simple construction and cheap operating costs. But conveying materials by belt conveyors are often in the powder state (eg small coal, gypsum, etc) and during the transport there is a possibility of polluting the environment around conveyor route. A good solution for this problem is the pipe conveyor, where a belt is closed on the route in circular shape and flat on unloading point. Another problem which is indicated in the paper is dusting on the belt conveyor boosters. In Poland a new solution of booster has been designed, whereby dustiness of transportation powder materials is reduced by up to about 90 per cent.

Jan 1, 2003

By Crawford J

The paper asks the question 'Why Limit the HYDROTRANSPORT of material to the confines of your washplant'.A brief historical review of widely accepted slurry transport operation establishes that we are not talking about new technology - simply applying proven experience to an innovative continuous system.The paper reviews a simple potential application and compares capital and operating costs with conventional trucking.No attempt has been made to develop a complete mine plan and the comparison has been limited to material transport costs.

Jan 1, 1992

By I H. Jung, W O. Choe

Gallium (Ga)-containing compounds such as Gallium Arsenide (GaAs) and Gallium Nitride (GaN) are widely used in electronic devices due to their superior electro-optical properties and their usages increase rapidly. For the sustainable supply of Ga to electronic industry, therefore, the recycling of Gallium becomes essential. Pyrometallurgical Ga recycling process involves the complex chemical reactions between slag, matte, liquid metal, gas, refractories, etc. Therefore, the accurate thermodynamic information and phase diagram data for the oxide system containing Ga2O3 is important. In the present study, new phase diagram experiments for binary SiO2-Ga2O3 and ternary CaO-SiO2-Ga2O3 system are carried out using Differential Thermal Analysis (DTA) and quenching experiments followed by Electron Probe Micro-Analyser (EPMA) and X-Ray Diffraction (XRD) phase analysis. Based on new phase diagram data and available literature data, the thermodynamic modelling of the entire CaO-SiO2-Ga2O3 system is performed for the first time.

Jun 19, 2024

A considerable debate has arisen regarding the best route for the beneficiation of iron ore. Supporters of jigging technology claim that although the technology is old, due to recent advances in jig control and a better understanding of the separation processes within jigs, it offers significant advantages over dense medium separation, especially in terms of reduced capital and operating costs and simplicity of design. Supporters of dense medium separation claim that this technology is proven to provide the best possible separation and that the gain in efficiency over the life of the plant, compared to that of a jig, will more than offset any differences in capital or operating costs. The truth is that both viewpoints are valid and that the choice is ultimately determined by specific characteristics of the ore being treated. Factors that need to be taken into account in deciding upon the correct option include the size/density distribution of the ore to be treated, the different size fractions which must be treated (lumpy or fines), differences in yield at grade, plant layout and capital and operating costs. Each of these factors will be discussed in detail and a case study for both lumpy and fines will be presented.

Jan 1, 2007

The importance of good winding rope practice is stressed. Details of the ropes used for various duties in the four shafts of The Zinc Corporation, Limited (ZC) and New Broken Hill Consolidated Limited (NBHC) are given. Inspection, testing (including non destructive methods), maintenance and rope discard criteria are discussed. There are sane catments about rope installation methods and an appendix is included which outlines the appropriate statutory requirements for winding ropes in New South Wales (NSW).

Jan 1, 1983

By D Elder, S Bell

Over the last five years Solid Energy New Zealand (SENZ) has gone through a series of changes in response to both external and internal factors. These changes have included corporate reorganisation and funding restructure, as well as modifications to medium and long term business objectives. The nature and size of its coal reserves and markets requires SENZ to continue developing new mines as existing mines are depleted. As well, there are opportunities to develop new mines as coal markets change or to realise value from existing coal resources. To assist in this process, a set of mine project assessment guidelines which are relevant to the size and scale of anticipated mine developments have been developed for SENZ. These project guidelines are structured to operate from the early stages of project or resource review through to final feasibility study stage. The guidelines provide both a basis for planning and budgeting, and a control mechanism within the company. They also enable clear understanding of the status of individual projects and provide a framework for comparison between projects. SENZ now has a defined method to plan, monitor and control this important aspect of its business. The paper explains the development and structure of the guidelines, as well as providing examples of their application. and use. It demonstrates how SENZ integrates its long term planning, five year planning, annual planning, project planning and risk management to maximise the value of individual projects, business units and the company overall in a consistent manner.

Jan 1, 2002

By M Ruhrberg, J Grassmann, C Bauer

Within the context of acid mine drainage (AMD) associated with mining activities worldwide there has been a tremendous research effort to determine the extent of AMD and assess the influencing factors controlling this process. However, the majority of the current approaches focus on local and regional scale case studies and do not provide a global scale picture of AMD potentials. This study attempts to develop a method aiming at a global environmental impact assessment related to AMD. To confine the complex topic this study concentrates on acidic emissions from heaps in consequence of copper mining processes. In order to pursue this approach two factors are of significant advantage: a comprehensive environmental data base of more then 600 copper sites worldwide and a method which has been developed and proven to be successful in assessing environmental impacts related to land use. Current and future research efforts focus on using this background knowledge to enable both a comparison between sites and a categorisation of sites according to emission estimates.

Jan 1, 2003

By Happ J. V

Factors affecting the rate of arsenic removal from lead bullion during softening processes were studied. Very high rates of removal could be obtained under conditions of intense agitation and ready availability of oxidant. Reaction mechanisms were proposed to explain the sequences observed. Selective removal of arsenic with minimal loss of antimony from bullion was favoured by a low temperature Harris process and oxidizing via a caustic soda medium.

Jan 1, 1987

High precision GPS systems for mining are accurate to within a few centimetres. Typical systems consist of one or more GPS antenna, GPS boards, sensors to detect the position of the blade or bucket of the machine radios to pick up correction signals, a computer to control the system and a display screen to give instructions and information to the operator. GPS systems offer two benefits û they give information to the operator to get his job done faster and more accurately and they can send information to management about how the job was done. On dozers, GPS systems allow the operator to accurately complete earthmoving jobs with no survey pegs. On hydraulic excavators the systems can be used to accurately locate the position of the bucket teeth for selective mining. On blasthole drills the systems can guide the operator to each hole and record accurate as-drilled plans. By reporting the position of the blade or bucket in three dimensions it is possible to continuously upgrade a mapfile of the excavation. From this file it is then possible to report productivity numbers in real time. High precision GPS works best with a minimum of five satellites visible. This may be difficult in a pit. Systems which also access the Russian GLONASSS satellites offer significantly better uptime. GPS systems will become indispensable for efficient mining operations in the future.

Jan 1, 2003

By A Thornton, D Engelhardt, J Woodg

Grinding is a critical part of nearly all mineral processing operations. It is the largest consumer of energy on the mine site (and thus indirectly a producer of greenhouse gas through the generation of electrical energy at the power station). Since comminution is one of the main consumers of electrical energy worldwide, efficient control of grinding mills is of paramount importance. Mill Auto-Pilot is a control system developed for SAG mills to stabilise load and power and improve the efficiency of control and increase throughput. A dynamic, mechanistic model of the grinding circuit is used to determine circuit parameters which can not normally be measured using conventional instrumentation. The circuit model is built from models of the unit operations (such as conveyors, SAG mills, cyclones, sumps, etc), and so captures the dynamic complexities and interactions of real circuit operation. CSA Mines at Cobar NSW accepted an offer to be the reference site for Mill Auto-Pilot and the system was installed in March 2004. In this application the model is used to predict mill load mass, mill solids residence time and cyclone underflow density. These parameters are used to control mill load, power and mill discharge density. The outcomes of the introduction of Mill Auto-Pilot at the CSA Mine are discussed.

Jan 1, 2004