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The mining industry is generally regarded as a high risk industry, mainly because of the difficulties in estimating the tonnage and grade of mineral resources, the fluctuations in metal prices, mining problems and other problems which occur with mining in offshore and remote locations, such as appropriation or disruption to supply. As a consequence, finance providers require a high reward from mining projects. In the past two decades, the development of "mega" projects has led to the packaging of the finance becoming more sophisticated. Some would see this move as a measure of the evolution of banking rather than an intrinsic facet of mining finance itself. Project financial managers now require a thorough knowledge of all the financial tools which are available and have to be aware of the funding options so that they can put together a finance package which minimises the cost of the financing with the risk spread adequately between the partners of the financing. The different sources and types of finance for mining projects are described herein along with the factors which determine their costs. To understand the ramifications of financing mining projects, it is essential to appreciate the fundamental difference between debt and equity, which illustrates the importance of gearing. Costs of finance are determined by the interaction of supply and demand forces. Bankers and other financiers have become more adept at isolating a wide selection of risk elements and have devised a formidable range of insurance mechanisms. There is still a lot of money looking for good project risks and if a good project is properly presented and structured, financing can be obtained in today's market.

Jan 1, 1990

Study on Influence that Styrene-Phosphoric has on the Surface Property of Rutile Minerals

Sep 13, 2010

Electronic noses are being used in the processing industries and in fields such as environmental and occupational hygiene to detect a wide variety of problems from contaminated foods to toxic chemicals in soils. Recently, research has been conducted into the use of these devices for detecting spontaneous combustion in mines with the aim of producing a method for early detection of a developing heating. Gas samples were collected from both SimtarsÆ 16 m3 large-scale spontaneous combustion reactor and the University of QueenslandÆs two-metre column. The samples were analysed using an electronic nose. GCMS and HPLC were used to identify some of the components present. A number of issues both from a practical mine situation and a scientific standpoint have been identified that need to be addressed before these devices can be used to detect a developing heating. Aluminised bags routinely used in the mining industry to collect gas samples for analysis of the permanent gases are not suitable for use with electronic nose devices as they have a æfingerprintÆ from the polymer lining that interferes with the coal heating fingerprint. Tedlar bags used for environmental gas sampling are also unsuitable due to their fingerprint. Gas samples can be collected in glass gas bulbs with aluminium seals and successfully analysed. However the aluminium foil used to seal the bulbs is a restricted item in underground mines. It was also found that the volatile organic fingerprint of the coal heating was extremely weak at temperatures below 130¦C. Before a useful application can be developed, further investigation into the chemical species present in the off-gases from Australian coals is required.

Jan 1, 2005

By T Higuchi, L Lu

The quality of iron ore fines have been deteriorating, which has affected sinter quality and productivity adversely. New pretreatment and sintering technologies are therefore required to tackle the gradual change in the quality of iron ore fines. In the sintering process, iron ore fines are first granulated with fluxes such as limestone and coke breeze, and are then loaded and fired in a sinter machine. Sinter productivity and quality are heavily influenced by the reactions occurring in the sintering bed. Hence fundamental understanding of these high temperature properties of ores is urgently needed.Formation of initial sinter melt, penetration and assimilation of nucleus particles by the initial melt, and consolidation and final solidification of final sinter melt are believed to be the key sintering reactions. The assimilation and penetration phenomena have been studied separately in the literature with model particles and diffusion couples and are therefore difficult to relate to sinter quality. In addition, the effect of ore mineralogy has not been studied in detail.In this study, tablets consisting of coarse particles from various iron ore fines as nucleus particles and chemical reagents as adhering fines were made and fired under various sintering conditions to investigate the penetration and assimilation behaviour simultaneously. The degree of assimilation, pore structure, compressive strength of the resultant analogue sinters were evaluated and the relationship between sinter strength and ore characteristics was further discussed. The nucleus particles from Ores A and B were found to be more porous and assimilated more readily with sinter melt, resulting in a viscous melt and a macro-porous sinter structure. The nucleus particles from Ores C and D on the other hand, assimilated less readily with sinter melt, resulting in a fluid melt and a denser sinter structure. This is consistent with the results reported in the literature, suggesting that the present evaluation method can be utilised for studying sintering reactions and predicting sinter quality.CITATION:Higuchi, T and Lu, L, 2017. Evaluation of sintering behaviour based on ore characteristics, in Proceedings Iron Ore 2017, pp 303–308 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Jul 24, 2017

Thermodynamics of Non-Cyanide Gold Solvents The present status of the raw material base in the gold industry requires specific ways to recover gold and silver from ores. Most gold is closely associated with sulfides which require flotation followed by pressure or bacterial oxidation. The next stages of processing usually require using expensive operations for the preparation of leaching. A lot of researchers want to find a new alternative solvent for the extraction of precious metals from these products. According to the authors, one of the best ways is to use sulfur-based solvents (thiosulfate, sulfite, and their various mixtures). Thermodynamics of gold and silver thiosulfate dilution are calculated for conditions: the concentration of Au - 200 mg/L, oxygen - 3.2 mg/L, thiosulfate - 79 mg/L, OH- - 170 mg/L. the general result is the possibility of process remains under standard conditions. (erAu = = 0.035 V, ?G298 = - 29.18 kJ/g-atom ??). Silver with thiosulfate forms two strong complexes: [AgS203]- and [Ag(S203)2]3-. ?G0 = -1027 kJ/mol. The complex [AgS203]- is less stable: ?G0 = 486 kJ/mol. It should be noted that despite the high stability of gold complexes, the sodium thiosulfate may decompose to sulfite and elemental sulfur during the process, especially when heating. Gold is slightly soluble in the sodium sulfite solution, however it forms the strong complex [Au(SO3)2]3-. Depending on the concentration of free S2O32-ions, silver with sodium sulfite forms three complexes: [AgSO3]-, [Ag(SO3)2]3- and [Ag(SO3)3]5-. The dissolution speed of gold in sodium sulfite solution may be in the same range as it is during cyanidation. In this case, a practical application of sulfite process can be also used, especially for the products containing free elemental sulfur. In conclusion, sulfite-thiosulfate gold lixiviants can be used for concentrates after pressure oxidation of the cakes.

Sep 13, 2010

Iron production in one year exceeds that of all other metals combined in ten years. It is a huge industry that started from a modest furnace producing one - two kilograms metal per day to a gigantic reactor producing 10 000 tons per day. The major milestones of these developments are reviewed.

Jan 1, 1999

By F Farías, D Villa

Codelco’s Salvador Project has been operating a block/panel caving mine for more than 50 years. This underground mining method dynamically mixes the ore and dilution. As a result, forecasting grades is difficult and achieving 100 per cent extraction of the reserves is practically impossible. A substantial volume of the ore mixed with dilution becomes remnant ore and remains to be subsequently extracted.A potential open pit mine is under evaluation at Codelco’s Salvador Project, which includes the extraction of remnant ore post-block caving extraction. An effective methodology has been implemented to estimate what is left behind once the underground mine has closed. A new mixing method using the Cellular Automata (Alfaro and Saavedra, 2004) approach has been used to allow estimation of the remnant ore with a sufficient level of confidence to be included as part of the open pit reserve.A remnant block model is created using elements such as in situ block model, drawpoint layouts, historical production records and the drawpoint extraction. Using this information, simulations of the extraction of the mine by month from 1959 to 2019 were completed, using different mixing scenarios and trying to replicate the tonnage and grade extracted.Finally, the remnant block model is categorised using a score card with four inputs to assess the risk of the estimation of this material into a category class (measured, indicated and inferred).CITATION:Villa, D and Farías, F, 2016. Remnant ore model generation and categorisation post-block caving extraction at Salvador Mine, in Proceedings Seventh International Conference and Exhibition on Mass Mining (MassMin 2016), pp 461–470 (The Australasian Institute of Mining and Metallurgy: Melbourne).

May 9, 2016

By P N. Holtham

As part of a long-term study of titanium minerals processing being undertaken by the Julius Kruttschnitt Mineral Research Centre (JKMRC), techniques have been developed to measure the electrical properties of the various minerals. The measured values will be used to model the behaviour of the various minerals in high-tension roll and electrostatic plate separators. The resistivities of ilmenite, rutile and zircon from a number of Australian producers have been measured by applying a DC voltage across a test sample and measuring the resulting very small current flow. By appropriate design of the measurement cell and attention to the experimental procedure, reproducible resistivity values have been obtained, ranging from 106Ωm for ilmenite to 1013Ωm for zircon. However, the conditions of measurement are radically different from those under which electrical separation takes place. It is not certain that the measured values reflect the resistivities seen under high-tension separation, during which the particles are subject to a high intensity corona field. Consequently, an alternative technique for measurement of resistivity under conditions of corona bombardment has been developed. It is based on the experimental procedure of Castle and Yelle (1979) used to measure the resistivity of fly ash under the conditions occurring in electrostatic precipitators. This paper describes the development of the segmented ground plane measurement surface and a high-voltage switched resistor network which comprises the in situ resistivity apparatus. Results are presented comparing the measurements made under corona bombardment with those made using the DC measurement cell. The equipment has also been used to study the current distribution from a corona wire, as a function of high-tension voltage and wire-to-plane spacing.

Jan 1, 2001

Since its inception in 1962, the Julius Kruttschnitt Mineral Research Centre has adopted the view that an effective method of training highly qualified engineers for the mineral industry is the pursuit of postgraduate research programmes conducted in operations, that is, in the mines and processing plants of the industry which the research serves. The paper describes how this is achieved in practice, at little or no cost to the taxpayer, and explores the strengths and weaknesses of this approach in the context of a dual mission for the Centre: 1. The postgraduate training of engineers for the mineral industry. 2. The production of useful R &I) for the mineral industry. Topics discussed include financing, relationships with industry and Government, the maintenance of academic excellence, research style, the marketing of research, and limits to growth.

Jan 1, 1989

By G J. Massoth, K Faure, A G, R G. Ditchburn, I J. Graham

From modest beginnings in 1996, research into the mineral potential of New ZealandÆs Exclusive Economic Zone has progressed into a major multidisciplinary component of GNSÆs recently funded 6-year æMineral Wealth of NZ and its EEZÆ Programme. In excess of $7.5 M of research funding has been expended, plus $10 M leveraged via collaborations with NIWA (NZ), NOAA (USA), JAMSTEC (Japan), U. Kiel (Germany) and ANU (Australia), whose scientists have contributed hugely to research cruises, as well as subsequent analysis and publication. The 1999 NZAPLUME I cruise was the first research expedition to systematically locate, and chemically characterise, submarine hydrothermal venting associated with arc volcanoes of the southern part the Kermadec intra oceanic arc system. This was followed by the 2002 NZAPLUME II and 2004 NZAPLUME III cruises to the mid- and northern-sections of the Kermadec arc, respectively. Combined, these cruises have surveyed 1300 km of the volcanic chain (from Whakatane to Monowai), including 34 major volcanic centres. Together with concurrent surveys in the Tonga arc, this is now the longest continuous stretch of intra oceanic arc to be surveyed for hydrothermal emissions. Most of the volcanic centres are characterised by simple cones although 30 per cent contain caldera complexes, and compositions range from basalt through to rhyolite. Massive sulphide mineralisation has been recovered from several volcanic centres in the southern Kermadecs (Clark, Rumble II West and Brothers), suggesting the existence of significant Au and base metal bearing deposits along the arc front.

Jan 1, 2005

The role of government and the community has changed significantly over the last two decades in relation to environment protection, particularly in the mining sector. Increased community expectations have moved well ahead of regulatory requirements, and there is now a much greater appreciation generally of the concepts of ecologically sustainable development and intergenerational equity, and the gap between current practice and practices which would be in harmony with these concepts. Besides providing a `safety net' through regulations to ensure that basic environmental performance standards are met, government is now working proactively with the mining industry to encourage higher levels of environmental performance. This paper describes some initiatives between the Commonwealth government and the industry designed to achieve these higher levels of environmental performance, through programs aimed at the paradigms of best practice environmental management and continual improvement.

Jan 1, 1997

Great new drilling results! What's so sinful about being a multi-national company? Overseas protestors flown to Australia for a free holiday How to counter the protectionist danger? Our current economic standing Over-regulation puts a convicted paedophile on the payroll The broken window fallacy Mining - A shared history Aristotle and the camels A brighter future? Something over which we do have far greater control, i.e. leadership within our own industry My challenge to you The expanding gold- producing company of which I am proud to be Chairman, Croesus Mining NL, is by definition a æmultinationalÆ. Our shareholders are based in 36 different countries, 77% of our 107 million shares are held in Australia, 23% are held outside Australia, and include New Zealand holdings of 7%. In September, Croesus Mining presented our company at the Mining 2000 Forum in Melbourne, a city caught up with multinational protestors demonstrating against multi-national companies.  

Jan 1, 2000

Recent work on decoppering lead is reviewed CUS is formed rapidly even from dilute solutions of copper in lead. The mechanism of decoppering is discussed and an explanation for the retention of metals such as silver in lead is advanced. As decoppering tin appears to be an analogous process, the, Cu-Sn-S system is studied at 300°C.. CuS, which is not an equilibrium product, is found m decoppermg drosses. In the removal of nickel from lead, Ni3Pb2S2 is formed; preliminary measurements show the equilibrium nickel content to be greater than that obtained by stirring in sulphur. Decoppering bIsmuth IS thermodynamically favoured, but is complicated by the occurrence of CuBiS2 The Cu-Pb-S system IS the only one of the four studied where the equilibrium can be calculated simply, as the presence of ternary sulphIde or other phases invalidates calculations based on binary data.

Jan 1, 1971

By A Priatna, H Rumbino, T Casten

This paper discusses the progress of the Deep Mill Level Zone (DMLZ) mine from the pre-feasibility study completed in 2005, through commencement of development access in 2008, completion of the feasibility in 2010 and cave initiation in late 2015. This fourth lift of caving in the East Ertsberg Skarn System (EESS) is located 500 m below the currently producing Deep Ore Zone (DOZ) mine and represents approximately half a billion tonnes of ore and around 1900 planned drawpoints, scheduled to be mined at a peak of 80 000 t/d.The paper reviews the mine design, access requirements, planned footprint sequence and major fixed facility installations such as ventilation, oreflow and shops. A discussion of the preproduction development and construction activities and some of the critical technical challenges overcome during this time frame are addressed, as well as the cave initiation process undertaken in late 2015 and the ramp-up of production and progression of caving.CITATION:Casten, T, Priatna, A and Rumbino, H, 2016. Deep Mill Level Zone – from feasibility to production, in Proceedings Seventh International Conference and Exhibition on Mass Mining (MassMin 2016), pp 635–644 (The Australasian Institute of Mining and Metallurgy: Melbourne).

May 9, 2016

By M P. Simpson

Forty one whole rock samples from the Gold Cross low-sulfidation epithermal Au-Ag deposit have d18O values that range from 4.4 to 9.3 per mil, with an average value of 7.0 per mil. Unaltered and weakly altered rocks have d18O values greater than eight per mil, and the orebody is surrounded by samples that are depleted in 18O. A strongly silicified sample adjacent to the Empire Vein System has a d18O value of 9.0 per mil, similar to previously reported analyses of vein quartz (7.0 to 11.7ë, average 9.4ë). This suggests that, in detail, Golden Cross may have a zone of 18O-enriched wall rocks in the core of the deposit, adjacent to the main underground veins. Although some workers have suggested that stable isotope geochemistry may provide useful information for epithermal mineral deposit exploration, at Golden Cross this is not the case. Alteration minerals, major elements and trace elements all define larger, less ambiguous halos than the zone of 18O-depleted wall rocks.

Jan 1, 2001

The mineralogy of the rocks now observed in the Nairne pyrite deposit developed under conditions of internally-controlled sulphur activity during amphibolite facies metamorphism. In the sulphide-deficient metasediments the activity of sulphur was low, and pyrrhotite developed with iron-bearing silicate minerals. At higher sulphur activity, in the sulphide-rich meta-sediments, pyrite formed in addition to pyrrhotite, and the associated silicate minerals are iron-deficient.

Jan 1, 1969

By Van Dusen M

The involvement of concerned parties in all aspects of the Lihir Project from an early stage has promoted good relations between all groups. Activities involving landowners, the Lihir community, the New Ireland Provincial Government (NIPG) and the prospective developer include the Lihir Liaison Committee, Lihir Working Group, Environmental Planning Committee, Provincial Mining Task Force and the Lihir Mining Area Landowners Association (LMALA). With modifications, the Lihir Liaison model may be of use in promoting good relationships among parties in other mineral developments.

Jan 1, 1991

Magnetite cenospheres 40-270 I/m in diameter have been found during the combustion of pyrite concentrate.Micrographs of the surface and internal structures are presented together with comment on the mechanism of forrnation.The similarity to cenospheres found during the combustion of pulverized fuel was noted and speculation raised to their contribution to the dust and fume load in flash smelters.

Jan 1, 1980

GENERALTHE coal deposit, where it is being worked, consists of a bed of brown coal varying in thickness from 120 ft. to 200 ft., covered by an overburden of clay, drift, loam, etc., of a thickness of 22 ft. to 40 ft., and averaging 28 ft.The overburden is first entirely removed from the coal, and then the coal is excavated by. large revolving shovels which work at the bottom of the hole or open cut in the coal and deliver it in shovel bucketfuls to the transport system. The shovels owned by the Commission and available for this coal excavation are two Bucyrus steam revolving shovels, one being type 150B, weighing 150 tons, having a 21-cub. yd. bucket, and capable of digging a 47-ft. face; and the other being type 175B, weighing200 tons, having a 31-cub. yd. bucket, and capable of digging a 61-ft. face.In addition to these two steam shovels, the Commission has recently obtained a No. 250 Ruston electric revolving shovel weighing 340 tons, and having a bucket of 10 cub. yd. capacity, and capable of digging a 75-ft. face. When this electric shovel has been erected it will replace the steam shovels on the coal excavation, and the permanent transport system has been designed to take delivery of the coal from its bucket.The duty to be performed by the transport system is to take the coal from the shovels, elevate it out of the open cut, transport it to the screening house, deliver it iuto the hoppers at the top of this building, then to take the coal after it has passed over the screens and distribute the required grades to the power house and to the briquetting plant.

Jan 1, 1924

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

Precrusher stockpiles are designed principally as buffers to decouple the mining and processing operations. They are usually paddock dumped or dumped over a face to form fingers by dumping haul truckloads and reclaimed by front-end loader in an ad hoc manner. In addition, they are often not built and reclaimed to completion but continually added to and extracted from. While this design suits the mining process and is operationally simple, there can be little confidence in the grade of the ore that is fed to the crusher. This makes short-term grade control difficult and reconciliation back to the mine face imprecise. Well-designed and operated precrusher stockpiles can overcome these deficiencies.The different types of grade variability in mining are reviewed in this paper. The role of precrusher stockpiles in reducing short-term variability is discussed and their ineffectiveness in addressing long-term variability is highlighted. Their role in removing the serial correlation of the extracted ore is explained.Precrusher stockpiles carry out the four, at times competing, objectives of storing, buffering, blending and grade separation. Their actual design and operation result from a compromise between these four competing roles. These roles are explained in detail along with the advantages and disadvantages of the different types of precrusher stockpiles. The recommended blended-in blended-out stockpile (BIBO) design is discussed in detail. Matched pairs of BIBO stockpiles of limited tonnage built and reclaimed to completion retain the best knowledge of grade and facilitate the reconciliation process.Simulation studies have been carried out on BIBO stockpiles to understand the blending opportunities of the different options for building and reclaiming, and to identify the methods that achieve maximum blending. It was found that laying down rows in one direction and reclaiming across these rows gives the best blending. Matching the width of the reclaim face with the daily crushing requirements is also important. The length of the rows, and building in either one or two layers has little effect on the extent of blending.Appropriate design can provide a reasonable compromise between the four objectives.CITATION:Jupp, K, Howard, T J and Everett, J E, 2013. The role of precrusher stockpiling for grade control in mining, in Proceedings Iron Ore 2013 , pp 203-214 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Aug 12, 2013