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By H Kurth, L Balzan

On-belt analysers have been used since the early 1980s in the coal sector to measure ash content in real time for diverting material on conveyors to remove waste, bypass beneficiation and allow suitable material to proceed to the wash plant for processing. Since 2008, a GEOSCAN-M elemental analyser has been used on an overland conveyor in South Africa to divert direct-shipping quality iron ore to bypass a jig plant. This paper focusses on recent evaluation work to determine the suitability of an on-belt analyser to upgrade the processing plant feed in a copper-gold operation.Copper-gold ore samples from New Gold’s New Afton Mine near Kamloops, BC, Canada were tested to assess measurement accuracy over short time increments. A two-minute measurement increment has been used in the minerals sector as a compromise between good measurement accuracy and a useful tonnage (haul truck equivalent size or smaller). At New Afton, this increment represents approximately 35 t of material. Segregation decisions are currently made after visual and sometimes analytical determination, at increments of approximately 500 t to designate material as ore or waste at the drawbell in the cave.Results of test work including the composition range and expected accuracies by element are shown. The operation, which is not mine constrained, was evaluating the potential for ore upgrading through waste and low grade increment diversion to upgrade ore quality feeding the mill. Prompt-gamma neutron activation analysis (PGNAA) was considered as the company recognised that it would measure through the full conveyed cross section continuously and produce multi-elemental measurements unaffected by particle size, dust, moisture content, layering and segregation, mineralogy and belt speed.GEOSCAN analyses over various analysis periods will be collected to identify variability in the conveyed material quality and used to generate tonnage-grade curves so that an optimal diversion (bulk sorting) tonnage increment can be determined. Measurement increment time can be customised to suit site requirements. CITATION:Kurth, H and Balzan, L, 2017. Assessing bulk sorting suitability at the New Afton mine, in Proceedings MetPlant 2017, pp 315–323 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Sep 11, 2017

By Szymanski J

In the first part of this paper, the principal sources of dilution during underground evaluation and mining are discussed, then definitions of ore dilution currently in use are analysed. These definitions vary depending on the authors. Ten different analytical expressions of dilution percentage currently exist. It is demonstrated, with the help of a numerical example for a given mining condition, that dilution percentage results vary considerably and that they depend on the definition used. This situation makes it difficult to compare different results regarding the dilution problem, often because some of the terms used are contradictory. A new ore dilution evaluation methodology is proposed, replacing the ten different analytical expressions by only two: the planned dilution factor related to the stoping selectivity, done at the mine planning level, and the additional dilution factor related to the efficiency of the dilution control measures during stoping operations. The conclusion shows that the use of this methodology would be a definitive asset in planning, in stoping operations follow-up, and in future costs comparison studies between mining operations.

Jan 1, 1995

By P Hagan, S Wang, D Li, B Loh

A study was undertaken to quantify the differences in performance between a full-length encapsulated cable bolt and a partially encapsulated cable bolt. Much research has been reported on the differences in cable bolt design and operational parameters such as borehole diameter and grout type with much of this based on the Laboratory Short Encapsulation Pull Test (LSEPT). However, there is a gap in knowledge surrounding the effect of anchorage length on load transfer and cable bolt performance particularly with respect to the role of the bulb in modified cable bolt designs. The objective of this study was to expand the existing knowledge base of cable bolt performance with the intent of developing a revised design criterion. Alongside a comprehensive review of current cable support theory, design and practice, a series of pull tests was undertaken to compare each anchorage method using a high capacity modified cable bolt. The results serve to confirm earlier work on fully encapsulated anchorage. Both the peak load capacity and stiffness of the fully encapsulated cable bolt were nearly double that of the partially anchored cable bolt. When the tests were repeated in an oversized borehole, while there tended to be more variation in performance, there was little significant difference in the mean results. In addition to anchorage length, there are other factors that contribute to cable bolt performance including in order of sensitivity: embedment length, water-to-cement ratio of the grout, type of grout and borehole diameter. CITATION:Loh, B, Hagan, P, Li, D and Wang, S, 2018. A comparison of the performance of fully versus partially encapsulated cable bolts based on laboratory-scale testing, in Proceedings The Fourth Australasian Ground Control in Mining Conference (AusRock), pp 291–302 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Nov 30, 2018

By M Breen

In 2009, George Fisher mine began to seriously consider the transition from pyrotechnic detonators to electronic detonators. Initially, the electronic detonators were used for complex crown shots or areas where ground conditions had the potential for excessive overbreak. After critically evaluating the potential safety benefits, production increases and ability to redesign stopes to better manage a thinly bedded hanging wall, the mine decided to embrace the technology.

Nov 8, 2011

By D Thornton, R Hodson, D Sprott

Blast fragmentation size distribution and thus blast design have been found to have a direct impact on the load and haul cycle through excavator dig time and bucket payload. Previous studies have demonstrated that by reducing the excavator dig time and increasing bucket payload, significant improvements can be made in both productivity and unit cost. Simulation work reported in the literature indicates that a 20 per cent improvement in dig time may result in only a three per cent improvement in load and haul productivity and unit cost. At the same time, a ten per cent improvement in bucket payload will directly translate to a ten per cent improvement in load and haul productivity and unit cost. Based upon these findings, extensive laboratory and field work have been undertaken in the past to correlate blast fragmentation distribution to bucket payload. In contrast, the literature reports limited studies quantifying the impact of blast fragmentation on excavator dig time. Field work was conducted at Placer Dome Asia PacificÆs Granny Smith Mine (Wallaby Pit) in Western Australia, concentrating on quantifying the impact of blast fragmentation on the dig time of a Liebherr 994 hydraulic excavator (shovel attachment with 14 m3 bucket). Fragmentation was assessed for each truck load of material using the Split Desktop system, while the excavator cycle analysis was conducted manually. Measured fragmentation P80 (fragment size at which 80 per cent of material passes) values ranged from 200 mm to 1200 mm. The field study investigated the impact of various fragmentation parameters (P20, P50, P80, cumulative per cent passing 250 mm size fraction, and uniformity index) on the average and total dig times. The results indicate that the fragmentation P80 provides the best correlation to average dig time (total dig time divided by the number of bucket passes to load a truck). The total dig time was found to be dependant upon the fragmentation P80 and the number of bucket passes to fill a truck. Monte Carlo simulation results, based upon these relationships, indicate a 26 per cent improvement in average dig time and a 12 per cent to 46 per cent improvement in total dig time (bucket passes ranging from 4 to 8), with a change in fragmentation P80 from 600 mm to 200 mm.

Jan 1, 2003

By B Armstrong

The Proterozoic poly-metallic Trilogy deposit was discovered in 1997, and until recently, mining evaluation was stalled due to poor metallurgical performance. Unlocking the substantial economic value of the deposit required a coming together of geologists, mineralogists, metallurgists and mining engineers, who by working collaboratively, uncovered the detail necessary to allow the required metallurgical breakthroughs to occur. The deposit itself is described as a sedimentary exhalative (SEDEX), with an enriched lead-zinc-silver core surrounded by a broader envelope of copper-gold mineralisation. The geological domains were defined in broad terms based on the style of mineralisation, assay values and lithology. These domains, while adequate for the resource estimation process, failed to translate into representative metallurgical domains. Additional work with new techniques defined regions in the deposit with altered processing properties which could not be recognised by conventional geological logging. Such additional complexities could not be appreciated at the outset of the metallurgical test work program.These regions were defined by applying the EDTA analysis method for recognition of where the valuable sulfides, particularly galena, had been partially modified by oxidising conditions. Hence, the flotation response of the valuable sulfide minerals was diminished and the increased amount of heavy metal cations available in the system significantly reduced selectivity in the flotation process.Understanding the detail of this complexity was essential in determining representative metallurgical domains, which was the first step in the long road of development.

Sep 5, 2011

By D H. Bell

Slab-buckle failures in coal sequences involve thin slab deformation in strata dipping parallel to the footwall, and are a consequence of both unloading and the weak nature of the thinly bedded rock mass. Methods of modelling and predicting such occurrences include: +        a conceptual model using a base friction table, +        a mathematical model using the Euler solution for column and beam bending (after Goodman, 1980), and +        computer analysis techniques such as UDEC (Universal Distinct Element Code after Cundall and Hart, 1993).   Slab-buckle failures have the potential to seriously disrupt production because of their volume and rapidity, and to endanger both equipment and personnel working on the pit floor.   In July 2004 a large slab-buckle failure occurred overnight after a new batter and bench had been formed at the Malvern Hills Opencast Mine in inland Canterbury. This involved the entire length of the pit (85m along strike) when a 2m thick intact slab with a total volume of ~3500m3 translated down dip 6.2m on the base of a thin coal seam to form a pronounced buckle at the toe. The coal measures consist of finely laminated mudrocks with multiple coal seams of varying thickness dipping ~45¦ to the southeast, and the opencast mine had been designed with footwall batters formed parallel to bedding with a vertical bench separation of 15m.   Back analysis of the Malvern Hills failure was necessary to investigate the controls on footwall instability, and for future mine design. An engineering geological model was created and samples of the slab material and failure surface were collected and tested to establish the required parameters for use in the Euler solution for column and beam bending. Back analysis using the Euler solution provided unrealistic results that overestimated the overall length of a stable slope by more than 10 times.   No further large scale slab-buckle failures have developed at the mine site, in part because of the slow rate of coal extraction, but precautionary drainage of the footwall slopes has been undertaken to improve overall batter stability. The location of the slab-buckle failure on a critically positioned pre-sheared thin coal seam with full hydrostatic head is considered the most probable cause of the July 2004 failure, rather than inherent instability of the generic bench and batter arrangement adopted. The use of a precedent-based engineering geology approach to future mine design is considered the most appropriate solution in the circumstances.

Jan 1, 2007

By S Lakemond, L I. Ku, J Vaughan

Conventional processing of poly-metallic gold containing flotation concentrates are challenging for a number of reasons. One reason is that substantial copper and zinc in the cyanide leach solution compete with gold and silver for carbon adsorption sites. In this study, metal-cyanide adsorption kinetics and equilibrium are measured on three samples of coconut derived activated carbon and one sample of synthetic carbon. Loading selectivity was confirmed to be in the order gold>silver>copper>zinc for all carbon samples. The synthetic carbon tested showed promising results in terms of loading kinetics and capacity for precious metals.CITATION:Lakemond, S, Ku, L I and Vaughan, J, 2013. Effect of carbon type on adsorption of Cu, Zn, Ag and Au from mixed cyanide solution, in Proceedings World Gold 2013 , pp 411-418 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Sep 26, 2013

By P Guj, J A. Bell

The valuation of early-stage exploration projects requires a valuer to take into account a large number of uncertain value drivers, the interplay among which may be non-linear. This paper examines some of the key value drivers including geology, target metrics, project area and maturity, the market and the psychology behind the decision-making process. The commonly accepted valuation methods and their underlying logic are outlined, including a view on why they evolved, what value drivers they attempt to address and their potential shortcomings. These methods include the multiple of exploration expenditure, geoscience rating, expected values and market based methods. The potential future valuation methods of replacement values and neural networks are also introduced along with how to minimise heuristic bias and error within the market-based approach.CITATION:Bell, J A and Guj, P, 2012. Exploration value drivers and methodologies, in Proceedings Project Evaluation 2012 , pp 17-28 (The Australasian Institute of Mining and Metallurgy: Melbourne).

May 24, 2012

By H Guthrie, J Hodder, J Bain, S Durkin

Australian mines have traditionally relied on diesel powered vehicles to fulfil their light vehicle needs. There are many reasons for the resources industry to review its use of diesel-powered vehicles. The international industry has developed projects to explore the use of Battery Electric Vehicles (BEV) as a more sustainable alternative to traditional diesel-powered vehicles. While the technology for cost-effectively applying modern high-performance lithium-based batteries to the mining environment has existed for over a decade it is yet to be widespread throughout the industry. Through the collaboration of Safescape, 3ME Technology and Kirkland Lake Gold, with funding from Mining Equipment technology services (METS) Ignited, the project has focussed on advancing the Australian METS sector’s capability in the rapidly approaching implementation of BEV technology. This paper reports on the collaborative approach to develop a prototype vehicle; explains the selection criteria for the various components of the vehicle; and details the risk-based approach to developing a scalable product to replace existing underground light vehicle fleets. The prototype vehicle was tested underground at Kirkland Lake Gold’s Fosterville operations in Victoria beginning in October 2019. Reporting from these trials focusses on the key factors affecting underground operations. These include driveability, safety, charging and cycle times. Gathering data around energy consumption through normal daily duties enabled a model of energy consumption and charging requirements to be developed such that various applications of the electric vehicle can be considered against existing diesel-powered vehicles. This has provided insight into the impact on daily operations, and the way forward for large scale implementation.

Mar 15, 2021

By G J. Harbort, Z Pokra

It has been observed in several Jameson cell installations where the source for flotation feed is deslime screens, that the recovery of coal particles greater than 0.5 m is not as great as that of finer material. Consequently, a research project was undertaken at a CHPP in the Bowen Basin, Queensland, to assess the possibility of increasing the recovery of coarser particles (+0.5 mm) within the downcomer of the Jameson Cell. The effect of decreasing turbulence and agitation in a commercial-scale downcomer was investigated to assess the effect on the recovery of both coarse and fine coal particles. This paper details the findings of the testwork, summarising the results relating to differences in the operating parameters within the downcomer.

Jan 1, 2005

By D Bradshaw, R Dunne, S Farrokhpay

It is well known that clays affect the flotation performance, and many of the refractory gold ores around the world contain clay minerals. Therefore, an ore sample from the Carlin Trend was selected for this study as these ores contain large quantities of clays. The presence of clay minerals in an ore makes it susceptible to a range of variables, such as the solution chemistry determined by pH and the chemistry of the rheology modifiers. The viscosity of the ore slurry was measured as a function of solid concentration and particle size distribution, in addition to using different rheology modifiers and pH regulators. The results were correlated with the ore flotation performance. It was found that various reagents known commonly as dispersants or rheology modifiers have different effects on the ore slurry viscosity. This study revealed that the gold flotation recovery can be improved by changing the pulp rheology.CITATION:Farrokhpay, S, Bradshaw, D and Dunne, R, 2013. Rheological investigation of the flotation performance of a high clay containing gold ore from Carlin Trend, in Proceedings World Gold 2013, pp 333-340 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Sep 26, 2013

By Bearman R. A, Parkin R. M

In the comminution industry cone crushers are widely used for secondary and subsequent stages of size reduction. Traditionally cone crushers have been operated and monitored manually. Alteration of discharge setting is now commonly achieved via hydraulic means, however, compensation of liner wear can still involve plant shutdown and loss of production. Drift in discharge setting due to liner wear is still a major problem that must be addressed to improve product quality, consistency and reduce recirculating load. The continuous demand for better quality products and the high cost of reprocessing or discarding unsaleable material, highlights the need for re-examination of the technology associated with the crushers to ensure optimum control and system efficiency. A collaborative project between Pegson Ltd, one of the leading UK manufacturers of jaw and cone crushers, De Montfort University Leicester, and Transfer Technology plc was established to address the technological requirement for automation of the control of cone crushers. The machine chosen for the study is a 900 Autocone cone crusher manufactured by Pegson Ltd. The design philosophy is based on a mechatronic approach providing a complete solution through a distributed network of intelligent sensors, artificial intelligence technology and adaptive control. The modular design of the system ensures a progressive sophistication in technology that allows the automation to be phased in as required. This will ensure maximum benefits to all sectors of the aggregate industry. It is estimated that the automation will result in savings of around ten per cent. The savings will result from minimising the production of unsaleable products by reliable condition monitoring and automation of the control and maintenance of system parameters to optimise system efficiency. Extension of the methods and principles into the mining sector is anticipated. The control over the size of crusher product will offer great benefits to the mining industry with significant implications for subsequent milling and beneficiation processes.

Jan 1, 1995

By T O Aspinall

The Australian mineral industry involves a diverse range of expertise and skills. Within that, the mining industry, representing mine planning, mine management and equipment operation, has capital intensive, high productivity equipment and a small but skilled workforce. Continuing education for all personnel in the workforce after formal school courses will be an important contribution towards improving competitiveness. The non-tertiary sector represents a significant proportion of the workforce and requires as much attention as the tertiary educated group. Competency Based Training is now being developed for the mining industry in Australia under the National Training Board and the mining industry is well represented in establishing standards and curriculum. TAFE is a major source of accredited courses but some mining companies are also developing internal courses not necessarily for external accreditation. Articulation of such accredited courses to tertiary mining engineering courses has been considered. The education and training of equipment operators through continuing education requires attention to operating skills, an understanding of the productivity factors under the direct influence of the operator and providing product quality to the customer. The education and training of mining engineers has been widely covered and continuing close involvement of the mining industry is required to ensure well balanced courses in technical and interpersonal skills as well as motivation to continue learning for life. Postgraduate research is a part of continuing education but the mining industry has to continually address the adequate recognition of post-graduate qualifications for the increased technical or management expertise and the development of better analytical and problem solving skills which can be directed towards improving competitiveness. More attention has to be paid to providing adequate financial incentives to attract suitable students, particularly after attaining some experience, and to address their professional career path with a company so they are not significantly disadvantaged by undertaking post-graduate studies. The Chartered Professional Engineer status as provided by The Institution of Engineers, Australia to qualified candidates is being considered by The Australasian Institute of Mining and Metallurgy as a further recognition of a member's specific expertise and competence in mining and metallurgical engineering. Continuing education plays a major part in the maintenance of the expertise and competence required for a professional engineer to develop and also to retain chartered status. Continuing education will be a significant part of the education and training of all the mining workforce towards improving the competitiveness of the mining industry. The major challenges will be the motivation of all towards lifelong learning and the integration of the various programs towards providing the opportunity for a steady and satisfying career progression.

Jan 1, 1994

By J W. Dong, Y M. Li, J L. Tian, Z H. Jiang

Electroslag remelting is widely used to produce various special steels, mainly because of its ability to provide high cleanliness and excellent homogeneity of ingot. Undoubtedly an optimal slag plays a key role in removing inclusions and enhancing the mechanical properties of a specific special steel. In order to improve the metallurgical performance of the slag in electroslag refining of die steel, a variety of slags have already been developed using traditional trial-and-error methods. Nonetheless, these slags may not be inherently optimal for the specific requirements of actual die steel refining processes. In this work, we have designed a CaF2-CaO-Al2O3-SiO2-MgO quinary slag system using genetic algorithms method aiming to remove the existing large size inclusions (D and Ds type) in high quality die steel. The comprehensive effects of five components (CaF2, CaO, Al2O3, SiO2 and MgO) were studied based on existing fundamental theory. The slag composition was screened considering the parameters such as melting point, electrical conductivity, calcium ion concentration, and appropriate viscosity etc. Furthermore, the candidate optimal slag was applied in the industrial production of die steel by electroslag remelting method. The detection results indicate that majority large inclusions (D and Ds type) have been successfully removed, showing significant advantage to traditional slags. This result has demonstrated the genetic method to be efficient and reliable. In addition, depending on the personalised demand of other steel and alloys, this method allows for the adjustment of the screening frameworks and processes to develop the candidate optimal slags. This method has not been reported previously in the field of electroslag composition design, and compared with the traditional trial-and-error method, the new method will save a lot of time and experimental costs.

Jun 19, 2024

By B Vietnieks, N Widmer, L White, E Tata, J Natukunda, D C. Ilouga, J P. Tyler

The Republic of Uganda aims to exploit its’ significant, un-developed iron ore resources to supply the required raw material for developing its’ iron and steel industry across all the stages of the supply chain. Large prospects of iron ore exists in Uganda in the eastern (Tororo) regions and southwestern (Kisoro-Kabale) regions of the country. The Kisoro-Kabale iron ore projects covers mineralisation in hematitic banded iron formation (itabirite) in the north-eastern Congo-Tanzania Craton; covering ten Iron ore prospects. The prospects include Kamena, Karukara, Nyamiringa, Kyanyamuzinda, Rugando, Katagata, Rwengongo, Kijuguta, Kihumuro and Katuna. High-grade hematite ore prospects in south-western Uganda have known grades ranging from 55 per cent to 68 per cent iron ore content with an exploration target estimated at over 500 million tonne (Mt). Small scale production of iron ore from the south-western regions provide raw material to existing steelmaking and direct reduction iron ore plants located in the Jinja and Iganga districts of eastern Uganda. Large quantities of iron ore and other steelmaking raw material, however, are required to be imported into Uganda due to the limited exploration and development of their own iron ore mining operations. A joint collaboration between the European Union (EU), the Department of the Geological Survey and Mines (DGSM), Ugandan Ministry of Mines in partnership with Australian drilling and mining consultancies, ADT Africa and Kalem Group as a EU funded project was undertaken during November 2022 and September 2023. Exploration and evaluation of the ten iron ore prospects in south-western Uganda was undertaken through geological mapping, drilling, assaying, and technical studies with the view to attract investment for the development of Uganda iron ore mining and steelmaking industry. The collaboration developed mineral exploration policy, guidelines and standards, an iron ore exploration manual, a geological data management policy, and to support the sustainable development of iron ore mining in Uganda through building the capacity of local Ugandan geology and mining personnel through the transfer of knowledge and expertise from experienced iron ore experts. The quantification of these resources is an important first step in assessing their economic potential and attracting mining investors. This paper presents an overview of the investigation program and the preliminary results as an important first step in attracting mining investors to this exciting new iron ore province.

Sep 18, 2023

By M P. Sandy, V Louchnikov, V Eremenko, M Orunesu, O Watson

"Surface support is a key component of most ground support systems which are applied as a means of reducing the risk of rockfall occurrence and maintaining serviceability of mine development. Surface support has two primary functions: distributing the applied load throughout the system by providing connection between rock bolts retaining smaller rocks that unravel between rock bolts.Confinement is also provided to the rock mass, which may increase its capacity to resist further degradation or loosening.Surface support has been routinely installed in most underground mines around the world for many years, yet the operators are still not always certain which type is best suited for deformable ground conditions. A number of factors need to be taken into consideration prior to selecting the type of surface support liner, such as its capacity, availability, practicality of installation, manual handling and loading conditions (static or dynamic) to ensure the system’s optimal performance in terms of safety and costs.This paper presents an overview of the surface support types currently used in underground mines in Australia. Shotcrete, weld mesh, high-tensile chainlink mesh, reinforced weld mesh and high energy absorption (HEA) mesh are discussed. A detailed description of each system is provided in terms of capacity, energy absorption, installation cycle and costs. The cost of each system has been normalised to the units of energy absorbed. The information presented in this paper can be used by underground operators as a reference guide when deciding on suitable surface support type for deformable ground conditions.CITATION:Louchnikov, V, Sandy, M P, Watson, O, Orunesu, M and Eremenko, V, 2014. An overview of surface rock support for deformable ground conditions, in Proceedings 12th AusIMM Underground Operators’ Conference 2014, pp 57–66 (The Australasian Institute of Mining and Metallurgy: Melbourne)."

Mar 24, 2014

By X Tian, J Forster, A Olmsted, E R. Bobicki, M Goldbaum, D Boucher, C A. Pickles

As the global demand for metal values expands, it becomes increasingly important to create more sustainable mining operations. Consequently, considerable research and technology development is required to produce processes which are both more energy efficient and have a minimal environmental impact. One potential technology is the utilisation of microwave pre-treatment to reduce the energy requirements in comminution. Microwaves can preferentially heat the valuable mineral phases in an ore and the resulting differential thermal expansion leads to the formation of microfractures along the grain boundaries. As a result of the preferential heating, ore competency is reduced, mineral liberation is enhanced, a coarser grind size can be employed, and plant throughput can be increased. Furthermore, microwave pre-treatment can be combined with advanced ore sorting, to decrease the quantity of gangue material processed downstream and hence reduce tailings production. Previous studies on the microwave treatment of ores over the last 30 years have mainly been limited to low power bench-scale studies and there is a paucity of information on pilot and/or commercial scale studies. In the present research, the microwave heating behaviours of over 40 ores have been studied at the bench-scale. These results were used to generate a database, from which a unique classification system was developed. This system was used to rank the amenability of any given ore for microwave pre-treatment. This knowledge can be employed to predict the performance of the ores in the high-power pilot scale tests and thus can be used as a pre-screening tool. The effects of high-power microwave pre-treatment on grindability and liberation were reported. Additionally, the ore sorting potential was evaluated using a combination of X-ray transmission (XRT) and microwave infrared (MW/IR).

Aug 24, 2022

By J R. Robinson

Prior to mine development, exploration drilling within the Luise Caldera on Niolam Island encountered gold mineralisation to the northwest of the main Minifie and Lienetz orebodies. This mineralisation was referred to as the Kapit orebody, and ten diamond drill holes were subsequently completed over the area to investigate its economic potential. Several significant mineralised intercepts were returned. These were interpreted using the orebody model developed for Lihir at that time which invoked a strong horizontal control to mineralisation. Additional consideration was given to the elevated geothermal temperatures encountered, the proximity of the mineralisation to the ocean, and its perceived depth below sea level, resulting in the Kapit area being given a low priority for follow up investigation. As a result, no further work was completed over Kapit until recently. The Kapit orebody was the target of an intense diamond drilling programme during 2002/2003. Data from this latest round of drilling has significantly improved understanding of the mineralisation and associated geology. The significant orebody now delineated at Kapit substantially differs from past interpretations, and the latest data has upgraded its economic potential. A resource estimate and other critical studies completed in 2003 enabled an updated reserve statement to be issued in February 2004 including the Kapit mineralisation for the first time. Total Probable Reserves at Kapit stand at 25.2 million tonnes (Mt) at 5.28 grams of gold per tonne (g Au/t), for a total of 4.3 million ounces (Moz) of contained gold.

Jan 1, 2004

The Australian coal industry has undergone sevenfold growth over the last 30 years and since 1985 has been the world's largest coal exporter. Three quarters of Australia's coal production is exported so its future is dependent on it remaining internationally competitive with other energy sources and other coal exporting countries. Coal is likely to increase its share of the energy market during the nine- ties as oil prices increase, new coal-fired capacity is commissioned and some form of nuclear energy is developed which is of acceptable safety standards to the community for use in the 21st century. Gas may take a part of coal's anticipated market share by the Year 2000. While coal exports will increase from China, Colombia, Indonesia and Venezuela and satisfy some of this additional coal demand Australia will also expand its export production, due to its existing advantages. The United States, Canada, South Africa, Poland and USSR seem unlikely to enjoy the same degrees of expansion and some, particularly Poland and USSR, will decline. Australia will always find it difficult to compete in the more distant markets due to levels of ocean freight, although its high quality coals will tend to partly offset such disadvantage.

Jan 1, 1988