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Mining is claimed to be unique among industries owing to its dependence on exploration for its existence, the need to operate in remote, inhospitable areas, the vast capital sums required for development, the need to pay royalties regardless of profitabil- ity, the wide swings in prices for many of its products, the finite life of each-mineral deposit, its susceptibility to criticism by environmentalists, its dependence on export markets and sensitivity to' cost and exchange rate fluctuations, the uncertainties inherent in most mining legislation, pressures to grant mineral rights to aboriginal communities and the burden of having to finance its own infrastructure. The special problems of the industry have been recognised in the income tax laws which, generally speaking, allow for the deduction of all capital expenditure before tax is payable. Notable exceptions to this rule are the absence of special deductions for mineral processing facilities and the absence of any deductions for a large part of the expenditure on ports and port towns. The scope and extent of infrastructure expenditure is discussed. The consequences of the burden imposed on the industry include tax inequity, higher capital and operating costs, "high grading" and

Jan 1, 1974

Discounted cash flow (DCF) methods are well suited and recommended as a primary valuation method for mineral assets for which there are at least indicated resources and some form of feasibility study containing engineering, production and capital and operating cost data. DCF methods are also applicable as a secondary or check valuation method for exploration properties for which no technical study has been prepared. For projects where little or no engineering, production and/or cost data is available, the process of formulating a project concept by specialists who do not possess experience and expertise in the relevant technical faculties is totally rejected as a basis for applying DCF techniques as a primary valuation method. Such an approach runs counter to The Australasian Institute of Mining and Metallurgy (AusIMM) requirement to apply relevant expertise to specific aspects of mineral valuation. Technical and commercial inputs to mineral valuation should be reviewed by specialists who have specific expertise in the relevant disciplines, and should be tempered by the quantity and quality of technical evaluation which has been undertaken and the development status of the asset.

Jan 1, 1994

Material sampling theory is well established in mineral process monitoring, improvement and control. It has been much enhanced by fundamental contributions due to Gy. When GyÆs sampling theory is applied to sampling inspection and monitoring, it provides estimates of average quality or extent of contamination. It also provides estimates of uncertainty, but these often ignore uncertainty in estimated variograms or other measures of variability. Risk assessment is often an implied task in sampling inspection and quality monitoring. A valid technique of risk assessment needs to take into account the uncertainty in the variational measures themselves. Standard statistical tolerance limit calculations which do take such uncertainty into account can be adapted to develop a technique for handling uncertainty in variational measures such as the variogram. Data from a published example is used to illustrate the technique.

Jan 1, 2005

By Woodcock JT

Successful chemical control of flotation requires practical solutions to many problems. A brief discussion is first given of those para- meters which can be controlled and those which it would be desirable to control. Suitable analytical methods for application to flowing pulp and to clear solution from pulp are out- lined in relation to on-line and off-line control. Practical problems of deciding where a measurement is to be made or a sample is to be taken and how the sample is to be prepared and presented to the measuring device are then considered. Equipment calibration and maintenance are considered in relation to the above factors.

Jan 1, 1978

By Lynn DR, Wadley GB

The Australian gold industry has made large steps forward in the last few years. This progress has been driven by improvements in mining and processing technology, the high price of gold and by a favourable legislative, political and taxation environment. This paper concentrates on improvements in gold project development, process engineering and technology as seen by BHP Engineering, Perth, Australia.The paper describes technical aspects of successful gold project development including metallurgical testwork, feasibility studies, choice of process flowsheet (gravity, heap leach, carbon in pulp (CIP), carbon in leach (CIL) or other routes). It sets out our views on plant design, plant construction, procurement and project management.A case study for a small plant recently completed in the Philippines is presented as a solution to the problems often encountered in treating quartz vein gold deposits.

Jan 1, 1990

The Koongarra uranium deposit was discovered in August 1970 by Noranda Australia Limited. Denison Mines Limited acquired the rights of ownership in October 1980 and has continued the 'struggle' to bring the proposed mine, containing approximately 13 300 tonnes of U308 of Indicated ore and having a value of $1 billion (1984 dollars), into operation. During the 14 years that have passed, the owners have found it necessary to deal with numerous Federal, State and Territory government departments, aboriginal representatives, handle thousands of communications, attend and convene countless meetings and spend millions of dollars. This paper addresses the history, the requirements, the problems and the costs to date for what - no return.

Jan 1, 1984

The introduction of on-stream analysis in flotation circuits has raised the possibility of automatic control of flotation performance by digital computers. The development of control strategies for an industrial zinc cir- cuit is discussed with reference to identifi- cation of the major disturbances, investigation into the performance of the circuit, the design of the control algorithms, the testing of their performance and their implementation in a production environment.

Jan 1, 1983

The geotechnical and environmental aspects of heap leaching are very closely tied during design, operations and closure. Potential environmental impacts from heap leaching are mostly due to land disturbance and water quality issues, including both groundwater and surface water. Water quality issues are mostly related to containment design, which is primarily a function of proper sizing of the facilities and site specific liner design. Geotechnical analyses is the dominant discipline in providing cost efficient, operationally effective and environmentally sound heap leach facility designs. Much has been published on geotechnical aspects of heap leach design, for example Van Zyl, Hutchison and Kiel (1988) and Van Zyl (1987). This paper will emphasize a few specific aspects related to the geotechnical and environmental consideration for heap leach projects. These aspects are: ò site investigation; ò containment design; ò slope stability; ò heap flow dynamics; and ò closure design. Design of a heap leach project must consider not only the operating life but also closure and post-closure considerations. As a matter of standard practice, designing for closure is an extremely important concept. Not only is it important for environmental aspects, but experience also shows that projects designed for closure will be overall more economical for the total life cycle of the project. Closure considerations are also important during project feasibility evaluations to ensure that total life cycle costs are evaluated.

Jan 1, 1994

The Southern Mines Rescue Station (S.M.R.S.) has been established for 55 years and in the past 15 years has had only 4 major call-outs. Whilst the mines rescue training program has continued to expand, the Station has become involved in other work which includes mine worker training and limited research. Notwithstanding, the prime role of the Mines Rescue Station has not been overlooked and the Station has only advanced with the many changes that have occurred in the coal industry. The Rescue Station activities are financed by contributions from Colliery proprietors and the aim of the S.M.R.S. Committee is to provide a service in which colliery management and mine workers will have a high degree of confidence.

Jan 1, 1981

By A D. Ferreira, A E. C, A D. Padovezi

The increasing market requirements regarding the quality of products, the enhanced predictability from detailed mine planning, the need for process consolidation and upgrading require continuous investigation on the characteristics of different ore types to be concentrated. This paper addresses the mineralogical and technological characterisation of several itabirite iron ore types and the influence of the composition and mineralogical associations on desliming and flotation. Pellet feed quality and the influence on the major performance indicators, such as weight recovery of slimes, selectivity index, metallurgical recovery, flotation kinetics of iron minerals and gangue is also emphasised. The investigation resulted in a classification of iron ores according to their mineralogical composition, morphology of the crystals, and/or texture and microstructure of mineral particles with respect to desliming and flotation performances.

Jan 1, 2005

By Hall C. E, Chrisholm J. M

Resource calculations for shear hosted deposits of any type are difficult regardless of which calculation technique is used. One of the main problems is the determination of the geometry of the mineralisation. Once this has been elucidated then the appropriate resource calculation methodology can be employed with a search distance and orientation that is relevant.

Jan 1, 1993

The impulsive loading tests under confining pressure were performed to investigate the dynamic fracture properties of rocks in a triaxial stress state. The apparatus in this study consists of the Split Hopkinson pressure bar, a pressure vessel and hydraulic actuator. Magnetite-quartzite and limestone were selected for the test. The stress-strain curves and fracture strength under confining pressure obtaind in the tests were compared with those of the conventional triaxial tests. Finally it is concluded that on the effect of dynamic that on the effect of dynamic compressive strength of rock, dynamic elastic coefficient of rock and confining pressure etc. on the blasting result

Jan 1, 1990

By Gelding P. W, van Herk H

The Cattlegrid copper orebody is a concealed thin, tabular sheet localised near an unconformity between two sub- horizontal Precambrian sandstone units. It extends over an area of 1,000 m by 500 m within a wider area of mineral- isation. The ore consists of complex sulphides and is neither massive nor disseminated. It consists mainly of irregular fillings in pore space developed between clasts in sandstone breccias, in fault zones and joints and along stratification planes. Its habit is unique amongst Australian base metal ore bodies. During the pre-development period ore was outlined by percussion holes but in studies leading to investment decisions ore reserves were manually calculated from intercepts and assay results of cores from diamond drill holes. The methods used for estimating reserves in the pre-production and production periods are described and evaluated by comparing mine production during the first five ore production years with the forecasts made.

Jan 1, 1979

The Newmont Waihi Operations mill has undergone significant growth over its life. Initially designed as a single SAG mill operation, the circuit has been progressively upgraded since 1988 from a nameplate capacity of 600 000 tonnes per annum to the current rate of 1.3 million tonnes per annum. With future mining potential there is renewed interest to increase the processing rate even further. Over the next twelve months five sustaining capital projects will be undertaken and two major eco-efficiency projects will be completed. With the exception of the large grinding mills, most equipment on a gold treatment plant is replaced after 10-15 years. Waihi Gold mine has been operating for 14 years and has just recently received approval to replace equipment in five main areas; carbon elution, carbon regeneration, scats crushing, intertank screens and variable speed drives. Each project has been justified on improved process efficiencies and operating/maintenance cost savings. The two eco-efficiency projects involve a water balance model and a cyanide optimisation project, both of which are Corporate key performance indicators (KPI).

Jan 1, 2002

By Grace NC, Lightfoot BW

Small scale trials of the smelting of a copper concentrate in the Sirosmelt submerged lance reactor are described. Pellets of concentrate were dropped into the reactor while injecting air-rich mixtures of oil and air through a lance into a bath of matte overlain by slag. This produced a discardable slag and a matte which was converted in sequential stages in the same reactor to white metal and blister copper. Difficulties were encountered in determining the end points of the converting stages but control techniques were developed to allow successful operations producing blister copper. Deportments of minor constituents of the concentrate to slag, matte,metal and fume for the three stages are reported and possible applications are Discussed.

Jan 1, 1980

By Wilson GR

Pellets were produced from carefully sized iron ore and silica sand fractions, under controlled moisture conditions, using a sealed balling drum. The strength of these pellets was measured as a function of moisture content and particle size. The results showed that the strength of the pellets could be adequately described by a model which equates the strength of the pellets with the negative pressure developed within the porous mass, provided that the particle size distribution was narrow and the mean particle size relatively large. However this model failed to account for the observed strengths of pellets produced from systems containing even small quantities of ultrafine particles (

Jan 1, 1972

By M Warren

The professional geologist or engineer on a mining operation has a particular view of their operation. This is based on the factors of the operation that have a direct impact on the daily work program of the professional, such as production rates and grades. The view that would be taken by a financier who is called upon to support the project may be somewhat different. The value of the operation to the financier is in its ability to generate surplus cash for its owners and thus repay the debts to the financiers, with as low risks profile as possible. A number of tools are used to test the sensitivity of the project to variations in the key cost/revenue drivers. The Financier may call on a team of technical specialists to assist with the assessment of the cash flow and risk profile and to monitor the development of the project. The ability to offset this risk, as all projects have some degree of risk, may be a key factor in determining the level of financial support to be offered.

Jan 1, 2002

By White B

The domestic and commercial use of underground space dates back to Neanderthal man living in caves. There are many examples worldwide of the imaginative use of underground excavations, either left by mining or purpose-built. World living trends indicate that an increasing percentage of the population is living in and around major cities. Environmental, social and economic pressures associated with urban expansion can be partially catered for by a well-planned and integrated underground space regime. This paper addresses the types of underground development that are complementary to the economic and environmental pressures associated with urban expansion and high density cities. The paper explores the implications of mining and exploration technology and civil engineering, as well as the ancillary professional disciplines (legal, architecture and planning, sociology and education).

Jan 1, 1997

This paper outlines some of the recent developments in Spiral Concentrator design, with particular reference to the range of Reichert spirals supplied by Mineral Deposits Limited, typical applications, and test or operating data, are also provided for the different series of spirals now available.

Jan 1, 1978

Just as Australia is part of the Pacific Rim, so the Pacific Rim should be viewed as part of the whole world. That applies in particular to that scarce commodity û money. There are five main factors of production in any mining development û mineralisation, materials, manpower, management and money. LetÆs focus on the upstream input û mineralisation, and the downstream input û money, especially in the area of communications. Unknown to many, the Competent Person reporting on Mineral Resources and Mineral Reserves has a direct and unavoidable impact on the companyÆs financial statements û the profit and loss account and balance sheet. With respect to reporting of the major asset of most mining companies û the resources/reserves û investors are getting a better deal now than at any time in memory as regards flow and adequacy of information. Australia has been a world leader in this regard. The outlook is for even more informative and useful reporting. The more rigorous reporting requirements for Exploration Results and Mineral Resources/Reserves, which have become a worldwide phenomenon over the last five years, will continue. This will be positive for the mining industry as a whole and for Australia in particular. However competition for the scarce investment dollar will also increase. Put simply, mining has many competitors, unconnected with mining, for the capture of the investment dollar. It behoves all participants to recognise that there are three investment factors which influence strongly the willingness of investors to put money into mining. These are Confidence, Credibility and Consistency. AustraliaÆs investment image stands high in these three respects, but the competition will continue to grow. AustraliaÆs lead must be maintained. However, some investment decisions should not necessarily be based on fundamental, quantifiable facors. Some of these are outlined.

Jan 1, 2004