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By Bell MG

At various decision points in the development of a project, a developer, joint venture partner or financial institution may require an independent review of the basic assumptions and technical aspects of the project. This type of review or technical audit is becoming a more common feature of the project development process. This feature has evolved because of the need of investors and lenders to be more confident of the viability of a project by the confirmation of its technical and cost aspects. Technical Audits offset some uncertainties introduced by the combination of longer development periods for, projects and the highly dynamic world economic scene. This paper reviews the place, nature and process of the technical audit by examining the circumstances when it might be needed, the typical scope of work or brief, the responsibilities of and relationship between the auditor and the client, and the auditing procedure. Detailed aspects of technical audits are discussed followed by a case study of the Hail Creek Coal Project Audit.

Jan 1, 1983

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 Goldie R

The use of options theory in business has become well established in recent years and is currently one of the most exciting areas of current finance research. The theory can be used to value levered firms, and streams of contingent payments. This technique also has very practical applications in the areas of capital investment analysis and the valuation of equities in the natural resource industry. The use of options theory has been well accepted and used for many years in the trading of commodity options and futures contracts, in banking and insurance and in other industries. It also can be used to value such diverse contingent claims problems as the income tax liabilities of the firm and share underwriting agreements.Its application to the more complex options, such as those present in the resource industry, is only now becoming known. This lag is, at least partially, due to the difficult mathematics involved in solving complex options problems. Another factor is the almost overwhelming abundance of uncertainties, such as grade, tons and other natural risks, which must be considered in the evaluation mining projects.

Jan 1, 1990

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

E Deposit is located at BHP BillitonÆs Area C iron ore operations in the central region of the Hamersley Province, Western Australia. It is hosted by the Marra Mamba Iron Formation, the lowermost unit of the Archaean to Lower Proterozoic Hamersley Group. Mineralisation at E Deposit East is contained within the Mount Newman Member of the Marra Mamba Iron Formation and extends into the lower West Angela Member of the overlying Wittenoom Formation. Use of a combination of geological and geophysical techniques has enabled the geological setting of the deposit to be qualified. Interpretation of detailed mine face mapping, downhole geophysics, geochemistry, geological logging and photography has identified D2- related thrust faulting, with substantial south-over-north displacement. Similarly, in-pit mapping at the nearby C Deposit has revealed intense localised D2 deformation, including overturning and thrust faulting. The interpreted structure illustrates that iron ore deposits in the central Hamersley Province can be intensely deformed and require detailed geological investigation utilising technical data from mapping and drilling to enable the creation of robust grade-models for the mining operation.

Jan 1, 2007

By Gardner CE

Uranium occurrences and the probable Australian reserves are discussed and the recovery and processing methods used in treatment plants at Radium Hill and Port Pirie, S.A., Rum Jungle and Moline, N.T., and Mary Kathleen, Qid. are reviewed. The broad aspects of the application of nuclear power in Australia are then considered, and those factors of greatest significance are highlighted. It is these factors that are most likely to dictate the future role of nuclear generation in Australia. In commenting on private industry applications, the paper emphasises that each case must be considered on its own merits, and a warning is given that general statements can be misleading. In the long-term situation nuclear power is considered to be capable of playing a leading role and the discussion covers desalination and high load industries although short term applications appear difficult to justify. In non-power applications for nuclear energy reference is made to isotopes and the uses of nuclear devices in mining and civil engineering with a pertinent comment on safety.

Jan 1, 1970

By A Ruotsalainen

Mining industry sees a comprehensive future in optimisation and process control. High resource utilisation is a starting platform when lower operational costs with higher rate of return are the target. Simulation is quickly penetrating the mining industry as a planning tool. A discrete event simulation helps to visualise the reality of a mine and the various mining processes, which typically include a fair degree of complexity. What-if scenarios can help to determine the impact of occurring changes to production. Understanding of critical points in the layout and resource allocation at an early stage can help to optimise the material flow. The obtained information may then be used as proposal or confirmation of the system applicability and economy. Simulation is a way to fine-tune and optimise the resources within. It helps to predict system sensitivity to various aspects. Although simulation today is used typically in a feasibility stage, there is an opportunity to continue using simulation for further process enhancement. In the future simulation will without doubt be used increasingly as a dynamic simulation and continuous improvement tool. This paper discusses the use of OptimineÖ simulation tool in resource optimisation. Some examples describe the way the tool operates and how it helps to view the technology, mine layout and operational data.

Jan 1, 2003

By Reynolds JO

This contribution by. The Australasian Institute of Mining and Metallurgy has three main thrusts. First, an Institute (and industry) view on academia and the need for more entrepreneurship at top academic levels, second the need to lift our technological game, and third, professionalism and the perceived role of mineral industry education. While I will deal with each of these separately they are of course inter- related and can be brought together under the frequently used, but insufficiently practised title, "communications". First then, The Institute and industry view of academia. There are some academics in the audience and I imagine they may wish to reply to my remarks with an academic view of industry. That is not unreasonable. Like all human institutions, academic institutions vary in quality and characteristics. Some are successful and some less so. Some historically are well renowned. Others that were once successful schools have declined. Lesser known schools have grown into prominence. What is it that sets apart 'good' highly regarded schools from those that are not so well regarded? It comes down to one main ingredient - "leadership". The strong mining schools in the past 100 years have been strong because they have had outstanding and clearly identified leaders. Strong clearly identified leadership has always had rapport with, and the support of the industry. The two go hand- in-hand, each nourishing and supporting the Other.

Jan 1, 1986

By R G. Alford

Braeside Borefield, located 120 km southwest of Mackay, is owned by BHP Mitsui Coal Pty Ltd (BHP Mitsui). The borefield provides water to BHP MitsuiÆs South Walker Creek and Riverside Coal Mines and communities in the northern portion of the Bowen Basin. Braeside Borefield has also provided water for other users in the region, including the Peak Downs, Goonyella and Saraji Coal Mines owned by BHP Billiton Mitsubishi Alliance (BMA). Water is sourced from alluvial sediments at the confluence of Nebo and Denison Creeks, and transferred a distance of almost 100 km to Riverside Mine and other users. Since commissioning in 1983, monitoring and maintenance programs have been key elements in borefield management. The impact of pumping on groundwater resources is monitored at the borefield, upstream and downstream over a distance of about 50 km. Current annual pumping is of the order of 4000 ML, and in excess of 50 000 ML has been pumped since the commencement of borefield operations. Detailed reviews of borefield performance are conducted every two years. BHP Mitsui actively participates in community consultation on groundwater issues arising from operation of the borefield. Declining groundwater levels from prolonged drought conditions have increased community interest in management of the borefield. Rehabilitation of existing production bores and augmentation of the borefield is currently being investigated to more evenly distribute pumping rather than to increase overall capacity.

Jan 1, 2003

By P Elliott, D Pershke

In a minerals processing context, sustainability is about using natural resources more efficiently to achieve maximum economic benefits with minimal environmental impacts. It embodies five overarching themes, which the paper will illustrate with practical examples from Australian minerals processing plants. These are:resource utilisation and materials efficiency,process waste reduction and enhancement of co-product values,reduction of water use and impacts,reduction of energy requirements and greenhouse gas emissions, andenhanced control of minor elements and toxic materials. Sustainability could be embedded profitably in minerals plant design in three dimensions: 1.technology,2.design, and3.operations. This presentation discusses a set of principles that could be applied to minerals processing technologies and provides an outline of sustainability assessment and opportunities evaluation tools. The application of the tools is illustrated through a case study by analysing a suite of nickel processing technology routes. The analysis reveals that current generation of nickel processing technologies do possess real potential to emerge as sustainability champions in integrated processing of nickel ores and concentrates, if they are designed, engineered, and operated for sustainability and adapted effectively to site specific constraints and opportunities. The paper will address data gaps and uncertainties regarding the impact of scaling up of pilot-plant performance, and provides strategies to overcome them.

Jan 1, 2006

By M P. Schwarz

This paper describes modelling studies of the flotation cells used by BHP Billiton Nickel West Ltd in the slimes circuit at Mt Keith. The aim is to achieve a better understanding of the hydrodynamic limitations in the existing cells to improve nickel recovery. Computational fluid dynamics (CFD) simulations have been performed on the 100 m3 mechanically-stirred cells. The data produced by the simulations include velocity vectors, gas holdup distribution, solids distribution, bubble size, superficial gas velocity and turbulent parameters. These results have been checked and found to match hydrodynamic measurements at the plant. An analysis of the data found that one of the limitations in fine particle recovery was related to the air bubbles discharged with the tailing. The air in the discharge was caused by the high viscosity of the pulp. In the presence of fine particles, the pulp exhibits high viscosity with a yield stress. The increased drag due to high viscosity caused the bubbles to rise more slowly up the cell. This results in a significant hold-up of bubbles, some of which report to the tailing with associated loss of valuable minerals. A parametric CFD study of the operating variables shows that less air would be discharged in the tailing by decreasing the following: air flow rate,pulp density,stirring speed, andfrother addition. Simulation results indicate that these changes would cause a lowering of the air hold up in the cell especially near the discharge area. Predictions of the bubble-particle attachment rates under various operating conditions have also been calculated. Although it is possible to increase attachment rates by increasing stirring speed or by increasing pulp density, the amount of air discharged and the amount of nickel loss through the tailing will also increase. The project showed that CFD modelling is a powerful tool for studying hydrodynamic effects of bubble-particle interactions in flotation cells.

Jan 1, 2008

Thank you for that introduction and especially thank you to the organisers for inviting me. I've had a considerable interest in this area and I've had the advantage of an education from Neil on the subject of offering documents as a result of our collaboration together on the Securities Information Review Committee.

Jan 1, 1989

By U E. Sibilski

A pilot plant evaluation of the Savmin process, for the purification of mine water was commissioned by Anglogold and conducted at the Stilfontein Gold Mine, Margaret Shaft at Stilfontein in the North West province of South Africa. The purpose of the project was to obtain the operating conditions and operating costs, to produce different qualities of product water, as well as design parameters for upscaling to an industrial plant. The project was undertaken by AngloGold and Mintek of South Africa.

Jan 1, 2003

By P Gy

When it comes to sampling theory, a bad sampler is a bad sampler, no matter what, and a sampler is either bad or good. It also is of critical economic importance to tell and understand the difference, especially in a metallurgical plant. In this paper, the grand principles of Sampling Theory are first recalled, then the most popular types of sample cutters for plants are critically reviewed. It is concluded that the industry has a lot of progress to make in that direction, although improvements usually pay for themselves very quickly.

Jan 1, 2002

As previously advised, two of the raw materials for Wilsons Portland Cement are cement rock and limestone, both of which are quarried by the company. We now wish to give you a brief outline of these operations. The major material, cement rock, is obtained for our Portland Quarry at Tikorangi Hill, which is one mile west of the Works and a familiar landmark to travellers on state Highway 1. The geological structure of this deposit is involved, having intensive and irregular earth movements interpreted as large scale slumps where older rocks overlay younger rocks - numerous folds, faults and overthrusts are clearly visible.

Jan 1, 1978

I trust you know now or will know by the time you havecompleted your degree and added a little on-the-job experience,how to make the product from the mine you are working for. Butyou may not know the process to turn it into dollars, which ofcourse will be the life blood of your company. I am not going topromise to turn you into super salesmen, but I hope I can takeyou beyond the level of believing that selling our mineralproducts is as simple as putting in it on to a train, waving itgoodbye and waiting for the cheque to turn up in the mailbox afew weeks later.

Jan 1, 1994

The discovery of magmatic nickel sulfide mineralisation within the Musgrave Block of Central Australia, in a region which has received virtually no exploration since the early 1970s, promoted a pegging rush throughout the region and provided a significant boost to the investor interest in resources sector companies. The discovery proved a significant success for the application of generic models for major magmatic nickel-copper sulfide deposits. The entry of junior explorers to the region is the principal mechanism by which the region will be explored, although significant social and physical challenges will impact on the ability of explorers to maintain investor confidence in the region.

Jan 1, 2002

By West R

Since its introduction in 1989, the Australasian Joint Ore Reserves Code (the JORC Code or the Code) has been one of the success stories of the informational interface between the mining industry and investors. This is due variously to the user-friendly nature of the Code itself, to its practical approach to this complex subject, and to the way in which its requirements have been implemented in practice. Recognition of its utility and effectiveness has influenced a significant number of mining countries to re-assess their reporting standards with the positive outcome being that for the first time, a set of standard international definitions for reporting of mineral resources and reserves is a realistic possibility.

Jan 1, 1996

The sucessful use of sewage sludge in land rehabilitation has been established and there is an abundance of overseas information on sludge reuse. Unfortunately Australia is behind Europe and North America in establishing sludge reuse policies and regulations. In Victoria the EPA has no publicised regulations and no communicated policy for sludge reuse. In the absence of sound regulations the onus is firmly on the operators of sewage treatment works to ensure land application of sludge is safe for the environment.

Jan 1, 1992

By R A. Bearman

Recent demand pressures for iron ore should not distract from the longer term view that intense competition in the industry has demanded technological innovation of a high order. There is a long track record of successful innovation underpinned by a solid base of scientific research and knowledge. By comment on recent developments in trucks, comminution and direct smelting, this paper suggests that innovation is still a key attribute of the industry. The spending of the minerals industry on underlying science, however, is not particularly high. By looking at other industries we can ascertain that for step change technologies, it is particularly advantageous to have a solid base of science and technology underpinning developments.

Jan 1, 2005