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By Thomas R

The successful `marriage' between a company seeking to raise funds to develop a project and their financiers calls for a strong mutual understanding of each other's needs. For a company attempting to raise funding, the alternative methods are ever expanding. The optimum method will vary depending on the financial position, risk/reward outlook of the company and the strength of the project for which development capital is being sought. It is likely that small mining companies will need to raise equity funds for advancing projects to the development stage. At that time, they will probably still require a reasonable level of shareholder equity to meet the requirements of banks and other parties to cover potential cost over-runs on the project and feasibility costs. Larger companies, however, are likely to find it much easier and cheaper to raise debt from banks. When evaluating companies and projects for funding, banks will pay particular attention to the quality and experience of management in developing similar projects and it may be necessary for some companies to retain the services of outside consultants. Before a project needs funding, companies should meet with potential financiers to develop relationships to select and ensure a smooth transaction to funding in the future.

Jan 1, 1997

At moderate depths this question is of relatively small importance, but at depths over 2,000 feet it becomes a matter of some consequence. The rate of increase of temperature with the depth varies in different localities, but as a rough average we may take it to be about 1° Fahr. for every 50 feet of depth. The variation of temperature of the earth's surface from summer to winter penetrates to a comparatively shallow depth. At 50 feet the variation becomes practically insensible, and the temperature of the strata will be about the mean temperature at the given locality, from 60° to 75° F. in this country or the comfort of men working in the mines it is desirable to maintain a temperature of about 70° F. in the workings, or approximately the temperature of the strata near the surface.In order to obtain some idea of the magnitude of the undertaking involved in cooling a mine, I have examined the effect of placing in a long drive an apparatus by means of which we can abstract heat at a uniform rate from the drive, keeping, thetemperature nearly the same at all points of the drive at any given time.The lowering of temperature 70 F. at any distance feet from the centre of the drive (treated as a cylinder of the same sectional area as the actual drive), after an interval of time days from the commencement of the operation is given by the formula...

Jan 1, 1907

The applicability of Bieniawski and Hoek-Brown empirical strength criteria has been assessed for different groups of coal and various types of intact rocks by using a vast number of published triaxial test data from various places. Analysis of individual data sets revealed that the traditional forms of the criteria do not have a perfect agreement with the data. A strong negative correlation has been observed between B in Bieniawski's criterion and m in Hoek and Brown's criterion with uniaxial compressive strength of materials. Both criteria have been modified and empirical relationships have been introduced for coal as follows:m = 62.903 - 34.213 (log pc) 0.9772B = 10.152 - 4.709 (log pc )0.8889Similar relationships have been developed for different rock types as well.A comparison between the applicability of each of the above approaches with the conventional criteria reveals a very significant advantage for new approaches and a supremacy for the Bieniawski criterion in all cases particularly in the case of coal.The modified Bieniawski criterion fits coal as well as different types of rocks with excellent accuracy.The modified Hoek-Brown criterion gives a good result for rocks but does not fit coal data quite well. In other words, Hoek-Brown criterion is not an suitable one for coal.

Jan 1, 1998

There are significant Mineral Resource and Reserve reporting challenges facing a mining company operating in the global arena. This paper specifically examines the Mineral Resource and Reserve reporting challenge facing BHP Billiton. The changing regulatory environment creates a significant challenge for global mining companies when reporting Mineral Resources and Reserves. The development and implementation of internal policies and standards for collecting and collating resource and reserve information is required for corporate governance, however the challenge is then to report this information publicly in such a way as to comply with the various codes and requirements in the many jurisdictions in which the company is required to report. The move to an International Code is not only desirable but is an essential requirement in todayÆs global market. The agreement to report using a single code internationally is however only the first step. A truly practical international reporting system must have common definitions and guidelines for interpretation as well as an international approach to the definition of a Competent Person, and even more importantly a common acceptance of that code by the relevant investment regulatory bodies. Without the universal acceptance of the concept of an international reporting code by the major regulatory bodies, implementation of such a code will be limited. With the major global mining companies seeking to raise capital in the USA, the worldÆs largest capital market, the Securities and Exchange Commission (SEC) and its approach to reserve reporting is becoming increasingly important. The development and implementation of an International Code must gain the support and acceptance of the SEC if it is to be successful.

Jan 1, 2002

By E Ahern

In exchange for issuing minerals rights from the Crown Mineral Estate to explorers and miners, the Crown expects a æfair returnÆ on this investment, ultimately for the benefit of all New Zealanders. In the case of mining permits, this return is in the form of a tangible asset û royalties from mining activities. But for exploration activity, the return sought by the Crown is an intangible asset û information. The information obtained serves three purposes û in helping Crown Minerals to set work programme conditions during permit allocation, for monitoring the performance of permit holders in accordance with permit conditions, and for archiving and making available for future interested explorers and other parties. Difficulties can arise during the allocation and monitoring process when either party has more information than the other that is not shared. To date not enough emphasis has been placed on the intrinsic value and content of the information generated by explorers and the importance this information can have in the exploration process leading to new mineral discoveries. For attracting exploration investment, the quality and availability of such information, combined with other geoscientific data, is a fundamental determinant for potential explorers when choosing to explore in a global market, and strongly defines the mineral prospectivity for a country. This is something the Australian States and other jurisdictions seeking mineral investment learnt long ago, and who now provide substantial amounts of cheaply or freely available packaged geoscientific datasets, increasingly over the Internet. To have a vibrant mineral exploration industry so that the benefits from the mineral estate can be realised for all New Zealanders, a shift in emphasis to the value of its mineral information base itself is required. Such an approach is befitting of a true Knowledge Economy, and would enable the Crown to make better-informed decisions regarding utilisation of its natural resources.

Jan 1, 2002

A novel solvent extraction process, called the SOHNEX process, has been developed at the University of Utah. In this process, the organic and the aqueous phases flow countercurrently in a horizontal vessel, and the emulsion between the two liquid phases is generated by high-velocity gas jets injected at the bottom. The gas jets are located at certain intervals along the bottom of the vessel with phase disengagement zones on either side of the plume zone created by the gas jet. The system is simple, having no mechanical moving parts or complex internal structures, and yet provides good contact between the phases with minimal backmixing. Tests have shown that emulsions with a wide range of specific interfacial area, including that typically encountered in mixer-settlers, can be generated in this process. It has significant built-in flexibility of operation including the control of the flowrate and hold-up of each liquid phase. The SOHNEX process overcomes the difficulties in the operation of conventional solvent extraction equipment such as mixer-settlers and column extractors. A major advantage of the SOHNEX process is that the energy of mixing can be closely controlled by adjusting the strength of the gas jet. This allows an optimal control of the drop-size distribution of the dispersed phase and thus the specific interfacial area. The process is continuous, and any number of extraction and separation stages may be built into a single vessel. The gas can be recirculated in a closed loop, thus eliminating solvent loss and mist problems, especially for high-temperature operations. The SOHNEX problem can handle solutions that contain suspended solids and that form third phases. The simplicity of the equipment and operation with low maintenance will mean much reduced capital and operating costs as well as low environmental risks and improved safety. The SOHNEX process has been tested for continuous copper extraction from a dilute solution. Calculations also showed that uranium and other radioactive elements can readily be extracted in a small unit of the SOHNEX extractor while satisfying the nuclear criticality condition.

Jan 1, 2000

Mineral exploration conducted over a wide area of the State during the period 1960 to 1973 has resulted in the discovery of a number of significant deposits. Base metals, particularly copper, have been of prime interest while, more recently, the search for uranium and coal have assumed import- ance. Expenditure of $27.6 million by companies during the period under re- view has located 580,000 tonnes of cop- per, 370,000 tonnes of zinc, 350,000 tonnes of lead, 24 million Kg of uran- ium oxide and 2,500 million tonnes of coal. A variety of other metals and non metallic and industrial minerals have been investigated in a diversity of geological environments.

Jan 1, 1975

Within the Business Process Improvement Program initiated at Placer Dome during 2003 was the Business Performance Management Project (BPM).BPMÆ s aim has been to extract productivity improvements from individual business units by providing a model for implementing leading practice based management process within the Placer Dome Group, sharing management best practice, injecting new management techniques and instilling a continuous improvement culture. The installation of an underground dispatch system has been a key component of the BPM project at Osborne Mine.Information capture and analysis allows for corrective action to be planned and executed before there is a material impact on the performance of a business unit. This paper briefly describes the principles and practices of effective business performance management, the four processes of a management operating system namely; strategic and tactical planning, implementation and reporting. The identification of business drivers, their measures and associated key performance indicators is discussed. The benefits of an underground dispatch system at Osborne with respect to safety, production and maintenance is described along with the installation process within the mining department that included its configuration, resourcing and roll out.

Jan 1, 2005

By Gillies A. D S, Lee A. H

The major operational objectives of a mine water resource management system (WRMS) are to supply the water needs of the mine and mill, to minimise disturbance to mining due to rainfall flooding or seepage and to dispose of excess water. Historically, company management have placed a significantly lower emphasis on managing the WRMS as compared to managing production. Changing Government legislation concerned with the disposal of water from mine sites is, in many cases making mining companies look more closely at how they manage their water. For example, within the next few years it is likely that prior to mining approval by the Government, mining operations will have to submit water management plans/budgets and contingency strategies in addition to operational plans. While the formulation of a comprehensive water management plan/budget is an additional cost to the company at the mine establishment stage, such plans can be beneficial to the operation in the longer term.The two keys for the efficient design, operation and development of a WRMS are the establishment of written goals which have managerial priority and secondly, access to appropriate good quality data. Managerial priority towards the WRMS will increase as a consequence of the education of mine operators in the benefits to the operation of good WRMS management or less desirably as a requirement to meet Government legislation. The collection of appropriate WRMS data is a more complex issue and to obtain information efficiently and cost effectively relies on the clear definition of the data application.

Jan 1, 1992

THIS instrument, depends on the principle that, over a short period, the surfaee of a porous substance from which a liquid is evaporating receives the same amount of heat by conduction, convection, and radiation as it loses in the latent heat of the evaporating liquid. If, then, the amount of heat being received by a surface can be measured, the rate of evaporation can also be obtained. The Kata thermometer is also based on this principle differently applied.The instrument, as shown in Fig. 1, consists essentially of a thermometer with a sliding which is divided by three pointers into two equal parts which may be spaced so as to cover a distance of, for example, 5° of the thermometer scale. The instrument is calibrated so that the amount of heat required per unit area of the bulb to raise the menissus is known. The method of using the instrument is as follows:The slide is first set so that thc central pointer is at the temperature of the evaporating surface.The thermometer is cooled by any convenient means so that the meniscus is several below the lowest pointer. The thermometer is then placed near the evaporating surface, when the Ineniscus begins to rise and the time taken for it to rise from the lowest to the top pointer is measured. From this and the calibration results the amount of heat retained per unit area of the bulb at the mean temperature...

Jan 1, 1928

The Burra Burra Aline is in complexly folded Torrensian dolomites and limestones forming the faulted axial region of a major anti cling. The orebody mined was largely of secondary origin and confined between two faults, Kingston's on the west and Tinline's on the east. The orebody occurred at the junction between cherty dolomites and a clastic limestone with a large mass of marble breccia along its western margin. Secondary ore consisted of carbonates and oxides in the breccia and the ore bed and detrital copper minerals deposited. As part of a clastic breccia in sink holes and solution cavities in the dolpthites and ore beds.Primary sulphides occur disseminated in the marble breccia and in stratiform habit in the ore bed. Kingston's so-called 'Lode' may be mineralised marble breccia.The marble breccia appears to be of diapric or sedimentary origin and there is evidence to support a sedimentary origin for some 'of the copper sulphides. No igneous rocks have been discovered within 20 miles of the mine and any hydrothermal activities were probably at comparatively low temperature. The possibility of extensive stratiform and disseminated copper sulphide mineralisation in the marble breccia and ore bed requires testing by further drilling and geophysicalsurveys.

Jan 1, 1963

Mine site restoration, involving the re-establishment of original ecosystems, is a far greater challenge than revegetation, which simply aims to stabilise the site and to give it a green appearance. One of the challenges is to establish a simple yet effective measure of restoration success. A potentially useful approach is to focus on particular groups of plants or animals which are likely to provide a general indication of the state of the ecosystem in which they occur. Ants have been used extensively by the mining industry in this context, particularly in northern Australia. Ants are likely to be useful bioindicators because of their general importance in the Australian environment, and because of the many linkages they have with other parts of the ecosystem. Moreover, ant community structure responds to stress and disturbance in predictable ways, and therefore provides an interpretable measure of ecosystem change. This is illustrated by a study of ant recolonisation at Ranger uranium mine. However, the extent to which ants reflect the responses of other ecosystem components is poorly documented. This is currently the subject of a collaborative project between OSS and CSIRO.

Jan 1, 1994

By Chapman RL

A new process has been developed to remove the impurities copper, cadmium, cobalt and nickel from a zinc plant electrolyte by cementation on zinc dust. The process has been tested in the laboratory and in a continuously operated pilot plant. It has been found that cadmium, in the presence of small amounts of antimony in solution, assists the removal of cobalt. Cementation is conducted in two stages: the first stage for removal of copper with a small excess of zinc dust to produce a relatively high grade product, the second stage for removal of cadmium, cobalt and nickel by addition of zinc dust in the presence of anti- mony. The excess zinc and the cadmium present in the second stage cementate can be selective- ly recovered by slow leaching in spent electrolyte. Zinc dust processes in use elsewhere are described and compared with the present system for use in the Risdon circuit.

Jan 1, 1984

The able address on the currency question given by the Right Honorable A. J. Balfour, M.P., late leader of the Government, at the Mansion House lately, before a large and influential audience, will strike a key-note that will resound throughout the world. It is high time that gentlemen of position and influence should come forward and express their views on this subject, so as to cause the matter to be,more seriously considered than it has been. The question can be no longer ignored or treated with indifference by bankers, financiers, merchants, miners, and others interested in the settlment on some basis the relative values gold and silver bear to each other. It is gratifying to not that such a great leader of political opinion as Mr. Balfour has given serious attention to this important question.The address created a deep impression ,on the minds of many who probably had not given the matter much att.ention, and Mr. Balfour's words will re-echo over a wide range of thought with such effect that I have no doubt they will materially help to check the downward tendency of the value and uses of silver. As a mining engineer, interested in the development of our mining resources for increasing gold aud silver for currency, and having devoted much attention to the subject, I cordially approve of the views set forth by Mr. Balfouf, and I think the general body of all interested in the production of gold and silver will do the same.

Two main aspects need to be considered when analysing a potential petroleum development project. Firstly, an estimate of the recoverable reserves must be made, and in many instances, these reserves must serve as collateral to finance development if outside capital is required. Secondly, the likely production profile and cash flow has to be established, and this cash flow then must meet debt service require- ments and in addition generate the required profits. In making these crucial deter- minations, the impact on the project of a wide variety of risks has to be analysed. A computer model, which represents the project in its entirety, is a great aid in determining project viability. Such a model requires imput from geologists, engineers and economists, and interpretation of the model must also be a joint effort. Communications, and inter react ion amongst individuals and disciplines is essential if the best answers are to be obtained

Jan 1, 1983

By Keren Z, Huanguo G, Jlchuan Q

In this paper, the authors introduce a new flotation technique, a double collection flotation precess, which succeeds in separating feldspar from quartz effectively in weak acidic medium (pH = 5-6). In the presence of sodium hexametaphosphase(HMP), sodium oleate selectively improves the floatability of feldspar in the first collection step. Dodecyl amine- hydrochloride is used as collector in the second collection step to separate feldspar from quartz. The flotation tests with pure minerals as well as artificial mixture give out satisfactory results. The mechanism of reagent effect was investigated briefly, which is helpful for understanding the Process.

Jan 1, 1993

By L Crew, S Jackson

A trial of an Adept Online Ore Sizer (OOS) was undertaken at the WMC Leinster Nickel Operation (LNO) in the first half of 2000. During this time the On Line Ore Sizer has been shown to be a robust and accurate instrument for measuring mill feed ore size. Data collected during the trial indicates significant variation in the F80 of the SAG mill feed. The effects of feed size on milling parameters such as mill weight, mill power draw and mill efficiency appears to be dependent on the ore blend treated. With some ore blends a weak positive correlation was found between ore size and mill weight and milling efficiency but with others no correlation is evident. It is believed that the OOS will become a vital piece of equipment in the future as LNO continues to optimises its milling circuit.

Jan 1, 2000

By Harris J. W

Mr. Gillie and Mr. Harris have given us a wealth of information and food for thought on the vital subject of information and food fo rthought on the vital subject of reducing costs and mention considerable saving in some of the larger items. There are a number of points on which I would like further information, but I will confine my remarks to a relatively small saving which is of particular interest in view of another paper to be presented this afternoon.Mention is made of a 50 per cent reduction in the amount of zinc used in the precipitation of gold slime from the pregnant solution. Would Mr. Harris enlarge on the methods by which they obtained this reduction; and could he give an actual figure of zinc consumption either by ton of ore treated or per ounce of bullion recovered.AuthorsWe consider the reduction of zinc is due to improved clarification of the pregnant solutions. The sand clarifiers used prior to the installation of the 50 ft. -thickener were not satisfactory due mainly to the blending of the hessian and matting under the sand. Under these conditions the leaf clarifiers were fed with overflow solution from the clarifiers and were overloaded in consequence. The addition of Calgon has also been beneficial.The present consumption of zinc per ton of solution treated is 088 lb. per ton.A. L. "Keats (No,rth Broken Hill Limited)In the operation of milling equipment there is a progressive increase in maintenance expenditure during the life of a machine, so that when comparing the cost of operating old equipment with the cost of operating new equip...

Jan 1, 1956

By M McCarthy

Attraction, recruitment and retention of quality mining engineers is becoming increasingly difficult for many mining companies. Part of the problem is attracting young professionals, especially given the decline in graduating engineer numbers, and the other is balancing the new engineerÆs development with business needs. The evolution of the graduate program at Olympic Dam over the last five years has resulted in substantial benefits for both the engineer and the company. The program has developed to provide structured exposure to key areas of the mine enabling new engineers to step into vacated roles as the need arises. The pool of quality engineers generated by the graduate program is a buffer against high industry turnover and helps reduce future recruitment expenditure. Olympic DamÆs program goes beyond conventional recruitment of graduate engineers. Innovations designed to improve intake include the employment of graduate engineers as well as final year students, retraining of existing personnel from other backgrounds and fast track recruitment for previous vacation students. By employing a cross-section of professionals to complement the generic university graduate, the company takes full advantage of the relevant lifestyle experience belonging to the individual, which is a substantial factor in turnover. Study assistance and a salary paid for final year students and mature age students often creates a loyalty that lasts beyond graduation. Careful selection of vacation students increases the ease of recruitment at a later stage and ensures that full advantage is taken of the relationship developed previously between the company and young professional. The evolution of recruitment at Olympic Dam has seen a decline in the turnover statistics of young mining professionals.

Jan 1, 2005

By K Lee, K Fernando, S Rayner

Copper-gold ores have been technically difficult and uneconomical to process due to high consumptions of cyanide. Many copper oxide and sulphide minerals react with cyanide to form copper cyanide complexes, partly contributing to the high level of weak-acid dissociable cyanide in the tailings which is normally experienced during the processing of copper-gold ores. The cost for detoxification, if required for treating these tailings, would further inhibit the development of these copper-gold resources unless the cyanide used for leaching was recovered. Several technologies have been proposed to process copper-gold ores, aiming to recover copper as a co-product and cyanide for recycling in conjunction with the leaching process. A critical review of these processes reveals that a pre-concentration stage (solvent extraction or resin ion exchange) is required. Cyanide is recovered by the conventional Acidification-Volatilisation-Regeneration technique in most cases. A critical evaluation is also provided on technical aspects related to the use of Vitrokele Technology and a newly developed Elutech process in processing copper-gold ores, in particular with its application at May Day Mine.

Jan 1, 2000