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Portfolio management tends to separate the functions of Asset Allocation and Stock Selection, so the person responsible for reviewing an expert's report on a company would typically be choosing between companies rather than between a company and cash or bonds. How these choices are made depends on the investment time horizon, philosophy and style. Two styles, momentum investing and value investing are contrasted and the role of valuation methods within the framework of each style is evaluated. Finally, pricing is distinguished from valuation.

Jan 1, 1994

Laboratory experiments have been used tostudy a wide range of convective processes which are significant for the formation of rocks and the ores that form in them. Metal-rich solutions flowing through the sea floor produce 'black smoker' chimneys; both the size and structure of a solid chimney and the height to which the plume of effluent rises above it can be predicted using model experiments. Analogues of processes in solidifying magmas can also be studied using crystallizing aqueous solutions. The release of lighter or denser residual fluid as crystallization proceeds, and the resulting compositional convection, have a vital influence on the differentiation of initially homogeneous magma and on the evolution of stratified magma chambers. Mixing during the replenishment of magma chambers, and its dependence on the rate of filling and on the fluid properties, have also been studied on the laboratory scale. Experiments carried out in different geometries have been applied here to the formation of platinum and chromite ores and komatiite lavas. Larger-scale mantle convection, in particular the motion of subducting plates and plumes rising from the core-mantle boundary, also determine the tectonic settings in which ore bodies form. These phenomena too can be usefully investigated in laboratory experiments using very viscous fluids.

Jan 1, 1990

Key incompatible element ratios for metabasalts from the Early Permian Croisilles and Patuki Volcanics, South Island, New Zealand, provide constraints on the tectonic environment in which their precursor ophiolitic protolith formed. Two geochemically distinct metabasalt suites are recognised among both the Croisilles and Patuki rocks. Metabasalts from one suite exhibit the geochemical signatures of depleted tholeiites from oceanic spreading ridges (N-type MORB) or spreading centres in evolved back-arc basins. These N-type tholeiites show high Zr/Nb ratios (Zr/Nb = 37-62) and are depleted in light rare earth elements (LREE)((La/Y)N

Jan 1, 1987

Recent and on-going studies on the leaching of gold, the properties and activity of carbon, developments in the elution of gold from carbon, and methods of recovering gold from solution are reviewed. Emphasis is placed on Australian contributions, and their impact on gold metallurgy. Consideration is given to the future development of selective solvent extractants, ion exchange resins or alternative reagents for cyanide.

Jan 1, 1987

It is hypothesised that increasing the number of loading passes will produce a reduced range of truck payload outcomes compared with four-pass loading. The paper provides analysis to support this hypothesis. It is shown that, hypothetically, loading trucks with five or more passes will result in reduced tendency for overloading and reduced confidence interval for truck payloads that increase the confidence level of containing high end payloads within safe and commercially acceptable limits. Furthermore, increased number of passes provides for more precise bucket load spotting and so improves distribution of payloads within truck bodies. Truck-loading issues examined by the paper include: Improvement in life of driveline components and tyres. Generally tyre costs are relatively moderate; but tyres tend to become an increasingly sensitive performance/cost component as truck scale increases; Reduction of site severity fects flowing on to suspensions, truck frames and structural components generally with potential for reduced long-term repair costs; Less physical body damage due to smaller load increments; Reduced risk of non-compliance with payload limitations for safe braking standards; Increase in loading cycle times tend to increase with scale of loading machinery within the limits of a specific type of equipment (ie rope shovels or hydraulic shovels). Production increase with increased bucket capacity is, to a degree, offset by slower loading cycle times. This is particularly pronounced with front-end loaders but tends to be less noticeable with hydraulic excavators/shovels and electric rope shovels. Decrease in loading time, as a proportion of total truck-cycle time as open pits deepen and dump reaches increase. The production and cost benefits of four-pass loading tend to diminish as truck cycle times increase. The paper also discusses the implications for loading-equipment philosophy to satisfy the future needs of the industry. Cost benefits from upscaling tend to diminish as truck scale increases, so increasing management diligence and close monitoring are required to ensure that expected outcomes are realised. These truck-loading issues have been researched to assess the benefits positive or negative) of four-pass loading in practical scenarios. An attempt is made to determine whether four-pass loading is a æmust-haveÆ or merely a æmythÆ.

Jan 1, 2003

Completing its historical role the opera tion of copper blast furnace of the Saganoseki Smelter was terminated in 1970, but it left some interesting data on metal lumps formed at the furnace bottom. Analysis disclosed the lumps to be speiss containing 100 to 10,000 g/t of Au and Ag and stratified to iron speiss and copper speiss. Solidifying temperatures of iron speiss and copper speiss being approximately 1,090¦C and 800¦C respectively, copper speiss precipitated at the lower side. The distribution coefficient of Au and Ag between matte and speiss (g/t Au(Ag) in matte / g/t Au(Ag) in speiss) is in the range of 1 x 10 2 to 2 x 10 ' and 1 x 10 1 to 5 respectively. The higher Cu % is in speiss, the-more An and Ag are distributed into speiss. Except for a few data, these results comfotm well to the range of distribution equilibria of Au and Ag in matte and speiss systems by Gerlach and Others.

Jan 1, 1980

By Dobos SK

The Black Ridge Gold Deposit is located in the northern part of the Clermont Goldfield, which is situated at the boundary of the Bowen Basin and Anakie Inlier, Queensland. The goldfield comprises a series of NNW-trending semi-isolated basins, which are tectonically aligned with the Denison Trough, the west-most division of the Bowen Basin (Fig. 1-1).The main stratigraphic units in the deposits in younging sequence are the Anakie Metamorphics, the early Permian Blair Athol Coal Measures, the late Permian(?) White Section, and the Tertiary basalts which are regionally widespread, and intruded by abundant mafic and felsic plugs.

Jan 1, 1990

By K H. Esbensen

Sampling of grain, animal feeds (solid and liquid) including important mineral mixtures in the Danish agricultural sector is subject to an ongoing investigation with the objective of improving existing (suboptimal) sampling procedures. Results from the first six months are presented here; the project will continue for two more years and will include international collaborators (Australia and Canada). The Danish authorities have instituted a system of control analysis, which contains a set of mandated sampling and analysis methods. From a preliminary survey it was concluded that in fact all of the existing sampling procedures are not optimised in the light of Pierre GyÆs Theory of Sampling (TOS).

Jan 1, 2005

The 5.6 km Canning Tunnel was constructed to improve water supply from Canning Dam to the Perth metropolitan area. The site area is in the Darling Range which is essentially a laterite-capped plateau-remnant underlain by Archaean granitic rocks, intruded by dolerite. Two arrangements were available. After geotechnical investigations which included geological mapping, seismic refraction geo- physics, diamond drilling and mechanical rock testing, a single tunnel was selected in pre- ference to two short tunnels and a connecting pipeline. The tunnel is hydraulically equivalent to a fully lined tunnel 1.83 m in diameter and 5 580 m long. The alignment diverged from a straight line so that the initial upstream section was almost normal to the contours which allowed for minimal support requirements in a weathered zone. Although steel and con- crete lining was needed at both ends, the main section of the tunnel was unlined except for a concrete floor. A sand and rock trap with a capacity of 46 m3 was constructed near the outlet portal to collect debris and sand down to a size of about 2 mm. Portal excavations were in highly to completely weathered rock which extended 56 m into the tunnel at the upstream end, and 18 m at the downstream end. Conventional drilling and blasting were used for tunnel excavation with survey control by laser. Breakage lEngineering Geologist, Mines Department, Perth, W.A.

Jan 1, 1976

By Matthew SP, Hayes PC

The product morphologies formed on the reduction of dense wustite crystals are classified into three types,A) porous iron, B) porous wustite covered with dense iron and C) dense wustite covered with dense iron. The mechanisms of formation of these structures and the effects of impurity elements on the product morphologies are discussed

Jan 1, 1984

By Carr SD

The Omineca Belt of the Canadian Cordillera straddles the western boundary of the North American paleocontinental margin and accreted oceanic and island arc terranes. Crustal thickening of the orogenic belt was initiated in the Jurassic and culminated in latest Cretaceous and Paleocene times.Thin-skinned shortening of the Rocky Mountain Foreland Thrust and Fold Belt was balanced by basement-involved crustal imbrication within the Omineca (hinterland) Belt. Middle and upper crustal rocks of the hinterland (Selkirk allochthon) were thrust eastward and ramped onto basement of the North American continental margin. By latest Paleocene the southern Omineca Belt formed an elevated crustal welt that was at least 60 km thick.Within less than 3 Ma of the culmination of crustal thickening the belt was rapidly uplifted and tectonically denuded. The southern Omineca Belt was extended by as much as 80% as upper crustal rocks were displaced on moderate to low angle normal sense shear zones and brittle normal faults. This oro-genic collapse is interpreted to be a gravitational response to crustal thickening and thermal soft-ening, facilitated by reduction in plate-boundary-induced far field stresses.

Jan 1, 1990

The technology of coal preparation, while based on similar processes to those in common useage in the 1950s, has improved significantly over the past 15 years primarily due to advances in process control. This technology at least offers the potential for most coal preparation unit operations to be optimised to a considerable degree. However, to maximise the overall yield of an operation from pit to port, factors often outside of the control of the preparation plant operator have a dominant effect. Specific factors include an in depth knowledge of the feed characteristics of the various sources of coal, the detailed mine scheduling to provide an appropriate blend to the plant, and the interim handling and stockpiling processes between the mine face and the customer.This paper summarises the criteria for optimising the yield for a variety of mining, processing and stockpiling options, based on the principle of operating at constant incremental ash. Pragmatic operating assumptions such as extension of the principle to operating at a constant density for gravity operations will be discussed. A means of optimising the compromise between maintaining specification product ash to the customer and maximising yield by always washing at constant incremental ash, without the benefit of a homogenised feed, will also be Presented.

Jan 1, 1992

Downhole survey uncertainties observed at various De Beers operations prompted an investigation into their possible effect on deposit shape and volume. An accurately surveyed artificial æboreholeÆ was constructed and different downhole survey instruments tested. In this way an empirically determined error range of 0.1 per cent to ten per cent was derived for downhole survey data. These survey errors were applied to an orebody model at an existing mine. Visualising the sphere of uncertainty associated with a borehole trace using a general mining package (GMP) gives an indication of possible volume variance. The resulting orebody maximum and minimum volume scenarios for three different depths (200 m, 500 m and 800 m) are presented. For certain instruments and borehole angles, the 3D positional error can be as high as 100 m at 1000 m down the hole. At depths below 200 m the resulting volume deviations can become significant for borehole survey errors exceeding 0.35 per cent. At 800 m depth the volume difference can approach 25 per cent. These figures assume that the error is compounded. The impact of these downhole survey errors is greatest for pipe-like orebodies such as porphyries and kimberlite pipes. Subhorizontal sill-like orebodies (and coal seams) will not be significantly affected by these errors. The impact of this type of survey error needs to be stated (and quantified) and is significant in JORC classification.

Jan 1, 2009

By D S. Perera, P Wal, D C. Southam, J L. Lowe

The Cooperative Research Centre for Sustainable Resource Processing (CSRP) is undertaking a large research project involving partners from industry, universities and government, which aims to develop the necessary chemical and structural understanding of geopolymer materials made from waste products for them to be used to capture a significant market share of the concrete business for a given industrial region. We are investigating the suitability of a range of soluble silica-bearing waste streams for use as geopolymer concrete feedstocks. In order to utilise a variety of waste streams, either singly or blended, an understanding of the role of secondary metal ions (Fe, Ca, Mg, Ti, etc) in the geopolymerisation process is essential. A range of experimental and analytical techniques is therefore being used to better understand the structure-chemistry-property relationships of geopolymers. Currently, we are investigating geopolymers made from a variety of waste streams (fly ash, kaolinite, red mud, etc) available in the Kwinana Industrial Region, Western Australia. This paper will detail how the basic scientific research underpinning the project is vital if waste streams of varying composition are to be successfully used in a commercial concrete product and the regional synergies required to develop geopolymers from waste streams.

Jan 1, 2006

By J O. Okonkwo

AngloGold operates various gold mines in South Africa, the largest of which are situated in the North West province. The impact of AngloGold Vaal River mining operations on the environment and, specifically, on aquifers and groundwater is assessed. The location of such aquifers and plumes is determined by remote-sensing and ground-sensing operations, followed up with the correct placement of monitoring boreholes from which information such as water rest levels, chemistry and geological data is gathered. This study utilises an integrated approach consisting of the following mutually reinforcing phases: Phase 1: Airborne multi spectral scanning; Phase 2: Airborne thermal remote sensing; Phase 3: Ground resistivity survey; Phase 4: Borehole placement; and Phase 5: Sampling and monitoring. The integration of the investigation tools and phases in use at AngloGold Vaal River has been found to be very useful in determining the exact sources of contamination, the direction of flow of such contamination, the positioning of interceptive measures and the analysis of such contamination. This adopted approach will enable the development of flow transport models that will further enhance our knowledge of contaminants in aquifers at the mine and enable management to conduct educated interventions.

Jan 1, 2003

Diamond bearing deposits are extremely low grade and require large bulk samples to be tested to determine the grade and quality of the stones. The semi portable plants, for treatment of these bulk samples, have followed the development of commercial processes for diamond concentration. These processes included jigs and diamond pans, which have been largely supplanted by heavy media processes for primary concentration, due to the higher efficiencies in all size ranges. A number'of flowsheets including these processes are presented. The final recovery of diamonds from the bulk sample concentrates can be accomplished by rejigging, adherance to grease or by X-ray sorting. Flowsheets incorporating all the processes are presented. Two plants are described; one incorporating jigging, rejigging and hand sorting; the other using heavy media separation, and wet X-ray sorting.

Jan 1, 1984

Laboratory studies of batch and continuous screening of ferrous sinter mixtures (4-0.5 mm) are described. The results are analysed by an equation derived from the first-order rate law for the condition of decreasing screen residue.The results of the studies show that the two screening operations are comparable in all respects if deck length in continuous screening and time in batch screening are interchanged.It is shown that the general screening process is determined by the numerical values of the screening rate constants of each of the particle sizes in the feed mixture and that the relationship between these constants and the particle size/screen aperture ratios is related to the appropriate probability function of the same ratios.It is also shown that the screening rates decrease exponentially with the amount of near-mesh material present in the feed and that oversize particles can increase these screening rates for some screen motions and decrease them for others.

Jan 1, 1985

By M M. M LT Tassinari, A B. Braz, L M. SantÆAgostino, C Ulsen

Several mineral resources have been recognised to alkaline igneous rocks. In general, these mineralisations present low P grades, so a complex concentration process is required to achieve commercial grade concentrates. This process is guided not only by the ore characteristics, such as apatite grain size and liberation degree, gangue minerals and slimes content, but also by different apatite varieties, iron oxi-hydroxide surface coating and roughness. The main techniques applied to apatite and phosphate ore characterisation, such as optical microscopy, cathodoluminescence (CL) microscopy, scanning electron microscopy (SEM), X-ray diffraction (XRD), Fourier-transform infrared spectroscopy (FTIR), surface techniques and magnetic separation are discussed, aiming to evaluate distinct apatite varieties and their technological behaviour.

Jan 1, 2008

The addition of a thallous salt to the cyanide leach of a calcined pyritic concentrate causes a marked increase in the"rate of extraction of gold. This probably is due to the activation of passive gold by.th,e. thallous ions'.''Lea'd, bismuth, and mercury salts, which should produce ' a, similai effect, fail to do so. It is postulated that'this latter result, together with'the reprecipitation of silver at low cyanide levels, is due to the presence of soluble sulphide. The use of thallous salts to reduce leaching time is discussed briefly.

Jan 1, 1964

By Whitham M

Prior to exploitation, the feasibility of mining and recovering ore can usually be determined to a satisfactory level of uncertainty by the consideration of conceptual scenarios, using a range of reasonable parameter values. Such values are selected on experience, knowledge of other mining operations, and the characteristics of the particular deposit being considered. Having established such feasibility, it is usually considerably more demanding to determine what the optimum set of parameters might be. Yet many decisions taken at the feasibility stage represent commitments extending at least into the medium term.

Jan 1, 1991