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New Zealand's Land and Income Tax Act 1954 contains unique incentives for companies engaged in mining certain specified minerals or petroleum. Sections 152 and 153 provide for the taxable income of such companies to be based not on profits made but on dividends paid to shareholders. A significant saving in tax results, particularly where profits are not distributed: but the Act attempts to ensure that undistributed profits are used for further mineral exploration and development. To encourage investment in the mining industry, persons taking up shares in a company mining for the specified minerals or petroleum are entitled to a one-third deduction in respect of monies paid on the shares and used by the company for its purposes; and company shareholders may make loans to the company and write-off such loans for tax purposes to an amount of up to half their taxable income. Maximum utilisation of the tax incentives calls for careful consideration as to whether a mining or petroleum company should be financed by way of loan capital or share capital.

Jan 1, 1971

A real Dorothy Dix title has been selec- ted for this paper. It has the advantage, however, of being capable of being interpreted in many different ways and hence I can select my own approach. You probably are thinking that this topic would be more appropriately handled by an Accountant. I wish to make it clear at the outset that I am not skilled in the sometimes mysterious ways of Accountants - likewise that profession frequently has difficulty in pinning down economists. We have our own strange ideas about profits, marginal efficiencies, cost/benefit analysis etc. What follows is in the main a mixture of two disciplines, probably in a form that few of the purists from either side would accept. Nor do I expect the reader to accept my own prejudices. The paper is designed to stimulate thought and discussion'on the subject. Emotive words such as "profit" and "loss" make for wide differences of opinion. At the time of writing there is a surprising degree of acceptance of the viewpoint that profits in Australia are too low and one is tempted to make this point of near agreement a starting Point.

Jan 1, 1975

Technological advances evolve in different ways; many are the result of years of application of scientific method. i.e. Observation Deduction Hypothesis Proof In the mining industry, better explosives, drill bits or reagents are likely to evolve in this way. The scientific method is suited to the application of conventional management structures. Other advances are simply the result of a "brainstorm", or building a better mousetrap. Such inspiration probably resulted in "Split Set" rock bolts, or the first use of a vacuum cleaner principle for shaft mucking. Individual consultants can apply lateral thinking to generate such inspiration. In gathering material for the presentation of this paper, I sent a.letter to all members of the Mineral Industry Consultants Association asking them to nominate problems in the industry requiring investigation. The answers have been divided into two classifications - contract research underway and identified problems requiring solutions.

Jan 1, 1986

Wetherstones gold deposit is located just east of the township of Lawrence, in the Otago District of the South Island, New Zealand. The paper will describe aspects of the mining and exploration history of the Wetherstones gold field, current knowledge of the geology of the deposit, and speculate on possible outcomes of exploration in the modern era.   As at the famed Gabriels Gully situated nearby, most of the Wetherstones gold is/was contained in, or recycled into modern drainages from, the Blue Spur Conglomerate (æBSCÆ). The BSC is the basal member of a wedge of auriferous non-marine sediments of latest Cretaceous age which are tilted against the Tuapeka Fault Zone, a structure of regional dimensions. In particular mineralisation of elevated grade (which cannot yet be reliably estimated) appears to be concentrated in an elongate basement depression (ægutterÆ) of width around 100 m, variable thickness to a few metres, and axial length in excess of 500 m. The gutter plunges from the base of alluvial mining (where it has been partly exploited by underground methods) to depths of more than 100 m, beyond which it remains open and untested.   The prospects for a revival of mining at Wetherstones depend upon confirmation of what is here inferred to exist, and the discovery of additional gold. The economic prospects of the project however are enhanced by what is known or indicated of the geographic location, and anticipated geologic, mining and metallurgical characteristics of the mineralisation, and consequent anticipated environmental management issues.   The recognition of gold contained in pyrite in the BSC represents an upside to project economics which has never previously been evaluated. The Wetherstones Basin covers more than five square kilometres in areal extent. There is no modern exploration record of the majority of this area, leaving open the prospect of the discovery of additional gutters, and primary mineralisation in the underlying schist.   Australasia Gold Ltd has embarked on a program to reassess the potential resources of the Wetherstones gold mineralisation, and to evaluate the feasibility of mining.

Jan 1, 2004

By N C. Steenkamp

The Northern Cape Province of South Africa is host to the Kalahari Manganese Field (KMF). The northern portion of the KMF hosts high-grade manganese referred to as Wessels’ type ore and is mined mostly from underground operations. WorleyParsons TWP is currently involved with the development of a ventilation shaft for one of these mines. The main challenge is to develop through the unconsolidated Kalahari material and weathered portion of the Karoo formation. These formations are preserved very erratically over short distances. A lack of understanding of the unique challenges presented for developing shafts in this area has resulted in the failed development of a shaft on an adjacent property and over-expended budgets on others.The renowned red sand of the Kalahari forms the top several tens of metres and overlies a horizon of gravels and calcrete that pose seasonally variable water ingress problems. A very stiff red clay horizon is then intersected. The Red Clay is prone to swellling during excavation and has been the main stumbling block on previous constructions. The standard approach has been to develop non-stop through this layer. The red clay is underlain by another horizon of calcrete, gravel and conglomerate that marks the bottom of the formation. The top of the Dwyka Tillite (Karoo Formation) is usually highly weathered and has a distinctive yellow colour. The weathered tillite is highly susceptible to drying and becomes friable. At reef-intersection, the combination of subhorizontal bedding and joints with the dominant subvertical faulting results in potential wedge failures in the manganese and ironstone units.This paper describes the geotechnical issues identified during the planning of the ventilation shaft and the risks associated with development through the Kalahari and weathered Karoo Formations. A new approach to developing ventilation shafts in overcoming these challenges is recommended.CITATION:Steenkamp, N C, 2014. Challenges of developing a ventilation shaft in Kalahari and Karoo formations, Northern Cape, South Africa, in Proceedings 12th AusIMM Underground Operators’ Conference 2014 , pp 81–88 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Mar 24, 2014

By Morgans DJ

The aim of this paper is to highlight the social aspects involved in the preparation of environmental impact studies (E.I.S.'s) for mining developments. In particular, the paper will reveal that the social information provided in such E.I.S.'s can achieve much more than simply satisfying government requirements. Such information can form the basis of a strategy to deal with the settlement of a mine workforce in either an existing or newly developed community. A strategy of this type can go a long way towards avoiding many of the social problems and related industrial disputes often created in such circumstances. It will also be of significant benefit to the mining company in negotiating its infrastructure package with the local authority.

Jan 1, 1987

By A Califice, E Pirard, M Benzaazoua, R Mermillod-Blondin

Image analysis is more and more considered as a powerful tool for quantitative analysis of ores and concentrates. Apart from being very much dependent upon the quality of the imaging principle and the adequacy of the imaging sensor, quantitative image analysis is also the result of a long chain of material, image and pixel sampling strategies. The most reliable way to demonstrate the accuracy and the precision of modal analysis obtained from images is probably to use a blended material with known proportions of pure minerals and confront the results obtained from different analytical tools. This operation has been performed on a series of mineral blends mimicking the tailings of a flotation operation in a plant operating on massive sulfide mineralisation. The intention was to be able to better predict acid mine drainage potential from direct mineralogical observations. Selected sulfide minerals: pyrite (Py), pyrrhotite (Po), chalcopyrite (Cp) and sphalerite (Sp) were mixed as variable amounts within gangue minerals (quartz, calcite, dolomite and siderite). Typical blends contained six to ten per cent (Py); one to three per cent (Po); 0.5 to one per cent (Cp, Sp); 15 to 40 per cent carbonates and 40 to 75 per cent quartz by mass. The 1000 gram blends were carefully sampled and prepared for X-ray diffraction, chemical analysis by ICP-AES and optical microscopy image analysis (OMIA). Results obtained for the different analytical techniques are compared and discussed revealing the limits and strength of each method in the accurate quantification of sulfide and gangue minerals.

Jan 1, 2008

By Eggleton T, Taylor G

The lateral and vertical distributions of gold and a wide range of other elements in the regolith, close to Au and Cu mineralisation have been investigated at Goonumbla, NSW. Open cut mining has exposed deeply weathered profiles which have been used for this investigation. Determination of secondary mineralogy and micromorphology of profiles have facilitated the broad interpretation of processes that determine element mobility and dispersion from primary mineralisation as a result of weathering. This in turn has led to better interpretation of geochemical data and enhanced understanding and knowledge of regolith geochemical processes which are invaluable in the formulation of improved exploration Procedures.

Jan 1, 1997

By H. J. Glass, A J. Cornah

Improving the quality of the variogram helps to improve subsequent estimation and simulation processes. Two strategies for conditioning data prior to construction of the variogram are investigated using data from the Luce iron ore deposit in Canada. One strategy is the classic approach in which the deposit is subdivided into a set of structural domains. The domains are analysed individually and datapairs are recombined to produce a variogram. The second strategy is reconstruction of the deposit at an earlier stage of its history through unfolding. This involves transformation of the Cartesian coordinates into stratigraphic coordinate system. Improvement in the variogram quality, expressed in a decreased weighted deviation from a fitted model, is observed for both types of data conditioning. This indicates that, for the Luce deposit, application of data conditioning could also help to inform the selection of sampling locations.

Jan 1, 2006

By Miovski P, Hooft P. V

In the majority of recently commissioned gold mines granular activated carbon is used to adsorb gold from alkaline cyanide pulps or solutions. At the same time the carbon also adsorbs many other inorganic and organic species, most of which lower the activity of the carbon. Removal of these foulants is necessary before the carbon is reactivated and recycled. Standard practice for re- storing carbon activity involves high temperature treatment in a kiln - an apparently straightforward unit operation which is not always satisfactorily carried out. This paper presents the results of some fundamental work carried out on the thermal reactivation of carbon in a laboratory rotating pot kiln. The effects of temperature and steam addition on carbon activity were examined and compared with the activity of carbons obtained from a number of commercial kilns. Carbon was also reactivated using a small-scale Rintoul Furnace in which carbon was resistively heated by the direct passage of an alternating electric current. It was established that both elevated temperatures and the addition of steam to hot carbon generally enhanced its activity although peat-based extruded carbons responded a little differently to coconut shell types. Other measurements made included the weight loss and the hardness of carbons as a function of reactivation conditions.

Jan 1, 1987

In the mid-1990s, after a long period of antipathy between the company and its detractors, Rio Tinto embarked upon an ambitious cultural change program that sought to transform the fundamental basis of its relationship with global, national and local stakeholders. This has evolved into a broader pursuit of positive cultural change within Rio Tinto as part of the mining industryÆs Sustainable Development initiative. Initially driven from the top down, the communities component of this program comprises an architecture of policies, value statements, social research and verification systems. The commitment to better community relationships is best exemplified in Australia by the scope and scale of the GroupÆs Aboriginal land access agreements, community development programs and the work of the Rio Tinto Aboriginal Foundation. While collectively these form the core elements of an evolving set of internal social competencies, development of second-tier competencies is required to organically embed a culture of sustainable relationships with local and regional communities. Second-tier competencies will include appreciation of social dynamics, social science and diversity at middle management level; rigorous social research that properly informs development options for companies and host communities; career paths and recognition within the mining industry for young professionals both generally and from stakeholder communities; proper community-needs assessments, research into such things as purchasing power and other economics data, and inventories of public goods such as land-carrying capacity and water availability. Without this information it is difficult to gain an appreciation of and to alert people to the consequences of change brought on by a mine. The next decade will see second-tier social competencies promoted within successful mining companies. Measures to achieve this include a range of Human Resource (HR) incentives such as recruitment and career advancement based on broad competencies rather than narrow technical proficiency, humanities training for mining professionals and performance rewards that recognise social competence. A sustainable future for mining in a globally connected social landscape requires selection of people who can listen, relate and act in an open social system. The challenge for the mining industry, its professional organisations and educational institutions is to acknowledge this and develop these new aspects of mining industry professionalism. This cannot be left to individual companies if the industry is to have a sustainable future.

Jan 1, 2002

Giving the keynote address in the final session of a conference dealing with closely related topics has a disadvantage in that much of what can be said has been said. It also has an advantage, however, because it presents the speaker with the opportunity to integrate and analyse the material presented by the various speakers. I would like to look to the near future in Aust- ralia and the United States of America, to the risks, problem areas, and changes of a rapidly evolving post-industrial era-an era we are begin- ning to experience where industry no longer `calls the tune'. We miners have been quick to point out and emphasize, that ours is a `high-risk' industry in the world of business and commerce. Yet, clearly those who have survived, and been successful, have learned to anticipate and cope with risk and change. This ability has been a distinguishing feature of the industry's leaders who, in market studies and commodity selection, exploration and development, mine planning, metallurgical pro- cessing, and general administration and operation 1. identify areas of risk or inevitable change, 2. analyse, test and quantify those factors of risk or change, and 3. design methods, systems, equipment to elim- inate, moderate, or control or economically compensate for predicted risks or changes.

Jan 1, 1978

The resources industry is unique in that the finite nature of resource deposits requires a participant to be constantly locating and developing new ones to replace those that are depleted. An effective growth strategy that enables new project developments to be brought on line in time and within budget is therefore of fundamental importance to any mineral resources company. This paper seeks to identify the role of the development project in the company's overall growth strategy and the key performance criteria that a development project must achieve in order to allow a company to meet its growth objectives.

Jan 1, 1997

There was a time, in the memory of some here tonight, when the annual meeting of The Institute was a nostalgic occasion. Often, in the 1920s, there was comment on the decline of Australian mining and on the lack of new mineral discoveries. When some of our Presidents prayed then for a new Bendigo, and instead were given a Mount Isa, they were justifiably disappointed because of the vastly different capital requirements.In 1967 the mining picture is very different. The recent mining developments in Australia are certainly as important as several Bendigos and several Kalgoorlies. The mining industry in Australia has never been more dynamic than today (Table 1). And if we ask why it is so dynamic, the answer lies in the role which overseas capital is playing in the industry. The contribution of overseas capital should concern us not only because we are members of the mining and metallurgical profession, but also because we have a duty to make our profession contribute as much as possible to the well-being of Australians. It is not sufficient to argue that overseas capital is good for the mining industry; we must also examine whether it is good for the economy and the nation. In this context the current criticism of the inflow of overseas capital into Australian mining is useful, for it gives us an opportunity to see what has resulted from the inflow.In discussing this question I do not suggest that we emulate Captain Hancock, that legendary Moonta mine manager who, according to Oswald Pryor's cartoon, used to say to his miners: "When I say a thing is, it is, even if it isn't". The question can only be discussed on a factual basis; and I would submit that many of the important facts relating to overseas capital in our mining industry are often overlooked or ignored. I would further submit, on the basis of these facts, that Australia's present day mining industry has been largely built on overseas capital and that the overall benefits of that capital to Australia have been enormous.

Jan 1, 1967

Drill and blast operations account for 12 - 15 per cent of total mining costs. This paper looks at a comparison between electronic detonators and non-electric detonators, focusing on the cost benefits associated with the high precision of the timing sequences of electronic detonators. An analysis of the total mining costs was made on two main case studies; one on a quarry in South Australia (Martin, 2007) and the other on a project undertaken at Sunrise Dam (Vaughan et al, 2007). The criteria used in the analysis included; the resulting fragmentation, a vibration analysis, crusher throughput and productivity analysis such as excavator cycle times, dig rates of the excavator and bucket fill factor. The results indicate that there were consistent production improvements and hence reductions in total mining costs attributed to the use of electric detonators. An increase in the degree of fragmentation gives lower crushing costs as more material passes through as undersize. This reduces truck delay time at the crusher, which in turn gives higher truck and shovels productivity as well as higher dig rates for the excavators.

Jan 1, 2008

By M Biesinger, R St C Smart

Diagnosis of the surface chemical factors playing a part in flotation separation of a value sulfide phase requires measurement of the hydrophobic and hydrophilic species that are statistically different between the concentrate and tail streams. Statistical methods, based on the monolayer-sensitive time of flight secondary ion mass spectrometry (ToF-SIMS) technique, have been developed towards this ultimate aim by measuring hydrophobic species (collector ions, dimers and metal complexes, polysulfides) as well as hydrophobic metal ions, precipitates and added depressant species. Reliable identification of specific mineral particles is central to this statistical analysis. A chalcopyrite/pyrite/ sphalerite mineral mixture conditioned at pH 9 for 20 minutes to study transfer of Cu from chalcopyrite via solution to the other two mineral surfaces, since this mechanism can be responsible for their inadvertent flotation in copper recovery, showed no statistical difference in the copper intensities on pyrite and sphalerite (selected from Fe and Zn images) after this conditioning. Principal component analysis (PCA) identifies combinations of factors strongly correlated (positively or negatively) in images or spectra from sets of data. In images, PCA selects these correlations from the mass spectra recorded at each of 256 ¦ 256 pixels in a selected area of particles. In the image mode, PCA has proved to be a much better method of selecting particles by mineral phase with clearer definition of particle boundaries due to multi-variable recognition. It has clearly separated a statistical difference in copper intensities between the sphalerite and pyrite phases. The PCA method has been applied to concentrate and tails samples collected from the Inco Matte Concentrator demonstrating extensive CuOH and NiOH transfer between the chalcocite (Cc) and heazlewoodite (Hz) minerals. Statistical differences illustrate the important discriminating depressant action of NiOH in flotation despite the activation of Hz by Cu transfer. The adsorption of the collector at specifically-identified Cu sites has been elucidated by the study. Importantly, the statistical analysis has been able to confirm some mechanisms and deny others proposed to control recovery and selectivity giving more focus on the control factors.

Jan 1, 2005

The basic principles of mineral valuation were recognised and propounded at the beginning of this century and have remained virtually unchanged since then. Valuation is seen as a two part process commencing with a technical examination of the mineral property followed by a manipulation of the results of the technical examination in order to determine the monetary value of the project. A thorough and competent technical examination was seen then and remains now as the essential but not sufficient foundation for reliable valuation. All authors stressed the need to maintain the integrity of the data base and to ensure adequate coverage of all relevant aspects. The monetary valuation process through most of the first half of this century was mainly based on the Hoskold two rate method, derived from the formulae for valuing annuities but modified to provide explicitly for recovery of capital. Though the basic principles of valuation have not changed significantly, the means of implementing the components of the technical examination, the styles of deposits being evaluated and the mechanisms of monetary valuation have changed dramatically. Despite all the technological improvements, however, mineral valuations are still as apt to vary from realised performance as at any time in the past. As well, mineral property valuations are now being extended to cover all assets of potential value, including valuation of exploration tenements with or without identified resources. Valuation of exploration tenements will continue to be one of the most difficult and contentious of valuation tasks.

Jan 1, 1994

In planning its production and investment activities the mining industry has generally paid too little attention to perceptive analysis of its market environment. The nature of world economic difficulties over the past decade is not a mystery. Essent- ially prolonged affluence has engendered a false sense of security and fostered entrenched vest- ed interests hostile to economic change. The overall outlook remains poor. For mining projects mineral demand affects both product prices and the availability of specific sales outlets. Long-term projection of demand is complex and a key to success is concentrating on analysis of fundamental deter- minants and avoiding mindless extrapolation.

Jan 1, 1983

One of the often overlooked factors affecting the capital investment decision in new or existing plants is the value of stock holdings necessary to maintain the plant. This paper puts forward a simple decision matrix on whether a part should be stocked depending on 1. the criticality of the item of equipment in terms of the effect on cash flow of its failure, 2. the lead time of the part, and 3. the stock holding value if it were Stocked.

Jan 1, 1986

By F Sandrone, J-P Dudt, J Zhao, E Paltrinieri

Tunnel boring machines (TBMs) excavation is nowadays more and more considered a valuable alternative to conventional tunnelling. As a matter of fact, thanks to its advantages such as greater rate of advance and safer working conditions, the application of TBMs has increased significantly in recent years. Despite the possible excellent performance of TBMs in favourable ground conditions, the advance rates could be significantly slowed down or even obstructed in limiting geological situations. This obviously traduces in potentially longer tunnel construction times and higher costs and, therefore, in a preference for conventional method. One of the major geological hazards encountered during tunnel construction, is related to the presence of fault zones or heavily jointed and fractured rocks. The most common geotechnical problems resulting from tunnelling in these difficult conditions include the instability of the excavation face, instabilities of side-walls producing large overbreaks on the tunnel profile, excessive deformations in case of squeezing grounds, frequently changing stresses in terms of magnitude and direction, high water inflows, etc. The decisions aids for tunnelling (DAT) is a model and a computer code that can be used to evaluate the influence of the uncertainties related to both the geological/geotechnical conditions and the construction process on final tunnel construction time and costs. In this framework, the DAT is used for assessing the effects that challenging ground conditions may have on tunnelling operations in terms of costs and delays. This is done by simulating the tunnel construction considering several geological profiles. The aim of the study is comparing different excavation methods (ie drill and blast versus TBM) in changing ground conditions along the tunnel alignment ranging from good rock, to very poor and fractured formations. The results show the impact, in terms of changing construction time and cost, of the excavation method versus the ground conditions.CITATION:Paltrinieri, E, Dudt, J-P, Sandrone, F and Zhao, J, 2014. Comparison of excavation methods in different ground conditions with the decision aids for tunnelling, in Proceedings 15th Australasian Tunnelling Conference 2014 , pp 573–580 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Sep 17, 2014