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Banks' focus in using cash flow methods can differ markedly from that of equity investors. This paper attempts to explain and describe bankers' approach by: ò outlining the fundamental difference between banks' and investors' risk / return profiles. ò describing lenders' consequent use of cash flow methods in mineral valuation. areas. explaining lenders' specific treatment of key risk Fundamental to understanding banks' appraisal of mineral projects is the appreciation that lenders have a basically different risk profile and outlook from those familiar to equity investors. Lenders do not normally participate in any project upside. The economics of lending dictate that banks can only accommodate a low probability of loan default and consequently banks' principal focus in mineral ""valuation"" is ensuring an acceptably comfortable probability of debt repayment. A simple conceptual explanation of lenders' risk / return position is outlined.

Jan 1, 1994

By Grieveson P, Terry B. S

Carbothermic reduction of sulphide minerals for achieving a selective separation of metallic species from complex minerals has been discussed by considering the prevailing oxygen potential during the course of reaction. Construction of univariant plots for the reduction of sulphides with carbon monoxide gas or carbon and in the presence of either lime or anhydrous calcium sulphate is the key feature of this work. The theoretical calculations for univariants in the Cu-Fe-S-O system indicated a preferential separation of metallic copper and iron by imposing a chemical potential. This is evident from a logarithmic plot of sulphur dioxide partial pressure against reciprocal temperature. The results are compared with empirical data for the reduction equilibrium. The reduction behaviour of the constituent sulphides are also discussed together with the experimental results and theoretically predicted phase stability diagrams.

Jan 1, 1992

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

By B G. Lottermoser

Field and laboratory data combined with computational modelling have been used to predict the pit water quality for the Highway Reward mine. Open pit mining of the Highway Reward copper-gold deposit has produced a final mining void with a diameter of 600 m and a depth of 280 m. This void will be left to fill with ground and surface water once pumping of pit water ceases. Several leaching tables were constructed to simulate weathering reactions and surface water run-off in the major pit wall units during a 200-day leaching experiment. To date, about three-quarters through the experiment, combined run-off from these cells has reached a pH

Jan 1, 2003

By A Grace, C Sennersten, A Davie, R Lyu, C A. Lindley, O Goldstein, T Thomas, L De Macedo Camargo

Block modelling is a well-established method for modelling ore reserves as a basis for strategic mine planning and mine development. Off-Earth mining, particularly of asteroids, can benefit from block models; however, the significantly different characteristics of asteroids and their methods of mining require reconsideration of the geometry and annotations of block models. Terrestrial block models consist of rectangular prisms within Euclidean coordinate systems. Their labels and parameters typically include location within a mine-specific coordinate system, x, y and z dimensions, specific gravity, hardness, grades of metals of interest and so on.These data provide an input to mine design and strategic mine planning. Mining asteroids may require different coordinate systems (eg spherical, elliptical or cylindrical, rather that Euclidean) and attributes that vary from Earth-based block models. These include: variable gravitational vectors throughout the block modelrotational moment or accelerationrotation rates. Materials within asteroids may show different isotopic compositions. Asteroid mining has the unique characteristic of a mine being identical with an asteroid. The position of the asteroid/mine in space and its full orbital elements provide critical inputs to mission design and costing. Hence, the block model concept needs to be extended with this metadata. The orbital position and behaviour of the Earth must be included for active mine planning, and increasing automation of mine planning and operations needs to consider terrestrial weather and telecommunications infrastructure. Financial planning requires analysis of the net present value of extraterrestrial mining compared with terrestrial alternatives, so a fully automated mining enterprise should integrate terrestrial and extraterrestrial block models at different scales and resolutions. Blocks can be indexed via octrees, allowing for hierarchical scales that support analytics for deriving new knowledge and correlating features across different scales.CITATION:Lindley, C A, Sennersten, C, Davie, A, Goldstein, O, Lyu, R, Grace, A, Evans, B, Pentecost, D, Thomas, T, De Macedo Camargo, L, Craig, J, Salomao, G N, Hellicar, A, Biggins, D, Timms, G, Coombe, M, Shahriar, M S, Smith, G and Rahman, A, 2015. A multilayer 3D index tool for recursive block models supporting terrestrial and extraterrestrial mine planning, in Proceedings Third International Future Mining Conference, pp 289–296 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Nov 4, 2015

By L Stitz, S Kinnear, L D. Fabbro

Sensitive and tolerant species of macroinvertebrates were present across a wide range of conductivity concentrations in the Isaac River catchment in Central Queensland, indicating the need for further ecological studies in the field to underpin the development of regionally-tailored guidelines for conductivity. The Isaac catchment has naturally high conductivity, but there is also increasing pressure on resource companies to ameliorate saline mine water discharge. Recently, catchment management efforts have included a revision of the water quality guidelines that are specific for the broader Fitzroy catchment. These guidelines include the use of macroinvertebrates as indicators of ecosystem health, but developing and applying such guidelines first requires a good understanding of macroinvertebrate ecology and population dynamics, ideally from field validation. To date, studies of macroinvertebrate tolerance to conductivity in southern freshwaters, as well as in laboratory-based ecotoxicological tests conducted in Queensland, have suggested that ranges exceeding 1000 ¦S/cm are likely to have negative impacts on survivorship of all taxa. However, these results may not be transferable to natural populations of macroinvertebrates from the Isaac, where the naturally high-conductivity water may allow the opportunity for adaptation. To test this, macroinvertebrate assemblages were examined at a series of sites in the upper Isaac River catchment at the end of the dry season in 2012. Patterns in the assemblages were examined together with water quality parameters, in order to gauge the ability of macroinvertebrates to survive at conductivity concentrations exceeding 1000 ¦S/cm. The specific conductance of the field sites ranged from 477 ¦S/cm to 9791 ¦S/cm and a total of 39 families from 13 orders were identified. Species richness was not significantly different between sites of differing conductivity. Macroinvertebrate populations were dominated by Dipterans as well as the traditionally more pollution-sensitive families Ephemeroptera and Trichoptera. There was an absence of any correlation between conductivity and species richness (P > 0.050), suggesting that macroinvertebrate taxa richness occurs independently of conductivity, at least in this particular cohort of mining and/or grazing influenced ephemeral systems in Central Queensland.CITATION:Stitz, L, Fabbro, L D and Kinnear, S, 2013. Macroinvertebrate tolerance across a range of conductivities in the Isaac River Catchment (Central Queensland), in Proceedings Water in Mining 2013 , pp 135-142 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Nov 26, 2013

By Box JC

A comprehensive computer simulation has been developed for heap and dump leaching processes. It deals with complex chemical interactions, involving several minerals and reagents, which vary with time and location in the dump. The simulation is generally applic- able to ores of various metals extracted by different reagents. It requires only mineral- ogical data obtainable from drill cores and chemical data obtainable from the literature; there is no curve-fitting with adjustable parameters. Applications in designing testwork programmes, evaluating operating options, transferring experience to new situations and reducing uncertainty in long-term forecasts are described. Specific examples are included illustrating the potential of the simulation.

Jan 1, 1983

By Boyd G. L

Stress measurement is at the core of most stability design analyses. It is demonstrated that contrary to accepted practice, it is the field measurement, and not the calculated prediction, of stress that requires most examination and review. Since it is not really possible to quantify rockmass properties, the stiffness values used in reduction of stress measurements and in subsequent design analyses (either empirical or numerical modelling) must consider an appropriate range of values.

Jan 1, 1995

By T Y. Ko, Y S. Kang, S J. Park, J H. Hwang

The lunar subsurface, particularly the lava tubes formed by ancient volcanic activity, presents a promising environment for establishing safe and sustainable human habitats on the Moon. Tunnel Boring Machines (TBMs), widely used for excavating tunnels on Earth, offer a potential solution for developing these subsurface spaces. However, the unique lunar conditions, including extreme temperatures, high vacuum, radiation, and the extraordinary strength and abrasiveness of lunar rocks, necessitate significant adaptations to existing TBM technology. This study investigates the feasibility of utilising TBMs for lunar subsurface exploration and base construction, addressing the challenges posed by the harsh lunar environment. We review previous conceptual designs for lunar TBMs, highlighting their strengths and limitations in addressing these challenges. Additionally, we explore innovative excavation methods, such as microwave-assisted rock weakening and undercutting techniques, to enhance the efficiency and effectiveness of lunar TBM operations. By evaluating the geological characteristics of the lunar crust and analysing the potential of lava tubes as launching points for TBM operations, this study provides a comprehensive assessment of the technical requirements and operational considerations for lunar TBM implementation. The findings of this research contribute to the growing body of knowledge on lunar base development and pave the way for future human exploration and utilisation of the Moon’s subsurface resources.

Sep 1, 2024

THE plant is one of the usual type of Mond plants, and contains no new features worthy of comment. A brief description of the process, however, with a few remarks on the working of the plant, may prove of interest.Producer gas is made by passing a mixture of air and steam through incandescent carbon contained in a furnace called a producer, which, in the Mond type, is a cylindrical casing of steel plate, lined with firebrick, and fitted at the lower end with sloping fire-bars'. Coal crushed to an even size (about 2-in. gauge) is elevated to bunkers over the producers, from which it is fed into a measuring hopper on each producer.The hopper is a cast-iron cylinder fitted with a swing cover at the top and a bell valve at the bottom, worked by a lever and balance weight. When a charge of coal is run from the bunker into the hopper, the cover is closed, and the bell valve is lowered, allowing the coal contents to drop into the producer. Thus no gas can escape from, or air be admitted to, the producer during the process of charging. The hopper discharges its coal through a steel pipe-shaped container called the bell, which projects about 9 in. through the roof of the producer. The function of the bell is to spread the coal evenly over the fire, and supply coal to any portion of the fire as it settles.

Jan 1, 1918

The Prominent Hill copper-gold deposit is located approximately 150 km north west of Olympic Dam, on the southern margin of the Mount Woods Inlier in South Australia. Its discovery in November 2001 resulted from the application of a geological model developed from geological, geophysical and petrophysical data pertaining to the Olympic Dam deposit. The discovery has dispelled the notion the Olympic Dam may be unique, and that another deposit like it is unlikely to be found. The Prominent Hill mineralisation is hosted by haematite-matrix hydrothermal breccias, which have suffered extensive iron-sericite-silica alteration and overprinting. Copper, gold, barium, fluorine, uranium, cerium and lanthanum are all intrinsically associated with the hydrothermal iron. Breccias intrude an east-west striking, fault-controlled sedimentary succession, which is flanked to both the south and north by volcanic complexes. Many similarities between Prominent Hill and Olympic Dam are documented including geological setting, mineralogy, breccia styles, and alteration. Differences relate largely to the nature of the immediate host rocks. The similarities and difference provide key data for improving exploration models for this style of iron oxide copper-gold deposit, both within the Gawler Craton as well as globally.

Jan 1, 2004

By P J. Terbrugge

Many ore deposits have considerable vertical extent which is not always known at the time of commencement of mining. In many of these cases, initial mining is by opencast methods, and as ore reserves are proved to greater depths, the pits are often planned to go deeper than had been originally envisaged. In such cases, surface plants and critical underground facilities such as conveyer tunnels, access ramps, ore passes, hoisting shafts and ventilation shafts are often located much closer to the pit rim and the orebody than is desirable for the deeper mining situation. This usually raises the question of the stability of such underground excavations, which may be critical for the viable longer-term mass underground operation of the mine. In this paper the key considerations in the evaluation of the stability of the overall mining environment for ædeepened minesÆ are defined. Aspects which are dealt with are: open pit stability, shaft stability, dilution, mudrushes and airblasts, and selection of mining method. The necessary stability evaluations are put into the appropriate context by considering two case histories. Critical parameters and considerations which need to be addressed during the evaluation of excavation interaction are also discussed.

Jan 1, 2000

By D K. Weatherley, A N. Mainza, I Govender, L M. Tavares, M S. Powell

It is understood that rocks do not instantaneously transport along a grinding mill and are consequently not perfectly mixed, but this is conveniently overlooked in mill modelling. A lack of understanding of the transport phenomenon and the difficulty of modelling realistic transport in a complex tumbling system, contribute to this. Visual observation of segregation in AG and SAG mills and measured lag time of mill response to changes in feed provide evidence of the influence of axial transport within mills. Incorporating this lag in dynamic models should underpin dynamic simulation of milling circuits for design and for model-based control. Limitations and errors in predicting the influence of increased power via mill length versus diameter, inability to predict pebble production, and a lack of the differential in residence time across rock sizes and competences, all contribute to inadequate design prediction that can be especially acute for large Autogenous mills. Examples of dramatically under – and overloaded pebble regrind circuits and the inability to predict pebble load in AG milling discouraging the application of this energy-efficient option, point to the need for predictive modelling of breakage by competence linked to transport through and out of mills. Incorporating progress in granular flow and mixing, coupled to computational advances enable models to be based on complex breakage and transport models at high spatial resolution. This allows mechanistic models to simulate thousands of times faster than real time, opening the door to more accurate mill design, including dynamics in process simulation and to live simulation for process control – all with advanced mechanistic models. The value of grasping this opportunity is not easily refuted.

Aug 24, 2022

By V Kumar, A S. Venkatesh, R K. Upadhya

The enormous iron ore deposits of eastern India are part of the volcano-sedimentary basins containing iron and to some extent manganese deposits that belong to the Iron Ore Group (IOG) of Archaean Singhbhum Craton, occurring as western and eastern limbs of a broad synclinorium. The eastern iron basin contains typically huge amounts of blue dust and powdery ores. There is a remarkable difference between the western flank ores and the eastern flank ores and the present study is part of the eastern flank ores from Noamundi. Demand for sintered fines as blast furnace feed coupled with the higher export price for lumpy ores that produce enormous amounts of fines during processing has created a situation whereby both primary and secondary fines, such as classifier fines, are being increasingly used as sintered feed for blast furnace. Systematic mineralogical and geochemical characterisation indicates that in many cases the ROM and classifier fines have to be processed to increase their Fe content and at the same time reduce their Al, Si and P contents. The fines which are already at micron sizes are amenable for beneficiation using the Mozley mineral separator and sink float test. It was observed that beneficiation was better and significantly greater by the sink float method than the Mozley mineral separator. Mineralogical and chemical studies of the fines reveal that around 80 per cent of alumina bearing minerals (gibbsite, clay and silicates) are present in the liberated form. Microscopic studies confirmed that the iron minerals are well liberated by controlled grinding to -300 mesh sizes with the beneficiation of iron ore fines and low-grade ores carried out using the Mozley mineral separator and sink float test. Beneficiation using the Mozley mineral separator increased the grade of concentrate with increasing flow rate of water as well as increase in amplitude of oscillation of the tray, but not very significantly with the increase in slope of the tray. In this method, though, iron concentration improved from 47 to 63 per cent with a recovery of around 67 per cent. It is not suitable for industry scale operation as only a small quantity of ores can be handled at a time. Beneficiation using the sink float test produced a better result with the Fe content increasing from 47 - 49 per cent to 66 - 68 per cent with a recovery of approximately 58 per cent. Initial feed Al2O3, SiO2 and Fe contents of 9.85 per cent, 15.3 per cent and 49.8 per cent respectively were beneficiated to 2.13 per cent Al2O3, 1.5 per cent SiO2 and 67.5 per cent Fe in the concentrate, with a recovery of 54.1 per cent. In contrast, using the Mozley table resulted in beneficiable contents 66.3 per cent Fe, 3.01 per cent alumina and 2.05 per cent silica. The combined alumina and silica content for the Mozley Table was >5 per cent, which exceeds the industry requirement of

Jan 1, 2005

By M Stephens, T A. Sutra

Currently, there are several open pit mines with production rates of about 200 000 tpd of ore that are reaching the end of their economic lives. In most cases, the remaining orebody extends to depths greater than 300 m below the pit limit, leaving hundreds of millions of tons of reserves that can only be recovered by means of an underground mining method. One such method used for mass production is block caving. This paper presents a ventilation system for a four-zone block cave mine operation developed on a footprint 1000 m wide and 1200 m long. The system is designed for a mine with a nominal production rate of 120 000 tpd of ore using diesel powered units on the production and reduction levels. It discusses the air quantity requirements for the worst case scenario, which is anticipated to occur five years after the mine has reached its full production capacity. Finally, it summarises the results of computer modelling exercises that were carried out to determine an economic ventilation infrastructure that includes shafts, drifts, main fans, and ventilation control devices.

Jan 1, 2005

By E M. Wightman, C L. Evans

A recent survey of mineral processors undertaken as part of the International Mineral Processing Council (IMPC) Education Commission identified mineralogy as one of the key skills required for mineral processors (the other key areas being comminution, flotation, physical separation, sampling and extractive metallurgy). Past experience in a number of operations has shown what can be achieved when the data outputs from mineralogical tools are coupled with people with the right skills who can transform the data into actionable information. This paper reviews what has been done successfully in plant operations over a period of more than four decades and gives examples of a range of applications with both long and short-term objectives. The examples demonstrate the usefulness of mineralogical data – both basic and complex – in optimising mineral processing operations, whether the data are applied in a simple analysis or in more complex modelling. Similarly, the examples show the range of options available for operations to access the mineralogy information they need – through in-house experts and equipment based in centralised technology centres, through on-site equipment and experts or through external laboratories and consultants.The examples from industry highlight the huge potential benefit of including mineralogy as an integral part of operational best practice and raise the question of why more operations do not utilise what should be readily available data. Successful application of mineralogical data requires skilled people to generate relevant data of the required quality, together with skilled people to interpret the data (this may be the same person). And, as in any project, corporate recognition of the value of this approach to best practice is required to ensure continuing support. With fewer university courses providing courses in process mineralogy to undergraduate mineral processing engineers and chemical engineers, there is an increasing lack of knowledge about what mineralogical information is needed, how to get the required data and, equally importantly, how to turn the data into useful information.CITATION:Evans, C L and Wightman, E M, 2018. Understanding minerals in mineral processing – the basics and beyond, in Proceedings 14th AusIMM Mill Operators' Conference 2018, pp 363–376 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Aug 29, 2018

By D Bradshaw, J R. R de Villiers

The non-stoichiometric sulfide mineral pyrrhotite (Fe(1-x)S), common to many nickel and platinum group element (PGE) ore deposits, occurs in varying crystallographic forms with the different types exhibiting subtly different physical and chemical properties. These differing properties are likely to influence the flotation performance of pyrrhotite, which in the case of PGE operations is actively recovered, whereas in nickel operations pyrrhotite is depressed. In this study, examination of natural pyrrhotite samples from Southern African and Canadian nickel and PGE ore deposits revealed a variety of pyrrhotite compositions in terms of iron content (Fe7S8, Fe9S10, Fe11S12) and solid solution nickel concentration. Pyrrhotite composition was correlated with its mineral association depending on whether non-magnetic pyrrhotite occurred in conjunction with troilite, non-magnetic pyrrhotite occurred as single phase pyrrhotite, magnetic pyrrhotite occurred as single phase pyrrhotite or whether the two phases; magnetic and non-magnetic pyrrhotite co-exist. Subsequent microflotation tests of selected single phase pyrrhotite samples revealed that the non-magnetic pyrrhotite is slightly more floatable than magnetic pyrrhotite. Microflotation tests also showed that varying flotation responses occur between differing magnetic pyrrhotite samples. These differences in flotation performance are postulated to be a result of the effects of varying pyrrhotite crystallography, trace metal content and mineral association on pyrrhotite oxidation, formation of surface species and subsequent adsorption with xanthate collector.

Jan 1, 2008

By B Clements, R Dunne, J Dioses, S Hart

In April 2003 plant upgrades in the æLow GradeÆ Cadia Hill circuit were undertaken in order to improve concentrate quality and metal recoveries from the flotation circuit. The major changes involved: circuit reconfiguration to allow all concentrates to be reground to less than 38 ¦m prior to final cleaning; increasing ball charge in the regrind mill to fully utilise all of the installed power; desliming of the cleaner scavenger concentrate to improve the circuit water balance; and the inclusion of a gravity concentrator in the regrind circuit to recover more free gold to bullion.Once the flotation circuit had stabilised under the new operating conditions concentrate launder modifications and increased froth crowding on the scavenger flotation cells permitted the introduction of stronger collectors without compromising concentrate quality or circuit stability.Twelve months on, the copper concentrate grade has increased by two per cent and metal recoveries increased by three per cent and seven per cent for copper and gold respectively. The project capital outlay of approximately $2.0 million has been repaid in less than three months. This paper will review the project from the design, construction and commissioning perspective as well as the subsequent debottlenecking exercise that was required to eventually yield the full benefits of this upgrade.

Jan 1, 2005

Subsurface development requires some geotechnical conditions and challenges. Most of then are related to the compatibility between tunnelling system and surrounded ground conditions, and design criteria. Design criteria usually involve lining pressure and ground control of displacements. In order to fulfil these requirements, geotechnical parameters have to be obtained as well as construction aspects have to be taken into account for predicting the tunnel behaviour. The Brasilia Metro is presented as a case history illustrating the geotechnical conditions and challenges for its implementation. It is 42 km long, including tunnels excavated in collapsible porous soils by the New Austrian Tunnelling Method. The Brasilia porous clay presents some characteristics, which may lead to large deformations due to structural collapse. Empirical methods were calibrated for collapsible porous soils and then applied to predict tunnelling-induced settlements. Settlements due to soil structural collapse modify completely the expected settlement profile, increasing their values from the tunnel crown to the ground surface. Consequently, surface settlement trough volumes were also greater than the ground losses around the tunnel. In this case history, structural collapse of porous soils played an important role and must have been taken into account to predict correctly the settlement trough and profile. Numerical simulation has shown that settlement magnitudes due to structural collapse are strongly dependent on the soil stiffness reduction after collapse and the extent of the collapsible zone.

Jan 1, 1999

The optimal production of the metals needed by society is best achieved by a close synergy between concentrate production and smelting. For over 75 years commencing in 1923, such a close relationship was enjoyed between the Sullivan Mine in Kimberley, British Columbia and the Trail zinc-lead complex. An effective program of continual change and improvement at the Sullivan concentrator was achieved through a strong entrepreneurial spirit. This spirit was in part maintained through a favourable location in south-eastern British Columbia that resulted in a dynamic local community that has survived the closure of the mine. Innovations to be reviewed include feed forward reagent control, the use of column flotation to zinc and lead cleaning and the application of ultrafine grinding coupled with concentrate dewatering using hyperbaric filter technology.

Jan 1, 2005