Search Documents

In the late-1990s, and into the 2000s, many industries, including the mining industry, have seen significant transaction activity by way of acquisitions, floats, joint ventures and major capital projects. The fundamental financial trends are two-fold. First and foremost, a high level of transaction activity within the industry and secondly, the recently introduced requirement for corporate governance standards, have placed increasing pressure on the directors of mining companies. This paper will deal with specifically corporate governance implications of any large capital investment transaction and the associated impact on the mining industry. To provide the framework for this paper, I have looked at a number of recent transactions as well as corporate governance recommendations from the ASX and the HIH Royal Commission.

Jan 1, 2003

Future metal prices play a direct role in both the economic evaluation and short to medium planning of a mine scheduling sequence. It is difficult to predict with accuracy the future price of volatile metal commodities, however, it is possible to fix some future metal price, outside of long term contracts by the selling of futures contracts through a commodities exchange. The futures contract represents a fixed amount of a speci- fied quality of a commodity for future delivery at a predetermined price. Several different types of hedginc are possible, one in particular which is best suited for mining companies. There are relative advantages and disadvantages when trading in futures contracts and particular reference is made to gold contracts on the Sydney Futures Exchange.

Jan 1, 1980

The Cooperative Research Centres (CRC) Program was established and is supported by the Australian Government at a total cost of $140 million per year. Six of these centres have been established to help Australia's mineral industry: three in exploration, one in mining and mineral processing and two in extractive metallurgy. Since the CRC Program has now been in operation for five years, it is a good time to ask whether the minerals industry is being served adequately by these centres. In this paper, the performance of one CRC, namely the A J Parker Cooperative Research Centre for Hydrometallurgy, will be discussed in terms of the objectives of the CRC Program. As will be shown, the Parker Centre has made considerable progress since its establishment in 1992.

Jan 1, 1996

By Restarick CJ

The development of mathematical relationships to describe grinding in continuous rod and ball mills has involved two methods of approach and has resulted in two main types of "model." The first which has been used for full scale grinding systems has depended on the analysis of, for example, the effect of change in solids feed rate on the changes in overall size distribution which the feed undergoes to become the product as a result of passage through the mill operated under steady conditions. The resultant mathematical relationships are of matrix form and do not include any description of the flow characteristics of the systems. The second approach has made extensive use of a technique in which a "pulse" of selected tracer mineral, of chosen

Jan 1, 1970

By Bailey S, Avraamides J, Jayasekera S

The anodic dissolution of iron from three different Western Australian reduced ilmenites was investigated using the carbon paste electrode technique. A characteristic current-potential diagram, called a cyclic voltammogram (CV), was obtained for each of the reduced ilmenites. The shape of the CV measured for all three reduced ilmenites was strongly time dependent. The effect of electrolyte composition and temperature on the CV of one reduced ilmenite was also investigated. The results suggest that the initial surface of iron in reduced ilmenite is slow to dissolve and that chloride ions and higher temperatures accelerate the dissolution of this initial surface layer. However, after removal of this layer, the dissolution rate was essentially independent of the electrolyte composition and the temperature.

Jan 1, 1996

There are a number a stages in a project at which an audit must, or should, be undertaken. An independent audit may be necessary for the comfort of directors and/or financiers before the major finance is committed, but an internal pre-development audit is the opportunity for the management team to take stock of the project and reaffirm their confidence and commitment. Maxims for project success are given and a check list for pre-development audits is presented. The need of mid-development audits may arise and their brief will depend on the circumstances arising. A game theory approach to decision-making is demonstrated in which the alternative of fast-tracking a development is considered. At the conclusion of the project, before the team is disbanded, a post-development audit should be made. Valuable learning can come from this process which could give important guidelines for future projects and a check list is presented.

Jan 1, 1997

IT is generally accepted that for transport of coal underground from different collecting stations, the system of endless rope haulage with remote control is not only one of the safest and most economIcal, but is also one of the most'efficlent in dealing with output.When the coal measures lie in regular planes, the work of laying down such a haulage presents no difficulties. When, however, the dip of the measures is Irregular, or dislocated by faulting, the management is faced with the problem of constructing vertical curves of such a radius that the sag of the rope will correspond with the road bed, and thus obviate the danger of the rope rising and throwing the skips off the track.The direction of the main roads for haulage purposes being ascertained from the plan of the royalty to be worked, the faults or dislocations in the seam are determined for these roads with the greatest possible accuracy by means of bore holes from the surface.From the data thus obtained the haulage road can generally be so graded that the rope will keep on the floor during haulage operations, although the grades may in places be synclinal.The writer confesses that he knows of no accurate formula for calculating the sag of the rope under varying tensions and so determining the safe radius of the curve, and he had to depend upon past experiences under somewhat sImilar conditions.The accompanying sections illustrate a case where the writer has recently installed an endless rope underground approximately 5000 ft. in length, from the foot of a tunnel in which an endless rope delivers the output to the screening plant, and having to negotiate, first a 400-ft. downthrow fault, and later a 32 ft. upthrow.

Jan 1, 1927

IN carrying out experiments to determine the amount of metal taken away by fume or fine dust the apparatus used requires to be strong and compact, as it is generaIIy necessary to work on a staging fixed at considerable distance above the ground and against a smoke stack or flue. It is essential that the test be carried out at a part of the stack welI away from any bends, to prevent eddies. The method described below has been used for estimating the dust losses from Dwight & Lloyd sintering machines, antimony drossing furnaces, pot sintering trials, etc., and has been founc! satisfaetory. It is welI to bear in mind that the longer the period over which dust coIIection is extended, the more valuable the result is likely to be. The rateof aspiration of the gases through the apparatus is kept as regular as possible by changing the filter thimbles frequently, and the rate of flow should correspond closely with the rate of flow of the gases up the stack.The apparatus required for carrying out a test is as folIows :-{a) Thermometers : two are required, one for taking the temperature of the gas in the stack and one for giving the temperature of the gas in the aspirating drum. If the temperature in the stack is over 400° C., it is advisable to use a pyrometer such as the "Bristol" the couple being standardized before use at about the temperature of the stack.(b) Pilot Tube: The foIIowing sketch (Fig. 1) iIIustrates the principle of the pitot tube. The readings are to be taken in a straight flue, or stack, preferably 20 diam. away from any bend. A, which is open, faces the air current and...

Jan 1, 1922

By Donchak PJ, Lang SC, Hammond RL, Bultitude RJ

The Hodgkinson and Broken River Provinces form the northern part of the Tasman Orogen. They are separated by a broad belt of Late Palaeozoic igneous rocks, but were probably originally continuous. They are bounded to the west by a system of major faults (Fig. 1) which separate them from the Georgetown Province. Although largely Precambrian, the Georgetown Province includes probable Siluro- Devonian granitoids, and in the south adjacent to the Broken River Province, metamorphosed Early Palaeozoic(?) volcanics and sediments of the Greenvale Subprovince. South of the Broken River Province, the Lolworth-Ravenswood Province includes probable Precambrian rocks, Cambro-Ordovician volcanics and sediments, and voluminous Ordovician to Early Devonian granitoids. The first systematic studies of the provinces were the 1:250 000 scale mapping programs by the Bureau of Mineral Resources and Geological Survey of Queensland (White, 1965; de Keyser and Lucas, 1968). These and subsequent regional studies were reviewed by Arnold and Fawckner (1980). Remapping by the Geological Survey of Queensland since 1982, and a concurrent regional study of the deformation by Hammond (1986) have provided much new data. We acknowledge the contribution of other members of the GSQ field parties - L. Cranfield, J. Domagala, B.G. Fordham, P. Green, R. Halfpenny, R. Hegarty, L. Hutton, S. Law, D. Macansh, T. McLennan and M. Scott.

Jan 1, 1987

The Permian rocks at Gympie were first studied as far back as 1868 in conjunction with the discovery of gold. The relationship of the Gympie Group to other sequences in the Gympie Composite Terrane is an important subject of investigations in a new mapping project of the Geological Survey Program of the Department of Resource Industries.In two areas the Gympie Group has been divided into four defined formations. They are the Highbury Volcanics (base), Ram mutt Formation, South Curra Limestone and Tamaree Formation (top) in the Gympie area, and the Mant basalt (base), Kolbar Formation, Gigoomgan Limestone and Teebar Formation (top) in the Gigoomgan area. Geochemical and lithological evidence from the basal volcanics of the Gympie Group (Highbury Volcanics, Mant basalt) indicate that they developed in an intraoceanic island arc setting. The overlying volcaniclastic sediments (Rammutt Formation, Kolbar Formation), which contain some continentally-derived material, are mainly of local derivation and shallow-water marine. A hiatus is present at the top of the Early Permian Rammutt Formation and Kolbar Formation. Following the hiatus, limestone sedimentation characteristic of a basin of restricted circulation developed in the Late Permian. There is some evidence of a hiatus between the limestone deposition of the Gigoomgan and South Curra Limestones and the overlying probable turbidite deposits of the Teebar and Tamaree Pnrmatinnc

Jan 1, 1990

Environmental impact and rehabilitation on completion are primary considerations in obtaining approval for mine projects from government authorities.This paper focuses on the planning and commencement of rehabilitation during the mining of an open cut mine (Hedges Gold Mine) in an environmentally sensitive area in the southwest of Western Australia.

Jan 1, 1992

A major high grade zinc deposit, Dugald River has fine-grained and complex mineral associations which provide considerable metallurgical challenges for both mineral dressers and downstream processors. A long history of metallurgical testing focusing on mineralogy and flotation concentrate production has shown that while separate lead and zinc concentrates can be produced at saleable grades, high levels of iron, and particularly manganese, are likely to place constraints on the marketing of zinc concentrate produced from deeper zones where coincidentally lode development is at its maximum. Testwork has focused on characterising the flotation response of ore types ranging from banded and stringer sulphides to brecciated ores in a variety of sulphide matrices. A high level of variability with lower than expected metal recoveries has been indicated across some of the higher grade brecciated ores. However, the dominant slatey breccia has generally provided the best results. Heavy media preconcentration testwork has been moderately encouraging and at this stage, although value adding downstream of concentrate production on-site is not seen as an economic option processing developments are being monitored on a broad front. Providing satisfactory means can be developed for handling manganese during downstream processing of the concentrate, it is not difficult to see a world-class operation emerging from the resource in the medium-term Future.

Jan 1, 1993

By Simpson D, Skopakow J

This paper is one of the series of papers relating to the Melbourne Underground Rail Loop and specifically describes the structural and architectural design of Museum Station. Structural arrangement, loads and design methods of the major temporary and permanent works are briefly described for the main station and entrance works. Planning of the station concourse area, booking halls and entrances are described together with the selection of finishes for all above and below ground areas.

Jan 1, 1981

By L Lorenzen, C Aldrich

In this paper, a neurofuzzy model is proposed for the development of an explanatory model of an industrial gold leach circuit based on historic plant data. A regression tree was used to partition the data in the predictor variable space and the structure of the tree was used as a basis for the derivation of fuzzy rules that could be integrated into a fuzzy expert system useful for operator decision support or process control. The position and shape of the membership functions were optimised with a backpropagation algorithm in a neural network framework. The approach yielded a significantly better explanatory model of the gold losses in the plant than comparable linear models. Although a regression tree could perform somewhat better in accounting for the variance of the dissolved gold losses, the tree was less robust than the fuzzy model.

Jan 1, 2007

By Lightfoot BW, Bultitude-Paull J

The Sirosmelt top submerged lancing system has many applications in the smelting of base metal and complex materials. It has particular advantages for smaller scale smelting and the treatment of recycle materials in smelters where its low capital and operating costs and its operational flexibility are of immediate benefit. The system can be fueled by oil, gas or coal, as well as by mixtures of fuels. For many applications, the use of coal as a fuel has operating cost advantages over oil and gas, but conventional pulverised coal feeding systems entail very large capital expenditure and this militates against the use of coal. The methods available for improving on conventional technology for coal firing of Sirosmelt systems are discussed and operating experience with alternative systems are outlined. The use of coal as a reductant in the Sirosmelt system is also discussed.

Jan 1, 1987

By Q Qian, M Karakus, J Wang, N Melkoumian, D Goodchild, Q Sui, C Wang

Probabilistic analysis is widely used in slope stability assessment because of its capability to take into account uncertainties associated with geotechnical parameters. There are, however, still many unresolved practical issues to the application of the method. One of these issues is the integration of assessments when multiple sets of fractures are considered for the entire slope. In the present study, this issue is addressed within the framework of Monte Carlo simulation. Probability of failure for pairs of fracture sets are assessed independently and the final assessment of the probability of failure for the entire slope is done using conditional probabilities. Prominent Hill open pit, in particular, the problematic fresh Bulldog shale formation, was used as a case study to test the method proposed. The SWEDGE program of the RocScience software package was used for the analysis.

Sep 26, 2011

By P Walton, L W. Armstrong, D P. Blair

Sydney is the capital city of NSW and has a population of approximately four million people. Eighty per cent of the cityÆs water is supplied by Warragamba Dam, which is situated some 75 kilometres south west of the city centre. A risk assessment was carried out on the dam and future predictions of water flows into the catchment area showed that there was a risk of a one in 700-year flood not being contained by the dam. The predicted loss of life and property damage warranted the construction of an auxiliary spillway on the eastern side of the existing dam to cater for any uncontrollable influx of water. A test blasting program was instigated and the blasting parameters were established that would lead to routine production blasting of the sandstone rock making it more cost effective to excavate. Blast induced vibrations were a concern to the owners and the dam wall and ancillary infrastructure was instrumented with sensitive vibration monitoring equipment during the test blasting phase of the operation. Once the blasting parameters were established from the testing program production blasting was carried out on a daily basis to maintain æstockpileÆ of fragmented ground for the excavation equipment. Blast vibration models were developed to predict vibration levels for more sensitive areas of the dam to give the operators more confidence in their operations. The blast induced vibration levels recorded did not cause any structural damage to the dam wall and the waveform frequencies of the blasting operation were much higher than that experienced during a recent earthquake. The integrity of the SCAÆs assets were at no time jeopardised.

Jan 1, 2001

By C Hertle, B Goebel, R Fabre

The mining industry maintains a ælove-hateÆ relationship with water. Dewatering, aquifer, water disposal, irrigation, process water, tailings water, run-off water, seepage, leachate and sumps are all terms that are used on a daily basis in the mining industry, highlighting the numerous water usages on site and their associated quality. According to the Australian Bureau of Statistics (2001), each year the mining industry consumes over 530 000 ML of water. The increasing recognition of water as a limited and valuable commodity, and the associated environmental concerns with the management of water disposal to the environment has led the industry into improving on-site water management. Progressively, water balance models and water reuse strategies are being developed, incorporating more sophisticated water treatment processes. By way of example, membrane technologies, once restricted to industries such as the pharmaceutical industry or the drinking water industry, are now entering the mining world with the aim of producing clean water of suitable quality for ore processing or for advanced treatment prior to release to the environment. This paper will provide a review of the threats and opportunities linked to water use and recovery/reuse in the mining industry in Australia. It will open with an overview of current water usage and associated quality for various mineral industries and continue with identifying the threats and limitations associated with the quality of available water. It will then present how newly developed water treatment technologies and assessment tools can be incorporated into the system to enhance the recovery and reuse of water on site, reduce the risks associated with securing long-term water supply and further improve production, environment and safety (health risk control).

Jan 1, 2006

By Juniper LA

ERM Consultants Pty Ltd was established in 1980 for the purpose of introducing a disciplined coal technology and power station planning service, to support Australia's efforts in establishing a major export steaming coal industry. At that time, major coal exploration programs were mounted on more than 50 potential export coal deposits with proven open-cut reserves to export 200 Mt/a of coal. The fact that Australia achieved an export trade of only 30 Mt/a, equivalent to the energy requirements for a population of around 5 million people, illustrates the very small achievement to date. The main reasons for this small export steaming coal growth have been: 1. Failure to convince potential overseas coal buyers of the benefits of coal-fired power generation, and the ability of proper power station design to overcome environmental problems, and achieve reliable operation and long life when burning Australian coals. 2. Failure to promote Australian power engineers to advise on the use of Australian coals, resulting in Northern Hemisphere power station experience dominating in market countries. 3. Failure of governments to draw on privately practising Australian power engineers and coal technologists in technical workshops, presentations and assistance to overseas countries, to ensure that personnel whose business it was to serve the follow-on needs of countries were readily available. The result of these failures has been that: 1. Only a fraction of prospective overseas coal-fired power projects have proceeded. 2. Australia has had no influence in the design of overseas power stations to ensure that potential customers would be confident that Australian coals could be reliably burnt in their boilers.

Jan 1, 1987

By E Ben-Dor, D Bakun-Mazor, Y Ben-Ari

Determining the mechanical properties of rocks is important for various civil engineering fields, including the mining of raw materials for aggregates used in the construction and paving industries. Traditionally, the mechanical properties of rocks are obtained through in situ and laboratory tests during geotechnical surveys. However, these time-consuming surveys involve many resources. In contrast, hyperspectral remote sensing methods make it possible to identify the mineralogical composition and crystallographic structure of the rock; properties that control the mechanical properties of the rocks. In this work, we characterise the mechanical properties of carbonate rocks by using a hyperspectral sensor in laboratory conditions. We collected about 150 cylindrical samples of carbonate rock, with a wide range of strength values from several rock outcrops in Israel. We used a point spectrometer in the range of 0.4–2.5 μm and a spectral image sensor in the range of 3.0–12.0 μm, scanning the samples to obtain the signature of their light reflections and spectral emissivity. We then measured the samples’ density, porosity, water absorption, and uniaxial compressive strength (UCS). We used sophisticated data mining to find statistical relationships between the hyperspectral signatures of the samples and their mechanical properties. We used this data to identify the most dominant wavelengths for predicting mechanical properties. We found that the density, porosity, and water absorption of carbonate rocks could be confidently predicted based on spectroscopy data, while the UCS of the rock could also be predicted, but less significantly. The results of the study pave the way for the development of measuring tools for the mechanical properties of rock, based on non-destructive tests of quarrying materials.

Nov 29, 2022