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The mining industry is generally regarded as a high risk industry, mainly because of the difficulties in estimating the tonnage and grade of mineral resources, the fluctuations in metal prices, mining problems and other problems which occur with mining in offshore and remote locations, such as appropriation or disruption to supply. As a consequence, finance providers require a high reward from mining projects. In the past two decades, the development of "mega" projects has led to the packaging of the finance becoming more sophisticated. Some would see this move as a measure of the evolution of banking rather than an intrinsic facet of mining finance itself. Project financial managers now require a thorough knowledge of all the financial tools which are available and have to be aware of the funding options so that they can put together a finance package which minimises the cost of the financing with the risk spread adequately between the partners of the financing. The different sources and types of finance for mining projects are described herein along with the factors which determine their costs. To understand the ramifications of financing mining projects, it is essential to appreciate the fundamental difference between debt and equity, which illustrates the importance of gearing. Costs of finance are determined by the interaction of supply and demand forces. Bankers and other financiers have become more adept at isolating a wide selection of risk elements and have devised a formidable range of insurance mechanisms. There is still a lot of money looking for good project risks and if a good project is properly presented and structured, financing can be obtained in today's market.

Jan 1, 1990

Research of 200 m3 Self-Suction Flotation Machine

Sep 13, 2010

Gippsland has perhaps the most colourful history of exploration of any area in Australia. Hydrocarbons were first discovered in the Gippsland Basin in 1924 when a water well at Lakes Entrance encountered oil and gas shows. In 1942, the Commonwealth and Victorian Governments, in an effort to supplement a wartime oil shortage, sank a shaft near this well and produced 8000 barrels of low gravity oil up to 1956, when the field was abandoned. A total of 64 shallow wells had been drilled in the Lakes Entrance area by that time. Elsewhere in the onshore Gippsland Basin, 30 wells were drilled from 1925 to 1941. In 1960 BHP Ltd was granted an exploration permit covering much of the offshore area of the Gippsland Basin. Esso Australia Ltd joined BHP in 1964 and drilled the Barracouta-1 gas discovery in 1965. Since then over 100 exploration and appraisal wells have been drilled in the basin resulting in the discovery to date of some 3.6 billion barrels of recoverable oil and 8.8 trillion cubic feet of recoverable gas (Current remaining recoverable reserves are 906 million barrels of oil and 5.7 TCF of gas). Exploration in the offshore areas is actively continuing today and new discoveries are still being made.

Jan 1, 1992

By A H. Clemens, P Lindsay

Acid producing potential static tests have been undertaken on sample lithologies from New Zealand coal mines, to rank the lithogies into acid producing waste rock and stable non-acid producing waste rock. Results indicated that the main acid producing waste rock in the Waikato coal region are the marine Whaingaroa siltstone and the Glen Massey formations and the main alkaline producing lithologies were the Tauranga group volcanic-derived sediments (A & D) and the Mesozoic basement. Coal ash analysis of 28 samples from 28 mines have also been analysed for reactive S percentage and their base potential has been quantified by the chemical index of alteration (CIA). The results provide mine management in the Waikato Coal region with a classification of problematic and stable waste rock types. XRF and CIA values determined from wash drill cuttings would provide a method of determining waste rock volumes and magnitude of palaeo-weathering underground.

Jan 1, 1999

By A M. Hagni

Certain copper ores from the Nchanga Copper Mine in the northern Zambia Copperbelt are refractory with respect to conventional beneficiation techniques. This paper reviews recent study of those ores to determine their mineralogy, textures and nature of copper occurrence. Two suites of refractory ores were selected for study: 1.  samples of stockpiled ores from an open pit, and 2.  drill core samples from copper ores. Both sample suites are from the upper orebody at Nchanga and contain about 0.3 - 1.4 per cent copper as determined by atomic absorption, but they represent separate stratigraphic, mineralogical and beneficiation problems. Ore microscopic examination showed that fine-grained copper sulfides are totally lacking from both suites of refractory ores. Petrographic study found malachite in the refractory ores from the open pit, but that malachite probably is post-mine. The opaque mineralogy of the open pit refractory ores is dominated by goethite that occurs mostly as pseudomorphic grains after pyritohedral pyrite crystals that average 200 - 250 ¦m across. Haematite occurs as bands within or as outer shells of the goethite grains. Additional goethite occurs locally as finer-grained areas of exotic goethite. The opaque minerals in the drill core refractory ores are dominated by euhedral ilmenite crystals about 50 - 175 ¦m long. Anatase is the dominant opaque mineral in some drill core samples where it is largely pseudomorphic after ilmenite crystals. Goethite accompanies malachite in unusual drill core refractory ores that have experienced intense hydrothermal alteration. Thus, ore microscopy and petrography showed that fine-grained chalcopyrite and bornite and pre-mine malachite were not the causes of the refractory nature of the ores studied. Electron microprobe revealed that most of the copper occurred in solid solution within micas. Application of automated SEM techniques has provided a detailed understanding of the distribution of copper in these refractory ores.

Jan 1, 2008

Although these subterranean cavities are common to the Broken Hill big lode, yet the Broken Hill Proprietary is the most prolific in their occurrence, loud they have been found of various dimensions almost from the surface down to the lowest levels yet attained in that mine. Many of these vugbs have contined valuable silver, copper and lead deposits, and some have been remarkable for the beautiful forms of crystallization pendant from the roofs and walls, and collected on the floors. The question arises, How are these caverns and fissures in the ore body formed? There are numerous theories more or less feasible, but that the causes are variant is demonstrated beyond doubt. That water in its passage leaving channels, is one ofthe chief factors for their production is assured, and their presence is likewise due to the shrinkage and dropping of the earth from varions causes, to the deposition of material forming ledges overhanging, and thus leaving spaces below, and also to chemical erosion and electrical action both of which latter are constantly at work in reconstructing, segregating and dissolving tlie mineral and metallic constituents of all ore bodies.One of the most remarkable vughs yet discovered in the big mine was that opened up about three months bitek in the' heart of the ironstone body on Block 11, and located about 40 feet below the 100 feet level of Weatherley's stopes, but now destroyed in the progress of work. Probably it was caused by chemical action, the eating out, so to speak, of a soft and soluble portion of the manganic iron, leaving a,hollow about 15 feet long, with a width and height, of say, 6 feet, carpeted with beautiful zinc with a modicum of limeincrustations, apparently produced by the percolation from around the carbonate waters holding these minerals in solution. This cavern was divided into, what might be termed, a double chamber, by big boulders of manganic iron, also coated with an aggregation of small crystals of zinc and lime although the actual proportion of the latter was not determined.

The use of solid state detector and radioisotope x-ray source for x-ray fluorescence analysis is illustrated by analysis for iron, copper, zinc, tin, and lead in about 700 samples taken from Australian mineral process streams. Limits of detection based on counting statistics (3 standard deviations) range from 0·001 to 0·004 per cent by weight element. The analysis accuracy was usualIy between 2 to 10 per cent (rms) of the mean element concentration and was determined by comparison with assays supplied by mineral companies. In most cases the main cause of error appears to be due to this assay and not the x-ray fluorescence technique.Some potential fields of application of solid state detector and radioisotope x-ray source for analyses in the mineral industry are indicated.

Jan 1, 1974

Upgrading of a Flow Sheet Selection PC Algorithm for Refractory Concentrates Treatment

Sep 13, 2010

By Warren L. J, Horsley R. R, Meagher L

Mineral concentrators often use process water that is very saline and/or hard. In this paper the effect of increasing concentrations of sodium chloride and calcium chloride on the rheological properties of 70 wt% quartz suspensions (d5o - 10.6 ¦m) is reported. The apparent viscosity at 100 s t in 5 mol dm -3 sodium chloride solutions (approx. 300,000 ppm) was nearly 500 times the viscosity of water without salt or particles present. Part of the increase in viscosity is caused by aggregation (coagulation) of the suspension.

Jan 1, 1989

On the basis of field observation, four principal styles of hydraulic breccia are recognised, and their characteristic features noted. In practice, hybrid styles are most commonly encountered. Numerous examples will be illustrated during the oral presentation, and the potential for definition of a formative environment is emphasised. In one example presented, it is suggested that more than 50 episodes of hydraulic fracturing can be recognised. In all cases at least sane useful conclusions can be drawn in the context of modeling for drill targets.

Jan 1, 1987

The results of self potential geophysical surveys conducted over base metal prospects near Orange, Goulburn, and Wellington, N.S.W., indicate that this rapid and inexpensive exploration procedure merits wider application within eastern New South Wales, and in similar environments elsewhere.

Jan 1, 1973

By Richards S. M

The abundances and abundance relationships of lead, zinc, copper and silver in the major sulphide lenses at Broken Hill are examined, and their possible geochemical significance discussed.When expressed as atoms per cent, zinc is the most abundant base metal throughout the whole .group of orebodies, the highest average lead: zinc ratio (No. 2 lens) being about 0·45, the lowest (No. 1 lensZinc Lode group) being in the 0·12-0 ·14 range. Lead and silver are clearly higher in the lower two orebodies, but the abundance of zinc shows no apparent relationship with stratigraphical position. Among the base metals copper is conspicuously low and remarkably uniform, a feature noted in other conformable orebodies.Although, as has been recognised for many years, abundances of silver and lead, and lead and zinc, are sympathetically related, correlation within the pairs is variable and generally of low degree. Silver and lead show distinctly the better correlation, particularly in No. 3 lens. On the basis of lead: zinc ratios, No. 2' and No. 3· lenses, on the one hand, and the No. 1 lenses, Rhodonitic and Siliceous Zinc Lodes on the other, constitute two groups. However on the basis of silver : lead ratios, No. 3 lens stands alone, No. 2 lens showing clear affinities with the higher layers. Ternary relationships between copper-zinc-Iead and silver-zinc-Iead emphasize the very close constitutional relationship between the No. 1 lenses and the two "zinc lodes".The possible implications of these relationships are then discussed in the light of the' two principal theories-hydrothermal replacement or chemical sedimentation-held for the formation of the Broken Hill ores. It is pointed out that the ratios of the four metals in the ores are rather different from those found in most igneous and sedimentary rocks, and in seawater. For 'example, whereas copper and zinc are present in almost equal amounts in most terrestrial materials, copper in the ores is only about one-hundredth of the amount of zinc. Lead has increased somewhat, but the ratio of silver to lead has fallen; in spite of its recognition as a source of silver, the Broken Hill lode is impoverished in silver with respect to lead as compared with most common terrestrial materials.No solutions are offered to these prob'lems of abundance. Rather it has been the aim of the work to provide data, and to demonstrate the...

Jan 1, 1961

By T Gill, A Faragher, B Scott, V Kakebeeke

In 2000, after six year intensive exploration for high-grade haematite deposits, Rio Tinto included the channel iron deposits (CID) as a specific iron ore target in the Hamersley Province iron ore exploration program. The exploration model was simple and based on the then current understanding of CID genesis. Fundamental to the model was an interpretation that CID deposits after their final accumulation stage could be entirely concealed in their channels. Inversion to mesas and therefore exposure of the CID profile would only occur in areas where the modern drainages follow the ancient and have significantly incised their current bedrock. The model took encouragement from observations at Bungaroo Creek, where large CID accumulations occur in a deep valley incised in the Wittenoom Formation concealed below recent valley fills derived from the surrounding BIFs. Also, in the headwaters of the Yandicoogina system CID occurs below a more recent cover of calcrete and clay. After a number of failed or partially successful attempts, exploratory drilling in 2002 in the Caliwingina valley in the northern Hamersley Range identified significant CID mineralisation. Subsequent drilling programs from 2003 onwards revealed the presence of a large CID system, which stretches from the middle reaches of the Caliwingina Creek to deep under the sediments of the Fortescue Valley, a channel length of more than 30 km. Although the drilling is still somewhat sparse, the geological resource estimation suggests that Caliwingina is presently the third biggest CID system of the Pilbara (after Yandicoogina and Bungaroo Creek) and is of comparable size to the premining Robe River system (1.6 Bt), with comparable Fe-grades to the Yandicoogina global resource grade (57.7 per cent Fe). Large detrital and canga deposits overlie the Caliwingina CID, or interfinger with it, and although the economics of these are presently unfavorable, could ultimately present a low-grade iron resource of slightly smaller size to the CID mineralisation at Caliwingina Creek. Together with the recently discovered Serenity and Solomon deposits, as well as Cabbage Gum Bore and other smaller occurrences, the Caliwingina Creek deposit is part of a major new CID district in the central Hamersley Ranges, approximately halfway between Yandicoogina and Robe River. Although exploration in this new district is still underway, the preliminary indications are that this area will provide a total CID resource well over 3 Bt, and is on a par with the major known CID systems in the Hamersley Province.

Jan 1, 2009

By A. J. MOORE

When the writer first saw the square-set timbering, he was at once impressed with the fact that the frames made by the sets, along the lode and across it, were composed of panels with rectangular openings, and it was puzzling to understand howsuch a collapsible construction could resist pressure that came unevenly on it. Later he learnt that the sets did not satisfactorily resist such pressure, but mullock filling had, to a great extent, to undertake this duty for them. So it appeared that the setswere practically an expensive scaffolding, enabling the miners to work in the face and carry the stope forward, till the filling was put in behind them to take the pressure of the roof and sides of the excavation. Of course some of the pressure is takenby the sets, but this is because "the set timbers prevent the filling being done perfectly; if it were practicable to remove the sets before filling, the filling by itself would more effectively support the back and wall, than do the combined sets andmullock. On the whole, therefore, the sets can hardly be said to be of much benefit where pressure has to be resisted. Despite this, the system has been of immense service in mining wide lodes, but for all that, it can only be pronounced a makeshift.This is no reflection on Deidesheimer, the famous originator of the square set, for, as will be shown later on, this way of...

Jan 1, 1912

SEVERAL serious accidents, which had occurred owing to the platman leaving the plat without first withdrawing the "chairs" from the shaft, set the writer scheming to devise a mechanically operated system which would obviate such accidents and be "fool-proof". It was obvious at the outset that some means of indicating to the engine-driver by the movement of the "chairs" themselves, whether they were "in" or "out" of the shaft, was necessary.An arrangement of signalling similar to railway semaphores was considered, but was rejected owing to the difficulties accruing from the large number of communicating wires which would be required down the shaft-viz., 2 for each level. After several experiments, a comparatively simple and efficient electrical system was devised, and which is covered by Commonwealth Patent TO. 10,402.One of the chief features of the apparatus is its simplicity, and its strongest point is the fact that both the engine-driver and platman receive visual indication of the position of the "chairs." The arrangement consists of a miniature coloured glow lamp, one for each level of each shaft compartment, arranged and placed beside the numbers and arrows corresponding to the various levels, on the winding engine indicators. Also a large indicating glow lamp is installed at each compartment in the various levels, in proximity to the levers for operating the "chairs." Upon operating the various levers for the "chairs," an electrical current...

Jan 1, 1909

Laboratory flotation tests on sized fractions of a certain number of selected minerals with homologous fatty acid derivatives (i.e. sodium salts and amine acetates) confirm that the higher homologues are more efficient collectors than the lower. Tests were carried out on sized material and finer size fractions floated at lower collector concentrations.It is suggested that selective flotation is best achieved with the reagent which most readily floats the most friable mineral in the ore, and that grade of product will be improved with the lowest usable homologue.INTRODUCTIONFlotation of non-sulphide minerals with fatty acids as collectors is usually less selective than the flotation of sulphide minerals with xanthate collectors. It is common to use the gradation in collecting power of homologous series of xanthates, as well as the more specific effects of activators and depressants, to achieve the separation of sulphides.The original aim of the work was to ascertain whether sodium salts of fatty acids (anionic) and fatty amine aceta:tes (cationic) could be selected from a homologous series to achieve better selectivity in separation of nonsulphide minerals by flotation. Subsequently the importance of friability of minerals in selective flotation was observed and the aim was expanded to develop a more practical approach to the testing of ore.MATERIALS USEDMineralsA series of massive mineral specimens, as pure as could be obtained, was procured. The specimens were cleaned by removing extraneous material, and then crushed and dry...

Jan 1, 1965

THE treatment by chlorination of the Mount Morgan Gold Mining Company's ores was first accomplished, early in 1886, by a works having a capacity of 25,000 tons per annum. Shortly afterwards another works was established, capable of dealing with 50,000 tons per annum. The extraction of gold was originally successful and satisfactory, but running expenses were high, averaging £2 19s. 6d. per ton of ore treated. These works were believed to be the largest chlorination pJants in the world at that time. As might have been expected, the mechanical details and chemical process had not been perfected, and, moreover, both works were hurriedly built, and operating expenses were not then considered of such prime importance, as the ore at that time was of very high grade the large quantities of low grade ore since dealt with not being then considered, since the bulk of it was not even known to be in existence.These two works consisted of lock-breakers, high speed rolls, screens, elevators, &c., for crushing; a large number of small handrabbled reverberatory furnaces for roasting; one-ton chlorination barrels and three-ton leaching vats for chlorination.

Jan 1, 1910

By Edwards A. B

The occurrence of lollingite (FeAs2 ) in the Broken Hill lode is recorded by an analysis of lollingite published in the Annual Report of the Department of Mines, New South Wales, for the year 1934 (p. 69). The analysed specimen came from the North Broken Hill mine, and material from the same occurrence (Specimeh No. 1), as well as two specimens (Nos. 3 and 4) from the Zinc Corporation mine, have been forwarded· to us by Mr. M. Mawby of the Zinc Corporation Mine. This material has been supplemented by another specimen (No. 2) from the Zinc Corporation mine, passed over to us by Dr. I. Wark.The original analysis of lollingite is quoted in Table I, and shows that the Broken Hill lollingite contains appreciable amounts of cobalt and nickel, and, indicates that the iron is to a considerable extent replaced by cobalt and nickel, so that its formula should be written (FeCoNi) As2This is supported by a microscopical examination of a polished surface of the lollingite, in which no individual arsenides of cobalt and nickel can be detected.Coarse grained galena, sphalerite, chalcopyrite, and pyrite are attached to our specimen of lollingite from the North mine, and are separated by a sharp junction from a mass of lollingite associated with some arsenopyrite and garnet. The massive lollingite can be distinguished from arsenopyrite in the hand specimen by a much brighter, silvery lustre, against which arsenopyrite appears a dull silver grey; but the passage from lollingite to arsenopyrite appears transitional.

Jan 1, 1939

By Prosser A. P

The conditions under which vanadium is rendered insoluble by silica in the alkali-roast process have been investigated starting with both slag and reagent-grade materials. The inert phase is a glass formed slowlyfrom soluble NaV03 produced at lower temperatures. It contains approximately 30 per cent V in a partly reduced state; iron is not a principal component. Some of the vanadium in the inert phase is slowly returned to a soluble form by heating in an oxidizing atmosphere below the temperature at which the glass is formed (750°C). As the reaction leading to the required, soluble form of vanadium is also slow between 600 and 750° optimization and control of the temperature profile and atmosphere in the furnace, and the residence time of the solids, are necessary to ensure high vanadium extraction during subsequent leaching.

Jan 1, 1976

By Matthew I. G

A new process for leaching zinc sulphide concentrates with gaseous mixtures of SO2 and O2 in aqueous solution is described.The reaction of SO2/O2 with Rosebery, Mt. Isa, Broken Hill and Elura zinc concentrates yields zinc and iron sulphates, elemental sulphur and some sulphuric acid. Rates of zinc extraction are controlled by a surface chemical reaction without apparent interference from the elemental sulphur layer for SO2 concentrations up to 9 per cent in the gas phase. Pyrite in concentrate exerts an activating effect, possibly through galvanic interaction with the sphalerite. Metal extractions are dependent on SO2 and O2 tenors of the gas, particle size, and the acidity and zinc content of the solution, but are independent of the ferric ion level. Extractions also reach maxima at about 85°C.Generation of acid may be prevented by conducting the reaction in the presence of ferrous iron and at acidities of 40 g/l or greater. Zinc and iron levels in Elura lead concentrate may be reduced by leaching with SO2/O2.

Jan 1, 1981