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Completion of a project requires two separate money-focused activities, namely economic evaluation of the cash flows underlying the project (before financing) and if the economics look promising, how it can be financed. Economic evaluation might be best led by a person with a technical-operating background, whereas financing might be best led by an accountant. Both should be presented in simple language with easy to understand models. Economic evaluation has a sad and bad history because it evolved from the fringes of accounting. Anyone can become a self-appointed practitioner. Some still take pride in mathematical complexity without realising that they distance themselves from the decision-makers and alienate other team members. Today there is no evaluation modelling consistency across the mining industry and this reflects poorly on our discipline. It is not tolerated amongst our peers in engineering and accounting. In 2009 æbest practiceÆ economic evaluation modelling is well defined. It is:easy to follow;tailored to its purpose;transparent;discipline, rigour and consistency;recording of all source data; and hencequick to audit. Mantra: If you cannot readily understand my model you do not have a problem, I do! The task of the economic model is to make the range of business cases underlying the decision easy to understand. Intellectual power is used to simplify the decision to its key issues and risks and to present the full range of possible business outcomes in readily understood terms. Project team members, management and the board must be able to make their decisions with æeyes wide openÆ. A steering committee should be established to develop a set of standards and practices that could be adopted for economic modelling within the industry. The industry needs to purge itself of the undisciplined economic evaluation modelling that now characterises the discipline.

Jan 1, 2009

By D Osborne

Current mineral extraction and valorisation activities still have a strong focus on the ‘delivered product(s)’ which might be a bulk commodity such as metallurgical coal, hematite, bauxite, etc., and mineral concentrates such as metal sulphides, oxides, and carbonates; precious metals, such as gold, silver and PGMs, REEs or battery metals; halogen salt forming elements; or industrial minerals, which are non-metals including crushed rock, sand, and gravel etc. With the current focus on tailings disposal the pushback has been to seek alternatives to the currently ‘conventional’ disposal method via increasingly higher risk tailings settling facilities (TSFs) with a changing focus towards ‘dry disposal’. Whichever option is selected, the alarming trend is the increasing cost and ESG impacts. An emerging approach is to pose a focusing question ‘Is there anything else passing into the tailings stream and/or disposable waste streams which could be recovered and pass into the product revenue stream? All of the above ‘primary’ process streams offer opportunities for increasing recovery and offsetting some of the disposal costs. Some secondary opportunities are already being pursued, such as REEs and battery metals from base metals deposits, but other opportunities are still being overlooked, such as building materials and soil conditioning pellets. These potential ‘new’ product streams can also utilise other mining and domestic wastes such as smelting slags, glass waste, plastic waste etc. This paper will address these opportunities and provide examples including process approach, economics and some of the current barriers that exist, which are holding back progress on such initiatives.

Sep 1, 2024

I know the theme of the Congress is "The 21st Century - Mining for Mankind" but I hope you will understand why my address touches upon some near-term issues as well. With the world oil market the way it is at present, "the long term" seems to be next week and no one is even sure what will happen tomorrow! So I am going to take a little licence with the theme of the Congress and talk about some fundamental issues that have much to do with the current uncertainties. The ways in which these issues are resolved and the role governments elect to play in the next few years will determine both the shape of the petroleum industry in the 1990s and beyond and the success with which we can confront a growing and inevitable future dependence on OPEC oil resources. But just in case you are not familiar with what has been happening in the petroleum industry recently and why the future seems more uncertain than ever, let me show you the gyrations in oil prices over the past 13 years, and remember that it is only another 13 years or so years to the 21st Century.

Jan 1, 1986

By Gadsden R. W

Physical and chemical requirements are defined for coke and ferrous materials used in modern high productivity blast furnaces operating in Australian conditions. Recent developments in the type of equipment required to be installed at the steelworks to ensure these requirements are described with illustrations from current plant practice provided.

Jan 1, 1976

By T Baumgartl, L Zhou, D Mulligan, L Huang

The rapid production and accumulation of mineral processing wastes in the environment can present serious threats to environmental quality and human health. Phytostabilisation with native plant ecosystems is, in many cases, a preferred option for rehabilitation of mine waste storage facilities. However, much of the literature has focused on species selection in short-term experiments to test their suitability under the often extreme chemical conditions in the wastes without addressing the fundamental requirements – ie hydrogeochemical stabilisation and functional root zones. As a result, successful examples of phytostabilisation of mine wastes such as base metal tailings have been rare, especially if success is defined as meeting the completion criteria of non-polluting and sustainable land system at rehabilitated sites. Conventional capping options to isolate reactive tailings/wastes by using physical break and/or sealing layers are often not reliable in the long term (particularly under semi-arid climatic conditions) and, in many cases, they may not be feasible in the field due to the large areas to be covered and the lack of adequate suitable materials at mine sites. By using sulfidic tailings as an example, we have proposed a new paradigm for phytostabilising mine wastes – ecologically engineered pedogenesis in tailings involving accelerated physical, chemical and biological weathering of tailings minerals to achieve hydrogeochemical stabilisation and the development of soil functions, soil horizons and functional root zones.Ecologically engineering functional root zones firstly requires controlling geochemical reactivity in the wastes (ie hydrogeochemical stabilisation), which can cause polluting effects in the root zone and plant toxicity. By means of ecological engineering, in situ weathering of primary minerals (eg pyrites) in tailings may be accelerated by adding functional materials (eg functionalised biochars and organic matter) in the waste slurry during the process of deposition. This will remove or diminish key risk factors (eg potential acidity in tailings and elevated soluble heavy metals) in the solid phase, before placing growth media for reconstructing root zones and transplanting/sowing target plant species. However, much of the acidity, soluble metals/metalloids and other salts would be transported out of the solid phase into the wastewater, which can be addressed by on-site water treatment facilities during mine operation. The trajectory and state of engineered pedogenesis in the weathered tailings may be manipulated to provide specific soil horizons within future root zones that are dynamically evolved toward fully functional soil subsystem within rehabilitated plant ecosystems.CITATION:Huang, L, Baumgartl, T, Zhou, L and Mulligan, D, 2014. The new paradigm for phytostabilising mine wastes – ecologically engineered pedogenesis and functional root zones, in Proceedings Life-of-Mine 2014 , pp 663–674 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Jul 16, 2014

We often read and hear, especially in the United States, that we are running out of critical metals. These are vague forebodings of stagna- tion or winding down of our civilization. Our technological progress has been rapid in the last 50 years and is still advancing at an accelerated rate, and predictions of its long-term impact on consumption and production of metals are more hazardous than ever in the light of the great economic and political shifts that are bound to continue. There are many factors that will have a hardly predictable but profound effect on pro- duction and consumption of metals over a time span of, say, 25 years. Among such factors are recycling, substitution, availability of capital, direct involvement of governments in financing and production, and the capability of producing much lower grade ores at possibly much higher prices relative to costs in the event of scarcity. I must state at the outset that my discussion of this topic does not take into account the role that deep-sea nodules containing copper, nickel, cobalt, and manganese may play, because I don't believe production from these deposits will be of much significance within the 25 year span I will be discussing.

Jan 1, 1978

The Australian Mineral Industry's growth in the last two decades is directly related to the skill and experience of its consultants in mining, metallurgy, geology, finance, management, marketing, and engineering. The role of mining consultants needs to be re-examined, so that the quality of the service they deliver will continue to be adequate for the 1990's. One means of this evaluation is by examining Case Studies in the strategies and difficulties of developing contract and entrepreneurial research.

Jan 1, 1986

The ore deposits investigated are composed primarily of hcmatite and can be grouped into three categories depending on the amount of leaching of silica and carbonate which has occurred from the original iron formation, and on the amount of recrystallization of the hematite. Minor constituents are magnetite. goethite, and quartz.Texturally. there are five different types of hematite, formed at different stages during the genesis of the ores.These are1. anhedral hematite grains formed by recrystallization of hematite already present in the original iron formation.2. hematite formed by martitization of euhedral magnetite, 3. massive aggregates of fine- to medium-grain hematite formed by recrystallization of (l) and (2).4. tabular or prismatic hematite grains occurring around the boundaries of the massive aggregates or martite euhedra. and in fractures and5. specular hematite. which is present in fractures in ore types (l) to (4).Minor and trace-element analyses, determined using an electron-probe microanalyser. indicated that only silica (less than 0·01 per cent) and cobalt (less than 0·002 per cent) were present in the magnetite and hematite from unaltered iron formation and in the hematite from the ores. Low concentrations of trace elements are typical of magnetite in ores formed as marine precipitates. On the basis of the analyses alone. it proved impossible to distinguish between the five hematite types. A determination of the variation in rare-earth trace element contents between iron oxides in the iron formation and iron oxides in the ores indicates that the rare earths were depleted during ore formation. A possible explanation is that they were removed in solution with silica as it was leached from the iron formation.

Jan 1, 1971

The success of any industry depends on the planned integration of the policies and resources of the key components of the Australian economic and political structure - government, industry management, education, research, and the human resources of the industry. The Australian Mineral Industry, like Australia itself, has grown and developed at a rate not foreseen by many of our founding fathers and early industry leaders. Hence, now, as we approach the 21st Century, we need to re-think our approach to the significant new problems that are beginning to face both government and the Mineral Industry. Government initiatives, government information and support services, industry re-structuring, and research and development support, need to be carefully re-evaluated, re-diredted,. and strengthened, so that government, the community, and the Mineral Industry produce and receive the optimum education and research strategies and services. The support of academics and researchers, the development of facilities, and the design of new Courses for the future successful and beneficial exploitation of minerals need particular consideration.

Jan 1, 1986

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

The AusIMM came into being to foster the spread of professional knowledge within its client industry. It has evolved along with the Australian mining industry for more than a century. If the AusIMM is to become the world's premier mining professional body (whether by design, or by default), then draw up a strategic plan to get there. Define your strengths and market them Define the priority areas for professional competence which we most need, Target the groups within Australia who can produce the people, Create an industry peer group to speed technology transfer.

Jan 1, 1994

The process selection and design aspects to treat primary ore in a new carbon-in-pulp (C.I.P.) plant while utilizing, where possible, existing equipment and infra- structure are discussed. The existing crushing plant, water supply, reagents, laboratory and infrastructure facilities from the heap leach have been upgraded and expanded to meet the C.I.P. plant requirements. The new power supply is from the North Queensland grid system. A series of metallurgical tests was carried out and a review of the data showed that the primary ore was amenable to conventional cyanide leaching. Following feasibility studies, a new process plant which included grinding mills, leaching, and adsorption tanks, thickener, desorption and gold roam facilities was constructed.

Jan 1, 1989

Digitally enhanced Landsat MSS images are being used'in delineating the structural and tectonic features in the Arabian Shield as part of a project funded by King Abdulaziz City for Science and Technology (KACST) of Saudi Arabia. The delineated features together with statistical modeling and structural analysis are to assist in an improved understanding of the evolution and mineralization of the Arabian Shield. Specific emphasis is to be given to relating the extracted linear features to the location of known mineral occurrences and areas of potential geologic hazards. A number of textural (spatial) and spectral enhancement techniques have been applied, to the MSS data covering selected areas, in selecting the most optimal enhancement product for visually delineating the structural geologic .features.

Jan 1, 1988

Until recently, nickel laterite projects have been largely ignored, due to their supposedly higher treatment costs compared with sulphides, and to their perceived processing difficulties. A number of laterite projects in the 1970s were abandoned because of high capital and operating costs, while others experienced severe technical difficulties. Conventional wisdom had it that laterites would not be exploited until most of the sulphide orebodies had been depleted. Why then, have Australian mining and exploration companies started a resurgence of interest in the treatment of nickel laterites? It all began with the Bulong project, which has been under study since 1987, while more recently two further projects, Murrin Murrin and Cawse, have been initiated and are being fast-tracked to take advantage of the current high nickel and cobalt prices. A further project in NSW, Syerston, has also been investigated at bench-scale, but no further development has yet been announced. All these projects have the following advantages: 1. Good location near a major mining centre and,reasonably close to power, water, roads, accommodation and a developed service industry. 2. Straightforward, low cost mining. 3. Low cost of acid or sulphur. 4. Good to very good cobalt credits. In addition, there have been significant technological developments in the design and operation of high pressure autoclaves and high rate thickeners, as well as solvent extraction and electrowinning technology. This has helped to decrease capital costs and technical risks, and has allowed the development of alternative flowsheets to the existing laterite operations (Taylor, 1996).

Jan 1, 1996

By Percival T. J

Precious metal deposits containing fine-grained disseminated or dispersed gold-silver form by reactions between metal-bearing hydrothermal fluids and sedimentary host rocks. Host rock permeability and chemical composition exert a primary influence on the fluid movement necessary for any primary dispersion halos to form around ore bodies, and determine whether a disseminated style orebody itself will even form. Where the mineralized rocks are relatively unfractured the margins of the orebodies exhibit abrupt decreases in gold content, and strong corresponding decreases in the contents of other metals. Primary dispersion patterns of this type are difficult to recognize and commonly are only a few meters (or less) in width. If the host rocks were well shattered and broken before mineralization, remnant amounts of the hydrothermal fluids may be dissipated in fractures lateral to or above the ore zones. This causes geochemical anomalies to form with clays and silt- size silica within the fractures over distances of up to at least 30-50 meters away from the main orebodies. The tendency for large primary dispersion halos not to form around these deposits explains the disappointing results from so many drilling programs where no multi-gram gold-grade material was even found: if large areas and apparent large volumes of rock contain one gram or less gold that likely is the "orebody" and not a halo effect around high grade mineralization.

Jan 1, 1988

By J van Niekerk

The BIOX« process for the treatment of refractory gold ores and concentrates has been commercially in operation for 18 years. A total of six BIOX« operations have been successfully commissioned since the commercialisation of the process. Four of these BIOX« plants are still in operation today. There has been a renewed interest in the process the past few years with two BIOX« plants, the Suzdal plant in Kazakhstan and the Fosterville plant in Australia, scheduled for commissioning during 2004. Four new projects are also in various stages of development and are currently scheduled to be commissioned during 2005 and 2006. Research into the process are currently focussed on the two highest operating cost items for the commercial operations, namely power for agitation and air dispersion and cyanide consumption during leaching. Laboratory aeration and agitation testwork using the A340 up-pumping agitation system has shown that similar mass transfer rates can be achieved at slightly higher agitator power. The up-pumping system, however, eliminates the need for a separate blower and sparger system as air is introduced into the slurry from the slurry surface. The use of the thermophile bacteria as the final oxidation step during biooxidation has shown great promise. Reductions in cyanide consumption of up to 50 per cent were achieved when using the combination mesophile and thermophile process compared to standard BIOX« product solids. The combined process takes advantage of the milder oxidising conditions of the well known BIOX« process for the bulk of the oxidation and then uses the high temperature thermophile bacteria to complete the oxidation. The ASTERÖ process for the biological degradation of cyanide and thiocyanate containing effluent solutions has been proven to be efficient and stable. The process uses an activated sludge system with a residence time of approximately six hours in the sludge reactor. Heavy metals and metal cyanide species have also been shown to be removed successfully from solution.

Jan 1, 2004

By Harrison J

The correct selection of equipment to use in a mine is a problem which constantly faces the mining engineer. In some cases a wide choice of equipment with different operating characteristics is available. If this equipment is to be used to assist in moving the ore it may be possible to build a computer simulation model to predict how it will perform. Typical problems that lend themselves to this type of analysis are presented. The computer models are constructed using a recent form of the GPSS computer language, namely GPSS/PC for the personal computer. This language allows the programmer to construct models in a very short time and at a low cost. Of great importance is the easy way in which it is possible to change the models to answer any of the "what if?" questions the engineer may pose.

Jan 1, 1987

Carbonate replacement tin deposits in the areas studiedhere are genetically related to biotite granites. Biotite in the granites is distinguished by distinctive compositional features. High MgO content is found in biotite in the Renison Bell granite; high MnO and A1203 contents in the Gejiu granite; and high FeO content in the Xinlu granite. The compositional features of biotite in the granites are reflected in skarn minerals formed around the granites.Granites associated with these tin deposits are characterized by different accessory minerals. Magnetite-bearing granite in the Xinlu deposit is related to the andraditic garnet (andradite 40-45 mole%)-hedenbergite skarn, with tin mineralization occurring in the contact skarn only. The sphene-bearing granite in the Gejiu deposit is related to the grossular garnet (grossular 50-60 mole%, almandine 20-30 mole%) -salite skarn, with tin mineralization occurring in the contact skarn, as well as stratabound replacement orebodies in the distal skarn. The ilmenite-bearing granite in the Dachang deposit and the Renison Bell deposit is related to the grossular-diopside skam, with tin mineralization occurring 500-1500 metres vertically and 1.5-3 km horizontally away from the granite contact.

Jan 1, 1990

The carbonatite-hosted apatite deposit at the Cajati open pit mine in the Jacupiranga igneous-carbonatite complex is located in south-eastern Brazil. The major styles of apatite mineralisation include veins or veinlets, small pods or patches, disseminated apatite and locally massive aggregates. The metallurgical concentration of the apatite is accomplished by grinding the carbonatite, removal of magnetite with a magnetic drum, size classification with cyclones and flotation to suppress carbonates and collect apatite. To examine the character of the apatite grains and to apply those observations to apatite beneficiation, specimens of carbonatite were collected from recent exposures in the mine and from selected drill holes. This study utilised a variety of microscopy methods, including transmitted and reflected light, cathodoluminescence (CL) and scanning electron microscopy with wavelength-dispersive spectrometers for mineral compositions. It was found that LREE, Na and Sr are the main elements replacing Ca in the apatite, with relatively low oxide contents (<0.5 per cent, but up to about one per cent for Sr). LREE and Sr contents consistently increase in the latest intrusions (C4, C5 and SP24). Chemical and morphological modifications of apatite were recognised to be related to detrimental effects on flotation recovery. Three examples illustrate this relationship: 1.  Apatite with reddish CL is fractured. Locally that apatite exhibits no CL due to CL quenching caused by iron entering the apatite structure.2.  Apatite from the xenolith-rich area exhibits abundant fine, platy silicates that appear to interfere with flotation and lower apatite recovery.3.  So called æhardÆ apatite, which is more difficult to grind, occurs in an area in the mine that was affected by hydrothermal activity. That activity is evidenced by the development of a bright, white CL rim in the apatite, and by the presence of late veins of carbonates and sulfides that fill fractures and appear to contribute to higher cohesiveness of those apatite grains.

Jan 1, 2008

The Joint' Venture Method is a procedure for assessing the value of exploration properties, particularly those for which resources have yet to be delineated. It aims to convert the terms of an actual or synthetic joint venture into the equivalence of an arms- lengths cash transaction between a willing seller and a willing buyer. This paper sets out one approach to achieving that conversion. It discusses both simple and complex cases and gives some examples from both public and private documents. It also includes some case studies in which the Joint Venture Method of valuation can be compared with values derived for the same project using other methodologies including actual cash deals. The Method has failings in both mathematics and logic. However because it does reflect or simulate an arms-length deal which takes into account past exploration effort and expenditure and an assessment of prospectivity at a particular point in time, it is felt that it can provide a reasonable approximation of trade value or asset value of a prospect, particularly if used in conjunction with other methods.

Jan 1, 1994