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Valuers of mineral properties should be aware that accountants are a major user of their opinions of value. Reliance by accountants can range from obtaining comfort that book values in balance sheets are not overstated to establishing values by which to assess the fairness of a takeover offer. Accountants using mineral property valuations clearly can't be expected to have the same level of expertise as the valuer and ""second guess"" the valuation. But they do have an obligation, under the ASC guidelines and their own professional standards, to'check the logic and reasonableness of the valuation before being able to rely on it. This means reviewing the valuation report for general sensibility, discussing the methodologies and assumptions with the valuer and being satisfied as to his competence and independence. This paper outlines how accountants use mineral property valuations, the level of scrutiny applied to such valuations and the problems commonly encountered in practice by accountants seeking to rely on them. The paper also explains how values of-mineral properties are established in company balance sheets and why these often differ, quite validly, from fair market values.

Jan 1, 1994

Commercial explosives range from pure emulsions to pure ANFO, with blends of these providing interesting alternatives: energy is often adjusted through addition of aluminium, or the control of density. The energy rating of explosives is derived chiefly from detonation codes, which are used to derive expressions for the internal energy change of the detonation products as they do work under expansion. While all codes used for this purpose work on the basis of Ideal detonation, it is common knowledge that commercial explosives operate in the Non-Ideal domain, which affects the mode of energy delivery to the environment. However, since Ideality represents the foundation from which actual performance evolves, it is valuable to examine the intrinsic energy release of a formulation before attempting to understand the influence of Non-Ideality. In examining the Ideal pressure profile of fundamental formulations, remarkable correlation has been found with field performance, and this increases understanding of the influence of various formulation modifications, especially in regard to the stage at which energy is released, and the effect on rockbreaking. This work has emphasised the value of attempting to understand and define better the non-ideal detonation process.

Jan 1, 2001

By R Valenta, A Littleboy

Geological heterogeneity is one dimension of complexity in mining. Significant effort is put into developing an understanding of this complexity so it can be used in resource estimation, mine planning and economic modelling. However, over the decadal lifespan of a mining venture, many other dimensions add to the complexity of a mining operation. These include: technological evolution, market fluctuations; investor confidence; social norms; local expectations; and ecosystem functionality. As with geology, these factors are all heterogeneous, uncertain, time varying and represented through sparse and incomplete datasets. Recent work (Valenta et al) is beginning to show us how these risks correlate in different global settings. By analysing data relating to known, but as yet undeveloped copper deposits, this work (the complex ore body database) is demonstrating that it is the combination of issues (both price sensitive and non price-sensitive) that determine the viability of a deposit for extraction in the 21st century.CITATION: Littleboy, A, Plint, N and Valenta, R, 2018. Mining as a complex system: do we need a new model?, in Proceedings Complex Orebodies Conference 2018, pp 41–43 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Nov 21, 2018

By J Finlay, P Betts, D Milton, H Williams

The aim of this paper is to present an innovative method to help delineate potential target volumes for haematite-goethite mineralisation as opposed to more magnetic ores. This is achieved through interpretation and modelling (2.5D and 3D inversions) of ground magnetics and gravity surveys over the Koolanooka South prospect in Western Australia. The targets are assumed to be dense and weakly magnetic and hosted within banded iron formation (BIF) horizons. Geophysical interpretation (2D map) was performed using a variety of processed magnetic and gravity images (Betts et al, 2007) to determine the distribution of lithologies, to understand the structural architecture and to map out any anomalous areas of excess density (possibly indicating goethite alteration). The created geological map is used to build geological cross-sections (geometrically consistent) that were modelled (in 2.5 D) against both potential field datasets. The crosssections are consequently used as the framework to build a 3D geological model. The model defines 3D volumes of rocks including several BIF horizons. The distribution of densities and magnetic susceptibilities of the BIFs is inverted within the GOCAD«-VPmg environment to reduce the misfit between the response of the model and the observed gravity and magnetics. By combining the results of both petrophysical property distribution it is possible to map out (using classical GIS type queries in 3D) volumes of higher density and lower magnetic susceptibility.

Jan 1, 2009

By Ngai WCT

Over 90 per cent of the explosives in Hong Kong are used in civil engineering works. The Hong Kong Government controls all explosives and delivers on a daily basis to each site which it has licensed. Such deliveries need to be arranged the day before actual delivery. With the vagaries of the traffic in Hong Kong, contractors do not necessarily know the time of arrival of explosives. Contractors in general would like to reduce their exposure to these potential delays and the high cost of explosives deliveries. The high population density and urbanisation means that rock blasting has to be carried out in close proximity to other property. In order to protect life, property and utilities, it is not only necessary to employ proper blasting techniques but also to adopt effective safety measures. The Route 3 Advance Earthworks project is located on the north-west corner of Tsing Yi Island, Hong Kong. It is one of the Airport Core Programme projects for the new Chek Lap Kok Airport. Secured by Leighton Contractors (Asia) Ltd in early-1992, the work commenced in May of the same year, with completion and handover to the Hong Kong Government in May 1995.

Jan 1, 1995

The correct assessment and understanding of geotechnical conditions is fundamental to mine design and, hence, successful (safe and efficient) mine planning, design and operations. However, this assessment and understanding is simply not possible unless there is a sound appreciation of the geology of the project. This paper addresses geological uncertainty in mine engineering and its communication, and shows that a mining project that does not take geology properly into account in the engineering phase is fraught. Uncertainty levels become excessive, which leads to hazards and consequential risks in design and operations in terms of both safety and efficiency. Several examples, both positive and negative, are provided to make the point. The paper concludes that mining geologists must become more overtly cognisant of the influence of geology on mine engineering. Equally importantly, mining (and geotechnical) engineers must communicate better with their geological colleagues to ensure that they (the engineers) have a clear understating of the geological issues affecting their operations. The engineers must know how to ask the right questions of the geologists. Engineers who do not understand and take account of geology in their designs and operations are failing the expectations of stakeholders.

Jan 1, 2006

Companies involved in the mining industry are exposed to risks, referred to as corporate risks, as part of the business process. Directors and management should be aware of these risks and make appropriate business decisions to address each risk. If business risks are not addressed on a timely basis the consequences are likely to be serious and will adversely impact the ultimate success of the business.The key corporate risks are:Poor cash flow and treasury management. ò Incompetent or unmotivated staff.ò Poor product quality.ò Accounting systems that do not provide meaningful and timely information.ò Computer system deficiencies. ò Ineffective credit screening.ò Assets not adequately protected.ò New ventures undertaken that are either inappropriate or not adequately researched.Exposures to corporate risk should be dealt with by Directors and management by systematically identifying major risk areas and implementing appropriate internal and management controls to deal with such risk areas. Proper management controls and procedures include the setting of overall corporate objectives and policy, monitoring adherence to such policy, establishing early warning systems to highlight problem areas and maintaining security over assets.

Jan 1, 1990

Benchmarking of mining operations has been in vogue for a number of years: it seems teams are forever flying around the world to try to understand what other operations are doing. However, unless a benchmarking exercise involves data gathering at a fundamental level and a rigorous analysis process is applied, the trip will be nothing more than industrial tourism. When benchmarking is performed thoroughly, the range of comparisons that can be made is extensive and informative, and need not be restricted to sites with similar conditions and equipment fleets. This paper describes the detailed and rigorous process for benchmarking used throughout AMC benchmarking studies. The paper demonstrates how, through drilling down to the underlying drivers, the often heard cry of æyou canÆt compare us, weÆre differentÆ can be overcome. Included in the discussion are a number of significant issues that have been identified during AMC benchmarking studies. The paper then considers the types of opportunities that have been identified and the potential for improvement. The paper concludes with a discussion of the implications for planning, measuring and management of operational performance.

Jan 1, 2003

I would like to build on the keynote address given by Peter Stoker to the Fourth International Mining Geology Conference (2000) entitled æThe Role of the Mine GeologistÆ. He concluded that à the important aspects of the professional contribution of a mine geoscientist to a mine operation include: The geoscientists prime task is to maximise the profitable extraction of the ore deposit on which they are working û that is to add value. They must maintain and develop their own expertise. By ensuring a truly professional approach to all they do, they will provide the best service to the community, to their company or client, their shareholders and their family or close associates. In that process they will also assist in protecting themselves in this increasing litigious world. I intend to build on these points and, in particular to expand on what it really means to take a truly professional approach to mine geology. Mine geology is different from other forms of geological practice. As a mine geologist you are the advocate for the orebody. After all the orebody is the one thing that is unchangeable.

Jan 1, 2003

By Borsaru M

The production of high-grade calcined bauxite is very dependent on the moisture content of the final product. Existing procedures rely on the ignition of small samples to monitor the effectiveness of the calcination process. The results obtained by this gravimetric technique are several hours behind production and do not permit regular adjustment of the furnace to optimize the control of the chemically bound water content (LOI).To provide rapid and hence more relevant results, a neutron moderation technique has been developed for measuring the LOI of bulk samples of calcined bauxite while they are still hot. The method uses fast neutrons from an 241 Am-Be neutron source to irradiate the samples, and the backscattered thermal neutrons detected are a measure of bound moisture content.The rms deviation between neutron and conventional determinations of LOI, in 15 calcined bauxite samples, was 0.08 per cent LOI over the range 0.1 to 0.9 per cent LOI. When allowance is made for the rms error in the ignition method, the error in the neutron method is found to be 0.07 per cent LOI.

Jan 1, 1985

Most internationally traded iron ore resources are derived from multiple mine sites, transported to a port facility where they are blended and possibly further processed prior to shipping. Provided the proportion of contributions varies over a number of shipments an estimate can be made of the bias introduced by mine site sampling, analysis and materials handling systems, using zero-intercept multiple linear regression. Further regression applied to the residuals allows the error variances for the source mines to be estimated. Various sampling strategies are used by the industry. All have shipment-loading sampling on which payment or at least provisional payment is based. In most cases sampling prestockpile is used at mine sites to verify estimated production grades. Train grades are estimated from mine stockpile grades and in some cases train grades are verified by port input sampling. The methodology used is presented in this paper. Simulated data have been used and do not reflect the actual performance of any operator. The merits of the various systems and the implementation and potential limitations of our method are discussed more fully in a companion paper (Ziegelaar and Everett, 2010).

Mar 1, 2010

The theme i wish to develop in this talk is how we might make use of the scientific and technological knowledge we now have ofextraction metallurgy to meet the present-day needs of the production industry.Before doing so, I would like to say a few words in tribute to Dr. G.K. Williams since he was a past master at precisely what I wish to talk about. I knew G.K., as everybody called him, during the time he spent at Avonmouth in the late 40's and in the 50's. Later, when he was ostensibly retired, I had the pleasure several times of lunching with him when I was visiting Melbourne.When G.K. was at Avonmouth, the Imperial Smelting Process was in that capricious adolescent stage in between the pilot plant and the full-scale commercial unit. G.K. was a great collector of process plant data which hung in cascades from the walls of his office and-from his hand-operated desk calculator. What G.K. understood very well were the basic metallurgical and engineering principles of what was going on in the sinter machine, the shaft furnace and all their ancillaries.

Jan 1, 1985

By S Slusarczyk, Z Kozlowski

Vibration of surface caused by seismic quakes can make a risk to great mining costruction. We have to do with this risk in the Belchatow open cut mine where seismic quakes of various energy and range have occured since the end of 1970s. The seismic risk influence on the mine structure with the special attention to the slopes of an internal dump has been presented. Hydrogeological and geotechnical conditions of the lignite mining and internal dumping of overburden and ash from Belchatow power plant have been considered. Seismic activity in Belchatow open cut from 1979 to 2001 was described and the connection between mine working and seismicity of this area was investigated. The energy and approximate location of the quakes and seismological parameters of the strongest ones observed from 1995 to 2001 were presented. The mechanism of the quake focuses was determined by means of the primary-arriving wave method. Stability of the slopes was evaluated by means of the Fellenius method. It has been found that seismic events occured in Belchatow region may cause only local eboulements whereas there are not any safety risks to the stability of slopes of the internal dump in Belchatow open cut.

Jan 1, 2003

By G Huggins

Excavation in underground jointed rock masses creates cavities into which the surrounding rock mass deforms. Deformations, besides intact rock deformation, include mechanistic deformations such as slip and rotation. In this paper deformational moduli were measured for prototype and blocky (jointed) models using elastic analogue methods for stopes from MIM LimitedÆs Lead Mine. The blocks for the models were defined in terms of the prototypeÆs joint sets, their spatial separations, orientations and average friction characteristics. From dimensional analyses, a relationship between prototype and model deformations was used to predict stope mid-span deformations. The results of this physical modelling work, conducted in the 1970s, motivated an investigation into the electro-treatment of tailings backfill to achieve improved strength and stiffness characteristics. Tailings backfill containing fines and having a high clay content can be electrically dewatered, and at times grouted, cemented, ion exchanged or agglutinated, to achieve relatively high magnitudes of strength and stiffness. These treated tailings stiffnesses can reduce the deformation magnitudes within a rock mass and, in doing so, reduce problems encountered in mine pillar extraction. The application of these tailings modification techniques is examined in relation to the elastic analogue methods.

Jan 1, 1998

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

Jan 1, 1975

In six deep hard coal mines situated in the coal district of the Saar and Lorraine, Saarbergwerke AG produce annually 9 to 10 million tons of coal. The coal is either coked or fired in power plants. Comprehensive planning work is done for the producing coal faces, 15 stone drifts and 60 seam headings. The computer can assist in drawing up the short- and medium-term planning by taking over, on the one hand, work done so far by hand and by supplying, on the other, additional information. The computer can draw up time schedules, can do quantitative calculations, can draw up plans for the em- ployment of manpower, machines and other equipment, and can calculate cost and earnings. It is ensured that all part plans are always adjusted to each other. Because of the volume of work involved, planning in this form and extent becomes possible only by the computer. Especially with the periodical continuation of planning, the new system facilitates the work to be done. The ideas of the planning engineer are and remain the basis of all planning work and the computer gives him an aid to assist him with calculations, report writing and feasibility studies.

Jan 1, 1977

By Opitz E. A

The integration of environmental and permitting strategies into development has become a routine part of doing business for the international minerals industry. Paralleling the development schedule with the environmental and permitting schedule is critical to ensuring that design recognises environmental constraints and that the environmental and permitting program has the right focus and achieves the objective of obtaining workable permits that reflect the project design. Regulatory issues including the law of and controls established by the country the project is situated in, the requirements of international financing institutions, international politics and the role of environmental groups and the particular precedents and processes established are all important issues that must be recognised and incorporated into the permitting program by the developer. Technical issues including collecting early environmental data during exploration, establishing hydro-meteorology equipment, baseline data gathering, and getting good environmental engineering information as a part of feasibility and design are also critical issues to the success of a project which are under the direct control of the developer. Finally tying all of these issues into a single integrated strategy under the direction and control of a nominated team is necessary to maintain focus and achieve results.

Jan 1, 1997

Authority to Prospect 57P lies within the Surat Basin',' an eastern lobe of the Great Artesian.Basin, a major Mesozoic . downwarp that,had its inception'in Triassic time. The northern edge of the Mesozoic Surat Basin overlaps the southern extension of the Bowen Basin, a 'major structure that warped do*nWard in varying degrees from Permian time into Early'Triassic time: The axis of the Bowen Basin may be superimposed on the axis'of a still older structure, the Tasman Geosyncline, that probably originated in Ordovician time culminating in Late Carboniferous time.Within. or bordering the area the geologic record 'clearly marks.major differences in the stratigraphy and structure related, to"the successive evolution of these three distinct structural units. Three major phases of sedimentation have been recognised; one related to the development of the Tasman Geosyncline froi'n. Devonian to.Early Permian time (Horton group), one related to-the development of the Bowen Basin from Early Permian to_Early Tri= assic time (Bowen group), and one related to the development of the Great Artesian Basin from Triassic to Cretaceous time (Great Artesian . Group).

Jan 1, 1962

By L Soares, W T. Hennies, F Fujimura

The engineering geological mapping of Metropolitan Area of Jopo Pessoa in the littoral zone of the Parafba State, northeast of Brazil, made possible the ambient characterisation for space using and its implications on the environmental resources. This region comes lately denoting an accented industrial growth and this work would help future projects of urban planning, distinguished by quick ground occupations for residential, industrial installations, farming, beyond mineral extractions. The mineral sector supplies material and substance demanded by industry and civil constructions, like as clay deposits, sands, calcareous rocks and mineral water. Many companies working there do not have the permission or inspection of ambient agencies for planned extractions of mineral resources. The consequences of this activity pass for the low profit of the reserves, bad uses of the sources, ground degradation, vegetation suppressions and physical impacts on landscapes, beyond noises and vibrations. These activities have causing accelerated alterations and transformations in the environment, compromising the sustainable development. It thus becomes clear that urgent solutions must be find to solve the problems with human interferences by closer inspection and management for disciplined use of its natural resources.

Jan 1, 2003

Conflicting claims and views on the priming of ammonium nitrate/fuel oil (ANFO) are reviewed; certain fallacies and misconceptions are rectified. Optimum priming systems for a range of blasthole conditions are indicated. Moves towards optimum priming lead to reductions in the combined cost of drilling, blasting and handling the material. With shallow blastholes, two-point priming is rarely warranted. Best blasting results from single priming are usually obtained when the primer is located near, but not at, the bottom of the blasthole. As blast- hole depth increases, two-point priming becomes more reliable and effective than single priming. For two-point priming, primers should be located such that detonation waves in the ANFO collide at grade level or, if preferred, within a hard band in the burden. Where blastholes are very deep and/or strata variations can be appreciable, three or more spaced primers are often justified. The effectiveness of a primer varies with its detonation pressure, diameter and length. Primer properties influence the velocity of detonation (VOD) near the primer, but do not affect the final (steady-state) VOD in the ANFO. Some primers cause 'run-up' (i.e. lower than steady-state) velocities whereas others cause

Jan 1, 1974