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By W J. Bruckard, M J. Vaisey

Ashton Mining Ltd (Ashton) and Lynas Corporation Ltd (Lynas) have established a joint venture partnership to develop and process rare earth oxides (REOÆs) from the Mt Weld deposit in Western Australia. The deposit is located in a deeply weathered volcanic carbonatite structure that contains approximately two million tonnes of rare earth oxides at an average grade of 20 per cent REO. As part of the 1999/2000 feasibility study currently being undertaken by Ashton and Lynas, an extensive laboratory beneficiation test program was undertaken by CSIRO Minerals on diamond drill core samples from the Mt Weld orebody. The aim was to develop a flowsheet, based primarily on flotation that could be confirmed at pilot plant scale. The target concentrate grade was 52 per cent REO with a REO recovery of at least 35 per cent. Two main ore types, nominated as CZ (limonitic siltstone) and LI (nodular limonitic ironstone) were identified for separate laboratory evaluation. The lower grade LI-type ore overlies the higher grade and more extensive CZ-type ore. The majority of the work was conducted on the CZ ore; only limited testing of the LI ore was undertaken. The latter contains a clay component that will present difficulties in processing due to its poor filtering and settling characteristics. Two processing options for treatment of CZ ore were presented for pilot plant consideration. One (Option 1) includes gravity concentration prior to flotation while the other (Option 2) includes finer grinding and four stages of open circuit cleaning. The benefits of each scheme are discussed in detail. Neither has been fully optimised and the definitive flowsheet is most likely to be a hybrid of the two schemes, incorporating the best features of each. Typical metallurgical results from each scheme were final concentrate grades of 49 per cent REO, 10-16 per cent Fe2O3 and 3.2-4.8 per cent CaO. REO recoveries were above 35 per cent in both cases. Features of the processes developed by CSIRO were the inclusion of a gravity concentration stage prior to flotation, a modified flotation reagent scheme, a change in the method of feed preparation, and incorporation of magnetic separation to upgrade final flotation concentrates. Metallurgical results obtained from flotation tests on LI ore were much poorer than those obtained for CZ ore. The best rougher/scavenger result, with the limited amount of testing so far completed, was an REO grade of 32 per cent with a recovery of 28 per cent. Further work is needed to develop a viable processing route for this ore type.

Jan 1, 2000

By Kato Y

As a direct result of the Mining Industries need to improve efficiency and production in Open Pit type operations, the size of haulage units have increased dramatically. This trend has continued such, that the majority of dump trucks operating in Open Pit operations are in the 170 ton class. Continued mining in existing locations has meant that the increase in vertical lift and resultant grades, and increases in hauling distances are making electric drive systems unsuitable. This is largely due to the electric drive systems heat limitations on major propulsion components. With these mining requirements in view and the present limitations on electric drive systems in mind, Komatsu have been developing the Komatsu HD1600M. A diesel powered mechanical drive dump truck capable of operating in deep pit operations. This presentation introduces: Komatsu HD1600M Dump Truck

Jan 1, 1982

By R Bunduwongse

The oil crisis had repercussions throughout the world and most importantly on mining, where the drive to reduce the use of liquid fossil fuel led directly to the appearance and subsequent growth in the design of mobile crushers in late 1970s early 1980s, which heralded a new era in both quarrying and mining. Even though mobile crushing has now become common, even preferred in the quarrying industry, this has not been the case in mining. This paper looks at why, in spite of the initial optimism, this technology has yet to gain full acceptance in the mining industry. The paper examines some of the problems that have been encountered in the past and offers suggestions as to how they can be avoided by applying the appropriate technology. It then takes a look at the successful application of the semi-mobile in-pit crushing system used by Italian Thai Development Company (ITD), on the Mae Moh Phase 5 contract and examines how the techniques used successfully there could be applied to the industry at large.

Jan 1, 2007

By J D. Bryant

The Ernest Henry Copper-Gold mine, the third largest copper deposit in Australia, is located 35 km NE of Cloncurry in the Mt Isa-Cloncurry mineral district of NW Queensland. Ernest Henry Mining Pty Ltd (EHM), a wholly owned subsidiary of Xstrata Copper Australia, operates the mine. Approximately 10.2 Mt of ore grading 1.12 per cent Cu and 0.56 g/t Au were processed during the 2001 - 2002 financial year. The Ernest Henry plant produces copper-gold concentrate, which is trucked to Mt Isa for smelting. The Ernest Henry deposit is a member of the diverse Fe-oxide-(Cu-Au) class of deposits. The orebody is hosted within a sequence of moderately SSE-dipping, intensely altered Paleoproterozoic intermediate metavolcanic and metasedimentary rocks. Copper (chalcopyrite)-gold mineralisation occurs mainly within the magnetite-biotite-calcite ¦ pyrite matrix of a 250 m + 300 m pipe-like breccia body. The breccia pipe comprises two anastomosing lenses separated by a lower grade, clast-supported breccia zone. Several anastomosing brittle faults affect the macro-geometry of the orebody. Copper grade is proportional to the degree of matrix support in the breccia. The July 2002 Ore Reserve was 88.7 Mt @ 1.0 per cent Cu and 0.5 g/t Au. Resource estimation at Ernest Henry is based on a large database of predominantly diamond drill hole information. Drill spacing is typically 50 m + 50 m. Ordinary kriging is used to estimate Cu, Au, SG and IST (oxidation indicator) into model parent cells of dimension 20 m E + 20 m N + 16 m RL. The block model is comprised of five geological-geochemical domains represented by 3D wireframe surfaces. Zonal control, where samples and blocks are assigned the same domain number, is used to control grade estimation. The geometry of the domains defines hard grade boundaries across strike and soft boundaries along strike A Deep Drilling Project was initiated in August 2002 with the initial aim of testing the down-plunge extension of the orebody to a vertical depth of over 1 km. The encouraging intersections to date have resulted in a significant increase in the mineÆs open pit Mineral Resource together with the identification of an underground Mineral Resource. Added benefits of the project included an expanded and updated geological legend and an improved understanding of the host geological sequence.

Jan 1, 2003

By Voss Smith F, Matters C. W, Slee R. T, Coldham JC, Davies HW, Wallman H. H

The Committee desires to thank the managers of the various mines along the line of lode for their hearty co-operation in its labours. It would also extend thanks to Messrs. J. O. Moulden, Howchin, Twelvetrees, and the West Australian Geological Survey for various information; to Messrs. J. G. Dreyer, S. Pope, T. Read, P. Moncrieff, R. Williams, and W. J. Rose for analyses; and to a number of local gentlemen for advice and help. Professor Skeats, of the Melbourne University, gave much valued assistance in petrology, and Mr. Herbert Lavers kindly undertook the study of the garnets.INTRODUCTIONThe famous Broken Hill lode is situated in a low range of hills, the Barrier Ranges, near the western border of New South Wales. It has been worked since 1884-first for, silver, then for silver and lead, and at present for lead, silver, and zinc. No excuse seems necessary for placing before members even an imperfect report on the geological features of this notable ore deposit, since so little work has been done on the subject as to constitute almost a national reproach. This is the more deplorablesince the evidence laid open by mining operations is destroyed almost as soon as it is exposed, and there exists the real need of a continuous and connected record of geologieal developments.

Jan 1, 1911

By P Hodkiewicz, K Noormohamed

Gold deposits in the Chirano district in south-west Ghana are hosted in a variety of structural settings along the Chirano shear zone (CSZ), in Paleoproterozoic rocks of the Sefwi-Bibiani belt. Most gold mineralisation occurs in strongly sheared and hydrothermally altered Birimian mafic igneous rocks and tonalite intrusions within the CSZ. A recent program of open pit structural mapping, core logging, and three-dimensional modelling helped to define deposit-scale structural controls on gold mineralisation. These include strain domains, shear zone flexures, shear zone intersections and vein arrays associated with host-rock competency contrasts. Interestingly, the plunge of higher-grade shoots in some deposits appears to be associated with the intersection of the CSZ and broadly folded Tarkwaian sedimentary rocks, which are not significant gold hosts in the Chirano district. This paper presents the results of 3D modelling that were used to define structural controls on mineralisation in several open pits and one underground mine along a 9 km length of the CSZ. LeapfrogÖ software was particularly useful because it highlighted the orientations of structural features that focused hydrothermal fluid flow during alteration and mineralisation. The improved understanding of structural controls provided two main benefits: near-mine exploration drill targets and better definition of structural domains for resource estimation.

Jan 1, 2009

By Warner RE

SINCE 1952, when Elliott et a/ first applied the Sherwood correlation for flooding in chemical absorption towers to blast furnaces numerous investigators throughout the world have followed their example and much research effort has been spent to tighten the correlation and recently to extend investigation of flooding to side gas entry conditions. The widespread use of the Sherwood concept of flooding has been such that even the word itself has become an integral part of blast furnace nomenclature. The evidence for the applicability of Sherwood's relationship has been that the flooding limits calculated from blast furnace parameters lie approximately on the Sherwood line. However, the values of many of the variables for the blast furnace calculation are only estimates and at first sight one may wonder at such 'close' coincidence when some of the estimated parameters entering the Sherwood correlation are raised to the power of three or more, as for the bed porosity and the liquid surface tension. It is felt that the explanation of this result lies in the logarithmic: nature of the plot and/or the fortuitous can- cellation of the errors of the estimates in the calculations coupled with the fact that blast furnace fluid ratios lie within a very narrow range of values. The foregoing considerations should in their own right place doubt on the correctness of the Sherwood type flooding correlation applied to the blast furnace. Additional doubt regarding the existence of the Sherwood type flooding in the furnace has been cast by the results obtained in the Tokyo University experimental blast furnace. From the reasoning of both Standish and Colquhoun (p. 20) and Warner (p. 23) it is deduced that flooding in the traditional sense will only normally occur in the upper bosh (somewhere near the mantle), following softening as discussed by Palella et a/ on p. 75, and flooding in that zone is likely to result in furnace irregularity. On the other hand, the concept developed by Warner of slag hold-up above the raceways as a stable phenomenon not affecting furnace regularity is a process unique to the blast furnace and is not described by the Sherwood flooding theory. Recognising the considerable practical implications of slag hold-up above the raceways, this note further explores the physical process of slag hold-up. We envisage that bed of coke above the raceways in almost all blast furnaces would contain some slag held up by the gas pressure gradient. In general the slag would be contained in a ring and gas would bubble through in its ascent through the furnace. The force supporting this slag is the pressure gradient and obviously -much of the blast pressure is dissipated in supporting this structure.

Jan 1, 1975

By T Sirinawin, R H. Murfitt, W Shywolup

The Bong Mieu Project lies within the Pre-Palaeozoic Kontum Craton near the southern margin of the regional Phuoc Son û Tam Ky Suture. The Suture and accompanying Truongson Fold Belt of Indosinian age host significant gold and base-metal bearing districts including OlympusÆ other project at Phuoc Son to the west of Bong Mieu and OxianaÆs Sepon project in Laos. The Bong Mieu Project is located some 90 km south of Da Nang and some 30 km south-west of Tam Ky, the provincial capital of Quang Nam province in central Vietnam. The project area is covered by an Investment Licence of some 30 km2 which was granted in 1991 and a mining permit of some 365 ha granted in 1992. Several mesothermal, gold-silver deposits with assigned resources are present on the property. Deposits with assigned resources contain some 615 000 ounces of gold in situ. These are at Ho Gan and Ho Ray which are potentially exploitable by open-pit mining and Nui Kem which is potentially exploitable by underground mining. Newly discovered extensions to the known deposits at Ho Gan, Ho Ray and Nui Kem, and several other new prospects, are currently being investigated by drilling. The Ho Gan mineralisation is of mesothermal, shear and shear breccia quartz vein, as well as intrusive breccia hosted style. Nui Kem mineralisation is of mesothermal, shear and shear breccia quartz vein style. The Ho Ray mineralisation is of skarn (gold-bismuth-tungsten) and lesser quartz vein style. The deposits straddle and flank the east-west trending Bong Mieu Anticline which trends through the central portion of the Investment Licence. In this paper the geology of the deposits, details of resources, results of recent exploration on the Investment Licence and recent engineering and mining studies at Ho Gan are briefly reviewed.

Jan 1, 2004

By U JSger

The Westerschelde tunnel will be the first permanent road link between the Dutch regions of South Beveland and South Flanders. Two tunnel tubes, each 6.6 km long, will be driven using the shield tunnelling method. The difficult ground conditions and a water pressure of up to 6.5 bar make great demands on the design. This paper describes the problems and their solutions.

Jan 1, 1999

By F Clark, B Catto

The Mako domain comprises the Mako lodes at Sunrise Dam Gold Mine, Western Australia. This domain was initially bulk or æbucketÆ domained for the open pit resource in 2000, due to complexity in defining the lodes as a result of low drill density. Negative ore tonnage and positive grade and ounce reconciliations were experienced during mining of the domain in the mega-pit, though only small volumes of the domain were mined. Significant amounts of exploration and underground grade control drilling has been completed since the initial bulk domain interpretation and greater geological understanding of the mineralisation controls and geology of the lodes now exists. Mako provides approximately 50 per cent of the ore tonnes and ounces for the North Wall Cut-back, the latest open pit phase of mining at Sunrise Dam. The importance of Mako to mill supply and life-of-mine planning, as well as past reconciliation performance necessitated a reinterpretation of the domain to increase confidence for mining. Historic exploration drilling, underground grade control drilling and detailed pit-wall mapping were used to build mineralised subdomains within the confines of the original domain. These reflect more closely the spatial extents and geological controls on the mineralisation. A new resource model using the multiple indicator kriging (MIK) technique was generated using the new domains. It resulted in a decrease in tonnes and ounces but increase in grade for the sum total of the new domains compared to the old æbucketÆ domain. This is attributed to the increased selectivity and structural constraints imposed by the new domains. A retrospective comparison of the Mako grade control from the mega-pit versus the new resource model was conducted, which æreconciledÆ 103 per cent tonnes, 106 per cent grade and 110 per cent ounces. This has provided confidence that the new model is a better estimate of the lodes. Qualitatively, the new model is a better representation of the geology and extent of the mineralised structures with significant areas of change identifiable. Grade-tonnage plots comparing the 2006 and 2008 models show that most tonnes have been shed from the low-grade û subeconomic grade cut-offs. This is mostly attributable to the volume reduction of æoreÆ in the 2008 model compared to the 2006 model, where the true mineralised zones are captured by the new domains. The reinterpretation and remodelling of Mako is an example of an evolved domain model and shows that mineralised zones need to be differentiated adhering to the geology and geological controls on mineralisation, which are understood largely due to increased drilling density coupled with mapping.

Jan 1, 2009

The underground mining of a narrow vein hard rock orebody is a capital and labour intensive method of extraction. Due to the nature of underground mining it is difficult for higher level managers to physically see the efficiencies and inefficiencies of a particular method. Extraction methods and sequencing often need to be altered from the original planned methods as a result of mine developent, providing more in depth information as it progresses. As a result of these issues contract mining of these orebodies is common practice. There are several types of contract structures for the purpose of underground contract mining with many complex permutations of them that reflect the different needs of each individual company and orebody. The different contracts are arranged dependent on the mining companyÆs desire to transfer or, alternatively, embrace risk. This presentation gives a brief overview on these different methods and their various advantages and limitations with regard to small scale and narrow vein underground mining. With respect to these different contracting methods, the presenter reviews the mutual growth benefits of emerging partnering opportunities, specifically with regard to smaller explorers exploring and developing prospective mining tenements. The specific advantages to small explorers include the resource flexibility and speed of project development that private mining contractors can provide. Given the contracting methods that are available, there is potential for small private mining companies to gain minor stakes in major projects and major stakes in medium sized projects by employing innovative contracting solutions to provide mutual benefits to the parties. Some potential scenarios to this effect are suggested in the presentation. This paper is available as a PowerPoint presentation only.

Jan 1, 2006

By De Jong HJ

During the forthcoming reline of No.3 Blast Furnace at the Newcastle Steelworks of the Broken Hill Proprietary Co. Ltd., facilities for the screening and weighing o' coke will be installed. The equipment is needed to optimise the sizing and the quantity of coke immediately prior to it being charged to the furnace. Up till the time the furnace was blown out in November, 1982, coke was charged to the furnace by volume, ie by skip fulls only. This resulted in variation to the ore/coke ratio charged due to bulk density changes and erratic skip filling levels. This in turn affects the heat balance of the furnace and causes fluctuations in hot metal chemistry and temperature. A coke rate penalty has to be paid also. Coke layer thickness in the furnace burden cannot be controlled closely, resulting in loss of control over gas distribution in the furnace. A grizzly type screen was incorporated in the skip loading chute but this ineffective method left a great amount of fines with the coke being charged to the furnace. Furnace permeability was therefore reduced, particularly in the hearth.

Jan 1, 1984

By R Morrison, P Owen

Particle breakage is an essential part of mineral processing. The aim is to reduce run of mine mineral ore to an optimal size for liberating target minerals and for subsequent recovery by separation processes such as flotation. This size reduction is typically accomplished in a series of stages in a grinding circuit tailored to the properties of the particular mine ore. Commonly this involves two or more classes of equipment starting with crushers, followed by SAG mills and then sometimes ball mills. Occasionally, high pressure grinding rolls or other novel devices are substituted. Broadly, energy consumption increases and energy efficiency decreases with the fineness of the material produced by each piece of equipment. For many operations, up to 50 or 60 per cent of total greenhouse gas emissions from a plant arise from the operation of the comminution circuit with the majority produced by the finest grinding parts, such as the SAG and ball mills. Wear of mill liners and grinding media also add to greenhouse gas emissions generated by their manufacture. The need for continual cost reduction and increasing regulatory and social pressure relating to greenhouse emissions create a strong need for improvements in comminution energy efficiency. Traditional experimental and modelling approaches are not well placed to create the required insights into comminution fundamentals or facilitate radical step changes in performance. This paper discusses the role that advanced modelling (based on coupled DEM and CFD) can play in improving the energy efficiency and performance of existing mainstream grinding equipment and in the development of new ones with radically superior performance. Achieving this goal will also require an improved understanding of ore breakage and methods to include sufficiently realistic breakage models within the DEM models. Developmental issues for the modelling and the critical need for validation of the advanced model features are highlighted.

Jan 1, 2004

By Andrews S. J

Century is a shale hosted zinc, lead, silver deposit developed within gently folded, Proterozoic Lawn Hill Formation shales and siltstones, approximately 250 kilometres north-northwest of Mount Isa, comprising 118 million tonnes of stratiform mineralisation, averaging 10.2 per cent ,,inc, 1.5 per cent lead and 36 grams per tonne silver. The deposit is largely overlain by Cambrian limestone and younger Proterozoic sedimentary rocks, outcropping at only two places. Small discordant lode lead-silver deposits formed the basis of relatively small scale mining activity in the area for almost 100 years, exploration tenement covering the deposit being granted to CRAE exactly 100 years after the first mining leases were pegged in the area in 1887.Stratiform mineralisation occurs within three distinct blocks, bounded by normal faults and the unconformity between Lawn Hill Formation and overlying Cambrian limestones. The Termite Range Fault, a major northwest trending, regional scale fault system occurs adjacent to the northeast deposit boundary, while the Magazine Hill Fault, possibly a component of the east trending Little Range Fault system, forms the southern boundary of the deposit.

Jan 1, 1993

By R Graber, R Johnson

North American steelmaking practices have evolved based on access to iron ore raw materials containing very low phosphorus contents, typically less than 0.025 per cent P. Cleveland-Cliffs managed Tilden iron ore operation produces iron ore pellets exceeding 0.030 per cent P, which by global standards would be considered low phosphorus, but has limited penetration in the North American iron ore market due to phosphorus content. Recently cathodoluminescence microscopy has augmented more standard ore characterisation techniques enhancing our understanding of the genetic history and process mineralogy of TildenÆs complex martite ore. This paper highlights the unique capabilities that cathodoluminescence microscopy provides for phosphorus mineral identification in fine-grained iron ores.

Jan 1, 2005

By D S. Clarke, W M. Prebble

Potential waste rock products from the mining of epithermal deposits in the Hauraki Goldfield are characterised to facilitate their management. Hydrothermally altered andesites and their weathered near surface equivalents have been examined from the Golden Cross, Karangahake and Monawai gold deposits. These materials vary in both their clay content (smectite, illite, kaolinite and chlorite) and the degree of silicification resulting from alteration and weathering. The simulated degradation (slaking tests) of waste materials cannot be explained purely by consideration of clay content, siliciflcation, or the resultant variations in porosity.   Microstructure is considered to be essential in predicting the physical degradation of waste rock. The scanning electron microscope is an effective tool in such an investigation. Increasing alteration results in clay particles becoming more randomly orientated (matrix microstructure); this causes a reduction in the surface area of contacts between components resulting in increased potential for degradation. The extent of skeletal microstructure (commonly characteristic of weathering) is an important control on effective porosity and the long term potential for degradation. Management requirements for these materials include the minimisation of moisture content variations (with the prevention of initial drying being of primary importance) and the containment of sediments produced.

Jan 1, 1991

The South American mining community leads the world in recognition and adoption of the latest grinding mill relining technologies. Clearly this region has recognised the benefits of improved relining performance as a defence against the Global Economic Crisis. Five of the six RUSSELL TWIN 8 Mill Relining Systems, ordered to date, are either operating or being manufactured for South American mine sites. The sixth is for Sino IronÆs Cape Preston Project in Western Australia. This paradigm shift, towards very short relining times, aims at displacing mill relining activities from the critical path of concentrator maintenance shutdown schedules. The first uses of the RUSSELL TWIN 8 Mill Relining System have seen some of the highest semi-autogenous grinding (SAG) mill new liner placement rates ever observed by Russell Mineral Equipment (RME), as would be expected with two, independent Machines working simultaneously in the one mill. The liner replacement rate, averaged over the whole reline is good (27 per cent improvement over single Machine System in the same mill) but short of full potential. This modest result can be attributed to reline crews unfamiliarity with RUSSELL TWIN 8 System operation. This paper compares a sample of conventional (single machine) RME Mill Relining System performance data with one ædouble headÆ mill liner handler by others. Early performance of EscondidaÆs new RUSSELL TWIN 8 System performance is then compared with recent single machine data from Escondida, immediately prior to RUSSELL TWIN 8 commissioning. RME and Escondida look to constantly improving RUSSELL TWIN 8 System performance as full operational familiarity is achieved. The preparation of this paper revealed a need to develop a global industry standard for mill relining data collection. A web based platform to develop data collection templates is also discussed in Appendix 1.

Jan 1, 2009

By G W. Scott, R C. Johnson

Hypogene alteration zones have been described as a precursor to high-grade haematite deposits in Australia, Brazil and elsewhere. This alteration is described as being below or distal and is typically magnetite-carbonate-silicates reflecting Mg - Fe metasomatism. This paper describes, without genetic implication, the mineral zonation and possible structural control on mineralogic variation within the Tilden Mine, a concentrating grade haematite deposit in Michigan, USA. In contrast to the high-grade deposits, these variations are not peripheral to the orebodies but are the ore. The deposit occurs within the Negaunee Iron Formation, along the southern margin of the Paleoproterozoic Marquette Range Supergroup basin. The regional structure is a fault-bounded west plunging syncline within the crustal scale Great Lakes Tectonic Zone, which forms the boundary between Archean granite-greenstone and gneissic terranes. Local structure consists of second-order anticlines and synclines with variable northwest and southwest plunges. The interaction of sedimentation and diagenesis within growth fault controlled basins, along with a possible metamorphic and/or hydrothermal overprint has resulted in a complex series of ore types. For modelling purposes, the deposit is divided into geologic domains based on both lithology and metallurgical response in the laboratory and in the plant. Mineralogic variation is recognised within individual mineral grains; at blast pattern (10 - 15 m) and development drill hole (100 m) scales.

Jan 1, 2007

To finalise the arrangement and details of the headframe to be erected over the new No. 3 Shaft, the haulage and winding equipment requirements were first determined, then tentative designs were prepared to cover the needs of general shaft servicing work for men and materials, mullock and ore handling, and the probable requirements of a breaker station to be built adjacent to the headframe, which would provide for the crushing of the run-of-mine ore down to a size which would be suitable for feeding on to the concentrating mill.

Jan 1, 1957

The general principles of technical due diligence best practice that are involved in assessing a mineral property in the early stages of its development are described and a bibliography of relevant papers is attached. The issues specific to the evaluation of gold deposits are highlighted. The Australasian Institute of Mining and Metallurgy's (The AusIMM) initiatives in this area, dealing with the proper public reporting of Reserve/Resource information (JORC Code) and property assessment/valuation (VALMIN Code), will be used as a framework against which the illegal tampering with drilling samples to artificially boost their gold content (salting) from the Busang gold deposit (Kalimantan, Indonesia), owned by Bre-X Minerals Limited (Calgary, Canada), will be reviewed. While the Busang saga was based upon fraud, through salting the samples, the general lessons to learn from such a scam are worth documenting. In Australia, most of those working in the mineral industry belong to long established professional institutes and consultant associations (eg The AusIMM or Mineral Industry Consultants Association [MICA]) that require their members to work within their technical limits and to comply with best practice guidelines, or risk being judged and found wanting by their peers in the context of strong Ethics Codes. There is also a strong interface between such representative professional bodies and the corporate and financial market regulators (ASC/ASX), which closes the monitoring loop. Canada has only now seen the wisdom of having this type of early warning system in place. Fraud and deliberate deception will be always possible, but deception on the enormous scale that occurred at Busang is most unlikely with proper surveillance systems in place and the use of accredited technical professionals. There should have been more hard data available about so big and rich a deposit owned by a C$6Bn company.

Jan 1, 1997