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The history of gold dredging in New Zealand, leading to the develop- ment of the `New Zealand Type' dredge is considered. Much of this infor- mation has come from contemporaneous publications by the New Zealand Department of Mines. Alluvial gold production declined after 1902, and ceased completely in 1982, but is now rising again. The progress of the New Zealand alluvial gold mining industry is considered, together with some of its more exceptional successes. Recent developments are com- pared to those of the past.

Jan 1, 1988

By R Cox, S Pandey

The coal seam gas (CSG) industry is expanding rapidly in the Surat and Bowen basins. CSG production involves pumping water from the coal seams to release the gas adsorbed to coal particles. The reduction in water pressure in the coal seams will cause some reductions in water pressure in overlying and underlying aquifers because there will always be some interconnectivity between the formations. The Surat Basin is a sub-basin of the Great Artesian Basin, which contains aquifers of high economic, environmental and cultural value. The Condamine Alluvium is also an important water resource, which overlies parts of the eastern margin of the Surat Basin.Under the Queensland (Qld) regulatory framework, an area of intensive CSG development involving multiple CSG operators can be declared to be a cumulative management area. For such areas the Office of Groundwater Impact Assessment develops assessments of future impacts on aquifer water pressures and develops and manages arrangements. The results are published in underground water impact reports.The Surat underground water impact report (QWC, 2012) was approved in December 2012. This paper summarises the place of the report in the Queensland regulatory framework, the content of the report and progress in its implementation.CITATION:Cox, R and Pandey, S, 2013. Managing groundwater impacts in the Surat Basin, in Proceedings Water in Mining 2013 , pp 169-174 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Nov 26, 2013

By Grossi M, Baiden G

This paper describes a new mine backfill method based on a newly invented binder with several years of test results from laboratory and on- site applications. The new binder has several advantages over traditional Portland and slag cement binders. One tonne of the new binder can replace two to three tonne of Portland cement when used to consolidate backfill and can result in the same compressive strength within seven days. When comparing backfill slurries of the same pulp density, the new binder attains more volume of in-place backfill mass than Portland cement because of the high crystallisation of water, resulting in tightly filled stopes. The crystallisation of the water provides for less or no de- watering in the backfill stope and easier transportation of the backfill slurry. Pastefill performance can be achieved by using pulp densities typical of a hydraulic backfill and the new binder, all the while transporting with the same ease of hydraulic fill.

Jan 1, 1998

The future of the Tasmanian mineral industry can only be estimated from a knowledge of the past, and armed with this knowledge an orderly plan for the future can be developed. Brief mention is made of the major historical developments through to the present day, with past and future development areas clearly mapped. Areas of importance which have been discussed are divided into the mining of metals, fossil fuels and non-metals; and the process- ing and extractive industries. Discussion then follows on the current general non-insular pressures on the mining industry, the energy crisis, scrap, world shortages, new techniques, inflation, and the effects of exploration on the environment. This is then followed by a discussion of the advantages of Tasmania as a mining state and a cataloguing of the present exploration and some possible areas of future development. From this a suggested plan emerges for the future development of the Tasmanian mineral industry, to incorporate the latest technological advances and by planning to meet the challenge of survival and growth in a turbulent environment.

Jan 1, 1977

By N Guresin, M Rohde

A lead-zinc flotation tailings sample containing silver from BHP Billiton’s Cannington Mine has been characterised to understand occurrences of silver in the tailings by conventional elemental, X-ray diffraction (XRD) and size analyses followed by mineralogical analysis with a scanning electron microscope (SEM) equipped with mineral liberation analysis (MLA) software and the use of an adapted diagnostic leach process originally developed for gold containing materials.The tailings sample contained 67 g/t Ag, 1.8 per cent Pb and 0.52 per cent Zn. The XRD analysis showed that the sample consisted of 74 per cent silicates, nine per cent sulfides, 11 per cent magnetite and small amounts of other minerals such as fluorite, fluorapatite and rutile. The p80 and p50 of the sample were determined to be 106 µm and 38 µm, respectively. The silver distribution was high in the small size fraction with 52.1 per cent of the silver being in the -8 µm fraction. The silver minerals freibergite, acanthite, jamesonite, pyrargyrite and native silver were observed in the mineralogical analysis of the sample by SEM/MLA. The associations of the minerals were intricate and the occurrences of silver were complex. There were finely disseminated silver minerals and also coarser grains of silver minerals in composites with the host minerals. It was estimated that almost 50 per cent of the silver was contained in pyrargyrite, around 14 per cent as native silver and contained in acanthite, 12.5 per cent in galena and around ten per cent in freibergite and jamesonite.These composite particles and the type of the silver minerals present were expected to limit leaching efficiencies of the silver in hydrometallurgical processing. The diagnostic leach tests showed that around 50 per cent of the silver could be recovered by direct cyanidation and higher extractions could be achieved by more aggressive acidic systems.Cyanidation tests were conducted to confirm the findings of the diagnostic leach studies. The investigated cyanidation parameters were time (up to 48 hours), solid to liquid ratio (1:1 and 1:2), cyanide concentration (0.025 M, 0.5 M and 0.1 M) and particle size (p80 of 106 µm, 63 µm and 7.5 µm). The effects of oxygen and lead nitrate were also studied. The tests were conducted at atmospheric temperatures. The maximum silver recovery obtained was about 50 per cent for all the parameter ranges trialled except particle size. The decrease in particle size from 106 µm to 7.5 µm by fine grinding resulted in an increase in silver recoveries from 50 per cent up to approximately 82 per cent indicating that the liberation of the silver grains/minerals is one of the factors affecting the cyanidation recovery of silver in addition to the presence of refractory silver minerals not amenable to cyanidation.Low head grades of silver in the tailings and relatively low cyanidation recoveries of silver (without fine grinding) necessitate a thorough cost analysis for the cyanidation of the Cannington lead and zinc tailings to assess if cyanidation would be a suitable process option for the extraction of silver. It is clear that one of the most important factors in determining the cost feasibility will be the price of silver in the world metal market.CITATION:Rohde, M, Guresin, N and Johnson, N W, 2014. Characterisation of silver minerals in lead-zinc flotation tailings and their response to cyanidation, in Proceedings 12th AusIMM Mill Operators’ Conference 2014 , pp 163–172 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Sep 1, 2014

By A Woodley, A N. Danoucaras

In 2012 the Bureau of Meteorology, under the banner of the Water Accounting Standards Board, released the Australian Water Accounting Standard 1 (AWAS 1). This standard has been in development since 2007 with key milestones being the release of the Preliminary Australian Water Accounting Standard in 2009 and the exposure draft of the Australian Water Accounting Standard in 2010. Throughout this period, the Minerals Council of AustraliaÆs Water Accounting Framework has developed concurrently with the Australian standards and the standards have informed elements of the framework. However, the framework is not identical to the standard as the objectives between the two are different. The objective of the Water Accounting Framework is to create consistency in water reporting of the minerals industry and to assist companies reporting to corporate sustainability initiatives. The objective of AWAS 1 is to provide information to water management bodies to facilitate decisions about the allocation of water resources. Companies are to report on an annual basis - not only physical flows of water but contractual requirements to supply and obtain water - regardless of whether the transaction has been fulfilled in the reporting period. In contrast, the Water Accounting Framework only reports on flows that have physically happened. The paper will provide summary information on aspects of AWAS 1 that are most relevant to the minerals industry, show the alignment and differences between AWAS 1 and the Water Accounting Framework and explain how to obtain the information for the AWAS 1 reporting statements.CITATION:Danoucaras, A N and Woodley, A, 2013. Alignment and differences between the Australian Water Accounting Standard and the Water Accounting Framework for the minerals industry, in Proceedings Water in Mining 2013 , pp 85-90 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Nov 26, 2013

By H Park, L Wang

Froth flotation is one of the most widely used beneficiation processes for fine and ultrafine coals and minerals. Maintaining optimal metallurgical performance in industrial flotation operation is still a challenging task owing to the lack of an effective tool to diagnose the flotation performance in realtime. For this purpose, a number of flotation performance monitoring systems with different working principles have been developed to provide instant feedback for process control and optimisation. In this paper, for the first time, five different flotation performance monitoring systems were systematically compared through an on-site trial in a coking coal flotation plant in Queensland, Australia. The monitoring systems were used to measure (i) gas holdup, (ii) overflowing froth velocity, (iii) overflowing froth height, (iv) air recovery and (v) drag force exerted by overflowing froth, in an industrial flotation column and the outputs of these systems were collected simultaneously at a wide range of operating conditions. For each monitoring system, the best regression model describing the correlation between the system output and the flotation performance was selected from various regression models (eg linear, quadratic, power-law and logarithmic) using the Akaike information criterion (AIC). A comparison of the coefficient of determination (R2 ), residual sum of squares (RSS) and measuring accuracy at 95 per cent confidence level of the best regression models of these monitoring systems suggested that the drag sensor outperformed the other systems at a wide range of flotation operating conditions. The superior performance of the drag sensor was attributed to its distinctive design that enabled intimate sensing of variation of the overflowing froth properties. Furthermore, the drag sensor had the ability to monitor feed ash content variation when the other operation variables were set almost constant.

Aug 24, 2022

By J Sargeant, T Levi, J Theiler, B Beamish

Two coal samples (810 Panel and Area 900) collected from Clarence Colliery have been tested under a controlled heating procedure to evaluate the gas evolution trends corresponding to increasing temperature. Gas evolution data are normally used to identify key gas indicators and validate the trigger action response plan settings for the mine as part of the Principal Hazard Management Plan for Spontaneous Combustion. The samples were located some 6 km apart and there is a significant coal-type difference between them. At low temperatures (<100°C), the Graham’s ratio (GR) values for the two samples are almost identical. However, at elevated temperatures, there is a significant difference, with the 810 Panel coal having higher GR values than the Area 900 coal. This is most likely due to a difference in the coal reactivity. The 810 Panel coal does not evolve ethylene until temperatures in excess of 140°C are reached, whereas Area 900 coal evolves ethylene once temperatures in excess of 120°C are reached. The 810 Panel coal also produces significant ethane evolution (200 ppm) at low temperatures (50°C) due to the presence of retained ethane seam gas, which decreases as the temperature increases due to desorption from the coal. Once the coal temperature exceeds 130°C, the ethane evolution increases again due to coal oxidation reactions, reaching levels of 50 ppm. In contrast, the Area 900 coal has no significant low-temperature ethane evolution, and ethane evolution only increases once the coal temperature exceeds 120°C. There are also noticeable differences in the trends of other gases evolved from the coal. These findings have implications for the interpretation of gas monitoring results from the two different areas of the mine. They also illustrate the need for obtaining results from each new area of a mine as it develops so that changing gas evolution trends can be identified in advance of mining.CITATION:Beamish, B, Sargeant, J, Levi, T and Theiler, J, 2015. Gas evolution trends for coal from two different areas at Clarence Colliery, in Proceedings The Australian Mine Ventilation Conference, pp 273–278 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Aug 31, 2015

By M Ogle

"Booster fans are relatively rare in Australian coal mines. However, as mines become progressivelydeeper it is likely that such fans will be increasingly adopted as a method to sustain or improve the ventilation of underground workings. The reasons why booster fans may be an att ractive alternative include: increased cost of sinking additional ventilation shafts with greater seam depths; environmental objections to shaft sinking projects; and increasing urbanisation and surface constraints limiting availability of potential ventilation shaft sites. As Tahmoor Colliery movedinto its northern lease the ventilation constraints became the limiting factor on production. Thelimitations of the old workings meant that the existing ventilation system would be inadequateto sustain the required production. Extensive ventilation modelling was carried out to evaluatevarious potential solutions and the recommended option was the installation of a booster fanor fans, to gain underground access to an already approved shaft site in the northern lease.Proposals were sought from recognised fan manufacturers and various alternative arrangements were tendered. Ultimately the choice was between one large centrifugal fan and a set (three or four) of smaller æauxiliary-likeÆ fans in parallel. The successful tender was for a single centrifugal, an arrangement very similar to the booster fans that have been operating eff ectively at Westcliff Colliery for a number of years. This paper describes the current ventilation network, evaluation of the ventilation options, the fan selection process, and the project status to date."

Jun 1, 2012

By K G. Fleetwood

This paper proposes an approach to determine the influence of non-ideal detonation characteristics related to the charge diameter, explosive type and confinement conditions on the available shock energy of ANFO and a representative chemically-sensitised (gassed) emulsion. The proposed degrees of non-ideality of the two different blasting agents are indicated by the Gurney ratios, determined from existing cylinder expansion testing data. The influence of the non-ideal detonation properties on blast design and performance are also compared using a series of theoretical, equal powder factor open pit blasting patterns with hole diameters ranging from 102 mm to 270 mm. The non-ideal shock energy factor (NSEF), which is the available shock energy per tonne of blasted material (MJ/t), is used to compare the different blasting patterns as charged with either ANFO or the gassed emulsion of equal charge density (0.85 g/cm3). The intended purpose of this investigation is to provide explosive users with an approach to compare different explosive types or charge diameters in the absence of dedicated non-ideal detonation modelling, which is generally not available to explosives users.The results of the comparisons suggest that at low charge densities, the example gassed emulsion displays a higher velocity of detonation (VOD) than ANFO in smaller charge diameters but similar degrees of non-ideality (based on proposed Gurney ratios). The results also suggest that the confined, non-ideal gassed emulsion VOD at hole diameters greater than 270 mm can be less than ANFO due to the low density effects on the emulsion matrix. The differences in non-ideal detonation properties and Gurney ratios between the ANFO and gassed emulsion resulted in gassed emulsion NSEF values ranging from 15 per cent lower to 65 per cent higher than ANFO for equal powder-factor patterns in blasthole diameters from 102 mm to 270 mm.

Nov 8, 2011

By F Burns, G Peachey

The Hidden Valley process plant has recently undertaken a program to relieve process flow bottlenecks and improve process automation. An environment of cost reduction and restrained capital necessitated solutions that primarily utilised existing equipment and internal resources. Removing bottlenecks relieved pressure from a strained circuit that was unable to maintain consistent performance. Improved process automation firstly stabilised the process, then allowed the circuit to sustainably operate at the expanded capacity limits. These allowed implementation of an operating approach that focused process operators towards identifying and resolving process disturbances in advance. Plant recovery and throughput have markedly improved as a result.CITATION:Burns, F and Peachey, G, 2014. Recent process improvements at Hidden Valley gold mine, in Proceedings 12th AusIMM Mill Operators’ Conference 2014 , pp 43–54 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Sep 1, 2014

By T E. Hayward, D H. English, S J. Smith

Gold mineralisation at Bendigo is exclusively associated with quartz reefs, commonly found within or near anticlinal fold hinges. The gold is typically coarse grained (0.5 mm to 5 mm), free milling and displays a complex, nuggetty distribution within the veins. This ore is highly amenable to gravity recovery processes. As the Bendigo operation is not permitted to treat whole ore by a cyanide leach/CIL circuit, the flow sheet is more complex than conventional gold recovery circuits. Primary gold recovery is from a gravity circuit closing the grinding circuit to a bulk gravity concentrate and from a flotation circuit treating cyclone overflow to a bulk float concentrate. The plant capacity is relatively low by current gold industry standards at 600 000 tpa. Re-establishing gold production at Bendigo has presented several challenging, and sometimes competing, issues in process design and operation. The mine, process plant, associated services and infrastructure are at Kangaroo Flat, a low density, semi-rural zone in the southern urbanisation of the Bendigo metropolitan area. One of the main processing challenges during the design was the competing comminution requirement to avoid over-grinding, which would flatten or smear the characteristic nugget gold and hinder effective gravity gold recovery, whilst also providing sufficiently well liberated particles that would respond well to flotation. Important, non-metallurgical challenges were to minimise impacts on the local community from noise, dust, air emissions, visual impact, water egress and off-site traffic.

Jan 1, 2007

By A Woodley, N C. Kunz

A mine site water balance is important for communicating information to interested stakeholders, for reporting on water performance and for anticipating and mitigating water-related risks through water use/demand forecasting. Gaining accuracy over the water balance is therefore crucial for sites to achieve best practice water management and to maintain their social license to operate. For sites that are located in high rainfall environments the water received to storage dams through run-off can represent a large proportion of the overall inputs to site; inaccuracies in these flows can therefore lead to inaccuracies in the overall site water balance.Hydrological models that estimate run-off flows are often incorporated into simulation models used for water use/demand forecasting. The Australian Water Balance Model (AWBM) is one example that has been widely applied in the Australian context. However, the calibration of AWBM in a mining context can be challenging. Through a detailed case study, we outline an approach that was used to calibrate and validate AWBM at a mine site. Commencing with a data set of monitored dam levels, a mass balance approach was used to generate an observed run-off sequence. By incorporating a portion of this observed data set into the calibration routine, we achieved a closer fit between the observed versus simulated data set compared with the base case. We conclude by highlighting opportunities for future research to improve the calibration fit through improving the quality of the input data set. This will ultimately lead to better models for run-off prediction and thereby improve the accuracy of mine site water balances.CITATION:Kunz, N C and Woodley, A, 2013. Improving the accuracy of mine site water balances through improved estimation of run-off volumes, in Proceedings Water in Mining 2013 , pp 267-272 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Nov 26, 2013

By T N. Little

The aim of any rock breaking activity is to achieve success by developing designs that are blasting objective-specific and geology-specific, and then implementing such designs. This paper targets mining geologists with the aim of extending their knowledge of the rock fragmentation processes and providing insights to the significant relationships between geology and blasting. There are two main relationships, and if mining geologists appreciate both these relationships, then they can play a key role in optimising production. The business risk continuum is introduced to support this understanding. The first relationship is between geology and potential blasting hazards, and the operational complexity required to manage those risks. The risks associated with eight different ground types are discussed in terms of ground conditions, hazards and controls. These types are: reactive ground, hot ground, geothermal ground, fibrous ground, cavernous ground, combustible ground, pyritic ground and conductive ground.The second relationship is between the bench geology and blasting results. The blasting results discussed include: muckpile characteristics, remaining rock faces and blasting emissions. In this regard, some detailed insights and graphical examples are given for the influence of geology on blasting emissions, in particular, vibration, airblast and flyrock.A detailed description of the geological materials themselves can convey much useful information for blasting operators provided they are able to utilise this knowledge. Geologists are ideally suited to provide this description more effectively if they are familiar with the blasting process and the rock mass properties that influence blasting hazards and blasting results. It is also important to have clear statements of blasting objectives and associated operational targets, and this will maximise the likelihood of achieving the desired outcomes. The main aim of the paper is to highlight that geology is currently not fully utilised in the blasting process. In this regard, geologists are often not entirely aware of the blasting process and how they can contribute. The two significant relationships discussed above are integral parts of this process, and thus they are discussed as separate issues in the main body of this investigation.

Aug 22, 2011

By J Butler, N Patel, S Narendranathan, S Rastogi

The Yallourn Mine (YM) commenced mining of brown coal in the 1920s under operation by the State Electricity Commission of Victoria (SECV), prior to it becoming privatised in 1996. The present owners of the YM, Energy Australia Yallourn (EAY), acquired the site in 2000 and intend to continue operations until scheduled closure in 2028. Brown coal extracted from the YM is fed into the Yallourn Power Station which supplies approximately 22 per cent of Victoria’s electricity. Water within the YM is collected and stored in the Township Field Fire Service Pond. Water levels within the Fire Service Pond (FSP) may fluctuate considerably depending on the requirement for storage at the site. With due consideration to the stability performance of mine batters adjoining the FSP, the authors performed slope stability assessments to evaluate the risk and consequence of batter instability during the potential pond filling as it approaches the ‘critical pool’. The critical pond is defined as the level at which the driving forces (destabilising forces) are at their greatest and the resisting forces (lake forces, friction) are at their lowest. This assessment was undertaken using the Mine Geotechnical Risk Index (MGRI) approach.

Aug 2, 2023

By A Remes, A Dennis, M Talikka, T Kotiranta, S Horn

A mine project combines vast amounts of information from various disciplines including but not limited to geology, mining, metallurgy, technology, environment and economics. In many cases, all relevant information is not fully shared between all disciplines. Thus, project performance (technical, economical and sustainability) may be evaluated on basis of insufficient information resulting in non-optimal decisions, project execution and risk management. Advances in computing power and simulation software enable various data sets to be incorporated in a single digital platform enabling more efficient and transparent data sharing. In addition, linked data sets and simulation can support assessment and optimization of the project as a whole rather than focusing on optimization of individual events. CITATION:Horn, S, Remes, A, Kotiranta, T, Talikka, M and Dennis, A, 2018. Evaluation of sustainability of copper production value chain from ore to metal using advanced simulation, in Proceedings Life-of-Mine 2018, pp 87–89 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Jul 25, 2018

By A Keogh, P Allen, P Stoker

"An EXTENDED ABSTRACT is available for download. A full-length paper was not prepared for this presentation. Private equity (PE) firms are comparatively free of mandatory requirements for the level and scope of due diligence applied prior to making investment decisions in minerals projects when compared to listed entities, sovereign funds or financial institutions adopting the Equator Principles (Equator Principles Association, 2013). While this freedom allows for flexibility, agility and innovation in making investment decisions, it can also expose PE firms to material risks that may impact their ability to successfully list the projects or attract later financing.Financial institutions and investors with mandatory due diligence and disclosure standards may refrain from investment in or acquisition of a project if it fails to meet various performance requirements. There are many high-profile projects that have suffered significant write-downs on book value after acquisition because specific non-mining issues were not adequately assessed. Thus, a PE firm may be left with an asset that is difficult to divest and incapable of securing development finance.PE firms can manage this risk by being aware of the growth trend in the adoption of ‘international standards’ in addition to host nation standards and legislative requirements. This paper outlines key issues for PE firms to address to maximise the chances of obtaining funding or successfully taking an exploration or mining project through to listing or divestment. Two steps are required: identification of gaps in performance and priority matters of interest to financial institutions and development of action plans to ensure that the priority requirements are met or capable of being met.A PE firm can set its project for success by understanding the social and environmental performance requirements of international standard financiers and by setting the project on the right path to meeting these requirements, and thus making it an attractive investment.CITATION:Allen, P, Stoker, P and Keogh, A, 2015. Setting for success – private equity exploration and mining project buy-in to listing and divestment , in Proceedings PACRIM 2015 Congress, pp 93–100 (The Australasian Institute of Mining and Metallurgy: Melbourne)."

Mar 18, 2015

By H Fukaya T Miki, J Gamutan

Molybdenum disilicide (MoSi2) is a promising material for thermal applications due to its excellent heat and oxidation resistance. It can operate at temperatures of up to 1800°C as furnace heating elements and protect refractory metals such as molybdenum from rapidly reacting with air to form volatile molybdenum oxides at elevated temperature. In this work, the feasibility of forming MoSi2 on a molybdenum substrate by hot dipping in a silicon-saturated molten metal bath was investigated. This method is simple, predictable and can be used to coat large components and complex parts. It was found that tetragonal MoSi2 can be successfully synthesised on the surface of the substrate after dipping for 15 mins at 1000°C using molten tin (Sn), bismuth (Bi) and copper (Cu) baths. The growth of the MoSi2 layer was fast within the first 15 mins and then gradually slowed down with time. After dipping for 60 mins at 1000°C, the thickness of the MoSi2 layer were measured as 441.5, 19.5 and 13.1 μm for the copper, tin, and bismuth baths, respectively. The MoSi2 coating synthesised in this study provided oxidation resistance at 1150°C by forming a protective SiO2 layer on the surface. The SiO2 layer prevented the sample from rapidly oxidising by inhibiting direct contact between the molybdenum substrate and oxygen in the atmosphere. Compared to conventional methods, the proposed hot dipping method produces a MoSi2 layer more rapidly and at much lower operating temperatures. This makes it a more attractive option for coating large and complex components, with the potential to enable the use of MoSi2 in a wider range of applications.

Jun 19, 2024

By C Li

Removal of gangue minerals from ilmenite concentrates can be accomplished by relatively low temperature roasting in controlled gas atmospheres to selectively enhance the magnetic separation characteristics of the ilmenite. At roasting temperatures below 800¦C the magnetising reactions are often not consistent with phase equilibria considerations. Metastable phases can nucleate and control the roasting products. In weathered ilmenites the phase assemblages and microstructures in the altered ilmenite grains can influence the roasting reactions. In this paper we give an overview of the phase chemistry of chemically weathered ilmenites and of metastable phases formed by low temperature roasting. We also report the results of roast experiments conducted in a neutral gas atmosphere. Major increases in magnetic properties after short roasting times at low temperatures were obtained for a range of ilmenite concentrates. For example heating a secondary ilmenite concentrate from Western Australia for 15 minutes in nitrogen at 600¦C gave an increase in the three kilogauss magnetic fraction from three to 92 wt per cent. The solid state phase changes accompanying the inert atmosphere roasts were characterised by combining elemental analyses with quantitative phase analyses of the ilmenite concentrates and their roast products. It was found that the phase reaction that is principally responsible for the increase in the magnetic properties of weathered ilmenites involves a transformation of disordered ferrous-containing pseudorutile to an ordered ilmenite-hematite solid solution containing typically ten to 35 mole per cent of the hematite component. Examples are given of the application of the inert atmosphere roast to effect separations of ilmenite from gangue minerals.

Jan 1, 2001

By White A. H, Gillies A. D S

In recent years the Australian gold industry has gone through a major expansion phase. The need for finance has led to adoption of different approaches such as the well known gold loan, forward selling, equity participation by suppliers and equipment leasing. During early periods of the expansion, significant new equity was raised chiefly for high risk exploration ventures. The major form of new equity finance was ordinary shares, often in 'No Liability' companies. The increasing capital requirement of the huge new development projects of the 1980s also spurred the use of debt finance. This trend was accelerated as high inflation and the taxation advantages of debt finance made borrowing attractive. This paper reviews major financing techniques used by the Australian gold industry with particular emphasis on the innovative financing techniques initiated recently. An analysis has been undertaken of the effects on the industry of issues such gold loans, forward selling, equity participation by suppliers, fly-in fly-out operations, contractor mining and equipment leasing. In order to achieve a better understanding of the innovative financing techniques, a survey of already published financial data from well known Australian gold mines was carried out. Data was collected from various published financial reports of gold mining companies. In addition, a questionnaire survey was sent to gold mining companies to assist the collection of further information. The results of this study show that there are a significant number of gold mines variously using gold loans, forward sales, contractor mining and fly-in and fly-out arrangements to finance their projects. Only four operations have vendor suppliers investing capital funds in their projects. Based on the findings of this study, conclusions and recommendations are drawn that these approaches are likely to be with Australian gold industry for some time in the future and will continue to be intensively applied to finance gold projects.

Jan 1, 1994