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The most frequently applied project evaluation criteria are the Net Present Value, the Internal Rate of Return, and the Pay Back Period. Unfortunately, the Internal Rate of Return and the Pay Back Period, if interpreted according to their traditional definitions, easily produce results which contradict the Net Present Value. The reasons for the Net Present Value incompatibility of the two criteria are that these criteria have not been adequately defined and so new, complete definitions are recommended. The concept of the True Rate of Return is proposed as a substitute for the interest rate that the Internal Rate of Return has been believed to represent. The redefined Internal Rate of Return and Pay Back Period criteria, as well as the True Rate of Return are all Net Present Value compatible and can, therefore, serve as independent project evaluation criteria. Also, the correct approach to the evaluation of mutually exclusive alternatives and the status of the often neglected borrowing projects in project evaluation are found to be quite important.

Jan 1, 1991

By A L. Stewart, M Baatar

"An EXTENDED ABSTRACT is available for download. A full-length paper was not prepared for this presentation.The Middle Palaeozoic Gurvansaikhan Belt (Southern Mongolia) of the Central Asian Orogenic Belt is one of Central Asia’s most significant emerging porphyry copper provinces. The belt has become the focus of extensive exploration for porphyry copper-gold deposits over the last decade following the discovery of the giant Oyu Tolgoi porphyry copper-gold deposit. The Gurvansaikhan Belt is known to host porphyry deposits of Late Devonian (~370 Ma) and Early Carboniferous (~320 Ma) age. The characteristics of Early Carboniferous porphyry systems are poorly known compared to their older counterparts, despite their probable abundance and potential economic significance. Exploration within the Kharmagtai porphyry breccia complex has identified multiple cogenetic gold-copper-porphyry centres and late-stage mineralised magmatic-hydrothermal tourmaline breccias emplacement within a composite high-K calc-alkaline quartz monzodiorite intrusive complex. Early porphyry alteration and mineralisation at Kharmagtai are zoned around vertically attenuated early- and inter-mineral quartz monzodiorite dykes and stocks and comprises a complex sequence of calc-potassic, potassic and propylitic assemblages. Hematite dusting is a common alteration product that gives intrusions and the host rocks a distinctive pink-orange colour. Several of the systems have bornite-rich cores, where mineralisation is characterised by high gold grades (0.7 to >5 g/t Au) that zone outward to chalcopyrite-rich and then outer pyritic halos. Early stockwork mineralisation is overprinted by magmatic-hydrothermal tourmaline breccias. High-grade magmatic-hydrothermal tourmaline breccias form part of a major copper-gold mineralised breccia system with significant exploration potential. The Early Carboniferous porphyry copper-gold systems of the Gurvansaikhan Belt represent a substantial exploration challenge in an area of increasing exploration maturity. This paper summarises the characteristics of the Kharmagtai porphyry system that have helped to define the Early Carboniferous porphyry province of the Gurvansaikhan Belt and discusses implications for future exploration.CITATION:Stewart, A L and Baatar, M, 2015. The Kharmagtai porphyry breccia complex – characteristics of early Carboniferous porphyry mineralisation in the Gurvansaikhan Belt, Southern Mongolia, in Proceedings PACRIM 2015 Congress, pp 383–388 (The Australasian Institute of Mining and Metallurgy: Melbourne)."

Mar 18, 2015

By J Lyons, S Baker, D MacHunter, D Pepper

Mineral processing plants require a storage buffer to bridge differences in production rates between mining and processing. Where coarse ores are processed, such as coal or hard rock, this buffer may be an ore stockpile or silo. For wet-mining processes, eg dredging or hydraulic mining, or where fine ores are slurried close to the mining face, a surge-bin is used to contain the plant feed and smooth out the variations in mining rates. These bins have gradually evolved from simple storage vessels to units that are now frequently part of the mineral separation process itself, such as providing a desliming function to remove deleterious ultrafine gangue. This feed conditioning is often essential to achieve the levels of plant performance required in times of declining ore grades and or where inherent ore characteristics make separations harder to achieve. To achieve these dual roles requires careful consideration of bin design factors such as geometry and lining selection and increased use of instrumentation and advanced, or remotely supervised, control systems. All this ensures they provide capacity to smooth out variations in mining rates and guarantees that when conditioning ores or adjusting slurry densities ahead of the plant it is achieved without loss of valuable minerals. This paper examines the evolution of the modern surge-bin from a simple, so called, constant density tank with its inherent mass-flow compromises, limited feed preparation and beneficiation abilities, and footprint penalty, to a current state-of-the-art surge-bin, the LFCU, with a control system which provides demonstrable steady outputs, while conditioning and in some cases beneficiating the ROM material and all from a highly compact unit. It further discusses their use in other applications around the world, for example providing the necessary security for long distant high-density pumping systems; constant high density, low water usage, tailings disposal pipelines and high capacity ultrafine iron ore beneficiation.

Aug 24, 2022

By R Lau

In recently completed road tunnel projects in Queensland, such as the Airport Link and the Clem7 tunnels, there is a smoke duct running along the roof of the carriageways to extract smoke in case of fire. In New South Wales, no road tunnels have a smoke duct. In the Melbourne City Link tunnels, there is a small smoke duct running along the roof. All of the tunnels are safe as claimed by the designers and authorities. However, there is significant cost associated with providing a full size smoke duct compared with no smoke duct. This paper is going to present a comparison of the road tunnel safety with a smoke duct and those without one from a risk perspective. It further discusses the cost-effectiveness of such provisions and whether similar levels of safety could be achieved without a smoke duct.CITATION:Lau, R, 2014. Smoke duct or no smoke duct for road tunnels, in Proceedings 15th Australasian Tunnelling Conference 2014 , pp 83–86 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Sep 17, 2014

By Kavetsky A

A new model of flotation is presented which allows predictive calculations of total solids flows and metal grades and recoveries to be made for industrial flowsheets. A method of making these calculations is presented and illustrated with examples. The problem of determining sufficient flotability characteristics from a sample of circuit feed to predict the behaviour of that specific ground ore in the flotation circuit (ie performing flotometric analysis) is addressed, and some suggestions are made for its solution. A feature of the flotation model is its practical technological orientation, allowing determination of a small number of ore flotability parameters by fitting observed batch kinetic flotation data. The unit model explicitly includes the cell aeration as total bubble area per unit pulp volume, and pulp residence time. Although more complex unit models are feasible, it is thought that this model is sufficiently realistic to illustrate the points made. The modelling approach is illustrated by application to flotation data from a Kambalda ickel circuit. The model is parameterised and ore flotability parameters are back-calculated from batch kinetic data. These parameters are then used to fit the observed behaviour of the industrial circuit by numerically adjusting the unit aerations. Finally, it is shown how the model may be used to predict the effect of circuit and ore changes on the circuit's technological indices.

Jan 1, 1992

By R Saha, D Barry, C Mawdesley, O Bertoli

Kriged estimates are not typically calculated on blocks substantially smaller than the sample spacing (eg the Standard Mining Unit or SMU). Moreover, the sample spacing for quality variables is often much greater than the SMU size. For short to medium term planning decisions, the shorter term variability in the quality variables is a key economic consideration in defining, setting and meeting coal product specifications.Global uncertainties can be calculated using Drill Hole Spacing Analyses (DHSA). However, knowing the precision of a variable for a one or two year production volume is usually not adequate for variables with low spatial continuity that may fluctuate significantly over daily, weekly, SMU, or shipment volumes.Is there a feasible, reasonable and valid geostatistical method to model the uncertainty of coal quality variables on blocks substantially smaller than the drill spacing (say on the SMU)?The validity of using co-kriging variances, calculated on SMUs to characterise local uncertainty, was tested using a suite of conditional simulations generated for several quality variables for BHP’s Blackwater operation. The conditional simulation results were used as a benchmark against which the results derived from the kriging variances could be compared.The agreement between the kriging and simulation methods for thickness is excellent, with much closer correlations than for the quality variables. Typically, the kriging variances give very reasonable approximations to the simulation-based uncertainties, although there could be some systematic discrepancies which may become much more critical if a classification is to be based on a thresholding of the SMUs relative uncertainties.CITATION:Mawdesley, C, Barry, D, Bertoli, O and Saha, R, 2017. Local uncertainty benchmarking – a coal case study, in Proceedings Tenth International Mining Geology Conference 2017, pp 43–50 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Sep 20, 2017

Although laterite ores already provide a significant proportion of the world's nickel and cobalt production it is anticipated that they will surpass sulphide ores as a source of nickel in the next century. The most recent period of greenfield nickel project construction was during the 1970s when it was notable that all of the eight new plants were based on treating laterite ores. This was because of the relatively large selection of available high grade laterite ore deposits amenable to cheap open cast mining and a paucity of high grade sulphide ore prospect alternatives. Of the three processing options for treating laterite ores: 1. smelting for the lower horizon saprolite ore, 2. ammonia; and 3. acid leach for the upper horizon limonite ore, smelting currently accounts for about 80 per cent of nickel production. In the future, as saprolite ore grades decline because of relatively high exploitation rates, the incentive to process the large untapped reserves of limonite ore will increase. The high cobalt content of limonite ore also makes it ideally suited to processing by a hydrometallurgical rather than smelting route. With only two exceptions, all saprolite smelting operations have a Class 2 nickel end product (largely ferronickel) and do not produce a cobalt by-product. As a result of technological advances, the modified ammonia leach process for limonite and transition ore as undertaken at Yabulu, now allows the production of pure nickel metal as a Class 1 product, along with significant tonnages of cobalt by-product. The mixed Ni-Co sulphide intermediate product of the pressure acid leach processing of limonite ore at Mon is converted to Class 1 nickel and cobalt metal at Fort Saskatchewan, Canada.

Jan 1, 1996

Project Hobson involves the replacement of an existing 90-year-old above-ground sewer that crosses Hobson Bay in Auckland, New Zealand, and which is nearing the end of its economic life, with a 3 km long, 3.7 m internal diameter segmentally-lined bored tunnel. The $118 M project will offer several benefits to the owner, Watercare Services Ltd, and the local community:provide capacity to meet projected growth in the region,virtually eliminate wastewater overflows into Hobson Bay and the Waitemata Harbour, andremove an obtrusive visual feature and open up the bay for recreational purposes. The geology in the region is a sedimentary formation, which has been significantly influenced by volcanic activity; 49 volcanoes are present within 20 km of the nearby city centre. The geology along the alignment is dominated by two palaeovalleys which have been infilled with a combination of marine alluvium and volcanic deposits. Watercare Services Limited has elected to manage and share tunnelling risk through, among other key measures, the implementation of a geotechnical baseline report (GBR); one of the first uses of this type of document in Australasia. This paper describes the general principles behind the use of a GBR, the development of the GBR used in Project Hobson and some lessons learnt.

Jan 1, 2008

By M Stewart, J Petrie, L Basson

This paper explores tools which have the potential to promote and assess the formation of partnerships between the minerals and energy industries to enhance the economic, environmentally responsible and socially acceptable use of energy. There is a need to look at energy provision and energy services in an integrated manner with key drivers for economic development û both locally and regionally. The minerals sector will remain highly significant to regional economic development in a number of globally significant regions in the medium term. Furthermore, mining, minerals and metalsÆ projects are both consumers and, in some cases (potential), generators of large amounts of energy (electricity included). It is therefore appropriate to focus on the promotion of partnerships between energy providers and the minerals sector which seek to improve resource efficiency within the combined minerals/energy envelope, guided by the tenets of Sustainability.Whilst there has been considerable development of systems analysis tools in recent years to address this sort of æcomplex systemsÆ analysis (Life Cycle Management, Cleaner Production and Industrial Ecology arguments for example), there is no effective roadmap available to decision makers to guide the selection and exploitation of these tools in different contexts. Our previous work developed a Decision Support Framework (DSF) which provides some guidance here, but only within the context of coal-based power generation. The DSF employs the tools of Multi Criteria Decision Analysis (MCDA), within which trade-offs between competing objectives are explored in such a way that alternatives can be compared without necessarily reducing all the different cost and benefits to a common basis (eg a monetary basis). Even if the existing DSF is extended to include all aspects of supply-side management, it is still lacking the necessary tools to analyse energy providers as dynamic network partners within minerals projects (or indeed any resource or manufacturing sector). New models are required for this, which firstly, seek to characterise such network structures, and secondly, enable the application of the necessary analytic tools to exploit these partnerships and networks for optimal performance.This paper explores the development of such an integrated set of network analysis tools, and their relation to the DSF. Due consideration is given to the choice of the attributes needed to characterise partnership linkages and network integrity (eg security of supply of electricity), and the efficiency of material transformations within any node of the network (as a function of energy consumption), and the impact that this has on the viability of other linkages (eg due to reduced availability of raw materials). We discuss how these perspectives help shape the form of objectives to be considered by MCDA.

Jan 1, 2004

By J Player, P Evans, G Sweby

Achieving quick underground access after the completion of an open pit mine can be critical to maintaining project value and ensuring regular ore feed to the mill. This paper outlines the design and construction for two portals in an active open pit to commence underground development quickly whilst installing appropriate ground control to maintain long term access in an uncertain setting. Implementation of the portal designs was complicated by the change in underground design from hangingwall access to footwall access late in the life of the open pit due to preferable ground conditions. The portal locations did not have easy access for ground support installation integrated into the pit design due to the timing of the underground design changes. Practical implementation of the ground support systems subsequently became a key part of the project. Intact rock strength, rock mass characteristics, gradational weathering / alteration profile and structural information were modelled against pit displacement monitoring as the basis from which the portals were located and ground support schemes designed. Conditions around one of the portals necessitated numerical modelling to estimate the appropriate level of ground control for long term stability. The design was completed whilst the open pit was actively on-going and the portal areas not entirely exposed. The rock mass assessment and analysis for the two portals indicated different ground support scheme capacities would be required. The expected level of control for one of the portals also necessitated the use of monitoring with extensometers and load cells to ensure the rock mass response and ground support scheme performed as planned. Construction of the portals demonstrates the benefit of a considered design process, a plan which allows practical installation of ground support schemes where access is limited, the benefit of ongoing monitoring to ensure performance remains within design limits and the challenges involved working within an active pit with limited floor space.

Mar 15, 2021

By A Finch, C Pridmore

The Cosmo Project falls within the Archaean to Palaeo-Proterozoic Pine Creek Orogen, one of the major mineral provinces of Australia.The Cosmo Deposit is interpreted to be a series of steep north-west-plunging gold mineralised vein, breccia and shear systems within the tight Howley Anticline and hosted within interbedded siltstones, mudstones, banded iron, phyllites, dolerite sills and greywacke.A folded environment poses a number of technical challenges, particularly for estimation.Handling of tightly folded and in some cases narrow domains might include subdomaining for orientation, omni-directional three-dimensional (3D) estimation within constrained domains or software-enabled unfolding/un-wrinkling procedures (transformation of the data and estimate space into a two-dimensional environment). Each technique has its own unique set of advantages and disadvantages.A further method (one applied at Cosmo) is where the estimation parameters (specifically search and variography orientation) are modified in a frequent or ‘dynamic’ sense to suit the orientation of the domain whilst maintaining 3D space. Control of the resource estimation orientation can be done in several ways, including the use of sectional panels of a specific size or, alternatively, orientation sector divisions. The sector approach provides some significant reductions in processing time over the panel technique and could be applied in a number of software packages.Three-dimensional ‘dynamic’ interpolation reconciles well with production data from Cosmo, whilst the sector method provides a practical technique that can be executed without the complications of transformation or the need for labour-intensive orientation subdomaining and with acceptable resource estimation run time.CITATION:Finch, A and Pridmore, C, 2014. Dynamic interpolation – estimation in a folded environment at the Cosmo Deposit, Northern Territory, Australia, in Proceedings Ninth International Mining Geology Conference 2014 , pp 107–114 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Aug 18, 2014

Multi Torque Industries and Jadefoil have developed a safer, more efficient method of explosive protection, retention, placement, and constraint. In particular, this refers to advancements in airbag technology, where the system will offer an alternative to conventional gasbags and decking methods to provide a far more controlled and safer working environment. Airbags have provided operator control and reliability which has not until now been possible in this type of application. The benefits have been noted by current users and the advantages have provided an increase in productivity and significant savings in explosive waste. Obvious problems with gasbags lie in their instability in hot conditions where the danger is associated with gas canisters exploding with great force posing a significant risk to operators. Other problems associated with the decking systems currently on offer is the lack of versatility and operator control. The airbag systems give the operator full control to guarantee accurate placement, assured retention whilst boasting a quick operation of less than a few seconds for conventional void blocking, decking and plugging. One of the main advantages of the airbags is that the operator has full control over placement and retention force, therefore in wetter conditions where slippage can be a problem extra air can be added at the operatorÆs discretion to ensure a sufficient grip. Technical calculations coupled with experimental testing have demonstrated that an airbag will support the weight of a 30 m water column in an 89 mm hole at an initial bag pressure of 5 psig. Applications are increasingly growing whilst more customers embrace their use. Advancements such as the ability to deck in overhead holes, block voids in overhead holes at any depth, explosive retention in very wet conditions, longhole stabilisers to prevent hole closure and concertinaed liners reflect a dynamic potential for new technologies. All of these applications provide a decrease in explosive waste, an increase in operator safety, an increase in explosive protection, and an increase in productivity.

Jan 1, 2004

By J Player, G Sweby, S Webber, E Jones

Seismic systems are a tool for the monitoring and forecasting the rock mass response to excavation. Common issues encountered at mine site audits and reviews are: how to design an effective seismic system, implementation of the design, interpretation of seismic source results and understanding the reliability of the seismic source. These issues are often a function of several items including: • Experience of site personnel in undertaking seismic system design. • Personnel not envisioning multiple phases of system expansion to understand system robustness issues. • System design/expansion occurring in response to damaging seismic activity rather than planned expansion of a system • The mine access development is often localised in comparison to the total orebody being mined hence, planning sensors in longholes in advance of development rather than in short holes close to development will improve the three-dimensional aspect of the network. • Limited site processing of the seismic event data, hence engineers do not see the uncertainty associated with event location, size, source and system layout. Mine site users require a framework to appreciate the challenges and limitations in locating large events. For example, event locations are given as precise measurements (to the nearest centimetre) whereas the volume of deformation resulting in the event often has dimensions of tens of metres or more (as defined by the source radius). A stronger awareness of the uncertainty of rock mass yield within large seismic sources will assist site users in the interpretation of rock mass damage. The encountered design and implementation errors are reviewed and discussed with a practical set of rules presented to provide a robust seismic system that provides consistent results and increases the user’s understanding of uncertainty in source location and size. The authors’ experience across multiple mine sites, seismic systems and damaging seismic events over a 30 year period has been summarised into practical rules for site personnel of all experience levels.

Nov 29, 2022

By A Roshal

It is anticipated that many future uranium mines in Australia will be using the in situ leaching mining process. It is fair to say that close to one third of uranium production will be generated by this method, whilst the other two thirds will fall on the uranium generated from hard rock mining and other mining methods, such as traditional open cut mining. For other types of deposits the in situ leaching mining method will remain the best technological, commercial and environmental alternative. It is important to identify and prevent all risks involved in uranium mining. The expertise in this subject is limited. Over the years there was only one mine using the in situ leaching process for uranium extraction in Australia. Computer simulation of propagation of leachate during and after the uranium in situ leaching is a crucial factor, not only for addressing the environmental concerns, but also for the most efficient recovery of the deposit. The decontamination can be modelled for a period of up to 100 years, with the acid neutralisation forecast for a period of up to 400 years. The results of the modelling are paramount for definition of the reserves, efficiency of the mining method and the environmental impact statement. The accuracy of the hydrogeological modelling and carefully selected environmental management program enables a mining company to quantify and minimise the impact of the mining activities on the regional aquifer and to prevent environmental disasters. In the study, the completed hydrogeological model allowed the client, the authorities and the community to make an informed decision about the environmental impact of the in situ leaching of uranium. In particular, the model proved that neither during the mining, nor during the neutralisation the toxic elements would interact with the local catchment area.

Jan 1, 2008

By D Bush, F Goddard

The electrification of Australian mine sites will see a boom in the use of batteries of all chemistries. Lead acid batteries, a traditional mainstay of the mining industry, are expected to nearly double by 2030, however their use will be eclipsed by the explosive growth in lithium batteries. By 2030 the lithium battery market is forecast to be nearly four times the size of the lead acid battery market. Unfortunately, this will result in a corresponding avalanche of waste batteries to be disposed of. Barely a day goes by without battery generated fires being reported in the media and they have become an increasing nightmare for waste management companies and waste facilities. The safe recycling of batteries will also become increasingly important for mine sites to achieve their sustainability goals and reduce their environmental footprint. What are the risks posed by waste batteries, what are the regulatory requirements and how can you manage or eliminate these risks? What current practises does your mine site currently have for the safe management and disposal of batteries from your site? How prepared are you for the coming avalanche of waste batteries?

Apr 16, 2024

By J Purandare, D Murdoch

The goal of the life-of-mine plan is to ensure that while the site is left safe, stable and non-polluting, the landscape is such that optimal use can be made of the site post-mining and closure. However, in the face of evolving shareholder expectations and the current international economic climate, numerous mines are ceasing operations and moving into a care and maintenance phase. These changes bring with them a high degree of community concern, not only about the potential legacy of closed operations, but also those mines that continue to operate.While mines across Australia are committed from the earliest planning stage to develop clearly defined post-mining land use and landform objectives, broader expectations related to these objectives may change and evolve during the life of the operation. This is especially the case where a mining operation has a project approval where the land use objectives are aligned to land capability and land use commensurate to that which occurred premining. CITATION:Murdoch, D and Purandare, J, 2016. Optimising land for beneficial use during and after mining, in Proceedings Life-of-Mine 2016 Conference, pp 166–167 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Jun 28, 2016

This paper gives the background to the development of solvent extraction processes for the recovery of metals from aqueous solutions. Its growing importance in Australia for the recovery of both uranium and copper is dis- cussed, as well as the developments in mixer-settler design as applied to recent plants. The economic significance of solvent extraction as an alterna- tive to cementation is discussed and important features of each process are highlighted by comparison of costs for each process in a hypothetical situa- Tion.

Jan 1, 1971

By D Beck, E Jones

The measurement and management of deformation in underground excavations is a key responsibility of geotechnical and mining engineers. A critical aspect of these roles is to ensure there is sufficient ground support capacity for the expected demand.Current methodologies for monitoring deformation and ground support serviceability-limits require measuring displacement at distinct points, or using visual observations. These current methods limit the assessment to a qualitative interpretation of deformation across the entire excavation.Recent advancements of Light Detection and Ranging (LiDar) technology permit a new method for monitoring deformation that allow a full 3D image of extended sections of an excavation to be precisely scanned. The results from the comparison with subsequent scans provide valuable information on the magnitude, direction and extent of regions exceeding the ground support serviceability-limits. This new method now provides a quantitative assessment across the entire excavation being monitored.The implementation of regular scanning has been demonstrated to be highly advantageous not only at mines with swelling or squeezing ground, but also at mines with rapid seismic induced deformation. The use of LiDar technology as a routine deformation measurement tool for geotechnical and mining engineers (and further applications) are discussed in more detail in this paper.CITATION:Jones, E and Beck, D, 2017. The use of 3D laser scanning for deformation monitoring in underground mines, in Proceedings 13th AusIMM Underground Operators’ Conference 2017, pp 267–270 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Oct 16, 2017

By Brown DJ, Croghan JA, Denby B

The paper describes the development and analysis of an instability database to establish a new method of slope stability assessment for U.K. surface coal mines. The concept is based upon a Stability Index, which relates to the probability of failure of a slope. This forms the basis for a geotechnical planning software package to be incorporated into a computer aided mine design system , which is currently under development.

Jan 1, 1986

By D Phillips

One of great challenges is to determine the exact timing of gold mineralisation in centralVictoria due to suitable materials and/or geochronological techniques. Here we report new mica and pyrite 40Ar/39Ar age data by laser probe and step-heating furnace analyses, and discuss problems in data collection and interpretation. An EXTENDED ABSTRACT is available for download. A full-length paper was not prepared for this presentation.

Jan 1, 2008