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Valuers will often intuitively express the probability that property value will exceed a certain amount . . . 'I think the chances that the value will exceed $50 million are excellent. The chances that they will exceed $80 million are poor'. This paper shows how it is possible to combine the uncertainties of the value of several key items to provide an estimate of the probability of a certain overall value being achieved. The valuation of a large copper/gold deposit was naturally influenced by uncertainties in the base assumptions of costs and metal prices. Potential acquisition of the property through share purchase raised the issue of what was a reasonable intrinsic value for the shares. Market considerations could be used to appropriately adjust the intrinsic value. After a range of possible metal prices and operating costs were determined, estimates were made of their probable distributions. By combining these probabilities in a random selection, a range of property values was calculated. Each value had its respective probability of occurrence. This allowed a most likely value of shares to be calculated. This paper demonstrates how the valuer's intuition is complemented by numerical analysis.

Jan 1, 1994

By Watson DF

Calculation of the amount of metal in an ore deposit or mining block should be approached by multiplication and integration of appropriate numerical manifolds describing the spatial distribution of the relevant variables, viz. grade, specific gravity and also thickness for bivariate data. Construction of a numerical manifold necessarily involves some form of interpolation but detailed characteristics of this are often not specified in various automatic methods, some of which even provide manifolds with discontinuities. A manifold used in calculations should describe in a geologically plausible way the spatial distribution of the variable of interest. Different approaches to the problem are discussed and compared. Particular computational inconsistencies emerge when "accumulation" is used as a variable in calculations of average grade. If an ore deposit is variable in relation to its sampling and especially if selection of mining blocks according to grade cut-off is a necessary operational decision, the biases introduced by accumulation methods can bring about serious problems of over-evaluation. Modern computational techniques make unnecessary the use of accumulations; because of potential inconsistencies it would seem unwise to use them in any ore reserve computation.

Jan 1, 1987

The mineralogy, maero- and micro-textures of Thackaringa ore are simple and have many counterparts among base metal-quartz-siderite vein type deposits elsewhere.The ore consists predominantly of galena, sphalerlte, chalcopyrite, tetrahedrite, and arsenopyrite in a quartz and siderite gangue. Silver minerals, as such, appear to be lacking and silver values are no higher than in other sulphide ores of this type. These features contrast very markedly with those of the A.B.H. Consols Lode which appears to have emanated from the north end of the Broken Hill Main Lode Horizon during high grade regional metamorphism. The Consols Lode has been regarded as of Thackaringa type, and both are regarded as possibly arising from the remobilization of Main Lode Horizon ore. Whilst this may yet prove to be so it appears that the marked differences in mineral composition between the Consols and the Thackaringa types, would require somewhat different modes of regeneration.Thackaringa ore, as well as A.B.H. Consols ore, on this basis, would necessitate the development of a metahydrothermal ore fluid to account for their present apparently hydrothermal (or pseudo-hydrothermal) constitution...

Jan 1, 1967

By Gordon N

The in situ behaviour of claystone floors associated with the Wallarah, Great Northern and Fassifem Seams has been studied using a comprehensive suite of stress and displacement monitors. The instrumentation was supplemented by in situ and laboratory testing of the claystone materials. The instrumentation demonstrated that the presence of claystone floors is associated with floor heave, extra rib spall, and settlement of the pillar into the floor. Horizontal floor extensometers showed that the depth of extrusion of clay was limited to 1-2 in. A pore pressure transducer installed in a claystone floor demonstrated the possible existence of short-term undrained behaviour of the claystone. Long term swelling of destressed claystone was also documented. Settlement of pillars into claystone floors can be analysed using simple elastic theory. The assumption of plane strain is valid for most claystone thickness/pillar width aspect ratios. Floor heave can be analysed using bearing capacity concepts. However, it is considered that heave is the result of local bearing capacity failure in the rib spall zone. The advantage of this model is that the bearing capacity equation can be applied without resort to unrealistically high factors of safety.

Jan 1, 1992

Gold mineralisation at the Macraes Gold Project is hosted in the Hyde-Macraes shear zone and can be traced for ~30km along strike, although economic resources are confined to a 7 km section in the vicinity of the Macraes township. The shear zone, which typically dips at a low angle (~20 o ) to the NE, is bounded by an upper hanging wall shear and a lower footwall fault. Mineralisation occurs along the hangingwall of the shear zone as well as in low angle concordant shears and stockworks. Ore types include graphitic cataclasites with variable amounts of quartz veining, ælode schistsÆ and quartz-vein stockworks. Rehabilitation at the mine has focused on creating an environmentally benign site dominated by pasture to allow continuation of the traditional pre-mine farming economy. Changing regional economics, continued urbanisation and a reduction in traditional employment opportunities has seen a rethink in the long-term rehabilitation outcomes. The community has recognised that the rehabilitated site will provide the basis of a viable tourism venture and the creation of a Heritage and Art Park (working title æGolden Point ParkÆ) is the culmination of that process.

Jan 1, 2002

Incidental to the progress of a geological survey of the Kalgoorlie goldfield during 1927-28 a number of specimens of telluride minerals were obtained, chiefly with the help of Mr. F. G. Brinsden, general manager of the South Kalgurli mine, and Mr. Ernest Williams, general manager of the Boulder Perseverance mine. This collection was supplemented by a number of small specimens, including the rare copper telluride, which were collected and preseryed from the Kalgurli mine by Mr. A. E. Paton, and also by a few miscellaneous specimens from the collection o{ Mr. S. F. C. Cook, of the Palace Hotel, Kalgoorlie.An extensive knowledge of the rare tellurium-bearing minerals was compiled during the last century from occurrences in Transylvania and Colorado. The recognition of different species has been based on chemical analyses and crystallographic measurements. In a few species there has been an absence of crystalline form, and these, together with the discoveries in this century of rickardite and "weissite" muthmannite and empressite, have depended chiefly on the chemical analysis for identification. On the other hand, the crystalline form of nagyagite and stiitzite has been described in detail, while their precise chemical formulae were doubtfully defined.

Jan 1, 1931

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

This paper focuses on the significant impact that geological information has in relation to the valuation, both equity market and accounting records, of mining companies. There are many different measures adopted by investors and analysts in valuing mining companies. In particular, focus is primarily on calculation of profit as it is the authors primary expertise. The importance of geological information to the calculation of profit (and to many other measures of a mining company performance) is not always understood by the geologist. The aim of this paper is to raise the awareness of geologists (particularly those who are competent persons under the JORC code) of the impact that reserve statements û and changes to û have on profits. This is the first time that this subject has been presented directly to geologists. Similar versions of this paper have been presented at other forums where other important users (directors, auditors, accountants, analysts, investors) or preparers of financial statements have been made aware of the importance of the geological information. In essence, all mining companies prepare annual financial statements, which are adopted by directors and audited. The major items that require judgement generally revolve around two areas û commodity price outlook and the accuracy of reserves and resources. Reserves and resources are important, and that there is undoubtedly a lack of understanding about the assumptions and accuracy of reserves and resources by accountants, directors and auditors, and a general lack of understanding by geologists as to how the information that they prepare is used. Across the globe the majority of mining companies are listed on stock exchanges (with the main exception being nationally controlled mining companies û eg Codelco). In a very simplistic manner, I have divided all mining companies into three types: exploration plays û these companies are still in the finding or proving modeÆ and typically the stock market and investors rely on geological information and remaining cash in determining their assessment of the company; single mine companies û the major items that investors and the stock market look for are reserves, inferred resources, commodity price outlook and discounted cashflow calculations; and multiple mine companies û the investment community and stock market are looking at reserves, inferred resources (generally to a lesser extent at this stage), commodity price outlook, discounted cashflow calculations and profit and loss accounts. Regardless of the type of company, the equity markets, including analysts, try to determine appropriate valuations for mining companies. In doing this the major two areas that require judgemental consideration are the commodity price outlook and the level of reserves and resources. Generally speaking, most mining companies have a strong understanding of their cost structures û in particular their cash costs as distinct from their accounting costs of production û and therefore this area generally gets less consideration than the other two matters mentioned above.

Jan 1, 2003

The ore mined from the Lead Lode of The Zinc Corporation leases consists of a fairly granular mixture of galena, marmatite, chalcopyrite, tetrahedrite, pyrrhotite, pyrite, and lollingite with a gangue association of calcite, quartz, bustamite, rhodonite, mangan-hedenbergite, garnet, fluorite, mangano-calcite and apatite. The silver content of the ore occurs in three minerals tetrahedrite, dyscrasite, and pyrargyrite, the last two mentioned occurring in microscopic association only. Other metallic and gangue minerals are also present in this complex mineralogical association, but do not influence the milling operations.Fortunately, the silver minerals favour the galena and chalcopyrite as their host minerals, thus facilitating the recovery of both copper and silver in the lead concentrate. The ore from the Lead Lode assays from 14 - 18 per cent lead; 3.0 - 4.5 oz silver per tonne, and 9.5 - 12.0 per cent zinc.A parallel lode, known as the Zinc Lode, is well developed in The Zinc Corporation leases. This lode assays from six to eight per cent lead, 1.5 oz silver per ton, 18 - 25 per cent zinc with a siliceous gangue. The common Lead Lode gangue minerals, calcite, rhodonite, bustamite - are very rare in present underground exposures. No metallurgical work was done on this ore during the pilot plant operations.The aim in the milling process is to produce:1. A lead concentrate with the maximum economic recovery of lead, silver, gold, copper and antimony, and minimum zinc content.2. A zinc concentrate with the maximum economic recovery of zinc, cadmium, and cobalt, and minimum iron, arsenic and fluorine content.3. A waste residue containing sufftcient granular material to be utilised as underground fill.In considering the economics of the milling practice the above three requirements plus consideration of the tariffs submitted by the purchasers of concentrates were the deciding factors in the evolution of the present milling practice.Towards the end of 1924 The Zinc Corporation Limited added to and adapted the old zinc tailings plant for the treatment of 5000 tons of crude ore per week. This plant, which operated until January 1936, was in general principles similar to the standard Broken Hill methods of ore concentration, whereby the galena was recovered by the gravity concentration methods of jigging and tabling with selective flotation concentration of the residual galena and marmatite. One important difference from other Broken Hill plants was that the primary grinding of the jig tailing was performed with flint-loaded mills operating in closed circuit with revolving screens. Two primary grinding sections were installed, each consisting of two 5 ft diameter by 10ft long tube mills loaded with flint pebbles working in closed circuit with four 3 ft diameter by 3 ft wide revolving screens covered with 22mesh Toncap woven wire screen with 0.57 mm opening. Each section carried a circulating load of 28.3 tons per hour for a jig.

Jan 1, 1994

By K C. Corin, N Ndamase, M Tadie

Mining operations in arid regions are compelled to reduce their consumption of fresh water. Closed water circuits are an attractive solution and, in addition to reducing freshwater consumption, have the added benefit of reducing reagent consumption as well as the environmental impact by eliminating effluent discharge. Accumulating ionic species have been shown to hinder collector adsorption which reduces the recovery of valuable minerals. Numerous studies have investigated the effect of degrading water quality on collector adsorption however there is very limited understanding as to how this takes place from an electrochemical perspective. This study therefore aims to investigate how the presence of accumulating ionic species at varying concentrations affects the electrochemical adsorption of sodium ethyl xanthate onto galena. The synthetic plant water used in this study comprised of single salt solutions to isolate the effects of the ionic species of interest. The ionic strengths were varied between 0.0242 M, 0.0727 M, 0.1212 M and 0.2426 M which correspond to University of Cape Town (UCT) Centre for Minerals Research (CMR) synthetic plant waters of 1, 3, 5 and 10SPW, respectively. Mineral rest potentials indicated how changing water quality affected xanthate-mineral interactions. Microflotation observed the impact of changing water quality on mineral floatability.

Aug 24, 2022

MR. L. C. BALL, chief government geologist, Queensland, wrote: This paper is intended as a severely mechanical exposition of the means adopted to deal with tremendous inflows of water concurrently with development and exploitation; but incidentally it serves as a splendid exposition of close co-operation maintained between the geological and engineering branches of this large organization.I have been impressed by the completeness of the mine plans of 'Mount Isa Mines Ltd.; but only such a paper as this has brought fully to my understanding the difficulty and complexity of the solid geometry involved in the detection and plotting of the orebodies and their stratigraphic control, including faults and large-scale brecciations, and the managerial foresight that set going the initial investigations.The company's geological branch of course must be given full credit for the results attained, but it gives me pleasure that the Geological Survey of Queensland has been closely associated in much of the study.It is noted that complete drainage was affected, but it would be interesting to learn whether the brecciated zone will again become waterlogged and whether from above or from below, and whether there has been any change in the dissolved mineral content of the water as the work progressed.

Jan 1, 1939

The current boom in the mining sector has required mining operations to ramp up production to meet the international demand for minerals. This increase in production is putting enormous pressure on on-site professionals, and in particular the role of the on-site geotechnical engineer is ballooning. Mining engineers are focused on machinery and schedules; geologists concentrate on grade control and resources; everything else becomes the responsibility of the geotechnical engineer. Day to day geotechnical engineering is very different from geotechnical design work, and a practical understanding of both is required to successfully carry out either role. In addition, a successful geotechnical engineer has to have a good understanding of almost all technical aspects of mining. Even more important are good communications skills and the ability to problem solve on the fly. None of these skills are taught at tertiary institutions and therefore need to be learnt in the workplace. However, the shortage of geotechnical professionals means that young engineers do not always receive the mentorship and training they need to develop confidence and technical effectiveness. This paper outlines the changing role of on-site geotechnical engineers and presents some thoughts on how industry and young engineers can adjust to the changes.

Jan 1, 2006

The Australasian Institute of Mining and Metallurgy brings together, voluntarily, people with a professional interest in the disciplines and skills which are employed in the mineral indus- try, and in relation to that industry. We come together because we have a mutual interest in improv- ing what is done by the mineral industry, in all its aspects. It is this sense of continuing improvement, of doing better, of doing as well as we can, as our knowledge and skills improve, that unites us in creating and fostering a professional association of like- minded people. We know from our professional training and experience that enormous progress has been made, at an ever-increasing rate, in the mineral industry, particularly in this Century. We know that the mineral industry has played a very major role in providing the means by which so many more people survive to live longer, healthier and more interesting lives, than ever before. Indeed together with the oil and gas industry, which is an integral part of the mineral industry but has achieved its own commercial dis- tinction, it is fair to claim that the mineral industry has played the major role in providing the means for the advancement of the human quality of life.

Jan 1, 1988

By M A. Faizulin, N G. Stukalova

The present till now practice of averaging of ore by metal content at mining-dressing enterprises does not allow evaluating objectively really existing regularities of dressing process. The processing of large statistical data by specially designed methods has revealed the relationships of extracted mass of metals into concentrates when processing of ore at preparation plants. The analysis of the obtained relationships points to necessity of timely control by flows of ore with due account of different sorts of metal. For this problem solving it is offered to use specially designed methods on carrying out of calendar planning of a mining and shipment of ore at open casts, based on ranked arriving of flows of different sorts ores to preparation plant. The given methods includes economic-mathematical model forming and its implementing by worked out method. The formed model allows taking into account different technological and organisation limits, typical operation conditions of open cast and preparation plants. Using this methods of control of mining operations and designed on its basis the complex of software allows increasing volume of metals, extracting into concentrate, up to two per cent without any additional costs and saving of the existing technological schemes at preparation plant.

Jan 1, 2003

By A Saghafi, S Day

The control of spontaneous combustion in spoil piles is an area of concern for a number of open cut coal mines. Spontaneous combustion in spoil may occur when carbonaceous waste materials are exposed to air. In large piles, the relatively high voidage within the pile may allow sufficient movement of air through the pile to sustain oxidation and heat generation. Over the past decade, ACARP and CSIRO have funded a number of projects aimed at providing a better understanding of the causes of spontaneous combustion in spoil piles and the development of control strategies. Work has focused on prevention measures but has also considered measures available to deal with well-developed fires. Field, laboratory and numerical modelling methods have been brought to bear on the issues. Individual projects have addressed: causes of spontaneous combustion including the relative reactivities of mine waste materials; the use of cover layers to prevent spontaneous combustion; the use of flyash grout to control an active fire; the emissions of air pollutants; and the emission of greenhouse gases. This paper provides a description of the work carried out to date with an emphasis on the major findings of the research and its application to open cut mines.

Jan 1, 2005

This paper quotes the results of many years of experiments and observations concerning ore drawing from mining blocks in major ore deposits mined by bulk induced caving of ore and country rock. Numerous laboratory and commercial test results of Russian, Ukrainian and Kazakh mines have been used and processed. Over 35 per cent of all ferrous, non-ferrous and other ore mined in the Russian Federation by the underground method is drawn underneath overlying caved rock (including ore drawing after bulk caving of pillars). The complexity of the process denies a logical or engineering calculation answer to many commercial production questions. Hence the massive research of ore drawing issues targeted at ore recovery forecasts in specific instances in order to assess an engineering solution or to define the design or planned ore draw performance. At first, the conditions were pictured as ideal. Subsequently, it was attempted to take into account the side contacts of ore with the country rock and the caved barren rock, the small size stuff in the caved rock, the unevenly loosening ore, end draw, and so on. The ore draw information available provides ample qualitative characteristics of the phenomena and only approximated and partially quantitative characteristics for individual cases. Many specific situations require individual studies of subject specific models.

Jan 1, 2000

By J Palaci, M MelTndez, F Parra, I Rojas

At the Huasco Pellet Plant of Compa±fa de Aceros del Pacffico, Chile, the production of iron concentrate suitable for pellet feed from a low-grade iron ore was technically evaluated. In this study, three treating schemes including comminution, magnetic concentration and flotation in pneumatic cells were tested. The best results were obtained at the laboratory scale by flotation technique using Lilaflot D 817 M as the collector without using any depressant. The operational parameters were determined including pneumatic flotation, and three circuits, two including magnetic pre-concentration, with the low-grade iron ore. The best results were obtained by size reduction at 80 per cent under 325 Tyler mesh, three steps of magnetic concentration and three steps of flotation in pneumatic cells. The magnetic concentrate contained 63.02 per cent of iron and 6.6 per cent of silica, and after the pneumatic flotation the iron content increased up to 70.18 per cent and silica decreases to 1.07 per cent with 78.78 per cent of iron recovery at a weight recovery of 31.89 per cent. Therefore, it is possible to use low-grade iron ore to produce pellet feed from magnetic concentrates by using reverse iron flotation in pneumatic cells.

Jan 1, 2005

By Wall L, Dobos S. K, Berry-Lyons W

The air we breathe and both plant and animal matter consist largely of nitrogen, oxygen carbon and hydrogen; each of these elements has two or more isotopes, The rocks, soils and waters on which we live and from which we extract minerals and other resources are comprised of elements such as oxygen, silicon, hydrogen, sulphur, iron and magnesium; each of which has two or more isotopes. Since isotopes of an element behave identically in chemical reactions, they cannot be separated or analysed by chemical means. The different isotopes of a particular element, however, vary in mass, reflecting the variation in the number of neutrons in their nuclei, so that physical processes based on the relative atomic masses of the isotopes are used to separate and analyse them (eg, mass spectrometry). Many biologic, atmospheric and geologic processes alter the ratios of the different isotop1ees of many elements. The isotope ratios D/H and O/ O, for example, exhibit significant variations in natural waters because of isotope fractionation during evaporation and condensation. Isotope analyses of both naturally-occurring and synthetic isotopes in the near-surface and biospheric environments can be used to understand natural processes and predict the results of man's interaction with his environment.

Jan 1, 1991

Dr. Willett. I will start by answering one or two general points which have been posed. The first point is a question of liability of a seam to spontaneous combustion. Some seams are very liable to spontaneous combustion. Some seams are not liable at all except in most abnormal circumstances, and some seams have a liability somewhere between these two extremes. Dr. J. S. Haldane made the comment some 50 years or so ago that if you try hard enough you can make any coal seam in the world fire spontaneously. Many heatings have in fact occurred because the coal has been allowed to be ground up into a fine state and there has been air leakage through it for many years. This has resulted in spontaneous combustion which would not have occurred in some seams unless conditions had been very abnormal indeed. One comment I heard while listening to the discussions of one team was the importance of encouraging morale and the team seemed to go to the extent of suggesting that this was more important than the actual technical action taken. Though I agree that everything possible should be done to encourage morale, it must be in conjunction with the correct technical method of dealing with the Emergency.

Jan 1, 1973

The subject of the present paper will be combustion of fuel and as the combustion of fuel requires a certain amouut of air to effect combustion the question might be asked what is air?Air is composed, we will say, principally of two gases, oxygen and, nitrogen, but our business is with the former gas, and its leading feature as a supporter' of combustion. In point of fact no fire will burn without its presence, nor can animal life be sustained when this gas ls absent, because it is the life-sustaining element. For example, if we take a piece of charcoal, which is pure carbon, and burn it in the open air combustion takes place in the union of the carbon of the charcoal with the oxygen of the air, forming the compound known as carbonic acid (0.0.)The rust we see on iron and other metals is a kind of slow combustion, which is termed oxydation. When oxygen unites with any other element heat is given off in the process, and it may be here stated that the most intense heat is produced, by burning the two gases-oxygen and hydrogen in precisely the same proportions as that forming water.