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The topic for my address is Sharemarket Floats - Issues for Expert Valuers. I've decided to focus on three areas where current practice in the preparation of prospectus valuation reports for resource companies might be improved. My central theme is that the valuer for a float should augment the usual assessments of the value of the company or its assets, with some input on the way the share market might value the company's shares when they are listed. I will then look at the valuer's role in relation to vendor consideration, last I will look at his role in providing investors with some input on the risk dimensions of the new company.

Jan 1, 1989

The King River Power Development on the West Coast of Tasmania has involved the storage of the waters of the King River in the new Lake Burbury and their diversion through a 7 km tunnel to a 144 MW power station. The last kilometre of this tunnel descends through 160 m under a ridge before emerging from the bank of the King River at the power station site. The decreasing cover over the tunnel as it approaches the power station meant that a steel lining was required in the last few hundred metres of the tunnel. This paper describes the geotechnical investigations which were carried out to establish the necessary length of the steel lining.

Jan 1, 1993

Between, 1980 and 1984, the demand for non- ferrous metals in the free world grew annually by 1.5 per cent for copper, 0.4 per cent for lead, 1.4 per cent for zinc, and 2.5 per cent for nickel. The growth rate decreased substantially compared to the rate experienced before 1980, and was far lower than the GNP growth during the corresponding period. The main reasons for this are considered to be 1. resource-saving efforts by industrialized countries resulting from the first and the second oil crises, 2. saturated demand for durable consumer goods, and 3. substitution of non-ferrous metals by new materials such as optical fibers.

Jan 1, 1986

By Mousset-Jones P, McPherson M. J

Underground airways are characterized by irregular shape and uneven surfaces including large-scale natural roughness, fractures, and a super-imposed sand roughness. Swirls in the grooves of the wall and separation because of the periodic variation of the open cross sec- tion, due to the blasting patterns, make it almost impossible to calculate average con- vective heat transfer computationally on the bases of the geometrical description of the surface. However, dimensionless friction factors can be used to characterize the surface effect of an airway and an analogy between heat and momentum transfer can be applied to calcu- late an average convective heat transfer Coefficient.

Jan 1, 1988

Welcome to Mount Isa- my home city and without doubtthe base for what promises to be the most exciting mineral development yet seen in Australia.Mr. Chairman, it also gives me great pride to representthis area in the Queensland State Parliament as well as being the Minister for Minerals and Energy in the Queensland Government.Mount Isa is now part of the Australian mining industry folklore.It is all what a good mine is all about. It is. all what a good community is all about.

Jan 1, 1993

Buoyant levels of world economic growth and recovery in intensity of metals usage suggest that demand for minerals will remain relatively strong into the 1990's. Supply constraints, low stock to use ratios, financial and political factors imply lower elasticities of supply for minerals in the future. The outlook for minerals and metals prices from a pro-ducers viewpoint is, accordingly, promising.The recent recovery in world minerals prices, following strong growth in the world economy over the last few years, makes it appropriate to consider the structural forces at work in the formation of world demand and supply of minerals. This paper will review past trends and consider some of the main economic issues facing the mining industry in the 1990's.

Jan 1, 1990

By E Donskoi

In order to develop downstream processing routines for iron ore and to understand the behaviour of the ore during such processing, extensive mineralogical characterisation is required. To determine mineral associations, mineral liberation and grain size distribution, imaging techniques have to be used. There are two main imaging techniques used for the characterisation of iron ore, ie, Optical Image Analysis (OIA) and Scanning Electron Microscopy (SEM). In this article a QEMSCANTM system is used as an example of SEM methodology and results obtained from it are compared against results obtained by the CSIRO ‘Recognition3/Mineral3’ OIA system.Both OIA and QEMSCANTM systems have advantages and drawbacks. Even though the latest QEMSCANTM systems can distinguish between major iron oxides and oxyhydroxides, it is still problematic for QEMSCANTM to distinguish between iron ore minerals very close in oxygen content, eg haematite and hydroheamatite, or between different types of vitreous goethite.QEMSCANTM also can misidentify minerals with close chemical composition, ie haematite as magnetite and vitreous goethite as haematite. In OIA, iron minerals with slight differences in their oxidation or hydration state are more easily and directly recognisable by correlation with their reflectivity. In both methods, the presence of microporosity can result in some misidentification, but in SEM methods misidentifi cations due to microporosity can be critical. Low resolution during QEMSCANTM analysis can significantly affect the textural classifi cation of particle sections.The main conclusion of this study is that, for low iron content ores or tailings, QEMSCANTM can provide much more detailed information on the gangue minerals than OIA. However, for routine characterisation of iron ores with high iron content and containing a variety of iron oxides and oxyhydroxides, OIA is a faster, more cost-effective and more reliable method of iron ore characterisation. A combined approach using both techniques will provide the most detailed understanding of iron ore samples being characterised.

Jul 11, 2011

By Berglin IK

Since 1962, ferro alloy production in Australia has been concentrated at Bell Bay, Tasmania with a major expansion occurring in 1976. This concentration was based originally on the perceived requirements of the expanding Australian steel industry, but recent stagnation within this industry has seen Temco become progressively more export oriented.In 1984, approval was given for a $47 million uprating of facilities which will allow for the introduction of the latest technology to ensure high quality, low cost production in a highly competitive export market.

Jan 1, 1985

As the oxide reserves in an oxide/sulphide deposit are exhausted transition to the treatment of sulphides should be investigated in detail and well before processing the sulphide ore commences. The investigation should be broad based to consider all treatment options and not restricted entirely by the existing process plant treatment method. These options may include cyanidation, flotation, roasting, bacterial leaching or gravity treatment and are chosen on the basis of various testwork responses. Experiences in laboratory testing of sulphides and treatment of sulphides at various operations are discussed. This includes the treatment of copper/gold sulphides, CIP treatment of sulphides and treatment of marcasite ore in a conventional CIP circuit.

Jan 1, 1989

Mr. Bradford said: - On assuming this chair, which has been oc- cupied by so many gentlemen of conspicuous ability, my first words must be an expression of the gratitude I feel for the honour you have done me in electing me to be your President for this year. When considering the subject matter of this address to you to- night, quite frankly may it be stated that for a long time I was on the horns of a very great dilemma, for while I could discourse on the modern political trend in relation to our industries at great length, it appeared to me that this was not the place for such a discussion.

Jan 1, 1987

I should like to congratulate Dr. Salamy on his most informative paper.Under the heading of "future development" Dr. Salamy states the intention of using 3 in. lifters. In this connection I should like to mention one or two of our findings at the Croesus Plant of North Kalgurli (1912) Limited. We have converted a 5i ft. x 11 ft. grate discharge ball mill to a high level overflow rod mill. When we were considering this conversion we explored the literature and decided on using 2t in. lifters on alternate liners-the results were not encouraging. The mill all but "took off" from its foundations,and performance with regard to tonnage was poor. There...

Jan 1, 1956

By Green S, McKernan, Skrypniuk

In November 1996, Boddington Gold Mine (BGM) began the implementation of an expert system. The objective of the expert system was to improve plant efficiency by developing an `operator best practice' control philosophy for the grinding circuit

Jan 1, 1997

In recent years, the. art of electric steelmaking has received a great deal of attention, and naturally, much controversy has existed from time to time regarding the relative merits of different practices and tywes of furnaces. Nevertheless, at the present time, the basic principles of the process are reasonably well established, and by far the greatest percentage of electric steel is a product of the basic lined, direct arc type furnace. Ferro alloy manufacture has demanded the development of furnaces having very different characteristics to those used for steel. Some special alloys, however, require conditions of manufacture which are more closely approached in the steel type furnace, and thus the latter has been adapted where necessary for the production of these alloys.One such alloy, low carbon ferro-manganese, is manufactured at Whyalla, South Australia, in a basic-lined, direct arc furnace, which is used alternatively for the production of alloy steels.BRIEF HISTORY OF THE ELECTRIC FURNACEThe principle of melting by electricity was first applied to the melting of iron in 1879 by William von Siemens, whose equipment consisted of a small crucible into which were introduced two carbon electrodes. Very little practical development took place in the next 20 years, although in 1890 a Frenchman named Heroult designed a direct arc furnace for the production of ferro alloys. At the beginning of the 20th century, several types of furnaces were patented for steel melting, the most important of these being the Heroult, using a direct arc, the...

Jan 1, 1951

From depths of 400 - 600 m, coal is transported by a conveyor in a drift or a bulk winder in a shaft, whilst men and/or materials are transported by a slope hauler or a cage winder. Assessment of the effect of alternative combinations on the key cost factors - output, capital, labour cost and construction time - allows the optimum choice for particular circumstances, there being no uniform solution.

Jan 1, 1976

By Cooper P. G

I he Electrolytic Refining and Smelting Company (ER&S) has oper- ated a copper smelter at Port Kembla, NSW since 1908. The feasibility of modernising the smelter was recently studied and external influences were shown to have a substantial impact on the project economics. Profita- bility is determined by the relative magnitudes of treatment charge income earned from processing raw materials and the operating costs incurred. Treatment charges are usually denominated in U.S. dollars and are deter- mined by market forces in the world copper industry. ER&S is no different from other Australian manufacturing industries in that it must maintain its competitive position by controlling costs. The modernisation project seeks to achieve this through new technology and improved labour Productivity.

Jan 1, 1988

By F D. I Hodgson

Twenty-seven observation test pits were excavated at four different spoils dumps at three collieries in the Witbank Coalfield. The holes were dug into the upper three metres of the spoils to ascertain if any weathering profiles, variation with age or influence of topsoil covering could be gauged. Samples from these holes were also subjected to laboratory testing (ABA, humidity cells and mineralogy on several selected samples). The test pits showed that there was a good correlation between in situ paste pH-values and ABA results for samples taken from the pits. At all the collieries, no correlation between age of spoils and in situ acidity could conclusively be drawn. The depth of soil cover also appears to be a minor consideration in determining the eventual acidity of the spoil. In the pits where acidity was found, the weathering was evident when contrasted to areas still buffered. It is unclear if the weathering leads to the acidity or vice versa, as the soil covering appeared to be similar. The spoils proved to be extremely variable with regard to particle size and material on a micro and macro scale. Evidence from most of the holes suggested that there was enough water contained in the fine material in the spoils to support the initiation of acid generation. Conclusions from this investigation are that the mineralogy of the spoils is the most important factor in determining the eventual occurrence of acidic hotspots, and that prior characterisation and selective handling will provide the best management practice for these spoils.

Jan 1, 2003

The considerations which led to the decision to_ install discs at the Dampier Pellet Plant of Hamer ley Iron Pty. Ltd. are described. Initial testwork showed that the ore could be ground dry in open circuit to a Blaine index of 2500 cm2/g and that it pelletized readily. The various design criteria including diameter, slope, speed, motor size, depth of sidewall, feed point and water spray location were then determined. Plant performance after commissioning is described including the various problems encountered and the modifications since carried out to overcome them. The main problem was quickly identified as disc feed rate control. Various bin and bin feeder modifications were tried to overcome the effects of the fluidising characteristics of the dry ground ore. Other factors found to affect disc operation are ore size distribution, additives and operator competence.

Jan 1, 1974

By Jones IO

Although small units have been in use formany years, particularly in opal mining at shallow depths, there has been little effort in the past to explore the potential of the vacuum lift system in other more demanding applications. Recent developments in Western Australia by a small number of mining companies, contractors and manufacturers have seen the design and construction of several larger, more powerful units for use in winzing, shaft sinking, hoisting and spillage removal. Some of these units have proved very successful and suggest that they could be developed for a wider range of applications and duties in future.

Jan 1, 1984

By B Lindqui, M V. Knyazev, L S. Tsemekhman

Gipronickel Institute JS that is a Research and Development Centre affiliated to the worldclass Norilsk Nickel Mining and Metallurgical Company, and Outokumpu Technologies AB (Boliden Contech AB) have jointly developed the reconstruction project of Pechenganickel metallurgical operations using a two-zone Vanyukov furnace. The international expert group appointed by the Nordic Investment Bank has examined the project. The project financing should be partly executed by the Norway government. Current annual rate of sulfur dioxide emissions is 100 000 t. The aim of the project is to reduce it to 12 000 tpy. Pechenganickel Combine is owned by MMC Norilsk Nickel. Currently it produces nickel high-grade matte from sulfide copper-nickel concentrate with up to ten per cent MgO content. The existing production is in accordance with the following flow sheet: agglomeration û electric furnace smelting with matte production û converting in horizontal converters. Annual production capacity is about 36 000 t of nickel in high-grade matte. Converter gases report to sulfuric acid production. The principal results of studies on high magnesia materials smelting in two-zone Vanyukov furnace, engineering solutions, and technical and economical parameters are offered.

Jan 1, 2004

By Belton G. R

The kinetics of the interfacial reaction of H2O on liquid silica-saturated iron silicates has been studied by means of measurement of the HDO-H2 isotope exchange reaction. The apparent first order rate constant, ka, was found to be inversely proportional to the H20/H2 ratio, consistent with two electron (melt to adsorbed/dissociating molecule) transfer mechanism and can be given by the expression In ka = -1.97 x 104/T + 1.57 - ln(pH2O/pH2), where the units for ka are mol cm -2 s-1 atm 1. The results of the current study are shown to be consistent with the indirect measurements of earlier work.

Jan 1, 1987