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A company tax rate based on profitability return, or as more commonly expressed, a resource rent taxation scheme has been intro- duced at various stages in the past by both Australian state and commonwealth governments. At present a number of overseas countries are applying this form of legislation to the taxing of sections of their mining industries. Within this study, ways in which this type of tax has been used are examined. The form in which the tax can be applied varies. 1. It can be selectively or universally applied. 2. The base on which economic return is calculated can be selected in a number of ways. 3. It can start operating only when high profit levels exist, or alternatively be the basis of a total taxation scheme. The implication for the Australian mining industry of the introduction of different types of resource rent taxation schemes is assessed within the context of previously enacted systems.

Jan 1, 1978

By B Ascott, J Kennedy, A White

At mines with low tonnes per vertical metre, like the Jundee Mine in Western Australia, operated by Newmont Asia Pacific, high development rates across multiple mining areas are critical to achieving the delivery outlined, or promised, in the annual business plan. The challenge is to deliver the short-term requirements while keeping in balance with the long-term strategic direction. Newmont Jundee has developed a system called æMine Planning by QuartersÆ that integrates the planning process with the business process in one end-to-end continuum. Short-, medium- and long-term schedules are reviewed and updated by applying four integrated subprocesses, which capture new information as it becomes available. The four subprocesses are: resource development planning û evaluating mineral resource,reserve development planning û preliminary design for new reserves,mine operating planning û final mine design for reserves, andmine production planning û detailed plans for stoping a proved reserve. Commercial mine planning software is used in these subprocesses to facilitate the flow of information into a central storage æhubÆ for uploading into the rolling business plan. A regular and consistent quarterly review helps to identify and qualify areas of business risk at an early stage, allowing time to plan for contingency and minimise the impact of the risk.

Jan 1, 2008

Two examples of risk assessment and risk management in action are discussed. The first is in a management context in relation to Kingsgate Consolidated LtdÆs Chatree operation in Thailand. Kingsgate has conducted an over-riding risk management program to assess and manage risk across its complete business from the Sydney and Bangkok offices through to the Chatree Mine and the companyÆs exploration group. This example addresses how Kingsgate has applied risk management, particularly to the process operation, and the benefits that have been gained. The second is in an operational context in relation to Minara Resources LtdÆs Murrin Murrin operation in Western Australia. The subject is the methodology and outcomes of a risk assessment across the Murrin Murrin operation specifically to identify and assess risks with potential impacts from $1 M to $7 M. This section of the paper then shows how the outcomes of the risk assessment were integrated into MinaraÆs strategic plan to debottleneck the plant and increase nickel production.

Jan 1, 2004

By S M. C Verryn

The amount of raw material used in the production of cement can be reduced by partially supplementing it by pozzolanic waste material without changing its properties negatively. This paper discusses results of an investigation using slag from the Pt industry, from the production of steel using Midrex processes as well as fly ashes from different coal power plants in South Africa. These are blended in a 20 per cent slag or fly ash to 80 per cent cement ratio. The properties of the mixtures depend on the phase composition, chemistry, grain size and the sources of the materials. The results are promising, but show variable behaviour depending on slag and cement composition. Compressive strength tests as well have heat flow curves showing the hydration behaviour, indicating that 20 per cent addition of slag or fly ash to ordinary Portland cement is viable. There is a large potential to use slag in cement mixtures and this study can be used to develop cements that will positively influence CO2 emissions and help to reduce large slag and fly ash stockpiles.

Jan 1, 2008

By Jena P. K

Smaller deposits of high grade chalcopyrite or the concentrates of low grade and complex copper bearing ores, can be subjected to extraction processes other than smelting and converting. Low temperature chlorination and segregation processes are among those mentioned in the literature. In the present work, extraction of copper from a Brazilian chalcopyrite concentrate by slurry chlorination with chlorine gas at room temperature, dry chlorination by chlorine gas in the temperature range of 350 to 450¦C and segregation roasting of the calcined concentrate in the temperature range of 650 to 800¦C have been carried out. The effect of several experimental variables on the extraction of copper has been discussed in all these cases. Under optimum experimental conditions, 100 per cent Cu extraction was possible by either slurry or dry chlorination processes and around 86 per cent Cu by segregation roasting. For all the three cases, possible methods have been suggested to trial the studies on a pilot scale to assess their technoeconomic viability.

Jan 1, 1992

Mining projects frequently fail to meet their financial objectives. A significant area of poor performance lies in the areas of resource estimation, reserve definitions, selective mining and metal accounting. The processes leading to the exploi

Jan 1, 1998

By S M. Mousavi

The issue of estimating evaporation in soils is central to the design of engineered soil caps for mine waste and landfill applications. In general, because evaporation from the soil is difficult to measure in the field, laboratory experiments and empirical methods have been used. Much of the earlier work has been conducted in soil science, although in recent years, geotechnical and geoenvironmental engineers have given great deal effort to this work. The result of this increased interest is the development of numerical models, such as UNSATH and SoilCover for estimating evaporation. In this study laboratory-measured evaporation from soil columns was compared with evaporation predicted using the computer program SoilCover, and the analytical method proposed by Gardner and Hillel. Good agreement among the results was observed. Also the sensitivity of the predicted evaporation to soil hydraulic and geotechnical properties, such as saturated hydraulic conductivity and coefficient of volume change was discussed and the practical implication of the sensitivity were highlighted. The work has application in the design and construction of soil covers over sulfide-bearing mine waste and landfills.

Jan 1, 2003

The completion of the 3rd expansion at Queensland Alumina added 725,000 t.p.y. capacity to what was already the world's largest alumina refinery. Rated design capacity is now 2.0 million t.p.y. The expansion was achieved by adding a separate liquor circuit, interconnected with the old at strategic points. This effectively linked a new facility to the existing plant. The resultant problems in controlling plant flow highlighted problems which required considerable operator retraining. The process control problems caused by an inexperienced work force are discussed as are some of the solutions now under study at Q.A.L.

Jan 1, 1974

By R Nakia, R Livingstone

Historically the Goldfields of Victoria produced large volumes of gold. Interest in these historical Goldfields has grown over recent years with a view to restarting production of gold. A notable example of this is the Bendigo Goldfield. There is also interest in the Ballarat Goldfield and Ballarat Goldfields Ballarat East Project is a particular example of this. The aim of this paper is to describe the ventilation aspects of the potential Ballarat East project. The mine is proposed as a decline access. The paper gives an overview of the project and in particular the ventilation planning associated with a number of possible equipment scenarios. The paper also analyses the main ventilation pollutants that are likely within the proposed mine as it develops to increasing depth. An attempt is also made to determine the depth at which mine climate will become the dominant pollutant rather than diesel exhaust pollutants.

Jan 1, 2003

By A B. Bell

The health and in some cases survival of mineral exploration and mining companies is, in today's markets, more dependant than ever on the effective use of information technology. The need for speedy collection, organisation, maintenance and distribution of corporate and project information is a phenomenon that will continue to strengthen with market thirst.Geographic Information Systems (GIS) provide a medium for storage, maintenance and retrieval of data, and Internet Mapping adds a technology for effective distribution of that data. Combining these technologies can return benefits both fiscally and technically by reducing costs of ownership in IT infrastructure and increasing the efficiency and effectiveness of both internal and external information delivery.GIS and Internet Mapping technologies have reached a practical stanza in their evolution and will continue to develop as a key business tool in the natural resources sector.

Jan 1, 2002

Separation in magnetic fluids is one of the modern techniques that offer a unique approach to material manipulation in a broad spectrum of industries. Its wide-scale application has been restricted so far for a variety of reasons, including limited throughput, inefficient recovery of magnetic fluids and the cost of commercially available magnetic fluids. This situation has changed recently. Very selective separators, with automated density control, capable of treating a variety of materials in a wide spectrum of densities and particle sizes have been built by DebTech and applied in the diamond industry. Technology for the recovery of magnetic fluids has been developed and low-cost magnetic fluids, with high magnetisation and low viscosity are being produced on a production scale. Scale-up of the technology has been addressed and units capable of treating large tonnages of material have been designed. Such a development thus offers the minerals industry a technology that surpasses the existing technologies in selectivity, efficiency and versatility

Jan 1, 2000

By V F. Kucherov, V A, V M. Kirienko

In the paper the problems of elaboration and building up the computer engineering system æSafety and stability of underground buildingsÆ as subsystems of the common automated computer system of geomechanical monitoring for deposits of mineral resources are considered. The theoretical bases and techniques of calculation of underground buildings stability are considered. The example of elaboration of such system for a Starobin deposit of potash salts (Belarus) is considered.

Jan 1, 2003

This paper describes the characteristics of blasting which set it apart from other methods of breaking rock. The mechanism of rock breakage and the influence of rock proper- ties are then discussed. The strain and fragmentation produced by a cylindrical charge does not change once the charge is longer than 16 blasthole diameters. The influence of bench geometry, charge length and drill diameter are then examined. It is shown that spherical charges have advantages over long slender cylindrical charges. By selection of the appropriate drill diameter, explosive and charge configuration the optimum blasting practice for a given rock to give suitable fragmentation and muckpile profile for sub- sequent handling can be found. The fragmentat- ion depends not only on rock and explosive properties but also on the pattern which dictates how effectively the cracking is utilised. The size distribution of the fragments is given by the Rosin - Rammler equation. Undesirable cracking of the rock in the final wall can be controlled by the careful design of blasts as they approach the final wall. Finally, it is concluded that because of the distance to which blasting can fracture and then displace rock it is suited for the breakage of large volumes of rock.

Jan 1, 1978

Financial theory often takes some time to penetrate industry and when it does it can result in a paradigm shift in valuations and mental models. The Black Scholes option valuation was first published in 1973, although the authors were only awarded a Nobel Prize in 1997. The valuation of real options has been applied to the oil and gas industry for some time, however it has only recently been more widely applied to the non-oil, mineral resource sector. The use of real option valuation (ROV) for the valuation of marginal and short mine life resource projects is a more useful valuation tool than the conventional DCF, NPV valuation tool. The application of ROV has major implications for corporate strategy. It generally favours equity over debt funding and non-hedging over hedging. A retrospective assessment of the successful development of the Lennard Shelf Operations demonstrates the concepts of implementing real options and the value destruction of limiting operational flexibility through debt and hedging activities.

Jan 1, 2003

By A Sellgren, M R. Carstens, R Visintainer

There is a wide variety of industrial pastes or non-settling slurries pumped in mining, dredging and reclamation projects as products, refuse and tails. The types and/or names of some of the common ones are alumina red mud, phosphate clays, tar sands mature fine tails, tar sands (CT) consolidated clays and fly ash. The pipeline performance or friction of these varies dramatically with the type, its concentration and the particulars of the actual slurry making it difficult to select pumping equipment and to design associated pipelines. The GIW Hydraulic Laboratory in Grovetown Georgia has tested a number of these slurries over the last 30 years for various mining customers. Where available in the public domain and/or where permission has been obtained, the results of those tests are presented in this paper in a form usable for pipeline and pump system designers and users.

Jan 1, 2005

By testing rotary-drag bits in granodiorite it was found that an increase in bit clearance angle from 241 0 to 33° decreased insert wear. Severe wear has precluded economic application of rotary-drag drilling in abrasive rock even though fast penetration rates have been achieved.From a limited number of tests and from theoretical considerations, the insert wear was inversely proportional to the thrust on the bit This effect follows the marked reduction in the linear distance traversed by the inserts, for a given depth of penetration, as thrust increases...

Jan 1, 1969

By S Ramsay, D Povey

This paper presents recent case study data collected by field portable x-ray fluorescence spectrum analysers (FPXRF) as part of grade control activities at three separate (nickel, copper and copper/gold) mining operations. FPXRF has been under utilised for grade control in recent years, largely because the success of early versions of FPXRF was limited to a few metals (eg tin). Efforts to utilise these early versions for other metals was largely unsuccessful and created a perception that FPXRF could not be utilised more broadly within the mining sector and specifically the area of grade control. The structural setting of the analytical function within mining operations has also contributed to the under utilisation of more recent FPXRF instrumentation. The concept of FPXRF as a grade control tool straddles the boundaries of the geology and laboratory departments. As such, this option is often not considered as part of an assessment of grade control procedures for new and existing mining operations. This paper assesses data collected by Australian and New Caledonian miners using FPXRF technology as part of the grade control function and concludes that FPXRF can provide operational and cost benefits to certain mining operations.

Jan 1, 2003

By Pease JD, Munro PD

The heavy medium cyclone plant for the preconcentration of silver-lead-zinc ore prior to grinding and flotation was commissioned in August 1982. This paper details the measures taken to get the plant up to design performance which involved modifications to the medium densifying and slimes clarifying sections. Operating experiences to date are described with emphasis on the low medium consumption recorded and severe wear on process equipment.

Jan 1, 1984

New Zealand's Land and Income Tax Act 1954 contains unique incentives for companies engaged in mining certain specified minerals or petroleum. Sections 152 and 153 provide for the taxable income of such companies to be based not on profits made but on dividends paid to shareholders. A significant saving in tax results, particularly where profits are not distributed: but the Act attempts to ensure that undistributed profits are used for further mineral exploration and development. To encourage investment in the mining industry, persons taking up shares in a company mining for the specified minerals or petroleum are entitled to a one-third deduction in respect of monies paid on the shares and used by the company for its purposes; and company shareholders may make loans to the company and write-off such loans for tax purposes to an amount of up to half their taxable income. Maximum utilisation of the tax incentives calls for careful consideration as to whether a mining or petroleum company should be financed by way of loan capital or share capital.

Jan 1, 1971

By R W. Wilson, F H. von Glehn

With ever-increasing energy costs and the modern focus on system efficiencies, the practice of æventilation-on-demandÆ is gaining momentum. Several examples, ranging from paper studies to practical examples have been recorded and another recent case study is presented here to encourage the practice. In comparison, æcooling-on-demandÆ has received far less attention. This paper explores the possible merits of this practice by investigating the theoretical response of cool intake airways and the thermal interaction between the air and the rock, in order to gain a better understanding of the system behaviour and to quantify the possible savings. A case study is presented that demonstrates the improvements that can be achieved. Recent developments that allow live interaction between ventilation network models and on-line monitoring systems, have the potential for intelligent active control and alarming of ventilation and cooling networks. This will facilitate and maximise the benefits to be derived from ventilation and cooling-on-demand.

Jan 1, 2005