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By L M. Zhang, T H. Xu, J Zhao

Blasting is one of the most commonly used strategies for excavation in civil and mining engineering. Yet blasting can also bring along such undesirable effects as ground vibrations and soil disturbance. Numerical analysis is a powerful tool for estimating the effects of blasting and improving blasting design. In this research, a constitutive model for sand is proposed for the numerical analysis of blast-induced ground motions and wave propagation in soil mass. In the model, three model surfaces, ie the critical surface, the dilatancy surface and the bounding surface, are defined following the bounding surface hypoplasticity framework. The strain rate is included explicitly into the model formulations so that the proposed model is valid under high strain rate loadings caused by blast-induced vibrations. The performance of the proposed model is validated by the simulation of drained triaxial compression tests conducted on a crushed coral sand under different strain rates.CITATION:Xu, T H, Zhang, L M and Zhao, J, 2014. A bounding surface model for sand subjected to blast-induced vibrations, in Proceedings AusRock 2014: Third Australasian Ground Control in Mining Conference , pp 201–206 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Nov 5, 2014

By E Giles

Pike River Coal Limited (PRCL) is opening a new underground coal mine in the Paparoa Ranges north-east of Greymouth. To access the coal reserves, PRCL have had to build a 13 km access road through regrowth and virgin forest, and appointed McConnell Dowell Constructors Limited, with URS New Zealand Limited as their consulting engineers, to construct the final access link: a 2.3 km long, 5.5 m wide and 4.5 m high incline tunnel. This paper discusses the logistical issues of construction in an isolated pristine forest in mountain land and how they were addressed. It provides an overview of the 90 per cent complete tunnel and how challenging rock conditions have been mastered. It outlines briefly the remaining work which is construction of pit bottom workings where the mine infrastructure will be housed and construction of a 110 m deep, 4.0 m diameter, vertical ventilation shaft.

Jan 1, 2008

The Melanesian Outer Arc, extending from. Papua New Guinea to Fiji, developed as a result of interaction between the Australian and Pacific plates throughout the Tertiary, and the following stages are recognized. ,a, Formation of island arc tholeites above a west facing subduction zone in the Lower Tertiary. fit Emplacement of mainly calcalkaline volcanics above an east facing subduction zone in the Upper Miocene and Pliocene. ontinued east facing subduction coupled with fragmentation of the arc from the Pliocene onward. Alkaline and Mg-rich volcanism occurred in addition to continued calcalkaline activity. Tre Upper Miocene and younger volcanism is into five arc segments on the basis of geographic position and nature of the magmatism. The calcalkaline Bismarck arc extending along northern New Britain and including small islands to the west. The alkaline Tabar to Feni arc, north of New Ireland. The Solomons arc, including Bougainville and the western part of the Solomon slands. Volcanism is largely _.alcalkaline, but Mg-rich varieties occur the Solomon Islands. roe New Hebrides arc, extending from the -astern Outer Islands of the Solomons through Vanuatu. Both calcalkaline and :alkaline volcanics are representeo. alkaline and calcalkaline Fiji arc.

Jan 1, 1987

By D Giles, A C. Bailey

In the first 20 years of the 21st century, just over 20 per cent of Australian mineral exploration expenditure was dedicated to iron ore, totalling >A$8 billion and >30 million metres of drilling (Australian Bureau of Statistics, 2021). Improvements in the cost, efficiency, safety, reliability and data quality of drilling have the potential to deliver significant productivity improvements, increasing the probability of discovery and reducing the time from discovery to mining. Currently in its third year of research, Mineral Exploration Cooperative Research Centre (MinEx CRC) is focused on a new set of exploration tools and new ways to deploy those tools which recognise the fundamental importance of collecting quantity and quality data from the subsurface, to enable exploration success for all minerals, including iron ore. MinEx CRC is focused on developing more productive, safer and environmentally friendly drilling methods to discover and drill-out deposits. This includes pioneering work on Coil Tube (CT) drilling technology and innovations in Diamond and Reverse Circulation (RC) drilling techniques aimed at improved drilling optimisation and automation. In parallel, MinEx is developing new technologies for collecting data whilst drilling. This is being undertaken in four separate industry-led projects utilising geophysical, seismic, downhole analytical and 3-dimensional (3D) modelling improvements. A National Drilling Initiative (NDI) is also underway, with two drilling programs completed in 2020. The NDI is a world-first collaboration of Geological Surveys, researchers and industry, which undertakes drilling in under-explored areas of potential mineral wealth in Australia and provides a test-bed for new mineral exploration technologies.

Nov 8, 2021

By Lock PR

The Silver Swan nickel mine is located at the Black Swan Nickel Project, 53 kin north east of Kalgoorlie, Western Australia. The Silver Swan orebody is a massive sulphide nickel deposit dipping 70¦ east with an average in situ grade of 14 per cent. Mining of the massive orebody is by Mechanised Ramp Cut and Fill (MRCF). A mining recovery of 98 per cent and minimising dilution are primary goals in extracting the high-grade ore. Placing a distinguishable marker bed (working platform) on rock fill was identified as a key method to achieving these goals. Gravel from a pit located onsite was considered the most suitable material for the marker beds. Research undertaken to design the marker beds using the gravel revealed conventional methods used in mining would not suffice, but that road stabilisation methods could be a viable alternative. Trials used a road recycler to mix cement and gravel in situ and several test beds were constructed on the surface to determine the final design. The trials attempted to replicate a marker bed's life cycle of construction and placement and mucking of ore from the marker bed.

Jan 1, 1998

By R Wei, Y Peng

With the depletion of high-quality ores, the efficiency of extracting difficult gold ores through flotation and leaching becomes very important in the mining industry. Iron contaminants, sulfide and carbonaceous coatings on the surface of gold and gold bearing minerals significantly hinder the recovery of gold during gold processing. As the surface of gold minerals is easily contaminated, coatings of iron oxides and iron hydroxides originated from the grinding process and oxidation of iron sulfides will cause a retarding effect on both gold flotation and leaching.To mitigate the processing issues caused by undesirable surface coatings on gold minerals, a new technology in treating surface coatings of iron contaminants has been developed. The pulp potential and pH of the slurry are altered to allow dissolution of surface coatings which are further excluded by the use of complexing reagents. The current work shows that iron contaminants can be removed from the surfaces of gold through Eh-pH adjustment and chelation which result in significantly improved gold flotation response. The addition of complexants aids the formation of iron chelates to prevent the iron species in the solution from forming iron oxide and iron hydroxide in the flotation conditions.CITATION:Wei, R and Peng, Y, 2014. Mitigating the effect of surface coatings on gold processing, in Proceedings 12th AusIMM Mill Operators’ Conference 2014 , pp 187–192 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Sep 1, 2014

McLeod: Without getting into the argument as to how well we can know our resource levels specifically in the immediate short term, I would like to make one or two points about the future, and perhaps try and persuade people that they are not really facing a doomsday. It is fair to say that over the last few years the rate at which we have increased our resources has far exceeded the rate at which we have used them, and this is likely to continue for quite a few years yet. As people are now looking for a substitute for petroleum, later on we will be looking for a substitute for coal, should the position get serious. After all man is pretty versatile, has plenty of initiative-and makes allowances for experience. It has been demonstrated here by the way people are looking at use of low quality coals and better use of the coals that are available. It would be fair to say that what now we regard as economically submarginal deposits will, by the time we need them, become economic. I think that there is quite a lot in front of us in exploration and finding new reserves. I would like to have comment from yourself sir, because I recall reading a report of a meeting, here in Wollongong I think it was, in which you addressed the local branch on the future of coal in Australia, and you said that the coal basins of Australia had been well explored and there was not much chance of new discoveries. Since that time we have seen some thousands of millions of tonnes turned up in the Galilee Basin of Queensland, we have seen five hundred million tonnes turned up in Lake Phillipson in South Australia. Do your previous comments still apply? I would like to hear from some of the exploration people, who are operating on an Australia-wide basis, as to how they regard our chances of discovering significant new deposits and significant extensions of known deposits. H,artnell: Mr. McLeod has asked me to comment on what he has just said. I think that the important thing is that our knowledge of the main coal basins in Eastern Australia is increasing in detail but for the most part the extent of coal basins is not being increased in respect of their superficial areas. There are additions but they are not substantially changing our expectation of what the main coal basins will be. I believe that our task is essentially to intensify our knowledge of the main coal basins that we know about. This is important for example for the various reasons that Mr. Roach was talking about, that is the problem of surface alienation, jeopardising the chance of recovery when you go to underground operations. My approach to this whole problem is predicated on the belief that coal has a special destiny to perform in the next fifty years. I believe that it is going to take up to fifty years and maybe a little longer before the enormously demanding technology for nuclear power recovery is in fact achieved. When it is achieved the supply of energy to the world will be enormous, much beyond what we have ever even dreamed about. The mind boggles at what the people of the middle of next century, of two thousand and fifty, will command in the way of physical resources. It is going to be, I believe, tremendous, but the technology involved is very demanding. I mentioned to Mr. McLeod the other day that according to the information that I got in November last, 60% of the nuclear power stations in the United States were out of action, by automatic cut offs because of safety requirements. The technology of breeder reactors seems each year to be a bit further off. In the meantime coal I am sure is going to be called on to supply power directly to fluidised bed and other technologies for power generation. It is going to be called upon in the near future, I believe, to supply liquid fuel on a vast scale and the only thing in my view that we should be thinking about is whether the coal producing countries of the world will succeed in producing as much coal as is going to be demanded. I believe the real challenge to the coal mining industries of the world is that they may fail to do what is going to be demanded of them. This is a challenge I believe to mining technology. I think that we should be working deliberately and energetically finding ways and means where underground recoveries, instead of averaging 50%, can average 50% plus, plus, plus, and this is the first requirement. We should be spending many millions every year, here and overseas, on increasing our means of winning coal because every tonne of coal that is alienated and left irrecoverable in the earth is going to weaken the capacity of the coal mining industry to fulfil, what I believe to be its destiny in the next 50 years.

Jan 1, 1975

The Late Permian intermediate to silicic talc-alkaline Drake Volcanics of New England, N.S.W., consist largely of shallow marine, redeposited volcaniclastic rocks which host epithermal Ag-Au deposits. Pervasive hydro- thermal alteration is widespread. The 200-300 m Cataract River Member includes several sedimen- tation cycles composed of massive pumice brec- cias, overlain by laminated sandstones and siltstones, interbedded with marine, fossil- iferous mudstones. Two distinct groups of cla- sts exist within the volcaniclastic beds: 1. Lithics of predominantly intermediate compos- ition lavas that have undergone subaerial epi- clastic erosion and transportation; 2.Pumice, quartz and plagioclase crystals which have not been reworked by epiclastic processes. The lithic clasts were derived locally in a sub- aerial environment within the Drake Volcanics, and pumice and crystal fragments from contem- poraneous centres of silicic volcanism else- where in New England, N.S.W. The latter group of clasts was transported to Drake by Plinian airfall or rafting, and fell and was washed on- to emergent portions of the Drake Volcanics, where reworked locally derived fragments occ- urred. Cold state subaqueous mass-flows, prod- uced by slumping, resedimented the mixed vol- caniclastic detritus into the marine basin in a series of cyclic units with massive lower parts, and laminated upper zones. Modern ana- logs of the palaeogeographic setting in New England, N.S.W., in the Late Permian are pro- vided by the Taupo Zone, New Zealand, and sou- thern Kyushu, Japan.

Jan 1, 1987

Many volcanoes in western Melanesia have tectonic settings and rock compositions that do not conform to conventional models of arc- trench systems. Part of the reason for this may be that in an environment of rapid tectonic change mantle source regions bear the imprint of former subduction even though subduction has now ceased. Results bearing on this concept and on other important aspects of Plelit nesian v ican ism and tectonics, were obtained in 1982-1986 from >e,:eral marine - geoscience studies in the re,,ii n

Jan 1, 1987

By B OÆNeil

The Trent-Severn Waterway is a 386 km long navigation route through central Ontario between Lake Ontario and Georgian Bay, and is operated by the Parks Canada Agency. Its primary focus is to pass recreational boats through a system of 44 locks. The Big Chute Marine Railway (BCMR) is one site in the system that provides transportation for boats. The BCMR carriage is used to transport boats and their passengers on the inclined railway a distance of 230 m over a natural barrier from one body of water to another, with an elevation difference of 18 m. The unique feature of the haulage system used in this application is the variable angle of the incline from about 20 per cent rise changing to horizontal and followed by 20 per cent decline. In such conditions, unlike as in standard incline haulage, special configuration of hoists and drives is required. On the uphill part of the track, there is a need to have a motoring mode, on the downhill part a regenerating mode and on the horizontal part a combination of motoring and regeneration is required. The original system was built in 1978 and employed four 100 hp dc drive mine hoists to haul the 100 tonne conveyance loaded with 90 tonnes of boats. Due to failures and operational problems with the original system, in 1999 Parks Canada awarded a turnkey contract to ABB for a new, modern system of four single drum hoists. The new system was put into operation in 2000, only six months after receiving the order. The hoists are controlled by digital drives and a digital control system. Due to dramatic changes in the load conditions for individual hoists involved, the new system features many interesting solutions like changing drive modes from speed to torque control and a multiple, regulated braking system. It is a unique hoisting system, which could be also used in mining applications.

Jan 1, 2005

By Gyasi-Agyei Y

In recent years rapid advances have been made in the technology used for hydrology and erosion modelling of rural catchments. These advances have been driven by the growing availability of digital terrain maps that can be used to automatically define catchment properties that previously had to be manually extracted from contour maps. In addition, these models have, in principle at least, more powerful predictive capability. The author is involved in a number of projects to migrate and further develop these models for application to mine rehabilitation assessment. Current technologies for hydrology and erosion assessment (eg CREAMS, ANSWERS) are reviewed, underlying principles highlighted and deficiencies in the context of mine rehabilitation design assessment addressed. The advantages and disadvantages of the new digital terrain map tools (eg WEPP, SIBERIA) are discussed. Current work integrating these new models with existing rehabilitation design tools (eg ACIRL's ARGUS computer package) highlights the advantages of an integrated approach using digital terrain maps; cheaper, faster, lower impact and more flexible rehabilitation design. The use of novel visualisation tools to aid the design process is discussed. The paper is illustrated by applications to mine sites in Queensland and the Northern Territory.

Jan 1, 1995

By J Jackson, K Nguyen, A Nguyen, E Manlapig

"With the recent advancement in drill core imaging systems, a large volume of high resolution drill core images can now be rapidly collected and mineralogically classified. This paper introduces a novel semi-automated method for rapid prediction of process engineering parameters from this type of image. The aim is to allow for a rapid and low-cost assessment of the ore processing variability within a mineral deposit with a reduced amount of metallurgical test work. This method will see its application primarily in the project evaluation phase, where proper evaluation of the processing variability of the orebody normally requires a prolonged and costly metallurgical test work program. Applying this image-based texture analysis method on the mineralogical classified drill core images, the ores are classified according to their textures. For each engineering parameter, a small number of physical test work is required to produce a data set for training and testing of the predictive model. The paper also presents a case study in which this method has been applied to predict the A*b parameter used in mineral process plant design.CITATION:Nguyen, A, Jackson, J, Nguyen. K and Manlapig, E, 2016. A New Semi-automated Method to Rapidly Evaluate the Processing Variability of the Orebody, in Proceedings The Third AusIMM International Geometallurgy Conference (GeoMet) 2016, pp 145–152 (The Australasian Institute of Mining and Metallurgy: Melbourne)."

Jun 15, 2016

By I Arburthnot, N Lawler, C Loan

The function of a thickener is to optimise and accelerate the process of gravity sedimentation. The desired end product (be that maximised concentrated solids or clarified liquid) determines how the thickener is designed and operated.Significant internal research, together with extensive on-site piloting, by Outotec has resulted in the determination that the application of the appropriate amount and type of shear to hindered settling aggregates can result in a substantial change to the sedimentation process. A new patented technology, called shear enhanced thickening (SET), has been developed. SET results in considerable design implications for full-scale thickeners, including a substantial reduction in required footprint and/or significant increases in underflow density.The development of SET, combined with laboratory and pilot scale verification, will be discussed along with the introduction of this technology to a number of full-scale thickeners. The associated implications and benefits for industrial thickeners are outlined.CITATION:Loan, C, Lawler, N and Arburthnot, I, 2012. Industrial scale results from shear enhanced thickening technology, in Proceedings 11th AusIMM Mill OperatorsÆ Conference, pp 341-346 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Oct 29, 2012

By G M. Hoffmann

Utilisation of lower grade (Jigging technology has progressed to a point where SishenÆs 50 to 60 per cent Fe run of mine (ROM) material, once considered as waste, can be beneficiated to produce a saleable 64 per cent Fe product. This has been confirmed through appropriate beneficiation testwork. Consequently, Sishen can now produce saleable product from material not currently included in the resource definition, significantly increasing the resource base of the mine and ensuring higher resource utilisation. Mine planning utilised the geological models to produce detailed planning schedules, reflecting the current and SEP plants separately, optimised to comply with product specifications of both the current and SEP plants and to confirm the viability of the low-grade resources identified as SEP feed material. The SEP product specifications have been derived by optimally matching iron ore market requirements with the revised resource base. A 64.0 per cent Fe lump product and a 63.5 per cent Fe fine product are the optimal SEP products. The SEP plant will be able to produce 10 Mtpa at an average yield of 60 per cent and a lump to fine ratio of 62:38. The plant consists of five major sections: namely crushing, material preparation, beneficiation, final product handling and quality control services. Maximum integration with the current Sishen plant was considered. Kumba currently has an agreement with Transnet to rail up to 23.5 Mtpa through the Sishen Saldanha iron ore export channel (IOEC). Transnet and Sishen Iron Ore Company have signed a Definitive Agreement that deals with the expansion of IOECÆs capacity, which increases KumbaÆs entitlement from 23.5 Mtpa to 35.0 Mtpa. The detailed enviro-legal impact assessments for the SEP indicated that the project has low enviro-legal risk as a result of it being a brownfields project incorporated into the current Sishen operations.

Jan 1, 2005

By P J. Chapman

Recent catastrophic failures of tailings storage facilities (TSFs) continue to highlight the need for a detailed understanding of failure modes and the defences that are in place within the design to mitigate the failure modes. However, in many cases the instrumentation devices and monitoring approaches selected during operation do not link back to the design defences and inappropriate or redundant instrumentation is often installed. Candidate instruments and monitoring approaches (critical controls) are presented and matched to critical failure modes, with clear linkages to the intent of each instrument/monitoring approach. Commentary on where complementary measurements with independent technology types are recommended to provide greater assurance of trends to the design engineer or TSF owner is also presented. In response to the recent TSF failures, an increasing focus is being placed on instrumentation and monitoring relating to slope instability and safeguarding against the potential for static liquefaction, using a critical state soil mechanics framework. To support selection of appropriate zoning within a stability model, three complementary devices are recommended – vibrating wire piezometers to provide an indication of pore pressure and allow the phreatic surface to be inferred, tensiometers to confirm the presence of unsaturated conditions (and hence low potential for undrained failure) and moisture content sensors to provide an indication of void ratio, and hence state parameter, in saturated zones. The combination of VWPs and tensiometers will provide complementary measurements in the saturated and unsaturated zones, and also provide information on the extent of any near-saturated zones, provided that sufficient instruments are installed.

Jul 1, 2021

The demand for minerals will grow strongly to satisfy the needs of an increasing world population for materials and energy. The technical problems involved in producing these minerals will be daunting and the engineers who will have the responsibility for designing and controlling the mineral production processes must have a high level of skills. This will place a heavy responsibility on the education system. A small number of large, well equipped university departments dedicated to mineral processing and having a close working relationship with the mineral industry, and an international orientation, will be much better placed to meet the needs than a large number of small ill-equipped departments which find it difficult to remain viable in modem universities. Courses in mineral processing must be designed to meet the scientific and technological needs of industry and full use must be made of innovative educational techniques such as video conferencing in delivering the courses. The concept of a major international network of major mineral processing departments which is designed to make best use of scarce academic resources is important and should be considered by the International Committee of the IMPC.

Jan 1, 1993

By D A. Kepert, I J. Tehnas, M A. Pudovsk

BHP Billiton (BHPB) was the first company to start iron ore mining in the Pilbara at Mt Goldsworthy in 1966 through Goldsworthy Mining Limited (GML - then Consolidated Goldfields Australia, Cyprus Mines and Utah). Operations later started at Newman on Mt Whaleback in 1969 with the Mt Newman Mining Joint Venture (MNM û then comprising American Metals Climax û AMAX, Colonial Sugar Refineries û CSR and BHP). In 1986 it acquired majority ownership of MNM, and at the same time the previously 100 per cent BHPB owned but undeveloped Yandi property came on board. Purchase of Jimblebar (formerly McCameyÆs Monster) occurred in 1990 and full ownership of Goldsworthy followed in 1991. With the exception of Jimblebar (100 per cent owned), all mines are now 85 per cent BHPB and the balance with Itochu and Mitsui. This evolution of the company resulted in an eclectic mix of mines/ores, each with their varied exploration and evaluation histories. Discussion of some aspects of these histories, and reflections on changes in exploration-related activities with particular reference to discussion of advances in geological understanding since the 1960s forms the basis of this paper. BHPB presently has open cut mines at four main centres û Newman, Jimblebar, Marillana Creek (Yandi) and Yarrie û and is currently developing the former GML Area C near Yandi. With the exception of NewmanÆs Mt Whaleback mine and immediate satellites, all are contract operated. Ore is carried on BHPB railroads (696 km total) for export through the companyÆs Nelson Point or Finucane Island shipping facilities at Port Hedland. Some is directed to the BHPB Boodarie Iron hot briquetted iron plant near Finucane Island. Over 73 Mt of ore was produced by BHPB in calendar 2001, and the company has now mined over 1500 Mt in Western Australia since their operations at Yampi Sound first started in 1956.

Jan 1, 2002

Professional engineers of today require a wide array of experience and knowledge. It is true that commonly engineering degrees do teach the technical requirements well, but do fall short in the way of teaching other non-technical issues of professionalism to the student. Today calls for an engineer who does not only have a high standard of the technical knowledge required for their degree, but also has a broad range of experience in areas that are becoming increasingly important in engineering. The importance of social responsibility, liability and interpersonal relations is high. Through the face of the changing world, it has become clear that there is a need for a new type of engineer, who has a broad range of expertise, as well as the typical technical abilities required. This paper will outline these non-technical issues and propose ways of combining these ideas into the mainstream engineering degree.

Jan 1, 2004

By A Jyoti, J R. Black, R R. Haese, E O. Ansah

Copper (Cu) is a critical metal in the transition to a low-carbon power supply. Presently, low-grade copper sulfide ores account for almost 80 per cent of the global reserves. Large amounts of water are required to process these low-grade copper ores. The mining industry utilises lixiviants from recycled water from different sources to conserve water, whilst enhancing Cu recovery. Some utilise intermediate to pregnant leach solutions, sea water, and processed water from electrowinning circuits with highly variable concentrations of ions. Previous studies have highlighted the formation of precipitates that passivate the surfaces of minerals in these low-grade copper ores and/or block flow paths for lixiviant during heap leaching. In this study, we utilised concepts of phase replacement to devise an innovative means of controlling precipitation and increasing copper recovery using industrial brine as opposed to freshwater. We propose the formation of Al-rich phases (such as AlSO4 + or alunite) to replace iron sulfate and iron hydroxysulfates (such as jarosite) during the chalcopyrite dissolution-precipitation mechanism. The rationale is to have available Fe3+ throughout the chalcopyrite leaching process. We tested this method by carrying out various batch experiments using CaCl2, AlCl3, and NaCl industrial brine types compared to freshwater and explored the capacity to leach Cu from chalcopyrite. There is higher Cu recovery during oxidative leaching of chalcopyrite in industrial brine with 91 per cent recovery using AlCl3-rich brine, 84 per cent with NaCl-rich brine, and 56 per cent with CaCl2-rich brine as compared to 35 per cent recovery using freshwater. In the absence of Al3+, various forms of iron sulfates, and jarosite are formed, reducing the availability of Fe3+ for chalcopyrite dissolution. The introduction of Al3+ leads to the formation of AlSO4 + species, thus lowering sulfate activity and the tendency for K-jarosite formation.

Aug 24, 2022

By A Stasi, B Brice

Water is a limited and precious resource in Australia. Because of the increasing demand for water from all sectors of the economy and the variability in supply, efficient management of water resources is of vital importance. The national water reform agenda has provided a strong impetus to all states and territories to progressively move towards more efficient and sustainable water management. The Queensland Water Act 2000 is the legislative framework for providing water for the environment and for planning for the security of supply to water users. The comprehensive water planning process prescribed in the Act results in new tradeable water allocations that are separate from land. These water allocations are well specified and can be traded on a permanent or temporary basis. Trading of water allows it to move to its highest value use, thereby encouraging the most efficient distribution of this limited resource. In addition to transferring ownership of water allocations, it is also possible to change the attributes of the allocation, such as the location from which water may be taken. Changes to water allocations are subject to approval from the resource manager. Pre-testing allows for certain changes to be approved very quickly, making the trading process more streamlined and cost effective. Temporary trades, or seasonal water assignments, currently account for the majority of water trades in Queensland. However, permanent trading activity is expanding steadily as old water entitlements are converted to tradeable water allocations and as the market matures. The permanent trading market provides significant opportunities to the mining sector. It allows mining companies to buy water allocations at market prices without compromising environmental outcomes or causing third party impacts.

Jan 1, 2006