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Depending upon the probability one assigns to project go-ahead, up to $10 billion (1978 figures) could be required for resource based projects in Australia in the next decade. In the past major resource projects were readily financeable against sales contracts. In the future the complexities imposed by such matters as political risk, inflation, currency movements and environmental and other socio- economic considerations on project development costs and returns may require a different approach. This paper addresses itself to the ramifications of providing development finance for resource based projects in the future - and in particular examines such factors as project completion guarantees, sales contracts, protection against exchange rate fluctuations, interest rate structures and debt/equity ratios as each relates to the provision of finance. TABLE OF CONTENTS SECTION 1 : Introduction SECTION 2 Factors Affecting Project Financing in the Next Decade SECTION 3 Some Aspects of Financing New Projects in Australia in the 1980's Conclusion

Jan 1, 1979

The Junction Reefs gold bearing deposit is situated on the Lyndhurst Mining Field in mid-west New South Wales. It is located within a triangle of three country towns namely, Blayney, Cowra and Canowindra, all three townships are approximately 25 km from the current operational mining leases. The district is well developed, having been settled for more than a cen- tury. However, being close to the Cities of Orange and Bathurst it is real- lised, instantly, that mining leases have been pegged, in this area, almost boundary to boundary. The lease patterns are, with few exceptions, those which had been estab- lished more than seventy-five years ago. These types of lease patterns may not assist the proper exploitation of a large district where there have been many discoveries of gold, copper and other metals.

Jan 1, 1988

By R Billingham

QueenslandÆs new safety legislation for metalliferous and coal mining (Mining and Quarrying Safety and Health Act 1999 and Coal Mining Safety and Health Act 1999, together with the Regulations) came into effect on 16 March 2001. The legislation places clear obligations on mine owners, operators and workers to have a safe place of work and to manage risks to safety and health. It also places obligations on contractors, designers and providers of services. The legislation is non-prescriptive in that it states what outcomes must be achieved and not what must be done. The key issue is that the risk of injury to people must be at an acceptable level. The legislation creates a Mines Inspectorate with powers of inspection and audit of mines, their safety management systems and the management of risks. Auditing of the risk management process is carried out against standard risk management techniques and directives for corrective action may be issued when audits reveal non-compliance or unacceptable levels of risk.

Jan 1, 2002

By Kerr M. H, Slaughter P. J

Design of the new cemented hydraulic fill plant was based mainly on experience with a succession of previous fill plants. Two stage cycloning of combined concentrator tailings was introduced. Design of the two stage cyclone configuration was assisted by computer simulation of cyclone performance. Cementing additives, namely Portland cement and ground copper reverberatory furnace slag, drawn from bulk storage, are pre-slurried prior to mixing with hydraulic fill. Quality control of fill being sent under- ground is achieved by a series of automatic control loops. Plant instrumentation was given prime consideration during the design phase. Inventory checks of all mass flow metering equipment are made at regular intervals. Fill is pumped to boreholes at several locations. Details of the equipment and operating procedures for the plant are Discussed.

Jan 1, 1973

By M A. Noppé

"Mining is an inherently risky business: from the technical, environmental, social and economic uncertainties associated with advancing an exploration concept to a viable project; to the risks associated with the operating, market, and safety risks and uncertainties attached to a developed mine; and the final mine closure process.Investors and other stakeholders assessing the risk, opportunity and relative value associated with a resource project need to appreciate the project in its correct context. Errors, omissions, biased reporting or conflicting information in reporting may result in a misinterpretation of technical and financial results, leading to biased estimates or assumptions on project value (Noppé, 2016).Simplistically, a project can be assessed on three key areas for positioning the project in its correct relative context, namely: the project development stage the confidence in the estimated quantities and qualities of the resource, reserve and/or product the level of accuracy, precision and confidence in the technical and economic studies supporting the project.In the latter case, the ‘technical and economic’ information includes assessing the necessary social, environmental and commercial/legal/governmental approvals for the project.Responsible management of a resource project through its full life cycle relies on competent and dependable control and direction being effectively provided by the technical, business and board leadership of the organisation. In turn, the project information must be effectively communicated between various disciplines, these disciplines and the company, and the company and its stakeholders.CITATION:Noppé, M A, 2016. Responsible management and transparent reporting across the project life cycle, in Proceedings Life-of-Mine 2016 Conference, pp 5–7 (The Australasian Institute of Mining and Metallurgy: Melbourne)."

Jun 28, 2016

By Armstrong M

The highest grades of the Porgera gold deposit, Papua New Guinea, are contained in Zone 7 due to the presence of the Roamane fault, which acted as channelway of the gold-bearing fluids. Prior to the development and underground mining of this fault-controlled high-grade zone it was critical to provide grade estimates of relatively small mining units, and of the proportion of mining units above cutoff. To be applicable to Zone 7 of Porgera a grade estimation method should account for the following:1. the highly skewed and apparently lognormal distribution of the grades,2. the rapid drop off of the local mean grade and the variance as the distance to the Roamane fault increases,3. the presence of high grade pockets in the footwall, away from that fault, and4. the existence of variograms for the logs with sills parallel to the fault and without sills perpendicular to it.

Jan 1, 1990

By Williams M

Sheet flotation is a new two dimensional column flotation cell that produces continuous spectrum of products. Analogous to a shaking table in its performance and analysis, sheet flotation is a sheet of bubbles rising through packing contained between two walls. Feed enters the sheet at the lower left and the product exit along the top and right edges. Iligh grade materials exit at the top left, middlings exit at the top right comer and low grade waste materials exit at the bottom right. As in the case of a shaking table, two motions are required: up and right. Bubbles furnish the upwards movement for hydrophobic particles, slanted packing the rightward movement for hydrophilic particles. The sheet flotation cells is analysed as a 40 x 40 array of simple cells. In practice, 1000 x 1000 arrays of simple cells may be expected. With larger arrays, excellent separations may be expected. Because there is no recycle, there is no build-up of middlings in

Jan 1, 1993

By Kruse JW, Kjar AR

Recently there has been increased recognition o'f the cost savings that can be achieved by the greater use of offsite preassembly for the construction of industrial plants. Preassembly is a method of construction which involves considerable offsite assembly of complete sections of an industrial plant in established fabrication shops. The preassemblies are transported to the plant site, often by large and oversize transport systems where they are set on prepared foundations, finished and interconnected to other sections of the plant as required. The concept of preassembly is not new, but widespread interest has been shown because site construction costs in all parts of the world have increased rapidly and often at a greater rate than in established fabrication areas. Particular interest has be focused on remote, isolated and inhospitable plant site locations. These areas require the import of skilled labour, the payment of high labour rate premiums and the development of infrastructure to support the workforce for the duration of the construction period.

Jan 1, 1983

By C Young

The identification of Critical Risks, their associated Critical Controls, and the implementation of processes to ensure their ongoing management can be difficult and resource intensive. Answering the following Critical Risk Management related questions can be challenging: • What is a Critical Risk? • What is a Bow-tie Analysis and when should it be used? • What is Critical Control? • How is the effectiveness of a Critical Control assured, and how is this measured? • Who is responsible for managing Critical Controls? • What are the implications if a Critical Control is not effective? It appears that in the mining industry’s efforts to implement the Critical Control Management Process outlined by the International Council on Mining and Metals (ICMM), instead of embedding an integrated, well understood, value adding process, we have instead created a resource hungry monster that is poorly understood by numerous layers of the organisation.

May 5, 2022

By M Hood, X S. L, W J. T Daniel, H Gurgenci

It is believed that disc cutter shape affects rock fracture and therefore cutter performance and cutter life. However, the current generation of disc cutters is made of hardened steel and these cutters wear rapidly and consequently they are unable to maintain their original shape in strong and abrasive rock. This wear problem could be reduced if the cutter was made from a harder material. Unfortunately as material hardness increases so does the propensity for brittle failure. In this study the optimum cutter shapes were identified by studying the mechanics of rock/tool interaction. The results showed that bevel and wedge cutters are better than cutters with dome and flat edges. A new cutter was designed, based on this result, using a harder material to increase the life by a factor of 20.

Jan 1, 1998

By C Young

In the vast expanse of Western Australia’s mining sector, a critical issue has come to light: many mining operations overlook the power of a Broad-Brush Risk Assessment (BBRA) to uncover their critical risks. This oversight has led to a cascade of challenges, where some mining endeavours find themselves grappling with: - Unidentified and unmanaged fatal risks, casting a shadow of uncertainty and heightened compliance risks. - A bewildering landscape where the concept of critical risks remains enigmatic, with some mistaking the risk register for the BBRA. - A fog of confusion surrounding the guardianship of these critical risks, leaving safety responsibilities blurred and undefined. Yet, the solution lies within our grasp. An effective BBRA empowers organisations to: - Pinpoint with unwavering certainty every ‘true’ critical risk. - Clarify ownership for each critical risk, ensuring accountability and swift action. - Create a prioritised roster of critical risks, illuminating the path to safer operations. - Lay the foundation for essential follow-up actions like bow-tie analysis, the identification of critical controls, and the fortification of the safety and health management system. Join us in this presentation, where we delve into the heart of an industry-leading BBRA process. Discover practical insights that will enable your organisation to craft and implement BBRA strategies, bridging the gaps in your journey toward preventing fatalities and fortifying safety protocols.

Apr 16, 2024

By Smith P

The past 20 years have seen the replacement of hydraulic control of longwall mining systems by the neater. smaller and better controlled electronic units.Early problems of moisture and other effects on reliability were overcome to see electronically controlled supports chosen for Corrimal Colliery ten years ago. Lessons from Corrimal and elsewhere, with following improvements and sophistication led to wider use as exemplified by Meco and other electronically controlled supports used in more recent installations in New South Wales, Queensland, USA and Czechoslovakia of the total of over 80 electronically controlled support installations worldwide in the past decade. Present work is toward a fully "integrated face" of British Coal by 1993, incorporating the Meco automatic face straightening system already due for practical use in the UK later this year. However the manless face still appears to be some way off although the present minimum crews and close monitoring, including early warning, are promising stages.

Jan 1, 1991

An airlift pump is fitted to the screw conveyor of a decanter type centrifuge in order to pump out soft cakes which are difficult to discharge from a standard decanter. The new patented2 design improves separation performance and allows more stable operation, particularly when operating the decanter as a thickener.

Jan 1, 1989

By R Castroviejo, F Segundo, C Brea, J-C Catalina, H-J Bernhardt

Optical microscopy is a basic but still indispensable tool for examining mineral parageneses in ores. The design and concepts behind the reflected light ore microscope have obviously not been subject to spectacular technical evolutions in the last decades. However, digital imaging capabilities have opened new and stimulating perspectives for automated mineral identification. Recent works in developing multispectral image analysis (Pirard, 2004) have demonstrated its superior potential with respect to conventional colour imaging, but at the same time reconciliation with spectroscopic databases such as the Quantitative Data File III (Criddle and Stanley, 1993) still needs a more in-depth investigation as well as the possibility to extend both imaging and spectroscopy into the near infrared domain. In this paper, the authors present results gained from multispectral imaging in the range between 400 and 1000 nm together with spectrophotometric data from the QDFIII database, with an emphasis on minerals that cannot be easily distinguished in the visible spectrum.

Jan 1, 2008

Owing to the 'creeps' and consequent movements in the mines, followed by the recent fire in the southern workings, the whole of the orebody above the 800 ft. level is now very much crushed and broken. The same applies to the hanging wall or overwall coutrny, which has subsided towards the workings, so that for some years past all development work within the lode has had to be carried out with extreme care.The continual but slow subsidence of the overburden into the stopes necessitates a periodical renewal of all gangways in the lode, and, as the subsidence amounts to as much as 60 ft. in places, these new gangways must necessarily pass through the mullock-filling of old stopes in addition to broken ore. They at times pass into the broken ground of the hanging-wall for some distance, where the orebody has widened underneath by the original folding and puckering.

Jan 1, 1932

By Manula C. B

The total systems model for underground oal mining planning and design is a set of omputer programs which encompasses a realis- ic reproduction of the interaction between he geological, environmental, equipment, meth- ds and the health and safety aspects of the ining plan. The total system includes nine ajor subsystems - Geology and Reserves, Meth- ne Generator, Roof Support, Subsidence, Pro- uction, Rail Haulage, Cost, Water Generator, nd Ventilation. The subsystems themselves re divided into two categories based on the requency with which they are executed. Event riented Subsystems are executed either inde- endently, or at discrete intervals when cer- tain specific events occur. Dynamic subsystems 'unction interactively during the production :ycle. They transfer data to or request data `rom event oriented subsystems only when spe- ific events occur. Three specific areas for iodel application are in the measurement of system performance, the development of the '_ nterrelationships of the components of deep Wining process and the evaluation of new and Lnnovative mining technology.

Jan 1, 1977

Natural gas is a comparatively new fuel in Australia. It was first used in small quantities in Queensland in 1965, but it was not until 1969 that natural gas reached the capital cities Brisbane, Melbourne, and Adelaide in that order; then in 1971 it reached Perth. By the mid seventies, natural gas had secured a significant proportion of the energy markets in Queensland, Victoria, South Australia and Western Australia and in 1976 supply commenced in Sydney. In that year - 1976 - gas supplied about 12.5% of the total demand for primary energy in Australia excluding transport. In the current financial year - 1981/82 - natural gas is expected to supply nearly 19% of the market and forecasts for 1990 range up to 25%. From a starting point in the late 1960's when manufactured gas supplied a small but important proportion of the non-transport energy market - less than 3% - we have exper- ienced an average growth of nearly 24% per annum up to the present time.

Jan 1, 1982

By Carras S, Kelsey P, Caccetta L

An important problem in open pit mine planning is that of detennining the optimum ultimate pit limits of the mine. These limits are that contour which is the result of extracting the volume of material which provides the total maximum profit while satisfying certain practical operational requirements such as safe wall slopes. The determination of the optimum pit contour provides information that is essential in the evaluation of the economic potential of the mineral deposit. A number of optimisation techniques are available for determining this contour with the Lerchs-Grossman and the Network Flow methods being the most favoured. Unfortunately, direct application of these techniques to large ore-bodies may cause considerable difficulties because of the computational time and storage requirements. In this paper, we present a strategy for resolving these problems, and the associated pit design software PITOPTIM (incorporating a fast network flow technique) and a data reducer, BOUND. The results presented highlight the speed and power of the software package rivalling the popular Lerchs-Grossman technique. An application of the software for a sensitivity analysis is also presented and discussed.

Jan 1, 1991

By C Sylvestre

For the last 50 years, traditional safety management has improved safety performance by: • Fixing the environment (eliminating the hazard). • Improving the system (more/less rules, procedures etc). • Making safety more conscious (more/better interactions about the importance of safety). Although these approaches certainly have merit, and may be part of an overall solution, they are not enough to prevent many modern-day incidents. Today, these three approaches are used more than before, and are used better than ever before. Yet, workplace fatalities in Australia have stagnated from 2013 to 2019, as have the number of incidents, even serious ones. In the USA, workplace fatalities have increased by 15 per cent in the same period.

May 5, 2022

By C Zhang, G Si, J Oh, X Zhu

The presence of rock joints has a huge impact on the strength, deformability, and permeability of fractured rock masses by providing surfaces of weakness on which further deformation are more prone to occur, and by serving as the major channels of water flow due to low matrix permeability. In earlier studies, water flow-through rock joints is often assumed as laminar flow between two ideal smooth parallel plates, and the well-known cubic law was derived and widely used to characterise the hydraulic behaviour of rock joints. However, natural rock fractures are irregular and of spatially varied aperture. Thus, the concept of equivalent hydraulic aperture was introduced to modify the cubic law. Numerous works have been conducted on the relation between hydraulic aperture and mechanical aperture incorporating various geometrical parameters. The surface roughness is one of the most sensitive factors for water flow-through rock joints. The aperture distributions are irregular in natural roughed fractures relative to the parallel plates. Barton et al (1985) and Olsson and Barton (2001) incorporated the joint roughness coefficient JRC in evaluating hydraulic aperture and proposed an empirical equation based on fluid flow tests. However, their equations do not conform to the dimensional consistency. Many other researchers (Zimmerman and Bodvarsson, 1996; Xiong et al, 2011; Li et al, 2019) considered aperture distributions in their equations. But the aperture distributions change during shear was always neglected. The contact of rock joints also has a significant impact on the hydro-mechanical behaviour of rock joint, since fluid tends to flow-through a rough joint along connected channels while bypassing the contact obstacles with tortuosity. Nonetheless, previous research mostly considered joint roughness or aperture changes based on 2D joint profiles, while the contact and tortuosity based on 3D surfaces were often overlooked. Only a few works have been made on quantifying the effect of contact area on flow behaviour (Walsh, 1981; Zimmerman et al, 1992; Zimmerman and Bodvarsson, 1996; Yeo, 2001), and mostly ignored contact area change induced by shearing and the associated impact on flow behaviour. Summarily, the quantification of fracture geometry effects on water flow in single rock joints still needs further investigation, especially when considering coupled shear-flow processes. This paper, therefore, aims to study the impacts of contact area and aperture distributions of the single rock joint on the flow behaviour. The evolutions of contact area and aperture distributions induced by shear are considered. Then, an improved model for estimating the hydraulic aperture with the mechanical aperture incorporating the above factors is developed. Finally, a series of shear and shear-flow tests are conducted on artificial joint samples and the model performance is verified by comparing against the results of experimental tests.

Nov 29, 2022