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The mining industry is generally regarded as a high risk industry, mainly because of the difficulties in estimating the tonnage and grade of mineral resources, the fluctuations in metal prices, mining problems and other problems which occur with mining in offshore and remote locations, such as appropriation or disruption to supply. As a consequence, finance providers require a high reward from mining projects. In the past two decades, the development of "mega" projects has led to the packaging of the finance becoming more sophisticated. Some would see this move as a measure of the evolution of banking rather than an intrinsic facet of mining finance itself. Project financial managers now require a thorough knowledge of all the financial tools which are available and have to be aware of the funding options so that they can put together a finance package which minimises the cost of the financing with the risk spread adequately between the partners of the financing. The different sources and types of finance for mining projects are described herein along with the factors which determine their costs. To understand the ramifications of financing mining projects, it is essential to appreciate the fundamental difference between debt and equity, which illustrates the importance of gearing. Costs of finance are determined by the interaction of supply and demand forces. Bankers and other financiers have become more adept at isolating a wide selection of risk elements and have devised a formidable range of insurance mechanisms. There is still a lot of money looking for good project risks and if a good project is properly presented and structured, financing can be obtained in today's market.

Jan 1, 1990

By Tripathy A. K, Satapathy B. K, Nayak B, Mohanty J. N, Dey D. N

The paper deals with the metallographic tudy of heat treated chromite and chromite-coke composite briquettes. The briquettes, prepared from chromite concentrate of Orissa Mines using molasses-lime, dextrinelime and tamarind seed as binders, were subjected to different temperatures and examined metallographically. The change of phase with temperature was analysed by X-ray diffraction.

Jan 1, 1987

The observation of lower-than-predicted Fe/Cu ratios in the cementation of copper on iron in tests at elevated temperatures indicated that some other reaction was contributing to the reduction of cupric sulphate in addition to the reduction by elemental iron. Experiments showed that the copper sponge, which initially formed on the iron, subsequently reduced the cupric sulphate giving the products cuprous oxide and sulphuric acid.Tests were undertaken to determine the rate and equilibrium conditions of the reduction reaction with variations in the types of the reducing agent and solution parameters. The reaction first became apparent at temperatures above 50°C and as it ceased at pH 1·8 it was possible to induce further reaction by alkali addition.

Jan 1, 1974

To form a true picture of the early history of Queensland, we must think of white settlement advancing like an incoming tide, wave by wave; each wave lapping ahead a little further than the last. The credit for opening up the country belongs to a large number of pioneers, each of whom pushed out just a little further than his predecessors.Contrary to what one might expect, Rockhampton district was settled by overlanders from the south and not from the ocean side. When the Archers, the pioneers of the Rockhampton district, reached Gracemere in 1853, settlement had already made its way down the valley of the Dawson River; for it was from Leith Hay's station at Rannes (a few miles below Mount Morgan) that the Archers advanced northward into the unknown, to find the river that the explorer, Ludwig Leichhardt, had told them must enter the sea somewhere near the Tropic of Capricorn.The Archers travelled northward from Rannes up the valley of the Dee, coming out on the edge of the Razorback Range not very far from the point at which the Dawson Valley Highway drops over into Poison Creek. (Their diary records the bearings from a lookout point to various peaks around Rockhampton, and to-day, by plotting back from these peaks, we can determine the exact spot at which they descended on to the Fitzroy Flats.) We can be certain, then, that they must have been the first white men to set eyes on Mount Morgan; though to them it would have seemed to be nothing more than an insignificant hill...

Jan 1, 1939

The emergence of China as a global economic power has not been without its birth pangs and the current coal market is testimony to this. Traditionally the coal market has been controlled by mature economies that functioned along balanced lines of supply and demand. The emergence of China and India as major forces in the international market has shifted this balance of power from mature economies to the developing economies of China and India. Of late Chinese Central Government policy has caused wide swings in the supply of Chinese coking coal and thermal coal to the international Asian markets. This has resulted in huge increases in demand for coal from producers in Australia, Canada, Indonesia, USA and Russia. Additionally since the late 1990s the liberalised Chinese economy has been growing by between nine to 12 per cent per annum. The corresponding rise in the standard of living of their 1.4 billion people has resulted in a strong demand for raw materials, initially met by domestic production and more recently met by the importation of raw materials including iron ore, oil, coking coal and thermal coal. Commensurate with this growth in China has been the emergence of India (pop one billion) as another major developing economy in the region. Whilst the Indian standard of living is lower than that of the Chinese, this subcontinent still has some 300 million people with middle class consumption demands. India is a major importer of oil, coking coal and thermal coal. It exports iron ore to China with growth parallel to China (seven to nine per cent per annum). These combined new demands from India and China have put unprecedented pressure on the global supply of coking and thermal coals. These pressures are reflected in the current world spot prices for coking and thermal coals which are at historically high levels. Whilst current demand from China and India is high it is anticipated that new projects will partially satisfy this increasing demand. Expectations are that overall thermal and coking coal prices will rise steadily. This paper seeks to identify the potential effects of Chinese and Indian economic growth on the international markets for coal.

Jan 1, 2004

By A. J. MOORE

When the writer first saw the square-set timbering, he was at once impressed with the fact that the frames made by the sets, along the lode and across it, were composed of panels with rectangular openings, and it was puzzling to understand howsuch a collapsible construction could resist pressure that came unevenly on it. Later he learnt that the sets did not satisfactorily resist such pressure, but mullock filling had, to a great extent, to undertake this duty for them. So it appeared that the setswere practically an expensive scaffolding, enabling the miners to work in the face and carry the stope forward, till the filling was put in behind them to take the pressure of the roof and sides of the excavation. Of course some of the pressure is takenby the sets, but this is because "the set timbers prevent the filling being done perfectly; if it were practicable to remove the sets before filling, the filling by itself would more effectively support the back and wall, than do the combined sets andmullock. On the whole, therefore, the sets can hardly be said to be of much benefit where pressure has to be resisted. Despite this, the system has been of immense service in mining wide lodes, but for all that, it can only be pronounced a makeshift.This is no reflection on Deidesheimer, the famous originator of the square set, for, as will be shown later on, this way of...

Jan 1, 1912

Factual data about the sedimentation in the Newcastle Coal Measures are presented. Data concerning the total coal measure sequence (isopachs, sand/shale ratio, and total coal thickness variation), data about three coal seams (Borehole, Dudley, and Victoria Tunnel) and data about interseam conglomerate units are discussed.From this data conclusions are drawn about the coal measure environment. The western edge of the coal basin, the Lochinvar Dome, although a high feature, was apparently stable during coal measure time. Despite its height it apparently supplied little sediment to the basin.The northern and north-eastern edge, which was unstable, supplied most of the coarse detritus (including the conglomerates) to the basin. The conglomerates show patterns of fluvial origin but after a period of "normal" variations in pattern they become restricted to two parallel zones evidently tectonically controlled. Deposition of conglomerates is episodic and separated by periods of coal formation when deformation was apparently slight. Formation of each of the three seams considered followed a rather similar pattern- each show development of thick coal around the basin edge and poor thin coal in the "axial" region of the present synclinal structure.Evidence of ill situ formation of some areas of the seams is discussed and periodic deformation of the basin during coal measure time is postulated.The unusual character of this coal basin, in particular the very coarse units, is stressed, despite the presence of many "normal "coal basin features.

Jan 1, 1970

Although these subterranean cavities are common to the Broken Hill big lode, yet the Broken Hill Proprietary is the most prolific in their occurrence, loud they have been found of various dimensions almost from the surface down to the lowest levels yet attained in that mine. Many of these vugbs have contined valuable silver, copper and lead deposits, and some have been remarkable for the beautiful forms of crystallization pendant from the roofs and walls, and collected on the floors. The question arises, How are these caverns and fissures in the ore body formed? There are numerous theories more or less feasible, but that the causes are variant is demonstrated beyond doubt. That water in its passage leaving channels, is one ofthe chief factors for their production is assured, and their presence is likewise due to the shrinkage and dropping of the earth from varions causes, to the deposition of material forming ledges overhanging, and thus leaving spaces below, and also to chemical erosion and electrical action both of which latter are constantly at work in reconstructing, segregating and dissolving tlie mineral and metallic constituents of all ore bodies.One of the most remarkable vughs yet discovered in the big mine was that opened up about three months bitek in the' heart of the ironstone body on Block 11, and located about 40 feet below the 100 feet level of Weatherley's stopes, but now destroyed in the progress of work. Probably it was caused by chemical action, the eating out, so to speak, of a soft and soluble portion of the manganic iron, leaving a,hollow about 15 feet long, with a width and height, of say, 6 feet, carpeted with beautiful zinc with a modicum of limeincrustations, apparently produced by the percolation from around the carbonate waters holding these minerals in solution. This cavern was divided into, what might be termed, a double chamber, by big boulders of manganic iron, also coated with an aggregation of small crystals of zinc and lime although the actual proportion of the latter was not determined.

Characterisation of Computer Printed Circuit Boards for Hazardous Properties and Beneficiation Studies

Sep 13, 2010

Exploration work at the southern flank of the Mt. Coffin diapir has encountered three different types of copper ores: copper carbonate, largely malachite; secondary sulphides, mainly chalcocite replacing pyrite; and a primary arsenopyrite-tennantite-tetrahedrite-chalcopyrite association. The secondary copper ore is occasionally stratiform but mainly erratic at the contact between tillites and siltstones of the Tapley Hill formation.There have been two stages of primary mineralization.1. Arsenopyrite, tennantite, and tetrahedrite occur in siderite veins.2. Revival of the diapirism has caused fracturing and local brecciation of the rimrock and subsequently ascending solutions precipitated chalcopyrite. The chalcopyrite also partly replaced arsenopyrite, tennantite, and tetrahedrite.

Jan 1, 1972

The Hyde Macraes Shear Zone (HMSZ) is an extensive low angle semibrittle mineralised structure in the Otago Schist Belt, New Zealand. The shear zone is located on the lower limb of a late metamorphic recumbent fold. Structural observations suggests that the shear zone initiated as a high strain mylonite zone and transgressed the ductile/brittle boundary (D4) later in its development. A surge zone at Round Hill is bounded to the south by a NE-SW striking lateral ramp which displaces the hanging wall shear (HWS) by 50 m. Oblique strike slip displacement during surge zone propagation created space for deposition of the sheeted vein complex or stockwork. Quartz recrystallisation in stockwork veins suggests that the veins were deformed in a ductile manner and implies that surge zone propagation may have occurred during late D3 deformation. A macroantiform was produced during D3/D4 shortening below the HWS. Over tightening of the antiform hinge created SW and NE-dipping ramp thrusts. Continued strike slip displacement along the lateral ramp rotated the antiform and associated ramps into a south plunging drag fold. Post-mineralisation (D5) structures include NE-dipping nonna! faults below the HWS and SW-dipping low angle imbricate thrusts above the HWS. The development of these structures was kinematically compatible with normal movement on the HMSZ and is related to mid Cretaceous break up of Gondwanaland in the SW Pacific.

Jan 1, 1992

By D N. B Skinner

Changes in the configuration of late Cenozoic volcanic arcs related to Pacific-Australian plate convergence in northern New Zealand may have localised large-scale epithermal gold-silver mineralisation to a particular part of the volcanic arc system, the Coromandel Volcanic Zone (CVZ). The history of arc-type volcanism in northern New Zealand began with the development of the continental margin Northland Volcanic Arc from early-mid Miocene (26-15 Ma). From 18-15 Ma the Northland Volcanic Arc extended south into the northern and western part of the CVZ where it is dominantly composed of andesite with lesser dacite and very minor rhyodacite. In the south, centre and east of the CVZ, younger andesite-dacite volcanism overlapped in space and time (14-5 Ma) with voluminous rhyolitic volcanism associated with rift-hosted calderas and minor basaltic eruptions. This change to bimodal rhyolitic-basaltic volcanism and extensional tectonics was a result of southwest (SW)-directed propagation of the Colville-Lau oceanic island+ arc into the north-northwest (NNW) trending Northland Volcanic Arc and its underlying continental crust. The extensional tectonic regime created in the collision zone between the two arcs is also the site of the 14-6 Ma Coromandel epithermal gold-silver province, which contains some 50 separate deposits and has a production (1862-1996) of about 300 t Au and 1150 t Ag. Extensional tectonics facilitated the emplacement of silicic magma at shallow crustal level and led to reactivation of deep basement faults. The resulting enhanced heat flow and fault-focused fluid flow localised large hydrothermal systems and associated extensive low-sulphidation epithermal gold-silver deposits in the southern part of the province, as at Waihi, Golden Cross and Karangahake.

Jan 1, 1997

By Holla L, Tyminski A

Stowing has been successfully used in many countries as a means of controlling surface subsidence, minimi ing incidences of spontaneous combustion, maintaining gate road stability and maximising coal recovery.Australian experience in stowing is limited but in the future increased extraction of thicker and/or multiple seams by longwall operations and resolution of conflict of alternative land u'ses may necessitate the use of stowing in coal mining. At present there is little incentive for mining companies to introduce and operate a stowing system because costs have to be borne by the individual companies and benefits spill over to society and the State. Cost sharing by the industry and State incentives may overcome the problem of cost disincentive.

Jan 1, 1987

By C Spandler, S W. Richards G Rosenbaum, R J. Holm

"An EXTENDED ABSTRACT is available for download. A full-length paper was not prepared for this presentation.The recent and active magmatic arcs of eastern Papua New Guinea (PNG) and the Solomon Islands are well endowed with sulfide mineralisation and include deposits such as Ladolam, Panguna and Solwara 1. The majority of the mineral systems in this belt are younger than four million years old, with some deposits remaining active to the present day as exemplified by active hydrothermal systems on the island of Lihir. The geodynamic setting that led to the formation of these deposits is still unresolved, with, for example, both the Pacific and Solomon Sea plates considered responsible for the formation of the Ladolam deposit on the island of Lihir under different models. In order to understand and characterise the formation of south-west Pacific mineral deposits, we must first reconstruct the complex geodynamic evolution of the region. New kinematic reconstructions show that while mineral systems in eastern PNG and the Solomon Islands are hosted within a single arc related to subduction at the New Britain and San Cristobal trenches, variable and discrete geodynamic settings exist within both the upper and lower plates throughout this region, which give rise to distinct mineralised corridors. Most notably, this region is host to: the Solwara 1 deposit, which occurs within a major transtensional corridor in the eastern Bismarck Sea the Ladolam deposit (Lihir), which is interpreted to have formed above but in relation to tearing of the subducting slab the Panguna deposit, which is related to structure in the subducting slab marginal to the actively spreading Woodlark Basin.An evaluation of the nature and variability of these diverse geodynamic settings through time can provide us with a better understanding of the relationship between the active south-west Pacific magmatic arcs and mineral deposit formation. It may also provide insights into the diverse array of deposit settings at ancient convergent margins, with applications in mineral prospectivity studies.CITATION:Holm, R J, Richards, S W, Rosenbaum, G and Spandler, C, 2015. Disparate tectonic settings for mineralisation in an active arc, eastern Papua New Guinea and the Solomon Islands, in Proceedings PACRIM 2015 Congress, pp 165–170 (The Australasian Institute of Mining and Metallurgy: Melbourne)."

Mar 18, 2015

The Physiographical Features of the Region The Middleback; Range proper, from the Iron Duke in the south to the Iron Prince in the north, extends in a meridional direction for 21 miles, but may well be taken to embrace also the Iron Knob and Iron Monarch prominences so that the total length of the Range is 37 miles.Although no great altitudes are reached, the slopes of the high country are steep and the Range stands out prominently above the peneplaned surface of upper Eyre Peninsula. The Range is built up of sub-parallel ridges at some places, and its continuity is interrupted by transverse breaks or gaps resulting from normal stream erosion and corrosion during earlier periods when precipitation was heavier and streams were more active. Traces of high-level gravels remain on the flanks of Kimba Gap. A former mature stream on the western side of the Range has had its lower reaches blocked by sand and the old stream channel has been converted into an eiongated basin of internal drainage. The sand dunes in this area appear to be practically stationary at present, being fixed by mallee vegetation. Their trend is west-northwest.The relief of the Range is regarded as having been determined primarily by meridional strike faulting and selective silification of some of the beds. Dip faulting on the Iron Duchess leases has produced subsidiary features only.The Rocks of the Region: In order that some of the points made in the discussion of the genesis of the ore bodies may be appreciated it is necessary to consider the stratigraphical succession and the igneous types represented. This classification may be...

Jan 1, 1949

By Tumilty JA, Schmidt CG

Sulphide ion is a powerful poison in gold cyanidation, however, the detrimental effect is less severe in plant practice. This is thought to be due to the presence of depassivating elements in the ore, mainly lead. Trace amounts of lead can counteract the poisonous effect of considerable amounts of sulphide. The reaction is instantaneous and is likely to be a direct involvement in the electrochemical surface reaction. Lead addition cannot be regarded as an all-round cure when experiencing poor leach efficiencies. A possible beneficial effect depends on the mineralogy of the ore and has to be determined individually for every material.

Jan 1, 1989

In 1961, West Australian Petroleum's Eneabba No. 1 bore encountered 22 seams of coal totalling 40 ft in thickness between the depths of 6373 ft and 6441 ft. On analysis, this coal had a similar calorific value (8000-HOOO B.T.U./lb, assuming 20 per cent water) to the coal from the Collie Coalfield, Western Australia's only known area of commercially exploitable coal. Being buried to depths in excess of 6000 ft, the coal at Eneabba had developed weakly-coking properties, and thus, although much younger than the Permian coals of Collie, gave promise of being a major potential source of power for Western Australia.West Australian Petroleum undertook a programme of stratigraphic drilling and shallow test drilling to determine whether this coalhorizon persisted into the outcrop of the Lower Jurassic sediments in the Hill River district, 140 miles NNW. of Perth, and, if it was present, if the quality and quantity of the coal would warrant development of the deposits by open cutting. The coal horizon was identified in the near surface, but the poor quality of the coal and the complexity of the structure made development (in the area examined) uneconomic at the time.A strong seismic reflection in the Eneabba area occurs at the same depth as the Jurassic coals. This event originates within the upper beds of the Lower Jurassic and it is probable that the velocity contrast between the higher velocity siltstones and the very low velocity coals enhances this very strong, distinctive seismic reflection.This event can be followed on continuous seismic data over a large area of the northern Perth Basin, from 13 miles SE. of Dongara to 20 miles SW. of Coorow. It can be followed from a depth of 4000 ftnear Dongara to over 17,000 ft to the SE., so development of thisvast potential source of power will depend on the economics ofprocesses being developed for the production of power from theburning of coal seams in situ.INTRODUCTIONThe discovery of 22 seams of economically useable coaltotalling 40 ft in thickness in the Lower J urassic sedimentsof the Eneabba No. 1 bore (Fig. 1) led to the search forthese seams at economically workable depths. The Ministerfor Mines in Western Australia granted to West Australian1. Supervising Geologist, West Australian Petroleum Pty. Ltd.Manuscript received at The Institute, 25th May, 1964. and presented to the 1964Annual Conference.

Jan 1, 1964

The author summarizes and extends the relevant results of papers previously published by various authors and presents these results in chart form. The charts are used to demonstrate the theory on a hypothetical mine.INTRODUCTIONRecently a series of articles have dealt with leakage in a mine ventilation system and the problem of its reduction.Theories were developed by Peascod and Keane (1955) for the combined effect of flow in the airways and leakage through the porous barrier between the intake and return of an ideal mine. Later Keane and Peascoa. (1956) extended these ideas to the use of an underground booster fan in increasing the face ventilation and showed how to determine the water gauge and location of the most efficient underground fan.These articles were based on the assumption that Atkin:son's formula:P = R Q2 (1)gave the relation between the pressure drop P lb'/sq. ft., the quantity, Q kilocusecs, flowing in the mine airways and the total resistance, R Atkinsons, to air flow offered by the mine roadway. An Atkinson is defined as a resistance such that 1 kilocusec of air flows due to a pressure drop of 1Ib.jsq. ft. However for conditions prevailing in most mines a more :appropriate relation is that postulated by Reynolds and others (Lamb, 1953) :P=R Qn (2)where n has some value slightly less than 2. It should be noted that Atkinsons may not be used as units when n is not equal to 2.

Jan 1, 1958

The Round Hill gold-scheelite deposit is located three kilometres from Macraes Flat and approximately 60 kilometres due north of Dunedin, New Zealand. A mining feasibility study is currently being undertaken on the deposit by BHP Minerals (New Zealand) Limited, who are the managers and operators of a Joint Venture with Home Reef Mining Limited. BHP has a 70 per cent equity in the project area.

Jan 1, 1987

By R L. Braithwaite

Mesothermal quartz lodes in Paleozoic Greenland Group metasediments of the Reefton area have produced 67 t of gold up to 1951, and recent exploration has identified new gold resources in several deposits, including the largest past producers, Blackwater and Globe Progress. The metasediments consist of alternating sandstone and argillite, metamorphosed to lower greenschist facies and hydrothermally altered near the quartz lodes. We examined and sampled drill core from four prospects, Globe Progress, General Gordon, Merrijigs and Blackwater, to determine the mineralogical and geochemical characteristics of hydrothermal alteration in the sandstone units. The sandstones are feldspathic litharenites averaging Q65, FlO and R25, with detrital grains of quartz, feldspar, rock fragments, muscovite, biotite (mostly altered to chlorite), and trace quantities of graphite, apatite, zircon, tourmaline and titanite. Hydrothermal alteration has developed a secondary mineral assemblage of K-mica (muscovite, sericite and illite), carbonate, chlorite, pyrite, arsenopyrite and limonite. The abundance of secondary chlorite is greater at Blackwater than at the other locations studied. Features in the sediments associated with increasing hydrothermal alteration towards quartz lodes include, the development and increasing intensity of colour bleaching and carbonate spotting, increasing quantities of disseminated pyrite and arsenopyrite, and the appearance and increasing quantity and size of thin carbonate, quartz and sulphide veins. This is accompanied by increasing concentrations of sulphur, arsenic and antimony as shown in assays, and of volatiles (loss on ignition) and iron as seen in XRF analyses. We were unable to identify consistent trends in the behaviour of potassium, sodium, and calcium that are exhibited by similar mesothermal quartz lode deposits inVictoria, Australia.

Jan 1, 1998