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By Sorentino C

Mineral valuation may appear to be a special field of financial valuation when in fact it is a subset of general investment decision theory. The only significant difference in mineral valuation is that in the case of valuing an on-going mineral asset, ie a mine, often there is no initial capital outlay involved. One is required to determine what the mineral asset as it stands is worth. But this is the same problem as determining the maximum one could pay today and not incur a loss over the life of the asset. In other words one needs to determine the Net Present Value (NPV) of the asset. The two most widely used discounted cash flow methods, NPV and Internal Rate of Return (IRR) came of age with the rapid adoption of the personal computer and spreadsheet programs. The two methods are directly related as the IRR is a special case of NPV. NPV measures the absolute increase in real wealth that can be expected from a certain investment, which makes it particularly suitable for mineral asset valuation, but ignores the efficiency of the investment. In contrast, IRR gives the expected efficiency of the investment but ignores the increase in wealth aspect. IRR has two serious theoretical weaknesses; multiple IRR's and a very rigid assumption about the rate of return of reinvested proceeds, plus if no initial equity expenditure is involved there is no IRR. The choice of the ""hurdle"" rate can also be a problem and in certain circumstances one can obtain different rankings of mutually exclusive projects using IRR and NPV. Although NPV and IRR supposedly measure financial risk, in fact they only address a very narrow area of risk, namely the time value of money given the real discount rate. They side step the issue of what the real discount rate should be and varying degrees of risk. The classical way to establish the real discount rate is to use the weighted average cost of capital.

Jan 1, 1994

By M E. Pierce

Recent advances in comminution and heap leach technology have resulted in the development of many large-scale, low-grade open pit mines that coincide with areas of historical underground workings. Twoand three-dimensional numerical modelling has been conducted to assess the interaction between open pit slope stability and remnant underground voids. Most design analyses for open pit slopes assume a two-dimensional problem geometry. This is not the condition encountered in practice ù particularly when remnant underground voids interact with a large-scale open pit slope. Three-dimensional numerical models have been shown to provide a more realistic representation of the interaction between overall open pit slope stability and remnant underground voids.

Jan 1, 2003

By L O. ÆNeill, J Bebek

When Kalgoorlie Consolidated Gold Mines (KCGM) purchased its fleet of 18 CaterpillarÆs dump trucks in 1999, as part of its change to owner operated mining, five CaterpillarÆs Computer Aided Earthmoving Systems (CAES) were also commissioned on Komatsu PC8000 hydraulic shovels and Caterpillar D10R bulldozers. Since then the CAES system has been installed and operational on Komatsu PC3000 hydraulic shovel, CaterpillarÆs D10R dozers and Cat 994 front-end loader while Cat 854 wheel dozer has been fitted with CAESbasic. This investment in advanced machine guidance and control technology has proven very beneficial over the years for the Super Pit with improved safety and increased operating efficiency and productivity. The paper brings into focus how the CAES system adaptation in unique mining conditions assists in production gain, equipment operatorÆs safety, flexibility and independence, personnel removal from hazardous areas, acquisition of operational information and improvements in mine planning and design, benefiting the entire mining operation.

Jan 1, 2003

By Kennewell G. J

This paper aims to present the evolution of the mining method in the Prince Lyell orebody. Initial strategy and practical experience are detailed as are the reasons for and benefits of changes to the method since 1972 when underground mining began. This section of the paper starts with ten series and concludes with 40 series which was completed in 1989/90.In addition, to update the series of papers written by various authors over the past ten years on Mount Lyell, a review of the experience in the current 50 series lift of mining will be given. As well, the basic planning guidelines are discussed for 60 series - the final lift of the Prince Lyell orebody.

Jan 1, 1992

By Johnson CR, Wilkie G

The aim of the study was to use quantitative mineralogical measurements to predict the processing characteristics of an ore. Samples were taken from a wide range of concentrators processing ores of lead, zinc, copper and nickel. QEM'SEM was used to measure the characteristics of the ore feeding the plant. Concentrate product samples, together with plant operating data were used to give concentrate grade, recovery and grind size information. It was found that the mineralogical measurements correlated well with the metallurgical parameters indicating that these techniques will be very useful for making predictions in feasibility studies and simple plant optimization.

Jan 1, 1989

By R H. Yoon, M Gupta, A Noble, K Huang

Froth flotation is the most commonly used separation technology in the mineral industries. Given the complexity of the pulp and froth phases as well as the multitude of operational parameters that influence flotation performance, purely fundamental models with strong predictive capacity are limited. As a result, accurately modelling modifications to an existing flotation circuit are challenging, particularly when using empirically-derived models from a different operating configuration. Despite these complexities, a recent publication by the authors (Huang et al, 2022) has shown that flotation rates can be accurately predicted from a first-principles model that incorporates hydrodynamic parameters (eg pulp density, superficial gas velocity, feed flow rates etc), surface chemistry parameters (eg contact angle, zeta potentials and surface tension), and size-by-class liberation data. Circuit simulations using this model were shown to be effective in predicting experimental graderecovery curves from the size-by-class mineral liberation matrix. Since the model is derived from fundamental characteristics of the flotation system, it can be used to simulate alternative circuit configurations with varying degrees of recycle. Conventional flotation circuits are operated in a closed-circuit configuration by routing the cleaner scavenger tails (CST) back to the rougher feed to provide an additional opportunity to recover the slow-floating particles. This widely-used flotation strategy has been under constant debate, and several researchers have provided evidence that open circuit configurations provide higher separation and better circuit control (Konigsman, 1985; Bulatovic et al, 1998; Thompson, 2016). Recently, Finch and Tan (2021), used linear circuit analysis to show that open circuit configurations have a fundamental advantage when stage recoveries are high. Given the limitations of these prior studies, the objective of the current work is to further evaluate the merits of the open circuit configuration through a detailed circuit analysis and simulation study incorporating the first principles model described above.

Aug 24, 2022

By Anderson J. M, Gillies A. D S, Jones N

There are a number of current theories in relation to methane migration and emission into workings following underground coal mining activity and some controversies do exist. Mining causes changes in the stress regimes in surrounding strata and results in fracturing. Permeability increases and methane flows into workings under a pressure gradient. The effects of stress on permeability depend on the physical properties of the coal and surrounding strata. Methane emission also depends on the original methane content and the proportion which will be liberated. There are several methods for determining in situ methane content and desorption characteristics of coal samples and several methane prediction methods but clearly more research is necessary to achieve an adequate predictive model.

Jan 1, 1992

Preliminary petrographic investigations of eight Upper Permian coal seams of the Muja sub-basin, Collie Coalfield, reveal that the coal is high in inertinite and relatively low in vitrinite and exinite contents. The exinite content of Collie coal is relatively high when compared to other Australian coal of similar age. In addition the mineral matter content of the coal is very much lower than comparable Permian coal of Eastern Australia. The higher exinite content could be attributed to the type of Glossopteris flora, and the lower mineral matter content to the environment of deposition postulated for the Collie Coal Measures.

Jan 1, 1982

The value derived by good mine planning is often underestimated as many mines steer their attention to the more immediate and more easily recognised successes made by the day-to-day operational æbush fireÆ fighting. Similar to machine maintenance, the efforts made to quickly rectify short-term breakdowns are well recognised; whereas the value derived from the work in planning, scheduling and undertaking preventative maintenance is not so obvious or readily quantified. Too often the focus of the business shifts to building and supporting an efficient operations team at the expense of developing a highly experienced team of mine planning practitioners that are well trained with procedures and purpose-built tools to develop optimum mining strategies. A resource has an inherent value based on its quality parameters and its likely mining conditions. How well that value can be unlocked is governed, to a large degree, by the proficiency of the mine planning practitioners, as they, essentially, set the foundation of the mine business and the path along which the mine will operate. The importance of having a well documented and procedural mine planning methodology that integrates both a thorough technical and economic understanding of the resource cannot be over emphasised. The aim of the mine planning process is to develop a robust mine design and production capability which can best cater for future uncertainty whilst providing the best opportunity to maximise cash flow into the business. The planning process must be transparent and auditable, clearly summarising the process steps and assumptions made to arrive at a justifiable and defendable outcome. To provide maximum value to the business, the planning process must be repeatable and scalable to enable easy replication throughout the different mines and projects within an organisation. The diminishing numbers of highly experienced personnel within our industry, coupled with the growing pressure to clearly demonstrate that appropriate due diligence has been exercised, means that well documented and monitored mine planning processes using purposed built and innovative tools need to be developed to ensure optimum outcomes.

Jan 1, 2009

By Meyer T

Sunburst PCF (Penetrating Cone Fracture) technology has recently undergone extensive underground field trials at Leinster Nickel Operations, Western Australia. Trials with the Sunburst machine started in September 1994 and continued through to December 1994 during which approximately 130 metres of tunnel were developed. The Sunburst technology was used to excavate sub-levels through ultramafic nickel ore for future sub-level caving operations at the Perseverance nickel mine. The Sunburst machine demonstrated reasonable instantaneous advance rates, however, there are still a number of future developments/design changes which need to be addressed prior to the PCF technology being trialed again in a production environment. This paper benchmarks conventional drill and blast at Leinster against the Sunburst Excavator machine performance within similar tunnel dimensions and rock conditions. In addition to productivity and cost information; environmental considerations, support and labour requirements are also discussed. Problems with the current machine design are highlighted and possible future design changes are suggested. The Sunburst machine could be a suitable technology for advancing development through weak to moderate rock conditions and may also reduce overall support costs. With the potential for automation and the ability to reduce rock damage into the development tunnel walls, it is proposed that the Sunburst machine warrants further consideration.

Jan 1, 1995

By P Andrieux

By 1996 ground control-related problems at Brunswick Mine had raised serious concerns regarding the safe and economical extraction of large portions of the reserves. These difficulties were mainly caused by high stress levels in pillars, instabilities resulting from wide spans supported by ageing support elements, and chronic difficulties supplying rock fill from the surface quarry to the underground workings, which resulted in many large voids remaining open for long periods of time. Significant changes have been implemented at the site since 1996, amongst which were a change of mining method, the introduction of paste backfill, the establishment of stress management measures, and the introduction of shotcrete on a large-scale. This paper focuses on the regional ground conditions associated with both the previously used primary-secondary mining method and the newly implemented pyramidal pillarless technique, as well as on some of the stress management measures implemented at the mine.

Jan 1, 2000

By Richardson G. W, Yap L. C

Friction rock stabilisers (FRS) are the most common steel-based ground reinforcement used in underground mines in Western Australia. As with any other steel-based product used in underground mines they are susceptible to corrosion, particularly under aggressive minewater and mineral conditions. Because of their thin-wall tubular construction and large surface area, the potential damage resulting from corrosion is considered to be more severe for this type of reinforcement than for other forms of reinforcement made of solid steel bars. Because of the obvious safety problems which may result from corrosion, both mine operators and regulators have raised concerns regarding the long-term effectiveness of FRS installed in underground mines in Western Australia. Although corrosion has been recognised as an important safety issue, the controls of corrosion in varied underground mining environments has not been well understood. To improve the understanding of the corrosion behaviour of FRS, the Department of Minerals and Energy has initiated a research project focused on the mechanisms and extent of corrosion attacks, and their influence on the effectiveness of the reinforcement. This paper describes the research project and presents the interim results achieved To-date.

Jan 1, 1995

By Mur D. M

Metal ferrites are formed by the high temperature reaction of various metal oxides with hematite and are commonly found in the calcines derived from the sulfation roasting of zinc, copper and nickel sulfide concentrates. The Jarosite Process is designed to treat such zinc ferrites by hot acid dissolution but little information is available on the basic reactivity of various ferrites and the effect of Eh. As part of an overall study of the reactivity of calcine products from copper and nickel sulfide concentrates it has been found that Eh plays an important role in the rate of dissolution of magnetite, hematite and nickel oxide by HC1 and H2SO4. Further studies on the reactivity of pure synthetic copper,zinc,and nickel ferrites also show a dependence on Eh. This paper discusses the relative reactivity of iron oxides and metal ferrites in 1 M HC1 and the results of electrochemical studies using cyclic voltammetry. A mechanism for the dissolution reaction is proposed as well as factors which determine their leaching. It is shown that the rate of leaching of metal ferrites with HC1 is enhanced in the presence of reducing agents such as Cu(I) and Sn(II). By contrast the leaching of NiO is enhanced by oxidising agents such as Cu(II).

Jan 1, 1987

By D Smith, D Reid, D Bradshaw, C Brough

The Merensky Reef at Northam Platinum Mine in South Africa is characterised by a high degree of variability with respect to reef elevation (difficult to mine), as well as mineralogy and texture (difficult to process). Development along strike and down dip of multiple reef types has led to unpredictable run-of-mine characteristics that pose problems for the mineral processing circuit at Northam. Following mining terminology, Normal, Transitional (NP2) and Pothole (P2) Merensky reef types can be defined, and this geometallurgical study aims to characterise and understand the relationship between their mineralogical characteristics and laboratory scale batch flotation performance. The plagioclase-rich NP2 reef ore is the easiest ore to process in terms of capacity for high mill throughput as well as flotation performance. The lack of very fine-grained disseminated sulfide textures in the NP2 reef ore results in better liberation characteristics relative to the Normal and P2 reef types. Consequently, chalcopyrite, pentlandite and sulfide recoveries are highest for the NP2 reef ore. The lack of ferromagnesian minerals in the NP2 reef ore also results in the recovery of the least amount of floatable gangue during flotation tests. The Normal and P2 reef ores are similar to each other, with an orthopyroxene-rich mineralogy with associated alteration minerals. The P2 reef is also characterised by the highest sulfide content and degree of pentlandite liberation. Chalcopyrite, pentlandite and pyrrhotite liberation is only significantly increased by a change in grind for the Normal reef ore. The change in grind, however, only significantly affects pentlandite flotation performance and overall froth stability for the Normal reef ore. However, for all three ores, a small change in grind has a detrimental effect on pentlandite flotation performance.

Jan 1, 2008

By Ramsden AR

The ability of the scanning electron microprobe to provide non-destructive qualitative and quantitative mineralogical analysis at the micrometre scale makes it a very versatile tool for the mineralogical characterisation of ore deposits and their host rocks. With the trend towards exploitation of large tonnage low grade depositsnd precious metals at the parts per million level it is becoming increasingly important to have full mineralogical characterisation and knowledge of the mineralogical residence of the valuable elements to assist formulation of a cost-effective exploration program and obtain optimum recovery in the case of exploitation. Mineralogical applications include

Jan 1, 1989

The different electrowinning cells presently developed for recovery of gold from CIP eluates are compared and contrasted. The efficiency of operation for each cell is,discussed in terms of the electrochemistry of (a) gold deposition, and (b) packed bed electrodes. The advantages and problems associated with each cell design are presented and recommendations are made as to the best method of gold recovery.

Jan 1, 1982

By Wilson J. R

The main mining method employed at Mt Lyell is sub-level open stoping with a typical extraction level interval of 100 m and sub-level intervals of 30 m. Currently, pillar blasts provide the major portion of broken ore and firings are in the order of 200 000 to 300 000 tonnes while future firings of 500 000 to 300 000 tonnes are planned. Improvement of blasting techniques in these mass firings has been necessary for the following reasons. 1. Extremely wet ground conditions have adversely affected ANFO performance and placed extreme pressure on the charging and priming phases. 2. As pillar blasts increase in size the problems of wet ground conditions are accentuated resulting in very slow loading of wet upholes with cartridged gelignite and unreliable charging of the remainder with ANFO. 3 Fragmentation in pillar blasts has suffered because of the above, result- ing in increased secondary breaking costs and difficulty of extraction.

Jan 1, 1977

By Grinenko VA

Mineralogical, chemical, and isotopic data have been obtained for samples from 11 volcanoes and 4 kortlandite intrusives on Kamchatka.Similarities and differences in ore-bearing and barren intrusives are discussed. Differences in sulphide mineralization and sulphur isotope compositions of intrusives are explained in terms of the "auto-sulphurization" hypothesis which involves the redox conditions of the host rocks. possible role for carbon in nickle sulphide ore formation is also considered.

Jan 1, 1990

By G T. Hefter, P Singh

Sulphur dioxide oxidation is an attractive alternative anodic reaction to the evolution of oxygen in copper electrowinning. Accordingly, the electrochemical oxidation of SO2 in aqueous 1.0 x 10-1 mol/L NaClO4 has been studied at pH 2.3 using platinum and glassy carbon electrodes. On the platinum electrode SO2 oxidation occurred on the forward scan at 0.96 V and on the reverse scan at 0.63 V. For GC, a single SO2 oxidation peak occurred at 1.40 V on the forward scan. SO2 oxidation on both electrode substrates was hampered by oxide layer formation. The electrode could be reactivated however, by oxide layer reduction. Although reactivation was most successful for platinum, SO2 oxidation on platinum is quite complex, with this evidenced by the reverse scan anodic peak. Glassy carbon shows simpler behaviour and thus, is the preferred substrate for SO2 oxidation.

Jan 1, 1998

By G Harbort, T Georgiev, M Phillips

Phu Bia Mining Ltd, a subsidiary of Pan Australian Resources Ltd owns and operates the Phu Kham copper concentrator located in the Xaysomboun District, Lao PeopleÆs Democratic Republic. Construction and commissioning of the 12 Mt/a copper concentrator and associated facilities was undertaken by Ausenco Ltd and handed over to Phu Bia Mining Ltd in April, 2008. The first copper concentrate was produced in April 2008 and the ship carrying the first shipment of copper concentrate set sail 27 July 2008. Nameplate mill throughput was reached in August, 2008 when 1 020 000 dmt of ore was treated in the milling and flotation circuit. The Cu-Au mineralisation is contained in skarn and stockwork mineralisation and is interpreted as a distal expression of a conventional porphyry copper-gold system. Copper mineralisation is principally in the form of chalcopyrite with lesser bornite. Gold occurs as small grains, typically associated with copper minerals. In the upper portions of the orebody, oxidation and water table movements have resulted in near surface leaching of the copper and below the leached zone, supergene enrichment resulted in chalcocite mineralisation. The circuit operates with a semi-autogenous grinding (SAG) û ball mill circuit, feeding a bank of OK200 rougher cells. Rougher concentrate is reground in an IsaMill prior to entering a cleaner circuit consisting of three stages of cleaning and one stage of cleaner scavenging. The concentrate typically assaying 24 per cent Cu and 6 - 7 g/t Au is hauled for over 1000 km across the border to the Port of Sriracha in Thailand, and stocked in sheds at the wharf from which it is shipped to various Asian smelters. This paper discusses the successful commissioning and ramp up to design tonnage and metallurgical performance. In addition, a program to optimise both the comminution and flotation circuit is detailed with reference to grinding efficiency, flotation residence time and size by size mineral recovery.

Jan 1, 2009