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By E. V. Lilford

Valuators of mineral properties are faced with a range of valuation methodologies, the most important of which are grouped under the headings of the market approach, the cost approach and the income approach. The way in which value is defined and the detail of the different valuation methodologies is examined here. This paper aims at documenting the variety of valuation procedures and applying each method to a variety of gold projects and comparing the outcomes. Any decision to apply a valuation technique will depend principally on the stage to which the project has been developed. The valuation approach to a greenfield project will be substantially different from that applied to a well-drilled, extensively explored mineral property. Furthermore, a valuation exercise may produce different outcomes for the same gold project depending on which method is applied. In order to investigate the variability in valuation methods and to explore the outcomes of different approaches, a series of five gold projects was analysed. The projects differ in regard to levels of capital application, infrastructural setting, depth below surface, in situ grade, and the stage of development, and were valued using the different methods. The most critical aspect of any valuation is the capacity of the valuer to identify the salient issues and ensure that they are incorporated into the valuation. The danger of simply applying ?black box? solutions to valuation problems without a full understanding of the parameters and the areas of uncertainty is emphasized. The importance of the valuator?s experience, insights into best practice and the ability to recognize and submit to the requirements of compliance within the minerals industry is among the most important characteristics of a valuer.

Jan 1, 2005

By C Placzek, E Beattie, K Blake

Channel iron deposits (CID) consist of ferruginous chemical sediments, and are an unusual subset of Phanerozoic ooidal ironstone deposits almost unique to the Pilbara, where they constitute around 19 per cent of the Pilbara’s iron ore exports. These deposits occupy many of the ancestral river channels of the Pilbara region, especially the Robe River palaeochannels, incising and meandering through the Precambrian banded iron formations (BIF) of the Hamersley Group and the underlying Fortescue Volcanics.This paper explores the factors underlying geochemical variation in CID, particularly the chemical properties of goethite. The selected deposits in the western Robe palaeochannel and its tributaries show little or no secondary reworking by later water tables. There is a total absence of aluminosilicate clays with all the deleterious elements such as aluminium and silica. Instead, these are associated with the goethite mineral lattice, either within or adsorbed to the cortices of pelletoids.A thickly vegetated environment, and the presence of the Maddina Volcanics as potential source rocks for these western Robe CID is offered as an explanation for relatively high aluminium in the deposits studied, and, in turn, as the reason most parts of the palaeochannel are preserved as inverted topography.CITATION:Beattie, E, Placzek, C and Blake, K, 2017. Dirty goethite – a geochemical characterisation of some western Robe River channel iron deposits, in Proceedings Iron Ore 2017, pp 489–502 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Jul 24, 2017

By J. Forwood

The Youga gold mine in Burkina Faso, West Africa, is scheduled to produce first gold in the third quarter of calendar 2007. The project is expected to produce 540 000 oz of gold over 6.5 years, from a conventional open pit carbon in leach mine. The direct capital cost of the project is US$47 M. Etruscan Resources Inc, a Canadian based gold exploration and development company, holds 90 per cent of the project company Burkina Mining Company SA (BMC). The state of Burkina Faso is free-carried for the remaining ten per cent of BMC. RMB Resources Limited, of Melbourne Australia, has arranged a US$35 M project finance facility for BMC (the Borrower) as the majority of funding for the Youga project development. The loan facility was provided by RMB Australia Holdings and Macquarie Bank Ltd (the Lenders) each as to 50 per cent in the lending syndicate. The Lenders also provided a gold hedging facility to guarantee a minimum price for the project's gold production. Burkina Faso is a francophone country, part of the Economic and Monetary Union of West Africa (UEMOA). The project financing is the first such facility to be arranged for a mining project in Burkina Faso, with little or no precedent available in other UEMOA countries. Therefore, while the Youga gold project is forecast to be a robust project applying conventional mining and processing methods, a number of legal, technical, commercial and social issues required identification, evaluation and resolution before the loan could be established. This paper describes that evaluation process and the resolution of these issues. In-house experience and expertise in both the Lenders' and Borrower's teams has facilitated a greater understanding and `ownership' of the issues and hence provided comfort with risks which might not normally be taken in conventional project developments and project financings. As a result, blanket external reviews were not required by the Lenders. A long-standing relationship between Etruscan and RMB Resources also facilitated solutions to a number of issues. Nevertheless, a degree of flexibility by the Lenders, the Borrower and Etruscan was required to successfully close the financing.

Jan 1, 2007

By I. G. Townsend, S. A. Buckley, C. I. House

"SummaryBritish Petroleum plc is developing a new gold recovery process known as coal gold agglomeration (CGA) for the recovery of gold from its ores. Liberated gold grains are recovered with high efficiency by adhering to agglomerates of coal and oil. The process is simple, can recover gold grains down to very fine sizes, avoids the large scale use of cyanide and provides the industry with an important new process option.A technical appraisal of the process has been performed on an extensive range of gold bearing materials. Ore types have been identified from which high gold recoveries can be achieved. A spreadsheet based computer program has been used to estimate the preliminary capital and operating costs of the process. Comparison with established gold production costs shows that the process costs of CGA, on the appropriate ore types, are potentially very attractive, which will enable economic treatment of lower grade ores than is currently possible using conventional cyanidation. Treatment of known placer deposits or gravity concentration plant tailings may be the most rapid means of demonstrating the process at a commercial scale prior to more widespread applications.1. INTRODUCTIONWestern world gold production for the 1980s has shown rapid growth sustained by a demand for gold at a favourable price (Fig. 1). Heap leaching and CIP/CIL operations have been responsible for the major part of new production during the 1970s and 1980s with present overall production costs averaging US$200/oz in Canada, USA and Australia and US$265/oz in South Africa [l]. A great deal of research and process development effort in the 1980s has been towards the treatment of refractory ores. Operating costs for the economic processing of these ore types by currently available routes are around US$300/oz [2]."

Jan 1, 1989

By V. M. Troughton

Large diameter bored piles with grouted bases have been adopted for the foundations of the majority of the buildings at Canary Wharf in London's Docklands, including a deep basement car park. The piles are founded in the Thanet Sand which forms part of London's aquifer where water levels are reported to be slowly rising. A special pile test has been carried out to determine the effects of both the basement excavation and a possible long term rise in the groundwater level on the performance of base grouted piles. These effects were simulated by injecting water around the pile toe and thus reducing the vertical effective stress. In this paper the test layout and procedures are described and the results are presented. The test results showed that the reduction in pile base resistance under increased water pressures was less than predicted by conventional design methods based on vertical effective stress. The end bearing resistance was found to be proportional to the mean effective stress.

Jan 1, 1989

By Thomas A. Giordano

Portable communications equipment is becoming increasingly important in underground mining. Proper selection of microphones and hearing devices to be part of these communication systems is essential if the messages are to be transmitted intelligibly. In this program a thorough study of the requirements for these transducers was made with respect to intelligibility, mechanical configuration, human factors and safety. A computer analysis was made to predict how several combinations of transducers would perform at typical mining noise levels. A survey has been made of those microphones and hearing devices on the market today that might be applicable to the miner communication system. Several systems are proposed and evaluated.

Jan 1, 1976

By Lily Ruíz

El presente texto evalúa el relave minero de SIMSA con el objetivo de obtener un producto ecológico que pueda ser utilizado como mejorador cationico de suelos y restaure el equilibrio de los suelos ácidos de la selva peruana. Para ello, se desarrolló un trabajo a nivel de laboratorio, obteniéndose resultados satisfactorios. Posteriormente se pasó al nivel piloto donde a través de la experimentación se utilizó el relave en diferentes concentraciones para la producción agrícola y forestal, reafirmando los resultados en las mejoras de la productividad en suelos ácidos.

Sep 9, 2007

By Alan J. Zeni

Drainage of water from abandoned underground mines has become important in recent years because of safety concerns when mining near abandoned works or reentering abandoned mines for further development. Seepage from inundated mines causes environmental damage and may threaten homes and communities. Where topography permits, horizontal drilling can provide a quick and cost effective method for solving trapped water problems. The mechanics of the horizontal drilling operation as applied to water drainage are discussed in this paper.

Jan 1, 1990

By Stephen C. Tadolini

The International Ground Control Conference in Mining has always provided an open forum for the publication, presentation, discussion, and often heated debate on roof bolting systems mostly with attention to how, when, and why they work. During the last 24 Conferences at least 170 papers have been presented by International Experts on these ?simple? devices that range in length from 30-inches to 20 ft and from 5/8 to 2 inches in diameter. Roof bolts are primarily mechanically anchored, glued, cemented, or driven. Bolts are placed vertically, angled, or tied together with special fixtures (trusses and slings). They have been termed active, passive, stick-slip, and several other descriptive acronyms or mining slang expressions. This retrospective paper will present the changes in bolt types and usage, point out some of the biggest myths and hail the most significant advances (according to the authors? opinions of course).

Jan 1, 2006

By P Storey, B Deans, T Lancaster

Straits completed its Feasibility study on the Whim Creek Copper Project in 1996. At this stage WCCP provided Straits with an open pit mine - heap leach - SX-EW copper project to follow on from its successful Girilambone Copper Operation (GCC). Since this time Straits has continued to review WCCP investigating a number of development and production scenarios. The development of Whim Creek, early 2004 and is on schedule to commence copper production in the final quarter of 2004. On current reserves Whim Creek will produce approximately 17 000 tonnes of copper cathode per annum for three to four years, at cash costs of The paper will cover a general description of the project, the project development and key design issues. Additional construction related issues associated with the complete relocation of the GCC plant to Whim Creek will be covered in the conference presentation.

Jan 1, 2004

By G. Winkel

"Safety conditions in industry have greatly improved over time. However, around the world, in Canada, and in each province or territory, people are still the victims of serious industrial accidents. The increasing safety of people at work then continues to be an imperative in industry today. In addition to protecting people, safety has been shown to make good business sense in any industry.The road to safety improvement is built on establishing a culture of safety that forms the basis for how work gets done in a company. Most importantly, an effective safety culture is built on the full engagement and participation of workers and leaders alike, who share in a vision for safe work performance where “no one gets hurt” and “everyone is a leader in safety.”Let’s learn together on how we can make a safety culture happen. The resulting bias for safety will ultimately save lives, and fulfills our moral objective to strive for safety excellence. IntroductionWe have the good fortune of living in democratic countries where freedom and the value of human life are key beliefs. These beliefs translate into the moral obligations and laws that we value and uphold in our society and life today.A minesite or workplace is simply a necessary part of our society where people earn a living. It is a place where our moral obligations and laws equally apply, a place where human life is of ultimate importance and value. In the early years of industry, this value has not always been evident. Take this description of a tragic accident reported in a coal mine on December 8, 1879:“Oliver Thompson, shaftman, aged 35— While taking wooden partitions out of a ventilation shaft, he fell off the work platform a distance of 100 yards, there did not appear to be anything unusual to account for this accident.”"

Jan 1, 2004

By G. Winkel

Safety conditions in industry have greatly improved over time. However, around the world, in Canada, and in each province or territory, people are still the victims of serious industrial accidents. The increasing safety of people at work then continues to be an imperative in industry today.<p> So how do we achieve a workplace where no one gets hurt? Well, in simple terms, folks need to be protected from unplanned exposures to equipment or energy sources that can do harm. If you think about it, all of our efforts in loss management and safety should then be directed toward avoiding these uncontrolled events. And it works! Our safety performance over the years has enjoyed tremendous improvement due to this support for loss management and safety. We now explore best practices toward achieving that next step in safety improvement.<p> As shown following, a large combination of loss management activities act together to support safety performance. Many of these activities are interrelated and some people have described them as the ?inputs? into an approach or program for achieving safety. Using this description, it follows that the ?outputs? of the program are some of the advertised measures of safety we see around us today, such as injury frequency rates. <p> It is asserted that a leadership focus to regularly measure safety and loss management activites (so-called ?inputs?), as a basis for taking supportive actions to ensure their effectiveness, is the basis for safety results (so-called ?outputs?) that consistently achieve high standards of excellence.<p> The concept of managing input activities, as enabled by effective measurements, can significantly act to transform our focus and priorities in the workplace. Supporting input activities like strategies, plans, or procedures with our best efforts will get us to our intended goals. Tracking outputs alone will not.<p> Safety and production have traditionally been cast as competing objectives. When both objectives are mutually supported and considered, however, people will invent ways of doing work that support both safety and production, and any other business parameter. When done right, innovation through meaningful involvement of affected people in the workplace will support safety excellence in a manner that in turn improves business efficiency overall.<p> For a workplace to be safe, it then requires everyone?s help and participation to make it happen, a collaborative effort by management, leaders, and frontline folks with the power and responsibility to take appropriate action at every level in the organization. In this way, everyone becomes a leader in safety.<p> The achievement of commitment to loss management input activities by folks in the workplace is the basis for attaining safety excellence. A workplace founded on commitment supports a safety culture with a vision for safe work performance at outstanding or world-class levels of achievement.<p> One may ask if injury incidents will be eliminated with this commitment and focus on workplace safety? Well, despite our best efforts in this area, there is never a guarantee that things can?t go wrong. We are simply not perfect. There remains in our workplace complexities and unanticipated risks that can have disastrous consequences if not managed at every moment. And when it goes wrong, we need to know we?ve truly tried our best, and now we have more to learn so we can get even better. <p> That?s the challenge represented by the safety imperative, a challenge to take safety performance that next step, a fulfillment of our commitment to the moral obligation we have to each other?s safety. It?s an effort that will continually raise the bar of world-class safety performance achievement for future generations. It?s a legacy we can be proud to be part of.

Sep 1, 2004

By W. A. Gericke, B. Olmstead, I. Mc Dougall, C. F. R. Smith

A finite element model was generated of a Søderberg electrode in a ferromanganese smelter. In this model, the casing and fins were modelled explicitly, and temperature-dependent material properties were included. A two-stage analysis procedure was used, the first part being a coupled thermal-electrical analysis using an applied DC current. As the casing material was non-magnetic, the DC current was deemed sufficiently accurate for this initial analysis. The proximity effect was not considered. Thermal boundary conditions based on assumed temperature distributions in the furnace were applied. Calculated temperatures agreed well with measured values. The joule heat calculated in this step was applied as a load to a coupled thermalstress analysis. The model was applied to a comparative study of alternative materials for the casing and fins. A number of different combinations of materials for the casing and fins were evaluated in a comparative study. The position of the baking zone was used as the criterion for evaluating the potential of each material combination. Based on this analysis, some material combinations were discarded as being entirely unsuitable, whilst the two most suitable combinations will be tested experimentally in the furnace. The stress analysis was performed on the most suitable option. The practical advantage of this analysis was that a number of what-if scenarios could be evaluated and discarded prior to embarking on expensive experimental work, thus limiting the amount of experimental effort required. A mathematical model allows for the comparison of options under controlled conditions, where parameters of interest can be varied individually, with all other parameters remaining the same, a condition which is difficult to achieve in an operating furnace.

Jan 1, 2004

This Bureau of Mines report comprises tables listing the name, location, and other pertinent data concerning certain future fuel-related projects. The tables include information on projects involving the proposed or planned development of fuel resources, as well as the development of storage, transportation, and conversion facilities; the report covers the 26 States east of the Mississippi River. Of the total 594 projects for which information is provided, 492 concern coal mines and electric generating plants.

Jan 1, 1976

By R G. Richards

The Australian glass sand industry produces some 2.8 million tonnes per annum of silica sand, of which about 2.0 million tonnes are exported and the rest is for the domestic market. Approximate production rates for each Australian state are listed. The variety of processing methods used in the currently exploited deposits reflects the size, location, and characteristics of the various deposits and the requirement of the end market/s. The industry uses to a large extent equipment developed for the separation of mineral sands, particularly as it applies to low grade heavy mineral deposits, where low cost, high capacity and metallurgically efficient equipment has proved eminently suitable for the production of the low value glass sands. The requirements of the domestic market, as well as those of the present and potential export markets are discussed covering quality requirements, distribution channels and other factors critical to success.

Jan 1, 1990

By A. Bhattacherjee

The Shewhart [X]?and R charts are still the most popular control charts in use today for continuous monitoring of quality data. However, for these charts to function properly, the underlying assumption of normality and independence of data must be satisfied. When either independence and/or normality of data are not present, which is a common feature of ore quality data, an application of the conventional Shewhart [X]?and R charts may introduce false alarms in the analysis of the data. To address these issues, a guideline is proposed for construction of appropriate univariate and multivariate control charts for a variety of situations. A use of this guideline to a bauxite mine suggested the construction of special cause control chart for the analysis of individual variables namely, Al2O3% and SiO2%; whereas, the multivariate T2 chart based on residuals is proposed for the bivariate analysis of the variables. The case study clearly revealed that without considering the data correlation, one may be in a state of false impression about an out of control condition while using the Shewhart [X]?and R charts for univariate and the Hotelling T2chart for multivariate analysis. To compare the effectiveness of the control charts, specifically the Shewhart [X]?and the special cause control charts, a simulation study was conducted. It was found that the conventional Shewhart chart provided lower probability of coverage than the special cause control chart. It was also revealed that the quality specification of Al2O3% is met as the variation of Al2O3% is well within the specification limits; whereas, it is difficult to meet the quality specification of SiO2% on a regular basis.

Jan 1, 2002

Development of Grindability Tests Based on Direct Measurement of Energy Nowadays, for the characterisation of the grindability different grindability indices - Bond-work index (Wi), Hardgrove Grindability Index (HGI) or Zeisel specific grindability (Wt) - are used. Generally, the grindability tests are carried out under relatively simplified circumstances, in a special dry batch mill with defined feed size material until prescribed conditions are reached at room temperature. However, in the fine- and ultra fine grinding, which is a frequent task (fly ash, tailings, alumina, etc), a fine material (&lt;50 - 200 ¦m) is usually ground down to the few micrometers. The conventional grindability testing methods and apparatuses (Bond-, Hardgrove-, Zeisel-processes) for their determination, although, are not suitable directly to measure the grindability of such fine materials, since the maximal particle size of the feed material (0.5 - 3 mm) to be tested is much higher. One of the important goals of the research carried out in our Institute was to develop the novel grindability testing methods, which are suitable for the fine and ultra fine grinding, and additionally provide the possibility for the fast determination of the grindability. In order to realise the above aim the conventional Bond- and Hardgrove- mills were modified in order to directly measure the grinding work. In particular, the Hardgrove-mill was equipped with a simple torque-meter (load cell). The Bond-mill was rigged with a digital electric power measurer. The systematic experiments were carried out parallel in both mills using the conventional and the developed methods. Finally the results of both were compared. The measuring results have proved that the Bond-work index can be determined based on the developed methods. The new grindability testing methods were applied successfully in several industrial research tasks for the determination of the specific grinding energy and the Bond-work index. These methods can be also used in the industrial practice for the control of the grinding process.

Sep 13, 2010

By Kenneth C. Ko

An engineering investigation was carried out on the technical and economic feasibility of implementing flexible liner/backpacking support systems In an advancing tailgate longwall mine. The system for a model mine consists of a circular tube constructed of liner plates and flyash backpacking. Flyash is pneumatically stowed into the tailgate. Small amounts of cement may be mixed to improve the support capability of the fill In difficult local ground conditions. Water is added inside the nozzle immediately prior to spraying. Results of theoretical analyses and a field test show that the designed system is technically feasible, can be cost-competitive, provides more stable ground conditions, and can Increase productivity and coal recovery, when compared with existing retreat longwall systems. In certain mine layouts, the new system can reduce the direct mining costs by a significant amount. The system would be particularly applicable to deeper coal beds with bad ground conditions.

Jan 1, 1980

By D. F. Smith

The thermodynamic data presented in the literature for zirconium compounds are incomplete. Among the compounds for which adequate data are Zacking are zirconium fluoride and sulfate. This paper reports experimental heat-content values determined by the Bureau of Mines for these two zirconium salts throughout the temperature range of 273° to 1,200° K. No crystalline transformations were found in the two compounds investigated, and neither of the compounds melted over the temperature range studied. MATERIALS TESTED The Oak Ridge National Laboratories, Oak Ridge, Tenn., supplied the two zirconium salts used in this investigation. The zirconium fluoride was high- purity reactor grade material. The zirconium sulfate contained between 0.01 and 0.10 percent hafnium and calcium, and other elements in concentrations below 0.01 percent, A spectrographic analysis of the two compounds is given in table 1. Before use the compounds were dried at 400° C. for several hours to removed adsorbed moisture.

Jan 1, 1962

By Jacques Ouellet, Ferri Hassani

"Within the mining industry paste backfill technology has evolved over the last two decades. This technology aims at producing safe and cost effective backfill of high strength. When used as cemented backfill underground the usual practice in the mining operations was to consider the backfill as a component under the production engineer responsibility. With its growing use in various site conditions some problems were encountered. Over time the mechanical characteristics of paste backfill could deteriorate. Investigations on these problems brought an increased understanding of paste backfill chemistry. Effectively, paste backfill is produced with tailings slurry having sometimes very complex chemistry and mineralogy. The bonding agents can be sensitive to the chemistry of these slurries. Today, a new understanding of the complex chemical reactions involved in cementing paste backfill is derived from concrete research literature. Cemented paste backfill is a manufactured product and as thus all steps involved in its making must be looked at. Both the processing engineers and mining engineers need to be involved. The proposed paper will go over the various developments and new understanding gained over the years on paste backfill chemistry. The authors had the opportunity to work with various Canadian mines that implemented paste backfill in their operations. Chemical alterations case study will serve to illustrate the importance of a good understanding of cement and paste chemistry. The authors will then conclude on research orientations needed to bring a more efficient use of paste backfill technology. The crucial role of the processing engineers in the paste backfill manufacturing will be discussed.INTRODUCTIONPaste backfill is usually prepared from a mixture of solids and water containing at least 15% particles smaller than 20 microns with the addition of binders for mechanical strength. Historically, tailings had been classified to extract the fines and only the coarse part was placed underground as sand slurry. Paste fill was researched in the last three decades to enable mining operations to use all the tailings, including fines, in backfill. The outcome of the early studies showed that paste fill provides high strength but due to preparation complexities and transportation problems is expensive. A greater understanding of the transportation mechanisms and advances in dewatering technology in recent years has resulted in more practical use of paste backfill."

Jan 1, 2002