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By B Dodd

This paper details how the Australian Securities and Investments Commission (ASIC), as a disclosure and conduct regulator, approaches regulation of continuous disclosure, capital raising and control transactions in the mining and resources sector, and the reasons for the approach. In examining this topic the paper considers the Joint Ore Reserves Committee (JORC) Code (JORC, 2004), the VALMIN Code (VALMIN Committee, 2005), the relevant ASX Listing Rules and the relevant provisions of the Corporations Act 2001 (Corporations Act). This paper discusses ASICÆs approach to expert reports and disclosure with reference to Regulatory Guides 111 Content of expert reports and 170 Prospective financial information.CITATION:Dodd, B, 2012. Issues in capital raisings and disclosure, in Proceedings International Mine Management 2012, pp 3-14 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Nov 20, 2012

By J T. Smit

The theory of froth flotation developed slowly, in almost all cases lagging behind practical developments in the operation of flotation processes. This was largely the result of a lack of understanding of the required basic principles of chemistry and physics, many of which were being developed at the same time. A review of some of the early theories propounded is worthwhile, and should encourage those who are presently studying or practicing flotation to exercise some care in claiming a complete understanding of the underlying phenomena in the art. This paper considers theories presented up to and including those in Principles of Mineral Dressing by Antoine M Gaudin (1939). Of course, developments since that time are important, but they are beyond the scope of this discussion.

Jan 1, 2005

By West Coast Staff

Attention to the design of facilities for drainage, of both surface water and seepage, made it possible to attain, for a qam impounding residues from a concentrating mill, a more stable sand wall which can eventually be carried to a greater height.EXPERIENCE WITH No. 1 DAMResidue from the lead zinc concentrating mill, which treats the ore from the Rosebery and Hercules Mines, was pumped 3,600 ft. through a 5-in. diameter woodstave pipeline to the site of the dam. It was formerly delivered through a 4-in. steel pipeline.State laws prevent the residue being discharged to waste into the Stitt River. Furthermore, as a pyritic residue it is a potential source of sulphur.Between 1936 and 1956 more than 1,000,000 tons. of residue was paddocked. The run-of-mill product was roughly classified at the dam in a 6-ft. diameter cone classifier and the sand fraction was pumped by a 3-in. pump to the front wall of the dam across a shallow valley. The overflow gravitated to the rear of the dam (Fig. 1). Typical sizings were:

Jan 1, 1958

By S Moradi

The thickener overflow of zinc concentrate, obtained from flotation process in the Angouran plant located in Iran, contains a large quantity of slimes which were transferred to the tailing ponds. These slimes have caused problems of storing and environmental aspects in the Angouran area. The objective of this research is to describe the extraction of zinc from these slimes by leaching method using sulfuric acid in pilot plant scale.Chemical analyses showed that these tailing materials contain 35 per cent of zinc. By XRD analysis, smithsonite is identified as the major constituent. Calcite, dolomite, and cerussite are found as carbonate minerals. A minimal amount of Zn occurs as hemimorphite. Quartz, kaolinite, clinochlore and muscovite are other silicate minerals in the slimes.In the optimal conditions, ie acid leach at pH of 1, temperature of 55¦C, reaction time of 120 minutes and solid-liquid ratio of 1:3 and neutralisation with Ca(OH)2 at pH = 4.5, temperature = 70¦C, time = 90 minutes, the total recovery of zinc obtained was 95 per cent.

Jan 1, 2004

Average annual growth in consumption of primary energy in Australia over the past ten years has been 5.5% compared to a world average of 4.1%. Over the next ten years growth rate is expected to increase to 6% per annum due largely to the rapid development in the mineral processing industry. By the end of the 1970's natural gas is expected to supply more than 9% of Australia's, primary energy market. Coal will supply 40% and petroleum products 47%. Nuclear energy will make its appearance but-will only make a small contribution in the period. Australia has adequate reserves of natural gas and coal to supply its needs in the 1970's and beyond. However the newly developed reserves of crude, while supplying 60-70% of requirements-in the initial years; will need regular and sizable additions if they are to .keep pace with the expanding consumption. For Australia to become self sufficient in the period 1970-1990 it is estimated *that new discoveries-will need to approximate. ten times the volume of recoverable reserves found in Australia to date. .

Jan 1, 1970

By Bhattacharyya A. K>

The Pemali Open Pit Mine is situated in a small island called Bangka in Indonesia. It produces approximately 165,000 m3/year of tin ore with an average grade of 3.67 kg/m' of tin from a primary deposit. The deposit occurs at the rim of a granitoid intrusion within sedimentary beds. The rock formations, all extremely weathered, and the overlying alluvium, are exposed to a rainfall exceeding 3m/year. Serious slope stability problems are experienced at the mine, despite using overall pit slopes of 20¦-29¦, the latter resulting in a stripping ratio of 4:1. This paper outlines a computer based back analysis of a major slope failure involving some 250,000 m' of material which occurred on the west wall of the pit in February, 1984. The findings from the analysis, together with other information, are used to examine the stability of the east wall of the pit, where tension cracks developed later. The results indicate that the large influx of water was the most significant cause of such slope stability problems and a more intensified water management programme would be beneficial.

Jan 1, 1989

By Bluhm S. J, Feio L, Ramsden R

A new mining area at the Vaal Reefs gold mine is to have a shaft. system which will extend to a depth of 4 200 m and will require 130 MW of cooling. A novel feature of the proposed cooling system is a large underground air cooling installation in which an ice slurry is sprayed into the ventilation air. The design of the ice slurry bulk air cooler, in the form of counter.flow cooling towers, is discussed. Comparative thermal tests with cold water and ice slurries (with ice mass fractions up to 22 per cent), were carried out in a 5 m high test tower. The presence of the ice in the water spray increases the resistance to heat flow and reduces the overall thermal characteristics of the air cooler by 8 per cent. Notwithstanding this, the use of ice slurries is indeed beneficial in terms of overall costs. It is concluded that a 25 MW air cooler should use 410 kg/s of ice slurry with a 10 per cent ice mass fraction to cool 550 kg/s of air which is 75 per cent of the total air flow rate.

Jan 1, 1988

By C Quirion

Agnico-Eagle Mines Limited, Laronde Division, operates the deepest single-lift shaft in the western hemisphere. The initial Penna hoisting plant was designed for a production rate of 1800 tonnes per day (t/d) from a 2240 m deep shaft. Exploration success, while sinking the shaft, led to a decision in 1998 to increase the production rate to 4500 t/d of ore from a loading depth of 2200 m. The new production rate was achieved by increasing the size of the rope and reducing the rope static factor from the existing 5.0 required by regulation to a static factor using the formula 25 000/(4000 + L) contained in a draft document that would eventually become SABS 0294 in South Africa. The formula permits Laronde to use a static factor as low as 4.0. The upgraded Penna hoisting system is the first hoisting plant outside of South Africa to meet the South African requirements. This paper describes the conversion of the hoisting plant to the lower rope selection factor in the year 2000 and the operating and maintenance issues experienced since then.

Jan 1, 2005

The planned extraction of deeper copper ore at Isa Mine has necessitated a review of existing equipment and methods to contain costs and improve working conditions. Mining is in progress for a crushing-conveying system to serve the deeper southern areas of the 1100 Orebody. This system will permit direct tipping of ore to the crushers and conveying of the crushed ore by cable belt conveyor to existing shaft loading facilities, a distance of about 2 km. To develop part of the conveyor drive a new machine will be used, the Robbins MM120 Mobile Miner, a joint development project between The Robbins Company and Mount Isa Mines Limited. The Mobile Miner uses a rotating cutting wheel to excavate headings 3.7 m high and from 4.7 m to 7.5 m wide. To ventilate the deep crusher complexes and associated development at high virgin rock temperatures, a refrigeration plant will be built on surface to reticulate chilled water underground. Bulk cooling of air to the 3000/3500 Orebodies and the southern crushers will be combined with the reticulation of chilled service water to the lower workings of the mine.

Jan 1, 1984

By Kametani H

Since pyrite is a semiconductor, the relationship between the leaching rate and the semiconducting properties is of interest. In order to investigate this relationship, a pyrite concentrate (95% FeS2) was oxidized at 90¦C (363 K) in an acid solution containing 100 g/dm3 H2SO4 and 1.0 to 25.1 g/dm3 total Fe. The suspension potential (Pt vs. SCE) was maintained at the desired values, within the range 0.40 to 0.70 V, by controlled additions of a KMn04 solution during leaching. The results were analyzed using a simplified kinetic expression. The rate constant was independent of the Fe concentration, while it increased with suspension potential. Partly oxidized samples were then prepared at varying fractions of reaction. After removing the elemental sulphur formed, they underwent thermoelectric power measurements using a packed bed lying in a temperature gradient. The value of thermo- electric power increased from about 0 to 30 pV/K in the early stages of oxidation. The results obtained are compared with those for chalco- pyrite reported in a previous paper.

Jan 1, 1987

By Kitzinger F

The economic climate of the Canadian mining industry forced an increased interest in rapid, continuous excavation techniques for hard rock formations. The potential applications and advantages of continuous mining over the present drill- blast-muck labour intensive cyclical methods are considerable. Noranda investigated an electrical technique, Plasma Blasting showing considerable promise for mining hard rock. The background of the technology and the theory of blasting rock with electricity is described. The Plasma Blasting process is based on the fast discharge of stored electrical energy into a small amount of electrolyte, suitably located in the rock. The electrical energy converts the electrolyte into high pressure plasma, which expands very quickly, thereby, generating a shock wave. This shock wave produces a stress field inside the rock, resulting in a blast similar to that made by chemical explosives, but without the deleterious fumes. Noranda is currently blasting boulders of 4-5 tonnes and is at present constructing a mobile, autonomous secondary rock breaker for underground and open pit applications. Tests on in situ hard rock formations will lead to the development of a continuous mining machine. Production rates of 500 tonnes per man-shift could be obtained with such a machine.

Jan 1, 1990

By J Leppinen, B Johanson, R Kalapudas, G McMahon

The Suurikuusikko gold deposit was discovered in 1987 in western Finnish Lapland, 54 km NNE from the town centre of KittilS in the volcanic belt of Central Lapland. It is hosted by tholeiitic basalts in a graphite-bearing albitite breccia. The ore is located in subvertical shear zones characterised by strong albitisation, carbonatisation and sulfidisation. The ore minerals consist of arsenopyrite, pyrite, chalcopyrite, sphalerite, tetrahedrite, bournonite and rutile. Small amounts of pyrrhotite, gersdorffite, jamesonite, bornite, gudmundite, tetrahedrite, stibnite, kermesite, berthierite and native Sb are also present. Gold occurs as invisible and as 1 - 2 ¦m size inclusions in arsenopyrite and pyrite, on their grain boundaries and in fractures. The average amount of gold leached by cyanide is 2.93 per cent. The æinvisibleÆ gold contents were studied in pyrite and arsenopyrite by electron microprobe analysis (EPMA) and secondary ion mass spectrometry (SIMS) at CANMET/ MTL. Gold element distribution images show zoned patterns both in pyrite and arsenopyrite. SIMS analyses range from 343 to 55 ppm Au in arsenopyrite and from 217 ppm down to 0.32 ppm (detection limit 478 ppb) Au in pyrite. EPMA results range from 939 to below the detection limit 24 ppm Au in arsenopyrite and from 267 ppm to below 22 ppm Au in pyrite. Recovery of the refractory gold ore was studied using grinding, flotation, bio-oxidation and cyanidation tests. A sulfide bulk concentrate containing 40 ppm Au was obtained by flotation at 90 per cent recovery (As content 5.5 per cent, S content 22 per cent, and mass recovery 15 per cent). The grinding fineness in flotation was P80 -100 to 120 ¦m. At the original fineness the cyanidation recovery from the concentrate was lower than ten per cent, after ultra-fine grinding P80 -10 to 2 ¦m the Au recovery was less than 17 per cent. After bio- oxidation, Au recovery of 95 per cent was obtained in carbon-in-leach (CIL). The bio-oxidation time was two weeks in laboratory test, but after regrinding the oxidation rate was faster and recovery of Au higher. However, the selected method for the mining to be started in summer 2008 is open pit mining and mineral processing methods sulfide flotation and pressure oxidation in an autoclave. The ore reserves were estimated 31 December 2007 as: Probable 18.2 Mt with 5.1 g/t Au, Indicated 5.4 Mt with 3.0 g/t Au and Inferred 10.8 Mt with 3.4 g/t Au. The production capacity will be 3000 t/day.

Jan 1, 2008

The incidence of colliery disasters has highlighted the need for more centralised and directed coal mining safety research in Queensland, with particular impetus from explosions at Box Flat in 1972, Kianga in 1975 and Moura No 4 in 1986. Inquiries which identified the likely causes recommended measures and, research and two outcomes have been the present Mines Safety Research Advisory Committee and The Safety in Mines Testing and Research Station at Redbank, near Brisbane, dealing with all mining problems, coal and metalliferous. Already, important research into ignition and explosion and other health and safety matters has been accomplished; the Station has become an accredited testing laboratory; and international recognition has been achieved. Now the advisory, testing and research arms are soundly in place to pursue preventive investigations and be ready to provide assistance in any emergencies.

Jan 1, 1991

By B Dunstan, F Wirfiyata

PT Newmont Nusa Tenggara (PTNNT) operates the Batu Hijau copper and gold mine and process plant on the island of Sumbawa, Nusa Tenggara (Barat)  NTB, Indonesia. The plant consists of a nominal capacity 120 000 t/d conventional semi-autogenous ball milling crushing (SABC) circuit followed by sulfide flotation to produce a bulk copper concentrate for sale. Process control is effected by a plant wide distributed control system that overlays an extensive integrated programable logic controller (PLC) framework. The system is enhanced by a supervisory expert control system.Since plant commissioning in September 1999, over US$4 million has been expended as part of a systematic continuous improvement approach to optimise plant control performance. Works completed to date include: redesign and upgrade of architecture of the control system to ensure long-term system reliability, security and upgradeability and to provide a suitable platform for advanced control; integration of supervisory and advanced control tools, techniques and instrumentation; and implementation of sound network communication and plant data reporting tools. This paper outlines the evolution of process control and associated systems and tools that contribute to successful operation and ongoing performance optimisation at Batu Hijau.

Jan 1, 2009

By Mitchell I, Gelfi P, Dunne R, Pyper R

Dump leaching at Teller in its present form began in the fourth quarter of 1988 as an adjunct to milling operations. Initial plans called for a dedicated dump leach facility capable of processing ore at an annual rate of 2.0 million tonnes. Construction of a dump leach pad, collection and process ponds, carbon adsorption system, elution plant as well as reagent addition and ancillary facilities was initiated in mid-1988. During the course of construction, additional reserves were proven. As a result, design throughput was increased to 4.0 Mtpa. Leach pad capacity and solution supply systems were upgraded to handle the larger throughput. However, the carbon adsorption/elution facilities were not upgraded due to space limitations. During 1990 it was decided to expand the dump leach operation to 6.0 Mtpa. Construction of a second leach pad was required which was initiated in early-1991. Plans were again upgraded prior to completion to a target annual throughput of 10.0 million tonnes was. A further two leach pads have been constructed. The first of these being completed during the latter part of 1992. Construction of the latest and largest pad commenced early in 1994.

Jan 1, 1994

By Ghose AK

Design and selection of support systems for longwall faces call for in-depth know- ledge of strata mechanics and in particular of strata-support interactions. The paper presents the results of field investigations and analysis of a difficult-to-cave roof using powered supports under a massive dolerite sill in Central India using a state- of-the-art datalogger system. The mechanised long wall face was equipped with 4/680 tons chockshields operated on the IFS mode using a 300 KW DERD shearer. The datalogger system was capable of storing data simulta- neously in 32 channels. The paper describes the monitoring system and the monitoring programme. The system provided useful information on support behaviour, build- up of leg pressures and face convergence during an intense dynamic periodic weighting phenomenon which destroyed the integrity of almost half of the face supports. At this point, the face had advanced by about 197 metres from the barrier. The paper outlines a post-mortem analysis of this dynamic event and provides a critical evaluation of the data collected for understanding strata support interaction and the behaviour of the massive sill in the overburden.

Jan 1, 1992

By A B. Christie, R Barker

Recent studies carried out to support the development of a strategy for the New Zealand mineral industry by the NZ Minerals Industry Association have included investigations of mineral potential, and the development of scenarios for realising this countryÆs mineral potential by 2010. New economic research is applying a general equilibrium model to quantify the opportunity cost of this potential. The model analyses separately four categories of land (private land and three categories of Crown land) and identifies four distinct mineral classes û precious metals, industrial minerals, coal and aggregate. It investigates the economic effect of the increased availability of mineral resources on the mining industry itself, on other industry sectors and on the NZ economy generally, including its impact on unemployment, GDP and household welfare.The analyses suggest that increases in the level of GDP of between 1.9 per cent and 3.4 per cent may be obtained by utilising New ZealandÆs mineral wealth to varying degrees. The mineral industry sectors are significant beneficiaries under all scenarios; mineral output increases by between two and five times its current level. However, the flow-on effects to the rest of the economy, and to households, are also significant. The analyses show that household income, adjusted for changes in consumer prices, can be expected to increase by between 1.6 per cent and 2.7 per cent. This results largely from increased employment.

Jan 1, 2002

By Dinuzzo P, Wychie J, Desoe C

The Selwyn Gold-Copper Mine is located 150 km southeast of Mount Isa within Proterozoic units of the Mount Isa inlier (Figure 1). Mineralization in the mine area is associated with strongly sheared ironstones and iron rich schists at the base of the mid- Proterozoic Staveley Formation. The ironstone horizons outcrop as a series of dominant ridges over a 10 km strike. Economic gold-copper mineralization has been defined in 4 separate zones within a 3.5 km length of the outcropping ridges. A current combined geological resource for the deposits is 5.3 million tonnes of 5.0 g/t Au and 2.02 Cu. Weathering of the deposits has resulted in a pronounced vertical zonation of mineralogy, especially copper, within the ore zones. This has produced 3 separate ore types which require different treatment techniques. The categorization is based on copper content and zones are termed leached (surface), oxide and sulfide. Ore removed from the pits will be mainly leached and oxidized with minor sulfide near the pits final depths, while the underground ore will be from the sulfide zone with minor oxide in some areas.

Jan 1, 1989

By Smith J. W, Wilkins R. W T

This paper is a preliminary report of research on the Mount Morgan gold-copper deposit being done at the Division of Mineralogy, CSIRO. Fluid inclusion and sulphur isotope measurements were made on a suite of 11 samples collected by the staff of Geopeko Ltd. This suite contained representatives of the main ore and rock types of the deposit. Homogenization temperatures of fluid inclusions measured on quartz from 8 of the 11 samples, ranged from 172¦C to 276¦C and to this must be added a pressure correction (in this case, up to 50¦C) to obtain the formation temperature of the mineral. Sulphur isotope measurements were made on 34 sulphides from 8 of the 11 samples. The 6S values form a well defined group ranging from -0.5%oto +3.6%owith a mean of +2.4%c. Although the preliminary data do not indicate unequivocally the origin of the deposit they do impose restraints on the wide ranging suggestions that have been put forward. This work is complementary to the paper of Dr G. Gibbons who has described other mineralogical aspects of the Mount Morgan deposit, based on a more extensive suite of Samples.

Jan 1, 1974

By S MacKinnon, J Kok

Potential areas for improvement in flotation performance were identified during JKTech model development surveys in October 2003. Subsequent implementation of the JKTech recommendations in consultation with flotation cell manufacturer Outokumpu have resulted in gold flotation recovery increases of more than four per cent over a two-year period. One of these recommendations was the installation of High Shear Stators in the Cleaner and Recleaner flotation cells. The High Shear Stator installation project was justified based on simulations completed using JKSimFloat. Bubble size measurements completed before and after installation of High Shear Stators showed a reduction in mean bubble size of approximately 50 per cent in the Cleaner cells. Both Cleaner and Recleaner banks showed a significant narrowing of the bubble size distributions following the installation. Plant gold recovery increase resulting from the installation of High Shear Stators was 1.1 per cent, with a 1.9 per cent increase in flotation gold recovery and 5.4 per cent increase in flotation sulfur recovery. Based on the 1.1 per cent recovery increase and total project cost of less than $200 000, the High Shear Stator Project NPV was $8 200 000 with a 0.25 year payback period.

Jan 1, 2006