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By E Topal

Risk and uncertainty are attached to mining projects, and making decisions, hedging, future investment and evaluation of mining projects depend on forecasting the future price. The future technologic developments in mining will be primarily influenced by the future commodity prices. A few approaches, with different confidences are proposed to predict price movement in the future. This research introduces a new comprehensive version of the mean reverting jump diffusion model for natural-resource commodity prices. The novel model proposes that the historical data of mineral commodities have three terms to demonstrate fluctuation of prices: mean reversion component, diffusion component and jump component. The model calculates each term individually to compute the future prices of mineral commodities. Subsequently, in the second section of the paper, the model is implemented for monthly historical data of gold price from January 1968 to May 2008. This research is investigating the relationship between the historical oil price and inflation with the gold price. This is followed by a future estimation of gold price fluctuations up to 2018. The results from the application of this new method are discussed in the context of how they accurately replicate the historical gold price and how they can predict the future gold price.

Jan 1, 2008

The flotation circuit handling Peko ore at Peko Mines N.L. was examined in July 1970 with a view to determining simple changes in circuitry or reagents which could improve the grade and recovery of the final copper concentrates. The investigation included sampling over one shift followed by detailed testing of the samples by sizing-assays, sizing-mineralogy and sizing-liberation. Mass balances were carried out over total streams, the component minerals and the copper contents. Some laboratory work was carried out to assess the effect of salinity on flotation. In order to handle the sizing-mineralogy calculations a computer programme was set up. The raw data were corrected for locking factors, then mineral and elemental distributions cal- culated for each screen fraction and the total sample. Calculated assays from grain counting were compared with chemical assays. Recoveries through the size-ranges re- vealed very rapid flotation of copper minerals at sizes below 350 mesh. This pointed to a possible circuit improvement by desliming rougher tailings ahead of the scavenger stage. A strong correlation was found between water in concentrates and gangue recovery for the subsieve sizes. This pointed to clean water additions to the cleaner circuit as a way to 1 Project Consultant, The Australian Mineral Development Laboratories, Adelaide, South Australia.

Jan 1, 1972

The Australian Mining Industry Council (A.M.I.C.) was established in 1967 as a body to co-ordinate the interests of the mining industry on a nation-wide basis. Its member- ship now embraces the great majority of mining groups in Australia. One of A.M.I.C.'s major continuing functions since its formation has been to work with Governments towards the enactment of more effective and efficient mining legislation. Yet, over the period, the,overall position, if anything has deteriorated. The main reason for this was that because of the rapid succession of what appeared to be quite separate problems during the period there was never sufficient time for Govern- ments to take stock of a situation before it would be changed by a new set of circumstances. By early 1973, the Council was certain that most of the various questions raised were really part of the one overall land use problem and its work in this area thus took a new emphasis from that time. In discussing the Council's involvement with Australian mining legislation over the last six years, the paper helps to clarify the present situation. It then explains a land management system which the Council believes could pro- vide the basis for the type of enlighened

Jan 1, 1974

By Eoffe SW

The wide application of computers in beneficiation plants has resulted in the creation of a number of complex automatic control systems at all stages of ore dressing processes. To create such systems it is necessary to solve complex problems of analysis and calculation. The application of computers to solve these problems demands development of simple and effective methods of investigation and simulation of ore dressing process dynamics because all the known methods are complicated in usage and cannot guarantee the desired accuracy and quality of process control. A new grapho-analytical method of investigation and calculation of ore dressing flow sheet dynamics, worked out by the authors of this paper, is based on proportion method development and is used to construct dynamic characteristics of the investigated processes. It is possible to use the given method for investigating benefication schemes with flotation machines having non-linear static characteristics and circulating loads. The suggested method of investigation of concentration flow sheet dynamics allows us to obtain dynamic characteristics of technological process parameters in both linear and non-linear systems. Moreover, the final result can be obtained without labour consuming analytical calculations by a simple graphical construction based on the static characteristics of the known equipment and processes.

Jan 1, 1993

Erratic, though spatially localised occurrences of gold particles are a common feature of high-nugget gold systems. In many cases, gold is present as isolated or clustered, often coarse particles. The nugget effect is a part consequence of small-scale geologically controlled enrichment, and the inclusion or exclusion of gold particles from samples. Economic zones are generally contained within discrete structurally-controlled ore shoots which are surrounded by, and may include barren to low-grade background material. Problems are often encountered where small sample types (eg drill core and channel samples) of a few kilograms mass understate in situ grade by up to a few orders of magnitude, due to their general inability to represent the true gold particle distribution. This leads to uncertainty in mineral resource estimates. This contribution presents case studies where geologically-based parameters have been collected from drill core and underground faces to support grade determination. These parameters - or proxies - are based on mineralogical and/or geochemical (eg specific elemental ratios, fluid inclusion compositions and elemental correlations) criteria. Such criteria can be correlated with different grade domains to provide an indication of true grade within a geologically-controlled context. Proxies have recently been used to support resource estimates reported in accordance with the JORC Code.

Mar 1, 2010

By R Grogan

The Ungay-Malabago polymetallic deposit, currently owned by Lafayette Mining, is located on the eastern end of the island of Rapu-Rapu which lies east of the city of Legazpi in the Philippines. The island is sparsely populated and has largely been deforested by extensive logging some 30-40 years ago.The deposit is situated on a plateau some 200 m asl and lies about one kilometre inland from the coast. The site topography is difficult with minimal flat areas for plant facilities. The region around Legazpi is subject to volcanic activity and though the island is not affected it is in a seismic zone. There is no other mining or other industrial activity on the island, the local inhabitants being engaged in subsistence farming and fishing. These activities place a high level of responsibility on the mine operator with regard to the environment and the provision of employment and training to the local inhabitants. Although no previous mining was carried out at Ungay, shallow pit mining for high-grade direct smeltable copper ore has occurred during the mid-1900s in an area, known as Hixbar, some 2 km west of the deposit This area is currently being explored by Lafayette.

Jan 1, 2002

Experimentation with new methods, materials and machines to improve primary drilling and blasting is a continuing practice in the hard rock quarry operations of the BMI Group. These experiments will continue in the remote hope that one day we may produce a perfect feed for the primary crusher. As this day is still a long way off, the necessity to break oversize boulders will be a problem to be faced for the foreseeable future. To gauge the efficiency of primary blasting from this point of view, BMI monitor the tonnes of material crushed in the primary crusher for each boulder requiring secondary breaking. Over a period of about 10 years, this figure has improved from 30 tonnes througi the primary crusher per boulder, to 100 tonnes per boulder at our largest operation, which produces in excess of 2 million tonnes per year. Evan with this improvement, 25,000 boulders require secondary breaking each year This paper does not provide the solution to this problem, as like primary blasting, it will have to be constantly reviewed as new products and techniques become available. The paper sets out all of the methods tested or considered for test by BMI and our nnnn1iicinnq nn Chair PffPr.tivPness . Economic

Jan 1, 1978

The experiments described in this paper were carried out as a preliminary to a comprehensive study of the factors which affect the behaviour of lead during and subsequent to deformation by rolling and pressing. These observations are therefore to be considered as introductory to a further paper dealing more specifically with the above-mentioned variables.EXPERIMENTALThe rolling was carried out in a small mill with six-inch diameter surface ground rolls, both of which were electrically driven at 15 r.p.m. The average draft per pass approximated 0·03 in. The pressing was performed between platens in the compression unit of a 30-ton Amsler machine. The flat faces used had a ground finish comparable with the surface of the rolls. All hardness measurements were made with a Herbert "dead load" Brinell machine. The following te'sting conditions were maintained: ball diameter-5 mm.; load-10 kgms.; duration of loading-30 seconds; temperature of testing-16 to 18°C. The hardness values which are given are the mean of two or more impressions made at corresponding positions on the test specimens.PREVIOUS WORKSince the researches of Tresca (1):j: into the nature of the plastic flow of metals during various forging and extrusion...

Jan 1, 1939

By P Elliott, D Pershke

In a minerals processing context, sustainability is about using natural resources more efficiently to achieve maximum economic benefits with minimal environmental impacts. It embodies five overarching themes, which the paper will illustrate with practical examples from Australian minerals processing plants. These are:resource utilisation and materials efficiency,process waste reduction and enhancement of co-product values,reduction of water use and impacts,reduction of energy requirements and greenhouse gas emissions, andenhanced control of minor elements and toxic materials. Sustainability could be embedded profitably in minerals plant design in three dimensions: 1.technology,2.design, and3.operations. This presentation discusses a set of principles that could be applied to minerals processing technologies and provides an outline of sustainability assessment and opportunities evaluation tools. The application of the tools is illustrated through a case study by analysing a suite of nickel processing technology routes. The analysis reveals that current generation of nickel processing technologies do possess real potential to emerge as sustainability champions in integrated processing of nickel ores and concentrates, if they are designed, engineered, and operated for sustainability and adapted effectively to site specific constraints and opportunities. The paper will address data gaps and uncertainties regarding the impact of scaling up of pilot-plant performance, and provides strategies to overcome them.

Jan 1, 2006

By A Campbell

Trials of different tapping operations at Olympic Dam have been carried out with the aim of improving the safety of tapping and improving the integrity and lifetime of the taphole. This has involved trialling the use of a mudgun and drill on one of the tapholes of the electric furnace in place of the normal manual tapping procedures. The blister copper tapholes are currently closed using a conical clay plug formed around a steel bar. The plug is pushed into the taphole by hand to stop the flow, and the cooling on the outer part of the taphole freezes the blister copper in the tapping channel. The hole is burnt open using consumable oxygen lances. This puts the furnace technicians in close proximity to molten metal and heat û which is reflected in the safety incidents reported by these operators. By moving to a mudgun and drill operation, the furnace technicians will be moved away from the taphole area improving their safety. Additional benefits include: improved tapping cycles; extended taphole refractory lifecycles; and improved furnace integrity around the taphole, hopefully extending the campaign. This paper outlines the trials that have shown that it is possible to plug and drill blister copper (not matte) tapholes using a mudgun and drill.

Jan 1, 2005

By J Rostami, D Tadic

While hard rock tunnel boring machines (TBMs) have an established track record in the tunnelling industry, accurate estimation of TBM performance for each specific project remains critical. Machine performance prediction is required to assist planning activities, including costing and schedule preparation, machine specification and effective planning of maintenance and repairs. In addition, monitoring machine performance during the construction period is required to assess and manage excavation progress, and to achieve optimal advance rates based on specific geotechnical conditions exposed during excavation. TBM performance analysis can also contribute to the development of more accurate performance prediction models for future applications. Rock mass characteristics play a dominant role in machine performance. This paper offers a review of the impact of rock mass characteristics on TBM penetration rates for two specific tunnelling projects. A discussion is provided on the results of statistical analysis of available field data, including geological back mapping, rock properties and measured rates of penetration (ROP). The analysis offers a comparison of the achieved and predicted ROPs to provide a better understanding of the influence of rock mass properties on the performance of hard rock TBMs. A new rock mass adjustment factor is introduced to enhance the accuracy of an existing prognosis model for use in jointed rock masses.

Jan 1, 2008

By Henderson J

Iron ore samples selected from the Deepdale, Iron Prince and Mt. Newman ore bodies have been pelletised on a pilot scale plant and subsequently reduced under laboratory conditions by hydrogen or carbon monoxide. Pellets approximately 1 cm in diameter have been reduced by hydrogen over the temperature range 5000- 900¦C and the results examined by thermogravimetric, microscopic, electron probe and x-ray techniques. After an initial time delay it was found that up to 95% reduction the rate of reduction could be described by a transport con- trolled porous model, in which the effective diffusivities of hydrogen in theòpr¦duct layer and the reaction zone are filar. Independent measurements of effective diffusivity supported the values obtained from the reduction data. ve 95% reduction the rate decreased markedly due to the formation_of retained wustite or fayalite. Comparison with reduction by carbon monoxide over the temperature range 7500 - 900¦C showed that the rate eduction by carbon monoxide was approximately five times slower than the rate by hydrogen. The rate of reduction was found to be a function of the properties of the pellets, which may account for the ely conflicting results that have been obtained in previous investigation on porous pellets.

Jan 1, 1970

By B Mil, D P. Adhikary, M S. Craig, P Rutzou

As shallow coal reserves with easier mining conditions are exhausted, future deep coal mining with difficult mining conditions may face significant economic, technical and environmental challenges. Moreover, due to increased coal production capacity with the new generation longwall systems, predicting adverse mining conditions has become more important than ever before. The potential impact of these difficult conditions is an increase in mining risks and costs. Reliable prediction of rock mass deformation, mine stability and mine water inflow is not only essential for improving mine safety and reduction of coal production costs, but it is also important for the assessment and management of the environmental impact of mining. This paper briefly describes an integrated approach to mine groundwater simulation and prediction. Central to this integrated approach is a three-dimensional computer code called COSFLOW, developed by CSIRO of Australia in collaboration with NEDO and JCOAL of Japan to address the pressing issues of mine water management. COSFLOW incorporates unique features that make it ideal for the simulation of coal mining and examining the interaction between rock fracture, aquifer interference and water flow. This paper also presents an example of an application of the integrated approach and COSFLOW in water inflow prediction at Springvale Mine in New South Wales.

Jan 1, 2006

By Sparrow GJ, Woodcock JT

A sample of pyrrhotite flotation concentrate pulp assaying 15.3 g/t An, which had been prepared from an old tailing dump, was treated to extract the gold. Examination of the concentrate with an SEM showed that exposed or free native gold, 5-40 ¦m in diameter, was present but no locked gold was observed. Direct cyanidation of the concentrate to extract the gold showed that the flotation reagents present inhibited gold extraction. A range of pre-treatments was used to overcome these effects.Direct cyanidation for 48 h extracted only 26% of the gold, indicating possible contamination of the gold in the concentrate with flotation reagents. Pre-treatment of the concentrate pulp by aeration for 24 h, or by 72 h aeration with an addition of 3.65 kg/t of sodium sulphite, gave little improvement in gold extraction by subsequent cyanidation. Pre-treatment by filtration, or by aeration with 12.5 L/t 100 volume hydrogen peroxide, followed by cyanidation for 48 h gave gold extractions in the range 67-77%. Combining filtration and an aeration period with hydrogen peroxide addition raised the subsequent cyanidation extraction of gold to 88%, giving a tailing assaying 1.5 g/t Au.

Jan 1, 1990

An underground storage and filling distribution system is presently being established at North Broken Hill Limited in the No.3 Shaft area. This has been necessitat- ed by the dependence of the present filling system on the No.2 Shaft and its imminent closure due to cessation of production. The storage will consist of three tanks excavated in low grade ore, between the No.20 and No.21 levels, at approximately 2700 feet below the surface. The tanks will each have a capacity of 1500 cu yds. Consideration was given for surface storage, although under- ground storage was thought to have greater merits. Two tanks have been excavated, and are in operation. Three or more outlets are installed beneath each tank, with horizontal connections into the No.21 level 'mixing box'. Water decants from the top of the fill in the tanks, and passes into a decant water sump, at the bottom of which is a borehole to the No.21 level. This is then connected to the mixing box and water used as make-up water with the semiwet solids for transport into the existing pipe distribution system. Preliminary results of the system have been satisfactory and it is envisaged that this system will readily cope with the filling demands of the future.

Jan 1, 1973

By G Cormack

By designing comminution circuits for mineral liberation rather than the final recovery process and by using high mass pull gravity recovery, the concept of underground processing has become a reality. Gekko has found that many ores respond favourably to fine crushing with either high pressure grinding rolls or vertical shaft impactors which when combined with the InLine Pressure Jig gravity separator and coarse flotation results in a narrow, low-head, compact processing plant that can be sensibly fitted in existing underground openings. The focus on fine crushing reduces the power requirements of the plant to approximately 5 kWh/t for a capacity of up to 20 t/h run of mine ore feed. The use of water recycle systems places no extra load on the mineÆs normal water handling system. GekkoÆs underground processing plant, the æPythonÆ, has been designed to be towed down the decline or lowered down a shaft and is capable of being installed in sloping, non-linear drives for placement close to the working face. The overall benefit to mining companies of this concept has been estimated to be a significant operating cost-saving, lower cut-off grade and a significantly smaller environmental footprint.

Jan 1, 2008

A co-operative research project, combining Commonwealth Scientific and Industrial Research Organisation (CSIRO) research scientists findings and company iron ore geologists' expertise, resulted in new concepts about the origins, distribution and complexitie of iron ores and their parent rocks (banded iron-formation or BIF) in the Hamersley Iron Province of Western Australia. Understanding these problems was important to the efficiency of exploration, development and ultimate mining of iron ores. This genetic model, based on a detailed mineralogic background, was modified by Mt Newman geologists to obtain a user oriented classification for practical application in the field.The proposed Pilbara Iron Ore Classification (PIOC) gives iron ore geologists a basis from which to understand, identify and record the various mineralogic and physical characteristics of the many genetically different ore types occurring within and between orebodies in the Pilbara. More definitive quality control over ore products can be achieved based on the detailed understanding of ore types which the PIOC allows, compared to current classifications which deal only with the physical nature of ores. Of equal importance, the classification remains sufficiently simple to enable owners, operators and buyers to achieve a basic appreciation of ore type variations.With little modification, it is believed the classification has applications beyond the Pilbara, to iron ore worldwide.

Jan 1, 1984

Commencing early in 1975, Saraji Mine in Central Queensland will product 3.56 million tonnes in the first year and then 4.57 million tonnes annually for the Japanese and European markets. The coal will be mined from a series of pits separated by corridors which will be mined at a later date. Through the corridors flow regional drainage structures and power lines. Relatively easy areas will be mined initially to assist the cash flow and to minimise start-up difficulties. For ease of scheduling it is desirable that pit lengths exceed 3 000m but this will not always be possible. Ramps were designed using 1 200m spacing and 5 per cent gradient as optimum but modified to suit specific conditions. One ramp will be in the end of each pit nearest the ROM hopper and stripping will commence from this end. The advantages so gained are shorter haul distances, immediate access to the coal after stripping and simplification of the excavation of the first ramp. Haul road location was defined by the minimum present value of construction plus operating costs. Road design utilised airfield construction charts because wheel loads were outside the range of available road design manuals. Low load resistance characteristics of

Jan 1, 1974

By Fukuichi K, Matsukawa H, Nakagawa M

The Myojin Tunnel, located on the Shikoku Expressway being constructed by the Japan Highway Public Corporation, is 3,770 m long with a cross sectional area of 80 m2. Kajima Corporation, the contractor for the northern construction section of this tunnel, adopted here its newly developed "mini-bench" method of excavation. The objectives of this method were 1. to be able to perform all tunnelling operations using the whole cross sectional area of the tunnel under any ground conditions, and 2. to be able to vary the length of the mini-bench within the range of 0 to 7 m according to ground conditions. In order to achieve these objectives, original, sophisticated equipment was developed and employed in the work. One of the newly developed machines is a special jumbo, a hydraulic crawler jumbo with five rotary type booms. This machine is capable of accommodating variation in the length of the mini-bench accompanying changes in ground conditions and is equipped with a special mechanism by which the positions of the booms can be controlled by means of hydraulic cylinders. Also developed was a shotcrete robot for use with the mini-bench method which has the control board near the shotcrete nozzle for close control of application.

Jan 1, 1987

The technology of coal preparation, while based on similar processes to those in common useage in the 1950s, has improved significantly over the past 15 years primarily due to advances in process control. This technology at least offers the potential for most coal preparation unit operations to be optimised to a considerable degree. However, to maximise the overall yield of an operation from pit to port, factors often outside of the control of the preparation plant operator have a dominant effect. Specific factors include an in depth knowledge of the feed characteristics of the various sources of coal, the detailed mine scheduling to provide an appropriate blend to the plant, and the interim handling and stockpiling processes between the mine face and the customer.This paper summarises the criteria for optimising the yield for a variety of mining, processing and stockpiling options, based on the principle of operating at constant incremental ash. Pragmatic operating assumptions such as extension of the principle to operating at a constant density for gravity operations will be discussed. A means of optimising the compromise between maintaining specification product ash to the customer and maximising yield by always washing at constant incremental ash, without the benefit of a homogenised feed, will also be Presented.

Jan 1, 1992