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

Jan 1, 1990

By O Salisbury

Ingress of air into the longwall goaf environment needs to be managed appropriately to reduce the risk of creating a spontaneous combustion event. The maingate goaf edge is an area of particular concern in this respect, as air often penetrates for some distance into the goaf along this region inbye of the longwall face. Since the flow rate in this part of the goaf is also quite low, an opportunity exists to disrupt the air pathway by implementing a barrier to the airflow. Previous attempts using plugs made from an assortment of materials have resulted in varying degrees of success. More recently, Narrabri Coal Operations (NCO) has introduced the use of a chemical foam that is mixed with nitrogen to produce a standing barrier with the consistency of shaving cream. The implementation of this practice has consistently proven to be very effective for reducing the oxygen concentration along the maingate goaf edge by systematically retreating the foaming unit with the longwall. This paper presents how the foam is applied in the underground goaf environment to prevent oxygen ingress and uses results from gas monitoring to confirm the foam effectiveness.

Oct 12, 2022

By A E. Petts

Record iron ore prices and a renaissance of infrastructure in the Pilbara have Flinders Mines poised to move from explorer/developer to an iron ore producer. The potential of the company’s Pilbara Iron Ore Project was first highlighted by the announcement of Rio Tinto’s Caliwingina North deposit to the north and the Fortescue Metals group’s Serenity deposit in the southeast. The success of Flinders Mines’ exploration has been based on incorporating landscape studies into an existing geological framework, and using this to understand the iron-rich materials that were emplaced during the Tertiary. The development of the Delta and Eagle deposit resource models highlights this process. There are three main mineralisation styles at the project; detrital iron, channel iron and bedded iron deposits. They have textural and mineralogical similarities with comparative deposits in the region. Gaining an insight into the geological processes unique to detrital iron deposits and more distal channel iron deposits has been important to understanding the geometallurgy of the mineralisation. The model sits comfortably with other regional oregenesis models and allows a contextual framework to be developed around the timing of deposition of the Fe-rich detritus and pisolitic nodules that dominate the deposits. The exploration model also allows Flinders to explore more effectively for bedded iron mineralisation developed prior to, and since the development of the Tertiary weathering landscape.

Jul 11, 2011

By D Morrison, P Goodman

The cycle time between adjacent stopes is critical to achieving the required production rate from 3500 Orebody; one of the Enterprise Mine orebodies. Current Mt Isa cemented fills require a 90-day cure period which had to be cut to 30 days while maintaining the required strength criteria. The Enterprise Mine Feasibility Study recommended that this be achieved by Cemented Slurry Rock Fill (CSRF), but that on-going research into paste fill be continued. The continuation of the research, in conjunction with overseas visits has recommended that the 3500 Orebody be filled with paste fill, with the potential to fill other orebodies. The paste fill will comprise cyclone and thickener dewatered copper tailings to which Portland Cement (PC) is added before vertical borehole delivery and undergound pipeline reticulation to individual stopes. The benefit is not only re-use of copper tailings but also much reduced binder usage.

Jan 1, 1998

By T Blyth, D Holden, N Archibald, S Huffadi

The Morning Star mine is owned by Hill 50 Gold NL. Gold is hosted in quartz-carbonate ¦stibnite ¦molybdenite veins that occur in a series of deformed, altered and metamorphosed mafic volcanics with subordinate sediments and felsic intrusive rocks. The irregular gold distribution and its relationship to structure and alteration intensity makes the definition of stoping limits difficult. Understanding the structural evolution of the orebodies and the contemporaneous and later structures that affect the orebodies has been very useful in this context. This paper reports on a detailed mapping exercise (as part of a more extensive and on-going investigation) and the integration of this mapping with other geological and grade control data in a 3D modelling environment to provide an expanded basis for stope design. Three types of mineralised zones can be discriminated based on the morphology of the veins within. They are:those associated with strongly folded, thick veins (approximately 1 m thick eg 05 orebody); those comprising planar, boudinaged and some folded veins which consolidate to form tabular, steeply dipping bodies (eg 010 orebody); and zones containing the above vein types and thin, highly deformed veins within zones of intensely foliated country rock that result in localised, irregularly distributed high-grade gold zones (eg 02 orebody). The mineralised zones associated with thick folded veins are typically predictable over many tens of vertical metres. The second and third types of ore zone is generally less predictable. Detailed mapping and structural kinematic studies indicate all ore zone types are affected by progressive deformation involving strong strain partitioning. It is interpreted that high strain zones, recognisable by intense foliation development and highly deformed veins, are the latest stage of a progressive deformation which approximates bulk flattening. Structural controls on mineralisation can be defined at two different scales.Regional scale folding has deformed a sequence of mafic volcanics with interlayered sediments and felsic intrusives. Initial geometry of felsic bodies relative to orientation of the primary lithological layering and the bulk shortening direction is interpreted to be critical for initiation and development of strongly dilatant zones within this package of rocks, and Local scale dilation is evidenced by development of several vein sets whose range in orientations and opposed vergence relationships suggest a pre-folding origin comprising both extensional and hybrid shear-extensional types. Continued deformation resulted in folding of these veins with strong strain partitioning. Major vein packages are closely spatially associated with the felsic/mafic contact and an interpreted early structure which appears to have partitioned early dilation. This structure is now obscured by strong deformation but is currently represented by a zone of planar veins.

Jan 1, 2000

By C Haughy, F F. Pitard

Blue Mountain Minerals is a large supplier of calcium carbonate products used by various manufacturers as a major raw material. Very small amounts of free carbon in the rock can have a huge impact in carbon-sensitive applications. The marble in the deposit at Blue Mountain Minerals contains variable amounts of free carbon in the form of trace amounts of the mineral graphite.To make quality improvements, variography was used to measure the impact of non-ideal sampling practices at the Blue Mountain Minerals operations in Columbia, California in the United States. A major investment in correct sampling systems and sampling protocols was implemented over a one-year period. Subsequent variography was used to measure the improvement on the predictability of the graphite content in marble produced by the quarry and as it is processed as an acceptable raw material for extremely carbon-sensitive applications. The improvements of the sampling protocols, control of long-range changes and better knowledge of process cycles are easily noticeable on variograms when they happen to exist. The economic impacts are discussed.CITATION:Haughy, C and Pitard, F F, 2017. Use of variography to measure improvement of sampling practices for the quality control of graphite consistency in marble used for carbon-sensitive applications, in Proceedings Eighth World Conference on Sampling and Blending , pp 255–260 (The Australasian Institute of Mining and Metallurgy: Melbourne).

May 9, 2017

SOME notes on the works of the Electrolytic Refining and Smelting Company of Australia will no doubt be of interest to members of the Institute, more especially as much of the work is new to Australasia. As many of the members who may read this paper have not been in a position to visit works of this kind, and are consequently not thoroughly acquainted with all the operations carried on, the author has taken the liberty, in some cases, to enter into explanation which would otherwise be unnecessary. The works are situated at Port Kembla (New South Wales), about fifty miles south of Sydney, and are approachable both by rail and water. The Government has recently built a low-level jetty upwards of five hundred feet long, and intends installing at an early date an electrically operated portable crane to facilitate the handling of material to and from the boats. This will mean: a considerable reduction in the length of time that boats are laid up at the jetty. There are also under construction two breakwaters, which, when complete, will materially assist shipping operation...

Jan 1, 1910

By D O. Hayba

Metal-rich slurries discharged from excess-enthalpy geothermal wells at Kawerau (NZ) indicate that an efficient ore precipitation mechanism operates in some feedzones. In our conceptual model, which takes into account the relative permeabilities of liquid and gas phases in boiling fluids, a metal-precipitating liquid phase is effectively immobilised along boiling fronts, leading to the formation of highly concentrated ore. Chemical equilibrium and heat/mass transport modelling demonstrate the general applicability of this conceptual model to hydrothermal eruption environments.

Jan 1, 1995

By Ralph B. J, Sadler W. R

Thiobacillus ferrooxidans was shown to catalyse biodegradation of chalcopyrite concentrates. The process was growth associated at normal temperatures (30°C) in dilute acid solution (pH2, H2SO4) in submerged cultures. Approximately 20% of the copper dissolved in 22 days in the presence of T ferrooxidans while less than 0.6% was released when bacteria were absent. In ore column leachates, the iron and sulphur oxidizing species T ferrooxidans, ranged from I04 to I06 cells/ml while exdusively sulphur oxidizing species ranged from I02 to 104 cells/ml. T ferrooxidans predominated below pH 3 while other sulphur oxidizing bacteria favoured higher pH. Organisms were distributed vertically in ore columns according to pH differences, resulting from gradual acid consumption by gangue, during trickle irrigation.There was a sequential development of bacteria in leachates from fresh ore irrigated with water only. High pH sulphur oxidizers were always present, low pH sulphur oxidizers appeared within a week while T ferrooxidans took 50 days to show up. Routine monitoring of bacteria in dump leachates provided a qualitative indication of events in otherwise inaccessible ore bodies.

Jan 1, 1981

By E Rojas, C Pardo

The exploitation of primary ores using cave mining caused new challenges at the El Teniente mine that required changes to a number of conventional cave mining practices. For example, in the 1970s and 1980s, panel caving was introduced to manage certain geotechnical and operational conditions. Today, El Teniente mine is facing new challenges associated with deep cave mining and establishing its New Mine Level (NML) project, which is located 240 m below the Esmeralda operating cave.The engineering and development phases for this new project have been largely based on experience and lessons learned throughout the history of primary ore exploitation at El Teniente mine, particularly knowledge about seismicity control, the management of collapses and operational practices. For example, previous experience demonstrated that seismicity could be managed by preconditioning using large-scale hydraulic fracturing (HF). HF has been systematically applied in the column of ore above the undercut planned for the NML project and below the production or extraction level, where the main ventilation and haulage infrastructure are to be located.This paper discusses how this has been achieved and is based on previous experience of preconditioning using HF, which has been applied in the selection and management of exploitation techniques and associated planning strategies and design parameters for the NML project.CITATION:Pardo, C and Rojas, E, 2016. Selection of exploitation method based on the experience of hydraulic fracture techniques at the El Teniente Mine, in Proceedings Seventh International Conference and Exhibition on Mass Mining (MassMin 2016), pp 97–104 (The Australasian Institute of Mining and Metallurgy: Melbourne).

May 9, 2016

THE ore treated is almost pure copper pyrites (chalcopyrite) in a gangue of quartz and quartz-felsite. Very little free iron sulphide (pyrite) occurs, and at the time of the erection of the flotation plant the stopes in the oxidized zone had been almostentirely depleted. This zone only extends to a shallow depth, and, below the l00-ft. level, the sulphide for the most part is clean and bright but in the crushed and brecciated parts of the ore channel, where surface water has circulated freely, the gangue is decomposed and kaolinized, and the copper sulphide badly tarnished. This class of ore gave considerable trouble at the mill, but unfortunately, was very limited in quantity. A sample of rich ore assayed-Copper, 21.2 %; iron, 24:.3 %; silica, 28.9 %; sulphur, 25.1%.The concentration in the original mill was effected by handpicking, jigging, and tabling. A considerable portion of the copper mineral arrives at the surface in the form of large lumps of very pure quality, eminently suitable for sorting out by hand.The rich ore is tipped over a grizzly at the shaft bins; the oversize hand-picked, and the undersize bagged direct.

Jan 1, 1912

Rhyolitic rocks are volumetrically significant in the eastern part of the Coromandel gold province, yet deposits hosted by rhyolite (Kapowai, Broken Hills, Neavesville, Wharekirauponga and Waihi Beach) are generally low grade and subeconomic, especially compared with andesite-hosted deposits. In contrast, rhyolitic volcanic centres in Nevada host a number of economically significant epithermal gold deposits such as Round Mountain, Sleeper and Bullfrog. The Nevada deposits are associated with 27-20 Ma continental arc volcanics dominated by ignimbrites (eg Round Mountain), or younger 17-9 Ma bimodal rhyolite-basalt volcanism related to extensional basin-and-range tectonics (eg Sleeper). The Round Mountain deposit is localised on a caldera boundary fault and the mineralisation was deposited soon after eruption of the host rhyodacitic ignimbrite. In other Nevada deposits, hydrothermal systems are linked to the closing stages of flow-dome complexes and mineralisation is localised along normal faults associated with extensional basin-and-range tectonism. The style and composition of the mineralisation is similar in both the Coromandel and Nevada deposits and consists of sheeted and stockwork quartz veins, containing electrum as the main ore mineral and only minor sulphides (mainly pyrite) Likewise, the vein minerals were deposited from low salinity hydrothermal fluids in the temperature range of 200-270¦C. Both the Neavesville and Round Mountain deposits are geochemically anomalous in molybdenum. The deep oxidation of the Nevada gold deposits, dry climate and low level of competing land uses combine to make it economic to mine and process very low grade ore (0.2 - 2.0 g/t Au) by heap-leaching with cyanide solutions in most areas of Nevada. Although extensive low grade gold mineralisation is known at deposits such as Wharekirauponga and Neavesville, it is sub-economic because of shallow oxidation and land use conditions that are unfavourable for open pit mining and heap leaching.

Jan 1, 1996

Mining had a very considerable effect on the country's development. The visual evidence remaining is an integral part of New Zealand history. Early mining for manganese and copper in the 1840s was succeeded by alluvial gold rushes. These gave way to hard rock extraction, hydraulic elevation and dredging. Coal mining dating from the 1850s was fairly widespread. Other minerals were obtained on a small scale. Manufacture of mining machinery stimulated industrial engineering enterprises. Schools of mines played a significant part in advancing technical skills and several remain as museums. Surviving mine structures and site relics are part of the industrial heritage signifying the technological and economic development of a small isolated nation. Some of these are described. Identification, recording and preservation where practicable is advocated.

Jan 1, 1990

Mining had a very considerable effect on the country's development. The visual evidence remaining is an integral part of New Zealand history. Early mining for manganese and copper in the 1840s was succeeded by alluvial gold rushes. These gave way to hard rock extraction, hydraulic elevation and dredging. Coal mining dating from the 1850s was fairly widespread. Other minerals were obtained on a small scale. Manufacture of mining' machinery stimulated industrial engineering enterprises. Schools of mines played a significant part in advancing technical skills and several remain as museums. Surviving mine structures and site relics are part of the industrial heritage signifying the technological and economic development of a small isolated nation. Some of these are described. Identification, recording and preservation where practicable is advocated.

Jan 1, 1990

The whole of the iron ore required by the Broken Hill Proprietary Company Limited at the Newcastle Steel Works, and Australian Iron and Steel Limited, at Hoskins' Kembla Works, is drawn from the Iron Knob, Iron Monarch, Iron Prince and Iron Baron deposits situated in the northern part of Eyre's Peninsula, South Australia.The Iron Knob and Iron Monarch deposits are near the township of Iron Knob, approximately 42 miles W.S.W. of Port Augusta, whilst the Iron Prince and Iron Baron deposits are some 18 miles due south from Iron Knob, in another group of leases, the adjacent township being known as Iron Baron.The ore mined at Iron Knob, Iron Monarch, Iron Prince and Iron Baron is conveyed on the Company's 3ft. 6-in. gauge tramway to Whyalla, on the western side of Spencer's Gulf, approximately 45 miles south by west of Port Augusta whence it is shipped to Newcastle and Port Kembla.SHORT HISTORY.The establishment in South Australia of the lead smelting industry at Port Pirie, Dry Creek and Port Adelaide in the...

Jan 1, 1937

The seams of black coal occurring in Victoria are so disturbed by faulting, wash-outs, thinning, etc., that it is necessary, for the prevention of costly errors in development, that close boring be undertaken so that the correct positions of the shafts, tunnels, main and auxiliary roadways can be set out in order that the area can be economically worked. The State Coal Mine has two boring plants continuously at work, which have given good service for the last twenty-five years.The information supplied herein is merely our experience in boring at the State Coal Mine over an extended period. The type of plant in use is that known as the Victoria Drilling Plant, equipped with an 11 h.p. portable oil engine, using power kerosene as fuel. It was purchased in 1914, complete with mechanism for cable drilling, capable of boring to a depth of 1500 ft. with a guarantee of 1000 ft., with Calyx cutters, boring rods and all necessary equipment for the sum of £1473. The chief mechanical features of the plant are as follows:-The derrick is in the shape of a tripod (see Fig. 1), two of the legs being of steel channel built together to form a frame which, when lowered on to two sets of road wheels, forms a carriage for the transport of a portion of the boring equipment. The third leg is made of oregon in the form of a double bow, with bolts and distance pieces between the wooden sides. The top of this is hinged on to the steel frame, and the bottom is fitted into a cast iron block, having two small wheels to facilitate erection. A rope attached to the cast iron block and to the winch easily...

Jan 1, 1936

Geophysical surveys are currently being carried out over mineral prospects all around the Pacific Rim. Many of these surveys are successful in locating mineralisation in porphyry intrusives, mesothermal environments, and epithermal vein systems. A number of examples of surveys in Indonesia and Papua New Guinea are presented, which show the successful application of various geophysical techniques to the discovery of mineral deposits on the Pacific Rim.

Jan 1, 1999

By S Hapugoda, J Manuel, N Ware, A Dehghan-Manshadi

The effect of titania (TiO2 ) addition on the sintering performance of hematite iron ore has been studied by doping pure TiO2 into a sinter blend. The results of laboratory-scale compact sintering tests confirmed the considerable effect of TiO2 addition on sinter strength and mineralogy. The tumble index measurements confirmed an improvement in the strength of the sinter in response to TiO2 addition. The melting point of the sinter was also affected by increasing the TiO2 content, indicating a possible relationship between coke breeze consumption and TiO2 on industrial-scale sintering of Ti-bearing ores. Analysis of the sintered structures using optical and scanning electron microscopes confirmed a general improvement in the overall pore structure and sinter melt characteristics with the addition of TiO2 to the sinter blend. An important feature of the sinter structure was the formation of a perovskite phase (CaTiO3 ) and an increase in the proportion of this phase in the structure as TiO2 levels increase.CITATION:Dehghan-Manshadi, A, Manuel, J, Hapugoda, S, Ware, N and Donskoi, E, 2015. Effect of titania on the sintering performance of hematite iron ores, in Proceedings Iron Ore 2015, pp 29–34 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Jul 13, 2015

By Parker JB

The Channar Iron Ore Mining Project (the Project) is a joint venture involving the Hamersley Holdings group (Hamersley) and the China Metallurgical Import and Export Corporation (CMIEC). The Project represents the first new iron ore mine development in Australia since 1971/72 and is the first major overseas mining investment by the People's Republic of China (PRC). The Channar mine is being constructed in the Pilbara region of Western Australia and will operate for more than 20 years supplying the PRC with 200 M tonne of high grade iron ore. The Project is configured to take advantage of Hamersley's existing production and support facilities. The Joint Venturers will invest A$280 million to achieve an initial production rate of 3 M tonne/yr and an additional A$120 million over the next 8 years to achieve full capacity of 10 M tonne/yr. Financing the Project to meet the requirements of both Hamersley and CMIEC, with the dependance of the Project on Hamersley's infrastructure, and in a depressed iron ore market, required an innovative financial structure to be arranged in a limited period. This paper describes both the financial structure and its implementation, and draws a number of conclusions regarding the financing of resource projects.

Jan 1, 1989

This paper describes a mobile laboratory developed specifically for nickel prospecting, and which was designed to be operated by sub-professional staff in remote areas independently of established laboratories. An atomic absorption spectrophotometric procedure was used to determine nickel, cobalt, lead, zinc, and copper ID latentIc and sulphIde samples, with a detection limit better than 25 µg/g for all elements. The procedure was applicable to both soil and drill samples and the accuracy of the procedure, which was ±5 per cent relative at the 1,000 µg/g level was sufficient for the preliminary assessment of mineralized samples and the control of drilling operations. The analytical procedure and the means taken to ensure the necessary reproductibility and accuracy are described. One operator can carry out 400 elemental determinations per 8-hr day at an approximate cdst of 6 cents per elemental determination. The results are returned within a single day, a factor which can contribute materially to the efficiency of drilling operations.

Jan 1, 1970