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It's my privilege to welcome you here this afternoon on behalf of the Sydney Branch of the Australasian Institute of Mining and Metallurgy. This is a most important gathering. You, the delegates, represent what is probably the most influential cross-section of the mining investment community and the oil and gas investment community to meet as a group during the last decade. We are meeting today and tomorrow to review two related issues that will have far reaching implications for the effective use of capital by the natural resources sector in the 1990's. The views which will emerge over the two days will almost certainly 'influence the availability of new capital to the companies in the natural resources sector for the decade ahead. The two principal themes of Minval '89 are, first, the valuation of mining and oil and gas assets and securities, and second, disclosure and reporting requirements in the capital markets which relate specifically to natural resources companies. This conference is taking place at a time when further consolidation and rationalisation appears likely within the mining industry. Although the base metals and other sectors of the industry are enjoying profitability not seen since the early 1980's there is caution about committing to new capacity which could bring about a return to the low prices and excess supply which prevailed during much of the last ten years. These conditions have led to increased takeover activity within the mining industry overseas, and similar trends are as evident here in Australia as they are elsewhere. Recognition of value is therefore likely to become more important than ever before in preserving shareholder wealth, for creating new wealth and for preserving the financial health of the resources industry in the future. Valuation therefore is the first theme of the conference.

Jan 1, 1989

By Champigny N, Grimley P. H

To a bank that granted his request for a loan, the late American humorist Robert Benchley responded, `I don't trust a bank that would lend money to such a poor risk'. This quotation is unlikely to be the norm among mining companies that secure project financing. However, a poor appreciation of one of the key risks of a mining project, the reserves, often results in disastrous financial consequences. This conclusion is the subject of the discussion and analyses presented in this paper.

Jan 1, 1994

By Hocking G

For some underground structures, the use of the plane strain assumption in stress analyses may not be justified. The finite element method and photoelasticity have been used to obtain complete 3-D solutions, but, for various reasons, neither method has found universal use. The boundary integral equation method (B.I.E.M.) can be more efficient and economical than the finite element method for 3-D problems involving large volume to surface area ratios. A B.I.E.M. program developed for calculating stresses and deformations in infinite elastic media has been used to determine the 3-D distributions of stress around T- and Y- junctions of circular tunnels in stress fields in which the ratios of horizontal to vertical stress are 0, 0.33, 1.0 and 2.0. For the T- junction considered,stress concentrations at the intersection are approximately twice the plane strain values. Except where horizontal field stresses are high, the stresses in both tunnels approximate the plane strain values at about two tunnel diameters from the point of intersection of the tunnel centre lines. The stresses in the two branches reach those for the corresponding plane strain, two parallel tunnel case two diameters from the point of intersection of thq inner tunnel walls. Very high stress concentra- tions occur in the pillar of rock between the inner tunnel walls near the point of intersection.

Jan 1, 1976

By P Church

What is the best method of splitting a sample from a reverse circulation drill rig? How important is it to obtain a correctly split sample? What is the impact of an incorrectly split sample? These are just a few of many questions asked daily in the mining industry with regard to sampling. Modern sampling theory is well described in the literature in texts and is taught in short courses throughout the world, however little has been published on the relative performance of sample splitting devices used in the field. This paper compares the performance of the Jones tiered riffle splitter with a cone splitter manufactured by SGS Metal Craft in Western Australia. The testwork was carried out at AnglogoldÆs Sunrise Dam Gold Mine, 55 km south of Laverton in Western Australia. Mineralisation at Sunrise Dam is hosted in a structurally complex framework of shear zones with dips that range from steep (70¦) to shallow (25¦). The deposit is characterised by significant amounts of coarse gold, which presents a challenge in sampling, analysis and grade estimation. The three major areas where sampling errors can occur are in drilling, sampling, sample preparation and analysis. Sampling errors attributable to drilling and sample preparation often far outweigh the errors made at other stages in the process, however historically most effort to identify sampling errors has concentrated on the laboratory and analytical procedures. Splitter design and cleanliness can have a large impact on sample collection and preparation. Splitter performance was tested with respect to sample weights, particle size distribution, and gold grade consistency. The aim was to determine if each particle has an equal probability of being sampled, the resulting sample has integrity, and if any segregation problems occurred. The cone splitter was found to provide the best split in terms of particle size distribution, with no apparent size bias. Duplicate samples had more comparable masses than those provided by the riffle splitter. Most importantly, the cone splitter gave less grade variability between duplicate samples than the riffle splitter. Testwork also confirmed that, like the riffle splitter, the cone splitter must be oriented vertically and the design of the rig or cone splitter trailer should accommodate this requirement.

Jan 1, 2003

By T Martin, M Martin

Mining of sulfide-based ore deposits typically creates a potential for release sulfate and acid to groundwater, and many operating mines are thus predicted to require long-term post-closure treatment of groundwater. Toward the goal of selecting an optimal treatment, this paper compares costs of four demonstrated technologies for long-term treatment of sulfate-contaminated groundwater: in situ biological reduction (ISR), in situ permeable reactive barrier (PRB) composed of compost and zero-valent iron (ZVI), and two ex situ æpump-and-treatÆ technologies ù ex situ biological reduction, and ex situ nanofiltration with lime precipitation. Costs for each technology are estimated for treatment of a model aquifer system containing sulfate-contaminated groundwater, with the goal of treating 1 m3/min of groundwater from 1500 mg/L sulfate to a target level of 500 mg/L. (Metal removal is typically achieved by these technologies, and thus excluded from this analysis.) Costs are estimated for each technology as a function of treatment duration (ten to 60 years) and, for PRB and ISR, required replacement frequency (ten to 60 years). Estimated costs include capital and operation and maintenance, using a seven per cent net discount rate. Results indicate that ex situ technologies (biological reduction and nanofiltration with lime precipitation) are the most expensive. In situ technologies may be much less expensive, with PRBs having by far the lowest potential cost, followed by ISR as the next least expensive. However, actual costs for the in situ technologies are very sensitive to poorly constrained parameters, particularly the ZVI content of the PRB, and the effective life of PRB and ISR systems. This large cost uncertainty supports delaying remedial actions where viable, and suggests that feasibility analyses are generally warranted for specific applications to focus on these sources of uncertainty.

Jan 1, 2003

In mid-1998 Atlas Copco Rock Drills AB introduced the first member of a new family of drill rigs. This new family, Rocket Boomer L1C/L2C/L3C, is based on modern computer technology and also on what is characterised as information technology. The design of the drill rigs are modularised both in hardware as in the software. This means that the functionality of the drill rigs is upgradable step by step. Added upon the basic drill rig functions are the new options as ABC Regular (known also as Contour Control), ABC Total, drillplan generator and communication products. The main objectives of these functions are to facilitate real quality drilling.

Jan 1, 2003

By Mitchell G, Clarke C

The high oas emissions which are associated with high production lonowall mining have provided a need to investigate the limitations and reouirements of the various gas control methods. The major relationships between oassiness and various other parameters are presented with computer analysis being adopted to assess the respective correlations. Some of the relationships are studied in detail with emphasis being placed on methods for overcomino the changes in conditions resulting from high production levels. The importance of the various drainage systems which can be adopted to combat high gassiness levels are analysed. Logical and necessary steps are also proposed for gassiness prediction and data monitoring as well as various combinations of gas drainage systems. The gassiness prediction methods which are discussed outline the need for a sound knowledge of the established worldwide methods together with a comprehensive study of the local mining and geological environment in order to develop a system which is adaptable to the changing conditions. This is particularly important in mines where high coal production levels are anticipated and the need for accurate gassiness relationships is essential.

Jan 1, 1988

By Mantsevich M, Ivanov V, Volkov V, Ponomarov G

A new ecologically promising technology for the copper-nickel ore benefication using insert gases and pyrrhotite depression is under consideration. The finely dispersed nickel-containing sulphides and the pyrrhotite are easily oxidised during the process of flotation resulting in deterioration of selectivity and valuable component loss in the tailings. One of the ways to improve the benefication is the flotation of easily-oxidising minerals in an inert atmosphere. In the experiments nitrogen was taken as the inert gas supposing that in the industrial scale operations nitrogen generating, as a by-product of the oxigen production. will be used (Rybas et at, 1989). The most wide-spread mineral in the Norilsk rich sulphide copper-nickel ores is pyrrhotite containing iron, sulphur, nickel and platinum group metals. Up to 30 per cent of the pyrrhotite sulphur is recovered into the nickel concentrate causing the high sulphur dioxide emission in the further pyrometallurgical process of nickel production. This is the reason why the problem of the pyrrhotite removal during the ore concentration should be solved, the critical factor of the problem being the lowest possible nickel content in the pyrrhotite. According to the data of the geological and mineralogical mapping the nickel content in the pyrrhotites of rich ores varies from 0.3 to 1.8 per cent, with the mean value equal to 0.6 - 0.8 per cent. This assures the technological and economical effectiveness of the low-grade pyrrhotite removal during the flotation process.

Jan 1, 1993

By D Craw, J Pope

The Greenland Group, Westland, can be characterised with respect to environmental issues by the application of a GIS database (DAME), and specific sampling campaigns. Waters draining gold mineralised areas have a distinctive chemistry characterised by neutral pH and arsenic as a trace element. The acid neutralising capacity (ANC) from carbonates usually exceeds the maximum potential acidity (MPA) from sulphides resulting in circum-neutral pH. These waters are readily distinguishable from waters draining coal mine related areas, which commonly have low pH (~4) and low As concentrations (~0.1 ppm). In contrast, dissolved arsenic mobilised from Greenland Group historic gold mining areas is up to 2.4 ppm. This As mobilisation is controlled by the secondary As mineral, scorodite (FeAsO2+2H2O). Maximum dissolved As concentrations increase with increasing pH, corresponding to the increasing solubility of scorodite with increasing pH. Dissolved As is attenuated by dilution, precipitation of scorodite, and/or adsorption to iron oxyhydroxide (HFO). Adsorption to HFO is an important attenuation mechanism in and adjacent to many mine sites. HFO is abundant at mine sites where pyrite was abundant in fresh rock, such as where the mineralised zone is dominated by disseminated pyrite. Pyrite, and resulting HFO, are relatively rare where mineralisation occurred as well-defined quartz veins. Localised HFO occurs also where ankerite oxidises in host rocks. Arsenic output flux (ca. 25 g/day) from historic gold mine sites is commonly less than the natural background flux from mineralised rocks (>5000 g/day).

Jan 1, 2006

By G Johnson, G W. Wilson

The settlement and drainage behaviour of co-mix, or mixtures of waste rock and tailings, are examined in a column study. Three co-mix profiles were observed for settlement, drainage, and pore water pressure response. A fourth profile with waste rock and no tailings was also observed for settlement. Co-mix consolidated faster than predictions for tailings alone, and maintained a saturated void space relative to waste rock alone. Practical benefits of co-mix as a waste disposal technology may include faster time to consolidation than tailings, a reduction in total settlement of placed material compared to tailings alone, and a reduction in acid drainage by limiting the flow of water and oxygen through maintenance of a saturated void space.

Jan 1, 2003

There is a difference in design aspects between steel linings and rubber linings for grinding mills. The basic design rules for rub- ber are described as well as the liner designs for different applications.

Jan 1, 1978

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

Economic conditions dictated the lead time from concept to commissioning of the Kambalda C.I.P. Plant. The high gold price prevailing at the time the Victory ore-body was discovered provided the impetus to establish a treatment plant with the utmost haste. Consequently only limited metallurgical testing was possible. Fortunately the Kambalda Metallurgical Department had experienced gold metallurgists among its' staff. This enabled a rapid assessment to be made of the ore types to be treated. Flexibility was the keynote in the plant design. Overseas practice and experience was drawn upon extensively, but it was known that problems uniquE to the Kambalda Plant would be encountered due to the high nickel content of the C.I.P. Plant feed and the difficult clays in some of the areas. These fears were well founded and problems have been experienced. However the plant design has enabled these problems to be absorbed, if not overcome, and design production rates were achieved and maintained within three month; of start-up.

Jan 1, 1982

By C McIntosh, M Carder, P M. J Durance

"An EXTENDED ABSTRACT is available for download. A full-length paper was not prepared for this presentation. Disseminated, gold-bearing sulfide minerals hosted in sheared, wall rock metasediments and clay alteration zones comprise one of the dominant styles of Palaeozoic orogenic gold mineralisation within the Reefton Goldfield, and is exemplified by OceanaGold’s Globe Mine. This study begins the exploration and characterisation of the gold-arsenic-antimony mineralisation hosted within the dominant lithologies of the Globe-Progress shear zone. The main gold-bearing sulfides are pyrite, arsenopyrite and stibnite. Pyrite and arsenopyrite are not compositionally uniform across the Globe-Progress shear zone. Pyrite from the mineralised greywacke and argillite has higher As contents than pyrite in the host rock and pug breccia. Furthermore, the mineralised greywacke and argillite pyrite are enriched in As from core to rim. The 3D models based on bulk assays reveal a significant correlation in the distribution of Au, As and Sb. The interpolant for Sb envelops those for Au and As, which in turn are very similar to each other in their vertical and lateral extents across the shear zone. This result is consistent with earlier findings that the occurrence of stibnite represents a separate and likely later phase of mineralisation relative to that represented by the formation of disseminated pyrite and arsenopyrite both of which exert a stronger control on the distribution of As.CITATION:Durance, P M J, Christie, A B, McIntosh, C and Carder, M, 2015. The composition of disseminated, gold-bearing sulfides within the three-dimensional framework of bulk Au, As and Sb in the Globe-Progress orogenic gold deposit, Reefton Goldfield, New Zealand, in Proceedings PACRIM 2015 Congress, pp 327–334 (The Australasian Institute of Mining and Metallurgy: Melbourne)."

Mar 18, 2015

By Massy-Greene RB

Limited recourse financing techniques reduce the financial exposure of equity holders to major mining projects by transfering some of the risks to the banks which provide loan funds for project development. This can only be achieved by a clear understanding of the principles involved. Engineering and management decisions on how the resource is to be developed and extracted must be made in the light of lender's requirements. The structure of sales contracts, joint venture agreements and many other documents can be important in limited recourse financing. If projections show that the debt can be repaid from project cash flow, loan agreements and other arrangements can restrict lenders ability to look to the equity holders for repayment of project loans.

Jan 1, 1981

By Borkin AD, Yemelyanov MF, Otrozhdennova LA, Malinovskaya ND, Nechay LA, Koltunova TY

The results of investigations of reagent regimes and flotation machines to decrease the losses of valuable components in both coarse and fine particle classes during non-ferrous metal dressing are considered.

Jan 1, 1993

Simple quotation of quantities of coal reserves neglects the relationship between qualities of coals and their efficient use. If exploitation of a deposit is contemplated, its life expectancy can be deduced only if its reserves are estimated according to the coal user's technological standards. A wide range in properties will satisfy a steaming coal, whereas a high vitrinite high rank coal would be preferred for coking and a low inertinite low rank coal for conversion. In competitive trading the buyer's commercial specification may require weighing against the producer's practical ideals, especially when beneficiation is critical. Differentiation of grades in quality of a deposit provides an intelligent understanding of the economic importance of the deposit. The Wongawilli seam of the New South Wales Southern Coalfield exemplifies the effect of quality criteria upon the extent of in situ, recoverable and marketable classes of economic reserves. Effective management of a deposit will result from simultaneous quotation of coal qualities and quantities in a statement of its reserves.

Jan 1, 1979

By K Kellett, A V. Metzner

From its discovery in 1845 ion exchange has continually improved technically to an extent where it is now in wide use commercially in many industries including mining and environmental. Purity Systems Inc. (PSI) has made advances in the development of metals capture materials such that metals recovery using the PSI patented technology is now a viable economic process for many previously rejected applications. PSI, in conjunction with Ammtec Limited, have developed cost effective advanced processes and systems.The presentation will introduce the chemistry behind the materials and its relevance to the chelation and ion exchange methods. The applicability of the PSI resin technology to copper, cobalt and nickel recovery and the engineered systems options available will be discussed as well as piloting at Titan Resources NL Radio Hill mine at Karratha in Western Australia.

Jan 1, 2002

By Jeffery RI, Pollard CA, Fear NJ

The paper describes the detailed hydrogeological studies carried out prior to the sinking of twin shafts at British Coal's new mine at Asfordby, Leicestershire, UK. The test methods for assessing potential groundwater inflows to the shafts are discussed and details are given of the ground freezing scheme employed through the major aquifer zone in the Sherwood Sandstone at a depth of 375 metres. During shaft sinking pressure recovery tests were carried out to further assess potential inflows and the results are compared with those from the surface tests prior to sinking.

Jan 1, 1988

The City of KalgoorlieBoulder is situated approximately 600 kilometres to the east of Perth, and as the major regional centre of the Eastern Goldfields, supporting a population of approximately 25 000. The formation of Kalgoorlie Consolidated Gold Mines in 1989 brought the existing operating entities adjacent to the city under common ownership and management. The Joint Venturers forming the management company are Homestake Gold of Australia and Gold Mines of Kalgoorlie (a Normandy/Poseidon company).This traditional underground mining centre has been worked since 1893, yielding 40.5 million ounces of gold ore with an average head grade of TEN grams per tonne. Historically the heart of the operation has been the famous Golden We located on the Eastern perimeter of the city, in the area known as Fimiston. The other significant operations that form KCGM are the Mt Percy Open Pit and the Mt Charlotte Underground Operation.

Jan 1, 1992