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By Seshold P

The cost of capital is the rate at which a project's cash flow should be discounted to obtain the Net Present Value. The cost of capital is a weighted average of both debt and equity funds of a company, on an after tax basis. Two methods are described for calculating a company's cost of equity, the Dividend Valu- ation Model and, more importantly, the Capital Asset Pricing Model. A worked example is presented where the cost of capital was obtain- ed for two resource companies. The application of the cost of capital was illustrated by way of a mining equipment replacement problem. The paper outlines refinements and problems that may be encountered with the use of the cost of capital, and concludes that it is an integral part of any project evaluation.

Jan 1, 1983

With increasing depth of mining, geotech nical factors assume increasing importance in the design and operation of open pit coal mines. Dragline strip mines are particularly sensitive to stability conditions since the draoline is a relatively inflexible machine, particularly in relation to its limited dump- ing radius for overburden disposal. Geotechnical factors relevant to strip mine design include: 1. spoil pile stability 2. wall stability 3. floor stability 4. excavation characteristics 5. groundwater conditions A basic geotechnical investigation pro- gram for new mine feasibility studies is described. This includes: 1. terrain evaluation 2. geotechnical drilling and logging 3. geophysical logging 4. materials testing 5. seismic refraction traversing 6. groundwater studies Such a program will give an overall geotech- nical assessment of the site and highlight any areas which may require further, more detailed Investigations

Jan 1, 1981

By Westcott PC

The development of a coal project must pass through a number of phases, taking it from a preliminary evaluation through to detailed mine planning. For each phase the cost of data acquisition and associated mining studies increases exponentially for linear improvement in confidence levels. Within each mine planning phase there are four main activities. These are the economic ordering of reserves, the development of optimum mining strategies, mine design and scheduling and finally the estimation and analysis of costs. The development of the optimum mining strategy is one of the most critical aspects of a mining evaluation and the application of economic criteria at this stage of the project is vital to the successful generation of an optimised mine design. A recommended method is the concept of Economic Ratio (ER) which expresses the likely cost of mining from a given location in a deposit in terms of the value of the product likely to be recovered. The most economic mining strategy will be to mine areas from low economic ratio to high economic ratio within the constraints of reasonable equipment application. When selecting equipment a particular machine should not be selected solely on comparison with other machines in isolation, but the total application must be analysed. In the final selection the decision should be based on whether or not it has a beneficial effect on overall project economics. The economic assessment must take into account the time value of money, so the real cost can be determined with adequate provision for capital and operating costs over different time spans.

Jan 1, 1983

By H Wright

Black Rock Cave (BRC) is a sublevel cave which was developed in 2018–2020 and has been in production since November 2020. BRC is part of the Mount Isa Mines complex and extracts a leached orebody comprising of high-grade chalcocite ore, situated below the historic Black Rock Open Cut workings. The mine is owned by Mount Isa Mines and operated under contract with PYBAR Mining Services. In 2021 a number of rockfalls occurred throughout the mine and were increasing in frequency. This culminated in a major rockfall on the decline in June 2021, after which the decision was made to withdraw all persons from the mine, initiate rehabilitation and conduct further investigations to deduce a safe method to provide long-term support. The rockfall investigations have shown that the corrosive nature of the highly leached rock mass can consume a split set in less than 18 months. A review of potential corrosion resistant ground support methods concluded that steel split sets have a safe lifespan of six months at BRC, and that all workings must have corrosion resistant support installed prior to exceeding the safe life of the friction bolts. The review recommended the use of 4 m cable bolts as the most suitable method of corrosion resistant support. This new support system, and the requirement to rehabilitate all mine workings within the leached orebody, had an impact to the schedule and an effect on both equipment and manning levels at BRC. Accelerated jumbo rehab allowed access to the production levels within two months of the rockfall. Cable bolting then followed the jumbo bolting in all leached areas. The direct impact has been ten months of reduced production, due to night shift closures of the decline to enable cable bolting. The impact to the mine has been minimised by the small flexible team that enabled the mine plan to change rapidly and often to accommodate the challenging conditions. In less than two months from the rockfall event, production had resumed. Within ten months of concluding that the mine required; full rehabilitation, a new support system and a full re-schedule, normal mining operations had restarted, with pre-event productions rates being achieved.

Mar 29, 2023

The Mine Safety and Inspection Act, 1994 of Western Australia recognises the importance of ground control in underground mining. The recent safety performance of underground mining is summarised in terms of the most common causes of injury and fatal accidents. A review of current ground control practices is presented and the concepts of local and large-scale ground control are introduced. The need for a more systematic approach to ground control is considered to be directly related to requirement to improve safety performance. The new regulations will require that certain geotechnical issues be addressed during the life of a mine. To comply with the regulations it is suggested that a ground control management plan be developed for each mine. The geotechnical issues associated with the ground control management plan are reviewed and hazard recognition aspects discussed.

Jan 1, 1995

By Hiddlestone D. C

Effective exploration, testing and analysis is essential for good process design and optimisation of coal preparation plants. Coal processing relies on the sizing and washability characteristics of the particular coal to define the most cost effective design to meet the market requirements. Flowsheet development and equipment selection is dependent on the natural quality characteristics of the coal, its physical properties and the value of the final product in its market. The methodology of process selection and the key elements in design are discussed. Coal is consumed in two general markets: ò steaming coal - both domestic and export, and ò metallurgical coal. This paper discusses the typical economic analysis required to evaluate the potential for, and cost benefit of, providing the flexibility to switch coals between markets. A case study illustrates the methodology of process selection in a typical high value metallurgical coal.

Jan 1, 1997

The closure of the only professional mining school in New Zealand will mean that the minerals industry will have to explore other options to fill their mining professional positions. Globally mining is not seen as an attractive career option for young people and recruitment into mining courses is at a low level. Yet industry demands ever increasing competencies with respect to technology, environmental issues and legislation. This paper addresses this issue by first discussing the attributes required of graduate mining professionals. It then looks at alternative ways on how these can be met internationally and on the home front.

Jan 1, 1997

This paper looks at the development in management education for engineers at the undergraduate level with particular reference to mining engineers. The management core content of the engineering degree course at Ballarat C.A.E. is described is some Detail.

Jan 1, 1986

This paper looks at the development in management education for engineers at the undergraduate level with particular reference to mining engineers. The management core content of the engineering degree course at Ballarat C.A.E. is described is some Detail.

Jan 1, 1986

By J M. Dwyer, S Williamson

Acceptable post-closure performance of decommissioned mining operations is a critical factor in persuading todayÆs environmentally conscious public that the mining industry will not continue to burden future generations with the legacy of environmental tragedies. Post-closure impacts must be identified and managed through robust engineering design if the post-closure environment is to be environmentally sustainable. To manage potential post-closure risks (environmental, health, safety, social and economic) within acceptable limits, WMC incorporates a risk-based approach to closure planning and engineering design. WMCÆs risk-based closure engineering design process provides a simple methodology for developing robust closure plans û the process æengineers outÆ unacceptable risks and æengineers inÆ a sustainable post-closure environment. Benefits of the risk-based process include stakeholder endorsed closure criteria for an agreed post-closure land-use, focusing of resources on major risks, and a realistic and accurate estimate of the required closure provision. The outcome is an increased likelihood of satisfying the three pillar goals of sustainable development û a financially sound solution that poses a low risk to the environment and future generations.

Jan 1, 2003

IN the course of his employment the Broken Hill Co. the writer has had occasion to use and instruct others in the use of the Shamrock rescue apparatus. This paper deals with the various types of apparatus tested. The common object of the various types of breathing apparatus is to enable the wearer to remain and work for varying periods of time in an atmosphere which is either deficient in oxygen or is poisonous that is, contains carbon monoxide or irritating and irrespirable vapours, such as the smoke from underground fires, sulphur dioxide or ammonia fumes. For any apparatus to be efficient as required in the above paragraph it must fulfil the following conditions;1. Air-tight as regards the passage of the air from the outside to the inside. In atmosphere containing carbon dioxide a slight leak would not render the apparatus useless; but where irritating vapours, such as the smoke from burning oregon and sulphides, are met with, even the slightest leak must be avoided.2. The oxygen supply must be ample, and so supplied that it is not checked by expiration.3. Expiration and inspiration must not be retarded.

Jan 1, 1911

In order to formulate appropriate and useful education and training policies and practices, it is crucial to firstly consider the demographic environment of our workforce-and the direction in which it is (known to be) heading. We can predict with a degree of certainty, that the role and influence of training on the future survivability of organisations will- become increasingly critical. This will be particularly relevant for those industries and organisations which are technologically based. The ad-hoc use of training is and, will no longer be appropriate. Organisations must move toward the on-going use of a dynamic education and training strategy based on an effective staff development programme, which meets the short and medium term needs of the organisation. The Technisearch approach is based on maximizing the efficacy of training and learning. The package provides.a total service to meet clients training needs using educational techniques geared to adult learning. it stresses the importance of ongoing research into industrial adult training and its effectiveness in improving skills and productivity. Current research on roles of supervisors in the Australian workplace and the development of the Supervisory Behaviour Questionnaire. (SBQ) indicates the need for a proper framework within which the objectives of training can be addressed.

Jan 1, 1986

The majority of coke in Australia is made in by-product slot ovens at steelworks in Port Kembla, Newcastle and Whyalla. Most of the coals for these plants come from New South Wales but a regular proportion of Queensland coals may be introduced. The plants and the coals are reviewed in the paper.

Jan 1, 1975

By Van Rensburg C S J

The options that are open to engineers for cooling mines are limited and are primarily dependent upon the thermophysical properties of coolants. These properties are carefully analysed in the context of cooling mines and a comparison is drawn among Ammonia (R717), Monochlorodifluoromethane' (R22), Dichlorodifluoromethane (R12) and Water (R718). From this comparison the extent of Ammonia's superiority as refrigerant is Evident.

Jan 1, 1988

By B Hou

The Eucla Basin in southern Australia is emerging as an important global source of zircon from heavy mineral sands. Understanding the geological evolution of the basin and movement of heavy minerals down peripheral paleovalleys and along paleocoastlines is essential to effectively refine exploration strategies for heavy minerals in the basin. Integration of geoscientific datasets in a Geographic Information System (GIS) environment has proved to be effective in reconstructing depositional environments along the Cenozoic basin margin and in tracing the buried paleorivers that once drained broad areas of the Archean-Paleoproterozoic Yilgarn and Gawler cratons, the dominantly Mesoproterozoic Musgrave and Albany-Fraser Provinces, and the Neoproterozoic-Early Paleozoic Officer Basin. Sea level highstands during the late Middle Eocene (39 - 36 Ma) are associated with formation of the Ooldea coastal barrier complex and the zircon-rich heavy mineral deposits at Jacinth, Ambrosia and Tripitaka. More extensive transgression during the Late Eocene (36 - 34 Ma) built the complex Barton shorelines that host the Cyclone deposit and the extensive ilmenite-dominated occurrences of the Barton West prospect. Multi-generation reworking of the source sands is indicated by the high proportion of deposits that are zircon-rich relative to titanium minerals. The age distribution of zircon grains in heavy mineral concentrates from the Ooldea and Barton barrier systems points to the Musgrave Province as the predominant ultimate zircon source. Paleorivers discharging along the northern basin margin presumably carried a sediment load that was then redistributed by easterly longshore drift to build the extensive coastal sand deposits along the northern and eastern basin margin. The south-eastern extension of these deposits was reworked during Miocene-Pliocene (15 - 2 Ma) times into a series of regressive strandlines that show angular discordance with the Eocene coastlines. This discordance is consistent with evidence for long-wavelength tilting of the Australian continent from Middle Miocene times, as the continent drifted toward a dynamic topographic low induced by convective mantle processes associated with the South East Asia subduction systems. The Dromedary and Gulliver’s deposits probably formed at this time. Ongoing research is focused on the geological features of the basin that influence heavy mineral transport, concentration and preservation, and the processes leading to deposits with high zircon content.

Oct 5, 2011

By G Kuntz, V Wall, B New

The prime aim of the Campbell Mine project was to develop a 3D geological model for the Campbell-Red Lake system to contribute to an exploration model for the region. The base data is composed of over 60 years of geological data covering an area of 16 by 8 km, and from surface down to 1830 m depth. This paper concentrates on the methods used in the GeoSpace system for the processing, integration, display and interpretation of such a large and diverse data set. A block model was developed that recorded the relative frequency of each geological feature within each block. The data input for the block models were based on recoding of the Campbell Mine drilling and channel sample databases into lithological, alteration and structural subsets. The value for each geological characteristic inserted into each block is calculated from all available data that falls within the block. Relative and absolute comparisons of the individual variables provide a targeted outcome from which the blocks are coloured for visual inspection. Different combinations of variable comparisons can be evaluated so that required features are highlighted for interpretation. Blocks are displayed to illuminate the ædominantÆ rock type, according to a formula that may be varied interactively to display the features required by the geologist. This flexibility allows rapid remodelling of lithological distributions, commonly highlighting minor lithological packages not readily visualised in, and interpreted from, drillhole traces alone. The 3D geological model was built from the drillhole datasets and old mine plans utilising standard 3D mining, GIS and database software, with several iterations of plan and sectional interpretation. Near surface bedrock geological interpretations were further constrained by low level aeromagnetic data. The Geospace approach employs an innovative technique for visualisation of the distribution of lithological packages and alteration via block modelling. The method utilises the block model format of data handling as it is considered to be more visible than drilling, flexible enough to incorporate a wide range of data sources, and allows for spatial proximity relationships to be investigated. The method is a simple form of processing large data sets so that results are clearly visible. The calculation is much more rapid than estimation procedures, and does not have any requirement for geostatistical interpretation which is also time consuming. Geospace is not unique to any mine environment software and it is expected to be able to be performed in any system. The proper portrayal of the internal structure of the mineralised body will provide practical input to exploration and mining principally in the areas of resource estimation, exploration vectoring and ore/waste characterisation and may be incorporated with other data to include mine support and mine scheduling.

Jan 1, 2003

By Hill J. R M, McDonald M. M

A prediction technique for support perfor- mance of hydraulic backfill in narrow stopes is applied to two stopes separated vertically by a sill pillar. Predicted stope wall closures and fill pressures compare favorably with field measurements taken over a period of several years at two mines in the Coeur d'Alene dis- trict. Stope wall closure and peak pillar stress can be substantially reduced by improved fill quality within a practicable range of fill and rock properties.

Jan 1, 1973

The paper describes the development leading to the bucket wheel excavator systems now used in the Latrobe Valley and refers in particular to the new S.E.C.V. dredgers Nos. 14 and 15 which will be employed in the Loy Yang open cut. The design concept and operating possibilities of these dredgers are described in detail with reference to the machine characteristics designed for the operating conditions in the Latrobe Valley. The design is compared with units of similar capacity in open cuts of other countries.

Jan 1, 1982

By Morrison J

Considerable confusion is to be found in the methods of estimating mineral reserves. The solution appears to be more cooperation between industry and government to agree upon a classification system with guidelines to overcome the problem of the many variable factors affecting reserves. The classification system proposed by the United States Bureau of Mines and the United States Geological Survey (USBM/USGS) together with the guidelines similar to those suggested by the Australasian Institute of Mining and Metallurgy/Australian Mining Industry Council (AusIMM/AMIC) is recommended for reporting mineral reserves to government.

Jan 1, 1979

Extensive infrastructure construction works were required for the development of the underground and open-cut coal mine at Ulan to a production capacity of 5 million tonnes of steaming coal per annum. The Ulan Mine development project was constructed in a two year period at a cost of $240 million. The infrastructure component included the construction of the mine site building works, civil works and 150km of railway, valued at $105 million. These works were successfully completed under a construction management agreement within two years. The separate elements of the project are described in detail in the paper.

Jan 1, 1983