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The valuation of resources companies is open to a huge amount of subjectivity. Not only are valuations subject to fast changing assumptions, such as commodity prices, exchange rates, ore grades, etc., but there is also no common agreement on the methodology to be used. To borrow from Malcolm Fraser, life wasn't meant to be easy for the resource company valuer. I will demonstrate three recent examples of valuations carried out but where the market or actual transactions done show very different results.

Jan 1, 1989

By W F. Bawden, J T. Paynter

This investigation involves laboratory testing and stability analysis of paste fill at the Golden Giant Mine. Site-cast samples are tested in unconfined, confined, and consolidated-undrained triaxial compression. Pore pressures during shear and consolidation characteristics are measured to determine both drained and undrained shear strength parameters and assess the potential for undrained loading. Liquefaction potential is also considered. A limit equilibrium solution is used to obtain factors of safety against failure of the fill during mining of adjacent stopes.

Jan 1, 1998

With the advent of the mini computer and the relational database project management has experienced a new lease of life. The project manager no longer has to wait days for his reports, and he doesn't have to thumb through a foot of four part stationery to find that one line of information. The new techniques bring characteristics that are music to the ear of the project team giving them a better chance of bringing the projects in on time and within budget.

Jan 1, 1983

As world demand for various minerals increases the mining industry in its endeavour to satisfy this demand will, eventually,look to the extraction of orebodies which previously may have been uneconomical to mine. These orebodies may be of two types. Firstly, new low grade orebodies and secondly, remnant sections of previously mined orebodies. Some of the factors relative to remnant mining operations are discussed and the potent- ial of remnant mining in providing an important contribution to future world metal production is considered.

Jan 1, 1975

The cost of constantly extending a decline tunnel that plays a part in the actual extractive process is a revenue cost. The characteristics of such a decline tunnel are that it is dug in a series of relatively small excavations. It follows the ore body and is dug as close to the ore body as practicable. In addition, the decline allows for the extraction of ore in the immediate vicinity, with the ore being extracted in a relatively short period of time.

Jan 1, 1990

Progress on this project will be verbally reported and a description given of the main features. A detailed feasibility study was completed in December 1986, and the Joint Venture has issued an Environmental Impact Statement. This was open for public comment until 16 February. Issues presently being considered include economic justification traffic, air quality, noise, marine fauna and flora, visual impact, heritage and construction impact. Detail design and construction is likely to commence in mid 1987, following determination of the above matters.

Jan 1, 1987

The introduction ofa submerged entry tundish nozzle incorporating a cylindrical internal space for argon distribution to its inner bore slab is described. In co-operation with the refractory supplier, four major phases of nozzle development have been undertaken. Problems as well as successes are outlined.Significant reduction in alumina clogging ofnozzles has been achieved along with a decrease in nozzle consumption, using resin bonded alumina graphite with up to 4 different materials "zoned" to give resistance to thermal shock, gas leakage, and erosion.

Jan 1, 1985

Electromagnetic methods used in geo- physical prospecting for conductive ore bodies have proved successful in Canada,Sweden and other countries. In Australia however the depth of weathering generally exceeds 30 metres. This introduces a problem of highly conductive overburden and renders equipment useful elsewhere virtually ineffective. A discussion of several EM prospecting techniques is presented and a new system under development at James Cook University using V.L.F. transmissions capable of indicating changes in impedance (not only highly conducting media) is outlined.

Jan 1, 1974

Lithocaps are potentially voluminous zones of advanced argillic and associated argillic alteration located above the subvolcanic intrusive environment. They constitute exploration objectives for epithermal and porphyry-type deposits. High-sulphidation epithermal deposits may be sought within lithocaps, whereas low-sulphidation deposits may exist on their edges. Porphyry Cu-Au/Au deposits may be accessible beneath lithocaps if systems are telescoped sufficiently. Oxidation of the basal, pyritic parts of lithocaps may promote supergene sulphide enrichment under appropriate tectonic and climatic conditions.

Jan 1, 1995

Instantaneous outbursts have occurred at Metropolitan Colliery from the pick and shovel work of early days to the modern mining techniques of today. Developments have been the introduction of an emission index to measure the proneness of the coal to outbursts, drainage and destressing by large diameter holes, attempts at higher productivity by the introduction of pulsed infusion shotfiring and improvements in ventilation. The future plans and aims for the Colliery include prediction of outbursts, seam gas pre- drainage and longwall mining.

Jan 1, 1980

By Amelunxen R, Finch JA

Flotation columns represent an important addition to flotation practice. Columns have largely replaced. conventional machines in molybdenum cleaning in Canada. Columns have been successfully tested on bulk copper/molybdenum cleaning at Gibraltar Mines Ltd. A rougher cleaner/scavenger cleanercombination was shown to be capable of giving higher grades and recoveries compared with three stages of conventional cleaning. A control strategy for the columns has been developed. An interaction between gas hgldup and wash water rate has been exploited to control performance.

Jan 1, 1985

Lithocaps are potentially voluminous zones of advanced argillic and associated argillic alteration located above the subvolcanic intrusive environment. They constitute exploration objectives for epithermal and porphyry-type deposits. High-sulphidation epithermal deposits may be sought within lithocaps, whereas low-sulphidation deposits may exist on their edges. Porphyry Cu-Au/Au deposits may be accessible beneath lithocaps if systems are telescoped sufficiently. Oxidation of the basal, pyritic parts of lithocaps may promote supergene sulphide enrichment under appropriate tectonic and climatic conditions.

Jan 1, 1995

Most of the gold reef mined today in South Africa is approximately 1 m in width with slopes about 30 m long. To prevent production interruptions it is essential that the stopes should not be blasted in sections. The shortage of experienced labour and arduous working conditions at the face dictate the need for simple blasting techniques.Hence, a pyrotechnic blasting system of sequential firing is in use at present, although research work to improve this technique is in progress.

Jan 1, 1985

Almost from the beginning of civilisation the inhabitants hadlearned the art of recovering and working copper to produceitems which were of use to society.From the early beginnings of the use of copper which can betraced back 6000 years and more, there has been an evolutionaryprocess accentuated in more recent times in which the art ofproducing alloys particularly with tin and latterly zinc and otherelements, has given society a wide range of useful alloys for usein industrial, domestic and architectural applications.

Jan 1, 1995

By Tomlinson R. C

There are two main aspects of coal preparation to which the operational Research Executive of the National Coal Board has applied computer models. The first is in the planning of preparation plants and the first part of this paper discusses Simprep, a computer package that was designed to help on these calculations. The other is the development of control schemes to improve quality control, and the second part of the paper deals with the development of simulation techniques for this purpose.

Jan 1, 1977

By Woodcock JT

This paper deals with some innovations and current proposals for the treatment of gold ores and considers the possibilities of incorporating new developments in new or revised ore treatment flowsheets. The main topics considered are I. typical practice in relation to the size of gold particles, 2. concentration of coarse gold, 3. leaching reagents, 4. in situ leaching, 5. heap leaching, 6. carbon-in-pulp adsorption, and 7. treatment of complex ores (gold in pyrite, gold tellurides, and carbon-containing ores).

Jan 1, 1982

By Cox I

Raiseboring is a technique that has become popular in modem mining engineering since the early 1960s. A study has been undertaken at the University of Queensland to determine important factors affecting the optimum diameter of raisebored shafts, excluding local parameters such as the maximwn excavation size that a particular rock type can safely accommodate.This model is used to examine each of these factors and the results indicate that the optimum diameter for raisebored shafts is generally between four and six metres.

Jan 1, 1991

By Luke K. A

Pressure on production at New Zealand China Clays has led to the development of a dewatering control loop for fine halloysite china clay. The development was based on the analysis of data from the automation of plate and frame filter presses. The analysis of the data has led to process changes, and the ability to quickly solve dewatering problems. As a result of control in the dewatering circuit press times have reduced on average 117% and output has increased proportionally.

Jan 1, 1989

By Harvey T, Kizil M, Bride J

Hydrogen sulphide (H2S) as a seam gas has occurred in several locations in the German Creek seam at Southern Colliery. This paper overviews the techniques developed to quantify the H2S content of the seam, overviews research into controlling and reducing H2S emissions from the seam, and details the procedures used to mine through the HZS zone in 702 longwall panel. Learning points from research and mining experience are reviewed for application in the next longwall block.

Jan 1, 1998

Production implications of the introduct- ion of electric L.H.D. units in sublevel open stoping and pillar recovery at Rosebery are covered by Faulkner (1982) and Carlton (1982). The following engineering aspects associated with the decision to introduce electric L.H.D.'s are considered here: - Initial requirements for commissioning, including power reticulation at an adequate level to all operating areas. - Conversion of a manual system to radio remote control. - Maintenance backup requirement to ensure that the production potential is realised.

Jan 1, 1982