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By L Wsrell

During recent years the iron ore industry has experienced a continuous consolidation trend following increased merger and acquisition activities. Analysing and evaluating these mergers is important in order to establish potential effects. The purpose of this paper is to analyse the price effects caused by the merger between Rio Tinto and North Ltd in 2000. The merger was cleared by the European Commission, as well as the Australian Competition and Consumer Commission, shortly after its announcement. The analysis will be conducted using a simulation model based on a proportionality calibrated almost ideal demand system, which uses the premerger situation in order to estimate the post-merger outcome. The relevant market is defined using shipments data. This is followed by the simulation model applied to the defined relevant market. The results show that the concentration on the market, given by the HHI, increases approximately 15 per cent, and that the market share of the new companyÆs reaches almost 20 per cent. Compared to the CommissionÆs assessment the results indicate a more concentrated market and thus a higher concern for possible competitive effects. Furthermore, the results suggest that the predicted average market price increase from the merger is 1.6 per cent. However, the merged firm is able to increase their average price by 5.1 per cent.

Jan 1, 2005

By Reynolds JO

This contribution by. The Australasian Institute of Mining and Metallurgy has three main thrusts. First, an Institute (and industry) view on academia and the need for more entrepreneurship at top academic levels, second the need to lift our technological game, and third, professionalism and the perceived role of mineral industry education. While I will deal with each of these separately they are of course inter- related and can be brought together under the frequently used, but insufficiently practised title, "communications". First then, The Institute and industry view of academia. There are some academics in the audience and I imagine they may wish to reply to my remarks with an academic view of industry. That is not unreasonable. Like all human institutions, academic institutions vary in quality and characteristics. Some are successful and some less so. Some historically are well renowned. Others that were once successful schools have declined. Lesser known schools have grown into prominence. What is it that sets apart 'good' highly regarded schools from those that are not so well regarded? It comes down to one main ingredient - "leadership". The strong mining schools in the past 100 years have been strong because they have had outstanding and clearly identified leaders. Strong clearly identified leadership has always had rapport with, and the support of the industry. The two go hand- in-hand, each nourishing and supporting the Other.

Jan 1, 1986

There are a number of different mechanisms by which wetlands can immobilise the metals in mine drainage. Here, the biogeochemistry behind four of these mechanisms (adsorption, biological uptake, precipitation as oxyhydroxides, and precipitation as sulfides) is discussed from the perspective of sustainability. Moreover, treatment wetlands are considered as part of a larger system, also taking into account the source of the drainage and various aspects of the receiving waters. The biogeochemistry of different metal immobilisation mechanisms in wetlands determines what kind of drainage can be treated with success, and it also places an upper limit on the amount of metal that can be removed from the water phase per unit of time. This has important implications for the design of treatment wetlands, perhaps particularly in colder climates. A thorough understanding of the prevailing biogeochemical processes is essential when attempting to establish treatment wetlands after the closing of a mine. If a wetland is to be used as a sustainable æwalk-awayÆ solution, the anticipated change in treatment efficiency over time (as pollutants accumulate in the system) must be considered in relation to the expected changes in drainage quality. It is also important that the total metal immobilisation capacity of the wetland is not exceeded and that the integrity of the system is maintained, in order to minimise liberation of previously immobilised metals.

Jan 1, 2003

In the last several years we have seen the demise of the Department of Mining and Metallurgy at the University of Melbourne, the removal of extraction metallurgy from the Department of Metallurgy and incorporation of it within a School of Mines at the University of New South Wales, and the joining of a small Department of Metallurgy with a Department of Chemical Engineering to form a Department of Chemical and Materials Engineering at the University of Newcastle. Most of these changes have been forced by the logical application of the principles of accounting, the currency for such accounting being the Whole Student Unit (WSU). It is not my intent to address the problem of attracting young people into courses in metallurgy (including extraction metallurgy) which, at present, is the only way to introduce black ink into the WSU accounting ledger. Rather, I wish to express my disquiet over the trends, illustrated by some of the above occurrences, of separating out extractive metallurgy from METALLURGY by suggesting in broad terms how a course in metallurgy should be structured. I firmly believe that the mechanical metallurgist and materials engineer need an exposure to chemical and extractive metallurgy; similarly, the extractive and process metallurgist should, in my view, have a good grounding in the interrelationships between composition, structure, and properties, this topic being the core of the basic subject physical metallurgy.

Jan 1, 1987

Early in 1930 William S. Robinson, Managing Director of Zinc Corporation Ltd., anticipated a rise in the price of gold and a devaluation of the Australian currency. 'WS', as Robinson was known, formed a.syndicate in London, which later became incor- porated as Gold Mines of Australia Limited (GMA) to invest in gold mining properties in Australia. GMA examined many prospects and subsequently undertook the development of several mines in eastern Australia. The syndicate also held a number of options and several large reservations for gold exploration in Western Australia over which it was proposed to carry out an aerial survey and thorough scien- tific assessment. To do this Western Mining Corporation Limited (WMC) was incorporated in Melbourne on the 2nd March 1933. The founding chairman of WMC and GMA was the highly respected `Collins House' figure, Sir Colin Fraser. The aerial survey was carried out, and a group of eminent geol- ogists from Harvard University examined many prospects and identified several which warranted development. To finance these activities `WS' formed Gold Exploration and Finance Co. of Aus- tralia Ltd. (GEFCA), in London in July 1934. GEFCA ultimately held 95% of WMC and 62% of GMA. The finance came mostly from London based South African mining companies which had been subscribers to his earlier syndicate plus some American inves- tors. (The Group Structure in 1936 is shown in Appendix `B").

Jan 1, 1988

By M Ben, P de Donato, M Kongolo

The extensive literature on sulfide flotation indicates that pyrite poorly floats under alkaline condition. Xanthate concentration has a positive effect on pyrite flotation, but above a pH of 11, pyrite seems to be strongly depressed, independently of the concentration in xanthate. In this investigation, aeration and xanthate concentration effects were studied for pyrite flotation conditioned at pH 11 with lime. Results presented in this paper include surface infrared analyses and pulp chemistry measurements which have showed that aeration had a dual effect on pyrite flotation. It induced pyrite surface activation by oxygen, and oxidation of ferrous iron to ferric hydroxides or oxyhydroxides species. It also favoured dissolution of CO2, leading to calcium carbonate precipitation and adsorption onto pyrite surface. Both CO2 dissolution and ferrous oxidation generated protons and decreased pulp pH. Pyrite flotation was observed to be effective with a statistical monolayer of xanthate that could be adsorbed as mixture of dixanthogen and metal-xanthate complex. Non-floated fractions showed high amounts of carbonate, and presence of hydroxyl iron sulfate (Fen(OH)m(SO4)p, xH2O) which have inhibited the hydrophobicity effect of adsorbed xanthate. Environmental desulfurisation could be improved by aeration control causing pyrite oxidation and pH decrease to reach optimal flotation condition with a relatively low xanthate concentration.

Jan 1, 2005

By R G. Alford

Braeside Borefield, located 120 km southwest of Mackay, is owned by BHP Mitsui Coal Pty Ltd (BHP Mitsui). The borefield provides water to BHP MitsuiÆs South Walker Creek and Riverside Coal Mines and communities in the northern portion of the Bowen Basin. Braeside Borefield has also provided water for other users in the region, including the Peak Downs, Goonyella and Saraji Coal Mines owned by BHP Billiton Mitsubishi Alliance (BMA). Water is sourced from alluvial sediments at the confluence of Nebo and Denison Creeks, and transferred a distance of almost 100 km to Riverside Mine and other users. Since commissioning in 1983, monitoring and maintenance programs have been key elements in borefield management. The impact of pumping on groundwater resources is monitored at the borefield, upstream and downstream over a distance of about 50 km. Current annual pumping is of the order of 4000 ML, and in excess of 50 000 ML has been pumped since the commencement of borefield operations. Detailed reviews of borefield performance are conducted every two years. BHP Mitsui actively participates in community consultation on groundwater issues arising from operation of the borefield. Declining groundwater levels from prolonged drought conditions have increased community interest in management of the borefield. Rehabilitation of existing production bores and augmentation of the borefield is currently being investigated to more evenly distribute pumping rather than to increase overall capacity.

Jan 1, 2003

The mineral resource that a mining company has access to, represents the majority of the embedded value that exists within the company, as well as the competitive advantage that the company has over its peers. However, the real value is only realised once effective mining plans have been put in place, which optimise the extraction of the resource, and add measurable value to the company. The concept of mineral resource management (MRM) has been developed in South Africa, to ensure this optimisation happens in an integrated and quantifiable manner, such that value is added and risk is reduced, resulting in bottom line improvement for the stakeholders of the business. This paper describes the process of mineral resource management, and draws on successes and failures of various companies, to illustrate how it should be implemented, and what measures should be put in place to ensure its success. This requires a fundamental re-appraisal of the way in which mining companies plan and execute their businesses, and focuses attention on real value adding activities and behaviour through the use of economic value added as an appropriate metric by which to measure real value and risk. Specifically, the paper focuses on these aspects as applied to planning models and processes, exploration activity and risk management, to ensure operational and project success.

Jan 1, 2006

Silica-Kaolin Sand Wet Sizing The Bulgarian deposits of silica-kaolin sand are localised in the eastern part of the Danube plain. After wet separation the raw material yields two products - washed kaolin (different grades) and silica sand (different grades). The water washing technology includes: disintegration; spiral classification; hydrocyclone classification and dewatering of kaolin grades; hydroclassification; sizing using drum screens and dewatering of silica sand grades. Research and development program has started to improve the silica-kaolin sand separation in processing plants. Based on the raw material and tails characterisation data and the preliminary experiments using Derrick Stacksizer screening machines a silica-kaolin sand wet sizing technology was developed. The full-scale pilot flowsheet includes the following units: Derrick Stacksizer equipped with 0.43 mm opening Derrick Urethane Panel; 500 mm Flat bottom Hydrocyclone; Derrick Stacksizer equipped with 0.150 mm opening Derrick Urethane Panel; 100 mm Hydrocyclone and Derrick Dual Motor Linear Motion Machine equipped with 0.064 mm opening Derrick Pyramid Panel. The pilot-test data clearly demonstrate that the new silica-kaolin sand wet sizing technology is suitable for Bulgarian silica-kaolin raw material. There are possibilities to increase the silica sand recovery increasing the production of silica sand grade PK 0.16 and starting the production a new grade PK 0.10.

Sep 13, 2010

Mining projects draw together stakeholders with various degrees of experience in managing and assessing financial risk. When this risk is not fully appreciated or quantified, the potential for making decisions not suited to investor requirements is significantly increased. A feasibility study provides key information on project development potential, requiring detailed technical investigations with thorough financial analysis. Centaur Mining and Exploration (CME) owned and operated Cawse Nickel Operations (CNO), one of three Australian projects to develop and process vast amounts of near surface nickel resources. A technical ædue-diligenceÆ and æbankable feasibility studyÆ confirmed the large resource base, newly applied yet tested technology and relatively low unit costs would produce nickel in the lower half of industry operating costs. A number of production variables including capital requirements, delayed start-up, nickel grade, processing, maintenance and product output were outside the feasibility estimate. This was combined with exchange rate fluctuations and lower Ni prices. The inability to generate adequate cash flow and service debt repayments ultimately led to receivership and liquidation of all assets. Following the sale of CentaurÆs gold and nickel divisions, $A 784 million remained outstanding to creditors. This paper aims to define key issues leading to CNOÆs collapse by reviewing feasibility parameters, valuation methodology and project development. Some methods of assessing project viability are discussed with the aim of increasing stakeholder risk awareness.

Jan 1, 2003

Mining of the silver-lead-zinc orebodies at the George Fisher Mine officially started in 2000. A review of mining performance to date shows that many of the extracted primary stopes have experienced some degree of hangingwall dilution. The degree of hangingwall failure in the stopes became progressively more extensive throughout mining of the orebodies in 2001 and 2002, culminating in the unplanned catastrophic failure of the 744D stope in which the ore between 13C (2683RL) and 12L (2714RL) sublevels caved into the previously mined cavity between 13L (2654RL) and 13C sublevels. This was followed several months later by another unplanned caving event in a nearby stope, 740D. As a direct result of these unplanned failures it was decided to mine the stopes with a smaller span than had been previously planned and in a primary-secondary pyramidal stoping sequence. To limit the exposure of the stope hangingwall, a hangingwall drive is no longer developed and therefore geologists no longer have access to the detailed geological information that this provided. Geologists at George Fisher Mine have had to be adaptable and flexible in response to these proposed changes and rely more on data from drilling than mapping for their geological interpretation. The result is that the drilling cycle has become much more critical in the planning process.

Jan 1, 2003

By Barria J, Mencho J, Gonzalez GD

An extended Kalman Filter is used to build an on-line estimator of total ore, fine ore and water hold-ups in a SAG mill. In addition, an equivalent grinding rate from coarse to fine ore, as well as the discharge rates of solids (fines) and water are also estimated as part of the adaptation procedure of the model used for the Kalman Filter. The measurements used in the Kalman Filter estimator are the total mill weight provided by load cells, and inferred discharge flows of fines and water from flow and density measurements performed downstream. The net ore and water feed to the SAG mill are used as inputs to the estimator, and also the proportion of fine ore in the feed. As an example of how to introduce robustness in the estimation in the face of sensor bias errors, an estimation of the load cell bias error is introduced in the estimator, thus providing self calibration. The estimator presented in this paper has been tested by simulation using a detailed SAG mill mechanistic dynamic model comprising 27 size fractions well fitted to a pilot mill. The maximum error in the estimation of the operational variables - total and fine ore as well as the mill contents under different operating conditions - is about ten per cent.

Jan 1, 1993

Looking back 25 years, the role of the drill and blast engineer in an Australian mine seemed relatively simple, with the primary focal points being scheduling of the drill rigs, oversize control, and budget control with respect to consumption of both explosives and drill consumables. The choice of explosive selection was relatively simple, though many mines were becoming involved in trials of slurry explosives, emulsion blends, and low density ANFO blends. Guidelines to assist the engineer towards specific fragmentation targets were scarce, environmental constraints were light, and computers were rarely found on the desks of any mining engineers. Wall control blasting was in its infancy, with the bulk of attention being given to appropriate slope design and little real attention given to factors such as explosive distribution, and optimum delay timing and sequencing. Quantitative measurement of blasting performance was rare. The science of blasting, for fragmentation control, wall control, and environmental impact control was about to be born, and was heralded in those years by intense efforts by the explosive manufacturers and a proliferation of research centres throughout the world. Since the early 1980s, the role of the Australian drill and blast engineer has gone through a major metamorphosis, and currently requires a greater depth of scientific understanding than any other specialisation within mining engineering.

Jan 1, 2004

By J Rapkoch, M Cerna

As long as the tendency of Chilean copper ores continues to feature high levels of impurities, the smelters will tend to produce high-impurity mattes. The most notable impurities include As, Sb, Pb and Zn. Producing high-quality copper with such materials is a major challenge to metallurgical engineers and operators. More investigations into process optimisations and/or alternatives are needed, using both theoretical knowledge and operational skill. Converting of matte in Chile depends on the matte grade using established technologies. Mattes up to 66 per cent Cu, such as those from Outokumpu Flash furnaces, are converted in two stages, while typical Teniente Converter mattes, ranging from 70 - 74 per cent Cu are converted in one blow, directly to copper. In this paper thermodynamic data are used to evaluate possible variations in the use of traditional technologies applied to smelt copper concentrates with high impurity levels. The results of this analysis help to predict the impurity distributions between matte-slag-gas during the slag blow, and between copper-slag-gas during the copper blow. For converting high-impurity white metal, the effectiveness of volatilisation in the slag blow is analysed. In the copper blow, the type and the amount of flux (SiO2, CaO and others) are altered with the aim of optimising impurity distribution to the slag and gas.

Jan 1, 2005

By Dunlop A. C

A brief study from the Mt. Bulga prospect com- pares the chemistry and mineralogy of different soil fractions and other materials to suggest a sequence of surficial metal dispersion from adjacent gossans, which may have relevance for geochemical exploration in semi-arid terrains. v v v v v JIV-- v v v v a o v o/ v v v v 1 v v lv ./v '' 1 v 16400N ..I v 1635014 v 1630014 .:1 ò.t SILURIAN sillstone " lelsic volcanic sillstone -sandstone ORDOVICIAN Eandesite o quartz float gossanò pits doOP Iv o shalt v _--'fault v 1---1 soil traverse v v v v 0 100 200 mm e Fig. I Local geology and location of soil traverses, Mt. Bulga (compiled from Chisholm, 1976). The Mt. Bulga prospect in central New South Wales is a small but well documented volcano- genic massive sulphide occurrence (450,000t of 0.8% Cu, 1.3% Pb, 5% Zn and 0.45 g/t Au) Cambrell and Kirk (1974), and Chisholm, (1976). Mineralization is localised near the interface of felsic pyroclastics with overlying silt- stones and along adjacent faults (Fig. 1). In this area with a Koeppen type cf6 climate, soils are thin and skeletal along ridges with thicker and better differentiated profiles with a colluvial component up to 2m thick developed

Jan 1, 1988

By W J. Shaw

Geometallurgical modelling is now a hot topic in deposit evaluation and in optimising mine performance; however, its history is long and varied. Historically metallurgical sampling has frequently suffered from a lack of data due to the cost of producing representative bulk samples. In the early 1990s geometallurgical modelling similarly suffered from a lack of data due to complex, time consuming and expensive sampling techniques. More recently, simple and relatively cheap tests for geometallurgical variables such as hardness, grindability, throughput, SAG power index, bond work index, crushing index, mineral recovery and concentrate grade have become widespread. The cheaper sampling has resulted in relatively large geometallurgical databases. However, most of the geometallurgical variables sampled are implicitly (and incorrectly) assumed to be additive when modelled by traditional geostatistical techniques, often leading to ill-informed and costly decisions. Geometallurgical variables are mostly non-additive so the current geostatistical challenge is to develop new approaches to dealing with this type of data. This paper briefly describes a historical case study of geometallurgical modelling of the George Fisher Pb-Zn mine completed in the mid 1990s, then outlines some of the current misconceptions of geometallurgical data and modelling techniques regularly applied to it, and finally discusses some recent developments in geometallurgical modelling, with examples from a number of current clients indicating the direction forward.

Jan 1, 2009

By Feebrey CA, Duncan RA

The Ebor Volcano in northeastern New South Wales is an eroded example of a central-type intraplate volcanic-intrusive complex. It is of Miocene age (19-20 Ma) and has similarities to other central-type volcanoes in eastern Australia which may represent manifestations of sub-lithospheric hotspot activity. Thick lava flows are exposed around the Great Escarpment and are dominated by a tholeiitic basaltic suite, ranging from ol-tholeiite to qz-tholeiite to icelandite with ages of 19.2-19.6 Ma. On its western edge, the tholeiitic lava suite probably overlies remnants of basanite flows belonging to the Eocene (-48 Ma) Doughboy province, but elsewhere, minor alkaline basaltic lavas may be coeval with the tholeiitic suite. Several felsic bodies were emplaced into the volcano at -19.0-19.2 Ma and include subalkaline and peralkaline types. The Crescent Complex is a Miocene-age, strongly differentiated mafic to felsic intrusion in basement rocks and centrally located in pre-erosion reconstructions of the Ebor Volcano. It is interpreted to be a major feeder for the tholeiitic lavas based on age and composition. Evolution of the dominant tholeiitic suite proceeded from a parental ol-tholeiite magma, through qz-tholeiite, icelandite and small volumes of felsic rocks by fractionation of plagioclase, olivine, clinopyroxene and titanomagnetite, accompanied by enrichment of SiO2, F,FeO/MgO, alkalies and HFSE.

Jan 1, 1995

By G Giles

One of the main tools used by mining operations to mitigate the risk of rock burst is the installation of a so-called ædynamic resistantÆ support system. Such systems are designed to absorb the impact of shockwaves created by mine-induced seismic events. Dynamic support must be strong and capable of sustaining high loads and, at the same time, they have to be flexible and accommodate large deformation. A dynamic support system is therefore a system capable of absorbing a high quantity of energy. Ground support systems are composed of rock reinforcement (rock bolts or cable bolts) and surface support (mesh or shotcrete). In terms of surface support, fibre-reinforced shotcrete is increasingly seen as the industry preferred solution when difficult ground conditions are experienced, including areas of high seismic hazard. A thick layer of shotcrete is certainly strong but it is by no means flexible. Normal weld-mesh has some flexibility, but it is not very strong. The Australian Centre for Geomechanics (ACG), in collaboration with Onesteel Reinforcing Pty Ltd, is currently working on a new high-energy absorption mesh that combines strength and flexibility. The new mesh can be installed with a jumbo, in a similar way as the widely used sheet of weld-mesh. This paper describes the development of this new mesh system.

Jan 1, 2008

By S S. Kanchibotla, D La Rosa, R W. Pesch

The Porgera Joint Venture and Dyno Nobel have commissioned a joint project to optimise the drill and blast operations to increase the overall profitability of the mine. One of the aims of this project is to increase the throughput of semi autogenous (SAG) mills by optimising the blast fragmentation. A number of test blasts were conducted during the period May 2000 to January 2002 and the ore from these blasts was campaigned through the mill. The data from these trials suggested up to 15 per cent increase in the SAG mill throughput with high energy blast designs. However, changes in ore geology (shape, structure and hardness) and potential ore dilution/loss and wall damage have raised concerns about the economic benefits of these designs over the entire orebody. The lack of a system to track the economic benefits of these modified designs has also compounded these concerns. PJV and DynoConsult, the consulting arm of Dyno Nobel have initiated steps to minimise the potential for ore dilution and wall damage resulting from these modified designs. DynoConsult worked with Julius Kruttschnitt Mineral Research Centre (JKMRC) to develop and implement a blast management system to track the quality of blast implementation and down stream process benefits. This paper discusses the implementation of the system and the results achieved to date.

Jan 1, 2003

By Fallins J

THE John Darling Colliery, owned by The Broken Hill Proprietary Company Limited, is situated 12 miles south of Neweastle, NSW and about 1 mile from the ocean. The area of the holding is approximately 10,000 acres, about half of which underlies the Pacific Ocean. The area was proved to be coal bearing by diamond drill boring: this method not only proved the coal to exist, but gave the depths from which could be calculated. It also proved the existence or otherwise of heavy faulting, which is a very important factor in the design of the underground lay-out of a mine. The location of shafts had to be carefuIly studied, and, before final selection, the following salient points had to be considered:Railway communications.Flood waters.Boiler feed water.Surface buildings.Probability of coal washing.Underground haulage arrangements.Lengths of roadways from a ventilating viewpoint.Before the shaft sites were finally selected, an underground design was prepared to determine the direction of the main drives in relation to the boundaries of the holding, and the of the coal seam: the latter, being an important factor in this particular locality, was ascertained by a geological survey of rock outcrops in the neighbourhood. Size of shafts was the next subject for consideration. This was determined by output, number of seams to be worked, amount of ventilation required, and, on...

Jan 1, 1930