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The ""multiple of exploration expenditure"" method of mineral valuation is applicable to exploration properties from the earliest stage of exploration to a moderately advanced stage but for which no resources have been delineated. While not recommended as a primary valuation method by some workers, others believe it to be the most satisfactory method of valuing exploration properties until it is possible to employ a DCF technique. In many situations facing the professional valuer, the method may represent the only semi-quantitative option available and is frequently used. Significantly it often forms the starting point in discussions to farm-in on an exploration tenement. The paper briefly reviews the definition of value as applied to mineral valuation and in particular examines the relationship between fair value and market clearing price in ""fair"", bull and bear markets. The multiple of exploration expenditure method uses previous exploration expenditure and/or future committed exploration expenditure to derive a base value for the tenements. This base value is multiplied by a prospectivity enhancement multiplier (PEM) with adjustments for market premium or discount and consideration of the quality of the exploration team to derive a fair value for the tenements. The paper will demonstrate that there is no necessary nexus between fair value derived from the method and present book Values.

Jan 1, 1994

By J L. Merritt

Effective minesite water management requires that this issue be treated as a risk management exercise. The management process is generally far from simple and by necessity must involve a range of personnel covering a siteÆs commercial, operational and environmental interests and responsibilities. The challenge to be collectively faced by these stakeholders is to strike the correct balance between risk and cost. On the other hand, the challenge to be faced by technical services support personnel is to provide stakeholders with information in a format that they can use with confidence. This paper presents the application of continuous operational simulation (OPSIM) modelling techniques to establish appropriate risk profiles for minesite operations. It is necessary that the format of these risk profiles be generic and equally applicable for defining the risk of occurrence for a relatively comprehensive range of activities û eg from of a non-compliant discharge, to the risk of failure to meet production targets. What is more, the profiles need to be quantitatively based and capable of reflecting change in system response to varied operational or management strategies. The techniques presented in this paper are based around a key assumption that long-term records of the climate contain within them sets of sequences that are representative of what can be expected in the future û that is, the droughts, floods, cyclones, good years and bad, long or short, and everything in between. Therefore, if these historical records are run through an OPSIM model for a particular site, then the simulated operational characteristics can be taken as being representative of what can be expected in the future, in the long-term. This lends itself to statistical analysis and translation into the required risk based format. Water Solutions Pty Ltd have been working with Capricorn Coal Management to develop a relatively comprehensive OPSIM model of their operations at German Creek Mine, Central Queensland. Outcomes from the modelling have been used in recent times to provide mine management with risk-based guidelines for both securing and containing mine water inventories. One of the more interesting tasks has been to establish risk based inventory levels that, if reached, would trigger the immediate implementation of a contract for the desalination and re-use of mine water, at predefined rates. Also, lead-time warning of the occurrence of a possible trigger is of importance to operational and commercial planning. To service this requirement the OPSIM model is regularly used to produce lead-time estimates to defined levels of confidence. Case studies of these, and other, applications of the OPSIM model at German Creek Mine are presented in this paper and serve to demonstrate an effective methodology for practical risked based water management.

Jan 1, 2003

This paper provides an overview of the future for underground thick seam coal mining in Australia. It reviews the available and anticipated mining systems and technologies which may be adopted to mine coal seams of greater than 4.5 m thickness, together with an assessment of the likely technological and operational risks and challenges involved. This overview of mining systems is presented in the context of both current and recently completed research projects funded through the Australian Coal Association Research Program (ACARP). The projects have been joint investigations between The University of New South Wales Mining Research Centre (UMRC) and the Centre for Mining Technology and Equipment (CMTE). Outcomes from the projects have included an appraisal and classification of underground thick seam reserves in Australia and their suitability for each mining method.

Jan 1, 2000

By J Tickner, Y Van Haarlem, G Roach, D Abernethy, M Smith, J OÆDwyer

The development of novel technologies capable of real-time, high-accuracy, automated analysis of gold, other precious metals and mineralogy, both in ore samples and directly on process streams is reported.X-ray fluorescence (XRF) analysis is widely used for process stream monitoring of base metals. However, detection limits are generally a few parts-per-million (ppm) or larger, precluding the use of this method for monitoring precious metals. Complex interferences with other elements also limit accuracy. An XRF slurry analyser that uses advanced data-analysis techniques to resolve overlapping fluorescence lines, achieving detection limits in the parts-per-billion (ppb) range has been developed. This allows feed, concentrate and tailings streams in precious metal applications to be monitored in real-time. An extended trial of our technology in a platinum group element concentrator and laboratory tests on gold process slurries in the 0.1 - 2.0 ppm concentration range is discussed.Analysis of process stream mineralogy can provide useful information to supplement conventional elemental data. An on-stream X-ray diffraction analysis technique that provide real-time mineral and elemental measurement of process slurry streams has been developed. Both X-ray techniques can be combined into a single on-stream analyser to provide simultaneous elemental and mineralogical information. The successful trial of a combined XRDF (X-ray diffraction and fluorescence) slurry analyser is also reported.It is widely recognised that rapid, accurate analysis of grade is an essential prerequisite for optimising the efficiency of exploration, mining and processing of metals ores. The low grades of precious metals ores, such as gold and the platinum group elements, have led to fire assay becoming the predominant analysis technique. Significant drawbacks of fire assay include long turn-around times, limited absolute accuracy, high costs and requirement for skilled operating staff. For rapid measurement of gold samples, a technique that allows the gold content of large samples to be determined absolutely with high accuracy in less than two minutes using activation with high-energy X-rays has been developed. The method is non-destructive, has detection limits in the low ppb range, is capable of measuring slurries, ground or crushed solids with minimal preparation and can be made fully automatic. Initial results from laboratory trials are presented.CITATION:Roach, G, Abernethy, D, OÆDwyer, J, Smith, M, Tickner, J and Van Haarlem, Y, 2013. Advanced instrumentation for analysis of exploration, mining and process materials, in Proceedings World Gold 2013 , pp 277-282 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Sep 26, 2013

By B N. Morrison

In all metallurgical plants metallurgists require analyses of the various intermediate products, eg flotation feeds, flotation concentrates, tailings, mattes, slags, etc to monitor the efficiency of the plant processes and for plant control purposes. Traditionally these samples have gone to off-site laboratories and there can be some considerable delay before analytical data are received. On-line monitors have to be used for plant control purposes and these are difficult to maintain and can give poor quality data. Recent technological advances in automation in analytical laboratories now allow a far quicker turn-around time for analytical data so they can be of more use to the metallurgist. Automation, which involves the use of robots and fewer people in laboratories, has the added benefit of providing higher quality data as the possibility of human error and bias is minimised. Differences between conventional manual laboratories and automated laboratories are described. Automated analytical laboratories are now becoming the laboratories of choice for mining companies which require large numbers of samples to be analysed on a 24/7 basis on similar sample types using the same sample preparation methods and analytical procedures. Automated laboratories have now been installed in platinum, iron ore, copper and aluminium producing mining companies. A further advantage to metallurgical plants is now the possibility of siting automated analytical laboratories in-plant and designing the plant around the laboratory. Concentrator streams, slags, etc can be sampled by automated samplers, the samples transferred by automation to the in-plant laboratories and all sample preparation and analyses carried out by automated processes. These laboratories require a minimum of staff. Such automated in-plant laboratories have been installed on a platinum mine flotation plant, a platinum mine smelter and steel plants. One is in process of being installed on an iron-ore mine with the sampling being carried out by an automated sampling tower. The procedures followed in planning an automated analytical laboratory for a metallurgical plant are described in detail in the paper. The platinum plant smelter automated system which includes rapid transport of samples by air-tube to the laboratory for the analysis of the samples by XRFS is also described in the paper. It is concluded that automated analytical laboratories can be retro-fitted to most metallurgical plants but they are best suited to greenfield sites.

Jan 1, 2008

Background information, formulae and a systematic set of procedures for estimating capital and operating costs for open pit mining equipment are presented in this paper. Firstly, equipment capital costs are required. These can be obtained from either suppliers, contractors or from first principles. The equipment is then divided into cost elements. Typically these are fuel and power requirements, spare parts consumption, wear items such as tyres, teeth and drill bits and finally repair and operating labour requirements. By consideration of the cost and life of each element a base cost can be derived. The base cost is then adjusted to suit specific site conditions such as the proximity to spare parts suppliers, the duty or ground conditions and the management and operator skills specific to the site. Hence, the same item of equipment can be costed to reflect different operations. Included are tables and data for typical plant items. Several examples are also given to illustrate the methodology being presented. The intention is to provide a set of procedures to allow costs to be built up from base level in a systematic and repeatable way. Applications for these costs include feasibility studies, budgetting and data for economic analyses.

Jan 1, 1990

By S Wainio, P J. Beckett, T Miller

Lichens are a symbiosis of fungi and algae. Air borne elements and gases are absorbed very efficiently over the entire surface of the lichen, because they have no protective structures such as a waxy cuticle or stomata. A survey in 1977 (one year before the Sudbury Regreening program began), indicated that several Cladonia spp had invaded the soil in Sudbury’s open birch woodlands. Pollution sensitive species such as Cladonia rangiferina and C. mitis occurred 20–25 km from the smelters. It was anticipated that the improvements in air quality and reclamation efforts would allow a natural invasion of pollution sensitive species into what once was a lichen desert that surrounded the smelters. The purpose of this project was to study the invasion of terricolous (soil-inhabiting) communities of lichens and mosses on reclaimed land in the Sudbury region 45 years after commencement of the Sudbury Regreening Program.

Aug 2, 2023

By A B. Bell

The health and in some cases survival of mineral exploration and mining companies is, in today's markets, more dependant than ever on the effective use of information technology. The need for speedy collection, organisation, maintenance and distribution of corporate and project information is a phenomenon that will continue to strengthen with market thirst.Geographic Information Systems (GIS) provide a medium for storage, maintenance and retrieval of data, and Internet Mapping adds a technology for effective distribution of that data. Combining these technologies can return benefits both fiscally and technically by reducing costs of ownership in IT infrastructure and increasing the efficiency and effectiveness of both internal and external information delivery.GIS and Internet Mapping technologies have reached a practical stanza in their evolution and will continue to develop as a key business tool in the natural resources sector.

Jan 1, 2002

By Van Heuzen JA

The extensive deposits of brown coal in the Latrobe Valley form the major solid fuel resource in Victoria and are the energy source for most of the State's power generation. This paper describes the coalfield resources allocated for electricity generation and a potential sequential develop- ment of these areas in future years to supply future power stations.

Jan 1, 1982

By Garg R. K

Himalayan ranges on the northern border of India are source of many perennial rivers and suitable sites for large dams have been located therein. However, Himalayas are young mountains and comprise of comparatively weaker rocks having adverse geological features like shear seams, thrust zones, minor and major faults and intense jointing. Tehri dam project under construction, is located in lower Himalayas. It envisages construction of a 260.5 m high earth and rock fill dam and an underground power station of 2000 MW (Eight machines of 250 MW each, four of which will be reversible) installed capacity. This dam will be the highest and the underground complex will be the largest to be constructed in India in the Himalayas. The under- ground complex comprises of 25 km of tunnels varying in diameter from 6 m to 11 m and seven large cavities of various sizes, the biggest being 22 m in width, 194 m in length and 65 m in height. Rock formation in the power house complex belong to phyllites having various joint sets spaced from 0.5 m to 3 m. Due to the poor geological conditions and closely spaced net work of large cavities, the planning, analysis and design of the cavities is a challenging job. Many aspects have to be considered in determining the sizes, locations and orientations of the various cavities taking into account the properties and jointing pattern of rock mass, functional requirements and economics. Correct evaluation of loads and forces is necessary for economical design of supporting system for the various cavities. Rock loads on the roof of cavities and their supporting system will be assessed with the help of the latest methods. The stability of the rock mass around the cavity will be evaluated by elasto- plastic method using finite or boundary element techniques. A scheme of field investigations, laboratory tests and instrumentation for deter- mining rock properties in preconstruction stage and for monitoring behaviour of the underground cavities during and after construction is envisaged.

Jan 1, 1987

The great philosopher, Marshall McLuhan, is said to have stated that the use of forecasting as a means of guiding future actions is akin to driving an automobile through observations made in the rear-view mirror! In effect, in forecasting it is assumed that there will be an orderly progression from the past into the future, and that the model will be sufficiently unvarying for use to gauge both the directions and the rates of change. The concepts of forecasting have served man well in disciplines in which the relationship between causes and effects can be clearly demonstrated; such as between rainfall and crop yield, for example. These are of no value, however, when conditions change rapidly and unpredictably, or when there is no model at all. Even worse, under such circumstances our preconceived notions may cause us to make some horrendous errors in judgement. Such are the risks at present in attempting to make an assessment of the educational needs of the minerals industry for the coming century! The model, and the conceptions that we have had of the linkages between cause and effect are in disarray. Minerals markets are chaotic, and there is almost no ability to forecast trends in metal values. Linkages between supply and demand seem tenuous. Internationally, producers are struggling for survival. Mine closures, temporary shutdowns, and reopenings are frequent occurrences. Decision-making under uncertainty is probably one of the most certain things about the world mining industry Today!

Jan 1, 1986

A comprehensive understanding of the rocks associated with coal seams, and also of the coal itself, is essential in assessing the likely behaviour of the materials before, during and after the mining process. The nature of the rock materials involved in coal mining can give rise to risks from adverse geomechanical properties, create problems in coal quality control and produce difficulties with environmental impacts, all of which may affect the profitability, impact and safety of the operation. Examples of issues associated with rock composition include slaking and degradation leading to roof, floor, pit wall or spoil pile instability, ignition of methane in mine atmospheres by frictional processes, liberation of quartz-rich dusts into ventilation systems, production of coal with unfavourable preparation or marketing characteristics, and escape of suspended solids or potentially toxic leachates from spoil piles and other types of emplacements. Methods for evaluating rock composition include microscopic examination, chemical analysis and X-ray diffraction, with the latter being especially useful for fine-grained rocks or for clay-bearing materials. Other techniques, such as geomechanical testing and down-hole geophysical logging, are also useful, but give less direct information about the actual composition of the materials involved. Indeed, understanding of rock composition, through microscope or quantitative X-ray diffraction studies, provides a basis for checking information from other sources, explaining different aspects of rock behaviour, and an essential link in relating geophysical or geotechnical data to broader-based geological models as part of the risk assessment process.

Jan 1, 2003

By J White

The Eyre Peninsula (EP) has been known for its iron ore for more than a century. Edward John Eyre noted the ironstone outcrop at what is now Iron Knob in the 19th century. Sir Douglas Mawson visited and reported on the geology of the lower EP in 1906, noting the widespread presence of iron stone and the likelihood of copper being associated with the iron stone. Despite this knowledge there has been only one successful iron ore mining region developed on the EP and that is Iron Knob and the Middleback Ranges which have been mined continuously since 1899. The Middleback Ranges can justly lay claim to be birth place of the Australian iron ore and steel industries.The discovery of large scale haematite resources in Western Australia meant that there was no need to seek out iron ore that needed benefi ciation. The low price of iron ore precluded further development of the EP and many other areas in Australia and overseas. This situation changed rapidly in the mid-2000s with the emergence of China as the world’s industrial power house and the soaring demand and price for many resources including iron ore. This triggered a flurry of activity across Australia and led to the rapid exploration and drives to develop the EP iron ore. A brief examination of the magnetic maps of the EP shows the wide spread presence of magnetite and associated smaller haematite deposits. A closer look reveals the magnetite deposits to vary in formation style and host rock lithology as well as being significantly altered by regional metamorphism. *This is an abstract only. No paper was provided for this abstract.*

Jul 11, 2011

By H Park, D J. Holland, L Wang, Y Matviychuk, Y Lee

Reuse of process water in mineral and coal flotation plants is widespread to effectively reduce freshwater consumption. However, the accumulation of the frother in the recycled process water is a growing problem as high remnant frother concentration often leads to undesirable overfrothing issues throughout the plants. Various approaches have been proposed by others to measure frother concentration, but none of them is used in flotation practice owing to the requirement of timeconsuming sample preparation steps and/or specialist training to operate and maintain. There is a pressing need for the development of a simple and fast frother concentration measuring technique to avoid overfrothing issues and to optimise the flotation process. The present paper presents two promising approaches to measuring frother concentration online. The first approach measures the concentration of alcohol type frothers based on the host-guest interactions between frother molecules and a formulated liquid. This method is simple and fast as it only requires mixing the formulated liquid with the water sample for up to one minute. The potential of this approach was demonstrated by determination of the residual MIBC concentrations at different locations across a coal flotation plant. The second approach measures frother concentration using a solid-phase extraction (SPE) process and a cryogen-free benchtop NMR spectrometer. Using this approach, both alcohol type and polyglycol type frother solutions can be analysed for concentration determination within 30 minutes. It has also been demonstrated that the concentration of individual frothers in a frother blend (ie MIBC and PPG425 in water) can be accurately analysed even in the presence of background chemicals. This technique has otential for real-time measurement of frother concentration as the whole process can be fully automated.

Aug 24, 2022

By M Amanzadeh, S M. Aminossadati, B M. Masum, M S. Kizil, C R. Leonardi

Gas sensing systems are becoming more important in many industries such as oil, gas and mining operations. Particularly in underground coalmines, accurate and reliable monitoring of toxic and combustible gases such as methane, nitrogen dioxide, carbon monoxide and hydrogen sulfide is essential. Available conventional electrochemical sensors for gas measurements in underground coalmines suffer from shortcomings such as cross-sensitivity response, limited lifetime, high calibration cost, maintenance cost and safety. Recent studies have found that fibre optic-based gas sensors have potential to eliminate these issues. These sensors can also be used for long distance and distributed sensing of various gases, both of which are important for underground gas monitoring. The aim of this paper is to review the present underground mining gas monitoring systems and review the new generation of fibre optic-based sensing systems for use in underground coalmines.CITATION:Masum, B M, Aminossadati, S M, Leonardi, C R, Kizil, M S and Amanzadeh, M, 2017. New generation of gas sensors for underground coal mining applications, in Proceedings Australian Mine Vent Conference 2017, pp 189–196 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Aug 28, 2017

The provision of electrical power is an important consideration in project development. The first step to be taken in this area is to assess the power requirements of the project. The alternatives of laking a supply from a power authority or providing local generation can then be considered. This requires additional defmition of the probable characteristics of the supply.The availability of authority power in Australia is limited by the extent of the state power grids. Recent developments now allow these grids to be extended and their load capacity increased to meet major load increases at less cost than was previously possible.The options for local generation include diesel, gas turbine, steam, hydro, solar and wind, each having its particular performance characteristics and costs. The choice of fuel for diesel, gas turbine, and steam plant likewise involves consideration of a range of factors. The arrangements adopted for five recent Australian remote development projects indicate how some of these aspects influence the decision on power supply.

Jan 1, 1990

By Seedsman RW, Duncan Fama ME

Mine design procedures will be revolu- tionised by technological developments in computers, software, database construction and management, and numerical modelling programs. Developments in geotechnical databases will be required which utilize geological and geomechanical tests to supply appropriate input for numerical models. Techniques utilizing sedimentological and structural modelling are described. The capacity of current numerical models in mine design is outlined and a program for developing a fully integrated mine design package proposed.

Jan 1, 1987

Predictive chemical models facilitate the selection, design and assessment of aqueous chemical processes. The development of expertise in aqueous themochemistry has not matched the explosion in computer technology for modelling, which has placed pressure on the need for acquisition of skills to critically assess the appropriateness of the models produced. The 'blind faith' culture which appears to be developing must be arrested by appropriate programs at the tertiary level and professional development strategies in the minerals industry.

Jan 1, 1996

By T Baumgartl, B Noller, B Forsyth, J Park, M Edraki, P Pham

Understanding and quantifying residual risk is the key to the successful closure and rehabilitation of mines. An important aspect of residual risk is predicting the long-term chemistry of mine water and the long-term geochemical stability of mining wastes. This requires updating the characterisation data for mine wastes and monitoring mine drainage throughout the life-of-mine. The intrinsic properties of waste materials (ie the geology, mineralogy and the weathering processes, which in turn depend on the local climate and water balance in a waste storage facility) are the fundamental controlling factors of residual risk. In this paper, case studies of coal and metalliferous mines are used to discuss the definition of residual risk for a range of waste storage facilities and to highlight the benefits and limitations of current geochemical methods in predicting and quantifying residual risk. Consistent with the classification of mine drainage by the Global Acid Rock Drainage Guide, three case studies of acid, saline and neutral drainage are presented.CITATION:Edraki, M, Pham, P, Park, J, Baumgartl, T, Noller, B and Forsyth, B, 2016. Defining residual risk for successful mine closure – a geochemical perspective, in Proceedings Life-of-Mine 2016 Conference , pp 9–11 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Jun 28, 2016

Various factors influence the exploration geologist or geochemist in his choice of.an analytical method for gold and other elements which may help him find the elusive gold deposit. One of the first decisions the geologist must make is the nature of sample media to collect for his survey. Needless to say there are many media available depending on the situation. These include rocks, soils, heavy mineral concentrates (from overburden drilling and panned concentrates), humus, vegetation, water, lake bottom sediments, stream sediments, etc. The choice of the sample media will depend to a large degree on the state of development of the particular project from grassroots to mine feasibility. The nature of the geological information required will affect which media and which analytical technique should be chosen for the analysis. Valid sampling from the initial sample collection, preparation and subsampling aspects may also help to determine which analytical procedure is best. Cost and turnaround time are of prime. importance to the explorationist, as it should be, however, these aspects should not be detached from receiving accurate and reliable results.

Jan 1, 1987