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By N Clarke, J Hunt, A Barros, N Guerrero, L Keeney

Grade Engineering® (GE) involves a range of integrated technologies and operating protocols for improving effective feed grade through early rejection of low value material prior to costly processing activities and has the potential to transform the economics of large, low grade, mining operations. Extensive GE test work by AngloGold Ashanti (AGA) and the Cooperative Resource Centre for Optimising Resource Extraction (CRCORE) determined that the Gramalote gold deposit in Colombia is highly amenable to implementation of grade-by-size screening to upgrade the ore at a production scale. To understand the relationships between geology and the upgrade response drill core and bulk samples were analysed at the Centre for Ore Deposit and Earth Sciences (CODES) as part of a larger CRCORE project to understand geological controls on grade-by-size deportment, i.e., the tendency for specific mineral phases to preferentially fractionate during breakage into different size fractions. This work is focussed on understanding the role of mineralogy and texture in influencing rock breakage and natural fractionation at a range of scales. Detailed logging of Gramalote drill core and mineralogical analyses including hyperspectral logging, portable and bench-scale X-ray fluorescence (XRF), plus low resolution Laser Ablation of intact drill core pieces, combined with data from site (drill logs, geochemistry, petrophysics) were used to evaluate the ore and alteration mineralogy, vein paragenesis and textural variability. This provided information on gold deportment and allowed the identification of favourable host veins. Bulk sample material from different ore grade zones was also analysed. A comparison with the results of GE testing shows that positive upgrade results are produced by rocks with abundant veins, particularly those associated with potassic and/or white mica alteration. This work indicates upgrade response can be predicted from drill core using data collected by a combination of automated systems including hyperspectral data, XRF, and detailed drill core logging.

Nov 10, 2020

Most new engineers in the mining industry do not realise the importance of legal obligations. During investigations the first question you are asked is: Do you have any proof or evidence? The smallest detail in an underground notebook or a diary entry is able to be used as your proof and/or evidence. The importance of a paper trail is often undervalued and overlooked when you first enter the industry. As a new engineer, all too often your legal obligations, including your duty of care are not given enough consideration. Whose job is it to inform you of what your legal obligations are and when do they end? Everyone has legal obligations at every level of the industry, from graduate to mine manager. The level of these responsibilities varies depending on the position that you hold. When you first start in the industry you need to understand what your responsibilities are and how you are expected to discharge them, whether they are memos, databases or senior sign-offs, etc. In order to fulfil your obligations you must first discharge your own obligation, which in turn discharges those of your department and ultimately those of the mine. As a graduate engineer in the mining industry what I have learnt about my own legal obligations has come directly from my own experience, which will form the basis of this paper.

Jan 1, 2007

By A Grace, C Sennersten, T Taylor, A Davie, R Lyu, D Pentecost, C A. Lindley, J Craig, L De Macedo Camargo

Many underground mine void spaces are not suitable for human entry due to unprotected roofs, instability or having an unknown safety state (eg if they are many decades old). Investigations of these voids may nevertheless be important for general mine safety, for example to detect propagating collapses or water accumulation, prevent accidental intrusion by new developments or drilling to reassess old spaces for re-mining. Robots are an ideal technology for investigating these spaces, especially flying, rotary-wing robots that can access and map vertical structures and spaces while avoiding rocks, water and mud that have accumulated on void floors. To operate in underground mines, we are developing customised unmanned aerial vehicles (UAVs) as well as interactive 3D virtual models of the vehicles and their underground environments for controlling vehicle operation and visualising incrementally gathered survey data. Using a game/simulation engine to provide an interactive interface for UAV operation makes it possible to orchestrate external spatial information and video feeds with in-game cameras for optimal visualisation that is not limited to the position, orientation or field of view of cameras mounted on the UAV. First and third-person points of view with respect to the UAV are provided, together with 2D and 3D gaze tracking to provide effective interfaces for geology and mine engineering experts without the need for specialist UAV piloting skills. Ongoing work is addressing the provision of greater levels of autonomy for these vehicles to support mapping well beyond the line of sight of operators and geological characterisation of rock surfaces using sensors mounted on them, including miniature X-ray fluorescence and Raman spectrometers. Gathered data is fed into more general 3D models of the mine, block models and orebody so that the UAVs function as elements of a mobile perceptual system for intelligent mining.CITATION:Sennersten, C, Lindley, C A, Davie, A, Lyu, R, Grace, A, Evans, B, Pentecost, D, Taylor, T, De Macedo Camargo, L, Craig, J, Salomao, G N, Hellicar, A, Biggins, D, Timms, G, Coombe, M, Shahriar, M S, Smith, G and Rahman, A, 2015. Unmanned aerial robots for remotely operated and autonomous surveying in inaccessible underground mine voids, in Proceedings Third International Future Mining Conference, pp 101–108 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Nov 4, 2015

By B Twidle, D Bertoldi, J Meikle, R Dunne

The Waihi Gold Mine is situated in a high rainfall area (annual average of over 2 m) on the North Island of New Zealand. Water treatment and discharge at the mine has been ongoing for the last 25 years. The first water treatment plant consisted of a æstandardÆ water treatment facility (ferric chloride precipitation) and cyanide detoxification. With time the project has expanded and the volumes of water increased requiring additional treatment methods (reverse osmosis) to meet the water quality for discharge. This paper will provide information on the historical development of the water treatment flow sheets, performance data and operating costs.CITATION:Bertoldi, D, Dunne, R, Twidle, B and Meikle, J, 2013. Water treatment at the Waihi Gold Mine, in Proceedings World Gold 2013 , pp 503-508 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Sep 26, 2013

By T Baumgartl, D Mulligan, R Haymont

Mining at the Mt Leyshon Gold Mine in semi-arid north Queensland stopped in 2002. Newmont Australia has recently initiated a thorough post-closure water management study of the site by revisiting the existing information and conducting new water-related investigations. The focus of this paper, which is the first publication on post-closure environmental management of the site, is an overview of the site water quality in view of the sources and spatial distribution of polluted mine water, and also the performance of cover systems in controlling water flux though mine wastes. Since the mine closed the rehabilitation of waste rock dumps and tailings dams have significantly improved water quality in the surface receiving waters. However, the Scats Stockpile, the Heap Leach and Old Plant areas, which can potentially produce acidic waters, enriched with heavy metals and arsenic, are the top management priority. Modelling of the potential transport of contaminants in groundwater needs further investigations. A detailed examination of the waters in seepage sumps showed high concentrations of manganese, cobalt, nickel and selenium, which were previously overlooked. The study also showed distinctive chemical signatures for waters at different locations: the waters draining from scats, supergene materials and waste rocks have distinctly lower pH and higher concentrations of dissolved iron, sulfate, heavy metals, Mg, Mn, U, Se and As. While, the tailings sumps are more alkaline, and are enriched in Na and Cl. The southern tailing sump is characteristically As rich. The waters draining from the supergene materials have higher Cu concentrations. Assessment of the cover monitoring systems showed that although covers pass the design criteria, automated recording of data may ignore any failure of the monitoring system. Recalibration of the moisture sensors not only showed realistic moisture values compared to rainfall data but also showed that the permanently installed system records values that are higher than those of the mobile system. Event-driven recording of data overlooks infiltration events. Besides, with a higher time resolution (daily measurements) the breakthroughs could be clearly detected. Modelling of the water balance in covers is underway and an example is given here. Newmont is currently reviewing water management options and is willing to share the lessons learned.

Jan 1, 2006

Laboratory high tension roll separation and the commercial machines available for this purpose are discussed. The shortcomings of these machines are indicated and a machine that overcomes some of these undesirable character- istics is described. A procedure for evaluating laboratory high tension roll separation is described. The use of this evaluation procedure in conjunction with the laboratory separation is described with examples taken from the Dunwich and Hexham processing plants of Associated Minerals Consolidated Limited. Evidence that laboratory testwork results may be directly transposed to operating plants is given. A discussion of the effects of variables in high tension roll separation of mineral sand concentrates concludes the paper, and uses in support results obtained in the metallurgical laboratories of Associated Minerals Consolidated Limited, Southport, Queensland.

Jan 1, 1972

There are still vast areas of Australia in which either the hydrocarbon potential has already been indicated but from which no hydrocarbons have been produced or else are completely untested. Despite the lack of recent new oil discoveries, it is anticipated that initial gas discoveries in these areas will be followed by oil discoveries as has happened historically. General exploration activities are continually providing new information that is being input to update previous hydrocarbon assessments for Australia, and all indications are that future exploration efforts will discover a lot of gas, some small oil pools and there is a chance to prove a major new oil province. Because of this, it is anticipated that reserves growth will continue at the average historical rate of about 200 MMB/year until the year 2000. The most frequent scenario will be costly exploration resulting in small oil discoveries and high development costs. This, in the past, has resulted in low profitability for Australian oil exploration, but windfalls for the Australian government.

Jan 1, 1981

By B Powell

Coastal acid sulfate soils (ASS) are wetland soils and unconsolidated sediments that contain iron sulfides which, when exposed to atmospheric oxygen in the presence of water, form sulfuric acid. ASS form in protected low energy environments such as barrier estuaries and coastal lakes and commonly occur in low lying coastal lands as Holocene marine muds and sands. When disturbed, the iron sulfides in these soils can oxidise and produce large volumes of sulfuric acid (essentially similar chemistry to acid rock drainage with mines) resulting in the subsequent release of toxic levels of iron, aluminium, manganese and possibly heavy metals. This results in detrimental effects on aquatic biota, plants, animals and steel/concrete structures and on human health in the surrounding environment. There are an estimated 2.3 million ha of ASS located along 6500 km of the Queensland coastline. In contrast to many mineral sulfides encountered in the mining industry, the pyrite crystals in ASS can be as small as 2 mm and commonly occur as framboids with extremely large surface area per unit mass, substantially increasing their reactivity if exposed to air (oxidation). Highly reactive iron monosulfides can also occur, particularly in drains and shallow lakes. Many coastal areas, where some 80 per cent of the population of Queensland reside, are coming under pressure for agricultural and urban development. Construction of canal estates, marinas, housing/industrial estates, roads, golf courses, aquaculture ponds, sand/gravel extraction and drainage for sugar cane can disturb ASS and release sulfuric acid, which may then drain into adjacent waterways with heavy rain. As development continues to encroach on coastal lowlands, the identification, quantification and management of ASS must be addressed as part of a commitment to the principles of Ecologically Sustainable Development (ESD). ASS can be successfully managed by adopting best practices and following guidelines, but government, community and industry must collaborate to raise awareness, avoid æhot spotsÆ and develop more cost-effective solutions. Scientists led the education and public awareness program showing infrastructure and environmental damages arising from ASS in Queensland. Using results from mapping and research, they convinced policy makers, industry and polititians to accept the need for legislation founded on good science. The resulting æState Planning Policy 2/02: Planning and Managing Development Involving Acid Sulfate SoilsÆ identifies the StateÆs interest in acid sulfate soils. The Queensland Government considers that development involving acid sulfate soils in low-lying coastal areas should be planned and managed to avoid potential adverse effects on the natural and built environment (including infrastructure) and human health. SPP 2/02 states where the policy applies and when a development application will trigger the policy. It can also be used to assist local governments in preparing their planning schemes under the æIntegrated Planning Act 1997Æ. The SPP 2/02 comes with a æState Planning Policy 2/02 GuidelineÆ to provide advice and technical information on interpreting and implementing the SPP 2/02. This guideline has legal status in assisting in the interpretation of SPP 2/02. Those seeking more detailed technical information can now also access the æSoil Management GuidelinesÆ and ASS æSampling GuidelineÆ, available from the Department of Natural Resources and Mines website. These are some of a series of chapters being developed for the æQueensland Acid Sulfate Soil Technical ManualÆ.

Jan 1, 2003

By M Rafty, C Lane

Managing water is a key aspect of mining, whether a site is in water surplus or water deficit. Water in tailings storage facilities (TSFs) needs to be managed carefully to maximise the density of the solids, maximise the re-use of available water and to minimise the risk of water overtopping the spillway in the event of heavy rainfall. Developing a water balance models is a standard method for monitoring the major flows of water around a site. However, models created by specialist consultants are often overly complex and are not suited to being used by process plant personnel after they have been handed over to the mine operator. Models typically offer information on water management at the time that they are created, but then ‘sit on the shelf’ and offer no further insight or value for operating mines. Advisian has developed a customised water balance model for a mine in Sub-Saharan Africa, which can be adapted to other locations, to assist in managing water at the site and in particular to predict the current and future water level and volume in the TSF under various rainfall scenarios. The model was developed using Microsoft Excel and requires no specialist skills to operate. Site personnel enter in daily production, water transfer and rainfall data and then view the output dashboards to observe the current water level and volume, decant rates, licensed water abstraction and water supply versus demand. The output dashboards were developed in close consultation with the client to ensure that all of the relevant key performance indicators were included, from the perspectives of all the key stakeholders. This modelling approach focusses on the needs of the people who will actually use the model to actively manage TSFs with the need to involve the model developer as part of ongoing operations eliminated. The simplicity of this approach is now being embraced by other mine sites in Africa and Australia. CITATION:Rafty, M and Lane, C, 2018. Water balance management 101, in Proceedings Mine Waste and Tailings Stewardship Conference 2018, pp 485–490 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Jul 23, 2018

By S Hapugoda, M Peterson, A Haileslassie, A Poliakov, E Donskoi, L Lu

Most metallic iron in the world is produced in blast furnaces from different feed stocks – sinter, lump ore and pellets. Sinter is the main iron-containing feed to the blast furnace and can constitute up to 70–85 per cent of the total ferrous burden. As sinter quality is a key element for stable blast furnace operation, the textural, chemical and physical characteristics of the sinter are very important. Two major factors that affect sinter strength are mineralogy and porosity. This study utilised optical image analysis (OIA) to characterise sinter mineralogy, and the results were compared to those obtained by manual point counting under the optical microscope.Two major mineral characteristics of iron ore sinter are the presence of primary (unreacted) and secondary (derived from melt) hematite. Standard OIA, which is based on RGB thresholding, is not able to distinguish them as they have the same reflectivity; however, primary and secondary hematite in iron ore sinter have a different morphology. The CSIRO-developed OIA software Mineral4/Recognition4 has a unique feature to identify various textures/morphologies of the same mineral. Together with other capabilities of the Mineral4/Recognition4 software, this feature was used to identify different types of hematite and silico-ferrite of calcium and aluminium and other common sinter phases, such as magnetite, larnite, glass and remnant aluminosilicates.A visual comparison of the sinter mineralogy present in optical photomicrographs and that present in the mineral maps created automatically by the Mineral4 module of the CSIRO software confirmed the accuracy of the automated mineral identification.CITATION:Donskoi, E, Hapugoda, S, Lu, L, Poliakov, A, Peterson, M and Haileslassie, A, 2015. Advances in optical image analysis of iron ore sinter, in Proceedings Iron Ore 2015, pp 543–548 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Jul 13, 2015

In this year marking the centennial of the Geological survey of Western Australia, it is appropriate that we should review the value of the contribution of the Survey, and Australian Geological Surveys in general, to the exploration industry. Most geological surveys in Europe and North America had their origins in the first half of the 19th Century when the burgeoning Industrial Revolution was demanding the identification of new sources of coal and iron ore. Australia, as a young nation, essentially dependent on an agricultural and pastoral industry, and with already discovered vast coal resources in Eastern Australia, had, no great need to explore for new mineral resources. However, with the discovery of gold in 1851, the mineral potential of the country became apparent to the whole world and the first Geological Survey in Australia was set up in 1852 in Victoria under A.R.C. Selwyn. After a number of false starts all Australian States had an established Geological Survey by 1900. It is hard to assess the contemporary value of the early work of the Geological Surveys with respect to exploration, almost all major mineral discoveries were made by prospectors and most mining companies had little time for geologists - although the Chamber of Mines in Western Australia in 1910, did recommend that the Geological survey be granted an additional ten thousand pounds over two years to map all existing goldfields and the country between them, and produce a reconnaissance map of the area east of a line between Wiluna and Edjudina as far as the South Australian border!

Jan 1, 1988

The total cost of horizontal development can be minimised by optimising the cost of each of the component operations (eg drilling, blasting, etc). Component costs should not be minimised. To optimise blasting results (ie the mean advance per round, muckpile characteristics and overbreak), operators need to optimise the blast design and drilling and blasting procedures. The costs of pulling extremely long (say >6 m) rounds, producing unnecessarily fine fragmentation, and minimising overbreak are excessively high. Operators should continually consider how they can shorten the cycle period by saving time at the face. To enable it to be matched to the pertinent rock properties, the blast design needs to be based on as much relevant experience as possible. To develop the most valid correlation between blasting results and blast design, the latter must be implemented carefully and accurately, but without sacrificing speed excessively. The total cost can often be reduced by using: 1. computer-controlled jumbos (to reduce the period and cost of drilling and to increase drilling accuracy); 2. larger diameter (51 mm to 64 mm) and longer (4.5 m to 6 m) blastholes; 3. at least three large diameter ( ¦89 mm) relief holes that are 0.2 m to 0.3 m longer than the blastholes; 4. explosive products that are selected on the basis of proven reliability and overall cost efficiency rather than price; and5. stemming (to increase the amount of effective work done by each kilogram of explosive and, hence, to reduce the powder factor and possibly the number of blastholes and the costs of drilling and initiation). Non-perimeter blastholes should be charged with ANFO or a bulk emulsion of established performance. Upper perimeter blastholes should be charged with a bulk explosive with a much lower effective density. But where geology varies considerably, greatest control over overbreak could possibly be achieved with the versatile pre-assembled charge shown in Figure 1. This paper presents numerous potential ways in which the total cost of development can be minimised. It concentrates on recommending blast design features and the safe, rapid, cost-effective implementation of designs.

Jan 1, 1998

At Cliffs Natural Resources Ltd (CNR) crushing and shipping sample stations, precisions are estimated for the sampling, preparation and measurement stages of iron ore sampling in accordance with ISO 3085 (2002). In this Standard, gross duplicate samples are prepared at each of the three stages, yielding eight measurement assays. Appropriate calculations of the differences between assay pairs are then made to estimate precision of each stage of sampling. The International Standard for checking precision in iron ore sampling, ISO 3085 (2002) prescribes a method for identifying outliers that is ambiguous and possibly inappropriate. The procedure also makes an unnecessary implicit assumption, that the differences between assay pairs are normally distributed. The Anderson-Darling statistic is used to demonstrate that in some cases the assay pair differences have distributions significantly different from normal. When applied at CNR as specified, the Standard leads to precision estimates well below the expected values, thus overestimating the sampling method's capability and limiting the opportunity for real process improvement. This paper suggests an improved method of estimating sampling, preparation and measurement precision. A bootstrap procedure is used to estimate confidence limits for the calculated precision estimates. The proposed method would be suitable for testing blasthole precision. The discussion is supported by extensive simulation modelling of realistic data.

Mar 1, 2010

The importance of the accurate determination and interpretation of the bulk density and porosity of a given iron ore deposit is very often disregarded or neglected. Large amounts of time and money are spent on delineating and testing orebodies, and yet one of the most important factors in resource evaluation is sometimes estimated or, at best, determined from existing data from similar deposits. The Thabazimbi and Sishen South iron ore deposits are two well-known economical occurrences of high-grade iron ore in South Africa. Both these deposits formed as secondary enrichment of banded iron formation lithologies. Ongoing density studies on both these deposits are underway and results thus far proved very effective and necessary. Small-scale methods are used to determine average values for different ore types on both deposits. These values are used in resource estimation and geophysical interpretation.

Jan 1, 2007

I find that during the short time I have been in this district, the majority of boilers are, and have been, receiving very bad usage owing to the difficulties which they have to contend against, viz., oil and bad water. Oil on the heating surface of a boiler is of a highly dangerous nature inasmuch as it allows the surface to become overheated, owing to the water not coming into direct contact with the plates, and it naturally follows that when the crown sheets of a flue or firebox become overheated, you lose a considerable amount of the strength of the plate, and the flue or crown comes down. Referring to the oil question, I find that too much care cannot or exercised on the part of engine drivers in order to minimise as much as possible the internal lubrication of the various engines under their control. For I consider that it is here that the most of the trouble is caused. My reasons for stating such to be the case, are:-That the majority of enginedrivers before coming to this field have been used to driving engines that have been exhausting into the atmosphere, and probably they have been taught that it is far better to use a little extra lubrication than to have a hot bearing. So far so good. But one thing that must not be overlooked is that on these fields the conditions are altered in this respect, as the majority of engines in this district are not exhausting into the atmosphere, but are condensing their exhaust steam and using the water so condensed for feed purposes.

Jan 1, 1901

By C Vejrazka1

The occurrence of airblasts is one of the principal mining hazards in caving operations between the time of cave establishment and breakthrough of the cave to surface. As such, it needs to be managed continuously and risk assessments need to be reviewed on a regular basis for applicability to changing conditions. The likelihood of an airblast occurring is based on a range of geotechnical factors over some of which engineers on-site only have limited control. However, the impact of an airblast to the underground mine, if it does occur, can be managed by following established safety guidelines for the production from the cave.This paper outlines how the Caving Airblast Simulation Tool in Ventsim was used to determine a risk management strategy for a sublevel and a block cave at a mining operation in Australia. The block cave has a footprint of 14 500 m2 with the extraction level located 1250 m below surface while the sublevel cave currently has a footprint of around 18 000 m2 operating between 660 m and 800 m below surface. Both caves are currently in their early operational periods. The risk analysis provided valuable information for the production planning of the caves including confirmation of extraction ratios for the block cave undercut, locations of airblast walls and maximum allowable air gaps for different muck pile heights to ensure safe operation is achieved.

Oct 12, 2022

By P Kittler

In the spectrum of mining-related disciplines, geometallurgy sits between resource geology and metallurgical engineering. Unlike its neighbours, it is a relatively young discipline and its concepts, procedures and techniques are still evolving. Relevant geometallurgical issues differ from one deposit to the next so there is no single template that can be used in all situations, meaning that geometallurgy programs are nearly always customised and tailored to the deposit and the situation.Over time, a number of key mistakes are seen to emerge regularly. The eventual impact of these mistakes can vary from suboptimal performance of mine and plant to complete failure of the operation. For instance, poor characterisation of ore lithologies and their spatial distribution can have negative impacts on processing plant throughput. However, when combined with failure to identify critical blending constraints it can result in a totally inoperable plant.A number of common mistakes committed during geometallurgical programs are discussed and some preferred alternative approaches are suggested

Sep 5, 2011

By Hammond J. R, Ward T. A

The Tom Price orebody, in the Hamersley Ranges of North West of Western Australia, is mined by Hamersley Iron Pty. Limited. The orebody is a folded sequence of hematite and shale bands capped with goethite, with a con- sequential variable iron content. The overall grade is below that required to yield spec- ification product, necessitating selective mining, 'Zone Plans' based on geological structure have been developed to yield forward information on material types and grades. Short and medium term mine plans - the initial stage of quality control - are based upon these 'zone plans'. Blasts are laid out to break to the grade boundaries, thus minimising dilution, and the samples taken from the blasthole cuttings provide blast grades. Blending of shovel out- put from different blasts forms the operational basis of grade control. Shales, being more friable than hematite, produce fines that are lower in iron grade than lump. Quality control in the mine centres around maintaining the target fines grade, compensation being applied in the mine if the fines grade lies outside the target range.

Jan 1, 1973

By R Berry

This paper looks at two ways to estimate the bulk mineralogy of the rocks for assay intervals. The aim is to find an efficient indicator of the most common minerals in the rock. Phase (modal) analysis has traditionally been done using visual methods such as point counting and image analysis. A modern version of this process is the X-ray point counting routine using the SEM-EDS based software. These methods are too slow and expensive for routine analysis of bulk sample mineralogy at the normal assay spacing.Two sources of data were considered that provide information that can be used to determine the mineral abundance in assay samples. The most widely applied method is (semi-) quantitative X-ray diffraction (QXRD). The QXRD method is most applicable to major minerals and has limited application to minerals at low abundance. The nominal detection limit is 0.5 per cent. Values below five per cent have large errors. A second, less common, method is calculation of mineralogy from chemical assay data. Conversion of chemical analyses to mineralogical analyses depends on the unique chemical composition of each mineral. Elements only found in one mineral are easily accounted for, but many compositions are ambiguous. Deciding on the actual mineralogy is not simple. Recalculation of mineral mode from chemical analyses is more accurate than QXRD when the correct minerals, and mineral compositions, are known.Where only a few QXRD analyses are available they can be used to setup a protocol for calculation of mineralogy from assay data. Linear programming works well in this environment. The best results are obtained when both H2O and CO2 are directly measured. Loss-on-ignition (LOI) should be included if these are not available.Where both QXRD and chemical analysis are available for all samples, the best results are obtained using the least squared method to merge the data sets assuming QXRD has much higher analytical errors than chemical assays. The combined method provides more robust results because the high abundance minerals are controlled by the QXRD measurements while the chemical assays improve the precision for low abundance minerals

Sep 5, 2011

The theme of the conference this year is diversification. One way to diversify is through acquisition. The principle underlying the winner's curse is that in competitive bidding situations where the value of the asset bid for is uncertain the winning bid will overstate the true value of the asset. The successful bidder is blessed with the winner's curse. What this paper will explore is to what extent this is true; how acquirers can avoid being blessed with the winners curse; and show how joint venture deal structures are used within the mining industry to avoid the winners curse.

Jan 1, 1996