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The ""comparable sales"" method of valuation attributes value to an asset by reference to actual sales of comparable assets or to the market capitalisation of companies with comparable assets. This methodology is widely used in real estate valuations. The real estate approach can be used to value mining and exploration properties where there are actual sales of comparable or similar assets in the recent past. The practical limitations of the comparable sales method are well known and self evident: limited number of transactions, limitations on comparability and inadequate data. The real value of the comparable sales method is in its use as a validity check. Estimates of value of mining and exploration assets are so sensitive to so many variables that all valuation methods have limitations. Accordingly there is real value in attempting to establish benchmarks from comparable sales. Apparently sophisticated valuation methods can mislead by creating the impression that valuation is a precise science. The judgement of the valuer is critical and judgements can be wrong. Any available evidence from actual sales that are even remotely comparable can provide useful input to the valuation process.

Jan 1, 1994

By Kissell F. N, Thimons E. D

The Bureau of Mines used sulfur hexafluoride (SF6) tracer gas to evaluate the effectiveness of gob ventilation and/or sealing practices at three coal mines, each having different problems associated with their mined- out areas. The purpose of these ventilation studies was to better understand whether current techniques employed for ventilation or sealing are successful at minimizing the potential for gob fires and explosions. The work performed at each mine is discussed: One is a longwall operation that uses ventilation to carry off hazardous gases, and two are room- and-pillar operations, each with far different concerns, that seal off the gobs to isolate them from the main mine ventilation. In all cases, employment of the Bureau's SF6 tracer gas technique resulted in answers to questions raised by the mine operators concerning the effectiveness of their gob ventilation or sealing practices in preventing mine fires.

Jan 1, 1988

Most types of nuclear power reactors use uranium dioxide fuel. Power reactors using natural uranium dioxide'fuel are of special interest to countries such as Australia that have their own uranium supplies. A wide range of uranium dioxide powders can be fabricated and the ideal one flows readily, presses without the need for binders or lubricants, sinters to the required density and gives low reject rates at all fabrication stages. Sinterable uranium dioxide is usually produced via the ammonium diuranate route. The A.A.E.C. is aiming to demonstrate production of nuclear grade uranium dioxide from Australian concentrates, improving technology where possible. Details are given of the dissolution, solvent extraction, precipitation, filtration, drying, and calcination-reduction steps. Solvent extraction from sulphate media is also under study with a view to developing a process to produce a nuclear grade product at the mine treatment plant site,

Jan 1, 1969

By Messenger A. J, Miles J. G

A thermal neutron irradiation technique using a mCf neutron source has been developed and applied to thp.simultaneous determination of iron and aluminium (expressed as AI2O3) in iron ore fines (-6 mm particle size) on a moving rubber conveyor belt.While the determination of iron with this technique is based on the use of a NaI(TI) detector to monitor the characteristic prompt gamma rays (7.64 MeV) emitted by thermal neutron capture reactions in the iron, the etermination of AI2O3 is based on the use of a second Nal(Tl) detector to monitor the characteristic gamma rays (1.78 MeV) emitted after thermal neutron activation of the aluminium. The second detector is located downstream from the first. Although the speed of the conveyor belt has no direct effect on the iron measurements, it must not exceed about 3 m/min if good accuracy is required for the AI2O3 measurements. Consequently an auxiliary conveyor belt is required in order to avoid interference with normal ore processing.Dynamic trials of the technique, using 1500 kg samples of ore on a 460 mm-wide rubber conveyor belt moving at 1.7 m/min, have demonstrated that the method can achieve accuracies of 0.7% Fe and 0.1% AI2O3. At the present stage of development, it is recommended that lump ore be crushed to a particle size of 6 mm before analysis.In addition to iron and AI2O3 determinations, measurements of total moisture content and bulk density are possible. The determination of Si02 is also feasible, but a separate fast neutron source (e.g., Am-Be) and a separate gamma ray detector are required.

Jan 1, 1980

By Vilela A. C F

In the present work, the process of dephosphorisation of stainless steel was developed in laboratory scale by adopting a high frequence induction furnace, using BaCO3 base flux. By using BaCO3 - CaO - BaC12 - Fe2O3 Flux of about 110 g/Kg-metal, 30 per cent dephosphorisation degree was obtained a stainless steel containing 18,8 per cent Cr and carbon between 0,08 and 2,0 per cent. In addition, a dessulfurisation degree of 89 per cent was achieved too.

Jan 1, 1991

Three main divisions of the Proterozoic are recognized in the North-West Division of Western Australia. These are referred to, in order of decreasing age, as the Mt. Bruce Supergroup, the Bresnahan Group, and theBangemall Group. The stratigraphy and distribution of each is described, their relative ages discussed, and a brief geological history of the whole area is presented.

Jan 1, 1966

By Gillies A. D S, Lee A. H

The major operational objectives of a mine water resource management system (WRMS) are to supply the water needs of the mine and mill, to minimise disturbance to mining due to rainfall flooding or seepage and to dispose of excess water. Historically, company management have placed a significantly lower emphasis on managing the WRMS as compared to managing production. Changing Government legislation concerned with the disposal of water from mine sites is, in many cases making mining companies look more closely at how they manage their water. For example, within the next few years it is likely that prior to mining approval by the Government, mining operations will have to submit water management plans/budgets and contingency strategies in addition to operational plans. While the formulation of a comprehensive water management plan/budget is an additional cost to the company at the mine establishment stage, such plans can be beneficial to the operation in the longer term.The two keys for the efficient design, operation and development of a WRMS are the establishment of written goals which have managerial priority and secondly, access to appropriate good quality data. Managerial priority towards the WRMS will increase as a consequence of the education of mine operators in the benefits to the operation of good WRMS management or less desirably as a requirement to meet Government legislation. The collection of appropriate WRMS data is a more complex issue and to obtain information efficiently and cost effectively relies on the clear definition of the data application.

Jan 1, 1992

Sampling and analysis of mineral deposits need to be executed without fear or favour of financial or personal impacts. Examples are given to illustrate the effects of departures, witting and unwitting, from correct use of appropriate techniques and/or equipment with emphasis on exploration and mining of porphyry copper deposits of the Pacific Rim. Some of the results of errors on the low and high sides of true value in exploration, resource or reserve estimations and in production caused by sampling and/or sample preparation mistakes, faulty practices, equipment and/or analysis are considered.

Jan 1, 2004

By Lunarzewski L, Truong D

Although there are sound principles used in the world recognised methods of gas emission prediction, results based on these methods applied to several Australian longwall extractions have yielded unacceptably high discrepancies. With the development of mining in new seams and at higher rates of extraction, the need has grown for a methodical approach to predicting gas emission levels specifically for local Australian mining conditions. Such an approach is developed from results of recorded emission readings during longwall mining at Appin and Pacific Collieries over the past 6 years.

Jan 1, 1988

Successful management is ultimately measured by return on shareholders' funds. This is the inescapable and inexorable discipline that ultimately rules every investment. Shareholders today are predominantly, and increasingly, the superannuation funds and insurance funds of almost all of us. We have already reached the situation in Australian investment history in which the best interests of employees can be very directly identified with the best interests of the owners of the capital invested.

Jan 1, 1992

Cable bolts have been used extensively in the development of the footwall of the Mt Whaleback Mine as a part of the ground improvement program since 1986. High tensile seven wire stress relieved steel strand similar to that used in pre-stressed concrete and grouted in place with sulphate resistant cement have been employed for rock-mass reinforcement.Most of the footwall is developed in Mt McRae Shale which contains a 20 m thick pyritic shale layer 14 m below the ore/waste contact. Due to extensive folding of the footwall rocks, the pyritic shale layer regularly occurs on, or close to the pit slope. Rain water run-off seeping through pyritic shale becomes acidic to the extent where its pH value can be as low as 1.5.

Jan 1, 1992

When it comes to structuring major mining contracts, the two most widely adopted formats are æmeasure and valueÆ and æcost-plusÆ. A problem with both of these formats is the difficultly of aligning the objectives of the mining company with those of the contractor to achieve mutually beneficial outcomes. An alternative contractual arrangement is for the mining company to enter into an Alliance arrangement with the contractor, linking remuneration to mine performance across a range of targets. These targets can change over time as operational requirements change.   The aims of this paper are to: +        outline alternative types of mining contracts, as well as their strengths and pitfalls; +        describe the philosophy behind the Alliance contract at Newmont Waihi GoldÆs Favona underground mine; and +        identify some of the keys to success and pitfalls to avoid when implementing an Alliance.

Jan 1, 2007

The Effects of Collector and Grinding Environment on the Flotation Selectivity of Rosh Pinah Pb/Zn Ore

Sep 13, 2010

Pilot-Scale Study of Deep Cone Thickener for Phosphatic Clay Dewatering

Sep 13, 2010

By Visnovsky

The computing needs of a mine planning office vary greatly depending on the staff available and the nature of the work undertaken. Some offices work acceptably with few aids apart from hand held calculators while others use mainframe computers with associated data bases and sophisticated mine planning software. Not every mine planning office requires the big system approach but all can benefit from the intelligent use of small computers. There is virtually no limit to the design problems which can be solved using modern desktop computers. The simple language required encourages engineers to work interactively to facilitate both large and small computations. However a limit does exist in the speed and ease with which solutions can be obtained. The important ingredients for the successful application of such machines are a little computing knowledge, a flexible machine, and an engineer who really understands the mining problems confronting him. If these are available it is possible for the engineer to tailor the program to the task at hand and efficiently achieve the required result.

Jan 1, 1983

By Hainsworth D, Winstanley G, Gurgenci H, Corke P

Past experience has shown that the automation of the dragline swing motion requires real time monitoring of the bucket position. A current project at the Centre for Mining Technology and Equipment (CMTE) is aiming to achieve this using machine vision. The hardware platform is a Datacube MaxVideo 200 system. The images are obtained by a fixed camera installed on the dragline boom. The field of view is large enough to include the bucket in all possible configurations. Standard chain coding and run-length coding algorithms are used to process the video image. The three-dimensional bucket position is calculated by combining the output of the machine vision system with the rope length data obtained from transducers installed on drag and hoist drums. This information is then fed into a control computer which takes corrective action to suppress bucket oscillations before they reach dangerous levels.

Jan 1, 1995

The development of computers is examined in the context of the mining industry. The risk element is given as a reason for the slow introduction of the computer into mining. Dealing with mining's uncertainty is seen as a major role for computers. The use of computers is traced from early accounting applications to current involvement with all aspects of mining. The problems associated with increasing use of computers and their impact on management is discussed in depth. Disenchantment of management is thought to arise from unfulfilled expectations. Contributory causes are given as overselling of computers, reaction against change, speed and growth of computer technology. The solution is seen to lie in a more dominant role for user management in the development of computer systems and greater emphasis on education. The computer of the future will then become integral to the mining process as an extension of management's planning and control function.

Jan 1, 1974

Management of Mining Wastes in European Union and Developments in Turkey

Sep 13, 2010

In order to see the sand mining industry in the context of the coastal plain environment, the following points are noted. The coastal plain comprises several different geomorphological and ecological entities, some or all of which may be profoundly different from their condition before European colonisation, Sand mining is only one of a number of competing land uses which modify the environment of a given area. The frontal dune system in particular has undergone considerable deterioration and with the pressures of an ever increasing population, this deterioration will accelerate until an adequate control policy is Implemented.

Jan 1, 1971

Adsorption Effect on Multi-Heavy Metal Ions in Wastewater by Water-Washing Waste Saccharomyces cerevisiae

Sep 13, 2010