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By A A. Ndiaye, A Galli

In a companion paper on current hedging practices in the mining industry (Armstrong et al, 2009) we showed that contrary to popular belief, mining groups are still using financial derivatives to hedge against foreign exchange risk and interest rate risk, and more recently against adverse changes in energy prices, notably the oil price. This paper presents a case study on a hypothetical gold mine to illustrate the impact that hedging policies could have on its profitability by reducing the downside risk due to adverse changes in the exchange rate and increases in fuel prices. The characteristics of the hypothetical mine have been set to reproduce those of a real gold deposit, the Kisladag mine that is currently being exploited by open pit methods in Turkey. This mine was selected because its feasibility study was available to the public. Geostatistical simulations are used to reproduce the inherent uncertainty on the recoverable reserves û stochastic simulations are used to generate the variability of the other three key sources of uncertainty: the gold price, the cost of energy and the exchange rate. A simple strategy based on straightforward vanilla options (puts and calls) was developed for hedging the last two risks, on the assumption that the company sells its production at the prevailing spot price.

Jan 1, 2009

By Sehic O. A

Geology can be the root of evil or a source of bliss; there is a choice; to ignore geology is at a mine's peril.Risk can be minimised and profitability maximised by the application of a detailed understanding of geology, alteration, structure, mineralogy, chemistry, fabric and texture.Geology is dynamic, not static.The impact of geology is pervasive.The integration of ore quality control with grade control is one strategy for improving the utilisation of both the mineable reserves and existing plant and equipment. Grade maintenance is but one constraint on the problem of how best to blend the ore. Other ore characteristics such as mineralogy, hardness for grinding, and pulp fluidity or density for slurry size classification can be included to explore alternative blending Strategies.

Jan 1, 1993

Beneficiation of Iron Ore - Washing with Surface-Active Agent The stability of the dispersed phase in 10 wt per cent slurry of iron ore slime and fines was studied at pH 5 and different concentrations of surface-active agents. The behaviour of the dispersed phase of iron ore slime and fines is different for different surface-active agents. The improvement of iron value of slime and fines in the presence of surface-active agent is best realized at pH 8, where the Al2O3/Fe and Al2O3/SiO2 ratios in the concentrates are appreciably reduced. The polar functional group like -COO- interacts with hematite surfaces and forms outer- and inner-sphere surface complexes depending on the suspension pH and adsorbate.

Sep 13, 2010

By G Cormack

By designing comminution circuits for mineral liberation rather than the final recovery process and by using high mass pull gravity recovery, the concept of underground processing has become a reality. Gekko has found that many ores respond favourably to fine crushing with either high pressure grinding rolls or vertical shaft impactors which when combined with the InLine Pressure Jig gravity separator and coarse flotation results in a narrow, low-head, compact processing plant that can be sensibly fitted in existing underground openings. The focus on fine crushing reduces the power requirements of the plant to approximately 5 kWh/t for a capacity of up to 20 t/h run of mine ore feed. The use of water recycle systems places no extra load on the mineÆs normal water handling system. GekkoÆs underground processing plant, the æPythonÆ, has been designed to be towed down the decline or lowered down a shaft and is capable of being installed in sloping, non-linear drives for placement close to the working face. The overall benefit to mining companies of this concept has been estimated to be a significant operating cost-saving, lower cut-off grade and a significantly smaller environmental footprint.

Jan 1, 2008

By J M. Menacho, L Zhang, A Hoadley, L Verdugo, B Etschmann, W Bruckard

Since the introduction of Lithium-Ion Batteries (LIBs) in 1991, the market for lithium-ion cells has been driven by the high demand for portable electronic devices and more recently for batteries for the electric car industry. It is expected to grow rapidly to reach 2600 GWh globally by 2030 (US Government, Office of Energy Efficiency and Renewable Energy, 2021). However, there is a desperate need to recycle LIBs to recover valuable cathode materials and graphite. For this reason, several physical and chemical recycling technologies have been proposed to recover these materials from spent batteries. Amongst these, froth flotation technology is a potential cost-effective technology for separation of the graphite fraction from the lithium oxide components due to the natural hydrophobicity of graphite and density difference between graphite and cathode materials (Folayan et al, 2021).

Aug 24, 2022

By R Simonato

It is now recognised that rotary sample division is by far the best laboratory tool for extracting subsamples from a lot of material. In terms of sampling theory, rotary division, by virtue of the fact that it can extract many increments from the lot during the division process, radically reduces the variance due to distributional heterogeneity in the sample being divided. There are a number of occasions in sample preparation when it is necessary to extract a subsample of a target mass. To do this with rotary dividers taking a fixed fraction of the starting mass is a tedious task. In response to this problem, a variable split sample divider has been designed and built for the mineral industry. This paper discusses the utility of the device and presents test data showing that the machine is capable of making accurate mass split while overcoming segregation in the material being divided.

Jan 1, 2008

The purpose of this paper is to outline the basic policy problems for good community relations programmes in the resource extraction industries of Papua New Guinea. The main focus of the paper will be on defining and analysing those problems which lie on the landowner side and which are still not widely understood within the resource extraction industries despite several decades of turbulent experience. Many of the companies operating in the resource extraction industries of mining and petroleum and gas have in recent decades adopted, by choice or necessity, 'good corporate citizen' policies. Some of these companies now pursue ethical business, environmental and community relations policies. Some have adequately funded and well-trained staff in their community relations departments. Although different industry sites scattered over Papua New Guinea show significant differences in their experience of social conflict, I argue here that a good deal of this variation has less to do with the differences between the companies' public relations policies and their effectiveness and more to do with the conflict causing features of indigenous society. Experience suggests that even a company well-equipped with good intentions, good policies and good staff may experience serious difficulties in maintaining good community relations in Papua New Guinea. Many of these difficulties, I argue, can be traced to causes that lie, essentially, within the structure of Papua New Guinean communities and in the customs and social relations of Papua New Guinean peoples. Accordingly the attention of this paper is focussed on the conflict causing aspects of Papua New Guinean society. It is true, to the point of being a cliche, that Papua New Guinean societies are oriented very strongly towards achieving consensus and social harmony. In this regard Papua New Guinean communities differ significantly from, say, Australian communities. My purpose here is not to denigrate this aspect of Papua New Guinean societies but, rather, to point out that the drive for consensus is driven by the desire to avoid its opposite, dissensus. This paper sets out to define the dissensual aspects of Papua New Guinean societies and my special interest is in those conflict producing aspects of Papua New Guinean societies that are most resistant to the mechanisms that are designed to create social harmony. A survey of the recent history of industry and community relations in Papua New Guinea indicates that there are three main factors present on the landowner side which are liable, separately or through their interaction, to cause difficulties. These factors are respectively generational challenge, social boundaries and custom variability and I shall discuss each of these in turn.

Jan 1, 1997

The Porgera gold mine has made significant progress with the successful installation of a JK FrothCam image analysis system. The system is used to measure and control froth velocity on the scavenger circuit which has brought significant economical and operational benefits. The froth velocity signal, determined by analysis of the camera, is transmitted to the PLC that manipulates flotation cell airflow rate and cell level controllers to maintain a target froth velocity of 130 mm per second. Following on from a three-week trial installation in June 2000, a permanent installation was commissioned on the scavenger Outokumpu (OK150) tank cells. Further work is in progress on the rougher Wemco cells. This paper describes the evaluation of FrothCam Technology and its subsequent installation.

Jan 1, 2003

The Geological Survey of the U.S. Department of the Interior is primarily a domestic agency whose responsibility is furnishing impartial data and analyses to the public, private, and academic sectors of the Nation. The Survey concentrates on earth-science issues, such as mapping the land surface, determining the quality and quantity of water resources, estimating the nation's endowment of fuel and nonfuel minerals, and predicting and mitigating geologic hazards, such as those inherent in the tectonically active Pacific Rim. One of the challenges to managing this program is striking a sustainable balance between concentrating on the problems society wants solved today and investing in the research that seeds our vitality for the future. The Geological Survey's role in the Pacific results from the Nation's geography and the Nation's long standing interest in and commitment to the region. The longest segment of the U.S. coastline borders the Pacific Ocean, one of our states is a Mid-Pacific island chain, our lands are 80 degrees--nearly one-fourth--of the Pacific perimeter, and our Exclusive Economic Zone (EEZ) underlies significant parts of the eastern, northern, and central Pacific waters. Thus, the program of marine and terrestrial science operating in these areas make substantial contributions to the world's growing understanding of the Pacific realm.

Jan 1, 1990

By H Susanto, N Belluz, D Flint, A Edw

The Deep Ore Zone (DOZ) is a block cave mining operation exploiting a diluted reserve of 131 million tonnes grading 1.06 per cent copper and 0.81 g/t gold in the lower portion of the Ertsberg East Skarn System (EESS). The EESS is a calcium-magnesium silicate skarn containing in excess of 250 million tonnes of copper-gold ore, located in the Ertsberg Mining District on the crest of the Jawawijaya mountain range in the highlands of Irian Jaya, Indonesia. The EESS was discovered in 1968 where it cropped out at an elevation of 4050 metres above sea level. The Ertsberg Mining District is underlain by siliclastic carbonate and siltstone formations of Jurassic to Tertiary age. The sediments have been folded and are cut by major bedding subparallel and crosscutting structures. Intrusion of a series of igneous bodies post-dates folding and faulting. These I-type intrusions are the source for the copper-gold mineralisation found in the Ertsberg Mining District. The EESS is hosted by carbonates of the Tertiary Waripi and Faumai Formations that have been altered to calcium-magnesium silicate skarn and is situated on the southern limb of a northwest-trending syncline. The EESS is an essentially vertical tabular body with a vertical extent of at least 1200 metres and a lateral extent of up to 1000 metres. The width of the EESS averages 200 metres and locally is in excess of 300 metres. The northeast (hangingwall) contact of the EESS is a skarn reaction front in sudden contact with barren marbles. This contact coincides with a zone of localised faulting and brecciation. The EESS is bounded to the southwest (footwall) by the Ertsberg Diorite, a 3.25 Ma old intrusive. The DOZ block cave operation extends from 3040 metres above sea level to a maximum of 3388 metres above sea level, has a length of 860 metres and a maximum width of 350 metres. The DOZ is a high temperature skarn with a prograde forsterite/diopside mineralogy whose protolith is the dolomitic Tertiary Waripi Formation. The principal retrograde alteration minerals include tremolite, actinolite, serpentine, talc and chlorite. Grade is highest where bornite occurs in large dense complex intergrowths with magnetite and anhydrite. Grade has been locally enhanced in the DOZ by a late-stage pyrite-chalcopyrite hydrothermal alteration event with associated brecciation. Ertsberg Diorite along the footwall of the skarn is also included in the reserve where it is mineralised endoskarn or has been mineralised by porphyrytic or late stage hydrothermal alteration. Formation of the EESS was initiated by contact metamorphism during the intrusion of the Ertsberg Diorite with later metasomatic alteration during both prograde and retrograde phases. The bulk of sulphide mineralisation formed late in the retrograde phase. The EESS is open along strike to the northwest and down-dip with on-going exploration of these areas. Current exploration is targeting both endoskarn and porphyry style alteration and mineralisation of the Ertsberg Diorite.

Jan 1, 1999

The Effect of Bulk Iron Concentration on the Copper Activation of Sphalerite at pH 9

Sep 13, 2010

By McKendry J. B

Gretley Colliery is situated at Wallsend, a suburb of Newcastle in New South Wales and is owned and operated by the Newcastle Wallsend Coal Ccnpany, a wholly owned subsidiary of Peko Wallsend Limited. The mine has been an efficient bord and pillar producer by industry standards. However, its continued economic viability was threatened because the bulk of remaining reserves lie in more difficult mining conditions and are of poorer quality. Alternatives were examined to improve productivity and allow Gretley to become more competitive in the current difficult market Environment.

Jan 1, 1988

A minimum target of economic growth in Australia has been set at 5% per annum growth in G.N.P. at constant prices (Vernon Committee). 2. The core of the problem of sustaining steady growth at this or a similar rate is to ensure regular flows of investment. This sustains productivity, helps to control balance of payments pressures, and to check inflation. 3. The regular intake of human and physical resources, in conjunction with intensive capital development involving finance, technology and management, is basic to sustaining the growth rate and ensuring rising standards of living.

Jan 1, 1971

It is a well known fact that the best method of rock reinforcement is to avoid physical ground support. This goal can be achieved by means of: - Increasing the rock structural strength - Geological definition and forecasting. - Sequencing the excavation - Smooth blasting In many cases however, extra ground support is needed in order to maintain safe working conditions. In an open pit, the structural strength of rock cannot be increased by lowering the pit walls due to economical reasons. Economy demands steeper walls and less waste to be hauled to the dump. The geological conditions can also often be extremely poor and unpredictable. For excavation sequencing and smooth blasting there are good possi- bilities, such as cleaning of the pit walls after the main excavation, arul- ing of long small diameter straight inclined holes, use of smooth blasting techniques and lightened explosives.

Jan 1, 1989

By R Shrimali, P Rajmeny, L Shekhawat, A Joshi

Rampura Agucha open pit mine has successfully been excavated to a depth of 320 m, incorporating multistage working. The key to success is the implementation of presplitting as control blast measures at every stage of mining, including intermediate cut backs, in addition to the final wall. The major challenges encountered in establishing presplitting in the hang wall as compared to the footwall of the mine are:reversely dipping foliation, ie dipping into the hang wall itselfstriking obliquely at an angle of 20–30° with regards to the general strike of the pit wallthe presence of numerous geological planes of weaknesses like major faults, slips, etc.Control blast parameters like hole inclination, spacing and stand-off with buffer row were chosen initially from the literature survey and were subsequently fine-tuned by field trials to the mine geo-mining conditions of the hang wall. Electronic initiation used for trim blasts along with double presplitting in fault-affected zones helped in getting better presplit performance and resultant stability of the hang wall.CITATION:Rajmeny, P, Shrimali, R, Shekhawat, L and Joshi, A, 2015. Establishing the design parameters of a control blast for long-term stability of the hang wall at Rampura Agucha Mine, in Proceedings 11th International Symposium on Rock Fragmentation by Blasting, pp 437–446 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Aug 24, 2015

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

Variety among deserts is nearly as great as among other climatic environments. Common to most deserts, and to areas downwind from them, is the dominance of aeolian transport of surface material, at least during some seasons of the year. The result is dilution of local surface materials with varying proportions of chemically uniform fine sand and silt, often imported by the wind from remote areas. Fortunately, desert pavement,.even though separated from bedrock by a meter or more of nearly pure loess, is simply a diluted reflection of nearby bedrock. Infiltration of loess through the surface debris and the rudimentary soil-forming processes in the desert usually preserve the integrity of the pavement. This pavement, or its "downstream" derivatives, provides a suitable sample for exploration geochemistry if proper care is taken to circumvent the aeolian dilution. The simplest and most commonly used method of circumventing the dilution is to use a coarse fraction of soils or stream sediments, discarding or retaining the finer fraction depending upon the magnitude of the dilution. Where the coarse surface debris is composed of rock chips representative of the bedrock sources, the method is successful. Under most circumstances the coarse fraction of the surface material will give a fair representation of gross lithology and will occasionally give an indication of mineral- ization. The major drawback to this approach is that selective weathering and erosion in the vicinity of mineral deposits often lead to the loss of ore minerals into the finer fraction, leaving a coarse residue enriched in feldspar and particularly in quartz; thus, the geochemical signature from a mineral deposit is effectively reduced or completely masked. The second most commonly used method to overcome aeolian dilution, and probably the most effective at present, is to use a heavy- mineral concentrate. This approach presupposes that the chemical signature sought resides in a heavy mineral. Fortunately, the arid weathering cycle is conducive to the formation of a wide variety of secondary ore

Jan 1, 1988

By R Skirrow, E Bastrakov, A Mauger, P

A new rapid spectroscopic core and chip logging and imaging system developed by CSIRO was evaluated by PIRSA and GA on a wide variety of mineralised properties in South Australia, including the Emmie Bluff, iron oxide copper-gold-style prospect on the Stuart Shelf. During a three-month campaign in South Australia in 2003 the system logged over 50 000 metres of core from the State Core Library, company prospects and mines. The new system uses automated core tray handling, continuous visible and infrared spectroscopy, and digital imaging, to characterise and identify dominant mineral species on core, chips and pulps, at spatial resolutions of ~1 cm (spectral data) and ~0.1 mm (image data). The system can log up to 1000 m of core per day and several thousand metres of drill chips. Mineralogy is pre-interpreted using specialised identification software trained on a selected suite of minerals showing characteristic absorption features within the measured spectral range. On core from the Emmie Bluff iron oxide copper-gold prospect, 470 km NW of Adelaide and 80 km SSE of the Olympic Dam Cu-U-Au deposit, the spectral mapping system was able to characterise a number of alteration zones enveloping the sub-economic Cu-Au mineralisation. These consist of distal white mica phases showing decreasing Al content towards mineralisation, a zone of increased iron oxide content in the hangingwall to mineralisation, and a zone proximal and coincident to Cu-Au mineralisation that is enriched in chlorite with variable Mg/Fe chemistry. Additionally the results show background spectral characteristics that mimic the magnetite distribution.

Jan 1, 2004

Significance of Ion Interactions in Flotation in Saline and Brine Solutions

Sep 13, 2010

By Adams R. W

A commercial scale strong acid leaching plant was commissioned at the Risdon plant of the Electrolytic Zinc Company of Australasia Limited, a member of the Pasminco group of companies, in February 1988. It was designed to upgrade the lead/silver residue product from 26% to 37% lead, thus improving the realised value and increasing overall zinc recovery. This in turn enables the lead smelter treating the lead residue to improve its productivity. The equipment consists of two 250m3 bricklined leach tanks and two 6.5m diameter stainless steel high rate thickeners operating with counter current washing at 95¦C and 120 g/L H2SO4. The present filtration and drying equipment is also being replaced. Two 35m2 squeeze action filter presses equipped with horizontal plates are being installed, together with ancillary drying equipment to ensure that the final product complies with the transportable moisture limit. The new filtration plant is due to be commissioned in mid-1989.

Jan 1, 1989