Search Documents

Valuers will often intuitively express the probability that property value will exceed a certain amount . . . 'I think the chances that the value will exceed $50 million are excellent. The chances that they will exceed $80 million are poor'. This paper shows how it is possible to combine the uncertainties of the value of several key items to provide an estimate of the probability of a certain overall value being achieved. The valuation of a large copper/gold deposit was naturally influenced by uncertainties in the base assumptions of costs and metal prices. Potential acquisition of the property through share purchase raised the issue of what was a reasonable intrinsic value for the shares. Market considerations could be used to appropriately adjust the intrinsic value. After a range of possible metal prices and operating costs were determined, estimates were made of their probable distributions. By combining these probabilities in a random selection, a range of property values was calculated. Each value had its respective probability of occurrence. This allowed a most likely value of shares to be calculated. This paper demonstrates how the valuer's intuition is complemented by numerical analysis.

Jan 1, 1994

Access to land for exploration, development and mining purposes is extremely critical to the viability of the mining industry and subsequently the well being of society.The mining industry has been subject to environmental controls and considerations for the past 20 years. Today there is greater land use competition and more debate as to its use. To retain reasonable access the mining industry must comply with the rules and regulations by which it is governed.A new set of rules and regulations have been approved for use in Queensland, known as the Mineral Resources Act 1989. This Act clearly outlines the titles available and the requirements to obtain access.There are three main titles of interest to mining companies. These are an Exploration Permit, Mineral Development Licence and a Mining Lease.The Exploration Permit (EP) is for exploration purposes. Applications for EP's are assessed on their content and past performances. An EP is granted subject to a security deposit and conditions. Prior to entry the EP holder is required to inform the land owner of the proposed activities and times of entry.

Jan 1, 1990

By H Barrie, L Ameglio

"Current methods for acid rock drainage (ARD) mitigation revolve around insulation of the waste from oxygen in the atmosphere with water and dry (soils and liners) covers. Both are of limited effectiveness and present significant drawbacks. Furthermore, while they reduce oxygen influx, they reduce but do not prevent ARD.The inert gas mixture (IGM) technology has been designed to overcome the deficiencies of gas transfer into tailings and waste rock materials across the surface and instead block oxidation by controlling the transfer of oxygen from the atmosphere. Inert gas is injected into the mine waste at low flow rates and the positive but low flow purges the oxygen that tends to diffuse into the sulfide waste across the surface. The positive flow of IGM compensates for inward oxygen diffusion and creates a pressure drop across the cover layer preventing inward diffusion of oxygen and, hence, acid generation.The IGM processes are evaluated in this paper: theoretically, with a review of the theory of ARD and the current state of knowledge about the performance of notably dry covers as atmospheric oxygen barriers via models to predict the performance of the IGM technique practically, with a bench-scaled experiment.The results demonstrate the effectiveness of IGM to prevent oxidation of sulfide minerals and ARD in waste rock. The laboratory experiments further identified key variables to be used to monitor performance and control efficiency of IGM, which is now awaiting field-scale application.The IGM technology is a patented process by Terraquest Technologies Ltd (Canada) in USA, Canada and Australia. The IGM technology can be cost-effectively manufactured on-site with commercially available compressors and gas filtration membranes. It is predicted that low-cost covers can then be utilised with IGM, which in turn lowers the overall capital costs of ARD mitigation.CITATION:Ameglio, L and Barrie, H, 2015. Acid rock drainage prevention using inert gas mixture technology, in Proceedings Tailings and Mine Waste Management for the 21st Century, pp 85–96 (The Australasian Institute of Mining and Metallurgy: Melbourne)."

Jul 27, 2015

By W C. Burton, J S. Kuszma, T O. Aspinall

The environmental impact of mining and evolving environmentallegislation has received increased attention worldwide in the last two decades (Bradfield, Shultz and Stone, 1996). The potential impacts associated with unstable spoil dumps from mine operations is the focus of concern both by the mining industry, environmental regulatory agencies and members of the public. Engineered slopes of mine spoils may be stable at the end of construction, but they can deteriorate over time. There is thus the need to increase the base of knowledge on the existing practices of spoil dump design and rehabilitation. Efficient engineering design and systematic economic evaluation of spoil dump reshaping techniques for mine rehabilitation assists in maintaining the expected standards of environmental compliance. As part of the overall approach for effective engineering design ofspoil dumps, a comprehensive, computational and efficient tool isrequired for assessing the economics and productivity of existing spoil dump reshaping practices for efficient mine rehabilitation. Such a design tool is useful in linking current spoil dump environmental management practices with engineering design planning and economic impact evaluation. This paper identifies the processes for the economic impact evaluation for existing spoil dump reshaping practices and proposed final site dump designs. Selection of an efficient spoil dump design at optimum costs will ensure operational efficiency. A case study is presented identifying economic impact evaluation in earthmoving equipment selection and the costs involved for the reshaping of spoil dumps to that of varying final site designs.

Jan 1, 2000

By Freeman NV

The concept of an in stream analysis probe was developed at The Zinc Corporation (now Z.C. Mines) in the late 1960's and commercialised quite rapidly, by Phillips and then AMDEL, as an alternative to the established centralised systems (Courier, etc.). The developments which have taken place since that time are reviewed and current procedures and performance are described. An audit of the system, recently undertaken by AMDEL, has highlighted areas where improvements can be made. In 1988 the ISA system will become an integral part of a substantially upgraded process control system.

Jan 1, 1988

A comparison is made between elementary block estimation techniques and the optimal methods of geostatistics using data from an Australian deposit. Considerable improvement in the estimates are obtained by using the optimal technique in this case.

Jan 1, 1975

By J Rock, K Bambrook

"Hanwha Mining Services was approached by Glencore Coal to provide a series of (trial) demonstration blasts at its Clermont coalmine. The intent of the project was to trial a bulk explosive product that would be able to provide sufficient energy for the ground type encountered without production of post-blast fume. Three blasts were loaded using the patented XLOAD bulk explosives with a density of 1.00 g/cc. XLOAD bulk products are water resistant explosives that can be loaded at densities much lower than traditional (generic) water resistant heavy ammonium nitrate – fuel oil (ANFO) or pumped blends with significantly reduced risk of fume. In addition, these products have detonation characteristics that generally deliver a higher heave partition than conventional bulk products and hence improve muck pile looseness and digability.The priority key performance measures included the absence of fume from blasting, being at least cost neutral and providing similar if not improved shovel dig rates. The design for the initial blast took a conservative approach to ensure the key blast outcomes of fume control and fragmentation were achieved.The second blast used the same pattern dimensions as the benchmark bulk product used in this area to provide a cost neutral comparison with the benchmark products that had been used over the prior six months. This resulted in a 20 per cent lower powder factor than would have otherwise been used. To test the suitability of XLOAD, this shot was slept for over two weeks between loading and firing in geology where the sleep time is typically kept to a few days to minimise the fume risk.The third blast utilised a slightly larger drill pattern to push the capabilities of XLOAD and provide a cost neutral comparison between the trial product and the traditional benchmark products. All three blasts were fired with no fume observed, no recordable incidents and good fragmentation. Shovel productivity from all three of the trial blasts was excellent with higher average instantaneous dig rates being recorded (average six per cent improvement against the instantaneous dig rates recorded for the benchmark blasts).Citation:Rock, J and Bambrook, K, 2016. Controlling Blast Related Fumes with Unconventional Explosives, in Proceedings Ninth AusIMM Open Pit Operators' Conference 2016, pp 39–49 (The Australasian Institute of Mining and Metallurgy: Melbourne)."

Nov 15, 2016

Over the last five years Du Pont (Australia) Ltd has developed a commercial range of new generation emulsion based explosives concurrently with the development of new explosives-placement systems. The paper outlines Du Pont's emulsion technology and history of product development from the initial emulsions (Tovex E & EL) to emulsion/ANFO blends (Tovex BE) through to the most recent development of Du Pont's SOL emulsion component. The paper also outlines the development of materials handling systems on site to load waterproof bulk explosives from the original pumper trucks through to the multipurpose agitator bowl blending and pumping units at the heart of Du Pont's SOL emulsion system currently available within Australia. The last section deals with some of the more important features of enhanced agitator bowl truck designs and outlines examples of the complete SOL emulsion system and methods of operations currently practiced at specific mines within the Bowen Basin coalfields.

Jan 1, 1986

By Rautio V

The mining sector has been automated and robotised very rapidly during the last few decades. The organisation of work, schedules and housing has been modernised from the traditional modes of industrial society toward the more flexible modes of

Jan 1, 1998

By D A. Kepert, D Clark

During early 2004, Fortescue Metals Group (FMG) began an aggressive exploration and drilling program in the Chichester Range, targeting iron enrichment developed in the Nammuldi Member at the base of the Marra Mamba Iron Formation. The timely recognition by FMG of distinct zones of (hypogene) microplaty hematite (mplH) enrichment overprinted by extensive supergene mineralisation led to an early reappraisal of the geological history of the area and characterisation of the possible structural and stratigraphic controls on mineralisation. Regionally, the Chichester Range dips gently at less than 5¦ to the south, however, detailed mapping shows that this regional limb is overprinted by low amplitude, long wavelength, north/south to northeast/southwest trending folds. The locations of major structures in the Marra Mamba Iron Formation, combined with spectral analysis of known mineralisation, allowed extrapolation and prioritisation of exploration target areas. The delineation under cover and understanding of these structures was enhanced by detailed airborne magnetic data. Recognition that supergene mineralisation was associated with a palaeotopography that continued significantly under cover to the south under sediments of the Fortescue River valley led to the discovery of extensive supergene mineralisation together with additional mplH mineralisation. A model for the landscape evolution and preservation of enriched Nammuldi Member was generated in order to help communicate both the complexities involved with targeting drill holes beneath cover and the potential limits to the lateral extents of mineralisation.

Jan 1, 2005

On the 18th November, 19'58, the first coal was delivered to the Morwell Power Station from the adjacent Open Cut using conveyors for the transport of the coal from the working face to the boiler bunkers. As the cut develops the coal seam will be worked for its full depth of about 360 feet from four benches, each feeding a conveyor line along th.e face and up out of the cut to the power station and briquette factory. By 1970 the estimated maximum daily demand reaches 60,000 tons and the total annual output 18 million tons. The complete conveyor installation will then total some 9 miles with a capital cost of over £3~ million.The choice of conveyors in place of the more usual rail system was made possible by the development of movable belt conveyors which use mechanical conveyor shifting, high belt speeds and flexible high strength belts and the paper deals with these and some other aspects of the scheme.INTRODUCTIONThe development of brown coal deposits is usually based on open cut workings equipped with a few large dredgers giving an almost continuous output of coal or overburden which has to be hauled a comparatively short distance. These are ideal conditions for conveyor operation, and it is surprising that, until recently, rail transport has been used almost exclusively in brown coal open cuts. In some cases inclined conveyors have been introduced to take the coal from the coal levels up out of the cut to bunkers at groundlevel, but trains have been left to operate between the ditch bunker feeding the conveyor system and the dredger.

Jan 1, 1960

The copper-clay deposits consist largely of goethite and clayey mudstones carrying native copper, cuprite, and chalcocite. The mudstones are of Ordovician age, are interbedded with Fe-Mn carbonates, and probably contained syngenetic iron and copper sulphides. The secondary copper minerals have been derived from post-Devonian weathering in situ and also by deposition from surfaee and underground waters draining the adjacent mineralized volcanic rocks.

Jan 1, 1969

Modern, research-based approaches to mineral exploration are essential to the future maintenance of the mineral industry. These need to fully utilise the rapidly expanding growth of understanding of the evolution of the earth's crust, and be properly integrated with advances in understanding of chemical and physical processes involved in ore formation. BMR has a major role to play in supporting the growth and utilisation of this research base, as well as maintaining the national geological and geophysical bases which are essential both to tactical and strategic interests of Australia and of its mineral industry. The objective development of data-process modelling is one target of such strategic research based on a more integrated approach to research by BMR, mineral companies, CSIRO and the universities with emphasis given to promoting positive feedback during research activities. Examples of the success of strategic research in Australia and overseas are noted in the Text.

Jan 1, 1986

By J Merrells

Fluor, together with our clients, has yielded significant reductions in the total cost of mining projects by employing a systematic and methodical process of cost reduction. This paper outlines this structured approach to reducing the total cost of projects through the gathering of information, the evaluation of the zero base design, and the development of the execution strategy for the project in the study phase.Over the recent iron ore boom the cost of growth projects escalated rapidly due to a variety of factors including the engineering cost of re-designing facilities, construction in remote areas and an increase in the ‘perceived’ capital requirements for maintainable and operable facilities.Fluor has made strategic steps towards safely reducing the capital intensity of projects, by working with clients to develop zero base designs which utilise the minimum technical requirements in order to meet the function of the plant and then add cost for safety, maintenance and operability only where clearly justified.This paper has set forth a structured three phased approach to focus the team on reducing capital cost while maintaining a low increase in engineering effort.The initial ‘gather’ phase focuses the team on acquiring information and identifying decisions that will need to be made so that the team can prioritise and focus the attention on areas that will provide the greatest benefit. Within this phase the identification of zero base design requirements, review of lessons learnt and analysis of capital cost levers, allows the team to identify the key decisions on the project that will affect the capital cost.In the subsequent ‘evaluation’ phase the team established the zero base design, using the hierarchy of cost reduction as a guide to focusing the team’s attention on high yielding cost saving opportunities.In the final phase the team develops the execution strategy which will yield the least cost using strategies and tools such as modularisation, standardisation, replication, strategic sourcing and 3D design.CITATION:Merrells, J, 2017. Reducing total project cost in the study phase using zero base design, in Proceedings Iron Ore 2017, pp 621–626 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Jul 24, 2017

The relative importance of magmatic and metamorphic fluids in Archaean gold mineralisation has long been a subject of debate. Computer simulations can be used to explore the interaction between competing fluid flow drivers, thus providing insight into their role in mineralisation. This approach has been applied to Archaean gold mineralisation in the Yilgarn craton, Western Australia. A simple model representing regional metamorphism in a granite-greenstone terrane indicates that fluid produced during a regional metamorphic event in the Yilgarn was unlikely to have been involved in mineralisation, because it would have escaped from the crust long before the main gold event. Another model illustrates the competition between magmatic fluid production, convection, and deformation. The model shows that the timing of deformation relative to fluid production is important in determining the fate of magmatic and metamorphic fluids, and hence their potential to play a role in mineralisation. An EXTENDED ABSTRACT is available for download. A full-length paper was not prepared for this presentation.

Jan 1, 2008

By Wilson O. A

TABLE OF CONTENTS1. Introductiona. Process Changes since 1939.b. Current Practice.2. Ore Characteristicsa. Copper Minerals.b. Gold Occurrence.3. Treatment of High Grade Acid Orea. The Ore Treatment Planti. Coarse Crushing SectionDust Controlii. The Concentrating MillDesliming SectionGranular GrindingGranular FlotationGranular Flotation ReagentsFlotation MachinesSlime FlotationConcentrate CleaningConcentrate Handlingiii. Scavanging No.1. Mill Granular Tailings at No. 2 MillRegrinding UnitScavenger Flotationb. Pyrite Productioni. Pyrite Flotationii. Pumping of Pyriteiii. Storage of Pyriteiv. Pyrite Loading

Jan 1, 1952

By Moore R. F, Macias L. F

The Filbara region of northwestern Western Australia contains several known occurrences of mafic/ultramafic rock assemblages which may host platinum group element (POE) mineralisation. This paper deals with occurrences at Munni Munni and Andover. The Munni Munni complex is of particular interest because it is known to contain PGE mineralisation and is currently undergoing active exploration. The US/Australia Joint Scanner Project of October 1985 collected airborne scanner data for the BMR over Munni Munni. Such an ultramafic-mafic complex had not been previously researched with advanced remote sensing instrumentation. Extensive investigation of data from the NSOO1 (Thematic Mapper Simulator) scanner resulted in successful differentiation of gabbroic and ultramafic rocks, and also subdivision within the ultramafies. Similar differentiation could not be achieved using conventional Landsat MSS imagery and aerial photography. Encouraged by those results and in support of BMR field research into the mafic-ultramafic suites of the region, data from the Landsat Thematic Mapper (TM) instrument were investigated to attempt differentiation of the ultramafic and mafic rocks in the Andover complex some 50 km to the northeast of Munni Munni.

Jan 1, 1988

The mine manager is one of the oldest jobs in the world. Over many centuries the fundamentals of how this job was approached did not change much. However since the later part of the 1980s there has been a dramatic shift in the expectations and role of the mine manager as the pressures of globalisation and consolidation have increased the size of companies and the production levels of mining operations. The changes have been dramatic, with demanding requirements on mine managers to continually improve the skill levels of people, to apply and develop rapidly changing technologies and to consider far broader business issues that need to be managed in a truly globally connected world. This paper will attempt to outline some of the issues, the complexity surrounding them and some of the approaches that have been made to manage them. There is not a single correct answer or approach, but there are many key success factors that have led to some amazing levels of performance being achieved as we go deeper, broader and literally move mountains to meet the customerÆs needs for today and tomorrow. This contrasts with many mining operations in developing countries that still have a traditional approach to how they mine. Society is the river of life that continually flows and changes the environment that surrounds it. The pressures from the customers and world growth, shape and force alterations to be made in an industry that has to live with the far greater primal and uncompromising forces of the earth we mine. This has led to some paradigm shifts in how we accept what we manage. TodayÆs mine manager must manage a far broader range of issues, than just how do we get tonnage out of the mine and product out of the ore. These include but are not limited to technical, commercial, product quality and end use understanding, employee and community issues, environmental and the ever increasing complexities of sustainable development. Organisations will have to look at how they structure their management of the business to manage functions to meet the complexity of different stakeholders needs û the business, the employees, the customer and the broader community within an environment that is becoming more attuned to the harm impacts to the world in which we operate. The attraction and retention of skilled people that contribute to the value and worth of the corporation, will become critical to sustain a companyÆs growth. One of the fundamental elements of successfully doing this will always be the skills of the mine manager and his/her extended team with the continued development and support that they will need to meet these demands.

Jan 1, 2006

By Hinchliffe WD, Griffin A

The desorption of gold from activated carbon is promoted by adding organic solvents to aqueous cyanide solutions. At 65-80¦ the elution of gold is fast and is not affected by water quality. The Micron Procedure involves pretreatment of the loaded carbon with NaCN/NaOH followed by elution with methanol vapour and condensate. Carbon is packed into a column above the distillation pot and acts as a fractionating column. Recovery of the methanol condensate leaves a methanol free concentrated gold solution and carbon containing

Jan 1, 1984

By D Elder, S Bell

Over the last five years Solid Energy New Zealand (SENZ) has gone through a series of changes in response to both external and internal factors. These changes have included corporate reorganisation and funding restructure, as well as modifications to medium and long term business objectives. The nature and size of its coal reserves and markets requires SENZ to continue developing new mines as existing mines are depleted. As well, there are opportunities to develop new mines as coal markets change or to realise value from existing coal resources. To assist in this process, a set of mine project assessment guidelines which are relevant to the size and scale of anticipated mine developments have been developed for SENZ. These project guidelines are structured to operate from the early stages of project or resource review through to final feasibility study stage. The guidelines provide both a basis for planning and budgeting, and a control mechanism within the company. They also enable clear understanding of the status of individual projects and provide a framework for comparison between projects. SENZ now has a defined method to plan, monitor and control this important aspect of its business. The paper explains the development and structure of the guidelines, as well as providing examples of their application. and use. It demonstrates how SENZ integrates its long term planning, five year planning, annual planning, project planning and risk management to maximise the value of individual projects, business units and the company overall in a consistent manner.

Jan 1, 2002