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Most mining projects will involve some level of financial markets price risk. This is because commodities are generally traded in $US. The project will also incur costs in $A and if based in Australia will seek to generate a return in Australian dollars. Therefore the project faces commodity, foreign exchange and interest rates risk. As a business you may wish to maintain these risks within your business. However if the project requires financing to be provided then the financiers will want to ensure that there is a level of certainty attached to the cash flows to support the debt repayments. This is achieved by hedging the financial market risks. Traditionally the hedging process has been based on underlying assumptions within project models, which incorporate views on the direction of the underlying price risk. These views can be formed in an ad hoc manner. Gathering information from a variety of sources including economic forecasting and modelling, technical analysis, seeking market expert views. However, given the historical accuracy of such forecasts locking into long-term fixed hedging arrangements can create an inflexible environment that can restrict the opportunity to benefit from the underlying volatility of financial markets.

Jan 1, 2003

An experimental study of the soil mechanics of brown coal showed that brown coal consolidates in the same manner as does a clay and that the theory of consolidation for soils may be applied to brown coals. Moisture content is a function of the coal type, the existing effective stress, and the stress history of the coal.The effective stress in a brown coal seam is a function of the overburden pressure, the pore stress and tectonic stresses. Stress history may be deduced from geological evidence and determined by consolidation tests. Application of these principles to the brown coal seams of the Latrobe Valley shows that the distributions of natural moisture contents are consistent with consolidation.INTRODUCTIONThe nature and geology of the brown coals of Victoria, particularly of the Latrobe Valley, were discussed in some detail by Edwards (1945, 1948), Thomas and Baragwanath (1949) and Gloe (1960). A salient feature of these studies was the distribution of moisture contents in the brown coal seams. Recent experimental work, part of a soil mechanics study of the structure and strength of brown coal, showed that moisture content variation is a reflection of consolidation phenomena in brown coal and application of the results to .field condItions verified and modified the conclusions of Edwards in his pioneer work. Further detail of this experimental work is recorded elsewhere (Rosengren, 1961).EFFECTIVE STRESS AND CONSOLIDATIONEffective stresses in soilsA saturated soil is a two-phase system, consisting of a compressible skeleton of rigid soil particles and pores filled with water, an incompressible fluid. (In this context, the terms compressible, incompressible, and rigid are relative only and refer to orders of magnitude). If this system is subjected to stress we define...

Jan 1, 1963

In planning and operating mining projects, managers must take into account economic conditions in foreign markets in addition to Australian conditions. As the manager has little influence over the price or the demand for the product, it is particularly important that close attention is paid to the control of costs to ensure that the mining operation remains competitive with foreign producers. This is not necessarily true for some sectors of the domestic manufacturing industry where foreign competition is restricted and costs can be passed on to consumers because of the protection afforded by tariffs. The effects of protection on the cost structure of Australian industry are more pervasive than is commonly understood. The issue of protection is particularly important to the Australian mining industry management because the cost burdens imposed by local protection must be absorbed within profit margins. Furthermore, because protected industries are effectively subsidised to use scarce resources such as skilled labour, the development of more efficient industries such as mining is inhibited. The mining industry has much to gain from any relaxation in protection policy, and hence the issue is of considerable importance to all managers in the mining industry concerned with costs.

Jan 1, 1980

Away from past controversial presentations, a matter of fact, intuitive and simplified approach to the Theory of Sampling (TOS) sampling variance prediction formula is offered which gives an insight on the type of model required for the liberation factor, the practical limitations of such model and methodological principles for its calibration. This paper intends to see what happens in TOS when trying to go from the very simple towards the full level of real life complexity, and actually tries to answer the question: Is there such a thing as a æsimpleÆ TOS?

Jan 1, 2005

By E G. Thomas

"This paper details the many improvements possible in narrow vein mining from the use of treated mining/milling waste as mine fill. Such fill can be: treated mill tailing, cemented or uncemented; development muck, treated or untreated, cemented or uncemented; andsome combination of these materials, or surface sands/gravels. Treatments involved may be both physical (optimisation of particle size gradings) and chemical (neutralision of potentially harmful milling chemicals).Potential benefits include a reduction in: back stress; vein closure; alternate ground support requirements; mining dilution; potential for surface subsidence; and extent of surface disposal of mining/milling waste, resulting in reduced environmental impact. Considering the usually small production tonnages involved, preparation and placement of a highly applicable fill material can be economically accommodated.Emphasis is placed on steeply dipping orebodies being mined overhand, although practice in the much less steeply dipping RSA gold/platinum-type orebody is also considered.CITATION:Thomas, E G, 2012. Mine fill in thin vein mining, in Proceedings Narrow Vein Mining 2012 , pp 215-218 (The Australasian Institute of Mining and Metallurgy: Melbourne)."

Mar 26, 2012

The Cadjebut Mine is located 80 km southeast of Fitzroy Crossing. Cadjebut is owned 58 per cent by BHP Minerals and 42 per cent by Billiton Australia. Cadjebut is a 'Mississippi Valley Type' (MVT) deposit. Minerals present are sphalerite, galena and marcasite in a sedimentary host of dolomite and siltstone. The ore contains few deleterious impurities and no silver. The mill was commissioned in the first half of 1988 at a rate of 320 000 tonnes per annum. An expansion in the latter half of 1989 has since increased production to 550 000 tonnes per annum. The initial geological resource at the commencement of mining was 3.8 million tonnes at 13.5 per cent Zn and 4.4 per cent Pb. There is sufficient ore left to sustain operations to 1995 at a grade of 11.2 per cent Zn and 3.9 per cent Pb. The ore from underground is stockpiled on the surface via a drift conveyor and from the stockpile is fed into a grinding circuit consisting of a SAG and ball mill. Cyclone overflow at a Pgp of 90 pm gravitates to the flotation circuit. Lead and zinc are sequentially floated to produce an 80 per cent Pb grade at 90 per cent recovery and a 61 - 62 per cent Zn grade at 96 per cent recovery. The concentrates are thickened and filtered before being trucked to the port of Wyndham 600 km away. From Wyndham the concentrates are shipped to smelters in Asia, Europe and Australia.

Jan 1, 1992

Diamonds occur in N.S.W., Victoria and north west Tasmania. Diamonds from different areas appear to have their own characteristics, lending weight to the suggestion that three or four different sources (different in location and age) have produced the diamonds found in alluvials at quite a number of locations in Eastern Australia. Explorers for kimberlites in Victoria must overcome a number of field difficulties. The writer's approach attempted to find exploration targets by literature search, noting unusual garnet occurrences, and by relating records of diamond occurrences to described mining activity. While the records are biased towards gold, the study did lead to a pipe, located well away from known diamond-bearing alluvials. Core from one test hole has shown this intrusive to include an alkaline ultramafic breccia with many kimberlitic affinities - a breccia containing mantle-derived minerals, but not a true kimberlite. (A detailed rock description is appended to this paper, but is not the purpose of the paper.) This result enhances the possibility that kimberlites may occur in Victoria, on or near large scale faults or grabens. The depth of fracture penetration may have been different

Jan 1, 1979

Your Excellency, on behalf of the Council of the Australasian Institute of Mining and Metallurgy, and, indeed, on behalf of everyone present, I extend to you a welcome, and our thanks for your gracious acceptance of the invitation to be here to-day and, later on, to present Honorary Membership Certificates. I also welcome the several official representatives of our Allies, of Great Britain and our sister Dominions.To Messrs. E. C. Driffield and E. J. Rigby, two of the original Foundation Members, who are with us to-day, I extend greetings.The present occasion is opportune to express, on behalf of a representative body of professional men, deep appreciation of the sacrifice which His Majesty the King has made, and will continue to make, by appointing His Royal Highness the Duke of Gloucester as Governor General of Australia and, therefore, His Majesty's senior personal representative in this country.I suppose, that as the primary reason for our assembly to-day is to celebrate the Fiftieth Year of the Institute's existence, I should properly on this occasion, give an account of its history and development. However, as this subject was ably covered by Mr. L. V. Waterhouse, in his Presidential Address in 1938, I trust I may be excused for selecting some other subject. I shall, therefore, exercise my privilege as President and give you a short history of the Mining and Metallurgical Industry of this country with special reference to its effect on the development of the Commonwealth and on the national economy. I apologize in advance for any statistics which I inflict upon you; some of these will be three or four years out of date, because of censorship restrictions. I shall as far as possible refer firstly to the industry prior to and including 1893, the Institute's foundation year, and then to subsequent development.Australia, is pre-eminently a pastoral and agricultural country and it leads the world in the production of wool. Nevertheless, it has an international reputation as a producer of gold and various metals and of minetal products.The development of gold mining in the decade 1840-50 was an epoch-making event in Australia's history, because, to quote one writer's apt phrase, "it precipitated Australia into nationhood." It was certainly responsible for a rapid increase in population. Thus, during the period 1841-1861 the population of Australia increased fourfold, from 221,000 to 1,170,000.The effect of the discovery of gold in Western Australia was even more striking. In 1890 the population of that State was 49,000 and in 1900 it was 180,000.Statistics in respect of gold are reasonably complete, even for the years prior to Federation, and it is interesting to note that the gold declared as...

Jan 1, 1944

By P Hodkiewicz, K Noormohamed

Gold deposits in the Chirano district in south-west Ghana are hosted in a variety of structural settings along the Chirano shear zone (CSZ), in Paleoproterozoic rocks of the Sefwi-Bibiani belt. Most gold mineralisation occurs in strongly sheared and hydrothermally altered Birimian mafic igneous rocks and tonalite intrusions within the CSZ. A recent program of open pit structural mapping, core logging, and three-dimensional modelling helped to define deposit-scale structural controls on gold mineralisation. These include strain domains, shear zone flexures, shear zone intersections and vein arrays associated with host-rock competency contrasts. Interestingly, the plunge of higher-grade shoots in some deposits appears to be associated with the intersection of the CSZ and broadly folded Tarkwaian sedimentary rocks, which are not significant gold hosts in the Chirano district. This paper presents the results of 3D modelling that were used to define structural controls on mineralisation in several open pits and one underground mine along a 9 km length of the CSZ. LeapfrogÖ software was particularly useful because it highlighted the orientations of structural features that focused hydrothermal fluid flow during alteration and mineralisation. The improved understanding of structural controls provided two main benefits: near-mine exploration drill targets and better definition of structural domains for resource estimation.

Jan 1, 2009

IN preparing a sample of refined lead for analysis, it is necessary to exercise great care to avoid contaminatien, as the amounts of the various impurities present in market lead are very small. The lead is cut into convenient-sized pieces, which are flattened out with a hammer, so that, on putting tbe lead through the rolls, strips of about one inch in width and Ij32iu. in thickness are obtained. The hammer, anvil, and rolls should be carefully cleaned before use. The strips oflead are cut up into pieces of about one inch square. If the lead is roIled out very thin and cut up into small pieces there is considerable risk of the acid acting too violently and causing loss through frothing over. A blank assay on all the reagents used should becarried right through, along with the actual analysis of the lead. This is of the greatest importance, particularly with regard to the determination of such impurities as iron, sulphur, arsenic, and antimony.METHOD OF ANALYSISThe method of analysis is as follows: Take two lots of 600 gIm. each, place in a large beaker, add 2000 cc. distilled water and 750 cc. concentrated HNOs. Cover with a clock glass and warm on a hot asbestos plate until all action ceases. (If any white precipitate forms, filter off and examine for Sn and Sb.) Add 420 cc. H2S04 (1-1), and stir well while adding the acid: Allow PbS04 to settle, pour off the clear liquid into a 12-in. porcelain evaporating dish, and start evaporating down, the dish being placed directly on an 8-in. ring gas burner. Wash the precipitate three times by decantation using approximately 1200 cc. hot water for each washing, and stir well...

Jan 1, 1922

The Australasian Institute of Mining and Metallurgy and the Australian Mining Industry Council are concerned that a sufficient number of able young people receive an adequate level of professional training for the mineral industry. A Joint Committee on Education has been formed to pursue these objectives. At a time of strong growth in the industry it is most important to forecast the demand for people, so that the educational authorities will be able to provide adequate facilities. The factors to be considered in fore- casting the demand for professional staff are set out, and the proposed method of assessment is outlined.

Jan 1, 1981

As I drove in from the airport on Sunday somebody said `On the right you will see Dun- troon, which is the military training school of Australia.' So I asked the driver, where did they get that name? `Oh,' he said, `from some people who built a house there. That was it's name- Duntroon.' It strikes a note with me because, that's the name of a 12th century castle on the west coast of Scotland where I spend what leisure hours I have and, therefore, it establishes the long connection between Australia and my native land. There is also a story I should tell you about the oil industry and its upsurge in Scotland recently which has resulted in great prosperity. And in Edinburgh, the walls of the banks are bulging-because of the incursion of foreign exchange and other resources.

Jan 1, 1978

The mining licence for the Macraes gold mine places emphasis on the progressive rehabilitation of the land to a state compatible with the landscape and environment that existed prior to mining activities taking place. The shallow soils and hostility of the environment dictate that choices of plant species should focus on persistence rather than high productivity, choices that are made easier by observing the vegetation patterns that have developed naturally within the area, by recontouring landforms to integrate with the surrounding countryside and the use of appropriate plants and establishment techniques.

Jan 1, 1992

By L Barro

There is currently a worldwide interest in coal-oil technology as the search continues for alternative energy sources to reduce the consumption of petroleum crude. An important aspect of this coal-oil technology study is to obtain information on the flow properties of coal-oil slurries. While some work has been reported on the flow behaviour of black coal-oil suspensions, very little work on brown coal-oil suspensions has been reported. In this paper flow characteristics of brown coal-oil suspensions for various coal concentration and temperatures have been presented. A capillary rheometer, designed to handle settling suspension, has been used for determining rheological properties. Brown coal of 0.0725 mm average particle diameter has been used in this work. The oil was a coal derived product having a boiling point range of 234¦C - 319¦C. Apparent viscosity of all suspensions was found to increase on storage due to ageing. Ageing might have occurred due to physicochemical interactions between coal and oil. Flow behaviour of some suspensions changed from Newtonian to non-Newtonian on storage. Apparent viscosity increased sharply with increase in solids concentration and suspensions at higher concentration behaved as non Newtonian liquids. Viscosity decreased with increase in temperature; rate of decrease slowed down with increase in temperature.

Jan 1, 1980

A major tool in the search for petroleum is reflection seismic mapping. The period which has seen most of the exploration in Victoria is also one which has seen major advances in this technology, from 1963 try present day. Seismic mapping can be divided into three interlinked areas - acquisition, processing, and interpretation. In acquisition the major changes have been from an explosive energy source in 1963 to gas exploders in 1968 and airguns in 1970. The number of recording channels has increased from 24 to 192, with digital recording introduced in 1966, and floating point recording in 1976.

Jan 1, 1982

Analysis of rock discontinuities, collected using a scanline method, has been undertaken at the Iron Duke open cut mine, on the southern margin of the Middleback Range in the Gawler Craton, South Australia. The iron mineralisation, which is a product of supergene enrichment of carbonate sediments, is located on the W (western) limb of a gently N plunging D2 macrosyncline. Mesofolds plunge shallowly to the NE or steeply to SE, suggesting two shortening events, of which the second produced significant macrofolds. Discontinuities include:faults and shears which display variable orientations, mainly striking WNW dipping steeply N; mesofractures or joints maintaining a well constrained orientation, dipping steeply S, subvertical striking E-W; and bedding surfaces which are folded about a gently N plunging axis. Through this example of the regional control exerted on local discontinuities, it is clear that discontinuities are not randomly distributed as often assumed in purely statistical approaches. Commonly for rocks of any age there is a distinct discontinuity pattern, reflecting the geological deformation history. If the controls exerted on local rock discontinuities can be determined and assigned a number related to their significance, the way forward is available to develop a site specifc knowledge base that can make realistic predictions for any position in a given rock mass. Such a procedure would involve assessment of the regional geology, linked to scanned discontinuities either via manual or automatic means. Recent advances in automatic scanning rock faces (eg by the I-SiTE Laser Radar) to determine discontinuities distributions, enable the rapid calculation of rock characteristics. This is a significant advance in rock engineering, providing a method of safe and quick collection of data. However it creates problems in the presence of an increase in the geotechnical data available, which should be assessed in the context of the regional geology. Although techniques are underway to analyse post-blast discontinuities, the next signifant potential advance in this area could be the integration of a knowledge based system to assess discontinuities ahead of mining, incorporating regional assessment and human intuition.

Jan 1, 2000

Underground mine planning is characterised by a series of designs, starting with prefeasibility and culminating in operational. Information on the mineralisation and geotechnical conditions is available in increasing levels of detail, as development occurs. In the recently completed AMIRA Planning and Rapid Integrated Mine Optimisation (PRIMO) project, a methodology for producing good strategic and then tactical designs using new optimisation tools, was developed. At the strategic level, fundamental decisions must be made such as those relating to cut-off grade, bench heights, mining methods, access and haulage systems, properties of the mill, etc. The inputs are the block and financial models, geotechnical data, infrastructure and production costs, etc. Stope definition for strategic designs includes bench RLs (relative levels), orebody envelopes, and design and placement of amalgamated or simplified stopes. If multiple mining methods are under consideration, then stopes need to be associated with these. Access design must take into account decisions such as declines versus shafts, a template for level layouts and the topology of the access network. Some of the geotechnical and physical constraints are relaxed for strategic design stages. Strategic scheduling is high level, from a month to a year at a time. In the PRIMO project, software tools have been developed enabling the mine planner to rapidly produce a large number of such strategic designs. After the designs have been evaluated, the highest value designs are chosen and a small number of these can then be further refined at a tactical level. For these designs, the first step is determination of all stopes meeting physical and geotechnical requirements and constraints, allowing for complex stope shapes. Next, detailed layout of the mine access network is obtained, satisfying all operational and geotechnical constraints. Finally, more detailed scheduling is performed, over shorter time periods. The Melbourne University group has focused on optimal access design. In particular, the access network is optimised for minimum cost, taking into account the cost of haulage and development over the lifetime of the mine. Costs vary over the different parts of the network depending on the quantity of haulage and so a weighted network optimisation problem has to be solved. We have developed two software tools for this task, decline optimisation tool (DOT) and planar underground network optimiser (PUNO). DOT produces an optimal network of declines and crosscuts connecting access points on the levels to a portal or break-out point from existing infrastructure. PUNO designs the level layout, including footwall and hanging wall drives, development drives and connections to vent raises. A survey will be given of the capabilities of DOT and PUNO when used on some recent case studies. Our current goals include incorporating some aspects of ventilation design and modelling the development costs when additional ground support is required. This is an abstract only. A full paper was not prepared for this abstract.

Dec 6, 2010

By C Pypno, P Nowakowski, T Opasiak, C

Belt conveyors are machines for continuous transport with most applications in mining industry in Poland. This is a result of simple construction and cheap operating costs. But conveying materials by belt conveyors are often in the powder state (eg small coal, gypsum, etc) and during the transport there is a possibility of polluting the environment around conveyor route. A good solution for this problem is the pipe conveyor, where a belt is closed on the route in circular shape and flat on unloading point. Another problem which is indicated in the paper is dusting on the belt conveyor boosters. In Poland a new solution of booster has been designed, whereby dustiness of transportation powder materials is reduced by up to about 90 per cent.

Jan 1, 2003

By Edmonds W, Giles C. W, Webb R. J, Gum J. C

Gold production from The Granites - Tanami Goldfield during 1993 is expected to exceed 8 t, eclipsing that of the traditional Northern Territory gold mining districts of Tennant Creek and Pine Creek. This is the result of dedicated and successful exploration, and the consequent discovery of new orebodies such as those at Dead Bullock Soak.Following granting of access to regional exploration areas in 1988 and identification of favourable host rocks in the Schist Hills area, North Flinders Mines (NFM) began a methodical exploration program of detailed geological mapping, rock chip sampling, costeaning and various types of drilling. The first resource of 600 000 t of 3.3 g/t gold was announced in mid-1989. This has grown progressively with systematic exploration to the currently published resource inventory of 6.6 mT @ 5.4 g/t, (as at 31.12.92) contained in six separate orebodies within the Dead Bullock Soak Mineral Lease at Schist Hills.

Jan 1, 1993

WHEN making comparisons of the efficiencies of different grinding and crushing machines it is desirable to be able to estimate the work actually done in crushing the ore from a given size of feed to a given size of product, the screen analysis of both feed and product being determined. Messrs. Klug and Taylor, in a paper on this subject, published in the monthly journal of the Chamber of Mines of WA, 31st January, 1906, have described a method adopted by them in calculations made in connection with a series of trials of grinding pans. Their methOd is based upon the assumption that if a quantity Q of material consisting of particles of average diameter x be crushed down until the average diameter of the particles is y, then the work done in grinding is proportional to Q x. There is no theoretical basis for this assumption that the writer is aware of, and it does not appear to satisfy the fundamental conditions necessary. If the material be further crushed until the diameter 2 becomes Z, the additional work done is measured. The work done in crushing from diameter x to diameter Z in one operation is proportional to Q x:, and therefore we ought to have zx2 y2 x2 Q-+Q-=Q-. y2 Z2 Z2But these expressions are not in general equal to one another. In other words, according to the theory underlying this method, if we crush from diameter x to diameter y, and then from diameter...

Jan 1, 1909