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The mining industry is generally regarded as a high risk industry, mainly because of the difficulties in estimating the tonnage and grade of mineral resources, the fluctuations in metal prices, mining problems and other problems which occur with mining in offshore and remote locations, such as appropriation or disruption to supply. As a consequence, finance providers require a high reward from mining projects. In the past two decades, the development of "mega" projects has led to the packaging of the finance becoming more sophisticated. Some would see this move as a measure of the evolution of banking rather than an intrinsic facet of mining finance itself. Project financial managers now require a thorough knowledge of all the financial tools which are available and have to be aware of the funding options so that they can put together a finance package which minimises the cost of the financing with the risk spread adequately between the partners of the financing. The different sources and types of finance for mining projects are described herein along with the factors which determine their costs. To understand the ramifications of financing mining projects, it is essential to appreciate the fundamental difference between debt and equity, which illustrates the importance of gearing. Costs of finance are determined by the interaction of supply and demand forces. Bankers and other financiers have become more adept at isolating a wide selection of risk elements and have devised a formidable range of insurance mechanisms. There is still a lot of money looking for good project risks and if a good project is properly presented and structured, financing can be obtained in today's market.

Jan 1, 1990

By Baynes F. J, Bermingham A. G

The 6000m long King Headrace Tunnel will be driven through hard Owen Conglomerate in the Eastern third and feldspar porphyry in the Western two thirds, with the anticipated hardness up to 350MPa unconfined compressive strength. Since the Commission had not driven a long, large diameter tunnel for some twenty years, major research was undertaken to assess the current tunnelling trends. Tunnel boring machines were compared with drill and fire equipment. Rail equipment was compared with rubber tyred equipment. Tenders were called with tenderers invited to submit alternatives if desired. Commissioning and production excavation using the equipment is discussed with the final conclusion being that the individual items of equipment purchased combined to make an efficient hard rock drill and blast system capable of progressing through all rock conditions likely to be encountered on the King and Anthony Schemes.

Jan 1, 1987

By Roden S

This paper illustrates that sampling problems and difficulties are as common in an R&D environment as they are in an operating plant. Researchers need to be aware of the potential influence of poor sampling practices and when feasible determine the sampling and analytical precision at the start of any experimentation. Specific problems that have been encountered are discussed and the procedures implemented to overcome these difficulties are described. Examples from projects include the cyanidation of a Au/Ag ore, column leaching of refractory gold and oxide ores, the bioremediation of contaminated sites and the flotation of ore containing native copper.

Jan 1, 1976

By Olden WH

A scheme is presented whereby the complexities of design and operation of a hydraulically powered coalmine support are modelled using the finite element method. This enables predictions to be made of the interaction of the support with its environment in a variety of operating conditions. The model is a two dimensional representation. The modelling scheme was applied in two case studies. In the first, the performance of a four leg support was uprated by increasing the front leg force. The finite element model enabled changes in overall support performance to be verified. In the second case study, the change in lateral force developed by a two leg support was assessed with changes in support operating height and floor foundation stiffness. The modelling scheme is capable of further development with the possibility of extending the model into three dimensions and the addition of control elements that would enable an actual mining sequence to be Represented.

Jan 1, 1992

Answers to the questions "which rocks contain diamonds?" and "which indicator minerals should diamond explorers look for?" are no longer so easily obtained, now that diamonds are known to occur in lamproites and various types of lamprophyres, as well as their traditional source of kimberlites. One way of isolating those factors (host-rock"geochemistry, geographical or tectonic location, xenolith minerals, etc.) which are most critical in determining the diamond potential of a given pipe, is a detailed and critical re-examination of the huge volumes of accumulated data on kimberlites, lamproites and related rocks. A large analytical database to this end has been set up on an Apple Macintosh II microcomputer using the quasi-relational database management system 4th Dimension. Currently, it contains data for up to 90 major and trace elements, isotopic ratios and contained mineral compositions for some 4,000 rock specimens from all over the world. Many experiences in setting up this database are probably relevant to other geologists setting up their own systems: they include determining the relationships between data items; the advantages of codes over free text in representing categorical variables such as rock types; the need for rigorous error trapping and data validation; and the problem of missing data values and ambiguities thereof. The working system is now being used in a rigorous statistical assessment of the criteria which distinguish diamondiferous from non-diamondiferous rocks.

Jan 1, 1989

This paper is written as a supplement to that of Edwards, Baker and Knight on "The Geology of the Wonthaggi Coalfield" 1, the West Area pit being in an early developmental stage at the time of their paper. The thin seams to the west of Dudley Basin 2 had beenknown for many years but it was not until 1935 that it became necessary to work them. The West Area Pit came into production as Dudley Area Pit approached exhaustion in 1937. From available information it was estimated that early work would be in a 36in. bottom seam. The present top seam was not included in the reserves, but it was to be extracted where it proved thick enough for economical working.THE SEAMSEdwards, Baker and :Knight (1944) had insufficient information to correlate positively the West Area seams with those in the Dudley Basin. Their opinion was, however, that they were a westerly extension of the Bottom Seam. Since then the driving of the present north-east heading towards No. 4 Bench McBride Tunnel has established that the West Area seams are those worked as Bottom Seam in the Dudley Basin. West Area Top Seam is a seam that occurred above the Bottom Seam in the Dudley Basin. Only sporadic attempts have been made to work it in Central Area, because 30in. was considered an economic minimum height until recent times. This seam should not be confused with Top Seam, Dudley Basin, which lies some 300ft. above the bottom seam measures and except in isolated areas over deeper workings has been eroded away in West Area.

Jan 1, 1953

The lignite mines in the Latrobe Valley of Victoria/Australia have been using continuously operating mining systems for more than 50 years. The relatively small bucket chain dredgers of the early years have been progressively displaced by bucket wheel dredgers with increasing size, increasing capacity and increasing service weight. The large machines for the new open pit Loy Yang have a bucket wheel outreach of 46m, an effective capacity of 3350 bm' coal/h respective 2500 bm' overburden/h and a serv- ice weight of approx. 4500 t. The time between signing of con- tract and starting of operation for these machines is at least four years. The high service weight, the resulting high capital invest- ment and the long period for design, design review, manufac- turing, erection and commissioning of these machines directed the SECV to investigate a possible application of compact dredgers for the Latrobe Valley.

Jan 1, 1989

By Hilde TWC

Synthesis of GLORIA side-scan sonar and other geophysical data has provided morpholo- gical and tectonic details of the interaction between the Nazca and South American plates along the Peru Trench (80S-15¦S). Our analyses suggest that a new propagating rift of the Galapagos type is evolving along the Mendana Fracture Zone (MFZ). Subduction induced rift- ing of the Nazca plate is accompanied by organized seafloor spreading for the last 3 Ma at least. GLORIA sonographs and bathymetric mapping show an 8-10¦ divergence in MFZ width towards the Peru Trench. The fracture zone comprises numerous ridges and troughs and a lack of sediment cover in the axial part. Young magnetic lineations (anomalies 1-2A) are observed within the fracture zone wni.cn are orthogonal to the older Nazca plate lineations. The central anomaly narrows west- ward and can be observed up to 400 km seaward of the trench whereas anomaly 2A is terminated about 200 km from the trench axis. Recent SeaMARC II sonar mapping in the region shows large igneous blocks in the Trench axis to the north of MFZ but absent to the south. We believe these blocks represent young seafloor of MFZ rift/spreading center broken off from the ridges as they subduct along the Peru Trench. The MFZ rift is propagating west- ward at a rate of 115 km/Ma (25 km/Ma relative to the South American plate). Given the present rates of accretion at the East Pacific Rise and of propagation along MFZ rift, the Nazca plate will be divided into two parts in about 35 Ma.

Jan 1, 1987

After a very brief historical survey and overall assessment of traffic requirements, the invitation by the British and French Governments for private groups to make proposals for a "fixed link" is described, and the resulting plethora of proposals is reviewed. The three schemes which gave some promise of being adequately backed by private finance are described as follows:

Jan 1, 1987

SINCE 1900, five underground fires of consequence have beenrecorded in the Broken Hill mines. These occurred at the Junction(1906), Proprietary (1906 and 1916), Block 14 (1906), and Centralmines (1923). All have been extinguished, but at an enormouscost; e.g., in the eleven months following on the 1923 Central mine fire the sum of £187,123 was expended in fire-fighting operations.To this series may be added others, as the South (1925) and British mine (1918) fires, which were extinguished before serious damage had resulted. All, however, have occurred within a period of 28 years, and in a district where spontaneous combustion, a prolific source of fire in the U.S.A., has been practically nonexistent. Therefore, definite fire risks exist in the underground workings of the Broken Hill mines, and, as a consequence, an active fire prevention policy is a necessity...

Jan 1, 1929

Despite mineral sand occurrences having been noted since the 1970s, the Wemen North Mine is the first operation to commence commercial mining within the inland Murray Basin. The deposit was discovered in the 1990s and, following lengthy resource development, mining commenced in 2001. This initial mine was established as a pilot operation to test the commercial viability of mining in the Murray Basin, with subsequent expansions planned if the mine proves successful. The deposit lies beneath arable farmland close to the Murray River and is hosted by Pliocene marine sands, with a geometry resembling a classical beach strand placer. The operation utilises traditional dry mining overburden removal techniques, with ore mining carried out using a floating dredge and concentrator. This paper looks at the geology of the Wemen North deposit, the mining techniques and challenges as well as grade control practices employed to mine this palaeo-beach placer deposit.

Jan 1, 2003

By A Kyllo a, D R. Swinbourne

Electric arc furnace (EAF) dusts contain significant quantities of zinc, found almost entirely as either zinc oxide or zinc ferrite. The dust has been classified as a hazardous waste due to the relative high lead, cadmium and hexavalent chromium contents. It is important that environmentally acceptable processes be developed to treat this waste. One possible process involves reacting the zinc compounds in the dust with metallic iron, thus avoiding zinc vapour reoxidation by CO2 as occurs in carbon reduction processes. It consists of two stages where the first is the reduction of iron oxides to iron and the second the reduction of zinc oxide to zinc vapour by the iron. In this work the effects of operating variables such as temperature, CO/CO2 ratio and pressure on the recovery of zinc from an industrial EAF dust obtained from the Smorgon Steel Mill were investigated. Zinc recoveries in the second stage were found to approach 100 per cent at 1000oC after about four hours in nitrogen but within 40 minutes if a low vacuum was used.

Jan 1, 2000

By Diehl GW, Kuntonen J

The Tamrock all-hydraulic rock drilling system 400 has been developed to cover as wide a drilling range as possible, from 35 mm holes in tunnelling, roofbolting and development work to 64mm holes in long hole production drilling. Field experience during the last five years shows that the Tamrock drill covers this range in a way that no other rock drill on the market does and recently the range has been success- fully further expanded to cover bench drilling with 76 mm holes.

Jan 1, 1978

By T M. Campos, J Silva, L M. Tavares, J Lichter, L P. Alves, B K. N Rocha, H D. G Turrer

The depletion of the richest ore deposits and the increase in number of mining projects involving deposits with complex mineralogy, higher competence and lower grade has led to an eminent need for improving understanding on multicomponent behaviour in mineral processing. One particularly relevant case is the ball milling of itabirite iron ores fed to the processing plant of Minas-Rio operation in Brazil. Dealing with the two main mineralogical components of the ore, namely hematite and quartz, the operation faces some challenges to improve understanding on how the two components behave in the process. Mathematical models have showed potential to give support in this task, but its applications to describe this type of industrial-scale grinding is still missing. The present work demonstrates the application of a multi-component ball mill model to simulate a closed ball mill circuit with hydrocyclones using the commercial software Integrated Extraction Simulator (IES). Model was calibrated on the basis of bench-scale tests and industrial surveys. Multi-component simulation results are then compared to those considering a single component in the feed, demonstrating the value and great insights that can be achieved by using the former in optimising plant operation.

Aug 24, 2022

When a thin film of volatile matter is deposited under vacuum on a polished coal surface, and the coated surface is examined microscopically in piano--polarized reflected light, colour changes are observed characteristic of the various macerals present. The colour changes appear to be mainly due to interference between light reflected at the upper surface of the film and at the film/coal interface. A variety of source materials for the volatile matter required have been tested, including powdered bituminous coal, coal tars, boron oxide, and certain resins.

Jan 1, 1969

This paper presents the water management plan of the Mae Moh Project in the North of Thailand, which includes a large lignite opencast mine and thermal power plants. Lignite production will increase from the present 5.5 million tons per annum to approximately 20 million tons per annum by 1995 when the pit area will be about 20 sq.km. and the depth at over 300 meters. Seven power plants are proposed of which two are under construction. The total capacity to be installed is 2,925 MW. The principles considered for water management are firstly flood protection, including drainage of the mining pit and diversion of the Mae Moh stream away from proposed future mining areas; and secondly, a plan to meet the water requirement of the thermal power plants, while maintaining downstream supplies for irrigation and other purposes. The limited annual run-off of Mae Moh and Mae Chang watershed basins are inadequate for the proposed power plants. A study has been prepared to compare two approaches, namely conveying water from remote watersheds to meet the water requirement of the power plants up to total installed capacity; or by limiting future total generation, at the existing site, to only 2025 MV.

Jan 1, 1988

By Phelan JM

Poor selectivity in the separation of two sulphides generally arises because the flotation characteristics of the coarse sizes of the valuable mineral and finer sizes of non-valuable minerals are identical. Separat- ing the pulp into two size fractions at a specifically determined cut size and conditioning each size fraction with its own optimum reagent addi- tion is known to be helpful in improving such selectivity problems. The performance of the zinc section of the complex ore circuit at Wood- lawn Mines has been analysed in detail. The selective recovery of zinc was found to be a problem in zinc/pyrite separation. However, atypi- cally, the separation problem was between coarse zinc and coarse, not finer, pyrite. In spite of this the use of separate conditioning has effected significant improvements in rougher concentrate. Selectivity (and hence grade), overall recovery and flotation rate have all been enhanced. Dis- appointingly, coarse zinc recovery was not increased but, with careful optimization, this might be achieved without sacrificing the gains already realized. The technique of separate conditioning clearly has general application in other circuits where selectivity is a significant problem.

Jan 1, 1988

By McNicol J. H

Using a small scale laboratory pilot plant a series of tests have been conducted with the aim of investigating the influence of the zinc/acid ratio on the efficiency of zinc electrodeposition from an acidic sulphate solution. The results have shown that current efficiency is increased as the zinc/acid ratio is increased with no evidence of an optimum zinc/acid ratio. However the choice of a zinc/acid ratio for full scale operations must be a compromise between other parameters, spent electrolyte acidity and power efficiency, which also impact upon plant performance. The effect of various impurities has also been monitored and antimony, nickel and tin have been shown to be deliterious to current efficiency.

Jan 1, 1989

Upon subduction, water is liberated from the sediments and the porous struc- ture of the oceanic crust and from de- hydration of minerals for redistribution and chemical reaction. A survey of pro- cesses which are likely to occur along the subducting plate reveals that water may well be basic in subduction induced gas generation, magma formation and ore deposition. In analogy to the industrial water gas process, reaction of water with car- bonaceous matter, in subducted sediments is likely to yield substantial volumes of hydrogen and carbon dioxide. While water and carbon dioxide appear to play a determining role in the development of differentiated magmas, hydrogen will react with metal sulfides and sulfur to form hydrogen sulfide which is essential in sulfide ore depo- sition. A survey of possible metal extrac- tion chemistry along subduction suggests a stepwise solubilization of metals from sediments and oceanic crust, and a poten tial accumulation of dissolved metals in zones of characteristic composition. The metal spectrum in ore deposits at near surface appears to reflect the com- position of the solution in the respec- tive subduction zone. A tendency for preferential solubi- lization of copper at subductidn level, from among the transition metals, an in- creasing generation of hydrogen sulfide in the sane direction and partition effects as well as sulfide precipitation characteristics lead to enrichment in copper and to its selective deposition in the direction towards the trench as observed in S. Latin America. A postscript deals with the formation of native copper.

Jan 1, 1986

By Carter A. C

The increasing need for alternative energy sources as well as the less clearly perceived but equally increasing demand for non-fuel minerals has resulted in extensive exploitation of near surface deposits. Many such deposits have depleted reserves and mining corporations are increasingly turning their attention to deposits, with thicker overburden, less competent materials, steeper dips and more complex structure. These deposits pose mine layout, geotechnical and equipment problems as well as the need for large outputs to achieve economies of scale. The paper describes the major problems and operational solutions for such deposits using continuous excavation and transport equipment.

Jan 1, 1980