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By G Richmond, J R. Glen

Western Metals Mt Gordon Operation is a copper mine and processing plant situated 120 kilometres north of Mt Isa. The unique Mt Gordon copper process utilises a whole of ore acid/ferric pressure leach to produce copper cathode from the Esperanza massive sulfide copper orebody. Esperanza ore contains chalcocite, covellite and minor chalcopyrite hosted in a massive pyrite matrix. These ore stocks will be depleted in late 2003. Recently the process circuit has been upgraded to allow the treatment of lower grade Mammoth ores. These include the installation of a ball mill to complement the existing SAG mill, a single stage rougher flotation circuit and a tailings thickener. The leach bleed neutralisation plant was also upgraded at this time. Commissioning of these new circuits occurred in March 2003 and involved all the challenges of ensuring current production levels were successfully maintained while new process steps were incorporated into the whole circuit. This paper explains the background flow sheet of the patented Mt Gordon process and the reasoning behind the enhancements required for an already successful copper leaching circuit. Included are discussion of the influences of the new ores on individual process components such as comminution, leach chemistry and solid/liquid separation. Longer term ore processing options are also discussed.

Jan 1, 2003

By M Wimmer

LKAB operates two underground iron ore mines located in the northern part of Sweden, both using sublevel caving (SLC) as the mining method. Knowledge of the mechanisms of gravity flow is important since it affects both ore recovery and waste dilution. This paper describes results from a large-scale field test carried out at the Kiruna mine with a focus on gravity flow. It is part of Work Package 2 in the I2Mine project financed by the EU. A total of ten rings were blasted. Smart Markers based on radio frequency identification technology were used to monitor the gravity flow. An accurate delineation of the isolated extraction zone requires reliable detection of all recovered Smart Markers and precise knowledge of the 3D position of the markers within the burden. It was therefore necessary to carry out borehole deviation measurements (collar, alignment and trajectory). The blast performance was monitored by high-speed filming, near-field vibration monitoring and velocity of detonation measurements. Three-dimensional stereo images were taken from the drawpoint and the loaded bucket after each mucking cycle. Based upon that, fragmentation was assessed both in 2D and 3D. Furthermore, volumetric differences were determined at the drawpoint, which reflects the mobility of loaded material. For draw control, the Fe content is estimated by measuring weight and assuming a full bucket. The measured volume of rock in each bucket further improves this estimate. Possible flow disturbances occurring at the drawpoint were revealed by video recording. Two-dimensional laser scanning was carried out during mucking to track the position of the bucket and estimate the position and slope of the muck pile.The results from this test clearly show that the gravity flow in the large-scale sublevel cave in Kiruna mine is often of disturbed character. Standard draw occurred only in three rings and shallow draw in the remaining seven rings. In five cases, shallow draw developed towards standard draw, but occurred at rather late stages during extraction (70–125 per cent). The maximum width of the draw varied between 10 m and 13 m except for one ring (6 m). The draw reaches the cave rather early (5–25 per cent extraction) in shallow draw situations and much later (about 50 per cent) during standard draw. Waste originates from above in most cases, while more significant portions often occur at about 20–45 per cent extraction.All the results from this extensive field test are not yet fully analysed, and further field tests are planned. A more detailed insight into gravity flow in large-scale SLC and possible influence by drilling, blasting and the mucking procedure is expected in the future.CITATION:Nordqvist, A and Wimmer, M, 2016. Holistic approach to study gravity flow at the Kiruna sublevel caving mine, in Proceedings Seventh International Conference and Exhibition on Mass Mining (MassMin 2016), pp 401–414 (The Australasian Institute of Mining and Metallurgy: Melbourne).

May 9, 2016

By I Y. Maslov, S A. Gorinov

It was demonstrated that the stable propagation of the explosive process is possible in low-density emulsion explosives (EEs) obtained through mixing of emulsion with a significant amount of expanded polystyrene (or other similar) granules. Such a process takes place in the form of a detonation-like wave of emulsion drops in explosive gas streams flowing out of the high-pressure area of the reaction zone.Chemical reaction in such EEs takes place in the form of surface combustion of emulsion particles interacting with the gas stream.A method was developed for determining parameters of decomposition of low-density EEs, and it was demonstrated that a gradual pressure increase takes place in products during the explosion of such EEs.The performed analytical research allowed low-density EEs (obtained through mixing of emulsion with a significant amount of expanded polystyrene) to be recommended for smooth blasting.Industrial-experimental blasts at quarries of Ural and Siberia, with extreme positioning of sides and using low-density EEs, have confirmed the viability of the recommendations given.The obtained results are useful in the advancement of smooth blasting technology using low-density EEs.CITATION:Gorinov, S A and Maslov, I Y, 2015. Physical and technical evaluation of possibility using low-density explosives in smooth blasting, in Proceedings 11th International Symposium on Rock Fragmentation by Blasting, pp 555–564 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Aug 24, 2015

By A P. Brown

Comparison of legal permits required for mining (as opposed to prospecting or exploration) inNew Zealand, under the Mining Act 1971 and the Resource Management Act/Crown Minerals Act 1991. Mining generally receives the same treatment as any other industrial or commercial activity.

Jan 1, 1995

By G Williams

Somewhat to the surprise of many heavy mineral sands (TiO2 and zircon) producers, there are important geological structures within their typical placers and aeolian sands deposits that affect plant metallurgical performance. After many years of operations, even experienced producers have encountered unexpected changes in production, product quality and recovery. After looking in all the obvious (but wrong) places, it is recognised that the mine has advanced into ore with different separation characteristics. Metallurgical process response can vary significantly between ore sourced from different geological domains. The mineral characteristics that are exploited for effective separation may be associated with differences in the depositional environment, or be post-depositional in origin. Surface coatings that interfere with electrostatic separation might be associated with paleo-water table movements. Major storm events in the deposition history can also leave distorted mineral assemblage through stranded formations or incisions in older deposits.Apart from the influence on capital and operating costs, geometallurgical variances add another dimension to orebody modelling. Each domain could have specific recovery, mineral assemblage and product quality values to be considered in the value model. Project success is often directly dependent on understanding the geometallurgy of the resource. Tailoring the exploration and early process flow sheet development programs to account for such variances should be standard practice. Such practices have had a chequered history in the mineral sands industry, with sophisticated processes having been developed, only to be shelved for ‘economic’ reasons, and then once again ‘discovered’ when problems re-emerge.It is clear that knowledge gained through a higher level understanding of the changing mineral separation characteristics and advance warning of mineral behavioural differences can mean the difference between lost recoveries and disappointed customers or well timed capital plans and maximised revenues.

Oct 5, 2011

Dust emissions from mining, material processing and ship loading operations (fugitive dust sources) are an environmental issue of increasing concern to both government regulators and the community. The main concerns relate to potential amenity, health and environmental impacts from the emissions. Therefore it is imperative that mining/ processing operations, as part of their overall environmental management, reduce fugitive particulate emissions to as low a level as is practicably possible. This technical paper outlines the mechanisms that lead to fugitive particulate emissions, the importance of understanding the exact cause of fugitive emissions, monitoring methods that can be used to quantify the emissions from specific sources, the use of atmospheric dispersion modelling in dust management and innovative dust management strategies including predictive meteorology and proactive management.

Jan 1, 2009

By N Esmaeili, M Saghaeian, L Hosseini, V Sheikhzadeh, R Hejazi

Ore roasting has long been used for beneficiation and assay upgrading of different ores. In this process, which is mainly used for sulfide ores, the ore is heated to a high temperature. More specifically, it is a metallurgical process involving gas-solid reactions at elevated temperatures. Some types of Iron ore are weak in magnetic properties. Hematite, goethite and limonite are classified in this group. Unlike magnetite, which shows strong magnetic susceptibility, these ores are hard to beneficiate through magnetic separation route. Many researches have focused on gravity separation and flotation routes for upgrading these ores and these methods have also been utilised in the industry. One of the methods to whose industrial application less attention has been paid is magnetising roasting in which the non-magnetic iron ore is transformed to magnetite which is further beneficiated through magnetic separation. In this study, magnetising roasting tests have been performed on one goethite sample in order to check the feasibility of using this method for this specific ore in industrial scale. It is worth mentioning that high intensity magnetic separation have been performed on this sample before but the achieved results were not promising. Results have revealed that through magnetising roasting magnetite content of the ore could be increased from 1.7 per cent up to about 25 per cent. FeO content of the feed sample was increased from 1.03 per cent up to around 9.25 per cent. Also optimum size distribution for achieving the best results in magnetising roasting for this sample has been determined through this study. The best results were achieved when the ore size was 0–10 mm. The effect of coal ratio, time and temperature on the process have also be studied. A coal ratio of 5 per cent, time of 30 min and a temperature of 850°C were determined to be the optimum conditions. Finally, the technical feasibility of utilising magnetising roasting for this specific ore has been confirmed.

Aug 24, 2022

By S McEachern, J Lowe

An important issue currently facing the mining industry in Australia is the management and cost to the industry and other stakeholders of entry into and exit from towns and their communities. These costs can be environmental, social, economic, political or reputational. The ability of companies to engage the trust of stakeholders, including: communities, governments and investors, is critical, and corporate reputation plays a significant role in this. For the industry to secure a long-term and sustainable future, it must have the technical, business and reputation assets to proceed in a cost-effective, environmentally acceptable and socially supportive way. This research assesses reputation as a critical competitive issue for mining companies, as technology and information make mining more predictable; the physical and human assets of mining companies are less likely to be the critical resource in a Resource Based View model of competitive advantage. The proposition is that in mining today, reputation as it facilitates day-to-day operations, regulatory zeal and access to new mine sites will become the rare, inimitable and valuable resource for mining companies. This paper reports on an ongoing research program to evaluate the impact a mining companyÆs reputation(s), with its various stakeholder groups, has on a companyÆs ability to sustain competitive advantage. Integral to this study is to develop an understanding of the relationships between mining companies and their stakeholders, and the importance of corporate citizenship polices to reputation and hence to corporate sustainability. Through the identification of the drivers of reputation for the various stakeholder groups, a model of reputation formation will be developed and also reputation measures for the mining industry in Australia. The preliminary findings of this research, the results of an industry focus group conducted with representatives from regional mining operations, are reported. The industry focus group was designed to enable a better understanding of who are the main stakeholder groups and how they regard mining companies and to inform the second stage of the research project a Delphi Study of the drivers of reputation by stakeholder groups. The aim of this research is to further the understanding of the relationship between corporate citizenship, reputation and performance in the mining industry, thus assisting companies to strategically manage their corporate citizenship investments.

Jan 1, 2006

A good deal of experimental work has been done from time to time on the application of compressed air to the elevation of wet pulp. On account of the flat nature of most of our mill sites elevation of the pulp has to be provided for, and the various methods in vogue show considerable loss of time, in the replaceing of wearing parts. During the last two years the writer has carried out a great many experiments with a view of devising an elevator that will give continuous work with a minimum of wear.The results do not show a high efficiency for the power employed, but the lift is continuous in operation, very cheaply installed, and possesses no wearing parts. The lift was tried working in a bore hole of 8 in. diameter, but in many cases it is more convenient to sink a small well for the purpose. The result to date showed that the most efficiency was obtained when the depth of the wellwas not less than the height of the lift required. The pressure of air required in pounds per square inch was (approximately) half the number of feet to be lifted.In the majority of cases the lift required varied between 20 ft. and 50 ft. and the air pressure required between 10 lbs. and 25 lhs. per square inch. In most existing installations the air compressors in use were delivering air to the receivers at about four times that pressure, and when air so compressed was expanded to perform its work at a reduced pressure, it was apparent that the power exerted in origInally compressing the air above the working pressure required at the lift was absolutely lost.

Jan 1, 1901

By C Claassen, R Balusu

Computational fluid dynamics (CFD) models have been developed based upon field data collected from a longwall mine in New South Wales, Australia to study the behaviour of goaf gas flow in both active and sealed goaf areas. A base CFD model was built to represent the goaf situations when the active longwall retreats near the finish-off line. Results from the base model were calibrated and compared against field goaf gas monitoring data. The base model was then used to carry out parametric studies to investigate a number of operational scenarios and their impact on goaf gas behaviour. CFD modelling results indicate that the overall goaf gas flow pattern changes as the operating longwall retreats towards finish-off line. In all cases, oxygen penetration into the active goaf remains high, reaching 15 per cent or higher, even at some 800 m behind the longwall face.The modelling results also indicated that it would be difficult for early detection of an active goaf heating (on the maingate side) based upon CO readings in the return airflow, as the main stream of the gaseous product will be flowing into the sealed deep goafs in adjacent longwall (LW) panels. Monitoring points (such as tube bundles and bag sampling points) should be selected at deep seated seals along the active goaf so that abnormal CO or C2H6 readings can be picked up for early detection and location of potential heating spots; goaf inertisation can be better achieved by injecting inert gas such as nitrogen at deeper points (>200 m) behind the operating longwall; the injection of in-seam drainage methane into the goaf areas will only have a limited impact on goaf inertisation as much of the injected methane will migrate towards deep and higher parts of the goaf due to its buoyancy effect.

Sep 26, 2011

By P G. Greenhill

The Wonawinta silver project near Cobar in NSW is under development by Cobar Consolidated Resources Limited (CCR). RMDSTEM Limited is part of the owner’s team for feasibility, design, engineering, construction and commissioning.With a 51Moz resource CCR is one of the largest pure silver players in Australia. A probable reserve of 14.3Moz has been defined for a mine life of approximately five years. The silver mineralization is contained in host rock composed of clays and oxidized limestone. The ore also contains on average 1.3% lead as cerussite, and other minerals. A simple circuit consisting of slurrying of the ore, gravity treatment of the coarse fraction to recover lead, silver extraction using CIL, elution and the Merrill Crowe silver recovery process, has been developed.The “value engineering” approach to this development pioneered over the past decade by RMDSTEM has meant that RMDSTEM has delivered the bankable feasibility study at a cost of $0.07 per resource ounce. It is highly cost effective making efficient use of shareholders funds as well as being very time efficient. This paper describes the application of the value engineering approach to the development of the Wonawinta project.

Aug 8, 2011

By S Nie, I Bergqvist, F Ouchterlony

In blasting, a few or many cracks are driven from the borehole into the rock. But what causes the cracks? The most common theory of breakage consists of two stages; first the shock wave causes radial cracks to form around the hole then the gases penetrate into the cracks, and widen them and make them longer. Another theory presented by Brinkmann suggests that the back damage is primarily controlled by shock and that the gas penetration is the mechanism controlling breakout of the burden. He did his experimental work using blasthole liners. Recent research at SveBeFo has examined this matter further. In a quarry a number of benching holes have been blasted simultaneously. In some of these holes tubular Swellex bolts were inflated and decoupled charges put inside the tubes without stemming. Other holes were identically charged but without the lining. Finally some holes were also stemmed. After blasting the cracks in the remaining rock were studied. There was no difference in crack lengths between holes charged normally (no stemming) and holes where the charges were inside the bolts. On the other hand when stemming was used, the crack lengths increased for some explosives but remained the same for an emulsion explosive. In another set up blasted granite blocks were charged in the same way as above. Then we could also measure the bore hole pressure. The pressure gauge consists of a small carbon resistor inside a steel cylinder. It is called LHM (Location-fixed Hydrodynamic Measuring Cup) and is placed at the bottom of the hole. A smaller exit hole from the bottom is drilled for the cables. The paper presents the technique and the results obtained from both the quarry blasting and the blasting of the blocks.

Jan 1, 2001

By A Harris, L Balzan

Accurate measurements of the moisture content of iron ore have increasing importance in modern mining operations. Knowledge of the moisture content allows process control actions to be carried out to ensure that the moisture is within prescribed limits, whether this is ensuring sufficient moisture to be above the dust extinction limit or that the moisture level is below the transportable moisture limit for sea shipments. Additionally, controlling moisture within desired limits can allow for greater throughput of iron ore by limiting the amount of water transported. There are a range of options available for operators wishing to obtain moisture data, though there are few demonstrated and proven devices that are able to provide real-time analysis of the full bed-depth of material. Scantech’s through-belt moisture systems are able to accurately analyse the full bed-depth of conveyed iron ore in real time using its unique microwave transmission technology, providing valuable data for operators. Recent advances in these systems have overcome errors associated with the highly attenuating nature of iron ore, particularly for large conveyor belts and deep ore. Furthermore, analysis of different ore mineralogy and its effect on the accuracy of moisture analysis has been examined and quantified. This paper discusses some of these recent results, demonstrating achievable accuracies in spite of changing ore mineralogy. Scope for future work is also briefly discussed, concluding the paper.CITATION:Balzan, L and Harris, A, 2015. Real-time through-belt moisture analysis for iron ore, in Proceedings Iron Ore 2015, pp 539–542 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Jul 13, 2015

By G Davison, C Rossimel, M Bouazza

Expanding rock bolts anchor within a rock mass more efficiently than non-expanding varieties. This is of great importance in weak ground conditions, where grouted friction bolts perform less efficiently than in good ground conditions. Filling a Split Set with demolition concrete has been shown to double the load-carrying capacity when compared to conventional use of Split Sets. This report details verification of these results by installing and pull-testing 14 Split Sets of varying grout conditions within in a fault zone. These Expanding Split Sets achieved loads double and triple that of ungrouted and normally grouted conventional Split Sets. A literature review and chemical analysis were conducted to understand the expansion process better. It was found that 20 per cent more calcium is included in expanding cement, which is responsible for its growth. Factors most affecting the expansion process were identified. Furthermore, the expansion rate of a bolt outside a borehole was measured and 6 mm of expansion across its diameter was found. The compressive properties of the cement were compared with other types, due to expanding cement becoming uncohesive after the expansion process is complete. When confined within a Split Set, compression testing demonstrated that this grout is just as strong and rigid as normal grout. Finally, the bolts were tested by shear and it was found that the Expanding Split Set (ESS) has a similar shear capacity to grouted Split Sets, which is 70 per cent higher than that of ungrouted Split Sets. These results enabled the mechanism for improved performance in weak ground conditions to be verified. Expanding grout will expand the Split Set into its borehole of varying diameter and lock it into place, creating increased friction and resistance to pull-out. This paper shows that ESSs can be a useful reinforcement technique in weak ground conditions.CITATION:Rossimel, C, Davison, G and Bouazza, M, 2014. An investigation of expanding split sets in weak ground, in Proceedings 12th AusIMM Underground Operators’ Conference 2014 , pp 159–170 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Mar 24, 2014

By R Small, S Combrinck, R Lindsay

Maintaining your competitive edge in the growing Australian mining sector today is an arduous task. With an ever increasing demand to extract more ore, safely, complete visibility throughout the blasting cycle has become vital to any operation. To achieve this requires full two way communication with every detonator during the testing and programming cycle, as well as, inside the firing window. Concerned with an increase in the number of incidents involving mining equipment, uncovering and digging into unknown misfires on-sites across Australia, Black Star Mine made the decision to embark on the use of electronic detonators to eliminate this hazard. With this safety goal achieved, the mine set about using the added benefits of electronic detonators to improve their drill and blast processes with impressive results.CITATION:Combrinck, S, Lindsay, R and Small, R, 2012. Eliminating unidentified misfires at Xstrata ZincÆs open pits through the application of electronic detonators, in Proceedings Eighth Open Pit OperatorsÆ Conference , pp 27-30 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Sep 18, 2012

By A R. McKinnon

The recently opened Hera Au-Pb-Zn-Ag mine in central New South Wales has provided an ideal opportunity to demonstrate the calculation of sulfide ore mineralogy using normative methods. Normative mineralogy applies a set of sequential rules based on the species likely to be present to assign the chemical components of a sample to their respective mineral components. The dominant sulfide mineral assemblage present at Hera is galena, iron-bearing sphalerite, chalcopyrite, pyrrhotite and pyrite. A normative technique for estimating the relative abundance of each of these species from drill hole, grade control and metallurgical assay data sets has been developed. This includes a process for deriving a gangue iron value and differentiating pyrrhotite from pyrite using sulfur/iron ratios. A calculated total sulfide volume value has been utilised at the mine to improve interpretation of lode boundaries. Normative drill hole values have also been used for domaining within the orebody, with large scale mineralogical trends evident. Dry bulk density (BD) values calculated using a normative species-weighted method show good correlation with measured BD values (R2 = 0.895) and are a significant improvement on the Pb+Zn+Cu regression method (R2 = 0.646) previously used. Application of these calculations to identify errors in assay databases is demonstrated, with specific reference to the data set for the nearby Nymagee copper deposit. Validation of block model grades is also explored and a method to improve resource estimates using direct normative mineral interpolation is proposed. The integration of the normative data into the production and metallurgical data sets at Hera is described and the relationship of the normative minerals to other economic elements such as gold and silver is discussed.CITATION:McKinnon, A R, 2017. Application of normative ore mineralogy to geological and metallurgical data sets at the Hera Au-Pb-Zn-Ag mine, New South Wales, Australia, in Proceedings Tenth International Mining Geology Conference 2017, pp 63–74 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Sep 20, 2017

This paper talks about the experiences of groups we have worked with over the last few years in the Asia-Pacific region (Australia, Canada, New Zealand and Papua New Guinea) and the ways that they have worked to bridge the divide between traditional and introduced structures, governance at a regional level and the introduction of traditional values into monitoring and evaluation practices. In doing this these groups have created structures and processes which have helped them engage both more effectively with external stakeholders while maintaining the legitimacy of their own operations with their own constituents. These are important ideas for those involved in the mining industry that could provide a number of very tangible benefits to mining firms and their engagement with these kinds of groups.

Jan 1, 2009

By L E. Howard

Micro-computed tomography (Micro-CT) is an X-ray imaging technique that produces high-resolution 3D computerised ‘virtual’ models of geological specimens based on the X-ray attenuation of different materials in the specimen. The ‘virtual’ specimens are made up of voxels, the 3D equivalent of pixels, each assigned a gray value based on X-ray absorption. Micro-CT has enormous potential for allowing non-destructive, digital analysis of structure and composition when the mineralogical phases can be digitally separated. However, variation in X-ray flux between scans results in highly variable grayscale values for identical materials. Consequently, materials usually have to be segmented manually, which is subjective, inaccurate, labour-intensive and time consuming. Here we present a protocol and imaging software package that can be used to accurately and precisely extract quantifiable information in a repeatable and objective fashion. The software will allow the separation, visualisation, measurement and analysis of spatial and volumetric distribution of different mineral phases without damaging the specimen. This paper explains the potential use of this protocol and software package to ultimately allow automatic segmentation and quantification of gold in drill core samples, removing subjectivity and inaccuracies from data processing.

Sep 5, 2011

By J Coombes, R Sterk

The efficiency of the Australian and New Zealand stock exchanges relies on a fully informed market: shareholders and investors are fully and transparently informed of all material information relating to the shares. These principles of transparency and materiality are similarly core to the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the JORC Code). The JORC (Joint Ore Reserves Committee) Code also includes a principle of competency to ensure that the person providing the material information for public disclosure is suitably qualified and experienced.Since its inclusion into the ASX (Australian Securities Exchange) Listing rules in 1989, the JORC Code has continually improved and evolved in attempts to meet the market’s need for competent, transparent and informed disclosure. The quality and effectiveness of Public Reporting in accordance with the JORC Code is under constant challenge: some practitioners argue there is insufficient regulation, while others argue the need for greater self-regulation.This paper contributes to that discourse by exploring how well the Reporting expectations are met, and, whether Public Reporting in accordance with the JORC Code has a material impact on share-price movement.CITATION:Sterk, R and Coombes, J, 2017. Public reporting – new standards or no standards?, in Proceedings Tenth International Mining Geology Conference 2017, pp 423–432 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Sep 20, 2017

This paper examines some of the important aspects of mineral taxation policies and practices, with reference to the mining tax regimes of selected Pacific Rim countries (see Tables 1 and 2). The following subjects are addressed:what is æmineral taxationÆ?, basis for mineral taxation, types of mineral taxes, objectives of the mineral taxation regime, best practices, and mineral royalties. Many countries, in some cases with the encouragement and assistance of international funding agencies, are actively assessing the international competitiveness of their mining tax regimes with a view to attracting investment. However, these countries recognise that the mining tax regime is not the only consideration that is taken into account by prospective investors. The countryÆs geological prospectivity, physical infrastructure, labour force, political risk, and regulatory system are also important factors in the investment decision making process. Although it is probably true that an attractive mining tax regime will not necessarily attract mineral investment, there is a real possibility that an unattractive regime can drive away investment. For example, Hugo Dummett, general manager for discovery at BHP, hinted recently that BHP could cease exploration in Russia in the absence of positive tax changes. Dummett is reported as saying that if taxes æend up being as onerous as they are now, we really have to rethink why we are hereÆ (Mining Journal, London, November 27, 1998).

Jan 1, 1999