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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

By Canterford JH, Ritcey GM

With the development of new technology and materials of construction, chloride-based hydrometallurgical routes have gained accept- ance as a viable alternative to sulphate-based routes. A number of commercial and pilot plants built and operated over the last decade have provided invaluable experience and con- fidence in their use. Chloride hydrometal- lurgy, with or without pyrometallurgical pre- treatment, is particularly attractive for pro- cessing complex Cu/Pb/Zn/Ag concentrates, nickel mattes and chalcopyrite concentrates. This review outlines recent developments, dis- cusses advantages, as well as indicating some of the problems still to be solved.

Jan 1, 1984

By J Brown, C Roberts

The scope of this paper is to recount the development of segmental linings used in tunnel construction, starting with its inception as an improvement to the brick-lined tunnel approach of Brunel in England and moving through the history and development to the present day, before finishing with a few insights into what the future might hold. The paper also discusses the motivation for the relatively recent move towards replacing conventional steel reinforcing cages with steel fibres and the reasons why steel fibre reinforced concrete (SFRC) is rapidly becoming the material of choice for manufacturing precast concrete segmental linings.

Jan 1, 2008

Cominco Ltd's Polaris Mine in Canada's High Arctic has been successfully mining zinc ore in permafrost since 1981. Mining methods using frozen backfill have been the key to success. The mine is now producing about 60 per cent of the ore from pillars while maintaining high productivities. Annual ore production is just over one million tonnes providing more than 200 000 tonnes of zinc concentrate each year. Cominco Ltd has adapted management and operating practices to suit the harsh environment and the isolated site, and has shown that a profitable development can be carried out in the tough Arctic conditions, with minimum impact on the environment.

Jan 1, 1993

By Parks T. C

A low-grade disseminated nickel sulphide serpentinite ore from W.A. had a relatively high permeability after drying. Various techniques indicated that the permeability resided within a fine network of fibrous vein- lets and especially within coarse cracks along which the sulphides lay. The ore minerals were therefore open to selective extraction by chemical leaching. A IM ammonia-7.8 wt.o "ammonium carbonate" solution, oxygenated at 1 bar oxygen pressure and about 23¦C, released nickel, copper and cobalt from the sulphides, leaving a permeable residue of goethite, while calcium, magnesium and iron concentrations remained negligible in the leachant. The nickel and copper was electrodeposited directly from the pregnant liquor in a deposit which included 16.5 wt.% sulphur. Enhanced copper/ nickel ratios early in the extraction suggested that valleriite (not amenable to flotation) was leached preferentially. Th$ controlling influence of the pore structure was demonstrated by the dependence of leaching rates on the size of the ore particles used, and on the measured porosity of different ore samples. A 2mm size was probably the optimum for exposing sulphides to the leachant. Leaching was accelerated by increasing the temperature and oxygen pressure.

Jan 1, 1974

The large, high grade 3000 and 3500 copper orebodies at Mount Isa lie greater than 1200 m below the surface, and partly beneath the silver-lead-zinc mining operations at the Isa Mine.Since discovery over 30 years ago, the primary data acquisition programs have been integrated with long-term copper production strategies. These potentially sizeable and distinctly separate accumulations of copper mineralisation are the only sources capable of supplementing a decline in output from the 1100 orebody in the 1990s. Within a decade these deeper copper orebodies will become the major source of copper ore.

Jan 1, 1993

By Kidd CH

The excavation of a coal mine or any other mine, tunnel, or quarry, below the water table establishes a void towards which ground- water will flow. Inflows into the mine, if significant, can cause not only problems such as flooding, and/or muddy floors, in the mine, but commonly also require disposal of poor quality groundwater. The flow of groundwater towards a mine is accompanied by a decline in groundwater levels, which may extend up to several kilo- metres around the mine. This may seriously effect vegetation, stream flow and existing users of groundwater. At the pit face groundwater gradients can also cause slope stability problems and where a water table is intersected, increase blasting costs.

Jan 1, 1983

Australia has historically been a world leader in mining innovations. This trend is reflected in the international patent records, which show that in recent years there has been some recovery in the number of patent filings arising from Australian research. These innovations occur across a wide cross-section of mining technologies and derive from both public and private sector research. Australian mining innovations are largely dominated by new processes and equipment, principally in the areas of rock drilling and coring, strata stabilisation, cutting tools, blasting, mine design and oil field exploitation. They include improvements in drill bits, rock bolts and accessories and wellbore systems. Another area that has received significant research attention has been the in situ thermal processing of coal deposits. High profile examples of Australian mining innovations include the æSORDMinerÆ, a remote-controlled mining machine for use in mining collapsing wet environments, and CSIROÆs SMART*CUT rock cutting pick that dramatically increases the rate of cutting hard rock. This paper will provide an overview of recent innovations in Australian mining, as reflected in the international patent records, including the organisations and individuals active in the field, and the technological nature of specific innovations.

Jan 1, 2008

By Brenchley R

Partitioning behaviour studies for -particles in the 250 to 1,000 micron size range at. the Curragh coal preparation plant are presented. Plant surveys were conducted to compare the partitioning efficiencies of dense medium cyclones and froth flotation. The aim was to assess the potential for improving yield of coal by directing more of the top size of flotation feed material to dense medium cyclones. ovel mass balancing and model fitting NI procedures were used. While flotation offers high yield of low ash particles smaller than 500 microns, dense medium cyclone rejection .of high ash particles larger than 250 microns is superior. These strengths of the two processes are turned to good advantage by the use or desliming sieve bends which tend to perform some density separation on the'size fractions of interest, directing lower ash material to froth flotation than to the dense medium cyclones.

Jan 1, 1987

By A Hollonds, R Young

High commodity prices have produced a boom in project expansions and growth projects. Unfortunately, some of the early results have been poor, with some projects suffering considerable cost growth, project delays and start-up problems. The cost growth experienced in some projects is well beyond just escalation, but suggests weaknesses in the development of feasibility studies. Independent project analysis (IPA) has developed a large database containing information on project outcomes in the minerals and metals sector, and has identified, through its front-end loading (FEL) index and team development index (TDI), some key leading indicators of project success and project problems. This paper highlights key areas of weakness in feasibility studies that have driven poor project results, and the best practices that have driven improved project results.

Jan 1, 2009

Establishing the link between the solid, cold rock of dikes, sills, plutons, and lavas and hot, active magma chambers is the quest of igneous petrology. Differentiation of Earth, the diversity of the igneous rocks, and the spectacle of volcanism are ample evidence that magmatic processes are fundamental to our understanding of planet formation and evolution. Single gabbroic plutons, on the other hand, often show intricate and abundant evidence of the effects of crystal growth and sorting. It has not proven simple, however, to establish the basic principles of magmatic behavior leading to this crucial evidence. Because of their abundance, exposure, simple geometry, large range in size, and often straight-forward petrology, sills are excellent examples of the magma chambers. Physical and chemical processes operating in sills can be recognized that also routinely operate in many other bodies. Understanding the dynamics of sill solidification is essential to understanding the genetic links between lavas and plutons.

Jan 1, 1990

The re-development of the Mount Charlotte gold mine in Kalgoorlie was carried out piece- meal as funds became available. Optimisation of productivity to offset the high risk which is a function of an indefinite gold price, has been the principal objective of the management.

Jan 1, 1980

From statistics on general and electrical fatalities in the Australian mineral industry, it could be said that the present approach to industrial safety is irrational. Deaths are few and decreasing in number, yet spend- ing on occupational safety is large and increasing. State mine safety inspec- torates are being expanded and a National Occupational Health and Safety Commission was recently established. Recent data are analysed in the paper and mining industry fatalities placed in perspective with deaths in other areas. Cost effectiveness of different strategies is discussed along with social implications. Strategies found successful are described and others suggested.,

Jan 1, 1988

By King D

Recent field experiments in the United Kingdom (Buchanan, 1979) have shown that the in-seam technique is capable of detecting a 1m fault in a 3m seam, at a range of 280m and with a resolution of ¦40m. Comparable tests in Australian collieries are proceeding. Although the practicality of an implementation of the technique on a routine basis remains to be demonstrated, the potential of the technique for the prediction of outbursts clearly warrants detailed examination. This potential will,depend, inter alia, on the level and scale of variations in elastic (and anelastic) properties of bodies of coal undergoing stresses associated with mining. Available data, mainly from studies of the seismic properties of gas saturated reservoir rocks, confirm the intuitive view that stress increases give rise to increases in seismic wave velocity and decreases in wave attenuation, markedly at low stresses (as pore spaces close with little resistance) but less so as stress increases. Such increases are of the same order as aniso- tropic effects, but should provide impedance contrast sufficient for detection by in-seam seismic methods. At higher stresses, cracks form within the rock mass. Results from research on earthquake prediction provide some clues to the behaviour of sedimentary rocks sub- jected to large stresses. In particular, the

Jan 1, 1980

By D Reid, A Fourie

The in-pipe treatment of slurries with polymer addition shortly prior to deposition is a noteworthy emerging technology of increasing popularity. Although polymer treatment has been shown to substantially modify and improve depositional and dewatering behaviour in a significant number of cases, the impacts of polymer treatment on geotechnical performance of tailings are less well understood. For example, certain combinations of polymer and slurry type have been shown to result in lower final densities at a given vertical effective stress. Despite these lower densities, polymer-treated tailings often exhibit peak undrained shear strengths consistent with untreated material. However, the sensitivity and/or brittleness of the material may be negatively influenced by the looser state created. Although these changes have been studied, most testing available in the literature was undertaken on relatively ‘fresh’ samples of polymer-treated material. However, significant shear may occur following treatment and prior to the commencement of settling and self-weight consolidation as the material moves down the beach.To study the effects of shearing on the subsequent performance of polymer-treated tailings, a test program consisting of consolidation, triaxial and direct simple shear tests was undertaken on presheared polymer-treated material. Materials used were identical to those used in previously published studies on the impacts of polymer treatment in a ‘fresh’ condition. Shearing of the polymer-treated material generally appeared to lessen the impacts of the polymer treatment process. However, the behaviour of the material when sheared indicated that the polymer was still impacting the behaviour of the material in some respects. The results indicate the importance of the consideration of shearing on material behaviour when planning and designing a tailings deposit where polymer treatment is to be implemented.CITATION:Reid, D and Fourie, A, 2015. Effects of shear on the behaviour of polymer-treated slurries, in Proceedings Tailings and Mine Waste Management for the 21st Century , pp 215–224 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Jul 27, 2015

Mobile mining equipment presents only a small portion (ten per cent mining project costs but the selected technology will determine to a large extent the mining performance and mine profitability. The actual performance of the selected mobile equipment technology will rely on the support functions, infrastructure, user interface and user acceptance. Optimising the technology to match the circumstances is an increasingly important phase in a mine feasibility study. Smartly done feasibility studies include the possible future needs of changing or building-up of the selected technology. In massive mining applications the machinery faces quite different challenges than in selective or small-scale mining applications. In massive mining applications the efficient and continuous move of large amounts of material has led to the use of increasing degree of automation. This higher degree of automation in a mining application, on the other hand, will be best applied to a smooth and streamlined mining process and operation. Mining methods like block caving support automated operation. Automated mobile equipment needs supportive infrastructure, monitoring and information transfer systems as well as well established working procedures. Too often the user interface and human factor is disregarded during the consideration of automation. Through the available supplier programming tools it is possible to see how much the selected technology provides flexibility in changing production or economical situations, when major rebuilds or replacements are necessary, and view the effects of all these on the mine economy. When adequate technology is available from various sources, the difference becomes from preparing for the future, managing costs and combining the best layout with the most suitable technological solutions.

Jan 1, 2000

By T J. Napier-Munn, T Perkins

The JK Drop Weight test was developed at the Julius Kruttschnitt Mineral Research Centre (JKMRC) in the early 1990s as a means of characterising ore for the purposes of AG/SAG mill and crusher modelling. It has since been used extensively worldwide in the minerals industry as a key ore characterisation test which produces parameters which are used in comminution circuit design and optimisation. The test generates three parameters which are used in the AG/SAG mill model of the JKSimMet software. The resistance of the ore to high energy (impact) breakage is quantified with the A and b parameters. The oreÆs resistance to low energy (abrasion) breakage is measured using the ta parameter. The accuracy and precision of the results of the JK drop weight test are of great importance given that the parameters are key inputs in the design of such capital intensive items as SAG mills. Plant optimisation exercises also rely on the accuracy of the parameters to assist with improving the performance of an existing circuit. A thorough analysis of the accuracy and precision of the parameters generated by the JK drop weight test has now been undertaken by JKTech Pty Ltd (JKTech). An experimental program was designed using statistical methods to plan a hierarchical set of 24 drop weight tests on homogeneous material. Each stage of the test was identified and incorporated into the experimental design so that the contribution to the overall error of each stage could be quantified, including the effect of operator. The data were analysed by nested analysis of variance. An overall analysis of the A, b and ta parameters generated from the test program has now quantified the variance of these parameters more thoroughly than ever before. Using the results for the impact parameters, an analysis has been carried out to investigate the effect of these variances on final SAG mill comminution circuit design. The results will also be used to refine the comparative testing procedures currently in use by licensees worldwide.

Jan 1, 2008

By B Arthur, K Sexsmith, D Hockley, S D

At the proposed Crandon Project, mill tailings would be depyritised for upland disposal. The resulting pyrite concentrate would be disposed of in the underground workings as a cement-amended paste backfill. In the long term, the underground workings would be flooded and the potential for the paste backfill to generate acid would be limited. However, while the mine is operational, there is potential for oxygen ingress to the backfill that may lead to sulfide mineral oxidation and acid generation. A series of humidity cell tests were completed to assess the potential for groundwater contamination. To assess effects of surface area on oxidation, the humidity cell tests were conducted on moulded cubes of paste backfill. The tests were terminated at different intervals, and the cubes were dissected and examined mineralogically. Various leach extraction procedures were also used to assess the progress of oxidation and secondary mineralisation within the paste backfill. The test results showed that: the cement amendment significantly contributes to acid neutralisation and results in a lag in excess of one year before the onset of acidic conditions (in comparison to less than three weeks for the pyrite concentrate); the depth of oxidation in the paste backfill is restricted to about 1 mm after 107 weeks of testing; and secondary minerals form a distinct ærindÆ at the surface of the paste backfill. The results indicate that acid generation in the backfilled stopes would be minimal. The importance of including the surface area effect in the testing (ie using moulded cubes) is clearly demonstrated.

Jan 1, 2003

By K Mayank, A N. Mainza, I Govender, M Narasimha, A Mittal

In mineral processing industries grinding is the most energy-consuming process. A tumbling mill is an essential grinding equipment widely used for particle size reduction. Power consumption, impact forces and trajectory paths are critical parameters for characterising a tumbling mill to determine grinding efficiency. The effect of lifters and mill speed plays a vital role in such parameters. However, most of the studies ignore the impact of the lifter and do not investigate the effect of slurry dynamics on charge motion. The focus of the present work is to prepare a computational model that can accurately predict the complex multi-phase dynamics of charge particles, air and slurry inside the mill using a model that couples computational fluid dynamics (CFD) and the discrete element method (DEM). The details of impact forces with lifter profiles and mill speed variations will be refined even further using the CFD-DEM coupling approach. The slurry-air free surface is modelled using the volume of fluid (VOF) method, and the charge motion is modelled using the DEM. The phases are coupled using the interface momentum exchange between the charge and the fluid slurry. The coupled model is validated against experimental results from the positron-emitting particle tracking (PEPT) data. The validated model compares the effect of slurry content on charge dynamics with the dry DEM model. The presence of slurry is observed to dampen the tangential and shear contact forces.

Aug 24, 2022

By M Manefield, G Bournival, S Ata

Asteroids contain an abundance of valuable resources such as: nickel, cobalt, gold, platinum and rhodium. Whilst the consumption of mineral resources on Earth continues to deplete, meteoroids have the potential to become a significant source of minerals. Even though the minerals content of asteroids may be relatively high, the valuable minerals are more likely to be only a small portion of the total ore present in the main body. The ores must, therefore, be processed to extract the metals of interest from the waste. Existing terrestrial technologies rely on manipulating the physical and chemical properties of minerals. The application of these techniques to asteroids processing, however, is not straightforward due to the presence of different conditions such as zero gravity and lack of water in space. This paper discusses potential separation and extraction techniques that can be used for processing of asteroids.CITATION:Ata, S, Bournival, G and Manefield, M, 2015. Resource recovery in space, in Proceedings Third International Future Mining Conference, pp 275–280 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Nov 4, 2015