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The basic principles of mineral valuation were recognised and propounded at the beginning of this century and have remained virtually unchanged since then. Valuation is seen as a two part process commencing with a technical examination of the mineral property followed by a manipulation of the results of the technical examination in order to determine the monetary value of the project. A thorough and competent technical examination was seen then and remains now as the essential but not sufficient foundation for reliable valuation. All authors stressed the need to maintain the integrity of the data base and to ensure adequate coverage of all relevant aspects. The monetary valuation process through most of the first half of this century was mainly based on the Hoskold two rate method, derived from the formulae for valuing annuities but modified to provide explicitly for recovery of capital. Though the basic principles of valuation have not changed significantly, the means of implementing the components of the technical examination, the styles of deposits being evaluated and the mechanisms of monetary valuation have changed dramatically. Despite all the technological improvements, however, mineral valuations are still as apt to vary from realised performance as at any time in the past. As well, mineral property valuations are now being extended to cover all assets of potential value, including valuation of exploration tenements with or without identified resources. Valuation of exploration tenements will continue to be one of the most difficult and contentious of valuation tasks.

Jan 1, 1994

A summary of the more important work by previous workers is followed by brief descriptions of the rock formations and regional structure. Type examples of the various forms of mineralization are described and the conclusion is drawn that there has been one main period of ore formation, namely, during the "Viti Revolution" in the mid or late Miocene.INTRODUCTIONThe Crown Colony of Fiji is comprised of a group of some 250 islands situated between latitude 160 sand 21 0 S and longitudes 1770 E and 1780 w: By far the greater, part of the total area, 7,083 sq. miles, is contained within the two main islands, Viti Levu 4,053 sq. miles, and Vanua Levu 2,128 sq. miles, and it is to these that most geologists have directed their studies. The most detailed work has been in the Tavua Basin, north coast of Viti Levu, centering about the mining town of Vatukoula and the geology of this area forms the subject of a separate paper by Blatchford (this volume p. 13).The present contribution summarizes geological knowledge of Fiji, at the time of writing (Feb. 1952), with particular reference to the known mineralIzation, but excluding the Tavua Basin. For general descriptions of Fiji's topography reference should be made to the recent works of Derrick and Dunkin.PREVIOUS WORKERSPeriod 1840-1930Prior to the gold rush of the early 1930s the visiting geologists concerned themselves in the main with the struc...

Jan 1, 1953

This paper is intended to continue the subject in the light of recent work, from where it was left at the conclusion of the discussion on the excellent paper by the late Mr. Noel Haszard. The position then obtaining is briefly summarised below:-The points which received general agreement at that time were:-'(1) That the gold occurs, probably in an elemental form, in a state of very fine division in the pyrite.(2) That the aim in roasting of Kalgoorlie flotation concentrates should be to obtain the maximum porosity possible. The gold tellurides were amenable to treatment with either a' solution of high lime and cyanide strength combined with fine grinding, or bybromocyanidation without re-grinding.(3) That a low roasting temperature is essential during the elimination of the first atom of sulphur, if the final calcine is to give a good extraction by cyanidation.(4) Even with the best temperature conditions of roasting then determined, and after a period of cyanidation of the calcines until no further extraction was obtainable, the lowest calcine residues obtainable were equivalent to approximately 1·8 dwts. per long ton, based on an original concentrate of pure pyrite.There was some division of opinion at the time as to whether the temperature of the later stages of roasting was significant, and also as to the reason why the initial roasting temperatures had so marked an effect.

Jan 1, 1939

SINCE writing the above-mentioned paper, some further indicator cards have been taken from the No. 1 machine, and the writers believe that a reproduction of these cards will be interesting as illustrating the performance of the machine after fifteen month steady running, night and day, seven days per week and twenty-four hours per day, at the average speed of fifty-seven revolutions per minute (see Fig. 1, page 60). For the past twelve months no adjustment have been made in the valve setting, and the only repairs have been in connection with the springs of the poppet valves, and these but slight, the springs latterly having been removed. The cards illustrated were taken with one indicator, and, therefore, are not simultaneous, andmay show to some extent the yariations of individual strokes, and with that qualification may be taken as typical of the machine's average performance.In connection with some feed-water measurements of the winding engines a rough test was run with the two compressors, the Riedler and the Corliss, coupled to the condenser, and running at fifteen and fifty-seven revolutions per minute respectively, with the result of 15.9 pounds of steam per indicated horse power per hour. This result, though only approximate, seems to indicate that the No. 1 machine is running under the guaranteed consumption, and that it is capable of maintaining this under the severe conditions of everyday practice.

Jan 1, 1909

By T J. V Duffy, L H. D Siahaan, P G. Albert

G-ResourcesÆ Martabe Mine in North Sumatra, Indonesia, is a US$700 M world-class and world-scale operation in a country which, with a few notable smaller scale exceptions, has had no significant hard rock mining development in more than ten years.The mine was commissioned in the middle part of 2012 and poured first gold on 24 July. At full production Martabe will produce 250 000 oz/a of gold and 2 - 3 Moz/a of silver at cash costs in the lowest quartile. The mine location is on the west coast of North Sumatra, which experiences annual rainfall of 4 m with no notable dry season, adjacent to seismically active fault zones, and relatively close to a rural community of 31 000 people with no significant industrial experience.The management team has successfully forged strong links with the various government departments and levels in Jakarta, North Sumatra Province and the local Regencies; developed long-term relationships with the various community groups within the local district of Batangtoru to build a sustainable social licence; has dealt with the physical and environmental challenges presented by the project location, and has successfully raised more than US$900 M over a period of three years for the original acquisition then the development of the project.Whilst in its infancy of operation, the mine is set up to deliver a long-term sustainable future for the company, the shareholders, and the people of Batangtoru and all stakeholders generally. The quality of the project execution and commitment by the company will ensure that maximum value can be delivered from Martabe, not just for the current mine life but from the significant exploration potential that exists on the large tenement area that the company has access to for 30 plus years.This paper will deal with the physical challenges associated with the design, the Indonesian government regulatory requirements for mine development, the social aspects of building a world-class project in a developing area, the in-country commitment necessary for any project development anywhere in the world and the successful funding arrangements for the mine development.CITATION:Albert, P G, Siahaan, L H D and Duffy, T J V, 2012. Building AsiaÆs latest hard rock mine, in Proceedings International Mine Management 2012, pp 189-204 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Nov 20, 2012

By N Ganjian, A Delavar, F Rashidi Nejad

Iran is one of the most seismically active countries in the world, being crossed by several major fault lines that cover at least 90 per cent of the country. As a result, earthquakes in Iran occur often and are destructive. So, it is important to consider the seismic stability and reliability of all structures including tailings dams.In this study, the tailings dam stability of the Sangan Iron Ore Mine in Khorasan Razavi, Iran is considered for the case study. The tailings storage facilities of the mine have three cells with the capacity of 45 million cubic metres. The first cell, which has three stages of dam raising, has been recently brought into operation. This cell has a downstream-raised retaining embankment. As the risk of seismicity in this area is high, seismic response of this dam was evaluated by numerical methods. To do this, appropriate models were developed for materials used in foundation and body of the embankment. Then for seismic stability analysis, Tabas (Iran – 1978) and Chi-Chi (Taiwan – 1999) earthquake acceleration simulations were applied.The results of this study indicated that the upstream portion of Stage 3 of the dam and dam crest did not experience significant horizontal displacements during earthquake period, but the downstream portion of Stage 3 of the dam showed a maximum horizontal displacement of 60 cm at the third stage of dam raising. This is three times more than what was estimated by the designer. Also, the maximum vertical displacement resulting from simulation of the Tabas earthquake was 35 cm. The results of dam response to Tabas and Chi-Chi earthquakes indicate that displacement, shear stress and pore pressure by the Tabas earthquake were higher than the case of Chi-Chi earthquake. The higher energy of Tabas earthquake and the higher frequency near to the natural frequency of Tabas earthquake could be the reasons of this difference. The results of this case study confirm that if the studied tailings dam impacted by an earthquake of a similar magnitude to Tabas, the dam will be seismically stable and the developed strains will not be significant.CITATION:Delavar, A, Rashidi Nejad, F and Ganjian, N, 2015. Seismic stability analysis of Sangan Iron Mine Project tailings dam, in Proceedings Tailings and Mine Waste Management for the 21st Century , pp 173–182 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Jul 27, 2015

By M Zoorabadi

Overcoring is a common technique to measure in situ rock stress using the concept of stress relief. The strains measured during overcoring are used to calculate the stress tensor assuming continuous, homogeneous, isotropic and linear elastic behaviour. This approach does not recognise any effect of the thickness of the rock annulus produced during overcoring instead assuming that the stresses are entirely a function of the difference in strain between the start of the overcoring and the end with no regard to the transient strains produced. Three-dimensional numerical modelling was used to simulate the overcoring process and investigate the impact of core diameter on the transient stresses and strains during overcoring. This study showed that in thicker core, maximum transient axial stresses and strains occur when the drill bit approaches the measuring point and greater tensile axial stresses were produced when the annulus was thinner. CITATION:Zoorabadi, M, 2018. Numerical study of annulus thickness on overcoring stress measurements, in Proceedings The Fourth Australasian Ground Control in Mining Conference (AusRock), pp 274–278 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Nov 30, 2018

This paper is directed at the problems flowing from Australia's capital gains tax (CGT) on the disposal of exploration and mining tenements both in Australia and overseas. It will seek to identify the issues and give some idea of the dollar consequences of decisions lacking forethought. The paper should not only be seen in the context of Australian tenements. CGT applies to the disposal of any assets by an Australian resident anywhere in the world. Offshore incorporated companies are not necessarily free from CGT risk where it can be shown that control management and control of the relevant company is in Australia. Also the disposal by non residents of Australian tenements are potentially caught by CGT. Some will ask what has taxation got to do with a valuer who merely determines the value of assets. These days no determination can be blind to the consequences. Whether the consequences can encourage a movement in value is another thing dependent upon the circumstances; but? A role of an experienced taxation consultant is to point out parameters within which associated professionals can work. The parameters will vary from case to case, but these when clearly indicated may be of help to persons such as valuers. When one comes down to it real estate salesmen are never wrong. They have a feel for the market and almost through self fulfilling prophesies achieve sales at their guestimates. Whether they could have achieved higher considerations become virtually academic in the process. Of course I am not suggesting that tenement valuers can be compared to real estate salesmen, or am I? What is the value of a tenement? Is it the DCF/NPV type of generated value based on a large number of variable factors (ie what one may call the fundamental value)? Or is it what another may pay to purchase that tenement if it were on the market at an instant point in time? How big is the market, the quality of the bidders, the size of their purses, the needs of the buyer for comfortable fit, the premiums for foreigners, the standard of the marketing, the industry intelligence level of the bidders, the obligation to farm/sell down? The list goes on endlessly. One question must be.asked-"Is a range of values acceptable for tax purposes". ie Would any tax consultant ever provide a valuation to the Australian Taxation Office that indicates three or more possible values ie

Jan 1, 1987

By K S. Smith, B P. Jackson, P J. Lamothe

The upper Arkansas River south of Leadville, Colorado, USA, contains deposits of fluvial tailings from historical mining operations in the Leadville area. These deposits are possible non-point sources of acid and metal contamination to surface- and ground-water systems. We used stable-metal isotopes to help ascertain metal retention and release mechanisms that influence metal transport from the deposits to shallow ground-water systems. To accomplish this, we excavated an intact core from a small fluvial tailings deposit and performed laboratory column experiments to examine the amount of metals leaching through the core. Deionised water was continuously applied to the top of the core, and effluent was collected from the bottom of the core for a period of about two months. Three saturation conditions were used, including unsaturated, partially saturated, and fully saturated. Reducing conditions developed upon partial and complete saturation of the core. During the unsaturated leaching phase, core effluents were acidic (pH 2.8 - 3.5) and contained elevated metal concentrations. During a portion of the unsaturated leaching phase, stable-metal isotope spikes and conservative tracers were simultaneously applied to the top of the core. The isotopes provide a means to delineate metal behaviour within the core. During the unsaturated leaching phase, the isotope spikes did not exhibit breakthrough with simultaneously added conservative tracers. However, some of the stable-metal isotope spikes did break through when reducing conditions occurred in the core (during the partial- and completesaturation conditions). In this paper, we use Cd as an example of the utility of stable-metal isotopes in geochemical studies. In the case of Cd, after the core was partially saturated, the 111Cd spike was released as evidenced by a change in the Cd isotope ratios in the effluent. This release continued during the fully saturated leaching phase, however, the total Cd concentration did not increase. These results suggest that the 111Cd spike was retained inside the core during the unsaturated leaching phase, and only partially released as reducing conditions developed. Results from this core-leaching experiment indicate there is a large reservoir of water-soluble material within the fluvial tailings deposit, which yields elevated metal concentrations and high acidity, and which may degrade adjacent ground- and surface-water quality. Use of stable metal isotopes in this study facilitated the determination of different metal-retention processes, metal-release processes, and metal sources in the fluvial tailings deposit in response to changing geochemical conditions.

Jan 1, 2003

The mining industry has a well deserved reputation earned over the years for innovation, engineering, management and the quick application to mining of emerging technology. The cumulative result is the economic exploitation of lower grade resources. The developments during the last decade have done nothing to tarnish the reputation. There are many that come easily to mind: the use of contractors for both surface and underground operations, a trend toward mine management contracts, the increasing recognition of the economic potential of ground support, and the development of physical measures to achieve it, - sophisticated measures to analyse blasting , and thus improve fragmentation, - instrumentation to assist geotechnical appraisal, - the development and application of the powerful and flexible, excavator, - the evolution of measures to improve grade control, - massive improvements in equipment productivity and reliability built largely around the application of hydraulics, - the development of powerful computer packages for orebody modelling, mine design and extraction, - simple "dense" fill systems, - maintenance management techniques including the greater use of off-site maintenance of exchange components, - the utilisation of communication systems for data transfer.

Jan 1, 1989

By Oliveira JF

Thiourea is an alternative reagent for cyanide in gold leaching. The recovery of gold from acidic thiourea solutions by adsorption on activated carbon is based on methods similar to those applied for the extracting of gold from cyanide solutions, but the mechanism involved in the process is not completely understood. In the present work, studies were carried out to evaluate the adsorption of gold onto activated carbon. Experimental data showed good agreement with both the Freundlich and Langmuir isotherms. The adsorption of gold from acidic thiourea solutions proved to be an endothermic process, while the adsorption from cyanide is known to be exothermic. The isosteric heat of adsorption of -11.3 kcal/mol in the early stages of the adsorption is an indication of a process involving chemisorption. The effect of temperature was studied between 15¦C and 55¦C. An activation energy of 3.5 kcal/mol was determined by the Arrhenius plot, which indicates that the controlling step in the kinetics of adsorption is the diffusion onto the porous structure of the activated carbon.

Jan 1, 1993

This paper critically reviews the role of institutional research contractors (eg universities and the CSIRO) in the delivery of effective research, development and demonstration outcomes in mineral and coal processing to the Australian mineral industry. The criteria by which such R&D is justified, and the problems of quantifying the benefits of such research, are considered. Third-party funding mechanisms such as NERDDP and AMIRA are reviewed in the context of the difficulty of setting national research priorities. Some case studies are presented which illustrate both the problems and the advantages of institutional research for industry. The transfer of research outcomes to industry is identified as a significant problem which limits the effectiveness of all institutional research. Other topics reviewed include research management, the relationship between industrial companies and their research contractors, and the real costs of research. The paper offers suggestions for the ingredients needed for a successful industry-institution relationship, based on the Australian experience. It is concluded that the Australian model for this relationship is a very effective one, although there is still room for improvement.

Jan 1, 1992

Geologists often classify ore textures on the basis of the origin of the rock in which they form and the grade of one or more minerals within the ore (Sinclair and Blackwell, 2002, pp 32-36).  Metallurgists, on the other hand, need to know how best to process the ore in order to extract the valuable minerals from it (Petruk, 2000). Geological classification has the following disadvantages:it requires the services of skilled economic geologists, of whom the supply has been dwindling for many years;it is subjective, depending on the perceptions of the individual geologists who make the classification; andit may relate only weakly to processing requirements of the ore. We describe methodology for automatic classification of ore textures from images of drill core. The images analysed are æclassifiedÆ images, in which a particular mineral (or mineral group) is assigned to each pixel. The new methodology is intended to:provide a quantitative and reproducible alternative to traditional geological texture classification,relate to process mineralogy of the ore, andimprove the ore-texture-related input to orebody domaining and geostatistical block models.

Jan 1, 2008

By Nolan D. P, Balales M

Over the last two years work has been undertaken within the Pasminco Metals - BHAS Zinc Plant to improve the efficiency and maintain the production capacity of the operation. The work has centred upon the installation of suitable process instrumentation to improve process control and the development of new unit operations to maintain control of the circuit water and sulphate balance. A key aspect of the new process instrumentation has been the development of an on-line analyser to monitor the total antimony concentration during zinc dust purification. As a result of changes made to the Zinc Plant in order to contain all effluent within the circuit, a problem developed with control of both the water and sulphate balance of the circuit. A new neutralisation plant to treat all cell house waste water so that it can be contained within the circuit has been developed and installed. In addition changes have been made to the existing circuit to control deliberately the circuit sulphate concentration by precipitation of sodium and potassium jarosite.

Jan 1, 1993

There is considerable economic incentive to increase the angle of open pit walls so as to reduce the total volume of waste to be moved to gain access to an orebody. However, a number of slope failures has increased the awareness of mine operators to the potential and consequences of slope failure. Sophisticated methods for the analysis of slope stability have been developed but they rely on an understanding of the appropriate parameters to describe the structural properties of the slope materials. Unfortunately, these properties change with time.The excavation of an open pit mine removes the constraint and weight of the overlying material and allows the newly formed slope to release previously locked in stress. The release of this stress allows the opening of joints and leads to a significant reduction in bulk modulus. The rock mass is also further affected by damage from nearby blasts. Such damage is cumulative and further reduces the modulus of the near surface material and weakens the bonds between structural elements in the slope.

Jan 1, 1992

By Porter I, Singh RN

An advanced elasto-plastic finite element model adopting a modified Von Mises yielding criterion was used to simulate progressive failure of the rock strata surrounding a room and pillar mine structure. The model conformed to the strain-softening behaviour of rock and accounted for post-failure residual strength. The simulation was achieved in such a way that material values were updated after each FE run, according to the stress criterion until the solution reached the final equilibrium steady state of the mine structure. The suggested structural stability analysis approach accounted for the main features of the structure degradations produced during loading through changes in rock material stiffness and subsequent evolution of stresses. Comprehensive parametric analysis was performed and the inevitable effect of interaction of the roof, pillar and floor on the overall mine stability limit was investigated. The numerical results clearly showed that linear models could not realistically represent the true behaviour of the mine structure. The results obtained are in good agreement with that predicted in the field.

Jan 1, 1992

By Napier-Munn T. J, Morrison R. D, Moloney M. J, Corrans I. J

A dynamic simulator for CIP / CIL gold recovery plants has been developed at the Julius Kruttschnitt Mineral Research Centre within a collaborative, industrially - funded AMIRA project and with the participation of the Western Australian School of Mines. The simulator incorporates kinetic models for the leaching of gold from ore and its adsorption onto activated carbon, and the residence time distributions of the leach liquor, pulp solids and carbon in the circuit. Features of the simulator include the effects of gold loading distributions on both the ore and carbon on reaction rates, and the difference in residence time distribution between the leach liquor and pulp solids. The simulator allows for the estimation of kinetic model parameters from full scale applications, as well as some scale - up of parameters from laboratory batch tests. The laboratory tests were conducted at the WASM as part of the collaborative research project. The simulator can operate in both steady - state and dynamic modes, and has potential applications in design, optimisation and control of CIP / CIL plants.

Jan 1, 1991

By R Bunduwongse

The oil crisis had repercussions throughout the world and most importantly on mining, where the drive to reduce the use of liquid fossil fuel led directly to the appearance and subsequent growth in the design of mobile crushers in late 1970s early 1980s, which heralded a new era in both quarrying and mining. Even though mobile crushing has now become common, even preferred in the quarrying industry, this has not been the case in mining. This paper looks at why, in spite of the initial optimism, this technology has yet to gain full acceptance in the mining industry. The paper examines some of the problems that have been encountered in the past and offers suggestions as to how they can be avoided by applying the appropriate technology. It then takes a look at the successful application of the semi-mobile in-pit crushing system used by Italian Thai Development Company (ITD), on the Mae Moh Phase 5 contract and examines how the techniques used successfully there could be applied to the industry at large.

Jan 1, 2007

By R C. A Minnitt

The Witwatersrand Supergroup is host to the world’s largest gold deposits. The location, quantity, grade, continuity and other geological characteristics of a Mineral Resource are either known, estimated from specific geological evidence and knowledge, or interpreted from a well constrained and portrayed geological model. Establishing such a model is an integral part of the evaluation process in the Anglogold Ashanti (AGA) group, and is referred to as a Geoscience Business Model for the mining operations. The geological model established over the years has relied on detailed descriptions of the mineralisation, and understanding of the regional and local geology of the Witwatersrand sediments, in the West Wits and Free State goldfields. The processes of data collection in regard to underground stope and developing mapping, structural and sedimentological mapping, and the geological inputs to mine planning systems are described, together with aspects of drilling, sampling, grade control, and data management. Anglogold Ashanti’s Geoscience Department employs a complex and unique process to generate the Mineral Resource, including a 3D geological structure model of the orebodies which are usually highly faulted, and a robust mineralisation/facies model on which the decisions about domain boundaries are established. A Mineral Resource Inventory System (MRIS) has a dynamic graphic interface to the resource database that is used for compiling the resource statement. It is also used to determine the gold-called-for, as well as short and long-term planning. A unique estimation process using the extensive closely spaced stope face sampling database and the more widely spaced surface drilling information is used in combination in the Macro Co-Kriging estimation. The use of different support sizes in the C0-Kriging process is preceded by the equally unique ‘clusterisation’ and ‘acceptorisation’ procedures by which the data are quality controlled and assured prior to their use in the kriging process. The Mineral Resource and Ore Reserve estimates are classified according to the SAMREC code through a method that ensures that they are compliant, auditable, transparent and reconcilable with previous Mineral Resource and Ore Reserve statements.

Aug 22, 2011

By E K. Chiw, S-M Jung, S M. Masuka, ika

The world reserves of high-grade iron ore have depleted necessitating the need to utilise any existing natural iron ore deposits to meet the demands of the world’s expanding economy using hydrogen in the reduction process to curb CO2 emission. These low-grade ores include iron ores with high phosphorus content. The thermodynamic conditions in the blast furnace allow for the reduction of phosphorus that readily dissolves into the molten iron. Phosphorus in the gaseous state readily dissolves into the molten iron and therefore must be removed due to its negative influence on the mechanical properties of steel. The removal of phosphorus from molten iron is difficult causing the phosphorus to concentrate in metallic iron. The aim of this study is to provide basic knowledge on the phosphorus distribution after reduction using the CO-H2 and possibly provide the optimum conditions for phosphorus partitioning into slag, increasing the probability of its removal by magnetic separation. Total porosity, pore size distribution and surface area of the pellets used were measured using a mercury pressure porosimeter. The reduction was carried out using thermogravimetric analyses (TGA). The reduction rate increased with increasing H2 and was highest when 100 per cent H2 was used. Metal elements distribution in the reduced pellet was clarified using electron probe microanalysis (EPMA) and showed that phosphorus was distributed in the same areas as Ca. More phosphorus was concentrated in slag when 50 per cent CO–50 per cent H2 was used, increasing the probability of dephosphorization using magnetic separation. The concentration of phosphorus into slag was related to the rate of reduction. Further investigations into the reduction kinetics of this ore by CO-H2 is suggested to validate these findings. Nevertheless, a comprehensive thermodynamic analysis of the reduction of phosphorus containing phases found in iron ore with carbon, CO and H2 was provided to assist in selecting the optimal reduction experimental conditions.

Sep 18, 2023