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By P Pelletier, J Tessier, C Duchesne

This paper summarises research into the study of the control of flotation processes based on froth images. A review of the froth flotation operation background and the relevance and role of the froth phase are presented. The use of numerical image analysis techniques for the extraction of significant patterns from industrial flotation froths is discussed. First, the froth was analysed by the use of the multivariate image analysis (MIA) method to extract the spectral variation contained in a RBG image. The partial least squares (PLS) method was applied to develop an empirical model for the prediction of froth grade. The results of this application are illustrated using an industrial case study. Second, the froth was also analysed by grey-level co-occurrence matrix (GLCM) and wavelet transform analysis (WTA) to extract features related more to morphological aspects. Since there is useful information hidden in froth texture, these methods are used as texture descriptor to classify different types of froths. They also provide qualitative information on the changes in the visual appearance of the froth. The pros and the cons of those methods are highlighted. Third, a control strategy based on a froth structure indicator was developed and implemented on an industrial zinc flotation circuit. The feedback controller uses the reagent flow-rate in order to maintain the froth structure at its set point. Process improvements obtained from the implemented control strategy are highlighted. Finally, the feasibility of implementing a hybrid control strategy consisting in a froth structure supervision controller based on the froth concentrate grade estimated by MIA and recovery inferred by image analysis is discussed.

Jan 1, 2005

By P Worsey, B Lane

The recommended maximum explosive weight for boulder blasting using internal charges is 0.15 kg/m 3 (Olofsson, 1988). Normally this charge results in excessive scattering and flyrock, creating increased liability for the operator, especially in congested areas. An alternative technique using smaller explosive charges is being developed at the University of Missouri-Rolla (UMR). It is designed to reduce boulder scatter, flyrock and fumes and allows shooting in close proximity, using common blasting products. The method comprises drilling a hole into the top of the boulder, inserting a small primer, filling the hole with water and shooting it. The hole is drilled approximately two thirds into the boulder and the charge (10 g/m 3 ) is placed half way into the hole filled with water. Upon initiation the primer produces a small volume of gas at extremely high pressure which acts upon the surrounding (relatively incompressible) water. The water transmits this pressure to the surrounding blasthole, hydraulically fracturing the rock. As the fractures propagate and the boulder expands a rapid increase in the blasthole volume occurs. Because of the small charge the gas pressure quickly dissipates reducing rock movement, resulting in a fractured boulder with minimal material leaving the immediate vicinity. The current work includes both laboratory and field testing programs. The laboratory program is focussed on determining optimum parameters at reduced scale using concrete cubes. The field program focuses on determining a minimum powder factor and includes shooting smaller boulders up to 1 m 3 underground and 1.5 to 5 m 3 boulders in a surface quarry. In both cases the boulders were obtained as oversize from regular production blasts.

Jan 1, 1999

ALTHOUGH it has been a matter of about one hundred years since the idea of the internal-combustion engine entered the mind of the inventor, the practical application of its use was not attained till 1860, when Lenoir produced an engine similar to the ordinary highpressure steam engine, with the valves arranged to admit the explosive mixture and the discharge of the exhaust gases. In this case no attempt was made to compress the gas before ignition, as it was then considered that the explosion under these conditions had a detrimental effect, inasmuch as it would act as a sudden blow to the working parts. Indeed, he went so far as to inject steam and water sprays to reduce the explosion.Under these conditions the consumption of gas was exceedingly high-about 106 cub. ft. of coal gas per b.h.p. per hour but the mechanical effect showed that the engine ran in every respect as smoothly and quietly as in best steam-engine practice.The extravagant consumption of this engine was clearly pointed out at the time by Gustav Schmidt in a paper before the German Society of Engineers, wherein he states :-" The results would be far more favourable if compression pumps, worked from the engine, compressed the cold air and cold gas to three atmospheres before entrance into the cylinder. By this means a greater expansion and transformation of heat is possible."

Jan 1, 1912

Historically the insurance industryÆs involvement in any project has been relatively late in the process. Often it was a case of the last item to be ticked off the checklist has been to ensure that the insurance is in place. However, in more recent times insurers have imposed more restrictions on the cover they are prepared to provide, which has in some cases necessitated a change in the contracting structure to accommodate the insurance policy(ies). In addition, changing contractual practices have changed the allocation of risk between the various parties involved. This calls for a more proactive approach to the design and implementation of an insurance program for both the construction and operational phases of any resource project. This paper explores how a risk managed approach to the design and implementation of an insurance program for a resource project can align itself with current management approaches to project development. From the authorsÆ experience, this approach is best adopted early on in the project (often in conjunction with the bankable feasibility study) and follows AZ/NZS4360 to objectively examine and compare a wide range of risk exposures of the project in a time-effective manner across the following areas: personnel; environment; general management; compliance û legislation, systems, protocols; asset management; change management; financial impacts to the organisation; products/services; service delivery; and technology. Having identified and then analysed the risk exposures according to common consequence and likelihood ratings the next step is to develop a risk map of all considered exposures. The true value of this approach lies in the development and implementation of a risk treatment plan for identified exposures where the exposure is unacceptable. The plans will lead to the optimal solution to the appropriate risk prevention, risk mitigation and risk transfer options available. This paper also examines other benefits to the project that may arise from adopting a risk managed approach in addition to the ability to design an insurance program which recognises the exposures and the ability of the organisation (and other project parties) to retain risk.

Jan 1, 2007

By J Zhang, O Ostrovski, C Zhang D Cai, Q Wang

The conventional CaO-SiO2-based mould fluxes are not suitable for high-Al steel casting because of the strong reaction between silica in the flux and aluminium in the steel strand. In the process of casting of high-Al steel, flux composition changes; with the decrease of the silica concentration and increase of alumina. Knowledge and understanding of the effect of the Al2O3/SiO2 ratio on flux structure and properties are useful for flux design for the high Al-steel continuous casting. This paper investigated the effect of the Al2O3/SiO2 ratio on structure, viscosity, phase composition of fluxes quenched at different temperatures and heat transfer of CaO-Al2O3-SiO2-B2O3-Na2O-Li2OMgO- F fluxes. It was found that flux melting temperature increased with the increase in Al2O3/SiO2 ratio. Viscosity of the flux melts increased significantly with the increase of the Al2O3/SiO2 ratio from 0.7 to 1.2, reaching the maximum value, and then decreased with further increase of the Al2O3/SiO2 ratio. Raman spectroscopy analysis revealed that the change of the Al2O3/SiO2 ratio led to the change of aluminate and silicate structural units. The turning point for viscosity was attributed to the change in the degree of flux polymerisation. X-ray diffraction (XRD) analysis showed that increasing Al2O3/SiO2 ratio increased crystallisation tendency of the fluxes. Heat transfer measurement by infrared emitter technique (IET) revealed that increasing Al2O3/SiO2 ratio led to the decrease in heat flux which is correlated well with the increased crystallinity of the flux. The results suggested that the flux with Al2O3/SiO2 ratio 4.3 is the best candidate among the studied CaO-Al2O3-based mould fluxes for casting of high-Al steel.

Aug 21, 2024

By E L. Kotova

Completeness of extraction of a mineral from ore depends on many reasons. First of all it is a function of quality of disintegration of ore. It is supposed that two basic factors: character of structure and texture of the ore aggregate and a disintegration technique influence the quality of the mineral aggregate destruction, æopeningÆ of its internal boundaries. In this paper, the problem of technological mineralogy from the point of view of genesis of the mineral aggregate, its typomorphical features and methods of their quantitative description are discussed. The purpose of this research is to provide information for technologists. It should enable the development of a rational flexible scheme of disintegration of ore with full extraction of a useful component, without its losses and without unnecessary expenses of energy. For achievement of this purpose the mineralogical information should have ½number and a measure+. By the authors, the technique of the quantitative analysis of fabric of the mineral aggregate based on several models û thermodynamic, crystallographic and geometrical is offered and discussed. The leading role in the quantitative analysis of a fabric of ore belongs to internal bounders. But internal bounders of the mineral aggregate by bounders or faces of the mineral individuals or mineral grains are formed. Their geometry, orientation concerning own (mineral grain) crystallographic lattices, orientation and distribution in space of the ore aggregate are proportional to the energy accumulated at origin and the further growth. These characteristics of mineral individuals are consequences of conditions of their formation. That is why the named triad of models is used. From crystallography it is known that faces of different stability and mobility form borders of crystals. They also contain different quantity of energy. Mineral grains also are faceted by different energy borders. They form intergrowths with each other according to a principle of balance or unbalance. That is why in addition to traditional parameters of the description of a fabric of the mineral aggregate (mode and grainmetrical composition) it is necessary to add new. For example, length and the square of intergrowthing bounders of mineral individuals differentiated (in couples), crystallographic symbols of borders, their roughness and so forth. Consequently, solving a problem of the geometrical characteristic of borders, we define also its power characteristic. In this paper experience of application of our technology in studying ores of one of deposits of Urals Mountains is presented. For realisation of these types of the analysis technologies of measurement, the program of calculation and the devices, which are carrying out the analysis in a semi-automatic mode, are possessed. Structure and texture of rock or ore aggregate reflect its formation and transformation conditions. It is important to understand that disintegration energy cannot be more than aggregation energy, the energy of intergrowths formation. The square and orientation of mineral individuals borders vary at pressures or stresses of mineral aggregate evolution. These phenomena often cause selective increase in the square of borders at constant average grain size, ie the granulation. Granulation presents the increase in quantity of mineral individuals while their modal share remains constant. At the same time their average mineral grains size. Some mineral individuals increase in size at increased pressure. When lithostatic or lateral pressure drops the majority of mineral grains increases in volume at the cost of intersticial or film solutions or fine grains. These are only special examples of the ontogenesis of the mineral aggregate. They illustrate our statement that all changes in fabric of the mineral aggregate are a reaction on varying external (ie geological) conditions. It is possible to consider that structurisation of totality of mineral individuals as a whole is a process of adaptation of the mineral aggregate, which forms and exists in varying force and energy fields. Differential and integrated geometry of total internal boundaries of the mineral aggregate serves as adaptation mechanism of the mineral grains system. Boundaries form intergrowths of the mineral aggregate. Thus, it is possible to consider that the most informative parameters of the stereometric analysis for restoration of the ontogenesis of the mineral aggregate are the following. First of all, it is a quantitative estimation of the volumetric shape of the ore mineral in crystallographic coordinates, a total area of borders of all mineral grains in the aggregate, the specific square of their boundaries, the specific square of intergrowth boundaries of the ore mineral separately with grains of each minerals of the matrix of the mineral aggregate as well as traditional grainsmetric and modal composition. For realisation of these types of the analysis technologies of measurement, the program of calculation and the devices that are carrying out the analysis in a semi-automatic mode are possessed.

Jan 1, 2008

By B McIntosh

Sustainability in its simplest assessment has been defined as æmeeting the needs of the present without jeopardising the needs of future generationsÆ. For the mining industry alone, this statement could indeed be interpreted by the many cynics in our community as an oxymoron; as miningÆs very existence requires the extraction and consumption of finite resources. However for the future of industry as a whole, the integration of mining, minerals processing and manufacturing presents us with a unique opportunity to achieve sustainability through the continued supply of metals and materials for society, in a manner which can achieve positive social outcomes through a triple bottom line approach.The Kwinana Industrial Area has been Western AustraliaÆs premier heavy industrial precinct for more than 40 years and its prevailing level of prosperity will ensure it remains a significant contributor to the State economy through the 21st century.The Kwinana industries depend on each other for the production of essential raw materials vital to their manufacturing and refining process, an innovation that also has significant environmental benefits.Formed in 1991, the Kwinana Industries Council strives to foster positive interaction between member companies and with the local community.The aims are:to co-ordinate the activities of Kwinana industries on a range of common issues; provide effective liaison with the local community; promote a positive image of Kwinana industries; highlight contributions to the community by Kwinana industries; and work towards the long-term viability of the Kwinana Industrial Area. The Kwinana Industries Council facilities these aims by focusing on developing and employing leading edge technology, giving workplace health, safety and environment top priority, and taking a committed, responsible and pro-active approach to environmental protection, whilst forging a two-way partnership with the local community.The sustainability of industry is the key objective for the Kwinana Industries Council and through the involvement of the 13 member companies industry strives to:achieve efficient processing of resources to provide a range of goods and services needed by the community; achieve acceptable and decreasing level of environmental impact; provide jobs and income for our community; and engage co-operative projects that benefit the local communities, the State and Australia.

Jan 1, 2004

By M Dorricott

This paper describes the design, construction and performance of sill pillars using cemented development mullock at the Crusader Gold Mine. The orebody is some 35 m - 60 m in length, 5 m - 8 m wide, dipping at 60¦ - 85¦ and plunging at about 40¦ to the north. It is accessed via a footwall decline. The ore occurs at the contact between basalt and ultramafic. This contact is characterised by shearing and alteration; and is prone to unraveling failure. The cut and fill mining method at Crusader extracts 25 m high ore blocks in four flat back lifts and one 8 m thick crown pillar. To enable full recovery of these high-grade crown pillars with minimal dilution, a 5 m thick sill pillar is constructed using cemented rock fill (CRF), after mining of the bottom two lifts in each block. Uncemented development mullock is used as rock fill (RF) for subsequent lifts. Development mullock and cement/water slurry is mixed underground to produce CRF. The fill is transported to the stope in LHDs and dumped on the floor. The sill pillar is advanced progressively, with compaction provided by the loader driving over the previously placed fill. Old jumbo rods are installed as shear pins along the flat dipping hangingwall to reduce the risk of rotational failure of the pillar. A fan of cable bolts is installed into the hangingwall to prevent unraveling failure in the sheared ground. Buffer blasting is used to minimise damage to the CRF sill pillar when the crown pillar below is extracted. At the time of writing, extraction of the crown pillar underneath the CRF has taken place at the 930 stope. The crown pillar was extracted successfully with dilution from the backfill and hangingwall minimised and 98 per cent of the gold recovered. This compares with pillars that were mined beneath uncemented backfill where only 70 per cent of the gold was recovered and where there was significant dilution from the backfill and from hangingwall failures. Where no CRF was placed, there were also numerous production delays caused by large rocks from the hangingwall blocking the stope brow.

Jan 1, 2002

By Hebblewhite B, Humphreys D

An experimental mining project has been carried out in the Collie Basin to demonstrate the safe operation of total extraction mining techniques in the underground mines of the basin. To achieve this, it was necessary to design and install a means of controlling or removing groundwater so that goafing of the overlying strata could be safely achieved as part of the mining operation. The site chosen for the experiment was a triangular panel adjacent to Western No 6 (WD6) underground mine, which includes the 3 to 4 m thick Wyvern Seam beneath 130 to 180 m of overburden. The test area abuts a major fault on the downdip side. The overburden and underburden sequences include several horizons of permeable sandstones which form major aquifers. Water problems have long been recognized in all underground mines in the Collie Basin, and have previously prevented the successful application of total extraction mining. Following extensive hydrological investigations, dewatering and depressurization systems were designed to dewater the immediate roof aquifers and to depressurize aquifers higher in the sequence and in the floor. This would enable stable roof conditions to develop and controlled goafing to be achieved. The roof dewatering/depressurization procedure involved a combination of in-mine vertical roof drainage holes and conventional dewatering bores constructed from the ground surface above the mining trial area. The dewatering system was installed and operated for 29 months before the commencement of mining. Mining was eventually successfully completed in two trial panels using a retreat Wongawilli extraction system using bridge conveyors and continuous miners. Water inflow into the mine workings was channelled to a constructed sump area at the lowermost corner of the panel and pumped to the surface via vertical sump bores. The dewatering and depressurization measures adopted were successful in permitting the first controlled and systematic total extraction recovery of coal from the Collie Basin. This trial mining exercise demonstrated the potential for increasing substantially the recovery of coal from the Collie Basin, where previously recovery rates of around 30 percent from underground mining were commonplace, using only bord and pillar methods.

Jan 1, 1988

OWING to two large falls of ground which resulted in serious accidents occurring towards the end of 1908, it became evident that the "open chamber" system then in use was unsuitable for the conditions existing in the Mount lVIorgan mine. It will be admitted that in all mining operation, the first consideration is the economy of the system adopted, combined with its safety and ability to give the desired output. A sectional system with square sets has been introduced into the mine, in which due attention has been paid to these factors. In this paper a brief description of this system will be given. An outline of those previously used will be ineluded, as it is necessary to understand the eonditions which existed in the mine at the initiation of the sectional system. Outside the actual mining methods employed, various points that might prove of interest will be touched on.The square set system of mining has been in use throughout the stopes in the gold ore in the upper levels of the mine since underground operations were started in Mount Morgan.

Jan 1, 1910

By Johnson N. W

After an unsuccessful transfer from the laboratory to the pilot plant of galena flotation technology which used sodium metabisulphite and ethyl xanthate, laboratory flotation tests were conducted to identify any unusual variables which had a deleterious effect on the position of the lead rougher grade recovery curve for Hilton and Mount Isa silver-lead-zinc ores. Two variables (pulp temperature and contact time for ethyl xanthate and sodium metabisulphite) had important deleterious effects.The findings allowed a successful transfer of the laboratory process to a pilot plant scale process. The effect of temperature was important because the higher temperature (40°C) in the pilot plant pulp increased significantly the rate of reaction between ethyl xanthate and sodium metabisulphite. In the laboratory process at 20 to 25°C, the reaction rate was lower and did not interfere significantly with the process. The contact time for the two reagents was also important in the pilot plant scale process because of the higher reaction rate at 40°C.To employ ethyl xanthate in the pilot plant process, special precautions were required. Further, a collector (Aerofloat 241) from the dithiophosphate family was used successfully in the pilot plant process.

Jan 1, 1988

It has long been recognised that Australia can benefit substantially in an economic sense from its rich resource base. The significant resources of the Gippsland Basin are a good example of the wealth of this nation. As cited in popular debate, Australia must value-add to its natural resources to ensure its long term economic prosperity. The significant oil, gas and coal resources of the Gippsland Basin have provided the Strategic Research Foundation with the basis for two major research and development initiatives ensuring the long term economic development of the Basin and Australia. The gas and coal reserves of the Basin together with the area's extensive history in electricity generation provide the rationale for establishing Ceramic Fuel Cells Ltd. A consortium comprising Australia's leading industrialist - BHP, State energy authorities and the Nation's major research and development organisations, has formed Ceramic Fuel Cells to undertake and manage research, development and commercialisation of solid oxide (ceramic) fuel cells which convert fossil fuels directly to electricity with greater efficiency and less pollution than existing technologies. The oil and gas resources of the Basin together with the valuable experience of the operators in recovering these resources, have provided the impetus to investigate the feasibility of a Marine Engineering Research Centre. The commercially oriented research, education and training objectives of the Centre are well supported by the leading industrialists in related industries.

Jan 1, 1992

By Rose W. J

Geophysical prospecting was first recognized in Australia as an important aid to mining enterprises in 1927, when, on the suggestion of Sir Herbert Gepp, the "Imperial Geophysical Experimental Survey" was organized. The function of this survey was to carry out investigations on the applicability and efficacy of the most important geophysical methods under Australian conditions. The survey was formed under the joint auspices of the British Empire Marketing Board and Australian Commonwealth Government, and the investigations were carried out in Australia under the leadership of Mr. A. Broughton Edge, B.Sc., A.R.S.M., F.G.S., M.Inst.M.M., during the years 1928 and 1929. A description of the work performed, the apparatus used, the principles of the methods, and the results and conclusions of the survey are included in a report published by the Cambridge University Press in 1931.In 1932 Sir Herbert Gepp became interested in some gold mines in Eastern Victoria, in the Cassilis and Bethanga districts, and realizing that the lodes in these areas would be favorabIe for a geophysical examination, he arranged for a series of tests to be carried out. This work was performed by Mr. E. L. Blazey, B.E.E., a former member of the staff of the Imperial Geophysical Experimental, Survey, under the general direction of, and in consultation with, Mr. W. J. Rose, B.M.E.The work was commenced in October, 1932, at Cassilis, Vie., continued at Talgarno, Vie., .and concluded at...

Jan 1, 1933

By L Boczek

The term Engineer of Record (EoR) is commonly used in North America and South Africa to define the responsible person for the design, construction and operational phases of a tailings storage facility (TSF). Recently, this role has been elevated in prominence within Australia, but what does it really mean? Recent updates to international TSF guidelines suggests appointing an EoR is good practice, but where does the responsibilities of the EoR start and finish. Interestingly, both Samarco and Mount Polley failures had active EoR’s in place. This suggests that nominating an EoR alone, is not the full answer to mitigating the potential for a TSF failure. Appropriate construction and operational practices are key to the success of the design of TSFs, where all too often, operators ignore the operating plans developed by the designer. To be successful, a key consideration of the EoR role, is involvement in the operational phase of the TSF. This requires ‘buy-in’ from the mine managers and a change in the way TSFs are perceived by site. This paper explores how the roles and responsibilities of the EoR can assist in improving governance of TSFs if implemented effectively and what role the client has to ensure the success of the EoR.

Jul 1, 2021

By A Holmgren, W Forsling

In the present study infrared attenuated total reflection (IR-ATR) was used to monitor the rate of in situ adsorption of heptyl xanthate on a layer of zinc sulfide synthesised on a germanium ATR crystal. The zinc sulfide surface was characterised using x-ray photoelectron spectroscopy (XPS). The absorbance of heptyl xanthate measured increased with increasing bulk concentration of the adsorbate up to an equilibrium plateau value corresponding to a fractional coverage of the surface sites of the substrate. For the adsorption from solutions of concentrations between 10-3 and 10-5 M, the rate of adsorption increased with increasing bulk concentration. At higher concentrations the measured absorbance should be corrected for the absorbance due to the concentration of xanthate in bulk solution. The present work provides a discussion of this correction. Assuming the adsorption stage to be rate-controlling and proportional both to the concentration of the adsorbing species in solution and unreacted surface area, a rate law governing this type of transient adsorption kinetics was derived. By means of absorbance data for the concentrations 0.1 and 0.01 mM, the rate constant of adsorption was calculated. From the initial part of a Langmuir adsorption isotherm, the absorbance at monolayer coverage and the equilibrium constant of adsorption could be estimated.

Jan 1, 2005

By M Bellamy

The DeGrussa copper deposit was discovered by Sandfire Resources in April 2009. Construction of the 1.6 Mt/a concentrator, open pit and underground mining operations commenced in March 2011 with first concentrate production achieved in October 2012. Over the next ten years, DeGrussa grew to include both the DeGrussa and Monty underground mines, establishing itself as one of the world’s premier copper producers with total production of 663 000 t of contained copper by the time the mine closed. Final ore was trucked from Degrussa on 5 October 2022. This paper examines the mine closure experience from both a planning and operational perspective. The paper provides an overview of the site’s mine planning process including the factors involved in determining the end of the mine life and how this was tracked and communicated in the lead up to the end of mining operations. It will also look at some of the specific operational aspects involved in maintaining steady state production all the way through to the last day while facing increasingly challenging conditions. These factors, along with the external factors faced by most of the industry such as labour shortages and COVID related disruptions, contributed to making it an interesting journey to the end of operations at DeGrussa.

Mar 29, 2023

By R R. Lovel, G J. Sparrow

Currently there are large reserves of good quality iron ore near to existing infrastructure that are not being developed because the phosphorous levels are above acceptable market specifications. Since the high phosphorous content is considered to be mainly associated with the goethite fractions of the ore, attempts were made to leach the phosphorous from the ore after a heat treatment to dehydroxylate the goethite. Heating the ore and leaching with 40 g/L NaOH lowered the phosphorous levels from 0.145 wt per cent P to 0.075 wt per cent P or lower, but a heating temperature over 800¦C was required to achieve this reduction in phosphorous levels. However, when sodium hydroxide was added to the iron ore before the heat treatment, similar phosphorous removal was achieved with a heating temperature of 300 - 350¦C. It was considered that dehydroxylation of the goethite in the presence of the hydroxide makes the phosphorous available for removal with a water leach. As well, 50 per cent of the silica and 60 per cent of the alumina in the ore were also removed in the leach, but some sodium remained in the leach product. Further work is required to remove the residual sodium to produce a marketable product.

Jan 1, 2009

By E C. Holloway

"The financial valuation of mining assets has a number of fundamental differences to the valuation of many other asset groupings. One such difference is that typically, the greater proportion of both the cost and revenue sides of the cash flow are inherently governed by systemic market forces.As a result, the range of outcomes for the valuation of each mining asset is more unpredictable, with higher levels of risk and uncertainty. In contrast, the management function of many other non-mining businesses or industry groups can control at least a portion of the cash flow by maintaining the margin or controlling the sales price. The management teams of mining businesses and operations typically have limited options, and are thus price-takers for both costs and revenues. As mining is an inherently cyclical industry, large, long-life operations can exist through several price cycles, making valuation both subjective and challenging.The outcomes of both static- and stochastic-based valuations, as well as the internal probabilities of the associated cash flow statements, are significantly impacted when the correlations between the appropriate parameters are quantified, modelled and incorporated into the valuation framework. The appropriate parameters for correlation modelling primarily include those that are governed by systemic market forces. Applying this process results in a different risk profile for the asset by allowing the risks resulting from systemic market movements to be more accurately quantified and then objectively minimised. This process also reduces the level of residual uncertainty in the valuation outcome.This paper presents a valuation methodology to pragmatically incorporate this level of valuation sophistication and statistically quantify the associated increase in the level of confidence of the valuation outcomes reported.CITATION:Holloway, E C, 2016. Correlated valuation methodology, in Proceedings Project Evaluation 2016, pp 181–200 (The Australasian Institute of Mining and Metallurgy: Melbourne)."

Mar 8, 2016

By E Ben-Awuah

Mine planning is the backbone of all mining enterprises and determines the profitability or otherwise of any mining investment. Providing high quality ore and tailings containment at the right time are the main drivers in oil sands mining. Recent environmental and regulatory requirements also makes waste management an integral part of mine planning in the oil sands industry (Directive 074). Due to the limitation of lease area, the pit phase advancement in oil sands mining is carried out simultaneously with the construction of tailings dykes in the mined out areas of the pit. These in-pit dykes are constructed to hold tailings that are produced during the processing of the oil sands ore after an initial external tailings facility. Most of the materials used in constructing these in-pit and ex-pit dykes come from the oil sands mining operation, making it necessary to have a plan for supplying the dyke material. The research problem here is categorised as: determining the order of extraction of ore, dyke material and waste to be removed from a predefined ultimate pit limit over the mine life that maximises the net present value of the operation û a strategic schedule; anddetermining the destination of dyke material that minimises construction cost depending on the construction requirements of the various dykes as per their designs û an operational schedule. There has been developed, implemented and verified a theoretical optimisation framework based on mixed integer goal programming (MIGP) to address the oil sands long-term production scheduling and waste management problem. The research introduced the development of multiple material types and multiple destination optimisation techniques using MIGP in the context of mine planning. This study presents an integration of mixed integer programming and goal programming in solving large-scale mine planning optimisation problems using clustering and pushback techniques.

Sep 26, 2011

The sixth international symposium on mining with fill nearly coincides with the 25th anniversary of the Jubilee Symposium on Mine Filling. That symposium, held in August 1973 in Mount Isa, in part to commemorate the 80th anniversary of The Australasian Institute of Mining and Metallurgy, was the first in what has turned out to be a very successful series of symposia. Subsequent symposia were held in Sudbury, Canada (1978), Lulea, Sweden (1983), Montreal, Canada (1989) and Johannesburg, South Africa (1993). The series of symposia has now become an established part of the mining industry calendar, and it will be interesting to see which country is given the honour, and accepts the challenge, to organise the next symposium.One way of predicting the future, or some small part of it, is to revisit where we have already been with a view to determining the existence of any trends that may impact on the future. An historical review of filling practice and research, with special emphasis on Australian experience in particular and worldwide in general over the previous 25 years, will enable me to address the historical and predictive objectives. Controversy can always be achieved by producing a best of list; it can be guaranteed that everyone will disagree with at least one of the nominations. On this occasion, the best contributions by individuals or groups in a number of areas of mine fill technology, over the last 25 years, will be the basis for the nominal awards. The controversy can be increased by posing a number of questions that, hopefully, some of the authors will address during their presentations. I imagine the social functions will be busy enough, but the questions may just add to the cut and thrust of the debate.

Jan 1, 1998