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By B Dodd

This paper details how the Australian Securities and Investments Commission (ASIC), as a disclosure and conduct regulator, approaches regulation of continuous disclosure, capital raising and control transactions in the mining and resources sector, and the reasons for the approach. In examining this topic the paper considers the Joint Ore Reserves Committee (JORC) Code (JORC, 2004), the VALMIN Code (VALMIN Committee, 2005), the relevant ASX Listing Rules and the relevant provisions of the Corporations Act 2001 (Corporations Act). This paper discusses ASICÆs approach to expert reports and disclosure with reference to Regulatory Guides 111 Content of expert reports and 170 Prospective financial information.CITATION:Dodd, B, 2012. Issues in capital raisings and disclosure, in Proceedings International Mine Management 2012, pp 3-14 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Nov 20, 2012

By S Mitra, B J. Monaghan, T Honeyands, G Evans, R Chowdhury, D Scimone

Due to the harsh operating conditions, wearing of the inner refractory lining in a Basic Oxygen Steelmaking (BOS) furnace reduces the useful life of the refractories and incurs a significant cost component for relining. In this study, firstly, a combined compressible and incompressible computational fluid dynamics (CFD) model was developed to identify the potential wear prone zones in an industrial scale BOS system during the supersonic oxygen blowing phase by quantifying the wall shear stress distributions. Next, the retained slag splashing process was simulated by introducing an inert gas to residual slag mass to achieve a protective coating on the refractory walls. Effect of both design and operational parameters such as lance head configuration, lance position and the initial slag volume on the slag wall coating performance were quantified and most favourable conditions were determined.

Jun 19, 2024

By J Palarski

Over the last 100 years in the Polish mining industry considerable work has been done to assess optimum slurry, develop flexible delivery systems and adjust the fill technology to a wide variety of mining and geological conditions. Sand or industrial mineral waste materials for the backfilling of underground voids are used to control ground movement and surface deformation. This paper discusses various criteria to he considered in the preparation of a fill, including slurry properties, mine infrastructure, mining geometry, placement methods and the purpose of the backfill. This paper presents laboratory and in situ test data on the influence of materials parameters on the slurry flow in a pipeline system, stiffness, permeability, binding time and strength of a backfill, on the distribution of mixture in underground voids or the penetration between roof fall Materials.

Jan 1, 1998

WMC Limited, owner/operator of Olympic Dam, the worldÆs largest underground uranium mine and the fourth largest underground copper mine has now completed an expansion that has been classed as a benchmark in the mining industry. To achieve a production increase from 3.4 to 9.25 Mtpa from an underground mining operation in two years was a major challenge, it was essential to review the overall materials handling system from æthe face to the stockpileÆ. The challenge was two-fold:How to deliver 30 000 tonne of ore per day to the processing plant, from a single underground mine? To provide the processing plant with a consistent metallurgical feed. This paper traces the transformation from the old to the new materials handling system at Olympic Dam.

Jan 1, 2000

By S Kodate, Ö Aydan, Y Suda, J Tomiyama

Fracture zones are commonly found in the Earth’s crust. These zones may cause very severe engineering problems. Therefore, the formation and the assessment of the mechanical characteristics of these zones is of great concern for rock engineers. A new double shearing jig was used to study the formation of shear zones in rock under static and impact loading conditions using the device developed by the authors. A series of experiments were undertaken to investigate formation on the formation and characteristics of fracture zones in laboratory. Although actual fracture zones are more complicated, various tests give some insight view of the formation of fracture zones as well as some information on their mechanical behaviour under both dynamic conditions and static conditions. The authors report the outcomes of these experiments and discuss their implications in practice.

Nov 29, 2022

By L C. Thompson

This paper examines six sites in Northern Nevada where soils and groundwater have been contaminated with petroleum hydrocarbons and/or organochlorine compounds. All six of the sites studied are located in an arid, highly mineralised area of the Great Basin. As a part of the original geochemical investigation to determine the applicability of biodegradation in the remediation of petroleum impacted soils and aquifers extremely high levels of uranium, vanadium and molybdenum were detected in the anaerobic groundwaters associated with some of the hydrocarbon plumes. Some groundwater uranium concentrations exceeded 7 ppm while vanadium and molybdenum concentrations reached almost one ppm. The bioleaching appeared to be most effective under methanogenic conditions and was noted in both high sulfide and low sulfide environments. Background concentrations of uranium in the formation were measured between 6 ppm and 109 ppm and highly dependent upon depth with the highest levels being found in association with evaporites. Unlike uranium, vanadium tended to concentrate in free-floating organic fractions reaching levels as high as 2000 ppm in the layers of jet fuel floating above the groundwater. Molybdenum was the most resistant of the three metals to bioleaching.

Jan 1, 2004

Open stoping dimensions are typically controlled by a number of factors including production drilling capacity, scheduling, fill constraints, orebody dimensions and host wall rock conditions. Frequently host wall rock conditions are the key control on stope dimensions. As a new mine is brought into production, there is a steep geotechnical learning curve for those associated with the development of the mine. Initially, the experience and observations gained at other mines is used to guide the stope design. As experience is gained at the new operation, site specific techniques can be validated for use. This has been the case at BHP Cannington, where a heavy emphasis has been placed on the validation of empirical stope stability techniques for site specific conditions and experience. A range of empirical and numerical techniques can be applied during the design of open stopes. The empirical techniques are an experience based application of known performance levels during the design of open stopes. The numerical modelling and structural tools can be used to compliment the empirical techniques so that an understanding can be gained of the likely stress and structurally controlled failure mechanisms.

Jan 1, 2000

This paper deals with the Australian taxation laws, and in particular the income tax laws, as they apply to mineral exploration and development both in Australia and off-shore. The Australian tax laws are imposed principally at a Commonwealth level. The most important Commonwealth taxes are Income Tax, including Capital Gains Tax, Fringe Benefits Tax, Sales Tax, Customs Duty, Excise Duty and Bank Accounts Debits Tax. The States of Australia impose Stamp Duties and Financial Duties, Payroll Tax and Land Tax. The Australian Income Tax Law including Capital Gains Tax, is the most significant tax in the country. The principal features of the income tax law are as follows: tax is imposed on a taxable income being the assessable income less allowable deductions; a full imputation system of company tax applies; a foreign tax credit system applies to both companies and individuals; capital gains are taxed as income and subject to income tax rates but the gain is inflation adjusted. Australia has negotiated tax treaties with most of its trading partners based on the OECD model; and special tax concessions apply to the mining industry.

Jan 1, 1987

By Johnson G. D

Confidence in Yakabindie becoming a truly cost competitive nickel project has risen recently because of: ò the emergence of an economically effective contract mining climate; ò the delivery of cheaper energy via the Goldfields Gas Pipeline; and ò the development of the Yakabindie Process for production of nickel cathode and cobalt by-product directly from sulphide concentrates at site, dramatically cutting capital and operating costs compared to the conventional route. Development of the Yakabindie Process was a result of 'necessity being the mother of invention'. Yakabindie can now break out of the trap of relying on existing downstream processors to treat an intermediate, and instead the project can gain direct market access. The very attractive cost advantages demonstrate that hydrometallurgical processing of sulphide concentrates is a worthy prize. Improved cobalt recoveries, and tolerance of higher levels of magnesium and arsenic than allowable by smelters, are further advantages of this approach. Leach residues are combined with much larger quantities of naturally alkaline flotation tailings and remain at site. As a result the process is more environmentally sensitive than the conventional smelt/refine route, with no sulphur dioxide gas emissions and 'metal only out the gate'.

Jan 1, 1996

The demand for minerals will grow strongly to satisfy the needs of an increasing world population for materials and energy. The technical problems involved in producing these minerals will be daunting and the engineers who will have the responsibility for designing and controlling the mineral production processes must have a high level of skills. This will place a heavy responsibility on the education system. A small number of large, well equipped university departments dedicated to mineral processing and having a close working relationship with the mineral industry, and an international orientation, will be much better placed to meet the needs than a large number of small ill-equipped departments which find it difficult to remain viable in modem universities. Courses in mineral processing must be designed to meet the scientific and technological needs of industry and full use must be made of innovative educational techniques such as video conferencing in delivering the courses. The concept of a major international network of major mineral processing departments which is designed to make best use of scarce academic resources is important and should be considered by the International Committee of the IMPC.

Jan 1, 1993

By G L. Simmons, K M. LeVier, R Kappes

The low potential hydrophobic state of pyrite in amyl xanthate (PAX) flotation with nitrogen is of particular interest with regard to the N2TEC flotation technology currently being used for the recovery of auriferous pyrite at NewmontÆs Lone Tree Plant in Nevada. Initially, the N2TEC system had been found to operate satisfactorily, but cyanide in the flotation mill water appeared to be responsible for a loss in pyrite recovery. This supposition was confirmed with laboratory experiments, and a program was initiated to study flotation chemistry variables by electrochemically controlled contact angle measurements. Experimental results show that activation of pyrite in such cyanide solutions can be achieved more effectively with lead than with copper. Subsequently, based on these fundamental studies, significant improvement at the Lone Tree Plant was achieved by lead activation, in which case the recovery increased to expected levels. The effect of activator is particularly significant not only with respect to pyrite depression by residual cyanide, but also with respect to collector (PAX) consumption and the initial state of the pyrite surface. Experimental results show the importance of the pyrite surface state and the rather interesting features of the activation process.

Jan 1, 2005

Victorian brown coals occur in massive deposits, the quality of which is determined in the first instance by means of samples taken from exploratory bores. As a number of important utilisation characteristics are connected, not with the relatively homogeneous organic mass of the coal, but with minor components such as the ash content and particular constituents of the ash, it is necessary to know how bore samples relate to coal finally used in the process concerned. Tests are described in which the statistical parameters associated with bore sampling, operational sampling and sample reduction and laboratory procedures including a range of coal analytical methods were determined. These indicated properties where analytical errors were relatively high and where sample reduction procedures contributed substantially to imprecision in results. They also showed the effects of the non-homogeneity of brown coals with higher than normal ash contents. A further experiment explored the relationship between samples taken at various stages in the course of test boring, digging, and burning a defined 'block' of coal, and demonstrated an apparent increase in the proportions of adventitious mineral constituents as the 'intensity' of sampling Increased.

Jan 1, 1976

Engineering availability of the 120/200 tonne Wabco haulpak fleet at Mt. Whaleback was in the mid fifties and unstable. The project to achieve a reliable 66% during 1980 highlighted "plannable" maintenance, short cycle scheduling, condition monitoring, backlog control, and, above all, the importance of involving all affected people. It is not sufficient for consultants to design systems and make them work. The people who use the system must understand it, support it and "own" it. In this way, they will develop it and improve results after the outside help has been withdrawn INTRODUCTION In early 1979, PA proposed a programme to improve engineering availability of the Mt. Newman Mining fleet of 70 Wabco haulpak trucks of which 53 were 120 tonne and 17 were 200 tonne units. (Subsequently five 200 tonne trucks from Hamersley Iron were added to the fleet). The ore truck workshop was also responsible for 75 tonne trucks used as water trucks and general purpose vehicles. The need for action was clear. The fleet was achieving availability in the "mid fifties" with wide variations indicating that the fleet was becoming unreliable. Projected tonnages required a reliable 66% availability to be

Jan 1, 1982

By D F. Akhmetov, M Yasuike, M Komazaki, Y Kawa

Remote monitoring of geological situation at distant regions with complicated relief, including reliable detection of the rock falls and estimation of the scale of accidents, is of great importance for practical needs. In the paper, vibration data, caused by fall of sample objects and registered by cable sensors, are processed and analysed in order to construct some measure for the indirect evaluation of weight of fallen objects. Nonlinear models, which based on artificial neural networks (ANN), are proposed for the signal presentation. To improve and simplify the learning and classification abilities of the whole system, the aggregative learning method (ALM) is implemented. ALM features relatively low memory and computational resources needed for the procedure realisation, especially for data classification (recall) stage, in compare to conventional methods. The validity and efficiency of the proposed approach are tested through its application for rock fall detection and weight evaluation system using cable sensors and mobile communication network. Classification abilities of the proposed approach are shown useful for estimation of the fallen object weight. Characterised with high computational efficiency and simple decisionmaking procedure, the derived method can be useful for simple and reliable real-time monitoring system design.

Jan 1, 2003

By D Cohen, A Wurster

Many Southern African mining operations produce mine water which is beneficially and productively utilised on the mine sites and to support other water uses. Mine water treatment typically takes place within the context of integrated mine water management involving pollution prevention, waste minimisation, recycling and reuse as well as river discharges. Development of new and improved mine water treatment has focused on the neutralisation of metals removal, desalination of high sulfate waters and passive treatment. Mine water neutralisation processes now incorporate a combination of natural limestone and lime treatment, as well as features to maximise gypsum precipitation. The South African CSIR developed a suite of limestone-based neutralisation processes, which include reuse of CO2 and CaCO3 generated in the process. Desalination of high sulfate mine water is typically done using one of the following technologies:biological sulfate removal with different approaches to the handling of the sulfide generated in the process, and ultrafiltration (UF)/reverse osmosis (RO) treatment with different approaches to the handling and disposal of the brine. The current research and development focus is the separation and recovery of saleable products from the treatment residues and brine streams.

Jan 1, 2006

By Smith I. T

Mine operators have long recognised that the results achieved in primary blasting are critical to subsequent mining activities. With the introduction of "in the hole" drills under- ground and the advantages offered by the use of water gels in conjunction with ammonium nitrate-fuel oil (ANFO) explosives, new mining methods have been developed and enabled improvements in older methods. Pumpable water gels have been used with varying success underground. These gels allow a high loading density even in ragged bore- holes. The problems encountered with slumping in upholes is recognised so the current trend is to use these gels in downholes where wet holes are prevalent. Cartridged water gel technology has advanced to the point where it has allowed the replacement of nitroglycerin (NG) based explosives and pumpable water gels. Today, gels can be made as a tampable product for use in development headings or as a slump- ing product for downholes to give an effective coupling. With the introduction of the Tovex« pneumatic loaders, the problems associated with a pumpable gel were eliminated and gave the user the ability to alter his loading density.

Jan 1, 1977

By Tuite M. J, Woolcock L. J

The Awak Mas gold project is located in the Province of South Sulawesi, Republic of Indonesia. It is situated 300 km by road north of the provincial capital of Ujung Pandang. The capital is readily accessible by air from Australia via Denpasar on Bali or the Indonesian capital, Jakarta (Figure 1). Elevations at Awak Mas range from 850 to 1400 metres above sea level in reasonably rugged terrain. The area is covered by primary and secondary (regrowth) rain forest. The region is subject to an equatorial-type tropical climate. The annual rainfall is a high 3000 mm most of which falls in the rainy season between March and June. In the lower valleys rice, cloves and chocolate crops are cultivated. Title to the project area is secured by a Contract of Work (COW) issued to PT Masmindo Eka Sakti (MES) on 23 October 1987 by the Government of Indonesia. MES was controlled at the time by New Hope Industries group of Brisbane. After New Hope had completed initial reconnaissance exploration of the area, Battle Mountain Gold Company (BMGC) farmed-in in 1991 and earned a 60 per cent beneficial interest in MES.

Jan 1, 1996

By J Czerwinski, M Kasper, M Wyser, N Heeb

The VERT project 1993 - 1998 laid the technical foundation for curtailing the emission of fine particles from diesel engines at Swiss underground workplaces. The targeted maximum was 100 ¦g/m3 EC. Extensive laboratory and field investigations demonstrated that this specification is only attainable with modern diesel particulate filter (DPF) systems that almost eliminate particles in the entire lung penetrating size range from 20 nm to 2.5 ¦m. In January 2000, Switzerland mandated compulsory particle filters in underground workplaces, particularly in tunnelling, irrespective of engine age, size and type. After the implementation, the particle concentration in the respiratory air was below 40 ¦g/m3 EC, compared to earlier values of up to 750 ¦g/m3 EC. Deployed DPFs have proven filtration rates of 99 per cent in the entire size range of alveoli intruding particles. The DPFs are as durable as the engine, suffer no ageing and require minimal maintenance. The failure rate is below three per cent annually. Of the 6000 retrofitted construction machines in Switzerland, about 400 are deployed underground. Prerequisites for this quality are a sophisticated certification procedure, electronic monitoring of DPF operation and meticulous periodic exhaust gas inspection of the engines.

Jan 1, 2005

Resonance re-emission from nickel vapour affords a convenient method for isolating the resonance lines at 3415A, 3515A, and 3524A. The vapour is generated by cathodic sputtering and is illuminated by light from a nickel atomic spectral lamp. The resonance lines thus isolated can be usefully employed for absorption measurements on mineral samples where the nickel concentration is too high for measurements with the more sensitive line at 2320A. A spectrophotometer employing a resonance lamp as monochromator possesses several advantages where a great number of determinations are made under routine conditions. The wavelength setting is stable under even the most rigorous conditions and with the provision for automatic setting of full scale deflection the instrument requires virtually no adjustment. The instrument has been used under routine conditions for the determination of nickel (in the range O· 05-2 per cent) in mineral samples.

Jan 1, 1968

Lightweight polymer grids have recently been introduced to the mining industry. They are currently being used for roof and rib control, longwall shield recovery, safety guarding or barricade, highwall screening, internal reinforcement of gunnite/shotcrete applications, sub-base reinforcement, construction of steepened slopes, retaining walls, mine reclamation (i.e. erosion control, turf reinforcement), and in numerous mining waste related projects. These polymer mining grids utilize a strong, lightweight polymer, usually special grades of polypropylene or polyethylene. High tensile strengths are achieved by molecular orientation of these polymers in the manufacturing process. The first step in the manufacturing process is to extrude the polymers into thick continuous sheets. These sheets are then punched, and drawn into open grid structures. Aperture size and configuration are controlled by the geometry of the punched hole and the degree to which the grids are stretched. The drawing process is the key to the molecular orientation required for the tensile strengths. These long chain polymer molecules in their natural state have a random orientation. When stretched, the molecules are pulled into a parallel alignment, thus creating a lightweight product with tensile strength comparable to Steel.

Jan 1, 1992