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By White A. H, Gillies A. D S

In recent years the Australian gold industry has gone through a major expansion phase. The need for finance has led to adoption of different approaches such as the well known gold loan, forward selling, equity participation by suppliers and equipment leasing. During early periods of the expansion, significant new equity was raised chiefly for high risk exploration ventures. The major form of new equity finance was ordinary shares, often in 'No Liability' companies. The increasing capital requirement of the huge new development projects of the 1980s also spurred the use of debt finance. This trend was accelerated as high inflation and the taxation advantages of debt finance made borrowing attractive. This paper reviews major financing techniques used by the Australian gold industry with particular emphasis on the innovative financing techniques initiated recently. An analysis has been undertaken of the effects on the industry of issues such gold loans, forward selling, equity participation by suppliers, fly-in fly-out operations, contractor mining and equipment leasing. In order to achieve a better understanding of the innovative financing techniques, a survey of already published financial data from well known Australian gold mines was carried out. Data was collected from various published financial reports of gold mining companies. In addition, a questionnaire survey was sent to gold mining companies to assist the collection of further information. The results of this study show that there are a significant number of gold mines variously using gold loans, forward sales, contractor mining and fly-in and fly-out arrangements to finance their projects. Only four operations have vendor suppliers investing capital funds in their projects. Based on the findings of this study, conclusions and recommendations are drawn that these approaches are likely to be with Australian gold industry for some time in the future and will continue to be intensively applied to finance gold projects.

Jan 1, 1994

By Andrew R. L

The Kintyre uranium deposit was discovered in 1985 in the course of following up radio- metric anomalies generated in an earlier air- borne survey. The latter survey was conducted primarily to acquire aeromagnetic data for diamond exploration and the uranium discovery was made during a subsequent campaign of base- metal exploration. CRAE commitment to the Rudall area for a range of commodities over a period of 13 years made a significant contrib- ution to the discovery of Kintyre. Other con- tributing factors included CRAE's multicommod- ity approach to exploration, management support and continuity in the geological team. The Kintyre uranium deposit (Fig. 1) is located on the northern margin of the Rudall Metamorphic Complex, 60 kilometres south of Telfer and 260 kilometres north northeast of Newman, in the Paterson Province of northern Western Australia. It is 700 metres inside the northern boundary of the Rudall River National Park (15695 sq. km) and lies between the Great Sandy Desert and the Little Sandy Desert (Beard, 1969). Intense weathering since the Permian has produced a subdued landscape around the deposit. Resistant rock types still retain an older plateau surface but it is incised by more recent streams. Other Proterozoic and Permian rocks form low, sometimes rocky, areas largely covered by aeolian sand.

Jan 1, 1988

Mining companies in Australia have grown in size and complexity over the past 20 years. The same period has seen exten- sive changes in the operating environment, with greater competition and intensified in- dustrial and social pressures placing new demands 'on mining activity. The new condi- tions require a management approach that emphasises strategic planning rather than operational efficiency. Strategic management evolves through four distinct phases, namely, financial planning, forecast-based planning, externally oriented planning and 'true' stra- tegic management. The most difficult transi- tion to make is from Phase 2 (forecast-based planning) to Phase 3 (externally oriented plan- ning) since management is often too involved in operations to find time to develop and main- tain a strategic orientation towards the mar- ket and competitors. Reorganisation of re- sponsibility for operations and improved op- erational processes enable management to concentrate on external opportunities.

Jan 1, 1980

By B M. H Sharp, R P. Hide, S P. Devine

Uncertainty and debate currently pervade the mining industry in New Zealand. The operational uncertainties, whether external (eg gold prices, the exchange rate), or internal (eg coal expansion difficulties), are large. In addition, many wider factors which influence mining are in a state of flux. State Coal Mines, the operating branch of the Mines Division of the Ministry of Energy I may be made a state corporation, with the remaining Mines Division functions being revamped. The agencies administering environmental legislation are to be restructured. Mining legislation amendments have been proposed and then dropped, and the area is now to be reviewed (The Press, 31 July 1985). Some mining licences have been withdrawn, and become the subject of heated debate in the community (The Press, 19 July 1985, and subsequent letters to the editor).

Jan 1, 1985

By L A. Maslov

We have considered the following characteristics of the crust and upper mantle of the Pacific Belt: seismic wave velocity anomalies, mechanical stress and shear deformation rate fields, heat flow and the pattern of metallogenic provinces of the Belt. It has been noted that there exist certain .regularities in distribution of the above mentioned geophysical characteristics and metallogenic zones within the Belt, displayed by prevalence of the lithophile elements in the Asia-Australian part of the Belt, and of the chalcophile ones within the American part.

Jan 1, 1995

By A Geldenhuis, M Hagger, J Maree

Disposal of mine water is a worldwide problem occurring in the coal and gold as well in the metal ore mining areas. Since southern Africa is a (semi) arid region, mining effluents should be treated to qualities such that they can be used for agricultural purposes or that they can be discharged in river system. Studies have shown that partly treated acid mine water can be used for irrigation. A copper mine in Botswana plans to use 5 M/d of treated mine effluent for the irrigation of agricultural product. The results of this study showed that when applying the biological sulfate removal technology the produced sulfide precipitated the metals in the mine effluent, such as nickel, Zn and Mn, to metal sulfide (MeS).

Jan 1, 2003

It is the purpose of this paper to produce some evidence on the accuracy to be expected from normal assay procedure using the usual first class equipment, and to examine the effect that many assaying inaccuracies have on reported metallurgical recoveries.Generally speaking, the evaluation of the gold content of a mineral ore sample by the fire assay method is a relatively simple process.A weighed quantity of finely ground ore is fused with suitable fiuxes including litharge and a reducing agent to give a button of lead and a quantity of slag. The shower of lead produced by the reduction of the added litharge collects the gold and silver present in the ore, concentrating the values into the lead button.The button of lead, after separation from the slag, is, on heating in an absorbent cupel in a current of air, reoxidised to litharge and absorbed into the cupel leaving a gold and silver bead in the cupel. This bead' is heated in a solution of nitric acid to dissolve the silver, leaving the gold undissolved to be dried and weighed. Knowing the original weight of the ore and the weight of the gold prill the value of the ore is easily calculated.Summarising1. Fusion Process.-Ore plus fiuxes give a slag plus lead button.2. Cupellation Process.-Lead button is re-oxidised to litharge leaving a gold and silver bead.

Jan 1, 1952

By D A. Sketchley

The Merlin Zone, a 2008 high-grade Mo-Re discovery, is a part of the Mount Dore Deposit in the Eastern Succession of the Mount Isa Inlier in Queensland, Australia. Hosted by carbonaceous metapelites and phyllites, the Merlin mineralisation comprises molybdenite veins, breccia infillings, stylolitic fracture fillings, and disseminations. Because rhenium is geochemically similar to molybdenum and commonly associated with it, global production of rhenium has been mostly a by-product of molybdenum refining. The high-grade rhenium in the Merlin Zone is an exciting discovery that is expected to become a direct source of rhenium. At the time of discovery, quality assurance (QA) procedures for rhenium were not in place at the Merlin Zone; therefore, they needed to be developed.The Merlin Zone was discovered using reverse circulation drilling, which led to concerns about molybdenite loss due to poor sample recovery. The twinning of the discovery hole with diamond core demonstrated a two-fold increase in molybdenum grade over several tens of metres. Consequently, the resources of the Merlin Zone were defined using assays from diamond drill core.Early analytical work, which was initially done only for molybdenum, comprised geochemical analysis with an aqua regia digestion, which have poor precision and can be biased low. Although initial testing for rhenium used similar procedures to those for molybdenum, a scarcity of commercial rhenium reference materials led to a validation process using neutron activation analyses and different digestions. This resulted in introduction of four-acid digestion assays, development of matrix-matched reference materials, and improvements to the quality of molybdenum and rhenium assays for reporting resources. Coarse and pulp duplicates were used to check for sampling bias and to ensure that levels of precision were adequate for the style of mineralisation and analytical methods. In addition, the direct and consistent geochemical correlation between molybdenum and rhenium provided another method for checking analyses.

Aug 22, 2011

By T King

This paper reviews the changes in the coal industry over the past 30 years and attempts to predict the trends over the next ten years. The last 30 years have seen a steady concentration of production into fewer, larger mines, which operate on 3: more continuous basis, and a major increase in productivity per employee. Coal exports have increased from zero to almost half the country's total production. As well as major changes in exploration and mining equipment and the increasing use of computer tools, the industry now operates in a relatively new regulatory and commercial environment.   Safety legislation now requires the writing and enforcement of policies and procedures by the mining companies, rather than adherence to inflexible regulations enforced by an Inspector. Accident rates have decreased dramatically. The transition from coal mining licences to permits, requiring landowner consent and resource consents, is well under way. Environmental controls are now an essential aspect of the industry.   Equipment suppliers now offer maintenance services, production guarantees and flexible financing.  Contract miners offer mine design and restoration as part of the contract. In a similar approach, Solid Energy now offer an ash disposal service and assistance with resource consents to their customers as well as investment in technology to ensure a consistent product to demanding specifications. Solid Energy has proposals for energy centres which install and operate the coal burning appliances and simply sell energy to the customers. The next 10 years should see an intensification of these trends of bigger mines, more exports and greater technology and a 'package' approach to customer service.

Jan 1, 1997

By G Munro

he Melbourne City Link project will complete a missing link between two existing major freeways in the Melbourne road network, providing a much needed bypass of the Central Business District for through traffic. The project, which is being financed under a BOOT arrangement with the Victorian State Government, involves the upgrading of significant stretches of existing freeway and the construction of new sections involving viaducts and tunnels. The tunnel sections, which are the focus of this paper, are beneath residential and business areas, the Yarra River, the Royal Botanic Gardens and significant sporting facilities where surface construction would be either impossible or unacceptable (reference Figure 1). The shorter, 1.62 km west bound Domain tunnel comprises two cut and cover sections through Olympic Park then the Yarra River, the driven section of 0.68 km length and exits through a common cut and cover section with the east bound tunnel under St Kilda Road and Sturt Street. The longer 3.76 km east bound tunnel commences at the common portal, through cut and cover under St Kilda Road then 2.86 km of driven section before exiting at a cut and cover section at Burnley. The longer Burnley tunnel has an access and ventilation shaft at approximately its mid point.

Jan 1, 1999

By Giles C. N, Loughnan F. C

Bentonites and active earths from N.S.W., previously analysed with respect to occurrence, mineralogy and physical properties have been evaluated for use as bonding agents in quartzose moulding sands in terms of green properties and behaviour both with and without coal dust for iron castings poured at 1400°C.INTRODUCTIONIn the paper by Loughnan .and See (Part I) the occurrence, mineralogy and physical properties of the fuller's earth and bentonites of New South Wales were discussed and it was shown that some of the materials approached the quality of Wyoming bentonite. In the present paper the same samples from Marulan (Bl), Boggabri (B2), Wingen (B3), Muswellbrook (B6), Swansea (B8), Dubbo (89) and Trida (Bll) have been investigated with respect to their potential value as bonding agents in compounded moulding sands. Inaddition, the -20 micron fractions of the Boggabri (B2t) and Swansea (B8t,> were recovered and the former converted to a sodium clay, in order to assesE; the beneficiation possibilities. A sample of Wyoming bentonite (S2) also has been included for comparison.GREEN PROPERTIES OF THE ARTIFICIAL MOULDING SANDSA quartzose base sand (Botany Dune) previously oven pried and screened to 1·65 mm., was subjected to a sieve ana]ysis in accordance with standard A.F.A. practice to yield a calculated' fineness number of 45. All tests were carried out on mixtures of this sand with2t per cent clay, since such mixtures were found most suit...

Jan 1, 1959

By G Hayes

Ore from the Browns deposit near Batchelor, in the Northern Territory of Australia, is a fine-grained polymetallic sulfide ore hosted in graphitic black shale. Minerals of economic significance are seigenite (Co,Ni)4S3, Galena (PbS) and Chalcopyrite (CuFeS2) with minor Sphalerite (ZnS). Gangue minerals include quartz, carbon and K-feldspar. The grain size is fine, with a significant amount of the seigenite present as Early flotation work determined that a grind size of around 20 microns was required to achieve clean sulfide concentrates. This work recommended oil agglomeration flotation, in which small sulfide minerals were collected, then loosely agglomerated with oil ahead of flotation into a heavily mineralised froth. In the 400 kg/hr prototype plant this froth proved unmanageable. A conventional flotation circuit after grinding to a P80 of 24 microns and using very low flotation pulp densities resulted in an 86 per cent cobalt recovery.The paper analyses further laboratory work which has increased cobalt recovery to 91 per cent by grinding to û250 microns ahead of flash flotation. The real cobalt recovery breakthrough comes from flash flotation of the whole mill discharge rather than the more usual flash flotation of cyclone underflow. Flash flotation tailings are ground to û38 microns and are floated under normal flotation conditions with only the scavenger concentrates being reground to 20 microns.A one tonne per hour prototyping campaign is scheduled to demonstrate the robustness of this circuit.

Jan 1, 2002

By Williams DJ, Battino S

The rapid crushing technique for the measurement of gas content of coal consists of accelerating the rate of gas desorption from coal by crushing. This technique allows the determination of gas content in the space of hours rather than days or weeks as required for the traditional slow desorption technique. The crushing technique is used particularly when gas content determinations are urgently required for mine safety purposes. The method is now routinely used in underground coal mines of NSW and to a lesser extent in QLD. Despite the rapidity and efficiency of this method, concerns have been raised upon the reliability of the method to deliver accurate results. Experience in Australia has shown that there is in fact some discrepancy in results between gas laboratories using the rapid crush technique. The development of rapid crushing techniques for seam gas content measurements in Australia and the main causes of variability in the gas content test results were investigated. The gas laboratories participating in the gas content testing were CSIRO Division of Coal and Energy, BHP Technical Services and GeoGas Pty. Ltd.

Jan 1, 1998

By S Serp, M Duchateau, P Chevreux

Molten salt reactor (MSR) is a promising advanced reactor system aiming to the transmutation of minor actinides such as americium in order to reduce the inventory of ultimate nuclear waste. The fuel is a molten salt in which actinides are homogeneously dissolved in the liquid phase. A chloride salt may be retained for this concept, as it provides low melting point, high solubility of actinides, harder neutron spectrum. To avoid corrosion and precipitation issues, molten salt composition has to be carefully controlled with impurity content as low as possible. Obtaining pure actinide chlorides without contaminants such as oxide, oxychloride, hydroxide and water is still a challenge. To prepare actinide-bearing salt, the chlorination of actinides oxides was investigated in an unstirred reactor under flowing gas as solid-gas reaction. The carbochlorination of PuO2 were performed in the temperature range of 600 to 800°C with chlorine gas as a chlorinating agent and the presence of solid carbon. PuCl3 was successfully synthesised by this method and characterised by X-ray diffraction measurements but some impurities such as oxide phase remain inside the formed product. Refinements of anhydrous and hydrated PuCl3 phases by Le Bail method were also performed for crystalline materials definition. Conversion mainly depends on the chlorinating temperature and the contact between the oxide and the chlorinating agent. A conversion value of 70–80 per cent was achieved at 700°C from PuO2 with quite high specific surface area. The conversion rate was not improved with increasing the chlorination time. The volatilisation of Pu was observed during the carbochlorination experiments. To avoid a loss of Pu caused by sublimation, the chlorination temperature should be limited to 650°C despite that the conversion of PuO2 to PuCl3 was enhanced by increasing temperature. Both carbochlorination and hydrochlorination of AmO2 were also carried out leading to the formation of AmCl3. These first results suggest that americium oxide was chlorinated more readily than plutonium oxide. The purity of produced PuCl3 and AmCl3 still deserves further investigations.

Jun 19, 2024

By A Patwardhan, M M. Alam, K K. Thatavar

A commercial wet scrubber was used in the SIU-Joy dust control laboratory to test several concepts for improving the dust control efficiency of a wet scrubber. The concepts tested included two filter-two-spray systems, hollow and full-cone sprays, horizontal and vertical sprays, different layer filters and addition of surfactant. The optimised scrubber configuration had water-only vertical sprays for pre-wetting coarse dust, and vertical surfactant-laden water sprays for wetting ultrafine particles. This scrubber configuration reduced dust concentrations from 250 mg/m3 to 1.8 mg/m3. In comparison, the conventional scrubber configuration in the feed provides an outlet dust concentration of 3 - 4 mg/m3 in field operation. Upon successful testing and optimisation of parameters in the laboratory, field demonstration of the concepts was conducted at an Illinois coal mine. The optimised scrubber configuration was tested in the field with good results in terms of improved visibility in the face area and reduced respirable and quartz dust concentrations. Additional modifications in the field involved relocation of the scrubber suction inlets from the bottom to the side and changing the water spray configuration on the miner head. These additional changes were based on a conceptualised spatial dust distribution profile in the face area. The results of these laboratory development and field demonstration studies are presented in this paper.

Jan 1, 2005

By E Mroczek, M Climo, B Carey, M P. Simpson

"An EXTENDED ABSTRACT is available for download. A full-length paper was not prepared for this presentation. The composition and volume of geothermal fluids in New Zealand offers considerable potential for the extraction of various metals and minerals, as well as being a source of heat energy, steam and gases, and for use in generating electricity. While extracting products from geothermal fluids is technically feasible, positive economics is the key driver for commercial success; however, there is no assessment of this opportunity that identifies simple, cost-effective processing technologies and provides a greater understanding of the economic viability and barriers for implementing such technologies. The methodology that will be used to evaluate the commercial opportunities for New Zealand is discussed.CITATION:Mroczek, E, Simpson, M P, Climo, M and Carey, B, 2015. From waste to wealth – mineral extraction from geothermal brines, in Proceedings PACRIM 2015 Congress, pp 133–138 (The Australasian Institute of Mining and Metallurgy: Melbourne)."

Mar 18, 2015

Pulverised coal firing was pioneered in the cement industry prior to the turn of the century. Ash from the coal is absorbed into the mix in the kiln and replaces secondary materials. With high purity limestone coal with high ash content can be used. Fuel cost is a major part of the total manufacturing cost. Cement plants are thus quick to respond to fuel price changes and will use low grade fuels if there is a price advantage. Combustion conditions in a cement kiln differ markedly from a boiler. Flame length is determined by air/fuel mixing but because of fixed secondary air conditions this depends on primary air momentum. Volatile content has some effect on flame length but this can be offset by coal fineness. Much of the heat for cement production is for limestone calcination which is a low grade energy requirement. By allowing long residence time in separate direct fired vessels which then feed the high temperature kiln the energy of materials such as oil shale, tyres and lump lignite can be utilised.

Jan 1, 1987

The Grootegeluk coal beneficiation plant is situated near Ellisras in the Waterberg coal= field in the Transvaal, RSA. At this plant 15 million tons of coal bearing material per annum are beneficiated by means of two-stage heavy medium bath and cyclone plants. Because of the very low yield of 12 % coking coal product, run= ping costs are of the - utmost importance. For this reason extensive tests were carried out to establish the most effective crushing and bene= ficiation methods and suitable aquipment. At the second heavy medium separation stage, the near-gravity material (+ 0,1. g/cc) amounts to 45 % and daily plant performance ana=lysis is required to ensure acceptable plant efficiency. Beneficiation processes for the -0,5 mm coal originally considered were froth flotation, shaking tables, heavy medium cyclones and water- only cyclones. When the froth flotation route was decided upon, further test work was done to enable selection of the equipment most suitable for the particular requirements.

Jan 1, 1987

It is a sad commentary on human nature that for every successful, unscrupulous entrepreneur you need a multitude of incautious, greedy investors. One wonders whether is will be ever possible to completely protect investors from their reckless gambling instincts, which are so widely encouraged elsewhere in society.

Jan 1, 1989

By A Jankovic, D David, P Payne

Although the majority of current steel production is supported by iron ore sourced from high-grade haematite deposits, the long-term growing demand for steel has led to higher raw material prices and opened the way for many new magnetite deposits to also be developed. There is a rich and long history of magnetite ore processing in Western countries, including large operations such as Cleveland Cliffs in the USA and LKAB in Sweden, as well as smaller operations like Savage River in Tasmania. The challenge for virtually all magnetite operations is to minimise operating costs, which is dominated by the cost of power required to fine grind the ore in order to achieve acceptable concentrate iron grade together with low impurity content. This remains the case today and will be even more important in the future when a carbon tax is expected to become a significant addition to the operating costs for magnetite deposits. Historically, the lowest operating cost was achieved by multistage fully autogenous grinding with integrated magnetic separation steps between the stages. The major benefit of fully autogenous grinding is the elimination of steel grinding media costs and the need to discriminate between steel and magnetite in coarse magnetic separation. The separation step between grinding stages progressively reduces the amount of material to be ground. Application of more efficient grinding technologies developed in the last 20 years, including high pressure grinding rolls (HPGR) for fine crushing and stirred milling for fine grinding, has provided opportunities to further reduce the operating costs associated with comminution. Both technologies are already implemented in some magnetite processing operations, although in limited capacity. The results of a theoretical option study for high capacity processing of a hard, fine-grained silica-rich magnetite ore is presented in this paper, with the emphasis on comminution circuit options. Several circuit options are ranked based on a net present value analysis incorporating an estimate of carbon tax added in the operating cost. The study demonstrates the significant advantages of applying more efficient autogenous grinding technologies.

Jan 1, 2009