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This paper provides a financial perspective to the valuation of Australian resource companies and projects. Valuation exercises need, however, to be seen in the broader context of a thorough business appraisal, one that incorporates all disciplines employed in the resources industry. Fine tuning a discount rate or determining a particular capital structure is likely to be less important to valuation than an adequate understanding of industry dynamics and a company's likely performance in future years.

Jan 1, 1989

The paper will review the marked upsurge in the installation of new continuous metal coating lines, both hot dip and electrodeposition. Although some of this new capacity has been replacement for obsolete facilities or directed at traditional markets, eg building products, consumer durables etc, by far the major portion is targeted at the automotive industry. The reasons for the rapid growth of coated automobile panels are discussed. A comparison of the installed capacity with projections for this market indicate that a severe over-supply situation has arisen. Many coatings are now available for the automotive industry, each with their own strengths and weaknesses, but none as yet wholly satisfactory. Coating development has mainly been cost driven. This favours hot dipped coatings, providing surface quality and pressing problems can be overcome. The high cost per unit thickness of electrodeposited coatings has also seen pure zinc coatings being replaced by thinner, more corrosion resistant alloy coatings such as zinc-nickel and zinc-iron. Recently resin overlays have been introduced to improve the performance of electrodeposited coatings. Developments in coatings for the more traditional markets will be described. The fastest growing market in the last decade has been prepainted product for the building industry. This has led to the installation of extra painting capacity and again it appears an excess capacity situation has occurred. Over the same period the traditional zinc coatings have continued to lose market share to the zinc/aluminium alloy coatings, Galvalume and Galfan. These have been joined recently by '1'aiyo Crack-Free which has been taken up by some metal coaters. Galvalume is now widely accepted as being the best available coating for unpainted applications. It is also suggested that 'spin-off' coatings from automotive developments might find a niche in the consumer durable market. The end users of coated products, particularly the automotive industry, have demanded improvements in quality, such as surface smoothness, formability, etc. At the same time the new coating lines have to process wider strip and run at faster speeds. To reconcile these somewhat incompatible needs has required numerous process improvements, many of which need in-line instrumentation and computer control. The more important of these changes are discussed briefly. Finally the paper will describe the recent developments which have occurred in continuous galvanising in Australia and put them into context with the rest of the world.

Jan 1, 1993

Polish coal mines are well equipped with methane monitoring systems,nevertheless the worsening conditions force a continuous impro- vement in the field of environmental monitoring. Application of modern electronic components make it possible to design the new modular telemonitoring system incorporating the best features of the older systems,widely employed in Polish collieries, eliminating their weak points. Several new sensors and portable instru- ments for methane monitoring and early fire detection have been developed and tested in mining conditions.

Jan 1, 1988

For the last decade Australia has been the leading exporter of both steam and coking coal. In the ten-year period 1989 - 1998 steam coal exports increased by 93 per cent and metallurgical coal exports increased by 50 per cent. However, profitability of the steam coal sector has been disappointing. The coking coal sector, especially the hard coking coal segment, has fared better but its profitability was more because of its ability to maintain relatively high prices rather than its inherent productivity. Until quite recently the Australian coking coal sector was widely expected to be able to maintain this comfortable state without undue effort for the three major æpartnersÆ; the companies, the State Government and the unions. But coking coal could now be heading down the path followed by steam coal that ends with long-term over-supply and, despite steady improvements in productivity, poor profitability. Steam coal entered the ænewÆ era of long-term over-supply some years ago. Over-supply was due to the rapid increase in production in Indonesia, often from new mines and Australia. AustraliaÆs production rise was underlain by the apparent belief that the best way to lower costs was to increase production. In the first couple of years costs didnÆt fall much but the additional tonnage was sold at lower and lower prices into the spot market. By mid-1998 the difference between the contract price set with Japanese utilities and spot sales was often in excess of $US12 per tonne. Japanese contract prices and tonnages have since fallen significantly. Steam coal has moved from being a product to being a commodity. Any profits are due more to the low Australian dollar rather than inherent mine productivity. Seaborne coking coal trade has been dominated by Australia, Canada and the USA, with the USA becoming less competitive. Unfortunately, when the Queensland capacity expansion was well down the pipeline, the Asian financial crisis occurred and the Japanese economy entered what appears to be a long-term recession. Contract prices fell 18 per cent, tonnages decreased and some mines have been reclassified as supplying lower priced coking coal. The paper analyses past and expected future trends in labour and mine productivity, rail freight and FOB export port cash and total costs of the Australian steam coal and coking coal sectors and discusses the market outlook for Australia. The future economic viability of the industry is analysed and discussed in the light of the rapidly changing global environment.

Jan 1, 2000

By Diehl GW, Kuntonen J

The Tamrock all-hydraulic rock drilling system 400 has been developed to cover as wide a drilling range as possible, from 35 mm holes in tunnelling, roofbolting and development work to 64mm holes in long hole production drilling. Field experience during the last five years shows that the Tamrock drill covers this range in a way that no other rock drill on the market does and recently the range has been success- fully further expanded to cover bench drilling with 76 mm holes.

Jan 1, 1978

The subject of octanes and knock in petrol engines is of general interest, not only to the engineers and chemists in the petroleum and automotive industries, but also to the motorist who wishes to see some light through the haze of propaganda regarding "super" petrols. A mixture of petrol vapour and air will explode when a spark is passed through it if it contains more than one and a half per cent. or less than six per cent. of petrol vapour by volume. In a petrol engine the mixture has to be within the explosive range before it will operate. When the spark is passed it 'ignites the petrol vapour-air mixture which burns with rapid but finite progress of the flame front 'through the unburnt gases in much the same manner that a charge of dynamite is consumed. The turbulence of the gases in the cylinder under normal operating conditions more than doubles the velocity of the flame front and enables the combustion to be completed by the end of the working (expansion) stroke:KNOCKIf the cylinder head 'is poorly designed or is covered with a deposit of carbon, it is possible for "hot spots" to develop, and these can ignite the mixture before the spark is passed. This pre-ignition gives rise to an engine knock but is accompanied by a dull thud rather than the ringing knock associated with the true "knocking" found in a petrol engine and attributed to the detonation of the mixture. Until a few years ago it was thought that this detonation was due to a shock wave produced by the rapid combustion of the mixture, and sufficiently intense to cause ignition of...

Jan 1, 1951

If you are to be and remain competitive in the mining industry, it is vital that your company management systems are efficient. An integral part of today's competition in a ruthless market is to keep internal costs to a minimum. Integrating our core and parallel management systems is becoming an essential strategy to ensure efficiencies are maintained to the highest level, allowing the maximisation of profits, and to maintain that leadership status within our industry. The uniquely designed Integrated Management Process provides the path to develop, implement, and monitor an Integrated Management System in a simple but highly efficient and effective manner.

Jan 1, 1997

By Mance G

Today there are many different techniques of soil remediation used in Australia and throughout the world. This paper considers the thermal desorption remediation technique and, in particular, the application of high temperature filtration to the process. The thermal desorption technique involves the treatment of hydrocarbon (oil, petrol, etc) contaminated soil. The process involves heating the soil in a retort or kiln to drive off the volatile organic contaminants. The exit gas stream from the retort is subsequently passed through an after burner to thermally oxidise the hydrocarbons. This technique produces soil and combustion gas streams which are free of hydrocarbons. Due to the heating and agitation of the soil within the retort, soil particles become entrained in the hot gas stream. To avoid the blockage and fouling of the system's interim ductwork and the afterburner, high temperature filtration technology has been applied to remove these soil particulates without cooling the gas Stream.

Jan 1, 1995

By Fitchett K

Refractory application in the major iron and steelmaking units are discussed. Mechanis- ms of refractory consumption as revealed by pre- vious studies are reviewed and current practice is evaluated. Deficiencies in refractories now in use are noted and some lines of development are indicated. The iron and steelmaking units discussed are generally restricted to those subject to slagging, structural change or erosion at steel or iron making temperatures, and include the Blast Furnace, Hot Blast Stoves, Hot Metal Ladles, Basic Oxygen Furnaces, Continuous Cast- ing Units and Steel Teeming Ladles.

Jan 1, 1972

I have been asked to speak today on the topic of Project Finance in the Mining Industry. Through this presentation, I hope to give you a broad outline of the concept of project finance. The first half of the presentation covers the principles involved in project finance and the second half moves to aspects more specific to the mining industry. I have worked for 3 years at Rothschild Australia. Rothschild provide finance for projects in the mining industry, world wide. We finance both large and small projects, with facilities varying from $2m to $100m.

Jan 1, 1990

In order to see the sand mining industry in the context of the coastal plain environment, the following points are noted. The coastal plain comprises several different geomorphological and ecological entities, some or all of which may be profoundly different from their condition before European colonisation, Sand mining is only one of a number of competing land uses which modify the environment of a given area. The frontal dune system in particular has undergone considerable deterioration and with the pressures of an ever increasing population, this deterioration will accelerate until an adequate control policy is Implemented.

Jan 1, 1971

By Henderson J, Ward RG

Dissolved oxygen has been measured directly using a rugged, reliable, accurate electrochemical probe system developed for steelworks application by B.H.P. Central Research Laboratories. Furnace measurements show that the steel is generally supersaturated with oxygen and that oxygen contents vary considerably from heat. to heat. Ladle measurements also show considerable heat-to-heat variations. Analysis in terms of ladle deoxidation chemistry differentiates between carbon monoxide controlled and manganese silicate controlled oxygen levels. Deviations from these levels are sometimes due to aluminium present in other added ladle alloys but in some cases the plant applicability of laboratory derived equilibria is questionable.

Jan 1, 1972

By J Rubio

This work presents design features of an innovative in-line mixing helical (coiled) reactor for flocculation and flotation as a solid-liquid separation process for suspended particles (including liquid droplets). The device has been named flocs generator reactor (FGR), a compact system whereby the flocculation of particles is assisted by the kinetic energy transfer from the hydraulic flow through the reactor and/or by the injection of microbubbles (30 - 70 ¦m). The flow mixing presented a plug flow regime with a low dispersion degree, promoting the required hydrodynamic conditions to disperse the polymer flocculant (cationic polyacrylamide) and to generate æstrongÆ flocs of Fe(OH)3 or clays (as colloidal model systems) with aggregation using an anionic polymer, Al2(SO4)3 and poly aluminium chloride (PAC), and oil emulsions destabilisation with a high molecular weight cationic polymer. The solid-liquid separation of the flocs was then achieved either by settling or by flotation with microbubbles. This paper discusses advances in this new in-line flocculation-rapid flotation device to remove æaerated aggregatesÆ, aggregates with entrained and entrapped bubbles. Studies were carried out with different models of FGRs (varying the length:volume ratio) and process efficiency (mainly kinetics) evaluated as a function of polymer concentration and some operating parameters, namely, feed flow-rate, air:solids ratio and residence time. Results showed that the aerated flocs are readily floated with rising rates in the order of 120 mh-1, values higher than those obtained for the settling of the non-aerated flocs (18 - 24 mh-1). The FGR requires short residence times and generates dense, well structured flocs (with a mass fractal dimension, dF of about three) which withstand high shear forces. Mechanisms involved appear to include small bubble formation and their rapid occlusion (entrapment) within flocs, nucleation of bubbles at floc/water interfaces, polymer coiling as a result of æsalting outÆ effects at the aqueous/air interface and plug flow type of mixing (flocculation). Successful examples of emulsified oil and solids removal from water are shown and because in all cases high efficiencies were obtained (>90 per cent removal). Due to the high process efficiency and high loading capacity shown, the FGR appears to have good potential as an in-line flotation-separator device in applications requiring high rate solid-liquid or liquid-liquid separations.

Jan 1, 2005

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

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

Jan 1, 1993

By R J. Holmes

The procedures and equipment used for sampling iron ore process streams have generally improved in recent years. However, there are a number of areas where significant issues still commonly occur, including sampling high capacity streams, sample cutter design and operation, division of primary increments at the secondary sampling stage, the performance of crushers installed to reduce the particle size prior to sample division, and the sample mass that is retained at each sampling stage. These issues of non-conformance with correct sampling principles are caused by factors such as increasing the speed and loading of conveyor belts to increase throughput, which changes the trajectory of the ore stream and may result in an inability of the sample cutter to handle the increased flow rate without sample loss. Failure to sample the entire primary increment stream at the secondary sampling stage is also a common issue as well as failure of crushers to provide crushed products of the required particle size due to ongoing maintenance and/or adjustment issues. These common pitfalls can all be addressed through careful attention to detail.CITATION:Holmes, R J, 2017. Common pitfalls in sampling iron ore, in Proceedings Eighth World Conference on Sampling and Blending , pp 261–264 (The Australasian Institute of Mining and Metallurgy: Melbourne).

May 9, 2017

By Batterham R. J

Some developments in copper, lead and zinc extractive metallurgy which have gone in to production or seem to be close to production scale are described with emphasis on why these innovations have been adopted.Mineral processing operations are now using: automated quantitative mineralogy,high capacity fine crushing equipment, ò fine grinding equipment, andcolumn cell flotation.Extractive metallurgy plants are using:ò bath smelting of concentrate at various scales, and ò flash converting of copper.Hydrometallurgical process developments are slower to make a commercial impact. Concerns about ability to handle impurities in the feed and production of saleable by-products are often major hurdles.An expression for the probability of implementing the first example of a new development is presented.

Jan 1, 1992

Developments in furnace construction and design have been very rapid in recent years. Larger furnaces operating at high top pressures with much improved burdens are giving extremely high production rates. Modern scientific techniques and the use of computer control are contributing to these Rates.

Jan 1, 1972

The Australian underground contract mining industry has grown from almost nothing 25 years ago to the point today where half the countryÆs underground mines are using contractors to produce their ore and do their development. This growth was driven by the need to change poor industrial relations and work practices in sectors of the industry, along with the needs of many small gold mine owners to preserve their capital by using contractors to do their mining. The industry is dominated by two major privately owned contractors with a number of other publicly and privately owned contractors making up the balance of the market. This paper discusses the important trends in the contract mining industry and the directions it may take in the next few years.

Jan 1, 2005

By Fraser RJ

A Robbins Raise Drill Model 61R was used to provide one 7' diameter shaft 1050' deep in Clutha Development's exploratory mine at Blackwater in Central Queensland and two 7' diameter shafts 1450' deep at their South Clifton mine on the Illawarra Coast of New South Wales.

Jan 1, 1972