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By Jimmy Rodríguez Las Heras

Anteriormente, la explotación de los niveles más bajos de la mina Yauliyacu se desarrollaba bajo la incerticumbre de la ubicación de las concentraciones de refuerzos que convivían con los estallidos de roca. A partir del 2010, se instaló un sistema microsísmico que consta de cinco paladines y veinte geófonos uniaxiales ubicados estratégicamente para lograr el monitoreo desde los niveles más altos hasta los niveles más bajos de la mina. En ese sentido, el presente texto señala el análisis de la microsismicidad en la mina Yauliyacu, a través de la localización de zonas de alta concentración de esfuerzos inducidos por las explotaciones y el avance de las labores mineras. El software Inversor de Momento Tensor, puede interpretar si el evento es generado por la activación de alguna falla o por tajos vacíos, y dar prioridad al relleno de los mismos.

Feb 1, 2013

By Z. F. Dai

The Thompson Nickel Belt, located in Northern Manitoba, Canada, contains more than 400 million tonnes of ultramafic low-grade nickel mineralization in 9 deposits. One of these, the Pipe deposit, was mined between 1971 and 1983 producing a Ni concentrate of 9% to 11% grade at 73% recovery. The operation was terminated because the poor recovery, low Ni grade and high MgO con-tent of the concentrate made processing this ore uneconomical at the metal prices prevailing at that time. Vale Inco is now re-evaluating these deposits with the intent of providing a new source of concentrate for its Thompson integrated processing facility. It is known that serpentine slimes coating on the sulphide surfaces are responsible for the poor metallurgy. Various desliming methods were tested including settling, elutriating, tabling and hydrocycloning. Hydrocycloning has proven to be the most effective means of desliming. With a feed assaying 0.70% Ni and 33% MgO, a rougher flotation concentrate assaying 22.7% Ni and 4.8% MgO was produced at a Ni recovery of 62.5% (relative to the feed to grinding), with no utilization of slimes dispersants. Another 16.6% Ni recovery was achieved in scavenger flotation resulting in a total Ni recovery of 79.1%. Batch flotation tests using various flowsheet configurations to optimize the grinding, desliming, reagentizing and flotation conditions are in progress.

Jan 1, 2014

By Mark Sheppard

This paper is the third of a series recording the results of tests made at various quarries throughout the United States to determine (1) the relation between the size gradation of feed to, and product from, primary crushers, (2) the particle shape of the crushed. product, (3) the differences in gradation and particle shape produced by different types of primary crushers, and (4) the differences in gradation and particle shape caused by crushing different kinds of stone. Progress reports 1 and 2 dealt with comparisons of different types of crushers crushing the same type of stone. This report deals with relation¬ship between feed and product of two different limestones, as to size distribution and particle shape, when crashed in the same crusher.

Jan 1, 1938

By J. D. Vincent

The Mission By-Products Plant at the Mission Concentrator of the American Smelting and Refining Company, some 20 miles south of Tucson, Arizona in the Twin Buttes mining area, has been in operation slightly over a year. The plant produces a molybdenite concentrate a copper concentrate and, at times, a zinc concentrate. An intensive test program of over three years was conducted at Mission to make the recovery of molybdenum economic. Briefly it was found necessary to make a scavenger concentrate in the copper mill before it was possible to recover economic quantities of molybdenite. By so doing there were resulting additional recoveries of copper, silver and zinc. This program resulted in the design and construction of the existing plant. A paper by the authors discussing the test work and the design was presented at the, October 1965 meeting of the American Mining Congress in Las Vegas, Nevada, by Mr. Wayne Bossard.

Jan 1, 1966

By John T. Awald

The efficiency of search for porphyry copper and molybdenum deposits can be greatly increased. A model exploration system is here presented to show how geologic literature data and field surveys can be aided by modern statistical and computer methods. Assuming that major ore deposits occur in clusters, it is possible to evaluate rapidly large areas at modest cost and with minimum investment risk. An example of the success of these methods is given. Clusters of mine density and metal production covering the State of Nevada were plotted and machine contoured. Selection of a 47,300 square-mile area on the Nevada-California border was made. Within this area, detailed analyses were performed, and a 3000 square-mile site was picked for subsequent field examination. To initiate efficiently the field work, 81 stream sediment geochemical samples were collected and analyzed for copper, zinc, and molybdenum. These data established local variance and necessary statistical controls. Following this, a total of 151 geochemical samples were used to survey the 3000 square-mile area. Computer contouring of results directed attention to specific target areas for detailed geologic analysis, property acquisition and drilling. A total of 22 copper-zinc and molybdenum anomalies were identified. Four of these were recommended for further exploration. To date, two have been acquired and drilled and preliminary ore reserve and financial analysis have been made on one. The estimated cost and time for the regional exploration phases leading to these targets were thirty man-weeks and $16,000.

Jan 1, 1973

By K. Duckworth

The treatment of Turam data by conventional procedures does not permit the interpreter to make any estimate of induced current magnitudes. This problem may be overcome by using an alternative data treatment procedure. It is shown that the conventional and alternative procedures are equally satisfactory in terms of their ability to provide the location of line currents and estimates of conductor quality. A full description and evaluation of both procedures is presented in conjunction with field examples to show how the alternative procedure may assist interpretation when used to complement the conventional approach.

Jan 1, 1973

By M S. Henderson, R D. Alorro, L G. Dyer

An alternative leaching system for rare earth element recovery from monazite is under development. The initial stage utilises oxalic acid to convert the rare earth phosphate into an oxalate salt through dissolution and reprecipitation and it is the efficiency of this stage that governs the overall recovery achieved. It has previously been proposed that lixiviant consumption is the primary limitation in this process. This work further investigates a range of conditions in an attempt to further elucidate the factors influencing the achievable conversion in this stage. It has been shown that the pH may be governed by multiple reactions both consuming and producing acid (thus the mild change over time). The importance of proper mixing and potential to operate at lower temperature with only moderate impact on kinetics has also been demonstrated. Staged/sequential leaching is more effective in fresh solution as opposed to restoring the lixiviant concentration with subsequent reagent addition, suggesting some impact of solution composition. However, contrary to previous findings, subjecting the leach residue to fresh solution resulted in significant decline in leach rate and overall dissolution. This may be because a greater proportion of conversion was achieved in stage 1 in this work than in previous investigation. This may indicate that eventual passivation or the presence of some more refractory REE minerals limits dissolution. Iron dissolution was relatively consistent upon exposure to fresh solution, displaying the ability of the solution to continue to leach the goethite component of the concentrate.

Aug 24, 2022

By V. Claremboux

The transformation of raw iron ore into high quality steel can take place via several processes. A general consistent theme involves the upgrading of the iron ores via methods such as flotation and magnetic separation, the preparation of an agglomerate such as via pelletization or sintering, the smelting of the agglomerate into a high grade iron product, and the further refining of iron into specific steel alloys. Each of these steps admit potential for optimizations and alternatives, and the process overall is critical to meeting the world’s continuing iron demands.

Feb 1, 2025

By D. F. Malan, L. Scheepers

Seismic risk in the deep gold mines of South Africa has been studied for many decades. A clear understanding of the effect of geotechnical conditions on the seismic hazard nevertheless remains elusive. Certain reef types seem to be associated with a higher risk of rockbursts. The stability and deformation behaviour of excavations on the different reef horizons are affected by the rock types and the varying strength properties. The seismic response to mining is therefore also expected to differ according to the geotechnical conditions. As a case study of this behaviour, the seismicity at Mponeng mine was investigated. On the VCR (Ventersdorp Contact Reef) horizon, two areas can be delineated. On the eastern side of the mine, the footwall is shale, and on the western side it is a strong brittle quartzite. More large-magnitude events occur in the area with the shale footwall than the area with the quartzite footwall. Moment tensor analyses indicated that the majority of the large-magnitude events are not related to geological structures, but are face-related, implying that shear failure of intact rock is occurring ahead of the mining front. Preliminary modelling indicated that the closure volume for the shale footwall may be higher than that for the quartzite footwall, providing a possible explanation for the observed difference in seismic response.

Mar 2, 2022

By Hans von Michaelis

"INTRODUCTIONThe renaissance in gold and silver recovery technology has continued to unfold and it is appropriate to review some of the useful new technologies as well as try to identify some of the industry's future needs and frontiers.The remarkable strengthening in the US dollar has resulted in a relatively low gold price in US Dollars of around $310/oz at the time of writing and silver at $6.25/oz. This general softening in the dollar prices and the recent confusion as to environmental compatibility of cyanidation tailings and effluents, has led to a slowdown in announcements of new operations. Another reason for the slackening off in the USA is that in the past few years a large part of the capital has come from oi I and gas companies that now seem to be losing interest in mineral ventures, and foreign investors for whom the dollar is becoming out of reach. In the author's opinion this represents an unprecedented window of opportunity.Elsewhere in the world where local currencies have weakened, the price of gold is at or close to its all time high.For example, in South African Rands, the gold price was R571.00/oz when the rand was US$1.47 and the gold price reached US$800. Now at US $309/oz and with the Rand at US$0.51 = Rl .00, the local gold price is R600. The price of si Iver in Mexican pesos is not much less than it was when silver reached US$50/oz. Gold, and silver prices in local currencies outside North America are still buovant and at levels where additional investment in new projects is more encouraging.Even in Canada where the dollar is worth about US$0. 75, this provides a smaller but significant cushion compared with US operations. Considering the present strength of the US dollar and even the Canadian dollar relative to many other gold producing countries, there should be significant investment opportunities at today's prices. Mining companies have started to descend on Brazil, for example, where in a matter of just a few years annual gold production has increased from 10 to 70 tons. In South Africa, a Canadian company backed by Swiss financing has been able to take over a Witwatersrand gold mining operation and is installing a huge new tailin9s retreatment plant to process about 1 million tons per month of tailings."

Jan 1, 1985

By Jan E. Nesset, Phillip J. Mackey, Joo Y. Kim, Giovanni Di Prisco, André R. Laplante

Understanding the appropriate gold recovery to associate with copper recovery when assessing laboratory testing on porphyry deposits is often complicated by several factors including variable and/or complex mineralogy, and the variability contributed by the low Au content of the various flotation products. As a result, gold recovery is often underestimated and the value contributed by the gold to project economics is less than it should be, a problem that could influence overall project viability. Typically, for these types of deposits, the gold recovery is found to be lower than the copper recovery. In this unique project, having the objective of seeking a better understanding of gold recovery relative to copper recovery, mill feed samples from a selection of six operating world-class Cu-Au low-grade deposits were collected along with the mill metallurgical results for the corresponding sample periods. The samples were subjected to laboratory flotation tests, as well as the Laplante gravity recoverable gold (GRG) test, mineralogical assessment and cyanidation leaching. The aim was to better understand the copper and gold recovery relationship, the links between laboratory and plant flotation performance, the influence of mineralogical differences, and the potential for enhancing gold recovery by gravity recovery techniques. A new correlation of copper and gold recoveries based on the results is presented in the paper. The results showed that the link between copper and gold recoveries established in the best laboratory tests were maintained in the plant results, and further, that the potential for improving Au recovery by gravity or flash flotation methods is directly proportional to the amount of gold greater than 75 microns.

Jan 1, 2005

By J. Oliver, B. Wilson, 10

"Red Dog is one of the world’s largest zinc producing mines and a significant producer of lead and silver. While some of the operational challenges relate to the mine’s location in a remote part of Alaska, there are also challenges in the mineral separation process. Recent processing upgrades have included the installation of two M5000 IsaMills to improve the zinc regrind circuit and of one Jameson Cell to improve the pre-flotation circuit. Relatively fine grinding is required to achieve efficient mineral separation at Red Dog, but while fine grinding aids in the production of high grade concentrates, it also creates challenges in the efficient recovery of fine minerals. Over half of the lead lost to the lead circuit tailings, as well as almost half of the zinc lost to the final tailings, is in the finer size fractions (<10 µm). The high pulp density experienced in the pre-flotation and lead rougher circuits also causes significant entrainment loss of lead and zinc to the pre-flotation concentrate and of zinc to the lead concentrate. To help improve fine mineral recovery, Red Dog has recently plant tested and installed magnetic conditioning technology in the flotation circuits. The equipment aggregates fine paramagnetic sulphides and selectively increases their flotation recovery. This paper outlines the testing and positive results at Red Dog.INTRODUCTIONRed Dog is the largest zinc mine in North America and represents approximately 29% of North American zinc concentrate production. The mine is located in northwest Alaska, approximately 100 miles north of the Arctic Circle and 50 miles inland from the Chukchi Sea. The remote location makes the mine accessible only by air or seasonally by ocean-going barges. Red Dog is a partnership between NANA Regional Corporation Inc, the land owner and Teck Alaska Incorporated, the operator of the mine. Red Dog Ore and Mineralogy The Red Dog deposit is a rich sedimentary exhalative (sedex) zinc-lead-silver deposit. The main minerals present in order of abundance are: quartz, sphalerite, pyrite, barite and galena. Production began in 1989 with mining of the Main deposit. Between 1989 and 2012, approximately 55.6 million tonnes of ore with an average grade of 20.5% Zn, 5.6% Pb, and 97 g/t Ag was mined from the Main deposit. Subsequent to the development of the Main pit reserve, two additional open pit deposits were discovered: Aqqaluk and Qanaiyaq. The first blast in Aqqaluk occurred on June 4, 2010. As of December 31, 2014, the Aqqaluk deposit reserve is an estimated 45.7 million tonnes of ore with an average grade of 15.1% Zn, 3.9% Pb and 71 g/t Ag."

Jan 1, 2016

By F. C. Sturges

[CONTENTS PAGE ................. Introduction-Grouting in Mines. By F. C. STURGES. I Use and Technique of Pressure Grouting in the Construction Industry. By V. L. MINEAR . 3 Technique of Pressure Cementing in the Petroleum, Mining, and Construction Industries. By WY. D. OWSLEY and R. E. MOELLER. ..................... 9 An Example of Controlled Pre-grouting in Shaft Sinking. By R. H. ALLEN and J. W. GALPIN. 15 ........ Solidifying Mines and Shafts Areas by Pressure Grouting. By B. H. MOTT 17 .............. Grouting in Southeast Missouri District. By W. W. WEIGEL 20] Introduction-Grouting in Mines By definition the word "grout" means a thin mortar, or a kind of plaster or cement, and "grouting" means to fill up or finish with grout. The words "cement," "plaster" and "mortar" mean a substance that is used in a soft state which subsequently hardens. Thus, grouting is the filling of void space with a substance that hardens. Construction cements are the most common substances used, either by themselves or in mixtures, but the term grouting is applied quite correctly when other substances such as plastics and certain chemicals are used. Also, the use of the term grouting to cover the filling of voids with materials that do not actually become hard, such as the flotation tailings used in grouting in the southeast Missouri lead district, should be considered correct, as some stiffening does take place and, anyway, it is a better descriptive term than any substitute. Engineers are interested in grouting because some of the materials with which they must work contain voids, and certain conditions can be improved if these voids can be filled with something solid and permanent. Grouting is done to accomplish several purposes: I. To stop the passage of fluids and gases, 2. To cement materials together to make them stronger, and 3. To prevent consolidation of materials by filling void space with something solid as a replacement for the air and water that could be forced out under load. The construction industry uses grouting extensively for all three purposes. Grouting is used to stop water percolation under and around dams. It is used to control water flow in tunnel driving and in shaft sinking. It is used to improve foundation conditions under civil engineering structures by permanently filling void space and thereby reducing settlement, or by cementing broken rock together and increasing its supporting strength. The oil and gas industry does a lot of grouting, primarily to stop the passage of gases and fluids. The search for oil at increasingly greater depths has meant greater investment per well, and the oil industry has spent large sums on development of improved drilling methods. This

Jan 1, 1947

By S. J. Davenport

The increased consumption and importation of fluorspar and cryolite (1)3/ in recent years, and especially the addition of fluorine compounds to drinking water in the United States, have aroused renewed interest in the properties of such compounds and possible health hazards incident to their use. It has been suggested that the issuance of a revision and elaboration of Information Circular 7311, The Hazards of Hydrogen Fluoride Poisoning in the Mineral and Allied Industries, which hay been out of print for some time, would be opportune. Fluorine minerals have been known since the Middle Ages. Fluorine was isolated in 1886 by Moisson (2).

Jan 1, 1954

By Jan Visman, James W. Parkinson

GENERAL INTRODUCTION Sample collection, preparation and analysis are all steps in a single process designed to provide information about a much larger amount of material than the sample itself. For example, information about the ash content of a unit train load of coal may be derived from a single, relatively small sample of perhaps a few hundred pounds (liters) extracted from the entire shipment. These three steps can be thought of as links in a chain, allowing the simple analogy that the strength of the chain, or, in other words, the value of the information is only as strong as the weakest link. Sample collection, discussed in Part 1 of this chapter, is critical because analytical procedures can do no more than reveal the characteristics of the sample presented to the laboratory. If that sample does not properly represent the population to be characterized, neither will the analysis of that sample. Sample preparation is also a critical part of the chain. Any change in the nature of a sample between the time it is collected and the time it is analyzed will appear to reflect the nature of the population. For example, sample preparation procedures that allow air to partially dry the coal sample before reaching the laboratory will cause the sample analysis to indicate a lower moisture content than the sample originally had. Other changes can be more subtle. Second only to moisture loss, oxidation reactions generally cause the greatest problems. Oxidation of a coal sample can alter surface properties, changing flotation response. In extreme cases, combustion parameters, such as caking or agglomerating properties or mineral composition, such as pyrite content, can change. Water samples can also be altered by oxidation. For example, ferrous iron can oxidize to ferric iron, possibly changing water quality parameters such as pH. Sample analysis, the subject of Part 2 of this chapter, is the final link in the chain. Obviously, no laboratory procedure can correct for problems created by improper sample collection and preparation. At the same time, poor analytical techniques will create incorrect information about the total amount of coal from which the sample was extracted (the population) in the same manner as improper sample collection and preparation. The key to gaining correct information about the population is to view these three steps as parts of a single process. Following proper techniques through only one or two steps of the process will not produce accurate information.

Jan 1, 1991

By Noel Stearn

WHEN the Age of Machinery was suddenly thrust upon civilization about the beginning of the nineteenth century, an unprecedented demand for mineral resources sprang up. This demand brought about the rapid development of the known ore deposits and the discovery of such other deposits as could be encountered by energetic and canny pros-pectors. Thus in the countries now reasonably ac-cessible nearly all orebodies have been located except those which are totally concealed even from the eyes and "senses" of experienced and expert prospectors. The high rate of exhaustion of known ore deposits and the necessity of looking farther and farther ahead for raw materials as a matter of insurance on the stu-pendous capital outlays involved in mining, develop-ment, and conversion operations, have resulted in excep-tional activity in three different fields of effort. The first is purely geographic. Prospectors are now pene-trating the few hitherto inaccessible regions in the hope of stumbling upon exposed ore deposits or locating visible indications of their presence. The second is chemical. Industrial chemists and metallurgists are seeking to facilitate the exploitation of lower grade ores to find methods of recovering valuable metals from common substances. In the third field of effort. lie the activities of the economic geologist and the mining engineer, who en-deavor to locate concealed ore deposits, which would remain hidden from the prospector, no matter. how expert or conscientious he might be. Obviously the task which such a man must face is both exacting and indefinite, and the tools which he has heretofore been permitted to bring to it are, for the most part, abstract-a knowledge of certain fundamental princi-ples and processes involved in the origin, occurrence, structure, and distribution of deposits. of natural re-sources and of the rocks which form the environments of those deposits, and a process-of reasoning by analogy supplemented by the .use of the diamond drill, or such artificial exposure as the test pit, trench, shaft or tunnel. His primary efforts are usually bent on acquiring a knowledge of the distribution of the rocks-as accurate -is possible-which is a natural prerequisite to any conclusion as to how they became so distributed. Over very extensive areas, however, he meets. the extreme difficulty of being unable to see the rocks, except at rare intervals, since .they have been concealed by an overburden of glacial material, of alluvium, of soil, or of other rocks.

Jan 9, 1928

AN intermetallic compound, Ni3A1, has an ordered fcc structure of type Ll2, and shows peculiar dependence of the yield stress upon temperature; i.e., the yield stress increases by a factor of six upon raising the temperature from 77" to 900K1, 2 This compound is technologically important, since many nickel-base superalloys owe their high-temperature strength to the peculiar yield stress behavior of Ni3Al. The only study of the elastic behavior of this compound was made by Davies and Stoloff,1 who determined Young&apos;s modulus of poly crystalline Ni3A1 between 300" and 730°K. The determination of single-crystal elastic constants of Ni3A1 is therefore of interest in connection with dislocation dynamics and is reported in this paper. A single-crystal specimen, 1 by 1 by 3 cm, was cut from an ingot generously supplied by Dr. B. H. Kear of Pratt & Whitney Aircraft. Following initial machining with a Servomet and a surface grinder, the specimen was etched and annealed at 1100°C for 5 hr in vacuum followed by furnace cooling. Two parallel faces were oriented normal to within ±l deg of a [I101 crystallographic axis by the back-reflection Laue technique. The parallel faces were hand-lapped, etched, and polished by the usual metallographic procedures. Final thickness along the [I101 axis was (0.9325 * 0.0005) cm. Chemical analysis gave an average composition of 87.35 pct Ni. Total impurity content is esimated to be no more than 0.1 pct. The elastic constants were calculated from measurements of ultrasonic waves which were propagated along the [110] axis. A longitudinal wave and two shear waves whose displacements are aligned along the [ 110], [li~], and [001] directions, respectively, are necessary in order to completely specify the three elastic constants. Two 3/6-in. quartz transducers were bonded to the parallel faces of the sample with ~ac-seal.3 Although this bond was sensitive to thermal shock, it performed satisfactorily over the entire temperature range for both longitudinal and shear wave propagation. A frequency of 5 mHz was employed in the method of Williams and Lamb4 in order to measure the absolute value of the ultrasonic velocity. The pulse-overlap technique of Mcskimin5 was also used at this frequency in order to determine the shift in the ultrasonic velocity

Jan 1, 1970

By Gilles Carrière

"The Huntingdon mine of Quebec Copper Corporation is situated 3 miles south of the village of Eastman, in the Eastern Townships of Quebec. The copper deposit consists of several pyrrhotite-chalcopyrite replacement bodies or bands.The first mining operations on the conspicuous surface gossan of the Huntingdon deposit started in 1865. They were suspended in 1883. The .mine was again active from 1890 to 1893 and from 1912 to 1924. These operations were carried to a depth of 500 feet, and it is estimated that some 150,000 tons of ore were extracted, of a grade reported as varying between 3 Yi and 7 per cent copper.In 1950 a program of exploration was initiated in the area of the old mine, and resulted in the finding of 500,000 tons of ore with a grade of 2 per cent copper. A new shaft was sunk to a depth of 1,160 feet, and by February 1954 the mine was extracting 800 tons of ore daily.General Geology and StructureThe mineralized zones are on the west side of a band of altered volcanic rock, locally called andesite, adjacent to a sill-like body of serpentinized peridotite which lies west of the andesite. The bands of andesite and serpentine extend several miles north and south of the mine. Their strike is generally north 15 degrees east, and they dip steeply east. Their widths vary very considerably along the strike, but in the mine area each is about 450 feet wide on surface. They are enclosed in sediments of the Caldwell series, consisting of greywackes, quartzites, slates, and shales. The andesite belongs to the same series, which is thought to be of Cambrian age (1). The ultrabasic intrusive is post-Ordovician.At p\aces along the serpentine contact the andesite shows a pronounced schistosity; it is parallel to the contact and rarely extends farther than a hundred feet from it. No evidence of strong folding or faulting has been found so far in the mine workings. Some apparent distortions and irregularities in the strike of the contact may all be due to the intrusive nature of the serpentine. In the mine area, transgressive tongues of serpentine point southward in the andesite.A few vertical lamprophyre dykes, not more than five feet thick, cut the other formations at right angles."

Jan 1, 1949

Ferruginous manganese deposits have been known at Ripon Hills since the late 1950s. The main group of deposits occur in an area 6 km by 5 km and these were extensively investigated by Longreach Metals N.L. during1971 and 1972 for possible commercial exploitation.Ripon Hills is a dissectcd fault plateau 350 m above sea level formed by the uplift of a block of gently dipping Proterozoic shales, cherts, and dolomite. The plateau consists of chert breccia which is underlain by massive dolomite. The shales which are ferruginous and manganiferous overlie the chert breccia but are now only preserved, in places, in the broad depression and valleys of the plateau.The ore deposits occur as supergene replacement of the shales and were investigated by geological mapping, grid percussion and diamond drilling, and bulk beneficiation testing. Iron and manganese oxides erraticallyreplace Shale accompanied by the leaching of other minerals. The ore is composed of fine grained pyrolusite intergrown with fine grained hematite and locally containing extensively altered bixbyite and braunite. Thegangue mineral is mainly kaolin.The average grade, using a 15 per cent Mn cutoff, was 19 4 per cent Mn and 25&#183;9 per cent Fe for a combined drill-proven, indicated, and inferred tonnage of 56,000,000 tonnes. The average depth of this mineralization from the surface is 11 m. Using a cutoff grade of 20 per cent Mn the average grade was 24&#183;6 per cent Mn and 23&#183;0 per cent Fe for a combined tonnage of 12,000,000 tonnes to an average depth of 8 m.The substantial drop in reserves occurs because a high proportion of the mineralized material contains less than 20 per cent Mn.It was shown that whereas the lower grade ore, despite erratic fluctuations in grade, could be beneficiated to specification grade by crushing, screening, and conductivity ore sorting, the higher grade ore could be beneficiatedto specification grade by crushing and screening only. The utilization of the higher grade ore was considered to constitute a more viable operation.There is potential for high grade manganese ore to be discovered in the Ripon Hills area at the contact of chert breccia and underlying dolomite.

Jan 1, 1977

By A Keogh, P Allen, P Stoker

"An EXTENDED ABSTRACT is available for download. A full-length paper was not prepared for this presentation. Private equity (PE) firms are comparatively free of mandatory requirements for the level and scope of due diligence applied prior to making investment decisions in minerals projects when compared to listed entities, sovereign funds or financial institutions adopting the Equator Principles (Equator Principles Association, 2013). While this freedom allows for flexibility, agility and innovation in making investment decisions, it can also expose PE firms to material risks that may impact their ability to successfully list the projects or attract later financing.Financial institutions and investors with mandatory due diligence and disclosure standards may refrain from investment in or acquisition of a project if it fails to meet various performance requirements. There are many high-profile projects that have suffered significant write-downs on book value after acquisition because specific non-mining issues were not adequately assessed. Thus, a PE firm may be left with an asset that is difficult to divest and incapable of securing development finance.PE firms can manage this risk by being aware of the growth trend in the adoption of ‘international standards’ in addition to host nation standards and legislative requirements. This paper outlines key issues for PE firms to address to maximise the chances of obtaining funding or successfully taking an exploration or mining project through to listing or divestment. Two steps are required: identification of gaps in performance and priority matters of interest to financial institutions and development of action plans to ensure that the priority requirements are met or capable of being met.A PE firm can set its project for success by understanding the social and environmental performance requirements of international standard financiers and by setting the project on the right path to meeting these requirements, and thus making it an attractive investment.CITATION:Allen, P, Stoker, P and Keogh, A, 2015. Setting for success – private equity exploration and mining project buy-in to listing and divestment , in Proceedings PACRIM 2015 Congress, pp 93–100 (The Australasian Institute of Mining and Metallurgy: Melbourne)."

Mar 18, 2015