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By Seshold P

The cost of capital is the rate at which a project's cash flow should be discounted to obtain the Net Present Value. The cost of capital is a weighted average of both debt and equity funds of a company, on an after tax basis. Two methods are described for calculating a company's cost of equity, the Dividend Valu- ation Model and, more importantly, the Capital Asset Pricing Model. A worked example is presented where the cost of capital was obtain- ed for two resource companies. The application of the cost of capital was illustrated by way of a mining equipment replacement problem. The paper outlines refinements and problems that may be encountered with the use of the cost of capital, and concludes that it is an integral part of any project evaluation.

Jan 1, 1983

The author presents various procedures for the choice of dri-ving systems for mining, including the method of indeterminate Lagrange factors and linear programming.The possible application of the points-awarding method is demonstrated.It allows for taking into account both surd and commensurable characteristics of a driving system for mining. Also, the method of economic efficiency factors is outlined.All these methods make possible the best choice of a driving system, from the as-pect of electric energy saving. Two examples are given.

Jan 1, 1985

By S Latchireddi

Close circuiting autogenous and semi-autogenous mills is an energy efficient way of grinding and a number of operations have utilised this in the design of their comminution circuits. Owing to the large flow of slurry through the mill that results from operating this way the grates and pulp lifters have to be designed to cope. However, the literature has little or no information on how grate and pulp lifter size and design are related to their ability to remove slurry from the mill. Over the last few years the JKMRC has been researching this area and has developed relationships between grate/pulp lifter design and flowrate capacity. At the same time it has determined the major causes of pulp lifter inefficiency and a solution to preventing this inefficiency (the Twin Chamber Pulp Lifter). This paper describes the models that have been developed through this program and uses industrial scale data to illustrate their accuracy. Results from the industrial trials of the Twin Chamber Pulp Lifter are also presented.

Jan 1, 2000

By V Gumba, S Narendranathan, C Barker, R D. H Thomas, G P. Bungard

This paper presents the positive outcomes on an EPCM project, which was undertaken in a challenging environment, whereby the design team had to generate a design with a number of stringent serviceability criteria, any deviation from which would have had significant implications to the proposed design performance. The success of the design implementation within the tight time frame hinged upon the precise installation by a skilled contractor. The overall objective was achieved as a result of close collaboration between the designer and contractor ensuring all stringent quality assurance/quality control (QA/QC) aspects were met and opportunities to optimise design without compromising on performance were identified and implemented, resulting in a cost saving of over A$13 M.CITATION:Narendranathan, S, Thomas, R D H, Bungard, G P, Gumba, V and Barker, C, 2012. The importance of collaboration between designers and contractors in implementing a design in challenging conditions, in Proceedings Eighth Open Pit OperatorsÆ Conference , pp 97-102 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Sep 18, 2012

By R Rimmelin, C Vergara

Heap leach pads are composed of mined ore, usually crushed, disposed on liners to be processed with leach solutions, and the tail of the process is called “spent ore” which are then transported by conveyor belts to be disposed into dumps. It is often to observe stability problems in these dumps, that could affect the equipment working on it and the continuity of the whole mine process. These problems are related to an excess of water content at the spent ore, therefore the operational efforts are focused onto control this geotechnical parameter.This work presents the results of different geotechnical laboratory testing, using samples of spent ore of a mining operation in the north of Chile. In the last 10 years, 3 campaigns have been made to get samples. Valuable information was obtained to identify how specific operational/metallurgical factors could affect the geotechnical behaviour of the spent ore. Special attention is given to the decision to change the metallurgical process adding salt to the heap leach process and its impact to its hydraulic conductivity.Historically, the process has been based on the leaching of oxides and sulphides materials, in separate campaigns, in which it is possible to observe different geotechnical response in the spent ore generated. Recently, it was implemented a new process in which the materials are blended and salt is added, to improve metallurgical performance in terms of recovery. This change generate impacts in the dump, since the geotechnical parameters are affected; decreasing hydraulic conductivity in about one order of magnitude (explained by the salt added).Changes are shown in the geotechnical parameters of the spent ore, considering that the mining source is the same, and how the operational process and dump design are affected.CITATION:Rimmelin, R and Vergara, C, 2018. Geotechnical behaviour of spent ore – impacts of metallurgical factors, in Proceedings Mine Waste and Tailings Stewardship Conference 2018, pp 369–375 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Jul 23, 2018

By G S. Anderson, N W. McDonald

"The IsaMill™ was originally developed to address liberation issues at Mount Isa Mines (now Glencore) operations, McArthur River and Mount Isa in the early 1990s. Following on from the industrial success at those operations, the IsaMill™ was commercialised. In the year 2000, Kalgoorlie Consolidated Gold Mines (KCGM) became the first external user of the technology with a 1.1 MW M3000 IsaMill™ installed to supplement the roaster capacity at its Gidji Processing Plant. The IsaMill™ was used to ultra-fine grind about 10 t/h of pyrite flotation concentrate to 10–12 µm prior to gold cyanide leaching. Based on the success of the Gidji installation, another was installed at the processing plant at KCGM’s Fimiston operation in 2002 in a similar duty.In 2014, a 3 MW M10 000 IsaMill™ was selected to replace the roasters at Gidji as part of the A$98 M emissions reduction project. The mill was commissioned in April 2015 at the design 30 t/h, allowing the immediate shutdown of the two roasters. Replacement of roasting with ultra-fine grinding completely eliminated air emissions at Gidji while maintaining overall plant production rates.This paper details the history of the IsaMill™ at KCGM from the original M3000 to the latest M10 000. It covers the basis of the process selection, circuit design, operating and maintenance data.Citation:Anderson, G S and McDonald, N W, 2016. IsaMill™ at Kalgoorlie Consolidated Gold Mines - from the M3000 to the M10 000 and Replacement of the Roasters at Gidji Processing Plant, in Proceedings 13th AusIMM Mill Operators’ Conference 2016, pp 29–38 (The Australasian Institute of Mining and Metallurgy: Melbourne)."

Oct 10, 2016

By Fiedler VA, Threadingham GM, Leckenby DF, Clarkson CJ

The Utah Development Company Research and Development Laboratory has embarked upon a programme of optimisation of the company's coal preparation plants. This goal is being accomplished in a three-fold manner - use of pilot plant equipment for optimisation and modelling of the various unit operations, evaluation or development of on-stream ash analysis for process control, and evaluation or development of alternative processes. In each of these areas, digital data acquisition- and at a later stage, process control feedback, is being extensively utilised, based largely upon the use of the HP85 and HP9915 desktop computers. A variety of input/output configurations such as HPIB, BCD, GPIO are used, and at times supplemented by microprocessors such as the Intel 80/05 to assist in data transfer. This paper will discuss a number of specific projects, especially in relation to the manner in which the variables are monitored, and the data later retrieved and analysed.

Jan 1, 1983

By Toivanen R-M, Leinonen O, Pekkarinen H

This paper presents developments in designing an integrated mine control system at Kemi mine. The aim of this paper is to present the general structure of the system and to outline some features of the process control strategies. The results o

Jan 1, 1998

The present Pacific Ocean arose from rapid sea-floor spreading that commenced in the late Mesozoic, and continues to the present day. It started within what is here called the Medusa complex of seaways, basins and troughs with spreading ridges and volcanic arcs, that girdled the earth, including the Palaeotethys and Neotethys of Eurasia between Gondwanaland and Laurasia. Detailed mapping and analysis of palaeofaunas and volcanic arcs indicate that several seaways, rather than one or two, extended throughout Tethys, and into areas now occupied by the Pacific Ocean. The Medusa complex developed under a long sustained wrench regime, right lateral at least from New Zealand to Eur.ope, and saw the origin, maturation and closure of elongate and oval basins under erratic sea-floor spreading, in which no Eulerian pole of rotation remained fixed for long. The name Medusa stems from the analogy of snake-like writhing hair to the constantly shifting development of basins and orogens within the complex. The Indian Ocean split and opened up Gondwanaland concomitant with the later development and deformation of the Tethyan segment- of Medusa, whereas, to the east, the Pacific Ocean opened within Medusa itself, and dispersed Medusa around the rim of the Pacific through sea-floor spreading and strike-slip faulting.

Jan 1, 1987

The purpose of this paper is to review recent approaches by regulators, employers and employees and their associations to the introduction of flexible employment practices and the management of fatigue related risk. More importantly, it will focus on developments in our law either through legislative change and cases which have dictated trends. The paper particularly considers the limitations imposed by occupational health and safety legislation to resist or limit the move to flexible workplace practices on the basis that such practices are unsafe.

Jan 1, 2003

By McCarthy P. L

With production at Olympic Dam scheduled to commence in June 1988, it has been necessary to install a complete underground ore handling system capable of removing two million tonnes of material annually from the mine. The system comprises mucking from stope drawpoints, truck haulage to underground storage, primary crushing, conveying and hoisting. On the surface, material is conveyed to stockpiles at the Metallurgical Plant. Mining of the numerous special excavations within the system was incorporated into the mine's ongoing development program prior to the underground construction phase. Utilisation of a decline from the surface enabled versatile construction equipment to operate at the underground sites as well as simplifying the transportation and delivery of construction Materials.

Jan 1, 1988

By Laage L. W

line fires pose a serious threat to the safety of all underground personnel. Early knowledge of the location of a fire in a complex underground mine would greatly reduce the associated risks by enabling miners to choose the safest escape routes, rescue teams to concentrate searches where survivors would most likely be found, and fire fighters to select the most efficient route to the fire and the most effective fire fighting strategy. Once'the fire's location is known, other related aspects of the fire can also be inferred, such as intensity, fuel, and growth Rate.

Jan 1, 1988

By Abell RS, Wyborn D, Solomon M, Stuart-Smith PG, Henderson GAM

The two major massive sulphide deposits in the Silurian rocks of southern NSW, Captains Flat and Woodlawn, differ from classical Kuroko deposits in several ways, e.g. they lie on the flanks of felsic volcanic piles in volcano-sedimentary marine sequences, are relatively thin and large compared to individual Kuroko deposits, show prominent banding in lead-zinc ore, and contain arsenopyrite. Qualified stuctural and stratigraphic correlations of the various fault-bounded remnant Silurian sequences that host these deposits provide the basis for a new interpretation of the regional geological setting that also differs from that of the Kuroko deposits (Ohmoto, Tanimura, Date, Takahashi, 1983), and sheds further light on the distribution of volcanogenic massive sulphide deposits in the Silurian rocks of NSW.

Jan 1, 1987

By J F. H Thompson

"An EXTENDED ABSTRACT is available for download. A full-length paper was not prepared for this presentation. Mineral exploration and mining are challenging businesses. Remote and at times harsh conditions have always made it difficult for exploration, but modern explorers also have to deal with cover, numerous technologies, an explosion of data and critical early community engagement. Mining deals with the reality of moving and breaking thousands of tonnes of rock each day to extract what can be a very minor component of economic value, and, furthermore, society expects that this will be done in a clean and sustainable manner. The exploration and mining challenges appear disparate, but they are intimately related.Although not widely appreciated, both exploration and mining have a long tradition of innovation. Over the last 50 years, major step changes in exploration have resulted from radical advances in our understanding of ore forming processes, new geophysical, geochemical and remote sensing technologies, and new ways to integrate and interrogate data. Over a more extended period, close to 100 years, mining has developed bulk surface and underground methods, selective extraction through flotation and leaching and global positioning system–geographic information system control systems that collectively facilitate mining at a massive scale. And yet, in spite of these successes and the boom that we have enjoyed in the last ten years, the industry is under pressure and the need for innovation and change is paramount.The major drivers for innovation are the need for increased quality in discoveries and mines and the need to interact effectively with communities and jurisdictions such that the benefits of quality mines are recognised and enjoyed widely.We are still making new discoveries around the Pacific Rim and elsewhere, but many argue that the quality – grade and accessibility – of these discoveries is decreasing. The net result is that explorers are delivering resources and reserves for development at lower grades and with higher capital and operating costs than current operations. For mining, the increasing age of many existing operations contributes to increasing costs, which, when combined with decreasing cut-offs and lower grades, also results in declining quality. The combined picture does not look good.Just as the pressure to improve performance and margins in the face of declining inputs increases, we are simultaneously faced with increasing societal demands for improved environmental performance and sustainable practices. This is most apparent at the local, community level, where opposition ultimately leads to delays or even cancellation of new projects. Quality is again the issue – quality of the initial and ongoing engagement and quality of the proposed mine in terms of environmental and economic performance.CITATION:Thompson, J F H, 2015. Exploration and mining – the need for innovation , in Proceedings PACRIM 2015 Congress, pp 45–48 (The Australasian Institute of Mining and Metallurgy: Melbourne)."

Mar 18, 2015

By T J. Beardsmore, N Wyche, D Flint, T J. Griffin

Western Australia (WA) is currently the world’s largest iron ore producer, and mining of its huge reserves and resources of iron ore has become a critical part of the state’s economy and regional development. Iron ore exports from WA have reached 760 Mt/a, corresponding to shipping more than one Mt per turn-of-the-tide from the state’s ports. The iron ore sector dominates all commodities produced in WA, and in 2016 accounted for 77 per cent of the state’s royalty receipts, 56 per cent of mineral and petroleum exports (by value) and 50 per cent of mining industry employment. Expenditure on exploration for iron ore (including that for resource estimation and conversion to ore reserves) has declined markedly, from its record peak of $1100 M in 2012 to $280 M in 2016, placing it second after gold. Foreign investment has been a key element underpinning development of the iron ore industry from the 1960s until today, and will likely continue to be so into the future.CITATION:Flint, D, Wyche, N, Beardsmore, T J and Griffin, T J, 2017. The importance of iron ore to Western Australia’s economy, in Proceedings Iron Ore 2017, pp 7–12 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Jul 24, 2017

By T P. Medhurst

In many cases mine design is the most important driver of the profitability of a mining project, however to reach an æoptimumÆ mine plan many compromises have to be made. Some of the fundamental profit (and loss) drivers relate to stoping methods and stope design parameters. Inevitably trade-offs have to be made between the stability of underground openings, ground support costs and production efficiency. This paper looks at the role of geomechanics in the mine planning and design process. The concepts of æcontrollable lossesÆ and æuncontrollable lossesÆ are developed as a means of partitioning ground control costs. A stope design example is given which provides a method of examining mining costs, and includes a decision making element in order to quantify geotechnical impacts and select stope dimensions. The method also provides a general framework as a means of balancing ground control costs against maximising returns from an underground mining project.

Jan 1, 2000

By Jacobsen L. K, Gross K. B

This paper, describing milling practice at Mount Isa Mines, is one of a series covering milling methods and costs that is being published by the Bureau of Mines, United States Department of the Interior.The Mount Isa concentrator began operations in May 1931, by treating a mixture of oxidized and sulphide ores. Since March, 1935, only sulphide ores have been milled; this change involved major alterations to the flow sheet. The maximum capacity on mixed oxide and sulphide ores was 2,650 tons per day; the present capacity is approximately 1,880 tons of sulphide ore per day. The installation of additional Grushing, grinding, and flotation equipment when completed early in 1939 will increase the maximum capacity of the concentrator to 2;240 tons of sulphide ore daily.All tonnages in this paper are expressed in tons of 2,000 pounds, gallon measurements in terms of Imperial gallons of 277·41 cubic inches, and costs in dollars at the rate of $4 United States currency to the Australian pound.

Jan 1, 1939

By D Craw, I M. Turnbull, R J. Norris, N Mortimer

The Otago Schist is being subdivided on a regional scale into structurally, metamorphically and lithologically distinct blocks. Differences between blocks are subtle, and difficult to map in the field. Boundaries are late-metamorphic or immediately post-metamorphic in origin, and are different from later brittle faults which disrupt the schist. Mapping of late-post-metamorphic structural discontinuities has direct application for basic grassroots exploration in the Otago Schist. The mineralised (and currently mined) Hyde-Macraes Shear Zone forms a regional scale boundary between a block dominated by politic schist and a block with massive psammitic schist, pelitic schist, and minor greenschist and chert. The HMSZ forms a metamorphic discontinuity, with garnet and biotite in the underlying schist, and neither index minerals apparent in the overlying schist. The HMSZ is also a structural boundary between domains with differing lineation orientations. The HMSZ can not yet be traced along strike to the northwest to the Rock and Pillar Range, where the only major discontinuities recognised are the Caples-Torlesse boundary and a normal fault separating low grade from high grade schist. Structural and lithological discontinuities in the Dunstan Range break the range up into distinct structural blocks, two of which are separated by the gold-mineralised Rise and Shine Shear Zone.

Jan 1, 1999

By G Clarke

Commissioning of the Cannington processing plant began in October 1997. The nameplate capacity (of 1.55 million tonnes of ore per annum) was achieved relatively quickly. Since then (like many mines) the operation has strived to increase throughput and improve valuable metal recoveries, to offset declining head grades and lift the value of the operation. The processing plant now has the capability of treating over 3.2 million tonnes of ore per annum and in financial year 2005/06 the combined concentrate production exceeded 600 000 wet tonnes, approximately 80 per cent above concentrate output in the first full year of operation (at the design feed rate). This improved performance was achieved by making changes and additions to each of the major unit processes û primary grinding, flotation, leaching, filtering and paste fill preparation. The changes have included: adding a fines flotation circuit, expanding the grinding circuit, adding a pebble crusher, switching from continuous to batch leaching, building paste conveyors and decommissioning the column flotation cleaning circuits. This paper reviews these changes, outlines the current operating practices and discusses the challenges or opportunities that remain.

Jan 1, 2007

I am very grateful to have the honor of delivering this Key- note Speech to all of you here today, to the Chairman Mr Cope- man, and to all the organisers. As you heard, I was mainly involved for a very long time in the purchase of iron and steel raw materials for Nippon Steel Corporation. Today, however, I would like to talk to you about a much wider issue, namely, how the Japanese steel industry is going to change towards the 21st Century, and what will be the main technical innovations and trends behind those changes. I will also mention the effect that the changes are likely to have on the procurement of raw Materials.

Jan 1, 1988