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By G D. McDonald

Flinders Mines is an ASX300 iron ore explorer and developer with a tenement package located in the Hamersley Ranges region of Western Australia, approximately 70 km north of Tom Price. Exploration over the past three years has identified a Global Resource in excess of 740 Mt at a grade of 55.4 per cent Fe (+50 per cent Fe cut-off). This resource is spread across multiple deposits and has been divided into a number of mineralisation type domains based on geometallurgical and geochemical boundaries. These domains are comprised of transported haematite rich detrital iron deposits (DID) and goethite dominant Channel iron deposits (CID) as well as in situ bedded Brockman iron deposits (BID). On the basis of differences in physical and chemical characteristics, the DID have been divided into four discrete units. The four DID units form a stratigraphic sequence with the iron grade increasing and the contaminant concentrations decreasing with depth. The upper DID unit is lower grade and currently unlikely to provide a marketable product, without signifi cant beneficiation. The lower three DID units, together with the CID and BID, are of a higher quality and have the potential to yield marketable ore. The ability to define and recognise these different units has resulted in a more reliable and robust geological interpretation and hence greater confidence in the resulting resource model. This has been evident in the excellent conversion of inferred to indicated resources.

Jul 11, 2011

By M I. Pownceby, N A. S Webster, J R. Manuel, J M. F Clout, E Donskoi, N A. Ware

The relative influences of sinter mineralogy, sintering temperature, solid and pore macro- and microstructure on iron ore sinter physical strength are not yet fully understood. Whilst a range of analysis techniques have been used by researchers to evaluate sinter physical properties and sinter mineralogy, none have been able to directly link sinter mineralogy and physical strength under controlled conditions. CSIRO has developed a unique laboratory method to study the fundamental melting properties of fine iron ores in a laboratory furnace under a controlled temperature and gas atmosphere environment designed to simulate the industrial sintering process. Compacted tablet samples for a 0.41 per cent and a 2.5 per cent Al2O3 series were fired in a tube furnace at various temperatures, cooled, then tumbled using a modified Bond abrasion test apparatus to determine a relative tumble index (TI) at each temperature. Quantitative XRD (QXRD) analysis was then carried out on the tumbled samples and optical image analysis (OIA) was conducted on polished sections of a separately fired compact in each case. The amount of total SFCA was found to decrease with increasing firing temperature for both alumina series with the total amount of SFCA higher in the 2.5 per cent Al2O3 series compared to 0.41 per cent Al2O3 series samples. The increase in the amount of magnetite and hematite with increasing firing temperature was largely at the expense of a decrease in total SFCA. Overall, there was good agreement between the quantitative mineralogy determined from QXRD versus OIA for SFCA, hematite and magnetite. Qualitative analysis of high magnification images of the sinter correlated with both the OIA and QXRD results.

Sep 18, 2023

Coal slurry pumping was introduced into the U.K. in 1973. Gateside packs were prepared in areas of containment using R.O.M. coal and a special fast setting cement. The packs restricted roadway convergence and moderated spontaneous combustion risks, but costs were high and alternptives were sought. A similar system using OPC and an accelerator had limited success. Much more successful was the Aquapack process which used dilute slurries of a special OPC based cement and an accelerator based on sodium carbonate and bentonite pumped simultaneously into la fabric packbag. The Tekpak system using HAC and a much modified calcium sulphate mixture superceded Aquapack on the grounds of improved cement pumping life lower alkalinity and lower costs. A further modification of this system gave a cement with a 24 hour pumping life thus obviating flushing out pipe ranges except at the week-ends, improved packbags also increased the efficiency of the process. The hazard of spontaneous combustion can be inhibited if air supply channels across the waste can be located and plugged. Using gas samples from pack pipes to locate the heating and injecting a special grout, formulated from bentonite, sodium silicate and thixotroping agents. into the waste on the intake road has proved a successful method of controlling heatings. Mine' roadway and face cavities are being safely and successfully filled with cementitious foams produced in a novel placer machine. The foams are based on fast setting cements with specialised foaming agents. Up to 13 cu. metres per hour of fast setting thixotropic foams can be produced and their use is now widespread throughout U.K. coal mines.

Jan 1, 1986

By A G. Guinea

If you were reading this article in a newspaper or similar in the 1800s, you would know that the world was firmly in the grip of the Industrial Revolution. You might have been one of the families that decided that an agriculturally based existence was no longer for you, and that the promise of a factory job was more appealing and more secure. And it was. Financially at least. Not so much from a workplace safety perspective.

May 5, 2022

By B Green

With a focus on safe productive tonnes, there has been an ongoing drive to increase the productivity of the mining fleet across BHP Billiton. In response, a team from the Iron Ore business was formed to review all aspects of the end-to-end drill and blast process and to challenge conventional practices that limit production efficiency. As a result of the outcomes of this work, a number of initiatives were identified to improve operational practices that have also delivered significant cost savings.One such initiative was to increase pattern size to a minimum of 1 Mt where practicable, thereby creating ‘megablast’ as a new standard across all mines. To achieve blasts of this size, the team had to overcome the complex problem of integrating wall control into the megablasts.With traditional blasting techniques, the key strategy, which is also historically inefficient but was thought to be integral to having stable, safe walls, was to utilise the trim blasting/modified production blasts technique (ie narrow blasts along the pit wall designed to ‘peel off’ the material while minimising the effects of vibration and charge confinement on wall integrity).Small traditional trim patterns comprise three to four rows of production holes and one or two rows of batter/buffer holes of reduced diameter that require the firing face to be completely exposed before blasting. This is an extremely slow process that requires a lot of resources for very little tonnage while adding additional expense to the final cost per tonne.This paper will show how the megablast approach was developed to control damaging vibration and confinement effects, flyrock and fragmentation while having the largest possible blast that includes wall control. The new practice is based on a theory that involves the initiation point and control row being the second row of holes from the pit wall itself. Adjusted charges in vented batter and buffer holes help to achieve an optimal toe design, and at the same time create a zone of broken ground that absorbs damaging vibrations formed by the attached production blast of any size, whether it is a straight wall or a multi-angled complex pit shell design.Using the new style of blasting has allowed an increase in the size of the patterns from an average of 300 kt to over 1 Mt whilst maintaining pit wall integrity. Case studies will be presented showing drill, charge and tie-in designs with the presentation having additional blast videos, including overall shots of blasts and in-close footage of what happens behind the blast at the crest of the planned catchment berm.The paper will also demonstrate the flow-on effect of using this style of blasting to reduce operational costs associated with other downstream processes, such as the reduced requirements for pattern preparation, an increase in productive digging, reduced maintenance costs and a decrease in fuel burn for equipment.CITATION:Green, B, 2015. Megablasts – enabling technologies in BHP Billiton Iron Ore, in Proceedings 11th International Symposium on Rock Fragmentation by Blasting, pp 599–606 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Aug 24, 2015

By E Wargem

The optimum mining of an orebody in an underground mining operation is fundamental to the mine’s ability to operate both sustainably and efficiently. The effective mining of an open stope or a cave is largely reliant on the recovery of the initial void created by conventional drilling and blasting. These initial voids are known by various names such as a Longhole Rise, Slot or Winze and can be mined either as a downhole or as an uphole. Regardless of the underground mining method, the process of the design and implementation of this initial void is largely uniform across many operations with various patterns of slot or winze designs used across these different operations. Diligent design, implementation and review strategies in drilling and blasting of these will facilitate cost-effective mining with minimal disruption to mine schedules and production targets. When an operation struggles in opening the initial void in underground mine blasting, it has a negative impact on productivity, mineral recovery, and the overall economics of mining. Near field blast vibration monitoring is a vital tool to use in analysing slot blasts and will provide additional feedback into the reconciliation part of the drill and blast process. It is one that is often overlooked in the mining industry in many operations due to many factors such as lack of skilled personnel, or a lack of required resources. The data obtained from near field blast vibration monitoring can be used to provide additional feedback into blast reviews and help in any drill and blast optimisation projects. This paper highlights key aspects of underground drill and blast reviews and the use of near field blast vibration monitoring for post blast analysis and shares learnings from various projects that the authors have been involved in within Australia and abroad.

Mar 29, 2023

By G Haywood

This paper presents the evolution of the planning, scheduling and mining practices at the Yilgarn Star underground. The paper will concentrate on the principals of æjust in timeÆ and the impact of such practices on mine planning and scheduling and subsequent development and production. The principals of æjust in timeÆ were developed to minimise the impact of creep and time dependent failure of the ground in the ore and hangingwall zones. These zones are characterised by altered schistose material with inherent weak rock strengths compounded, at depth, by the maximum principal stress of the virgin stress field approaching the UCS of the rock mass. Yilgarn Star underground has and continues to develop the æjust in timeÆ methodology to ensure the continued viability of the mine. The mine continues to use longhole open stoping mining methods to ensure high levels of productivity with minimal dilution and at an acceptable cost of production.

Jan 1, 2002

By A R. Hollis, M Heddon

The safe life cycle of a Tailings Storage Facility (TSF) is founded on the fundamentals of proper design, construction, operation and closure. Leinster Nickel Operations (Leinster) utilises four active TSF cells that are cycled between filling (deposition), desiccation, and construction to meet a targeted rate of rise. This results in ongoing and consistent raising of the TSF walls. Critical to maintaining the safe life cycle through this consistent wall raising is precision construction and high frequency quality assurance to ensure compliance to design requirements and TSF walls free from defects. Leinster has recently deployed Intelligent Machine Control technology for TSF construction. Advances in Intelligent Machine Control have decreased variability in construction; ensuring variations are within the tolerances of design. The Intelligent Machine Controls are programed to ensure construction conforms to design tolerances of +/-30mm. This level of accuracy provides assurance of borrow area set out, compacted layers are as per design, compaction monitoring is within the zone placed, scarification between layers to prevent lamination is maintained, and batter angles are set to the correct grade. This level of control provides certainty that construction meets the design intent. In conjunction with Intelligent Machine Control, periodic drone surveys are conducted to verify construction against design. Advancement in survey equipment and techniques allow higher frequency, high accuracy survey to be completed on demand by site based personnel. This provides quality assurance through all stages of the construction phases, as well as the final constructed wall, ensuring compliance to design. Combining Intelligent Machine Control with higher frequency quality assurance provides an increased level of certainty that the TSF construction is defect free and within quality specifications. These recent technological advancements in Construction and Quality Assurance ensure cell raises are constructed to the design intent with greater levels of accuracy and precision than ever before.

Jul 1, 2021

By S Logan, J Pu, J Milsom, G McDonald

Management of environmental issues is an integral part of the mine decommissioning process. In Queensland, miners must comply with environmental aspects of the Mineral Resources Act and Contaminated Land legislation. Successful decommissioning involves the integration of a final Plan of Operations, decommissioning report addressing the mineÆs commitments included in its Environmental Management Overview Strategy (EMOS), and Site Contamination Report for relinquishment of leases under the Contaminated Land Act (1991). Niugini MiningÆs Red Dome Mine is proceeding through the decommissioning process. This paper discusses the important environmental management issues including sampling programs, management of culturally significant areas, assessment of background concentrations of target analytes, the use of historical reviews and risk assessment techniques, the timing of works, and the remediation/management of large areas of impacted land. The importance of a clear communications plan between key stakeholders is also discussed.

Jan 1, 1998

By P Wilson

The Mt. Wright Underground Mine is located near the town of Ravenswood in North Queensland and is operated by Carpentaria Gold – a wholly owned subsidiary of Resolute Mining Limited. The establishment of the world’s first Sub Level Shrinkage (SLS) mine from a tradition Sub Level Open Stoping operation has proven to be a geotechnical challenge which has required tailored solutions to overcome unique issues. This paper will be broken into two distinct sections that will outline: a brief overview of the mining method and how the SLS method was chosen; and how the SLS is managed and key geotechnical learnings. The story of the world’s first SLS originated from the need of a bulk mining method to ensure the viability of Mt. Wright into the future. Traditional bulk mining methods such as; Block or Sublevel Caving were originally ruled out due to the low natural ‘cavability’ of the orebody and the proximity of the orebody to existing major infrastructure (Decline, Ventilation Rises and Egresses). The first section of the paper will outline the key geotechnical information that helped decide the SLS method in addition to how continuous backfill influenced the design. The second section is intended to address issues that the geotechnical engineers encountered since the inception of the SLS. The feature topic of this section is mining induced stress. Like most bulk mining methods, Mt. Wright had success when the production front was running parallel to the stress (production front being ‘shadowed’ from the stress). This was until a design change, forced by a splitting ore body resulted in this shadowing effect becoming harder to achieve. As a result, rehabilitation and production hole re-drilling become a regular occurrence, which teamed with a strict set of access controls made the production cycle longer and harder to complete. CITATION:Wilson, P, 2018. Mt Wright – geotechnical learnings from a sub level shrink, in Proceedings The Fourth Australasian Ground Control in Mining Conference (AusRock), pp 119–132 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Nov 30, 2018

Over the last 15 years working in the mining, construction and extractive industries, one of the areas that has always concerned and at the same time drawn the author to it is the application of drilling and blasting in the underground development mining and civil construction tunnelling fields. In that time, the author has come across many drives and tunnels that are larger than design or badly damaged in the perimeter or both. When the question is asked as to why this is the case, the reply is generally æthatÆs the way it is and always has beenÆ. Sometimes it is blamed on bad ground, bad drilling, bad explosives, bad initiation or just plain bad. Most operators build a dilution factor into development and tunneling costs as an acceptance of overbreak and similarly pattern bolt everything to overcome excessive perimeter damage. This paper will attempt to unravel some of the mysteries behind perimeter drilling and blasting in underground drives and tunnels and discuss methods to reduce overbreak and therefore reduce costly dilution and to minimise perimeter damage which in turn will allow more cost-effective ground support. It should not be assumed that better drilling and blasting alone would automatically allow an operation to reduce ground support. The operator must still æreadÆ the ground and its characteristics in order to ensure sufficient ground support is placed to allow the operation to progress safely. This paper will not go into the intricacies of bolting, meshing, shotcreting, concreting and other ground support, but it will use indicative costs for the primary areas of drilling, explosives, excavation and labor to show the magnitude of cost-efficiencies which can be obtained through improved drilling and blasting applications. Drill and blast remains the most flexible and cost-effective method of underground excavation as long as it is applied safely and effectively.

Jan 1, 1999

By A Satyanaga, H Rahardjo, K G. Mercer

The soil-water characteristic curve (SWCC) is one of the most essential soil properties in unsaturated soil mechanics. The water flow and storage characteristics of an unsaturated soil are closely related to the amount of water contained in the pores and the negative pore-water pressure in the soil. These are both in turn, related to the particle-size distribution and the plasticity of the soil. The SWCC is obtained by laboratory testing which is difficult to perform, costly and time consuming. There is a significant advantage in establishing typical SWCC envelopes for different soil types from a geotechnical design and analysis viewpoint. This paper presents some of the research work undertaken by UWA and NTU to develop SWCC envelopes for soil types classified in terms of the ASTM D2487 Unified Soil Classification System (USCS). This was done by establishing a large database of soils from across the world, classifying them according to ASTM D2487 and undertaking SWCC testing for each soil. This paper presents the SWCC test results from a selection of three of the most common soil classifications encountered in geotechnical engineering practise.CITATION:Mercer, K G, Rahardjo, H and Satyanaga, A, 2018. The development of soil water characteristic curves for soil types classified according to the USCS, in Proceedings Mine Waste and Tailings Stewardship Conference 2018, pp 263–273 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Jul 23, 2018

By A Chadwick, J de Ross, C Adams

Imagine a æshinyÆ new mine, $1 B in the bank and record commodity prices. So how does a company and its management team create enough tension to maximise profit and to establish a culture that can weather the good and bad times?That was exactly the situation the team at OZ MineralsÆ world class Prominent Hill mine in South Australia faced in 2009.Three years later, the harder times have come - lower though still healthy commodity prices, rising industry costs, fierce competition for talent, geological and technical issues (common to developing mines). However, the company was able to maximise profit during the good times and equip the culture to deal with the tougher times with minimal turnover.Through the combination of simple systems and processes, people development, application of commercial technical acumen and a combination of yin and yang leadership, OZ Minerals has achieved something quite rare - sustainable continuous improvement.The journey started with a vision. The EGM Operations created the æsparkÆ. The dream was to create a æfranchise mineÆ that could be rolled out to new mines and acquisitions as the company grew. However, the real leadership came from his lieutenants who provided the important yin and yang. The GM commercial provided the tools, processes, systems and the bottom line focus. The GM operations focused on culture, leadership, training and sustainability. This powerful combination (along with some good old persistence) was able to create the critical mass required to make continuous improvement go æviralÆ.This paper explores this unique case to uncover the essential ingredients that were created and mixed together. It will touch on the key human, technical and system elements that helped achieve significant improvements in plant recoveries, mine throughput and operational efficiencies, while overcoming human capacity, geotechnical and contractual challenges.CITATION:de Ross, J, Chadwick, A and Adams, C, 2012. How to create a perfect storm, in Proceedings International Mine Management 2012, pp 239-250 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Nov 20, 2012

By R C. Morris

Secondary microplaty haematite in its variety of styles and generations is the defining component of the high-grade banded iron-formation (BIF)-hosted iron ores of the world that are dominated by martite (M; - haematite pseudomorphs after magnetite). The term microplaty haematite (mplH) was introduced during the CSIRO-AMIRA 1976-1994 iron ore program, and was used to differentiate the then main export martite-microplaty haematite (M-mpl H) ore types of Tom Price-Whaleback and Paraburdoo (Paleoproterozoic), from the newly exploited, more prolific supergene martite-goethite (M-G) ores (Mesozoic-Paleocene) of the Hamersley Province that are now the major Hamersley iron ore exports.Morris (1980, 1985) suggested that the most important genetic factor that distinguishes the two main ore types was regional metamorphism of Paleoproterozoic M-G ores at temperatures normally related to diagenesis (ca 80 - 100°C). As temperatures increased, mplH grew in goethite both spontaneously as well as by nucleating on martite and other pre-existing haematite. Because the conversion of goethite to haematite involves a ~27 per cent reduction in volume, the crystals probably grew within microvoids of their own creation, with iron transfer through water resulting from the process itself, a local hydrothermal process requiring no introduced hypogene fluids.Barley et al (1999) and Taylor et al (2001) concluded instead that oxidation of introduced siderite in hydrothermally metasomatised BIF ‘protore’ resulted in mplH + ankerite by reaction with heated meteoric fl uids. This postulated ‘protore’, still preserved locally at Mt Tom Price, was described during the CSIRO-AMIRA program as local post-ore BIF metasomatic residuals. These new hypogene-meteoric concepts for M-mpl H genesis have formed the basis for a range of varying local and international models that currently dominate the literature of iron ore.No valid petrographic data supporting the hypogene-supergene modelling was found but petrographic images of goethite-related mplH growth in a range of different environments are shown.

Jul 11, 2011

By E Williams

The role and importance of a well designed test work program during the development of an orebody is often underestimated. A test work program should be tailored to deliver very specific answers to relevant questions. With a clear purpose, the results from the test work program will enhance the outcome of the feasibility study and provide the information required to meet the requirements of all stakeholders. With regard to test work programs there are three main areas that should be considered: orebody characterisation and definition, process flow sheet development and engineering design information.Orebody definition relies on reliable analytical methods to characterise and assess the economic minerals present in the ground. In mineral sands, the physical processing characteristics of the minerals play a significant role in the definition of an orebody. The analytical method therefore has to be customised using a combination of laboratory techniques. These techniques can include heavy liquid separation, gravity separation and magnetic separation and are usually combined with chemical and mineralogical analyses to create a picture of the orebody. During the definition phase of test work programs, an appropriate analytical technique has to be developed to evaluate drilling samples, but also to support the information collected during flow sheet development.Process flow sheet development is usually done once there is a reasonable understanding of the size and variability of the orebody. Selecting the best sample for test work is critical, as any flow sheet design is tied to the specific characteristics of the sample used for development. There are other factors that can improve the outcomes of flow sheet development test work, including the skills and knowledge of the operator and allowing sufficient time to process and analyse the results. Very often this work is conducted under pressure with limited time and resources, only to result in a suboptimal flow sheet. During this phase of flow sheet test work, iterative testing will provide the information required to develop an optimal metallurgical flow sheet. The data collected will provide indicative recoveries and yields that are required for feasibility studies.Equipment specification is often included as part of process flow sheet development. This includes comparative test work between different equipment suppliers, assessment of operating conditions such as the loading to determine the number of processing units required, as well as other design information required such as particle size distributions, density and operating temperatures.While restricting the time and costs expended on test work programs may seem to meet a short term need to meet investor requirements, neglecting to develop a proper framework of the requirements that has to be met in the long-term can lead to significant long-term cost overruns. This is mainly due to a need to repeat test work, or do confirmation test work, as insufficient information was collected during the initial program.

Oct 5, 2011

By Ring R. J, Waters D. J, Vautier F. E, Fulton E. J

Laboratory leach tests have been carried out by the Australian Atomic Energy Commission to compare the effectiveness of Caro's acid (permonosulphuric acid) as an alternative oxidant to pyrolusite in the leaching of uranium ores. Results demonstrated that Caro's acid reduced acid consumption in leaching and the lime required for neutralisation of tailings liquor. The uranium extraction was unaffected by choice of oxidant.Following this study, Interox Chemicals Pty Ltd arranged a plant trial using Caro's acid at the Nabarlek uranium mill of Queensland Mines Ltd. The trial confirmed that significant savings in acid and lime usage can be achieved under plant conditions.Plant operations also demonstrated that Caro's acid has a number of significant operating advantages over pyrolusite.Queensland Mines Ltd have recently decided to convert their leaching process from pyrolusite to Caro's acid. The new system is expected to be fully operational by mid 1983.

Jan 1, 1983

By S Farrokhpay, C Akop

Copper-gold-pyrite ore types with an elevated pyrite head grade utilise a sequential flotation circuit to recover initially a copper-gold concentrate with a pyrite-gold concentrate being produced from the tailing of the initial circuit.A simpler flotation circuit with lower operating and capital costs for treatment of such copper-gold-pyrite ores with an elevated pyrite head assay was sought in the described work. After characterising the ore, the objective was to apply bulk rougher flotation of both the copper minerals and pyrite for the copper-gold-pyrite ore at natural pH. Hence, no lime or other pyrite depressants were required in bulk roughing. The bulk rougher concentrate was upgraded in a cleaner circuit to reject non-sulfide gangue and then the resulting sulfide concentrate was separated by depressing the pyrite to produce two products (copper and pyrite concentrates, both having significant gold assays). A standard test with a sequential circuit was applied to the same ore for comparison.The chalcopyrite and pyrite losses in the tailing from the rougher circuit were the same for both bulk and sequential roughing (less than six per cent). In cleaning (bulk circuit), the effective pH for pyrite depression was 11.8–11.9; copper recovery was 70–75 per cent (grade of 15–20 per cent copper) and the sulfur recovery (pyrite product) was 80–85 per cent (grade of 34–36 per cent sulfur).These results approached those for the sequential circuit where copper recovery was 80–85 per cent (grade of 15–20 per cent copper) and the sulfur recovery (pyrite product) was 83 per cent (grade of 38 per cent sulfur).The observed effects of feed sizing on the liberation of minerals in the rougher feed are discussed. Options for improving the bulk circuit results are also considered. Importantly, the implications of various aspects of these findings for the bulk circuit are discussed with an industrial focus.CITATION:Akop, C, Farrokhpay, S and Johnson, N W, 2014. An alternative circuit for chalcopyrite-pyrite ores with elevated pyrite content in Cu-Au ore treatment, in Proceedings 12th AusIMM Mill Operators’ Conference 2014 , pp 407–416 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Sep 1, 2014

By Sagrabb T

In a company's quest for financing the development of a new mine, it will make calls on stockbroking houses and banks. The choice of the best-fit broker or banker is of great importance, and in the case of the miner, this is a house that has an intimate understanding of the mining industry, particularly one that has a solid staff complement of personnel with operating mine experience at a senior level. The most important document that the company will present to support its financing request will be the Feasibility Study. It cannot be too strongly emphasised that this document must be absolutely comprehensive and cover items including: (a) Geological review; (b) Resources and reserves; (c) Mineability; (d) Mining schedule; (e) Metallurgy; (f) Process plant description; (g) Infrastructure and services; (h) Management and operations; (i) Environmental and social impact; (j) Capital costs; (k) Operating costs; and (1) Financial analysis. The elements listed above represent major topics and require a great deal of expansion in the body of the document. Rothschild Australia Limited assists its client companies by supplying a detailed framework so that they will be in a position give the bank the information it needs to complete its technical `due diligence' study within a mutually agreed time. The client company will advance its position markedly if it uses well-known, reputable consultants to either complete or assist with the various aspects of the Feasibility Study. Such an approach will give the potential financier confidence that the company has taken a professional and unbiased attitude in determining the feasibility of the property in question. Most small- to medium-sized mining companies, both within Australia and overseas, will prefer, or will find it mandatory, to request a project funding package rather than opt for a corporate loan. This is because the company either does not want to tie all of its assets to the performance of one project, or that it is a one or two project company with no other substantial assets and is therefore unable to obtain a corporate loan. Upon receipt of the Feasibility Study, the bank will use the data supplied by the company in its cash flow analysis to build its own financial model. The purpose of this is to examine the timing of

Jan 1, 1994

In most mining operations the ore undergoes several processes such as drilling, blasting, loading, hauling, crushing, grinding and liberation to become the final salable product. Drilling and blasting is an important step in this process chain and itÆs results such as fragmentation, muckpile shape and looseness, dilution, damage and rock softening effect the efficiency of downstream processes. The value created per ton of broken ore is the difference between the price it commands when sold as the final product and the cost to produce it. Traditionally, the total process in the mining industry is classified into two groups as mining and milling. These are managed as separate cost centres inspite of the interdependency. Each process has a budget and production target and emphasis is usually on maximising production (tons) and minimising cost rather than the overall profitability of the whole business unit. The efficiency of each process is considered to be satisfactory as long as they are within budget and meet the production targets. The mine and mill managers usually try to optimise each process independently rather than the entire process. This paper discusses the potential pitfalls of decreasing the drilling and blasting cost per ton of broken rock without considering its impact on downstream processes. It introduces a holistic approach to blast optimisation by identifying and measuring the leverage that blast results have on different downstream processes and then optimising the blast design to achieve the results that maximise the overall profitability rather than just minimising the drilling and blasting costs. This paper demonstrates the benefits of such a holistic approach to blasting based on computer model simulations and field studies from metal and open cut coal mining.

Jan 1, 2001

Almost all the countries of the south-west Pacific and the Australian states have recently completed or have commissioned mineral royalty reviews. The prime reasons for this widespread and consistent action is the desire of the governments of these entities to redress perceived effi- ciency and equity imbalances and to ensure that the revenue raising motive does not override the necessity to maintain mineral exploration and development incentives. Governments are tending to adopt royalty systems comprising a com- bination of base royalty and a profit component. Resource rent royalty and royalty holidays have been introduced and anomalies, such as royalty free gold production, still exist but appear to have uncertain futures. Tasmania ranks as the Australian state with the lowest aggregate royalty levy/production value ratio whilst Papua New Guinea has the highest royalty objective achievement level in the south-west Pacific region.

Jan 1, 1988