Search Documents

By R Jia, J T. Waldram

"The Caijiaying lead zinc mine is located in China, north-west of Beijing, in Hebei Province. The region experiences severe winters, below -35°C, and warm summers, up to 30°C. The mine and concentrator commenced operations in the second half of 2005 with a conventional tailings disposal system consisting of a tailings dam with peripheral ring main discharge and central water recovery. A second similar dam sharing one common wall was added later. In view of the extreme winter conditions tailings lines and ring mains plus spigots, together with return water lines, require insulation and electrical trace heating. The volume of process water trapped as ice in the tailings dam ponds each winter is significant. This seasonal variation presents a major difficulty in the management of process water availability. Although Caijiaying is an underground mine there was no backfill plant at the start of operations. As plant throughput increased more quickly than originally anticipated, tailings storage capacity became a prime concern. The construction of a backfill plant in 2007 reduced the pressure on surface tailings storage area requirements, but as suitable land on which to construct further tailings storage was both expensive and difficult to acquire, a more efficient use of the available area was required. Dry tailings storage, where flotation tailings are filtered to provide an immediate return of process water plus ‘dry’ tailings filter cake for stacking, provided an answer to both the land area required, and the water management difficulties. The paper details the reasoning behind the change and the benefits obtained at Caijiaying by moving from ‘wet’ tailings storage to ‘dry’ tailings storage.Citation:Waldram, J T and Jia, R, 2016. Caijiaying Dry Tailings Storage, in Proceedings 13th AusIMM Mill Operators’ Conference 2016, pp 379–382 (The Australasian Institute of Mining and Metallurgy: Melbourne)."

Oct 10, 2016

By R Millar

A frequent challenge in mine water management and mine design is estimation of precipitation and extreme rainfall given a short record of site meteorological data. For remote mine projects, typically only a few years of rainfall data are available, which is far too short for estimation of design rainfall event, such as the 1-in-100 year storm. A frequency-paired approach is presented for comparing daily precipitation records from a mine site with a long-term regional station and provides the basis to transpose the long-term record to the mine site. This allows a long-term synthetic precipitation record to be developed for the mine site that can be used to undertake site water balance studies, determine pond storage requirements, assess water supply options and address other surface water management issues. Conventional approaches are based on chronologically-paired data and when applied to daily data generally yield poor correlations between stations. In the frequency-pairing approach, statistical distributions (two-parameter gamma distribution) are fit to daily data from two stations and used to calculate daily and extreme precipitation values for the short-term site (which is typically a mine or other project site). The method is demonstrated using data from two meteorological stations located along the south coast of British Columbia, Canada. Use of a fitted two-parameter gamma distribution (or other distribution) provides a sound theoretical approach to comparing precipitation data from two sites and the basis for transposing a long-term record to generate synthetic precipitation series and extreme rainfall values at mine sites.CITATION:Millar, R, 2013. A statistical approach for deriving project design rainfall, in Proceedings Water in Mining 2013 , pp 273-276 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Nov 26, 2013

By M Gabbitus, B Young, T Lukins, M Slater

This paper details the implementation of a new type of grade control system at the Black Star open cut mine in Mount Isa, Queensland. It explores the site requirements for grade control, what as previously in place and what the site required moving forward. It also details some of the features of the system installed and why it was chosen over other grade control systems available. Black Star open cut mine has been in operation since late 2004, and was developed to extract the surface extents of the Ag-Pb-Zn mineralisation previously mined in the Isa Lead Mine. Black Star is currently mining seven distinct orebodies in and around active void hazard zones and hence, its grade control requirements are very detailed and complex. The implementation of a new system to manage the model update and block out processes was, therefore, of critical importance to the site and required a detailed understanding of the requirements of the entire mining team from drilling through to geology, survey and production. Having previously run the grade control process using site specific æblack boxÆ scripts and macros, Black Star needed to implement a more open, auditable and flexible system, which allowed the geologists to control the process and make strategic changes as the situation demanded. MineSightÆs Axis Grade Control, with its flexible, generic framework for managing the process, met these demands. Being an out of the box solution that requires minimal setup and training was also a key factor in the decision to use it.CITATION:Lukins, T, Slater, M, Gabbitus, M and Young, B, 2012. The introduction of axis at Black Star Open Cut, in Proceedings Eighth Open Pit OperatorsÆ Conference , pp 71-74 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Sep 18, 2012

By D Nieuwkerk, V J. Absolon

"Screw press technology is an innovative approach to tackling the growing pressure to conserve water and minimise the environmental impact of mineral tailings disposal. The principles of the technology have been known for a considerable period of time in non-mining applications such as water treatment, wastewater (municipal sludge), as well as in the paper and chemical industries for dewatering solids, particularly those containing clays.The screw press represents a viable niche technology for filtering fine and high-clay tailings, without the prior thickening stage, and is capable of producing a filtered product that is sufficiently consolidated and dry enough to provide a product suitable for conveying and dry stacking.The Ishigaki screw press was introduced in 1990 and key features are: continuous operation and excellent availability low wear to plant acceptable flocculant consumption low carbon footprint and low noise levels fully automatic.These features lead to simpler plant layouts, easier maintenance, smaller spares inventories, reduced wear, smaller footprint and overall lower capital and operating costs.The amenability of a particular tailing stream to treatment by screw press technology may be determined by test work. Two pilot plant studies are described where this technology has been applied in the mineral industry being flotation tailings from a rare earth (RE) mineral concentrator and coal tailings. In addition, preliminary details are given of an ACARP sponsored research program titled ‘The application of screw press filtration in tailings dewatering’.CITATION:Absolon, V J and Nieuwkerk, D, 2014. Innovative use of screw press filtration in tailings dewatering plant design, in Proceedings 12th AusIMM Mill Operators’ Conference 2014, pp 449–456 (The Australasian Institute of Mining and Metallurgy: Melbourne)."

Sep 1, 2014

By D Chalmers

"There is a tendency to treat mine roadways with fan installations as leak proof systems. Morecomplex ventilation arrangements are being installed in coal mines out of necessity or designand these can introduce additional hazards. This paper explores the leakage paths that can existaround fans and in particular the hazards these leakage paths may generate around undergroundfan installations. The behaviour or these leakage paths in the event of a fan failure has also beenexplored. Early detection of spontaneous combustion is essential, so understanding the leakage behaviour around fans especially boosters or main fans installed underground will assist in sett ing up monitoring locations in the correct places. If this behaviour is not fully understood then monitoring may be placed incorrectly, or trends may not be picked up until it is too late."

Jun 1, 2012

By A Dunne, R Kruger, H Coleman, P G. Laurens

External and internal challenges in mining are increasing the difficulty and complexity of operating mines. The external mining environment has a big impact on mining operations and is driving the focus on safety, sustainable mining, green issues, profitability and productivity. There is a very high emphasis on ‘reducing cost to improve’, lower mining and beneficiation costs by eliminating waste/inefficiencies (reduce people, use less consumables, multiskilling, etc). The internal mining environment is getting tougher to operate in, with the deposits being more difficult to mine, more difficult to manage due to external pressure along with issues associated with maintaining quality, etc.Technological and environmental developments too numerous to mention, mean that cost control models, reduction in human resource numbers, as well as other drastic measures to curtail expenditure and increase profitability have become part of everyday business. The capability to manage the mining environment in a systemic manner has been lacking and this increases the pressure for performance on those individuals operating and managing mines.Working smarter has become crucial to ensure that businesses optimise the use of their resources, become more safety conscious, more productive and remain cost-effective, while recognising the importance of sustainable mining now and in the future. The logic of determining and managing to the capability of the mining value chain will be examined and the underlying assumptions or beliefs guiding behaviour and decision-making will be highlighted.In order to identify the obstacles in the mining value chain that hinder achievement of its full potential, the following questions have to be asked:What are the factors that influence the performance of a mining value chain?What is the design capacity of the mine?How can the inherent flow and value capacity of a mine be determined?What types of solutions will allow a mine to operate at its inherent flow and value capacity?This article will discuss the way we plan, measure, assess and manage the mine value chain, by addressing the following factors:balanced capacity versus flow and value capacity designthe use of averagingoptimising individual components in a value chain versus optimising the whole value chain.Optimising flow and value through the mining value chain is one of the three pillars of Mineral Resource Throughput Management (MR™). MR™ is an entrenched and academically supported philosophy that has been successfully applied in the past decade in various mines throughout the world by EXXPLEO, a mining and beneficiation consulting company. EXXPLEO has partnered with HCL (a global IT company) to embed the MR™ philosophy, methodology and toolsets into a formal software product called Synchronised Digital Mining (SDM). The SDM system will provide mining companies with a sustainable platform to effectively apply the MR™ principles and toolsets effectively across all operations targeting increased productivity, efficiency and profitability without having to train operations and management staff into expert MR™ practitioners to successfully achieve the desired results.CITATION:Dunne, A, Laurens, P G, Kruger, R and Coleman, H, 2015. Optimising flow in the mining value chain, in Proceedings Iron Ore 2015, pp 437–442 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Jul 13, 2015

With the burgeoning opportunities for new gold mines to be developed the opportunity now exists for a reassessment of the optimal processing path for these gold ores. Projects have traditionally followed the path of whole ore cyanidation with either Carbon In Pulp (CIP), Carbon In Leach (CIL) or Merrill Crowe. The challenge ahead is whether these traditional processing methods are the best option for stakeholders, or to go beyond CIP and use a combination of currently available technologies that can be used to provide gold recovery at a significantly reduced capital cost and minimal deleterious impact on the environment. Either stand alone or combinations of gravity concentration and flotation, can produce a gold bearing concentrate that can then be fed directly to a batch or continuous intensive cyanidation unit. Treatment of a gravity/flotation concentrate by intensive cyanidation may be processed by the InLine Leach Reactor (ILR) developed by Gekko Systems of Australia. The advantages of the technology combining gravity/flotation followed by intensive cyanidation are significantly reduced capital costs; improved safety due to reduced cyanide inventories; the majority of tailings un-contaminated by cyanide; less energy required due to an opportunity for an increase in grind size û reducing green house gas emissions; detoxification of concentrate tailings can minimise tailings disposal and containment requirements.

Jan 1, 2004

By B Twidle, D Bertoldi, J Meikle, R Dunne

The Waihi Gold Mine is situated in a high rainfall area (annual average of over 2 m) on the North Island of New Zealand. Water treatment and discharge at the mine has been ongoing for the last 25 years. The first water treatment plant consisted of a æstandardÆ water treatment facility (ferric chloride precipitation) and cyanide detoxification. With time the project has expanded and the volumes of water increased requiring additional treatment methods (reverse osmosis) to meet the water quality for discharge. This paper will provide information on the historical development of the water treatment flow sheets, performance data and operating costs.CITATION:Bertoldi, D, Dunne, R, Twidle, B and Meikle, J, 2013. Water treatment at the Waihi Gold Mine, in Proceedings World Gold 2013 , pp 503-508 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Sep 26, 2013

By G Love, S Maher

In Victoria’s onshore Gippsland Basin, geology is driving brown coal developments, and geologists are key decision-makers. Prompted by volatile energy prices and the likelihood of a carbon constrained future, significant work has been carried out on the next generation of technologies to be applied to this giant resource. These include new-generation gasification technologies, coal conversion processes yielding products as diverse as diesel and fertiliser, drying technologies producing thermal and metallurgical coals and in situ conversion processes. However, coals aren’t coals, and brown coal available for new projects will have different quality parameters and mining economics from that currently mined.New projects are likely to be developed on coals with moisture contents averaging 60 per cent and corresponding low energy values. Whilst ash values will be low, averaging just 5 per cent (dry basis), this will at times approach 10 per cent, which is a level that would challenge the installed-generation technologies. Sulfur values will average 0.4 per cent (dry basis), but at times exceed 0.6 per cent, requiring technologies that address the potential for sulfur dioxide emissions. Whilst localised high levels of the fluxes iron (>1 per cent dry basis) and sodium (>0.3 per cent dry basis) would increase fouling of installed technologies, they may be suitable for selected next-generation technologies.Project viability for this next generation of technologies will be strongly influenced by mining cost, and geologists are playing a role in identifying higher-value coal. At its simplest, this is being achieved for open cut mines through regional, vertical strip ratio assessments, which are considered a first-order proxy for mining cost. Follow up assessments are incorporating mining and processing cost, coal quality penalties and product revenues. At a regional scale, it is informing the likely location and relative timing of future mine developments, as well as thinking around rehabilitation strategies, infrastructure and land-use planning.For deeper coal, factors like macro permeability, the ability to isolate seams from aquifers, groundwater chemistry, pressure temperature conditions, connection with groundwater recharge and in situ biota are being used as vectors to in situ coal conversion opportunities.Matching coal to the next generation of technologies has benefited from regional-scale geological studies of coal quality and mining economics, and has benefited from early engagement between geologists, technology developers and project proponents.CITATION:Maher, S and Love, G, 2014. Matching brown coal to the next generation of Latrobe Valley projects, in Proceedings Ninth International Mining Geology Conference 2014 , pp 77–84 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Aug 18, 2014

By E Gabriel, J C. Koppe, A Gomes and P Crispim, R Schaarsdmit, I Pablos

Drill and blast (D&B) is one of the most important production operations in open pit mining. The resulting fragmentation of the D&B reflects in the downstream unit operation. Good fragmentation of the ore will minimise the cost of loading, hauling and crushing. The understanding of the geological model integrated with a software system for bench face surveying and planning of blast layouts based on three-dimensional images can help to achieve the fragmentation goals of the mine operation. A case study integrating these tools was carried out in a large iron mine in Brazil. The iron ore in the study area consists of hard and friable itabirites. More than three different ore types may occur on the same bench. Under these conditions, data integration becomes necessary to improve the results of blasting. A blasting plan was based on the generated geological model. The methodology helps understanding the factors that can interfere in the fragmentation process, allowing defining actions that can improve the blast design in those places that fragmentation wasn’t achieved. This condition is important for a continuous improvement of the drilling and blasting operation. In comparison with the previous blasting carried out at Itabira mine, which did not take into account the geological model, substantial improvements in fragmentation were observed, eliminating the need for secondary blasting.CITATION:Schaarsdmit, R, Pablos, I, Koppe, J C, Gabriel, E, Gomes, A and Crispim, P, 2015. Geological modelling and bench face survey to improve blasting fragmentation, in Proceedings 11th International Symposium on Rock Fragmentation by Blasting, pp 401–406 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Aug 24, 2015

By H Masoumi, I Canbulat, Y Zhao, J Oh, H Lin

Borehole breakout is a drilling induced phenomenon caused by overstress of rock around the borehole. Its depth usually aligns with the minimum horizontal principal stress direction. For this reason, it has been used to determine stress orientations and a series of researchers also argued its dimensions can be indicative of stress magnitudes. If the stress dependencies of breakout geometries are well understood, it is possible to estimate stress magnitudes based on these data. This paper investigates the influences of critical parameters on breakout dimensions, including absolute stress magnitudes, stress ratios and borehole diameter. Several experiments have been conducted on cubic (120 x 120 x 120 mm3) sandstone samples with pre-drilled holes (22 mm and 30 mm) under true tri-axial loading conditions using UNSW self-designed equipment. Experimental results confirm the increasing maximum horizontal principal stress magnitudes result in larger angular span and longer breakout depth at constant minimum horizontal and vertical principal stresses. There is also a considerable discrepancy observed between experimental results and the analytical model. Findings of this study imply a potential on the estimation of stress magnitudes using borehole breakout. CITATION:Lin, H, Oh, J, Canbulat, I, Masoumi, H and Zhao, Y, 2018. Experimental investigation on borehole beakout and its implication on stress magnitudes, in Proceedings The Fourth Australasian Ground Control in Mining Conference (AusRock), pp 266–273 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Nov 30, 2018

By T D. H McGrath, W P. Staunton

Benchmarking, comparing an operation or process with the industry standard, is known to be a useful method for identifying plant optimisation opportunities, and in many cases providing the pathway to realise the benefits. The difficulty is generating the database of plant data necessary for a benchmarking exercise. Larger companies can benchmark internally; this option is not available to smaller companies, and the full value can only be realised with a comprehensive “industry wide” approach.The Gold Technology Group at Curtin University through the AMIRA P420 series of projects has undertaken several comprehensive metallurgical industry surveys in the gold industry over the last two decades. Analysis of these surveys has demonstrated areas where many operations can benefit from re-assessment of their operating practices.This paper will review the work undertaken by the Group in this area, in particular the 1999 surveys of gold companies in the Australasian region, and the 2012 international survey of the industry. The challenges of, and opportunities arising from these surveys will be discussed. Some of the highlights from analysis of these databases will be presented as well as noting changes in processing practices observed by the Group over the last 20 years.CITATION:McGrath, T D H and Staunton, W P, 2018. Keeping up with the Joneses – the value of industry surveys and benchmarking, in Proceedings 14th AusIMM Mill Operators' Conference 2018, pp 509–516 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Aug 29, 2018

By ZáWang, F Hungerford, T Ren

Operations in an underground drill site have to co-exist within the mineÆs ventilation and operational system. The space requirements of a drilling operation have to be adapted to the limitations provided in available site space, which is usually defined by standard mining operations and geotechnical influences. These limitations affect borehole design, equipment positioning in the site layout and possible interactions with mining equipment and services such as water and power supply.The ventilation requirements for drill sites and the means employed vary with depth of the site, space and likely presence of gas. All drilling operations provide a particular service for the mine and in each case, drilling must operate in a manner which controls all gas, water and cuttings returning from the borehole. The various standpiping systems employed have evolved under differing influences and must cater for conditions during and after the drilling operations.The influences that gas content, pressure and flow, rib stability, cleat direction, borehole length, potential water pressure and flow have on a mineÆs operation and ventilation systems have to be considered in the design of standpipe length, diameter and fittings. Past history has a strong influence on common practice while worst case effects of a possible in-hole event should be catered for.This paper describes the early drilling systems and their limitations in ventilation and gas management. The drill site dimensions and set-up are discussed in the context of roadway conditions, equipment layout, ventilation and logistics. The use of standpiping to control all returns from the borehole is illustrated by referring to likely scenarios in a drilling site to achieve the most effective sealed depth to accommodate the worst case possibility of intersecting high pressure gas or water during the drilling operation. Practices to allow gas drainage in the return airway of a panel are described.CITATION:Hungerford, F, Ren, T and Wang, Z, 2013. operational management of underground in-seam drilling sites, in Proceedings The Australian Mine Ventilation Conference , pp 43-48 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Jul 1, 2013

By N Bianco, D Drinkwater

The professional skills shortage is intensifying, and commentators are predicting a shortfall in supply of qualified professionals for the mining industry, ranging from thousands to tens-of-thousands by 2020 (Tuckwell, 2011; Scoble, 2011; Laurence and Hebblewhite, 2011). Human resources are already stretched, and university graduates arriving in the workplace are often moved rapidly into management positions where there is limited scope to develop their engineering proficiency. This process may well be developing excellent young managers, but our industry is producing fewer excellent young engineers (Munro and Tilyard, 2009). Many believe that it is engineering excellence that is likely to be the key to our industryÆs success in the decade to come. An innovative in-house graduate development program has been created by specialists at the JK Centre in partnership with two mining companies. This program, known as MetSkill«, has been running throughout 2012. Groups of graduates have had to identify a process plant optimisation opportunity and embark on a structured program of data collection and analysis, facilitated by a æteaching teamÆ of researchers and consultants from the Julius Kruttschnitt Mineral Research Centre (JKMRC) and JKTech. This group project culminates in a report-back session to senior company officials. Along the way, a series of short workshops and other activities provide opportunities to work on specialist skills, and support is also offered by senior technical specialists from the companies involved.This paper outlines key features of the MetSkill« program, along with a report-card on progress in 2012 and plans for further program development in 2013.CITATION:Drinkwater, D and Bianco, N, 2012. Developing minerals industry leaders by encouraging metallurgical excellence, in Proceedings 11th AusIMM Mill OperatorsÆ Conference, pp 287-290 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Oct 29, 2012

WMC Limited, owner/operator of Olympic Dam, the worldÆs largest underground uranium mine and the fourth largest underground copper mine has now completed an expansion that has been classed as a benchmark in the mining industry. To achieve a production increase from 3.4 to 9.25 Mtpa from an underground mining operation in two years was a major challenge, it was essential to review the overall materials handling system from æthe face to the stockpileÆ. The challenge was two-fold:How to deliver 30 000 tonne of ore per day to the processing plant, from a single underground mine? To provide the processing plant with a consistent metallurgical feed. This paper traces the transformation from the old to the new materials handling system at Olympic Dam.

Jan 1, 2000

By Z Gao, D Liao, W Sun, S G. Pooley, J Wang, Z Shi, G Jing, S Ren, Q Chen

Yuanjing processing plant is a scheelite and wolframite plant in southern China. Water shortages and recent environmental regulations mean that the plant must reuse the wastewater that comes from the mining operation. This paper describes the efforts to reuse the mining and ore washing wastewater (MOW) in the processing plant. Initial attempts to reuse the MOW in the strong magnetic separation were unsuccessful because the magnetic media pack was seriously fouled by the micro-fine precipitate generated. The focus changed to reuse the MOW in the scheelite flotation circuit, which includes one roughing, one cleaning and three scavenging steps. Laboratory batch tests showed this would likely be successful because using MOW reliably improved the flotation performance in the laboratory tests. Then a 20 day industrial trial was run in the plant. The trial was very successful with the enrichment ratio of WO3 increasing from 17.4 to 23.6, while the recovery remained around 79.2 per cent. The industrial trial was so successful the company immediately adopted the new scheme, which has remained in use ever since. This technical solution not only alleviated serious water shortages, and satisfied environmental regulations but also improved the plant performance.

Aug 24, 2022

By Grano S. R, Ralston J

It is the perennial problem most metallurgists face when examining data collected from laboratory float tests and plant surveys - there are more numbers than we know what to do with! The objective of this paper is to analyse and interpret a set

Jan 1, 1994

By García B., Wolff E.

In Colombia, northeast of Antioquia, there is a gold deposit that has produced continuously since the middle of the XIX century, located within mining title RPP-140, property of Gran Colombia Gold Segovia (GCGS) since 2010. Mining materials are taken to the “María Dama” Processing Plant where 1500 tonnes of materials are processed daily. Before 2010, the previous owner of the mining title processed about 600 tpd and directly discharged almost all tailings, given that they had no capacity to put them into final deposits. El Chocho was conceived as a final tailings deposit to store the pulp produced by the processing plant; it was divided into two phases with two dams (upper dam and lower dam) given that the presence of illegal miners at the lower phase impeded a single dam design. A squatter impeded construction of the upper dam; so afterwards, starting at the higher end was necessary (owned by GCGS), building dam 1B to store tailings in pulp; after the squatter returned the lands to the owner (GCGS), construction of tailings dam 1A was required and thus complete construction of dam 1C or the upper dam. While all of this was happening, GCGS decided to acquire a 1500 tpd filter press which currently dehydrates tailings in order to take them to the valley controlled by dam 1A. Construction of dam 1A was designed following the containment wall model, made with geotextile tubes. These improvements generated reduced pressure on renewable natural resources because water is recirculated and less fresh water contributions are required; less pressure is placed on soil, flora and fauna because the area intervened for tailings storage will have a higher storage capacity and, as such, a longer useful life.

Jun 17, 2024

By C Tapia, B Hay

There is a close relationship between the mining industry, economic growth, and technological and social development. Mining activities benefit all economic agents, but only during a timespan determined by available reserves, primarily driven by internal factors such as production rate, technology and costs, and external factors such as prices determined by the market and taxes and royalties controlled by governments (Gordon and Tilton, 2008; Henckens, 2021; Tapia Cortez et al, 2018). The intense use of Mineral Commodities (MC) needed to maintain the current lifestyle has placed ore depletion as one of the main threats to sustainable economic, social and technological development. However, ore depletion does not only arise due to the finite nature of MC, price fluctuations or technological challenges. It is also triggered by the ‘economic limits of extraction’, determined by the optimisation of financial factors and technical restrictions within the regulatory framework (Henckens, 2021). Most reporting standards – if not all – define ore reserves as ‘the economically mineable part of a Measured and/or Indicated Mineral Resources’ determined by the technical and economic viability of extracting, processing and commercialising MC having the NPV as the fundamental decision – making tool (JORC, 2012; Krzemień et al, 2016). However, is the NVP an ‘economically’ basis index able to capture the complexity of economic phenomena? No, it is not, and it is crucial to define what is economic and financial. Although related, they are different disciplines. Economics studies the behaviour of the different market agents, including human behaviour and policies and explains the factors involved in the scarcity (or surplus) of goods and services. Finance focuses on financial systems and managing funds considering the time, cash available, and risk. It involves banks, loans, investments, and savings and can be considered a small subset of economics (Simon, 1959; Tapia Cortez et al, 2018). Given the economic nature of ore Reserves, endorsed by governments (Figure 1), NPV is an incomplete tool to determine ore Reserves as it limits the problem to simply maximising cash flows instead of optimising the economic benefits for all economic agents. In addition, using the rigid scheme of controlling taxation – unable to adapt to new market or economic conditions and systematically increasing – within the NPV framework only increases the sub-optimisation of ore reserves, mainly due to the systematic taxation rise. Short-term benefits of higher taxes and royalties are unlikely to offset the impacts of reducing exploration and project development in the long-term, which not only boosts ore depletion concerns but also reduces competitiveness, threatening economic and social welfare (Fisher, Cootner and Baily, 1972; Gordon, Bertram and Graedel, 2007; Lilford, 2017; Mardones, Silva and Martínez, 1985; Radetzki, 2009; Rodrik, 1982; Tan, 1987; World Bank, 2000). Holistic methods and collaborative tools, able to dynamically simulate and assess how changes in the technical settings, regulatory framework (taxes and royalties), and financial factors affect the availability of ore reserves and the impact for all economic agents, should be incorporated into the evaluation process to fill the gap.

Aug 2, 2023

By D Abbott

Mining in Western Australia places significant economic and environmental responsibility on Government and the mining industry. Groundwater abstraction is regulated by the Department of Water. The Department has recently issued a guideline for Pilbara mines, and this paper focuses on the Pilbara for its examples and studies. The guideline is intended to form the basis for developing a statewide policy, consistent with reporting and assessment policy.With rapid expansion of the mining industry between 2005 and 2008, the groundwater resources in the Pilbara region of the State are under increasing pressure. Significant new management and regulatory issues arising recently include: cumulative impact assessment; disposal of dewatering excess by discharge, sharing or reinjection; life-of-mine approvals and closure planning; closure water quality including metals concentration in pit lakes; and in situ leaching mining methods and their impacts on regional water resources (and change of State Government Policy with respect to uranium mining).

Jan 1, 2009