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By J Jackson, D C. Curry, A C. Keith

Australian Bureau of Statistics (ABS) data shows that since 2006 the balance of capital costs associated with mine development has become weighted greater than 75 per cent to enabling infrastructure and less than 25 per cent on process plant, equipment and machinery. The well-developed mine planning techniques including pit optimisation and scheduling and process plant design and optimisation have typically proceeded in a linear fashion from geology, mine planning, through processing, with some iterations back to the mine. Only then is attention paid to planning and costing of enabling infrastructure in any detail.Optimisation has typically involved developing cut-off grades, mine plans and schedules and ore processing that produces maximum economic ore. Infrastructure has then been sized æto suitÆ the mining and processing core business drivers.What the ABS data, together with global trends, indicates is that infrastructure can no longer be an afterthought if miners wish to achieve robust project value estimates, realistic ore to market costing and resource statements based on achievable economic cut-off grades.In addition, with such a large proportion of the costs originating from non-mining or processing activities, a mining operation can only be truly optimal if these aspects are given due consideration in the mine design stages, based on quality geometallurgical inputs so that the size and cost of enabling infrastructure is optimised to maximise project value.This paper outlines an iterative holistic approach to mining project development, which integrates the geometallurgical approach and enables infrastructure planning into project design and evaluation. It presents case studies showing reduced overall costs, increased net present value (NPV) and reduced project delivery timelines.CITATION:Curry, D C, Keith, A C and Jackson, J, 2013. Is a 2.5 per cent success rate good enough? Traditional mine development methods have the tail wagging the dog, in Proceedings The Second AusIMM International Geometallurgy Conference (GeoMet) 2013 , pp 113-128 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Sep 29, 2013

At Cliffs Natural Resources Ltd (CNR) crushing and shipping sample stations, precisions are estimated for the sampling, preparation and measurement stages of iron ore sampling in accordance with ISO 3085 (2002). In this Standard, gross duplicate samples are prepared at each of the three stages, yielding eight measurement assays. Appropriate calculations of the differences between assay pairs are then made to estimate precision of each stage of sampling. The International Standard for checking precision in iron ore sampling, ISO 3085 (2002) prescribes a method for identifying outliers that is ambiguous and possibly inappropriate. The procedure also makes an unnecessary implicit assumption, that the differences between assay pairs are normally distributed. The Anderson-Darling statistic is used to demonstrate that in some cases the assay pair differences have distributions significantly different from normal. When applied at CNR as specified, the Standard leads to precision estimates well below the expected values, thus overestimating the sampling method's capability and limiting the opportunity for real process improvement. This paper suggests an improved method of estimating sampling, preparation and measurement precision. A bootstrap procedure is used to estimate confidence limits for the calculated precision estimates. The proposed method would be suitable for testing blasthole precision. The discussion is supported by extensive simulation modelling of realistic data.

Mar 1, 2010

By W Newns

This paper describes laboratory and in situ tests and determines a set of parameters for stiffness and strength properties for a weak sedimentary rock mass, the East Coast Bays Formation of Auckland. The parameters derived are discussed in relation to peak strength and in respect of deformation limits associated with sequential excavate and support (SEM) or conventional tunnelling.

Mar 8, 2011

By Y Lanwin

The Australian mining industry, a cornerstone of the nation’s economy, is on a journey towards greater equity and inclusion. Th paper introduces a comprehensive exploration of how universal design principles, stemming from architectural roots, have evolved through automation and digital technology into the more encompassing frameworks of inclusive design and equitable design. The paper proposes a practical framework for those involved in work, facilities and equipment design in the mining industry to identify and assess for equity and inclusion. Universal Design emerged in the 1960s with a primary focus on architecture, aiming to create spaces accessible to people of all abilities. Its foundational principles sought to ensure equitable use, flexibility, simplicity, perceptibility, tolerance for error, low physical effort and optimal spatial considerations. Over time, these principles evolved and expanded beyond physical spaces, finding applications in various fields, including technology, education and transportation. In response to advancements in technology and a growing understanding of the multifaceted nature of diversity, Universal Design evolved into Inclusive Design. Inclusive Design goes further than mere accessibility, considering a broader spectrum of users with varying cognitive, sensory, cultural and socio-economic backgrounds. It emphasises user centred design, customisation options, diverse user research and continuous iteration. Equitable Design emerged as a framework that addresses not only the diversity of needs but also systemic disparities. It emphasises fairness, justice and the elimination of structural inequities. Equitable Design encompasses accessibility and affordability, representation and diversity, ethical considerations and community engagement. This paper will explore the applications of these design principles through a series of case studies including village and on-site facilities, remote operations and office based work design and technology design. By applying these frameworks in a mining context, the paper proposes that mining companies and suppliers can improve diversity, equity and inclusion leading to safer, more engaged and productive workplaces.

Apr 16, 2024

By I M. Platten, Y Xie, B W. Cuffley, S C. Dominy

"Geometallurgical programs require the collection of representative samples for geochemical, mineralogical and metallurgical test work. Such protocols must be designed to suit the style of orebody in question. The distribution, proportion and size of gold particles have a direct impact on the effectiveness of sampling and test work protocols, and the gold recovery processes employed. Characterisation studies focusing on ore mineralogy, and gold particle deportment, size and distribution are required. High resolution X-ray computed tomography provides a non-destructive method for analysing the 3D nature of gold in rock samples. It can be used to calculate the modal abundance, particle size and distribution of gold in the sample volume. This paper presents a case study of the imaging of in situ gold particles in a high-grade gold ore. The Nick O’Time reef system comprises laminated quartz veins, which locally bear extreme grades of up to 100 oz/t gold. The mineralisation has previously been characterised from both a mineralogical and metallurgical perspective. Eight visible gold-bearing vein samples were scanned using X-ray microtomography. Microtomographic data were integrated with previous mineralogical and metallurgical test work outputs.CITATION:Dominy, S C, Platten, I M, Xie, Y, Cuffley, B W and O’Connor, L, 2016. Characterisation of Gold Ore from the Nick O’Time Shoot (Tarnagulla, Australia) Using High Resolution X-ray Computed Tomography, in Proceedings The Third AusIMM International Geometallurgy Conference (GeoMet) 2016, pp 241–254 (The Australasian Institute of Mining and Metallurgy: Melbourne)."

Jun 15, 2016

By S Zummar, A Van den Bulck, T De Staercke, T Van Rompaey

An increase of 22 per cent in lead usage is expected in the European Union by 2050. During lead refining, the Harris process is a critical step in which a salt melt is used to remove arsenic, tin and antimony. During this process, the caustic salt melt absorbs these impurities, requiring regular evacuation before saturation. Current metallurgical practices for: 1) determining the end point of the lead alloy involve time-consuming sampling and offline analysis, and 2) determining the end point of the caustic salt melt are based on subjective visual observations by the operator. In the context of Industry 4.0 concept, automating these processes becomes desirable, as smart sensors systematically collect real-time data in an unbiased manner. This research focuses on monitoring the Harris refining process using objective methodologies. Two different methodologies are investigated. The first methodology focuses on electrical conductivity changes of the caustic salt melt as function of Sb content. For this study, synthetic and industrial samples are used. A lab-scale electrical conductivity set-up was built to accommodate the aggressiveness of the salt melt. Initial findings suggest a promising relationship between electrical conductivity and Sb content in the caustic salt melt. Although the results are preliminary, the study provides valuable insights by enabling real-time measurements. The second methodology focuses on measuring the electromotive force (EMF) in lead doped with Sb at pilot-scale. Multiple probes are reevaluated for their effectiveness in Sb measurement. Ultimately, a partially stabilised MgO probe with Ni as a reference, without cardboard and copper protection caps, yields promising results. A correlation between EMF and Sb content is observed. However, repeatability issues arise due to possible wire interference at low temperatures. The results underscore the potential of advanced measurement techniques in optimising lead alloy production within the context of Industry 4.0.

Aug 21, 2024

By S Morgan, D J. Bradshaw, S Schwarz

The characterisation of the flotation kinetic response in future mining deposits is important because the flotation response is affected by changes in ore mineralogy. Current methods for characterising the flotation response of different ore types, such as the JK floatability index test (JKFIT) methodology, require at least 10 kg of feed material. In geometallurgical applications, this material is taken from core samples. Core samples are generally obtained using specialised drills and are limited in nature. Thus, it would be beneficial to develop a laboratory technique that required less sample material but still characterised the flotation response of different ore types. The JK mineral separation index (JKMSi) is a small-scale flotation test that requires significantly less feed material (10 g of sample/data point). This study aims to investigate the JKMSi system kinetics and to validate this technique using the JKFIT proven methodology. The JKMSi flotation kinetics were manipulated by varying selected system parameters. The relationship between these parameters and mineral recovery was used to obtain floatability characteristics of the ore. For an ore sample containing chalcopyrite and pyrite, it was found that the chalcopyrite floatability parameters determined from both the JKMSi and JKFIT tests were of the same order of magnitude and the mass fractions of the fast, slow and non-floating components were similar. For pyrite, the floatability parameters were not of the same order of magnitude, but modifications to the test procedure have been identified, which may correct this.CITATION:Morgan, S, Bradshaw, D J and Schwarz, S, 2012. Julius Kruttschnitt Mineral Separation Index - Small-scale test to characterise the flotation response of an ore type, in Proceedings 11th AusIMM Mill OperatorsÆ Conference, pp 159-162 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Oct 29, 2012

We outline a first version of an ambitious goal: The world's first horizontal (matrix-independent) generic sampling standard. The specific needs and requirements are overwhelming, as all the world's analytical standards follow strict matrix or material type classification pigeonholes, leading to a plethora of analytical standards. One could rightly expect a similar multiplication regarding sampling standards, yet the singular HORIZONTAL is aimed at being truly generic. Also the existing style of standards writing is cumbersome and partly contradictory. The current work is presently being pursued in CEN and European Union standardisation regimens, for which reason full disclosure and publication is not allowed. Respecting this constraint, we unofficially present selected key issues involved in developing HORIZONTAL: The objective and scope of a horizontal sampling standard is to delineate the minimum set of principles and procedures needed to guarantee documented representative sampling for all types of materials. The horizontal standard is designed for two types of use: 1. auditing/assessing/ improving the reliability of an existing sampling procedure, and 2. design and implementation of a new sampling procedure (new lot type). The principles in this standard are all derived from the Theory of Sampling (TOS), but the standard is far from a mere collection of TOS principles. Representativeness is a characteristic of the sampling process, not of samples themselves. For practical purposes, the horizontal standard follows the fundamental distinction between 'stationary lots' (0-D, 2-D, 3-D lots) and 'dynamic lots' (within TOS aka process sampling - including extended, non-moving 1-D lots). TOS' principles of 'correctness' must never be broken at any stage, lest representativeness is irretrievably lost. The horizontal standard is not written in the mandatory fashion for legally binding matrix-specific standards, eg ISO - for the present overarching purpose a different style had to be developed. The standard must be immediately understandable in full, which merits special demands, eg extensive use of didactic illustrations. HORIZONTAL introduces an all-inclusive sampling variability measure, Relative Sampling Variance (RSV) which is for sampling of stationary lots as variographics is for process sampling - RSV is to be used as a quality criterion for any stationary sampling procedure as applied to a specific heterogeneity (lot/material). The target for this standard is all individuals, companies, organisations and regulatory bodies who are responsible for sampling: technicians, process engineers, laboratory personal, academic and industrial scientists as well as project leaders, technical managers/directors and top managers. Based on current R&D we illustrate the principles promulgated by HORIZONTAL with cases from exploration and mining of minerals commodities, a Finnsh 'Autosampler' at work in the mining context (RSV) as well as sampling equipment for use in the cement and mineral commodities industries. This is an ABSTRACT ONLY. No paper was prepared for this presentation.

Mar 1, 2010

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 Lock PR

The Silver Swan nickel mine is located at the Black Swan Nickel Project, 53 kin north east of Kalgoorlie, Western Australia. The Silver Swan orebody is a massive sulphide nickel deposit dipping 70¦ east with an average in situ grade of 14 per cent. Mining of the massive orebody is by Mechanised Ramp Cut and Fill (MRCF). A mining recovery of 98 per cent and minimising dilution are primary goals in extracting the high-grade ore. Placing a distinguishable marker bed (working platform) on rock fill was identified as a key method to achieving these goals. Gravel from a pit located onsite was considered the most suitable material for the marker beds. Research undertaken to design the marker beds using the gravel revealed conventional methods used in mining would not suffice, but that road stabilisation methods could be a viable alternative. Trials used a road recycler to mix cement and gravel in situ and several test beds were constructed on the surface to determine the final design. The trials attempted to replicate a marker bed's life cycle of construction and placement and mucking of ore from the marker bed.

Jan 1, 1998

By K L. Avarmaa, M A. Rhamdhani, A D. P Putera, H T. B M Petrus, G A. Brooks

Multistage slag treatment was carried out to investigate boron removal from metallurgical grade silicon. Boron is known to be one of the most difficult elements to remove from silicon. Depending on boron initial concentration, boron can be removed from silicon into certain level; most previous studies have attained final 50–100 ppmw (parts per million weight) boron in the silicon using slag treatment. The term ‘multistage’ refers to a process where the resulting silicon from the initial slag treatment is further refined multiple times using a new slag. In this study, an initial slag composition of 45CaO-45SiO2-10Al2O3 (wt per cent) was utilised. Using this technique, boron level in the silicon was expected to be gradually lowered because the new slag will always have more capacity to reach the equilibrium distribution coefficient (LB = (ppmwB)slag/(ppmwB)Si). The current study was carried out through combined thermodynamic calculations (using FactSage™ ver 8.2, by Thermfact Ltd, thermochemical package) and high-temperature experimentation. The thermodynamic calculations were carried out for reactions at 1500, 1550, and 1600°C for three different scenarios: 1. Single stage refining with varied slag to Si ratio. 2. Multistage refining with slag to Si ratio of 1:1. 3. Multistage refining with slag to Si ratio of 2:1. The multistage experimental work was carried out at 1550°C under inert gas atmosphere each time for 2 hrs, with slag to Si ratio of 2:1. The simulation results indicate that the boron distribution coefficient stay essentially constant with varying slag to Si ratio and temperature, around 1.8 to 2, and the experimental results measured LB in the same range, between 1.5 and 2.5. By harnessing this feature, the simulation showed that boron can be removed by approximately 78 per cent in each stage. The experimental result confirmed that the boron concentration in the silicon was reduced by a total of 97.8 per cent from its initial value using four stages of slag treatment, from initial 270 ppmw down to 6 ppmw.

Aug 21, 2024

By T Kilpatrick

Managing heat stress on Australian mine sites is a complex and enduring challenge due to the combined and variable contribution of environmental conditions, physical activities, and protective equipment. Inappropriately managed, heat stress can place significant physical strain on workers, leading to serious and chronic health issues. Additionally, excessive heat stress can dramatically reduce productivity, with 30 per cent of workers reporting a loss of productivity due to occupational heat strain. In Australia, due to increased absenteeism and reduced work performance, heat strain is estimated to have an annual economic burden of over $8 billion.

May 5, 2022

By M Berndt

Four siltite-argillite rock samples were characterised (particle size, chemistry, mineralogy) and subjected to laboratory dissolution testing for 36 to 298 weeks. In two samples sulfur (0.99, 1.69 wt per cent) occurred largely as pyrite, and in the other two samples sulfur (0.96, 1.93 wt per cent) occurred predominately as potassium jarosite. The observed rate of sulfate release from the pyritic samples was one to two orders of magnitude greater than that from samples containing potassium jarosite. Drainage pH values from the pyritic samples were one to two units lower and acidities were ten to 70 times higher than associated values from the potassium jarosite samples. Geochemical modelling supported the hypothesis that pH and concentrations of sulfate and potassium in drainage from the potassium jarosite samples were controlled by the limited solubility of potassium jarosite. This dissolution produced an iron-dominated mineral phase, but iron concentrations in the drainage were well below those predicted by ferrihydrite solubility.

Jan 1, 2003

By S J. Schafrik, Z Agioutantis, E C. Jong, K Luxbacher

Real-time monitoring of mine operating parameters is available at most mines. However, access to these data for an individual operation is typically underutilised by mine managers and technical personnel. Such monitoring systems are typically designed to provide data streams and alarms to a responsible person, but they are not utilised to extract underlying trends or correlate different data groups. Furthermore, multiple monitoring systems are usually implemented at a given site without interconnection between vendors’ systems or connection to any central management, and mine personnel are only exposed to a minimal subset of such data. Thus, it is not easy to analyse and correlate individual data streams and generate information to enhance day-to-day operational decision-making and improve safety and efficiency.This paper addresses the primary challenges associated with centralising data management and effecting greater utilisation of the vast amount of collected data, while at the same time reducing the time and effort required to manage such large data sets. Furthermore, it presents the conceptual design of a database application that can organise, present and analyse data collected by multiple sensors in different environments. The database is designed to operate in a passive manner so that active mine data management systems are not impacted. An example is given where this database is used for managing atmospheric data collected at an underground coalmine operation in the US. These techniques have a universal application and can be incorporated in a wide range of mining and construction projects.CITATION:Agioutantis, Z, Schafrik, S J, Jong, E C, Luxbacher, K and Karmis, M, 2015. A platform for managing and analysing atmospheric data in underground coalmines, in Proceedings Third International Future Mining Conference, pp 3–10 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Nov 4, 2015

By M Xu and, P F. Wells, A N. Kerr, Y Shields

Triethylene tetramine (TETA) has been used in combination with sodium sulfite (sulfite) for pyrrhotite depression at Clarabelle Mill since 1998. This combination has been highly successful at reducing pyrrhotite levels in the bulk (Ni/Cu) concentrate. Although highly effective, the roles of TETA and sulfite are not well understood. Treating bulk samples of the circuit feeds through the miniplant enabled the effects of circuit configuration on the performance of the pyrrhotite rejection circuits at Clarabelle to be determined. Reasons for the different performance of the non-magnetic pyrrhotite rejection circuit in the miniplant were investigated and tested in the laboratory. The effect of different grinding environments in the laboratory was examined to better understand the depressing mechanisms of TETA/sulfite. Modification of the grinding chemistry improved the selectivity of pentlandite over pyrrhotite in the presence of TETA/sulfite at current plant dosages.

Jan 1, 2005

By I Swane, R Rait, A Robertson

Geochemical assessment of mine waste materials prior to commencement of a proposed mining operation is a fundamental component of mine feasibility studies and the regulatory approvals process. Static and kinetic geochemical test methodologies are widely used to predict the geochemical nature of mine waste materials and to develop strategies for managing potentially æhostileÆ materials. These data can also be integrated with data from other fundamental studies such as hydrogeology to predict specific environmental outcomes and potential impacts at mine closure and post-closure.A case study is presented for a proposed open pit gold mine in Mongolia, which illustrates how geochemical, hydrogeological and groundwater quality data can be used as part of a geochemical modelling process to predict the final pit lake water quality over time. A series of static and kinetic test geochemical test programs were completed and acquired data integrated with hydrogeological and groundwater quality data provided by the proponent. A widely used geochemical modelling program (PHREEQC) was used to develop the geochemical model and predict water chemistry in the pit void after mine closure. Sensitivity analyses were completed to explore the effects on the model output of groundwater to leachate water ratio, pit wall rock type and climate.Modelling has indicated that pit void water should be pH circum-neutral at mine closure and should remain within Mongolian and World Bank water quality guideline limits under the modelled simulation most likely to occur in the field. Final void water salinity is expected to increase eight fold over 14 years after end of mine life due to a continuous flux of salts (particularly sulfate salts) into the pit lake whilst the pit lake volume will remain relatively constant due to evaporation and a slow recharge rate. Dissolved metal and sulfate salt concentrations in pit water are also predicted to increase over time and could be moderately elevated compared to applied water quality guideline values. Some of the metal concentrations, however, may be lower as these would be expected to precipitate at circum-neutral pH and greater. Recommended additional assessment work on the project when mining commences includes determining the magnitude of adsorption and co-precipitation of metals occurring in the pit void water/sludge system.CITATION:Robertson, A, Rait, R and Swane, I, 2013. Geochemical assessment of mine waste materials and prediction of final pit lake water quality at a proposed gold mine in Mongolia, in Proceedings The Second AusIMM International Geometallurgy Conference (GeoMet) 2013 , pp 165-170 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Sep 29, 2013

By L Gobbo

X-ray diffraction (XRD) provides useful information about the composition of an ore sample in terms of quantification of crystalline phases and amorphous content. The use of new, fast detection systems implemented in CubiX FAST industrial diffractometers creates the opportunity to use this technique in exploration and modern process control. Besides the chemical composition of iron ores, their phase composition is also an important factor for exploration, quality control and processing. In the analysis of iron ore, XRD can identify the phases containing iron, such as haematite Fe2O3, magnetite Fe3O4, and goethite FeO(OH), and any other mineral phases present, especially silicas. Quantitative analysis is possible by various classical methods such as straight line or polynomial calibration with standards, but modern quantification analysis techniques such as Rietveld analysis or full pattern autoscale analysis are attractive alternatives, as they do not require any standards. These methods offer impressive accuracy and speed of analysis. Another analysis technique offering great benefit to ore exploration and process control is cluster analysis. This technique greatly simplifies the analysis of a large amount of data, eg from drill core samplings, and automatically sorts closely related scans of an experiment into separate clusters and marks the most representative scan of each cluster as well as outlying patterns. This can facilitate multi-dimensional compositional mapping of ore deposits, identifying regions of favourable mineral composition and allows fast and reliable tracking of the process. It is the most economic procedure to have automatic data evaluation without involving any dedicated personnel in the process. Details of the techniques used, sample optimisation methodologies, results, data precision and limitations will be discussed. The approaches have enormous potential as an inexpensive, reliable tool, useful in the characterisation of iron ore materials in an industrial environment.

Jan 1, 2009

By P Vaikkattil, K Li, J Bullock

Unlocking maximum value is essential when designing a stope and the associated drill and blast packets. This is becoming increasingly important at Olympic Dam as the operation continues to expand south into the new mining areas away from existing infrastructure, increasing operating costs and required capital investment; into areas with less competent ground conditions, requiring smaller stopes and increased interactions. The introduction of Orica’s WebGenTM system is one way in which Olympic Dam can continue to unlock value into the future by decoupling traditional drill and blast limitations. The Lime 390 stope was the first stope at Olympic Dam to trial the new technology on the last blast packet. This paper reviews the drill and blast design of the Lime 390 stope, including the technical and operational challenges associated with the stope and the trial of the Orica’s WebGenTM system for the firing of the last blast packet.

Mar 15, 2021

By C J. Greet, S Jacques

In most instances, the application of high-chrome grinding media results in an increase in the recovery of the valuable mineral(s). The authors have published data from a number of plant-based case studies, which indicate that it is not unreasonable to expect a recovery increase in the vicinity of 1.5 to 2.0 per cent for a copper ore. It is of interest to understand where the increase in recovery is coming from. That is, is the additional copper recovery the result of improved fine particle flotation or is it due to an improvement across all size fractions?This paper aims to answer this question. Laboratory flotation tests were completed using forged steel and a high-chrome alloy on a volcanogenic massive sulfide copper ore. The unsized data indicated that the application of high-chrome grinding media to this ore resulted in an improvement in both copper recovery and copper concentrate grade. A detailed kinetic analysis of both the copper sulfide and gangue minerals was completed that clearly shows that the change to a more inert grinding media produced significant increases in the flotation rate constants (both fast and slow) across all size fractions. It is also possible to observe that the change in pulp chemistry has resulted in a decrease in the flotation kinetics of the -20 micron pyrite, while the coarse pyrite recoveries have increased, presumably because of an increase in the flotation of the chalcopyrite/pyrite composite particles.CITATION:Greet, C J, Jacques, S and Kinal, J, 2014. Recovery-by-size kinetic analysis to determine where metallurgical improvements occur when converting to high-chrome grinding media, in Proceedings 12th AusIMM Mill Operators’ Conference 2014 , pp 217–224 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Sep 1, 2014

By White A. H, Gillies A. D S

In recent years the Australian gold industry has gone through a major expansion phase. The need for finance has led to adoption of different approaches such as the well known gold loan, forward selling, equity participation by suppliers and equipment leasing. During early periods of the expansion, significant new equity was raised chiefly for high risk exploration ventures. The major form of new equity finance was ordinary shares, often in 'No Liability' companies. The increasing capital requirement of the huge new development projects of the 1980s also spurred the use of debt finance. This trend was accelerated as high inflation and the taxation advantages of debt finance made borrowing attractive. This paper reviews major financing techniques used by the Australian gold industry with particular emphasis on the innovative financing techniques initiated recently. An analysis has been undertaken of the effects on the industry of issues such gold loans, forward selling, equity participation by suppliers, fly-in fly-out operations, contractor mining and equipment leasing. In order to achieve a better understanding of the innovative financing techniques, a survey of already published financial data from well known Australian gold mines was carried out. Data was collected from various published financial reports of gold mining companies. In addition, a questionnaire survey was sent to gold mining companies to assist the collection of further information. The results of this study show that there are a significant number of gold mines variously using gold loans, forward sales, contractor mining and fly-in and fly-out arrangements to finance their projects. Only four operations have vendor suppliers investing capital funds in their projects. Based on the findings of this study, conclusions and recommendations are drawn that these approaches are likely to be with Australian gold industry for some time in the future and will continue to be intensively applied to finance gold projects.

Jan 1, 1994