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There is no good news! The market environment for raising capital for resource projects is getting tougher. The regulatory and accounting environment is fast becoming more difficult and the hurdles to successfully raising debt, lease, equity or hybrid finance are now considerably higher. As ever, well structured companies and capital issues can and will survive, if not thrive. An outline of the market and regulatory environment for successful issues is set out below, followed by some comparison of stockmarket values of resource assets compared to more technical appraisals.

Jan 1, 1990

The tragedy of the Moura No. 2 incident has lost much of its emotional mileage for those organisations that thrive on loss and suffering. However, for the families, workers, mine owners and operators in the Queensland underground coalfields, the challenge of delivering a positive outcome, though well underway, is in its infancy. The pressure created by interested parties is necessary for overcoming the inertia involved in change; but they cannot deliver the change. The responsibility ultimately resides at each individual minesite with the people who work there each day.

Jan 1, 1998

Aspects of sampling are becoming more complex, involving a correct statistical approach to collection as well as geological and possibly pedological control. Advanced chemical techniques and techniques of rapid analysis need to be understood. Results may require statistical analysis. The elementary aspects of sampling still need constant attention by those controlling a programme of sampling. No one person will have sufficient knowledge of statistics, geology, pedology and chemistry to be fully conversant with all the aspects of sampling but, by developing a correct approach, problems can be identified and solved.

Jan 1, 1976

The Inquiry into the 1994 accident at Moura No. 2 Colliery included in it's findings that mine escape and rescue options for persons in underground coal mines were in need of review. The Inquiry recommended the establishment of industry working groups to report to the Queensland Chief Inspector of Coal Mines on matters including escape strategy and life support for escape from mines.One of these task groups examined issues relevant to self-escape from Australian underground coal mines and formulated recommendations and guidelines in response to the terms of reference and scope.

Jan 1, 1998

By P Gy

When it comes to sampling theory, a bad sampler is a bad sampler, no matter what, and a sampler is either bad or good. It also is of critical economic importance to tell and understand the difference, especially in a metallurgical plant. In this paper, the grand principles of Sampling Theory are first recalled, then the most popular types of sample cutters for plants are critically reviewed. It is concluded that the industry has a lot of progress to make in that direction, although improvements usually pay for themselves very quickly.

Jan 1, 2002

By Potter OE

There appears to have been a swing away from the study of mathematics, the physical sciences, foreign languages and the classical humanities subjects by many students in high schools in Victoria. The same trend is believed to be occurring in other states as well. This has the direct result of many students entering tertiary studies inadequately prepared academically. This is particularly true in engineering and commerce. The position as far as postgraduate training in the areas of concern to the minerals industry is critical with almost no Australian nationals undertaking advanced technological studies.

Jan 1, 1981

By Brown D. N, Troth D. A

Large blast furnaces demand high standards of preparation of feed materials which must meet tight specifications of chemical and physical quality. Measurement of these factors must be expeditious but the nature of the coke, sinter, ores and fluxes and the large tonnages involved requires substantial mechanical sampling plant. The equipment, its operations, and its problems, associated with the 5000 t.p.d. No.5 blast furnace at Australian Iron and Steel Pty. Ltd., Port Kembla, are described and the efficacy of chemical blending achieved in the ore blending yards and sintering operation, is reported.

Jan 1, 1976

The evaluation programme and procedures develop- ed for Saindak porphyry copper-gold-silver- molybdenum deposits located in an isolated area in an extremely and region of Baluchistan are described in detail. Due to its isol .ted location, far removed from supply centres, harsh climate, paucity of water and non-availability of even unskilled labour, Saindak presented problems for which no ready made solution exist- ed. It is hoped that this Paper may be of some value to those in the LDCs who may wish to undertake similar ventures.

Jan 1, 1988

Coal exports are forecast to grow strongly, so that coal is likely to remain very important to Australia for the foreseeable future. However there is no sign that prices or profitability will rise of their own accord. Therefore the intense squeeze on costs will continue for the foreseeable future. This will mean lower manning, more outsourcing and probably an increasing rate of company attrition. As well, the political pressure from the greenhouse debate is only going to intensify and the pressure on the Federal Government after Kyoto is likely to be irresistible.

Jan 1, 1998

The kinetics of chlorination of alumina and bauxite with CO/CI2 mixtures were studied in the range 300-1100°C. The temperature of prior calcination is critical in determining the reaction rates. An optimum chlorination temperature in the range 600°C-750°C was demonstrated such that there is no increase in reaction rates with increasing temperature. This lack of rate sensitivity to rising temperature is largely a function of the influence of gaseous diffusion gradients in the porous alumina together with a progressive decrease in surface area.

Jan 1, 1976

By Hutton W

The Argyle Diamond Mine is the first significant diamond producer in Australia. The project has been developed with new concepts in circuit design, process control technology, organisational development and training. After its first year of operation, the Argyle Heavy Medium Separation Plant has proven extremely efficient in recovering diamonds. Apart from cyclone wear, no major problems have been encountered. Ferrosilicon consumption is well below the design level which is a reflection of the sound design of the medium circuit. An Audit Plant continuously monitors the Heavy Medium Separation Plant tailings for diamond loss.

Jan 1, 1987

The Central West of New South Wales is emerging as a significant metallogenic province. The development of Northparkes Mines (North Limited) and the Cadia Hill deposit (Newcrest) are establishing NSW as a highly prospective porphyry copper-gold province. Exploration in the area has been further buoyed by the Ridgeway discovery by Newcrest near Cadia. The fact that the Ridgeway prospect was discovered 300 m below surface under Tertiary basalt cover indicates that surface prospecting can no longer be considered alone as an adequate method to find significant new deposits.

Jan 1, 1997

The present geology of the northwest quadrant of the Circum-Pacific is the product of the interact-ions between plates or paleo-plates which have oc-curred since the earliest part of the earth's hist-ory. Almost every possible geologic structures are observable there; stable continents, collision belts, and subduction arcs as well as extensional basins. This suggests that almost all the possible tectonic processes occurred through geologic time and the present overall structure of the Quadrant is no more than a time section of the long lasting tectonic history which the region experienced.

Jan 1, 1990

By K Nakashima, K Aya, T Sumita, N Saito

Electro slag remelting (ESR) is one of the methods used to produce high-cleanliness steel. In the ESR method, the product steel electrode is immersed in flux, and the electrode is melted by the Joule heat of the flux generated by high current. CaF2-based melts are mainly used as fluxes, but the electrical conductivity of CaF2-based melts varies widely among researchers and measurement methods. Therefore, this experiment aims to measure the electrical conductivity of CaF2-based melts based on the van der Pauw-Ohta method, which does not require the cell constant that is a fundamental error factor in electrical conductivity measurement at high temperatures. The measurement temperature was set at 1450–1600°C, and dehydrated Ar flowed through the furnace at 200 mL/min. Electrodes were fabricated by Pt-30mass per cent Rh alloy, and the electrodes were connected to an impedance analyser using a four-terminal probe. The electrodes were immersed in the melt, and the impedance and phase angle were measured by AC frequency sweep (50 Hz to 200 kHz). The electrical conductivity was then calculated by utilising the impedance’s real part values when the impedance’s imaginary component was zero. The electrical conductivity showed a positive temperature dependence. The electrical conductivity of 60(CaO⋅Al2O3)-40CaF2 melt increased with increasing temperature but was found to be roughly one-third of those of the previous studies. In the conductivity measurement of 60(CaO⋅Al2O3)-40CaF2 melt, the AC frequency with a phase angle of 0° was found to be different depending on the temperature and immersion depth. By sweeping the frequency, the impedance at the phase angle of 0° can be obtained, which enables us to measure the electrical conductivity more accurately.

Jun 19, 2024

The current drill-and-blast method of tunnelling is cyclic and, for this reason above all others, has a future application potential which is lower than that of continuous methods. There is scope for progress in several facets of today's drill-and-blast tunnelling. But even if each of its unit operations and the synthesis of these were to be optimised, this conventional method will, in the long term, fail to be a serious competitor for tunnelboring machines (TBMs), roadheaders and the like. If its role in tunnelling is not to decline at an increasing rate, drill-and-blast will need to be transformed into a continuous system. Boring and cutting machines consume considerable energy (and expenditure) in creating rock fragments which are smaller than those required by muck-handling equipment. In this respect, blasting is more efficient. Mechanical methods are also less versatile and flexible and, when planning proceeds on a basis of meagre or inadequate geological data, cannot be costed as accurately. Currently, research gains for TBMs and roadheaders are greater than those for conventional tunnelling. If (as is likely) the disadvantages of mechanical methods continue to be reduced at a greater rate, the swing away from drilling and blasting will gain momentum.

Jan 1, 1987

By H Simpson, C Gimber

The financial evaluation of mining projects drives a whole range of decision-making regarding project viability, project design, operating models and closure philosophy. Net Present Value is a financial assessment approach that is pervasive across the industry and has been widely criticised for driving short-term thinking and leading to poor long-term outcomes and future unfunded closure liabilities. But are there alternative models and what are the impediments to their implementation? This paper aims to outline current and past mine closure practices in the mining industry and questions these outcomes given the changing shareholder investment requirement for alignment with sustainable Environmental, Social and Governance (ESG) goals. Examples are presented of closure programs planned and executed in the later stage of the life-of-mine and explores the benefits that could have been realised by integrating these into concurrent production operations. Examples of simultaneous mine development and closure execution and their benefits are presented, and their relevance to corporate investor branding. This paper also discusses the concept of investor project ownership through to sustainable closure and outlines alternative approaches to responsible, sustainable mine closure. We explore the current mining industry divestment practices to remove closure liability from the balance sheet. These underlying financial practices and Net Present Value approach to Mine Closure and alternative approaches are discussed.

Aug 2, 2023

The mill area of PT Freeport Indonesia is located in a valley surrounded by steep natural slope, characterised by extreme topography with mountains rising to above 4500 m within 100 km from the seashore. The valleys are deeply embedded into the mountainous terrain and bordered by steep natural slopes. Vertical or overhanging lime walls are interrupted by steep vegetated screen sections containing accumulated loose material from weathering processes and ancient rock falls and/or debris flows/avalanches. The climate can be best described as alpine subtropical with an accumulated rainfall of more than 5000 mm per year. Occasional snowfalls and superficial freezing above 4000 m elevation leads to heavy weathering of the superficial rock layers and along open joints and fractures. The mill area is a crucial and strategic infrastructure for the entire mining operation which is best characterised as a high density industrial area with facilities including water tanks, power generators, crusher, and concentrating facilities including office buildings and workshops as well as access tracks to the underground mining blocks. Considering the local topography, the restricted space conditions and the number of technical installations, the facilities are likely to be affected and highly vulnerable to rock fall from the surrounding slopes. In order to minimise the rock fall hazard three rock fence barriers area were constructed at the mill area. The 7.5 rock fence barriers were designed with the maximum capacity of 5000 kJ. These are the largest capacity of rock fall barriers ever constructed in Indonesia. The total length of the barriers for the three locations was 126 m. The biggest challenge of this project was the construction of the barrier at West Gulley, which was constructed at 300 m above ground level. For this site, construction access was undertaken using helicopter. This presentation discusses the design of the mitigation structures as well as the construction approach and stages of the barriers. Please note: This paper is abstract only.

Nov 25, 2010

Mining of copper ore is still the most important business in Chile. In order to mine ore with a copper content of less than one percent at Minera Los Pelambres in an economical way, opencast mining is mandatory. Due to the prevalence of avalanches at the mine, the concentrator was located in a stable area, some distance from the mine. As a consequence, the material has to be transported between mine and concentrator by conveyor. A downhill conveyor system has been implemented for more than ten years as the most suitable and most economical ore transport alternative. Due to the length (12.6 km) and inclination (1300 m drop) of the conveyor system, the stresses in the steel cord belt are the dominant design criterion, resulting in a belt quality of ST 7800. Additional dynamic belt stresses during transient operating conditions are avoided by the installation of high capacity adjustable frequency drives. The rating of a single drive unit is 2500 kW. During ten years of operation, several capacity increases have been implemented, from an initial 5800 t/h up to the current capacity of 9900 t/h. This presentation describes the engineering challenges of the implementation of the world's strongest belt conveyor system. Capacity increase measures like the development of new control and breaking strategy, proved by dynamic simulation of belt forces and belt speed scenarios are explained. During this long-term partnership of RWE Power International, the former Rheinbraun Engineering, with Minera Los Pelambres, RWE has been engaged continuously for development work, safety checks, expert opinions and maintenance audits, and giving new impulse to conveyor technology.

May 1, 2010

By W Zhu, J H. Zhao, H Ma

The permeability coefficient is an essential parameter for the study of seepage flow in fractured rock mass. This paper discusses the feasibility and application value of using readily available RQD (rock quality index) data to estimate mine water inflow and grouting quantity. Firstly, the influence of different fracture frequencies on permeability in a unit area was explored by combining numerical simulation and experiment, and the relationship between fracture frequencies and pressure and flow velocity at the monitoring point in fractured rock mass was obtained. Then, the stochastic function generation program was used to establish the flow analysis model in fractured rock mass to explore the relationship between flow velocity, pressure and analyse the universal law between fracture frequency and permeability. The concepts of fracture width and connectivity are introduced to modify the permeability calculation formula and grouting formula. Finally, based on the on-site grouting water control case study, the rock mass quality index is used to estimate the mine water inflow and the grouting quantity. The results show that it is feasible to estimate the fracture frequency and then calculate the permeability coefficient by RQD. The relationship between fracture frequency and RQD and the relationship between structure surface frequency and permeability follow an exponential function. The calculation results are in good agreement with the field monitoring results, which verifies the rationality of the calculation method. The relationship between the rock mass RQD index and the rock mass permeability established in this paper can be used to invert the mechanical parameters of the rock mass or to evaluate the permeability and safety of the rock mass, which is of great significance to the prediction of mine water inflow and the safety evaluation of water inrush disaster management.

Nov 29, 2022

By J Sykes, W Treasure, A Saleem, A Trench, S Ulrich, R S. Davies

Below-ground technical complexity remains a traditional source of project challenge. Above-ground challenges then augment this complexity, including in the domain of commodity marketing. All challenges must be solved to produce quality, saleable, ex-mine product. The situation is further complicated in that technical complexities are not independent of each other, so complexity is best regarded as a system rather than a series of isolated factors. Additional above-ground challenges to mining projects are also increasingly sourced from societal and environmental factors, locally and globally. These challenges not only confer project complexity, but have their source in larger, global wicked problems. Finally, financing and resourcing of projects represents an ever-present challenge for all but the highest-quality mineral deposits. CITATION: Trench, A, Davies, R S, Saleem, A, Sykes, J, Treasure, W and Ulrich, S, 2018. On the sources of complexity in contemporary and future mining projects, in Proceedings Complex Orebodies Conference 2018, pp 65–66 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Nov 21, 2018