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A broker relies heavily on mineral valuations and independent experts' reports to provide the fundamental information, both technical and commercial, which provides the basis of estimating the sharemarket value of securities and underlying assets. It is important to appreciate the significant variance that can occur between the market value and other types of valuation at a particular point in time. In general, most experts' reports and valuations seek to provide estimates of technical/fundamental or ""fair"" value which correspond to the Corporations Law and accounting standards requirements. They do not usually attempt to estimate (stock) market values and it is usually and quite correctly the broker's task to estimate market values on the basis of a technical appraisal and consideration of all other commercial, market and financial influences. Therefore ideally, an independent experts' report or information memorandum will include material relating to commercial and management aspects of a company as well as detailed technical reviews and fundamental valuations. Wherever sensible cash flow projections can be made, cash flow-derived valuations, usually based on discounted cash flow (DCF) calculations, remain the preferred valuation methodology. Brokers in general would not argue with this preference. However, there is a paucity of examples of valuations where alternative methods are applied as a check on the reasonableness of a DCF-based estimate.

Jan 1, 1994

By G R. Hancock, W D. D P Welivitiya

is placed in a waste rock dump, which is usually later reshaped to be erosionally stable, initiate and sustain vegetation and ultimately integrate with the surrounding undisturbed landscape. However, it is unclear how this exhumed material will weather and evolve for most sites. Also, there is a lack of data on the weathering of post-mining materials. If weathering is better understood, then there is the potential to improve rehabilitation outcomes. To improve predictions of the evolution of soil properties and weathering-limited erosion, estimating the rate at which fine, transportable material is produced from the weathering of larger, non-transportable particles and the resultant fragment size distribution and how that distribution evolves over time is necessary. This study examines the weathering process for four different coalmine waste rock materials for a Bowen Basin, Queensland site. Materials obtained from various areas of the coalmine were subjected to cyclic wetting and drying and heating and cooling. Particle size distribution and other material properties were explored after each experimental cycle to ascertain how the material changes during the experimental cycles. The particle size distribution data of wet and dry cycles were used as input data in a numerical weathering model to explore the dynamics of the weathering process for each material sample. A Monte Carlo framework was employed to assess the geometry of the weathering products, weathering rate and the number of daughter particles produced within a weathering cycle. Then the SSSPAM Landscape Evolution Model was used to evaluate the influence of weathering on erosion and landscape evolution of a post mining landform. SSSPAM simulations with: (i) active weathering and (ii) without weathering were run for each material. The erosion rate and the overall landform structure were then compared between weathering and non-weathering simulations.

Aug 2, 2023

By L Mollison, K W. Mills, N R. P Baczynski, M F. Lee, I A. de Bruyn

This is the first of two papers concerned with rock stress inputs to various mine design issues at the large Ok Tedi open pit mine in Papua New Guinea. The companion paper (also published at this conference) is ‘The Application of Rock Stress Inputs to Stability Assessments at Ok Tedi Mine, Papua New Guinea’ (de Bruyn et al, 2014).Stresses are a required input for numerical modelling of mine design issues. However, for some operations, like the very large Ok Tedi open pit mine in remote rugged mountainous terrain, direct and representative measurement of rock stresses can be technically difficult and expensive. In such situations, development of an appropriate and sufficient understanding of rock stresses can be challenging.This was addressed for Ok Tedi by considering the following:The tectonic and regional geologic setting of the mine.Results from three different programs of rock stress measurement over 19 years, including hydraulic fracturing (1991), acoustic emission (2007) and overcoring (2010). Some interesting results of the overcoring work are discussed. It was done in a 4 km long drainage tunnel, which intersected a thick monzodiorite intrusive that has metamorphosed contacts to host contact Ieru Formation siltstones; anomalously low horizontal stresses were measured within the monzodiorite.Compilation of rock stress measurements from other New Guinea mines and prospects, both in Papua New Guinea and Indonesian West Papua.Comparisons between the variable Ok Tedi rock stresses and similar data from other porphyry copper deposits.CITATION:Lee, M F, Baczynski, N R P, Mills, K W, de Bruyn, I A and Mollison, L, 2014. Rock stresses at Ok Tedi, Papua New Guinea, in Proceedings AusRock 2014: Third Australasian Ground Control in Mining Conference , pp 337–346 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Nov 5, 2014

Esso-BHP have installed a Production Supervisory Control System that is presently controlling the offshore oil and gas facilities on the Barracouta and Marlin platforms from an onshore master station. This control is achieved with a computerized master station onshore which uses a UHF radio system for telemetry and control. The system is designed to control, monitor, and gather data from a large number of oil and gas production platforms and has flexability to handle future variations in operating conditions. Thn -etom ..ill kn nvt,,ndnd to thn I-lalihn+ rJ,+f, rr , Into +hie -- -A +n the lei...,fieh .,lo+fnrmc A.,;- 1071

Jan 1, 1970

This short paper outlines the authorÆs views regarding the present ability of the resources industry to manage its mining assets. It represents a personal view û but one founded in fact-based observations of mining companies and of the mining industry in general. It contends that whilst a great deal has been learnt about the management of mines over the last 500 years since the seminal work of Agricola, observations suggest that best practice management is the exception rather than the rule across our industry. Although insights regarding the successful management of mines have become apparent, we still witness unnecessary errors in our industry that lead to the loss of shareholdersÆ funds. By highlighting some aspects of current best practice, particularly in the arena of operations improvement, it is hoped that this short paper contributes a small step along the next 500-year-long learning curve. At a time of key skill shortages in our industry as mineral producers attempt to ramp-up production to capture historically high commodity prices, achieving best practice operations management has seldom been more critical.

Jan 1, 2006

By Black PM, Itaya T

Arc-type volcanic activity has been a major feature of the late Cenozoic geological evolution of the Pacific-Australian plate boundary in the northern New Zealand region. The timelspace distribution patterns of arc-type rocks reflect changes in the nature of the plate boundary as it has evolved. Inception of volcanism began in the north during earliest Miocene times (26 Ma) following ophiolite emplacement and during the next 10 Ma developed into a volcanic arc segment extending south to the present position of the central North Island. The northern part of the arc became extinct about 15 Ma ago, but activity continued in the central (Coromandel) part of the arc until about 5 Ma ago. In late Pliocene and Quaternary times volcanic activity has become concentrated in a northeast trending zone which is collinear with the Tonga-Kermadec Arc.

Jan 1, 1995

By Pati±o A

The Argentine pyroclastic loess arevulcanogenic deposits, which have their sources in the circumnpacific rim. The object of this work is to realize a de-tailed mineralogical characterization of this sediments, to use it like a geo logic outline which regiters discordance or similarity in them, The sampling zone extend from 714N-4125 to 622W-339S. The descriptions of these sediments was considered like basic, mesobasic or acid rocks. The basic sediments, looking like andesite-basaltic composition, are fill-ing the andean valley. The mesobasic one have a similar composition with a pyro-clastic dacite rock, and have been found in marshy pleistocene sediments in the intermountain valley and in the pampeana prairies. The acid ashed conform rhyoda-cite-rhyolite sediments which form the pampeana loess covers in the prairie.

Jan 1, 1990

In an area north of Mowit Ica chip sampling of limonitic outcrops on a regional scale led to the investigation of a number of areas considered to be geochemically anomalous for copper and zinc. These areas were closely gridded,end where geochemical results were favourable, they were subsequently drilled or ro¦titeaned Che results indicated that for copper Lne anomalies were mainly associated wiL_ ironstone formed in areas of faulting. is suggested that copper is able to move considerable distances by ground water movement and is likely to be fixed under conditions of low pH. The movement of zinc is more difficult to explain but it appears to have an affinity for iron and is only deposited in areas having a high pH (i.e. doioiirific scdimet=Cs).

Jan 1, 1973

The hydraulic backfilling of mine tailings has proven very successful at the Homestake Mine in Lead, South Dakota. It allows greater versatility, selectivity and safety in mining. It has also minimized surface subsidence and underground rock movement. The tight filling also eliminates underground fires. This paper explains the hydraulic backfill method used and the problems encountered by so doing.

Jan 1, 1973

By H Guthrie, J Hodder, J Bain, S Durkin

Australian mines have traditionally relied on diesel powered vehicles to fulfil their light vehicle needs. There are many reasons for the resources industry to review its use of diesel-powered vehicles. The international industry has developed projects to explore the use of Battery Electric Vehicles (BEV) as a more sustainable alternative to traditional diesel-powered vehicles. While the technology for cost-effectively applying modern high-performance lithium-based batteries to the mining environment has existed for over a decade it is yet to be widespread throughout the industry. Through the collaboration of Safescape, 3ME Technology and Kirkland Lake Gold, with funding from Mining Equipment technology services (METS) Ignited, the project has focussed on advancing the Australian METS sector’s capability in the rapidly approaching implementation of BEV technology. This paper reports on the collaborative approach to develop a prototype vehicle; explains the selection criteria for the various components of the vehicle; and details the risk-based approach to developing a scalable product to replace existing underground light vehicle fleets. The prototype vehicle was tested underground at Kirkland Lake Gold’s Fosterville operations in Victoria beginning in October 2019. Reporting from these trials focusses on the key factors affecting underground operations. These include driveability, safety, charging and cycle times. Gathering data around energy consumption through normal daily duties enabled a model of energy consumption and charging requirements to be developed such that various applications of the electric vehicle can be considered against existing diesel-powered vehicles. This has provided insight into the impact on daily operations, and the way forward for large scale implementation.

Mar 15, 2021

By Osorio J. D C, McMahon M. D

Burwood Beach Sewage Ocean Outfall is being constructed by the Hunter District Water Board as part of an amplification scheme to eliminate pollution from adjacent bathing beaches. The outfall consists of a 93m vertical shaft, 1950m of 2.7m diameter tunnel with a series of diffuser outlets connecting the seaward end of the tunnel to the sea floor on a rock outcrop. The site of the work is in the Newcastle Coal Measures and the project is complicated by the proximity of colliery workings to tunnel alignment, although the colliery records provided valuable information on geological features. The location of the tunnel was determined to be in the Waratah Sandstone Formation immediately below the colliery workings after three different alternatives were considered. The shaft, which will be sized to suit contractor's construction methods and equipment, will be sunk through about 24.5m of alluvial material and 68.5m of rock. The tender documents were developed to allow the contractor considerable flexibility in construction method to suit available equipment. The specification also allowed great flexibility in tunnel construction method with minimum cross sectional area of 5.7m2 being the basis for a number of allowable alternative profiles ranging from circular to horseshoe.

Jan 1, 1987

By Longworth C. R

Competing requirements for land usage sometimes make the correct all- ocation difficult. The decision can be complicated by many factors such as local resident pressure, previous government decisions, economic pres- sures and the duration or permanency of the competing land usages. This problem often confronts the extractive industries with consequent delays in granting leases and some- times considerable local dissension. A proposal to extend the high grade silica sand quarry of the Wamberal Sand Company Pty. Limited is a microcosm of these competing requirements. The sand quarry is located on the New South Wales central coast. It is an open pit operation on a near beach deposit of silica sand suitable for flint glass manufacture.

Jan 1, 1976

A new watersoluble binder for mineral ore pellets has been developed by the sulfonation of bituminous materials. A highly effective binder for iron ore pellet making is obtainable from bituminous materials produced in the hightemperature cracking of crude oils. This paper deals with production process and basic properties of this binder as well as new applications in the field of iron ore pelletizing.

Jan 1, 1974

The ores described in this paper are from the two principal orebodies at Wiseman's Creek, a small village about 22 miles south-east of Bathurst in central-western New South Wales.The first official reference to mining at Wiseman's Creek is in "Mineral Statistics of New South Wales" of 1875, which reported that the Wiseman's Creek Copper Mining Company had proved a lode-later known as "North Wiseman's"-to a depth of 120 ft., where it was found to be 20 ft. wide. By 1876 the erection of a mill and smelting works had commenced, and the sulphide ore found to contain copper lead, zinc, silver and gold. Some oxidised ore was also being worked. Operations were, however, generally unsuccessful, and sporadic work up until 1907 produced only about 5,000 tons of ore. The other more important orebody of the locality-the Phoenix-was not opened until about 1895. By 1908, as reported by J. E. Carne, the shaft had been sunk 340 ft., with the extraction of both oxidised and primary ore. At the time of the slump in copper, pric'es in 1907 approximately 3,000 tons of, ore had been produced.Several smaller orebodies were discovered and worked during the same period as the North Wiseman's and Phoenix, but their output was more or less insignficant. THE OREBODIES AND THEIR GEOLOGICAL SETTINGIt is now impossible to examine the orebodies underground, but they appear to have formed a series of flat lenses, whose major axes were parallel to ,the foliation of the enclosing quartz-chlorite-muscovite schists. The largest ,of these lenses was worked as the North Wiseman's orebody, which was reported by Carne to vary in width from 1 ft. to 20 ft., and which probably extended discontinuously over a strike length of about 1,000 ft. The Phoenix orebody is stated to have varied from 1 ft. 6 in. to 3 ft. in width...

Jan 1, 1955

Four data sets are required to put constraints on the tectonic evolution of the southern rim of the Pacific Ocean basinI . data bearing on the dispersal of the major Gondwanaland continental fragments and the birth of the Southern Ocean,2. data bearing on the interaction of the Pacific Ocean basin lithosphere with the South American, Antarctic, and Australasian continental masses,3. data bearing on.the evolution of the Scotia Sea floor, and 4. data bearing on the evolution of the various continents, microcontinents. and volcanic arcs.

Jan 1, 1990

By E Holloway

The optimisation of an open pit mine can be broadly split into two stages, the first being the ultimate pit optimisation (and subsequent stage designs), and the second being schedule optimisation. Macroeconomic uncertainty clearly impacts on both however interrelationships do also exist. Generally, the opportunity exists for the ultimate pit to be revised during each planning cycle, however when this reprieve is removed the uncertainty for the underlying business increases. As one example, the introduction of an in-pit waste dump can be seen to significantly limit the option to revise the ultimate pit. When in this situation there are two potential risks that present: (i) the long-term price used for the ultimate pit selection is optimistic, and too large of a pit is selected resulting in waste being mined which uncovers material not of a significant value to deliver a profit; (ii) the long-term price used for the ultimate pit selection is pessimistic, too small of an ultimate pit is selected, and ore of realisable economic value left behind. Both of these outcomes are risks and as such can be assessed and quantified. CITATION: Holloway, E, 2018. Incorporating economic variability into a strategic planning framework, in Proceedings Complex Orebodies Conference 2018, pp 88–90 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Nov 21, 2018

The McArthur lead-zinc-silver deposit is of the stratiform type. It consists essentially of a mineralized bituminous shale sequence that incorporates tuffites, numerous graded beds, and isolated but massive slump breccia horizons.The principal sulphides are' pyrite, sphalerite, and galena. These occur mostly in the shales. The accompanying turbidites contain only minor mineralization.The geochemistry of the deposit has been investigated in relation to the stratigraphic column and mineralogy of the sediments.A sedimentary origin is proposed for the deposit. Volcanism, thermal spring activity, salinity, regional faulting, and climate are examined as possible factors that may have contributed to sulphide formation and which could be used as criteria for mineral exploration.The metallurgy 'of the McArthur deposit is discussed in terms of its geological history.

Jan 1, 1972

By Kuwasaki N, Mitsune Y

Many activity measurements of components in liquid oxides have been reported in the field of slag chemistry. However, very little is known about the thermodynamic behavior of compo- nents in oxide solid solutions. In the present paper, e.m.fs. of the follow- ing galvanic cells employing solid electrolyte Zr02(CaO) were measured on the entire range of composition of the solid solutions. Pt/Ni-(Mgl-x ix)O/ZrO2(CaO)/Ni-NiO/Pt Pt/Ni-(Mgl-xNix)2SiO./ZrO2(CaO)/Ni-NiO/Pt Pt/Ni-(Mg l-xNix)Si03/ZrO2(CaO)/Ni-NiO/Pt. Activities of NiO in these solid solutions of (Mgl_ Nix)O and (Mgl_ Nix) 2Si0a(where 0

Jan 1, 1980

By Bassett N

The Eneabba deposit, located 280 km north of Perth, Western Australia, and 30 km inland (Fig. 1) is one of the most recently developed deposits of mineral sands in the world. The area has been in production since 1974, while the Associated Minerals Consolidated Limited (AMA) operation commenced production in 1976. Total ore reserves of close to 400 million tonnes contain about 40 million tonnes of heavy minerals (proved and probable).

Jan 1, 1979

By Lawson F

Chrome chemicals are commercially produced by the alkali roasting of chromite ores with sodium carbonate. Results of tests conducted in a laboratory furnace indicated that the sodium carbonate reacted rapidly with part of the gangue material to form a metastable intermediate that later reacted further with the chromite. For the conditions used, the recovery of water-soluble sodium chromate was able to be described empirically as yield % = a tn with a = 0.24 T - 241.3; n = 3.90 - 3.12 × 10-3 T and t is the reaction time in hours.The major rate limiting step in the overall reaction sequence appears to be the rate at which oxygen can get to the reaction sites across the liquid film coating the solid reactants.Sodium sulfate alone was found to be an unsatisfactory source of alkali for reaction with chromite. However when limestone also was added in quantities sufficient to allow the reaction CaCO3 + Na2SO4 + H20 ? Ca SO4 + 2NaOH + CO2 to take place, the results obtained were comparable to those found when sodium car-bonate was used.For chromite particles in the size range -124 + 105 µm, the use of stoichiometric excess of sodium carbonate did not appear to increase the yield or the reaction rate significantly. However, with smaller sized particles, - 53 µm, increased yields of water-soluble chromate were obtained when roasted with more than the theoretical quantity of sodium carbonate.

Jan 1, 1984