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This paper summarises the performance of the gold exploration industry in the Western World since 1970, with particular emphasis on the period 1985 - 2003. It identifies the number and size of major (ie >1 million ounce) primary gold discoveries made over this period by location and type of company. Estimates are also made of the likely contribution from smaller discoveries down to 0.1 million ounces. It also assesses the overall trend in the percentage of grassroot discoveries that are converted into mines, and the time taken to get them into production. By comparing the discovery data against total exploration expenditures it is possible to determine the average unit cost of finding a major gold deposit. It is significant to note that the average unit cost per discovery and per ounce of resource has tripled over the last 30 years. An attempt is made to determine the overall economic value generated by the industry. This is based on a detailed analysis of the rates of return and the Net Present Values (NPVs) of 109 major gold projects. After including an adjustment for discoveries not modelled, the NPVs are compared against the total amount of money spent on exploration to determine the value-to-cost ratio for the industry. Based on historical spot gold prices and tax rules, it is found that the return on investment for gold exploration in the Western World over the period 1985 - 2003 was around five per cent real after-tax. The returns achieved in the US and Australia was significantly higher than that for Canada. The returns also appear to have declined in recent years. With regard to the relative performance of junior versus major companies, the paper estimates that the junior sector accounted for 30 - 40 per cent of the total exploration expenditure, and were was associated with 34 per cent of the total number of major deposits, 27 per cent of the contained ounces and 25 per cent of the economic value found.

Jan 1, 2004

Chile, which hosts around 30 per cent of the worldÆs copper resources, is now the largest producer and exporter of copper. Chilean copper output accounts for more than one-quarter of total worldwide production. An increase to around 40 per cent is forecast by the end of the century. In addition, Chile ranks eighth in silver production and 11th in gold output. In Chile, mining generates more than eight per cent of the countryÆs GDP and the total value of mineral exports is more than US $7.85 billion corresponding to more than 25 per cent of South AmericaÆs mineral production. The rate of growth of Chilean mineral production is indeed impressive. Table 1 shows that in the period 1969 - 1998, copper annual production increased 564 per cent from 667 000 t to 3 764 000 t. Gold production went up 27 times from 1827 to 49 770 kg. Silver output grew 1219 per cent from 95 650 kg produced in 1969 to 1 166 380 kg in 1998. Several facts explain this dramatic increase of production, but the most important was the success of exploration sustained over the same period. This resulted in the discovery of several world-class deposits which when developed into mines, account for much of the production increases. Therefore, this summary review shows the success of basic exploration carried out during the last 30 years in the Chilean territory. The review is based on data already published in different specialised mining books or magazines. It only includes those world-class discoveries not the lesser discoveries important at local scale. All figures were calculated using 1998 $US dollar and average estimated metal prices valid for 1999: copper $US 1653 per t ($US 0.75 per pound), gold $US 9452 per kg ($US 294 per ounce) and silver $US 177 per kg ($US 5.5 per ounce).

Jan 1, 1999

Solid EnergyÆs project evaluation process utilises a standard staged gate approach, with five levels leading ultimately to project execution (level 6). For a project to progress through each level, specific financial criteria need to be satisfied. Solid Energy primarily use value based (discounted cash flow) metrics to support investment decisions. Within this approach Solid Energy utilise a number risk-based techniques to quantify project uncertainty. This includes the use of risk-based probabilistic analysis using Monte Carlo simulation and probability-based scenario analysis. Figure 1 shows the net present value (NPV) cumulative probability. Project risks are identified through comprehensive risk workshops. The output of these workshops (list of key risks, ranges of uncertainty and probability of occurrence), is quantified within the financial models. Incorporating this risk information on a probabilistic basis allows an investment decision to be made with a robust knowledge of the range of possible project outcomes along with the likelihood (probability) of those outcomes occurring, for example 80 per cent confidence that the project value will be greater than NZ$10 M, 50 per cent confident it will be greater than NZ$50 M and ten per cent confident it will be greater than NZ$70 M. Incorporating risk implicitly into the financial analysis allows the business to easily evaluate/measure projects with different risk profiles. The detailed risk analysis does away with the complexity of arbitrary risk-based hurdle (discount) rates, as projects can be evaluated based on their specific risk characteristics. Whether a project will progress to the next level of investment and ultimately into implementation depends firstly on the value assessment in comparison with the associated risk/uncertainty, and secondly matching this with the businesses appetite for risk. At Solid Energy standard criteria are used for specific project evaluations, but in addition projects are considered on a portfolio or strategic basis also. Solid Energy attempts to maintain a mix of low risk (low value) projects with some high risk (high value) opportunities. The mix of projects must remain in line with the shareholdersÆ risk appetite. One of the keys to a successful investment decision is ensuring that the appropriate information is available to decision-makers so that they may proceed with a comprehensive understanding of the risks and impacts associated with the decision.

Jan 1, 2007

By B McIntosh

Sustainability in its simplest assessment has been defined as æmeeting the needs of the present without jeopardising the needs of future generationsÆ. For the mining industry alone, this statement could indeed be interpreted by the many cynics in our community as an oxymoron; as miningÆs very existence requires the extraction and consumption of finite resources. However for the future of industry as a whole, the integration of mining, minerals processing and manufacturing presents us with a unique opportunity to achieve sustainability through the continued supply of metals and materials for society, in a manner which can achieve positive social outcomes through a triple bottom line approach.The Kwinana Industrial Area has been Western AustraliaÆs premier heavy industrial precinct for more than 40 years and its prevailing level of prosperity will ensure it remains a significant contributor to the State economy through the 21st century.The Kwinana industries depend on each other for the production of essential raw materials vital to their manufacturing and refining process, an innovation that also has significant environmental benefits.Formed in 1991, the Kwinana Industries Council strives to foster positive interaction between member companies and with the local community.The aims are:to co-ordinate the activities of Kwinana industries on a range of common issues; provide effective liaison with the local community; promote a positive image of Kwinana industries; highlight contributions to the community by Kwinana industries; and work towards the long-term viability of the Kwinana Industrial Area. The Kwinana Industries Council facilities these aims by focusing on developing and employing leading edge technology, giving workplace health, safety and environment top priority, and taking a committed, responsible and pro-active approach to environmental protection, whilst forging a two-way partnership with the local community.The sustainability of industry is the key objective for the Kwinana Industries Council and through the involvement of the 13 member companies industry strives to:achieve efficient processing of resources to provide a range of goods and services needed by the community; achieve acceptable and decreasing level of environmental impact; provide jobs and income for our community; and engage co-operative projects that benefit the local communities, the State and Australia.

Jan 1, 2004

Current NSW Government policy requires searching for more than just minerals during an exploration program - add endangered fauna and archaeological relics for a start.

Jan 1, 1995

The Queensland Phosphate Limited (QPL) Project is based upon the manufacture on world scale of High Analysis Fertilizers from resources located in north-west Queensland.High Analysis Fertilizers are produced from phosphate rock, sulphuric acid and ammonia.

Jan 1, 1993

In Situ Bioremediation of a Heavily Polluted Alkaline Soil in a Uranium Deposit

Sep 13, 2010

An Investigation of Cobalt Recovery on a Complex Oxidation Mine with High Per Cent of Mud

Sep 13, 2010

Problems encountered in the design, construction, acceptance, commissioning and early operation of the electrolytic zinc plant at Port Pirie are reviewed. Recommendations based on the author's experience are made for proper control of each phase of the development of new plants.

Jan 1, 1971

Zinc enters into solution on aeration of sphalerite in deionised water. It has been observed that less zinc dissolves in a copper vessel than when the same operation is carried out in a glass vessel of similar shape and size.

Jan 1, 1980

A review of the motivation of personnel in the open cut mining industry. The effect of social, geographic, environ- mental, organisational, union and other factors on employees' motivation as assessed from job experience and from an attitude survey. An appraisal of where we should be heading and what influence management can have on the motivation of employees.

Jan 1, 1980

By Kelly BJ, Smith GA

The recommendations of a recent American report on "Better contracting for Underground Construction" are considered in relation to Contracting practices on major Australian projects by representatives Of the "classical trilogy" - the Owner, Engineer and Contractor.

Jan 1, 1976

This paper examines the concepts of risk analysis and uncertainty in open pit mine design. It describes the relationship between risk analysis and uncertainty, describes methods that can be used to quantify uncertainty, and suggests ways of reducing the geological and geotechnical uncertainties that are inherent in open pit mining.

Jan 1, 1994

In order to do the discharge estimation better, it is valuable to find out appropriate formulas for estimating discharge in various pits, based on accumulating data, summarizing discharge patterns applying optimum seeking method and principle, by seeking redical exponent with help of the method of exhaustion, as well as testing and making statistics, in accordance with the quality standards established by our practical experience.

Jan 1, 1988

Geologists working in mountainous terrain were the first to map and interpret in three dimensions and as a result, made the first contributions to our understanding of mountain building and structural geology. However, geology during the 1900s has been dominantly a two-dimensional exercise in data gathering and interpretation. The standard output of geological surveys and university research has been the geological map and the standard methodology of the mineral explorer has been surface mapping and prospecting. The future will be concerned far more with the third dimension.

Jan 1, 1993

It is with great pleasure that I accepted the invitation to make a closing address to this Congress particularly as it is here in Brisbane. The main duty of the International Mine Ventilation Congress Committee and in particular the chairman is to ensure that these conferences are held every four to five years in suitable locations. My main role over the last four years has been to promote holding this Congress in Australia and it was a great relief when the Queensland team and the Australasian Institute of Mining and Metallurgy accepted the challenge in November 1986.

Jan 1, 1988

Congratulations on your considerable enterprise in securing the opportunity to have this international conference here in Brisbane - and congratulations on your success in attracting such a distinguished audience from so many nations, with such a broad selection of papers. It is a notable achievement that in the year in which Australia is celebrating two hundred years since settlers first came fran Britain, The Australasian Institute of Mining and Metallurgy is responsible for some ten major conferences, of which at least four are specifically international, or have a very strong international involvement.

Jan 1, 1988

By Longtin Z, Jin C, Zixin C

This paper proposes a new idea of disintegrating mode (division into simpler sub-problems) for complex problems, and based on -it, a study of the structure and the design of a knowledge base and inference engine for layout design of mineral concentrator expert systems. There is also a study of the formalisation method for describing the layout picture, and the work derived therefore found a formalisation method for expressing the knowledge and experience of layout design. There is also a study of the general characteristics of layout design knowledge.

Jan 1, 1993

By E P. Nelson, R Gutierrez, P W. Layer

The San JosT district in Patagonia comprises a number of epithermal precious metal quartz veins hosted by a Mesozoic volcanic sequence. New radiometric data indicates that upper Jurassic volcanism was closely followed by vein mineralisation in the lower Cretaceous. A structural model is discussed for the district at times of mineralization that may also apply on a regional scale and other mineralised districts in Patagonia. An EXTENDED ABSTRACT is available for download. A full-length paper was not prepared for this presentation.

Jan 1, 2008

Subsidence data resulting from longwall mining in the northern part of the Newcastle Coalfield of New South Wales has been reviewed. Themain factors influencing subsidence variability in this area (apart from width/height ratio) are strong bridging strata, the effects of the first major goaf fall, mining direction and depth of cover. In 1987 the NSW Department of Mineral Resources produced a guide to subsidence prediction for the Newcastle Coalfield which is still widely used. The current study shows this guide to be no longer appropriate for this area. An alternative prediction curve, incorporating more recent data, is suggested.

Jan 1, 1998