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By G A. Davis, D G. Laughton

The great variability of mineral and energy prices has motivated some governments to incorporate a windfall profits tax into their mineral taxation regimes. Windfall profits taxes are a means for governments to capture additional mineral revenue when mineral prices are considered higher than some historic level. Governments need to be aware of the effects of such contingent taxes on the exploration, development and operating decisions of mining companies. Mining companies need to be able to calculate the full impact of windfall profits taxes on the economics of their projects. This paper examines the valuation of a multi-phase copper-gold project in the presence of a windfall profits tax. Real options Monte Carlo simulation is used to characterise the different exposures of the mine owner and of the government to the risky cash flow streams that they receive from the project. The results highlight that Monte Carlo simulation paired with the real option valuation method is able to account appropriately for the differing risk exposures, while the traditional discounted cash flow valuation model is not. Our key conclusion for governments and mining companies is that the impact of contingent tax and royalty terms can and should be assessed using advanced valuation techniques, and the results used to improve contract designs under the constraint of actual and perceived fiscal system stability.

Jan 1, 2007

By Soma T

Pyrite and Cu-concentrate were roasted in vertically suspended state in an externally heated tube. Tubes of three different lengths of reaction zone were used for three different reaction times. Roasted ores were submitted to chemical analysis and the extent of roasting reactions was determined. In case of pyrite, extent of roasting reactions was not affected much by reactor length and heating temperature (above 500¦C), but was considerably by ore/air ratio. Micro- scopic and XMA examinations led to the conclus- ion that pyrite particles decomposed to pyrrho- tite and then pyrrhotite was oxidized to give Fe-S-0 melt, magnetite and hematite. The extent of reaction was not uniform in all particles but had a wide distribution from unreacted pyrite to completely oxidized particles. Combustion of Cu-concentrate from Kuroko complex sulfide ore ) was unstable under a uniform wall temperature of 450¦C, but proceed- ed rapidly at temperatures above 500¦C. Sticking of roasted ores to the wall of the reaction tube induced choking of the tube, caused by melting of roasted ores, at tempera- tures above 950¦C. Enrichment of oxygen exterted less influence on reaction rate than heating temperature of the tube. Particle size of ore had a big effect on reaction rate.

Jan 1, 1980

By D Yan, D Connelly

Beneficiation of magnetite is an integral part of the future of iron ore processing. Historically, the focus of Western Australian producers has been on exporting direct shipping ore (DSO) namely haematite. The future for new DSO resources is limited so companies are changing their emphasis into processing the very large, undeveloped magnetite ores in Western Australia (WA), using beneficiation to produce shippable magnetite concentrates. These magnetite resources require higher cost processing techniques such as fine grinding and beneficiation to produce saleable concentrates. This distinct difference, from the DSO ores, has led to the development of a number of new technologies. This paper reviews: the different techniques used for magnetite beneficiation and provides some case studies in the WA industry; the use of mineral liberation analysis (MLA) to describe the nature, grain size, occurrence and associations of the mineralisation;the consideration of coarse cobbing as a critical upgrading; the application of high pressure grinding rolls (HPGR) to save energy; how the field of magnetic separation has resulted in new machines with higher field strength (SLon Separators); ultra fine grinding requirements of magnetite concentrates; andthe application of reverse flotation to reduce silica in the concentrates.

Jan 1, 2009

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

By Radenkovic C, Ivkovic S, Minic I

The model, already tested and applied, enables a highly efficaceous solution of the problem of issuing instructions for interested services on the basis of known contents of in- dividual stages of mine mechanization repair and known time intervals between repairs for specific machines and total mechanization. Application of the model provides work orders for all types of repairs for specific machines or systems, and orders for the commercial department regarding spare parts Supply.

Jan 1, 1977

By D Felipe, G J. Harbort

In the past 40 years substantial changes have occurred in flotation machines. This has included increases in mechanical cell size to 630 m3 , significant changes to flotation column aeration design and widespread use of the Jameson cell and other pneumatic flotation cells. Over the corresponding period there has been increased used of machine characterisation measurements to benchmark and optimise flotation circuit performance. JKTech maintains a database of industrial flotation machine characterisation measurements. The database contains over 4000 entries and includes gas dispersion measurements, such as bubble size, gas hold-up and superficial gas velocity, cell dimensions and impeller tip speeds. Data comes from numerous operating sites and commodity groups, including gold, copper, molybdenum, nickel, palladium, lead-zinc, platinum, silica, phosphate, coal and iron ore. Flotation duties registered include flash flotation, preflotation, roughing, scavenging and cleaner circuits. Measurements have been conducted on a wide range of flotation machines from different manufacturers. This includes forced air machines, such as Outotec and Dorr Oliver, and self-aerated machines, such as Denver and Wemco. The database also includes substantial flotation column entries, such as the Microcel, Eriez/CMT Slamjet and Jameson cell. This paper describes the flotation machine characterisation database and discusses the variation between different types of industrial flotation machines, in operating production circuits.

Aug 24, 2022

A company tax rate based on profitability return, or as more commonly expressed, a resource rent taxation scheme has been intro- duced at various stages in the past by both Australian state and commonwealth governments. At present a number of overseas countries are applying this form of legislation to the taxing of sections of their mining industries. Within this study, ways in which this type of tax has been used are examined. The form in which the tax can be applied varies. 1. It can be selectively or universally applied. 2. The base on which economic return is calculated can be selected in a number of ways. 3. It can start operating only when high profit levels exist, or alternatively be the basis of a total taxation scheme. The implication for the Australian mining industry of the introduction of different types of resource rent taxation schemes is assessed within the context of previously enacted systems.

Jan 1, 1978

THIS SYMPOSIUM ON AUSTRALIAN BEACH SANDS IS MOST TIMELY; WHEN WE ARE APPROACHING PEAK PRODUCTION FROM THESE RESOURCES AND WHEN PRICES ARE GOOD, BUT THE RESOURCES CAN BE SEEN TO BE COMING TO AN END IN THE LIFETIME OF OUR YOUNGER COLLEAGUES - 20 TO 25 YEARS AS WE HEARD FROM ROY TOWNER TODAY. THE SPREAD OF PAPERS HAS BEEN 15 PERCENT EACH ON GEOLOGY AND THE MINERAL RESOURCES, WITH 25 PERCENT ON LAND USE AND ENVIRONMENTAL PROBLEMS. I AM PLEASED TO SEE 20 PERCENT HAS BEEN ON TREATMENT PROCESSES AND 25 PERCENT HAS BEEN CONCERNED WITH DOWNSTREAM USES. I SUSPECT THESE RATIOS ARE DUE IN PART TO THE WAY PAPERS WERE CALLED FOR, BUT THEY ALSO SUMMARISE CLOSELY THE BALANCE OF INTERESTS IN THE INDUSTRY. NOTE AGAIN; 30% CONCERNED WITH SUSTAIN -ING RESOURCES, BUT 25% WATCHING LAND USE AND IMPOSING CONTROLS; 20 % IMPROVING THE PRESENT PROCESSING, AND A HEALTHY 25% WITH AN INTEREST" IN WHAT HAPPENS TO THE MINERAL CONCENTRATES. I SHALL RETURN TO THIS FOURTH POINT AT THE END OF MY REMARKS. THE POSSIBILITY OF ADDITIONAL HEAVY MINERAL SANDS IN NEW AREAS WAS HINTED AT BY M.S. SHEPHERD (EG TERTIARY SHORELINES OF THE MURRAY BASIN). OLD FOSSIL SHORELINES, WELL REMOVED FROM PRESENT SHORES ARE AN IMPORTANT MINERAL SOURCE IN CHINA AND IT WOULD HAVE BEEN INTERESTING TO HEAR FROM THE SEVERAL COMPANIES EXPLORING IN THE MURRAY BASIN. I ALSO NOTICED THAT WHILST OUR MONAZITE

Jan 1, 1986

An Integrated Geology-Mine-Plant and Eco-Efficiency Simulator for Anglo Platinum's Evaluation and Operational Improvement Initiatives

Sep 13, 2010

By M J. Pejovic, I Miljanovic, A Milutinovic4, T Benovic, A Petrovski

The paper presents a model of a multigrade monitoring-management structure for support to decision making and management in real and extended time in mineral processing (MP). The model was created as a result of a long-lasting research, design and development of mining, computer integrated monitoring-management systems. Apart from the general explanations, the authorsÆ state in the introduction that efficiency of a system for support to decision-making and management in mineral processing is more difficult to achieve by conventional approaches, than by the fuzzy logic approach. Starting from the multiphase structure of process flows in MP, the following are process and monitoring-management oriented graphs. The graphs served as a foundation of the multigrade hierarchical fuzzy model for support to decision making and management in MP. Following the example of the monitoring-management system of the æRudnikÆ mine flotation plant, fuzzy logic implementation was shown. The key conclusions of the paper are that fuzzyfication of layers of the decision making and management model has full justification due to the complexity and dynamics of mineral processing processes, complications and often insurmountable difficulties concerning the precise description of real systems by conventional mathematical tools, variability of external influences, and the (general) non-linearity of the MP processes management criteria functions.

Sep 26, 2011

The C.S.A. copper lead zinc mine, located seven miles north of Cobar in Central Western New South Wales, is the largest known mineral occurrence in the Cobar Mining Field. Hosted by the steeply west dipping, west facing sediments of the Cobar Group, the generally discordant orebodies occur within a strike width of 600 ft and an overall strike length of 1200 ft. They comprise lenticular steeply north pitching and east dipping zones of sulphide mineralisation which range in composition from massive pyrite-sphalerite-pyrrhotite--galena to less massive pyrite- pyrrhotite-chalcopyrite varieties. The thinly bedded siltstones, shales and graywackes hosting the mineralisation appear to have derived many of their constituents from volcanic sourcesä They have been metamorphosed to the greenschist facies of regional metamorphism. At least two stages of deformation and folding have occurred. The first stage folded the rocks on a south pitching fold axis into their present configuration, and super- imposed a strong axial plane cleavage which subsequently guided the emplacement of the mineralisation. The second stage of deformation is considered to have controlled the zonal distrib- ution of the orebodies and the appropriate fold axis appears to coincide with the long axis of the orebodies.

Jan 1, 1969

By A Dix

Fire suppression systems are but one of the many technologies currently available to manage operational tunnel risks. However, the actual reasons for their use are often shrouded in mischievous discussions of the marketing variety.The international tunnelling community still stands divided on the merits (or otherwise) of fire suppression systems. For some the debate focuses on their cost compared to the theoretical benefits they bring to human safety.Long standing concerns about their potential adverse effects in an emergency are often at odds with the experience from tunnels which use them. High installation and operational costs are cited as reasons not to use them, yet toll road operators and insurers increasingly use them as a risk mitigation strategy for toll revenue protection.Fact or fiction, myth or reality, should such systems be seriously entertained or are they just another expensive gadget in the escalating array of expensive toys for modern tunnels? Ultimately this presentation argues that they have their place as a risk mitigation measure to achieve a range of objectives. The exact circumstances for their use ultimately fashioning their design and operational characteristics. This is an abstract only. No paper was prepared for this abstract.

Mar 8, 2011

By J Li, J Regan, D Payne

The Caval Ridge Mine is an open cut coalmine and located within the Bowen Basin region in Central Queensland, and commenced mining and processing operations in 2014. A number of geotechnical challenges for managing dragline bench and lowwall stabilities have been encountered in both southern and northern pits over the years. Southern Pits contain steep seam dips of up to 15° (27 per cent) whilst the northern pits also have shears below pit floors. Geotechnical guidelines to manage the risk of dragline bench failure and lowwall instability have been developed and improved since these geotechnical challenges were identified. The dragline guidelines include dragline tub offset distances from the 60° Line (SDL) or buttressing thickness for different seam dips greater than or equal to 8°. The low wall stabilisation guideline established floor disruption widths and depths depending on seam dips and presence of floor shears to known depths of up to 3 m. As mining operations advance, lowwalls have remained stable until floor disruptions were fired, then returned to stable soon after the shot. The maximum distance of lowwall cracking with blasting has been as far back as the second spoil peak (the prestrip truck dumps construction limit). These failures need to be eliminated to allow the operational flexibility and haulage benefit of constructing the prestrip truck dumps behind the first spoil peak, while maintaining no risk to personnel or equipment. The floor shear depth was verified by collaborating with the exploration teams and taking advantage of the already planned 8-inch coal quality core holes, drilling them an extra 5–10 m past the coal seam floor and locating the shear presence. With this continuous improvement effort, no lowwall failures have occurred during floor disruption firing from the second strip after the new floor disruption depth guidance have been applied. This paper documents the processes for developing these geotechnical guidelines, operational implementation, and outcomes. Operational applications over the years confirmed that these guidelines have effectively managed the dragline bench and lowwall failure risks related with the steep seam dips and floor shears in this open cut coalmine.

Nov 29, 2022

The results from three quick methods for the determination of W03 in scheelite ore samples, mill products and concentrates were compared with gravimetric results and tested with standard samples to establish which was the most reliable. Summaries of the methods, two X-Ray fluorescence and one colorimetric, are given. The best method was X-Ray fluorescence, with samples cast as glass discs.

Jan 1, 1988

By S Bluhm, R Funnell

Creative mine-designs are constantly being applied in the deep platinum mining industry in South Africa. Recently, this has resulted in deep hot mine-designs including room and pillar, bord and pillar or stall and pillar layouts and the use of in-stope trackless mechanisation. In these mines, the ventilation systems use refrigerated air and high fan pressures and as a result ventilation leakage can have a huge impact. Leakage is a serious impediment to cost-effective operation and potential leakage in future projects is a major factor in judging project viability. This paper describes certain mine layouts and quantifies the extent of the leakage. Based on typical field data, a range of seals from ævery poorÆ to ævery goodÆ was defined and used to estimate overall leakage. Within these mine networks the ventilation pressure, temperature and density all vary significantly and with the multiplicity of leakage paths it was necessary to make use of the VUMA-network simulation package. For the examples examined, the leakage was found to be up to 85 per cent for æpoorÆ category seals and up to 50 per cent for ægoodÆ category seals. The total air flow (and refrigeration) requirements grow exponentially with strike distance due to the compounding effects of higher pressure and more leakage paths. It is shown that beyond certain depths and strike distances the leakage will become so great that it will be impossible to operate cost-effectively û even with ægoodÆ seals. Indeed, in these examples the projects were not considered viable in their original format because of the high ventilation-cooling costs and the mine-designs were modified to include footwall drive systems û the cost of which was justified by the reduced strategic risk to operating ineffectiveness due to leakage.

Jan 1, 2005

By Shklyar FP, Babushkin NM, Bokovikov BA, Fedotov PB

A mathematical model for gas flow dynamics and heat and mass transfer processes occuring in the tuyere raceways and in the zone of the final for- mation and heating of pig iron and slag has been developed and simulated on a digital computer. It takes into account the formation and size of the raceway zones, combustion of coke and its substit- utes, oxidation of the metal, radiation from the gases to the raceway boundaries, physical heat losses and the direct reduction of the pig iron elements below the raceway zones. To evaluate the distribution of heat produced by the oxidation of metal between gases and prod- ucts of smelting, the problem of heating the mat- erials in the raceways with the sources of heat in the materials under conditions of intensive gas circulation in the raceways is solved. To determine the amount of heat transferred by radiation from the gas to the boundaries of the raceways, the problem of radiant heat transfer be- tween two grey bodies forming a closed system is solved. Using the structural parameters of the furn- ace, the inlet parameters of the combination blast and exit parameters of the melt, the model permits the calculation of the temperatures of materials entering and leaving the raceways and also the res- idual temperature of the gases, which qualitatively differs from the theoretical combustion temperature. Analysis of the operation of several different blast furnaces has shown that the overall picture of the interaction between gas flow dynamics, mass and heat transfer processes occuring in the race- ways and in the zone of final product formation, obtained with the aid of the model, now permits us to approach from a different position the deter- mination of the limiting factors in furnace operat- ion. It also allows us to explain certain phenom- ena observed in blast furnace practice and to dis- cover new relationships which may be used in analy- sis and control of the smelting process.

Jan 1, 1981

By M Revell, B Sainsbury, D Sainsbury

This paper extends the existing knowledge associated with the design and placement of prefabricated pastefill barricades through a consideration of asymmetric drive geometry and conditions. The load capacity of prefabricated barricades and their failure modes are considered in relation to abutment geology and barricade geometry that includes curvature and span and drive geometry that includes abutment angles, haunch angles and misalignment. Design charts are provided for typical barricade sizes to provide general guidance for design capacities and optimising location placement based on asymmetric drive geometry. A recent barricade failure is considered in relation to the drive geometry and the potential impact it had on the installed capacity.

Nov 29, 2022

By Moore A. J, Evans R

Blast vibration control and assessment techniques have been developed which supplement traditional charge mass scaling methods. The improved techniques, which can be used to predict air and ground vibration levels at the planning stage, and to assist in the control of blasting operations, have reduced the level of operating risk concerning blast vibration. In addition to such factors as charge mass, distance and blast vibration levels, these additional techniques take account of orientation of the blasting face, topographic shielding, wavefront reinforcement, and meteorological conditions. They have assisted in compliance with specified blast vibration levels for environmental licence and mining lease conditions, the reduction of blast vibration nuisance to residents in the area surrounding a mine, and control of building and rock structure response in adjacent areas on the mine lease area.

Jan 1, 1994

By Mishra S. N, Mishra R, Sen P. K

Control of silicon in produced through the submerged-arc furnace can result in reduced power and coke consumption in addition to improving the quality of the hot metal. A thermo-chemical analysis of the production of ferro-chromium was carried out to devise strategies to control the recovery of silicon during the manufacture of ferro-chromium. The presence of three thermochemical zones in the furnace with respect to the reduction of silica was recognised from this analysis. Any strategy for the control of silicon recovery has to take cognizance of these thermochemical zones. The effect of various strategies on the silicon level in the hot metal have been evaluated. Possible strategies, such as the reduction of coke level in the charge; the replacement of quartz; pre-reduction of the ore and the control of the temperature profile are discussed in this paper.

Jan 1, 1999

By Z Chang, S A. Mrozek, S Windle

"An EXTENDED ABSTRACT is available for download. A full-length paper was not prepared for this presentation. It is important to understand skarn-porphyry transitions in order to use exposed skarns to look for associated and potentially larger porphyries. For such purposes, a good start is to understand the transition between porphyry and skarn in known deposits. In this contribution, we report the transition at Antamina, Peru, where skarns occur in and around a Miocene complex comprised of more than seven porphyritic intrusions. There are three types of skarn-porphyry relationships. The earliest intrusive phase, P1A, contains both endoskarn and porphyry-style quartz veins with secondary biotite halos. The porphyry quartz veins and endoskarns formed at the same time. Locally, the intrusion contains only endoskarn without porphyry quartz veins and is surrounded by exoskarns in carbonate wall rocks. In the third scenario, later porphyry (P2) intruding into P1A porphyry and skarns related to P1A contains abundant granular quartz veins and secondary biotite alteration but does not have significant endoskarn. The granular quartz veins also extend into earlier P1A skarns. The scarcity of endoskarn associated with P2 is related to the supply of Ca. The earliest P1A intrusion intruded into carbonates that supplied abundant Ca, therefore both endoskarns and exoskarns formed. In contrast, where the wall rocks of the later P2 intrusion are P1A or skarn related to P1A, there was little free Ca, therefore only porphyry-style quartz veins formed.CITATION:Chang, Z, Mrozek, S A, Meinert, L D and Windle, S, 2015. Skarn-porphyry transition – an example from the Antamina skarn, Peru, in Proceedings PACRIM 2015 Congress, pp 409–414 (The Australasian Institute of Mining and Metallurgy: Melbourne)."

Mar 18, 2015