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Portfolio management tends to separate the functions of Asset Allocation and Stock Selection, so the person responsible for reviewing an expert's report on a company would typically be choosing between companies rather than between a company and cash or bonds. How these choices are made depends on the investment time horizon, philosophy and style. Two styles, momentum investing and value investing are contrasted and the role of valuation methods within the framework of each style is evaluated. Finally, pricing is distinguished from valuation.

Jan 1, 1994

By Churchill M

One of the significant changes which has occurred in the flotation sector of the minerals industry, over the last two decades, has been the successful development of the very large flotation machine. The last twenty years has seen the volume of the individual cell, available to the industry, increase by a factor of ten. Today, new mills, and existing mill modernization plans, can consider individual cell volumes as large as 85 m3 with the certainty that the metallurgical performance capability of the large machine is inherently as efficient as the smaller machine. The large flotation cell offers benefits to the user such as reduced floor space, lower total power, process control simplification, and reduced maintenance. However, the flotation machine size selection process, based on overall installation economics, must include such factors as process tonnage, flotation kinetics characteristics, and metallurgical performance objectives. This paper discusses the flotation machine size and circuit arrangement selection based on both metallurgical performance and economic considerations. A computer based flotation kinetic analysis technique, which has proven valuable in quantifying the metallurgical response of flotation circuits having different cell sizes and number, is utilized to illustrate the selection of cell size and arrangement best suited to a client's Requirement.

Jan 1, 1991

By K Williams, G M. Evans, S M. Iveson, K P. Galvin, C E. Loo

The Australian Research Council (ARC) has recently established an Industrial Transformation Research Hub in the area of iron ore, focused on iron ore characterisation, beneficiation, materials handling and end-use functionality. The research hubs are part of a new initiative aimed at building stronger relationships between industry and universities, while addressing issues of national significance. The ARC Research Hub for Advanced Technologies for Australian Iron Ore will focus its attention on developing innovative approaches for creating enhanced value across the full value chain through the characterisation of different ore types, beneficiation and materials handling and transport. This hub brings together five industrial organisations and a research team formed from well-established research groups based at the Newcastle Institute for Energy and Resources. These groups have a record of working closely with industry to create opportunities. Examples include new beneficiation technologies such as the Reflux Classifier for achieving gravity separation, the expertise of TUNRA Bulk Solids in materials handling and the Iron Making Centre at Newcastle, which is a capability maintained by BHP Billiton following the closure of its Technology Centre in 2009. The purpose of this paper is to provide an outline of the research hub and its objectives, some background on the research groups that now form the hub and an insight into the strategy adopted for developing and implementing new technologies. The paper also describes a range of novel technologies that have the potential to be developed and applied to iron ore beneficiation.CITATION:Galvin, K P, Roberts, A, Loo, C E, Evans, G M, Williams, K and Iveson, S M, 2015. Australian Research Council research hub for advanced technologies for Australian iron ore – an introduction, in Proceedings Iron Ore 2015, pp 7–12 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Jul 13, 2015

By I Basson, J A. Miller, M Becker, F C. de Beer, L C. Bam

"Geometallurgy brings together geologists, mine planners and process engineers to extract meaningful mineralogical and textural information from an orebody, with a view to predicting its metallurgical response. Preferably, automated analytical techniques, which provide mineralogical and textural information, should process a large number of samples quickly, relatively inexpensively and reliably. Microfocus X-ray computed tomography (µXCT) is capable of producing 3D volumetric information on texture and mineralogy that satisfies some of these criteria. µXCT has been used extensively to study the porosity and internal pore structure of iron ore pellets as part of downstream processing. It has not been widely applied to earlier mineralogical and textural analysis of unprocessed ore, due to the limited ability of X-rays to penetrate high-density samples. In this contribution, we propose scanning methods to overcome this limitation, thereby facilitating a broader application of µXCT to iron ore resource management.CITATION:Bam, L C, Miller, J A, Becker, M, De Beer, F C and Basson, I, 2016. X-ray Computed Tomography – Determination of Rapid Scanning Parameters for Geometallurgical Analysis of Iron Ore, in Proceedings The Third AusIMM International Geometallurgy Conference (GeoMet) 2016, pp 209–220 (The Australasian Institute of Mining and Metallurgy: Melbourne)."

Jun 15, 2016

The process of mine planning at AnacondaÆs nickel and cobalt laterite operation located at Murrin-Murrin in the Northern Goldfields of Western Australia is carried out in a number of stages in an endeavour to determine the optimum mining sequence in order to maintain supply to the 4 Mtpa plant subject to operational constraints. The 296 Mt @ 0.99 per cent Ni and 0.064 per cent Co ore reserve (based on a cut-off grade of 0.8 per cent Nickel) is spread geographically widely over three regions comprising Murrin North (15 km + 15 km), Murrin South (7 km + 16 km) and Murrin East (5 km + 13 km) (refer Figure 2). The nickel mineralisation has been broken up further within each region into 18 separate manageable block models representing the 32 different deposits. The models are based initially on the 50 m + 50 m resource drilling for long term planning and updated with 12.5 m + 12.5 m grade control drilling prior to mining. Each of the individual block models are optimised using Whittle 4X software to provide the shells used as the basis for each of the 126 pit designs. The pits are generally nested with starter pits targeting the higher value shells with subsequent pits incrementally cutting back ultimately to the life of mine shells. A series of steps including: the coding of the individual pits into the block model; data export; TCL scripting (to calculate additional economic and tracking information); importing; and re-blocking; completes the transfer of the data into a MineMax (mixed integer linear programming schedule optimising software) model. Using MineMax and the application of operational and production constraints allows the optimisation, assessment and economic evaluation of alternative scenarios in order to determine the optimum life of mine plan and schedule.

Jan 1, 2003

The Yabulu refinery of Queensland Nickel Pty Lld near Townsville now imports more than three million wet tonnes per year of nickel laterite ore from New Caledonia and Indonesia, making it the largest importer of any commodity in Australia. The project has illustrated that importing untreated bulk ore and re-exporting high value products makes good economic sense for the company and the nation.The economics of this exercise were considerably enhanced in 1994 by changing the project's principal product from nickel-oxide sinter to refined high-purity nickel metal. It is one of the few operations in the world where nickel ore is transformed to nickel metal at a single site.Several novel technological processes were developed at Yabulu and incorporated into the refinery to allow this product transition to occur. By utilising internally developed technology the new processes were installed at a capital cost of less than $10 million. It is unique for a large nickel producer to change completely the quality of its entire product range many years after the plant was constructed and considerable attention to marketing the new products has been required.The changes have meant that the project is no longer limited to selling lower-value oxide sinter to a relatively small number of large stainless steel mills. In the past year sales of the new high purity nickel metal products have expanded to include a broad range of international customers in the special alloy, foundry and chemical industries.

Jan 1, 1995

During the post war era, the requirements of the "Third" World for modern civil works, energy and industry, coupled with an insistence that these capital installations are understood and controlled by indigenous people, have crea- ted a demand and flow of technology from those countries with well developed skills. Thus has grown a real trade in technology - an activity in which consultants play an important role. An indication of the magnitude of this trade is given, together with an outline of some of the special problems. Australia is shown to be dis- advantaged and has been slow to offer the incen- tives to consultants which other countries offer.

Jan 1, 1975

By Chaturvedula V. K

Pillar extraction carried out using various methods (split and lift, Wongawilli and Old Ben) involves the formation of narrow fenders (commonly 7 m of coal) formed by driving "splits" for lifting off with a continuous miner. The strata above a split and fender adjacent to the goaf consists of a cantilever beam (usually >3 m thick) that extends from the solid coal and bridges across the fender. Lifting off the fender from the split in safe conditions depends upon the bridging capability of the cantilever and the fender strength. The nature and competence of the immediate and near roof, the support capability of the coal fender and the presence of faults and or joints can adversely affect the bridging behaviour of the cantilever. Insufficient knowledge of these parameters can lead to extraction under dangerous conditions. Remnants of fenders ("stooks") also support the cantilever and their dimensions are critical to obtain regular caving and goaf falls. Stook area, goaf roof span and roof stand-up time after lifting can be related and only a relatively small increase in stook area of 10-15 m2 can lead to a significantly increased stand-up time, especially under a massive roof. Such conditions strongly influence the re- distribution of abutment stresses and can create increased outbye pillar loading. Based on detailed underground geotechnical investigations, it is concluded that strata caveability, roof cantilever behaviour, fender H:W ratio and remnant stook size are all critical parameters for successful and safe pillar extraction.

Jan 1, 1992

By Mahony BK

This paper discusses the major infrastructure elements required to support a typical Australian mining development. Infrastructure elements are grouped into four major types, urban planning, transportation, power and communications and water supply. The design criteria applying to individual elements within these groups are briefly discussed as well as order of magnitude cost estimates. The use of simulation models to test the capacity of existing rail networks, as well as novel sources of energy generation, are also described.

Jan 1, 1983

The direction taken by mineral processing in the next 20 years will be determined by sharing of Australia's resources to fill world needs; by the low energy costs in Australia; by environmental considerations; and by Re- search and Development contributions. Examples of the interplay of these factors are given by consideration of eight minerals.

Jan 1, 1981

By N Donnellan

The Palaeoproterozoic Warramunga Formation is notable as the host to the enigmatic, so-called 'Tennant Creek style' mineralisation. These polymetallic (but mainly Au-Cu-Bi) ore deposits typically have a close spatial association with massive ironstone bodies, and frequently also with banded ironstone, known locally as 'haematite shale'. The Warramunga Formation is a polydeformed, turbiditic succession. Partial, or complete Bouma sequences variously comprising lithic arenite, wacke, siltstone, and mudstone constitute a classic flysch sequence deposited as a proximal (sandstone lithofacies) to distal (siltstone lithofacies) fan association. The Warramunga Formation has a substantial component of volcanic detritus and has generally been attributed to an essentially contemporaneous volcanic provenance. However, lithostratigraphic revision (Donnellan, Hussey and Morrison, in press) apparently precludes outcropping volcanic rocks of the Tennant Creek Block, or indeed Inlier, as the source of detritus. Warramunga Formation geochemistry indicates rapid derivation from a fractionated, predominately felsic igneous source (Palaeoproterozoic upper crust) with a minimum of chemical weathering; together with an admixture of mafic material. Warramunga Formation geochemistry cannot, however, be reconciled with that of the Bemborough Formation, which is here taken to be representative of Flynn Subgroup felsic volcanic rocks. Similarly, the Warramunga Formation is geochemically distinct from Flynn Subgroup sedimentary rocks. Geochemistry of the banded ironstone is consistent with its interpretation as Dine-grained turbidites.

Jan 1, 1994

By Carr SD

The Omineca Belt of the Canadian Cordillera straddles the western boundary of the North American paleocontinental margin and accreted oceanic and island arc terranes. Crustal thickening of the orogenic belt was initiated in the Jurassic and culminated in latest Cretaceous and Paleocene times.Thin-skinned shortening of the Rocky Mountain Foreland Thrust and Fold Belt was balanced by basement-involved crustal imbrication within the Omineca (hinterland) Belt. Middle and upper crustal rocks of the hinterland (Selkirk allochthon) were thrust eastward and ramped onto basement of the North American continental margin. By latest Paleocene the southern Omineca Belt formed an elevated crustal welt that was at least 60 km thick.Within less than 3 Ma of the culmination of crustal thickening the belt was rapidly uplifted and tectonically denuded. The southern Omineca Belt was extended by as much as 80% as upper crustal rocks were displaced on moderate to low angle normal sense shear zones and brittle normal faults. This oro-genic collapse is interpreted to be a gravitational response to crustal thickening and thermal soft-ening, facilitated by reduction in plate-boundary-induced far field stresses.

Jan 1, 1990

Railway cuttings require the highest care in design and construction, as the pro- bability of failure concept does not allow any risks to be taken with hundreds of lives being dependent on continued stability. The usual geological influences on stability such as bedding dip and faulting are often discus- sed, but other major problems may come from the presence of sheet joints, cross joints differential weathering and seasonal or daily changes of ground water level. The design of rail cuttings has taken little note of the problems imposed by cons- truction methods, and low cost quarrying methods may seriously weaken a designed shape. The presence of berms and drainage ditches is often difficult to achieve as blasting imposes cumulative stresses and jointing on rocks. Contractors face difficulties in bidding extensive rock cuttings as variations in rock properties are often concealed and overshoot- ing the toe of a batter can easily occur. Modern blasting methods offer some solutions, but the best guide to safe successful cuttings is extensive investigation and the continued involvement of engineering geology at the stages of feasibility, design, construction and maintenance. Two case histories show the influence of folding, faulting and construction methods in the case of slope failure and slope stability.

Jan 1, 1979

One of the great attractions of academic life, for those who enjoy the opportunities of university teaching, is the continual contact with some of the most able young minds which each rising generation produces. So when I was asked to give a paper at t

Jan 1, 1994

By Muto S, Okada S

At Tamano Smelter, part of the furnace settler is electrically heated by electrodes placed internally. This practice provides good control of the settler conditions. The authors have been investigating improvements in furnace operations, especially to decrease the copper content in the slag discarded from the settler. The important operational points on the control of magnetite in liquid matte and slag are discussed on the basis of the thermodynamic calculation method developed by Prof. S. Goto. The behaviour of magnetite in the practical furnace has been studied by using a torsion magnetometer and a solid electrolyte oxygen-sensing cell.

Jan 1, 1980

By A H. Hofstra, G P. Landis, P Emsbo, A G. Hunt

Models of the evolution of the hydrothermal systems that form porphyry Cu (Mo-Au) deposits are compromised because aqueous magma-derived fluids in the ore zones of most deposits have changed from their original magmatic compositions as a result of cooling, depressurising, mineral precipitation, brine-vapour unmixing and fluid-rock reactions. However, in deep quartz-rich, sulfide-poor veins from numerous porphyry type deposits, we have identified parental fluids trapped in inclusions at near magmatic temperatures and pressures above the brine-vapour unmixing solvus. We have analysed these inclusions for bulk salinity, density, solute chemistry, helium isotopic ratios and elemental composition. These parental inclusions contain 35 - 70 volume per cent bubble, are low to moderate salinity, contain up to ten mol per cent CO2, and commonly contain a chalcopyrite daughter crystal. Our results indicate that these Cu-rich fluids transport Cu from a plutonic complex below upward into a hydrothermal system, where decompression, cooling, unmixing and water-rock reaction drive ore-mineral precipitation. Na/Cl ratios greater than one indicate that in addition to chlorine, sulfur and/or carbonate must play a key role in Cu transportation. Helium isotope ratios indicate that between ~15 and 100 per cent of helium in these fluids is mantle-derived. We suggest that in addition to He, volatiles from mafic magmas in the mantle are also likely to supply CO2, Cu and S to the fluids that form porphyry copper deposits. An EXTENDED ABSTRACT is available for download. A full-length paper was not prepared for this presentation.

Jan 1, 2008

By B Oostendorp, R van der Merwe, P

In order to assess whether polysaccharide depressants are strongly or weakly and reversibly bound to the surface of talc, a series of experiments was conducted on New York talc in which the floatability of the talc in a microflotation cell was determined. The talc was conditioned in solutions of carboxymethyl cellulose (CMC) or guar gum in 10-2 ionic strength Ca(NO3)2 or Mg(NO3)2. The talc was then washed with four successive aliquots of water, or cation solution, to try to remove the polymer and the flotation response of the talc was assessed. CMCs of different charge (DS) were used to assess the effect of charge on the strength of bonding. The results show that CMC and guar gum could be removed to a large extent from the talc surface by washing with water (the floatability was restored), however very little could be removed from the surface by washing with cation solution. The higher charge CMC was easier to remove from the talc planes in the absence of cations than the lower charge CMC. Thus CMC bonding to talc has been shown to be irreversible or very slowly reversible only if cations are present, implying that cations are necessary to keep the polymer bound to the surface of the planes to effect depression. The presence of ions in solution also had the effect of maintaining surface coverage of the talc by guar gum.

Jan 1, 2005

By R Badreddine, J Rose, L De Windt, P Chaurand, L Raimbault

Municipal solid waste of incineration (MSWI) bottom ashes are recycled as aggregates in civil engineering. These heterogeneous materials are composed of crystalline and glassy solid phases which contain trace metals, presenting a potential risk to the environment. Secondary ion mass spectrometry (SIMS) can provide quantitative chemical information, in particular the localisation of metals at trace level. Unstable glassy phases formed during incineration are present in relatively high proportions. Their analyses suggest a continuum between melilite-bearing glasses and dark glasses enriched in iron with abundant spinel aggregates. These primary glasses are enriched in zinc (~4500 ppm) but depleted in lead (~800 ppm) by comparison with the bulk chemical composition and reference materials. Heterogeneous cementing and encrusting admixtures on coarse grains are studied in a second step. SIMS imaging suggests a superposition of band zones including an intermediate layer enriched in iron oxyhydroxides and a superficial layer with calcium accumulation. A strong spatial association between lead and iron is systematically observed. Extended X-ray absorption fine structure (EXAFS) supports these observations by demonstrating that lead co-precipitation within iron oxyhydroxides, or sorption on their surfaces, may be a main containment process in the cementing and encrusting admixtures, whereas lead speciation is globally more complex in MSWI bottom ash.

Jan 1, 2008

To finalise the arrangement and details of the headframe to be erected over the new No. 3 Shaft, the haulage and winding equipment requirements were first determined, then tentative designs were prepared to cover the needs of general shaft servicing work for men and materials, mullock and ore handling, and the probable requirements of a breaker station to be built adjacent to the headframe, which would provide for the crushing of the run-of-mine ore down to a size which would be suitable for feeding on to the concentrating mill.

Jan 1, 1957

A formalised approach to risk management has been regulated in the United Kingdom (UK) since the Construction (Design and Management) Regulations 1994 (CDM) came into force in 1995. These regulations have recently been revised in 2007. In response to a series of significant claims around the world the UK insurance industry published a code of practice for risk management of tunnels in 2003, and that was followed by an international version in 2006. Probably one of the main contributions of this new approach is the recognition that health and safety risks can best be addressed early in the process, initially by the owner and then by the designers. One of the aims is to achieve elimination of risks by good design. The advantage of a risk-based approach to tunnel design is that all risks are considered explicitly, and any residual risks in the design are communicated clearly to the construction team. This paper looks at the implementation of this formalised approach to risk management with reference to the A3 Hindhead Project. The design has been undertaken in accordance with the requirements of the CDM regulations, and also in compliance with the Joint Code of Practice for Risk Management of Tunnel Works in the UK. An outline of the risk-based design process used is provided, including examples.

Jan 1, 2008