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The objectives of this paper are two-fold. First, it will show what problems can arise when single estimated values are substituted for a distribution of values when evaluating an open pit mine project in the face of uncertainty. Secondly, it will show how the ability to deal with uncertainty and risk in mine project evaluation can have a significant impact on the ownersÆ and stakeholdersÆ investment decision-making. Here a new mine evaluation framework, the integrated valuation/ optimisation framework (named IVOF), is introduced as an alternative tool for mine project evaluation where uncertainty and risk are incorporated in the evaluation process.

Jan 1, 2009

I HAVE to thank the members of the Institute most cordially for the honour conferred upon me in selecting me President, which position my poor services have prevented my filling adequately. I have, therefore only been able to stumble through my year of office under the guiding direction of our esteemed Secretary. I fully appreciate the honour done to me; and, now that it is over, I can look back with pride and pleasure at having occupied the chair; but I am told that it remains for me to fill one of the requirements of our Institute and present you with what has been dignified by the name of a presidential address. My relief in complying with this is in the knowledge of its freedom from the usual discussion which appertains to papers presented by our worthy members. It has been usual in the past for the subject chosen to be specially connected with the work immediately engaging the attention of your president, and on this occasion I would like to break away from this time-honoured custom and engage your attention for a brief space on what is equally dear to us all namely, Ideals of the Profession. In doing so, the retort of Whistler to an art student gives me, I must admit, much misgiving, for, on being asked how he developed his artistic talents, replied that he painted what he saw, which produced the immediate reply, "Ah, but the tragedy will come when you see what...

Jan 1, 1909

An extensive series of tests was carried out on a ball mill-rake classifier circuit in the New Broken Hill Consolidated Ltd. concentrator. The data were used to develop a mathematical model of the operation of a rake classifier and this model has been used in the simulation of the performance of a ball mill-rake classifier circuit on a digital computer. As a result of this simulation it has been possible to develop a technique for the optimization and control of a circuit which includes these units.

Jan 1, 1967

By Lee T. J

The area, A, under a gamma-ray log that passes through a horizontal bed given by: A = gl/k. Here is the equivalent concentration of U3O8 in the body, l the thickness of the body, and k the calibration factor or sensitivityof the logger. The area is independent of the logging speed or logger time constant.This relationship, together with the first moment about the maximum of the log and its value there suflicient to determine the thickness, position of the centre of the bed from the log maximum and the concentration of U3O8.Numerical results obtained from artificial and field data show that the computed results arc as good as those obtained by methods such as the inverse filter technique and the iterative method. The present method yields results that arc easier to feed into an ore reserve data base.

Jan 1, 1981

THE art of mine surveying has made very great progress in recent years, and is still advancing, perhaps faster than any other branch of surveying. The scope of the mine surveyor's duties has greatly increased, his instruments and methods have improved, the responsibility of his position is greater, and the end is not yet in sight.It might be supposed that such a steadily growing subject would have an adequate literature, but this is by no means the case and outsiders commonly judge mine surveyors by their text-books. Hardly any condemnation can be too strong for most of these books. The English books truckle to the antiquated and crude methods apparently still in use in England, and thereby largely aid in perpetuating them; they commonly in illustrative examples give the distances in fathoms, feet, and inches; they spend page after page discoursing on instruments that should have been forgotten long ago; they try to antagonize theory and practice by detailing such calculations as that a certain vein will contain 2,003.907 pounds of galena per square fathom, and then reduce this amazing quantity to hundredweights, quarters, and pounds. Nothing can be more unscientific, or, for that matter, less businesslike, than unwarranted assumptions of accuracy; it is, perhaps, the greatest curse of applied science. Here we have a calculation to thethousandth part of a pound, when there is probably an unavoidable error of two hundred pounds. What shall we say of a man who explains how to measure the depths of shafts to the hundredth part of an inch by means of short brass rods screwed together...

Jan 1, 1909

By P G. Self, M D. Raven, R A. Eggleton

Investigation of an abandoned quarry near Rowland Flat in South Australia identified asbestiform antigorite as the fibrous serpentine mineral mined during the 1940s to 1978 for filler applications, not amphibole asbestos or chrysotile as reported in earlier investigations. Scanning and transmission electron microscopy (SEM and TEM) and selected area electron diffraction (SAED) of individual fibres were used to confirm the identification. Chrysotile is widely regarded as the only asbestos mineral in the serpentine group. Further work was done therefore, on the geology and mineralogy of the occurrence, and the health implications were reviewed. A zone of antigorite alteration, with associated talc, is traceable for 750 m along strike of recrystallised dolomitic siltstone within Woolshed Flat Shale of Neoproterozoic age. The antigorite formed, in part, by replacement of prismatic crystals of probable tremolitic amphibole. The deposit is proximal to the Williamstown Fault and the serpentine-talc alteration is possibly due to fluids expelled along the fault during late-stage deformation in the Early Palaeozoic Delamerian Orogeny. The antigorite comprises white to pale green bundles of lath-shaped fibres that occur either as randomly- arranged equant patches after amphibole or as cross-fibre veins, both intimately mixed with calcite. Highly fibrous product was mined from the weathered zone where calcite was leached during weathering. Gentle grinding releases fibres with a high aspect ratio (>10:1) that show a wide range of fibre thickness, including a significant proportion of fibres <0.25 ¦m width. Toxicological studies on fibrous antigorite from Poland and Italy indicate that the carcinogenic potential of this form of serpentine is similar to amphibole asbestos. X-ray diffraction (XRD) and fourier-transform infrared (FTIR) techniques readily distinguish antigorite from chrysotile. Determination of asbestiform habit and confirmation of antigorite mineralogy is most reliably done using electron microscopy, preferably with SAED capability.

Jan 1, 2008

By Becerra J. O

HYL developed a direct reduction process (DR) that does not require a reformer; it is called self-reforming process. Typically, direct reduction processes based on natural gas utilise a reformer unit to transform the natural gas into reducing agents (hydrogen and carbon monoxide). The reforming reactions are: CH4+H20-?3H2+CO CH4 + CO2 - 2H2 + 2CO These reforming units require a catalyst agent to promote the kinetics of the reforming reactions. The catalyst for these reactions is typically a metallic element such as nickel in a ceramic matrix; iron is also an excellent catalyst for the reforming reactions.

Jan 1, 1999

For a large scale open pit mining and concentrating operation, on a low-grade disseminated ore body, it is possible to set an approximate lower bound on economically feasible operating scales and an approximate upper bound on economically desirable scales in a relatively straight forward manner. The optimum scale ofplanned operations, with respect to the objective ofmaximisation ofthe net value ofthe orebody, will have to be arrived at by iterative planning runs, but it may be expected to lie close to this upper bound. The effects of infrastructural costs and of the addition of a risk premium to the cost of capital, to form the discount rate for planning purposes, are considered theoretically and by worked example. It is concluded that a perceived special, unsystematic, risk should not be accounted for by the use of such a risk premium as this is inducive to placing a greater amount of investment capital at risk, for no greater return-rate to investment.

Jan 1, 1986

In redesigning the cyanide plant at Mount Torrens, in conjunction with Mr. L. W. Grayson, the manager, several minor alterations were introduced in order to have the operations under thorough control, and these having proved serviceable may be of sufficient interest to merit a description here. The lixiviation vats, though only 8 feet in diameter, were retained, but the pipes leading away from the bottom were reduced from two inches to half-an-inch in diameter, and had a fall to the zinc boxes of about 4 feet. As these small pipes were completely filled by the solutions fiowing away from the vats, they exerted a suction equal to their fall and thus hastened the rate of flow, so that tailings containing a larger proportion of slimes could be treated than was possible where the larger pipes were used, as, there not being sufficient fiow of solution to keep the latter filled, no suction could be obtained with them. It was found that with'most of the tailings treated a sufficient flow could be obtained from the half-inch pipes when the taps on, them were only one-third to half open. The lower end of each of these pipes was connected by means on indiarubber tubing with the sille hole of 11 in aspirator bottle, and to the mouth of this bottle a few feet of similar tubing was connected, so that the solutions coming through could be directed into either of the fixed tubes leading respectively to the waste water tank the strong solution zinc boxes or the weak solution zinc boxes.In working the vats, the following method was found to give good results. While filling the vats with tailings the taps were left open, so that the water might drain off into the waste water tank the surface of the tailings was carefully levelled. When the strong solution was run in at the top, the air contained in the interstices of the tailings was forced through the half-inch pipe at the bottom as a strong blast, instead of, as I believe js usual, escaping by means of channels formed by it through the tailings, and thus tending, it would appeal, to render the disposition of the tailings less even and to make.

Electricity will play a major part in providing energy services in the 21st century. Ecologically Sustainable Development (ESD), that is accommodating the needs of the present without compromising the needs of future generations, will provide a focus for optimising the use of electrical energy. Environmental externalities may redefine the cost structure of electricity. Strong corporate environmental management will ensure that current environmental objectives are met and that future ones, identified by the ESD process and environmental externalities accounting, can be developed and implemented by receptive business managers. This paper addresses the current environmental issues of electricity production. It outlines a management strategy for the SECV becoming a community leader in protecting the environment. ESD is discussed in terms of using non-renewable resources wisely, extending their availability and putting in place mechanisms which ensure their ultimate substitution by renewable resources and conservation. The paper explores options for dealing with costing environmental externalities, particularly in relation to greenhouse emissions.

Jan 1, 1992

By P L. McCarthy

In an environment of accelerating capital costs, limited capital availability and strongly cyclic metal prices, there is a difference between a robust mining and processing operation and one that would maximise shareholder returns in an idealised world. A higher cut-off grade policy is likely to improve operating margins and may reduce the scale of operations and thus limit capital exposure. This will leave some metal in the ground, but it is marginal material which carries the greatest cost and risk exposures. Where do we draw the line?CITATION:McCarthy, P L, 2013. Is bigger better? Building market resilience into process plant design, in Proceedings MetPlant 2013 , pp 66-70 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Jul 15, 2013

By P Fullagar

Automated multi-sensor core loggers (MSCL) measure petrophysical properties of diamond drill cores, including gamma density, P-wave velocity, electrical conductivity and magnetic susceptibility. A Geotek MSCL system has been used to record petrophysical data on archival drill core from Cadia East Au-Cu porphyry deposit, New South Wales, Australia, for correlation with metallurgical parameters. P-wave modulus, calculated from density and P-wave velocity, exhibits a correlation with small-scale crushability (A*b) test results, and hence offers a means for æcontinuousÆ characterisation of ore crushability at Cadia East. Magnetic susceptibility has proved to be a good indicator of alteration styles, and is a possible indicator of crushability.

Jan 1, 2009

The assistance that can be gained by the use of aerial photographs in the geological examination of a mineral field is clearly illustrated by the results of a rapid reconnaissance survey of the newly-discovered Mount Fitton talc, deposits, situated in the north-eastern extension of the Flinders Ranges in South Australia.The talc deposits were found to occur about the margins of a large lenticular mass of dolomitic marble, interbedded with hornfelsic tillites and fluvio-glacial sediments of Upper Pre-Cambrian age. Aerial photographs show clearly the extent of the dolomitic marble on which the growth of a species of eucalypt-Eucalyptus Gillei-is prominently developed, and which assists in defining the limits of this relatively light-coloured formation. (See Fig. 1).Upon field investigation it was found that the talc, deposits are related closely to the margin of the dolomitic marble where the latter has been subject to minor folding and faulting. The deposits themselves have been formed by metasomatic replacement of schistose dolomite. The contact of the dolomite with the underlying and overlying glacial beds is also noteworthy for the presence of minor occurrences of copper, silver, lead and zinc minerals.An examination of photographs covering a wide area reveals an outcrop of a massive granite to the north-east of the dolomitic marble, Fig. 2, which was almost certainly responsible for the regional metamorphism of the dolomitic and glacigene sediments, and the source of the mineralising solutions.All these features, as well as the broader structural features of the area, which are extremely important in the understanding of, individual commercial depQsits, were quickly determined with the assistance of the photographs.It is useful, briefly to relate the procedure adopted in examining this recently developed field as an example which may be well worth following on other fields, even if exposures are not so clearly defined. The method to be outlined, of course, will be of maximum advantage. Where rock exposures are good, where the ore bodies are likely to be widely spread, and where such bodies are related to some major geologi-cal control. Typical of such deposits are pegmatitic, hydrothermal and related ore bodies associated with the periphery of an igneous intrusion, or ore bodies related to particular sedimentary horizons in a regionally metamorphosed province.Procedure.The first requirement is the preparation of a detailed reconnaissance geological plan of as large segment as possible of the potentially mineralised province. The use of aerial photographs is par...

Jan 1, 1950

By Ashley P, Neale T

Alluvial gold was discovered on Sudest Island in 1888, and by 1893, an official production of 10 000 oz had been won by expatriate miners from shallow alluvial and colluvial workings. Hardrock sources were located and while one was developed at Mt Adelaide, production is unknown. Sudest Island comprises mostly phyllites and lesser coarse grained rocks which are cut by metamorphic quartz veins and basic (locally shoshonitic) intrusives. Sheared and altered basalts and serpent- inites represent are believed to be elements of an ophiolitic suite inferred to be associated with metamorphic core complex development and thus similar to tectonic environments on Misima and the D'Entrec- asteaux Islands. No epithermal-style quartz suggestive of a target similar to that on Misima Island has been identified on Sudest. A hardrock source for the alluvial and colluvial gold is interpreted to be metamorphic quartz veins similar to those in the Bendigo- Ballarat Zone of central Victoria, possibly remobilising gold derived from the meta- sedimentary and meta-igneous rock pile. The present focus is on development of a small scale alluvial gold mining operation in conjunction with exploration for hardrock targets. This latter programme remains at a reconnaissance stage.

Jan 1, 1991

By X-F Zhao, J-W Li, L-P Zeng

"An EXTENDED ABSTRACT is available for download. A full-length paper was not prepared for this presentation. The formation of Kiruna-type deposits has been ascribed to either immiscible iron phosphate melt separated from silicic magma or precipitation from magmatic-hydrothermal fluids. The early Cretaceous Ningwu volcanic basin in Eastern China contains tens of Kiruna-type iron deposits. The orebodies are mainly hosted within the top zones of subvolcanic dioritic intrusions and along the contacts between these intrusions and adjacent volcanic rocks/strata.The orebodies are commonly associated with widespread brecciation and wall rock replacement. Magnetite formation was closely associated with extensive hydrothermal alteration that may extend kilometres, with both vertical and horizontal zonation. Field and textural data indicate that magnetite formed slightly later than albitisation but coeval with apatite and actinolite. Elemental analysis of magnetite and apatite from ores shows distinct features to those as igneous accessary minerals in the host dioritic intrusions, suggesting a genetic relationship to magmatic-hydrothermal processes. Magnetites have elevated TiO2 (up to 5 wt per cent) and V2O3 (up to 0.7 wt per cent), which implies that they are derived from incipient high-temperature magmatic fluids. It is concluded that the Kiruna-type deposits in the Ningwu basin most likely formed from high-temperature magmatic-hydrothermal fluids. The emplacement of dioritic intrusions into a subvolcanic setting likely plays a critical role in the development of Kiruna-type deposits.CITATION:Zhao, X-F, Zeng, L-P and Li, J-W, 2015. Kiruna-type iron deposits in the Mesozoic Ningwu volcanic basin, Eastern China – origin and relationship to subvolcanic dioritic intrusions, in Proceedings PACRIM 2015 Congress, pp 657–662 (The Australasian Institute of Mining and Metallurgy: Melbourne)."

Mar 18, 2015

Advances in Optical Image Analysis and Textural Classification of Iron Ore Fines

Sep 13, 2010

Since the end of World War n, many important developments have taken place in the investigation of the phenomenon of brittle fracture in mild steel. Fractures in certain classes of welded ships, in welded bridges, penstocks, etc., focussed a great deal of attention on the interrelationships of design factors, service conditions, and steel quality on the generation of catastrophic failures.Much publicity has been given these major failures, and there is perhaps a tendency to forget that mild steel, under certain conditions, as well known to behave in a brittle fashion in a wide range of everyday engineering applications.For instance, many who are connected with the haulage and lifting of heavy loads will be familiar with the bright "crystalline" fractures of crane hooks and chains which sometimes follow sudden jarring; those concerned with the heavy pressing and shaping of steel plate will not be unaware that at times sudden brittle splits or tears will develop for no obvious reason in, say, rolled pipes or in dishings.In fact it will be evident upon reflection that in many cases the conditions which mild steel has to withstand during processing into an engineering part or structure are more severe than those it wili be called upon to endure during service. In this sense brittle fractu;res in mild steel are much more frequent than are commonly supposed.Two modes of fracture are now generally recognised to occur in metals, namely, shear and cleavage. The latter manifests itself by the so-called "crystalline" fracture (here...

Jan 1, 1954

IF a straight line should be drawn on the map (See 1, page 96) through the northern half of the South Island of New Zealand, from Mt. Domett in the north to Arthur's Pass in the south, and another line drawn parallel to it and at a distance of ten miles to the west, according to the topographic scale, it will be found that within the belt thus drawn across the country all the most important mines, past and present, of the South Island are situated, with the exception of a few in Otago.The most important product of this tract being gold, and Reefton, the most important southern mining field, being situated at about its central portion, the zone may aptly be termed "The Great Reefton Gold Belt." The occurrence of so many gold mines along this particular strip of country is not at all a matter of chance, but is the outcome of cause and effect. Running along the eastern side of the gold belt are the Brunner and Victoria Ranges, which are chiefly composed of crystalline schists and metamorphic granite of probably Cambrian or Silurian age; between these and the gold-bearing series there are interposed at one or two places some beds of slates, limestones, and...

Jan 1, 1910

By Moorrees C, Koh P. T, Tsambourakis G

Calcination of samples from the Savage River region of Thsmania containing varying magnesite/dolomite ratios under conditions optimized for the magnesite component, followed by carbonic acid leaching at elevated pressures, leads to leachates of varying composition. For a 3 per cent solids slurry leached at 15.5°C and 700 k Pa carbon dioxide, the leachates have magnesium concentrations in the range 0.71 - 13.2 g/litre. The corresponding magnesium extraction data are 12.5 - 86.4 per cent. The variation in leachate composition would be unacceptable in terms of continuous processing, so that a feed of "constant" composition is essential. Selective mining and physical beneficiation to remove the bulk of the dolomite do not appear to be practical. It is concluded that the most appropriate method of feed preparation is to carry out extensive blending of the magnesite/dolomite ore and the resultant calcine.

Jan 1, 1987

Results obtained from small scale tests using Australian tin concentrates indicate that metallic tin containing less than 0·1 per cent iron can be recovered by a two-stage process using hydrogen and make-up chlorine. In the first stage the concentrate is ground,. pelletized, roasted, and reacted at 650°C with HCI and H2 to volatilize the tin as SnOI2. The volatilization reaction is conducted with cocurrent gas and solids flow because it was found that the use of cocurrent flow yielded a solids residue substantially free from FeCI2. The second stage uses a technique termed "reflux reduction" during which the SnOl2 produced by volatilization is reduced by hydrogen to form tin and a gas containing HCI and H2 of sufficiently high HCI tenor for recycle to the volatilization stage. The elimination of tin ranged from 98+ to 99·7+ per cent of the tin from concentrates containing 5 to 50 per cent tin, respectively. The process should be capable of continuous operation, and a tentative calculation has shown ,that a treatment rate of 12,000 tonnes of tin concentrate per year could be obtained in a volatilization reactor 1·1 m in diameter and 6·1 m high. The process may have particular application to finely divided concentrates containing less than 20 per cent tin.

Jan 1, 1974