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By P W. Wypych, D Curry, A P. Grima

The market has become highly competitive for engineering and equipment vendors, who are challenged to reduce costs while improving efficiency and productivity of mine operations through plant improvements and expansions. Although conveyor transfer systems account for a small percentage of the infrastructure cost of a mine, they form an integral part of the process supply chain. Malfunctions or suboptimal performance can result in substantial financial cost from delayed start-up, unscheduled downtime, reduced throughput and increased maintenance costs.Discrete element modelling (DEM) is a powerful simulation method used to virtually prototype and test the performance of transfer equipment throughout a design cycle. When developed and applied correctly, DEM can provide insight into performance that exceeds the traditional analytical methods, especially when dealing with complex ore properties, behaviour and/or situations.Using case studies sourced from the authors’ recent research and industrial project work, this paper will address the industry goal to increase efficiency and productivity as well as the methods available to the engineers responsible for delivering designs that meet the aims of this strategic approach.The main focus of the paper will be the new calibration technology, which has been developed by the authors to generate DEM material models that are linked to real-world properties and flow behaviours via unique dynamic testing and innovative parameter calibration methods. These calibrated DEM material models can be deployed by engineers into their existing workflows, whether it be for feasibility studies, concept or final design, plant troubleshooting or optimisation.This new technology allows engineers to gain greater insight than that provided by traditional approaches to the design of transfer chutes and other process equipment and also allows informed design decisions to be made that meet industry efficiency and productivity requirements.CITATION:Grima, A P, Curry, D and Wypych, P W, 2015. New discrete element modelling calibration technology to facilitate the increased efficiency of ore handling and processing operations, in Proceedings Iron Ore 2015, pp 449–464 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Jul 13, 2015

By J T. Carswell, N A. Schofield

Fluctuations in periodic reconciliations between the mine and the mill are an expected and common experience in mining and processing operations. These fluctuations are caused in part by errors in the estimates of tonnage and grade of the mined material as well as errors in the millÆs assessment of the material processed. Keeping these errors small and unbiased is an important aspect of an efficient operation whose primary goal is to derive maximum benefit from the exploitation of the mineral resource.These fluctuations in periodic reconciliations can also mask subtle but economically important problems which may take years to identify and resolve. Such problems can result from a poorly-conceived model of the mineralisation which affects both the spatial distribution of the ore as well as the tonnage - grade distribution over the range of cut-off grades. Poorly conceived models of the mineral resources and ore distribution can arise as a result of insufficient and inadequate?drilling and sampling of the mineralisation, inappropriate?application of geological?constraints in the estimation process and the use of inappropriate methods to estimate the block grade distribution. This paper presents three case studies from gold and copper mining operations, two of which experienced significant problems with their mine to mill reconciliations over extended periods of time. For the gold mine in case study 1, sampling problems were ultimately considered to be the main cause of the poor reconciliations between grade control predictions and the mill which persisted over a period of 18 months. In addition, incorrect application of resource modelling methods contributed significantly to a mismatching of the mill capacity with the mine at the beginning of operations. For the underground copper mine in case study 2, a change in the approach taken to resource modelling brought marked improvements in ore definition and more accurate predictions of ore grade and better production forecasts.The third case study describes the background to the expansion of production to exploit a large tonnage of lower-grade stockwork mineralisation in an open pit gold mine. Several years of favourable Mine to Mill reconciliation data from the mining and processing of higher grade and lower grade stockwork styles of gold mineralisation provided the confidence in the approach to grade control to support the expansion plans during a period of low gold prices.The paper is intended to complement the discussion of mineral resource estimation methods and risks in Section 6.1.3 of the Mine ManagersÆ Handbook to be published by the Australasian Institute of Mining and Metallurgy (Schofield, 2012).CITATION:Schofield, N A, Moore, J and Carswell, J T, 2012. Mine to mill reconciliation - Three case studies, in Proceedings International Mine Management 2012, pp 161-172 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Nov 20, 2012

By S Kakara, A Kamaraj, S S. Varanasi, B V. R Mandalika, M B. Shaik

The properties of top slags play a very important role in secondary steelmaking. Fluxes should be chosen based on the ladle furnace (LF) slag requirements like viscosity, melting temperature, sulfide capacity, etc. CaF2 and CaO-Al2O3-based synthetic slags are the most used fluxes in secondary steelmaking to improve slag fluidity and interfacial chemical reactions. CaF2 is obsolete due to fluorine pollution and CaO-Al2O3 based slags have 40–50 wt per cent Al2O3 and 30–40 per cent CaO which is not beneficial for desulfurisation. Yet another drawback is that LF slag disintegrates into fine powder during cooling due to phase transformation C2S (2CaO.SiO2). Hence, there is a need for the development of low melting fluxes with high CaO content and the capability to prevent slag disintegration. The current work studied the effect of 0–9 wt per cent B2O3 on physico-chemical properties and characterisation of LF slags. X-ray diffraction (XRD) analyses were carried out to identify mineralogical phases present in slag and Fourier-transform infrared spectroscopy (FT-IR) analysis was done to understand the changes in bonds of B2O3 added LF slag. The characteristic temperature of slag was determined by a hemispherical method using high-temperature microscopy. Empirical models were used to calculate viscosity, break temperature, and sulfide capacity. FactSage™, ver 8.2 (by GTT-Technologies) simulations were carried out to find the equilibrium phase fractions and percentage of liquid slag at different temperatures. New phases such as Ca11B2Si4O22 and Ca2B3O5 were formed in LF slag with B2O3 addition. Based on the results, 0.5–1.0 wt per cent B2O3 was found to be sufficient to prevent C2S-driven disintegration of LF slag. Also, the melting temperature and viscosity of LF slag were reduced by adding 3–8 wt per cent B2O3 due to the formation of BO3 planar triangular structure and low melting eutectics in slag. Liquid slag started forming at a temperature as low as 800°C when B2O3 is >6 wt per cent. It was found that the sulfide capacity, viscosity, and break temperature of the slag decreased with increasing wt per cent B2O3. Based on the analysis carried out, B2O3 can be a promising fluxing material in secondary steelmaking, for improving the desulfurisation kinetics and valourisation potential of LF slag.

Aug 21, 2024

By M Armony, J F. C L Costa, J C. Koppe

Linear kriging methods fail to estimate local grades and local reserves for highly skewed variables due to three reasons: it uses only part of the available data information, it has no physical principles associated with the mathematical proceedings to minimise the problems, and it works with continuous variables while data are discrete because of the limited precision of any equipment. The techniques commonly used up to now to solve the highly skewed variables estimation problems were unsuccessful, unless mathematical rigor is abandoned. Even the method of multiple indicator kriging is not satisfactory. This paper presents a new framework, the field parametric geostatistics (FPG) that transforms noisy variograms into well-behaved variograms and justifies mathematically empirical procedures commonly used, as trimming or capping arbitrarily very high values. The method, when applied to non-skewed variables, yields similar results to classic kriging. The methodology is illustrated in a case study at a gold deposit in Brazil, and compared to results obtained by usual techniques.

Sep 26, 2011

By Morrison AL

The volume changes occurring during the reduction by hydrogen of single, high-grade hematite pellets under isothermal and non- isothermal conditions were investigated using a time-lapse photographic technique. The major cause of swelling during iso- thermal reduction at temperatures in the range 600-1000¦C, was the disruptive stresses set up during the transformation of hematite to mag- netite. The severity of the disruption was temperature dependent; the degree of swelling increased with increases in the reduction temp erature. Under non-isothermal reduction conditions, in which the pellet temperatures were increased at constant heating rates over the temperature range 500-1000¦C, minor swelling (6-8%) occurred in the initial stages of reduction followed by pellet contractions of up to 15% in the final reduction stages. The low initial swelling and high final pellet shrinkages were due to a com- bination of the temperature dependence of the swelling mechanism, and the sintering of fine pores in the reduced iron in the latter stages of reduction at higher temperatures.

Jan 1, 1980

By M Scoble, A Ostry, J Shandro

Mining companies are not ill-informed on the topic of community health. There have been a number of research studies that have illuminated community health issues associated with mining, especially in the western Canadian province of British Columbia. However, what is missing amongst the literature is the perspective of mine managers and mining executives on this topic. This is important as mine managers and executives face a number of issues related to community health and are under pressure to consider the topic in more detail. This paper presents results from an exploratory qualitative investigation based on grounded theory research techniques into current community health considerations from the perspectives of mine executives and mine managers working in Western Canada. Interviews were conducted between February and May 2012 with 11 mining versus ten mining executives and managers who represented operating mines or mining umbrella organisations in Western Canada. Participants report on general community health issues that are perceived to be important, the perceived role that the mining sector should play?in contributing to community health and how this differs in Western Canada as compared to locations abroad, and?risks companyÆs face in making community health contributions. This paper concludes by drawing attention to pressing health needs that are present in Northern, rural and Aboriginal populations in Western Canada and provides a platform for future research initiatives focused on improving the health and well-being of communities associated with the mining industry. CITATION:Shandro, J, Scoble, M and Ostry, A, 2012. Community health considerations from mining executives and managers in western Canada, in Proceedings International Mine Management 2012, pp 97-104 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Nov 20, 2012

By H W. Wu

Occupational exposure limits for diesel particular matter (DPM) are progressively being adopted in a number of countries. Many of these follow the lead of the US Mine Safety and Health Administration initiated in 2008. In line with adoption of best practice it is accepted that all exposures should be reduced to as low as reasonably achievable. The management of diesel emissions and occupational exposures to those emissions requires an integrated strategy incorporating efforts from all key departments on a mine, including management, production, maintenance, supply and occupational health and safety.Australian coalmine longwall moves rely on the use of high-powered diesel equipment such as chariots and other machines that produce exhaust pollutants of gases and DPM. To reduce mine personnel’s exposure levels to DPM a hierarchy of controls can be followed. Minimising the use of diesel equipment, better operator positioning in relation to exposure source, using efficient engineering methods and adopting better ventilation to reduce concentrations through dilution are some of the controls that can eliminate exposures. Approaches generally adopted in Australian longwall mines currently rely on a combination of strategies such as optimisation of ventilation, use of diesel particulate filters and use of diesel tag boards that minimise the number of vehicles through recording entry and exit into working panels.A study has been undertaken into the mine ventilation systems currently in use during longwall moves within Australian modern longwall extraction mines. This paper reviews current longwall section ventilation systems and discusses evolving changes being adopted to address the more complex problems in dealing with section DPM during phases of the operational moves. The effects of DPM on crew members as well as the diesel equipment operators within a longwall section are examined. Issues that should be considered in designing the longwall section ventilation during the moves are discussed.CITATION:Wu, H W and Gillies, A D S, 2015. Review of ventilation optimisation strategies during longwall moves, in Proceedings The Australian Mine Ventilation Conference, pp 133–140 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Aug 31, 2015

By A B. Bayooke, A C. Robertson

In terms of underground tunnelling in metres advance per capita, Australasia compares well with the best world performers. This is because of the large number of metalliferous mines, coalmines and civil tunnelling projects, with the Australian tunnel advance for civil and mining projects exceeding 625?km/a. In terms of hard rock quarry extraction, Australia produces approximately 200?Mt/a of aggregates, roadbase, fill material and specialist rock products from its quarries, which equates to approximately 8?t/capita. Australian mining and tunnelling contractors are also of world standard and are used to excavating in a variable range of ground conditions in a competitive environment. One author has been involved in tunnel and underground space planning and quarrying in Australia for the past 25 years and predicts that, over the next 20 years, there will be a major swing towards underground space for commercial uses. This paper identifies the potential uses of underground commercial excavation and the planning and geotechnical challenges for the future. Underground quarrying creates new opportunities to extend existing quarries within their urban footprint with minimum impact on the surrounding community. Investigations by the authors reveal that there are very few cities in the world that actually incorporate underground space planning in their city plans. However, cities such as Helsinki have been planned in detail to utilise the rock resources beneath them. Brisbane is used as a case study for a practical application of commercial underground space and underground quarrying in Australia.CITATION:Bayooke, A B and Robertson, A C, 2014. Geotechnical challenges for underground commercial space and quarrying in Australia, in Proceedings AusRock 2014: Third Australasian Ground Control in Mining Conference , pp 317–322 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Nov 5, 2014

By P C. Miclea

Transportation networks extend every day around the world, requiring safe and well-maintained structures for efficiency and for users’ safety. Due to specific features of the infrastructure, such as longer tunnels, increased traffic and marginal safety rules, fire safety in rail and road tunnels becomes more challenging.The situation becomes more critical due to the global economy and increasing worldwide tourism, with multi-national companies often involved in both design and construction of transportation routes or systems in other countries. Tourism brings the risk of visitors becoming victims in a foreign land; thus, international law becomes more and more applicable to transportation projects all over the world, requiring a consistent approach to safety (UN Economic and Social Council, 2001; US DOT Federal Highway Administration (FHWA) 2006; US Transportation Research Board, Committee on the Role of Public Transportation in Emergency Evacuation, 2008; UK Parliamentary Office of Science and Technology, 1997).There are significant differences between rail and road tunnels, both in their functionality and safety requirements. Most tunnels over a certain length are equipped with emergency ventilation systems capable to control the spread of smoke by creating an air stream in the desired direction. Besides ventilation, fire-life safety (FLS) includes smoke and heat detection by linear or spot detectors, closed-circuit television (CCTV) and public address systems with prerecorded announcements, as well as evacuation signage and monitoring capabilities (Vägverket – Swedish National Road Administration, 2004).There isn’t a consistent, worldwide approach to the design of emergency ventilation systems for tunnels, with significant differences from continent to continent (US DOT Federal Highway Administration (FHWA), 2004, US Federal Transit Administration, Transportation Research Board, 2006). In North America US NFPA 130 and 502 standards for rail and road tunnels, respectively, represent the main criteria, however, they are continually revised and new versions issued every three years. For road tunnels the World Road Association PIARC issues guidelines, but they are not truly enforceable. There are no similar international guidelines for rail tunnels, except general recommendations by the International Association of Public Transport (UITP) (IAPT, 2003).In Europe the Directive #54/EC adopted by European Community Parliament in 2004 requires a minimum level of safety for road tunnels users in all existing and proposed tunnels in the Trans-European road network that are greater than 500 m in length. Authorities having jurisdiction in many other individual countries, such as Australia, Austria, Germany, Japan and others, enforce specific safety regulations (Miclea et al, 2007). While it is impossible to summarise all aspects of this topic in a short paper, a review of the design approach, the existing differences in safety requirements, as well as applicable design solutions to meet safety codes for both rail and road tunnels are discussed below.

Mar 8, 2011

By Totterdell JM

The Permian-Triassic Bowen Basin and the Jurassic-Cretaceous Surat Basin evolved in a backarc tectonic setting behind an active convergent plate margin in eastern Gondwana. Several extensional (Early Permian; Eocene) and contractional (mid- Permian; Early Triassic; Middle-Late Triassic; early Late Cretaceous) intraplate deformational events are recognised in the basins. These can be correlated with similar events in the New England Orogen that was being deformed in the Late Permian- Late Triassic as a foreland thrust belt. The intraplate deformations were probably the consequence of plate interactions, including the accretion of terranes, at the ancient active plate margin, remnants of which now occur in New Zealand.

Jan 1, 1995

By R Hall

The magmatic arcs of SE Asia and SW Pacific contain some of the worldÆs major magmatic-hydrothermal gold deposits. Most gold deposits in SE Asian and SW Pacific arcs formed during periods of plate reorganisation rather than during periods of normal or steady state subduction. These plate reorganisations were caused initially by the collisions of the Australian Craton with the Philippines-Halmahera Arc and the Ontong Java Plateau with the Melanesian Arc at ~25 Ma. A second Mid-Miocene period of mineralisation accompanied plate reorganisation following maximum rotation or extrusion of Indochina and cessation of spreading in the South China Sea at ~17 Ma. However, the vast majority of deposits from New Zealand to Taiwan formed since 7 Ma during an important period of tectonic reorganisation that accompanied and followed changes in the relative motion between the Indian-Australian and Pacific plates between ~8 and 3.5 Ma. Magmatism in unusual tectonic settings produced the most abundant and largest deposits with many deposits associated with high-K calc-alkaline, shoshonite, adakite and alkaline magmatism. In particular peak mineralisation appears related to melting of sub-arc lithosphere that has been previously modified by subduction. During large-scale plate reorganisation this can occur towards or at the end of a period of normal subduction, following arc collision or accompanying subduction reversal at approximately the same time in different parts of a complex system of arcs such as in SE Asia and the SW Pacific.

Jan 1, 2005

Many stress measuring instruments use overcoring stress-relief principles but adopt different sensing techniques. Every technique is subject to certain limitations of rock types and conditions. To investigate the performance and reliability of the instruments in field measurement, a simple and practical approach has been developed to allow comparable laboratory results to be obtained which simulate in-situ rock and stress conditions. Four commonly used devices, the USBM deformation gauge, the CSIRO HI cell,the CSIR triaxial cell and the UNSW SI cell were thoroughly tested in the laboratory. Some conclusions have been drawn as to their suitability and reliability in different field conditions. Recommendations are provided for the choice of an appropriate technique for a given rock type and condition. A new thin-wall cell that overcomes the disadvantages of earlier devices has been developed and tested. Its laboratory performance shows that it has good prospects.

Jan 1, 1990

By García B., Wolff E.

The pellet qualities primarily depend upon the thermal profile and gaseous environment during induration. During the induration of the pellet, it undergoes physical as well as chemical changes. Physical changes are mostly due to sintering and chemical changes are due to carbon burning inside the pellet. The effect of carbon on sintering is investigated on a single pellet scale using an optical dilatometer. Sintering is a complex process that involves transportation through various mechanisms. Sintering is quantified in terms of sintering ratio and the kinetic parameter, exponent ‘n’, under isothermal conditions is deduced using the power law equation. The value of n can be used to estimate the sintering mechanism at different isothermal temperatures. Also, the activation energy is calculated using the empirical Arrhenius equation. The activation energy of 0 per cent coke and 1 per cent coke-containing pellets are 531.0 kJ/mole and 552.6 kJ/mole respectively. The order of magnitude of activation energy suggests the same mechanism in both cases. Although the mechanism of sintering is the same, 1 per cent coke-containing pellet sinters more at any isothermal temperature.

Jun 17, 2024

By T Purvis, Z Liu

Ernest Henry mine (EHM) is an underground sublevel caving mine located in north-west Queensland with a production rate of 6.4 Mt/a. The mine has sublevels spaced with a 25 m vertical interval. The production process on each level starts with the drilling and firing of a blind uphole rise to start the slot extraction. These rises are fired as a single shot and routinely need to achieve a design height of 22 m to 30 m depending on the local mine geometry. If the rise fails to perform as designed then the production phase of the level is delayed with significant rework required to remedy the situation.This paper describes the process that the EHM team has followed to improve the first time performance of each rise. The improvement process commenced with a review of results from previous rises and resulted in the identification of a number of improvement opportunities. A revised holistic approach was established for the process, which included involvement from operators and engineers. Through continued measurement and review of rise performance, inputs to the process were improved to a point where reliable results can now be expected. The successful performance of subsequent rises has been verified through a comprehensive quality assurance quality control (QA/QC) program. Before quality control processes were implemented, the success rate of blind uphole rises was only 11 per cent (one out of nine rises) at EHM. In comparison, the success rates have been vastly improved to 25 per cent (one out of four) and 75 per cent (three out of four) respectively following two stages of improvements. This paper concludes with the ‘current’ series of best practices used at EHM and recommendations.CITATION:Purvis, T and Liu, Z, 2017. Improving the performance of blind uphole rises at Ernest Henry Mine – a case study, in Proceedings 13th AusIMM Underground Operators’ Conference 2017, pp 335–340 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Oct 16, 2017

By G Harbort

Traditional engineering design for flotation circuits use the “Rule of Thumb” approach. Typically this uses a nominated maximum head grade for design. A scale-up factor is applied to laboratory flotation tests for residence time. This scale-up factor is usually based on a designers experience at other flotation sites and may or may not be relevant to the circuit being designed, or the flotation equipment being used. A small number of locked cycle tests are assumed to represent the ore body and the results of these are often used for financial analysis, independent of changes in mine plan throughput and mineralogy.The engineering “Rule of Thumb” approach is only strictly accurate where there is very little variability in throughput, head grade and mineralogy. It may provide accurate design for mature established operations where a brownfield expansion is being considered but is unlikely to provide accurate design for a new, greenfield site.The use of geometallurgical modeling with floatability component simulation provides a design methodology with significantly less associated risk. The use of geological data for optimisation of operating plants has become a significant part of the modern process mindset. The underlying principle is to use spatial metallurgical information to drive production planning, mine planning, blast design, blending strategies and plant set-up. At a design stage the process designer can use geometallurgical information to evaluate bottle necks and potential design flaws and propose the best investment strategy for the project benefit.This paper details the geometallurgical characterisation of the Andash deposit and methodology used to review the project’s detail design and projected production.

Aug 8, 2011

By W Liu, S Gao, D Wei, B Cui, Z Guan, Y Shen

Beneficiation of low-grade fine-grained hematite ores becomes increasingly important due to rapid depletion of high quality iron ore resources. However, fine particles, especially ultra-fine particles, make efficient beneficiation of these ores more difficult. Therefore, methods to reduce the influence of fine particles must be considered to achieve better beneficiation performance. Analysis and systematical beneficiation tests were carried out on an ultra-fine-grained hematite ore slime from washing a fine grained hematite ore. Ore particles were found to be presented in loose soil. While some of the ore particles were agglomerated, they were very fine and contained up to 76.5 per cent -0.023 mm material. In this paper, using a single magnetic separation flow sheet with sodium silicate (SS) as a dispersing agent, a concentrate containing 65.05 per cent Fe was obtained at an iron recovery of 68.58 per cent from the hematite ore slime of 56.65 per cent Fe. The single magnetic separation flow sheet was simple and reliable, the agent SS was effective in dispersing ultra-fine particles. The results are believed to be applicable to similar hematite ores.CITATION:Wei, D, Guan, Z, Gao, S, Liu, W, Shen, Y and Cui, B, 2013. Beneficiation study of an ultra-fine-grained hematite ore slime, in Proceedings Iron Ore 2013 , pp 495-500 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Aug 12, 2013

By D Morgan, K Jones

"In March 2015 Northparkes Mines (NPM) installed a process mineralogy facility on-site. The laboratory included a TESCAN TIMA scanning electron microscope (SEM) and was the first SEM facility to be commissioned on a mine site in Australia. While the initial intent of the quantitative mineralogy laboratory was to provide information to drive processing plant improvements, in practice, it has been utilised for so much more and is now serving as an integral link between departments on-site. This multidisciplinary approach to orebody knowledge is a new strategy for NPM whereby all parts of the value chain are aligned towards the common goal of achieving process efficiency and stability while still maintaining high throughputs. The NPM experience is presented as a case study to illustrate how on-site process mineralogy can drive a realignment in business strategy with a common goal of mill optimisation, stability and more realistic forecasting through orebody knowledge and information sharing between disciplines.Citation:Jones, K and Morgan, D, 2016. On-site Process Mineralogy - Linking Departments and Disciplines with the Common Goal of Increasing Plant Performance, in Proceedings 13th AusIMM Mill Operators’ Conference 2016, pp 149–156 (The Australasian Institute of Mining and Metallurgy: Melbourne)."

Oct 10, 2016

During 1995 a catastrophic accident took place at the No 2 Vaal Reefs shaft in South Africa, when a locomotive fell onto a cage, causing the death of 104 people. The subsequent Commission of Enquiry found that the safety detaching hook had opened when hit by parts of the falling locomotive, detaching the cage from the rope and allowing the cage to drop 400 m down the shaft. It was believed that had the hook not detached, the rope would have been sufficiently elastic not to have failed, implying that many fatalities may have been avoided. In addition, the risk of accidental opening of hooks due to impact with smaller falling objects in shafts became a concern. This paper deals with a comprehensive statistical investigation that was performed to quantify this risk, establish acceptable levels of such risks and to derive criteria for the resistance of detachment hooks against accidental opening caused by impacts. The investigation involved a survey, dynamic finite element analyses and Monte Carlo simulations.

Jan 1, 2005

By W D. Rech, K W. Keskimaki

As an integral part of the conversion from rail haulage to conveyor haulage at Henderson, over six kilometres of drifting and several large complex openings were mined. The deepest of these areas was nearly two kilometres beneath the surface, bringing all of the challenges of rock stress and heat that come with mining at these depths. Though many mines operate at these depths, the development of the infrastructure necessary to support a 36 000 tonne per day caving operation brought some unique challenges to the development mining activity. The issues handled include: finding experienced staff for a æfast trackÆ development program; rock bursts and ground conditions; inflow of 50 degree centigrade water; acceleration of the project completion; large diameter raise boring and difficult muck handling.

Jan 1, 2000

By P Stoker

"An EXTENDED ABSTRACT is available for download. A full-length paper was not prepared for this presentation. Mining and exploration properties have a unique set of technical risks. Privately-owned companies considering investing in the resources sector can optimise their investment decisions by adopting a systematic technical assessment of acquisition assets, similar to the approach commonly adopted by public financial institutions and publicly-listed companies.Technical due diligence provides a process to identify key geological, mining, geotechnical, metallurgical, environmental and social risks and opportunities and determine the most likely business case and valuation of assets. Technical due diligence is commonly carried out in parallel with legal, commercial and financial due diligence, often involving the acquirer, to maximise the understanding of the investment.There are significant advantages in investors conducting a comprehensive technical due diligence, which typically involves site visits and project assessment to international standards by an independent, multidisciplinary team of experts. The outcomes provide the opportunity for the investor to make early, informed decisions and to understand and manage risks.Technical due diligence may be carried out at several stages: when considering and weighing up a number of investment options, prior to and during a transaction or immediately post-transaction. In the first stage, the outcomes will inform the choice of investment and, more particularly, whether there are any fundamental flaws in the projects being considered. In the second stage, due diligence outcomes can inform the level of investment and approach to risk management and planning. In the third stage, risks and opportunities can be investigated in more detail, allowing the investor to consider the best options to reduce risk and maximise the benefit of the investment.This paper presents a summary of the technical due diligence assessment process, its benefits to investors, common risks in mining and exploration projects known to cause mining asset write-downs and principal technical due diligence approaches.CITATION:Keogh, A, Stoker, P and Thomas, M, 2015. Benefits of due diligence in private equity mining investments – maximising value and unearthing common risks , in Proceedings PACRIM 2015 Congress, pp 115–126 (The Australasian Institute of Mining and Metallurgy: Melbourne)."

Mar 18, 2015