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It has long been recognised that applications of the Net Present Value (NPV) investment decision making methodology can have serious deficiencies in situations where investment can be delayed and, once made, various options allow increases or decreases in the level of output. NPV valuation can undervalue the project if it does not incorporate future flexibilities or ""options"". It is important to realise that a proper valuation of a project (ie, valuation of its future cash flows) must incorporate an analysis of optimal future decisions involved in managing the project. Current valuation cannot be divorced from a consideration of future decision making. There is now a considerable amount of literature, mainly academic, identifying and exploring ways of remedying these deficiencies in the application of NPV. While the necessity of period by period analysis is sometimes acknowledged, little if any practical illustrative model building has been published to date, aside from algorithms using continuous time stochastic processes which deny access to the uninitiated.

Jan 1, 1994

By Gillies A. D S

Technology transfer is a vital requirement for increasing national capability of coal mine production in Indonesia. The term can cover the introduction of new equipment, facilities and processes and approaches to training and education. Constraints on technology transfer within the Indonesian coal mining industry are reviewed. The contributions that foreign companies working within the industry can make are discussed. It is concluded that the development of major Indonesian coal mines needs input of advanced foreign technology. The foreign mining companies are investing significant capital in operations and are permitted to import outside expertise due to some lack of national skills. Expatriate employees are expensive and have a direct effect on profitability. The success of any replacement program of foreign employees is dependent on technology transfer. There are statutory Indonesian Government directions to reduce dependency on foreign expertise over time.

Jan 1, 1995

Systematic ICPES (Inductively coupled plasma emmission spectrometry) analysis of magnetic concentrates from drainage samples has been used to discriminate concentrates dominated by magnetite from those dominated by pisolites, presumably maghemite-rich. In addition, a set of spurious zinc enhancements was recognised and explained with the help of mineralogical data, and systematically isolated using chromium as a Discriminator.

Jan 1, 1987

The Filblast Cyanidation Process incorporating intense high shear mixing, high gas mass transfer efficiency and high oxygen concentrations under conditions of elevated pressure has now been been successfully applied in gold cyanidation mills since May 1993. The first commercial unit had a slurry capacity of 110 cubic metres per hour. Since then 230 and 450 cubic metre per hour units have been installed and a 1000 cubic metre per hour unit has been designed. Laboratory and pilot plant Filblasts have also been built.The reactor is a robust, compact in-line or end-of-line device and may be constructed out of a wide range of materials including wear and corrosion resistant alloys and ceramics. The Filblast Process may be applied to high temperature leaching of refractory gold ores and base metal concentrates.

Jan 1, 1997

By W Lu, D Wang

Study of coal oxidation at low temperatures forms the basis of investigating the inherent properties of spontaneous combustion of coal. In general, the process of coal oxidation at low temperatures is very complex, involving many factors. Experiments examining the properties of oxidation and ignition of coal have been carried out. Based upon the results of these experiments, the catastrophe properties in the process of coal oxidation are analysed and the mechanism of catastrophe is proved for the ignition of coal. A folding catastrophe model is also established for the process of coal oxidation. Results obtained show that the process of coal oxidation to ignition is discontinuous, where the coal-environment system yields structure destabilisation. The system can jump from one stable attractor to another. The research results presented in this paper help to show the irregularities of coal oxidation at low temperatures and how to pursue effective control measures.

Jan 1, 2005

By J M. Dwyer, S Williamson

Acceptable post-closure performance of decommissioned mining operations is a critical factor in persuading todayÆs environmentally conscious public that the mining industry will not continue to burden future generations with the legacy of environmental tragedies. Post-closure impacts must be identified and managed through robust engineering design if the post-closure environment is to be environmentally sustainable. To manage potential post-closure risks (environmental, health, safety, social and economic) within acceptable limits, WMC incorporates a risk-based approach to closure planning and engineering design. WMCÆs risk-based closure engineering design process provides a simple methodology for developing robust closure plans û the process æengineers outÆ unacceptable risks and æengineers inÆ a sustainable post-closure environment. Benefits of the risk-based process include stakeholder endorsed closure criteria for an agreed post-closure land-use, focusing of resources on major risks, and a realistic and accurate estimate of the required closure provision. The outcome is an increased likelihood of satisfying the three pillar goals of sustainable development û a financially sound solution that poses a low risk to the environment and future generations.

Jan 1, 2003

Groundwater issues for the mining industry are many and varied. When the depth of mining is below the water table/potentiometric surface, a groundwater æsinkÆ is created which alters the local groundwater flow regime resulting in minewater inflows. Assessment of mine dewatering, mine water balance and wastewater disposal requirements are central to the effective management of water in a mining operation. Each of these issues has a significant groundwater component. Other groundwater issues for mining operations include: water supply, aquifer storage and recovery, the impact on other groundwater users in respect of groundwater levels, bore yields and water quality, and the development of an effective groundwater monitoring network for early detection of impacts and to satisfy regulatory requirements. This paper outlines the techniques involved in assessing groundwater issues for project feasibility, during operation and post closure, and provides an overview of several mine dewatering and water disposal methods. The practical assessment of groundwater issues for the mining industry is illustrated with several case studies of mining projects in Australia, SE Asia and the subcontinent. These are projects to which the author has contributed during a career as a geologist/hydrogeologist spanning more than 25 years.

Jan 1, 2003

By W Angerer

This paper describes the design of the marine riser structures, including the design measures for sealing and protection from flooding, dewatering and connection to the main tunnels, for the Gold Coast desalination plant in Queensland. The risers connect the intake and discharge tunnels to the ocean. Construction commenced on both in April 2007. The paper describes the key design criteria for the risers, the construction constraints that influenced the design and the design of the main elements of the risers and the connections to the tunnels.

Jan 1, 2008

By S Ramsay, D Povey

This paper presents recent case study data collected by field portable x-ray fluorescence spectrum analysers (FPXRF) as part of grade control activities at three separate (nickel, copper and copper/gold) mining operations. FPXRF has been under utilised for grade control in recent years, largely because the success of early versions of FPXRF was limited to a few metals (eg tin). Efforts to utilise these early versions for other metals was largely unsuccessful and created a perception that FPXRF could not be utilised more broadly within the mining sector and specifically the area of grade control. The structural setting of the analytical function within mining operations has also contributed to the under utilisation of more recent FPXRF instrumentation. The concept of FPXRF as a grade control tool straddles the boundaries of the geology and laboratory departments. As such, this option is often not considered as part of an assessment of grade control procedures for new and existing mining operations. This paper assesses data collected by Australian and New Caledonian miners using FPXRF technology as part of the grade control function and concludes that FPXRF can provide operational and cost benefits to certain mining operations.

Jan 1, 2003

By Williams DJ, Battino S

The rapid crushing technique for the measurement of gas content of coal consists of accelerating the rate of gas desorption from coal by crushing. This technique allows the determination of gas content in the space of hours rather than days or weeks as required for the traditional slow desorption technique. The crushing technique is used particularly when gas content determinations are urgently required for mine safety purposes. The method is now routinely used in underground coal mines of NSW and to a lesser extent in QLD. Despite the rapidity and efficiency of this method, concerns have been raised upon the reliability of the method to deliver accurate results. Experience in Australia has shown that there is in fact some discrepancy in results between gas laboratories using the rapid crush technique. The development of rapid crushing techniques for seam gas content measurements in Australia and the main causes of variability in the gas content test results were investigated. The gas laboratories participating in the gas content testing were CSIRO Division of Coal and Energy, BHP Technical Services and GeoGas Pty. Ltd.

Jan 1, 1998

By Rao A. B, Rao V. D

Northeast of Brazil is situated in the polygon of drought. It covers some very important states like Bahia,Pernam- buco, Paraiba, Rio Grande do Norte, Cea- ra and Piaui , which have a potential for mineral production. Of them the main contributions that comes from Rio Grande do Nor to , Ceara and Paraiba are the scheelite and im portant quantities of granitic pegmatite mine- rals like tantalite-columbites, micas, beryls, precious stones, lithium minerals etc. On the other hand flourishing mineral economy in gold, tin, emeralds, chromium, lead, apatite is most- ly from Bahia; and potassium, salts, and petro- leum are from Sergipe, Alagoas and Bahia res; pectively. The most interesting aspect coninues to be the nucleus of the drought zone constituted of the Rio Grande do Norte, Paraiba and Ceara sta- tes.The first two authors have worked for twel- ve years in the region and have dedicated atten tion and time to two systems, namely skarns and granitic pegmatites. Their mineralogy,petrogra- phy, geochemistry, origin and economy is being worked upon from time to time to accompany the progress that is being achieved both in the sec tors of geology and economy. Besides, during the field campaigns, evidences have been sought to find the best guide horizons for mineralisa- tion and options for the location of target areas and prospection methods for scheelite, tantalites and other pegmatite minerals.

Jan 1, 1988

Traditionally, the term ætotal systemÆ design applied to comminution conjures images of a design that addresses the usual business and operational drivers, including health, safety and environment (HSE), capital cost, operating cost, throughput and product size. In terms of the physical process, the mine to customer type studies also exemplifies an approach that satisfies a normal ætotal systemsÆ approach. As an industry there are drivers that are forcing a re-consideration of what we regard as our total system. This modification of drivers will require changes in approach and implementation to provide the best solutions. Some of the major changes that impact the drivers are shortage of skilled personnel, changing social attitudes to remote mine site work, greenhouse gas emissions (GHGE), quality of available orebodies and geographical location of new mine sites. One approach to the challenges presented by the changing business environment is to expand the system envelope around comminution to ensure that comminution, in its widest sense, helps to meet the new realities. Background to the new drivers and constraints is provided and some of the appropriate responses are examined in relation to the impact on the total system.

Jan 1, 2007

By Butler RD

The Singhbhum Copper Belt is an arcuate zone of verthrusting which extends over a strike length of about 180 kilometres, located in Eastern India, 150-300 kilometres west of Calcutta. The Belt is noted for its mineralisation, and both copper and uranium are currently being mined within it.

Jan 1, 1990

By Lysnar R, Horswill M

Since the introduction of the pocket calculator, electronic measuring equipment, lasers and computers, the mine surveyor's approach to his work has changed. Where he once used steel bands he now uses infra-red, visible light or radio waves. The reading and storing of angles is done automatically and he now has to be familiar with the facilities that a computer can offer, instead of plotting and calculating manually. This highly sophisticated equipment is continually being upgraded, modified and fine tuned. This paper will attempt to highlight some of the equipment at present in use by the surveying profession and research currently being conducted by the WA School of Mines. The various options in EDM will be considered including the latest unit capable of measuring distance without the benefit of a reflector, thus enabling the surveyor to co-ordinate points that were previously thought inaccessible. The School is currently working on changes to the GAK1 Gyro Theodolite which may improve results and enable the operator to have more control and confidence in his observations. Areas under consideration are improved lighting, binocular viewing and interfacing the instrument to a stopwatch. In the last few years the computer is being used not only for surface pickups and control but also for underground work. We will highlight the underground options in this area and the software available.

Jan 1, 1987

Past and present developments in the use of blast furnace slag in the manufacture of glass are outlined. The crude slag from Port Kembla is beneficiated by the Mineral Resources Division of Australian Consolidated Industries Ltd. at Mascot using a dry magnetic separation process which reduces the iron level in the slag to an acceptable value, The chemical and physical properties of both the crude and beneficiated slag are given and compared with those of other slags used in the manufacture of glass. Slag is added to intro- duce alumina into the glass and its addition to the glass batch also results in faster melting and refining. Slag was first used in Australia in 1968 and its use has increased steadily year by year. At present about 16 000 tonnes of slag are used per year, mainly in amber and white glass. Beneficiated slag is used'in three plants to supply all the alumina required in the amber glass and in four plants to supply part of the alumina required in the white glass, the amount added depending on the acceptable iron level in the glass. Slag is also used in limited quantities in the manufacture of both dark and light green glass.

Jan 1, 1979

By J A. Shonhardt, I Porter

All types of coal are liable to spontaneous combustion to a variable degree according to the inherent characteristics of the coal and also extrinsic factors. In order to successfully extract coal from highly capital-intensive longwall mining operations it is necessary to evaluate and manage any risks that may be present due to spontaneous combustion. A spontaneous combustion risk management plan for longwall mining is described in this paper. This risk management system comprises identification of conditions promoting spontaneous combustion risk, a laboratory or empirical risk classification system, determination of gas ladder, adoption of adequate ventilation plans and gas monitoring systems that will lead to the development of the spontaneous combustion action plan. The risk management system was applied to a greenfield site in NSW in 1992 when prediction of a high-risk category for the coal seam was made. After commencement of production a spontaneous heating problem emerged as predicted. Description of the case history of spontaneous combustion risk management for a longwall operation in this coal seam is included in this paper.

Jan 1, 2003

By R F. Johnston, I D. Sommerville

This paper presents an overview of the researches carried out in our laboratory on the application of plasma in recovery of alloy elements from waste slags and the treatment of lean ores, which are examples of advanced materials processing. After briefly reviewing the early work on the reduction of nickel, chromium, manganese, vanadium and titanium oxides, and a short investigation of the reduction of titanium oxide from the slag resulting from the blast furnace smelting of a titanomagnetite ore, the paper concentrates on the more recent studies on the reduction of an Australian scheelite. In some of these experiments, aluminium was used in addition to carbon as a reductant, in virtually all cases complete reduction was achieved within a relatively few minutes even with carbon alone during plasma processing. It therefore appears that this technique provides a possible processing route to facilitate the recovery of valuable alloying elements from non-traditional sources, or to permit process step elimination.

Jan 1, 2000

WITH the exception of the deposits of the Milburn Cement Co near Dunedin, Wilson's Portland Cement Co., on the Mahurangi River (a short distance north of Auckland), and those of the New Zealand Portland Cement Co., at Limestone Island, the cement. Tesources of New Zealand remain practically undeveloped. The Milburn Company utilizes a mixture of limestone and mud for the manufacture of cement, while Wilson's and the New Zealand Portland Cement companies both have the advantage of a natural cement stock which requires but small additions of highgrade limestone to give the mixture required. The plant and deposits of the New Zealand Portland Cement Co are located in Whangarei Harbour, some six miles from thetownship of Whangarei. The works and dwelling-houses are situated on Limestone Island, which, with an area of 92 acres, and rising to a height of 212 ft., supplies the bulk of the raw material required. In addition to the island, the company possesses a high-grade limestone area of, roughly, four acres, situated on the mainland, 11 miles to the south. A better location for a cement works could not well have been chosen. On the east side of the island there is a deep channel, which never shows less than 18 ft. of water alongside the company's...

Jan 1, 1911

Some attempt to minimise the importance of the greenhouse phenomenon. They do so by observing that global temperatures are still within the range of recent variations and that it is still not possible to predict with any certainty what the precise consequences of greenhouse will be. Both observations are true though the conclusion is dangerous. Ice core samples from the Antarctic and Greenland have established the composition of the atmosphere and global temperature over almost the last 200,000 years. The profile of these twin variables shows that they have moved together; when the concentration of CO2 has been up, the temperature has been up and when the former has been down the temperature has also been down. Over almost 200,000 years the CO2 content has ranged between lows of 190 ppm and highs of 270ppm. In just 200 years of industrialisation the CO2 content of the atmosphere has increased to 350 ppm, 50% higher that the mean of the last 200,000 years and 30% higher than at the start of the industrial age. Carbon dioxide is now increasing at 0.5% p.a. Methane, about twenty times more effective than CO2 as a greenhouse gas has doubled in concentration in the last two centuries and is now increasing at about 1.1% p.a. Methane, nitrous oxide, chlorofluorocarbons together with a number of lesser gases will double the greenhouse effect due to in creased CO2 over the next 40-50 years.

Jan 1, 1989

By E A. Agorhom, P N. Aabulleh

The bulk of the worldÆs production of iron ore is processed into steel. The needs of the steel industry therefore demand a high exploration and exploitation of iron ore. One trend within the industry has been a great increase in the demand of iron ore and this is reflected in an increase in world steel production from 1955 to date. In addition to the high demand for steel, is ChinaÆs high appetite to feed its steel industry. It is therefore important that the iron ore potential of Ghana is showcased for eventual exploitation by potential investors to meet this enormous demand for the commodity in the industry globally. Ghana has three main iron deposits of potential industrial and commercial importance. They are: Shieni sedimentary iron ore (reserves: 1.270 X 106 metric tonnes), Pudo titaniferous-magnetiferous iron ore and the Opon-Mansi lateritic iron ore deposits. The Opon-Mansi iron ore deposit occurs in the Western region of Ghana. The ore deposits are located on top of the range of 15 hills, which extend over a distance of 24 km from Opon-valley, south of the Western region to Dunkwa. The area has an estimated 147 Mt of iron deposit, with Fe content of 52.5 per cent. This paper looks at the iron ore potential of Ghana and how it is capable of attracting potential investors to exploit this valuable mineral for global consumption.

Jan 1, 2007