Search Documents

By Massy-Greene RB

Limited recourse financing techniques reduce the financial exposure of equity holders to major mining projects by transfering some of the risks to the banks which provide loan funds for project development. This can only be achieved by a clear understanding of the principles involved. Engineering and management decisions on how the resource is to be developed and extracted must be made in the light of lender's requirements. The structure of sales contracts, joint venture agreements and many other documents can be important in limited recourse financing. If projections show that the debt can be repaid from project cash flow, loan agreements and other arrangements can restrict lenders ability to look to the equity holders for repayment of project loans.

Jan 1, 1981

An increase in the silver to gold ratio with increase in depth in the main ore shoot of the Crown-Crescent lode in the Emperor gold mine, Fiji, was found to be due mainly to vertical zoning of gold-silver tellurides. The zoning resulted from a two-stage sequence of ore mineralization.The application of some recent studies of the synthetic Au-Ag-Te system to natural gold-silver telluride assemblages is discussed.

Jan 1, 1971

The Cooperative Research Centres (CRC) Program was established and is supported by the Australian Government at a total cost of $140 million per year. Six of these centres have been established to help Australia's mineral industry: three in exploration, one in mining and mineral processing and two in extractive metallurgy. Since the CRC Program has now been in operation for five years, it is a good time to ask whether the minerals industry is being served adequately by these centres. In this paper, the performance of one CRC, namely the A J Parker Cooperative Research Centre for Hydrometallurgy, will be discussed in terms of the objectives of the CRC Program. As will be shown, the Parker Centre has made considerable progress since its establishment in 1992.

Jan 1, 1996

Late Palaeozoic and Late Mesozoic phases of widespread overprinting have obliterated most of the primary magnetization signature of the Tasman Fold Belt. Palaeomagnetic programs of a regional extent offer best prospects for identification and interpretation of such secondary magnetizations and for isolation of any remaining primary magnetization. In 1983 the BMR initiated a regionally oriented palaeomagnetic study of the Tasman Fold Belt to obtain palaeomagnetic constraints on the tectogenesis of the fold belt. Particular attention is being paid to the analysis of possible differential movements between suspect or- tectonostratigraphic terranes within the Tasman Fold Belt and the respect to cratonic Australia. Work has concentrated so far on the Cowra Trough-Molong High region of the Lachlan Fold Belt and the New England region. Pilot sampling has been carried out in the Gympie region. In addition Palaeozoic sequences are being studied from the Amadeus Basin and the Ngalia Basin to refine the palaeomagnetic reference frame of cratonic Australia.

Jan 1, 1987

By P Murthy, Z Guan, P Townson

In this paper, we introduce a methodology to optimise mining equipment operation in terms of the conflicting concerns of productivity and availability. We also introduce the concept of damage points and equipment dutymeters. These provide the mine management with tools to monitor the success of such optimisation. Since we have quoted the results of an on-going Australian Coal Association Research Program (ACARP) project, the apparent focus of this article is on draglines. However, the concept is equally applicable to other equipment. Mining is the type of business that requires a large investment in capital infrastructure and equipment to produce a product that is sold at a relatively low unit cost. In such a business, the key to competitiveness lies in achieving the full realisation of capital investment ie sustained production at high levels. Some of the concepts outlined in this paper are essential components of this picture.

Jan 1, 2000

By Sroka J

A comprehensive feasibility study should be submitted as part of the loan application to a financial institution for debt funding of a proposed project. Its scope should include technical, costing, marketing and other aspects pertinent to the project. The technical presentation should be sufficiently detailed to show that the assumpt- ions concerning future performance are realistic. A lender needs to be convinced that the capital and operating cost estimates are conservatively based with adequate allowances included for contingency and escalation. The marketing assumptions determine the level of revenue from which operating cost, debt servicing, and other commitments are to be met. The foregoing aspects establish the economic viability of the project, and are therefore relevant to the risk assessment and cash flow analysis carried out by a potential lender which determine his ultimate lending Decision

Jan 1, 1978

By Hutton W

The Argyle Diamond Mine is the first significant diamond producer in Australia. The project has been developed with new concepts in circuit design, process control technology, organisational development and training. After its first year of operation, the Argyle Heavy Medium Separation Plant has proven extremely efficient in recovering diamonds. Apart from cyclone wear, no major problems have been encountered. Ferrosilicon consumption is well below the design level which is a reflection of the sound design of the medium circuit. An Audit Plant continuously monitors the Heavy Medium Separation Plant tailings for diamond loss.

Jan 1, 1987

By Peak DJ, Kearton CJ

Following a summary of the development of a BF model using aerodynamic relationship and bulk fines index a blast furnace policy model is presented complete with the development of nomograms and featuring production rate, oil rate and total fuel rate. Application of the blast furnace model is then illustrated using No. 5 Port Talbot as an example. It is also shown how the policy model assists in ore allocation in the British Steel Corporation. Further developments which have recently occurred in the correlation between the bulk fines index and the permeability coefficient are detailed and a comparison made with a number of furnaces operated elsewhere. The implications of the comparisons made are that high driving rates are possible with burden containing a high proportion of sinter only if the burden behaviour in the lower parts of the furnace permits high driving rates with a steady gas distribution and low pressure drop. It is concluded that the value of a simple set of equations resulting from the model assisted furnace operators to pin-point likely causes of failure to reach or sustain target production rates.

Jan 1, 1975

By D R. Swinbourne

In the recent past a number of smelting plants were commissioned in India to supply the rising demand by domestic steelworks for manganese-based ferroalloys, and they enjoyed cheap electric power and readily available high-grade manganese ore. Presently, the cost of electric power is much higher than in some neighbouring countries, there continues to be poor transport infrastructure and the prices of high-grade manganese ore have increased. Additionally, the Indian Government has opened its economy to the outside world, resulting in the import duties on ferroalloys being drastically reduced. In this paper the current situation in India will be detailed, the electric arc furnace and blast furnace smelting methods for ferroalloys compared and proposals for the construction of a new ferromanganese blast furnace in India outlined. The future of ferroalloy smelters in India will be assessed and actions which could be taken to improve their position discussed.

Jan 1, 2000

The current boom in the mining sector has required mining operations to ramp up production to meet the international demand for minerals. This increase in production is putting enormous pressure on on-site professionals, and in particular the role of the on-site geotechnical engineer is ballooning. Mining engineers are focused on machinery and schedules; geologists concentrate on grade control and resources; everything else becomes the responsibility of the geotechnical engineer. Day to day geotechnical engineering is very different from geotechnical design work, and a practical understanding of both is required to successfully carry out either role. In addition, a successful geotechnical engineer has to have a good understanding of almost all technical aspects of mining. Even more important are good communications skills and the ability to problem solve on the fly. None of these skills are taught at tertiary institutions and therefore need to be learnt in the workplace. However, the shortage of geotechnical professionals means that young engineers do not always receive the mentorship and training they need to develop confidence and technical effectiveness. This paper outlines the changing role of on-site geotechnical engineers and presents some thoughts on how industry and young engineers can adjust to the changes.

Jan 1, 2006

The sudden. explosion of relatively inexpensive digital process control computers has accelerated interest in the possibilities of economic savings by their use. In particular the metalliferous industries have shown that they are willing and capable 6f grasping this new technology and putting it to good use. These industries have a number of problems which need special attention. In many cases the process is difficult to measure and a reaction is often controlled by measuring a secondary effect, computing its relationship to the reaction and then applying the necessary corrective action. This creates problems in building the process model, designing the computer to process interface and in the subsequent system development. Environmentally the metalliferous industries create conditions which severely test sophisticated electronic equipment. Care taken in locating and housing this equipment is a major factor in ensuring reliability in Operation.

Jan 1, 1977

By M A. Faizulin, N G. Stukalova

The present till now practice of averaging of ore by metal content at mining-dressing enterprises does not allow evaluating objectively really existing regularities of dressing process. The processing of large statistical data by specially designed methods has revealed the relationships of extracted mass of metals into concentrates when processing of ore at preparation plants. The analysis of the obtained relationships points to necessity of timely control by flows of ore with due account of different sorts of metal. For this problem solving it is offered to use specially designed methods on carrying out of calendar planning of a mining and shipment of ore at open casts, based on ranked arriving of flows of different sorts ores to preparation plant. The given methods includes economic-mathematical model forming and its implementing by worked out method. The formed model allows taking into account different technological and organisation limits, typical operation conditions of open cast and preparation plants. Using this methods of control of mining operations and designed on its basis the complex of software allows increasing volume of metals, extracting into concentrate, up to two per cent without any additional costs and saving of the existing technological schemes at preparation plant.

Jan 1, 2003

Mary Kathleen Uranium Ltd. recommenced operations in early 1976 following a twelve year period of care and maintenance. Several sections of the plant were modified or completely changed for the second operation. The most important change was the replacement of ion exchange with solvent extraction as the means of purifying and upgrading uranium rich Isolutions Most of the problems experienced in the solvent extraction system originate from the leach liquor which has a strong tendency to form stable emulsions. This has been countered by some careful control of leaching conditions and by closer observation of operations in the solvent extraction area. Most problems have now been resolved and plant recoveries are quite Satisfactory.

Jan 1, 1978

By Lewis IE

Copper-lead dross is a by-product of the refining of lead bullion produced by the Imper- ial Smelting Process. This dross contains some 27 percent copper, 50 percent lead, four percent zinc and one percent sulphur. An ammonium carb- onate leach at atmospheric temperature and pressure removed the copper from the dross while the lead zinc and precious metals remained in the leach residue for return to the smelter. The leach solution containing the copper was then purified by liquid-liquid ion exchange using LIX64N in a kerosene diluent. ("LIX" is the registered trade mark of a range of hydroxy oximes marketed by General Mills Inc.) The pilot plant had a capacity of 0.7 kg/h of CuSO4,5H20 and was operated for some fifty days on a two shift basis. Copper sulphate of excellent purity was produced, and the results obtained indicated that a copper recovery of ninety percent from the dross could be expected from a commercial installation.

Jan 1, 1975

By Gelding P. W, van Herk H

The Cattlegrid copper orebody is a concealed thin, tabular sheet localised near an unconformity between two sub- horizontal Precambrian sandstone units. It extends over an area of 1,000 m by 500 m within a wider area of mineral- isation. The ore consists of complex sulphides and is neither massive nor disseminated. It consists mainly of irregular fillings in pore space developed between clasts in sandstone breccias, in fault zones and joints and along stratification planes. Its habit is unique amongst Australian base metal ore bodies. During the pre-development period ore was outlined by percussion holes but in studies leading to investment decisions ore reserves were manually calculated from intercepts and assay results of cores from diamond drill holes. The methods used for estimating reserves in the pre-production and production periods are described and evaluated by comparing mine production during the first five ore production years with the forecasts made.

Jan 1, 1979

This paper will discuss Fordertechnik dawatering screens and their application in process industries. Fordertechnik screens were designed for the dewatering of deslimed, wet fines materials encountered in the mineral beneficiation, sand and coal processing industries. However, these screens have also been used in such industries as municipal waste treatment, paper pulp, chemicals and the food industries. Fordertechnik screens are of simple design and, as a result, offer low capital and maintenance costs. The design is based on the use of twin counter-rotating vibratory motors which provide high frequency, low amplitude linear movement of the screen deck which is essential for high production requirements. Fordertechnik dewatering screens are engineered and manufactured in Australia by Mitchell Cotts Engineering under licence to Fordertechnik GmbH of Mulheim, West Germany

Jan 1, 1984

By Spark R. F

The copper deposits at Pernatty Lagoon are predominately djurleite-digenite bodies beneath the permanent water table, and chrysocolla-atacamite-malachite above the permanent water table. The minerals havebeen deposited as sheets, lobes, and pods in zones suggestive of permeability channels or permeability basius with respect to groundwater circulation.Pyrite is deposited in the form of framboids, which reflects its biogenic origin. Copper-iron sulphides deposit by replacement of pre-existent pyrite, and rarely by direct deposition. The latter mode of formation results in complex crustification bandings of chalcopyrite, bornite, sulphur rich bornites, digenite, and blue remaining covellites. The copper-iron sulphides appear to reequilibrate under constrained oxidation, resulting in an iron depletion and associated copper enrichment, the final product of which is a djurleite-digenite assemblage and associated with goethite. Where copper mineralization/ host rock relationships have rendered the rocks entirely impermeable to post ore groundwater movement, then the copper-iron sulphides are preserved as the ore assemblages.Minor and trace minerals observed include sphalerite, carrollite, galena, wittichenite, and possibly tetrahedrite in the primary ores. In the oxidized ores cllprite, tenorite, and trace brochantite have been found.

Jan 1, 1976

By B Ascott, J Kennedy, A White

At mines with low tonnes per vertical metre, like the Jundee Mine in Western Australia, operated by Newmont Asia Pacific, high development rates across multiple mining areas are critical to achieving the delivery outlined, or promised, in the annual business plan. The challenge is to deliver the short-term requirements while keeping in balance with the long-term strategic direction. Newmont Jundee has developed a system called æMine Planning by QuartersÆ that integrates the planning process with the business process in one end-to-end continuum. Short-, medium- and long-term schedules are reviewed and updated by applying four integrated subprocesses, which capture new information as it becomes available. The four subprocesses are: resource development planning û evaluating mineral resource,reserve development planning û preliminary design for new reserves,mine operating planning û final mine design for reserves, andmine production planning û detailed plans for stoping a proved reserve. Commercial mine planning software is used in these subprocesses to facilitate the flow of information into a central storage æhubÆ for uploading into the rolling business plan. A regular and consistent quarterly review helps to identify and qualify areas of business risk at an early stage, allowing time to plan for contingency and minimise the impact of the risk.

Jan 1, 2008

The optimum plant capacity for a new mine is usually based on empirical studies or ærules of thumbÆ, subject to confirmation by detailed scheduling of the proposed mining operation. The mining industry has a record of poor returns on investment and a high rate of project failure using these methods, with under-performance in grade being a common experience. The assumption that æeconomies of scaleÆ will result from increasing throughput rates needs to be balanced by an awareness of the adverse effects of increasing the rate beyond a level that issupportable by the resource. For each scale of operation considered, it is a reality that for any intended head grade, at the associated intended cut-off grade, the actual head grade achieved will fall as the mining rate increases. This effect is known to people at operations but is not recognised in current ore reserve estimation methodology. Once recognised, this dependency of head grade on mining rate can be quantified and used to establish the economically optimum mining and processing rate for a new project. A simple analysis is proposed, which may be extended to detailed spreadsheet modelling for financialoptimisation.

Jan 1, 2002

By M S. Gallagher

In todayÆs high tech world, systems are getting bigger, faster, better. To remain at the leading edge, in any business, depends on accuratebut flexible design thereby allowing operational managers to providealternatives to improve their operations. The ultimate goal is to deliver to plan, with optimum economics. Mining is no different; with falling prices and escalating costs,improved margins become the focal objective. There are many ways toachieve this, ranging from operational efficiency improvements through production scenarios to planning initiatives. Of all, planning usually receives the least attention, yet it is the area of most influence on the Net Present Value (NPV) of the reserve. With computer technology, numerous concepts and iterations are possible thereby closing the gap between optimal and actual design. This paper discusses the application of the split shell design at the De Beers Venetia open pit in South Africa.

Jan 1, 2001