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By O C. Aitken

Mining project developers are committed to taking on all the challenges and obligations of financial risk management. It is interesting that our current models of project finance have not changed markedly in principle for some 700 years, yet the rules which prepare the way for effective project assessment and subsequent loan management still do not seem to be well understood by project or corporate developers. Probability and gravity fill the opposing trays of the golden balance of financial risk. Understanding the relationship between these opposing, but intimately related elements is critically important for successful risk management. It is important to move beyond the qualitative approach and use quantitative methodologies to measure the financial impact of the occurrence of each major risk. We live in a world where the only constant is change and thus it is not surprising that a bankerÆs life is still governed by assessing, measuring and pricing risk. Banks are attracted to funding well managed companies with strong cash flow projects. But we are more risk averse compared with the credit appetites of late last century. This attitudinal shift has resulted in tougher term sheets for the early 21st century, encompassing more conditions, warranties, undertakings and stronger cash sweep provisions. Banks require well balanced portfolios to achieve an acceptable spread of risk, thus there is a more restricted market for small company lending than that available to large multi-project corporate entities with less concentrated risk profiles. Because of this focus, junior company debt finance remains comparatively expensive and especially so for more challenging geographical and political environments.

Jan 1, 2004

By Bratt G. C, Horsham T. R, Langlois D. R

Mercury is precipitated from weakly acidic sulphuric acid plant waste liquor at the Risdon Works of the Electrolytic Zinc Company of Australasia Limited. Factors determining the choice of process and reagent, as well as details of process development including scale- up, and the time scale of implementation are outlined. The plant is designed for a maximum flow of 120 m3/h.of liquor containing mercury and saturated with sulphur dioxide. Mercury is precipitated by fluidised beds of aluminium pellets contained in lead columns. Liquor is then clarified with plate and frame presses. Experimental work on the mercury precip- itation reaction was conducted in three phases involving a scale-up of 100 times in equipment size. Extensive pilot filtration work was carried out on a 1 m2 press. Scale-up of 120 times was required for specification of plant filters. The basis of scale-up is outlined.

Jan 1, 1977

By Rowena C. Duckworth

The Ocean Drilling Program (ODP) is the largest international geoscience project in the world, and the state-of-the-art drill ship, the JOIDES Resolution, is permanently at sea. Each year there are six scientific cruises (legs) which each last approximately two months. These legs are designed by geoscientists from the nineteen countries that subscribe to ODP. Australia and Canada presently share ODP membership under the banner of the AUSCAN Consortium. The benefits of Australia's involvement in ODP include internationalisation of Australian geoscience, advanced graduate training, and unique scientific investigations of the ocean floors in the Australasian region. In addition, visits to Australian ports by the ODP drill ship, the JOIDES Resolution, contribute up to $2 million per visit to the local economy. Amongst the many other aspects of ten years of scientific drilling, ODP has significantly contributed to our understanding of hydrothermal processes on the seafloor. To date, three hydrothermal sites have been drilled to date by the ODP, Snakepit (MAR), Middle Valley (Juan de Fuca Ridge) and TAG (MAR). Two more hydrothermal sites are scheduled for 1996.

Jan 1, 1995

As near surface deposits are increasingly mined out and pit widths beginto exceed the reach of practical direct-casting stripping machines, high haulage costs can make truck-shovel pre-stripping operations uneconomic. This is compounded because the rate of inflation for diesel fuel oil, lubricants, tyres, etc. exceeds the general rate of inflation. The use of conveyor transport systems, long established in terracemining operations in weak materials, e.g. engineering soils, can provide a viable haulage alternative in pre-strip operations and in some open pit settings. The paper describes the engineering requirements and basic economics of such systems.

Jan 1, 1985

By T A. J Hopper, S Mukkisa, M L. Johns, K T. O’Neill

Technological advances the sensor design and performance for logging while drilling (LWD) instrumentation offer considerable opportunities in iron ore exploration. Here we focus on the development of a nuclear magnetic resonance (NMR) LWD tool. NMR is an advanced geotechnical logging technology capable of providing in situ measurements of the porosity, pore size and permeability of the formation of interest. The ability to provide real-time characterisation of iron-ore systems is beneficial to both drilling operations as well as real-time formation evaluation. The development of an NMR LWD tool for mineral exploration drilling has previously not been achieved due to the significant technical and environmental challenges associated with the design and operation of such a tool. The tool outlined in this work is designed to work in reverse-circulation (RC) drilling systems. As such, the tool needs to be compatible with the RC drill-string, as well as being highly robust to survive the shocks and vibrations experienced during RC drilling operations. The magnetic physics of the probe must be capable of measuring at the appropriate depth into formation whilst being subject to the array of motions experienced during drilling operations. Furthermore, conducting accurate NMR measurements in an iron ore formation is challenging and the measurement methodology must be tailored to characterise the magnetic environment. The tool also requires high-powered electronics capable of operating the necessary pulse sequences for excitation and acquisition. The resultant tool design must therefore optimise the inherent trade-offs which exist between the physical components (ie mechanical structure, magnetic components and electronic hardware) in order to operate appropriately whilst not hindering RC drilling operations. Current experimental analysis of the prototype indicates that the current probe design exhibits the required measurement specifications and is nearing field testing. Future work will look towards commercialisation of the instrument.

Nov 8, 2021

By Niemann G

The paper addresses certain mining provisions of the Aboriginal Land Rights (Northern Territory) Act 1976 and the development of Mining agreements negotiated pursuant to Section 43 of the Act. Difficulties for miners and Land Councils alike arising out of the operation of the Land Rights Act will be discussed. Possible scenarios for the resolution of these difficulties will be proposed.

Jan 1, 1984

By Buttrose RB

The Pine Creek gold mining development consists of a 1000000 tonne/yr open cut mine, a carbon-in-pulp processing plant and support facilities. The operation is located at Pine Creek, 230 km south of Darwin in the Northern Territory. The mine was officially opened in late October 1985, having been designed and constructed in less than twelve months, despite front end expenditure constraints and unseasonal cyclonic rains shortly after commencement of site activity. Non-traditional methods and attitudes were required to be adopted by both Engineer and Owner to successfully bring the project from preliminary design through construction and commissioning in a minimum time. Those areas which differ from the more traditional approaches to Project Management are examined together with a review of the advantages and penalties of these methods.

Jan 1, 1986

By K Barbosa, G Wilkie, F Reyes, V Jokovic, C Evans

The idea behind Grade Engineering is to exploit the natural heterogeneity of an orebody (spatial, temporal) in order to divert low-value waste out of the mining value chain. Essentially, this involves rejecting material at relatively coarse particle sizes (10 mm to 200 mm). However, lack of knowledge about the inherent particle grade distributions in these coarse particle size ranges limits the opportunities for optimisation. Particle grade distributions are essential for quantifying and modelling gangue liberation and yield curves. These curves can then be used to predict the mass and value flows that will go towards the accept and the reject streams. Particle grade distribution information for particles coarser than 10 mm can be collected based on chemical assays of sufficient number of individual particles. However, for smaller particles (1 mm to 9 mm), a significantly larger number of particles is required for assays. Moreover, in some cases, the mass of individual particles is smaller than the minimum mass required for chemical assaying. Also, other quantification techniques such as automated mineralogy, eg Mineral Liberation Analysis (MLA), require extended measurement times to analyse statistically representative numbers of particles at these size ranges. This work investigates the use of 3D X-ray microtomography to fill this quantification gap at these size ranges (1 mm to 9 mm). In-house image processing algorithms are used to estimate the mineral/metal content in each particle. Particle grade distributions, as well as density distributions, are thus produced without a minimum mass requirement and with each scan providing information about tens to hundreds of particles at a time. Mineralogical data from MLA analysis, of finer size ranges, is used to inform X-ray microtomography, so a simpler 3D mineral map can be obtained using the image intensity. Chemical assay information of the scanned samples is used to validate and correct the mineral phase segmentation.

Aug 24, 2022

By Brady KT, Pattenden G

A laboratory size solvent extraction apparatus has been constructed, which incorp- orates three stages of countercurrent extraction, followed by two stages of counter- current stripping. The model uses a gravity flow system from one stage to another and air lift pumps to recirculate organic and aqueous phases. A novel pump/mixer system is used to transfer solutions from the mixer compartments to the settler compartments. The model has proven valuable in the teaching of solvent extraction principles.

Jan 1, 1984

By B Shi, Y Li, L Ma, F Zhou

Subsurface fires are a common threat to coal mining, as spontaneous combustion of coal can potentially result in gas combustion and explosion. Fire-proof techniques, such as grouting, foam, or colloid injection, are not in a position to function ideally, due to the limited coverage and stopping the extinguishment substance from reaching the fire location. Liquid nitrogen, as a kind of all-submerged fire prevention or extinguishing method, can rapidly extinguish fires, thus preventing gas explosion and minimising extinguishment time. Injecting liquid nitrogen through boreholes is an important way during the period of mine catastrophe. But liquid nitrogen is not effective enough in infusion; technical issues restrict the development and utilisation of liquid nitrogen fire prevention and extinguishing technology. Immediate infusion of liquid nitrogen is usually associated with ‘air slug’ (the balloons and bubbles in the pipeline which hinder the flow of low-temperature liquid), which blocks pipelines for liquid nitrogen injecting. Another issue is that the pipeline tends to be damaged due to freezing, which undermines the injecting efficiency of liquid nitrogen and its application result. In order to solve the problems of the low efficiency and some other related field issues in liquid nitrogen perfusion, the ground–underground high efficiency liquid nitrogen injection technology were developed. Implementation of liquid nitrogen infusion techniques in Chinese coalmines achieved the goals of fire prevention and air-cooling. The technique presented in this paper is efficient in absorbing heat, and consequently, displacing oxygen and combustible gases. Field tests at Rujigou and Yangchangwan Coalmine justified the efficiency of the technique. By using this technique, there was no waste left behind, which may impede the subsequent production. The presented technique is of great benefit to the social, economic, and environmental aspects of mining operations, and will have broad applications in fire prevention for large-scale coalmines.CITATION:Zhou, F, Shi, B, Li, Y and Ma, L, 2015. Key techniques and engineering applications of stereoscopic liquid nitrogen infusion for coalmine fire prevention, in Proceedings The Australian Mine Ventilation Conference, pp 291–298 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Aug 31, 2015

The Tavua Power Proprietary Ltd. was created in 1936 for the purpose of supplying electric power, compressed air and water to the mining field.The original share capital was subscribed on a two-third:one-third basis by the Emperor Gold Mining Company Ltd. and Loloma (Fiji) Gold Mines, N.L. In 1940, Fiji Mines Development Ltd. (later changed to Dolphin Mines Ltd.) was admitted as a shareholder, and, in 1950, a further change occurred. The present shareholding in the Company is as follows:A central power station was decided upon to reticulate power and compressed air over the whole field and building commenced in May 1936.The original plant comprised three Belliss and Morcom diesel generating sets 770 b.h.p. 525 kW 3,300 V, 3 phase, 50 cycle; one Belliss and Morcom diesel compressor set 2,09'0 cu. ft. of free air per min. at 90 lb. gauge 300 r.p.m., and two small Ruston-Holman diesel compressor sets each of 525 cu. ft. capacity taken over from Loloma (Fiji) Gold Mines, N.L., and the then existing Koroere Gold Mining Company.BuildingThe original building was 130 ft. long by 47 ft. wide with an elevated switchgear annex on the west side from which a clear view of the engine room is available.

Jan 1, 1953

The earliest suggestions that some metallic ore deposits might have resulted from seafloor volcanic exhalation seem to have been those of Elie de Beaumont in 1847 and Henry de la Beche in 1851. In 1885 Tinoco, and Bouglise and Cumenge, independently investigating-.the manto copper deposits of the Boleo district of Baja California, proposed that these had formed on the seafloor by precipitation from "hydrothermal submarine emanations". Some twenty years later the Japanese geologists Kukuchi and Tsujimoto (1904) put forward the idea that the Kuroko ore- bodies were seafloor volcanic sinter deposits and in 1919 this was re-affirmed by Ohashi. In 1909 the English geologists Thomas and MacAllister postulated a similar origin for some of the gold deposits of Mount Morgan in Queensland. Between the wars the great European economic geologists Niggli and Schneiderhohn both clearly recognized a class of seafloor hydrothermal deposits. The idea rose again immediately after the Second World War in a very clear statement by Hegeman in 1948, which was followed by contributions by Ehrenberg and Kraume and their co-workers on the submarine volcanic origin of the Meggen and Rammelsberg orebodies in 1954 and 1955 respectively. In 1955 the present writer, quite unaware of early or contemporary work on volcanic exhalative ore deposits, proposed a volcanic sedimentary/diagenetic origin for the stratiform base metal ores of SE Australia. In doing so the writer emphasized the probable importance of island arc volcanism, suggested that some "metallogenetic regions" of ancient terrains were in fact old island arc systems, that the composition of the ores might be related to the composition of the associated volcanic rocks and that such ores would be tied to volcanic stratigraphy. Ideas on relations between volcanism and stratiform ore genesis have thus been evolving over.a period of some 140 years and, beginning with the observations on Baja California in 1882, work round the rim of the Pacific has made an important contribution over a period of more than 100 years.

Jan 1, 1987

By D Xu

BHP Billiton Iron Ore is one of the world’s premier suppliers of iron ore. It currently has operations in Western Australia and Brazil and also has some iron ore interests in West Africa.BHP Billiton’s Optimisation R&D team has developed a proprietary mine planning optimisation tool that uses a mixed integer linear programming (MILP). This tool is called Blasor and it is used to rapidly evaluate the resource development potential (RDP) scenarios for the company’s business development strategy. In addition it generates life of asset (LOA) mine plans for the company’s operations and growth projects. The Blasor optimiser maximises the discounted operating cash fl ow (DCF) as the objective function, subject to mining, processing and transportation capacity constraints and blended product quality constraints. The paper will outline how Blasor has been applied to the resource development potential (RDP) strategy scenario studies, growth project evaluations and LOA mine planning within BHP Billiton Iron Ore.The practical application of Blasor to resource planning optimisation within BHP Billiton Iron Ore has demonstrated the value of such a tool for optimising strategic directions through the evaluation of a number of carefully proposed scenarios and maximisation of operational decisions, such as cut-off grade, open pit development sequence, etc. Particularly for the company’s business development direction studies, Blasor plays the role of a fair valuation tool in that it discovers the most valuable resource development scenario, thus establishing a sound basis for comparing the economic merits of each scenario.

Jul 11, 2011

By Yanagase T, Nakamura T, Ueda Y

The possibility of removing the phos phorus and sulphur contained in steelmaking slag has been studied by observing directly through the microscope melts heated on Pt- filaments. After a CaO crystal was placed in the molten slag, distributions of P, S and other elements formed around the CaO crystal were determined with the aid of EPMA. The results indicated that a layer of 2CaO SiO2 is formed on solid CaO in CaO-Si02 melts. Then between CaO and the newly formed compound the molten slag tends to migrate through cracks. For higher Fe 2 03 contents, the layers of the compounds 2CaO.Si02 and 3CaO SiO2 formed around the CaO crystal are not continuous but look more like particles, which promotes the dissolution of CaO. Phosphorus in slag was found to be enriched in the 2CaOòSi02 layer. Phosphorus in the 2CaO SiO2 phase is not related to the primary slag composition, being about 5-7% P205.. Sulphur in slag,as well as the phos- phorus,was concentrated in the 2CaO.Si02 phase. Disintegration due to weathering observed for slags produced in these investigations appeared to be due principally to hydration of lime.

Jan 1, 1980

The high cost of sampling systems is largely due to the fact that indiv- idual mechanical type sampling units must be installed at the discharge end of ore/pulp pipelines, that is, at points where the pipeline discharges into pump sumps or the like. A considerable economic advantage may be obtained in the use of a samp- ling device that can be installed at any point in the path of the trans- porting pipe line. Initial tests on a vertical line with an injection sampler using iron ore concentrates reveal the validity of this type sample versus that taken with a mechanical sampler. A descrip- tion of the injection sampler shows its simplicity of installation, requir- ing minimum downtime on existing lines.

Jan 1, 1976

By M J. Nugus

The structural models developed by exploration and mining geologists are most commonly concerned with the ‘main structures’ or key constituents that pertain to the associated mineralisation. To this end, it is recognised that the geological and exploration models, which are developed, are essentially ‘fit for task’ and the scale-related variances are not always realised at an early stage. In fact, in many cases anomalous intercepts along different trends and of variable apparent continuity have often been neglected as ‘back scatter’ and not important. Recognition of the importance of subordinate structures as mineralising hosts suggests that additional opportunities exist outside the primary and main structures. History shows that opportunities are often not realised where gold is hosted in orientations not parallel to the predominant trend of the schistosity, main fault or shear zone.Another reason for the importance of subordinate structures can be understood from their roles in a percolation network. Subordinate structures can access the large fluid fluxes provided by backbone elements, but, as dangling elements, they provide greater opportunities for gold precipitation mechanisms and hence may constitute essential parts of the resource. Therefore, the role, understanding and consideration of the smaller-scale and orthogonal structures should be considered during all facets of exploration, resource development, delineation and mining.

Aug 22, 2011

The mineralogy of regolith material for which whole rock geochemistry has already been done can be used to better understand/rank the significance of geochemical anomalies. Case studies show that the secondary minerals of the regolith environment have quite different capacities to incorporate pathfinder and target elements, eg hematite appears to be a better host to Pb than goethite and Pb rich alunite-jarosite minerals are a better Ag host than mimetite. Thus correlations between elements in regolith material may be strongly affected by mineralogy. Understanding of the significance of a geochemical anomaly is frequently enhanced by knowledge of the weathering susceptibility of different minerals. For example, when a mineralogical sequence which does not correspond to the expected order is found (eg feldspar overlying weathered material without feldspars) it is possible that transported material is present in the profile. Such mineralogical information is particularly relevant as exploration continues into areas of thick regolith.

Jan 1, 1997

The Mt Newman Beneficiation Plant uses a combination of heavy media deans, heavy medium cyclones and Reichert cones to produce saleable iron ore concentrates from low grade iron ores. The aim of this paper is to discuss score of the changes that have been made to improve the operation of the heavy medium circuits.

Jan 1, 1987

The Porgera gold deposit in the Papua New Guinea highlands contains about 387 tonnes of gold. The results of its exploration show the benefits of persistence and commitment to this difficult deposit. The mineralization consists of a complex intermix of auriferous and argentiferous sulphides, gold tellurides and free gold as disseminations, veins, stockworks and breccia matrix. Its deposition was structurally contolled within a system of mafic diorite intrusions and adjacent sediments. Two styles of alteration accompany the mineralization. Gold grades vary erratically throughout the deposit. Over a period of 22 years nine phases of exploration have been undertaken by six companies or consortia of companies. Surface rock chip sampling, geological mapping followed by scout and systematic grid diamond drilling have been the most successful exploration tools. Exhaustive metallurgical process investigations and economic evaluations of mining options have been invaluable in guiding the exploration towards defining the ore body. Impetus was given to the project during times of flagging enthusiasm by several important discoveries and a breakthrough in the metallurgical processing approach. The discovery of high grade ore deep in Zone VII in 1984 turned this marginal deposit into a potentially very large gold mine.

Jan 1, 1987

I stand here as a financial advisor who has been particularly close to the whole concept of reporting, independence and all the issues that are brought together in Release 149. However, I was asked to introduce this session by dealing with matters of Prospectuses, Part B's, 3J3's, 12G's and other requirements to report. Now I find it very interesting that one of the keynote issues is whether or not one should have a panel from which one chooses the so-called expert, and this is to deal with the question of independence.

Jan 1, 1989