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Delivered by K. B. Gross at the First Ordinary Meeting of the Australasian Institute of Mining and Metallurgy, August 18th, 1952.Mr. President, Ladies and Gentlemen:Confronted with the task of reviewing the progress of Mount Isa Mines Limited, since the inception of the Company 28 years ago, I soon found that effective coverage was a task beyohd me, if I were to confine the address within the limits of time allowable. Faced with the alternative, a summary, that could only fail to -do justice to the subject, I turned elsewherl? for inspiration and found it in Chester Wilmot's book "The Struggle for Europe". Those of you who have read this masterly contribution to the literature of World War II will recall that he takes us, most dramatically, behind the scenes and we learn of the thoughts and ideas that were uppermost in the minds of both allied and enemy leaders at times when decision's that profoundly influenced the course of the war were taken. I felt I could safely follow this rather novel approach to my own problem. Strengthened by the realisation that the technical achievements of the Company have largely been covered over the years, and that the results of our labours are mainly here before you, I have attempted to liven up my modest canvas by going behind the scenes, and have sought to deal with ideas and the reasons for important decisions, rather. than to embark upon a purely descriptive essay.If then, you will bear with me, we shall skip back through the years to the days of struggle that our President's address has so aptly covered, and find that one man's ideas and faith stand out beyond all others. W. H. Corbould must always be credited with having founded the enterprise, for he correctly appraised the potential of the struggling prospect and foresaw what could be done, despite the handicaps of geography, climate and need for heavy expenditure.

Jan 1, 1953

Discounted cash flow (DCF) methods are well suited and recommended as a primary valuation method for mineral assets for which there are at least indicated resources and some form of feasibility study containing engineering, production and capital and operating cost data. DCF methods are also applicable as a secondary or check valuation method for exploration properties for which no technical study has been prepared. For projects where little or no engineering, production and/or cost data is available, the process of formulating a project concept by specialists who do not possess experience and expertise in the relevant technical faculties is totally rejected as a basis for applying DCF techniques as a primary valuation method. Such an approach runs counter to The Australasian Institute of Mining and Metallurgy (AusIMM) requirement to apply relevant expertise to specific aspects of mineral valuation. Technical and commercial inputs to mineral valuation should be reviewed by specialists who have specific expertise in the relevant disciplines, and should be tempered by the quantity and quality of technical evaluation which has been undertaken and the development status of the asset.

Jan 1, 1994

Over years of exploration the massive and tabular orebodies in the area to the South West of Western Areas Gold Mine had been assessed as containing about 50 million ounces of gold û a world class orebody. Planning initially was for a surface and subvertical shaft system to exploit this area but because of cost, a single lift shaft to an area which could be accessed ex Western Areas was planned to intersect the reef at 2760 metres. It was also planned to mine out the shaft pillar area long before the deep shafts would reach that position. This is not the normal practice in South African Gold Mines. The stoped out shaft pillar was backfilled to minimise movement in the shaft sites. The result of a competitive tender/adjudication process was that Cementation Mining û Skanska won and was awarded the R192 million contract to sink the Main and Ventilation Shafts on 15 June 1995. On 1 April 1999 Western Areas and Placer Dome SA formed a Joint Venture, which now owns and operates the mine on which the South Deep Shafts are situated. This situation prevails today.

Jan 1, 2002

By Nash B. G W

In June 1976 a 600'tonne/day manganese ore sinter machine, with on-strand cooling, was commissioned at the plant of Tasmanian Electro Metallurgical Company Pty. Ltd. at Bell Bay, Tasmania. This machine was installed in order to utilize manganese lump ore screenings generated in the preparation of raw materials prior to charging to the electric smelting furnaces at Bell Bay. Since commissioning, trial sintering of a number of different grades of manganese ore fines from Groote Eylandt Mining Company Pty. Ltd, has been conducted and suitable sinter has been produced from these different grades. The sinter produced is used as part of the furnace burden in both ferro manganese production and silico manganese production. The inclusion of sinter as part of the charge in the production of ferro manganese has considerably improved furnace operating conditions and performance.

Jan 1, 1977

Mining projects draw together stakeholders with various degrees of experience in managing and assessing financial risk. When this risk is not fully appreciated or quantified, the potential for making decisions not suited to investor requirements is significantly increased. A feasibility study provides key information on project development potential, requiring detailed technical investigations with thorough financial analysis. Centaur Mining and Exploration (CME) owned and operated Cawse Nickel Operations (CNO), one of three Australian projects to develop and process vast amounts of near surface nickel resources. A technical ædue-diligenceÆ and æbankable feasibility studyÆ confirmed the large resource base, newly applied yet tested technology and relatively low unit costs would produce nickel in the lower half of industry operating costs. A number of production variables including capital requirements, delayed start-up, nickel grade, processing, maintenance and product output were outside the feasibility estimate. This was combined with exchange rate fluctuations and lower Ni prices. The inability to generate adequate cash flow and service debt repayments ultimately led to receivership and liquidation of all assets. Following the sale of CentaurÆs gold and nickel divisions, $A 784 million remained outstanding to creditors. This paper aims to define key issues leading to CNOÆs collapse by reviewing feasibility parameters, valuation methodology and project development. Some methods of assessing project viability are discussed with the aim of increasing stakeholder risk awareness.

Jan 1, 2003

Chairman Bob Dennis, Ministers Frank Walker and TonyMcGrady,ActingMayor Bob Moore, other distinguished guests, fellow delegates to this Carpentaria and Mount Isa Regional Development Forum.Firstly I would like to congratulate the North West Queensland Branch of the AusIMM, and particularly its Committee, on what has been a verysuccessful Forum by any measure and for their kind invitation to me to participate in this Forum.

Jan 1, 1993

By S Vink, V Nanjappa, C J. Moran

Poor quality water resulting from interaction of surface run-off with saline mine spoil and soils can cause significant problems for water reuse on mine sites. Not only can this saline water lead to machine corrosion and increased maintenance costs, but may cause detrimental effects on the environment. Determining the geochemistry of mine spoil, and the likelihood of salt dissolution during rainfall events, may aid in more effective mine site management of water. Spoil samples were taken from three areas of the German Creek mine site, situated in the Bowen Basin coalfield, Queensland. Samples from two undisturbed areas on the lease were also collected for comparison. Analyses were performed using a variety of laboratory techniques: leaching tests, effective cation exchange capacity determination, X-ray diffraction, clay quantification, and total organic content determination. Results show that dissolution of surface (top 2 cm) salt minerals from spoil areas is an important contributor to surface run-off salinity during rainfall events. Equally, ion exchange with clay minerals appears to be a significant source of elevated ion concentrations in run-off waters. Findings from the undisturbed areas show undetectable quantities of salt mineral species, resulting in waters with low ion concentrations. More generally, monovalent cations (sodium, and to a lesser extent potassium) appear to be derived from dissolution of salt precipitated whereas divalent cations (calcium, magnesium) are more likely to be sourced from exchange reactions with clay minerals. Incorporating knowledge about the mechanism of cation mobilisation from spoil with the spatial distribution of spoil properties and understanding of the dynamics of water quality variations on the site will aid in development of integrated water quantity and quality management strategies.

Jan 1, 2009

By P W. Cleary, M D. Sinnott

Cross-belt cutters are commonly used for sampling coal. They are generally cheaper than falling-stream cutters, particularly when a cutter must be retrofitted. The major mechanisms thought most likely to lead to sample bias are being investigated by discrete element modelling (DEM) in a project funded through the Australian Coal Association Research Program. This paper describes a benchmark run and the current direction of research.

Jan 1, 2008

By Chen J, Sun ZY

The present paper gives the design of a new HGMS for magnetic separation of sulphides. The main characteristics of this HGMS are using iron-cladding saddle-shaped magnetic coil for instead of the ordinary magnet, and combining reciprocal-linear motion with vibration to actuate the separation box, and the magnetic field intensity is high up to 2T as well. For improving the magnet system design, a modified finite element method is used to calculate the distribution of magnetic field intensity of separation space of the magnetic coil, and accordingly the calculation results the magnetic leakage coefficient can be determined easily, thus designers apart from the empirical way. KEYWORDS: HGMS, reciprocal motion and vibration, finte element method, saddle-shaped coil.

Jan 1, 1993

By Walton DR

It is self-evident that the availability of well qualified and experienced people to manage mining operations is vital to the success of an individual mine and to the ability to develop new mines either in Australia or overseas. For larger operations the term "mine manager" is here used to denote a range of positions within an individual company. Thus "mine managers" may be people managing individual mines at one geographic location with overall management provided by other "mine managers" in the roles such as mine super- intendents, production managers, general managers, etc. Smaller operations may have only a single level of management nominated as "mine manager".

Jan 1, 1980

This paper summarises the performance of the gold exploration industry in the Western World since 1970, with particular emphasis on the period 1985 - 2003. It identifies the number and size of major (ie >1 million ounce) primary gold discoveries made over this period by location and type of company. Estimates are also made of the likely contribution from smaller discoveries down to 0.1 million ounces. It also assesses the overall trend in the percentage of grassroot discoveries that are converted into mines, and the time taken to get them into production. By comparing the discovery data against total exploration expenditures it is possible to determine the average unit cost of finding a major gold deposit. It is significant to note that the average unit cost per discovery and per ounce of resource has tripled over the last 30 years. An attempt is made to determine the overall economic value generated by the industry. This is based on a detailed analysis of the rates of return and the Net Present Values (NPVs) of 109 major gold projects. After including an adjustment for discoveries not modelled, the NPVs are compared against the total amount of money spent on exploration to determine the value-to-cost ratio for the industry. Based on historical spot gold prices and tax rules, it is found that the return on investment for gold exploration in the Western World over the period 1985 - 2003 was around five per cent real after-tax. The returns achieved in the US and Australia was significantly higher than that for Canada. The returns also appear to have declined in recent years. With regard to the relative performance of junior versus major companies, the paper estimates that the junior sector accounted for 30 - 40 per cent of the total exploration expenditure, and were was associated with 34 per cent of the total number of major deposits, 27 per cent of the contained ounces and 25 per cent of the economic value found.

Jan 1, 2004

As the gold price, and consequently ore reserves, improved in the late 1970's, a programme of upgrading the gold recovery circuit at the Phoenix treatment plant at Central Norseman was initiated. The introduction of oxidised ore with a high clay content from the North Royal open cut caused a reduction in thickening and filtering capacities, which in turn restricted plant throughput and increased gold losses in the residue solutions. Test work into alternative washing facilities showed that the installation of a five stage counter current decantation system would restore throughput and reduce soluble gold losses. Installation of the system achieved the objectives of increased plant tonnage, increased proportions of the high grade oxidised ore in the mill feed and decreased gold losses in the residue waters.

Jan 1, 1978

By Forssberg KSE

Purification of GAsgruvan Limestone is carried out by anionic, cationic and cationic followed by anionic flotations in order to obtain a calcite concentrate that is acceptable to the paper industry. The results indicate that such a concentrate could be achieved by first carrying out the separation of siliceous gangue minerals by cationic flotation followed by the separation of carbonate during the anionic flotation. Stearylamine acetate (Flotigam SA) and a modified fatty acid (OMC 357) are found to be selective during cationic and anionic flotation, respectively. A final product containing 99.25 per cent calcite with a recovery of around 80 per cent is obtained. It is hoped that these results could be further improved by the follow-up process variable studies, in particular, the effect of reagent dosages and conditioning time at each stage of cationic and anionic flotation steps.

Jan 1, 1993

The following is a discussion of a new approach to safety when developing or applying a new mining technology. In the form of an engineering process, the following approach had its inception in the military and aviation industries and is also very strongly evident in the chemical industry.The process has been developed and applied in the mining industry by the author. It is called 'Incremental Development and Management of New Technology'.The process is a composite of carefully selected System Safety Management, System Engineering and Financial techniques and methods. It consists of modules which can be modified to suit the requirements of a specific project. Modules provide an organised framework of activities to facilitate a gradual acquisition of pertinent knowledge and information and to enable progressive evaluation or verification of produced outcomes against specified requirements.

Jan 1, 1992

The nature of exploration in Australia is reviewed from its inception to the present time. It is seen as consisting of three phases: the first, prospecting; the second and third, mainly company-based activity. The first yielded the discoveries on which the mining industry was originally built. The great recent growth of the industry has been due mainly to the discoveries of the third. The technical, organisational, legis- lative and other aspects are reviewed. The overall result has been a very great increase in the known mineral resources and, viewed collectively, exploration is seen as providing the principal means of assessing, evaluating and building up the nation's mineral resources.

Jan 1, 1973

By Enichlmayr E

Lignin grouts are cheap and easy to get. They have some desirable properties, but they aag less used now because environmental pollution is often caused by Cr from the lignochrome component of the grout. Their usefulness was researched in an earlier paper on lignin as a grout from other viewpoints. A non-toxic grout FUL was made composed of furfural, urea and lignin. After initial tests, including tests by spinning regression design, some response equations in which FUL's properties are described were obtained. Optimum formulations have been established by using optimization methods based on response equations. The engineering quality was assured by formulations whose properties were measured in further tests. The mechanical feature of gelling sand was measured by means of triaxial tests. This provides a basis for using FUL grout in-situ. Finally, an in-situ experiment on FUL was completed successfully. The results were that cracks in stratum were filled or blocked, the gelling of FUL had high strength, and low permeability and consolidation were achieved.

Jan 1, 1988

By Morgans DJ

The aim of this paper is to highlight the social aspects involved in the preparation of environmental impact studies (E.I.S.'s) for mining developments. In particular, the paper will reveal that the social information provided in such E.I.S.'s can achieve much more than simply satisfying government requirements. Such information can form the basis of a strategy to deal with the settlement of a mine workforce in either an existing or newly developed community. A strategy of this type can go a long way towards avoiding many of the social problems and related industrial disputes often created in such circumstances. It will also be of significant benefit to the mining company in negotiating its infrastructure package with the local authority.

Jan 1, 1987

Although the diesel engine is normally considered a tried and proven power source, many new and exciting diesel design concepts are being evaluated in engine development laboratories around the world. Three such programs currently underway at Cummins Engine Company are discussed. The turbocompound engine converts into power exhaust heat energy which is normally wasted. It does this by incorporating after the turbocharger a low pressure gas turbine which is gear driven to the crankshaft. The adiabatic engine has no conventional cooling system. It converts into useful power most of the heat energy normally rejected to the coolant. The series boost turbocharged engine uses seperate low and high pressure turbochargers to increase engine output and improve transient performance. These design concepts make possible increases in diesel engine thermal efficiency from the current 33 to 38 per cent range to the 50 percent range.

Jan 1, 1982

The use of rubber-tyred equipment in a decline mining system requires that roadways be kept free of running water. At Renison this is achieved by the use of stage pumping or gravitating to a major pump station and pumping from there directly to the surface. The frequent use of pick-up lines and pump boxes in the decline system provides a method of water control and reduces the amount of slimes in pump lines. The Bassett Fault structure, which lies on the hangingwall of the mine is the major source of ground water. This is encountered in diamond drill holes and exploration develop- ment. Dewatering of this structure is possible by controlling the flow from selected holes. Future pumping requirements may be predicted by analysing changes in the level of the water table and by calculating dewatering rates required to maintain ore reserves available for production.

Jan 1, 1977

Qualitative measurement of respirable dust in metal mines is limited and an example of this is demonstrated at Northparkes Mine, where operational experience was sought for measuring dust standards and identifying exposure limits. However, relying on operational experience has limited value due to variation in observations from person to person and is based on visible dust (which is larger in size than respirable dust). However, with sophisticated dust measuring equipment, like the real-time aerosol monitor, dust concentrations can be accurately measured and recorded concisely. Research conducted as part of a collaborative agreement on behalf of Northparkes to launch an occupational dust monitoring program was implemented on the mine site. To form the basis of this research, it was hypothesised that no proper dust measuring testing at the mine site had been adequately identified. In addition, existing occupational hygiene monitoring programs did not adequately quantify employee exposures to these hazards. This project will outline the results of an occupational dust monitoring program, hence greatly improving the capacity to quantify the health risks posed to employees.

Jan 1, 2008