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By Sharwood M

Welcome to the morning of the second day of Minval '89. There are some three hundred and fifty of us here today. That represents certainly the most influential gathering of the mining and investment community in Sydney for a very long time, and on behalf of the Institute I bid you all a very great welcome. Due to the pilots' strike some of you have arrived by very unusual methods and others have travelled long distances. So for those of you that have made a special effort, thank you very much. Inevitably some people have not been able to get to Sydney and this has led to some minor programme changes. I'd like to thank our sponsors. Our underwriting sponsors are Energy Resources of Australia, Neil Cole & Associates, Resource Finance Corporation and Robertson Australia Limited, and to those firms thank you very much. To our major sponsors, County NatWest, I would like to say a particular thank you. County is the lead sponsor for Minval '89. They've :made an important contribution to the programme, and we're indebted to them for this support. We look forward to County's continuing involvement in the programme today. County NatWest is a major participant in the Australian equities markets and a growing merchant banking organisation in this country. It's parent organisation, National Westminster Bank, isa leading UK domiciled bank which is also active in Australia. This session is the Pancontinental Mining Ltd sponsored session, and I'd like to record the gratitude of the Australasian Institute of Mining and Metallurgy to Pancontinental for its generosity in sponsoring the session. This morning's session focuses on valuation and follows on from yesterday's proceedings which looked particularly at the impact of NCSC draft Policy Release Number 149. Robert de Crespigny, who was to have been the Chairman of this morning's session, has had some special problems with the pilots' strike.So we have the privilage to have in his stead Michael Sharwood.

Jan 1, 1989

By Stuedel J

Starting from comprehensive programme systems for monitoring tasks of any kind, this paper follows the steps of the programme system hierarchy from top to bottom. The monitoring and control centres for entire production units, the subordinate centres, i.e. district control centres, the microcomputer based autonomous control systems, and data input by mobile terminals are discussed. To an increasing extent, the main emphasis is shifted from monitoring and control of individual machinery to optimized operation of extremely complex comprehensive systems. Network displays, for instance displays of production, transport, supply- and evacuation-networks as well as of safety systems, gain increasing importance. Personnel deployment systemsand planning networks as well as stocktaking and accounting are more and more closely linked with the above-mentioned networks. In order to keep development and application (purchasing) costs low, and to assure compatibility, the use of standard modules is to be assigned particular importance. New module developments are introduced, and the design of standard interfaces for computer and module coupling are discussed.For conclusion, a short view is given on the opinion of the line manage-ments on how future hierarchic systems should be featured in terms of individual units and overall systems, and used.

Jan 1, 1985

Coal Mining Land Use on the southern coalfields often preceded other land uses. Over the past century overlying land use has altered significantly, particularly with water supply storage development, road system building, railways, pipelines, electricity reticulation schemes and general urban develop- ment. National Parks were declared over coal bearing lands. Little regard was paid to the coal under the land surface by land developers, Government instrumentalities, central planners and the Metropolitan Water, Sewerage and Drainage Board and others, and little value was placed on this valuable energy source. These bodies derived no benefit from the under- lying mineral. In these circumstances, mine operators and such surface land users were put into adversary roles. Mass sterilisation of coal resources resulted. The loss of reserves continues, although the problem has become better under- stood. An Energy Impact Statement (EIS) submission by all surface land developers has been proposed as a means to justify the impact of the development on the coal reserves Beneath.

Jan 1, 1979

By James S. E

Financial risk of environmental problems is the key to many important business decisions within the mining industry. Massive uncertainty makes it difficult to choose a strategy for managing environmental problems to reduce corporate financial exposure to environmental impairment. A correct and practical method exists to clarify the risks and help make decisions. A case study on an insurance problem illustrates the method.The approach used is to translate existing data on environmental problems into probabilistic expressions of financial risk, and organise the expressions to reveal alternative solution strategies for the insurance problem.

Jan 1, 1993

By McGaffin I, Loah J

PT Newmont Minahasa Raya (PT NMR) is an Indonesian joint venture subsidiary of the Newmont Gold Company of Denver, Colorado, USA. PT Newmont Minahasa Raya operates a 700 000 tonne per annum gold plant in the Minahasa region of North Sulawesi, Indonesia. At full capacity the plant is expected to produce an average of 150 000 to 180 000 ounces of gold per year until the year 2007 based on current existing reserves.Exploration began in 1986 and high grade mineralisation was discovered in 1988. Subsequent drilling defined a resource of approximately 2000 000' ounces. Reserves as of 1 January 1997 were 7 035 000 tonnes grading 8.46 grams per tonne, for 1 913 000 contained ounces. Metallurgical testwork commenced in 1991. Construction of the plant started in late-1994 and the first gold was poured in March 1996.

Jan 1, 1997

By Maiman R

One method of forecasting prices of metals is based on analysis of historic relationships between prices, inventories and consumption. The first, but generally overlooked step in this analysis should be to remove from the inventory and consumption figures the effects of seasonal variations. The next step is to construct diagrams which show prices plotted against ratios of inventories to consumption. These diagrams indicate that, when inventories are high, prices show little response to changes in inventories. Below a critical level of inventories, however, the psychology of the market changes and small changes in inventories lead to large moves in prices. The critical level of inventories is termed the "pinch-point"; the diagram which shows prices in relation to ratios of inventories and consumption may be called a "pinch-point diagram".

Jan 1, 1990

By Smele J. S, Dawes W. D

In recent years there has been a trend among mining companies to diversify exploration and development away from the countries that have dominated mining activity for the latter half of this century. With some exceptions, this trend is accelerating and is a function of the recognition that many parts of the world, with no previous exposure to modern exploration, are endowed with considerable mineral potential. In addition coincident with changing political and economic circumstances, many countries have recognised the benefits of attracting international mining investment and have radically changed policies, fiscal and legal regimes so as to encourage exploration and mining. Some countries, however, have not readily accepted mining for cultural or social reasons and have yet to make effective changes to mining legislation. For historical reasons, other countries may have little or no direct experience of western economics, nor may they fully recognise the need for stability and competitive fiscal and legal systems to attract foreign investment. Not all ventures in new countries have been commercial successes and there have been some lamentable and recent lapses from grace. Company strategies, company standards and management objectives can also vary widely from company to company. What may be an acceptable risk or rate of return for one may be completely

Jan 1, 1997

By Hoppe AJ

Drilling and shooting techniques at Moura open-cut have evolved over a period of 16 years and are the result of hard earned experience combined with established practices and consul- tation with professional services. The wide range of overburden types encoun- ted in the field requires varying methods to achieve the best results at all times. Safe working conditions for the employees and protection of mining equipment is of para- mount importance and close liaison is maintain- ed with the Department of Mines Queensland to keep abreast with changing legislation. Drill patterns, charging profiles, types of explosives and ultimate results are des- cribed in detail along with a resume of equip- ment. Costs of drilling, labour and explosives are also analysed with a total of approximately 20c per cubic metre of shot ground. Future developments and improvements to facilities are also outlined.

Jan 1, 1978

By Chugh Y. P

A generalized void diffusion model for subsidence prediction has been developed based on theoretical concepts and physical principles. The general form of the model is a three-dimensional differential equation. With a few assumptions on the characteristics of overburden strata overlying typical room-and-pillar mining or longwall mining systems, specific solutions for the differential equation were obtained. A brief description of these solutions and their applications in the United States and China are presented in this paper.

Jan 1, 1992

This paper describes the application of a three-dimensional finite element modelling tool to help assess the stability of a highwall at a Central Queensland mine following the weakening of its base due to highwall mining. With traditional stability assessment techniques, likely failure modes are identified on the basis of previous experience and structural, sedimentological and geomechanical data and a mechanistic analysis of these individual modes is performed. The value of the full three-dimensional model over these traditional techniques is that it provides a coherent approach to assessing highwall stability without the necessity of initially deciding upon the dominant failure mechanism and gives a useful adjunct to the traditional tools. The three-dimensional model assumes the rock mass is made of elasto-plastic blocks, incorporating possible planes of weakness, separated by near horizontal joints. The model includes the relaxation of stresses due to the excavation of the highwall and incorporates estimates of blast damage near the highwall surface

Jan 1, 1995

Revised throughput rates, as a result of current mining methods and tight controls on mine dilution, have dictated a change in metallurgical philosophy at Renison Limited. Emphasis on throughput capacity increases has altered to a reduction in circuit complexity and operating costs. Extensive surveys of the gravity and cassiterite flotation circuits led to several plant modifications between August 1989 and March 1990. The coarse and fine gravity retreatment roughing tables were by-passed, the coarse gravity retreatment roughing tables were re-commissioned, the cassiterite flotation rougher capacity expanded and the gravity regrind cyclones re-configured.

Jan 1, 1991

The Woodcutters deposit, 65 km south- southeast of Darwin, N.T., consists of a series of veins of pyrite, sphalerite, and galena with some silver, cadmium, antimony, and arsenic minerals. The veins are hosted by the Early Proterozoic Whites Formation, a sequence of black slates with interbedded carbonate rocks and minor ash tuffs. The known orebodies occur about 300 to 500 metres above the contact of Whites Formation with the underlying Coomalie Dolomite, which consists of dolomite and magne- site. The stratigraphic setting is lithologic- ally similar to that of the Mt. Isa deposit, Queensland. The orebodies are replacement veins occ- urring along fault and dyke structures which are sub-parallel to the axes of a double-nosed faulted anticline. The orebodies are in part associated with two unusual carbonatized lam- prophyric dykes. The dykes were intruded after the fold and its slaty cleavage were formed. The ore has replaced the dykes and host rocks and is therefore late-stage hydrothermal miner- alization. The known orebodies are open at depth. A "bonanza" of high-grade ore occurs at the upper part of the largest orebody and is currently the subject of an open cut mine planning study by a consortium of companies headed by Nicron Resources Ltd.

Jan 1, 1984

By Dunbavan M, Mallett C. W

The sequence of development and back analysis of the failure of a spoil pile in the 1B pit of the Moura Mine are given. The mode of failure was a two-wedge mechanism with a basal slip plane passing through a clay band about 2 m below the pit floor. Remedial actions for improving spoil pile stability are discussed.

Jan 1, 1981

By Tyler DB, Thin LGT

Coal mass strength properties must be estimated to obtain realistic estimates of coal pillar strength. The limitations of existing techniques for approximating these properties are discussed. The coal mass is anisotropic. The Hoek and Brown approach to rock mass property estimation is modified to allow for this. This approach requires the Rock Mass Rating (RMR) for the strata. In the normal case where bedding is sub-horizontal, these major planes of weakness have little effect on the strength of pillars. As a result of this the RMR must be measured parallel to bedding. This means that a significantly higher rating than that usually obtained for coal is observed. The use of mass strength property estimates in extant empirical relationships is outlined. At high width to height ratios, an acceleration in the rate of increase in pillar strength with increasing width to height ratio has been observed. The empirical relationship developed by Salamon (the so called squat pillar formula) takes account of this. This relationship was found to have significant limitations with respect to its universal application. Modifications are made to Bieniawski's empirical formula to extend its use to large width to height ratio (squat) pillars. This new squat pillar formula has none of the disadvantages associated with Salamon's relationship. Strain softening was incorporated into non-linear finite difference numerical modelling to estimate pillar strengths. The technique outlined above is used to obtain peak coal mass properties. Modelled pillar strength was found to be sensitive to both peak and post peak mass strength properties. Post peak properties were found to be difficult to obtain and required some back analysis. Modelling results were used to estimate both the strength of squat pillars and parameters for use in a new squat pillar empirical strength relationship.

Jan 1, 1992

By O. J. RICHARDS

The Wongawilli system of mining has been in use for over 30 years and has enabled high production rates and acceptable extraction ratios to be achieved in seams less than 4 m in thickness. A modification of the Wongawilli system has been developed to permit the use of a continuous miner and mobile equipment to extract a coal seam 6 m thick. Following physical and mathematical model studies the new mining method is now undergoing field trials at Collinsville, Queensland. Progress of the field trials to date has achieved 99% extraction of the upper slice by remote control operation of the continuous miner and established the feasibility of installing resin grouted wooden dowels in the coal floor to reinforce the coal septum. The method is explained in the text.

Jan 1, 1980

Mount Isa Mines Ltd. annually extracts 5.6 million tonnes of copper ore from the 1100 Orebody. All production is by longhole open stoping, with an increasing emphasis on pillar recovery. Drilling and blasting prac- tices have been modified to allow more efficient pillar extraction, with the evolution of a "core and shell" approach. Blast design occurs at the stope design stage, while individual blast preparation is based on detailed ring plans. A programme of blasting research involving surface and under- ground vibration monitoring and fragmentation assessment has been car- ried out in conjunction with production personnel. Drilling and blasting practice in the orebody must continue to evolve with continued research, to suit changing conditions and take advantage of new technology.

Jan 1, 1988

Unnamed early prospectors panned gold from creeks drain- ing the Great Dividing Range in the early part of 1851. The first publicised discovery was credited to Edward Hargraves near Bathurst in New South Wales later in 1851 and during the ensu- ing gold rush, prospectors rapidly made discoveries elsewhere in New South Wales and later across the border in Victoria. Reference to the attached graphs of gold production indicates that for much of the first 100 years, gold production came from the easily worked and readily discovered shallow alluvial deposits, many of which were located in the creeks draining mountainous regions of Victoria, New South Wales and Queensland (Fig. 1 and 2). As these deposits were exhausted, prospectors turned their attention to outcrop lode deposits which led to the development of underground mining techniques and a significant boost in over- all gold production. With the discovery of the rich Golden Mile lodes in Kalgoorlie in 1893, gold production increased signifi- cantly and peaked around the turn of the century. At that time, the enormous potential of the great Witwatersrand deposits in South Africa had only just been appreciated and for a few years, Australia led the world in gold production (1855-1863 and again in 1903). Underground mining continued in the Eastern Goldfields area of Western Australia, the Bendigo-Ballarat region of Victoria and in northeast Queensland. Very few of these operations continued beyond the Second World War, except the larger producers in the Kalgoorlie region where recovered grade had dropped to about 6 g/t Au. By the early 1970s with the gold price fixed at US$35 per ounce, most of the operations were shut down as labour costs escalated, with only the low cost bulk mining operation at Mt. Charlotte and the high grade reefs at Norseman continuing in Production.

Jan 1, 1988

Tin mining has taken place in the New England region of New South Wales since 1872. Until fairly recent times there was little pro- vision made for environmental protection. Mining methods,which included ground sluicing and open cutting,had considerable environmental impact. Much of the topsoil was lost and there is little vegetation on the infertile and at times toxic, subsoil. Thus much of the lands disturbed by mining have not been stabilised and are eroding, causing extensive pollution of adjacent watercourses. There are more than 1500ha of abandoned tin mine sites in the New England, representing one of the worst rehabilitation problems in New South Wales and reflecting poorly on the mining industry as a whole. Recent tin mining operations incorporate progressive rehabilitation in their mining cycle. Topsoil is stockpiled and later respread. This topsoil contains a seed source, facilitating revegetation and thus stabilisation. The tin mining industry, under considerable cost pressures at present, is seeking a cost- effective revegetation technique. Most of the mines in the New England are situated in a forest environment. Trials have been conducted in the past using exotic pasture species with limited success due to the characteristics of the subsoil. Other revege- tation trials have used pine or eucalypt tree species. The cost of these techniques is a major disadvantage. Certain acacias species were observed colonising disturbed tin mining areas on very infertile subsoils. Acacias have a number of characteristics indicating a possible applic- ations in mine rehabilitation programmes.

Jan 1, 1987

The relative contents of Au in a series of groundwaters from water bores and exploration drillholes, located near Au mineralisation at Stawell, Ararat, Clunes and Ballarat in central Victoria, were found to be clear indicators of relative proximity to mineralisation in each region. In the same series, waters with anomalous concentrations of As distinguished Au mineralisation in bedrock from secondary palaeochannel or deep lead Au. In some groundwaters, acid pH values, high sulphate relative to other anions and detectable concentrations of reduced Fe reflected sulphide minerals associated with bedrock Au deposits. Close to some ore zones, locally anomalous groundwater concentrations of Mn reflected the Fe carbonates that accompany Au in these zones. In addition, elevated concentrations of other elements provided geochemical signatures for the aquifer lithologies associated with Au mineralisation. Of the lithological indicators Co and Ni, U and F, Rb and Cs, Mo and Li respectively reflected the mafic, felsic, potassic rich and quartz zones, principally in the Stawell mine area and to a lesser extent those at Clunes and Ballarat. Mineral stability diagrams, based on groundwater activities of K', Mgt and H`, demonstrated that a series of ore-zone groundwaters follow a trend that conforms with a biotite to sericite to kaolinite alteration sequence in aquifer mineralogy. This is a good illustration of how present day groundwaters under surface conditions can reflect the underlying mineral sequences that accompany these Au deposits. These observations around mine areas suggested that groundwater chemistry could provide a rapid and cost effective method of assessing prospectivity for An of extensive areas in central Victoria. To test this, regional sampling and analysis of 355 bore waters was carried out in a region where potential An bearing rocks are covered by Mesozoic and Cainozoic sediments and volcanics. Contoured elemental abundances and distribution from this program indicated five zones in which groundwaters had elevated Au and despite the cover, appeared to reflect variations in the underlying Palaeozoic rocks. Three of the Au zones could be in terrain affected by extensions or intersections of faults, a feature in common with the established Au deposits in central Victoria. Reflections of concealed Palaeozoic rocks included a possible zone of concealed Cambrian greenstones that coincides with three of the Au zones. It was concluded that each of the An zones represents a groundwater Au focus that warrants follow-up exploration.

Jan 1, 1997

By Murphy A. S, Budod A

The Philex concentrator represents the first time Jameson Cells have been used in a cleaner scavenger application or in large scale flotation in roughing and scavenging. This necessitated a major change in Jameson cell design as well as a chan

Jan 1, 1997