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By Ngai WCT

Over 90 per cent of the explosives in Hong Kong are used in civil engineering works. The Hong Kong Government controls all explosives and delivers on a daily basis to each site which it has licensed. Such deliveries need to be arranged the day before actual delivery. With the vagaries of the traffic in Hong Kong, contractors do not necessarily know the time of arrival of explosives. Contractors in general would like to reduce their exposure to these potential delays and the high cost of explosives deliveries. The high population density and urbanisation means that rock blasting has to be carried out in close proximity to other property. In order to protect life, property and utilities, it is not only necessary to employ proper blasting techniques but also to adopt effective safety measures. The Route 3 Advance Earthworks project is located on the north-west corner of Tsing Yi Island, Hong Kong. It is one of the Airport Core Programme projects for the new Chek Lap Kok Airport. Secured by Leighton Contractors (Asia) Ltd in early-1992, the work commenced in May of the same year, with completion and handover to the Hong Kong Government in May 1995.

Jan 1, 1995

Risk management for resources and reserves includes examining the fundamental processes of data collection, interpretation, modelling and estimation. Newmont Australia has developed a procedures manual to assist mine sites to build Resource block models, estimate Ore Reserves, validate the outcome and report the results. An audit scheme has been developed to compliment the procedures manual by assessing the degree of site compliance with recommended practice. A score of between one and five stars is awarded to each site depending on its performance in the audit. Audits are undertaken by a team of three Newmont personnel over a three to five day period at each site. Scores are ultimately compared between sites and reviewed annually. The objective of the program is to encourage continuous improvement in the modelling, estimation, validation and reporting practices used at sites and in advanced projects. The scheme provides a method of risk management for the companyÆs biggest asset û its Ore Reserves. Newmont Mining Corporation is preparing to use the audit scheme internationally in part to conform with recent legislation requiring US companies to demonstrate that management systems and procedures are in place to monitor and verify the companyÆs assets.

Jan 1, 2003

By Sturgul J. R

ZC Mines investigated a proposal to replace the present underground train haulage system with rear dump trucks. The number of rear dump trucks required to achieve target output and the required mix of trains and trucks during the changeover was of importance to the designers, and a GPSS computer simulation model of the operation was constructed using GPSS/PC, a recent form of the language for the personal computer. Three models were 'constructed to simulate initial and final configurations of underground haulage systems to transport ore from ore passes to the crusher and then to the skip for transport to the surface. The initial model simulated train operation on two levels and rear dump truck operation on a third level. The second model simulated rear dump truck operation on two levels with ore being loaded through the crusher to the skip as in the previous case. The third model replaced the rear dump trucks on the lower level with a train to establish the relative merits of the two methods of transport. The simulations identified equipment numbers, required operating hours and critical points in the operation which can then be addressed by the mine designers.

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

Average annual growth in consumption of primary energy in Australia over the past 10 years has been 5·5 per cent compared to a world average of 4·1 per cent.Over the next 10 years growth rate is expected to increase to 6 per cent per annum due largely to the rapid development in the mineral processing industry.By the end of the 19705 natural gas is expected to supply more than 9 per cent of Australia's primary energy market. Coal will supply 40 per cent and petroleum products 47 per cent. Nuclear energy will make its appearance but will make only a small contribution in the period.Australia has adequate reserves of natural gas and coal to supply its needs in the 1970s and beyond. However the newly developed reserves of crude oil, while supplying 60-70 per cent of requirements in the initialyears, will need regular and sizable additions if they are to keep pace with the expanding consumption. For Australia to become self sufficient in the period 1970-1990 it is estimated that new discoveries will need to approximate ten times the volume of recoverable reserves found in Australia to date.

Jan 1, 1971

By P Waters

BHP Billiton Iron Ore initiated a program in January 1995 at the Mt Whaleback operation in Newman, Western Australia to develop a closure plan for the overburden storage areas (OSA), which have the potential to generate acid rock drainage. The primary research program includes the development of technology for the long-term performance of OSAs with respect to slope stability, surface run-off, erosion, water infiltration and vegetation. The objective is to control acid rock drainage by preventing moisture movement into and through the OSA material. Infiltration to the underlying OSA material and closure costs are minimised due to the presence of the run-of-mine (ROM) cover material. A summary of the field data is presented to illustrate low percolation rates to the underlying OSA and key performance characteristics of the moisture store and release cover system design. Field data collected to date demonstrates that a moisture store and release cover system constructed with suitable ROM material has good potential as a final cover system at the Mt Whaleback site. The performance of the cover system on a sloped surface was significantly different as compared to placing the cover system on a horizontal surface.

Jan 1, 2003

McLeod: Without getting into the argument as to how well we can know our resource levels specifically in the immediate short term, I would like to make one or two points about the future, and perhaps try and persuade people that they are not really facing a doomsday. It is fair to say that over the last few years the rate at which we have increased our resources has far exceeded the rate at which we have used them, and this is likely to continue for quite a few years yet. As people are now looking for a substitute for petroleum, later on we will be looking for a substitute for coal, should the position get serious. After all man is pretty versatile, has plenty of initiative-and makes allowances for experience. It has been demonstrated here by the way people are looking at use of low quality coals and better use of the coals that are available. It would be fair to say that what now we regard as economically submarginal deposits will, by the time we need them, become economic. I think that there is quite a lot in front of us in exploration and finding new reserves. I would like to have comment from yourself sir, because I recall reading a report of a meeting, here in Wollongong I think it was, in which you addressed the local branch on the future of coal in Australia, and you said that the coal basins of Australia had been well explored and there was not much chance of new discoveries. Since that time we have seen some thousands of millions of tonnes turned up in the Galilee Basin of Queensland, we have seen five hundred million tonnes turned up in Lake Phillipson in South Australia. Do your previous comments still apply? I would like to hear from some of the exploration people, who are operating on an Australia-wide basis, as to how they regard our chances of discovering significant new deposits and significant extensions of known deposits. H,artnell: Mr. McLeod has asked me to comment on what he has just said. I think that the important thing is that our knowledge of the main coal basins in Eastern Australia is increasing in detail but for the most part the extent of coal basins is not being increased in respect of their superficial areas. There are additions but they are not substantially changing our expectation of what the main coal basins will be. I believe that our task is essentially to intensify our knowledge of the main coal basins that we know about. This is important for example for the various reasons that Mr. Roach was talking about, that is the problem of surface alienation, jeopardising the chance of recovery when you go to underground operations. My approach to this whole problem is predicated on the belief that coal has a special destiny to perform in the next fifty years. I believe that it is going to take up to fifty years and maybe a little longer before the enormously demanding technology for nuclear power recovery is in fact achieved. When it is achieved the supply of energy to the world will be enormous, much beyond what we have ever even dreamed about. The mind boggles at what the people of the middle of next century, of two thousand and fifty, will command in the way of physical resources. It is going to be, I believe, tremendous, but the technology involved is very demanding. I mentioned to Mr. McLeod the other day that according to the information that I got in November last, 60% of the nuclear power stations in the United States were out of action, by automatic cut offs because of safety requirements. The technology of breeder reactors seems each year to be a bit further off. In the meantime coal I am sure is going to be called on to supply power directly to fluidised bed and other technologies for power generation. It is going to be called upon in the near future, I believe, to supply liquid fuel on a vast scale and the only thing in my view that we should be thinking about is whether the coal producing countries of the world will succeed in producing as much coal as is going to be demanded. I believe the real challenge to the coal mining industries of the world is that they may fail to do what is going to be demanded of them. This is a challenge I believe to mining technology. I think that we should be working deliberately and energetically finding ways and means where underground recoveries, instead of averaging 50%, can average 50% plus, plus, plus, and this is the first requirement. We should be spending many millions every year, here and overseas, on increasing our means of winning coal because every tonne of coal that is alienated and left irrecoverable in the earth is going to weaken the capacity of the coal mining industry to fulfil, what I believe to be its destiny in the next 50 years.

Jan 1, 1975

As an Inspector of Mines in Queensland, my main responsibilities include the enforcement of the Mining Act 1968 - 1986, the Mines Regulation Act 1964 - 1983 and the Metalliferous Mining regulations 1985 to promote the safe and responsible exploitation of the States' mineral wealth. An important adjunct to this task is the offering of an advisory service to the mining industry. However, in the pursuit of my duties to this regard, I have sadly observed in some cases, numerous wrong doings and negative activities by miners which have led to their ultimate demise, not to mention that of others. Despite what I consider corrective advice, I have witnessed, again in some cases, disregard and blind pursuit for the wrong end. This then is a novel approach to get the message home in the form of a light hearted cartoon presentation relating the saga of an average Aussie battler entering the mining game unprepared, making the wrong decisions due to his own ignorance and the cleverness of others, leading finally to his and possibly others' downfall. It is not intended to insult any particular profession or group of individuals and only endeavours to impart to readers and listeners, the message of being prepared and alert when entering the gold mining industry. Even though the presentation focuses on the woes of a rookie alluvial gold miner, a similar analogy could be drawn with his hard rock counterpart since the basic issues that I have attempted to address are common. By no means is there a saga complete because there are many more traps a miner can inadvertently fall into and only time has prevented me from referencing them.

Jan 1, 1989

By Juniper LA

ERM Consultants Pty Ltd was established in 1980 for the purpose of introducing a disciplined coal technology and power station planning service, to support Australia's efforts in establishing a major export steaming coal industry. At that time, major coal exploration programs were mounted on more than 50 potential export coal deposits with proven open-cut reserves to export 200 Mt/a of coal. The fact that Australia achieved an export trade of only 30 Mt/a, equivalent to the energy requirements for a population of around 5 million people, illustrates the very small achievement to date. The main reasons for this small export steaming coal growth have been: 1. Failure to convince potential overseas coal buyers of the benefits of coal-fired power generation, and the ability of proper power station design to overcome environmental problems, and achieve reliable operation and long life when burning Australian coals. 2. Failure to promote Australian power engineers to advise on the use of Australian coals, resulting in Northern Hemisphere power station experience dominating in market countries. 3. Failure of governments to draw on privately practising Australian power engineers and coal technologists in technical workshops, presentations and assistance to overseas countries, to ensure that personnel whose business it was to serve the follow-on needs of countries were readily available. The result of these failures has been that: 1. Only a fraction of prospective overseas coal-fired power projects have proceeded. 2. Australia has had no influence in the design of overseas power stations to ensure that potential customers would be confident that Australian coals could be reliably burnt in their boilers.

Jan 1, 1987

By G Billing a, D Gribble, E Hall, D Varga

The theoretical benefits of electronic detonators have been reasonably well documented. To support this, a practical comparison was made between the performance of the standard shock tube system, NONEL, and a high precision electronic system, HotShotÖ, at the Sunrise Dam Gold Mine. The expected benefits from electronic detonators to Sunrise Dam were identified prior to the trial. Based on these, a number of objectives were set to demonstrate the value of the HotShot system. These are an improvement in fragmentation leading to an increase in productivity, less oversize rehandling, increased throughput and more uniformity in muck pile movement. To maintain the integrity of the trial, the nominal timing of the shots was kept exactly the same, thereby restricting any performance improvements to the precision of the electronics. Accordingly, adjacent shots were chosen with consistent geology. Video footage was taken of the blasts and vibration monitoring was carried out by fixed geophones throughout the mine. Spot heights of the muck pile swell were taken immediately after the blast and heave profile graphs were generated for comparison. Video footage was taken for a period of three hours for both shots to analyse cycle times of the excavator and trucks. PITRAM data was also collected for analysis. As far as practicable, the ore was taken to the same finger on the run-of-mine (ROM) pad to assist in single sourcing for the crusher and to allow oversize to be separated out. From specific metrics taken during the trials, it was shown that the expected improvements due to the high precision timing of electronics were realised in all areas.

Jan 1, 2007

The complete life cycle of a production facility has many phases requiring many different skills and many different personalities. It is not unlike the life cycle of a person and many parallels can be drawn from it. I leave some of these analogous situations to your fertile minds. The author, having worked in operations, plant design, plant commissioning, marketing and many other interesting situations through the industry has drawn from this experience and examples given by many associates in the industry.The phases seen are as follows: Concept Studies û someone has a bright idea of how to make a dollar. Scope Studies û what possible processes/options that could make a dollar. Prefeasibility Study û the æviableÆ scope options are studied to develop feasible options. Feasibility study û defines the concepts that should be designed to make a viable project thus enabling financing and project commitment to be made. Detailed Design û an intermediate step that consolidates the inputs to give a robust plant that can be constructed.Construction û people can see what they thought was going to occur and start to understand the plant. Commissioning û the hand-over of æownershipÆ from the conceiverÆs to the operators. Operations û the ætoyÆ has become reality and money must be made. De-commissioning û the plant has seen out the useful life of the ore deposit, it now goes through a further process required by society.Across these phases of plant design run several countervailing management requirements that can influence the outcome of the plant design. Some of the management rigours that have to be applied to the various phases are as follows: costing basis of the various phases; operational and maintenance reviews; sustainable development; risk assessment; reliability reviews; equipment availability; commissioning time; and environmental review.This paper endeavours to awaken people to the phases that projects require for a successful outcome and the management rigour that has to be applied throughout the phases to ensure the correct intellectual horsepower is applied at the right time to ensure the best outcome.Many of you would be parents and realise this is not unlike the development of children, teenagers, adults, retirees and ongoing.

Jan 1, 2002

By P Hanna

In an effort to improve returns to shareholders, the Australian Mining Industry has consolidated considerably over the past decade or so. Technical services at mines have been re-structured, whilst those at corporate offices have been all but eliminated. A recent study of the role of the geologist in BM Alliance Coal Operations Pty Ltd (BMA), showed the adverse impact on the companyÆs performance due to a lack of geologists. With an education campaign, to demonstrate the contribution of geologists to the æbottom lineÆ and in increasing the options available to the company, the value of the geology role became better understood. The implications of the loss of invaluable corporate knowledge, when long serving geologists left the company, also became clear. Steps have since been taken to increase the numbers of company geologists, particularly on mine sites. In common with other sectors of the mining industry, the Australian coal industry is experiencing a critical shortage of experienced coal geologists, as companies have found in recent recruitment efforts. This is further evidence that the recommendations from the recent study by World Competitive Practices, commissioned by The Australasian Institute of Mining and Metallurgy, æRising to the ChallengeÆ have not been adopted. People, and the mineral resource base, are the assets from which mining companies gain a sustainable competitive advantage. Geologists, as the nexus between the resource base and people, are in a unique position to enhance the profitability of their companies. To maximise their contribution to the industry, and ensure that they receive due recognition, geologists must adopt a more commercial approach in their work and take a front foot stance in promoting their value to management. Geology is a core competency for all mining companies. The tendency for companies to outsource this function, to the detriment of the company geologist role, is not sustainable in the longer term. TodayÆs geologists need to work closely with management, technical and human resource professionals, universities and schools to ensure their significant value is well understood, and that the industry can attract, train and retain new recruits through the implementation of graduate programs and company career paths.

Jan 1, 2003

By Van Deventer J S J

The first step in the design of a process to treat a possible economic precious metal deposit should be an examination of the mineralogy of the ore. Using this and other initial tests, the extractive metallurgist can design a process to treat the ore. In the field of precious metal metallurgy, little emphasis is placed on the mineralogical information available to the metallurgist. The information is of far more use to the geologist and the mining engineer. Diagnostic leaching was designed to open up the field of mineralogical analysis to the metallurgist. When a mineralogist looks at the deportment of gold in an ore, he is usually looking for an element which is present in parts per million, so that errors in sampling are multiplied dramatically. Diagnostic leaching offers a cheap, simple, practical alternative. In order to determine with which minerals the desired precious metal is associated, a specific mineral is first eliminated using a selective oxidative leach, and cyanidation is used to extract the precious metal (in this case gold and silver) liberated by the destruction of this mineral. The precious metal extracted can be measured in solution to give a fairly accurate record of the amount of the precious metal associated with that mineral. Furthermore, the residue from this first stage can be subjected to another selective acid leach, and the process repeated. The procedure can be varied to suit the mineralogy of the matrix material. At the end of this diagnostic leach the metallurgist is left with a complete record of the deportment of the precious metal. He can now use this information to design a metallurgical flowsheet to treat the ore. Diagnostic leaching is thus an analytical tool which can be used by the metallurgist not only to examine new ores, but also to look at problems occurring at existing plants. The procedure is not only limited to ores and residues but in fact can deal with any type of intermediary product that occurs on a plant. The information gained from analysing an intermediary product can give a useful indication of how well a unit process is working, eg flotation, roasting, etc.

Jan 1, 1992

By Mendeckl A. J

Anglo American Corporation has always viewed technological development as vital and as such has placed research and the implementation of new technological practices high on its priority list. Support is given to a number of research institutes but a significant degree of reliance is placed on in-house research carried out at individual companies and at the Group's main laboratory complexes. The Corporation's interests are diverse with advanced practices and innovative technology ranging from new battery technology with wide application to deep level shaft technology with very specific application. In this paper, we aim to concentrate on a particular system developed primarily for use in seismically active deep mines. The system has proved to have far wider application and has the potential to be further enhanced to meet the needs of users across a broad range within the industry and even beyond. As the nature of this conference is to inform delegates of advanced mining practices, we should simply mention that we could have talked on subjects relating to the advances made in deep level winding technology including winder drive and brake control to alleviate dynamic rope loads, shaft steel design for high pay load high speed winding and shaft safety systems such as slack rope devices and moving lip loading facilities to cater for rope stretch. Other areas of interest relating to refrigeration using ice technology or non-explosive rock cutting using diamond wire or saw technology could also have been of interest. As the South African gold mines become deeper and the problems associated with depth become more acute, answers had to be found and systems developed to cope with very high rock stress and the related seismicity. The fundamental understanding of the behaviour of the rock mass has always been important but became critical on our mines to ensure the safe extraction of the orebody. Basic research into and the application of physics, applied mathematics, seismology, rock mechanics, electronics and computer technology have helped us to develop the Integrated Seismic System - Integrated because of the system's abilty to monitor seismic and non-seismic sensors simultaneously and because it encompasses data acquisition, processing and interpretation into one system. The system which is in use at all our gold mines has found application not only in South Africa but also in such locations as Australia, Chile, Canada, Europe and Japan. A highly motivated team of scientists under the leadership of Aleksander Mendecki developed the majority of the hardware and software needed for the system. In essence, the system allows us real time monitoring of energy release and stress transfer data that with the aid of modern computers is turned into useful information. The information so obtained has allowed us to improve our mine and extraction designs to minimise the inherent hazards. The system has proved to be an extremely useful management tool as substantiated by the demand for the product. The paper is intended to convey to the reader the technical concepts and the presentation is intended to demonstrate the usefulness of the system.

Jan 1, 1995

Blasting is at first sight a simple operation. Blastholes are drilled in a suitable pattern, primed, charged with explosives, stemmed and finally the blastholes are connected together to give the appro- priate initiation sequence. In practice the action of the explosive takes place in the interior of an opaque rock mass and only the external faces of the rock mass to be blasted can be easily observed. The mechanisms of blasting cannot be observed directly and must be inferred from observations of the free face and meas- urements of particle movement made by sensors grouted into holes in the rock. Explosives react very rapidly, in some microse- conds and any instrumentation of a blast must have an appro- priate response time. In many mines several rock types can be encountered during production. Several different methods of blasting may be necessary to cope with changes in rock types espe- cially if weak rocks are found in the final limits. This also makes it difficult to be sure of getting a large enough volume of rock to perform a series of reproducible experiments. While there appears to be agreement on the mechanism of blasting it is unlikely that a detailed understanding of how all the variables that can be encountered in practice affect blasting. The ease of assessment of the results of blasting depends on the criteria used. It is easy to isolate, measure and count over- size boulders. It is however difficult and costly to get a complete fragment size distribution. Methods used to assess blasting can vary significantly from site to site and the ways in which data are collected, presented and analysed will vary making compari- son of blasts at several locations very difficult. The definition of an optimum blast can also vary with the type of blasting. The muck-pile profile and fragmentation will be different for a dragline to that for a truck and shovel operation. In order to be able to assess blasting the mechanism has to be understood. Th rock and explosive properties considered rele- vant to blasting can then be determined. This paper discusses the generally accepted mechanism of blasting. The on-site observa- tions to assess blasting are-then listed. The mechanism of blast- ing can also be modelled and the use of modelling to optimize hlaetina ie thPn Aiernccarl

Jan 1, 1988

After many years of studying the rock mass gravitational flow phenomenon, it is well known that moisture conditions may change the mechanical properties of the caved and broken material, causing different problems at drawpoints. One specific problem, perhaps one of the most unpredictable and uncontrollable, is that of mudflows (also known as mud rushes). The aim of this paper is to show how to establish optimal extraction rates at a drawpoint in order to avoid the closure of that drawpoint due to the high risk associated with having high-technology automated loaders working in the production level of panel cave and block cave mines prone to mud flow events. This optimisation should take into consideration critical restrictions related to mine planning, such as the need to reach the planned production. It is also important to consider the correct design of surface (in the subsidence zone) and underground drainage systems to prevent groundwater or rainwater entering muck piles, filled stopes, galleries or open cuts. With these considerations, and keeping in mind other factors that should be included in a sensitivity analysis of variables, it is possible to find a correlation between the percentage of extraction from a drawpoint and the possibility of occurrence of a mudflow. Finally, this paper proposes different draw strategy techniques in order to mitigate potential mudflow issues on a caving production level.

Sep 26, 2011

It is always difficult to sum up an open forum adequately and instantaneously, so, with the privilege of hindsight, and also with some time to reflect, I am exercising the Chairman's prerogative to put together my view of the overall conclusions. Hopefully, these may provide a focus for each Institute to formulate its own programme with respect to mineral industry education. First, in answer to the question, "Should there be Schools of Mines?", there was a very clear 'yes'. However, I reiterate what I said in the introduction to this forum, specific professional education for the mineral industry exists only because the mineral industry sees a need and wants it. If the mineral industry should decide that it does not need professionals with specific mineral industry training, then such training will cease to exist. As alluded by Dr Hackett, if such training ceases to exist, one must then question the need for Institutes of Mining and Metallurgy. Now, there's some food for thought! Specialist schools of mines (metallurgy and geology) can only exist in an environment of genuine interaction with, and support by, industry. For their part, schools of mines, used here in a generic sense, require leadership that is strong but responsive to industry needs. It is the leader that puts his stamp on a school, and, to a large extent, determines whether that school is 'good' or only 'mediocre'.

Jan 1, 1986

By Hancock RG, Dewar GJA

The mining and exploration industry is governed both directly and indirectly by a complex and constantly changing regulatory and legal system, yet few technical professionals realise the extent to.which they are affected and that they are personally liable for any breaches. These breaches may result in criminal or civil prosecution that could involve significant financial penalties (to the extent that all personal assets are at risk) and even imprisonment. Generally, a professional at risk should be able to mount a due diligence defence in order to avoid or mitigate these consequences. Mineral property and company owners, directors, managers and employees are at risk, as are consultants, contractors and suppliers of equipment or consumables. Whilst all are liable for their personal decisions to act (or failure to act) in managing operations or carrying out directions, as well as for the actions of others under their control, the focus here will be on the exposure of the consultant. Consultants are usually driven by an internal desire to perform to a high standard because of personal pride in their work and concern for their professional reputation. However, there are an increasing number of external requirements for them to be able to demonstrate, if necessary, that their actions were based upon reasonable grounds and that their work conformed to current best practice standards. If they cannot do so, they may face potential personal Liability.

Jan 1, 1995

By Baohm C, Barker T

There have been significant changes in the Australian mineral sands industry in recent years due to changing supply and demand conditions, new product opportunities and opportunities for rationalisation of operations. Earnings within the industry have typically been volatile and this has been reflected in the share prices of listed mineral sands companies. Apart from the effects of variations in the state of the economy on the industry, share prices have also reflected the extent to which a company's earnings volatility is due to capital structure, the relative proportion of fixed costs to total costs and the nature of th'- sales mechanism. At the time of writing, the high prevailing share prices for industry participants and the current outlook for the industry would suggest that the time is opportune for raising equity capital. The immediate outlook for the industry and its various product segments appears favourable but beyond this the usual uncertainties remain. The new tax environment will cause most companies in the industry to have to rethink their dividend and capital structure policies. Most shareholders will now be concerned to maximize dividend receipts and minimise exposure to capital gains tax. Companies in the industry that have relied fairly strongly on earnings retention to help finance growth in the past will- need to look to increased equity raisings in the Future.

Jan 1, 1986

The art of flotation may be divided into two distinct branches, namely:-1. Collective flotation.2. Selective flotation.(1) Collective flotation is applied when all the valuable minerals in an ore are required in one concentrate, leaving ,only gangue minerals in the tailing. The method is applicable, for instance, to such ores as auriferous copper sulphides associated with gangue minerals only, or to silver lead ores low enough in zinc and other valuable minerals.(2) Selective flotation is applied when there are present in an ore two or more valuable sulphides, which cannot be subsequently efficiently treated unless they are separated from one another as well as from the gangue. For example, a silver-Iead-zinc ore, or a copper-gold-iron ore; where the iron is not required with the copper gold concentrate.In order to make these operations practicable chemical reagents have been developed, having power to exert definite actions on the various minerals when brought into contact with them in a water pulp.COLLECTIVE FLOTATION.In order to bring about collective flotation it is generally necessary to add to the pulp a frothing agent and an activator or activators for all the minerals which it is desired to float.SELECTIVE FLOTATION.The object of selective flotation is to activate the mineral which is to be floated, and at the same time to prevent all other minerals from floating.

Jan 1, 1936