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Present value maximisation studies are a useful aid in enhancing the economic performance of open pit mining operations. Maximising present value helps to reduce the risk of financial failure. Maximisation of present value also means that the capital invested is being used most efficiently. A characteristic step in determining the present value of an open pit mining operation is to set out the sequence in which increments of material (ore of various grades and waste rock) are mined. Traditionally, present value maximisation has been performed by selecting a cut-off grade for each increment so as to maximise the present value of the total operation, by an iterative process using computers. Kenneth F Lane has developed a method and applied it to many mining operations. An alternative method for determining the maximum present value of an open pit mining operation is given. In this method the maximum present value is determined by working backwards from the end of the operation life, progressively asking the question of each increment `what cut-off grade maximises the the present value at the start of mining of that increment?' The method allows calculations to be performed by a `spreadsheet' package. Present value determinations are characteristically performed under constant conditions (eg prices, costs) throughout the operation life. Unfortunately real life circumstances are rarely constant, with the costs of mining inputs rising at variable rates. The prices received for mineral products have been shown to broadly trend downwards with time in real terms. Treatment of such changes in the determination of the maximum present value of an operation is discussed.

Jan 1, 1994

By Barria J, Mencho J, Gonzalez GD

An extended Kalman Filter is used to build an on-line estimator of total ore, fine ore and water hold-ups in a SAG mill. In addition, an equivalent grinding rate from coarse to fine ore, as well as the discharge rates of solids (fines) and water are also estimated as part of the adaptation procedure of the model used for the Kalman Filter. The measurements used in the Kalman Filter estimator are the total mill weight provided by load cells, and inferred discharge flows of fines and water from flow and density measurements performed downstream. The net ore and water feed to the SAG mill are used as inputs to the estimator, and also the proportion of fine ore in the feed. As an example of how to introduce robustness in the estimation in the face of sensor bias errors, an estimation of the load cell bias error is introduced in the estimator, thus providing self calibration. The estimator presented in this paper has been tested by simulation using a detailed SAG mill mechanistic dynamic model comprising 27 size fractions well fitted to a pilot mill. The maximum error in the estimation of the operational variables - total and fine ore as well as the mill contents under different operating conditions - is about ten per cent.

Jan 1, 1993

COAL constitutes such a gigantic item in modern industry, either for direct heating, production of coke for smelting, or for the generation of power, that its quality and price play a very significant part in economic industrial progress. Australia is still a very young country industrially, and is groaning under many disabilities compared with competitors overseas, not the least of which is the quality of coal. Linked with the word "quality" should be that of "utility," for high-ash content prevents efficient utilization of the fuel.The marketing of good quality coal is a very important matter indeed, and if industry in Australia is to progress in the way that it should, this matter must receive keen attention.New South Wales, above all the other Australian States, has been blessed by nature with vast coal-fields, from which fuel is shipped to every State, and provides the base for power for most of our railroads and industries.Experts frequently refer to the fact that in some districts only partial extraction of thick seam coal is being made, without a care or thought for the future. Ranking next in importance to this is the fact that much of the coal is being carelessly marketed.Very few collieries in Australia are equipped with coal-washing plants for dealing more particularly with small coal grading which most industries require, and to which coal producers as a whole pay the least attention. In England each year nearly20,000,000 tons of coal is being water-washed before sale, and is marketed as a fuel of far greater utility once it has been freed from extraneous ash.Investigation proves that a great many pits in New South Wales are marketing coal (more particularly small coal) containing a considerable quantity of extraneous ash, due to the admixture...

Jan 1, 1926

Transformations of minerals to processed mineral products fundamentally involve wholesale chemical change, and therefore have a high potential for the release of chemicals and wastes. In this regard minerals processing contrasts with downstream production operations, which involve mainly physical changes. The contrast with mining, which must take place where the minerals are found, is that mineral processing allows choices as to location, processes, fuels and reductants. These choices provide a foundation for dealing with issues of resource stewardship. This paper locates the mineral processing industry in the global perspective by quantifying the masses of major material inputs and outputs, based on current processing choices. Estimates for recycling have also been collated, revealing figures that differ surprisingly from commonly held impressions. The paper draws on a variety of current sources, mainly those available through the Internet, to rank the major transformed virgin mineral products by production, price and value. The figures demonstrate the dominance of Portland cement and steel in the global environmental impacts of mineral processing. Aluminium comes a distant third in the list, and the metals particularly associated with localised environmental impacts have relatively small global effects compared with those of the staple materials of our built environment. This global macro input/output perspective, with materials flows expressed per unit of virgin product, provides a benchmark for grasping sustainability challenges within specific operating businesses. Because of the global scope and pervasive impact of the minerals processing industry, the issue of resource stewardship is rising as a matter for public concern. There appears to be a developing view that the mining and mineral processing sector should take responsibility for these products throughout their various life cycles. However, in a future of stabilising consumption, dematerialisation and intensive recycling, the mining industry would only need to provide the top-up to a stock of recirculating materials. The question of responsibility for stewardship over SocietyÆs stock of materials remains open.

Jan 1, 2002

By Davies B, Rogers A, Grainger A, Todd J, Brenman R, Jones L, Horton B, Eager L

Research into the control of diesel particulates (DP) has been. conducted by BHP Coal for more than 7 years. Personal monitoring of employee exposures (n = 480 full shift samples) conducted at nine underground coal mines has indicated that the exposure of the workforce ranges from less than 0.1 to 2.2 mg/m3 of DP dependent on job type and mining operation. Approximately 50% of the mass of DP captured is elemental carbon (EC) which is the species currently being considered by some international regulatory authorities as the exposure standard. Five technologies for controlling DP were investigated in a combination of studies conducted in an above ground simulated tunnel, in a special controlled section of underground mine roadway and validated by application in standard coal mining operations at Tower Colliery. Tests conducted under controlled conditions indicate that dependent on the type of fuel in use, the introduction of low sulphur fuels can reduce DP levels in return airways by up to 50% and in actual mining situations a reduction of 20% can be achieved in exposure of the workforce. In addition, subjective responses from the workforce indicate that exhaust emissions from low sulphur fuels provide lower irritation and a more pleasant aroma. The use of water filled scrubber tanks reduces the level of DP emissions by 25%. Chemical decoking of engines resulted in a reduction of 20% in DP in return airways. A commercially available non-flammable disposable dry exhaust filter constructed from synthetic organic fibres with an operational lifetime in excess of 20 hours was found to reduce DP exhaust emissions by 80%. Investigations have indicated that the use of increased ventilation to control DP levels particularly in multiple vehicle situations does not follow a simple dilution factor and in some instances compliance with current regulatory requirements may not produce the required reduced exposure levels. The results from single component control strategies provide considerable reduction in exposure to DP, however the most efficient and cost effective control methodology is the use of a combination of individual systems modelled to operations conducted at each mine.

Jan 1, 1998

Concepts of facies are of proven worth in sedimentology, but have hitherto received little attention from volcanologists. The time is now ripe to develop facies schemes for volcanic products. This paper discusses possible facies applicable specifically to lava flows and ignimbrites, the intention being to explore possible approaches to the problem of recogniz- ing volcanic facies rather than attempting to develop a comprehensive facies scheme

Jan 1, 1987

A number of forecasting methods are available to mine management to help predict the most likely outcome of some particular event thus enabling management to make more cost effective decisions. Three general classes of models can be used to predict future events qualitative, structural and time series, the most effective method in most cases being time series. Time series methods can be applied to predict future events from a series of past observations. Various time series techniques are reviewed with a comparison of their relative advantages and disadvantages.

Jan 1, 1980

As world demand for various minerals increases the mining industry in its endeavour to satisfy this demand will, eventually,look to the extraction of orebodies which previously may have been uneconomical to mine. These orebodies may be of two types. Firstly, new low grade orebodies and secondly, remnant sections of previously mined orebodies. Some of the factors relative to remnant mining operations are discussed and the potent- ial of remnant mining in providing an important contribution to future world metal production is considered.

Jan 1, 1975

By Tooth MA

Mining, metallurgical and engineering consultants have made a considerable contribution to mining industry development in Australia. Expertise has been developed locally to a high level during the last decade which has contributed to the success of many recent mining projects. The services available'cover the whole spectrum from the evaluation of ore reserves, through feasibility study and financial evaluation to design, project management and commissioning. Using these services effectively and economically is an objective which client and consultant both must pursue but which is not always achieved. This paper discusses some aspects of the use of consultants which the experience of the authors has shown to be of prime Importance

Jan 1, 1975

A report is given of the problems of finance and physical resources that currently affect The University of New South Wales, and of some of the measures adopted to alleviate them. Partly as' a result of review procedures, a School of Mines was formed to amalgamate Applied Geology and Mining Engineering, and to add the skills of extractive metallurgy to produce a group to match the needs of the minerals industry. A review of courses within the School indicated a need for enhanced computer teaching, which is partially negated by a lack of resources. It also shows an overcrowded course whose structure could possibly benefit from a split into managerial and specialist streams.

Jan 1, 1986

This paper provides an insight into the current status of risk management practices within our industry, based on an industry wide survey, with deliberate cross-reference to quantitative analysis. This survey showed that quantitative assessments appear to be mainly hampered only by the lack of reliable data and industry expertise to carry out such assessments. A short case study will illustrate some of the necessary basic tools and data types that would enable the industry to tap into an additional range of business improvement dimensions to more effectively manage the diverse and changing risk profile of the mining sector.

Jan 1, 2003

By Cusack BL

The addition of cement to underground backfill at The Zinc Corporation, Limited and New Broken Hill Consolidated Limited, Broken Hill commenced in 1967. This resulted in a deterioration in metallurgical performance with increased loss of lead and zinc to residues at each concentrator. Investigations to determine the cause of the problem and methods to counteract it have been undertaken. This paper outlines the effects of cement on lead-zinc beneficiation at Broken Hill and presents an interim report on attempts to overcome the metallurgical Deterioration.

Jan 1, 1970

By Firkin G. R

The Imperial Smelting Process Smelter at Sulphide Corporation is one of the earliest plants of its type, and over twenty-eight years of operation the annual output has almost doubled. This has been achieved through continuing development of the component processes, with several innovations introduced by Sulphide Corporation now being used by other licensees of the process. Main development trends have been: 1. Adapting aspects of iron blast furnace technology to the Imperial Smelting Furnace. 2. Change to the use of mixed concentrates and residues as feed materials, with development of sintering techniques to handle these materials. 3. Increasing byproduct recovery and processing to yield value-added products whenever practical. Planned development includes trials of a continuous slag fuming process, and expanding smelter output to 95 000 try of zinc.

Jan 1, 1989

For various reasons, the maintenance of shaft structures is becoming an increasingly important factor in the operation of underground mines. Deterioration mechanisms related to operation of the shaft are identified as corrosion, mechanical damage, fatigue damage and wear. Deterioration mechanisms related to rock movements are identified as vertical strain, ride vertical closure and squeezing. Analytical procedures for assessing this deterioration are discussed, and it is shown how acceptance criteria are developed and implemented. In order to track the deterioration of shaft structures, shaft inspections are undertaken, but the information is often not well documented. Formalised procedures for capturing and recording information, and then processing the information are presented. Finally, two case studies are briefly described to illustrate how these procedures have been implemented in practice, and what benefit has accrued to the mines concerned.

Jan 1, 2005

The new generation Hlsmelt« Direct Iron Ore Smelting Process is a CRA Limited technology initiative. The process development is now focussed on commercialisation. The goal is to have the first commercial vessel operating around the year 2000. The HIsmelt« Process, based on the abundantly available iron ore fines and the more readily available non-coking coals, has the potential to fundamentally change iron ore processing through the application of high intensity techniques to replace the current sinter/coke ovens/blast furnace .technologies. The process will have great potential in the rapidly growing economies of Asia where steelmaking aspirations are based around local market focussed plants. This potential can be. realised as a supplier of premium grade iron units to electric arc furnace (EAF) steelmaking plants or as the front end to an ore based steel mill.

Jan 1, 1996

By M Kuruppu

Large mining operations require a high percentage of the capital invested in mobile and fixed mining machinery. From an investment point of view this expenditure must be met by an equally high rate of return, thus the need for high plant and equipment reliability is of major importance. Equipment downtime is undesirable and very costly, resulting in lost production and revenue, which is of critical importance to successful mining operations. One of the solutions to this problem may be found in the form of competent computerised maintenance management software systems, which help to reduce the problem of breakdowns. These software assist the engineers for the management of service orders, resource allocation, progress monitoring as well as costing. They also facilitate the communication of targets and objectives among the service personnel. A computerised maintenance management software called MAINPAC was used to record and plan the activities of mobile equipment maintenance in a large mining operation in Western Australia. Among the details recorded were equipment data, service history, machine downtimes, previous maintenance, job planning and the resource required. This information further helped to analyse the maintenance efficiency, availability and the reliability of the equipment.

Jan 1, 2006

By Waldram JT

The Kelsey Centrifugal Jig incorpo- rates the principles of operation of a conventional mineral jig, at the same time utilising high centrifugal forces to extend concentration to very fine heavy minerals. The main operating variables which are adjusted to control processing of different types of material are centrifugal force, ragging material and size distribution. Pilot plant trials have been under- taken to examine concentration of a mineral sand in which the heavy mineral particles occur mainly in the minus 0.075 plus 0.032 mm size range. Stage recoveries of greater than 90% were achieved at concentration factors of up to 2, although lower recoveries were obtained with higher concentration factors. A final concentrate containing 65% heavy minerals was obtained.

Jan 1, 1986

Regolith, the blanket of bedrock weathering products and surficial sediments, covers almost all of the landsurface. In Australia extensive areas are covered by regolith up to several hundred metres thick which is relatively old (extending back to the Mesozoic or possibly earlier) and largely complex. As such, it is poorly understood and is presently regarded as a significant hindrance to resources exploration. The regolith: obscures bedrock lithology and structure blankets ore deposits in the bedrock hosts surficial mineral deposits ranging from placers (gold, diamonds, platinum, mineral sands ....) to chemical precipitates (uranium, opal, gold, bauxite....). contains important groundwater resources. The application of surface exploration techniques without recognition or understanding of the regolith could result in wasteful expenditure. The understanding of the distribution and characteristics of the regolith in the context of its evolution and geomorphic history and its relationship to underlying bedrock will promote development of suitable geological, geophysical, geochemical and remote sensing techniques. It also will assist exploration industry with the interpretion of data from: geological mapping soil geochemical surveys stream sediment geochemical surveys airborne remote sensing airborne radiometric surveys other airborne geophysical surveys some ground geophysical surveys shallow drilling and so improve mineral exploration Strategies.

Jan 1, 1988

By A Kyllo a, D R. Swinbourne

Electric arc furnace (EAF) dusts contain significant quantities of zinc, found almost entirely as either zinc oxide or zinc ferrite. The dust has been classified as a hazardous waste due to the relative high lead, cadmium and hexavalent chromium contents. It is important that environmentally acceptable processes be developed to treat this waste. One possible process involves reacting the zinc compounds in the dust with metallic iron, thus avoiding zinc vapour reoxidation by CO2 as occurs in carbon reduction processes. It consists of two stages where the first is the reduction of iron oxides to iron and the second the reduction of zinc oxide to zinc vapour by the iron. In this work the effects of operating variables such as temperature, CO/CO2 ratio and pressure on the recovery of zinc from an industrial EAF dust obtained from the Smorgon Steel Mill were investigated. Zinc recoveries in the second stage were found to approach 100 per cent at 1000oC after about four hours in nitrogen but within 40 minutes if a low vacuum was used.

Jan 1, 2000

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

Jan 1, 2002