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By Seshold P

The cost of capital is the rate at which a project's cash flow should be discounted to obtain the Net Present Value. The cost of capital is a weighted average of both debt and equity funds of a company, on an after tax basis. Two methods are described for calculating a company's cost of equity, the Dividend Valu- ation Model and, more importantly, the Capital Asset Pricing Model. A worked example is presented where the cost of capital was obtain- ed for two resource companies. The application of the cost of capital was illustrated by way of a mining equipment replacement problem. The paper outlines refinements and problems that may be encountered with the use of the cost of capital, and concludes that it is an integral part of any project evaluation.

Jan 1, 1983

This paper looks at the development in management education for engineers at the undergraduate level with particular reference to mining engineers. The management core content of the engineering degree course at Ballarat C.A.E. is described is some Detail.

Jan 1, 1986

By J M. Dwyer, S Williamson

Acceptable post-closure performance of decommissioned mining operations is a critical factor in persuading todayÆs environmentally conscious public that the mining industry will not continue to burden future generations with the legacy of environmental tragedies. Post-closure impacts must be identified and managed through robust engineering design if the post-closure environment is to be environmentally sustainable. To manage potential post-closure risks (environmental, health, safety, social and economic) within acceptable limits, WMC incorporates a risk-based approach to closure planning and engineering design. WMCÆs risk-based closure engineering design process provides a simple methodology for developing robust closure plans û the process æengineers outÆ unacceptable risks and æengineers inÆ a sustainable post-closure environment. Benefits of the risk-based process include stakeholder endorsed closure criteria for an agreed post-closure land-use, focusing of resources on major risks, and a realistic and accurate estimate of the required closure provision. The outcome is an increased likelihood of satisfying the three pillar goals of sustainable development û a financially sound solution that poses a low risk to the environment and future generations.

Jan 1, 2003

In order to formulate appropriate and useful education and training policies and practices, it is crucial to firstly consider the demographic environment of our workforce-and the direction in which it is (known to be) heading. We can predict with a degree of certainty, that the role and influence of training on the future survivability of organisations will- become increasingly critical. This will be particularly relevant for those industries and organisations which are technologically based. The ad-hoc use of training is and, will no longer be appropriate. Organisations must move toward the on-going use of a dynamic education and training strategy based on an effective staff development programme, which meets the short and medium term needs of the organisation. The Technisearch approach is based on maximizing the efficacy of training and learning. The package provides.a total service to meet clients training needs using educational techniques geared to adult learning. it stresses the importance of ongoing research into industrial adult training and its effectiveness in improving skills and productivity. Current research on roles of supervisors in the Australian workplace and the development of the Supervisory Behaviour Questionnaire. (SBQ) indicates the need for a proper framework within which the objectives of training can be addressed.

Jan 1, 1986

By Felice J. J

The assessment of the face velocity of blasts is important in the analysis and subsequent improvement of blast performance. POWERWAVE RADAR is a new tool which will make the collection of this data easier for blast researchers. The data collection technique ensures that a large amount of face velocity data is collected from a blast, and describes the velocity characteristics of the face at a new level of detail. This results in a greater understanding of the effect of drilling and blasting parameters on blast performance. Several case studies are presented which illustrate the collection technique, the type of data generated and how the data is used.

Jan 1, 1992

By Morrison J

Considerable confusion is to be found in the methods of estimating mineral reserves. The solution appears to be more cooperation between industry and government to agree upon a classification system with guidelines to overcome the problem of the many variable factors affecting reserves. The classification system proposed by the United States Bureau of Mines and the United States Geological Survey (USBM/USGS) together with the guidelines similar to those suggested by the Australasian Institute of Mining and Metallurgy/Australian Mining Industry Council (AusIMM/AMIC) is recommended for reporting mineral reserves to government.

Jan 1, 1979

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

Accidents in open pit mining have a high cost in lost time of person- nel, damage to equipment and installations, and lost production. The realities of export competition require that Mine Management sig- nificantly reduce the costs associated with accidents and workplace ill-health. Newer management approaches are proving effective in reducing the Total Cost of Risk through a strucured Occupational Health and Safety Programme exhibiting the following features: ò Formal Company Policy ò Accountability for OH&S performance clearly designated to each level of management and supervision ò Effective utilisation of a Mine Occupational Health and Safety Co- Ordinator and a Mine Occupational Health and Safety Adviser ò Development of realistic OH&S Objectives ò Training of Management, Supervision and Workforce in Occupa- tional Health and Safety ò Development and adoption of Safe Work Practices and Procedures ò Effective employee selection procedures, control of Contractors ò Monitoring of the health of the workforce ò Collection, recording and distributing information on all Mine inci- dents, accidents, injuries and damage ò Ensuring that the Mine environment is healthy and safe ò Effective Emergency Procedures to deal with injury, fire, rescue and other situations of risk ò Controlling those Mine hazards which cannot be removed ò Adopting a high standard of Occupational Rehabilitation ò On-going visible Management participation in the programme to ensure that momentum is developed and maintained. This approach requires that Occupational Health and Safety be given equal status with product quality, maintenance of plant and output per- formance; its implementation is rewarded with improved morale and major cost reductions.

Jan 1, 1989

By McElrae AJ, McTaggart SM

The recent rapid escalation in computer use by mining companies, particularly in technical applications, can in part be traced to a growth in the availability of specialist packaged software. Such software, often developed by independent software companies provides economies of scale, end user orien- tation and breadth of scope imposed by market forces. This paper reviews the emergence of these companies and current software econo- mics before extrapolating present trends to consider the effect of future fourth gen- eration languages upon productivity.

Jan 1, 1983

By Hare G

The emphasis in Australia, until recently, has been on large scale mining methods with drive sizes in excess of 4.5 metres square and the acceptance of high dilution ratios, even when working in relatively narrow orebodies. The rising cost of extracting and treating the recovered ore and the lower prices available in the world markets has seen a growing trend to narrow mining methods.Traditionally narrow orebody mining has been carried out using hand held drilling methods and rail mounted boggers. Recent advances in mobile equipment now offers the operator of narrow method mines the opportunity to completely mechanise the mine from the drilling, through bogging to haulage, while maintaining minimal dilution in drive sizes to two metres wide or less.

Jan 1, 1993

Process control computers are finding ever increasing applications within the chemi-cal and mineral processing industries.To purchase a system which fulfils both the immediate and future needs of operating, technical and management groups, requires an appreciation of the capabilities of the system software and the constraints which apply to user development of application software. Early decisions are then required as to who will develop and maintain the software. Rules and conventions must be determined and adhered to if the end result is to be an orderly, well structured and properly documented system. Software development and maintenance represents a substantial, and often hidden, cost. Getting it right the first time will avoid either a major re-work, or having to live with a system which is extremely diffi-cult (at the worst, impossible) to trouble-shoot or modify.

Jan 1, 1985

By G Ryan, Yu Nazimova

"An EXTENDED ABSTRACT is available for download. A full-length paper was not prepared for this presentation. This paper aims to highlight the global exploration opportunities that exist in connection with Ural-Alaskan (UA)-type intrusions. The key economic importance of UA intrusions is the existence of metallic platinum (mainly iron-platinum alloys) associated generally with chromite mineralisation and located within a dunite core, especially its coarse-grained part. Being very dense and resistant to erosion, platinum can form rich placers as the intrusion erodes. Big multimillion ounce placer platinum deposits of this type have historically been successfully mined for many years (eg Russia, Colombia and Alaska).However, large-scale exploration and mining of platinum placers currently occurs only in the Russian Far East. Outside of Russia, there is now little or no understanding of this type of deposit and its economic importance. Using successful operations in Russia as examples, it is demonstrated that there are many opportunities for similar discoveries all around the world, especially around the Pacific Rim, where such intrusions tend to be concentrated. Examples of highly prospective areas in eastern Australia and New Zealand are given. There is also excellent potential in British Columbia (BC) Canada, South-East Asia (Philippines, Indonesia, Papua New Guinea and New Caledonia) and South America (Colombia and Ecuador).CITATION:Nazimova, Y and Ryan, G, 2015. Platinum potential of the pacific rim of Ural-Alaskan-type intrusions, in Proceedings PACRIM 2015 Congress, pp 665–670 (The Australasian Institute of Mining and Metallurgy: Melbourne)."

Mar 18, 2015

The Hodgkinson goldfield contains over 50 separate lodes which have produced 9.7 tonnes of gold from ore averaging 37 g/t. The gold-quartz.lodes are spatially separate from tin and base metal mineralisation, associated with Permo-Carboniferous granitoids in the province. Host rocks consist of sub-greenschist metamorphic grade shale, conglomerate, sandstone, spilite, chert and melange. Oreshoots average 100 x 30 x I m in Size and are contained in cross-cutting quartz. filled with steep-dipping shear zones. Mineralisation in the quartz. consists of gold with minor arsenopyrite, pyrite, galena, and sphalerite with rare calcite. Scheelite and stibnite are aSSOCIated locally but are not necessary proximal or coeval. Alteration is restricted to centimetre-scale phyllic selvedges adjacent to the veins and veinlets.Most of the lodes and vems occur within six main 1.5 x 0.25 km mineralised areas whIch may indIcate separate areas of fluid flow and precipitation. Ore controls differ m melange- and sandstone-hosted lodes but several features are common to all the oreshOOlS. Most of the lodes occur within zones of duauon that are caused by splaymg, refraction through carbonaceous shale-sandstone contacts, or by rolls and changes in strike and dip.Lithologic contacts may act as areas of permeability and chemistry contrast which focus fluid and precipitation. Tensional veins are common between parallel shear zones and curved spur veins occur both in the hangingwall and footwall of the main fissure. Intersections and contacts may have enhanced local fluid flow in many of the areas.

Jan 1, 1991

The Pacific Rim countries of Australia, New Zealand, Papua New Guinea, Indonesia, Fiji, Philippines and Solomon Islands will be reviewed from an equity investors perspective. The following areas will be covered: ò Country risks ò Exploration spending and activity ò Project development ò Taxation ò Relative cost of doing business ò Environmental considerations ò Political/bureaucratic situations ò Capital raising ò Equity markets as a source of funds ò Developing market funds The aim of the paper will be to outline the most attractive areas for investment by equity and private funds plus documenting the changes needed in the less favourable countries if they are to attract investors.

Jan 1, 1995

Conditional simulation can be used to determine the probabilities of block iron-grades being above selected cut-offs. However, there are much faster alternatives that can produce acceptable results. In this paper blasthole data from a selected area of Joffre Member hosted ore of the Brockman Iron Formation at the Mt Whaleback orebody is used as the basis of a case study to assess alternatives to simulation. Iron grade, in per cent, is interpolated from a blasthole dataset into a block model using ordinary kriging. Samples are then removed from this blasthole dataset to produce data subsets. A complete distribution of iron grades for points or blocks is obtained utilising the data subsets and the following techniques: conditional simulation, median indicator kriging, the probability from conditional expectation and confidence intervals attached to the estimation of blocks in the framework of the discrete Gaussian model. The complete blasthole dataset is considered to represent the true iron grades at sample point support while the ordinary kriging estimate derived from these samples is considered to represent the true block grades. The distributions obtained from point estimates, block estimates and simulations are compared to each other and to the true estimates of iron grades using graphs and statistics. The conditional expectation technique reproduced the results obtained from conditional simulation extremely well and it is a viable alternative to simulation at point support. At block support the confidence intervals technique reproduced the results of the conditional simulation more closely than the median indicator kriging and in the data subsets tested the confidence intervals technique actually reproduced the true grade distribution more closely than the conditional simulation.

Jan 1, 2005

Investigation on Sheelite Floatability by Particle Size Fraction

Sep 13, 2010

The commonly used stainless steels, their properties and uses are briefly discussed.Two specific topics are then explored in more detai's to highlight development areas, the potential of which has been largely unexploited in mining milling, refining and smelting operations. The high strength to weight ratios achievable in austenitic stainless steels has been widely used in the transport industry to design high integrity light weight vehicles,especially railway carriages. This use has rarely been extended into other structural areas where highly aggressive environments could make stainless steel a cost effective material compared to protected carbon steels. The recently developed weldable ferritic steels are described and their potential in materials handling discussed. Particular attention is paid to 3CR12, a nominal 12% Chromium, titanium stabilised steel finding wide acceptance in the mining industry.

Jan 1, 1985

Australia is the dominant iron ore supplier to the Asian market, a position that began to emerge with the development of the Pilbara in the 1960s. Iron ore is now one of AustraliaÆs main commodity exports and is likely to remain so well into the future. The annual price negotiations are the focus of widespread comment and speculation by financial analysts, journalists and mining professionals. Much is written on the subject, but how much is understood? What is the process all about and what can mine managers learn from understanding the pricing mechanism? Every one of the major regional iron ore markets has its own characteristics. The focus here is Australian supply specifically to Asia, far and away the biggest and fastest-growing of these regional markets. The core of the paper reviews and explains the key elements and procedures that contribute to pricing iron ore in Asia, a market that has long been dominated by the Japanese steel mills (JSMs) and that is now feeling the full force generated by the rapid industrialisation of China. First, however, it is important to understand how this market has evolved over the past 40 years, and the key relationships that have shaped and continue to shape the iron ore price. A description of the essential technical and commercial factors follows. Each area is explained in some detail to provide an overall demonstration of the linkages and the importance of understanding the various influences on the pricing process.

Jan 1, 2006

By S Planeta

The use of explosives in underground mining has its drawbacks, particularly in the case of thin or narrow vein type deposits. Due to that, there is a need to develop more discriminative and safe rock-breaking technologies. Mechanical rock splitting seems to be one of the most promising avenues in this respect. This paper describes briefly principles and features of radial-axial splitters. It reviews a feasibility study done to evaluate a potential of this technology in selective mining. It was intended to compare productivity and cost of ædrill-splitÆ mining with conventional cut-and-fill method. Hypotheses and assumptions adopted, methodology used and the obtained results are presented and discussed. The study has confirmed an interesting potential of radial-axial splitters in mining thin and narrow vein deposits. In conclusion, it is stressed however, that it will take more R&D work to corroborate the results obtained. Some suggestions concerning future research in this field are also given.

Jan 1, 2003

By Ma F, Yang Q, Ujihira M

The effect of stresses and acoustic emissions on the gas permeability of coal was investigated in the field and the laboratory in order to find an estimative method of the practicability of gas drainage. In the field, acoustic emissions and gas emissions during gas drainage drilling were monitored tentatively at some coal mines in Japan and China.In the laboratory, acoustic emissions from coal specimens in addition to gas permeability were measured during the triaxial compression loading in order to interpret the results monitored in the field. Besides, the opening of gas permeation channels in coal was considered on the basis of the experimental results.

Jan 1, 1991