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With the use of 36 rock drills of the jackhammer type at the West Lyell Open Cuts of the Mt Lyell Mining & Railway Co, it is of importance to determine the economic as well as the physical life of these machines. With this purpose in mind records have been kept of the footage bored and the cost of new parts placed in each machine, and the following procedure adopted.A graph is plotted for each machine showing the footage bored as a horizontal line and at each 5000 feet of boring the total cost of new parts is noted on this line (see Figure 1). Thus at a glance it is possible to see the amount of work done by each machine and the money spent on it in new parts. However, it is difficult to visualise from this graph the increase in the cost of new parts for each machine as its life advances. To obviate this clifficulty a curve is plotted with the cost of new parts as the vertical component and the distance bored as the horizontal component.As before the cost of new parts are taken at each 5000 feet bored (see Figure 2).

Jan 1, 1994

By P Benjamin, H Bohannan, C Farr

Geoffrey Blainey's historical account of the mining activity on the west coast of Tasmania, æThe Peaks of LyellÆ documents the changes over 130 years of activity in the region. Commissioned by the Mount Lyell Mining and Railway Company, emphasis is placed upon the development of the Mount Lyell Mine in Queenstown. Chapter 19 æWidening HorizonsÆ details the review the Mount Lyell Company undertook in 1904/05 to ensure the future of the operation, following the pessimistic outlook regarding diminishing reserves and poor grade ore. The analogies documented between the Mount Lyell Company at that time, and Gold Mines of Australia 90 years on are remarkable, with both companies demonstrating a commitment to the Mount Lyell area through active exploration, the proactive search for alternative technology and the recognition of the valuable human resource. As Blainey writes (Blainey, 1993), æwith its expanding chemical works, its huge Tasmanian mines, its railways and smelter, its coke works and its mine crusade, Mount Lyell was probably one of the nation's five great industrial companies in 1906 or 1907. This brief phase of industrial and mining expansion had its seed in the threat of extinction . . .Æ After a number of reprieves, the Mount Lyell mine did stop production in 1994, but that only provided an impetus for a review and rebirth.

Jan 1, 1998

My closest personal connection with the problems of rehabilitation comes from two years spent on a project at Weipa. At the beginning I am fairly certain that the engineers did not understand the mental processes of the ecologist they were dealing with. I am absolutely certain that the ecologist did not understand the minds of the engineers. This form of the two cultures problem is the root of some of the matters that lie behind this lecture. It is possible to establish a stabilising cover of vegetation on virtually any land surface, short of a cliff. While the biologist knows this he also knows that the physical and chemical nature of a given acre of land combines with climate to define quite sharply just what plants can be grown there. In the case of land after mining the range of plants may be quite limited. The engineer, and his masters in the accounting section, seem (in my experience) to expect that rehabilitation can be carried on with equal speed and facility in any location. This belief commonly leads to a situation where rehabilitation is not considered until mining is well under way. True, the mine must be proved as an assured profit- earner before money can be justified for the non-productive (to the miner) expense of rehabilitation. But when the miner finally starts rehabilitation he does not always get a convincing and speedy result. Furthermore, the failure may not be easy to overcome. This is even more likely to be the sequence of events if the miner wants, or is obliged, to specify the exact type of vegetation to be produced, e. g. commercial forest, pasture,' or the original native vegetation.

Jan 1, 1971

IN preparing a sample of refined lead for analysis, it is necessary to exercise great care to avoid contaminatien, as the amounts of the various impurities present in market lead are very small. The lead is cut into convenient-sized pieces, which are flattened out with a hammer, so that, on putting tbe lead through the rolls, strips of about one inch in width and Ij32iu. in thickness are obtained. The hammer, anvil, and rolls should be carefully cleaned before use. The strips oflead are cut up into pieces of about one inch square. If the lead is roIled out very thin and cut up into small pieces there is considerable risk of the acid acting too violently and causing loss through frothing over. A blank assay on all the reagents used should becarried right through, along with the actual analysis of the lead. This is of the greatest importance, particularly with regard to the determination of such impurities as iron, sulphur, arsenic, and antimony.METHOD OF ANALYSISThe method of analysis is as follows: Take two lots of 600 gIm. each, place in a large beaker, add 2000 cc. distilled water and 750 cc. concentrated HNOs. Cover with a clock glass and warm on a hot asbestos plate until all action ceases. (If any white precipitate forms, filter off and examine for Sn and Sb.) Add 420 cc. H2S04 (1-1), and stir well while adding the acid: Allow PbS04 to settle, pour off the clear liquid into a 12-in. porcelain evaporating dish, and start evaporating down, the dish being placed directly on an 8-in. ring gas burner. Wash the precipitate three times by decantation using approximately 1200 cc. hot water for each washing, and stir well...

Jan 1, 1922

-in 1961,.West Australian Petroleum's Eneabba. No. 1 bore encountered twenty-two' seams of coal totalling forty feet in thickn' ss between the..'depths of 6373 feet and 64,/,1 feet. 0n'ana:lysis; this coal had a. similar calorific value (8000 - 9000 B.

Jan 1, 1964

Dilution in underground coal operations can be underestimated by up to five times during feasibility studies, with disastrous economic consequences. Every one per cent of stone waste introduced can reduce an in situ specific energy of 25 MJ/kg by some 0.25 MJ/kg and increases the abrasiveness of the run-of-mine coal. Where a wash plant is not in place, penalties imposed for not meeting contractual specifications alone can amount to some $A 1 million per year. This paper presents a method for monitoring, reporting and ultimately controlling dilution in an underground coal mining operation and presents the dilution trends from a continuous miner/longwall mine over an eight year period. The overall dilution level for the mine can be back-calculated by comparing the run-of-mine coal quality to the predicted in situ, undiluted quality. However, this will not identify the actual contaminant types, areas of the mine responsible for the dilution and the reasons for the dilution. This additional information is essential for controlling dilution to acceptable levels. Quality and horizon control using existing sampling information is generally only adequate for longer-term control purposes, and is not suitable for monitoring mining-induced dilution. The cost of close-spaced surface drilling to collect the information necessary for short-term control is prohibitive, particularly for deeper mines. However, much of this data can be collected through underground channel sampling and horizon control measurements taken during continuous miner development and longwall extraction. The mine runs the risk of not meeting contractual quality specifications and of increased equipment wear if this additional information is not available and the sources of dilution cannot be controlled. The information can also be used to plan longwall extraction heights on a short-term scale with resulting improvements in productivity.

Jan 1, 2003

By B A. Wake, G G. Lowder, M J. White

The Tooloom gold field is located within the New England Fold Belt in the far northeast of New South Wales, approximately 130 km south southwest of Brisbane. Gold was first discovered at Tooloom in 1857. Within a few years up to 10 000 people were mining placer gold deposits in the Tooloom valley and a few tried their hand at mining hard rock occurrences as well. Mining of alluvial gold continued in a small way at Tooloom until very recently, but only in the last few years, since Malachite Resources acquired its interest at Tooloom (now 100 per cent), has the full potential of this large, reduced intrusion-related gold field been appreciated. By the mid 1870s, once the alluvials were largely worked out, most of the early miners had made the 270 km trek north to the newly discovered Gympie gold field and Tooloom slipped into obscurity. Such was this obscurity that the Tooloom gold field was not recorded on published Government geological maps until 2001, four years after Malachite became involved. The many hard rock prospects that Malachite has identified in recent years were largely or completely unknown. Tooloom is a good example of blinkered thinking when it comes to modern mineral exploration. The New England province in NSW has long been the æpoor relationÆ to the much better known and more highly favoured Lachlan Fold Belt in NSW. It has also suffered serious neglect compared with the Queensland part of the New England Fold Belt that hosts such major gold deposits as Mt Morgan (>7 Moz), Gympie (>3 Moz) and Cracow (>1 Moz). Tooloom is proof that prospective geology does not stop at state borders.

Jan 1, 2004

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

Jan 1, 2004

This paper outlines the thermodynamic and mass balance principles which affect the distribution of cobalt between matte and slag during the pyrometallurgical treatment of nickel-copper sulphides and considers the implications with regard to maximising the recovery of cobalt from the smelting and converting circuit.

Jan 1, 1994

Exploration requires substantial capital, and is an extremely risky business (only 1 in 100 prospects ever becomes a mine). The average lead time, that is the time between discovery and production, varies from around two years for a gold mine, to 15 years for a lead/zinc mine. Since it takes years to find, prove and develop most ore bodies, exploration must be carried out years ahead of the depletion of existing deposits. Investors in exploration are exposed to risk for long periods before knowing whether they will receive a return on the funds invested. The risk, high-cost, uncertainty and long lead times involved in exploration make it an aspect of commerce that most managers and investors find difficult to rationalise or understand. Nevertheless, it is a given that the long-term survival of the mining sector depends on discovery of new mineral deposits, however the immediacy of the need to find or acquire new mineral deposits in order to compete and prosper in the industry is less well understood. This paper examines the commercial realities which underlie exploration for new mineral deposits. The first and foremost reason for exploration is to maintain or increase depleting ore reserves which are the asset base of mining, but there are other compelling commercial reasons for exploring, and these are: to maintain return on investment, to achieve growth or create wealth through discoveries which lead tonew mining ventures, to remain competitive in the industry, to diversify, and to control raw material source for mineral processing and/ormarketing ventures. Exploration is necessary for survival of the industry, and also for survival of organisations competing in the industry. The organisations which discover the best orebodies are in the best position to compete, and mining organisations which fail to find or acquire new mineral deposits rapidly become uncompetitive and unable to maintain return on shareholdersÆ investment.

Jan 1, 1998

By B Menzel, M Wlasenko, J Phillips

Yandicoogina (Yandi) open pit mine is located in the eastern part of the Pilbara region of Western Australia. It hosts pisolitic iron-oxide mineralisation distributed within a meandering paleoriver channel. The deposit is characterised by clays occurring as lenses, accretions, desiccation joint infill and voids in the pisolite ore. The irregular shapes and highly erratic distribution of these clay pods represent a serious challenge for grade control at this mine.The current grade control approach used at the Yandi mine is based on sampling of production blastholes on a 6 m X 6 m spacing. Their good spatial coverage, tight spacing and low cost make blastholes a very convenient media for grade control and ore-waste definition. However the potential downside of this grade control approach is poor sample representivity. An alternative grade control approach is to drill and sample using reverse circulation (RC) holes distributed on a 25 m X 25 m grid. This approach has been tested in Yandi mine and compared with the blasthole sampling approach for sample representivity. The impact of increased drill spacing on mining block predictions has been studied using a conditional simulation technique. Blasthole and RC samples proved to be similarly biased, underestimating Al2O3 and SiO2 grades and overestimating Fe grades, when compared to full cone assays. These results show that using RC drilling for grade control at the Yandi open pit will not necessarily improve the representivity of the grade control samples. However, increasing the grade control spacing to 25 m X 25 m will lead to more than 12 per cent of the selective mining unit (SMU) sized blocks being misclassified. This is approximately a two-fold increase in the number of misclassified SMU blocks in comparison with 5 m X 5 m spacing.

Jan 1, 2007

By W A. Ducker, R-H Yoon, M Mao

Froth flotation relies on an attractive force between a particle and a bubble to selectively extract particles from a mixture. The range and magnitude of this attractive force is an area of ongoing investigation. We describe measurements of the effect of dissolved gases on the long-range attractive surface forces between a silica plate and a glass sphere in aqueous octadecyltrimethylammonium chloride (C18TACl) solutions. The measurements follow on the work of Sakamoto et al (2002) who have concluded that long-range interactions occur in air-equilibrated surfactant solutions but not in degassed solutions. In the present work, we have measured attractive forces that have a much larger in magnitude than the expected van der Waals force in solutions that were degassed by the same procedure used by Sakamoto et al (2002). We find that the forces are most attractive at 5 + 10-6 M C18TACl, which is close to the charge compensation point (ccp) of the glass sphere. At this concentration, the attractive force decays exponentially with distance and the decay length is 34 in air-saturated solution, and 38 nm in degassed solutions. In both air-equilibrated and degassed solution, the force is quite sensitive to the concentration of surfactant. The force is also sensitive to the pH. We note that our degassing procedure increases the pH of the solution from about 5.7 to 6.6 (presumably by removal of dissolved CO2). We find that the forces measured in degassed solution can be reproduced by using a solution that was equilibrated in air, then the pH was increased by addition of NaOH. Therefore, we conclude that the main effect of degassing in our experiments is to raise the pH. We show that the range and magnitude of the attractive force decreases in the presence of salt (NaCl). This suggests an electrostatic mechanism for the attraction. Possible mechanisms for the attractive force are examined, including the mechanisms that rely on a patchy coverage of surfactant on the silica surface.

Jan 1, 2005

By Stein A

The general mechanism of recrystallisation for cold worked metal is well established, and need be only briefly summarised with a few references to recent articles which clarify minor points. The types of extension, whether by stretching, drawing, hammering, rolling, etc., do not alter the general principles (1), although quantitative results may differ somewhat, particularly with regard to differences between the surface and interior of samples.These principles can be summarised as follows: The first stage in annealing is a recovery (sometimes known as relaxation) of physical properties such as hardness, elongation, etc., without any appearance of recrystallisation; the second stage involves a further alteration in physical properties, accompanying the formation of new recrystallised grains which replace the original structure; a possible third stage involves an increase in the grain size of the completely recrystallised structure by absorption of smaller grains by larger ones. These three stages will be referred to as recovery, recrystallisation, and grain growth. Depending on conditions, the three stages may be clearly marked or may occur more or less simultaneously.For a given annealing temperature, cold deformations below a certain amount fail to give recrystallisation, and the final structure consists of the original grains which have recovered and possibly become more equiaxed. When a certain deformation, critical for that annealing temperature, is given, recrystallisation can occur, and will give the maximum recrystallised grain size.Increasing deformations beyond this give progressively smaller grain sizes.For each material there is a minimum recrystallisation temperature, below which recrystallisation will not occur whatever the deformation or time of annealing. For a given deformation there is a temperature, critical for that deformation, below which recrystallisation will not occur, and above which it will take place with increasing rapidity.

Jan 1, 1947

Recent well-publicised problems with the start-up of new mining projects have continued to feed the perception that the mining business in general and Ore Reserves in particular are a poor risk. New mines commonly experience difficulties when the true variability of ore characteristics becomes apparent during commissioning. At this critical stage, the impact of lower metal recovery, reduced throughput or increased consumption of reagents and energy can have a catastrophic effect on economic returns, as illustrated by the premature closure of some operations. There appear to be several common reasons contributing to the poor performance of mining projects, of which three are examined here: lack of early risk assessment before feasibility studies are started, inadequate sampling for metallurgical test work and variability of the run-of-mine (ROM) ore. An underlying feature of these issues is the lack of effective interaction between geologists, mining engineers and metallurgists/ process engineers. Geologists need to be more aware of ore processing issues and the range of characteristics that need to be considered as part of the resource estimate. Metallurgists need a greater understanding of the variability of the run of mine ore in terms of all the characteristics that influence the design and operation of the plant. Mining engineers need to determine the short-term variability of the ore in the mine schedule, so that there is confidence that the quality of the run-of-mine ore will be within the design specifications of the plant. A substantial overlap between these disciplines and sharing of areas of responsibility is necessary if these and other technical problems are to be better understood, production estimates are to be improved and commercial risks are to be reduced. Although the JORC Code (1999) provides guidelines for reporting all the issues that are material to an Ore Reserve estimate, some issues are rarely fully addressed in Ore Reserve reports. In particular there is no formal requirement for a metallurgist to assure his or herself of the appropriateness of the Ore Reserve classification. Consequently the level of uncertainty related to recovered grade and ore processing characteristics may be understated. It is suggested that to meet the concerns of bodies funding new mineral developments a stronger multi-disciplinary approach to the analysis of mineral deposits and reporting of Ore Reserves is required. The culmination of this approach would be the formal requirement for a geologist, mining engineer and a metallurgist to co-sign Ore Reserve reports.

Jan 1, 2002

By Carter LC

Following the perception by the Groote Eylandt Mining Company of a need to further beneficiate a fines product, and preliminary metallurgical testing to demonstrate the feasibility of such beneficiation, a comparison was made of the various configurations of cyclonic heavy medium separators available. This comparison consisted of (i) a pilot plant test in which a dynawhirlpool (DWP) and a pump fed cyclone were compared, and (ii) a survey of operating plants using the systems under consideration. Little metallurgical difference was found-between the different systems. The gravity fed cyclone configuration was finally chosen based on a particular need to minimise degradation of ore and on a desire, in so isolated a location, to use established and locally supported technology.

Jan 1, 1987

Forty two new apatite and zircon fission track analyses on the Kubor-Marum-Bena Bena area of northern Papua New Guinea severely constrain the timing of tectonic events and hence the tectonic models for New Guinea, particularly arc-continent collision. In addition, the data can be analysed regionally in terms of known and assumed lithospheric fault zones inferred to control mineralisation (eg. Corbett 1994; Kendrick et al 1995; Hill et al 1996) to determine reactivation of these zones. When combined with the new kinematic plate models for the evolution of New Guinea (Hall 1997) there is the potential to predict likely zones of mineralisation. The low-medium grade? Palaeozoic rocks of the Bena Bena terrane yielded a zircon fission track age of 17 Ma, indicating the time of cooling below 200¦C. The age is consistent with `the shift, at about 16-18 Ma, from volcanolithic sediments to mixed provenance sediments rich in quartz and metasedimentary lithic fragments in the southern Finisterre Ranges (Abbott et al. 1994). This shift was recorded in the Sukurum Formation, which ranges in age from Middle Miocene to Pliocene with quartzose and metasedimentary grains in all samples. Although recording rocks at temperatures of 200¦C and hence depths of ---5km, the 17 Ma age suggests the Bena Dena terrane was rapidly cooling at that time due to uplift and erosion, supplying metasediments to the southern flank of the Finisterre Range, currently 100 km to the east. Significantly, the Middle Miocene Akuna Intrusive Complex, dated 14-17 Ma by Page (1976), lies almost entirely within or adjacent to the Bena Bena terrane. Potentially the uplift, erosion and cooling of the terrane at 17 Ma may have been caused by the rising plutons. If so the 800 sq km exposure Akuna Intrusive Complex at the SE end of the Bena Bena terrane may have been the focus of uplift and supplied the metasedimentary detritus to the Finisterre Range. This suggests that the Finisterre Range was not far removed from the Bena Bena terrane, perhaps less than the 200 - 400 km indicated by Abbott et al (1984). The Akuna Intrusive Complex probably resulted from subduction of the Solomon Sea Plate beneath the PNG margin. In order for the subducted slab to reach depths of -100km below the area to facilitate partial melting and plutonism (Hamilton 1994), subduction probably commenced 3-5 Ma Ma before plutonism, ie at or prior to 20 Ma suggesting a significant change in the tectonic regime at -20 Ma, perhaps related to collision of the Solomons - Ontong Java Plateau collision (eg. Hall 1997). The main result to emerge from the 28 apatite fission track analyses is that the whole of the study area underwent rapid cooling due to uplift and denudation in the Late Miocene, mainly between 7-10 Ma. Results from several samples indicate that they were not totally overprinted prior to uplift indicating maximum burial of -3 km in the Middle Miocene, assuming normal temperature gradients. The burial is less if higher gradients are assumed, allowing for Middle Miocene plutonism. The Late Miocene cooling in the Mobile Belt agrees well with the Pliocene to Recent cooling in the Fold Belt to the SW, interpreted to be due to uplift and erosion associated with fold and thrust deformation of the Miocene Limestones (Hill & Gleadow 1989). This timing relationship suggests, that compressional deformation in the Mobile Belt occurred in the Late Miocene, at 105 Ma, and that the deformation migrated towards the undeformed foreland in the southwest in the Pliocene, at 5-2 Ma. The regional Late Miocene uplift and denudation in the Mobile Belt is also consistent with that postulated by Crowhurst et al (1996; 1997) for northwest PNG, although they considered the event to have occurred mainly from 8-5 Ma. If so, then the uplift and denudation may have been migrating from east to west as well as to the south into the Fold Belt. These timing relationships place significant constraints on tectonic models for the area, indicating that the major compressional pulse in PNG commenced in the northeast at -10 Ma and migrated to the southwest and west in the latest Miocene to Pliocene. This suggests that the initial arc-continent collision and associated shortening occurred in the Late Miocene around -10-12 Ma. This immediately followed intrusion and cooling of the Akuna Intrusive Complex at -17-14 Ma and the Bismarck Intrusive Complex at -12.5 Ma (Page 1976), indicating a linkage between the end of plutonism and the start of compressional deformation. The timing is consistent with the observation of Hamilton (1994) that in areas of subduction `the common regime in overriding plates is extensional and leading edges are crumpled only in collisions. This suggests that the Middle Miocene magmatism in northern New Guinea occurred during extension above a subducting slab and was terminated by Late Miocene arc collision and resultant compression commencing at -10-12 Ma. In general, these data indicate that the acme of denudation and cooling in the Mobile Belt was in the Late Miocene, with relatively little denudation there since. In contrast, Hill & Gleadow (1989) found that the peak of denudation in basement outcrops in the Fold Belt was in the Pliocene at -4 Ma. However, in this study some samples from the Mobile Belt yielded Pliocene ages or high

Jan 1, 1997

The CSIRO acid alumina employs the essential steps of digestion, hydrolysis and calcination to produce pure alumina from ores too high in silica or too low in grade for the Bayer process. The two latter stages have been described in some detail previously but the digestion stage requires separate dis-cussion since ores vary widely in composition and reactivity. Kaolinitic clays require. roasting to 8000C to render the alumina soluble in the 11 per cent sulphuric acid used in the process while some ferruginous laterites require roasting to reduce the reactivity of iron minerals. The iron content of pregnant solutions is kept at a low figure by digesting at temperatures where the solubilities of ferric oxide or basic ferric sulphates are small. A.two-stage, counter-current digestion is necessary to extract a high percentage of alumina from the ores and to pro-duce a basic pregnant liquor, with an S03:Al203 ratio of 1. 9 suitable for high temperature hydrolysis. The second stage of digestion, called the modification stage, treats slightly acid liquors with exces's of ore in the temperature range 1200- 1400C. The first stage operates at 1700-190 C to extract further alumina from modification residues, using recycled acid obtained from later steps of the process. Both temperature ranges are critical for economic operation and for proper con-trol of the iron content of solutions. In batch experiments, thirty minutes is regarded as a suitable retention time for digestion and modification; ores which require much longer than this are less suitable for the process. Impurities. such assilica, titanium and vanadium oxides are discarded in the residue along with iron oxide and do not contaminate the final product. Bivalent metallic sulphates such as MgSO4 can build up in the circuit to a very considerable degree without affecting. product purity.Comparison with other processes shows that the C. S. I. R. O. process is superior for control of contamination by iron, which is the major problem in acid processes. The pure intermediate product (3 A1203. 4 S03. 9 H2O) is also more convenient for cal-cination to alumina than the hydrated aluminium sulphate usually recovered in other processes. Detailed cost comparisons must await pilot-plant evaluation of the C. S. I. R. O. process.

Jan 1, 1963

Fundamentally, the development of a minerals processing project is a very risky enterprise. Most mining companies do not have sufficient financial resources to undertake significant projects and hence have to undertake external financing. Indeed, most resource companies understand the high risks associated in developing their projects and therefore, wish others to share in the risks. Most merchant banks, on the other hand, are searching to find suitable resource development projects in which they can share their risk and also share a large proportion of the ærewardÆ. To resolve this issue a Feasibility Study is completed by the project developer and assessed by the merchant bank often with the assistance of an æIndependent EngineerÆ (IE) who assesses the validity of the development proposal. Generally speaking, unless the Feasibility Study has been prepared improperly, the technical aspects of most mineral projects are reasonable. Some of the more recent so-called æhigh techÆ projects are exceptions but these still do not present major technical mistakes or misconceptions. p> In most cases, the major criticism the IE presents after discussing the validity of the ore reserves focuses on production plans, capital costs and operating costs. Of these three parameters the production plan is one in which owners tend to be far too optimistic and financiers, until recent years, have not taken a position. The most critical part of the development plan is the ability of the project, as designed, to attain the required design performance and, even more critically, the ability of the owner to reach and sustain this level of production. In short, how long should the æramp-upÆ be planned to take? Financiers have become more circumspect and are now taking a more conservative view of new project performance by factoring into their project financial analysis longer periods of ramp-up, higher capital costs and higher operating costs. However, these financiers can also be part of the æproblemÆ if they become overly conservative. This paper attempts, by way of case studies available from the public arena, to identify the pitfalls the project owners can meet and possible means of avoiding the disastrous financial conundrum whereby the second or third æownerÆ is the company that reaps the rewards initially extrapolated. The paper briefly discusses this problem by referring to projects known to the author and including previous studies that looked at this very problem. It is emphasised that many of the opinions stated within the paper are strictly those of the author and could be subject of much debate.

Jan 1, 2003

During 1991 - 1993 the author interviewed approximately thirty senior managers of varying responsibilities in either the engineering, construction or operation of a heavy industrial facility. The purpose of the exercise was to determine the factors driving a deterioration of the working relationship between the engineering and the operating company following practical completion of a major project. From the research a number of conclusions have been drawn as to the root cause of the deteriorating relationship. For this paper we are drawing on this initial research and our ongoing experience of solving problems of this nature to present some fundamentals that can be used to break the breakdown maintenance cycle.

Jan 1, 1998

By Folie M

Energy models are evaluated according to their contribution to policy decisions. The view taken is that if any model is to provide policy insights, it should be based on economic theory. The difference in modelling methodology between economists and technol- ogists is discussed. The technique of energy analysis is criticised. The basic structure of some of the large economic models is presented and their policy usefulness is Discussed.

Jan 1, 1977