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The environment has emerged as a permanent component of Australia's socio-political context, intricately linked with personal and future security.The implication of this powerful new influence on the Australian Minerals and Energy Industry sector has been a plunging public image.

Jan 1, 1993

By J A. Sanchidrián

The general ranges of validity of some distribution functions are assessed from their behaviour with 119 sets of fragmentation data from bench blasting obtained by sieving. The emphasis is on determining the lower size/passing limit that the size-scaled Rosin-Rammler, Grady and Swebrec functions, and their bi-component versions, can represent with reasonable precision. By fitting these functions to the data using different weights, the accuracy of the fit varies in the different size/passing zones, so that an overall knowledge of the capacity of the function is obtained across the whole size range, from the coarse zone to the fines. Reasonable ranges of use of bimodal Rosin-Rammler and extended Swebrec (all of them five-parameter, bi-component distributions) are, in terms of percentage passing p, 99 > p > 2 per cent (up to 100 per cent for the extended Swebrec), or 90 > p > 0.5 per cent, in which the expected error of the calculated size is below 15 per cent in the extremes of the range, and less than five per cent in most of the central range; maximum errors (ie errors that will only rarely be exceeded) are typically less than 50 per cent in the central range, and up to about 100 per cent in the extremes. Ranges of use for the Swebrec and the size-scaled Rosin-Rammler (three-parameter distributions), with only slightly larger errors than the bi-components, are 100 > p > 5 per cent or 80 > p > 2 per cent. The classical two-parameter Rosin-Rammler can be used in the range 95 > p > 20 per cent or 90 > p > 10 per cent, with expected and maximum errors less than about 15 per cent and 100 per cent respectively.CITATION:Sanchidrián, J A, 2015. Ranges of validity of some distribution functions for blast-fragmented rock, in Proceedings 11th International Symposium on Rock Fragmentation by Blasting, pp 741–748 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Aug 24, 2015

By S Pradhan, A Kuras, R Mahajan

This paper describes the design of the precast concrete segmental lining for the 13.1 m internal diameter and 450 mm thick, 2.4 km long mainline tunnels for the Waterview Connection project in Auckland for the New Zealand Transport Agency.The design and detailing of this segmental lining presented some noteworthy challenges, including an alignment that has sections of low cover in soft ground. Key points of interest are that this precast segmental lining is the largest to ever include steel fibres as the primary method of reinforcement and the lining includes cams on circumferential joints to control ring deformation.The paper describes some of the key design decisions that were made in a collaborative manner with the construction team, tunnel boring machine manufacturer, segment manufacturer and the designers.CITATION:Mahajan, R, Kuras, A and Pradhan, S, 2014. Design of segmental lining for Waterview Project, Auckland, New?Zealand, in Proceedings 15th Australasian Tunnelling Conference 2014 , pp 289–294 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Sep 17, 2014

By C McIntosh, M Carder, P M. J Durance

"An EXTENDED ABSTRACT is available for download. A full-length paper was not prepared for this presentation. Disseminated, gold-bearing sulfide minerals hosted in sheared, wall rock metasediments and clay alteration zones comprise one of the dominant styles of Palaeozoic orogenic gold mineralisation within the Reefton Goldfield, and is exemplified by OceanaGold’s Globe Mine. This study begins the exploration and characterisation of the gold-arsenic-antimony mineralisation hosted within the dominant lithologies of the Globe-Progress shear zone. The main gold-bearing sulfides are pyrite, arsenopyrite and stibnite. Pyrite and arsenopyrite are not compositionally uniform across the Globe-Progress shear zone. Pyrite from the mineralised greywacke and argillite has higher As contents than pyrite in the host rock and pug breccia. Furthermore, the mineralised greywacke and argillite pyrite are enriched in As from core to rim. The 3D models based on bulk assays reveal a significant correlation in the distribution of Au, As and Sb. The interpolant for Sb envelops those for Au and As, which in turn are very similar to each other in their vertical and lateral extents across the shear zone. This result is consistent with earlier findings that the occurrence of stibnite represents a separate and likely later phase of mineralisation relative to that represented by the formation of disseminated pyrite and arsenopyrite both of which exert a stronger control on the distribution of As.CITATION:Durance, P M J, Christie, A B, McIntosh, C and Carder, M, 2015. The composition of disseminated, gold-bearing sulfides within the three-dimensional framework of bulk Au, As and Sb in the Globe-Progress orogenic gold deposit, Reefton Goldfield, New Zealand, in Proceedings PACRIM 2015 Congress, pp 327–334 (The Australasian Institute of Mining and Metallurgy: Melbourne)."

Mar 18, 2015

By J King, T Hunter, R Coleman

"The industry that supports operations and new projects is suffering a rapid decline in the currently severely curtailed capital investment environment. This is evidenced by a decline in the number of skilled teams, who are now centred in fewer locations. Other features are an aging and retiring ‘Baby Boomer’ generation, coupled with a low uptake of new graduates and the uncertainty in predicting future capital expenditure programs and requirements. Combine this with a reluctance of cash-poor operations to modernise and adapt in an environment of low metal prices, and there is a real uncertainty in how service providers will meet industry needs as they evolve.The industry that supports operations and new projects is suffering a rapid decline in the currently severely curtailed capital investment environment. This is evidenced by a decline in the number of skilled teams, who are now centred in fewer locations. Other features are an aging and retiring ‘Baby Boomer’ generation, coupled with a low uptake of new graduates and the uncertainty in predicting future capital expenditure programs and requirements. Combine this with a reluctance of cash-poor operations to modernise and adapt in an environment of low metal prices, and there is a real uncertainty in how service providers will meet industry needs as they evolve.Trends amongst service providers will be put forward as well as developing options and alternatives. These embrace a whole gamut of agile alternatives in the areas of partnering, alliances, commercial and shared risk models and mutual innovations. These will be discussed with some case studies and suggested approaches.Particular emphasis will be upon brownfield expansions and upgrades which have emerged recently as a preferred lower capital and focused way to achieve best practical outcome at lowest cost. There are a number of specific features of such brownfields projects including the requirement for very close cooperation between the execution team, operators, maintenance and suppliers and a maximum usage of site resources and ingenuity. Often, required investment hurdle rates are high, downtime allowed is minimal and site resources usage is maximised. This requires mutual trust, good planning and high health, safety, environment and community (HSEC) standards and practice. In many ways the practices and skills needed are the exact opposite of the historical ‘big greenfields’ project with which the industry has been geared for more recently.Another developing area has been with innovative commercial models and practices. These have been as a direct result of the more challenging investment criteria being adopted and the relative hunger of service providers. It has become more common to look at these commercial/costing alternatives very early in the project cycle as an essential project tool and not just as a possible option. These commercial solutions cover such alternatives as leasing and rental, deferred payments, build–own–operate–transfer (BOOT) and build–own–operate (BOO), whole-of-mine preferred spares and maintenance terms, and aggressive performance targets with real assurance penalties. Once again this requires very close mutual dealings and trust, and sufficient time allocation compared to a conventional approach.Citation:Coleman, R, King, J and Hunter, T, 2016. Upgrades, Modernisations and Expansions... Where Will the Expertise, Capability and Skills Come from in the Future?, in Proceedings 13th AusIMM Mill Operators’ Conference 2016, pp 69–76 (The Australasian Institute of Mining and Metallurgy: Melbourne)."

Oct 10, 2016

By R Robinson

Modem occupational health practice can be described as the fitting of work to the individual and each individual to his job; perhaps a non-traditional way to view occupational health. This two-component description is achieved through the development of programs to implement and monitor specific job procedures, from the monitoring of unwanted exposures to contaminants to the auditing of mine sites. This paper is about such programs. Some attempt must be made to evaluate the effectiveness of the program and several performance indicators which are intended to measure the effectiveness of such a program are offered.

Jan 1, 1994

By Johnson N. W, Manlapig E. V, Alexander D. J, Franzidis J. P

The importance of the froth region on flotation performance is often emphasised in the literature. It is well-known that decreasing froth depth or increasing air flowrate results in increasing cell recovery at the cost of lower concentrate gra

Jan 1, 1997

By Donchak PJ, Lang SC, Hammond RL, Bultitude RJ

The Hodgkinson and Broken River Provinces form the northern part of the Tasman Orogen. They are separated by a broad belt of Late Palaeozoic igneous rocks, but were probably originally continuous. They are bounded to the west by a system of major faults (Fig. 1) which separate them from the Georgetown Province. Although largely Precambrian, the Georgetown Province includes probable Siluro- Devonian granitoids, and in the south adjacent to the Broken River Province, metamorphosed Early Palaeozoic(?) volcanics and sediments of the Greenvale Subprovince. South of the Broken River Province, the Lolworth-Ravenswood Province includes probable Precambrian rocks, Cambro-Ordovician volcanics and sediments, and voluminous Ordovician to Early Devonian granitoids. The first systematic studies of the provinces were the 1:250 000 scale mapping programs by the Bureau of Mineral Resources and Geological Survey of Queensland (White, 1965; de Keyser and Lucas, 1968). These and subsequent regional studies were reviewed by Arnold and Fawckner (1980). Remapping by the Geological Survey of Queensland since 1982, and a concurrent regional study of the deformation by Hammond (1986) have provided much new data. We acknowledge the contribution of other members of the GSQ field parties - L. Cranfield, J. Domagala, B.G. Fordham, P. Green, R. Halfpenny, R. Hegarty, L. Hutton, S. Law, D. Macansh, T. McLennan and M. Scott.

Jan 1, 1987

Currently there are in excess of 200 companies listed on the New Zealand Stock Exchange and the total market value of all the listed shares amounts to $4.6 billion. The number of listed mining companies stands at nine and with a market value of $35 million accounts for less than one per cent of the total market capitalisation. In comparison, the Australian mining and energy sectors account for nearly 50 per cent of the total market capitalisation, which currently exceeds A$41 billion. Surprisingly the share markets in both countries were primarily founded on the discoveries of minerals last century.

Jan 1, 1982

By Parfitt RL

A quarter of the North Island, New Zealand is covered by weathered volcanic tephras of mainly andesitic and rhyolitic compositions. Rapid weathering of basic volcanic glass and slower weathering of acidic glass have produced short-range order alumino-silicate clays such as allophane. Although amorphous to x-rays they have a high degree of local structure. Allophane comprises hollo spheres of approximately 40 diameter and 7 X wall thickness. This small particle size and morphology gives a very high surface area (up to 800 m2/g). Ferrihydrite is another short-range order clay of similar small size and high surface area; it has ò formed from the rapid oxidation of water containing ferrous iron derived from volcanic rocks. The quantity of allophane present in tephra depends upon the climate, the nature of the volcanic glass and the time it has weathered. In New Zealand highest amounts (-50%) occur in beds of andesitic ash deposited on old ignimbrite surfaces with mean annual rainfalls >1600 mm. Both allophane and ferrihydrite will react with oxyanions, such as phosphate, arsenate or borate, and remove them from solution. Other anions such as fluoride also react with aluminium sites on the mineral surface. At NZ Soil Bureau, Department of Scientific and Industrial Research (DSIR), New Zealand, techniques have been developed for granulating allophane to enable it to be used to remove pollutants from solution without dispersion into the liquid phase. This granulated allophane can be used to remove phosphate from sewage effluent or fluoride from tap water without having a sedimentation stage to remove the clay.

Jan 1, 1987

By Quan P. M

The great advances made in the application of solvent extraction to the recovery of copper from low grade ore sources over the past 15 to 20 years are well known. Solvent extraction is an essential step in the recovery and purification of copper from dilute sulphate leach solutions by which some one million tonnes of copper are now electrowon annually. A reagent is also available for the selective recovery of copper from chloride leach solutions and this may hold the key to the processing of complex sulphide ore concentrates. By comparison, the use of solvent extraction in the recovery and processing of zinc has as yet found little favour and is confined to only a few specific and comparatively small applications. This is despite the ready availability of a large number of low grade zinc sources and zinc-bearing wastes and residues. It is suggested that this difference is due in large part to the absence of suitable reagents having the particular features required to enable them to fit into a solvent extraction - electrowinning based process for zinc. Ideally, for the recovery of zinc from dilute sulphate solution, an extractant should operate on a proton exchange principle and be strong for zinc in the same way that o-hydroxyaryloxime reagents are strong towards copper. It should load efficiently with zinc at the pH of typical sulphate feed streams without the need for neutralisation and yet be stripped efficiently by spent zinc electrolyte. Another factor of major importance for many applications, however, is that it should be highly selective for zinc over ferric iron. These features have now been realised in a development extractant DS5846, which is a formulation of a novel class of reagent currently under investigation by Zeneca Specialties. The properties of this reagent are described with respect to selectivity, isotherms and how they compare with phosphoric and thiophosphoric acids that have been previously proposed for the extraction of zinc. For the recovery of zinc from concentrated chloride solutions a solvating or neutral donor type of extractant is required which again should ideally have high selectivity for zinc over a number of other metals, particularly iron. The new reagent Acorga ZNX50 is based on a formulation of a novel class of compound developed specifically for this purpose. It gives efficient extraction of zinc from feed solutions that are four to six molar in chloride ion but is readily stripped at 60 - 65¦C using either water, dilute brine, or spent zinc chloride electrolyte. The reagent is highly selective for zinc over iron and a range of other metals including cadmium, arsenic, lead and magnesium.

Jan 1, 1993

By L C. P J Fonteneau, B Godel, E R. Ramanaidou

The Hamersley Province in Western Australia hosts large iron ore deposits. Each deposit displays various iron ore types that were defined on their metallurgical properties, especially in terms of porosity and mineralogy. Conventional porosity and mineralogy information on iron ore types are provided on 2D thin sections using automated image analysis with scanning electron microscopy (SEM)-based techniques combined with chemical analyses. However these techniques cannot accurately quantify the 3D porosity. High-resolution X-ray computed tomography (HRXCT) is a non-destructive technique providing a 3D image of the sample with a resolution close to 0.5 - 0.7 ¦m for samples size of up to few centimetres in length. 3D image analysis using customised algorithms now provide accurate quantitative porosity and mineralogy of iron ore types.CITATION:Fonteneau, L C P J, Godel, B and Ramanaidou, E R, 2013. Application of high-resolution x-ray computed tomography to iron ore characterisation, in Proceedings Iron Ore 2013 , pp 243-250 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Aug 12, 2013

By C J. Moran

The Gladstone region, as one of the most industrially intense regions in Australia, uses significant quantities of fresh water. Awoonga Dam, situated on the Boyne River, is the only major source of water in the region. The current typical annual usage is 53 GL (Porteous, 2006) and approximately 80 per cent of the water is used by heavy industry (Gladstone Area Water Board, 2004). Until relatively recently, there has been ready and easy access to raw water for industrial use. The recent drought, which resulted in severe water restrictions in 2002 and 2003, emphasised the importance of water for a dominant industrial region like Gladstone. Although now in the process of changing, the typical contractual arrangements in the past have provided little financial incentive for efficient water use. From research undertaken on potential water reuse opportunities, several key questions have emerged related to water management in an industrial region such as Gladstone. This paper highlights these key questions, presents findings from recent regional strategies and assesses the potential for water reuse. Even though there is no clear-cut financial incentive for reusing water, there could be stronger regional and risk mitigation drivers for doing so. Initiatives to incorporate adaptive capacity through collaborative industrial synergies would allow for robustness and resilience in water security, leading to long-term sustainable water management across the Gladstone region.

Jan 1, 2006

Intermontane valleys form unusual features of compressive mountain belts both in the sharp topographic break they represent and in the strike-slip displacements often associated with the valleys. Such strike-slip motion seems hard to reconcile in the actively deforming Andes where reconstructions have indicated nearly perpendicular Cenozoic plate convergence. Detailed study of a part of the Argentine Andes between latitude 31-33¦S suggests that, although strike-slip displacements may have largely created a prominent intermontane valley system, no Holocene strike-slip displacements are observed amid the relatively active compressional deformation along the mountain belt flanks. New plate reconstructions, treating the Nazca plate as two microplates separated by fractures along the Nazca Ridge, predict large components of strike-slip motion between the South American and Nazca Plates for the period from 10 to 5 Ma. These reconstructed plate motions are consistent with strains derived from recent kinematic analyses of minor faults along the southeast margin of the Puna plateau and the general timing of tectonic phases in the Andes.

Jan 1, 1987

By A Gerson, S Miller, R Smart, J Thomas

Environmental Geochemistry International (EGi) and the Ian Wark Research Institute (IWRI) collaborated in a three-year Australian Minerals Industry Research Association (AMIRA) research project (Project Number P387A) focussed on the prediction and kinetic control of acid mine drainage. As part of this project, single addition, and sequential net acid generation (NAG) testing was carried out on sulfide mineral samples. The test samples comprised a range of synthetic waste materials prepared using a quartz bulk and controlled quantities of the commonly occurring sulfide minerals; pyrite (FeS2), pyrrhotite (Fe7S8), arsenopyrite (AsFeS), chalcopyrite (CuFeS2), chalcocite (Cu2S), covellite (CuS), bornite (Cu5FeS4), galena (PbS) and sphalerite (ZnS). NAG test results clearly show that there are significant differences between the acid forming potential of sulfide minerals. The NAG test results for each mineral were compared with theoretical acidity values (NAPP*). The NAPP* calculation was based on stoichiometric oxidation reactions assumed for each of the sulfide minerals. Sequential NAG values for pyrite corresponds closely to predicted NAPP* values, confirming the assumption that pyrite oxidation occurs according to the stoichiometry assumed. For the pyrite sample with 5 wt per cent S, two NAG stages were sufficient for all of the sulfur to be released to solution. Since sulfides in waste materials will generally be dominated by pyrite, results also confirm the validity of including NAG testing for ARD evaluation of most waste rock. NAG testing confirms that of the sulfide minerals examined, only pyrite, pyrrhotite, arsenopyrite and chalcopyrite are acid producing, ie able to produce leachate with a pH less than 4.5. In the case of sphalerite, galena, bornite, chalcocite and covellite the pH of the final NAG solution was greater than 4.5. The significant differences between the acid forming potential of different sulfide minerals could lead to overestimation of acid producing potentials based on NAPP values calculated from total per cent S alone, ie assuming all S is present as pyrite. The oxidation of galena during the NAG test resulted in the consumption of acid. The examination of the galena surface by X-ray photoelectron spectroscopy (XPS) after oxidation in peroxide solution indicated the presence of polysulfide. The reaction of sulfide to polysulfide is acid consuming, thus explaining the net acid consuming behaviour of galena in the NAG test. This reaction pathway may provide a possible explanation for the lower than expected acid production observed for some of the other sulfide minerals examined.

Jan 1, 2003

By Fee BS

This paper describes four new families of collector products which are currently being introduced at the industrial level. A brief summary of the chemical basis behind each product family will be given. This is then followed by a selection of flotation examples which illustrate the more important use characteristics that have been observed to date. It is becoming more apparent with further testing that these four new product families can offer both technical and economic advantages to the industrial flotation process operator.

Jan 1, 1993

By Brigden J. F, Birrell

A regional geochemical exploration programme commenced in July 1983, based upon low-density sampling of lateritic duricrust over parts of the Yilgarn Block of Western Australia. This resulted in recognition of an area significantly anomalous in chalcophile elements that progressively led to the discovery of the Johnston Range gold deposits in 1985. The deposits, on the Barlee 1:250,000 map sheet, occur in four mineralized zones, and production is expected to commence during 1988. The programme leading to the Johnston Range discoveries was a collaborative research/ applications study between the AGE Joint Venture (Greenbushes Ltd., St. Joe Minerals, and from 1985, Sons of Gwalia NL) and the CSIRO Laterite Geochemistry Research Group (Smith, 1987). It built upon a precursor project sponsored by Greenbushes Tin Ltd that commenced in 1980 and arose from an orientation laterite research project in the Greenbushes rare metal pegmatite district (Smith et at., 1987). Both were multi-commodity programmes and included the search for gold deposits. Basic methodologies for sampling and data interpretation have been described by Smith and Perdrix (1983) and Smith et at. (1984). Continuous geochemical coverage of designated parts of greenstone belts was sought using a triangular grid of 3-km or 1-km spacing, depending upon the expected prospectivity of the areas and the size and characteristics of the ore deposit targets. First-pass sampling, that resulted in the Johnston Range discoveries, was at 3-km spacing and several samples within a 30-km by 5-km area were

Jan 1, 1988

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

The products of Lower Miocene calc- alkaline activity on the east coast of Northland, New Zealand are described and contrasted with coeval rocks of the northern North Island. These rocks, the Eastern Volcanic Belt (EVB), occur in four main centres aligned north-west to south east as either plutonic/hyabyssal bodies or as agglomeratic piles and dyke intrusions. Significantly the plutonic members always occur to the north-west of the volcanic members, probably indicative of differential uplift along faults (upthrown to the north) aligned perpendicular to the EVB. A full basalt-rhyolite (diorite-granodiorite/ adamellite) spectrum is represented, with a temporal progression towards the silica-rich endmembers indicated by cross-cutting field relationships. Modal mineralogy parallels this trend, consisting of two-pyroxene, hornblende, biotite, quartz/alkali feldspar modal assemblages, and with rare occurrences of olivine and garnet-bearing volcanic phases. Chemically the EVB is medium-K, calc-alkaline (with respect to AFM and total-Fe/MgO vs. Si02 indices) and quartz and hypersthene normative. The thirty two available K-Prisotope dates indicate that activity was largely confined to the Lower Miocene (24Ma-16Ma), with an apparent younging towards the south east. Initial B7Sr/e Sr ratios (0.70335- 0.70679) are indicative of a continental- arc-type setting, however it is unlikely that a straightforward tectonic reconstruction for this part, of the Pacific Margin is possible. Evidence from xenoliths, both petrologic and isotope, within EVB magmas and from regional geologic studies suggests that hypotheses pertaining to a volcanic arc sited over a subduction zone may hold little relevance in this case. The review concludes that the EVB developed from the partial melting of a geochemically evolved lower crust as indicated by xenolith evidence. This occurred in response to thickening initiated by a short-lived obductive event in the uppermost Oligocene, and controlled spatially by pre-existing basement structure. Intra-suite chemical and mineralogic variation reflects not only crustal variability, but localized differences in physico-chemical conditions best illustrated by the rare occurrences of olivine and garnet.

Jan 1, 1987

By R J. Butcher

Many deposits have been evaluated as potential block caves over the last 20 years due to the perceived benefit of low operating costs. However, block cave projects are typically capital intensive, with mass mining providing high throughput rates that required large investments in mining, processing and utilities infrastructure. While the key economic metrics in deciding to proceed with a caving project are typically net present value (NPV) or internal rate of return, these may not represent the best decision metrics for some companies. Where a caving project is competing for scarce capital amongst other projects in a company’s portfolio or where the caving project is the only project being evaluated by a company trying to raise capital, other metrics may be more appropriate. This paper explores the use of present value ratio and the minimising of maximum negative cash flow as suitable metrics in determining alternative strategies. Trade-offs between optimising for economic value and capital efficiency measures allow for decision-makers to evaluate potentially higher-risk, higher-capital and maximum NPV projects against lower-risk, lower-capital projects.CITATION:Stewart, C A and Butcher, R J, 2016. Block cave evaluation, in Proceedings Seventh International Conference and Exhibition on Mass Mining (MassMin 2016), pp 809–816 (The Australasian Institute of Mining and Metallurgy: Melbourne).

May 9, 2016