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This paper compares and evaluates the impact of income tax and value-added tax on the decision to explore for minerals or to develop a mine in four countries: Australia, Papua New Guinea, Argentina and Indonesia. Three aspects are considered in depth:- domestic tax rules applicable to mining projects;- taxation of foreign mining investment and foreign providers of expertise;- taxation of project finance (other than equity) from foreign sources.Specific tax issues discussed include tax deductibility of various costs, treatment of tax losses, special tax incentives, comparative treatment of various corporate structures, non-resident withholding taxes, and tax costs of various forms of project finance. The paper also illustrates the comparative impact of income tax on rates of return by means of a simulation of a mining project in each of the four countries. The simulation demonstrates why the highest rate of return may be obtained in Argentina and the lowest in Australia.Relevant features of the income tax systems in each country (at 15 February 1990) are summarized and compared in several tables annexed to the naner.

Jan 1, 1990

DCF Valuations are very important to individuals and companies involved in the mining industry. Such valuations are critical to investment decisions in relation to new and existing projects. In particular they provide fundamental information to shareholders in the event of a capital raising or takeover and to financiers supporting mining companies and projects. Also, DCF Valuations are often used to support asset carrying values in the financial statements of mining companies. This paper presents a Chartered Accountant's (CA's) perspective on the main issues to be considered in preparing, analysing and relying upon DCF methods in mineral valuations and provides some practical examples relating to key issues. The paper makes the important point that DCF methods involve making assumptions about future events and circumstances that inherently contain uncertainty which results in a valuation prepared on a DCF basis providing a range of values that are not perfect or accurate. In order that DCF valuations provide meaningful information the underlying methodology used and assumptions made must be consistent, sound and well supported. Credibility of those involved in preparing mineral valuations is vital and this paper supports the adoption of sound practices by all concerned.

Jan 1, 1994

Exploring for deep shallow dipping orebodies can be very expensive and very difficult. Surface exploration is often not an option and obtaining the best location for underground drilling can cause production delays if drilling is carried out from development headings. The Otter/Juan mine has been in production for approximately 34 years. All of the production is now sourced from more than 1000 metres below the surface from an area known as the Edwards Lode. The orebody is shallow dipping and open at depth. Exploration drilling has been performed from decline stockpiles and from hangingwall drill drives. Drilling from footwall positions (eg decline stockpiles) into shallow dipping orebodies can often produce intersections which are unusually thick thus leading to optimistic resource figures. The decision to develop a dedicated hangingwall drilling position can vastly improve the quality of the data used to generate an orebody model. In 1997 a new extension to the Edwards Lode was discovered and named the æFÆ surface. In 1999 a resource calculation was performed using data obtained from drilling that was carried out from decline stockpiles. In 2002 a dedicated drill drive was developed into the hangingwall of the æFÆ surface to obtain better data to verify the previous resource calculation. For this case study obtaining more representative data reduced the resource estimate by 66 per cent. This information was obtained early enough to allow for alteration to the mine plan and without loss of capital.

Jan 1, 2003

By D Craw

Quaternary warping and uplift of antiformal schist ranges in Central Otago, New Zealand, has resulted in recycling of alluvial gold from widespread, generally weakly auriferous, Miocene fluvial gravels that unconformably overlie the schist, into aprons of fan sediments along the range margins. Basement erosion during uplift has been limited and so gold input from sparse gold-bearing quartz veins in the schist has been relatively minor. In an eluvial cycle on the slopes of the ranges, chemical remobilization of gold occurs during oxidation and erosion of the Miocene sediments. The typically fine-grained (300 - 400 ¦m) gold undergoes chemical modification and grain size enhancement of up to two orders of magnitude, and much of it is redeposited in a large number of relatively small alluvial fans along the range margins. Groundwater mobility within the fans results in minor additional gold mobility and grain size enhancement. During range uplift, a small number of relatively large axial streams and rivers have developed in structural lows between growing antiformal folds. Axial streams 'gather' their flow from consequent streams draining the folds, and flow parallel to a range axis for some distance before cutting across it in an antecedent gorge. The axial streams rework alluvial fan sediments along the range margins, and transport mainly fine-grained gold from the fans along the ranges. This gold is redeposited where the axial streams emerge from a range in the neighbouring structural basin. Axial streams drain relatively large areas of range surface, and thus reconcentrate significant quantities of gold in a small number of relatively large fans and fluvial deposits. The processes of gold collection and re-deposition by axial streams are essentially the same, regardless of stream size. Coarse-grained gold produced by chemical remobilization, is more difficult to transport in fluvial systems, and thus remains in close proximity to eluvial environment where it was formed.

Jan 1, 1995

By S Latchireddi

Close circuiting autogenous and semi-autogenous mills is an energy efficient way of grinding and a number of operations have utilised this in the design of their comminution circuits. Owing to the large flow of slurry through the mill that results from operating this way the grates and pulp lifters have to be designed to cope. However, the literature has little or no information on how grate and pulp lifter size and design are related to their ability to remove slurry from the mill. Over the last few years the JKMRC has been researching this area and has developed relationships between grate/pulp lifter design and flowrate capacity. At the same time it has determined the major causes of pulp lifter inefficiency and a solution to preventing this inefficiency (the Twin Chamber Pulp Lifter). This paper describes the models that have been developed through this program and uses industrial scale data to illustrate their accuracy. Results from the industrial trials of the Twin Chamber Pulp Lifter are also presented.

Jan 1, 2000

By K Karmawan, T Casten

The PT Freeport Indonesiaæs Deep Ore Zone (DOZ) copper deposit is located in the province of Irian-Jaya, Indonesia. Currently, a block cave mine is being developed around this deposit. Production is scheduled to start the fourth-quarter of year 2000 and to ramp up to 25 000 tpd by year 2003. The air quantity requirement for this mine is equal to 780 m3/s. To supply this quantity, the mine will require five centrifugal fans (one 450 and four 750 kW fans). This study summarises the technical aspects related to the installation and commissioning of two of these fans. The fans were installed on the surface in parallel arrangement with two others. Each has a design capacity of 240 m3/s of air at 2.2 kPa of static pressure. The study presents the installation details from the underground shaft excavation and portal development through fan testing and commissioning. It also presents the results of a monitoring system that was installed to determine the fan duties.

Jan 1, 2000

In the consideration of coal resources in this country one of the most neglected aspects and perhaps one of the most important is that of the geologic controls on coal formation. The composition, properties, thickness and distribution of the coal are all determined by geological factors. The extent and amounts of coal to be found in the South Auckland area have great economic significance, and are in the main considered here. Upheaval of the New Zealand geosyncline during the Rangitata Orogeny produced a system of parallel, north-south trending basement ridges and basins in the South Auckland area. A subtropical climate and relative tectonic stability allowed deep weathering of these mesozoic greywackes in the late Cretaceous and early Tertiary. Such weathering, markedly reduced the landscape relief, and provided vast supplied of very fine detritus for later sedimentation as the Waikato Coal Measures. This coal measure phase marked the beginnings of Tertiary  sedimentation in this region and represented a change from a sub-aerial weathering regime to a fresh water swamp environment.

Jan 1, 1976

By V A. Maltsev, V I. Panin

The question of prediction and prevention of dynamic events û rock bursts (RB), tectonic rock burst (TRB) and mining-induced earthquakes (MIE), induced by large-scale mining, are discussed. The mine itself and the host geological environment are taken as a natural-technical system (NTS) whose evolution is characterised by alteration of the adaptation-bifurcation (catastrophes) periods. So, to predict TRB-MIE means to predict the limiting NTS states that are determined from the NTS geological monitoring data, and to prevent the said events means to control the processes of rock deformation and failure within the critical zone. The study considers particular examples of how TRB-MIE-events are predicted and prevented in apatite mines, Kola peninsula, Russia.

Jan 1, 2000

The comparatively low winter rainfall, exposure to heavy salt laden coastal winds, and the consequent high evaporation rate, are important considerations in the rehabilitation of the Maslins Beach Sand Pit. The deficit of rainfall over evaporation is assessed at 1085 mm per annum. Such a coastal environment complicates the establishment of plants. The endemic flora found on the Sand Pit environs is mainly low wind-planed shrubs and mat plants. The dunes near the coast support an association dominated by Atriplex cinerea, Spinifex hirsutus, Scirpus nodosus, and Olearia axillaris. The coastal cliffs carry a more diverse vegetation dominated by Beyeria lechenaultii and Eutaxia microphylla. Overburden is used to develop a new landscape to screen operations, batter final faces, and cover rubbish at the nearby Council dump. The early overburden dumps were built with little regard for stability, but the more recent practice of using scrapers has resulted in more stable dumps. The erosion problems created by poor compaction have been controlled by contour banks, diversion drains, bitumen lined run-off drains, and hay mulching.

Jan 1, 1976

By Boswell GB, Mori W, Stevens MR

The Onemana prospect is located on the eastern Coromandel Peninsula, North Island, New Zealand. Systematic exploration involving surface geological mapping, geophysics, rock and soil geochemistry, reverse-circulation and diamond drilling has identified a number of important features of a fossil hydrothermal system at Onemana. This relatively intact gold mineralised system is hosted within a sequence of rhyolitic volcanics and volcaniclastics, overlain by lake sediments, sinters and hydrothermal eruption breccia. The system lies within a graben/half graben bounded by major NE-trending faults which form the approximate boundaries to hydrothermal alteration.

Jan 1, 1995

The use of black and white and colour infrared film in remote sensing of natural resources, is reviewed. In heavily-forested areas such as New Zealand, the main value of the method is in surveying the vegetation cover to detect the existence of plant communities characteristic of specific geological formations, By contrast, in and areas of Australia where the vegetation cover is sparse and where rocks and soils are well exposed, the method can be used in detecting different rock types or other geological differences.

Jan 1, 1971

By Davey FJ

The Hikurangi Margin of eastern North Island New Zealand represents the feather edge of the over-riding Indo-Australian Plate at its convergent boundary with the subducting Pacific Plate. Towards the south, convergence becomes slower and increasingly oblique, and sediment supply from the Southern Alps becomes increasingly rapid. In this environment a 150 km wide, imbricate thrust, accretionary prism has grown since the Miocene, uplifting slope ridges and basins and a range of coastal hills. Offscraping of thick, axially transported, trench-fill turbidites begins in a zone of proto- thrusts, which extends up to 25 km beyond the principle, slope-toe, deformation front. On the slope, landward tilted, trench-slope basins are separated by ridges. The ridges ride up on thrusts that sole out at a major decollement. The decollement dips landwards at 3 degrees to a depth of 14 km at the coast, where it coincides with an onshore zone of high seismicity. Beneath the decollement, about 1 km of consolidated, oceanic sediment is going under the margin with the underlying oceanic basement. Some of these sediments may underplate the frontal ranges to the west and geochemical evidence of subducted sediment is found in the volcanic zone beyond. A rapid decrease in the width of the accretionary prism to the north is associated with a decrease in sediment supply and perhaps with a dislocation in the downgoing plate. To the south, the accretionary prism narrows, swings westward, and merges into the zone of very oblique collision that marks the transform between mirror image subduction to north and south of New Zealand.

Jan 1, 1987

In the last eight years inclined conveyor haulage systems have established themselves in the mainstream for hard rock underground mine haulage. This leaves the question; what else might be on the horizon for mine haulage and how do we address the process of selecting haulage systems for new mines? This paper considers the identification of viable haulage technologies for underground mines and explores an approach for assessing existing and potential technologies. The example of a large deep mine is considered here. The evaluation of existing haulage systems relies on precedence and the assessment of the system capacity to meet the haulage requirements envisaged for a particular mining project. The assessment of potential technologies for mine haulage relies on the capacity to deliver a viable production-scale system within the timeline envisaged for developing a mining project. The haulage technologies addressed in this paper include: shaft hoisting,conveyor haulage,truck haulage,vertical conveyors, andhydraulic hoisting. This paper does not consider rail haulage out of a mine. This is simply because Australian topography typically has insufficient relief to bring them into consideration. However, rail haulage is a widely used and effective haulage solution in situations where significant topographical relief is present. The assessment of haulage system capability focuses on the following fundamental questions: How reliable are they? What is the degree of technical risk in a business context?What levels of flexibility do they offer?How capital effective are they? What returns are indicated by the balance of capital and operating cost estimates?

Jan 1, 2008

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 R Skirrow, E Bastrakov, A Mauger, P

A new rapid spectroscopic core and chip logging and imaging system developed by CSIRO was evaluated by PIRSA and GA on a wide variety of mineralised properties in South Australia, including the Emmie Bluff, iron oxide copper-gold-style prospect on the Stuart Shelf. During a three-month campaign in South Australia in 2003 the system logged over 50 000 metres of core from the State Core Library, company prospects and mines. The new system uses automated core tray handling, continuous visible and infrared spectroscopy, and digital imaging, to characterise and identify dominant mineral species on core, chips and pulps, at spatial resolutions of ~1 cm (spectral data) and ~0.1 mm (image data). The system can log up to 1000 m of core per day and several thousand metres of drill chips. Mineralogy is pre-interpreted using specialised identification software trained on a selected suite of minerals showing characteristic absorption features within the measured spectral range. On core from the Emmie Bluff iron oxide copper-gold prospect, 470 km NW of Adelaide and 80 km SSE of the Olympic Dam Cu-U-Au deposit, the spectral mapping system was able to characterise a number of alteration zones enveloping the sub-economic Cu-Au mineralisation. These consist of distal white mica phases showing decreasing Al content towards mineralisation, a zone of increased iron oxide content in the hangingwall to mineralisation, and a zone proximal and coincident to Cu-Au mineralisation that is enriched in chlorite with variable Mg/Fe chemistry. Additionally the results show background spectral characteristics that mimic the magnetite distribution.

Jan 1, 2004

The Palaeozoic succession of Victoria contains one of the world's major gold provinces with a total production of 2500 tonnes of gold. Larger deposits, including Bendigo (over 800 tonnes Au), are related to Ordovician slates and greywackes, but a wide range of metamorphosed sedimentary and igneous rock types are host to significant gold deposits. Most, if not all, deposits demonstrate structural control, although the controlling structural features are variable between deposits: a majority of deposits comprise quartz veins. It is suggested here that a major factor in making Victoria such a gold-rich province might be a particularly high geothermal gradient in central Victoria during the Tabberabberan orogeny (360-380 my). This generated auriferous metamorphic fluids from underlying successions (?Cambrian) which migrated upwards along active structural pathways. One cause of gold deposition appears to have been fluid reduction by carbon, but other methods are suspected. This model is considerably simpler than the plethora of syngenetic, granite magmatic and lamprophyre-related models that have been proposed recently, but is in basic agreement with Cox et al. (1983). Exploration models for similar gold deposits both within Victoria and elsewhere should take account of the negligible evidence for a major syngenetic contribution to Victorian gold production, and the lack of any clear genetic relationship to particular igneous rock types. A real opportunity exists for new deposit types not identified by the early prospectors.

Jan 1, 1991

The evolution of mineral sand mine rehab ilitation techniques have been techniqually based. Research and investigations have been carried out by government authorities, mining companies and academic institutions. Protection of the physical and biological environments is a vital part of any mine oper- ation. The Mineral Sands Mining Industry in New South Wales is successfully working within the State's environmental framework and is meeting; community requirements and expectations concerned with the environment and mine rehab- ilitation. Keywords: Environment, mineral sands mining, mine rehabilitation, revegetation.

Jan 1, 1986

By Curless JM, Power SG

Polymetallic hydrothermal veins of the Western Cascades are hosted in propylitically altered Tertiary volcanics of calc-alkaline affinity and (or) in nearby, altered, and compositionally similar plutons. Ores from shallow and now abandoned mines produced mostly gold and were considered to be of epithermal origin. However, recent discovery of breccia and porphyry types of Cu-Mo mineralisation and other data suggest that the deposits of this terrane vary systematically both regionally, south to north, and locally, high to low altitudes. The evidence includes changes in (1) size, composition, and complexity of plutons, (2) types of mineral deposits; (3) assemblages of alteration and ore minerals; (4) trace metal geochemistry of host rocks; and (5) fluid inclusion and sulphur isotope data. They collectively imply a consanguineous origin of vein, breccia, and disseminated-veinlet types of mineralisation by magmatic hydrothermal processes.

Jan 1, 1987

By D Fargher

BHP BillitonÆs Cannington operation began production in 1997 and is presently the largest tonnage and lowest cost single mine producer of both lead and silver in the world. The original design capacity was 1.5 Mtpa and this has progressively increased via a series of debottlenecking projects in both the mining and milling operations. In 2003, 2.39 Mt of ore was mined, whilst 2.31 Mt of ore was milled. In February 2003 Cannington received approval to expand the project to a sustainable capacity of 2.4 Mtpa. This resulted in underground development into the northern zone, upgrades to the concentrator, increased accommodation at site and power station capacity. The Cannington project development team implemented a partnership approach to the project. Fraser Osborn Engineering and Outokumpu Technology worked closely together with the Cannington team to meet all of the project constraints.

Jan 1, 2004

By A M. L Smith, W E. Dubbin, K A. Hudson-Edwards

Jarosites (KFe3(SO4)2(OH)6) are examples of minerals that are highly effective scavengers of toxic elements, and are abundant in acid rock drainage systems, acid sulfate soils, metallurgical wastes and other contaminated sites. The K, Fe and S sites can be filled by toxic elements such as Cd, Cu and Zn, but the mechanisms of this incorporation are not well understood.We have used atomistic simulation methods to model the jarosite (102) surface and its interactions with Cd, Zn and Cu, in order to understand the mechanisms by which these potentially toxic elements are incorporated into the K-jarosite structure. Our results suggest that incorporation via a defect complex consisting of an impurity cation at the K site charge balanced by a K vacancy stabilises the (102) surface in the order Cu>Zn>Cd.

Jan 1, 2008