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This paper provides a financial perspective to the valuation of Australian resource companies and projects. Valuation exercises need, however, to be seen in the broader context of a thorough business appraisal, one that incorporates all disciplines employed in the resources industry. Fine tuning a discount rate or determining a particular capital structure is likely to be less important to valuation than an adequate understanding of industry dynamics and a company's likely performance in future years.

Jan 1, 1989

By Gelding P. W, van Herk H

The Cattlegrid copper orebody is a concealed thin, tabular sheet localised near an unconformity between two sub- horizontal Precambrian sandstone units. It extends over an area of 1,000 m by 500 m within a wider area of mineral- isation. The ore consists of complex sulphides and is neither massive nor disseminated. It consists mainly of irregular fillings in pore space developed between clasts in sandstone breccias, in fault zones and joints and along stratification planes. Its habit is unique amongst Australian base metal ore bodies. During the pre-development period ore was outlined by percussion holes but in studies leading to investment decisions ore reserves were manually calculated from intercepts and assay results of cores from diamond drill holes. The methods used for estimating reserves in the pre-production and production periods are described and evaluated by comparing mine production during the first five ore production years with the forecasts made.

Jan 1, 1979

By Moelle KHR

The successful operation of a longwall face depends significantly on the efficient actions by support systems and on the ability to form a supported beam for a limited time span.The mechanical action of the supports can set up complex stresses in the immediate roofstrata.The cyclic application of supporting loads to the immediate roofstrata of a longwall face creates a special type of fabric disintegration in the rocks -affected. The mode of application and the distribution of the supporting forces is thus severely modified in a number of cases.The occurrence of true fatigue damage in brittle sandstones has been identified by studying the subcritical crack growth and microcrack development in the fracture-tip region. Several mechanical effects peculiar to the cyclic fatigue process have been identified. These effects had not previously been widely recognized. Damage in brittle rocks subjected to cyclic loads is shown to be distinctly different from any other damage processes under either monotonic or sustained (creep) loading conditions. The face support systems will frequently support rockmasses with mechanical properties not identified in conventional monotonic or sustained load tests.

Jan 1, 1991

By M Ruhrberg, J Grassmann, C Bauer

Within the context of acid mine drainage (AMD) associated with mining activities worldwide there has been a tremendous research effort to determine the extent of AMD and assess the influencing factors controlling this process. However, the majority of the current approaches focus on local and regional scale case studies and do not provide a global scale picture of AMD potentials. This study attempts to develop a method aiming at a global environmental impact assessment related to AMD. To confine the complex topic this study concentrates on acidic emissions from heaps in consequence of copper mining processes. In order to pursue this approach two factors are of significant advantage: a comprehensive environmental data base of more then 600 copper sites worldwide and a method which has been developed and proven to be successful in assessing environmental impacts related to land use. Current and future research efforts focus on using this background knowledge to enable both a comparison between sites and a categorisation of sites according to emission estimates.

Jan 1, 2003

By D J. Cronin

Alcoa World Alumina AustraliaÆs Huntly and Willowdale bauxite mines are located in the Darling Range of South Western Australia, which places their operations within PerthÆs surface water supply catchments. These catchments supply Perth with its highest quality drinking water. With the decreasing rainfall trend of recent years catchment yields to water supply reservoirs have reduced to such an extent that water use restrictions were necessary in Perth for 2001, 2002 and 2003. Protection of catchment water quality and water use conservation are crucial issues for AlcoaÆs operations within the Darling Range. Alcoa has been conducting bauxite mining activities in water supply catchments since the mid-1960s. During that time Alcoa has worked closely with the relevant State Government water and environmental agencies to ensure that its operations do not adversely impact catchment water yield and water quality. Monitoring and research have shown that Alcoa has the necessary environmental management systems in place to ensure it can continue to operate in a sustainable manner within water supply catchments. AlcoaÆs mines reduced the volume of water taken from public water supply catchments by 24 per cent in 2002, compared with 2000. This success has had an added benefit; Alcoa does not need to develop a new water source for its Huntly Mine. The conservation measures implemented to reduce water use include: increasing water recycling, using chemical additives for haul road dust suppression, conducting water audits, reducing water demand, monitoring water use, promoting water use targets and training staff in water conservation.

Jan 1, 2003

By A B. Christie

In Northland, Coromandel, Taupo and Canterbury, weathering and hydrothermal alteration of Cenozoic volcanic rocks has resulted in the formation of various types of clay deposits. Subtropical weathering of rhyolite in the Matauri Bay area (Matauri and Mahimahi deposits) in Northland has formed high quality halloysite deposits. The Matauri Bay halloysite is mined and processed to produce reputedly æthe world's whitest clayÆ that commands a high price in niche ceramic markets. In the Coromandel, some argillic alteration zones contain kaolinite clays (at Hahei) and advanced argillic alteration zones contain kaolinite-gibbsite-pyrophyllite assemblages (at Pumpkin Hill and Lookout Rocks). In addition to known halloysite and kaolinite clay deposits, there is also economic potential for smectite clays produced by hydrothermal alteration of volcanic rocks. Bentonite (mainly ferriferous-beidellite) is mined from weathered basaltic ash in Miocene lake beds at Coalgate in Canterbury.   We have compiled interim mineral deposit profiles for bentonite in basaltic ash, halloysite in rhyolite, kaolinite in altered rhyolitic rocks, kaolinite-gibbsite-pyrophyllite clays in advanced argillic alteration zones and for smectite clays in argillic alteration zones. These deposit profiles include geological and mineralogical attributes, which are linked to the underlying volcanic, hydrothermal and weathering processes that have produced the clay minerals from their source volcanic rocks. Further work on refining the deposit profiles includes characterising the composition of selected deposits to determine spatial trends in mineralogy and geochemistry.

Jan 1, 2007

In the introduction to a recent paper dealing with, the relationships of magnetite and hematite in the banded iron formations or "jasper bars" of the Western Australian pre-Cambrian(17)t the author made a brief mention of these interesting rocks, of the principal series in which they occur and of a few of the rock and mineral types to be found within them.He drew attention to the essential shnilarity of these Western Australian banded iron formations to those of the pre-Cambrian of such other countries as the United States Lake Superior region, Sweden, South Russia, India, South Africa and Brazil, and gave a brief summary of his views as to the origin of the formations in Western Australia. Furthermore he stated that the banded iron formations have proved of considerable direct economic importance in the goldfields and other' regions of Western Australia, and he referred to the assistance they have provided the field geologist in geological mapping and the determination of geological structures.It is in elaboration of this last statement that the present paper has been written. In the following pages will be found some examples of the use to which the jasper bars have been put in the determination of the geological structure of critical areas in the goldfields of the State.Firstly, however, it may be as well to recapitulate the features of interest in these rocks. The true jasper bars or banded iron formations including the types jaspilite, banded hematite quartzite and banded magnetite quartzite or chert, together with their higher grade metamorphic derivatives such as banded magnetite-gruneri~ quartzites, magnetitegrunerite schists, fayalite ,and hedenbergite bearing handed magnetitegrunerite quartz rocks and' to 'a lesser extent magnetite-hypersthene grunerite quartz rocks, are abundant in the older series of the Western Australian pre-Cambrian. They are best developed in the older Greenstone or Kalgoorlie series of the goldfields districts, interbedded with metamorphosed basic lavas, tuffs and sediments. The mineralogy andpetrology of these rocks, the history of their metamorphism and their origin have been discusseq elsewhere in some detail by the author(19), (20). In one of the papers(20) it was clearly demonstrated that in the light of the true facts the old silicified shear zone theory of the origin of the jasper bars is quite untenable and that the formations undoubtedly represent sedimentary horizons as was recently pointed out by McKinstry(14).It has also been shown that banded ferruginous cherts, quartzites and cherty carbonate rocks of much lower metamorphic grade are well developed...

Jan 1, 1943

By P Vass, C Butler, J Condon, B Hooper

DeGrussa Copper Mine, resource status 10.2 Mt at 5.7 per cent Cu, 2.1 g/t Au (Sandfire Resources, 2013), commenced concentrate production through its 1.5 Mt/a conventional copper flotation processing plant in September 2012. Geometallurgical assessment during the feasibility study identified potential process-critical ore factors that required further investigation to determine potential impact on processing. Ore characterisation and metallurgical processing performance test work of ore types ensued and subsequently, the first quantitative DeGrussa geometallurgy model was born. Now one year into steady state production, the geometallurgical program has evolved significantly from its infancy and provides valuable insight into ore characterisation and behaviour in the processing plant. This paper details geometallurgical investigations undertaken at DeGrussa to date; from feasibility metallurgical test work through to geometallurgical modelling and management practices, as well as reconciliation between observations at feasibility study level and subsequent observations in production.CITATION:Condon, J, Butler, C, Hooper, B and Vass, P, 2013. DeGrussa Copper Mine, Western Australia - feasibility to first production: a case study in developing a working geometallurgy model from first principles, in Proceedings The Second AusIMM International Geometallurgy Conference (GeoMet) 2013 , pp 59-66 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Sep 29, 2013

By T J. M Harvey

This paper gives an overview of the ASHRAE LibHuAirProp, CoolProp and REFPROP software packages. These packages were predominantly developed for heating, refrigerating and air conditioning engineers and the refrigeration and steam power industries, although CoolProp and REFPROP also cover combustible gases. The main aim of this paper is to highlight the existence capabilities and status of the different packages and where they can be used. The paper gives typical examples of the use of these software packages, specifically as Excel add-ins, and provides a comparison of results of typical mine psychometric and gas drainage calculations using the packages and more traditional ventilation and gas drainage calculation methods. The paper also introduces a hybrid method that improves accuracy compared to traditional methods. In typical mine situations, the use of software packages is probably not required; however, with the increasing accuracy of instruments, potential greenhouse emission costs and the sale of mine gas, more accurate measurements and calculations can potentially save (or make) significant sums of money.CITATION:Harvey, T J M, 2015. The use of psychometric, thermodynamic and transport property software in mine ventilation and gas drainage calculations, in Proceedings The Australian Mine Ventilation Conference, pp 201–210 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Aug 31, 2015

By J D. Illescas, S N. Arnold, D R. Shaw

Ion exchange (IX) as a primary production technique has been applied commercially since the 1950s; its application in the uranium industry continues to be widespread and is utilised to a lesser degree in the gold industry. The majority of ion exchange applications, outside of gold and uranium, have primarily been for secondary metal recovery and impurity removal. Newer developments in the application of ion exchange, as well as changes in regulatory requirements, are bringing about the wider use of ion exchange as a primary production technique not only for high value metals such as uranium, platinum group metals (PGM), refractory metals and rare earths, but also looking at base metals such as nickel and copper. The ability to build lower-cost, safer, less polluting processing plants with smaller footprints is driving a greater interest in IX, with the main competitors remaining solvent extraction and carbon-in-pulp/leach. This paper discusses a number of areas where IX has been applied and its advantages compared with other techniques.CITATION:Shaw, D R, Arnold, S N and Illescas, J D, 2012. Ion exchange in hydrometallurgy - Secondary metal removal or primary production technique?, in Proceedings 11th AusIMM Mill OperatorsÆ Conference, pp 17-22 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Oct 29, 2012

By L Eriksson, D Penn, J Appelgren

Atlas Copco, a leading supplier of equipment and services to the mining and construction industries, is consistently pursuing its strategy to offer the most productive and economical solutions by continuously offering new innovative products. These are, in most cases, developed and tested in close cooperation with demanding end users before being officially launched on the international market. The demands for higher productivity and improved overall economy have resulted in systems for automation of the drilling cycle and also tools for integrating the drilling equipment to the production control system used by the customer. In terms of improving the blasted material quality, the company has placed emphasis on accuracy in the drilling process and documenting what has been drilled. By applying state of the art technology to the common automation platform, developed for the surface drilling market, major steps in improving overall drilling productivity and blasting performance have been achieved. This paper will give some examples derived from the latest development of solutions for the companyÆs surface drilling products.CITATION:Appelgren, J, Eriksson, E and Penn, D, 2012. Rotary drilling automation increasing operator productivity and drilling quality, in Proceedings Eighth Open Pit OperatorsÆ Conference , pp 13-18 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Sep 18, 2012

By A L. de Ambrosis, S J. Clarke

In the non-codified realm of tunnel design there are issues which are sure-fire instigators of controversy. This paper presents a discussion regarding one particular issue which in the authors’ experience often results in comment and debate. This issue only forms part of the rock load assessment process, but it is specifically addressed with the intention of presenting a rational basis for design, which may result in broader acceptance within the tunnel design community.The issue considered relates to the characterisation of in situ rock stresses for the design of tunnel support in the Sydney Basin. A summary is given of the literature on the topic, with emphasis on the main sources of uncertainty and contention. A design approach is proposed, with particular focus given to the numerical modelling of in situ ground stresses and the approach used to ensure that the adopted stress regime is consistent with the assumed ground model. The resulting variability in the initial stress field is discussed and comparisons made to the test database.CITATION:de Ambrosis, A L and Clarke, S J, 2014. Characterisation of in situ stresses for tunnel lining design in the Sydney?Basin, in Proceedings 15th Australasian Tunnelling Conference 2014 , pp 247–252 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Sep 17, 2014

By G Pizarro, O Miranda, D Rosales

In panel/block caving mines, large amounts of information are collected at the operations. This information includes grades and extracted tonnage, fragmentation, lithology, design of stopes and main infrastructure, geotechnical information, overbreak progress, seismicity, numerical modelling and many other mine variables. To improve the reliability of the production plan it is required to integrate the mine data into one platform. In this paper, the logic of a new technological platform is presented for analysis, modelling and design in panel/block caving mines. The platform includes an acquisition system for mine data and geotechnical information, a back-analysis module for calibrating statistical models and a module of visualisation of the results. The application and benefits of the platform is illustrated for mining induced seismic risk for panel/block caving mining operation. The platform can be used in the mine design and planning processes and is useful for reducing uncertainty in the mining business of panel/block caving operations.CITATION:Miranda, O, Rosales, D, Pizarro, G and Vallejos, J, 2016. Development of an integrated platform for the analysis, modelling and design in panel caving mines, in Proceedings Seventh International Conference and Exhibition on Mass Mining (MassMin 2016), pp 237–240 (The Australasian Institute of Mining and Metallurgy: Melbourne).

May 9, 2016

By M J. Noy

The automated measurement of rock fragmentation particle size distribution in the muck during muck excavation has been developing over the last 16 years. The introduction of stereo camera imaging of the muck has provided improved automated particle segmentation for image-based measurement algorithms. Recently, a new vision system processing algorithm has been developed. The inclusion of 2D texture in the analysis has provided a significant improvement in the definition of the finer size fractions, which has resulted in the automated analysis no longer requiring calibration.The previous stereo vision system algorithm required analysis calibration to account for poor ‘small particle’ definition in the 3D surface profile. This was because of the depth perception limitations of the stereo camera system at greater than 8 m. The new algorithm has been implemented on a number of shovel-installed vision systems, and the algorithm’s performance in automated analysis has been assessed against a diligent manual analysis of the same fragmentation images. The new algorithm provides improved distribution resolution and accuracy.CITATION:Noy, M J, 2015. Evaluation of a new vision system algorithm for automated fragmentation measurement from a shovel, in Proceedings 11th International Symposium on Rock Fragmentation by Blasting, pp 721–726 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Aug 24, 2015

By T Baumgartl, B Noller, B Forsyth, J Park, M Edraki, P Pham

Understanding and quantifying residual risk is the key to the successful closure and rehabilitation of mines. An important aspect of residual risk is predicting the long-term chemistry of mine water and the long-term geochemical stability of mining wastes. This requires updating the characterisation data for mine wastes and monitoring mine drainage throughout the life-of-mine. The intrinsic properties of waste materials (ie the geology, mineralogy and the weathering processes, which in turn depend on the local climate and water balance in a waste storage facility) are the fundamental controlling factors of residual risk. In this paper, case studies of coal and metalliferous mines are used to discuss the definition of residual risk for a range of waste storage facilities and to highlight the benefits and limitations of current geochemical methods in predicting and quantifying residual risk. Consistent with the classification of mine drainage by the Global Acid Rock Drainage Guide, three case studies of acid, saline and neutral drainage are presented.CITATION:Edraki, M, Pham, P, Park, J, Baumgartl, T, Noller, B and Forsyth, B, 2016. Defining residual risk for successful mine closure – a geochemical perspective, in Proceedings Life-of-Mine 2016 Conference , pp 9–11 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Jun 28, 2016

By A Weeks, W J. Shaw, A Kuk

Grade control is a process that requires the interaction between many components of the mining operation and successful grade control is only realised through good data, robust systems, and a well-trained, motivated and disciplined workforce.The Mt Magnet Gold Project Pty Ltd (MMGP), a wholly owned subsidiary of Ramelius Resources Limited, started mining at Mt Magnet in February 2012 with high expectations for success. Positive cash flow would fund an aggressive exploration and mine development program in the area to increase mine life. Disappointment followed when after start-up the operation had issues achieving budget grade and realising the predicted grade of the mined ore. In January 2013, things started to improve. During the next six months, gold production steadily increased with successive months achieving record production. What had changed?Improvements started following the realisation that controlling grade was not the sole responsibility of the mining geologist and that everyone on-site has a role to play. This paper examines the factors that delivered success for MMGP.CITATION:Weeks, A, Shaw, W J and Kuk, A, 2014. Who is responsible for grade? – an evaluation of the value chain at Mt Magnet Gold Project, Western Australia, in Proceedings Ninth International Mining Geology Conference 2014 , pp 477–482 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Aug 18, 2014

By T Craske, J Sykes, T C. McCuaig, M Jessell, A Trench

The prevalent strategic approach in the mining industry is one of planning. However, it is widely recognised that planning does not work in complex and uncertain situations (Mintzberg, 1994), such as those associated with ‘above ground’ non-technical orebody complexity (Trench, Packey and Sykes, 2014). Mintzberg, Ahlstrand and Lampel (2009) suggest the focus instead should be on strategic ‘thinking and doing’ and using the many ways to think about strategy to make sense of complex, uncertain, and unique situations. They therefore place great value in cognitive flexibility. Scenarios development utilizes several different thinking styles and thus assists with this type of flexible strategic thinking (Figure 1). The ‘Centre for Exploration Targeting (CET) Scenarios’ were developed with the ‘Oxford Scenario Planning Approach’ (OSPA) (Ramírez and Wilkinson, 2016). The OSPA aims more to improve the thinking skills of decision makers, rather than forecasting per se (Wack, 1985a, 1985b). As such, this paper focuses less on the content of the scenarios and instead on the practical value of scenarios in strategizing. CITATION: Sykes, J, Trench, A, McCuaig, T C, Jessell, M and Craske, T, 2018. Strategic thinking about long-term ‘above ground’ orebody complexity using scenarios, in Proceedings Complex Orebodies Conference 2018, pp 60–64 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Nov 21, 2018

By J Stiefenhofer

"*This is an abstract only*Construction of geological models for kimberlites has historically largely been based on visual volcanic textures and features, with chemical data only collected on an ad-hoc basis depending on the level of perceived complexity observed in the geological data. The focus of this paper is a high-level view of the impact an initial absence (or lack) of relevant chemical data had on two kimberlite resource models as well as how the magnitude of the problem increased once the resource estimation process commenced (Stiefenhofer, 2013). The impact of ignoring chemical data on a project assessment where micro-diamond estimation techniques are employed, is also discussed. Resource estimates based on micro-diamond data are critically dependent on the use of the correct geological model since stationarity of the size frequency distribution is key to the generation of correct grade estimates. A multilevel approach is advocated where the volcanological/visual model is verified using chemical data and both are in turn verified by the diamond data.CITATION:Stiefenhofer, J, 2013. The use of chemical and metallurgical parameters to enhance the economic value of kimberlite resource models, in Proceedings The Second AusIMM International Geometallurgy Conference (GeoMet) 2013, pp 101-104 (The Australasian Institute of Mining and Metallurgy: Melbourne)."

Sep 29, 2013

By R J. Higgins, M Edraki

What is the meaning of the Life of a Mine (LOM) if that mine results in a requirement for water treatment in perpetuity? ‘In perpetuity’ is of course a duration with no relationship to a Life-of-Mine or what might rightly be regarded by external stakeholders as a fair and reasonable post-mine recovery period. It exceeds the life span of investors, mine managers and governments, indeed even of capital markets as we know them, and of corporate and individual memories.In mine and mine closure planning, decisions are usually based at least to a significant extent on traditional economic analysis underlain by discounted cash flows (DCF). For investments in income-producing facilities, such as mining development and equipment, and ore-processing plant and equipment, this analysis reflects commercial reality and allows for comparison of competing investments. However, for environmental and social infrastructure, the same analysis using the same input parameters, especially the discount rate applied to cash flows, can lead to a bias against the adoption of best practices for non-investor stakeholders. CITATION:Higgins, R J and Edraki, M, 2018. Water treatment in perpetuity – or not?, in Proceedings Life-of-Mine 2018, pp 131–132 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Jul 25, 2018

Powered support plays a major role in longwall mining and improper selection may lead to a disaster. While different countries follow different norms, a universal approach is needed to be developed. For this purpose, a computer program C-ALPS

Jan 1, 1998