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This paper explains why the valuation of mining assets is often a very different exercise from the valuation of the shares in the mining company which owns those assets. The fundamental reason for this is that mining assets, and the shares of the company which owns those assets have different risks. In order to properly value mining securities it is essential to: ò ensure all the different risks and other factors which impact on the value of the mining assets and the value of the shares are taken into account; and determine the extent to which the different risks and other factors are addressed in the value of the mining assets and the value of the shares so as to avoid double counting or not counting at all. If the alternative, but far from consensus, view is accepted that the correct valuation methodology to apply to shares in mining companies should be based on option pricing theory then conventional valuation practice of both mining assets and shares in mining companies will need to be fundamentally reassessed.

Jan 1, 1994

By Rautio V

The mining sector has been automated and robotised very rapidly during the last few decades. The organisation of work, schedules and housing has been modernised from the traditional modes of industrial society toward the more flexible modes of

Jan 1, 1998

By Ingham PD

Selection of equipment for a mining operation, such as Mount Isa Mines, requires certain parameters to be correctly defined. Management control is essential for monitoring, improving and future purchase of equipment. Some research is being done independent of supply manufacturers. Observations about future outlook are made.

Jan 1, 1982

By K Schiefelbein, P OÆGrady, R Balusu, T Ren, T Harvey

"An extensive research program has been undertaken over recent years to reduce the risk of fires and explosions in underground coal mines. The research projects have integrated extensive field studies and computational fluid dynamics (CFD) models of goaf gas flow behaviour to develop optimum proactive strategies to prevent and control spontaneous combustion and fires ingoaf areas. The research has developed a fundamental understanding of the air and gas flowbehaviour in goaf areas and provided a detailed understanding of the eff ects of various geological,ventilation, operational and inertisation design parameters on goaf gas distribution. The researchinvestigations have also provided a better understanding of the flow behaviour of gases from the heating in the goaf areas and the effect of various gas and spontaneous combustion controltechnologies and strategies. Field studies conducted at a number of underground coal mines have shown that the proactive strategies were successful in reducing oxygen ingress into the goaf areas and in reducing the risk of fires and explosions in the underground coal mines. The results of various research investigations and guidelines for reducing the risk of fires and explosions in underground coal mines are presented in this paper."

Jun 1, 2012

The crushing and concentration of ores, as Herbert Hoover commented in a footnote in De Re Metallica, stretches back at least 6000 years. During those years there have been continuing changes and improvements in mineral processing technology. It has expanded greatly in its ability to handle different types of minerals, and lower grade and more complex ores. Australia will be dependent on the mineral industry for the fore- seeable future and there will be continuing demands on the mill opera- tors to improve the technology with regard to efficiency, flexibility and costs. These demands will be met successfully in the future as they have been in the past. This Mill Operators' Conference is an important forum for assessing our present position and planning for the future.

Jan 1, 1988

By Woodlands W. K

A 3D graphics modelling system has been applied to longhole stope ring design at Z.C. Mines, Broken Hill, NSW. This has been in operation for a four month period (January, 1988). The purpose of this application was to provide computer assistance to mine planning engineers and blasthole design draftsmen for the longhole design process, particularly by: 1. reducing the- volume of tracing, drafting and geometric manipulation which is a significant feature of the manual design process, 2. providing additional design drawings to enhance the conception and implementation of stoping design.

Jan 1, 1988

By A Lim

"As Abel Mine continues to expand and increase production, the requirements of the ventilationsystem have also increased. This paper will outline the stages undertaken to increase the AbelMine ventilation system from an operating position of 110 m3/s and 500 Pa to the current operating position of 220 m3/s and 1.6 kPa and outline steps to be taken to ensure all future requirements will be able to be ventilated."

Jun 1, 2012

By Sheridan GD

Fifteen samples 'of clays and shales from the Adelaide area were selected from a total of 84 as representing material of possible value for the manufacture of light-weight aggregate. A detailed examination of the bloating. characteristics of these revealed four likely to be suitable. for expansion.' in a rotary kiln. One of these, a Tapley. Hill shale., was-fired in an 8 in. diameter rotary kiln, but con-tinuous bloating without ring formation in the kiln was not achieved. Steam,,-oxygen,, sulphur dioxide and carbon dioxide have been, suggested. as the agents of bloating. An examina-tion of .. the evidence : `leads to the conclusion that carbon dioxide derived from. carbonate minerals is likely to be the principal bloating agent. Attempts to bloat clays by the addition of mica were.not successful.

Jan 1, 1963

In the last few years a number of mineral laboratories were established in Indonesia coinciding with the increase in gold exploration in the region. Prior to this, much of the analytical work was sent outside the country,however this is no longer neccessary.

Jan 1, 1990

Reverse circulation (R.C.) drilling or the dual tube method as it is quite commonly known, has a unique place in conventional mineral drilling. It can be classified half-way between open hole drilling at the lower end of the scale and diamond drilling at the upper end. The system basically consists of two tubes, one inside the other, with compressed air flowing between the inner and outer tubes. Sample cuttings return up the inner tube through the head of the rig and via a hose to a cyclone where the sample is collected. This system means that the cuttings are free of contamination as they are at no time in contact with the outside formation of the hole.Reverse circulation drilling is divided into two areas: R.C. Roller and Blade for softer formations; and R.C. Percussion for harder formations.

Jan 1, 1986

By L Crew, S Jackson

A trial of an Adept Online Ore Sizer (OOS) was undertaken at the WMC Leinster Nickel Operation (LNO) in the first half of 2000. During this time the On Line Ore Sizer has been shown to be a robust and accurate instrument for measuring mill feed ore size. Data collected during the trial indicates significant variation in the F80 of the SAG mill feed. The effects of feed size on milling parameters such as mill weight, mill power draw and mill efficiency appears to be dependent on the ore blend treated. With some ore blends a weak positive correlation was found between ore size and mill weight and milling efficiency but with others no correlation is evident. It is believed that the OOS will become a vital piece of equipment in the future as LNO continues to optimises its milling circuit.

Jan 1, 2000

Technological advances evolve in different ways; many are the result of years of application of scientific method. i.e. Observation Deduction Hypothesis Proof In the mining industry, better explosives, drill bits or reagents are likely to evolve in this way. The scientific method is suited to the application of conventional management structures. Other advances are simply the result of a "brainstorm", or building a better mousetrap. Such inspiration probably resulted in "Split Set" rock bolts, or the first use of a vacuum cleaner principle for shaft mucking. Individual consultants can apply lateral thinking to generate such inspiration. In gathering material for the presentation of this paper, I sent a.letter to all members of the Mineral Industry Consultants Association asking them to nominate problems in the industry requiring investigation. The answers have been divided into two classifications - contract research underway and identified problems requiring solutions.

Jan 1, 1986

Conditional simulation is a branch of geo- statistics which allows the simulation of a mineral deposit so that predictions can be made about the variability of some particular parameter of the deposit. A summary of the general principles, advantages and limitations of conditional simulation is presented together with an example based on coal seam thickness.

Jan 1, 1981

By Dunne R, Defilippi J

Dump leaching began at Teller in late-1988 at a rate of 4 MTPA and has been progressively expanded to the present rate of 10 MTPA. Teller's on-going commitment to dump leaching is driven by the amenability of gold ores to the process and the availability of large tonnages of low grade gold ore. The sequence of evaluating ores for dump leaching involves rolling bottle tests on coarsely ground ore, followed by small and large column leaching and finally trial heaps. Trial heap tests are very expensive and an alternative approach to this is large diameter column leaching.A four-column permanent facility was built at Teller to specifically evaluate the leaching characteristics of new dump leach ores. Details of construction, operation and dismantling are discussed in the paper. Capital cost for the four column facility was some $45 940, while operating costs are about $24 800 per column.

Jan 1, 1992

Agglomeration Drum Selection and Design A model has been developed by for drum agglomeration which allows selection of geometry and power input. Specific aspects considered are: calculation of total operating volume, solids residence time based on drum geometry and operating parameters, selection of the drum aspect ratio, selection of proportion of critical speed, calculation of rotating power requirements. The model uses solids total residence time to calculate the required operating volume. The burden density is calculated from the solids bulk density, agglomerate packing and the fluid density. Power is calculated using a modified Liddell and Moys correlation for burden position and shape, and the operating drum speed. A further power allowance is made to allow for accretion drop off during drum rotation. Results from the model (especially power and per cent operating fill) have been verified from industrial installations of significant size. Predicted and observed power draws are within five per cent when burden slip and bypassing are not significant. When these are significant (at fills above 15 per cent) the actual power draw will be less than the model prediction. Under these circumstances the quality of the agglomerates will be poor.

Sep 13, 2010

By K Steamy, D Lesmana, K Yulia

Effective selective mining relies heavily on high quality geological data and assay data. Such assay data is dependent on effective sampling protocols, sample preparation techniques, assaying practices and well founded quality assurance/quality control (QA/QC) procedures. This paper describes recent developments in grade control sampling at PT Nusa Halmahera Minerals high-grade Kencana gold mine at Gosowong Indonesia and presents a case study in identifying, minimising and monitoring random and systematic sampling error including the use of duplicate sampling and the Thompson Howarth technique for quantifying random sampling error.

Jan 1, 2009

The relationship between the permeability of coal to a mixture of methane and carbon dioxide, and the permeability to methane and carbon dioxide separately is described in this paper, along with the analysis of the differences in permeabilities of coal to methane and carbon dioxide.

Jan 1, 1989

By J Khosa, J Manuel

Iron ore sintering is very complex with many interdependent variables. For the same ores, the sinter quality and sintering performance may vary significantly with the scale at which the sintering tests are conducted. Therefore it is important to understand the effect of test scale on sintering performance and sinter quality while interpreting the test results. In this paper, different scales of iron ore sintering research at CSIRO are described and compared. This is followed by the results of two sinter blends tested at different scales. The results are compared and correlated to demonstrate the benefits of iron ore sintering research at the laboratory (4 g), small (5 - 8 kg) and pilot (55 - 140 kg) scales.

Jan 1, 2007

By J J. Cilliers, K Hadler, A W. Stra

This paper examines the use of the FrothSim flotation simulator to improve the performance of an industrial column flotation cell. The performance of an industrial retreat column cell is simulated, and, from the discrepancies between the simulated and experimental results, a problem with the wash water distribution is postulated. The scientific reason for the reduced performance with uneven wash water addition is described in detail. Further simulations indicated the potential for improvement with an even wash water distribution, resulting in both improved performance and reduced wash water usage. The simulated uneven wash water distribution was confirmed industrially, and the headers were redesigned and installed. A sampling campaign to compare the performance before and after the modifications showed that the flotation performance was improved dramatically, with a statistically significant decrease in gangue recovery, without a commensurate reduction in valuable mineral recovery.

Jan 1, 2005

For the purpose of this paper the Otago Region is that covered by the Otago Regional Council. This area, like other South Island Regions, has a river system starting in the Mountains and are all gravel bed rivers. The gravel from these rivers has been the major source of aggregate in the region since the development of the province began. The majority of the aggregate is a mix of greywacke, schist and quartz, which will be referred to later with its production problems. The region has been broken down into various areas.

Jan 1, 1992