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Financial markets are subject to constant change and project finance, as a product within these markets, adapts and will continue to adapt with those changes. A meaningful discussion of these adaptations requires an understanding of differences between non-, limited and full recourse project finance. The reasons sponsors seek and lenders provide project finance are also pertinent in this context. Arranging a project, financing package can be a canplex and time consuming task. An important first step is choosing the right advisor for the assignment and then structuring and tailoring the financing before approaching prospective lenders. The last thirty years has seen changes in the needs of sponsors and the ability of lenders to meet them. These shifts in preference may well be a guide to the future. Several major project financings successfully canpleted in Australia in the last few years and more recent examples are broadly discussed. Project finance will be keenly sought in the future and the form and nature it takes will continue to vary.

Jan 1, 1983

What is `environmental risk'? There are two possible perspectives: (a) The risk that mining activity will have an impact on the environment. (b) The risk that due to a perceived impact on the environment, the mining activity is at risk due to some legal consequence. This paper is concerned with the second of these perspectives, and particularly with the way in which mining companies can manage that risk. Environmental risk - possible legal consequences The risk is that the mining operation will be disrupted. Disruption may be: (a) Physical. The mining activity can be stopped, altered, or modified, or something additional can be required to be done. (b) Financial. Penalties (up to $1M) on corporations and in some states on both directors and managers. Land may also be included on a contaminated land register (significant impact on asset valuation).

Jan 1, 1994

The Australian Mineral Industry's growth in the last two decades is directly related to the skill and experience of its consultants in mining, metallurgy, geology, finance, management, marketing, and engineering. The role of mining consultants needs to be re-examined, so that the quality of the service they deliver will continue to be adequate for the 1990's. One means of this evaluation is by examining Case Studies in the strategies and difficulties of developing contract and entrepreneurial research.

Jan 1, 1986

As the oxide reserves in an oxide/sulphide deposit are exhausted transition to the treatment of sulphides should be investigated in detail and well before processing the sulphide ore commences. The investigation should be broad based to consider all treatment options and not restricted entirely by the existing process plant treatment method. These options may include cyanidation, flotation, roasting, bacterial leaching or gravity treatment and are chosen on the basis of various testwork responses. Experiences in laboratory testing of sulphides and treatment of sulphides at various operations are discussed. This includes the treatment of copper/gold sulphides, CIP treatment of sulphides and treatment of marcasite ore in a conventional CIP circuit.

Jan 1, 1989

By P Trotta

The majority of water to the Olympic Dam mine and the nearby townships of Roxby Downs and Andamooka is supplied from the Great Artesian Basin (GAB). There are no permanent local water sources available to Olympic Dam. The use of water from the Great Artesian Basin by Olympic Dam receives considerable attention by BHP Billiton and is extensively regulated by the Government of South Australia. Olympic Dam has robust business management systems in place to ensure the sustainable use of water from the GAB including ISO9001 and ISO14001 systems to deliver the targeted outcomes and obligations of the Olympic Dam Environmental Management and Monitoring Program. The management systems ensure that Olympic Dam retains accountability for its water demand from the GAB over the life of the mine. This accountability has delivered continuous improvement in water use efficiency driven by operating discipline, implementation of water saving projects, using water on a fit for purpose basis including substitution from non-GAB sources, and risk management to prevent and mitigate water supply disruptions to Olympic Dam and Roxby Downs. Since the establishment of Olympic Dam, BHP Billiton has funded a reduction in GAB water flow from bores, previously going to waste, that is greater than the annual average flow used by Olympic Dam.

Jan 1, 2009

Obtaining correct assays for gold determinations relies on the correct methods being chosen and the assayer being made aware of the mineralogy of the sample and its general origin. Usually when a geologist or metallurgist obtains "incorrect" gold assays the problem can be traced to poor communication between the geologist or metallurgist and the assayer.

Jan 1, 1986

The efficient design of carbon-in-pulp (C.I.P.) plants involves the integration of both process engineering and design engineering.Many recently constructed plants have not recognised the above interrelationship, and as such have incurred higher capital and operating costs than were in reality necessary. This has been compounded in some cases by slavishly following the design of plants where process conditions are different for the ore characteristics in question, thus perpetuating design errors that finally become industry "accepted practice".In the paper that is to be presented the unit operations of crushing, grinding, classification, leaching, adsorption, desorption and electrowinning in C.I.P. plants will be discussed with reference to the integration of process and design engineering.

Jan 1, 1986

By Niemann G

The paper addresses certain mining provisions of the Aboriginal Land Rights (Northern Territory) Act 1976 and the development of Mining agreements negotiated pursuant to Section 43 of the Act. Difficulties for miners and Land Councils alike arising out of the operation of the Land Rights Act will be discussed. Possible scenarios for the resolution of these difficulties will be proposed.

Jan 1, 1984

The first continuous pressure disk filter took up industrial-scale operation in Germany in 1976. This paper comments on major components of pressure filter facilities from the point of view of industrial-plant suppliers. For lack of time aspects of economy have not been commented upon. The paper elucidates a number of process-engineering inter-relations. It outlines important development trends from the angle of a machine-building company.

Jan 1, 1989

The success of any industry depends on the planned integration of the policies and resources of the key components of the Australian economic and political structure - government, industry management, education, research, and the human resources of the industry. The Australian Mineral Industry, like Australia itself, has grown and developed at a rate not foreseen by many of our founding fathers and early industry leaders. Hence, now, as we approach the 21st Century, we need to re-think our approach to the significant new problems that are beginning to face both government and the Mineral Industry. Government initiatives, government information and support services, industry re-structuring, and research and development support, need to be carefully re-evaluated, re-diredted,. and strengthened, so that government, the community, and the Mineral Industry produce and receive the optimum education and research strategies and services. The support of academics and researchers, the development of facilities, and the design of new Courses for the future successful and beneficial exploitation of minerals need particular consideration.

Jan 1, 1986

About 3km2 of the central Luise Caldera, in which the Lihir orebody is located, is geothermally active wit.lj gas seeps and fumaroles, and in some areas, a water table at boiling point.The proposed mine, adjacent to Luise Harbor, will be excavated to more than 200m below sea level and will extend into the geothermal system to depths at which current rock temperatures are 170¦C.

Jan 1, 1994

By Foudoulis C, Smith CB, Drew RM, Sun S-S, Sheraton JW, Hall AE

Primay (syngenetic and protogenetic) inclusions - i.e. minerals formed during or before diamond growth and encapsulated in the diamond - provide important information on the origin of diamond. Recent Rb-Sr and Sm-Nd dating of such inclusions has yielded crystallization ages older than their volcanic host, implying that diamonds are mantle xenocrysts. In this paper we report results of studies on the nature of syngenetic inclusions and the carbon isotopic compositons of the host diamond from the West Australian diamond deposits at Argyle and Elllendale. The Argyle diamonds are dominantly, of eclogitic paragensis and are characterized by strongly C depleted compositions. We have recognized an association of stone morphology, inclusion type and carbon isotopic composition amongst the Argyle stones, and on the

Jan 1, 1989

By Murdaugh W

The application of photogeological techniques and analysis of more advanced remote sensor images can be a cost and time effective tool in the search for desert placer gold deposits. Examples are given of regional analysis using standard false color composit Landsat images and conventional black and white aerial photography. The examples include identification of sites to sample to evaluate the pathways of .alluvial gold migration and identification of potential sites of concentration. The results of these studies developed an increased number of target areas and exploration in proceeding with promising results. In addition to the development of additional target concepts and identification of specific target areas data useful to evaluation of mineability can also be obtained from photogeological investigation. Some indication at least can be obtained of the existence of duricrusts and salines that may hamper mining. Identification of possible sources of water is another important task in the desert environment. In addition indications of the clay content of the material to be worked is very important because of its economic impact on operational costs and overall recovery. The application of photogeology to these questions is discussed.

Jan 1, 1988

By M, C A. RosiFre, R C. Figueiredo e Silva

Jaspilites and underlying basalt contacts of the Archaean volcano- sedimentary Grpo Parß Group, Carajßs, host giant iron mineralisation in the ~100-km long, E-W trending Carajßs fold. Preliminary, unpublished geochronological data point to a Palaeoproterozoic mineralisation event. Geochemically, jaspilites are typical volcanogenic banded iron formations. Basalts exhibit evidence of spilitic seawater interaction. Iron-associated hydrothermal alteration of mafic rocks was induced by fluid infiltration in amygdales, with development of chlorite- and hematite-dominated zones. In the case of jaspilites, iron mineralisation encompasses: partial replacement of jaspilitic microcrystalline hematite by blasts of martitic magnetite; jasper recrystallisation, producing fine-grained, hematite-free granoblastic quartz; martite recrystallisation, forming lobate¦subhedral hematite; pervasive porosity development by quartz-chert leaching; incipient cavity filling by microlamellar hematite; and advanced filling by coarser, euhedral and comb-textured, tabular- shaped hematite.Peak hydrothermal ore textures indicate typical epithermal-crust conditions, supported by preliminary fluid-inclusion calculations at 160 - 200¦C. Such temperatures and extreme fluid-to-rock ratios during alteration must have exceeded the ambient metamorphic conditions, with the infiltrating fluid relatively hot and capable of leaching SiO2. Therefore, mineralisation developed over exhumed, Archaean, brittly deformed rocks, with mineral associations representative of very low- to low-grade metamorphism. Considering that chlorite (¦talc) abounds in mafic rocks; hydrothermal albite is developed; dolomite fills veins and vugs; the typical rare-earth-element (REE) pattern of jaspilites is significantly modified in higher-grade hard hematite ores (higher LREE); pyrite, copper sulfide minerals and rare gold occur in association with carbonate-quartz-rich alteration zones, it is suggested that an alkaline, H2O-Fe-CO2 mineralising fluid dominated, also containing species like S¦Cu¦Au. Peak-mineralising conditions are likely to have resulted from a single, evolving fluid, via incipient- through advanced-stage alteration phases. The porous, high-grade soft hematite-type ore (SH), rich in microlamellar and anhedral hematite, must have derived from interaction with this relatively hot SiO2-leaching fluid, whereas the high-grade massive hard hematite-type ore (MH) developed due to closer fluid-rock temperature equilibrium conditions, attained by mineral reactions, with relative increase in the Fe/Σcations ratios allowing the precipitation of subhedral-tabular hematite that partially cements the soft-hematite ore. SH and MH hematite ore types must thus reflect intermediate and high fluid:rock ratios, respectively. Since the N5 deposit is to date understood to contain the largest amount of the MH ore, its units are interpreted as the loci of the highest fluid:rock ratios in the district. Preliminary mineralogical information regarding the S11 deposit of the Serra Sul (south range) implies higher-temperature conditions. The near-equant grain size and the granoblastic intergrain relationship, coupled with the presence of riebeckite, augitic pyroxene and garnet, suggest hornfels textures. The data collected, though still relatively sparse, permit the speculation that the immense driving force for the Carajßs world-class iron deposits was a relatively shallow, igneous-related hydrothermal system. If such a model is correct, then the Carajßs Palaeoproterozoic iron deposits could represent an end-member of the iron oxide-copper-gold hydrothermal system in the province.

Jan 1, 2005

By O&apos, Malley G. B

The properties of bearing metals are of considerable interest to mine engineers, since continuous running of mine and mill machinery is of vital importance. Of the several available types of bearing metal, the low melting point lead or tin base alloys are most generally used in mining plant because of the ease of replacement and the possibility of remelting scrap metal from old bearings. The most valuable property of these "white metals," however, is the plasticity which gives a self-aligning character to the bearings, enablingthem to adjust themselves to inequalities which may exist at the time of fitting, or which may develop during running. The object of the present paper is to explain in general terms the physical structures of white bearing metals, and to point out that constitution rather than composition determines the physical properties of these alloys. The same, indeed, is true of most engineering alloys. In steels, for example, a change in the structure may affect the properties to a far greater extent than a change of chemical composition.Structural changes in steels are produced chiefly by heat treatment. In the case of bearing metals no good purpose is served by heat treatment; the microstructure is determined by the conditions of casting, and striking differences in constitution (and therefore in properties) are encountered in an...

Jan 1, 1932

Universities have had a long history in the education of geology graduates, Analysis of this history reveals a record of success, as judged on a world basis. However there have been significant changes in the last 20 years that have impacted on the ability of universities to continue to provide their traditional style of geology education. These changes have increased in the last 10 years. In the teaching side, there has been a change in expectations. Additionally the increasing workload decreases the value of each academic to perform the tasks needed by the new education. In the area of research, the funds provided have continued to decline, in both real and absolute terms, and it is now necessary for universities to seek out funds to pay for their postgraduate research. Additionally, the universities have slipped into the error of what cahn only be termed "academic incest", and research student mobility has decreased to an undesirable level, stifling initiative and new ideas in a number of cases, The only solution is for Government monies to be "directed" - ie that the postgraduate student must leave his or her original university in order to receifve the research stipend/scholarship. On the government front, the government and its agencies have not adequately analysed and recognised the need for the redirection of education and research funds into the needy areas of science and technology, especially those that related to the minerals area.

Jan 1, 1986

The treatment of nickel ores and concentrates and the subsequent processing to recover separate products of nickel and cobalt is one of the major interests at present in the mining industry. The increasing demand for nickel, and more recently also cobalt, has led to increased exploration for ore sources. Major discoveries have resulted in Canada and Australia. These deposits, as well as others already known, are presently being developed and the process technology tested and evaluated for applicability to the different mineralogical types - mainly sulphide, arsenide and oxide laterites. Concentrates may be treated by either hydro- or pyrometallurgical processes, while the nickel laterites are best suited to hydrometallurgical processing. However, if hydrometallurgy is used, once the ore or concentrate is leached the resultant solutions are then amenable to similar separation technologies for purification and recovery of high purity nickel and cobalt products. Solvent extraction, together with other separation processes such as precipitation, can produce high purity solutions of nickel and cobalt. The final products of these solutions may be nickel and cobalt cathodes, metal powders precipitates or salts, depending on the final process of electrowinning, hydrogen reduction, precipitation, or crystallisation Respectively.

Jan 1, 1996

The word "optimization", refers to the search of an economic optimum, or, more precisely, to the choice of technical parameters which will define the more profitable mining project, knowing the values of the economic parameters. In fact, there is no direct way to perform this optimization, because the extremely large number of technical factors involved, from the type of working and its selectivity to the characteristics of the mill and its flexibility, makes it impossible to make a comprehensive survey of all possible projects. Beside, it would be meaningless to engage in such a task as the deposits themselves are not really known, but only estimated, with sometimes a high level of imprecision. Not to mention the numerical instability which would affect such a computation! In addition, the "best" project is not necessarily the one which strictly maximizes a given profit formula. There also exist human factors which have to be complied with, when choosing the cutoff grades for instance. Finally, there are other non-numerical factors which interfere with the choice between several projects: the shape of the bottom of a pit of the layout of the access road for instance.

Jan 1, 1986

Digitally enhanced Landsat MSS images are being used'in delineating the structural and tectonic features in the Arabian Shield as part of a project funded by King Abdulaziz City for Science and Technology (KACST) of Saudi Arabia. The delineated features together with statistical modeling and structural analysis are to assist in an improved understanding of the evolution and mineralization of the Arabian Shield. Specific emphasis is to be given to relating the extracted linear features to the location of known mineral occurrences and areas of potential geologic hazards. A number of textural (spatial) and spectral enhancement techniques have been applied, to the MSS data covering selected areas, in selecting the most optimal enhancement product for visually delineating the structural geologic .features.

Jan 1, 1988

By L H. Chapman, I J. Kelso, N H. S Oliver

Utilisation of modern 3D visualisation tools, can improve our ability to correlate between different datasets, and thus to produce more accurate geological models. Here, we present an application of such techniques to the Century Zinc Deposit, northwestern Queensland, Australia. This stratiform orebody is the second largest Zn resource in the world (167.5 Mt at 8.2 per cent Zn, 1.2 per cent Pb, and 33 g/t Ag). It is hosted in the Page Creek Syncline affecting Mesoproterozoic shales and siltstones of the Wide Supersequence of the Isa Superbasin. As in other deposits, (eg McArthur River, Lady Loretta, George Fisher and Dugald River), the mineralised sequence is bound by an important regional structure, the Termite Range Fault, which partly intersects the deposit along its Eastern side. This fault is thought have been active during sedimentation and probably also during mineralisation of the lowest part of the Wide Supersequence. The anastomosing geometry of this fault system and crosscutting relationships with other NE trending structures indicate that it was reactivated several times from Mesoproterozoic to at least late Devonian times (>1000 million years in total); as a result, the ore sequence is subdivided into several fault blocks.Using two different computer modeling packages (GOCAD and 3ds max), we have reconstructed and restored the stratigraphic horizon with the highest Zn content, realised a series of isopach maps for each mine scale stratigraphic unit, plotted the three-dimensional distribution of Zn, Pb, Ag, Fe and SiO2, and have begun to evaluate the degree of correlation between thickness changes and sulphide zoning. With this approach it is possible to better understand the timing of mineralisation from a genetic perspective, because the origins of the orebody are controversial. Three-dimensional reconstruction is a vital tool for identification of syn-sedimentary and post-sedimentary fault activity. In conjunction with sulphide precipitation, these are factors that greatly influence the stratigraphic thickness distribution. Post-sedimentary deformation can be recognised directly by core logging and pit mapping, but the effect of tectonic movements during sedimentation (growth faults in particular), that represents a substantial variable when we attempt to reconstruct basin evolution, is difficult to evaluate without this methodology. The 3D models improve our understanding of the local basin architecture, identifying similar grade characteristics at different structural levels and thus suggesting that much faulting and folding are post-mineralisation events. In addition, we identified several growth faults adjacent to thickened layers, representing two possible sedimentary depocentres. These thicker domains apparently relate to the highest Pb content. If further analysis of rocks, thickness and grade distributions support this preliminary correlation, then a syn-sedimentary model for mineralisation might be applied, and would contrast with the sub-surface model for mineralisation of Broadbent et al (1998).

Jan 1, 2003