Search Documents

By Ya Vladimirov D, Yu Khudin M, Kiebanov A. F

Problems of the creation of an automated cartographic system for environmental condition estimation and forecasting in mining region are discussed in this paper. The Geographic Information System (GIS) ARC/INFO is offered as the platform for such a system. A breadboard model of the system was tested on the example of Kemerovo province (Kuznetsk coal basin), the most ecologically impacted mining region of Russia. As a result parameters of territorial distribution of integrated adverse environmental impact of the industrial enterprises are reviewed. Administrative regions of Kemerovo province were rated according to a degree of environmental pollution. Further, specific weight of various industries in pollution of region is determined.

Jan 1, 1995

By Hagan T. N, Tucker A. J

The Cumnock Open Cut Mine (COCM) is located in the Hunter coalfield in New South Wales. Five coal seams are being mined, mostly by drilling and blasting, loaders and excavators, and trucks. The annual production of coal is 1.3 million tonnes. Overburden and interburdens consist mostly of siltstones and medium to thickly bedded sandstones. The strata dip to the south-east at approximately four degrees. There are no major faults in the rock mass.

Jan 1, 1995

By R McConnochie, J V. Rowland, J L. Mauk

The Sovereign prospect in the lower Waitekauri Valley of the southern Hauraki Goldfield occurs in daciterhyolite flows and volcanic breccias of the Waipupu Formation. The lower Waitekauri Valley contains a series of NE to NNE-trending normal faults, and the Sovereign prospect lies in a NW-striking graben. The structure of the Sovereign prospect is complex. NE to NNE-trending veins and normal faults dominate the area, however WWNW and N to S-trending structures occur locally. Kinematic analysis of these structures indicates predominantly dip-slip movement, with a local strike-slip component. At least two sets of veins occur in the area: 1.        steeply dipping veins; and 2.       low angle veins, which cross-cut and locally offset the steeper dipping        vein set. Mineralization appears to have formed during normal faulting in an extensional regime.

Jan 1, 2007

By G R. Hancock, J B. C Lowry, T J. Coulthard

A reconstructed landscape may exert long-term influences on its surrounds and behave in ways that may not be predictable given uncertainties regarding climate, soil and vegetation interactions (Evans, 2000). In recent years, computer-based landscape evolution models (LEM) have been used to assess potential and existing mining landscapes and their long-term geomorphic behaviour (Hancock et al, 2007; Hancock, Lowry and Coulthard, 2015; Tucker and Hancock, 2010).In this paper, we focus on the evolution of post-mining landforms, which are designed to include burial or encapsulation of mine-impacted areas and materials, including tailings, drains, spoil tips and other industrial architecture (Figure 1). At the Ranger Uranium mine in the Northern Territory of Australia, low-grade uranium ore, tailings, brines and other mine wastes will be buried at depth in the areas of the former pits and tailings storage facilities.The use of LEMs to predict long-term landscape evolution has several issues. These include that model predictions are based on the calibration and parameterisation of the model carried out using values determined from present day, or recent surface conditions. Furthermore, there is also the question as to how subtle perturbations or roughness on the DEM surface can produce alternative model results by randomly varying the elevations of the DEM surface.In this study we examine the effect on sediment transport rates and geomorphology for a proposed rehabilitated landform using multiple landscape realisations with increasing magnitudes of random changes in the DEM using the SIBERIA LEM (Willgoose, Bras and Rodriguez-Iturbe, 1991).CITATION:Hancock, G R, Coulthard, T J and Lowry, J B C, 2016. Use of landform evolution models to assess uncertainty in long-term evolution of post-mining landscapes, in Proceedings Life-of-Mine 2016 Conference, pp 67–70 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Jun 28, 2016

By R Valenta, J Owen, D Kemp, E Lebre, G Corder

Copper plays an essential role in our society. It is one of the key materials supporting economic growth and human development in emerging economies, for its common use in construction, power generation and transmission. It is also a critical metal for the transition to a low carbon future, particularly for its uses in renewable energy and electric vehicles. As a result, global demand for copper has been increasing steadily and is predicted to continue in the future. The demand-supply gap is currently growing, and new mines will be needed to fill it. This project observes the current pipeline of copper mining projects, which are characterised by technical complexity (lower grades, deeper deposits, complex mineralogy etc.) but also environmental, social and governance (ESG) complexities. A common assumption in the mining industry is that a rise in copper prices will unlock these deposits. However, while most technical complexities are price sensitive and are likely to be overcome in favourable economic conditions, the influence of ESG complexities is more difficult to evaluate. CITATION: Lebre, E, Valenta, R, Kemp, D, Owen, J and Corder, G, 2018. Accounting for social and environmental complexities in mining project developments: the case of copper, in Proceedings Complex Orebodies Conference 2018, pp 39–40 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Nov 21, 2018

By N McIntyre, J Smart, J Ossa-Moreno, D Rivera

Hydro-economics is a field of research that analyses water resources from a multi-disciplinary approach (Harou et al., 2009). These models generally include one component that describes the water resources of the catchment being analysed (e.g. the physical behaviour of water), an economic component that describes users’ water demand function (changes of willingness to pay relative to availability) and a coupling methodology. These models go beyond calculating cash flows for water investments and analyse the economic behaviour of users when facing water shortages or surplus. In other words, water demand curves are defined for each water user (e.g. urban, agriculture, mining, environmental and hydropower), and they are used to retrofit the water resources component. As a result, the model approximates the catchment scale response to droughts and wet periods, including the effects of water markets, restrictions, recycling, water sharing and any cooperative efforts by users to adjust to changing climate conditions.These models are usually focused on agriculture and urban users, the main water consumers in most catchments, but they have sometimes included environmental, industrial and hydropower users (Bekchanov, Sood, & Jeuland, 2015). Nevertheless, although a relevant user of water in several catchments, the mining industry has been rarely included. This paper is part of an ongoing project that addresses this gap by developing a hydro-economic model in the upper section of the Aconcagua River in Chile. The aim of the paper is to analyse the sensitivity of the outputs of the model to changes in input data, both hydrological and economic, and to develop insight on usefulness of such models for reducing water conflicts in mining regions.CITATION:Ossa-Moreno, J, McIntyre, N, Smart, J and Rivera, D, 2018. Sensitivity of a hydro-economic model in a mining region to changes in hydrological and economic inputs, in Proceedings Life-of-Mine 2018, pp 52–55 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Jul 25, 2018

By I Levy

At our Monkland Mine at Gympie, we operate a deep, narrow vein gold mine using hand held equipment, rail mounted haulage and narrow shafts. This is in many respects the old-fashioned way and is well suited most of the orebody geometry exposed to-date. We have also commenced some long hole stoping and we use alimaks for some jobs. The heart of our particular mining style is the employment and retention of experienced miners with remuneration based on productivity. We do our planning/monitoring/supervision down to the level of daily individual productivity. In focussing on cycles per se, we have chosen not to talk about drill and blast cycles or cycles for mine development, stope preparation or drawdown and haulage. Instead we have stepped right back from the operation as presently run and have adopted a very broad view of the mining cycle. We will in this presentation intertwine the ebb and flow of, exploration, project sponsorship, development, production and cash returns to owners. The time line considered spans both history and predicted future.

Jan 1, 1998

By M Grigorescu, S Crimp, J H. Hodgkinson, P Kokic, W Jin

Mines are typically located in remote, inhospitable locations and movement of materials between site, processor and port are often at risk from extreme weather events. Mining companies have recorded multiple supply chain, production and logistics delays caused by climatic events. Recent analyses of extreme temperature and rainfall events (90th and 99th percentile values) for 1960 to 1985 and 1986 highlighted regionalised increases in the frequency and intensity of extremes. The trajectory of this change is likely to be maintained (IPCC, 2014) in regions where increases have occurred historically, suggesting that some parts of the industry may be faced with management challenges beyond current experience (Hodgkinson et al, 2010; Loechel, Hodgkinson and Moffat, 2012). Reliance on historical data to plan for extremes (such as scheduling production downtime to reduce impact) will become increasingly ineffective as the data become less representative of future conditions. Importantly, mine site remediation and closure management need to consider the future climate to ensure rehabilitation is sustainable under changing conditions.Vulnerability assessments and risk-reducing adaptation will become more common as the industry reaches to secure both a mine’s longevity and the industry’s reputation as shareholders and clients become less tolerant of repeated or prolonged interruptions (Hodgkinson, Hobday and Pinkard, 2014). Climate-resilient new mines may be planned using site planning tools combined with knowledge of future climate scenarios. Scenario tools are valuable for developing a gated risk management approach to reducing climate-risk during a mine’s life, through to the rehabilitation process and for managing care and maintenance or closed mines.CITATION:Hodgkinson, J H, Crimp, S, Jin, W, Kokic, P and Grigorescu, M, 2016. Life-of-mine planning tools for a changing climate – intuitive, interrogative, iterative, in Proceedings Life-of-Mine 2016 Conference, pp 71–74 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Jun 28, 2016

By Alesse V, Belardi G

A new class of collectors, Mercapto-Benzo-Oxazoles (MBO), exerting selective action on copper sulphides in the presence of Pb, Zn and Fe sulphides (galena, sphalerite and pyrite), has been synthesised in co-operation with Enichem's Donegani Insitute. The collectors have a mixed aliphatic-aromatic structure and contain functional groups which form chelates with copper. Some reagents of this class having hydrocarbon chains of various lengths have been laboratory tested on a complex sulphide ore containing chalcopyrite, galena and sphalerite in pyritic gangue. Comparative flotation tests have permitted selection of the best collector for chalcopyrite, namely Methyl-Mercapto- Benzoxazole (MMBO). Systematic flotation tests have been performed with this reagent, varying collector concentration, grain size of the feed, pH and flotation time. The results obtained show that the synthesised collector is much better than potassium-amylxanthate (KAX) as regards selectivity towards Pb and Zn. Moreover, it is possible to work at natural pH (6-7) and the flotation rate is higher. In fact in the rougher stage with 80 g/t of collector at natural pH, a copper grade of 7.14 per cent was obtained with a recovery of 73.87 per cent, while the grade with KAX did not exceed 2.11 per cent for a recovery of 73.54 per cent. The amount of Pb and Zn reporting in the copper concentrate was eight per cent and ten per cent respectively, while with KAX it was no lower than 24.34 per cent and 22.71 per cent in that order. After two minutes flotation a copper grade of 5.2 per cent with 52 per cent recovery could be attained, against a grade of 2.5 per cent and a recovery of 44 per cent in the case of KAX. The efficiency of this new collector has been ascertained on two samples of complex sulphide ores of diverse mineralogical composition.

Jan 1, 1993

By Espig D, Standish N

In the paper a stochastic model of the batch sieving procedure is presen- ted resulting in a system of ordinary differential equations to describe the time dependence of the mass fractions on the sieve surfaces being randomly influenced by sampling errors. The coefficients of the system can be interpreted as sieving velocities. Their dependence on the sieving con- ditions is discussed and a special type of functional relationship and methods are suggested to determine this function experimentally. Moreover the applicability of the approach is demonstrated by an example to evaluate the particle size distribution, if only the result of incomplete test sieving is known. For this problem a rough error estimation is performed.

Jan 1, 1984

By T Klinge, P Field, N Sugden, D Trenberth

Mining remains one of the key industries in Australia and many other countries with mineral wealth. In Australia, mining contributes 8.8 per cent to the countryÆs gross domestic product (McKay et al, 2000). In Queensland alone, mineral and petroleum industries contribute approximately $9.4 billion to the StatesÆ gross state product (2001/02) (Young, 2003). Increasing pressure on mining companies to perform in a global marketing environment requires mine management to consider more innovative ways to manage their resources û human, plant and equipment û which includes the gathering and analysis of operations data and information for improved decision making. For any mining operation utilising rubber tyred equipment such as trucks, front-end loaders and ancillary equipment, annual expenditure on tyres and related items can be significant. Even a small reduction in tyre operating costs can have a real effect on the business bottom line performance in the short term. Tyre Application Risk Management (TYREARMÖ) can provide substantial benefits in the long term across a number of KPIs not just through reduction in direct tyre expenditure but through flow-on improvements in safety, productivity and reduced environmental impacts. Several accidents involving tyres have also highlighted an increased need to consider the hazards and resultant risks arising from operations of rubber tyred mining fleets (Torlach and Johnston, 1990). This paper presents the process and results of achieving sustained safety and business improvement through the strategic alliance between an earthmover tyre management service provider, Klinge and Co (Klinge) and a BHP Billiton coal mine. The accompanying case study demonstrates in some detail the overall methodology, and the tools and technologies used where active management of data, its analysis and decisions taken have resulted in a 43 per cent improvement in tyre cost performance and a corresponding reduction in tyre-related downtime since the beginning of the alliance.

Jan 1, 2003

By S D. Golding

The current study integrates hydrogeochemical and stable isotope results to investigate the sources and evolution of acid mine drainage at the historic Mount Morgan gold mine in Queensland, including the controlling factors and mechanisms of sulfate formation. The open pit and seepage sumps contain acid-sulfate waters and show elevated Al, Cu, Fe, Mn, Pb and Zn values. Samples collected from the Dee River bordering the mine site are less acidic, with lower concentrations of dissolved metals that gradually attenuate downstream from the mine. Concentrated acid mine waters has lead to formation of efflorescences consisting mainly of hydrous Fe-sulfates. The results of the ongoing isotope analyses on water samples show distinctive grouping of the data. The range of the sulfur isotope values for dissolved sulfate in samples from the open pit and sumps (d34S = 2.1 to 3.0 per mil) are similar to those of sulfides in the Main Pipe mineralisation (d34S = - 0.2 to 2.8 per mil). The lack of fractionation between sulfides and sulfate indicates that intermediate oxidation states of sulfur are not significant and makes this technique a useful tracer to identify the sources of sulfate. The Dee River samples, on the other hand, have heavier sulfur isotopes (d34S = 2.8 to 5.0 per mil). These samples may contain dissolved sulfate from æinternal sourcesÆ in the river basin, show local bacterial reduction or indicate a simple mixing trend. Further isotope analyses including oxygen isotopes of dissolved sulfates will enhance the interpretations.

Jan 1, 2003

By B K. Hebblewhite, G Sharrock

The strength and deformation properties of a rock mass are important parameters influencing the design of civil and mining excavations or structures. The mechanical behaviour of jointed rock masses are controlled by the characteristics of discontinuities and the strength of intact rock bridges between discontinuities. To date, analytical, empirical and experimental methods have not captured the key mechanisms controlling the mechanical properties of actual rock masses with non-persistent joints. The emergence of the synthetic rock mass (SRM) in 2007 provides a promising approach for this purpose. In this paper a rock mass with non-persistent joints is analysed with the SRM model based on PFC3D. The influence of joint geometrical parameters on the uniaxial compressive strength (UCS), rock mass deformation modulus (Em) and failure mode is studied. Joint parameters include joint orientation, persistency, spacing and step angle. Prismatic numerical samples with dimensions 300 mm × 150 mm × 50 mm were generated and a sensitivity analysis of each joint parameter on UCS and Em was undertaken. The results show that of the parameters tested, joint orientation has the greatest influence on UCS. Minimum UCS occurs when the angle between the major principal stress and joint surface is approximately 60°. The joint step angle was found to have a significant effect on failure mode and a joint step angle of 90° is the most favourable joint orientation for step-path failure. The importance of joint step angle is highlighted in the discovery of a failure mode bifurcation point at joint step angles of 60° and 90° for joint orientations of 75° and 90°, respectively. For these parameters the failure mode transitions from block rotation to a new failure mode where the coalescence of cracks results in the formation of new small regularised blocks.

Sep 26, 2011

By A G. Shellsh, R J. Henham, J R. Foley

The Porgera Gold Mine, west of Mt Hagen in PNG is a large open pit and underground operation currently producing gold at the rate of almost one million ounces per year. This deposit has produced some 8.8 million ounces to-date and has current reserves of 103.4 million tonnes @3.2 g/t Au. The Porgera Joint Venture has invested over $A1 billion in infrastructure in this project. Technical management of this operation involves the interrogation of some 700 000 metres of diamond drilling, some 50 000 blastholes per year, and very large volumes of laboratory, geotechnical, environmental and production reporting data. Over the past seven years this data has been consolidated into a single centralised, relational database which now acts as the single reference point for all the technical application systems used for surveying, grade control, production reporting, deposit evaluation and modelling. Data transfer to application programs and management systems is controlled by the centralised database, this process at times involving a two-way, real-time, binary data transfer. The benefits of a specialised database application include security and integrity of the data asset, ease of access, and performance in a multi-user environment. This replaced fragmented, inconsistent data sets stored inefficiently as individual, unindexed, variably formatted files associated with the different application programs. Most importantly, the database has allowed mine management at all levels to make timely, confident investment, cash flow and optimisation decisions as it provides the primary link between the deposit and operational data sets on one hand, and the application programs and management and performance measurement systems on the other. This paper discusses the economic value and importance of technical data in terms of the resource asset and the means by which this data is being managed and used at Porgera.

Jan 1, 2000

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

By S C. Dominy

Current and proposed methods of resource classification relate to the geological, economic and technical confidence in the estimated resource. Geological confidence is, however, only vaguely defined. It is largely related to the level of drilling and sampling, to the geologistÆs perceived level of confidence in his/her work and on the continuity of the mineralisation. Rarely has any real attempt been made to assess how well a deposit has been explored, sampled and evaluated and how accurate or realistic the geological model is for the deposit. This contribution reviews the impact of two of the potential sources of error, ie sample recovery and quality. The first of these parameters is measured during logging and assaying, but is often forgotten during grade and tonnage estimation, and resource classification. Preliminary studies have shown that modelling of this parameter is a valid exercise, which should accompany the evaluation of grade and other economic parameters. The sample recovery factor for an ore block can then be used to reassess the confidence in the block. It could, for example, downgrade the status of a Measured Resource to an Indicated Resource even though standard methods might indicate that the higher classification is applicable. A method is proposed by which this recovery factor could be incorporated into current resource classifications producing a more sophisticated and comprehensive measure of sample quality. A review of the sources of error naturally leads to the assignment of scores to each stage of the evaluation process, depending on the methods used and assumptions made. Sample recovery is one important factor, which is likely to appear at several stages. These scores can then be weighted and combined in a manner resembling that used in the CSIR Rock Mass Classification. This score will then allow the resource estimate to be rated on a scale from 0 to 100 per cent to produce a Quality Control Index (QCI). However, this index must then be modified using an Evaluation Difficulty Index (EDI), which reflects the difficulty of a particular style of mineralisation to accurate resource estimation. This results in the production of a Resource Reliability Rating (RRR), which can then be linked to international classifications, such as the 1999 JORC; 2000 CIM; and 2001 EURO codes. This will permit a more precise definition of geological confidence levels or, combined with estimation error, produce a classification system in its own right. This same rating can also be used as the basis for technical audits of mineral projects.

Jan 1, 2002

One common public perception of mining is that financially it is an extraordinarily risky business. Another and contrary view, in certain circles, is that price risk and other financial risks can be relatively easily removed or shifted by a number of schemes or devices. In reality, beyond the orebody discovery stage, mining need not be any more risky than most heavy industrial businesses. Nevertheless, as stated by Rappaport, (1986): Risk is a parameter of central importance in establishing the economic value of any asset. The level of risk is determined both by the nature of the firm's operations and by the relative proportions of debt and equity used to finance its investments. These two types of risk are commonly referred to as 'business risk' and 'financial risk' respectively. The term financial risk is used somewhat more loosely herein to recognise the reality that any risk inadequately addressed in the design, construction and operation of a mining project can have significant financial consequences; usually negative. For instance, a specific area of business risk in mining is often called technical risk which definitely has severe financial consequences if not managed correctly. The various risk shifting, hedging and risk management tools available all have their place and range from merely useful to almost indispensable. However, in the long-term, financial risks are maintained at acceptable levels by the application of sound, more fundamental business management principles. There are many with a vested interest in perpetuating a perception that the conceptual foundations of sound management practice are extremely complex. In reality, most management concepts are prosaic, but their application requires incredible discipline and hard work. There is no magic formula or 'silver bullet'. It appears that a company whose activities are restricted to mining can analyse the range of risks specific to mine development and operations more clearly than companies in which mining is just one of many businesses. The almost universal failure of large oil companies in the mining business is probably the best example of lack of any clear comprehension of fundamental business characteristics and risks. Conversely, in regard to risk management, choosing to be in other business as well as mining does nothing to reduce the risks of the mining business. The individual shareholder can probably make such 'diversification of portfolio' decisions better than most management teams. It could be argued that diversification across a number of disparate businesses may actually increase overall corporate risk due to lack of management concentration and focus. These differences between the perceptions of financial risks and the realities in mining need to be further elaborated in relation to some uncompromising business concepts.

Jan 1, 1994

By A Nisbett

The largest single operating loss in many hydrometallurgical plants is the poor recovery of leached product in the solids sent to tailings. Any reduction in the concentration of the valuable species in this stream will improve the project economics. Conventional design, to reduce the soluble loss, is to increase the number of wash stages or the wash/water ratio. This approach is limited in effectiveness as it can only reduce the soluble loss to that dictated by the concentration in the returning solution. For copper plants this concentration is set by the recovery in the solvent extraction (SX) plant. When using a single grade of SX feed a single grade of SX raffinate is produced generally with five to seven per cent of the copper still remaining in solution. An alternative approach has been developed by Cognis Corporation and implemented on a number of recent projects using engineering input from Miller Metallurgical Services. The SX plant feed is æsplitÆ into two different streams: a high-grade stream containing up to 75 per cent of the copper and a low-grade stream with the remaining copper. This Split-CircuitÖ concept has significant benefits in terms of both copper recovery and reduction in acid costs. The high-grade stream has the bulk of the copper removed and the raffinate sent directly back to the leach; to fully re-use the acid that has been generated during extraction in the SX process. The recycling of this higher concentrated acid stream considerably reduces the acid in the raffinate sent to washing steps. It represents a significant saving in acid consumed via the tails stream. The low-grade stream has a significantly lower SX feed grade and hence produces a lower raffinate acid and copper concentration. This lowers the economic species in the wash solution and hence reduces the soluble loss accordingly. Other operating improvements are realised with lower neutralisation costs (with the lower acid in the wash stream) and from a decreased need for in-circuit neutralisation to improve SX performance. The SX plant itself is also split into a high-grade extraction and a low-grade extraction stream to enable the low-grade raffinate to be produced. A number of circuit alternatives have been utilised that have provided a range of benefits. The circuit concept has been included into both new and existing plant operation. As a result of this experience other methods of incorporating the concept into a circuit have been developed.

Jan 1, 2005

By Plyley WF

Kidston Gold Mine is a 3.5 million tonnes per year operation located 280 kilometres west of Townsville, Queensland. Kidston's ore body consists of 44.3 million tonnes graded at 1.79 grams per tonne gold and 2.22 grams per tonne silver. Full production commenced in March, 1985. During the remainder of 1985, Kidston milled 3.77 million tonnes of ore and produced 213,614 ounces of gold.The ore is comprised of granodiorite, polymictic and volcanic breccias. The degree of oxidation of the rock influences the milling capacity and therefore determines the cut-off grade; ore is categorised as oxide, transition and fresh. The milling rates are 15,400, 12,000 and 9,600 tonnes per day for oxide, transition and fresh ore respectively.The ore is treated in a conventional cyanidation/ carbon-in-pulp plant (CIP). The plant consists of a primary crusher, semi-autogenous grinding (SAG) and ball mills, leach circuit and carbon-in-pulp circuit. Carbon stripping and dore smelting are done on site. The major difference between the Kidston plant and other Australian CIP plants is that a cyclone separation and washing circuit rejects half of the dry tonnage as a sand tail prior to CIP treatment. This difference allows the CIP circuit at Ki.dston to be smaller and makes the CIP less sensitive to the grind circuit product size.

Jan 1, 1986

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