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I have chosen this topic for my address with the intention of preserving a rather extraordinary record of recurrent additions of capital in the financing of one of the world's important silver-lead-zinc mines. The recitation of the trials and tribulations which fore-shadowed the rise of Mount Isa Mines to a position of relative prominence in the realm of non-ferrous mineral production may, I hope, be of assistance to some of the younger members of the Institute who may be called upon during their careers to meet similardevelopmental and financial problems.Mount Isa Mines Limited was incorporated in New South Wales in 1924 with an Authorised Capital of 40,000 shares of £20 each.In November 1925 the Company acquired the leases and water rights of the Mount Isa Proprietary Silver-Lead Limited for 6,250 fully paid £20 shares. Shortly thereafter, but in the same year, the £20 shares were split up into £1 shares, thus bringing the Authorised Capital to £800,000.The leases purchased consolidated and brought under one management the principal ore bodies of the Mount Isa area.Transportation facilities were indispensable to the economic future of the field, so the construction of a railway extending the Government line from Duchess, 54 ,miles to Mo.unt Isa, was assured by the passage of a bill in October 1925 by the Queensland Parliament. Under the provisions of the so-called Mount Isa Railway Act the Company was required to idemnify the Government against national loss on this branch line for a period of 10 years.

Jan 1, 1953

By J Vann, S Jackson, O Bertoli

Ordinary kriging and non-linear geostatistical estimators are now well accepted methods in mining grade control and mine resource estimation. Kriging is also a necessary step in the most commonly used methods of conditional simulation used in the mining industry. In both kriging and conditional simulation, the search volume or ækriging neighbourhoodÆ is defined by the user. The definition of this search can have a very significant impact on the outcome of the kriging estimate or the quality of the conditioning of a simulation. In particular, a neighbourhood that is too restrictive can result in serious conditional biases. The methodology for quantitatively assessing the suitability of a kriging neighbourhood involves some simple tests (which we call æQuantified Kriging Neighbourhood AnalysisÆ or QKNA) that are well established in the geostatistical literature. The authors argue that QKNA is a mandatory step in setting up any kriging estimate, including one used for conditioning a simulation. Kriging is commonly described as a æminimum variance estimatorÆ but this is only true when the neighbourhood is properly defined. Arbitrary decisions about searches are highly risky, because the kriging weights are directly related to the variogram model, data geometry and block/sample support involved in the kriging. The criteria to look at when evaluating a particular kriging neighbourhood are the following: the slope of the regression of the ætrueÆ block grade on the æestimatedÆ block grade; the weight of the mean for a simple kriging; the distribution of kriging weights themselves (including the proportion of negative weights); and the kriging variance. Outside of the technical geostatistical literature, there is little in the published domain to describe the nature of QKNA and no practical presentation of case examples. In this paper we attempt to redress this by setting out the calculations required for QKNA and defining some approaches to interpreting the results. Several practical worked mining case examples are also given. Finally some comments are made on using the results of QKNA to assist with block size selection, choice of discretisation and mineral resource classification decisions.

Jan 1, 2003

Investigations of the Mineragraphic Section; Commonwealth Scientific and Industrial Research Organisation, have included most of the known stannite-bearing ores in Australia, and have revealed several new occurrences of this relatively uncommon mineral. They provide information about its paragenesis, and its possible effect on tin recovery, that may be of general interest.Several of the investigations used in the preparation of this paper, were made in the first instance by pr. F. L. Stillwell or in collaboration with him.CASSITERITE-SULPHIDE ORES IN NORTH-WEST- TASMANIA Stannite is a minor component of most of the cassiterite sulphide ores of north-western Tasmania. These include the orebodies of Mount Bischoff, the Cleveland mine, Moina, the Stanley River district, Renison Bell, and the Heemskirk-Zeehan district, and form a well defined metallogenetic provence which is related to the Devonian granites of this part of Tasmania.In these ores mineralisation began. with deposition of cassiterite, a little wolfram, and quartz, topaz and tourmaline. With falling temperature, deposition of cassiterite ceased and arsenopy-rite, pyrite, and especially pyrrhotite, formed in abundance, tending to give massive sulphide ore. A little chalcopyrite; stannite, sphalerite and native bismuth accompanied the pyrrhotite. Deposition of quartz ceased after the pyrrhotite, was formed, and the later-formed nonsulphide gangue consists chiefly of carbonates and fluorite. With, the advent of the carbonates the pyrrhotite was altered to fine-gained intergrowths of marcasite and pyrite. Excess iron from the pyrrhotite entered the intergrown carbonate, or was precipitated as magnetite. Some solution of the cassiterite occurred at this stage, the tin being redeposited chiefly as stimnite replacement rims around the residual cassitellrite grains. Varying, but small, amounts of sphalerite, galena, tetrahedrite and silver minerals were depoSited at this stage, bringing the mineralisation to a...

Jan 1, 1951

The detailed work done by Stillwell and Edwards on the occurrence of cobaltite and safilorite-Iollingite at the South Mine, followed by its presentation as a paper to the Institute, calls for, a few notes on its occurrence elsewhere in the Broken Hill field. No massive cobaltite similar to that in the South Mine veinlet is known except from the Consols Mine (as mentioned in the paper). Fine grained cobaltite has, however, been found in low-grade ore from the North Mine. Microscopic grains occur in a mineralized green feldspar pegmatite. The feldspar has been replaced in part by graphite, and the cobaltite occurs in association with the graphite. In its hardness, pinkish-white colour, and resistance to the standard etchingqeagents it is similar to the South Mine cobaltite; it is etched by acid permanganate solution. An interesting feature of this occurrence is the way in- which some of the minerals (notably galena) have forced apart the graphite lamellae in crystallizing, forming lenses enclosed by the curved cleavage surlaces 0;[ the graphite.StillwelI and Edwards cite a note by G. Smitht for the statement that "cobaltite has been recorded from the Australian Broken Hill Consols Lode in the vicinity of the rich silver deposits, though not in contact with them."Smith, however, is here referring to the oxidized zone. Elsewhere in the same article he states "... a deposit of cobaltite in a very much altered condition was found. This was impregnated with silver, and assayed as high as 3,000 ounces," Of the cobaltite in the unoxidized zone, Smith simply states that it became rarer with depth.Cobaltite has also been recognized by Mr. H. F. Whitworth, M.SC., Curator of the Mining Museum, Sydney, in specimens from Burt's Copper Mine eight miles south of Broken Hill.

Jan 1, 1944

I've talked a number of times in the past year or so to audiences like today's about culture -about thinking of it, understanding it, respecting it. So, rather than talk just yet about your laws for mining on Aboriginal land and the successes some of us and some of you have been able to achieve, I'd like to first of all talk about cul- ture as I understand it. Anyone who proposes any kind of development on Aborigi- nal land needs to have some basic understanding of what we, the traditional owners of that land, are about. Without that under- standing, you will find difficulty in coming to terms with us. Many people have experienced this difficulty and, unless we can do something about it together, many more will continue to find it.

Jan 1, 1988

By M Angus, S Konopa, A Virisheff, S Crispin

A positive mill reconciliation at a mine is a double-edged-sword. Much back slapping happens. The bank and the board can’t get enough until the downside becomes apparent. Over a prolonged period, there becomes an issue with market perception and the potential for shareholders to be misinformed regarding the potential value of the project. In addition, there are impacts on mine scheduling, waste allocation (or lack thereof), government expectations, and the potential for misguided external assumptions regarding the ‘unexpected’ results. The PT Agincourt Resources Martabe Gold Mine has shown a significant under-call, in the order of 20% total gold metal, between the Mineral Resource (MR) estimates and Grade Control (GC) estimates since production commenced in 2012. Recently, the under-call has been reduced by incorporating the use of grade control drilling in the MR grade estimates. Despite recent improvements in reconciliation, drilling in 2017 at both Purnama and Barani open pits shows that infill reverse circulation (RC) drill holes often produce significantly higher grades than those predicted in the MR block model. CITATION: Angus, M, Virisheff, A, Konopa, S and Crispin, S, 2018. Martabe Gold Mine, Indonesia: a positive solution for positive reconciliation, in Proceedings Complex Orebodies Conference 2018, pp 76–78 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Nov 21, 2018

The need for ventilation around mine workings derives from the various gases found in mine atmospheres and CH4, the principal diluent is in quantity depending upon several factors. Several of these are seam thickness, depth of cover and working method and the French Regulations typify controls on coal mine ventilation. There are many factors affecting production of CH4, in addition to coal production, such as the geological setting of the working seam, the geometry of workings and the rates of advance. The possibilities of spontaneous combustion should not be overlooked. The complexity of high production modern colliery layouts is such that sometimes there maybe 200 airway branches. There are specific differences in ventilation networks between the mining methods of rooms and pillars, shortwalls and longwalls as affecting resistance losses, as well as necessary airflows and ventilating

Jan 1, 1983

By H Aoki, A Nakayama, K Morita, S Yamada

The thermal conductivity of mold flux is crucial for optimising the productivity and quality of steels. This study investigates the thermal conductivity of molten oxides, including CaO-BO1.5-AlO1.5 (CBA), CaO-BO1.5-AlO1.5-SiO2 (CBAS), and CaO-MgO-BO1.5-AlO1.5 (CMBA) melts, using a hot wire method. Additionally, their structure is examined using Raman spectrometry and magic angle spinning nuclear magnetic resonance (MAS-NMR) to explore their relationship. Furthermore, first-principles calculations are employed to assess the covalency of each bond in the melts for a more quantitative analysis of their relationship. The study confirms that an increase in the CaO concentration of the CaO-BO1.5-AlO1.5 melts reduces the amount of bridging oxygen and consequently decreases thermal conductivity. The covalency of the B[4]-O bond is highest, especially when the second-nearestneighbour Al atoms transition from Al[6] to Al[4], forming the AlB3O7 structure with B[4]. The relationship between thermal conductivity and the structure of CaO-BO1.5-AlO1.5-SiO2 melts can be quantitatively assessed using the degree of polymerisation of the network structure and the variation of covalency as indicators. Furthermore, replacing CaO with MgO in the CaO-MgO-BO1.5-AlO1.5 melts reveals a mixed alkaline earth effect on thermal conductivity.

Aug 21, 2024

This paper is directed at the problems flowing from Australia's capital gains tax (CGT) on the disposal of exploration and mining tenements both in Australia and overseas. It will seek to identify the issues and give some idea of the dollar consequences of decisions lacking forethought. The paper should not only be seen in the context of Australian tenements. CGT applies to the disposal of any assets by an Australian resident anywhere in the world. Offshore incorporated companies are not necessarily free from CGT risk where it can be shown that control management and control of the relevant company is in Australia. Also the disposal by non residents of Australian tenements are potentially caught by CGT. Some will ask what has taxation got to do with a valuer who merely determines the value of assets. These days no determination can be blind to the consequences. Whether the consequences can encourage a movement in value is another thing dependent upon the circumstances; but? A role of an experienced taxation consultant is to point out parameters within which associated professionals can work. The parameters will vary from case to case, but these when clearly indicated may be of help to persons such as valuers. When one comes down to it real estate salesmen are never wrong. They have a feel for the market and almost through self fulfilling prophesies achieve sales at their guestimates. Whether they could have achieved higher considerations become virtually academic in the process. Of course I am not suggesting that tenement valuers can be compared to real estate salesmen, or am I? What is the value of a tenement? Is it the DCF/NPV type of generated value based on a large number of variable factors (ie what one may call the fundamental value)? Or is it what another may pay to purchase that tenement if it were on the market at an instant point in time? How big is the market, the quality of the bidders, the size of their purses, the needs of the buyer for comfortable fit, the premiums for foreigners, the standard of the marketing, the industry intelligence level of the bidders, the obligation to farm/sell down? The list goes on endlessly. One question must be.asked-"Is a range of values acceptable for tax purposes". ie Would any tax consultant ever provide a valuation to the Australian Taxation Office that indicates three or more possible values ie

Jan 1, 1987

This paper intends to give an insight into what is often considered to be a poor relation of the mining industry but is in fact an integral part of any community. Aggregate production accounts for more than half of the world production of minerals by weight. In New Zealand production of aggregates runs at around five tonnes per capita per year, making it a significant industry. The industry in this country is dominated by smaller operations close to the market due to the widespread population and relative abundance of aggregate. The Logan Point quarry is one of the largest quarries in the South Island with an annual production of around 250 000 tonnes. The market is mainly based around roading and building in the Dunedin area with some higher quality specialist aggregates being used allover Otago. The quarry has been owned and operated by Palmer and Son Ltd for 106 years with a fifth generation family member the current quarry manager.

Jan 1, 1992

By Z R. Guo, Y Qiu, X F. Wang

Mechanical damage leads to the increase of effective stress of sediments, and pore closure hinders the discharge of methane gas. Ignoring the influence of mechanical damage leads to an excessive prediction of hydrate gas production. Therefore, a fully coupled model considering mechanical damage-chemical decomposition-gas-water two-phase seepage-temperature was developed in this study, and the model was verified by Masuda experiment. Based on the fully coupled model, the temporal and spatial evolution of the whole process of hydrate decomposition under the influence of three initial absolute permeabilities, three pressure drops and three water saturations were considered. The results showed that: • The gas production rate reached the peak value in a short time after depressurisation, and the peak value increased with the increase of the absolute initial permeability. The larger the initial absolute permeability was, the faster the damage variable reached the peak value. The porosity increased gradually before the damage variable reached its peak, and the gas flowed more easily. • When the pressure drop was low, the hydrate remained stable in solid form. As the pressure drop increased, the hydrate gradually began to decompose. The greater the pressure drop was, the faster the initial decomposition rate of the hydrate was. So the damage variable increased rapidly and the porosity increased continuously, resulting in a large gas production rate at the initial stage of decomposition. • The larger the initial water saturation was, the smaller the effective stress wss, resulting in the slow growth of the damage variable and the small change of porosity.While the gas relative permeability was small, it resulted in a smaller gas production rate, and hydrate decomposition was slower. • The damage variable showed a process of rapid growth first, then slowly increased to the peak, and then gradually decreased to a stable state. When the damage was considered, the hydrate decomposition time to the steady state was longer, and the gas production was about 80.68 per cent of that without considering the damage.

Nov 29, 2022

By S Roberston, G Batt, R Shanahan, B Shah, A Trench, H Bromfield

The geographic imperative of ore systems leaves mining, more so than virtually any other aspect of modern industry, heavily dependent on obtaining and maintaining social licence to operate. A prospective miner cannot arbitrarily walk away from a deposit in search of more favourable community perceptions – concentrations of mineral endowment represent highly specific and fixed elements of the landscape, and their development and extraction thus requires the acceptance and trust of a specific network of landholders and stakeholders, sometimes with diverse and even competing interests in the development and use of the local environment. Weakness or absence of such social licence can bring added costs and complexity to developing and operating a mine – and in extreme cases even result in project failure. Because it must be maintained throughout the life of a project, such social risk becomes a substantial part of overall project risk profile, particularly during routine operations once initial technical and development risks have been largely resolved.CITATION: Bromfield, H, Roberston, S, Shah, B, Shanahan, R, Trench, A and Batt, G, 2018. On equitable distribution of mining wealth and the social licence to operate imperative – an African case study, in Proceedings Complex Orebodies Conference 2018, pp 6–7 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Nov 21, 2018

By M Olsson, I Bergqvist

A Swedish table of blast damage depths has, in one form or other, been in use since the late-1970s. Its history and the underlying theory are described. New experimental and theoretical findings that point out a number of shortcomings in the table and the underlying theory are presented and discussed. A revised version of the blast damage table was recently introduced in conjunction with new but incomplete recommendations for cautious perimeter blasting. The new table leaves the difficult task of taking into account factors like decoupling, water in the borehole, the rock properties, type of initiation, charge length and the actual bit diameter to the user. This paper discusses different ways of doing this, based on the experimental findings and a recent formula for the prediction of the lengths of radial cracks behind the half-casts. The material presented in this paper is meant to supplement and extend the new Swedish recommendations for cautious perimeter blasting of tunnels, shafts, pits and road cuts.

Jan 1, 2001

By Adshead ND, Blake KL, Rotherham JF, Rotherham M, De Jong G

Magnetite deposits with distinctive ¦ actinolite ¦ apatite -bearing gangue and spatially-extensive sodic-calcic wall rock alteration occur in both Proterozoic metamorphic terrains and Mesozoic-Tertiary magmatic arcs. Examples from both settings constitute significant sources of iron ore (e.g. Kiruna, Sweden; El Romeral, Chile) and some host major Cu-Au deposits that have a local association with K-silicate alteration (e.g. Cloncurry district, NW Queensland; Copiapo district, Chile). A growing body of evidence points to a hydrothermal origin for these systems involving high temperature, low S oxidized fluids. The Cloncurry magnetite-Cu-Au deposits are products of the local structurally channelized influx of a specialized high salinity ore fluid into larger-scale alteration systems developed during pluton emplacement at greater depths than those associated with subvolcanic (porphyry) Cu-Au deposits. The geological characteristics of deposits in magmatic arcs are consistent with a similar mode of origin albeit in rather different tectonic settings.

Jan 1, 1995

By R E. Conder

A major initial and ongoing cost component in many mining operations is that of transporting mined materials and processed ore from the point of extraction or processing to the next operation. For various reasons the transport distance can be significant or in some cases the route may be particularly challenging. The trend to higher production rates to gain economy of scale benefits and capitalise on sales opportunities means that optimisation of transport can play a significant part in profitability. Apart from the cost criteria, increasingly there are other criteria such as environmental restraints, land ownership and security of supply that can have a significant impact on determination of the optimum route and transport vehicle. The paper aims to briefly highlight the important selection criteria and the benefits and disadvantages of the most commonly utilised transport vehicles. It then moves on to looking in more depth at belt conveying, highlighting the unique capabilities of the Metso MRC Cable Belt Conveyor system.

Jan 1, 2004

By V Sahajwalla, S Shin

Research activities to classify the quality of iron oxides have a long history but most of such activities are for the existing processes such as blast furnace or DR plant. Therefore the newly developed process, such as the COREX process, needs new standardisation although some basic functions of the new process have similarity to the existing processes. Many researchers (Hauk, 1990; Cho et al, 1998) in the field of COREX process have conducted investigations since the early stages of the process development and activities are underway for further plant optimisation. As Agrawal and Oshnock (1995) pointed out, because coke is not included in the COREX reduction shaft the strength requirement of the feed materials in COREX process will be more demanding than that in the blast furnace. This condition is similar to Midrex DR plant but the main reduction gas of COREX plant is carbon monoxide generated from coal combustion while that of Midrex DR plant is hydrogen from natural gas.

Jan 1, 2000

By V Kainulainen

Sandvik Tamrock Corp has developed an underground rock flow simulation tool OPTIMINEÖ which is a direct simulation tool for matching suitable technology in rock material flow for underground mine layouts and production requirements. The tool gives the possibility of determining intersections, limitations and critical points in the layout and working procedures at an early stage of a new mine/mining area planning process. The tool combines the supplier machine knowledge with operational know-how and mine environment. It can be used for identifying the effect of an individual incident such as the effect of one additional turn in a continuous loading cycle to the daily capacity. This paper discusses the way the OPTIMINEÖ simulation tool operates, the benefits and restrictions, and reviews how it simulates some example cases and how the mines benefit from the tool in maximising the performance and optimising the mobile fleet, scheduling work and fine-tuning the layout.

Jan 1, 2000

Natural gas is a comparatively new fuel in Australia. It was first used in small quantities in Queensland in 1965, but it was not until 1969 that natural gas reached the capital cities Brisbane, Melbourne, and Adelaide in that order; then in 1971 it reached Perth. By the mid seventies, natural gas had secured a significant proportion of the energy markets in Queensland, Victoria, South Australia and Western Australia and in 1976 supply commenced in Sydney. In that year - 1976 - gas supplied about 12.5% of the total demand for primary energy in Australia excluding transport. In the current financial year - 1981/82 - natural gas is expected to supply nearly 19% of the market and forecasts for 1990 range up to 25%. From a starting point in the late 1960's when manufactured gas supplied a small but important proportion of the non-transport energy market - less than 3% - we have exper- ienced an average growth of nearly 24% per annum up to the present time.

Jan 1, 1982

The Mining Act (1992) and the Petroleum Act (1980) provide for the Government of Papua New Guinea (PNG) to take up equity holdings in mining and petroleum projects. The price the Government pays for its share is based on the historical cost of exploration and development on the project to the date of government equity acquisition. The equity level to be acquired is not fixed and ranges up to 30o for mining and up to 22.5s for petroleum at the discretion of the Government of the time.The objective of this paper is to examine the pros and cons of State equity holdings in PNG from the point of view of both the State and the developer. Using an economic model of the PNG mining taxation system an assessment is made of the effective return on investment received by the State from such equity holdings. The results are compared with government revenues from other taxation measures.

Jan 1, 1994

TasmaniaÆs mineral endowment has resulted in 600 abandoned mines. Commonly occurring sulfide minerals such as pyrite and pyrrhotite can generate acid drainage and also mobilise heavy metals. Due to the StateÆs steep topography and high rainfall the risk to water quality in the receiving environments is significant. Surface waters impacted by abandoned mine sites typically showed high sulfate and metal distribution at pH range of 2.0 to 5.0. The impacted waters generally showed metal distribution in the high acid/extreme metal to low acid/low metal range. A similar trend was shown by sulfate distribution. Elevated levels of metals and sulfate downstream from several abandoned mine sites indicated that active sulfide oxidation is occurring and these sites may be potential point sources of metal pollution in the receiving environment. High correlation between metal and sulfate distribution suggests that sulfate distribution in surface waters may be used as a cost-effective investigation tool for preliminary assessment of acid drainage.

Jan 1, 2003