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By R Lachenicht, J Player, A Thompson, E Villaescusa

Kanowna Belle Gold Mine is a deep, high-stress, sublevel open stoping mine located near Kalgoorlie. Seismic activity during the development cycle presented problems, including concerns regarding the exposure of personnel. A number of seismic management systems were developed and tested to monitor seismicity and control the risk. It was recognised that a dynamically capable reinforcement and support system was required to be installed as part of the development cycle to reduce the risk of exposure of the underground workforce to uncontrolled movement of rock. The performance of a new Garford Dynamically capable bolt was measured in tests performed by the Western Australian School of Mines (WASM) at their Kalgoorlie Dynamic Test Facility. Detailed descriptions of the facility and data processing were reported by Player, Villaescusa and Thompson (2004) and Thompson, Villaescusa and Player (2004). The development of the Garford Dynamic bolt is described and dynamic testing results are presented and evaluated. This bolt was implemented in the mining cycle following the testing program; the observed performance is described and assessed in this paper.  

Jan 1, 2008

The Wattle Dam gold mine, located near Kambalda in the Goldfi elds region of Western Australia has recently progressed to an underground operation and is now believed to be Australia's highest grade operating gold mine. At end of March 2010, the deposit had reserves of 132 000 t @ 20.8 g/t for 88 000 oz and by the end of June 2010 had produced 110 000 oz from open-pit and underground mining. The Wattle Dam main lode is characterised by very coarse gold mineralisation. Gold occurs as cm to decimetre fracture fi ll veinlets, shear surface coatings and erratic fl akey clusters. The gold has no quartz or silica association and lacks adjacent low-grade mineralisation or alteration assemblage. Geologically it appears atypical of Archaean lode gold deposits and may represent an extreme end member of the type. Definition of the lode is largely dependent on effective geological identification of the host lode zone and an understanding of the erratic distribution and grade behaviour of a high-nugget, coarse gold deposit. Dependence on assay data to defi ne the lode zone would result in the deposit being mined incorrectly and much of the deposit being left unexploited. This paper discusses the geology, coarse gold characteristics and defi nition methods which are used to successfully defi ne and mine the deposit.

Aug 1, 2010

By A Guillen, J-P ChilFs

Most 3D geological modelling tools were designed for the needs of the oil industry or detailed mine planning and are not suited to the variety of situations encountered in other application domains. Moreover, the usual modelling tools are not able to quantify the uncertainty of the geometric models generated. The potential field method was designed to build 3D geological models from data available in geology and mineral exploration, namely the geological map and a digital terrain model (DTM), structural data, borehole data and interpretations of the geologist. This method considers a geological interface as a particular isosurface of a scalar field defined in the 3D space, called a potential field. The interpolation of that field, based on cokriging, provides surfaces that honour all the data. The 3D model and its parts are always consistent with the observations. New developments allow the covariance of the potential field to be identified from the structural data. This makes it possible to associate sensible cokriging standard deviations to the potential field estimates and to express the uncertainty of the geometric model. It also, for the first time, gives a statistically optimal, geologically sound way of interpolating geology, other than directly joining the dots as you do with CAD. Practical implementation issues for producing 3D geological models are presented: how to handle faults, how to honour borehole ends, how to take relationships between several interfaces into account, how to model thin beds over many kilometres, how to optimise lithological properties and how to integrate gravimetric and magnetic data. We describe all geology surfaces and volumes using implicit functions. These are then rendered onto the required sections, plans, etc. The estimation of orebody grades and tonnes, using an unbiased and optimal geostatistical technique, makes use of the stratigraphically bound 3D geology model. An application to the geological modelling of the Hamersley iron ore district, Australia, is briefly presented.

Jan 1, 2009

By M J. Nugus

The Geita gold mines in north-western Tanzania have produced 5 Moz of gold from an estimated endowment of 15 Moz. They are generally classified as typical Archaean orogenic banded iron formations (BIF)-hosted gold deposits in banded iron formations as described by Goldfarb, Groves and Gardoll (2001); Neall and Phillips (1987); Phillips and Powell (1993) and Neall (1987). The controls on gold mineralisation have been reassessed to conclude that Nyankanga, and we conclude that Nyankanga, the largest deposits within the group, developed during a dynamic and protracted deformation history intimately associated with several stages of hydrothermal fluid flow and alteration. The fluid-induced fractures associated with gold mineralisation are primarily manifested as submillimetre to metre-scale fractures and breccias developed preferentially in rocks that have been previously deformed and altered by silicification or seafloor metasomatism. This realisation detracts from the exploration and mining strategies that would solely concentrate on fluid pathways and associated wallrock alteration and veining solely within the BIFs as hosts for economic gold mineralisation.

Aug 22, 2011

By M Ahmed

Reliable face support pressure is necessary for shield driven tunnels in cohesionless soils to prevent excessive ground movements. This paper presents experimental work on stability of a tunnel face using transparent soil models aiming to obtain magnitude of tunnel face minimum supporting pressure, failure pattern and extension of failed zone. A model tunnel was preinstalled in transparent soil which was supported at the face by means of water pressure. Tests were performed by reducing supporting pressure until collapse occurred. Model tests were sliced optically with laser sheet and images were captured for every decrement in tunnel supporting pressure. Later, these images were analysed by digital image correlation (DIC) and vector fi elds of incremental displacements were obtained. Values of minimum support pressures were given for different cover/diameter (C/D) ratios. Geometry of the failure zones depicted for different (C/D) values and appeared to be of chimney shape with a limited extension front of the face. A minimum support pressure was achieved with support pressures as low as 10 ± 1 per cent of the effective vertical stress at the tunnel axis. The stability of the tunnel face was related to the coefficient of active earth pressure with C/D ratio having a small effect on the magnitude of required pressure at collapse. In general, results of the study were in agreement with current knowledge of full-scale situations.

Mar 8, 2011

By A R. Cruden, M S. Egglseder

The formation of banded iron formation (BIF)-hosted high-grade iron ore deposits in the Hamersley Province, Australia has been debated for decades. Although a structural control on their formation is widely accepted, only the roles of large-scale structures (ie faults and folds) formed by brittle and ductile deformation have been considered to date. However, the deformation of multilayered sequences in the Hamersley Province (ie the Mount Bruce Supergroup), with their contrasting rheological behaviours, creates challenges for understanding the complex structural framework at regional to deposit scales, including the significance for mineralisation and orebody location.Our approach to understanding these complex relationships is based on an established principle of structural geology, which is to extrapolate microscale structures to deposit-scale structures and vice versa, supported by state-of-the-art 3D modelling techniques. Complexly deformed hand samples associated with the Mount Tom Price iron ore deposit (Hamersley Province, operated by Rio Tinto Ltd) have been analysed and visualised with 3D explicit (Move™, Midland Valley Ltd) and implicit modelling software packages (Leapfrog™, AranzGeo Ltd) and supported by microstructural investigations (optical and X-ray microscopy) and fieldwork.Our study shows that the deformation of BIFs in the central Hamersley Province is controlled by microscale chemical processes (ie dissolution precipitation creep) due to rheological differences between iron oxide and chert layers, contrasting fluid flow properties and layer thickness variations. These processes account for the removal of vast amounts of silica, its transportation by diffusion in the presence of a fluid and reprecipitation at low-pressure sites. Consequently, this structural framework was used by different upgrading fluids to form iron orebodies.CITATION:Egglseder, M S and Cruden, A R, 2015. Evolution of a structural framework for high-grade iron ore deposits, in Proceedings Iron Ore 2015, pp 255–262 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Jul 13, 2015

By M Malec, J Szczerbinski

Hazards in underground mines are concomitant with the mining of mineral deposits and have their source in a minerÆs work environment. The authors of the paper have undertaken a trial classification of these hazards into three groups, depending on the sphere of their occurrence:lithosphere, ie rock mass, atmosphere, ie air in mine workings, and technosphere, ie machines, equipment and facilities in mine workings. The lithosphere creates such hazards as bumps, rock outbursts, the atmosphere is a factor causing fires, methane explosions and climatic hazards, whereas accidents concomitant with an operation of machines and equipment occur in the technosphere. Assuming that the number of accidents in the mining industry, concomitant with hazards, reflects the degree of safety, it has been shown, that in Poland they are under control to a large extent.

Jan 1, 1999

By S Utili, A Agosti

The Overall Slope Angle (OSA) of pitwalls plays a crucial role in the financial return of an open pit mine. In current practice, pitwall profiles are designed to be planar in cross-section within each rock layer, ie the profile inclination across each layer tends to be constant. A new slope design software, OptimalSlope, has been recently proposed to determine the geotechnically optimal profile shapes for the pitwalls of mines. OptimalSlope seeks the solution of a mathematical optimisation problem where the overall steepness of the pitwall to be designed is maximised for an assigned stratigraphy, rock properties (unit weight and strength) and Factor of Safety. The geometry of the benches is provided as input to OptimalSlope. The results obtained so far on three mine case studies in isotropic rock masses (Utili et al, 2022; Agosti et al, 2021a, 2021b) show that optimal profiles are up to 5° steeper than their planar counterparts – ie the planar profiles exhibiting the same FoS – leading to realising significant saving on waste rock and as a consequence Net Present Value increments and carbon footprint reductions. OptimalSlope algorithms have been modified to deal with anisotropic rock masses characterised by direction dependent shear strength. In the paper, the case of rock masses in banded iron formations (BIF) is tackled. A data set of anisotropic rock shear strengths typical of Western Australia is considered. The Snowden modified nonlinear model was employed to characterise the anisotropy of the rock mass shear strength. From the OptimalSlope simulations performed emerges that optimal pitwall profiles can increase significantly the Overall Slope Angle in comparison with planar profiles featured by the same Factor of Safety. LEM stability analyses of all the profiles were also performed by Rocscience Slide 2 to independently verify the FoSs of the optimal profiles obtained.

Nov 29, 2022

By Karlson R, Rispin M

Chemical admixtures are not commonly included in the variety of backfill mixes used in the mining industry. This may be attributed to several reasons including, but not limited to: the perceived high added cost, 2. the lack of awareness about their proper use, and 3. the lack of knowledge about their features and benefits. In the construction industry today, however, chemical admixtures are used in the majority of the concrete produced, enabling concrete to become a more cost-effective building material. They also enable construction crews to meet demands for year-round construction, quicker completion of construction projects, and improved concrete properties. The high demand for chemical admixtures in the construction industry has led to numerous innovations in admixture technology in recent years. Some of these chemical admixtures have been found to enhance the production, transport, placement, and in situ properties of backfill mixes. Others have been found to reduce the cost of such mixes while maintaining, and in some cases improving, their physical properties. In this paper, a few of such innovative admixture technologies are discussed. The benefits, imparted by these technologies to backfill mixes as well as performance data on their use in several backfill applications at various mines, are presented.

Jan 1, 1998

By Costello MC

An alternative process for desorbing and recovering metals from activated carbon has been developed, and is the subject of several patent applications by Micron Research (W.A.) The system uses the principle of conditioning the carbon in a strong alkaline cyanide solution followed by distillation desorption in a fractionating column, using the carbon as the column packing and methanol as the desorbing agent. The system offers the following advantages : (a) The processes of desorption, methanol recovery and reactivation are all carried out in a single column with the carbon itself acting as the column packing. No other desorption plant items or fractional distillation equipment are required. (b) The metal values are concentrated into the water content of the carbon and no other water is used except as condenser coolant. This produces very high grade gold silver solutions which give high current efficiencies in the electrowinning step. These high gold concentrations allow almost complete separation of gold and silver from copper in the electrolytic cell. (c) The process is completed to a tailing assay of less than 200g Au/tonne carbon in 15 - 20 hours allowing turn around of carbon batches on a daily Basis.

Jan 1, 1982

By T Laing, M A. Abdalla, P Hagan

Open pit operators are facing a number of challenges in the area of blasting and blasting processes, such as wall control, quality of fragmentation, explosives consumption and vibration. Remaining financially viable is one of the most significant objectives for mining professionals as they work through the blasting challenges within the mining chain of processes. This objective is such a significant challenge, primarily due to the high consumption of materials and the direct consequences on the downstream processes in the mining work flow, including loading, hauling, crushing, milling and mineral concentration. This paper reviews and discusses a technique to achieve this objective, namely air-decking. The performance in a number of mines around the world is reviewed focusing on the economic contributions of air-deck blasting. Various scenarios are investigated and simulated, covering both conventional and air-deck blasting, using JKSimblast software. The scenarios explore a range of issues and found that optimum results could be achieved with a minimum amount of explosives. The results obtained from the simulations were verified with blasts at Rixs Creek Coal Mine, Australia. Based on the verification results the simulations were then modified to more accurately model the actual conditions and parameters on site and to ensure that the models derived meet the production and control requirements at the mine site. Ultimately, overall analysis and comparisons were applied to the outcomes of the conventional and air-decking blasts revealing a reduction in material consumption of around 25 per cent with consequential savings and up to a 30 per cent reduction in ground vibration.CITATION:Abdalla, M A, Laing, T and Hagan, P, 2012. The contribution of air-deck blasting to open pit mining economics, in Proceedings Eighth Open Pit OperatorsÆ Conference , pp 7-12 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Sep 18, 2012

By R Grobler, D Burger, L Alberts

The current climate in the mining industry is allowing mining companies to further broaden their views and investigate technologies to improve the safety, efficiency and cost-effectiveness of their operations. Furthermore, underground mine environments will become more demanding for mining equipment and personnel as orebodies become deeper in weaker ground conditions with more extreme environmental conditions. Loading and hauling can represent significant components of the production cycle of an underground mine and automation of these activities can offer considerable benefits. Sandvik has accumulated a long history and experience in loading and hauling automation in underground mining. Since the late 1980s Sandvik has actively participated in several major research and development automation programs leading to the commencement of the development of an integrated system for semiautomated loading in 1999. Development work was later conducted to expand the capabilities of the system for automated hauling during 2001 and the AutoMine« system became commercially available. The first delivery of the AutoMine« system was completed in August 2004 in South America, where the system continues to operate in a full-scale production environment and is being expanded as the production area enlarges. Further systems have been delivered and are operational in North America, Africa and Europe. This paper focuses on the AutoMine« system deployed in Block 4 at De Beers Finsch Mine in South Africa. An overview of the mine and the process used to acquire the system and the key drivers which led to the selection of an automated solution are described. An overview of the initial system installation, subsequent expansions and future plans are presented. This is followed by a summary of the implementation and operational experiences associated with automated underground operations. The paper concludes by summarising the benefits that have been realised.

Jan 1, 2008

By A Jewbali, R Perry, R Inglis, L Allen

"The use of conditional simulation to characterise mine plan uncertainty is increasing for the assessment of risk in mining projects. While the development of grade uncertainty profiles is relatively straightforward and can be validated using standard geostatistical techniques, the addition of geological uncertainty to evaluate total risk remains problematic. Some of the problems associated with geological uncertainty methods include the clustering of data in favourable geologic units, difficulty in training image definition and the inability to address change of support issues for categorical variables. Despite these obstacles, the importance of geological uncertainty as a contributor to total uncertainty has prompted Newmont to explore and evaluate the use of various techniques (and combinations of techniques) on different deposit types.Two orogenic deposits of different geological complexity were selected for the study: Subika, a shear zone-hosted deposit, and Merian, a deposit containing gold mineralisation associated with quartz vein zones and stockwork within which are found higher-grade quartz breccia zones. Newmont trialled various categorical simulation approaches to determine the applicability of these methods for each deposit type and the effect of parameter choice on the width of the uncertainty interval. Some of the techniques that were trialled include multiple point statistics methods, sequential indicator simulation using local probabilities as well as variations of these methodologies.The goals of this study included: gaining an understanding of which techniques may work best in which deposit types gaining an understanding of the intricacies of each method gaining an understanding of the effect that each method has on total uncertainty analysis.This paper presents a comparison of the various techniques and makes recommendations for their use in uncertainty analysis.CITATION:Jewbali, A, Perry, R, Allen, L and Inglis, R, 2014. Applicability of categorical simulation methods for assessment of mine plan risk, in Proceedings Orebody Modelling and Strategic Mine Planning Symposium 2014, pp 85–98 (The Australasian Institute of Mining and Metallurgy: Melbourne)."

Nov 24, 2014

By D Veneziano, J Van Dyck, R Snow, W Pytel, O Zanoli

Best practice standards generally recommend assessment of the environmental and societal risks posed by tailings storage facilities, but they rarely specify how the analysis should be made. As a case study, this paper describes a safety assessment of the Zelazny Most tailings pond operated by the Hydrotechnical Unit of KGHM Polska Miedz SA in Poland. The complete assessment includes a failure mode effect criticality analysis (FMECA) that considers all conceivable failure modes, but this paper focuses on one key mode, the loss of stability during the planned raising of the crest above its current level. Reliability against static dam failure considers uncertainty on the safety factor in a limit equilibrium approach. The threat of dynamic (earthquake induced) instability is assessed by developing a model of future seismicity as a function of the mining plan and considering uncertainty on the induced permanent displacements along critical sliding surfaces. We quantify the additional level of protection against outflow provided by the beach using an event tree with expert-assigned probabilities. Continuous monitoring of the dam for premonitory signs of instability and a set of loss-prevention plans in the case of a spill provide additional layers of protection; their effectiveness is quantified by estimating the fraction of the population that could be evacuated as a function of warning time. The probabilistic analysis indicates that the safety targets are met and produces practical recommendations on how to maintain and improve the safety level while the dam crest is raised above its current level.CITATION:Van Dyck, J, Pytel, W, Veneziano, D, Snow, R and Zanoli, O, 2015. Safety of a tailings storage facility against dam instability, in Proceedings Tailings and Mine Waste Management for the 21st Century , pp 253–262 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Jul 27, 2015

By R Norris, M Dunne

Mining and mineral processing is expected by society and obliged by law to operate in an environmentally friendly fashion, minimising the impact on and avoiding damage to the environment. Substantial efforts by the industry, as well as by process and equipment designers have resulted in many innovative developments, which show that operating in an environmentally responsible manner can be achieved in a cost-effective way. This paper showcases five emerging equipment best practices in industry including installation examples. Flip-flow screening machines are proven worldwide in the dry classification of coal and other minerals, reducing the size of beneficiation plants whilst reducing energy, water demand and media consumption. They also allow the screening of wet/sticky materials not able to be sized using conventional screens. The belt press filter is a small fraction of the operating and capital cost of alternative dry tailings technologies. This gives operators who must dry their tailings a competitive advantage and makes such ægreenÆ operations much more sustainable. The filtercake is disposed with other plant rejects, eliminating the need for tailings dams to be constructed and thus also often increasing mine reserves. Mining applications include coal tailings, sand tailings, sinter plant waste and power station fly ash. Screen-scroll and vibrating centrifuges are widely used in the coal, potash and salt industries to dewater the product to low surface moistures. Inclined plate Lamella separators are used for toxic water clarification and/or sludge thickening in many downstream metal industries with the underflow often dewatered in a belt filter press. Such low cost, high capacity thickeners could also be used instead of conventional thickeners at smaller mines. The simple and reliable continuous washing upward flow (CWUF) sand filters have been used for treatment of waste water from coal preparation plants and steel works as well as in the worldwide production of potable water. The filtered waste water from mining processes can then either be reused or discharged from site. Other installations include cleaning mine water to prevent the blocking of dust suppression spray nozzles.

Jan 1, 2006

By P Vaikkattil, K Li, J Bullock

Unlocking maximum value is essential when designing a stope and the associated drill and blast packets. This is becoming increasingly important at Olympic Dam as the operation continues to expand south into the new mining areas away from existing infrastructure, increasing operating costs and required capital investment; into areas with less competent ground conditions, requiring smaller stopes and increased interactions. The introduction of Orica’s WebGenTM system is one way in which Olympic Dam can continue to unlock value into the future by decoupling traditional drill and blast limitations. The Lime 390 stope was the first stope at Olympic Dam to trial the new technology on the last blast packet. This paper reviews the drill and blast design of the Lime 390 stope, including the technical and operational challenges associated with the stope and the trial of the Orica’s WebGenTM system for the firing of the last blast packet.

Mar 15, 2021

By R Memary

The environmental and economic impacts of a significant dependence on fossil fuels are affecting the future of sectors such as of mining. These impacts are prompting the Australian Government to seek solutions for reducing its dependence on fossil fuels more generally, such developing clean energy and improving energy efficiency. However, limited research has been undertaken to assess the potential synergies between clean energy and mining in an uncertain global future. This paper analyses current energy use by mining in Australia and reviews the drivers and opportunities for energy efficiency and cleaner energy technologies to be coupled to mining under three future scenarios. Linkages between mining and clean energy are investigated for three global scenarios for mining and metals to 2030, developed by the World Economic Forum (WEF), namely Green Trade Alliance, Rebased Globalism and Resource Security. These scenarios are applied to assess how they could change the barriers, opportunities and trade-offs required for the development of a more sustainable energy sources by the minerals industry in Australia.

Nov 22, 2011

By N Madani, Y Abildin, E Topal

Mine planning is a crucial part of all mining industry projects, and nowadays, geometallurgical mapping through advanced computer technologies provides an opportunity to involve metallurgical responses of a deposit into 3D block model in order to optimise mine planning activities, especially for production forecasting. Including these metallurgical parameters apart from traditional geology and grade-based attributes into resource modelling leads to an extensive approximation for the economic maximisation of mine production due to better forecasting, planning and increasing certainty and the reliability of the resource model (Macfarlane and Williams, 2014). Commonly, geostatistical techniques and algorithms are used to produce models with the high resolution (Brissette et al. 2014; Deutsch et al. 2014; Tolosana-Delgado et al. 2015). The accuracy of the modelling procedure deeply depends on a reliable block model, produced by spatial analysis of corresponding variables that define the geological, metallurgical, mineralogical and chemical behaviour of the deposit. However, there are special cases, where the application of enhanced geostatistical methods is required, to solve the occurred difficulties between variables with multivariate complexities. For example, in oxide copper deposits, the soluble copper grade is a percentage of total copper grade and recoverable by heap leaching processes (Emery, 2012; Hosseini and Asghari, 2015). Hence, the joint spatial modelling of these variables has two difficulties.CITATION:Abildin, Y, Madani, N and Topal, E, 2018. Forecast the mineral processing destinations based on spatial interpolation of geometallurgical variables, in Proceedings Complex Orebodies Conference 2018, pp 2–5 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Nov 21, 2018

By A Grace, C Sennersten, A Davie, R Lyu, C A. Lindley, O Goldstein, T Thomas, L De Macedo Camargo

Block modelling is a well-established method for modelling ore reserves as a basis for strategic mine planning and mine development. Off-Earth mining, particularly of asteroids, can benefit from block models; however, the significantly different characteristics of asteroids and their methods of mining require reconsideration of the geometry and annotations of block models. Terrestrial block models consist of rectangular prisms within Euclidean coordinate systems. Their labels and parameters typically include location within a mine-specific coordinate system, x, y and z dimensions, specific gravity, hardness, grades of metals of interest and so on.These data provide an input to mine design and strategic mine planning. Mining asteroids may require different coordinate systems (eg spherical, elliptical or cylindrical, rather that Euclidean) and attributes that vary from Earth-based block models. These include: variable gravitational vectors throughout the block modelrotational moment or accelerationrotation rates. Materials within asteroids may show different isotopic compositions. Asteroid mining has the unique characteristic of a mine being identical with an asteroid. The position of the asteroid/mine in space and its full orbital elements provide critical inputs to mission design and costing. Hence, the block model concept needs to be extended with this metadata. The orbital position and behaviour of the Earth must be included for active mine planning, and increasing automation of mine planning and operations needs to consider terrestrial weather and telecommunications infrastructure. Financial planning requires analysis of the net present value of extraterrestrial mining compared with terrestrial alternatives, so a fully automated mining enterprise should integrate terrestrial and extraterrestrial block models at different scales and resolutions. Blocks can be indexed via octrees, allowing for hierarchical scales that support analytics for deriving new knowledge and correlating features across different scales.CITATION:Lindley, C A, Sennersten, C, Davie, A, Goldstein, O, Lyu, R, Grace, A, Evans, B, Pentecost, D, Thomas, T, De Macedo Camargo, L, Craig, J, Salomao, G N, Hellicar, A, Biggins, D, Timms, G, Coombe, M, Shahriar, M S, Smith, G and Rahman, A, 2015. A multilayer 3D index tool for recursive block models supporting terrestrial and extraterrestrial mine planning, in Proceedings Third International Future Mining Conference, pp 289–296 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Nov 4, 2015

Project-finance risk assessment is mature and approached systematically. Mining industry due diligence remains fragmented with specialists addressing different aspects of the project such as reserves/JORC, environmental impact, commodity market, even financial analysis/ modelling. Each professional has a natural tendency to believe that the risk factors they have examined are the key ones necessary to be reviewed, as if their review will stand in isolation from others in the way a project materialises. By first laying out the project risk categories and risk matrices, this paper examines the due diligence process with a keen eye to the risk assessment and overlap/interaction. Some cross fertilisation of due diligence techniques from other industry sectors is placed into the mining context. Six case studies are then presented with regards to due diligence features in each projectÆs feasibility review or financial information/ offering memorandum. A power case first shows the differences between the due diligence expectations of banks versus bond financings. Then some Australian and Indonesian mining development cases are analysed to see the due diligence learning points. Some of these were project/due diligence failures. The conclusion focuses on the value of a systematic risk assessment for project evaluation, all from the project-finance perspective.

Jan 1, 2007