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Portfolio management tends to separate the functions of Asset Allocation and Stock Selection, so the person responsible for reviewing an expert's report on a company would typically be choosing between companies rather than between a company and cash or bonds. How these choices are made depends on the investment time horizon, philosophy and style. Two styles, momentum investing and value investing are contrasted and the role of valuation methods within the framework of each style is evaluated. Finally, pricing is distinguished from valuation.

Jan 1, 1994

By D Brown, K Markovic, Z Tabor

From ancient times to the modern world, the mining industry has played a pivotal role in shaping the society that we live in today. It remains an integral part of everyday life and is a catalyst for both technological and economic growth. With finite resources on Earth, and growing pressures surrounding climate change and the environment, space mining opportunities have become of increasing interest. Recent discoveries have shown celestial bodies including the Moon and surrounding asteroids, contain an abundance of critical minerals, as well as resources necessary to sustain human life. These discoveries coupled with a transition into the digital and autonomous age, offer an innovative solution to solving some of the mining challenges currently being faced on Earth. Similarly, they also offer a pathway to enabling deep space exploration and off Earth exploratory missions. However, like with mining operations on Earth, space remains and immensely challenging and complex operational environment. The inhospitable nature of space poses new challenges, including communication barriers, lunar dust, cosmic radiation, and gravity. The challenges and risks are not just technological, as Environmental, Social, and Governance (ESG) factors must also be considered to prevent unintended consequences and hazards. Furthermore, future workforce, law, financial, and security systems must evolve to enable space mining to take place. These are all known aspects to begin with, but as the complexity of the space grows it becomes apparent that a holistic approach to assess and manage these factors will be required.

Sep 1, 2024

By Lunarzewski L

Gas problems, largely instantaneous outbursts of coal and gas, arose in the early days of coal mining in Australia, leading to attempts at predrainage often including destressing. With deeper mining and new gassy areas being mined, gas problems have increased. This has led to more research, such as into coal-gas relationships, and more practical trials into seam gas drainage in both the Sydney and Bowen basins. Predrainage techniques have been devised to suit the special Australian geological conditions and to take into account the erratic occurrence of CO, (nearly 100 per cent in some cases) in the seam gas. Better mining methods and other improvements are continuing. The introduction of post-drainage has been simplified by the adaptation of long established overseas techniques and equipment.Utilisation of seam gases in Australia is complicated by the presence of CO, but even with pure CH. little has been done.Seam gas drainage has some disadvantages such as the need for, and the dangers of, complex and rigorously controlled plant. Also drained coal becomes harder and dustier.

Jan 1, 1985

By M Scoble

This paper is based upon the experiences of collaborating academics in two mining schools and their personal view of attempts to integrate the principles of sustainable development into mining education and research. In this quest, the concept of sustainable mining practices is proposed, not only relating to environmental, social and economic performance but also stressing mine safety and efficiency. These practices need to support strategies that enable flexibility and resilience within mine operations to counter recessionary cycles. Also, these counter-cyclical strategies are now imperative for sustaining mining education and research itself. There is a critical interdependence between these two different perspectives on æsustainabilityÆ. The paper concludes by demonstrating models of strategies that promote inter-disciplinarity, collaboration and networking for sustaining mining schools.

Jan 1, 2009

Mine reconciliation is the practice of comparing the tonnage and grade of material processed by the mill with the tonnage and grade of ore in the reserve model of a deposit, and with the tonnage and grade in the grade control models used to de

Jan 1, 1998

Since its commercial in Australia at Broken Hill in the early part of the 20th century, the flotation process has grown to become the single most important minerals separation method available to mineral processing engineers. Statistics on flotation are impressive both in terms of growth of tonnages treated and in terms of the variety of separations accomplished. Because of the steady decline in the grade of ores and because many of the ores remaining are finely disseminated mixtures of minerals (many of them in a highly oxidized state) mineral processing scientists and engineers are now con- fronted with the problem of improving and modifying conventional flotation techniques so as to be able to effic- iently process these more refractory types of-ores. The flotation process did not come into being as the result of an intensive fundamental research effort but, in a similar way to so many other methods used in the processing of raw materials, it was developed over the years by the continued application of empirical methods. As a result, most of the basic research in this field has long been concerned with the problem of explaining why the existing process works so well. We are now at the stage where any further substan- tial extension of the flotation process will demand a more profound understanding of its fundamental principles. Current knowledge of flotation fundamentals is still far from the stage where processes can be designed, optimized, and controlled from first principles. The extensive

Jan 1, 1984

HoistEM is a helicopter-towed time domain electromagnetic system. This paper presents details of the towed array structure (the Hoist) as well as a description of the instrumentation. A comparison between HoistEM and ground TDEM (from which HoistEM was derived) is given. Over 50 000 line kilometres of HoistEM have been completed to date and datasets for structural mapping, nickel, base metals, manganese, ground water and bathymetry are presented and discussed.

Jan 1, 2004

By Whitham M

Prior to exploitation, the feasibility of mining and recovering ore can usually be determined to a satisfactory level of uncertainty by the consideration of conceptual scenarios, using a range of reasonable parameter values. Such values are selected on experience, knowledge of other mining operations, and the characteristics of the particular deposit being considered. Having established such feasibility, it is usually considerably more demanding to determine what the optimum set of parameters might be. Yet many decisions taken at the feasibility stage represent commitments extending at least into the medium term.

Jan 1, 1991

Separating Particles by Horizontal Deflection in a Paramagnetic Fluid This paper describes the horizontal deflection behavior of particles in paramagnetic fluids under a high-gradient superconducting magnetic field. Movements of single particle were observed experimentally and indicated that they could be deflected to different positions. Based on these results, the behavior of groups of particles from ore samples was examined in the superconducting magnetic. It was found that these particles could be deflected and settled at a certain position due to the combination of gravity and magneto-Archimedes forces as well as a lateral buoyancy (displacement) force. Mineral particles with different susceptibilities and/or densities could be deflected to different positions, thus producing groupings of similar types of particles. The work described here, although in its infancy, could form the basis of new approach to separating particles based on a combination of susceptibility and density.  

Sep 13, 2010

A variety of algorithms and methods are being used by the mining industry today to map mineral resource for reserve estimation. The traditional methods including Polygonal, Sectional and Inverse Distance methods are relatively easy to understand and implement. They have served industry well for several decades and should continue to do so for the large bulk mineable deposits with very regular geometries with relatively small variation in grade.

Jan 1, 1992

By S C. Dominy

The Bendigo Goldfield is located in the state of Victoria, Australia, and is one of a number of quartz-reef fields that make up the greater Central Victorian Goldfield. At Bendigo gold particles are characterised by their very coarse nature, ranging from below 100 to over 10 000 ¦m in size. Some 60 per cent of the gold occurs in particles greater than 1000 ¦m in size. This characteristic ensures that the mineralisation is very challenging to both sample and evaluate. Diamond drilling provides a measure of geological structure, but is a poor measure of in situ grade, understating it by up to 75 per cent. Drilling combined with on-reef development, bulk sampling and geological interpretation has been used to define Indicated Mineral Resources. For grade control, a balance had to be sought between sample representivity, cost, turn around time and practicality. Sampling of extreme nugget effect deposits generally requires the use of bulk sampling in order to be representative. However, the cost and turn around time is significant. As a result, a 50 kg micro-bulk sampling system has been introduced that attempts to overcome these problems by providing a fast, practical method that can discriminate between ore and waste. As the mine passes into production, grade control will increasingly become dependent upon geological data collection and interpretation.

Jan 1, 2005

By I M. Platten, S C. Dominy

The evaluation of historical goldfields is currently topical, reflecting a high gold price, improvements in knowledge and technology. and lack of greenfield sites. Many goldfields comprise narrow gold-quartz veins which are structurally complex with an irregular distribution of gold; variable geometry and architecture; and display late deformational effects. The study of historical mine records can be an important tool during early and advanced project evaluation since it contributes to understanding the orebody, exploration target size and setting expectations. The historic Engineer Mine property is located 32 km west of Atlin, British Columbia on the east side of Tagish Lake. The economically important Engineer and Double Decker veins belong to a NNE-SSW vein set. These are narrow, commonly <2 m dilational veins with a minor sinistral strike component and of an epithermal type. Documented ore production between 1910 - 1952 is recorded as approximately 14 263 t at 39.4 g/t Au and 19.5 g/t Ag (for 18 000 oz Au and 8950 oz Ag). The underground workings consist of about 5500 m of tunnels, shafts, raises and stopes over eight levels. The mine is currently being re-evaluated. In 2011, an Inferred Mineral Resource of 41 000 t at 19 g/t Au for 25 000 oz Au (at a 5 g/t Au cut-off) was defined from historical data supported by modern drilling into the Engineer and Double Decker veins. A surface and underground bulk sampling and milling program was undertaken in 2011.CITATION:Dominy, S C and Platten, I M, 2012. Application of historical data to estimate a mineral resource at the Engineer gold mine, British Columbia, Canada, in Proceedings Narrow Vein Mining 2012 , pp 81-100 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Mar 26, 2012

Tumbling mills have been used in the minerals indusu) for occr WO years, with the design changing little, but the size of the individual pieces of equipment increasing significantly with the lowering of head grades, and the push for greater

Jan 1, 1997

Gold mineralisation at Wapolu lies within an exposed arcuate zone at the decollement contact between a basement dome of high grade metamorphics and an overlying ophiolite sequence. This contact was originally a thrust fault which has since become a decollement zone for gravity sliding in association with basement doming. Hydrothermal models for the gold mineralisation postulate an epithermal system in which fluids were channelled up the decollement with boiling of those fluids causing hydrothermal brecciation and subsequent gold deposition. The alteration assemblages, fluid inclusion data and geochemistry indicate that the upper levels of the system are exposed.

Jan 1, 1987

By Toivanen R-M, Leinonen O, Pekkarinen H

This paper presents developments in designing an integrated mine control system at Kemi mine. The aim of this paper is to present the general structure of the system and to outline some features of the process control strategies. The results o

Jan 1, 1998

By J Harmse

This paper deals with the modernisation of the brakes on an electrically coupled Blair multi-rope hoist and covers the removal of the old calliper brakes and hydraulic control system, and its replacement with brake discs, disc braking units and hydraulic control systems. The paper covers the braking requirements of the hoist, which is made up of two electrically coupled single-drum hoists, together with the theory behind the choice of brakes and control systems supplied. The paper also covers the project logistics that were required in order to install and commission the new brakes and control systems with the minimum disruption to production on the only rock hoist on a major production shaft. Items covered include the modifications to civil works, pre-installation of bearing lubrication systems, brake discs and hydraulics and the interfacing of the new hydraulic control system to the existing electric control system. It had to be designed to be compatible to a new electric drive and control system due for installation at the end of 2005.

Jan 1, 2005

By Tonks E. E

The earliest discovery and mining of coal in the northern area of the Greta Coal Measures at Anvil Creek in 1862 was by William Farthing, however, some official records attribute the discovery to Thomas Frost in 1864. Frost's discovery was examined by William Keen, government examiner of coalfields, and further prospecting was carried out. This was followed by the pioneering work of C S Wilkinson, government geologist in 1884. Subsequently in 1886 C S Wilkinson entrusted a detailed survey of the coalfield to the then geological surveyor, T W Edgeworth David.The outcrop of the Greta Coal Measures around the Lochinvar dome was mapped by Edgeworth David and as soon as he reported his discovery, the Department of Mines reserved in the interests of coal mining an area of 23700 acres, which extended between what became the South Greta and Abermain No I Collieries.

Jan 1, 1993

By F Sahlström, E M. Jolis, V R Troll, E Jonsson, K Högdahl, C Harris

"An EXTENDED ABSTRACT is available for download. A full-length paper was not prepared for this presentation. The Bastnäs-type magnetite-skarn-hosted rare earth element (REE) mineralisations are located in the Palaeoproterozoic Bergslagen ore province, central Sweden, and occur along a ca 100 km long belt of 1.90–1.87 Ga metavolcanosedimentary rocks. Ten different Bastnäs-type deposits have been sampled in order to assess the origin of ore-forming fluids in these systems. Magnetite and quartz have d18O values ranging from -2.3 to +1.1‰ and +7.2 to +8.3‰ respectively. Mineralised carbonates have d18O values between +5.8 and +7.2‰ and d13C values between -5.4 and -3.3‰. Temperature calculations based on the O-isotope composition of mineral pairs, combined with available fluid inclusion data, suggest primary mineralisation at ca 650–400°C. For these temperatures, calculated equilibrium fluids have d18O values that range from those typical of magmatic fluids (+6 to +8‰) to lower values (down to +3‰). Variation in carbonate O and C isotope data are consistent with interaction between local Palaeoproterozoic carbonate rocks (d18O = +12.5 to +19.6‰ and d13C = -1.8 to +1.7‰) and fluids of a magmatic origin. It is suggested that the Bastnäs-type REE-magnetite mineralisations formed as a result of reactions between local carbonate units and high-temperature, magmatic-dominated hydrothermal fluids during 1.90–1.87 Ga (Svecofennian) syn-volcanic activity.CITATION:Sahlström, F, Jonsson, E, Högdahl, K, Harris, C, Troll, V R and Jolis, E M, 2015. O and C isotope study of Bastnäs-type rare earth element mineralisation, Bergslagen, Sweden, in Proceedings PACRIM 2015 Congress, pp 439–444 (The Australasian Institute of Mining and Metallurgy: Melbourne)."

Mar 18, 2015

ATTENTION has recently been directed to the subject of dust production and methods of allaying same in the Broken Hill mines, so that the time would seem opportune for the local branch of the Institute to discuss certain features of an important phase of the health question in connection with underground work. Tests conducted in the Broken Hill South mine and at other mines at Broken Hill have shown that the ordinary operatioils of mining, such as boring, blasting, and shovelling, may be accompanied by the production of considerable dust unless water is judiciously used.In South Africa·dust particles under 5 microns size are regarded as dangerous, becailse they are so small as to be invisible to the naked eye, and wm esc'ape the protections set up by nature in the nose and throat, and thus may be inhaled in large quantity. A micron is 1 25000th part of an inch. This paper contains an account of the work done on the Broken Hill South mine chiefly, though some tests were done on other local mines.An acknowledgment is due to Mr. T. A. Reid, of the Broken Hill South mine, who conducted some of the tests herein mentioned, and under whose supervision most dust counts were made. Numerous dust samples have been taken by means of thekonimeter, an instrument designed by Dr. Kotze, the Government mining engineer of the Union of South Africa, and fully described...

Jan 1, 1921

Laboratory experiments have been used tostudy a wide range of convective processes which are significant for the formation of rocks and the ores that form in them. Metal-rich solutions flowing through the sea floor produce 'black smoker' chimneys; both the size and structure of a solid chimney and the height to which the plume of effluent rises above it can be predicted using model experiments. Analogues of processes in solidifying magmas can also be studied using crystallizing aqueous solutions. The release of lighter or denser residual fluid as crystallization proceeds, and the resulting compositional convection, have a vital influence on the differentiation of initially homogeneous magma and on the evolution of stratified magma chambers. Mixing during the replenishment of magma chambers, and its dependence on the rate of filling and on the fluid properties, have also been studied on the laboratory scale. Experiments carried out in different geometries have been applied here to the formation of platinum and chromite ores and komatiite lavas. Larger-scale mantle convection, in particular the motion of subducting plates and plumes rising from the core-mantle boundary, also determine the tectonic settings in which ore bodies form. These phenomena too can be usefully investigated in laboratory experiments using very viscous fluids.

Jan 1, 1990