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

Jan 1, 1983

By W Wu

The prospect of discrete element modelling (DEM) being used as an everyday design tool for transfer chutes in the iron ore mining industry is becoming more and more probable. However, much care needs to be taken to ensure accurate results are obtained. Whilst there are many publications in industry portraying the potential of DEM, there is little evidence of where it has been validated against a real set of experimental results. The purpose of this investigation was to gauge whether the incorporation of the physical properties of a specific bulk material at the DEM pre-processing stage can yield visually and numerically accurate simulations for a simple flow case. Effects such as irregular particle shapes, varying frictional properties and coefficients of restitution, all found through experimentation were investigated. Video analysis was used to compare simulations to real flow cases. It was found the most critical attributes in determining the accuracy of the simulations were particle shape and wall friction. Keeping the particle-to-wall friction factor constant was not sufficient to describe the flow accurately. But by introducing the varying effects of wall friction with consolidation stress, the correct results were simulated.

Jan 1, 2007

By D Cliff

"Recent underground coal mine incidents have again raised the issue of: under what circumstanceis it safe for personnel to re-enter the mine? Mine rescue guidelines make recommendations aboutthe limits in terms of the circumstances, lives at risk, no lives at risk and training exercises. Theseare based upon percentages of the upper and lower explosive limits. Many factors infl uencesett ing limits for safe re-entry. These include: the representativeness of the sampling location(s),the rapidity of gett ing an underground sample analysed and the rate of change of the atmospherebeing monitored. Value judgements based upon these parameters will then infl uence the sett ing ofa trigger point based upon per cent explosibility. This raises the question of how the percentage ofthe lower or upper explosive limit is established. It is easy to defi ne this when the sampling pointdata sit on the fresh air limit line. However - what value is used when the sample sits somewherein the body of an explosibility diagram? This paper explores the various options and illustratesvarious pitfalls and problems that are faced in making such a determination. These include howthe data are represented and the assumed knowledge of those doing the interpretation."

Jun 1, 2012

The history of the down draught Dwight- Lloyd system of iron ore sintering in Australia is developed. Characterisation of the broad process is given for one plant, and regional divergences from the reference practice are noted and briefly analysed. The subject of the development of high basicity sinters is introduced, and regional differences in approach and results are Examined.

Jan 1, 1972

The only functional underground Coal Mine in Nigeria is located in Enugu in Anambra State. For some years now the mine has been beset with a perenial problem of flooding. This has hampered produc- tion and some time ago the mine was abandoned. Recently money and equipment were made available to reactivate the mine. Attempts are now made to increase production as it is very much below demand. However, there are problems as the mine is below the water table under some major rivers and any advance exposes men and equipment to water surge. The paper traces the different attempts made to dewater the mine and the problems encountered in producing coal in this mine.

Jan 1, 1988

Applications of chlorine metallurgy to the extraction of metals often result in the production of volatile metallic chlorides, most of which condense directly to a solid phase at 1 atm pressure. A stirred-bed condenser suitable for the recovery of these materials is described.The unit, developed from the concept of a fluid bed condenser, has the advantages of versatility of operation and ability to control fog and dust formation. Test work using aluminium chloride vapour (as an example of a volatile chloride) gave recoveries approaching 100 per cent. The yield was dependent upon halide content of the vapour, flowrate, and, to a lesser extent, upon coolant temperature. Analysis of the heat transfer dataindicated condensation side coefficients in the range 10 to 30 B.T.U./hr sq. ft. 0p.

Jan 1, 1971

By He BQ

Static attachment of bubbles to solids is contrasted with dynamic attachment in flotation cells. The times of contact during particle-bubble collisions in dynamic attachment are compared with the induction time determinations and the kinetics of thinning of the liquid films separating solids and bubbles. The thinning is examined mainly in terms of electrostatic and dispersion (van der Waals) contributions to the disjoining pressure existing in the films. The local heterogeneity (on a molecular scale) of charge distribution invariably present at all interfaces (even at conditions of zero zeta potential) calls for some means to minimize possible electrostatic repulsions which arise when the electrical double layer at the air-bubble interface begins to overlap that present at the solid surface, on encounter between particles and bubbles. It is postulated that dipoles of frother molecules, owing to their ability to "flip over" (polarise), replace localized electrostatic repulsion by attraction within fractions of a milli- second, as long as the structure of the frother molecules is sufficiently "bulky" to maintain diffuse films (of mixed collector-frother) at the air/liquid interface of bubbles. The relaxation times of dipoles (signifying their "flipping over" ability) have to be shorter than the collision times between particles and bubbles for particle-bubble attachment to be facilitated under dynamic Conditions.

Jan 1, 1984

By Roberts AW

Bulk materials handling operations depend on efficient storage and gravity flow facilit- ies. ,It is important that proper attention be given to the complete storage bin or stockpile and feeder combination. The paper briefly des- cribes the principles of efficient feeding and discusses the common types of feeders under practice. While ideally unaided gravity flow should be sought, occasions arise where flow promotion is necessary. Various types of flow promotion devices are described and their operational features evaluated.

Jan 1, 1978

By Ham G. I, Just G. D

The model considers a range of design parameters and operating condit- ions and evaluates the significance of these in the ultimate design of a mine. It also considers organizational features associated with the mining method and examines the inter-dependence between operations. An important characteristic of the model is the use of both stochastic and deterministic methods to study the behaviour of the complete mining system. The simulator selects the appropriate unit operation, computes and records its time, performs it and then calculates the production and cost data. Output is in the form of shift, day, week or period repor-ts. These reports will indicate problem areas such as restrictions in the production network for a given set of conditions. The likely effects of alternative means of solving these problems can be evaluated by changing the original input. Such information could be used by the mine management to select an

Jan 1, 1974

This paper is essentially an address, rather than a detailed presentation of facts, because the third edition of `Nuclear Electricity - An Australian Perspective' has just been completed and will be available for the seminar. That 96-page booklet contains a lot more information than The AusIMM would be prepared to print in the seminar proceedings. Hence I have kept this paper brief, and ask readers to obtain a (free) copy of Nuclear Electricity at the seminar or from The AusIMM. It can be read as a supplement to the paper (or vice versa). According to one of Australia's well known critics of nuclear power, Professor Ian Lowe, `the pro-nuclear lobby's predictions of the future use of nuclear energy .... have been regularly and consistently wrong by large amounts, always overestimating the future demand for uranium" (Aust. Society, April 1989). While I do not accept this as a bald statement applying to all those in favour of increased use of nuclear power, there is sufficient truth in it for it to be credible. Certainly in the 1950s and the 1960s, when the new technology for producing controlled power from atomic fission was first being commercialised, there were some very exaggerated projections of the role of nuclear power. Many people thought that it would take over from fossil fuel fired electricity generation in much the same way as the motor vehicle took over from horse-drawn transport. And these early projections were not simply concerned with electric power generation, they included excavating harbours and digging canals with nuclear explosives.

Jan 1, 1989

By D Phillpotts, S M. Mantsho, P Strobos

A challenge on many industrial flotation circuits is controlling concentrate mineral grades using measurements that are provided infrequently. The mineral grades in concentrate streams are a critical performance indicator in any industrial flotation circuit. Failure to achieve concentrate mineral grade targets has significant financial consequences on a flotation operation. A violation of a gangue mineral grade limits by the concentrator may also result in significant penalties. Online grade analysers which can provide reliable real-time grade measurements are essential for effective grade optimisation. The Blue Cube MQi analyser (by Blue Cube Systems) has recently come to prominence for its ability to rapidly determine mineral concentrate grades online and in-stream. This has provided excellent insight into the actual process dynamics in the flotation circuit, and hence enabled real-time control and optimisation of concentrate mineral grades. MintekÆs Measurement and Control division, specialising in advanced control solutions for mineral and metallurgical industries, has had the opportunity to link the FloatStar Grade-Recovery Optimiser to the measurements provided by the Blue Cube system at a nickel concentrator plant. The project initially focused on stabilising the final concentrate grade without directly accounting for nickel recovery. The site later procured additional Blue Cube MQi analysers, resulting in the expansion of the FloatStar Grade-Recovery Optimiser to incorporate recovery component in the performance. This site already had the FloatStar Grade-Recovery Optimiser for several years, but the original grade measurement device was unreliable and ultimately failed. The system was reactivated once the Blue Cube system was installed, replacing the old analyser.CITATION:Mantsho, S M, Phillpotts, D and Strobos, P, 2012. The implementation of FloatStar grade-recovery optimisation control solutions using Blue Cube online grade analysers on industrial flotation circuits, in Proceedings 11th AusIMM Mill OperatorsÆ Conference, pp 363-368 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Oct 29, 2012

By Newell RB

Grinding circuits are used in most mineral processing plants. Their widespread application makes the efficient running of the circuits essential to almost all resource projects. This paper will show that, with the application of modern multivariable control techniques, improved plant performance can be obtained when compared with conventional single loop control strategies. Results are presented for a simulated closed-circuit ball mill.The grinding circuit was controlled using the rod-mill water and primary and secondary sump dilution flowrates as the manipulated variables. Variables controlled were the primary cyclone feed flowrate, the primary cyclone feed density and the particle-size measurement (percentage smaller than 75 um).

Jan 1, 1985

Response of a mineral to anionic and cationic flotation reagentsvaries with the nature of the mineral and the particle size. A ruleis deduced for the selection of the correct type of reagent, which leads to a simple method of testing ores to determine the possibility of separating the constituents by flotation.

Jan 1, 1963

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

Completing its historical role the opera tion of copper blast furnace of the Saganoseki Smelter was terminated in 1970, but it left some interesting data on metal lumps formed at the furnace bottom. Analysis disclosed the lumps to be speiss containing 100 to 10,000 g/t of Au and Ag and stratified to iron speiss and copper speiss. Solidifying temperatures of iron speiss and copper speiss being approximately 1,090¦C and 800¦C respectively, copper speiss precipitated at the lower side. The distribution coefficient of Au and Ag between matte and speiss (g/t Au(Ag) in matte / g/t Au(Ag) in speiss) is in the range of 1 x 10 2 to 2 x 10 ' and 1 x 10 1 to 5 respectively. The higher Cu % is in speiss, the-more An and Ag are distributed into speiss. Except for a few data, these results comfotm well to the range of distribution equilibria of Au and Ag in matte and speiss systems by Gerlach and Others.

Jan 1, 1980

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

For the past 40 years, underground trucking using diesel powered or electric wheel driven vehicles, either conversions of surface trucks, or purpose built, has been the preferred means of ore and waste transport in underground mining. The relatively low capital cost, flexibility and requirement for minimal infrastructure means that trucking systems are selected in the early stages of a mining operation. An increase in the carrying capacity of trucking systems with dimensions to operate within existing development excavations is the solution to long term ore and waste underground haulage systems using trucks. The next generation of underground trucks will be low profile articulated trucks with carrying capacities up to 60 t.

Jan 1, 1998

By K H. Esbensen

The critical role of representative sampling is featured and illustrated by selected examples from the geosciences and beyond. As there already are many demonstrations of the potential (and potentially large) economic consequences of ignoring proper standards with respect to representativity, eg for mining and minerals processing companies, which æstand to lose millions of dollars by failing to optimise exploitation of their mineral resourcesÆ, such need no further iteration here.This keynote lecture, rather, takes a point of departure from the opposite perspective: what is to be gained by a scrupulous stand for representativity? Honesty, reputation, credibility, market advantage - is what!CITATION:Esbensen, K H, 2012. The critical role of representative sampling, in Proceedings Sampling 2012 , pp 9-12 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Aug 21, 2012

By Tominaga Y

Mine ventilation control is one of the most important techniques to suppress the disastrous region within a limited area, to have enough time of emergencies (ignitions, fires and so on) for underground workers. The purpose of this paper is to introduce the simultaneous controlling of mine ventilation by using, micro computer connected to various kinds of sensors. In this study, basic of mine ventilation and graph theory are used for making computer programs when the characteristic curves of fans and temperature distribution in an underground roadway network are given.

Jan 1, 1981

By McGuckin P. H, Logan A. S

The BHP Minerals' Cannington silver-lead-zinc deposit is located approximately 190 km south-east of Mount Isa. The deposit, is hosted by Proterozoic rocks beneath a thin cover of younger sediments, and contains a total estimated resource of 45.3 million tonnes at 11.1 per cent lead, 4.4 per cent zinc and 500 g/t silver. The deposit is separated by faulting to form a shallow, lower grade Northern Zone and a deeper, higher grade Southern Zone (Roche, 1994). Contract development of an exploration decline to test mineralisation in the Southern Zone commenced with the excavation of a boxcut in August 1993. The complex variably deformed Proterozoic sequence interpreted from drill core and intersected in the exploration decline has required a high level of practical rock mechanics input to achieve: ò appropriate support designs, ò a high quality of installation, and ò required development advance schedules. The Norwegian Tunnelling Index (Q System) in conjunction with regular face mapping is used as an operating tool to assist in decision making for ground support. Line mapping, discontinuity analysis and wedge assessments are conducted routinely to optimise ground support requirements in the decline, intersections and all other underground excavations. Throughout the project, an emphasis has been placed on developing a strong working relationship with the contractor to achieve quality assurance program targets.

Jan 1, 1995