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Valuers of mineral properties should be aware that accountants are a major user of their opinions of value. Reliance by accountants can range from obtaining comfort that book values in balance sheets are not overstated to establishing values by which to assess the fairness of a takeover offer. Accountants using mineral property valuations clearly can't be expected to have the same level of expertise as the valuer and ""second guess"" the valuation. But they do have an obligation, under the ASC guidelines and their own professional standards, to'check the logic and reasonableness of the valuation before being able to rely on it. This means reviewing the valuation report for general sensibility, discussing the methodologies and assumptions with the valuer and being satisfied as to his competence and independence. This paper outlines how accountants use mineral property valuations, the level of scrutiny applied to such valuations and the problems commonly encountered in practice by accountants seeking to rely on them. The paper also explains how values of-mineral properties are established in company balance sheets and why these often differ, quite validly, from fair market values.

Jan 1, 1994

It is often said in business that if you donÆt have a customer you donÆt have a business. The same rule applies to project evaluation; if you donÆt have customers you really donÆt have a viable project. It is therefore essential that in the early stages of project evaluation the following fundamental questions are addressed: What products will this project produce? Who are the potential customers? What are the customersÆ requirements with respect to grade and impurities? Do they have adequate capacity to take the production from the proposed project? Will the products introduce adverse effects in the customerÆs process circuits? Will additional waste streams requiring disposal be produced? In the past the attitude has been along the lines of the customer will take whatever we produce at the mine site. Times have now changed with customers now operating under much tighter environmental regulation with waste disposal becoming increasingly difficult. It would therefore be prudent that the principles of product stewardship be used as a tool in project evaluation. This paper will provide a general discussion on customer requirements and provide detail on case studies of the impact of mine products on smelter process circuits. It will provide examples where there were synergies between the mine product and the smelter circuit and where the mine product had adverse impacts on smelter performance.

Jan 1, 2007

The Musselwhite mine, located in northwestern Ontario, Canada, has been an underground narrow-vein gold producer since the spring of 1997. As an exploration project at the feasibility stage, much effort was undertaken to generate a geostatistical resource model that would integrate the orebodyÆs geological features, as well as the controls on mineralisation. Today as an operating mine producing over 200 000 ounces of gold per year, reconciliation studies of the tonnes and grades treated at the mill, with the feasibility model, for longer time periods, and with the grade control models, for shorter time periods, show results that are in good agreement. It was clearly demonstrated with the reconciliation to production, that the key to good reconciliation remains in the proper selection and application of the geological resource estimation method. The application of a grade interpolation technique capable of capturing threedimensionally pertinent geological features, as well as accounting for spatial grade continuity, proved to be successful in the predictability of tonnage and grade at the Musselwhite mine. Along with good mine practices, this approach, which was carried through to the operation, has produced excellent reconciliation results. The ongoing reconciliation studies at Musselwhite allow for a constant revision of the grade estimation strategy. In return, this optimisation process adds value by raising the accuracy level of production expectations. As this is an evolving practice at the mine site, further implementation developments are recommended to integrate these reconciliation procedures on a more regular basis.

Jan 1, 2002

By D W. Evans

Research into the dynamic properties of ground support elements continues to grow at a global level, given the increasing importance of this field of application within underground hard rock mining. Measuring the mechanical response of such elements under the rapid onset of simulated rock burst loads forms the basis for this experimental work, typically utilising gravitational drop testing methods. This field of research is fundamentally driven by an increasing need for dynamic performance data, given the constant evolution of rock bolting product designs, materials selection, combination testing and specific application needs based on ground types and loading scenarios. A smaller number of globally recognised dynamic test facilities have predominantly lead research within this arena, typically in association with academic institutes, larger industry groups and government research institutes. However, due to the increasing requirement for dynamic performance data, additional facilities have now emerged in order to satisfy the overall demand for test work. These newer facilities are more typically associated with suppliers to the underground hard rock industry, with experimental designs looking to replicate, at least in part, the work of the primary facilities. For standardisation, repeatability and calibration purposes, the cross validation of test data between primary and secondary facilities becomes an obvious and important consideration across this field of research. This paper outlines the development of a new dynamic drop test facility for testing rock bolts, including the structural design and associated high speed data capture system. Based on the utilisation of identical bolt types, material grades, anchoring systems and decoupled ‘free-lengths’, comparative data has been generated to provide cross validation of the new test facility against data generated by a globally recognised primary facility. The cross validation of data provides increasing confidence in the repeatability and accuracy of the new facility as activity continues towards the provision of further experimental test work.

Nov 29, 2022

By Walker G. S

Infrared and Raman spectroscopy have been used to study a range of solid state and aqueous solution species which are of interest in extractive metallurgy. In the solid state new Cu(II)/CN'/NH3 complexes have been detected, iron impurities in kaolin characterised, aluminium substitution in hematite and goethite quantified, and the crystallinity and orientation of zircon determined in heterogeneous crystals. In aqueous solution metal cyanide complexes and equilibria were readily characterised, the thermal decomposition of SO2 monitored and products identified, and complexation of AI(III) by hydroxycarboxylates observed. Attempts to monitor the early stages of the gelling of silicate solutions were less successful, with only changes in the gel being detected. However, the degradation of 12-tungstosilicic acid was readily monitored as a function of both time and pH.

Jan 1, 1996

By Bhattacharyya A. K

In this paper, the current methods for predicting surface subsidence due to underground coal mining are evaluated first. A single index, called a strata parameter (P), is then proposed to describe the overall character of the undermined strata in the context of surface subsidence. Based on the strata parameter, a method for predicting the maximum surface subsidence for various panel width (w)/depth (h) ratios is presented, which has been tested against specific empirical curves or data from several coalfields in different countries. From the data relating to several coalfields, a linear relationship between the reported average angle of draw and the strata parameter has been established. It has also been found that the strata parameter can be used for studying the locations of the inflection points and the shapes of transverse subsidence profiles.

Jan 1, 1995

By C Gourdon

The present study concerns a new type of mixer-settler unit where coalescence is promoted by means of the phase inversion method (MSPI). Using two different systems (alkaline etching solution û LIX 54 in kerosene and acidic aqueous solution û LIX 984 in kerosene) the influence of the total flowrate, the A/O phase ratio and the hydrodynamic conditions in the nozzles of the scattering device on the extraction and separation efficiencies are studied. Two modes of operation are clearly outlined and a theoretical model predicting the separation efficiency is proposed and compared to experimental results. A comparison between mixer-settlers with classic decanters and the MSPI unit has demonstrated the advantages of the latter where throughputs in the range 20 -25 m3.m-2h-1 can be easily realised.

Jan 1, 2000

By M Simpson, K Brodie, J L. Mauk

Subaqueous water-rock reactions that occur at the pit wall/lake water interface can affect the pH of pit lakes. Many pit lake water chemistry models neglect subaqueous reactions, which may create inaccurate predictions over time. A mineral quantification method is presented that defines the wall rock mineralogy of active open pit mines, using samples collected from the Martha Mine, a low-sulfidation epithermal Au-Ag deposit in Waihi, New Zealand. The mineral quantification method has five components: field observations and sampling, X-ray diffraction analyses, selection of representative samples, geochemical analyses, and mineral accounting. Predicted mineral concentrations closely match observed mineral concentrations visually estimated using petrographic techniques. Results of the method can be incorporated into a geochemical model of long-range pit lake water quality resulting from subaqueous water-rock reactions.

Jan 1, 2003

Cable bolts have been used extensively in the development of the footwall of the Mt Whaleback Mine as a part of the ground improvement program since 1986. High tensile seven wire stress relieved steel strand similar to that used in pre-stressed concrete and grouted in place with sulphate resistant cement have been employed for rock-mass reinforcement.Most of the footwall is developed in Mt McRae Shale which contains a 20 m thick pyritic shale layer 14 m below the ore/waste contact. Due to extensive folding of the footwall rocks, the pyritic shale layer regularly occurs on, or close to the pit slope. Rain water run-off seeping through pyritic shale becomes acidic to the extent where its pH value can be as low as 1.5.

Jan 1, 1992

Fluid bed sulphation roasting of bismuth concentrates began at Warrego in 1980 in con- junction with the recommissioning of the Tennant Creek Smelter. This process, develop- ed by Peko Mines, is used to separate copper and bismuth by converting copper minerals to a water or weak acid soluble form and then leaching. Pilot scale testwork conducted at the Australian Mineral Development Laboratories (AMDEL) and by Dorr Oliver Pty Ltd in the USA indicated that close control of bed teaper- atures and exhaust gas composition was required to ensure high levels of soluble copper. After overcoming some initial problems, the plant now achieves typically 89 percent copper extraction. Plant capacity is 2.7 tonnes/h by design but in practice this is limited by feed analysis, air requirements, cyclone operation and calcine particle size Consideration.

Jan 1, 1984

By Rao SR, Finch JA

Sphalerite flotation without Cu activation in the presence of iron ions has been reported and studied as a function of pH, dissolved oxygen content and pulp potential with both single mineral and ore samples (Leroux, Rao and Finch, 1987; Xu et al, 1992; Zhang, Rao and Finch, 1992). The flotation was attributed to ferric hydroxy xanthate. As a prelude to surface analysis to try to identify the species responsible, bulk precipitates formed from iron salt and xanthate solutions under different conditions were obtained and analysed. Analysis techniques included ultraviolet spectroscopy,infrared spectroscopy, X-ray diffraction and Mossbauer spectroscopy. It is tentatively concluded that the bulk precipitates contain three ferric components, two hydroxy xanthates (Fe(OH)2X and Fe(OH)X2) and iron oxide (FeO.).

Jan 1, 1993

By R Wynn, R A. Pax, S Mann, B Cornish

The semi-autogenous grinding (SAG) mill at the MMG Century operation has failing load cells that are essential to the control strategy used to stabilise the mill. Currently, mill-bearing pressure is used as a proxy for the load cells, but it has been found to be a noisy signal and lacking in useful sensitivity. It is also prone to variations and drift due to temperature. After consideration of a number of options, a non-contact acoustic array has been installed around the SAG mill to provide a more stable proxy load signal as well as other information about the internal operation of the?mill.The installation consists of 12 microphones to provide some detail into the operational differences that occur during normal operations at the MMG Century SAG mill. This acoustic approach acknowledges that operational grinding mills emit significant acoustic emissions that are a consequence of the dynamic environment prevailing inside them.Previous studies have attributed the acoustic noise to a range of events that occur inside these mills (Pax, 2011; 2012). Consequently, non-contact acoustic determinations of in-mill behaviour can provide powerful insights into the operation of the primary comminution tumbling mills. By measuring key microphone signal attributes at different positions around a mill, a holistic picture of mill internal operation can be developed.This paper will describe the installation of the 12 microphones and discuss the use of the acoustic load signals as a proxy for failing load cells. It will also present data from new observations of internal mill dynamics and the results of implementation of control using these acoustic signals. Key to the control approach has been the development of a logically coherent picture of the processes inside the mill.CITATION:Pax, R A, Wynn, R, Mann, S and Cornish, B, 2014. Implementation of acoustic arrays for semi-autogenous grinding mill?operation, in Proceedings 12th AusIMM Mill Operators’ Conference 2014 , pp 273–282 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Sep 1, 2014

Bauxite Resources Limited is grade drilling in its Western Australian Darling Range tenements to firm up resource definition and to develop mine plans. The Darling Range bauxite is generally in shallow deposits with minimum overburden. In the northern tenements, the ore is characterised by a higher silica layer which may extend from 0.5 to 1.5 m below, which high grade bauxite is found to a depth of four to 7 m. When grade drilling samples are taken, every 0.5 m and the recovered sample is weighed, logged and bagged. To eliminate splitting errors, the whole sample over the short interval is pulverised. Twinning holes variations are observed when using various drill rigs. Diamond core has been shown to give close to 100 per cent recovery and grades have been verified by digging bulk samples. As such, diamond core is used as the reference. It is intended to include sonic drilling as an alternative to diamond cores. This presentation details and attempts to explain the reasons for the observed variations in the various drilling methods used by Bauxite Resources Limited. This is an ABSTRACT ONLY no paper was prepared for this presentation.

Mar 1, 2010

By A McKay

The Great Artesian Basin (the Basin) is a large aquifer system underlying more than 20 per cent of continental Australia and most of Queensland. The aquifers of the Basin are an important water source for many industries, including the mining sector. The Queensland Great Artesian Basin Water Resource Plan (the Plan) was released in March 2006. The Plan provides a framework for the long- term holistic management of the aquifers in the Queensland Section of the Basin, in a manner that is consistent with the strategic management plan for the Basin as a whole. The paper describes the Basin and summarises trends in the demand for water in the Queensland section of the Basin. It describes the broad framework for management of the Basin by the individual Australian states, as well as the planning entitlement framework for water resource management in Queensland. The paper discusses the content of the Plan. This includes: the division of the aquifers into management areas and management units for management purposes, provision for protection of the flow of water to springs, limits on further allocating water, provision for a competitive process for access to new water and provision for water trading. Under the Queensland planning and entitlement system a resource operations plan is prepared to specify operational arrangements to implement a water resource plan. A resource operation plan for the basin is expected to be finalised before the end of 2006. The paper summarises the likely content of the plan.

Jan 1, 2006

More than in any other way, the community judges the minerals industry by its environmental performance. Minerals Council of Australia web site www.minerals.org.au/media/code Time is overtaking us. What was good enough yesterday is not good enough today. What may be acceptable today wonÆt be tomorrow. So we need to leap forward. We need to begin to move towards sustainability. Dick Zandee, Managing Director, Placer Dome Asia Pacific The competition for access to exploration and mining opportunities is intense. So is competition for the best people, capital and community support. Poor environmental performance damages a companyÆs ability to attract these. Quite simply, good environmental management is good business. Hugh M Morgan AO,Chief Executive Officer,WMC Limited. Decisions made by private industry and international corporations are increasingly determining the fate of the environment. ...Nothing could be more shortsighted than for todayÆs conservationists to neglect cooperation with business and industry as a means of moving company philosophy and public accountability ahead in favour of the environment. Dr Claude Martin,Director General,WWF International The four quotes above well illustrate the challenges faced by companies and conservationists in attempting to achieve the societal goal of sustainable development. That this aspirational goal itself is far from clearly defined, although it has been widely accepted and endorsed by governments, business and civil society, exacerbates the challenges. Sustainable development has as its central thesis the integration of environmental, social and economic policy. Its attainment by business has been described John Elkington (1998) as the pursuit of the ætriple bottom lineÆ - the achievement of social and environmental targets, in addition to the traditional economic bottom line. It is self-evident that business is both competent and comfortable defining and measuring economic performance and reporting that performance to internal and external audiences. As long as information has been prepared according to the established standards of measurement and reporting of economic performance, all audiences can have confidence in its accuracy. Business does not enjoy the same competence and comfort with regard to social and environmental performance. This is no startling condemnation of business, any more than it is a criticism of governments, non-government organisations (NGOs) or academia. It is a statement of fact that the tools to allow for credible definition and reporting against the other two components of the ætriple bottom lineÆ have yet to be fully developed and are, therefore, far from being widely accepted. Crucial to achieving sustainability is the ability to measure progress toward the goal. The task is to develop means to define appropriate performance standards and to credibly measure and report company environmental and social performance against those standards.

Jan 1, 2000

By D Brown, K Markovic

The world is becoming an increasingly complex environment to operate within. Adoption and evolution of technology is occurring at a rapid pace and operating spaces are growing in interconnectedness and interdependency. In mining this is evidenced by the large-scale adoption of autonomous machinery, intelligent systems, Internet of Things (IoT) devices, and robotics to realise benefits in optimisation, productivity, and safety. To enable continual delivery and growth in operational performance, and to realise the aforementioned benefits, a new approach for managing mining and metals is required (Mining Review Africa, 2023). This means that an already talent constrained workforce must learn to manage the complexity inherent, evolving, and growing in the environment (Abenov et al, 2023). A key skill that needs to be further developed and deployed to combat these challenges and to enable robust problem solving is that of systems thinking, which is already practiced in pockets within the mining industry. Experience and learning can be leveraged from other industries and their application of systems thinking to ensure that focus is maintained on areas where the benefits from which will be optimised. With targeted application, a workforce capable of effective systems thinking can be the catalyst to optimisation across mining organisations.

Sep 1, 2024

By B Reynolds

The process design for green- or brown-fields metallurgical plants typically starts with two fundamental elements: the detailed mass and energy balance and the plant flow availability. The detailed mass and energy balance is generally developed using process flow-sheet simulation software and represents the steady-state operation of the plant at normal operating conditions. The plant flow availability, also known as a range of other industry-specific terms such as ‘flow availability’ and ‘operating factor’, describes the ratio of plant production to the steady-state mass balance. These elements are then used together as the basis for equipment selection and design.Plant flow availability takes into account a myriad of production loss factors including planned and breakdown maintenance, feed availability and composition changes, variability in operational performance and the interaction of batch and continuous unit operations. The combined impact of these loss factors are complex and as such plant flow availability is usually derived using a top-down approach such as comparison to an existing operation, a group of similar operations or to an anecdotal ‘industry leading’ benchmark. These top-down approaches are fraught with risk however, as they cannot factor in changes to equipment selection, flow-sheet or plant operating philosophy, and can result in over-expenditure of scarce capital or shortfalls in plant production.The use of dynamic simulation to provide a bottom-up alternative to quantifying the plant flow availability in metallurgical plant design has been growing rapidly in recent years. It provides a technique to quantify the combined impact of the loss factors described here and a tool to support process design and equipment selection by facilitating a range of sensitivity and what-if analyses. This paper presents a case study of how dynamic simulation has recently been used to support the

Aug 8, 2011

By S Ferguson, G Noble

The mining industry is facing economic pressures to treat more challenging and lower grade ore types, as well as pressure relating to environmental impact and social license to operate. Preconcentration through bulk ore sorting has the potential to benefit all these areas by enabling mining operations to divert material of low economic value prior to processing, thereby achieving higher feed grades and recovery, while reducing the processing plant and tailings dam footprint and capital required throughout the life of mine. The effectiveness of bulk ore sorting depends on the heterogeneity of material at the measurement location, as well as the accuracy and precision of the measurement. An understanding of ore heterogeneity can be assessed using drill core data, which provides metre by metre elemental assays. This paper reviews such data and assesses the grade distributions over different scales, which suggests that sufficient heterogeneity exists at mining scales to allow the potential for bulk ore sorting. Prompt Gamma Neutron Activation Analysis (PGNAA) technology has proven to be a successful measurement technique within many industries, including mining. PGNAA was first developed in the early 1980’s for the measurement of the elemental composition of bulk materials on a conveyor belt. Today, Pulsed Fast Thermal Neutron Activation (PFTNA) technology is also applied in elemental analysis of bulk materials and has some advantages for bulk ore sorting. In order to enable effective bulk ore sorting, however, a PGNAA/PFTNA analyser must be designed to provide a representative bulk ore analysis with the necessary accuracy and precision. Examples are presented to provide an understanding of the factors affecting PGNAA/PFTNA performance in relation to effective bulk ore sorting.

Nov 10, 2020

By C Quirion

Agnico-Eagle Mines Limited, Laronde Division, operates the deepest single-lift shaft in the western hemisphere. The initial Penna hoisting plant was designed for a production rate of 1800 tonnes per day (t/d) from a 2240 m deep shaft. Exploration success, while sinking the shaft, led to a decision in 1998 to increase the production rate to 4500 t/d of ore from a loading depth of 2200 m. The new production rate was achieved by increasing the size of the rope and reducing the rope static factor from the existing 5.0 required by regulation to a static factor using the formula 25 000/(4000 + L) contained in a draft document that would eventually become SABS 0294 in South Africa. The formula permits Laronde to use a static factor as low as 4.0. The upgraded Penna hoisting system is the first hoisting plant outside of South Africa to meet the South African requirements. This paper describes the conversion of the hoisting plant to the lower rope selection factor in the year 2000 and the operating and maintenance issues experienced since then.

Jan 1, 2005

By Wilson CJN

The central Taupo Volcanic Zone is a region of intense Quaternary silicic volcanism accompanying rapid crustal extension. Modem central TVZ is the most frequently active and productive silicic volcanic system on Earth, erupting rhyolite at c. 0.28 m' s'. The rhyolites show no major compositional changes with time, but the total extent of magma chamber zonation has changed with the advent of rifting and crustal extension at c.0.7 Ma. At least 34 caldera-forming ignimbrite eruptions have formed a complex sequence of relatively short-lived, nested and/or overlapping volcanic centres in central TVZ. Taupo contrasts with other large silicic magmatic systems in the exceptionally high frequency, but small size, of caldera- forming eruptions. This contrast reflects the thin, rifted nature of the TVZ crust, that precludes the development of long- term magmatic cycles at Taupo.Within central TVZ, non-rhyolitic compositions have been erupted apparently irregularly in time and space; in particular there is no evidence for a geographic separation of basalts from andesites. TVZ is a rifted arc, but its segmented nature, high thermal flux and voluminous rhyolitic volcanism make it unique on Earth.

Jan 1, 1995