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Criteria for the manipulation of commodity markets are discussed. Against the economic background of the past twenty five years actual attempts to manipulate markets are evaluated.

Jan 1, 1985

The seemingly insatiable world demand for mineral and energy products is continuously pushing out the frontiers of exploration and development in countries around the Pacific Rim.

Jan 1, 1990

It is indeed an honour to address the perth branch of the australian institute of mining and metallurgy and to have the opportunity to talk to you about the future role of upgraded ilmenite on t102 feedstock supply and demand. There have been many papers written on upgraded ilmenite supply and demand and now I would like to share with you QIT's view of the situation first, a word about demand, although I will be talking principally on the supply issue. The principal use of t102 is in the manufacture of pigments which, in turn, are used in paints, plastics, and the paper industry together with a few miscellaneous uses, while a further b% or so of t102 minerals are consumed for the manufacture of titanium metal and for the manufacture of welding electrodes. the total demand for contained t102 is of the order-of 3 million tons per annum, and the general consensus in the industry is that growth rates should be of the order of 2% annually- it is against this backdrop that suppliers must compete with one another and produce least cost materials for the pigment industry. At the moment, supplies are relatively tight, but the generally slow growth in demand coupled with the abundance of titanium bearing minerals should ensure that long term the reverse is generally true. Now, let us examine the supply situation. Titanium is the 9th most abundant element in the earth's crust, so the problem from the producers` point of view is not one of scarcity of titanium minerals, but of how to extract most economically t102 feedstocks from a wide variety of choices- up to the present, all titanium feedstocks are being derived from either rutile or ilmenite rutile, at about 95% t102 content, is indeed a premier raw material which does suffer from potential scarcity and rutile supplies will likely be a diminishing factor in future decades- whereas ilmenite, a combination of iron and titanium oxides found in varying ratios, may be found in huge quantities all over the world.

Jan 1, 1986

Many of the discrepancies that appear when comparing the results of reducing machinery are due to the nature of the materials reduced and the conditions under which they have been treated. It is therefore necessary that manufacturers should employ standard materials in their tests that sufficiently approximate the substances to be ultimately treated if the information is to be of any value to the purchaser. Another advantage to be gained by employing universal standard materials is that by their means one is enabled to compare the relative values of different types of machines. At present much of the data meted out to the public is insufficient to enable them to judge fairly. Of course the best test would be to send some of the stone tor which the machine is required, to be treated by the various crushers in the market that are likely to be suitable for the purpose, but this is not always possible. It would not take long to become accustomed to judge of the value of a machine for a specific purpose if it was guaranteed to work a certain quantity of some standard rock, even if that standard were not identical with the material to be treated.There are many points to be considered before selecting a machine, such as the size of the rough stone it will take, the size to which it will reduce it the proportions of various grades made when crushing to pass through a given mesh the form of the delivered particles the time taken to treat a+ certain quantity the horse-power required to drive the machine, both when loaded and unloaded whether constructed to crush wet or dry the wear and tear of the machine its total weight and weight of the heaviest part the cost of machine what attention it required whether the wearing parts are readily replaced, and several other points common to all machinery. 'When considering these varying quantities, we can tell at a glance certain machines that are suitable for a particular sort of work, and can then compare those belonging to the same class, thus avoiding errors made purposely or through ignotance by persons interested in different machines, who frequently compare machines originally constructed for.

It is a commonplace of our industry that prices of most minerals have been historically weak during the 1980s. The International Monetary Fund's index of prices of metals fell 25 per cent between 1980 and 1982, rose slightly in 1983, and has since fallen further. In December last year it was 37 per cent below its 1980 average. The few temporary exceptions to the mineral industry's malaise highlight the excess capacity, which largely explains the weakness of prices. The industry has painfully come to recognise that more satisfactory prices will not be restored until supply capability and demand move back into better balance. Mine capacity was installed in the expectation of much faster growth of demand than has occurred. For a variety of reasons mine and plant closures have been insufficient to restore equilibrium to the market-place. The industry may, therefore, have to resign itself to continued weak prices for some years more, at least by the yardstick of the 1970s. Growth rates of demand have slackened off in line with economic activity, and in response to continuing substitution and technological improvements. To the extent that the recent weakness of oil prices stimulates the industrial countries' activity, demand for non-fuel minerals may grow faster than most forecasters now predict. It is, however, much too early to say how long the weaker oil prices will persist, and even more difficult to estimate their probable effects. In typical post-war business cycles the usual response to recession was to batten down the hatches, and ride out the storm. Sooner or later, and probably sooner, demand resumed its previous trend path, and prices recovered. The market, in effect, bailed mines out of trouble; the more efficient could make attractive pre-tax profits whilst even the poor to mediocre could earn a satisfactory living. Prices rose at least as fast as general inflation, and in the early 1970s much faster. In retrospect those price rises of the early 1970s were historically abnormal but they did not appear so in the prevailing inflationary climate of the time. When the market failed in the early 1980s many of the hardest hit companies looked for scapegoats.

Jan 1, 1986

By A Bennett, A Peck

BHP has recently constructed a Hot Briquetted Iron Plant at Port Hedland in the Pilbara region of Western Australia. Supply of iron ore fines to the plant is by conveyor from the companyÆs existing Nelson Point stockyards. The conveyor passes under Port Hedland harbour in a concrete segmentally lined tunnel, approximately 1030 m long and with a 5.1 m external diameter. The tunnel was constructed by a Tunnel Boring Machine (TBM) which both excavated the ground and erected the tunnel lining. The tunnel was bored between cut and cover in situ concrete portal structures, the TBM being launched from the Finucane Island side towards Port Hedland town. The alignment required lengthy gradients of 1:6 on either side of the harbourÆs dredged channel, under which the tunnel is bored with a minimum clearance of 8 m.The tunnel is fitted-out with:1800 mm belt conveyor capable of 10 000 tph;walkway along which a specially designed inspection/ maintenance vehicle can run; andtunnel services including power, light, fire detection and suppression communications, water mains for wash down and sumps and pumps for drainage.This paper gives a general overview of the design and construct contract, important aspects of the design and the construction process itself.

Jan 1, 1999

It is indeed a pleasure to be here this morning to open the 4th Mill Operators' Conference. It is no mean feat to organise such an event and I would like to congratulate the committee for the work that they have done. I am sure that the Conference will be an outstanding success. I welcome overseas visitors and hope that they gain and share in the openness of this Conference. There is personal satisfaction for me to speak to you as a mining engineer addressing a large group of metallurgists and mill operators. I would have thought that it would be impossible for a mere mining engineer to inform a metallurgist of anything. I will desist from using such derogatory terms as "xanthate munchers", "bubble makers" and "glorified mathematicians". Terms of endearment as these may not be seen with much equanimity. Such is the warm association that the two professions have enjoyed over the years. The economic climate that we at present face is a major problem to all of us. I wonder how many people here come from mining operations that are in trouble financially or that are cutting back in one form or another. This is the recession that we needed to have. When the world's greatest treasurer can tell us that then we truly have a lot to fear. The present downturn can be seen as a normal adjustment in the cycle of our business. Yet the world does not experience such severe adjustments as frequently as we experience ours. The root cause for the regular adjustments can be placed at the feet of inflation. Until the politicians of this country of ours can come to grips with inflation, we will continue to experience downturns on a 5 to 7 year cycle. This, in my opinion, is the basic reason why we appear to experience more downturns than the rest of the world. We simply price ourselves out of the market. This takes about 5 to 7 years to be highlighted and then we need to make adjustments. However, this recession is worldwide. The adjustments usually take the form of redundancies, retrenchments and early retirements. What is the solution?

Jan 1, 1991

By N Madani, N Battalgazy

Geostatistical simulation has been widely used in mineral resource classification of metalliferous deposits based on international standards such as JORC code which is one of the most extensively used around the world for reporting the mineral resources and ore reserves alongside with objectives of the companies (Sadeghi, Madani and Carranza, 2015). However, the modeling process becomes challenging whenever the relationship between the variables of interest is complicated and cumbersome to model. This characteristic sometimes manifests itself in complex spatial and global cross-correlation measures, deeply depending on the formation and genesis of the deposit. The objective then is to generate the models that not only reproduces these significant characteristics, but also, it leads to a better understanding of a mineral resource estimation and successive decision-makings. In this respect, there are different approaches taking into account the spatial correlation structures, for which can be classified as independent simulation, co-simulation, and factor-based methodologies. In this paper, three techniques: Turning Bands Independent Simulation (TBSIM), Turning Bands Co-Simulation (TBCOSIM) and Projection Pursuit Multivariate Transform (PPMT); from those aforementioned approaches are selected to model two cross-correlated variables (Iron and Aluminum Oxide) belonging to an Iron ore deposit located in Brazil, in order to examine which methodology better reproduces the corresponding complexity in terms of local correlation measure. CITATION: Battalgazy, N and Madani, N, 2018. Mineral resource assessment in complex ore deposits based on international standards, in Proceedings Complex Orebodies Conference 2018, pp 79–81 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Nov 21, 2018

Australia is a leading producer of mineral sands and according to U.S. Bureau of Mines, produced 24, 53 and 64% of world's production of ilmenite, rutile and zircon respectively in 1983. The industry which is mainly export oriented earned in export income about $210 million in 1985. The dominant position which Australia occupies in world produc- tion of mineral sands is also maintained in many areas of research and development work on the processing and application of these minerals. Some of this research which is leading the world has been responsible for setting up industries to produce value-added and high-tech products such as synthetic rutile and partially stabilized zirconia (PSZ). The production of high purity zirconia is due to commence shortly while research in rare earths offers an exciting prospect for future Developments.

Jan 1, 1986

The paper describes some of the economic and human factors associated with haulroads on Mount Whaleback, a large open pit iron ore mine. These factors have combined to encourage formation of a specialised road maintenance crew which caters for haulroad construction and maintenance. Techniques used for design, construction, operation and management of haulroads are then described. Future developments are expected to effectively lower construction costs leading to an even wider application of the techniques described and consequent improvement in temp- orary roads and overall truck performance. INTRODUCTION Mount Whaleback is a large truck/shovel open pit iron ore mine located in the Pilbara region of north Western Australia. Annual production capacity exceeds 100 million tonnes per annum of waste and ore. The truck haulage fleet comprises WABCO 120 52 WABCO 3200 22 74 of which approximately 45 are operating at one time.

Jan 1, 1982

An Ore Reserve Estimate aims to foreqast the impact of the complex mixture of factors which constitute a mining and milling operation. The factors are pulled together in the Mine Plan which then constrains the reserve estimate. At the Zinc Mine at Broken Hill the complexity of the ore lodes highlights some of the factors which affect the ore grade estimates and at Elura the different metallurgical characteristics of the ore types influences their economic viability.

Jan 1, 1990

By Farley RJ

The use of D-H Vacuum treatment at the Waratah Works of Commonwealth Steel Coy Ltd is broadly discussed in relation to the wide variety of products manufactured by the Company. The metallurgical features of the process are considered and related to the quality benefits deriving from its use.

Jan 1, 1972

The eastern Asia island-arc systems are regarded as specific marginal structures having the common features of geological development and deep structure. The notions on deep structure of island- arc systems are based on the data of studies of the mantle and low-crustal xenoliths. Analysis of location of deposits and ore occurrences of different ages within island arcs in comparison with, the processes of deep heat and mass transfer allows us to develop a-model of mobilization, migration and accumulation of ore substance in the "crust-mantle" system.

Jan 1, 1987

One major aim of the operation of Aberfoyle's matte fuming pilot plant was to assess refractories performance in the process working vessel, a SIROSMELT furnace. High wear rates were expected and whether these could be tolerated was an important question. During operations a range of refractory types was evaluated in both insulated and water cooled furnace designs. Furnace operations enabled lining wear measurements to be made. Results confirm that existing technology can solve any expected refractory problems. Design aspects that should be included in commercial furnaces are shown.

Jan 1, 1984

By Lynch A. J

The success of the Australian mining industry depends on the quality of its skills. High quality skills supported by a culture which demands success lead to innovations, good practices and prosperity. Average skills lead inevitably to mediocrity. Universities play an essential role in the development and use of skills but the crucial industry-university links have been subordinated to conventional academic interests in training mining and processing engineers. It is only in the area of post-graduate research degrees which are oriented towards the mineral industry that Australia can claim world leadership. Deficiencies are not due to lack of training resources, they are due to inadequate utilisation of the resources that are available. Australia can and should have the world's best mineral engineering school, with a branch in Asia where many of its customers are and close ties with South America where some of its production operations will be. Some steps which might be taken to achieve this are proposed.

Jan 1, 1995

By J Lim, M Powell, P J. Scales

The current philosophy employed in the design of mineral processing plants effectively involves bolting together segmented unit operations both chosen and optimised from a product-centric perspective. In this context, integration of water saving technologies at an overall plant level becomes difficult and often only local water efficiency improvements are feasible. In general only limited benefit can be obtained from such add-on solutions. It is therefore proposed that to obtain significant savings in water consumption and reductions in the volume of discharged contaminated water in the mining process, the entire process along the mining and mineral processing chain should be addressed This paper explores aspects of the processes that may be modified to provide an integrated and combined step change saving in water consumption. It is also apparent from this study that taking a more holistic view of the process can provide significant benefits in energy savings and total cost of production, providing the potential of a substantial win-win outcome.

Jan 1, 2009

Most mining projects will involve some level of financial markets price risk. This is because commodities are generally traded in $US. The project will also incur costs in $A and if based in Australia will seek to generate a return in Australian dollars. Therefore the project faces commodity, foreign exchange and interest rates risk. As a business you may wish to maintain these risks within your business. However if the project requires financing to be provided then the financiers will want to ensure that there is a level of certainty attached to the cash flows to support the debt repayments. This is achieved by hedging the financial market risks. Traditionally the hedging process has been based on underlying assumptions within project models, which incorporate views on the direction of the underlying price risk. These views can be formed in an ad hoc manner. Gathering information from a variety of sources including economic forecasting and modelling, technical analysis, seeking market expert views. However, given the historical accuracy of such forecasts locking into long-term fixed hedging arrangements can create an inflexible environment that can restrict the opportunity to benefit from the underlying volatility of financial markets.

Jan 1, 2003

By Wilson O. A, White R. W G

The Mount Morgan mine occupies a unique place in the mining history of Australia and although not as glamorous during the second phase of its existence, it made a significant contribution to the technical and financial history of the nation throughout its life. The stories of the intrigue surrounding its discovery and early operation, the enormous return received by its original investors in its first five years as a public company, its influence on the local, national and international scene to its final closure have been documented in many publications, the most recent and authoritative being by John Kerr (1982). Institute publications as far back as 1911 have documented details of the mining, metallurgical and engineering practices of the two companies which worked the 100 or so acres which were alleged to be `the richest single gold mine in the world'. Within the Institute records appear the names of Presidents, Institute Medal recipients and others connected with Mount Morgan who have played an important part in the Institute history.

Jan 1, 1993

Management at all levels continually strive to optimise, or make the most of resources available to them. Daily, decisions are being made on how to most efficiently locate and exploit an ore body, then process and market the recovered metal. At one level this optimisation process in the Australian mining industry appears to be successful, for example, witness the improvement in productivity and reduction in operating costs through the 1980s. Yet, at another level the industry's performance has been appreciably below expectations as measured by rate of return criteria. Companies likely to exhibit superior performance are those that are able to co-ordinate, through good planning, the optimisation process at all levels of the organisation. An important role for general management is therefore to provide the context or boundary conditions in which optimisation can Proceed.

Jan 1, 1991

Human resources (HR) practitioners use a general suite of tools that they adopt to suit their company needs and profile. This paper will cover the main areas of a selection and recruitment process from applying for a job, resumT writing, participating in an interview finalising the job offer. A holistic recruitment process has many facets to it. These processes can be quite sophisticated and technical but at the end of the day they are designed to identify talent. A recruitment process will generally include: ability testing (usually online);telephone interview;face to face interview;behaviourally based interviews;psychometric assessments;presentations;simulations (independent or team based); and assessment centres, etc. Understanding the basis of these tools will go a long way to prepare you for the job market, enhance your performance in a recruitment process and stand you out from the pack.

Jan 1, 2008