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Some only types of bank finance are appropriate for mining development, with conventional fixed rate finance having significant limitations of flexibility. New, innovative and flexible instruments have recently been utilised within project financing packages. A strictly limited number of specialist project finance banks exists, with the necessary specialist personnel able to address project cost-competitiveness, cost and commodity forecasting, joint venture negotiations, and completion and sales undertakings. Different techniques of internal bank appraisal are applied, with the usual equity investment project valuation criteria being seldom useful for loan assessment purposes. Company attention paid to the preparation of a sensitively structured bankable presentation can prove most effective for securing development project finance. Substantial scope is possible for savings of time and money.

Jan 1, 1983

Most of the world' s continental' shelves are .primarily . esozoic-Tertiary phexicmena. Those ,of south,eap- ern Australia are' no exception, although cam-plicated by possible TTmelon-seed" type block upthrusts in the region of the Bass Strait (e.g. King Island, Wilson's Promontory etc.) These terraces represent the progressive infilling and seaward. outgrowth of enormous volumes of tern g_enous sediments into the marine environment. Asa consequence they constitute the preferred habitats, of, petroleum.The Gambier ,sub-basin forms part of the southern Australian-continental terrace where it opposes the (3000 fathom), Jeffrey deep. The'purpose of'this paper is to discuss its nature, structure,_ and developmental history in re-lation to its oil prospects.

Jan 1, 1962

By J Naser, M Tuck

This paper reports a computational study using computational fluid dynamics (CFD) in a mine ventilation system. Ambient air is injected to a rectangular mine drive through a circular duct. Moisture evaporates from shaft wall depending on flow properties of air in the drive-duct system. The physical process involves simultaneous momentum, heat and mass transfer. A species transport equation is employed to account for the moisture concentration in air. The momentum equation is solved using standard k- model, while energy and species transport equations are solved using standard expressions for moisture evaporation rate and heat flux from the drive wall. The aim of this paper is to investigate effectiveness of CFD simulation in relation to mine ventilation in a drive where a significant mass transfer phenomenon occurs. Results from simulation are compared with existing data from a site in Victoria.

Jan 1, 2005

Grinding is probably the single unit operation that requires the largest capital investment and operating costs in an ore beneficiation plant. Because of that, a great deal of research has been concentrated in the theory, design and operation of grinding equipment, in particular ball mills. To-date, the models developed to describe grinding in tubular mills are macrophenomenological and can be divided into two categories: energetic and kinetic models. This paper presents a new approach to modelling ball mill grinding: The Operational Model. The theoretical aspects of the model as well as a comparison with existing ones are discussed. The concepts of the model, summarised in easy-to-operate PC programs, permit the calculation and design of new ball mills, and a critical evaluation and optimising of mills in operation.

Jan 1, 1993

The Granites Gold Mine has far exceeded the design capacity of 300,000 tonne per annum during its first sixteen months of operation. The presence of considerable free coarse gold has made it imperative that the gravity section operate at maximum efficiency. The inadequacy of acid digest- ing facilities and trying climatic conditions prompted management to initi- ate investigations into the use of Intensive Cyanidation as an alternative method for upgrading gravity concentrates prior to smelting.

Jan 1, 1988

By S C. Dominy

The Minerals Education Australia program is offering a tertiary learning environment for the global mining industry. The Minerals Council of Australia has instigated this initiative, which is run by the Minerals Tertiary Education Council. The program is a pioneering partnership between the Australian minerals industry, Australian governments and key Australian universities. It is designed to deliver key undergraduate and postgraduate courses for tomorrowÆs minerals industry professionals in the fields of geoscience, mining and minerals engineering and metallurgy. The flagship course for geoscience professionals is the G3 Masters program. This is a coursework-based degree supported by the Minerals Tertiary Education Council, and a partnership between James Cook University, the University of Tasmania and the University of Western Australia. These partners represent the leading-edge providers of minerals geoscience education and R&D in Australia. The G3 program provides the full spectrum of post-graduate training skills in exploration, mining and economic geology topics.

Jan 1, 2003

A short study showing how first dry fill and later hydraulic sand fill has allowed mining to continue immediately adjacent to worked out areas in a mine 75 years old. This paper is a case study of filling in an old mine where for 30 years filling was not important until ground troubles were experienced after a series of parallel shrink stopes were pulled empty., Dry fill was distributed from the surface via a system of passes and conveyor belts. With the stabilization of the ground it then became possible to continue mining beside and above the old stopes using totally sealed and decanted hydraulic sand fill. A brief description of the dry fill is given and then more technical details of the hydraulic fill. The necessity for a well trained and experienced hydraulic fill crew is discussed along with the problems of filling small stopes in broken ground.

Jan 1, 1973

As the gold price, and consequently ore reserves, improved in the late 1970's, a programme of upgrading the gold recovery circuit at the Phoenix treatment plant at Central Norseman was initiated. The introduction of oxidised ore with a high clay content from the North Royal open cut caused a reduction in thickening and filtering capacities, which in turn restricted plant throughput and increased gold losses in the residue solutions. Test work into alternative washing facilities showed that the installation of a five stage counter current decantation system would restore throughput and reduce soluble gold losses. Installation of the system achieved the objectives of increased plant tonnage, increased proportions of the high grade oxidised ore in the mill feed and decreased gold losses in the residue waters.

Jan 1, 1978

Thermo Fisher Scientific is a supplier of samplers, instruments, analysers and consumables to the mining industry under the Thermo Scientific brand. The critical need to provide a representative sample to the analyser has played a pivotal role in product development. Products discussed are the Analysis and Sampling Station (AnStat) for mineral slurries, the Coal Quality Manager (CQM) and the prototype Bore Hole Analyser (BHX) with optional drill chip recovery system. Analytical techniques used in the above products are XRF, PGNAA and LIBS respectively. The company also designs and supplies conventional mechanical sampling equipment and complete sampling systems for bulk material applications (historical Ramsey brand). These products and application of them are presented.

Jan 1, 2008

By F Jullian, L Jofre

Many maintenance managers find it difficult to justify investments in maintenance improvement initiatives. In part, this is due to a tendency by mine managers to regard maintenance purely as a cost centre, and not as a process able to influence productive capacity and profit. It is also hindered by a lack of alignment between commonly used maintenance performance measures and key business drivers, and the lack of formal business training amongst maintenance professionals. With this in mind, a model to assist maintenance managers in evaluating the benefits of maintenance improvement projects was recently formulated. The model considers four cost saving dimensions. These are: 1. reduction in the cost of unplanned repairs and maintenance,2. increased or accelerated production and/or sales,3. spares inventory reduction, and4. reduction in over-investment in physical assets and operating costs. This paper discusses the application of this model and a number of numerical examples are given to justify investments in maintenance improvement projects having varying objectives.

Jan 1, 2006

By Granholm S

The current emphasis within the mining industry to reduce the cost of production has stimulated interest in the fields of maintenance and operational reliability of capital intensive mining equipment. From an economic point of view, high reliability is desirable to reduce the maintenance costs of the systems. Two graphical methods consider reliability analysis. The first one, the method of Total Time on Test (177)-plotting deals with the reliability data which are free from trend and serial correlation. The second method which is based on time dependent modelling approach deals with the data which are not free from trends and serial correlation. The examples show how these graphical methods can be used to calculate the optimal maintenance intervals for components or systems.

Jan 1, 1991

By P C. Pistorius

Previous mineralogical investigation of all effluent flotation streams of Mimosa mine (Zimbabwe) indicated that appreciable amounts of liberated platinum-group minerals (PGMs) of the Pt-Pd-Bi-Te class are not recovered û despite electrochemical measurements showing interaction between xanthate and such minerals. In this work, the flotation recovery of synthetically prepared Pd-Bi-Te was compared with that of chalcopyrite (a typical fast-floating mineral) and pyrrhotite (a typical slow-floating mineral), with microflotation tests. These indicated Pd-Bi-Te to be a fast-floater with flotation rates exceeding that of chalcopyrite. Predicted flotation rate constants (from the Ralston model) were significantly lower for small particles (with diameters similar to those lost to the effluent streams) compared with those of particle with intermediate sizes. This supports the suggestion that losses to effluent streams are caused by particle size effects.

Jan 1, 2005

I stand here as a financial advisor who has been particularly close to the whole concept of reporting, independence and all the issues that are brought together in Release 149. However, I was asked to introduce this session by dealing with matters of Prospectuses, Part B's, 3J3's, 12G's and other requirements to report. Now I find it very interesting that one of the keynote issues is whether or not one should have a panel from which one chooses the so-called expert, and this is to deal with the question of independence.

Jan 1, 1989

By Pirvics AI, Whitworth NR, Tuppurainen JMI

Process control applications to the unit operations in both the Lead and Copper Smelters are reviewed. The basic aim of this control is to smooth plant inputs to produce an output of consistent quality in terms of chemical composition, temperature and physical properties. Most effort has been put into the process bottlenecks, namely in the process baghouse of the Lead Smelter and in the Copper Smelter reverberatory furnaces. The method of approach is discussed, firstly extensive plant measurement and data logging plus identification of factors which most affect the unit operation and secondly control of these factors to smooth out variations. This has been possible due to the development in-house of on-line instruments to measure the critical variables and the external use of computers for plant control. Some of these instrument developments are also briefly discussed.

Jan 1, 1984

Regional problems, such as political risk and debt reschedulings, in Pacific Rim nations coupled with the price volatility of gold mean that multi-faceted financing packages are needed to offset the many risks inherent in a new gold mine development. The cross-border risks of getting money back out of a producing mine may require the involvement of export credit agencies, multilateral government banks, or political risk insurance. Variations on forward gold sales, gold loans, or offset structures can also enhance the flexibility and safety for the providers of both the debt and equity. The region will become as large a gold producer as South Africa by 1990. The large dollar amounts for both investment and revenues realised are of great significance to the economies of many of the Pacific Rim countries especially as a means to increase foreign exchange earnings.

Jan 1, 1987

By Aust M. I E

IT is the custom, I must admit, for a presidential address to be a review of the progress during the year of the institution presided over, and of the sciences and arts within its ambit. On this occasion precedent is departed from in favour of a subject by request.As man has at last, in employing gravimetric and electrometric methods of subsurface research, started on the rational use of divining rods with some knOWledge of their governing laws and principles, and with some ability to interpret the results obtainedfrom them, I was asked to add to the voluminous literature of the quack or empiric divining rod. James Mansergh, the author of Melbourne's sewerage system, in his presidential address before the Institution of Civil Engineers in 1901, admitted he was afraid touse the hazel rod lest in sinking on its indications to some solution.

Jan 1, 1928

By Anderson D

Investigation of a water inflow into Wongawilli Mine in the Southern Coalfield of New South Wales included algal analysis. The determination of algae in the water suggested an external water source. An alternative hypothesis proposed that algae are inherent in a coal mine environment. Investigations to determine the validity of these hypotheses and provide information on the viability and longevity of algae under adverse conditions were conducted in the mine and the laboratory. Results indicated that a mine environment is not natural to algae and is not conducive to their growth. These findings support the hypothesis of introduction of surface water to the mine workings. They indicate that, in the absence of other available techniques, algae can be an effective tracer for use in the determination of a water source.

Jan 1, 1988

By J F. Penrose

To obtain cost-efficient financing by way of securing an optimal credit rating, the operating and market risks of a single-asset mining project should be accommodated in the financial structure. Weak financing structures can cause projects to fail, as evidenced by the Murrin Murrin and Bulong examples; these can be compared to the investment-grade structure of Straits (Nifty), which managed operational, market, and financing risks well. Most mining projects are capital-intensive, and have heavy dependency on debt financing. A weak financial structure may result in the early failure of an otherwise sound and economically viable project. Appropriate management of technology, construction, and management risks generally will get a project built; of the project failures that occur, most are caused by a liquidity crisis as the project goes through ramp-up (the transition period between completion of construction and full operation). A projectÆs viability can be enhanced through sound hedging practices, while poor hedging can increase the likelihood of financial default.

Jan 1, 2003

Large scale rhyolitic volcanism is an important process at some convergent plate margins because it leads to chemical differentiation of the upper.-crust and is responsible for the production of long lived near surface thermal anomalies; the Taupo Volcanic Zone is.a Quaternary example. The main features of the magmatic systems-of the zone. are the existence of large high level chambers containing homogeneous silicic magma which erupt at intervals of thousands to tens of thousands of years. Geochemical work on the deposits resulting from these eruptions has shown that with few exceptions the magmas have been remarkably uniform in their . composition throughout the history of the zone although individual batches with lifespans of the order of. one hundred thousand years can be recognised by subtle differences in trace element ratios. Basalt is a rare proportion of the rocks exposed at the surface but has played a major role as a medium for heat transfer and as an end member in chemical mixing processes.

Jan 1, 1987

The bureaucracy in Victoria has worked against exploration and mining development. There is no doubt that the new Mineral Resources development Act has simplified matters on the mining side of the system. However, WMC's Bendigo and Deep Lead experiences demonstrate that other parts of the bureaucracy can cause serious delays. The mining industry continues to view the approval process causal of excessive costs and delays compared with other States (and countries) and prohibitive to investment in Victoria.

Jan 1, 1992