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Completion of a project requires two separate money-focused activities, namely economic evaluation of the cash flows underlying the project (before financing) and if the economics look promising, how it can be financed. Economic evaluation might be best led by a person with a technical-operating background, whereas financing might be best led by an accountant. Both should be presented in simple language with easy to understand models. Economic evaluation has a sad and bad history because it evolved from the fringes of accounting. Anyone can become a self-appointed practitioner. Some still take pride in mathematical complexity without realising that they distance themselves from the decision-makers and alienate other team members. Today there is no evaluation modelling consistency across the mining industry and this reflects poorly on our discipline. It is not tolerated amongst our peers in engineering and accounting. In 2009 æbest practiceÆ economic evaluation modelling is well defined. It is:easy to follow;tailored to its purpose;transparent;discipline, rigour and consistency;recording of all source data; and hencequick to audit. Mantra: If you cannot readily understand my model you do not have a problem, I do! The task of the economic model is to make the range of business cases underlying the decision easy to understand. Intellectual power is used to simplify the decision to its key issues and risks and to present the full range of possible business outcomes in readily understood terms. Project team members, management and the board must be able to make their decisions with æeyes wide openÆ. A steering committee should be established to develop a set of standards and practices that could be adopted for economic modelling within the industry. The industry needs to purge itself of the undisciplined economic evaluation modelling that now characterises the discipline.

Jan 1, 2009

ILZRO sights are locked securely on the targets of the expanded applications and ever-improving quality in the major market for zinc-coated steel. A wide range of ILZRO-sponsored research projects examine issues of formability, paintability, and corrosion resistance for traditional hot-dip galvanising, electrogalvanising, and ILZRO's own proprietary zinc coating, Galfan. Recent research has focussed on the on the interaction between Galfan and different substrate steels to determine optimum combinations for different applications. ILZRO enjoys an evolving role in providing the connection between research laboratories and marketing divisions through supporting research and services for the Galfan Technical Resource Centreò(GTRC) and the recently formed North American Galfan Development Authority (NAGDA). GTRC has just produced a new problem-solving manual that provides a comprehensive source of hands-on solutions for the many Galfan licensees throughout the world, and should contribute substantially to the reputation of Galfan as a consistently top-quality steel-coating product. Meanwhile, NAGDA is advancing the market with new advertising for Galfan based on superior corrosion-resistant qualities proven through ILZRO-sponsored research. Practical manufacturing issues remain at the forefront of ILZRO priorities, with research emphasis on cutting and welding zinc-coated steel to provide direct assistance towards improved product quality and a more secure market. Moving to the arena of die casting, when the specifier looks to zinc to fill a design need, ILZRO-sponsored research projects provide comprehensive documentation on metallurgical characteristics for every zinc alloy under almost any imaginable application. On-going ILZRO-sponsored research is integrating this wealth of data with sophisticated computer programs that model die-casting designs with ever-increasing accuracy, as other ILZRO projects lay the market groundwork for zinc in applications ranging from vibration damping to electromagnetic shielding.

Jan 1, 1993

By S Shafiee, N Abbate

The evaluation of mining projects requires a methodology that will give flexibility and manage the existing uncertainty within the projects. The discount cash flow (DCF) and other traditional evaluation approaches, which are widely used in evaluating a significant number of mining projects, have simply assumed that the main variables remain constant in their evaluation; elements such as discounted rate, mine life, operating cost and production rate. The DCF ignores managementÆs flexibility to adapt and reforecast and revise decisions. Real options valuation (ROV) is one of the modern evaluation methodologies that provide a tool to adapt and revise mining projects under uncertainty and future variables movements. ROV brings more variables into the evaluation model compared to DCF and assumes them as uncertain and dependent. Finally, ROV provides a range of solutions that can assist in managing this flexibility.This paper endeavours to compare ROV and DCF for mining projects comprehensively and applies these two techniques in the model. The paper shows that ROV will be inclusive of extra value in mining projects due to variables not allowed for, or even ignored, when the DCF model alone is used. One of the significant advantages of the ROV method is being able to evaluate mining projects under different scenarios from the inception of the projects. Furthermore, ROV gives the ability to evaluate the mining project while allowing for abandonment, temporary suspension, or expanding the mining project. In other words, the ROV evaluation process creates an analytical environment, which allows for optimisation of the mining plan within the mining project, as well as the ability to change the capital structure dependant on existing circumstances over the life of the project. The ROV is a new evaluation method that can add value in mining project analysis and offers opportunities to amplify gains, or to mitigate losses. This paper also discusses some of the reluctance to use ROV instead of DCF in current project evaluation.CITATION:Shafiee, S and Abbate, N, 2012. Now, this is the time for mining companies to choose - Real option valuation or discount cash flow, in Proceedings Project Evaluation 2012 , pp 225-234 (The Australasian Institute of Mining and Metallurgy: Melbourne).

May 24, 2012

By Bishop I, Toon S

To determine whether 130 felt earth tremors around Edwinstowe, Nottinghamshire U.M, which also experienced severe surface fissuring, were caused by coal extraction, a surface seismometer array was established around Thoresby Colliery. Over the next year, 785 microseismic events were detected. The spatio- temporal seismicity patterns are clearly associated with the commencement, continuing extraction and closure of faces. Of particular note are events which locate at the surface and appear to be related to the active fissuring. Events occur within days of commencement of production and cease when production finishes, with good correlation between face advance and hypocentral position. Naturally occurring microseismic events have also been detected up to 1 km ahead of active longwall faces in the Midlands using triaxial geophone packages grouted into the seam together with a surface seismometer in the top of the borehole. The quality of these data were very high and guided waves can clearly be seen with the dispersive characteristics associated with seam waves. In one experiment more than 2000 events were detected in only two days of monitoring even in a relatively noisy surface environment. This paper demonstrates how very accurate locations (5 10 metres) can be generated using three-component digital data from only one borehole. The surface seismometer and the borehole P-wave onset can give extra precision for the height of the event relative to the seam. The event distributions give a dynamic, three-dimensional image of the developing patterns of fracturing above, below and ahead of the longwall face with important implications for roof control, subsidence prediction and gas Migration.

Jan 1, 1992

By A Trench, S Ulrich, S Hagemann

A synthesis of reported All-In Sustaining Costs (AISC) for 57 Australian gold mines in the period 2014–2016 reveals for the first time the clear influence of grade upon cost performance, most evident in gold-only underground mines. Past syntheses of costs on a single quarter basis have viewed grade as potentially subordinate to other factors such as production scale, mine geometry, mineralisation style and a combination of other mining-related costs. Better understanding of the grade to cost relationship on both an individual mine and whole-of-portfolio portfolio basis is needed. Insight into the roles and trade-offs between other cost-determining factors will aid the future sustainability of the gold mining sector in Australia and assist in targeting prospects for future resource growth and development. While the overall trend is toward higher-grade mines displaying lower costs and vice versa, the grade to cost functions appear radically different between mines based on time-series data. The median cost of Australian gold production in the final quarter of 2016 was A$1081/oz. The threshold for lowest cost quartile production was A$965/oz. Underground production now dominates Australian gold output – with 71 per cent of ounces originating from operations that are either entirely underground or hybrid pit/underground mines. Scale economies are evident, with smaller mines predominately among the higher cost producers. For mines of equal grade, open pit mines are lower cost than underground operations. Reserves are modest, with a median mine life for underground operations of 4.7 years based on current production rates. Reserve additions at mines are likely constrained not only by the finite nature of mineralisation at each mine but also by the geometrical difficulty of accessing suitable drilling locations to test for reserve extensions.CITATION:Ulrich, S, Trench, A and Hagemann, S, 2017. Towards an understanding of production costs at Australia’s underground gold mines, in Proceedings 13th AusIMM Underground Operators’ Conference 2017, pp 241–250 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Oct 16, 2017

By J Zhou

Gold in sulfide ores is associated predominantly with sulfide minerals and occurs as both microscopic and submicroscopic particles. In non-refractory sulfide ores, gold occurs mainly as coarse- and medium-grained particles. Minute inclusions and submicroscopic gold usually account for a minor portion. In contrast, gold in refractory sulfide ores occurs mainly as minute particles and submicroscopic gold, and microscopic gold usually accounts for an insignificant portion. In gold ores containing carbonaceous material, the preg-robbing nature of carbonaceous material may impose challenges on gold extraction and cause gold losses. To extract gold from refractory sulfide ores, the ore needs to be finely ground and preoxidation is often required. Sulfide host minerals must first be oxidised to create a porous structure through which the cyanide leach solution can penetrate to reach the colloidal gold particles. The oxidation is traditionally achieved by roasting, autoclaving or bacterial oxidation. In carbonaceous sulfide ores exhibiting a preg-robbing nature, the carbonaceous material needs to be treated by roasting, autoclaving or other means to minimise the preg-robbing effect. As a predictive and troubleshooting tool, the gold deportment study plays an important role in gold metallurgy. It determines the deportment of gold in an ore or mill product and identifies the mineralogical issues that may affect or may have affected gold extraction. The information acquired from a gold deportment study can be used to assist in process selection, flow sheet development, recovery improvement and reagent optimisation.CITATION:Zhou, J, 2013. Deportment of gold in sulfide ores and implications for gold extraction, in Proceedings World Gold 2013 , pp 433-442 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Sep 26, 2013

By J Manuel, A Trudu

Regulations on the emission of particulates from sinter plant stacks are becoming increasingly stringent and reducing these emissions by improving gas cleaning systems is a significant cost to the sinter plants. This paper describes an investigation into the emission of particulate matter from an iron ore sinter bed during the sintering of a Japanese Steel Mill (JSM) style ore blend in a 300 mm diameter pot grate test facility. Several techniques were trialled to determine a reliable method to sample the quantity of dust emitted and determine the mechanism of dust emission from the sinter bed. The nature of the dust was also examined using chemical and size analysis as well as optical and scanning electron microscopy. The paper discusses the techniques used to carry out the program as well as results on dust loading measured during sintering and the nature of the dust captured.

Jan 1, 2002

During underground mining, rock mass changes can occur as a function of the mining sequence and excavation processes. Mining-induced rock mass damage can occur due to redistribution of static stresses and the application of dynamic stresses from blasting and seismic activity. These rock mass changes can result in a degradation of strength of the bulk rock mass and the remaining rock surrounding existing excavations. Rock mass damage near existing excavations which lead to excavation-scale instabilities such as rock fall, excavation closure, or visible rock mass fracturing can detrimentally affect the safety and profitability of mining operations.The focus of the current work was the prediction and assessment of damage to mine infrastructure occurring in relation to the blasting of a sublevel open stope. The study case involved a 60kt stope located in a highly-competent rock mass at a large Australian sublevel open stoping mine. The mine infrastructure of interest for investigation included local stope access development, critical access and haulage development crossing a regional-scale fault, an explosives storage magazine and a ventilation return air raise. The methods used to predict or assess the blast-induced damage to each infrastructure element in response to stope extraction were:- intact rock strength testing,- discontinuity mapping,- linear-elastic static stress modelling,- blast-damage mapping,- near-field blast vibration monitoring and analysis,- geophysical assessment using inferred stiffness and wave velocity methods, and- post-extraction void assessment.The results of the detailed blast damage prediction and assessment program at the mine site have been discussed by the primary author elsewhere (Fleetwood, 2010). The current work will address blast-induced damage to mine infrastructure as a result of extraneous blasting vibrations from stope production blasting. A method for predicting the amplification of excavation surface motions from reflecting body waves will be discussed as well as the results of damage mapping around the study stope. The results of the damage mapping program identified blast-induced damage that occurred to the surface of the explosives storage magazine and local stope access development. No damage was observed at the main fault crossing or return air raise where higher vibration amplitudes were measured or predicted.

Dec 6, 2010

By Toussaint LF

A brief history of the mineral sands industry is given from a radiation protection standpoint, with gamma radiation and inhalation of radioactive dust being identified as the main sources of radiation exposure of persons working in the plants. The principal sources of gamma radiation exposure are identified and the history of early bagging methods is discussed. The concept of ALARA is introduced and the impact of the "bulka bags" (and more effective monazite storage facilities) are detailed as illustrative examples of dose minimization, together with the requirements for the transport of monazite. The dose from radiation received from inhaled dust is dependent on a number of parameters of the dust, some of which are not well known. ICRP 30 (1978) makes recommendations relating to the intake of radionuclides by workers. These recommendations are discussed with respect to the inhalation of dust containing thorium. The possible pathways of radioactive material throughout the body are also described. The effect of having parameters that differ from ICRP 30 is discussed and suggestions are made relating to measurements that can be carried out to more accurately determine these parameters. Since in some instances the exposures to dust yield personal doses which may exceed the annual ICRP 30 based limits, it is necessary to define more accurately parameters of the dust so as to determine more accurately personal Doses.

Jan 1, 1986

By Marshall B, Gee R. D

Geological data processing by machine enables'an increased rate of coverage, better supervision and control of field programmes, increased effectiveness of field operators, and vastly improved access to old and new field data. Even a system of restricted felxibility enables a mapping programme to be organ- ized and conducted independent of personnel changes, whilst elimination of much compilation time increases the rate of cover- age such that it relates to mode of transport and geological complexity rather than to personality factors. A machine is useful only if applied to tasks suited to its capabilities, and must be aimed at those types of mapping in which a limited number of attributes adequately define the problem, and the data is of a form suited to coding and is normally collected in sufficient abundance to make compilation wearisome. Machine systems are therefore unsuited to most types of lithological mapping and to most types of exploration in new areas, but have proved useful in many branched of cartographic geophysics (e.g. gravity and magnetics), and in cartographic Geochemistry.

Jan 1, 1969

By Riley S. J

The basic aim of mine planning is to design mine layouts and schedules that achieve optimisation of operations, minimum cost and maximum resource recovery. Successful accomplishment of this aim is facilitated by timely and comprehensive rehabilitation planning commencing at the pre-feasibility stage and continuing until the end of mining. Incorporation of a final landfomt design for waste rock dumps in a mine plan requires a prediction of surface stability, which may be achieved through erosion modelling. Erosion prediction models can be placed in two broad categories: soil loss prediction models eg USLE and CREAMS, and geomorphic models such as SIBERIA. A waste rock dump landform design based on selected slope form and grade and drainage systems should be developed as part of planning. A digital terrain model (DTM) of the landfonn should then be produced which can be modelled for long-term erosional stability using pre-determined parameter values. If acceptable standards of stability are not achieved, the landform should be redesigned and remodelled until the desired result is obtained. The planning process incorporating models requires knowledge of spoil or waste rock properties and model parameter values. This information is site specific and can be obtained from drill cores or costeans at the pre-mining stage and from spoil or waste rock during the mining stage. Realistic model parameter values are critical in post-mining landfonn design and can be obtained by several methods, including rainfall simulation, monitoring, geochemical analyses and grain size analysis.

Jan 1, 1994

This paper investigates the adequacy of current gas monitoring techniques to adequately detect spontaneous combustion in underground coalmines. Despite being in the 21st century spontaneous combustion continues to occur in underground coalmines sometimes being detected only at a very advanced stage. Control of the incident is often then very expensive and time consuming. The adequacy needs to be assessed not only from the point of view of the analysis technique be it tube bundle, gas chromatograph or real time sensor but also the number, location and sampling frequency of the monitoring locations. Recommendations are made to optimise monitoring processes and recognise limitations of current techniques.

Jan 1, 2005

Is your company paying taxation on profits which are partly illusory?ò Are unions making wage demands based on erroneous notions of the real level of value added to your companyÆs production?ò Do you receive historic data on profit contributions by different products, or for different market areas, which you feel may be misstated?ò Do you find that cash is not always readily available to pay dividends out of reported earnings because, it is required to finance additional working capital without a real increase in the level of activity?ò Are your planning and budgeting routines hampered by the need to rely on historic financial data which bear little resemblance to what the future may hold for your company?ò Are you able to maintain your business at its optimum operating capability or do you feel each year that it becomes more and more difficult to achieve the same volumes of prdduction at the same level of return on assets employed without having to raise more capital?If your answer to any of these questions is "yes", then it is very likely that Current Cost Accounting (CCA) has something to offer you!characteristics of the mining industry and for single venture mining operations.

Jan 1, 1984

By A G McLean

This paper will first discuss the fundamental requirements for reliable discharge of backfill by gravity alone at high per cent solids. This discussion will include brief mention of the underlying principles of saturated solids flow contrasted to that of stirred tank or dilute discharge systems. Here the need to possess full knowledge of the flow properties of the stored material will be highlighted. In regard to attainment of reliable discharge it will he revealed flow from a backfill silo will only occur provided: ò the flowing material in the converging channel is yielding throughout; ò slip is occurring along the walls; ò an arched stress field is present in the vicinity of the outlet; ò the flowing backfill must be dilating to flow in response to the dilating stress field; ò sufficient dilation water is injected, in the hopper, to eliminate the formation of adverse interstitial pressure gradients; ò sufficient dilution water is injected, downstream from the hopper outlet, to generate a pumpable slurry of maximum per cent solids; ò the silo level must be sufficient to prevent the pump suction forming a rathole; ò the system must be configured and operated to generate stable discharge density; and ò the system must be configured and operated to minimise damage to the pump liners. In addition proper account must be made of the silo overflow weir and settling capacity to match plant throughput. Here opportunity will be taken to highlight the complexity of this multi-phase flow situation as well as the general yet paramount requirements for reliable solids flow. It will be shown that by proper attention to the multi-phase considerations gravity discharge of slurries as a consolidated bed with minimal water content is possible. Such high solids discharge results in greatly reduced demand for process water. In addition pumping costs are reduced as is the delay time associated with the mine drainage operation. Confirmation of successful applications will be highlighted by reference to several recent case studies. In the concluding phase mention will be made of the key yet very simple and effective operation techniques which enhance reliable Discharge.

Jan 1, 1998

By Barber C, Buselli G

Detailed monitoring of point sources of groundwater pollution is expensive due to the high cost of drilling monitoring boreholes. Whether groundwater pollution is due to mining, industrial or domestic waste disposal, a universal difficulty when monitoring groundwater contamination is the placement of boreholes to adequately define the extent of the pollution plume. This paper reports groundwater 'resistivity variations determined from transient electromagnetic soundings at a domestic waste disposal site north of Perth in Western Australia. Together with available hydrogeological and water quality data, the geophysics provides a broad "plume scale" picture of groundwater contamination. A simple three dimensional model of plume development, which takes account of the dimensions of the wastes, has also been developed and shows good agreement with the spread of contamination indicated by the geophysics for relatively small values of the dispersivities. Better estimates of these parameters are still required. The work indicates that a combination of geophysics and modelling with ground-truth data from groundwater quality monitoring of boreholes is required to avoid difficulties in interpretation of data and to better define the extent and migration of pollution in Groundwater.

Jan 1, 1988

By Mauk JL, Arehart GB, Mathews SJ

The banded nature of the quartz veins which form the Empire lode at the Golden Cross mine, is perhaps their most striking feature. Petrographic studies show that significant differences occur between the bands in terms of textures, quartz grain size, calcite, adularia and kaolinite content, and the form, concentration and mineralogy of sulfide phases. The 818Oqu i values of individual bands within the vein material range from 7.3-10.9%x. Calculations show that the 818Oqäa,u values can be adequately explained by temporal variations in the system temperature, boiling and/or variations in the systems fluid/rock ratios.

Jan 1, 1995

Hydraulic backfill is generally retained in slopes using permeable barricades. Mitchell et a! (1975), Mitchell (1992) and Grice (1989) have shown that under normal drainage conditions, barricades experience low levels of loading. Cowling et a! (1988) have also shown that barricades are susceptible to piping failures if excess water has ponded on the upper backfill surface and if leakage of backfill from the barricades has occurred. During 1997, six hydraulic backfill barricades failed in four different Australian mines. Fortunately, in each case, the quantity of backfill slurry released was small, and no injuries to personnel nor damage occurred. Detailed investigation of two of the incidents showed that the primary cause of failure could be attributed to the delivery of excess quantities of transport water from the low-density slurry. For each of the incidents investigated there was evidence of the development of piping failures, which resulted in hydrostatic loading conditions on the barricades from the ponded water on the upper backfill surface. The circular failure surfaces in the barricades were characteristic of the application of point loading Conditions.

Jan 1, 1998

The New Southern Railway (NSR) involves the excavation of approximately 10 km of single bore tunnel from Tempe Reserve, Tempe, to Prince Alfred Park (PAP). PAP is located just south of Central Railway Station in SydneyÆs Central Business District (CBD). From Tempe Reserve the alignment takes the tunnel under Sydney Airport including the main north/south runway. Sydney Airport is approximately 8 km south of the CBD. The NSR is being constructed by a private group, the Transfield Bouygues Joint Venture (TBJV). Transfield is a major Australian contractor and the French contractor, Bouygues, is providing the soft ground tunnel construction expertise and is also responsible for the design of the concrete segmental lining. This paper sets out to present in some detail the issues involved in tunnelling under the airport and in particular under the north apron, the main north/south runway and the new elevated roadway. The paper concentrates on these three areas on the airport with an emphasis on the following. The risks involved and measures taken to minimise the risks in tunnelling under the International Terminal north apron (with Jumbo Jets parked immediately above). Secondly, settlement predictions, settlement and runway operation criteria and the actual settlements that have occurred on the main north/south runway. Finally, the criteria that was developed during the construction of the deep bored piers for the elevated roadway at the Domestic Terminal as the TBM passed through this area of construction activity.

Jan 1, 1999

By R Thompson, D Tulloch

"Wet-weather or 24×7 wet-trafficability is a commendable design objective for unpaved mine haul roads, but practically often difficult to achieve, due both to the road sheeting material selected, and also its breakdown under the action of traffic and environment. Accidents allied to wet-trafficability issues, either due to rain or often more commonly, over-watering of mine roads, is increasing and especially the loss of control or uncontrolled vehicle movements categorisation. The dominant system failure is that once vehicle control is lost, control cannot be regained.The friction supply, or ‘skid resistance’ of a mine haul road sheeting is critical to the safe operation of the road and data has to be collated concerning the variation of friction supply with sheeting material engineering or indicator properties. In the light of the paucity of data existing in this field, this paper presents the contributory research that informs the development of improved and validated unpaved mine road friction supply estimates, based on a number of mine site evaluations across a range of sheeting material types and characteristic parameters, leading to improved predictive models of friction supply.Results from this preliminary review will enable operators to assess their road sheeting materials, improve and validate unpaved mine road friction supply estimates. This will contribute to improved road design, management and 24×7 operability decisions and contribute to a reduction in heavy vehicle loss of control incidents on gravel-surfaced mine haulage roads.Citation:Thompson, R and Tulloch, D, 2016. What's Stopping You? The Role of Sheeting Material Selection in Safe Haulage Operations, in Proceedings Ninth AusIMM Open Pit Operators' Conference 2016, pp 253–264 (The Australasian Institute of Mining and Metallurgy: Melbourne)."

Nov 15, 2016

Results of investigations on adsorption and desorption of CO M CH and a mixture of the two gases are described.4 Results showed that even when the equilibrium conditions contains 50% Co and 50% CH4, the gas emission in the initia' stages will contain as much as 80% CH . 4 The temperature has a small effect and so also particle size for 1.4-11.2mm. The ratio of CO2/CH gases adsorbed in coal samples depends upon t4he equilibrium pressure and this ratio decreases with pressure. Results of field tests support laboratory studies.

Jan 1, 1988