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The valuation of resources companies is open to a huge amount of subjectivity. Not only are valuations subject to fast changing assumptions, such as commodity prices, exchange rates, ore grades, etc., but there is also no common agreement on the methodology to be used. To borrow from Malcolm Fraser, life wasn't meant to be easy for the resource company valuer. I will demonstrate three recent examples of valuations carried out but where the market or actual transactions done show very different results.

Jan 1, 1989

The reasons for including treatment of water in Whites and Intermediate open cuts in the overall rehabilitation strategy are given in the introduction. The target quality of the treated water also is discussed. Equipment selections are reviewed and reasons given as to why certain choices were made. The differences between this plant and an ore dressing mill are highlighted. An outline of the operating procedure is included along with a basic flowsheet. Cost estimates are briefly Discussed.

Jan 1, 1984

The three main types of iron ore deposits in Australia are bedded, massive and residual. Some character- istics of iron ore, important in its process behaviour, are related to its mineralogy which is a result of its geological history. World iron ore resources are extremely large but there are problems in quantifying re- serves, defined as that part of re- sources from which a useable commodity can be extracted economically. The relationship between the discovery and exploitation of iron ore resources and the process of industrialization is examined in historical and present day contexts.

Jan 1, 1976

By Miskelly N

The Joint Committee of The Australasian Institute of Mining and Metallurgy (AusIMM) and the Australian Mining Industry Council (AMIC) have published a Code for the Reporting of Identified Mineral Resources and Ore Reserves. The Code is the result of an initiative begunin 1971 to achieve industry self regulation of Resources and Ore Reserves reporting which resulted first in guidelines for reporting standards but which have now been incorporated in ASX Listing Rules as a Code withsignificant sanctions ensuring compliance. This paper describes the background to the Code, its key provisions, and comments on practical aspects of1 working with the Code and compliance issues.

Jan 1, 1990

The application and development of monitoring and control techniques of coal mines in China is mainly described in the paper.The techniques of mine control and monitoring system have been developed as an important means of production dispatch, command and management with ever-increasing coal production and gradual raising of the level of mechanization and centralization of continuous mining. The continuous stage monitoring and control system in China coal mines has been developed from the initial single fixed plant monitoring, and the technique of computers has also been applied in the system for productive and environmental monitoring, featuring a new type of mine control and monitoring equipment of China.

Jan 1, 1985

The role and policies of the Aboriginal Sacred Sites Protection Authority are described in conjunction with the provisions of the N.T Aboriginal Sacred Sites Act 1978. Comment is made on the application of the legislation and these policies to development proposals in the Northern Territory. A brief review of criticisms by both developers and Land Councils is provided together with responses to these Criticisms.

Jan 1, 1984

Contractors have penetrated all areas of the Australian mining industry over the last 15 years. The process started in the WA gold and nickel mines and has since spread around the nation to iron ore, base metals and coal mines.The mine contracting industry has progressed from tentative beginnings in the 80s to the current situation where it is now providing high standards of professional management, safety and workmanship with competent people and high quality plant and equipment.

Jan 1, 1998

Peraluminous metamorphic rocks may form from a variety of protoliths by a range of processes. Stratiform bodies of such rocks are relatively common in the Precambrian, but less commonly, also occur in the Phanerozoic. The protoliths of such stratiform bodies may have been regionally deposited chamosite-rich sediments, with varying amounts of clastic component, or may have resulted from the in-situ depositional or diagenetic alteration of volcaniclastic sediments, ranging in composition from rhyolite to basaltic andesite.Stratiform peraluminous metasediments, especially those of low to medium metamorphic grade, and relatively iron rich, may be genetically associated with, or be the host rocks for, a variety of styles of mineralization, especially for the ores of An, Ag, Cu, Zn and Pb.

Jan 1, 1990

In a coal mine there are many substances capable of ignition under certain circumstances, which can be placed in the following groups: ordinary combustible solids, dusts, liquids and vapours, gases, metals and plastics. There are many factors influencing ignition, including temperature, minimum ignition energy, particle size, explosion pressure level, rate of pressure rise, specific energy content and also explosive limit. Not all are applicable in every case. Frictional ignition of methane is an accident statistic of increasing concern and is considered in some detail. Practical measures that can be taken to reduce the incidence of frictional ignitions are considered, and also possible ways of ignition suppression.

Jan 1, 1981

The application of cheap robust microprocessor based units to achieve monitoring and control in an underground mining environment is described. The functional layout of the programmable controller and the methods of multiplexing and processing information from local and remote sources are examined as are features for refrigeration plant control.High noise immunity communication to a remote micro computer uses existing telephone lines and enables display and print of essential data. The development of this system then leads to applications in monitoring compressed air, ore transport and underground fires.In conclusion, the problems of data presentation to different levels of management and the future philosophy of a central multi-reporting system are discussed.

Jan 1, 1985

By Cole NH

Substantial savings in terms of project time, cost, and financial viability can result through the expert involvement of independent financial advisors in the early stages of any mining project's preparation. This role is not confined to project financing, financial modelling, valuations and corporate finance advice, but may in the early stages be much more strategic in nature, covering a wide group of subject areas. A number of separate examples and case studies are outlined, which show the manner in which financial advisors can be effectively used. The benefits arising from involving an additional professional team with the project group must be offset against the separate and additional cost factors involved.

Jan 1, 1986

By M Maslowski, J B. Gemmell, D R. Cooke, C Zesati, J Castorena

The Palmarejo, Guadalupe and La Patria Silver-Gold epithermal vein deposits occur in south-westernChihuahua state, Mexico. The veins are hosted in a volcano-sedimentary sequence that comprises andesitic to basaltic resedimented volcaniclastic rocks, together with less abundant coherent and pyroclastic facies and minor red-beds. The host sequence is part of the Lower Volcanic Series, and formed in a magmatic arc environment during the Late Cretaceous to Early Tertiary Laramide Orogeny. The Lower Volcanic Series is overlain unconformably by an extensive sequence of Miocene rhyolitic ignimbrites, known as the Upper Volcanic Series. At this time, it is uncertain whether epithermal mineralisation was related to andesitic intrusions (85 Ma) and/or Oligocene rhyolitic dykes (25 Ma). An EXTENDED ABSTRACT is available for download. A full-length paper was not prepared for this presentation.

Jan 1, 2008

Australia has a high level of research and development capabilities in government, industry and tertiary institutions. In the- remote sensing fields, we have developed a range of applications in geology, agriculture, infrastructure and environmental monitoring which are very cost effective and applicable to projects in the Asian and Pacific region. Support by the Department of Science through the Scientific Industries Steering Committee has enabled rapid penetration of this technological capability into projects with significant economic and financial benefits. It has also led to the opportunity for development of new sensors and processing systems, through collaborative projects with regional countries, which. will have applications in cloud covered, rainforest, and coastal tropical regions for geological and resource applications.

Jan 1, 1987

The paper discusses how automation is steadily proceeding throughout all areas of the electrolytic zinc industry. Fluid bed roasters with integral sulphuric acid plants are now on -computer control. Highly efficient, continuous leaching and purification stages, with feed-forward predictive and optimisation computer control, precede electrolytic cells with on-stream solution analysers and automatic stripping of deposited zinc. Controlled electric induction furnaces feed continuous casting lines, equipped with automatic stacking and strapping, machines, after computer based metal analysis has confirmed metal purity or alloy composition. The paper also discusses the use of computer models tied to process control systems, and the equipment and solution measurements that could be automated with advantage, using modern micro-based controllers and analysers.

Jan 1, 1985

By Connor J. W

Nifty Copper Operations was established to treat a copper orebody situated in the East Pilbara area of North West WA, located approximately 70 km west of Telfer in the Great Sandy Desert. The plant was designed to treat the oxidised portion of the orebody with underground development following at a later date. Nifty was designed to produce 16 500 tpa of copper cathode. This will increase with treatment of the chalcopyrite ore (underground resource). Ore processing is similar to other operations of this type but has its unique challenges. Problems discussed are: fine clay minerals which hinder percolation; oxidation of organic by manganese in the electrolyte; crud formation by clays; third phase emulsions; and organic carryover into the electrowinning tankhouse. As the orebody utilisation progresses, some sulphide material will require leaching and further investigations into liquor chemistry.

Jan 1, 1996

The Court rejected the suggestion that CRAE had actively misled DMR concerning the worth of its tenements. The Court agreed that CRAE remained silent about certain significant information concerning CRAE's own tenement area. It was a significant question as to what duties CRAE'was under, given that it was in joint venture with DMR in respect of one of the tenement areas. Did that joint venture create an obligation on CRAE to disclose everything it knew? The Court said no. The Court said that the fiduciary duties were defined by the terms of the farm-in agreement between DMR and CRAE. When the Court examined the disclosure obligations within the confines of the contract, it held that CRAE had not breached those terms.

Jan 1, 1990

By Hryniewicz M

The paper presents a sound critical estimate of mathematical models presently used for the process of compaction of fine-grained materials. It shows the mathematical model of compaction developed by the authors, which was used to formulate the program of computer simulation of the process. The examples of computer simulation experiments of compaction of selected fine-grained materials regard the results of the experiments made by the authors on variability of external friction occuring in this process. Simulation examination presented in the paper crucially contributed towards the original method of selection of rational compaction technologies of fine-grained materials developed by the authors.

Jan 1, 1993

Computer modelling is being used to simulate rock fracture, caving and stress redistribution about longwall panels with increasing confidence. The models are being assessed against field monitoring and have significantly increased the understanding of caving mechanics within the overburden. This paper discusses the modelling approach and provides some examples of its application to overburden damage and induced hydraulic conductivity. Computer models used in this study simulate the fracture process in the geological units throughout the overburden. Analysis of the mining induced fracture patterns and in situ joint patterns allows an estimation of the hydraulic conductivity within the overburden. The cubic flow relationship has been used in the examples presented.

Jan 1, 2005

By Ellis CG

The N.S.W. Department of Mineral Resources commissioned its first Mobile Gas Laboratory in 1973.Although originally intended for diesel exhaust analysis, it has been progress- ively made more suitable for mine air analysis. Currently there are two upgraded units in operation. These laboratories have been used at the scenes of four mine fires, two mine explosions and three recovery operations. The authors' experience jointly covers all of these incidents. In this paper they recount the role of the Mobile Laboratory in each incident - including the difficulties encountered - and trace the development of these units to their present state. Future improvements are foreshadowed, and some comments offered concerning the likely future role of these vehicles in mine Emergencies.

Jan 1, 1981

By Walker G. S, Sparrow G. J

Dissolution of S02 into water-acetone mixtures results in the formation of 2-hydroxy-2-propane sulphonic acid. The pH, or acid strength, of water-carbonyl-S02 mix- tures can be controlled by varying the concen- tration of the carbonyl compound or the rate at which S02 is added to the water-carbonyl mixture during a reaction. The ease with which the acid strength of these mixtures can be controlled means that they have significant potential for use as a selective lixiviant. We have used water-acetone-S02 mixtures to selectively dissolve phosphate minerals in Christmas Island and Duchess phosphate ores and also uranium minerals in Yeelirrie uranium ore and Olympic Dam copper concentrate.

Jan 1, 1987