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By C B. Smith, G L. Boxer, S W. Moss, A L. Jaques, V Lorenz, M J. Rayner

The Ernest Henry Iron Oxide Copper Gold deposit is hosted in a large dilation between two moderately dipping shear zones found in the footwall and hanging wall of the deposit. These shears are controlled by a large diorite intrusion to the north-east and south-west of the deposit, formed ~1660 Ma. A shear zone dubbed the ‘Interlens’ uncovered through underground workings truncates the main orebody into two lenses, and is hypothesized to have formed in conjunction with the Hanging Wall Shear Zone and Footwall Shear Zone. All three shears dip moderately to the SSE (50–140) from open cut exposures through to the current mining horizon approximately 800 m below the surface. Routine geological work and a capital drilling campaign has identified a significant flexure in these sub parallel ore bounding shears with increasing depth. A shift in shear orientation in the Interlens over approximately 100 m vertically from ~50° to the SSE to a steep, easterly trend (~85° to the east) is observed in both drill core and exposures in the underground workings. It is hypothesized the diorite intrusive to the south-west of the deposit controls the shear zone geometries at depth. The geometry of the Interlens mirrors the surface expression of the Proterozoic package of the orebounding shears to the south-west of the deposit, suggesting the surface geometries of the shear zones are consistent with depth. Additional drilling to explore the validity of this hypothesis is planned for the near future to better understand the structural controls on the Ernest Henry mineralisation with increasing depth.

Mar 22, 2022

This paper presents an overview of the strategy adopted to bring the Ballymoney opencut lignite deposit to an advanced stage of mine design and confidence. Certain aspects of the project differentiate it from the normal Australian experience. These include the thick overlying glacial drift, the proximity to established infrastructure and the wide fluctua- tions in annual lignite demand. The incorporation of these factors in the mine plan are discussed. The deposit area is located near the town of Ballymoney, in Northern Ireland. In July 1986, after winning an internationally competitive tender, Meekatharra Minerals Ltd commenced an exploration programme designed to delineate reserves to supply a 450 MW power station. In less than eighteen months, a complete evaluation was undertaken and a price submitted in December 1987 to the relevant authorities for the supply of lignite. Subsequently, UK government consultants and significant inter- national banks have endorsed the findings. The mining study commenced with the evaluation of various develop- ment strategies, followed by selection of the most viable mining method and equipment. The equipment selected will mine four million tonnes of lignite and eleven million cubic metres of waste each year. In year 15, the waste removal requirement increases to almost seventeen million cubic metres. This results in an average strip ratio over the mine life of three cubic metres of waste per tonne of lignite. The quality of the product delivered to the run of mine conveyor transfer point, based on maximum resource recovery, will include heat content of 8813 kJ/kg (3789 Btu/Ib), ash content of 28% and moisture content of 40%.

Jan 1, 1989

At 9.45 pm on Thursday, 12 July 1962 glass began to flow in an endless stream from a massive melting tank in a new Whangarei factory and a vital new industry was born û right on schedule. It wasn't good glass. It was ridged. It cracked. It rippled. It obstinately refused to emerge upstairs in the cutting room in one solid continuous sheet. But all through the night, drawing speeds were adjusted, temperatures changed. And on Friday morning, at 8:30, it finally came through as sheet û not perfect as yet, but sheet glass all the same. The rest is only a matter of time. Unfortunately, the buoyant enthusiasm displayed by the founders of the sheet glass industry in New Zealand, and the technical expertise of their European consultants, failed to bring the glass quality up to commercially acceptable standards and within six months, the company was in receivership. Taking over the role of producing New Zealand's sheet glass requirements, New Zealand Window Glass Company was formed as a partnership between two companies with long experience in sheet glass manufacture û Pilkington Brothers (NZ) Limited and Australian Consolidated Industries Limited. This paper sets out to identify the raw material requirements and controls necessary for the successful manufacture of sheet glass, and the availability and supply of suitable materials for use at Whangarei.

Jan 1, 1978

By A Boucher, M Baudin, P Androszczuk, I Minniakhmetov, A Rigby, P Machado, M Wright, B Van Dijken

IGO Ltd’s (IGO’s) Nova Operation (Nova), which is 160 km east-north-east of the town of Norseman in Western Australia (WA), mines and processes nickel-copper-cobalt (Ni-Cu-Co) sulfide ore from the magmatic Nova-Bollinger Deposit (Nova-Bollinger), which is hosted by the Mesoproterozoic age high-grade metamorphic rocks of the Albany Fraser Orogen. Over its 56-month life-of-mine (LOM) operations to 31 December 2020, Nova has processed 5.63 Mt of ore grading 2.04 per cent Ni, 0.86 per cent Cu and 0.07 per cent Co from its underground mine. At the end of 2020, both the Nova-Bollinger JORC Code reportable Mineral Resource estimate (MRE) and Ore Reserve estimate (ORE) were >90 per cent classified in the highest JORC Code confidence categories of Measured Mineral Resource and Proved Ore Reserve respectively. The high JORC Code classification confidences assigned to the Nova-Bollinger MRE and ORE results from the 386 km of surface and underground diamond drill testing of the deposit to a nominal 12.5 by 12.5 m pierce point spacing in mineralisation. The close spaced high-quality drilling and bulk mining method employed at Nova has effectively removed the need for any grade control modelling outside of the MRE process. Importantly, having only the one fully drilled out deposit being mined and only the one process plant, Nova’s reconciliation process is in the fortunate situation of not being confounded by issues such as external ore sources and constant updates as new grade control information becomes available. IGO’s Nova reconciliation processes are focused on reconciliation ratios that quantify operational period differences between the MRE and ORE head grade and tonnage forecasts and the process plant head actuals. These metrics have been used to identify key reconciliation issues and have initiated several studies into the causes for specific reconciliation results, which are discussed in the paper. In late 2020, a period of sustained poor reconciliation results led to the recognition that increasing the understanding of risk between the MRE and ORE should be investigated. To assist with modelling stope level risk within the mine plan and subsequent reconciliation, an attempt was made to develop a formula to quantify ‘stope risk’ from MRE metrics such as sample spacing, kriging efficiency and so on

Mar 22, 2022

By L Richards, R L. Brathwaite, C Mazenga

Underground mining of gold-silver bearing quartz lodes was carried out in the great mines at Martha Hill, Waihi over 70 years from 1882 until 1952. Shafts and stopes reached a total depth of 600 m on 16 levels, with workings extending laterally some 1.6 km, and as new reefs were discovered the workings extended beneath parts of the township. Over their long life the mines produced 1217 tonnes of gold-silver bullion from processing 12.2 million tonnes of mined ore. In the early-1980s drilling proved large reserves of gold and silver ore remaining in stock-work zones between the previously mined lodes. This led to a new era of mining at Waihi with the opening of the Martha Hill open pit in 1988. A series of three sink holes have formed above unfilled stopes of the Royal lode. In 1999 a sudden collapse crater 40 m in diameter occurred near an occupied part of Waihi, placing in danger several houses and a busy street. This crater formed close to a similar crater that occurred in 1961. The 1999 collapse resulted in subsurface investigations and risk assessment studies being commissioned by the local Hauraki District Council. However, a further 50 m diameter collapse crater in December 2001 formed in a residential area, swallowing and wrecking an occupied house, fortunately without injuring its five occupants. Two other houses were perched on the crater rim. The 2001 collapse led to an acceleration of the work being carried out by the Institute of Geological and Nuclear Sciences Ltd. (GNS) to identify the extent of the old underground workings at Waihi. For the risk assessment detailed rock mechanics analyses were made to consider the stability of the underground mine stopes, in terms of the stope back, hangingwall, footwall and crown pillar failure mechanisms, as well as void migration. The collapse crater areas were analysed using using several methods, including analysis to simulate the probability of void migration from unfilled stopes to the surface using the @Risk program. The analyses show that in the cases of the actual collapse craters, the voids have a high probability of migrating to the surface, thus providing a method of testing the void migration modelling. Modelling analysis applied to the remaining stopes of the old underground mines show there are further areas where void migration from unfilled stopes has a high, medium and low probability of reaching the surface as a collapse crater. The locations of these probabilistic hazard zones were outlined using the @Risk modelling and deterministically by using the dimensions of the historical collapses applied along the length of the stopes. Consideration of the æincubation periodÆ (the time interval between the cessation of mining and the occurrence of collapse) and comparisons with mine subsidence histories overseas, indicates that further collapses are likely to occur over the next 50 years. Risk assessment estimates made using property values and occupancy levels within the three hazard zones, were compared with Societal and Individual Risk criteria. Results indicate that safety within the high and medium zones may be unacceptable.

Jan 1, 2003

The safety culture in mining has progressed towards a zero tolerance of injury. This change has required that some historically inherent risks of mining are engineered out or reduced. One of the significant causes of fatality in Western Australia and Worldwide mining is through rock fall, subsidence and inrush. Efforts put into understanding the material properties of the ground we mine and the backfill we place are reflected in improved safety statistics. It is no longer acceptable to not manage these risks and mining, to be sustainable, has to be safe.   Mining historically produced waste products with little consideration of recycling or impact on the surrounding land. The rehabilitation of mining waste products such as mill tailings, heap leach and waste rock is one step towards managing the environmental impact of these waste products. A better step is towards recycling and redepositing these products to produce a more environmentally sustainable mine site.   Gold fields St Ives lease is an active network of new and historic undergrounds and open pits within the Lake Lefroy and Kambalda district. The process of creating voids underground followed by open pits mining through the old voids allows the use of backfilling to control inherent hazards and dilution. Backfill provides opportunity for the disposal and recycling of mining waste materials at the same time as meeting requirements of mine support. Materials available on the St Ives site include spent heap leach, reclaimed tailings and waste mullock. Through recycling and re-depositing these materials to St Ives and neighbouring mines, the reliance on imported material to meet their needs and impact on surrounding land is reduced.   At St Ives, paste fill and barricade design have been reworked to allow backfilling into stopes with water inflows up to six litres per second. This has required a rethink of the drainage and monitoring of water management systems previously used for hydraulic fill and apply them to paste.   The St Ives open pits have developed methods to mine through underground workings and individual stope voids up to 62,000m3. Here backfill is used to reduce the consequence of catastrophic, unexpected failure of the crown and minimise ore lost down voids and dilution through increased blast movement. This paper outlines the less common methods being adopted to use the recycled materials and ways it has been managed to suit the needs of the company.

Jun 1, 2010

By Artieda JJ, Catalina JC

- The aim of this paper is to analyse the possibilities of applying signal processing and artificial vision techniques to the ore sorting problem. In order to overcome the limitations imposed by the classical approach to the problem, which essentialy cons

Jan 1, 1985

By J Lyons, S Baker, D MacHunter, D Pepper

Mineral processing plants require a storage buffer to bridge differences in production rates between mining and processing. Where coarse ores are processed, such as coal or hard rock, this buffer may be an ore stockpile or silo. For wet-mining processes, eg dredging or hydraulic mining, or where fine ores are slurried close to the mining face, a surge-bin is used to contain the plant feed and smooth out the variations in mining rates. These bins have gradually evolved from simple storage vessels to units that are now frequently part of the mineral separation process itself, such as providing a desliming function to remove deleterious ultrafine gangue. This feed conditioning is often essential to achieve the levels of plant performance required in times of declining ore grades and or where inherent ore characteristics make separations harder to achieve. To achieve these dual roles requires careful consideration of bin design factors such as geometry and lining selection and increased use of instrumentation and advanced, or remotely supervised, control systems. All this ensures they provide capacity to smooth out variations in mining rates and guarantees that when conditioning ores or adjusting slurry densities ahead of the plant it is achieved without loss of valuable minerals. This paper examines the evolution of the modern surge-bin from a simple, so called, constant density tank with its inherent mass-flow compromises, limited feed preparation and beneficiation abilities, and footprint penalty, to a current state-of-the-art surge-bin, the LFCU, with a control system which provides demonstrable steady outputs, while conditioning and in some cases beneficiating the ROM material and all from a highly compact unit. It further discusses their use in other applications around the world, for example providing the necessary security for long distant high-density pumping systems; constant high density, low water usage, tailings disposal pipelines and high capacity ultrafine iron ore beneficiation.

Aug 24, 2022

By Kavanagh M. E, Henley R. W

The Meekatharra mining district lies in the northern pan of the Murchison Province of the Archaean Ynlgam block of Western Australia. Since dis- covery of the Paddy's Flat belt in the district in 1897 total gold production has been 67 tonnes and a further 33 tonnes in resources have been defined by drilling. The Paddy's Flat gold deposits occur within the Gabanintha Formation, a basal formation of the Murchison greenstone sequence containing komatiitic basalts, ultramafics and minor banded iron formations. The regional control on the distribution of deposits is an anastomosing shear belt which extends over 350 km and incorporates the Mt Magnet, Reedys and Meekatharra deposits. The following gold deposit styles may be recognized based on lithological association and alteration: Albite porphyry hosted, Carbonate-fuchsite- quartz alteration hosted deposits, Banded Iron Formation hosted sulphide replacement gold deposits and quartz vein deposits. With the exception of the banded iron formation hosted deposits, the Paddy's Flat alteration zone shows strong similarities to the alteration styles at Kerr-Addison (Ontario).

Jan 1, 1991

By N Setoudeh, A Nosrati, N J. Welham

The current surge of interest in lithium (Li) is due to the anticipated demand for electric vehicles and small scale power storage. Brine deposits contain most of the global Li resource, however hard rock deposits can be more readily and rapidly developed and comprise the majority of proposed projects. These projects plan to use the conventional processing routes of dense medium separation and / or flotation to produce a spodumene concentrate for sale. The standard route for subsequent processing of spodumene concentrate is thermal decrepitation, acid leaching, solution purification and precipitation of lithium carbonate. This is typically followed by further purification. A number of projects have ores which contain other lithium minerals, principally micas, lepidolite and zinnwaldite, necessitating an alternative treatment route. Several different routes for spodumene processing are under development to reduce costs to compete with brine projects. This paper will give an overview of the strengths and weaknesses of the current and alternative processes.CITATION:Welham, N J, Nosrati, A and Setoudeh, N, 2017. Lithium ore processing – an overview of the current and new processes, in Proceedings MetPlant 2017, pp 185–194 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Sep 11, 2017

By Voermans F. M, Hoyle M. W H

The Archean geological sequence in the West Pilbara region (Fig 1), a deformed greenstone volcano-sedimentary succession regionally intruded by layered mafic/ultramafic lopoliths, batholithic granites, granite stocks and transected by swarms of dolerite dykes, has prompted several companies to search for a variety of base metals and and platinoids (Fig 2). In the first instance, detailed aeromagnetic surveying was completed, producing patterns of marked magnetic anomalism which proved substantially successful in the demarcation of areas warranting geological reconnaissance and detailed follow-up. Revelant to this paper were the obvious magnetic features overlying outcropping and buried mafic/ultramafic bodies which ultimately were proven to be host to Ni-Cu sulphides, pgm, Ti, V, Cr and, more recently, Ag and Au mineralisation. Routine stream sediment, soil sampling and ground geophysical techniques of the day appear, in most cases, to have been adequate in the detection of mineralisation, except in the case of Radio Hill massive sulphides where the Turam E.M. (1972) signal essentially failed to detect the blind conductor (Peters, de Angelis 1987).

Jan 1, 1988

By R Bose, M Bovell, G Cheong

Grinding media is a major consumable in mineral processing and therefore decreasing costs associated with its consumption is regularly considered a key goal for the minerals processing industry. Grinding media manufacturers have historically developed steels with improved wear life for their products as a way of delivering incremental media quality improvement. This has included increasing carbon levels from low-to-medium carbon steels up to the eutectoid carbon composition of 0.77% where the relationship between higher carbon and better wear performance is well understood. Producers today will regularly use grades in excess of 0.8% to further improve wear performance particularly for rolled grinding media.This paper first introduces the demonstrated relationship between this increased carbon content and improved wear resistance along with metallurgical rationale behind the high carbon production process and limitations. To test the performance improvement associated with the higher carbon steel grade, a series of Marked Ball Wear Tests (MBWT) were carried out. This paper also explores the relationship between ball properties, test methodology and wear performance and concludes by correlating increased carbon grade with a reduced consumption rate of between 3.1% and 6.1% in the tests conducted.CITATION:Bovell, M, Bose, R and Cheong, G, 2018. Improved forged grinding media performance with carbon content greater than 1.0%, in Proceedings 14th AusIMM Mill Operators' Conference 2018, pp 559–570 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Aug 29, 2018

In south-eastern King Island, sediments and lavas of possible Upper Proterozoic to Lower Cambrian age have been intruded by Lower Carboniferous granitic rocks.Within the contact aureole of the Bold Head adamellite north of Grassy the sediments and lavas have been metamorphosed to hornblende hornfels facies grade. The thermal gradient within the contact aureole was small, as the hornfelses exhibit no mineral zoning over a distance of 700 ft from the adamellite.Skarns occur both within the adamellite near its contact with the country rocks, and within the country rocks as partial replacements of three dolomitic limestone horizons. The latter type, the exoskarns, commonly have an andradite-salite mineralogy and carry economic concentrations of scheelite. These resulted from the replacement of carbonate beds due to both diffusion and infiltration metasomatism. Silica, tungsten, minor sulphides, and water were introduced from the adamellite, while aluminium and iron diffused from the enclosing pelitic sediments. Calcium released during marble replacement countered the loss of iron and aluminium in the pelitic hornfelses transforming them to diopside-rich rocks.Endoskarns within the adamellite are the result of two way diffusion across the contact; calcium, aluminium, and iron diffused from sediment to adamellite as silica, potassium, sodium, and water diffused from adamellite to the sediments. From estimates of the lithostatic pressure and mole fraction of CO2, the mineral assemblages of the hornfelses imply that the temperature of metamorphism lay between 530° and 710°C. This temperature range is in good agreement with minimum temperatures, between 610° and 710°C, for the recrystallization of the marbles of the contact aureole, calculated from the determinations of the solid solution of the magnesite molecule in calcite.

Jan 1, 1971

This paper describes operational experience with seam gas and spontaneous combustion management, gained during ten years of production history (1993 to 2003) in the Wynn seam at Dartbrook Coal mine. In addition, comparisons are made with more recent operational experience in the overlying Kayuga seam. Development and retreat longwall operations were undertaken in a 4.0 m thick working section of the Wynn seam, contained within the lower quarter of a circa 24 m thick mega seam, from 1993 until mining operations were relocated to the overlying Kayuga seam in 2004. Production from the first block of the Kayuga seam is currently underway with seam gas and spontaneous combustion management requirements being refined as further operational experience is gained. Seam gas management techniques, including pre-drainage with pressurised fracturing, surface to underground goaf drainage of a carbon dioxide rich seam gas and novel, high capacity ventilation circuits, were employed in the Wynn seam. Ventilation strategies included operating up to carbon dioxide STEL concentrations of 3.0 per cent in segregated return airways rather than being limited to the TWA-TLV concentration of 1.25 per cent. The spontaneous combustion experience at Dartbrook Coal has, to some degree, resulted in a change in the way the risk is managed in Australian coal mines. Values of carbon monoxide make and hydrogen concentrations are profoundly different from previously recommended management plan trigger levels and those used elsewhere in the industry. However, the detection of higher hydrocarbons together with rising oxygen depletion ratios and absolute hydrogen concentrations remain as indicators of advancing spontaneous combustion events. In this respect, experience gained in the Wynn seam was important in the initial management of the shallower Kayuga seam, an essentially greenfield site with no prior operational experience being available.

Jan 1, 2005

The Taupo Volcanic Zone in New Zealand and the Philippine Mobile Belt in the Philippines are characterized by active subduction, active volcanism and high seismicity. The main factors affecting characteristics of geothermal systems in both countries are: tectonic setting, source magmas, maturity of the systems, and depth to the degassing magma body. Within New Zealand, geothermal systems are grouped into arc- and rift-type. Fluids in arc-type systems contain high amounts of volatiles (40%) and higher Cl contents (3,000-10,000 mg/kg). Maximum temperatures are also higher, reaching up to >400¦C. Arc-type alteration assemblages in New Zealand and the Philippines are similar. Because Philippine geothermal systems are less mature, have higher temperatures and steeper geochemical gradients than New Zealand ones, advanced argillization is more widespread occurring down to depths of 2000 m. Mineral phases are more varied due to the active input of magmatic waters and the formation of vapor conditions at depth, forming P04-, B-, Li-, Ce-, F-, and Cl-bearing minerals at high temperatures. In the Philippines, high temperature magmatic-hydrothermal to contact metamorphic assemblages containing biotite, amphiboles and pyroxenes are relatively common, but rare in New Zealand.

Jan 1, 1995

This paper describes the development of an approach to sustainable development for application at the feasibility study stage for a proposed bauxite mine near the community of Aurukun, south of Weipa on the western coast of Cape York Peninsula, Queensland, Australia. The general environment for development was complex in all dimensions. In particular, the socio-demographic profile of the Aurukun community (population 1200) characterised it as being amongst the most disadvantaged communities in Australia. The traditional owners of the area, the Wik and Wik-Way people, were at the forefront in the efforts of Indigenous people in Australia to secure land rights over the past 30 years, and they had previous experience negotiating an Indigenous Land Use Agreement (the Western Cape Communities Coexistence Agreement) with Rio Tinto Alcan, the operators of the Weipa bauxite mine. Through this they had shown a well-founded sense of entitlement with respect to the development of resources on their traditional land. The Queensland State Government had recently cancelled an existing mining lease over the bauxite resource as the holder of the tenement had not fulfilled the terms of a development agreement that had been in place for 30 years. The Government was anxious to avoid any future æbankingÆ of the resource, and had decided to offer tenure to the resource on an international competitive basis, subject to the requirements of the Commonwealth Native Title Act 1993. This would require a negotiation process with traditional owners and potentially involve companies with whom the traditional owners had no existing relationship (typically developed during the projectÆs exploration phase) and who possibly had no project development experience in Australia. As well, the State Government envisaged an approach to development that drew on the significant work that industry and other stakeholders had undertaken over the previous ten to 15 years, commencing with the mining, minerals and sustainable development (MMSD) process. This work was aimed at rectifying acknowledged deficiencies with industry recognition of stakeholder interests, in particular with respect to environmental management and socioeconomic development. The approach adopted aimed to define the strategic community interests and sustainable development outcomes to which the development of the resource would be expected to contribute, and to embody these within an easily usable management structure that could be applied to each stage of project development from feasibility study through to mine closure. The logical framework (AusAID, 2006; ICMM, 2005) was the management tool utilised to order the identified interests and desired outcomes. The structure included components aligned with the key areas of development interest expressed by the community, and the initial baseline sustainable development plan (SDP) developed established component objectives, outcomes, indicative outputs and activities for the feasibility stage of the project. This established an objective framework to guide potential bidders when developing their response to the State GovernmentÆs Request for Proposal. The paper will describe the evolution of the competitive process and the parallel process for development of the SDP. While the institutional environment was politically and socially complex, the use of simple visual representations of the environment and the analysis and ordering of issues, objectives and criteria through methods such as stakeholder analysis and the logical framework approach, enable the development of a dialogue on the contribution that the development of a mining project can make to sustainable community development, and for the development of an agreed program of community support to capture the contribution. The use of the logical framework was found to have good functionality for plan development. Achieving plan outcomes though, is highly dependent on the skill of key project personnel in facilitation, team building, conflict resolution and leadership, as well as their ability to influence the behaviour of key stakeholders with the capacity and authority to require the integration of local economic development criteria in to key project development decisions.

Jan 1, 2009

By H Khoshrou, A Siamaki

Blast designs can have productive and non-productive impacts on downstream stages, mine productivity and operating costs. On the other hand, ground vibration, fragmentation, and back break caused by blasting impose damage and financial penalties and which must be controlled by blast design. One of the significant variables in blast design is the burden. In this study, the potentials of artificial neural network are investigated in prediction of burden in the Sungun copper open-pit mine. Input data were assembled through 18 blasting blocks according to different levels and experimental geomechanical investigation. To construct the model blastability index, uniaxial compression strength, hole diameter, specific weight of rock, rock quality designation and cohesion strength are taken as input parameters, whereas, burden is considered as an output parameter. Mean square error was used as the performance function and back propagation algorithm as the training function, containing four hidden layers and 14 data sets. Four sets of data were used to make sure that correct training had been carried out. This produced the coefficient correlation of 0.662.

Sep 26, 2011

By G A. Davis, D G. Laughton

The great variability of mineral and energy prices has motivated some governments to incorporate a windfall profits tax into their mineral taxation regimes. Windfall profits taxes are a means for governments to capture additional mineral revenue when mineral prices are considered higher than some historic level. Governments need to be aware of the effects of such contingent taxes on the exploration, development and operating decisions of mining companies. Mining companies need to be able to calculate the full impact of windfall profits taxes on the economics of their projects. This paper examines the valuation of a multi-phase copper-gold project in the presence of a windfall profits tax. Real options Monte Carlo simulation is used to characterise the different exposures of the mine owner and of the government to the risky cash flow streams that they receive from the project. The results highlight that Monte Carlo simulation paired with the real option valuation method is able to account appropriately for the differing risk exposures, while the traditional discounted cash flow valuation model is not. Our key conclusion for governments and mining companies is that the impact of contingent tax and royalty terms can and should be assessed using advanced valuation techniques, and the results used to improve contract designs under the constraint of actual and perceived fiscal system stability.

Jan 1, 2007

By N B. McCaffrey, V Glenn, C Johns, P D. Erskine, A T. Fletcher

"Underground coal mining is the dominant method of extracting thermal and coking coal in the southern and western coalfields of New South Wales. Monitoring mining-related subsidence forms an important component of environmental impact assessments and subsidence management plans, particularly when there are conflicts between the interests and requirements of mining and environment and community groups. However, there are few specific guidelines for monitoring the impacts of subsidence on terrestrial and aquatic ecosystems, leading to inconsistent policy approaches and highly variable abilities of monitoring programs to accurately detect biological change.This paper highlights the use of a conceptual framework to guide the development of a long-term ecological monitoring program at an underground coalmine in the Western Blue Mountains, New South Wales. Two pilot studies are described: determining the level of observer agreement to assess the condition of a vulnerable tree species (Capertee Stringybark) comparing field sampling methods for detecting a rare heath shrub, Epacris muelleri, using a power analysis to determine sampling intensity requirements.These examples demonstrate that investment in initial pilot studies to test different monitoring approaches can have long-term benefits for stakeholders by more confidently being able to detect potential impacts.CITATION:McCaffrey, N?B,?Glenn, V, Erskine, P?D, Johns,?C?and Fletcher, A?T, 2014. Detecting long-term ecological impacts of subsidence from underground coal mining – a tale of two pilot tests, in Proceedings Life-of-Mine 2014, pp 139–152 (The Australasian Institute of Mining and Metallurgy: Melbourne)."

Jul 16, 2014

By P A Ferenczi

The Proterozoic iron oxide related Au-Cu-Bi (Tenant Creek style') deposits at Tennant Creek can be classified as syntectonic polymetallic hydrothermal replacement type mineralisation. These deposits have characteristics in common with a number of other Proterozoic iron oxide (Cu-U-Au-REE) hosted deposits in regions which include Southeast Missouri, USA; the Kiruna district, Sweden; the Great Bear Magmatic Zone, Canada; the Stuart Shelf, South Australia; and the Wemecke Mountains, Canada. Similarities between these and Tennant Creek style deposits include: 1. Tectonic Setting: Formed at shallow crustal levels (

Jan 1, 1994