Search Documents

By P Guj, J A. Bell

The valuation of early-stage exploration projects requires a valuer to take into account a large number of uncertain value drivers, the interplay among which may be non-linear. This paper examines some of the key value drivers including geology, target metrics, project area and maturity, the market and the psychology behind the decision-making process. The commonly accepted valuation methods and their underlying logic are outlined, including a view on why they evolved, what value drivers they attempt to address and their potential shortcomings. These methods include the multiple of exploration expenditure, geoscience rating, expected values and market based methods. The potential future valuation methods of replacement values and neural networks are also introduced along with how to minimise heuristic bias and error within the market-based approach.CITATION:Bell, J A and Guj, P, 2012. Exploration value drivers and methodologies, in Proceedings Project Evaluation 2012 , pp 17-28 (The Australasian Institute of Mining and Metallurgy: Melbourne).

May 24, 2012

By Whitworth N, Anderson P

New plant has been commissioned to treat off-gases from the Fluo-solids Reactor in the Copper Smelter. The new section of plant was built onto an operating system and commissioned with minimum disruption to production. Under construction is a 270 m tall stack for Lead Smelter gases. Additional items for the Lead Smelter will include a new gas cooler, a central baghouse to replace Sinter Plant wet gas scrubbers, a new exhaust fan on the main baghouse, and ducting of drossing gases to the main baghouse. Emphasis is given to discussing improvements the new plant has made to working conditions, the general environment and increased production capability. Total expenditure in the two smelters is in the order of $25 million.

Jan 1, 1978

By L Nienaber

Mines, after becoming operational, often retain the same support and reinforcement designs developed in the feasibility study. These designs are conceived from limited drilling data and regional experience, thus having an empirical flavour. Empirical designs are perceived to be conservative, catering for a variety of failure mechanisms, which are not always present in mine development drives.This begs the question: If you were to invest in the necessary resources to obtain sufficient data and complete the required analyses for the different development drives in the mine, to engineer a support and reinforcement scheme with the capacity to match the demand of the rock mass, what is the difference in cost when comparing an empirical design to an engineered design?To answer this question, mine tunnels with different geometries and orientations, where detailed structural data was available, were selected for a comparative design exercise. Material cost, development cost, cycle time and professional fees for engineered and empirical designs were estimated. The outcome is summarised in the following paper that discusses the process followed and the results of the design comparison.

Mar 8, 2011

There are a number of mineral processing operations which produce at some point a stream of hot particulates. At today's energy prices it becomes important to recover the energy held in the hot particulates. Sometimes it is convenient to use gas, e.g. in air pre- heating, and this will be appropriate in some circumstances. There are cases where it would be very useful if energy in the hot processed particles could be exchanged to the cold feed solids. This can be achieved within appropriate limitations by countercurrent heat exchangers comprised of parallel channels which contain, alternately, fluidized solids of 'hot' and 'cold' streams respectively. A pilot- plant has been built. Some calculations relating to industrial application will be Presented.

Jan 1, 1981

By Todd S, Lam K, Hewitt A

A series of field experiments investigated the perfonnance of fine mesh curtain screens which were used to suppress coal dust in a transport roadway of a New South Wales colliery. Four types of screens were tested under dry and wet conditions. The screen materials consisted of flyscreen and garden "shadecloth" with single and double membranes of both materials. Personal dust samplers coupled to dust cyclones and filtration cassettes were used to collect the respirable and total components of dusts respectively. The procedure used for locating the samplers upstream and downstream of the screen was based on the roadway air velocity profiles. The number and configuration of the water sprays impinging onto these screens had significant influence on the results. The study showed that wet double layered flyscreen is the most effective of the four configurations tested.

Jan 1, 1991

The title of this paper suggests rather a comprehensive survey of the industry, but since it is not possible to do justice to this in a short paper, and, as the bulk of the Australian trade consists of buttwelded tube, the author proposes to deal only with this type.The buttweld process has been praetised for many years and, as the methods of manufacture are not widely known, a brief history of its development may be of interest. Few good reference books in the English language are available, and this reticence may possibly have retarded advancement in manufacture.The earliest method of making ferrous tubes consisted of bending a thin plate or strip to form a "skelp." The "skelp" was then raised to a welding heat and hammerwelded on an internal mandrel on a smith's anvil. Necessity, however, soon produced mechanical methods of making tubes, and, in 1812, an Englishman named Osborn patented machinery for "welding and making barrels of fire-arms and other cylindrical articles." The apparatus was arranged as shown in Fig. 1.The skelp was raised to a welding heat and placed in the swage block "A." A mandrel was then inserted and the tube lapwelded by the action of the tilt hammer.Various modifications of this apparatus quickly followed, to keep pace with the rapidly growing demand and the exigencies of war. These tubes were essentially of short length and mainly used for gun barrels. The advent of coal gas for lighting (patented by Murdoch) created a demand for small tubes of longer length, and necessity, as usual, produced a solution. In 1824 Jas. Russell, from *Works Manager, Stewarts & Lloyds (Australia) Pty. Ltd.

Jan 1, 1935

Polish coal mines are well equipped with methane monitoring systems,nevertheless the worsening conditions force a continuous impro- vement in the field of environmental monitoring. Application of modern electronic components make it possible to design the new modular telemonitoring system incorporating the best features of the older systems,widely employed in Polish collieries, eliminating their weak points. Several new sensors and portable instru- ments for methane monitoring and early fire detection have been developed and tested in mining conditions.

Jan 1, 1988

The nation of Fiji is located the South Pacific on the æRim of FireÆ some four hours flying time from the eastern sea board of Australia. It is a tourist destination situated on the main route from Australia to the Americas. Fiji is a developing country that has had a fewsetbacks but the country has able, happy people that are very resilient. Most importantly, the country is a safe destination for tourists and businesspeople as the local people are friendly, have good ethics, and most speak English. Fiji is a very willing nation, hungry for knowledge and advancement. The Fiji geological setting on the æRim of FireÆ, that runs from New Zealand across the Pacific through Fiji and on to Papua NewGuinea, has many large deposits of gold and copper. Fiji is an exciting destination for mineral explorers with discoveries of gold, silver, manganese, bauxite, iron and copper. Gold was first discovered in 1921 and the first two mines opened in 1935; one of which was Emperor Gold Mining Company (EGM) the other being Mt Kasi. EGM mines gold on the margin of the Tavua caldera, some 85 km north of the Nadi international airport. EGM has operated continuously for close to 70 years, producing approximately 6.9 million ounces of gold and has an underground reserve of 847 600 ounces with a total mineral resource of 12 335 600 tonnes at 10 g/t (as given in the Emperor Mines Limited Annual report 2003). The mineralisation in Fiji is very exciting and it is common to discover spectacular intersections and outcrops, which are typical for this type of epithermal narrow vein mineralisation, but be aware that the orebodies are variable and not easy to understand.

Jan 1, 2004

A new watersoluble binder for mineral ore pellets has been developed by the sulfonation of bituminous materials. A highly effective binder for iron ore pellet making is obtainable from bituminous materials produced in the hightemperature cracking of crude oils. This paper deals with production process and basic properties of this binder as well as new applications in the field of iron ore pelletizing.

Jan 1, 1974

Newcrest Mining Limited (NML) owns and manages the Ridgeway Gold Mine (RGM) located outside Orange in the state of New South Wales. RGM is a new underground sublevel caving (SLC) operation that is ramping up production to 4 Mtpa. The success of the SLC method at RGM is strongly influenced by production drill and blast practices. Distinguishing features of the Ridgeway SLC operation include choke blasting against broken rock, drawpoint brow preservation, loading of blastholes with different in-hole bulk emulsion densities, precharging of production rings and routine drawpoint fragmentation assessment. These areas are described in the context of RGMÆs required blasting objectives, production drilling and charging activities and innovative practices.

Jan 1, 2002

By Misra A

After review of the status of research on optirnisation of retreat longwall faces it is argued that an acceptable optimisation model must be based upon realistic cost data that take into account not only the face costs, but the total panel costs. These include the cost of development, face cost, removal and installation cost. The determined optimum length of a retreat longwall face is based upon a realistic model and actual costs.Parameters that influence the optimum face length have been varied over wide limits to allow determination of the sensitivity of the model and the effect of the parameters on the optimum face length. It is concluded that for medium production rates and medium system availability, the optimum face length of a retreat longwall face under Australian conditions lies between 180 and 220 metres.

Jan 1, 1995

By Hargraves AJ

Pre-drainage experiments have been conduct- ed at Appin, Cook, John Darling, Leichhardt, Macquarie, Metropolitan and Moura No. 2 Collieries. Appin (550 m deep) experiences particular gas problems in development drivages, and the almost pure CH4 seam gas makes difficult tiro compliance with statutory maxima in intakes and returns. Patterns of 43 mm diameter drain- a,.;e holes drilled ahead and laterally into virgin coal have improved gas conditions in working places and have allowed tolerable advance rates. Cook, Leichhardt, Metropolitan and Moura No,. 2 Collieries have experienced gas and stress phenomena ranging from conical bursts less than one tonne to full scale instantan- -us outbursts of hundreds of tonnes with tens ,f thousands of cubic metres of seam gas. Gas ~Irainage experiments with patterns of holes up a,, 200 mm diameter have been undertaken with ;,;siness monitors on the coal to establish .lative effectiveness. Incremental flows into mg 43 mm diameter boreholes have investigated drainage patterns relative to length, and at comparative incremental flows have nlicated lowered permeability zones at stress ,.,utments. In some CO2 seam gas areas where iammability problems are reduced to perhaps ii, but where outbursts proneness is increased,

Jan 1, 1982

By Bernard G, Limpach R, Ulveling L

A major aspect in competitive ironmaking is to replace metallurgical coke by injecting alternative cheap fuels. Whereas in the past, heavy oil injection as well as on a lower scale natural gas injection have proved to be reliable, the progressing high price level of these fuels has prompted international interest in looking for alternative cheaper fuels, especially pulverized coal. Theoretical analysis and practical operations showed that for constant adiabatic flame temperature, potentially more coke may be replaced by injected coal than by heavy oil, because of less endothermic cracking of hydrogen components. Since about 1974, the ARBED-Group has been looking for alternative fuels and in 1976 came to conclusion to select for first trials pulverized lignite for the following reasons:

Jan 1, 1981

By Lawless JV

Recent exploration for gold on the Pacific Rim has utilised similarities between active hydrothermal systems and epithermal gold deposits. The major control over formation of such deposits is the hydrology of the ore-depositing hydrothermal system, which varies depending upon its geologic setting.

Jan 1, 1987

By H Wright

Black Rock Cave (BRC) is a sublevel cave which was developed in 2018–2020 and has been in production since November 2020. BRC is part of the Mount Isa Mines complex and extracts a leached orebody comprising of high-grade chalcocite ore, situated below the historic Black Rock Open Cut workings. The mine is owned by Mount Isa Mines and operated under contract with PYBAR Mining Services. In 2021 a number of rockfalls occurred throughout the mine and were increasing in frequency. This culminated in a major rockfall on the decline in June 2021, after which the decision was made to withdraw all persons from the mine, initiate rehabilitation and conduct further investigations to deduce a safe method to provide long-term support. The rockfall investigations have shown that the corrosive nature of the highly leached rock mass can consume a split set in less than 18 months. A review of potential corrosion resistant ground support methods concluded that steel split sets have a safe lifespan of six months at BRC, and that all workings must have corrosion resistant support installed prior to exceeding the safe life of the friction bolts. The review recommended the use of 4 m cable bolts as the most suitable method of corrosion resistant support. This new support system, and the requirement to rehabilitate all mine workings within the leached orebody, had an impact to the schedule and an effect on both equipment and manning levels at BRC. Accelerated jumbo rehab allowed access to the production levels within two months of the rockfall. Cable bolting then followed the jumbo bolting in all leached areas. The direct impact has been ten months of reduced production, due to night shift closures of the decline to enable cable bolting. The impact to the mine has been minimised by the small flexible team that enabled the mine plan to change rapidly and often to accommodate the challenging conditions. In less than two months from the rockfall event, production had resumed. Within ten months of concluding that the mine required; full rehabilitation, a new support system and a full re-schedule, normal mining operations had restarted, with pre-event productions rates being achieved.

Mar 29, 2023

The fire started in the development section from methane released into the mine through a roof-bolt hole. The date was 8 May 1998. The flames spread quickly as the coal was ignited. After eight hours the Safety Department decided to seal the vertical ventilation shafts and the slopes. The quality of coal in the Esmeralda Mine is very high quality, and Minerales Monclova (MIMOSA) decided to recover the facilities, however, the Esmeralda Mine coals have a very high gas content of 12 m3/t. Immediately after the mine was sealed, MIMOSA staff implemented a plan to monitor the gas levels underground and contacted specialists for assistance in bringing the mine back on-line. During the next 2.5 months, MIMOSA staff and the specialists observed and analysed the gas behaviour supported by a chromatograph. With the results of the observations and analyses, MIMOSA in consultation with the specialists developed a recovery plan based on flooding the area in which fire might have propagated and in which rekindling was highly probable. Those results were analysed by the command centre (Mexican engineers responsible for mine recovery). At the same time MIMOSA trained rescue teams which included miners who had no previous experience in mine recovery operations. By 20 August 1998, the mine command centre had re-opened the slopes seal. Using a æStep-by-StepÆ system, the rescue team began the recovery process by employing cross-cuts and using an auxiliary fan to establish the ventilation circuit. The MIMOSA team advanced into the mine as far as allowed by the water level and was able to recover the main fan. The official mine recovery date was 30 November 1998.

Jan 1, 2005

By H Bateman, I Cawrse, G Carnes, S Cawrse

In developing mineral resources, the focus typically centres on the management of identified social and environmental impacts and compliance with regulatory requirements. However, opportunities to protect and enhance the environment and communities are most effective in the planning and design phases. Achieving the objective of integrating sustainability considerations as an element of design decision making requires that the design criteria be technically sound, relevant to the project and applicable to desired design outcomes. This is particularly important for projects employing virtual teaming, where design engineers may be geographically dispersed and are unlikely to be familiar with site specific sustainability challenges and opportunities. This paper documents the approach taken by BHP Billiton to incorporate sustainability principles, objectives and guidelines in design criteria for the Olympic Dam Expansion (ODX) project. It describes the range of inputs used in defining sustainability objectives which interface in a framework that is dynamic and transferable to other mining projects and to engineering design in general. The Sustainability in Design Criteria document distils statutory requirements, corporate standards, lessons learned and leading industry practice into a single coherent framework that supports engineers to approach problem solving as a holistic and integrated exercise with a long term perspective. The framework also serves to improve linkages between internal stakeholders by fostering greater communication, collaboration and innovation to deliver more sustainable outcomes through the design process.

Jan 1, 2009

By Christie GB, Mainwaring DE, Leong YK

High solids brown coal slurries have been prepared with concentrations approaching those achieved with bituminous black coals. The high inherent water content and macroporosity of Victorian brown coals have been reduced in a controlled manner by chemical and mechanical means. The hydrophobicity of the coal surface has been increased sufficiently to reduce the tendency for swelling and water uptake. This together with densification has allowed the solids content to be progressively improved from 25% solids with raw coal to 65% solids with modified coals. Both raw brown coal and modified brown coal suspensions show shear thinning behaviour resulting in lower viscosities at higher flow rates. All coal suspensions displayed a yield stress once sufficient solids concentration was achieved. This yield stress can be used in the prevention of solids settling. Under simple shear mixing the network structure that provides the yield stress quickly breaks down to a low viscosity fluid with reduced yield stress and a pumpable consistency. The time necessary for structural recovery is in the order of days permitting shut-down and start-up of fuel delivery systems.

Jan 1, 1987

Traditionally, the development of a mineral resource project goes through a fairly set pattern of decisions from what commodities to search for; where to look; how to locate; what are the reserves; how can they be exploited with optimum returns for all stakeholders; where are the markets and what will be the price received; what financing arrangments? However, due to the unique nature of most mineral resource properties, the relative significance of individual parameters on the ultimate development decision will vary from project to project. Sensitivity analysis in its formal sense is most frequently related to the economic analysis of a project particularly in conjunction with the ultimate development decision making process, and acknowledges the uncertainty of the actual values with their impact on the corporate decision making yardsticks. In many cases, this analysis merely adds more values to confuse the decision makers who may well opt for some subjective rationale to overcome the numeric confusion. However, sensitivity analysis should be used more frequently to exploit the development dollar to its maximum, THROUGHOUT the phases leading to the development decision. It is essential to identify the critical inputs to the various decision tiers in a project as early as possible and direct the funds to ensure that these parameters are determined as accurately as possible. Examples are used to illustrate the need for an even-handed quantification of the parameters which affect the outcome of decisions en route to the final one while minimising the risk in making an optimum assessment in relation to development funds Available.

Jan 1, 1983

By D Kilkenny, D Nardini, P Kline

This paper is a case study highlighting learnings and success in two areas challenging underground miners: change management and collaboration. It examines the implementation process of a new automated loading system in the bulk stoping area of Telfer Mine in Western Australia, controlling multiple load haul dump machines. Here, the new technology has brought together different functions and different companies to deliver a well performing automation system in a changing and challenging mining environment. The introduction of a new and different technology on site has driven collaboration between all stakeholders to break down the traditional barriers to achieve the sustained performance required. Historically, different teams have operated within silos and not always aligned to deliver a ‘best for project’ solution. Technical teams focus on the mine design, maintenance teams focus on reliability and operations execute the plan. Mining contractors focus on productivity and cost. Manufacturers focus on supply of goods and service. Optimising each silo individually is not guaranteed to provide an optimal mining solution. Involving elements from each team as seen at Telfer, has resulted in an optimal mining solution for the automated loading system. A change of focus from the technical teams to include automation parameters in the mine design; operability and maintainability built into the system design allowing for collective ownership and responsibility resulting in a more resilient solution. The implementation of the new technology was not only a technical change but more importantly, successful management of change. Elements of successful change management such as communication, vision, leadership and planning, are essential to harness a trusting site culture which is responsive to new technology. Learnings and challenges from this change process will also be discussed with the intent to improve the success rate and timelines of technology implementations in the future.

Mar 15, 2021