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Banks' focus in using cash flow methods can differ markedly from that of equity investors. This paper attempts to explain and describe bankers' approach by: ò outlining the fundamental difference between banks' and investors' risk / return profiles. ò describing lenders' consequent use of cash flow methods in mineral valuation. areas. explaining lenders' specific treatment of key risk Fundamental to understanding banks' appraisal of mineral projects is the appreciation that lenders have a basically different risk profile and outlook from those familiar to equity investors. Lenders do not normally participate in any project upside. The economics of lending dictate that banks can only accommodate a low probability of loan default and consequently banks' principal focus in mineral ""valuation"" is ensuring an acceptably comfortable probability of debt repayment. A simple conceptual explanation of lenders' risk / return position is outlined.

Jan 1, 1994

By Shoobridge PH

Operating difficulties during 1977 with the Imperial Smelting Furnace operated by Sulphide Corporation Pty. Limited at their Cockle Creek zinc-lead smelter were found to be caused by premature softening of sinter in the upper shaft of the furnace. This soft- ening was shown to be a consequence of raw materials and operating policies which led to unusually high levels of both lead and silica in a sinter of low basicity. A programme of softening tests and micro-examination of a range of sinters established that premature softening occurred when lead and silica increased to the point where a lead-calcium silicate with a low lime content became the major continuous phase in the sinter. This information was used to define a range of compositions which kept the softening temperature acceptably high for furnace operations.

Jan 1, 1978

By Burgess JM

Research on gas distribution in the iron- making blast furnace has been conducted in three separate areas. Firstly, experimental work has been conducted to determine the important parameters which dictate the pressure losses in homogeneous and heterogen- eous packed beds. Secondly, a theoretical analysis of gas flow through the furnace softening-melting zone has been undertaken to determine the effect of the shape of the zone on the distribution of gas flow towards the furnace walls. Thirdly, a theoretical programme has been undertaken to develop methods for the prediction of furnace soften- ing-melting zone shape from furnace tempera- ture and gas composition measurements.

Jan 1, 1980

After extensive testing and a period of plant trials to establish the benefits of Caro's acid (H2S05) as an alternative oxidant, Queensland Mines Limited (QML) decided to replace pyrolusite with Caro's acid in its acid leach uranium treatment plant at Nabarlek. The decision was based on the reagent savings and environmental gains associated with the removal of manganese from the process liquors, as well as the labour savings and improved oxidation reduction potential control possible in leaching using the Caro's acid system. The permanent Caro's acid generating plant was designed by Interox Chemicals Pty Ltd of Australia (IC) to suit QML's require- ments and differed from the unit used during the plant trials. Commissioning of the plant was completed in April 1983 and it has been continuously used since that date.

Jan 1, 1984

By M S. Henderson, R D. Alorro, L G. Dyer

An alternative leaching system for rare earth element recovery from monazite is under development. The initial stage utilises oxalic acid to convert the rare earth phosphate into an oxalate salt through dissolution and reprecipitation and it is the efficiency of this stage that governs the overall recovery achieved. It has previously been proposed that lixiviant consumption is the primary limitation in this process. This work further investigates a range of conditions in an attempt to further elucidate the factors influencing the achievable conversion in this stage. It has been shown that the pH may be governed by multiple reactions both consuming and producing acid (thus the mild change over time). The importance of proper mixing and potential to operate at lower temperature with only moderate impact on kinetics has also been demonstrated. Staged/sequential leaching is more effective in fresh solution as opposed to restoring the lixiviant concentration with subsequent reagent addition, suggesting some impact of solution composition. However, contrary to previous findings, subjecting the leach residue to fresh solution resulted in significant decline in leach rate and overall dissolution. This may be because a greater proportion of conversion was achieved in stage 1 in this work than in previous investigation. This may indicate that eventual passivation or the presence of some more refractory REE minerals limits dissolution. Iron dissolution was relatively consistent upon exposure to fresh solution, displaying the ability of the solution to continue to leach the goethite component of the concentrate.

Aug 24, 2022

By M Oyarzún

Direct relationships between rock texture and BWi (grindability index) have been established based on geological and metallurgical information supported by optical microscopy observations, gathered from 731 samples.Each recognised rock texture is observed to be related to a certain BWi range and, this texture is also characteristic of distinct lithological subunits (recognisable at mapping scale). Therefore, this relationship may provide an important tool for early milling in situ estimation.Since each textural type is a response to rock formation conditions, the causality of the relationship between BWi and texture is based on such conditions and, particularly, on the interfacial free energy among its components.According to the abovementioned textural features, the greater the free interfacial energy between mineral components, the greater the necessary energy required to break its grain boundaries and, consequently, the greater the necessary energy required for milling.If the textural evidence indicates that the rock was able to adjust the shape and/or size of its components – in a natural tendency of all systems to minimise energy– then the necessary energy required to break its grain boundaries will be lower.

Sep 5, 2011

This paper addresses, in particular, the influence of winding depth on the selection of head ropes for Koepe winders. Because this is just one aspect of winder design that affects the operational safety of the winding system, the paper starts by considering all the issues governing the life and safety of the winding ropes. Regulations from a variety of countries are reviewed and comparisons of the legislated rope factors of safety and their variation with winding depth are made. This is followed by a discussion of the typical observed mode of in-service deterioration of Koepe head ropes. This mode of deterioration is due to fatigue and is influenced by the load range occurring in the ropes. Parameters contributing to load range are discussed and the influence of winding depth is highlighted. Lessons learned from early experience with very deep Koepe winders in South Africa are recalled. Predictions of load range as a function of depth are made, from which general rope life predictions are made for ropes selected by conventional national factor of safety requirements. This is illustrated in graphs comparing rope life as a function of depth. Typically a reducing life with depth is predicted. A rope selection strategy is advocated, which is based on achieving a constant rope life irrespective of the depth of wind. A new factor of safety (or rope design factor) equation is prepared that has the trend of increasing with depth. This proposed equation is compared with other published proposals that promote an increasing rope factor of safety with depth. It is shown that smoother winder drive controls enhance winding rope life and this improvement is quantified. The paper concludes by pointing out the consistency in predicted and observed life of winding ropes selected in accordance with legislated factor of safety approaches. It recommends the adoption of a new rope design factor equation for rope selection, to be used in conjunction with appropriate codes of practice for winding rope condition assessment and for the design, installation, operation, maintenance and testing of Koepe winders. The new rope design factor equation approaches a limiting economic depth of wind at shallower depths than the existing Koepe factor of safety approaches. However these older approaches æbuild-inÆ a reducing rope life with depth. The new rope design factor is therefore a more consistent way to select Koepe ropes and to evaluate economic trade-offs between Koepe and conventional double-drum or Blair winding systems.

Jan 1, 2005

By M Grigorescu, J H. Hodgkinson, M Khanal

The mining industry often needs to operate in remote or climatically harsh locations. The industry has recently been forced to deal with extreme conditions including floods, heatwaves and droughts. As these are becoming progressively frequent occurrences, mines typically build ‘downtime’ into production schedules and expect to incur costs to manage the various risks arising from climate extremes. Importantly, many environmental conditions are becoming more extreme and consequently, risk management based on past data can become increasingly ineffective. Market and shareholder demand for fewer interruptions are another pressure on mines to avoid prolonged or frequent downtime. Hence, adaptation to climate is becoming an important strategic move for many companies, many of whom are using future climate scenarios and alternative risk evaluations.We present here a method that uses commonly available mine site data to assist decision-making for reducing vulnerability to sudden flood. The method, ‘climate-related adaptation from terrain evaluation results’ (CRATER), identifies a mine’s flood ‘hot-spots’ and presents them as a ‘traffic lights’ warning map. The process then requires a failure analysis process such as fault-tree analysis to identify both the cause of possible failures and a range of possible failure-avoidance adaptations. In the final stage, management can assess the most suitable option for the mine, based on the availability of capital such as time, facilities, labour and money in addition to social acceptability of the options. CRATER has been tested in an open cut mine environment and is now being further developed to identify how subsidence over underground mines may impact on flooding and ponding over the mining life cycle (CRATER II). Further work is continuing to test larger and more complex mine landscapes to deliver a method to extract more knowledge from existing data.CITATION:Hodgkinson, J H, Grigorescu, M and Khanal, M, 2016. Reducing mine site extreme rainfall vulnerability using climate-related adaptation from terrain evaluation results, in Proceedings International Mine Management Conference, pp 187-200 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Jun 22, 2016

By Doyle R

Underground operations commenced at Tower Colliery in late 1978 and the early prevailing mining conditions in the worked seam were considered poor as a result of high stress and geological disturbances. This suggested that outbursting activity may be a possibility. The colliery has since recorded a total of 13 individual outburst incidents, all of which have been associated with the same dyke and strike-slip fault zone. This paper depicts the geological conditions and presents the results of investigations undertaken at the time of these outbursts.

Jan 1, 1986

By M D. Goodz, Wright R. F

This paper highlights the importance of accurate observational technical reports compiled by Mining Geologists and Engineers. Before uncovering the original reports in July 1992, all previous investigations discounted returning to old mining areas on the belief that all operations were suspended because they were 'unpayable'. However, the detail of the original reports removed any doubt of the economic value of retrieving remnant ore.The important feature was that the description of 'unpayable' by GMA could be equated to 11.6 - 35 g/t over the history of the mine. On the basis of these reports the Morning Star mine has been re-opened.

Jan 1, 1993

By A Fyans, B Ghahreman-Nejad

This paper discusses the method and results of an options study into selection of the optimal form for a 130 m high tailings/water retaining dam, located in a region of high seismicity in central Iran. The proposed dam is part of a planned expansion project for Sarcheshmeh Copper Mine (SCM), which after construction will provide 550 million tonnes of additional tailings storage over the next 27 years. Geotechnical investigation at the proposed site indicated that adequate suitable low permeability materials (i.e. clay) were not available in the immediate vicinity of the dam site and would need to be imported from a distance of well over 10 km (direct). Given the magnitude of the estimated quantity of material and construction cost it was considered prudent to compare the cost of alternative dam design options for the proposed storage. A total of five dam design options are considered including a conventional rockfill embankment dam with an upstream sloping earth core (ECRD), a geomembrane face rockfill embankment dam (GFRD), a sloping asphalt core rockfill embankment dam (ACRD), a roller compacted concrete dam (RCCD), and a filter rockfill embankment dam for tailings storage together with a separate smaller earthfill core rockfill dam (ECRD) located downstream for storage of decant water. The risks, costing and design of all options are discussed in detail and the outcome of the study is presented.CITATION:Ghahreman-Nejad, B and Fyans, A, 2018. Optimum embankment design for a tailings dam, in Proceedings Mine Waste and Tailings Stewardship Conference 2018, pp 427–438 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Jul 23, 2018

There are many compelling reasons why correct sampling schemes should be standard practice in the mining industry, yet there are numerous examples where poor sampling practices are known to exist in the business yet permitted to continue. It is not just technical issues that can be ascribed to the reasons for the continued use of incorrect methods. This paper proposes non-technical reasons why incorrect sampling practices continue, and identifies potential ways to overcome them.

Mar 1, 2010

Aitik, a Boliden owned and operated open pit mine located in northern Sweden, will expand production from 18 Mt per year today to 36 Mt per year copper ore during 2010. The challenge for the mine operation is to double production with a planned increase of the shovel and truck fleet of only 50 per cent. This will be achieved through improved shovel and truck utilisation and productivity. In early 2005 Aitik started projects to enhance the utilisation of truck engine hours and to reduce fuel consumption. Both projects were successful, within a year efficient2 utilisation of engine hours increased from 60 per cent to 75 per cent and fuel consumption was reduced by six to eight per cent. The truck utilisation project focused on minimising idle truck hours by for example four operators on three trucks thus reducing idle engine hours to minimise lost time for breaks and shift changes. Other measures included focusing on improved dispatch usage, parking trucks when overtrucked, etc. Eco-driving was a project together with Swedish Road Administration with the objective to combine economical and environmental savings. To keep the focus on eco-driving a reward was set up for the shift team with the lowest fuel rate over rolling 15 weeks periods. Both activities included a comprehensive training program for mine foremen, dispatchers and truck operators focusing on efficient use of trucks from economic driving to optimised truck dispatching and minimising idle engine hours. Online monitoring of trucks activities and fuel consumption combined with continuous reporting gave shift foremen and management a tool to discuss and follow trends and individual shift team performance. The combination of close monitoring of mainly organisational practices and operator training resulted in significant productivity increase and lower operating costs without any capital investments.

Jan 1, 2007

By X Hu, Z Pokrajcic, R Embry, P C. Stewart, J Carpenter, E Jones

Whilst the value of Pit to Plant and Mine to Mill optimisation has been proven since the 1990s, sustaining the productivity and efficiency gains typically requires ongoing test work, blast trials, plant surveys, and model calibration services. In contrast, the input to digital twin Pit to Plant or Mine to Mill optimisation is tens to hundreds of millions of tonnes of standard mine operating data. This paper presents a series of digital twin case studies from across the mine value chain, including machine learning testing methodology, model accuracy statistics and the application of Shapley Additive Explanations (SHAP) for model interpretation. These case studies demonstrate how machine learning and data fusion ore tracking connects hundreds of millions of tonnes of downstream performance data to produce digital twin models (operating models that are continuously updated and integrated into the wider Mine to Mill/Pit to Plant ore tracking system). Digital twin modelling software has been used to add block model variables for dig-rate, crusher and mill throughput, recovery (tailings grade), lump yield, product grade and product quality, fines yield and fines in lump. Block-by-block predictions are added to the geological resource and grade control block models as new block model variables. These new block model variables are used across all mine planning time horizons from life-of-mine planning to daily schedules. In addition to the materials handling and geometallurgical prediction case studies, the paper also presents digital twin case studies for drill and blast simulation and plant set point optimisation. The case studies show how digital twin simulation enables drill and blast engineers to simulate the effect of different blast designs in different blast domains using the mines operating data. Plant set point optimisation applies mathematical optimisation algorithms to the machine learning model to provide live operational decision support to metallurgists and plant operators. The digital twin machine learning case studies demonstrate a digital and sustainable paradigm for Mine to Mill and Pit to Plant optimisation.

Jun 22, 2022

By Peck W

The tunnel alignments investigated for the Gosford Regional Sewerage Scheme are located in the Terrigal Formation and are covered for most of their length by a thick blanket of soil and weathered rock. The following techniques were found to be most effective in geotechnical investigations for tunnelling in this area: air-photo interpretation, seismic surveys to pinpoint drilling targets, in-situ measurements of strength,deformation modulus and permeability in cored holes, and the construction of rock- mass models. Cross-hole seismic modulus measurements, surface resistivity soundings and electric well-logging techniques were found to have limited applicability due to adverse local conditions.

Jan 1, 1976

By Bodnaras G. E, Sceresini P. A

The Filblast Cyanidation Process incorporates the advantages of intense high shear mixing, high dissolved oxygen concentration and high pressure to achieve extremely rapid gold dissolution rates. This is made possible by the unique design of the Filblast gas shear reactor. The reactor is a rugged and compact in-line device. The outer casing is protected by a polyurethane coating and the internal parts are of wear resistant polymer. The largest unit built to-date has overall dimensions of 1200 mm length by 300 mm diameter and has a capacity of 150 dry tonnes per hour at 40 - 45 per cent solids. Service life at this throughput is at least three months. The process may further be applied to high temperature leaching of refractory gold ores or other metals. Wear resistant metal or ceramic materials would be employed for this duty. Four mines are currently employing the Filblast Process for treating a variety of ore types ranging from highly reactive, almost impossible to treat, pyrrhotite/arsenopyrite to deeply weathered clay ore which forms a highly viscous pulp. The effect of shear thinning has resulted in improved adsorption kinetics resulting in higher carbon loading and reduced soluble gold loss. Total tonnage treated is approximately four million. Operating costs which include leasing and maintenance charges for the Filblast and pump power costs are about 16 cents per tonne. This is equivalent to about ten per cent of savings. Laboratory scale units having capacities up to 30 litres/min are available for test work but laboratory testing techniques so far developed do not accurately reflect the oxygen and cyanide savings which have been achieved in the plant.

Jan 1, 1994

By Wooltorton B

Highwall failures in surface coal mines in Queensland occur as circular slips through weak and weathered material, or as bilinear slides on sub-horizontal surfaces and steeply dipping joints. Weak horizontal planes occur in the Permian-Tertiary unconformity or on bedding surfaces within the Permian Coal Measures. Sub-vertical movements occur along rock joints and tension cracks induced by stress relaxation after excavation. Blasting also introduces new fractures and causes movement along existing rock discontinuities. Critical factors for stability include the dip direction of potential failure surfaces, shear strength of the rocks, damage due to blasting prior to highwall excavation, groundwater conditions, the type and performance of clays on shear surfaces, and pit geometry.

Jan 1, 1981

By M Doran

The Olympic Dam mine utilises 1.1 m to 1.4 m diameter raise bores for generating the initial slot void for most production stopes. Slot raise bores generally span two development levels ranging from 30 m to 50 m in height. Raise bores are reamed upward and typically leave a cap of rock equivalent to two times the raise bore diameter on the drill level (minimum 3 m). This provides safe access over the cap for subsequent production activities. It is therefore critical to ensure robust falling object protection for personnel accessing underneath, and in the vicinity of the raise bore void on the lower level. Recently, a number of mesh failures have occurred at Olympic Dam as a result of falling rock from the underside of the cap and raise walls. In addition, as Olympic Dam transitions to deeper and more challenging ground conditions, rockfall-off onto the raise bore protection mesh is anticipated to increase in frequency. This paper discusses the evolution of raise bore protection mesh used at Olympic Dam and presents results from recent site-based drop testing. This impact testing was carried out using a built for purpose object to replicate point loading and shear failure of mesh wires. Testing was also carried out on an improved mesh design which utilises two layers of Geobrugg high-tensile MINAX mesh. Results from the drop testing suggest an improvement in performance of the raise bore protection mesh is realised with the updated design.

Mar 29, 2023

The first geological maps of parts of Australia were produced in the 1830s and 1840s, many being for purely practical purposes, such as indicating the occurrence of coal, iron and other essential materials. Mineral location maps were also first made about the same time.More systematic geological mapping commenced in the 1850s when large parts of New South Wales and Victoria were studied in government-sponsored surveys by geologists such as Samuel Stutchbury, Alfred Selwyn and Reverend William B. Clarke. Their work coincided with the opening up of most of the major goldfields of eastern Australia, which led to the establishment of Departments of Mines in the separate Colonies (later States within the Commonwealth of Australia).A few companies employed consultant geologists at this time, and the mapping by Frederick Odernheimer is particularly notable. Geological study of Australian ore-deposits and mineralisedareas was influenced by the continental European geological ideas of men such as Odernheimer as well as by those from England. Both geological and mineral maps were a feature of Colonialdisplays presented at major international exhibitions during the second half of the nineteenth century. The maps accompanied rock and mineral collections which showed the known and potential mineral wealth of the Colonies. Such displays raised interest in the potential for development amongst government officials, entrepreneurs and investors in Australia and abroad.By the 1880s most of the Colonies had produced basic geological maps, and several maps of the whole continent had been published. Although systematic mapping of the continent become a reality only in the 1950s, the nineteenth century geological and mineral mapping formed the basis for the development of the major coal, artesian water, and metalliferous mining regions of Australia.

Jan 1, 1990

By Hayes P. C

The reduction of small, dense zinc oxide (ZnO) samples in CO/CO2, and CO/N2 gas mixtures has been investigated at temperatures between 900 and 1100¦C. The microstructural characterisation of the reacted and partially reduced samples was complemented with measurements of the rates of the reactions. The mechanisms and kinetics of reduction of zinc oxide were found to be dependent upon the CO partial pressure, the oxygen potential of the gas mixtures, temperature and degree of reduction.

Jan 1, 1991