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By A Scott, S Kanchibotla, J Segui

The æMine to MillÆ concept is not new. In fact, it is the underlying objective of every mine. Unfortunately, in many operations the management structure and reporting systems have created independent æbusinessesÆ within the overall mining enterprise. This has created incentives to optimise the performance of each component of the operation rather than the enterprise as a whole. The Mine to Mill Conference organised by The AusIMM in October 1998 documented a number of case studies where run of mine ore was not presented to the mill in the best possible form for subsequent stages of comminution and processing. A number of examples were quoted where modest expenditure in the mine had a very significant impact on downstream process efficiency and hence costs. Examples included:the minimisation of fines in the mining and handling of iron ore; the management of fines in blasting and crushing for a copper heap leach operation; the control of blast damage, mining recovery and dilution in open cut coal operations; and the optimisation of mine fragmentation to increase mill throughput in gold and copper operations. The latter topic has been trialed at a number of mines and is referred to as æMine to MillÆ fragmentation. A number of æMine to MillÆ type investigations have been reported in the literature including Pease et al, Simkus and Dance, Nielsen, Scott et al, Kojovic et al, Kanchibotla et al, Bulow et al and Hawkes from the 1998 Mine to Mill Conference. In addition, a number of studies are in progress or the results have yet to be published. These studies have demonstrated the feasibility of obtaining the data required to characterise the breakage behaviour of ores and to model the impact of changes to blasting practices on process efficiency. Characterising the breakage behaviour of ores is a vital step in the management of fragmentation and comminution in mines. The characteristics of importance to fragmentation fall outside the parameters conventionally required to describe the economic geology of a deposit. æMine to MillÆ optimisation of fragmentation means that the mining engineer needs information from the geologist in order to be able to help the metallurgist. Providing this information requires close interaction between these groups.

Jan 1, 2000

By Corbett GJ

The Bulolo Graben represents an intra-arc rift formed by activa- tion of transfer structures in an extensional setting formed be- tween the eastern and western sectors of the New Guinea Origin. Crustal thinning has facilitated the emplacement of dacitic Edie porphyry intrusions, locally as flow dome complexes, phreatomagmatic (diatreme) breccias and the Bulolo ignimbrite/ agglomerate as an extrusive equivalent of the Edie Porphyry. Gold mineralization is localized along intra-graben structures, com- monly at the intersection with cross structures and occurs in sub- sidiary dilational fractures and not the localizing major structures. Gradations are apparent in the styles of mineralization according to the degree of erosion of the hydrothermal system. Hamata occurs as the deepest mineralization of the quartz-sul- phide style Wau, Hidden Valley, and Edie Creek are dominated by carbonate-base metal styles. Kerimenge grades from quartz sulphide through carbonate-base metal to epithermal mineraliza- tion, the latter style also being present in the periphery of Edie Creek. Here, pre-existing fractures of the Edie Creek Structural Corridor have been reactivated by movement on NS structures to form the ore-hosting dilatant lodes. Fluid flow may have been from the vicinity of the Nauti diatreme margin and along the vein System.

Jan 1, 1997

By J A. Cowburn

The high intensity zone within the Jameson Cell is the downcomer. It is largely external and separated from the flotation tank. This, together with operation of the downcomer under vacuum, rather than at elevated pressure and the absence of moving parts, allows ready access to the high intensity zone for measurement and analysis. Experimentation was conducted allowing measurements of recovery for residence times of between 20 milliseconds and ten seconds within the downcomer of a Jameson Cell. The affect of aeration rate on the recovery of different particle sizes was also studied.

Jan 1, 2005

By S J Riley

The cover (cap) over the tailings pit at Nabarlek uranium mine must be structurally stable as it will act as a barrier to radon gas emission and have to contain other long-lived radionuclides. Structural stability is primarily an issue of erosional stability in the context of a design life of thousands of years. The primary agent of erosion is fluvial, dominated by rainwash, overland flow, filling and gullying in the local area. Other agents of erosion are of less concern although biogenic agents of erosion (eg termites and windthrow) may enhance fluvial activity. Several methods may be used to assess erosional stability. They fall into two main categories, namely erosion modelling and geomorphic modelling. The former is illustrated by the Universal Soil Loss Equation in which parameters describing aspects of the geotechnical and hydrological properties of the rehabilitated surface are used as input for the modelling of erosion rates. The latter is illustrated by estimates of gully and valley erosion using empirical models. Estimates of the erosion rates and stability of the Nabarlek cover are presented. The two main techniques are complementary and it is argued that rehabilitation design must make use of both approaches when estimating erosion and geomorphic stability. More recent developments in geomorphic modelling using numerical techniques incorporate both approaches.

Jan 1, 1994

By D A. Collins

The floatability methodology developed by the AMIRA P9 project through research contributions by the Julius Kruttschnitt Minerals Research Centre (JKMRC, Brisbane, Australia), University of Cape Town (UCT, Cape Town, South Africa) and McGill University (Montreal, Canada) has been successfully commercialised through JKTech. The methodology involves detailed flotation plant campaigns which require large quantities of data to fit models that can be used in JKSimFloat (a steady state simulator for the flotation process). The methodology to date, although widely accepted as the best flotation optimisation technology available, is limited to existing circuit optimisation and requires full plant or pilot plant data to calibrate new models. The floatability of new ore types cannot be characterised using this method unless a pilot campaign is undertaken. After reviewing a large database of existing industrial floatability data, a new methodology is proposed that involves a laboratory based flotation test procedure and review of the floatability database to characterise the floatability of new ores. The full methodology is labelled the floatability index test procedure (JKFIT). This paper outlines the JKFIT procedure and the results of applying this methodology to pilot plant data from a copper ore. JKFIT was applied to two different feed sizes (namely a P80 of 180 microns and 212 microns) of this copper ore. The results of applying JKFIT to this case showed that the metallurgical response (in terms of grade and recovery) from the full pilot plant survey data could be predicted well. Further validation of this methodology was conducted on a separate copper ore. The results from this validation also showed that the JKFIT test was able to be used to predict the full plant performance. The JKFIT test has the potential to become the 'drop weight' test of flotation which will improve the confidence in plant design flow sheet layouts, allow full orebody characterisation and prediction of key grades and recoveries before the ore enters the plant, and will provide an improved methodology for chemistry impact analysis on different ores.

Jan 1, 2008

By McKee D. J

Much research is aimed at providing a revolutionary advance in technology that has the potential to render current mining and beneficiation problems obsolete. Such revolutionary advancements have been significant but few in number. Recent history shows that most improvement has been derived from a series of incremental improvements to the many processes that make up mining and beneficiation systems. Management approaches are changing to encourage this 'continuous improvement' and to support its implementation through the formal management of quality. This paper reviews some of the industry's priority R&D project areas and demonstrates that very significant opportunities are available to broaden the focus for improvement from individual processes to include the interaction between mining and mineral beneficiation systems.

Jan 1, 1994

By G Bournival, Y Pan, S Ata

A custom-made set-up that measures bubble coalescence time and the thin film balance (TFB) technique were used to explore the role of residual xanthate (potassium amyl xanthate, PAX) and salt (NaCl) on the adsorption of two frothers (methyl isobutyl carbinol-MIBC, and di-propylene glycolDPG) at the air-water interface. This paper is primarily focused on the comparison of these two techniques in studying the interaction between the flotation reagents and salt emphasizing their capabilities and limits. The results from the coalescence rig showed that the presence of PAX improved the stability of bubbles in both frother solutions and led to a bubble coalescence inhibition at 50–500 ppm DPG. These measures were compared with the results from the TFB. Findings from the TFB were overall in good agreement with the bubble coalescence time, but a higher stability level was observed in thin films under the same condition. The effect of salt on the frother and PAX mixture was also explored, and the results showed an adverse impact of the salt on the interaction of frother and PAX with both techniques. However, variations were found between them in some cases. The TFB is much more sensitive to the presence of dissolved gas and oil droplets.

Aug 24, 2022

By M D. Urbani

HiTec Energy Ltd has been conducting research since 1996 into novel process routes for the treatment of low-grade and waste manganese sources for the production of high value and high quality electrolytic manganese dioxide (EMD) for the alkaline battery market. HiTecÆs approach is to treat previously unsaleable manganese deposits and mine site tailings using a novel sulfur dioxide leach route, followed by purification and electrowinning to generate the sought-after EMD product by an environmentally superior processing route to those presently practiced throughout the world today.HiTec Energy Ltd expects to be in commercial production with its Stage 1 facility in Kalgoorlie in the last quarter of 2004 for the production of 12 500 tpa EMD. With this production facility being adjacent to a laterite nickel producer with available waste manganese units, the opportunity arose for HiTec to combine its existing technologies with processes (that will be discussed in this paper) to turn two waste by-products into products that are used for high-tech purposes.HiTec Energy Ltd and the Parker Centre have had a collaborative research relationship for a number of years in areas involving EMD and battery related technologies. Meanwhile the solvent extraction (SX) group of the Parker Centre (CSIRO Minerals) has developed SX processes to separate manganese from nickel and cobalt. A project was initiated by HiTec Energy to recover manganese from waste laterite leach solutions using SX technology. Batch tests were conducted to select a suitable organic system for the extraction of manganese in terms of selectivity and extraction and stripping kinetics.A total of eight organic systems were tested by determining pH isotherms of metals using a laterite nickel process waste stream. Two organic systems, the Versatic 10 and Versatic 10/synergist systems, were chosen for further test work with Shellsol D70 chosen as the diluent for both systems.The Versatic 10/synergist system would be advantageous over the pure Versatic 10 system because fewer SX stages are required, resulting in a smaller organic inventory and lower capital costs. The risk of gypsum formation is also significantly lower with the synergistic system.

Jan 1, 2004

By P B. Hills

This paper discusses the computerisation of the drill hole database, some historical records and the creation of a three-dimensional model of the gold bearing structures for resource estimation and mine design at the Beaconsfield Gold Mine in northern Tasmania. The phase of the work reported here commenced in November 1997 and was completed in March 1998. The historical mining on the Tasmania Reef had reached a depth of 450 m below surface when work ceased in 1914. Production up to this time was 854 000 ounces gold. Recent activity has concentrated on testing depth extensions of the previously mined ore structure, to a depth of 1000 m below surface, and the establishment of an underground mining operation to exploit this resource. The lode structure at Beaconsfield is a typical mesothermal vein style deposit. Gold is contained within narrow quartz, carbonate and minor sulphide reefs or veins. Reef width is variable from a few centimetres to several metres with æsplitsÆ or bifurcations being common. The reef averages 2.7 m true width in the economic zones. The key feature of this style of mineralisation is that reef continuity can be confirmed by drilling to a high level of confidence, but the gold grades are somewhat more erratic in nature. The resource estimates were based entirely on drill data. The drill intercepts on the reef were coded for each split directly into a database and these allocations validated graphically. The distribution of grades and widths show an increasing gold grade with reef width for both the drill hole and historical data. The same histogram patterns, mixed populations and overall arithmetic average grade for the historical mine (at 21.52 g/t > 3 g/t Au) and new drill data (at 21.55 g/t > 3 g/t Au) would indicate that there has been no major change in the overall style or grade of the ore from the historically mined areas to the new resource. The reef, host geology, area of historical workings and resource zones at the Beaconsfield Mine were defined as a series of closed wireframes. The Tasmania Reef was modelled as five mutually exclusive wireframes, one each for the Main Reef, Footwall split, Second footwall split, Third footwall split and Hangingwall split. The data for this exercise was extracted directly from the drill hole database, stored in Microsoft Access format. The formation of the solids was largely automated with manual validation and refinements allowing for multiple runs using different interpolation methods and combinations of drill holes. A rotated 3D-block model in the plane of the Tasmania Reef was created to contain the grade model and allow for tonnage, grade and reef width estimates. An inverse distance squared (ID2) interpolation method was used with ranges of 25 m along strike and 125 m down plunge with blank areas infilled with 50 m by 250 m. Each reef split was filled separately using only drill intercepts from that split. The method was independently validated used MIK methods. Longitudinal sections have been prepared showing gold grade, reef width and width +grade. Estimates were also made for arsenic, sulphur and other minor elements. The long sections show three distinct mining zones. A method is presented for the conversion of the resources to reserves by the addition of mining parameters for minimum mining width, minimum pillar, cut-off grade and internal and external dilution. The selection is done on columns within the block model, and allows for all splits to be considered at once. Multiple runs can be made for varying combinations of parameters to test different mining methods and their impact on reserves, mine life and NPV.

Jan 1, 1999

The mineralised members of the Brockman Iron Formation mined at Mt Whaleback are overlain and underlain by shale horizons. To maximise resource recovery, waste movement within the life of mine plan includes mining of the:unmineralised banded iron formation (BIF), Mt Whaleback Shale, Mt McRae Shale, Mt Sylvia Formation, and parts of the Wittenoom and Jeerinah Formation. With the exception of BIFs, all other units contain zones with varying amounts of sulphides and carbon û æreactive shaleÆ. Reactive shale has a propensity to self-heat and can react with some explosives, resulting in spontaneous explosion. Sulphide rich zones also have the potential to generate acid rock drainage (ARD). Mining reactive shale at the Mt Whaleback mine must be undertaken in a safe, efficient and environmentally responsible manner. Key tasks in the mining process include:100 per cent identification of blastholes that may contain reactive shale; 100 per cent correct loading of blastholes with specified blasting products; 100 per cent of reactive shale mined, hauled and dumped in designated overburden storage areas; 100 per cent containment and treatment of ARD water onsite; and ongoing research into ARD, self-heating and spontaneous combustion. Successful mining of reactive shale requires constant co-ordination between the geology, mine planning, mining and environment departments.

Jan 1, 2002

By E M. Wightman, C L. Evans

A recent survey of mineral processors undertaken as part of the International Mineral Processing Council (IMPC) Education Commission identified mineralogy as one of the key skills required for mineral processors (the other key areas being comminution, flotation, physical separation, sampling and extractive metallurgy). Past experience in a number of operations has shown what can be achieved when the data outputs from mineralogical tools are coupled with people with the right skills who can transform the data into actionable information. This paper reviews what has been done successfully in plant operations over a period of more than four decades and gives examples of a range of applications with both long and short-term objectives. The examples demonstrate the usefulness of mineralogical data – both basic and complex – in optimising mineral processing operations, whether the data are applied in a simple analysis or in more complex modelling. Similarly, the examples show the range of options available for operations to access the mineralogy information they need – through in-house experts and equipment based in centralised technology centres, through on-site equipment and experts or through external laboratories and consultants.The examples from industry highlight the huge potential benefit of including mineralogy as an integral part of operational best practice and raise the question of why more operations do not utilise what should be readily available data. Successful application of mineralogical data requires skilled people to generate relevant data of the required quality, together with skilled people to interpret the data (this may be the same person). And, as in any project, corporate recognition of the value of this approach to best practice is required to ensure continuing support. With fewer university courses providing courses in process mineralogy to undergraduate mineral processing engineers and chemical engineers, there is an increasing lack of knowledge about what mineralogical information is needed, how to get the required data and, equally importantly, how to turn the data into useful information.CITATION:Evans, C L and Wightman, E M, 2018. Understanding minerals in mineral processing – the basics and beyond, in Proceedings 14th AusIMM Mill Operators' Conference 2018, pp 363–376 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Aug 29, 2018

By H Arvidson, V Chamberlain, R Marinho, B Parsons, T Rowl, M Noppé, M Mattera

With the introduction of CRIRSCO (2019) based mineral asset disclosure, Regulation S-K part 1300, 2019 (S-K1300) by the United States (US) Securities and Exchange Commission (SEC), applicable to companies listed on the New York Stock Exchange from 2021, Mineral Resource is now required to be reported Exclusive of Mineral Reserve, referred to here as ‘Exclusive Mineral Resource’ (EMR). EMR is equivalent to reporting Mineral Resource additional to Mineral Reserve, which has been permitted in jurisdictions outside the US for many years. Despite this, there are no practical guidelines in the literature or relevant reporting codes and rules for Competent/Qualified Persons to refer to, which creates a risk that disclosure of EMR estimates across the industry will be inconsistent and potentially ambiguous for analysts, investors, potential investors, and other stakeholders.With the introduction of CRIRSCO (2019) based mineral asset disclosure, Regulation S-K part 1300, 2019 (S-K1300) by the United States (US) Securities and Exchange Commission (SEC), applicable to companies listed on the New York Stock Exchange from 2021, Mineral Resource is now required to be reported Exclusive of Mineral Reserve, referred to here as ‘Exclusive Mineral Resource’ (EMR). EMR is equivalent to reporting Mineral Resource additional to Mineral Reserve, which has been permitted in jurisdictions outside the US for many years. Despite this, there are no practical guidelines in the literature or relevant reporting codes and rules for Competent/Qualified Persons to refer to, which creates a risk that disclosure of EMR estimates across the industry will be inconsistent and potentially ambiguous for analysts, investors, potential investors, and other stakeholders.

May 24, 2023

By K Tungpalan, E Wightman, M Edraki, E Manlapig, L Keeney

The depletion of easily mined high-grade ore bodies resulted in the industry having to exploit lower grade, complex resources (Albanese and McGagh, 2011; Darling, 2011; Randolph, 2011). The trend is now towards mining and processing of low-grade and complex ores (Darling, 2011; Yingling, 1990). Variable geological and mineralogical characteristics, and complex mineralogy and texture can result in large variations in metallurgical response and also cause challenges in processing. (Carson, 1995; Lorenzen and Barnard, 2011; Yingling, 1990). Variability and the complex nature of ores are fundamental sources of risk that often cause the greatest economic impact (Dusci et al., 2007; Williams and Richardson, 2004). Hence it is important to effectively characterise these types of ore bodies and assess their processing performance (ie recovery, grade). To enable this, there is a need for the following: (i) characterisation of geological, mineralogical and metallurgical variability in the ore body; (ii) effective selection of drill core with characteristics that represent the range of ores in the entire ore body. CITATION: Tungpalan, K, Manlapig, E, Keeney, L, Wightman, E and Edraki, M, 2018. A systematic approach of sample selection to predict processing performance of an ore body, in Proceedings Complex Orebodies Conference 2018, pp 67–70 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Nov 21, 2018

By Nilmani M, Malone J, Taylor RN, Floyd JM, Gray NB, Fountain CR

CSIRO staff and University of Melbourne staff and students collaborated in an intense programme of investigation on the CSIRO 50 kg Sirosmelt pilot plant.In two days of operation copper matte converting and zinc slag fuming trials were performed, whilst investigation of the process dynamics and process chemistry was carried out. This exercise is an example of the techniques available for process evaluation, which can rapidly advance the understanding of pyrometallurgical operations by use of a team approach covering a wide range of experiments.

Jan 1, 1985

By M I. Pownceby, S P. Suthers, V Nunna, G J. Sparrow

Global demand for iron and steel has increased substantially over the past 20 years and there has been a greater focus on developing suitable processing options to treat low-grade hematite-goethite ores containing higher levels of silica and alumina impurities. The processing applicable to reduce the impurity levels in these lower-grade iron ores depends on their mineralogy and a thorough understanding of the process dynamics associated with the separation technology. Different separation technologies used to remove silica and alumina from low-grade iron ores were reviewed. The major concentration methods that may be applied to upgrade lower-grade lump iron ores include magnetic separation, wet and dry heavy media separation, and air-pulsed jigging. The technologies applicable to beneficiating iron ore fines include wet and dry gravity and magnetic separation, flotation, and roasting followed by magnetic separation. It is necessary to investigate the application of separation technologies on a case-by-case basis to select economically viable beneficiation strategies suitable for the particular low-grade iron ore. A commercial flow sheet is expected to involve the implementation of several separation technologies.

Nov 8, 2021

By A Madera, R Watt

The Tampakan deposit is a strongly telescoped high-sulphidation-epithermal/ porphyry deposit pair which is hosted by a sequence of probable Pliocene age subaerial andesite flows. These host units lie on the western flank of a deeply dissected andesitic stratovolcano within the northernmost portion of the Sangihe Arc in southern Mindanao. The deposit was discovered by WMC geologists in 1992 and is currently undergoing resource evaluation. Preliminary resource estimations indicate a total inferred metal content of 12 million tonnes of copper metal and 16 million ounces of gold. Using a 0.2 per cent Cu cut-off grade, the deposit has a current mineral resource of approximately 2.5 billion tonnes with an estimated grade of 0.48 per cent copper. At a higher cut-off grade of 0.5 per cent Cu, the mineral resource is approximately 900 million tonnes with an estimated grade of 0.75 per cent copper. Mineralisation is open both to the west and at depth. The Tampakan district is centrally located with respect to a 100 km wide zone of left-lateral strike-slip deformation represented by the trans-Mindanao Cotabato Fault Zone. The district is transected by several WNW-striking wrench faults which represent strands of the regional Cotabato Fault Zone. High-sulphidation epithermal mineralisation within the Tampakan deposit is strongly controlled by NNE-trending faults which lie along a dilational orientation within the Pliocene stress field associated with the Cotabato strike-slip fault zone. The mineralisation is broadly hosted by a gently-dipping, tabular zone of partial to massive silicification which displays multi-phase brecciation, acid-leaching, related vuggy porosity and which is developed within a district-scale advanced-argillic and argillic lithocap exceeding 90 km 2 in area. High-sulphidation epithermal mineralisation is associated with a silica-pyrophyllite-dickite-alunite-diaspore¦sericite alteration assemblage which is transitional downward to sericite-chlorite alteration and relict potassic biotite-chlorite-magnetite-anhydrite alteration associated with pervasively developed but weakly mineralised porphyry quartz stockwork veins. The high-sulphidation mineralisation is dominated by disseminated, vein and vug-filling enargite-bornite-digenite-chalcocite-covellite ¦ molybdenite which has overprinted an earlier phase of porphyry copper stockwork veins associated with high-level porphyritic hornblende diorite stocks. The distribution of high-sulphidation alteration and mineralisation reflects strong stratigraphic and structural controls. The high-sulphidation mineralisation covers a surface area of approximately 1.6 km by 2.0 km and forms a tabular, flat-lying to gently-dipping body between 200 and 500 metres thick. It is intersected at RL-1200 m ASL (at surface) in the northern portion of the deposit and extends down to RL-600 m ASL at the southern end. The deposit has been diamond-drill tested to a depth of 400 - 500 metres where low-grade chalcopyrite-bornite-pyrite mineralisation is hosted by pervasive quartz stockwork veins. This deep-level mineralisation represents the outer portion of a porphyry Cu system hosted by both andesite flows and the uppermost portions of high-level hornblende diorite stocks. Deep drilling to test for higher tenor porphyry Cu mineralisation is planned.

Jan 1, 1999

By Y Peng, D Wannas

In the fine particle flotation technologies being developed today the fine hydrophilic (gangue) particles are usually well dispersed. These highly dispersed fine particles can be recovered into the flotation froth product by mechanical entrainment. Flocculation of hydrophilic particles caused by polymer depressants could potentially reduce the mechanical entrainment of these particles. This paper reports testwork completed on fine particles of several solids, iron oxide, hydroxylapatite, galena and sphalerite, as well as on a relatively coarse quartz sample (-75+38 ¦m). Dodecylamine was used as a collector for the quartz, and several dispersants and polymer depressants, including sodium silicate, sodium metaphosphate, zinc sulfate, potassium dichromate, corn starch, corn dextrin and carboxymethyl celluloses (with molecular weights of both 700 000 and 80 000) were used as flotation modifiers. The major part of the testwork involved flotation tests in a 200 ml flotation column. Both water and solid recoveries were recorded. The degree of flocculation and dispersion was determined by settling tests in 250 ml graduated cylinders. It was observed that flocculation of the fine hydrophilic particles significantly reduced their mechanical entrainment, while dispersion severely aggravated it. Thus, in the flotation separation of artificial mixtures of the -75+38 ¦m quartz and fine iron oxide or hydroxylapatite, polymer depressants that caused flocculation were found to perform better than the ones that did not cause flocculation.

Jan 1, 2005

By R G. Reddy

The complexity in treating environmentally harmful impurities such as As, Sb, Bi from the base metal matte or metal in the smelting stage are responsible for the high cost of the refining process. The impurity capacities (such as arsenic, antimony and bismuth) of slags were calculated a priori using Reddy-Blander (RB) model. The capacity predictions were for a wide range of matte and slag compositions in copper smelting conditions. The calculated impurities capacities and impurity distribution ratios results are in good agreement with the available experimental and industrial slags data. The a priori knowledge of impurities is useful for reduction of energy consumption and enhanced environmental control in the current and future non-ferrous metal processes.

Aug 21, 2024

A comparison is made between bord and pillar and longwall coal mining. Longwall mining presents a challenge to raise the level of management and engineering practice. To maintain a competitive position in the world export market, the Australian coal mining industry must continue to use and develop the most advanced, cost benefiting, safe mining systems.

Jan 1, 1987

The invitation to speak today was in the form of a single sentence instruction: How does your company run and how do you communicate from top to bottom? It looks like I'll have to let you into our little secret. The team at Croesus know what works for us but we've never talked about it with others - least of all presented it at a conference such as this. In fact we tend to avoid the jargon normally associated with Best Practice or TQM, however in our own way, each of our staff are 100 per cent loyal to our company's aim to maintain and strengthen our commercial success. Just how we achieve this at Croesus is the subject of this presentation today, but first a little history. My dear old grandfather arrived in Kalgoorlie, as a mining engineer 100 years ago. Do you think he would have chuckled if someone suggested to him that a hundred years later we would just be starting to understand Kalgoorlie's geological mysteries? Well, here we are 100 years later and Croesus Mining is fortunate to be part of a generation now realising the true potential of Kalgoorlie's Goldfields. This provides us with a very fertile field in which to sow the seeds we can obtain from the World's Best Practice in Mining and Processing. With each new mineral deposit being discovered, old theories are being exploded. Each new deposit has a personality of its own, leading to some belated pioneering theories of where to drill next, and how to reduce internal costs so that we can win the war against constantly increasing external costs. What we have now and what the old timers didn't have is a huge database of geological input spanning several gold booms and a couple of nickel booms. My only interest in history is to pick up the points that may help us for our future. This is what we are doing in our company which is something of a David, in the David to Goliath range of mining companies in Australia. As a humbling thought; of the 115 164 tonnes of gold that the world's mines have produced throughout history, four tonnes have been produced by Croesus Mining. That's equivalent to 0.003 per cent of the total world's gold production. In the past financial year we achieved a dividend yield of five per cent. To put this into perspective, that's over twice the dividend yield of BHP, Australia's largest company. As we are somewhat less known than BHP, let me spend a few moments giving some particulars of our company's background.

Jan 1, 1995