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Efforts to stabilize international markets in commodities have gradually intensified during the course of this century in keeping with the grow- ing complexity and interdependence of the world economy and the increasing involvement of government in economic activity. Successive Australian Governments have con- sistently supported the concept of commodity agreements and arrangements in an effort to lessen short term fluctuations in price and to moderate the boom/bust conditions which tend to charac- terize production and trade in many commodities. The objective is to stabilize price at a level which equates supply and demand over the life of the arrangement. Such action involves a degree of market inter- vention and government involvement in the inter- national trade in the commodity concerned; the acceptability and desire to foster such arrange- ments varies from country to country depending upon attitudes to market intervention and man- agement. However attitudes, even among those opposing commodity agreements, have under- gone a major reversal in this century. Before the first world war, such intervention as existed almost entirely involved the physical producers. There was almost no government involvement and at that level most regarded commodity agree- ments as neither desirable nor practical. However government regulation of such activities as pro- duction and marketing of food during World War I, coupled with post-war shortages, followed by overproduction and the crash in prices during the Great Depression, stimulated producer gov- ernment interest in commodity market regulation. Consumer governments took a little longer and with a few exceptions, it was not until the post World War II period, that the fear of shortages of basic commodities brought some consumer countries to accept the concept.

Jan 1, 1978

By Rienks, Wyborn D

The Ravenswood Batholith in the Charters Towers -Ravenswood area of north Queensland, was formed by three main episodes of granitoid emplacement between the Early Ordovician and the Early Permian. Granite to granodiorite plutons of the first phase of intrusions in the Early to Middle Ordovician, probably formed by partial melting of a thin continental crust as a result of the emplacement of mafic material derived from the mantle. Some of this mafic material subsequently intruded the Ordovician granitoids as gabbro to diorite complexes. The early granitoids were deformed and metamorphosed prior to emplacement of second phase granodiorite to tonalite plutons in the Late Silurian to Early Devonian. These later plutons have generally not been deformed or recrystallised. Geochemical and isotopic data suggest the Siluro-Devonian plutonism may have been generated by a partial melting of the tholeiitic material emplaced in the lower crust during the Ordovician. A third intrusive phase consists principally off Late Carboniferous to Early Permian gabbro-granite complexes, high level granite to granodiorite complexes, and rhyolitic plugs and diatremes near the batholith margin. Gold mineralisation in the batholith is associated with two major events: mesothermal vein formation in the Early Devonian and porphyry types in the Late Carboniferous to Early Permian.

Jan 1, 1990

The mineral resource that a mining company has access to, represents the majority of the embedded value that exists within the company, as well as the competitive advantage that the company has over its peers. However, the real value is only realised once effective mining plans have been put in place, which optimise the extraction of the resource, and add measurable value to the company. The concept of mineral resource management (MRM) has been developed in South Africa, to ensure this optimisation happens in an integrated and quantifiable manner, such that value is added and risk is reduced, resulting in bottom line improvement for the stakeholders of the business. This paper describes the process of mineral resource management, and draws on successes and failures of various companies, to illustrate how it should be implemented, and what measures should be put in place to ensure its success. This requires a fundamental re-appraisal of the way in which mining companies plan and execute their businesses, and focuses attention on real value adding activities and behaviour through the use of economic value added as an appropriate metric by which to measure real value and risk. Specifically, the paper focuses on these aspects as applied to planning models and processes, exploration activity and risk management, to ensure operational and project success.

Jan 1, 2006

By Gao K, Wu C, Xia J, Burdett M

X-ray diffraction (XRD) and transmission electron microscopy (TEM) techniques have been adopted in this study, to investigate the structure of carbonaceous materials such as graphite, brown coal char as well as coke, in order to explain their dissolution performance during ironmaking. These materials have been selected for study since they are commonly used recarburizers in the metallurgical industry. It was concluded that the crystal structure in a carbonaceous material can have a significant influence on its dissolution into iron melts. The material with the highest degree of ordering, which is graphite, showed the best dissolution performance. In contrast, the material with the lowest degree of ordering, which is brown coal char, showed the worst dissolution performance.

Jan 1, 1996

The green field discovery of a two million ounce high-grade refractory gold ore deposit in the Indonesian Province of Sulawesi Utara, led Newmont to utilise its proven technical expertise in dry grinding and whole ore roasting to develop a 2000 tonne per day, 160 000 ounce per year operation in this remote and picturesque location.Located at an elevation of 250 in above sea level and ten kilometres to a deep water natural harbour, the hard rock open pit mine, process plant and infrastructure facilities were built to budget at a capital cost of US$132 million. The plant was commissioned with oxide ore, with the first gold poured in March 1996 and with refractory ore in January 1997. The operation rapidly met its production targets because of extensive forward planning and training programs developed for the local workforce. The presence of steep topography, fertile coastal plains, high rainfall, high seismicity of this location led to the decision to dispose of neutralised tailings in deep water off the coast instead of impounding tailings in a dam. This paper describes the development of the project and the challenges in developing a gold operation in a remote location which lacked infrastructure, the steps taken to ensure a smooth commissioning, and the selection of the workforce to operate a technically sophisticated facility.

Jan 1, 1997

A failure criterion for coal is proposed in which a distinction is made between brittle and "pseudo-ductile" failure. This criterion is then used in the development of new equations for coal pillar strength, including a transition from brittle fracture to pseudo-ductile yielding. In addition, equations are obtained which allow the äritical minimum pillar dimensions to be calculated to avoid "catastrophic" and "ultimate failure". The use of these formulae is then demonstrated by comparing the results with pillar case histories derived from the literature.

Jan 1, 1986

By Stevens LG, Mok JK

With the long lead time requirement for engineering and construction of mineral pro- cessing facilities and the costly financing arrangements necessary, effective project management is essential to the successful and timely start up of these major production units. An added complexity is the frequently remote location of such projects and the demands this imposes on efficient project staffing, scheduling, logistics and cost control. Parsons recent experience with major projects such as Greenvale in Queensland and La Caridad in the desert of Northern Mexico and at remote locations like Sar Cheshmeh in Iran are described. The applications being developed for improving project controls through the use of computer techniques such as MSCS-COPES, and readily accessible and versatile transportation means are reviewed.

Jan 1, 1981

By W Stange

Assessing the risks in a mining project is a key aspect of project evaluation. This is an exacting and demanding task because of the complexity due to the need to deal with uncertainty over long time periods. The way risks are assessed and managed is critical to the long-term success of the projects and the business. Discounted cash flow (DCF) analysis is commonly used for project and risk evaluation. A discount rate is selected that accounts for uncertainties in the cash flows. However, it is difficult to determine an appropriate discount rate due to the large number of factors that need to be considered and the complex relationships between risk sources. Using a proven framework, ævalue at riskÆ (VaR), this paper proposes to rigorously model and quantify ærisk at sourceÆ. The approach was first employed to assess financial market risks and is now widely used in the banking sector for risk assessment. In project evaluation, all risk sources are identified and estimated separately to ensure the overall project risk is quantified accurately. A bottom-up approach has been proposed. Estimates are first carried out for risk factors at the bottom of the project structure. The assessment is then applied at increasingly higher levels until the overall project risk is estimated. Value at risk is a versatile methodology and can be used in a local or integrated manner. The final value is objective and the calculation steps can be easily justified and followed. Four case studies have been included to illustrate how the proposed approach can assist management in decision-making.

Jan 1, 2009

By Mathews K. E, Willstead T. V C

Initial glory holing was followed by sublevel stoping, with a small proportion of total production mined by shrink and cut-and-fill methods.The sublevel stoping method was successfully modified to cater for altering ground conditions encountered at increasing depths. At present, 94 per cent of production comes from sublevel stopes. The evolution of this mining method and current techniques and practices is outlined. A combined shrink and,sublevel benching method was also developed to increase the mining rate of narrow orebodies over the standard stoping lift of 380 ft. Pillar recovery and stope filling operations have been continuously modified to suit the relIuirements of a rapidly developing mine.INTRODUCTIONOre production commenced at Mount Isa Mines in June 1931. Since then production has increased from approximately 2,500 tons of lead ores per mine day to the current 11,000 tons of sulphide ores per mine day comprising 3,100 tons of lead ore and 7,900 tons of copper ore. The early planners selected sublevel stoping with ring drilling for ore breaking as the most efficient and economical for Mount Isa conditions: This method satisfied requirements for:1. a low cost mining method for the comparatively low grade ores,2. a stoping sequence allowing development, stope preparation, breaking and drawing of ore to proceed concurrently,3. a method of extraction in which broken ore in the stopes would be kept to a minimum because of adverse effects of oxidation on mill metallurgy and...

Jan 1, 1961

By Cox I

Raiseboring is a technique that has become popular in modem mining engineering since the early 1960s. A study has been undertaken at the University of Queensland to determine important factors affecting the optimum diameter of raisebored shafts, excluding local parameters such as the maximwn excavation size that a particular rock type can safely accommodate.This model is used to examine each of these factors and the results indicate that the optimum diameter for raisebored shafts is generally between four and six metres.

Jan 1, 1991

Australia, with its fast-growing economy and high standard of a~ living, has a high and rapidly increasing per capita consumption of energyIn total terms, Australia's energy requirements are doubling every 15 years, and among mature Western economies Australia ranks behind only Italy-and Japan in the rate of increase of energy consumption.The use of energy is often accepted as a yardstick of development and on this basis Australia might well congratulate itself on its high energy consumption. However, it is less well recognised that the resources absorbed in the production of energy represent a real cost to the* community, and that just as we strive for industrial efficiency or farm productivity we should strive for economy in the use of energy fuels.Australians spend annually an estimated ú500 million.on all forms of energy, a sum which represents about seven per cent of the Gross National Product. In all, energy production and distribution absorb the employment of more than 100,000 persons. In addition, the annual capital investment by.the oil industry amounts to some E55 millions, by the coal industry about ú12 millions, and by electrical and gas authorities some E108 millions, in total representing more than ten per cent of annual investment in other than private motor cars and housing,

Jan 1, 1962

The Kundana underground narrow vein gold mine had a recent history of large and damaging seismic events. Following a period of seismic events on 30 July 2001, in which nine miners were temporarily entrapped at depth due to falls of ground in several parts of the decline, the mine operation was required to develop a seismic management system to mitigate seismic risk to the operation. A micro seismic systems and boundary element modelling of mine sequence highlighted large-scale footwall faults and the mining of gold bearing shear veins to be focal structures for seismic energy release between depths of 300 m to the base of mining at 650 m. The integration of seismic data, identification of geological structures and mapping of zones of failed rockmass led to the successful generation of a non linear boundary element model and a seismic hazard strategy. This enabled mine sequences to be assessed daily, monthly and periodically for potential seismic hazards and therefore assigned both economic and personnel risks for the recovery of the ore reserve at the Kundana Underground Operation.

Jan 1, 2005

By Tonegato S, Wood M

The lack of objective data on roof bolting machines, bits, rods and overall system has created the need for an objective assessment of roof bolting. This work outlines a test rig for such objective assessment of component parts of the roof bolting system.

Jan 1, 1986

Geologists often classify ore textures on the basis of the origin of the rock in which they form and the grade of one or more minerals within the ore (Sinclair and Blackwell, 2002, pp 32-36).  Metallurgists, on the other hand, need to know how best to process the ore in order to extract the valuable minerals from it (Petruk, 2000). Geological classification has the following disadvantages:it requires the services of skilled economic geologists, of whom the supply has been dwindling for many years;it is subjective, depending on the perceptions of the individual geologists who make the classification; andit may relate only weakly to processing requirements of the ore. We describe methodology for automatic classification of ore textures from images of drill core. The images analysed are æclassifiedÆ images, in which a particular mineral (or mineral group) is assigned to each pixel. The new methodology is intended to:provide a quantitative and reproducible alternative to traditional geological texture classification,relate to process mineralogy of the ore, andimprove the ore-texture-related input to orebody domaining and geostatistical block models.

Jan 1, 2008

Iron and steelmaking slags have been utilised for a century. All dumps are now exhausted. Because of constraints in establishing new stock yards, all slags have to be utilised immediately. At present, this is being achieved. Only in a situation where there is an increase in pig iron and crude steel production, together with the impact of new residual materials competing from other industries can marketing problems be anticipated.

Jan 1, 1979

The ownership, policies, organisation, structure, market, financial considerations and communications of a large resource project vary significantly through its discovery, feasibility, development and production phases. The extent of these changes, from discovery in 1957 through to 1979, is examined for the Mt. Newman iron ore project in the Pilbara region of Western Australia and some of the factors that influenced it are detailed. This shows that only some of the influences are under the control of the mine owner/operator, despite their significant impact on the returns for the massive capital invested. The effect of the general business climate on the various phases is also examined.

Jan 1, 1980

By E Haren, A Winchester

The CSA Mine has a long and varied history from initial discovery in 1871 through to the present. Lead-zinc mineralisation was mined historically near the surface. Today copper and silver are extracted from the deeper regions of the mine. The mine has passed through a number of owners over this time, each with a unique operating philosophy and understanding of the mineralisation. Cobar Management Pty Ltd re-opened the mine in 1999 and has undertaken extensive drilling programs to expand the resource and gain a better understanding of the mineralisation characteristics. Presently mineralisation has been located over a strike length of 1.2 km and to a depth of over 2.0 km with over 30 mineralised lenses from four identified ore systems. The refinement of geological and mineralisation models led to further discoveries and prompted a review and modification of resource modelling processes. Advanced statistical analyses prompted the implementation of ordinary kriging as a grade estimator. Improved stationarity from enhanced geological domaining has been supported by variography and kriging neighbourhood analysis studies. Resource models at CSA are now quantifiable in terms of mineralisation style and estimation reliability. The new techniques are assisting the definition of more mining fronts, which are creating new opportunities to increase mine output.

Jan 1, 2006

By P Crorkan

Within the framework in which future exploitations for Codelco-Chile Divisi=n El Teniente are situated, regarding the deepening of its reserves and the geotechnical problems that affect their recovery, it becomes strategic to evolve with new variants, which make deep mining possible. Codelco ChileÆs Divisi=n El Teniente is progressing within its long-term planning the exploitation of a sector called Esmeralda, which includes its removal through the gravitational caving method (panel caving). It is planned to use pre-caving, which basically consists of developing and undermining the undercut level, without having developed the infrastructure of the production and transport levels. This is carried out in order to achieve a better redistribution of the stresses, thus obtaining higher quality in the infrastructure development of these levels as well as less risk. The extraction reserves for this area, estimated through the opportunity cost selection criteria, were determined at 348 million tons with an average grade of 1.014 per cent Cu. The project carried out geological and geotechnical studies in order to prevent the geomechanical risks of the sector to be exploited, which is a site conformed totally by primary ore. Lithologically, it occurs mainly in Andesite, located at the western limit by Brecha Braden Pipe. There are also varieties of porphyries and hydrothermal breaches of anhydrite. The Esmeralda Mine production program will increase from 4000 tpd (average) in 1998 to its 45 000 tpd rate of production estimated for the year 2005. The approved investment for the period 1995 to 1999 is $US 150 million, out of a total $US 213 million for the project. At feasibility study level and before the project, it showed a Net Present Value of $US 342 million, an Internal Rate of Return of 37 per cent and an IVAN indicator of 2.3 for a ten per cent discount rate and a copper price of 100 US cents/lb.

Jan 1, 2000

By K Hines

Anglo Platinum is the worldÆs largest producer of platinum group metals, and also produces large quantities of nickel, copper and cobalt at its Refining complex in Rustenburg, South Africa. In 1995 Anglo Platinum embarked on a smelter modernisation project, primarily to reduce site emissions to below the guideline limit of 20 tonnes per day SO2, but also to increase the converting capacity in line with future projected production profiles. To achieve these requirements the existing Pierce Smith converters were replaced with a single large Ausmelt converter and a new acid plant. This was the first time that an Ausmelt furnace had been used for converting, but it had the advantages of being a very robust furnace and was fully enclosed, giving good gas capture. It was thus considered the most appropriate technology from both a process and an environmental perspective. It also enabled the smelting and converting furnaces to be decoupled. The plant was commissioned from late 2001 and the first tap was in June 2002. Despite being a new technology, ramp-up has been similar to other large scale pyrometallurgical operations. Numerous process improvements have been made since start-up, most notably a change from two-stage batch to fully continuous, resulting in the plant now operating above design in terms of throughput. Optimisation of freeboard accretion control was also a major component of the ramp-up activity. This paper discusses the commissioning and ramp-up issues of the new Ausmelt converting furnace, concentrating on the design and process changes, and summarises current operating performance against the original design objectives.

Jan 1, 2005

The originally estimated mine life at Kidston (starting 1984) was 12 years. Through a continuing process of re-evaluation and improvement in the operation and by expanding the geological knowledge in the region, the mine life has been considerably extended. With falling grades and harder ore, the additional reserves have come with increasing risk - not only in an economic sense associated with diminishing profit margins but also operationally, requiring innovative milling technology and geotechnical designs to provide a lower cost environment for continued profitable mine production.

Jan 1, 1994