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Joint ventures exist as a means of sharing risks and obeying regulations. An unincorporated joint venture allows a company to take a share only of a project yet allows that company to treat such share as though it were an integral part of the company. The nature of the risks inherent in many ventures is described and comparisons made with alternative corporate vehicles. Different procedures for managing joint ventures are also reviewed and the types of problem encountered in establishing and operating joint ventures are discussed. The basic characteristics of successful joint ventures, in Australia, are listed and a conclusion reached that, despite its difficulties, the joint venture will continue to proliferate as a corporate vehicle for project development.

Jan 1, 1983

By Rankin W. J

Increasing concern with the emission of sulphur dioxide from smelters and roasters has caused renewed interest in processes which can use waste sulphur dioxide, such as the sulphation of nickel laterite ores. The process described here proposes to by-pass the production of sulphuric acid and react laterite directly with a sulphur dioxide containing atmosphere. A thermodynamic analysis identified operating windows in which nickel sulphate forms while iron oxide (the major impurity in most laterite ores) remains stable. The initial assumptions included unit activity of all species except nickel oxide. The lowest possible nickel oxide activity (while maintaining selectivity) increased with increasing temperature, indicating that selective sulphation is favoured by low temperatures. The temperature of interest was found to be between 500 and 800¦C. Calculations show that a feed gas containing ten per cent SO2, five per cent 02, balance N2 requires a temperature greater than 650¦C for selective sulphation of nickel. Laboratory experiments showed that the assumption of unit activity of ferric sulphate was unrealistic above about 680¦C due most likely to the formation of solid solutions which decreased the ferric sulphate activity. Results are presented which illustrate the limiting equilibrium sulphur trioxide partial pressures at 700 and 730¦C below which selective sulphation occurs. Cobalt extraction was usually between 80 and 95 per cent under conditions yielding selective sulphation, whilst nickel extraction was about 50 to 75 per cent depending on temperature and choice of upper limit of iron extraction. An operating diagram is presented for a limonite ore and shows that the optimum reaction conditions are 680¦C and an input gas containing 20 per cent SO2. Under these conditions nickel, cobalt and iron extractions are 73, 95 and two per cent respectively.

Jan 1, 1996

Corrosion affects the performance of rock support and reinforcement at various underground mines, including the George Fisher Mine, where recent studies showed that this risk to mining operations is generally not well understood. Corrosion reduces the capacity and life expectancy of ground support and generally is undetected unless the traditional destructive pull out test is employed to detect defect bolts. Where it is still acknowledged that the pull out test has still an important role to play in determining critical bond lengths for static and quasi static ground support designs, it does not provide an underground operation with any reassurance regarding its bolt's integrity, which has been compromised by in situ aggressive conditions. Non-destructive rock reinforcement calibration testing on single and twin strand cable bolts, rebar bolts and friction bolts at the George Fisher Mine enabled the testing team to detect bolts with compromised integrity in one area of the mine. The non-destructive rock reinforcement integrity testing conducted uses a complex 'Stress Wave Analysis' package based on the processing of clear seismic signals imparted into the rock reinforcement element that is being tested. The seismic signals are processed by 'Fourier Transform' into various criteria which can be used to produce models of the element such as mechanical admittance, frequency spectra and velocity which are all being used in the final modelling of the rock reinforcement element under analysis. This paper highlights the enormous potential to effectively manage the geotechnical risk that corrosion presents for an underground mining operation.

Nov 25, 2010

By M Ranjan, C R. Borra, P Palai, P P. Sahoo

Change in mould slag composition during casting of medium alloy steel is caused by the redox reaction between molten steel and mould flux. Mould flux generally contains a certain amount of SiO2, but elements such as Al, Mn and Ti in high/medium alloy steels reduce SiO2 in the mould flux, causing remarkable changes in the composition of the mould slag. As a result, the properties of the mould slag change greatly as continuous casting proceeds. This causes casting instability, process abnormality and casting defects. Effect of Ti as an alloying element in steel on mould slag is studied extensively through high temperature laboratory measurements and plant measurements. TiO2 gets picked up by the mould slag up to 3 per cent during casting a steel grade containing 0.1 per cent Ti. This changes the mould slag composition and results in decreasing the slag viscosity by up to 10 per cent and decreases slag break temperature by 30–40°C.

Aug 21, 2024

By Stewart W. J

The volumetric method of estimating hydrocarbon resources and recoverable reserves is and probably will remain a dominant method in petroleum engineering. The method is technically very simple, but has one main problem: how to express, measure and properly handle the variable and complex uncertainty of each estimate. The computer age brought in the Monte Carlo Simulation method which enables correct arithmetic operation using data with specified probability distribution. However, several problems are still not solved uniquely and still exist. For instance, the determination and description of the distribution of single parameters, the determination of the degree of dependency between parameters (e.g. hydrocarbon saturation-porosity), and standard probabilist- ic definition of generally used categories (e.g. proved, probable, possible). Methods for handling these problems are discussed.

Jan 1, 1979

By Wright G. A

The objective of refining in steelmaking is to reduce the concentration of impurity atoms, e.g. sulphur, phosphorus, from an initially high level to a specified low concentration. A two-film theory of refining is presented in which the rate of

Jan 1, 1980

By Porter I, Singh RN

An advanced elasto-plastic finite element model adopting a modified Von Mises yielding criterion was used to simulate progressive failure of the rock strata surrounding a room and pillar mine structure. The model conformed to the strain-softening behaviour of rock and accounted for post-failure residual strength. The simulation was achieved in such a way that material values were updated after each FE run, according to the stress criterion until the solution reached the final equilibrium steady state of the mine structure. The suggested structural stability analysis approach accounted for the main features of the structure degradations produced during loading through changes in rock material stiffness and subsequent evolution of stresses. Comprehensive parametric analysis was performed and the inevitable effect of interaction of the roof, pillar and floor on the overall mine stability limit was investigated. The numerical results clearly showed that linear models could not realistically represent the true behaviour of the mine structure. The results obtained are in good agreement with that predicted in the field.

Jan 1, 1992

The Elura Orebody consists of a number of parallel, vertically oriented pipe-like structures of pyrite-sphalerite-galena mineralization located at the core of a structural dome. Concentric zoning of the mineralization into an outer Siliceous, intermediate Pyritic and inner Pyrrhotitic Zone has been previously recognized and is used in routine geologic modelling of the lead, zinc and silver grades.Statistical analysis of the metal grade distribution in the orebody has confirmed the importance of the mineralogical zones in the understanding of grade trends. The gradational nature of intra-zone boundaries, especially those related to the subjective definition of the Siliceous Zone, are apparent in the statistics.

Jan 1, 1990

By S Hayton

While coal seam gas is considered to be an unconventional gas, the proliferation of areas under exploration and development mean that it is rapidly becoming main stream. The potential of New Zealand's coals to produce coal seam gas has been recognised for some time. However, key market drivers have not been suitable for the progression of this potential into reality. Kenham Holdings Ltd and CRL Energy Ltd, recognising the potential for the gas in New Zealand have initiated what is the largest ever assessment of New Zealand's coal seam gas potential. The premature demise of the giant Maui field has raised the focus of new gas developments and has increased interest in what we are doing. Over the past couple of years Kenham Holdings Ltd and CRL Energy Ltd have approached the assessment of the coal seam gas potential in a staged programme. Preliminary assessment of the data on the permit areas indicates that the potential resource may be up to 500 PJ. To date, preliminary appraisals have been completed or are underway on a significant number of fields. Exploratory drilling has been completed or initiated on several of those fields, with results from this work being fed into the preliminary modelling as it has become available. Given that in many of these areas there is no pre-existing information concerning their gas potential and world wide experience with lignite is practically nonexistent, it has been a steep learning curve with many surprises. However, initial gas content results and preliminary gas flow models have been on the whole, rather pleasing, with the commerciality of some developments already apparent.

Jan 1, 2003

By Dight P. M

The challenge of narrow vein mining is to produce ore with as little dilution as possible, at the least cost -commensurate with the increasing degrees of safety being demanded for mine workers by the modem 'duty of care' legislation. Geotechnical factors play an important, if not overriding, role in these areas. The geotechnical factors cover the complex interaction over a period of time, between the in situ and induced rock stresses, rock structures, rock mass strength and the cable, rock bolt and other ground support members. In the Archaean schist belt areas where many of our narrow vein mines occur the pre-mining in situ rock stresses are commonly significantly higher than the overburden stresses. These are concentrated in areas beneath previous open pits and may be highly concentrated in the pillars and abutments of stopes on narrow veins. The presence of high in situ stresses may be suspected from the appearance of drill cores and underground development long before they become sufficiently concentrated by mining to cause damage or bursts. These initial indications are discussed and modem low cost methods of stress measurement are described. Practical and quick methods of analysing the stress redistribution around scopes and other underground excavations are now available and guidelines for interpreting them in terms of rockmass characteristics, stope stability and support requirements are developed with the object of increasing safety, whilst reducing overall costs and dilution.

Jan 1, 1993

By Wright R. J

The Commission called tenders for a four boom hydraulic jumbo, plus basket, on an art- iculated carrier in Sept. 1977. Atlas Copco submitted the successful tender in Jan. 1978 for the supply of a three boom jumbo, plus basket. The Promec TH470 jumbo was commiss- ioned in the 2000 m long Sophia tunnel in Nov. 1978. Adequate spare parts were not available during the first three months of operation and the hammers could not be overhauled at the recommended interval. One hammer was removed after drilling 13 600 m due to a crack in the intermediate housing. Tests were conducted with different types of drilling consumables. Both rope and Hi-teed threads were tested and found compar- able. The average penetration rate in the granite was 1.1 m/min. Initially the drillers were not experienced enough to operate the BUT 15ERH booms without causing damage to the booms and hoses. Drilling deviation espec- ially of the perimeter holes was greater than expected. It is now obvious that greater attention must be given to attracting, train- ing and retaining the right type of operator and maintenance fitter.

Jan 1, 1981

By Sen A. K

The Chiria Iron Ore deposit falls within the well-known Horse-shoe-shaped Singhbhum-Bonai-Keonjhar belt in India, where most of the deposits supplying ore to various steel works of Steel Authority of India Limited (SAIL) and Tata Iron and Steel Company (TISCO) are located. With an estimated reserve of about 2000 million tonnes of ore (at 55 per cent Fe cut-off) spread over four contiguous blocks, it is the largest iron ore deposit in India and one of the largest in world. The present study is confined to only one of the four blocks of Chiria viz North Block, comprising an area of 2.11 km2. `Corporate Plan 2005' of SAIL envisages development of a large open cast mine at Chiria to meet its enhanced requirement of iron ore by 2001-02 AD.

Jan 1, 1995

Comalco Limited has recently completed construction of a $50 million kaolin plant at the site of its bauxite mining and industrial minerals operations at Weipa. The plant will produce 100,000 tonnes per annum of coating grade kaolin for the paper industry.Comalco produced the first coating kaolin from the deposit in 1979 on a trial basis. Since then a variety of quality coating grades with specific particle ize distributions and brightness values have been prepared.Extensive drilling and bulk sampling of the deposit over eight years has shown that the orebody is large and of a high grade suitable for the production of premium quality coating kaolins.The processing plant technology was developed by Comalco in association with the European kaolin and equipment producer Amberger Kaolinwerke GmbH (AKW).The Weipa kaolin plant is the first of this size to be built in the Pacific Basin region and it will offer the region's paper-coating mills a stable and reliable source of high-quality kaolin, shipped from an established bulk loading port. The paper provides an overview of the development of the kaolin investment, the nature of the production process and details the project management procedure used for the design, construction and commissioning of the plant. Three areas of significant interest, the gas turbine fired pray dryer, the moving bridge shiploader and the use of aerobelt conveyors on the project are detailed.

Jan 1, 1988

By Quast K. B

Samples of limestone and micaceous hematite have been ground in a laboratory batch mill using equal weights of either rods or balls. Values of the Schuhmann distribution modulus, a, have been shown to depend on grind time and do not remain constant as often reported. The linear reduction in a with grind time was attributed to a change in grinding mechanisms with time. The product sizing from ball milling limestone showed a bimodal distribution, but rod milling produced a unimodal size distribution. The product sizing from milling micaceous hematite was difficult to interpret due to the major influence of the shape factor on the transition from screen sizing to cyclosizing.

Jan 1, 1995

By Dobos SK

The Black Ridge Gold Deposit is located in the northern part of the Clermont Goldfield, which is situated at the boundary of the Bowen Basin and Anakie Inlier, Queensland. The goldfield comprises a series of NNW-trending semi-isolated basins, which are tectonically aligned with the Denison Trough, the west-most division of the Bowen Basin (Fig. 1-1).The main stratigraphic units in the deposits in younging sequence are the Anakie Metamorphics, the early Permian Blair Athol Coal Measures, the late Permian(?) White Section, and the Tertiary basalts which are regionally widespread, and intruded by abundant mafic and felsic plugs.

Jan 1, 1990

An exploration and preliminary mine design contract was undertaken in Thailand to establish whether adequate lignite resources existed for the addition of future power generation plant through to the year 2000. The lignite ranges in heat value from 14 to 24 MJ/Kg (air dry basis) and occurs in 2 major seams consistituting measured reserves of 536 Mt (with an ash cut-off level of 45 % on an air dry basis) and a strip ratio of 4.1 bank cm/t. The paper describes the pre-planning, programming, equipment used, project management, logistics and exploration methods adopted to undertake the contract in a monsoonal area using Australian drilling and geophysical contractors.

Jan 1, 1983

In the traditional analysis of airblast and ground vibration, it is often assumed that only that single blasthole possessing the maximum charge weight (or a small group of blastholes initiating in an 8 ms time window) will determine the peak level of airblast or vibration. This assumption is examined in light of waveform superposition, and is found to be unsound. More rational alternatives are given in which all blastholes (or a selected number of blastholes) are assumed to contribute, in varying degrees, to the peak vibration or airblast. However, it is also shown that there is generally no precise solution for determining the number of blastholes that contribute to the peak level. The technique of waveform superposition does not rely on evaluating which group of holes produced the peak, and so is the preferred method for prediction. Some numerical and analytical models of wave superposition for airblast and vibration are also reviewed and recent approaches discussed. The directionality of airblast, in particular, is analysed in detail using a new superposition model that is constructed of two submodels, onenumerical, the other analytical. This model shows that the airblast from even a single blasthole can be highly directional. The detail of this model is commercially sensitive and will not be discussed. Only results and a broad discussion will be given.

Jan 1, 2004

By Schmidt CG

Parameters affecting gold elution using the AARL process are reviewed and critically analyzed in an attempt to optimise metallurgical efficiency and minimise costs in both current and future carbon adsorption operations. Such factors as acid washing, column geometry, elution temperatures and pretreatment reagents are discussed together with eluant water quality and eluate flowrates. Hot acid washing of carbon prior to gold elution has many benefits. Besides improving elution efficiency when eluting with regional water, a hot acid treatment preheats the carbon without causing any gold leakage. Laboratory data indicated that hot acid washing reduces the mass loss of carbon during thermal regeneration. The eluate going to either zinc precipitation or electrowinning is also relatively free of troublesome impurities (organic contaminants and ferrocyanides in particular). Because of the chromatographic character of the AARL elution where an ionic strength gradient is used to inhibit the readsorption of gold, column geometry plays a significant role. While practical considerations and capital costs may restrain the length of the elution column, high length/diameter ratios are advocated in order to promote the plug flow of column eluate. From both a metallurgical and costing viewpoint, the two significant factors affect- ing the AARL gold elution are temperature and cyanide addition. High temperature and high reagent additions within prescribed limits will improve metallurgical efficiencies, but a balance between energy and reagent costs is required in order to minimise overall elution costs. As pretreatment reagents constitute a considerable portion of the total elution costs, both the addition and consumption of sodium cyanide must be carefully considered. Lower cyanide additions may be effective in certain instances, but the more practical use of 0,6 bed volume of a 2-3 per cent NaCN reagent containing 2 per cent NaOH is advocated. This is equivalent to an addition of 20-30 kg NaCN and 20 kg NaOH per ton carbon Treated.

Jan 1, 1986

By Guerney P. J

A suspension of finely powdered ferrosilicon in water is the dense medium used in the gravity upgrading of iron ore, diamonds and other minerals. Ferrosilicon can he lost in the plant through corrosion. The greatest corrosion losses occur when

Jan 1, 1997

By R Knight

"In project evaluation there are two matters of keen interest to non-executive directors: the process by which an investment recommendation is reached, as well as the investment itself, as presented. It is sometimes mistakenly believed that Boards of directors are interested only in the result. That is not so. The process by which project evaluations are derived and socialised with the Board is as important as the result, sometimes more so.Setting aside the gloomy predictions of the doomsayers and looking through short-term volatility in supply and demand, the overall availability of mineral resources more often than not exceeds demand. There are in reality more development projects in prospect at any one time than are needed to meet the market. Only the fittest will prosper, although some others may survive.Optimism springs eternal in the mining industry and every project promoter, executive or entrepreneur has a convincing project development case. Some will create value for shareholders, but the historical evidence suggests that many will fail to meet the expectations set in their evaluation.Boards of directors make the final decision to invest, or not, in a new mine. Knowledge is power, and on that basis the balance of power favours management. Management has the facts (or in some cases, what passes for fact) and the passion to invest. The non-executives have the power of approval – yes or no – but before making a decision directors must demonstrate due diligence, the essential precursor to project approval.Management has a vital part to play in facilitating that due diligence process and in encouraging the independent thought processes of the Board. A closed approach by management fosters a negative, risk-averse attitude on the part of the Board. One that encourages an understanding of the rigour of the project evaluation process and the robustness of the result will allow directors to understand better the implications of their decision.CITATION:Knight, R, 2016. Project evaluation – a non-executive director’s perspective, in Proceedings Project Evaluation 2016, pp 11–19 (The Australasian Institute of Mining and Metallurgy: Melbourne)."

Mar 8, 2016