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By P B. Card

"The website www.economicevaluation.com.au, which had its origins at the Project Evaluation Conference 2009, provides a free way for industry professionals to teach themselves economic evaluation. At its core is a set of fast-moving modules and three worked examples.The website recognises that economic evaluation is a discipline with a hierarchy of three levels:decision-makingevaluating the project/businesshands-on modelling.There are a set of modules for each level that describe the concepts and activities in detail. These emphasise that the most important and rewarding work is the evaluation of Level 2. The economic model created in Level 3 is merely a working tool and should not become a sophisticated ‘trophy’ in Excel that only one or two people can comfortably use.Hands-on modelling contains three sets of practices designed to make any model rigorous and intuitive so that it can be easily understood and used by others in the project team. Even if the model develops into a long, detailed and complex workbook, it should remain easy to follow and be intuitive. The website advocates freedom to devise any architecture that best suits the project under study, but promotes rigour through the following practices:four cash streams and graphsthree architectures – concept, prefeasibility and feasibilitysix principles.The modules in the Level 2 evaluation use conversational language to describe in detail the broad range of activities needed to properly understand and characterise a project/business. It stresses that net present value is nothing more than the mathematical treatment of a whole set of opinions, is not an absolute truth and is only a fraction of the evaluation process. The modules describe in detail the range of economic metrics that should be computed and the full spectrum of equally important characterisations required to make the decision in Level 3.CITATION:Card, P B, 2016. Teach yourself economic evaluation, in Proceedings Project Evaluation 2016, pp 160–171 (The Australasian Institute of Mining and Metallurgy: Melbourne)."

Mar 8, 2016

New Developments in Spirals and Spiral Plant Operations Records indicate that spiral separators have been utilised in mineral separation for over 100 years. The Spiral's predecessor, the sluice, has been in use for centuries in different forms and a spiral can be thought of as a sluice wound around a column. The spiral separator is distinguished from the straight sluice, and other flowing film separators, in uniquely introducing centrifugal motion. The elegance of the spiral concept was embraced due to significantly improved separation efficiencies, ease of operation and tolerance of variation in feed conditions. Advances in spiral technology have improved the metallurgical performance, modernised the materials of construction, increased unit capacities and simplified operation. These advances have ensured that spirals continue to play a major industry role amidst other advancing and competing technologies. Recent developments in spiral and spiral plant technology include: the launch of the VHG spiral model, specifically aimed at feeds with very high levels of high-density mineral particles; the introduction of a high capacity wash water spiral model; and innovations in feed stabilisation and control. Details of these developments are presented together with the resultant operational benefits including feed stabilisation, product control and improved metallurgical performances.

Sep 13, 2010

Modelling and Simulation to Design a Flotation Circuit for Gold Concentration

Sep 13, 2010

By K Niyomjinda, B Etschmann

Chatree Gold Mine is currently the only modern day gold mine operating in Thailand, and is situated approximately equidistant from Chiang Mai in the north and Bangkok in the south. Environmental guidelines set by the Thai authorities require Chatree Gold Mine to achieve a Total Cyanide level of 20 ppm or less in the process plant discharge slurry stream prior to release into the tailings storage facility. This paper describes both the initial difficulties faced in achieving compliance on this limit utilising the conventional INCO SO2/Air cyanide destruction system and the subsequent process improvements initiated to both the leaching process and the standard INCO process to achieve the current compliance levels of approximately 99/100 shifts. Improvements were focussed on the dual aspects of reducing the formation of WAD cyanide and ferrocyanide species in the leaching circuit coupled with process changes to improve removal of the ferrocyanide species from solution during the cyanide reduction stage.

Jan 1, 2004

By J L. Mauk

The Favona low-sulfidation epithermal deposit in the Hauraki Goldfield is less than one kilometre southeast of the world-class Waihi deposit. The veins are hosted by Miocene andesite of the Waipupu Formation, have a total strike length of over 900 m, a vertical extent of at least 350 m and are on average 1-3 m wide. Individual veins have been traced for 200 m with vein widths up to 25 m. The dominant vein textures are massive, crustiform and colloform banded veins and vein breccias, with subsidiary textures including comb, zonal, flamboyant, lattice-bladed, ghost-bladed, microbotryoidal, feathery, ripple and dune, and mosaic. Quartz is the dominant gangue mineral in the veins at Favona. Accessory gangue minerals include pyrite, chlorite, adularia, illite, calcite, and apatite. Electrum is the only gold-bearing mineral and is associated with acanthite, tetrahedrite, pyrite, sphalerite, chalcopyrite, and rare galena. Whole rock geochemical analyses indicate that gold grades correlate with textures/vein types. The highest gold and silver grades are associated with vein breccias and banded veins, with the former containing 28 g/t Au and 136 g/t Ag on average. To date, veins with significant base metal sulfide minerals, and massive and crystalline quartz veins lack significant precious metals (Au and Ag), except for one banded base metal sulfide-rich vein at Favona. An overall zonation of the veins exists, with base metal sulfide minerals dominant at depth (1050 m RL) of the system are characterised by massive quartz veins.Fluid inclusions from a total of 31 quartz, amethyst, and platy calcite veins reveal homogenisation temperatures of ~190-250¦C, with final ice melting temperatures between 0.0 and -0.8. Ice melting temperatures correspond to apparent salinities of 18O value of the water that formed these veins is approximately -4.3 per mil, which is similar to meteoric water-dominated, near neutral chloride fluids in geothermal systems in the Taupo Volcanic Zone.

Jan 1, 2002

Processing of Hard-to-Treat Copper Ore and Flotation Middlings Using Chemical Treatment

Sep 13, 2010

Combined Flow Sheet for Treatment and Recycling of Municipal Solid Waste (MSW) with Complex Morphological Composition

Sep 13, 2010

By P Phelan

This paper presents the general background and development of raiseboring followed by case histories of circumstances where raiseboring equipment was used in a different manner to normal. Each project has been summarised for this paper as described below: Case 1: Retrieval of a 40 tonne truck from a stope at Peak Gold Mines. Case 2: Slot raising - Conventional, Uphole and Downhole Reaming at Peak Gold Mines. Case 3: Reamer recovery by Downreaming at Tower Colliery. Case 4: The importance of Mucking Raisebore Holes û Thalanga Project. Case 5: Pilot Drilling Dewatering Holes at Beaconsfield Gold Mines. Case 6: Low angle æcut offsÆ in vein at Telfer Gold Mine.

Jan 1, 1998

By P M. Ashley

Antimony (Sb) is an element similar to arsenic that forms anions in surface waters, rather than cations like other metals. Little is known about natural mobility of antimony in the environment. However, recent studies have suggested that antimony has similar toxicity to arsenic. Current New Zealand drinking water guideline values are 3 parts per billion (0.003 mg/l) for antimony and 10 ppb (0.01 mg/l) for arsenic. Antimony occurs principally in stibnite (Sb2S3) in mesothermal vein deposits hosted in low grade metamorphic belts of eastern Australia and southern New Zealand. Many deposits have been mined historically, including one large deposit, at Hillgrove, NSW. Oxidation of stibnite and associated arsenopyrite and pyrite causes local acidification of natural waters but acid is readily neutralised by carbonates in mineralised zones and host rocks, and therefore waters are near-neutral (pH 6-8.5). Antimony dissolves readily in moderately oxidized, near-neutral waters. Experimental stibnite oxidation yielded up to 37 mg/kg (37 000 ppb) dissolved antimony, and mine and tailings dam waters at Hillgrove mine have up to 55 mg/kg (55 000 ppb) dissolved antimony. Natural stibnite can contain >5000 mg/kg arsenic in solid solution and therefore dissolution of stibnite, arsenopyrite and arsenian pyrite also releases arsenic into waters. Resultant dissolved arsenic concentrations are up to 3.6 mg/l (experimental) and up to 7.2 mg/l (mine and tailings dam seepages). Mine and tailings discharge waters have elevated antimony and arsenic where they emerge, but attenuation occurs by deposition of the metals on to amorphous iron oxyhydroxides which can contain >10% each of antimony and arsenic. Historic disposal of mineralised waste rock and tailings into the stream system at Hillgrove has caused contamination of sediments and waters with antimony and arsenic for at least 20 km downstream with effects traceable in sediments for 300 km. Other stibnite-bearing deposits are likely to have analogous environmental effects, particularly from historically-mined sites.

Jan 1, 2002

Study on Basic Theory of the Grain Settlement in Fluidised Bed This paper takes thick goal grains (less than 1.5 cm) as research object. According to different densities and particle sizes, thick goal grains are divided into 20 kinds of narrow density and narrow size level average grains. Free settling and hindered settling tests are respectively carried out in ?100 fluidised bed thick goal separators. Hindered settlement includes hindered settling velocity test and measurements of suspension density. Results show follows. (1) Fluid state in separator belongs to transition region. Alien's law is the appropriate formula of thick coal particles free settlement terminal velocity. (2) The main factors affecting hindered settling velocity are the number of solid particles in medium and the structure feature of the particle group. The bigger volume fractions of solids ? is, the smaller decreasing velocity coefficient of particle hindered settlement ¯ becomes. In the organism from bottom to top, density of suspended particles in fluidised bed gradually decreases, but near the top of the suspended particles, the density increased slightly. With increase of density and size, suspension density reducing extent increases from bottom to top of separators.

Sep 13, 2010

Recovery Process of Carbon Dioxide with Metal Oxides and Metal Hydroxides

Sep 13, 2010

Mechanism of Modified Sodium Silicate on Fluorite Ore Flotation

Sep 13, 2010

By A Kitchen

For the past decade, demand for Australian resources has reached unprecedented levels, thanks mainly to the emerging superpowers of China and India. Meeting demand has meant miners and governments alike have ploughed billions into capital expenditure projects for logistics infrastructure such as roads, rail and ports, to support the ever expanding number of mines and mineral volumes. In more recent times, however, the effect of the global economic crisis has led to a decline in demand for Australian minerals. The downturn has seen companies lay off workers in droves, and delay or cancel expansion projects, in an attempt to preserve cash flow. Whilst the current economic cycle has hit the mining sector hard, it is an opportunity for companies to take stock of their existing operations and plan for the future. As mining companies grapple for scarce capital resources, it is inevitable that industry consolidation will ensue. This presents challenges and opportunities for both buyers and sellers alike, looking to expand operations, or sell off assets to raise cash.

Jan 1, 2009

On the Kinetics and Equilibrium Models for Biosorption of Ni(II) onto a Gram-Positive Bacteria Strain, Rhodococcus opacus, for Environmental Applications The aim of this fundamental study was to evaluate the biosorption of Ni(II) from aqueous solution streams onto a Rhodococcus opacus strain through kinetics and equilibrium isotherms studies. The biosorption of nickel achieved its highest value in a pH around 5. The experimental data evaluation was carried out focusing three two-parameter models, as: Langmuir, Freundlich, Dubinin - Radushkevich. In order to determine the best isotherm fit, three error analysis methods were used to assess the data: correlation coefficient (R2), residual root mean square error (RMSE) and Chi-square test. The error analysis established that the Freundlich model fits better the nickel biosorption data. Maximum uptake capacity of nickel reached a value around 7.63 mg.g-1 for R. opacus. The biosorption rate was fast and achieved a removal of around 79 per cent of Ni(II) in the first 5 minutes at room temperature (25 ¦ 2¦C). The experimental kinetics data was evaluated considering two models (pseudo-second order and pseudo-first order). The error analysis established that the pseudo-second order model better fits the data.

Sep 13, 2010

By N Hungerford, A Coote, S Doyle, D Henderson, F Della-Pasqua

A systematic, detailed airborne geophysical programme carried out in the Taupo Volcanic Region (TVR) in 2005 by Glass Earth NZ Ltd culminated in the identification of 21 epithermal gold targets. In this paper we present the follow up ground-truthing results from the first target drilled, Tahunaatara (TAH).   The Tahunaatara target was identified by means of a multi-disciplinary integrated approach (ôdata interventionö) that defined and ranked the target as being highly prospective for epithermal gold mineralisation. A follow-up ground resistivity survey over the target area revealed the presence of a ôresistorö buried beneath an extensive cover of recent volcaniclastic material. Geochemical soil sampling carried out in conjunction with the resistivity survey yielded anomalous gold values.   The host unit at TAH consists primarily of flow banded rhyolitic lavas, volcaniclastic deposits and tuffs of the Ohakuri Ignimbrite with small outcrops of silicified bedded breccias forming local topographic highs. Results from the first orientation drill hole show wide zones of intense silicification, clay alteration and mineralisation. Sulphide mineralisation is disseminated throughout the core in association with hydrothermal replacement and also occurs in association with quartz veins and infill in fractures (sulphide-only veinlets as opposed to quartz + sulphide veinlets). Textural evidence from drill core indicates that hydrothermal fluid flow was multi-staged with potential for multi-stage gold, and other elements. The presence of polymictic hydrothermal eruptive breccias indicates a hydrothermal vent system.   Alteration varies from argillic to silicic, with pervasive adularia and vuggy silicification also present. Chlorite is minor and associated with quartz, illitic clay and adularia. Assay results currently available confirm the presence of anomalous gold values in association with zones of vuggy silica deposition and intense silicification.

Jan 1, 2006

By M Simpson

Greywackes of the greater Auckland Region (Brynderwyn Hills to Hamilton), when considered on a regional scale, have characteristic ranges of physical, mineralogical and other properties. Some properties (eg density, porosity, crushing resistance, clay index) generally cluster and correlate with the basement greywacke facies, regions and terranes recognised by geologists, and their diagenetic/metamorphic level. Other local factors, particularly variations in mineralogical composition, nature of matrix cement, grain size, and degree of weathering may produce aberrant properties. Some of these local variations, when extreme, have the potential to affect the aggregateÆs performance in roading or the concrete industries.   Smectite and the zeolite laumontite are the major deleterious minerals occurring in fresh greywacke rocks of the Auckland region, although weathered rocks may contain halloysite, an expanding member of the kaolin clay mineral group. These minerals, when found in abnormally high levels in greywackes cause expansion effects in the aggregate. Currently there are inconsistencies in the detailed correlation of shrinkage, clay index, clay mineral content and intrinsic expansion data that need further research to resolve them.  

Jan 1, 2007

By A Clark

When production targets are not being reached it is essential to determine what the operating problems are so that remedial action can be taken. It is also imperative that all persons who are part of the production stream within a mining operation know and understand what the operating difficulties and delays are so that corrective action is effective. This includes the supervisors, superintendents, planning team members and managers. A new approach recently adopted at Hilton Mine to help identify these operating difficulties has been to use short-term schedules and reports known as the Daily Shift Schedule Controls (DSSC), and the Daily Weekly Operating Reports (DWOR) respectively. These control elements have enabled management and supervisory staff to accurately identify labour inefficiencies and ultimately determine capital resources.

Jan 1, 1998

One of the major changes in the resource industry in the nineties has been the re- internationalisation of the industry. The history of the resource business has been one of companies from the developed world utilising the cash flows from their operations to explore and develop mines in less developed regions of the world. This resource development has progressively generated wealth and economic development, which in tum, has led to a new generation of exploration and mining projects.   InSouth America, Chile had led the way in a mining resurgence, now closely followed by Argentina, Brazil, Venezuela and Peru. Although Chile has long had a significant copper mining industry, the pre-nationalisation phase was driven by American capital; the current phase has been spearheaded by RTZ - BHP at Escondida with Canadian junior companies, in particular, providing major speculative impetus. The Australian junior companies have not been significant in South America.   Although Canadian and USA exploration appears to be in decline, the mining industry, particularly in gold, is buoyant in North America. Interestingly, a number of listed and unlisted Australian companies are active, particularly in United States exploration.   Australian-based companies have dominated the South-East Asian exploration scene, especially in the Vietnam region. To date, the combination of political and legislative uncertainties have failed to lead to significant resource developments in this region. The area remains one of great potential, as exemplified by the exciting developments in Indonesia.   The Philippines has a history of mining, and this has been dominated by both local and North American operators. Both large and small Australian resource companies have a presence in the Philippines, and the development of the copper-gold potential could be impressive over the next decade.   The tales of the undeveloped mineral potential of China are probably rivalled only by the supposed strings of virgin Russian orebodies! Many Australian companies appear to have looked but few have chosen to proceed with Chinese developments. There seems little likelihood that China will, in the foreseeable future, rival South America as a target for Australian and North American resource capital.   Papua New Guinea has had an active, albeit chequered history in mining, with Australia long being the predominant source of exploration and development funds. The developing nation status of PNG has generated extreme uncertainty, with the current exploration scene all but dead. Most recently, the international flotation of Lihir Gold has tested the international and Australian investment community's commitment to PNG resource development.   The Australian exploration scene continues buoyant, although dominated by gold. The base metals scene is generating, on average, one significant base metal mine developed every couple of years. This is probably the fastest rate of significant base metal development in Australia's history.   The gold scene has been one of incredible dynamics, and there is no evidence that this momentum is waning. The development of new exploration techniques, together with a number of the companies reaching a critical size, has added to the momentum in the industry.

Jan 1, 1995

By A F. Cooper

Otago Schist in the Mount Patriarch, High Burn and Cameron Creek areas of northwest Otago grades from textural grade IIA in the east to textural grade III in the west. The entire region is of the actinolite-pumpellyite metamorphic facies. Lithologies in the area are interbedded turbidite sequences comprising pelite and psammite together with pebble conglomerate, greenschist and metachert horizons. The mineral assemblage of the schist is typically quartz-albite-epidote-actinolite-pumpellyite-chlorite-stilpnomelane-calcite. A good foliation is well defined in the area and is predominantly parallel to bedding, except in hinges of mesoscopic isoclinal folds. The structure of the area appears to be defined by a large southwest plunging isoclinal fold defined by bedding with a steeply dipping axial planar foliation. Kink folding and dextral strike-slip faulting in the area postdates the ductile phase of deformation. Pods of rhodonite, rhodochrosite, spessartine garnet, coombsite, caryopilite, Mnstilpnomelane and Ni-Cu-Zn sulphides were found in concordant metachert layers in the Mount Patriarch area. Metachert was also found in float in the Cameron Creek area. Malachite occurrences relating to copper mineralisation were also noted in a green metachert horizon on the eastern flank of Mount Patriarch. The coombsite, in only the third observation worldwide, is the most Fe-rich variety reported.

Jan 1, 2003

The selection of the mining fleet can have as much of an effect on the efficiency and effectiveness of an operation as the mining method. This is not to say that inefficiencies are only attributable to inappropriate equipment selections, these aspects have many factors but are not the subject of this paper.This paper will give an overview of equipment selection processes that have been utilised to date. It will also look at the increase in application of study programs/simulations from an aspect of accuracy, as well as the importance of enabling the analysis of multiple sensitivity scenario planning. An aspect that is increasingly important in project planning with commodity market movements.Another aspect that is increasing in popularity is that of automation, what effect does this have on equipment selection? What additional aspects need to be taken into consideration when assessing Automation of equipment from the beginning of a project as well as introduction into an operating mine?Once the selection process has been finalised and equipment implemented, how do we, as an industry, 'close the loop' through analysis of estimated versus actual equipment application?

Dec 6, 2010