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Resources and reserves are critical inputs into the determination of an operating mineÆs financial results and balance sheets, but how well understood is this fact. Do the investors, directors, accountants and geologists/engineers responsible for preparing or relying on relevant aspects of the end results properly understand the inputs and outputs and the associated risks that may be established. The first step is to understand how financial reports are impacted. The most obvious, and best known, impact is in the calculation of depreciation and amortisation charges against long term assets. In addition, however, there is a requirement to regularly determine whether asset book values are impaired û this is nearly always performed globally by the preparation of a discounted cashflow model for a mine which is usually based on a mine life as determined from the resource and reserve statement û the particular driver here is normally the short and long term production plans. A key aspect of the short term production plan is that it would normally not assume that the reserve and resource statement implies consistent grade, stripping ratios, etc. However, outside of the early years of a plan, more generic assumptions of these variables are often made in conjunction with the reserve and resource statement. Depending on the timeframe of the detailed production plans, this can have a large impact on a projectÆs net present value. Other financial balances that may also be impacted include restoration and rehabilitation provisions, retrenchment provisions and deferred or equalisation stripping accounts. The age old question of whether all reserves should be used or whether some or all of the resources should be included for financial reporting purposes has never been adequately resolved. It is our view that there should be no prescriptive answer to this question but judgement of all professionals involved in the process needs to be included. Furthermore, the company needs to be able to support their conclusions with well thought out and appropriate answers. This may not be in line with the approach that certain accounting standard setters may be proposing or taking, and this paper will outline the current status of global requirement and the likely future directions. Whether reserves or resources are utilised, does not change the key requirement that those preparing or using reserve and resource statements need to understand key aspects. For example: geologists/engineers do they know how reserves or resources will be used? have they imparted information on variability of key drivers such as grade or depth or dilution? do they know that major financial/business altering decisions may be made based on the analysis? accountants do they understand where the numbers have been derived from and the assumptions that may have been made in their determination? do they understand the degree of accuracy (or inaccuracy) that may exist particularly with resources)? do they understand the history of resource reconciliations and what it may mean for the future? directors do they understand the processes undertaken by the company to prepare the financial report and the interaction between the geologists/engineers and accountants? do they understand the potential sensitivity of results to the input variables? Financial reporting is extremely reliant on the use of the reserves and resources, however, the geologists/engineers, accountants and directors do not always understand the interactions between themselves which may lead to misleading public reporting. More education and communication between various parties is needed.

Jan 1, 2002

Characterisation of Manganese Ores

Sep 13, 2010

By P K. Smith, N G. Corner, R J. Ryan, D C. Arne, F P. Bierlein

The Reefton Goldfield has produced 67 t of gold from mesothermal vein gold deposits in metasedimentary rocks of the Greenland Group (Cambrian-Ordovician). The Globe-Progress deposit contributed 13.2 t (418,000 oz) of this total, predominantly from quartz veins. Recently a resource of 14 Mt at 1.96 g/t Au (27.5 t or 882,300 oz of contained gold) has been delineated at Globe-Progress in quartz vein remnants and disseminated within adjacent sedimentary rock, much of which has been locally brecciated. The breccias consist of quartz vein and sedimentary wall rock fragments set in a matrix of clay ærock flourÆ and sulphide (arsenopyrite plus minor pyrite and stibnite). Gold, closely associated with sulphide, is disseminated within the breccia. Disseminated gold also occurs in massive siltstone and sandstone adjacent to the quartz veins and breccias. Exploration drilling at Globe-Pogress, and several other Reefton prospects (e.g. Capleston, Merrijigs, Big River and Alexander River), has intersected zones of disseminated arsenopyrite carrying up to 20 g/t more gold. These mineralised sediments commonly have little or no megascopic quartz and or carbonate veining. There is little visible indication of former primary or secondary permeability for the passage of hydrothermal fluid and deposition of gold. However, porosity and permeability were formerly present in inter-granular pore spaces and microveinlets now filled with quartz, carbonate and K-mica. The Fosterville gold deposit in Victoria bears many similarities to the Globe-Progress deposit at Reefton, in terms of age, host rocks, hydrothermal alteration and mineralisation style. Many ofthe disseminated deposits in Nova Scotia, including deposits at North Brookfield and Moose River (Touquoy Zone), have similar characteristics to the Reefton disseminated mineralisation, but commonly have abundant pyrrhotite and some deposits have disseminated metal alloy grains of complex metallurgy.

Jan 1, 2000

The Mount Lyell Company's concentrating mill is situated about a quarter of a mile westward of the portal of the North Lyell tunnel, which serves the North Lyell, Royal Tharsis and Crown Lyell mines, being on the 1100-ft. level of the first named. The Comstock mine is connected with the tram system at this level by five and a half miles of steam tramway, two-foot gauge being standard throughout.The plant is well placed with regard to all essential services and has an excellent water-supply from a series of three dams on the West Queen river.MILLING ORESThe mill feed is a mixture of the outputs from the foUr mines mentioned, each of which has its characteristic ore, but, generally speaking, about half of the ore consists of siliceous schists and the other half of hard grey quartzite. The schisty ores are easy to crush, but, on grinding, while the schist slimes readily, the quartz granules are hard, resulting in the handling of heavy loads on the secondary classifiers. The quartzite ores are both hard to crush and difficultto grind.The principal sulphide materials are bornite, chalcopyrite, and pyrite, chalcopyrite being the main copper-bearing mineral.The crystallization is coarse in the schisty ores, but it has been shown that even the 200 mesh (Tyler) material contains included sulphide particles. At the present time the sizing of the final tailing averages 80% through 200 mesh.

Jan 1, 1932

By KEITH BARRONI

In the proposed criterion for coal a distinction is made between brittle and "psuedo-ductile" failure. This criterion is the basis for the development of new equations for coal pillar strength, including a transition from brittle fracture to pseudo-ductile yielding. In addition the equations obtained allow the critical minimum pillar dimensions to be calculated to avoid "catastrophic" and "ultimate failure".The validity of these formulae can be tested by comparing their results with pillar case histories derived from the literature.

Jan 1, 1988

The areas of concern lay in the processing of, and the subsequent hearing into, Waihi Gold's resource consent applications to extend Martha Mine. The proposed amendments to the Resource Management Act 1991 might see the introduction of contestability in the processing of applications - which would have assisted Waihi Gold; and the use of commissioners to hear the applications, with a right of appeal to the Environment Court on points of law only. It is also proposed to have major applications heard directly by the Environment Court. If Waihi Gold's applications had been heard at first instance by the Court, the delays in time and associated costs would have been reduced. However a hearing by commissioners only would not have been satisfactory, there being no right of appeal against the conditions of consent, which if implemented as granted by the Councils would have had a significant impact on the costs associated with the extended project.

Jan 1, 1998

Innovative Technology for Optimised Thickening Sedimentation

Sep 13, 2010

Geophysical surveys are currently being carried out over mineral prospects all around the Pacific Rim. Many of these surveys are successful in locating mineralisation in porphyry intrusives, mesothermal environments, and epithermal vein systems. A number of examples of surveys in Indonesia and Papua New Guinea are presented, which show the successful application of various geophysical techniques to the discovery of mineral deposits on the Pacific Rim.

Jan 1, 1999

By Parker A. J, Grimsey E. J

Studies have been carried out on the dead roasting of a copper-iron and a copper-nickel-iron sulfide concentrate, followed by segregation roasting with coal and leaching with either curpric sulfate in aqueous acetonitrile or cupric chloride in brine solution to preferentially solubilize copper. The effect of dead roasting and segregation roasting conditions on the overall leaching of copper and the separation of copper from iron and iron and nickel is reported. An excellent separation of copper from iron and a good separation of copper from iron and nickel can be obtained provided sulfur is removed to 0.5 per cent or less during the dead roast and provided the coal addition and temperature of the segregation roast are near the minima required for the segregation of copper.

Jan 1, 1983

The Performance of Benzyl Arsonic Acid as a Collector in the Flotation of Wolframite and Cassiterite Slime

Sep 13, 2010

When a thin film of volatile matter is deposited under vacuum on a polished coal surface, and the coated surface is examined microscopically in plane-polarized reflected light, colour changes are observed which are characteristic of the various macerals present. The colour changes appear to be mainly due to interference between light reflected at the upper surface of the film and at the film!coal interface. A variety of source materials for the volatile matter required have been tested, including powdered bituminous coal, coal tars, boron oxide, and certain resins. Bituminous coal gave the best results.

Jan 1, 1970

By M Donghi, G Ramage, A Barnes

As the mining landscape continues to transform, the challenge of accessing deeper orebodies quickly and safely is becoming a frequent topic of conversation amongst those in the mining industry. The rapid development of underground mine entries to gain earlier access to deeper orebodies is an ever-present challenge to mine owners and contractors. Overcoming this and providing economical solutions to unlock the value in these deeper deposits is a challenge that should be confronted.In 2013, Redpath Australia Pty Ltd (Redpath) commenced construction of what would be the first of two drifts excavated through the use of a tunnel boring machine (TBM) in Queensland’s Bowen Basin.The excavation and development of the two drifts (declines) was completed as part of a contract for underground mining services between Redpath and Anglo American at the Grosvenor Coal Mine Project in Central Queensland, located approximately 5 km north of the town of Moranbah. Having recently completed the drift development, this paper will extend on the early writings of Donnelly, Ramage and Donghi (2014) and provide detail on the operational achievements, advance rates, threats, opportunities and learnings during the excavation of the two declines: the conveyor (CV) drift and the transport (M&M) drift.CITATION:Ramage, G, Donghi, M and Barnes, A, 2016. Experiences gained through tunnel boring machine decline development, in Proceedings Seventh International Conference and Exhibition on Mass Mining (MassMin 2016), pp 695–712 (The Australasian Institute of Mining and Metallurgy: Melbourne).

May 9, 2016

For many years the scrubbing of roaster gas carrying sulphur dioxide has been carried out at the plant of the Electrolytic Zinc Co. of Australasia Ltd. at Risdon, Tasmania, using long horizontal tubes. in which the gas stream crossed a shower of water. In order to provide for increased roaster capacity, it was evident that additional gas scrubbing capacity would be required to prevent pollution of the atmosphere.This provided an opportunity to review the whole operation of gas scrubbing and an investigation was initiated to determine the characteristics of a counter-current type of scrubber. It was hoped that a change to this type of scrubbing would also reduce the sulphur dioxide concentration of the gas delivered to the atmosphere to a negligible amount. This, paper outlines results obtained from an experimental tower which was operated under a wide range of conditions, the packing height, gas flow, water flow, water temperature, and concentration of S02 in inlet gas being varied independently. A description is given of the leading features and operating characteristics of the plant units, which are designed on the basis of the experimental results. Operation of the new scrubbing system commenced on October 5th, 1948.THE PROBLEMThe gas which is handled carries S02 which may vary in concentration from 2% to 5%, and reaches the scrubbing system at a temperature of approximately 180 deg. C. An appreciable amount of suspended material accompanies the gas which has passed the cyclone system.

Jan 1, 1949

Vitrinite reflectance forms the basis of a study of coal rank variation in two areas of the Upper Hunter Valley, New South Wales, on the northern margin of the Sydney Basin. A selective analysis procedure, based on samples rom twenty-two boreholes, has resulted in a small range of reflectance values for each sample and consequently a high degree of significance for calculated mean values. The patterns of rank distribution derived from these data have facilitated an interpretation of the rclative timing of coalilication and deformation in each area.This study provides support for the suggestion by several authors that there were at least two periods of folding in the tJpper Hunter Valley. In the Hebden-Ravensworth area, minor folding took place after most of the coalilication was completed.To the west, in the region of the Muswellbrook Anticline, coalification occurred during or after the formation of this major structure. Tectonic instability during deposition of the Singleton Super-Group, in the region of the Hunter-Thrust on the basin margin, is evidenced by rank variation suggesting differential subsidence across this zone.

Jan 1, 1980

A comparatively new and very promIsmg field for applying cemented tungsten-carbides is in the mining and quarrying industries. The economic advantages of this unique engineering material over the conventional hollow drill steel, or steel detachable bits, have proven so great that the use of "hard metals" promises, in some instances, to revolutionise the drilling of all manner of minerals. Early in the war years the Germans realised the tremendous advantages cemented carbides offered for holing hard rocks, and they proceeded to develop detachable percussion bits to do this work, at the same time evolving fast, comparatively light-hitting driliing machines, especially designed to suit the mechanical properties of the carbide.Here in Australia also, it has appeared that the detachable percussion bit offers the greatest economic benefits to consumers, although the author is well aware that carbide-tipped drill rods have, and may continue to work out satisfactorily in certain mines and quarries.Most drilling equipment at present installed in Australia may be described as being of the heavy hard-hitting variety, so that the designer of an efficient percussion bit has to take special precautions to overcome the problem of fatigue, and to ensure that the inserts are securely mounted in the body with the minimum of internal stress in the carbide.

Jan 1, 1950

Between February and August of 1986, Dr Alfred Petrick visited New Zealand sponsored under a Fulbright grant administered by the New Zealand-United States Educational Foundation. The grant supported a research project completed by Dr Petrick having as an objective, the preparation of a preliminary economic evaluation of the mining of six Otago lignite deposits as a source of energy for steam power generation or in liquid fuels. The research is limited to consideration of preliminary geological and engineering data on the six deposits and to the time constraints of the Fulbright visit. This paper is a summary of the final Fulbright report. The complete report including the listings of the computer programs is available from the Otago School of Mines.

Jan 1, 1986

By Carlos G. C

Geological mapping in various parts of Australia is revealing a number of regional associations of mineralizations with particular persistent stratigraphic horizons. Such associations have been found in the Broken Hill district of New South Wales, in the Nairne district of South Australia, in the Mount Isa district of Queensland, and in the Cloncurry district of Queensland. The question has arisen as to whether such mineralizations are of sedimentary origin, syngenetic with the enclosing formation, or whether they are of epigenetic origin, and reflect the selective hydrothermal mineralization of favourable beds on a regional scale.The purpose of this investigation is to test the use of sulphur-selenium ratios as an objective method of distinguishing between suphide deposits or sedimentary or supergene origin, and sulphide deposits of hydrothermal origin, with particular application to the districts mentioned. At the same time much data has been accumulated as to the selenium content of Australian sulphide ores. The possible use of sulphur-selenium ratios for this purpose was first demonstrated by Goldschmidt and his coworkers (1933; 1935), and later by Carstens (1941). Goldschmidt and Strock (1935) found that pyrite of sedimentary origin had a sulphur : selenium ratio of the order of 200,000 or more, whereas pyrite of hydrothermal origin had a sulphur: selenium ratio of 10,000 to 20,000. Carstensfound that sedimentary pyrite deposits in Norway contained less than 1 g. Se per ton, whereas hydrothermal pyrite deposits contained 20 to 30 g. per ton.

Jan 1, 1954

In the Broken Hill South mine tile practice of issuing to the miner a quantity of fuse and a box of caps from which he made up the "rods" required for a particular blast, has been abandoned. Instead, capping stations have been established, and the miner can now obtain, from the magazines, fuses cut to accurate lengths with the detonators attached.Various types of fuse-cutting machines and crimping devices are available, but only those used by the Broken Hill South Mine Ltd. are described in this paper.The fuse-cutting machine, designed by the engineering staff, is an electrically driven unit fitted with a gear box for the purpose of adjusting the rate at which the fuse is fed to the cutting device, thereby enabling fuses of various lengths to be accurately severed from the main coil of fuse.The machine in question is designed to cut 4, 6, and 8-ft. fuses, but no difficulty should be experienced in designing a machine to cut fuses to any required lengths.

Jan 1, 1932

Raw materials account for over 60 per cent of the cost of hot metal production in classical blast furnaces and the principal cost component is cost of coke. Dependence on coke is a traditional weakness of blast furnace ironmaking and while efforts have been made to evolve alternative ironmaking technologies which do not use coke, such as direct reduction, smelting reduction, and the more recent method of making iron carbide, blast furnaces continue to be the most efficient means of producing bulk hot metal even today. Coal injection, to the extent of 150 - 200 kg/t of hot metal, has been one of the major innovations made in blast furnaces to decrease cost and to reduce the dependence on coke. This has, however, given rise to more stringent coke property requirements (which often means more expensive coke) - a `tail spin' of Sorts!

Jan 1, 1999

By Pound J. R

THIS mine, which is the property of the S. and M. Syndicate, London, is located at Moina, in North-West Tasmania, 18 miles from Stavertorr railway station and 36 miles from Devonport. There are metalled roads from both of these places, and, althoughhilly, these are good for team or motor traffic. Mails and passengers are provided for by a tri-weekly coach service from Sheffield, a railway town, distant 23 miles. The Moina mining field is situated on a main spur between the Forth and Iris Rivers, andat an elevation ranging from about 500 ft. above sea-level at the Forth River to 2400 ft. at the All Nations mine. The elevation at the mine office of the S. and M. mine is 1900 ft. The average annual rainfall, as recorded for the past eight years, is. 68 in.This inclildes, however, a couple of years during which the rainfall was much above normal, and taken over a longer period 60 in. would be nearer the average.

Jan 1, 1919