Search Documents

By J Seppelt, B Akerstrom, J Bubnich, D Seaman, T Waters

The Cadia Hill concentrator at Newcrest’s Cadia Operations has undergone several modifications and upgrades to treat an increased throughput rate of harder ore from the Cadia East block cave mine.Subsequent to the commissioning of the expanded circuit, the flotation cleaner block has undergone a systematic optimisation programme tackling all facets of circuit operation. This included debottlenecking circuit constraints and installation of Jameson cell technology to enhance copper and gold recovery while rejecting fluorine and gangue from the concentrate.This paper outlines the improvements over the course of the project and results obtained from the implemented actions.CITATION:Akerstrom, B, Seppelt, J, Waters, T, Bubnich, J and Seaman, D, 2018. Cleaner circuit optimisation at Cadia Operations, in Proceedings 14th AusIMM Mill Operators' Conference 2018, pp 457–476 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Aug 29, 2018

By W Mahoney, F Clement, E Saraiva

Prefabricated waterproofing sheet membranes are extremely complicated to install in underground sections with complex geometries and, despite being already subjected to quality tests in the factory, the installed membrane often exhibits leakages due to different reasons. Main sources of leaks are the required high amount of welding seams and damages caused during installation of reinforcement, as well as overstretching and poorly installed secondary concrete linings. Also the design of the tunnel lining is strongly influenced and limited by the use of prefabricated waterproofing sheet membranes. The use of sprayed waterproofing membranes for more than a decade has contributed to durability and serviceability, as well as to increasing sustainability of tunnel linings. The presented sprayed waterproofing membrane MasterSeal 345 is an advantageous alternative to prefabricated waterproofing sheet membranes under typical tunnelling conditions, especially in geometrically complex areas, such as in lay-by niches, cross passages and crossover caverns, where installation of conventional waterproofing membranes is inherently difficult, and locating leaks is challenging. This membrane has been successfully used in underground projects with different waterproofing design concepts and under diverse hydro-geological and environmental conditions for over a decade. It provides tunnel designers with different options and optimisation for the design of the tunnel concrete lining. Additional advantages to owners, contractors and designers from the use of the sprayed membrane include flexibility in the design, increased productivity and flexibility in working programming, as well as improved logistics, resulting in significant program and cost savings and reduced long-term maintenance costs. This paper describes the key features of this sprayed waterproofing membrane, its application range and limitations, the waterproofing concept, design options and related benefits. Further, guidance for membrane application and quality control and a summary of two recent project references in the United Kingdom and in Switzerland are provided.CITATION:Saraiva, E, Clement, F and Mahoney, W, 2014. The use of sprayable waterproofing membranes in underground structures – concept, design options, benefits and limitations, in Proceedings 15th Australasian Tunnelling Conference 2014 , pp 323–332 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Sep 17, 2014

This paper aims to address the issue of the public's image of the extractive minerals industry. What is it about the industry that incites such negative feelings and are they justified? Are we really the 'rapists of the land' that many would have us believe? Has the industry really not improved since the old gold boom days?   I believe that the fundamental cause for the public's view is lack of knowledge and understanding of the industry as a result of the dislocation of the end production from its source. There are few people who look at a house, car, record, toilet, tooth-brush, bottle of coke or pair of glasses and see the mine site that supplied the source material. But the mine site and its products should be inseparably linked. This is one area where we should be educating the public û it is all very well being anti-development but the population as a whole is not really prepared to live without its 'mineral'-derived necessities. It is very easy to say that we do not want minerals development in New Zealand but are we prepared to live with the consequences, ie go without its products? We have a duty as a global citizen to develop our own resources rather than expect Third World nations desperate for overseas investment, often with governments who are not prepared to constrain or control their development, to be exploited. New Zealand is not the only 'beautiful' place in the world and we should be aware of the impact that our demands for resources have on the countries who supply us. We have a duty to be a good global citizen.   So how does the industry improve its public image? The key here has to be to educate. This does not have to be high powered or expensive but can be as simple as getting a few local kids' hands dirty panning, and gaining some firsthand knowledge of the industry. The industry also needs to be more pro-active in the public arena. Yes, the industry has skeletons, but the industry should be publicly displaying them û admit that things have gone wrong but let's do it ourselves and not leave it up to the environmental groups to accuse, point the finger and put the industry under public scrutiny. The industry should also be publicising its successes, inviting the local press, councils, etc to view the latest area rehabilitated. But more than anything else we must tell the public what the minerals industry means to New Zealand. Can they really live without us?

Jan 1, 1991

Gold-rich porphyry copper deposits areimportant sources of gold in the circum-Pacific region: 26 major deposits contain >7000 tonnes of gold. The deposits occur in a variety of subduction-related settings, and may be underlain by crust that is undergoing either extension or compression and that is either oceanic or cratonic in character. The deposits are associated intimately with composite porphyry stocks, which commonly were emplaced into coeval andesitic volcanic piles. The stocks range in composition from low-K calc-alkaline through high-K calc-alkaline to potassic alkaline. Much of the copper and gold were introduced as components of K-silicate alteration, which may undergo partial overprinting by intermediate argillic assemblages. Advanced argillic alteration is widespread in the shallow parts of the systems whereas sericitic alteration at deeper levels tends to be restricted. Gold distribution generally follows that of copper, which is present mainly as chalcopyrite with or without bornite. The gold is in the native state and occluded by cr in close proximity to the copper-iron and/or iron sulphides. The magmas and metals necessary for the generation of gold-rich porphyry deposits were derived mainly from subcrustal sources, with the subducted slab believed to play a pivotal role.

Jan 1, 1990

I The South Platform of the Gippsland Basin is an extensive area of shallow basement covered by a relatively-thin Late Mesozoic-Cainozoic section. Although the sporadic exploration to-date has not resulted in any hydrocarbon discoveries, the area is under-explored and its taste potential has not yet been fully evaluated. The best potential appears to be in areas underlain by the Golden Beach Megasequence where structures are mainly related to basement fault blocks.

Jan 1, 1992

By G F. Brent, S Hawke, M Rothery, P Dare-Bryan

Mine-to-mill studies have previously demonstrated downstream productivity benefits from relatively modest increases in blast energy, or powder factor. These increases have up to now been limited by safety and environmental constraints, since excessive blast energy can result in flyrock, unacceptable vibration, airblast and wall damage.Here, a new blasting method that overcomes these constraints is presented. For the first time it is possible to employ powder factors that are several fold higher than conventional blasting. Independent modelling has shown that such powder factors can potentially increase mill throughput by 20 to 40 per cent. The economic implications are substantial, both in terms of increasing production in existing operations and in consideration of capital and plant requirements for greenfield sites. In addition, mill electricity and grinding media consumption and their associated costs and energy and emissions penalties can be reduced.This method represents a step-change in blasting practices. It involves a novel design utilising dual blast layers within a single blast event, all initiated with state-of-the art electronic blasting systems. The energies in the lower layer can be as high as five times the standard energies, providing for intense fragmentation of the ore. Results from blast models have been confirmed in field trials of the method.Open cut gold mining, in particular, stands to benefit from this method. As gold grades decline, milling costs and throughput increasingly become constraints on production that can be alleviated with this new method. Additionally, it opens possibilities for improved recovery. Blast modelling studies show that dilution of gold ore within the blast can be managed with the new method. Furthermore, it has been shown that vibration from the new method is actually lower than from conventional blasting, allowing the use of the technique in proximity to mine highwalls and other key infrastructure such as underground orepasses.It is concluded that this new method could substantially increase gold mine production and profitability while reducing overall energy consumption and associated emissions.CITATION:Brent, G F, Dare-Bryan, P, Hawke, S and Rothery, M, 2013. Ultra-high-intensity blasting - a new paradigm in mining, in Proceedings World Gold 2013 , pp 395-400 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Sep 26, 2013

By M Lak, R Amiri, A Haratian, M Asghari, S Haji

In recent years, due to advances in designing of various magnet assemblies, a wide range of magnetic materials with different properties can be concentrated. Jalal Abad iron ore beneficiation plant, which is located in Iran, Kerman province, is currently producing iron ore concentrate with the capacity of 0.8 Mt/a by having medium intensity magnetic separators (MIMS) with rougher and cleaner stages that finally leads to the production of an iron concentrate with the Fe grade of about 65 per cent. In this plant, the rougher tailings directly goes to the thickener as the final tailings and cleaner tailings feeds to the ball mill for regrinding. Since some hematite particles with weak magnetic properties cannot be recovered from only these two stages of magnetic separation, the obtained tailings from this concentration plant has approximately an iron grade of 25 per cent to 27 per cent. Accordingly, laboratory processing tests were conducted on the obtained representative sample of the final tailings. Based on the experimental results performed on final tailings, a new magnetic drum separator with a specific magnetic assembly was designed that could finally lead to product with iron grade range of 58 per cent to 60 per cent with relative and total weight per cent of 8.6 per cent and 3.86 per cent. Finally, it could be concluded that feeding of magnetite particles to the existing drum separators, due to their high magnetic field intensity, cannot efficiently lead to improvement of the grade of concentrate. Therefore, pilot magnetic separation tests were done on the final concentrate for evaluation of product upgrading probability. Consequently, by increasing another stage of cleaning and by decreasing the magnetic field intensity, the final product grade could be enhanced from 65 per cent to 67 per cent.

Nov 8, 2021

By S K. Schwank

Trench cutter systems have been used in civil engineering for the least 30 years for the installation of deep cut-off walls, retaining walls and foundation systems. The systems are constantly advanced to achieve greater depth, penetrate through harder rocks a provide a bigger footprint of the cutter. The state-of-the-art equipment can reach down to 250 m vertical depth and penetrate all different types of soils and rocks up to 150 MPa unconfined compressive strength.In mining, especially in commodities with a high value and where the ore deposit has a small footprint, cutter mining with vertical attack from the existing ground level will be a new, cost-efficient approach where conventional open pit mining is not economically feasible due to a high stripping ratio. The same applies for open pit mines that have reached the end of their conventional mine life and where going underground is also uneconomical. The BAUER Cutter Mining System, which has been adapted to the special needs of mining, is a new technology that will allow mining at depths of up to 250 m.The same system can be also applied to ore dykes, be it vertical or slightly inclined, concentrating the excavation on the actual orebody and minimising the strip ratio and the contamination of ore. The system can be adapted to the dimension of the dykes or veins and to the rock conditions.BAUER’s latest approach is to use the vertical cutter mining technology for the extraction of sea floor massive sulfides from the seabed in deep ocean waters. Due to the compact footprint of the system and the vertical attack for mining, extraction of the ore can be concentrated on the hot spots, minimising the environmental impact on the sea floor both for mining and manoeuvring the remote-controlled mining tool.CITATION:Schwank, S K, 2015. Cutter mining – crossover technology from civil engineering to mining, in Proceedings Third International Future Mining Conference, pp 95–100 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Nov 4, 2015

By M Saghaeian, A H. Baladastian, A Dehghani Ahmadabadi, V Sheikhzadeh, R Hejazi

With the declining of high-quality hematite and magnetite iron ore reserves and the increasing accumulation of material resulting from mining and beneficiation operations that appear as lowquality depots and discharged materials in tailing dams, the necessity of recycling these reserves is increasingly becoming a critical demand. The Chadormalu iron ore mine is among the largest deposits of magnetite-hematite iron ore in Iran. In this mine, the total wet processing tails accumulated in tailing dams are over 92 Mt containing 25–40 per cent Fe. Laboratory and pilot tests on tailing samples led to the design and implementation of the Chadormalu Tailing Recovery plant (CTR) with a unique process circuit in Iran. In the CTR plant, after three steps of re-pulping with spiral classifiers and sanding machines, the underflow is concentrated by two stages of WMIMS and produces 64 per cent Fe grade magnetite concentrate. The tailings of the drums are mixed together and introduced into the hematite recovery section, including two stages of VPHGMS separators, and 60 per cent Fe grade hematite concentrate is produced. This plant has been in operation for over ten years with a total yield of 18.93 per cent. Due to changes in the materials extracted through new tailing dams, the quality of the final concentrate dramatically dropped to 56.36 per cent Fe and 0.79 per cent P; therefore, applying reverse flotation and removing phosphorus from the final concentrate was inevitable. By using this approach, upgrading of the concentrate to 63.01 per cent Fe and 0.05 per cent P was obtained. Furthermore, regarding the high amount of phosphorus in the tailing streams, direct flotation has been designed to produce apatite concentrate as a by-product stream through a flotation system comprising series banks of Rougher, Cleaner, and Re-Cleaners flotation cells. Hence based on the results, at optimum conditions, a final apatite concentrate with a yield of 15.78 per cent and 14.06 per cent P could be achieved. Successful implementation of this project has led to the production of magnetite-hematite and apatite concentrates with annual capacities of 250 000 and 45 000 t, together with total yields of 11.59 per cent and 6.19 per cent (includes de-sliming of apatite flotation feed), respectively.

Aug 24, 2022

By K Afewu, R Dunne, W P. Staunton

The treatment of preg-robbing gold ores has always been a technical challenge in the gold industry. Early solutions included removal of preg-robbing carbonaceous material by flotation, the addition of kerosene to æblindÆ/passivate the surface of the preg-robbing component, and the most effective of all options, roasting the ore. Unfortunately gold ores have become more complex and roasting has environmental challenges, so other methods of treatment have had to be found. This paper will review methods of characterising preg-robbing gold ores, method of treatment and cite examples of actual application in the industry.CITATION:Dunne, R, Staunton, W P and Afewu, K, 2013. A historical review of the treatment of preg-robbing gold ores - what has worked and changed, in Proceedings World Gold 2013 , pp 99-110 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Sep 26, 2013

By P Jackson, J Rea, M D. Goodz

The Morning Star Gold Mine has operated over a 101-year period, producing gold from narrow quartz veins and sulfide stockworks hosted mainly within a dioritic-gabbroic dyke. The deposit has been developed over a vertical depth of 980 m with drilling extending the vertical depth to greater than 1200 m. Currently there is a total Inferred Resource of 4.6 million tonnes at a grade of 6 g/t for 910 000 ounces of contained gold resources, which comprises an underground project and a surface project. Significant variation exists between the grade of drill core intersections and that observed in face sampling and subsequent production reconciliation (250 - 650 per cent). Studies were carried out on ten major production reefs, where the grades of drill intercepts were compared with face samples collected during development and mining. The implications of this study have been used as justification to assign production or stope/development grades where applicable to resources that are direct extensions of the historical development headings. Grade assignment and its impact on sensitivity for gold resources are detailed and show a 40 per cent variation in the gold resource, depending upon whether a production or calculated stope grade is used in grade assignment for the major reef deposits. Recent diamond drilling has intersected approximately 40 new gold bearing quartz reefs and sulfide zones that contain all the key mineralogical and structural indicators, and traditional large variations in gold grades similar to the historical major production zones. The implications of grade factoring and grade assignment are the greatest challenges confronting the resource estimation team in defining grade for these new zones. Grade assignment is seen as a method of balancing known historical production observations with the irregular grade distribution inferred from drill core assay results. Ongoing mine development and bulk sampling works are planned to validate the grade assignment process. The first stage of this process is the trial mining of the newly discovered Maxwell Reef (MR). The stope drawpoints were completed in August 2008 and the MRS1 stope is scheduled for completion in September. The stope reconciliation results will be presented at the October 2008 conference.

Jan 1, 2008

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 A Trench, S Ulrich, S Hagemann

A synthesis of reported All-In Sustaining Costs (AISC) for 57 Australian gold mines in the period 2014–2016 reveals for the first time the clear influence of grade upon cost performance, most evident in gold-only underground mines. Past syntheses of costs on a single quarter basis have viewed grade as potentially subordinate to other factors such as production scale, mine geometry, mineralisation style and a combination of other mining-related costs. Better understanding of the grade to cost relationship on both an individual mine and whole-of-portfolio portfolio basis is needed. Insight into the roles and trade-offs between other cost-determining factors will aid the future sustainability of the gold mining sector in Australia and assist in targeting prospects for future resource growth and development. While the overall trend is toward higher-grade mines displaying lower costs and vice versa, the grade to cost functions appear radically different between mines based on time-series data. The median cost of Australian gold production in the final quarter of 2016 was A$1081/oz. The threshold for lowest cost quartile production was A$965/oz. Underground production now dominates Australian gold output – with 71 per cent of ounces originating from operations that are either entirely underground or hybrid pit/underground mines. Scale economies are evident, with smaller mines predominately among the higher cost producers. For mines of equal grade, open pit mines are lower cost than underground operations. Reserves are modest, with a median mine life for underground operations of 4.7 years based on current production rates. Reserve additions at mines are likely constrained not only by the finite nature of mineralisation at each mine but also by the geometrical difficulty of accessing suitable drilling locations to test for reserve extensions.CITATION:Ulrich, S, Trench, A and Hagemann, S, 2017. Towards an understanding of production costs at Australia’s underground gold mines, in Proceedings 13th AusIMM Underground Operators’ Conference 2017, pp 241–250 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Oct 16, 2017

The first record of coal discovery in Australia dates back to 1791 when escaping convicts found coal in the banks of a creek just south of Newcastle. Development in the Newcastle Coalfield was the sole source of supply for the colony and for export until the 1850s when mines were established in the Southern & Western Coalfields. The important Hunter Coalfield was not discovered until 1873 when coal was found at Rixs Creek near Singleton: The first exploration drillholes were commenced in 1799 using drilling equipment obtained by Sir Joseph Banks. From 1820 to 1850 several famous geologists (naturalists), including the Rev W. B. Clarke, J. D. Dana and Strzelecki, wrote reports on the coal measures in New South Wales. The first Government Geo- logist, Samuel Stutchbury, was appointed in 1850. The major coal deposits of the State are contained in Permian Coal Measures in the Sydney-Gunnedah and Oaklands Basins. Coal quality ranges from high volatile, high moisture thermal coal at Oaklands to low volatile hard coking coal in the Southern Coalfield. Most coalfields can provide a range of steaming and coking coals.

Jan 1, 1988

The Olympic Dam copper/uranium deposit was discovered in 1975 and subsequently commenced production in 1988 at a rate of 1.5 Mtpa using the sublevel open stoping mining method. In the following five years the operation underwent two optimisation programs that have increased mine output to the current rate of 3.4 Mtpa of ore. The pre-expansion requirements were annual development of approximately 10 000 m and the placement of around 500 000 m 3 /yr of cemented backfill. Previous to 1995 all hoisting was carried out by the Whenan shaft. The Robinson shaft was commissioned during that year to hoist increasing development mullock tonnages and to allow for increased ore hoist via the Whenan system. In 1996 WMC committed to expanding the output of the operation from 85 000 tpa (1996/97 budget) copper metal to 200 000tpa. The corresponding increase in mine ore production requires expansion to a nominal rate of 9.0 Mtpa. To achieve these increased tonnages, major hardware installations will include sinking of a third shaft capable of hoisting in excess of 9.5 Mtpa, a rail haulage horizon utilising automatic trains, expansion of the existing backfill plant to a production capacity of over 1.8 million m 3 /yr, increasing long term development rates to 15 000 m/yr and increasing the production drilling and blasting rates in line with the higher stope production output. This paper provides detail into the intended hardware (shafts, equipment, etc) of the mining system, and outlines the intended long-term operation and management of the operation. Of particular note is the background requirement of ensuring existing production targets are met to provide critical cashflows into the project during the period of expansion.

Jan 1, 1998

By S Morgan, L C Pagdalian, S Serdzeff, C Malaloy-on

It is widely accepted that mineral deposits are decreasing in metal grades. To remain profitable and meet market demand, mining companies are expanding their operations by increasing the tonnage treated. These expansions may include new concentrators with higher nameplate tonnages or upgrading the capacity of existing ‘brownfield’ operations. In many cases, the brownfield upgrade route is preferred as it is less capital intensive; however, brownfield upgrades are never straightforward and present many metallurgical and engineering challenges.For example, to increase feed throughput at a brownfield site, there will be a requirement to modify the mine development plan. This may result in the ore mineralogy varying beyond the current feed fluctuation range. To accommodate these ore variations, a combination of mineralogical analysis and small scale testwork can be used to develop a new process flow sheet to achieve the product recovery/concentrate grade requirements. In general, however, flow sheet development does not usually consider site specific layout constraints and equipment requirements. At sites where future expansions were never considered, taking this silo approach could lead to project delays and compromise the circuit design.Engaging an experienced technology partner ensures the nominated project team is involved throughout all stages and aspects of a given brownfield upgrade – from conceptual flow sheet development, through to detailed engineering, construction and commissioning. The recent Carmen Copper Corporation (Carmen Copper) circuit upgrade has been completed in technology partnership with Outotec. The circuit upgrade was extensive and included new equipment additions to the comminution, flotation and dewatering circuits. Carmen Copper’s intimate knowledge of the ore characteristics, in conjunction with a trusted, knowledgeable technology partner, facilitated a robust circuit design, and fast-tracked the project execution. This paper deals specifically with the flotation circuit upgrade and highlights the benefits to Carmen Copper of this holistic approach.CITATION:Morgan, S, Serdzeff, S, Malaloy-on, C and Pagdalian, L C, 2014. The benefits of technology partnerships during brownfield upgrades, in Proceedings 12th AusIMM Mill Operators’ Conference 2014 , pp 471–476 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Sep 1, 2014

By T Baumgartl, R Akesseh, M Edraki, B Usher, M Shaygan

With the continuing demand for industrialisation and urbanisation, the rate of mining and processing lower grade ores will also increase, producing large quantities of waste. As extreme weather events associated with global climatic changes are to be expected, the risk from mine tailings management will also increase (Edraki et al., 2014). In sulfide rich tailings, weathering within the critical zone controls the fate and distribution of the contaminants such as copper, zinc, and lead in the environment (Hayes et al., 2014). Tailings evolve geochemically and physically with time as they age under the influence of complex interacting factors. Understanding of the complex interactions between these controlling factors is important for predicting and mitigating the potential risks associated with sulfide tailings such as generation of acid mine drainage (Lindsay et al., 2015). Wetting and drying initiates weathering processes, influencing the hydrological, geochemical and geomechanical properties of the tailings. In semi-arid climates where evaporation exceeds precipitation, salts may precipitate within the pore system as well as on the tailings surface. These salts become the temporal sink of heavy metals until the next episodic rainfall (Nordstrom, 2011, Grover et al., 2016). Therefore, using kinetic and static test to describe the trajectory of these material evolutions without considering the complex interactions could potentially lead to erroneous prediction. In order to understand these relations, the effect of drying and wetting cycles on the hydrological, geochemical and geomechanical properties of ageing tailings was studied to draw conclusions for advanced tailings site rehabilitation and mine closureCITATION:Akesseh, R, Shaygan, M, Usher, B, Edraki, M and Baumgartl, T, 2018. Wetting and drying cycles as a means to determine the effect and consequences of tailings ageing, in Proceedings Life-of-Mine 2018, pp 24–27 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Jul 25, 2018

This paper summarises the influence of slurry rheology on the grinding throughput of batch laboratory and continuous plant-scale mills operating in open and closed circuit configurations. The results of controlled changes in percent solids, particle size, slurry temperature, and viscosity control chemicals are demonstrated. An underlying rheological explanation of the above factors is offered which involves tying the specific rates of breakage that are occurring in the mill with the specific rheological character that the slurry is exhibiting at any given set of operating conditions. Some industrial scale operating guidelines are presented which have proven useful in increasing the net pro- duction capability of grinding circuits.

Jan 1, 1978

Banks' focus in using cash flow methods can differ markedly from that of equity investors. This paper attempts to explain and describe bankers' approach by: ò outlining the fundamental difference between banks' and investors' risk / return profiles. ò describing lenders' consequent use of cash flow methods in mineral valuation. areas. explaining lenders' specific treatment of key risk Fundamental to understanding banks' appraisal of mineral projects is the appreciation that lenders have a basically different risk profile and outlook from those familiar to equity investors. Lenders do not normally participate in any project upside. The economics of lending dictate that banks can only accommodate a low probability of loan default and consequently banks' principal focus in mineral ""valuation"" is ensuring an acceptably comfortable probability of debt repayment. A simple conceptual explanation of lenders' risk / return position is outlined.

Jan 1, 1994

By G M. Zhomin, A S. Arkhipin, A Kondratiev

Viscosity of multicomponent slags is one of the crucial physicochemical properties for many industrial processes and technologies. While the viscosity-temperature relationship of completely molten slags can well be described by an Arrhenian-type law, the compositional dependence of viscosity is still not fully understood, especially in compositional regions with the lack of experimental data (eg at the glass-former concentration of 90 molar per cent or higher). In the present work major compositional relationships of the activation energy of viscous flow have been revised for numerous binary and ternary slag systems on the basis of experimental data collected and stored in the viscosity database OxiVis. For example, it has been found that the activation energy relevant to the polymerisation effect in binary systems of the MO-GFO type, where MO is the modifier oxide (ie monovalent K2O, Na2O, Li2O and bivalent CaO, MgO, BaO, MnO, PbO etc) and GFO is the glass-forming oxide (SiO2 or B2O3) is not always proportional to the third power of XGFO (contrary to the Urbain formalism) and can vary significantly dependent on the slag system. Also, the activation energy of the charge compensation effect has been revised for ternary systems of the AO-MO-GFO and AO-MO type, where AO is the amphoteric oxide (Al2O3, Fe2O3 or other). A simple polynomial model has been proposed on the basis of the carried-out analysis for estimation of viscosities of multicomponent slag systems. The model has been optimised against the experimental viscosities in the selected binary, ternary, and higher-order oxide systems and has been shown reasonable agreement with the experimental data.

Aug 21, 2024