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By I. D. Schleicher, L. H. Rorden, F. B. Curry, T. C. Moore

The purpose of this program is to extend electromagnetic (EM) techniques for use in locating miners trapped in mines as deep as 1000 m. A previously developed EM system is considered adequate for use at mines less than 300 m deep where it has a probability of detection of 54%. A system for deep mines must keep underground equipment simple, and use extremely low frequencies (ELF), sensitive receivers, and noise cancellation. The proposed location method, developed by Develco for other applications, is based on vector field measurements from two or more static sensors and computation of source location by iterative techniques. During Phase II, very sensitive search coil sensors were built and used in a separate test to verify the feasibility of atmospheric noise cancellation. A "Breadboard" location system version without cancellation, which is a fieldable test bed to evaluate receiving and location functions, was tested and supplied. Very good results were achieved from the first in-mine test with the transmitter at a depth of 380 m. It is expected the results of this work, and additional evaluation tests in the future, will be used to define the requirements for a prototype operational system.

By D. M. May

"Cut-and-fill mining is a stoping method that has been widely utilized in the mining industry over the past forty years. It took preference over shrinkage methods at Levack in the early 1930sbecause of its safety aspects; i.e., prompt support of the stope sidewalls, good working floors and better accessibility to support poor back areas. In addition, higher recoveries of ore were possible because of the flexibility of the method in that silling could take place easily at any horizon; low-grade ore could be sorted and left in the stope as fill and certain zones of rock could be left unmined. With modern techniques, a steady production rate can be established, as filling and mining can be carried out stimultaneously.AIthough there are numerous variations of cut-and-fill mining throughout the world, this paper reviews the original type of mining, with modifications and improvements through the years to present modern practices, with the Levack West operation appearing to be the most productive at this time. Stoping efficiencies have also increased substantially from the original 10 tons per manshift to the present 55 tons per manshift.The paper also outlines the many improvements that have been made with respect to mucking and ground support operations; from hand mucking in a single stope to the use of frontend loaders and haulage trucks in fully accessible stope complexes; and from timber props to roof bolts of various types. Although present methods are extremely satisfactory, experimentation is continually being conducted to improve safety and productivity for future mining.IntroductionThe major mining operations of the Ontario Division of Inco Limited are located in the Sudbury Basin (Fig. 1). Around the rim of this geological formation and within 30 miles of the City of Sudbury are nine producing mines and one ' open pit operated by the company .Ore production currently approximates 11.5 million tons per annum from underground and open-pit operations. Underground mining methods include sub-level caving, shrinkage, cut and fill, undercut and fill, blasthole and vertical retreat. The Levack Complex, the main plant of which is the central Levack Mine, produces 11,000 tons per day.The first prospecting in the Levack area, in 1887, was conducted by James Stobie, who examined rock cuts along the route of the Canadian Pacific Railway to the northwest of Sudbury. However, it wasn't until 1913 that operations commenced at Levack under the Mond Nickel Company."

Jan 1, 1981

By J. M. Gregg, C. J. Persellin, I. D. Somerville, E. A. Atekwana, K. L. Shelton

"Zn-Pb sulfide mineralization at Abbeytown mine and Twigspark quarry comprise the only known car¬bonate-hosted base metal sulfide deposits in the Sligo syncline, northwest Ireland. Limestone sedimentation occurred uniformly throughout the region during the Early Carboniferous (Mississippian) as observed by field relationships and lithofacies; however, petrographic and stable isotope evidence indicate that host-rock dolomitization occurred under different conditions at localities to the west and east of the Ox Mountains inlier, suggesting significant uplift and geologic isolation of these areas prior to dolomitization. Localized fluid flow systems are thought to be responsible for sulfide mineralization and associated epigenetic carbonate cements. West of the Ox Mountains inlier at Abbeytown, evidence of three geochemically distinct fluids are observed: (1) a lower-temperature, lower-salinity fluid (70°-130-°C, 4-9 wt.% equiv. NaCl); (2) a lower-temperature, higher-salinity fluid (70°-140°C, 15-24 wt.% equiv. NaCl); and (3) a higher-temperature, moderate-salinity fluid (165°-220°C, 8-14 wt.% equiv. NaCl). Similar fluid types were observed at the Twigspark deposit. The source of the higher-salinity fluid is likely seawater evaporated to near the point of halite precipitation. The higher-temperature fluid is thought to have been derived from deep circulation of basinal brines. It is speculated that mixing of the higher-salinity fluid with the high-temperature fluid was vital for ore formation at Abbeytown because fluid inclusions in sphalerite have homogenization temperatures and salinity values that fall along a mixing trajectory of these end member fluids. Also, areas where the high-salinity end member fluid is absent are barren of sulfides. Less complex fluid systems are indicated for sites east of the Ox Mountains inlier where no sulfide mineralization was observed. Data from base metal sulfide prospects in northwest Ireland indicate no connection with the regionally extensive flow system thought to be responsible for Zn-Pb deposits throughout the Irish Midlands.Les minéralisations en sulfures de Zn-Pb de la mine Abbeytown et de la carrière Twigspark sont les seules gîtes de métaux usuels à encaissant carbonaté connus dans le synclinal de Sligo, au nord-ouest de l’Irlande. Ces carbonates se sont déposés d’une manière uniforme dans la région au Carbonifère inférieur (Mississippien) tel que l’indiquent les relations de terrain et les lithofaçiès; les données pétrographiques et d’isotopes stables indiquent toutefois que la dolomitisation de l’encaissant s’est faite sous des conditions différentes aux localités situées à l’ouest ou à l’est de la boutonnière des Ox Mountains, ce qui suggère un soulèvement et une isolation géologique significative de ces secteurs avant la dolomitisation. L’action de systèmes de circulation locaux sont considérés être à l’origine de la minéralisation sulfurée et des ciments carbonatés épigénétiques qui leur sont associés. À Abbeytown, à l’ouest de la boutonnière des Ox Mountains, on note les effets de trois fluides géochimiquement distincts: (1) un fluide à basse température peu salin (70°-130°C, 4-9% poids équivalent NaCl); (2) un fluide à basse température fortement salin (70°-140°C, 15-24% poids équivalent NaCl); and (3) un fluide formé à plus haute température et salinité modérée (165°-220°C, 8-14% poids équivalent NaCl). Des fluides similaires ont été observés au gîte Twigspark. La source présumée du fluide le plus salin est de l’eau de mer amenée par évaporation près du point de précipitation de la halite. Le fluide à plus haute température est probablement dérivé de la circulation profonde de saumures dérivées d’un bas¬sin sédimentaire. Il est possible que le mélange du fluide à haute salinité avec celui à haute température ait joué un rôle central dans la genèse de la minéralisation d’Abbeytown parce que les températures d’homogénéisation et les valeurs de salinité des inclusions fluide"

Jan 1, 2009

By Terry R. Neumann

This document, prepared for the U.S. Bureau of Mines Regional Mineral Assessment Program, presents data pertinent to the mineral resource assessment of the Needles 1° x 2° map quadrangle (excluding the Arizona portion), located in the Mojave Desert southeastern California. The U.S. Bureau of Mines (USBM) mineral survey of the quadrangle, conducted from 1991 to 1993, was done to provide the minerals data necessary to support effective land use planning and resource decision making. To this end, this report (1) inventories historic and current mining activity, (2) inventories identified resources, (3) provides an economic analysis; of identified mineral resources and estimates their feasibility for development, (4) delineates areas of exploration and development potential based on current geological, geochemical, and geophysical information, (5) supplies information on land status, transportation networks, power supplies, water availability, and regulations, and (6) analyzes socio-economic impacts of potential mining. The Needles quadrangle is in the Basin and Range province of the southwestern United Van. The area is underlain by a lithologically and structurally complex Proterozoic crystalline basement of gneiss and granite that is overlain by sparse, scattered outcrops of deformed and metamorphosed Late Proterozoic and Paleozoic sedimentary sequences. Mesozoic granitic plutons, particularly in the western half of the quadrangle, intruded the basement and sedimentary rocks, resulting in metamorphism and deformation responsible for the formation of high-grade gneisses and mylonitic rocks (core complex) in the eastern part of the quadrangle. Voluminous Tertiary volcanism unconformably overlie some older sequences. The structure of the area is dominated by Basin and Range extensional block faulting; in the eastern part of the area, block faulting is accompanied by widespread low-angle detachment faulting associated with core complex development.

Jan 1, 1993

By Guo Xueyi

The method of Substance Flow Analysis (abbreviated as SFA) provides a helpful tool for the study of the industrial metabolism of a certain metal within a regional level. In this work the flow of lead in China, 2006, was traced within the STAF model, and the situation of production, consumption and recycling of lead resources in China were introduced. The SFA is performed on lead flows during its one year life cycle in detail. As one of the biggest producer and consumer of lead in the world, China is facing a problem depletion of lead resources. How to increase the resource efficiency is a significant issue for lead industry of China. Based on the result, several suggestions were proposed in the paper, aiming to contribute important reference information for the industrial metabolism and resource management and recycling of lead industry in China.

Jan 1, 2009

By Chen Song

Keywords: Co3O4, Cobalt Compounds, Morphology, Urea, Homogeneous Precipitation Depending on experimental condition, precipitation from cobalt nitrate and chloride solution in the presence of urea yield dispersed cobalt compounds with different chemical compositions and morphologies. The effects of concentration of cobalt solution and urea, agitation, on precipitation morphology were investigated experimentally. Generally in closed systems the particles are identified as cobalt (II) basic carbonate with needle type shape. In open system, spherical and plate-like precipitations of cobalt (II) basic cyanate are formed. The chemical formula of cobalt compounds was confirmed. They are CoII,III(OH)0.83(CO3)0.49 Ay?0.14 H2O (in tightly-capped reactor: A stands for NO3?, Cl?; y[A]molecular weight < 12.9) and CoII,III(OH)0.83(NCO)XAy?0.14 H2O. (in open reactor A stands for: NO3?, Cl?; 42 x + y[A]molecular weight < 44.82). The main reason was that the primary particles had different chemical compositions for the effects of the different kinds of anions and stoichio-chemical compositions of the primary particles. The effect degree of the anions depended on the co-existing anion radius in the reaction solution. According DTA-TG analysis of the cobalt compounds, the latter particles transform to Co3O4 powders on calcining. The shape of the Co3O4 particle with porous character has inheritance with precipitation. In this paper, it concludes that the particle formed by the principle of nucleation-aggregation in aqueous solution. The process of aggregation has played an important role in formation of particles. During calcination, the aggregation would be destroyed partly.

Jan 1, 2005

Provide the U.S. mining industry with technology for designing environmentally sound, low-cost in situ leach mining operations to produce copper from small, deep, and/or low-grade copper oxide deposits. Approach Investigate the feasibility of a new mining method--in situ leach mining-as an alternative to conventional mining for copper. Study fundamental leaching technology that will facilitate future commercial operations. Develop guidelines and procedures that will enable mine operators to design and evaluate in situ leach mining operations for any specific copper oxide deposit.

Jan 1, 1989

By M. G. Zabetakis

This publication contains highlights of a 4-hour lecture and demonstration by the Bureau of Mines on the fire and explosion hazards of flammable liquids and solids, oxidizing materials, corrosive liquids, and compressed gases. The authors first presented this material as part of a 2-week course given to officers and enlisted men at the U.S. Coast Guard&apos;s Dangerous-Cargo Handling School, established at Fort Eustis, Va., in 1959. The Bureau was asked to present the lecture and demonstration because of the extensive experience of its researchers in handling certain harardous commodities.

Jan 1, 1961

By J. E. Davidsen, M. Honstad

"A well-maintained tap-hole channel is important in order to achieve good and stable furnace operation over time. A worn or short tap-hole channel can lead to more violent flow, significantly increasing the fume emissions during tapping and leading to more metal being mixed with and lost to the slag. Over time, a worn tapping channel might cause side channels and damage to the lining around the tap-hole area. This can result in a burn-through which is a considerable safety risk and will cause significant production losses. At Eramet Norway Porsgrunn, tap-hole maintenance has been done regularly with electrode paste for over three decades with good results. This article summarizes some of the experiences obtained from this practice on a 33 MW SiMn furnace, as well as a change to a coal tar pitch-free binder. IntroductionA well-maintained tap-hole channel is important in order to achieve good and stable furnace operation over time. Metal and slag are regularly tapped from the furnace and may cause a lot of wear on the tapping channel, increasing the risk of lining damage and ultimately leading to a burn-through. On furnace 10 at Eramet Norway Porsgrunn, the tap-hole area is the part of the lining that has been by far the most prone to burn-through since the startup of the furnace.Experience shows that almost all lining problems have started with burn-through in the tap-hole area or in close proximity to the tap-hole. During tap-hole repairs, side channels with metal and slag have also been observed emanating from the main tapping channel. In addition, a shorter tapping channel will cause more violent flow. This can lead to more metal droplets being entrained in the slag, and increase the risk of the furnace not being closed properly at the end of the tap.As a burn-through is a considerable safety risk, and also causes significant production losses, systematic work has been performed over the years to maintain the tapping channel in order to prevent burn-through."

Jun 1, 2019

By Felipe Calizaya

This study describes the principles involved in the design of a booster fan installation, the basic requirements, and the provisions needed to guarantee a safe operation of the unit. It also describes how a booster fan should be selected and what measures should be taken so that events such as uncontrolled recirculation of air in a mine can be avoided. A computer program called MFSELECT is presented to assist the ventilation engineer in the design process a For a given mine ventilation network, the program determines the duties of fans and regulators that will fulfill the airflow requirements of a mine and minimize the total power consumption. The application of the program is illustrated by the detailed solution of a sample problem. A Case Study based on the Jim Walter Resources&apos; No. 7 Mine is utilized to describe the basic requirements for the design and operation of booster fans, and illustrate their potential benefits in mine ventilation. Finally, the study discusses a process control system designed to evaluate the safety conditions in the mine and report on the status of both surface fans and underground booster fans.

Jan 1, 1990

By Christopher J. Bise

INTRODUCTION Perhaps no other area reflects the art as well as the science of mining-engineering design quite as obviously as strata control. This is due to the fact that the design of mining structures is difficult because rock rarely behaves as a homogeneous medium. Further, the original state of stress and the mechanical proper- ties of the in situ rock are somewhat difficult to deter- mine. However, those aspects that are hard to treat mathematically can and have been successfully approached by model studies and in situ measurements. This chapter will review the fundamentals of strata- control design and will provide examples of applications to typical problems. STRESSES AROUND MINE OPENINGS A close examination of Fig. 1 reveals that, prior to mining, stresses exerted in the overburden can be in both the horizontal and vertical directions. In the example problems of Chapter 1, it was shown that the maximum compressive stress (uv) at any depth (D) below the surface can be approximated as follows: [ ] Further, the lateral stress (oh) is related to the maxi- mum compressive stress by utilizing Poisson&apos;s ratio (µ): [ ] As soon as a heading is driven, such as the one in the coal seam shown in Fig. 2, the stresses shift to the sides, or abutments, of the opening. Clearly, these compressive stresses around the opening exceed the pre-mining conditions. The problem of designing an underground opening, therefore, is to determine the maximum stresses and to note if they exceed the ultimate strength of the rock. Table 1 lists several rocks with their corresponding strengths. Figs. 3 to 5 depict the boundary stress concentrations around circular, ovaloidal, and rectangular openings. M is the ratio of the horizontal stress to the vertical stress, or as defined above, p/(l-p). This text will concentrate on the state of stress represented by M = 0.33, which corresponds to the condition of no lateral deformation in a rock having a Poisson&apos;s ratio of 0.25. For an ovaloid with an opening width-to-height ratio of 2.0 (Fig. 4), the boundary stress concentrations are at their maximum values at the comers of the opening, with values in excess of 3.0. If the depth of overburden is 500 ft, then the maximum boundary tangential stress ([ ] ) of the ovaloid is: [ ]

Jan 1, 1986

By Jacques Ouellet, Ferri Hassani

"Within the mining industry paste backfill technology has evolved over the last two decades. This technology aims at producing safe and cost effective backfill of high strength. When used as cemented backfill underground the usual practice in the mining operations was to consider the backfill as a component under the production engineer responsibility. With its growing use in various site conditions some problems were encountered. Over time the mechanical characteristics of paste backfill could deteriorate. Investigations on these problems brought an increased understanding of paste backfill chemistry. Effectively, paste backfill is produced with tailings slurry having sometimes very complex chemistry and mineralogy. The bonding agents can be sensitive to the chemistry of these slurries. Today, a new understanding of the complex chemical reactions involved in cementing paste backfill is derived from concrete research literature. Cemented paste backfill is a manufactured product and as thus all steps involved in its making must be looked at. Both the processing engineers and mining engineers need to be involved. The proposed paper will go over the various developments and new understanding gained over the years on paste backfill chemistry. The authors had the opportunity to work with various Canadian mines that implemented paste backfill in their operations. Chemical alterations case study will serve to illustrate the importance of a good understanding of cement and paste chemistry. The authors will then conclude on research orientations needed to bring a more efficient use of paste backfill technology. The crucial role of the processing engineers in the paste backfill manufacturing will be discussed.INTRODUCTIONPaste backfill is usually prepared from a mixture of solids and water containing at least 15% particles smaller than 20 microns with the addition of binders for mechanical strength. Historically, tailings had been classified to extract the fines and only the coarse part was placed underground as sand slurry. Paste fill was researched in the last three decades to enable mining operations to use all the tailings, including fines, in backfill. The outcome of the early studies showed that paste fill provides high strength but due to preparation complexities and transportation problems is expensive. A greater understanding of the transportation mechanisms and advances in dewatering technology in recent years has resulted in more practical use of paste backfill."

Jan 1, 2002

By M. Rafie, M. Rinne, F. Samimi Namin

"SynopsisRock mass classification systems constitute an integral part of empirical underground excavation design. One system that is commonly used to classify rock mass is the Rock Mass Rating, or RMR, system. The RMR system has evolved over time to better reflect the perceived influence of various rock mass factors on excavation stability. While the introduced modifications have enhanced the applicability of this classification system, there are still areas that cause potential ambiguity. The RMR system cannot deal with input data ambiguities, uncertainties, and vagueness. To deal with the uncertainty, a Fuzzy Rock Mass Rating (FRMR) has been developed. This study aims to describe the main concept of the fuzzy approach, which is implemented in the FRMR to classify rock mass. The FRMR considers the uncertainty associated with the input data (uncertain variables) used in rock mass classification. The Gol-e-Gohar (GEG) area 3 iron ore deposits in the south of Iran were chosen as the case study for investigating the applicability of FRMR. The results of this study show that the FRMR software tool can easily be used for rock mass classification, even if uncertain input parameters have been used. FRMR consists of three parts, each of which is suitable for certain conditions.IntroductionNowadays, rock engineering classification systems, which constitute the backbone of the empirical design approach, are widely employed in both civil engineering and mining engineering. Rock mass classifications have recently been quite popular and are being used mostly for the preliminary design and planning purposes of projects. According to Bieniawski (1989), a rock mass classification scheme is intended to classify the rock masses, provide a basis for estimating deformation and strength properties, supply quantitative data for support estimation, and present a platform for communication between the exploration, design, and construction groups."

Jan 1, 2015

By John C. Machisak

INJURY experience and employment data at all metal mines in the United States and Alaska are presented in this Information Circular for the calendar year 1958. This publication covers the metal mining industries, and contains statistical data on injuries and employment pertinent to metal mines, ore-dressing plants, and primary nonferrous smelters, refineries, and reduction plants. These operations report injury and employment information annually to the Bureau of Mines on a voluntary basis. The Bureau is authorized to make requests for such data, and the information submitted contributes immeasurably to the promotion of safety in the metal mining industry. Every effort has been made to make the annual canvass as complete as possible. This publication contains, along with production and development workers, the office employees at the mine location. The metal mines identified in this publication are classified according to the mineral ores mined; that is, copper, iron, lead-zinc, gold-silver lode, gold placer, and miscellaneous metals.

Jan 1, 1962

By D Thorburn

This paper reviews the history of environmental assessment in New Zealand with reference to mineral developments. Emphasis is given to larger more controversial projects particularly metal mines. The changing role and application of the Environmental Protection and Enhancement Procedures is examined in the context of changes in the government&apos;s environmental administration and the response of the Ministry of Energy&apos;s resource allocation group. Conclusions are drawn on the effectiveness of the present environmental assessment activities and on the allocation of administration of priorities in the Ministry. The Ministry of Energy has effectively ceased to exist.

Jan 1, 1990

By D N. B Skinner, R L. Brathwaite, M S. Rattenbury

The Institute of Geological and Nuclear Sciences Ltd has carried out a mineral resource assessment of the Coromandel region, one of the most mineral-rich regions of New Zealand. The assessment focussed on metallic minerals and clays, because these are the main commodities that have potential for increased production and export from the region (and from New Zealand). &nbsp; Three steps were used in the assessment: 1) development of mineral deposit models, 2) comparison of the models with regional geology, structure, geochemistry and past mineral production to estimate the number of undiscovered mineral deposits, and 3) application of grade-tonnage models to determine the quantity and value of the known and undiscovered resources. In step 1, descriptive and grade-tonnage mineral deposit models were developed for 11 different types of mineral deposits: ò&nbsp;&nbsp;&nbsp;&nbsp; Low-sulphidation andesite-hosted epithermal Au-Ag ò&nbsp;&nbsp;&nbsp;&nbsp; Low-sulphidation rhyolite-hosted epithermal Au-Ag ò &nbsp;&nbsp;&nbsp; High-sulphidation quartz-alunite epithermal Au ò &nbsp;&nbsp;&nbsp; Porphyry Cu-Au-Mo ò &nbsp;&nbsp;&nbsp; Andesite-hosted polymetallic veins adjacent to mineralised porphyry stocks ò &nbsp;&nbsp;&nbsp; Zn-Pb-Ag skarn ò &nbsp;&nbsp;&nbsp; Cu-Ag skarn ò &nbsp;&nbsp;&nbsp; Hot spring Hg ò &nbsp;&nbsp;&nbsp; Shoreline placer Ti ò &nbsp;&nbsp;&nbsp; Rhyolite-hosted halloysite clay ò &nbsp;&nbsp;&nbsp; Volcanic-related kaolinite clay &nbsp; Step 2 was aided by a geographic information system (GIS) assembled from a number of digital spatial data sets including: a digital elevation model, an aeromagnetic map (from open file mining company data), a geological map (from the GNS QMAP project), location of areas of hydrothermal alteration, locations of mineral deposits (from the GERM database), stream sediment geochemical analyses (from the REGCHEM database), and a lineament map derived from satellite remote sensing data and the digital elevation model. &nbsp; Based on May 2001 commodity prices, potential resources estimated for the 11 mineral deposit and grade-tonnage models total NZ$22 806 million for the metallic minerals, NZ$1000 million for halloysite clay deposits and NZ$57 million for kaolinite clay deposits.

Jan 1, 2001

By G. M. Cresswell

The 2 360 t/h two module Phola coal preparation plant represents anew era of large plant in the Witbank coalfield designed to extend its life to 2020 and beyond. The plant uses the optimum processing model for Witbank coals, receiving a feed coal size of -50 mm, wet screening it into coarse and small coal fractions 50 x12 and 12 x0.63 mm before processing them in parallel through two primary DM cyclone sections, in order to make a 27.5 MJ/kg export floats product. The sinks are processed through a common high density DM cyclone section to produce a 21.5?23 MJ/kg thermal coal middlings product. The plant design incorporates the largest size DMS equipment used to date in South African coal preparation plants, i.e. 1 150 mm large diameter pump fed DM cyclones and 4.2 m width banana screens. The fine coal is conventionally processed by spirals, whereas the raw coal slimes are filtered using automated plate and frame filter presses and added to either the middlings or discards depending on its quality. The paper describes the database, innovative design concepts, construction, and commissioning.

Jan 1, 2010

By Galen G. Waddell

The Deep Creek zinc and lead mine afforded an excellent example of a relatively small underground mine operation that approached the low mining costs of large, highly mechanized mines. An open stope mining method incorporating sublevel benches and vertical long holes was used (fig. 1). Detailed descriptions are given on the exploration program, stope development, stoping procedures, and pillar removal. Pressure grouting was used to check the inflow of water and thus prolong the life of the mine. Statistics on mining costs and on electric power consumption, haulage from mine to mill, and milling costs are included.

Jan 1, 1963

By Thomas D. Kelly

In 1900, the average U.S. citizen’s average life span was 47 years. He traveled about 1,900 km (1,200miles) in a lifetime and resided in a home with an ice-box for food storage and oil or gas for lighting. He communicated by mail, telegraph and crude telephones with limited availability and range. By 2000, the average citizen’s life span was 77 years. He traveled an average of 19,000 km/a (12,000 miles/year) by automobile alone. He resided in a home with many electrical appliances, including refrigerators and electric lights. And he communicated almost instantaneously with any other part of the globe by several widely available means, including portable phones and e-mail.

Jan 1, 2002

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