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By D Lautier, A A. Ndiaye, A Galli

Traditionally gold producers had built up hedge books to protect themselves against adverse changes in the commodity price, but diversified mining groups were staunchly opposed to hedging in any shape or form. The situation has evolved over the past few years. Gold miners have been reducing the size of their hedge books in line with the rising gold price. Commentators have talked about ædouble-digit dehedgingÆ and have suggested that this is the final countdown for gold hedge books. It sounded as if the era of hedging by mining companies was drawing to a close. But as appearances can sometimes be misleading, we decided to find out what mining companies were actually doing. Companies listed on stock exchanges are now obliged to give details of their derivatives holdings in their annual reports. Two or three years ago there was no such obligation. Our reality check was based on the latest annual report issued by three multinational mining groups; two with diametrically opposed views on hedging (Rio Tinto and Barrick) and the third (BHP Billiton) with an intermediate position. This snapshot of their derivative positions at a point in time revealed that Barrick and BHP Billiton have substantial derivatives positions (worth billions of dollars) to protect against adverse changes in foreign exchange rates and interest rates. Moreover Barrick has recently started hedging against increases in fuel prices. Despite its opposition to hedging, Rio Tinto has derivative positions worth several hundred million dollars, but these are primarily a legacy from various mergers and acquisitions over recent years or were entered into as a condition of project financing. Lastly we were surprised to discover that Barrick was holding asset-backed commercial paper (ABCP). So the idea that mining companies donÆt hedge their risks is just another urban myth.

Jan 1, 2009

With the employment of a system of ore pillars to support the hanging wall during the mining operations at the North Mine, it was found that, when the stopes were worked out and the pillars remained intact, the main footwall drives developed an undulating longitudinal section due to the shrinkage of the filling in the worked out stopes.These depressions collected water, which made the footwall drives very wet under foot, and everitually worked its way into the pillar workings and the levels below.Water was also finding its way into the shafts because of the silting-up of the level drainage systems and, as both the shafts are down-cast, this tended to increase the humidity of the air entering the mine.To overcome these troubles it was decided to try a system of siphons as a method of subsidiary drainage.SYSTEM AT PRESENT IN USE.All drainage water is collected as near to its source as possible, run into a sump in an adjacent low lying part of the level, and continuously removed from these sumps by a siphon system.Each level has its own system. Water is collected from the sumps by a 1-in. pipe and delivered to a pipe running the length of the level along the back of the footwall drive. At the shaft the pipe is increased to...

Jan 1, 1938

The theme of the conference is "excellence", an epithet of special significance in tertiary education. It appears in the mission statements, goals and plans to achieve them of most, and quite possibly all, tertiary institutions in Australia. In the context of excellence, this paper examines the current statue of professional education in the principal mining industry related discipline of Mining Engineering. It furthermore, identifies and discusses a number of special problems in mining education that the tertiary sector has long endured. Some of these problems are becoming acute, and solutions will have to be found soon in order for the industry to be assured of the supply of well motivated and appropriately qualified young engineers and scientists necessary to achieve and maintain the excellent to which it aspires.

Jan 1, 1989

The Wamum and Idzan Creeks Prospect, located 79km W of Lae, Morobe Province, Papua New Guinea (PNG) was discovered by the exploration arm of Conzinc Riotinto of Australia Pty Ltd (CRAE). The detailed surface exploration and 11 vertical holes drilled by CRAE, combined with the recent work by Highlands Gold Limited, indicate the occurrence of porphyry copper-gold mineral- isation and associated alteration. The prospect occurs within andesitic volcanics of the Middle Miocene Langimar Beds. It is bounded by NE trending faults to the NW and SE. The alteration and mineral- isation is hosted in the andesitic tuffs adjacent to high level quartz diorite and hornblende diorite stocks. A NW trend to alteration and mineralisation is obvious in Wamum and Idzan Creeks. The main alteration type is propylitic with minor zones of potassic alteration. A late sericite-quartz-kaolinite-pyrite alteration overprinted the earlier alteration and mineralisation. Copper and gold mineralisation is related to a quartz-carbonate-chalcopyr-ite-pyrite (¦ bornite) vein stockwork and biotite ¦ K-feldspar alteration. The mineralisation system at Wamum and Idzan creeks is low in total sulphides. It is considered as a high- level fracture-controlled system with limited low grade Cu-Au mineralisation.

Jan 1, 1991

The principles of geometry and trigonometry are so continuously used by mining engineers for the purpose of accurately and intelligibly recording their measurements, that the writer is prompted to lay the following cursory remarks upon mine surveying before the members of this Institution in the hope of eliciting a free interchange of opinion upon details of this interesting branch of the profession. He proposes to deal with surveying only so far as it concerns the mining engineer, not to intrude upon the domain of the professional surveyor, and, in this instance, to discuss more especially that which may be termed the mechanical, rather than the mathematical side of surveying.In the latter part of the eighteenth century and the beginning of the present one, the usual underground surveying equipment in the English metalliferous mines, consisted of a magnetic needle in a fiat square wooden box of about 9-inch sides, a two-foot rule, a long cord, aud a stool, upon which to place the needle and box. The operator took his bearing by sending his assistant with the end of the cord as far in a straight line as the length of the cord would admit.On its being drawn that he held its end in one hand and placed the side of the compass-box against it with the other, and noted the bearing thus found either by a book entry, or by ticking it off with a piece of chalk on the board the compass lay in. He then measured the cord with a two-foot rule. It is needles to say that with these appliances the accuracy of the results were open to question, and mining surveying was not unduly popular.In the present day, engineers have the advantage of using instruments brought to such a state of perfection, and of employing such an exact system of underground surveying, that inaccurate work must usually be attributed either to lack of care, or lack of ability in the operator.

About twelve months ago, owing to the increasing quantity of stone and dirt being drawn frQm the Victorian State Coal Mine due to the large amount of dead work below ground, cutting, faults, etc, and to the increasing quan#ty of banded coal beingworked, the writer was forced to consider the question of economy in handling the spoil at the surface. The method in operation at the time was to run out level dumps fro,m the, tipping floor of the heapstead, or brace, and to tip most of the skips of stone in tipplers at the ends of the dumps, the remainder of the skips being side-tipped to widen the dumps.The method, whilst quite satisfactory for dealing with a few skips of stone, was found to be costly as the dumps extended, and the number of skips to be dealt with increased from 300. to 400 per day of two shifts;. therefore, in order to expedite thework and cheapen its cost, the writer devised an improved method which may be qescribed as follows :-(1) The stone is tipped into a hopper car which holds about 10 skips(2) The hopper car is hauled up an inclined dump by means of an electric winch.(3) The spoil is dumped from the car forwards or to either side, as required.(4) The car is returned to the starting point for a further load.Plate I Fig. 1 gives an idea of the construction of the hopper car. In the illustration the car is in position for tipping to one side. The body of the car is supported on a ball race on the under carriage, and it can be swung round to tip in any required direction. The bottom of the hopper is extended to form a 4 ft. lip...

Jan 1, 1918

Orebodies are defined in economic terms in that they must satisfy conditions determined by costs of mining, extraction and marketing before being so described. Despite this they have an essential chemical character as specialized products resulting from geochemical differentiation, and it is surprising that so little basic geochemical research has been carried out with respect to ore occurrence and that prospecting methods based on geochemical principles are not more widely applied.Many exploration geologists associate geochemistry with analytical techniques applied to the detection of dispersed traces of metals from actual orebodies. Geochemical research, applied to economic geology, goes far beyond this limited field and the purpose of this paper is to discuss aspects of such research and its use in formulating exploration principles.THE GEOCHEMICAL BACKGROUND TO MINERAL OCCURRENCE AND EXPLORATIONThe three aspects of economic mineral deposits to which geochemical research can be of use in determining ore guides are genesis, control of deposition and mode of dispersion from orebodies after emplacement. Prospecting for mineral deposits is primarily based on theories of ore occurrence which deal with the genetic and depositional influences controlling localization of ore. There are many such theories and they will not be discussed here as they have been adequately reviewed in geological publications. Some are based on differing argument concerning the same empirically observed associations of ore. In this respect it is perhaps fortunate that they are not always mutually exclusive as regards the...

Jan 1, 1960

Laboratory electrical resistivity measurements of rocks are reviewed. Inductive and galvanic methods are discussed together with the ten important experimental factors which should be considered in an investigation.These experimental factors are electrodes, sample preparation, measurement errors, temporal current variations, current density, frequency, electrolyte composition, electrolyte saturation, pressure, and temperature.

Jan 1, 1969

By Becerra J. O

HYL developed a direct reduction process (DR) that does not require a reformer; it is called self-reforming process. Typically, direct reduction processes based on natural gas utilise a reformer unit to transform the natural gas into reducing agents (hydrogen and carbon monoxide). The reforming reactions are: CH4+H20-?3H2+CO CH4 + CO2 - 2H2 + 2CO These reforming units require a catalyst agent to promote the kinetics of the reforming reactions. The catalyst for these reactions is typically a metallic element such as nickel in a ceramic matrix; iron is also an excellent catalyst for the reforming reactions.

Jan 1, 1999

In the course of work being carried out in the Lubricants and Bearings Section of the Council lor Scientific and Industrial Research on the production of copper4ead 'bearings for 'use in aircraft, it has been found necessary to develop special metallographic methods. For proper control of the production of steel-backed copper-lead bearings it is necessary to adhere to rigidly controlled conditions, and it is essential that a method of examination be adopted which will readily detect actual defects or any variations in quality. Some defects can be observed with the naked eye, whilst others are detected by radiographic examination. This latter method is invaluable as a rapid, reliable test in the production of aircraft bearings, but it is necessary to observe the structure of the alloys under the microscope, both to be able to interpret the radiograph correctly and to determine what has occurred to the metal during and after solidification. The use of a sound metallographic technique is'particularly important in developmental work and research connected with these bearings.Polishing TechniqueCopper and lead are practically immiscible in the solid state, but whilst they are miscible only in certain limited proportions in the liquid state; consequently "alloys" of copper and lead consist of a mixture of the constituent metals. The metallographic difficulties are obvious. Copper is a relatively tough metal, although it readily scratches, whilst lead is extremely soft and easily deformed. It wouId be expected if any normal polishing technique were applied that the lead would be readily torn out of the surface being prepared, and, in addition, that the lead would tarnish very easily.Grange(2) has described a method by which these difficulties can be overcome. The method involves an etch-polish procedure using "chrome regia" as an etchant for the copper. The chrome regia was a solution of chromium trioxide and hydrochloric acid in water. This type of etchant has been adopted, but it was found necessary to make certain changes.The method now adopted in this laboratory is as follows: The specimen (which is usually mounted in bakelite) is wet ground in a series of successively finer Hydro-Durexsil emery papers down to 60.0· grit paper.The specimen is then etched in the chrome regis, etchant (the composition of this etchant will pe discussed later) for approximately five seconds.Most efficient etching is obtained by swabbing the surface of the specimen...

Jan 1, 1944

Mount Read is 'situated in the county of Montagu, on 'the west coast of Tasmania, about 20 miles inland from. Remine in an easterly direction, 15 miles northerly from Mount. Lyell, and 30 miles south-east from Mount Bischoff, and is one of the mountains forming the west coast range; it rises to a height of 3890 ft. above sea level.About eleven years ago the first mineral section was taken up on Mount Read by a Hobart company, known as the Mount Reid Silver Mining Company, consisting of 25,000 shares its holding consisted of one section of 80 acres, held under mineral lease. Prospecting was carried on for some months under great disadvantages, as all supplies had to be carried up the mount from Dundas, a distance of nine miles, on men's backs, until a pack track for horses was made.The track rises 2500 ft. in the first five miles, and then falls 200 ft. from that point to the mines, which are at an altitude of 3000 ft. above sea level, and at a point about two miles westward from the summit of the mountain, approximately midway between Mounts Read and Dundas.

Jan 1, 1901

By Rao P. K, Sahoo P. K

The main constituents of ferromanganese slags are silicates of Mn, Ca and AI. Factors affecting the recovery of manganese from a low manganese content ferromanganese slag (about 16 per cent MnO) during acid leaching were studied. These included time, temperature, agitation, sulphuric acid addition, solid:liquid ratio and particle size. Agitation rates greater than 300 rev/min. leaching periods greater than 30 min and temperatures above ambient were found to have no effect on Mn recovery. Dissolution of Mn was found to be highly dependent on the amount of acid added.About 90 per cent of the Mn was recovered when 5·5 times the stoichiometric amount of acid was used. About 28 per cent of the Mn was recovered when the stoichiometric quantity of acid (with respect to Mn alone) was used. However, the recovery increased to about 75 per cent when the total stoichiometric requirement of acid with respect to Ca, Al, Mg and Fe as well as Mn was used for leaching. The extent of Mn dissolution also depended on the particle size of the slag. The percentage of Mn recovery (using 5·5 times the stoichiometric amount of acid) increased from about 60 per cent to about 92 per cent when particle size decreased from -36 +52 to -150 +200 mesh (B.S.S.). When the results of this study were compared with those in a previous study involv,ing the leaching of a high manganese content slag (containing about 40 per cent MnO) results were similar except that there was a gr-eater consumption of acid in the present case (i.e. low manganese content slag).

Jan 1, 1979

By Beevers J

The Ok Tedi Project is now a high production open-pit porphyry copper mine located in the Star Mountains of Papua New Guinea (PNG). At present, total daily production is 190 000t of ore and waste. Large scale drilling and blasting has only been in operation since 1988, prior to which all material was removed by ripping and dozing. This paper reviews the steps taken over the last 12 months in establishing a more efficient drilling and blasting operation and highlights the significant reduction in powder factor. These improvements have been achieved largely through the introduction of air-bags, controlled pattern expansion and an overall focusing on the operation by involving consultants, ICI's technical service and internal departments.

Jan 1, 1991

By H Saw, M Cordova

Cemented rock fill (CRF) is often used to support open stope voids. This allows for the full recovery of ore while achieving global mine stability. In such cases, the exposed CRF masses require adequate compressive strength and stiffness to resist the forces and limit the displacement associated with movements in the rock mass surrounding the excavations. The CRF material preparation often involves the use of large particles, either from crushed rock or development mining waste. This means that conventional laboratory samples cannot be readily used to determine the laboratory strength. Consequently, a research project was undertaken to determine the influence of sample size on uniaxial compressive strength. This paper presents the results from CRF samples that were prepared using the same mix design and then cast into moulds with diameters of 150, 240, 300 and 400 mm. The laboratory testing also allowed a better understanding of the effect of particle size distribution upon the overall strength of a rock fill mass. The laboratory results were compared to a database of large-scale results from the testing of fill masses from a number of mine sites.CITATION:Cordova, M, Saw, H and Villaescusa, E, 2016. Laboratory testing of cemented rock fill for open stope support, in Proceedings Seventh International Conference and Exhibition on Mass Mining (MassMin 2016), pp 755–762 (The Australasian Institute of Mining and Metallurgy: Melbourne).

May 9, 2016

In November 1999 Waihi Gold Mining Company commissioned its new crushing and conveying plant used to transport both ore and waste from the Martha Mine to its ore processing plant and also its tailings dam construction area. To date, a record monthly throughput of 854 000 tonnes throughput has been achieved. This paper outlines the measures taken subsequent to the commissioning of the system to achieve greater than design throughput and to mitigate the environmental and safety issues associated with operating the system in the middle of a town.

Jan 1, 2001

(Published by courtesy of the Great Boulder Pty. Gold Mines, Limited)1. INTRODUCTIONThe faults described in the following paper are of a somewhat unusual character, and have presented a serious problem both in the development and mining of many ore-bodies on the Eastern side of the Boulder Belt. They are mentioned only briefly in the literature of the field, but were observed by, both Stillwell (1)t and Gustafson (2), and have been studied by other geologists and operators in various parts of the "Belt." Their effect on the lodes of Hamilton Section, Great Boulder Mine, was described by King (3) in 1937, and, during recent years, they have been encountered in most of the Great Boulder workings extending east of the Boulder Dyke.Although this paper is based mainly on a study of faulting and development problems on the Great Boulder mine, the general conclusions reached may be applicable to the solution of similar faulting problems in other mines throughout the field.In order to arrive at a clear understanding of the somewhat complicated relationships which the east-dipping faults bear to the lode systems it will be necessary to give a brief outline of the salient geological and structural features of the "Belt" before proceeding to describe the faults themselves.2. GENERAL GEOLOGYThe most recent descriptions of the geology of Kalgoorlie are those by Stillwell (1) and Gustafson (2) and the reader is referred to these as representing the basis of current knowledge of the geology of the field.The Boulder Belt is comprised of a central core of altered quartz dolerite which is flanked on either side by fine grained greenstones and lavas, usually referred to as the calc schists. Down the centre of the quartz dolerite mass there is an infolded bed of slate (2, p. 105) which has been intruded in lit par lit fashion by albite porphyry; the composite body of slate and porphyry so formed is known as the "Boulder Dyke." Numerous smaller porphyry dykes intrude both the quartz dolerite and the calc schist; these vary in composition and range from chloritised hornblende porphyrites to albite porphyries.The whole of the rock assemblage has been subjected tG a considerable amount of folding, faulting, shearing and fracturing, the greater part of which took place before the formation of the lodes.

Jan 1, 1941

By Freeman C, Dingley W

Addition of sodium nitrite-borax, sodium hydroxide, sodIUm carbonate, lime, or sodium silicate reduced wear of forged steel balls and cast iron slugs in wet grinding a complex zinc-lead-copper sulphide ore in laboratory ball mills. Maximum wear reductions were 27 per cent (forged steel balls) and 33 per cent (cast iron slugs) with sodium hydroxide and nitrite-borax additives respectively.Potential measurements of balls and slugs during grinding, and analysis of the data in terms of corrosion theory demonstrated that corrosive wear had been reduced or prevented by these additives. Actual per cent wear reductions were not equated to the rate of corrosive wear because of the undefined interdependence between abrasion and corrosion in wear processes. The investigation verifies that in laboratory ball mills corrosion is significant in the wear of grinding media and wear can be reduced by corrosion inhibition and pH adjustment.

Jan 1, 1978

The importance of timbering, not only from a financial point of view but from an actual mining point of view, is so often overlooked or slightly glossed over by the average expert and investor, that I have thought it would prove interesting to go into the matter and to invite discussion upon the subject. We will first take small veins, or reefs as they are termed in some mining countries; and by small veins it is intended to denote fissures from a few inches to three feet. The ore body is supposed to be confined within well defined walls free from gangue matter, unless the casing can be defined as such. Now, if the walls are smooth and moderately hard, no timbering is required other than the stulls, which are braced from wall to wall in order to form platforms or stages to stope from. Should the reef from wall to wall prove payable, or should the vein be of a character to prohibit cleaning or sorting; and it be determined to send the whole of the stone to the, reduction works, the stuUs should be left in place until the section or block of ground is worked out, in order that if a weak spot in the walls (especially the hanging) occur, it would be possible, without any particularly extra expense or difficulty often times accompanied by danger to brace and secure the slabs. After the block became entirely stoped, it would pay where labour was cheap to remove the majority of timbers to stull another section.

Jan 1, 1901

By Edmonds W, Jeffcoat R

The completion of the first two open hearth furnaces in the new No. 2 open hearth plant at Port Kembla will increase Australian production of steel by 350,000 tons of ingots per annum.The paper gives an outline of the essential features of open hearth design and auxiliary equipment required to operate the two modern open hearth furnaces at present being installed.INTRODUCTIONThe increasing demand for steel required by Australian secondary industries led to the decision to construct and operate No. 2 open hearth plant at Port Kembla. Two basic open hearth furnaces of the most modern design are under construction and it is anticipated that these units will be commissi.oned in September 1956. Australian steel capacity will thereby be increased by approximately 350,000 tons of ingots per annum.PLANT LAY-OUT AND CONSTRUCTIONIn the design and lay-out of this plant the emphasis has been on efficient material handling with simplicity of design and operation. Overseas methods were studied and these studies, together with experience gained at Newcastle and Port Kembla open hearth shops, enabled this plant to be built to a standard which compares favourably with any other in the industry.Initially two furnaces, each of 2,75 tons capacity, have been built, but provision has been made in. the design and lay-out to enable expansion to six furnaces.The location of the new plant in relation to the existing units will be noted in Fig. 5. It is one of the first units to be built in an area which will dovetail into a pattern for...

Jan 1, 1957

FROM time to time articles have appeared in the technical press on the interesting subject of surface combustion. The theoretical part of the problem has, for practical purposes, received ample consideration in those articles, but the number of practical applications of surface combustion referred to has generally been very small.It is the writer's object to review some recent developments in surface combustion, and also to try to arrive at an estimate of its advantages and possibilities. It is not necessary for this purpose to dilate upon the phenomenon of surface combustion itself. Many interesting things have been said on the subject by Pro£. W. A. Bone, of Leeds, to whose researches the recent developments are largely due. A few illustrations may make clear what is meant by surface combustion.Prof. Bone, in an experiment, took a platinum crucible, which he heated in the flame of a Meker-burner. Then he turned the gas off for a second, and, opening the stop-cock again, allowed the combustible mixture to impinge upon the crucible, thetemperature of which was still well below the ignition temperature of the gas. Although no flame was visible at this stage, it was soon clear that, nevertheless, the gas and air had continued to combine, as the crucible would attain a red heat after a few seconds.Another instance of surface combustion was shown by a Mr. Fletcher, in 1882. He placed an iron ball, weighing 3 lb., on a slab of fireclay, heated it for a few seconds with a blow-pipe, and blew the flame out, leaving the gas-mixture still...

Jan 1, 1915