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By B Mohanty, D Zwaan

Systematic near-field vibration monitoring of stope blasts was carried out in a large, deep underground mine. A total of 31 production blasts were studied in order to investigate the effectiveness of existing blast designs. This involved the vertical retreat mining method, which requires drilling a raise bore or blasting a slot raise (typically 1.22 m in diameter) using large diameter boreholes (165 mm). The diagnostic technique employed multistation near-field monitoring of blasts with high-g (100 g) and high-frequency (>10 kHz) triaxial accelerometers. The amplitude of the vibrations is correlated with the strain energy transmitted from each explosive deck. The results showed that more than 30 per cent of the explosive decks contributed little energy to the rock breakage process in these blasts, and an equal number contributed only inadequately. These findings are indicative of serious blast malfunctions. The problems can be traced to inadequate deck blast design and possibly to drill hole deviation. The various causes for such malfunctions are discussed and remedial measures suggested.CITATION:Mohanty, B and Zwaan, D, 2015. Assessment of underground production blast designs and blasting performance, in Proceedings 11th International Symposium on Rock Fragmentation by Blasting, pp 607–616 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Aug 24, 2015

By J S. Laskowski

Froth flotation process requires the use of frothers. These important flotation agents are commonly characterised as either æselectiveÆ or æpowerfulÆ and are chosen following general guidelines and verification by laboratory and/or pilot plant tests. Fundamental properties of the flotation frothers have been extensively studied over the last few years. These studies have led to the development of standardised procedures to characterise frothers in terms of their ability to reduce bubble size and to increase foam stability. In this research project, the performance of five frothers in flotation of coal is evaluated and related to the fundamental properties of these agents. Since the recovery of water in the concentrate is closely related to the non-selective transport of solid particles by entrainment, the tested frothers are also assessed in terms of their ability to promote the transport of water towards the froth collection zone, both in absence and in presence of solids.

Jan 1, 2005

By Ormsby W. R, Nicholson P. M

Woodcutters is a polymetallic vein-style deposit hosted by sediments of the Palacoproterozoic Whites Formation which forms part of the sedimentary sequence in the central Pine Creek Geosyncline. Past production and identified resources total over eight million tonnes at 5.5 per cent lead, 12.1 per cent zinc and 110 gA silver. The local geology is influenced by Archaean basement highs; the Rum Jungle and Waterhouse Complexes. Unconformably overlying basement are interbedded clastic and crystalline carbonate units (Batchelor Group) representing cyclic changes in the depositional environment. These exhibit onlapping features with the underlying rocks. Sediments of the overlying Frances Creek Group suggest a quiet period during subsidence and subsequent increase in water depth (the carbonaceous dolomitic shales and the interbedded dololutites of the Whites Formation) followed by proximal uplift resulting in the inundation of turbiditic flows (Acacia Gap Quartzite). All of the Palaeoproterozoic rocks show evidence of being affected by penecontemporaneous, basement circling faults with steep dips. The stress regime during the deposition of the Frances Creek Group was characterised by alternating episodes of thrusting and transpression. Periods of relaxation also occurred. The compression resulted in major NS strike-slip (transpressional) faulting, en-echelon NNE trending folds and NW-SE tensional cross faults. Thrusting produced N-S striking, steep dipping reverse faults and a possible decollement immediately above the Batchelor Group. Relaxation is evidenced by the intrusion of lamprophyre dykes and dolerite sills (Zamu Dolerite). Mineralisation at Woodcutters occurred in faults within the Whites Formation, probably synchronous with deformation and the deposition of the upper parts of the Frances Creek Group. Greenschist facies metamorphism occurred as the rocks were further buried. Several massive sulphide bodies occur at Woodcutters. A number of features influence the location and shape of these bodies. They are: ò the N-S transpressional faults and in particular associated dilation zones; ò intersection of the N-S transpressional faults with the axial plane of the NNE trending Woodcutters Anticline; ò intersection of the N-S transpressional faults with the NW-SE cross-faults; ò intersection of dololutite rich units with the NS transpressional faults where local replacement takes place; ò thickening of the lithological units in the vicinity of the anticlinal axis; and ò the anticline doubly plunging to both the north and south. The mineralisation exhibits vein-like features as well as epigenetic textures. Its boundaries are sharp, its thickness varies rapidly down dip and along strike, and no alteration halo exists though stringer veins of quartz-carbonate-pyrite ¦ sphalerite/galena occur in close proximity. A number of sulphide mineral assemblages have been recognised, each separated by periods of deformation and partially replacing the earlier assemblages. Vertically continuous zonation patterns highlight the presence of rich galena-sphalerite-silver in zones of maximum dilation and pyrite-arsenopyrite-gold concentrated at the along strike peripheries. The genetic model proposed has the mineralisation occurring whilst the transpressional regime was active. It was deposited from the same fluid that elsewhere in the Geosyncline formed the stratiform deposits higher in the sedimentary pile. Hydrocarbons sourced from the organic-rich Whites

Jan 1, 1994

By R Castroviejo, E Pirard, L PTrez-Barnuevo

Process mineralogy provides the mineralogical information required by geometallurgists to address the inherent variation of geological data. The successful beneficiation of ores mostly depends on the ability of mineral processing to be efficiently adapted to the ore characteristics, liberation being one of the most relevant mineralogical parameters. The liberation characteristics of ores are intimately related to mineral texture. Therefore, the characterisation of liberation necessarily requires the identification and quantification of those textural features with a major bearing on mineral liberation. From this point of view, grain size, bonding between mineral grains and intergrowth types are considered the most influential textural attributes. While the quantification of grain size is a usual output of automated current technologies, information about grain boundaries and intergrowth types is usually descriptive and difficult to quantify to be included in the geometallurgical model.Aiming at the systematic and quantitative analysis of the intergrowth type within mineral particles, a new methodology based on digital image analysis has been developed. In this work, the ability of this methodology to achieve a more complete characterisation of liberation is explored by the analysis of chalcopyrite in the rougher concentrate of the Kansanshi copper-gold mine (Zambia). Results obtained show that the method provides valuable textural information to achieve a better understanding of mineral behaviour during concentration processes. The potential of this method is enhanced by the fact that it provides data unavailable using current technologies. This opens up new perspectives to the quantitative analysis of mineral processing performance based on textural attributes.CITATION:PTrez-Barnuevo, L, Castroviejo, R and Pirard, E, 2013. New perspectives on quantitative textural analysis, in Proceedings The Second AusIMM International Geometallurgy Conference (GeoMet) 2013 , pp 191-198 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Sep 29, 2013

By J Chan, T Baumgartl, A Plante, C Peltre, P D. Erskine

Mine soils are often organic matter and carbon poor due to disturbance, topsoil stockpiling and mixing with spoil. They present an opportunity to observe the accumulation of soil carbon arising from rehabilitation or ‘green carbon’ through organic matter inputs and may be considered for carbon credits. Soil carbon is known to improve multiple soil characteristics and is viewed as an indicator of soil health.When attempting to estimate soil carbon levels in the Australian coal mining regions, both coal and black carbon (BC) need to be quantified. Coalmine soils contain coal particles that are difficult to distinguish from organic matter using standard carbon analyses. BC, a material arising from the incomplete combustion of organic matter and fossil fuels, displays some similar characteristics to coal and is ubiquitous in Australian soils due to bushfires. The presence of coal and BC complicate the determination of green carbon levels in mine soils.A method to quantify coal and BC in mine soils from the Bowen Basin using thermal analysis and multivariate curve resolution is presented. By determining BC and coal contributions it is then possible to calculate green carbon levels in rehabilitated mine soils. Calculated green carbon levels are compared with bulk density as soil quality indicators.CITATION:Chan, J, Baumgartl, T, Erskine, P D, Peltre, C and Plante, A, 2014. Distinguishing carbon fractions in coalmine rehabilitated soils, in Proceedings Life-of-Mine 2014 , pp 491–498 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Jul 16, 2014

Ore textures in Australian BIF-derived ores are quite complex and have formed the basis for ore genesis models, which includes hypogene upgrading or supergene upgrading then regional metamorphism for the microplaty hematite ores and supergene upgrading for the martite-goethite ores. Despite a high level of ore texture knowledge, little is known about the spatial distribution of ore textures within deposits or their relationship to downstream processing. This paper describes a new iron ore texture classification system to better understand the vertical textural zonation characteristics of Australian BIF-derived deposits, the interpreted role of recent supergene upgrading processes on modifying primary ore textures and their implications for downstream mineral processing. The iron ore textural classification scheme presented uses textural groupings defined on the basis of similarities in mineralogy, ore texture, porosity, mineral associations and hardness. The scheme is non-genetic and has been successfully applied to deposits in the Pilbara, Yilgarn and Gawler cratons. The main ore texture groups include dense martite/hematite, microplaty hematite, microplaty hematite-goethite, martite-goethite, goethite-martite and goethite-rich. Each group can be further subdivided into physically hard to softer subcategories. The ore textural groups can be divided into those interpreted to be associated with primary replacement of BIF and secondary textures resulting from more recent modification by near-surface hydration or dehydration processes. A schematic vertical section through BIF-derived deposits consists (from surface) of detritals underlain by a carapace, both of which may have been eroded, followed by a hydrated zone with replacement of primary ore martite and microplaty hematite by vitreous goethite. The hydrated zone is underlain by 0.2 - 6 m thick zones of intense dehydration and textural infilling of porosity with hematite and hydrohematite. Immediately below the dehydration zone is a strong zone of leaching, where more porous and friable ore textures occur, followed underneath by a gradational contact with primary ore. Secondary supergene processes can impact on beneficiation with hydration and leaching resulting in more difficult density separations at the concentrator stage due to reductions in density differences between ore and gangue and loss of heavy media into pores. Supergene modification of primary BIF-derived ore textures can substantially change lump metallurgical properties, with hydration and dehydration favourably increasing lump yield but reducing resistance to thermal shock whilst leaching will give the opposing outcome. The lump properties of ore textural groups appear to be relatively consistent within and between the iron ore deposits examined.

Jan 1, 2002

By A McGann, P J. Coghill, D Miljak

"It is widely accepted that bulk ore sorting could provide a step change in processing of low-grade ores. For this to be achieved a rapid, accurate bulk sensor of grade is required as well as sufficient natural variation of grade in the ore stream. CSIRO trialled a magnetic resonance (MR) sensor capable of measuring chalcopyrite, and by inference total copper grade, on the 1300 t/h Ridgeway portal conveyor. The gauge produced an unprecedented set of data down to a 1 t scale for months at a time. This paper analyses the measured variation and compares it to a simple model derived from the bore core data and mixing within the block cave mine.The model of the small-scale (<1000 t) variation is developed using fractal methods which have successfully been used in the past for copper porphyry deposits showing a power law or near power law distribution of copper grade and vein sizes. These fractal distributions have two features highly favourable for segregating ore, a large proportion of low-grade pods and the large-scale spatial clustering of grade. We show the presence of fractal ordering in bore core data at short range in the Cadia Ridgeway porphyry deposit and measure its persistence in the crushed rock produced by the Ridgeway block cave mine over one month. The model is then extended to demonstrate the effect of varying head grade, mixing and pod (or diversion) weight on bulk sorting efficiency.CITATION:Coghill, P J, Miljak, D, McGann, A, 2016. Modelling Grade Variation in Crushed Ore at Cadia Ridgeway and Its Potential Consequences for Bulk Ore Sorting, in Proceedings The Third AusIMM International Geometallurgy Conference (GeoMet) 2016, pp 77–88 (The Australasian Institute of Mining and Metallurgy: Melbourne)."

Jun 15, 2016

By B A. Webler, P Su, P C. Pistorius

Advanced high-strength steels (AHSS) typically have much higher aluminium concentrations (by an order of magnitude or more) than conventional low-carbon aluminium-killed steels. The resulting lower oxygen activity at the steel-slag interface changes the kinetics and thermodynamics of steelslag reactions. Previous work showed that the rapid transformation of alumina inclusions to spinel inclusions, and spinel to periclase, occurs because of the relatively high concentration of dissolved magnesium. In this paper, experimental results on nitrogen removal by ladle slag are compared with predictions based on the available thermodynamic databases. As in previous work, the kinetics was modelled by assuming mass transfer control, with steel or slag mass transfer limiting. The results show that significant removal of nitrogen by steel-slag reaction is possible.

Aug 21, 2024

By L Basnayaka, N Subasinghe, B Albijanic

"It has been recognised that the presence of clay minerals in ores adversely affect flotation performance. In this study, changes in rheological properties of the flotation pulps under normal operating conditions were studied with additions of bentonite and kaolinite clays at various concentrations. Zeta potential measurements were also carried out to determine the changes in surface charge due to adsorption of clay particles. The results showed that bentonite clay adversely affects floatability of pyrite while kaolinite clay had a lesser influence on flotation of pyrite. The addition of Ca2+ ions to the pulp containing bentonite modified the rheological characteristics and in turn improved the pyrite flotation. It was also observed Ca2+ ions suppressed the swelling properties of bentonite and altered surface charge properties of bentonite clay particles. It has been shown that the flow index affected the ultimate recovery and it may provide a means to monitor flotation performance in routine plant operations.Citation:Basnayaka, L, Subasinghe, N and Albijanic, B, 2016. Effect of Clay Rheology on Flotation of a Refractory Gold Ore, in Proceedings 13th AusIMM Mill Operators’ Conference 2016, pp 77–84 (The Australasian Institute of Mining and Metallurgy: Melbourne)."

Oct 10, 2016

By Stevak D, Plesingerova B, Ellias K, Tkacova K

This paper presents information on the processing of minerals by decrepitation that can be an integral part of their mineral dressing. In the case of carbonates, processing by decrepitation is a special operation that has its objective as concentration of the oxide. Selective fragmentation of magnesite brought about by decrepitation uses pseudomorphosis which was observed at thermal decomposition of carbonates. By decrepitation of magnesite high-grade MgO concentrates were obtained with MgO contents above 80 per cent. With the sideritic ores a very important phenomenon was observed consisting in the removal of quartz in the fragmented fine-grained product which favourably affect pelletisation of the fines. The selective concentration of the MgO product brought about by thermal decomposition of dolomite accompanied with decrepitation was negligible.

Jan 1, 1993

By L O. Filippov, I V. Filippova

Subsea massive sulfide deposits have particular mineralogical compositions and textural features differentiating them from onshore ore. When extracted from salty water and exposed to the air, massive sulfide samples strongly oxidise and soon become covered by thin layers of iron, copper and zinc-rich sulfates and oxides, as well as elemental sulfur. The textural properties vary according to the degree of maturity and the sample position within the hydrothermal deposit. Because of the variation of secondary mineralisation and porosity level, sea floor massive sulfides respond differently from terrestrial ore to processing methods. Froth flotation, commonly applied to separate all types of sulfides from the gangue minerals, is one possible treatment technique to process sea floor ore. Sulfide recovery rate is, in most cases, excellent (>90 per cent). However, separation of the various mineral phases is difficult to obtain even when applying known methods used for onshore ore. Moreover, the flotation behaviour decreases dramatically with time of conservation, even when the samples were stored in a confined environment. High pH range, which is a good way to depress pyrite and therefore to favour the flotation of copper and zinc sulfides, does not have the same effect on subsea ore. Consequently, careful flotation procedure should be elaborated to obtain efficient mineral separation for this specific marine ore.CITATION:Filippov, L O and Filippova, I V, 2015. Processing of subsea massive sulfide ores by flotation – similarity and features with terrestrial ores, in Proceedings Third International Future Mining Conference, pp 239–244 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Nov 4, 2015

Breakwater Resources Ltd is a Canadian base metals producer with Cu-Pb-Zn operations in Canada, Honduras, and Chile. Two of its operations contain economical gold levels which are recovered in both gravity and flotation concentrates. The gold payable terms in zinc concentrate are poor when compared to gold concentrates or copper concentrates and various flow sheets have been evaluated by Breakwater staff to maximise gold reporting in higher value products. The Myra Falls mine in British Columbia recovers coarse gold in the grinding circuit, part of which is upgraded and sold as a gravity-gold concentrate with the balance being directed to the copper concentrate. A sampling survey showed that there was potential gravity-recoverable gold in the copper regrind circuit. Installing a gravity concentrator in the copper regrind circuit increased the gold grade and recovery in the higher revenue copper concentrate and reduced the quantity reporting to the less well paid zinc concentrate. The El Toqui Mine in southern Chile has distinct high-and low-gold orebodies which are campaigned separately through the flotation plant. The high gold zone yields both a gravity concentrate and an unusual gold flotation concentrate. The gravity concentrate undergoes intensive cyanidation and electrowinning on-site to produce dore, while the fl otation concentrate is sold to gold producers. The zinc concentrate contains signifi cant gold values. The paper describes efforts over the past few years to improve gold returns at Breakwater's operations and highlights the different approaches dictated by the mineralogy of the gold occurrences at these two operations.

Aug 1, 2010

By T A. Short, P L. Brown

Kestrel Mine co-disposes around 1.5 Mt of fine (2SO4/t and to date around 9 Mt has been deposited. The mine plans to co-dispose of approximately 39 Mt of material, creating a dump with a maximum height of 35 m and a disturbance footprint of 260 ha. Benign materials suitable for rehabilitation are severely limited and no successful rehabilitation strategy has yet been demonstrated. A rigorous measurement and modelling program is resolving outstanding issues associated with acid rock drainage (ARD). The objective of the program is to develop and validate a strategy for dump rehabilitation that will control ARD and allow for mine closure. The strategy includes using a soil cover to reduce water flux into the dump to control the overall oxidation rate and to control effluent release. Monitoring of the oxygen distribution and water flux in the uncovered material commenced in February 2001 and monitoring in waste under a trial cover commenced in February 2002. Carbonaceous and sulfidic oxidation rates have been measured. Initial modelling indicates that the carbonaceous material has the general effect of slowing the rate of pyrite oxidation, lowering the maximum sulfate production rate and extending the time to oxidise all the sulfides. The combined approach of measurement and modelling provides a sound basis for assessing the performance of the trial cover and predicting the long-term quality and quantity of effluent at the base of the rehabilitated waste dump.

Jan 1, 2003

By S Sims, A Stradl, G Hope, B Lacouture

Column flotation cells have been installed in numerous base metal operations around the world. The majority of these cells utilise conventional air-only spargers to introduce air into the bottom of the column. The recent development of instruments to measure the bubble characteristics in these columns has provided a renewed understanding of column behaviour. These new tools provided insight into why the columns at Red Dog Mine had never performed up to expectations. After efforts to optimise the spargers failed to substantially change the bubble size and air efficiency, alternate sparger systems were investigated. The Metso Minerals CISA Microcel sparger system appeared promising and was selected for a full-scale plant trial. The Microcel sparger system was originally developed for the coal industry at the Virginia Centre for Coal and Minerals Processing. In October 2003, a Microcel was retrofitted into one of two 3.66 m diameter flotation columns in the zinc retreat circuit at Red Dog Mine. The operation of the two different sparger systems in parallel allowed a detailed comparison. This paper discusses the performance of the Microcel based on the data collected during several detailed surveys. Bubble size measurements carried out in the pulp zone using the McGill University bubble viewer showed a significant difference in bubble size. The mean Sauter diameter of the bubbles decreased from 3.4 mm for the jetting-type sparger to 1.9 mm for the Microcel sparger. The overall recovery and the recovery by size fraction for both valuable and gangue minerals were compared. Paired t-tests demonstrated that the Microcel column produced a higher concentrate grade (0.6 per cent zinc absolute) and a higher unit recovery (2.8 per cent zinc absolute) than the existing Canadian Process Technologies Inc (CPT) SlamJet column. These improvements provided a payback period of 1.5 months for the $109 000 investment.

Jan 1, 2005

By C R. Fountain, R J. Sinclair

The zinc industry is dominated by the electrolytic zinc (EZ) process. The EZ process has a low tolerance for impurities, resulting in tight concentrate specifications. Many mining companies sacrifice zinc recovery in order to meet smelter specifications. Some have ore-bodies that cannot be economically developed because too much metal has to be sacrificed, or it is just not possible to meet the specification. The BUKA Zinc Process (BZP) has been developed as a method of producing high-quality zinc from a wide range of concentrates. It can have lower capital and operating costs than the conventional zinc and lead production routes. Advantages accrue from increases in metal recovery during concentrating, smelting and refining; the elimination of most of the capital and operating costs associated with lead smelting; reduced transport costs; lower zinc refining costs; reduced refinery residue disposal costs; and reduced future environmental liabilities. This paper describes results of testwork that has been undertaken to demonstrate the viability of the BZP on both test rig and laboratory-bench scale.

Jan 1, 1998

By B C Tanda, E A. Oraby, J J. Eksteen

"Base metal and precious metal deposits are well known for their significant geometallurgical variation throughout the volume of the proven resource. At the metallurgical level, the plant normally processes an upper oxidised layer, a transition zone and a sulfide zone, often leading to different processing techniques for the different zones. A novel processing approach is presented whereby alkaline leaching with glycine is used to leach base and precious metals, using a copper-gold ore deposit as a case study. Glycine is a cheap, non-toxic, non-volatile, highly water-soluble crystalline solid produced industrially in bulk quantities. As a chelating ligand it forms a number of stable glycinate complexes with Ni, Co, Cu, platinum group metals (PGMs), Au, Ag, Zn, Pb, Hg and Cd, with broad stability regions over an extended temperature-pH-Eh range, allowing dissolution of these metals in the neutral and alkaline regions (pH 7–13). It has been shown that this lixiviant system can leach the metals from their oxide, oxy-halide, basic sulfate, carbonate, native and various sulfide forms, including refractory sulfides such as chalcopyrite. Extraction of the metals from their soluble glycinates is easily achieved using a range of solvent extraction and precipitation processes, and the glycine remains stable in aqueous solution for recycle and reuse. Minerals bearing metals in Groups 1 to 8 of the periodic table are normally unaltered. This technology therefore provides a highly selective leaching environment for the extraction of numerous scarce metals of economic interest, with minimal interaction with gangue minerals, whilst using environmentally benign reagents. Problematic leach residues such as jarosites, elemental sulfur and silica gels are averted through this processing approach. This technology allows hydrometallurgical processing that is much less domain-sensitive in the geometallurgical sense, and utilises essentially the same key reagents for the whole deposit.CITATION:Eksteen, J J, Oraby, E A and Tanda, B C, 2016. Developing Robust Hydrometallurgical Processes to Recover Metals from Deposits with Large Geometallurgical Variation, in Proceedings The Third AusIMM International Geometallurgy Conference (GeoMet) 2016, pp 15–20 (The Australasian Institute of Mining and Metallurgy: Melbourne)."

Jun 15, 2016

By Napitupulu P

PT Freeport Indonesia currently operates a concentrating complex capable of milling 127 000 metric tonnes per day of copper and gold hearing ore. The facilities consist of both a conventional crushing, ball mill and flotation circuit and a SAG, ball mi

Jan 1, 1997

By M Zanin, E Chan, D Xu

An experimental design has been developed to investigate the relative influence of distinct pulp and environmental properties on froth stability in the flotation of a typical porphyry copper ore. In particular, factors such as frother and collector type, feed particle size (P80), solids per cent, composition (chalcopyrite and pyrite content), as well as grinding environment (mild steel versus stainless steel, high and low pH) have been varied in a controlled manner, and the resulting froth stability evaluated. A previously developed froth stability column, based on the Bikerman approach, was used to measure the froth height and half-life in each test. The relative effect of each factor is presented here on a comparative basis. It is shown that frother type is the most important factor, with marked difference in froth stability when switching from methyl isobutyl carbinol (MIBC) to glycol based frothers. Solids per cent and particle size also play a significant role. The grinding environment had lesser effect on the resulting froth stability, although mild steel grinding gave higher froth stability compared to stainless steel grinding. The experimental evidence supports the hypothesis that in porphyry copper flotation the grinding environment influences surfaces oxidation, pyrite activation and the extent of hydrophobic particles reporting to the froth phase. This has an indirect effect on the resulting froth stability, which is however small if compared to the other factors. This work is still in progress, and extension to other mineral systems is planned. However, some insights are offered to operators on the parameters which are more likely to have an impact on froth stability in copper flotation plants.CITATION:Zanin, M, Chan, E and Xu, D, 2014. Empirical evaluation of factors affecting froth stability in copper flotation, in Proceedings 12th AusIMM Mill Operators’ Conference 2014 , pp 193–200 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Sep 1, 2014

By G J. A Dewar

The Australian Corporations Law generally requires Independent Expert Reports to be presented in support of capital raising or in defence of mergers and takeovers. The introduction of the VALMIN Code in 1995 (and its recent revision issued as the VALMIN Code, 1998) made Assessment and Valuation Reports in these circumstances much more comprehensible than before because of its key requirements for transparency and materiality. By forcing the Independent Valuer to provide an explanation of the reasoning behind the estimation of a particular resource asset, VALMIN allows the reader to clearly see any error or illogicality in the valuation methodology used and to seriously question or even reject the resulting value. Even though many elements of resource asset valuation practice are undeniably subjective, there must be some basis of objective rationality to it. Independent resource asset Valuers are the essential link between mineral explorers/miners on the one hand and brokers/analysts/fund managers/investors on the other. The minerals and financial industries both expect them to not use inappropriate or invalid valuation methods and illogical steps within these methods. This paper examines some of the less sensible ways in which some of the main techniques that Valuers commonly use to assess the fair market value of mineral properties have been applied in recent instances. The authors hope to discourage the adoption or perpetration of the æWhat-number-did-you-have-in-mind?' approach. It is MINVALÆs view that as many methods as possible should be used in any resource asset valuation. If any of the resulting estimates are in approximate agreement (particularly if they were derived using the less subjective of the available methods), ie if they cluster, they are probably more persuasive as being the Preferred Value of the asset than outlier values within the Valuation Range.

Jan 1, 1999

By Zichenko ZA, Volkov SV, Shaluhina LM, Emelyanov AF

A method of selective gold recovery from black sands has been elaborated which is based on the liquid phase low temperature chlorination of materials. A liquid agent mixture of sulphur monochloride S2C12 and sulphur dichloride SC12 is used. This method ensures the gold extraction either in the state of AuC13.SC14 complex salt solution or as metal. The kinetics and main physico-chemical parameters of the process (eg density, solid: liquid ratio, temperature) have been investigated. The materials investigated were quartz-insipid ride samples with low sulphur and high iron (up to 70 per cent Fe2O3) contents. Gold recovery is 96 - 99 per cent at temperatures not exceeding 100¦C. Most of the associated minerals remain in the cake. To obtain metallic gold, the resulting solution of the AuC13.SC14 salt after leaching is reduced by hydrazine with subsequent annealing. The elaborated method is remarkable for small energy expenditures owing to low process temperature and a high gold dissolution rate. The solution of sulphur chlorides and other reagents are used in closed cycle.

Jan 1, 1993