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Taxation is a major factor in evaluating mining project developments. The availability or otherwise of effective tax relief for project expenditures can have a crucial bearing on the decision to proceed with a project. The special position of the mining industry is recognised within the Income Tax Assessment Act (the "Tax Act") by special legislation, namely Divisions 10, 1OAAA and 10AA. The legislation both extends the scope of items which are eligible for deduction and affects the timing of deductions. Generally, the legislation separates expenditure into 3 categories: 1. Expenditure on exploration 2. Capital expenditure on the development and the running of the mine; and 3. Facilities used in the transport of minerals. Companies evaluating a project should carefully analyse their proposed expenditures, allocating them between these categories so as to identify potentially non-deductible expenditures and to determine the period over which tax relief will be Obtained.

Jan 1, 1983

By J Ralston, W Skinner, D Fornasiero

The Wark has been conducting collaborative research through the AMIRA International P260 series of projects for over 20 years. This paper reviews specific outcomes of successful technology transfer to flotation plant practice over that time. Moreover, findings of an independent audit of industry users of the research outcomes of the P260 project are reviewed. The key to successful technology transfer is the active engagement of industry personnel at all phases of the technology transfer process. Other research outcomes include the novel application of new measurement tools and methodologies which include, for example, advanced surface analysis techniques. These new tools and methodologies have been pivotal to improving our understanding of factors that limit the flotation separation of minerals at plant scale. Future potential targets for technology transfer to improve flotation plant practice are discussed.

Jan 1, 2009

The economic viability of base metal and gold production projects at Chillagoe, North Queensland has been elusive or difficult to achieve. Because of isolation and low grades metallurgical efficiency has always been essential. This paper, concentrates on the Chillagoe Railway and Mines Company's operations from 1898 to 1914 and Elders Resources Limited's current developmental operations at Red Dome. The technological methods of concentrating, smelting and refining the copper, silver, lead and zinc by the Chillagoe Company will be outlined as well as their understanding of the geological aspects of the ore bodies and the stock market speculation. The Chillagoe Company failed in its economic management but developed the region. Elders Resources have successfully redeveloped the region including fostering the tourist potential of the area through their expert financial, engineering and metallurgical strategies within the external economic parameters of the Pacific Region.

Jan 1, 1987

The global recession of the 1980s drove commodity prices down and intensified cost competition. The 1990s saw a restructuring of the mining industry with the survivors adopting new technology, significantly increasing workplace productivity and reducing capital and operating costs. Major changes in mining industry business strategies evolved in the late-1980s including the development of miner - supplier - manufacturer - partnerships, cultural changes in work practices and common goals between the partners to reduce the cost of production. These industry trends are putting new demands on mining machine manufacturers and dealers both on the `hard' side of the machine business, such as research and product development programs, and on the `soft' side in terms of business processes, use of human resources and communication. The paper describes several mining industry trends as identified by a large supplier to the industry, and discusses the impact they are having, and will have, on mining machine development and the provision of product support services to the industry.

Jan 1, 1995

By Boyack DJ

DEFINING AN ECONOMIC TARGETExploration usually begins with the corporate goal of finding a minimum tonnage and grade of a selected mineral. Sometimes this is expressed more simply as a minimum quantity of contained metal without any indication of the desired grade or implied profitability. Such a goal is useful in the selection of exploration areas and the planning of initial drilling programs. However, it should be reviewed as soon as significant mineralisation has been identified. To make rational decisions about exploration expenditure, the potential return from a deposit must be estimated from the outset and re-esti-mated frequently.The potential return will depend on:1. The proportion of mineral which can be economically recovered from the deposit by mining (the mining recovery).2. The quantity of valuable constituent that can be recovered after dilution with waste rock during mining and losses due to incomplete metallurgical recovery.3. Expectations of price and markets.4. Capital and operating costs applying to the selected mining and processing methods, and to transportation and marketing. Increasingly, environmental costs and constraints must also be considered.

Jan 1, 1990

By Lightfoot BW, Foo KA, Conochie DS

Aberfoyle Limited operated a matte fuming pilot plant, incorporating a SIROSMELT furnace in 1980/81. This plant was a significant advance in both smelting and tin extraction technology. Important design, construction and commissioning aspects are discussed and some of the key points to emerge from this phase of the work are reviewed.

Jan 1, 1984

By P Wollants, B Blanpain, R Ding

Vacuum oxygen decarburisation (VOD) is the refining process used by ALZ (Genk, Belgium) for their production of stainless steels. The process consists of three stages: oxygen blowing at a pressure of 100 mbar, degassing, and reduction of the slag with ferrosilicon at 5 mbar. The magnesia-chromite bricks used in the slag zone of the ladles suffer from acute wear. In this paper results obtained from a program to improve the refractory life span are presented. The dominant wear phenomena were identified with an electron microscopy study of bricks taken from different locations in the ladle. Concurrently a dynamic model for the vacuum oxygen decarburisation (VOD) refining process was developed. The model calculates the elementsÆ oxidation rate during the blowing oxygen stage and allows the continuous calculation of the change of the metal, slag and gas composition throughout the VOD process. From these activities a general scheme of the refractory wear was worked out and measures to improve the refractory life were proposed and implemented.

Jan 1, 2000

It has long been recognised that applications of the Net Present Value (NPV) investment decision making methodology can have serious deficiencies in situations where investment can be delayed and, once made, various options allow increases or decreases in the level of output. NPV valuation can undervalue the project if it does not incorporate future flexibilities or ""options"". It is important to realise that a proper valuation of a project (ie, valuation of its future cash flows) must incorporate an analysis of optimal future decisions involved in managing the project. Current valuation cannot be divorced from a consideration of future decision making. There is now a considerable amount of literature, mainly academic, identifying and exploring ways of remedying these deficiencies in the application of NPV. While the necessity of period by period analysis is sometimes acknowledged, little if any practical illustrative model building has been published to date, aside from algorithms using continuous time stochastic processes which deny access to the uninitiated.

Jan 1, 1994

The following is a discussion of a new approach to safety when developing or applying a new mining technology. In the form of an engineering process, the following approach had its inception in the military and aviation industries and is also very strongly evident in the chemical industry.The process has been developed and applied in the mining industry by the author. It is called 'Incremental Development and Management of New Technology'.The process is a composite of carefully selected System Safety Management, System Engineering and Financial techniques and methods. It consists of modules which can be modified to suit the requirements of a specific project. Modules provide an organised framework of activities to facilitate a gradual acquisition of pertinent knowledge and information and to enable progressive evaluation or verification of produced outcomes against specified requirements.

Jan 1, 1992

By M Kuruppu

Large mining operations require a high percentage of the capital invested in mobile and fixed mining machinery. From an investment point of view this expenditure must be met by an equally high rate of return, thus the need for high plant and equipment reliability is of major importance. Equipment downtime is undesirable and very costly, resulting in lost production and revenue, which is of critical importance to successful mining operations. One of the solutions to this problem may be found in the form of competent computerised maintenance management software systems, which help to reduce the problem of breakdowns. These software assist the engineers for the management of service orders, resource allocation, progress monitoring as well as costing. They also facilitate the communication of targets and objectives among the service personnel. A computerised maintenance management software called MAINPAC was used to record and plan the activities of mobile equipment maintenance in a large mining operation in Western Australia. Among the details recorded were equipment data, service history, machine downtimes, previous maintenance, job planning and the resource required. This information further helped to analyse the maintenance efficiency, availability and the reliability of the equipment.

Jan 1, 2006

The methodology (i.e. procedures) used in testwork for modifying, improving, selecting, designing or developing processes is reviewed and possible improvements described. Minerals and particles could be characterised more comprehensively with modifications of existing procedures. Identification of the dominant phenomenon in a process could help bring the results of laboratory tests closer to plant performance. Improvements in pilot plant testwork could reduce the frequency and magnitude of problems in materials handling and separation in production processes, and increase the quantity and quality of the data obtained from a limited number of tests. Longer-term improvements in methodology depend on some changes in basic research. Information is required about all of the phenomena that occur in a production process rather than sophisticated models of specific phenomena. Theories, correlations and computer simulations could be used more effectively in testwork if they were simple, capable of forecasting the effects of changes and applicable to a number of similar processes.

Jan 1, 1986

Attention is given to three possible alternative structures namely corporate joint venture, partnership joint venture and unincorporated joint venture. A corporate joint venture involves the formation of a separate and distinct legal entity with limited liability. The shareholders of the Company will be the members of the consortium. A partnership joint venture involves the members of the consortium joining a formal partnership. The partners will conduct the business in common with each other and will share the profits and losses of the project activities. The partners will be jointly and severally liable. An unincorporated joint venture is distinct from a partnership. The members of the venture will not be jointly and severally liable. Taxation and accounting aspects are examined and an outline provided of a typical joint venture agreement. The two main advantages of an unincorporated joint venture are considered to be a favourable treatment for income tax purposes and a greater degree of flexibility when compared with the corporate joint venture and the partnership joint venture.

Jan 1, 1983

Trade unions are people. As organisations they exist to represent the needs and interests of their members; that is the workforce. Thus one of the underlying objectives of the trade union movement has been and will continue to be: achieving from management recog- nition that the labour input to the production process - whether that be in the factory, office or service context - is made up of individual people who can not be treated as just another factor of production. The essential difference between labour input and other factors of production such as capital and raw material is the "humanness" of the individual entities which make up a firm, company or industry's labour supply. Recognition of the "people" input to the production process has essentially two aspects: humanisation of the workplace and the treatment of labour as human beings who have a role to play both within the workplace and within broader society.

Jan 1, 1982

THE Taranaki oil-field is situated on the western side of the North Island of New Zealand, at about its widest part, and may be said to be the most compact and fertile part of the Dominion, for, with the exception of the. upper half of Mount Egmont and of the ranges adjoining, which absorb 36,000 acres, the whole of the area, miuus what is taken up by the rivers land streams-is suitable for settlement, and certainly two-thirds is good land. The gross area oE the district is 2,417,299 acres.The principle rivers are the Wanganui, Mokau, Waitara, Patea, and Waiwakaiho. Mount Egmont, which is 8260 ft. high, used to be called Taranaki, and from it the district takes its name (the Maori meaning of which is "sloping peak ").

Jan 1, 1911

By Young JA, Rogers G, Bannister S, Edwards SA

Many coal mine operators have responded to economic pressures by massive investment in machinery to reduce unit costs. To sustain the increased production which must justify the expenditure it is essential to know the resource in great detail months or even years in advance of its extraction. The required detail includes variations in composition and any lateral disruptions to the seam which night affect production. As Wilson (1985) has pointed out, a day's production loss can mean half a million dollars income forgone, and an unexpected major fault can mean a shutdown of weeks. Traditionally, seams were probed by surface drilling on (typically) 250 or 500m centres, and by horizontal drilling from sithin'the seam. Core was analysed chemically. The new generation machinery cannot tolerate the risk attendant on such widely spaced sampling, but the costs of much closer sampling rapidly become prohibitive.

Jan 1, 1987

The primary objective of any planning exercise is to maximise the return on funds utilised while maintaining a safe and socially responsible working environment. In order to achieve this, it is essential that the assumptions applied reflect as accurately as possible the future realisation of the project. In narrow vein mining, the risk that this will not occur can be significantly greater than that associated with other types of mining projects. This results partially because of dramatic effects upon project cash flows with seemingly minor changes in operating parameters such as orebody width and wall rock competency.The validity of a planning exercise can therefore be related to the extent of available data and to the experience and perceptions of the operating entity. The various factors which must be assessed include absolute values and variations in a range of factors, especially the dip and dimensions of the orebody, the geotechnical parameters and anticipated ground conditions, the productivity and production characteristics of the selected mining method as applied to the specific orebody, and the impact of mine access and development.

Jan 1, 1993

The authors are looking at the behaviour of the mineral processing circuits by means of the simulators operating under random disturbance. The present paper deals with the fuzzy control systems in comparison with PID controllers. A series of tests are conducted on simplified prototype processes with (1) dead time plus first-order lag model and (2) diffusive model. In the next series of tests the self-sustained process model was introduced to improve control against dead time. In both cases fuzzy and PID controllers are optimised by EVOP method. Particular attention is paid to the effect of observation noise to analyse for the problems which can be fatal to practical applications in mineral processing. Finally the methods developed are applied to a closed-circuit wet grinding system simulator operating under random disturbance.

Jan 1, 1993

By Enichlmayr E

Lignin grouts are cheap and easy to get. They have some desirable properties, but they aag less used now because environmental pollution is often caused by Cr from the lignochrome component of the grout. Their usefulness was researched in an earlier paper on lignin as a grout from other viewpoints. A non-toxic grout FUL was made composed of furfural, urea and lignin. After initial tests, including tests by spinning regression design, some response equations in which FUL's properties are described were obtained. Optimum formulations have been established by using optimization methods based on response equations. The engineering quality was assured by formulations whose properties were measured in further tests. The mechanical feature of gelling sand was measured by means of triaxial tests. This provides a basis for using FUL grout in-situ. Finally, an in-situ experiment on FUL was completed successfully. The results were that cracks in stratum were filled or blocked, the gelling of FUL had high strength, and low permeability and consolidation were achieved.

Jan 1, 1988

Courses in chemical engineering and metallurgical engineering at the University of Queensland were compared and the main difference was found to be the greater emphasis on the application of chemical engineering fundamentals, particularly chemical thermodynamics, to specific processes in the metallurgy course. This reflects the distinctive features of extractive metallurgical processes which are not common in other chemical engineering processes and which justify the study of extractive metallurgy in its own right. B.Sc. courses in metallurgy provide one way in which the specialist knowledge of extractive metallurgy can be taught. General metallurgy courses are considered to be preferable to those restricted solely to extractive metallurgy since graduates of a general course have a wider choice of employment, while excessive emphasis on extractive metallurgical applications in chemical engineering courses could reduce the non-specific nature of these courses. Postgraduate diploma and higher degree programmes are avenues for non- metallurgists to acquire knowledge of the discipline.

Jan 1, 1984

This paper presents a summary of tools and methods used for geotechnical assessments and monitoring systems at block caving mines. A critical review of these tools is given based on the authorÆs experience in block caving operations. The reviewed tools include cavability prediction, fragmentation evaluation, geotechnical monitoring systems, numerical stress analysis and others. Some of these tools have been developed under certain circumstances in particular mines and experience shows that their applications under different geological and mining conditions have often been difficult. Examples from block cave mines are also utilised in this paper to illustrate the importance of the further development of these tools, whilst possible improvements on these tools are also suggested.

Jan 1, 2000