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Investment decisions in the Australian mining industry are often made without awareness of the impact of risk on project outcomes. A fundamental change in thinking is required to move away from the traditional attitude of æcushioning the blowÆ towards a measured approach to project risk. Such an approach involves quantifying and understanding project uncertainty so that investments may be shielded from downside risk while at the same time exposed to upside potential. Communication and collaboration between study teams and corporate financial managers must be improved before the industry can improve its project investment record. Monte-Carlo simulation provides a way to quantify and understand investment risk, but its accuracy depends on how well the variability of input parameters is estimated. Research in this area is currently centred on quantifying uncertainty in mineral resource estimation using new conditional simulation techniques, but a less-rigorous method can be applied in practice to begin the education process and develop the required awareness at board level.

Jan 1, 2003

By Thomas R

The successful `marriage' between a company seeking to raise funds to develop a project and their financiers calls for a strong mutual understanding of each other's needs. For a company attempting to raise funding, the alternative methods are ever expanding. The optimum method will vary depending on the financial position, risk/reward outlook of the company and the strength of the project for which development capital is being sought. It is likely that small mining companies will need to raise equity funds for advancing projects to the development stage. At that time, they will probably still require a reasonable level of shareholder equity to meet the requirements of banks and other parties to cover potential cost over-runs on the project and feasibility costs. Larger companies, however, are likely to find it much easier and cheaper to raise debt from banks. When evaluating companies and projects for funding, banks will pay particular attention to the quality and experience of management in developing similar projects and it may be necessary for some companies to retain the services of outside consultants. Before a project needs funding, companies should meet with potential financiers to develop relationships to select and ensure a smooth transaction to funding in the future.

Jan 1, 1997

By E Drueppel, M Mistry, J Pateiro

As mining undoubtedly influences the natural environment future challenges of copper ore mining are minimisation of land use in area and duration, proper land rehabilitation as well as tailings management. One possible solution to avoid these negative impacts could be the application of underground mining with backfilling tailings compounds. This approach would definitely increase the production cost. Against this background the project analyses the influence of an æecologically satisfyingÆ copper ore mining on world market prize and demand as well as on the environment. In the project 261 copper ore mines accounting for 98 per cent of world copper production have been examined. After modelling a backfill plant, analyses of applied backfill techniques were conducted. Afterwards a method of cost estimation was developed and then the backfill plant model was applied in three case studies. The results were transferred into scenarios. The work closes with a short discussion and gives an outlook to forthcoming research. The results presented in this work have been generated within the Collaborative Research Center (CRC) 525 entitled æResource-orientated view of metallic raw material flowsÆ. This interdisciplinary project was established at Aachen University of Technology (Germany) in 1997 and is funded by the Deutsche Forschungsgemeinschaft (DFG). The long-term goal of this research program is the identification of options for the resource-sensitive supply and processing of metallic raw materials. In order to address the sustainable development challenges facing the metals and minerals industry an integrated resource management system is to be developed and tested for important metallic raw materials. Case studies for aluminium and copper are being conducted by the CRC 525 in order to provide useful and efficient tools for decision makers over the entire life cycle of these materials.

Jan 1, 2003

By R J. Nicholson, J M. F Clout

As part of an overall strategy to make significant new technological advances for the sustainability of the mineral processing and related process industries CSIRO Minerals has developed a new dry separation device. It represents a technology breakthrough and has the potential to radically change the way in which dry particle size classification is achieved in the minerals industry. Conventional dry separation techniques have limited applications and often suffer from low productivity, high operating costs, low separation efficiency, the need for dust control and a lack of flexibility. In the absence of efficient dry techniques, wet processing is often used. The use of wet processing either requires the introduction of water into a separation process, which causes environmental concerns through the need for water supply and tailings dams or the use of æunfriendlyÆ chemicals for dense media separations that have considerable impact on handling and disposal. Wet processing also increases operating costs due to plant instability, materials handling, thickening, filtration and product drying. The new CSIRO technology exploits a combination of natural and applied forces to achieve specific particle motions that produce size separation. In doing so, many of the traditional shortcomings of dry separation have been overcome. The CSIRO Dry Particle Size Separator is ideally suited for dry size separation applications within the size range 1 mm to 30 ¦mfor moderate moisture levels (2 per cent), have low unit throughput, produce a fixed cut size and are therefore impractical where very high unit capacity and low operating costs are required. This paper presents a review of dry separation devices together with details of the new Dry Particle Size Separator and typical results for a number of materials, including iron ore and quarry dust.

Jan 1, 2002

By B Roberts

The Department of Industry and Resources (DoIR) is responsible for several sets of legislation, which, among other things, regulate the storage, handling and transport of dangerous goods as well as every aspect of the life cycle of explosives in order to prevent explosions, fires and spillages. The legislation with particular relevance to explosives includes: The Explosives and Dangerous Goods Act 1961; the act deals with the storage, manufacture, sale, import, authorisation and use of explosives. It is primarily framed for use of explosives and fireworks in the general community but also has relevance for storage on mine sites. The Dangerous Goods (Transport) Act 1998; this act regulates the transport of explosives on public roads, but not on mine sites. The Mines Safety and Inspection Act 1994 (MSI Act); this act and supporting regulations deal with the full spectrum of occupational health and safety in the mining industry. There is a substantial section in the regulations dealing with the use of explosives at a mine site.DoIR has identified the need for security upgrades of the Government Explosives Reserves, the need to tighten security measures at mine sites, the need for improved security checking for licensed shotfirers and the need to restrict the availability of explosives to authorised people who have had appropriate security checks. It is also clear that we need restrictions on the sale and use of ammonium nitrate (AN). A number of additional security measures are being proposed and all proposals are being refined by ongoing industry consultations. These will be adopted into new explosives regulations in association with the new Dangerous Goods Safety Act 2002 (DGS Act). Government finalised the act in June 2004. The act remains dormant until new explosives and dangerous goods regulations have been prepared. When the DGS Act and a suite of regulations are proclaimed as a package, sometime between December 2004 and April 2005, the old legislation consisting of the current two acts, will be automatically repealed. It is also proposed that all explosive regulation, including those under the MSI Act will be consolidated in one place under the DGS Act for user friendliness.

Jan 1, 2004

By D T. Feinstein, M B. Gotkowitz

In Wisconsin, state laws and regulations governing metallic mine permitting stipulate that protection of groundwater quality be assured indefinitely through all phases of the mining project, including development, active mining, reclamation, and long-term closure. By rule, the Wisconsin Department of Natural Resources (WDNR) requires that permit applicants use a numerical model to assist in the assessment of compliance with this requirement for all proposed mine-waste facilities. As a part of the compliance assessment, model calculations are used to predict groundwater solute concentrations through time at designated boundaries for comparison to current groundwater quality standards. In practice, this modelling requirement has involved the application of numerical solute-transport models. Our review of a solute-transport model submitted by the developers of a proposed mine near Crandon, Wisconsin, provides us with an opportunity to assess the usefulness of transport modelling as a permitting requirement. Recent evaluations of solute-transport models by other workers suggest limitations in predictive accuracy. Our review of the model submitted for this project also identified important limitations due primarily to uncertainty in calibration of model parameters at the undeveloped site. The utility of any model to predict project compliance or non-compliance with numerical standards is limited by the range of uncertainty of key model parameters, such as dispersivity and porosity. Uncertainty in the future behaviour of the solute source(s) also reduces the predictive power. Moreover, the site characterisation provided by the model may have limited power to describe the site condition post-development. Although these inherent shortcomings accompany the use of solute transport models at undeveloped sites, the requirement for model development and the ensuing technical review has substantially assisted in our evaluation of site conditions and project design. Through this process we have identified elements of the waste facility design that are crucial to the environmental viability of the project, resulting in modifications to original project proposals. While results from this model review will be used to evaluate compliance, additional benefits come from the identification of critical design features that enhance groundwater protection.

Jan 1, 2003

By Jones A

Today there is a vast amount of information available relative to the performance of tunnel boring machines, and associated systems. The data referred to here consists of project reports, manufacturer's equipment literature and papers concerning almost every aspect of the excavation process. Why is it then, that many projects that employ full face tunnel boring machines (TBMs), on average perform significantly less than the peak performances reported in this industry?

Jan 1, 1993

By Chapman RL

A new process has been developed to remove the impurities copper, cadmium, cobalt and nickel from a zinc plant electrolyte by cementation on zinc dust. The process has been tested in the laboratory and in a continuously operated pilot plant. It has been found that cadmium, in the presence of small amounts of antimony in solution, assists the removal of cobalt. Cementation is conducted in two stages: the first stage for removal of copper with a small excess of zinc dust to produce a relatively high grade product, the second stage for removal of cadmium, cobalt and nickel by addition of zinc dust in the presence of anti- mony. The excess zinc and the cadmium present in the second stage cementate can be selective- ly recovered by slow leaching in spent electrolyte. Zinc dust processes in use elsewhere are described and compared with the present system for use in the Risdon circuit.

Jan 1, 1984

By Phillips D. N, Herbert H. K, Fletcher A. C, Lewis R. K

Quartzite is a common feedstock used for the production of silicon by reduction at high temperatures in a submerged electric arc furnace. Silica fume, formed as a by-product in this process, contains crystalline silica in the respirable fraction. The crystalline silica in the fume represents entrained quartz derived from unreacted quartzite raw material within the furnace. A knowledge of the fragmentation of quartzite feedstock, in response to thermal disaggregation in the furnace, is important in feedstock selection to help minimise (a) the amount of crystalline silica in fume, critical from an occupational health and safety perspective, and (b) impurity levels necessary to achieve the highest possible purity of product silicon. In this study, a series of quartzites has been assessed in terms of the above requirements and correlations drawn between mineralogical and chemical characteristics. Alkaline solubility correlates with grain-size and level of stored strain in the quartz matrix. Grain-size affects the surface area available for attack while stored strain enhances the chemical reactivity of the strained matrix as well as profoundly influencing the disaggregation and microfracturing characteristics of strained grains and, hence, available surface area for chemical reaction.

Jan 1, 1995

The Tregoora Gold Project is centred around the old Mitchell River Antimony Field located 100 kilometres west-northwest of Cairns, North Queensland. The project is currently the subject of a joint venture between Strategic Minerals Corporation N.L. and Hawk Investments Limited.Historical BackgroundThe Tregoora area was first prospected for antimony and gold around 1890. During the periods 1905 to 1914 and 1937 and 1944 approximately 100 tonnes of antimony and an unknown quantity of gold were won from a number of small mines the principal one being the "Retina". A strong increase in the demand for antimony in the early 1970's resulted in renewed exploration activity in the region and the re-development of the Retina Mine. Despite the intermittent interest in the region for antimony it was not until 1984 that the potential of the area for hosting gold resources was realised with the delineation by Strategic Minerals Corporation N.L. of a significant gold deposit now referred to as the Black Knight.

Jan 1, 1986

By McAuley T. J

Computer software is an integral part of mining operations today with many sites using six or more software packages on a daily basis. However, the use of these different programs generates the need for substantial staff training. The current trend toward large integrated packages to solve this problem is counter-productive because the relatively small companies producing specialised mining software do not have the resources to develop quality software with all the required features. Software standards are being proposed by various parties but recent history indicates these will be unsuccessful. An alternative approach is suggested using the various standards which have been developed for the Windows operating system.

Jan 1, 1995

With the use of 36 rock drills of the jackhammer type at the West Lyell Open Cuts of the Mt Lyell Mining & Railway Co, it is of importance to determine the economic as well as the physical life of these machines. With this purpose in mind records have been kept of the footage bored and the cost of new parts placed in each machine, and the following procedure adopted.A graph is plotted for each machine showing the footage bored as a horizontal line and at each 5000 feet of boring the total cost of new parts is noted on this line (see Figure 1). Thus at a glance it is possible to see the amount of work done by each machine and the money spent on it in new parts. However, it is difficult to visualise from this graph the increase in the cost of new parts for each machine as its life advances. To obviate this clifficulty a curve is plotted with the cost of new parts as the vertical component and the distance bored as the horizontal component.As before the cost of new parts are taken at each 5000 feet bored (see Figure 2).

Jan 1, 1994

The role played by lawyers in business has, in the course of the last 15 to 20 years, changed perceptively. This development has coincided with, and indeed has been a reflection of, the changing nature of Australian business, especially as the mining industry established its predominance in the Australian economy. The nature and extent of governmental regulation of business, too, has changed markedly. As a consequence, there has been a qualitative'change in the nature of commercial law practice. For the needs of business to be met, lawyers have had to develop specialist skills in new areas. Furthermore, there has been the emergence of the "in-house" lawyer, who increasingly plays a primary rather than a subordinate role in corporate law practice. There is no evidence to suggest that this trend, which is by now so well established, will prove to be ephemeral. Instead, with all indications pointing towards even greater governmental regulation of business activities, the intimate role of the lawyer in business seems entrenched.

Jan 1, 1980

Bakelite is fairly widely known as a suitable material for the mounting of ore specimens, concentrates and tailings for microscopical study, but has not as yet had extensive application. It is the most suitable mount for specimens which are to be held in the mechanical holder of a polishing machine, based on that described by J. W. Vanderbilt*, which is installed in the Geological Department of the Melbourne University.Bakelite products are prepared by subjecting bakelite powder to a temperature of about 1600 C. under a pressure of approximately two tons per square inch for a period of four minutes. The shape and size of the products are governed by the use of suitably constructed dies. When the concentrate or tailing is mixed with the bakelite powder, a briquette is produced which can be polished so that the opaque minerals in the sample can be examined microscopically in the same way as in a piece of solid ore. A simple machine for the construction of these briquettes has been described by Head and Slavin. It consists of a small four-pillar press in which the pressure is supplied by...

Jan 1, 1933

By Laird CH

Large quantities of brown coal are excava ted from open cut mines in the Latrobe Valley to fire the base load thermal power stations of the Victorian Electricity System. Most of the coal is removed using bucketwheel excavators which have been modified or specially designed for the conditions encountered. The actual digging efficiency of the bucketwheel excavator is strongly influenced by such factors as wheel speed, slewing speed and tooth design and arrangement. The coal deposit, although not difficult to work, is not uniform and the operation of the machine is influenced by the stability re- quirements of the excavation face.

Jan 1, 1978

The treatment of steels with acid solutions for the removal of oxide products represents possibly the largest outlet for chemicals in steel processing. Organic pickling inhibitors are required to prevent base metal attack by these acids otherwis

Jan 1, 1980

Timestudy analysis of mining operations at North Broken Hill Limited has been carried out by dissecting operations into small elemental components, and accurately timing these elements. Over a wide range of observations, this has enabled standard time values to be calculated for all underground work.The application of the standard values is in calculating performances as a measure of work output and Performance Controls are kept on approximately two-thirds of underground employees. Through the Controls it has been possible to stimulate supervisory action to improve low performance, and to reduce delays and lost time.The values are used to calculate contract" prices, and anomalies in previous prices have been adjusted on work values and not on arbitrary standards. In out-of-the-ordinary circumstances, the request for a timestudy investigation has been made by both operatives and foremen, and the contract set following the timestudy analysis has been to the satisfaction of both parties.The range of values enables contracts to be applied to work which was previously performed on a day basis, resulting in improved performance.A natural corollary of timestudy is the analysis of methods, and in some cases method improvements have been introduced.It is anticipated that further investigations will be made on methods.INTRODUCTIONIn 1953, a Timestudy analysis of mining operations at North Broken Hill Limited was commenced under the guidance of management consultants. Its aim was, to determine standard time values for specific operations, which would provide management with a measure of productivity beyond the existing measures of tons or feet of advance, and also to determine whether increased output was available under existing operating conditions.

Jan 1, 1956

By Jingcai Xu, Singming Gou

A sound mathematical model is an important step to predict spontaneous combustion probability so that measures against coal self-heating can be adopted in time and at comparatively low-cost. This paper analyses main factors in coal spontaneous

Jan 1, 1998

Information obtained from a reconciliation system provides fundamental indicators to an operations performance and is often neglected as a key performance indicator when developing a business plan or mining schedule. The cycle of exploration, ore definition, mining and processing within a company is constantly scrutinised both internally and externally as to the safety, environmental and financial performance of these activities with the operators judged on their performance on a periodic basis. However, it is not unusual for the reconciliation process to be given scant attention until a serious issue (usually a shortfall) occurs, at which point short-term solutions may be implemented which only serve to compound the original problem. A robust reconciliation system takes time to develop and implement initially and must continue to evolve with time. The best systems are those where all the stakeholders in the ultimate outcome are involved in the design and accept responsibility for the validity of their component inputs. Output from the reconciliation process can be utilised to fine-tune all aspects of an operation once the underlying issues leading to a particular result are understood.

Jan 1, 2002

By I Chan

The Wambo Rail Spur located near Singleton, New South Wales, Australia, runs for 14 km linking the Mt Thorley rail loop and running north-west alongside Jerrys Plain Road to the Wambo Coal Mine at Warkworth. A portion of the project is a 260 m long tunnel located where the rail line passes under Jerrys Plain Road. The tunnel has a low cover and is mostly within highly weathered to fresh laminated siltstone interbedded with coal seams, sandstone and conglomerate. This paper presents the design basis and construction methods used to achieve the 100 year design life of the tunnel required by Wambo Coal while also satisfying settlement and vibration limits imposed on Jerrys Plain Road. 

Jan 1, 2008