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By G A. Davis, D G. Laughton

The great variability of mineral and energy prices has motivated some governments to incorporate a windfall profits tax into their mineral taxation regimes. Windfall profits taxes are a means for governments to capture additional mineral revenue when mineral prices are considered higher than some historic level. Governments need to be aware of the effects of such contingent taxes on the exploration, development and operating decisions of mining companies. Mining companies need to be able to calculate the full impact of windfall profits taxes on the economics of their projects. This paper examines the valuation of a multi-phase copper-gold project in the presence of a windfall profits tax. Real options Monte Carlo simulation is used to characterise the different exposures of the mine owner and of the government to the risky cash flow streams that they receive from the project. The results highlight that Monte Carlo simulation paired with the real option valuation method is able to account appropriately for the differing risk exposures, while the traditional discounted cash flow valuation model is not. Our key conclusion for governments and mining companies is that the impact of contingent tax and royalty terms can and should be assessed using advanced valuation techniques, and the results used to improve contract designs under the constraint of actual and perceived fiscal system stability.

Jan 1, 2007

By Huber A. L

Research and development into alternate gold and precious metals adsorbents has resulted in the development of a new technology named the AUROSAVE adsorption process (ARGOSAVE'" for high silver con- tent ores). Adsorbents called VITROKELE'" can be tailored for either Gold I (cyanide leach) or Gold III (halide leach) applications. VITROKELE consists of a chemically synthetic adsorbent carried on an inert substrate, often a polystyrene bead. It is suitable for both in- pulp and in-solution use. VITROKELE adsorbent offers certain advan- tages over both carbon and ion exchange resin adsorbents. This paper describes testwork on Australian ores and commercial solu- tions obtained from operating Australian plants demonstrating the kinetic loading characteristics, elution methods and other operating parameters of VITROKELE adsorbent in the cyanide system. Brief reference is made to VITROKELE in the Gold III system.

Jan 1, 1988

The South Mine, property of Broken Hill South Limited, is situated at Broken Hill, NSW, Australia, towards the southern end of the main lode. The leases (MLs 7 and 8) cover a length of 2400 feet along the lode outcrop and the workings extend, at this date, to a depth of 1940 feet below the collar of the original main shaft and to 825 feet below sea level. Mining operations have been continuous for about 58 years and during this period nearly 12.5 million tons of ore have been mined. The monthly tonnage extracted approximates 30 000 tons in normal times.The ore is a mixed sulphide containing galena and marmatite; the gangue minerals are principally calcite, rhodonite, quartz and garnet. A typical assay for a monthly period is 14.4 per cent Ph, 5.6 ozs Ag, and 11.6 per cent Zn. The whole of the ore is concentrated on the property by combined gravity and flotation methods. The lead and zinc concentrates produced are railed to other centres for the extraction of the contained metals.

Jan 1, 1994

By Hendrix JL, Nelson JH

Three ores (sulfidic, oxidized and carbonaceous) were analyzed to determine the effects of leaching time, ore depth, and ore mineralogy on cyanide species concentration. NaCN solutions were percolated through opaque columns filled with milled ore. Column design made liquid sample collection possible from various depths at specific times. The concentrations of weak acid dissociable(WAD) and total cyanide, Fe(CN)63 , Fe(CN)64 , SCN , and Cu(CN)43 were determined for each sample. Extended percolation time led to increases in WAD cyanide concentra- tions and decreased SCN and Cu(CN)43 concentrations regardless of ore depth. WAD cyanide concentration decreased while Fe(CN)64 concentra- tion increased with ore depth. Highest concentrations of Fe(CN)64- SCN and Cu(CN)43 were found in the sulfidic ore, with expected low WAD cyanide concentrations. Lowest concentrations of Fe(CN)64 , SCN 3 and Cu(CN)4 were found in the oxidized ore. Intermediate concentra

Jan 1, 1988

By Gang L

Seventy-nine gold deposits and prospects have been discoveried in the Jiamusi region of northeast China, and constitute one of the most important gold metallogenic belts in China. All these endogenic gold occurrences can be subdivided into three main deposit types: (1) porphyry related; (2) metamorphic-intrusive hosted, and (3) sediment-hosted deposit. The first two types of gold deposit are spatially and temporally related to Mesozoic Yanshanian granitoid intrusions with hydrothermal activity channelled along crustal-scale fissures. The ultimate cause of the Yanshanian magmatism is considered to be the subduction of Pacific oceanic lithosphere beneath the Eurasian continent. In contrast, The chemical sediment-hosted deposit is typified by the Dongfengshan gold deposit, and genetically related to Proterozoic sedimentation and Mesozoic igneous activities.

Jan 1, 1995

By I Ametov, G Levay

It is now common practice to use substantial amounts of recycled water in mineral processing plants to minimise both environmental discharge and withdrawal of fresh water from often limited water resources. Recycled water additions to process water are frequently obtained from sources such as tailings dams, tailings thickeners and concentrate dewatering. It has been suggested for some time that addition of recycled water to process water will impact the quality of the process water and that changes in water quality may influence flotation performance. To date, investigations of process water quality changes as a result of water recycling have been limited and as a consequence there are very few data available to substantiate these ideas. Thus the impact of recycling on process water quality remains largely unquantified. Over recent years we have conducted water quality studies at a number of mineral flotation plants with varying degrees of water recycle. This paper describes the results of these investigations, including data which suggest that build up of salinity due to recycling while it occurs, is reduced by fresh water make-up. The fate of flotation reagents such as collectors, promoters, frothers and flocculants during process water recycling has also been investigated. Results show that process water concentrations of these reagents vary from plant to plant, but that, with the exception of frothers, most reagents are generally removed from the system through mineral adsorption. In general, the results of these investigations suggest that recycling process water will not result in continuous increase in solute concentrations as appears to be the commonly held view.The effects of changing water quality on flotation can vary. In many cases, flotation conditions can be optimised to suit the water quality, while in others, treatment of the water may be necessary to obtain acceptable plant performance.

Jan 1, 2009

By Bure R

Approximately 2.4 million ounces of gold and 11.3 million ounces of silver have been produced from the Umuna Lode by Misima Mines Pty Limited between June 1989 and the end of Decemeber 1996. Reserves remaining at the end of December were 32.1 million tonnes at 1.0 gram per tonne gold and 9.7 grams per tonne silver. To attain precious metal production of this volume, an estimated K60,000,000 (1996 Kina) was spent on exploration alone. from the 1940s to the present day. Exploration expenditure for the 1996 calendar year was approximately K4,400,000. With such a large investment in exploration, large quantities of data were generated and stored in various forms. To make best use of this data, it was necessary to organise and systematically store this data in a form compatible with a modern Geographical Information System (GIS). The Umuna Lode on Misima Island is a low sulphidation gold- silver deposit dated at 3.5 ¦ 0.2 Ma. The deposit is controlled by the 50 to 100 metre wide Umuna Fault- a moderate dipping, brecciated clay- chlorite- carbonate altered, normal fault zone. There is approximately 230 metres of mostly dip slip offset on this fault, which is measurable by the offset of the Cretaceous schist, marble and greenstone host sequence. Late Miocene microdiorite spatially related to the Umuna Lode does not appear to be genetically related to the gold- silver mineralisation. GIS was introduced to Misima at the end of 1995 and until recently has been mostly used for data storage and retrieval, the over- laying of various data sets to assist in targeting prospective areas, and as a drafting tool. The use of data-driven, predictive data analysis is the most recent effort in maximising the use of the extensive Misima database. By characterising the key controls and properties of the Umuna- type mineralisation, a Weights of Evidence, data-driven analysis produced a prospectivity map of Misima Island. The purpose of this map was to identify prospective areas yet to be explored and to assess the effectiveness of exploration to date.

Jan 1, 1997

By R Kahnt, S Jahn, D Baacke, M Eckart

Relocation into the Lichtenberg open pit mine of about 110 million m3 of sulfide-bearing and ARD-generating waste rock piled up on the surface is the most important and cost-intensive single surface restoration project conducted by WISMUT GmbH at the former Ronneburg uranium mining site. The waste rock comprises for the most part Palaeozoic shales, limestones and diabases with pyrite contents of up to seven per cent. Waste pile relocation began in 1992 and is scheduled to be completed by 2007. The approach used for relocation has been extensively described elsewhere (Jakubick et al, 1997; Hockley et al, 1997; Chapman et al, 1998; Paul, 2003). Following completion of the backfill that will be up to 60 m above the initial ground level, a dry cover will be placed on top of the backfilled mine wastes. The area to be covered amounts to about 220 ha. Design planning for the final cover placement of which is to begin in 2004 had to be based on a comprehensive cost-benefit analysis over and above compliance with legal requirements. The crucial question to be answered in this respect was to determine û in addition to the expenditure required to ensure reuse, radiation protection and soil protection û the extent to which additional time, effort and money were justified in order to minimise contaminant release from the unsaturated portion of the backfilled pit contributing to total releases into the ground water and possibly achieve savings in long-term operating costs for the on-site water treatment plant. Optimisation was based on contaminant balance modelling for the entire site reproducing dominant physical and geochemical processes. Among the specifics underlying the cover design is that contaminant release from the backfilled open pit must not be considered independently of that from the adjacent flooded underground mine and that a major part of the backfilled open pit will also be submerged. Following weighing of cover-related short- and long-term costs it was found that higher construction costs for the various cover options will not be offset by cost savings in the long-term water treatment. As a consequence of pit flooding, even a costly multiple cover including an impermeable layer will only insignificantly impact on concentrations and loads at ground water spill over points. As a result of comprehensive studies and investigations, a combined cover of cohesive soil material from on-site excavation overlain by a 0.4 m thick storage layer to restore natural soil functions for revegetation was derived and submitted for approval. Together with hydraulic measures, this approach is to meet any requirement in terms of radiology, water protection, stability, erosion protection, and reuse.

Jan 1, 2003

Over the last ten years geological and mining software products have evolved greatly. Software companies developing such products have focussed almost exclusively on the development of technical aspects of the applications, addressing geological, ore reserve estimation and mine planning problems. These specialist applications, and the many other new technologies that are being developed by a myriad of niche developers, are an essential part of todayÆs hi-tech mining operations. Technology is also being used in many other areas to improve the mining process and there is no doubt that tremendous advances are being made in all these fields. Yet there is something missing. The manner in which the technologies are used and implemented has led to the creation of many independent and inefficient æislands of technologyÆ where a variety of products from different vendors are used to address different, but related problems. Problems occur with unreliable information, data duplication, data redundancy and transferring data between applications that may be incompatible or even run on different computer platforms. These problems impede the flow and availability of information and hamper day-to-day decision-making by mine management. A solution to this problem is to take a holistic view of all the various technical applications and incorporate them into a single information technology solution. This solution must encompass all of the information requirements of a mining operation and must provide facilities that address much of the modern thinking about mine management, including strategic mine planning, value management, key performance indicators, and maintenance of a mineral balance sheet. Gemcom is developing an Integrated Resource Asset Management System (IRAMS), which is an enterprise-wide integrated computer system that encompasses various applications typically found at a mining operation. The core component of the system is a common, open, industry standard database that can be shared by many users from each of the different departments at a mine. Around that central repository are the primary applications that provide the mine with information it needs to operate. Ensuring that the information is reliable, accurate, shareable, timely and consistent will eliminate many inefficiencies, and provide significant benefits to mining companies. In turn these benefits will lead to significant improvements in decision-making, productivity and profitability for the operation. The initial version of the IRAMS system is currently being implemented at the De Beers Venetia Mine in South Africa. The system is being built around a core repository using the Microsoft æBack OfficeÆ architecture, and incorporates key technical applications from Gemcom, Whittle, De Beers Technical Team, Wenco and JKTech. The benefits of enterprise-wide systems have long been recognised in the commercial arena and enterprise resource planning (ERP) systems such as SAP, JD Edwards and MIMS are becoming commonplace in the mining industry. The more forward looking software developers and mining companies realise the need for efficient management of the information gathered during the mining process and can see that the concepts used in ERP systems apply equally to the technical applications as they did to commercial applications. The use of IT in the mining industry has expanded tremendously over the last five years as enabling technology and management acceptance has become more prevalent, and there is considerable room for dramatic growth over the next five years. The evolution of geological and mining software has now reached the stage where mines will yield the greatest returns by integrating the applications used in each area of their operations.

Jan 1, 1999

Claiming the Green Revolution - Protecting Investment in Green Mineral Processing

Sep 13, 2010

By R Cooksey

The Globe-Progress Mine is an open pit gold mine that is part of the larger Reefton Goldfields deposit located on the West Coast of New Zealand. The regional geology comprises a series of north to south oriented fold structures that have undergone post-deformation mineralisation. The structural geology within the mine itself is more complex, with major shears hosting numerous high-grade mineralised quartz shoots and splays that have been historically mined.The selective mining of ore within the pit is challenging due to the orientations of the hanging wall and footwall areas of the main Globe shear zone, the lithologies of these areas which range from highly brecciated and sheared material to competent mineralised host rock, and in the hazards presented by the numerous old historic underground workings. The coordination of drilling, modelling and excavation of the ore requires careful planning to maximise recovery whilst operating with the pit design boundaries.Grade control packages are custom designed to reflect the orientation of the footwall and hanging wall mineralisation. The shear material in the footwall zone dips between 60° and 70° and requires angled drilling whereas the footwall mineralisation is contained in shallow dipping quartz veins sub parallel to bedding and can be vertically drilled to best intercept the mineralisation. Ore excavation is directed so that the contact between the footwall and hanging wall is mined in the correct direction so that any non-visual ore contacts can be safely mined and that the ore-waste dilution is reduced.The ongoing grade control and selective mining of the Globe Progress deposit continues to deliver high grade ore for processing by ensuring that waste and dilution of ore is reduced and that recovery is maximised.

Aug 22, 2011

By Cocks T

The 15-year long debate between the industry, Government and Aboriginal people about the rights and wrongs of Land Rights, the right of Aboriginal people to control development on their land and the relationship between the parties, has been long and often bitter. It has so far been a war of words and often the truth has been the first casualty. This paper looks at the debate and presents the perspective of Aboriginal people, as well as looking at how the industry and Aboriginal people can work together for everyone's benefit. It addresses such matters as: ò why Aboriginal people believe they have the right to control development on their land; ò the perception that Aboriginal people are anti-development; ò the perception that Aboriginal land is 'locked-up'; and ò how companies can negotiate with Aboriginal people.

Jan 1, 1994

By C Gourdon

The present study concerns a new type of mixer-settler unit where coalescence is promoted by means of the phase inversion method (MSPI). Using two different systems (alkaline etching solution û LIX 54 in kerosene and acidic aqueous solution û LIX 984 in kerosene) the influence of the total flowrate, the A/O phase ratio and the hydrodynamic conditions in the nozzles of the scattering device on the extraction and separation efficiencies are studied. Two modes of operation are clearly outlined and a theoretical model predicting the separation efficiency is proposed and compared to experimental results. A comparison between mixer-settlers with classic decanters and the MSPI unit has demonstrated the advantages of the latter where throughputs in the range 20 -25 m3.m-2h-1 can be easily realised.

Jan 1, 2000

By Marshall K. I

THE problem of satisfactorily eliminating the fumes and dust which are unavoidably produced in various metallurgical and manufacturing industries is one which has received considerable attention in the past, and has been the subject of much investigation and research. The solution of this problem was urgently desired for two reasons, the principal one being the fact that a considerable percentage of the total process losses in many industries was represented by the commercial values of the fumes and dust that escaped from the stack.The other reason is that, in some instances, the emission of the matter is regarded as objectionable. Various methods have been designed with a view to solving the problem thus presented, and the latest development that has beendesigned is the process of electrostatic precipitation. Continued investigational and developmental work with this process has already demonstrated its applicability to many industries, and new uses to which the process can be put are being opened up. Its use is already widespread, and the economic success that has attended its application in most instances would indicate that its use will become more general in the future.It has proved its ability to treat gases over wide ranges of temperature, and has successfully handled various types of fumes whose chemical characteristics differ very considerably. In many processes it has now come to be regarded as standard equipment.HISTORY OF ELECTRICAL PRECIPITATIONThe first recorded observations on the influence of an electrified insulated wire on gases containing solid particles in suspension was made as early as 1824 by Hohlfeld, in Leipzig. He found that, if he electrified a wire hung in a bottle filled with smoke, the smoke cleared rapidly, and a deposit formed on the sides and bottom of the bottle.

Jan 1, 1923

By Smallnone P, Walker B

Mining of the AKI lamproite pipe at the Argyle Diamond Mine (ADM) commenced in 1985. Originally designed to mine ore at a rate of 3.6 Mt per annum, the project has gone through two major plant expansions to a designed production rate of 8.7 Mt

Jan 1, 1998

By M Ogle

"Booster fans are relatively rare in Australian coal mines. However, as mines become progressivelydeeper it is likely that such fans will be increasingly adopted as a method to sustain or improve the ventilation of underground workings. The reasons why booster fans may be an att ractive alternative include: increased cost of sinking additional ventilation shafts with greater seam depths; environmental objections to shaft sinking projects; and increasing urbanisation and surface constraints limiting availability of potential ventilation shaft sites. As Tahmoor Colliery movedinto its northern lease the ventilation constraints became the limiting factor on production. Thelimitations of the old workings meant that the existing ventilation system would be inadequateto sustain the required production. Extensive ventilation modelling was carried out to evaluatevarious potential solutions and the recommended option was the installation of a booster fanor fans, to gain underground access to an already approved shaft site in the northern lease.Proposals were sought from recognised fan manufacturers and various alternative arrangements were tendered. Ultimately the choice was between one large centrifugal fan and a set (three or four) of smaller æauxiliary-likeÆ fans in parallel. The successful tender was for a single centrifugal, an arrangement very similar to the booster fans that have been operating eff ectively at Westcliff Colliery for a number of years. This paper describes the current ventilation network, evaluation of the ventilation options, the fan selection process, and the project status to date."

Jun 1, 2012

By M Chappell

This paper describes the design of the steel fibre reinforced precast concrete (SFRC) segmental lining for the intake and discharge tunnels for the Gold Coast desalination plant in Queensland. In addition, the key design requirements and design methods for the lining of these 2 km long, 2.8 m internal diameter tunnels, including structural, durability and maintenance requirements are discussed. Details of the segment configuration and erection process are presented along with information on the manufacture and trial testing of the concrete for the segments. The paper also gives a brief introduction to steel fibre reinforced concrete behaviour. Construction of the tunnels commenced in April 2007, and the authors believe this is the first application of this technology in Australia.

Jan 1, 2008

By Brown D. N, Troth D. A

Large blast furnaces demand high standards of preparation of feed materials which must meet tight specifications of chemical and physical quality. Measurement of these factors must be expeditious but the nature of the coke, sinter, ores and fluxes and the large tonnages involved requires substantial mechanical sampling plant. The equipment, its operations, and its problems, associated with the 5000 t.p.d. No.5 blast furnace at Australian Iron and Steel Pty. Ltd., Port Kembla, are described and the efficacy of chemical blending achieved in the ore blending yards and sintering operation, is reported.

Jan 1, 1976

Computer modelling is being used to simulate rock fracture, caving and stress redistribution about longwall panels with increasing confidence. The models are being assessed against field monitoring and have significantly increased the understanding of caving mechanics within the overburden. This paper discusses the modelling approach and provides some examples of its application to overburden damage and induced hydraulic conductivity. Computer models used in this study simulate the fracture process in the geological units throughout the overburden. Analysis of the mining induced fracture patterns and in situ joint patterns allows an estimation of the hydraulic conductivity within the overburden. The cubic flow relationship has been used in the examples presented.

Jan 1, 2005

The society in which we live is one of change, and we professionals are part of that society. The importance of this simple and obvious statement is often overlooked. My Presidential Address examines the question: can professionalism survive in our changing society?There is ample evidence to show that our society is changing, and that the rate of change is exponential. This rapid and accelerating rate of change is what Alvin Tomer refers to as "future shock". Rapid change means that we do not have time to become accustomed to what is happening around us and to feel comfortable with it; the greater the rate of change the greater the discomfort. The effect that this has on people is varied; the change may be either expected or totally unexpected.The rate and extent of change in society is not the same for all countries nor for all industries or occupations. Change is more rapid in Japan, Korea or Taiwan, than in Australia. It is more rapid in our cities than in the bush, more rapid for professional businessmen than for farmers. In our minerals and petroleum industries, we are still adjusting to the great changes that have taken place over the last fifteen years. In the past, products from our industries were sold on a free and open market. Today, mineral development and production in most undeveloped countries and some developed countries is manipulated for political, social and economic reasons. Changes of this nature have had a devastating effect on the operations of established mineral producers in the democracies.Because of the accelerating nature of change, we must recognise that the past is not a reliable guide to the future.Although extrapolation of the past into the future is a basic ingredient of commercial survival, extrapolation is less and less reliable.I borrow from others in quoting the Irish proverb: "The future is not what it was".The future is where our business lies and most of us at this Conference must endeavour to understand it and adjust to it. I believe in the old adage that:You can't know where you're going if you don't know where you've been and where you are at.There are a number of major factors which have created change within our social, economic, and industrial environment in recent years.

Jan 1, 1985