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Valuers will often intuitively express the probability that property value will exceed a certain amount . . . 'I think the chances that the value will exceed $50 million are excellent. The chances that they will exceed $80 million are poor'. This paper shows how it is possible to combine the uncertainties of the value of several key items to provide an estimate of the probability of a certain overall value being achieved. The valuation of a large copper/gold deposit was naturally influenced by uncertainties in the base assumptions of costs and metal prices. Potential acquisition of the property through share purchase raised the issue of what was a reasonable intrinsic value for the shares. Market considerations could be used to appropriately adjust the intrinsic value. After a range of possible metal prices and operating costs were determined, estimates were made of their probable distributions. By combining these probabilities in a random selection, a range of property values was calculated. Each value had its respective probability of occurrence. This allowed a most likely value of shares to be calculated. This paper demonstrates how the valuer's intuition is complemented by numerical analysis.

Jan 1, 1994

New Zealand is an exposed part of a sub- continent that was detached from Australia when the Tasman Sea opened in the Late Cretaceous. The pre-separation rocks occur in three main belts. A western belt or terrane was part of Antarctica, was continuous with southern Australian rocks, and was moved eastwards in the Mid Devonian. A central belt of Hokonui and Caples rocks can be correlated broadly with the Gympie Terrane of eastern Queensland. It was an island arc, fore-arc basin and accretionary wedge system, and it was accreted to eastern Australasia in the Mid Triassic. The third belt consists of Torlesse rocks and was possibly emplaced over the Caples rocks by at least three pulses of strike-slip, in the Triassic, the Jurassic and the Cretaceous. The three episodes of strike-slip can be correlated with regional events in eastern Australia. Pre-Cainozoic New Zealand was an amalgam of terranes that had moved eastwards from south of Australia and southwards from east of Australia.

Jan 1, 1987

The detailed work done by Stillwell and Edwards on the occurrence of cobaltite and safilorite-Iollingite at the South Mine, followed by its presentation as a paper to the Institute, calls for, a few notes on its occurrence elsewhere in the Broken Hill field. No massive cobaltite similar to that in the South Mine veinlet is known except from the Consols Mine (as mentioned in the paper). Fine grained cobaltite has, however, been found in low-grade ore from the North Mine. Microscopic grains occur in a mineralized green feldspar pegmatite. The feldspar has been replaced in part by graphite, and the cobaltite occurs in association with the graphite. In its hardness, pinkish-white colour, and resistance to the standard etchingqeagents it is similar to the South Mine cobaltite; it is etched by acid permanganate solution. An interesting feature of this occurrence is the way in- which some of the minerals (notably galena) have forced apart the graphite lamellae in crystallizing, forming lenses enclosed by the curved cleavage surlaces 0;[ the graphite.StillwelI and Edwards cite a note by G. Smitht for the statement that "cobaltite has been recorded from the Australian Broken Hill Consols Lode in the vicinity of the rich silver deposits, though not in contact with them."Smith, however, is here referring to the oxidized zone. Elsewhere in the same article he states "... a deposit of cobaltite in a very much altered condition was found. This was impregnated with silver, and assayed as high as 3,000 ounces," Of the cobaltite in the unoxidized zone, Smith simply states that it became rarer with depth.Cobaltite has also been recognized by Mr. H. F. Whitworth, M.SC., Curator of the Mining Museum, Sydney, in specimens from Burt's Copper Mine eight miles south of Broken Hill.

Jan 1, 1944

By Atalla YM

Steel rolling mill product finishing pro cesses gradually become or often already are unsuited for current production and marketing conditions. Indications are made as to what has been done to (i) rectify situations of this kind and, (ii) to reduce both product finishing time and costs. The principal features of two separate case studies are reviewed, these being (a) the finishing-end of B.H.P.'s Newcastle o.2 Merchant Mill and, (b) a mixed functions finishing yard and warehouses group (known as he Merchant Mills Loading Yard) which has been perating for a number of years. The areas in ach case are identified as a system while the arious functions, principal product streams nd processing equipment are respectively iden- ified as sub-systems and system elements. etails are given of the models used in each Sub-system dependency on the system as a le is traced by means of an information and ision analysis or by time studies and the sonableness of the system elements is deter- ed by computer programming or by simple com- ison methods. The-accumulated data is used derive improved mill finishing-end or Load Yard,functioning concepts according to pro- rules whilst at the same time considering

Jan 1, 1975

By A G. Thompson, E Villaescusa, D Howard

The Western Australian School of Mines (WASM) has developed a facility for the static testing of full-scale ground support elements (Morton et al, 2007). The test facility consists of several stiff steel frames used to support the sample and a screw feed jack is used to load the sample. A large-scale punch test method has been developed to load various shotcrete configurations. The shotcrete is sprayed on to a rock substrate containing a centrally located circular disc. The rock and shotcrete sample is placed on to the sample frame and restrained on all sides. The circular disc is displaced at a constant rate by the screw feed jack which in turn loads the sample. Instrumentation measures the displacement and the load being applied to the sample through the loading disc. The testing method is described in detail and the results from the testing program are presented. The results show that it is possible through laboratory testing to simulate some of the mechanisms of shotcrete support reactions better than conventional beam and panel tests.

Jan 1, 2008

Since the mid-1970s there has been increasing attention in the South Pacific area to the problems of disaster planning and management at various levels, mainly from regional through national to provincial levels. This concern has been expressed in a variety of ways. International aid donors have made their views known in commentaries or reports. Seminar discussions have been organised at the regional level (such as at Suva, 1976; Suva, 1979; Tonga, 1982 and Suva, 1983). In-country training workshops or meetings have been organised (such as the "Disaster Preparedness Workshops for Non-governmental Organisations" in Pacific countries, jointly run by the Australian Red Cross and the Australian Overseas Disaster Response Organisation and supported by AIDAB, in Vanuatu, 1985; Solomon Islands, 1985; Western Samoa, 1986; Fiji, 1987; Tonga, 1987; Lae and Port Moresby, Papua New Guinea, 1988) or held outside the area (ACDC at Macedon, 1981). Training and/or research institutions have been established such as the East-West Center, Honolulu, and the Asian Disaster Preparedness Center, Bangkok (more Asia oriented). As part of the East-West Center Pacific Islands Development Program's Disaster Preparedness Project, a detailed manual of disaster preparedness and response procedures and guidelines has been published (Carter, 1984).Table 1 and figure 1 show that the area with which this discussion deals is a highly fragmented island region, comprising many small, some minute, nations, both in land area and population. The social structure is predominantly rural, with the capital city often making up a small part of the total population and, in absolute terms, little more than a small town. Outside the administrative and governmental activities concentrated in the capitals, in most cases the indigenous inhabitants depend on subsistence agriculture or on usually a monocultural concentration on a cash crop, most frequently coconuts.

Jan 1, 1990

By T Davis

The 500 orebody in the upper levels of Mt Isa Mines in north-west Queensland was mined by sublevel caving and block caving from 1962 to 1969. The hot and reactive rock mass of this orebody provided significant mining challenges including ground temperatures above those resulting from the geothermal gradient. Recently Xstrata Copper has been studying the potential to mine this orebody by modern caving techniques. Part of the study process has included re-accessing the ore zones for diamond drilling and trial development. A cross-cut trial drive, the first primary development into the orebody in more than 30 years, encountered a temperature increase in development holes from low sixties to almost 80¦C in less than 10 m advance. The issues associated with managing this risk include sourcing suitable quantities of reactive ground explosives for a single small heading and the temperature limitations of the explosives and detonators. Risk management outcomes included controls to mitigate the safety and reliability risks relating to misfires. The control that dealt directly with the challenge of continuing development in elevated temperature ground was to cool the holes before and during charging. The most effective and practical cooling medium proved to be water. Rapid rock temperature recharge time meant cooling had to continue as close to firing as possible. Reticulation systems were constructed to allow cooling to take place up until withdrawal for firing. No misfires occurred with the cooling system and additional controls in place. This proved that developing safely and effectively in the elevated ground temperatures of the 500 orebody is practicable.

Jan 1, 2008

By Holcombe R. J, Dobos S. K, Little T. R

Blue amphibole-bearing rocks in the North D'aguilar Block of southeast Queensland occur either as relict pods and lenses within regionally extensive greenschist facies phyllites and schists or as blocks entrained in serpentinite-matrix melange. Epidote + crossite-bearing varieties predominate and formed under conditions consistent with underplating and high P:T metamorphism in a subduction-related tectonic environment. Neither lawsonite nor jadeite has been observed and metamorphic conditions are estimated at 380-4500C for pressures of 0.5-0.8 GPa. High P:T metamorphism occurred during the earliest stages of deformation and was superimposed upon protoliths of inferred Late Devonian - Early Carboniferous age, including mafic volcanics, tuffs and coarse volcaniclastic breccias as well as pelagic and henipelagic sediments, all of which have undergone varying degrees of over-printing to the greenschist facies. Greenschist facies metamorphism occurred during the second phase of deformation and was associated with the formation of mainly flat-lying or subhorizontal structures; it followed the cessation of subduction and occurred in response to either thermal relaxation during uplift or the imposition of regional heating induced by crustal thickening and/or synkinanatic granite emplacement. Uplift and cooling of the high P:T rocks was completed by 260-265 Ma and may have occurred in response to the same extensional processes which gave rise to the onset of rifting in the adjacent Esk Trough.

Jan 1, 1990

By J Bang, I-H Jung

Ti is an important constituent for steels and superalloys. During the continuous casting process and ElectroSlag Remelting process (ESR), Ti in molten steel and superalloy can have chemical reactions with casting flux and ESR slag containing CaO and CaF2. In order to investigate such exchange reactions, the understanding of the (Ca,Ti//O,F) reciprocal slag system is prerequisite. In the present study, a coupled phase diagram experiment and thermodynamic modelling of the (Ca,Ti//O,F) reciprocal system was performed. In particular, the phase diagram of the CaF2-TiO2 system was experimentally investigated by Differential Thermal Analysis (DTA) experiment and quenching experiments followed by Electron Probe MicroAnalysis (EPMA) phase analysis. The Gibbs energy functions of all solid and liquid phases in the (Ca,Ti//O,F) reciprocal system were optimised to reproduce the present data and all available reliable experimental data in literature.

Jun 19, 2024

By X Xia2, X Wang, G Liang, T Song, F Ma

Inertia cone crushers have found applications mostly in steel slag crushing operations in China. Compared with conventional eccentric cone crushers, the crusher has an obvious advantage in reducing product size. In addition, they are mostly used in two-stage open circuit crushing flow sheet, which simplifies the crushing process. However, inertia cone crushers are not widely used in the mineral processing industry due to their low crushing capacity. In this paper, the throughput performance of the inertia cone crusher was investigated in a laboratory-scale inertia cone crusher and relationships between operational parameters were identified. Iron ore was crushed using orthogonal experimental method under different machine parameters and operational conditions. The crusher throughput and product size distributions were determined. The effects of parameters such as eccentric speed, discharge gap, eccentric mass and eccentric distance on product mass flow and product size were investigated. The results of this study can help reduce the feed size of the mill in order to reduce total energy consumption of comminution.

Aug 24, 2022

By M D. Rosengren, G Gregor, M F. Young

Over the last 15 years the silver/lead/zinc ore treated at Mount Isa became increasingly complex and lower grade. Metal recoveries dropped dramatically, causing a serious decline in profitability. The ætraditionalÆ response of increasing tonnage to reduce unit cost was unsuccessful, since the additional tonnage was even lower quality ore. A major technical and capital program in the 1990s restored metallurgical performance, but business return was still too low and ore quality continued to decline. In 1996 a new, holistic approach integrated the steps of geology, mining, concentrating, smelting, and refining. Previous assumptions about æfixedÆ and æmarginalÆ costs in mining and processing were shown to be wrong. Detailed analysis showed that some ore sources were reducing profit. This led to a fundamental redesign and downsizing of both Mount Isa and Hilton mines. The result was dramatic increases in head grades, metallurgical performance and plant stability without any capital expenditure. The business is now smaller, but more profitable.

Jan 1, 1998

By L Soares, W T. Hennies, F Fujimur

Barra Bonita reservoir, located in the Sao Paulo State, Brazil, has been mainly used for local navigation and electricity generation to supply a prosper region in the country. Sand mining activities in that area have an important social and economic meaning for the local community. In this reservoir there are several sand mines that produce around 45 000 m3 of sand a month. These deposits were rich in material used as concrete aggregate in the civil construction. However, nowadays a significant increase in the demand of gravel can be observed, representing a serious productive problem. This material hasnÆt been well accepted by the market and, through the years, it was disposed at open sky in piles as waste deposits. This deposits have caused environmental problems like visual impact, reduction of free spaces outside and inside the mine, source of material to erosion and sedimentation processes in lower areas, flooding as a result of the filling up process in the drainage system, among others. For a lack of an appropriate technological characterisation, this material have been mainly used to pavement internal and external areas in the mine, with lower cost associated. With the purpose of evaluate the usefulness of this material in the conventional concrete, there were conducted several tests in the disposed residue including petrographical, physical, and chemical characterisation. The petrographical analysis and the preliminary results of the study showed that the material reacts with the alkalis that are present in the conventional cement (CP-II-E-32). In order to make the application technical and economically possible a research was developed seeking forms to correct this characteristic by adding special cements with high pozzolana content. The results of the technological, physical and chemical characterisation of the products indicated the technical viability of the use of that material. The study also allowed projecting environmental improvements resulting in the elimination of the waste piles.

Jan 1, 2003

By T Berryman

The Fimiston reserve is being depleted at the rate of one million ounces per year; most of which is processed by the Fimiston plant, with the remainder being stockpiled. As for most other large open cut mines around the world, Fimiston has an excellent dispatch and tracking system. Reconciliation is used to determine how the various models used in mine planning (such as a reserve, budget and schedule models) are tracking against production. It is also used to gauge the performance of grade control estimation against production; however, analysing the results of this can be complicated and, at times, misleading. The reconciliation process involves adjusting the monthly production data to equal the mill reported tonnes and grade, plus the change in stockpiles. This adjusted number is then compared to the grade control reported tonnes and grade, the scheduled model (monthly planning model) tonnes and grade and against budget (Reserve) tonnes and grade. This paper includes explanations of all assumptions made in the reconciliation process, including the end of month closing stocks balance, the application of adjustment factors to the dispatch data to create a new balanced set of production data and the monthly sign off to comply with the Sarbanes-Oxley requirements of the North American owners. The reserve is reconciled by proved and probable classification. This tool is used to assess the robustness of the classification scheme utilised and identify any reconciliation issues as they arise. Within the Fimiston deposit there are still issues that are clouded by the assumptions made concerning the scale of observation, poor data support and the mining of the narrow lode areas of the deposit. The declared ore mined (DOM) number (which is defined in the paper) can be significantly affected by these assumptions, and these need to be clearly stated and understood when looking at the reconciliation data. The DOM tonnes and grade is a good indicator of real mine performance as it adjusts mined tonnes and grade to take into account the milled tonnes and grade each month, and prevents cumulative errors from building up in mine predicted dispatch numbers or end of period stockpiles. This number allows monthly monitoring of the mine to mill performance and allows valid comparisons to be made back to budgets and reserves over a period of time. KCGM uses three month rolling averages to monitor performance against reserve and budget models. This ensures that monthly distortions in the figures due to stockpiling issues or over mining in a particular period do not lead to false conclusions. Reconciliation performance over a longer period (12 - 18 months) is used to adjust reserve models should significant variance be observed. By closely monitoring the reconciliation performance at the Fimiston operation, fine tuning of all aspects of the grade estimation process from reserve through to grade control can be made. This allows the most accurate data to be used when planning from reserve data for the Life of Mine Plan through to grade control data for short-term mill feed.

Jan 1, 2006

Mathematical economic models for assess ment of technological progress in the mining industry in the USSR are discussed. The models are based on a simple index, TT which approxi- mates the rate of growth of the people's living standards. However, for application in the mining industry it is necessary to incorporate various parameters to account for the dynamic charges in the geological, mining and other technological conditions. Derivations of the models are shown and examples of results are Included.

Jan 1, 1977

By D Horacek, I K. Sheppard

Ok Tedi is in a period of transition. By 2008 mill feed will consist of higher levels of high-grade but metallurgically challenging skarn ores. Additionally, the Taranaki pit will start production in 2008 along with the start-up of a new pyrite concentrator. Taranaki ores are very high in sulfur. Sulfur is captured in a pyrite concentrate prior to tailing entering the Ok Tedi River. These and other complex scheduling issues will need to be resolved over a critical three-year period. With these requirements in mind, Ok Tedi contracted AMC Consultants to develop a custom version of the Life of Business Optimisation System (LOBOS¬) to assist medium-term production scheduling at Ok Tedi. LOBOS utilities enable Ok Tedi planning engineers to:import polygon-based reserve data (Blast Masters) from MineSightÆs Interactive Planning Tools (IP Tools); graphically construct block sequencing and material flow constraints; edit constraints defining standard scheduling, processing and financial relationships; define dump and stockpile attributes; and assign capacities to production systems, plants, dumps and stockpiles. LOBOS converts Ok TediÆs production scenario into a mixed integer program (MIP) and submits the resulting model to IlogÆs Cplex MIP Solver. The Solver seeks an optimal production schedule that maximises net revenue per mill hour while meeting all constraints. This paper introduces Ok Tedi and its production requirements and relates these requirements to the facilities developed for an Ok Tedi version of LOBOS.

Jan 1, 2007

The brown coal resources of the Latrobe Valley, which include over thirty thousand million tons of coal suitable for open cutting, provide the main source of fuel for the power generation for the State of Victoria. They also provide the basis for the development of a supply of cheap hard fuel for industrial and domestic use, and for the development of the Lurgi process for manufacture of town gas for most of the State. The production of hard char for metallurgical processes and liquid hydro carbons will each, no doubt, play its part in the industrial growth that will be based on these resources.The State Electricity Commission of Victoria, which has been allocated the task of developing these deposits since the early 1920's, is faced with problems of economic selection of deposits for development, and excavation and transport of huge tonnages of coal and overburden-in this year, 19'59, about 12,000',000 tons of brown coal will be won, and over 7,000,000' cu. yd. of overburden will be removed in the four open cuts operated by the Commission; by 1967, eight years from now, the demand will have doubled.This paper deals with the nature and importance of various factors effecting the planning of the development of these resources. It is in essence an introduction to the papers by C. S. Gloe, H. C. G. Rodgers and J. M. Alexander, also being -presented at the Institute conference in Victoria in August, 1959.INTRODUCTIONIt is the intention in this paper to define the factors that come under consideration in the planning and development of the brown coal fields in the Latrobe Valley, whose exploitation by the State Electricity Commission of Victoria was initiated almost 40 years ago. It is proposed to enumerate, and in sorile cases evaluate, the physical and economic criteria that play their part in determining planning for the future.

Jan 1, 1960

By M Ljunggren, M Lundh

Dissolved air flotation (DAF) in wastewater treatment as a separation process of submillimetre biological flocs is based on the generation of bubble/floc aggregates. DAF is a complex process but has got advantages, such as allowing a high hydraulic load, compared to sedimentation. A thorough knowledge of the physics of the DAF process is, however, still lacking. This paper will present results of experimental studies on three aspects of significance to the separation process û the flow structure in the flotation tank, rise velocities of aggregates, influence of floc size on the separation efficiency. Flow structure. Measurements were performed in a pilot plant mapping and visualising the velocity field. The dispersion water (bubbles) had a decisive influence on the flow structure due to the effect of the bubbles on the bulk water density. Stratified conditions with a less dense, bubble-containing upper layer and a clear water, denser bottom layer were important for a good separation. A simple model of the stratified flow structure was elaborated making it possible to interpret the function of the aggregate rise velocities. Bubble/floc aggregates. The dynamics of single flocs, bubbles, aggregates were visualised using a borescope + CCD video camera + digital recorder + image analysis. Sequences of video frames made it possible to determine the rise velocities of the single aggregates. These velocities were found to be in the range 1 - 9 mm/s with a tendency for large flocs to have higher rise velocities. Separation versus floc size. The floc size distribution was measured in the DAF process. Data from three different DAF cases showed, that large flocs (> about 100 ¦m) were entirely separated, whereas small flocs experienced a less good separation. It was, moreover, found, that a very significant separation of flocs took place in the very upstream end of the separation zone in a pilot plant case.

Jan 1, 2005

By L Vimercati, R Williams

Transitioning to a green future requires the mining industry to adopt sustainable practices. Filtered tailings are become a key expectation of the communities we operate in and are growing in a number or mining commodities including bauxite, nickel, gold and iron ore. The filtration technologies required range from dewatering screens to vacuum and pressure filters. Particular challenges faced in iron ore applications include large scale which means several units of large size are often required. In addition, a high specific gravity that cause sedimentation issues and a high abrasion level make demands on achieving reliability level at above 90 per cent. This paper describes the testing, selection criteria and specific features required to provide a rational option for equipment and plant design. An example of how this has been applied in an iron ore application in Brazil is used to demonstrate a successful outcome. This project installed four overhead beam filter presses each producing around 200 t/hr utilising a recessed chamber plate, feed pressures up to 15 bar, cake thickness of 5 mm. The moisture lower than 20 per cent that was produced was considered to provide material with handling and geotechnical properties to guarantee a safe stacking. Regular high pressure washing at 100 bar was considered imperative to maintain cloth life and process performance. The correct management of the system (OPEX control) by PLC control ensures a balance between machine potentials and plant needs. With this equilibrium it is possible to limit mechanical wear preserving equipment lifetime.

Sep 18, 2023

Esso Australia Ltd. operates a large natural gas producing system in the Gippsland Basin, supplying gas to the Gas and Fuel Corporation of Victoria, the State Electricity Commission of Victoria and several industrial customers. Gas reaches the Longford processing plants from three offshore platforms via a network of large diameter pipelines, which must be protected against the formation of ice-like hydrates. When gas production commenced in 1969, methanol was used to inhibit hydrate formation in the offshore pipelines. However, later investigations showed that the methanol was causing excessive degradation of molecular sieve in the onshore gas-processing plants. (Molecular sieve is used to remove water and H2S from the gas prior to further processing to remove heavy hydrocarbons.)

Jan 1, 1982

The light microscopic study of the physical structures of coal and associated mineral matter is an important technique in providing information on the characterisitics and possible behaviour of coals in industrial processes. However the ultrafine nature of coal and mineral particles together with the limits of resolution of the light microscope restrict such studies. Scanning electron microscopy (SEM)with its better resolution and higher magnifications is the means by which further information on coal properties can be obtained. An associated energy dispersive X-ray specrometry (EDS) method allows non-destructive in-situ chemical analyses to be carried out at the same time.

Jan 1, 1989