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The paper reviews recent valuations of mineral properties, many of which are at an early stage of exploration. The various methods used are outlined. The problem of comparing, in terms of whether it is fair and reasonable, a highly subjective opinion of the present value of a portfolio of exploration tenements with a vendor consideration, the real value of which, in most cases, lies at some indeterminate time in the future because of the application by the Australian Stock Exchange (ASX) of escrow conditions, is highlighted. Examples are given of some of the questionable logic used by consultants in handling this difficult issue. A proposal for revision to current flotation and listing practice which, the author believes, would circumvent the problem and at the same time provide better protection for the investing public is offered for Consideration.

Jan 1, 1994

To enable AN-FO .tòo' be used on an equal .weight basis wish Nitro Gl reerin.e expl3oòsives r smaller diameter bore holes became necessary With consequent modifications to drill steel and burden on holes, De't'onation of AN-FO "in small diameter holes proved successful' both with 'and without primer charges but some altorat-ions were required to. adopt Anolodeòr.s to the smaller -holes, Important factors in training all operators In the new charging method were the retention of imp-,cved, fragmentat'ion, avoidance of excel ive ove:break and keeping wall rock dilution 'to an absoluato mi. iArurle ò The ò successful storage of Ammonium 14t-rate in c"!ime.tic conditions 'with daily'.-' temperature fluctuationc above and below the critical' 90¦F, has. been "achieved,

Jan 1, 1964

The development of the Australian uraniumindustry over the last decade has been subjectto socio-political controversy, but the industryis now beginning to emerge onto the world scene.The socio-political controversies which haveexisted over developing Australian uranium arediscussed and suggestions put forward as topossible changes in the relationship of themining industry to the pplitical and socialstructure of Australian Society.The rate of growth in energy consumptionis considered and on the basis of a growth rateof 3% by the year 2000 the world will beconsuming twice the amount of energy that itdoes today. It is anticipated that the growthin generation of electrical power will begreater than the growth rate fQr energy.The dominant part played by coal and nuclearpower in the generation of electrical power isdiscussed. Nuclear power at present, contributesabout 4% of the world's electricityrequirements and by the turn of the centurythis could be nearer to 30%.

Jan 1, 1981

A major problem with many items of underground equipment is that they have either been converted or adapted from surface equipment, or that they have been designed and assembled in comfortable offices and factories with adequate lighting, specialised tools, and ample space. As soon as they are in use underground in cramped spaces maintenance frequently becomes difficult, parts are awkward to change, and a whole range of accidents can happen.Similarly, ingenious operators discover a whole range of uses for which the equipment was not designed, such as using a loader bucket for a work platform, or scaling backs with it.Design modifications of equipment and removal of hazardous components that can trap limbs is expensive when the dangers are discovered in operation, sometimes posthumously, and it is not surprising that workers compensation insurance premiums are high. The cheapest place to ensure that equipment is safe is in the design office, where the operator should be considered first, rather than being added to a purpose built machine as an afterthought.

Jan 1, 1992

A new bench blast design method and its realization with the assistance of the computer is introduced. The basic design principle is to define a rhomb cell, called fully- fractured zone, through a series of full scale bench crater tests and apply this geometric pattern in multi-hole, multi- row blast design. To illustrate the design method, the optimization process and assessment of blast performance are presented in the context of a case study.

Jan 1, 1992

One distinctive feature of the global mining industry approaching the twenty-first century is the worldwide commitment of mining houses to large-scale projects in developing countries. One good example is BHP's development of the Escondida copper project in Chile. The Escondida orebody was discovered in 1981 and construction began in July 1988. Mining began in December 1990 at a design capacity of 320 000 tonnes of copper contained in concentrate. Out put has grown significantly and shortly Escondida will become the largest single copper mine in the world producing copper at the rate of 800 000 tonnes per annum, including 80 000 tonnes of copper metal. Escondida provides a case study of the development and growth of a large-scale mining operation in a developing country. Key elements have been innovative financing, the management of country risk, the recruitment of an excellent workforce, the use of advanced technologies and best practice in environmental management and community relations. Escondida is one of the global mining industry's success stories in the 1990s.

Jan 1, 1996

By Robson L. C

The developing countries whether they be in Africa, Asia or the Pacific, are a potentially vast market for the technologies of the more developed countries.Conducting business in the less developed countries however requires a keen understanding of their culture. A keystone of the culture of the Pacific Island Nations is kinship with the land. Without an appreciation of the implications of the land rights debate, a business venture into these countries is likely to be delayed or even doomed to failure.The European heritage, with its notions of private ownership of land, have frequently been a stumbling block to a proper understanding of the concepts of customary lands. According to our laws, ownership of land confers a number of definite rights: principally the right to use the land, the right to exclude others from its use, the right to transfer it and the right to receivF income from the property independent of use.

Jan 1, 1990

By F C. D Michelin

As mines get deeper, the critical underground temperature limits will be exceeded, and an increasing number of mines will need to implement, expand or modify cooling systems. Surface cooling plants have many advantages over underground cooling such as efficient heat rejection, and lower relative capital cost; however the delivery of cooling through long underground distances can result in lost refrigeration capacity before the chilled air reaches the areas it is needed most. Refrigeration plants are therefore often overdesigned in size and capacity to compensate for underground losses.More mines are now utilising real-time monitoring and automated control of ventilation airflow and fan systems to ensure the conditions underground are safe and productive, and power consumption is efficiently managed. There may be significant opportunities to extend ventilation monitoring and control into the refrigeration delivery and control system.Energy reduction is an effective way to reduce costs and CO2 emissions, which is an increasingly important part of corporate governance. More efficient refrigeration control is a further step toward reducing energy consumption. This paper looks at an added step in how real-time monitoring can assist in controlling the output and chilled air delivery of a cooling plant. The requirements, implementation, benefits and challenges will be discussed.

Oct 12, 2022

By Denholm WT

A mathematical model has been developed for intense pneumatic smelting processes, such as the Sirosmelt group of processes, to assist in establishing optimum process conditions and to permit operator training. The model first solicits input operating conditions from disk files and from the operator. During operation, the feed, fuel, and air (or oxygen) rates are automatically adjusted to maintain the desired process targets. Alternatively, these parameters, as with all other inputs, may be manually controlled by the operator. Selected process parameters are displayed to the terminal in a regularly updated diagram of the process,. Outputs of detailed information including heat and mass balances are available for immediate inspection or for use by ancillary plotting packages. Development of a robust free energy minimization routine has led to a flexible and time efficent model capable of handling a range of pyrometallurical systems. Modelling of tin smelting, lead smelting, copper smelting, matte fuming, and pneumatic steel-making has been sucessfully carried out. Typical outputs from the model are given and discussed in terms of their internal consistency and relationship to the operation of the relevant Sirosmelt process. `

Jan 1, 1984

Financial markets are subject to constant change and project finance, as a product within these markets, adapts and will continue to adapt with those changes. A meaningful discussion of these adaptations requires an understanding of differences between non-, limited and full recourse project finance. The reasons sponsors seek and lenders provide project finance are also pertinent in this context. Arranging a project, financing package can be a canplex and time consuming task. An important first step is choosing the right advisor for the assignment and then structuring and tailoring the financing before approaching prospective lenders. The last thirty years has seen changes in the needs of sponsors and the ability of lenders to meet them. These shifts in preference may well be a guide to the future. Several major project financings successfully canpleted in Australia in the last few years and more recent examples are broadly discussed. Project finance will be keenly sought in the future and the form and nature it takes will continue to vary.

Jan 1, 1983

A zone rich in-fish debris in the Rolling Dow= Group in the sub-surface of the Great-Artesian Basin has been discovered a Further research has shoe i this zone to-be of very wide distribution in the Artesian Basin and to occur. at the base of the Ta?nbo .f ormati'on resting on the Roma forma-tion. The zone gives a very characteristic curve on the electric and' gamma ray logs and is thus an excellent correlation marker in the sub-surface over a very wide area. It is probably to be correlated sith.the Toolebuc member described from: outcrops east of Boulia. There .are apparent similarities between the Fishecale zone of the Great Artesian Basin in' Australia and the Fishscale sand of the Western Canada Sedimentary Basin.

Jan 1, 1962

A company tax rate based on profitability return, or as more commonly expressed, a resource rent taxation scheme has been intro- duced at various stages in the past by both Australian state and commonwealth governments. At present a number of overseas countries are applying this form of legislation to the taxing of sections of their mining industries. Within this study, ways in which this type of tax has been used are examined. The form in which the tax can be applied varies. 1. It can be selectively or universally applied. 2. The base on which economic return is calculated can be selected in a number of ways. 3. It can start operating only when high profit levels exist, or alternatively be the basis of a total taxation scheme. The implication for the Australian mining industry of the introduction of different types of resource rent taxation schemes is assessed within the context of previously enacted systems.

Jan 1, 1978

In order to formulate appropriate and useful education and training policies and practices, it is crucial to firstly consider the demographic environment of our workforce-and the direction in which it is (known to be) heading. We can predict with a degree of certainty, that the role and influence of training on the future survivability of organisations will- become increasingly critical. This will be particularly relevant for those industries and organisations which are technologically based. The ad-hoc use of training is and, will no longer be appropriate. Organisations must move toward the on-going use of a dynamic education and training strategy based on an effective staff development programme, which meets the short and medium term needs of the organisation. The Technisearch approach is based on maximizing the efficacy of training and learning. The package provides.a total service to meet clients training needs using educational techniques geared to adult learning. it stresses the importance of ongoing research into industrial adult training and its effectiveness in improving skills and productivity. Current research on roles of supervisors in the Australian workplace and the development of the Supervisory Behaviour Questionnaire. (SBQ) indicates the need for a proper framework within which the objectives of training can be addressed.

Jan 1, 1986

By Davies C. E

At present the source of virgin iron for steel produced in New Zealand is titanomagne- tite extracted from titaniferous beachsands. Some of these beachsand deposits contain extractable quantities of ilmenite as well as titanomagnetite and both minerals represent challenging sources of vanadium and titanium products in addition to iron. This study looks at some theoretical aspects of smelting these ores directly with coal rather than with electric power, and takes into consideration the properties of the raw materials, the thermodynamics of possible process routes and the background of the economics involved.

Jan 1, 1980

By Wilson O. A, White R. W G

The Mount Morgan mine occupies a unique place in the mining history of Australia and although not as glamorous during the second phase of its existence, it made a significant contribution to the technical and financial history of the nation throughout its life. The stories of the intrigue surrounding its discovery and early operation, the enormous return received by its original investors in its first five years as a public company, its influence on the local, national and international scene to its final closure have been documented in many publications, the most recent and authoritative being by John Kerr (1982). Institute publications as far back as 1911 have documented details of the mining, metallurgical and engineering practices of the two companies which worked the 100 or so acres which were alleged to be `the richest single gold mine in the world'. Within the Institute records appear the names of Presidents, Institute Medal recipients and others connected with Mount Morgan who have played an important part in the Institute history.

Jan 1, 1993

By Borsaru M

The production of high-grade calcined bauxite is very dependent on the moisture content of the final product. Existing procedures rely on the ignition of small samples to monitor the effectiveness of the calcination process. The results obtained by this gravimetric technique are several hours behind production and do not permit regular adjustment of the furnace to optimize the control of the chemically bound water content (LOI).To provide rapid and hence more relevant results, a neutron moderation technique has been developed for measuring the LOI of bulk samples of calcined bauxite while they are still hot. The method uses fast neutrons from an 241 Am-Be neutron source to irradiate the samples, and the backscattered thermal neutrons detected are a measure of bound moisture content.The rms deviation between neutron and conventional determinations of LOI, in 15 calcined bauxite samples, was 0.08 per cent LOI over the range 0.1 to 0.9 per cent LOI. When allowance is made for the rms error in the ignition method, the error in the neutron method is found to be 0.07 per cent LOI.

Jan 1, 1985

The optimum plant capacity for a new mine is usually based on empirical studies or ærules of thumbÆ, subject to confirmation by detailed scheduling of the proposed mining operation. The mining industry has a record of poor returns on investment and a high rate of project failure using these methods, with under-performance in grade being a common experience. The assumption that æeconomies of scaleÆ will result from increasing throughput rates needs to be balanced by an awareness of the adverse effects of increasing the rate beyond a level that issupportable by the resource. For each scale of operation considered, it is a reality that for any intended head grade, at the associated intended cut-off grade, the actual head grade achieved will fall as the mining rate increases. This effect is known to people at operations but is not recognised in current ore reserve estimation methodology. Once recognised, this dependency of head grade on mining rate can be quantified and used to establish the economically optimum mining and processing rate for a new project. A simple analysis is proposed, which may be extended to detailed spreadsheet modelling for financialoptimisation.

Jan 1, 2002

Carbonation of reinforced concrete is a potential durability issue for vehicular tunnels. This is particularly the case where elevated carbon dioxide concentrations exist and when the design life is 100 years or more. The process of carbonation can result in loss of passive protection to embedded steel reinforcement and initiation of corrosion. Therefore, tunnel design needs to consider the potential for carbonation on internal surfaces and how design life can be achieved in severe environments. This paper examines methods for predicting carbonation and how deterioration can be mitigated through appropriate concrete mix design and construction practices.

Jan 1, 2008

Anglo Platinum recognised with its expanded operations the need to change its evaluation strategy due to increased sample volumes and the pressure it created at laboratories. The sender/receiver analytical scenarios had to change in order to curb costs and to prevent substantial investments in new sampling and analytical facilities. Given the high cost associated with correct sampling systems and sampling protocols and the shortage of technical resources a strategy of single point sampling and analysis was introduced. The analysis was then done at an ISO17025 accredited laboratory with ten per cent checks, subjected to careful statistical scrutiny. Logistical problems increased with respect to weighbridge congestion, maintaining sampling quality, throughput of samples in the sample preparation areas, manual quality control systems in place, audit trails and analytical capacity throughout all operations. This required the expedited improvement of existing sampling practices and the development of new sampling methods and equipment. Anglo Platinum is classifying and standardising sampling equipment, sample preparation and analytical procedures for all process streams with the view to minimise overall uncertainties. Major investments were made into a customised LIMS and automated equipment for data management, reduction of manual transcription errors and streamlining of sample processing. Anglo Platinum is committed in rolling out the enhancements to all sites as priority dictates.

Jan 1, 2008

By D G. Miljak, J Khachan, B K. Schwitter

The performance of prototype magnetic resonance sensors suited to mineral measurement in conveyor, slurry or portable applications is described. The sensors can be positioned around conveyors and modified slurry pipes, providing deep penetration of the sensing field, relative insensitivity to ore surface conditions and high mineral discrimination. Measurements on slurry, concentrates and ores sourced from mine operations are presented for two applications. Firstly, the quantitative measurement of chalcopyrite in slurry was demonstrated in laboratory measurements. In a calibration test, a standard error of 0.1 wt per cent and detection limit of 0.3 wt per cent was obtained. Secondly, results were obtained for the discrimination of iron ore texture. Signals were readily observed using measurement integration times of seconds to several minutes, depending on ore material. The results demonstrate the feasibility of online quantitative analysis of selected minerals in processing applications using magnetic resonance.

Jan 1, 2008