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The words ""Uncertainty"" and ""Risk"" pervade every discussion about mining exploration and investment. Perhaps these terms are subjectively understood by industry professionals, but objective portrayal of these concepts outside the industry is a woefully undeveloped science. This paper addresses current industry understanding and practice regarding quantitative risk assessment techniques, and provides examples of the application of three of these techniques. Probabilistic techniques for financial risk assessment are valuable adjuncts to conventional financial analysis, and address a range of issues not assessable by any other means. The value of whole-of-project probabilistic risk assessment is currently debatable for decision-making purposes, but is seen as important as a mechanism to focus attention to the critical issues that ultimately impact on project success. The dissection of project capital into risk and non-risk components provides valuable insights into risk characteristics not readily quantifiable in any other way. This technique also provides a framework for more objective ""what if?"" scenario evaluation and for the capital structure of resource projects. Finally, mechanisms for the valuation of undeveloped reserves are examined, and guidelines suggested. The importance of reliability in production cost estimates is highlighted and the impact of early development on reserve valuations is discussed. The importance of economics throughout all stages of the evaluation process is fundamental.

Jan 1, 1994

By R T. A MacGillivray, S B. Curtis

Bacteriophage (phage) are viruses that infect bacteria. Protein coatings on the surface of the phage particle can be genetically engineered so that they bind to inorganic molecules. The filamentous phage particle is about 930 nanometres in length and 6.5 nanometres in diameter and consists of a single-stranded molecule of DNA surrounded by five different coat protein molecules denoted P3, P6, P7, P8 and P9. Peptide sequences in the P3 coat protein that bind to sphalerite and chalcopyrite have been identified. The binding is selective; phage with specific P3 peptide sequences bind to minerals but do not bind to silica or to pyrite. Two peptide sequences in the P8 coat protein that bind selectively to chalcopyrite and pyrite have also been identified. The amino acids in the P8 binding sequences are hydrophilic and thus a coating of a mineral particle with phage having these peptide sequences may render the particle hydrophilic. Experiments are underway to confirm this. Phage are relatively easy to grow and are not living organisms requiring an energy source to maintain life. Phage can also tolerate a range of pH and temperatures. Given this, and the ability to indentify phage coat proteins that bind selectively to a variety of inorganic molecules, phage have the potential to be useful tools in mineral processing and waste treatment.

Jan 1, 2008

By Bradford NL

The Isa Mine of Mount Isa Mines Limited produces 5.1 million tonnes of copper ore and 2.2 million tonnes of silver-lead-zinc ore from sublevel open stopes annually. Extraction of the narrow, steeply dipping silver-lead-zinc orebodies requires a strategy quite different to that used in the massive copper orebodies. A range of blasthole diameters, explosive types and initiation systems gives the flexibility needed to adapt open stoping to a variety of situations. Hole diameters from 70 mm to 200 mm are being used, with lengths of up to 100 m common for the latter.

Jan 1, 1982

During the past 18 months a rock mechanics project has been in operation at Renison Limited. The project was established to identify and investigate key problem areas that would affect future production at the Renison mine. An in-house approach was adopted, using shall compact equignent, to investigate ground behaviour. Information on the rock stress field was considered to be particularly important for an understanding of ground behaviour. A high horizontal stress component exists, which enables large flat dipping spans of hanging wall to be opened up, with support being provided by post pillars. The amount of support provided by these post pillars has been found to be low.

Jan 1, 1982

The Nickel Rim Depth Cu-Ni-PGE deposit, discovered by Falconbridge Limited in 1993, illustrates several trends in exploration in the Sudbury area. Recent discoveries tend to be deep, high grade, footwall hosted, close to or straddle property boundaries and made using a multi-disciplinarian exploration approach that integrates economic considerations with geology, metal geochemistry and geophysics (borehole EM). The Nickel Rim deposit occurs down dip of Inco's Victor Deep deposit (4.2 million tonnes at 2.25 per cent Ni, 7.30 per cent Cu) in the eastern margin of the Sudbury Igneous Complex (SIC) at a depth of 2650 m. Before commencing drilling an economic evaluation was done to determine the minimum size needed to be economic at the expected depths and determine the expected value of an exploration venture. The subsequent surface exploration program discovered a drill indicated, undiluted mineral inventory of 1.6 million tonnes of 1.58 per cent Ni, 10.13 per cent Cu, 4.17g/t Pt and 3.50 g/t Pd including 519 000 tonnes of 4.13 per cent Ni, 25.53 per cent Cu, 9.76 g/t Pt and 8.42 g/t Pd. The deposit is hosted by gneiss, migmatite, gabbro and pseudotachylite (Sudbury Breccia) 100 m below the base of the SIC.

Jan 1, 1996

By Mernagh T, Large R. R, Ryan C. G, Huston D. L

The Tennant Creek goldfield is one of the largest gold producing districts in Australia, and major deposits, including Gecko, Juno, Orlando, Peko, Warrego, Nobles Nob, Golden Forty, Argo, TC 8 and White Devil have produced more than four million ounces of gold over the past two decades. Gold-copper-bismuth mineralisation at Tennant Creek occurs in lenticular, ellipsoidal or pipe-like bodies of magnetite-hematite ironstones which are hosted in turbiditic sedimentary rocks of Proterozoic age (Large, 1975; Wedekind, Large and Williams, 1989; Le Messurier, Williams and Blake, 1990; Morrison, Donnellan and Hussey, 1992).

Jan 1, 1994

By A Radici, M Attwill

The Dampier Port Upgrade Project (DPU) involves an upgrade to Hamersley IronÆs Parker Point iron ore port facility at Dampier, Western Australia. The $US700 million DPU Project will increase Hamersley IronÆs shipping capacity at Dampier from 72 million tonnes per annum (Mtpa) to 116 Mtpa. The DPU Project comprises a new car dumper facility and rail spur, an upgrade to the existing stockyard and conveying system, a new screen-house and a 450 m wharf extension with two new shipping berths and a new ship-loader. This paper discusses the innovative design and construction of the new car dumper facility, which is capable of automatically unloading 240 car iron ore trains at a rate of 10 000 t/h. The facility design is unique compared to more conventional designs currently in operation, and greatly improves operation and maintenance functions.

Jan 1, 2005

By I F. Wood

Planning for flooding and assessment of flood impacts are important requirements for mining projects, as they are also for other types of development. With more intense development and concern from the community, supported by government regulatory requirements, assessment of flood concerns and impacts has become of increasing importance. To ensure that flooding issues are fully understood and results presented in an appropriate format, advanced hydraulic analysis procedures have been developed and are beginning to be applied. These procedures must be rigorous in an engineering context but the results must also be readily understood by the community and government agencies. Advanced two-dimensional hydraulic modelling is becoming accepted as an important means of assessing flooding issues for mining projects. With presentation of results from hydraulic models with Geographic Information Systems (GIS), flood impacts can be analysed rigorously and presented clearly. This paper discusses the application of advanced hydraulic modelling in the planning and impact assessment of a major mining project located on a floodplain where there is extensive inundation. The analysis provides for both input to the planning of the project and for detailed assessment of potential impacts. This case study illustrates some important aspects of the application of hydraulic modelling using a two-dimensional modelling to a critical flood design.

Jan 1, 2003

By D S. Clarke, W M. Prebble

Potential waste rock products from the mining of epithermal deposits in the Hauraki Goldfield are characterised to facilitate their management. Hydrothermally altered andesites and their weathered near surface equivalents have been examined from the Golden Cross, Karangahake and Monawai gold deposits. These materials vary in both their clay content (smectite, illite, kaolinite and chlorite) and the degree of silicification resulting from alteration and weathering. The simulated degradation (slaking tests) of waste materials cannot be explained purely by consideration of clay content, siliciflcation, or the resultant variations in porosity.   Microstructure is considered to be essential in predicting the physical degradation of waste rock. The scanning electron microscope is an effective tool in such an investigation. Increasing alteration results in clay particles becoming more randomly orientated (matrix microstructure); this causes a reduction in the surface area of contacts between components resulting in increased potential for degradation. The extent of skeletal microstructure (commonly characteristic of weathering) is an important control on effective porosity and the long term potential for degradation. Management requirements for these materials include the minimisation of moisture content variations (with the prevention of initial drying being of primary importance) and the containment of sediments produced.

Jan 1, 1991

The fluorspar deposits at Okorusu, Namibia are closely related to an alkaline igneous ring complex of late Cretaceous age (125¦7 Ma). The fluorite ores consist of relatively fine-grained purple replacement fluorite and subsequent coarser-grained purple and green vug-filling fluorite crystals. Homogenisation temperature measurements for 38 primary fluid inclusions shows that main stage purple to green fluorite crystals were deposited over a temperature range from 166¦C to 144¦C, and minor late yellow fluorite was deposited at lower temperatures from 132¦C to 128¦C. Homogenisation and freezing temperatures measured for 18 primary fluid inclusions shows that the fluorite-depositing fluids were less saline than Mississippi Valley-Type (MVT) ore fluids and overlap the lower temperature range of fluids that deposited epithermal ore deposits. Mining in three open pits (A, B and C) at Okorusu has gradually provided exposures which reveal that the fluorite orebodies have been emplaced primarily by the preferential replacement of carbonatites. Evidence for the replacement of carbonatite includes: replacement remnants of carbonatite within the fluorite ores; goethite pseudomorphs after the carbonatite minerals, pyroxene, pyrrhotite and magnetite, which are disseminated in the fluorite ores; andpartial replacement by fluorite of a large sill-like carbonatite body in the A pit. Electron microprobe analyses of minerals in unreplaced portions of the carbonatites show that their mineralogy consists of titaniferous magnetite, diopside pyroxene, apatite, biotite and calcite. Magnetite contains 6.97 per cent to 10.46 per cent TiO2, averages 8.44 per cent TiO2, and has an average V2O3 content of 0.35 per cent. At high magnifications under the scanning electron microscope (SEM), the magnetite shows abundant fine ulv÷spinel exsolution lamellae arranged in a cloth texture. Apatite contains moderately high fluorine contents that range from 3.21 to 5.0 per cent and average 4.2 per cent, and apatite crystals range in total rare earth oxides from 1.7 per cent to 2.61 per cent. Pyroxenes in the carbonatites are iron-rich diopside, and they contrast to pyroxenes in the fenites that are aegirine-augite. All of the microprobe analyses for mica crystals in the carbonatites give biotite compositions. Microscopic examination of fluorite concentrates from Okorusu provides mineralogical information important to the resolution of beneficiation problems. Fluorite ores that are related to carbonatites are typically accompanied by phosphorus benefication problems. The cause for the presence of phosphate in some of the Okorusu fluorite concentrates is a function of the presence of binary locked fluorite-apatite particles. The fluorite ores have also replaced marble locally in the A pit, especially along the A band in the B pit, and dominantly in the orebody proposed for the new C pit. Those ores are characterised by fine grain sizes, faint remnant bedding, lack of carbonatite mineral pseudomorphs and local presence of remnants of unreplaced marble. Concentrates derived from those fluorite ores are devoid of phosphorus, but commonly have elevated silica contents due the presence of free quartz. Carbonatite and marble were preferentially replaced by fluorite because the calcite was readily soluble in the presence of the fluorite-depositing fluids and the dissolution of calcite provided calcium for the formation of fluorite. 

Jan 1, 2008

The hydraulic backfilling of mine tailings has proven very successful at the Homestake Mine in Lead, South Dakota. It allows greater versatility, selectivity and safety in mining. It has also minimized surface subsidence and underground rock movement. The tight filling also eliminates underground fires. This paper explains the hydraulic backfill method used and the problems encountered by so doing.

Jan 1, 1973

By Benson CD

Increasing numbers of Australian gold companies are active in the United States, due to the great untapped gold potential, which is currently undervalued by traditional U.S. companies. The differences in technical, cultural and financial character between the two mining industries provide the Australian companies with a relatively unique blend of strengths (and weaknesses) that can be used to advantage in the U.S.

Jan 1, 1987

This paper first describes the essentials of the slurry shield method and its achievements, then problems encountered during driving tunnels and their countermeasures, and finally shows problems to be solved in the future. The author works at Tekken Construction Co., Ltd. as a director. All the data cited are based on material gained from the slurry shield tunneling works undertaken by the said company. The mark, viz*, indicates that Tekken Construction Co., Ltd. has obtained or is applying for a patent in the U.S., Europe and Japan. 1. CONSTRUCTION RECORDS BY SLURRY SHIELD METHOD AND ITS PROBLEMS (1) Shield machines in the future should have the following characteristics; a. to be able to drive less cohesive soil b. to make no change to the ground water table level c. to make it possible to let people work in normal air pressure d. to cause less settlement at the surface To meet the above conditions various kinds of mechanical shields have been are tried, viz. limited air pressure type, rotary cutter with slit regulator, screw-discharge type, blind shield, etc. As far as the author knows, however, they are not 100% successful. Tunnels need their own accuracy in accordance to the usage. Both ease of driving

Jan 1, 1976

This paper examines the cost and economic consequences of varying a number of key factors in the course of developing and operating new underground longwall coal mines with both shallow and deep cover in New South Wales. The economics of the project are assessed for the first 20 years of mine life using the discounted cash flow method with produc- tion and selling price being determined to provide break even costs for a range of minimum rates of return.

Jan 1, 1988

Following the preparation of tantalum oxide and carbide (1) an investigation of the details relating to the production of tantalum metal powder was planned. From the literature (2) it was evident that tantalum could be produced either by reduction of potassium tantalum fluoride with an alkali metal or by electrolysis of a fused salt mixture containing a tantalum compound. The latter method appeared to be the more suitable and, as there was considerable divergence of opinion in the literature as to the nature of the reactions involved, it was decided to study the electrolytic process. The ultimate aim in any case was to produce tantalum pOWder for use in an investigation of the problems relating to the preparation of consolidated tantalum.FACTORS GOVERNING ELECTROLYSISAfter a few preliminary exploratory electrolyses several factors which needed amplification were revealed. These will be mentioned before the details of the electrolysis experiments are given.COMPOSITION OF THE BATHWithout the knowledge gained in the preliminary experiments it would be thought that the best material for the bath would be that one which underwent electrolytic decomposition. Consider what at first appeared the most likely - namely - potassium tantalum fluoride. The melting point of K2TaF7 was determined to be 630°C with volatilization and decomposition taking place at that temperature so that it would not have been very satisfactory.

Jan 1, 1946

ABSTRACT' The first references to gold in New Guinea were by the Portuguese in 1525. The first significant discovery and gold rush was on Sudest Island in 1888 and was a natural extension of the rush that surged up Australia's eastern coast and ended at cook- town. Prospectors made a series of minor discoveries in coastal regions before the first large discovery at Wau/Edie Creek/Bulolo in 1925. Major post war gold discoveries were made at Bougainville, Frieda River, Porgera and Ok Tedi. On Misima Island a large bulk low grade deposit has been recognised surrounding old gold workings. Gold exploration has increased drama- tically since the lifting of a 3 year moritorium on new exploration areas in Noverrber 1982. A new bulk low grade gold discovery has been made on Lihir Island, north of Bougainville and a number of other promising areas are being drilled. Gold production is also expanding dramatically from current levels of 600,000 ounces to an anticipated 1.3 million ounces in 1985 with the opening of Ok Tedi. Other potential developments are likely to increase output above 2 million ounces by 1990. Papua New Guinea's world ranking as a producer is likely to move from 9th to 7th in 1985 reflecting the favourable geological potential, stable political environment and attractive development terms offered by the Government.

Jan 1, 1984

A laminar-flow furnace technique was used to study the combustion of 37-53 µm size fraction of Woodlawn copper concentrate containing 7.4 per cent zinc, 5.0 per cent lead and 22.5 per cent copper. Factors studied included the effect of time, temperature and the distribution of volatile elements between the panicles and the fume. Air was used for most of the work but a few tests were carried out using 1 per cent oxygen in nitrogen. Chemical analysis, X-ray diffraction, and scanning electron and optical microscopy of polished sections were used to characterize the reaction products.When the concentrate was combusted at low temperatures (800-900°C), the fume was rich in lead. At higher temperatures, this was diluled by increasing amounts of zinc and copper. 70 per cent of the zinc, 60 per cent of the lead and 40 per cent of the copper were found in the fume after oxidation at 1400°C. Lead, zinc and copper were present in the fume as anglesite (PbSO4), zincite (ZnO) and cuprite (Cu2O) respectively. The major phases present in the panicles were magnetite (Fe3O4) and/or cuprospinel (CuFe2O4), with some zincite and cuprite.Elemental copper was found in the particles oxidized in 1 per cent oxygen. Possible vapour species responsible for the vaporization are discussed.

Jan 1, 1985

By Teague JWS, Jung RF, Kadletz O, Jones DR, Jones CJ

A study of the passive treatment system for Hilton minewater revealed that it consists of four main process steps. The water, which contains soluble and particulate iron and zinc and is supersaturated with CO , is pumped to the surface and then passes throuqh a degassinq unit into settling ponds where larger particles of iron hydroxide, containing some adsorbed zinc, can settle out. The still turbid supernatant is pumped to the top of a hill, from where it is allowed to trickle in a broad sheet, releasing CO , towards an earthen channel in the valley below. Consequently the pArises from around 6 to 7.5. This in turn promotes further decrease in the concentration of soluble zinc by increased adsorption of zinc on to iron hydroxide particles. The channel then transports the water to the third process in the system - a 53 ML pond acting primarily as a flocculation-sedimentation basin. The clarified water overflows into a second channel, downstream of the pond, which constitutes the fourth process in the system. Here, copious quantities of filamentous algae further reduce zinc concentrations to acceptable levels before the water is collected for recycle into mine operations. The work reported here represents a detailed study of this system and describes the optimisation of the operation of each of the individual steps involved.

Jan 1, 1988

By Yoshii Y

Many kinds of shield machines are being driven in the soft ground of Tokyo metropolitan area. Tunnel alignments for underground power transmission lines are generally planned to pass under public roads where facilities, especially life-line facilities, are densely located. Therefore, it is frequently required to drive the shield machines along very sharply curving routes. This paper reports on the performance of the new shield machine - the Sharp Curve Excavation Shield Machine - developed by Tokyo Electric Power Co., Inc., which can freely drive along a much sharper curve than conventional machines. Some of features of the developed devices of this machine are, maximum flexing angle of 6.5 degree in all deirection at the middle of shield body, maximum bending angle of 3.5 degree in all direction at the cutter disc, and so on. This shield machine can there- fore drive along curve of minimum radius 15m. The machine was confidently applied to the const- ruction of tunnel in soft clay strata at N values 2 to 5. Outer diameter 3.7m. Length 202m. Horizontal curve; radius 15m, length 20m x 2. Vertical curve; radius 30 m, inclined driven up 29%. The behaviors of the shield machine, segments and surrounding ground were monitored during construction for safety and efficiency check of this machine.

Jan 1, 1987

Vaal Reefs Mine annually produces some 75 tonnes of gold. Stoping operations, using a scattered mining method, are conducted on several reef horizons within Witwatersrand Supergroup metasediments of the Klerksdorp Goldfield. Current grades average 7.19 g/t Au over a 133cm stoping width. The reef horizons, of which the Vaal Reef is the most important, consists of 2.9Ga palaeoplacer deposits at the base of low angle unconformities. Typically, a reef comprises a mature quartz and chert conglomerate with a siliceous matrix and intergranular pyrite and carbon. Geologists are primarily responsible for underground mapping and supervising of drilling programs. To a lesser extent they are involved with sampling, grade control, ore reserve estimation, mine planning and rock mechanics. Due to a general decline in grades of gold mines, an escalation of production costs, and with the current weak gold price, it has become essential to improve production efficiencies. Consequently the role of the mine geologist has moved away from that of simply keeping the mining people "on reef'. Greater emphasis is being placed on refining geological models to assist in selective mining of the reef and investigations of secondary reef horizons are encouraged. Exploration within fault losses and re-evaluation of pillars is important, and geologists are becoming more involved with sampling and grade control exercises.

Jan 1, 1990