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By P J. Jacobs

FORACO is the third-largest global drilling services company, and recently celebrated its 50th anniversary. The company’s historical roots are in French-speaking West Africa, delivering hydrogeological drilling services to resource companies, villages and regional centres. Today, FORACO operates over 300 drill rigs in more than 20 countries.The Asia Pacific region of FORACO runs a fleet of 37 late model drilling rigs servicing the diamond drilling, reverse circulation, coal, coal seam gas and hydro drilling sectors.FORACO Australia has extensive experience delivering large diameter coring (LDC) samples to the resource community. In the past three years, the company has been involved in six 8? coring projects in a variety of geographies and geologies, including iron ore, coal and uranium. FORACO has developed proprietary equipment and techniques to deliver cost-effective LDC samples with outstanding core recovery.The FORACO LDC sampling system is hands free, with mechanised rod and corebarrel handing to minimise the risk of manual handling injuries. Sample volumes are six times PQ (the common industry standard for large core samples), with core recoveries consistently above 96 per cent in extremely difficult formations.Eight inch coring is a conventional coring system suited to hole depths up to 150 m. For deeper applications, FORACO has recently invested over $4 M in a 6? wireline coring system capable of achieving depths of 300 m.CITATION:Jacobs, P J, 2014. Large diameter core sampling, in Proceedings Sampling 2014 , pp 71–76 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Jul 29, 2014

By S SSdbom

A comparison was made between chemical analysis and ocular mineral/rock classification in health-based risk assessment of historical mine waste produced between 1625 and 1975. Large parts of the mine waste are heavily weathered and secondary minerals are abundant. The field was divided into several areas from where composite samples were collected. Seventy-five mine waste samples were selected for chemical analysis (As, Cd, Co, Cr, Cu, Hg, Ni, Pb, V and Zn) and ocular mineral/rock classification (silicate, mica, granite/pegmatite, carbonate, iron oxide ore, sulfide ore, distribution between chalcopyrite, sphalerite and galena and distribution between pyrite and pyrrhotite). The waste has been produced in conjunction with mining a complex sulfidic ore with increasing iron oxide content (mainly magnetite) towards the northern part of the field. Elevated concentrations were found for Cd (average 26 mg/kg dw), Cu (average 3500 mg/kg dw), Pb (average 4100 mg/kg dw) and Zn (average 11 000 mg/kg dw). Large differences between average and median values indicated that the data was not normally distributed, ie the metals occur as discrete minerals (eg chalcopyrite, galena and sphalerite). The ocular classification indicated low carbonate content, chalcopyrite dominating over sphalerite and galena in most samples and an even distribution between pyrite and pyrrhotite. Both analytical and ocular mineral/rock classification data were combined into a common matrix that was evaluated using multivariate statistics. Principal component analysis (PCA) showed, for instance, that chromium and vanadium were mostly associated with harder minerals and rocks. PCA also indicated that a similar graphical picture could be obtained for chemical data and ocular mineral/rock classification data, respectively. The comparison indicates that ocular mineral/rock classification can replace or at least reduce the numbers of chemical analysis in health- based risk assessment of historical mine waste.

Jan 1, 2008

By R McIlwraith, B Breul

"This paper discusses the successful use of bituminous geomembranes (BGMs) in mining applications since their development in 1974. It explains and illustrates the structure of a BGM composite, which is a geomembrane manufactured by impregnating a polyester geotextile with a compound of bitumen, elastomer and filler. Examples of applications of BGMs in the mining industry are also presented in the following contexts.Storage of solid waste: storage of mining waste at mines in Canada heap leach pads in France, Peru, Chile and Turkey at the base of a mining waste landfill in Brazil capping of solid mining waste in Chile and Canada temporary capping of mining stockpiles in Australia (with possible reuse of the BGM for other works).Examples of the application of BGMs for the storage of liquid waste in mining containment reservoirs in Canada, Guatemala and Peru will also be given.For each example given, reasons are supplied that supported the choice of BGMs by the clients and consultants, drawn from the following advantages of the BGM:BGMs have excellent puncture strength, due to the internal polyester reinforcement, as well as excellent ultraviolet resistance. This often eliminates the need for a cushion geotextile or cover soil over the BGM.BGMs have a very long life expectancy, in excess of 300 years, in subsoil conditions (Breul et al, 2004).BGMs can be installed in very harsh climatic conditions. They are suitable for high wind environments as their heavy mass per square metre makes them resistant to wind uplift. The low coefficient of thermal expansion means that BGMs are suitable for installation in mines where very low or very high temperatures are expected. This reduces construction delays and allows for a quicker use of the mining facility.The fact that the BGM can be installed by the mine’s own workforce, after appropriate training from the BGM manufacturer, allows for a more flexible construction sequence on the mine.Ability of the BGM to connect to other materials such as concrete, steel, rock and other geomembranes that may be on the mine site.The technical advantages of a BGM enabled the engineering consultants to prepare solutions for their mining clients that had a lower environmental risk, had a faster completion schedule and were overall a cheaper option than with a polymeric geomembrane.CITATION:Breul, B and McIlwraith, R, 2015. Bituminous geomembranes in mine construction, in Proceedings Tailings and Mine Waste Management for the 21st Century, pp 289–296 (The Australasian Institute of Mining and Metallurgy: Melbourne)."

Jul 27, 2015

By P Trout, B Macaulay

Ridgeway Gold Mine (RGM) is an underground sublevel caving (SLC) operation that is owned and managed by Newcrest Mining Limited (NML). Production drill and blast practices are critical to the success of the SLC method at RGM. SLC production ring precharging was introduced in November 2001 to enhance these practices and deliver safety, productivity and cost improvements. Current precharging practices require up to two rings to be loaded ahead of the ring to be blasted in each drawpoint. The explosive may be required to remain in the up-holes for periods of four weeks or more prior to blasting. During this æsleepÆ time it is subjected to repeated shock from the blasting ofadjacent rings and from rings in adjacent drawpoints. The project described in this paper was designed to gain an understanding of the factors affecting explosive performance in the precharging environment and to develop explosive products and operating practices that would meet RGMÆs requirements in terms ofsaf ety, reliability and blast outcomes. Several months oflaboratory and field testing were required to characterise the explosive and quantify the effect of post-loading blasting shock. These results were used to determine the most appropriate loading and sleep time criteria for RGMÆs precharging practices. In addition, the information is being used to guide the development of the next generation of emulsion explosives for use in underground precharging operations.

Jan 1, 2005

By J Vann

Mineral Resource and Ore Reserve estimation is a challenging and demanding field, requiring application of professional knowledge, skill and experience of the highest order. If the many potential pitfalls are to be avoided, however, there are two other requirements which are of equal, if not greater, importance:good communication, and common sense. Estimation of Mineral Resources and particularly of Ore Reserves is almost always a team effort, involving a number of disciplines. Good teamwork requires good communication, both between team members and between the team and other parties having an interest in the process. Breakdown in these lines of communication can have far reaching effects on the project under consideration. The need to use common sense during a Resource or Reserve estimation exercise would seem to be self-evident. It is surprising, however, how often rigid adherence to procedures and methods prevails at the expense of clear thinking, usually with adverse and sometimes fatal effects on the project under consideration. This has become increasingly true as computerised methods have assumed a central role in Resource/Reserve estimation. The critical question that estimators should ask themselves at all stages of the process is: æIs what is being done sensible given the data available, what is known of this deposit and the purpose of the exercise?Æ

Jan 1, 1999

By J Sibbel, K Goh

A key issue facing mine managers in remote locations in Australia and overseas is that of managing a fly-in, fly-out (FIFO) workforce. Current Australian research (Sibbel, in prep) indicates that FIFO employees and their families do not differ from the general population in terms of their overall mental health and the well-being of their family relationships. However, they do face unique issues/pressures associated with the lifestyle, the impacts of which are dependent on the policies and practices of the company as well as individual coping and support mechanisms. Successful management of a FIFO site and its employees therefore requires specialist knowledge and skills beyond those of a solely residential operation. The well-being of the FIFO workforce depends on both site and individual employee characteristics, and has implications for productivity and turnover, as well as safety and health. In addition, although FIFO separates individuals and their families in time and space, the interaction between work and home must be acknowledged and taken into account. Drawing on findings from recent Australian and international FIFO research (eg Annear, Poot and Kingston, 2006; Beach, Brereton and Cliff, 2003; Brereton et al, 2006; Gallegos, 2006; Keown, 2005; Parkes, Carnell and Farmer, 2005; Sibbel, 2001, 2004, in prep; Shrimpton and Storey, 1996; Storey, 2001; Watts, 2004) this paper discusses key understandings of both the positive and negative impacts of FIFO employment on employees and their families, and provides practical management strategies as an aid to the development of best practice. Individual impacts including fatigue and loneliness, as well as family issues such as communication, continually changing roles and responsibilities and the impacts of regular parent absence are key areas which can be ameliorated by appropriate management understanding and action. A flexible framework approach is presented that is suitable for a diversity of operations, including principal and contractor workforces of different sized operations.

Jan 1, 2006

With the continued implementation of stricter limitations on the discharge of excess process water from all existing and future mining and metallurgical operations, the design and operation of the entire process water circuit must form an integral part of any total operational package. It is far better to æanticipate and circumvent the problemÆ rather than be forced into an expensive remediation program after the event. By far the greatest problem relates to the treatment and disposal of what is generically known as acid drainage. In simple terms, an acidic metal sulfate solution is generated by a series of chemical and biological reactions as soon as most sulfide minerals are exposed to air and water. Treatment of this solution by one or more of a wide range of chemical and physical options can involve substantial capital and operating costs, although there are recent processing options that yield saleable by-products, thereby reducing the financial liability of what is effectively a waste stream. This presentation provides an overview of the Australian situation compared with the rest of the world and outlines the basic features of a number of the more advanced passive and active acid drainage options.

Jan 1, 2004

By Wright JK, Turner RE, Batterham RJ, Morrison AL

Simulation can play an important role in the design, optimization and control of complete industrial processes, the most appropriate method depending on the particular application. Most commonly, process models or simulators are means of representing the process which are either purely mathematical or physical. Mathematical models, however, almost invariably need to be based to some extent on experimental data or require experimental verification before they can be used with confidence. Ways in which experimental and mathematical modelling techniques can be combined to best effect are discussed, with reference to the simulation of iron ore induration and direct reduction processes. A novel method is presented for the simulation of direct reduction shaft furnaces. Small scale apparatus has been developed in which ore or pellet samples are subjected to the changing environment of the industrial process. The time dependent conditions (solid temperature and gas compositions) are provided by a mathematical representation of heat transfer and the conservation of mass and energy in the process Simulated.

Jan 1, 1986

During the lifetime of an open pit mining project, each stage from exploration activities to exploitation and mine closure produces disturbances on the mining region. Mined land reclamation plans establish constructive solutions to rehabilitate the disturbed areas. Open pit mining as an effective method for exploitation of a wide range of orebodies especially for massive reserves of shallow metallic substances has exhaustive and harmful environmental effects on the mining project region. Nowadays, closure and reclamation stage in a mining project is emphatically enforced by the relevant environmental protection regulations in many countries. It is therefore obvious that closure and reclamation costs of an open pit mining project, as costs of other stages of project, must be estimated to enter the planning and design processes in open pit mining. Post-mining land use is the most important factor to recognise closure and reclamation costs. Thus, using a model to define optimal land use in planning phase of an open pit mining project is necessary in this regard. In this project a model was developed to define optimal land use regarding different sections of open pit mines such as pit(s), waste dump(s), tailing pond(s), roads, areas for onsite facilities and free land zones which are not mined. TOPSIS and PROMETHE techniques were applied to create the developed model. Lumber production was recognised as the optimal post-mining land use for the pit area of the case study in this project.

Dec 6, 2010

By R C. Schodde

"An EXTENDED ABSTRACT is available for download. A full-length paper was not prepared for this presentation. Over the last decade (2005–2014), a total of 439 significant deposits of gold and base metals were found in the world. Twenty (or 4.6 per cent) of these deposits were in the Pacific/South-East Asia (Pacific/SE Asia) region. In terms of contained metal, the region accounted for 1.6 per cent of gold and 13.8 per cent of copper found in the world. With regard to nickel and zinc/lead, the region’s contributions were insignificant.Over the same period, the Pacific/SE Asia region accounted for 6.6 per cent and 12.6 per cent of all gold and copper exploration expenditures in the world respectively. After adjusting for by-product credits, unreported discoveries and likely growth in resource, the unit discovery cost for the region was US$199/oz (compared to a world average of US$50/oz). For comparison, the unit discovery costs for the previous decade were US$55/oz and US$25/oz respectively. The region’s unit discovery cost for copper was US$0.036/lb (versus a world average of US$0.040). For comparison, the unit discovery costs for the previous decade were US$0.026/lb and US$0.008/lb Cu respectively.The region’s mediocre discovery performance doesn’t reflect its distribution of known mineralisation. Some countries within the region have a very good endowment per square kilometre.It is noted that the intensity of exploration (and resulting success) would be boosted if governments provided a more mining- and investment-friendly business environment and generated better precompetitive geological data sets (to identify new exploration targets and boost the country’s perceived mineral prospectivity). A multivariable regression analysis of a decade of data from the Fraser Institute’s mining company surveys found that a ten point increase in the Policy Perception Index or a 0.1 point increase in the Mineral Potential Index could boost (in the short term) exploration expenditures by 1.9 per cent and 2.7 per cent respectively. The resulting economic benefits of an expanded mining sector would be significant. The same story applies elsewhere in the world.CITATION:Schodde, R C, 2015. Discovery performance for gold and base metals in the Pacific/South-East Asia – 2005–2014, in Proceedings PACRIM 2015 Congress, pp 25–34 (The Australasian Institute of Mining and Metallurgy: Melbourne)."

Mar 18, 2015

By A L. Randriamanjatosoa, G Small, C Greet

In flotation simulation models, the effects of pulp chemistry other than pH are often ignored and reduced to particles hydrophobicity or contact angle, neither of which can be measured readily in real time in an operating plant. The flotation response of a given sulphide mineral is known to be influenced and can be improved by changing the chemical characteristics of the pulp during grinding and flotation. The on-line measurement of pulp pH, potential, dissolved oxygen, temperature and oxygen demand of a process stream was completed with the PCM® (Pulp Chemistry Monitor) developed by Magotteaux in this study. The data generated together with relevant plant operating parameters were used to construct an empirical model and simulate the metallurgical performance of the ore. The same approach was also applied to laboratory flotation tests data using various grinding media types. The flotation models better fit the actual data when the chemistry of the pulp is taken into account.CITATION:Randriamanjatosoa, A L, Greet, C and Small, G, 2018. Effects of pulp chemistry on plant and laboratory flotation modelling, in Proceedings 14th AusIMM Mill Operators' Conference 2018, pp 423–432 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Aug 29, 2018

By M Player, R Klug, N Schwarz

There are several technologies available for thickening and dewatering of mining process slurries. The most commonly used are thickeners and filters, but technological developments have made solid bowl decanter centrifuges a viable option and their use, as a modern and alternative technology, is being considered more and more. In terms of tailings, the main goal for all mine operations is to minimize operating costs and the environmental impact of the disposed material. The high potential risk of wet tailings storage in tailings dams is causing this technology to become unpopular, and there is a strong drive in many parts of the world, by governments, communities and environmental agencies to limit any further construction and use of such facilities. For the alternative disposal method of dry disposal of tailings, two aspects of the process have to be evaluated, namely the maximum dryness of the separated solids and the maximum liquid recovery. For most mining operations dry disposal is a new concept. Presenting these companies with examples of operations where this processing option has been successfully applied and proven, will help them to adapt to the changing requirements in the future. Focus has been placed on adapting decanter centrifuges to the mining environment. Modern decanters stand out in terms of their small footprint, low water demand, high availability and their high degree of automation, combined with the excellent cost / performance ratio. Decanter centrifuges have started to play a key role in applications such as tailing dewatering, drilling and tunnelling muds processing, hydrometallurgical processes of gold, nickel or zinc and separating crud in solvent extraction plants. This paper will present advantages of decanter centrifuges compared to the traditional technology and corroborate these advantages by case studies.

Jul 1, 2021

By X Dahe

SLon vertical ring and pulsating high gradient magnetic separators possess excellent mineral processing ability and have been widely applied to process oxidised iron ores. SLon centrifugal separators are applied to clean the SLon magnetic concentrate and remove quartz and other gangue minerals associated with a small portion of magnetite.This paper introduces the application of this technology in Hai Nan, Da Hong Shan and An Shan for processing oxidised iron ores.

Jul 11, 2011

By K Ehrig, V Liebezeit, Y Li, B Pewkliang, M Smith, E Macmillan

Pre-concentration of low grade ores via the rejection of low/no value materials based on fragment size is the subject of many published papers and studies over the past decade. However, the possibility of upgrading should not limited to low grade ores given the high cost of capital, energy, water, reagents, and ultimately tailings storage across the mining industry. Mining and processing facilities at Olympic Dam consist of an: 1) underground mine where ore is extracted via sublevel open stoping and 2) integrated processing plant located on the surface which produces Cu-cathode, Au-Ag bullion and uranium oxide concentrate. Blasted ore is trucked/trained to underground crushers which produce an ore feed with a product size P80 = -145 mm. Crushed ore is then hoisted to the surface and delivered to the ROM pads via an overland conveyor. The typical copper grade of mill feed is approximately 2 wt%. A rapid assessment of the potential to upgrade Olympic Dam mill feed prior to the ROM pads via rejection of low value materials based on fragment size was completed using existing data. Three separate datasets were utilised to assess the deportment of Cu, U, Au across size ranges of 200 mm down to sub-8 m. Cumulative grade vs cumulative mass distribution graphs for each element were produced. This data clearly demonstrates that Cu, U, Au grades remain constant down to ~212 m, which happens to be the liberation size of the sulfides. Hence, no potential to upgrade the ore stream via rejection of +200 mm - to ~212 m sized materials prior to milling. Mineralisation within the Olympic Dam Fe-oxide Cu-U-Au-Ag deposit (IOCG) occurs as disseminated sulfide grains within granite- to hematite-rich breccias. The typical sulfide grain size is sub-200 m that supports the outcomes of the grade deportment by fragment size study.

Nov 10, 2020

By L Manca, P B. Hills, D Tyler, N Pollington

This paper describes a collaborative project undertaken by Newcrest Mining Limited (Newcrest) and pitt&sherry to identify, develop and then implement global best practices to manage the exposure to inrush (dry and mud) hazards in underground mining operations. An extensive literature review was undertaken to identify past experience globally and the current state of knowledge and practice in managing inrush hazard. A key requirement of the literature review was the development of a list of guiding questions which would form a framework for approaching operators to discuss the topic, capture recent learnings and understand current operating practices to allow the development of a best practice solution. An initial cohort of 14 mines across four continents chose to contribute and detailed interviews were carried out by the project team. The outcome from the literature review, interviews with participating mines and various internal discussions was a comprehensive summary document detailing Basic versus Best Practice management of the inrush hazard. This document is being used as a gap analysis tool by Newcrest to assess and guide the management of inrush hazard at their existing and future operations. The summary document has also been provided to the participating mines for their consideration. The project is iterative and will continue to evolve as new experiences, knowledge and practices come to light.

Mar 15, 2021

By T X. Le, H T. Tran, K Zaw, T Manaka

"An EXTENDED ABSTRACT is available for download. A full-length paper was not prepared for this presentation. The Truong Son fold-thrust belt (TSFTB) is a prominent tectonic component of mainland Indochina that occurs as a north-west–south-east-trending tectonic entity that extends from north-eastern Laos, straddles the Laos-Vietnam border area and is submerged under the sea basin in east central Vietnam. The TSFTB hosts numerous regional-scale gold and polymetallic base metal deposits, and the mineralisation occurs along the strike of the belt; however, the potential of many of these deposits are inadequately evaluated. The ore mineralisation is hosted by different rock assemblages, including highly metamorphosed Late Proterozoic metasedimentary rocks and Palaeozoic sedimentary and/or volcanic packages, which were intruded by several phases of magma and underwent a number of tectonic events. Several ore-forming styles – including porphyry, Carlin-type and sediment-hosted orogenic Au – were formed during at least two phases of regional thermotectonism that have been identified in the TSFTB. However, all of the major gold deposits/mineralisations are closely related to region-wide structural breaks and many of them are controlled by large-scale, high-strain zones. The fold-thrust structures in the TSFTB therefore play important roles for regional gold mineralisation and metallogeny.CITATION:Tran, H T, Zaw, K, Le, T X and Manaka, T, 2015. Structural controls on gold mineralisation in the south-eastern Truong Son fold-thrust belt and its significance in regional metallogeny, in Proceedings PACRIM 2015 Congress, pp 521–530 (The Australasian Institute of Mining and Metallurgy: Melbourne)."

Mar 18, 2015

By T D. H McGrath, J P. Vaughan, J Heath, J J. Eksteen

A reliable laboratory method to characterise the response of free gold particles when subjected to flash flotation conditions has been developed by AMIRA P420 researchers at Curtin University. This test has been applied to assess the flotation recovery of gravity recoverable gold from free milling ores as well as synthetic ores featuring either a gravity concentrate or gold powder. Trends in free gold flotation kinetics as well as size and milling effects were identified for gold recovery, based on the different gold types, reagent dosage and residence time.CITATION:McGrath, T D H, Eksteen, J J, Vaughan, J P and Heath, J, 2013. Laboratory flash flotation trends for a variety of gold particles, in Proceedings World Gold 2013 , pp 357-366 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Sep 26, 2013

As the surrounding environment continues to change and evolve, mine managers face a changing climate of expectations. TodayÆs mine managers must juggle competing pressures to deliver sound social, environmental and economic results. Leadership is a fundamental tool for the effective mine manager. Whilst mine managers require solid technical and operational skills, importantly the manager must be able to engage a workforce, build and retain employees and seize opportunity for growth and development when presented. An important tool for engaging employees in the business at Rio Tinto Aluminium is the business improvement programme. At Rio Tinto AluminiumÆs Weipa mine, the business improvement methodology Six Sigma is used to deliver measurable, sustainable outcomes for the business. The next step in Rio Tinto AluminiumÆs improvement journey is to implement Lean Manufacturing at all managed operations. The operating environment for mine managers continuously evolves and effective mine managers must be flexible and adaptive to meet challenges. Governance and regulation constantly change in an environment of commodity cycles and finite resources. This increases pressure on the economic return achieved by the operation. As such, effective mine managers must be aware of and manage the operating environment û the broader, issues-based environment not just the immediate day-to-day responsibility of mine managing. This includes delivering on safety, community and environmental priorities. At Rio Tinto Aluminium, part of managing the business is via investment in the area of social partnerships to engage employees and the broader community in Rio Tinto AluminiumÆs commitment to sustainability. The Future Reef partnership entered with the Great Barrier Reef Research Foundation in 2005 forms an important part of Rio Tinto AluminiumÆs climate change strategy. This four-year, A$1 million investment funds programmes looking at the effect of ocean acidification on the Great Barrier Reef. The partnership is a unique example of industry and science working together on an area of mutual and national concern. Modern mine managers require a broad set of skills to effectively deliver outcomes. TodayÆs mine managers must make innovative and courageous responses to determine todayÆs strategy for tomorrowÆs future.

Jan 1, 2006

By A L. de Ambrosis, F M. Weir, M Fowler

Traditional kinematic and statistical analyses of geological structure for geotechnical engineering applications, while considered industry standard practice, have some limitations and unrealistic assumptions. An improved approach involves a discrete fracture network (DFN), a numerical model that explicitly represents how defects may be spatially distributed through the rock mass. The DFN technique utilises the structural data in stochastic analyses to give a range of possible models used for visualisation and stability analyses.The early development of the DFN approach was largely associated with modelling fractured hydrocarbon reservoirs and nuclear waste isolation programs. With recent improvements to computational power it has become recognised internationally as a valuable tool for modelling some geomechanical problems encountered when designing excavations in fractured rock masses. For tunnelling or slope stability projects DFN modelling provides visualisation of a rock mass and identification of likely failure mechanisms.This paper presents a suite of DFN modelling undertaken for the design of a tunnel within the Ashfield Shale unit of the Sydney Basin, Australia. The necessary input parameters and derivation of these, along with the importance of both an accurate engineering geology model and validation of the synthetic fracture network are demonstrated. Multiple realisations of the DFN were analysed to provide an indication of the number and volume of unstable blocks for the proposed tunnel geometry, enhancing support design. One fracture network realisation was sliced along multiple sections for use in finite element modelling.CITATION:Weir, F M, de Ambrosis, A L and Fowler, M, 2014. Discrete fracture network modelling for tunnel design in the Sydney Basin, in Proceedings 15th Australasian Tunnelling Conference 2014 , pp 219–226 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Sep 17, 2014

By J Evans-Wheeler

"The mandate of the 2005 VALMIN Code to provide ‘(all) reliable, thorough, understandable material information required by investors and their advisers when making investment decisions’ requires that due diligence for tenure be full and thorough. Yet a published due diligence would often appear to be simply a list of tenures allegedly held without any commitment as to the standing of the tenure as safe and secure or otherwise.The value of due diligence for tenure, as mandated in the 2012 JORC Code and the 2005 VALMIN Code, must focus on compliance rather than simply on ‘vital statistics’. Enforcement in every jurisdiction in Australia focuses on penalties (some more harsh than others) for non-compliance, which, in turn and most importantly, reflects directly on security of tenure. Some 22 Acts (on average) impinge on security of tenure and fundamentally underpin the security of any mineral asset.This paper will outline regulatory processes to demonstrate how tenure compliance is achieved and argue that the rigorous application of good practices in tenure evaluation will lead to more of this information being made available on a regular basis.The paper will then focus on further practical examples of tenure compliance failures, the application of these to the requirements of the JORC and VALMIN Codes and due diligence that failed to fulfil the mandate. Examples will be given that alerted other professionals using the JORC Code to complex geological and mining situations of which they were unaware in their valuations.Finally, the author will make a personal plea for tenure to be considered at the commencement of any reporting process.CITATION:Evans-Wheeler, J, 2016. The VALMIN code and tenure compliance – not just a list, in Proceedings Project Evaluation 2016, pp 112–121 (The Australasian Institute of Mining and Metallurgy: Melbourne)."

Mar 8, 2016