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By E C. Holloway

"The financial valuation of mining assets has a number of fundamental differences to the valuation of many other asset groupings. One such difference is that typically, the greater proportion of both the cost and revenue sides of the cash flow are inherently governed by systemic market forces.As a result, the range of outcomes for the valuation of each mining asset is more unpredictable, with higher levels of risk and uncertainty. In contrast, the management function of many other non-mining businesses or industry groups can control at least a portion of the cash flow by maintaining the margin or controlling the sales price. The management teams of mining businesses and operations typically have limited options, and are thus price-takers for both costs and revenues. As mining is an inherently cyclical industry, large, long-life operations can exist through several price cycles, making valuation both subjective and challenging.The outcomes of both static- and stochastic-based valuations, as well as the internal probabilities of the associated cash flow statements, are significantly impacted when the correlations between the appropriate parameters are quantified, modelled and incorporated into the valuation framework. The appropriate parameters for correlation modelling primarily include those that are governed by systemic market forces. Applying this process results in a different risk profile for the asset by allowing the risks resulting from systemic market movements to be more accurately quantified and then objectively minimised. This process also reduces the level of residual uncertainty in the valuation outcome.This paper presents a valuation methodology to pragmatically incorporate this level of valuation sophistication and statistically quantify the associated increase in the level of confidence of the valuation outcomes reported.CITATION:Holloway, E C, 2016. Correlated valuation methodology, in Proceedings Project Evaluation 2016, pp 181–200 (The Australasian Institute of Mining and Metallurgy: Melbourne)."

Mar 8, 2016

By B Beamish

The concept of a ‘critical velocity zone’ in the longwall goaf environment for the development of a spontaneous combustion event has been supported by numerical modelling. However, there is no experimental data available for Australian coals to show ventilation effects on the self-heating incubation behaviour of broken coal in the longwall goaf. A preliminary study using incubation testing has been completed on three high volatile bituminous coals (A, B and C) with R70 self-heating rate values of 3.86°C/h, 3.15°C/h and 2.09°C/h and moisture contents of 11.3 per cent, 3.9 per cent and 4.7 per cent, respectively. Mass to flow rates used in the adiabatic oven reaction vessel have been selected to be indicative of a sluggish, natural air leakage and medium ventilation environment. Under a sluggish ventilation flow rate all three coals incubate to thermal runaway in minimum time frames of 2.8–3.1 years, 34–42 days and 79–95 days, respectively. When the ventilation flow rate is increased to natural air leakage, coal A with the highest R70 value and highest moisture content selfheats to 28°C above mine ambient temperature before heat loss takes over due to moisture evaporation. However, both Coals B and C at this flow rate incubate to thermal runaway in a shorter time frame than under sluggish flow. At the medium ventilation flow rate, only Coal B incubates to thermal runaway, albeit after a significant extended period of time. These results show how important it is to determine the heat balance between the coal intrinsic reactivity (as indicated by the R70 value) and moisture content. The results also have implications for the possible location of the ‘critical velocity zone’ and subsequent hotspot development and migration.

Oct 12, 2022

Efficiency, Economics, Energy and Emissions - Emerging Criteria for Comminution Circuit Decision Making

Sep 13, 2010

Characteristics Analysis of a Bastnaesite Rare Earth Mineral for Recovery of Cerium

Sep 13, 2010

Ok Tedi Mining Limited has recently completed the first phase of a trial to compare the performance of D26B Krebs cyclones in different configurations to the new Warman 650 mm CAVEX cyclones. From 1992, rougher flotation feed size has increased from the target d80 grind size of 150 ¦m with increasing SAG mill throughput. At high SAG mill throughput, operators have difficulty maintaining the target cyclone feed pressure and must increase the cyclone feed density, thus resulting in a coarsening of the cyclone split. Warman International have developed the CAVEX high capacity cyclone. The new CAVEX cyclones, when compared to the Krebs units appear to:produce a measurable increase in volumetric flow for the same pressure drop; maintain or decrease the proportion of coarse particles reporting to overflow; and lower the overflow density. In all plant trials to-date, the CAVEX cyclones appear to be superior to the standard Ok Tedi Krebs cyclones. Further testwork is planned to evaluate modified Krebs cyclones (with recent design improvements) against the CAVEX cyclones.

Jan 1, 2000

Flotation of Composite Synthetic Particles

Sep 13, 2010

By C MacDonald

There are many technologies available today in terms of fire and life safety in road tunnels. So many in fact that it is becoming more and more difficult for clients and contractors alike to determine what they want and what they need. From a clientÆs perspective, fire and life safety is about protection to its infrastructure and to the public at large. Conversely, the contractor is looking to meet its æfit for purposeÆ or ædeem to complyÆ requirements in the most economic and practicable way. Practices regarding fire and life safety in road tunnels have undergone a degree of transformation during the last decade or more throughout the world. This transformation has largely been driven by a series of catastrophic accidents such as the major fires in Europe including the Mont Blanc Tunnel, Tauern Tunnel, Saint-Gothard Tunnel, and now most recently in the CityLink Tunnels in Melbourne. International guidelines produced by organisations such as the Permanent International Association of Road Congresses (PIARC), the European Union, the International Tunnelling Association (ITA) and the US National Fire Protection Authority (NFPA) now provide clients, owners and designers with the tools required to define and specify the required fire and life safety systems in road tunnels. The majority of these tools are based on risk assessment and risk management. Recent road tunnel projects within Australia, however, have not referred solely to such guidelines. Clients have opted to prescribe different or additional fire and life safety requirements within the projectÆs technical specification documentation (project requirements), leaving designers and contractors with little room to implement alternatives or substitutions. Further, these project requirements are largely dictated by practice established on previous road tunnel projects within Australia. This paper looks at the current international guidelines and practices and undertakes a comparison with the EastLink tunnels in Melbourne and other road tunnels within Australia and makes assessment on whether Australian methods are the most appropriate for clients and contractors alike. Focus is directed to the key elements of fire and life safety such as:traffic envelope, barrier arrangements and emergency walkway provisions;deluge systems;drainage systems;fire rating requirements;tunnel ventilation systems;cross passage provisions;fire safety assessment;critical intelligence systems including help phones, CCTV, incident detection, tunnel signage, etc; andexternal tunnel control systems.

Jan 1, 2008

By D Laurence

Australians are at the forefront of exporting their mining expertise in a number of areas. Minerals education is just one example. The growing economies of Southeast Asia host some of the most prospective mineral fields in the world. Laos for example, hosts the world class Sepon and Phu Kham copper-gold deposits. The Philippines has the fifth largest global mineral resource inventory. These and other countries in the region lack the mining engineers, geologists and metallurgists required by international mining companies to ensure their operations are sustainable. This paper describes the author’s experience in working with mining schools in Southeast Asia and specifically the Philippines, Cambodia, Laos, Thailand and Vietnam. Various strategies to ensure sustainability and lessons learnt are presented.

Nov 22, 2011

By J T. Woodcock, G J. Sparrow

A sample of pyrrhotite flotation concentrate pulp assaying 15.3 g/t Au, which had been prepared from an old tailing dump, was treated to extract the gold. Examination of the concentrate with an SEM showed that exposed or free native gold, 5- 40 ¦m in diameter, was present but no locked gold was observed. Direct cyanidation of the concentrate to extract the gold showed that the flotation reagents present inhibited gold extraction. A range of pre-treatments was used to overcome these effects. Direct cyanidation for 48 h extracted only 26 per cent of the gold, indicating possible contamination of the gold in the concentrate with flotation reagents. Pre-treatment of the concentrate pulp by aeration for 24 h, or by 72 h aeration with an addition of 3.65 kg/t of sodium sulphite, gave little improvement in gold extraction by subsequent cyanidation. Pre-treatment by filtration, or by aeration with 12.5 L/t 100 volume hydrogen peroxide, followed by cyanidation for 48 h gave gold extractions in the range 67-77 per cent. Combining filtration and an aeration period with hydrogen peroxide addition raised the subsequent cyanidation extraction of gold to 88 per cent, giving a tailing assaying 1.5 g/t Au. Re-cyanidation of some of the dried tailings from the initial tests extracted most of the remaining gold giving a tailing assaying 0.5 g/t Au. This indicated that most of the gold was available for dissolution by cyanide. The poor dissolution of gold by cyanidation of the untreated concentrate was attributed to the presence of flotation reagents. It was shown by UV spectrometry that xanthate-containing compounds were present in the solids fraction of the original pulp and that they were partly removed by pre-treatment. MIBC was also present, and dithiophosphate, which was used in the flotation step, was also probably present. The results indicated that the improvement in gold extraction after filtration and oxidation of the original pulp was due to partial removal of the flotation reagents, and illustrates the detrimental effects that residual flotation reagents can have on the extraction of gold by cyanidation of a flotation concentration.

Jan 1, 1990

By Grano S. R, Ralston J

It is the perennial problem most metallurgists face when examining data collected from laboratory float tests and plant surveys - there are more numbers than we know what to do with! The objective of this paper is to analyse and interpret a set

Jan 1, 1994

By P S. Datta, V N. Misra

Higher bed height up to 680 mm, including 30 mm hearth layer of sized return sinter and high suction below the grate bars up to 1400 mm WG have resulted in increasing the productivity to a level of 33 t/m2/day and reduced coke rate to a level of 46 kg/tonne sinter. The ferro-wastes like blue dust, flue dust, mill scale, collection from dust catcher and gas cleaning plant, etc have been successfully added in charge mix to produce quality sinters. In this paper, brief description of the work done at Regional Research Laboratory (CSIR) in last few years and two case studies are discussed including the successful development of pan sintering units.

Jan 1, 2002

By D N. Castendyk, J L. Mauk

The world-class Waihi (>6.6 Moz Au, >41.8 Moz Ag) and adjacent Favona (>0.5 Moz Au) deposits are within a single volcanic-hosted epithermal Au-Ag district located in the southern Coromandel Peninsula, New Zealand. Gold and silver mineralised quartz veins at both deposits are hosted in porphyritic andesite flows of the Waipupu Formation. Both deposits have veins surrounded by intense widespread hydrothermal alteration that is characterised by the assemblage of quartz, pyrite, adularia, illite or interstratified illite-smectite, plus less common chlorite and albite, which is locally overprinted by minor calcite or rare kaolinite. Quantitative mass transfer calculations using Gresen's general metasomatic equation indicate that hydrothermally altered andesite at both deposits is enriched in silicon, potassium, rubidium, barium, sulphur, gold, arsenic and antimony, whereas sodium, strontium and calcium are mostly lost. Iron and magnesium show mixed gain and loss. Element gain or loss can be directly related to the prevailing alteration mineralogy. Addition of potassium, rubidium and barium coupled with the concomitant loss of sodium, strontium and calcium in intensely altered wall rocks corresponds to the replacement of plagioclase by adularia or illite. Partial retention of sodium and calcium reflects the presence of hydrothermal albite and calcite, respectively. Mass balance calculations show distinct element gain and loss that can be related to the intensity and type of alteration mineralogy. However, because most rocks are intensely altered and the progression into less altered peripheral rocks is not observed in this study, the lateral extent of elements gain or loss is unconstrained with anomalies extending at least 200 to 300 m away from major veins.

Jan 1, 2003

By D Michaelsen, S Miller

The Grasberg Mine is a copper and gold open pit mine operated by PT Freeport Indonesia (PTFI) and located in the high equatorial mountains of the Indonesian province of Papua. The climate is alpine/subalpine with little seasonal variation in temperature or rainfall. The daily average temperature ranges from about 2¦C to 14¦C and the annual rainfall in the vicinity of the mine and overburden stockpiles is about 4000 mm to 5000 mm. Mining of the Grasberg open pit will continue until 2014 at which time approximately 2750 Mt of overburden will have been produced. Current overburden production rates are 200 Mt per annum. The current mill rate is 230 000 t/day from the Grasberg pit (190 000 t/day) and the underground operations (40 000 t/day). The acid rock drainage (ARD) issues associated with overburden from the Grasberg operations were identified early in the mining operation. Almost all overburden placed to date has been Potentially Acid Forming (PAF). Laboratory testing has identified four main overburden types: limestone and non-acid forming (Green waste), PAF low capacity (Blue waste) and PAF high capacity (Red waste), and Heavy Sulfide Zone (HSZ), which contains greater than 20 per cent pyrite. Waste type block modelling indicates that at least 30 per cent of the overburden production from 2003 to the end of Grasberg pit operations will be limestone. Strategies are being developed to maximise the beneficial use of limestone through strategic blending and placement for ARD mitigation and control.

Jan 1, 2003

By W E. Vance, B H. Ashton

The emission of seam gases into underground workings in coal mines is acknowledged as a major hazard, particularly methane due to its possible ignition. Acknowledge of seam gas parameters is important for the prediction of gas emission rates into the ventilating air current. They are also important as the basis for the evaluation of the likely contained gas as a possible energy source.   Gas content determinations for the Kupakupa seam have been made at the Huntly West Mine.  Applying the method of Creedy (1986) to face samples, gas contents of 1.80 and 1.66 have been determined. Using desorbed and residual gas content data a content of 1.92 m3/t has been derived. These are on an ash included basis. Calculations using the adsorption equation of Kim (1977) and coal quality have given a gas content of 2.19 m3 t. Long-hole exploration drilling at Huntly West Mine has provided information on gas pressure. A pressure rise test has given a reading of 500 kPa (absolute); this is low compared with the pressure given for the determined gas content from theoretical adsorption isotherms.

Jan 1, 1991

By Wickham P, Raeburn M. R

The design and development of slurry sampling equipment for the Mount Isa Mines Limited on stream analysis installations is discussed in detail. Emphasis is given to the critical areas of slurry transport, screen design, pump selection, elimination of fast wearing components and maintenance reduction. Sample point design to fulfil the specific accuracy requirements for On Stream Analysis (3% to 10% relative) is discussed.

Jan 1, 1976

By T Napier-Munn, D J. Bradshaw, M Chauhan, L Keeney

An important aspect of geometallurgy is quantifying mineral processing attributes, which leads to improved orebody understanding. One of these attributes is flotation performance. Several methods have been developed as indicators for flotation performance, including batch testing leading to kinetic information and the standard grade-recovery curve. This paper makes a preliminary statistical comparison between a newly proposed geometallurgical batch flotation procedure and the æstandardÆ batch flotation test commonly used to measure flotation performance in the laboratory. The new test uses much less material than the standard test, and is much faster. It is concluded that the new method follows the final recovery of the standard method well, suggesting that it will be effective in reflecting ore variability for geometallurgical purposes. Comparison of the methods based on the full grade-recovery curve shows less agreement, but this may be due to the fact that the curve is sensitive to the particular experimental set-up and conditions, which make such comparisons quantitatively challenging. Further development work is therefore planned.CITATION:Chauhan, M, Napier-Munn, T, Keeney, L and Bradshaw, D J, 2013. Progress in developing a geometallurgy flotation indicator, in Proceedings The Second AusIMM International Geometallurgy Conference (GeoMet) 2013 , pp 201-206 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Sep 29, 2013

The æMountain Camp reefÆ at Alford's mine, Wakamarina,Marlborough, had no recorded gold production although assays of 5 - 26 g/t were reported, but it did produce c. l000 kg of scheelite. The lode consists of a lower massive quartz layer, and upper, cm-banded, ribboned quartz layers, and has a very low sulphide content. Within the massive layer, relict early fine-grained mosaic quartz with idioblastic scheelite is surrounded by recrystallised granoblastic coarse-grained quartz with calcite and plagioclase, in which an original ribbon banding texture is mimiced by strings of tiny inclusions. In both the banded and massive layers, rounded quartz grains, created by cataclastic milling of grain margins and along syn-vein fractures, have been partially annealed within later quartz overgrowths. Late fibrous quartz and calcite fill brittle cross fractures.   Deformation events D1 and D2 are associated with mid-late Jurassic metamorphism of the Pelorus Group, D2 producing the main regional schistosity (S2, and the earliest scheelite. D3 is an extensional mylonitic shear event that formed the dominant schistosity in Alford's mine (S3). The quartz lode was emplaced within the mylonite by a series of individual dilation pulses (D4). The D5 event caused crenulation of the S3 mylonite, kink banding and chevron folding of the S2 schist and S3 mylonite, and reverse faulting, rodding and cross-fracturing with late fibrous quartz-calcite veining of the D4 quartz lode.   Fluid influxes during successive dilations of D4 fractures progressively caused recrystallisation of earlier quartz bands on the footwall, annealing and recrystallisation of quartz along milled crystal margins and fractures, and deposition of minor sulphides. There was thus a dynamic interplay between fault dilation, lode fracture, fluid influx, lode band deposition, and lode recrystallisation. Illite-Kfeldspar al ¦ 2 Ma (K/Ar), c.30 Ma after metamorphism.

Jan 1, 1996

By J Lapwood, S Pal, M Pascoe

The devastating failure of Dam I at the Corrego do Feijao iron ore mine near Brumadinho in Brazil on 25th January 2019 left at least 270 people dead or missing. In the immediate aftermath of this event, many mining companies commenced reviews of their tailings and water storage facilities (T&WSFs), and Rio Tinto was no exception. Rio Tinto has an interest in over 250 T&WSFs across 47 sites in 13 countries as owner-operator, as managing JV partner, and through non-managed partnerships and other ownership arrangements; T&WSF experts from Rio Tinto’s Surface Mining Centre of Excellence visited the sites in order to complete Technical Risk Reviews of each facility. These reviews looked beyond the day-to-day operational aspects of T&WSF management, and the site’s compliance with local regulations and Rio Tinto’s internal D5 Standard – Management of tailings and water storage facilities, in order to provide a strategic, second line of assurance perspective. The reviews focused on design and construction; operational controls; risk control framework; and competencies and capabilities of personnel involved in the design, operation and closure of the facilities. Additional activities were carried out in parallel with these reviews, including the development of a consistent approach to dam break studies; the public disclosure of information on Rio Tinto’s tailings storage facilities and their management; and contribution to external programs such as the initiatives being co-ordinated by the International Committee on Mining and Metals. This paper provides an overview of the tailings and water storage assurance work undertaken by Rio Tinto’s Surface Mining Centre of Excellence Tailings Validation Taskforce to date; work that will continue to improve governance and assurance for all of Rio Tinto’s T&WSF.

Jul 1, 2021

By A Morris

The Express Rail Link (XRL) will provide high-speed rail services from Hong Kong to Guangzhou and a connection to the national high-speed passenger rail network serving major cities throughout Mainland, China. The HK$ 67 B (NZ$ 11.5 Billion) project is of great strategic importance for Hong Kong and is being implemented to a very tight schedule, from early 2010 with completion targeted for 2015.The works include a 15 platform terminus station in West Kowloon, 26 km of twin track tunnels from the terminus to the Hong Kong/Shenzhen boundary at Mai Po, tunnel vent shafts/adits/emergency rescue siding and a stabling siding facility. Trains on the Hong Kong section are intended to operate at speed up to 200 km per hour and up to 350 km per hour on the Mainland section.This presentation will provide an overview of the entire XRL project, with a focus on the challenging geotechnical and spatial constraints on the tunnel works. This is an abstract only. No paper was prepared for this abstract.

Mar 8, 2011

By P A. Kirsch, A Hine

Mining is a major global industry that requires the moving of considerable volumes of earth and rock (overburden) to win the valuable ore prior to mineral extraction and processing. As a result of this process, new landscapes are created, both extracted voids and overburden piles, as well as infrastructure for management of mine operations, wastewater, tailings, other raw materials, transportation and extreme rainfall events. Resource companies must develop and obtain regulatory approval for detailed plans that manage this displaced material through all phases of the life-of-mine and rehabilitate the site at the time of closure (including landform stability, revegetation and ongoing management).Individual mine sites operate in long time frames (ten to 50 years), with several mines often operating in the same region, generating cumulative overburden volumes and heavily altering the original landscape. These impacts are universally framed as a negative consequence of the industry, especially by modern society that values natural (and some agricultural) landscapes as pristine and almost sacred. Overburden and tailings are also seen as a problem, and are a significant business cost to mining practice.This paper looks to investigate perceptions of mining and post-mining landscapes, questioning the aesthetically driven emphasis on the ‘natural’. It proposes instead an opportunity to reframe the way we look at overburden and landscape impacts from mining, exploring the possibility of imagined post-mine landscapes unburdened by traditional aesthetic expectations. These landscapes, to be conceived by regional stakeholder roundtables, have the capacity to be built by regional mining consortia as a foundation for sustainable post-mining economies.Post-mine regeneration offers both the motivation and the basic materials to create an altogether new environment from a blank slate. Few circumstances allow the opportunity to truly explore a re-envisioning of the land on a huge scale, and the possibilities merit serious consideration.CITATION:Hine, A?and Kirsch, P?A, 2014. Dreams of futures past – curating post-mining landscapes, in Proceedings Life-of-Mine 2014 , pp 121–138 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Jul 16, 2014