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The basic model for the evaluation of any coal-bearing property is the cash flow projection, the major components of which are operating costs, capital charges, taxation and revenue. A range of cash flow projections can be produced by varying the assumptions which underlie the operating costs, by assuming various forms of capital funding, by making assumptions as to future taxation and by speculating upon the present and future market value of the product. As for any model, the informational inputs and assumptions are vital because, no matter how sophisticated the processing, the informational inputs and assumptions cannot be improved by it. That is to say, the validity of the output (the total evaluation itself) cannot be of greater certainty or significance than that of the inputs. The total evaluation can of course be expressed in a number of ways such as the Discounted Cash Flow (D.C.F.) Rate of Return, the Net Present Value or, the Payback Period. The foregoing statement may seem trite. However, it is necessary to be clear about it so as to avoid unnecessary complication and a preoccupation with techniques as opposed to the informational inputs and assumptions. So far as techniques are concerned, much has been written and said about them during the last decade. Most of us have heard, if not always understood, something about probabilistic models, Monte Carlo simulation, sensitivity and risk analysis to say nothing of inflationary costing and the relative merits of developing cash flows in terms of current or constant money. Those techniques have their value, particularly if they can serve to illuminate conclusions which could not be reached on a simple and even perhaps on an intuitive basis. I am, however, reminded of one major coal mining project in which 20 or more major variables were identified, many cash flow projections were run on the computer and a detailed sensitivity analysis was carried out. The major conclusion reached was that the D.C.F. Rate of Return was predominantly sensitive to variations in selling price and operating cost. Of course, the funding and fiscal elements of a cash flow projection have to be dealt with as rigorously as possible. However, in the development of any coal property, capital requirements and taxation are, in part at any rate, dependent upon the assumed operational parameters. If the latter are misjudged, the whole evaluation process is deeply affected. The same is true of revenue, in the sense that, the positive cash flow is a function of output as well as selling price and again, misjudgements about achievable and maintainable levels of production also deeply affect the final evaluation. I shall try to underline the fundamental influence of the technological factors upon lead times, capital costs, operating costs, taxation, funding and the achievable and maintainable levels of production. In turn, these affect the whole question of coal property evaluation and indeed, the likely success or failure of any coal mining venture. I make no apology therefore that this paper does not set out to discuss the more esoteric aspects of the evaluation process but rather, directs attention towards some of the informational inputs and assumptions which merit clarification and discussion.

Jan 1, 1975

Mt Todd lies towards the south end of the Pine Creek Geosyncline, sandwiched between the Cullen Batholith and the Edith Falls Basin, in an area of regionally metamorphosed sandstones, siltstones and shales. The Batman deposit, some 3 km west of Mt Todd is a sheeted quartz vein system hosted within greywackes of the Palaeoproterozoic Burrell Creek Formation (Finniss River Group). The gold-bearing quartz veins, trending 010¦-020¦ and dipping 60¦-70¦E, are commonly 0.5 to 5 cm wide and occur at intervals which are from 10 cm to 1 m apart. Gold tends to be restricted to the quartz veinlets and immediately adjacent country rock. Grade Control utilises two 4 m 'collar' samples which are collected from each 8 m production blasthole. The irregular distribution of the quartz veins and erratic gold mineralisation has resulted in a disseminated 'salt and pepper' type of gold occurrence, with only a poorly defined footwall. Delineation of ore and waste blocks for mining uses an approach which combines the smoothing effect of kriging with a pragmatic view of the raw data. Large ore blocks with simple geometry help to minimise mining dilution, reduce block variance and give good reconciliations to interpreted ore tonnes and grade. Daily mine face advance is reported against truck counts and provides continual comparison with budgeted production. All data processing uses Gemcom software, together with Lotus spreadsheets.

Jan 1, 1994

By B G. Lottermoser

Phosphate induced stabilisation has been used to create passive iron phosphate coatings on pyrite and pyrrhotite. The formation of solid phosphate coatings on sulfide grains thereby inhibits sulfide oxidation. The aims of the study were to determine whether phosphate induced stabilisation could control sulfide oxidation and metal mobility in partly oxidised, polymineralic, sulfidic mine wastes. Waste materials were obtained from the acid mine drainage generating, abandoned Montalbion silver mine site, far north Queensland, Australia. The waste consists of quartz, kaolinite/illite, sulfide minerals (galena, chalcopyrite, tetrahedrite, sphalerite, pyrite, arsenopyrite), and pre- and post-mining oxidation products (hydrated Fe, Cu, Pb and alkali mineral salts). SEM observations of waste material treated with potassium orthophosphate showed that metal, metal-alkali and alkali phosphate coatings developed on all sulfides (with the exception of tetrahedrite). The abundance of phosphate phases was dependant on the availability of cations in solution for complexation with the phosphate anion. In turn, the release of cations was dependent on sulfide oxidation or the dissolution of efflorescent mineral salts. Experiments aiming to dissolve these phosphate coatings û using a strongly oxidising solution û showed that the phosphate coatings remained stable, preventing acid generation and metal release. The results of this study demonstrate that liquid phosphate stabilisers can suppress sulfide oxidation and immobilise metals in partly oxidised, polymineralic mine wastes.

Jan 1, 2003

The main iron ore deposits of Western Australia fall into three very different geological classes, which are, in order of importance: hematite enrichment ore, pisolitic limonite ore, and sedimentary ore. These are presently (1973) being mined in the approximate proportions 20 : 2 : 1, while the equivalent proportions for reserves are, very approximately, 200 : 70 : 1. Two minor categories which mar- ginally qualify as ore are detrital material variously referred to as scree ore or canga, and potentially beneficiable iron formation. These two latter types are dealt with very briefly, and the three main categories are dis- cussed in order of economic significance. Hematite enrichment ore results from the selective replacement of a pre-existing host rock by hematite. Almost without exception, this host is cherty banded iron formation (BIF); but certain exceptions have great genetic inter- est. Ore bodies of this kind occur both in the Archaean BIFs of the Pilbara and Yilgarn Blocks and in the Proterozoic BIFs of'the Hamersley Basin. It follows from their virtual restriction to a single kind of sedimentary host that there is strong stratigraphic control over the shape of ore bodies: these may be almost flat, of dyke-like form, or of complex configuration, according to the pre-enrichment structure of the host bed. This structure was an important control over the position in which ore formed:

Jan 1, 1973

A feasibility study will fail its objective if it does not identify and then correctly assess, all the risks which could have a substantial impact on the financial viability of a project. Before this assessment can be undertaken, one needs to understand the risk profile of the entity which is making the decision about the project. Some of the commonly encountered issues when assessing project risk are related to the problem of not being able to see the wood for the trees. In any risk analysis it is important that conservatism does not strangle a viable project; that the variables are internally consistent with each other, that reality checks are carried out and that appropriate expertise is used. Sensitivity analysis forms a part of the overall project risk assessment; however, it can only test those variables which have already been identified in the financial model. The most useful tool in performing a sensitivity analysis is Monte Carlo simulation. When properly used, it provides a more real world scenario than the simple adjustment of key variables by ¦ 10 per cent one at a time. Monte Carlo can provide valuable information about the robustness of a project. Project risk and sensitivity assessment is prone to the analysis paralysis syndrome. The focus should be on quality rather than quantity.

Jan 1, 1997

It has become increasingly clear in recent years that human kind has developed the capacity to alter the environment of the Earth on a global scale. The changes are often subtle. This is particularly true in the case of stratospheric ozone. Ozone is produced primarily in the stratosphere, at altitudes in excess of 20 km, initially through the action of ultraviolet sunlight dissociating molecular oxygen. According to theory as it existed up to a few years ago, ozone is removed mainly by reaction with atomic oxygen. In the unperturbed environment, this reaction proceeds both directly, and by paths catalyzed by trace quantities of nitrogen radicals. Molina and Rowland [Nature, 249, 810, 1974] pointed out that decomposition of industrial chloroflurocarbons could in-troduce an additional source of radicals to the strato-sphere. Chlorine radicals are even more efficient than nitrogen in catalyzing recombination of oxygen atoms with ozone; models suggested that we might expect reductions in the vertical column density of ozone of as much as a few per cent over the next several decades. A reduction in ozone of x¦/a, by increasing the flux of ultraviolet sunlight reaching the surface, was predicted to result in an increase of about 2x% in the number of cases of skin cancer, with other less well defined impacts on the non-human environment for life.

Jan 1, 1990

By S F. Cox

The development of low displacement, moderate to high-angle reverse faults during the formation of the Argo gold deposit within a tholeiitic gabbro host-rock involved a four stage evolution of deformation and associated hydrothermal alteration. Fault zone evolution and Au mineralisation were associated with high fluid flux, fault-valve behaviour in a severely misoriented fault zone. The far-field maximum principal stress was approximately east-west and horizontal, and the far-field minimum principal stress was subvertical. The fault system developed at approximately 400¦C in a transitional brittle-ductile regime. Initial Stage 1 deformation involved ductile shear and the development of potassic (biotite-rich) alteration assemblages and associated reaction-weakening in shear zones; minor quartz extension veins were formed. Stage 2 is marked by the onset of predominantly brittle shear failure, the widespread development ofmatrix-supported breccias in fault zones and a change to sodic (albite-carbonate-quartz) alteration styles. Extension veins have limited development. Stage 3 is also dominated by brittle shear failure and characterised by a change to quartz-carbonate assemblages in fault-fill veins and breccias. However, large arrays of extension veins are also well-developed adjacent to faults. In Stage 4, widespread subhorizontal quartz-carbonate-biotite extension veins were developed, but shear failure was limited. This is an ABSTRACT only. A full-length paper was not prepared for this presentation.

Jan 1, 2008

By G C. Kiel, G J. Nicholson

Corporate governance has never been more topical. A glance at any major newspaper or business publication will reveal a litany of corporate failures based upon the governance of the organisations involved (eg Byrne, 2002; Hayes, 2002; The Economist, 2002). The increased compliance requirements and speculative nature of our industry means that corporate governance systems are, if anything, more important than in the general business community (Arthur, 2001). Rather than focus exclusively on the contribution of governance to corporate failure within the mining industry, however, our objective in this paper is to examine how boards can add value to the corporations that they govern. In order to highlight how a board can add value to a company, we commence by outlining the role of the board in the modern corporation in general and the mining industry in particular. We then introduce the concept of shareholder value and identify the steps on which a board needs to focus to enhance shareholder value through value tracking processes. Our discussion pays particular attention to the importance of organisational culture to the companyÆs activities and utilises three case studies from the mining industry. We conclude with an overview of what mining boards can do to enhance their culture and drive performance changes for the benefit of the companies they govern.

Jan 1, 2002

By Boyd G

Deep mining in the Collie Basin has suffered with high levels of water flow and sediment in-rushes throughout its 90 year history. Current day experience in working conventional bord and pillar by mainly mechanised means is that advance to the dip is impeded at about the 150m depth of cover by excessive water flow and pressure bursts. Extensive analysis of exploration borehole data and reconstruction of depositional environments helped define important hydrogeological characteristics of roof and floor aquifers, aquitards and aquicludes. Hydraulic parameters were estimated with some accuracy using indirect methods, and later confirmed by pump testing. Groundwater flow modelling showed that mine scheduling would have to be a balance between down dip and lateral development if aquifer pressure heads were to be decreased to suitable levels. Since pressure reduction in aquifers immediately above and below the mine opening was. identified as the key aim in groundwater control, a series of trial in-pit dewatering holes were installed, and demonstrated pressure heads could be reduced at rates compatible with a mine extraction sequence which, in turn, controlled the rate of down dip mine advance. A case history of the successful application of in-pit dewatering systems within difficult hydrological conditions for mining is described, with emphasis on the close collaboration required between hydrologists, mine planners and operations personnel.

Jan 1, 1988

When Australian voters elected a Labor Government in March 1983 the value of the Jabiluka uranium deposit as an asset of Pancontinental Mining Limited effectively evaporated overnight. The day before the election, Jabiluka was Pancon's principal asset, with the Company's 65% stake in the deposit having a market value of the order of $US1 billion. This value had been set by an agreement reached with a potential customer, who was prepared to pay $US150 million for 10% of Jabiluka. The months before the election had been the culmination of ten years of unremitting effort to bring what was then the world's largest reserve of high'grade uranium ore into production. These efforts had included two and a half years of negotiations with the local aborigines, as well as exhaustive environmental studies and conceptual mine planning. All domestic approvals required to develop the Jabiluka deposit had been given to Pancontinental and marketing efforts had successfully placed about 50% of the expected uranium production with overseas utilities. It appeared that Jabiluka was about to emerge as one of the world's great mining enterprises. The election of a government with an anti-uranium policy stopped Jabiluka dead in its tracks. Pancontinental's largest asset had effectively become worthless and the Company appeared to be facing a bleak future.

Jan 1, 1987

The torsion test is considered as the best test used when the part is subjected to static or dynamic torque. Many published papers have investigated the torsion of non-heat treated metals. However, very few published papers dealt with the torsion behaviour of heat treated metals. The aim of this work was to study the effect of heat treatment on the torsion behaviour of steel alloy (AISI 01), which can be used for manufacturing small and medium drills, taps and reamers. The diameter of specimens used was 15 mm. The metal used was heat treated under different conditions, then torsionally tested. The results of torsion test were divided into two groups: results obtained during elastic limit from which the shear stress, shear strain and modulus of rigidity were calculated, while from the results obtained during plastic limit the plastic depth was calculated by applying derived equation when the angle of twist was more than yield value. The results obtained indicated that the value of hardness alone is not sufficient to establish heat treatment conditions. Rather, it was found that the determination of plastic depth together with hardness can help in the establishing of the optimum condition which was hardening temperature of 820¦C, hardening time 20 minutes and tempering temperature 220¦C. This condition produces hardness of 60 HRc and plastic depth of 2.5 mm.

Jan 1, 2003

Early efforts to control the dust necessarily produced during dry crushing operations, took the form of venturis at loading chutes and other places where dust was most evident. These venturis discharged to the atmosphere and for obvious reasons were not very satisfactory.Attempts to collect the dust drawn off by the venturis, using dry cyclones, were not successful, the cyclones catching only the coarser particles. Further, no satisfactory method of continuously discharging the dust catchment was evolved. Water sprays were also used, and will be referred to later.In 1940, a single discharge fan of 3,000-4,000 cu. ft. per minute capacity, was installed to draw the dust-laden air from the Symons crushers and ·screening sections with their attendant conveyors. Suction was through two 15 in. ducts which branched off into 10 off-takes situated over the conveyers at points of discharge from crushers and screens.A dry cyclone was installed in front of the fan, which exhausted into a bag-house.The cyclone suffered from the defects of the smaller units mentioned earlier. When the collected dust reached a certain level in the cone, no more collection would take place until the cone was emptied. This objectionable feature was overcome by introducing a jet of water ahead of the cyclone. The water and dust collected overflowed a weir and were pumped to the mill.

Jan 1, 1948

By Nettle W. H V

THE past few years have seen a considerable expansion of the roasting of blende in Australia. The bulk of this blende is Zinciferous concentrate from Broken Hill and now forms a very considerable source of sulphur for the acid manufacture. It will bereadily conceded that Australian sentiment is in favour of utilising all known potential wealth, especially that won from below ground, as this once disposed of is gone forever. If Australia does not make sulphuric acid from her sulphide ores we may be sure that the purchaser of these ores will do so if in any way possible. It must not be assumed, then, that the difficulties met are mentioned with the idea of undue criticism, but rather to show that, although most of the intial troubles have been overcome, there are still a few to be encountered; and with the hope that comment brought forth will aid in the solution of the problems facing an industry at present little more than in its childhood as far as Australia is concerned.Blende roasting is done in mechanical furnaces of various makes, and mostly without the aid of other fuel than the sulphur in the ore. It will be our aim to touch on the various difficulties in the order in which they occur in the train from furnace to acid plant.

Jan 1, 1926

By S E. Box, J L. Mauk

The Middle Proterozoic metasedimentary rocks of the Belt Supergroup contain important metallic mineral deposits like the diagenetic sediment-hosted stratiform copper mineralization, including the Troy (Spar Lake) deposit and the epigenetic hydrothermal veins in the lower Belt and Ravalli Group in the Coeur d'Alene district. Magnetite (Fe3O4) is a common and widespread accessory mineral in these rocks and can have multiple origins including ore stage in deposits, mobilization stage in source rocks, metamorphism of red beds and alteration mineral in thin halos enveloping Ag-rich veins in the Coeur dÆAlene district. As shown in several classic studies, the composition of magnetite from igneous rocks varies significantly in response to controlling factors such as melt composition, temperature, silica activity, and oxygen and sulphur fugacity. Therefore, the distinctively different geologic settings within the Belt Supergroup strongly suggest that there may be differences in the magnetite compositions. However, initial microprobe analyses detected no variation in magnetite composition.   Three possibilities may give an adequate explanation for these initial results: 1.      the magnetite formed primarily as pure Fe3O4, 2.      one or more tectonothermal events led to regional scale re-equilibration that affected all rocks in the field area, and 3.      the variations in the composition are below the detection limit of the microprobe.

Jan 1, 2007

The efficient development and exploitation of an orebody relies on an understanding of the mineral characteristics of the deposit. This information is valuable throughout the mining cycle - during exploration, assessment, testing, design, operation and rehabilitation. Problems can arise at each stage if there is an inadequate appreciation of the mineralogy involved and its effects on the treatment process. Modern image analysis systems now permit a more quantitative understanding of the mineralogy of an ore to be gathered. Where previously the metallurgist had to rely on qualitative information to guide technical decisions, it is now possible to give numerical estimates to the compositional and textural properties which govern the mineral concentration processes. Ore samples can be characterised according to modal abundances, mineral grain size parameters and mineral associations, all of which affect the liberation and concentration of the values. The paper will discuss the application of quantitative process mineralogy by considering a number of case studies. These include: ore characterisation to assist in exploration, assessment and mine planning; modal analysis of complex mineral suites to assist in the evaluation of ores, the deportment of values between products and the recovery or loss of these values; liberation analysis for ore testing, plant optimisation and performance monitoring; and characterisation of tailing to guide estimates of leachability, stability and rehabilitation options.

Jan 1, 1998

Pyrite is one of the principal Au-bearing minerals in refractory gold ores. Significantly high Au concentrations of up to 5200 ppm are present in pyrite. Pyrite hosting high levels of Au is also enriched in As. Pyrite as an unwanted mineral ends up in wastes and constitutes one of the primary sources of As in the mining and metallurgical wastes. Arsenic can be readily released to the environment due to rapid oxidative dissolution of the host pyrite under atmospheric conditions. In order to determine the form and occurrence of arsenic in pyrite, micro-X-ray absorption fine-structure spectroscopy (XAFS) spectra were collected from a range of arsenical pyrite grains having different morphologies and a range of arsenic and gold concentrations. All the pyrite grains are characterised by the dominant edge aligned with As-1 valence state. In pyrite, arsenic atoms substitute for S atoms that are in six-fold coordination about each Fe atom. XAFS data suggest that As atoms occur in clusters within the pyrite structure. In addition to As-1, fine-grained, inclusion-rich and framboidal-type pyrite grains have a second As species at ~11 875 eV corresponding to As5+. This As5+ species in pyrite is highly variable and attributed to the oxidation of arsenic exposed on the surfaces of pyrite.

Jan 1, 2008

By G Mulder, M Adams

Since the introduction of raiseboring 30 years ago there have been many operational and mechanical design improvements in the raiseboring machine, its reamers and associated cutters. These have now made the technology of raiseboring a routine and practical operation within the underground mining world. Over the last decade these advances have been aided by the introduction of robust automation packages which have allowed unattended drilling and reaming, real time performance monitoring and enhancement and the rapid diagnostic investigation of mechanical and electrical abnormalities. The constraint to higher raiseboring performance is now the drill string. However when it comes to a cost-effective solution of applying the high drill string torque and tension necessary for the next step change in performance, designers have æhit the wallÆ. Whilst carbon fiber reinforced plastic composites with abrasive resistant sheaths may offer a solution, the limit of conventional steel, drill string technology has been reached. This limit to advancement is however based on the drill string being in tension and alternative solutions may exist by literally turning the raiseboring paradigm on its head. This paper describes the story of a small Australian company engaged in the design and manufacture of mechanical excavation machines, two Australian raiseboring contractors and three Australian mines going against tradition and pushing down rather than pulling up.

Jan 1, 1998

The writers of these notes, having conducted some tests on the steam consumption of air compressors under varying conditions, believe that the detailed results of such tests will be of interest to the members of the Institute, and may lead to the contribution of further and more valuable information, of benefit both to manufacturers and users of this class of machinery-to the manufacturer in that he frequently has the opportunity of giving a very thorough test to the machine in the shop, and-tothe user or purchaser by making clear to him what may be reasonably demanded of a high-class machine. It must be remembered that, though of the highest importance, a low steam consumption is but one of the many features of a high-classmachine; for the present, however, it has been considered advisable to confine the paper chiefly to the first-mentioned aspect, with such information concerning the air ends as is obtained along with the steam consumption tests. Unfortunately, too few of these tests are conducted, and but few results are published, therefore the writers feel that no apology is needed in bringing their results before the members.Some nine months ago the Brilliant Extended G. M. Co. was supplied with a compressor by Messrs. Thompson and Co., of Castlemaine, and with the object of testing its actual performance.

Jan 1, 1907

The Tavua Power Proprietary Ltd. was created in 1936 for the purpose of supplying electric power, compressed air and water to the mining field.The original share capital was subscribed on a two-third:one-third basis by the Emperor Gold Mining Company Ltd. and Loloma (Fiji) Gold Mines, N.L. In 1940, Fiji Mines Development Ltd. (later changed to Dolphin Mines Ltd.) was admitted as a shareholder, and, in 1950, a further change occurred. The present shareholding in the Company is as follows:A central power station was decided upon to reticulate power and compressed air over the whole field and building commenced in May 1936.The original plant comprised three Belliss and Morcom diesel generating sets 770 b.h.p. 525 kW 3,300 V, 3 phase, 50 cycle; one Belliss and Morcom diesel compressor set 2,09'0 cu. ft. of free air per min. at 90 lb. gauge 300 r.p.m., and two small Ruston-Holman diesel compressor sets each of 525 cu. ft. capacity taken over from Loloma (Fiji) Gold Mines, N.L., and the then existing Koroere Gold Mining Company.BuildingThe original building was 130 ft. long by 47 ft. wide with an elevated switchgear annex on the west side from which a clear view of the engine room is available.

Jan 1, 1953

By M Zaluski, D Bless

An innovative, biological treatment process has been designed by MSE Technology Applications, Inc to treat and control acid mine drainage (AMD). A field-scale demonstration is being conducted under the Mine Waste Technology Program using water flowing from a historic mine in Montana. A successful demonstration of an in situ process will allow it to be employed at numerous other abandoned or remote mines, which discharge AMD, an acidic, metal-contaminated water. Conventional treatment methods are costly and are often impossible to use at remote locations. MSEÆs technology uses a biological system to clean up AMD. The In situ Passive Biological Treatment Process utilises nonpathogenic bacteria, which are able to neutralise acidic mine water and remove contained toxic metals. These bacteria live within a series of pile-type reactors inside the mine. The bacteria are fed inexpensive waste products. The resulting discharge is clean water flowing from the mine. This presentation will show that this technology offers a natural cleanup method for the nationÆs numerous abandoned mines. Work on this project was conducted under Interagency Agreement No DW899388-70-01-1 between the US Environmental Protection Agency and the US Department of Energy (DOE), and was performed at the Western Environmental Technology Office through the DOE National Environmental Technology Laboratory (DOE Contract No. DE-AC22-96EW96405).

Jan 1, 2003