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The ""multiple of exploration expenditure"" method of mineral valuation is applicable to exploration properties from the earliest stage of exploration to a moderately advanced stage but for which no resources have been delineated. While not recommended as a primary valuation method by some workers, others believe it to be the most satisfactory method of valuing exploration properties until it is possible to employ a DCF technique. In many situations facing the professional valuer, the method may represent the only semi-quantitative option available and is frequently used. Significantly it often forms the starting point in discussions to farm-in on an exploration tenement. The paper briefly reviews the definition of value as applied to mineral valuation and in particular examines the relationship between fair value and market clearing price in ""fair"", bull and bear markets. The multiple of exploration expenditure method uses previous exploration expenditure and/or future committed exploration expenditure to derive a base value for the tenements. This base value is multiplied by a prospectivity enhancement multiplier (PEM) with adjustments for market premium or discount and consideration of the quality of the exploration team to derive a fair value for the tenements. The paper will demonstrate that there is no necessary nexus between fair value derived from the method and present book Values.

Jan 1, 1994

By J L. Merritt

Effective minesite water management requires that this issue be treated as a risk management exercise. The management process is generally far from simple and by necessity must involve a range of personnel covering a siteÆs commercial, operational and environmental interests and responsibilities. The challenge to be collectively faced by these stakeholders is to strike the correct balance between risk and cost. On the other hand, the challenge to be faced by technical services support personnel is to provide stakeholders with information in a format that they can use with confidence. This paper presents the application of continuous operational simulation (OPSIM) modelling techniques to establish appropriate risk profiles for minesite operations. It is necessary that the format of these risk profiles be generic and equally applicable for defining the risk of occurrence for a relatively comprehensive range of activities û eg from of a non-compliant discharge, to the risk of failure to meet production targets. What is more, the profiles need to be quantitatively based and capable of reflecting change in system response to varied operational or management strategies. The techniques presented in this paper are based around a key assumption that long-term records of the climate contain within them sets of sequences that are representative of what can be expected in the future û that is, the droughts, floods, cyclones, good years and bad, long or short, and everything in between. Therefore, if these historical records are run through an OPSIM model for a particular site, then the simulated operational characteristics can be taken as being representative of what can be expected in the future, in the long-term. This lends itself to statistical analysis and translation into the required risk based format. Water Solutions Pty Ltd have been working with Capricorn Coal Management to develop a relatively comprehensive OPSIM model of their operations at German Creek Mine, Central Queensland. Outcomes from the modelling have been used in recent times to provide mine management with risk-based guidelines for both securing and containing mine water inventories. One of the more interesting tasks has been to establish risk based inventory levels that, if reached, would trigger the immediate implementation of a contract for the desalination and re-use of mine water, at predefined rates. Also, lead-time warning of the occurrence of a possible trigger is of importance to operational and commercial planning. To service this requirement the OPSIM model is regularly used to produce lead-time estimates to defined levels of confidence. Case studies of these, and other, applications of the OPSIM model at German Creek Mine are presented in this paper and serve to demonstrate an effective methodology for practical risked based water management.

Jan 1, 2003

By B N. Morrison

In all metallurgical plants metallurgists require analyses of the various intermediate products, eg flotation feeds, flotation concentrates, tailings, mattes, slags, etc to monitor the efficiency of the plant processes and for plant control purposes. Traditionally these samples have gone to off-site laboratories and there can be some considerable delay before analytical data are received. On-line monitors have to be used for plant control purposes and these are difficult to maintain and can give poor quality data. Recent technological advances in automation in analytical laboratories now allow a far quicker turn-around time for analytical data so they can be of more use to the metallurgist. Automation, which involves the use of robots and fewer people in laboratories, has the added benefit of providing higher quality data as the possibility of human error and bias is minimised. Differences between conventional manual laboratories and automated laboratories are described. Automated analytical laboratories are now becoming the laboratories of choice for mining companies which require large numbers of samples to be analysed on a 24/7 basis on similar sample types using the same sample preparation methods and analytical procedures. Automated laboratories have now been installed in platinum, iron ore, copper and aluminium producing mining companies. A further advantage to metallurgical plants is now the possibility of siting automated analytical laboratories in-plant and designing the plant around the laboratory. Concentrator streams, slags, etc can be sampled by automated samplers, the samples transferred by automation to the in-plant laboratories and all sample preparation and analyses carried out by automated processes. These laboratories require a minimum of staff. Such automated in-plant laboratories have been installed on a platinum mine flotation plant, a platinum mine smelter and steel plants. One is in process of being installed on an iron-ore mine with the sampling being carried out by an automated sampling tower. The procedures followed in planning an automated analytical laboratory for a metallurgical plant are described in detail in the paper. The platinum plant smelter automated system which includes rapid transport of samples by air-tube to the laboratory for the analysis of the samples by XRFS is also described in the paper. It is concluded that automated analytical laboratories can be retro-fitted to most metallurgical plants but they are best suited to greenfield sites.

Jan 1, 2008

By A B. Bell

The health and in some cases survival of mineral exploration and mining companies is, in today's markets, more dependant than ever on the effective use of information technology. The need for speedy collection, organisation, maintenance and distribution of corporate and project information is a phenomenon that will continue to strengthen with market thirst.Geographic Information Systems (GIS) provide a medium for storage, maintenance and retrieval of data, and Internet Mapping adds a technology for effective distribution of that data. Combining these technologies can return benefits both fiscally and technically by reducing costs of ownership in IT infrastructure and increasing the efficiency and effectiveness of both internal and external information delivery.GIS and Internet Mapping technologies have reached a practical stanza in their evolution and will continue to develop as a key business tool in the natural resources sector.

Jan 1, 2002

The great philosopher, Marshall McLuhan, is said to have stated that the use of forecasting as a means of guiding future actions is akin to driving an automobile through observations made in the rear-view mirror! In effect, in forecasting it is assumed that there will be an orderly progression from the past into the future, and that the model will be sufficiently unvarying for use to gauge both the directions and the rates of change. The concepts of forecasting have served man well in disciplines in which the relationship between causes and effects can be clearly demonstrated; such as between rainfall and crop yield, for example. These are of no value, however, when conditions change rapidly and unpredictably, or when there is no model at all. Even worse, under such circumstances our preconceived notions may cause us to make some horrendous errors in judgement. Such are the risks at present in attempting to make an assessment of the educational needs of the minerals industry for the coming century! The model, and the conceptions that we have had of the linkages between cause and effect are in disarray. Minerals markets are chaotic, and there is almost no ability to forecast trends in metal values. Linkages between supply and demand seem tenuous. Internationally, producers are struggling for survival. Mine closures, temporary shutdowns, and reopenings are frequent occurrences. Decision-making under uncertainty is probably one of the most certain things about the world mining industry Today!

Jan 1, 1986

A comprehensive understanding of the rocks associated with coal seams, and also of the coal itself, is essential in assessing the likely behaviour of the materials before, during and after the mining process. The nature of the rock materials involved in coal mining can give rise to risks from adverse geomechanical properties, create problems in coal quality control and produce difficulties with environmental impacts, all of which may affect the profitability, impact and safety of the operation. Examples of issues associated with rock composition include slaking and degradation leading to roof, floor, pit wall or spoil pile instability, ignition of methane in mine atmospheres by frictional processes, liberation of quartz-rich dusts into ventilation systems, production of coal with unfavourable preparation or marketing characteristics, and escape of suspended solids or potentially toxic leachates from spoil piles and other types of emplacements. Methods for evaluating rock composition include microscopic examination, chemical analysis and X-ray diffraction, with the latter being especially useful for fine-grained rocks or for clay-bearing materials. Other techniques, such as geomechanical testing and down-hole geophysical logging, are also useful, but give less direct information about the actual composition of the materials involved. Indeed, understanding of rock composition, through microscope or quantitative X-ray diffraction studies, provides a basis for checking information from other sources, explaining different aspects of rock behaviour, and an essential link in relating geophysical or geotechnical data to broader-based geological models as part of the risk assessment process.

Jan 1, 2003

The provision of electrical power is an important consideration in project development. The first step to be taken in this area is to assess the power requirements of the project. The alternatives of laking a supply from a power authority or providing local generation can then be considered. This requires additional defmition of the probable characteristics of the supply.The availability of authority power in Australia is limited by the extent of the state power grids. Recent developments now allow these grids to be extended and their load capacity increased to meet major load increases at less cost than was previously possible.The options for local generation include diesel, gas turbine, steam, hydro, solar and wind, each having its particular performance characteristics and costs. The choice of fuel for diesel, gas turbine, and steam plant likewise involves consideration of a range of factors. The arrangements adopted for five recent Australian remote development projects indicate how some of these aspects influence the decision on power supply.

Jan 1, 1990

By Seedsman RW, Duncan Fama ME

Mine design procedures will be revolu- tionised by technological developments in computers, software, database construction and management, and numerical modelling programs. Developments in geotechnical databases will be required which utilize geological and geomechanical tests to supply appropriate input for numerical models. Techniques utilizing sedimentological and structural modelling are described. The capacity of current numerical models in mine design is outlined and a program for developing a fully integrated mine design package proposed.

Jan 1, 1987

Predictive chemical models facilitate the selection, design and assessment of aqueous chemical processes. The development of expertise in aqueous themochemistry has not matched the explosion in computer technology for modelling, which has placed pressure on the need for acquisition of skills to critically assess the appropriateness of the models produced. The 'blind faith' culture which appears to be developing must be arrested by appropriate programs at the tertiary level and professional development strategies in the minerals industry.

Jan 1, 1996

Various factors influence the exploration geologist or geochemist in his choice of.an analytical method for gold and other elements which may help him find the elusive gold deposit. One of the first decisions the geologist must make is the nature of sample media to collect for his survey. Needless to say there are many media available depending on the situation. These include rocks, soils, heavy mineral concentrates (from overburden drilling and panned concentrates), humus, vegetation, water, lake bottom sediments, stream sediments, etc. The choice of the sample media will depend to a large degree on the state of development of the particular project from grassroots to mine feasibility. The nature of the geological information required will affect which media and which analytical technique should be chosen for the analysis. Valid sampling from the initial sample collection, preparation and subsampling aspects may also help to determine which analytical procedure is best. Cost and turnaround time are of prime. importance to the explorationist, as it should be, however, these aspects should not be detached from receiving accurate and reliable results.

Jan 1, 1987

By Bourne R. W, Smith T

This paper presents initial findings of a project examining novel processes for the treatment of refractory sulphidic gold concentrates. Non-oxidative roasting of such concentrates for 12 hours at 750¦C resulted in the finely disseminated gold agglomerating to form discrete grains. The pyrite and arsenopyrite decomposed to form pyrrhotite, whilst the labile sulphur and arsenic driven off was collected on a condenser as a mixture of elemental sulphur, metallic arsenic and various arseneous sulphide compounds. As a result, the cyanide solubility of the gold contained in sulphidic refractory gold concentrate from the Emperor mine in Fiji improved from 54.5 per cent to 98.4 per cent; from the Fimiston mine in WA (65.2 per cent to 96.6 per cent), from the Windarra mine in WA (69.6 per cent to 91.3 per cent), from the Harbor Lights mine in WA (20.4 per cent to 60.7 per cent), and from the Wiluna mine in WA (12.6 per cent to 28.0 per cent). The non-oxidative roasting conditions have not been optimised for each of these minerals. Subjecting the non-oxidatively roasted minerals to mild oxidative acidic iron sulphate pressure leaching (with typical temperature of 100¦C and typical oxygen overpressure of 500 kPa) to remove iron and so further liberate finely disseminated gold, resulted in the cyanide solubility of the gold exceeding 96 per cent for each of these five concentrate types (including those from Harbor Lights and Wiluna). Thiourea leaching of the sulphur-rich residues under acidic conditions resulted in remarkably high gold extractions being achieved. These novel processing options need to be optimised, and their economic viability established.

Jan 1, 1991

Access roads for haulage, construction or maintenance purposes are discussed with particular attention being given to the un- sealed "all weather" form of construction for Off-Highway applications. The service conditions experienced by the surfaces used in these roads is examined. These conditions are discussed in terms of the conventional engineering properties used for natural gravel material selection. Experience gained during the construction of a pipeline access track is used to illustratE material selection guidelines based on geological input and an understanding of good construction practices. TMITDnIll IrTT Ohl In many Australian situations off-highway haulage by wheel or track supported vehicles is carried on unsealed, gravel roads. Although the unsealed gravel road is the back-bone of the rural road network in Australia, in general, traffic loadings are relatively low compared to the off-highway unsealed haulage road. The cost of the haulage/access road construction component is one important factor in project planning which needs careful consideration. It is no longer acceptable that the initial rough exploration track be gradually upgraded so that it will eventually carry construction and maintenance traffic safely and efficiently. Fatal accidents and

Jan 1, 1982

By P N. Holtham

Magnetic separation is routinely used in the processing of titanium minerals, and the efficiency of these operations can be determined by measuring the magnetic properties of the process streams. The valuable components in the feed to a titanium minerals plant have specific magnetic susceptibilities ranging from -10-9 m3 kg-1 (zircon) to 10-6 m3 kg-1 (ilmenite). However, in an industrial environment, in which the mineral temperature may range from 20 to 120¦C, it is difficult to measure susceptibilities lower than about 10-7 m3 kg-1. Hence laboratory testing of spot samples from magnetic separators is currently required to obtain accurate performance data. This is an inherently slow process and where feed grades are variable, optimum performance of magnetic separators is generally not achieved. This paper describes the development of an inductance-based instrument for measuring very low levels of magnetic susceptibility on-line. The signal from the instrument can be used for process control purposes to maintain optimum magnetic separator performance. A prototype instrument has been installed in the zircon scavenger circuit in an Australian titanium minerals plant. The circuit consists of a roll magnetic separator treating a feed consisting mainly of monazite and stained zircon. The monazite-rich magnetic fraction is returned to the mine site for disposal, while the non-magnetic fraction is recycled to the zircon wet circuit. Splitter positions in the separator are adjusted when the final zircon product fails to meet specification, or the magnetic fraction contains more than 30 per cent zircon. Weekly composite grain counts show that sub-optimal operation of the magnetic separator results in significant zircon losses into the magnetics fraction. Using the instrument, the zircon content of this stream can now be accurately determined from the measured magnetic susceptibility, provided a correction for the effect of mineral temperature is applied using the Curie - Weiss relationship.

Jan 1, 2001

By Brien R. J, O&apos

Faster and more efficient methods of producing and refining iron and steel are imposing severe conditions on the refractory materials used to contain these metals in the molten state. In order to provide refractory linings which will give the desired service life and maintain unit availability at an economical level, it is necessary to appreciate the aggressive environment in which the refractories operate and determine the reaction mechanisms by which the refractories are destroyed. Only by such studies can the most suitable refractory or refractory combination for a particular unit be selected. Examples of refractories selection and reaction mechanisms are discussed for blast furnaces, BOS vessels, AOD vessels, steel ladles, vacuum degassing units and continuous casting.

Jan 1, 1976

By Xizhen J

Point load testing for irregular rock specimens was studied to determine the relationship between tensile and compressive strengths, drill penetration rate and other rotary drilling parameters. The DH-l type point load tester was developed and more than 2 000 irregular specimens of over 60 kinds of rock from 16 mines and quarries were tested. The effects of size, shape and number of samples on the point load strength index were investigated, using regression analysis. Experiments were carried out to investigate the relationship between point load strength index and uniaxial compressive strength on 29 kinds of rock. The relationship between these values and the drill penetration rate for rotary and percussion drills is discussed.

Jan 1, 1986

The energy input requirement to produce the molten slag associated with iron production to the modern Australian blast furnace, is estimated to be 2.OMJ/kg. In converting blast furnace slag to products of higher commercial value, advantage should be taken of this energy content by transporting molten slag from the furnace for beneficiation and processing in the molten state at an "off furnace site". The refined slag melt may then be converted into a variety of products for use in the building and construction industries, e.g. slag cement, slag sand and slag aggregates, insulation wool and various slag ceramic products. Some results of studies into slag melt beneficiation and conversion processes involving both molten and cold granular slag raw material, are presented.

Jan 1, 1979

By Dorricott M. G

Rock bolt installation is generally carried out in two steps. First the hole is drilled and the drill steel is extracted, then the bolt is inserted into the hole and tightened or grouted. With single pass bolting (SPB), however, these two steps can be carried out at the same time. This kind of bolting system has at least three advantages, (1) the time used for the bolt installation could be reduced, (2) the condition of safety for the operators could be improved, and (3) the degree of automation of the rock bolting practice could be increased. The study presented in this paper is concerned with the development of the SPB system. The current state of the system is discussed, and further improvement of the technique is explored.

Jan 1, 1992

By Kabel J. G

While a per onnel location system is primarily used to check that nobody is left in the mine at firing time, it is also useful for contacting people, uch a foremen, shiftbosses and tradesmen, who travel over several mine levels during a shift. The system installed at The Zinc Corporation, Limited, Broken Hill, uses punched coded plastic identity tags, with "In" and "Out" tag readers on each level. When entering a level, the employee inserts his tag in the "In" reader, and when leaving, in the "Out" reader. Each reader is connected to a central computer which shows who is still in the mine and their location.The system has been used on 3 levels by 21 men for a trial period of 4 months. It ha proved reliable in an underground mining environment, and employee acceptance has been good.

Jan 1, 1984

By W Mackinnon

Coal mining operations require the expenditure of appreciable start up and working capital in order to produce saleable coal for domestic or export markets. The competitive nature of the coal business restricts margins, and so it is imperative that downside risks, in terms of production outcomes, are minimised. The major risks identified for a coal mining operation, aside from sales volumes and coal price, are generally thought to be confined to the geology of the deposit and the mining process. However, the impact of product quality and yield can be very significant. If product coal is inferior to projections, then it will need to be sold at a discounted price and this can dramatically impact on margins. Equally, if yield is five to ten per cent less than planned, then this will have a huge effect on profitability. This paper will look at issues relating to in situ moisture and density, resource quality evaluation, modelling of washability and dilution, and simulation techniques, and how best practice approaches can be incorporated into mine planning and feasibility studies. Risks are best modelled and understood by adopting a detailed approach that is fully documented and auditable. This is particularly needed for multi-seam and multi-product operations. Once a well defined systematic approach is established the potential risks can be evaluated by testing different scenarios, carrying out sensitivity analyses, variability modelling and examining extreme operating conditions. These have been discussed in the paper, along with some related issues such as the cost of quick fixes and the value of spending a little more in the coal preparation area.

Jan 1, 2003

The hazard posed by underground mine fires is illustrated in the first part of this paper by means of a review of experiences in four mining countries over the last three decades. This brief review indicates that while much progress has been made generally in preventing fires and providing means of protection to miners, the possibility of disasters occurring must continue to be regarded as very real. Based upon recent investigations by the South African mining industry, an integrated strategy for providing protection to personnel in the event of a fire is outlined in the second part of the paper. The main, complementary, elements in this strategy are the prevention of ignitions, the limitation of fires, provision of protection systems and equipment, training for emergencies, and effective implementation of safety measures. Some comments are made on important aspects of these elements and on possible further developments.

Jan 1, 1988