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I have been asked to speak today on the topic of Project Finance in the Mining Industry. Through this presentation, I hope to give you a broad outline of the concept of project finance. The first half of the presentation covers the principles involved in project finance and the second half moves to aspects more specific to the mining industry. I have worked for 3 years at Rothschild Australia. Rothschild provide finance for projects in the mining industry, world wide. We finance both large and small projects, with facilities varying from $2m to $100m.

Jan 1, 1990

Until recently, the Australian mining industry received unquestioning encouragement from both State and Federal Governments. Now governments adopt a more questioning outlook about, for example, the proportion of local mine income accruing abroad, about the contrib- ution of the industry to public revenue, and about the industry's impact on the environment. This paper reports on attitudes at a recent industry-government-academic conference on planning and problems for the minerals sector in the next decade and beyond. It also examines a government policy review in Canada, which has undertaken some change in direction of mineral policies in the last few years.

Jan 1, 1977

With the recent collapse in commodity prices the size and number of resources project has diminished markedly in recent years. Coupled with the disappearance of the "open cheque book approach", this has led to a revival of the lump sum or turn key project. The key features of this mode of development are compared with the "owner managed" and "reimbursable cost plus fee" alternatives - with respect to schedule, cost and quality control. Key facts for the successful implem- entation of this mode of development are identified. However, the approach is not advocated for all projects and the potential shortfalls are also identified.

Jan 1, 1986

As previously advised, two of the raw materials for Wilsons Portland Cement are cement rock and limestone, both of which are quarried by the company. We now wish to give you a brief outline of these operations. The major material, cement rock, is obtained for our Portland Quarry at Tikorangi Hill, which is one mile west of the Works and a familiar landmark to travellers on state Highway 1. The geological structure of this deposit is involved, having intensive and irregular earth movements interpreted as large scale slumps where older rocks overlay younger rocks - numerous folds, faults and overthrusts are clearly visible.

Jan 1, 1978

By Canterford JH

Current and future methods of data acquisition in hydrometallurgy are reviewed. Hydrometallurgical operations involve a wide range of chemical and physical processes for the recovery of metals and other products from ores and concentrates. Control of such operations requires information on the different liquid/solid and liquid/liquid mixtures being processed. Continuous. data acqui-sition for the liquid phases uses procedures already commercially exploited in other types of chemical plant. The major problem is the lack of robustness of measuring probes. Continuous analysis of the solid phases is much more difficult to-achieve because of the sampling and analytical techniques involved.

Jan 1, 1985

By B Madeja-Struminska

The method of evaluation of the approximate temperature of arising spontaneous fire centre and time of coal self-ignition is presented in this paper. The method uses BystronÆs (1997) model of coal self-heating and measurement of carbon monoxide concentration in the mine air outside the fire centre. Knowledge of the spontaneous fire centre temperature and time of fire beginning allows for more accurate analysis of the fire hazard in the coal mine and allows for adequate time to undertake special fire prevention actions. The method is illustrated by an example from Polish mining practice.

Jan 1, 2005

By B Sulistianto, D Carrugan a, R K. Wattimena

Geological structure at PT Karimun Granite Quarry, in Karimun Island û Indonesia, has three primary joint sets that cross between them. These primary joint sets are the principal factor influencing the geotechnical safety of this quarry. In order to get stable geometry of the quarry in terms of height, width, and slope for single and overall bench, we need an appropriate stability analysis method to prevent failure and maintain stability. The Universal Distinct Element Code (UDEC) is used for this rock mass system. The geometries resulting from this analysis have been implemented and have given a stable quarry until now.

Jan 1, 2003

By Thuli AJ

Copper concentrate from Bougainville's copper mine located on the west slope of the Crown Prince Range on Bougainville island, is pumped 27 km to the filter and drying plant at Anewa Bay for preparation and storage prior to shipment to overseas customers. Prior to shipment the thickened concentrate slurry is passed through a test loop to check that its consistency and pH are acceptable for transportation through the main pipe line. The Bougainville pipe line is unique since it is the world's first copper concentrate system. where slurry is pumped an appreciable distance against a high head,

Jan 1, 1975

By Dickerson A. W

The most important mining problem facing many of the established surface coal mines in the Bowen Basin area of Queensland is the rising cost of overburden stripping associated with increasing depths to coal. The Dragline-Hopper-Truck Project is one of a number of responses to this problem, and involves the design and construction of an experimental hopper followed by field evaluation of a dragline-hopper-truck mining system.Such systems, if proven feasible, could be used for a range of applications, eg prestripping, extension of depths for single pass dragline operations and solution of geotechnical problems.

Jan 1, 1992

By Parkes DB

The excavation of sandstone of generally medium strength for the Liverpool Link Line by Dosco Mark 2A Roadheaders has demonstrated the versatility and good performance of road- headers in suitable rock formations. A description is given of the strata traversed by the tunnels together with descriptions of equipment and crews, excavation sequences, operating difficulties and the results achiev- ed. In addition tunnel construction is des- cribed for a difficult section where there was only O.Sm clearance between invert and a four lane vehicular tunnel below, and O.5m clearance between tunnel crown and a century old sewer above.

Jan 1, 1976

The search for an efficient and economic machine to excavate hard rock continues. Development of the Robbins Mobile Miner commenced in 1983 with the formation of a joint venture between Mount Isa Mines Limited and The Robbins Company. Construction of the machine ensued and preliminary trials to verify the cutting action were undertaken in the USA prior to transportation to and assembly at Mount I-sa where mining commenced in September 1984. Initially, the machine was used to develop the S60 Decline which serves as a combined access and conveyor drive for the Southern 1100 Orebody Ore Handling System.

Jan 1, 1988

The areas of impact when employing high productivity long wall systems are reviewed and the financial implications of the most significant areas highlighted. A distinction has been made between availability and utilization. The need for more efficient delay recording, together with increasing control and utilization of the systems has been identified and the measurability of the latter discussed. The increased use of electronic delay reporting direct from the operating unit as the basis for operational control and a pre-emptive maintenance philosophy is seen as an important area of achieving higher performances from existing long wall production systems and Configurations.

Jan 1, 1988

By Viney K. G, Molinia A. B

The Hellyer Pb-Zn-Ag orebody in western Tasmania was discovered in 1983, and mine production at a rate of 250 000 tonnes/yr commenced in 1987. Expansion to 1 million/yr will be completed by early 1989. Exploratory development to gain access to the orebody, to provide a 20 000 tonne bulk sample for pilot plant work and to confirm mining conditions and orebody continuity was undertaken using conventional drill and blast techniques and large diesel trackless equipment. A ventilation shaft was raisebored. Development in this phase totalled 2 815 m and provided a sound basis for rapid expansion of the mine.

Jan 1, 1988

By Gillies A. D S

A device has been developed for modelling the behaviour of coal under conditions which may lead to spontaneous combustion. It is designed to model the behaviour of a stockpile of large mass. The apparatus can test coal samples taken from the flow stream from mine through washing, stockpiling and transportation to the point of utilisation. It tests samples in an as received' condition and so takes into account the effect of aspects such as particle size and moisture content on propensity for spontaneous combustion to occur. Results of the preliminary tests undertaken are given and future applications of the apparatus are Discussed.

Jan 1, 1995

This paper deals briefly with the geology and mineralisation of the Ediacara Mineral Field, which is located about 300 miles north of Adelaide in the Mount James Range.The field was discovered sane time prior to 1872. Total recorded production for the field amounts to a few hundred tons of lead and 36 tons of copper. Re-listing of the field during 1961-62 led to its classification as a Mississippi Valley type deposit. Diamond drilling has partly outlined the spread of mineralisation and confirmed its stratiform distribution,Sources for the metals are suggested and various possible mechanisms. of deposition are described.

Jan 1, 1963

By A J. Moore

To control the airblast from blasting to regulatory limits at environmentally sensitive sites near the Collinsville Coal Mining Operations, it has been necessary for Thiess Mining to incorporate a wavefront reinforcement analysis model in the predictive environmental airblast design. Controlling airblast from cast blasting 70 m high faces with 2000-3000 kg of explosives per hole within 700 m of houses presents a considerable challenge to the blasting personnel. This paper describes the model used and summarises the results of an investigation designed to quantify the increase in airblast indicated by wavefront reinforcement diagrams to further calibrate the model for future prediction.

Jan 1, 2004

By Carlson BL, Overton DD

This paper compares the designs of heap leach facilities for four precious metal mining projects in the southwestern United States. These four proposed projects are of small-to medium-size relative to other operating mines in the United States, and are either permitted or in the final stages of permitting. The differences and similarities in the heap leach facility designs are compared with respect to site conditions, operating conditions and regulatory requirements. This comparison provides a summary of the state-of-practice for heap leach facility design in the southwestern United States and identifies current issues in project development and process material containment.

Jan 1, 1997

One of primary causes of poor blast performance is the improper relief of explosive energy. Under or over-confined blasts modify the explosiveÆs path of least resistance, which changes where and when the explosive energy is applied resulting in less than optimum blast performance. During the research for this paper the overbreak characteristics of five full-scale blasts were quantified using high speed cinematography and borehole cameras. The effectiveness of various overbreak control methods was also evaluated to guide design refinement. The results of this research along with general recommendations for reducing excessive damage are included with this paper.

Jan 1, 1999

By Fee DJ

Some four hundred million tonnes of low rank sub-bituminous coal occurs in four separ rate lobes at Leigh Creek. These deposits are in a sparsely populated pastoral area remote from industrial centres. Early development was retarded because of high mining and haul- age costs and the availability of other fuels. The search for additional fuels after the second world war led to thorough investigations into the burning characte-,istics of the coal and the discovery of shallow coal suitable for open out mining. The development of the field included the establishment of water supply, improved rail facilities and a town.

Jan 1, 1975

Rock bolting has become the most important method of ground support at Mount Isa. Various types of rock bolts are used to suit the different applications and requirements. To apply rock bolting techniques satisfactorily, it is necessary to have some knowledge of the nature of the rock, the type of rock failure, any stress redistribution which may occur during the intended life of the rock bolt and the time for which ground support is required. At Mount Isa there are a number of dif- ferent applications of rock bolts for ground support, and some trends in rock bolting techniques.

Jan 1, 1971