Search Documents

There is considerable variability in the level of detail incorporated in prefeasibility studies relating to mining developments. Hence, when undertaking a review or audit, it is critical to attempt to ascertain at an early juncture precisely who has compiled the various facets of the study, for what purpose it was intended and the terms of reference given to the authors. Likewise, when commissioned to undertake an audit it is preferable to have proper terms of reference and to be aware of the purpose to which the audit will be put.These factors will influence the degree of detail an auditor would expect to find in the study and consequently, the degree of effort/time required for the audit process. In most instances audits do not imply recalculation of the entire study or modifying it in anyway, but involve an overall assessment of the methodology used, combined with spot checking of detail. One of the most difficult aspects is to determine a realistic order of accuracy for the overall study when the accuracy of the individual components may differ markedly.

Jan 1, 1990

This paper examines the properties of Australian indigenous crude oil and the changes to Australian refinery process- ing required after the Gippsland crude finds in the late '60s. In addition the paper details the dif- ferent crudes available to Australian ref ineries and the relative product yields in relation to Australian crudes. Market demand for petroleum products both now and in the future is then related to the products yields. The paper also examines the impact of the OPEC induced crude price spiral and the subsequent changes in refinery engineering, current and projected market demands, and energy conservation measures both inside and outside the industry.

Jan 1, 1982

A sample of tailings from a local, low grade (less than 2g/t) tailings dump was investigated for gold recovery. The tailings were very fine, with 90 per cent passing 30¦m and almost 60 per cent passing 10¦m. Tabling the coarse product from classification using a cyclone proved unsuccessful, with low recoveries being obtained due to high gold losses in the slime streams. Gold recovery by cyanide leaching was quite rapid, with recoveries of 85-90% being obtained in five hours. Lime and cyanide consumptions were 3 g/t and 0.1 kg/t respectively. Gold loading onto carbon was inhbited by the presence of the large amount of fines, so heap and vat leaching should be considered where the gold is recovered from a clear pregnant solution. Settling tests were conducted on tailings. It was observed that the addition of at least 3 kg/t lime or 0.4 kgh nonionic flocculant was necessary to promote settling of the tailings to generate a clear supernatant for gold and water recovery.

Jan 1, 1991

By A S. Ray, P S. Thomas

The characterisation of the surface area and porosity of opals derived from Tintenbar, a volcanic environment, and Lightning Ridge, a sedimentary environment, using nitrogen gas adsorption at -196¦C is reported. Both opal types were found to have relatively low surface areas and displayed little porosity. The low surface areas observed is indicative of the ability of silica to infill voids and interstices. Thermogravimetric analysis of the samples before and after degassing was carried out to determine the amount of water removed by the degassing process. Negligible difference was found in the water content before and after degassing in the case of the Lightning Ridge sedimentary opal, while the Tintenbar volcanic opal was found to have lost more that 60 per cent of its water during the degassing process. These differences were ascribed to the differences in the silica structure of the opals with the Lightning Ridge opal having a denser cage structure, which traps the molecular water, while a more open structure is postulated for the Tintenbar opal, allowing the water to be relatively easily removed.

Jan 1, 2008

Mining is claimed to be unique among industries owing to its dependence on exploration for its existence, the need to operate in remote, inhospitable areas, the vast capital sums required for development, the need to pay royalties regardless of profitabil- ity, the wide swings in prices for many of its products, the finite life of each-mineral deposit, its susceptibility to criticism by environmentalists, its dependence on export markets and sensitivity to' cost and exchange rate fluctuations, the uncertainties inherent in most mining legislation, pressures to grant mineral rights to aboriginal communities and the burden of having to finance its own infrastructure. The special problems of the industry have been recognised in the income tax laws which, generally speaking, allow for the deduction of all capital expenditure before tax is payable. Notable exceptions to this rule are the absence of special deductions for mineral processing facilities and the absence of any deductions for a large part of the expenditure on ports and port towns. The scope and extent of infrastructure expenditure is discussed. The consequences of the burden imposed on the industry include tax inequity, higher capital and operating costs, "high grading" and

Jan 1, 1974

The purpose of this paper is to outline the current status of financing in the Australian Gold Mining industry and to discuss a number of developments that have occurred during 1983/84.Recognising the importance of equity financing various equity issues, including project valuation, will be discussed against the backdrop of an industry experiencing both rapid growth and a changing structure.Nothwithstanding the current tax exempt status of the industry there is a trend towards more debt financing. A number of financing issues will be covered and it will be shown howvalue can be created through astute financing planning.

Jan 1, 1984

By I Lipton

Dilution and ore loss have an important bearing on the success of open pit mining projects. Their impacts on production costs, revenues and production rate require that they are correctly modelled in the long-term mine plan. The estimation of dilution and ore loss is therefore an essential part of any Ore Reserve estimate or mine schedule. Large open pit mines are driven by the economies of scale that are achieved at the cost of less selectivity in the discrimination of ore and waste. Planning for these mines is facilitated by the use of block models for mine design, scheduling and the conversion of Mineral Resources into Ore Reserves. This paper reviews various approaches to the estimation of dilution and ore loss, as implemented in computer block models. In the case of orebodies with well-defined sharp boundaries, rather than irregular stockwork mineralisation, the geological interpretation is a critical factor. Variability in the geometry of orebodies is common within large open pits and must be taken into account when estimating dilution and ore loss. A method of regularisation, controlled by the wireframed geological model, is demonstrated, using examples from large open pit stratiform copper and magnetite deposits. This can be carried out without special computer software modules.

Jan 1, 2007

The Joint' Venture Method is a procedure for assessing the value of exploration properties, particularly those for which resources have yet to be delineated. It aims to convert the terms of an actual or synthetic joint venture into the equivalence of an arms- lengths cash transaction between a willing seller and a willing buyer. This paper sets out one approach to achieving that conversion. It discusses both simple and complex cases and gives some examples from both public and private documents. It also includes some case studies in which the Joint Venture Method of valuation can be compared with values derived for the same project using other methodologies including actual cash deals. The Method has failings in both mathematics and logic. However because it does reflect or simulate an arms-length deal which takes into account past exploration effort and expenditure and an assessment of prospectivity at a particular point in time, it is felt that it can provide a reasonable approximation of trade value or asset value of a prospect, particularly if used in conjunction with other methods.

Jan 1, 1994

In recent years stricter requirements imposed variously by the Companies Acts, auditors and the Stock Exchanges have resulted in annual financial statements of mining companies becoming more detailed, informative and useful. Standards of reporting on ore reserves have not kept pace with the improvements in financial information disclosure, despite the fact that ore reserves are usually the most important asset of a mining company. The ore reserve reporting practices of fifteen leading Australian mining companies are analysed against important specific criteria. In terms of detailed and meaningful disclosure, there is scope for major improve- ments in annual ore reserve reporting Practices.

Jan 1, 1981

By D Hodson

Current classification of resources is entirely a subjective task. The various international reporting codes (such as the JORC Code) provide Competent Persons and practitioners with little specific guidance on the standard of work and levels of uncertainty required to classify resources into Measured, Indicated and Inferred. Furthermore, little guidance is given in the conversion of Resources to Reserves and the potential impacts on classification of uncertainties in the modifying factors. Working back from the intended use of the resource estimates, and in understanding the tolerance for uncertainty by the end user of such estimates, insights into the objective and requirements of classification can be determined. Following this approach a comprehensive set of (quantitative where possible) guidelines have been determined that will ensure resources meet the desired objective of each classification, and are consistent and comparable. The guidelines look at what is required for each step in the resource estimation process in order to ensure the final resource estimate meets the desired level of confidence. This approach provides a transparent, comprehensive, justifiable and largely objective method of classification. The implication of introducing such a guideline or approach is to highlight areas of a resource estimation that do not meet the requirements (ie drive the uncertainty beyond the objective) and then focus in on the risks that may flow on from that particular uncertainty, to mitigate or attempt to control those risks.

Jan 1, 2006

By R P. Langford, T A. Moore

Over the last 15 years Indonesia has experienced a surge in coalexploration, which has led to the development of a major export industry. This coal exploration has improved the understanding of the geology of the Indonesian coal deposits. The main economic coal deposits are of Eocene and Miocene to Pliocene age, which mainly occur in Kalimantan and Sumatra and were formed from peat deposits in an equatorial paleoclimate similar to that prevailing today. Some of these peats were domed peats, which grew above the normal water tables, under a climate of year-round rainfall; these peats grew above the level at which waterborne mineral matter can enter the system, resulting in low ash and sulphur, and locally very thick coal. It is believed that such peats have formed the unusually thick, low ash, and low sulphur Miocene coals of Indonesia. Coal deposits of Eocene age are typically characterised by thinner seams, with relatively higher contents of ash and sulphur. The Miocene coals and Eocene coals both appear to have formed in lacustrine, coastal plain or deltaic depositional environments, similar to the modern peat-forming environments of eastern Sumatra and parts of Kalimantan. The Eocene coals formed mainly in extensional tectonic settings. Miocene - Pliocene coal deposits formed in a range of tectonic settings.

Jan 1, 1999

By A Crawford, P Manton

Telfer is a gold/copper operation, currently operating one open pit mine and one underground mine. The ore processing plant consists of two parallel trains involving semi-autogenous mill, ball mill and crusher (SABC) grinding, flotation and leaching. Due to receiving relatively high grade underground ore for over half of its total feed, Train 1 frequently experienced cleaning circuit overloading during high production periods. This resulted in losses in recovery and ineffective concentrate upgrade. As a quick and simple solution, the Train 1 copper flotation circuit was reconfigured to send concentrate from the first two rougher cells directly to the final concentrate and return the cleaner scavenger tailings to the third rougher cell. These modifications have resulted in a 1.4 per cent increase in plant copper recovery with no change in final concentrate grade. Preliminary results also indicate gold recovery has increased by more than 1 per cent since the circuit reconfiguration. Other benefits include less spillage, more friendly circuit to operate and a more consistent metallurgical performance. Focus for the next phase of optimisation is on concentrate upgrade. A number of opportunities have been identified and are currently being investigated, including staged reagent addition, single stage cleaning of the first two copper rougher concentrates, regrinding of the remaining copper rougher concentrate prior to cleaning and process control based on a machine vision system.

Jan 1, 2009

Thank you for asking me to address you. The topic may sound formidable. Those of you with determination to go somewhere in your careers will understand that by taking geoscience, mining and metallurgy courses as students, you are declaring your intere

Jan 1, 1994

New Zealand's obligations under Kyoto protocol New Zealand's economic and emissions profile Use of energy and electricity generation in New Zealand World energy supply Coal's rule in the world today Coal and New Zealand Future energy needs in New Zealand Clean coal technologies

Jan 1, 2002

By Y Gu, W McCallum

Mathematically sophisticated methods are now in common use for metal balancing of complex separation flow sheets at many concentrators. These balances usually entail minimisation of the sum of weighted squares of data adjustments subject to flow sheet constraints. The adjusted data provides numerical consistency across the complete flow sheet to facilitate performance calculations. A mine with multiple ore sources can be considered as a flow sheet with the end node comprising the concentrator and its products concentrate(s) and tailings. If the mass transfer and grade estimates for each ore source are sufficiently reliable, a similar metal balancing approach can be used for combined mine and concentrator data. Comparison of balanced and measured assays and mass movements provides useful guidance to security of marginal grade ore and possible dilution problems. This paper includes a summary of results from a case study based on a mine with multiple ore sources.

Jan 1, 2002

The needs for improved technology for the mineral industry are widely recognised and a summary list is given. Ways in which technology has been introduced into the industry are discussed, as are the means by which the general process of technology transfer takes place. Some possible sources of improved and new technology are considered, together with the constraints to its introduction into the industry. Responses to recent external influences on the industry are discussed in relation to their effects on technology development.

Jan 1, 1986

By F

Ore reserve estimation has been described as the most individualistic, the most prickly and even the most controversial of all the technical aspects of the mining profession. This symposium is a great opportunity to look at the present state of the art and full marks must go to the Sydney Branch for organi- sing it at this time. The first essential of good ore esti- mation is probably an awareness of the uncertainties involved, and the possible impli- cations of these uncertainties.

Jan 1, 1979

Major underground gold mine developments are not common in Australia especially when they are totally owned and hence financed by a relatively small public company. Ballarat Goldfields Limited with its Ballarat East Project is such a company. Financing a $20m underground exploratory access programme in a poor economic climate places added importance on the quality of the project. Critical factors such as ore reserves, environment, planning and the development program are of immense importance in devising and implementing a workable finance package that satisfies both the shareholder and the project's needs.

Jan 1, 1990

The emerging discipline of ægeometallurgyÆ is not new but is becoming increasingly recognised as a discrete and high-value activity that reflects an ongoing commercial and cultural trend towards more effective mine site integration and optimisation. Geometallurgy involves a quantified and spatially constrained approach to ore characterisation in terms of relationships to critical processing performance. Industry recognition of the need for large-scale, integrated geometallurgical research is currently supporting a major new research initiative. The AMIRA International P843 æGeMIIIÆ project (geometallurgical mapping and mine modelling) is a cross discipline collaboration involving four major Australian research groups; CODES the ARC Centre of Excellence in Ore Deposits at the University of Tasmania, a world leader in economic geology-related research; the Julius Kruttschnitt Mineral Research Centre (JKMRC) at the University of Queensland, a world leader in mining and mineral processing research; the WH Bryan Mining Geology Research Centre (BRC) at the University of Queensland, which aims to be a world leader in mining geostatistics, operations research and optimisation in mine design and planning; and CSIRO Exploration and Mining in the area of automated core logging. The project is currently supported by 19 global mineral companies. The project aims to deliver fundamental knowledge, tools and methods for more effective approaches to geometallurgical definition of mineralogy, element deportment and texture that can be linked to mineral processing performance and efficiency at a range of scales. Outcomes are improved predictive indices of processing performance that can be embedded in resource block models to define processing domains, which can be exploited in mine planning and optimisation. To achieve these aims the project is involved in a range of technology developments that include more automated core logging technologies, new applications of automated microscopy and development of software-based texture analysis and categorisation techniques. Attributes derived from these measurement technologies are used to develop predictive processing models linked to new small-scale physical testing regimes.

Jan 1, 2009

A significant resource of uranium has been discovered within a buried palaeochannel located in the south western corner of the Officer Basin of Western Australia by PNC Exploration (Australia) Pty. Ltd. The mineral- isation is redox controlled and is hosted by Eocene organic rich paludal sediments. Prob- able insitu reserves are 13,000 t of contained uranium with an average ore grade of 0.12% at a cutoff grade of 0.03% U. The Mulga Rock palaeochannel has been traced for at least 100 km beneath the Quaternary surficial cover. The main channel is horseshoe shaped with the channel arms vary- ing from 5 to 15 km in width. The western arm connects to the Lake Raeside-Ponton Creek drainage system, whilst the eastern arm'is open to the south. The headwaters of the palaeo- channel are thought to have been the Lake Minigwal drainage system, prior to its capture by the Lake Rason system. Differential.erosion of the basement rocks during the Late Cretac- eous to Early Tertiary strongly influenced channel shape and resulted in the main channel being confined to a Permian,mudstone filled valley. Upwards of 100 m of fluviatile sediments accumulated within the palaeovalley during a period of subsidence in the Early Tertiary. Three broad stratigraphic units have been re- cognised within the channel: 1. An upper unit of fluviatile sands with interbedded lacustrine sediments, which have subsequently been wholly oxidised and variably silicified and ferruginised. 2. A middle unit of lacustrine to paludal sediments, which host the main mineral- isation. 3. A basal unit of fluviatile gravels and sand. The presence of excellently preserved Nothofagidites in organic rich paludal sediments from the middle unit, suggest that unit was laid down in a non-marine, fluviatile, humid environ- ment during the Middle Eocene.

Jan 1, 1988