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The theme of this paper is the development of-the project feasibility study which includes discussion of the work which is carried out in preparing the project feasibility study, the necessary evaluations and structures that are employed to ensure that not only does the feasibility study itself stand up to scrutiny and is sound, but also that the investment the company is proposing to develop, "the project", is an investment decision which will represent good returns to the company. This theme is particularly relevant when there are competing divisions within the company and only limited cash resources are available to make the correct investment decision. Thus various potential investments may be evaluated against each other to determine which project will be given the go ahead for development. This paper will particularly focus on the various investment analysis techniques that are used and discuss the work that is required in preparing the project feasibility study and specifically the interaction of the project team members and the thought process that must be undertaken to complete the project feasibility study. Finally comments will be made on tax planning issues particularly with respect to taxation of gold production to be introduced in January 1991. Some ideas are presented which may help and possibly improve the financial position of the projects being reviewed. Further, it is suggested that the thought process which goes with the financial engineering aspects of a resource project can be widened to take account of taxation issues and tax planning to ensure the rise of the project feasibility and hence the decision to proceed to development by the project sponsors.

Jan 1, 1990

By J L. Mauk

Gladstone Hill, a volcanic-hosted low-sulfidation epithermal prospect in the Coromandel Peninsula, is less than 1 km from the world-class Martha Hill Au-Ag deposit. Gold-silver-bearing quartz veins occur in Late Miocene andesitic volcanic rocks of the Waipupu Formation that are extensively altered. The occurrence, spatial distribution and temporal relationships of hydrothermal minerals have been determined along two cross sections that transect the Amaranth, Gladstone, Cowshed and Moonlight veins. Quartz and pyrite are ubiquitous along these sections. Adularia and chlorite are widespread, but both are scarce in wall rocks adjacent to the Moonlight and Cowshed veins. By contrast, rare hydrothermal albite and epidote are restricted to wall rocks surrounding the Amaranth vein. Illite, which replaces adularia, is widespread and grades laterally eastwards into a zone of interstratified illite-smectite that envelops the Moonlight and Cowshed veins. During late-stage hydrothermal activity, rare calcite formed at depth and uncommon kaolinite and alunite formed at shallow levels. The overall clay mineral zonation with illite grading eastward into interstratified illite-smectite reflects paleothermal gradients of >220¦C to -170¦C towards the margin. The alteration assemblage of quartz, adularia, chlorite, albite, epidote, illite, interstratified illite-smectite and pyrite reflects formation from a near-neutral to weakly alkaline pH chloride water that contained low concentrations of CO2, Late calcite formed from very local descending steam-heated CO2rich water, whereas the rare assemblage of kaolinite and alunite formed from shallow steam-heated acid-sulfate water. Analysis of the available data indicates that the Martha Hill deposit and the Gladstone Hill area formed within a single large geothermal system. We infer that the Martha Hill deposit formed in the main upflow zone, whereas the Gladstone Hill area may have formed adjacent to this upflow zone.

Jan 1, 2001

Uranium ore at Sleisbeck, N.T., occurs as lenticular bodies associated with zones of bleached carbonized schists lying between walls of closely folded quartzite. The ore consists mainly of uranium micas with Borne pitchblende.INTRODUCTIONThe Sleisbeck uranium prospect is about 70 miles E. of Pine Creek, and 160 miles S.E. of Darwin (Fig. 1). The prospect consists of a well-defined, E.-W. trending line of hills, about I! miles long. The line is composed of 3 major hills called the Eastern, Central and Western hills, with minor interconnecting hills and outcrops (Fig. 2).

Jan 1, 1955

Recovery of Precious Metals from Chloride Solution by Magnetite The development of environmental-friendly lixiviants as alternatives to cyanide and the increasing recycling activities to recover precious metals from waste materials have prompted researchers to find efficient methods and alternative sorbents to recover precious metals, such as Au and Pt, from aqueous solutions. This study explored the use of magnetite (Fe3O4) as a sorbent to recover Au and Pt from chloride solutions. Magnetite is a semiconductor and has the capability of transferring electrons both within the solid state and across the solid-liquid interface and has the ability to reduce metal species on its surface. The sorption of AuCl4- and PtCl62- from NaCl solution on commercial grade magnetite powder was investigated by batch-sorption experiments. The effects of pH, contact time, NaCl concentration and precious metal concentration on the recovery were studied. Sorption experiments revealed that magnetite exhibited selectivity towards other metals with the strongest affinity for Au. Both Au and Pt recoveries showed similar pH dependence curves, with peaks at pH 6 - 7. At this pH range, a maximum of 4.4 ¦mol Au/g Fe3O4 and 3.0 ¦mol Pt/g Fe3O4 were recovered after 24 h at an initial metal concentration of 0.05 mol/m3. Increasing the initial precious metal concentration increased the Au and Pt uptake amount by magnetite. It was also observed that the recovery decreased with high NaCl concentrations. The SEM images of the magnetite particles after the treatment showed that gold, which was confirmed by the EDX analysis, agglomerated and were deposited on Fe3O4 surface.

Sep 13, 2010

By Walker G. S

A study of the crystalline materials on or near the surface of freshly made or "green" superphosphate granules and mature, "set" superphosphate granules was undertaken using X-ray diffraction, X-ray mapping, scanning electron microscopy and electron probe micro analysis techniques. Calcium sulphate (CaSO4), calcium sulphate hemihydrate (CaSO4 1/2H20), and mono calcium phosphate monohydrate (Ca(H2PO4)2H2O), were the only crystalline species present in the "green" superphosphate.In the set superphosphate however, additional compounds were present, namely complex iron and aluminium phosphates Ca(Fe,AI) H(HPO4hF2)2H2O, (Fe)3(H3O)H8 (PO4)6H2O and calcium sulphate dihydrate (CaSO4.2H2O).The complex phosphates tied up the major part of the Fe and Al in the system and were concentrated on or near the surface of the granule. An intimate mixture of CaSO4.2H2O, and CaSO4, along with the above mentioned complex Fe-AI compounds, crystallize close to the surface of the granule and cause the setting of superphosphate that takes place during storage.

Jan 1, 1980

Thirty mixed cultures of microorganisms from soil, water and mineral samples from the Groote Eylandt Mining Company mine site were approximately three times more effective in biodegrading manganese dioxide (34± 18 mg Mn++/1/day) than sixteen purified strains (11 ± 10 mg Mn++/1/day) isolated from the primary enrichment cultures. Two pure bacterial genera identified as a Pseudomonad and a Bacillus, with an excess MnOz and nutrient, were able to dissolve 106 mg Mn++/litre/day in mixed culture compared with 29 mg Mn++/litre/day when grown separately.

Jan 1, 1983

The ore, as sent to the sulphide mill, is a mixture, in varying proportions, of oxidized ore from above the 450-ft. level and sulphide ore from above and below (to date mainly from above) that level. The oxidized ore consists essentially of quartz, with varying amounts of kaolin and clayey material which passes into the slime and, in excess, creates a serious problem in settling. Pyrite may be present in small amounts. The gold is free and extremely fine.The ore, classed as sulphide, consists of pyritic material in a quartz gangue. The sulphides have been exposed to weathering, leaching by descending solutions and attack by ascending gases and actual burning. The alteration products occur in widely varying proportions and this variation adds to the difficulties in settling and control of grinding and flotation.Copper Minerals.-Chalcopyrite is the principal copperbearing mineral with smaller and varying amounts of covellite, which is sometimes associated with chalcocite, both these minerals being apparently of secondary origin.Examination of tailing by Dr. Stillwell has revealed all stages between clean chalcopyrite, chalcopyrite tinged with covellite, covellite with residual cores of chalcopyrite and clean covellite.The chalcopyrite is free floating, very few particles of clean chalcopyrite being observed in the tailing from granular flotation. The chief tailing loss is probably as chalcopyrite occurring as small inclusions in pyrite...

Jan 1, 1939

By D Mnller, J L. Mauk

The Oblaga Cu-Au skarn deposit and porphyry prospect is located in the south-eastern edge of the Gobi Desert in western Inner Mongolia. The deposit occurs within metamorphosed middle Paleozoic volcanic, plutonic and sedimentary rocks.   Ivanhoe geologists recognise eight main rock types in the area. Calcareous sediments include conglomerate, interlayered siltstone-sandstone, and limestone. Covering the calcareous sediments is a slab of thrusted biotite granite, and above it is rhyodacitic lithic tuff which, in places, is overlain by alluvial sediments. Various plutonic rocks and related intrusion breccias have intruded these units. Monzodiorite, quartz-monzonite and monzonite tend to form thin, high-angle intrusions and the youngest andesitic intrusions are generally wider and subhorizontal.   The Oblaga Cu-Au skarn, which occurs in the calcareous sediments, shows typical prograde and retrograde mineralogy. Petrographic studies show that prograde skarn minerals have been overprinted by retrograde skarn minerals, and original host rock minerals have been texturally obliterated and completely replaced. The mineralogy of the Oblaga skarn deposit is very similar to other Cu-Au skarn deposits worldwide.   Sericitic and minor chloritic alteration occurs throughout the study area and may relate to porphyry-style mineralisation. Generally, this alteration is not intense and most rocks have retained their original texture. Geochemical analyses suggest that K-metasomatism is not widespread at Oblaga. XRD analyses suggest an upward and outward transition from sericitic to chloritic alteration.   Comparisons between Oblaga and other porphyry Cu-Au deposits worldwide show that Oblaga has very similar characteristics to deposits that have undergone sericitic alteration. However, Oblaga is special because it also has relatively intense chloritic alteration, which is uncommon in other porphyry Cu deposits described in the literature.

Jan 1, 2005

THE object that the writer has mainly in view in presenting this paper is to draw the attention of those connected with the technical side of the industry to the unsatisfactory and by no means up-to-date methods employed in estimating the tin contents of an ore. At the same time, what is regarded, from the writer's personal experience, as a satisfactory and reliable method is explained in detail. It is a curious fact that for the last 25 years tin·assay methods have made little or no advance, while those now in general use ill connection with copper and lead ores can scarcely be compared with those then obtaining, so greatly have they been improved upon. Though it. is not altogether expected that the method herein advocated will at once meet with general approval, the writer hopes the resultant discussion may bring out points that have hitherto escaped detection.FIRE METHODSThe old Cornish method of smelting with anthracite is now obsolete. The cyanide assay, although unreliable, is still much used because of its simplicity. In the Malaya many buyers of tin ores use the cyanide assay, the smelting being carried out generally in a benzine furnace. It is essential that the smelting with cyanide be performed at a low temperature. Even then, impurities, such as Sb2S3 and...

Jan 1, 1912

By A M. Purba and A Sjadat, A D. Wilson

Ongoing mining of the East Ertsberg Skarn System orebody below the Gunung Bijih Timur and Intermediate Ore Zone caves has been relatively successful and a ramp up to 80 000 t/d was achieved in the Deep Ore Zone Mine. However, the distribution of production, the overall drawpoint availability as well as the rate of change of the cave back profile has not followed the anticipated path. Several key factors influencing cave growth and progress, grade variation, fragmentation, wet muck and surface subsidence have been recognised over the life-of-mine that now have to be taken into account for planning the later stages of mining.The paper will discuss the influence of geological controls of lithology and structure – how this as well as other contributing aspects have impacted ore flow, contributing to some of the widespread panel damage, and been a key factor in compacted draw columns and caused an accelerated appearance of water ingress. This in turn has rapidly changed the distribution of wet drawpoints requiring remote mucking and special controls that also affect the call from the remaining dry drawpoints. Comment is also made on the potential final cave profile if it continues along the current trend and some discussion is offered about possible mitigation measures if this were to come about.CITATION:Wilson, A D, Purba, A M and Sjadat, A, 2016. Progressing cave performance into the later stages of the Deep Ore Zone mine, in Proceedings Seventh International Conference and Exhibition on Mass Mining (MassMin 2016), pp 285–292 (The Australasian Institute of Mining and Metallurgy: Melbourne).

May 9, 2016

Tyre costs constitute 20-40 per cent of the operating cost of large haulage trucks, and tyre pressure maintenance is an important factor in minimizing costs.In the past, control over the hot (built-up) pressures of earthmover tyres has been inaccurate and inconsistent because it has not been possible, in a practical way, to measure the tyre's contained air temperature.A method for measuring this contained air temperature has now been devised using a bi-metallic probe thermometer inserted through the valve stem. Using these measurements in conjunction with a pressuretemperaturechart drawn up using the general gas equation, very accurate control over hot tyre pressures is now possible.

Jan 1, 1979

In preparing a paper such as this it was thought that the Newstan Colliery Company Ltd., being comparatively new, would need some introduction to mining people in general.The Newstan Company was formed by the Joint Coal Board in December, 1948 during a period of acute coal shortages. The Company took over the holdings of what were known as the Olstan and Northumberland Collieries, situated at Fassifern, alongside Lake Macquarie and adjacent to the Great Northern Railway, within easy rail access of Sydney and Newcastle, as shown on the locality plan (Fig. 1).The Company was developed in order to produce steaming coal for the power house trade and has continued its activities in the steaming coal trade since its inception. The Olstan and Northumberland collieries were together producing some 300 tons per day when the Company was formed, and it was from this foundation that the colliery was built. The planned development of the Company has been along the lines of producing coal by modern, highly mechanised methods, together with the preparation of theproduct for the consumer, to the highest degree possible consistent with up to date methods.In the comparatively short time of 5t years the mine has developed from a small hand-won coal unit to a high capacity modern mine, one of Australia's largest producers, with an output capacity as high as 3,000 tons per shift.

Jan 1, 1954

By B McCarthy

Mining has been typified of late as a boom and bust, cyclical industry operating against a steady decline in the size and quality of mineral deposits. Decreasing deposit grades and increasing costs of traditional mining techniques, all in the face of another commodity downturn, are forcing mining companies more than ever before to seek out new and innovative ways to operate. New technologies are emerging to model, control and track resources through the mining value chain, to move material about mines more efficiently, and to identify and separate ore from gangue early in the extraction process.Discovering such technologies however is only the first challenge for mining companies. Actually implementing technological change successfully has proved to be an even bigger challenge. Like for many industries, fulfilling the promised benefits for the expense and timing envisioned, has not been easy when innovative technologies are introduced.Citing the author’s insights and experiences in a number of emerging technologies, this paper explores barriers to implementing technological change in the mining context. Key elements of a change management framework, first developed for implementing mine management systems, are described to give mining executives insight into how they and their organisations can succeed through technology-driven change.CITATION:McCarthy, B, 2016. Successfully implementing technology-driven change in the mining environment, in Proceedings International Mine Management Conference, pp 89-104 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Jun 22, 2016

In blasting large tonnages of ore or material, the economy of the operation 'depends mainly on the mine manager's judgment in placing the holes to the best possible advantage and in determining the most effective size of hole to suit the conditions and requirements.The placing of holes is often looked upon as a problem involving so many uncertain factors that the application of simple mathematics is impossible. The uncertain factors arise when dealing with strata of different character, in hardness toughness and resistance to shearing.A study of the practice at many mines where all types of strata from hard ore to relatively soft overburden, and even coal, is being mined, suggests that the problem is not as complex as generally believed. There is, without doubt, some uniformity in the amount of burden given to holes of equivalent dimensions, regardless of the material being mined. The reason is simple. With too great a burden hard rock will not break out and soft rock will "bull". The nature of the strata is taken care of by the strength, quantity and distribution of the explosive charge and, to some extent, the spacing of the holes.It is because burdens are uniform in all classes of strata met with in mining, that a formula can be used to design blast hole layouts.The formula introduced in this paper is empirical as it is based on prevailing practice. It has been tested and proved remarkably accurate against every example available to the writer. Many thousands of blast holes, at many different mines, are represented by the examples given in the attached tables; to give further examples would only mean, unnecessary repetition. At the Mount Morgan Mine...

Jan 1, 1952

Recently published extensions to the mill-dump cutoff grade theory for joint open pit-concentrator operations lead to equations that must be simultaneously satisfied as a necessary condition for an optimal operating policy. These equations are parametrically dependent upon ore quality parameters, other than grade, relating to the ease of recovery of the disseminated mineral in the concentrator. Since it is not possible to treat quantities of ore corresponding to the size of selective mining units separately in the concentrator some mixing is inevitable and often deemed desirable in the interest of homogeneity of mill feed. This renders the calculation of cutoff grades for individual mining units futile; mining units must be grouped to form larger parcels that can be dealt with separately. In doing so an opportunity cost may be incurred; the loss of potential benefit that would result from such separate treatment. This matter is considered from a theoretical, qualitative, point of view. A numerical example then shows that a significant variability in the quality parameters can be tolerated without incurring such opportunity cost, provided sufficient knowledge is available concerning the distribution and effect of these variables to enable the use of effective mean values of these parameters in the cutoff grade calculation. Lack of such knowledge can have major consequences for the economics of the operation.

Jan 1, 1981

By A Grant, H Thomas, C Clarke, B Fuller

Native seed and plants are often a core input into the rehabilitation process of mine closure. Native plant establishment rate and performance is a function of many input elements including seed quality (purity and germination percentage), processing, treatment, storage, supply chain handling, application and ongoing management. Traditionally native seed has been supplied with very limited supporting information which in some cases has led to establishment failures, repeated attempts at successful plantings, and biosecurity issues, leading to increased rehabilitation costs for mining companies. Product procurement scrutiny, and sustainability credential requirements, in all supply chains is increasing the need for transparent, accurate, verified, and certified information. This collectively continues to evolve towards a social license to operate in all industries, including mining. The Australian Seeds Authority (ASA), in partnership with native seed supplier AustraHort, traceability software company Trust Provenance and supporting partners including Transport for NSW and Queensland Transport and Main Roads (TMR), were recipients of a DAWE National Traceability Grant. The project team has developed a framework and traceability software platform currently being piloted within the Australian native seed industry. The framework and platform allow for all critical-tracking-events along the journey of a native seed batch to be easily captured utilising a smart phone application (APP) and the global standard for data capture. The platform provides a unique identification for each batch of seed and critical tracking event. The batch ID belongs to that batch and all supply chain stakeholders can contribute to batch traceability by providing more information/data to increase information integrity. This gives the end user, and other stakeholders, increased levels of trust in the product to support value, increase efficiency and reduce costs. For mining companies these efficiencies and cost reductions are in the form of information availability across site/company, potentially improved vegetation establishment, less rework and efficient monitoring. Ultimately this contributes to safe, stable and sustainable rehabilitation. By capturing data on harvest, logistics, storage (including temperature and humidity), aggregation/blending, treatment, application and ongoing management, the native seed industry and end utilisers of native seed have a greater level of product integrity, brand integrity and information integrity.

Aug 2, 2023

The Golden Ridges Mine, one of the properties of New Guinea Goldfields Limited, is situated on the right bank of Nami Creek, not far from the township of Wau, in the Territory of New Guinea.The property is somewhat unique, in that the goldbearing ore-body occurs in the form of a flat seam-like deposit lying on a volcanic breccia, and covered with a mantle of overburden of decomposed porphyry. The overburden varies in thickness up to a maximum of about 65 ft.The ratio of overburden to ore is about 3 to 1. The practice developed is to strip the overburden by hydraulicking, and to mine the exposed ore under open-cut conditions, blasting to a vertical face, and using electrically operated scraper hoists for conveying the broken ore to the mill bins.The stripping of the overburden involves the boring of well-drill holes, blasting the holes and then hydraulicking the shattered material.

Jan 1, 1934

Delivered at the University of Sydney, on June 4th, 1954.THE TORCH WE HOLDLast year Our Institute celebrated its Diamond Jubilee, coincident with the holding of the Fifth Empire Mining and Metallurigcal Congress in Australia and New Zealand. We can be proud of our growth over the 61 years since the inaugural meeting in Adelaide in April, 1893, which followed suggestions from a provisional committee of mining men, formed in 1892 in Broken Hill.We can also be proud of our technical achievements in the fields of economic geology, mining and metallurgy.Should we be content with the growth of our mining and metallurgical industries over these years? My answer is in the negative. The discovery of new mineral deposits is essential for the continuance and development of the industries we represent.Let me review the background and trends of our industry in an attempt to emphasise the changing factors influencing the search for minerals and their exploitation.Australia was blessed with the discovery of coal in New South Wales in 1796; copper in South Australia at Kapunda, Burra, Wallaroo and Moonta in the eighteen-forties; gold in Victoria and Eastern Australia in the 'fifties; tin at Mount Bischoff, Tasmania, and gold at Charters Towers, Queensland, in the 'seventies; lead-silver at Broken Hill, New South Wales; gold and copper at Mount Morgan, Queensland, and copper at Mount Lyell, Tasmania, in the 'eighties; and gold at Kalgoorlie, Western Australia, and zinc-lead atRosebery, Tasmania, in the 'nineties. As well, the iron ore deposits of the Middleback Ranges, South Australia, and Yampi Sound, Western Australia, were known before...

Jan 1, 1954

By Nicol S. K, Swanson A. R

The poor flotation response of many coals has in the past been attributed to such factors as differences in rank, differences in degree of oxidation, differences in petrographic composition, or slime coatings. The present work shows that while all these factors undoubtedly influence flotation, the size distribution of the feed may override these. Evidence is presented which shows how this factor can lead to substantial losses of coarse coal (>250 µm)from a coal which would normally be considered amenable to flotation. Reasons for this loss of flotation response are suggested together with means of overcoming the problem.

Jan 1, 1978

In an earlier paper (Stanton, 1953) a brief account was given of the geological environment and structure of the Lloyd Copper Mine orebody, Burraga, N.S.W. The present paper is concerned with the chemical and mineralogical features of the ore from this mine.Investigation has been made difficult because of inaccessibility of the workings, which have been fallen in for many years. The exact positions within the orebody of the specimens described in this paper are known in only a few cases. The specimens examined are from the collections of the Mining and Australian Museums, Sydney, and from material collected by the writer from the upper parts of the mine and from various dumps about the old workings.However, no significant variations in the nature (as distinct from grade) of the ore have been mentioned in the old reports, or by Carne (1908) or Kenny (1928), so it is likely that the specimens examined are reasonably representative of the orebody as a whole.CHEMICAL CONSTITUTIONThe ore is of simple and apparently very uniform composition.It is essentially a copper ore, with minor amounts of zinc and very minor amounts of lead. Plotting of copper against zinc shows a more or less sympathetic relationship between these at least as far as 20 per cent. copper - the highest grade assayed during the present investigation. The trend of the plots indicates a Cu/Zn ratio of about 15/1 to this point. Lead is very low and extremely sporadic, showing no clear relationships with the other metals.MINERAL COMPOSITIONThe principal non-opaque minerals are quartz and sericite, and these are accompanied by smaller quantities of muscovite, calcite and biotite. Quartz is the most abundant mineral, occurring both as a C'onstituent of the country rock a quartz-sericite schist-and as veins. All quartz aggre...

Jan 1, 1955