Search Documents

Future metal prices play a direct role in both the economic evaluation and short to medium planning of a mine scheduling sequence. It is difficult to predict with accuracy the future price of volatile metal commodities, however, it is possible to fix some future metal price, outside of long term contracts by the selling of futures contracts through a commodities exchange. The futures contract represents a fixed amount of a speci- fied quality of a commodity for future delivery at a predetermined price. Several different types of hedginc are possible, one in particular which is best suited for mining companies. There are relative advantages and disadvantages when trading in futures contracts and particular reference is made to gold contracts on the Sydney Futures Exchange.

Jan 1, 1980

By Eupene GS

The valuation of exploration properties which contain no identified resources or reserves is the most subjective of all valuation tasks likely to be carried out by a geologist. The geoscience rating method proposed by Kilburn (1990) recognises this inherent subjectivity but also attempts to apply some discipline to the valuation process. Some other methods used for valuations of this type clearly lack discipline and are open to misuse and abuse. The Kilburn method essentially requires the practitioner to justify all aspects of the valuation process. The valuer must specify and, more importantly, quantify aspects which enhance or downgrade the intrinsic value of each property. The intrinsic value is called the ""base acquisition cost"" (BAC) and it represents the average cost to identify, apply for and retain a base unit of area of title. The BAC and base unit of area both vary with different types of exploration and mining title but remain constant for similar types of titles in the same mineral tenure regime. In the Kilburn Method the enhancement/ downgrading factors are determined by the geotechnical prospectivity (Kilburn Method) within the title. A modified version of the Kilburn Method presented here (""Modified Kilburn Method"") also focuses attention on other real variables besides the geotechnical attributes which influence valuations of this type, viz., competition for tenure and activity in the markets in which the exploration properties are being traded. The most active such market at present is the stock market. By utilising uniform BACs and base units of area (for similar titles) for all exploration properties (in practice in Australia this is only possible within a particular State or Territory), the method exposes the valuer's opinions of each of these variables to the scrutiny of the investor. The investor (or his professional adviser) is afforded the opportunity to directly compare valuations on different properties by different practitioners and can assess how the final valuation is weighted in respect of geotechnical prospectivity, competition for tenure, and stock/financial market sentiment. No other method currently employed in Australia to value mineral exploration properties affords the investor this `luxury', which some may argue is their right.

Jan 1, 1994

The metallurgical testwork program is generally the most important critical path item for the completion of a bankable feasibility study and hence can become the critical parameter for financing of potential mining projects. This paper presents generic detailed testwork programs suitable for bankable feasibility studies for a gold leaching and polymetallic flotation study. The design of the metallurgical testwork program for each of the two differing processes is discussed and the critical factors that effect the selection of the testwork programs are highlighted. The importance of the metallurgical testwork results in predicting the metal recoveries and cash flow prediction for the project is presented. The detail of the testwork programs costing is broken into activity based methods based on the laboratory and management hours/costs, such that generic rule of thumb costing guidelines can be generated. The scheduling, costing and importance of the metallurgical testwork program to process feasibility studies are discussed in this paper.

Jan 1, 2000

As an Inspector of Mines in Queensland, my main responsibilities include the enforcement of the Mining Act 1968 - 1986, the Mines Regulation Act 1964 - 1989 and the Metalliferous Mining regulations 1989 to promote the safe and responsible exploitation of the States' mineral wealth.An important adjunct to this task is the offering of an advisory service to the mining industry. However, in the pursuit of my duties to this regard, I have sadly observed in some cases, numerous wrong doings and negative activities by miners which have led to their ultimate demise, not to mention that of others. Despite what I consider corrective advice, I have witnessed, again in some cases, disregard and blind pursuit for the wrong end.This then is a novel approach to get the message home in the form of a light hearted cartoon presentation relating the saga of an average Aussie battler entering the mining game unprepared, making the wrong decisions due to his own ignorance and the cleverness of others, leading finally to his and possibly others' downfall.

Jan 1, 1990

As this Seminar is on "Progress - Mining and the Environment", I am taking the liberty of extending my address beyond the scope implied by the subject, "Rehabilitation of Mined Land", with a preliminary discussion on broader economic issues relevant to "Progress and Mining in Western Australia" before discussing its effect on the Environments Western Australia is nearly one million square miles in area and has a population density of approzimately one person per square mile. Because of its vastness it has wider climatic variations than any other Australian State. The north is tropical and the south is in the temperate zone. The major portion of the State is an arid plateau with less than 10 inches of mean annual rainfall. The climate, rainfall and soil conditions of the South-West region are more favourable to agriculture than any other part of the State and consequently was settled first. The immediate need of the colonists being food and shelter, the early economy was based on farming and forest products.

Jan 1, 1971

By J M. Dwyer, S Williamson

Acceptable post-closure performance of decommissioned mining operations is a critical factor in persuading todayÆs environmentally conscious public that the mining industry will not continue to burden future generations with the legacy of environmental tragedies. Post-closure impacts must be identified and managed through robust engineering design if the post-closure environment is to be environmentally sustainable. To manage potential post-closure risks (environmental, health, safety, social and economic) within acceptable limits, WMC incorporates a risk-based approach to closure planning and engineering design. WMCÆs risk-based closure engineering design process provides a simple methodology for developing robust closure plans û the process æengineers outÆ unacceptable risks and æengineers inÆ a sustainable post-closure environment. Benefits of the risk-based process include stakeholder endorsed closure criteria for an agreed post-closure land-use, focusing of resources on major risks, and a realistic and accurate estimate of the required closure provision. The outcome is an increased likelihood of satisfying the three pillar goals of sustainable development û a financially sound solution that poses a low risk to the environment and future generations.

Jan 1, 2003

The ER&S Company operates a copper sinter plant, blast furnace and converter smelting complex at Port Kembla. Eighty percent of the smelter feed is dirty copper concentrates that contain some lead and zinc. The remaining twenty percent of the smelter feed is copper bearing secondary materials, some of which contain lead, zinc and tin. A predominately lead/zinc fume is produced during the smelting and converting of this feed mix. The composition and tonnage of fume produced at Port Kembla has varied over the years as the smelter feed sources have changed. The economic processing of the fume has always been dependent on the value of the metals contained in the fume and on the fume composition. Both pyrometallurgical and hydrometallurgical methods have been used to treat the fume for the recovery of some or all of the following metals - lead, zinc, tin, copper, cadmium, silver and bismuth. A detailed description of the treatment methods that have been investigated and used to process ER&S fume is given.

Jan 1, 1984

By N J. Betts

This paper aims to build on the strong emphasis that was placed on safety in the Sydney AITES-ITA Congress in March 2002. It will do this by comparing safety records from some major tunnelling projects in Europe and Australia over a period commencing in the second half of the 19th century to the second half of the 20th century and examining reasons for the apparent marked improvement that appeared in the 1980s. Further by looking at the relationship between this improvement and current trends in the australian industry by means of a detailed review of the safety record for the Northside Storage Tunnel project in Sydney which was completed in mid-2000. The paper will conclude by providing a summary of the progressive approach adopted by the minerals industry in australia and summarising the current state of tunnelling and underground construction in australia with respect to recently completed projects and potential major initiatives.

Jan 1, 2003

Opinions vary widely within the community on what are legitimate environmental social respon- sibilities. The extreme conservationists see the responsibility as the total preservation of the natural environment achieved by opposition to all forms of industrial development that would disturb it. The `growth-at-any-price men' consider it more important to stimulate economic growth, develop new industries, and maximize profit letting the environment take care of itself: within this wide spectrum of concern are the middle-of- the-road men, part of the vast majority, fully aware of the need to compromise to achieve a satisfactory economic growth rate whilst pre- serving to the greatest extent practicable the con- ditions upon which we depend for a balanced self-perpetuating existence. Environmental change is not new. It is the inevitable accompaniment of human activity. Plato wrote in the 5th Century B.C.* of the devastating changes wrought by man and his animals on the ancient world of the Mediter- ranean. Down through the ages rural development to *The Dialogues of Plato: `What are now her moun- tains were lofty, soil-clad hills; her so-called shingle plains of the present day were full of rich soil; and her mountains were heavily afforested-a fact of which there are still visible traces. There are moun- tains in Attica which can now keep nothing but bees, but which were clothed, not so very long ago, with fine trees producing timber suitable for roofing the largest buildings; and roofs hewn from the timber are still in existence. There were also many lofty cultivated trees, while the country produced bound- less pasture for cattle. The annual rainfall was not lost, as it is at present, through being allowed to flow over the denuded surface into the sea, but was received by the country, in all its abundance, into her bosom, where she stored it in her impervious potter's earth and so was able to discharge the drain- age of the heights into the hollows in the form of perennial springs and rivers throughout the land.' provide the necessities of life for expanding populations has required the destruction of vast areas of forest. Industrial activities over the last 200 years have discharged enormous quantities of solid wastes, liquid and gaseous effluents that were environmental pollutants of the worst kind. Urbanization has drawn people, their machines, and industries into vast concentrations aggregat- ing the environmentally bad effects of each to the extent that there is evidence that through thermal pollution these large urban industrial complexes nrp nffPrtina raainnnl rlimnta.c

Jan 1, 1978

There is very little in Australian mining law that sets out the rights of mining tenement and exploration licence holders as against other parties who wish to carry out ground or aerial surveillance over those areas.There have already been several legal actions arising out of this lack, and more can be expected as the public places more rigorous constraints on corporate and individual behaviour. Field personnel, who are mainly fairly junior and less experienced, are entitled to some guidance from the minerals industry, guidance which up to now appears to have been either lacking or covering such a wide range of standards from corporation to corporation as to be virtually useless.Because each State writes its own laws there is no consistency, and the laws generally are lagging behind developments in the industry. In particular, the practice of granting mining tenements for sporadic exploration, a practice that is a leftover from much earlier mining law, has dotted the Australian continent with unattended and unmarked or poorly marked tenements that are difficult to find but confer on the holder prior rights to the minerals under them. Entry onto those areas in most jurisdictions is an offence and their existence compromises the efforts of regional explorers.This clearly unsatisfactory situation requires remedying, which is the purpose of these proposals. A more systematic approach to the granting of reconnaissance, regional and detailed exploration, mining, and retention rights will eliminate much of the problem. For the rest, a code of practice needs to be adopted as soon as possible.

Jan 1, 1996

By E Ahern

In exchange for issuing minerals rights from the Crown Mineral Estate to explorers and miners, the Crown expects a æfair returnÆ on this investment, ultimately for the benefit of all New Zealanders. In the case of mining permits, this return is in the form of a tangible asset û royalties from mining activities. But for exploration activity, the return sought by the Crown is an intangible asset û information. The information obtained serves three purposes û in helping Crown Minerals to set work programme conditions during permit allocation, for monitoring the performance of permit holders in accordance with permit conditions, and for archiving and making available for future interested explorers and other parties. Difficulties can arise during the allocation and monitoring process when either party has more information than the other that is not shared. To date not enough emphasis has been placed on the intrinsic value and content of the information generated by explorers and the importance this information can have in the exploration process leading to new mineral discoveries. For attracting exploration investment, the quality and availability of such information, combined with other geoscientific data, is a fundamental determinant for potential explorers when choosing to explore in a global market, and strongly defines the mineral prospectivity for a country. This is something the Australian States and other jurisdictions seeking mineral investment learnt long ago, and who now provide substantial amounts of cheaply or freely available packaged geoscientific datasets, increasingly over the Internet. To have a vibrant mineral exploration industry so that the benefits from the mineral estate can be realised for all New Zealanders, a shift in emphasis to the value of its mineral information base itself is required. Such an approach is befitting of a true Knowledge Economy, and would enable the Crown to make better-informed decisions regarding utilisation of its natural resources.

Jan 1, 2002

By Gilligan P

The Selwyn gold-copper operation is wholly owned and operated by the Arimco mining group. The mine is located 150 kilometres south-east of Mount Isa. The primary extraction method for the gold-copper 251 orebody is by sub level open stoping. Secondary extraction is from the mass blasting of the remaining crown and rib pillars. The final mass blast of the 251 orebody occurred in December 1993. This paper details the design and execution of that firing.

Jan 1, 1994

By Robertson GE, McLaughlin JD

An extensive laboratory campaign was conducted to find a suitable water soluble collector to replace diphenylguanidine (DPG) in the matte separation process. The examination of the collectors was done by measuring the rate of flotation and the best candidate collectors were selected on the basis of the rate parameters. As a result of this search mercaptobenzothiazole (MBT) was selected for a plant trial. A plant trial of two weeks duration confirmed that MBT will produce separations at least as good as those obtained with DPG.

Jan 1, 1993

Uranium minerals were found in Australia as early as 1869, but it was not until the 1940's that a search specifically for uranium was begun. Instrument types and techniques used in early exploration are still used today, but have been developed into more sophisticated and portable types. Recent improvements in exploration have been the introduction of the gamma ray spectrometer, radon sampling and geochemical surveys. The environments of presently defined uranium deposits are predominantly sedimentary. Known deposits in igneous environments are usually small. The size of targets which are likely to provide economic deposits is of the order of 10,000 tons U308, producible at a cost of less than $10 per pound. Such targets are most likely to be in Precambrian sediments or in granitic masses. Recent exploration in Australia has included investigation of Precambrian sediments, Precambrian and Palaeozoic granites, Mesozoic and Tertiary sediments, Precambrian volcanic rocks and brecciated masses of unknown age. The origin and method of emplacement of uranium in these environments is not well known but there are indications that syngenetic sedimentary processes are important, and volcanic rocks may make a major contribution to the supply of uranium.

Jan 1, 1970

By Noller B. N, Mine F. J

Modem open cut and underground mining in the tropics inevitably expose partially weathered and unweathered rocks to oxygen and water, leading to weathering and the release of solutes and often acidity as well. Historical monitoring data can demonstrate these phenomena. Three case studies from open cut mines in the north of the Northern Territory illustrate the deterioration in quality of pond water receiving drainage from waste rock dumps. The potential for deterioration of water quality was not recognised in many mine Environmental Impact Statements prepared and accepted in the 1980s. The examples documented indicate the importance of adequately planning for this near inevitable process. Retrofitting a mine water management system to 'no' or minimal release can be very difficult and expensive, and may not be feasible, leading to downstream pollution. The characterisation of acid and solute production potential of ore and waste rock, and improved dumping strategies and water management are very important to minimise the environmental impact of mining in the tropics.

Jan 1, 1994

Two continuous computer controlled, remote air analysis (RAA) systems operate at The Zinc Corporation, Limited (ZC) to give early warning in case of an underground fire at ZC or New Broken Hill Consolidated Limited (NBHC) mines. Air drawn from underground sampling points via a tube bundle system is analysed for carbon monoxide and carbon dioxide. An alarm is sounded if the concentrations of these gases exceed bench mark figures.

Jan 1, 1983

The role of automation in the environmental management of the various stages of mining projects is discussed. Remote sensing can be useful in the exploration phase, but tends not to have sufficient resolution for individual operations. Automatic samplers, whether for meteorology, air or water, are widely used, but can have operational problems. The environmental scientist, the electronics engineer and the computer programmer must combine in the future to develop products which are applicable, robust and simple to use.

Jan 1, 1985

By T C. Hughes, R Hughes

Ausmelt has developed and commercialised high temperature reactor technology that has been applied to waste processing in the form of a catalytic waste converter (CWC). Ausmelt Technology uses a top submerged lance system within a versatile converter containing an oxidised molten siliceous slag. Metals and other valuable products can be extracted from wastes for recycle into the community. Non-valuable components such as toxic organochlorinated compounds are destroyed and prevented from reforming. The slag produced is inert and can be safely used in building and concreting. The CWC can be applied to practically all types of wastes and examples from Ni-Cd batteries to toxic wastes are discussed. Additional benefits can be derived from large-scale operations if the surplus heat generated is exploited to produce steam and electricity.

Jan 1, 2000

By A D. Farmer

Power ultrasound may be used in a number of ways to enhance the processing of minerals. It is both technically and commercially feasible to apply ultrasound to leaching processes in order to enhance the removal of contaminating minerals, or the rate and ultimate recovery of valuable mineral. When applied to the production of synthetic rutile from reduced ilmenite produced by the Becher process, its use proved beneficial to both the aeration and the final acid leach process. The enhanced performance is achieved through the very localised high energy release at the mineral surface from the collapse of cavitation bubbles produced by power ultrasound. This gives rise to two effects: initially, the rapid cleaning of mineral surfaces û of oxidation products and coatings of fine adhering gangue minerals û and the attenuation of the boundary layer at the mineral surface during leaching, which allows fresh leachant to contact the surface more readily.

Jan 1, 2000

Australian mining practice operates at the forefront of technology. In recent times Australian designers, contractors and operators have shown many examples of technical "entrepreneurship" in solving geological mining and metallurgical problems. Developments have occurred in the fields of equipment, processing, operating techniques and training which have relevance to the mining industry in other countries. Our mineral exports play a key role in main- taining the viability of the Australian economy. Although the export potential of our specialised equipment and technology is at a much lower level it is a growth area. The export of our mining technology can continue to be basically the result of individual efforts but the question of whether it would be war- ranted and desirable, to establish a coordinating structure should be examined. Existing and new initiatives by the Federal Government indi- cate the Government's interest in the export of technology. The mining industry should take a proactive role formulating policy and programs within its technical jurisdiction.

Jan 1, 1988