Search Documents

By D Chalmers, C C. Harb

The detection and control of gas levels in mining is a continuing challenge for the industry. Standard detectors have many problems that could be overcome with laser based spectroscopic instruments, but to date these systems have not been suitable for mining conditions. This paper reports the development of a new digital data extraction scheme to modernise traditional cavity ring down spectroscopy (CRDS). CRDS is a direct cavity enhanced laser based absorption technique, which is used to allow the identification of an unknown substance by their molecular fingerprint; this unknown substance is identified by analysing the ring downtime of the light exiting the optical cavity. Traditional CRDS has many issues when analysing substances in hostile environments, or when multiple species may be present. This presents an alternative approach, called real-time CRDS (rtCRDS) that has the potential to overcome many of these issues and produces systems that could be used in the mining industry. The system utilises newly developed widely tuning quantum cascade lasers combined with improved optical cavities and novel digital data extraction to produce spectra over a 1500 nm range in a few seconds. The ring downtime measurements produced are accurate and have high sensitivity and maximum signal to noise ratio. This paper discusses the technique, illustrating the advantages compared to traditional systems and show real-time spectra for a set of molecules of interest to the mining industry. This paper also provided an analogy between this approach and that used in digital communications systems, and shows that this scheme is ideally suited to provide a network of sensors in hostile environments.CITATION:Harb, C C and Chalmers, D, 2015. Real-time methane detection – modern digital laser spectroscopy for hostile environments, in Proceedings The Australian Mine Ventilation Conference, pp 161–166 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Aug 31, 2015

By T Clemens, D Trumm

Adopting environmentally acceptable practices in New Zealand is a crucial requirement for mineral wealth development. Recent planned expansions in the coal industry have increasingly placed mining in the media spotlight. A lack of appropriate national environmental guidelines has resulted in inconsistent responses and assessments of current and prospective mine sites. Such inconsistencies have lead to delays in decisions on developing economic mineral deposits that may have only minor short-term impacts, and have also allowed unacceptable environmental management practices to continue elsewhere.   A research collaboration between CRL Energy, Landcare Research, University of Canterbury and University of Otago aims to provide regulator groups and the mining industry with a unified approach to the requirements of the Resource Management Act 1991, which is the legislation that predominantly drives the nationÆs environmental policies and guidelines. The tangible outcome of this research programme will be guidelines for an integrated decision-making framework based upon robust multidisciplinary science. The result of this unified process will facilitate the development of viable mineral deposits and prevent excessive environmental impacts.   The framework will be derived from a synthesis of four objectives. Objective 1 identifies potential water quality impact. This objective is based on a targeted geochemical study of the lithology and waterways of the West Coast and Southland. Objective 2 categorises the degree of impacts on the ecology of receiving aquatic ecosystems and determines the processes that drive aquatic ecosystem recovery. Objective 3 identifies best strategies to sufficiently manage impacted ecosystems, and to prevent future unacceptable impacts. Objective 4 combines the findings of Objectives 1 - 3 into a standard decision-making framework. The development of this framework development will include wide consultation with representatives of the mining industry and regulator groups. It is anticipated that this multidisciplinary approach will provide a robust and coherent, standardised system that will assist in achieving industry and environmental targets.

Jan 1, 2004

By J H. Park, R R. Kim, H S. Park, H J. Kim

This study focuses on the recovery of valuable metals, specifically silver (Ag) and palladium (Pd), from copper-containing sludge (with copper content less than 20 per cent) generated during PCB processing and from spent petrochemical catalysts used in vapour decomposition during oil refining processes. The present results indicate that an increase in the mixing ratio of alumina-based spent catalyst leads to a decrease in the recovery rate of Ag and Pd. The recovery rates for Ag and Pd range from 84 per cent to 96 per cent and 80 per cent to 98 per cent, respectively. This trend is attributed to the increased emulsification of copper droplets containing Ag and Pd in the slag. The emulsification is caused by the decrease in the settling velocity of the copper droplets due to the increased viscosity of the slag as well as by the decrease in the slag-metal interfacial tension due to an increase in sulfur content at higher mixing ratio of spent catalyst.

Jun 19, 2024

By M Sykes

Gold was initially discovered at Ballarat in 1851. After initial alluvial mining, underground quartz mining commenced in 1853, continuing until 1918. The historic miners were considered to be capable of mining anywhere in the world after overcoming the difficult conditions within the Ballarat goldfields. Whilst mining has changed dramatically since the early 1900s the challenges with underground mining at Ballarat have not. Modern pumping systems cope with the moderate water inflows. However, modern machinery and efficient mining methods influence opening sizes and extraction techniques. In some cases modern techniques have accentuated the challenging ground conditions and complex orebodies that were faced by the historic miners. As the Ballarat East project has progressed towards production, technical challenges relating to geomechanics and mine planning are being resolved resourcefully.

Jan 1, 2008

By Napitupulu P

PT Freeport Indonesia currently operates a concentrating complex capable of milling 127 000 metric tonnes per day of copper and gold hearing ore. The facilities consist of both a conventional crushing, ball mill and flotation circuit and a SAG, ball mi

Jan 1, 1997

By C Chen, T Kan

The distribution ratio of Pb (LPb s/m) between three types of slags (FeOx–SiO2, CaO–FeOx and FeOx– CaO–SiO2) and molten copper after equilibrium was measured at 1300°C and oxygen partial pressure (pO2) of 10-10–10-6 atm. Results showed that for FeOx–SiO2 slag, the LPb s/m increased from 0.024 to 2.57 with pO2 increased from 10-10 to 10-6 atm. The LPb s/m with CaO–FeOx slag was lower than the FeOx–SiO2 slag at the same pO2, ranging between 0.015 and 0.53. Using the FeOx–CaO– SiO2 slag generated LPb s/m values (0.02–1.6) in between. The oxygen partial pressure in the investigated range had no obvious effect on the activity coefficient of PbO (γPbO) which was averagely 0.44, 1.70 and 0.71 for FeOx–SiO2, CaO–FeOx and FeOx–CaO–SiO2 slags, respectively. The increases in the (CaO+MgO)/SiO2 mass ratio of the FeOx–CaO–SiO2 slag induced the decrease in the LPb s/m and the increase in the γPbO value. However, the variation in the Fe/SiO2 mass ratio didn’t exert obvious effects.

Jun 19, 2024

By L N. Loganathan

Risk exposure in tunnel projects is extremely high due to various factors such as variability of subsurface conditions, selection of inappropriate design and tunnelling methods, improper risk assessment on adjacent surface and subsurface structures and utilities, and inadequate contractual practices. The risks in tunnelling must be borne by the contractor, designer and the owner of a tunnelling project. There have been a number of improvements in the last ten to 15 years in the manner in which tunnel projects are developed and implemented in terms of their design, construction, financing and operations. One significant improvement has been the manner in which underground conditions and their risks are being managed. Owners are less willing to transfer the full responsibility to the contractor for managing the underground conditions, although this is a familiar manner in which underground major urban projects have been previously contracted and managed. The owners of tunnel projects in Singapore have advanced the risk management process for their projects through geotechnical interpretative baseline reports (GIBRs), geotechnical data reports (GDRs) and project specifications (PSs). This paper discusses industry practice and its development as well as the application during the preparation and use in Singapore on the Deep Tunnel Sewerage System (DTSS) and the Marina Coastal Expressway (MCE) project in Singapore. The DTSS trunk sewer is 48 km and ranges from 3.3 m to 6 m finished diameter up to 50 m below the ground. The underground conditions ranged from Old Alluvium, strengths of about 1 MPa to competent Bukit Tima granite, with strengths of over 230 MPa. The total route length of the MCE is about 5 km. About 3.6 km will be constructed underground, consisting of dual five-lane carriageways. The underground construction will be cut-and-cover, and 2.6 km will be constructed about 13 m underground, and 1 km of tunnel will range from 13 m to 24 m as the tunnel passes under a 420 m wide reach of Marina Bay, whose crossing will be constructed as a two-phase cofferdam.

Jan 1, 2008

By E R. Ramanaidou, M A. Wells

Reflectance spectroscopy is now an established technique for mineral exploration and ore characterisation. The efficacy of the technique as a tool to characterise the main iron ore and gangue mineralogy at African Minerals Ltd’s Simbili iron ore deposit in north-central Sierra Leone was tested through reflectance spectroscopic analysis of 13 000 pulped drill reserve samples using CSIRO’s HyLogger-1™ system. Specifically, integration of reflectance spectral data with more traditional methods of analysis, such as geochemical analysis and Satmagan measurements, characterised the mineralogy (ie hematite versus goethite) of the oxidised ore at Simbili, quantified the Al associated with goethite and hematite and evaluated the distribution of the main gangue minerals – kaolinite and gibbsite. Relative changes in the Fe2+/Fe3+-bearing oxide and silicate mineralogy, based on mineral indices derived from reflectance spectroscopic measurements, appeared well-related to changes in the ore profile mineralogy consistent with the main ore types identified at Simbili, as representative of an oxidised banded iron formation sequence. Spectral calibration models, developed from a well-characterised training set of mineral mixtures, representative of the oxidised ore zone mineralogy were used to quantify the distribution of Al associated with kaolinite and gibbsite and the iron oxides, goethite and hematite. Combining these mineral spectral parameters with compositional data enabled the differentiation of Al-substituted goethite and hematite and resulted in the identification of low Al-bearing, or ‘clean’, goethite and hematite from high Al-bearing, or ‘dirty’, goethite and hematite. Spectral quantification of the iron oxide Al composition provides a far more rapid means of quantifying the Al substitution in iron oxides at the deposit scale compared to traditional techniques such as X-ray diffraction analysis. It also enables a level of volumetric characterisation and the potential for large-scale (ie three-dimensional) mapping, which was not previously possible with other techniques. The potential of the technique was also highlighted when mapping the distribution of the main Al-bearing contaminants (gibbsite and kaolinite) identified in the oxidised ore zone at Simbili. Delineation of such zones provides a guide to managing the most appropriate processing options (ie upgrade potential) within a mineralogical framework. Three-dimensional modelling of the gangue phase distribution may also allow the mapping of lithological and/or structural controls that may be prevalent at Simbili. This work highlights the value in the application of HyLogging™ technology for rapid resource characterisation, particularly for volumetric identification and mapping the distribution of both the economic and gangue phases, which otherwise would be difficult to achieve. As such, the technique can provide a fast and inexpensive means to evaluate ore and gangue mineralogy at the deposit scale and provide a first-pass assessment of the mineralogy and compositional attributes, with the potential to better predict ore metallurgical properties.CITATION:Wells, M A and Ramanaidou, E R, 2015. Waste not, want not – delving deeper into the Simbili iron ore deposit using HyLogging™ scanning technology, in Proceedings Iron Ore 2015, pp 337–346 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Jul 13, 2015

By Nikaido M, Kanda Y

A rotary type separator has been developed which separates particles on the basis of their shape. This separator was applied to a particle size range of about 50 - 120 ¦m, and to our present knowledge may be the smallest size range ever to be separated. A theory of the separation is given based on the difference of an adhesive force of the particles: the adhesive force between spherical particles and plate is more powerful than that of irregular shaped particles for the same particle size. These facts have been ascertained by the measurement of an adhesive force by a centrifugal method. US and Japanese patents have been obtained on this separator, which consists of a borosilicate glass cylinder of 150 mm outside diameter, 120 mm in width, and an AC electromagnet. The samples used in this study were mixtures of spherical glass particles and non-spherical shaped glass particles. The results are summarised as follows. In the case of mixtures of spherical particles and irregular shaped particles in the weight ratio of 1:1, the spherical content of the spherical product became 70 per cent - 75 per cent, and in the case of 3:1, the content became 87 per cent - 90 per cent, as the result of one separating operation. However, for a mixture of somewhat rounded particles and irregular shaped particles of weight ratio 1:1, the rounded content varied between 58 per cent - 73 per cent. The feed rate of the particles mixtures was about 0.3 g/min. Newton's Efficiency was 20 per cent - 60 per cent. The separator may find application in shape separation of ceramic powder, metal powder or industrial diamond powder.

Jan 1, 1993

By Iwu GO, Almond DP, Joasoo _

The gravimetric integral Knudsen effusion method was used to measure cadmium activity values in binary liquid In-Cd alloys in the range 523 to 573 K. The activity measurements together with other studies from the literature indicate that special bonding conditions exist in the melts near a composition corresponding to InCd3. Sound velocities in In-Cd melts were also measured using a precision pulse-echo over- lap method in the range 404 to 953 K. The frac- tional deviation of experimental and ideal isentropic compressibilities at 623K shows a functional dependence on composition with a pronounced maximum near the composition 75 at.%.

Jan 1, 1980

The non-renewable energy resources of Queensland comprise coal, petroleum (oil and gas), oil shale and uranium. Coal is widely distributed., and has been developed extensively both for export and for use within the State. Proven reserves total 5 390 million tonnes recoverable of coking coal and 5 580 million tonnes recoverable of non-coking; very large resources particularly of non-coking coal are still to be quantified by further drilling. Annual production is of the order of 20 million tonnes of coking coal, principally for export, and 6 million tonnes of non-coking, mainly for power generation within the State. Petroleum resources are meagre in com- parison with those of coal. Initial recover- able reserves of liquids (mainly in the now substantially depleted Moonie Oil Field) totalled only 4.2 million m3. Initial recover- able reserves of gas (mainly in the western Surat and Bowen Basins) totalled 7 800 million m3. Annual production is of the order of 64 thousand m3 of liquids for refining in Bris- bane, and 268 million m3 of gas mainly for production of fertiliser and for industrial and domestic heating, in Brisbane. Prospects are fair for the discovery of additional reserves. Two deposits of oil shale are potentially of economic significance. The Rundle deposit at The Narrows in central Queensland has the

Jan 1, 1979

By A Gustafson, D Johansson, K Jonsson

The underground mining process, from in situ characteristics of the unmined rock mass to the final mill product with fully liberated minerals, consists of a chain of unit operations. Some of them influence fragmentation while fragmentation impacts others. From a production point of view, fragmentation is a key parameter for the proper functioning of many unit operations and affects total production; it influences the ability to load, haul and crush the rock later in the process. Fragmentation varies because of rock mass strength, the presence of joints, the chosen explosive, specific charge (kg/m3) and quality of drill holes. The efficiency and result of unit operations such as drilling, blasting, loading and crushing depend on the rock properties, which vary throughout a mine. Generally speaking, operations are not well adapted to the actual rock properties, leading to a non-optimised flow in production. This paper presents the initial part of a project that will build knowledge on the impact of fragmentation on each step of the production chain in an underground mine. It identifies the key parameters of fragmentation, which influence the overall energy consumption and productivity in a mining operation through interviews, mine visits and a literature review. In the subsequent stages of the project, a number of field tests in the case study mine will address important segments of the production process where fragmentation is a major obstacle to improvements. Optimising the entire process, rather than isolated unit operations, will lead to increased productivity, decreased amount of interruptions and lower energy consumption.CITATION:Gustafson, A, Jonsson, K, Johansson, D and Schunnesson, H, 2016. From face to surface – a fragmentation study, in Proceedings Seventh International Conference and Exhibition on Mass Mining (MassMin 2016), pp 555–562 (The Australasian Institute of Mining and Metallurgy: Melbourne).

May 9, 2016

By D Blair, T Scutts, L Fergusson

This paper presents a waste rock treatment and rehabilitation program conducted at a metaliferous mine site in northern New South Wales from 2000–2013. It updates findings from 2005 for Program #1 (which examined acidity, leachable metals and tree growth in a control and three treated areas of waste rock) and includes new results for Program #2 (which examined acidity, plant uptake of metals and trace elements and tree growth in a control and four treated areas compared to undisturbed background levels) and Program?#3 (which examined the treatment and revegetation of submerged mine tailings and an exposed tailings beach).Program #1 showed low soil pH in the control area remained unchanged from years 1–14, and soil pH in the limed and capped areas was initially increased but fell back to starting levels within 12 months and remained low for 14 years. In contrast, soil pH in the Terra B area resulted in soil high pH immediately after treatment and increased in years six and 14 without further treatment. Tree height and density in 2005 and again in 2013 indicated acidity in the control, limed and capped areas suppressed tree height and density; however, in the Terra B area, revegetation in 2013 was comparable to undisturbed forest. Outcomes in the control, biosolids and three Terra B areas in Program #2 were similar to those observed in Program #1.Program #3 showed the submerged and exposed tailings initially had low pH and high concentrations of total and leachable metals before treatment, but these became non-leachable after treatment with Terra B. Revegetation was achieved on the tailings beach, with almost uniform colonisation of bulrush and common reed, along with bottlebrush and golden wattle; a variety of reptiles have also been observed on the revegetated tailings beach, along with migrating ducks, spoonbills and grebes.CITATION:Fergusson, L, Blair, D and Scutts, T, ?2014. Treatment and rehabilitation of acidic waste rock and tailings – a 14-year case study, in Proceedings Life-of-Mine 2014 , pp 247–260 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Jul 16, 2014

By J Webb

"It is vitally important in projects where the cut-off grade is low that there is no contamination during the sampling and sample preparation process, both in the ore and the waste zones. Failure to identify contamination could have devastating financial consequences for a project. The use of a variety of blank types is essential for ensuring that contamination is identified and eliminated at every stage of the sampling and sample preparation process. This paper examines an instance where an effective assay quality assurance and quality control (QA/QC) program was able to identify and eliminate a source of significant multi-element contamination in the prefeasibility stages of an open pit project. This examination includes the: evidence for contamination findings of the investigation process of resolving the problem and correcting the data evidence for both addition of metal and dilution through contamination potential impact on the project had this issue not been dealt with. It was through the use of a combination of blank types that the QA/QC process at Mount Isa Mines (MIM) identified a contamination issue at the first crushing phase of sample preparation. Identification of the contamination allowed MIM to stop assaying activities and work with the laboratory to correct the problem. The sampling program could then be continued with no further doubts about the sample preparation process. Contaminated samples were resampled from retained core. With the continuous monitoring provided by the blanks program, it was possible to ensure that only clean results went into the resource modelling data set. CITATION:Webb, J, 2014. When nothing is what you need – the importance of using blanks at all stages of sample preparation, in Proceedings Sampling 2014 , pp 49–54 (The Australasian Institute of Mining and Metallurgy: Melbourne)."

Jul 29, 2014

By B Taylor, S Evans

Bulk explosive technology for underground mining has not seen any significant technological advances since the widespread transition from ammonium nitrate fuel oil (ANFO) to ammonium nitrate emulsions (ANE) commencing in the 1980s. The in-hole energy profile that conventional ANE systems deliver is limited by the physics of chemical gassing and simple control systems. This compromises the range, precision, and accuracy of energy delivery into the blasthole, and in some cases limits the length of charge that can be delivered. Orica’s 4D™ bulk system removes many of these constraints, enabling better blasting performance across all underground mining methods. This paper reviews work completed at three mining operations across Australia, the United States, and Chile with a focus on how this system can improve mining operations and deliver sustained commercial and productivity benefits into the future. These benefits include improved ore recovery, reduced dilution from waste rock, and reduced overall explosives consumption. This paper also reviews how this new technology can be applied for planning future mining operations.

Sep 1, 2024

By G R. Hancock, M J. Saynor, J B. C Lowry, K G. Evans, M Narayan

Tools such as landform evolution models (LEMs) provide a means of predicting how a landform may evolve over extended periods of time. Here, we utilise the CAESAR-Lisflood LEM to assess a proposed rehabilitated landform of the Ranger Uranium Mine in the Northern Territory of Australia (Figure 1). The environmental requirements for the closure of the mine state that the final landform must be able to physically isolate tailings material from the environment for a period of at least 10,000 years (Australian Government, 1999). However, uncertainty exists as to the reliability of model predictions representing thousands of years.In this study, we use model predictions from an undisturbed pre-mine landform to calibrate the parameters used in model simulations of a post-mining rehabilitated landform over a simulated period of 1,000 years. Specifically, we vary environmental conditions such as rainfall, presence/absence of vegetation and surface particle size characteristics in a series of model simulations to determine their impact on the respective landforms, to revise model input parameters as required. A simulated period of 1,000 years was used as it represents a period in which long term landform evolution patterns and trends may be established and identified. CITATION:Lowry, J B C, Narayan, M, Evans, K G, Saynor, M J and Hancock, G R, 2018. Using an undisturbed landform to calibrate long-term predictions of the evolution of a rehabilitated landform, in Proceedings Life-of-Mine 2018, pp 133–137 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Jul 25, 2018

By K H. Esbensen

Optimisation of a real-time at-line monitoring system for control of industrial granule coating quality is presented. The system is based on a fluorescence imaging system, because fluorescence originates in the interiors of enzyme granules but is significantly quenched by a polymer coating (which is needed due to environmental precautions). We have developed an image analytical system for direct prediction of coating quality, which is based on application of the Angle Measure Technique (AMT) for image complexity characterisation; AMT is briefly described. The first part of the presentation addresses pixel sampling strategies within a digital industrial image, inherent in application of AMT, in which the unfolded image is regarded as a one-dimensional object in analogy with 1D process sampling in Theory of Sampling (TOS). The effects of random, stratified and systematic pixel selections in the unfolded image are evaluated. Also factors such as the fraction of image pixels and the effects of specific unfolding strategies (there are three principal strategies, termed æchopÆ, æsnakeÆ and æspiralÆ respectively) are investigated. It turns out that unsuspected artifacts are sometimes produced, related to the specifics of the unfolding procedure, which interferes with a straightforward 1D TOS process sampling analogy. These artifacts have a wider interest û among others, for 2D sampling û and therefore receive special attention in this presentation. The optimal pixel selection strategy for the AMT algorithm is found to be systematic or stratified sampling (not surprising according to TOS) of 500+ initiating points, but need to be unfolded in the novel spiral- or snake-wise fashions in order to effectively counteract these artifacts. This also has a general impact on various suggested standard schemes for 2D grid-sampling, among others, from the geoscience realms. The second part of the presentation is directed towards optimal image analytical sampling of a continuous series of fluorescent images (imaging of conveyor belts of æinfinite lengthÆ), ie optimisation of process image sampling. The minimum number of images needed to uphold a sufficiently good on-line estimate of the quality control (QC) parameter in question is found to correspond to the relatively high sampling rate of 15 - 20 per cent, which can be shown to be related to an intrinsic very high measurement error level (25 per cent) of a mandated analytical reference method.

Jan 1, 2005

By D Wyborn, P A. Dowd

The characterisation of rock fracture networks is an important component of rock engineering applications involving stability assessment or fluid flow analysis. However, the derivation of a reliable rock fracture model remains a very challenging problem in practice. This paper describes a Bayesian framework, in the form of Markov Chain Monte Carlo (MCMC) simulation, for the construction of such a model. Model conditioning using different data sources is discussed including seismic events recorded during hydraulic fracture stimulation, rock face fracture mapping data and downhole geophysical survey data. The freeware FracSim3D is used for the simulations.

Sep 26, 2011

By S J. Schafrik, C Keles, C Schlosser, E S. Gilliland, A K. Louk, N S. Ripepi, S Keim, J Amante, E Diminick

Three legacy coalbed methane production wells have been converted to injection wells for a one-year carbon dioxide (CO2) injection test to evaluate the potential for CO2 storage in the coal reservoir and the potential for enhanced gas production at offset wells. The injection reservoir is composed of 15–20 individual coal seams with an average thickness of 30 cm (1.0 ft), spanning a depth range of approximately 240 (800 ft) to 670 m (2200 ft).The monitoring program for this test includes gas and water sampling of the three injection wells, three dedicated monitoring wells and approximately 20 offset production wells. Key technologies used for monitoring the study area include time-lapse GPS and interferometric synthetic aperture radar (InSAR) acquisitions for surface deformation measurement, a 28-station buried passive microseismic monitoring array, real-time downhole pressure and temperature sensing and perfluorocarbon tracer fluids, which will be injected with the CO2 stream. The schedule for the monitoring program includes pre- (baseline), during- and post-injection data collection. This schedule will allow data to be analysed for time-lapse changes and trends, which are important for understanding the migration of gas and fluid phases in the reservoir – including CO2, methane, other hydrocarbons and water – and for observing the changing distributions of reservoir pressures and stresses.The results of the monitoring efforts for this study have implications for monitoring mining operations. The combined use of GPS and InSAR geospatial data to evaluate elevation changes across and beyond the study area may prove to be an accurate option for measuring surface deformation, including mining-induced subsidence, in unstable terrain. Long-term microseismic monitoring using high-sensitivity instruments has several applications in mining operations, including rock stability monitoring, production monitoring and miner location detection during emergencies. Tracer studies and short-term microseismic monitoring used to assess methane extraction can also be used to develop and optimise degasification systems for underground coalmines.CITATION:Gilliland, E S, Ripepi, N S, Schafrik, S J, Schlosser, C, Amante, J, Louk, A K, Diminick, E, Keim, S, Keles, C and Karmis, M, 2015. Monitoring design and data management for a multiwell CO2 storage/enhanced coalbed methane test in a stacked coal reservoir, Buchanan County, Virginia, USA, in Proceedings Third International Future Mining Conference, pp 47–56 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Nov 4, 2015

By S G. Gemell

"The financial model is an integral component of any project evaluation based on mineral resources, ore reserves and (at least internally) exploration targets. Given the unity of purpose for preparing financial models for project evaluation purposes, the diversity of both format and content of the finalised models is surprising. Many models are prepared by staff or consultants who are comfortable with a particular format that may be used for other purposes, such as budget preparation or financial reporting. It is natural in these situations that the practitioner will take these models and adapt them to the purpose. The end result may or may not succeed in providing a clear, accurate and sufficiently detailed view of the project’s economic viability.When preparing a model, the practitioner should be cognisant of the interpretation and review, or audit, process. The auditor may be a consultant or employee of a bank, potential equity provider or of the project sponsor itself. Depending upon the scale of the project and the level of participation of the entity that the auditor represents, the financial model will be interrogated more or less rigorously. In any event, the end user will require the model to permit easy change of inputs and will wish to confirm that such change is appropriately and thoroughly transmitted throughout.Accordingly, there are some ‘dos and don’ts’ that can be readily applied in the creation of the financial model that will greatly assist the end user, not just in the change of inputs, but also in reviewing the model’s integrity. The less time and effort required by an auditor in this regard is reflected directly in the cost of the review process.CITATION:Gemell, S G, 2016. Financial modelling with the auditor in mind, in Proceedings Project Evaluation 2016, pp 172–180 (The Australasian Institute of Mining and Metallurgy: Melbourne)."

Mar 8, 2016