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By B G. Lottermoser

The placement of sulfidic waste below the groundwater table ensures limited interaction with the hydrosphere and suppression of sulfide oxidation. However, if sulfidic waste is placed above the groundwater table and remains uncovered, the backfill becomes part of the unsaturated zone and is exposed to atmospheric oxygen and leaching. This study aims to establish the leaching behaviour of sulfidic waste placed above the groundwater table and the impact of such leachate on the local aquifer at the Thalanga base metal mine. Mining of the Thalanga copper-lead-zinc deposit resulted in a large final mining void (600 m + 150 m + 70 m) and extensive underground workings. The underground workings were partly filled with tailings and the open pit was partly backfilled with acid producing sulfidic waste rock. In addition, the pit serves as a sink for acidic run-off from adjacent waste rock piles and mine workings. To date, the backfill of sulfidic waste rock placed into the pit has not been capped with benign materials and for most of the dry season, the surface of the backfill is covered by melanterite-type efflorescences. Results of kinetic column leach experiments conducted on the sulfidic waste indicate that Cd, Cu, Zn and SO4 rich waters migrate from the backfilled sulfidic waste into the local unconfined aquifer. However, the seepage of alkaline (pH 7.3 - 8.0), high conductivity (>10 000 ¦S/cm) tailings waters into the remaining pit void clearly shows that the acid leachate originating from the sulfidic waste rock does not impact beyond the waste repository and its immediate environment. Geochemical modelling implies that minimal or no mixing occurs between the acid waste rock leachate and the alkaline tailings waters.

Jan 1, 2003

By McKee DJ

Future mineral processing developments will be of two types. There will be a continuation of the advances of the last 20 years including major increases in equipment capacities, the development of reliable on-line instrumenta- tion, the use of digital computers for automatic control, and the greatly expanded use of in-situ leaching techniques. However, there will also be a need for innovations as the industry faces a different set of problems to those involved in cost and extraction efficiency considerations. These new problems include those relating to energy usage, environmental pressures, and the further development of large low grade deposits and small, high grade metallurgic- ally complex deposits. Present technology does not appear adequate to solve many of these new demands. New treat- ment concepts will be required, and the immediate outlook in this regard is not encouraging. A major research and development task in mineral processing over the next 20 years will be to seek out new ideas and develop them, and this must be pursued with imagination and determination. Both the continuation of the present research pro- grammes and the development of new methods will require a steady supply of highly qualified technical personnel. These people are not being produced in the numbers required, and this situation must be urgently rectified.

Jan 1, 1981

The overall mineral assemblage of the Broken Hill orebody is similar to that of a skarn. However unlike the classical skarns it does not represent contact metamorphism of pre-existing limestone beds. It is a stratiform accumulation of exhalative-sedimentary silica, sulphides, (Ca, Fe, Mn) silicates and carbonates, fluoride and phosphate that has later undergone regional metamorphism. The resulting development of coarse-grained quartz, sphalerite, galena, rhodonite, bustamite, mixed carbonates, fluorite, apatite and many minor phases has produced a sulphide-rich skarn- like mass that like many others of its kind, might best be referred to as a stratiform skarn. Recent investigations of occurrences of this type are showing that the incidence of concentrations of particular metamorphic minerals in and adjacent to such orebodies are closely related to bedding and to former sedimentary facies patterns. From this it appears that the mineral assemblages may be used to deduce not only the nature of the materials laid down in the beds, but also the physico-chemical conditions under which sedimentation took place. Several stratiform deposits, including Broken Hill, are used as examples to show that variations in these conditions may have a profound influence on the subsequent response of the rock to regional metamorphism and hence on the mineral assemblages that finally develop.

Jan 1, 1983

By R Dunne, D Yan

In flotation where a bulk flotation concentrate is produced or a gangue sulfide such as pyrite contaminates a concentrate, residual collector has to be removed from the sulfide surfaces to allow selective separation in a subsequent flotation step. Depending on the sulfide mineral, the main species that needs to be removed when using a xanthate collector is either a metal xanthate or dixanthogen. For the identification of surface species, specific solvents may be used to remove each species û metal xanthates are known to be soluble in acetone whilst dixanthogens are known to be soluble in non-polar solvents such as diethyl ether. Xanthates break down with time, temperature and pH into various decomposition products. The major decomposition product is dixanthogen which can aid flotation but other products such as perxanthate and carbon disulfide can have an adverse effect on flotation. Various analytical techniques can be employed to monitor the formation of decomposition products on the surface of the mineral and in solution. The best of these is ultraviolet spectroscopy as it has diagnostic peaks for decomposition product determination. In this work two approaches were taken to understand the relationship between the flotation of a chalcopyrite and pyrite from an ore containing these two minerals. One approach was to remove the xanthate species with an organic solvent and then use ultraviolet spectroscopy to determine the concentration of dissolved species. The second method involved measuring xanthate decomposition in solution by measuring the residual xanthate concentration using ultraviolet spectroscopy. These experiments confirmed the species adsorb at the surface of the mineral and how these species affect the recovery and grade of the valuable mineral. In both cases pH and temperature were varied and two xanthate collectors (SEX and PAX) were used to study these relationships. These relationships could be applied to industrial flotation systems and allow for more accurate determination of optimal xanthate dosage and hence save on reagent costs.

Jan 1, 2005

Oxy-ACETYLENE system of welding and cutting is at present practised in two forms, which may be described as the high and lowpressure systems. In the high-pressure system the two gases, oxygen and acetylene, are delivered. to the blow-pipe under pressure from properly constructed trade cylinders. Oxygen cylinders are in two sizes, each containing 100 and 200 cub. ft. of gas respectively. These cylinders are charged to a pressure of 120 atmospheres, or 1800 lb. per sq. in. approximately. The acetylene cylinders are made in one size as far as the writer knows, and contain 200 cub. ft. of acetylene gas at a pressure of 10 atmospheres. Each cylinder is provided with a valve and connection for attaching a regulator to "break down" the high pressure in the cylinders to the necessary low working pressure of the blow-pipes, and to deliver the two gases at a constant pressure irrespective of the variable pressures in the cylinders. These regulators can be adjusted down to as low as 1 lb. and are provided with two pressure gaugesone reading the contents of the cylinder in atmospheres, and the other the working pressure in lb. per sq. in. The high-pressure, or "two cylinder" system is compact and can readily be transported from place to place in the works. For this purpose the two cylinders are mounted on an easy-running 4-wheeled truck, which the operator and assistant find no difficulty in manipulating. In the low-pressure system the two gases are delivered to the blow-pipe, one from the oxygen cylinder and the other from the acetylene gas generating plant, which consists of the following:Generating cylinder, half filled with water, into which the cathoide is plunged. The generated gas is passed through a filter to the gasometer, then through a water washer on to the hydraullic seal...

Jan 1, 1922

DIVERSITY There are plenty of examples to show that diversity has been the fundamental downfall of many organisations, particularly when you consider the international position. What about core business, the return of companies to key competence directions and market focus. The stockmarket for instance defines groups and companies in key groups of core business. The expectation is that companies toe the line and do not diversify across their areas of defined expertise. In essence, the market has given notice that the requirements are to focus and stick to our core business. So what right does the conference have to suggest that diversity is the key to prosperity. Hasn't the organiser read the book, studied the history, listened to the market - obviously not. Have they got it wrong, My feeling and belief is no - the organisers have got it right. However, the matter is not as simple as first perceived. What is Diversity, or Diversification as I would prefer? Is it a product position? Is it a geographic position? Is it an expansion or change in services offered? Does a gold mining company diversify into copper or diamonds or aluminium or nickel? Does a gold miner in Australia diversify into China or Kazakhstan or West Africa? How do the two relate? They don't. A successful company will always possess a 'core competence' not so much a 'core business'. The best example of this is the service company extraordinaire - McDonalds. They don't sell hamburgers or french fries, they sell a service, a convenience, a lifestyle. The core business is hamburgers and if McDonalds were to diversify further into new styles of hamburgers, I suggest to you they would fail. But if McDonalds were to diversify into other products based on their 'core competence', provision of service, then I would suggest to you they would be very successful. The service procedure, service machine, service system, the formula, stava the rnnetant the nrnrlnrte -

Jan 1, 1996

The last decade of national water reform implementation has improved the availability and efficiency of water source allocation in Western Australia. However, it is critical to recognise that the concurrent mining boom witnessed the approach of full water allocation limits, and increasing trends in mineral processing, water infrastructure costs, and wastewater management costs. Water supplies are commonly viewed as absolutely critical to project feasibility in mining, industrial and energy generation projects, even if considered 'non-core business'.   An increasing density of mining projects and industrial estates in Western Australia (WA) creates an opportunity for water infrastructure cost sharing and synergies. The WA government and its agencies have given preliminary consideration to the establishment of independent water utilities in the goldfields (Kalgoorlie), the Pilbara, and Collie regions, and in the Kwinana Industrial Area. The impending Oakajee industrial area and Mid West regional development, and Anketell port in the East Pilbara, could also be considered for common non-municipal water supplies.   The critical issue of apparent commercial risk due to the large scale of water demands and the low customer numbers in the minerals sector relative to other water markets is expected to mandate government partnership in any non-municipal water utility ownership. The commercial feasibility risk is observed as a risk to water supply security for potential mining and industrial customers. Absence of proper water infrastructure planning and governance has the potential to create infrastructure access issues as observed for Pilbara rail developments under the Trade Practices Act 1974.   Other aspects of water cycle management which could be addressed by a non-municipal utility include resumption of mine dewatering water (required changes to WA legislation that are progressing) and consolidated wastewater management for maximising synergy or reuse opportunities and minimising cumulative environmental impacts.   Address of water infrastructure planning for non-municipal water demands must cover commercial and environmental sustainability outcomes to successfully progress minerals sector growth in the State.

Jun 1, 2010

The optimisation of capital in the total planning context has broadly two components: ò maximising the efficient utilisation of capital against competing capital demands; and ò maximising the efficiency with which the industry's capital requirements are sourced. This paper focuses on the latter of these two concepts, as I wish to highlight that within the coal industry the inefficient sourcing of capital has resulted in the inefficient utilisation of capital. In discussing the optimisation of capital within the coal industry I would like to outline three fundamental issues which currently impact the industry and its application of capital: Initially, from the perspective of an independent investor, the perceived risk associated with investing in a volatile industry cycle has not permitted appropriate funding structures to be created thus leading to an inefficient utilisation of capital. Secondly, investors seeking out a windfall gain have established a practice of trading in the assets rather than encouraging recapitalisation. And lastly the mismatch of supply and demand leading to the establishment of new projects which include a percentage of offshore investment has fostered an environment of lower returns and subsequently a dilution of capital.

Jan 1, 1991

By J Davidson

Ion exchange using strong base resins is a well established technology for the recovery and purification of uranium from sulfuric acid leach liquors. Production of uranium at the Beverley Mine in South Australia includes acidic in situ leaching, ion exchange and uranium precipitation. The salinity present in the groundwater results in a relatively high concentration of chloride in the leach liquor reporting to the ion exchange plant. The impact of chloride on the ion exchange process is discussed in this paper. The results presented show that an increased chloride concentration in the lixiviant solution feeding the ion exchange plant leads to increased uptake of chloride by the resin during the loading cycle. At the highest chloride concentration studied (7.5 g/L Cl) chloride took up to 60 per cent of the resin loading sites. The impact of the chloride can be summarised as follows: for a given uranium concentration in the lixiviant feed solution, the uranium loading decreased with increasing chloride concentration; a consequence of decreased uranium loading is an increase in the frequency of elution, with an associated increase in elution reagent costs; and for a given elution efficiency, the uranium concentration in the barrens is expected to increase with increasing chloride concentration.A few options were examined to counteract the impact of chloride: an increase in elution efficiency was targeted to reduce the amount of uranium returning to the loading circuit; increasing the pH improved uranium loading, but this was found to also increase iron extraction; and preliminary screening of alternative resins showed that the higher the theoretical ion exchange capacity of the strong base resin, the higher the uranium loading.Work is continuing on uranium recovery from saline leach liquors, specifically investigating the performance of alternative resins.

Jan 1, 2005

In general the iron ore industry has been slow to adopt the Whittle Pit optimising software in the evaluation of iron ore deposits. The reasons for this are two-fold:the iron ore industry has developed techniques, usually bespoke software residing in the corporate offices of the respective iron ore companies, to establish their final pit limits; and the fact that the Whittle software doesnÆt easily lend itself to estimating a sales product of constant quality without maximising grade (metal content). The Whittle software is based on the work done by Lerch and Grossman (in the early 1970s), which proposed that graph theory be used to establish an optimal surface that maximises the revenue from a deposit. The maximised surface created in the pit optimiser is translated into a proposed optimal final pit shape that can be used by the mine design engineers as a target outline to lay out the final practical pit. By treating a geological and ore resources model that was created for an iron ore deposit as a subset of the recoverable resources estimation (RRE) type of geological models, the evaluation of an iron ore deposit and establishing the final pit is greatly simplified in the Whittle 4-X optimiser. Instead of trying to optimise the iron content of the deposit, the emphasis swings to maximising the extraction of a finished and saleable iron ore product. This is achieved by treating the finished saleable iron ore as an element in the multi-element Whittle optimiser. The quality of the finished sales product is represented, and the material that cannot be used in the blended product is also shown. Proposals for enhancing the functionality in the Whittle 4-X optimiser to make the evaluation of iron (and coal) deposits easier includes the creation of a new reporting function that will allow the user to specify which field(s) can be used as the divisor(s) for the reporting of the element grades in the model.

Jan 1, 2007

By Y Potvin

Risk assessment in the mining industry is currently a topic of great interest with risk methodologies being increasingly applied beyond the traditional areas of finance and feasibility to analyses of risks due to various physical hazards including chemical, electrical, mechanical and geotechnical sources. The application of risk analysis and evaluation techniques to the management of personnel safety is being promoted by both industry and regulators but, particularly for geotechnical hazards, often there are inadequate databases for a meaningful quantitative calculation of risk. In Western Australia over the decade 1987 - 1997, the annual fatality rate for underground mining has averaged at approximately 1.3 in 1000 employees with rockfalls/rockbursts accounting for over half of these deaths (Prevention of Mining Fatalities Taskforce, 1997). Recent improvements have been made since this time, perhaps halving the annual fatality rate, mainly due to industry improving ground control measures and implementing various recommendations from the Prevention of Mining Fatalities Taskforce (1997). However there still remain a large number of unknowns when trying to address the complex area of geotechnical risk in mining. Risk calculations require information about the source of the hazard, the people or assets exposed to the hazard (the æelements at riskÆ) and the effects on these vulnerable elements if the hazard actually occurs (the potential consequences). To date, little information has been available on the exposure of mining personnel and equipment to underground hazards other than occupational safety studies on chemicals, heat, dust, etc. This paper concentrates on underground geotechnical risks and presents a data collection and rating system for the exposure of both the underground workforce and equipment to rockfalls and rockbursts. The methodology considers exposure times, personnel protection levels and hazard proximities to give exposure ratings for the major underground mining activities and hence rate different locations within a mine. This exposure methodology is then applied to the workforce and production/ development cycles in an actual WA underground mine, creating a snapshot map of differing levels of personnel exposure across the mine.

Jan 1, 2003

At many locations in Australia the decommissioning of mining operations will require the disposal of excess water. If the water is contaminated its disposal may be restricted by government guidelines. The timing of water disposal may be critical to the schedule of close-out. The uncertainty of the annual rainfall input to the water storage and disposal system may determine the success or failure of close-out. The uncertainty associated with any outcome can be used to determine the reliability of the system, or inversely its risk. The technique of Monte Carlo simulation, using the uncertainty in annual rainfall, is applied to quantify the risks associated with water disposal as part of the requirements for close-out in two case studies. In both case studies it is assumed that water disposal is via evaporation only. The first case study is the Nabarlek operation, located about 270 km east of Darwin. This project is required to complete the engineering work associated with its close-out by December 1995. The second study investigates the situation of close-out for the Ranger Uranium Mine, about 250 km east of Darwin. It should be noted that the Ranger mine was examined as part of the annual update of its contingency rehabilitation plan and the probability of implementing the plan is extremely small. The probability of success for the Nabarlek case varied from less than ten per cent to greater than 95 per cent depending on the management strategy. Four possible strategies were investigated for the Ranger mine with the chance of success varying between 20 and 95 per cent. The estimation of the evaporation rate and the area allocated to evaporation was critical in both cases. By applying seasonally based evaporation pan coefficients determined on site, rather than an average monthly value of 0.75, the chance of success was improved by up to 35 per cent for Ranger. Simulation modelling is able to provide information on the likely response of mine water management systems and the level of risk. This information is required to efficiently plan and manage the disposal of water for close-out.

Jan 1, 1994

By Kershaw M. G

At the Risdon plant of the Electrolytic Zinc Company of Australasia Limited, impurities toxic to the electrolytic production of zinc metal, notably arsenic and antimony, have traditionally been coprecipitated when precipitating iron as ferric hydroxide. With the development of a new lead/zinc mine at Elura, New South Wales, it was anticipated that the concentration of impurities, particularly arsenic, in the zinc sulphide concentrates treated at Risdon would increase. This suggested that an increase in the capacity of the iron purification step in the Risdon plant would be required to cope with the higher input of these impurities.Laboratory investigations showed that the additional capacity would be achieved, either by a large increase in the amount of iron used as the "collector" in the process, or by a two-stage process. The latter approach was preferred as a increase in the amount of iron precipitated would lead to much higher operating costs and overloading of the existing equipment.In the two stage procedure, acidic iron bearing solution is added to solution feeding the first stage and most of the arsenic removed from solution when iron is precipitated from solution by neutralisation with limestone. Mter separation of the precipitated solids, acidic iron bearing solution is added to the solution, and remaining arsenic removed almost completely following neutralisation by limestone.This paper describes the laboratory and pilot plant results and the plant modifications required. Abrief account is also given of the operator training and acceptance in the use of the digital control facilities installed in the new plant.The new plant is working well and good solution purity is being maintained despite a substantial increase in the concentration of impurities in the raw materials.

Jan 1, 1990

Zinc concentrates from the newer mines and from proposed developments provide both opportunities and processing challenges to the conventional roast-leach electrowin smelters. These concentrates are often characterised by low iron, elevated silica, possibly high manganese, and levels of elements such as germanium which may cause concern. In addition, environmental constraints on residue disposal are forcing significant changes to some smelter practices. Iron in concentrate, and the resulting environmental impact of residue disposal are now major questions. However, normal concentrate tariff structure provides a disincentive against smelters taking high grade concentrate and oxide fume. Processing technology to cope with these changes is reviewed, as is de-watering and materials handling of ultra-fine concentrate. Within a few years, such fine concentrates will account for up to 1 000 000 t/y of contained zinc. New processing technologies including novel transport methods, siliceous leach circuits, manganese removal cells and front-end smelting will become significant in zinc smelting.

Jan 1, 1993

IN any assay office it is of paramount importance to keep the men interested in their work; and in order to do this, men on routine work, such as lead, zinc, and sulphur deterrrrinations, slag analysis, etc, should be changed around monthly. This gives some variety and helps to keep a man's interest on his work, so that better work results. It may be maintained that to keep a man on the same class of work indefinitely makes him more expert at his work. This is certainly true; but in assaying, where accuracy is so essential, it is absolutely necessary for a man to keep his mind on the work, and not 'get' into a mechanical method of working. He is also on the alert to discover means for shortening his analytical methods, and his capacity forwork is increased. Another advantage is that the men get a good all-round training, and one is never at a loss to replace a man on any class of work when he is absent from any cause. This tends to smoother and more efficient running of the assay department. In industrial assaying it is often advantageous to have a result quickly, so that it will be of maximum benefit in the running of some part of the plant, In such a case it pays to sacrifice a little accuracy to speed up a method. The shortest method is less costly, and a quick approximate method is all that is required to give the superintendent the requisite information. Time is thereby saved, and the cost is less. In carrying out assaying for any large industrial plant, such as a smelting works, there is always a tendency for superintendents running the different departments to send in more samples for assay than are absolutely necessary when no system of costing is in operation. Some of these samples may involve a lot of work and heavy expenditure, as, for example, the estimation of only one impurity in a sample of refined lead. If the superintendent knows that the cost of assaying all samples sent in by,him is charged up directly against...

Jan 1, 1922

A metallurgical balance drawn around a mineral processing plant or smelter must involve all process streams crossing the plant boundary. Modern sampling theory, as formulated by Gy, and sound statistical method can be used to determine the uncertainties in the observed assays for the set of balance analytes and in the mass flow rates of the process streams for the balance period. These uncertainties can then be used together with the material balance equations to arrive at adjusted component mass flows that satisfy the material balances exactly. To determine whether or not the data is consistent with the level of uncertainty in the data and with the material balance equations, a goodness of fit test is applied. This goodness of fit criterion is the principal tool to quantify the quality of the material balances. The mathematical structure of the statistical material balance problem poses a number of challenges. For example, while the variances of the adjusted component mass flows do not vanish, the variances of the sums of the adjusted component mass flows about each balance node do vanish, simply because the balancing computation demands that the balances close exactly. Even though it can be shown that the variances of the adjusted component mass flows are always lower than the estimates for the corresponding unadjusted component flows, it is still not possible to construct a confidence interval on the component mass flow into (and out of) a balance node using the adjusted component flows. On the face of it, such a confidence interval is exactly what is most desired from the balance calculations. The problem arises because the balance problem is a data adjustment rather than a parameter estimation problem. It is possible, however, to calculate the recovery of a component to a product stream and determine a confidence interval for the recovery value. It is also possible to calculate an uncertainty in the mass flow of any balance species in any process stream, before and after balancing.

Jan 1, 2005

The face of project evaluation is changing continuously, making it ever more critical to get a clear understanding upfront of the objectives, decision-making processes and criteria of the project proponents. Requirements are usually significantly different for emerging æjuniorsÆ compared with long established major mining houses and companies in developing countries compared with western companies. Requirements are also different for different types of evaluations, such as due diligence studies compared with feasibility studies of æownedÆ projects and there are often key misunderstandings around the use of the term æbankableÆ. Further, it has become increasingly important with increasingly remote and lower quality resources to understand risk relativities such as infrastructure compared with the core processing facilities. This has also driven the need for more trade-off studies to determine the best balance between critical issues, such as optimisation of the interface between mine and processing plant, capital versus operating cost and automation versus labour. In every project evaluation, it is also critical to consider emerging trends and changing requirements and standards such as sustainability and community interface. Finally, the inescapable drive to reduce time to market has driven changes such as increased use of more standardised designs and innovative approaches to the transition from project development to execution. This paper begins with a brief review of the different objectives and risks of each project development stage to establish a framework for subsequent discussion of the different requirements of different types of companies in different locations, different types of evaluations and different types of projects and project components. This is followed by a review of changing requirements and standards and some innovative developments in sustainability and community interface are presented. Finally, the paper outlines a number of developments in the area of operational readiness planning that focus on minimising the time to achieve maximum return on investment.

Jan 1, 2009

By A L. Hemphill

Conventional models, based on pulp kinetics, were regressed directly to steady-state data from a nine-stage platinum flotation plant, to provide a basis for optimisation studies. æFroth factorsÆ were used to characterise the froth in each stage and a ædepressant factorÆ was used for gangue minerals, to account for addition of depressant to the cleaners. These factors improved the fit, but differences between plant and model of up to 50 per cent were still present in a number of streams in the cleaning circuit. A new model was developed, which incorporated two rate constants for the recycle of particles from the froth. These parameters provided a workable approximation of the distribution of probabilities of particles being recycled in plant cells, depending upon where particles appeared at the surface. The feed streams were characterised by two pulp kinetic parameters and the above recycle parameters, for all minerals and all stages. The fit to the data was improved very significantly, when compared to the use of conventional pulp-based models with several pulp rate parameters. This relatively simple model did not require additional data from batch tests and it was suitable for plant simulations.Simulations of various strategies for plant operation were tested, allowing the simulator to vary the concentrate flows from all or some of the stages, in order to maximise platinum recovery. The simulator was imbedded in an automatic optimiser and constraints on chrome content or mass flow of final concentrate were used. The simulations of the existing circuits demonstrated that an improvement in recovery, (for a constant concentrate mass) of about 0.5 per cent was possible, by optimising all concentrate flows. A significant reduction in the flow of scavenger concentrate and an increase in the recycle flows in the cleaners were noted. The results of simulations of various changes to the circuit configuration are also discussed. An increase in recovery of 1.4 per cent (for constant concentrate mass) has been achieved in recent simulations, through circuit changes. However, it was necessary to keep the mass pull of concentrate, per unit area, within typical limits.

Jan 1, 2005

By D A. Shushkov

Analcime-bearing rocks are one of the varieties of raw zeolite material, although the characteristics of analcime are not as good as other kinds of zeolites such as clinoptilolite or mordenite. However, some fields of application of analcime-bearing rock have been found, eg a method of water purification has been developed and patented. Analcime-bearing rocks are rather widespread in the Timan region of the Komi Republic of the Russian Federation. They are represented by Upper Permian siltstones and mudstones. The analcime-bearing rocks have the following mineral composition (per cent): clay minerals (50 - 70 per cent), quartz (ten to 30 per cent), analcime (one to 30 per cent), feldspars (two to ten per cent), carbonates (two to five per cent) and pyroclastic material. Analcime aggregates encrust cavities and infill microfissures in rock. Both microcrystalline (crystals <0.01 mm in size) and medium-crystalline (~0.5 mm) aggregates are observed. The mechanical, gravitational, magnetic, sorption and ion-exchange properties of analcime-bearing rocks have been studied. They are characterised by a high index of grindability and a low index of abradability and crush resistance, low values of the benzol-based pore volume and toluene-based specific surface area, and a medium porosity value. The magnesium based ion-exchange capacity (IEC) ranges from 28.7 to 196 mg+equiv/100 g. Analcime-bearing rocks of the Timan region are characterised by low beneficiation potential. Preliminary ultrasonic treatment of the analcime- bearing rocks is efficient for the destruction of intergrowths along their boundaries and production of free analcime aggregates. The proposed beneficiation procedure yields 95 per cent analcime concentrate. In the Komi Republic, analcime-bearing rocks are utilised in agriculture. They are also used for domestic needs (eg as biotoilets for domestic animals) and the solution of ecological problems (regeneration of soil polluted by oil). We have completed experiments on the purification of potable and industrial water using analcime-bearing rock subjected to thermal treatment. The experiments demonstrated that it was possible to decrease water colouration by 20 per cent, turbidity by 79 per cent, permanganate oxidation by 30 per cent and total iron content by 70 per cent.

Jan 1, 2008

Equity finance provides the most suitable and frequently the only access to capital during the exploration and evaluation stages of resource projects when project risk is at its highest. Investors are prepared to provide equity funds in the knowledge that they are compensated for the higher risk they take on with higher potential returns or sufficient upside potential to justify the higher risk. The context of resource projects which determines the role of equity finance has changed considerably. Prior to the resurgence of the gold price and the development of new mining technology many resource projects were selectively mining orebodies by underground methods frequently with limited reserves proved up in advance of mining. The limited proved ore reserves base and the volatility of the gold price all contributed to a higher risk and higher return investment environment in which the use of equity finance was more appropriate and frequently the only option for capital raising. The financial risk of a resources project can be transferred to an underwriter who makes the commitment to distribute the financial risk between a number of investors. There is also the opportunity for financiers to use a mix of equity and debt finance to allow a company to proceed with the development stage where without such a mix the resource project would not proceed. By using a level of equity finance the project becomes robust enough in its ability to service the debt finance facility and the project proceeds with the equity participants receiving a suitable risk reward return. The liquidity from the establishment of a market for the company's securities enhances further capital raising and generally enables the company to satisfy its financial requirements on more favourable terms particularly during bull markets. The role of equity finance in the management of the financial risk during the exploration, evaluation, development and mining stages of resource projects is summarised in Table 1. In more detail the principal roles of equity finance and the ways in which equity finance impact on the risk management of resource projects will be considered in turn.

Jan 1, 1994