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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

The search for an efficient and economic machine to excavate hard rock continues. Development of the Robbins Mobile Miner commenced in 1983 with the formation of a joint venture between Mount Isa Mines Limited and The Robbins Company. Construction of the machine ensued and preliminary trials to verify the cutting action were undertaken in the USA prior to transportation to and assembly at Mount I-sa where mining commenced in September 1984. Initially, the machine was used to develop the S60 Decline which serves as a combined access and conveyor drive for the Southern 1100 Orebody Ore Handling System.

Jan 1, 1988

By R G. Barker, A B. Christie

Minerals are necessary for providing almost everything we take for granted in our daily lives including food, shelter, and supplies of energy and water. Minerals are therefore essential for the maintenance and improvement of the standard of living of all New Zealanders.

Jan 1, 1998

The history of black coal as a fuel dates back in Europe more than 2,300 years, and possibly longer in China. Originally the mining of coal was done by underprivileged people, but with the industrial revolution and the dawn of mechanisation, the status of the coal miner improved. The improvement continued to the present day. Coal miners now take an important role in industrialised countries and enjoy a high standard of living. The miner is amongst the highest paid and best technologically served in any industrial activity. The abundance of coal relative to alternative fuels and its widespread occurrence, brings with it a prosperity much valued in those countries with significant resources such as Australia. Coal will play a major role in easing the world energy shortage. In addition to the conventional usage, throughout the world coal gasification plants are in various stages of development. Coal liquefaction plants are beyond the drawing board stage. Slurry pipelines to supply coal for direct burning in electric generating and other plants are planned. In the current atmosphere of environment consciousness, Australia has to contend with people with only marginal interest trying to influence coal mining activities to the detriment of the overall prosperity of Australia. Fortunately enlightened legislation is the greatest protector of the environment and in many instances great improvement to the environment ensues after mining has passed. With its vast resources of black coal Australia can look forward to a significant role in future supply of fuel. As a result of the trade and industry involved, Australia can become an even more influential country in world politics, trade, and the setting of high living standards.

Jan 1, 1975

By Estoque J, Lodrigueza L, Rebillon F

Ore mineralization in Masara consists mainly of gold-silver veins, porphyry copper and pyrometasomatic deposits related to left-lateral movements along the Philip- pine fault system and a later stage of magmatism. These are hosted by pre-Tertiary volcanic flows and volcaniclastics, and comprise a temporal pattern of earlier peripheral copper zone, an intermediate mixed copper-gold area and a later central gold vein system within the Masara sector of the postulated volcanic field. Gold ore emplacement occurred in at least two stages, and shows gradations from a lower mesothermal-epithermal phase passing into a typical epithermal zone, and finally into a truncated, or poorly developed, upper level thermal spring deposit. Orebodies are closely associated with hot springs, solfatara and several magma- related masses, emphasizing their inherent linkage with a geothermal system in the Area.

Jan 1, 1987

By C M. Hill

This paper aims to provide a brief overview of the Australian Coal Bed Methane (CBM) industry and more importantly the challenges to sustainable management of the industryÆs by-product, groundwater. In a country where water is scarce and having gone through one of the worst recorded droughts it is vital that this important industry be seen to be managing water in a responsible manner with the greatest environmental and social benefit. Benefits of the water from CBM wells can be enhanced through treatment to produce potable water for domestic or stock purposes, water for irrigation or aquaculture or lower quality or untreated water for industrial or mining purposes. Other options are re-injection of raw water or waste from the treatment processes or discharge to surface waterways. The critical change and difference between CBM projects and traditional oil and gas operations should be that where possible water is no longer disposed of via evaporation ponds with the dual legacy of waste of the water resource and an environmental contamination problem with the remaining salt and brine product.

Jan 1, 2003

By N R. Johnson

The overland conveyor at the Los Pelambres mine in Chile is designed to move 8700 t/h of material over 12 km at a speed of 6 m/s while descending 1400 m. The conveyor, which is divided into three segments, is equipped with a braking system that must bring it to rest without producing excessive stresses in the conveyor belt. Retardation and gently stopping a mass of 250 t requires retardation times in the order of 60 seconds. Brakes that can provide this performance require sophisticated controls as well as very high heat absorption capacity. This paper describes the thermal analysis of the braking system, which required the use of novel materials to meet the arduous duties imposed on the callipers and discs.

Jan 1, 2005

By E Haren, A Winchester

The CSA Mine has a long and varied history from initial discovery in 1871 through to the present. Lead-zinc mineralisation was mined historically near the surface. Today copper and silver are extracted from the deeper regions of the mine. The mine has passed through a number of owners over this time, each with a unique operating philosophy and understanding of the mineralisation. Cobar Management Pty Ltd re-opened the mine in 1999 and has undertaken extensive drilling programs to expand the resource and gain a better understanding of the mineralisation characteristics. Presently mineralisation has been located over a strike length of 1.2 km and to a depth of over 2.0 km with over 30 mineralised lenses from four identified ore systems. The refinement of geological and mineralisation models led to further discoveries and prompted a review and modification of resource modelling processes. Advanced statistical analyses prompted the implementation of ordinary kriging as a grade estimator. Improved stationarity from enhanced geological domaining has been supported by variography and kriging neighbourhood analysis studies. Resource models at CSA are now quantifiable in terms of mineralisation style and estimation reliability. The new techniques are assisting the definition of more mining fronts, which are creating new opportunities to increase mine output.

Jan 1, 2006

The three systems of mining in use in the Southern Coalfield of New South Wales are bord and pillar with or without subsequent extrac- tion, longwall and shortwall. Bord and pillar with extraction is regarded as the conventional system. The application of continuous miners and powered roof supports (Shortwall) to coal min- ing has, grown in recent years from something of an oddity among extraction systems to an acceptable and viable approach in certain min- ing environments. The method can be applied in a high proportion of situations where normal pillar extraction is practised with advantages over the conventional approach. These advantages extend to both safety and efficiency aspects and also include better utilization of coal reserves. It holds hope for further gain in efficiency because its simplicity of layout lends itself to achieving the goal of contin- uous haulage towards which operators are always striving.

Jan 1, 1976

The cost-effectiveness of blasts involving radiating blastholes is cur- rently restricted in the following ways. (a) Significant percentages of potential explosion energy are not being liberated; the collar sections of some charges are being dislocated and/or desensitised by the detonations of adjacent earlier-firing charges. (b) If the minimum charge spacing is too small, detonation of an early- firing charge can initiate an adjacent charge sympathetically, thereby eliminating the benefit of any intended inter-charge delay. (c) The overall distribution of energy is poor. Appreciably better fragmentation would be achieved if current drill- ing patterns were to be replaced by staggered fans/rings having a toe spac- ing : burden ratio of about 4 : 1. This wide-spaced pattern would enable a higher percentage of the potential energy to be released, would reduce the incidence of sympathetic detonation and would provide a superior overall distribution of this liberated energy. If improved fragmentation is not required, the proposed fan/ring design should allow a significant expansion of the blasthole pattern with consequential cost savings in drill- ing, explosives and initiation.

Jan 1, 1988

Australis Mining N.L. operates a continuous mode carbon-in-pulp (CIP) gold plant, processing sand and slime tailings from previous gold mining operations in the Norseman area. Plant design is that of conventional countercurrent contact between pregnant pulp and activated carbon. Gold desorption is achieved by the Zadra process using near boiling tempera- tures and atmospheric pressure. Process water is drawn from nearby Lake Cowan (saline). The plant operates at, or above, design specification of 400 dry tonnes per day. This paper describes the plant design and operating processes utilised in optimising throughput and gold recovery. TNTDnPTTnmTnM Favourable world gold prices and substantial reserves of sand and slime tailings prompted Australis Mining N.L. to construct a gold extraction plant during 1981. The projected plant throughput was set so as to complete treatment of available tailings over a three year period. Metal- lurgical tests indicated that, with a regrind facility satisfactory gold recovery could be achieved using a countercurrent CIP process. Reflecting the entry of Australis Mining N.L. into its first large scale treatment operation, the plant design emphasised simplicity but effectiveness of Operation.

Jan 1, 1982

By Thompson P, Sharma Y

The paper describes the methodology and results from a study carried out by Telfer Gold Mine to optimise the materials and costs involved in construction of the pad for their dump leach operations. The investigation involved large-scale field testing of five different types of liner and a number of different cushion and drainage layer configurations. The aim was to identify the most cost effective construction methods to allow the final dump height to be increased from 45 in to 60 in without causing significant damage to the liner. The effects of dump height on permeability were also investigated. These methods are described and results presented. The findings indicated that modifications to the existing liner/cushion layer/drainage layer configuration used previously at Telfer would actually reduce overall construction costs rather than increase them despite an increase in overall dump height. Relative construction costs are presented.

Jan 1, 1994

By Fitter JF

Drilling and blasting practices at Groote Eylandt are undergoing a period of rapid change. Practices over the last ten years are reviewed and some specific blasting problems currently being faced are described. A move from percussion to rotary drilling is outlined, together with the reasoning behind a proposed return to ANFO from watergel explosives. A brief outline of the various firing patterns used is given, together with a description of the drilling and blasting recording procedures currently in use. Current and planned developments in drilling and blasting at Groote Eylandt are also outlined, emphasizing the success of wide patterns, fired in line with long inter-row delays.

Jan 1, 1982

TUNGSTEN occupies an outstanding position amongst metals to-day, for by its use modern manufacturing methods have received a wonderful impetus. The important part played by tungsten in the recent war is not generally recognized. It was tungsten steel, in the shape of highspeed tools, that kept our soldiers supplied with munitions of war at more than one critical period. Tungsten added the necessary hardness and durability to various metals which were indispensable for carrying the war to a successful conclusion. In the words of...

Jan 1, 1921

By Hawes GW

Until 1980 copper, lead and zinc sulphide slurries have been success- fully dewatered for rail and sea transport for many years at the Rose- bery site of North Broken Hill Holdings Ltd. utilizing conventional vacuum disc filtration systems. An upgrading and mill expansion program completed in 1981, which also permitted the introduction of ore streams changes, had resulted in difficulties dewatering copper and lead sulphide slurries to comply with transportable moisture limits. Following an extensive investigation which included both laboratory and pilot plant testing a program was commenced to replace the 2 vacuum disc filtration systems with 2 pressure filtration systems for use on copper and lead slurry dewatering and also to retain other existing vacuum disc filters as standby. An analysis of mill operations performance resulted in slurry storage tanks with a capacity equivalent to 20 hours of normal production being incorporated into the project. The pressure filters are mounted above the concentrate stock- piles. A sealed sloping floor incorporating launders is used to prevent any accidental contamination of the concentrate from pipe leakages, spillage, or from water hoses used for clean up purposes around the area. The project was completed in 1985 and operating performance has been better than that predicted from testwork. Equipment availability at 95076 together with the slurry storage capacity provided results in minimal requirement for the standby vacuum filtration system. Some typical operating results are given.

Jan 1, 1988

The epizonal Ag-Pb-Zn vein deposit at San Bartolome is characterised by a base-metal sulphide assemblage containing the spectacular development of interpenetrating, bladed networks of pyrrhotite which have been replaced by marcasite and pyrite. A similar assemblage displaying the same crystal habits and textures are also a diagnostic feature of the Sn and Sn- Ag deposits of Bolivia. On this basis, it is reasonable to conclude that both deposits were formed from fluids of similar nature and origin. Although no economic accumulation of Sn is known in San Bartolomr, further comparison of the geologic setting, age, mineralogy, fluid inclusion data and magmatic association of this deposit with the Bolivian systems has highlighted additional similarities consistent with a hypothesis that more extensive Sn mineralisation might exist in the San Bartolomd area.

Jan 1, 1995

By White B

A novel approach is suggested for the solution of planning and development problems in the coal, mining industry. The formation of coal measures depends to a significant extent on sequential geological processes and events which are probably best defined in a "system of processes and responses." The great number of variables in such a system is a characteristic feature of geological environments. Research work over the past two decades, in particular, has successfully established analytical procedures for the identification and definition of relevant and irrelevant variables for mining developments in specific geological situations. Such situations are typifiable within the regional geological setting of coal deposits. Scale gaps can be bridged by reliance on common symmetrical attributes and pervasive geometric features. Depositional processes and their resulting attributes are responsible for the development of mechanically significant rockmass "defects" and anisotropies; such features have to be identified and assessed for the selection of colliery design criteria. It is suggested that the procedural frame- work of systems engineering analysis is a most appropriate tool for the assessment of those geological features that can influence the mechanical behaviour of the "floor-seam-roof" system in "high technology" mining operations of the future. It is anticipated that the overall emphasis of future mining systems will be toward the use of larger scale more highly productive methods and machines, with higher capital outlay but

Jan 1, 1987

By G Steward

Gravity Leaching of high-grade gravity gold concentrates, such as Knelson Concentrates, with the ACACIA Reactor represents a new generation of concentrate treatment methods. The ACACIA Reactor is a complete packaged plant for the maximising of gold recoveries from gravity gold concentrates. This paper will introduce the process technology and provide process results from the Porgera ACACIA Reactor installation. The advantages of the ACACIA Reactor are many, and justification for installation has been varied. The typical advantages of the process include: increased recovery of gold from the Knelson Concentrate; no return of high-grade table tails, often grading several thousand g/t, into the mill circuit; reduction in tails grades of slow leaching gold; reduction in the requirement for operating staff by the removal of the manual tabling process and replacing with a fully automated treatment system; improved security by removing the tabling step where operating staff come into direct contact with visible gold; improved health and safety, by the removal of the treatment steps for the table concentrate, which often include operators handling corrosive chemicals and the production of sulphur and arsenic compound fumes; and improved metallurgical accounting, by allowing daily head grade calculations. The ACACIA Reactor was developed by Anglogold for Union ReefÆs Gold Plant and has been in production for over two years, and has proven to be a low cost, high recovery, mechanically reliable method for the processing of gold concentrates. Such has been the success of the plant, there are now four full installations of the processing plant, including Anglogold Union ReefÆs, Anglogold Sunrise Dam, PACMIN Carosue Dam and Porgera Joint Venture.

Jan 1, 2002

By Blair JR

The tunnel alignments investigated for the Gosford Regional Sewerage Scheme are located in the Terrigal Formation and are covered for most of their length by a thick blanket of soil and weathered rock. The following techniques were found to be most effective in geotechnical investigations for tunnelling in this area: air-photo interpretation, seismic surveys to pinpoint drilling targets, in-situ measurements of strength,deformation modulus and permeability in cored holes, and the construction of rock- mass models. Cross-hole seismic modulus measurements, surface resistivity soundings and electric well-logging techniques were found to have limited applicability due to adverse local conditions.

Jan 1, 1976

The process of refurbishment is not a precisely defined one. It is under- stood to mean an upgrading of a plant which is normally performed only once. The application of refurbishment in the field of materials hand- ling equipment poses particular problems because complex plants con- sist of individual components having quite different remaining service lives. For this reason, a systematic, proven procedure is proposed for the refurbishment of large materials handling equipment, designed to ensure economic implementation in accordance with the company goals. Rheinbraun2 has been using materials handling equipment since 1900, the largest units today being bucket-wheel excavators with a daily capacity of 240,000 bank cubic metres of overburden and a service weight of up to 13,500 t (metric tons). Since 1975, more than 50 large-scale refurbish- ment projects have been carried out in the company. In the process, refur- bishment has turned out to be the proven alternative to replacement of large materials handling equipment. Rheinbraun Engineering,3 a Rhein- braun subsidiary, carries out planning, consulting, and supervising work in the implementation of refurbishment projects in Germany and abroad. The most recent example is the refurbishment of Dredger 11 of the State Electricity Commission of Victoria in cooperation with Krupp-Australia, Melbourne.

Jan 1, 1989