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By G A. Davis, D G. Laughton

The great variability of mineral and energy prices has motivated some governments to incorporate a windfall profits tax into their mineral taxation regimes. Windfall profits taxes are a means for governments to capture additional mineral revenue when mineral prices are considered higher than some historic level. Governments need to be aware of the effects of such contingent taxes on the exploration, development and operating decisions of mining companies. Mining companies need to be able to calculate the full impact of windfall profits taxes on the economics of their projects. This paper examines the valuation of a multi-phase copper-gold project in the presence of a windfall profits tax. Real options Monte Carlo simulation is used to characterise the different exposures of the mine owner and of the government to the risky cash flow streams that they receive from the project. The results highlight that Monte Carlo simulation paired with the real option valuation method is able to account appropriately for the differing risk exposures, while the traditional discounted cash flow valuation model is not. Our key conclusion for governments and mining companies is that the impact of contingent tax and royalty terms can and should be assessed using advanced valuation techniques, and the results used to improve contract designs under the constraint of actual and perceived fiscal system stability.

Jan 1, 2007

Despite mineral sand occurrences having been noted since the 1970s, the Wemen North Mine is the first operation to commence commercial mining within the inland Murray Basin. The deposit was discovered in the 1990s and, following lengthy resource development, mining commenced in 2001. This initial mine was established as a pilot operation to test the commercial viability of mining in the Murray Basin, with subsequent expansions planned if the mine proves successful. The deposit lies beneath arable farmland close to the Murray River and is hosted by Pliocene marine sands, with a geometry resembling a classical beach strand placer. The operation utilises traditional dry mining overburden removal techniques, with ore mining carried out using a floating dredge and concentrator. This paper looks at the geology of the Wemen North deposit, the mining techniques and challenges as well as grade control practices employed to mine this palaeo-beach placer deposit.

Jan 1, 2003

A methodology is described to integrate heap leaching into a CIP operation. The paper firstly describes what is meant by a 'systems approach'. A broad view of the objectives of integration of heap leaching into CIP is given, followed by the components of the system, and then a description of the methodology for integration. The seven stages of integration are given as determination of distribution of gold, sampling, metallurgical testwork, conceptual study, pilot heap operation, pit modelling and pit optimisation. The final result is a series of optimised curves which determine the maximum value of the orebody, and the optimum cut-over grade from CIP to heap leaching.

Jan 1, 1992

Dartbrook (Hunter Valley and South Bulli (Southern Coalfield) Collieries provide contrasting settings for gas sorption studies. Gas compositions at Dartbrook are dominated by carbon dioxide, with minor methane, while those at South Bulli are dominated by methane with minor carbon dioxide. Total gas contents at Dartbrook are also significantly greater than those at South Bulli. The two collieries are also contrasted in terms of coal composition and mining environment. Dartbrook Colliery mines a relatively small sectionb(4m) of very thick seam (up to mapproximately25m); the coal is vitrinite-rich, high volatile bituminous. South Bulli mines most of the seam thickness, with coal being an intertinite-rich, medium volatile bituminous coal.Coal samples have been collected from in-seam gas drainage holes for evaluation of relative gas desorption rate (methane versus carbon dioxide). Following adsorption isotherms, petrography, chemistry (proximate and ultimate analysis) and pore structure analysis (carbon dioxide surface area, mercury porosimetry). Bomb desorption studies indicate different behaviours for methane desorption at these two collieries desorbed gas compositions at South Bulli show a small enrichment in methane content. The opposite is observed at Dartbrook. Both collieries show enrichment in CO2 in the residual content. Adsorption studies show marked variation in adsorbed gas contents for methane and carbon dioxide at each colliery and between collieries. These variations are related to differences in coal pore structure, chemistry and Petrology.

Jan 1, 1998

By Q Zhou, Y Ma, J Zhu, R L. Frost, P Yuan

A series of organoclays with different surfactant arrangements were prepared by ion exchange. The resulting organoclays were investigated using a combination of characterisation techniques, including X-ray diffraction (XRD), Fourier transform infrared spectroscopy (FTIR), thermogravimetric measurement (TG) and N2 adsorption-desorption. In the present study, the pores within the organoclays were discussed on the basis of the micro- structural parameters, including BET-N2 surface area, pore volume, pore size, surfactant loading and distribution. The results show that both BET-N2 surface area and pore volume decrease from low to high packing density of the surfactant as the average pore size increases. Two basic organoclay models were proposed for hexadecyltrimethyl- ammonium bromide (HDTMAB) modified montmorillonites: 1. the surfactant mainly occupied the clay interlayer, and2. both the clay interlayer space and external surface were modified by surfactant. This study demonstrates that the pore structure of the resulting organoclays has a significant influence on the sorption efficiency and mechanism of p-nitrophenol onto the organoclays.

Jan 1, 2008

By Sanders GJ

Coals from the Southern Coalfield of New South Wales treated in the Port Kembla coal preparation plants of Australian Iron and Steel Pty Ltd differ substantially in their characteristics. Knowledge of, performance not only enables comparison and promotes better control, but also provides the means for predicting results. Evaluation of performance of cleaning equipment has been made in terms of probable error (Ep.) Results for Baum jigs, a Chance cone, heavy medium cyclones and water washing cyclones are examined. The efficiency factors derived from the probable error are applied to the float and sink analysis, mathematically simulating operating conditions. This method is applied to the Balgownie seam. The Balgownie seam lies between the Bulli and Wongawilli seams in the Coal measures of the South Coast and mining on a large scale began recently in the Bulli area. It is known locally as the Four Foot seam and exhibits er difficult washability characteristics, due to a comparatively high middlings content. These properties and the tively high inherent ash make careful selection of cleaning equipment essential for optimum recovery. The prediction technique is used to determine the possible results when this coal is cleaned in the Port Kembla plants. Predicted values are compared with results from full scale trial washings demonstrating the validity and accuracy of the technique. Applications of result forecasting are listed.

Jan 1, 1970

By Gregg PEH, Horne D, Bolan N, Stewart RB

The Tui mine site is situated on the NW flank of Mt. Te Aroha, at approximately 400 m altitude. During underground mining operations two lead-copper-zinc ore bodies were exploited and processed on site. The legacy of the mining operation is a barren dam containing over 100,000 m3 of sulphide-rich tailings. The Tui mine site is arguably the worst case of environmental degradation resulting from past mining activity in New Zealand. Although the impacted area (approximately 4 ha) is extremely small by international standards, acid mine drainage (AMD) emanating from the abandoned tailings dam and mine adits has severely contaminated local streams and prevented natural plant recolonisation of the site for more than 20 years.

Jan 1, 1995

By McNabb K. E

Significant coal reserves in New South Wales lie under areas with steep topography such as valley slopes and cliffs. Subsidence predictions are difficult to make for these locations as existing empirical databases cannot cover all permutations of topography and mining geometry. Two dimensional numerical model alternatives are of limited applicability. Consequently a novel three-dimensional numerical model is developed including the detailed panel layout, realistic rock mass properties including the full stratigraphy, goaf behaviour and actual surface topography. Model results show the same trends as subsidence measurements from Baal Bone Colliery in the Western Coalfield of New South Wales.

Jan 1, 1992

This paper discusses the significant land use changes that have occurred in the Latrobe Valley during 150 years of white occupation. The developments and changes were haphazard and made with little thought as to their setting or their environmental consequences. As a result many landscape and land management problems have not been addressed.This paper contends that the mistakes will continue unless an overall plan for the landscape of the area is developed and implemented. The concept of 'Greening the Valley' is introduced. It aims to provide focus for a comprehensive co-ordinated plan which caters for the need to restore the landscape and the need to provide for future land use. The plan will seek to draw on three major landscape features of the Latrobe Valley: the natural setting of the hills, rivers, valleys and forests; the agricultural land use including the forestry plantations; and the industrial complexes and urban areas.Rehabilitation of mining areas is a key element of the plan but must be put in a regional context and not be treated as an isolated function of a single organisation. A major challenge will be to integrate the worked out areas into useful and significant landscapes. The paper concludes by explaining the process that will be followed in an attempt to realise the concept.

Jan 1, 1992

By Worner H. K

The paper briefly summarises the work of the Titanium Research Section in the Metallurgy Department of the University of Melbourne and mentions the development of a new electrolytic process for titanium production. This process utilises the "hot-spot" cathode technique and titanium carbide anodes. An introduction is given to three further papers on titanium metallurgy to be presented to the Institute.INTRODUCTIONThe unique combination of strength, lightness and corrosion resistance possessed :by titanium and its, alloy has made them of great interest to engineers. However, high cost, difficulties of production and limited knowledge of techniques of application restrict their usage at present almost exclusively to high priority armaments.The cost of the metal is divided between extraction and processing and much research has been carried out to devise new and cheaper methods for winning the metal from its ores. Processing costs will be reduced when production volume increases.Extraction research is proceeding rapidly overseas and Kellogg (1955, p. 72) reports that 'at least seventeen companies in the U.S.A. are interested in titanium production. Of these, two are producing the metal by a modified Kroll process, three are building Kroll plants and the remainder are in various stages of research activity. The Horizons Corporation alone is contemplating electrolytic extraction and is building a pilot plant. Steinberg et aI. (1955, p. 252, p. 332) have reported the early work done by the HorizonsCorporation on electrolysis of potassium fluotitanate and titanium monoxide in fused salt electrolytes. Of these two, the former appears to be the more attractive process.

Jan 1, 1956

By A D. Bugarski, B R. Conard, G H. Sc

The objective, of the Diesel Emissions Evaluation Program (DEEP)-sponsored project at IncoÆs Stobie mine, was to conduct a long-term field evaluation of selected diesel particulate filter (DPF) systems, available to the underground mining industry. Nine state-of-the-art DPF systems were retrofitted to heavy-duty and light-duty vehicles and were subjected to extensive long-term in-mine evaluation. Periodic efficiency tests were conducted at various stages of the study (in 2001, 2002 and 2004) to establish in-use efficiencies and durabilities of the tested DPF systems. During efficiency tests, the vehicles/engines were operated over several steady-state operating conditions. Various instruments were used to measure particulate and gaseous emissions upstream and downstream of the filter systems. The results were used to assess the effects of the filter systems on the concentrations of diesel particulate matter (DPM), nitric oxide, nitrogen dioxide and carbon monoxide in the vehicle exhaust. Experience with the operational issues related to deployment of the filter systems on underground mining vehicles, coupled with the assessment of the filtration efficiencies, were the primary objectives of the study. The variety of filtration systems and regeneration concepts used in this study offered the opportunity to investigate the advantages and disadvantages of the various types. Some of the major issues studied were criteria for selecting the filter media, means of regeneration, the long-term operational reliability, and the occurrence of unwanted secondary emissions.

Jan 1, 2005

By D J. Clark, S Hewson, T Li

Cadia Hill Pit is a gold copper porphyry deposit hosted in monzonite. The pit slope design is primarily based on structural controls related to faults and shears with largely massive rock masses between the structures. The slope design attempts to achieve an optimum configuration at a bench to overall scale, considering economics and safety implications against the geotechnical and structural conditions. To date the slopes have been mined at interramp angles of up to 60¦ over heights of 120 m. Limited slope and batter failures that have occurred are structurally controlled and occur rapidly. The pit-mining schedule requires concurrent mining of part of the final pit walls and the progressive interim cutbacks. Engineering and operational solutions to hazard reduction and risk management issues have been implemented wherever viable to æengineerÆ out the hazard and mitigate the risks. However, comprehensive management plans and operating procedures have also played a vital role. This paper details the management plan and the operating procedures that have been developed and implemented to mitigate the risks associated with rock falls.

Jan 1, 2003

By Callcott R

Prediction of raw coal size distributions and those generated by processing are examined using spreadsheets and the matrix analysis of breakage processes. Run of mine coal size distributions are predicted from the lithotype properties using a

Jan 1, 1998

By Keys NJ

The so-called COMAT process provides a method for leaching low grade sulphide mattes in an acidic ferric sulphate medium in such a way that non ferrous base metals such as Ni,Cu and Co are substantially all dissolved; the concentration of residual acid and dissolved iron remaining in the leaching solution is low, and a large portion of the sulphide sulphur is converted to elemental sulphur. Thus the quantity of neutralising agents required to remove residual acid and dissolved iron from the leach solution prior to subsequent recovery of the dissolved base metals is greatly reduced. The leach residue and iron precip- itate report in a readily filterable form. In this paper results obtained on a pilot plant scale are presented for the leaching of a typical low grade matte in the manner describ- ed above; for the solvent extraction and elec- trowinning of copper, and for the removal of residual acid, copper and iron from the copper solvent extraction raffinate. Processes tested on a laboratory scale for the further recovery of cobalt and nickel by solvent extraction and electrowinning, and for the recovery of sulphuric acid and ammonium hydr- oxide from the dissolved ammonium sulphate salt contained in the final plant effluent, are also briefly described.

Jan 1, 1986

The able address on the currency question given by the Right Honorable A. J. Balfour, M.P., late leader of the Government, at the Mansion House lately, before a large and influential audience, will strike a key-note that will resound throughout the world. It is high time that gentlemen of position and influence should come forward and express their views on this subject, so as to cause the matter to be,more seriously considered than it has been. The question can be no longer ignored or treated with indifference by bankers, financiers, merchants, miners, and others interested in the settlment on some basis the relative values gold and silver bear to each other. It is gratifying to not that such a great leader of political opinion as Mr. Balfour has given serious attention to this important question.The address created a deep impression ,on the minds of many who probably had not given the matter much att.ention, and Mr. Balfour's words will re-echo over a wide range of thought with such effect that I have no doubt they will materially help to check the downward tendency of the value and uses of silver. As a mining engineer, interested in the development of our mining resources for increasing gold aud silver for currency, and having devoted much attention to the subject, I cordially approve of the views set forth by Mr. Balfouf, and I think the general body of all interested in the production of gold and silver will do the same.

Water is a key resource input to copper heap leach operations in both quality and quantity. A number of recent developments in analysis of the technology have shown that water consumption can be optimised. The leach consumption has been generally considered in terms of minimisation of the evaporative loss by changing the application method (drippers or wobblers). Modelling of the irrigation effects on leach rate has shown that the poorer surface coverage from drippers has an adverse effect on the leach extraction rate. This is particularly evident in the early part of the leach. The use of different irrigation systems during alternate parts of the leach cycle can have benefits in minimising the water consumption without an unacceptable outcome from extended extraction times. By combining the leach rate effect with the evaporative loss estimates, an economic decision matrix can be generated to allow the operator to select an appropriate leach irrigation strategy, combining both irrigation delivery and irrigation rate. In the SX-EW plant, the total quantity of EW bleed and SX scrub stage bleed (both for iron control) can be reduced to an absolute minimum. The economic minimum may be different depending on the cost of producing the high-quality water used to replace the bleed streams. Adjustment of the SX process, in particular use of multiple entrainment control steps, can provide significant reductions in the total bleed and make up requirements.

Jan 1, 2003

By G Mulder, M Adams

Since the introduction of raiseboring 30 years ago there have been many operational and mechanical design improvements in the raiseboring machine, its reamers and associated cutters. These have now made the technology of raiseboring a routine and practical operation within the underground mining world. Over the last decade these advances have been aided by the introduction of robust automation packages which have allowed unattended drilling and reaming, real time performance monitoring and enhancement and the rapid diagnostic investigation of mechanical and electrical abnormalities. The constraint to higher raiseboring performance is now the drill string. However when it comes to a cost-effective solution of applying the high drill string torque and tension necessary for the next step change in performance, designers have æhit the wallÆ. Whilst carbon fiber reinforced plastic composites with abrasive resistant sheaths may offer a solution, the limit of conventional steel, drill string technology has been reached. This limit to advancement is however based on the drill string being in tension and alternative solutions may exist by literally turning the raiseboring paradigm on its head. This paper describes the story of a small Australian company engaged in the design and manufacture of mechanical excavation machines, two Australian raiseboring contractors and three Australian mines going against tradition and pushing down rather than pulling up.

Jan 1, 1998

By Gente P, Eissen JP, Lafoy Y, Charlou JL

The North Fiji Basin (NFB) is delineated by the Vitiaz trench to the North (paleo sub duction zone, Brocher, 1985), the Vanuatu is- land arc (called before New Hebrides arc) to the West and South, the Hunter Fiacture Zone to the South-East and the Fiji islands to the East (Brocher, 1985 ; Larue et al., 1982 ; Carney and MacFarlane, 1982 ; Falvey, 1978). The NFB is characterized by shallow water depths (about 3 km) (Chase et al., 1982 ; Scla- ter et al., 1972 ; Karig, 1971), high heat flow (average of 2.29 HFC) (MacDonald et al., 1973 ; Halunen, 1979), strong positive free air anoma- lies (Worzel, 1965 ; Kogan, 1976 ; Luyendick et al., 1974 ; Solomon and Biehler, 1969) and a geoid anomaly (Malahoff and Larue, 1979) inter- preted as a geoid swelling. Few refraction data reveal a relatively thin crust and sediment co- ver, and the existence of low speeds in the up- per mantle beneath the NFB (between 7,1 and 7,7 km/s) (Larue et al., 1982 ; Raitt, 1956), which could indicate the existence of active spreading zone(s) in this area (Barazangi et al., 1974). Global seismicity of the SW Pacific clearly de- fines the.limits of the NFB, as well as the Lau basin (Sykes et al., 1969). But one can note the low level of shallow seismicity of the NFB (Ham- burger and Isacks, in press) which concentrates in three distinct trends :

Jan 1, 1987

By Jin C, Shi X

The electrochemistry of leaching gold with thiosulphate has been studied systematically by using electrochemical techniques. Results show that the current peak of anodic dissolution of gold occurs at about 50 mV(SCE) and there is passivation in the polarisation curve in the thiosulphate solution in the absence of ammonia. Ammonia markedly improves the anodic dissolution rate of gold and reduces the passivation as well as making the current peak shift negatively. Results also show that there is no current peak for a cathodic process in the range of 0 -900 mV(SCE) in the thiosulphate solution in the presence of oxygen but absence of cupric ions and ammonia. In the solution containing 0. 1 mol/L cupric-ammonia ions, the peak occurs at about -400 mV (SCE) and the cathodic process is characteristic of a catalytic reaction. Oxygen presents a predominate effect on the cathodic process. Based on the electrochemical investigation, the following mechanism of leaching gold with ammoniacal thiosulphate has been proposed. Ammonia reacts primarily with gold ions on th anodic surface of gold and the formed A (NH3)2+ rea~s then with S2O 3 in solution to form the stabler Au(S203) 2 . Cu (NHS) 4 gains electrons on the cathodic surface and is reduced to CU(N) ? which is then oxidised by oxygen and regenerated into Cu(NH3) 4 after entering the solution.

Jan 1, 1993

Dewatering tailing slurries by mechanical means is often not possible and gravity and solar driven processes must be used. It has been shown previously that better use of gravity is achieved when the tailing is drained as it settles. Not only are more compact sediments obtained but also the dewatering is faster. From the results of laboratory and field tests reported here, equations were established which describe the evaporation and drainage components of the dewatering. These equations were used to calculate the effects of ponding depth, solids content of the tailing and clim- atic conditions on the time required to dewater the tailing. Since the calculations can be made with and without the drainage component, the advantages to be gained with drainage can be determined. The tailing used in the work was a clay slime from a sand washing operation. However, it is anticipated that this approach will be applicable to other similar tailing.

Jan 1, 1978