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One common public perception of mining is that financially it is an extraordinarily risky business. Another and contrary view, in certain circles, is that price risk and other financial risks can be relatively easily removed or shifted by a number of schemes or devices. In reality, beyond the orebody discovery stage, mining need not be any more risky than most heavy industrial businesses. Nevertheless, as stated by Rappaport, (1986): Risk is a parameter of central importance in establishing the economic value of any asset. The level of risk is determined both by the nature of the firm's operations and by the relative proportions of debt and equity used to finance its investments. These two types of risk are commonly referred to as 'business risk' and 'financial risk' respectively. The term financial risk is used somewhat more loosely herein to recognise the reality that any risk inadequately addressed in the design, construction and operation of a mining project can have significant financial consequences; usually negative. For instance, a specific area of business risk in mining is often called technical risk which definitely has severe financial consequences if not managed correctly. The various risk shifting, hedging and risk management tools available all have their place and range from merely useful to almost indispensable. However, in the long-term, financial risks are maintained at acceptable levels by the application of sound, more fundamental business management principles. There are many with a vested interest in perpetuating a perception that the conceptual foundations of sound management practice are extremely complex. In reality, most management concepts are prosaic, but their application requires incredible discipline and hard work. There is no magic formula or 'silver bullet'. It appears that a company whose activities are restricted to mining can analyse the range of risks specific to mine development and operations more clearly than companies in which mining is just one of many businesses. The almost universal failure of large oil companies in the mining business is probably the best example of lack of any clear comprehension of fundamental business characteristics and risks. Conversely, in regard to risk management, choosing to be in other business as well as mining does nothing to reduce the risks of the mining business. The individual shareholder can probably make such 'diversification of portfolio' decisions better than most management teams. It could be argued that diversification across a number of disparate businesses may actually increase overall corporate risk due to lack of management concentration and focus. These differences between the perceptions of financial risks and the realities in mining need to be further elaborated in relation to some uncompromising business concepts.

Jan 1, 1994

By A Nisbett

The largest single operating loss in many hydrometallurgical plants is the poor recovery of leached product in the solids sent to tailings. Any reduction in the concentration of the valuable species in this stream will improve the project economics. Conventional design, to reduce the soluble loss, is to increase the number of wash stages or the wash/water ratio. This approach is limited in effectiveness as it can only reduce the soluble loss to that dictated by the concentration in the returning solution. For copper plants this concentration is set by the recovery in the solvent extraction (SX) plant. When using a single grade of SX feed a single grade of SX raffinate is produced generally with five to seven per cent of the copper still remaining in solution. An alternative approach has been developed by Cognis Corporation and implemented on a number of recent projects using engineering input from Miller Metallurgical Services. The SX plant feed is æsplitÆ into two different streams: a high-grade stream containing up to 75 per cent of the copper and a low-grade stream with the remaining copper. This Split-CircuitÖ concept has significant benefits in terms of both copper recovery and reduction in acid costs. The high-grade stream has the bulk of the copper removed and the raffinate sent directly back to the leach; to fully re-use the acid that has been generated during extraction in the SX process. The recycling of this higher concentrated acid stream considerably reduces the acid in the raffinate sent to washing steps. It represents a significant saving in acid consumed via the tails stream. The low-grade stream has a significantly lower SX feed grade and hence produces a lower raffinate acid and copper concentration. This lowers the economic species in the wash solution and hence reduces the soluble loss accordingly. Other operating improvements are realised with lower neutralisation costs (with the lower acid in the wash stream) and from a decreased need for in-circuit neutralisation to improve SX performance. The SX plant itself is also split into a high-grade extraction and a low-grade extraction stream to enable the low-grade raffinate to be produced. A number of circuit alternatives have been utilised that have provided a range of benefits. The circuit concept has been included into both new and existing plant operation. As a result of this experience other methods of incorporating the concept into a circuit have been developed.

Jan 1, 2005

By M A. Noppé

"Investors and other stakeholders assessing the risk, opportunity and relative value associated with a resource project need to appreciate the project in its correct context. Errors, omissions, biased reporting or conflicting information in project reporting may lead to a misinterpretation of technical and financial results, resulting in biased estimates or assumptions on project value.This paper provides a simple ‘Resource Project Framework’ for presenting a project’s status that may be readily benchmarked against other similar projects and to illustrate the stages required to advance the project outcomes to higher levels of certainty. The framework draws on definitions and guidelines readily available in various resource industry reporting codes and public company reporting requirements.The framework assesses three key areas for placing a resource project in its correct relative context, namely:the project development stagethe confidence in the Exploration Results, Mineral Resources and/or Ore Reservesthe level of accuracy, precision and confidence in the technical and economic studies supporting the reported results or options for the project.The application of the Resource Project Framework is illustrated using two project examples, one from publicly reported company project releases and the other for two development projects.CITATION:Noppé, M A, 2016. A framework for presenting and benchmarking resource projects, in Proceedings Project Evaluation 2016, pp 260–274 (The Australasian Institute of Mining and Metallurgy: Melbourne)."

Mar 8, 2016

By Marwick PL

As part of its operations Hamersley Iron operates a heavy medium Concentrator to upgrade low grade, unsaleable iron ore to produce saleable lump and fines products. Firstly, the attempts at delivering a blended feed in both chemical and physical characteristics are presented. Improvements in blending controls are shown to have given process performance improvements. Secondly, improvements to the feed preparation section are detailed. These alterations are providing a much cleaner feed to the subsequent processing stages.

Jan 1, 1987

By J O. Watson, V S. Vutukuri

This paper presents results of an investigation on acoustic emission characteristics of granite, sandstone and rock-like material in the unconfined compression and tensile tests. Both the acoustic emission signature and stress-stain curve are analysed in the experiments.The experimental results show that different acoustic emission characteristics are observed at different stress and deformation stages in unconfined compression and tensile testing. Extensive and unstable acoustic emission changes may be interpreted as indicating failure of the rock.

Jan 1, 1999

By P J. A Lever

This paper presents details of CRC MiningÆs work with waterjet assisted blasthole drilling. The objective of this work was to investigate techniques that reduce the cost and increase the productivity of blasthole drilling. The focus is on a technology that uses a high pressure waterjet to assist the conventional rotary rock cutting action of a tricone drill bit. The potential benefits of this technique are increased productivity, reduced drill bit wear and reduced hole deviation and hence improved quality of drilling. This paper describes the results of a laboratory based experimental program comparing conventional tri-cone drilling performance to the proposed waterjet assisted approach. Additionally, work has been completed looking at the more practical issues around the collection and sampling of drill cuttings and water recovery (recycling) when drilling with a waterjet. These studies have demonstrated that waterjet assisted drilling can significantly increase the rate of penetration over conventional rotary drilling. For the best-case experimental result, the relative improvement was over 40 per cent. More importantly, it is a starting point for examining alternative uses of the additional drill productivity obtained from waterjet assisted drilling. For example, increased drill productivity could be used to improve rock fragmentation by drilling a tighter blasthole pattern in the same time period. an existing drill fleet, then the drill fleet size could be reduced, or improved rock fragmentation could be achieved by drilling a tighter blasthole pattern within the same time period.

Jan 1, 2004

By R LEATHAM

Long hole drilling underground has come a long way since 'down the hole' surface drills were first taken underground. The underground miners have progressively developed the use of long hole stope drilling from the 'quarry blast' to a precise and selective removal of ore while leaving the remaining structure as undamaged as possible. To reach this position has involved the development of equipment and explosives to give the desired results. This paper reviews some aspects of long hole stope production drilling.

Jan 1, 1992

By A Taheri, G D. Nguyen, M Karakus, S Akdag

During underground mining operations, rock masses are highly subjected to dynamic disturbance caused by blasting, mechanical drilling and earthquakes resulting in strain burst, slabbing and spalling. The dynamic fracture is a significant manifestation of rock failure in deep underground engineering, and it is of great importance to assess the dynamic fracture behaviour of the rock mass under elevated temperature conditions. The correlation between temperature – and loading rate-dependent dynamic fracture mechanism of strain burst is yet to be established. A good understanding of the dynamic fracture behaviour of brittle rock subjected to high-temperature under dynamic loading is required for the prediction of the damage extent during strain burst, and proper design as well as control of the underground rock structures. In this study, dynamic mode I fracture toughness tests are carried out on cracked chevron notched semicircular (CCNSCB) granite specimens to reveal the dynamic fracture characteristics of the brittle rock. For this purpose, a Split Hopkinson Pressure Bar (SHPB) apparatus is utilised to conduct the dynamic tests with various striker velocities on thermally degraded granite. The dynamic mechanical behaviour of granite after high-temperature treatment is examined and discussed. The dynamic fracture toughness is determined and compared for the specimens exposed to different temperatures at various dynamic impacts. The fracturing processes are recorded by a high-speed camera (HSC), and the crack propagation speeds are estimated by HSC image analysis. In addition, the dynamic fracture process and the coupled effects of temperature and loading rate on the dynamic fracture modes are identified by HSC image analysis. Energy partition characteristics in dynamic fracture of granite are quantitatively investigated.

Nov 29, 2022

By J Beniscelli

Some words to honour Pedro:Pedro was among the few persons with a very high level in geology modelling, resource and reserve estimation, geometallurgy development, sampling theory applications and a deep understanding of the mining industry needs. He had brilliant ideas about new developments on economic geology. He was always looking at the long-term and proposed challenging questions a decade in advance on their solution.The fundamental aim of geometallurgy is to add economic value to the mining of mine resources by timely providing information and knowledge about the relevant metallurgical variables represented by their space models. In this manner, geometallurgy allows obtaining the optimal design of a project, mitigating processing risks, optimising and supporting production plans and identifying and assessing mining business opportunities.This paper describes the conceptual framework and geometallurgical definitions and some of Codelco’s experience during the last 15 years.

Sep 5, 2011

BHP Billiton Olympic Dam produces copper cathode, uranium oxide concentrate and refined gold and silver. The operation is comprised of an underground Mine and Processing Plant and is located 560 km north of Adelaide. Water for the operation is sourced from two wellfields located 120 and 200 km from the operation in the Great Artesian Basin (GAB) at a rate of approximately 36 ML/d. Regulatory drawdown limits were established to protect regional GAB springs and are monitored at compliance bores. Drawdown was predicted in the æOlympic Dam Environmental Impact StudyÆ (Kinhill, 1997); however, pumping at higher volumes may have the potential for increased drawdown resulting in a trend towards the compliance limits. In recent years increased usage of water in the Concentrator and Hydromet sections of the Processing Plant has caused excess process water reporting to the Tailings Retention System (TRS). This has resulted in excessive amounts of liquor ponding on the tailings cells with a potential impact being contamination due to seepage of liquor to groundwater. Effective management of water by the operation is necessary to both reduce GAB drawdown and reduce the amount of liquor on the tailings cells. A site working-group has been established to investigate and pursue opportunities to improve the water use efficiency of the operation. This paper will highlight the issue of water management at Olympic Dam and discuss the various options currently being investigated to improve management of this important resource.

Jan 1, 2006

By R Lurf, C Weber

In the frame of this paper a holistic dynamic process model approach is presented in order to introduce operational and technical excellence in drilling and blasting. Both on a macro and micro level the single process parts of drilling and blasting are outlined and their interaction is explained. The use of this approach for closing the gap between process planning and process implementation is explained and an example of the value generated is given.

Jan 1, 2007

By B Dold

Western Europe is a dynamic region, with an emerging co-operation between the individual nations both politically, economically, technically and scientifically. The European Union, today with 15 member States and with a range of central European States applying for membership, is a catalyst for this Cupertino, using a combination of EU funds, for financing research initiatives, and legislation to enhance development of technology and environmental performance. Europe is a major net importer of metals but with a large potential for own production, in particular in the accession countries. The metals and mining sector is furthermore identified as having a large potential to generate wealth both in todayÆs EU and in the future, widened Union. This paper provides a chart of examples on the many research initiatives presently underway in Europe, addressing environmental issues related to mining. The list of programmes and projects does not claim to be complete; it is rather an illustration on the wideness of the approach, describing various ways for transboundary Cupertino. The approach taken by many of the programmes goes beyond the strict ARD scientific area and therefore only a limited number of the many programmes can be identified as ARD research programmes. Also national programmes, without EU funding, are operating, eg in Sweden, Germany, and UK. The picture is continuously changing with new programmes being commissioned and old ones being completed.

Jan 1, 2003

By D J. Clark, R F. Wright, M D. Goodz

The A1 Gold Mine is a Devonian-age narrow vein high-grade gold deposit located 115 km east of Melbourne. The mine operated almost continuously from 1861 to 1992 producing 442 334 ounces of gold (13.8 t) from 530 436 tonnes from primary gold ore tonnes processed at an average recovered grade of 25.9 g/t Au. The A1 dyke was attributed with a yield exceeding 620 000 ounces (19.3 t) of gold (including gold in alluvial and tailings deposits), and was renowned as one of VictoriaÆs premier mines paying considerable dividends. The orebody was principally in a diorite dyke bulge 150 m long, 45 m wide and 700 m deep and was mined via two vertical shafts. The mine site was closed in 1992 and the site was rehabilitated in 1999. In 2008 - 2009, a diamond drilling program identified various extensions to the host dyke lithology and to gold-bearing quartz vein filled fault zones over a 700 m strike length. The outcome of this study was the establishment of a mine geology corridor four times longer in strike length than the original 1970s model. This opens A1 dyke hosted deposit style to exploration outside the historical dyke bulge and provides exploration opportunity for all similar deposits. Construction of the first 3D geological model has developed new insights on the host rock diorite dyke system and identified various extensions to both host stratigraphy and to gold-bearing mineralised structures. Coarse visible gold in quartz vein mineralisation (>30 g/t Au) and medium-grade stockwork mineralisation (8 - 15 g/t Au) has been intersected within 100 m of the surface and up to 300 m along strike of the nearest historical underground workings. At depth it appears that the mineralisation is continuous with the main dyke body with consideration of minor rotation in the strike orientation and limited reverse thrust faulting showing maximum displacement of 10 - 20 m. Along the A1 mine corridor, between two and five parallel dykes are observed at different drill sections. The gold mineralisation is hosted mainly within the dyke rocks, but where the sedimentary rocks are intensely silicified or are xenolith rafts, the gold mineralisation continues across these sedimentary rock blocks. There has been inference to the role of silicified sedimentary rocks as a second ore host and a bounding material for inflections in fault and vein orientations. In the central 150 m long A1 mine dyke bulge, the extremities are demarcated by four to five parallel dyke fingers (referred to as apophyses) going both north and south. These apophyses are clearly observed both vertically and horizontally between levels No 4 and No 9. The dyke fingers entrap sedimentary rock xenoliths and collectively form the A1 dyke æcorridorÆ, which is quite uniform in overall width from the easternmost contact (footwall) to the westernmost contact (hanging wall). Dyke fingers were assumed to coalesce at depth into a single dyke, but recent drilling shows this feature to repeat in several positions with depth and along strike. Key observations are the relationship between gold grade and fracture density, alteration, sulfidation, host rock morphology û relation of contact shape and fault zones. These relationships allow for the classification of prospectivity indicators and geology as a guide to potential extensions of mineralised zones. Mining geology is contributing to the whole-of-mine life planning and development where decline path, stockpile and infrastructure positions are controlled by geology.

Jan 1, 2009

This paper is for mine managers. It is about maintenance of mining equipment. This is an extremely broad subject so this paper is given with the caveat that it necessarily contains generalisations, not true in all cases, but broadly correct. The job of mine managers is to be good at making money from the excavation and preliminary treatment of mineral. To do this well, they need to understand the cost and value drivers in the business. This includes understanding the drivers associated with maintenance. Maintenance is often identified as a problem at mine sites. It is frequently listed as the cause of production shortfalls when reporting. The state of maintenance within mining as an industry is generally among the lower end of the range, when compared to manufacturing, petrochemicals, etc. Why is this? Experience and review of many audits and evaluations of maintenance has shown that some patterns are consistent with good performance and some consistent with poor performance. These often centre around the time horizon of the management team and are associated with knowing the sensitivity of the business to certain maintenance drivers and the mechanisms of maintenance and their results. To summarise, some common misunderstandings can be listed as statements that are obvious and extrapolations from those, which are not necessarily correct. For example: High availability of equipment is necessary for production. Incorrect extrapolation:focus on availability will produce high production. Design is often the greatest factor in determining the reliability of a mining machine. Incorrect extrapolation: the newest and biggest machines generally have the lowest cost operations. Operation has an enormous impact on machine productivity and reliability. Incorrect extrapolation: the fastest operators are generally the best from a productive point of view. Some maintenance improves the performance and reliability of machines. Incorrect extrapolation: more maintenance will give you more reliability. Some maintenance depends on disassembly and reassembly of components. Incorrect extrapolation: assembly is basically the reverse process of disassembly. Maintenance improvement in the mining industry in the last 15 years has focused largely on planning and systems improvement. Incorrect extrapolation: most of the problems in maintenance can be traced to a lack of planning. Actions based on flawed extrapolations will steer a business suboptimally. It is therefore important that the mine manager understands these issues so that the improvement effort can be directed to the greatest benefit.

Jan 1, 2006

By Jiaxin Zhou

Acid mine drainage is a serious and chronic environmental problem of mining. This paper discusses the factors affecting the rate of acid generation by mine rocks and illustrates the relevance of these factors to the mines of the Northern Territory, Australia. The factors may be divided into two groups: internal factors and external factors. The first group covers characteristics of ores, mine waste rocks, tailings, etc and the second group covers surrounding conditions. The latter is further divided into four sub-groups, viz surrounding temperature and pressure, chemical conditions (ferrous/ferric adsorption ratio, total iron concentration, oxygen concentration and pH), surrounding biological conditions and mechanical conditions. Special attention is given to the surrounding P-T conditions, especially water partial pressure, and its relevance to the Northern Territory mines.

Jan 1, 1994

By J Wu

Swirl Flow Technology (SFT), a novel approach for agitation in large industrial slurry tanks, was jointly developed and patented by CSIRO and Queensland Alumina Ltd (QAL). Currently, SFT is used in 16 alumina precipitation tanks at QAL, with the first installation in January 1997. This paper provides insight to the underlying fluid dynamics, which were investigated through pilot-scale experiments. A key finding was that SFT produces tank wall velocities approximately four times that of conventional draft tube agitator systems for the same power input, whilst for solids suspension, much less power is needed. SFT is energy efficient and practical in scaling suppression as demonstrated by the full-scale experience at QAL.

Aug 8, 2011

The old Trekelano mining area is situated in the Cloncurry Gold and Mineral Field 14 km east-south-east of Duchess. It connected with the main Cloncurry-Dajarra railway line by a private line from Juenburra, a distance of 10 km. The distance by rail from Townsville is 561 km. The area was first mentioned circa 1902 - 1903 when a very short report said, that a Tony Allis had taken a parcel of copper ore out of a mine which, he called æThe InheritedÆ. After that report, nothing further was printed until about 1906, when traces of copper were noticed on a wagon track going to Kiama Well. The Trekelano deposit did not outcrop, with the cap covered by about two metres of soil. The deposit was named after an early pastoral holding. The early prospectors were however disappointed by TrekelanoÆs low copper grades, approximately five per cent Cu. This is understandable when, in those days, about 25 per cent was the cut-off grade for mines in the district. Meanwhile, The Hampden Mining and Smelting Company were constructing a smelter to treat their sulphide ores at Kuradala that was replacing their high grade oxides ore. By about 1910, the Hampden Mining and Smelting Company was experiencing smelting problems, and needed suitable oxidised copper ore to blend with the Kuradala pyritic ore. Someone must have remembered the Trekelano low-grade oxides, resulting in agreement to mine and cart the ore to Duchess, from where it was railed to Hampden, as Kuradala was known at that time.

Jan 1, 1998

By M Fuchs

Roadheaders were introduced to mining and tunnelling in the early-1960s. Since this period their main field of application has been for roadway drivages in coal mines and for mineral production, for instance in coal, rocksalt, potash and gypsum mines. Their main field of application in tunnelling is in softer and partly friable rock formations, a suitable area for non-blasting excavation. However, in longer tunnel sections excavators with high ripping forces have replaced roadheaders in many situations. The main arguments against roadheaders have been and still are:a sharp increase in excavation cost with increasing rock strength and increasing abrasivity; and greater risks in conditions which have not been, or could not be, investigated to a sufficient extent. These arguments have, to a great extent, restricted practical roadheader application in production mining and in a lot of æstandardÆ tunnel projects. To address these limitations, factors which could make roadheaders attractive for such conditions and could overcome existing technological difficulties have been investigated. Extension of the economic field of application in hard rock was found to be the most important and the most effective step forward.

Jan 1, 2002

Adsorption isotherms, zeta potential and coagulation techniques have been used to exa- mine the mechanism of metal activation on SiO2 and ZnS surfaces. The importance of surface nucleation or precipitation of metal hydroxide coatings is'established and identified-by characteristic charge reversal patterns. The significance of surface coatings in sulphide and non-sulphide flotation is discussed.

Jan 1, 1973

By X S. Li

The modern mechanical excavation machines have enough power for cutting hard rock. The ‘bottle neck’ which limits the use of machines for hard rock excavation is ‘cutting tool’. To cut hard and abrasive rock, CSIRO has been developing Super Material Abrasive Resistant Tools (SMART*CUT). SMART*CUT technology replaces the tungsten carbide (WC) tip of conventional pick with thermally stable diamond composite (TSDC) and attaches the TSDC tip to steel tool body with CSIRO worldwide patented bonding technology. This paper introduces the key features of SMART*CUT, compares its performance with conventional WC tipped tools, discusses the challenges faced by SMART*CUT and the further developments needed for successful application of SMART*CUT to mining industries.

Nov 22, 2011