Search Documents

By M Wortley, J Korteniemi, D La Rosa, L Rajavuori

Geometallurgical modelling of an orebody provides benefits to a mine by gaining a better understanding of the ore characteristics and how they affect the performance of the concentrator. With this knowledge, plant operating conditions can be adjusted to optimise throughput and recovery in advance of the arrival of particular ore types. Therefore, it is extremely important that the origin of the ore being processed is known as accurately as possible. Depending on the homogeneity of the ore characteristics, reliance on assumptions about stockpile residence times, scheduling and material handling can render the best geometallurgical models useless.The solution adopted at Agnico Eagle’s Kittilä mine was to utilise Metso SmartTags™ and in-house expertise to develop a system that continuously and accurately links geotechnical and lab data from the mine to the performance of the plant. This application presented several unique opportunities and challenges. For example, this was the first installation of a SmartTag™ system for geometallurgical modelling in an underground mine. Challenges included the fact that the system installation is routinely subjected to temperatures below -20°C.The system was installed and commissioned in early 2013 and has been operating continuously since. Kittilä has begun to see the benefits of the system, with an increased understanding of how different ores are processed in the concentrator. Other advantages include the ability to alert operators about the arrival of difficult ores and a better understanding of the ore handling systems.This paper describes the installation and use of the system at Kittilä and details some of the geometallurgical relationships that have been developed using the data collected so far.CITATION:La Rosa, D, Rajavuori, L, Korteniemi, J and Wortley, M, 2014. Geometallurgical modelling and ore tracking at Kittilä Mine, in Proceedings Orebody Modelling and Strategic Mine Planning Symposium 2014 , pp 291–298 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Nov 24, 2014

By J Joy, A Bye, G V. Kizil

This paper presents an application of the newly developed risk-cost-benefit (RCB) framework to support risk management decisions for the selection of wall monitoring technologies at an open cut mine site. The RCB framework quantitatively assessed the risk of unstable slope-induced wall failure and its impact on both loss of life and coal recovery. The RCB framework was utilised in the selection of an optimum group of risk-controls to effectively manage the risk of wall failure to ensure safety and optimal production occurred. The RCB framework incorporates mathematical modules that integrated RCB calculations and risk-control effectiveness assessments to determine the risk reduction and financial impact of the examined safety initiatives.This paper provides an overview of the five-staged RCB framework, incorporating the RCB decision support tools, RCBGEN (Risk-Cost-Benefit Generator) and RCEMETHOD (Risk-Control Effectiveness Method), and demonstrates its application to slope stability risk management at the case study site. The RCB charts are designed to display a balance between risk, cost and benefit for easy interpretation by decision makers to support the objective selection of an optimum suite of risk-controls. The RCB analysis revealed that a combination of ævisual inspections, automatic extensometers and radarÆ for fast- and slow-wall failures with structure were sufficient to reduce the probability of loss of life (PLoL) to the æModerateÆ zone as defined by the Australian Geomechanics Society (AGS, 2007) for the case study site. The new framework presented in this paper provides a method to effectively determine the suitability of risk-controls and supports industry efforts to reduce risk to as low as reasonably practicable (ALARP).CITATION:Kizil, G V, Bye, A and Joy, J, 2012. Risk-cost-benefit analysis of early warning technologies impact for wall failure risk management in surface mines, in Proceedings Eighth Open Pit OperatorsÆ Conference , pp 55-64 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Sep 18, 2012

By T G. Vizcarra, T J. Napier-Munn, A T. Karbowiak, M G. Hart

Squeezing extra performance from existing equipment (‘sweating the assets’) is key to continuous improvement initiatives, particularly during times of cost cutting where the option of spending additional capital to facilitate circuit upgrades can be severely constrained. A common challenge, however, is identifying the best combination of settings for different process variables, as their effects can be camouflaged by interactions with other process variables and, of course, noise in historical data.This paper describes a recent investigation at Boyne Smelters Limited to identify strategies to coarsen the product of its dry, fixed-speed, open-circuit AG mill, without the need for installing pre-screens prior to the mill. The product is used as insulation material for the reduction of alumina to aluminium, and an excessively fine product was inhibiting the ability of the cover material to dissipate heat from the underlying anodes. The approach was to undertake a series of experiments, designed according to statistical criteria, to elucidate the effect of key process variables (feed blend and power draw) upon the product sizing. The results provided clarity about what strategies would encourage the production of a more desirable mill product (with some surprises). The study is a good example of how properly designed experiments can identify hidden potential in processing circuits, thereby mitigating the need for capital-intensive upgrades.CITATION:Vizcarra, T G, Hart, M G, Karbowiak, A T and Napier-Munn, T J, 2018. Getting the most from existing processes: using cleverly designed experiments to optimise the line 3 AG mill at Boyne Smelters Limited, in Proceedings 14th AusIMM Mill Operators' Conference 2018, pp 207–216 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Aug 29, 2018

By H Arvidson, V Chamberlain, R Marinho, B Parsons, T Rowl, M Noppé, M Mattera

With the introduction of CRIRSCO (2019) based mineral asset disclosure, Regulation S-K part 1300, 2019 (S-K1300) by the United States (US) Securities and Exchange Commission (SEC), applicable to companies listed on the New York Stock Exchange from 2021, Mineral Resource is now required to be reported Exclusive of Mineral Reserve, referred to here as ‘Exclusive Mineral Resource’ (EMR). EMR is equivalent to reporting Mineral Resource additional to Mineral Reserve, which has been permitted in jurisdictions outside the US for many years. Despite this, there are no practical guidelines in the literature or relevant reporting codes and rules for Competent/Qualified Persons to refer to, which creates a risk that disclosure of EMR estimates across the industry will be inconsistent and potentially ambiguous for analysts, investors, potential investors, and other stakeholders.With the introduction of CRIRSCO (2019) based mineral asset disclosure, Regulation S-K part 1300, 2019 (S-K1300) by the United States (US) Securities and Exchange Commission (SEC), applicable to companies listed on the New York Stock Exchange from 2021, Mineral Resource is now required to be reported Exclusive of Mineral Reserve, referred to here as ‘Exclusive Mineral Resource’ (EMR). EMR is equivalent to reporting Mineral Resource additional to Mineral Reserve, which has been permitted in jurisdictions outside the US for many years. Despite this, there are no practical guidelines in the literature or relevant reporting codes and rules for Competent/Qualified Persons to refer to, which creates a risk that disclosure of EMR estimates across the industry will be inconsistent and potentially ambiguous for analysts, investors, potential investors, and other stakeholders.

May 24, 2023

By E Shilov, R Dixon, L Tovey

BHP Western Australian Iron Ore (WAIO) operations use a suite of slope monitoring systems which are deployed to operational areas based on the ground control risk. Slope Radars are one system used within WAIO, having recently deployed and integrated a network of 22 radar systems across the operations. The integration required the development of supporting network architecture, infrastructure, virtualised hosting, security protocols and a technology support model. This has enabled data transfer between the physical radar systems located in open pits, to on-site offices, a vendor supported remote control room in Indonesia and the WAIO Integrated Remote Operations Centre for data analysis and monitoring of system and displacement alarms 24/7. The typical technical skillset of a Geotechnical Engineer does not include the knowledge and capability to understand and develop the supporting IT infrastructure required for establishing an integrated radar monitoring network. This paper will provide a discussion of the technology considerations for integrating radar systems and highlight the importance of the developed partnerships between internal geotechnical and technology teams and the external vendor team to ensure a reliable, robust and scalable slope monitoring solution.

Nov 29, 2022

By D Reid

Run-out analyses of tailings storage facilities are typically undertaken using methods based on rheological theory. These are reasonable techniques to model the behaviour of tailings that, through significant run-out and possibly mixing with supernatant water, are generally acting in a fluidised manner. Such modelling often follows on from two-dimensional continuum analysis models where, if failure is predicted, grid failure often occurs when deformations begin to increase. This results in a disconnect between the prediction of failure and the modelling of the potential extent of the failure.Recently, rezoning methods have been incorporated into commercially available two-dimensional soil mechanics deformation codes. Rezoning techniques enable large deformations to be modelled within a two-dimensional continuum analysis framework; however, while promising, the use of such tools is not yet widespread, and a consensus is yet to develop on how they should be applied to tailings dam run-out modelling.This paper uses FLAC rezoning techniques to model the flow behaviour of two historic tailings dam failures. The purpose of these analyses is to critically assess the performance of rezoning against some available historic failures. The required data to undertake such an analysis is outlined, along with the inherent limitations and assumptions required. Parametric analyses are outlined to address some of these issues. In general, the analyses undertaken underestimated the flow distance observed in the historic failures by varying degrees; however, in some instances, the analysis reasonably reproduced the qualitative shape of the initial failure zone. A variety of potential reasons for the discrepancy between historical observations and the models undertaken are provided.CITATION:Reid, D, 2015. The use of rezoning techniques to model historic tailings failures, in Proceedings Tailings and Mine Waste Management for the 21st Century , pp 201–206 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Jul 27, 2015

By D Connelly

Quartz deposits are common in nature but the presence of quartz suitable for yielding high purity quartz is exceedingly rare. This paper describes a test work study on producing high purity quartz (HPQ) product to meet the tight product specifications of greater than 99.97per cent, including four and even five nines, for uses including, lighting and fibre optics and modern-day high efficiency solar panels. Due to demand in renewable energy applications the market for high purity silica solar panels known for their increasing efficiency and durability is rapidly growing. Demand continues to rise for the use of high purity quartz in semiconductors, electronics, imaging and sensor markets. Microelectronic components are created by chemically fabricating wafers of semiconductors such as silicon to obtain the desired transport of electrical charge and control of the current. The production of silicon metal from high purity quartz has been designated a Strategic Mineral by the European Commission and by the US Department of Justice due to the growing significance of this metal in various industries. The subsequent processing of quartz is the key step to adding value and aiding technological advances. Overall, the high purity quartz market is a highly secretive, specialised market with increasing opportunities for stakeholders. The attempt to produce HPQ in this work was carried out using an Australian quartz ore following a typical HPQ process flow sheet. The unit processes included primary crushing, scrubbing, magnetic separation, flotation, acid leaching followed by hot chlorination. The results indicate that grinding of quartz requires specialist equipment due to the hardness and extreme abrasiveness of the ore leading to additional iron contamination in the ground ore. The critical impurities were aluminium, iron, sodium, potassium, lithium, titanium, zircon, calcium and magnesium. The chemical refining was found effective. The hot chlorination process needed to be done at 1200°C in a chlorine – hydrogen chloride gas atmosphere. The risk of any gas being released during this stage is very serious and only specialist companies should and can carry out this step. More recent studies reported many new options that appear to facilitate the production of HPQ with the requisite purities more easily, but costly equipment along with highly trained operators are required and hence unlikely to become available in standard metallurgical laboratories any time soon.

Sep 1, 2024

By D Lucato, B Haase, R Saha, S Limberger-Forte, J Lishman

Cadia East Mining operations have employed geometallurgical techniques to advance the understanding of the in situ rock hardness variability across existing Panel Caves (PC). Geometallurgy advances the understanding of variability across an orebody through the integration of geology, mineralogy and processing response and therefore enhances spatial mapping of comminution or separation properties. Spatially extensive geometallurgical measurements are necessary so that continuous rock properties can be generated and used for the development of comminution and processing domains using geostatistical modelling. Standard testing protocol across geological and mineralogical domains is vital to understand the variability in deposit wide comminution and separation properties. The high cost and large sample requirements associated with metallurgical test work typically results in insufficient data density and distribution, making it difficult to model and map deposit scale variability. Quantitative hardness proxy tools are useful to measure in situ rock hardness, however this data is typically either sparse or missing within advanced mining operations. In recent years, mineralogy and multi-element assay data has often been collected as part of the standard geological data set and is generally coincident with metallurgical test work. In this paper relationships between mineralogy and comminution parameters have been applied to multi-element assay data with coincident measured Bond Work Index (BWi) data to generate a predicted BWi using linear regression. The predicted BWi is intended to supplement existing measured BWi data to enable better extrapolation across the deposit. Geostatistical Conditional Simulation methods have then used the predicted and measured BWi data to produce a BWi variable as a new input to the resource model. The simulated BWi can be used as an input for specific energy models to predict required grinding energy consumption across a deposit.

Mar 22, 2022

By F I. Cox, D Peeler, T Bodisco

"Diesel particulate matter (DPM), in particular, has been likened in a somewhat inflammatory manner to be the ‘next asbestos’.From the business change perspective, there are three areas holding the industry back from fully engaging with the issue:There is no real feedback loop in any operational sense to assess the impact of investment or application of controls to manage diesel emissions.DPM are getting ever smaller and more numerous, but there is no practical way of measuring them to regulate them in the field. Mass, the current basis of regulation, is becoming less and less relevant.Diesel emissions management is generally wholly viewed as a cost, yet there are significant areas of benefit available from good management.This paper discusses a feedback approach to address these three areas to move the industry forward. The six main areas of benefit from providing a feedback loop by continuously monitoring diesel emissions have been identified: Condition-based maintenance. Emissions change instantaneously if engine condition changes. Operator performance. An operator can use a lot more fuel for little incremental work output through poor technique or discipline. Vehicle utilisation. Operating hours achieved and ratios of idling to under power affect the proportion of emissions produced with no economic value. Fuel efficiency. This allows visibility into other contributing configuration and environmental factors for the vehicle. Emission rates. This allows scope to directly address the required ratio of ventilation to diesel emissions. Total carbon emissions. For National Greenhouse Emissions Reporting (NGER)-type reporting requirements, calculating the emissions individually from each vehicle rather than just reporting on fuel delivered to a site.CITATION:Cox, F I, Bodisco, T and Peeler, D, 2014. Continuous remote emissions monitoring – the lynchpin for air quality management, in Proceedings 12th AusIMM Underground Operators’ Conference 2014, pp 137–142 (The Australasian Institute of Mining and Metallurgy: Melbourne)."

Mar 24, 2014

By T Wettainen, G Shekhar, M Stromsten, B Skawina

The aim of a transportation system in an underground mine is to move the rock masses from one location to another in the most preferable manner by minimising the long and short-term operational costs. A continuous improvement of material transportation systems used in mines generates a need for continuous investigation of the current and new underground transportation systems. In an underground mine, an orepass is a common system used to transfer the material to the lower levels. If this system loses the ability to transport or store the necessary material capacities, it would result in production disturbances. In this paper, discrete event simulation (DES) was utilised to analyse the material inflow and outflow of the orepass systems when subjected to the different conditions. The study presented in this paper is based on the Malmberget mine, the second largest underground sublevel caving (SLC) iron ore operation in the world.

Mar 15, 2021

By V Gumba, S Narendranathan, C Barker, R D. H Thomas, G P. Bungard

This paper presents the positive outcomes on an EPCM project, which was undertaken in a challenging environment, whereby the design team had to generate a design with a number of stringent serviceability criteria, any deviation from which would have had significant implications to the proposed design performance. The success of the design implementation within the tight time frame hinged upon the precise installation by a skilled contractor. The overall objective was achieved as a result of close collaboration between the designer and contractor ensuring all stringent quality assurance/quality control (QA/QC) aspects were met and opportunities to optimise design without compromising on performance were identified and implemented, resulting in a cost saving of over A$13 M.CITATION:Narendranathan, S, Thomas, R D H, Bungard, G P, Gumba, V and Barker, C, 2012. The importance of collaboration between designers and contractors in implementing a design in challenging conditions, in Proceedings Eighth Open Pit OperatorsÆ Conference , pp 97-102 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Sep 18, 2012

Historically the insurance industryÆs involvement in any project has been relatively late in the process. Often it was a case of the last item to be ticked off the checklist has been to ensure that the insurance is in place. However, in more recent times insurers have imposed more restrictions on the cover they are prepared to provide, which has in some cases necessitated a change in the contracting structure to accommodate the insurance policy(ies). In addition, changing contractual practices have changed the allocation of risk between the various parties involved. This calls for a more proactive approach to the design and implementation of an insurance program for both the construction and operational phases of any resource project. This paper explores how a risk managed approach to the design and implementation of an insurance program for a resource project can align itself with current management approaches to project development. From the authorsÆ experience, this approach is best adopted early on in the project (often in conjunction with the bankable feasibility study) and follows AZ/NZS4360 to objectively examine and compare a wide range of risk exposures of the project in a time-effective manner across the following areas: personnel; environment; general management; compliance û legislation, systems, protocols; asset management; change management; financial impacts to the organisation; products/services; service delivery; and technology. Having identified and then analysed the risk exposures according to common consequence and likelihood ratings the next step is to develop a risk map of all considered exposures. The true value of this approach lies in the development and implementation of a risk treatment plan for identified exposures where the exposure is unacceptable. The plans will lead to the optimal solution to the appropriate risk prevention, risk mitigation and risk transfer options available. This paper also examines other benefits to the project that may arise from adopting a risk managed approach in addition to the ability to design an insurance program which recognises the exposures and the ability of the organisation (and other project parties) to retain risk.

Jan 1, 2007

By S O’Connell, M Scholz, A Robertson, M L. Bloss

The value created in any mining operation is a function of the mine plan. The quality of this plan is dependent on the strategies employed during definition drilling, resource estimation and mine planning. This paper presents opportunities to improve the value of an operation through better strategic management of these core activities. Case studies undertaken recently at Olympic Dam are presented to support the conclusions presented in the paper.CITATION:Bloss, M L, O’Connell, S, Robertson, A and Scholz, M, 2016. Do we maximise the value of our operations through our definition drilling, resource estimation and mine planning strategies? In Proceedings International Mine Management Conference, pp 9-20 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Jun 22, 2016

By G Maude, R Ayres, R N McLean, N A. Reynolds

"An EXTENDED ABSTRACT is available for download. A full-length paper was not prepared for this presentation. The Mabilo copper-gold-magnetite skarn deposit is located in southern Luzon in the Paracale mineral district, where iron has been produced historically from several skarn deposits. Mabilo occurs in the south-west of the district and is distinct and significant because of its high grades of copper and gold compared to historical mines.The Mabilo licence surrounds the Venida prospect, where past small-scale mining has exploited iron, copper and gold mineralisation in oxidised skarn. A ground magnetic survey in 2007 defined a number of strong anomalies under Quaternary volcanic cover south of Venida. The property was acquired by Sierra Mining Ltd in 2011, the magnetic data were remodelled and drilling commenced in September 2012. Diamond drill hole MDH001 targeted the strongest anomaly, which was 500 m south of Venida and under 20 m of volcanic cover. It intersected 94 m with an average grade of 2.2 per cent copper, 1.6 g/t gold and 36.6 per cent iron. Subsequent drilling was targeted by magnetic modelling, incorporating magnetic susceptibility data from drill core, which resulted in a high percentage of successful drill holes.The mineralised skarn preferentially replaces a dipping limestone unit within an Eocene sequence dominated by volcanic siltstone and sandstone, metamorphosed to marble and hornfels in the aureole of a Miocene quartz-diorite intrusion. Skarn occurs discontinuously along the eastern and southern diorite contact, controlled by primary sedimentary facies variation, structural geometry, fault offsets and intrusive contacts.Coarse magnetite skarn with garnet and minor wollastonite and clinopyroxene contains variably abundant chalcopyrite and minor molybdenite. Magnetite skarn occurs in sharp contact with unaltered marble or grades into garnet skarn with minor chalcopyrite. Structurally controlled retrograde skarn alteration is strong to intense and is characterised by bornite, clinozoisite, iron carbonate and chlorite. The retrograde skarn is weakly overprinted by late-stage pyrite veining and brecciation associated with clay-silica alteration with arsenopyrite and tetrahedrite-tennantite.The quartz-diorite stock is interpreted as the source of the prograde skarn-forming and mineralising fluids. Late-stage porphyritic intrusions in the contact zone indicate continuing magmatism during uplift, when telescoping led to a high-level, high-sulfidation overprint. This suggests the potential for deeper porphyry-style mineralisation.CITATION:Reynolds, N A, Ayres, R, McLean, R N and Maude, G, 2015. The Mabilo copper-gold-iron deposit – a new skarn discovery in the Philippines , in Proceedings PACRIM 2015 Congress, pp 431–438 (The Australasian Institute of Mining and Metallurgy: Melbourne)."

Mar 18, 2015

By J Webb

The mining industry is relatively niche and complex compared to other global industries in its safety and operating environment. Whilst some of the technology required to decarbonise the mining industry will emerge from the mass market (eg batteries, energy storage solutions and renewable power generation) where exogeneous external investment and innovation will drive supply, bespoke applications such as material movement will be constrained by industry limitations. Underground load and haul equipment burns the majority portion of underground mine diesel, and typically 25 per cent of scope one and two emissions. Transitioning away from incumbent diesel engines offers a considerable health benefit to all mine workers, as well as decarbonisation achievements, and through trials there is emerging evidence of more productive equipment and realistic expectations of lower operating costs of fleet. However, new equipment and material movement systems that support these industry goals are currently approached with caution due to the pivotal role they play in delivering productivity goals, and the lack of experiential data and certainty to mitigate the supplier development risk during this technology transition period, where all resources are required to meet a booming industry. A group of mining companies and suppliers have the aligned aim to accelerate the understanding and availability of heavy haulage mobile equipment through collaboratively piloting equipment and working with suppliers and each other to aggregate market demand, encourage investment and resolve the mine design and technology choices through their involvement in the Electric Mine Consortium (EMC). This paper will outline the major challenges the industry must overcome in sourcing and adopting a zero-diesel particulate and zero-emission mine, drawn from cases and insights across ten EMC mining company members.

Mar 29, 2023

By D La Rosa, K Caron, H Mamani, W Valery, R Diaz

The Gold Fields Cerro Corona copper-gold deposit in Peru has heterogeneous rock characteristics in terms of its mineralogical, geological and geotechnical properties. Blast design variations in these conditions directly impact the run-of-mine (ROM) fragmentation, which in turn influences downstream process efficiencies. In particular, when harder ore is processed, throughput and circuit performance may be limited.To evaluate the potential to increase throughput and improve overall plant performance by optimising blasting practices and comminution circuit operation, Gold Fields La Cima engaged Metso Process Technology and Innovation (PTI) to conduct a full process integration and optimisation project at Cerro Corona. Blasting, crushing and grinding processes were reviewed to identify the potential to achieve substantial improvements in productivity when treating the most competent ore types.Site-specific models of the blasting, crushing and milling processes were developed using SmartTagTM ore tracking technology for calibration and validation. Ore tracking permitted locations in the blast volume to be queried against the geotechnical block model to determine the hardness and structural parameters of the feed to the comminution circuit. They also ensured surveys were conducted when ore from the audit blast was flowing through the crushing and grinding circuits.The predictive models developed enabled PTI to demonstrate how changes in blast design influenced both ROM fragmentation and the performance of downstream comminution processes. Outcomes of the project suggested changes to blast designs and comminution practices, and these were partially implemented for a validation trial. The trial demonstrated a 14.8 per cent increase in mill throughput for the specific ore selected for the study, and an average increase of 5.7 per cent for all ore types. There is potential to further increase throughput and process performance if all recommendations are implemented. This paper describes the methodology used and benefits to the operation from the mine to plant.CITATION:La Rosa, D, Caron, K, Valery, W, Diaz, R and Mamani, H, 2015. Blast fragmentation impacts on downstream processing at Goldfields Cerro Corona, in Proceedings 11th International Symposium on Rock Fragmentation by Blasting, pp 333–342 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Aug 24, 2015

By A Keogh, P Allen, P Stoker

"An EXTENDED ABSTRACT is available for download. A full-length paper was not prepared for this presentation. Private equity (PE) firms are comparatively free of mandatory requirements for the level and scope of due diligence applied prior to making investment decisions in minerals projects when compared to listed entities, sovereign funds or financial institutions adopting the Equator Principles (Equator Principles Association, 2013). While this freedom allows for flexibility, agility and innovation in making investment decisions, it can also expose PE firms to material risks that may impact their ability to successfully list the projects or attract later financing.Financial institutions and investors with mandatory due diligence and disclosure standards may refrain from investment in or acquisition of a project if it fails to meet various performance requirements. There are many high-profile projects that have suffered significant write-downs on book value after acquisition because specific non-mining issues were not adequately assessed. Thus, a PE firm may be left with an asset that is difficult to divest and incapable of securing development finance.PE firms can manage this risk by being aware of the growth trend in the adoption of ‘international standards’ in addition to host nation standards and legislative requirements. This paper outlines key issues for PE firms to address to maximise the chances of obtaining funding or successfully taking an exploration or mining project through to listing or divestment. Two steps are required: identification of gaps in performance and priority matters of interest to financial institutions and development of action plans to ensure that the priority requirements are met or capable of being met.A PE firm can set its project for success by understanding the social and environmental performance requirements of international standard financiers and by setting the project on the right path to meeting these requirements, and thus making it an attractive investment.CITATION:Allen, P, Stoker, P and Keogh, A, 2015. Setting for success – private equity exploration and mining project buy-in to listing and divestment , in Proceedings PACRIM 2015 Congress, pp 93–100 (The Australasian Institute of Mining and Metallurgy: Melbourne)."

Mar 18, 2015

By P Moynagh

"A plan is critical but on its own it is a bit one dimensional, the three dimensions critical to success over the long-term, through changing economic, geological and management conditions are:the quality of your planning an ability to see and adapt to change a disciplined continual improvement/learning system.This paper will examine how a number of major Australian resource companies have used a commitment management system to connect the ‘theory’ embodied in plans (whether mine, project, maintenance or training plans) and immediate reality ‘practice’ as experienced by supervisors and their crews in the workplace. This paper draws on management theory embodied in management operating systems (MOS), Lean, Theory of Constraints and Six Sigma approaches to continuous improvement and a good dose of real world experience. It is embodied in the statement: ‘successful organisations are driven by a series of commitments that people make to each other and deliver on’.Citation:Moynagh, P, 2016. Everyone Has a Plan Until They Get Punched in the Mouth – Creating Trust, Commitment and Results in Tough Times, in Proceedings Ninth AusIMM Open Pit Operators' Conference 2016, pp 293–299 (The Australasian Institute of Mining and Metallurgy: Melbourne)."

Nov 15, 2016

By M A. González, J A. Romero, D L. Fuentes, C J. Poblete, O Abdrashitova

"Robustness can be defined as the ability of a system to resist change without adapting its initial stable configuration. Robust design methodology, which is widely accepted in the manufacturing industry, allows the establishment of robustness and reliability metrics in scenario analysis.In the mining industry, a mine can be considered as a system with design parameters such as processing plant and mining capacities. Traditionally, a limited number of scenario iterations are performed in an attempt to determine optimal capacity values. An important strategic decision such as process plant capacity in particular is made during the very early stages of a mining study, often based on a low level of information. Lack of time and tools to run and analyse a larger number of possible scenarios for different design parameter combinations are usually the main reasons for not performing a full analysis. In addition, the uncertainty of other mining study input parameters creates more risk in decision-making.With advances in technology, it is now possible to automate the process of generating several thousands of scenarios in an affordable and timely manner. This allows performing the results analysis and assessing robustness and reliability criteria within a reasonable time frame. It is possible to generate a surface of results based on the net present value (NPV) for each scenario. This surface will reflect the efficiency level of the capture of the economic rent for each production scale. In addition, each scenario can be tested under diverse conditions of volatility of other external variables such as prices, costs or recoveries for example.This paper aims to establish a methodology that applies robustness criteria to determine the best scenario on several surfaces of value, which is then assessed with real data from a mining project. Obtained results demonstrate the advantages of using the proposed methodology in dealing with the above-mentioned multidimensional problems. It allows better decision-making on key design parameters and better control of the risks of a strategic mine plan.Citation:Poblete, C J, González, M A, Romero, J A, Fuentes, D L and Abdrashitova, O, 2016. Use of Robust Design Methodology for Production Scale Definition in Open Pit Mining, in Proceedings Ninth AusIMM Open Pit Operators' Conference 2016, pp 284–291 (The Australasian Institute of Mining and Metallurgy: Melbourne)."

Nov 15, 2016

By J Heyes, R Getty, M Sanapala

Closure is an inevitable part of the life cycle of every mine. Successful closure outcomes critically depend upon early and ongoing integration of closure planning and mine planning. Early and holistic integration minimises residual risk and maximises opportunity to leave a cost-effective, positive legacy for the company, investors and future land users. Both disciplines are inherently interconnected and aim to maximise ‘value’ via trade-offs. Historically, integration of closure into mine plans has been poorly implemented across the industry. There is still a perception that closure planning only starts as the end of a mine life approaches. This inevitably leads to tension when making business decisions, with progressive closure often being deferred due to short-term drivers and incentives. To create a positive legacy after production has ceased, this tension can be managed by transparently and fully informing business decision-makers, such that the impacts of short-term decisions on long-term closure objectives are understood. BHP recently updated a business-wide standard ‘Our Requirements for Closure and Legacy Management’ designed to strengthen collaboration, education and integration of closure across the entire life cycle of the asset. Concurrently, the ‘Life of Asset’ definition was refined to include the postproduction phase, until closure objectives have been met. This paper discusses the criticality of mine planning integration with closure and how updates to Our Requirements sharpen the focus from transactional to transformational planning. These concepts are applicable to any mining operation aiming to achieve successful closure across the full asset life cycle, from exploration to post-production.

Sep 18, 2023