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By J W. Dong, Y M. Li, J L. Tian, Z H. Jiang

Electroslag remelting is widely used to produce various special steels, mainly because of its ability to provide high cleanliness and excellent homogeneity of ingot. Undoubtedly an optimal slag plays a key role in removing inclusions and enhancing the mechanical properties of a specific special steel. In order to improve the metallurgical performance of the slag in electroslag refining of die steel, a variety of slags have already been developed using traditional trial-and-error methods. Nonetheless, these slags may not be inherently optimal for the specific requirements of actual die steel refining processes. In this work, we have designed a CaF2-CaO-Al2O3-SiO2-MgO quinary slag system using genetic algorithms method aiming to remove the existing large size inclusions (D and Ds type) in high quality die steel. The comprehensive effects of five components (CaF2, CaO, Al2O3, SiO2 and MgO) were studied based on existing fundamental theory. The slag composition was screened considering the parameters such as melting point, electrical conductivity, calcium ion concentration, and appropriate viscosity etc. Furthermore, the candidate optimal slag was applied in the industrial production of die steel by electroslag remelting method. The detection results indicate that majority large inclusions (D and Ds type) have been successfully removed, showing significant advantage to traditional slags. This result has demonstrated the genetic method to be efficient and reliable. In addition, depending on the personalised demand of other steel and alloys, this method allows for the adjustment of the screening frameworks and processes to develop the candidate optimal slags. This method has not been reported previously in the field of electroslag composition design, and compared with the traditional trial-and-error method, the new method will save a lot of time and experimental costs.

Jun 19, 2024

By P Duuring

Late-Archean banded iron formation (BIF)-hosted deposits in the Yilgarn Craton of Western Australia are less well understood compared to the larger Paleoproterozoic, Superior-type BIFhosted deposits of the Hamersley Province. The Weld Range greenstone belt, in the Murchison Domain of the Yilgarn Craton, hosts two Archean, high-grade deposits, Madoonga (68 Mt resource at 57.7 wt per cent Fe) and Beebyn (62 Mt resource at 59.6 wt per cent Fe, ASX announcement 2008). Five main types of high-grade (>55 wt per cent Fe) iron mineralisation at Weld Range each display characteristic grades, tonnage, and contaminant levels, which affect exploration strategies and beneficiation methods:1. ‘Residual’ ore formed as a result of two generations of hypogene alteration of BIF. The first alteration phase replaced silica-rich bands with siderite and/or Fe-rich dolomite; the second phase involved the removal of carbonate gangue minerals and the concentration of residual Fe oxide-rich bands in the BIF via volume reduction. The product is a high-grade, high-tonnage Fe orebody, with minor contaminants.2. Magnetite-bearing shear and fault zones cut BIF along lithological contacts. These zones of secondary magnetite formed as a result of the addition of hypogene magnetite via the circulation of Fe-rich, hypogene hydrothermal fluids through BIF. This type of mineralisation produces narrow (low-tonnage), high-grade magnetite-rich ore zones with high levels of contaminants (eg SiO2, Al2O3) due to the difficulty in mining these zones.3. Specular haematite ± quartz-bearing shear and fault zones cut residual orebodies and magnetite bearing structures. They share similar characteristics to magnetite-bearing structures.4. Goethite-haematite supergene ore zones are controlled by brittle faults that cut BIF. These faults promoted the flow of supergene fluids through BIF and resulted in large ore zones with variable Fe grades and contaminants.5. Detrital deposits comprise transported BIF fragments and are intensely goethite-haematite supergene-altered. These orebodies are locally extensive, with moderate Fe grades.

Jul 11, 2011

By C G. Ryan, D R. Cooke

The Thames gold-silver deposits are part of the Hauraki goldfield, situated within the Miocene to Pliocene calc-alkaline Coromandel Volcanic Zone (CVZ). The Waitangi vein system is one of the mineralised ore shoots in the Thames district. The Thames gold deposits are characterised by shallow-level epithermal vein mineralisation with phyllic to advanced argillic alteration assemblages and abundant sulphide minerals including pyrite, arsenopyrite, chalcopyrite, galena and sphalerite. Gold occurs as electrum in association with sulphide minerals. Sulphur isotope analyses of mixed sphalerite-galena and sphalerite-galena-chalcopyrite samples yield a narrow range of δ34 SCDT values (-1.0 to 0.9 ë; n=5), whereas late spongy pyrite gives unusually light sulphur isotope values (-16.7 to -27.9 ë; n=4). Vein quartz from the mineralised zone at Waitangi yields δ18OSMOW values from 6.8 to 12.7 ë (n=23). Fluid inclusion studies indicate a homogenisation temperature range of 190¦ - 296¦C and salinity range of 0.2 - 3.0 wt per cent NaCl equivalent. Similar temperature and salinity ranges have been recorded for the other gold deposits in the Coromandel Peninsula. PIXE (Proton Induced X-ray Emission) analysis revealed that the Waitangi ore fluids have 1090 - 2700 ppm K (average 1600), 145 - 205 ppm Ca (average 180), 80 - 100 ppm Mn (average 90), and 80 - 200 ppm Fe (average 120) but no detectable Cu, Zn, Br, Rb, Sr, Pb and Bi (only one fluid inclusion contains 28 ppm Zn). The sulphur isotopic values of base metal sulphides from Waitangi suggest that the sulphur was derived from a magmatic source (either directly, or by leaching of igneous sulphides). The calculated oxygen isotopic composition of ore fluids is between -2.1 to 3.8 ë at 250¦C and -0.1 - 5.8 ë at 300¦C. Oxygen isotope analyses have revealed significant variations in δ18O values with elevation and gold grades. Zones of gold enrichment coincide with a zone of variable oxygen isotope values at the top of the vein system, where boiling and/or fluid mixing most likely occurred. Mixing of ore fluids with convective ground water is a likely mechanism for gold deposition in a shallow environment for the Waitangi vein system and there is also lack of fluid inclusion evidence (eg liquid-rich and vapour-rich inclusions in the same growth zone) for boiling of ore fluids. Oxygen isotope values varying with gold grades within the Waitangi conduits suggest that δ18O values may be useful in targeting bonanza grade gold mineralisation in epithermal vein systems.

Jan 1, 1999

By Abdalla MH

The deformation resulting from the presence of a tunnel may signifcantly affected, nearby structures and need to be considered during design of both tunnel and structure. The aim of this paper is to study the effect of different factors which may affect the interaction between the tunnel and the str- ucture. These include; the depth of both tunnel and foundation level of the structure ( z and t ), distance between C.L. of tunnel and loads, breadth of the loaded area, Diameter of tunnel and lining of the tunnel. The problem is studied as a two dimensional plane strain model by the boundary element technique. The results of this study indicated that the presence of a cavity/tunnel increases, in general, the vertical displacement on the ground surface and at the foundation level as well as the horizontal and vertical stresses in the cavity/tunnel level. The effect of eccentricity is increasing as e/D decreasing. For pile foundation there is a quite different- influence of the presence of cavity/tunnel in both cases of friction pile and end bearing pile type of foundation.

Jan 1, 1987

By Mortimer RR

The Weipa bauxite mining operation on the west coast of Cape York currently mines lb million tonnes of crude ore per year from the Andoom and Weipa mines. Andoom ore is trucked up to 4 km to a rail load station and hauled 20 km by train to the Beneficiation Plant. Weipa ore is trucked up to 7 km to the Beneficiation Plant. Increasing haul lengths and production requirements have led to a progression of larger two axle rear dump trucks and currently he intrcducticn of 145-tonne, three axle L t Dm dump trucks. bith the introduction of the Andoom a operation in 1972, the decision was made to use a railway system to haul crude ore from Andoom to Weipa. This system has proved to be successful from both an economical and operational view point. Due to the successful combination of a truck and rail haulage operation in Andoom, future :evelopment of orebodies requiring increased haul distances and increased production tonnages will probably result in extension r>f the railway system to compliment the trucking operation from the mine face.

Jan 1, 1978

By Heyer T, Wasmuth H-D

The concentrator plant of Fahrica Mine, that started production in 1977, was using nine Jones wet high intensity magnetic separators (WHIMS) of the standard type DP 317 with a 1.5 mm gap width for the production of pelletfeed concentrate. These WHIMS units were operating in parallel with a feed rate of 110 t per hour, with about 47 per cent Fe in the feed, and with a maximum of only 0.8 per cent magnetite. The field strength was about 1.2 Tesla. From 1986, the mine has adapted its production facilities to mine and concentrate larger amounts of lowgrade itabintes to maximise the use of the available iron ore reserves. An increase of up to three per cent magnetite in the magnetic separator feed, resulted in a reduction of capacity. This was due to partial clogging of the separation boxes at high field intensities, which were required for the recovery of the very fine hematite. Even by lowering the feed rate and the field intensity the problem could not be resolved. After extensive testwork in a pilot plant, with a Jones separator model DI' 90, the commercial WHIMS plant was modified into a two stage process using the existing nine Jones separators. The gap of the first stage with four machines was increased to a width of 3.5 mm, corresponding to a maximum field intensity of 0.7 Tesla. This first 'medium intensity scalping stage' is followed by a second 'real' high intensity WHIMS step with five machines operating at the original settings with 1.5 mm gap width and 1.0 Testa maximum field intensity. Feed rates of up to 320 tons per hour in the first and up to 240 tons per hour in the second stage could be achieved. The design concept of the concentrator at Fabrica mine is described using the old and new flowsheets. Details of the pilot plant testwork as well as actual performance data of the new plant section are presented.

Jan 1, 1993

By L O’Connor, S C. Dominy

"Geometallurgy is an important addition to any evaluation project or mining operation. As a discipline, it seeks to maximise the net present value (NPV) of an orebody while minimising technical and operational risk. It also aims to promote sustainable development and initiatives by ensuring that all stages of extraction are performed in an optimal manner from a technical, environmental and social perspective. To achieve these goals, development of innovative technologies and approaches along the entire commodity value chain are being established (Glass, 2016). Geometallurgy has been shown to increase operational stakeholder collaboration, creating an environment for knowledge sharing and improved data acquisition and interrogation, with the end result being the integration of such data into mine planning and scheduling. All of these aspects create better business optimisation, utilisation of staff and targeted and realistic key performance indicators.The mining industry faces numerous challenges including, but not limited to:declining ore gradesgeometrically and/or internally more complex depositsdeep-seated deposits, with potentially high in situ stress regimesincreasing quantities of mine waste that needs to be managed appropriatelyhigher energy, water and chemical costsprocessing of more challenging and refractory ores – textural complexitiesstricter environmental/permitting conditions – so-called ‘licence to mine’increasing demand for specialist metals (eg rare earth elements, In, Ge, Te, Rh, Se, Ga and Li)commodity market volatilitya difficult funding environment.Given these challenges, geometallurgy provides the opportunity to control or at least manage some of them.CITATION:Dominy, S C and O’Connor, L, 2016. Geometallurgy – Beyond Conception, in Proceedings The Third AusIMM International Geometallurgy Conference (GeoMet) 2016, pp 3–10 (The Australasian Institute of Mining and Metallurgy: Melbourne)."

Jun 15, 2016

By L I. Rozman

"There have always been development projects that fall short of expectations. In the last decade, we have seen more than the usual number of mining and oil/gas development projects taking significantly longer to develop and costing materially more than expected. The recent resource-equity market slump proves that investors are now far more cautious about investing new capital in the mineral and petroleum resources sector.What have we learned since 2005? Why have projects missed their targets? Why do investors often feel misled?Valuation of a project and the estimation of value is a more complex process than the evaluation of the merits of project development. The merit of project development can be clear from a prefeasibility evaluation, but this is no reason to skip the rigour of a feasibility study. The valuation of any project that is developed with any added risk should be discounted for this added risk.The development of a project impacts on other stakeholders, and the indirect cost of these impacts can have material implications for the cost structure, time and ultimate valuation of the project for its financial backers. The development of new projects (and thereby supply) can also have an impact on commodity prices, and therefore an impact on returns for financial backers.This paper will provide commentary on the author’s experiences and observations as a project developer and operator for 25 years, before becoming a project financier a decade ago.CITATION:Rozman, L I, 2016. Project evaluation and valuation – an investor’s golden rule, in Proceedings Project Evaluation 2016, pp 31–36 (The Australasian Institute of Mining and Metallurgy: Melbourne)."

Mar 8, 2016

The Nickel Rim Depth Cu-Ni-PGE deposit, discovered by Falconbridge Limited in 1993, illustrates several trends in exploration in the Sudbury area. Recent discoveries tend to be deep, high grade, footwall hosted, close to or straddle property boundaries and made using a multi-disciplinarian exploration approach that integrates economic considerations with geology, metal geochemistry and geophysics (borehole EM). The Nickel Rim deposit occurs down dip of Inco's Victor Deep deposit (4.2 million tonnes at 2.25 per cent Ni, 7.30 per cent Cu) in the eastern margin of the Sudbury Igneous Complex (SIC) at a depth of 2650 m. Before commencing drilling an economic evaluation was done to determine the minimum size needed to be economic at the expected depths and determine the expected value of an exploration venture. The subsequent surface exploration program discovered a drill indicated, undiluted mineral inventory of 1.6 million tonnes of 1.58 per cent Ni, 10.13 per cent Cu, 4.17g/t Pt and 3.50 g/t Pd including 519 000 tonnes of 4.13 per cent Ni, 25.53 per cent Cu, 9.76 g/t Pt and 8.42 g/t Pd. The deposit is hosted by gneiss, migmatite, gabbro and pseudotachylite (Sudbury Breccia) 100 m below the base of the SIC.

Jan 1, 1996

By D Connelly

High purity alumina (HPA) is a processed, premium non-metallurgical alumina product characterised by its purity level ie 99.99 per cent (4N) or 99.999 per cent (5N). The market price, application, and performance of HPA varies widely according to its degree of purity. High purity alumina is a form of aluminium oxide (Al2O3) with growing use in LED lighting and coating on the ceramic cathode separator sheets in lithium ion batteries. This paper describes a study on producing high purity alumina from feldspar to produce HPA and potash for use as a fertiliser. The project was positive for a number of reasons. High potassium extraction (>99 per cent) was achieved in the alkali leach using sodium hydroxide as the leaching agent and full dissolution of the alkali leach residue was achieved using hydrochloric and sulfuric acid. The potential to produce a high purity alumina product via a complex but promising emerging process was assessed. The potential to extract potassium as potassium sulfate to add value to the project was also demonstrated with the test work.

Sep 1, 2024

By D Kavanagh, C Michaud

"A continuous improvement initiative was identified at Kalgoorlie Consolidated Gold Mine’s (KCGM) Fimiston open pit with the goal of reducing bench turnover time and increasing shovel digability by improving fragmentation around previously mined-out stopes. In the past, a higher number of blasts than normal would be required to get through a single excavation area where stopes were present. This is due to the limited reach capability of the drilling fleet from safe ground into restricted areas requiring the drilling of the shot to be done in a staged manner. In addition, the holes that were able to be drilled in the area did not remain open long enough to be loaded with explosives as a result of the poor ground conditions surrounding the stopes.Over the last 18 months, KCGM has trialled drill additives to improve blasthole stability, as well as introducing a remote drill rig allowing holes to be drilled in areas previously inaccessible by manned drill rigs. This has resulted in improved penetration rates in bad ground conditions, improved drill hole stability, better shovel digability, and an overall reduction in bench turnover of at least ten days on the benchmarked 126 days average per bench. KCGM is now in the final stages of the improvement project with the installation of a drill monitoring system on the fleet to allow live data transfer back to the office for analysis, as well as providing improved accuracy on drill holes in restricted areas.Citation:Michaud, C and Kavanagh, D, 2016. Reducing Bench Turnover Time and Improving Shovel Digability, in Proceedings Ninth AusIMM Open Pit Operators' Conference 2016, pp 19–27 (The Australasian Institute of Mining and Metallurgy: Melbourne)."

Nov 15, 2016

By Revy T

A testwork program aimed to improve the assaying of underground face samples established that for an Accelerated Cyanidation Extraction using the LeachWELLTM 60X catalyst, followed by an Aqua Regia finish (to quantify non-cyanide-extractable gold): ò Assay results (including the aqua regia finish) from a full set of samples from one underground face can be returned within four hours. ò The reagent dose to make the method simple and 'bullet-proof' is 8 gm LeachWELLTM 60X and 20 gm NaCN per 200 gm sample (30 per cent solids). Pulverising is to 90 per cent passing 75 micron (compared to the standard of 90 per cent passing 150 micron), and cyanidation is completed within one hour - however both might be further optimised. ò The LeachWELLTM/Aqua Regia results demonstrate that Fire Assays suffer from a significant nugget effect which makes the Fire Assay data relatively unreliable. ò Original costs, specific to Bannockburn (viz including an Aqua Regia finish), handling approximately 20 000 to 25 000 per annum is estimated to be $5.40, ie about one-third less than fire assaying. Optimising is further reducing these costs. It is estimated that the LeachWELLT"'/Aqua Regia assay procedure has reduced the probable error limits of any given assay of this ore from the range 0.74x to 1.36x for Fire Assay, to an appreciably smaller range of 0.90x to 1.11x. Thus for a cut-off grade of 1.60 g Au/t, samples with Fire Assays ranging up to 2.18 g Au/t have 25 per cent chance of being below cut-off, while samples with Fire Assays as low as 1.18 g Au/t have an equal chance of actually exceeding cut-off grade. This 1 g Au/t range in uncertainty is generally unacceptable for many practicalgrade/tonnage relationships. By contrast, using LeachWELLTM + Aqua Regia assays, the estimated corresponding limits are 1.44 g Au/t and 1.78 g Auk respectively - a far more tolerable 0.34 g Au/t range of uncertainty. Subsequent data has demonstrated that sufficient accuracy for grade control is achieved by Accelerated Cyanidation alone, further halving the cost of assays.

Jan 1, 1994

By A B. Bayooke, A C. Robertson

In terms of underground tunnelling in metres advance per capita, Australasia compares well with the best world performers. This is because of the large number of metalliferous mines, coalmines and civil tunnelling projects, with the Australian tunnel advance for civil and mining projects exceeding 625?km/a. In terms of hard rock quarry extraction, Australia produces approximately 200?Mt/a of aggregates, roadbase, fill material and specialist rock products from its quarries, which equates to approximately 8?t/capita. Australian mining and tunnelling contractors are also of world standard and are used to excavating in a variable range of ground conditions in a competitive environment. One author has been involved in tunnel and underground space planning and quarrying in Australia for the past 25 years and predicts that, over the next 20 years, there will be a major swing towards underground space for commercial uses. This paper identifies the potential uses of underground commercial excavation and the planning and geotechnical challenges for the future. Underground quarrying creates new opportunities to extend existing quarries within their urban footprint with minimum impact on the surrounding community. Investigations by the authors reveal that there are very few cities in the world that actually incorporate underground space planning in their city plans. However, cities such as Helsinki have been planned in detail to utilise the rock resources beneath them. Brisbane is used as a case study for a practical application of commercial underground space and underground quarrying in Australia.CITATION:Bayooke, A B and Robertson, A C, 2014. Geotechnical challenges for underground commercial space and quarrying in Australia, in Proceedings AusRock 2014: Third Australasian Ground Control in Mining Conference , pp 317–322 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Nov 5, 2014

By G Capes, L Morizzi, N Mitkas, E Jones, D Grant

This paper describes the mining setting for the sub-level open stoping (SLOS) mining method used at Olympic Dam (OD), and investigates the range of stope performance conditions encountered over 30 years of production, using a qualitative description of the factors influencing performance. Utilising a continuous improvement tool, the Plan-Do-Check-Act (PDCA) process, and a forward-looking rock mechanics program, the intent is to identify the key factors driving productivity and performance to create a stable and achievable long term mine plan.

Mar 15, 2021

By S M. J Koleini, F Hedjazi

The purpose of this research was to study the calcination of lead-zinc flotation tailings from the Angouran lead and zinc flotation plant in Iran as a pre-concentration step prior to hydrometallurgical processing of the oxidised tailings. There is an abundance of these tailings in the Angouran region and making use of these tailings would help preserve national wealth and also reduce the serious problems of environmental pollution caused by the tailings. At the optimal conditions of calcining at 750 - 800¦C for 45 minutes, the sample showed a mass loss of about 19 per cent. Mineralogical analyses showed that under these conditions the carbonate minerals including smithsonite (ZnCO3), calcite (CaCO3) and dolomite (Ca Mg (CO3)2) decomposed to their respective oxides. Hemimorphite (Zn4Si2O7 (OH)2.H2O) converted into willemite (Zn2SiO4) and this transformation postponed the formation of silica gel in the leach solution. The grade of zinc increased from 22.20 per cent to 29 per cent. These mineralogical changes resulted in desirable reactions in the acid leach process.

Jan 1, 2004

By L Galisson, E Audigé, D Sowers

Establishing a robust geotechnical instrumentation and construction monitoring plan is one of the keys to the successful delivery of the world’s largest soft-ground bored tunnel in Seattle, Washington. The paper describes and provides a return of experience on current and best practice for monitoring tunnelling projects in urban areas. The owner’s contractual approach is discussed to highlight the flexibility of the design-built contract in achieving equal or better solutions by allowing for the use of innovative technics. Special attention is given to the management and involvement of third parties (building owners, utility owners), including the public, to overcome all challenges faced during the installation of the monitoring system in downtown Seattle for over 1000 instruments. Finally, the authors present the strategies implemented for managing the monitoring data and communicating with the owner, contractor and stakeholders.CITATION:Sowers, D, Galisson, L and Audigé, E, 2014. Current and best practice for monitoring tunnelling projects in urban areas – Alaskan Way bored tunnel, Seattle, Washington, in Proceedings 15th Australasian Tunnelling Conference 2014 , pp 441–450 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Sep 17, 2014

By P Sha

"An EXTENDED ABSTRACT is available for download. A full-length paper was not prepared for this presentation. The Elaine Dorothy Cu-Au (REE-U) skarn deposit in the Mt Isa Inlier, Queensland, Australia is characterised by extensive metamorphic calc-silicate hornfels long before hydrothermal skarn and complicated deformation history. The deposit is hosted by the Corella Formation (1780–1740 Ma) and exhibits two phases of skarn formation in the study area – banded fine-grained diopsidic hornfels (Phase 1) and coarse-grain pyroxene skarn (Phase 2). Phase 1 skarn is predeformation and is interpreted to have been caused by the 1743–1734 Ma Burstall Magmatic Suites, whereas the coarse-grained pyroxene skarn (Phase 2 skarn) postdates the deformation and peak metamorphism events. Phase 2 skarn consists of prograde pyroxene, less garnet and titanite, retrograde epidote, REE-allanite, amphibole, biotite, and later sulfides, carbonate, quartz, anhydrite and chlorite. It hosts most of the copper mineralisation, with the REE elements occurring mostly in allanite. Titanite coexisting with allanite and Cu-Fe sulfides in Phase 2 skarn has been dated by laser ablation inductively coupled plasma mass spectrometry (LA-ICP-MS) at 1524 ± 9 Ma (207Pb/206Pb). The ages are similar to Williams-Naraku Batholiths, which outcrop approximately 40 km to the east in the Eastern Fold Belt. In Elaine Dorothy, the isotopic compositions for calcite cluster around 12.2‰ d18O and -3.7‰ d13C. It probably resulted from a mixing processes between marine sourced carbon-oxygen (ca 20‰ d18O and -0.5‰ d13C) and other distinct geochemical reservoirs, eg magmatic C-O. These features indicate that Phase 2 skarn and Cu-Au (REE-U) mineralisation may be related to unexposed intrusions at deeper levels.CITATION:Sha, P, Spandler, C and Chang, Z, 2015. Elaine Dorothy Cu-Au (REE-U) skarn deposit, in Proceedings PACRIM 2015 Congress, pp 445–450 (The Australasian Institute of Mining and Metallurgy: Melbourne)."

Mar 18, 2015

We often read and hear, especially in the United States, that we are running out of critical metals. These are vague forebodings of stagna- tion or winding down of our civilization. Our technological progress has been rapid in the last 50 years and is still advancing at an accelerated rate, and predictions of its long-term impact on consumption and production of metals are more hazardous than ever in the light of the great economic and political shifts that are bound to continue. There are many factors that will have a hardly predictable but profound effect on pro- duction and consumption of metals over a time span of, say, 25 years. Among such factors are recycling, substitution, availability of capital, direct involvement of governments in financing and production, and the capability of producing much lower grade ores at possibly much higher prices relative to costs in the event of scarcity. I must state at the outset that my discussion of this topic does not take into account the role that deep-sea nodules containing copper, nickel, cobalt, and manganese may play, because I don't believe production from these deposits will be of much significance within the 25 year span I will be discussing.

Jan 1, 1978

Offshore petroleum development involves massive capital expenditure and financing demands, with the main participants being large international oil companies and State owned enterprises. Types of project oriented financing include take-or-pay contracts, throughput agreements, and production payment financing. The main project finance credit aspects are revenues, investment budgets and cost over- runs, reservoir, political and other risks and special problems such as weather and corrosion in the North Sea. A variety of documents is required and a mix of equity, export credit and Euro-market financing will typically be included in the financing.

Jan 1, 1983

Atlas Copco Construction and Mining Australia identified a number of issues in regard to the skill levels, labour turnover and productivity of our service technicians. In 1994 we were experiencing a labour turnover rate of 42 per cent per annum amongst our technicians. Exit interviews were held with each individual and one of the major areas of dissatisfaction was the degree of product training provided on our equipment, compared to what is required to be competent across the range of our products. These tradespersons were prepared to accept the reduced remuneration that an OEM offers, for the benefit of comprehensive, professional training that, in theory, could be provided. The truth is that we were achieving approximately 40 per cent of our target for training hours because of the demands of field service, pre-deliveries, etc. So, the summary was the same as the industry was experiencing at that time because of skilled labour shortages, production demands, etc people were employed and thrown in at the deep end. A recipe for failure that will be successful every time.

Jan 1, 1998