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The basic principles of mineral valuation were recognised and propounded at the beginning of this century and have remained virtually unchanged since then. Valuation is seen as a two part process commencing with a technical examination of the mineral property followed by a manipulation of the results of the technical examination in order to determine the monetary value of the project. A thorough and competent technical examination was seen then and remains now as the essential but not sufficient foundation for reliable valuation. All authors stressed the need to maintain the integrity of the data base and to ensure adequate coverage of all relevant aspects. The monetary valuation process through most of the first half of this century was mainly based on the Hoskold two rate method, derived from the formulae for valuing annuities but modified to provide explicitly for recovery of capital. Though the basic principles of valuation have not changed significantly, the means of implementing the components of the technical examination, the styles of deposits being evaluated and the mechanisms of monetary valuation have changed dramatically. Despite all the technological improvements, however, mineral

Jan 1, 1995

Nearly eighteen months ago Newmont Waihi Operations joined with the local district council and members of the Waihi community in the initiation and running of a community liaison forum.   This forum û the Waihi Community Consultative Committee (WCCC) û was set up with the objective of improving communication, providing a forum for discussion and ultimately working through a range of issues relating to the future of the town and district after the projected closure of Martha Mine in late-2006.   After 18 months of meetings where all represented groups have presented their views, the challenge now is to work together to investigate likely options, seek sources of funding, produce business proposals and plan for the future of Waihi in what we call the Golden Legacy Project.   This paper backgrounds the companyÆs experiences to date, the issues the group has addressed and its proposals for the future. Methods employed to set up an effective community liaison forum are considered, drawing on specific examples from the WCCC. The actions and structures required to ensure effective and ongoing community æbuy inÆ at all levels are also discussed.   This paper develops themes addressed in Taking it to the Streets presented in 2003.

Jan 1, 2004

By Golledge P

Safety legislation has a long history and widespread application, but how can one test its effectiveness? One way is to examine safety statistics. Another way is to compare the legislation with principles of good safety practice. Mine safety legislation contains many features that are widely accepted, and these should be examined critically to determine their importance. Uniform legislation and revision of legislation should be considered. INTRODUCTION

Jan 1, 1975

The occurrence is recorded of an indurated kaolinite claystone associated with red-beds in the Burralow Formation of the Narrabeen Group near Putty toward the north-west of the Sydney Basin. The claystone is similar in composition and structure to the Garie Member which immediately overlies the kaolinite-rich "chocolate shales" of the Bald Hill Claystone in the sofrthern part of the basin. Unlike the Garie Member however, the Putty claystone is lenticular and the associated red-beds contain abundant quartz and illite in addition to kaolinite.The source of the Putty claystone is not known. Possibly it is an extension of the Garie Member to the northwest or alternatively, it may represent fine outwash of detritus that produced the coarse-grained kaolinite claystones in the Triassic succession of the Merrygoen-Binnaway area. Although the material is suitable for the manufacture of aluminous refractories the limited size of the deposit precludes its commercial exploitation.

Jan 1, 1971

Independent assessments of existing and projected mining operations are often required in the exchange of assets and for raising capital, requirements which are particularly prevalent where there are new mining fields, a characteristic of the Pacific Rim area. Such audits and appraisals typically consist of a geological evaluation of the ore deposits; estimates of mineral inventories and mineable reserves; assessment of mine plans and costs; assessment of ore processing methods, recoveries, and costs; assessment of infrastructure and G&A (general and administrative) requirements and costs; assessment of environmental, permitting and reclamation requirements and costs; and, finally, economic evaluation based on various discount rates and metal prices. Audits provide a challenging task for consulting engineering companies, but one well worth the effort for mine developers and those connected with financing of the mining industry.

Jan 1, 1990

Tasker (1985) has detailed the accepted practices for constructing polygonal blocks of influerrce in the estimation of ore reserves. Further he suggests that users might fall into traps such as omission or overlap when determining the area of influence for each sample point.As an example of these types of errors Tasker (1985) describes under "Coverage ofthe Area" how 25 per cent of the exploration area will not be included in an equiangular triangular grid where hexagonal blocks of influence are used.The introductory suggestion of Tasker (1985) of "incorrect procedure" by Rudenno (1983) (and Armstrong (1983)) reiterated around the Figure 2a of Tasker (1985), is based on the brief description of the polygonal area of influence by Rudenno (1983). That description is not too different from that given by King, McMahon and Bujtor (1982).

Jan 1, 1985

By R Valenta, A Littleboy

Geological heterogeneity is one dimension of complexity in mining. Significant effort is put into developing an understanding of this complexity so it can be used in resource estimation, mine planning and economic modelling. However, over the decadal lifespan of a mining venture, many other dimensions add to the complexity of a mining operation. These include: technological evolution, market fluctuations; investor confidence; social norms; local expectations; and ecosystem functionality. As with geology, these factors are all heterogeneous, uncertain, time varying and represented through sparse and incomplete datasets. Recent work (Valenta et al) is beginning to show us how these risks correlate in different global settings. By analysing data relating to known, but as yet undeveloped copper deposits, this work (the complex ore body database) is demonstrating that it is the combination of issues (both price sensitive and non price-sensitive) that determine the viability of a deposit for extraction in the 21st century.CITATION: Littleboy, A, Plint, N and Valenta, R, 2018. Mining as a complex system: do we need a new model?, in Proceedings Complex Orebodies Conference 2018, pp 41–43 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Nov 21, 2018

By Sofoulis I

Recent studies in the Archaean of the Kalgoorlie-Norseman area show that the layered rocks can be subdivided into two main units, both containing basic igneous rocks and sediments. The lower unit is distinguished by the presence of acid volcanic flows and sills. In some areas, clastic sediments become coarser and,pas-s into conglomerates. This passage is accompanied by thinning of the beds. These features and their distribution suggest a basin of subsidence flanked-by areas of shallow-water deposition. -.

Jan 1, 1964

Sixty years after its inception, after an alternation of periods of admiration and rejection by the industry, Sampling Theory can now be seen as going through its golden age. A brief history of its successive transformations and progresses achieved by its author, Pierre Gy, and his followers, reveals the theoretical as well as practical difficulties that had to be vanquished to reach this point. Its current level of acceptance and corresponding trends are discussed and illustrated, with an insight on its increasing real role in the industry and future prospects for its further development.

Jan 1, 2008

By R Valenta

Most developing projects face a range of technical and non-technical challenges, and examination of development histories can potentially provide insights into improved approaches to project development. The Kestanelik project in the Canakkale region of Western Turkey was acquired by Chesser Resources Ltd in 2008. Turkey is a significant and growing source of gold production, with sector participation by both domestic and international companies. While the broad ranges of challenges faced by developing projects is well known, there are relatively few case studies in which the range of technical, environmental, social and governance challenges are presented in a single contribution. Recent studies of undeveloped complex orebodies have particularly shown the extent to which environment, social and governance (ESG) complexities contribute to project delays and failures. The Kestanelik project faced a full range of technical and ESG complexities, and provides an illustrative example of the associated challenges. CITATION: Valenta, R, 2018. A case study of technical, social and environmental challenges for a gold project development in Western Turkey, in Proceedings Complex Orebodies Conference 2018, pp 73–74 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Nov 21, 2018

This paper mainly studies the creation and optimisation of a doublesymbol random engineering network, by means of developing a set of engineering network project dynamic decisions and an optimisation sustaining system, which can realise engineering network dynamic workout and optimisation. It can provide a good decision for engineers and managers to supervise and manage the construction development and to ensure completion of the construction on time.

Jan 1, 2003

As the awareness and concerns on subsidence issues increase, there are clear, challenging and credible community expectations for responsible mining, public safety, optimal resource recovery and effective land use and environmental management, coinciding with a changing and strengthening regulatory environment being implemented by the NSW Government. This paper discusses a number of areas where cultural changes in the mining industry will assist with improved subsidence management to meet the enhanced standard.

Jan 1, 2003

This paper presents the descriptions of a final year geological engineering project at the Royal Melbourne Institute of Technology involving the correlation of borehole and mapped ground conditions and their statistical Analysis.

Jan 1, 1994

Industry and Government is littered with computer systems which suffered massive cost overruns in their production and which do not fully meet the expectations and needs of their users. There are many in the computing business who caution that cost overruns of 100% are to be expected and who counsel seriously against accepting an implementation date as being realistic. System development methodologies and "Spectrum" is an example, have been designed to control systems development so the cost and time overruns are prevented. While some success has been claimed, our experience and information from other users indicates that this control is illusory, the first estimates of cost and time are inflated by the control system methodology, and the methodology itself can bury the original system.

Jan 1, 1983

Metal smelting is seeing a continual increase in intensity and throughput in recent years. This is done with increasing demand for cost/capital efficiency, higher recovery, and managed environmental impact, among other things. With the development of more intense smelting processes, the issues of refractory wear, mixing and separation of reacting phases and the nature of the reactions between them become more prominent. Understanding of interfacial phenomena is in growing need, in addition to knowledge of the bulk properties of equilibrium and transportation. The GKW CRC has a suite of projects aimed at developing various techniques and expertise to provide information of interfaces in metallurgical systems. This article illustrates some recent development in this area, particularly in studies of melt/refractory contacts, the determination of surface and interfacial tension of metal/slag/matte melts, modelling slag-metal mixing and studies of kinetics of the smelting reactions.

Jan 1, 2000

By V S. Svinin, V V. Rybin, V A. Maltsev

In large-scale mining, large-sized intermediate pillars, or block-pillars, are generated on the horizon or between closely located mines. These pillars are mined under high rock pressure that results from the stress concentration zones superposition from closely located working excavations. This problem becomes much more complicated if high tectonic stresses occur in the rock mass inducing a rock-burst risk situation. Mining experience gained in mining seven block-pillars at three Khibiny mines in Russia under the geomechanical situation like that described aboveÆ is discussed in detail. It has been shown how safe mine of block-pillars depends on their width, location relative to significant geological failures and uncaved rocks of the hanging wall, the order of pillar recovery, and application of special measures for rock mass stress relieving. Basing on the analysis of the mining experience and special scientific researches, the basic principles are worked-out for safe block-pillar mining under rock-burst prone conditions.

Jan 1, 2000

Economic evaluations of mineral projects are based on discounted cash flow analyses, followed by sensitivity and risk analyses. However, the global macroeconomic and political environment in which the mineral industries operate have a profound effect on the viability of individual projects. Since the oil crises of 1974 and 1980, demand patterns for minerals have become much more variable and prices more volatile. Significant changes in the geographical distribution of world mineral supply and demand are underway, and the mix of minerals used is also changing. Social and political factors are as important as economic and technical factors in determining the viability of mineral ventures. Economic evaluation of mineral projects have to be undertaken in a more uncertain and risky environment. They can no longer be reduced to a number crunching exercise.

Jan 1, 1987

By Riley TW

This paper describes a Process Simulation Package for modelling the steady-state operation of a mineral processing plant. There are two levels of input allowed into the package. The first allows simple manipulation of the process models within a defined modular format which enables a wide range of process systems to be simulated. "The second level of input is via a Command file which allows plant models to be defined and changed without reference to the code or the requirement of any recompiling of the programme sources. The Command file interface was designed for use by metallurgists and assumes a sound knowledge of the system being modelled. As such it is an effective tool for metallurgists rather than a user friendly generalised package for the layman.

Jan 1, 1985

Computer modelling is being used to simulate rock fracture, caving and stress redistribution about longwall panels with increasing confidence. The models are being assessed against field monitoring and have significantly increased the understanding of caving mechanics within the overburden. This paper discusses the modelling approach and provides some examples of its application to overburden damage and induced hydraulic conductivity. Computer models used in this study simulate the fracture process in the geological units throughout the overburden. Analysis of the mining induced fracture patterns and in situ joint patterns allows an estimation of the hydraulic conductivity within the overburden. The cubic flow relationship has been used in the examples presented.

Jan 1, 2005

Wrenching between basement blocks is considered to be the mechanism whereby a well developed set of en echelon folds and an associated fracture system are developed in the Fitzroy Depression, Western Australia. The regular geometry of these structures accords with a right lateral regional coupling between high-standing, basement blocks bounding a trough filled with a thick pile of stratified Phanerozoic sediments. The structures developed during or after the Mesozoic Era, but the couple is inferred to have been applied to blocks outlined by old lineaments, which may reflect strains or ruptures in basement that developed during the Precambrian, and which were regenerated during Palaeozoic and Mesozoic time.

Jan 1, 1967