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By T Y. Dube

In this paper current net present value (NPV) based mine valuation techniques that take into account market and private risk are discussed and analysed. Potential pitfalls that arise from the application of a portfolio, market or commodity based risk metric to a mining project are identified. An alternative non-simulative framework for quantifying and factoring market and private risk in NPV calculations is proposed and then applied to a hypothetical case study in an attempt to overcome identified pitfalls. Mathematical proof that a static discounted cash flow (DCF) calculation can underestimate or overestimate mine NPV is presented, the conditions for each are outlined and the degree of underestimation defined.CITATION:Dube, T Y, 2012. How the use of market-based risk metrics can undervalue good mining projects and overvalue poor ones, in Proceedings Project Evaluation 2012 , pp 29-34 (The Australasian Institute of Mining and Metallurgy: Melbourne).

May 24, 2012

By Brimblecombe P

Morwell Open Cut is a continuous mining operation employing 5 buck- etwheel excavators, I bucket chain excavator and 54 conveyors. The combined bunkering capacity at both client Power Stations represents less than 12 hours maximum coal demand. This creates an extremely dynamic operating environment, which is further complicated with significant variations in both excavating and transportation plant capabilities. To achieve set objectives, including- I adequate reserves, 2 coal supply reliability, 3 cyclic plant maintenance, 4 minimal cost of coal, scheduling of the operation requires constant monitoring and reappraisal.

Jan 1, 1989

By R Rankine

Backfilling with paste fill has been an integral component of open stoping at Cannington since commencement of operations. Efficient paste filling is critical to successful mining of the Cannington orebody. There has been a deliberate and ongoing effort into research and development of paste, with the focus being to optimise the performance and cost of paste. This paper describes the latest research and operational issues of Cannington paste fill.

Jan 1, 2005

By N Ganjian, A Delavar, F Rashidi Nejad

Iran is one of the most seismically active countries in the world, being crossed by several major fault lines that cover at least 90 per cent of the country. As a result, earthquakes in Iran occur often and are destructive. So, it is important to consider the seismic stability and reliability of all structures including tailings dams.In this study, the tailings dam stability of the Sangan Iron Ore Mine in Khorasan Razavi, Iran is considered for the case study. The tailings storage facilities of the mine have three cells with the capacity of 45 million cubic metres. The first cell, which has three stages of dam raising, has been recently brought into operation. This cell has a downstream-raised retaining embankment. As the risk of seismicity in this area is high, seismic response of this dam was evaluated by numerical methods. To do this, appropriate models were developed for materials used in foundation and body of the embankment. Then for seismic stability analysis, Tabas (Iran – 1978) and Chi-Chi (Taiwan – 1999) earthquake acceleration simulations were applied.The results of this study indicated that the upstream portion of Stage 3 of the dam and dam crest did not experience significant horizontal displacements during earthquake period, but the downstream portion of Stage 3 of the dam showed a maximum horizontal displacement of 60 cm at the third stage of dam raising. This is three times more than what was estimated by the designer. Also, the maximum vertical displacement resulting from simulation of the Tabas earthquake was 35 cm. The results of dam response to Tabas and Chi-Chi earthquakes indicate that displacement, shear stress and pore pressure by the Tabas earthquake were higher than the case of Chi-Chi earthquake. The higher energy of Tabas earthquake and the higher frequency near to the natural frequency of Tabas earthquake could be the reasons of this difference. The results of this case study confirm that if the studied tailings dam impacted by an earthquake of a similar magnitude to Tabas, the dam will be seismically stable and the developed strains will not be significant.CITATION:Delavar, A, Rashidi Nejad, F and Ganjian, N, 2015. Seismic stability analysis of Sangan Iron Mine Project tailings dam, in Proceedings Tailings and Mine Waste Management for the 21st Century , pp 173–182 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Jul 27, 2015

By T A. J Hopper, S Mukkisa, M L. Johns, K T. O’Neill

Technological advances the sensor design and performance for logging while drilling (LWD) instrumentation offer considerable opportunities in iron ore exploration. Here we focus on the development of a nuclear magnetic resonance (NMR) LWD tool. NMR is an advanced geotechnical logging technology capable of providing in situ measurements of the porosity, pore size and permeability of the formation of interest. The ability to provide real-time characterisation of iron-ore systems is beneficial to both drilling operations as well as real-time formation evaluation. The development of an NMR LWD tool for mineral exploration drilling has previously not been achieved due to the significant technical and environmental challenges associated with the design and operation of such a tool. The tool outlined in this work is designed to work in reverse-circulation (RC) drilling systems. As such, the tool needs to be compatible with the RC drill-string, as well as being highly robust to survive the shocks and vibrations experienced during RC drilling operations. The magnetic physics of the probe must be capable of measuring at the appropriate depth into formation whilst being subject to the array of motions experienced during drilling operations. Furthermore, conducting accurate NMR measurements in an iron ore formation is challenging and the measurement methodology must be tailored to characterise the magnetic environment. The tool also requires high-powered electronics capable of operating the necessary pulse sequences for excitation and acquisition. The resultant tool design must therefore optimise the inherent trade-offs which exist between the physical components (ie mechanical structure, magnetic components and electronic hardware) in order to operate appropriately whilst not hindering RC drilling operations. Current experimental analysis of the prototype indicates that the current probe design exhibits the required measurement specifications and is nearing field testing. Future work will look towards commercialisation of the instrument.

Nov 8, 2021

By Y K. Ji, B J. Chung

In recent years, the utilisation of ultra-fine ore in ironmaking has gradually increased due to the depletion of high-quality iron ore. The use of ultra-fine ore in the ironmaking process is typically energy intensive and leads to high CO2 emissions. The improvement of sinter reducibility is one of the methods used to reduce the environmental impact of using fine ore.In this study, a high-strength and high-reducibility sinter manufacturing process was investigated by controlling the sintering reaction. The key technology used in this method is the manufacture of mini-pellets by selective granulation equipment. The mini-pellets consist of iron ore, limestone and burnt lime and are designed to melt at temperatures below 1200°C. The molar ratio of CaO to Fe2O3 of the mini-pellets is 0.25~0.75. The 2~5 mm diameter mini-pellets are manufactured with burnt lime as the binding material.During the sintering of mini-pellets, goethite, which has relatively high reducibility, should be retained as residual ore in the sinter cake. The strength of the sinter cake was kept by the bonding reaction of the mini-pellets, which have a low melting temperature. This is the main principle of the reaction-controlled sintering method.The reaction-controlled sintering method manufactures a high-strength and high-reducibility sinter cake and increases sinter productivity by around 15 per cent using ultra-fine iron ore.CITATION:Chung, B J and Ji, Y K, 2015. Production of high-quality sinter by controlling the sintering reaction, in Proceedings Iron Ore 2015, pp 21–28 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Jul 13, 2015

By D Liu, M Edraki, L Berry

The presence of clay minerals slows down the settling rate and mitigates compact consolidation efficiency in tailings dewatering. The increasing use of saline water in many plants, affects the dewatering performance and presents the mining industry with new concerns. Efficient tailings dewatering is a great challenge due to the complexity character of tailings, especially clay mineralogy, clay content, and water chemistry. In this study, existing studies of the effect of different affecting parameters, such as pH, ionic strength and polymer flocculants, on clay aggregation behaviours are reviewed. The settling behaviours of three types of commonly observed clay minerals in tailings, kaolinite, bentonite, and illite, are also investigated in saline water with different water salinity as a case study. The settling rates of clay minerals are found to be affected by water salinity, clay type, clay content and polymer dosage levels. High salinity water hinders the settling of kaolinite but assists the settling of bentonite and illite through formation of different aggregation structures.The current work has indicated that strategies to promote more rapid dewatering could include adjusting flocculant type or level, water salinity and salt balance, and tailings solid content levels. Implementing dewatering strategies may require a more detailed knowledge of the effect of surface chemistry on the nature and strength of the clay inter-particle forces. This study discusses the research gaps on how to better manage clay-rich tailings in saline water and identifies new research directions. The development of a water management model, supported through in-line monitoring data to predict and manipulate of the surface chemistry of the clay component of the tailings could be a new direction to manage the issues associated with clay minerals in the process of dewatering and tailings management. Mine planning (water use requirements, operating costs) could benefit from more detailed studies on dewatering of clay-rich tailings in saline water. CITATION:Liu, D, Edraki, M and Berry, L, 2018. Improving the dewatering efficiency of clay-rich tailings in saline water, in Proceedings Mine Waste and Tailings Stewardship Conference 2018, pp 476–484 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Jul 23, 2018

By R E. McIvor, K M. Bartholomew

Classification system efficiency (CSE) is a simple, powerful metric that provides a comprehensive measure of classification system performance. CSE directly quantifies the amount of coarse solids in the mill, and as a result, also directly quantifies the percentage of mill power being used effectively. In this manner, it is an effective, practical grinding energy efficiency metric.Three independent variables drive CSE: circulating load ratio, sharpness of classification, and classifier bypass. Due to practical downstream constrains on per cent solids, improvements realised by increasing circulating load reach diminishing returns as sharpness of classification and bypass deteriorate in the most commonly used classification device, the hydrocyclone. This combination of effects leads to the use of CSE, and its relationship to operational economics, as an objective circuit optimisation criterion.Its simplicity in measurement makes CSE a useful tool for the plant metallurgist, and it is not subject to a great amount of experimental error. CSE provides the plant operator a fast, simple, and effective means to evaluate the performance of the plant classification system. Improvements in CSE relate directly to circuit throughput and energy efficiency. This paper, through description and plant case studies demonstrates the power and utility of this emerging grinding system optimisation metric.CITATION:Bartholomew, K M and McIvor, R E, 2013. Classification system efficiency - a comprehensive closed-circuit grinding optimisation metric, in Proceedings World Gold 2013 , pp 389-394 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Sep 26, 2013

Discontinuities often have a very detrimental effect on the stability of mine highwall faces. The west wall of the Muja open cut is remarkable for the number and variety of discontinuity sets which occur over a relatively small area. To-date 14 separate structural domains have been identified over an area measuring approximately 560 m by 120 m.The structural domains have been grouped into four structural assemblages on the basis of their angular relationships to each other and to regional folding and faulting. The distribution of these structural assemblages appears to be erratic and no controlling factors have been identified to explain or predict them other than in the most generalised terms.

Jan 1, 1993

The B.R.G.M., through international experience gained over many years, has become very skilled in alluvial prospection, particularly for diamonds. The research laboratories within the B.R.G.M. have also been active in creating new mineral processing equipment,. some of which is directly applicable to such prospection. One such development, the mobile prospection unit, is described and -its application in mineral exploration is demonstrated by a consider- ation of the diamond search in Australia and the general exploration of the Massif Armoricain (France). Because this latter study was fundamental in the development of the concept of "mineral-geochemistry", and its application in mineral exploration, it is also briefly described.

Jan 1, 1980

By Lye GN

Rock mechanics investigations have shown that some major slopes in the Panguna pit would be stable at angles in excess of 500 providing near-surface instability could be controlled. Excavation of final batters at angles between 55¦ and 60¦ is now being carried out using D10 dozers with berms at 45 to 60 m centres. A trial slope with berms at 90 m centres is planned. Shotcreting of weak zones combined with crest reinforcement, with rock anchors and dowels, is used to provide protection against erosion and toppling of the crests. Overall slopes excavated in this way are of the order of 10¦ steeper than slopes obtained by blast and shovel excavation.

Jan 1, 1986

By D Brown, K Markovic, Z Tabor

From ancient times to the modern world, the mining industry has played a pivotal role in shaping the society that we live in today. It remains an integral part of everyday life and is a catalyst for both technological and economic growth. With finite resources on Earth, and growing pressures surrounding climate change and the environment, space mining opportunities have become of increasing interest. Recent discoveries have shown celestial bodies including the Moon and surrounding asteroids, contain an abundance of critical minerals, as well as resources necessary to sustain human life. These discoveries coupled with a transition into the digital and autonomous age, offer an innovative solution to solving some of the mining challenges currently being faced on Earth. Similarly, they also offer a pathway to enabling deep space exploration and off Earth exploratory missions. However, like with mining operations on Earth, space remains and immensely challenging and complex operational environment. The inhospitable nature of space poses new challenges, including communication barriers, lunar dust, cosmic radiation, and gravity. The challenges and risks are not just technological, as Environmental, Social, and Governance (ESG) factors must also be considered to prevent unintended consequences and hazards. Furthermore, future workforce, law, financial, and security systems must evolve to enable space mining to take place. These are all known aspects to begin with, but as the complexity of the space grows it becomes apparent that a holistic approach to assess and manage these factors will be required.

Sep 1, 2024

By K White, C Ferguson, M Harding

Understanding watercourses and river processes at a landscape scale is vital for managing risk to mining infrastructure and operations as well as minimising future environmental impacts beyond the life of the mine. Recognising this, Iluka Resources Limited engaged Alluvium Consulting Australia to identify and characterise watercourses across several neighbouring mineral tenements in the Eucla Basin, South Australia (Alluvium, 2013, 2014a, 2014b). The objective of the studies was to inform planning for risk management during mine planning and operation and appropriate landscape rehabilitation for mine closure.Mining operations in the area are by open cut extraction of mineral sands. The extracted resource is processed on-site before leaving the site for export. Several pits are to be developed in stages with simultaneous backfilling and surface reinstatement. Mining is initially taking place in the Jacinth tenement, where up to 100 km of watercourses may be directly or indirectly impacted (refer to Figure 1).The total study area (shown in Figure 1) is approximately 330 km2 and spans three smaller areas that were the focus of separate investigations during mine planning.CITATION:Ferguson, C, White, K, Harding, M and Hardie, R, 2016. Landscape-scale assessment of watercourses in remote arid South Australia to inform mine planning to mine closure, in Proceedings Life-of-Mine 2016 Conference, pp 200–204 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Jun 28, 2016

By R L. Brathwaite

The rocks of New Zealand can be grouped into three main elements: the Early to Mid Paleozoic Western Province, Late Paleozoic to Early Cretaceous Eastern Province, and several overlying Late Cretaceous to Cenozoic sedimentary basins. The Western and Eastern provinces were formed on or near the margin of Gondwanaland, whereas the Late Cretaceous to Cenozoic sedimentary basins developed after the separation of New Zealand from Gondwanaland in the Late Cretaceous.   The Early to Mid Paleozoic Western Province rocks are exposed in Nelson, Westland and Fiordland and include metamorphosed sandstone, mudstone, limestone, and volcanic rocks, intruded by granite batholiths and maficultramafic igneous complexes. The main associated mineral deposits are gold-quartz lodes hosted by Paleozoic greywacke and argillite. Other type of deposits present include: volcanogenic massive sulphide lead-zinc; vein and greisen tungsten and tin; and magmatic nickel-copper sulphide, platinum group element, and magnetiteilmenite deposits. Granite stocks and batholiths, intruded during the Cretaceous, have associated porphyry molybdenum deposits.   The Late Paleozoic to Early Cretaceous Eastern Province includes the greywacke rocks forming the axial ranges of the North and South islands, and a belt of schists in Marlborough, the Southern Alps and Otago. The schists host many shear-zone related, gold-quartz lodes and, in the Southern Alps, lenses of serpentinite with talcmagnesite and nephrite jade. Volcanogenic massive sulphide copper deposits and volcanogenic manganesechert deposits, occur in both the schist and greywacke, and a belt of Permian age ultramafic rocks (Dun Mountain Ophiolite) has associated copper, chromite and chrysotile asbestos deposits.   The Late Cretaceous to Cenozoic rocks are found in a number of sedimentary basins onshore and offshore of the North and South Islands. Many of these basins developed during the rifting of New Zealand from Gondwanaland in the Late Cretaceous. They contain New Zealand's economic petroleum, coal and limestone deposits. Uplift and erosion of the mountain ranges shed gold into rich placer deposits in the South Island.   From the Miocene, volcanic rocks feature prominently on the eastern South Island (e.g. Banks Peninsula southeast of Christchurch and the Otago Peninsula northeast of Dunedin) and northern North Island (Northland and Hauraki), and volcanism continues today in the Taupo Volcanic Zone. The North Island volcanic rocks have associated epithermal mineralisation, mainly gold and silver, but also copper, lead, zinc, mercury, and antimony, as well as deposits of sulphur, perlite, pumice and zeolite. Porphyry copper style mineralisation is associated with subvolcanic intrusive rocks. Erosion of the volcanic rocks has shed titanomagnetite onto the west coast of the North Island forming significant coastal placer deposits. Similarly, erosion of the Alpine schists in the South Island has resulted in placer ilmenite deposits on the coast of Westland.

Jan 1, 1997

By Plyley WF

Kidston Gold Mine is a 3.5 million tonnes per year operation located 280 kilometres west of Townsville, Queensland. Kidston's ore body consists of 44.3 million tonnes graded at 1.79 grams per tonne gold and 2.22 grams per tonne silver. Full production commenced in March, 1985. During the remainder of 1985, Kidston milled 3.77 million tonnes of ore and produced 213,614 ounces of gold.The ore is comprised of granodiorite, polymictic and volcanic breccias. The degree of oxidation of the rock influences the milling capacity and therefore determines the cut-off grade; ore is categorised as oxide, transition and fresh. The milling rates are 15,400, 12,000 and 9,600 tonnes per day for oxide, transition and fresh ore respectively.The ore is treated in a conventional cyanidation/ carbon-in-pulp plant (CIP). The plant consists of a primary crusher, semi-autogenous grinding (SAG) and ball mills, leach circuit and carbon-in-pulp circuit. Carbon stripping and dore smelting are done on site. The major difference between the Kidston plant and other Australian CIP plants is that a cyclone separation and washing circuit rejects half of the dry tonnage as a sand tail prior to CIP treatment. This difference allows the CIP circuit at Ki.dston to be smaller and makes the CIP less sensitive to the grind circuit product size.

Jan 1, 1986

By E V. Man, O N. Savassi, J-P Franzidis

In flotation, the property that is exploited to effect the separation of a mineral from an ore is referred to as its floatability. Assessment and quantification of ore floatability is of fundamental importance in modelling and simulation of flotation circuits. This paper describes the design, construction and operation of a new laboratory flotation rig that has been developed at the Julius Kruttschnitt Mineral Research Centre (JKMRC) to determine the floatability of different ores on a small-sale. The rig is designed for continuous operation. The major features of the rig are highlighted in this paper. An unique characteristic of the rig is a 9.1 L conditioning vessel. This provides a mixing regime close to plug-flow which avoids complications such as different collector coverages for similarly sized particles (which would considerably increase the complexity of ore floatability determination). The main advantages of this rig when compared to conventional batch flotation cells include better control of the chemical environment and the ability to determine froth recovery, entrainment and water recovery with increased accuracy. Preliminary tests undertaken with a high-grade lead/zinc ore from BHP Cannington are presented demonstrating the good level of reproducibility obtainable in operating the equipment.

Jan 1, 2000

By B P. Voutharoj, R A. Dutch, M Paknezhad, T Ostersen

With the proliferation of new sensor technologies, acquiring multiple data sets over the same ground is becoming cheaper and easier than ever. This new, higher resolution multivariate data provides a significant resource for exploration and resource geologists but comes with the added complexity of effectively integrating the various data sets in useful and meaningful ways to elucidate new geological understanding. Both geophysical data sets and hyperspectral data are extensively used for exploration targeting, providing different information at different resolutions and crustal scales. One of the biggest challenges comes from trying to effectively integrate data sets that record very different physical properties, across the different scales these data are captured at, in a way which can allow for a data-driven analysis of these combined data sets.

Sep 1, 2024

By C M. Standen

The SAG mill at Rasp Mine has undergone a number of liner design modifications since commissioning in 2012, making liner wear and failure difficult to predict from historical data. During 2017, several instances of liner failure or near failure were experienced resulting in unplanned downtime for emergency relines or to patch liners in the lead up to a planned shutdown. The strategy for relining mills is often to minimise the frequency of relines (and subsequent shutdown costs) by extending liner life, achieved through design modifications. However, it was observed that as the Rasp SAG mill liners wear, mill performance declined with power draw increasing and throughput declining. Opportunity and inefficiency costs start to erode the revenue per additional tonne milled for a given set of liners, and in turn the benefit of delaying relines. As such, optimising the frequency of relines becomes a trade-off between reline costs and opportunity/inefficiency costs in delaying relines. The aim of this paper is to demonstrate a frame work for analysing costs using a marginal economic analysis with the assumption that the Law of Diminishing Returns can be applied to the life of mill liners. The SAG mill operating variables can be modelled to determine their impact on costs and an optimal reline point can be defined where the total costs are minimised. This prevents unexpected failures due to accelerated wear by providing justification to reline earlier and thereby allowing efforts to be focused on sustaining milling performance.CITATION:Standen, C M, 2018. An economic approach to optimising mill reline frequency – a case study of SAG mill relines at Rasp mine, in Proceedings 14th AusIMM Mill Operators' Conference 2018, pp 197–206 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Aug 29, 2018

In a country richly endowed in mineral wealth, Climax Arintco Mining Corporation's ICAMC) Dinkidi porphyry Au-Cu deposit in Nueva Vizcaya, Philippines, represents the most significant mineral discovery in this country in recent times. The deposit is located within a belt of young intrusive and volcanic rocks in the Sierra Madre mountain chain of north Luzon, a region previously unassociated with porphyry -style mineralisation.Since 1989, drilling of the Dinkidi deposit has outlined a resource of 124 million tonnes of 1.0 g/t gold and 0.4 per cent copper. Regional exploration throughout CAMC's 37 000 hectare FTAA has identified a further 16 potential porphyry-related deposits.

Jan 1, 1997

I am very grateful to have the honor of delivering this Key- note Speech to all of you here today, to the Chairman Mr Cope- man, and to all the organisers. As you heard, I was mainly involved for a very long time in the purchase of iron and steel raw materials for Nippon Steel Corporation. Today, however, I would like to talk to you about a much wider issue, namely, how the Japanese steel industry is going to change towards the 21st Century, and what will be the main technical innovations and trends behind those changes. I will also mention the effect that the changes are likely to have on the procurement of raw Materials.

Jan 1, 1988