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The classic description of Project Finance as "the reliance by lenders on the cashflow of a project, supported by the assets of the project with no recourse to the project sponsor's corporate balance sheet" has, like most other terms in the finance industry, evolved through recent usage. The area now under most scrutiny is the sharing of risks between parties either most able to take them or prepared to accept payment for them. Creativity in, and flexibility of financing structures have enabled project lending to continue under a dramatically different economic outlook. The diminishing competitiveness of the Australian producers in a global market place of uncertain commodity prices has discouraged the advancement of many large scale resource projects. The majority of new project financings has been designed to assist the relatively small company promote and develop its first projects. New trends- are emerging in four areas: sources of capital; borrowing structure; financing instruments (securitisation); and risk underpinning. As project financing becomes more widely used, the range of interested financiers grows. New initiatives contribute to its development and evolution with a view to increase effectiveness to the sponsor of any new venture.

Jan 1, 1987

Engineering availability of the 120/200 tonne Wabco haulpak fleet at Mt. Whaleback was in the mid fifties and unstable. The project to achieve a reliable 66% during 1980 highlighted "plannable" maintenance, short cycle scheduling, condition monitoring, backlog control, and, above all, the importance of involving all affected people. It is not sufficient for consultants to design systems and make them work. The people who use the system must understand it, support it and "own" it. In this way, they will develop it and improve results after the outside help has been withdrawn INTRODUCTION In early 1979, PA proposed a programme to improve engineering availability of the Mt. Newman Mining fleet of 70 Wabco haulpak trucks of which 53 were 120 tonne and 17 were 200 tonne units. (Subsequently five 200 tonne trucks from Hamersley Iron were added to the fleet). The ore truck workshop was also responsible for 75 tonne trucks used as water trucks and general purpose vehicles. The need for action was clear. The fleet was achieving availability in the "mid fifties" with wide variations indicating that the fleet was becoming unreliable. Projected tonnages required a reliable 66% availability to be

Jan 1, 1982

Does coal mining get enough out of its people?. In a number of cases, Yes. Several companies have rethought their management systems and accordingly are improving their utilisation of people to improve productivity. For some, capital and technology are the panacea for improved productivity and lower costs. Computerised mine planning, improved beneficiation processes, heftier longwall equipment, bigger trucks and shovels and upgraded coal clearance systems are expected to provide the answers.Whilst these factors are important they only contribute to part of the productive potential of a mining operation. Production flexibility provided by recent Industry award changes has brought about increases in total output. However, these improvements have not been matched by corresponding decreases in the unit cost of production.

Jan 1, 1991

To reduce the corrosion of a stainless steel crystallizer, caused by accumulation of chloride impurity in the liquor during the crystallization of ammonium sulphate, a strongly basic anion exchange resin in the sulphate form may be used to remove the chloride from the liquor. The spent resin may be regenerated with dilute ammonium sulphate.The ions involved are sorbed by the resin in the order Equation 1. The sorption of chloride from the liquor and the regeneration of the resin depend upon the effect of concentration on the formation of the the ion pair NH6SO4. The sulphate ion dominates sorption from dilute solution of ammonium sulphate containing minor amounts of choride; choride ion dominates sorption from concentrated solution.

Jan 1, 1976

By L Strezov, J Herbertson

Conversion of industrial waste materials to valuable resources would essentially take part in an ecologically sustainable future. There are still large amounts of undervalued biomass wastes generated from a diverse range of industries that are disposed in landfields. They have potential to produce valuable materials and fuels, such as charcoal, bio-oils and bio-gas through thermal upgrading. In order to enhance the efficiency of the thermal upgrading process, comprehensive characterisation of the raw biomass materials is essential. We have developed a novel thermal characterisation method that utilises computer aided thermal analysis incorporated with a gas analyser. The method was applied on two biomass materials, wood sawdust and bagasse. The paper discusses the results obtained with the novel thermal characterisation technique.

Jan 1, 2006

The determinants of human behaviour are numerous and complex. Many scientific disci- plines focus on various processes which play some part in shaping the actions of individ- uals and groups. Behavioural science attempts to synthesise data produced by these investigations in an attempt to formulate principles by which people's thoughts, feelings and actions may be described, diagnosed, predicted and changed. While no comprehensive account of people and their reactions can be attempted in a brief paper a review of six principles does provide a framework within which managers can establish reliable knowledge applicable to all their subordinates and to themselves. This information may be used to arrange organizational environments and management practices which enable people to discover, release and increase their best intellectual, emotional and motivational capacities.

Jan 1, 1982

The energy input requirement to produce the molten slag associated with iron production to the modern Australian blast furnace, is estimated to be 2.OMJ/kg. In converting blast furnace slag to products of higher commercial value, advantage should be taken of this energy content by transporting molten slag from the furnace for beneficiation and processing in the molten state at an "off furnace site". The refined slag melt may then be converted into a variety of products for use in the building and construction industries, e.g. slag cement, slag sand and slag aggregates, insulation wool and various slag ceramic products. Some results of studies into slag melt beneficiation and conversion processes involving both molten and cold granular slag raw material, are presented.

Jan 1, 1979

The attachment of a spherical particle to a bubble is theoretically investigated under the condition of a mixed sorption coating of a collector. It is shown that the attachment is determined primarily by the hydrodynamic factor involving the displacement of liquid from the gap between a bubble and a particle. The dependence of the attachment on the state of the surface of particle (sorption coating) is due to a change in the boundary conditions on the interface with water both in the case of surfactant chemical sorption and in that of the physical adsorption of oil. It is demonstrated that at large distances the thinning of a interlayer is facilitated by a physically sorbed collector, while near the bubble this is done by a chemically sorbed one.

Jan 1, 1993

The necessity for agreed project outcomes, which are in accordance with client needs, and the subsequent requirement for a unique approach to managing project implementation is discussed. Reasons for appointing a separate project team to manage a project are established. The selection of a project manager, based on the services they can provide and on their characteristics, skills and management style, is discussed. The consequences of selecting the wrong project manager are explored. A broad overview of the requirements for the project team is provided. Criteria for the selection of team members, and the role played by the project manager in this selection, are discussed. The levers that drive `on-time and on-budget' projects are discussed in terms of the project's vision, goals, controls, and incentives.

Jan 1, 1997

By Bekturganov NS, Satayev I

The paper deals with the effect of sodium polysulphides in chrysocolla flotation. Activity of elementary sulphur adsorption on the mineral surface is discussed. The mechanism of polysulphide action in the process of sulphidisation and formation of sulphur on the mineral surface is proposed. Sodium pentasulphide is shown to be the most effective modifier of chrysocolla flotation.

Jan 1, 1993

By J M. Wang, Q M. Hao

A mathematical model is set up to solve the problem of optimal design of the production scheduling on exacting open pit mine. At the same time, the establishment of model in operation condition and its solution are considered completely. It gives not only algorithm of optimal design but also strict mathematical argumentation in the process of optimal design.

Jan 1, 2003

By W Mackinnon

Coal mining operations require the expenditure of appreciable start up and working capital in order to produce saleable coal for domestic or export markets. The competitive nature of the coal business restricts margins, and so it is imperative that downside risks, in terms of production outcomes, are minimised. The major risks identified for a coal mining operation, aside from sales volumes and coal price, are generally thought to be confined to the geology of the deposit and the mining process. However, the impact of product quality and yield can be very significant. If product coal is inferior to projections, then it will need to be sold at a discounted price and this can dramatically impact on margins. Equally, if yield is five to ten per cent less than planned, then this will have a huge effect on profitability. This paper will look at issues relating to in situ moisture and density, resource quality evaluation, modelling of washability and dilution, and simulation techniques, and how best practice approaches can be incorporated into mine planning and feasibility studies. Risks are best modelled and understood by adopting a detailed approach that is fully documented and auditable. This is particularly needed for multi-seam and multi-product operations. Once a well defined systematic approach is established the potential risks can be evaluated by testing different scenarios, carrying out sensitivity analyses, variability modelling and examining extreme operating conditions. These have been discussed in the paper, along with some related issues such as the cost of quick fixes and the value of spending a little more in the coal preparation area.

Jan 1, 2003

By C McMahon, S G. Walters

Mineral maps of æintactÆ and large particle textures have been produced routinely from optical microscope images. Polished thin sections of large particles (1 - 3 mm) provide a balance between representative sampling and the preservation of primary rock textures. Optical microscopy is an efficient way to generate mineral maps suitable for geometallurgical applications. The automated optical mineral identification was carried out using a Leica DM6000¬ microscope with a high precision stage suitable for direct tiling of image frames and good registration of multiple image layers. Standard images collected were 10 x 10 frames (20 mm x 16 mm). Four image layers were recorded: ætransmitted light plane polarisedÆ, ætransmitted light crossed polarsÆ, ætransmitted light crossed polars with 1l tint plateÆ and æreflected lightÆ. All image analysis was carried out using Definiens Professional V5¬. The four image bands were read directly in 12 greyscale bands. A segmentation algorithm produced objects based on homogeneity across all bands. These objects were then classified using a complex set of rules (Process Tree) that are based on image brightness in all 12 bands. Opaque and non-opaque minerals were classified in the same sample. Using this protocol up to 12 minerals can be satisfactorily classified in one sample. The opaque minerals were recognised using colour ratio and reflectance intensity in the reflected light image. Non-opaque minerals are more difficult because of the complex variable colours of many minerals and the complexity of interference colours. However, object-oriented classification using three transmitted light image layers and multiple rules is a powerful technique for recognition of these minerals.

Jan 1, 2008

Evidence for Middle-Late Triassic large-scale, silicic volcanism characteristic of extensional continental terranes is widespread in the Tasman Orogenic Zone in Eastern Australia. Detailed study of an area of south-east Queensland has defined the eroded remnants of a large collapse caldera and an associated area of rhyolite dome building and regional downsag which may be a second caldera (Stephens, 1986). The silicic volcanics and minor basaltic to andesitic products have been assigned to the Aranbanga Volcanic Group (Cranfield, in prep.) and the associated granite complex has been named the Mungore Complex (Ellis, 1968). Published isotopic age dates on the Mungore Complex are 212-219 m.y. (K-Ar Biotite; Ellis, 1968) and 226 m.y. (pooled Rb-Sr on several similar plutons in the region; Webb and McDougall, 1967). Basalts within the area have been dated at 219 m.y. (GSQ Annual Rpt., 1986). The collapse caldera (Mungore Caldera) lies on the intersection of 4 major structural features: 1) the Mt. Perry Lineament, a meridional fault zone extending for over 600 kilometres in a NNW-SSE direction and which has faulted the eastern part of the caldera 5 kilometres sinistrally. The lineament has been active at least from mid-Permian to Late Triassic and has localised activity into the Tertiary. Granite plutons of the same age as'the Mungore Complex- are topographically prominent and largely concentrated east of the Mt. Perry Lineament and its extensions (Nash, 1986); 2) the extension of the Darling River Lineament, a continental-scale, ENE trending feature which correlates with regional structural discontinuities but which lacks expression as faults within the Tasman Orogenic Zone;

Jan 1, 1987

The management of safety has undergone a number of radical changes in the past 100 years. The most important paradigm shifts occurred through the work of Heinrich, followed by the advent of the safety systems era and, more recently, the behavioural safety approaches that have become increasingly popular around the world. Each of these æapproachesÆ to safety has left an indelible mark on the way we target safety improvements, helping decide which interventions are deployed and how they will be measured. They have also resulted in a number of æmythsÆ about safety management, each of which will be discussed, analysed and challenged in this paper. This paper highlights the complex problem of æcomplacencyÆ, that has arisen out of the increased levels of regulation and consequent perceived protection that workers enjoy in the work place. It also looks at a phenomenon called æaccident migrationÆ which results from a superficial treatment of accidents with changes to rules and procedures. The most recent approach to safety is generally known as behaviour-based safety, which flowed from the human sciences and quality management era. This approach has had a dramatic impact on the way safety is managed around the world, but still falls short in a number of key aspects, most notably the area of risk awareness and risk understanding. Many workplace accidents occur simply because the risk is unidentified, underestimated, not understood or ignored. This paper proposes a new direction for safety, called competency-based safety. It is based on cognitive psychology aimed at combating the consequence of modern protection. A case study is presented detailing the deployment of this approach throughout Placer Dome.

Jan 1, 2005

By S Vink, V Nanjappa, C J. Moran

Poor quality water resulting from interaction of surface run-off with saline mine spoil and soils can cause significant problems for water reuse on mine sites. Not only can this saline water lead to machine corrosion and increased maintenance costs, but may cause detrimental effects on the environment. Determining the geochemistry of mine spoil, and the likelihood of salt dissolution during rainfall events, may aid in more effective mine site management of water. Spoil samples were taken from three areas of the German Creek mine site, situated in the Bowen Basin coalfield, Queensland. Samples from two undisturbed areas on the lease were also collected for comparison. Analyses were performed using a variety of laboratory techniques: leaching tests, effective cation exchange capacity determination, X-ray diffraction, clay quantification, and total organic content determination. Results show that dissolution of surface (top 2 cm) salt minerals from spoil areas is an important contributor to surface run-off salinity during rainfall events. Equally, ion exchange with clay minerals appears to be a significant source of elevated ion concentrations in run-off waters. Findings from the undisturbed areas show undetectable quantities of salt mineral species, resulting in waters with low ion concentrations. More generally, monovalent cations (sodium, and to a lesser extent potassium) appear to be derived from dissolution of salt precipitated whereas divalent cations (calcium, magnesium) are more likely to be sourced from exchange reactions with clay minerals. Incorporating knowledge about the mechanism of cation mobilisation from spoil with the spatial distribution of spoil properties and understanding of the dynamics of water quality variations on the site will aid in development of integrated water quantity and quality management strategies.

Jan 1, 2009

By C Hertle

GHD-Black & Veatch (GHD-BV) have completed design and specification of the ash thickening plant at Tarong Power Station, including operation of a pilot plant. Construction of the plant is in progress and commissioning is planned for early-2004. The objective of the new plant is to convert the low concentration (lean phase) ash slurry currently generated by the power station into concentrated slurry which will then be pumped to the existing ash dam. Water recovered from the lean slurry will be returned to the power station for reuse. The drivers behind this project are to extend the life of the ash dam and to reduce water pumping costs. A maximum flow of 1000 litres per second is expected in the thickening plant. The process involves a screening phase, which removes large material that could cause blockages or equipment damage. A 50 metre diameter thickener then concentrates the screened lean ash slurry to 55 - 60 per cent w/w solids. In addition, the thickener plant will allow the harvesting of floating cenospheres (hollow, spherical ash particles) from the lean slurry. Cenospheres are currently collected from the surface of the ash dam and drained on a pad adjacent to the dam. The new system will use a surface skimmer to remove the cenospheres from the thickener and transfer them to settling ponds for further classification. The settling ponds simulate the detention on the existing ash dam, and allow entrained fine ash and slow settling cenospheres time to settle. As settling occurs in ponds, the slow settling cenospheres can be completely recovered whereas when they settle in the dam, the opportunity for recovery is lost. Cenospheres are a valuable by-product produced during the combustion process, and recycling of this material reduces the waste generated by the power station. Water recovered from the thickener drains to a three megalitre reservoir. Water is drawn from the reservoir for thickener plant service water and various other uses in the power station. The bulk of the water is used to sluice ash from the power station to the thickening plant. In the current configuration, surface water from the ash dam is reused but must be pumped several kilometres back up to the power station. The dam also holds an inventory of several thousand megalitres of water and has significant evaporative losses. Therefore the current raw water make up demand is substantial. In addition, some areas of the power station traditionally using raw water will be modified as part of this project to allow the use of recovered water, further reducing the raw water demand. The design incorporates many features of sustainable water management. By more effectively recovering water from the lean ash slurry, the amount of raw water make up required by the system will be significantly reduced. This method of water recovery provides a more sustainable and energy efficient ash-transport mechanism.

Jan 1, 2003

This session comprises six papers: One paper is specifically on advances in drilling techniques, a paper presents a classification for water inrush rich with corresponding guidelines for protection, two papers are concerned with mining impacts in integrated catchment management - one from the quality viewpoint and the other from the quality viewpoint, and the final two papers are case studies of mine dewatering - one for an underground mine threatened by a karst limestone aquifer and the other of an open-cut mine threatened by interbedded sand aquifers. The paper entitled, Practical mine dewatering by means of surface drilled wells by Sides is innovative in presenting the case for wells as cost effective and appropriate for a number of purposes including exploration, re-opening old mines, dewatering, grout emplacement and monitoring.

Jan 1, 1988

Sasol Roche Blasting Services (SRBS) and its former owners have been in the process of developing and utilising low-density explosives over the last ten years. Many blasts have been fired in varying strata types in a number of mining operations. This has led to a good understanding of the product and the best methods to exploit its characteristics when designing blasts. Unlike some other low-density products, SoftLOAD« is a homogeneous mix that is easily handled and able to be loaded at high load rates. This paper discusses the physics of SoftLOAD« low-density explosives and how through correct utilisation, blasting outcomes can be significantly improved. It also touches on the various side benefits that can provide the blast designer with a more controlled blast.

Jan 1, 2004

By M Maslowski, J B. Gemmell, D R. Cooke, C Zesati, J Castorena

The Palmarejo, Guadalupe and La Patria Silver-Gold epithermal vein deposits occur in south-westernChihuahua state, Mexico. The veins are hosted in a volcano-sedimentary sequence that comprises andesitic to basaltic resedimented volcaniclastic rocks, together with less abundant coherent and pyroclastic facies and minor red-beds. The host sequence is part of the Lower Volcanic Series, and formed in a magmatic arc environment during the Late Cretaceous to Early Tertiary Laramide Orogeny. The Lower Volcanic Series is overlain unconformably by an extensive sequence of Miocene rhyolitic ignimbrites, known as the Upper Volcanic Series. At this time, it is uncertain whether epithermal mineralisation was related to andesitic intrusions (85 Ma) and/or Oligocene rhyolitic dykes (25 Ma). An EXTENDED ABSTRACT is available for download. A full-length paper was not prepared for this presentation.

Jan 1, 2008