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By S Morgan, D J. Bradshaw, S Schwarz

The characterisation of the flotation kinetic response in future mining deposits is important because the flotation response is affected by changes in ore mineralogy. Current methods for characterising the flotation response of different ore types, such as the JK floatability index test (JKFIT) methodology, require at least 10 kg of feed material. In geometallurgical applications, this material is taken from core samples. Core samples are generally obtained using specialised drills and are limited in nature. Thus, it would be beneficial to develop a laboratory technique that required less sample material but still characterised the flotation response of different ore types. The JK mineral separation index (JKMSi) is a small-scale flotation test that requires significantly less feed material (10 g of sample/data point). This study aims to investigate the JKMSi system kinetics and to validate this technique using the JKFIT proven methodology. The JKMSi flotation kinetics were manipulated by varying selected system parameters. The relationship between these parameters and mineral recovery was used to obtain floatability characteristics of the ore. For an ore sample containing chalcopyrite and pyrite, it was found that the chalcopyrite floatability parameters determined from both the JKMSi and JKFIT tests were of the same order of magnitude and the mass fractions of the fast, slow and non-floating components were similar. For pyrite, the floatability parameters were not of the same order of magnitude, but modifications to the test procedure have been identified, which may correct this.CITATION:Morgan, S, Bradshaw, D J and Schwarz, S, 2012. Julius Kruttschnitt Mineral Separation Index - Small-scale test to characterise the flotation response of an ore type, in Proceedings 11th AusIMM Mill OperatorsÆ Conference, pp 159-162 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Oct 29, 2012

Lime and cement manufacturing has a proud history in Otago, with the earliest lime kilns appearing around 1849 at Caversham and Kaikorai in Dunedin . At Dunback or Makareao (to be precise) three well-type kilns were built by the government in 1899. In 1909 these kilns were leased to the then Milburn Lime and Cement Company. They erected a large brick Schmatolla kiln in 1909, elliptical in plan and fired by coal gas. The kiln operated up until 1944 before being left derelict. The quarry which supplied the kiln also supplied the Burnside Cement works from 1929 up until its closure in 1988. The quarry was shifted to the top of the hill in the 1950s.

Jan 1, 1992

By K Baskaran, T McKenzie

Sustainability is becoming increasingly important in the mining and mineral processing industries and must incorporate the associated waste products. Acid mine drainage (AMD) is one such by-product and is one of the most serious environmental problems facing the minerals industry today. The oxidation of sulphidic mine wastes often continues for a substantial period of time after mine closure, resulting in difficult and costly remediation and rehabilitation works. Mining companies are often reluctant to spend increasing amounts of money on waste treatment when the mine life is limited or even finished. Hence a simple, low maintenance and low-cost method of treating AMD is required. Whilst this paper does not address the issue of AMD, it does propose methods for removal of individual species from AMD with potential benefits, including raising AMD pH. A novel concept of using biosolids as a biological adsorbent, or æbiosorbentÆ, of metals from AMD is being investigated at a laboratory/pilot scale level. Biosolids are a by-product resulting from the biological treatment of wastewater, and have been previously shown to adsorb metals from aqueous solutions. This could lead to an environmentally sustainable or ægreenÆ method for treating both AMD discharges and disposing/reusing the biosolids. The result of a laboratory-scale study of the biosorption of Zn(II) is presented in this paper. Physical parameters including reaction kinetics, mixing speed and solution pH were investigated. Solution pH also rose an average of 2 pH units over the 24 hour equilibrium time û a valuable side effect when treating acid mine drainage. The outcome of the study highlights the usefulness of biosolids as a biosorbent for the removal/recovery of metal ions from acid mine drainage. A simple, low-cost treatment technology requiring low maintenance would be beneficial to the mining industry to address some issues relating to AMD and would help integrate environmental and economic considerations into sustainable environmental management.

Jan 1, 2002

By W J. Cowie

Several years of operating experience of over 100 gold recovery operations on the West Coast has provided a database from which the basic operating costs of these types of operations can be characterised. Using figures generated from the averaging of plant operating costs throughout the region and financial modelling using Lotus spreadsheets has been developed to analyse both existing and proposed developments. This type of modelling has several uses: 1. Identification of the impact on profitability of changes in management practices, finance costs, operating costs and revenue streams. 2. Project evaluation and planning. 3. Profitability projections for development financing. 4. Troubleshooting with existing operations. 5. Valuation of existing operations and properties.

Jan 1, 1987

In November 1986 the Australian Minerals and Energy Council (AMEC) endorsed an "Australian Code for Reporting Identified Coal Resources and Reserves" for use by the Federal and all State Governments. Before this endorsement there were six different coal codes in use in Australia. The code is broad in nature to accommodate the wide range of coal deposits in terms of rank, quality and geological environment, that are present in Australia. In the code, Resources refer to all of the coal in situ which may have potential for use and the various categories indicate the level of confidence of the assessment. Reserves are those Resources which are planned to be mined and for which such planning has been undertaken. Only minimum guidelines are set by the code and the onus is on the estimator to state clearly the criteria used in any Assessment.

Jan 1, 1987

By D T. Feinstein, M B. Gotkowitz

In Wisconsin, state laws and regulations governing metallic mine permitting stipulate that protection of groundwater quality be assured indefinitely through all phases of the mining project, including development, active mining, reclamation, and long-term closure. By rule, the Wisconsin Department of Natural Resources (WDNR) requires that permit applicants use a numerical model to assist in the assessment of compliance with this requirement for all proposed mine-waste facilities. As a part of the compliance assessment, model calculations are used to predict groundwater solute concentrations through time at designated boundaries for comparison to current groundwater quality standards. In practice, this modelling requirement has involved the application of numerical solute-transport models. Our review of a solute-transport model submitted by the developers of a proposed mine near Crandon, Wisconsin, provides us with an opportunity to assess the usefulness of transport modelling as a permitting requirement. Recent evaluations of solute-transport models by other workers suggest limitations in predictive accuracy. Our review of the model submitted for this project also identified important limitations due primarily to uncertainty in calibration of model parameters at the undeveloped site. The utility of any model to predict project compliance or non-compliance with numerical standards is limited by the range of uncertainty of key model parameters, such as dispersivity and porosity. Uncertainty in the future behaviour of the solute source(s) also reduces the predictive power. Moreover, the site characterisation provided by the model may have limited power to describe the site condition post-development. Although these inherent shortcomings accompany the use of solute transport models at undeveloped sites, the requirement for model development and the ensuing technical review has substantially assisted in our evaluation of site conditions and project design. Through this process we have identified elements of the waste facility design that are crucial to the environmental viability of the project, resulting in modifications to original project proposals. While results from this model review will be used to evaluate compliance, additional benefits come from the identification of critical design features that enhance groundwater protection.

Jan 1, 2003

The Clyde Power Project, and its Clutha Valley Development forerunner, has taken widespread investigations for various hydroelectric purposes both along the valley floors upstream from Alexandra and on the higher schist terrain. As part of this work the nature and extent of many of the alluvial deposits have been resolved and the ages established with varying precision. Gold values have been approximately appraised in some areas as an element of environmental assessment.

Jan 1, 1992

By H Hoogvliet

The Goondicum Crater industrial minerals deposit is located about 30 km east of Monto, Central Queensland, Australia. Early exploration programs in the 1990s found alluvial ilmenite along the banks of the Burnett River. This mineralisation was traced upstream to the Goondicum Crater. The Goondicum Crater is a topographic feature centred on a roughly circular 6 km diameter layered gabbro complex. Significant ilmenite, apatite, titano-magnetite and feldspar mineralisation are present in a weathered horizon up to 25 m thick. After several drilling campaigns in the Crater and subsequent feasibility studies, the project was developed by Monto Minerals Ltd, an ASX listed company, in 2007. However, the project never achieved production performance expectations and ran out of commissioning funds. The company subsequently went into voluntary administration in August 2008.In 2009, the RMM Capital group, of Brisbane, took control of Monto Resources Pty Ltd, and renamed the company Belridge Enterprises Pty Ltd (Belridge). Belridge commissioned a redevelopment study aimed at recommencing mining and processing operations. As part of the redevelopment study the authors planned a drilling campaign, managed a quality control program and developed a block model. This paper describes the drilling program, analytical procedures, quality control procedures and the preparation of the block model.The block model for the resource estimate was created using 1 m high blocks, wireframes defining the main material types, and 2.5 m thick horizontal search ellipsoids with a radial pattern. The deposit was ‘flattened’ prior to modelling. To assist with the economic evaluation of the project, each block in the model was assigned a net dollar value based on economic parameters provided by Belridge, including anticipated revenues and costs. This modelling technique allowed for efficient investigation of various scenarios and was used extensively in the development and optimisation of the project’s financial model. At a zero net value per block, comparable to a break-even cut-off grade of four per cent ilmenite equivalent, the Indicated plus Measured resource is estimated at 51 Mt, averaging 4.1 per cent ilmenite, 1.9 per cent apatite and 2.5 per cent titano-magnetite.

Oct 5, 2011

By K Aikawa, M Ito, K Mitsuhashi, Y Ebisu, J V. Satur, I Park, N Hiroyoshi, T Suto

Copper concentration using flotation is becoming more difficult, because of an increase in ore complexity accompanied by smaller grain sizes of copper minerals than usual, requiring finer grinding in order to liberate them. Project Arqueros, located at the mid northern part of Chile, is a copper mine project with an orebody consisting of various sulfides such as chalcopyrite, chalcocite, and bornite. Some of the copper minerals in Arqueros show low floatability mainly because of their fine grain size and resulted fine grinding size, and also because of the complex mineralogical composition. For example, chalcopyrite in Arqueros floats less than the other copper sulfide minerals. In this study we carried out some kinetic flotation tests with the Arqueros ore using a laboratory-scale forced air type flotation machine by varying the regrinding size. The products were assayed and mineralogically analysed to compare the minerals in their flotation behaviour with respect to size classes and liberation classes. The results were compared with a model calculation according to bubble size measurement. From the flotation testing and mineralogical analysis, it was found that copper minerals of the same size and liberation class floated at the same rate even with different regrinding size. At the same time the comparison between experiment and calculation showed that the fine particles of less than 5 µm size floated faster in actual than in the model applied. These results suggested that interactions among minerals of different species and of different sizes had positive impacts on the flotation rate of the fine particles. It indicates that this phenomenon can be applied to improve copper recovery in the project.

Aug 24, 2022

Hydraulic mining shovels can be successively used at open-pit mining operation in severe climatic zone with air temperature interval from -700C to +450C typical for some northern region of the world particularly of Russia, Canada and Sweden, if they would be equipped by special preheating facilities for their diesel engine, water, hydraulic oil and lubrication systems. All shovels manufactured by the Komatsu Mining Germany GmbH for operation at ambient air temperatures down to -50¦C have cast and forged structural design elements, bolted connections made of special steel grades, electric cables with special insulation, flexible high-pressure hoses manufactured by ICE-Champion with connectors made of special steel grades.Generally at the temperatures below -25¦C the ordinary machine has to be stopped, the attachment should be placed in the parking position, the generator should be switched on, or the external electrical power supply connected, for the preheating equipment. For rapid start-up in winter after a long shutdown of a hydraulic shovel, there is a procedure for preheating of the main systems. It is applied for the following systems: engine cooling system, engine oil, hydraulic oil, pumps and drive motors of the propel gears, electric cabinets, machinery house, especially near the ventilation inlets and outlets.Start-up of the main drive engine is permitted at a hydraulic oil temperature of -20¦C, when it has a viscosity of 1000 cSt. In this case the rotation speed of the diesel engine crankshaft is lower by two times than the nominal value and this is the most favourable condition of start-up of the engine and hydraulic pumps and motors, which work with half of their rated rotation speed until the hydraulic oil reaches a viscosity from 100 to 10 cSt. After that the hydraulic system and the entire shovel begin to operate under normal conditions.

Dec 6, 2010

It was Harold McMillan, Prime Minister of England 30 years ago, who used the phrase "The Wind of Change" to describe political events in Africa in his day. So well did this phrase capture the spirit of the time that it echoed around the world, and the echo has never stopped. Change is the constant factor in the society in which we live and everyone of us has had experience of the effect which it has had on our professional and personal lives.Change will not stop, it will continue at an increasing rate and the questions we must answer are how do we prepare ourselves to meet the challenge of future change and how do we take advantage of the opportunities which it will bring?It is these questions which I wish to discuss in this address.There is nothing new about change in the mineral industry, it has been happening for thousands of years and it will continue as long as civilisation exists on earth. One type of change is economic and we are all aware of the rises and falls which occur in the prices of metals and minerals (Figure 1). When these have happened in an orderly manner, and could be predicted and planned for, it has been possible to take advantage of the benefits and minimise ill-effects, but when they were sudden and precipitate, and could not be predicted, the consequences were serious. The extreme example, of course, was the oil price shock of the 1970s which had such disastrous effects on industry and society.Other types of change are social, cultural and political. They have all been important in recent years and will continue to be so in the future.But it is technological change which may well be the most important because its effects are profound and irreversible, and alter irrevocably the way in which we live. So in discussing the mineral industry in a changing world I will talk specifically about technological change.

Jan 1, 1989

The Graham Farmer Freeway Project in Perth, Western Australia, is the largest urban infrastructure project ever carried out in the State. At a project cost of over $360 million, it also ranks as one of the largest in Australia and is even large by world class standards. The project provides a much needed east-west freeway bypass around the CBD of Perth, linking the Great Eastern Highway in the east with the Kwinana and Mitchell Freeway system in the west. The Bypass will have 6.5 kilometres of freeway, a major bridge over the Swan River, several pedestrian overpasses and underpasses, dual use paths, interchanges and flyover bridges and a rail tunnel. The whole project is being carried out over a four-year time frame, due to be complete and open to traffic in June 2000. The project has been divided into two stages, with Stage 1 including the 1.63 kilometre long Northbridge Tunnel, the subject of this paper.

Jan 1, 1999

By T Baumgartl, J Burgess, B Emmerton, P D. Erskine

Large-scale open cut mining in the Bowen Basin has been undertaken for over 40 years. During this period, improved mechanical capability and economics have allowed extraction to greater depths, resulting in post-mining landforms of increasing height. Rehabilitation practitioners face significant challenges in stabilising these landforms and require a comprehensive understanding of the Bowen Basin Coal Measures strata likely to be disposed of during mining. Knowledge regarding the potential behaviour of differing spoil materials (following disturbance) provides a rationale to maximise short- to medium-term surface stability of constructed landforms by identification, salvage and advantageous reuse of cladding resources as a means to minimise erosional risks.CITATION:Emmerton, B, Burgess, J, Baumgartl, T and Erskine, P, 2016. Bowen Basin coalmine spoil classification for improved mine rehabilitation outcomes, in Proceedings Life-of-Mine 2016 Conference , pp 142–147 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Jun 28, 2016

By R Klepper

Separation of leach residue suspended solids from pregnant liquor solution is an important step in hydrometallurgy flowsheets. Alternative flowsheet options are counter-current decantation (CCD) thickeners or counter current washing (CCW) horizontal belt vacuum filters. Extensive sedimentation and vacuum filtration simulations have been completed by FLSmidth on leach discharge slurries to indentify equipment capacity and performance. These data were used to compare Capex and Opex for CCD versus CCW alternatives. In addition, Capex and Opex for large horizontal belt vacuum filters with filtration areas greater than 250m2 are compared to current state of the art sizes of 150m2. This paper presents this information and discusses various advantages and disadvantages.

Aug 8, 2011

By S M. C Verryn

Through the application of the Rietveld method, X-ray diffraction analysis has developed into a fully quantitative method for phase analysis of metallurgical products. The Rietveld method itself has progressed from an unstable method that required constant operator intervention to a stable and robust method suited even for routine process control. Knowledge of the crystal structures of the major phases is essential for Rietveld analysis, and these are well known for most minerals and major phases in metallurgical products. It provides the basic structural information necessary for the determination of mineral stoichiometry and for elucidating solid solution behaviour. Modern methods, such as simulated annealing and charge flipping, permits the determination of crystal structures from powder data. Unit cell data can be used where conventional microchemical analysis is unable to provide an answer to the extent of solid solution in ilmenite roasting. Unit cell data (by XRD) is used to determine the amount of roasting necessary for the development of magnetisation to be able to separate chromite from an ilmenite concentrate. Phase quantification is probably the most widely used application of XRD analysis. It is used for materials balance in the minerals and cement industries, and it is finding novel applications in the iron and steel industry. Applications of XRD in high-temperature metallurgical processes are increasing. In this paper the phase chemistry of iron ore sinters, the evaluation of subsolidus reactions in titania slags and the identification of furnace accretions are discussed. Despite the success of the Rietveld method in phase quantification, the method still needs further development in the quantification of closely related or polytypic phases. The quantification of pyrrhotite phases using various Rietveld programs still gives ambiguous results. This is also true for the different SFCA phases in iron ore sinters. Clearly the analysis of similar phases, differing only in the presence of weak superlattice reflections is still problematic.

Jan 1, 2008

By C M. Côte, P Bolz, R Chrystal

The design of final landforms is an integral part of mine closure plans in Queensland and aims to ensure the rehabilitated land is safe, stable and non-polluting. Landform stability in this context is commonly assessed using Landscape Evolutions Models (LEM) which are physical models simulating sediment erosion and deposition around individual landforms over long timespans (up to thousands of years). The most used LEM for assessment of rehabilitated landforms in Queensland is SIBERIA (Willgoose, Bras and Rodriguez-Iturbe, 1991; Tucker and Hancock, 2010). SIBERIA models are complex, require very detailed input data and simulate erosion and deposition over time frames that extend decades beyond closure. They are not suitable to assess erosion risks during the operational phase of a mine and to support the development of erosion and sediment control plans. Other types of erosion models, such as the Revised Universal Soil Loss Equation (RUSLE, Wischmeier and Smith, 1978) or Water Erosion Prediction Project (WEPP, Nearing et al, 1989) calculate soil loss on a monthly or yearly basis and are much better suited to erosion management during the operational phase. They are simpler to implement and can support the design of control measures. For instance, designing a sediment basin requires quantification of sediment loads, which can be produced by these models. In Queensland, the legislation around sediment and erosion control for open cut mines is currently tightening. Soil erosion remains a major concern due to potential impacts on the receiving environment. It requires management during operation and for closure consideration alike and it is critical that erosion and sediment control plans are developed with the most appropriate tools. Globally, RUSLE is the most widely used soil loss model (Borrelli et al, 2021). This is because it is an empirical model with relatively simple input requirements: biophysical data such as soil properties, vegetation cover, topography and rainfall variability, which can be directly measured or derived from regional or national databases and/or spatial data sets that are available in most parts of the world. The second most used model is WEPP (Borrelli et al, 2021) but compared to RUSLE, there is a large drop in the frequency of its use. This is because WEPP is physically-based and has more complex data requirements. WEPP integrates hydrology, hydraulics, erosion mechanics and land cover to predict soil erosion and sediment transport on hill slope profiles and small watersheds (Stolpe, 2005). It requires some biophysical parameters in formats different from those of RUSLE, as well as detailed hydrologic and catchment data. Nevertheless, it has been used in landform design for mines across Australia to determine final landform stability (eg Howard and Roddy, 2012; Costin, 2020). In this study, we assess which tool would be the most appropriate to support development of erosion and sediment control plans from operation to closure. We use RUSLE and WEPP to predict soil loss from a mine site, compare the results from both models and outline the advantages of each method.

Aug 2, 2023

By E Baafi, G Brassington

Coal mining operations can impact on various types of surface infrastructure or natural features, including cliff-lines, steep slopes and natural watercourses. Longwall mining leads to a subsidence depression due to the changing geometry of the mined out area. The current regulatory process for managing subsidence in New South Wales (NSW) involves the preparation of a Subsidence Management Plan (SMP). This paper demonstrates the use of a Weights of Evidence (WofE) technique applied within a Geographical Information Systems (GIS) environment to predict potential areas for rockfalls along cliff-lines in the NSW Southern Coalfield. The WofE is a ædata-drivenÆ method that can be used to predict subsidence impacts prior to mining. The WofE method was applied to ten known rockfalls along the Cataract River to evaluate the reduced impact of not mining within 50 m of cliff-lines along the Nepean River. There is significant reduction of probabilities of rockfall occurrence when mining is avoided within 50 m of cliffs.

Jan 1, 2006

By Reeves I. And Farquhar J, Pearce S

The irregular shape of the Rosebery orebody, coupled with the inconsistencies in grade over short strike lengths, has meant stoping blocks have had to be small to combat dilution and stability problems. In the past, each lens was divided into regular block sizes and developed up to five years before production commenced. There were two major drawbacks to this practice; firstly, existing development deteriorated over time therefore requiring rehabilitation prior to production. Secondly, the pre-determined blocks could not be easily changed to incorporate changes in mining technology or economic circumstances. Bearing these problems in mind, it was evident that any new lens development had to be designed to allow maximum flexibility. The lens being currently developed is J lens. It represents approximately 50 per cent of the current reserves tonnes, and 65 per cent of the zinc metal. Its importance to the mine's future cannot be over emphasised. At its core the lens is up to 25 m thick at grades of over 30 per cent zinc. The practice of dividing the orebody into levels and sublevels, with consequent crowns was no longer acceptable because of restrictions in stope design and potential loss of ore. To assist in the development planning of J lens, a geostatistical block model was applied in long section to graphically represent the lens. Areas of high zinc concentration, as well as zones of uneconomic material were identified by using the model. This has meant that the development could he targeted, enabling stope delineation to occur in the lens without significant ore loss. Because of limited development resources, and the need to bring J lens on-line in the near future, the development strategy has had to focus on 'just-in-time' principles, rather than accessing the whole lens from bottom, and progressing upwards. Tight development schedules have required individual stoping block to be developed on such factors as grade and available tonnes rather than as a vertical sequence.

Jan 1, 1993

The Yanacocha district hosts the largest and most significant acid-sulphate, high-sulphidation deposits in Per· with total production, reserves and resources of over 27 million ounces of gold. Several other smaller high-sulphidation systems are also recognised in the Cajamarca region including La Zanja, Sipßn, Tantahuatay, and San Nicolas. These each have reserves/resources of between 640 000 and 800 000 ounces of gold. Gold deposits in the Yanacocha district are hosted in an extensive volcanic field. Flow domes have intruded precursor pyroclastic rocks and flows that are interpreted as part of an earlier intermediate multi-vent volcanic complex. The larger, contiguous Yanacocha Norte - Sur and Encajon gold deposits are spatially associated with late-stage diatreme breccias. At La Zanja extensive acid-sulphate alteration is associated with the margins of the small San Pedro caldera (6 +4.5 km), nested within the larger, less well-defined La Zanja caldera (19 +24 km). The inner caldera is resurgent with abundant magmatism expressed as several flow dome complexes located on the caldera rim, and shallow level intrusive stocks. Gold mineralisation is associated with a WNW-trending structural corridor that transects the southern margin of the San Pedro caldera. On the eastern side of the La Zanja caldera there are a series of younger andesitic eruptive centres, some associated with acid-sulphate alteration and gold mineralisation. The Sipßn deposit occurs in one such centre with structurally-controlled gold associated with a NE-trending silicified structure developed within a sequence of andesitic tuffs. In conclusion, although a number of high-sulphidation deposits are recognised in northern Per·, their settings and styles of mineralisation are all quite different. Smaller deposits generally have strong and obvious structural controls. In the larger Yanacocha deposits the structural controls are less obvious, and mineralisation is disseminated in porous or strongly fractured and brecciated silica. Erosional levels are probably a significant factor, with disseminated mineralisation at higher levels, and structurally-controlled mineralisation in more deeply eroded deposits.

Jan 1, 1999

By M L. Cramer, N P. Wines

"On 9 February 2014, bushfire embers landing on exposed coal in a disused pit at the Hazelwood mine in Victoria’s Latrobe Valley ignited a coal fire that burned for 45 days. The fire was the largest and longest burning mine fire to occur in the Latrobe Valley (Hazelwood Mine Fire Board of Inquiry, 2016). Two Victorian Government Boards of Inquiry have been held into the Hazelwood mine fire. The most recent, in 2015, included consideration of the regulation and implementation of rehabilitation practice at Hazelwood and the other two brown coalmines of the Latrobe Valley (Loy Yang and Yallourn; Government Gazette, 2015).The 2015 Hazelwood Mine Fire Board of Inquiry commissioned Accent Environmental Pty Ltd (Accent) to undertake a review of the financial mechanisms for mine rehabilitation and closure adopted in Australia and overseas (Accent, 2015). Specifically, Accent was engaged to identify ‘any practical, sustainable, efficient and effective alternative mechanisms to ensure rehabilitation of the mines as required by the [Victorian] Mineral Resources (Sustainable Development) Act 1990’ in accordance with Terms of Reference 10 (c) (Government Gazette, 2015).The review by Accent included consideration of a range of financial instruments such as bank guarantees, trust funds and insurance. It considered a number of financial assurance systems in operation in Australia, New Zealand, the European Union, Canada and the United States. These systems included: full and discount financial assurance systems predefined liability proportion systems pooled fund systems the use of post-closure financial mechanisms such as trust funds (Accent, 2015).What lessons can be learnt from other jurisdictions? Are there financial mechanisms already in place that could allow the Victorian Government and the mine operators to manage the risk of rehabilitation default3, lower rehabilitation liability, attain site rehabilitation objectives and allow eventual site relinquishment?CITATION:Cramer, M L and Wines, N P, 2016. Global lessons for a local problem – rehabilitation bonds and Victoria’s Latrobe Valley coalmines, in Proceedings Life-of-Mine 2016 Conference , pp 24–27 (The Australasian Institute of Mining and Metallurgy: Melbourne)."

Jun 28, 2016