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Most mining projects will involve some level of financial markets price risk. This is because commodities are generally traded in $US. The project will also incur costs in $A and if based in Australia will seek to generate a return in Australian dollars. Therefore the project faces commodity, foreign exchange and interest rates risk. As a business you may wish to maintain these risks within your business. However if the project requires financing to be provided then the financiers will want to ensure that there is a level of certainty attached to the cash flows to support the debt repayments. This is achieved by hedging the financial market risks. Traditionally the hedging process has been based on underlying assumptions within project models, which incorporate views on the direction of the underlying price risk. These views can be formed in an ad hoc manner. Gathering information from a variety of sources including economic forecasting and modelling, technical analysis, seeking market expert views. However, given the historical accuracy of such forecasts locking into long-term fixed hedging arrangements can create an inflexible environment that can restrict the opportunity to benefit from the underlying volatility of financial markets.

Jan 1, 2003

The Lennard Shelf Operations owned by Western Metals Ltd evolved from the Cadjebut Zinc Lead Mine (BHP) in August 1994. Original production of 0.5 mtpa will rise to 2.0 mtpa at the end of 1998. Employees work a multiple of fly-in/fly-out (FIFO) rosters from the Kimberley region and the WA Capital. The three underground mines, treatment and services departments will employ approximately 300 people by the end of 1998. The expansion of the Lennard Shelf Operations as a remote mining location was based on a fresh look at management systems and employee rosters which were generated from many years of mining experience. This paper will endeavour to summarise these experiences and analyse some of their outcomes. Dealing with several mining methods, engineering difficulties, logistical problems and climate extremes, the Lennard Shelf Operations has managed social/employee issues with excellent results. Much time has been spent to get this correct for the Lennard ShelfÆs own set of circumstances. Employees and associated companies must expect continuing changes and improvement as Western Metals strives to continually improve its management systems and employee rosters.

Jan 1, 1998

By Q-c Li, G-l Gao

Cyanided tailings produced by gold processing operations may cause environmental problems, because they contain pollutants such as arsenic, sulfur and cyanide compounds. Moreover, tailings containing economic metals such as Au, Ag, Cu, Pb and Zn, are potentially valuable resources. In this article, cyanided tailings are catalytically oxidised by nitric acid in the presence of air or oxygen. The resulting solids may be leached to recover Au and Ag. The solution can be used to prepare ferric sulfate or iron pigment. Gases released in the reactions were recycled and reused by oxidation and absorption. All of these greatly improve metal recovery and the reuse prospects of cyanided tailings. Under the following conditions where the initial temperature of oxidation is 80¦C; initial concentration of nitric acid is 30 per cent (by weight); feed proportion (nitric acid to cyanide tailings mass ratio) is 3:1 and reaction time is two hours, the conversion ratio of cyanided tailings is 90.06 per cent. At the same time pyrite in the cyanided tailings is oxidised effectively, gold recovery is as high as 92.3 per cent and nitric acid loss per cycle is only five per cent because of NOx recovery.

Jan 1, 2007

The Australasian Institute of Mining and Metallurgy brings together, voluntarily, people with a professional interest in the disciplines and skills which are employed in the mineral indus- try, and in relation to that industry. We come together because we have a mutual interest in improv- ing what is done by the mineral industry, in all its aspects. It is this sense of continuing improvement, of doing better, of doing as well as we can, as our knowledge and skills improve, that unites us in creating and fostering a professional association of like- minded people. We know from our professional training and experience that enormous progress has been made, at an ever-increasing rate, in the mineral industry, particularly in this Century. We know that the mineral industry has played a very major role in providing the means by which so many more people survive to live longer, healthier and more interesting lives, than ever before. Indeed together with the oil and gas industry, which is an integral part of the mineral industry but has achieved its own commercial dis- tinction, it is fair to claim that the mineral industry has played the major role in providing the means for the advancement of the human quality of life.

Jan 1, 1988

By R K. Dayal

Many transport tunnels show distress after few decades of construction. Owing to exorbitant cost of replacement, rehabilitation of tunnels has become inevitable and rapidly gaining attention/significance worldwide. This paper discusses the detailed planning and design of remedial measures for repairs and rehabilitation of the twin tube highway tunnel in India, at an elevation of 2200 m constructed approximately 38 years ago. The tunnel length is 2547 m having 30 m2 cross-sectional area of each tube. The tunnel is lined in stretches, totalling 60 per cent lined and the remaining portions are unlined. The tunnel has developed acute problems of rock falls, water leakage, distressed pavement and icicle formation resulting in slow movement of vehicular traffic which has also increased. Suffocation inside the tunnel caused deaths due to inadequate natural ventilation, hence artificial ventilation was deemed necessary and was provided in the restricted 28.5 m2 cross-sectional area of tunnel. The paper would be useful for planners, designers and construction engineers for setting future trends.

Jan 1, 1999

By Woods PW

Consulting Engineers have been used in the mining and metallurgical industries for many years. The traditional role of the consultant overseas has been one of assisting with conceptual design right through to con- struction and commissioning as well as on occasion acting solely in specialist fields. This role developed because mining companies wished to concentrate on building up the permanent organisation they require to operate their mines and treatment plants without the traumas of increasing staff for the design and construction period and reducing it on completion. In Australia where there have been few individual minerals projects of magnitude (until recently) companies have looked after their own detailed engineering and construct- ion management employing consultants mainly in specialised fields.

Jan 1, 1975

Water is important commodity in the mining industry. Water is used in the many stages of mining from the exploration stages and drilling, to mine development and operation and finally throughout mine rehabilitation and post mine activities. With the use of water throughout the life span of a mine, its management is an important component in the operation of any mine. Unfortunately the use of water within the operations can be one of the major sources of pollution generated from a mine. Such contamination can occur via numerous mechanisms including ground water flow, over land flow and accidents. Contamination may occur in any stage of mining operations, for example a leaking or failed tailings dam. With the above in mind, the paper presented will focus upon the use and management of water in the mining industry: ownership rights of water û common law as well as legislative rights; a review and analysis of the existing Queensland legislation and its mechanisms for the protection of water pollution from mining operations; and conclusions drawn from the paper relating to the Queensland legislation.

Jan 1, 2003

As Coal Mining Areas develop, problems relating to strata control increase. The "easy" coal has been extracted and the future development lies in the direction of greater depths of cover and more difficult strata conditions. To provide solutions to the problems encountered the techniques of constructing and testing physical models have been developed and refined. With a sound knowledge of model theory allied to practical experience, mining research engineers use physical cemented material models to examine, assess and solve mining problems relateu to strata behaviour and environment. For a model to provide the answer to a particular mining problem it is essential that as much information as possible be obtained from the mine or area of a mine which the model is to represent. Details relating to the strata, geological malformations, and the stress environment must be collected and collated to ensure reliable results.

Jan 1, 1976

By Onal G, Celik MS, Dogan MZ

Chromite tailings assaying 21.2 per cent Cr2O3 was upgraded to 48.7 per cent Cr2O3 at a recovery of 72.0 per cent using column flotation with a mixture of anionic collectors at pH 11. Electrokinetic methods were used to elucidate the mechanism of collector adsorption and correlate the findings with the optimum flotation conditions. Multivalent constituent ions such as Cr3+, A13+, Fe2+ and Mg2+ were found to adsorb on chromite surface and shift the zpc of chromite in the direction of oxide form of the mineral. The anionic collectors also imparted a negative charge to chromite in the entire pH region. The higher zeta potentials obtained upon adding the anionic collectors is ascribed to the adsorption of anionic surfactant onto the positively charged chromite surface. The positive sites are generated through formation of significant amount of hydroxy complexes of magnesium at pH 11. Complementary infrared data reveal the absence of a shift in the spectra indicating the possibility of physical adsorption in the system.

Jan 1, 1993

Disastrous earthquakes are a reality on the Australiancontinent. Unfortunately it has taken the fatal 1989 New-castle earthquake to demonstrate to all Australians that we do not reside on a "stable continent". While the world accepts the potential of plate tectonics and its associated plate margin earthquakes, particularly around the active Pacific Rim, the realisation of devastating intra-plate, or continental, earthquakes is only now beginning to take effect. The 1989 Newcastle earthquake provides many lessons on which to further fundamental earthquake research and the applications to the future welfare of human civilisation. To mitigate the earthquake hazard in relation to the devastation to life, property and industry, research must be undertaken with the resulting informa-tion to be included in the nation's disaster management programs. The earthquake hazard is everpresent in east-ern Australia and the major step in its quantification is a more realistic determination of earthquake risk estimates through an integrated study of seismology, engineering, insurance and sociology.

Jan 1, 1990

The last two years have seen a rapid change-over from mechanised cut and fill. stoping to the more economic and productive long hole open stoping method, such that today more than 80 per cent of total production is won from open stopes. At first drilling was by sub-level rings and/or parallel up and down holes from inter- mediate sill horizons using conventional exten- sion rod equipment. Sub-levels were developed no more than 40 metres apart to allow accurate drilling. Compact, crawler mounted in-the-hole hammer equipment was introduced as soon as it became available in Australia. Today, all open stope drilling is done with three Atlas Copco ROC306 rigs and two Ingersoll-Rand CMM jumbos. Fans of 115 mm diameter holes, varying from near vertical down holes to horizontal, are drilled with a burden of 3 m. Toe spacing varies from 3.5 m to 4 m. An Atlas Copco DG418 booster compressor is used to boost run-of-mine air from 700 kPa to 1400 kPa in the areas of longest drilling. This has improved overall drilling performance in these areas by 40 percent.

Jan 1, 1977

By Arndt MB, Bamberg S

The evaluation of risk is becoming more important in the siting of mining operations in the United States as well as the rest of the world. The determination of environmental, economic, as well as health and safety risks is an important step in the planning of any mining operation. Hydrogeology plays an important role in pre-mine planning and in the determination of these risks. The mine operators must determine if ground water would inhibit mining in any way. Factors which are important to consider include mine dewatering economics, slope stability, and other adverse hydrologic impacts. This paper presents methodologies for the characterization of hydrogeological risks for a mining operation. First of all, the term risk analysis is defined and its utility is addressed. Then, stepwise methods for performing a typical risk analysis are presented. Finally, the application of risk analysis to hydrogeology in mining is given. With slight modification, it is believed that these methodologies can be used to evaluate the hydrogeological risks for any mining operation.

Jan 1, 1988

Average annual growth in consumption of primary energy in Australia over the past ten years has been 5.5% compared to a world average of 4.1%. Over the next ten years growth rate is expected to increase to 6% per annum due largely to the rapid development in the mineral processing industry. By the end of the 1970's natural gas is expected to supply more than 9% of Australia's, primary energy market. Coal will supply 40% and petroleum products 47%. Nuclear energy will make its appearance but-will only make a small contribution in the period. Australia has adequate reserves of natural gas and coal to supply its needs in the 1970's and beyond. However the newly developed reserves of crude, while supplying 60-70% of requirements-in the initial years; will need regular and sizable additions if they are to .keep pace with the expanding consumption. For Australia to become self sufficient in the period 1970-1990 it is estimated *that new discoveries-will need to approximate. ten times the volume of recoverable reserves found in Australia to date. .

Jan 1, 1970

The amount of land subjected to coal surface mining in the United States has been reported at 1, 302, 000 acres (1). Latest National Coal Association estimates (1968) show that about 65, 000 acres are affected annually in the production of 186, 000, 000 tons of coal. Peabody Coal Company affects approximately 9500 acres annually in the ten States in which we are presently operating. Surface mining at Moura, Australia was begun in February 1961. In Marcy 1963, the Marion 7900 dragline with 35 cubic yard bucket went into operation and in 1967 the Marion 8900 dragline with a bucket capacity of 130 cubic yards was put into operation. In addition a third dragline, a 480W was added in 1969. It carries a 15 cubic yard bucket and is used to work areas that are too small to justify movement of the larger machines, In 1969 the Moura surface mine produced 3, 002, 774 short tons, and in 1970 3, 418, 933 short tons.

Jan 1, 1971

By S J. Woods

As a part of Solid Energy's progressive rehabilitation of the Stockton Mine, it was determined that significant rehabilitation of the existing Mt Frederick Sidecast would be required to ensure the long-term stability of the sidecast. The goal of this rehabilitation is to reshape the existing stockpile into a more stable slope configuration, and the construction of a comprehensive stormwater collection and discharge system. The reconfigured slopes will facilitate the final revegetation of the exposed surfaces and the management of surface and groundwater discharges from the area. This paper briefly describes the specific details of the project and the significance of seismic conditions on the long-term stability of the reconfigured stockpile.

Jan 1, 2003

It is often said in business that if you donÆt have a customer you donÆt have a business. The same rule applies to project evaluation; if you donÆt have customers you really donÆt have a viable project. It is therefore essential that in the early stages of project evaluation the following fundamental questions are addressed: What products will this project produce? Who are the potential customers? What are the customersÆ requirements with respect to grade and impurities? Do they have adequate capacity to take the production from the proposed project? Will the products introduce adverse effects in the customerÆs process circuits? Will additional waste streams requiring disposal be produced? In the past the attitude has been along the lines of the customer will take whatever we produce at the mine site. Times have now changed with customers now operating under much tighter environmental regulation with waste disposal becoming increasingly difficult. It would therefore be prudent that the principles of product stewardship be used as a tool in project evaluation. This paper will provide a general discussion on customer requirements and provide detail on case studies of the impact of mine products on smelter process circuits. It will provide examples where there were synergies between the mine product and the smelter circuit and where the mine product had adverse impacts on smelter performance.

Jan 1, 2007

A good blending system is one that ensures that a plant can cope with the amount of grade variation that it will encounter. Prediction of amounts of variation that will be encountered on time or tonnage scales that are important should be regarded as an essential part of the planning of mines and plants. In some cases, the natural amount of grade variation when ore is mined and handled in the cheapest way will be acceptable. In other cases, it is necessary to understand the effects that various ore-handling processes have on amounts of grade variation at various scales and to design a blending system with considerable care. Blending tends to matter more when plants are sensitive to many aspects of grade. It can be very difficult to find the best compromise between capital cost and the amount of grade variation. In these cases it is important that ore blending options be considered carefully as part of the planning of mines and plants. Failure to make plans that consider likely amounts of variation can be very expensive.

Mar 1, 2010

By See J. B

The zinc-nickel alloy process, TECHNIGALVA, was developed for the control of the thicknesses of zinc -coatings on reactive silicon-killed steels. These are steels containing between 0.04 and 0.15 per cent silicon which have become more common in recent years as more steel is produced by continuous casting. The introduction to this paper will review the current status of this process in Europe, North America and Australasia. It is well known that the presence of silicon at certain levels in steel can cause sufficient growth of intermetallic phases during galvanising to form a grey coating of excessive thickness. This type of coating is undesirable because it is brittle and has poor adhesion to the steel base. Since the early-1980s a widely accepted practice for suppressing the reactivity of steels containing silicon during general galvanising has been the addition of approximately 0.1 mass per cent nickel to the galvanising bath ie the TECHNIGALVA process. The paper will also discuss metallurgical aspects of the use of nickel in galvanising such as the mechanisms by which nickel suppresses reactivity, the structure and composition of the ternary Zn-Fe-Ni drosses formed when using nickel and the use of nickel in the galvanising bath at a level of about 500 ppm to give thinner, smoother and brighter coatings on steel.

Jan 1, 1993

By Jena P. K

Smaller deposits of high grade chalcopyrite or the concentrates of low grade and complex copper bearing ores, can be subjected to extraction processes other than smelting and converting. Low temperature chlorination and segregation processes are among those mentioned in the literature. In the present work, extraction of copper from a Brazilian chalcopyrite concentrate by slurry chlorination with chlorine gas at room temperature, dry chlorination by chlorine gas in the temperature range of 350 to 450¦C and segregation roasting of the calcined concentrate in the temperature range of 650 to 800¦C have been carried out. The effect of several experimental variables on the extraction of copper has been discussed in all these cases. Under optimum experimental conditions, 100 per cent Cu extraction was possible by either slurry or dry chlorination processes and around 86 per cent Cu by segregation roasting. For all the three cases, possible methods have been suggested to trial the studies on a pilot scale to assess their technoeconomic viability.

Jan 1, 1992

By Aalbers J. P A

The State Electricity Commission of Victoria (SECV) operates 13 excavators, 3 travelling stackers and 4 mobile slew conveyors in their three open cuts in the Latrobe Valley. The majority of these machines have been designed and constructed to a German design code current at the date of order. The SECV has always ensured that the machines were manufactured and erected to the appropriate standards. The SECV has a policy of having all machines inspected by an independent inspector every two years. These inspections are based on those carried out in Germany. The inspections have been carried out by inspectors from Germany who have the necessary experience to do similar work in German open cuts. Major faults found during the inspections have been repaired, however,the gradual breakdown of corrosion protection system has continued. The structures on some machines have areas of bad corrosion. This, coupled with wear on major mechanical equipment, would require an extensive outage to overhaul the machines. Refurbishment of Hazelwood Power Station will result in higher levels of production and extended life for the station. This will require improvement in the total output from Morwell Open Cut (MOC). To meet this increased coal demand, the open cut equipment will need to operate more efficiently and for a longer period of life.

Jan 1, 1989