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By R Billingham

QueenslandÆs new safety legislation for metalliferous and coal mining (Mining and Quarrying Safety and Health Act 1999 and Coal Mining Safety and Health Act 1999, together with the Regulations) came into effect on 16 March 2001. The legislation places clear obligations on mine owners, operators and workers to have a safe place of work and to manage risks to safety and health. It also places obligations on contractors, designers and providers of services. The legislation is non-prescriptive in that it states what outcomes must be achieved and not what must be done. The key issue is that the risk of injury to people must be at an acceptable level. The legislation creates a Mines Inspectorate with powers of inspection and audit of mines, their safety management systems and the management of risks. Auditing of the risk management process is carried out against standard risk management techniques and directives for corrective action may be issued when audits reveal non-compliance or unacceptable levels of risk.

Jan 1, 2002

By B J. Wilde

Evaluating the resources and reserves in a mineral deposit requires many interdependent subjective decisions. The decision of stationarity is arguably the most important. This decision includes: the choice of domains that subset the entire deposit, modelling the boundaries of each domain, and understanding and considering the nature of the contacts between domains. Reasonable choices are made in consideration of the geological context, the available data, the goals of the study and the available resources for the study. This paper reviews aspects of the decision of stationarity in modern resource assessment with a focus on quantifying uncertainty and using numerical/statistical tools to help the geomodeller. The use of volume/distance functions to quantify uncertainty in domain limits is particularly important and is presented in detail. The use of contact plots provides help with the continuity of grades across domain boundaries. Realisations are not assembled as a branching combinatorial of all possibilities, but as a set of realisations that provide a measure of uncertainty. This paper amounts to a definition of stationarity for modern resource assessment.

Sep 26, 2011

By N Tyson

Throughout Australia and the world, there have been in recent years a number of incidents involving the reaction of ammonium nitrate based explosives with ground containing certain types of sulphides. This paper presents a comprehensive strategy designed to identify, assess and mitigate the risks involved with blasting in areas of reactive ground. Undertaking blasting in reactive or potentially reactive ground involves a degree of risk, the level of which is dependent upon the controls in place for specific sites; this in turn depends upon the degree of sound reasoning and judgement behind the implementation of these controls. Implementation of controls to minimise the risk of incidents also involves a measurable increase in production and blasting costs. To achieve a balanced solution to this matter, decision-makers need to understand how the risks eventuate, how they should be evaluated, and how control measures reduce the risk. Also required is an understanding of how the problem affects the economics of the operation, and the magnitude of this effect. It is the aim of this paper to provide a structured approach to gaining this knowledge, so that mine management, the workforce and explosive suppliers may jointly develop more effective economic and safe blasting systems for potentially reactive ground. Using a combination of fault/event tree risk assessment and semi-quantitative analysis, a structured approach to dealing with the issue will be illustrated.

Jan 1, 2001

By M Schmid

German hard coal mining operations have decreased for more than 40 years. Current political decisions are leading to a discontinuation of subsidised black coal mining by the year 2018. This decision will, however, be reviewed once again in the year 2012. The enormous increases in productivity, which were achieved in previous years, have so far not led to an achievement of market requirements. Coal mining at depth of more than 1200 m in multiple seam environments is not yet competitive in global comparison. In 2008 the 24 faces left in eight mines produced about 20 million tonnes of usable steam coal. Management and the workforce will be reduced in parallel; from today until 2012 by more than half. The average age of personnel is increasing dramatically and nearly no new personnel are recruited. With this background in mind, increasing continuously coal mining productivity becomes more and more difficult. Above all, this goal was reached by mechanisation, then by increasing the mining machine power and then by enhanced machine control systems. The first attempts to automatically operate full face equipment from above ground were in the early 1980s. After successful automation of the face equipment, the emphasis is now on mine logistics. Autonomous monorail transport was introduced and tested in 2007. Since the development rate of machine improvements has its limits, the focus is on the full interaction of the total production system. Here information technology (IT) becomes important; the driver for more productivity. Actual developments aim for the complete and general homogeneous IT infrastructure both above ground as well as underground. The explosive environment needs high level investments in safe technology, eg access points for WLAN and fibre optics for underground use (ATEX certification). New technology availability also drives the enhancements of management and process control systems. Innovations in the mining industry often comprise technology advances through the adoption of well-known technologies. With virtual reality (VR) teaching and training systems advanced computational instruments, both in software and hardware development, were applied in the German coal mining industry for ten years. Widening lists of applications as well as the encouraging achievements show the economical benefits of investing in virtual reality technology both for teaching and training and for knowledge management. The paper discusses the actual technical achievements as well as in IT infrastructure utilisation and also in employment of virtual reality based systems. Special focus and deeper insight will be given to the fibre optics and WLAN hardware integration as well as software developments. The pocket personal computer (PC) is used to enhance underground material transport and data acquisition. The knowledge-based maintenance system (KBMS) integrates real-time virtual reality knowledge elements, such as repair process descriptions. It gives access to expert documentation by intelligent search algorithms and 3D representations of major mining machinery.

Jan 1, 2008

By T R. Stacey

South Africa has a long history of rockbursts, some 100 years. During this time much research and many developments have taken place in the country to limit the occurrence of rockbursts, and to mitigate their effects. In this paper I shall present a personal view of what I consider to be important achievements, and contributions made. Some of these are: planning of stope layouts, and the use of strike barrier pillars; recognition of energy as a key factor, the use of the energy release rate ERR as a layout planning criterion, and development of MINSIM for calculation of ERR and stope planning; sequential grid stope layouts; use of backfill for stope support; and, development yielding support elements, and dynamic testing of stope and tunnel supports. The record shows the establishment of a rock engineering research powerhouse over a 40 to 50 year period and, unfortunately, the complete breakdown of this capability in the subsequent 10 years. CITATION:Stacey, T R, 2018. A personal review of South African rockburst research, experience and lessons learnt, in Proceedings The Fourth Australasian Ground Control in Mining Conference (AusRock), pp 5–16 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Nov 30, 2018

By J-P Franzidis

Mill operators have traditionally been forced to rely on grade-recovery curves and overall flotation rate constants when analysing proposed improvements to plants. This has led to loss in money and time when a proposed change that showed potential in laboratory scale tests failed to show improvement in the plant. Frequently, this is a result of the operators being unable to gain insight into how and why the proposed change affected the flotation performance. This is due to the classical models not including any description of the subprocesses of flotation and their individual contribution to the overall flotation performance. A new flotation model has been developed as part of the AMIRA P9 project that separates the flotation process into subprocesses and includes the contribution of both the pulp phase and froth phase to the overall flotation recovery. It is not possible to determine the individual components of this new model on traditional pilot plants as they lack the required flexibility and scale. Therefore a new pilot plant has been developed known as the Floatability Characterisation Test Rig (FCTR) that has the flexibility and features required for the determination of the flotation subprocesses. The flexibility and features of the FCTR also make it an ideal tool for investigations into many different aspects of flotation research. These include the effect of reagents, grinding, and power on the flotation performance. This paper will describe the methodology for using the FCTR in these fields of research and highlights the advantages of using the FCTR over traditional methods.

Jan 1, 2000

By E Jak, M Shevchenko, D Shishin

One of the key aspects to develop sustainable metallurgical production is to ensure that the predictive power of thermodynamic tools is brought up to a new level of accuracy and reliability. Exploring new polymetallic processes, integrating primary and recycled materials, means utilising the uncharted areas within the Cu-Pb-Zn-Fe-Ca-Al-Mg-Si-O (major) – Cr-Na (slagging) – As-Sn-Sb- Bi-Ag-Au-Ni-Co (minor) slag-solids-metal-matte-speiss-sulfate system. This requires extensive integrated experimental and thermodynamic modelling study, which is underway at PyroSearch at the University of Queensland (UQ).

Aug 21, 2024

By B Hannah, M Uriarte, F Labarca, C Madore, G Ganapathi, L Martin, T Haase

BechtelÆs Mining and Metals projects across the globe are executed in remote arid and semi-arid countries where providing even basic water supplies impose considerable challenges. Opportunities for water conservation measures using a Six Sigma initiative were proactively pursued to address the potential business impacts of limited availability of water resources. The initiative investigated areas driving water-optimisation during concrete operations and camp management. This paper details the water conservation evaluation of alternatives and cost/benefit analysis based on current and predicted water usage for development projects. Optimisation of water consumption through institutionalising more prescriptive standards for camp design and defining water conservation requirements have resulted in a new standard specification. Based on our projected mining project workload across the globe, it is estimated that for the period 2012 - 2015, a potential 5.5 M m3 water savings resulting in US$11 M could be realised for construction camps and savings of 4 M m3 of peripheral concrete process water resulting in potential cost savings of US$8 M could be achieved as a result of these revised standards.CITATION:Haase, T, Hannah, B, Ganapathi, G, Martin, L, Madore, C, Labarca, F and Uriarte, M, 2013. Water conservation at construction projects, in Proceedings Water in Mining 2013 , pp 251-258 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Nov 26, 2013

By S Khadhraoui, T Yusuf, C Kirmse, E Hecker, R Degel, A Akouch, N Borowski, M Reuter

For an optimal design and control of metallurgical processes, a deep understanding of the thermodynamics of the governing reactions is required. Modelling the thermochemical behaviour of those reactions is complex, as it involves multi-component and multi-phase systems. For this purpose, thermodynamic computing systems such as FactSage™ (Bale et al, 2016), which combine Gibbs energy minimisation routines with large databases of optimised thermodynamic data of solutions and compounds, have been used within the SMS group GmbH. Recently, the successful integration of those thermodynamic computing systems into the digital platforms of SMS has been achieved through ChemApp, which made running complex thermochemical calculations in Python-integrated development environments possible. ChemApp is a programmer’s package for thermochemistry and incorporates the Gibbs energy minimiser of FactSage™ as reported by Petersen and Hack (2007) as well as by Zietsman and Petersen (2018). The digital platforms link the fundamental and the industrial aspects together and can be applied as a process advisor, or for the evaluation of the environmental footprint and the economic implications of different process routes, as discussed by Reuter (2023). Two examples illustrating the progress of the developments in this regard will be introduced: 1. The Tilting Refining Furnace (TRF) for copper scrap recycling and refining to anode copper (the BlueControlApp). 2. Dephosphorisation control for the oxygen steelmaking process (Basic Oxygen Furnace (BOF)).

Jun 19, 2024

In October 1993 it was decided to undertake the fourth phase of mining at Big Bell. This decision followed the exhaustion of open pit reserves in January 1993. Two stages of mining were proposed for the new underground mine. The initial stage would mine the remnant ore, consisting of the rib and crown pillars and lower grade ore on the hangingwall and footwall side of the old open stopes, which were mined from the 1930s to 1950s. Most of the old open stopes were backfilled with either deslimed mill tailings or development mullock, both of which were economic to recover. However, the mineable ore from this resource was difficult to evaluate. The second stage focused on mining ore outside the remnant areas and was initially proposed as a Core and Shell method under a caving hangingwall. This method has since been superseded with sublevel caving, in part due to the very high and deviatoric stress conditions encountered at Big Bell and the relatively long mining cycle required for open stoping. The problems and challenges discussed in this paper will cover the identification of remnant ore reserves, dewatering the old workings, and remnant mining.

Jan 1, 1998

By G Barla

In Europe, a major interest in the infrastructure and tunnelling fields is in the new crossings of Alps in the form of base tunnels, which are important components of the high-speed (for passengers)/high-capacity (for freight) Trans European railway corridors. These tunnels cross the mountain belt at the elevation of the main cities and basins located all around the Alps and are longer (up to 57 km) and deeper (up to 2500 m) than all tunnels constructed in the centuries before. The excavation of the first Alpine railway and road traffi c tunnels could in general be carried out successfully by conventional excavation methods. With the great lengths of the new base tunnels, mechanised excavation by using tunnel boring machines (TBMs) is imperative as it contributes significantly to savings in construction time and costs. Questions are however posed on the adoption of such a systematic tunnel construction method given the severe ground conditions which are some time anticipated along the tunnel alignment, with possible major geological hazards such as water inflow in heterogeneous fractured or karstifi ed rock masses, stress-induced tensile failure of hard rocks, and plastic shear failure and squeezing of weak rocks, etc. This lecture is to briefly review the current state-of-the-art in the understanding and modelling of two such critical hazards as spalling/bursting and squeezing ground behaviour. With the present interest in the design of mechanised tunnelling with TBMs in such conditions, the complex interaction between the rock mass, the tunnel machine and its system components, and the tunnel support is studied in detail by numerical modelling. The research and development efforts presently underway with the intention to provide the designer with a novel three-dimensional (3D) simulator of mechanised tunnel excavation are presented. Case examples are discussed with reference to the Lyon-Turin Base Tunnel design.

Mar 8, 2011

By I Coombes, M Trim, Y Sun, M McRae, A Spiegl, H Lagger, A Amon, P Barraclough, M Villeneuve

The Brisbane Airport Link Project (AirportlinkM7) includes the design and construction of more than 12.5 km of tunnels, with the Kedron interchange including four ramp tunnels that intersect with mainline tunnels and result in caverns with spans of up to 26 m. These caverns are in highly variable ground conditions with less than 35 m of cover underlying residential neighbourhoods and commercial properties. The Kedron caverns were constructed using the sequential excavation method (SEM). Owing to complex geometry and excavation sequence, the caverns were designed based on numerical modelling methods, including both two- and three-dimensional models. These numerical methods were used to develop a suite of support types with excavation sequences for the expected range of ground conditions. A combination of methods that included in-tunnel monitoring (convergence monitoring and extensometers), probe holes, endoscope probes, face mapping and ground settlement measurements were used to verify performance of the tunnel support systems and to select and refine the appropriate support system for each section of the caverns. The construction monitoring data indicated that numerical modelling can provide a good basis for predicting the performance of large-span underground openings in highly variable ground conditions. This paper presents a comparison of the performance of the caverns predicted by state-of-the-art numerical models and the actual measured performance.CITATION:McRae, M, Villeneuve, M, Trim, M, Sun, Y, Barraclough, P, Spiegl, A, Amon, A, Lagger, H and Coombes, I, 2014. Brisbane Airport Link Project – design and construction of the 26 m span Kedron Caverns: comparing monitoring data with the design, in Proceedings 15th Australasian Tunnelling Conference 2014 , pp 295–306 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Sep 17, 2014

By H Indirawati, R Ayres, A Nur Kasnanto, S Konopa

As a project moves through the mine life cycle, the quantity of data available increases and the understanding of the orebody matures. Incorporating new information quickly and efficiently in current 3D models, is essential for adding value across the life-of-mine value chain. At the Martabe Gold Mine, the resource development group manages 14 drill rigs on six resource projects, including three operating mines. The Martabe deposits are geologically complex and the volume of new information that becomes available each day is substantial. It is imperative that new geological and assay information is integrated into the 3D models as soon as possible, so that drill planning and targeting can be modified accordingly. Martabe uses Leapfrog<sup>®</sup> 3D software to update and interrogate the 3D models on a dynamic basis as data becomes available. This results in faster and more effective changes to drill planning and schedules. The impact of this is better drill productivity and cost savings due to optimal drill targeting, and availability of up-to-date models incorporating the most current data. CITATION: Konopa, S, Ayres, R, Nur Kasnanto, A and Indirawati, H, 2018. Optimised drill targeting using dynamic 3D modelling, Martabe Gold Mine, Indonesia, in Proceedings Complex Orebodies Conference 2018, pp 99–101 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Nov 21, 2018

The information age has arrived. In every aspect of life, at the end of the second millennium, computers and information technology have made significant inroads. In mining there has been huge growth in the use of digitally controlled systems. From resource evaluation to mine planning to daily operations, information is being acquired, analysed, modeled and presented, using state-of-the-art information technology. Explosives, too, have moved into the information age. Computer controlled trucks and manufacturing plants have been developed and are now a regular feature on many mine benches. The next challenge for the explosives industry as a whole is to integrate blast initiation with information technology. The benefits are there, both to the supplier and to the end-user. Much has been written in the past about the potential for blast improvement but there are other significant advantages to a digital initiation system. These include security from unauthorised use, stock control and minimisation, reliability through testability and ease of use to name a few. So why is it taking so long? Surely the complexity of an electronic initiation system is far less than that of mobile phones that have been around for a long time. The answer, it seems, lies in the level of new technologies that need to be developed. There are enormous technological hurdles to be overcome in order to put into the market a cost-effective, reliable, user-friendly electronic initiation system. The most significant of these are:Safely and reliably initiating an explosive from an electronic device powered by a small capacitor. Prior to the development of electronic detonators primary initiation of explosives was by shock tube spit or by passing large currents and voltages down a pair of wires. Electronic detonators do not have that luxury. For example the energy stored in a æBeethovenÆ exploder is more than 500 times greater than that available to an electronic detonator. Communicating to a multitude of devices over very long cables installed by miners in harsh conditions. The deployment of an electronic detonator system has been likened to building a large telephone exchange in the rain and getting it to work perfectly first time! New communications protocols needed to be developed and tested. Wiring and connection systems have to be designed to survive the mining environment. In spite of these technological hurdles most of the major explosives manufacturers have persisted with electronic initiation systems and we are now, in 1999, starting to see the results of these multi-million dollar efforts. At SMI we are often asked many questions about this technology. The remainder of this paper seeks to answer those most often asked. As with any business linked to information technology todayÆs breaking news is tomorrowÆs archive and we expect the rate of development and understanding to accelerate as these technologies become accepted by the global mining industry.

Jan 1, 1999

By M Manefield, G Bournival, S Ata

Asteroids contain an abundance of valuable resources such as: nickel, cobalt, gold, platinum and rhodium. Whilst the consumption of mineral resources on Earth continues to deplete, meteoroids have the potential to become a significant source of minerals. Even though the minerals content of asteroids may be relatively high, the valuable minerals are more likely to be only a small portion of the total ore present in the main body. The ores must, therefore, be processed to extract the metals of interest from the waste. Existing terrestrial technologies rely on manipulating the physical and chemical properties of minerals. The application of these techniques to asteroids processing, however, is not straightforward due to the presence of different conditions such as zero gravity and lack of water in space. This paper discusses potential separation and extraction techniques that can be used for processing of asteroids.CITATION:Ata, S, Bournival, G and Manefield, M, 2015. Resource recovery in space, in Proceedings Third International Future Mining Conference, pp 275–280 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Nov 4, 2015

By I Zh Bunin, V A. Chanturia, V G. Minenko, M V. Ryazantseva, A L. Samusev

A promising source for the extraction of rare metals and REEs in Russia is the eudialyte ores of the Lovozero deposit, which do not contain active uranium components. The eudialyte ore reserves of the Lovozero Massif are considered virtually unlimited and therefore have the potential to become a primary source of a number of rare and rare earth metals. The goal of this study was to comprehensively examine the effect of the parameters of high-power nanosecond electromagnetic pulses (HPEMP) and dielectric barrier discharge (DBD) on the leaching performance of eudialyte concentrate and the selective separation of zirconium and REEs from productive solutions. Using scanning electron microscopy and infrared spectroscopy, the mechanism behind the intensification of acidic dissolution of eudialyte as a result of pretreatment with energy impacts was described. During the HPEMP treatment, weakening and destruction of the eudialyte surface was observed, which at the substructural level is expressed in the deformation and local destruction of Si10O27, Si9MO30 resulting in formation of microcracks. During the DBD treatment, the formation of characteristic defects was observed in the form of imprints of dielectric breakdown microchannels and individual mineral fragments. Pretreatment of eudialyte concentrate using HPEMP made it possible to increase the recovery of zirconium into the pregnant solution of leaching by 3.4–4.3 per cent (from 86.6 per cent to 90.9 per cent) and by 4.1 per cent (from 86.6 per cent to 90.6 per cent) when using DBD. The increase in the total recovery of REEs was 1.2–1.8 per cent (from 87.7 per cent to 89.2 per cent). The effect of pH values, solution temperature, initial concentrations of valuable components on the successive recovery performance of zirconium and REEs from the pregnant solutions nitric from the acid leaching of eudialyte concentrate by chemical precipitation was examined. The possibility of selective separation of the zirconium product and rare earth elements with a zirconium recovery of 99.95 per cent and a REE recovery of 87.5 per cent was established. REE loss with the zirconium product was 8.0 per cent and 4.5 per cent with the spent pregnant solution.

Aug 24, 2022

Coal seam methane (CSM) is an æunconventionalÆ gas resource that is becoming an important energy resource for Australia, especially along the eastern seaboard. It has been conventionally believed that methane in high rank coals was exclusively derived from thermocatalytic processes during decomposition of coal at elevated temperatures. However, recent re-interpretations of gas composition and isotope data have indicated that microbial methane generation may be one of the main processes responsible for the accumulation of commercially producible methane in some coals. In low rank (æbrownÆ and sub-bituminous) coals, methane (CH4) is mainly generated by microbial activity at low temperatures. The amount of this biogenic gas generated and accumulated in low rank coals depends largely on the rate of burial and depth. Most low rank coals are æunder-saturatedÆ with respect to their maximum gas sorption capacity. In contrast, high rank coals may be highly saturated due to extensive gas generation from both thermogenic and secondary biogenic processes. However, in basins where secondary biogenic gases have not replenished the thermogenic gas lost during basin uplift, the coals will be æunder-saturatedÆ. In many basins around the world, high CSM producing zones appear to contain secondary biogenic CH4 generated by microbes transported in meteoric water recharge through permeable coal seams. Biogenic CH4 generation requires the activity of a consortium of anaerobic respiring microorganisms, fermentative bacteria and acetogenic bacteria to break down complex organic molecules to simpler molecules having one or two carbon atoms, which enables methanogenic archaea to generate CH4. The two main methanogenic pathways in the generation of secondary biogenic gas from coal are aceticlastic reaction and carbon dioxide (CO2) reduction. In eastern Australian coals CO2 reduction appears to be the main process. The types of microbes that are directly involved in these processes are unknown because they have not yet been isolated from the coal seams. The CSIRO is currently investigating the processes of biogenic gas generation in Australian coals. Potential may exist to introduce appropriate microbes into deep coal seams to enhance methane saturation levels, gas sorption capacities and permeabilities.

Jan 1, 2004

By X Liu

The crystal chemistry of carbonate in Ca apatites, including Na-free and Na-bearing hydroxylapatite (CHAP) and Na-bearing fluorapatite (CFAP) and chlorapatite (CCLAP), has been investigated by Fourier transform infrared (FTIR) spectroscopy and single-crystal X-ray structure, using crystals synthesised from carbonate-rich melts at 1 GPa, 1400 - 1000¦C. The carbonate ion substitutes for both the X (OH, F, Cl) anion species in the apatite channel (type A carbonate) and the phosphate group (type B carbonate). The type A carbonate ion is oriented in the channel with two oxygen atoms close to the c-axis, and the type B carbonate ion is located close to the sloping faces of the substituted phosphate tetrahedron, with details varying with composition series. Sodium promotes the uptake of type B carbonate and also has a profound effect on FTIR spectra. Crystal compositions correspond approximately to the substitution formula Ca10-(y+z)Nay z[(PO4)6-(y+2z)(CO3)y+2z][X2-2x(CO3)x], with x + y up to 1.0 and z + 0.0 for CHAP, x + y + 4z + 0.4 for CCLAP, and x + y + 2z + 0.1 for CFAP, for equivalent conditions of synthesis. The sodium cation and A and B carbonate ion defects are locally coupled in all three composition series to facilitate charge compensation and minimise the effects of spatial accommodation. Synthetic Na-bearing type A-B CHAP with x + y + 0.5 has a similar chemical composition and FTIR spectrum to biological apatite.

Jan 1, 2008

This paper will review some of the work conducted in the past at the Dynamic Effects Laboratory to examine the use of stress waves and fracture mechanics in understanding dynamic fracture and fragmentation in blasting applications. Along the way, we will use photoelasticity and high-speed photography to better understand the mechanisms of fracture and fragmentation.CITATION:Fourney, W L, 2015. The role of stress waves and fracture mechanics in fragmentation, in Proceedings 11th International Symposium on Rock Fragmentation by Blasting, pp 27–40 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Aug 24, 2015

By M Fewings

This paper casts a light on the sometimes murky world that lies between base metals product æout the gateÆ, and money in the bank. Whether your base metals are leaving the mine as a refined product, or as an ore or concentrate, the generally accepted method of value determination is a London Metal Exchange price, usually measured at some point after the material has left your control. In this paper, the structure and operation, regulation and the reasons for the use of the London Metal Exchange are explored. In addition, the risks and opportunities that terminal market pricing provides to mine managers are explained, with particular reference to hedging. The paper also deals with the structure of the sales contract, including management of shipping issues, agreement of delivered quality, documentation and administrative issues. The selection of counterparties, the role of traders in the market and the growing influence of China and India as base metal consumers and competitors are also addressed.

Jan 1, 2006