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The title of my address today is "Oil and Gas Valuations - A Simplistic View of Some Critical Issues". Alternatively I could have called this address "Pitfalls for investors' and corporates in accessing Independent Experts Reports" 'as in this brief 12 minute talk I will briefly comment on some common misconceptions with regard to the valuation of exploration areas and production interests, and comment on how the draft release guidelines address these issues.

Jan 1, 1989

Mr. Chairman, Distinguished Guests, Ladies and Gentlemen. I was delighted to be invited, and to accept the invitation, to welcome to this specialist meeting on an intriguing subject, the local participants and - most importantly - the international contributors. Technical o analysis of blast furnace operations has for many years formed the basis of intense research throughout the iron and steel industry, world wide, because the efficiency of blast furnace operation estab- lishes the foundation for all subsequent processes in a steel plant. So much depends on the constant, efficient performance of iron melting units in relation to costs, quality, regularity of operations and reli- able delivery performance to our customers.

Jan 1, 1981

R F Johnston 1 ABSTRACT The possibilities for bacterial leaching of refractory gold ores found in the Central Victorian region of Australia are examined. The behaviour of bacteria, especially 77iobacillus ferroaridans is outlined and the effects of these when they are exposed to pyrite, arsenopyrite and stibnite are examined. The factors which are particular to Central Victoria are outlined and the possibility of adapting a bacterial culture to suit the conditions is discussed. It is concluded that a bacterial leaching system is a feasible proposition and that it could enhance leaching rates and yields.

Jan 1, 1994

Despite improving technology, better training and the use of modern monitoring and communication systems there is a disproportionate rate of diameter occurrences in the mining industry. The use of appropriate plans and a practical approach and managing risk can reduce the number of occurrences and ensure better control of emerging situations when they do Occur.

Jan 1, 1998

By Morland R, Peck R

The Joint Committee of The Australasian Institute of Mining and Metallurgy (AusIMM) and the Australian Mining Industry Council (AMIC) have published a Code for the Reporting of Identified Mineral Resources and Ore Reserves. The Code is the result of an initiative begun in 1971 to achieve industry self regulation of Resources and Ore Reserves reporting which resulted first in guidelines for reporting standards but which have now been incorporated in ASX Listing Rules as a Code with significant sanctions ensuring compliance. This paper describes the background to the Code, its key provisions, and comments on practical aspects of working with the Code and compliance issues.

Jan 1, 1990

The excavator selection process is quite complex due to the large number of influencing factors, many of these are variable and difficult to accurately define. The majority of mining companies prepare a tender of general specifications and suppliers will then match a product to those specifications. The mining company will then evaluate the tenders on the basis of the best available deal. In this paper, the importance of open pit excavator selection in terms of its impact on operating costs is analysed and discussed. A rigorous process for selection is then outlined.

Jan 1, 2003

By U E. Sibilski

A pilot plant evaluation of the Savmin process, for the purification of mine water was commissioned by Anglogold and conducted at the Stilfontein Gold Mine, Margaret Shaft at Stilfontein in the North West province of South Africa. The purpose of the project was to obtain the operating conditions and operating costs, to produce different qualities of product water, as well as design parameters for upscaling to an industrial plant. The project was undertaken by AngloGold and Mintek of South Africa.

Jan 1, 2003

Heavy media separation serves to upgrade mill feed and reduce unit operating costs, allowing ores to be mined which could other wise be uneconomic. At the Aberfoyle mine at Rossarden in north-east Tasmania, a simple heavy media operation using a converted Akins screw classifier as a separating vessel, removes barren quartz from mineralised material. At the Cleveland mine at Luina on the west coast of Tasmania a more complex ore mix requires a versatile operation combining hydro-dynamic and static separation equipment to provide an efficient beneficiation circuit. The two operations are briefly described with a background of basic heavy media separ- ation practice.

Jan 1, 1978

Choosing an Effective Dust Suppressant

Sep 13, 2010

Fluid bed sulphation roasting followed by leaching at low pH was developed as a means of separating copper and bismuth from a mix- ture of flotation concentrates and flash fur- nace flue dust. A 65 tonne/day plant was established and typically achieves 89 percent copper extraction with negligible bismuth and iron extraction. Acid-chloride leaching of bismuth from copper leach residue was then established, with bismuth oxychloride being precipitated from solution by dilution with water. A small scale batch plant presently in operation typic- ally achieves 80 percent recovery of bismuth to bismuth oxychloride.

Jan 1, 1986

After a very brief historical survey and overall assessment of traffic requirements, the invitation by the British and French Governments for private groups to make proposals for a "fixed link" is described, and the resulting plethora of proposals is reviewed. The three schemes which gave some promise of being adequately backed by private finance are described as follows:

Jan 1, 1987

As previously advised, two of the raw materials for Wilsons Portland Cement are cement rock and limestone, both of which are quarried by the company. We now wish to give you a brief outline of these operations. The major material, cement rock, is obtained for our Portland Quarry at Tikorangi Hill, which is one mile west of the Works and a familiar landmark to travellers on state Highway 1. The geological structure of this deposit is involved, having intensive and irregular earth movements interpreted as large scale slumps where older rocks overlay younger rocks - numerous folds, faults and overthrusts are clearly visible.

Jan 1, 1978

By Rashkovski GB

Until recently amalgamation has been the main process forextracting large gold particles from gravity concentrates obtainedduring the dressing of ores and placer gold deposits.Development of new technology for treating the gravityconcentrates was necessary because of the harmful effect ofmercury on subsequent production processes and theenvironment. The harmful effect of mercury is particularlyevident in the resin-in-pulp process that is widely applied inRussia.

Jan 1, 1993

The Western Australian Mineral Sands Industry has tried a number of different mining methods to efficiently exploit the potentially very large reserves of mineral sands in this state.The size of the operation, the location, the type and composition of the orebody contribute towards the choice of current mining techniques.The methods applied to these areas are described as well as reference made to other techniques which will . make possible the exploitation of lower grade reserves.

Jan 1, 1986

A vigorous seismic and drilling programme has been conducted over.ar area of .59000 square miles in the Roma district during the last three years. The work is Mill' in progress and although many new geological concepts have been discovered, he subsurface geology is not yet finalised. D.atailed examination has shown many variations of .section, has established the general basement trends and sedimentary thicknesses, has shown that much more of the section is marine than previously thought ~nd has indicated that any reservoirs throughout the section could be potential oil ind/or gas producers if suitable traps are located.

Jan 1, 1962

The valuation of resources companies is open to a huge amount of subjectivity. Not only are valuations subject to fast changing assumptions, such as commodity prices, exchange rates, ore grades, etc., but there is also no common agreement on the methodology to be used. To borrow from Malcolm Fraser, life wasn't meant to be easy for the resource company valuer. I will demonstrate three recent examples of valuations carried out but where the market or actual transactions done show very different results.

Jan 1, 1989

Although the 'exi'stence of bauxite in Australia has been known for many years it is only recently that exploitation has commenced.. of the two most' important` deposits, strangely at almost diagonally opposite tips of the continent. Recognition of the importance. of the bauxite in the South/West corner came about initially through the efforts of a well-known Australian mining company which,` with some outside financial help, tackled the early exploration with commendable foresight and courage.

Jan 1, 1964

By Johnson M, Gaudin A

With the advent of Computer aided mapping and surface modelling techniques Geologists and Engineers have had to become familiar with the capabilities and limitations of these systems to effectively use them. In this paper we will trace a short history of the rather rapid progress in this area. From this historical perspective we will make some observations and use these to guess at what the future holds. We hope that this paper will assist in clarifying the develop- ments in computer assisted mapping and modelling and promote thought on how these techniques may be best applied to the problems of the Mineral Industry.

Jan 1, 1983

The reasons for including treatment of water in Whites and Intermediate open cuts in the overall rehabilitation strategy are given in the introduction. The target quality of the treated water also is discussed. Equipment selections are reviewed and reasons given as to why certain choices were made. The differences between this plant and an ore dressing mill are highlighted. An outline of the operating procedure is included along with a basic flowsheet. Cost estimates are briefly Discussed.

Jan 1, 1984

By Hongzhen Yu, Xiaoping Ma, Jiansheng Qian

The paper introduces the design of an Intelligent Managerial Attendance Machine (IMAM) for coal mines. In the system, data communication is carried by Optical fiber communication, including industrial control computer on the ground and the car

Jan 1, 1998