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This paper provides a financial perspective to the valuation of Australian resource companies and projects. Valuation exercises need, however, to be seen in the broader context of a thorough business appraisal, one that incorporates all disciplines employed in the resources industry. Fine tuning a discount rate or determining a particular capital structure is likely to be less important to valuation than an adequate understanding of industry dynamics and a company's likely performance in future years.

Jan 1, 1989

In the exploration of an area proposed for the establishment of an underground colliery, consideration of all land and mining titles and consents has early priority. Environmental aspects have become more meaningful. Preliminary assessments of previous geological knowledge, together with new geological and geophysical data from surface investigations, condition the decision to proceed with costly diamond drilling programmes. Methods other than fully cored diamond drilling have a useful application in appropriate circumstances. Drilling exploration is conducted in stages of increasing density of-hole spacing to the point where, with holes at 1 km centres, reserves are categorized as measured. The programme is subject to constant review in the light of market changes.

Jan 1, 1976

By G B. Siddall

The paper examines the current state of equipment and circuit design, with reference to Australian practice. Following a review of the changes in milling applications over the last 15 years, developments in mill design are examined. Current issues include trunnion versus shell support; drive type and economic analysis for comparison of the various systems; the efficiency of the mill discharge system for slurry and pebble removal, and lining configuration. Peripheral problem areas such as pebble crushing and classification are briefly examined. Circuit design issues are reviewed. The decision to modify the traditional primary crushed feed is examined with reference to recent and proposed installations. A retrospective look at fully autogenous installations and their successes is presented, and current views on increasing throughput are assessed. Finally, future developments are anticipated in mill design and control, and competing processes are identified.

Jan 1, 2002

An outline of the circumstances giving rise to the current Commonwealth-States con- flict in relation to offshore mineral explor- ation and production is set out, together with an analysis of the Seas and Submerged Lands Act 1973. The bases of the claims by the Commonwealth and the States in this regard are discussed with relation to the territorial sea and the continental shelf.

Jan 1, 1974

By Isaev EN, Levin LE

New data on the geology of the Late Jurassic to Holocene sediments cover of the World and associated mineral resources (oil, gas, ferromanganese nodules, ores of massive sulphides and other metals) have been compilled in the Atlas at scale 1:25,000,000 and 1:10,000,000. The work was performed by scientists from four Institutes of Russia (VNllzarubezhgeologia, VNlloceangeologia, Vernadsky Institute of Geochemistry and Analytical Chemistry of the Russian Academy of Sciences and Geological Institute of the Russian Academy of Sciences). The Atlas shows variation of thickness and formational composition of the large complexes (Upper Jurassic-Early Cretaceous, Upper Cretaceous- Eocene, Oligocene-Neogene, Pliocene-Pleistocene), distribution of oil/gas and ore deposits in each complex, data of deep- sea drilling (leg 1-130), thermo-pressure condition in the sedimentary basins within Circum-Pacific Rim.

Jan 1, 1995

By Shiels O. J

The paper reviews developments in general galvanising in Australia, including a brief history of the industry and its technology. The changes in galvanising process technology are covered, as well as developments in galvanising bath design, materials handling and pre-treatment. Developments in zinc management through the use of aluminium and nickel alloys are discussed. The paper addresses the cost components of general galvanising and relates this to the competitive position of general galvanising against other coatings used for protecting steel. The environmental aspects of the general galvanising industry in Australia are outlined with respect to the utilisation of process chemicals, problems associated with their disposal and developments in filtering and regeneration of process solutions. The current status of the industry is assessed in terms of zinc usage and usage trends. Likely changes in technology which may impact on the general galvanising industry in the future are reviewed.

Jan 1, 1993

By P Cheluszka, M Jaszczuk, P Sobota

This paper refers to a new idea of stereometry of cutting drums of longwall shearers designed to get medium and hard to mine coals. A new way to place picks on a drum enables to readjust a number of picks being in contact with the body of coal to shearer haulage speed. Owing to this a remarkable increase in depth of a cut within the low range of haulage speed has been obtained. On comparing operating characteristics a considerable reduction in the specific energy consumption has been shown when using the units machined as per the new idea, in comparison with the units produced in series.

Jan 1, 2003

By Scott RM

The project management and construction plans adopted by Davy McKee for the Cooper Basin Liquids Project resulted in a project notable for the Relatively short duration from initiation of the design through to liquids production. Two locations were involved, one at Moomba in the far northeast of South Australia some 800 km from Adelaide, and the other at Port Bonython some 40 km from Whyalla. Total expenditure by the owners at the two sites was in excess of $600 million. Matters covered include organisation, transport, construction, industrial relations, project services and commissioning.

Jan 1, 1986

The various functions of public relations are playing an increasingly important part in the activities of the many companies now engaged in oil exploration in Australia.Several of the larger exploration companies, notably West Australian Petroleum Pty.Limited, Ampol Exploration Limited, Caltex Oil (Australia) PtSr: Limited and Australian Oil and Gas Ltd. (and its American Associate Union-Kern), employ staff or consultant public relations specialists. In, most of the other companies now exploring in Australia, public relations are handled within the company, directed from the highest executive level.The object of public relations in.the oil industry is. to create in the public mind an impression favourable to the industry as a whole and'the company -or group of companies with which the public relations officer is associated.

Jan 1, 1962

The mineral resources of Hamersley Iron are structurally complex with fluctuations in mineral chemistry. Besides orebody charact- eristics, mineral recovery is also affected by stringent product quality demands from the competititve steel industry. Under such conditions, a geological ore reserve estimate has little meaning because it is unqualified and presupposes the defini- tion of ore. A system was developed in Hamersley - the Mine Planning Technique - to optimise recovery from available resources. This incremental planning method reduces a geological reserve statement into a simple, logical sequence of events. While there are limitations in the method used, the benefits are enormous. Among its' numerous applications, the schedule - the end product of the technique - plays an important role at Management level in decision making and policy formulation on all aspects of resource exploitation.

Jan 1, 1979

By W F. Bawden, J T. Paynter

This investigation involves laboratory testing and stability analysis of paste fill at the Golden Giant Mine. Site-cast samples are tested in unconfined, confined, and consolidated-undrained triaxial compression. Pore pressures during shear and consolidation characteristics are measured to determine both drained and undrained shear strength parameters and assess the potential for undrained loading. Liquefaction potential is also considered. A limit equilibrium solution is used to obtain factors of safety against failure of the fill during mining of adjacent stopes.

Jan 1, 1998

By D C. Laurence, J Holden

Seafloor massive sulfide deposits contain bonanza grades of gold, silver, copper and zinc metals. The deposits are often found at depths of one kilometre or more. They are characterised by active chimneys or smokers venting fluids at over 300¦C, with extremely low pH values. Mining of these deposits presents risks for both industry and governments at orders of magnitude higher than terrestrial mining This paper briefly discusses some of the core risks concerning the development of SMS mining including: technical, economic, environmental, legal, social, and research and development. Until and unless these risks are eliminated or minimised, the embryonic deep sea mining industry will remain just that, and these deposits will remain a fascinating, unexploited geological curiosity.

Jan 1, 2003

By Miskelly N

Construction of the Ranger uranium project located 230 kiss east of Darwin in the Northern Territory commenced in January 1979. Energy Resources of Australia Ltd (ERA) was incorporated in February 1980 to acquire all the rights in the project. The total cost to ERA of these rights was $407 million, made up of $125 million in cash to the Federal Govern- ment and the issue of 125 million $1.00 shares at par, plus a payment of $16 million in cash to each of Peko-Wallsend Ltd (Peko) and EZ Industries Ltd (EZ).

Jan 1, 1983

By Goode RA

It is-assumed that a pipeline system is economically justified as a means of transportation.. The terms "True Life" and "Economic Design Life" are defined. The most usual design alternatives to be considered from both physical and economic -viewpoints are listed and a summary is given of the main factors to be costed in assessing the relative economics of each alternative. A brief statement of the recor mended method af economic. assessment is given and an example is included. The paper aims to present a reasonably accurate, simple and practical method of considering the main economic factors which govern design.

Jan 1, 1962

It is self evident that in many cases mining disrupts communities, however, community reaction to mining varies enormously. This is due to a whole host of factors, some physical, some financial, some political and some a direct result of the projected mining company attitude towards the community at large. Physical and political factors are increasingly being dealt with realistically and financial aspects are to a significant extent determined by profit margins. If the acceptable profit margin canÆt accommodate all necessary costs (which now includes a variety of community considerations unheard of even a decade ago), then the project is just not viable. Despite major commitments now made by many mining companies to their affected communities, corporate attitudes, and their projection, remain as the most outstanding factor in mining project development where real gains can still be made in effectively reducing social risk. This paper addresses both international and domestic experience gained in managing this aspect of mining development risk, including initiatives implemented by multilateral institutions.

Jan 1, 2003

The new generation Hlsmelt« Direct Iron Ore Smelting Process is a CRA Limited technology initiative. The process development is now focussed on commercialisation. The goal is to have the first commercial vessel operating around the year 2000. The HIsmelt« Process, based on the abundantly available iron ore fines and the more readily available non-coking coals, has the potential to fundamentally change iron ore processing through the application of high intensity techniques to replace the current sinter/coke ovens/blast furnace .technologies. The process will have great potential in the rapidly growing economies of Asia where steelmaking aspirations are based around local market focussed plants. This potential can be. realised as a supplier of premium grade iron units to electric arc furnace (EAF) steelmaking plants or as the front end to an ore based steel mill.

Jan 1, 1996

Grinding is probably the single unit operation that requires the largest capital investment and operating costs in an ore beneficiation plant. Because of that, a great deal of research has been concentrated in the theory, design and operation of grinding equipment, in particular ball mills. To-date, the models developed to describe grinding in tubular mills are macrophenomenological and can be divided into two categories: energetic and kinetic models. This paper presents a new approach to modelling ball mill grinding: The Operational Model. The theoretical aspects of the model as well as a comparison with existing ones are discussed. The concepts of the model, summarised in easy-to-operate PC programs, permit the calculation and design of new ball mills, and a critical evaluation and optimising of mills in operation.

Jan 1, 1993

As the gold price, and consequently ore reserves, improved in the late 1970's, a programme of upgrading the gold recovery circuit at the Phoenix treatment plant at Central Norseman was initiated. The introduction of oxidised ore with a high clay content from the North Royal open cut caused a reduction in thickening and filtering capacities, which in turn restricted plant throughput and increased gold losses in the residue solutions. Test work into alternative washing facilities showed that the installation of a five stage counter current decantation system would restore throughput and reduce soluble gold losses. Installation of the system achieved the objectives of increased plant tonnage, increased proportions of the high grade oxidised ore in the mill feed and decreased gold losses in the residue waters.

Jan 1, 1978

By F Jullian, L Jofre

Many maintenance managers find it difficult to justify investments in maintenance improvement initiatives. In part, this is due to a tendency by mine managers to regard maintenance purely as a cost centre, and not as a process able to influence productive capacity and profit. It is also hindered by a lack of alignment between commonly used maintenance performance measures and key business drivers, and the lack of formal business training amongst maintenance professionals. With this in mind, a model to assist maintenance managers in evaluating the benefits of maintenance improvement projects was recently formulated. The model considers four cost saving dimensions. These are: 1. reduction in the cost of unplanned repairs and maintenance,2. increased or accelerated production and/or sales,3. spares inventory reduction, and4. reduction in over-investment in physical assets and operating costs. This paper discusses the application of this model and a number of numerical examples are given to justify investments in maintenance improvement projects having varying objectives.

Jan 1, 2006

I stand here as a financial advisor who has been particularly close to the whole concept of reporting, independence and all the issues that are brought together in Release 149. However, I was asked to introduce this session by dealing with matters of Prospectuses, Part B's, 3J3's, 12G's and other requirements to report. Now I find it very interesting that one of the keynote issues is whether or not one should have a panel from which one chooses the so-called expert, and this is to deal with the question of independence.

Jan 1, 1989