Search Documents

By Goldie R

The use of options theory in business has become well established in recent years and is currently one of the most exciting areas of current finance research. The theory can be used to value levered firms, and streams of contingent payments. This technique also has very practical applications in the areas of capital investment analysis and the valuation of equities in the natural resource industry. The use of options theory has been well accepted and used for many years in the trading of commodity options and futures contracts, in banking and insurance and in other industries. It also can be used to value such diverse contingent claims problems as the income tax liabilities of the firm and share underwriting agreements.Its application to the more complex options, such as those present in the resource industry, is only now becoming known. This lag is, at least partially, due to the difficult mathematics involved in solving complex options problems. Another factor is the almost overwhelming abundance of uncertainties, such as grade, tons and other natural risks, which must be considered in the evaluation mining projects.

Jan 1, 1990

X-ray analysis of polycrystalline powder samples has grown beyond its roots in the world of laboratory research and is now regarded as one of the most powerful industrial process-control tools in the field of building materials. This is the key to characterise the element and crystalline phase composition of the material. This is due largely to the development of industrial X-ray analytical systems such as PANalyticalÆs twin solution, which has transformed the advanced analytical techniques born in the laboratory into a robust, workmanlike and easy-to-use tool for todayÆs heavy industries. The increasing use of alternative fuels makes the Bogue method less reliable. Therefore, the real phase quantification by the Rietveld method is the only choice. Additional fine-tuning of the Rietveld method by using alternative methods guarantees the most accurate quantitative results. Moreover, the recent development of ultra high-speed X-ray detectors allows for æon the flyÆ quantitative X-ray diffraction analysis and a truly interactive process and quality control.

Jan 1, 2008

By van Eck M, Orr T, Eggleton R. A, Taylor G

The Charters Towers locality has been a historically renowned gold producing region and discovery of new ore deposits during the past decade have renewed exploration interests in the area. Further mineral exploration with conventional techniques is hindered by the presence of Cainozoic sedimentary deposits and volcanic flows overlying a major portion of the basement geology. Mineral exploration thus warrants new, innovative and cost-effective methods to probe beneath the Cainozoic cover in an attempt to discover new orebodies. There is growing awareness of the role of weathering as an agent of chemical dispersion into the cover sediments as well as a producer of supergene deposits in tectonically stable cratons (Butt and Zeegers, 1992). Consequently, landscape evolution coupled with regolith geochemistry is one of the methods increasingly being used to identify relevant sampling media to explore beneath weathered cover sediments and deeply weathered bedrock terrain (Anand, 1993). The aim of this paper is to describe and elucidate the regolith - landscape features of the region and combine geochemistry to assess the pertinence of the same on mineral exploration strategies in the Charters Towers area.

Jan 1, 1997

By Abdalla MH

The deformation resulting from the presence of a tunnel may signifcantly affected, nearby structures and need to be considered during design of both tunnel and structure. The aim of this paper is to study the effect of different factors which may affect the interaction between the tunnel and the str- ucture. These include; the depth of both tunnel and foundation level of the structure ( z and t ), distance between C.L. of tunnel and loads, breadth of the loaded area, Diameter of tunnel and lining of the tunnel. The problem is studied as a two dimensional plane strain model by the boundary element technique. The results of this study indicated that the presence of a cavity/tunnel increases, in general, the vertical displacement on the ground surface and at the foundation level as well as the horizontal and vertical stresses in the cavity/tunnel level. The effect of eccentricity is increasing as e/D decreasing. For pile foundation there is a quite different- influence of the presence of cavity/tunnel in both cases of friction pile and end bearing pile type of foundation.

Jan 1, 1987

Violarite, (Ni,Fe) 3+x S4, is a ubiquitous secondary mineral in the supergene alteration zones of massive nickel sulphide deposits in Western Australia. It is formed by the pseudo- morphous replacement of pentlandite, pyrrhotite and/or millerite, and retains the textures typical of these precursors. Although the composition of the first-formed violarite is related to that of its precursor, supergene enrichment results in an increasing nickel:iron ratio toward the top of the supergene profile. In pentlandite-pyrrhotite ore, the replacement of pentlandite by violarite releases some nickel, which is consumed by the partial conversion of the pyrrhotite to iron-rich violarite. In pentlandite-millerite ore, on the other hand, the pentlandite, on conversion to violarite, appears to release excess iron that participates in the partial conversion of millerite to nickel- rich violarite. The characteristic textures exhibited by the secondary violarite and its replacement products in supergene and gossanitic deposits overlying massive nickel sulphide ores generally enable the original mineralogical compositions of the primary ores to be inferred.

Jan 1, 1973

By Tullemans FJ

This paper describes the general approach to ore reserve estimation and mine planning used at the Kidston Gold Mine. The geological setting and exploration is briefly summarized for background information.A geostatistical study of the deposit was carried out to determine the geological ore reserve. This was confirmed using a manual polygonal technique. Optimum pits outlined by a Lerchs-Grossman open pit design algorithm were manually smoothed allowing mineable reserves to be calculated. Mine production schedules based on kriged block grades and tonnages are continuously updated using production blasthole assays. An arithmetic mean technique of block grade estimation has proved successful to date. After milling approximately 4.9Mt of ore, the mill grade of 2.13g Au/t is only 0.5% above the mine estimate of 2.12g Au/t. The difference in contained gold between "As staked" blasthole reserves and kriged mineable reserves is 3.8%. The application of blasthole kriging as a basis for ore/waste classification in erratically mineralized areas is being evaluated. Planned future developments are briefly mentioned.

Jan 1, 1986

By Durucan S

Uncertainty due to spatial and temporal variability of different pollutants found in soil, water and air is an important issue in the modelling of environmental impacts. Recognition of spatial environmental patterns is relatively straightforward to achieve by applying most of the well-known artificial neural networks or adopting a stochastic approach. However, it is the temporal component of the environmental variables that makes modelling of the environmental pollutants particularly complicated and challenging. This paper presents the results of a case study investigating the artificial neural network performance when modelling the spatio-temporal behaviour of environmental pollutants. The test case involved the modelling and prediction of the distribution of water quality indicators along a river from the point of discharge of treated mine effluents. The behaviour of river water quality indicators is rather complex and shows a lot of fluctuations due to a number of hydrochemical, hydrobiological and hydrodynamic factors. Results obtained in this study indicate that artificial neural networks provide a very powerful and robust method for simultaneous modelling of spatio-temporal behaviour of environmental pollutants.

Jan 1, 1995

By Emerson D. W

The search for economic mineral deposits is becoming more difficult as exploration goes deeper in the established mining camps and spread out to the surrounding covered areas, which may have an `overburden' some hundreds of metres thick. Geophysics is finding an ever increasing role in such exploration. When the target is zinc, the task often becomes even more difficult since sphalerite, the most commonly mined mineral, is non-magnetic, resistive, and relatively light compared to other sulphides. Fortunately, sphalerite commonly occurs in association with other sulphides, which are magnetic and/or conductive and/or heavy, thus most zinc-rich orebodies have at least one contrasting physical property to aid exploration. This paper presents the physical properties of sphalerite and other potentially important zinc minerals. Results of petrophysical measurements of samples from various zinc-rich ores are presented together with examples of geophysical surveys over a number of zinc deposits. The results show that the physical properties are not merely dependent upon the properties of the orebodies' constituent minerals. For example, the small (0.4 Mt) and low-grade (five per cent Zn + three per cent Pb + two per cent other sulphides) Flying Doctor deposit at Broken Hill, New South Wales (NSW) is much more conductive than the large (3+ Mt) and high grade (14 per cent Zn + five per cent Pb) Cadjebut deposit in Western Australia (WA). In the former case, tectonic stresses have

Jan 1, 1993

Modern, high-output, continuous process plant requires heavy capital expenditure and is exroected to achieve a high rate of return upon the investment made, thus its high utilisation is an economic necessity. Downtime is extremely expensive not only in terms of idle capital but also in terms of lost production and revenue. A sound maintenance management system can alleviate the problem of unscheduled stoppages and a key document in the maintenance system is the Work Order because it both initiates work and conveys maintenance control information back to the administrator. This key document must be supported by an information base that provides technical data, job procedures, spare parts, history and costing. To be effective this information must be easily and immediately available to all concerned. Computer technology has developed extremely rapidly over the last ten years and with it a wide variety of on-line computerised maintenance systems. Selection of the most appropriate system for a given industrial plant is not a straight-forward process. Computer requirements for hardware and software must be matched to the requirements of the maintenance system and such matching must be carried out in an ordered and rational way. At Kalgoorlie Nickel Smelter, time was taken to review the existing maintenance system, select, study and test the new computerised maintenance management package and plan its implementation. As a result, the initial target of equipment recognition has been achieved on schedule and within budget.

Jan 1, 1987

By D E. Langberg, D R. Swinbourne

The past century has seen the development and commercialisation of many new pyrometallurgical processes based on gas injection. The driving force behind this trend in smelting and refining technology was the increased productivity and resulting increase in capital utilisation achievable. However, measurement of system variables is not easy and their effect on the rate of the reactions involved is not well characterised. One of the critical parameters is the gas-liquid interfacial area produced by gas injection. Related variables such as bubble size and velocity, and gas hold-up fractions in aqueous systems have been measured using combinations of physical (visual, audio and electrical) and chemical techniques. Models have been developed relating interfacial area to physical properties and operating variables and attempts made to extrapolate these to high temperature, liquid metal systems. The only attempts at validation of these models have used either low temperature liquid metals, such as mercury or WoodÆs Metal, or operating plant data. This paper reviews existing knowledge of the effects of system variables on total interfacial area in gas injection systems. Interfacial area is calculated from a range of published experimental aqueous and liquid metal systems and used to assess existing models. An operating region diagram was developed to assess dynamic similarity between experimental and industrial systems. It highlights areas where further research into both measurement techniques and experimental system variables is required in order to extend knowledge and guide further technical and design advances into the 21st century.

Jan 1, 2000

The difference between a hypothetical and a theoretical approach is considered and the advantages in using a hypothesis is discussed. Virgin horizontal stresses play an important role in stabilising strata which bridge across an excavation, and reduces the tensile stresses which develop in a beam subjected to bending. Simple formulae are deduced for the bridging of a thick massive stratum under such conditions. At shallow depths, tensile failure on the upper side of the beam is the most likely cause of fracture, but below a certain depth this gives place to compressive failure on the underside, with the possible incidence of rock bumps. The presence of strong massive beds delay the onset of subsidence and may restrict the width of the subsidence trough. If the material involved in the caving is strong, this will reduce the final subsidence, especially at shallow depths. The British regulations for the control of aquifers and their dependence on the strain developed at the seabed are discussed. As an alternative, the concept of a disturbance factor is introduced to permit the consider- ation of aquifers at depth, leading to an explanation of the make of water on the first faces to be mined in the Selby Coalfield. 'Elie paper closes with a brief consideration of the different roles played by longwall face supports in the control of readily cavable strata, and the control of strong beds which hold up in the waste.

Jan 1, 1986

By J Wu

Swirl Flow Technology (SFT), a novel approach for agitation in large industrial slurry tanks, was jointly developed and patented by CSIRO and Queensland Alumina Ltd (QAL). Currently, SFT is used in 16 alumina precipitation tanks at QAL, with the first installation in January 1997. This paper provides insight to the underlying fluid dynamics, which were investigated through pilot-scale experiments. A key finding was that SFT produces tank wall velocities approximately four times that of conventional draft tube agitator systems for the same power input, whilst for solids suspension, much less power is needed. SFT is energy efficient and practical in scaling suppression as demonstrated by the full-scale experience at QAL.

Aug 8, 2011

By Ballantyne GH

The Ladolam gold deposit on Lihir Island, in Papua New Guinea, is a large disseminated gold deposit hosted by hydrothermal breccias. The deposit occurs in the cupola zone of a 350,000 year old monzonite stock which is emplaced in the collapsed caldera of a shosho- nitic stratovolcano.

Jan 1, 1987

By J Khosa, J Manuel

Iron ore sintering is very complex with many interdependent variables. For the same ores, the sinter quality and sintering performance may vary significantly with the scale at which the sintering tests are conducted. Therefore it is important to understand the effect of test scale on sintering performance and sinter quality while interpreting the test results. In this paper, different scales of iron ore sintering research at CSIRO are described and compared. This is followed by the results of two sinter blends tested at different scales. The results are compared and correlated to demonstrate the benefits of iron ore sintering research at the laboratory (4 g), small (5 - 8 kg) and pilot (55 - 140 kg) scales.

Jan 1, 2007

By Ingham PD

Selection of equipment for a mining operation, such as Mount Isa Mines, requires certain parameters to be correctly defined. Management control is essential for monitoring, improving and future purchase of equipment. Some research is being done independent of supply manufacturers. Observations about future outlook are made.

Jan 1, 1982

An approach to underground mining of shallow dipping, thick seam coal is proposed in broad outline. The method is based upon overhand slice and fill, with hydraulically emplaced washery refuse as the filling material. Likely fill behaviour and character- istics are discussed and likely problem/investigational/ research areas defined.

Jan 1, 1976

New Caledonia is a major metallogenic unit of the south-western Pacific Rim. Its mineral production is of world significance and it has an unusually well diversified mining history. New Caledonia's main metallogenetic potential is, however, associated with its unique ophiolitic complex and its important mineral- izations of nickel, chrome, cobalt and iron. Gold has been found in all the four basic tectonic elements of New Caledonia: the Central Massif, the West Coast basalts, the ophiolitic complex and the Caledonian North. Some analogies are attempted. Only the Caledonian North has supported mining operations (213 kg Au). More recently tenuous gold indications have been found within the ophiolitic complex, possibly associated with Oligocene plutonism.

Jan 1, 1987

The economics of gold differs from that for base metals mainly because a large component of gold demand is investment or stock demand whereby the metal is purchased and stored for monetary or anxiety motives rather than fabricated into industrial products.The second major component of gold demand is fabrication, principally into jewellery but also, to some extent, into industrial products.Supply to the Western private- gold market comprises non-Communist mine production, Communist sales (chiefly from the USSR), and, finally, net sales by the Western Central Banks, which have total stocks of about 35,000 tonnes and which are sometimes net buyers as well as sellers.The different components of demand and supply fluctuate from year to year.

Jan 1, 1984

The Bureau of Mines, with a history of mining research since 1910, still seeks improvement in safety and health along with improvement and competitiveness in the mining industry. Much promise of such improvements lies in new technology, and this is particularly the case in the still growing coal mine sector, although much Bureau research is long term, high risk, aimed at new concepts.The miner's environment is a primary concern, involving technologies of contaminant monitoring and control in high production scenarios. Contaminants arising from diesel use, alternatives to high speed rotary cutting and more efficient dust removal are being addressed, and drilling efficiencies, better monitoring through unitising operations and insitu rock dust monitoring are particular features.

Jan 1, 1991

By Mould GR

Gas drainage has been practiced for many years mainly for safety reasons in various countries in Europe, in the U.S.A., the U.K. and Japan. Legislation has been developed to control the production, transport- ation and utilisation of methane and associated gases. Gas drainage is now being carried out at some Australian Collieries, but as this is a new venture little specific legislation is available. This paper briefly describes the drainage methods and legislation applied overseas, gives a brief history of gas drainage in N.S.W. and indicates the deficiencies of the present legislation. It outlines the approach to new legislation which will deal comprehensively with gas drainage operations and utilisation in New South Wales.

Jan 1, 1982