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The optimisation of capital in the total planning context has broadly two components: ò maximising the efficient utilisation of capital against competing capital demands; and ò maximising the efficiency with which the industry's capital requirements are sourced. This paper focuses on the latter of these two concepts, as I wish to highlight that within the coal industry the inefficient sourcing of capital has resulted in the inefficient utilisation of capital. In discussing the optimisation of capital within the coal industry I would like to outline three fundamental issues which currently impact the industry and its application of capital: Initially, from the perspective of an independent investor, the perceived risk associated with investing in a volatile industry cycle has not permitted appropriate funding structures to be created thus leading to an inefficient utilisation of capital. Secondly, investors seeking out a windfall gain have established a practice of trading in the assets rather than encouraging recapitalisation. And lastly the mismatch of supply and demand leading to the establishment of new projects which include a percentage of offshore investment has fostered an environment of lower returns and subsequently a dilution of capital.

Jan 1, 1991

Prefeasibility planning and cost estimation of conveyor systems has historically been undertaken by comparing fi xed plant transport requirements to that of similar systems in service. This paper describes the development of a prefeasibility conveyor technical design and cost estimation application using Microsoft Excel Visual Basic for Applications (VBA) platform. The application tool known as D-Convey (Dachshund Convey) was developed with the goal enabling the end user: to develop a technical model for conceptualised conveyor systems, to perform economic analysis on the developed technical model, and to conduct a comparative and risk analysis. An Excel VBA based platform was utilised to draw upon both the analytical and graphical capabilities of a spreadsheet. Some of the features of D-Convey system include a revolutionary dynamic graphical help system, known as the 'information pane' in lieu of traditional help fi les as well as the use of familiar graphical user interface elements such as the MS Offi ce 2007 task ribbon. The D-Convey system incorporates material database allowing for mass handling prefeasibility estimation in other industries; it has been validated at a local quarry.

Dec 6, 2010

British Coal has always been a big mining company and its management has been beset with many of the problems one would associate with such an undertaking. These include its accountability to Government, its market vulnerability to competing fuels and to imported coal and its relationship with its workforce but also with its own history and size. As a fragmented private industry up to and including the Second World War, it was starved of capital and its management developed an historic relationship with its workforce which was often counter productive to success. Once nationalised, it contributed greatly to post-war industrial regeneration, investment was forthcoming to reconstruct existing mines, sink new ones and to mechanise production operations. British manufacturing companies contributed to this mechanisation drive, the very success of which drove up production and productivity and against a declining market, contributed to the reduction in size of the industry. Production machinery design evolved in the 1960s with close collaboration between manufacturers and users such that an inevitable proliferation of machinery types and specifications developed to meet local needs. Longwall mining internationally outside Western Europe only became significant in the 1970s. It became apparent that international operators demanded higher levels of plant performance from British manufacturers than British Coal did. This was the birth of the "heavy duty" plant concept. As international performances outstripped our own then British Coal moved in to invest in itself, in this heavy duty. This re-investment commenced in the mid 1970s but only gained real momentum in the 1980s when it became a virtual re-equipping exercise for the whole industry.

Jan 1, 1988

By Cairncross A. A

Papers on technical aspects of the Melbourne Underground Rail Loop project are being presented at this conference or have been presented previously or will be presented at other forums. This paper provides the framework for these papers by presenting the overall engineering tasks. The conceptual design, the special investigations undertaken, the management of the project and the construction development are highlighted.

Jan 1, 1981

The Snap Lake Phase I project initiated a subsampling campaign on the material (kimberlite/metavolcanic/granite) mined and treated for diamonds. The campaign was aimed at determining the optimum subsampling program to subsample the feed to the bulk sample plant (BSP) for the duration of a sampling campaign. This paper describes the application of GyÆs formula for determining the subsample size and other good sampling practices to determine this subsampling campaign. Three main issues are discussed: the use of a hammer sampler to sample off a moving conveyor and the practical experiment to determine the optimum subsampling program; bias introduced by laboratory equipment including two sizes rotary splitters; and variability of the feed material to the BSP over time.

Jan 1, 2005

By D J. Cronin

Alcoa World Alumina AustraliaÆs Huntly and Willowdale bauxite mines are located in the Darling Range of South Western Australia, which places their operations within PerthÆs surface water supply catchments. These catchments supply Perth with its highest quality drinking water. With the decreasing rainfall trend of recent years catchment yields to water supply reservoirs have reduced to such an extent that water use restrictions were necessary in Perth for 2001, 2002 and 2003. Protection of catchment water quality and water use conservation are crucial issues for AlcoaÆs operations within the Darling Range. Alcoa has been conducting bauxite mining activities in water supply catchments since the mid-1960s. During that time Alcoa has worked closely with the relevant State Government water and environmental agencies to ensure that its operations do not adversely impact catchment water yield and water quality. Monitoring and research have shown that Alcoa has the necessary environmental management systems in place to ensure it can continue to operate in a sustainable manner within water supply catchments. AlcoaÆs mines reduced the volume of water taken from public water supply catchments by 24 per cent in 2002, compared with 2000. This success has had an added benefit; Alcoa does not need to develop a new water source for its Huntly Mine. The conservation measures implemented to reduce water use include: increasing water recycling, using chemical additives for haul road dust suppression, conducting water audits, reducing water demand, monitoring water use, promoting water use targets and training staff in water conservation.

Jan 1, 2003

By M J. Pascoe

The performance of 460 stope surfaces at WMC ResourcesÆ Olympic Dam Operation (ODO) has been used to investigate the confidence that can be placed in the Stability Graph Method for design of stope dimensions. A detailed database of stope performance and ground condition information was established for each stope. The database contains all the required stability graph information as well as other factors thought to influence stability, such as discrete major structures, poor shape and exposure time. The performance of each stope surface was quantified by calculating Equivalent Linear Overbreak/Slough (ELOS). The performance of stope walls and crowns was plotted on the supported and unsupported case history stability graphs. Based on this information an ODO design limit of HR = 3.3 x NÆ0.33 has been suggested for stope walls. Walls that plotted above this line were 80 per cent stable, 20 per cent unstable and zero per cent failed. Below the line 60 per cent were stable, 30 per cent unstable and ten per cent failed. Supported crowns that are flat or arched in shape and are not within the influence of major structures can be designed in the stability graphÆs æstable zoneÆ with a strong likelihood of stability. The Stability Graph Method did not reliably predict the performance of unsupported crowns at ODO.

Jan 1, 2005

Delivered by K. B. Gross at the First Ordinary Meeting of the Australasian Institute of Mining and Metallurgy, August 18th, 1952.Mr. President, Ladies and Gentlemen:Confronted with the task of reviewing the progress of Mount Isa Mines Limited, since the inception of the Company 28 years ago, I soon found that effective coverage was a task beyohd me, if I were to confine the address within the limits of time allowable. Faced with the alternative, a summary, that could only fail to -do justice to the subject, I turned elsewherl? for inspiration and found it in Chester Wilmot's book "The Struggle for Europe". Those of you who have read this masterly contribution to the literature of World War II will recall that he takes us, most dramatically, behind the scenes and we learn of the thoughts and ideas that were uppermost in the minds of both allied and enemy leaders at times when decision's that profoundly influenced the course of the war were taken. I felt I could safely follow this rather novel approach to my own problem. Strengthened by the realisation that the technical achievements of the Company have largely been covered over the years, and that the results of our labours are mainly here before you, I have attempted to liven up my modest canvas by going behind the scenes, and have sought to deal with ideas and the reasons for important decisions, rather. than to embark upon a purely descriptive essay.If then, you will bear with me, we shall skip back through the years to the days of struggle that our President's address has so aptly covered, and find that one man's ideas and faith stand out beyond all others. W. H. Corbould must always be credited with having founded the enterprise, for he correctly appraised the potential of the struggling prospect and foresaw what could be done, despite the handicaps of geography, climate and need for heavy expenditure.

Jan 1, 1953

Pilot plant work has played a major role in the process development and design phase of the Iscor Heavy Minerals project. The pilot plant campaigns have been aimed at three process areas, namely primary beneficiation (wet gravity circuits), heavy mineral separation and ilmenite smelting. A process development structure was put in place, and the various pilot plants designed and built. A number of pilot campaigns were conducted during the project phase since 1995, and most of the key objectives were achieved. Various other valuable ælessonsÆ were learnt, and were incorporated in the full-scale plant designs, or used to change operating philosophies, equipment choices et cetera. The cost and durations of the pilot runs were significant, and an analysis indicated that the major risk and technology area of smelting has contributed more than 70 per cent of the total cost.

Jan 1, 2001

By Vassiliev P

Cut-off optimisation, based on the work of Lane (1988), can be used to maximise the NPV (Net Present Value) of a mine by the judicious manipulation of cut-offs and the use of stockpiles. Apart from maximising NPV, cut-off optimisation will ver

Jan 1, 1998

By K Williams

Marvel Loch South Pit has had a number of stages of open and underground mining activities before acquisition by Sons of Gwalia. The historical pit had achieved a completed pit depth of 150 metres and the shaft and decline mine had reached approximately 220 metres in depth using open stope mining methods. The various mining methods reflect the various economics and industry practice at the time. The South Pit ore zones are medium grade (~2.5 g/t) but have a regular geometry and large tonnes per vertical metre. A number of studies have been completed up to a pre-feasibility stage looking at options to extend the pit depth and to lower the unit cost of gold production. The options considered were the re-optimisation of the pit to determine further cutbacks or the innovative use of an in-the-wall ramp. The in-the-wall ramp (tunnel) would permit the removal of the in pit ramp to expose additional ore that was within the footprint of the ramp design and to provide the opportunity to increase the final pit depth. Similar mining method has only been used at Three Mile (Coolgardie, WA) and Chalice Mine (Norseman, WA). The tunnel would serve as a gateway for further extension of the south mine and the central ore zone via underground mining methods. The ultimate depth of the South Pit has been extended to 310 metres below surface and significant additional ore has been recovered. This paper will give an insight into the various studies to optimise the Tunnel mining method, the determination of the various tunnel dimensions, and the phases of mining to arrive at the completed design.

Jan 1, 2003

By Jackson E

The general level of awareness amongst members of the professions that they are faced with an increasing number of claims for breaches of their professional duty was dramatically heightened by the decision of Rogers J. at first instance in Cambridge Credit Corporation v Hutcheson (1985) 3 ACLR when the auditors of the failed company were found liable for breach of contract and faced a damages award of $145 million - well in excess of their insurance cover. No comfort should be found in the fact that this decision was overturned on appeal, for that result rested on the issue of whether there had been a causal connection between the breach of contract which had occurred and the loss suffered rather than on the fundamental principle of auditors' liability.

Jan 1, 1989

By Fisher WJ

The'treatment of the South Alligator valley uranium ores passed through three phases dictated by economic circumstances during the years 1956- 640 In the first phase high grade ores were treated by hand sorting and wet gravity separation for recovery of high grade concentrate to meet a United States Atomic Energy Commission (U.S.A.E.C.) contract for plus 50 per cent pitchblende concentrates. Secondly tailings from the gravity plant and some high grade ores were trucked to Rum Jungle and sold to the Australian Atomic Energy Comm- ission (A.A.E.C.). Thirdly solvent extraction plants were built at Moline (previously Northern Hercules) by United Uranium N.L. (UOU.N.L.) and at the South Alligator River by South Alligator Uranium N.L. (SOA.U.N.L.). These were the first solvent extraction plants designed in Australia, as earlier plants used the ion exchange process for recovery of uranium oxide. The plants were small, indeed the S.A.U.N.L. 15 ton per day plant was possibly the smallest commercial plant known, but they operated efficiently with good recoveries, and were placed on a care and maintenance'òbasis when contracts were filled. Sulphuric acid was supplied in bulk to both plants by the A.A.E.C. from the 30 ton a day acid plant at Rum Jungle. Gold was recovered as a by product of uranium ore from the Moline plant.

Jan 1, 1968

By Richardson F. A

Techniques for flotation optimisation were investigated at Cobar [lines Pty:Ltd., in anticipation of the proposed installation of a computer and on-stream analysis. Successful laboratory and pilot plant tests for flotation performance optimisation using the Simplex Evolutionary Operation Technique (Simplex) lead to a full scale plant test using this method. The index developed for" Simplex response evaluation of flotation performance was based on metallurgical and economic criteria. This index was further modified to minimise the effect of head grade fluctuations. The test program was carried out on one of two parallel copper flotation circuits to allow comparison with normal "manual" operating control, and was conducted for thirty eight shifts. Results from the test section operating under Simplex direction were superior to those obtained using normal "manual" operating techniques and demonstrated the use of the Simplex Evolutionary Operation Technique as a method of reducing reagent consumption in flotation but, at the same time, maintaining satisfactory metallurgical performance. Experience in the use of the technique indicated the need for modifications to the rules of Simplex operations. Modifications were proposed, tested and appeared satisfactory.

Jan 1, 1973

By Crockford GI

Some twelve months of operation at Mount Lyell, using two large diameter ball mills as a two-stage grinding circuit indicated a short- fall in the grinding capability compared with design criteria. Breakage, particularly at coarser sizes, was less efficient than with the previously used grinding circuit comprising a large number of smaller diameter mills. This paper describes both old and new equipment, puts forward the facts as they are presently known, and lists the attempts made to overcome the problem.

Jan 1, 1978

By Quast K. B

Laboratory batch rod and ball milling tests were conducted on samples of Heavy Medium Separator (HMS) sinks from Renison Tin Limited. The product size distributions for this heterogeneous material were very different to similarly sized homogenous material previously reported by the authors. The effects of pulp density on product size distributions were only evident at pulp densities greater than 80 per cent solids. At high solids density, the major weight distribution product peak fell and broadened indicating less efficient breakage, particularly for rod milling. Tin distribution in the ground products was also affected by pUlp density, and there was always less cumulative per cent tin than cumulative per cent weight, ie there was no tendency for cassiterite to slime down to 10/lm.

Jan 1, 1995

The techniques used by the State Electricity Commis- sion of Victoria to handle and store brown coal in the both the raw coal and boiler bunkers are outlined. These tech- niques were adopted in agreement with the science of modern bulk solids handling. By successful balance between practical requirements and bulk solid handling system design require- ments the Commission expects to confidently attain reliable coal flow even for the most adverse of coal flow properties. Attainment of this goal demanded full attention to channel detail selection. An outcome of this attention has been the development of a novel bunker and discharge arrangement for handling extremely difficult to handle coals. Due to the novel features of this slot bunker outlet arrangement it's ad- vantages and disadvantages are discussed.

Jan 1, 1987

By A. W. CAMERON

Over a 4 hr period of steady plant operation samples were taken at regular intervals from points within the grinding and flotation circuits. Size fractions of each composite sample were analysed for lead and zinc values and a comparison made of the behaviour of the lead, zinc, and gangue minerals, size by size throughout the whole circuit.Analysis of the breakage behaviour using dynamic mathematical models gave the rates of breakage of each size fraction of each main component. Simulated grinding experiments showed that the main grinding circuit had some reserve capacity.In the lead flotation circuit all lead values between 150 mesh (Tyler) and 5 microns had excellent flotation characteristics, and a major proportion had a high rate of flotation which was practically the same for all sizes. Increase in overall lead recovery would require improvement of the flotation behaviour of ultra-fine lead minerals. These were slow floating and were responsible for approximately half the lead losses in the final zinc concentrate and one-third of the lead losses in the final tails.All sizes of zinc values between 100 mesh and 7 microns floated well and the performance of the zinc flotation circuit was mainly limited by the relatively poor flotation of the very fine zinc values. Approximately 60 per cent of the zinc lost to the final tails lay within the minus 7 micron fraction.The overall flotation conditions were conducive to very good selective flotation of the major proportion of the values and limitations in metallurgical performance were mainly due to the properties of the ultra-fines.

Jan 1, 1971

By J du Plessis, W Marx

The FutureMine Collaborative Research Initiative has been successfully completed after three years of activity. The main objective of this initiative was to provide applications of research previously undertaken in the DeepMine initiative in terms of realistic solutions to problems facing gold mining operations as they reach for depths beyond 3500 m below surface. The FutureMine initiative was subdivided into four broad streams of technological expertise: rock engineering and seismicity; mining engineering and orebody management; software and communications and ventilation, cooling and refrigeration. This paper presents a summary of research output in this last area of expertise. Broadly, research in mine ventilation, cooling and refrigeration was directed in areas related to the recirculation of air, cyclical use of ventilation and cooling systems, air scrubbing technology, optimisation of chilled water reticulation, obtaining direct cooling at the workface, improving underground refrigeration systems through dry air-cooling and water heat rejection systems and a number of software simulation programs to be used in specific applications and as a tool assisting real-time monitoring of underground environmental conditions.This paper describes in broad terms the outcomes from this section of the research program and proposes ways in which some of these technologies may be combined synergistically in novel systems aimed at maintaining acceptable environmental conditions while reducing the impact on the profitability of operations.

Jan 1, 2005

The inauguration of a geological department for the mines of North Broken Hill Limited necessitated the provision of accurate plans and sections upon which geological facts and projections might be plotted.Unfortunately, the basic data were very inadequate. For the British Section, sill survey plans were available, but no regular stope plans. Filling surveys had been preserved for many stopes, but on innumerable pieces of tracing linen, without heights of any kind, and not altogether reliable (as indicated by the finding of very inconsistent duplicates). For the bulk of the old stopes no plans exist at all. The expenditure of much time and patience has resulted in the co-ordination of most of the existing stope data, but the British Section must for the rest of its life continue to have surprises in store, as has been the case for many years past. Manufacture and preservation of stope records has, of course, been on a sound footing during recent years. No reliable cross-sections of the British Section were available.The Marsh, Junction, and Junction North Sections have for the most part very poor data. In the North Section, level plans were fairly reliable, and cross sections of the lode made for ore reserve purposes have been preserved for quite a few years. No floor plans of stopes were kept, however, until a couple of years ago.Diamond Drill records vary in quality. Practically none exist for the Junction and Junction North Sections. Logs have been kept for the British Section drill holes, but are...

Jan 1, 1940