Search Documents

The accurate estimation of ore reserves is the most crucial element in a financier's assessment of the risks associated with funding a mining project. It is crucial because any deficiencies in the estimation of a company's ore reserves will be later reflected in the cash flows derived from the production and sale of the commodity. Bankers must rely on the advice of members of your institute in assessing the quality and quantity of reserves. This information helps determine the cash flows which bankers use in their credit making decisions. It is against this background that this exposition has been prepared on "what bankers require in ore reserve statements" or put another way, "what does a bank require in ore reserve statements in order for it to provide the necessary credit Approvals".

Jan 1, 1987

An asymmetrical floating point Array Processor is a special-purpose Scientific Computer which operates under asymmetrical control of a host Computer. Although an Array Processor can receive fixed point input and produce fixed point output, its primary mode of operation is floating point. The first generation of Array Processors was oriented towards time series information. The next generation of Array Processors has proved much more versatile and their applicability ranges from Petroleum Reservoir simulation to speech synthesis. Array Processors are becoming commonplace in Mining, the primary usage being construct- ion of grids - by usual methods or by Kriging. The Australian Mining community is among the world's leaders in regard to computer-assisted Exploration and Exploitation Systems. Part of this leadership role must be providing guidance to Computer vendors in regard to current and future requirements.

Jan 1, 1983

By Seshold P

The cost of capital is the rate at which a project's cash flow should be discounted to obtain the Net Present Value. The cost of capital is a weighted average of both debt and equity funds of a company, on an after tax basis. Two methods are described for calculating a company's cost of equity, the Dividend Valu- ation Model and, more importantly, the Capital Asset Pricing Model. A worked example is presented where the cost of capital was obtain- ed for two resource companies. The application of the cost of capital was illustrated by way of a mining equipment replacement problem. The paper outlines refinements and problems that may be encountered with the use of the cost of capital, and concludes that it is an integral part of any project evaluation.

Jan 1, 1983

By Henley S

The year 2000 is not very far ahead - only five years. It should not be hard to forecast what will happen between now and then, because the technologies that will be in practical use then should all be at least in embryo existence now. There has been a historical trend for the mining industry to work ever more difficult and ever more marginal deposits. There are clearly a few exceptions and major discoveries, but the industry is becoming heavily dependent, at both the exploration and the mining stages, on technological innovation to retain acceptable profit margins. With the new exploration and mining technologies come requirements for additional computing support. Computing technology further allows the potential integration of a wide variety of different types of data to help the explorationist to build and test exploration strategies, or to help the miner to design and schedule mining operations.

Jan 1, 1995

Plenary Address Zinc is a trace element in all igneous rocks and its background geological occurrence roughly follows iron but at much lower concentration. Living matter reflects this abundance and zinc is an essential trace element for complex life forms. Thus, environmental issues include zinc deficiency in soils and/or water - and thus in local diets - and zinc toxicity evident in natural or modified ecosystems. Increased knowledge of the role of zinc in plant and animal metabolism emphasises the need to manage, within guidelines based on naturally occurring abundances, the concentrations of zinc in water, spils and in the food chain. Although recognition of the natural variability of zinc concentration provides some basis against which environmental protection standards might be set, the measure of environmental `pollution' is more commonly taken as the degree of change to natural, background levels, attributed to the particular land or water use activity. Environmental constraints on mining, processing and usages of zinc may have less to do with actual

Jan 1, 1993

Although few people know of it, Woodlark Island produced a relatively large quantity of gold in a short period at the turn of the century. Deaths of miners, enticement to richer fields elsewhere, and world wars have contributed to the abandonment of these gold fields to their present obscurity. In the mining boom, companies were formed, amalgamated and bought-out in a flurry of activity but present records are incomplete. The main sources of information are annual reports of the Department of Land Surveys and Mines in Papua, a few geologists' publications (notably Pinder,1901; Stanley, 1912, 1923; Trail,1967) and a variety of unpublished data. The first traces of gold in New Guinea were'found by Saavedra in 1528. The first gold in Papua was found near Port Moresby in 1878. The next discovery was at Sudest Island in 1888 followed by Misima Island in 1889 and Woodlark Island in 1894. By 1910 the "Murua Goldfield" (Woodlark Island) had contributed over 43% of the total gold yield of the Territory of Papua.

Jan 1, 1987

Arising from prospecting success, the underlying worth of the shares of a publicly listed mining exploration company can increase many-fold. Prompt and accurate reporting during the exploration stage is therefore essential. While there is scope for varying degrees of optimism or caution in statements about the future economic prospectivity of a mineral deposit which has been discovered, the directors of a mining exploration company have both a legal and ethical obligation to keep their shareholders and the general public fully informed as to the state of progress of, and significant factual results arising from its exploration efforts. Suggestions are made as to the desirable form and content of exploration reports up to and including the time when the orebody has been delineated in terms of assured tonnage and grade. The benefits which will flow from this greater disclosure are discussed.

Jan 1, 1979

The Liddell longwall equipment consists of 118 four leg supports, a shearer and armoured face conveyor of 170mm length. The equipment was supplied to Coal & Allied Operations Pty Limited (Coal and Allied) by Westfalia Australia Pty Limited (Westfalia). The project commenced as a feasibility study in 1983, a proposal was put to the board of directors in March 1984 and a specification distributed. Nine companies tendered for the supply of a longwall face and the supplier was selected from a short list of four companies. At the same time Coal & Allied examined the facilities at Liddell Colliery and decided to upgrade the conveyor belt system to cater for the high production from a longwall face. The surface facilities, transport system, water and electrical supplies to the colliery were also to be upgraded. During the twelve months to December 1985, the colliery was upgraded while the longwall equipment was being manufactured. The manufacturing process involved roof support testing, compatibility testing and finally a build up of 40m of longwall face

Jan 1, 1986

The Key Centre for Mines consists of the School of Mines of the University of New South Wales and the Departments of Geology and Civil and Mining Engineering of Wollongong University. The Key Centre for Mines/International promotes, markets and develops overseas activities in applied geology, mining engineering, mineral processing and extractive metallurgy specifically in response to the perceived needs in the region for mineral resource and other related earth-science based development. the Key Centre for Mines/International will be involved in the overseas marketing of formal courses; special training activities such as short courses and in-house programs; technical and educational consultancy; research and development projects, and in the establishment of regional links through twinning, exchange and various network arrangements with other organisations in the region. Activities which are now being developed include a training program for Korean mining engineers and geologists, teaching and curriculum development in the Mineral Resources Engineering Faculty of the University Sains Malaysia and a staff development proposal for the Department of Geotechnology of Khon Kaen University, Thailand

Jan 1, 1990

By Ngai WCT

Over 90 per cent of the explosives in Hong Kong are used in civil engineering works. The Hong Kong Government controls all explosives and delivers on a daily basis to each site which it has licensed. Such deliveries need to be arranged the day before actual delivery. With the vagaries of the traffic in Hong Kong, contractors do not necessarily know the time of arrival of explosives. Contractors in general would like to reduce their exposure to these potential delays and the high cost of explosives deliveries. The high population density and urbanisation means that rock blasting has to be carried out in close proximity to other property. In order to protect life, property and utilities, it is not only necessary to employ proper blasting techniques but also to adopt effective safety measures. The Route 3 Advance Earthworks project is located on the north-west corner of Tsing Yi Island, Hong Kong. It is one of the Airport Core Programme projects for the new Chek Lap Kok Airport. Secured by Leighton Contractors (Asia) Ltd in early-1992, the work commenced in May of the same year, with completion and handover to the Hong Kong Government in May 1995.

Jan 1, 1995

Thrusting is well documented in the Finisterre/Sarawaget moun- tains, the Kainantu-Waf district and in the Highlands between the Kubor Anticline and the Ramu Valley, Papua New Guinea. The thrusts trend NW and involve rocks ranging in age from Permo-Triassic to Plio-Pleistocene. Evidence from the Finisterre/ Sarawaget mountains demonstrates that a major phase of thrust- ing commenced in Pliocene times and continues today. Palaeostress analyses is a sensitive technique for assessing the kinematic history of faulting. The picture gained from the Finisterre/Sarawaget mountains, the Kainantu district and be- tween Kundiawa and Keglsugl is simple, involving a north to northeast ol. Local complexities between the upper Chimbu Valley and Brahmin indicate extension on a NW-N trend. The simplicity of this anlaysis, which accords with seismic and geo- detic strain data, shows that the major faulting in Papuan Orogen is no different from that in the Papuan Fold Belt; that the Papuan Orogen and the Papuan Fold Belt together form a young thrust- fold complex; and that such structures as the Kubor Anticline may be fault-bend folds. Recognition of the obduction of the Finisterre/Sarawaget reef/ volcanic complex over the Australian plate, the gas seeps in the Ramu Valley and foothills of the Finisterre/Sarawaget Mountains, oil seeps in the Goroka and Kundiawa regions, and our interpre- tation of the PNG Orogen as part of the Papuan Fold Belt indi- cates unexpected probability that the PNG Highlands are pro- spective for hydrocarbons.

Jan 1, 1997

By P G. Fuller

The Woodlawn Mine near Canberra faced the challenge of poor ground conditions from the commencement of underground operations 1987. Talcose shears bounded the dense massive sulphides on both the hangingwall and footwall side of the orebody. In another area the talc existed not only on the edges of the orebody but through out it as well. The country rock was relatively weak shales compounded by a low stress environment that allowed the wall rocks to fall apart quite easily. The challenge for the operators was to overcome the poor ground conditions. This was done by attacking the problem from three directions:technology, how technology is applied, human relations and leadership by all levels of the Management team, and by ensuring that these processes meshed together well.Woodlawn in it early days as an underground mine enlisted the assistance of BFP (Formerly Barrett Fuller and Partners) as a second set of eyes to assist with the assessment of the ground control procedures. The results are discussed in this paper. The progression to this end result included:non-contract payment systems; ground control training for the full range of mining personnel; the development and enhancement of cable bolting and shotcreting equipment; the development of Practical Standard Work Procedures by mine operators; and innovative use of shotcrete and cables bolts to control extremely poor ground conditions.

Jan 1, 1998

By Lysnar R, Horswill M

Since the introduction of the pocket calculator, electronic measuring equipment, lasers and computers, the mine surveyor's approach to his work has changed. Where he once used steel bands he now uses infra-red, visible light or radio waves. The reading and storing of angles is done automatically and he now has to be familiar with the facilities that a computer can offer, instead of plotting and calculating manually. This highly sophisticated equipment is continually being upgraded, modified and fine tuned. This paper will attempt to highlight some of the equipment at present in use by the surveying profession and research currently being conducted by the WA School of Mines. The various options in EDM will be considered including the latest unit capable of measuring distance without the benefit of a reflector, thus enabling the surveyor to co-ordinate points that were previously thought inaccessible. The School is currently working on changes to the GAK1 Gyro Theodolite which may improve results and enable the operator to have more control and confidence in his observations. Areas under consideration are improved lighting, binocular viewing and interfacing the instrument to a stopwatch. In the last few years the computer is being used not only for surface pickups and control but also for underground work. We will highlight the underground options in this area and the software available.

Jan 1, 1987

Urban railway systems need high invest- ments, especially if their routes and stations have to be placed in the subsurface. In the FRG the construction and equipment cost of urban underground railway systems are in the range of 60 to 100 Mill DM per km tunnel. For this reason, track sections on the surface and on elevated structures are used as far as that is possible. Considering whole systems, the costs are in a range from to 45 Mill DM per km length for a metro system with about 80 % of its tracks and stations in tunnels and from 20 to 25 Mill DM per km for a light railway system with about 25 % subsurface infra= structure. The amount of route lengths in tunnels depends on the size of a city, the situation regarding above ground structure and free space on the surface, the level of service quality which has to be achieved with the railway system etc. Despite of the urgent needs to improve the transport conditions there very often arise doubts if an urban railway system is really necessary and can be justified in an economic sense. The experience from many cities around the world shows, that there arise a lot of benefits from urban railway systems, especially with larger sections placed under- ground. They are to be found in the interests of the operator (f.e. operating costs), the user (travel time, quality of service etc.) and regarding social aspects (environmental protection, accidents, consumption of energy Etc.).

Jan 1, 1987

By G Gibson

Realising that current roadway development performance levels were unlikely to sustain new generation high-capacity (15 Mt/a) longwall mines then being planned, the Australian Coal Association Research Program (ACARP) established a Roadway Development Task Group (RDTG) in 2005 to develop a research strategy targeted at improving roadway development performance in Australian longwall mines. The initial phase of the project identified a number of factors that differentiated best practice mines from others, and proposed a multi-faceted research strategy encompassing both short- and long-term research initiatives, including:conducting regular benchmarking studies across the industry to identify factors contributing to improved performance and to monitor performance trends,conducting regular industry roadway development operatorsÆ workshops to facilitate the transfer of successful roadway development improvement initiatives throughout the industry and facilitate networking between development practitioners,development of alternative skin reinforcement and containment measures that would eliminate the use of steel mesh and enable face support systems to be fully automated,development of automated bolting and mesh handling systems that would enable operators to be removed from the immediate face area,development of a body of knowledge of industry roadway development practice,development of a web-based information management system to capture and transfer emerging developments in roadway development practice and technology,reviewing the Australian civil tunnelling and underground metalliferous mining sectors to identify practices and technologies that could potentially be utilised to improve roadway development performance, anddeveloping a new generation high-capacity mining system capable of +10 metres per operating hour for 20 or more hours per day (CM2010). The paper reports on the progress of the above initiatives and outlines strategies to continue the pursuit for improved roadway development performance.

Jan 1, 2008

The past decade has seen a great increase in activity in deep seismic reflection profiling of the continental crust. Some 20 countries have conducted field experiments and the total length of deep seismic profiles surveyed to date is approximately 25,000 km. This total is very large compared to the quantity of such data that existed previously, but very small compared to the total length of seis- mic profiles of the shallow crust carried out for petroleum exploration, which some- times has exceeded 600,000 km on land in one year alone and 1,600,000 km/yr on land and sea. Furthermore, 25,000 km of seismic pro- filing corresponds to exploration of only a tiny fraction of the total volume of the entire continental crust. Thus at this stage of development of the subject, one must be wary of generalizations that are based on these limited data and then ex- tended in scope to include the crust everywhere. The state of the subject is such that virtually every new seismic line reveals totally unexpected seismic fea- tures, a sign that the subject is in its major discovery phase and a warning to the generalizers. Nevertheless, in addition to much new information on deep crustal structure in specific locations, some broad consequences of application of this powerful geophysical technique to a region of the earth not pre- viously explored in this manner are be- coming clear. One is that, as seismic data on the deep continental crust become more abundant and more revealing of complexi- ties, the deep crust can be far better re- lated to rocks at the surface. Conse- quently, the geological style of reason- ing is now being extended from its normal domain of the near-surface to include the deepest crust in a comprehensive story of the evolution of the continents. This change is a subtle but important one and is evident, for example, in some cross sec- tions of the North American Transect Pro- gram, which show surface geology extended in a consistent, though speculative, manner to the top of the mantle. In other words,

Jan 1, 1987

Traditional methods for calibrating the most customisable forms of GyÆs formula for the prediction of sampling variances involve a large amount of experimental work. This work is often extremely sensitive to outlier treatment and often relies on assumptions. A general methodology called æthe consistency methodÆ, however, has proven efficient in guiding these critical steps and adding objectivity to these subjective tasks. After a quick exposition of its principle, it is shown how it can also be used to reduce the amount of experimental work when dictated by budgets.

Jan 1, 2008

By A Olshina, C Willman, D Moore

GeoScience Victoria has completed quantitative assessments of undiscovered gold endowment in the northern parts of the Bendigo and Stawell Zones. The under cover area in the Bendigo Zone (10 000 km2) is likely to contain approximately 1000 t and at least 290 t of gold in undiscovered mesozonal orogenic gold deposits. For the under cover area in the Stawell Zone (30 000 km2), the estimates are approximately 1200 t and at least 200 t of undiscovered mesozonal orogenic gold. An EXTENDED ABSTRACT is available for download. A full-length paper was not prepared for this presentation.

Jan 1, 2008

By J Szymanski, S Planeta

Extensive rockfill cylinder testing was performed to determine the effect that aggregate size, aggregate moisture, Portland cement, fly ash and cement dispersant addition has on compressive strength of a cemented backfill. In this paper ætwo-level factorialÆ and æcentral compositeÆ designs were used to determine the single and interaction effects that each factor have on the overall strength. The results from the designwork indicated that the per cent of aggregate fines had the greatest influence on the compressive strength of the rockfill cylinders. From the factorial design results, a compressive strength estimation equation was derived, which enables the strength to be estimated, given varying input values.

Jan 1, 1998

That gold will dissolve in sodium hyposlphite solutions is known from the lixiviation of silver and gold ores.The gold will dissolve only in small quantities. According to Stetefeldt, if gold leaf is treated for a time with sodium hyposlllphite solutions of varying strengths solution takes place in every instance, the deviation in quantity being very slight.In order to form hyposulphite double-salts, the gold must become oxidised, the oxygen being derived from the air absorbed by the solution. Consequently, it is the quantity of free oxygen in the solution by, which the reaction is determined, as for one equivalent of gold dissolved one equivalent of caustic soda is set free.

Jan 1, 1901