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Portfolio management tends to separate the functions of Asset Allocation and Stock Selection, so the person responsible for reviewing an expert's report on a company would typically be choosing between companies rather than between a company and cash or bonds. How these choices are made depends on the investment time horizon, philosophy and style. Two styles, momentum investing and value investing are contrasted and the role of valuation methods within the framework of each style is evaluated. Finally, pricing is distinguished from valuation.

Jan 1, 1994

Studying the ore textures in a discrete orebody is a novel approach to estimating liberation potential of the ore minerals present. As part of a PhD thesis, this project aims at classifying and quantifying the textures of the Hilton North orebodies, and at estimating their liberation characteristics.

Jan 1, 1993

By W J. Shaw

Mining operations must become more predictable to overcome the volatility that has characterised the mining industry. Comparisons of production against predictions will become more consistent as mining operations merge and expand, as personnel move from site to site, and as public reporting of reconciliations becomes more prevalent. More consistent approaches are already being seen in the industry using the terminology used in this paper and elsewhere.Examples are provided that show how use of the waterfall chart as a reconciliation management tool can provide objective analysis to improve practices.Geometallurgical modelling is becoming more useful and will continue to do so as we move from a few bulk samples to better interpretation of material properties from geological mapping and drill sampling. Reconciliation has evolved to the stage where predictions of geometallurgical properties to optimise mill performance, and of geotechnical properties derived from better 3D geological models, should also be reconciled.CITATION:Shaw, W J, 2014. Reconciliation – outcomes and expectations, in Proceedings Ninth International Mining Geology Conference 2014 , pp 123–128 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Aug 18, 2014

Diamond drilling was first carried out at Norseman in the Princess Royal Mine, early in this century. Little concentl'ated drilling was done from then until Western Mining Corporation commenced drilling in 1934. Since then Central Norseman Gold Corporation N.L. has continually employed diamond drilling in exploration of the field. After 1946 the advantage was seen of applying broad pattern surface drilling at Norseman in the reef exploration. In 1953, as a result of the steeply rising cost of drilling and the time taken to penetrate surface material by light equipment, heavier drills and new rigs were introduced. The surface drilling programmes called for a greater monthly or annual footage and to satisfy this new techniques were introduced. The Mitchell-21 machines were discarded and A-3000 machines were installed, firstly under a 48 ft. fixed tower, then mounted on a truck with a 20 ft. tower, and finally on a truck carrying a 40 ft. tower. With the mobile units a compressed air compressor is attached. By use of compressed air with either the Reed roller or Hawthorne bit, rate of penetration of overburden is greatly increased. The mobility of the truck mounted machines has greatly reduced the time required to move from one hole to another, and the use of heavier machines on a three shift per day basis has considerably increased the footage per shift. The general result is an increase to 1,500 ft. of drilling per month per machine, while costs have been greatly reduced in spite of increased wages and diamond prices.The underground drilling technique is described. Analysis of performance has not been made because the drillers performance is subject to shaft routine and service.INTRODUCTIONGold was first discovered at Dundas in 1894, and at Norseman, 14 miles north, in 1895. From that tirpe until 1935 mining activity fluctuated. Following the mining revival in 1935, production in the field has remained comparatively stable. This stability in part has been due to the broader scale of operations of Central Norseman Gold Corporation N.L., and in these operations diamond drilling has played an increasingly important role.

Jan 1, 1956

Access roads for haulage, construction or maintenance purposes are discussed with particular attention being given to the un- sealed "all weather" form of construction for Off-Highway applications. The service conditions experienced by the surfaces used in these roads is examined. These conditions are discussed in terms of the conventional engineering properties used for natural gravel material selection. Experience gained during the construction of a pipeline access track is used to illustratE material selection guidelines based on geological input and an understanding of good construction practices. TMITDnIll IrTT Ohl In many Australian situations off-highway haulage by wheel or track supported vehicles is carried on unsealed, gravel roads. Although the unsealed gravel road is the back-bone of the rural road network in Australia, in general, traffic loadings are relatively low compared to the off-highway unsealed haulage road. The cost of the haulage/access road construction component is one important factor in project planning which needs careful consideration. It is no longer acceptable that the initial rough exploration track be gradually upgraded so that it will eventually carry construction and maintenance traffic safely and efficiently. Fatal accidents and

Jan 1, 1982

By J Greberg

This paper discusses the use of simulation in the mine planning process. A case study on the Newcrest Cadia East project is presented, and the challenges and possibilities for using simulation as a tool for mine planning and scheduling is discussed.The simulation study presented in this paper was performed during the project’s prefeasibility stage, and focused on the planning and scheduling of the development of panels in the future mine. The Cadia East project will be the largest underground operation in Australia and the first using panel caving. Simulation was used in order to optimise the development of panels; it was mainly used in order to verify the plans for the development process and allocate resources in an optimal way. The work was performed as an iterative process and adjustments to the plans were made according to simulation results. Bottlenecks were identified and different scenarios were tested.The results from the simulation study shows how different operational constraints affect the planned development process and how changes in priorities can be necessary in order to maintain a high development speed. Furthermore the study shows how changes in planned mine layout requires changed strategies, and how this was solved using the simulation tool.In this paper the authors critically discusses the use of simulation in mining operations: what are the limitations and challenges of using simulation as a tool for mine planning and scheduling, what are the benefits, and what do we aim for in the future?

Nov 22, 2011

By L Clarke, R N. Campbell, F Bourke, J Anderson

Lithological units have been classified geotechnically with mechanical tests and discontinuity measurements from the GRD Macraes Limited, Macraes Gold Project and Rotowaro coal mine open pits, New Zealand. Using these measurements slope stability probability classifications (SSPC) have been quantified based on an adaption of Hack's (1998) SSPC system which places less influence on rock quality designation and unconfined compressive strength than previous slope/rock mass rating systems. The Hack weathering susceptibility rating has been modified by using the chemical index of alteration values from XRF major element analysis. Slaking and weathering is an important parameter in slope stability in the Waikato Coal Measures and Otago schist lithologies and hence a non-subjective method of assessing slaking/weathering in relation to the chemical index of alteration has been introduced. Other major components of this adapted SSPC system are the inclusion of rock moisture content and rock strength anisotropy effects on slope stability. This paper explains the systematic approach of using the adapted SSPC system to classify slope stability probability. The main modifications of Hack's SSPC system are the introduction of rock intact strength derived from Mohr-Coulomb failure criteria which has been adapted for varying moisture content, weathering state and confining pressure. It is suggested that the subjectivity in assessing intact rock strength within broad bands in the initial SSPC system is a major weakness of the initial system. Initial comparison of rock mass friction angles, cohesion and strengths derived from the adapted SSPC are compared with results derived from modified Hoek-Brown criteria, MRMR and SMR classification systems. The advantage of the modified SSPC system is that slope stability probability, maximum batter and overall slope height and overall slope angle for open pit walls can be predicted in addition to orientation dependent and orientation independent stability. Examples are provided, using the modified SSPC system to predict initial optimum pit slope designs in proposed greenfield mine sites.

Jan 1, 2000

By Boyd G. L

Stress measurement is at the core of most stability design analyses. It is demonstrated that contrary to accepted practice, it is the field measurement, and not the calculated prediction, of stress that requires most examination and review. Since it is not really possible to quantify rockmass properties, the stiffness values used in reduction of stress measurements and in subsequent design analyses (either empirical or numerical modelling) must consider an appropriate range of values.

Jan 1, 1995

Myuna Colliery long term ventilation requirements were included as part of the overall planning of colliery construction and underground development. Ventilation, during the simultaneous sinking of two drifts and the downcast shaft, was accomplished by established methods of ducted exhaust and blower fans. Drivages for the 3 seam interconnections of shaft and drifts were ventilated by extension and duplication of the exhaust systems. Ventilation, for the below seam extension of the belt drift, construction of between seam and below seam bins, and the completion of a circular between seam drift, required a step by step changeover to a temporary main ventilation exhaust fan mounted adjacent to the top of the completed downcast shaft. The second, permanent upcast, shaft was commenced and colliery production started one seam at a time, using the transport drift, while the underground bins, belt and between seam drifts were completed. The uocast shaft was completed and a connection made in the upper seam, completing all contract mining and allowing the main fan to be erected. The permenent twin centrifugal fan system was installed, commissioned and test run to

Jan 1, 1983

By Aiming Z, Shenyi S, Xialei W

Zhangmatun Iron Mine is situated in the suburbs of Jinan city. Shandong, China. Because of surface environmental constraints, no suitable site can he selected to dispose of mill waste. The full mill tailings must be disposed of underground. This paper deals with the work conducted at Zhangmatun mine to develop a total tailings backfill system, taking advantage of a double- shaft blade mixer and an activating agitator to prepare backfill. Cement and ground slag are added to tailings for strength development. Two scopes have been filled and the pillars have been effectively mined out during the field trial. The application of innovative total tailings backfill technology is a new concept at the mine. Detailed planning has achieved a close integration of mining, milling and backfilling. Full mill tailings, with or without rock, are disposed of underground in a continuous process to fill, totally and systematically, the cavities formed by mining.

Jan 1, 1998

In May 1977 a new dam was commissioned for disposal of 600,000 metric tonnes/year of tailings. Design basis, costs and construction problems are described. Problems arose, assoc- iated with lack of experience in building such a dam "from scratch". Solutions are described land costs given.

Jan 1, 1978

Chlorination of organic matter by direct injection of chlorine gas or hypochlorite has been investigated metallurgically worldwide with little understanding of the basic chemistry of the passivation mechanisms in- volved. In this paper, chlorination of carbon is attributed to oxidation-reduc- tions, resulting in surface halogenation of graphitic or amorphous carbon. It is proposed that chlorine and carbon interact to form thin coatings of chioro-carbon complexes that block the adsorption of gold cyanide com- plexes, thus passivating the gold adsorption sites of carbonaceous matter. Analytical, spectrographic, microscopic and electron-optical methods have been applied to demonstrate the proposed mechanism of chlorine-carbon bonding, as well as to evaluate the advantages and limitations of chlorination in the pretreatment of refractory carbonaceous gold ores.

Jan 1, 1991

When the writer first saw the square-set timbering, he was at once impressed with the fact that the frames made by the sets, along the lode amI across it, were composed of panels with rectangular openings, and it was puzzling to understand howsuch a collapsible construction could resist pressure that came unevenly on it. Later he learnt that the sets did not satisfactorily resist such pressure, but mullock filling had, to a great extent, to undertake this duty for them. So it appeared that the setswere practically an expensive scaffolding, enabling the miners to work in the face and carry the stope forward, till the filling was put in behind them to take the pressure of the roof and sides of the excavation. Of course some of the pressure is takenby the sets, but this is because the set timbers prevent the filling being done perfectly; if it were practicable to remove the sets before filling, the filling by itself would more effectively support the back and wall, than do the combined sets andmullock. On the whole, therefore, the sets can hardly be said to be of much benefit where pressure has to be resisted. Despite this, the system has been of immense service in mining wide lodes, but for all that, it can only be pronounced a makeshift.This is no reflection on Deidesheimer, the famous originator of the square set, for, as will be shown later on, this way of...

Jan 1, 1911

By Lee M. F

The Lady Loretta lead-zinc-silver mineral isation of north-west Queensland was discovered first by Placer geologists in 1968 as a result of a geochemical soil survey. The stratigraphic position, mineralisation and rock associations of the deposit are very similar to those of the Mount Isa lead-zinc-silver orebodies. Aspects of the exploration history, geo- chemistry and structural geology of the Lady Loretta deposit, are discussed. A geometric model of the Ore Horizon is given.

Jan 1, 1974

By Forssberg KSE

The behaviour of cationic and anionic collector mixtures in the feldspar-quartz flotation system has been investigated througl conductivity, surface tension, zeta-potential and flotation studies. Tht results show the formation of molecular complexes between oppositel; charged collector ions through charge neutralisation. The molecular complexes are found to have a higher surface activity than the individua components. The mole ratio of the mixed composition is found to have, significant effect on flotation. Mole ratio less than unit} (anionic/cationic) of collector mixtures increases the flotation recoveries If the mole fraction of the anionic collector is greater than the moh fraction of cationic collector in a mixed composition, flotation ceases The flotation selectivity principally depends on the inherent differences it the surface charges of feldspar and quartz at the flotation pH values of

Jan 1, 1993

This paper describes operational experience with seam gas and spontaneous combustion management, gained during ten years of production history (1993 to 2003) in the Wynn seam at Dartbrook Coal mine. In addition, comparisons are made with more recent operational experience in the overlying Kayuga seam. Development and retreat longwall operations were undertaken in a 4.0 m thick working section of the Wynn seam, contained within the lower quarter of a circa 24 m thick mega seam, from 1993 until mining operations were relocated to the overlying Kayuga seam in 2004. Production from the first block of the Kayuga seam is currently underway with seam gas and spontaneous combustion management requirements being refined as further operational experience is gained. Seam gas management techniques, including pre-drainage with pressurised fracturing, surface to underground goaf drainage of a carbon dioxide rich seam gas and novel, high capacity ventilation circuits, were employed in the Wynn seam. Ventilation strategies included operating up to carbon dioxide STEL concentrations of 3.0 per cent in segregated return airways rather than being limited to the TWA-TLV concentration of 1.25 per cent. The spontaneous combustion experience at Dartbrook Coal has, to some degree, resulted in a change in the way the risk is managed in Australian coal mines. Values of carbon monoxide make and hydrogen concentrations are profoundly different from previously recommended management plan trigger levels and those used elsewhere in the industry. However, the detection of higher hydrocarbons together with rising oxygen depletion ratios and absolute hydrogen concentrations remain as indicators of advancing spontaneous combustion events. In this respect, experience gained in the Wynn seam was important in the initial management of the shallower Kayuga seam, an essentially greenfield site with no prior operational experience being available.

Jan 1, 2005

By Y Ren

The algorithms employed by the commercial tools are either heuristic algorithm or iterative optimisation of a subsystem. This often results in a suboptimal schedule. In this paper, the author presents a new scheduling algorithm that incorporates with a novel stockpile configuration system, an improved algorithm on multiple processes and a mixed-integer linear programming (MILP) global optimisation model. It can simultaneously optimise stockpiles, blending, multiple processes as well as multiple mines. In addition, it allows the user to interact with the solution to adjust the solution to be practical and desirable.CITATION:Ren, Y, 2013. A simultaneous optimisation tool for open pit mine scheduling, in Proceedings World Gold 2013 , pp 427-432 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Sep 26, 2013

By S Dunham

For decades we’ve been focusing on reconciliation as a tool to validate mineral resource estimates. And for decades we’ve been misleading ourselves. The concept of reconciliation is simple. Predict, measure, compare and assess the quality of the prediction. This four-step process reflects the ideas of statistical process control and the plan-do-check-act cycle of Shewhart and Deming fame and our intuitive understanding of using system feedback to improve performance. In an ideal world where data is robust and dense this type of feedback loop can be useful. In the mining industry however, there are some fundamental flaws with the conceptual framework. At almost every stage of the process from pre-estimation through to final production the mining system is plagued by material challenges with data and measurement quality and quantity, system delays, and losses from a supposedly closed system. These issues can and do impact on the benefits sought from reconciliation. Instead of providing feedback leading to improved estimation, reconciliation can result in poor decisions, distracting investigations, and exacerbate the noise in an already noisy system. Before we can rely on reconciliation as a management tool, we need to address the multiple challenges present in our everyday practices. Some of the most critical issues are addressed in this paper.

May 24, 2023

By A G. L Pratt, M S. Kemp

BHP has used many innovative techniques when recruiting its workforce for the Cannington Project. Looking for a balance of experience and enthusiasm it was necessary to develop pre-selection tests to reduce the initial number of applicants to a manageable number for first interviews in Townsville. Success at this stage led to an applicant, and their spouse, to go through a second interview at the mine site. The full process from application to job offer took up to six months, but the results were felt to be worth the effort. The approach taken has resulted in a highly motivated and flexible workforce. This paper outlines the philosophies behind CanningtonÆs recruitment process, highlights some of the issues associated with the approach, and offers some measures of the outcomes.

Jan 1, 1998

By P SSrkkS

Mining is commonly seen as a typical basic industry with rough and even dangerous working conditions, heavy environmental load, and a low level of high-technology and automation with much manual work and operations. A mining operation (open pit or underground) is a very complex one consisting of many manual, physical, mechanical and logistical operations with different human interfaces and decisions. For this reason it is a demanding and potential area for all applications of automation and information technology: controlling difficult non-linear, time varying multivariable processes and machines; solving of ergonomic safety and environmental problems; automation of logistical systems; applying robotics, mechatronics, and information handling, etc. In addition to that, big economic sums are involved with these operations. On the other hand, automation technology has developed towards intelligent and adaptive systems including some from the above mentioned fields of automation. Connecting them with modern information and communication technologies makes the idea of an intelligent and unmanned mine more and more feasible in the near future. This requires intensive co-operation and co-ordination between the mining industry and manufacturers of mining machinery. This has been successfully accomplished in the five-year Intelligent Mine research and development program as well as the three years of subsequent implementation of its results in Finland. The basic elements of an Intelligent MineTM concept are:mine-wide information and data acquisition system; high-speed two-directional mine-wide communication network for real-time monitoring and control; computerised information management, mine planning, control and maintenance systems; automated and tele-operated machinery and equipment which are connected to the information system; and links to the public information networks. The degree of automation of an intelligent mine depends on many technical and economical factors. The basic precondition for such an approach is that it will improve the total economy of the mine. This paper will describe the Intelligent Mine Technology Program with the results. Also the implementation which took place during starting of a new underground mine (Outokumpu Chrome Oy Kemi Mine) will be described.

Jan 1, 2000