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The title of my address today is "Oil and Gas Valuations - A Simplistic View of Some Critical Issues". Alternatively I could have called this address "Pitfalls for investors' and corporates in accessing Independent Experts Reports" 'as in this brief 12 minute talk I will briefly comment on some common misconceptions with regard to the valuation of exploration areas and production interests, and comment on how the draft release guidelines address these issues.

Jan 1, 1989

Mr. Chairman, Distinguished Guests, Ladies and Gentlemen. I was delighted to be invited, and to accept the invitation, to welcome to this specialist meeting on an intriguing subject, the local participants and - most importantly - the international contributors. Technical o analysis of blast furnace operations has for many years formed the basis of intense research throughout the iron and steel industry, world wide, because the efficiency of blast furnace operation estab- lishes the foundation for all subsequent processes in a steel plant. So much depends on the constant, efficient performance of iron melting units in relation to costs, quality, regularity of operations and reli- able delivery performance to our customers.

Jan 1, 1981

HISTORY Up until the late 1880's the mining industry acquired a considerable proportion of its capital needs from domestic sources. Exchanges were established wherever major new fields were opened and Ballarat, Bendigo, Charters Towers, Coolgardie, Kalgoorlie and Silverton all boasted active trading in mining shares. For much of the first half of this century there was only modest developments in the mining industry and its capital require- ments were correspondingly lower. RECENT EXPERIENCE The new mines of the sixties were, in many cases, characterised by their remote situation and their output of bulk commodities such as iron ore., coal and bauxite. Infra- structure costs were particularly high and the level of capital expenditure was of previously unheard of proportions.

Jan 1, 1975

R F Johnston 1 ABSTRACT The possibilities for bacterial leaching of refractory gold ores found in the Central Victorian region of Australia are examined. The behaviour of bacteria, especially 77iobacillus ferroaridans is outlined and the effects of these when they are exposed to pyrite, arsenopyrite and stibnite are examined. The factors which are particular to Central Victoria are outlined and the possibility of adapting a bacterial culture to suit the conditions is discussed. It is concluded that a bacterial leaching system is a feasible proposition and that it could enhance leaching rates and yields.

Jan 1, 1994

By Stockton N. D

Gravity concentration of gold is an important facet of gold processing technology in Western Australia. While great interest has been directed at gold leaching technology and considerable developments achieved, gravity concentration has received much less attention and this paper provides an update on the current practice and developments that have been achieved in recent years.A survey of 72 gold processing plants in Western Australia was conducted in 1991 and some 31 questionnaires were returned for analysis. Of these, 19 plants were using gravity concentration and this paper highlights some of the features of these operations.

Jan 1, 1992

I am honoured to have been asked by Sir James Foots, the President of the Congress Organising Committee, to open this, the 13th Congress of the Council of Mining and Metallurgical Institutions. The theme you will be addressing over the next few days is "The Twenty First Century - Mining, for Mankind" - a theme that must be regarded as an enormous challenge for the entire minerals industry. Previous conferences, starting in 1924 in London and followed by two others in the United Kingdom, have also taken place in Canada (three), Southern Africa (three), Australasia (two), and Hong Kong (one), but this is the first to be held in Singapore.

Jan 1, 1986

The automatic control of grinding mills for optimum performance is an area of control which can benefit from new control concepts and technology. Economic pressures dictate that the mining industry undertake changes in process design, control system strategy and operations organisation that call for innovative reappraisals of the control system performance necessary to enhance the functions of the process operator. As more dependence is placed on instrumentation the chances of abrupt, total loss of process control through an entire production complex becomes a major concern of the plant manager.

Jan 1, 1978

By K Heiskanen

Flotation is affected by several factors, part of which depends on the mineralogical characteristics of the ore and part on process variables. Sulfide Ni-Cu ores occur typically in mafic and ultramafic igneous rocks. Serpentine minerals are also common. As a consequence of metamorphosis, sulfides and secondary minerals may be finely disseminated in an altered ore matrix. The floatability of minerals depends also on process variables. Oxidation of sulfide particles, process iron and dissolved ions in process water affect the behaviour of sulfides. The effects of some essential factors on flotation of Ni-Cu ores are considered.

Jan 1, 2005

The paper explains the genesis of the Ballarat College of Advanced Education to its unique position in mining engineering education. A description follows of the development of the Graduate Diploma in Occupational Hazard Management which commenced in 1979 in the cooperative mode of four groups of three weeks full- time study followed by twenty-three weeks in industry. In particular an analysis will be given of the state of origin of students, ages and employing industries. Given the experience from the evolution of this course a similar process is described for the Graduate Diploma in Mining which has been accredited to commence early in 1987.

Jan 1, 1986

By Fitchett K

Refractory application in the major iron and steelmaking units are discussed. Mechanis- ms of refractory consumption as revealed by pre- vious studies are reviewed and current practice is evaluated. Deficiencies in refractories now in use are noted and some lines of development are indicated. The iron and steelmaking units discussed are generally restricted to those subject to slagging, structural change or erosion at steel or iron making temperatures, and include the Blast Furnace, Hot Blast Stoves, Hot Metal Ladles, Basic Oxygen Furnaces, Continuous Cast- ing Units and Steel Teeming Ladles.

Jan 1, 1972

Fluid bed sulphation roasting followed by leaching at low pH was developed as a means of separating copper and bismuth from a mix- ture of flotation concentrates and flash fur- nace flue dust. A 65 tonne/day plant was established and typically achieves 89 percent copper extraction with negligible bismuth and iron extraction. Acid-chloride leaching of bismuth from copper leach residue was then established, with bismuth oxychloride being precipitated from solution by dilution with water. A small scale batch plant presently in operation typic- ally achieves 80 percent recovery of bismuth to bismuth oxychloride.

Jan 1, 1986

By Fuerstenau MC

Zinc cementation and carbon adsorption are both presently used for precious metals recovery from cyanide leach solutions. Each of these techniques exhibits unique processing features which renders them suitable to treat solutions with different properties and in different applications. In this study, the two processes are reviewed and compared. Operating data from a number of Merrill-Crowe precipitation and carbon adsorption plants in North America have been obtained and used in this analysis. The relative capital and operating costs for the two processes have also been considered.

Jan 1, 1993

By Rashkovski GB

Until recently amalgamation has been the main process forextracting large gold particles from gravity concentrates obtainedduring the dressing of ores and placer gold deposits.Development of new technology for treating the gravityconcentrates was necessary because of the harmful effect ofmercury on subsequent production processes and theenvironment. The harmful effect of mercury is particularlyevident in the resin-in-pulp process that is widely applied inRussia.

Jan 1, 1993

During the period May to July 2003, East Mine overcored and recovered from goaf edges a total of 55 1.8 metre CVX grade bolts to analyse installation quality. Some 95 per cent of the pneumatically (hand-held Gophers) installed bolts show gloving, with 75 per cent showing gloving of at least one-third of the effective bolt length. Hydraulically installed (continuous miner-mounted bolting rigs) bolts show in some areas less gloving but do have significant unencapsulation lengths. Trials of newly developed bolt end profiles show considerable improvements in eliminating gloving but do show variable and unacceptable variations of unencapsulation.

Jan 1, 2003

Haematite Recovery from a Tailings Stream Laboratory and pilot scale testing were carried out in 1999 on a tailing sample from a North American iron ore plant using gravity, magnetic and flotation techniques. The ore contained 16 per cent iron mainly in the fine (-38 ¦m) size fraction. Two methods of evaluating the separation efficiency were used; Selectivity Index and Z factor analysis. Tabling and magnetic separation produced poor results, with flotation testing showing some promise, generating concentrates assaying more than 40 per cent Fe. High grade concentrates containing more than 67 per cent Fe were generated using the Kelsey Centrifugal Jig, and it was recommended that this technique be pursued at a larger scale to verify the results obtained.

Sep 13, 2010

Activated carbon is ideally suited to treating low grade ores and tailings by the carbon-in-pulp process and is rapidly replacing the use of zinc for recovering gold from cyanide leach solutions. Coarse carbon particles derived from coconut shell adsorb up to 30,000 ppm Au as a gold cyanide complex and can leave barren solutions containing

Jan 1, 1982

In recent years stricter requirements imposed variously by the Companies Acts, auditors and the Stock Exchanges have resulted in annual financial statements of mining companies becoming more detailed, informative and useful. Standards of reporting on ore reserves have not kept pace with the improvements in financial information disclosure, despite the fact that ore reserves are usually the most important asset of a mining company. The ore reserve reporting practices of fifteen leading Australian mining companies are analysed against important specific criteria. In terms of detailed and meaningful disclosure, there is scope for major improve- ments in annual ore reserve reporting Practices.

Jan 1, 1981

By Johnson M, Gaudin A

With the advent of Computer aided mapping and surface modelling techniques Geologists and Engineers have had to become familiar with the capabilities and limitations of these systems to effectively use them. In this paper we will trace a short history of the rather rapid progress in this area. From this historical perspective we will make some observations and use these to guess at what the future holds. We hope that this paper will assist in clarifying the develop- ments in computer assisted mapping and modelling and promote thought on how these techniques may be best applied to the problems of the Mineral Industry.

Jan 1, 1983

This paper suggests the models for determination the optimum life of machines on the basis of sum and difference of investment and maintenance costs. The economic-mathematical models are based on complex percentage method taking into account the time factor of referring cost. The following strategies of maintenance policy have been considered in machines repair: a strategy without investment, a strategy with continuous investment and a strategy with step-like investment. The effect of value of investment in repairing and time interval of investment on optimum machine exploitation life has also been considered. An illustrative example is presented.

Jan 1, 2003

By T C. Hughes, R Hughes

Ausmelt has developed and commercialised high temperature reactor technology that has been applied to waste processing in the form of a catalytic waste converter (CWC). Ausmelt Technology uses a top submerged lance system within a versatile converter containing an oxidised molten siliceous slag. Metals and other valuable products can be extracted from wastes for recycle into the community. Non-valuable components such as toxic organochlorinated compounds are destroyed and prevented from reforming. The slag produced is inert and can be safely used in building and concreting. The CWC can be applied to practically all types of wastes and examples from Ni-Cd batteries to toxic wastes are discussed. Additional benefits can be derived from large-scale operations if the surplus heat generated is exploited to produce steam and electricity.

Jan 1, 2000