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By G J. A Dewar

The Australian Corporations Law generally requires Independent Expert Reports to be presented in support of capital raising or in defence of mergers and takeovers. The introduction of the VALMIN Code in 1995 (and its recent revision issued as the VALMIN Code, 1998) made Assessment and Valuation Reports in these circumstances much more comprehensible than before because of its key requirements for transparency and materiality. By forcing the Independent Valuer to provide an explanation of the reasoning behind the estimation of a particular resource asset, VALMIN allows the reader to clearly see any error or illogicality in the valuation methodology used and to seriously question or even reject the resulting value. Even though many elements of resource asset valuation practice are undeniably subjective, there must be some basis of objective rationality to it. Independent resource asset Valuers are the essential link between mineral explorers/miners on the one hand and brokers/analysts/fund managers/investors on the other. The minerals and financial industries both expect them to not use inappropriate or invalid valuation methods and illogical steps within these methods. This paper examines some of the less sensible ways in which some of the main techniques that Valuers commonly use to assess the fair market value of mineral properties have been applied in recent instances. The authors hope to discourage the adoption or perpetration of the æWhat-number-did-you-have-in-mind?' approach. It is MINVALÆs view that as many methods as possible should be used in any resource asset valuation. If any of the resulting estimates are in approximate agreement (particularly if they were derived using the less subjective of the available methods), ie if they cluster, they are probably more persuasive as being the Preferred Value of the asset than outlier values within the Valuation Range.

Jan 1, 1999

By J Guo, K Williams, S Caldwell, W Chen

Mining is increasingly occurring near or below the water table. This has led to a higher rate of handling problems associated with increased moisture and increased adhesion, which lead to a higher rate of blockage events within the materials handling chain. Typically, these ores and minerals are known as ‘wet and sticky materials’.Currently there is very limited knowledge and/or methodologies for effective design of efficient materials handling systems when it comes to handling wet and sticky materials. However, there is one major parameter that significantly affects handleability of a wet and sticky ore; namely, its moisture content. Flow property testing has shown that when moisture is reduced, the adhesive properties of the ore are also significantly reduced, thereby increasing ore flowability.The research embodied in this paper investigates the moisture reduction rate through a loose packed bed of iron ore using dry, ambient temperature airflow. A comparison of the predictive capabilities of a proposed drying model to data obtained from on-site experiments using iron ore fines is made. Building on an assumption made by Hukill (1954), a second term has been proposed to account for rewetting effects in the drying process. From this research, identification of improved moisture reduction approaches is envisaged.CITATION:Caldwell, S, Williams, K, Guo, J and Chen, W, 2017 Aeration induced moisture reduction of iron ore, in Proceedings Iron Ore 2017, pp 455–460 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Jul 24, 2017

By D O’Dea, B Godel, T Honeyands, G Evans, T Harvey

The pores within iron ore sinter are important for producing a high quality material that is strong and easily reduced. The complementary methods of mercury intrusion porosimetry (MIP) and X-ray computed tomography (CT) were used to characterise the structure of industrial and pilot scales sinters across a wide range of pore sizes (3 nm to 100 µm for MIP and 50 µm to 5 mm for CT). The inhomogeneous nature of sinter and the variation in the measurements make it difficult to compare samples. The generalised additive modelling (GAM) approach, using the open source statistical software package, R, has been applied to highlight where there are peaks in the concentration of pore sizes. Importantly, the shape of the GAM-fitted function and the heights of the peaks show statistically significant differences between samples. For the samples investigated, the GAM-fitted functions for the MIP volume distribution of pore diameters were found to have a common set of distinctive peaks at 0.005, 0.6 and 20 µm. The GAM approach was also applied to the X-ray CT measured pore wall thickness, highlighting a single peak whose position varies between samples. The cause of these distinctive peaks and their implications for sinter quality are discussed. Correlation was found between the volume in peak 1 (0.005 µm) and the concentration of primary hematite. No correlation was found between the pore wall thickness and the strength of the sinter, suggesting the composition of the pore walls may be more important. Future work will focus on small-scale sinters produced under tightly controlled conditions to study sinters with a wider range of quality values.CITATION:Harvey, T, O’Dea, D, Evans, G, Godel, B and Honeyands, T, 2017. Highlighting key features of the pore structure of iron ore sinter using mercury intrusion porosimetry and X-ray computed tomography, in Proceedings Iron Ore 2017, pp 39–48 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Jul 24, 2017

By D Hunter, N Cusworth, J Miller

"Recent project failures have called into question the use and relevance of benchmarking and independent reviews, forcing a rethink of traditional processes and procedures.With cost estimates and schedules dramatically varying from lows seen around the global financial crisis to peaks experienced in the recent mining boom, benchmarking has ranged between essential and misleading.Profound shifts are now underway in future project delivery strategies as the market moves away from cost-plus engineering, procurement and construction management. The current trends in project implementation are to utilise more lump-sum design and construct or fixed-price supply and construct contracts. This trend will remove transparency in detailed cost information by reducing the sources and clarity of cost data.Independent peer reviews (IPRs) of studies and investment recommendations performed over the last decade have both failed to prevent flawed or deficient projects from proceeding to approval and funding, and been successful in ensuring that owners did not proceed with doomed investments.In recent times, it has been recognised by some owners, contractors and engineers that traditional benchmarking checks or IPRs, or a combination of both, will not necessarily produce reliable assessments of study conclusions and of the forecasts of project outcomes. To be of value, the benchmarking process now also needs to recognise the highly volatile responses from the engineering and construction industry to the current and future markets for their services.Similarly, reviewers who draw upon benchmarks of past project experiences on an understanding of the things that shaped and influenced their outcomes need to be more aware of how a future dynamic market may impact the outcome of the projects and raise warning flags accordingly.With the commodity cycle currently approaching what is hoped is its bottom, ensuring that benchmarking and independent reviews evolve into reliable, transparent and worthwhile processes becomes even more important. This can only be achieved with more transparent and analytical benchmarking and business-orientated reviews that both recognise and calculate the impacts of dynamic markets on project implementation.CITATION:Cusworth, N, Hunter, D and Miller, J, 2016. The role of benchmarking and independent reviews, in Proceedings Project Evaluation 2016, pp 249–259 (The Australasian Institute of Mining and Metallurgy: Melbourne)."

Mar 8, 2016

Mineral exploration and mining in New Zealand has had almost five years of new legislation. The requirement for different consents is a challenging, time consuming, expensive exercise but in most cases the new procedure is working, although the matter of obtaining access to land is still a major issue. Priority is critical. After lodgment of an application for a minerals permit there are many other matters to address such as identifying land owners, occupiers and administrators, preparation of access applications, consultation and preparation of various resource consent applications.

Jan 1, 1996

By T Wang, D Wang

Photogrammetry-based techniques supported by traditional mapping tools are more frequently used for open pit geotechnical mapping. It fundamentally involves the collection of geological, structural and rock mass data from pit batters when safe to do so. These are essential components for refining and implementing continuous improvements to geotechnical models. The geotechnical model is used to review bench performance, optimise geotechnical design parameters, interpretation and analysis of pit slope stability. This paper is a case study of implementing different pit mapping methods at Mount Carlton gold mine, North Queensland. It critically reviews the tools required, including the Brunton compass, mobile application Clino, geotechnical data mapping software CloudCompare (2015) and Sirovision software. The review compares the image precision, structural measurements and data analysis. The review also underlines mine site management philosophy for safe geotechnical data collection to identify in-pit geotechnical hazards and the mitigation of potential slope instability. Sirovision is a remote sensing system for site geology mapping and interpreting geotechnical characteristics of exposed mining faces. The system utilises off-the-shelf digital SLR cameras to capture stereo photographs of the rock face and uses the latest image processing technology to generate accurate 3D models. These 3D models are digitally analysed using computational geometry to extract unbiased and accurate geological and geotechnical data. CloudCompare processes high accuracy 3D dense cloud rock surfaces reconstructed with photogrammetry software to extract the geological planes using the FACET or Compass plugins. The major discontinuity sets can be observed and the orientation (dip/dip direction) obtained from the algorithm is accurate and reliable for geotechnical assessment, including kinematic and rock slope stability analysis.

Nov 29, 2022

An Innovative Process for Comprehensive Utilisation of Clay-Vanadium Ores By adopting conventional processing technologies such as flotation, gravity concentration, and magnetic separation, it is difficult to enrich vanadium mineral effectively. At present, vanadium extraction process usually has not the mineral processing enrichment procedure, but rather uses direct hydrometallurgical process: roasting - leaching - precipitating vanadium for obtaining high quality V2O5 product. But it results in problems, for instance, high consume of auxiliary materials like acid and alkali, serious pollution and high cost of vanadium extraction. In the project study on the ore of a certain clay vanadium mineral, by adopting the test process: scrubbing raw ore with reagents added in - dispersing and segregating with reagents - grading enrichment, vanadium concentrate product with higher grade was made by virtue of reagent's selective inhibiting, and the purpose of upgrading the raw material used for vanadium extraction with hydrometallurgical process is achieved. The process technology obtained from project study features simple process structure, low equipment investment, low cost of mineral processing and pollution-free to environment. It provides high efficient and practical technology for the comprehensive utilisation of clay vanadium mineral, and has a prominent prospect for its popularisation and application.

Sep 13, 2010

A model has been developed as part of the AMIRA P420 Gold Processing Technology Project to simulate the recovery of gold by centrifugal gravity devices. The model (which is available online) uses the simulation methodology developed by Laplante et al (1995) to predict gravity recoverable gold (GRG) recovery under varying operating conditions and circuit configurations. In addition to predicting GRG recovery, the model also predicts the GRG content and size distribution of the cyclone overflow and underflow. The predicted overflow GRG content and size distribution can be used as inputs for a leaching model in which size dependent leaching rates are applied for each size class of GRG and non-gravity recoverable gold (non-GRG) in the cyclone overflow, allowing size-by-size leach recoveries to be determined for GRG and non-GRG. The application of the gravity model and leaching model are demonstrated using a case study. The simulated gravity recovery and leaching performance showed excellent agreement with the measured values. The developed models can be used to assess the sensitivity of gravity gold and leach recoveries to varying feed GRG content, GRG size distribution, gravity circuit feed rate, classifier performance and leach residence time. The described methods can be used to optimise new and existing gravity and leaching circuits.

Aug 1, 2010

Frothing in Seawater Flotation Systems

Sep 13, 2010

By C Garlick, O Gregory, H Rogers, B I. Winters, Z C. Ye

BHP New Zealand Steel produces iron from titaniferous ironsand by a direct reduction process comprising multihearth furnaces/rotary kilns/electric iron melters. The electric iron melter is a six-in-line rectangular submerged-arc furnace which takes the partially reduced ironsand (80 per cent metallisation) from the rotary kiln and completes the reduction process to produce iron of nominally three per cent carbon. As the melter operates at around 1500¦C and under very hostile conditions, it is near-impossible to obtain any basic operating parameters such as the velocity and temperature distribution in the slag and in the molten iron. As a first attempt to understand the operating conditions inside the melter, a scaled room-temperature model using wax and water to represent the slag and iron, was constructed. This paper will report on some of the preliminary model results on the temperature distribution.

Jan 1, 1995

Good morning ladies and gentlemen, and may I thank you for inviting me once again to address your conference. I would first like to welcome you all, especially international delegates and conference speakers. ItÆs a pleasure to be with you all and I hope that you have the time to enjoy the many beautiful sights that the Coromandel and Bay of Plenty have to offer.   Holding your conference in Waihi is particularly apt, especially bearing in mind the conference theme û 'Mining in the Community'. There can be few venues in the world that can boast a world class gold deposit of the likes of Martha Hill located right here in the centre of a rural service town. ItÆs a deposit that has a mining history active now in its third century and that to date has yielded some 7.5 million ounces of gold and 50 million ounces of silver. I doubt that when John McCombie and Robert Lee discovered gold at Martha Hill in 1878 that they had any inkling that their endeavours would be the foundation for a mine that would become such an inseparable part of the economic and social fabric of Waihi for the next 130 years.   This is now my fifth appearance at a New Zealand minerals conference, I especially value such occasions as it allows me to comment on your industryÆs performance over the past year, share my thoughts on matters affecting your industry, and also to give you some feedback from central government.

Jan 1, 2006

By J Zhao, Q B. Zhang

The shock behaviour of a material represents its response to very high strain rate loading at pressures associated with those generated by explosive and blasting loadings. Three sets of shock wave experiments have been conducted to determine shock Hugoniot behaviour, spall tensile strength and shear strength using a plate impact facility. Embedded manganin stress gauges (ie longitudinal and lateral gauges) and high-speed velocimetry using heterodyne techniques were used for the measurements of stresses, shock velocity and free surface velocity. The gabbro exhibited classic linear Hugoniot equations of state in the US-up (ie shock velocity-particle velocity) plane; while for marble a polymer-like non-linear response was observed. The detailed experimental procedures used to make these measurements are to a great extent standard methods when determining mechanical properties and deformation fields at high strain rate.CITATION:Zhang, Q B and Zhao, J, 2015. The response of rock materials to one-dimensional shock loading, in Proceedings 11th International Symposium on Rock Fragmentation by Blasting, pp 665–672 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Aug 24, 2015

By T A. J Hopper, S Mukkisa, K-O Ott, D Palmer

RIG Technologies has developed new technology that can successfully acquire high quality natural gamma ray (GR) and hole deviations, downhole while drilling, on reverse circulation drills. This technology survives the hostile downhole environment with shocks of between 400–2500 g for 7– 10 days at a time. The Logging While Drilling (LWD) service eliminates the need to run in-rod surveys, either by the driller or by wireline trucks and crews. This time saving is in the middle of the drilling process, thus enabling drills to keep drilling and increase their productivity. Additional to the natural GR and directional survey, the downhole tool is equipped with sensors to measure the downhole dynamic response of the drilling system providing insights into rock hardness, density and potentially clay types. These parameters have never been acquired behind the hammer before and coupled with surface measurements from the drills themselves, form a rich data set for trainable machine learning algorithms shortening the time to receive advanced geophysical answer products from sometimes months, to live feeds directly from drills (Hopper, 2019). Alive, high speed, two-way data link between surface data acquisition systems and downhole geophysics tools has been established and incorporates calibrated surface measurements of dynamic forces directly on the drill string to match up with those measured downhole. Receiving live streams of natural GR and hole deviation surveys as the drill is drilling allows true remote decisionmaking with live data available anywhere in the world. The combined data from surface and downhole dynamics builds a data set that could begin to enable true optimisation of autonomous drilling processes.

Nov 8, 2021

By G E. Ho, M Anda, S Dallas

Water auditing and water conservation measures are fast becoming the quantitative tools for water balance reporting in the mining and minerals processing sector. Therefore, this paper was written to describe the process of water auditing in a goldmining environment and to contribute towards building an appropriate water management framework for The Cooperative Research Centre (CRC) for sustainable resource processing (CSRP). The research will assist with the assessment of water balances in mining and hydrometallurgical processes and ongoing probabilistic modelling for Newmont Mining Corporation, its wholly owned gold mines, and its joint venture operation of Kalgoorlie Consolidated Gold Mines (KCGM). Kalgold or KCGM are the managers of a joint venture project between Barrick Australia (50 per cent) and Newmont Mining Corporation (50 per cent) at Kalgoorlie, Western Australia (WA). Boddington Gold Mine (BGM), Western Australia, will commence operations this year and manage the new goldmine expansion project. BGM is 100 per cent Newmont owned and will operate to continue mining gold and copper from the existing (BGM) site that was decommissioned in 2001.

Jan 1, 2009

Technical disputes, commercial negotiations and workplace/societal conflict are a natural part of doing business and just living itself. Conflict is everywhere û at home (between family and neighbours); in the workplace (between management, co-workers and unions), with contractors and with other companies; and everywhere at the community level, dealing with land access (pastoralists/farmers and indigenous/First Nation people), environmental protestors and NIMBY-ites - Civil Society in general. Exploration and mining companies, operating in more remote, less developed and culturally diverse regions, tend to encounter myriad areas of conflict (typically emotion-charged) and they are outlined. Dispute prevention, management and various binding and non-binding resolution techniques are discussed. The paper gives a general overview of the ADR nomenclature and framework (mediation, conciliation, expert determination, adjudication, arbitration and litigation) encouraging technical professionals to participate. Its thesis is that lawyers should not necessarily be the first port of call when problems arise between the mining workforce, contractors, joint venture partners, purchasers of prospects/mines, traditional land owners, protest groups, etc. If the matter must be litigated, the role of the expert witness is critical in pretrial planning, negotiations, mediation and litigation management, so a few guidelines are provided. Whilst dispute resolution has a legal context, the paper is written from an AusIMM technical professionalÆs perspective, emphasising practical long-lasting pragmatic solutions.

Jan 1, 2006

By V Morand, W R. H Ramsay

Structural, mineralogical, and textural data from the Tarnagulla Goldfield demonstrate that the area has undergone three significant phases of deformation. The first phase of deformation (D1) predates the intrusion of the Tarnagulla pluton, which has been dated using K/Ar as 391 ¦ 5MY. We regard this pre-granite deformational event as the major regional deformation. Gold-bearing quartz veins have been deposited in dilational sites on west-dipping reverse faults. These sites demonstrate a geometry related both to faulting associated with D1 and the plunge of the F1 fold axes. This evidence, together with chronology of unmineralised ? D2 and D3 faults, the absence of quartz veining associated with D3 events, and the deformation of carbonate-quartz-biotite-sulphide aggregates within Sl by later S2, lead us to conclude that the bulk of the mineralisation was essentially syn- or late D1 . d18O values for fluids in equilibrium with vein quartz from Central Victoria have indicated equivocal support for either a magmatic or metamorphic origin. Our evidence supports a pre-magmatic origin for mineralisation at Tarnagulla and hence tends to favour a metamorphic fluid source.

Jan 1, 1995

By M E. Dunphy, P Silversmith

The Reefton Goldfield, both historically and potentially, represents a significant gold producing camp in the Westland province of New Zealand. Some two million ounces of gold have been produced from the Greenland Group host rocks between 1870 and 1951 with the most significant producers being the Blackwater and Globe Progress mines.   Steep terrain, high rainfall, poor outcrop, widespread fluvio-glacial deposits, tertiary cover and sometimes onerous environmental access conditions have proved a challenge to conventional exploration techniques. In addition classic exploration techniques have come up against a desire to reduce exploration cycle time and exploration costs while increasing both quality and quantity of geological information.   The trial, and subsequent implementation, of Wacker sampling has proved a highly successful and effective geochemical tool currently being utilised to target, discover, and define potential economic gold mineralisation in the Reefton Goldfield.

Jan 1, 1997

By M K. de Brodtkorb

Late Cenozoic ore deposits æPrecious and base metal-richÆ and æSn-Ag-polymetallicÆ ofNorthern Puna are associated either with Middle Miocene dacitic volcanic-dome complexes or with Upper Miocene dacitic-andesitic volcanic centres.   Ore mineralogies and their related volcanism are discussed. A strong link is observed between the Cenozoic Metallogenetic Province of Northern Puna and the Southern Bolivia Tin and polymetallic provinces.  

Jan 1, 1995

By S Henderson, J V. Lawless

The worldwide association of low-sulfidation epithermal gold mineralisation, bimodal rhyolitic-basaltic volcanism and rifting is confirmed in New Zealand. In the currently productive Coromandel epithermal-gold province reported Ar-Ar dating of adularia from low sulfidation deposits falls into two groups at 6 and 7 Ma. Bimodal rhyolitic-basaltic volcanism has been reported to be K-Ar dated at 9 to 7 Ma and 6 to 5.5 Ma. Epithermal gold mineralisation in Northland is spatially associated with bimodal basaltic-rhyolitic volcanism, with rifting cogenetic with that in the CVZ. The Taupo Volcanic zone (TVZ) is sufficiently young that the presence of a segmented rift with recent bimodal rhyolitic-basaltic volcanism can be genetically associated with epithermal gold mineralisation, which occurs as both fossil occurrences and in active geothermal fields. This reinforces the known potential prospectiveness of the Coromandel area and increases that of Northland and the Taupo Volcanic Zone.

Jan 1, 2005

By J S. J van Deventer

Geopolymerisation is a new technology that processes and transforms aluminosilicate minerals into mechanically strong and chemically stable products. In this investigation, minerals such as fly ash and kaolinite were used as the solid raw materials for geopolymerisation. Inorganic salts were added to the geopolymeric pastes to simulate ionic contamination during processing for building and construction applications. The resultant products were examined and characterised physically. It was found that the early strength development of geopolymeric pastes could be changed according to the nature as well as the extent of the contamination. At a small dosage, the effect of the contamination on the early geopolymeric system depended heavily on the nature of the artificial surfaces that were created in the geopolymeric solution through the addition of the chemical additives. For example, the samples containing MgCl2 and Mg(NO3)2 had shown the same yield stress developments due to the similar surfaces that were formed. The cations of these salts were expected to hydrolyse and form magnesium hydroxide precipitates immediately after the addition to the early geopolymeric systems. The calcium cations of CaCl2 also precipitated upon addition, but the nature of the surfaces of these hydroxides was quite different to those of the magnesium hydroxides and gave rise to different yield stress development. The samples that contained the insoluble salts (in water) demonstrated different yield stress development when compared to each other because of the different nature of the additive surfaces that were exposed to the geopolymeric solution. These results suggested that heterogeneous nucleation could be responsible for the change of the rheological behaviour upon inorganic salt addition. When the extent of the ionic contamination was large, the anions released from the insoluble salts (in water) changed the nature as well as the concentration of the geopolymeric solution and the setting processes were retarded. Oxides, in general, behaved very differently from other salts, indicating the uniqueness of the oxygen anions in a system rich in hydroxyl and silicate anions. The inorganic salt contamination in geopolymers did not show any significant signs of structural change according to the XRD diffractograms collected. The seven-day compressive strength was not lowered by the inorganic salt contamination and it could sometimes be beneficial to the product performance, for example, an increase of 20 MPa was induced by the addition of calcium oxide. Inorganic salts as chemical additives have demonstrated the potential to modify setting times of geopolymers without sacrificing much of the productsÆ strength and integrity.

Jan 1, 2000