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By McMahon D

The approach to valuations at the Normandy Poseidon Group is a measured and methodical process that utilises skills sourced from a number of different disciplines. Whilst being subject to a strict set of guidelines, it is also sufficiently flexible to be able to cope with the considerable variety across the resources industry. The group uses Discounted Cash-Flow (DCF) techniques extensively in order to develop a base valuation. Other external factors (eg the market) are, however, also taken into account when forming a view on value. Other methods of valuation are used in tandem or as alternatives depending on the task. DCF techniques are an important tool but would never be used in isolation. Considerable care must be given to developing the DCF analysis as its components (eg discount rate) are prone to misuse. Whilst the valuation process is quite detailed and scientific, it is really only as good as the inputs or assumptions (technical, financial, etc) that are used. The methodology used remains consistent whether the group is undertaking the corporate planning process or making an acquisition.

Jan 1, 1994

By B J. Andrew, M R. Daley

Mount Isa Copper Mines is a world-class mining operation producing approximately six million tonnes of ore per annum. With over 50 years of mining history and over 76 million tonnes of underground resource remaining there are many challenges facing the mine technical team today and into the future. The mine consists of nine distinct areas: the Hangingwall Lens, Footwall Lens, 1100, 1900, N1100, N1900, 3000, 3500 and N3500 orebodies. Each of these areas have different characteristics, requiring varying methods of mine design and ground control for safe and efficient orebody extraction. Each of the areas operate with an independent sequence whilst interacting with the entire underground operation. Within the first five years after graduating mining engineers tend to orient their careers in either a technical or operations direction. Engineers working towards a specialised technical career will often be working as mine planning engineers, whilst others more focused in the operations stream occupy roles such as operations or project engineers. At this stage of a mining engineerÆs career they are not yet categorised into one stream or another, but career decisions made now can generally focus their ultimate career path in one direction or the other. Due to the size of the Mount Isa operations there are many opportunities for engineers pursuing both career path and plenty of room for growth forthose as yet unsure.

Jan 1, 2005

By T Sasaoka, H Shimada

Mined-out limestone/aggregate quarries in Japan contain many high and enormous pit walls. Many precious resources are abandoned in these final pit walls. In addition, there are many mines which are located in or near populated areas in Japan. Utilisationof the potentially useful under- ground space at mined-out sites is a topic relevant to the practice of surface mining. This paper describes and discusses the concept of underground space utilisation and tunnelling systems, referring specifically to geotechnical/ tunnelling parameters.

Jan 1, 2008

The State of Western Australia has a land area of 2 525 000 km2, and is well endowed with minerals and petroleum products. In 1989 - 90 these products were valued at nearly A$10 500 million.

Jan 1, 1992

Exploration requires a lot of skill, technical knowhow, and money; the money is usually less painfully available when provided by a profitable cash flow of an existing organisation that has income against which exploration cost is deductible. Planning the financing for development of a proven resource should begin at the earliest stages even while the mining plan is being formed up. The character of the participants has a bearing on the nature of the financing "package" and the structure that is to be selected for the venture. The security for borrowers in a remote mining resource is no better than the capacity of the participants to bring that resource to profitability in line with the findings of a thorough feasibility study. Taxation considerations related to the structure selected and the timing of the cash flow are of vital importance. Sales contracts have generally been a basic requirement of institutions financing mineral mining projects. Clauses relating to price, price escalation, and currency var- iations, are key factors in those contracts. Initial contracts have generally been required to cover initial overall costs.

Jan 1, 1974

By Corbett GJ

Epithermal gold-silver deposits occur in young volcanic terrains where post-mineral cover commonly impedes the search for mineralisation. At the Togi Project in Honshu, Japan, a complex mineralised system is largely covered by post mineral volcaniclastics. A combination of high resolution electrical resistivity surveying and detailed airphoto interpretation has, with close geological control, enabled synthesis of structural and alteration characteristics of the Togi geothermal system, in turn permitting ranking of the prospects for drill testing.

Jan 1, 1990

By Channon W, Dube M, Makwana M, Kerfoot D. G

In early-1995, the Bindura Nickel Corporation commissioned a pressure leach plant at its Smelter and Refinery complex located in Bindura, Zimbabwe. The novel pressure leach process was developed by Sherritt to treat the nickel-copper sulphide residue produced from the original atmospheric leach circuit. The process extracts essentially all the nickel from the nickel-copper sulphide residue under non-oxidising acid pressure leach conditions, thereby producing an upgraded copper sulphide residue suitable for smelting and refining to electrolytic copper. The commissioning of the pressure leach plant was relatively smooth and design conditions were achieved within six weeks of operation. This paper presents a brief description of the process development and the plant design, followed by highlights of the plant start-up activities and summary of the plant performance.

Jan 1, 1996

By Eggleton T, Taylor G

The lateral and vertical distributions of gold and a wide range of other elements in the regolith, close to Au and Cu mineralisation have been investigated at Goonumbla, NSW. Open cut mining has exposed deeply weathered profiles which have been used for this investigation. Determination of secondary mineralogy and micromorphology of profiles have facilitated the broad interpretation of processes that determine element mobility and dispersion from primary mineralisation as a result of weathering. This in turn has led to better interpretation of geochemical data and enhanced understanding and knowledge of regolith geochemical processes which are invaluable in the formulation of improved exploration Procedures.

Jan 1, 1997

By P Lamberg, M Lyyr, S Heimala, J Liipo

Since the introduction of froth flotation for industrial practice, the process has long been developed and improved by making cultivated guesses or by using trial and error methods to a varying degree. Fresh possibilities have emerged after development of new surface sensitive analysing methods and in situ electrochemical methods. Having had the possibility to combine different findings between science and everyday plant practice, Outokumpu has been able to develop a catch-all procedure to manage a flotation process taking into account the specific requirements set by different minerals in a slurry. A number of these procedures are available and offered globally to clients as part of a Plant Audit service. The Outokumpu Plant Process Audit (Process ef-X) concept comprises of mineralogical determinations from process samples and plant data analysis together with electrochemical process measurements using mineral electrodes. Automatic control loop analysis can also be included. The objective is to combine the results for a basis of flotation process improvement. Since this methodology has earlier been an in-house practice, it follows that the results are also reflected in the development and design of the OutokumpuÆs processing equipment. An increasing number of ores have a very intimate fine-grained texture and it may be physically impossible to combine high grade with acceptable recovery by a flotation process alone. For such cases, combinations of different hydrometallurgical û mineral separation û pyrometallurgical processes are available. Mineral specific information and chemical expertise of flotation technology can be utilised in development of other processes, as well.

Jan 1, 2005

By Bowdler RJ, Lowson RT, Sarbutt JV

There have been few long-term studies of sulphide oxidation under controlled conditions. The object of this study was to investigate the oxidation and leaching characteristics of pyritic mine material under conditions that were commensurate with field conditions but which could be controlled and monitored on a long term basis. The test material - overburden from Woodlawn Mines Pty Ltd - was packed into a 300 cm high column and leached with water at an infiltration rate of 256 mm y-1 for 5 years. Chemical conditions within the column were continuously monitored by sensors embedded in the overburden and leachate from the base of the column was analysed weekly. The study examined the relationships between heavy metal release and gas, moisture, and chemical conditions in the column.

Jan 1, 1988

By Russo S

Metals Refining Operations Pty Ltd (MRO) began refining gold in PNG in 1991 and has undergone continuing growth since then in servicing an everchanging and growing market. MRO's ownership combines PNG Government interests and Golden West Refining Corporation Limited as operator.Features include a very diverse range of suppliers, a full range of technical methods and challenges and the financing and marketing responses unique to a developing country. These areas are examined and documented with special emphasis upon the service needs for the gold industry and future trends and challenges are discussed.

Jan 1, 1997

By Floyd JM

Pilot plant trials showed the effective ness of the submerged lance SIROSMELT technology for altering the composition of iron blast furnace slags as a preliminary step to produc- tion of formed materials. Mixtures of oil and air were injected into a bath of liquid slag to provide the heat required for melting the additives and to provide very turbulent conditions which resulted in complete dissol- ution of added fluorspar within one minute and almost complete dissolution of silica in two minutes. Sulphur lost during injection was readily made up by addition of pyrite or pyrrhotite. A stable foam could be readily made and broken down and the foamed slag appeared suitable for extrusion or forming into shapes.

Jan 1, 1979

An airlift pump is fitted to the screw conveyor of a decanter type centrifuge in order to pump out soft cakes which are difficult to discharge from a standard decanter. The new patented2 design improves separation performance and allows more stable operation, particularly when operating the decanter as a thickener.

Jan 1, 1989

The distribution of p(~rphyt1 copper deposits, in time as well as place, is used to propose an occurrence model based on the genesis models of Sillitoe and Rona. A magmatic source of the metals is accepted. The characteristic metallogenic epoch and the migration of the mineralization event along an elongate metal province are explained as the result of subduction of an obliquely- oriented strip of mineral-enriched material on the oceanic plate. Two mineral-enriched trails emanate from a hot-spot source of high-intensity hydrothermal activity in an oceanic rift. Because the whole plate system moves relative to hot spots, the hydrothermal source appears to migrate along the rift, and the two trails are not parallel to transform faults, but form a broad "V" centred on the hotspot. Source loci are spaced at intervals of about 3000 km, resulting in the possible repetition of metallogenic epochs, in a subduction zone province, at about 100 m.y. intervals. The position of the mineral-enriched strip can be found graphically, given ages of a series of deposits in a province, and the plate convergence vectors. This knowledge provides an exploration tool at regional scale and, by reflection across the rift, the potential for exploration is extended across oceans. The model has implications for commodities and deposit types other than porphyry coppers.

Jan 1, 1987

By Stewart R

Potential acid rock drainage from the destruction of metalliferous sulph-ides is recognised as a critical factor in the design and economics of any mining venture. While this realisation is relatively new, mining companies have embraced the issue with the aim of scientifically quantifying the magnit-ude of the problem, specific to indiv-idual properties.Coinciding with the development of the open pit mine at Porgera, a comprehensive assessment of the potent-ial for the formation of acid rock drainage was initiated in 1991. Detail-ed study of the mineralogical charact-eristics of all rock types, along with extensive test work to determine the maximum potential of rocks to generate and consume acid (known as acid base accounting or ABA), has been conducted. Correlating this with the known and interpreted geology of the open pit has indicated a strong relationship between rock type, sulphur content and the acid base character. This relationship is used daily as a simple, cost effective means for classification and management of the variety of material types produced from the minincx operation.

Jan 1, 1994

Here, in what is partly a review and partly a personal viewpoint, I take stock of changes in emphasis and comprehension on the subject of basaltic volcanism in the decade that has passed since the completion of the landmark Basaltic Volcanism Study Project (1981). I concentrate attention on the relatively neglected physical-volcanology aspects (in 1988 it was still possible to publish a 340-page book on flood basalts with barely any mention of physical mechanisms).I adopt the useful unifying concept of "volcanic system" to embrace the invariably-present intrusions as well as the volcano; I consider controls exercised by magma-supply rate and modulator-mechanisms on the nature of the system;I emphasize that sheeted-intrusion complexes, consisting either of dikes or inclined sheets (depending on the ability of the system to expand laterally) occur in all eroded major systems and fuel geothermal systems; I show how constraints set by cooling of narrow intrusions cause such complexes to be wedge-like and produce considerable rotations; I consider the role of the level of neutral buoyancy in making magma chambers possible, causing lateral subsurface magma flow and localizing intrusions, while the LNB itself can be accentuated by intrusions; and I examine the possibility that underwater systems could have very different internal structures from systems on land.

Jan 1, 1990

By T J. Napier-Munn

This paper proceeds from the premise that process improvement is a key part of the mineral engineer’s role, and one in which he/she can make a significant contribution to shareholder value. It presents four tools to help with process improvement projects. Two are designed for process monitoring, to determine as soon as possible whether there has been a true change in performance: the cumulative sum (cusum) control chart plot with V-mask, and the control chart using a process model. The other two are used for process optimisation: simplex self-directing evolutionary operation (SSDEVOP), and a response surface model developed using a central composite rotatable experimental design (CCRD). These methods are robust, have a rigorous theoretical basis and are easy to implement. They also promote project continuity which increases the chances of success, particularly in fly-in/fly-out (FIFO) operations. Variants are used in other industries, but they are rarely if ever applied in mineral processing to-day for reasons which are unclear. The paper gives examples of the application of each method in concentrators which demonstrate that they have the potential to be useful additions to the mineral engineer’s professional toolbox.CITATION:Napier-Munn, T J, 2014. Cunning solutions to process improvement, in Proceedings 12th AusIMM Mill Operators’ Conference 2014, pp 5–10 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Sep 1, 2014

By N F. Glenn, S Thiruchittampalam, B P. Banerjee, S Raval

The determination of shear strength parameters for the spoil material plays a crucial role in the assessment of a dump’s stability; nevertheless, their evaluation necessitates laborious laboratory experiments. In order to address this issue, Simmons and McManus (2004) formulated a framework that serves as a foundation for categorising spoils according to their distinctive shear strength parameters based on observable and tactile characteristics. This framework, previously identified as the ‘BHP Mitsubishi Alliance Coal (BMAC) Spoil Shear Strength Framework’, is now recognised as the ‘CoalSpoil’ framework. The spoil characterisation provided by the CoalSpoil framework offers benefits but is not without limitations. The examination of these attributes in the field is a time-consuming task that demands expertise. Subjectivity arises in the spoil characterisation when attributes straddle the line between two categories, such as delineating matrix-supported and framework-supported fabric structures. To enhance consistency in the spoil characterisation process, minimising human intervention is crucial to mitigate bias, classification errors, and safety risks. This study seeks to achieve this aim by introducing image-assisted and automated methods for spoil characterisation.

Sep 1, 2024

By P J. McCarthy

Globalisation and consolidation is resulting in the mining industry coming to be dominated by a small number of very large companies seeking to lever assets and knowledge to create wealth. As an important service provider to the mining industry, the minerals tertiary education sector needs to understand these global drivers and respond to them. However, it is under-resourced and its sustainability is under challenge in all Western countries. Through the establishment and funding of the Minerals Tertiary Education Council (MTEC), the Minerals Council of Australia (MCA) has provided a unique opportunity to build a national, world-class minerals tertiary education environment in Australia that can be sustained in the long-term. This paper reviews how the global changes occurring in the mining industry provide the model for what needs to occur in the minerals education sector and how MTEC is the logical vehicle to facilitate these changes. It concludes by suggesting that the time has come to integrate the minerals tertiary education providers into one business. Furthermore, the vision should be for a global mining education academy based around a virtual university capable of servicing the cultural diversity and continuing education needs of the global minerals industry.

Jan 1, 2001

Techno-Economic Evaluation of a New Early Removal Process to Treat High-Arsenic Copper Ores

Sep 13, 2010