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The Joint' Venture Method is a procedure for assessing the value of exploration properties, particularly those for which resources have yet to be delineated. It aims to convert the terms of an actual or synthetic joint venture into the equivalence of an arms- lengths cash transaction between a willing seller and a willing buyer. This paper sets out one approach to achieving that conversion. It discusses both simple and complex cases and gives some examples from both public and private documents. It also includes some case studies in which the Joint Venture Method of valuation can be compared with values derived for the same project using other methodologies including actual cash deals. The Method has failings in both mathematics and logic. However because it does reflect or simulate an arms-length deal which takes into account past exploration effort and expenditure and an assessment of prospectivity at a particular point in time, it is felt that it can provide a reasonable approximation of trade value or asset value of a prospect, particularly if used in conjunction with other methods.

Jan 1, 1994

By I Sheppard, A Hills

This paper describes a multi-lift bench stoping method introduced recently to extract the narrow silver-lead-zinc orebodies at the Isa Lead Mine. Cut-and-fill methods were chief mining methods for the narrow orebodies at the mine over 35 years ago. Benching methods were introduced approximately two decades later, and quickly replacing the cut-and-fill methods. The benching methods had improved both the economy scale and safety of the mining operation. The multi-lift benching method combines a number of bench lifts into a single stope to further improve the operational efficiency. Three stopes in the initial multi-lift benching trials are described.

Jan 1, 2003

By Gee C. E

Ore reserves at the Kambalda Nickel Operations of Western Mining Corporation are estimated using the polygonal method for calculating areas of influence of drillholes. All raw assay and survey data are stored on one disk pack on the Company's CYBER 73 computer located in Perth, about 600 km from Kambalda. The initial step involving the computer is to search all assay data and calculate all potential ore-grade intersections. As the orebodies are thin, structurally complex and many are in close stratigraphic proximity, the selection of intersections which have the best grade over at least a minimum mining width involves complex logic. The orientation of an ore surface at each drill intersection point and a zone code are added to each intersection by the geologist from geological plans prepared for each ore surface. The orientation data together with downhole surveys enables the calculation of inter- section true widths and the zone code links each recalculated intersection to the appropriate ore surface.

Jan 1, 1977

By Palmer DJ, Bain JH, Pullen JB

Over the last ten years at Risdon, zinc production capacity has almost doubled. This has resulted in modifications, many of which have affected zinc deposition operating conditions in the cells. Some of these changes appeared to have affected average current efficiency to such an extent that a special investigation was initiated, using multiple regression analysis to assess historic cell unit operating para- meters. The study highlighted the importance of certain parameters in maintaining maximum current efficiency for zinc deposition from !Risdon purified solutions under conditions of !changing current density, acidity and zinc con- centrations. Maximum current efficiency was obtained only within a zinc to acid ratio in cell electrolyte of 0.45 - 0.55 and a residual zinc concentration greater than 48 g.1-1, irrespective of actual zinc concentration or The investigation also established: ieters giving minimum power consumption at termined current density; the effect of ntration changes in common impurities on nt efficiency; the existence of high s of some impurities in solids precipit- in the cells and pure solution tanks.

Jan 1, 1975

The classic description of Project Finance as "the reliance by lenders on the cashflow of a project, supported by the assets of the project with no recourse to the project sponsor's corporate balance sheet" has, like most other terms in the finance industry, evolved through recent usage. The area now under most scrutiny is the sharing of risks between parties either most able to take them or prepared to accept payment for them. Creativity in, and flexibility of financing structures have enabled project lending to continue under a dramatically different economic outlook. The diminishing competitiveness of the Australian producers in a global market place of uncertain commodity prices has discouraged the advancement of many large scale resource projects. The majority of new project financings has been designed to assist the relatively small company promote and develop its first projects. New trends- are emerging in four areas: sources of capital; borrowing structure; financing instruments (securitisation); and risk underpinning. As project financing becomes more widely used, the range of interested financiers grows. New initiatives contribute to its development and evolution with a view to increase effectiveness to the sponsor of any new venture.

Jan 1, 1987

An international raw material partnership, a $164 million 900,000 long ton per year aluxAna plant; an ideal location at Gladstone, Queensland, Australia - this is Queensland Alumina Limited, on stream in 1967 expanded 50 per cent by the end of 1968. Queensland Alumina Limited is the world¦s most modern alumina refining operation which is owned by an international consortium of four companies; Kaiser Aluminum & Chemical Corporation of the United States with 52 per cent; Alcan Aluminium of Canada with 20 per cent; Pechiney of France with 20 per cent; Conzinc Rio Tinto of Australia, 8 per cent. Q.A.L. operates as a co-operative -- the partners do not draw profits from the venture. Instead, each member of the consortium draws alumina in proportion to his share of the ownership. The method of disposal of this alumina is for the partner to decide.

Jan 1, 1969

Diesel-engine exhaust emissions represent a concern to the mining industry due to the poten- tially harmful health effects of the pollutants, as well as high costs associated with providing proper ventilation to assure a healthful working environment. The control of exhaust emissions is complex since the operating mode and condi- tion of the engine, the mine environment, and the operator's skills all influence the concen- tration and composition of the emissions. It is not practical to measure each exhaust pollutant in underground mines; therefore, a monitoring methodology is required to measure the pollut- ants and assess the air quality.

Jan 1, 1988

By Ormsby W, Peters M, Van Gils H, Kehprens P, De Boorder H

The northern margin of the Arunta Block is characterized by a metasedimentary and volcanic sequence of lower metamorphic grade than that of the central Arunta Block. Whereas the Harts Ranges have granulite to amphibolite metamor- phic grades, the northern margin only reached greenschist to lower amphibolite facies. Most of the high grade area of the central Arunta Block appears to be unprospective, but the lower grade marginal fringe contains most mineral pros- pects to name a few: Barrow Creek, Molyhill and the Jervois Mine. Numerous smaller prospects occur in this marginal zone. Four major lithostratigraphic units can be recognized in the Jervois Mine area: 1. Gneissic Suite consisting of granitic and rhyolitic gneisses which are characterized by a distinct intersection lineation. 2. Metasedimentary Suite of cordierite- biotite schists and chlorite-biotite schists. 3. Mine Sequence, consisting of spotted schists with andalusite and cordierite, quartz- sericite-feldspar schists with distinct rhyo- litic remnants and quartz-sericite-feldspar schists which contain the lode horizons:

Jan 1, 1984

The introduction ofa submerged entry tundish nozzle incorporating a cylindrical internal space for argon distribution to its inner bore slab is described. In co-operation with the refractory supplier, four major phases of nozzle development have been undertaken. Problems as well as successes are outlined.Significant reduction in alumina clogging ofnozzles has been achieved along with a decrease in nozzle consumption, using resin bonded alumina graphite with up to 4 different materials "zoned" to give resistance to thermal shock, gas leakage, and erosion.

Jan 1, 1985

It is well known that in most areas of Central Europe it is not difficult to find water - usually at shallow depths - and to recover and use this water. What is much more difficult, however, is to find water sources that offer both sufficient in quantity and qual- ity. Far too often, there are sources that offer abundant quantities but of poor quality or vice versa, i.e. high quality water but insufficient volumes. In the former case where water quality is not adequate - which is more often than not due to anthropogenic factors and only very rarely a result of geogenic effects - the application of treatment techniques can help to turn such water into potable water that is suitable for human con sumption.

Jan 1, 1988

Mount Isa Mines Limited commissioned the Heavy Medium Plant in August 1982. The first processing stage using Mogensen Sizer 2056 dry screens, experienced unresolvable cloth blinding problems in attempting to separate fine, damp Lead/Zinc ore at 1.7 mm. A large proportion of the fines incorrectly reported to oversize and hence to the wet preparation screens. This wet preparation screen overloading produced multiple operating and maintenance problems. The plant configuration precluded retrofitting any alternative proprietary screen. An internal Mount Isa Mines research and development programme was established to design and build a screen to achieve the required per- formance within the site constraints. The resulting ISA SIZER screen has exceeded metallurgical performance expectations. A `clean sheet' approach to the design also permitted elimination of maintenance difficulties experienced with the Mogensen Sizer. Four `production model' ISA SIZERS were installed in February 1988. The ISA SIZER screen, now fully developed is available commercially and will satisfy many screening plant requirements.

Jan 1, 1988

By C Gourdon

The present study concerns a new type of mixer-settler unit where coalescence is promoted by means of the phase inversion method (MSPI). Using two different systems (alkaline etching solution û LIX 54 in kerosene and acidic aqueous solution û LIX 984 in kerosene) the influence of the total flowrate, the A/O phase ratio and the hydrodynamic conditions in the nozzles of the scattering device on the extraction and separation efficiencies are studied. Two modes of operation are clearly outlined and a theoretical model predicting the separation efficiency is proposed and compared to experimental results. A comparison between mixer-settlers with classic decanters and the MSPI unit has demonstrated the advantages of the latter where throughputs in the range 20 -25 m3.m-2h-1 can be easily realised.

Jan 1, 2000

The Lower Palaeozoic Woolomin Association is composed of chert and jasper (often radiolarian), siliceous argillite, the mafic volcanics with associated hyaloclastites, and occasional greywacke and limestone lenses. Several "Cyprus-type", conformable pyritic copper (+/- zinc and cobalt} sulphide lenses are spatially related to individual mafic volcanic units and manganiferous chert and/or jasper. The Association has been interpreted to represent an oceanic crustal remnant generated either in an island arc environment (Herbert, 1981) or at a divergent plate boundary (Scheibner and Glen, 1972; Leitch, 1974a, 1975) later to be obducted, or tectonically emplaced, into continental crust; the adjacent Peel Fault was considered to be the palaeo-obduction zone (Scheibner and Glen, 1972) and the associated alpine-type mafic/ultramafic complex, an ophiolite (Crook and Felton,1975).

Jan 1, 1990

The relevance of borehole and bore core evaluation to the design of underground coal mines is illustrated by considering the technical parameters of colliery design and the information from which they are constructed. The nature of this information is described, together with some methods for its storage, processing and presentation. Geophysical exploration techniques are compared as information sources. It is concluded that borehole and bore core evaluation is relevant and necessary for colliery design, but that optimum results will be obtained if drilling can be combined with geophysical techniques. Because of the inherent uncertainties in prediction of mining conditions the necessity of obtaining as much information as practicable from drilling evaluation is also stressed.

Jan 1, 1977

The Green Parrot and Reward stratabound silver-lead (copper-zinc) deposits are located in the eastern part of the Arunta Block. At Green Parrot, mineralisation is contained within a north-south striking lode horizon comprised of elongate lenses of massive garnet or calcsilicate-carbonate "lode rocks" with intercalated sericite-biotite schist and laminated biotite-feldspar schist. The "lode rocks" are increasingly calcareous to the west. The mineralisation is broadly zoned with an increase in lead content and decreases in copper and silver contents from east to west. The principal sulphide minerals are galena, sphalerite and bornite. The Reward deposit lies adjacent to a lens of massive garnet "lode rock" which is contained within garnetiferous sericite-quartz schist. Primary mineralisation consists of galena, chalcopyrite, sphalerite and pyrite. Both deposits are associated with a substantial thickening of the lode horizon which is narrow and discontinuous along strike from the Green Parrot and Reward deposits.

Jan 1, 1984

As modern techniques of Petroleum Exploration and Development are rela-tively new in Australia,2 the alien terms "Mud Logging" and "Core Analysis" will bear explanation. Mud Logging and Core Analysis are two of the Petroleum. Industryts most useful "tools" in the successful search for, and development of, commercial oil and gas deposits. Modern Mud Logging could be more accu-xately termed "Drill Cuttings and Mud Gas Analysis". Presently, mud-logging has its greatest application in exploratory wells where subsurface geologic control is at a-minimum.

Jan 1, 1962

This paper deals with a few aspects of town planning and town management which affect human relationships within that town. Its scope is limited to the consideration of towns forming an adjunct to a mining operation, and particularly considers these aspects at the Hamersley Iron Pty. Limited, town of Parabur doo, Western Australia. Planning and standards of a new town and amenities are-discussed and related through living comfort to an effect on human relation- ships. Town administration and the promotion of many forms of social activities are dealt with in detail to illustrate the importance of quickly forming a cohesive community from a large number of newly arriving individuals. The results achieved by the planning and administration at Paraburdoo are highlighted by involving many residents by way of answers to a questionnaire.

Jan 1, 1973

The increasing introduction of high capacity mechanical equipment into the coal mines of New South Wales following. tforld War II brought with it problems of roof support. Rapidly advancing headings in difficult country could not be supported with heavy, close,timbering due to the time involved in installation and the reduction of available' space for the movement of machines. _ The installation of low cost, space saving, rapidly installed roof supports became a necessity if the new mechanical equipment wa-s to be allowed to operate at maximum efficiency. As, a result of experience in the United States of America, the system of roof support using steel reinforcing bolts began to find increasing, popularity in the mechanised mines in this State. From the somewhat'crude methods of in- stallation adopted in some of the, early trials, the practice of roof bolting has advanced into a-highly technical operation, requiring care and skill to ensure optimum results.

Jan 1, 1971

By V Kainulainen

Sandvik Tamrock Corp has developed an underground rock flow simulation tool OPTIMINEÖ which is a direct simulation tool for matching suitable technology in rock material flow for underground mine layouts and production requirements. The tool gives the possibility of determining intersections, limitations and critical points in the layout and working procedures at an early stage of a new mine/mining area planning process. The tool combines the supplier machine knowledge with operational know-how and mine environment. It can be used for identifying the effect of an individual incident such as the effect of one additional turn in a continuous loading cycle to the daily capacity. This paper discusses the way the OPTIMINEÖ simulation tool operates, the benefits and restrictions, and reviews how it simulates some example cases and how the mines benefit from the tool in maximising the performance and optimising the mobile fleet, scheduling work and fine-tuning the layout.

Jan 1, 2000

By McLeod RL

The Mt. Morgan mine, located 36 km SSW of Rockhampton, Qld at Lat. 23¦38' S, Long. 1500 22'E, is hosted by a Middle Devonian sequence of acid volcanic rocks and sediments. The Upper Nine Mile Creek (UNMC) prospect, 14 km SE of the Mt. Morgan mine, is in an ap- parently equivalent sequence of rocks. The Late Devonian Mt. Morgan Tonalite separates the two areas. The Mt. Chalmers mine, located 27 km NE of Rockhampton at Lat. 23¦ 18' S, Long. 150039'E, is hosted by the Early Permian Berserker Beds. These three volcanogenic massive sulphide deposits show pronounced similarities in their host rock lithologies and stratigraphic-struc- tural settings.

Jan 1, 1987