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By Carter D

The Chairman of this afternoon's session is Dick Carter. This afternoon is the culmination of this conference. We've looked in the first session at regulation; in the second session at valuation techniques and this session we look at valuation in practice. Dick's involvement in the mineral industry has been wide ranging and distinguished. Dick has worked with BHP since 1960, when he joined BHP Steel as a commercial trainee. Dick holds a B.Comm. from the Newcastle University College of the University of New South Wales and was educated at the Australian Administrative Staff College and Harvard Business School Advanced Management Programme. During the past decade, he has headed the minerals group's Aluminium Divison, Resource Planning and Development, Non-Ferrous Metals and Business Development Organisations. Dick currently serves as Executive Director of BHP Gold Mines Limited and Managing Director of Ok Tedi Mining Limited. His experience covers Australian Manganese Company, Mineral Deposits Limited, Northern Rivers Rutile, Tasmanian Electrometallurgical Company Limited, Mount Newman Joint Venture, Worsley Aluminium and Carnilya Hill Joint Venture Operating Committee. His industry associations include the Executive Board of the Gold Producers Association, the Federal Executive of the Australian Goldmining Industry Council as well as the World Gold Council. Ladies and gentlemen, Dick Carter.

Jan 1, 1989

A review of publicly available coronial inquiries into fatalities that have occurred within the resources sector since the year 2000 reveals that a loss of corporate memory has been a contributing factor in 40 per cent of these accidents (National Coroners Information Service, 2010, Appendix B). With the highest levels of employee turnover within the Australian economy, increasingly complex operations and an ageing workforce, the management of corporate memory within the Australian resources industry poses a significant and often unrecognised safety risk.    The North Parks airblast of 1999 is used as a case study to highlight how corporate memory loss poses a significant hazard to resources projects and how such incidents will continue to occur if corporate memory is not effectively managed. Best practice from other industries is discussed to demonstrate how knowledge management systems can effectively work. This paper discusses how systems can be put in place within the geographically diverse resources sector, and how at the heart of any knowledge management system a culture of knowledge management needs to exist within an organisation.   The paper then discusses the importance of retaining key personnel and utilises findings from primary survey data collated in 2009 to show the size of the retention problem within the industry. From the data possible solutions to retaining key staff are proposed.   Finally the large and increasing role of contractors and consultants within the industry is discussed and methods of managing their knowledge are proposed.

Jun 1, 2010

North Broken Hill Limited came into prominence as a producing mine at· the commencement of the present century, when a great many of the disabilities experienced in earlier mining operations th:rough lack of adequate stope filling had been overcome.The northern or narrower ore-body was first mined in the upper levels and, in the early stages, no great difficulty in mining was experienced. In depth, under the influence of its northerly pitch,. the wide southern ore-body entered the North mine between the 400 and 500-ft. levels. Owing to its flat dip and the relatively weak nature of the hanging wall and footwall, the value of close filling was recognized and this policy has been followed throughout the life of the mine. This feature undoubtedly contributed to the freedomfrom "creep" action to which some of the older mines had been subjected.The Broken Hill lead-zinc-silver ore-bodies occur as well defined replacements of favou:rable horizons, in intensely folded Pre-Cambrian sedimentaries. In the North mine two main replacement zones occur, the Gre being found where the beds are involved in a certain set of minor folds. The resulting ore-bodies are roughly elliptical in cross-section, the long axis of one being north-east of, and somewhat offset from the long axis of the other. The ore-bodies pitch eastwards at 40° and dip northwards at 60° in a fairly regularmanner. The southern Ore-body has an average length of 700 feet and an average width of 90 feet with a maximum width of 230 feet, whilst the nonhern ore-body on the lower levels averages 500 feet long and 40 feet wide.

Jan 1, 1940

The mineralogy of the crocidolite (blue asbestos) veins at Wittenoom Gorge was examined to determine the cause of failure to recover soma of the fibre by the ore-dressing methods currently being practised. As a, result of this yamina.tion, several fo.Ctors pertinent to the problem were found to be a function of the pa.ragenosis of the veins. The occurrenceof magnetite from tho'cap rock within the veins was thought to be preventing fiborisation during troo.tment. Several petrologic features are described and their relation to the ore genesis is discussed, Comparison with the crocidolite deposits of the Union of South Africa is also considered.

Jan 1, 1963

On the basis of the data known on formation, characteristics and stability of solute heavy non-ferrous metals under different temperature and pressure conditions and different concentrations of substances dissolved it is found to be possible to obtain a condition of mineral formation resulting in selective production of free-floating minerals. This process of forced mineral formation has been taken as a basis of new methods of refractory copper raw materials concentration, complex processing of lead dust from copper smelting plants, lead flotation tailings final concentration and of those of polymetallic ores concentration. This list of effective utilisation of the process is not exhaustive (Bekturganov Abishev and Shkodin, 1987; Bekturganov and Sim, 1987; Bekturganov, 1988; Abishev and Bekturganov, 1989; Bekturganov, 1989a). To understand the character of the sulphurising thermodynamic and kinetic examination have been done. Analysis of conditions of the newly formed mineral associations formation and stability facilitates the elaboration of methods of improvement of results of the valuable components selective separation.

Jan 1, 1993

This paper discusses recent ore reserve methodology at the Woodlawn base metal Mine in New South Wales. The ownership of the Mine changed hands in 1987 and a number of revisions to ore reserve practice were instigated by the new operators. While the overall modeling and calculation procedure remained essentially unaltered, the modifications and revised assumptions significantly increased the ore reserve. While general ore reserve procedures are discussed in this paper, it is the impact of these changed assumptions on the reserves which is our main focus.

Jan 1, 1990

A new approach to strategic planning, the Life of Business Optimisation System (LOBOS) optimises production systems from the scale of stopes in a single mine to an entire business strategy consisting of multiple mines and products competing for capital and processing capacity. LOBOS has optimised cash flow for a wide variety of operations, including large metalliferous or coal mines and as an aid to high-level strategic business optimisation solution to multi-mine/processing/product complexes. This paper discusses the application of optimisation technology to strategic planning with an emphasis on project evaluation with examples on the application of LOBOS to a variety of recent projects.

Jan 1, 2007

By S A. Johnson, J Cassidy, J L. Mauk

Geophysical anomalies at Puhipuhi reflect both diverse lithologies and different degrees of hydrothermal alteration. Most significant is a strong negative gravity anomaly (up to 50 g.u.), encompassing but extending beyond areas of known alteration, which is modelled as a deep zone (up to 3 km) of reduced density in the host greywacke basement. This zone, interpreted as being due to alteration (at least in part), closely correlates with the extent of overlying basalt flows. The gravity data indicate that the most intense alteration occurs below the basalts and correlates with the location of previously inferred hydrothermal upflow zones. These observations suggest that the basalt may have acted as a cap rock to a mineralising geothermal system. Aeromagnetic data identify highly variable but typically low magnetisations in the basalts which suggests that alteration may have been contemporaneous with volcanism. These geophysical data at Puhipuhi confirm the locations of centres of known alteration and suggest potential exploration targets below the basalt cap where there is no surface manifestation of alteration. Further implications of these results are discussed in Locke et al. (1999).

Jan 1, 1999

The gold industry has been revolutionized in the last decade by market forces and technological changes. The latter are discussed in this paper, with particular emphasis on carbon-in-pulp (CIP) and heap leaching. The nature and scope of the process development aspects of a gold project are considered, and factors which determine process decisions are outlined, including the choice of CIP versus carbon-in-leach (CIL), agitated leaching versus heap leaching and treatment of ores containing copper and silver. Likely directions for development of gold processing in general are discussed, and metallurgical process options for treatment of ores of platinum group metals (PGM) are outlined.Metallurgical process development for gold and platinum group metals proceeds through a number of well defined stages, with input from various disciplines and information sources. The orientation phase will include preparation of a general project overview; careful consideration of the issue of sampling and sample preparation; characterisation of the resource in terms of ore types, mineralogy, chemical composition; development of appropriate methodology; and development of an understanding of the potential metallurgical unit operations.The process definition phase will be-'directed to development and definition of a notional process flowsheet, and will include identification and appraisal of process options; development of, notional process flowsheets; testing of flowsheets against ore types; ranking of flowsheets; initial engineering, including preliminary mass balances, equipment selection and plant layout; and broad-brush economic appraisal.

Jan 1, 1986

No paper was submitted for the proceedings, verbal presentation only (no material available).

Jan 1, 1998

The paper briefly discusses the benefits to proponents of a formal environmental assessment process. It is argued that any process should be fair, cost effective and efficient, involve all affected parties, and should identify important issues at an early stage. The paper outlines the procedure used in Victoria, and the ways in which it attempts to address the above criteria.In conclusion the paper discusses progress towards a national approach to Environmental Impact Assessment. This is currently being pursued by the Australian and New Zealand Environment and Conservation Council.

Jan 1, 1992

By Mukherjee R, Bandopadhyay S

Three applications of fuzzy logic in mineral exploration show the possibility of providing feasible solution and allow greater freedom in decision-making processes for geoexploration data which may be ill- defined, biased or where apriori infor

Jan 1, 1998

The economic valuation of mineral prospects usually involves DCF analysis of expected revenues and costs. Traditional approaches deal with price uncertainty by considering different price scenarios and may even consider cases where prices drop sufficiently for production to be suspended temporarily. This paper outlines recent extensions to the methodology derived from finance theory. We present a simple analytical model that focuses on the value of operational flexibility where future prices are uncertain.

Jan 1, 1988

This paper will provide an overview of the coal mining industry operating in the Wollongong area, covering: the history and heritage of mining in the Illawarra region;unique features affecting mining in the region û opportunities and threats;current mining operations in the area;challenges facing coal mining in the region, including managing environmental impacts and seeking community support for mining approvals; andthe future for coal mining in the region. The paper aims to showcase the size and history of the coal mining industry around Wollongong and to emphasise the specific benefits and challenges that are faced by companies operating coal mines in such close proximity to urban and environmentally sensitive areas.

Jan 1, 2008

Jan 1, 2004

By J Parmenter

Issues around water û its quality, use, availability and environmental value û can be a major point of tension between mineral projects and local communities. Failure to manage these issues appropriately can jeopardise the obtaining of regulatory approvals for new projects and place at risk the æsocial licence to operateÆ of existing operations. Conversely, there may also be significant opportunities for companies to engage constructively with communities over water issues and to make a positive contribution to the sustainable development of these communities. Using case studies, this paper will explore the various types of social risks and opportunities associated with water and mineral resource development and identify key learnings relating to the management of these issues.

Jan 1, 2006

The optimisation of human resources provides the path to improving productivity. British Coal has the goal of competitiveness with a quality product in ensured supply. High class skilled professional management teams will analyse job definition and selection procedures for posts, as well as objectives for and delivery of effective management training.Some fundamental changes in attitudes towards training as a means of achievement may be by managers at all levels self-examining their abilities to improve their styles, and by moving training more into the world of high technology techniques. The resulting improvements to management and training with attendant cost benefits will be enjoyed by the companies responding most effectively to these challenges.

Jan 1, 1991

By G Hobart

Laboratory flotation tests were conducted to investigate the role of pH, zinc sulfate and potassium metabisulfite in the flotation of galena and marmatite in the Broken Hill orebody. Marmatite was depressed under alkaline conditions alone, however the addition of the two depressants, either individually or combined, resulted in the greatest selectivity. The use of zinc sulfate under alkaline conditions resulted in good selectivity whilst maintaining a high lead recovery. The addition of potassium metabisulfite under alkaline conditions reduced zinc recovery, but high additions reduced lead recovery. The addition of both depressants at alkaline pH produced the best result, with a lead concentrate of 72.6 per cent at 98 per cent recovery with less than four per cent zinc recovery.

Jan 1, 2005

By Michot LJ, Kongolo M, De Donato PH

Diffuse Reflectance Infrared Fourier Transform Spectroscopy (DRIFTS), Hallimond tube flotation tests and microelectrophoresis measurements have been used to investigate the reactions involved in the adsorption-ion of K-amyl xanthate on finely ground pyrite. Pure pyrite was finely wet ground, at different pH values, in specially built laboratory stainless steel or iron rod mills. Amyl dixanthogen was the only product identified on the surface of pyrite when stainless steel rods were used. When iron rods were utilised, ferric xanthate and physically adsorbed xanthate ions were observed in the superficial phase. The use of iron media was found to depress slightly the floatability of the mineral.

Jan 1, 1993

By J-M Rendu

Substantial progress has been made over the last ten years in the development of uniform national and international standards covering the definition, estimation and public reporting of mineral resources and mineral reserves. Agreement between the major participating countries has been reached, which includes the requirement that a Competent Person prepare and approve publication of mineral resources and reserves. Most national regulatory organisations have accepted the new standards and have included them in the rules that must be followed by mining companies operating under their jurisdiction. These developments are the result of a concerted effort on the part of professional societies, national regulatory agencies, international organisations, and many dedicated individuals. The historical development of these standards is summarised in this paper. Accepted definitions of mineral resources and mineral reserves are discussed, as well as the definition and role of the Competent Person. Additional effort is needed before the international standards are fully understood, accepted and followed by mining companies, regulatory agencies, the investment community and the general public. Steps being taken toward development of an International Code are outlined.

Jan 1, 2002