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The ""multiple of exploration expenditure"" method of mineral valuation is applicable to exploration properties from the earliest stage of exploration to a moderately advanced stage but for which no resources have been delineated. While not recommended as a primary valuation method by some workers, others believe it to be the most satisfactory method of valuing exploration properties until it is possible to employ a DCF technique. In many situations facing the professional valuer, the method may represent the only semi-quantitative option available and is frequently used. Significantly it often forms the starting point in discussions to farm-in on an exploration tenement. The paper briefly reviews the definition of value as applied to mineral valuation and in particular examines the relationship between fair value and market clearing price in ""fair"", bull and bear markets. The multiple of exploration expenditure method uses previous exploration expenditure and/or future committed exploration expenditure to derive a base value for the tenements. This base value is multiplied by a prospectivity enhancement multiplier (PEM) with adjustments for market premium or discount and consideration of the quality of the exploration team to derive a fair value for the tenements. The paper will demonstrate that there is no necessary nexus between fair value derived from the method and present book Values.

Jan 1, 1994

Recent developments in engine, transmission and control technology, likely to give rise to improved performance and efficiency of underground mobile equipment, are reviewed. Turbocharging and the electronic control of fuel pumps and injectors can improve diesel engine performance whilst minimizing exhaust emissions. Ceramic materials promise further improvements in engine efficiency. Nevertheless, electrically powered machines, equipped with trailing cables or 'travelling plugs' are expected to find increasing application where there is less need for flexibility and where the cost of ventilation and heating or cooling makes diesel engines unattractive. Voltage to frequency converters and induction motors appear to have a future in mains powered machines. Vehicles employing energy storage in the form of batteries or flywheels will find increasing application, but it is expected that they will remain a minority until there is a significant break-through in battery technology. Hydrostatic transmissions having high power density and efficiency are likely to be used more widely. Electronic control systems are likely to be used to simplify jobs and to improve performance and productivity. Enhancement of remote control systems is to be expected for work in unsafe areas, but true robot operation is considered unlikely for the moment. Attention to ergonomic factors should produce significant productivity gains.

Jan 1, 1985

This opportunity to present a few thoughts on the question of professional education and training comes at a most appropriate time. In Britain, a great deal of energy is being expended in this, so-called, post-Finniston era, to create a new look for the status of engineers and engineering by the Engineering Council. Naturally, the tune and the tempo are being called by the big institutions which essentially serve the manufacturing industries. However, the Engineering Council in Great Britain also includes the mining and processing institutions such as the Institution of Mining and Metallurgy (IMM) and so there is a chance - if it is taken - for us to contribute to the debate and the determinations that emanate from it. The IMM, of course, caters for the professional status of those engaged in the mining and minerals industries and includes many who do not see themselves as engineers. Nevertheless, the debate is important to these other groups whose livelihood is inextricably bound up with those who are engineers and there are many facets of the engineering policies being shaped that will, I am sure, eventually be enshrined in the requirements for professional status across all the various disciplines in our industry.

Jan 1, 1986

By K Baskaran, T McKenzie

Sustainability is becoming increasingly important in the mining and mineral processing industries and must incorporate the associated waste products. Acid mine drainage (AMD) is one such by-product and is one of the most serious environmental problems facing the minerals industry today. The oxidation of sulphidic mine wastes often continues for a substantial period of time after mine closure, resulting in difficult and costly remediation and rehabilitation works. Mining companies are often reluctant to spend increasing amounts of money on waste treatment when the mine life is limited or even finished. Hence a simple, low maintenance and low-cost method of treating AMD is required. Whilst this paper does not address the issue of AMD, it does propose methods for removal of individual species from AMD with potential benefits, including raising AMD pH. A novel concept of using biosolids as a biological adsorbent, or æbiosorbentÆ, of metals from AMD is being investigated at a laboratory/pilot scale level. Biosolids are a by-product resulting from the biological treatment of wastewater, and have been previously shown to adsorb metals from aqueous solutions. This could lead to an environmentally sustainable or ægreenÆ method for treating both AMD discharges and disposing/reusing the biosolids. The result of a laboratory-scale study of the biosorption of Zn(II) is presented in this paper. Physical parameters including reaction kinetics, mixing speed and solution pH were investigated. Solution pH also rose an average of 2 pH units over the 24 hour equilibrium time û a valuable side effect when treating acid mine drainage. The outcome of the study highlights the usefulness of biosolids as a biosorbent for the removal/recovery of metal ions from acid mine drainage. A simple, low-cost treatment technology requiring low maintenance would be beneficial to the mining industry to address some issues relating to AMD and would help integrate environmental and economic considerations into sustainable environmental management.

Jan 1, 2002

The mineralogy of ten trihydrate bauxites and their leached residues from bomb digestion tests at 140, 180 and 2400C was investigated and the resultsòcorrelated with analytical data. It is shown that increased recovery of alumina at high temperatures is due to. the dehydroxylation of goethiteòrather than the presence of alumina monohydrates. The effects of aluminous goethite -on the interpretation of "available alumina". results-and normative analysis are discussed and it is concluded that,'cautionòmust be exercised in interpreting the results of bomb digestion tests in terms of alumina hvdrates.

Jan 1, 1973

The kinetics of chlorination of alumina and bauxite with CO/CI2 mixtures were studied in the range 300-1100°C. The temperature of prior calcination is critical in determining the reaction rates. An optimum chlorination temperature in the range 600°C-750°C was demonstrated such that there is no increase in reaction rates with increasing temperature. This lack of rate sensitivity to rising temperature is largely a function of the influence of gaseous diffusion gradients in the porous alumina together with a progressive decrease in surface area.

Jan 1, 1976

Thank you and good morning. I am delighted to be here and to see so many of my colleagues and competitors. The general topic of this week's conference - World's Best Practice in Mining and Processing - suggests a focus on mining and processing. I am somewhat of a `jack of all trades and a master of none'. But I'm not even a jack when it comes to mining and processing technology and practices, and so I will leave those topics to speakers better 'qualified than I. Instead, what I would like to do is give you my thoughts on the best management practices of mining. You see, the times are changing for the mining business. There is great uncertainty in our industry. Anyone who received their education in an English-speaking school probably remembers the famous poem `Invictus' by William Ernest Henley. The two most famous lines from that poem are, if you remember, `I am the master of my fate; I am the captain of my soul'. The fact of the matter is that the metals industry, including the copper industry, is not the master of its fate. To a great extent we're at the mercy of forces over which we have little control, such as the world economy or political situations in individual countries. The copper industry is like a surfer at Manly - we can't influence where the wave is going; all we can do is stay in front of the curl and on our board. Historically, discovering, developing and processing ore reserves were the primary facets of our capital intensive business. To stay competitive today, we must invest equally in intellectual capital - our employees - in order to succeed in the face of economic, regulatory and political challenges and global competition (Schonberger, 1986). Everyone seems to have a different theory about being competitive. A lot of people use sports analogies when talking about competition. Others, like American businessman and former US presidential wanna-be Ross Perot, take a more interesting approach. In Mr Perot's hypothetical corporation, competition is a lot like having a snake in a factory. If someone sees a snake, the first thing they do is create a committee on snakes. Then, the committee on snakes meets and discusses the problem for a couple of years. The most likely course of action is nothing. Everyone figures that the snake hasn't bitten anyone yet, so they just let him crawl around the factory floor. Perhaps a vice president of serpentine affairs is appointed to continue watching the snake - making sure it doesn't grow. Ross Perot sees it a little differently. In his corporate world, business needs to build an environment where the first guy who sees the snake kills it. Of course in our industry, we better make sure the snake isn't on an Endangered Species List before we go after it! I am not going to talk about competition and competitive forces in terms of sports or snakes, but I would like to share some thoughts with you about how the mining industry can better utilise competitive thinking to get ahead and stay there. You may be wondering how an executive from a 160-year-old company could know much about competitive spirit, but the founding ancestors of Phelps Dodge were wizards at identifying

Jan 1, 1995

By W Lu, D Wang

Study of coal oxidation at low temperatures forms the basis of investigating the inherent properties of spontaneous combustion of coal. In general, the process of coal oxidation at low temperatures is very complex, involving many factors. Experiments examining the properties of oxidation and ignition of coal have been carried out. Based upon the results of these experiments, the catastrophe properties in the process of coal oxidation are analysed and the mechanism of catastrophe is proved for the ignition of coal. A folding catastrophe model is also established for the process of coal oxidation. Results obtained show that the process of coal oxidation to ignition is discontinuous, where the coal-environment system yields structure destabilisation. The system can jump from one stable attractor to another. The research results presented in this paper help to show the irregularities of coal oxidation at low temperatures and how to pursue effective control measures.

Jan 1, 2005

The use of rubber-tyred equipment in a decline mining system requires that roadways be kept free of running water. At Renison this is achieved by the use of stage pumping or gravitating to a major pump station and pumping from there directly to the surface. The frequent use of pick-up lines and pump boxes in the decline system provides a method of water control and reduces the amount of slimes in pump lines. The Bassett Fault structure, which lies on the hangingwall of the mine is the major source of ground water. This is encountered in diamond drill holes and exploration develop- ment. Dewatering of this structure is possible by controlling the flow from selected holes. Future pumping requirements may be predicted by analysing changes in the level of the water table and by calculating dewatering rates required to maintain ore reserves available for production.

Jan 1, 1977

Battle Mountain Gold Company's Paj ingo Mine is the first gold mine developed by the Company in Australia. The Mine located in northern Queensland commenced operations in September 1987. The high grade epithermal orebody is selectively mined and processed through a conventional carbon in leach/carbon in pulp (CIL/CIP) plant at a rate of 200000 tonnes per annum. In 1988 it produced 61000 oz gold and 152000 oz silver. Inadequate preoperational development of non technical management and organisational functions often leads to inefficiencies that last well into the operation. The Pajingo experience in this regard is oaTple ented by those from a number of other recently commissioned small operations. A checklist is discussed to assist any future preoperational group in focussing their attention into areas that seem to be of secondary importance at the time but often have a significant impact on overall management efficiency later.

Jan 1, 1989

By S Brunt

A new elution process has been developed for the recovery of gold thiosulfate from ion exchange resins. This is a synergistic system which utilises a base eluent, such as nitrate or trithionate, along with an additive that improves the elution of gold. The use of the additive enables lower eluent concentrations to be adopted, as well as weaker eluents such as chloride. With the chloride + additive system, complete gold elution can be achieved within 12 BV when utilising an eluent flow of 5 BV/h. When the eluent flow is reduced to 2 BV/h, complete elution is achieved within 8 BV. Similar results are obtained when using nitrate or trithionate as the base eluent. A copper pre-elution process has also been developed, whereby the majority of copper can be stripped within 5 BV prior to gold elution. This method is a significant improvement on the ammonia + oxygen pre-elution previously suggested. The development of a new analytical procedure based on ion chromatography with UV detection is also described for the quantification of polythionates in leach solutions and loaded on resins. This enables analysis to be carried out for resin-in- leach type processes where the polythionates are being formed in solution and simultaneously adsorbed onto the resin.

Jan 1, 2007

The process of refurbishment is not a precisely defined one. It is under- stood to mean an upgrading of a plant which is normally performed only once. The application of refurbishment in the field of materials hand- ling equipment poses particular problems because complex plants con- sist of individual components having quite different remaining service lives. For this reason, a systematic, proven procedure is proposed for the refurbishment of large materials handling equipment, designed to ensure economic implementation in accordance with the company goals. Rheinbraun2 has been using materials handling equipment since 1900, the largest units today being bucket-wheel excavators with a daily capacity of 240,000 bank cubic metres of overburden and a service weight of up to 13,500 t (metric tons). Since 1975, more than 50 large-scale refurbish- ment projects have been carried out in the company. In the process, refur- bishment has turned out to be the proven alternative to replacement of large materials handling equipment. Rheinbraun Engineering,3 a Rhein- braun subsidiary, carries out planning, consulting, and supervising work in the implementation of refurbishment projects in Germany and abroad. The most recent example is the refurbishment of Dredger 11 of the State Electricity Commission of Victoria in cooperation with Krupp-Australia, Melbourne.

Jan 1, 1989

As near-surface underground mines progress deeper, the inevitable question is whether to convert from truck haulage to shaft hoisting. The desire to defer capital expenditure frequently delays investigation of the shaft option, or deferral of a decision to start shaft sinking, unless the shaft option is clearly significantly better than trucking. By the time increasing depth makes trucking uneconomic, there may then be insufficient resource remaining to justify a shaft, and the mine must close. However, had the shaft been built earlier, its lower operating costs would have permitted the mine to continue to greater depths. This paper presents a methodology for investigating the shaft versus trucks decision. As well as the typical analysis of which option is preferable at the time the analysis is conducted, the process presented illustrates how the timing of the decision to sink a shaft is critical. The paper shows how to identify the latest date at which the decision to sink a shaft can be made, after which time the shaft option will not be economic. It also illustrates how to assess the resource that may be required to justify the shaft. Considering this in conjunction with the latest decision date, implications for the companyÆs exploration program are discussed.

Jan 1, 2005

By M P. Schwarz

In recent years, computational fluid dynamic (CFD) modelling of mechanically stirred flotation cells has been used to study the complexity of the flow within the cells. In CFD modelling, the flotation cell is discretised into individual finite volumes where local values of flow properties are calculated. The flotation effect is studied as three subprocesses including collision, attachment and detachment. In the present work, these subprocesses are modelled in a laboratory flotation cell. The flotation kinetics involving a population balance for particles in a semi-batch process has been developed. From turbulent collision models, the local rates of bubble-particle encounters have been estimated from the local turbulent velocities. The probabilities of collision, adhesion and stabilisation have been calculated at each location in the flotation cell. The net rate of attachment, after accounting for detachments, has been used in the kinetic model involving transient CFD simulations with removal of bubble-particle aggregates to the froth layer. Comparison of the predicted fraction of particles remaining in the cell and the fraction of free particles to the total number of particles remaining in the cell indicates that the particle recovery rate to the pulp-froth interface is much slower than the net attachment rates. For the case studied, the results indicate that the bubbles are loaded with particles quite quickly, and that the bubble surface area flux is the limiting factor in the recovery rate at the froth interface. This explains why the relationship between flotation rate and bubble surface area flux is generally used as a criterion for designing flotation cells. The predicted flotation rate constants also indicate that fine and large particles do not float as well as intermediate sized particles of 120 - 240 ¦m range. This is consistent with the flotation recovery generally observed in flotation practice. The magnitude of the flotation rate constants obtained by CFD modelling indicates that transport rates of the bubble-particle aggregates to the froth layer contribute quite significantly to the overall flotation rate and this is likely to be the case especially in plant-scale equipment.

Jan 1, 2005

In the early ages man contented himself with the use of such tools and appliances as would assist him in the enlightenment of his labours. With the advancement of science, numerous motives, with modifications and adaptations, have been introduced to enlighten labours, and in many cases have taken the place of man, but it can hardly be said that this applies to shovels, although one of the oldest implements of labour; certainly, with the introduction of the steam shovel the labours of man have been considerably reduced, but the hand shovel of today is used similarly to that of years ago.If the principle of the hand shovel has not been improved upon, it must not be suggested that the manufacturers of this article are not endeavouring to improve its quality, and the main point with which the manufacturers have to contend is the production of an article which will give a maximum of durability combined with a minimum of lightness. In order to accomplish this they must select suitable material, and subject it to such heat treatment process that will produce a shovel having a maximum of hardness and toughness without being unduly brittle, and which will withstand the excessive wear to which it is subjected.In this article an endeavour will be made to explain (a) the manufacture of shovels; (b) the defects commonly met with-the cause of same and measures which are necessary to remedy them.Before doing so a brief description will be given of the class of steel used for shovels; this is an important factor, and a steel which is admirably suitable is a plain carbon one containing approximately 55 - 70% C., and closely resembles that used for the manufacture of railway rails. This plain carbon steel is very extensively used, although at present alloy steels are being utilised to a certain extent for shovel manufacture, and with suitable heat-treatment.

Jan 1, 1926

By T Berryman

The Fimiston reserve is being depleted at the rate of one million ounces per year; most of which is processed by the Fimiston plant, with the remainder being stockpiled. As for most other large open cut mines around the world, Fimiston has an excellent dispatch and tracking system. Reconciliation is used to determine how the various models used in mine planning (such as a reserve, budget and schedule models) are tracking against production. It is also used to gauge the performance of grade control estimation against production; however, analysing the results of this can be complicated and, at times, misleading. The reconciliation process involves adjusting the monthly production data to equal the mill reported tonnes and grade, plus the change in stockpiles. This adjusted number is then compared to the grade control reported tonnes and grade, the scheduled model (monthly planning model) tonnes and grade and against budget (Reserve) tonnes and grade. This paper includes explanations of all assumptions made in the reconciliation process, including the end of month closing stocks balance, the application of adjustment factors to the dispatch data to create a new balanced set of production data and the monthly sign off to comply with the Sarbanes-Oxley requirements of the North American owners. The reserve is reconciled by proved and probable classification. This tool is used to assess the robustness of the classification scheme utilised and identify any reconciliation issues as they arise. Within the Fimiston deposit there are still issues that are clouded by the assumptions made concerning the scale of observation, poor data support and the mining of the narrow lode areas of the deposit. The declared ore mined (DOM) number (which is defined in the paper) can be significantly affected by these assumptions, and these need to be clearly stated and understood when looking at the reconciliation data. The DOM tonnes and grade is a good indicator of real mine performance as it adjusts mined tonnes and grade to take into account the milled tonnes and grade each month, and prevents cumulative errors from building up in mine predicted dispatch numbers or end of period stockpiles. This number allows monthly monitoring of the mine to mill performance and allows valid comparisons to be made back to budgets and reserves over a period of time. KCGM uses three month rolling averages to monitor performance against reserve and budget models. This ensures that monthly distortions in the figures due to stockpiling issues or over mining in a particular period do not lead to false conclusions. Reconciliation performance over a longer period (12 - 18 months) is used to adjust reserve models should significant variance be observed. By closely monitoring the reconciliation performance at the Fimiston operation, fine tuning of all aspects of the grade estimation process from reserve through to grade control can be made. This allows the most accurate data to be used when planning from reserve data for the Life of Mine Plan through to grade control data for short-term mill feed.

Jan 1, 2006

Congratulations on your considerable enterprise in securing the opportunity to have this international conference here in Brisbane - and congratulations on your success in attracting such a distinguished audience from so many nations, with such a broad selection of papers. It is a notable achievement that in the year in which Australia is celebrating two hundred years since settlers first came fran Britain, The Australasian Institute of Mining and Metallurgy is responsible for some ten major conferences, of which at least four are specifically international, or have a very strong international involvement.

Jan 1, 1988

Samples weighing 0·5 g are fused with potassium hydrogen sulphate, leached with 4 ml. of 4 M nitric acid and diluted to 10 ml. with water. An aliquot of the clear solution is treated with EDTA, adjusted with ammonia to give a pH value between 5 and 6 treated with cyanide, ammonia, and sodium diethyldithiocarbamate then bismuth diethyldithiocarbamate is extracted with chloroform and the yellow colour is compared visually with a standard series. Alternatively, the bismuth complex may be filtered on a "Millipore" filter and subjected to x-ray fluorescence spectrometry.

Jan 1, 1971

By C Fenton

The mining industry is a relatively minor user of water, which has historically been largely soured from private schemes. Frequently mines are often located in areas with limited available water resources. Water reform is increasingly affecting access to water for new mining projects and mining companies are being required to consider the value of water and the implications of reliability in their planning. This paper seeks to briefly review the water reform process in Australia and how it is affecting the mining industry with reference to some recent project experience.

Jan 1, 2003

Preparing for automated sample preparation has two facets; the need for better procedures as seen by the laboratory Manager and the approach to be adopted as envisaged by the equipment manufacturer. Both have many options and during the 1990s some at least of these options will be tried. As automation of sample preparation is only just beginning, can it be said that there is a real need for better procedures. What does automated sample preparation have to offer? Does it have real advantages or is it just a marketing tool to sell equipment?

Jan 1, 1976