Conference Proceedings
Narrow Vein Mining Conference 2012
Conference Proceedings
Narrow Vein Mining Conference 2012
Why do Shareholders and Mining Executives Allow Mine Managers to Leave Behind High-Grade Broken Ore Underground?
The paper describes challenges the author has encountered on Australian underground gold and nickel mines over the last eight years, when recovering high-grade gold/nickel bearing mine floor material with a mobile supersucker/giant vacuum cleaner and other equipment. Whilst for a number of years the mine floor vacuuming and other mine floor clean-down technologies have been accepted/adopted and are working well in other parts of the world and on the South Australian opal mines, regrettably, they have not yet gained acceptance of mining executives and mine managers of gold and metal mines in Australia, who still elect to leave the never to be recovered gold/metal behind or to put it plainly - waste it.For reporting purposes during the mining process, the portion of gold/metal included in calculation of ore reserves prior to obtaining capital funds for their development, continues to be camouflaged in various reconciliation and call factors. This approach, ie wasting of capitally developed and already broken ore stocks should be viewed by the shareholders as totally inappropriate to say the least, especially with the current gold and other metals prices.The author attempts to provide answers as to why the technology referred to above has not yet been accepted on Australian gold and metal mines and outlines the way forward.CITATION:Biegaj, K, 2012. Why do shareholders and mining executives allow mine managers to leave behind high-grade broken ore underground?, in Proceedings Narrow Vein Mining 2012 , pp 197-206 (The Australasian Institute of Mining and Metallurgy: Melbourne).
Contributor(s):
K Biegaj
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- Published: 2012
- PDF Size: 0.751 Mb.
- Unique ID: P201202021