Tuning flotation circuit operation as a function of metal prices

"This paper examines the economic advantages of tuning the operation of a differential Cu-Zn flotation circuit as a function of metal prices. Three operating strategies are considered in the analysis: 1) the operation of the circuit at planned copper and zinc concentrates grade with maximum recovery of both metals; 2) the operation of the Cu circuit at maximum copper smelter return per ton of ore and of the Zn circuit at a maximum zinc smelter return per ton of ore; and 3) the operation of the circuit at maximum copper and zinc smelter return per ton of ore. The second strategy tunes the copper circuit independently from the zinc circuit, while the third strategy tunes both circuits simultaneously IntroductionMetal prices play a very important role in the mineral industry (Malhotra and Dowling, 1991). In many cases, metal prices can be the basis for the GO/NO GO decision of a mining project (Malhotra and Dowling, 1991; Apostolides, 1983; Davis, 1996). This direct impact of metal prices on company revenues is highlighted in many annual reports. The 1995 Noranda Annual Report indicates that a variation of 10% of the copper price impacts its yearly revenues by $25,000,000. Some mine operators claim to mine stopes as a function of metal prices (Liimatainen, 1996; Hartman, 1992). This impact of metal prices is also recognized by mill operators that seek strategies to tune ore processing circuits to maximize revenues from the concentrate they sell to smelters (McKee, 1991; Barker et al., 1989; Hales and Ynchausti, 1994; Cipriano et al., 1995). In many cases the problem of tuning the operation of an ore processing circuit is complicated by the fact that the ore contains two or more valuable metals which have to be recovered into separate products. The Agnico-Eagle (Robitaille and Cousin, 1995) and Barrick East Malartic (Pelletier, 1996) Cu-Au mines are examples, as well as the Cu-Pb-Zn Brunswick mine (Shannon et al., 1993) or the Cu-Zn Louvicourt (Whiteway, 1995) and Selbaie (Wright, 1995) mines."