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"This document sets out the Exchange’s expectations and requirements for a valuation of mineral properties and outlines: the general purpose of valuation reports; guidelines respecting circumstances where the Exchange will require a valuation report; and valuation standards, guidelines and methods that are generally acceptable to the Exchange, 1. IntroductionThis Appendix sets out the Exchange's expectations and requirements for a valuation of mineral properties and outlines:(a) the general purpose of valuation reports;(b) guidelines respecting circumstances where the Exchange will require a valuation report; and(c) valuation standards, guidelines and methods that are generally acceptable to the Exchange.Mining industry standards and guidelines for valuations and valuation reports can be found in the Canadian Institute of Mining, Metallurgy and Petroleum Standards and Guidelines for Valuation of Mineral Properties (""CIMVal"") published in February, 2003 (www.cim.org). CIMVal consists of two parts, Standards and Guidelines. The Standards are mandatory and must be followed in order for a valuation to be CIMVal compliant. The Guidelines in CIMVal are not mandatory, but are strongly recommended.The Exchange requires that CIMVal Standards be used by Issuers and their professional advisors when preparing valuations and valuation reports on mineral properties. The CIMVal Guidelines should be followed by Issuers and their professional advisors in preparing valuation reports on mineral properties, with the exception that the valuation methods and guidelines under Section 4 Acceptable Valuation Methods and Guidelines below, must be followed."

Jan 1, 2003

By Karl J. C. Harries

"5.1. INTRODUCTIONThis chapter is intended as a general overview of the subject of royalties between private parties – royalties extracted by governments are not dealt with. This same subject is covered in detail in Volume II, which critiques many sample provisions taken from agreements, giving both pros and cons. If you find something that interests you in this chapter, check Volume II for extra information. Detailed cross-referencing to Volume II has not been attempted, however, most subjects mentioned in this Chapter will also appear in Volume II, usually in greater detail. Reference should be made to the Index.A Brief History of Royalties1In the early days of mining in Canada, the tendency was to sell a claim for cash and to move on, using the stake to look for and stake more prospects. As prospectors became more sophisticated and Canada’s North opened up, the market for properties and the number of mining properties available increased dramatically. Speculation and the practice of consolidating several small properties into one large holding entity became common. In “hot” areas, the speculators2 could far outnumber the prospectors, many of the former having little or no prospecting expertise but lots of market and promotional savvy. However, to consolidate a number of small parcels into one large project can be expensive, and many of the parcel owners became interested in keeping a share in the project, rather than giving up everything. Speculators who were trying to consolidate small parcels wanted to minimize cash payments to parcel holders (usually they did not have much cash and preferred it flowing in their direction rather than away from them). Accordingly, non-cash transactions were developed to meet the aspirations of both owners and speculators."

Jan 1, 2003

By Lawrence Devon Smith

"The Management and Economics Society has undertaken a survey of industry practice in the evaluation of mineral projects. The survey addresses a number of issues relating to evaluation techniques, discounted cash flow methodology, and risk. Completed during the spring and summer of2005, the results provide a record of opinion at an active and vital time in our industry.The 2005 survey questionnaire was distributed by e-mail to groups and organizations around the world. There were 22 respondents out of several hundred questionnaires distributed (we gather this small proportion of respondents is typical for such surveys). The responses, although a small number, show a consistency that suggests that the survey has captured the views of the industry. The results of the survey are summarized below in series of tables and graphs.The reader is cautioned that the results are a snapshot of industry practice at a point in time as represented by a small sampling of the industry's practitioners. These results should be viewed as indicative values."

Jan 1, 2003

By Karl J. C. Harries

"10.1. INTRODUCTIONDefinitions are a necessary part of every agreement. Their purposes are to assist the reader in reading and understanding an agreement and to attempt to avert potential confusion and, therefore, disputes. In some circumstances, they may be critical in deciding a dispute. As they are often substantive, they should not be treated lightly.It is far easier and less confusing for a reader to read “the Company” or “the Recipient” than to be faced with “the party of the First Part”, or to see the “Jones Property” than “that part of the property hereinbefore described in paragraph 1.01 hereof”. It is also advisable not to use “-ee” and “- or”, as in payee and payor.One thing must always be remembered: once a word has been defined in an agreement, it will always have the defined meaning unless the contrary is clearly indicated or is required to make sense of a provision.2 It can be confusing for a reader if commonly used words are defined in other than ordinary terms. Unique words that will stand out in the text are more likely to be recognized as having special meaning. It is also good practice to identify defined terms by capitalizing them in the text of the agreement. Boldfacing of definitions is also sometimes used for this purpose but, as boldfacing is not easily identified in handwritten revisions, it can be missed in the press of negotiations, especially when several typists are involved. Lack of consistency in identifying defined terms is not a fatal mistake, but it can create confusion, especially if the reader is new to the agreement or is reading it in a highly technical manner, such as when there is a dispute.If definitions used in the main text also apply to a schedule, they need not be included in both. Omitting them from the schedule makes the agreement look shorter, which to some people is a benefit. If definitions are not repeated, make certain that the schedule clearly indicates that words defined in the main text have the same defined meanings in the schedule3 and are clearly identified as defined words. In considering whether or not to repeat in a royalty schedule definitions appearing in the agreement proper, think of definitions as an aid and a reminder to the reader. Repeating them will help a reader, if only by saving the nuisance of remembering where to find them in the main text and constantly turning to it. All the definitions needed to read the schedule will be right there, so that the schedule is a self-contained document. Just make certain that, if you do repeat a definition, you repeat it in identical terms. If you have to change any defined term to make it fit the royalty provisions, use a different word or phrase as the defined term to warn the reader that he is dealing with a different concept.4"

Jan 1, 2003

By T. R. Roy

"This paper presents an objective model for the estimation of fire risk potential of an underground coal mine panel by the bord-and-pillar method of mining where extraction is carried out by depillaring with caving. The fire risk rating procedure for the estimation of fire risk potential involved in the panel is described in detail. The model developed thereof is tested with the field data collected from different collieries across the country along with the laboratory data for critical assessment of fitness of the model. Some results showing the validity of the model are also cited here. Introduction The occurrence of fire in underground coal mine panels is quite common in India and elsewhere. These fires cause extensive loss of resources.Although substantial work has already been done by different research organizations, the problem has not been fully eliminated.The causes of panel fires depend not only on the spontaneous heating susceptibility of coal, but also on the extraneous conditions created in the panel due to the mining operations. From the studies done so far by various organizations, it is apparent that two types of parameters associated with spontaneous heating of a coal mine panel exist: intrinsic and extrinsic. Parameters related to the nature of coal, i.e., its physicochemical characteristics, petrographic distribution and mineral make-up are intrinsic, while the extrinsic parameters are related to the atmospheric, geological and mining conditions such as scope of leakage of air into the panel, wetness of mines, heat dissipation capacity of the panel, gassiness of seam, geological disturbances, method of extraction, size of panel, etc.Banerjee (1982) identified twenty-two mine parameters such as spontaneous heating susceptibility of coal, method of mining, geological disturbances, quality of overburden, degree of consolidation of coal mass, scope of accumulation of coal fines, etc. that can influence spontaneous heating in underground mines. He used the terms “high” and “low” for fire risk rating of each of these parameters. Since this approach is oversimplified, it can not determine the exact fire risk potential of an underground working."

Jan 1, 2003

By A. R. Miller, M. C. Bétournay, D. L. Barnes

"A number of successful proof-of-concept projects have been carried out to replace conventional power application, such as diesel and rechargeable batteries, in underground mine vehicles. This has led to the development and testing of the world’s first fuel cell production vehicle, a mine locomotive. A fuel cell loader is being built and tested.This paper provides an insight into other projects that are being carried out. Some are related to further underground applications, and some to further research, such as refueling options, power plant durability, and vehicle automation.Also outlined is an evaluation of the overall mining applications and advantages this technology can bring to underground mining, including the facilitation of automation and tele-remote operation."

Jan 1, 2003

By John Frostiak

"Kahama Mining Corporation Limited, a wholly owned subsidiary of Barrick Gold Corporation, poured the first dore bar and filtered the first concentrate produced at the Bulyanhulu mine on February 28, 2001. This event marked the completion of the initial development of the Bulyanhulu Mine – Barrick’s first mine located outside of the Americas.Bulyanhulu is a 2,500 tpd underground mine located in the Lake Victoria gold belt of northern Tanzania. Gold is recovered as a gravity concentrate and smelted on site to produce dore bars or collected in copper concentrate that is shipped to offshore smelters. The facilities were constructed to meet Canadian standards. Unit operations include single stage crushing, SAG milling, gravity recovery, flotation, thickening and dewatering. Tailings are converted to paste and returned underground as paste backfill or pumped to the surface tailing site. The surface paste tailing disposal system is believed to be first of its kind in the gold industry. Paste disposal has several advantages over slurry, including lower dam construction costs, reduced water losses, and lower reclamation costs. This paper describes the facilities and discusses the challenges faced during development and construction including logistics, lack of infrastructure, recruiting and training, security, and social issues as well as initial operating results.INTRODUCTIONBarrick Gold Corporation completed the Bulyanhulu mine development in 2001. Capital cost of the project was US$280 million. The mine produced 241,575 ounces from start of milling to year end at a total cash cost of $197 per ounce. Numerous challenges were overcome in the mine’s development due to the general lack of infrastructure in Tanzania and the mine’s location some 1200 km inland by road from the port of Dar es Salaam."

Jan 1, 2003

By Karl J. C. Harries

"12.1. NO DEPRECIATION/GAAPAll calculations and computations relating to the Royalty shall be carried out in accordance with generally accepted accounting principles consistently applied to the extent that such principles are not inconsistent with the provisions of this Schedule and the agreement attached hereto, it being specifically agreed that nothing herein contained shall permit, or be construed to permit, the Operator to deduct any amount for depletion, depreciation, amortization or any deduction that represents a non-cash outlay.Comment: In cases like net profit royalties where recoupment of prior expenditures is permitted, care should be taken to avoid any implication that depreciation may also be taken. It is only logical and equitable that Property Owners should not be permitted an apparent ability to “double dip” with respect to deductions. A provision like this example should accomplish the task. It will be noted that the example specifically contemplates that the negotiated arrangements will prevail over any requirements of GAAP. Accordingly, if the parties agree to an unusual formula for recoupment, it will not be set aside to accommodate GAAP requirements. Under GAAP, revenues and expenditures are accounted for on an accrual basis. In addition, it specifically prohibits the taking of non-cash deductions, which is in keeping with the concept of recoupment.Although in some ways the example states the obvious and could be considered redundant, its presence, especially in provisions contemplating recoupment, makes it clear to the financial people that there may well be some variations from normal practices dictated by GAAP, while at the same time confirming the availability of GAAP to fill any voids.The accounting profession often makes the caveat that application of GAAP is an “art”, not a “science”. GAAP do not provide a cure-all and can create problems that will have to be addressed. For example, GAAP contemplate that asset costs are to be reduced by investment tax credits, which can cause a problem for a payor with more than one mine."

Jan 1, 2003

By A. P. Bois, K. Saleh, A. Ghorbal, V. Hajiabdolmajid, G. Ballivy

"The knowledge of the initial stress field is not always sufficient to ensure the stability of mining stopes due to the high-stress variations generated by mining. Monitoring of these openings is then necessary and can provide quantitative information (deformations and stress variations) as well as qualitative information (state of stability).An applied technique for following the variations of stress and deformation in static and dynamic conditions, in relation to the evaluation of the stability of underground openings known as “Cylindre Instrumenté de l’Université de Sherbrooke” (CIUS) is discussed in this paper. In addition, a data acquisition system combined with a rock failure warning system has been developed to be connected to the CIUS for detecting the instabilities, which can endanger the stability of underground openings. Also, the installation of six CIUS and a data acquisition system as well as the selected procedure of programming in a warning system are briefly described."

Jan 1, 2003

By T. A. Grammatikopoulos, B. Vasily, A. H. Clark

"The St. Lawrence deposit is a large wollastonite skarn (ca. 9 Mt @ 41.3% wollastonite) adjoining the gabbroic-to-syenitic Leo Lake pluton in the granulite facies Frontenac Terrane of the Grenvillian Central Metasedimentary Belt. It occurs within a horseshoeshaped horizon of quartzite, open to the east. The skarn extends over 1.2 km2, and comprises wollastonite-dominant, wollastonite-clinopyroxene, and diverse quartz-feldspar-sulphide (-titanite) layers, interbanded with, and strongly folded within, the quartzite. As in the world-class wollastonite deposits of the Willsboro district, New York, no carbonate protolith is preserved, and calcite is a negligible constituent of the mineralized zones. Wollastonite development is nonetheless ascribed to metasomatism of a metacarbonate unit by magmatogene, silica-rich, CO2-poor (XCO2 < 0.05) fluids, at P = 350 MPa and ca. 560°C, or, alternatively, 550 MPa and ca. 630°C.Several high-grade zones, averaging >40% but locally exceeding 80%, of translucent, white, tabular wollastonite grains, with lengths of 0.2 cm to 5 cm, have been delimited by drilling. Preliminary beneficiation studies yield high aspect-ratio and high-purity (low Fe and Mn) concentrates.St. Lawrence compares favourably to other known prospects and operating wollastonite deposits: having good chemical and physical properties, low iron content, and high aspect ratios (>20:1). In addition, the deposit has a favourable size and location, and will benefit from a low Canadian dollar. Canada currently has no wollastonite production."

Jan 1, 2003

By U. Dillon, G. Blackwell

"Geographic information systems (GIS) provide an efficient means for the recording, manipulation, revision, display and analysis of spatially referenced data. GIS are widely used at the exploration stage of mine development, and are increasingly used for reclamation planning. The ability of a GIS to perform spatial searches and query spatially referenced data make it a powerful tool for use at all stages of mine development. As the amount of data available for analysis increases, so does the power and flexibility of GIS as a planning tool.Starting from the exploration database, this paper describes how a GIS can be used for the development of mining plans based on topography, geology and mineralization information stored in a relational database. Planning decisions approaching the optimal can then be made for a wide range of parameters, including stockpile and waste dump locations, the location of potentially acid generating and neutralizing material for dump design, profitable and risk-controlled mine extraction sequencing, and haul road locations. This is made possible by the overlay and buffer analysis capabilities of a GIS which are explored and exploited to produce a continuous mine production planning program, as well as site remediation and reclamation using a successful case study. The Ore and ProductsThe mines in the Saskatoon area — Agrium, PCS-Cory, PCS-Allan, PCS-Patience Lake, PCS-Lanigan and IMC-Colonsay — extract the ore from the Patience Lake member. The mines in the southeast corner of Saskatchewan — IMC-K1 and K2, PCSRocanville — extract from the Esterhazy member, while IMC-Belle Plaine, near Regina, solution mines potassium chloride from both potash-bearing members.Ore from the Patience Lake member is a medium-grained mixture of sylvite and halite, with a KCl content of 36%, insolubles averaging up to 5.5%, and little or no carnallite.The ore from the Esterhazy member is a coarse-grained mixture of sylvite (KCl) and halite (NaCl) with a small amount of water insolubles, and some carnallite (a K-Mg chloride). Average run-of-mine grades are about 30% KCl."

Jan 1, 2003

By P. Trudel, É. Cabot, L. Cabot

"A modular gold processing unit (MGPU) was designed, installed and operated over an eight-month period by RSW-Béroma at the Granada mine located near Rouyn-Noranda, Quebec. A description of the project geology, plant set up, as well as exploitation results, including productivity and profitability curves, are given for a small-scale mining operation in comparison with larger ones. IntroductionSmall-scale mining (SSM) is a widespread activity in Africa, Mexico, Central America and South America, where numerous small mineral deposits are exploited manually or by semimechanized methods. On the other hand, SSM is almost absent in Canada, where the mining industry traditionally exploits large deposits, using concentration plants with capacities of many thousands of tonnes per day. However, many small gold (and other metallic or industrial mineral) deposits are known in Canada. Their reserves are too small to justify the cost related to the construction of a standard mill and, if they are remote from a custom milling facility, they remain unexploited. With this in mind, RSW-Béroma has developed the modular gold processing unit (MGPU) that allows the profitable exploitation of small mineral deposits. The MGPU is the perfect tool for SSM and its main advantages are a much lower capital cost than a standard mill and its portability, which makes it easy to transport and reinstall on another site, once the exploitation of a small deposit is terminated. The denomination MGPU will be used hereafter in the text as it was primarily designed for gold deposits, although it must be kept in mind that this portable plant can be adapted to other mineral substances."

Jan 1, 2003

By Lawrence Devon Smith, Keith Spence, William Roscoe

"In March 2003 the CIM Council adopted and approved the document “Standards and Guidelines for Valuation of Mineral Properties” as developed by the Special Committee of the Canadian Institute of Mining, Metallurgy and Petroleum on Valuation of Mineral Properties (CIMVal). The document is referred to as the CIMVal Standards and Guidelines. The document evolved from a specific recommendation by The Mining Standards Task Force (MSTF) of the Toronto Stock Exchange and the Ontario Securities Commission in its Final Report (January 1999) that the CIM form a committee of valuation practitioners to review and advise on approaches to valuation of Mineral Properties. The CIMVal Standards and Guidelines are organized into two parts: •,Standards which are general rules in the Valuation of Mineral Properties. The use of the Standards is mandatory if the Valuation Report is stated to follow CIMVal (although not mandatory in the sense of having regulatory authority). Definitions are given at the beginning of the Standards. •,Guidelines which elaborate on the Standards and, while not mandatory, provide guidance and best practices which are highly recommended to be followed in the Valuation of Mineral Properties.CIMVal specifies requirements for the Qualified Valuator who has the responsibility for choosing the appropriate approaches and methods for the valuation of mineral properties. With regard to the specifics of the application and practice of valuation approaches and methods, CIMVal directs the Qualified Valuator to the large body of published papers, published valuations, presentations and court judgments to guide his or her choice. This is also the approach taken by VALMIN (Australia) and SAMVAL (South Africa). To facilitate the dissemination of industry practice, the CIMVal Committee organized a “Valuation Day” at the CIM Annual General Meeting in Toronto (Mining Millennium 2000), on March 8, 2000. Industry experts presented papers on valuation of Mineral Properties which were subsequently published in a proceedings volume and individually ad technical papers in the CIM Bulletin. The Management and Economics Society of CIM has continued to identify and publish papers on valuation in the CIM Bulletin and Magazine. The present document gathers in one place the CIMVal Standards and Guidelines, the papers from the 2000 Valuation Day, and a number of subsequent papers that illustrate industry practice for the valuation of mineral properties."

Jan 1, 2003

By Trevor R. Ellis

"The valuation of mineral properties in the U.S. is only partially regulated. The regulations which have jurisdiction or impact appear to have such mainly as a consequence of unintended fallout, since the regulations were designed for other purposes. Court case history can also be important. The combined results are a mixture of bad and good, with important lessons to be learned.Since 1981, the Securities and Exchange Commission has prohibited U.S. listed companies from reporting quantitative estimates of mineralization and the value of mineralization, other than proven and probable reserves. This results in the minerals appraiser (valuator) working with a shortage of data in his everyday work, both on the subject property and in sales analysis.Between 1989 and 1995, all 50 states and essentially all Federal agencies adopted the Uniform Standards of Professional Appraisal Practice (USPAP) for real property appraisals (valuations). The major national appraisal societies also require their members to abide by USPAP. A significant portion of minerals appraisals must now follow these standards. This paper will discuss the content of USPAP. It provides a very good framework for the valuation of a minerals property or a mine, both as real property and as a business. However, the credentialing standards for real property appraisers are now prohibitive for minerals appraisers."

Jan 1, 2003

By Deborah McCombe

"and Bill Roscoe, Consulting Geologist and Principal with Scott Wilson Roscoe Postle AssociatesMineral property valuations are carried out for a variety of reasons, such as mergers and acquisitions, non-arm’s length transactions, initial public offerings of stocks, support of audited financial statements, fairness opinions, determination of vendor considerations, litigation, expropriation, income tax matters and insurance claims.The CIMVal Committee was formed in 1999 to review and advise on approaches to the valuation of mineral properties. CIMVal is a special committee of CIM formed on the recommendation of the Mining Standards Task Force of the Toronto Stock Exchange and the Ontario Securities Commission.After solicitation of views and consultation with various interested parties, the CIMVal Draft Standards and Guidelines for Valuation of Mineral Properties were released for comment in February 2002 and were finalized in February 2003. CIMVal’s objective was for the standards to be used by the mining industry in general and to be adopted by Canadian securities regulators and Canadian stock exchanges. To that end, the standards contain many of the definitions and concepts of National Instrument 43-101, Standards of Disclosure for Mineral Projects, which came into force in February 2001.The intent of the CIMVal Standards and Guidelines is that mineral property valuations be carried out by appropriately qualified individuals and that all relevant information be fully disclosed. It consists of two parts: standards, which are mandatory in the valuation of mineral properties, and guidelines, which elaborate on the standards and provide guidance and recommendations for the valuation process and for reporting."

Jan 1, 2003

By Tom Olsen, Tom Ohrling, Peter Taggart, Chris Martin

"North American Palladium commissioned the new concentrator at the Lac des Iles mine in the summer of 2001. The 15,000 tonnes per day mill replaced the existing 2,400 tonnes per day facility, as part of a major mine expansion.At Lac des Iles, the grain size distribution of the platinum group minerals (PGM) is bi-modal. Roughly two-thirds of the PGM are relatively coarse-grained, and often associated with fast floating copper and nickel sulphides. The remainder is ultra-fine, and locked in silicates, which poses a special challenge to the metallurgist. The previous mill typically recovered just the fast-floating mineralisation, but to achieve target recoveries, the new mill has to recover a substantial amount of the ultra-fine PGM. The metallurgical challenges associated with the recovery of fine-grained PGM in the talcous Lac des Iles ores, are described.The paper describes the approach used in circuit optimisation, and how metallurgical and operational optimisation raised palladium recoveries by more than 6% in six months, by tuning the circuit to recover some of the ultra-fine PGM mineralisation.BACKGROUNDThe Lac des Iles mine, owned and operated by North American Palladium Limited, is located about 115 kilometres north of Thunder Bay, Ontario. The mine originally opened in December 1993, and prior to 2001 included a mill capable of handling 2,400 tonnes per day of ore delivered from the nearby Roby pit.Following an intensive exploration programme conducted in 1999, and a detailed feasibility study, conducted in 2000, North American Palladium initiated a mine expansion project, the objective being to expand milling throughput from 2,400 tonnes per day to 15,000 tonnes per day. This required construction of an entirely new mill, which was commissioned in May 2001."

Jan 1, 2003

By Graham A. Davis, Michael Samis

The dramatic fluctuation in metal and energy prices in the last few years is causing mining companies to consider alternative analytical methods for mine design and valuation. The goal is to improve insight into unforeseen changes in the economic and project environment and to design projects that take advantage of management's ability to respond to these changes. Such flexibly managed projects will contain value that cannot be measured using traditional engineering economic approaches, further motivating the used of alternative, modern valuation methods. This paper considers the valuation of an uneconomic low-grade resource at an open pit gold mine using two of the most popular modern valuation methods, Dynamic Discounted Cash Flow and Real Options. Our analysis demonstrates that the conventional valuation method may incorrectly represent the value and risk attached to mining this type of resource because it is unable to recognize management's ability to respond to future events in a manner that minimizes losses and exploits advantageous business conditions. The results of this paper highlight the importance of recognizing flexibility and business uncertainty in both mine design and valuation.

Jan 1, 2003

By P. Lefebvre, J. Sargent, K. Major, B. Darnton

"Stillwater Mining commenced mining operations at Nye, Montana in 1987 for the recovery of platinum and palladium. Exploration identified that the J-M Reef extended for 43 km. In 1998 Stillwater Mining made the decision to develop the East Boulder mine complex, located approximately 13 miles from the Stillwater mine complex at Nye, to increase production. This paper describes the design, construction, and start-up of the East Boulder process plant.INTRODUCTIONStillwater Mining Company have been producing Platinum and Palladium from their Nye, Montana operations since 1987. The mine production from Nye had been increased in stages with mine production being delivered through several portals and one vertical shaft.The deposit is narrow veined which prevents the application of bulk mining methods and thus limits the production capabilities.In order to increase the production of platinum (Pt) and palladium (Pd) Stillwater made the decision to access the ore from the J-M Reef from the East Boulder site. The East Boulder mine site is located about 21 km (13 miles) from Nye, however as shown in Figure 1, the travel distance is closer to 188 km (114 miles). Distance, on strike, and space availability at Nye precluded the expansion of the Nye concentrator to handle the increased mining rate and supported the decision to install a new concentrator at East Boulder."

Jan 1, 2003

By S. F. Dudka, T. Dang, M. L. Wong

Abstract - The Nui Phao W-F-Cu-Au-Bi deposit is located in one of the poorest regions of northern Vietnam. The deposit is currently undergoing a pre-feasibility study by Tiberon Minerals Ltd., with a view to developing what would be the largest WO3 mine and one of the five largest fluorite mines in the world. The project is being planned in close compliance with World Bank and national guidelines for environmental and social protection. Development of the mine is anticipated to bring the following benefits: remediation of serious pre-existing environmental conditions (natural and anthropogenic heavy metal contamination and acid rock drainage); provision of employment and training, and thereby wealth, to local communities; significant tax and royalty payments to government, which will be reinvested as social spending; and development of municipal and industrial infrastructure to build sustainable post-mining communities. The role of governments at all levels is critical in guiding and facilitating this process. This paper was written prior to development of the mine, and relays the intentions of the developers. Future studies will be needed to evaluate the degree of attainment of sustainable development objectives, both during mine operation and after closure.

Jan 1, 2003

By L. H. Michaud

"Albian Sands Energy (ASE), an oil sands surface mining and extraction operation, is currently undergoing start-up and is scheduled to ramp-up to full production by mid-2003. Startup includes the selection and implementation of over 75 IT systems or computer applications which include: engineering applications; systems required to control mining activities, maintenance, the processing plant and utilities; and also systems required to run the company, such as human resources, finances and inventory/ warehousing.This paper outlines the processes used for the selection, implementation and integration of these systems in order to optimize the use of information and to meet the technical, business and IT requirements of the company. The first step in ASE’s approach to identifying system requirements is the development of a business activity model, outlining all tasks involved in running the operations. The computer applications required to accomplish each task are then identified by having the IT team work closely with each technical and business unit. Historically, at some companies, the selection of systems has been led by the IT team or by consultants, with little input from the technical or business units. Typically, this results in products that do not meet the company’s expectations. To ensure a more positive outcome, ASE believes that it is imperative that the company’s technical and business people be closely involved in the selection process.Integration of the IT systems is also key, including linking all applications through a data warehouse and EDMS. Over 120 required integrations have been identified. This ensures the storage of all data in only one location, data security, and easy data and document retrieval for all requirements throughout the company"

Jan 1, 2003