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By Karl J. C. Harries

13.1. RIGHT TO RECEIVE ROYALTY CONTRACTUAL ONLY1

Jan 1, 2003

By J. A. Finch, T. Weber

"Bubble size in flotation is strongly influenced by frother concentration in the pulp liquor. There is no accepted method of judging the dosage and thus how effectively frother is being distributed to control bubble size is not known. This will hamper certain plant test work where constant bubble size (e.g., when comparing reagents) is implicit. Bubble size is not easy to measure in plant and gas holdup is suggested as a surrogate in the development of a proposed “meter” to estimate frother concentration. The meter is calibrated to enable frother concentration to be estimated on samples drawn from any location in the flotation circuit. The meter and its calibration are described.As general background the action of frothers in reducing bubble size by retarding coalescence is discussed and the bubble generation systems for which the effect will be important are considered.INTRODUCTIONBubble size is an important variable in flotation. The flotation rate constant k has been related to mean bubble size Db by k % Db -n with n ranging up to 2 (Ahmed and Jameson, 1989) and even 3 (Yoon, 1993). Recent work has introduced k % Sb, the bubble surface area flux, given by Sb = 6 Jg / Db (where Jg is the superficial gas velocity or volumetric gas rate per unit cell cross-sectional area), i.e., n = 1 (Gorain et al., 1998). Regardless of the exact value of n, the significance of bubble size in flotation remains. In many plant trials it will be implicit that bubble size has not changed and attention will focus on other process variables. The measurement of bubble size, or a surrogate, would be useful addition to any test work.The size of the bubbles is influenced by several variables, gas rate, gas injection system (e.g., impeller design and rotation speed in a mechanical cell) and pulp composition (chemicals added, percent solids), but the most important is frother concentration (Harris, 1976). The frother functions by retarding coalescence (see appendix), which acts to preserve the small bubbles generated in the pulp (and permits a stable froth to form on top of the pulp). The measurement of bubble size is thus related to measuring frother concentration. The distribution of frother and whether sufficient (to control bubble size) is reaching the intended parts of the circuit then become important considerations. At present there is no simple way to judge frother concentration in a plant. In this communication we introduce a possible methodology, a “frother concentration meter”."

Jan 1, 2003

By Panagiota Tsolis-Katagas, Basilios Tsikouras, Tassos A. Grammatikopoulos, C. Katagas

"Mineralogical techniques including microscopic methods, reflected and transmitted light microscopy, Cathodoluminescence (CL) and Scanning Electron Microscopy equipped with an Energy Dispersive Spectrometer (SEM-EDS), are useful in determining the quality of industrial minerals. They are essential for studying ores and metallurgical products including the evaluation of physical characteristics of the mineral, paragenetic relationships, associations with possible deleterious contaminants (e.g., sulphides), spatial distribution within the ore zones and liberation characteristics. The methods are inexpensive, and provide quick identification and distinction among the industrial minerals and the gangue minerals in a section. Additionally, SEM is necessary to reveal complex textural sequences and 3-D measurements of minerals and quick semi-quantitative analysis.Common analytical methods include Electron Microprobe Analyses (EMPA) and Whole Rock Analysis (WRA) (commonly with XRF and ICP) for major and trace elements. The EMPA analyses of industrial minerals provide information on the purity of the analyzed grains as opposed to the bulk chemical analyses that may be misleading due to contamination by other associated common “gangue” minerals. These techniques have been implemented for the case studies of wollastonite, V-magnetite and muscovite. Therefore, these methods can provide extremely useful information and lead to the implementation of a successful pilot-testing programme.MINERALOGICAL EVALUATION OF DEPOSITSDespite their considerable and increasing economic importance, industrial mineral deposits have traditionally been neglected by economic geologists, and are only rarely the subject of the detailed analysis widely lavished on metallic mineralization. Moreover, in that they generally represent concentrations of “normal” rock-forming minerals, albeit commonly with particular textural and/or geochemical features, they have tended to fall between the mainstream of petrogenetic studies and mineral deposit research (Grammatikopoulos 1999). For many industrial minerals, little attention has been paid to the factors responsible for their local concentration as large and high-grade bodies. This comparative neglect has particularly been the case for minerals such as talc and wollastonite, widespread in metamorphic rocks, in which they are reasonably interpreted as components of assemblages derived, respectively, from pelitic sediments, ultramafic igneous rocks and siliceous limestones."

Jan 1, 2003

By B. K. Gorain, A. W. Stradling

"The traditional metallurgical scale-up techniques for flotation plants are based on lumped flotation rate constants, dimensionless hydrodynamic numbers and the use of safety factors. Once the plant has been designed, the flotation principles that govern scale-up play almost no role in the optimization of the circuit to meet its metallurgical targets. This deficiency can potentially lead to a plant design incapable of meeting its targets, especially when circuits incorporate large flotation cells. This paper demonstrates the application of the k = PSbRf model in providing a suitable framework for flotation modelling, scale-up and circuit optimization, thus presenting an integrated approach to the problem. Studies were conducted at Teck Cominco’s Red Dog concentrator to characterize cell hydrodynamics, gas dispersion properties, froth flow behaviour, entrainment and ore floatability to obtain the key data necessary to develop a model for the flotation circuit. The findings of these studies are presented in this paper, which provide valuable insights into the modelling and optimization of the Red Dog flotation circuit. IntroductionThe traditional methodology for flotation scale-up and plant design is based on the ruleof- thumb with safety factors and dimensionless hydrodynamic group similitude considerations. With the recent trend toward larger flotation cells with volumes of 150 m3 and greater in concentrators, the problem of scale-up has become even more acute. The scale-up factors that may have been tolerated on smaller cells are not applicable to larger cells. The transportation of froth in these large cells adds further complexity to the problem. Arbiter et al. (1980) foresaw this problem and pointed out that if scale-up were attempted by rule-ofthumb and trial-and-error, the probability of failure would then increase with scale. This problem is confounded by the fact that the design and scale-up considerations used for a new flotation circuit play almost no role in optimization of the circuit to meet its metallurgical target. This results in a plant design, which may be incapable of meeting its metallurgical targets. There have been several instances where new concentrators have required significant circuit modifications and additional capacity to achieve design targets."

Jan 1, 2003

By Ian S. Thompson

"Exploration properties form a continuum from grass roots to those with favourable geology, geochemical and/or geophysical anomalies, mineralization, showings (prospects), and finally to those with defined mineral deposits. Often properties exhibit a composite of these categories.The most problematic to value are properties or deposits that are not economically exploitable at the time of the valuation, due to a lack of exploration, insufficient grade or tonnage, poor mining conditions, or the imposition of socioeconomic, environmental, or legal constraints.Various acceptable methods of valuing the range of all such mineral properties or deposits are reviewed. Some inappropriate methods are also discussed.BIOGRAPHYIan S. Thompson is President and Principal of Derry, Michener, Booth & Wahl Consultants Ltd. (DMBW), an independent consulting practice, specializing in exploration, ore reserve estimations, engineering and valuations of mineral properties.Mr. Thompson is a graduate in Honours Geological Sciences from the University of Toronto with over 35 years Canadian and International experience in mineral exploration and development, including the discovery of base metal. gold and uranium deposits.DMBW is affiliated with DMBW, Inc. in Colorado, and works with independent engineering and financial groups in North America, Europe, Australia and Africa.Mr. Thompson is a national member of CIM; the Associations of Professional Engineers of Ontario and British Columbia; The Geological Association of Canada; The Society of Economic Geologists; The Prospectors and Developers Association of Canada and the BC and Yukon Chamber of Mines.INTRODUCTIONThis paper is presented in response to the request of the Mineral Economics Society of the Canadian Institute of Mining and Metallurgy for a Review of Approaches to Valuation of Mineral Properties, as recommended by the TSE/OSC Mining Standards Task Force.Exploration properties with undeveloped mineral resources range from grassroots acreage without exploration history, to those containing mineralization (or a mineral resource) that is insufficiently explored, to well explored deposits which lack either continuity, or sufficient grade/tonnage, or have poor mineability or metallurgy, such that they are not currently exploitable at the time of the valuation. This does not imply that they do not have value."

Jan 1, 2003

By Benoit Bissonnette, David Gelderland

"The Campbell Mine Constructed Wetlands has been in full operation, processing effluent from the water treatment plant of the mill circuit for the last two years.The overall results are extremely positive with dramatic improvements for the originally targeted parameters – Ammonia, Copper and toxicity.• Ammonia concentrations were reduced from an average of 5 mg/L to an average of 0.43 mg/L which translates to an average reduction of 91%.• Copper concentrations were reduced from an average concentration of 0.054 mg/L to an average of 0.019 mg/L, which translates to an average reduction of 65%.• LC50 Acute toxicity testing revealed no impact.• IC25 Chronic toxicity tests revealed no impairment to growth or reproduction.As a result of the improvements in discharge water quality from the wetland, 100 percent compliance with respect to all Certificate of Approval, MISA and MMER regulations for effluent will be consistently achieved.The system has proven to be very easy to operate and maintain, with a minimum of care. Given some basic rules are followed, the construction of the wetlands was straightforward and relatively inexpensive compared to other treatment methods.The ecological benefits of the operation of the wetland are also quite substantial, as is the positive image of the corporation in environmental stewardship.INTRODUCTIONOver the last four years, Campbell Mine has adopted an aggressive schedule for the development of wetlands for use as the final stage of effluent treatment within the tailings management facility. The focus of this work has been to utilize natural biological systems to provide Campbell Mine with a 100 percent compliant water quality with respect to all MISA, MMER and COA discharge criteria at all times throughout the effluent discharge period."

Jan 1, 2003

By Pablo González, Rodolfo Espinosa, Jose-Luis Noyola, Sergio Cossio

"Minera Penmont, at La Herradura, is a joint venture between Industrias Peñoles, S.A. de C.V., and Newmont Mining Corporation. The mine is located in the northern Mexican state of Sonora. La Herradura consists of an open pit mine with two-stage crushing and heap leaching facility, the gold is recovered from the pregnant solution using the Merrill-Crowe process; production began in July 1998. La Herradura produces about 130,000 gold ounces per year, and treatment capacity is 22,000 tonnes/day. Ore mineralization occurs in a shear zone with quartz and native gold. Gold distribution is quite heterogeneous due to the coarse visible gold, in some coarser particles ranging from 100 to 600 microns.Sampling and assaying protocols where established during exploration and prior to starting up operations, based on nomographs developed from early heterogeneity tests. But, as the coarse gold problem became noticeable, it was necessary to develop new sampling protocols to have an acceptable relative standard deviation to control the fundamental error within ± 15%.An experimental program was developed and conducted on a selected ore block made of 195 blastholes; regular ore grade control procedures were applied to both sets of data to evaluate the difference in results between the protocol established prior to starting up operations (“existing”) and the new protocol (“leaching”). In the “existing” protocol, subsampling is done through riffle splitters, and coning and quartering. Fire assaying is used to estimate the gold content, on a 50 g sample. In the “leaching” protocol a 12,000 g sample was bottle rolled cyanide leached, and the leach residue was assayed on a 50 g sample using fire assaying, and a weighted average total gold content was calculated. Currently, a new alternative method is being evaluated, where sub-sampling is done using rotary splitters, and fire assay on a 50 g sample; in this “rotary sampling” protocol and for comparison purposes, gold assays were also repeated using the “leaching” protocol.Test results were compared in three groups < 0.30 g/t (below cut-off), 0.30 to 0.8 g/t, and >0.8 g/t. Overall. Results show that the protocol established prior to starting up operations underestimates the gold assays. Detailed technical results, alternative options, and their implications are discussed in the paper."

Jan 1, 2003

By Carlos F. Perucca

"Potassium is one of the three basic plant nutrients along with nitrogen and phosphorus. There is no substitute for potassium compounds in agriculture; they are essential to maintain and expand food production.Potash is extracted from buried ancient evaporites by underground or solution mining. This accounts for most of the potassium produced. Another important source is brine from landlocked water bodies, such as the Dead Sea, Salar de Atacama or Great Salt Lake.About 95% of potash produced worldwide is used in agriculture. The rest is found in several other industrial uses, including glass manufacturing, soaps, plastics and pharmaceuticals.Currently, three producers: IMC, PCS and Agrium operate 8 conventional and two solution mines in Saskatchewan, five of which run froth flotation circuits, two heavy media-flotation, two run forced crystallization and one natural crystallization.Potash in SaskatchewanPotash was discovered in Saskatchewan in the early 1940’s while drilling for oil. The deposits lie diagonally across the southern plains of Saskatchewan sloping southerly from a 1,000m depth at Saskatoon to more than 1,600 m depth at Belle Plaine and up to 3,000 m in depth in North Dakota. The known deposits are massive, accounting for more than 40% of the world’s known reserves."

Jan 1, 2003

By Bjarne Ekberg

"The most economical way of dewatering mineral concentrates is to reduce the moisture content in the material mechanically using thickeners and filtration avoiding thermal drying whenever possible. In addition to this, the dewatering process should produce low moisture cake, high quality liquid, consume little energy. As a part of the dewatering process The CERAMEC® capillary filter has been proven to meet these requirements in over 150 installations. The filtration is done by using ceramic filter plates with small pore size. The capillary action in the filter medium secures gas free filtration at good vacuum, and due to the small pore size, filtrate is crystal clean and particle free. The energy consumption is minimal. This paper will discuss results from filters installed at Pyhäsalmi Mine Oy in Finland where the technology was has been used since the late eighties. Results from more recent installations like Los Pelambres in Chile and LKAB in Sweden will also be discussed.INTRODUCTIONThe idea of using capillary action to make dewatering more efficient was invented two decades ago. Ten years later whole filter plants utilizing the new method were delivered to mine concentrators for dewatering of mineral concentrates. Further development of ceramic membrane plates made it possible to meet the requirements in iron ore dewatering. In addition to low cake moisture, high capacity and low energy consumption, there are a lot of environmental advantages in using capillary filtration. One of them is clear filtrate.CAPILLARY FILTRATIONA micro-porous filter material behaves like a large number of narrow capillaries forming a network. When a pressure difference ?P is applied over the wetted, hydrophilic pore with the radius r, the force striving to push the water out of the pore will be ?Ppr2. The force striving to hold the water in the pore will be the vector force 2pr? cosa of the surface tension ? and the cosine contact angle a. Equalling those forces and solving the equation for ?P we get"

Jan 1, 2003

By Don Peel, Jeremy Richards

Abstract - Aggregates (sand, gravel, and crushed stone) are low unit-cost products extracted in very large volumes for the construction of buildings, roads, and other infrastructure essential to modern society. Because of their low unit value, transportation costs are a key factor in resource economics, and deposits are commonly developed close to market (i.e., close to towns and cities, or along low-cost transportation corridors). This proximity results in potential conflict with residents over land use, disturbance, and pollution. Management of aggregate resources in Alberta is examined in the light of resource geology and distribution, and governance. A case history of development of the Calahoo-Villeneuve deposit is described, and the conflicts between residents and developers that led to establishment of an Area Structure Plan (ASP) are explored. The plan sets limits to, but at the same time safeguards, resource extraction, and defines terms for compensation to residents through a voluntary levy on production (Community Enhancement Fund). This fund is used to support community activities and to pay for a groundwater monitoring program. The ASP is examined within the context of the "Seven Questions to Sustainability" as set out by Mining,Minerals and Sustainable Development-North America (2002). It is concluded that the ASP, for the most part, provides a good model for conflict resolution and sustainable resource development, which could usefully be applied in other jurisdictions. The ASP was developed at a municipal level, and adoption at a provincial level would aid sustainable development of aggregate resources across the province.

Jan 1, 2003

By Karl J. C. Harries

"2.1. INTRODUCTIONNo agreement can be perfect in the sense that it contemplates and provides for all eventualities. Mineral acquisition agreements are usually negotiated and drafted at a time when an orebody is no more than a gleam in a geologist’s eye, so it is hardly possible to provide for development and operation in other than the most general terms. However, an agreement that stops short of contemplating the possibility of an orebody and production is ill-advised. Accordingly, it is important to provide procedures to make decisions that will let the project proceed, even in the face of a fallingout between parties. Whether the parties are shareholders in a corporation or venturers in a contractual common undertaking like a joint venture, differences of opinion and disputes will occur. Unfortunately, more and more are ending up before the courts. Besides greed and the growing tendency in society to fight rather than talk, there are other factors that contribute to the increase of litigation. In some jurisdictions, agreements have tended to become complicated, often defying interpretation, even by a lawyer, and explorationists want their budgets to go into the ground as constructive work rather than into a lawyer’s pocket. All this has led to a growing tendency for corporations to take the attitude that the chances of finding a mine are, at best, marginal and there are lots of earlier agreements in the files to draw from, so why not prepare their own agreements? As discussed in the preceding chapter, this can be folly. All these factors can quickly have parties facing each other in court while a project sits idle. Added to this is the problem that, in some jurisdictions, lawyers may take cases on a contingency-fee basis, sometimes promoting the pursuit of a nebulous claim.When an orebody is discovered, someone will always want some, or more, for himself. There is a breed of “prospectors” who prospect for legal actions, on the somewhat sound grounds that a major corporation will buy off nuisance litigation, rather than incurring the cost and effort of attacking even a poorly founded claim in the courts. They may even find a winner. Besides, it is far more comfortable and relaxing to prospect for problems and legal niceties than to prospect for an orebody.1 In short, it is appropriate to consider briefly some of the factors relating to lawsuits and judgments. Although many of the comments are made in the context of the common law and the Canadian legal system, most of the concepts and suggestions are applicable to any legal system."

Jan 1, 2003

By John Wilson

"The Rietveld numerical method was used to calculate the relative abundances of phases in both synthetic binary mixtures and synthetic and natural ores, using X-ray diffraction data. The results were compared with those of image analysis and a chemical method. The ranges of the relative errors were estimated. The Rietveld method is found to be acceptable for determining the abundances of major and minor phases and the amorphous component of partially crystalline samples. In complex mixtures, where there are several trace phases (~<2 wt%) present, the technique becomes less accurate. It is most useful as an alternative technique to image analysis when sample preparation is problematic or sample particle sizes are sub-micron. It is a manual method which requires user input during the fitting process, but is both simpler and faster than image analysis due to the reduced set up time and sample preparation required. It is now implemented at CANMET as a technique for quantitative analysis.INTRODUCTIONUntil recently, the Applied Mineralogy group at CANMET used only image analysis and chemical techniques to determine phase quantities. An effort to develop quantitative X-ray diffraction (XRD) has been on-going for several years. Initially, the reference intensity ratio (RIR) method with external standards was tried with some success (Szymanski and Petruk, 1989). The main difficulty with this technique was finding adequate standard material for each phase present in the sample. This shortcoming made the method ultimately impractical, given the wide variety of materials which come to the laboratory for analysis.The Rietveld refinement method of quantitative XRD (Hill et al 1993, Mumme et al 1996), in contrast, requires no standards and requires minimal sample preparation and therefore a more rapid turnaround compared to image analysis. The Rietveld method also has advantages over image analysis in that it can identify and quantify polymorphs, ultra fine materials and many types of hydroxide products. As well, it is useful for analyzing materials such as bauxite or talc, which do not polish well enough for making mounts of the quality required for image analysis. To quantify amorphous material and phases which are present in amounts below the detection limit of XRD, the addition of a standard material is still required. However, in such cases only one standard is needed, which is alumina."

Jan 1, 2003

By John A. Herbst, Alexander Potapov, Xiangjun Qiu

"High Fidelity Simulation is a name applied to the use of first principles modeling tools including Discrete Element Modeling (DEM), Computational Fluid Dynamics (CFD) and Discrete Grain Breakage (DGB) to mathematically describe and study processing systems. Over the past few years, significant advances have been made in High Fidelity Simulation applications, particularly as many mineral processors have been drawn to the study and use of DEM of grinding mills for optimization purposes. This presentation provides an introduction to High Fidelity Simulation, with an emphasis on DEM. It will include insights into current applications of these tools including the optimal design (wear and throughput) of mill lining systems and media selection, the analysis and design (flow and efficiency) of the back-end of grate discharge mills. Advantages of full mill simulations versus individual sub-process simulations will be demonstrated for a SAG mill with different discharge system designs.INTRODUCTIONHigh Fidelity Simulation is providing mineral processors with the opportunity to analyze the behavior of mineral processing equipment from a fundamental or microscale point of view. In the past complex phenomena such as tumbling mill grinding had to be analyzed using black box tools such as residence time distributions for transport and classification functions for passage of particles through grates; while breakage had to be analyzed using PBM models who derived their form from theory but required direct measurement of kinetics. Today with the help of DEM, CFD and DGB these can be analyzed at a very fundamental level.The key element of DEM simulation is the application of Newton’s laws of motion to individual objects or discrete elements. Using this simulation method one can describe the position, velocity (both translational and rotational) of all objects and the transfer of momentum to other objects (Mishra and Rajamani, 1992; Cleary, 1998; Nordell et al, 2001)."

Jan 1, 2003

By J. R. Yates, R. J. Young, G. E. Forward, J. B. Farrell, R. J. Milbourne

"Sustainable development in the mining and metallurgical industrial sectors can be implemented by two distinct groups: the managers and operators of existing facilities, working with industrial processes and systems that have been operating for many years, in some cases, several decades; and those who are engineering and building new facilities or upgrades of existing plants.The focus of this paper is to look at approaches and tools available to bring sustainable development thinking and action to these two distinct areas. The paper will discuss the concept of working with existing facilities and processes to minimize waste and maximize product from a regional raw material/resource consumption perspective using by-product synergy. The BPS concept has been carried out in Texas (e.g., TXI-Chaparral’s STAR), in Calgary, Alberta, with Suncor assistance, in Montreal, Quebec, with Noranda as project leader, and currently in Ontario with Dofasco as industry champion. Successful outcomes are presented. The paper will also discuss a new approach to designing greenfield facilities or upgrades to existing plants using a sustainable development review process. Undertaking the review early in every project can institutionalize the concept of discussing and implementing waste elimination, design for environment, ecoefficiency, risk minimization and community awareness and involvement in the future capital stock. The review process has been developed as an excellent tool for measuring and reporting on a corporation’s sustainable development progress. Examples of how this approach has been adopted in the mining and metallurgical industry, and the resultant outcomes are given."

Jan 1, 2003

By D. Berkley

"The competitive pressure, the increasing energy costs and the environmental regulations impose substantial challenges to the definition of power plants serving industrial facilities. Primary mining and metallurgical facilities have even greater challenges because they are often located remotely, where the fuel supply can be a problem. The absence of a power grid imposes challenges on the reliability and quality of the electrical energy supply. In addition, the facilities usually require thermal energy too, not only electricity.This paper outlines these types of issues that have to be considered when defining a cogeneration plant integrated with a remotely located industrial facility. It is addressed to the “users” of cogeneration facilities rather than to “generators.” The focus is on analyzing various site-specific design considerations to prescreen the feasible cogeneration alternatives and minimize the number of options to be analyzed from the economics viewpoint. This approach could substantially reduce the engineering effort and schedule during the feasibility phase of the project.The front-end of the paper provides a basic understanding of cogeneration plants of various types to establish a common language. Subsequently, the paper outlines and analyzes specific issues that could be of help in the definition of cogeneration installations for remotely located industrial facilities, with a focus on mining and primary metallurgical plants"

Jan 1, 2003

By Philip J. Guerney, S. O’ Leary, André R. Laplante

"Concentration of dense mineral phases (s.g. greater than 7) for characterisation of individual particles and mineral grains by electron microscopy is a well established technique for the detection and characterisation of valuable mineral phases. This presentation describes the type of data that can be generated when both the concentration and characterisation steps are carried to higher levels than typical. The concentration step is the gravity recoverable gold (GRG) protocol that has been used for over 100 ore samples. This protocol yields three concentrates that represent three progressive degrees of grinding and liberation. Three ore samples were subjected to the GRG protocol and three size classes of each concentrate were characterised using the mineral liberation analyser (MLA), an automated, EDX-based tool. This presentation briefly presents GRG and MLA technology, and then focuses on the results obtained: photos, images and databank, the latter used to evaluate the extent of particle liberation and particle shape.INTRODUCTIONThe practice of gravity concentration prior to characterization of mineral samples using electron beam microscopy is solidly established. Typically, a dense liquid such as tetrabromoethane (density: 2.97 g/cm3) is used to reject the light phase, typically carbonates and silicates. The heavy phase, mostly sulphides, oxides and precious metals, is then mounted in a polymer matrix and examined using beam microscopy.Both the pre-concentration and the sample preparation/examination steps have seen significant advances over the past ten years, but are not without problems. A major issue of preconcentration is that most dense liquids used are toxic, tetrabromoethane being a prime example. More recently, a dense liquid with little or no toxicity (sodium polytungstate, distributed by Sometu Inc.) has become commercially available, but its use is limited to relatively low s.g. splits around 3 g/cm3. Dense liquids are viscous, and their use is limited to particles coarser than 37 µm, although centrifuge separation can probably lower this limit to around 10 µm. Magnetogravimetric separators can achieve much higher specific density cuts, but upgrading below 100 µm or in the presence of magnetic minerals remains a problem. The use of centrifuge separators such as the 3-in Knelson Concentrator (KC MD3) or the Falcon 4-in SB (SB4) is particularly attractive since these units can easily process large masses (by laboratory standards) and achieve a cut density well above those of dense liquids."

Jan 1, 2003

"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