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By Esteban M. Domic

"T.L. Leaching ProcessCommercial PerformanceSociedad Minera Pudahuel Ltda. (SMP) has been innovating in the copper producing field with the commercial application of the Thin Layer (T .L.) leaching process in its two operating division s: Lo Aguirre and La Cascada. Since November 1980, SMP' s Lo Aguirre Division has been producing high-purity copper cathodes at a nominal rate of about 16,500 metric tonnes / year, by mean s of the new route of T.L. leaching, followed by solvent extraction and electrowinning (TLlSX/EW). This has been the first commercial application on T .L. technology in the world, and the only commercial application in Chile for solvent extraction and electrowinning.By mid -1980, SMP acquired Sagasca Mining Co., renaming it as La Cascad a Division. The existing vat leaching facilities were modified to apply T.L. in the same old vats. The existing scrap iron cementation recovery circuit was kept running for the continuing production of copper precipitates. The modifications in the leaching circuit allowed shorter treatment cycles with a lower acid consumption and consequently, copper product ion increased from a previous historical high of 12,000-13,000 metric tonnes /year to a new level of about 22,000 metric tonnes/ year . These changes have been in operation since March 1981.T.L. Leaching commercial performance, both at Lo Aguirre (TL / SX /EW) and at La Cascada (TL/cementation), has been presented in several recent publications. Real operating parameters and process requirement s were reviewed in detail. A breakdown for TL / SX/ EW economics was also published based on Lo Aguirre' s performance during 1982(41."

Jan 1, 1986

By Nural Kuyucak, Bohumil Volesky

"Extensive screening revealed a seaweed (alga) biomass type which in its non-living state possesses a very high cobalt sequestering capacity comparable to that of activated carbon and the ion-exchange resin currently used in the cobalt production process. Performance of the new bio-sorbent material was studied by examining its equilibrium metal uptake isotherms generated under different solution conditions such as initial cobalt concentration pH, temperature, and the presence of selected cations and anions. The rate of cobalt uptake was determined, which is a crucial parameter for recovery process design. Almost all cobalt sorbed can also be desorbed with a solution of CaCI2. The bio-sorbent material can be used repeatedly in the sorption-desorption cobalt concentration process. IntroductionIt has been well documented that certain types of microbial biomass, living or non-living, possess a high potential to sequester and accumulate inorganic ions present in aqueous solutions. Metal concentration by microbial biomass from a solution is termed bio-sorption. This phenomenon is quite complex and includes adsorption of metals onto the surface of a microorganism and/or into the cellular structure in combination with ion-exchange, complexation, and/or micro-precipitation. Bio-sorption is generally considered to be a rapid physical/chemical process. The cell wall structure is porous and allows metal ions, as well as large organic nutrient molecules, to pass freely through. Polysaccharides of the cell wall could provide binding amino, carboxyl, phosphate and sulphate groups. In addition to these functional binding groups, polysaccharides often have ion-exchange properties. Sometimes, bivalent cations, such as Ca2+ or Mg2+, help the formation of ionic bond bridges between the negatively charged cell surfaces and positively charged cations in the solution, Proteins in the cell wall could offer functional groups and also offer peptide bonds to bind ions. Interactions between metal and the cell wall components are responsible for the sequestering of metals by way of bio-sorption. Many metals feature a complex solution chemistry and it is not always possible to determine what ionic species are actually present in the solution. The equilibria involved are dependent on pH, concentration, the anions present and other factors. The transport system for the ions are sometimes dependent on both temperature and energy. Biosorbent material could also be regenerated for multiple reuse."

Jan 1, 1988

"In the past year, mining at the Doyon Mine has shifted entirely from open pit to underground. The mine produced 234 692 ounces of gold in 1989 and is expected to produce 225000 ounces in 1990. The Doyon Mill has been running slightly above design capacity, and recovery has increased 3%.IntroductionThe Doyon Mine is located 25 miles east of Rouyn-Noranda, Quebec (Figure I).It is a joint venture owned by Lac Minerals and Cambior, with each holding a 50% interest. Lac Minerals operates the mine under the direction of a management committee.Production at the Doyon Mine began in 1980 with the start up of the Main Zone pit. Shortly thereafter the Doyon Mine became the largest open pit gold producer in Canada.In 1983, a ramp leading to the fourth level and exploration drifts were driven. Results were very encouraging, therefore the decision was made to sink a 2150-foot deep shaft, which was completed in 1986.In mid-1986, production began in the West pit, while underground mining of the West Zone started shortly thereafter, at the end of the same year.In 1987 the mill capacity was increased to 3300 tons per day and the Main Zone underground operations commenced."

Jan 1, 1990

By G. Grant Smith

In situ bulk density of coal is a variable applied to various aspects of coal resource evaluation, such as compositing ply analyses of coal attributes that are expressed on a weight per cent basis, and determining tonnages from volume estimates. Its value is a function of composition and porosity of the in situ material. When densities of ash-free coal, ash and water are fixed, in situ bulk density of a coaly mix can be expressed as a function of proportionate weight of ash in the mix. Correlations between in situ bulk densities and weight per cent ash contents of coaly mixes have been estimated for four general rank classes of coal (low medium volatile bituminous, high volatile bituminous, subbituminous, and lignitic).

Jan 1, 1991

By Stavros A. Argyropoulos, Radhakrishna Valiveti, Bernard Closset

"The use of microprocessors in metallurgy is currently increasing at a very fast rate. A large number of companies are offering systems ""off the shelf"" which are aimed at the data acquisition and process control market. There are two main drawbacks to these systems: first, they are usually quite expensive, and second, they are not completely compatible with the target metallurgical application. An alternative is to develop a microcomputer-based system "" in lab "".A dedicated microcomputer system has proved to be very useful in many metallurgical research applications(1,2)). However, in this system the analog input signals had to be transferred over long distances , and significant noise was introduced despite the use of shielded cables. In order to overcome this problem a network of low pass-filter s was designed and built. The usage of the abovementioned system brought the need to digitize the analog signals in-situ and transfer the digital signals, which are much less susceptible to noise over very long distances. This distinctly different design philosophy has become a reality with the evolution of microprocessor technology over the last few years. This design philosophy is utilized in this development."

Jan 1, 1984

By Bo R. Arvidson

"New permanent magnetic alloys have recently opened up possibilities for development of unique mineral separators. These are now making several new applications feasible. In many cases where conventional electromagnetic-induced roll separators have traditionally been used, the new permanent magnetic roll separators may reduce both over-all capital costs and operation costs.The development of the next generation of extremely powerful permanent magnets, i.e. neodymium-iron alloys, is progressing rapidly and will affect the roll separator as well as another type of magnetic separator. Permanent Magnet Roll SeparatorDesign and FeaturesDiscs of permanent magnets interleaved with soft iron discs constitute the basic magnetic roll design (Fig. I). By enveloping the magnetic roll with a thin abrasive resistant belt (Fig. 2), even highly magnetic particles are removed.The first prototype roll utilizing the new magnets was shown to have approximately equal strength as induced magnetic roll (IMR) separators. Since the initial test roll, the new separator, called the PERMROLL® , has been made twice as strong with regard to magnetic force, that is, the magnetic flux density is determined to exceed 1.7 tesla (17 kilogauss), while the magnetic field gradient is more than twice the gradient than can be practically achieved with IMR."

Jan 1, 1985

By R. D. Brown

Higher metal prices have resulted not only in increased exploration and production, but also increased activity in the purchase of mining properties and mines. This article discusses some of the basic income tax considerations to be taken into account on the disposal of an interest in a mining claim or an active mining operation. It notes the importance ofan appropriate allocation of the purchase price amongst the various categories of assets, and discusses the tax implications to both vendor and purchaser of the transfer of the comm on types ofassets involved in mining operations. In the space available, the article can only outline the basic tax considerations, and point to areas where both vendor and purchaser need to be o

Jan 1, 1980

By Georges Houlachi, Raynald Labrecque, Jean-Noël Cloutier

"Electrodialysis (ED) is an electro-membrane technology based on electrochemical process using electrical energy for the production of chemicals. The process can be used for concentrating, extracting, separating products, modifying molecules, purifying solutions, pH adjustment and regenerating salts into their base and acid. This paper reviews the principle of ED, present some of the different options and discuss applications that are relevant to the hydrometallurgy and mining industries for the treatment of effluents focusing on recovery of chemicals (acid and metals) and recycling of water minimizing the environmental footprint.INTRODUCTIONElectrodialysis (ED) is usually defined as an electrochemical separation process in which electrically charged membranes and an electrical potential difference are used to separate ionic species from an aqueous solution and other uncharged components [1]. ED technology consists of an electro-membrane technology based on an electrochemical process using electrical energy for the production of chemicals. It is a method combining electrolysis and dialysis was proposed for the first time in 1890 by Maigrot and Sabates [2]. In the late 1930s Teorell, Meyer and Sievers discussed membrane phenomena, revealed membrane potential, electric conductivity, transport number [3]. Meyers and Strauss introduced a multi-compartment ED apparatus consisting of two electrodes and a stack of ion-exchange membranes between them [1]. They succeeded to double the concentration of a KCL solution [3- Tarleton]. In general, ED consumes less energy than electrolysis to perform salt splitting. In that regard, one can expect an energy reduction of about 30% [4–5]. ED offers a great versatility in the domain of separation processes. Indeed, it can be used for concentrating, extracting, separating products, purifying by desalination, pH adjustment and regenerating a salt to acid and base components. This paper reviews the principle of ED, presents various options available and discusses potential applications relevant to the mining and metallurgy industries with economics of some successful industrial applications."

Jan 1, 2016

By Robert B. Parsons

"This month, Tax Notes focuses on two features which can potentially ""dress up"" a new issue of common shares to make the shares more attractive to investors. Attaching warrants to a share issue is a relatively common practice, and recent years have seen an imaginative variety of different kinds of warrants, some of which can be subject to somewhat different tax treatment . A less common financing strategy which certainly deserves some consideration involves the possibility of utilizing ""Share Purchase Tax Credits "" in conjunction with a new share issue.IntroductionPrevious subjects covered in Tax Notes have dealt with flow-through shares and other tax angles which can make equity issues more appealing to potential investor s. Two other techniques which can add zest to a new stock issue involve the utilization of warrants and ""share purchase tax credits"" (or SPTCs). This article takes a brief look at the better known subject of warrants and the lesser known matter of SPTCs.Of course, this paper presents only a relatively general summary of the income tax implications of warrants and SPTCs, and is not intended to be a definitive commentary on all of the detailed and complex tax issues that might be relevant in the circumstances."

Jan 1, 1985

By P. Garritsen, J .. A. Blanco, M. C. Bell

"By 1994, Inco Limited will lower sulphur dioxide emissions from the Copper Cliffsmelter by 60% to 265 000 tonnes/year, primarily through implementing two key process changes. First, new milling technology will permit economic rejection of additonal pyrrhotite prior to smelting. Second, a bulk coppernickel concentrate will be oxygen flash-smelted, thereby eliminating the existing multi-hearth roasters and reverberatory furnaces . All copper will be recovered in the matte separation plant as a nickeliferous chalcocite, and will be oxygen flash-smelted for blister production. This paper outlines the development of the project and describes the process, including the flash furnaces, new sulphuric acid plant and additional oxygen plant.IntroductionInco 's SO2 Abatement Program will lower sulphur dioxide emissions at Sudbury from the current levels of 685 000 tonnes per year to 265 000 tonnes per year by 1994 as required by Ontario' s countdown on acid rain regulations.It is the high tonnage of sulphur mined that creates the magnitude of the SO2 emission problem at Sudbury. At a production rate of 240 million pounds of nickel per year, Inco mines 12 million tonnes of ore. At 10% sulphur it mines 1.2 million tonnes per year of sulphur. If Inco did not fix any of this sulphur it would be emitting 2.4 million tonnes per year of sulphur dioxide-about as much as all other Canadian emissions. Today, however, Inco is already fixing 70% of the SO2 in ore, in several ways : mostly as sulphur in pyrrhotite rejected to tailings in the milling operations; as acid from the roasting of pyrrhotite and some nickel concentrate at the Iron Ore Recovery Plant (lORP) and some as liquid S02 from the copper flash smelting furnace. By fixing 70% of the sulphur the current allowable SO2 emission levels of 685 000 tonnes per year is met. Total sulphuric acid production is currently 450 000 tonnes per year and in fact, the 10RP operation is being continued only to maintain established acid markets.Historically emissions have been reduced from the 2 000 000 tonne per year level to the current level of 685 000 tonnes per year by rejecting pyrrhotite from the smelter feed, and 70% of the SO2 containment problem at Sudbury has already been addressed.While Inco's profits are large at current nickel prices, most people have forgotten that back in 1982 Inco was losing a million dollars a day. Inco did make a dramatic response to this economic stimulus. The Ontario Division increased productivity by 65% and lowered costs to become the lowest cost nickel producer."

Jan 1, 1990

By Henry Smith, Stu Brown

"The Williams Mine is Canada's largest gold producer, with annual production of some 500 000 ounces of gold from two million tonnes of ore. Highly mechanized and automated underground mining practices are utilized at the property in order to help achieve high levels of productivity and the most cost-effective mining possible.Planning and design parameters for the underground ore handling system at the Williams Mine are described in this paper. Particular reference is made to the considerations that were built into the system to provide maximum operating flexibility through the use of multiple orepass systems, portable low profile jaw crushers, underground conveyors and automated hoisting equipment.IntroductionThe Williams Mine is situated in the Hernlo area of northwestern Ontario, approximately 40 Ian east of the town of Marathon (Fig. I). It is operated by the Williams Operating Corporation, which is owned equally by Teck Corporation and Corona Corporation, and is one of three adjacent properties forming the HernIo gold camp.The mine commenced operation in October 1985 at a nominal production rate of 3000 tpcd. Through an ongoing capital development program, winch was completed in late 1989, the production rate at the property was increased to its current level of 6000 tpcd. This paper describes the mine planning process and the evolution of current mining strategies with particular reference to the underground ore handling system .HistoryGold mineralization was discovered in 1944 in the Hemlo area of Northern Ontario, near the north shore of Lake Superior. A year later, 11 claims were staked over the showing and subsequently patented by the late Dr. Jack Kerr Williams.Over the next 35 years, other claims were subsequently staked, explored and abandoned in the immediate area of the 11 patented claims . In 1980 a predecessor of the Corona Corporation acquired claims adjoining the Williams property to the east. Drilling on this claim group started early in 1981 and intersected the Hemlo orebody in May of that year. In December 1981, Corona Corporation entered into an option agreement with Teck Corporation to explore and develop the property.A drilling program by LAC Minerals on the II patented claims discovered the Williams orebody in March 1982. The mine started production in 1985, pouring its first official bar of gold on December 6 of that year. Corona Corporation was awarded ownership of the Williams Mine conclusively by a decision of the Supreme Court of Canada on August 11, 1989. The court's ruling ended a legal dispute with LAC Minerals over the property initiated eight years earlier."

Jan 1, 1991

By A. Zarei-Hanzaki, O. Golmahalleh, S. M. H. Hosseini, H. Azizi-Alizamini

The main importance of acicular ferrite microstructures arises from their desired combination of mechanical properties in comparison with the bainite and ferrite-pearlite microstructures. Several factors affect the microstructural transition from bainite microstructure into the acicular ferrite one. As is well established any factor corrupting the prior austenitc grain boundaries nucleation potential, such as the thin layer of allotriomorph ferrite and the austenitc deformation inhomogenities may promote the acicular ferrite formation instead of bainite. Accordingly, this study deals with the effects of the aforementioned features on the acicular ferrite formation in low carbon microalloyed steel. The results indicate that the formation of strain-induced ferrite at the prior austenite grain boundaries accompanied by deformation inhomogenities in the austenite grains change the effectiveness of allotriomorph ferrite on acicular ferrite formation from active to inert one.

Jan 1, 2004

By M. Bourassa, R. del Villar, S. St. Arnaud, J. Valenzuela

"Autogenous grinding is used quite frequently for mineral comminution as a result of its lower capital and operating costs. However, it is more difficult to control than conventional grinding, particularly when the autogenous or semiautogenous mill is the only comminution stage (i.e. no secondary grinding is available). Analysis of the control strategy used then becomes extremely important, a task that is greatly simplified by the use of an empirical dynamic simulator:This paper presents the methodology used in the development and the calibration of such a simulator for the autogenous grinding circuit of an iron are concentrator: The various steps are described: industrial data acquisition, preliminary treatment of the gathered information. and empirical modelling of the process. Finally, both the actual and the proposed control strategies are compared using simulation results.This exercise has shown that the variability of some of the controlled variables could be reduced through a better handling of the water addition and the use of filters on some of the signals used for control purposes. The reduction in variability of critical variables, such as power draw, would allow their average value to be increased without the risk of exceeding their safety values. Some advanced control techniques were also tested, with interesting results."

Jan 1, 1995

By R. P. Taylor

"This paper covers the development of the property to its present production level of20,000 tonnes per day from the Valley Mine. It will also review the analysis of various case studies for the expansion of the project to its full potential, and discuss the impact of the recent structural change in the copper market on the development of a large low-grade deposit such as Valley.IntroductionIn 1964 Cominco participated, along with a number of other companies and individuals, in the formation of Valley Copper Mines Ltd. This company was formed in order to facilitate exploration on a large number of mineral claims held by these parties in British Columbia's Highland Valley, approximately 400 km northeast of Vancouver (Fig. I). Cominco 's ownership of Valley Copper was gradually increased over the years bot h through shares gained for exploration expenditures and through shares purchased on the open market. By the mid- 1970sCominco' s interest in Valley Copper exceeded 80%.ExplorationExploration from 1964 to 1969 led to the discovery of a massive porphyry copper depo sit now known as the Valley orebody. A claim boundary divided the deposit with 80% of it on Valley Copper claims and 20070 on claims held by Bethlehem Copper which was already mining adjacent copper orebodies. During the period when the Valley ore body was discovered, exploration by other companies resulted in the discovery of the large Lornex and Highrnont deposits nearby. The stage was now set for the Highland Valley to become an important copper-producing area (Fig. 2)."

Jan 1, 1986

By Alan R. Holt

"This paper provides an overview of the use of uranium and coal in Ontario Hydro's generation program. The dynamics of available supply sources including mining and transportation infrastructures and regional considerations are described. Included is a discussion of needed procurement strategies, both in place and planned, to meet fluctuating fuel requirements while ensuring adequate supply security and cost effectiveness. IntroductionDuring the first half of this century, Ontario Hydro or the Hydro Electric Power Commission of Ontario, as it was then known substantially supplied all of the province's electricity needs from a large number of hydraulic generating stations. Although hydraulic power still provides a very significant part of Ontario energy requirements, this paper will concentrate on the role of uranium and coal in their generation program. To provide a perspective on the importance of these two fuels, Figure I shows the approximate value of each for the past few years in relation to Hydro's total operating costs. The trend toward increasing nuclear output and a corresponding decline in coal use is also clearly illustrated.Figure 2 shows the currently installed capacity of their three main energy sources, hydraulic, nuclear and coal and the 1986 production totals for each, followed by Table I which compares the average operating or running cost on the basis of dollars per megawatt hour for each type of plant. It demonstrates dramatically why Ontario Hydro base load s its hydraulic and nuclear plants, and why coal has become the swing fuel on the system. Although they have a 1200 megawatt plant in Toronto with natural gas-burning capability, and a 2000 megawatt oil-fired station near Kingston, both are presently mothballed and have not been considered in this paper.This paper starts with a user's perspective of the nuclear fuel supply situation which will be discussed in relation to the usual considerations of security, flexibility and cost."

Jan 1, 1988

By Robert D. Brown

The federal government kicked off the new budget season in November 1978, when Finance Minister Chretien announced a handful of proposed amendments to provisions of the federal Income Tax Act and Regulations affecting mining. (See Tax Notes in the January 1979 issue of the CIM Bulletin.) Declaring in his budget speech that these changes were in response to the report of the joint federal/provincial task force on resource taxation, Mr. Chretien tossed the ball to the provinces-" I want to take the lead here... I feel confident that the provinces will do their part". Quebec and Ontario, picking up the ball in their spring budgets, have announced favourable modifications to the provincial taxes on mining, with these moves being paralleled in the recent Manitoba budget, which proposes a flatrate mining tax to replace the previous controversial two-tier royalty. In the meantime, the federal government passed a host of amendments to the federal earned depletion regulations. The result is yet another batch of complex tax changes for the industry to note and digest, but this time with the hopeful factor that most of the changes are favourable to the industry. This article reviews the current status of the federal budget changes, comments on the Ontario, Quebec and Manitoba proposals, and reports on the changes to the earned depletion regulations that were passed by Order-in Council in March 1979.

Jan 1, 1979

By M. L. Jeremic

"Hydraulic mining consists of coal erosion by powerful jet s of water from hydraulic monitors operated by remote control. The broken coal is crushed and mixed with water and then transported from the face to the surface using gravity whenever possible. This is a simple, safe and productive method. It will easily satisfy North American productivity standards if the structural features and coal properties are favourable for water jet cutting technology (Kaiser Resources Ltd. , hydraulic mine). General ConsiderationIn open-pit mines, placer mining (Fig. I) and hydroelectric construction projects, hydraulic earth moving techniques have been successfully applied. The stripping and transporting of the overburden has been accomplished by means of large monitor jets augmented by slurry pumps and pipes. An extension of this technique has led to the underground extraction of coal and ores. To date, the method has been most successfully used in undergrond coal mining, because the coal can be easily cut and flushed away by water jets, and the rocks of the roof strata can be left behind. Due to this favourable situation, the hydraulic mining definition only relates to the underground coal mines.At present, there are four basic types of hydraulic mining, which can be defined according to the coal breaking technique used in each case. The methods are briefly discussed below:(1) Coal excavation may be carried out by conventional techniques, but the mine is designed and equipped for the hydraulic transport of the mineral from the working place to surface. Under these circumstances, the coal breaking may not be influenced by the water jet, however it may be indirectly involved. For example, pre-loosening of the coal may be done by water infusion-hydraulic fracturing. Water may also be used to flush the broken coal, which has been excavated either by drilling and blasting or by mechanical cutting, into the transport flumes. In other cases, a mechanical loader may load the coal directly into the hydraulic transport system, without using any water for the extraction process. This hydraulic mining concept is primarily used for hard and impermeable coal, such as anthracite."

Jan 1, 1980

By R. W. Guill

"The Apex Mine is currently scheduled to be brought back into production by Hecla in the first quarter of1990. Its projected productivity rate will be exceptionally high for a small underhand cut and fill mine.The ore mined at the Apex Mine occurs within a pipe-like structure as a series of iron oxides containing both gallium and germanium, plus significant amounts of silver, zinc, lead, and copper.Ground conditions in and around the ore zone have dictated that unique approaches be utilized. To date, these have included a prototype 0.5 cu. yd diesel LHD, and the use of fibrous shotcrete in 4ft by 7ft headings, and the first pneumatically-placed cemented backfill in North America. Above all else, it is the combination of new technologies with a small and dedicated workforce which has allowed for the successful development of this ore body.IntroductionThe Apex Mine is an example of the typical small underground project. It has high grade, but low tonnage and is deposited in poor ground. In such cases, conventional planning and thinking generally results in an uneconomical evaluation and negative production decision. Fortunately, some unconventional thinking was allowed to take place during the planning and evolution of the Apex Mine development. The result now serves as an example of how such unconventional thinking can lead to the type of innovations described below.The job necessitated the development and use of new equipment and materials to execute a highly flexible underhand cut and fill mine design/pneumatic backfill concept, that must be constantly modified as different than assumed conditions become evident in and around the ore zone."

Jan 1, 1990

By D. W. Smith, J. J. Koskinen, T. A. Enwald, M. E. Ball

"A full-scale demonstration unit of Tampella's LIFAC desulphurization process was tested at SaskPower's Poplar River Power Station Unit No. I. The test program included a series of parametric tests, followed by a 1500 hour operational evaluation. This paper summarizes the results of the test program, and SaskPower's economic evaluation which led to selection of the LlFAC process for SaskPower's 300 MW Shand power station. IntroductionOne of the major influences on the coal mining industry today is public and legislative response to acid rain. When sulphur-bearing fuels such as coal are burned, the sulphur oxidizes to sulphur dioxid e (S00 which, if uncontrolled, enters the atmosphere as one of the by-products of combustion. S02 then combines with water in the air to form an acid and acid rain results. Combustion also produces nitrogen oxides (N0J which can combine with water in the air forming nitrogen based acid , also contributing to acid rain.Acid rain has become a significant international concern. Newspapers have reported on dying forests, dead lakes and crumbling statues. Papers also include articles professing that the physical results of acid rain are vastly overstated. In the United States, a IO-year, Y2-billion dollar study called the National Acid Precipitation Assessment Program (NAPAP) was commissioned to evaluate the effects of acid rain. Even this extensive scientific study did not resolve the controversy. Despite disagreement over the quantitative effects of acid rain, there is no doubt that public concern over the issue is widespread and deeply felt.In response to this concern, legislators throughout the world have reacted with programs that restrict the emission s o f SO, and NO,. To industries involved in the supply and use of coal, the impact of these legislative programs has been extensive. United States power plants will be spending 10 billion dollars in the next decade for flue gas clean-up equipment. Even all this new equipment will not stem the tide of change to low sulphur coals and to “clean “natural gas. The following summarizes legislative actions taken for Canada and the United States."

Jan 1, 1993

By Ronald E. Pike

"PREFACEAt the CIM Annual General Meeting in Quebec City, R.E. Pike of The Toronto-Dominion Bank described how the Canadian banking industry worked with the minerals industry to assemble the large capital requirements for resource projects in Canada and overseas. He developed a profile of the mining industry and Canadian banking, both being important sectors of the Canadian economy and global in context. He also outlined the banking and financing partnership that existed in the past. In looking to the future and challenge that lies ahead f or each industry, Mr. Pike questioned whether the financing practices of the 1970s will be acceptable over the next decade. In that regard, he highlighted the risks that impact on each industry and illustrated how that financing partnership might evolve in response to those forces. The folio wing is a synopsis of his paper.IntroductionThe Canadian mining and metals industry is prominent in the domestic economy and respected internationally. Any measure of its performance illustrates that status-percentage of GNP, employment, exports, capital investment, size relative to other producing nations, etc.Energy, Mines and Resources Canada has forecast that the non-fuel minerals industry will grow in real terms by an average annual rate of 3.0% over the period 1981 to 1991. Using the GNP as reference, that growth in non-fuel mineral production will represent 7.7% of GNP. In translating that growth to capital expenditure, the EMR Canada estimates the aggregate amount at $43.8 billion ('79 dollars) or approximately 12% of total business investment in Canada during the 10-year period.About half of the $43.8 billion will be devoted to the ferrous sector-$8.4 billion in iron ore mining and $12.4 billion in the steel industry. Capital investment in nonferrous s projects is estimated at $13.3 billion, and it is projected at $6.7 billion for industrial minerals. The residual $3.0 .billion is exploration spending."

Jan 1, 1982