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By H. A. Kramer

The Flin Flon mine is at present hoisting 5,000 tons of ore daily. In 1943, a peak production of 6,188 tons daily was maintained. Before discussing secondary blasting, it is felt that a short review of stoping procedure will be of value. A list of papers dealing with various phases of the mining operation is appended. Stoping Practice Stopes vary in width from 30 to 150 feet, in length from 200 to 450 feet, and in height from 200 to 500 feet. A typical stope would be 300 feet long, 300 feet high, and 90 feet wide. The dip of the orebodies varies from 60° to vertical, with an average of 82°. The ore is heavy, having a specific gravity of 4. Both sub-level benching and radial drilling are practised. Blast-hole diamond drills are responsible for 85 per cent of the total production. Two sizes of hole are drilled at present, 11 7 6 -inch and 1%-inch. For bench drilling, the burden on the 1 7/16-inch hole is six feet, with holes on 8-foot staggered centres; in radial drilling, the burden is six feet, with nine feet between the toes. The burden on the l 5/8-inch hole is eight feet with holes on 11-foot centres, or 13 feet on the toe of fanned holes. Holes are blasted with two No. 8 instantaneous electric caps per hole, using 403 Polar Forcite. A powder charge of 0.15 pounds per ton is used, with a tonnage factor of 5 and 6.4 per foot drilled for the two sizes. Two rows of holes are blasted together. Fragmentation is satisfactory with the above drilling pattern and powder charge. However, some overbreak and fall-off locally results in oversize material. It is estimated that, after primary breaking, 75 per cent of the ore will pass through the grizzly openings and 15 per cent will pass the draw points, leaving 10 per cent that must be broken further to pass the draw points.

Jan 1, 1946

By P. Chollet, A Constant

THE RESULTS of a previous investigation ( 1) on the work-softening of some heat-treated steels have led to the conclusion that the occurrence and intensity of the phenomenon is possibly governed by the work-hardening capacity of the material, and the relative amount of retained austenite. The first assumption is compatible with Polakowski's theory (2) that the absence of work-softening, in steels quenched and tempered at relatively low temperatures, may be attributed to the high rate of work-hardening which compensates for, and even out-weighs, the loss of internal energy associated with the simultaneous rearrangement of the original system of internal stresses. Indeed, Polakowski first considered the work-softening as a manifestation of a partial release (by cold-working) of the latent strain energy stored in

Jan 1, 1962

By George K. Foster

The Jeffrey mine of the Canadian Johns-Manville Co., Limited, is in the town of Asbestos, situated approximately 100 miles northeast of Montreal and about the same distance southwest of Quebec, in Richmond county, Quebec. Mining operations were started in 1881 on outcrops on a hill, as a side-hill cut, followed by a second and third cut. This development was the forerunner of the present large open-pit operations, the mine now ranking as the largest open-pit asbestos mine in the world. Operations were first carried on by hand, then by horsepower and later by stem cableways. By 1914, the derrick spans, 2,000 feet or more long, became unwieldy. To overcome this, and also to eliminate hand labour as much as possible, steam shovels and railway haulage were introduced. The steam shovels were replaced in 1928 by larger electric shovels of the full-revolving type.

Jan 1, 1946

By B. Courtaud, L. Donati, V. Weigel

As a growing mining company, ERAMET is looking for new positions in the strategic metals market. In this context, the Gabonese Maboumine pyrochlore deposit is currently being studied for the recovery of niobium, tantalum, rare earths and uranium. This ore shows mineralogical and chemical characteristics that make it challenging to process by existing practices, from both technical and economic points of view. ERAMET has developed since 2008 an innovative hydrometallurgical process, which has been successfully operated at a pilot plant scale (more than 35 weeks in continuous). The upstream part of the process aims to dissolve valuable elements in sulphuric acid. The first step is dedicated to dissolve the ore matrix, leaving the pyrochlore unleached. The second step consists in chemically breaking down pyrochlores in order to form soluble species of the valuable elements. After dissolution, the valuable elements are separated into different flows: niobium and tantalum are recovered and transformed as commercial ferroniobium on one side, and rare earths and uranium remain in the solution to be recovered in the downstream part of the process. The main goal of this paper is to discuss the upstream part of the process, which has given successful results.

Jan 1, 2014

By J. -P. Lempainen, K. Haavanlammi, K. Valkama

The Outotec nickel matte chloride leaching process is especially suitable for small capacity standalone nickel refineries. The matte is leached with hydrochloric acid and oxygen in multiple steps in atmospheric OKTOP® reactors. Oxygen feed prevents reductive conditions and hydrogen formation in the leaching process. A sufficiently high acid concentration keeps the iron dissolved in the solution. The iron is removed after leaching by precipitation and the pregnant leach solution continues to metals recovery. The metals recovery from the chloride solution is done by solvent extractions, where ammonia is used for pH control. Copper and nickel are stripped from the organic phases into sulphate solutions. Metals can be recovered from the purified solution by conventional electrowinning. Other alternatives are precipitation or hydrogen reduction processes. The ammonium chloride in the solvent extraction raffinate is regenerated into ammonia. The calcium chloride solution from ammonia regeneration is routed to acid regeneration where sulphuric acid is added and ultra-pure gypsum is precipitated. The hydrochloric acid solution from this step is recycled back to leaching. The process yields good overall metal recoveries and expensive

Jan 1, 2014

By Guichao Wang, Geoffrey M. Evans, Graeme J. Jameson

"In this paper we present a new method for studying the detachment of particles from bubbles in a rotating turbulent eddy. The eddy is formed in a wall cavity in a two-dimensional water tunnel with transparent walls. When water flows through the tunnel, a vortical flow field develops in the cavity. The properties of the eddy can be modulated by changing the free-stream velocity of the water in the tunnel. Bubbles are pre-loaded with one or more particles in a fluidized bed flotation device located beneath the vortex cavity. Loaded bubbles are released one at a time into the cavity, and the motion of the bubbleparticle aggregate is studied using a high-speed video camera. The diameters of the particles and the bubbles, and the number of particles initially attached to the bubble, can be varied. The trajectories taken by the bubbles are quite complicated. In some cases, the bubble moves to the centre of the eddy, and particles rotate around its axis. If the rotational speed is sufficient, particles may detach due to centrifugal force. However, other modes were observed, including inertial detachment due to rapid changes in direction of the surface of the bubble, because of changes in trajectory of the bubble as a whole, or because of pulsations and oscillations of the bubble surface. Clusters of bubbles held together by particles were seen to form and reform. In the traditional explanation for the detachment of particles in flotation cells, it is assumed that particles detach from bubbles rotating in an eddy due to centrifugal force (Schulze, 1977). Although the conditions assumed in Schulze's theory may exist, it is only one of a range of phenomena that can lead to the detachment of particles from bubbles in a turbulent vortex.INTRODUCTIONThe recovery of particles by flotation methods is dependent on the particle size. The recovery in the existing flotation machines reaches a peak for particle size, typically in the range of 20 to 100 µm. This size range varies as a function of the particle’s properties (type and composites). For coarser particles, the recovery drops very quickly (Gaudin, Groh & Henderson, 1931; Jowett, 1980). If the upper size limit can be increased for flotation, dramatic savings in the grinding energy can be achieved."

Jan 1, 2016

By S. G. Shabestari

In the metal casting industry an improvement of component quality mainly depends on better control over the production parameters. Thus, thermal analysis cooling curve of the alloy is used for process control in aluminum casting industry. Cooling rates of the alloy during solidification process affect microstructure, grain size, eutectic silicon morphology, and dendrite arm spacing (DAS). In this research, effect of cooling rate on the microstructure and solidification parameters of 319 aluminum alloy that is a widely used alloy in automotive industry, has been investigated by means of thermal analysis. Seven different cooling rates have been obtained by using CO2-bonded silica sand molds with two different wall thicknesses, hot-work tool steel molds (H13) with and without coating, thin-wall steel molds with different coatings. In each case, cooling curve and first derivative cooling curve have been plotted by use of very accurate thermal analysis equipment. Effect of different cooling rates on solidification parameters e.g. Nucleation temperature (TN,a), nucleation undercooling (ATN,a), recalescence temperature (TR,a), solidification range (AT,s), and total solidification time (t 0 have been studied in the liquidus region. Microstructural evaluation has been carried out and DAS were measured in all solidification conditions. A numerical equation was proposed to predict cooling rates via measuring DAS in 319 aluminum alloy. Nucleation process and the effect of cooling rate have been interpreted by using thermal analysis cooling curves and microstructural study.

Jan 1, 2004

By J. G. Peacey, G. Csicsovszki

The target of this study was to clarify the role of lead on the dissolution of gold in the (NH4)2S2O3-Cu leaching system via chronopotentiometry, linear sweep voltammetry and chronoamperometry. It was found that the dissolution of gold was significantly increased with lead concentration up to 10 mg/1 Pb in the system of 0.1 M (NH4)2S2O3 and 50 mg/1 Cu. \/oltammograms suggested that the anodic dissolution of gold was virtually independent of lead concentration in the range of 1-10 mg/1 in 0.1 M (NH4)2S2O3 solution while in solutions containing copper as well, addition of lead increased the anodic dissolution of gold.

Jan 1, 2011

By Ahmad Ghahremaninezhad, Rebecca Radzinski

Arsenic is a highly toxic compound that is naturally found in the environment and is released through the processing of sulphide minerals. Arsenate (As5+) is less toxic than arsenite (As3+) and is soluble in water but can form insoluble precipitates when metal ions are present. The arsenic removal processes used in industry assume that arsenic is in its pentavalent state. Hydrogen peroxide can be employed to oxidize arsenite; however, it is expensive. It has been shown that activated carbon can be used to catalyze the oxidation of arsenite with oxygen as the only consumed reagent at ambient conditions with an efficiency of 99% in less than 24 hours. The mechanism which oxidizes arsenite is not yet understood; however, this study shows that a strong oxidizing agent is formed in-situ. The species and amount of oxidant formed were determined via iodimetric titration and electrochemical methods. The production of oxidant was optimized by comparing the amount of oxidant formed in-situ to the relative amount of arsenite oxidized.

Jan 1, 2015

By David Deglon, Martin Harris, Mehdi Safari

"This study investigates the effect of energy/power input on the flotation of a platinum ore in a pilot-scale oscillating grid flotation cell. Oscillating grids generate near ideal hydrodynamic environments, characterised by turbulence which is relatively homogeneous and isotropic. Secondary rougher feed and primary cleaner tail streams were floated in a pilot-scale oscillating grid flotation cell at power inputs from 0 to 2.5 W/kg, using 0.50 and 1.50 mm bubbles. From this study one may conclude that the effect of energy/power input on the flotation rate is strongly dependent on the particle and bubble size. Flotation rates generally increase with increasing particle size and decreasing bubble size. Increasing energy input generally leads to an increase in the flotation rate for finer particles and an optimum flotation rate for intermediate & coarse particles. Optimum conditions for intermediate/coarse platinum ore particles are using small bubbles at low energy inputs, or large bubbles at higher energy inputs. These results suggest that higher energy inputs are generally beneficial for the flotation of platinum ores as these consist predominantly of finer particles (-75 µm) and most industrial flotation applications operate with larger bubbles (1.0-2.0 mm).INTRODUCTIONThere is a considerable body of experimental and theoretical evidence to suggest that energy/power input plays an important role in flotation kinetics, particularly in the finer particle sizes where flotation efficiency is poor (Deglon, 2005). A number of excellent studies into the effect of energy on flotation kinetics have been carried out in impeller stirred cells (Ahmed and Jameson, 1985; Deglon, 2002; Pyke et al., 2003; Newell and Grano, 2006). Investigations using this type of cell have a number of limitations. The impeller influences particle suspension, bubble break-up and agitation in the cell. In addition, turbulence is highly inhomogeneous and anisotropic, with power intensities near the impeller orders of magnitude higher than those found elsewhere in the cell (Deglon, 1998; Koh and Schwarz, 2003; Schubert, 1999, 2008). These limitations have resulted in the development of novel cells for the investigation of energy input."

Jan 1, 2016

By E. Howard Lambert

"Operating costs of mining plants are increasing due to the increased cost of labour, materials and fuels. Labour and materials costs are factors not readily controlled. However, the use of energy from fuels may be controlled by plant operations. This paper describes the fossil fuels, their expected rate of depletion and their costs. The paper considers methods which may be used to provide an efficient use of energy from fuels. It includes an outline of obtaining energy, as heat, from mine milling operations (air compression) and obtaining the maximum use of energy from fuels used to generate electricity."

Jan 1, 1973

By H. E. Pawson

Giant Yellowknife is located 600 air miles north of Edmonton on the north shore of Great Slave Lake in the Northwest Territories. In its 24 years of operation some 7,730,000 tons of ore have been treated to yield $175,000,000 worth of gold.The gold ore occurs at irregular intervals throughout a fold-like sericite schist zone cutting Precambrian rocks. The ore is characterized by 40 to 80% quartz - carbonate and about 10% pyrite and arsenopyrite. Considerable amounts of stibnite and antimony sulpho-salts are also present. Gold is finely divided in the native state existing in complex association with the sulphides. In most instances stibnite is barren but minor values are evident on occasion. Visible native Fold, quite prevalent in the early operating years, is, practically non-existent today. It was readily apparent from mineral dressing investigations conducted in .1944 that Giant ore would be difficult to treat. By 1948 a flow sheet had been established and operations began. In the ensuing years, changing ore characteristics necessitated modifications to some process steps and complete abandonment of others. By 1962 the major metallurgical problems were solved and all that remained was the refining of operating performance to its highest level.With one or two exceptions today's operation follows the practice established by 1962 (Fig. 1 - Flowsheet).

Jan 1, 1973

By WENDY MARTIN

The Eastern Townships and Asbestos Hill areas are the current asbestos-producing districts of Quebec. Mining in the two areas began in the /are 1870s and 1972 respectively. Production from the Eastern Townships is derived from rhe Serpentine Zone of ulrramafic rocks, specifically from basal serpentinized peridotite members of what are now considered to be allochrhonous ophiolitic material that was abducted onto the Early Ordovician continental margin. From south west to northeast, the rhree allochthonous asbestos-producing sections of the Serpentine Zone are designated the Asbestos Ophiolite Complex, the Thetford Mines Ophiolite Complex and the Pennington Dyke; the Pennington Dyke is considered to represent a segment of serpentinized Alpine peridotire that was fragmenred from a larger, more complete ophiolire complex. The Asbesros Hill deposir on the Ungava Peninsula lies in what apparenrly is an inrrusive sill found wirhin rhe Chukorar Group, the uppermosr group of Precambrian-aged Cape SmithWakeham Bay Belr of volcanic-sedimentary rocks.

Jan 1, 1984

By N. Birbilis, S. Kairy, C. R. Hutchinson, D. Jiang, D. R. Feenstra, O. Gharbi

"Recent developments in metal-based additive manufacturing (AM) technology have generated considerable interest in multiple industries, owing to flexibility in design and the ability to produce final components in their net shape. The AM of high-strength aluminium alloys has not been widely explored, due to findings of undesirable microstructures leading to short fatigue life and poor fracture toughness; restricting the application of AM to lower strength aluminium alloys (with cast-like Al-alloy compositions) to date. Herein, aluminium alloy AA2024 (Al-3.6Cu-1.2Mg) was additively manufactured via selective laser melting (SLM), with the resultant microstructures and corrosion properties characterised and compared to wrought AA2024-T3. Microstructural characterisation was carried out using transmission electron microscopy (TEM), revealing SLM produced AA2024 included a population of ?-phase (Al2Cu) in preference to S-phase (Al2CuMg) typical of wrought AA2024. Additionally, the corrosion properties were investigated by potentiodynamic polarisation in a range of NaCl concentrations, whilst elemental corrosion rates were also determined (including for open circuit exposure conditions) and quantified in situ with an inductively coupled plasma mass spectrometer coupled with an electrochemical flow cell. Results revealed a significant improvement in the corrosion resistance, and elemental dissolution of AM prepared 2024 relative to wrought AA2024-T3.INTRODUCTION Aluminium alloys remain the preferred candidate materials in applications requiring a balance of low density and strength. The ability to produce net shape components from aluminium alloys has accelerated due to recent developments in metal-based additive manufacturing (AM) technology, including selective laser melting (SLM) and powder bed 3D printing. The AM of Al-alloys, including Al-Si-Mg (namely AlSi10Mg), has become widespread commercially in recent years. Alloys including AlSi10Mg offer reliable and reproducible production by AM, however such alloys (and variants thereof) are not high strength alloys. The pursuit of higher strength AM Al-alloys presents significant merit to multiple industries; however, such higher strength AM Al-alloys have not been widely studied to date. The solidification of high strength Al-alloys during conventional (casting) operations needs to be executed in a manner that avoids so-called =hot-tearing‘, which can arise as a result of the solute type and loading. A report on the solidification of a high strength Al-alloy prepared by AM, along with factors related to solidification, was recently covered by Pollock and co-workers (Martin et al., 2017). It was reported that AM of high-strength aluminium alloys (which have to date been principally based on the compositions of wrought high strength Al-alloys) may lead to undesirable microstructures that reduce fatigue life and result in poor fracture toughness; presently limiting the application of AM to lower strength aluminium alloys (with cast-like Al-alloy compositions) to date."

Jan 1, 2018

By A. Romero, M. Carvalho, D. L. Millar

"The number of underground mines replacing diesel by battery powered mobile equipment is growing worldwide. The latter produces locally zero emissions and less heat, improving air quality in the working areas, and can potentially reduce energy costs due to lower ventilation requirements and in the face of higher fuel prices. However, there is a lack of systematic approaches to evaluate the potential economic benefit of switching from diesel mobile technologies to electric ones. This paper presents a method to answer the question of whether a mine with known operating conditions should invest in battery-powered electric equipment to reduce its total costs. Furthermore, this method provides the optimal number of electric and diesel equipment in relationship with their impact on the ventilation system and the total costs of running the mine from the energy perspective. A case study of an underground mine in Northern Ontario (Canada) is presented to validate the method proposed. The scenarios studied include the specific climatic conditions of the region, and the possibility to use heat recovery for the ventilation system. Overall, results show that the use of electric mobile plants is cost competitive, especially so when electricity cost can be lowered through load-shedding strategies.INTRODUCTIONOf the multiple advantages of using electrical vehicles (EV) underground in mining, the potential increase in air quality and comfort is the most significant (Paraszczak, Svedlund, Fytas, and Laflamme, 2014). Until recently, fully battery-powered electrical underground heavy duty machinery (i.e., loaders or trucks) were not available, so that tethered and trolley assisted vehicles were the only electric alternatives to diesel powered vehicles (Bétournay et al., 2011). Today, several commercial battery-based alternatives are available (General Electric Fairchild, 2015; RDH Mining Equipment, 2015; Paraszczak et al., 2014). Operational details can be found in Ewing (2015). The main battery technology used (Lithium Iron Phosphate, LiFePO4, or LFP) was already anticipated in Bétournay et al. (2011) as a good candidate for these types of vehicles. More details on these batteries, along with state of the art and future perspectives can be found in Zubi, Dufo-López, Carvalho, and Pasaoglu, (2018)."

Jan 1, 2019

By Gavin A. Hunt

In order for mines to operate profitably throughout their life it is important to monitor and maximise ore recovery. A common problem facing many mines is the underestimation of clay type and its distribution in ore at the mine face, blast hole or in the ore stockpile. Too much clay entering the heap leach ore stream for example causes a dramatic reduction in heap leach efficacy and or increased leaching times. The end result is poor leaching performance and much reduced metal production. Poor clay identification and quantification is attributable to many factors, including costly and slow off-site mineral analysis techniques, such as XRD, XRF and petrology, the visual and subjective limitations of the core logging geologist and a lack of suitable low cost, high throughput mineral logging instruments. To get round these problems a new, non-contact, imaging spectrometer - the SpecCam - was developed by Spectra-Map Ltd, to allow high throughput identification and quantification of minerals from mineable material. Its novel imaging design can collect millions of data points (pixels) per day; each pixel contains spectral information that allows a wide variety of mineral types, including the smectite and illite clays, and phyllosilicates such as talc and kaolin, to be identified. Because all the ore can be imaged a much more reliable mineral log can be made. Hence, mapping changes in mineral composition - related to variations in phenocrysts, macrocrysts, veining or wall rock - is possible. Examples of SpecCam data from Goldfields Cerro Corona Porphyry stockpile and from Rio Tinto?s Argyle Diamond mine illustrate the mineral identification and quantification capabilities of the SpecCam. More importantly, for the first time very accurate % abundances for the different minerals can be obtained using an image-based modal count technique. The modular design of the camera, plus its extremely flexible high speed filter, mean that the SpecCam can be easily installed on different equipment, each one suited to different ore recovery problems. For example the SpecCam can be used on an automated portable logging frame to measure drill core, RC chips, hand samples or powder, or alternatively installed on a Geotek multi-sensor core logger for high-throughput, automated logging of drill or blast hole core using co-registered multi-sensor data. An exciting recent development has been the installation of the SpecCam on CommoDas ore sorting equipment, used around the world for 24 hour mill-feed monitoring and automatic ore sorting. Real-time ore sorting decisions can be made as material is monitored on a conveyor belt running at 3m s-1, from which the ore can be automatically sorted into high-grade, low-grade or waste streams for example. The three installation options for the SpecCam mean that most mineral analysis and automated core logging or ore monitoring needs can be met at the mine. For the first time rapid and automatic mineral identification and accurate quantification can be made. All of which allow the mine geologist or metallurgist to make important decisions about maximising the metal recovery process.

May 1, 2007

By J. D. Little

"THE SALMO PROPERTIES of Canadian Exploration, Limited comprise forty-one Crown-granted mineral claims situated on Iron mountain between Sheep creek (on the north) and Lost creek, some eight miles southward from Salmo, in the Nelson mining division (see Figure 1). On these claims there are at present four operating mines. These are, from north to south, the Dodger, Feeney, and Emerald, all tungsten mines, and the Jersey, a lead-zinc mine, about 7,000 feet south of the Dodger. About midway between the Dodger and the Jersey is a fifth mine, the Emerald lead-zinc mine, which was the first producer in the area but has been inactive since 1926. The locations of the mines are shown in Figure 2.Records of prospecting and claim staking on Iron mountain -which owes its name to the presence of large iron-stained outcrops -go back to 1895. The first recorded owner of the claims that form the old Emerald lead-zinc mine was John Waldbeser who, in 1908, did considerable work and produced 426 tons of lead ore valued, at the then price of lead, at $7,000. This ore was chiefly lead carbonate and was taken from the surface outcrops of two bands of ore that form the Emerald orebodies. In 1909, the Emerald was the largest lead producer in the Nelson mining district."

Jan 1, 1953

By A. E. Cameron

The curve of coal production in Nova Scotia over the past forty years shows a definite maximum reached in 1913. Continued production to this maximum will require a greater tonnage per man-day, and this means there cannot be any increase in total man power used in the operations. There are still large reserves of coal but much of it will require washing or beneficiating to make a usable product. By-product recovery based on the present product ion is relatively satisfactory. Further development of secondary industries requires adequate markets for the bulk materials produced by the processing. It also requires access to other raw materials as well as markets for the principal product of the operations. Scientific investigation and research are needed to prove the quantity and value of lower grade or poorer quality coals, and methods for their recovery and utilization. Economics of further processing of present and future production must be investigated beforehand, if a successful development is to be assured. Such development cannot be expected largely to replace present markets. Production of coal for genera l use must continue to form the major function of the coal industry of the Province. Costs per ton must decrease, or subsidies or other assistance must increase, if the industry is to survive. Costs of investigation and research and costs of capital outlay for further development muse be met.

Jan 1, 1944

By R. J. Chase, C. Davies

"Abstract- The Merelani graphite-tanzanite deposit is located in northeast Tanzania, 14 kilometers south of Kilirnajaro International Airport and in close proximity to the towns of Moshi and Arusha . The graphite mineralization is hosted by relatively undeformed linear Proterowic metasedimentary gneisses, several of which have been subjected to hydrothermal alteration resulting in tanzanite mineralization. Exploration work comprised detailed geological mapping coupled with pit and trench channel sampling and a subsequent 1500 meters of diamond drilling. In addition, metallurgical tests have shown the graphite to be of unusually coarse flake size, crystallinity and high purity.Feasibility studies have shown the economic viability of a major coarse flake graphite deposit with the measured resource to 50 meters in excess of 9 million tonnes assaying over 8o/o graphitic carbon . Production is due to start by the end of the first quarter of 1994 with the processing plant design capacity initially set at 15 000 tonnes per annum.ln addition to graphite production, tanzanite will be produced through selective mining within the graphite open pit in the upper horizon and from underground workings within the lower horizon.The Merelani graphite-tanzanite deposit will be the first major orebody to be exploited through means of private funding since Tanzania gained independence."

Jan 1, 1994

By W. Bullen

A hypothetical economic model has been developed for diamond projects in the Canadian Arctic using data from recent exploration and mining projects. The model reflects economic conditions applicable to the diamond mining industry in the Canadian Arctic at the present time. The economic model captures pre-production expenditures, production data, and post-production costs. Before- and after-tax cash flows are derived from the data along with the relevant economic criteria. From the corporate perspective, the model provides guidance concerning the minimum size and/or in situ value per tonne requirements of targets being sought in order to ensure economic success and predict exploration and development expenditures. From the government perspective, the model provides an indication of income and mining tax revenues that can be expected from a particular diamond project. The model shows, on average, diamond projects in the Canadian Arctic are expensive to explore for and develop, but are economically robust under the present conditions. They generate great economic return for mining companies and significant amounts of tax revenue for governments. The fact that diamonds can be transported directly from the minesite by air makes them particularly attractive targets for mining companies that operate in the Canadian Arctic.

Jan 1, 2006