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By Robert B. Parsons

"It is generally felt that flow-through shares face a bleak future under the set of tax rules proposed in the federal government's tax reform white paper. Industry and government circles are beginning to give thought to alternatives to flow through as a mechanism for facilitating equity financing in the exploration industry. Despite suggestions that grants and tax credits may someday be on the table, industry is sticking to its position that there is no substitute for flow-through. Alternatives toFlow-throughProposals in the federal government's tax reform white paper have cast significant doubt on the ability of the mining industry to raise risk capital after 1989by way of flow-through shares. There is serious concern that introduction of the ""cumulative net investment loss"" (CNIL) rules, the phase-out of the mining explorati0! 1 depletion allowance (MEDA), and the Increased capital gains inclusion (750/0 versus 50%, at present) will make the economics of flow-through so unattractive after 1989 that these shares will hold little appeal to most investors. The question might be raised, then, as to what alternatives exist by way of tax or other government assistance that could help the exploration sector.The purpose of this paper is to survey the types of government incentives that could be of some value to explorationists and to the mining industry in general. For the past several years, flow-through has been in the spotlight insofar as incentives to the exploration industry are concerned. Other potentially useful and attractive incentives have been partially hidden in the shadow of flow-through. These incentives, in certain circumstances, can be of considerable benefit, and should not be ignored."

Jan 1, 1988

By J. R. Pronovost, P. M. Tiley, D. W. Watts

"In 1980, J.S. Redpath Limited were retained by Dickenson Mines Limited to increase hoisting capacity from 700 to 1000 tons per day. The hoisting capacity of the present skip-over-cage system could not be increased significantly through design modifications. The other constraint was a minimum of disruption to the current production. The Dickenson shaft was a three-compartment shaft from surface to the 8th level and four compartments before the 8th to the 23rd level. The solution to the problem was to remove the services from the shaft man-way compartment from the 8th level to surf ace by drilling a borehole close to the shaft and rerouting those services through the borehole to the 8th level. A service compartment would then be available from surf ace to the 23rd level.By providing a service hoist in this compartment, the skip hoist would then be free to produce the 1000-tons/day required production. This paper will describe the search for the required hoist and the friction hoist selected for the project, and trace the design modifications required to modify the hoist to suit the Dickenson application and satisfy the Department of Labour safety requirements.The paper has been co-authored by J.S. Redpath Limited and C.L. Tiley Associates, who participated in the design changes and eventual commissioning of the hoist.IntroductionIn the earl y part of 1980, J.S. Redpath Limited conducted an engineering study on the Dickenson Mines Limited No. 1 Shaft materials handling system. The object of the engineering study was to investigate the possibility of increasing the tonnage hoisted from the No. 1 Shaft complex by adding a service cage compartment and service hoist. This would permit utilization of the existing hoisting plant solely for production hoi sting. A further consideration of the engineering study was that any alterations had to be accomplished with little, or no, interruption to production."

Jan 1, 1982

By J. R. Pronovost, P. M. Tiley, D. W. Watts

"In 1980, J.S. Redpath Limited were retained by Dickenson Mines Limited to increase hoisting capacity from 700 to 1000 tons per day. The hoisting capacity of the present skip-over-cage system could not be increased significantly through design modifications. The other constraint was a minimum of disruption to the current production. The Dickenson shaft was a three-compartment shaft from surface to the 8th level and four compartments before the 8th to the 23rd level. The solution to the problem was to remove the services from the shaft man-way compartment from the 8th level to surf ace by drilling a borehole close to the shaft and rerouting those services through the borehole to the 8th level. A service compartment would then be available from surf ace to the 23rd level.By providing a service hoist in this compartment, the skip hoist would then be free to produce the 1000-tons/day required production. This paper will describe the search for the required hoist and the friction hoist selected for the project, and trace the design modifications required to modify the hoist to suit the Dickenson application and satisfy the Department of Labour safety requirements.The paper has been co-authored by J.S. Redpath Limited and C.L. Tiley Associates, who participated in the design changes and eventual commissioning of the hoist.IntroductionIn the earl y part of 1980, J.S. Redpath Limited conducted an engineering study on the Dickenson Mines Limited No. 1 Shaft materials handling system. The object of the engineering study was to investigate the possibility of increasing the tonnage hoisted from the No. 1 Shaft complex by adding a service cage compartment and service hoist. This would permit utilization of the existing hoisting plant solely for production hoi sting. A further consideration of the engineering study was that any alterations had to be accomplished with little, or no, interruption to production."

Jan 1, 1982

By Susan W. Campbell, Bruce Regensburg

"The CIM Careers Task Force has addressed industry's concern of a perceived shortage of skilled personnel over the coming decade. The industry is faced with a fundamental shift by young Canadians away from scientific and engineering careers, coupled with the fact that today 's students know little about the minerals industry and have a poor image of it.The responses to two questionnaires which were distributed to CIM members, government, professional associations, and educational institutions, formed the backbone of the Task Force position paper, which presents a shopping list of ideas and initiatives for consideration and to facilitation by the various organizations concerned.Tackling the image of the minerals industry is part of the answer to the careers crisis. On the positive side, the minerals industry provides the allure of a treasure hunt for young people and is seen as a significant contributor to the economy. It is understood to be well paying, provide good opportunities for advancement, individualism, and travel, and to be rich in esprit de corps. Enhancement of these positive aspects of the image can take place at all student age levels.Numerous initiatives tackle the negative aspects of the image. Young people perceive the industry to be environmentally damaging, which is the most crucial aspect that needs to be addressed. The industry is seen as still in the pick-and-shovel days and as a sunset industry that is running out of ore. Work in the minerals industry is perceived as dangerous and lacking glamour. And finally, the perceived remoteness of operations and exploration is seen as a drawback to a largely urbanized student group.Tackling young peoples' curiosity and interest in the minerals industry throughout grade school and encouraging postsecondary science and engineering students to enter the minerals industry by ensuring summer employment is the second part of the equation.The CIM Careers Task Force position paper develops strategy to attract and maintain interest of students in grade school, junior high, senior high school, and in post-secondary levels. The strategy outlines initiatives targetted at each of the educational levels and action plans to accomplish the objectives."

Jan 1, 1993

By Gordon E. Agar

"The effectiveness of two this compounds for copper sulphide depression in molybdenite flotation has been examined with batch bench scale tests.Both thioglycollate and trithiocarbonate proved to be good depressants producing results similar to those f or cyanide and hydrosulphide. Ferrocyanide was ineffective on the samplematerial tested.The depressing effect of thioglycollate was readily reversed by an addition of xanthate.IntroductionThe separation of molybdenite from copper sulphide minerals has been practised for a long time(1,2). The predominant scheme is to depress the copper sulphides while capitalizing on the ready floatability of molybdenite to effect the separation. There are many recipes for depressing the copper minerals(3), among them the addition of sodium cyanide, particularly if the copper is present primarily as chalcopyrite; some form of sulphide whether as sodium sulphide, sodium hydrosulphide or phosphorous pentasulphide when there is a mixture of copper sulphides such as bornite, chalcocite and chalcopyrite; potassium ferro cyanide may be used when chalcocite is the principal copper sulphide; peroxide or hypochlorite; as well as heating in the presence of lime. There are different mechanisms by which these reagent s depress the copper sulphides. Sodium cyanide and the sulphide-producing compounds apparently reduce the potential of the copper sulphides to the point where they ar e rendered unfloatable by xanthates . Another study(4) showed that after cyanide addition, chalcopyrite was rendered un floatabl e until the REDOX potential (measured with a gold electrode with a saturated calomel reference) had become more positive than -250 mY. If the chalcopyrite pulp was conditioned after the cyanide addition the REDOX potential increased slowly, whereas if air was introduced during the conditioning the potential r ose much more rapidly. The difference in time to reach the desired level of - 250 mV was as much as 20 minutes' 25 minutes being required when air was absent but less than 5 minutes when air was admitted . These observation s demonstrate some of the problems encountered when using cyanide to depress sulphides such as chalcopyrite . The system adjusts to counteract the depressing effect of the additive. To overcome this tendency it is necessary to either add an overdose at the beginning or to more or less continuously add the regulating reagent. In this study cyanide solution was added under automatic control to maintain a specified REDOX potential."

Jan 1, 1984

By Joseph H. Harris

Shebandowan Mine presents a unique opportunity for the mining industry to demonstrate its willingness and ability to use electrical energy effectively. The mine is a typical 250D-ton/day operation supplied by a i5-MVA power transformer. it is a recent, up-to-date design and operates on a four-day/week, two-shift/day basis. The paper outlines an energy profile based on historical data. It accurately describes the individual and total energy input For: (1) production and non-productive junctions; (2) production and down-time periods; (3) peak and average activity levels; and (4) principal energy utilization equipment. A comparison is then made of production data to electrical data, and production and electrical data to design data. The paper concludes that energy management has an important benefit for the mining industry by assisting in maintaining a competitive operation through reduced costs and fewer production slow-downs in the event of energy shortages.

Jan 1, 1979

By H. W. Smith, D. Guerin

"This paper describes the development of a dynamic model for a full- scale (64 tonnes/hr) grinding circuit consisting of an open-circuit rod mill feeding a ball mill operating in closed circuit. The object of constructing such a model is to investigate the static and dynamic behaviour of potential control schemes. Model selection, data processing and parameter estimation are discussed, and static and dynamic results of simulations are presented. Conclusions are drawn with regard to the adequacy of the model for such studies, and likely limitations on control of such circuits.IntroductionThe model developed here is intended to represent the grinding behaviour of the grinding circuit at the Lake Dufault division of Falconbridge Copper Mines Ltd. This circuit has been fully described elsewhere. At the time of the work described, the ball mill discharge was fed to a four-cell flotation bank , the tailings of which are combined with the rod mill discharge in the cyclone feed pump sump. As the emphasis in this study is on grinding behaviour, and as only I per cent of cyclone feed material is removed in these cells, no attempt has been made to include flotation behaviour in the simulation. One effect of the presence of flotation cells in the grinding circuit is, however, to necessitate somewhat finer grinding than might otherwise be needed: this will have effects on mill parameters.The paper is organized as follows. First the selection of models is discussed, paying particular attention to the problem of selecting simple, yet adequate, flow models for the mills. Then data gathering is described. The method of deriving mill model parameters is explained, and the results presented. Mass balancing of cyclone data and the determination of cyclone model parameters are described. The linking of the models into a full simulation is outlined, and sta tic and dynamic results presented. Finally, the results are discussed and conclusions drawn ."

Jan 1, 1980

By Ludwig Strah

"The paper outlines the history of rubber mill liners beginning with the awarding of the first North American patent rights in 1923. It includes the early-day applications and installations of the 1920s and 1930s through to their present-day application. Over-all rubber mill liner design is discussed in relation to present day installations employing rubber mill liners in various grinding applications. A brief overview is given of a manufacturer's procedures to produce rubber mill liners.IntroductionIn early 1910, it became apparent that the productive life of the silver mines in Cobalt, Ontario, could be substantially prolonged by mining lower-grade ores.The mining of lower-grade ores required the establishment of treatment facilities which initially employed jaw crushers, stamp mills, jigs and concentrating tables. The recovery of silver in other than a coarse metallic form required the additional step which was introduced at that time: the cyanidation of silver concentrates from the tables. The resultant requirement for increased and improved recovery led to the introduction of grinding mills, i.e. tube mills.Shortly after the introduction of the tube mills to the Nipissing Mine's mill in 1914, the idea of using rubber as a mill liner material was spawned. However, no action was taken due to the advent of World War I. It is interesting to note that the idea of rubber mill liners emanated from having used pieces of solid rubber tire as an emergency repair on a set of liners when a liner had broken and no immediately available spare was on site.The credit for this ingenuity and subsequent application for a patent on rubber mill liners falls to James John Denny, the mill superintendent, and Rolla Barnum Watson, the general manager of Coniagas Mines Limited. The patent application was formally made on December 3, 1921. The U.S. Patent Office issued Patent No. 1,470,597 on October 16, 1923."

Jan 1, 1982

By Gordon Sparks, Lyle Kajner

"An often over-looked component in the assessed value of a mining property is the value derived from the ability of the operator to limit financial losses during adverse economic times (i.e. low market price, high energy prices, etc.) by suspending operations. Overlooking the value of this type of operating flexibility when conducting mine investment analysis may negatively bias the risk profile for the investment by over estimating the investment's downside potential, thereby effectively undervaluing the investment. This paper illustrates the nature of the value of operating flexibility and discusses how it may be explicitly quantified within the context of conducting stochastic mine investment analysis. IntroductionMining properties are evaluated using an array of techniques ranging from simplistic non-discounted payback calculation s to sophisticated, discounted-stochastic simulation. Stochastic simulation analysis is perhaps the most robust mine investment analysis technique as it not only provides an estimate of the expected value of the property, but also quantifies the associated risks (for examples of stochastic mine investment analysis, see: Billingsley and Yaychuk, 1986; Gentry and O'Neil, 1984; Munro, 1977; or Harris, 1970).The quantification of risk is important as it provides the necessary yardstick required to allocate the corporation's resources efficiently. Resources are said to be allocated efficiently when the corporation's expected long-term financial reward is maximized while at the same time minimizing its risk (see Hertz, 1968; or Markowitz, 1952 for in depth discussions on efficiency as it relates to investment policy). The efficient allocation of resources should be the objective of any rational corporation. Therefore, rational corporations should employ stochastic evaluation techniques when screening their investments."

Jan 1, 1992

By S. Borle

The microstructural features produced in friction stir welded AZ31, AZ80 and AZ91 alloys are examined when different welding parameters are applied. The microstructures primarily consist of a-Mg grains with a-Mg + Mg17A112 colonies, however melted films of Mg17A112 are produced in AZ91 alloy when high rotation speeds are applied. When the rotation speeds are slow, or the travel speeds are fast the Mg17A112 were incorporated into the stir zone, however they do not exhibit an elongated lamellar morphology associated with melted films. In the case of AZ80, the extruded base material contains a smaller fraction of Mg17A112 and few of these phases are observed in the stir zones. The results are explained based on the dissolution rate and melting temperatures of Mg17A112 controlling the overall morophology and fraction of phases in the stir zone.

Jan 1, 2011

By D. Doyle, T. Cienski

"This paper presents and discusses the results of a detailed study conducted on the subject of energy consumption in the comminution of industrial minerals. The study was based on pilot circuit testing, plant operating data collection, detailed equipment data and literature research. The areas covered by investigations include: high efficiency classification; air classifiers for cement grinding circuits; grinding aids in dry grinding; and dry grinding circuit control based on particle size measurement. Results obtained indicate a large potential for the reduction of energy consumption, in particular in the cement clinker grinding circuits. Better classification techniques and correct application of grinding additives can significantly reduce power used per tonne of product and also substantially increase grinding circuit output."

Jan 1, 1992

By A. P. E. Dirige

In order to maximize the recovery of ore and to save on costs in undercut mining, backfill of low cement content is used to fill the mined out excavations. This backfill mass is supported by a sillmat structure cast from cemented backfill of very high strength. The stability design of sillmats must be carefully studied to provide very effective, safe and economic mining operations. This paper presents a methodology and procedures for sillmat design based on three engineering modeling approaches: analytical, numerical and centrifuge modeling. Application of the design approach is demonstrated from a design study conducted for an underground gold mine, aimed at minimizing backfill binder content and at producing cost efficient paste fill recipes for sillmat construction. Application of the engineering design recommendations was projected to result in substantial annual cost savings to the mine operation.

May 1, 2007

By Donald C. Craighead

"Overland conveyor systems to transport bulk materials from mines to processing plants or load-out stations have to be seriously considered as the viable alternative to truck and train haulage systems. With the ever-increasing price of diesel fuel, conveyors with their electrical drives generally prove to be the least costly when operating and maintenance expenses are analyzed for the life of the installation.IntroductionOverland conveyor systems are now considered as one of the viable alternatives which should be closely investigated when a mining company and its engineers initiate studies on methods of transporting raw materials from a mine to a processing plant or rail load-out station.This paper will generalize the overland conveyor and compare it with alternative handling systems. Each installation must be carefully studied to determine the best route, type of foundations river crossings; amount of excavation work for cut and fill, maintenance roads, etc. No two locations are the same nor are the principles of operation of an overland conveyor the same as those of a normal plant or mine belt conveyor. The proper time and effort must be put into the study of the system to evaluate the costs for comparison with other systems.The length of the overland conveyor depends on the layout of the mine and plant and the topography of the terrain between the terminals. Individual lengths may be up to 20 km, and a series of conveyors may extend 100 km or more.Advantages of Overland ConveyorsThe main advantage of overland conveyors is the low operating and maintenance costs which will be realized over its years of operation. Although truck haulage probably will permit lower capital investment during the initial phases of the mine development when the annual capacities have not developed to the design level, their operating and maintenance costs will be considerably higher. When evaluating the total costs per ton of material to be handled during the expected life of the operation and the projected increases for diesel fuel versus electricity, overland conveyor systems will generally prove to be economically more viable."

Jan 1, 1982

By K. M. Tait, M. M. McDonald

"An overview of the status of the development and application of Integrated Gasification Combined Cycle (IOCC) power generation is presented. Current projects in North America, Europe and Japan are described, together with the status of plans to apply the technology in Canada. A brief review of the technology is presented, including promising coproduction cycles and hybrid gasification fluid bed processes. The ability of the process to be modified for CO2 to be extracted for enhanced oil recovery or disposal is addressed. The environmental impact of IGCC technology is compared to those of other power generation technologies IntroductionDefinition and HistoryIntegrated Gasification Combined Cycle (IGCC) technology is a concept which has been around for about 50 years but has been generating increasing interest in the last 10 to 15 years. This paper focusses on coal as the feedstock for gasification. Other feedstocks used in gasification systems have included oil, biomass, tires and petroleum coke. IGCC technology integrates coal gasification with generation of electricity by means of a combined cycle system which fires the produced gas in the gas turbine. Figure 1 shows the basic components of an IGCC system which are the gasifier, the gas cleanup system and sulphur recovery plant, the gas turbine/generator set, the heat recovery steam generator (HRSG) and the steam turbine/generator set. The benefits of an IGCC system over a conventional Rankine Cycle pulverized coal (RCPC) fired system for the generation of electricity from coal are that the IGCC system has potential to have higher efficiency and lower emissions of NO., SO and CO2 per unit of power produced than the corresponding RCPC system."

Jan 1, 1994

By J. D. Gillaspie, D. T. White

"Sulphuric acid atmospheric leaching of nickel saprolite / garnierite ores was proposed in the early twentieth century, prior to the development of the pressure acid leaching process for limonite ores. Sulphuric acid leaching with alkali addition for iron precipitation as jarosite has been considered periodically since the early 1970s, shortly after the development of the jarosite process for iron control in zinc refining. In the late 1990’s a series of flowsheets were proposed and tested involving simultaneous atmospheric leaching, iron precipitation and acid regeneration. These were considered particularly suited to sequential leaching of limonite and saprolite ores. A number of laterite sulphuric acid leaching processes utilising this chemistry have been put into commercial operation. Similar sequential leaching flow sheets involving precipitation of iron as goethite were also developed and piloted. This paper will firstly describe some of the important historical developments of both the jarosite and goethite processes. It will then provide descriptions of the commercialised processes involving alkali jarosite/alunite precipitation, with special emphasis on the downstream impurity removal requirements necessary for efficient recovery of nickel and cobalt from solution.INTRODUCTION This paper is a summary and extension of previous works with which the authors have been involved, on the subject of sulphuric acid leaching of nickel laterites (Adams, et al., 2004), (Liu H. , Gillaspie, Lewis, Neudorf, & Barnett, 2004), (White, Miller, & Napier, 2006), (White, 2009), (White & Gillaspie, 2013), (White & Gillaspie, 2015). Some of the historical developments of both the jarosite and goethite leaching-precipitation processes will be described, followed by a description of the commercialised sequential nickel laterite leaching processes, involving alkali jarosite/alunite precipitation and acid regeneration, with a comparison to the equivalent goethite based processes. These will include Jarosite Atmospheric Leaching (JAL), Goethite Atmospheric Leaching (GAL) and combined Pressure Acid Leaching – Atmospheric Leaching, termed EPAL®. There will also be an explanation of the downstream impurity removal requirements necessary for efficient recovery of nickel and cobalt from solution."

Jan 1, 2016

By W. P. Clement, M. C. Bell

"PT International Nickel Indonesia, a subsidiary of Inco Limited, mines and processes nickel laterite ores for the supply of nickel matte, primarily to the Japanese market. It has large ore reserves and a substantial portion of its energy requirement is supplied from its own hydro-electric plant. Since the early 1980s, the company has increased its production level and has dramatically reduced its unit costs. Projects are in progress to further decrease costs and recently a major expansion - 31% increase in nominal capacity - has been undertaken, consistent with marketing opportunity in Japan. The expansion project, which has a low capital cost per unit of production, is outlined in this paper.IntroductionPT Inco is a fully integrated mining and smelting facility located in Indonesia on the island of Sulawesi, and is based on a very large, world class nickel laterite orebody located 60 km inland from the Gulf of Bone. Construction of a single furnace line plant started in 1973. Complete supporting infrastructure of townsite, hospital, schools, shopping centres, road systems, and an airport, all had to be built. Prior to completing the first phase, the decision to expand the plant to a three kiln-furnace line was made. A major factor in the decision was the ability to develop the hydroelectric potential of the nearby Larona River. This involved construction of a 30 m high dam, and a 7 km surface canal to the generating station. The penstocks drop 150m to three 55 Mw turbines. The power generated is sufficient to supply the entire electrical load for the complete smelting complex and town site. The unique capability to supply the high smelting energy requirements for a lateritic nickel ore by fully captive hydro power, has, over the past decade insulated PT Inco from the large upward swings in oil prices suffered by other lateritic nickel producers.Wet ore is first partially dried to 20% moisture in two co-currently fired rotary driers, screened on an internal trommel, and delivered to two dry ore storage buildings. The partially dried ore is calcined at 750°C and partially reduced in three large 100 m by 5.5 m kilns. Reduction is accomplished by lancing bunker C oil onto the ore bed at the discharge end of the kiln. The kilns are equipped with five air pipes with onboard blowers to gradually bum the combustible gases generated by the lance oil. The kilns were also originally equipped with two side burners to supply additional heat close to the feed end of the kiln. Calcined ore is transferred by 20 ton refractory lined containers to the furnace feed bins at the top of the smelter. Smelting is carried out in three 18 m diameter furnaces powered by 45 Mw transformers. Slag is skimmed at 1550°C through water cooled breast plates and removed to the slag dump by Haulmaster Carriers. Matte of 25% Ni, 1O% S, 65% Fe is tapped at 1350°C into the converter aisle. The iron is slagged in converters to produce a nickel sulphide matte at 80% Ni. Three rotary Kaldo converters were initially installed. The product matte is granulated, dried, and shipped in returnable rubber bags to Japan. Most of the matte is fluid-bed roasted to nickel oxide and then directly reduced in a second reducing fluid bed reactor at our facilities in Japan.The smelting complex was designed to smelt two million tonnes of dry ore per year, equivalent to 34 000 tonne nickel production at an ore grade of 2% Ni. The cost of the entire project including working capital was $900 million."

Jan 1, 1990

By E. Ghali, C. Su, G. Houlachi

"The influence of lead ions on zinc electrowinning process was investigated by means of electrochemical noise measurements (ENMs) and cyclic voltammetry in conjunction with scanning electron microscopy and X-ray diffraction. All electrochemical experiments were performed in sulphuric acid electrolyte containing different lead ion concentrations as impurity. Lead was added in six trace levels between 0.05–0.8 mg/L in the bath. The lead content of the zinc deposits was dependent on the introduced lead concentrations. The overpotential associated with zinc electrodeposition shifted to higher values with the increase of lead concentration in the solution. An appropriate correlation was found between the different concentrations of lead in the electrolyte and the morphology of zinc deposit by ENM. The results showed that the increase of lead ion concentrations is generally accompanied with the decrease of skew and increase of kurtosis values that could be related to the morphology of zinc deposit. Effectively, the morphology changes from well-defined hexagonal platelets to large hexagonal, layered platelets and finally to non-symmetric refined crystalline structure, respectively.INTRODUCTION In commercial zinc electrowinning, zinc oxide is leached from the roasted calcine with an aqueous acid sulfate electrolyte. Then the zinc-rich solution is purified and transferred into an electrolytic cell. During electrolysis, zinc is deposited on aluminum cathode where lead-silver or pure lead is served as anode. Electrodeposition of zinc could be influenced by several parameters such as bath acidity, temperature, current density, the nature and concentration of impurities as well as additives in electrolyte. Metallic impurities play a complex role during zinc electrowinning and they can adversely"

Jan 1, 2016

By M. M. Hajdasinski

"Any study in the field of theoretical investment analysis, or practical project evaluation, must be based on the assumption of one of the commonly applied models of time and value representation, and the corresponding interest convention. The lack of clear assumptions in this regard may easily confuse both the author of the study and the reader, and sometimes even lead to inaccurate results.In the first part of this paper formal definitions of the continuous and discrete models of time and value representation are introduced; in the second part, the importance of transparent assumptions is shown using a concrete example of inflation calculation in project evaluation.IntroductionIn his recent paper, L.D. Smith(10) discusses an important aspect of mine investment analysis: inflation in project evaluation. His interesting presentation of current practices of handling inflation by Canadian and international mining companies in their feasibility studies ends, in the conclusions, with a call for clear assumptions made when evaluating mining projects.With this call, an important issue has been addressed. The lack of clearly stated assumptions, or their incompleteness, are relatively frequent with regard to the interest convention or the model of time and value representation assumed when evaluating mining projects. It is, for example, fairly common that the quantitative evaluation of a project is performed according to the discrete model of time and value representation and the discrete interest convention, and the graphical presentation, supporting this evaluation, reflects the continuous model.Sometimes such an ambivalency means nothing more than just a formal inconsistency; there are cases , however, that may well lead to a serious confusion and /or to inaccurate results . Before this can be demonstrated on a specific example, a concise description of the models of time and value representation used in the evaluation of industrial projects seems to be in order. Although these models (especially the discrete one) have been in common use in the research and practice of financial analysis for considerable period of time, they have been applied rather intuitively, and their forma] definitions are difficult to find even in the standard textbooks on Engineering Economy."

Jan 1, 1990

By Tony Lipiec, Ian Orford

"A key part of plant design is the selection of the design tonnage which is the hourly tonnage target that the equipment selection is based on. Its selection is critical for ensuring that the nominal tonnage which is critical to the financial performance of the project will be met. With deposits being developed at lower grades, higher tonnages and a higher degree of hardness variability, it is essential to ensure that the design process selects the comminution equipment which will be able to deal with the impact of this ore quality variation.Ore hardness and its variance are key factors to be taken into consideration for the selection of the design tonnage. It is well accepted that for the nominal or name plate tonnage to be consistently achieved, it is necessary to base the design tonnage on a hardness value greater than the average ore hardness of the deposit to be mined. The question is how much greater should this design value be to ensure that the nominal tonnage is met to the satisfaction of the project financial model. Standard industry practice is to set the design tonnage by:1. Select an ore hardness percentile that is greater than the average ore hardness to be the basis of the nominal tonnage. Typically either the 75th or 80th percentile value from the data set will be selected.2. Selection of a design factor to multiply by for determining the design tonnage, i.e. the design tonnage = tonnage (based on the average ore hardness) multiplied by design factor.This paper discusses the selection of the design ore hardness through the use of modelling or the use of a design factor. It further shows the impact of ore hardness variance on the capacity of the process and its ability to meet the nominal tonnage. Insight is provided as to what ore hardness percentile value should be selected balancing the shortfalls of tonnage for ores harder than the design value versus the above target production achieved for ores softer than the design ore hardness."

Jan 1, 2016

By T. D. Brown

"A review of the current status of gasification technology shows that many engineering systems are immediately available for use in the gasification of coal. Widespread international experience can be brought to bear on the atmospheric pressure gasification of all Canadian coals.Unless a high ash content dictates the use of a fluid-bed gasifier, it appears that bituminous coals can be used in gravitating (fixed] bed systems and that the strongly caking coals are most suited to the high-pressure entrained-bed systems . Existing and developing technologies in fluid-bed gasification are attractive for reactive lignites and subbituminous coals.The Fischer-Tropsch based process is the only commercial embodiment of coal liquefaction; the use of Canadian coals in this process depends only on their gasification characteristics. Current developments in hydroliquefaction are directed toward carboniferous coals of medium or high rank. It is not clear that cretaceous coals of the same rank will give similar process yields and economics.IntroductionThe twin coal conversion processes of gasification and liquefaction have a history which dates back beyond the current energy shortages of the western world. Indeed, liquids and gas from coal were produced before this century.Coal gas produced from a coal carbonization process was originated before 1800, and the development of gasification of non-coking coals was patented by Siemens in 1860.This patent represented the first use of air and steam together in the gasmaking process. The pioneering development of coal gasification Using oxygen and steam was demonstrated by Lurgi in the late 1920s. This historical sequence was all carried out at atmospheric pressure, and it was not until the immediate pre-war (1939/45) years that operation of the coal gasification process at elevated pressure became a reality."

Jan 1, 1981