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By R. A. Ozerkevich, R. J. Voisey

"SherrGold's MacLellan V ne is located about five miles south east of Lynn Lake immediately to the east of the Keewatin River. (Figure # 1)The property is accessible by an all weather road, leading north from the provincial highway 391, which links Lynn Lake with the Town of. Leaf Rapids and the city of Thompson to the south.The MacLellan Mine (formerly the Agassiz property) was discovered in the early 1950's and optioned from Comiesa Corporation in 1979 by Sherritt. SherrGold Inc. was formed in September 1985. Sherritt then transferred the MacLellan Mine, 15 other gold prospects in the Lynn Lake area and the old Lynn Lake nickel-copper mill to SherrGold. At the same time Sherrgold entered into a management agreement with Sherritt whereby Sherritt would develop and operate the MacLellan Mine and conduct SherrGold's exploration activities.The ore body as outlined in the original feasibility study is expected to produce in excess of 300,000 ounces of gold and 450,000 ounces of silver over the next 5 years. However the deposit is open to depth and exploration is continuing on and around the main zone and the many satellite deposits.The start of construction of the MacLellan mine and mill was scheduled to phase in with the closure of the Fox copper-zinc mine located 30 miles west of Lynn Lake. The majority of the employees from the Fox Operation were either employed at the MacLellan mine or relocated to Sherritt's Ruttan Operation."

Jan 1, 1987

By Eric Low

Raising capital by issuing debt or equity is necessary in almost every corporation. In the field of corporate finance, the raising of capital is a heavily-studied topic. However, some of what is studied on this topic in corporate finance is not applicable in the mining industry. There are also many financing options that were created for the mining industry such as flow-through shares, prepaid forwards, and royalty sales. The cyclical nature of the industry makes the risk-return profile of financings more difficult to estimate than in other industries. Additionally, the methods used to assess firm value are different than other industries, as the values of orebodies are not included on balance sheets. For precious metals companies, which are a hedge against most other securities, there are additional complications with determining investor expectations and cost of equity. This thesis puts forth a decision-making framework to explain mine financing choices from the perspective of mining companies. The approach is threefold. First, all of the major equity and debt financing instruments available to mining companies are presented and analyzed. Each financing method is assessed on a wide range of criteria. Next, these concepts are applied in case studies of four companies: BHP Billiton, Barrick Gold, Teck Resources, and Noront Resources. For each company, the overall choice of financing methods is shown and analyzed. The effect of financing choices on the weighted average cost of capital (WACC) is calculated. The final section deals with case studies of individual mine finance decisions during the past two years.

May 1, 2011

By Daniel Hodouin, Claude Bazin

"A graphical method to assess the size reduction by grinding is presented and illustrated with data collected from laboratory grinding tests and industrial grinding circuits. The method lies between the graphical comparison of size distributions and the population balance model. The method is easy to apply and provides a quick way to compare grinding mill performances under various operating conditions and processed ores. The application of the method to industrial mills shows that a grinding mill operation could present an invariant behaviour that can be exploited for simulation purposes.INTRODUCTIONThe size reduction of particles by grinding has been studied for decades and several books were published on the subject. Most of the recent studies focus on the modelling of the ball, semiautogenous and autogenous grinding mills operation (Napier-Munn et al., 1996) because accurate simulators can be used for design, optimization and control. Although the development of realistic simulators is progressing, the trial and error method is still used by many operators to identify optimum operating conditions for a grinding machine.Laboratory tests allow the characterization of the material submitted to grinding and the analysis of various operating conditions, such as ball size or shape, mill speed and slurry concentration of solids, on particle size reduction. Similar tests can be conducted in a plant, but results are often difficult to analyze due to errors associated with sampling and sensor accuracy. This paper presents a graphical method to assess the degree of size reduction carried out by a grinding machine. The paper consists of three sections. The first section describes the method and the following sections illustrate the method with data taken from laboratory and industrial grinding machines."

Jan 1, 2004

Brunswick Mine employs an ore and waste pass system for material transfer. This paper reviews the evolution and performance ore pass systems at the mine. It presents the range of selected configurations, inclination, dimensions etc. Select case studies are used to address the influence of structure, stress and materials handling on the longevity of the employed ore passes.

Feb 1, 2008

"The characterisation of resources and description of variability across different ore domains is key to accurate prediction of probable metallurgical performance. Such characterisation testwork often has limited drill-core from which to work and this immediately confines the characterisation method to smallscale. For flotation feeds, the JKMSI (Mineral Separability Indicator) is being developed as a potential characterisation tool, building on earlier work by Chudacek, (1990), which used shaken test tubes, and was called the EMDEE device. In addition, the consistency of flotation recovery for specified size fractions has shown to be preserved, irrespective of the amount of material in that size fraction obtained by different milling conditions, so that the overall recovery can be estimated from knowing the particle size distribution (McIvor and Finch, 1991; Bazin et al, 1994, Runge, 2007 and Wightman et al, 2010) The JKMSI unit uses less than 10 g of material per test in narrowly sized classes and results to date have demonstrated the value of the test. This paper discusses the potential of the test by demonstrating the link between JKMSI performance and mineralogy of five different ores from Laguna Seca, Escondida Minera Limitada as well as the correlation to plant scale performance obtained in an earlier survey (Coleman et al, 2006). Further work to tie down the proof of representatively of the small sample has been identified and is discussed and included in the paper. INTRODUCTIONSince the uptake of the flotation process at the turn of the twentieth century, small scale, laboratory methods have been sought to characterise flotation response. Although laboratory batch flotation tests are the most widely used method to evaluate reagents, characterise ore variability and obtain suitable model parameters using various scale up factors Runge (2101) other methods using less ore would be useful where ore samples were limited.A method using test tubes for testing ores’s flotation response to reagents was first developed by Ian Walk (Wark & Wark, 1935; Wark; 1938; Sutherland and Wark 1955). In these tests a 50 cc stoppered measuring cylinder served as a means for a qualitative experiment, the aeration being effected through violent shaking by hand. In these experiments about 10 g of mineral was ground by pestle and mortar under water after which the ground material was deslimed and adequately conditioned with the appropriate reagents."

Jan 1, 2013

By T. A. Chepushtanova, I. U. Motovilov, V. A. Luganov, G. D. Guseynova

"Kazakhstan has significant reserves of oxidized nickel ore with low nickel content. Processing of such ores is effective via pyrometallurgical technologies such as smelting to ferronickel or matte with consecutive extraction of metals from melting products. There are also many options for direct hydrometallurgical processing. However, they do not provide high nickel recovery.We studied extraction of nickel and cobalt by using combined technology of low-grade ore processing from the Shevchenko Kazakhstan deposit, which includes smelting to poor matte followed by hydrometallurgical processing of the matte. The nickel content in the initial ore was 0.75–0.9%. Pyrite concentrate of Sokolov-Sarybai Kazakhstan deposit containing 0.17% cobalt and 0.06% nickel had been used as a sulphidizer at smelting.As a result of the study, we were able to extract up to 98% of the nickel and up to 80% of the available cobalt. Obtained matte contained 3.1% nickel, 0.29% cobalt, 71.6% iron and 24.3% sulfur. Matte leaching was carried out by hydrochloric acid. The iron content in the pregnant solution was 170–185 g/dm3. Nickel and cobalt precipitation from the pregnant solution was carried out by hydrogen sulfide. Initial matte or cast iron was used as neutralizers during the process. Practically complete precipitation of nickel was achieved at 3–5% excess of neutralizer at 333–343°K in 4 hours; up to 95% of cobalt precipitation was achieved in 50% excess of neutralizer at 363°K in 8 hours. The purified solution contained 200–600 mg/dm3 of nickel, 80-100 mg/dm3of cobalt and 175–185 g/dm3 of iron. The purified solution allows to obtain iron oxides by high-temperature hydrolysis, and to regenerate hydrochloric acid.As a result of non-ferrous metals precipitation we obtained sulfide concentrate with concentration of Ni up to 25% and concentration of Co up to 5.5%. The technology is recommended for semi-industrial testing."

Jan 1, 2016

By H. Powell

"This paper discusses how elemental analysis of conveyed bulk flows in real time using PGNAA (Prompt Gamma Neutron Activation Analysis) technology has resulted in significant improvements in advancing plant control in mineral processing operations. PGNAA through belt, full stream, continuous, multi-elemental, real time analysis technology is explained. Capabilities and limitations in plant operating environments are discussed including comparison with other real time, on-line technologies through review of published information available for on-conveyor minerals applications. Case studies include an iron ore and copper-gold company, both of which consider the technology an essential component in advanced plant control necessary in new process flow sheet designs, rather than an optimisation tool.INTRODUCTION Process operators rely on supply of a reasonable ore quality and consistency from the mine. Unfortunately neither the mining nor process operators have much control over the ore quality once it has been put into the crusher. Grade control typically stops once the material is designated as ore and the process plant operator needs to process it irrespective of quality. Plant control is most effective when technologies measure process streams directly and preferably in real time. Measuring sampling streams that are not representative of the primary flow will result in incorrect plant control decisions. Sampling coarse conveyed flows is expensive and impractical at many operations, however, this does not mean those flows cannot be measured. Investigations to find techniques suitable for real time elemental analysis have focussed on the application of known laboratory techniques to process streams. For conveyed applications, development of neutron irradiation techniques were most promising and early studies indicated potential success for bauxite measurement (Beurton et al, 1995). Tran & Evans (2001) concluded there was no equivalent technology to PGNAA in terms of material penetration power and that the technology was eminently suitable for basic industries such as cement. Nelson and Riddle (2003) evaluated PGNAA for possible use in the phosphate industry by using a unit installed in a cement plant to test performance on phosphate samples and ultimately recommended its use for further characterisation of the mine’s various ore types to improve stockpile allocation and grade control"

Jan 1, 2014

By Dolea Gabriel Gheorghe

In the present paperwork is proposed an economical-mathematical model (fuzzy) that aims optimize the technological variants of the mechanized coal face. By fuzzification, the issues to solve become more flexible and allow the decision maker to acquire more variants for the functions objectively established. The description of technological solutions is carried out by a set of controllable variables of "category" type by which the type of the machinery is defined within the frame of the actual geological & mining conditions. In the paperwork are used concepts of "successions graph" and "matrix of compatibilities"; with their help a methodology to choose between different technological variants of coalfaces is proposed. It treats the problem of developing the functions that express the membership degree in vague concept. In the end it is presented an assessment procedure for the technological variants of mechanized coal face.

Oct 1, 2009

By Donald Leroux, Asim Tuzun, Simon Gariépy, Luc Lachance, Hayley Halsall-Whitney

"The importance of coherent material balance results has long been recognized by mining and metallurgical companies. Although this is still true nowadays, various stakeholders are increasingly concerned about the origin and the accuracy of the reported numbers. The last decade has shown that most metallurgical accounting concerns can be addressed by making two important changes to plant performance monitoring practices. First, introducing data redundancy into the metal balance procedure allows the estimation of measurement errors. Second, the migration from spreadsheet-based to relational database based systems brings transparency, data integrity, traceability and auditability into metallurgical accounting. Relational databases also facilitate the production of reports that metallurgical accountants must issue routinely. Recognizing the caveats of the spreadsheet-based metal accounting method they had been applying for years, Strathcona decided to switch to a commercial relational database system in 2008. For the most part, the migration was seamless. Some challenges were raised but they could all be overcome and outweighed by benefits gained from day-to-day utilization of the system.INTRODUCTION Metal accounting (Morrison, 2008) has always been essential to high-quality corporate governance of mining and metallurgical companies. Although the importance of coherent material balance results has long been recognized, various stakeholders are increasingly inquisitive about how the reported numbers were obtained and how much accuracy can be attributed to them. This accrued scrutiny is obviously no stranger to the corporate governance tightening that happened through the years in response to outrageous accounting scandals. It is also in continuity with securities laws (such as NI-43-101 in Canada) that were passed to protect the public from other market fraud. Recognizing the importance of spotless metal accounting in their reports to the public, a group of global mining companies gave AMIRA International the mandate of developing a set of rigorous yet practical metal accounting guidelines for the mining and metallurgical industry. The AMIRA P754 project was launched in 2004 and the first version of the resulting Code of Practice was released the following year. Since then, the Code was reviewed twice and revised releases were issued (AMIRA, 2007). While some parts of these guidelines are in continuity with current commonplace practices, other parts recommend changes to inherited practices that may be significant. For example, they highlight the importance of data redundancy (Lachance & Flament, 2011) which in many operations is either already available but unexploited or achievable with reasonable efforts. These guidelines also stress the importance of state-of-the-art metal accounting systems, such as those based on relational databases, which are secure and entirely auditable by a Qualified Person. Because most spreadsheet software packages allow data and formulae to be modified at any time, without a trace and anonymously, they do not meet these requirements."

Jan 1, 2012

By R. E. MacAfee

THERE have been great changes in the design, capacity, and pressure of steam generating units over the past fifty years. If we go back as far as 1890, the plants then existing were largely horizontal return tubular boilers, hand-fired, with the boilers supported on the brick sitting which was com-posed of red brick with, probably, a refractory lining one brick thick in the combustion chamber. About this time, the water tube boiler began to supplant the H.R.T. boiler and, where new plants were being constructed of any size, water tube boilers were largely installed. In those days, say from 1890 to 1905, a 250 h. p. water tube boiler was considered a large unit. These boilers were largely the straight tube type and were set with the first row of boiler tubes three to six feet above the grates. The brick setting was a combination of red brick and fire-brick. The fire-brick lining in the furnace proper was usually 9 in. thick and in the first pass 4 1/2 in., while the rest of the setting was entirely red brick. These units were largely hand-fired and were expected to produce about 100 per cent rating as a maximum. It may be well at this point to define rating, which is the evaporation of one boiler horse power per hour by each ten square feet of heating surface in the boiler. A boiler horse power is the evaporation of 34.5 pounds of steam from and at 212°F. Consequently, a boiler containing 2,000 square feet of heating surface is rated at 200 h. p. and the evaporation at 100 per cent rating is 200 X 34.5, which equals 6,900 pounds of steam per hour from and at 212°F.

Jan 1, 1939

By L. Lui, A. Cauchon, A. R. Laplante

"The gravity circuit at Les Mines Camchib Inc. consists of two pinched sluices to bleed a feed to one of two 76 cm (30"") Knelson concentrator. The Knelson concentrate is upgraded to smeltable grade with a smaller Knelson (18/30 cm) and a riffleless table. Their tails are column cyanided and washed prior to recycle to the grinding circuit. This paper details size-by-size circuit performance. The Knelsons recover around 90% of free gold (as determined by Mozley Laboratory Separator), even below 37 µm. The sluices are ineffective, with upgrading ratios around 2, but approaching unity in the fine sizes. Much of the effectiveness of the circuit lies in the high gold circulating loads in the grinding circuit, which partly atone for the poor sluice performance, and the ability of the Knelsons to recover free gold. Secondary upgrading recovers slightly above 99% of the primary concentrate gold, 90% of it in a 65% Au concentrate and the balance in a heavily loaded (10 to 20 oz/st) pregnant solution. INTRODUCTIONBackgroundThe operating performance of the mill of Les Mines Camchib Inc. has been described earlier (Laplante et al., 1989). The presence of significant chalcopyrite (1 % and up) makes flotation necessary prior to cyanidation, to limit cyanide consumption and minimize environmental impact. In 1982, the presence of very high gold circulating loads in the grinding circuit lead to the commissioning of a gravity circuit, schematically shown in Figure 1. Gravity recovery of gold has been found beneficial because it increases metallurgical recovery by 1-3% (Laplante et al, 1987), as only part of the flotation tail is cyanided, and economic recovery, because of the lower net smelter return of gold in the flotation concentrate (as compared with the gravity concentrate). The latter increase is estimated, with a net smelter return of 95%, at 1.5% when gold recovery by gravity is equal to 30%. In early 1988, a sampling program was initiated to characterize the behaviour of gold in the grinding/gravity circuit. This paper reports on the results of this study."

Jan 1, 1990

By Henry Stoch

It?s a green, green world ? Public concern about the impact of human activities on the environment and the roles that businesses play in that impact is rising. What?s happened in the last few months? ? Recent news: ? British Columbia announces carbon tax in 2008 budget ? Federal Court ruling stalls oil sands approvals due to a lack of consideration of GHG implications ? US Energy Independence and Security Act could limit government procurement of oil sands-derived fuels ? Western Climate Initiative (WCI) suggests a ?first seller? approach for regulating generators outside WCI jurisdictions ? Implications ? A cost for carbon has arrived ? The lack of a GHG strategy can have a material impact on your business ? Regulations in other jurisdictions could affect your organization

May 1, 2008

By J. P. Sancho, J. M. Duart, J. I. Verdeja, J. O. García

Following a short review of the history of rails used in the transport of passengers and goods, this paper describes the process for rail fabrication, rail structure, and properties, and summarizes the fatigue test curves carried out on rails used today. Also reported is the process for “continuous rail” production using aluminothermic welding via the introduction of weld metal in onsite casting, as a homogeneous melt. Weld characteristics of aluminothermic welding using different preheating procedures—fusion zone, heat-affected zone, microstructure, hardness, slow bend test, and fatigue test resistance (Wöhler curves)—are related to preheating and welding procedures of 700, 900, and 1,100 MPA rail grades. The Locati method is preferred over the staircase method for ascertaining the fatigue limit due to its simplicity. Macrographic and metallographic inspection of broken specimens reveals the reliability of welding techniques and the good metallurgical quality of welds.

Jan 1, 2007

By Iann Bouchard

Introduction à l?abrasion et l?érosion Avec le temps, tout solide va éroder et user les métaux les plus durs; de plus, la Corrosion va aussi laisser une couche mince et faible d?oxydation qui sera rayée du substrat. Solutions et guide de sélection Les polymères de Henkel Loctite® peuvent: ? Réduire l?abrasion par glissement ? Protège contre les agents corrosifs ? Prévenir la cavitation ? Augmenter l?efficacité ? Réduire la turbulence ? Résister aux hautes températures?

Feb 1, 2008

By S. J. Haynes

"This paper documents the characteristics of the different quartz veins, and their relation to gold, in the turbiditic Meguma domain of eastern Nova Scotia. Eleven different types have been distinguished in the greenschist facies on the basis of form, internal structure, mineralogy, wallrock alteration and crosscutting relationships to each other and to regional structures. Gold is present as rare visible disseminations in host rock slates and in ore-grade, early-formed veins, that pre-date the formation of upright Acadian folds and intrusions of Devonian granitoids. Four vein types pre-date Acadian folding. Five gold-deficient vein types are associated with Acadian folding (syndeformation); whereas two gold-deficient vein types clearly post-date this deformational event: Previously unreported, wall rock alteration is associated with early crosscutting and semiconcordant auriferous veins. In contrast, early stratiform veins are devoid of wallrock alteration. It is suggested that the auriferous vein arrays formed as submarine exhalitive systems over synsedimentary tensional faults and that the Meguma domain may represent the opening of a basin similar to the modernGuaymas rift .IntroductionThe term ""turbidite-hosted gold deposits"" is introduced to distinguish gold deposits contained within a turbiditic sequence of wackes and shales (or their metamorphosed equivalents) from gold deposits in other types of sediments. Usage and justification for the term is similar to ""carbonate-hosted lead-zinc deposits"" or ""volcanogenic massive sulphides"". A range of different characteristics can be present in individual deposits, some of which may be indicative of specific deposit types in the same manner that volcanogenic massive sulphides can be subdivided into ""Cyprus type"", ""Kuroko type"", ""Besshi type"", etc. Historically, gold deposits hosted by turbiditic flysch were an important class of quartz-vein gold mines in the 19th century. They included the goldfields of Victoria, Australia, Otago, New Zealand and Nova Scotia, Canada. Production from most of these fields had ceased by World War II and interest in this type of deposit waned. However, the recent exploration interest in gold has resulted in both re-assessment of the classical mining camps and the discovery that ""turbidite-hosted"" gold deposits are present in many parts of the world.Mapping of the regional geology and gold deposits of the Megumadomain of Nova Scotia was carried out by E.R. Faribault of the Geological Survey of Canada between 1886 and 1939. Faribault produced a comprehensive series of maps and reports for each gold district, a compendium of which was published by Malcolm (1929)."

Jan 1, 1987

By Grant Goddard

Cameco?s ?Double U? Strategy ? Double existing production ? To 40 million lbs U3O8 annually ? By 2018 ? Existing operations ? Saskatchewan ? United States ? Kazakhstan ? Projects under evaluation ? McArthur River expansion ? Kintyre (Australia) ? Inkai Block 3 (Kazakhstan) ? Development properties ? Cigar Lake project Measures of Success ? Safe, healthy and rewarding workplace ? Supportive communities ? Clean environment ? Outstanding financial performance

Nov 1, 2011

By Rick Coleman, Chelvan (Chevy) Veloo

"P.T. Freeport Indonesia's lrian Jaya Operation has been producing copper concentrate continuously since 1972. Numerous ore discoveries and five mill expansion programs have seen the initial milling rate of 7,200 MTPD escalate to the present rate of 125,000 MTPD, producing 2.5 million pounds of copper and 3,500 troy ounces of gold per day. The latest expansion, commissioned in February 1995, incorporates a 34 foot Semi- Autogenous Grinding (SAG) Mill, two 20'x30' Ball Mills, conventional roughing, cleaner column flotation, and attendant upgrades to the existing concentrate pumping and dewatering facilities. This paper will describe the SAG Plant flowsheet, and focus on the key training issues which contributed to a successful plant start-up.IntroductionP.T. Freeport Indonesia's operations in the Ertsberg mining district are located in the Jayawijaya Mountains of Irian Jaya, the easternmost province of the Republic of Indonesia. P.T. Freeport Indonesia (PTFI), the operator, is owned by Freeport MacMoRan Copper and Gold (81.3%), the Government of Indonesia (9.4%), and private Indonesian investors (9.4%). Geographical location, and sailing distances are provided on the attached location map.The operation stretches over 7 4 miles ( 114 km) from the dewatering and concentrate shipping facility at the Port of Amamapare on the Arafura Sea to the Grasberg open pit located at 3400m. The regional geology is covered in detail by Van Nort et al (1991 ), with current proven and probable reserves estimated at 1.13 billion metric tonnes grading 1.30% Copper, 1.42 ppm Gold, and 4.06 ppm Silver. The Grasberg open pit mining operation provides 92% of the mill feed, and is described in detail by Hickson (1991). The remainder of the mill feed is derived from several underground block caving operations. Current production rates provide a mine life in excess of 25 years. However, very favorable geology in the area leads to expectations that additional reserves will extend the life of the operation considerably."

Jan 1, 1996

By Claude Bazin

"The On-Stream Analyzer has proven and is still proving to be an extremely valuable tool for the control of flotation circuits. This paper examines the possibility of going further in the utilization of the provided assays using a real-time material balance program to calculate the distribution of solids within the streams of a circuit. Mass balance results can be used for process control, process analysis and detection of sensors malfunction. Examples from 3 Canadian and one American concentrators are presented to illustrate the potential of the method.IntroductionThe On-Stream Analyzer (OSA) has gained, over the last two decades, the status of key instrument for the control of flotation plants. The OSA is currently used in almost every sulphide flotation plant and its application in oxide mineral flotation plants is increasing. On-Stream Analyzers provide X-rays pulse counts that are converted into assays using multilinear regression programs. The estimated assays are passed to the flotation operators, via an operator console, or to control loops of various degrees of complexity (McKee, 1991) implemented in a Distributed Control System (DCS). Operators and/or controllers take control actions based on these assays to ensure an adequate operation of the plant. Although this application pays off very rapidly for the purchase of the OSA, one should ask: Could we get more from the OSA?Some plants reported the use of OSA measurements to process optimization (McKee, 1991). The optimization strategy is based upon economic indices calculated from metal recovery using the 2 product formulae (Wills, 1992, page 124). The 2 product formulae is however sensitive to measurement errors in the assays and can lead to considerable scatter in the calculated indices (Hodouin et al., 1993). Least squares algorithms provide an interesting alternative to filter out measurement errors (Spring, 1992). This paper presents a recursive least squares algorithm that estimates in a real time fashion the mass flow rates in a flotation plant using OSA and mass flow measurements. The algorithm is robust and its recursive structure is not demanding in terms of computation time and memory. The method was tested with data from four concentrators. Results of the material balance algorithm prove to be useful to detect sensors malfunction and may potentially be used for the control and optimization of flotation plants.The paper is divided into two sections. The first section gives a description of the proposed method. The mathematics of the method are kept to a minimum, since the detail is presented elsewhere (Bazin and Franklin, 1994). The second section shows the application of the method to different flotation plants."

Jan 1, 1995

By D. F. Kidd

Introduction In a companion article, Surveys at Great Bear Lake, 1931, R. C. McDonald has described the general character, topography, and climate of the Great Bear Lake-Coppermine River area and the main means of access (l). The present paper will largely be confined to the geological features of the district. In the last two years, the rocks of the region have received considerable attention, and papers including references to .the geological succession have been written by Knight(2), Duncan(3), Norris( 4), Reid(5), Cameron(6),and Kidd(7). The writer confined his field-work during the 1931 season to the district between LaBine point and Hunter bay and northwest to the head of McTavish arm. Brief trips were made down the Sloan river from McLaren lake, 25 miles northeast of Hunter bay, to that place, to Dowdell (Sixty-six) point, the south point of Echo bay, and to the region north of the Dismal lakes and west of the Coppermine river. The inner part of Echo bay, which is the area discussed by Reid and Cameron, has not been seen by the writer and the geology there will not be discussed.

Jan 1, 1932

By Bruno Lemelin

Falconbridge Ltd Raglan Mine has been in production since 1998 and has produced annually some 900 000T of ore grading 3.1% nickel, 0.9% copper and 0.06% cobalt. The mine is located in Nunavik, Northern Quebec. The current mine life is estimated at approximately 20 years. Reserves are composed of numerous small ore bodies situated across a 65 km strike length. Planning the extraction of the ten small mineralized zones represents a great challenge to optimize. The overall objective is to maximize the company?s return on net assets. Actual planning uses computerized technology tools like Automod and Mine2-4D, and a conventional discounted cash flow method (DCF) of calculating net present value (NPV). The complex setting of Raglan could benefit from advance valuation techniques such as the real options method (RO). This paper will present the characteristics if the mines that make it a good candidate to use RO to gain further insight.

May 1, 2004