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By J. L. Casado-Sánchez

Financial capital is highly volatile and if the investor does not get adequate compensation for the risk faced he may consider withdrawing his capital assets from the company and consequently produce a structural change in any sector of the economy. We study the variation in profitability of assets in terms of the changes that occur in the markets. The choice of models used is justified by the extensive theoretical and empirical use of them throughout the history of financial economics. We have used the capital asset pricing model (CAPM) and the model based on the arbitrage pricing theory (APT) to determine the beta value. These models have been applied to the monthly returns of 27 mining companies listed on the New York Stock Exchange (NYSE) or London Stock Exchange (LSE), using data from the period covered from January 2006 to December 2010. The results of time series and cross sectional regressions for CAPM and APT produce some errors, suggesting that many companies have failed to obtain an adequate cost of capital. Also the results show that higher risk firms tend to have lower profitability. These findings make it unlikely to be maintained over the long term the current status and could drive structural change in the mining sector in the form of mergers.

Aug 1, 2013

By W. M. Tupper

Municipal governments recognize the importance of aggregates in the local economy and the need to manage this resource in the interest of the public good. They have encountered problems with regulating the industry and the dichotomy between the urban need and the rural source. They have suffered from a lack of financial benefit, an adequate aggregate inventory, provincial strategy, economic information and public understanding. A provincial strategy for ensuring the availability of aggregate supplies to developing areas of the Province is essential. The Province should also be responsible for licensing, research, technical expertise on rehabilitation, public education and financial assistance. Upper-tier municipalities (regions or counties) should assume responsibility for resource management, including resource availability, demand characteristics, truck routing, phasing of resource development and sequential land-use planning. Area municipalities (towns and townships) can best determine the social and environmental impact of a specific aggregate development proposal and should therefore have the primary responsibility for the location of new pits and quarries. They should also have the authority to supplement provincial regulations concerning operating standards and the phasing and standards of site rehabilitation.

Jan 1, 1978

By DALE MacGREGOR, VERA TUREK

lndusmin Limited acquired the St. Donat quartzite deposit in 1967 to produce high-quality silica for use in the sandblasting and silicon carbide industries. The quartzite, of Grenville age, is highly friable and porous. This is due to numerous small, kaolinite-coated cavities in the quartzite; the cavities were formed through leaching, probably by rising hot solutions.

Jan 1, 1984

By James F. A. Hatley

Northern Saskatchewan comprises an area of about 350 000 km2 and boasts some of the world's largest known high-grade uranium deposits. The successful mining of these deposits, however, can not be accomplished without overcoming technical challenges. Not only is the high grade of the uranium ore challenging, but mining methods need to be developed to deal with groundwater at very high pressures, and ground conditions that vary substantially from excellent to wholly unconsolidated clays and sand. This paper discusses the various mechanisms of inflows at the three of the Cameco Corporation Mines in Northern Saskatchewan. The risk of inflows is quantified in terms of unique challenges from hydrogeologic conditions, rockmass integrity, and uncertainty in geologic conditions. Mitigation strategies in case of an inflow are also briefly described. The paper concludes by addressing the impact of institutional rules (corporate standards) on minimizing, monitoring, and controlling the probability and/or impact of unexpected inflows.

Aug 1, 2010

By Jocelyn Koshinsky

The uranium milling process at the Key Lake Operation of Cameco in Northern Saskatchewan, Canada results in the leaching of untargeted metal(loid)s such as arsenic, iron and nickel that are found at high concentrations in the ores. To mitigate the environmental impact of the leached As, Fe and Ni in the mill waste solution (raffinate), the pre-discharge mine tailings (rafffinate and residue) are neutralized with slaked lime, resulting in the formation of secondary As-, Fe- and Ni-bearing mineral phases which serve to control their concentrations to very low levels in the tailings porewater. As part of an ongoing investigation into the long-term evolution (10,000 year) of arsenic mineralogy in the Deilmann Tailings Management Facility (DTMF) at Cameco?s Key Lake Operation, it has become necessary to characterize secondary As-bearing mineral phases during the neutralization process prior to the discharge of the tailings and compare these to in situ As-bearing mineral phases in the tailings facility. This is primarily to determine if changes have occurred over time to As-bearing mineral phases in the tailings facility as well as to investigate whether alternate neutralization techniques may have a beneficial effect on the stability of mineral phases formed. Thus a bench-scale model was developed and preliminary testing conducted to simulate the mill neutralization process (i.e. neutralization of synthetic raffinate solutions with incremental amount of slaked lime to terminal pH values). The resulting ?tailings? (precipitates and supernatant) were then separated and analyzed. XRD analysis of the precipitates shows that the Fe occurred mostly as ferrihydrite. This was complimented with results from Raman spectroscopy which further indicated that the As appeared adsorbed onto the ferrihydrite. Results of geochemical modeling of the bench-scale test compared well with supernatant profiles from ICP-MS analysis.

Aug 1, 2010

By S. H. Logan

The present discussions throughout the civilized world on the subject of gold for monetary purposes may seem due to general economic conditions during the past year. But for some years previously a small group of authorities had warned the world against the continued disregard of an equitable distribution of existing gold reserves, and had urged the necessity of keeping the supply of new gold equal to the monetary demand, which, according to world production and trade figures, increases on the average about 3 per cent per annum. In 1927, Sir John Aird, the President of The Canadian Bank of Commerce, stated that the United States could spare a billion dollars of the supply it then held, 4 ½ billion dollars. About a year and a half ago the Professor of Banking and Currency in the University of London, Mr. T. E. Gregory, said, "If the world finds it impossible to modify its habits so far as to make an organized effort to economize gold seem less Utopian, it must be prepared to pay for its bad habits, in this and other respects, by a possible loss of material welfare." These clear-cut statements were not heeded, perhaps for one reason because most countries were in the flush of prosperity, and making such great demands upon the mining fraternity for industrial materials as to distract attention, at least to some degree, from gold mining. Now the world knows it faces serious problems, first, of making? fully effective its present monetary reserves, which, although badly distributed, are as a whole ample for the needs of the present, and secondly, of preventing a shortage in the supply of new gold, one that may come within the next few years if the present sources of supply are not enlarged, and if there is no marked change in the technique of gold production.

Jan 1, 1931

By T. Eger

Load Haul Dump vehicles (LHD) are extensively used in underground mining however equipment design and operating conditions contribute to restricted operator?s visibility. The inability to clearly see people, objects or hazards around the machine has contributed to a number of accidents including fatal injuries. In order to identify vehicle design characteristics resulting in restricted and blocked sightlines visibility assessments are traditionally completed in the field. However, field methods are unable to evaluate visibility under dynamic operating conditions and are limited in their ability to provide feedback on the impact of various operator characteristics such as sitting height, for example. Results of this research show computer simulation and virtual reality can be successfully used to evaluate visibility during the operation of LHD vehicles. In order to benefit from virtual reality applications the work environment, LHD vehicle and human posture need to be represented as accurately as possible. A computer simulation program with ergonomic ana lysis features, Classic JACK 3.1, was successfully used. Threedimensional CAD models of LHD vehicles were developed from manufacturer specifications and pictur es taken from LHD vehicles currently in use. The LHD models were imported into the JACK environment, a digital human was positioned in the cab of the LHD vehicle and the vehicle and human where driven over a typical mine route. Real-time feedback in the JACK program was used to identify what the operator could see under different operating conditions. Machine characteristics and operating scenarios resulting in impaired visibility were successfully identified with this method. The JACK program can also provide real-time feedback on the human?s joint forces and torques, strength requirements, postural comfort, and metabolic energy expenditure. As a result, this method could be used to successfully evaluate musculoskeletal injury risk factors along with system design recommendations to improve workplace safety and productivity in any setting. The LHD VRML files imported into JACK have also been combined with environment files into other VR software packages (e.g. Maverik) to view in a VRL facility, managed by MIRARCO at Laurentian University. The VR models using these packages can be viewed in stereo to provide better appreciation of spatial visibility issues.

May 1, 2003

By Christopher W. N. Anderson

Induced hyperaccumulation of gold by plants was first reported in 1998 by researchers from Massey University in New Zealand who proposed the idea of mining gold using plants (phytomining). Since that time research has been conducted to understand the conditions under which plants can be made to take up economic amounts of the metal. One key focus has been on the geochemistry of gold-rich soils, leading to a diagnostic test that can predict how suitable a particular soil might be to gold phytomining. Field trials have been conducted at several locations around the world in collaboration with industry partners. A Decision Support System has been developed to assist in the design and management of phytomining operations, and economic modeling has been carried out to set targets levels for phytomining technology. Novel studies are now examining the form of gold in plants. Research suggests that plants may store gold as discrete metallic nanoparticles in leaf and stem tissues, an observation that may lead to new ways to recover the metal from harvested biomass.

Oct 1, 2003

By D. Fredlund

The decommissioning of uranium tailings facilities often requires the design of a suitable cover system. In northern climatic environments there is a portion each year that can be considered to be ?inactive? while the remainder of the year can be considered to be ?active?. There are numerous engineering design assumptions required when analyzing both the ?active? and the ?inactive? portions of the year. Cover systems are subjected to complex boundary conditions and nonlinear unsaturated soil properties. The proposed paper describes the steps necessary for the preparation and the analysis of a multi-year climatic database for the design of a cover system in northern environments. The paper also explains how climate can be classified and how observed variations from one year to the next can be taken into consideration in cover design. The results of climatic records at two different sites are used to illustrate conditions that need to be taken into consideration when designing soil cover systems.

Aug 1, 2010

By M. A. Nadar

Harsh and dynamic construction sites are generally equipped with cranes in order to rapidly and conveniently move heavy loads from one location to the other. If not properly inspected and managed, this operation can be very hazardous and lead to accidents. As such, a reliable and self-contained monitoring system that can update construction and safety personnel about the status of the crane, the weight of the load lifted, the location of the boom with respect to nearby buildings and other tower cranes, and the weather conditions under which the crane is operating, is deemed necessary. This can lead to significant time and cost savings as well as safety and productivity improvement due to the accuracy and immediacy of relevant on-site crane information delivery. This paper takes the initial steps and presents research targeted at evaluating the capability of wireless sensor networks (WSN) for monitoring tower crane operations in construction environments. A reliable long range WSN system is implemented and information is obtained from various special-purpose sensors (temperature, wind, proximity, etc.) mounted on special motes that relay data to and from each other and a central hub. The latter continuously monitors and manages network performance and relays incoming data to the host application. This application, in turn, displays the received data, and maps it onto a user-friendly visualization scheme, triggering alarms when a set of pre-programmed rules and safety conditions are crossed. The components of the proposed system have been tested through proof of concept experiments and preliminary results highlighted the potential of WSN systems for improving monitoring of tower cranes and reducing related accidents on construction sites, especially in Lebanon and the Middle East region where safety precautions are usually not properly implemented.

Aug 1, 2013

By E. S. Moore

"The Centre of the silver-producing section of the Gowganda area lies about 55 miles northwest of Cobalt, and the village of Gowganda is 71 miles by road from New Liskeard. The geological similarities of the Gowganda and Cobalt areas led prospectors westward from the rich Cobalt field, first to Elk Lake and then on to Gowganda, where mineralization was found in 1907. A year later many showings were found, and rich hand-picked ore was shipped. Most of the ore has come, however, from two mines, both of which are still operating; the Miller Lake-O'Brien, which was purchased by Siscoe Metals of Ontario Ltd. in 1945, and the Castle-Trethewey. The annual production of these two mines runs over one and one-half million ounces of silver and considerable cobalt. The total production of the camp has reached about 32,000,000 ounces of silver and a large amount of cobalt, the total not recorded.General GeologyThe general geology of Gowganda is in many respects much like that of Cobalt. There are areas of Keewatin basic and acid Javas mixed with tuffs and basic intrusions. These rocks are deformed and partly altered to schists, and have been intruded by some Haileyburian basic and ultra-basic rocks and by Algoman granite. These were followed by a large number of porphyritic Matachewan quartz diabase dykes. After a period of extensive erosion the Huronian sediments were deposited on a pene-planed surface over all the older rocks; these sediments include large quantities of conglomerate (partly tillite), quartzite, and greywacke. The Keweenawan rocks include the Nipissing quartz diabase sill, later quartz diabase dykes, and one long olivine diabase dyke, the latest Precambrian rock. The area has been extensively glaciated.Structural FeaturesThere has been little folding in the area since the Algoman batholiths were intruded, and the Huronian sediments lie nearly flat, with dips of 10, 15, or rarely 25 degrees. The Matachewan dykes show a remarkably uniform, nearly north strike, indicative of east-west tension when they were intruded. On the other hand, the dykes later than the sill strike nearly east, tangentially to the northeasterly and northwesterly strikes of the Miller Lake basin."

Jan 1, 1949

By Bob Drew, Goran Vukovic, Bojan Zivanovic, Klaus Gamweger

Reaction bath temperature is a major factor in processing liquid metals and in many applications where a balance between process duration and temperature has to be found to run a procedure efficiently. Also extremes of temperature can decrease the output of a process if too cold or even make it impossible, conversely overheating can be detrimental to both the product and furnace integrity. With the help of the new online temperature measurement system very accurate monitoring of the process is possible in contrast to the current routine practice where the temperature is measured periodically with dip thermocouples. The system works with a digital, fiber optic pyrometer, which is embedded in a refractory housing. Installation in the lining is possible below liquid level as nitrogen is blown to keep the system open and to ensure continuous sight from the optical head of the pyrometer to the molten metal through the tuyere. This permanent temperature measurement gives optimal process control with the potential of taking appropriate actions at an early stage enabling proactive process control. Therefore energy savings and even process endpoint detections can be realized.

Jan 1, 2015

By G. W. H. Norman

The surficial Archæan rocks of the southern gold belt of western Quebec are constricted near Kewagama lake by granite masses to the north and south. This divides the belt into natural eastern and western parts. This paper deals with the eastern part, extending from Malanie to Haig township. In this section the Keewatin-Timiskaming rocks have a length of about 70 miles and end abruptly against garnetiferous gneisses of the Grenville terrain. In the western half of the section where exploration has been under way since the early twenties, there are sixteen mines that are or have been in operation, and eleven prospective mines. In the eastern half where exploration has been carried on since the early thirties, six prospective gold mines are under development, one· of which, Louvicourt Goldfields, is at the initial production stage. Of the sixteen properties in the western half that are operating or have operated, all, except the Golden Manitou, which is a base metal mine, and the old Green Stabell from which there was a small production of copper, produce gold. Of the eleven prospective mines in the western half nine have gold. New Bidlamaque has gold and copper and one, East Sullivan, has copper-zinc ore. Since production began in 1927 gold, silver, zinc, copper, and lead having a total value of about $10,000,000 have been produced from the mines of the eastern section of the southern gold belt of western Quebec.

Jan 1, 1954

By Robert B. Parsons

"As the 1981 annual reports of Canadian mining companies one by one see the light of day, it becomes clear that softer metal prices and rising costs are the main problems which beset the industry today. These problems are certainly not lightened by that familiar monster lurking in the shadows-taxation! Recent taxation trends in Canada, and the existing tax regimes for the mining industry, continue to be a major bugaboo.This examination by ""Tax Notes"" of the impact of current taxation trends on the mining industry is based on a speech delivered recently by Robert D. Brown, senior tax partner of Price Waterhouse, Canada, to the annual meeting of the American Institute of Mining, Metallurgical and Petroleum Engineers in Dallas.IntroductionThe purpose of this paper is to tell a story-and it is a story with a moral. The first thing to recognize is that, with depressed metal prices and weakening western economies, high taxes, in and of themselves, are not really the cause of the Canadian mining industry's present doldrums. However, the character and level of mining taxes in Canada has had a profound influence on the development of the industry over the past decade, and the expectations of what the future holds for mining men in Canada will equally play an important role in the future development of the Canadian industry. Our tax system has, in the past, served as a negative and destabilizing influence in the mining industry: it has contributed to a major short-fall in investment commitments and hence in the contribution which the mining industry can make to the Canadian economy, and the adverse effect on the industry of previous high marginal tax rates was made far worse by the confusing, contradictory and perverse nature of the tax system itself."

Jan 1, 1982

By A. Yoshida, H. Miura, S. Yamaguchi, Y. Oyama

A discussion is given on the ionic equilibria and precipitation reactions in seawater based on thermodynamic analysis, in order to understand the solubility of nutrient salts from dephosphorization slag for marine phytoplankton. Solubility of constituent ions in aqueous solution in equilibrium with solid phases are determined using thermodynamic data. It is proposed that CO2 potential defined as log Pco2 should be considered as an additional parameter to the Eh- pH diagram for the ionic equilibrium of slag components in seawater, since magnesium and calcium carbonate precipitation reactions determine the solubility of ligand ions in nutrient salts, such as phosphates, silicate, and sulfate.

Jan 1, 2004

By Guocheng Pan

Geostatistics has been widely accepted as a standard tool for reserve estimation and mine planning. Kriging has been adopted as the best estimator of grade. Although many discussions have been conducted in the use of kriging in the mining industry, insufficient attention has been given to solutions for over-smoothing. This effect has been frequently encountered in many mines. The so-called over-smearing refers to two facts: (1) over-reduction of grade variabilities and (2) over-estimation of low-grade ore tonnages. This study attempts to link over-smoothing effects with several other practical aspects in kriging. These include the weight independence of data values, variogram modeling, and search strategy used in estimation. All solutions recommended here are suited for precious metal deposits (e.g. gold) in open-pit mining.

Jan 1, 1995

By Mahmoud Shakeri1

Various types of thin-walled structures have been frequently used as energy absorbers to mitigate the adverse effects of impact and hence protect the vehicle structure under consideration when subjected to different loading conditions. Compression tubular structures that buckle in a progressive manner, can be used to advantage, providing inexpensive and versatile, but nevertheless weight and stroke efficient energy absorbers. In this paper quasi-static nonlinear finite element simulations are performed to study the effects of number of corners of the cross-section, wall thickness, plastic hardening rate of material, foam-filler and load angle on deformation mode and mean crushing force of tube. Crush strength increases as the number of corners of the cross-section increases, though it almost saturates for the number of corners beyond 11. Higher plastic hardening rate stabilizes the collapse pattern. Foam-filled tubes seem to have higher critical load angles in oblique loading and display a more stable and gradual decrease in mean load over the transition region. Substantial decrease in the initial peak load and dynamic load at any a given deflection was observed as the load angle increases. The investigation of bitubal arrangements and Multi-cell tubes reveals that these may be preferable to monotubal specimens due to the presence of the inner profiles. In addition, a comparison is conducted between the numerical and experimental results of the mean forces of some special angle elements. Good agreement is obtained.

Oct 1, 2011

Ion Exchange is finding a greater role in copper processing, and hydrometallurgy in general, both as a technique for removing impurities and as a means of adding value through the recovery of secondary metals. Both the gold and uranium industries use resin adsorption as a primary production technique. While hydrometallurgical processes predominantly rely on solvent extraction as the mainstay of copper recovery there are a number of projects, in particular polymetallic deposits, which are considering the use of resin recovery as an alternative or supplemental production technique. A number of applications have been developed and proven at commercial scale for the removal/control of impurities (iron, antimony and bismuth) from copper electrolytes. These are well documented ion exchange applications. Increasing metal values and scarcity of certain metals are focusing companies to look at secondary metals recovery rather than losing these often highly valuable metals to tails residues. Bleed streams are being seen as valuable opportunities to recover contained metals; iron, copper, nickel, cobalt, bismuth, antimony and rhenium are all metals being targeted for removal or recovery from process solutions, electrolytes and bleed streams. An overview of currently applied techniques as well as some developmental technologies for impurity removal and secondary metals recovery is presented to provide insight into the advantages and flexibility of ion exchange applications in metals processing.

Jan 1, 2007

By Barbara A. Filas

The IFC goal is to promote private sector investment in developing countries which will reduce poverty and improve people?s lives. The developing country goal is to promote health, education and employment opportunities that improve their economies and their standard of living. The mining company goal is to Promote successful ?triple bottom line? mining projects that will grow shareholder equity

May 1, 2002

"INTRODUCTION Secondary mine ventilation has been hamstrung by the availability of fans that satisfy many competing operational factors. The sometimes legislated requirement of adequate volume to the working face, the minimisation of excavation required to fit the selected secondary fan and the power requirements of various operational phases has, in the past, not been satisfied with just one system. The new system being introduced overcomes all these competing requirements in one simple unit with an added bonus of being very durable without loss of performance when wear occurs on the impeller. Existing Operational Situation Several studies (e.g., CIPEC, 2005; LCG Energy Management Group, 2009) have found that between 42% and 49% of mining energy costs are associated with mine ventilation, depending on the type of mine and the equipment used. If we then look at the general breakdown of installed power of the secondary fan to primary vent fans, the ratio is around 2:1. Thus the total energy costs of the secondary ventilation represents about 25% of the overall mining energy costs. It is of interest to note that the cost of running a typical two stage axial vs the cost of purchasing and general maintenance cost of the same fan over a 10 year period, the breakdown will be conservatively in the order of 40:1.The currently available secondary ventilation axial fan have one duty curve at any given time. Generally this can be changed manually within the motor power parameters but requires a minor outage and removal of the fan to do the pitch adjustments. As the bag vent ducts grow longer, the supplied air reduces to a point where inadequate air is supplied to the working face. This is exacerbated by underground equipment putting additional resistance in the heading and further reducing the supplied air at the working face. This shortfall is normally corrected by the installation of an additional fan in the system to overcome losses in the bag system but comes at a cost of production as the heading needs to be shutdown to install the second fan. This also means that the heading is supplied with excessive air on the shorter runs with a wastage of fan power."

Jan 1, 2019