Search Documents

By Scott Hommema

? Bitumen in the oil sand averages Bitumen 12 wt%; water makes up 4 wt% ? Imperial Oil (operator) and ExxonMobil developing Kearl Leases #6, 36, 87 (~200 sq. km) ? Target resource > 4 Billion Barrels ? 3 Phase development, ~100 kbd per phase High-quality resource ? Surface mineable bitumen ? Average properties (full lease) ? TV:BIP < 8 ? Grade > 12 wt% bitumen ? Ore thickness of 40 m ? Overburden thickness of 20 m Status ? Phase 1 ? Front end engineering and design underway ? Detailed engineering to start 2008

May 1, 2008

By H. P. Jacobi

"INTRODUCTIONPine Point Mines, operated by Cominco Ltd., is located approximately 65 miles east of Hay River, N.W.T. on the south shore of Great Slave Lake.The milling operation started in the fall of 1965 with a capacity of 5,000 tpd. An addition was put into operation late in 1968 to bring the nominal capacity up to 8,000 tpd. The present milling rate is 11,000 tpd.With a feed grade of approximately 2.9% Pb and 6.0% Zn the annual concentrate production amounts to roughly 130,000 SDT of lead concentrate and 370,000 SDT of zinc concentrate for a total of 1/2 million tons of product.This tonnage is moved by railroad. Pine Point is served by the Great Slave Lake Division (G.S.L.) of the Canadian National Railways which connects to the Northern Alberta Railway System (N.A.R.) at Roma Junction, at Peace River, Alberta. The system in turn connects to the CNR and the CPR in Edmonton, Alberta. From here the concentrates move inland chiefly to Trail, B.C., with some shipment to other Canadian and U.S. smelters, and to the port facilities of Pacific Coast Terminals at New Westminster, B.C. for offshore export.This paper will focus on the problems associated with the movement of lead and zinc concentrates from Pine Point to port facilities on the west coast."

Jan 1, 1975

By Stuart McTavish

"Noranda's Goldstream mine is a 1,500 ton per day copper-zinc mine located 60 miles north of Revelstoke, B.C.The orebody which contains 3.69% Cu and 2.69% Zn was discovered in 1972. Construction of the mine and mill was completed in 1982 and start up was achieved in May 1983.This paper will describe the flowsheet and related equipment 1n the crusher and mill, in particular the dewatering section where two Larox pressure filters are used to dry the concentrates.INTRODUCTIONThe Goldstrean property is located 60 miles north of Revelstoke, B.C. in the Goldstream River Valley (Figure #1). It was discovered during the construction of a logging road in 1972. Exploratory drilling was initiated in 1975, and in 1976 a portal was collared to obtain underground data. Samples were taken from the underground workings for metallurgical bench tests and a pilot plant run.Due to economic conditions, the decision to go into production was delayed until 1980. Concentrator construction and underground development progressed simultaneously during 1981 and 1982, and were completed by the end of 1982. Start up of the concentrator was achieved on May 2, 1983.The ore typically contains about 40% sulphides, which are chalcopyrite 10%, sphaletite 6%, pyrrhotite 20%, and pyrite less than 5%. The sulphide minerals have a high degree of intergrowth. Most of the sphalerite occurs in micron sized grains which are embedded in the pyrrhotite and, to a lesser degree in the chalcopyrite. There is also some fine dissemination of the chalcopyrite in the pyrrhotite. The waste rock is made up of about 30% quartz, 20% guange silicates, and 10% carbonates. The ore has a specific gravity of 3.2 and a natural pH of 8.2."

Jan 1, 1985

By J. A. McCamley

Gypsum scrap generated from wallboard manufacturing, construction and deconstruction activities in North America, Europe and Japan is a recognized environmental problem. Landfill disposal of this gypsum scrap is problematic, with deposits often creating hydrogen sulphide emissions and metallic sulphide groundwater leachates. Of these regions, Europe is the most advanced in dealing with the issue having enacted legislation, which will come into effect in July 2005 that will strongly encourage gypsum recycling throughout the EU. An estimated 10% to 17% of all gypsum used in the wallboard industry becomes recyclable scrap, which represents approximately 1% of the total waste stream in North America. In the United States, 2.5 to 4.5 Mt of gypsum scrap is generated each year; the volume is similar in Europe (the percentage of total tonnage is less because of the higher use of brick and concrete). The Greater Vancouver region of British Columbia has banned gypsum from its landfills, and as a result, all gypsum scrap is now recycled. New West Gypsum Recycling, a Canadian firm, uses its proprietary technology to process large quantities of gypsum scrap that is reincorporated into new wallboard, at percentages ranging up to 25%. The operation of New West Gypsum Recycling Inc. of Langley, Vancouver is examined as a case study and recommendations are provided as to how other urban regions can implement similar gypsum scrap recycling programs.

Jan 1, 2004

By G. P. Holmes

"IntroductionThe copper-molybdenum property of Brenda Mines Ltd. is located 18 miles north west of Peachland in the Okanagan Valley of the Southern Central interior of British Columbia. The actual site is 50 miles north of the international boundary and 150 air miles east of Vancouver at an elevation of 5000 feet above sea level. The earliest written mention of the prospect is found in the Geological Survey of Canada, Memoir No. 243, issued in 1947 by Dr. H.M.A. Rice. In 1954 the area was staked by a prospector, Bob Bechtel, who interested Bern Brynelsen of Noranda Exploration in examining the claims. A joint Noranda - Kennecott program resulted but since the grades were so low the property was not taken up until in 1964 a re-examination by Chapman, Wood and Griswold produced recommendations leading to the construction of the Brenda Mine as it is today.The rounded, timber covered mountains of the area are composed of the tuffs, argillites and limestones of the Upper Triassic Nicola Group, which is intruded by a Jurassic quartz diorite, called the Brenda stock0 The actual orebody occurs in a strongly fractured zone within the Brenda stock, approximately 1500 feet from the contact with the Nicola group0 The ore minerals, .chalcopyrite and molybdenite, associated with pyrite and magnetite of lesser importance, occur as fillings within the fractures 0 The grade of the ore decreases outwards from a central higher grade core and in January 1971 total reserves were estimated at 165 million tons assaying 0,182% Copper and 0,049% Mo."

Jan 1, 1972

By L. C. St. Arnaud

"Open pit mines can produce large disturbances within regional hydrogeologic systems. The degree of disturbance and the consequences on the local environment depend on the size of the pit and on the physical setting of the mine. Comparisons and contrasts are presented for three Noranda base metal open pit mine sites.The Brunswick Mining and Smelting No 6 open pit has a surface area of 11 ha and a depth of 185 m. It is located within complexly deformed schists and meta-volcanic rocks. The massive sulphide and iron formations visible along the north and southwest walls of the pit generate acid drainage. Mining ceased in 1983, and the pit is presently being filled with waste rock and neutralized drainage water. Water balance calculations estimated a total fill up time of sixteen years. As the water level rises, leakage to groundwater could take place across a fault zone intersecting the pit.The Mattabi Mines F-Group pit has a surface area of approximately 3 ha and a depth of 50 m and is also set in meta-volcanic rocks and acid generating iron formations. Production at this site ceased in 1982, and the low pH pit water is neutralized and pumped into a nearby lake at least every five years. Major water inflows are from precipitation and groundwater. Groundwater mounds within adjacent high land surrounding the pit provide a natural hydraulic barrier to groundwater flow, except for the southeast side. As a consequence, the pit water elevation is being kept below the elevation of the nearby creek in which some of the pit water could drain.The Bell Copper open pit covers an area of 40 ha and is 270 m deep. With present ore reserves, the mine might be in operation until 1992. The geology around the pit consists of andesitic tufts, siltstones and shales, and the acid generation potential of the rock is relatively low. A recent hydrogeological study estimated fill up time by precipitation and groundwater to be in the order of 260 years.With increasingly more stringent requirements for mine closure, it is anticipated that more detailed hydrological and hydrogeological studies of open pits will be required to determine post-closure environmental impacts and the suitability of open pits for mine waste disposal."

Jan 1, 1990

"The pressure leaching of alkali-pretreated limonitic laterite ore in nitric acid was studied. The optimal leaching conditions are as follows: leaching temperature of 458 K, initial nitric acid of 2.44 mol/L, leaching time of 60 min, liquid to solid ratio of 2:1 mL/g, agitation speed of 500 RPM. Under the above conditions, the extraction of nickel and cobalt can be achieved as approximate 95% and 80% respectively while that of iron is as lower as 1%. The leaching residue containing 70% of iron in the form of hematite and trace amount of chromium is suitable as the raw material for iron-making. The nitric acid in the leaching solution can be regenerated and further recycled to leach. INTRODUCTIONIt has been estimated that 60%-70% of the world land-based nickel resources presented in nickel laterites containing 130 million tons of nickel although these only accounted for about 42% of the world nickel production (Sudol, 2005; Luo et al., 2010). The nickel resource of laterite has not yet been fully utilized. Due to the increasing global demand of nickel and the declining global reserves of nickel sulphides, there is an increasing focus on the processing of the huge reserves of laterite ores today. Nickel laterite ores can be simply divided into two types, namely, silicate-rich and limonite. The former can be treated effectively by pyrometallurgical process in which the ferronickel product or nickel/iron sulphide matte is produced (Monhemius, 1987). The limonitic laterite is rich in iron in the form of goethite which is the main nickel-bearing mineral and usually contains cobalt associated with a manganese phase (Chang et al., 2010; Georgiou and Papangelakis, 2004). The limonitic laterite is usually processed by hydrometallurgical methods, such as atmosphere acid leaching (AL) (Xu et al., 2005; McDonald and Whittington, 2008), high pressure acid leaching (HPAL) (Chou et al., 1977; Georgiou and Papangelakis, 1998; Rubisov et al., 2000; Whittington and Muir, 2000) and reductive roasting-ammonia leaching (Caron Process) (Whittington and Muir, 2000; Valix and Cheung, 2002). The AL process can proceed at lower temperature, thus the operation costs may be very low. But two biggest problems associate with the AL process, namely, the slow rates of nickel extraction and potentially the significant amount of impurities such as iron and aluminum in the leaching solutions, which hampers the wide application of the AL process. The Caron Process uses the pyrometallurgical and hydrometallurgical methods together to obtain the metallic values, but the overall metal recovery is relatively low, especially for cobalt. In recent years, the environment-friendly process of HPAL has become increasingly important because it is most suitable for low-grade ores and leads to high extraction of the valuables. However, the HPAL process needs a much higher temperature and pressure (503-533 K, 4-5 MPa) to maintain a relatively fast leaching rates, which results in higher operation costs. Moreover, another serious problem of scale formation in autoclaves occurs in the HPAL process, for example, in Moa Bay, up to 20 cm scale may build up resulting in 5 days descale downtime per month. In addition, the iron residues cannot be utilized for ironmaking due to the presence of high content chromium (Ema and Harada, 1987; Owada and Harada, 1987; Takagi and Furui, 1987)."

Jan 1, 2012

By J. M. Simard, S. Morissette, P. Coursol, P. Mackey

A new, powerful model is presented that focuses on plant logistics and scheduling aspects of the smelting, converting, fire refining and casting operations at the Horne smelter. This plant complex is the largest custom copper smelter in North America. It handles a wide range of feeds and utilizes a number of proprietary continuous and batch technologies that require good scheduling in order to maximize plant capacity and efficiency. The present model was developed by Xstrata Process Support, in collaboration with the Horne smelter, and uses the Arena® software to evaluate the impact of a number of plant variables on the annual copper capacity of the plant. Model development was carried out by Xstrata Process Support, in collaboration with the Horne smelter, through the effective combination of process chemistry knowledge and detailed knowledge of the plant operation (including all material flows and transfers, as well as information such as operating on-line times, plant stoppages and also scheduled and unscheduled maintenance activities). A number of case studies were then examined, including the impact of anode furnace and casting cycle times on annual copper capacity and the impact of a one-crane mode of operation in the converter aisle, which normally operates with two cranes in service. The model predictions were found to match actual plant results very well. The present modelling of plant logistics and the scheduling aspects were found to add important dimensions at the plant with regard to projections of the real-life plant capacity. As demonstrated in the present case, this type of model and application can have a significant impact on optimizing operations at a given plant. This impact is particularly important in the current market environment, where emphasis is on maximizing plant output and lowering costs. These models can help yield the easily obtained gains that are clearly desirable in these times. Xstrata Process Support has developed Arena models for other operations and is available to explore new applications for a win-win situation at other plants, including mines and concentrator operations.

Jan 1, 2009

By M. Kalin

"SUMMARYWaste management in general, and the water treatment of mine and mill effluents, has become an ever increasing burden for mining operations. A reduction in these expenditures would undoubtedly be desirable if this could in fact be achieved within effluent guidelines and monitoring requirements.A brief summary is presented of the research which has as its aim the development of methods which would reduce such costs and lead to solutions for environmentally acceptable close-out conditions for acid generating mine waters. The basic concepts of Ecological Engineering and Biological Polishing are presented, together with an indication of the present state of these research efforts. Details are provided of the progress of various experiments which aim to promote reducing conditions, organic matter production and the establishment of biological filters which remove metals from the water which are then retained within the waste management areas. These conditions should lead to a curtailment of acid drainage and an improvement in effluent quality.A description is provided of the first pilot demonstration using this approach to achieve a walk-away condition for the close-out of a massive sulphide tailings resulting from 10 years of operating a copper/zinc concentrator in Northern Ontario.1.0 INTRODUCTION1.1 Waste management and close-outIt is recognized that the achievement of a cost-effective and competitive mining operation, from the commencement of exploration for ore bodies through to the day-to-day efficient operation of the mine, requires a certain expertise and sophistication. However, the environmental effects of these activities are considered peripheral issues and their importance as an integral part of the planning and development of the mine/mill, is not always appreciated."

Jan 1, 1988

By Bern Klein

Motivation for Improved Energy Efficiency in Mining ? Canada potentially adopting Greenhouse Gas Emissions and Intensity Legislation in 2013 ? BC -Climate Action Plan and Energy Conservation Agreement in 2008 ? BC Energy Plan 2007 -BC Hydro is mandated to save 50% of new load growth ? TSM Initiative -Energy Management, Energy Reporting, Setting Energy Targets, GHG Management BC MOU for Energy Conservation Agreement -MEMPR, MABC, BC Hydro

May 1, 2010

By C. J. Martin, M. P. Hay

"A methodology was developed in the mid-1980’s to predict plant performance from standard laboratory flotation tests. The technique is based on a simple, empirical kinetics model, and is tailored for use by the practical metallurgist.To date the performance of more than 20 flotation plants has been predicted, including copper, lead, zinc, phosphate, pyrite, graphite, cassiterite, platinum, nickel and various slags. The method has successfully been used to predict and size four flotation plants directly from bench-scale laboratory flotation testwork. All have since been commissioned, and have performed as predicted.The technique has now received broad acceptance within the South African mining industry, for example in the last year alone it has been used to drive flowsheet development for at least seven new plants. It is also being used to assist in the optimisation of existing operating plants.The methodology is described in this paper and verification of the methodology is presented using case studies of porphyry, polymetallic and PGM operations.INTRODUCTIONThere is considerable interest these days in the use of modelling to simulate flotation circuits, for process design and plant optimisation purposes. Although these models are proving to be useful tools for plant design and optimisation, their complexity can make them cumbersome – expensive to use and difficult for metallurgists to visualise and mentally absorb, without a background in each specific technique. In “SUPASIM” no attempt is made to measure flotation fundamentals, rather to use empirical relationships between laboratory flotation kinetics and plant performance – relationships that hold up well to validation exercises as will be demonstrated later in this paper. Although not designed to be as comprehensive as other models, “SUPASIM” is easily understood by the operating metallurgist and can be quickly and easily applied."

Jan 1, 2004

By Chen Xia, G. Deschenes, Wan-Tai Yen

"Ammonium thiosulphate is a potential replacement for the cyanide in gold leaching. However, the high reagent consumption hinders its practical applications. In order to reduce the thiosulphate consumption, chemical additives were used. The gold leaching tests were conducted on a sulphide copper-bearing gold ore with 0.3M thiosulphate, 0.03M copper sulphate and 3M ammonium hydroxide solution at 44% solids and pH 10.2. Sulphate, sulphite, amino acid and chelating agents were initially used as additives. It was found that chelating agents (EDTA and NTA) could reduce the thiosulphate consumption from 30 kg/t to 17.8 kg/t with some increase of gold extraction. The improvement from other additives was not significant. Other approaches were also attempted to reduce thiosulphate consumption with some success. The thiosulphate consumption could be reduced to about 17 kg/t by reducing copper sulphate concentration fiom 0.03M to 0.0015M; adding 0.04M of EDTA; replacing copper sulphate with 0.001M of nickel sulphate. The increase of pulp density fkom 44% to 60% solids could reduce the thiosulphate consumption to 17 kg/t as well. Limiting the dissolved oxygen content by sparging nitrogen reduced the thiosulphate consumption further to 10 kg/t. It could be concluded that the regulations of copper and oxygen supply in the lixiviant were the keys to reduce the reagent consumption.INTRODUCTIONCyanidation, as the predominant gold leaching method, has been used in mining industry for more than a century. The low reagent requirement and the high performance are the reasons for its great success. However, cyanidation cannot deal with ores containing large amount of copper, nickel, arsenic and zinc minerals. This type of ore may consume more reagents and result in a poor gold extraction. On the other hand, the carbonaceous materials may preg-rob the gold from pregnant solution and make cyanidation a problem leaching method. Further more, the high toxicity of cyanide represents another challenge to modern gold mines. In the beginning of the year 2000, an environmental disaster caused by an accidental spill in Yugoslavia was broadcasted world-widely (Gurevitch 2000). Gold mine operators are facing higher social pressures and increasing costs on environmental protections. The usage of cyanide in mining industry has been banned in some countries and locations such as Czech Republic, Japan, Turkey, California, Colorado, Wisconsin and Montana States. Thus, a non-cyanide lixiviant is required."

Jan 1, 2002

By F. Dai

Granitic rocks usually exhibit strongly anisotropy due to pre-existing microcracks induced by geologic loadings. The understanding of the rock anisotropy in mechanical properties such as tensile strength is critical to quarrying and stabilization of underground structures. In this paper, Brazilian tests are conducted in combination with MTS material testing machine and split Hopkinson pressure bar (SHPB) system to measure both static and dynamic tensile strength of anisotropic Barre granite. Samples are cored and labeled using the three principle anisotropic directions of Barre granite (BG). These directions are also chosen as the loading directions for the Brazilian discs. For dynamic tests, pulse shaping technique is used to achieve dynamic equilibrium in the samples during the test. Finite Element Method is implemented to formulate equations that relate the failure load to the material tensile strength employing a orthotropic model for Barre granite. For samples in the same orientation group, the tensile strength shows clear loading rate sensitivity. The tensile strengths exhibit clear anisotropy under static loading; while less anisotropy under dynamic loading. The tensile strength anisotropy of Barre granite is interpreted as interactions of the pre-existing microcracks.

May 1, 2009

By G. H. K. Pearse, R. P. Taylor

The Big Whopper, one of only four giant economic rare metal pegmatites worldwide, is set to become a producer of the highly valued lithium mineral petalite (LiAlSi4O10) used in glass, ceramics and the specialty glass-ceramics familiar as Corningware® and the new ceramic stovetops. The deposit has a strike length of 1.5 km, a width of up to 80 m and a resource, open in all directions, of 11.6 Mt, grading 25% petalite. It is amenable to open pit mining and Avalon Ventures Ltd. holds a patent on a flotation process that produces an exceptional quality petalite product. The project will also produce: superb quality Na-feldspar which, too, finds use in glass and ceramics; the unusual Rb- K-feldspar for high voltage porcelain insulators; tantalum, in high demand for electronics; lepidolite, an ore of rubidium; and mica and tin. A positive prefeasibility study has been completed and it remains only to undertake bulk sampling and a full feasibility study.

Jan 1, 2001

By V. I. Lakshmanan

Process Research ORTECH Inc. (PRO), with its in-depth knowledge on cobalt behaviour in nickel matte smelters and its novel mixed chloride hydrometallurgical processing, is developing a hybrid process to enhance cobalt recovery. PRO’s experimental data is compared with plant information on cobalt behaviour in smelters. In final stages of iron rejection in the converters, the thermodynamics of the matte-slag system dictates the undesirable transfer of the cobalt to the final converter slags. This results in much lower cobalt recovery in the product Copper/Nickel matte (<60%) in present copper and nickel smelters. This information is used to transfer cobalt into desired quantity of converter slag. The enriched cobalt slag is subjected to PRO mixed chloride process to recover nickel, and cobalt as high value salts of importance in lithium ion batteries. From a typical converter slag containing 3.5% Ni, 1.5% Co, and 1.0% Cu, PRO leach process extracts 98 % Ni, and 98 % Co, and 99% Cu. Application of this process to enhance cobalt recovery in typical Copper/Nickel smelters is presented. In addition, this will also enhance the Copper and Nickel recovery. Both these aspects are of interest to the Copper, Nickel, and cobalt producers. INTRODUCTION In pyrometallurgical extraction of copper and nickel from sulphide ores cobalt often occurs with copper and nickel. The requirement of cobalt is increasing due to its need in lithium ion cells used in electric vehicles. Therefore its efficient and economical extraction in a form suitable for use in lithium batteries is of great interest at present. In the pyrometallurgical processing of copper and nickel sulphide concentrates the concentrate is smelted to produce a furnace matte, which is then sent for converting to remove the iron to produce iron free (~1% Fe) matte for further processing to copper or nickel matte. The copper/nickel matte is processed for metals recovery by hydrometallurgical or vapo-metallurgical or oxidation – reduction routes to make market products. As shown in Figures 1 and 2 the slags are produced in the smelting step and in the converting steps. The metal losses in smelting are controlled by the oxygen pressure in that step and slag production which is controlled by concentrate grade. The slag produced in the converting step which is carried out at a higher oxygen pressure contains higher level of metals is often returned to the smelting step to increase value metals recovery.

Jan 1, 2019

By Carmen Mihaela Neculita

Sulfate-reducing passive bioreactors efficiently treat acid mine drainage (AMD) by increasing its pH and alkalinity and by removing metals as sulfide precipitates, in addition to hydroxides and carbonates. However, the new mining legislation sets discharge limits based on physicochemical parameters and on the non-toxicity of treated effluent as well. In this study, toxicity was assessed for effluent from 3.5 L column bioreactors filled with mixtures of natural organic carbon sources and operated at two different hydraulic retention times (HRTs) of 7.3 d and 10 d for the treatment of a highly contaminated AMD. Acute toxicity was observed for D. magna, and a toxicity identification evaluation (TIE) procedure was performed to identify potential toxicants. To help the interpretation of the toxicity results, metal partition in the effluent was also determined by filtration and ultrafiltration, while geochemical modeling was performed for metal speciation evaluation. The 10 d HRT effluent was nonacutely lethal for rainbow trout but acutely lethal for D. magna, whereas the 7.3 d HRT effluent was toxic for both organisms. The toxicity to D. magna was eliminated by 2 h of aeration for the 10 d HRT effluent, and the TIE procedure suggested iron as a cause of toxicity. However, the 2 h aeration eliminated the toxicity of the 7.3 d HRT effluent, only if performed after the pH rising to 9.3. Data regarding metal speciation indicated instability of both effluents during aeration and were consistent with the toxicity being caused by iron. The study indicates that design of passive treatment should include sufficient HRT and posttreatment aeration to meet acute toxicity requirements. Keywords: acid mine drainage, sulphate-reducing passive bioreactors, hydraulic retention time, effluent toxicity, metal speciation

Nov 1, 2008

By Marc C. Bétournay

Under the requirement to define the economic advantages of using hydrogen fuelcell vehicles, a broadscoped project was initiated to quantify the costs associated with operating fuelcell vehicles and diesel vehicles. While ventilation savings are clearly an advantage for the former, a complete and detailed analysis of this and other operational and capital cost elements was undertaken in order to provide the mining industry with factual information in considering the changeover from one technology to another. This article outlines the results of the investigations to date defining the costs/benefits associated with: capital purchases, operations (electrical/diesel, mine air heating fuel, ventilation, openings, surface and underground infrastructure, maintenance, labour, etc.), delivery of energy, regulatory obligations, and mine production. Considerations are given to the type and size of a mining operation, the depth, and location in North America. Significant ventilation power, equipment and infrastructure savings are possible with the application of fuelcells for shallower mine applications. At depth, where heat is an issue, there is a reduction in benefit. Specific qualifiers such as minimum air velocities, dust dilution, shaft and heating system velocity limits must be considered on an individual mine basis. While the capital cost for fuelcell mining equipment is currently higher than diesel versions, the high cost of fuelcells is anticipated to be reduced significantly in the near future with the intensification of manufacturing. In either case the operational savings would probably be sufficient to balance the supplementary capitalization costs. A comprehensive cost-benefit report will be issued in the near future.

May 1, 2003

By Júlio C. Lúcio

Consider the case of a mining company with N investment opportunities in projects of different commodities. The problem is: since the company has limitation of capital, equipments, technical staffs, etc, what is the best portfolio of production projects in order to maximize expectations from shareholders? In the no-longer past, the traditional method for the selection of portfolio of projects was the rank-an-cut method. But, this does not properly account for the risk to which the company is exposed. The Markowitz?s Mean-Variance is an advance because the risk of the NPV can be estimated at the level of the company or even division of the corporation. The final product of the Markowitz?s model is the efficient frontier, in which, the manager can clearly understand the maximum return from existing assets and the associated risk level - but this model does not recommend which one is the best portfolio. In this paper we present a model to select the best portfolio considering not only economic indicators, but also requirements of production, constraint in investments, etc. We show that if investors are diversified, managers should select projects with highest return, regardless of risk. However, in practice, if bonuses of managers are tied to their performance, the choice for portfolio with lower return and risk can happen. Numerical application considering typical portfolio of large mining company is used as example.

May 1, 2009

By M. Ounpuu

"Gold, because of low head grade and recovery, is usually of minor importance in the economics of base metal flotation mills. Because of the above little metallurgical attention is usually provided to gold in these mills. But collectively, the gold losses can be significant. For instance, Noranda presently has interest in 13 base metal flotation mills with a collective gold recovery of only 50%. Gold losses are in the order of 150.000 oz per year!The Noranda Technology Centre, in cooperation with Noranda's milling operations, has been investigating the potential of gravity concentration of gold from base metal flotation mills. This paper outlines the pilot and plant testing conducted at three operations with distinctly different ore types; porphyry copper, complex massive sulphide and polymetallic semi-massive sulphide. Testing has been with the Knelson Concentrator which has proven to successfully recover fine gold in a simple, trouble free circuit. Discussion of issues which have risen from the testwork is included. INTRODUCTIONGold, because of low head grade and recovery, is usually of minor importance in the economics of poly-metallic base metal ores. TABLE I presents gold heads and recovery for some of Noranda's base metal mills. It should be noted that the stated recoveries are to payable concentrates, but does not reflect the actual payable gold recovery which in cases is significantly lower. Noranda's average gold recovery into a gold payable concentrates is about 45%. This equates to a collective loss in the order of $57 MM per year of gold"

Jan 1, 1992

By A. Proulx

Durant les années 1955 à 1961, plusieurs campagnes d?exploration ont été menées sur la zone Bond dans la partie sud-ouest de l?anneau nord de la carbonatite d?Oka (propriété de Niocan, figure 1). Les zones minéralisées HWM1 et HWM2 sont découvertes à l?ouest de la propriété. Un des forages, le S-60, avait intercepté 80 mètres de minéralisation à 0.71% Nb2O5 à l?est des zones HWM1 et HWM2 mais aucun autres travaux d?exploration n?avaient été réalisés sur cette interception minéralisée. En 1995, Niocan réalise une campagne de forage pour mieux définir la zone minéralisée recoupée par le forage S-60. En 1997, une seconde campagne de forage détermine un tonnage de 14.37 Mt avec une teneur de 0.66 % Nb2O5 pour la zone S-60 (Marcotte et Gagnon, 1997). Le complexe carbonatitique d&apos;Oka se situe à environ 35 km à l?ouest de Montréal sur la rive nord du lac des Deux-Montagnes. Sa formation remonte au Crétacé précoce (entre 117 à 123 Ma). La carbonatite d?Oka fait partie de la suite d&apos;intrusions alcalines que constituent les collines Montérégiennes. Le complexe a une forme allongée (7.2 km par 2.4 km) orientée NO-SE (figure 1). Il est intrusif dans des roches précambriennes constituées d?anorthosites au nord et de gneiss charnokitique au sud (Gold, 1963) appartenant à la Formation de la colline d?Oka. Les gneiss au contact du complexe sont fénitisés sur une épaisseur qui peut atteindre jusqu?à 60 mètres. Les roches carbonatitiques forment la série dominante du complexe et elles sont composées principalement de calcite (> 50 %) à gros grain et parfois rubanées. Les minéraux accessoires les plus communs sont la biotite, le pyroxène, la monticellite, la magnétite, l?apatite, la forstérite, la mélilite, le pyrochlore, la pérovskite, la niocalite, la pyrite et la pyrrhotite (Gold, 1963).

May 1, 2003