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By Robert J. Shank

This paper describes the Federal Government assistance available for northern mining development. The paper commences with a discussion of why the Federal Government should give assistance to northern mining development. It then uses a hypothetical case of a company which has a property it wants to develop to list the sectors within the . Federal Government that would have to be consulted in order to obtain federal financial assistance. The paper also outlines the type of information a company must be willing to provide the government in order to qualify for such assistance.

Jan 1, 1978

By Barry J. Morash

The over-all slope angle of between 55 and 60 degrees at the Adams Mine necessitates control blasting on the final pit walls. The control blasting techniques used are pre-shearing and buffer blasting. Pre-shearing with 2'I2-inch holes on 5-foot centers is used in areas where jointing and rock type are not conducive to smooth stable walls. Buffer blasting with 12'/4-inch holes is used in areas where the rock is competent. Control blasting adds to the operating costs, but can result in substantial savings in increased slope angle and reduced stripping.

Jan 1, 1978

By A. H. Onur, S. Ural

"The Afsin-Elbistan coal deposit with its 3.4 billion metric tons of reserve is the biggest coal basin and one of the most important resources for electrical energy production in Turkey. The coal deposit is located north of Elbistan, Kahramanmaras Province, in southeast Turkey (Fig. 1).The Kislakoy sub-basin of the Afsin-Elbistan basin was selected as the first open cast mine to feed four power station blocks of 340 MW each. The mine is equipped with six identical bucket wheel excavators of the type Sch Rs (2300/5) 32. The annual coal demand of the power station is 18.5 million metric tons. The Elbistan basin encompasses an area of 900 km2, and its centre lies about 1150 m above mean sea level. The sedimentation took place mainly in the upper Pliocene period. The thickness of the coal bed varies from 20 m to 60 m, respectively. The basal part of the coal beds consists of clay, marl and sandy clay. These formations are overlain by gyttja, which may also occur in the form of calcareous ooze, enveloping coal beds. The thickness of the gyttja is up to 35 m (Otto-Gold, 1969). The coal of Afsin-Elbistan is soft coal and the quality has been found to vary considerably throughout the deposit. The thicknesses of the sterile intercalations vary from 0.50 m to 2.2 m and average 1 m in thickness. From the quality control point of view, the coal seam is regarded as upper seam where the gyttja formation occurs as sterile intercalations, and lower seam where the clay formation occurs instead of the gyttja (Fig. 2). The CaO content of upper Kislakoy coal is very high, grinding resistance is low and base to acid ratio of ash, that is, the ratio of acid oxides of metals to base, is greater than one (Ural and Onur, 2001). Contrary to upper Kislakoy coal, CaO content of lower Kislakoy coal is very low, grinding resistance is high and base:acid ratio of ash is smaller than one. Modified Impact Strength Index (MISI) tests are used to determine the grindability of the Elbistan coals (Ural, 1999)."

Jan 1, 2003

By S. C. Robinson

"IntroductionALTHOUGH most uranium deposits of the Canadian Shield lie along its western and southern margins, those of the Lake Athabasca region extend easterly along the north shore of the lake and beyond to Charlebois lake. The western end of this belt of deposits, in the vicinity of Goldfields, is 80 miles from the Palaeozoic contact, and its eastern end, at Charlebois lake, is 240 miles from the nearest Palaeozoic rocks.Deposits in this belt may be grouped in four districts, which are, from west to east:(1) The Goldfields district, an area approximately 20 miles square, centred on Beaverlodge lake and extending eastward from St. Joseph's point to Moose channel.(2) A small area in the vicinity of Sucker bay, which is about l0 miles east of Fond du Lac.(3) An area including Middle lake to the northwest shore of Black lake at the Nisto mine.(4) A fairly large area extending northward from the eastern end of Black lake, through Charlebois lake to Spreckley lake.HistoryThe region has stimulated interest in mining circles since the reconnaissance survey of J. B. Tyrrell of the Geological Survey of Canada in l893, who reported concentrations of iron along the north shore of lake Athabasca. The deposits were staked and re-staked up to the early 'twenties' but are too lean to form ore."

Jan 1, 1952

By Ian R. Morrison

"Abstract - The Izok Zn-Cu-Pb-Ag volcanogenic massive sulfide deposit is located 265 km south of Kugluktuk (Coppermine), Nunavut Territory, Canada, in the west-central Slave structural province. The Izok deposit is owned 100% by Inmet Mining Corporation and represents one of the largest undeveloped zinc-copper resources in North America. The Izok deposit is hosted within and near the top of a thick sequence of predominantly felsic pyroclastic rocks of late Archean age. The hanging-wall stratigraphy includes additional felsic volcaniclastic rocks, andesitic and basaltic flows, thin sulfide-rich iron formations, and turbiditic sedimentary rocks. The felsic volcanic rocks are intruded by intermediate dikes and sills, followed by gabbroic dikes and sills. Both intrusive suites are interpreted to be volcanic feeders to the overlying flows. All lithologies are subsequently cut by younger, irregular, granitic pegmatite and diabase dikes. The volcanic and sedimentary rocks are regionally metamorphosed to pyroxene hornfels grade. The massive sulfides occur within a large (kilometer-scale) Na-depleted sericitic alteration zone. The immediate footwall and hanging-wall rocks to the deposit are characterized by zones of muscovite- biotite-sillimanite, lesser chlorite-biotite-cordierite, and locally intense silicification and sodium metasomatism. All lithologies have been affected by younger Ca-metasomatism. As currently defined, the Izok deposit comprises a cluster of five complexly zoned composite lenses: the Northwest, North, Central West, Central East, and Inukshuk lenses. The first four lenses are amenable to open-pit mining, whereas the Inukshuk lens will require underground development. The total indicated mineral resource presently stands at 16.5 million tonnes with a grade of 2.2% Cu, 11.4% Zn, 1.1% Pb, and 60 g/t Ag. Inmet Mining Corporation is presently reviewing the economic feasibility of developing the property."

Jan 1, 2004

By Robert L. Tremblay

Dans le but de voir si une région comme la Gaspésie, qui a subi la derniere glaciation , se prête avantageusement à la méthode de prospection alluvionnaire, environ 800 concentrés de minéraux lourds furent prélevés dans les districts électoraux de Matane et de Gaspé-Nord. Les différentes phases minérales présentes dans les concentrés ont été examinées à la loupe binoculaire. Afin de mieux valoriser ce type d'inforrnat ion, nous avons été arnenés à expérimenter et à mettre en oeuvre des techniques multivariables adaptées au traltement d'une information semi-quantitative en utilisant le principe d'un codage logique préalable. La structuration des résultats de la Gaspésie a conduit à l'élaboration de cartes de synthèse qui constituent un support nécessaire à l'interprétatlon des répartitions plus ponctuelles des minéraux "utiles" sur le plan de la recherche minière.

Jan 1, 1978

By P. Clinton Milne

Uranium mines in Washington State include the producing Midnite and Sherwood mines and several mined-out deposits, the most productive of which was the Daybreak mine. The Midnite mine is generally classified as a hydrothermal deposit consisting of tabular orebodies in Precambrian pelitic and calcareous metasedimentary host rocks. The host rocks occur as roof pendants in a Cretaceous porphyritic quartz monzonite intrusive; the quartz monzonite averages 12 ppm U308 The uranium deposit appears to have undergone a complex genesis, involving a series of depositional and enrichment stages. The Sherwood uranium deposit, approximately 4 miles south of the Midnite mine, occurs near the bottom of a basal Late Cretaceous to Paleocene arkosic conglomerate. The conglomerate lies nonconformably on the porphyritic quartz monzonite that is associated with the Midnite deposit. The Sherwood and Midnite uranium deposits may have had a similar genetic history linked by a common uraniferous pluton source, ground-water action, and/or leaching of uranium-rich ash flows from now-eroded, overlying, Eocene volcanics. The Daybreak deposit, in northeastern Spokane County, consists entirely of secondary uranium mineralization (metaautunite) in a quartz monzonite pluton. Mineralization is confined to a low-angle fault zone and is most highly concentrated at the intersection of primary and secondary shears. Both hydrothermal and ground-water origins are feasible. Besides the Midnite-Sherwood area, 14 other areas in the western Okanogan Highlands physiographic province and Cascades region have favourable characteristics for uranium potential. Criteria include the existence of uranium occurrences, Tertiary basin sediments with intercalated volcanic and volcaniclastic rocks, favourable geochemical data, alkaline plutons associated with uranium occurrences or borders of Tertiary basins, and structural controls.

Jan 1, 1979

By C. Blawert

In previous studies of various HPDC magnesium alloys we found that the corrosion properties of the skin are inferior in comparison to the bulk, However, this is surprising as one would expect better corrosion properties for the finer microstructure of the skin, In a more detailed study using 2 and 6 mm thick sections from HPDC AZ91 step plates, the corrosion results of the original skin, the slightly removed skin and the bulk were compared, Indeed, the corrosion measurements including potentiodynamic polarization, long term polarization resistance measurements and electrochemical impedance spectroscopy (EIS) revealed a lower corrosion resistance of the original as-cast skin. An explanation for this corrosion behavior was found, on the one hand, in the microstructure concerning especially the amount and distribution of the 13-phase and, on the other hand, in the composition, including the distribution of the most important alloying element Al and of some impurities such as Fe.

Jan 1, 2005

By J. W. Spyker, D. H. Filson, W. H. W. Husband

"Large deposits of sodium sulphate exist in southern Saskatchewan in the brines or muddy crystal beds of alkali Jakes. Currently, more than 300,000 tons per year of sodium sulphate are produced from these lakes and sold as salt cake to the paper industry. Most of the production is obtained from the brines of a limited number of Jakes.The Saskatchewan Research Council was requested to develop a process for recovering sodium sulphate from the muddy crystal beds so that this type of deposit could be exploited in the future. A flowsheet was developed with the aid of phase diagram data and the process was studied on a pilot-plant scale using raw material from three different lakes. Satisfactory yields and product purities were obtained in all cases, and an economic analysis indicated that a 100,000-ton-per-year sodium sulphate plant could produce salt cake at a cost of $12.26 per ton for a rate of return upon investment of 16 per cent at current market prices."

Jan 1, 1966

By D. -A Tremblay

Dynamic wetting spread factors and interfacial heat transfer coefficients were determined for aluminum droplets solidifying on copper substrates, The spread factors were determined from the droplet geometries while the heat transfer coefficients were obtained by solving inverse heat conduction problems, 1-D and 2-D heat transfer models are presented and the results they provided are compared, For the latter, a sensitivity analysis was also performed to determine the influence of thermophysical properties and boundary conditions. Experiments were alternatively carried out with three different gaseous atmospheres and the dynamic wetting spread factors were correlated to the interfacial heat transfer coefficients.

Jan 1, 2005

By T. H. Janes

"IntroductionSULPHUR is a constituent of many industrial products. It is part •of almost anything we eat, wear, or use. In fact, sulphur is so important that there has been an increasing tendency in recent years to measure industrial growth in terms of sulphur consumption.The uncertainty of obtaining adequate supplies •of elemental sulphur from the Frasch-mined domes. of Texas and Louisiana in the United States led all countries in 1950 to seek alternative sources of supply of this necessary element.Canadian industry has been supplied, for many years, with most of its sulphur requirements by United States Frasch-mined sulphur. World demand for this sulphur has necessitated the imposition of controls on its distribution, as production has not kept pace with demand. Until the third quarter of 1950, Canadian manufacturers of pulp and paper, heavy chemicals, explosives, and textiles •experienced little difficulty in obtaining their needs of elemental sulphur from the United States. However, at that time, low producers' stocks and declining reserves threatened to reduce shipments from producers, with the prospect of a continuing shortage for some time. These conditions, together with higher prices, stimulated the search for alternative sources of supply in Canada."

Jan 1, 1952

By C. A. Jeffrey, K. Pearson

Abstract - The Croft diorite in central England belongs to a suite of Caledonian igneous rocks collectively known as the South Leicestershire diorite complex. Although the intrusions occupy separate outcrops, they are linked at depth to form a single pluton, buried beneath a cover of Triassic sediments (Le Bas, 1972; 1982, Allsop and Arthur, 1983). Both the Caledonian diorites and the overlying sub-Triassic unconformity have been affected by a complex history of alteration and mineralization which can be subdivided into four stages: (1) deuteric effects, caused by the release of volatiles during magmatic cooling; (2) albitization through sodic enrichment; (3) formation of lowtemperature laumontite, analcime and calcite veins with associated wall-rock alteration to prehnite and pumpellyite; and (4) sub-Triassic unconformity-hosted base metal, manganese and palygorskite mineralization. Zeolite mineralization occured some 200 Ma later than the intrusion itself, during post-Triassic times, as indicated by the presence of a single vein of laumontite and microcrystalline calcite which cross-cuts the sub-Triassic unconformity surface and enters the overlying Triassic sediments. Evidence from fluid inclusion work indicates that two fluids were involved in the deposition of the zeolite veins. One fluid was initially of relatively high temperature (~100°C to 320°C) and low salinity (~0.2 to 5.9 wt% NaCl equiv.), and was probably meteoric in origin, whereas the other was of relatively low temperature (~41°C to 165°C) and high salinity (~0.4 to 16.72 wt% NaCl equiv.), and is interpreted to represent a basinal brine. During Triassic rifting, thinning and fracturing of the crust, with the possible rise of associated magmas (Halliday and Mitchell, 1984), could have increased permeability and heat flow, initiating the circulation of hydrothermal fluids. Triassic unconformity-hosted base-metal mineralization in Central England is similar to other Triassic-Jurassic mineralization in Europe (Mitchell and Halliday, 1976).

Jan 1, 1997

By C. A. Jeffrey, K. Pearson

The Croft diorite in central England belongs to a suite of Caledonian igneous rocks collectively known as the South Leicestershire diorite complex. Although the intrusions occupy separate outcrops, they are linked at depth to form a single pluton, buried beneath a cover of Triassic sediments (Le Bas, 1972; 1982, Allsop and Arthur, 1983). Both the Caledonian diorites and the over-lying sub-Triassic unconformity have been affected by a complex history of alteration and mineralization which can be subdivided into four stages: (1) deuteric effects, caused by the release ofvolatiles during magmatic cooling; (2) albitization through sodic enrichment; (3) formation of low-temperature laumontite, analcime and calcite veins with associated wall-rock alteration to prehniteand pumpellyite; and (4) sub-Triassic unconformity-hosted base metal, manganese and palygorskite mineralization. Zeolite mineralization occured some 200 Ma later than the intrusion itself, duringpost-Triassic times, as indicated by the presence of a single vein of laumontite and microcrystallinecalcite which cross-cuts the sub-Triassic unconformity surface and enters the overlying Triassic sediments. Evidence from ?uid inclusion work indicates that two ?uids were involved in the deposition of the zeolite veins. One ?uid was initially of relatively high temperature (~100°C to 320°C) and lowsalinity (~0.2 to 5.9 wt% NaCl equiv.), and was probably meteoric in origin, whereas the other wasof relatively low temperature (~41°C to 165°C) and high salinity (~0.4 to 16.72 wt% NaCl equiv.),and is interpreted to represent a basinal brine. During Triassic rifting, thinning and fracturing of the crust, with the possible rise of associated magmas (Halliday and Mitchell, 1984), could have increased permeability and heat ?ow, initiating the circulation of hydrothermal ?uids. Triassic unconformity-hosted base-metal mineralization in Central England is similar to other Triassic-Juras-sic mineralization in Europe (Mitchell and Halliday, 1976).

Jan 1, 1997

By J. J. Baz-Dresch

"The Cannon Mine, a joint venture between Asamera Minerals (the operator) and Breakwater Resources, is located in the centre of Washington state at the eastern base of the Cascade Mountains. The mine complex is located three blocks south of the city limits of Wenatchee, part of an urban area with a total population of 47 000. The closest residence is 350 feet from the mine portal.The B-Neath zone is a narrow, high-grade, downward extension of the southern tail of the mine's main ore body, the B-North zone. It also underlies the northernmost portion of the B-West zone (Fig . I) . The ore is usually reasonably competent but completely surrounded by very weak rock consisting of shear zone and unsilicified sandstones and siltstones.The zone has maximum dimensions of 420 ft in thickness, 500 ft in length , and 200 ft in width . The economic reserves extend from the 70-ft elevation (elevation above sea level) to the 630-ft elevation and consist of about 1.3 million tons of geologic reserves (proven and probable) at an average grade of 0.33 ounces per ton.Acquisition and ExplorationInitial DiscoveryThe initial discovery of the B-Neath zone was made by Tenneco Minerals during July through September, 1984. Their 22-hole surface drilling program consisted of 18 200 ft of drilling. Tenneco Minerals had acquired the 91/2 acre lease from United Mining Corporation.Asamera Minerals subsequently purchased Tenneco's lease in July, 1985; Tenneco retained a royalty position which was later purchased by Echo Bay Mining.Follow-up drilling by Asamera Minerals consisted of both surface and underground drilling. Eight surface holes (7200 ft) were drilled commencing in December, 1985. Following evaluation of the geologic data, an access drift was driven on strike along the top of the ore zone on the 500 level. Diamond drilling from this platform consisted of 17 200 ft in 79 holes."

Jan 1, 1990

By J. R. Parga T., P. J. Valenzuela G., L. S. Quiroz C., P. Guerrero G., J. L. Valenzuela G.

"Pressure oxidation is a hydrometallurgical pre-treatment process used for refractory auriferous sulfide ores. In the work reported here, a refractory pyrite ore sample from the Mulatos mine, Sonora, Mexico was characterized. The sample was subjected to atmospheric cyanidation, and simultaneous pressure oxidation and cyanidation under different conditions of temperature and pressure. The mineral characterization showed that pyrite is the main species in the sample. The gold extraction tests were carried out in an 1-litre Parr pressure vessel at a temperature range of 90-120 °C, a pressure range of 87.5–150 psi (using oxygen), and a cyanide concentration range of 0.8-1.2 %wt. The gold extraction results showed that diffusion through product layer is the rate controlling step.INTRODUCTIONIn hydrometallurgical precious metals extraction, the most commonly used process is sodium cyanide leaching, as shown in the next reactions involving gold and silver (Fleming, 1992; Marsden & House, 2006):4Au(s) + 8CN- (aq) + 2H2O(l) + O2(g) ? 4Au(CN)2 -(aq) + 4OH- (aq) (1)4Ag(s) + 8CN- (aq) + 2H2O(l) + O2(g) ? 4Ag(CN)2 (aq) + 4OH- (aq) (2)“Refractory” auriferous ores or concentrates often contain gold and silver locked inside other sulfide phases such as pyrite. This renders cyanidation ineffective, so oxidative pre-treatments are used in order to convert the sulfide minerals into porous oxide minerals and make cyanidation work more efficiently. Reaction (3) shows the oxidation of pyrite in alkaline media and the formation of the porous oxide (Koslides & Ciminelli, 1992):2FeS2 (s) + 15/2 O2 (g) + 8H- (aq) ? Fe2O3 (s) + 4SO4 2- (aq) +4H2O(l) (3)A process of simultaneous chemical pressure oxidation and cyanide leaching for a flotation concentrate produced in the mine of Bacís, Durango, in Mexico, gave good results (Parga et al., 2007). In the study presented here, it was intended to use this treatment for a refractory pyrite mineral from the Mulatos mine in Sahuaripa, Sonora, Mexico, modifying variables such as pressure, temperature and cyanide concentration to find the best conditions for oxidation and leaching."

Jan 1, 2012

By R. D. Brown

The first step in achieving a rationalization of Canada's crazy patch-work quilt of mining taxes and policies was achieved with the release last November of a major federal-provincial report on the taxation of the Canadian mining industry. The Report, prepared by a group of federal and provincial civil servants, sets out a concise and informative discussion of the major taxation and incentive issues facing the mining industry, and puts forward major recommendations for more rational and moderate taxation policies. It will be considered by federal and provincial Finance and Resource Ministers for possible action by the respective governments. The Report was prepared in response to a directive from the federal and provincial First Ministers in February 1978 to review the federal and provincial taxation of the resource areas. Although the Report is more successful in identifying problems rather than concrete solutions, and reflects some continuing differences of opinion between the governments involved, it does represent an important first step in a comprehensive review of our resource tax policies. This article summarizes the Report, which is some sixty pages in length. Although a detailed discussion of it is beyond the scope of this article, the report itself is recommended reading for those concerned about the current state of the Canadian mining industry.

Jan 1, 1979

By R. N. Chakravorty

Early detection of spontaneous combustion is of utmost importance in underground coal mining to prevent major disruptions of production and to ensure a safer working environment. This paper presents the work done in developing a suitable system for the early detection of heating in a hydraulic coal mine. Laboratory studies on the products of oxidation for Balmer 10 seam coal showed that a significant amount of carbon monoxide is produced during the early stages of heating and that detection methods based on the analysis of other gases, such as hydrogen, ethane or ethylene, are not a better alternative for this coal. The four-point carbon monoxide monitoring system recently installed at the hydraulic mine is discussed in this paper. It is believed that by studying the trend of carbon monoxide concentration in the mine air, it will be possible to detect heating at an early stage. Field tests carried out so far have indicated that infra-red technology will prove to be a powerful tool in the hydraulic mine, particularly for locating hidden oxidation or fire in cracks, fissures, underground workings and coal outcrop areas before it spreads extensively. The project is jointly sponsored by EMR, CANMET, Mining Research Laboratories and Kaiser Resources Ltd.

Jan 1, 1978

ABSTRACT This paper details the work of RISKGATE, the largest Australian Coal Association Research Program (ACARP) occupational health and safety initiative to date. The program is an interactive online risk management system developed to maximize health and safety performance in the coal mining industry by implementing continuous improvement in managing major unwanted events. The comprehensive knowledge base covers tires, collisions, fires, isolation, strata control underground, ground control open cut, explosions, explosives, manual tasks, and slips/trips/falls. All major Australian coal mining companies contributed topic experts to this broad industry initiative: nine coal mining companies, more than 80 experts, and more than 400 days of individual time for knowledge-capture workshops.

Jan 1, 2014

By A. Takala, H. Cline, D. Girard

"This article describes the project development and successful implementation of a particle sorter at the Kensington mine. The Kensington underground gold mine and associated milling facilities are located within the Berners Bay Mining District on the east side of Lynn Canal about 45 miles north-northwest of Juneau, Alaska. The paper describes the project from concept, through the development phase, including test work confirming feasibility, to a discussion of operational data and includes shared experiences from operation and maintenance. The project has proven successful in recovering gold that was previously lost to the waste dump and has already resulted in a positive return on investment. The payback was achieved in less than one year.INTRODUCTION The first paragraphs of this paper describe Coeur Mining and the Kensington Mine, its history, geology, mining operation and mill. The second part of this paper gives a quick introduction to sensor-based sorting in general and X-ray transmission sorting (XRT) in particular. This article does not cover costs or economic impacts apart from the pay-back period for the investment at Kensington. Interested readers find more in information on this in the literature (Kleine & Wotruba, 2010; Robben, 2013). Since the publication about XRT sorting at TGME in Pilgrim’s Rest (Kleine, Riedel, Ketelhodt, & Murray, 2010), this is the first time that a comprehensive data set on gold ore sorting using XRT is published. Following chapters highlight the aim of the project for Coeur Kensington, project development through testing and operation before concluding. ABOUT COEUR MINING’S KENSINGTON OPERATION Coeur Mining is the largest U.S.-based silver producer and a significant gold producer with five precious metals mines in the Americas employing approximately 2,100 people. Coeur produces from its wholly owned operations: the Palmarejo silver-gold mine in Mexico, the San Bartolomé silver mine in Bolivia, the Rochester silver-gold mine in Nevada, the Kensington gold mine in Alaska, and the Wharf gold mine in South Dakota. The Company also has a non-operating interest in the Endeavor mine in Australia in addition to royalties on the Cerro Bayo mine in Chile, the El Gallo complex in Mexico, the Zaruma mine in Ecuador, and the Correnso mine in New Zealand. In addition, the Company has two silver-gold feasibility stage projects—the La Preciosa project in Mexico and the Joaquin project in Argentina. The Company also conducts ongoing exploration activities in Alaska, Argentina, Bolivia, Mexico, and Nevada. The Company owns strategic investment positions in several silver and gold development companies with projects in North and South America."

Jan 1, 2017

By P. D. Waters

"Mineral deposits are where you find them; they have no allegiance to territorial boundaries. Over the past decade much of the new investment in mining has been outside of continental North America, let alone Canada. The larger Canadian Banks have pursued this offshore business through their multi-national organizations; this reflects both the increasingly international orientation of today's business environment, and to a degree, the competitive advantage of these offshore developments.The current oversupply situation in mineral markets and the increasing maturity of the Developed World Economy reduces the need for new mining projects relative to growth' in GNP. Those that are brought on stream in the future due to their competitive advantage, will continue to be pursued by lenders and equity investors alike. IntroductionProspects facing those who search for mineral wealth were described rather well more than 200 years ago by a Scottish professor of moral philosophy, who also happens to be the father of modern economics.In search for new mines, Adam Smith wrote in The Wealth of Nations, ""there seems to be no certain limits either to the possible success or to the possible disappointment of human industry"".How true that statement remains today, where we are seeing economic cyclical problems compounded by basic fundamental structural change within the mining industry.Despite the enormous advances in earth sciences during the past two centuries, the rewards of mineral exploration still remain uncertain. Even though a promising orebody is found, ultimate profitability may still depend on the vagaries of the marketplace, where large and unanticipated changes in supply, demand and prices can play havoc with the best of calculations.The Canadian mining industry has had its share of disappointment during the past few years, with savage competition, shrinking demand, declining prices, and disappearing profits. But it has also had some share of success, such as at Hernlo, which now seems certain to provide some of the lowest cost gold production in the world"

Jan 1, 1986