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A rough simulated borehole has been developed for the installation and dynamic testing of rock bolts a the WASM Dynamic Test Facility. The rough simulated borehole is used for rock bolts that are sensitive to equipment installation technique or borehole geometry (particularly friction rock stabilisers and resin encapsulated bolts). An extensive axial test program has quantified a difference between the static and dynamic capacity (kN/m of embedment) for friction rock stabilisers once sliding starts. The 47mm split tube bolt has a 50% reduction in embedment capacity (but with significant variation) dissipating 2.7kJ/100mm of sliding per meter of embedment, and the Omega (inflatable) bolt had a 70% reduction in embedment capacity dissipating 6.2kJ/100mm of sliding per meter of embedment. The Omega bolt dynamic capacity remainder at least equivalent to the split tube bolt static capacity.

May 1, 2009

"The first SkimAir flash flotation cell was installed in Outokumpu’s Hammaslahti Copper Concentrator in 1982 to prevent overgrinding of soft sulphides in the milling circuit. Since this first installation the popularity of the flash flotation has fluctuated depending on metal market conditions and regional preferences. Units have been installed in many commodities including copper, lead, gold, PGMs, silver and nickel. Though it has been successfully employed in many operations around the world, flash flotation technology is still not well understood by many in the mining industry. This paper will discuss aspects of flash flotation flowsheet development along with some of the metallurgical and engineering considerations required to successfully incorporate flash flotation into new or existing milling circuits. This paper will also try and debunk some of the myths that exist around flash flotation cells and their operation. Case studies of flash flotation implementation will be discussed.IntroductionModern flash flotation technology was developed several decades ago by Outokumpu, with the first commercial installation of this technology being at the Hammaslahti concentrator in Finland in 1982 (Kallioinen & Niitti, 1985). This was a relatively modestly sized SK80 cell producing final grade copper concentrate directly from the flash flotation cell operating in the grinding circuit. Since that time the size and number of flash flotation cells installed globally has grown considerably to the point where today, it is a widely known application of flotation technology for amenable ores. Owing to their long history in developing the technology, Outotec are the market leader with their SkimAir range of flash flotation cells. Though there is a general awareness of flash flotation process in the mineral processing industry, there is a lack of detailed understanding of the process and the benefits it can provide to new and existing operations."

Jan 1, 2017

By Benoît Demers

Dans ses opérations de traitement de concentré de zinc, l?usine de Zinc Électrolytique du Canada à Valleyfield génère un résidu minier appelé « jarosite ». Jusqu?en 1998, le jarosite était transporté hydrauliquement dans des bassins construits en argile. Le jarosite sédimenté possède une consistance très molle (impossible de circuler à pied sur le résidu consolidé) avec une eau interstitielle acide contenant des teneurs élevées en métaux. Ces caractéristiques particulières au jarosite rendaient très coûteuses la construction et la fermeture des bassins de résidus. En 1998, Zinc Électrolytique du Canada a implanté un nouveau procédé, développé chez Noranda, dont le principal objectif était de stabiliser chimiquement et physiquement le jarosite. Un nouveau concept de déposition a été élaboré pour le nouveau résidu minier appelé « jarofix ». Les grandes caractéristiques du nouveau procédé et du concept de déposition sont : ? Le jarosite est lavé et déshydraté à l?usine avec un système de filtre; ? De la chaux, du ciment et de l?eau sont ajoutés pour former le jarofix; ? Le jarofix est transporté par camions jusqu?à l?aire d?accumulation; ? À l?aire d?accumulation, le résidu est géré selon un concept d?empilement. L?élaboration du concept d?empilement et de l?aire d?accumulation devait tenir compte des caractéristiques de déposition du jarofix, de sa résistance à l?érosion hydrique et éolienne, de la gestion de l?eau de ruissellement, de la faisabilité de construire les digues de ceinture en utilisant du jarofix durci et de la nécessité de restaurer progressivement l?aire d?accumulation. Le déchargement du jarofix se fait à partir d?une rampe qui progresse avec une pente ascendante pour développer un front de déversement de plus en plus haut. La hauteur du tas de jarofix atteindra 30 m au centre du site. L?aménagement initial de 1998 a inclut une digue d?amorce de 3 m de hauteur, une rampe de déversement de 8 m de hauteur et un bassin pour la gestion de l?eau de ruissellement. Les propriétés du jarofix consolidé dans l?aire d?accumulation sont déterminées annuellement. Le jarofix durci possède la consistance et la résistance d?une argile très raide. Sa conductivité hydraulique est similaire à celle d?un silt et il résiste bien à l?érosion éolienne. Après trois années de déposition, la température du jarofix au milieu du dépôt demeure élevée. Le jarofix durci est facile à excaver et à compacter, ce qui en fait un excellent matériau pour la construction des digues de ceinture en périphérie du site.

Nov 1, 2002

By T. Gammatikopoulos, C. Gibson, M. Aghamirian

Lithium is an alkali metal found in brine deposits in the United States, Chile and Argentina, as well as in hard rock deposits in Australia and North America. In hard rock deposits, spodumene (LiAl(Si2O6)) is the major economic lithium bearing mineral. Spodumene is typically upgraded through a combination of dense media separation, flotation and magnetic separation. One of the major spodumene concentrate quality specifications is the iron oxide content because it will help determine if the concentrate is considered ceramic grade for use in ceramics and glass or chemical grade for use in lithium ion batteries. The rejection of iron bearing silicate minerals from artificial ore composites (high amphibole and low amphibole, high quartz/feldspar) from a hard-rock spodumene deposit was investigated using magnetic separation and flotation. The efficacy of Wet High Intensity Magnetic Separation (WHIMS) in iron rejection was found to be dependent on the mineralogy of the iron-bearing silicate minerals including modal distribution, liberation and association. When magnetic separation was conducted prior to flotation, the Fe2O3 grade in the final flotation spodumene concentrate was reduced from ~3% to ~1% Fe2O3 , and improved lithium recovery in flotation was observed. It was determined that it was most effective to conduct WHIMS on the flotation feed after scrubbing and de-sliming because this reduced the required magnetic field to recover iron-bearing minerals, likely because slime coating was greatly reduced. Flotation collector screening of four different collectors with varying rosin acid content demonstrated a potential increase in selective flotation of spodumene over some iron silicate minerals with decreasing rosin acid content in the fatty acid collector. However, due to marginal difference in flotation results with the various collectors tested, further testing is required to confirm the observations made and establish a hypothesis regarding the effect of rosin acid content.

Jan 1, 2017

By R. W. Baker

"The development of uppers drilling at Brunswick Mining is reviewed. This paper describes design criteria for drilling patterns and the research required for selection of a suitable drill jumbo. The success of the uppers drilling program based on operating procedures is highlighted. IntroductionBrunswick Mining and Smelting Corporation Ltd., operates a 10 500 tonnes per day lead /zinc/copper I silver underground mine some seventeen miles southwest of Bathurst, New Brunswick .The No. 12 orebody, first discovered in 1952 by a group headed by M.J. Boylen, had extensive development, including two shallow shafts (500 ft), and test work carried out on it by St. Joe Lead between 1953-1957. However due to complex metallurgy and depressed metal prices, the operation was suspended.In 1961, a group comprised of M.J . Boylen, K.C . Irving and Patino acquired the rights of St. Joe Lead to the No. 12 property. A concerted development plan was initiated along with construction of the necessary sur face facilities and by July 1964, the property was in production at 4500 tons per day.In 1967 Noranda Mines Ltd. acquired operating control of Brunswick Mining and Smelting Corporation Ltd."

Jan 1, 1988

By G. M. Swinkels

Sherritt Gordon and Cominco, with financial assistance from the Canadian Government through PAIT, have developed a hydrometallurgical process for refining copper from sulphide concentrates. The main objective of the project was to develop a process applicable to a wide range of concentrates with respect to copper content, other metals content and impurities, within the economic parameters set by present smelting and refining practice. Other important objectives were to recover sulphur in its elemental form and not as sulphur dioxide to assure improved hygienic conditions and a negligible impact on the environment. For the most abundant and relatively refractory chalcopyrite concentrates, the first step of the process is thermal activation with hydrogen to decompose chalcopyrite and pyrite, commonly associated with it, into more reactive sulphides more amenable to leaching. The iron is then selectively extracted by sulphuric acid leaching and subsequently rejected as jarosite. High-bornite concentrates do not require thermal activation and acid leaching; they are subjected to another hydrometallurgical iron removal step. The high-grade copper sulphide resulting from iron removal, and containing all of the initial precious metals, is then leached under oxygen pressure to produce elemental sulphur and copper sulphate solution . After suitable solution purification, the copper is recovered by high-current-density electrowinning as wire-grade product. Precious metals remain in the leach residue and are recovered after separation of the gangue materials and elemental sulphur. The laboratory and pre-piloting test work had indicated copper and precious metals recoveries comparable to those achieved in current practice. The process was shown to be suitable for handling relatively low-grade concentrates and, in addition, it was capable of high recoveries of associated zinc, molybdenum, nickel and cobalt in saleable form.

Jan 1, 1978

"This paper describes some of the methods and equipment used for fine milling of minerals, and gives particular attention to the Vibro Energy system.In addition, the paper describes a specific application in the gold mining industry. This is the 200 tpd plant built by Anglo American Corporation at the President Brand Mine in South Africa in 1985, now a division of Freegold. This plant treats a gold bearing pyrite flotation concentrate which is finely ground to 15 microns prior to cyanidation and carbon-in-pulp (CIP). l .0 INTRODUCTIONFree milling gold ores are those that yield acceptable dissolution and recovery of the gold following grinding to what can be described as normal fineness, frequently between 50% and 90% passing 74 microns.Increasingly, gold metallurgists are faced with ores that are refractory. The traditiona1 treatment route for refractory gal d ores and concentrates has been by roasting, but for environmental reasons this is becoming less acceptable, or in some areas of the world, totally unacceptable. New methods of treating refractory gold ores are being developed and applied in practice. These new methods include pressure and biological oxidation. Higher gold liberation can also be attained by increasing the fineness of grind, although with conventional systems there are economic limits to this.In flowsheet development and test programs on new deposits, a standard procedure is to establish the relationship between the grind and subsequent go 1 d extraction. The normal situation is that gold extraction increases as the ore, or concentrate, is ground finer. Typically, this relationship is as shown in Fig. l, where the incremental additional extraction is very small once an optimum, or economic, grind has been achieved. This generally app1ies whether the material is free milling or refractory. The limits to grinding are set by the type of equipment which is commonly in use, usually ball mills. These mills have the obvious advantage of high capacity, however, they are increasingly inefficient as finer grinds are required. In general, ball mills are used to reduce ore to some agreed percentage passing 74, or possibly 53 microns."

Jan 1, 1988

By Michael J. Kelly

IAMGOLD?s Westwood project is the site for the largest, by volume, bored vent raise in North America. When completed, it will be the fifth largest bored worldwide in a single pass. This paper will review the highest capacity raise drill system ever built (Redbore 100); as well as the technical difficulties in a single pass boring a 2,773 ft x 20 ft to 22 ft diameter raise. The difficult ground conditions and associated problems will be reviewed, as well as the solutions to overcome them. Use of the RVDS drilling tool to achieve .04% accuracy (14.5?) and the Geotube® water filtration system will also be covered.

Oct 1, 2010

By J. A. Caceres

Mining planning and mineral processing are almost two unconnected areas. The mining area builds its economical models considering the plant like a constant parameter: a constant throughput, an average recovery and a unitary cost. On the other hand, the mineral processing area assumes a mine plan with grades, ore type, work index, estimating the performances in an independent way. Previous researches have evaluated the advantage for increasing throughput by increasing the liberation size, thus sacrificing recovery. These valuables approaches have left behind the work index factor, critical variable for Recovery-Throughput capacity estimation. This study describes a method combining mineral processing and mining planning. This method incorporates the grinding and flotation performances into the mining economic models optimizing simultaneously the Throughput- Wi(Work index)- Recovery relations with mining sequence, cut-off strategies, and reserve schedules. This method has been used at Andina Mine Chile, showing 18% net present value increasing with minimum investment associated.

May 1, 2003

By Jarek Jakubec

The new euphoria in diamond exploration brings with it a need to understand the challenges that new projects can face in different stages of the development and risks that the commercial outcomes from the new projects fall short of expectations. In many cases, the problems are related to a poor understanding of the technical risks and a failure to adequately address them during the course of investigation. Failure to evaluate all disciplines to the same level of certainty could lead to a situation where the important issues are only identified late in the project development, resulting in costly delays and financial difficulties. The diamond projects located in Canadian Arctic, with its challenging environmental, geographical, social, political and geological contexts are especially sensitive to the high variability of the outcome. This presentation highlights some of the technical aspects that could be the leading sources of risk in diamond projects and could ultimately result in inappropriate mine designs, reducing the economic outcome.

May 1, 2006

In this paper, geostatistical techniques are applied to forecast the annual copper price in the short and medium terms (from one to five years ahead). These techniques allow the incorporation of monthly and multivariate information in the analysis and provide more accurate results than traditional approaches, especially as far as the one-year forecast is concerned. A second advantage of geostatistics stems from its ability to assess the uncertainty associated with the unknown future prices, thanks to estimation variances or confidence intervals, depending on the technique used. Such an assessment has a crucial importance in decision-making, from both macroeconomic and microeconomic points of view

Sep 1, 2004

By A. Cabañas

"In this paper, geostatistical techniques are applied to forecast the annual copper price in the short and medium terms (from one to five years ahead). These techniques allow the incorporation of monthly and multivariate information in the analysis and provide more accurate results than traditional approaches, especially as far as the one-year forecast is concerned.A second advantage of geostatistics stems from its ability to assess the uncertainty associated with the unknown future prices, thanks to estimation variances or confidence intervals, depending on the technique used. Such an assessment has a crucial importance in decision-making, from both macroeconomic and microeconomic points of view. IntroductionThe copper price traded in the London Metal Exchange is a relevant parameter for defining macroeconomic policies of producing countries like Chile. It is also a key factor for the mining companies, since fluctuations in the sell price affect the expected financial flows. Due to the amount of money involved in decision-making, it is necessary to have accurate forecasts of the future copper prices and to quantify the uncertainty associated with such prices.This paper focuses on the annual copper price estimation in the short and medium terms, i.e., from one to five years into the future. Henceforth, the word “estimation” will be used as a synonym of “forecast,” according to the geostatistical jargon (Matheron, 1989).Two main approaches, based either on statistics or econometrics, are currently used to forecast commodity prices, but both of them are not very accurate when applied to copper. First, the main methods are briefly reviewed, then the geostatistical formalism will be presented. So far, the latter approach hardly has been used to estimate commodity prices, although it may reconcile both statistics and econometrics via (1) the use of a stochastic approach and (2) the handling of ancillary variables related to the copper market. Another advantage of geostatistical techniques is the ability not only to forecast the copper price, but also to measure the uncertainty associated with it."

Jan 1, 2004

A series of fault slip seismic events have occurred at Garson mine. The events have occurred during development advancement exposing faults, after the extraction of single stopes due to mining induced stress change, and due to time effects after delays of many days during which no mining had been conducted. This paper discusses the study completed consisting of a global or holistic approach aimed at mitigating some of the risks associated with the structurally controlled rockbursts at Garson. Background Garson mine is located in the south east area of the Sudbury Basin (Ontario, Canada). Mining occurs in two main ore bodies (the #1 Shear and the #4 Shear) which are copper-nickel-sulphide and occur within shear zones that (as well as the ore bodies) strike approximately east-west and dip steeply south. From the north (footwall), lithologies progress (Figure 1a) from norite (NR), to greenstone (GS), and finally to meta-sediment (MTSD). A generally WNW-ESE striking, bifurcated sub-vertical dyke of olivine diabase (OLDI) cuts the series. The current active mining block at Garson is between 4700L and 5100L (levels denote depth in feet below surface).

May 1, 2009

By Hua-Zhong Yu

Gold is one of the most widely used substrate materials for self-assembly. Self-assembled monolayers (SAMs) prepared from alkanethiols and their derivatives on gold are the most reliable and well-studied systems to date, which have attracted much attention because of interest in two-dimensional molecular assemblies, and of their potential applications in molecular devices, sensors, and functionalized interfaces. Gold electrodes are also very important in microelectronics and electroanalytical chemistry. This work reports the characterization of a new type of gold substrates for self-assembly. The gold substrates are constructed from recordable compact disks (R-CDs) with simple and straightforward wet-chemical treatment, and can be made at desired sizes and shapes that satisfy different experimental needs. In particular, an easy, inexpensive, and reproducible method to prepare self-assembled monolayers (SAMs) on CD-R gold substrates after removing the protective polymer films with concentrated nitric acid was described.

Oct 1, 2003

By Kevan Ford, Getulio Junior, Rob Henderson, Wayne Philips, Chris Martin, Rob Thorpe

"Plant 2 at the Kinross Paracatu gold operation in Minas Gerais State, Brazil, was commissioned in late 2008. Designed to be the largest tonnage, lowest grade gold milling operation in the world, Plant 2’s throughput has steadily increased towards its design capacity of 5087 tons per hour.The plant employs a gold-specific flotation scheme to recover the majority of gold, which is present as discrete free gold particles. Additional gold is recovered by jigs in the grinding circuit, and the jig concentrates are reground, upgraded and subjected to intensive cyanide leaching. The flotation cleaner concentrate is reground and leached using a conventional CIL circuit.One year after start-up, with the plant stabilizing operationally, plant circuit surveys were completed by a joint team from Kinross Paracatu and Blue Coast Metallurgy Ltd. The surveys audited the flotation and concentrate treatment circuits to investigate the metallurgical performance.This paper describes the Plant 2 operation and how the surveys were designed and executed. Some of the quality control systems that were employed to provide meaningful data from such a low grade gold ore are described and findings and actions taken to improve metallurgy as a consequence of the surveys are discussed.INTRODUCTIONThe Paracatu mine is located two kilometres north of the city of Paracatu, in the north western portion of the state of Minas Gerais, Brazil, 230 km southeast of the national capital Brasília (shown in Figure 1). The present day Paracatu mining operation, fully owned by Kinross Gold, through its Brazilian subsidiary Rio Paracatu Mineração (RPM) is designed to be the largest tonnage, lowest grade free milling gold operation in the world.The deposit currently hosts some 1.2 billion tonnes of ore at a grade of ~0.41 g/t gold, hence contains a total gold reserve of over 20 million ounces. At a designed plant throughput rate of 61 Mt/year the mine life goes beyond 2030."

Jan 1, 2011

By Walter Valery, Peter Radziszewski

"The NewCrest Cadia operation boasts the largest SAG mill commissioned last June 1998. A request was made to shed some more light on possible SAG mill charge behaviour. Three different software were used to simulate SAG mill charge behaviour:Mishra/Rajamanis MillSoft DEM charge motion program, Radziszewskis agglomerated DEM charge motion program and Powell/Nuricks MillTraj outer trajectories program. The contexts simulated are: 20/30 % charge volume, 65/75/85 % critical speed using the Hi-Lo lifter configuration specified for the mill as well as a Hi-Lo 60 degre lifter face configuration. Further, lifter interval was also studied to determine the effect on power draft. Power predictions are compared with those obtained during the commissioning period.INTRODUCTIONThe NewCrest Cadia operation is located outside of Orange, New South Wales, Australia. With proven reserves of 190 million tonnes at a grade of 0.75 g/t Au, the mill was designed to process 17 Mtpa (2065 tph) of ore with an 86% copper and 73% gold recovery. The grinding circuit (Fig. 1, Table I) boasts the largest SAG mill (Fig. 2) and was commissioned last June 1998."

Jan 1, 1999

By B. Stimpson, K. Kosar, K. Barron

"A number of high wall failures have occurred in some of the Alberta coal strip mines of a type called by the authors ""Multiple block plane shear slope failure "". They cause rapid deterioration of the dragline bench, reduced productivity and maintenance costs.The failures are invariably associated with the presence of almost horizontal (± 5 degrees) bentonitic clay bands in the overburden, often immediately above the coal seam, and regress behind the slope as a series of tension cracks which isolate detached blocks. As many as 17 sets of cracks have been observed, at lateral distances in excess of five times the slope height from the toe.The theory of this mode of failure is presented and a limiting equilibrium computer program which will produce deterministic or probabilistic (Monte Carlo) solutions is briefly described. A case history of one such failure is documented. It is shown that the extent of the regressive failure is exceedingly sensitive to the water table elevation, leading to the conclusion that drainage, if practical, represents the best control strategy. IntroductionA number of high wall slope failures are occurring in some of the coal strip mines in Alberta of a type called by the authors ""Multiple block plane shear slope failure""(I). These failures cause a rapid deterioration of the bench from which the dragline operates, reduced productivity, and necessitate conregresses into the slope as a series of tension cracks and detached blocks. As many as 17 prominent cracks or crack zones have been observed, the last being in excess of five times the slope height distant from the toe.The block between each pair of cracks must be at limiting equilibrium, i.e. the factor of safety equals one. This condition can be used to determine the locations of the cracks which develop in sequence behind the face."

Jan 1, 1986

By J. A. López-Molina, S. García, V. Castellanos-Pedroza

"Grouting aims to reduce the permeability of rock mass below a predetermined value and has been widely used in rock engineering field for a long time. However, the injection procedure needs several empirical decision makings and it is rather difficult to reliably confirm the achievement of improvement, because the grout penetration process is not sufficiently clarified. This investigation proposes a neuronal method of defining spatial distribution of rock hydraulic properties and a fuzzy scheme for estimating their relation with the grout penetration (consumption, localization and filling material). The intelligent method stands as a tool for helping in harmonizing the sealing activities and the medium conditions. The virtual simulation of grouting strategies embraces geology, hydraulic and rock characteristics and the filling process. Important aspects as different pressure injection levels and fracturing systems can be holistically studied using the intelligent environment, resulting in an advantageous, economic, flexible and interactive tool for planning better this critical activity.INTRODUCTION Grouting is a very common method of sealing rock and repairing concrete structures (Butron et al., 2010) and its use in engineering of dam-foundation and tunneling has been documented as very successful (Yang, 2004). Generally speaking, to achieve the closing purpose, boreholes are drilled into the rock mass and grout is injected (under pre-selected pressure) until the fractures around the borehole are filled. The complete filling of these fractures is possible if they are connected to each other in such a way that the remaining water and air can be displaced outside the designed grouting zone (Houlsby, 1990; Kutzner, 1996). Water testing is necessary for evaluating seepage potential and for determining whether grouting is necessary or practical. Regardless of the main reason for the investigations, design of a program for water testing for grouting should consider the type of structure to be built, the geologic conditions at the site and the level of seepage control desired. As information gathered the report must content the fracture openness, number and connectivity, exploratory drill holes orientations, materials situation and a panorama of rock-mass state (quality)."

Jan 1, 2015

By V. S. Papezik

Pyrophyllite, an AI silicate used in the production of ceramic materials, is formed mainly by alteration of felsic to intermediate volcanic rocks, either directly (at temperatures of 250-300°C and pressures of 1-2 kbar) or by subsequent low-grade metamorphism of aluminous protoliths produced by thermal fluids or even by prolonged weathering. Most pyrophyllite deposits in North America are concentrated in a belt of Late Precambrian volcanic and sedimentary rocks, the "Avalon Zone ", which extends along the eastern flank of the Appalachian mountain system from Newfoundland to the southeastern U.S.A. The only producing pyrophyllite mine in Canada is an open pit located near the settlement of Foxtrap on the Avalon Peninsula of Newfoundland. It lies in a belt of rhyolitic flows and pyroclastics intruded by a granitoid pluton. The rocks have been leached along a shear- or fracture zone, depleted in silica, alkalies, Ca, Mg and Fe by the action of hydrothermal fluids, and recrystallized to a very fine-grained massive assemblage of pyrophyllite, muscovite ("sericite") and quartz. High-grade pyrophyllite lenses contain small nodules of diaspore with minor barite; rutile is present in trace amounts. The close proximity of all pyrophyllitized zones on the peninsula to the granite contact suggests that the alteration was produced by thermal fluids genetically connected with the granitoid pluton. The fine-grained pyrophyllite-bearing rocks, with their simple mineralogy, are suitable for quantitative modal analysis by X-ray diffraction. Chemically analyzed samples from the alteration zone were used for the construction of working curves by plotting calculated mineral content against the intensity of selected diffraction peaks. The accuracy of the resulting curves is ±4.5% for quartz, ±3.6% for pyrophyllite and ±2.7% for muscovite. Pelletized samples give best results. The XRD method is suitable for a rapid analysis of a large number of grab or core samples to outline higher-grade areas for more detailed sampling.

Jan 1, 1978

By Andrew Bamber

Between the early 20th Century and the present, the production of mined copper ore has increased from tens of millions of tonnes per annum to several billion tonnes per annum, an unprecedented increase. Contemporaneously, the average grade of mined copper ore has declined from over 2% to approximately 0.5%. Again, in parallel, the price of copper has increased dramatically to reflect the increasing cost of extracting and beneficiating such large amounts of low-grade ore. Within the period the copper price however exhibited several periods of intense volatility, driven by interrelationships between demand and supply, themselves strongly driven by periodic industry developments in the fields of exploration, ore extraction, mineral processing and extractive metallurgy. It is notable that these periods of intense innovation exhibit a strong correlation to preceding periods of price, demand or production volatility. This paper examines key trends in each theme between 1900 and 2018 and draws strong conclusions as to the interrelationship between them. INTRODUCTION The production of copper metal has increased from around half a million tonnes per annum to over fifteen million tonnes per annum over the course of the 20th Century. Contemporaneously, the average grade of copper ore mined has declined from over 2% to approximately 0.5% copper by weight. As a result, the volume of Run-of-Mine (ROM) copper ore required has increased from around ten million tonnes per annum to over a five billion tonnes per annum over the period, an unprecedented increase. The adage is that demand drives supply, that prices rise in times of high demand and/or short supply, and that prices fall when supply catches up with demand. The market sellers in biblical times knew this well; mediaeval market sellers equally. Dutch tulip sellers in the 1600’s experienced both in extremis — much to their dismay — and the great industrialists and early capitalists of the industrial revolution knew this also. Mining recently went through a cycle where investors and producers both believed that the “old” rules did not apply any more and that the industry was in a “supercycle” where prices would continue to rise on the back of increasing demand. However, as the GFC of 2008–2011 showed, this was not to be. Another adage says that we constantly innovate to lower costs of production. Is this true? Do we only innovate to lower cost? Has the true cost of producing copper actually gone down over the century? Or are there other balancing forces at play? Herb Kellogg, in his Centenary address to the American Institute of Mining Engineers (now SME), categorized two types of innovation: ‘Bigger and Better’, and ‘New Process’ (Kellogg, 1970). ‘Bigger and Better’ allows increased production at presumably lower cost; ‘New Process’ supports the same result at presumably the same scale, but at significantly enhanced efficiencies and (therefore) lower cost. It is suggested that both types of innovation are constantly and interchangeably required to achieve the kind of scale-up, at achievable operating and capital cost that the industry has achieved over the period. What can be shown, over this last Century and a bit, is that supply and demand are indeed inextricably linked, price and demand are linked, but so are price and cost of production. And the innovation required to sustain that weaves in between them all, cost-effectively increasing production capacity or lowering the cost of production at the same throughput, and sometimes both.

Jan 1, 2019