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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 Toshiharu Teranishi

When we apply the Au nanoparticle superlattices to the future nanooptical and nanoelectronic devices, the control of not only the particle size but also the interparticle spacing and symmetry of superlattice are the essential problems to be overcome. First, we developed a novel synthetic procedure to precisely control the particle size of alkanethiol-protected Au nanoparticles in the range from 1.5 to 9.7 nm by the heat-treatment of the small Au nanoparticles in the solid state. Absorption and nonlinear optical properties of alkanethiol-protected Au nanoparticle superlattices were then elucidated. On the other hand, the hexagonal close-packed (hcp) 2D superlattices of small Au nanoparticles with the interparticle spacings from 1.9 to 3.6 nm were successfully prepared by using newly-synthesized ligand for single electron tunneling devices. Finally, various symmetric superlattices, such as chain (2-fold), quasi-honeycomb (3-fold), square (4-fold), etc., of Au nanoparticles could be produced by making use of interligand interactions or some templates.

Oct 1, 2003

By T. G. Joseph, G. W. Hansen

"This paper considers the duty cycle of an electric cable shovel and correlations with measured passive seismic responses of the underfoot oil sands material in-pit. It has been observed that the cyclic activity during operation of any shovel in the oil sands environment causes the material to deteriorate and provide a less than ideal footing for this large item of equipment, whose dead weight approaches 1500 tons with a footprint of merely 75 sq. yd. Consequences are manifested in the form of carbody and side frame cracks, and associated downtime, maintenance activity, cost, and subsequent loss of availability.The objective of these considerations, as part of the Oil sands-Equipment Interaction Program (OsEIP), currently a joint venture between Syncrude Canada Ltd., James Progithin International (JPi) Ltd., Caterpillar Inc., P&H MinePro and the University of Alberta, is to identify and provide feedback to the manufacturer and end user of adverse shovel-ground conditions. This would enable the manufacturer to incorporate greater knowledge into the design process and the end user to direct operations in an enhanced proactive maintenance stance."

Jan 1, 2002

By W. A. Ahrens, J. H. McNamara, J. G. Franek

"An economical, pollution-free process has been developed for the hydrometallurgical extraction of copper from sulphide ores. The extracted copper, in the form of cuprous chloride (CuC/), is converted by reduction to copper metal. The metal is melted and fire -refined into wire bars which meet the standards of electrolytic tough pitch (ETP) copper wirebars. IntroductionThe successful development of the Cyprus Copper Process has been an evolutionary series of events covering a time span of some nine years. The original process, based on an electrolytic membrane cell principle , was abandoned in 1975 because of technical, economic and pollution problems. During the past four years, the pilot plant has been reconstructed based on a new flowsheet and operated successfully in several campaigns, some for as long as four months. The pilot-plant hydro section operates at a 225-lblhr copper rate. In October 1977, a feasibility study was completed by Jacobs Engineering, Pasadena, California. The study showed favourable economic and technical feasibility. Jacob's studies in 1978-79 revealed favourable comparative economics with other known pyrohydro processes and favourable economies of scale.The Cyprus Copper Process converts copper concentrates of varying composition into copper metal, which has been proven to be equivalent in every way to electrolytic tough pitch copper, suitable for electrical applications. This is accomplished at capital and operating costs which are estimated to be lower than those associated with any other known currently applicable technology. Also, the total energy requirement is equal to or less than any other known process and the process is essentially pollution free."

Jan 1, 1980

By T. G. Joseph, K. Barron

A strain-softening constitutive relationship is introduced that describes the post-failure stress-strain curve for rock regardless of whether the rock is intact or broken. The core of this relationship is an “apparent friction” concept that relates the post-failure apparent cohesive and frictional characteristics of the rock to the strain. The relationship can be determined for a given rock via a series of triaxial strength tests establishing the peak strength and corresponding strain for a range of confining pressures, together with the determination of the base angle of friction via a simple tilt test. The postulates and assumptions used in deriving this relationship are verified from results of tri-axial tests on both intact and broken rock. This strain-softening relationship is then applied to coal. Having determined the post-failure stress-strain curve for coal specimens, this information can then be used in a finite element program, such as Phase 2, to examine the post-failure characteristics of coal pillars. Using example data, the strength of coal pillars of different width/height ratios are estimated and compared with well-known empirical pillar size-strength relationships. In addition, the post-failure stress-strain behaviour of a coal pillar is compared with an empirical relationship reported in the literature.

Jan 1, 2003

By Sanjeeva Latchireddi, Travis Orser

"Today’s high capacity semiautogenous grinding (SAG) mills expend vast amounts of energy and in doing so consume tons of shell liners and steel balls, while processing ore. The energy efficiency of these high throughput grinding mills can be attributed to the field of breakage and slurry discharge system. The charge motion and breakage of particles inside the mill depends on the shell lifters design, while the discharge of ground particles is controlled by the grate and pulp lifters. The limitations imposed by poor grate and pulp lifter design become increasingly apparent with increasing size of ag/sag mills and their operation in closed circuit. The design of these mill components has been largely based on trial and error and hence varies considerably between manufacturers. This paper discusses the use of two state of the art design tools - Millsoft™ and FlowMod™. Millsoft™ is an effective tool to design the shell lifters and optimize charge motion, whereas FlowMod™ simulates the slurry discharge system to design grate and pulp lifters. The application of these simulators will be discussed using case studies of full scale mills.INTRODUCTIONMany large mining operations around the world have one or more semi-autogenous (SAG) mills doing bulk of the work in their size reduction operation. The SAG mill is usually followed by a ball mill to finish the size reduction prior to the concentration step. In the past when primary, secondary and tertiary crushers fed material directly to large ball mills, the energy efficiency of the concentrator was determined for the most part by the ball mill operation, whereas now the energy efficiency of a plant often rests largely on the SAG mill operation. As a result mines have shifted their emphasis in optimization from ball mills to SAG mill"

Jan 1, 2005

By Graham A. Karklin

"The Echo Bay Mines silver property is located 875 air miles north of Edmonton, Alberta. The mine is on the east shore of Great Bear Lake at Port Radium which is twenty six miles south of the artic circle, in the North West Territories.HISTORYThe area was first surveyed by J. Mackintosh Bell of the Geological Survey of Canada in the early nineteen hundreds. In May 1930, Gilbert LaBine staked claims at Port Radium called ""Cobalt"" and ""Cobalt I"". What he had discovered was an extremely rich vein of pitch-blend. These claims were the birth of mining in this area. The first ore shipment of pitch-blend was hand-picked and flown out of Port Radium in 1931. LaBine's discovery of pitch-blend became of world-wide importance with the outbreak of World War II. In 1939 the splitting of the uranium atom brought this area into world focus. It is generally believed that it was ore from this area that was used in the production of the devastating bombs which were dropped on Japan.It was at Port Radium that the leaching process for uranium extraction was pioneered. The resultant methods have been modified and adopted for use around the world. The mine was originally owned by Eldorado Gold Mines Limited. Echo Bay Mines leased the property in 1964, subsequently purchased it, and have been producing silver and copper every since."

Jan 1, 1981

By R. Bashir, J. F. Hatley

ABSTRACT Northern Saskatchewan boasts some of the world’s largest known high-grade uranium deposits. The successful mining of these deposits cannot be accomplished without overcoming technical challenges, however, which include high grade of the uranium ore, specialized mining methods to deal with groundwater at high pressures, and poor ground conditions. This paper discusses the various mechanisms of inflows at three of Cameco Corporation’s sites in northern Saskatchewan. The risk of inflows is quantified in terms of unique challenges due to hydrogeological conditions, rock mass integrity, and uncertainty in geological conditions. Strategies in the case of an inflow are also briefly described.

Jan 1, 2013

By Marc C. Bétournay

A mine production locomotive, the world?s first applied industrial fuelcell vehicle, has been designed and tested in the context of a number of proof-of-concept projects supported by the Fuelcell Propulsion Institute, an international consortium of stakeholders dedicated to facilitate the commercialization of fuelcell vehicles. The locomotive?s simple electric-powered motor and controller system was ideal to study a number of requirements related to fuelcell power application: hydrogen power plant operation, underground hydrogen use, risk and regulatory requirements, production performance versus the conventional battery-powered locomotive version under measured duty cycles and production requirements, power plant design improvements for other fuelcell vehicles, and cost-benefit aspects. This article will focus on the design and testing aspects of this project which has led to successful performance demonstrations of the vehicle under surface and underground conditions at two mines. It will also present information on the creation of a safe, reliable and efficient power plant which fulfilled its design objectives, including longer productivity time for a given vehicle fill-up.

May 1, 2003

By P. J. Williams, A. R. Foster

Petrographic studies, assay records, and laser ablation-inductively coupled plasma-mass spectrometer (LA-ICP-MS) analyses of major sulfides suggest nearly all of the gold at the Ernest Henry Cu-Au deposit occurs in the form of native gold or electrum (95-65 wt.% Au); sylvanite and dissolved gold in cobaltite, chalcopyrite, and pyrite make only minor contributions. LA-ICP-MS analyses of the gold contents of chalcopyrite gave from 8 to 139 ppb (mean = 56 ppb), more than an order of magnitude lower than those experimentally determined in chalcopyrite in equilibrium with native gold at the estimated mineralization temperatures (350°-450°C). Gold content is more variable in pyrite (1-400 ppb, mean = 77 ppb) and highest in narrow growth zones of a subordinate type of complexly zoned pyrite wherein it is associated with elevated As, Ag, Sn, Sb, Te, and Bi. Deposition of gold-electrum was closely associated with, but preceded some of the chalcopyrite deposition, as indicated by microtextures and lower bulk Au:Cu ratios in late-stage chalcopyrite-rich veins. Gold grains have maximum dimensions from <1 to 50 micrometers, and are heterogeneously distributed with most occurring in microscale clusters. Fifty-five out of 76 grains recorded in polished sections are in contact with both chalcopyrite and pyrite, and many of the rest are in sites where such a relationship could exist in the third dimension. The dominant textural sites are intergrowths with chalcopyrite in microveinlets cutting pyrite, and on faces of pyrite grains in contact with chalcopyrite. Scanning electron microscopy, electron microprobe analysis, and proton induced X-ray emission studies show that pyrite associated with gold includes complexly zoned, weakly zoned, arsenian, and arsenic-poor types. The textures are compatible with the possibility that most gold was deposited electrochemically as native metal on pyrite surfaces. The textural distribution of gold has important metallurgical implications given that the ore processing circuits at Ernest Henry and most other sulfide copper mines are designed to exclude pyrite (and arsenic) from concentrates.

Jan 1, 2007

By R. Dahlke, J. A. Finch

A campaign was undertaken during the greater part of 2001 at Noranda’s Brunswick mine concentrator to investigate the role of gas (air) superficial rate (Jg) distribution to the cells in the final Zn cleaning stage (bank of seven cells), i.e. the Jg profile. Three profiles were tested: “balanced” (each cell with same Jg), “increasing” (from cell 1 to 7 proportionally), and “decreasing,” along with an “as found” profile in a parallel control bank. The experimental design allowed for two confounding factors, changes in ore type and circulating load. The increasing profile consistently gave the best metallurgy (down-the-bank grade / recovery). The reason for improved performance was the response of the first cells in the bank where the increasing profile gave the highest selectivity of sphalerite against nonsulphide gangue (NSG). The other profiles gave lower selectivity and higher zinc recovery in the first cells, which combined to reduce overall bank performance. The higher selectivity with the Increasing profile is attributed to the low gas rate in the first cells reducing water recovery and hence limiting entrainment of NSG. The increasing profile was subsequently configured for all four stages in the zinc cleaner circuit.

Jan 1, 2004

By T. Yalcin

"This paper describes the development of a mathematical model for determining the liberation of an ore at various grinding sizes, based on the combined results of microscopic counting, grinding tests, and chemical analysis.The method is illustrated with an application to the magnetite ore of Sherman Mine in Temagomi, Ontario. For this ore, a degree of liberation of 98.7% was determined at a grinding size of 90% passing 44 microns, which closely corresponds to the final grinding size employed at the Sherman Mine Concentrator.Introduction Liberation characteristic of ores have direct and significant bearing on overall economics of concentration processes.Target grades and recoveries can be achieved only it minerals are adequately liberated prior to separation. Degree of liberation depends on the extent of size reduction. However, due to the high costs associated with size reduction processes, it is important to keep size reductions within limits of satisfactory liberation. Prevention of excessive size reduction is also necessary because of inefficient mineral separations in very fine sizes. Hence, a study of reduction size — liberation relationship is essential for optimum profit from milling operations.A number of procedures have been developed for liberation studies (1-12), but there is lack of method for universal adoption.A new approach is presented in this paper that might provide a realistic estimate of liberation and give a practical guidance as to the degree of size reduction required for satisfactory liberation."

Jan 1, 1985

By Chris Brown

"The Island Copper plant was designed and built by Fluor Utah Ltd, in conjunction with Utah design staff, Originally designed to treat 33,000 tons/day (t/d) of ore, the current average milling capability is 38,000 t/d (Nov'74). The first of six semi-autogenous grinding lines was brought on line in October 1971, startup of the remainder being governed by equipment delivery schedules.The summer of 1973 saw the start-up of an additional three ball mills, and attainment of the present production level. The current process flowsheet is shown in simplified form.CRUSHINGThe crushing circuit is relatively simple, comprising single stage crushing of the ore followed by screening to fine and coarse fractions.The crusher is a 54 x 74in. Allis Chalmers Superior Gyratory with a setting of 9-lOin., driven by a 500-hp motor. Trucks dump on three sides of a rectangular dump pocket. An 84in. x 20ft. link belt apron feeder draws crushed ore from a 250-ton surge bin below the crusher, discharging onto a 72in. wide inclined steel cord conveyor belt. A fixed splitter box at the conveyor discharge separates feed to two parallel Jeffreys 6 x 20ft. vibrating grizzlies for screening into +4in. and -4in. fractions. The fractions are collected on short reversible conveyors which feed the coarse and fine ore stacker conveyors. Trippers distribute ore to outside stockpiles adjacent to, and above, the concentrator grinding 'floor."

Jan 1, 1975

By S. Fuentes, J. Cáceres

"During the past fifteen years, mines utilizing the block caving method have improved performance and systematically reduced total mining costs.This paper describes improvements in mine design, mine planning, and mine management, including methods enabling the Chilean and international mining industry to ensure cost savings and productivity growth while using the block caving method. These improvements have encouraged the re-evaluation of underground operations at operating and closed open pits, and challenge surface mining applications as the only low-cost mining method. This paper describes a strategy to estimate the optimum open pit to underground transition time during the life of a mine. IntroductionDuring the last fifteen years, block caving mines have experienced huge changes in designs, planning and administration. These changes have permitted operators to drastically reduce costs, improve equipment productivity, and improve overall business performance. As a consequence of this situation, the block/panel caving mining system is challenging actual open pit operations to maximize the net present value (NPV)."

Jan 1, 2004

By Roe-Hoan Yoon

"Industrial flotation columns often suffer from low recoveries and high maintenance requirements because of poorly-designed air spargers. The MicrocelTM bubble generators were developed at Virginia Tech to overcome these problems. In this system, small air bubbles are generated by circulating a portion of the flotation pulp through a set of static in-line mixers. The small bubbles improve flotation kinetics and allow a higher recovery (or capacity) to be achieved. Other advantages of the system include reduced air consumption, plug-free operation and on-line maintenance. This article discusses the advantages of the MicrocelTM bubble generators and presents examples of successful in-plant demonstrations.IntroductionColumn cells are widely accepted in industry for cleaner operations because they are more selective than mechanically-agitated conventional cells. The improved selectivity can be attributed to the use of wash water which minimizes the entrainment of fine gangue particles into the froth product. Columns may also produce higher recoveries if the air sparging system is properly designed and steps are taken to minimize back-mixing. Furthermore, the quiescent conditions afforded by column cells may be beneficial for recovering coarse particles that are readily detached from bubbles under more turbulent conditions. Also, properly-designed columns offer advantages in terms of savings in floor space, reduced operating and capital costs, and simplified circuitry.It is unfortunate, however, that some of the advantages of columns are not fully realized in industrial practice. Some column circuits are unable to achieve their design capacity, while others require extensive maintenance programs. These shortcomings can usually be attributed to deficiencies associated with the design, scale-up and operation of the air-sparging system. In this article, some of the basic problems associated with commercial air sparging systems are discussed and alternatives are suggested."

Jan 1, 1994

By Steve Cole

"The economic and strategic importance of PGE bearing deposits is fuelling renewed exploration and development efforts in the precious metals mining sector.This paper presents a review of the various techniques used in the processing of PGE bearing ores, from primary benificiation to processing routes for the different flowsheets that have been developed amongst current producers. Recent innovations such as preconcentration of ore using gravity separation, recent trends in flotation circuit design and the development of hydrometallurgical routes for the direct treatment of flotation concentrates without the need for smelting will be discussed. Data from recent projects will be presented to illustrate common characteristics of PGE ores and concentrates.INTRODUCTIONThe six platinum-group elements (PGE): ruthenium, rhodium, palladium, osmium, iridium and platinum, together with gold and silver, are considered to be ""precious"" metals. The recent spike in platinum and palladium prices coupled with the projected increase in demand for the metals has fuelled a spate of exploration and new projects in the PGE sector. Historically primary producers of PGE metals have controlled the flow of information relating to the mining and processing of these ores into the public domain. Very little published information relating to individual operations and processes is available in comparison to the abundant literature relating to other metals.The purpose of this paper is to provide a general overview of the issues relating to the processing of PGE ores. Each topic discussed could easily be the topic of a paper or book and so in many cases only the surface of the topic will be scratched. An attempt has therefore been made to provide as many references as possible.This paper discusses the classification and location of PGE ores, the mineralogical factors that affect recovery of PGE's, methods currently used for recovering PGE's and process trends in PGE metallurgy."

Jan 1, 2002

By K. V. Konigsmann

"The results of Mr. Klymowsky's research confirm the essential role played by oxidation products in the flotation of base metal sulphides. They invite a discussion on the subject of aeration which I may open by a brief description of the development and current practice of aeration. The first installation of pre-flotation aeration in Canadian milling practice was undertaken during the years 1928 and 29 at the then new Noranda Mill. C.G. McLachlan and his collaborators demonstrated that the flotation differential between chalcopyrite and iron sulphides was enhanced by aeration in soda ash alkaline pulps. The ores treated contained more than 80 per cent sulphides. It was proposed already then that the products of mineral oxidation assisted copper and retarded iron sulphides, at least pyrrhotite flotation. The concentration of thiosulphates was used as a measure of the progress of oxidation. Several papers by C.G. McLachlan elaborate on this subject.The aerator was also used as classifier since it was held that aeration, i.e. controlled oxidation, should go hand in hand with creation of new mineral surfaces. Grinding mills and aerators were placed in closed circuit. Figure 1. This aeration was essential for successful separation at Noranda.Following the application of aeration at Noranda the technique was applied to existing mills in N.W. Quebec. Impressive improvements in concentrate grades and recoveries were obtained. It was observedthat the zinc flotation benefitted from aeration as much as the preceding copper float. In the late forties and fifties the aerator classifier was installed in new mills associated with the Noranda group. A diagrammatic sketch of the Quemont flow-sheet (figure 2) may serve as a typical example."

Jan 1, 1973

OVERVIEW OF PRESENTATION ? What is LMI ? Who uses LMI and how? ? Value of LMI to the Mining Industry ? Mining Industry Workforce Information Network (MIWIN) ? The Challenge: Forecasting the future in uncertain times ? Results: Hiring requirements in the next decade ? Results: Occupational information ? Next steps

May 1, 2009

By Dave Rose, David G. Meadows, Mike Westendorf

"Copper Mountain’s concentrator was commissioned in May 2011. The circuit consists of a 34’ x 20’ EGL SAG mill, a Raptor 900 pebble crusher and two 24’ x 39’6” ball mills. Each mill is equipped with a 2 x 8500 HP dual pinion drive system. The plant was designed to process 1585 mtph of SAG feed. From startup, the mill struggled to meet the required production rates. Over time, a major initiative that involved blasting and fragmentation, optimization of the SAG mill in terms of discharge grates, ball size and slurry density, and operation of up to three mobile pre-crushing plants resulted in significant increases in throughput. In parallel, a number of modeling tools, including JK SimMet, were run based on plant benchmarking exercises. Samples collected at the mine site during ramp up confirmed the very competent nature of the ore with drop weight - A*b values of less than 24 being recorded on a variety of plant feeds and lithologies. After due consideration including demonstration of proof of concept, a new pre-crushing circuit incorporating an XL2000 cone crusher and associated screening equipment was designed, constructed and commissioned at the site in August 2014. This paper reviews the history of the original circuit design, the various optimization steps taken and impacts, together with the final pre-crushing circuit and net results.IntroductionThe Copper Mountain Mine is located approximately 20 km south of Princeton, British Columbia, Canada (refer to Figure 1). The region has a long history of copper mining dating back to 1923. The Copper Mountain camp occurs in the 'eastern volcanic belt' of the Nicola Group (Monger, 1989). It is an alkali copper-gold deposit in which the volcanic strata are intruded by early Jurassic dykes, sills, irregular plugs and zoned plutons (Woodsworth et al., 1992). The stratified rocks are relatively fresh with slight metamorphism in the local contact regions."

Jan 1, 2016

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

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

Jan 1, 2012