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By Carlos León, David Estrella, Javier Linares

"Recently, Antamina has completed an expansion program of its operations which increased the thoughput in grinding from acapacity of 109 to 130 ktpd. After commissioning, throughput could be exceeded in grinding and downstream processes but primary crushing became a major bottleneck to the overall production process.With an objective to increase the processing capacity of the primary crusher system, a multidisciplinary team was formed with members of Mine, Concentrator and Maintenance departments, who analyzed the overall context of this process restriction. The main implementations developed were: automatic discharge systems of trucks, logic to count trucks and elaboration of a daily performance report. Following implementation of developed improvements, the numbers of discharged trucks to crusher were increased from 449 to 614 units per day. As a result, the expansion target of 130 ktpd was exceeded and processing capacity was increased from 109 ktpd to 145 ktpd. This improvement adds very significant economical value for Antamina.INTRODUCTIONAntamina is a copper-zinc mine located in the Peruvian Andes. Compañía Minera Antamina is owned by BHP Billiton (33.75%), Xstrata (33.75%), Teck Cominco (22.5%), and Mitsubishi (10%). The mine was commissioned in 2001 with a capital investment of US$2.3 billion, and had a nominal 77,000 ktpd mill capacity. Mining, milling, flotation, and tailings impoundment take place at the mine site, which sits at an altitude of 4,300 m above sea level. The deposit is a polymetallic skarn ore body with intrusive phases of quartz-monzonite porphyry into Cretaceous aged limestone. Copper is present mainly as chalcopyrite with a minor bornite component. Zinc is present as sphalerite. Molybdenum is present as molybdenite. Some lead, bismuth, and silver are associated with the sulphides. The deposit is currently classified into six main ore types [Dechert, 2006], grouped into two categories: copper and copper-zinc. The mill produces four concentrate types: copper, molybdenum, zinc, and lead-bismuth. Copper and zinc, concentrates are transported by pipeline down to the port of Huarmey. Molybdenum and lead-bismuth concentrates are bagged and trucked to port."

Jan 1, 2013

By Dr. G. R. Hoey

"Abrasive wear and corrosive wear of carbon-steel grinding balls occurred simultaneously during the wet-grinding of hematite iron ore, and Ni-Cu sulphide ore, in laboratory ball mills. Two corrosion control methods, the use of corrosion inhibitors and pH control, were investigated and found to be effective means of reducing or preventing corrosive wear. Up to 50 % reduction of total ball wear resulted from the use of these methods.Corrosive wear is caused principally by the reaction of oxygen in air with the carbon-steel grinding balls, probably by the following reaction: 2Fe + O2 + 2H20 - 2Fe2 + 40H-.IntroductionA survey of corrosion problems in Canadian sulphide ore mines was completed and the findings were published in 197l(l). The corrosion survey was used to develop the present research program with the objective to find more economical and effective ways and means to reduce the corrosion that occurs in the mining and metallurgical industry. The purpose of this presentation is to review the projects being done by staff members of the Corrosion Section, Extraction Metallurgy Division, on corrosive wear and its control in wet-grind ball mills.Both abrasion and corrosion contribute to metal consumption during wet grinding of ores. The total wear of grinding media in this study is assumed to be equal to the sum of corrosive wear and abrasive wear. A great deal of research and development has been reported in the literature on ways to improve the abrasion resistance of grinding media but only a small number of studies has been reported on the corrosion resistance of conventional grinding media."

Jan 1, 1974

By K. G. Thorne, M. J. McLeod, D. Hoy

"Throughout the Paleozoic, a variety of gold depositional environments were created in the New Brunswick segment of the northern Appalachians because of the complexity of arc and continental plate collisions and subsequent erosion of the orogen. In southwestern New Brunswick, recent exploration and research has focused on deposits and occurrences that can be broadly classified as intrusion-related, generated by late- to post-orogenic felsic to intermediate plutonic rocks emplaced during the Early to Middle Devonian. This work has led to the establishment of models for gold mineralization and guidelines for exploration in this area, which might also be applicable elsewhere in the southern part of the province and, perhaps, throughout the northern Appalachians. The deposits in the vicinity of Clarence Stream in southwestern New Brunswick exemplify this deposit type, and highlight the emergence of a possible major gold district in the region. Durant le Paléozoïque, une grande variété d’environnements aurifères ont été créés dans le segment néo-brunswickois des Appalaches du nord en raison de la complexité des collisions entre arcs et plaques continentales ainsi que durant l’érosion subséquente de l’orogène. Dans le sud-ouest du Nouveau Brunswick, les travaux d’exploration et de recherche récents se sont tournés vers les gisements et les indices appartenant à la classe des gîtes associés aux intrusions, générés par des roches plutoniques felsiques à intermédiaires tardi- à post-orogéniques mises en place au Dévonien précoce à moyen. Ces travaux ont permis d’établir des modèles de mise en place pour la minéralisation aurifère ainsi que des guides d’exploration pour ce secteur, lesquels pourraient aussi être appliqués ailleurs dans le sud de la province et, possiblement, dans l’ensemble des Appalaches du nord. Les gîtes aux environs de Clarence Stream dans le sud-ouest du Nouveau Brunswick sont un exemple de ce type de gisement, mettant en valeur ce qui pourrait devenir un district aurifère majeur dans la région."

Jan 1, 2008

By W. J. Taylor, T. D. Parris

"Over 90,000 feet of raise have been bored at International Nickel underground mining operations throughout the Sudbury District since the advent of raise boring in the early part of July, 1964. With a total of 10 raise borers on hand at this time, techniques have improved steadily since introduction at INCO mines. The first unit, designed for use in rock of low compressive strength, had to be modified and redesigned to cope with Sudbury Area Precambrian rock. As equipment and boring techniques improved, a specially designed machine for larger holes was developed and is now in use. More powerful units, with a thrust capacity of up to 750,000 pounds, are under investigation. Raises have been bored up to 84-inch diameter, and the changeover to 5- and 6-foot flat reaming heads with improved cutter design has increased performance substantially. As a result, 5-foot-diameter raises have been completed to a length of 750 feet and 6- and 7-foot raises to over 500 feet. Reference is also made to the drilling of over 23,000 feet of drainage and sand-fill holes, ranging up to 7% inches in diameter, with smaller underground rotary drill equipment.Finally, a look into the future indicates the need for further improvements in equipment design to permit economic boring of 7- to 8-foot-diameter raises in Sudbury Area ground types."

Jan 1, 1972

By G. R. Morin, A. R. Leggett

"In 2010, closure of the Kidd metallurgical plants along with structural changes to the historical ratios of payable metals led to a review of the operating targets at the Kidd concentrator. Previous operating data indicated that there was potential for significant revenue improvements by lowering the copper concentrate grade. An extended plant trial was carried out in 2011 to quantify the revenue impact of lowering the copper concentrate grade from 27% to 25% Cu, as well as identifying the lower practical grade limit. Analysis of plant trial results indicated that the process change increased net concentrate revenue by $2 M to $3 M per year at current metal prices. Increased revenue was primarily associated with higher silver recovery to the copper concentrate while the marginally improved copper recovery was essentially offset by increased zinc losses and concentrate treatment and freight charges.Details of the plant test work results are discussed in this paper along with the financial analysis of the revenue improvements. Key areas covered are major revenue components of the concentrate contracts, validation of revenue improvements through plant testing and sensitivity of the improvements to market and plant variables.INTRODUCTIONThe Xstrata Copper Kidd concentrator commenced operations in 1966 treating ore from the nearby Kidd volcanogenic massive sulphide deposit in Timmins, Ontario (Thompson, Amsden, & Chapman, 1978). Over the years, up to four separate grinding-flotation divisions were in operation with throughput rates peaking at 4.5 million tonnes per year of ore in the mid 1980’s (Kelebek & Francis, 1998). As the mine production decreased and grinding throughput increased operations were gradually cut back and since 1998 two grinding-flotation divisions have been in operation treating Kidd mine ore. One of the idled divisions has been intermittently used for custom milling operations, most recently the Ni/Cu Montcalm deposit, which was milled from 2004 to 2009. Current budget throughput rates, limited by mine production, are 2.4 million tonnes per year of ore grading 1.7% Cu, 4.3% Zn and 55 g/mt Ag. Concentrate production rates are 150,000 tonnes per year of copper concentrate and 155,000 tonnes per year of zinc concentrate. The Kidd mine is the deepest base metal mine in the world with mining operations down to 9600 ft.In 2010 the copper and zinc plants at the Kidd metallurgical site, which previously treated the concentrate production from the Kidd concentrator, ceased operation due to a variety of economic and market factors. Following the metallurgical plant closures the Kidd concentrator products were shipped off site for treatment. The majority of the copper concentrate is now processed at the Xstrata Copper Horne smelter in Rouyn-Noranda, Quebec with the majority of the zinc concentrate processed at Canadian Electrolytic Zinc Ltd. in Valleyfield, Quebec."

Jan 1, 2013

By Joe Shoemaker

Automated Spot Generation ? No Operators below the Highwall ? No Operator Wear and Tear ? Reduced Swing Time ? Single and Double Sided Loading ? Minimized Bench Width

Aug 1, 2013

By Eric Low

Raising capital by issuing debt or equity is necessary in almost every corporation. In the field of corporate finance, the raising of capital is a heavily-studied topic. However, some of what is studied on this topic in corporate finance is not applicable in the mining industry. There are also many financing options that were created for the mining industry such as flow-through shares, prepaid forwards, and royalty sales. The cyclical nature of the industry makes the risk-return profile of financings more difficult to estimate than in other industries. Additionally, the methods used to assess firm value are different than other industries, as the values of orebodies are not included on balance sheets. For precious metals companies, which are a hedge against most other securities, there are additional complications with determining investor expectations and cost of equity. This thesis puts forth a decision-making framework to explain mine financing choices from the perspective of mining companies. The approach is threefold. First, all of the major equity and debt financing instruments available to mining companies are presented and analyzed. Each financing method is assessed on a wide range of criteria. Next, these concepts are applied in case studies of four companies: BHP Billiton, Barrick Gold, Teck Resources, and Noront Resources. For each company, the overall choice of financing methods is shown and analyzed. The effect of financing choices on the weighted average cost of capital (WACC) is calculated. The final section deals with case studies of individual mine finance decisions during the past two years.

May 1, 2011

By J. B. Boisvert, P. Oshust

A significant source of uncertainty in the diamond resource contained in kimberlite pipes is the volume of the pipes. Often the material within a pipe will be mined as ore, leaving the actual geometry of the pipe as a significant source of uncertainty. It is desirable to use stochastic techniques, rather than deterministic methods, to model pipe geometry because stochastic techniques generate multiple realizations that are reproducible and can be used to assess uncertainty in pipe geometry. The proposed methodology uses sequential Gaussian simulation of pierce point locations interpreted from drillholes through a kimberlite pipe. Kimberlite pipes are approximately cylindrical in shape; therefore, the data are transformed to cylindrical coordinates to facilitate the simulation of pipe geometry. Rather than using xyz coordinates to define the pierce points, z, ??and pipe radius are used. The radius variable can be simulated in z-??space to generate multiple realizations of pipe volume. Uncertainty in the volume of the pipe can then be evaluated. This methodology is demonstrated with a kimberlite pipe at BHP Billiton’s Ekati diamond mine.

Jan 1, 2008

By J. Ran

There are challenges in mining deep tabular ore deposits using the open stoping method, particularly mining remnant panels towards the end of mine life. The remnant panels have experienced stress concentration and are in the failing or post failure state causing drilling and loading difficulties, ground movement, induced seismicity and ground instability problems. As more mines are going deep, without effective ground control management, the mine production will be interrupted and equipment damage and personnel injury are likely to occur. Mining at Falconbridge Lockerby Mine located in the Sudbury Basin was concentrated in the deep zone from late 1990s to 2004. The remnant panels situated approximately from 1800m to 1920m below surface were mined in 2004 before the mine closure. These panels were in the central section of the orebody along strike. The orebody was relatively narrow ranging from 5m to 15m and steep dipping at 70o to 80o. Because of the retreat mining sequence and the mining depth, stress concentration, wall closure and seismicity had caused a number of mining difficulties. Managing these challenges was critical in achieving the mine production target without compromising personnel safety and excavation stability. A comprehensive ground control management approach was adopted to mine the remnant panels at depth. The measures taken included ground movement monitoring, understanding the movement pattern of the footwall rock and selecting appropriate support systems, analyzing seismic monitoring data and defining re-entry protocol, brow support design and restricting access. This paper presents these ground control measures and the experience gained in successfully mining the deep remnant panels at Lockerby Mine.

Apr 1, 2005

"Generation and removal of fines are considered in the context of the mill and classifier as a single-unit process in which grinding rates and mechanisms, mill residence time distribution, circulating load, and classifier performance all interact to effect the overall grinding circuit productivity. Required process design specifications are identified, and a computer assisted design procedure for application of hydrocyclones in closed circuit grinding is presented. INTRODUCTIONThe purpose of the grinding circuit is to carry out the size reduction necessary to suitably prepare material for the upgrading process(I) The desired product size specification being the d1st1nguishing criterion between the ""fines"" (smaller than desired product size) and the ""coarse"" fraction (larger than desired product size), the capability of the grinding circuit to perform its task effectively depends on the nature of two processes that are taking place;(a) size reduction of the coarse material, and,(b) removal of fines from the system."

Jan 1, 1984

By J. F. Wright

During the last three years prospecting has been active in southeastern Manitoba and a number of interesting gold, nickel and copper deposits have been discovered within an area 90 miles north of the international boundary, and extending about 40 miles westerly from between mileage 60 and 110 on the Manitoba-Ontario boundary. As known at present, two-thirds of this area of 2,000 square miles is underlain by pre Cambrian granite and granite gneiss and is not likely to contain mineral deposits of economic importance. The remaining one-third is underlain by metamorphosed sediments and lavas (greenstones), penetrated by the granite and granite gneiss and, at various localities, cut by bosses, sills, or dykes of gabbro, diorite, granodiorite, and other types of intrusives. The nickel, copper, and gold mineralization accompanied or followed the intrusion of these different rock types. The gold deposits are limited in distribution, so far as known, to the northern part of this prospecting area and occur along Manigotagan and Wanipigow rivers. These deposits have recently been described in some detail, (3) and therefore only the copper and copper-nickel deposits of the southern part of this area, along Oiseau and Maskwa rivers, will be described in this paper.

Jan 1, 1925

By A. Vien, B. C. Flintoff, R. P. Edwards

"This paper provides a critical review of the development and application of advanced controls in mineral processing at the industrial level. These algorithms can be sub-divided into four broad categories: Kalman filter, self-tuning, extended horizon, and knowledge based or expert systems. Applications from each category are described outlining the benefits derived, the relative advantages of that particular controller, and potential limitations of the controller which may inhibit their more widespread application. The paper will conclude with a description of control algorithms which are currently in the rudimentary design stage, but may hold tremendous potential for mineral processing control systems in the next decade. INTRODUCTIONThe Canadian mining industry has a large installed milling base and many plants are run with manual or low level automatic process control. The competitive pressures imposed by the market will not allow these operations to ignore the significant increase in efficiency that can be achieved through the effective application of advanced process control. These improvements will come in the form of better quality, higher productivity and reduced costs.There have been quite a number of reports of successful applications of advanced control in mineral processing applications. As this trend continues, and more of the work is documented, the technology will be more effectively transferred to process and control engineers. It is the authors' opinion that the most difficult problems facing process control are not really technical in nature. Rather, they lie more in process control education. This extends from management, through engineering to the operators.The purpose of this paper is to provide a tutorial type overview of some of the more frequently encountered advanced control algorithms. The assumption is that the reader has a superficial knowledge of this technology. In the discussions which follow, several techniques are explored within the framework of simple process examples. Industrial examples are cited for each and an evaluation of the expected longer term potential is given."

Jan 1, 1992

By James R. Wickens, David La Rosa, Robert E. McIvor, Adrian Dance

"The comminution circuit at Barrick Cortez Gold Mine uses an open circuit primary jaw crusher followed by a standard SABC grinding circuit. The grinding circuit incorporates a 26’Ø x 11’ SAG mill, an Omnicone 1560 pebble crusher and a 16’Ø x 28½’ ball mill. Both mills are driven by 4500 HP motors.In 2007, several comminution circuit studies were performed to assess circuit performance and map a course for improvement. This paper discusses the results of those studies including an analysis of mine-to-mill opportunities, grinding work index efficiency, and ball mill functional performance. Subsequently, improvements to the circuit were made to enhance operating efficiency. Specifically, improvements to the pebble crusher liner configuration, advanced process control system (expert system) and ball mill classification and ball charge are discussed. In addition, other current and future improvement opportunities are discussed.INTRODUCTIONThe Barrick Cortez property is expanding to include the new Cortez Hills open pit and underground mines. Ore from these new mines will be processed in the existing Pipeline mill facility. In conjunction with ore characterization work, performance of the comminution circuit needed to be quantified. Thus, in 2007, the comminution circuit was surveyed and opportunities for improvement identified.Figure 1 below shows the Pipeline mill flowsheet. It is a standard SABC grinding circuit using an open circuit primary jaw crusher followed by a 26’Ø x 11’ (7.92m Ø x 3.35m) SAG mill, in closed circuit with a Omnicone 1,560 pebble crusher, and a 16’Ø x 28½’ (4.88m Ø x 8.69m) ball mill. Both mills are driven by 4,500 HP (3,357 kW) motors. The SAG discharge screen aperture is 5/16” (8 mm) x 1-1/16” (27 mm) slots. Ball mill circuit classification is done with Krebs D20B cyclones."

Jan 1, 2009

By L. W. Hamel

"Two 35 foot diameter enviro clear thickeners were tested in series as CCD units from June until October, 1978. Up to shutdown in July, we ran with automatic bed level control via the level probes and underflow pinch valves. Despite extensive efforts, we were unable to eliminate the surges created between the units by the opening and closing of the pinch valves. Early in July, the best rake speed and gap setting were determined. After shutdown, the enviro clears were run by manually controlling the pinch valves. These efforts were successful.A few mechanical problems were encountered while operating the thickeners. New units should incorporate more support for the drive coupling and a rubber feed seal. A few modifications of the instrumentation control scheme will be required before the units can be fully automated. A less sophisticated automatic flocculant addition system will accomplish the desired results. Control of the underflow withdrawal via the pinch valve should be investigated further. Our best results were obtained by keeping the feed volume to the No. 1 enviro clear constant. Surges were controlled by opening or closing both underflow valves proportionately.Capacity of the enviro clears is dependent of many variables. The ore treated during the test program was much finer than that reported on in R & D Project Report 76-02. Conditions were never steady enough to determine best flocculant dosage or addition point(s). The lowest soluble losses were obtained at very high wash rates. The underflow densities drop but the soluble losses also drop. Regression equations were developed in order to assess the effect of the various parameters. Within the range studied, these equations will predict the performance of enviro clear thickeners as CCD units on Elliot Lake ores. Our results show that the enviro clear thickeners are a viable alternative to the conventional CCD thickener."

Jan 1, 1979

By W. S. Dyer

Introduction In northern Ontario, refractory clay is found on four rivers of the James Bay watershed: the Abitibi, the Mattagami, the Missinaibi, and the Moose. The clay all belongs to the same geological formation ( the Mattagami of Lower Cretaceous age) , and occurs within a structural depression or 'basin', the boundaries of which have never been defined but which appears to cover at least 1,500 square miles of territory. The recently constructed James Bay extension of the Temiskaming and Northern Ontario railway crosses the northeast end of the basin at the Onakawana lignite field, which by rail is 126 miles north of Cochrane, 605 miles north of Toronto, and 60 miles southwest of Moose Factory. Smoky Falls, the northern terminus of the railway owned by the Spruce Falls Power & Paper Company, Limited, is 7 miles south of one other point in the basin, i.e., the outcrops of refractory clay, sand, and kaolin at the foot of Long rapids on the Mattagami river. Smoky Falls is 50 miles north of Kapuskasing. In a very early report(l) , Dr. Robert Bell, of the Geological Survey of Canada, described '"light coloured marl in horizontal beds" from the Missinaibi river, and noted that the lignite also occurring in the river was probably :associated with the marls. This was undoubtedly the Cretaceous refractory day. Other early writers noted the occurrence of fire-clays, but it was not until Joseph Keele(2), of the Geological Survey, visited thee region in 1919 and studied the clays that their real significance was known.

Jan 1, 1933

By J. A. McLennan

Nickel laterite deposits are typically formed from tropically weathered mafic-ultramafic complexes. The resulting nickel concentration is found within soil horizons and is mineable with regular dozer units. At the time of mining, digging elevations are needed at selective mining units (SMUs). Moreover, for mine planning, the costs due to dilution and lost ore require mining elevations to be specified. A conditional simulation approach is used to calculate ?optimum? SMU mining elevations. Multiple realizations of the ore base surface are simulated. For a single bottom surface realization, dilution and lost ore costs are calculated over the entire vertical extent of each SMU. The optimum mining elevation is the elevation where the lowest summed cost of ?accepting dilution? and ?wasting ore? occurs. The reported SMU dilution is the cost of mining the volume of waste located below the bottom surface and above the optimum mining elevation and the reported SMU lost ore is the cost of not mining the volume of ore above the bottom surface and below the optimum mining elevation. For all ore bottom surface realizations, optimum SMU mining elevations and their associated dilution and lost ore costs are calculated and compiled to represent production uncertainty.

Apr 1, 2005

By André R. Laplante

"This presentation reviews three continuous centrifuge separators, the Falcon-C, Kelsey Jig and Multi-Gravity Separator, two units with possible synergies with centrifuges, the In-Line Pressure Jig and InLine Leach Reactor, and two centrifuge prototypes, the continuous Knelson and the Altair Jig. Typical applications, potential problems, promising synergies and general concentration mechanisms are discussed. A general discussion on the sources of information, the nature of the fluidization water flow, test work for potential centrifuge separations and the early life cycle of new technology, using centrifuge separators as an example, follows. ResumeCette présentation fait le point sur trois appareils de séparation centrifuge, le Falcon-C, bac oscillant Kelsey et Multi-Gravity Separator; deux appareils qui présentent des synergies possibles avec les centrifuges, le bac oscillant In-Line Pressure Jig et le système InLine Leach Reactor; et deux prototypes centrifuges, le Knelson continu et le bac oscillant Altair. On y présente des applications typiques, les problèmes d’opération les plus usuels, les synergies les plus intéressantes. On discute également des sources d’information disponibles pour le minérallurgiste, de l’impact du mode d’ addition de l’eau de fluidisation, de la démarche expérimentale a faire avant d’installer un centrifuge, et du cycle de développement de nouveaux équipements, en utilisant les centrifuges comme exemple.IntroductionGravity separation has undergone a renewal in the past 20 years, much of it attributed to centrifuge units. The semi-batch Knelson Concentrator has probably received the most exposure, but it is rather because of the shear number of units sold than the width and breath of its applicability. It excels at recovery very dense minerals in very small concentrations, and has become a workhorse of the gold industry. Falcon’s Super-Bowl comes a distant second, with very similar applications. A number of copycats are available, and are generically identified as “Knelsons.” This presentation will not address these units explicitly, but as possible synergies."

Jan 1, 2000

By Cardm Jeffrey W.

The decay of 222 Rn yields a series of short-lived decay products which become attached to the surface of a plate or wire exposed in a 222Rn-bearing atmosphere. The alpha-activity of two of the decay products, 218Po and 214Po, can be measured by simple counting techniques. This phenomenon may have direct application to uranium exploration. Laboratory studies have shown that: (a) radon decay products can be collected on a wide variety of materials (including various kinds of metals and plastics); (b) activity increases as a function of the surface area of the 'collector; and (c) the collection of the decay products is enhanced by applying a negative charge. The new technique was used in situ to delineate the anomaly above the South March uranium-copper occurrence. A related technique was developed to measure radium in soil samples. The results of both studies compared favourably with those obtained from conventional methods.

Jan 1, 1979

By Andrew Chapman

The scope of the SA (Situational Awareness) working group is to analyze the effectiveness of information delivery systems in mining equipment and develop a unified display design, to mitigate against the proliferation of screens within equipment cabs. This working group comprises a variety of stakeholders representing a cross-section of relevant mining and mining-related organizations. This stakeholder network will help guide the direction of the working group towards a common, mutually beneficial end. For now, the focus is on shovel displays; however it should be noted that this work is expected to form the foundation for similar work with other equipment in the future.

Aug 1, 2013

By H. Agnerian

"A survey of 925 mineral property transactions worldwide was carried out between 1987 and 2004. These mineral properties with reported Mineral Resources include 457 gold properties, 322 base metal properties, and five platinum group element (PGE) properties. Based on constant Canadian dollars, the results of the survey indicate that:• In general, unit metal values in the ground (e.g. $/oz Au or $/lb Cu) have kept pace with the changes in the respective metal prices during the period of the survey.• A general decrease in unit gold values in the ground has occurred from about $57/oz Au in 1987 to about $11/oz Au in 2002 for Canadian mineral properties, with the exception of a peak of $58/oz Au in 1996.• A similar trend for mineral properties has occurred in the United States, but with lower unit values, in the range from $1/oz Au to $10/oz Au during the last three years of the survey. • Unit metal values in the ground for gold properties in Canada were higher than for those in the rest of the world.• Unit metal values in the ground for copper properties in Canada were in the mid-range compared with other countries in the rest of the world; the United States and Australia were higher and Latin America, Asia, Africa, and Europe were lower than in Canada.• Unit metal values in the ground for zinc properties in Canada were also in the mid-range compared with other countries in the rest of the world; Latin America and Europe were higher and the United States, Australia, and Asia were lower than in Canada.• Unit metal values for nickel properties in Canada were highest compared with other countries in the rest of the world, followed by the United States, Australia, Africa, and Asia.• Gold values in the ground in Canada have ranged from 6% to 14% (with an average of approximately 10%) of the gold price.• The unit values of base metals in the ground have been in the order of 2% of the quoted metal price, during the period of the survey."

Jan 1, 2006