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By John L. Rich

A New Field for the Mining Industry A new field for the mining industry is in prospect. This is the recovery of the petroleum which has been left in the ground in the older oil fields whose yield has declined until they are no longer profitable to operate in the ordinary way. The fact that an oil field has reached the economic limit for operation by pumping does not necessarily 'mean that the oil has ? been exhausted. In many such cases not over one-fifth, or even one-tenth, of the total oil content of the field may have been taken out when this stage has been reached. This means that there exists a large reserve of oil which can be recovered by whatever process best takes advantage of the natural conditions under which the oil occurs. Mine drainage is one of the processes by which this oil may be recovered. Its relative importance will depend partly on the ingenuity and wide-awakeness of mining engineers, and on mining capital. The opportunity is undoubtedly at hand. In order that we may be in a position to judge the possible advantages of mining methods for the recovery of this oil, I have reviewed, on the following pages, the methods now in use, and have discussed the physical conditions of the reservoir rocks in which the oil is found, and the suitability of the various recovery processes, in use or proposed, in the light of these reservoir conditions.

Jan 1, 1927

By Claudia Gasparrini

"Factors affecting the extraction of gold are of a mineralogical nature. Knowledge of the mineralogy of the ore or metallurgical product to be treated, if appropriately combined with the metallurgical test work, may improve gold recoveries. .This paper outlines the mineralogical techniques f or the study of gold ores and metallurgical products and describes the gold mineralogy in relation to its metallurgy. An effective plan for studying refractory and other difficult ores, combining metallurgical test work, chemical analysis and mineralogy and capable of giving positive results over relatively short periods of time, is suggested.IntroductionFactors affecting gold recoveries are of a mineralogical nature and include (i) the gold-bearing minerals, (ii) their grain size and, particularly where the grain size is very fine (10 microns in diameter and less), (iii) their host minerals and (iv) the association these form with the gold-bearing minerals.Mineralogical studies of gold ores and metallurgical products containing gold in economic amounts (today down to 1/10 of one ounce per tonne or 2.84 ppm) are difficult and time consuming. Mostly because of such reason, metallurgical testing (test work) is usually done simply by trial and error without understanding the causes for failure or success.Mineralogical studies, if appropriately conducted and combined with the test work, provide an efficient mean s of improving recoveries through the understanding of gold losses derived from the use of the wrong technique for separation. The information they provide is therefore the first step in the development of recovery techniques, for those ores where the test work alone failed to produce positive results."

Jan 1, 1983

By M. H. Pelley

To increase drill fleet capacity and meet increased ore demands at its Carol Lake Project, the Iron Ore Company of Canada initiated a program in 1975 to convert the Gardner-Denver 120 and Bucyrus-Erie 60-R rotary drill fleet from 12 1/4-inch-diameter multi-pass drilling to 15-inch-diameter single-pass drilling. This paper will examine briefly the conversion program , including some tests and results, and examine how the utilization of the 15-inch-diameter blast-holes, coordinated by a comprehensive drilling and blasting program, has improved the drilling, blasting and drilling-plus-blasting aspects of the mine operations, from both economic and operational viewpoints.

Jan 1, 1978

By R W. Hutchinson

Cupreous pyrite deposits in Cyprus have many geologic similarities to Canadian massive sulphide copper-zinc ores as well as certain significant differences. A comparison of the Cyprus and Canadian deposits indicates a complex genetic history for the latter and suggests that their origin should be re-examined. The Cyprus ores occur in subaqueous extrusive rocks near and at the top of a Cretaceous volcanic pile or igneous complex. The rocks have not been deformed, nor have they been deeply buried or deeply eroded. Apparently the ores formed near or at surface in the top of the volcanic pile by a volcanic-exhalative process and from an ore-fluid of volcanic derivation. The Canadian deposits are of comparable composition and have similar geologic set-tings, but occur in the most ancient Precambrian rocks. Their enclosing Keewatin greenstones have, in most places, been deformed, regionally metamorphosed and invaded by granitic intrusions. Comparison suggests that the Canadian ores also formed initially near surface in ancient Keewatin volcanic complexes by a syngenetic, volcanic-exhalative process. Subsequently, during orogenesis, they were deformed, remobilized under conditions of elevated pressure-temperature and re-emplaced as epigenetic bodies into

Jan 1, 1965

By J. E. Gillespie

Introduction Mineral wool may be defined as "rock, slag, or glass fibres made by a process of melting and blowing by steam or air, containing a minimum of oil and unfiberized material" (U.S. Bureau of Standards CS 117-44). The earliest production of the material was in Wales, about one hundred years ago. In the United States, the industry daces from 1870 when a plant, using slag as raw material, was established in Greenfield, New Jersey. It was not until 1897, however, that large-scale production was commenced on this continent at a plant in Alexandria, Indiana, which utilized rock from nearby deposits. Today, mineral wool is manufactured in many parts of the United States and Canada, the plants for the most part being in close proximity to deposits of suitable rock or to sources of slag. In the United States there are some seventy-five producers with a total annual capacity of nearly one million tons of wool. In Canada, in 1946, eleven manufacturers produced about fifty million square feet of batt-type mineral wool insulation material. Mineral wool is, perhaps, the most efficient of all heat-insulating materials and, moreover, it is fireproof, extremely durable, and insect- proof. Its high efficiency is due to the very low thermal conductivity of the fibres themselves and to the fact that the produce as marketed contains up to 90 per cent non-conducting air space. Depending on the degree of compression of the fibres in the manufactured product, the specific gravity ranges from 2 lb. to 10 lb. per cubic foot. Products Marketed Following are the principal forms in which mineral wool is marketed: Blanket. - Mineral wool with or without reinforcing on one or both sides, with various types of confining media, all suitably bound together.

Jan 1, 1948

By J. W. Bawden, J. Nantel

"The mine operator has two prime objectives when he operates a mine: (l) the mine must be safe, and (2) the mine must operate with the lowest possible costs. The operator constantly faces a dilemma; if he is over cautious with regard to safety, his costs may be very high, and if he is over-zealous in trying to reduce costs, the safety of his operation may be jeopardized.Modern bulk mining methods rely heavily on high productivity non-entry stoping techniques (e.g. open stoping, VCR, etc.). Such techniques have the advantage of removing the operator from the active and sometimes dangerous mining face and ofminimizing costly development. On the other hand, this generally results in a certain loss of flexibility in following irregular ore-waste contacts. If stopes are opened too large and/or are inadequately supported, severe dilution with resulting escalating costs usually results. If initial access drift support is inadequate for latter mine induced stresses high rehabilitation costs may also be incurred.Optimization of stope dimensions should logically occur as part of a general mine rock engineering program, within the over-all mine planning context. The same program should help highlight those areas where drift rehabilitation may be a problem.Whenever successful mining is performed, rock engineering is being applied, either by design or by chance. The cost implications of planned practical rock engineering as an integral part of mine planning and design can be very significant to the ultimate mining ""bottom line"". At Noranda Minerals Inc. allowable stope dimensions are derived using a combination of numerical stress analysis and empirical design techniques. This paper discusses the use of the above techniques and their limitations as tools for rock mechanics based stope dimension optimization. The potential cost implications of such design efforts within the general mine planning context are also addressed."

Jan 1, 1989

By J. S. Fox

Major-element data for unaltered, unmineralized felsic host rocks from a number of stratigraphically simple, massive volcanogenic Zn-Cu(-Pb) sulphide deposits of low metamorphic grade have been compiled. The petrochemical affinities of these host rocks have been determined (by standard means and by discriminant analysis) and compared. This comparison indicates that volcanogenic deposits in felsic terrains are not restricted to the classical calc-alkaline rock association as previously thought, but can actually be hosted by rocks showing a range of iron content. There is a positive correlation between differentiation trend and are tenor. Zn-Cu ores usually have iron-rich felsic hosts (most Canadian Shield deposits); Pb-Zn -Cu ores have iron-poor felsic hosts (Japanese, Iberian and Tasmanian deposits). This parallels the antipathetic relationship between iron content and background lead levels evident in young, unmineralized, island arcs as well as in many older belts. Correlations between differentiation trend on one hand and massive ore mineralogy and the relative proportions of various rock type (including rhyolite, quartz-porphyry and coarse pyroclastic rocks) on the other are also evident. It is concluded that the recognition of a calc-alkaline differentiation trend cannot be used as a prospecting guide, as has previously been proposed. However, in view of the above correlations, the recognition of a given trend may aid in the formulation of an effective exploration philosophy.

Jan 1, 1979

By Wm. Snow, J. R. Wallace, E. P. Duchemin

"GeneralA NOT INCONSIDERABLE proportion of the Canadian economy is dependent on the coal mining industry. This is particularly true of the eastern portion of Canada and especially so of the ( authors') province of Nova Scotia. Much has been said about the trying economic straits of the coal industry in Nova Scotia ( 1), faced, as it is, with difficult mining problems, with considerable distance from large markets, and with •competition from other (and usually foreign) fuels. It is of particular interest, at this time, therefore, to discuss one of the larger outlets for coal -that of the production of metallurgical coke.Scope of PaperWhile the title of this paper indicates that it deals with Metallurgical Coke in Canada, the authors beg leave to treat the Canadian industry very briefly and to deal specifically with coal, •coke, and smelting problems with which they are familiar, namely, the operation of the Dominion Steel and Coal Corporation in the Sydney, N.S., area. No mention is made of metallurgical coke for use in the •many foundries in Canada or in the non-ferrons metallurgical industries.Coal and Coke StatisticsA few statistics of the total output of .Canadian coal, production of metallurgical coke, and similar figures for the Dosco holdings (Sydney area only) are shown in Table I."

Jan 1, 1955

By K. H. J. Clarke

SINCE the beginning of this century the non-ferrous mineral industry has contributed $17,809,-000,000 to the economic growth of Canada. To contemplate the vast amount of investment capital required and the resultant beneficial distribution of these billions of dollars for labour, transportation, supplies, taxes and dividends, challenges the imagination. It is the purpose of this paper, (a) to trace the development of the industry since its formative period to the present; (b) to discuss the current situation and problems; and ( c) to attempt to peer into the hazy future. Although there are 21 metals currently being produced in Canada which are classified as non-ferrous, or as alloying metals, copper, lead, zinc, nickel-the metals which will be discussed in this paper-constitute almost 60 per cent of their total value. ;The story

Jan 1, 1961

By Terence M. Gordon, Mati Raudsepp, Gregory M. Dipple

Four methods of measuring mineral abundance in a rock are examined for their potential in assaying for high-tech industrial minerals. One method uses X-ray powder-diffraction data and the other three rely on whole rock chemical data and information on mineral assemblages and mineral compositions. All four methods were employed to estimate wollastonite content in diamond drill core of skarn collected as part of an exploration program and are compared to visual estimates of wollastonite content from core logs. These techniques for assaying wollastonite span a considerable range ofaccuracy and expense, and combined, define a non-linear relationship between these variables. Accuracy increases rapidly relative lo expense up to total costs of about $50 per analysis. Assay methods in the $50-100 per analysis range have associated errors of 5-10% relative and probably suffice for most exploration programs. Improvements in accuracy above this level require a much larger investment. The most expensive assay technique (-$300 per analysis) yields the most accurate measurement of grade (relative error -1%). Its application may best be limited to periodic checks on other assay techniques and for fine-tuning ofmineral separation procedures.

Jan 1, 2001

By J. M. Cummings

CONSIPERABLE information on the industrial or non-metallic mineral resources of British Columbia has been published. For a general resume of the subject, reference may be made to a paper presented by A. M. Richmond before the Annual General Meeting of the Institute in 1935 (1). To avoid duplication, the present paper is confined to a discussion of the existing industrial mineral industry of the Province and of the factors governing its present and future development. British Columbia's mineral production in 1936 had a value approximately 15 per cent of that for the whole of Canada. Preliminary estimates for 1937 indicate that this proportion has been maintained, although the totals have increased about 25 per cent. The following table presents comparative figures, for the year 1936, illustrating the relative importance of the major divisions of the mineral industry in British Columbia and in Canada as a whole.

Jan 1, 1938

By John D. Carr

Introduction The Flin Flon zinc plant operates on what is known as the low density or standard sulphate process, that is, the zinc is carried through the plant solution circuit attached to the SO4 or sulphate radical at a concentration not exceeding 175 grams per litre zinc. The process may be described briefly as follows: The zinc is received in the zinc concentrate chemically combined with sulphur and mixed with many other impurities. The concentrate is roasted and most of the sulphur is burned to a gas, which is discharged from the plant. The roasted concentrate, or calcine as it is called, is leached with a weak sulphuric acid solution so that the resulting leach solution contains a high zinc content but a very small proportion of the impurities. The solution is separated from the solids and is purified further by agitation with zinc dust to remove copper, cadmium, and cobalt. This purified zinc sulphate solution is then pumped to the electrolytic department. The solids from the first leach are again leached, but this time with a stronger acid solution to dissolve all of the remaining zinc which is soluble in the strength of acid available. The solids and solution from the leach are then separated. The solids are stock-piled for further treatment at some future date and the solution, carrying a relatively high amount of impurities, is sent to the first leach, where the chemical action is such that the contained impurities are precipitated as solids. The electrolytic department is nothing more than a large number of electroplating cells in which the zinc is plated on aluminium sheets. Since zinc does not plate tightly to aluminium, the zinc plating or sheet is easily stripped from the aluminium and the sheets are collected to be melted and cast into the standard market bars or slabs. In the electro-deposition cells, the zinc sulphate (ZnS04) is split to metallic zinc (Zn) which plates out, and sulphate (S04) which combines with the hydrogen of the water of the solution to form sulphuric acid (H2S04). When one pound of zinc is deposited, about one and one-half pounds of sulphuric acid are formed. This acid is sent to the leaching section, where it dissolves one pound of zinc from the calcine. The solution is purified and is again pumped to the plating cells. The solution travel forms a complete circuit.

Jan 1, 1935

By John Drew Ridge

"Over the years, ore geologists have made innumerable observations as to the relationships of certain kinds of ore deposits to particular types of rocks and to the types of primary and secondary structures that these rocks contain. On the basis of these, the places in which to look for new are deposits are more clearly defined than they would be in an exploration program based largely or solely on concepts of ore genesis. This paper discusses the affinity of certain rock types and structures for such ore deposits as: (1) tin-tungsten associated with granitoid rocks; (2) lead-zinc of simple mineralogy in carbonate rocks; (3) massive base-metal sulphides in sedimentary or volcanic rocks; (4) massive base-metal sulphides and oxides at, or near, contacts with igneous rocks; (5) gold or gold-uranium in, or adjacent to, conglomerates; (6) shale- or sandstone-hosted copper; and (7) porphyry coppers. Additional varieties could be considered, but it appears that these examples are sufficient to demonstrate the validity of the suggestion that the use of observational characteristics is far more useful in mineral exploration than that of theories of ore genesis.As by-products of the theory of plate tectonics, many concepts have been put forward to explain how ore deposits of different kinds have been formed. Most, if not all, of these theories seem to be as valid as present-day information permits. However, do these ideas add to the ability of the ore geologist to find ore deposits? I doubt it, and offer reasons as to why I think so.To produce maximum results in any exploration program, the one that makes the greatest use of information produced about the geologic environment of the area being investigated is the one that will provide the greatest return in deposits found for the sponsors of the program. Such exploration is best designated as total exploration, and it certainly is the most effective way of uncovering such new deposits as may exist in the area being studied in particular and of adding to the sum total of nonfuel minerals deposits available to the industrial world in general."

Jan 1, 1983

By C. S. Gibson

"MOST of the mines in the Province of Ontario in Canada are multi-level operations in steeply dipping veins; yet there is an appreciable number whose de-posits are relatively flat-lying, ranging up to 45° inclination.The veins vary in width up to several hundred feet and may or may not be branching systems. The depths of mines range from a few hundred to 8,000 feet, approximately. The primary products of the underground group are asbestos, gold, silver, cobalt, copper, nickel, iron, uranium, talc, fluorspar, gyp-sum and salt.There are a few open-pit mines. The majority are temporary in type because, as the outcrops are removed, mining is continued be-low surface. Primary products of the open pits are copper, nickel, iron, magnesium and nepheline syenite.The industry as a whole employs about 50,000 persons, approximately 60 per •cent of whom have dust-exposure occupations. The definition of a dust-exposure occupation and the requirements for •dealing with same are set forth in The Mining Act of Ontario.Results of extensive and continuing studies on the incidence and progression of silicosis have been reported periodically for years past, in annual reports of the Mines Accident Prevention Association of Ontario and in papers presented at Conferences sponsored by Mcintyre Research Foundation of Toronto, all of which have been published. The information provided therein proves the effectiveness of the means being used to prevent silicosis and allied disorders."

Jan 1, 1960

By N. Schmalbein, L. von Ketelhodt, L. Kotelo

"The mining industry continues to remain challenged. Lower commodity prices, increasing labor costs and more importantly diminishing reserves are amongst some of the primary factors contributing to the difficulties faced. Ore sorting technologies have demonstrated their potential to improve the downstream beneficiation performance. The general processing route sees all primary crushed material milled for liberation and then processed in accordance with characteristics of the gold therein, i.e.: refractory golds would require direct leaching or oxidation whilst free gold would follow the conventional cyanidation process, after gravity concentration. Ore dilution increases the associated operating costs within each stage of this process. The opportunity to process the same throughput at a higher grade can only be achieved through pre-concentration. Sensor based sorting has been examined on numerous occasions by various gold producers. Test work carried out on different bulk low grade gold ores has shown the successful applicability of ore sorting to remove waste, whilst maintaining high recovery rates of gold. The results of a combined XRT/Laser sensor sorter have shown grade improvements of over 300% from feed grades of 0,25g/t to 1,15g/t at gold recoveries of 66% and waste ejection rates of 85%. This paper presents some of the results from the work undertaken by STEINERT with respect to gold sulphide ore sorting and presents a modelled financial scenario, which can enable a company to target and reclaim low grade ores.INTRODUCTION The mining and minerals processing industry presents with many different challenges including, volatile commodity prices, increasing labor costs and more importantly diminishing reserves. Conventional processing routes will continue to play a crucial role in the beneficiation process, however innovative methods of reducing operating costs and optimizing on the overall circuit performance is where technologies such as sensor based sorting come into the fore. Sensor based sorting as a dry mechanical process not only reduces water consumption by eliminating unnecessary waste but also reduces the requirements for reagents in the downstream processes. Sensor based sorting under dry conditions presents a highly efficient alternative to wet pre-concentration methods such as dense medium separation (DMS)."

Jan 1, 2017

By C. H. Hopper

DIAMOND drills have played an important part in the development of mines for many years. Recently. they have also entered the production field arid the use of diamond drills m the primary breaking of ores has become a big branch of the industry. The writer has estimated roughly that the total diamond drilling in Canada during 1942 was 5,625,000 feet, of which 2,250,000 feet, or 40 per cent, was for blast-holes. This accounts for 6,750,000 tons of ore broken, using the conservative factor of 3 tons per foot of hole. Many consider that the use of diamond drills for blast-holes is the most important advance in mine practice of the past decade, and the industry owes a great deal to the staff of Noranda Mines, Limited, for the pioneering they have done in the development of long-hole mining methods and for publishing their results. A great many mines have followed Noranda's lead. At the Waite-Amulet, Aldermac, Flin Flon, Canadian Malartic, Hoyle, and Matachewan Consolidated mines, most of the ore is broken by long-hole blasting. While the mines were developing new methods, the diamond-drill industry was developing mechanically-set bits and better machines. Through the effective use o smaller, cheaper diamonds, as well as more efficient setting, bit costs per foot are only one-half what they were ten years ago. Few people realize that a diamond bit is relatively inexpensive. The common EXT coring bit, for example, contains some 200 small diamonds, weighing altogether about 2.70 carats which, at $3.40 per carat, cost $9.20. After use, the equivalent of about 100 of these diamonds may be recovered. Therefore the true cost of the bit is only $7.00, made up of $4.60, the cost of the diamonds lost, $2.00 for setting, and $0.40 tax. The trend in machines has been toward specialization for the different classes of rock in blast-hole work. Light, high-speed machines have been developed for soft ores and higher powered machines for hard ores.

Jan 1, 1943

By Mark W. Booth

THE Dominion Steel and Coal Corporation, as a coal mining concern and as a steel industry, has much pumping to do, and the conditions are as varied as it is possible to make them. We are faced with handling large quantities of water at low heads, and small quantities of water at high heads. We have fresh water, we have salt water, and we have highly acidulous water (see Table II). Our pumping problems are concerned chiefly with mechanical reliability, continuous, reliable operation, first cost, and operating cost. The Corporation is actually expending more than 15 per cent of its power consumption at the mines in pumping water, and at the steel plant about 17 per cent; that is to say, 16 per cent of the Corporation's entire power consumption goes into pumping water ( see Table I). We are pumping out of the mines 2 ½ tons of water for every tan of coal that is produced. At the Steel Plant, we are pumping 188 tans of water for every ton of steel we produce. (See Tables III and IV). The mine is pumping at high heads, up to as high as 1,400 feet in one lift ; in the Steel Plant it is, fortunately, at lower heads, 250 feet or 110 lb. being the general maximum. It behooves us, therefore, to look into the question of efficiency. In whatever direction we can gain something, it will be worth while. The centrifugal pump is not an adaptable machine. That is, a pump designed for some particular location and purpose will not always work efficiently if installed in some other place and used for some other purpose. It must generally be designed for the particular job it has to do. Reciprocating pumps are not so sensitive. We have Cameron plunger pumps that can be set up almost anywhere in a mine and they will work, but for big jobs they are apt to be clumsy and the driving power becomes a factor- which is, in fact, the controlling factor in deciding the type of pump we use. One disadvantage of the a.c. induction motor, however, is that its speed cannot easily be controlled. At its rated speed and output, it is a highly efficient machine, but, with any change in these, its efficiency goes all to pieces.

Jan 1, 1944

By Peter Price

Introduction The Horne mine, the property of Noranda Mines, Limited, has in the last six years become one of Canada's leading gold and copper producers. Since the smelter was blown-in during December, 1927, up to the end of 1933, it has produced approximately 1,200,000 oz. of gold and 35O,OOO,OOO lb. of copper. The property is situated within an area occupied entirely by pre-Cambrian rocks and characterized by the complexity of rock types and structures common in such terrain. But apart from this the mine also presents other features of unusual interest in the size, number, and variety of the ore-bodies, the mineralogical associations, and the rather exceptional values both in gold and copper. It is not surprising, therefore, that a study of the geology of the mine should bring to light many interesting problems. The present paper summarizes, as concisely as possible, the results of such a study. Actually, it is a much abridged version of a more comprehensive and detailed paper completed by the writer a year ago (1), but embodying certain corrections and additional data made possible as a result of further development at the mine and of field work carried out during the summer of 1933. Owing to limitations of space, the paper is, in the main, a presentation of conclusions arrived at in the course of the study. Much of the supporting evidence cited in the thesis referred to has, of necessity, been omitted here.

Jan 1, 1934

By G. F. Raymond, W. P. Armstrong

"At the time of this study, the Valley mine was producing 23 000 tonnes of ore per day from a large, low-grade porphyry copper orebody. Sulphide mineralization, principally bornite and chalcopyrite, occurs in a stock work of quartz veins in one phase of the Guichon Creek batholith. The property was explored from 1967 to 1982, and was placed in production in 1983.Using a three-parameter lognormal approximation developed by G.F. Raymond at Similkam een and Mount Isa Mines, a geo- statistical conditional probability ore reserve was estimated prior to mining. Comparisons with blasthole kriging and milled ore for the first 17 months of production showed close agreements at all cut-offs between conditional probability estimates and mineable ore. This was not true of either kriging or polygon estimates. An important part of this work was identifying and correcting for bias in both exploration and blasthole samples.IntroductionCominco's Valley lake deposit is a large, low-grade, porphyry copper orebody in the Highland Valley of British Columbia. Total indicated plus inferred ore reserves are 700 M tonnes at ore grade of 0.47070 Cu. At the time of writing, ore milling is at a rate of 23 000 tI d through the old Bethlehem mill. Mining is in 10m horizontal benches using 9.8 m3 shovels and 90 tonne trucks. Since this paper was written, Valley and nearby Lomex have been combined into Highland Valley Copper with a combined oreproduction of about 120 000 tI d.Copper mineralization, principally bornite and chalcopyrite, is regularly distributed throughout the deposit as disseminated low-grade within a granodiorite host rock, and as higher grade veinlets within a stock work of near-vertical quartz veins generally 10 cm or less in width. It is likely that problems with sample variability and sample bias are mainly related to mineralization within quartz veining. Valley geology has been described in detail by Allen and Richardson and by Osatenko and Jones (2). The exploration sampling program and identification of diamond-drill sample bias have been discussed by Armstrong and Newman'»."

Jan 1, 1988

By C. Kunze

ABSTRACT Although closure sureties cover works that are carried out during the existence of a mining company, certain liabilities are not known when the surety is established and become apparent only in a late stage of the closure phase, or even after the site has been relinquished. This paper supports the concept that these financial risks lend themselves to insurance solutions. Making insurance for unknown liabilities mandatory while defining unambiguous legal conditions could create a viable market for insurance products, provide a sufficient statistical basis for the calculation of premiums, and reduce costs.

Jan 1, 2013