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By Lawrence Devon Smith

"The concept of risk is well established in the mining industry. It is acknowledged when estimates of reserves are expressed as proven or probable, when mining and metallurgical recoveries are applied to the ore, and when contingencies are added to costs. However, it is difficult to provide a quantitative assessment of risk. The significant sources of risk in a mineral project and how these are addressed in project evaluations are discussed. The discount rate is examined as a fundamental means of reflecting risk in discounted cash flow evaluations. Current industry practice is discussed, and a methodology for the analysis of risk levels is proposed that assesses the constituent components of the discount rate: real interest, mineral project risks, and country risk.IntroductionThis paper examines the components of the discounted cash flow discount rate and proposes a method of estimating project-specific discount rates. The motivation for this work comes from experience of project evaluations in which owners and purchasers had agreed on virtually every aspect of the evaluation except how much the project was worth. Agreement was reached on reserves, grad~, recovery, capital costs, operating costs, taxes, and, by combining these components, even on the fmal cash flow values. The only difference in opinion concerned the discount rate to be used in the calculation of the net present value. Depending on the life of the project, such differences of opinion can cause a variation of more than 50% in the value placed on a project! This is illustrated in Figure 1."

Jan 1, 2003

By Paul Guliov

Preliminary investigations of stone resources were conducted in the La Range, Johnson Lake-Pelican Narrows-Deschambault Lake and Creighton-Amisk Lake regions of Saskatchewan. The work identified a rich variety of accessible, attractive and technically promising stone resources. Ordovician dolomites in various combinations of red, buff, yellow, grey and purple are very dense and take a very good polish. These are classified as marbles in the industry and some rival the famous marbles of Verona, Italy. A wide variety of attractive granites have been identified. Among these is a jade green stone (charnockite) and ornamental banded granites (gneisses). A dark greenish to black stone (amphibolite) with white and red veining resembles the well-known Verde Antique variety of Vermont and Italy and surpasses it aesthetically and in engineering properties. Some of these stones have been displayed at Canadian and United States expositions where they received an enthusiastic response from the international stone industry. More detailed evaluation and test quarrying of promising deposits are required. Such work could be rewarding to the industry as some stone varieties in the province have the potential for gaining international markets.

Jan 1, 2001

By W. G. Miller

An overall study was conducted to evaluate the properties and processes influencing the rate and magnitude of consolidation for oil sands fine tailings produced using different extraction processes. As part of this overall study, consolidation tests using slurry consolidometers were carried out for caustic and non-caustic fine tailings. The influence of a change in bitumen extraction process (caustic versus non-caustic) on consolidation properties, namely compressibility and hydraulic conductivity, was determined, as was the effect of adding a coagulant (calcium sulphate [CaSO4]) to caustic fine tailings. For fine tailings originating from two different oil sands ores (Ore A and Ore B), results were presented in terms of variation in average void ratio with time (settlement), void ratio with effective stress (compressibility), hydraulic conductivity with void ratio and coefficient of compressibility and hydraulic conductivity with sodium adsorption ratio. Findings indicated that chemical characteristics of fine tailings (water chemistry, degree of dispersion) do not have a significant impact on their compressibility behaviour and have only a small influence at high void ratio (low effective stress). The biggest advantage of non-caustic fine tailings and treating caustic fine tailings with coagulant is an increased initial settlement rate and slightly increased hydraulic conductivity at higher void ratios. Thereafter, compressibility and hydraulic conductivity is governed by effective stress.

Aug 1, 2010

By W. G. Miller, J. D. Scott, D. C. Sego

An overall study was conducted to evaluate the properties and processes influencing the rate and magnitude of consolidation for oil sands fine tailings produced using different extraction processes. As part of this overall study, consolidation tests using slurry consolidometers were carried out for caustic and non-caustic fine tailings. The influence of a change in bitumen extraction process (caustic versus non-caustic) on consolidation properties, namely compressibility and hydraulic conductivity, was determined, as was the effect of adding a coagulant (calcium sulphate [CaSO4]) to caustic fine tailings. For fine tailings originating from two different oil sands ores (Ore A and Ore B), results were presented in terms of variation in average void ratio with time (settlement), void ratio with effective stress (compressibility), hydraulic conductivity with void ratio and coefficient of compressibility and hydraulic conductivity with sodium adsorption ratio. Findings indicated that chemical characteristics of fine tailings (water chemistry, degree of dispersion) do not have a significant impact on their compressibility behaviour and have only a small influence at high void ratio (low effective stress). The biggest advantage of non-caustic fine tailings and treating caustic fine tailings with coagulant is an increased initial settlement rate and slightly increased hydraulic conductivity at higher void ratios. Thereafter, compressibility and hydraulic conductivity is governed by effective stress.

Jan 1, 2010

By C. L. Popp

The scope is to address issues confronted by parties in the mining industry such as: Mine planners, survey and engineering departments, field teams and subcontractors. Describing approaches and best practices for assembling a project team to identify and create modeling requirements and to implement beneficial results. 3D Machine Control and Guidance tools continue to reduce project risk and attract quality resources with skill sets new to the earthmoving industry. These tools increase production, reduce rework and help with government permitting.

May 1, 2013

By Henrik Saxén, Mikko Helle, Hamid Ghanbari

In this study, a process integration approach in a primary steelmaking is investigated to evaluate future operation concepts of a steelmaking site considering sustainability issues. Mathematical programming is used to study the integration of the steel plant with chemical units for utilization of available off-gases in the system, and carbon capturing and sequestration unit. Different industrial carbon utilization options are considered to find the best route of development. A multi-period optimization model is developed based on site-wide mass and energy balances by considering the availability of the fuels and by-product gases and their consumption in the production system and a conceptual polygeneration system. The objective is to reach maximum economic profit while environmental aspects of integrated system are considered for different fuel systems, alternative blast furnace reductants and implementation of new process technologies. The model can provide useful information concerning techno-environmental and economic aspects for decision-making and can estimate optimal operational condition of current and future primary steelmaking under alternative scenarios. The results of the work illustrate the potential to develop steelmaking towards more sustainable operation in the future.

Jan 1, 2015

By J. E. Gill

"The name 'Canadian Shield' is used for a vast area; largely in northeastern; Canada; underlain by Precambrian rocks. The part in Canada has an area; of about 1; 790; 000 square miles. Extensions in Greenland; Labrador; Newfoundland; and the United States bring the total area to around 2; 800; 000; square miles. The boundaries of the Canadian part are shown in Fig. 1.; At its margins; the Precambrian rocks can be seen at many places to; extend beneath a cover of flat-lying Palxozoic or later sediments. Information; from borings in the Plains and natural exposures in mountain-built belts; show that similar rocks form a large part of the continental platform. The; Shield; therefore; is a large exposure of what may be regarded as the foundation; of the continent."

Jan 1, 1954

By R. Matusewicz

The key drivers for the copper smelting industry are a complex mix of economic and "human" factors which combine to drive technology in new directions and can provide a strong indication of future industry trends. Recent examples have been the drive to achieve increased scale of production and resultant cost efficiencies by using a single furnace high intensity smelting vessel, and the broad acceptance of Top Submerged Lancing (TSL) technology for this duty. The development and adoption of continuous converting processes to counter the increased pressures faced by the Peirce Smith converting process is another example of the need for innovation. This paper discusses the merits of the continuous converting process, describes how the Ausmelt TSL batch converting process has been adapted to the new Ausmelt Continuous Copper Converting (C3) process in response to these industry trends and examines the Ausmelt continuous converting flowsheet options available to the end user.

Jan 1, 2007

By R. D. Mollison

"Ecstall Mining Limited was formed to operate the Kidd Creek mine, discovered by Texasgulf Incorporated in 1961 the orebody is geologically very complex, containing rich values of zinc, copper, silver and lead. The first phase of the operation involved an open pit, railroad and concentrator complex, which was under construction in 1965 and began operations in late 1966. The open pit, with rim dimensions of 2,000 by 1,000 feet, was computer-designed and highlights excellent wall control and efficient ore extraction and grade control. The railroad was built over the worst type of muskeg country, but it has been well maintained, resulting in an uninterrupted supply of ore in the trains. The 10,000-tpd concentrator, located 17 miles from the mine, is highly instrumented and automated. It features computer control of reagents and, in addition to the copper, zinc and lead flotation circuits, has a modern gravity tin plant. The concentrator is large, because very fine grinding is required for good metallurgy and nearly 2,500 tons per day of concentrates are produced. In 1969, work was started on the underground mine to take over from the open pit; it began partial production in mid-1973. The mine is highly instrumented, has a ramp from surface, a high-production shaft, an underground gyratory crusher and an efficient orehandling system, and employs the latest mining techniques. The electrolytic zine plant, rated at 120,000 tons of slab zinc per year, started operation in April, 1972, with batch leaching and purification circuits. It has been converted to continuous leaching and is now in the process of converting to continuous purification. Further modernization and automation will be carried out in the next few years. Five service departments support the five operating departments. These are maintenance, engineering and technical services, geology, administration and employee relations. How these ten departments function and work together using the most advanced technology to produce an efficient operation is the main theme of the Ecstall Story."

Jan 1, 1974

By John Plecash

This paper comprises a general outline of all of the developments, including the history, geology, mining, milling, power and transportation installations, at the gold mining operation of La Luz Mines Limited and the copper mining operation of its wholly-owned subsidiary, Rosita Mines Limited, both located in north-central Nicaragua. The low-grade, gold-bearing ore-bodies of La Luz Mines, contained in highly fractured and folded Lower Cretaceous sedimentary rocks, were from 1909 to 1928, mined and treated by primitive methods by the La Luz and Los Angeles Mining Company. The abandoned property was acquired by La Luz Mines Limited in 1936, and was equipped with modern machinery and put into production in 1939. Between 1939 and 1948, the daily rate of production was in-creased from 300 tons per day to 2,-000 ton per day. The ore reserves available for open-pit mining were depleted in 1954. Since then, the entire production has come from under-ground operations.

Jan 1, 1963

By Marie-Eve Boucher

The slag in iron ore pellets allows wet sintering during firing and leads to suitable bounding. The process of slag formation differs whether it takes place in the core or in the external zone of a pellet. In the core, hematite can be reduced to secondary hematite, depending on the temperature and on the carbon monoxide/dioxide partial pressure ratio. The reaction rim that appears at the outskirts of a silica particle in contact with the FeO bearing magnetite is considered as the slag precursor in the core of the pellet. By contrast, in the external zone of a pellet, where O2 is available and CO partial pressure is very low, the first step towards slag formation is flux decomposition, mainly dolomite and limestone. The CaO liberated through this reaction will be available to react with hematite by solid diffusion to form calcioferrites, which play an active part in the slag evolution process. These two slag formation paths will be explained.

May 1, 2007

By H. E. Grier, H. H. Aronson, H. F. Coffer

"Nuclear explosions are currently being planned for use in oil and gas production, the recovery of oil from oil shale, gas storage and copper leaching. The current status of each of these projects is discussed, with emphasis on the economics of each application. The first commercial application of nuclear explosives will be in gas stimulation. Project Gasbuggy will be rapidly followed by two additional shots, also related to gas production. These three events, each in a different formation, will be described in this paper with a discussion on their significance to the world's oil and gas industry. The use of nuclear explosives in oil and gas stimulation should be a standard accepted practice within a few years. Calculations based on explosions in media such as tuff, alluvium, granite and dolomite predict large increases in productivity when nuclear devices are used in tight, thick formations. The broken-up rock resulting from the explosion becomes the new well bore, with a production rate of six to twelve times that of a normally completed well.Also included in the paper is a discussion of the real or possible problems associated with nuclear explosive engineering. The only major foreseeable problem is the seismic shock wave. This limits the size of explosive which can be used near important surface structures. A discussion is included on the radiation problem, which we believe to be largely psychological in the case of contained explosions."

Jan 1, 1968

By Mike Dry, Rod Dry

If humanity is truly serious about reducing emissions of carbon dioxide into the atmosphere, today’s power plants burning fossil fuels will have to be replaced by power plants that do not emit CO₂. Unless carbon capture/sequestration becomes practical, the new power plants will be hydroelectric, wind, solar or nuclear installations. Hydroelectricity requires the appropriate geography. Solar installations can only deliver power as and when sunshine is available, and wind installations when the wind blows. Therefore, power from these sources will be intermittent, but the demand for electricity does not follow the patterns of sun and wind. That will require large-scale electricity storage and/or load following by the remaining power suppliers, increasingly so as the use of fossil fuelled power generation declines. Modern nuclear power plants are designed for demand following. However, operating at lower than design output has a negative impact on the economics of nuclear power plants because the overall cost of the electricity they generate is dominated by capital cost. Primary (blast furnace) iron smelting is responsible for a significant part of global CO₂ emissions because the reagent used is carbon. Were it available in sufficient quantity (and at a low enough cost), hydrogen could replace carbon in the manufacture of raw direct reduced iron (DRI), using technology such as modified HYL (Tenova Hyl, 2018) or Midrex (Ravenscroft, 2017). This paper examines a scenario in which, instead of demand following, nuclear power stations are operated at their design capacities and surplus power is used to generate hydrogen in off-peak periods. This hydrogen is then used to replace carbon in the manufacture of raw steel.

Jan 1, 2020

By Rick Valenta

Is the Labrador Central Mineral Belt part of the IOCGU Club? ?I sent the club a wire stating, PLEASE ACCEPT MY RESIGNATION. I DON'T WANT TO BELONG TO ANY CLUB THAT WILL ACCEPT ME AS A MEMBER.? GrouchoMarx Acknowledgements ?Ian Dunlop, Matt Lennox-King, Mark O?Dea, Dave Barbour, Derek Wilton, Lucas Marshall, Roland Butler, Mark King, Sally Howson,

May 1, 2006

By M. M. Williams

WESTERN CAN ADA'S coal industry has experienced a serious set-back since 1949, following a pattern well known to its counterpart in the United States. The loss in coal markets in Western Canada has been particularly severe as the discovery of large reserves of oil and natural gas and the subsequent construction of re-fineries and pipelines roughly coincided with the dieselization of both main railways. While the coal industry will have to face a further decline in markets of long standing, others with a large growth potential can be se-cured if present marketing methods are changed where needed and if fundamental and applied research programmes are actively pursued. The energy and chemical potential of Western Canada's coals will eventually find their place in the ever-growing needs of industry and electric power producers. Electric power generation would appear to offer the largest and most immediate market for coal. If the coal industry is to serve this market adequately and gain as much of it as possible, coal operators ? must have a good knowledge of certain characteristics -of the electric utility industry and its fuel requirements. This paper is prepared primarily to set out some of these characteristics, but also discusses other probable markets for coal.

Jan 1, 1958

By B. R. Boardman

Project Environmental Approval is a multi-faceted issue. From a mining perspective, it is a costly item because of avoidable time delay. The government perspective is that the approvals are a necessary part of meeting departmental requirements to ensure that the wellbeing of other uses of the environment is maintained. This paper outlines some of the problems inherent in the environmental approvals process and makes recommendations to both the proponent and government about improving the efficiency of the process.

Jan 1, 1978

By Trevor R. Ellis

"The valuation of mineral properties in the U.S. is only partially regulated. The regulations which have jurisdiction or impact appear to have such mainly as a consequence of unintended fallout, since the regulations were designed for other purposes. Court case history can also be important. The combined results are a mixture of bad and good, with important lessons to be learned.Since 1981, the Securities and Exchange Commission has prohibited U.S. listed companies from reporting quantitative estimates of mineralization and the value of mineralization, other than proven and probable reserves. This results in the minerals appraiser (valuator) working with a shortage of data in his everyday work, both on the subject property and in sales analysis.Between 1989 and 1995, all 50 states and essentially all Federal agencies adopted the Uniform Standards of Professional Appraisal Practice (USPAP) for real property appraisals (valuations). The major national appraisal societies also require their members to abide by USPAP. A significant portion of minerals appraisals must now follow these standards. This paper will discuss the content of USPAP. It provides a very good framework for the valuation of a minerals property or a mine, both as real property and as a business. However, the credentialing standards for real property appraisers are now prohibitive for minerals appraisers."

Jan 1, 2003

By K. K. Dehn

This study focused on determining the stability of thin shotcrete fill fences at a hard rock mine in northwestern Ontario during increased pour rates of paste backfill. Determination of the stability of the fence is needed for both personnel safety and to avoid failure of a fence. Failure of a fill fence during backfill activities would have severe impacts on production and potential hazards to nearby workers. Approved fill fences at the mine are a slender design of 10.5 centimeters of shotcrete applied to a rebar framework with burlap lined ?bedspring? backing. Approved mine standards dictate that fill rates may not exceed 1.5 meters of paste depth per 10-hour shift when pouring behind a flat fill fence. To decrease the backfill cycle time the study looked at fence stability during increased pour rates of 2.5 meters paste depth poured within a 10-hour shift. An instrumentation design was developed including pressure cells, strain gauges, and tilt-meters that were built into experimental fences to observe the effects of increased pour rates on lateral wall pressures, strain development in the rebar and shotcrete reinforcement, and physical deformation patterns along the face of the fence. The data was analyzed for overall stability.

May 1, 2007

By A. G. Storey, J. B. W. Bailey

"The Noranda Process at the Horne Division ofNoranda Mines Limited now smelts approximately 350,000 short dry tons of concentrate a year, which is 40% of the total smelter throughput. Campaigns are averaging 200 days and refractory consumption is much lower than in the conventional smelter.In this paper, details ofrecent operation are given, together with updated projections for operation with higher levels of oxygen enrichment.IntroductionThe Noranda continuous smelting process has been in operation at Noranda, Quebec, for six years and in that time it has smelted a million and a half tons of concentrate. It is currently smelting 1,200 to 1,250 tons per day of concentrate on an instantaneous basis"" and it is handling approximately 40% of the Horne smelter throughput.This paper will describe the current operation of the process and the improvements that have been made since 1976, when the process was described by L.A. Mills et al.lSince early in 1975, a high-grade matte averaging 73% copper has been produced, which is then sent to the converter aisle for final treatment. All the information in this paper refers to the operation of the process in the matte mode .Early in 1978, Kennecott Copper Corporation started up their new smelter near Salt Lake City, Utah , which has three Noranda Process reactors operating with high oxygen enrichment of the tuyere air (2). These furnace s incorporate some design improvements, which will be described briefly."

Jan 1, 1980

By C. Turek, R. Henderson

Mine planning is the foundation of value for a mining company. Good mine planning requires solid understanding of the ore body, rigorous standards and processes, robust and useful information technology and skilled people. Life of mine planning is key to identifying strategic direction for any mine and short range mine planning is key to delivering forecast and budget expectations. Mine planning at Kinross has been identified as a critical success factor and initiatives are being prepared to improve the quality of our plans and to build bench strength in our teams. The Kinross Way for Mine Planning (KWMP) has been developed and implemented to establish the standards to ensure a strong business foundation. This paper briefly describes the process used to develop the KWMP and presents a selection of mine planning best practice initiatives at Kinross mines.

Jan 1, 2011