Search Documents

By J. S. Edwards

The ISASMELT? process is recognized worldwide as a modem, flexible, environmentally-friendly and low capital cost smelting technology. Due to the inherent simplicity, and the advanced process control that has been developed, personnel become competent within weeks of being introduced to the ISASMELT? technology. This compares with the years required to become proficient with alternative technologies. Copper smelters in Australia, USA, India, China, Peru and Zambia have installed ISASMELT? technology under licence from Xstrata Technology. In the secondary copper business, plants in Belgium and Germany are processing copper and/or lead materials in ISASMELT? furnaces in a two stage process. In a single furnace smelting is followed by converting. Both plants have exceeded design capacities and are continuously improving their performance. The next evolutionary step for the technology is the implementation of the continuous copper converting process on a commercial scale. The present work describes the design status of the continuous converting process - ISACONVERT?.

Jan 1, 2007

By S. N. Dixon

"Maximizing the value of each tonne of processed ore is the goal for all operations. Cyanidation processing of gold-copper ores has been challenging since its first use in 1889. The current practice treats a bleed or the total flow of mill solution to recover copper as copper sulfide (by sulfidization, acidification, recycling, and thickening), or to recover the cyanide (by acidification-volatilization neutralization). The process presented uses the adsorption of copper cyanide by carbon and the selective elution of copper from carbon to concentrate copper into a smaller stream. Copper contained in the smaller stream is precipitated as copper cyanide.RÉSUMÉ Toutes les exploitations ont pour objectif commun d’optimiser la valeur de chaque tonne de minerai traité. Depuis sa première utilisation en 1889, la méthode de traitement par cyanuration des minerais aurifère et cuprifère s’est révélée complexe. La pratique actuelle traite la saignée ou le débit total d’une solution de traitement du concentrateur pour récupérer le cuivre sous la forme de sulfure de cuivre (par sulfuration, acidification, recyclage et épaississement), ou pour récupérer le cyanure (par acidification, volatilisation et neutralisation). Le procédé présenté dans cet article utilise l’adsorption sur charbon actif de la solution de cyanure de cuivre et l’élution sélective du cuivre depuis le charbon pour concentrer le cuivre en un plus petit jet. Le cuivre contenu dans ce plus petit jet est précipité sous forme de cyanure de cuivre.INTRODUCTIONProcessing gold-copper ores by cyanidation has been a cost-control challenge since the cyanidation process was first used in 1889. Copper cyanide is stable only in the cuprous state, not the cupric. This factor results in the oxidation of a mole of cyanide per mole of nonchalcocite copper extracted. Each mole of copper extracted forms a cyanide complex with a minimum of 3 mol of cyanide. This cyanide-to-copper mole ratio is required to dissolve gold. The oxidation of cyanide and copper complexation with cyanide results in high cyanide consumption for copper-gold ores, which is a significant operating cost.One challenge in processing gold-copper ore is the cost of cyanide related to the extraction of copper. Processing 10,000 t/d of ore containing 1,000 mg/kg copper and 10% copper extraction yields 1,000 kg/d of copper. Currently, processes to remove copper from cyanide leach solution treat either the total flow of the barren or a bleed of the barren. The two processes used for copper-gold ores are sulfidization, acidification, recycling, and thickening (SART), which produces a copper sulfide product for sale; and acidification- volatilization-neutralization (AVR), which recovers the cyanide from a gas and produces a low–cyanide content solution. This low–cyanide content solution can be recycled to the process or might require additional treatment before being disposed from the operation."

Jan 1, 2017

By C. Doyle, J. Brennan, C. Díaz, J. Hrepic, K. Cushnie

"In 1991/1992, INCO undertook a successful R&D program aimed at extending the lining lives of the top blown rotary converters (TBRCs)at its Copper Cliff Nickel Refinery (CCNR) and the electric furnace at INMETCO. At the laboratory scale, this effort was divided into three phases. In the first part, mineralogical work was performed on six refractories that were either currently being used to line these vessels or were considered suitable alternatives. In the second part, this mineralogical knowledge was used to help determine the compositions of slags that would not corrode the bricks at the operating temperature (1600°C) of the above furnaces. Finally, several important properties of the six refractories were measured to complete their evaluation as candidate linings. This paper reports the results of all three phases of the laboratory scale R&D work.The mineralogical work showed that rebonded fused grain magnesite-chrome (RFG-MC) bricks consist principally of periclase with minor amounts of free chromite and trace quantities of silicates monticellite and sometimes olivine. The bricks are principally held together by periclase-periclase direct bonding. Of note, the bulk of the chromite exists as exsolved precipitated blebs within the periclase grains. These likely redissolve at high temperature.Slags on the periclase liquidus coexist stably with these refractories. Examples are presented using CaO-MgO-Al2O3-SiO2 slags at~1600°C.Finally, the two refractories manufactured using close to 100% fused grain material generally outperformed the others in terms of physical properties and certainly were superior in their resistance to slag penetration damage."

Jan 1, 1997

By Mostafa Benzaazoua, Emilie Ré, Raphaël Mermillod-Blondin, Hassan Bouzahzah, Jean-François Wilhelmy, University of Québec in Abitibi-Témiscamingue

"We analyzed two copper and lead flotation concentrates from the LaRonde mill using MLA technology (Mineral Liberation Analyzer) to identify the contaminants and to quantify their size and liberation. The MLA mineral quantification was compared with traditional mineralogical techniques (Scanning Electron Microscopy, Optical Microscopy, X-Ray Diffraction and Chemistry). The accuracy of MLA data was then quantify in application to metallurgical decision (mineral identification, mineral quantification, particle sizing and liberation quantification). We prepared five well-known materials from pure minerals and analysed them by MLA. MLA concentrates analyses showed the lead concentrate is mainly contaminated by pyrite and sphalerite. These minerals are liberated above 70 % and present a floatable size around 15 to 35 µm. Surface activation by dissolved lead from galena is therefore assumed for these contaminants. The analyses of the known samples show that mineral quantification and size distribution given by the MLA are consistent with the chemical analyses and the laser particle sizer. The liberation measurement is affected by the stereological effect. Modelling quantifies the overestimation of the particle liberation. Based on the modelling, the stereological shift on liberation should not impact metallurgical conclusions on the concentrate contaminations.INTRODUCTIONTo face the diversity of mineral processing challenges, the process mineralogy includes phase quantification, measurement of mineral size, liberation by exposure and by grade, association, surface contact proportion and texture. In the last decades, two SEM commercial tools emerged: MLA and QEMSCAN R. Both are based on specific combinations of backscattered electrons and X-ray images as well as image analysis routines developed at CANMET (Petruk & Pinard, 1976, Petruk, 1989), CSIRO (Frost, O'Hara, Suddaby, Grant, Reid, Wilson & Zuiderwyk, 1977, Reid, Gottlieb, MacDonald, & Miller, 1984) and JKMRC (Hall, 1977, Gu & Sugden, 1995). Recently, TIMA (TESCAN) and Mineralogic MiningR (ZEISS) supplied automated mineralogy for mining industry (Bouzahzah, Benzaazoua, Graham & Cropp, 2015, Gottlieb & Dosbaba, 2015a). In parallel, home-made routine were developped to resolve mineralogy challenges in mineral process but also in geometallurgy and mining environment (Kahn, Mano, & Tassinari, 2002, Knight, Klassen & Hunt, 2002, Mermillod-Blondin, Benzaazoua, Kongolo, de Donato, Bussiere & Marion, 2011, Hunt & Bradshaw, 2015). SEM mineralogy become essential to operation by setting units on mine sites (MacDonald, Latti, Adair, Bradshaw, & Dunn, 2011, Goergen et al., 2013, Dobbe et al., 2014, Gottlieb & Dosbaba, 2015b)."

Jan 1, 2016

By L. Paulino, R. A. Camilli, J. Yamamoto, J. C. Araujo

The first paper presented on this work [1], showed how bath ratio was increased from 78% to over 95% using a structured approach to reduce bath chemistry variability. This update will illustrate the steps taken and update the results presented earlier, showing the effects of long power interruptions and several load reductions as well as load increase during the period from 1999 to 2005. Current efficiency was affected by such processes upset; however, bath ratio in range (±0.05) is still higher than 90%, even after an increment of more than 6 kA. This review will explain each of the steps taken to reach stability in this critical smelting parameter.

Jan 1, 2006

By A. del Campo A.

The roast segregation process, which was patented in 1974, makes use of a set of chemical reactions that are different from the traditional sequential oxidation of iron and copper sulfides used by all modem pyrometallurgical processes to treat copper concentrates. It allows metallic copper to be obtained via sublimation of copper chloride at temperatures in the range of 700-800 OC. In addition it avoids melting the concentrate, doesn't require transferring molten materials, doesn't need flux addition and allows nearly all of the sulphur to be removed in one stage as a high-S02 gas stream. Most importantly, it allows a decrease in the use of energy to approximately 6 million BTU/ton of anodes. This represents a saving of approximately 40%, compared to the potential of the most advanced processes presently used. Such a promising process has been waiting for its first industrial application for more than 30 years. This article examines the technical difficulties that have delayed application of the roast segregation process to beneficiate copper concentrates. Special emphasis is made on material handling aspects, discussing the possibility of using a well designed mass flow silo as the main processing vessel to carry out the segregation stage. Cu2007

Jan 1, 2007

By Y. Y. Yemelyanov, S. S. Gudkov, A. V. Boldyrev, A. V. Bogorodskiy, S. V. Balikov

"A series of tests to optimize pressure oxidation- carbon-in-leach process (POX-CIL) of goldbearing flotation concentrate with the addition of sodium chloride and activated carbon were carried out. Flotation concentrate which was generated during primary ores concentration from a large Russian deposit was used for these tests. The tests were performed with different concentrations of sodium chloride. It was found that the required sodium chloride concentration for gold leaching was 5 g/L. The tests performed with different additions of activated carbon showed that the amount of activated carbon should be at least 6% of the concentrate mass. The rate of sulfides oxidation was 67.7–99.8 %. The highest gold recovery was 98.6 %.INTRODUCTIONThe majority of gold-bearing ores are recommended to classify as amenable to cyanidation and refractory. Processes at elevated pressures and temperatures have become increasingly important in base metals hydrometallurgy (Lodeischikov, 1999, 2007; Naboichenko, Shneerson, Kalashnikova, & Chugaev, 2009; Thomas, 2005).Current pressure autoclaves – cyanidation flow sheets are capital intensive due to numerous circuits and the use of environmentally-unfriendly sodium cyanide. The use of halide-based lixiviants during pressure oxidation of precious metals can be a promising technique for refractory sulfide goldbearing mineral raw material hydrometallurgical processing (Fleming, 2002, 2007, Kotlyar, Meretukov, & Strizhko, 2005).In this paper, we presented the results of the research on finding the optimum process parameters of pressure oxidation using an adsorbent for a refractory gold-bearing concentrate. A proposed flow sheet involves (Bogorodsky, Yelelianov, & Balikov, 2012):1. Gold-bearing sulfides oxidation followed by precious metals dissolution and the formation of gold and silver chloride complex;2. Reaction of the precious metals chloride complex with a carbon-based adsorbent;3. Precipitation of precious metals onto the adsorbent by EW and smelting of cathode precipitates into Dore bullions.This process allows POX of gold-bearing sulfides, precious metals dissolution and their precipitation on the adsorbent to be executed in one single vessel. This study found that the most suitable lixiviant was sodium chloride. Fleming (2002) suggested that in the presence of a halide-based reagent (e.g. chlorine- ion reaction), the dissolution of gold during POX is achieved according to reaction 1:"

Jan 1, 2016

By V. G. Papangelakis, M. Cheung, M. Dry

The high pressure acid leaching of laterite was modelled and simulated using a combination of two commercially available software packages, namely Aspen Plus 11.1 and the OLI Stream Analyzer. New kinetic parameters for the acid-controlled metal dissolution and precipitation reactions at temperature were first determined from previous experimental data on the leaching of limonite. A grain model with cylindrical pellets was used to model the solid-liquid dissolution reactions. Precipitation reactions were modeled via aqueous equilibrium chemistry. A dedicated thermodynamic database previously developed at the University of Toronto was used in conjunction with the OLI software to model the solution chemistry and calculate the concentration of hydrogen ions in solution at the leaching temperature. Mass balances were handled by Aspen Plus. The simulation gave good predictions of nickel dissolution under industrial and laboratory conditions, for the dissolution of limonite and limonite/saprolite blends. Computational

Jan 1, 2005

By J. E. Gill

Introduction During the past summer, detailed geological mapping was extended to cover the entire group of 31 claims owned by Waite-Ackerman-Montgomery Mines, Ltd., and considerable new information was revealed by development and exploratory work underground. These new facts provide a more complete view of the lithology and structure of the area than has heretofore been available. They also necessitate revision of certain interpretations presented last year by Peale (l), and have served to straighten out some of the problems suggested by Porritt (2). The purpose of this paper is to outline in a broad way the relations as now understood and to discuss in detail certain points which should be of interest to members of the Institute. Maps and records by the mine staff have been freely used in arriving at the interpretation presented in the following pages. The writers are especially indebted to Mr. R. V. Porritt, the mine manager, with whom many of the problems touched upon were discussed on the ground and whose intimate knowledge of the geology of the underground workings aided greatly in testing various hypotheses. The writers have profited greatly, also, from close association with Dr. W. F. James during the course of the work. Permission to publish the included data has very kindly been given .by the management.

Jan 1, 1932

By C. J. Newman, D. J. Kemp, R. M. Sweetin

"The smelter is described by area; feed preparation, continuous furnace line, gas handling and auxiliary systems, blister refining, Hazelett casting of thin anodes, and scrap remelting. Early smelter campaign data is presented and compared to design. Some modifications to the basic design of the furnaces and gas trains are indicated, with their respective impacts on improving smelter performance.Plant compactness, the use of jumbo tanks, and a highly automated electrode handling system are featured in the refinery description, with brief coverage of the liberator and slimes leaching sections. Early experience in refining thin regular Hazelett anodes, and submersible pump recovery of raw slimes are relayed, together with automatic stripping from titanium blanks.Refinery tonnages and operating parameters are given showing the relatively trouble-free attainment of refinery design performance.IntroductionPrevious papers and articles ( 1), (2) ,(3 ) have described the metallurgical facilities serving the copper-zinc-silver Kidd Creek orebody located near Timmins, Ontario. For convenience a brief review of their mid-1983 operating status is presented.The concentrator, originally designed for 9,000 short tons, was commissioned in late 1966. It can now comfortably process over 13,000 metric tonnes per day largely as a result of the addition of a fourth circuit in 1978."

Jan 1, 1984

By C. R. Whittemore

IT can be truly stated that no branch of the engineering industry has progressed more rapidly in the last few years than that of welding. In spite of depressed economic conditions, this industry has continued to advance along scientific lines, replacing the old hit-and-miss method of welding. The development work is intensive, and increased activity is recorded in every sphere of the industry, new applications of existing methods, together with new processes, being added to those already proved in practice. The general acceptance of the welding processes can be measured by their utilization as a manufacturing tool in the metal-working industries. Many manufacturers have partially or wholly adopted welding. These concerns have on their staffs welding specialists, design engineers, and metallurgists, who are qualified to design and supervise the manufacture of welded parts, at a considerable saving to the purchaser. The steady, consistent, and sound growth of welding is based upon investigation of the fundamentals of the various processes, together with their proper application. The classification of welding processes varies in different countries. In Europe, they are divided into two main classes, namely, heterogenous and autogenous. In the former, the parts are joined, as a ruler without melting the edges, and by using as filler a metal different from that of the object welded. Such welding differs from soldering and brazing in that higher temperatures are required to effect the union of the parts. In autogenous welding, the parts are joined by melting of the edges, with or without the addition of a material similar to the parts being joined.

Jan 1, 1936

By Lluís Fontboté, François Lieben, Robert Moritz, Massimo Chiaradia

"Abstract - The Las Cañas stratabound Pb-Zn deposit, in northern Chile, is hosted by the Lower Cretaceous back-arc marine carbonate and subordinate andesitic volcanic and volcaniclastic rocks of the Chañarcillo Group, one hundred meters above a thick pile of magmatic arc-related basaltic to andesitic lavas of the Bandurrias Formation. The deposit is not obviously related to local intrusive rocks, which include an Upper Cretaceous granodiorite batholith and dacite dikes emplaced along normal faults. Stratabound Pb-Zn-Ba mineralization is constrained within several porous stratigraphic units, including a 50 cm thick lapilli-tuff and less well mineralized algal-laminated limestone. Veins that locally carry some Pb-Zn occur along normal faults that displace the stratabound orebodies, and this study shows that they represent a different type of mineralization.Fluid inclusion microthermometric data for ore-stage quartz and barite indicate saline fluids (6 to 30 wt% NaCleq) and a formation temperature in the range of 80°C to 160°C for the stratabound mineralization. Two types of fluid inclusions occur in the veins. The type I vein fluid inclusions indicate less saline (average 7 wt% NaCleq) and slightly higher temperature fluids, in the range of 110°C to 220°C. The type II vein fluid inclusions indicate highly saline fluids (25 to 40 wt% NaCleq) which might be related to minor copper mineralization.206Pb/204Pb, 207Pb/204Pb and 208Pb/204Pb ratios for galenas from the stratabound mineralization, with mean values of 18.42, 15.59, and 38.25, respectively, fall within the range of stratabound polymetallic deposits of northern and central Chile, and indicate a Lower Cretaceous magmatic rock source. Galenas from veins have slightly more radiogenic 206Pb/204Pb, 207Pb/204Pb and 208Pb/204Pb ratios, with mean values of 18.47, 15.61, and 38.34, suggesting two distinct episodes of mineralization.?34S values for galena and barite range from negative values (-31.2‰ to -12.5‰ and -7.7‰ to +12‰, respectively) in the mineralized tuff to higher values in the algal-laminated limestone (-2.5‰ to +1.2‰ and +13.2‰ to +17.4‰, respectively), close to Lower Cretaceous marine sulfate values for barite, and homogeneous values for the galena from veins (-12.0‰ ±1‰). Changing redox conditions can partly account for ?34S variations in the tuff. Sulfur sources include magmatic rock sulfur (-1.5‰ to +9.7‰) as well as sedimentary sulfides and marine sulfate."

Jan 1, 1999

"Developing markets for western metallurgical coal have continued to stimulate considerable exploration activity in the Rocky Mountain foothills and to influence major segments of a wide-ranging carbonization R&D pro-gram. Adjunct studies have included expanded petrographie investigations.Coal preparation has• been principally directed toward utilization of prepared small coal and was, like much of the year's combustion work, strongly influenced by concern over atmospheric pollution. Particular attention has been given to desulphurization and to the suppression of pollutants in combustion systems.In the area of non-fuel utilization of coal, interest has centered on plant nutrients and on a series of coal-based carbons which, inter alia, possess utility as filtration media.Other projects included the development of improved sampling and analytical methods, investigations into the effect of storage on coal proper-ties and R&D in solids pipelining. In addition, a significant volume of basic 'uncommitted' research has been maintained."

Jan 1, 1968

By John L. Bonus

"WITHIN THE BROAD PARAMETERS implied by the title of my speech, I propose to deal more particularly this evening with a subject the many aspects of which have constituted the essential elements of one of the main thrusts undertaken by the MAC in the past two years, i.e., to create among Canadians a much greater awareness of the importance of mining and to demonstrate to them what are the many and varied benefits they derive from mining activities across their country. In other words, MINING - WHAT IT MEANS TO CANADA.I also intend to discuss some aspects of government-industry relationships.I am very conscious of the fact that I am speaking to an audience made u in large part of experts in several fields of mining and exploration activities. They will be familiar with many of the points I intend to discuss. However, without in any way suggesting that familiarity breeds contempt, might I emphasize that even in this particular forum there is justification for reiterating some of our basic philosophies and suggesting ways whereby they might be better understood and promoted.Let us first summarize the present dimensions of the Canadian mining industry."

Jan 1, 1971

"Far from being eclipsed by petroleum and natural gas, Canadian coal continues to command wide (and apparently growing) interest.Major R & D investigations are currently heavily oriented toward coal beneficiation (e.g., cleaning and utilization of fines) and toward a broad range of studies on metallurgical coals and cokes. However, active work is also being carried out in the areas of coal geology, mining, transportation and combustion; and, in some laboratories, increasing stress has been laid on developing a number of new, essentially non-fuel uses for coal and coal products.This review summarizes the work of Canadian coal research agencies during 1966 and indicates some of the more important advances made by them."

Jan 1, 1967

By P. Bakke

Following extensive R&D efforts, Hydro Magnesium has launched a new alloy series with remarkable combinations of properties. The AE alloy family is based on additions of aluminium and rare earth elements to control mechanical properties, including elevated temperature creep strength. By combining these alloying elements with manganese additions, high purity alloys with outstanding corrosion performance are defined. A basic philosophy behind the developments has been to simultaneously approach all the critical issues related to developing a commercial material. Apart from the obvious requirements for material properties, the critical issues relate to die casting performance, as well as alloy production, recycling and environmental compatibility. Some of the important elements related to alloy production and recycling are addressed in the present paper.

Jan 1, 2006

By L. Haavanlammi

Iron is a significant component of all copper concentrates leached in the HydroCopperTM process. The metals in the concentrate are leached in a chloride solution by oxidation with cupric ions. Copper enters into the solution as a cuprous chloro¬complex. Iron dissolves at the same time in the ferrous form, but it is immediately oxidized to the ferric state. Oxidation is effected by sparging air or oxygen into the leaching reactors. Because the pH is 1 - 2.5, ferric ion precipitates as akaganeite (T<90°C) or hematite (T> 90°C). Arsenic, antimony and the main part of the bismuth co-precipitate with iron and report to the leach residue. Cupric leaching is faster than iron oxidation; thus, leaching of low-iron concentrates (secondary copper minerals) is quicker than leaching high iron concentrates (chalcopyrite). Pyrite does not dissolve during copper leaching, but is oxidized slowly at higher redox-potentials after the copper has been leached.

Jan 1, 2006

By L. Li, K. Jiang

China is the world largest producer and consumer of zinc. Beijing General Research Institute of Mining and Metallurgy (BGRIMM) is one of major research and engineering institutes for nonferrous metallurgy in China. This paper (presentation) introduces the development of China’s zinc smelting industry, key production processes and main producers. The process research and development are reviewed as well as BGRIMM’s R&D activities in the last decade. China&apos;s refined zinc production was 4,829kt in 2012, accounting for 38.6% of world production. Primary production was 4,722kt. There are around 150 refined zinc producers in China. The traditional fluid bed roasting - leaching jarosite is still a dominant process for primary production and its production accounts for about 60% of country&apos;s total production. However, the direct leaching process is gaining market share. Seven direct leaching plants with 330kt/a capacity, including autoclave leaching and the Outotec direct leaching, have been put into production by June 2013. Five autoclave leaching projects with 590kt/a capacity are in the pipe line and are expected to be commissioned in 2014 and 2015. To cut the production cost and improve smelter economics, process research to optimize the production flow sheet, to improve the iron removal and to enhance the recovery of co-existed rare metals were carried out. The development trends of China’s zinc smelting industry from the view of cutting production cost, improving energy efficiency, increasing comprehensive utilization are discussed accordingly.

Jan 1, 2014

By D. J. MacKinnon

"The Canadian Copper Company, formed in 1885, began mining the nickel-copper ores of Sudbury in 1887 and producing nickel-copper matte from its smelter in 1888(1). Although it was quickly appreciated that the separation of nickel and copper (i.e. refining) was critical to the production of a marketable nickel product, refined nickel was not produced in Canada until about 1918. From the beginning of the industry, there was considerable political agitation to refine nickel in the Province of Ontario(2). The companies, however, claimed that the existing processes, viz. the sodium sulphide ""tops and bottoms"" process operated by the Orford Copper Company of New Jersey, U.S.A.(1,3,4) and the carbonyl process(5,6) developed by the Mond Company at Clydach, Wales, were too costly to operate in Canada. Nickel was first refined in Ontario about 1918 when the International Nickel Company opened a nickel refinery at Port Colborne, Ontario(6). Initially, however, the refinery at Port Colborne employed the Orford sodium sulphide process, and the first electrorefined nickel in Canada was produced in 1920 by the British America Nickel Corporation whose mine and smelter were located in Sudbury, Ontario, but whose electrorefinery was located at Deschenes, Quebec, near Ottawa, Ontario. The purpose of this article is to outline the early history of nickel electrorefining and to trace the significant developments which led to the first successful commercial electrolytic nickel refinery in Canada. The development of an electrolytic process for refining nickel is due largely to the efforts of four individuals, viz. Carl Hoepfner, Hans A. Frasch, D.H. Browne and ultimately N.V. Hybinette, and the contribution of each is discussed separately below."

Jan 1, 1999

By Maureen Jensen

For mining companies looking to establish a strong North American presence, raise their profile or finance and position themselves for future growth, there is no other destination in the world that can offer a mining company the same opportunities as Canada whether you are an established blue chip or promising junior. Despite historically poor world commodity markets and shaky investor sentiment towards junior explorers caused in part by fallout from the high profile Bre-X fraud, Canada continues to shine as the undisputed mining finance capital of the world. Our natural riches and mining history go a long way to explain Canada's international prominence in mining finance. Canada has actively created and maintained one of the most integrated national frameworks to support mining ventures of all kinds. Our diverse industry, from one-person grass-roots explorers to mining industry giants, is one of our main strengths whether your company is Canada-focused or internationally active. The mining industry continues to be a vital contributor to the Canadian economy, contributing $26.2 billion in 1997 or 3.8% of national GDP, and is the second largest earner of foreign exchange. Industrial mineral companies are a very important part of this strength. These companies require a continuing access to capital to ensure that they can continue to compete and the globalisation of the Canadian mining industry has affected this industry just as much as it has affected every other industry in Canada.

Jan 1, 2001