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By G. D. Mcdowell, L. B. Cochrane, B. D. Thompson

"Abstract - Exploration for deep underground copper and nickel sulfide deposits in the Sudbury mining camp is carried out with surface drilling. More detailed drilling, with an advanced underground exploration program, may be necessary to establish an accurate interpretation of the deposit geology and upgrade the resource estimate to the measured category for reserve estimation and feasibility assessment. Resource evaluation is a lengthy and costly process that could result in a decision not to proceed with the project. For projects that proceed to production, significant reductions in the operating and capital costs could be achieved with a more accurate interpretative model of the deposit geology and mineralization. Quality control procedures to ensure the integrity of the drilling data and interpretation guidelines are essential steps in the development of a deposit model. The use of block modeling techniques and the application of geostatistics for resource estimation further improve the quality of the resource model.Significant improvements to the interpretive models can also be achieved by incorporating additional information from geophysical measurements to validate and constrain the geological interpretation. The geophysical models must be consistent with known geological environments and oreforming processes, which has required the concurrent development of comparative models from exploited deposits. These geophysical techniques can also provide key geotechnical information required for the optimum design of the mining method and mining sequence. The objective of this program is to improve the accuracy of the deposit model and the quality of the resource and reserve estimates in order to optimize capital investments and reduce the development and operating costs of underground mining projects. Several of these techniques are currently being tested at INCO Limited’s Sudbury operations. The results from those tests are presented and their applications are discussed within the framework of resource/reserve classification systems and project evaluation objectives."

Jan 1, 1998

By Hermann A. Derbuch

Twin Mining made a conscious decision when it changed from gold mine explorer and developer to become a diamond explorer in Canada?s Arctic. It was a decision of survival in an environment that saw junior gold companies either disappear or turn into dot com companies. Twin Mining learned fast and staked within weeks of that decision the first 50 sq. km of claims on, what became, its TORNGAT property at 59½° latitude on the east coast of the Ungava Bay in northern Quebec. This land position, 724 diamonds later (including 322 macro diamonds of gem quality, white and transparent) grew to 507 sq. km today. The 74° latitude called when Twin Mining exercised the option to acquire 3 claims owned by Helix Resources Inc. which revealed exceptional diamond potential. A gem quality 5.4 mm (0.768 carat white and transparent) diamond and the discovery of 16 pipes on 15.2 ha convinced Twin Mining?s board to sanction the deal. Both properties have outstanding features. Kimberlite Dykes and Pipes are in outcrop. The property locations have deep-sea access near existing infrastructure. Their locations are in an environment that is stable and development friendly and has a positive track record with successfully operating mines near-by.

May 1, 2001

By G. D. Hibbard

New regions of material property space can be accessed by combining microstructural design at the nm-scale with architectural design at the µm- or mm-scale. In the first case, large strength increases associated with grain size reduction to below 50 nm have driven extensive research efforts into the development of nanocrystalline materials [e.g. 1-3]. For many potential structural applications, however, the density of a nanocrystalline material is just as important as its strength. In fact, reducing the density is more important than increasing the strength for certain weight specific materials performance indices, and it is especially critical for applying structural nanomaterials in the aerospace and automotive sectors. We have developed a new type of structural nanomaterial wherein the effective density of the parent metal is reduced by more than an order of magnitude by incorporating an internal periodic cellular architecture of open space. In one example a low density cellular nanocrystalline material was created by electroforming nanocrystalline Ni around a rapid-prototyped acrylic photopolymer microtruss, Figure 1 [4]. Microtruss materials have periodic cellular architectures that are specifically designed to undergo stretching-dominated deformation as opposed to the bending-dominated deformation in conventional open cell metal foams [5,6]. This new cellular nanocrystalline hybrid material combined the structural efficiency of microtruss architectures with the ultra-high strength that can be achieved by grain size reduction to the nm-scale. Although it played a critical role as a cathode support during the initial stages of nanocrystalline electrodeposition, the polymer core did not contribute significantly to the inelastic buckling resistance of the composite metal/polymer struts and it may therefore be desirable to remove it post deposition by means of chemical dissolution or thermal decomposition [4]. Nanocrystalline electrodeposition can also be used to reinforce conventional cellular metals (Figure 2), creating new types of cellular composites such as metal/metal microtruss hybrids [7-10] and metal/metal foam hybrids [11,12]. For example, nanocrystalline Ni-Fe alloy sleeve thicknesses of up to 400 µm were used to reinforce an aluminum alloy microtruss that had been fabricated using a stretch-bend approach; the nanocrystalline sleeves had the effect of increasing the microtruss strength by up to a factor of twelve and the specific strength by a factor of three [8]. Alternatively, much thinner sleeves can be electroplated to produce structural coatings. In one example, a nanocrystalline Ni coating was designed to provide both corrosion protection and inelastic buckling resistance [10]. Because the ultra-high strength material was optimally located at the furthest distance from the neutral bending axis, only a thin coating of 50 µm was needed to double the inelastic buckling resistance of the 1.13 mm x 0.63 mm cross-section plain carbon steel struts [10]. Overall, the mechanical performance increase that can be obtained through electrodeposition depends on a complex interaction between the starting cellular architecture and the nanocrystalline sleeves.

Jan 1, 2010

By Doris Stüben, Geoffrey P. Glasby, Akira Usui, Jörg-Detlef Eckhardt, Bruce W. Mountain, Zsolt Berner

"Abstract - Twenty-seven marine Mn and Fe deposits chosen for their diverse origins have been analyzed for five platinum-group elements (PGE). The PGE display their highest concentrations in hydrogenous Mn crusts and nodules, lesser concentrations in diagenetic nodules and two to three orders of magnitude lower concentrations in hydrothermal Mn and Fe crusts. This difference of behavior reflects the well-known fractionation of Mn and Fe from the other transition elements, rare earth elements (REE) and PGE in hydrothermal Mn and Fe crusts. Pt, Ru, Rh, and Ir show a close geochemical coherence in these deposits and are differentiated from Pd which shows a negative anomaly with respect to the other PGE in hydrogenous and diagenetic Mn deposits. Pd is less depleted than the other PGE and the Pd anomaly much less pronounced in the hydrothermal Mn and Fe crusts relative to the hydrogenous and diagenetic Mn deposits.Stability field diagrams show no evidence for the oxidation of Pt to the tetravalent state in seawater as suggested by some authors. Rather, Pt appears to be present in seawater as Pt(OH)2 0. Adsorption of Pt(OH)2 0 onto the surface of Mn and Fe oxyhydroxide minerals may explain the enrichment of Pt in marine Mn deposits. However, Pt metal is the thermodynamically stable solid phase of Pt under seawater conditions and reduction of Pt(OH)2 0 to Pt metal, particularly in the vicinity of the oxygen minimum zone, is possible, although the high Ce/La ratios of the Co-rich Mn crusts do not support this hypothesis. Pt, Ru, Rh, and Ir display their maximum concentrations in the Corich Mn crusts. This may reflect, among other things, the low growth rates of these deposits. The stability field diagram of Pd shows that Pd is undersaturated in seawater and occurs in seawater dominantly as PdCl4 2- and anionic mixed-hydroxide-chloride complexes. This would explain the anomalous position of Pd among the PGE with respect to its uptake into marine Mn deposits. A study of inter-element associations indicates that the incorporation of the PGE from meteoritic dust plays only a minor role in the uptake of these elements into marine Mn deposits. The PGE remain the most poorly studied group of elements in marine Mn deposits. The data presented here emphasize the need for the establishment of a more comprehensive database of the PGE in marine Mn deposits in order to understand more fully their uptake into marine Mn deposits and their pathways through the oceans."

Jan 1, 1999

By J. O. Yeboah, V. Boakye, P. A. Bepswa, M. Lombard, G. Nutor

The comminution circuit at Tarkwa Gold Mine was commissioned as a Single Stage SAG mill operated in closed circuit with hydrocyclones designed to process 4Mtpa. The circuit was later expanded by adding a secondary ball mill in closed circuit with hydrocyclones with a view to treat 12Mtpa. The change in the circuit configuration and assigning the low aspect ratio SAG mill for primary grinding application makes the Tarkwa experience unique in terms the optimisation strategy and operating philosophy. This paper reports the findings from a series of surveys performed on this plant. The surveys reported include data obtained when the SAG mill was operated as a single stage mill in closed circuit with hydrocyclones and also SABC mode under two different feed conditions. The differences in operating philosophy between the initial single stage SAG circuit and the current SAG/Ball mill circuit are discussed.

Jan 1, 2012

By Yves Gagnon, Nicole Gauthier, Daniel Kelly, Michel Rocheleau

"The Larder Lake-Cadillac Tectonic Zone in Rouyn-Beauchastel area (a 20 km long segment) contains distinct lithotectonic units bounded by artastomosing or sub-parallel shear zones. The gold deposits in the area are located within highly strained portions of E-W striking shear zones. The ore-zones are structurally controlled disseminated and vein-type lodes. They are spatially related either to megascopic z-shaped folds which refold E-W shears, or to areas of intersection between E-W shear zones and late NE-striking faults. Several ore bodies are enclosed within ultramafic rock units or at their contacts with adjacent units. All the lenses are elongated down dip and distributed, both loterally and vertically, ""en echelon"" . The ore zones tend to decrease in size and number away from the hinge zone of the megascopic z-shaped folds.Two main styles of mineralization are recognized at the Astoria deposit and at for most of the deposits in the Rouyn-Beauchastel segments a discontinuous ""Carbonate Ore"" and a more continuous, albitic sulphide-bearing ""Flow Ore"" (terminology used at the Kerr Addison mine).The typical ""Carbonate Ore"" zones are found within strongly arbonatized blocks bounded by conjugate late NE or NNW-striking fralls. The carbonatized blocks display features characteristic of llrittle to brittle-ductile deformation developed in shear zone system. Vein systems in the ""Carbonate Ore"" occur within shear fractures(D R)tension fractures (T), or within brecciated rocks adjacent to NS llrilcing faults. The ""Carbonate Ore"" zones are displaced by numer IU lole E-W, NNE, NW and N-S faults.The ""Flow Ore"" zones are found within predominantly ductile portions of E-W shear zones. The sulphide mineralization is finely disseminated and regularly distributed within mylonitic foliation or associated with veins and veinlets sub-parallel or oblique to the mylonitic foliation, in which case the mineralization is coarser grained. The gold mineralization is a late Archean event postdating the formation of the penetrative fabric, and synchronous with the end of the dextral oblique-slip motion."

Jan 1, 1990

By C. A. Pickles, K. Mackowiak

Black Thor chromite ore from the Ring of Fire deposit in Northern Ontario was carbothermically reduced in a microwave system to produce a ferrochromium alloy. The as-received ore contained 43.0% Cr2O3, 19.9% Fe2O3, 14.5% MgO, 13.4% Al2O3, and 7.0% SiO2. Activated charcoal was utilized as the reducing agent. Firstly, TGA/DTA and permittivity studies were carried out in order to determine the relationship between the reduction process and the microwave susceptibility. Secondly, microwave reduction experiments were performed on the chromite ore. The variables investigated were; the amount of carbon, processing time, input power and type of atmosphere. A maximum chromium grade of 76.1% and a chromium metallization of 82.7% were obtained for a processing time of 20 minutes, a power input of 800 W, and a carbon addition of 15% in an argon atmosphere.

Jan 1, 2017

Abstract-This paper discusses the fundamental question, "what is an adequate sample size?" in the light of recent developments regarding parameters of Gy’s well-known formula for predicting sampling variance. New understanding of the granulometric factor, g, and the liberation factor, l, had significant impact on the results of calculations involving Gy’s equation. For the granulometric factor, justifications are given as to why nominal comminution size should always be reported as P95 (i.e., the screen size rejecting 95% of the mass). A small but important change in the model to estimate the liberation factor makes the difference between a predictive formula that works or does not. Other parameters and considerations regarding their practical implementation are commented upon in light of the author’s experience.

Jan 1, 1998

By Kenta Kusunose, Dadang Sundana, Ahmad Munib Fikry, Yosuke Unno

PT Smelting has operated the Mitsubishi Process in which feed materials are charged into the S- furnace through top lances using a pneumatic conveying system comprising 6 feeding tanks (S-Feeding Tanks). Each S-Feeding Tank was designed as a batch machine and had been operated in a batch mode so that feed materials are conveyed 70% of the operating time (conveying time). An S-Feeding Tank was revamped in August 2016 in order to attempt to achieve 100% conveying time during operation, aiming to reduce the furnace draft fluctuations and melt temperature fluctuations leading to reduced copper losses to slag and refractory wear on the sidewall in the melt zone. After two-year operation with some adjustments and modifications, it was concluded that the new system works as expected. During scheduled major shutdown in November 2018, the same modification was applied to all other 5 feeding tanks as the first one, while several modifications other than the S-Feeding system were also conducted for the purpose of expanding the capacity of the smelter. INTRODUCTION PT. Smelting (PTS) Gresik Copper Smelter and Refinery is located 30 kilometers north of the city of Surabaya, East Java major port. PT Smelting equity partners are Mitsubishi Materials with 60.5%, PT. Freeport Indonesia with 25%, Mitsubishi Corporation RtM Japan Ltd. with 9.5% and JX Nippon Mining and Metals corporation with 5.0%. PTS was established in February 1996 and started commercial operation of the Mitsubishi Process in 1999. The Mitsubishi Process is a unique technology which connects 3 stationary furnaces, namely the Smelting furnace (S-furnace), Slag-Cleaning furnace (CL-furnace) and Converting furnace (C-furnace) by covered launders. These features result in savings in manpower and energy, and make the process more environmentally friendly since there is no ladle transfer of melt. Figure 1 illustrates the outline of the Mitsubishi Process.

Jan 1, 2019

By C. Cano

One of the main concerns within the mining industry is to minimize the impact of tailing facilities to the environment and nearby communities. Since the implementation of the first thickened tailings disposal (TTD) methodology at Kidd Creek in 1964, the thickened tailing disposal has been growing alternative disposal technology to mitigate the environmental impacts. Technical investigations on the TTD technology have been studied in detail to counteract the increasing shortage of water resources. One of the benefits observed with TTD is its resistance to potential earthquakes, particularly in zones with high seismic activity (Los Andes). TTD technology optimizes the maximum possible density for the material and generates a negative internal pore pressure in the material due to the surface and sub-surface water evaporation. This internal pore pressure should be enough to resist the pores pressure to which tailings are subject due to an earthquake action. The objective of this study is to verify the Shrinking Limit (SL) of thickened tailings during initial deposition and in the long term and the ability of tailings deposited by TTD would resist liquefaction. Fresh tailings coming from a flotation process of a copper plant concentrator were used. The samples put under cyclical three-dimensional tests associated with maximum credible earthquake magnitude range of 7.0 8.0 to develop a curve for the safety factor v/s depth for dry densities related to the maximum density obtained at the SL. At a dry density of 1.65 t/m3 liquefaction did not occur at any depth. At 90 % of dry density of 1.51 t/m3, liquefaction did not occur at earthquake magnitudes of 7.0 or 7.5 nor at any depth but liquefaction occurred at magnitude 8.0 between 0 m and 14.5 m; below 14.5 m, liquefaction does not occur.

Jan 1, 2007

By D. A. McIsaac

In these days, when mass production seems to be the watchword of all industrial companies, nothing is left undone to attain this end. Transportation, where necessary, becomes a question of very great importance. For this reason every mechanical contrivance known to man is employed, with its resultant advantages. So successful has man's ingenuity been that, offhand, we are inclined to say that practically all transportation on a large scale is done mechanically, that is, where speed and economy are desiderata. Granting this, one would think that to read a paper on the horse before your honourable and highly technical Society would surely be a waste of time, and that any Company employing old-fashioned 'horse' power would certainly be very much behind the time, to say the least. However, the fact remains that the biggest industry in our country today-coal mining-must use horse power to a great extent, being compelled -both by considerations of economy and by necessity. For this reason,' in the production of coal under present conditions, the pit horse is of great importance to this industry and is to be considered seriously as one of the units that help to make coal mining a success or a failure. Hence, in employing horses as a power for transportation, care must be exercised in selecting the animals, and the care of this power must be considered as seriously as any other department of such an organization. In selecting a pit horse, several things must be borne in mind, that is, one must get as much horse power as possible in as compact a form as is practicable. This determines the type of horse we must use, which is of very great importance under our present conditions of coal mining. With low roof, steep grades, and forced production, a distinct type of animal must be selected.

Jan 1, 1930

By Douglas A. Sloan

"Recently, a number of major mining companies seemed unable to find a president from within the industry, and were searching outside the industry. From this, one could conclude that managers within the industry are either not being prepared or are not preparing themselves for presidential responsibility. Opinions were sought from a number of senior executives, to attempt to define the skills a prospective president should acquire and what actions a company could take or that a prospective president could take to acquire these skills.This paper contains summaries of the opinions obtained, along with the author's comments. The paper also describes the actions some companies are taking and the actions that an aspiring president can take to prepare himself for corporate management.IntroductionA manager is promoted up the management ladder when the manager's superiors believe that he is capable of handling a more senior position. Normally, the manager acquires this credibility by outstanding performance in his current management post, whether it be in a junior management (supervisory) or in a vice-presidential capacity.In most instances, the skills required for promotion can be acquired in the current position or, at worst, the abilities exhibited in a candidate's current role will convince his superiors that the necessary expertise for the more senior position can be acquired on-the-job. This is particularly the case when the new skills are felt to be an extrapolation of the old skills.However, in the case of appointment to presidential rank, there appears to be a need for new expertise which often is not acquired in normal management progression or, at least, boards of directors of some mining companies seem to believe this to be the case. The objective of this paper is to attempt to define the new skills that should be acquired by a manager who aspires to be the president, and to describe what actions might be taken by him to acquire them."

Jan 1, 1982

By F. Ebbutt

The copper-bearing waters now treated successfully at Britannia for the recovery of their copper content are almost entirely derived from what is known as the Fairview mine; this was the first extensive copper producer of the Britannia ore-bodies, and consisted of a number of almost parallel veins, carrying good copper values, the ore consisting of chalcopyrite and pyrite in a quartz gangue. These veins occur in what is known as the ?Britannia shear zone' (Schofield, S. J., G.S.C. Sum. Rept., 1918, Pt. B), developed for roughly five miles in a roof-pendant in the well-known Coast Range batholith. This .pendant is made up of Palxozoic rocks known as the 'Britannia Formation' (LeRoy, O.E., Portion of Main Coast of B.C. and Adjacent Islands; G.S.C. Memoir No. 996, 1908). These consist of dark carbonaceous slates, quartzites; and tuffs or basic flows, and within them are large quartz porphyry siJls. These Britannia rocks are sheared and altered, the resultant rock being a fissile quartz-sericite or quartz-chlorite schist. The mineralization invariably occurs in this chlorite schist, which in the more productive areas has mottles or blobs of chlorite developed. A narrow, though persistent, band of grey slate forms the footwall of the productive portions of the shear zone.

Jan 1, 1928

By L. H. Rajala, K. H. Singh

"This paper presents the results of a detailed feasibility study carried out to investigate whether a low-grade deep underground mine of Falconbridge Nickel Mines Ltd., closed since 1975, could be made more productive and profitable by the introduction of new mining technology. For this purpose, recent advances in mine design and development concepts, larger and better designed machines, such as hydraulic drills, high-pressure down-the-hole machines, LHDs, new blasting concepts, more efficient and improved stoping methods, and ground control technology were considered. Technical and economic analyses incorporated the latest computer-based techniques. The mine was reopened in 1979 and the paper concludes with an assessment of actual progress and performance compared with that planned and forecast.IntroductionThe East Mine orebody, located between the Falconbridge Mine and Inco's Cryderman Mine in the Sudbury District of Ontario, has been in production since 1956. From 1956 to 1978, about 5.6 million tons of ore had been mined from this ore zone. The ore body is low grade and was developed as a cut-and-fill operation. Due to high operating costs, the mine has been shut down several times during economic downturns. The latest closure was in 1975 due to a lower demand for metal.In 1978, investigations were initiated to assess the economic and technical feasibility of mining this ore using new developments in mining technology. In this study, consideration was given to the application of bulk mining methods with a potential for higher productivity, trackless development utilizing efficient LHD machines and hydraulic drills, new blasting and fragmentation concepts, and new ground control technology. Advanced computer techniques, such as finite element, for mine design and rate of return with discounted cash flow analyses for the economic comparison- of various mining options were utilized for a rapid and comprehensive assessment during the feasibility stage."

Jan 1, 1981

By C. A. Clark

The Chagres Smelter is located 80 kilometres north of Santiago - Chile, in the middle of an agricultural valley which is also one of the poorest districts in the country. This condition sets the main focus for the smelter's Corporate Social Responsibility (CSR) programmes, which ultimately aim at building self sustainable social and economic capital in accordance with the local capacities. With the help of Anglo American's SEAT (Socio Economic Assessment Toolbox), a corporately developed instrument designed to help the operations understand the needs of the communities and the impacts of those operations, the Chagres Smelter implemented several programmes, such as the CETTA (Experimental and Applied Technology Transfer Centre) programme. This project started in 2003, and consists of creating a centre for the transfer of sustainable techniques and skills for the small agricultural and livestock producers that live in the rural areas near the Chagres Smelter. Its main impacts are: Improved production quality (goat cheese and bee honey) and access to relevant markets, improved training and self-sustainability levels of producers, enhanced socio-economic level of the District's inhabitants by improving their income earning opportunities and technical knowledge, creation and promotion of a local brand as a symbol of quality products from the valley and a positive environmental impact of good breeding and native flora protection practices in the area. Other relevant social programmes are the 'Environmental Strivers', which created a recycling centre in the community; and the 'Beautiful Valley" project, which provides management knowledge and skills to local youngsters and leaders who can contribute to finding solutions for local environmental needs.

Jan 1, 2007

By A. K. Debnath

Coal is the mainstay of Indian energy supplies. The many-fold increase in demand for coal puts a huge pressure on augmenting production, primarily from opencast mines. The increase in production necessitates heavy blasting in overburden and coal benches of opencast mines, which poses numerous challenges in carrying out blasting operations techno-economically. Presently, the consumption of industrial explosives and accessories in Coal India Limited (CIL) has touched a whopping figure of $350 million USD per annum and CIL will be spending approximately $1 billion USD between 2012?2013 to 2014?2015 for procuring explosives and accessories. This paper discusses some of key challenges faced in various mines of CIL during blasting, where blast instrumentation at the mine level will prove to a harbinger for practicing blasting engineers. Presently, the problem of scattering in surface detonators and down-the-hole detonators affects the blast performance significantly by increased blast induced ground vibration and reduced fragmentation. The paper discusses a case study carried out at Umrer opencast project of CIL to investigate the effect of scattering by using blast simulation techniques (i.e., JKSimblast) and observing the actual blast results with the help of a high-speed camera and multi-channel high frequency data acquisition systems. The fragmentation assessment was carried out by adopting Digital Image Analysis techniques and using the granularity software viz. Wipfrag. The blast instrumentation in the case study mine resulted in improvement in fragmentation of 12.76% and a direct savings in explosives cost of 28%. Geophysical techniques such as the seismic survey method have been used at Umrer Project, CIL to characterize the rock mass using the Multi Channel Analysis of Surface Waves system for selecting the explosives technoeconomically. The minimum deck thickness for mines of CIL using drill cuttings as decking materials should be 10 D, where D is the drill diameter. The estimation of blast performance on the basis of prescribed Powder Factor (i.e., kg of explosives per m3 of rock) is technically unscientific as the criterion of a good blast depends on many factors (i.e., good heave, loose muck, muck profile angle, ease of digging, uniform fragmentation). The present paper proposes a new methodology for techno-economic evaluation of blast performance. The new methodology involves four significant factors viz. specific energy consumed by the loading equipment, charge factor, productive yield and diggability index for assessing blast performance. The use of user-friendly, accurate, reliable, rugged and handy instruments in blasting will significantly improve mine productivity, equipment efficiency and economics. The improvement in blast performance, even by 1%, will provide a significant savings of $3.5 million USD per annum to CIL. It may be concluded with high degree of confidence that blast instrumentation at the mine level will influence the mine productivity and economics.

Aug 1, 2013

By Alan E. Renshaw

"This paper is a practical overview of ways to reduce cost in the design and operation of an Arctic mine. The economically important issues of the Arctic mine that will be addressed include: permafrost and the active zone in general terms; road building in and over permafrost; Arctic geotechnical mine design considerations; pit dewatering techniques in sub-zero temperatures; and blasting frozen materials with techniques to obtain optimal results. A final section on a few special topics conclude this paper.Although this paper primarily refers to near surface conditions more closely associated to an Arctic surface mine, many of the ideas and techniques contained in the paper also apply to the surface construction of an Arctic underground mine."

Jan 1, 1996

By D. M. Slavich

"In today's operating and investment climate, project evaluation is both more important and more difficult. It is more important because economic and financial analyses of a proposed project provide a basis for judgment of a project's commercial viability by equity participants, lenders and, in some cases, other participants such as off takers and governments. It is more difficult because these analyses must, of necessity, be based on estimates, projections and evaluations which must be made in a period remarkable for its economic and political uncertainty.Project evaluation starts with the analysis of the engineering, commercial and financial information available. Beginning with the preliminary design and capital cost estimates, alternative financing plans can be developed outlining possible sources of funds, terms and security arrangements. Pro-forma financial statements can also be developed, including sources and uses of funds, cash flow schedules, income statements and balance sheets. With these results, various profitability measures can be determined.Subsequently, in an effort to deal with uncertainty, these results can be tested by measuring the impact on project viability and profitability of changes in project and external variables such as product process, mining and processing rates, operating and financing costs, currency exchange rates and other factors.The results are a number of financial projections reflecting different assumptions for key project parameters. The projections can be used to structure the project to achieve the maximum financial performance. Projects, the financial viability and profitability of which can be demonstrated under varying market conditions, will be the most competitive in capital markets."

Jan 1, 1982

By H. W. Fleming

In 1955, the results of a regional, geological interpretation of the northern portion of New Brunswick were used as a basis for selecting, for intensive exploration, three areas in which structural and stratigraphic conditions were believed to be favourable. Airborne electromagnetic work, in one of these areas, provided the justification for acquiring the Murray group. Even though the initial results were discouraging, this geological interpretation, combined with the fortuitous discovery of cop• per-bearing float, was sufficient reason for carrying out further work using geochemical methods. This work finally resulted in the discovery of the Murray massive-sulphide deposit, after about eighteen months of coordinated exploration on the property. While this deposit is a typical New Brunswick-type base-metal occurrence, extensive leaching has produced a fossil gossan that rendered it an elusive target for exploration techniques of limited penetration Full credit for localizing the target area is given to the geochemical techniques, but geophysical surveys were needed to provide the necessary

Jan 1, 1961

By Andre du Preez

Emergency Fall Arrest System Rio Tinto?s Primary Objective: ?To achieve repeatable controlled safe deceleration rates during emergency fall arrest activation (Ontario OHSA Regulations) ?Must operate effectively on mine specified steel shaft guides.

May 1, 2013