Search Documents

By Dayang Datu Khalil, Charle Amoah, Fred Kock

Abosso Goldfields Limited has been optimizing the comminution circuit at the Damang Mine Operation for the treatment of 100% primary ore. The optimization process started at a base rate of 343 tph when treating primary crushed primary ore, and was increased to above 600 tph with partially crushed primary ore. Abosso Goldfields engaged Orway Mineral Consultants (OMC) to assist with the optimization process in 2009 and the two companies have been working together since, to further refine the process. Continuous improvement was achieved through crushing circuit modifications, changes in operating processes and grinding control system utilization. This paper discusses the improvements developed for the increase in milling capacity and improvements in final product size.

Jan 1, 2012

By Jeremy Bosman, Johan de Korte

Traditionally the feed to coal preparation plants was de-slimed at 0,5 mm. The +0,5 mm size fraction was processed via dense-medium cyclones and the -0,5 mm size fraction was beneficiated with froth flotation, water-only cyclones or spirals. With the introduction of large diameter cyclones, the aperture sizes of de-sliming screens have progressively increased to about 3 mm in the belief that the larger cyclones are not able to effectively beneficiate coal which has a particle size below the ?breakaway? size. The efficiency of separation in the large dense-medium cyclones is improved by presenting a coarser feed to the units. At the same time, the capacity of the de-sliming screens is increased due to the larger screen apertures and in effect, the throughput capacity of the dense-medium section is increased. The 3 x 0,5 mm size fraction, which was previously processed in the dense-medium cyclones, is now added to the fine coal size fraction and processed by water-only methods such as Teetered Bed Separators (TBS) and spirals. Whether this practice is the most economical way to process the 3 x 0,5 mm size fraction requires further thought since the best processing route for the 3 x 0,5 mm size fraction will depend on a number of factors, amongst which are: o The washability of the coal and the amount of near-density material o Processing efficiency o Specification of the required product o The price paid by the customer for the product o The cost of processing the coal Breakaway size The ?breakaway? size is defined as the particle size below which the Epm of the smaller particles starts to decrease significantly. Bosman1 provides an approximate breakaway size versus cyclone diameter (Figure 1). It should be kept in mind though that the Epm of the small particles is a function not only of the cyclone diameter but also of feed pressure, medium density, medium viscosity, particle shape and density, top-size of particles in the feed, etc.

Jan 1, 2006

By K. L. Whitehead

An examination of 60 mines, 11 illumination hardware manufacturers, and Q mobile face-equipment manufacturers was conducted to determine the state of the art of mine-illumination hardware, define lighting system installation and maintenance problems, and assess personnel acceptance of lighting. Longwall and mobile face-machine illumination were studied. Major problems on room and pillar installations include damage of exposed components, electrical failures, and reduced lamp life, with extreme variability in the degree of these problems. Most longwall systems had low or moderate maintenance requirements, cable damage being the most significant problem. Most mobile face-equipment operators liked their machines' lighting systems, but many complained of glare and other problems. Longwall lighting was unanimously accepted by face personnel, and most complaints were minor. Based on the survey, general installation and maintenance guidelines have been established, addressing hardware design aspects, approaches proved effective to minimize problems, and improper practices noted which are detrimental to effective lighting.

Jan 1, 1981

By Christopher J. Bise

INTRODUCTION The principal means for transporting men, supplies, and mined material in an underground or surface mine are rail systems, conveyor belt systems, or a combination of the two. Typically, large underground mines use rail haulage from the mining sections to the hoist, with conveyor belts being used within the sections. Small mines use conveyor belts in the mains and sub- mains as well as in the panels. The size and layout of surface mines also contribute to variations in the way these haulage systems are applied. The following sections address the typical problems confronting mining engineers in designing these haul- age systems. For rail, these include rail selection and turnout design, locomotive tractive-effort calculation, and motor sizing. Belt haulage calculations include belt width and speed specifications, tension and take- up requirements, idler spacings, and motor sizing. TRACK LAYOUTS Introduction The adequacy of mine track layouts is dependent upon such factors as rail weight (Table l), suitable ties, a well-drained roadbed, and properly designed curves, grades, and track alignment. As long as the installation conforms to the manufacturer's recommendations, good service can be expected from the rail system. Typically, mining-engineering calculations for rack layouts have dealt almost exclusively with the design of turnouts. As such, the following section provides the necessary information for computing the theoretically correct dimensions of turnouts. Turnout Design Fig. 1 shows a typical turnout with an identification of the component parts. Fig. 2 identifies the variables that are used to determine the turnout dimensions. The formulas that concern the mining engineer are those listed: [ ]

Jan 1, 1986

By R R. Large

"An EXTENDED ABSTRACT is available for download. A full-length paper was not prepared for this presentation. The formation of orogenic gold deposits is commonly a two-stage process. The first stage involves preconcentration of gold in a suitable source rock, such as carbonaceous black shales, felsic volcaniclastics or komatiitic volcanics. The second stage involves the release of gold (commonly with arsenic and/or tellurium) from the source rocks during metamorphism or magmatic intrusive events, accompanied by the replacement of source rock pyrite by pyrrhotite. Recent research suggests that synsedimentary gold trapped in the structure of diagenetic arsenian pyrite in reduced carbonaceous facies of continental margin sedimentary basins is an ideal source of gold for many orogenic and Carlin-style gold deposits. The conversion of diagenetic arsenian pyrite to pyrrhotite during basin closure and greenschist facies metamorphism is the key process releasing gold and arsenic to the metamorphic fluid, with metal deposition in structural trap sites to form the deposits.CITATION:Large, R R, 2015. Orogenic gold deposits – a two-stage process of gold enrichment, in Proceedings PACRIM 2015 Congress, pp 335–340 (The Australasian Institute of Mining and Metallurgy: Melbourne)."

Mar 18, 2015

By O. M. Arafat, J. A. Finch

"The Functional Performance Equation calculated from a plant grinding survey defines two distinct ball mill circuit efficiencies and how they relate to total production rate through the target grind size. The survey data are also used to calculate a complete ball mill size distribution model, represented by the energy specific grinding rates, not just through the target grind size, but through all the size classes. Cyclone separation performance is represented by individual size recoveries to underflow. When these two unit operation performances are entered into the circuit modelling program (Streamline™), along with the circuit feed rate and size distribution, all the circuit survey size distributions and mass flows are perfectly regenerated by the program. The many issues associated with the historical Epstein (breakage-selection) models are eliminated. Once the circuit program is populated, pump and cyclone performance changes can be evaluated using a step-by-step procedure in order to maximize Classification System Efficiency. Mill water use and media sizing opportunities are also diagnosed in order to maximize Mill Grinding Efficiency at the size of interest. An example is provided. This circuit analysis and modelling system, and related training, is provided through a web-based application.IntroductionSince its development (McIvor, 1988), the Functional Performance Equation for ball milling has facilitated new understanding of industrial circuit cause and effect relationships, leading to significant strides in operational performance. Success stories of this refreshing approach to plant circuit performance improvement are now too numerous to list. Finch and McIvor (circa 1986) also discovered that the Functional Performance “Mill Grinding Rate” at the size of interest was the same cumulative grinding rate that is calculated from mill feed and discharge size distributions using a first-order rate equation. By calculating these cumulative grinding rates for all screen sizes, a complete ball mill model is generated (as used by Finch and Ramirez, 1981). Others in industry, Hinde and Kalala (2009), for example, have noted the same. Lacking the complexity needed to maintain their interest, most researchers have ignored this model, broadly opting instead for Epstein’s (1948) characterization of grinding as a chemical reaction, combining “selection rate” and “breakage size distribution” functions. The much simpler ball mill model presented here has previously been incorporated into a proprietary circuit modeling program (McIvor, 2005) and used for plant improvement work (for example, see McIvor and Finch, 2007, and McIvor, 2014). Now, by combining this extremely business-friendly ball mill model with optimization criteria from Functional Performance Analysis, a circuit modeling system (including the needed supplementary steps to assure successful plant implementation of circuit design changes) is at the disposal of every plant metallurgist, grinding equipment/material provider, and circuit designer."

Jan 1, 2017

By B. Ulrich

The basis of this paper is a compilation of work in the design and construction of copper heap leach facilities, and interviews with various heap leach operations personnel in Chile and Peru. The purpose is not to highlight specific mines and their performance, but rather to discuss geotechnical/civil features of copper heap leach facilities that function well, as well as features that do not. During the 1990s several copper heap leach facilities were brought on-line in South America. Many of these facilities have now been operational for a number of years during which time the operators have been able to monitor the performance of their heaps. This paper serves as a compilation of operators? experiences, and provides a discussion of the lessons learnt over the past decade. Several key geotechnical issues are examined, focusing upon the integrity of the ore, drainage material and pipe network, along with the success of inter-lift liners. This conference provides a timely update of the original paper (Burkhalter et al, 2002).

Jan 1, 2003

By C Spandler, S W. Richards G Rosenbaum, R J. Holm

"An EXTENDED ABSTRACT is available for download. A full-length paper was not prepared for this presentation.The recent and active magmatic arcs of eastern Papua New Guinea (PNG) and the Solomon Islands are well endowed with sulfide mineralisation and include deposits such as Ladolam, Panguna and Solwara 1. The majority of the mineral systems in this belt are younger than four million years old, with some deposits remaining active to the present day as exemplified by active hydrothermal systems on the island of Lihir. The geodynamic setting that led to the formation of these deposits is still unresolved, with, for example, both the Pacific and Solomon Sea plates considered responsible for the formation of the Ladolam deposit on the island of Lihir under different models. In order to understand and characterise the formation of south-west Pacific mineral deposits, we must first reconstruct the complex geodynamic evolution of the region. New kinematic reconstructions show that while mineral systems in eastern PNG and the Solomon Islands are hosted within a single arc related to subduction at the New Britain and San Cristobal trenches, variable and discrete geodynamic settings exist within both the upper and lower plates throughout this region, which give rise to distinct mineralised corridors. Most notably, this region is host to: the Solwara 1 deposit, which occurs within a major transtensional corridor in the eastern Bismarck Sea the Ladolam deposit (Lihir), which is interpreted to have formed above but in relation to tearing of the subducting slab the Panguna deposit, which is related to structure in the subducting slab marginal to the actively spreading Woodlark Basin.An evaluation of the nature and variability of these diverse geodynamic settings through time can provide us with a better understanding of the relationship between the active south-west Pacific magmatic arcs and mineral deposit formation. It may also provide insights into the diverse array of deposit settings at ancient convergent margins, with applications in mineral prospectivity studies.CITATION:Holm, R J, Richards, S W, Rosenbaum, G and Spandler, C, 2015. Disparate tectonic settings for mineralisation in an active arc, eastern Papua New Guinea and the Solomon Islands, in Proceedings PACRIM 2015 Congress, pp 165–170 (The Australasian Institute of Mining and Metallurgy: Melbourne)."

Mar 18, 2015

By Oliver Finn

Gold dredging has made such rapid strides of late and there is such a widespread interest in this branch of mining that I venture to contribute a detailed account of the way in which a Keystone driller was used by me in California to loosen, by blasting, a very tight gravel deposit, preparatory to dredging. There is a great difference between “cemented gravel” and “tight gravel.” A truly cemented gravel is not a dredging proposition, while the tightest possible gravel, where there is no cement, can be made easy working by the following method of blasting:

Jan 1, 2008

By J. R. Thoenen

Profits in the crushed-stone industry, as in any other, represent the difference between selling price and production cost. When consumer demand increases rapidly, as occurred in the crushed-stone industry from 1918 to 1927, selling prices tend to rise. Cost of production usually rises, also, owing to the expense of expanding facilities, searching for and developing new quarries, and purchasing, installing, and operating new equipment. Frequently, also, the inattention of managements to the details of operating costs is responsible for their increase. This is not due to negligence but rather to the necessity of confining attention to the problems involved in producing material to supply orders. When market conditions change and consumer demand becomes stabilized or contracts, the producer's attention usually is directed to assuring the orders necessary to keep his enlarged facilities busy. Hence, competition increases and soiling prices decline.

Jan 1, 1939

By A. Dale Wunderlich

Since Sept. 11, 2001, the author has been asked by several mining companies and mining publications to share some of his insights on how the terrorist attacks on the World Trade Center (WTC) and Pentagon might affect the mining industry globally. Until now, the author has been reluctant to express his thoughts in a publication that could possibly fall into the hands of terrorists and give them some ideas that they may not have been previously considering. However, the author discussed the contents of this article with several friends and acquaintances in the international intelligence community. They said that nothing commented on here is new to the terrorists. Potential terrorist targets Sources within the worldwide intelligence gathering community have told the author that current intelligence data indicates that it is likely that the Islamic fundamentalist groups responsible for the attacks on Sept. 11, 2001will likely be directing their effort at foreign business entities. Any overseas or any domestic businesses of highly visible companies that are part of the anti-terrorism alliance should consider themselves a potential target.

Jan 1, 2002

By Joseph T. Coe, Siavash Mahvelati, Alireza Kordjazi

This paper introduces recent advances in stress-wave NDT systems for use in assessments of in-service foundation integrity and drilled shaft construction. The primary results of the laboratory experiments are very promising, as the acquired image was capable of differentiating changes in pile cross section as low as 0.3 cm. The preliminary results with the same hardware components on a relatively large scale cemented sand model were also promising. A brief overview is provided of both systems including hardware, survey methods, and data processing techniques, followed by a discussion on application of the results to QA/QC of deep foundations. INTRODUCTION There are two main applications in which current QA/QC NDT technology fails to provide sufficient information regarding deep foundation conditions: (1) detection of flaws in outside cover concrete of drilled shafts and corrosion in steel piling; and (2) evaluation of anomalies beneath the bottom of drilled shaft excavations. Previous studies have demonstrated the capabilities of high frequency stress waves for geotechnical and foundation evaluation purposes (Lee and Santamarina 2005; Coe and Brandenberg 2010; Coe and Brandenberg 2012; Coe and Kermani 2016). Higher frequency waves can visualize smaller anomalous features at the expense of higher attenuation and smaller propagation distance. Therefore, the goal of this study was to advance the state of NDT practice by development of a prototype high resolution stress-wave imaging system as proof-of-concept. The equipment and hardware were modular, which allowed simultaneous development of two system configurations for application to in- service foundations as well as drilled shaft excavations during construction. Results are presented based on two large scale soil models. The first laboratory model simulated section loss in an in-service steel pipe pile and drilled shaft foundation (Fig. 1a). The second model simulated anomalous conditions beneath drilled shafts excavations as might be encountered in areas with significant karst (Fig. 1b). For both models, evaluation of foundation conditions relied on the propagation of small amplitude seismic stress waves using hardware similar to those described in Coe and Brandenberg (2010) and Coe and Brandenberg (2012).

Jan 1, 2018

From March to May of 1963, the Bureau of Mineral Resources carried out an experimental aeromagnetic survey at Cobar, New South Wales, to field test a proton-precession magnetometer installation in the Cessna aircraft VH-GEO. The Cobar area was chosen as considerable information was already held on the Earth's magnetic field there, which was known to provide a range of anomalous areas that are not excessively disturbed.A procedure for survey flying and methods for processing data were developed during the survey. Contour maps of the aeromagnetic results were produced in the field. The experimental survey was successful in outlining magnetic anomalies in detail.INTRODUCTIONSince 1951 the Bureau of Mineral Resources, Geology and Geophysics (B.M.R.) has carried out an airborne magnetometer exploration programme with DC.3 aircraft carrying fluxgate magnetometer equipment. Recently a proton-precession magnetometer was developed by the Design and Development Group of the B.M.R. for observatory use. One unit modified for airborne use was installed in the Cessna light aircraft, VH-GEO. The Cessna was modified structurally to take the magnetometer, associated bird, and winch gear.The proton-precession magnetometer has many good features.1. It utilises the transistor and associated solid-state devices in its electronics, and hence is light and small.This is the basic feature allowing its installation in a light aircraft. The transistor circuits have a high reliability factor and owing to the card sub-unit...

Jan 1, 1964

By D. Vogt

South African underground hard rock mines are typically managed using measurements made daily, weekly or even monthly of key parameters such as face advance, readiness to blast, blast success, temperature or dust levels. Health, safety and productivity can all be greatly improved if a real-time measurement system can inform decision making. To enable this vision of widespread sensing, communication and decision support, CSIR has developed an open standard architecture for communication of sensor data, and a reference implementation using that standard. The standard, called AziSA, meaning ?to inform? in isiZulu, will allow any device that complies with it to join any network that supports it. The standard is designed for South African gold and platinum mines. To be practical in a typical Bushveld platinum mine, a real-time sensor system needs to be robust, reliable and cheap: ?Sensors are equipped with power sources that will last as long as the sensor is required. In effect, sensors need to be disposable: cheap enough not to warrant repair if they break. ?Communication in the stope is wireless, to avoid there liability problems associated with wire connections. For example, wires to sensors in the face area are unlikely to survive blasting. ?To get information out of the stope, the power line to the scraper winch is used as a communications link. Unlike a separate communications link, the power line will be repaired if damaged, because of its importance to production. ?Outside the stope, communications are transferred onto the mine communication infrastructure. To succeed as a management system, the next key element is the use of software decision support tools that will analyse masses of real-time data to extract key parameters and trends for decision makers. A range of sensors has been developed, including commercial sensors that have had wireless adapters added to make them AziSA compliant, and bespoke sensors that provide low cost sensing of typical mining parameters. An important parameter in any sensor network is the location of the sensor. This has to be easy and cheap to establish, so a tool has been developed to locate sensors in the confines of a stope, using ultrasonic and radio techniques. Once sensors are installed and located, they associate their location to all data that they produce. All the data from the system are captured at surface in a flexible database that can be queried by any application that requires data of any kind. It is simple to program alerts, and for actions to be associated with alerts. The use of wireless in stope also allows for communication from surface to the stope, or from stope to stope. The first implementation of an AziSA compliant system is being installed as part of the Mine Health and Safety Council funded rockfall elimination project. The design is discussed, and a future application for a platinum mine is considered.

Jan 1, 2009

By R J. Holmes

An accurate knowledge of the chemical, mineralogical and physical characteristics of ores and mineral products that are mined, processed and traded is crucial to effective resource utilisation, plant design, process optimisation and finally quality control to ensure that contract specifications are met. However, all too often the responsibility for sampling is entrusted to managers and personnel who do not fully appreciate the significance and importance of collecting representative samples for analysis, and everyone seems satisfied as long as some material is collected and returned to the laboratory for analysis. Furthermore, sample stations incorporated into the design of new plants are often the first casualties when cost cutting exercises commence. This needs to change, because there is little point in accurately analysing samples if they are not representative in the first place. The resultant analyses can be next to meaningless and the effort taken to analyse such samples is to a large extent a waste of time and resources.Ultimately, a poor knowledge of the characteristics of ores and mineral products limits the ability of mining companies to optimise the life of ore resources and plant performance, and failure to meet final product specifications can have disastrous consequences, including price penalties and more seriously loss of sales contracts. It is high time that sampling is given the attention it deserves as the first critical step in the quality measurement chain.CITATION:Holmes, R J, 2013. The importance of sampling in the mineral industry, in Proceedings MetPlant 2013 , pp 34-49 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Jul 15, 2013

This report presents the results of reconnaissance-level investigations of the mill refuse disposal systems for 15 plants throw-heat the conterminous United States. The sites visited represent a cress section f the copper, iron, lead and zinc, and phosphate industries' practices in the field of fine-grained refuse disposal. The reconnaissance-level investigations were carried out to gather supplemental data to tae in-depth studies of Kennecott's Magma and Phelps Dodge's Morenci tailings deposits and Kennecott's Chino leaching dump. The various sites visited were classified according to the different systems and techniques used by the mining industry. The probable effects and relationships between site conditions and disposal methods were determined and evaluated to the extent feasible by a reconnaissance level investigation.

Jan 1, 1974

By G. L. Oldright, J. D. Sullivan, W. E. Keck

"An apparatus and procedure developed in the laboratory of the South-west Experiment Station of the Bureau of Mines are capable not only of determining the rate and volume of penetration of solutions into porous materials but also of determining the total volume of voids within particles of porous material, and the density. The method is applicable to ores, bricks, concretes, tiles, filter bottoms, or other porous materials of this nature. As will be made clear in the descriptive matter to follow, the method measures (a) the volume of voids within the porous materials and is not concerned with the interstitial space between the particles.Porous materials usually contain some large voids and also pores that are capillary in nature. To measure the total volume of voids in a sample it is necessary to replace the gas or gases within the voids with some liquid of known density. The large cavities can be filled quite readily, but under ordinary conditions a long time may be required to fill capillary pores. As many porous materials are of a decomposable nature it is necessary to evacuate the porous materials and then submerge them in a liquid of known density to bring about saturation in a short time. Then by the use of a hydrostatic balance the volume of porous material (solid itself) can be determined. To determine the volume of porous material plus voids it is necessary to coat the sample with some material, such s paraffin, which will prevent solution from entering the voids; then, by means of a hydrostatic balance, the volume of porous material plus voids is determined and by subtracting that of the porous material from this the volume of voids is ascertained. The rate of penetration of solutions can be determined either (a) by measuring the change in weight as the sample becomes saturated when immersed ni a liquid of know density, or (b) by measuring the volume of liquid penetrating with a dilatometer. In either instance, due to the fact that some penetration takes place as soon as the sample comes in contact with solution and before a reading can be taken, the sample must be paraffined to determine the total volume of penetration. Since many porous materials partly decompose and disintegrate in liquids the rate and volume of penetration can better be measured by dilatometer than by the change in weight, as saturation takes place when immersed in a liquid. The details of procedure for determining (a) total volume of voids, and (b) rate and volume of penetration are given in this paper."

Oct 1, 1930

By C. M. Harrer

The location, features, quality, and extent of iron ore deposits are evaluated in this Bureau of Mines report. The results of pioneer beneficiation on Wyoming taconites and their success are discussed along with developments in the iron-ore mining industry, markets, and economics. Market potential, transportation, resource developments, taxation, cost of iron ore enterprises, and the future of Wyoming iron resources are evaluated. Although occurrences of iron ores in Wyoming were known prior to 1870, early production to 1900 was as a nonferrous metallurgical flux and as mineral pigment for paints. In 1901, the Hartville-Sunrise hematite deposits were available to the Western iron and steel industry and in 1962, the first western taconite operation was placed in production at Atlantic City, Wyo. This investigation disclosed the probability of other large iron deposits in Wyoming. Taconite in the Bradley Peak area of the Seminoe Mountains has a potentiality of 100 million tons; that in the Owl Creek Mountains may prove very large also. Pioneer beneficiation testing has been included, and results have been generally encouraging. Research continues on the large titaniferous magnetite deposits of Albany County, Wyo. At present high-density titaniferous magnetite is being mined and processed at Iron Mountain for heavy-aggregate and as a sized coating for underwater pipelines. Ample mineral raw materials needed for mining and processing Wyoming iron ores are available. Investments for iron-ore processing plants will generally be large, particularly for taconite and titaniferous magnetite.

Jan 1, 1966

By C. M. Harrer

The location, features, quality, and extent of iron ore deposits are evaluated in this Bureau of Mines report. The results of pioneer beneficiation on Wyoming taconites and their success are discussed along with developments in the iron-ore mining industry, markets, and economics. Market potential, transportation, resource developments, taxation, cost of iron ore enterprises, and the future of Wyoming iron resources are evaluated. Although occurrences of iron ores in Wyoming were known prior to 1870, early production to 1900 was as a nonferrous metallurgical flux and as mineral pigment for paints. In 1901, the Hartville-Sunrise hematite deposits were available to the Western iron and steel industry and in 1962, the first western taconite operation was placed in production at Atlantic City, Wyo. This investigation disclosed the probability of other large iron deposits in Wyoming. Taconite in the Bradley Peak area of the Seminoe Mountains has a potentiality of 100 million tons; that in the Owl Creek Mountains may prove very large also. Pioneer beneficiation testing has been included, and results have been generally encouraging. Research continues on the large titaniferous magnetite deposits of Albany County, Wyo. At present high-density titaniferous magnetite is being mined and processed at Iron Mountain for heavy-aggregate and as a sized coating for underwater pipelines. Ample mineral raw materials needed for mining and processing Wyoming iron ores are available. Investments for iron-ore processing plants will generally be large, particularly for taconite and titaniferous magnetite.

Jan 1, 1966

By Hugo T. Dummett

I would like to share some observations about the mining business and place the ongoing discussion in the context of our changed world. The mining industry practices its trade in a universe defined by prices, laws and governments. Prices, as in what the industry is paid for what it produces, and the costs of goods and services. Laws that have to be transparent and fair. And governments that the industry prefers to be stable and supportive of the industry, and certainly not corrupt. However, the day-to-day realities of the mining business in 2000 are not what they were 10 years ago. Several events have occurred that have resulted in a less populated workplace that is obliged to work much smarter and faster. These include real declining prices for most mineral commodities; low and diminishing returns to company shareholders; massive restructuring of the industry through mergers, partnerships and alliances; gold’s changed role from reserve currency to just another commodity; the growing importance of native title and the startling imperatives of “sustainable development.” In addition, the “borderless world” now means that resource companies will need to pass the test of being responsible corporate guests who respect and enhance the social, moral and societal values of their host countries.

Jan 1, 2000