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By L. Mercier, R. Narendrula, F. Desmarais, L. Amaratunga, A. Aledresse

Thiosulfate is recognized as a promising alternative lixiviant to cyanide for the extraction of gold from ore bodies. Gold thiosulfate ([Au(S2O3)2]2), however, is not well-adsorbed by activated charcoal, making industrial scale use of thiosulfate for gold leaching impractical at present. Because of their high specific surface areas (500-1000 m2g-1) and uniform open-framework nanoporosity (pore channel diameters in the range 3-10 nm), functionalized mesoporous silicas are widely recognized as highly effective materials for the selective, rapid and high capacity uptake of mercury, gold and platinum group ions. In the present work, the efficient and rapid adsorption of gold thiosulfate by thiol-functionalized mesoporous silica (hereafter designated MP-HMS) is demonstrated, whereby the thiol groups in the materials bind with the gold complexes by ligand displacement. The adsorbed gold could be leached out using cyanide, regenerating the adsorbent for further uptake cycles. Functionalized mesoporous silica is thus a promising candidate for the preconcentration of gold from thiosulfate leachate solutions.

Jan 1, 2011

By F. W. Crossland

Losses of metal are often traced to incorrect pH/ORP signals in flotation, leaching, extraction, electrolysis, and precipitation processes, aggravated by pressure changes. IC Controls, a Canadian mining sensor manufacturer, developed a new superior pH/ORP sensor that stops metal losses, reduces environmental footprint and contributes to sustainability. The cause of incorrect pH/ORP signal is rooted in the reference. Reference junctions are designed to allow diffusion of reference chloride ions into the process but also allow process ions to diffuse into the reference. This development is important to mines and hydrometallurgists where sulphide, cyanide, ammonia and other poisoning ions are present in the process. These ions react with reference electrolyte components causing the signal to change, drifting from the correct process value. With fluctuating process pressure, ion in migration dilutes the electrolyte producing similar signal drifts. If process ion in-diffusion could be stopped, the pH/ORP signal would be accurate. IC Controls new pH/ORP sensor stops process ion in-diffusion, and remains accurate over long periods. New processes using higher pressure and fluctuating pressurized reactors will greatly benefit from stable pH readings. Similar to IC Controls' proven model 642 Mining pH sensor, our new model 647 contributes to sustainability through reducing disposal costs from waste reagents, lost metal and fewer used sensors.

Jan 1, 2014

By A. C. Moerman, C. W. Pelley, K. R. Notley

"The software package described in this paper facilitates the handling of diamond drilling information in the creation and maintenance of a geological information database. Once entered, the drilling information is stored in a direct access file for rapid retrieval. The drill data are sorted into vertical cross sections and interpretation is performed using on-screen menus to define areas of common rock type and outline the mineralized zones. Intersections of individual zones can then be examined and outlined in the longitudinal dimension at a graphics terminal.With the aid of surface-fitting routines, the digitized information can be used to generate three-dimensional models of each zone. From these models intermediate cross sections and level plans can be obtained. Several interpretations are possible and plotter drawings can be obtained. An output file for use by ore reserve estimation software can also be created.Future work will tie this software to geostatistics and mine planning programs and will be aimed at converting mainframe software to run on microcomputers. IntroductionComputer applications in underground mine planning and geology are not new. Operations such as Sherritt Gordono and Kidd Creek have been using software developed about a decade ago for handling geological information and designing stoping blocks. However, general use of such systems has been limited mainly due to the cost of hardware which was affordable only to large corporations. Software to perform the work was usually developed on site and was largely unavailable for use by others, being site-specific, or too expensive for other organizations to purchase.The increasing power of microcomputers and mini-computers, and their relatively low cost compared to the mainframe computers which were previously used, has led to the increased use of computers at mining operations of all sizes. Sources of software for use in geological interpretation and mine planning have increased in number with the proliferation of the use of microcomputers."

Jan 1, 1988

By H. F. Zurbrigg

"The Frood-Stobie Mine is by far the largest metal producer in the Sudbury area. Its efficient development was made possible by the consolidation of three mining properties that covered parts of the same ore body. They were known as the Frood Mine, the Frood Extension, and the Stobie Mine.The southwest or Frood portion of the orebody was discovered by Thomas Frood and A. J. Cockburn in 1884. Cockburn's interest was acquired by J. H. Metcalf and W. B. McAllister and patents were issued to Frood, Metcalf, and McAllister in 1884. The property was purchased by the Canadian Copper Company (lnco) in 1886.James Stobie discovered the northeast or Stobie part of the orebody in 1885. In 1886 Stobie and Rinaldo McConnell applied for the location and patent was issued in 1886. They sold the property to the Canadian Copper Company (lnco) the same year.The Frood Extension property included very little of the ore zone at surface but it covered ore down the dip from Frood. Frank Cochrane was granted title to the property in 1908 and sold it to the Mond Nickel Company in 1910. The title was transferred to the International Nickel Company in 1929 at the time of the Inco-Mond merger.Prior to 1930 the three properties produced a total of about 1 ,000,000 tons of ore from mining done during the periods 1887-1903, 1913-1915 and 1925-1929. Since 1929 the Frood-Stobie operation has produced more than 120,000,000 tons of ore, about half from open pits and half from square set and blast hole stoping. The current production rate is in excess of 6,000,000 tons per year.The principal products from the ore are nickel and copper. The by-products are iron ore, cobalt, platinum, palladium, rhodium, ruthenium, iridium, gold, silver, selenium, tellurium, and sulphuric acid."

Jan 1, 1949

By G. Yan

The gas diffusion layer (GDL) is one of the most critical components of the proton exchange membrane fuel cell (PEMFC) in achieving good performance. The GDL serves as a current collector, transport media for fuel and oxidant to the catalyst layers, a support for the catalyst layer and a medium for water management. In this paper, we will discuss the modeling and experimental measurement of the reactant distribution in the GDL and to the catalyst layer. This will be done for some new and advanced engineered GDLs. Novel optical technique which correlates measured data with reactant distribution are used. This technique combined with modeling allows optimal design of engineered GDLs.

Jan 1, 2005

By R. H. Andrews, F. J. West

"Jones & Laughlin Mining Company, Ltd. operate the Adams mine at Kirkland Lake, Ontario, where they mine approximately 4,000,000 tons of extremely hard iron-formation and 3,500,000 tons of volcanic waste rock annually in order to produce 1,100,000 tons of iron pellets. This paper will discuss the maintenance of the four Model 1600 P & H shovels and the two 50-R drills used to obtain this production. The chief maintenance problems at the mine are due to the hard, abrasive ore and the cold winter weather."

Jan 1, 1970

By J. Kramer, T. Hartmann

In the Hydrometallurgical processes, the presence of the so-called “crud” is a constant challenge in solvent extraction. Crud is a stable emulsion which forms along the interface between the aqueous and organic phase. The spread is influenced by the following parameters: first, wind blows the dust and impurities into the open sedimentation tanks. Second, the undissolved solids such as sand transported in the PLS causing problems in conjunction with incorrect agitator design. The crud fraction can decisively impact the efficiency of the hydrometallurgical extraction because the phase interface can constitute a large fraction and the sedimentation tanks cannot react flexibly to it. In the downstream process of the seriesconnected sedimentation tanks, they are thus all contaminated with crud. At the same time, the necessary mass transport is significantly impeded at the phase boundary between organic phase and aqueous phase due to the crud formation. The transfer of the organic phase into the electrolysis cell can result in a “burnout” of the cathode. The carry-over of this electrolyte into the extraction can cause problems with the pH regulation. The carry-over of the organic components into the raffinate also leads to contamination of the leaching circuit. The continuous treatment of the crud with a 3-phase decanter centrifuge is extremely effective in combating this problem. This technology splits all three phases from each other and they are consequently continuously separated. All subsequent process steps exhibit a stable, uniform effectiveness. The main advantage for the customer is that fluctuations in the process are eliminated and the organic phase can be recirculated back to the extraction. The recycling of the solvent alone justifies the investment in less than 6 months as examples from South Africa and Chile show. To operate solvent recovery in daily operation fully automated online at the optimum limit, the decanter centrifuge is equipped with a concentration-dependent pond adjustment called DControl®. By this means, we can guarantee our customers the maximum possible solvent recovery and minimise the solvent costs in this process step. This system is presented in detail in this paper.

Jan 1, 2012

By E. Ghali, A. D. Bas

"Treatment of oxide, e.g. roasted gold ores has received relatively less attention than sulphidic ones and recently, handling of oxide gold ores is becoming essential. In this study, the influence of roasted gold ore (RGO) slurry (at 35% solid ratio) on the electrochemical dissolution of gold has been examined using pure gold and iron oxide minerals (hematite, maghemite, and magnetite) as disc electrodes by zeroresistance ammeter mode either in one or two separate containers. The presence of slurry decreased galvanic currents, i.e. corrosion rates due to the release and increase in the amount of soluble and/or insoluble species that could retard further the anodic behaviour of gold. Higher galvanic currents were observed in two separate containers than that in one container indicating the primary importance of galvanic interactions. SEM-EDS results observed iron hydro/oxide coatings on gold surface in case of magnetite test. However, in case of RGO electrode it is not a perfect passivation, although somewhat decreasing trend was observed on gold dissolution. These findings have revealed that passivation is not only a laboratory phenomenon, but also it could be responsible for the slowdown of gold dissolution in industrial practice.INTRODUCTIONThe cyanidation of gold is an electrochemical corrosion process thus; the dissolution of gold can readily be studied by electrochemical techniques. The outcome/summary of previous electrochemical studies of gold leaching can partially be summarized as follows: Filmer (1982) and Lorenzen and van Deventer (1992) reported the negative effect of pyrite and pyrrhotite on gold leaching due to the galvanic interactions; Aghamirian and Yen (2005) studied gold galvanic corrosion in presence of sulphide mineral electrodes only in one cell using zero-resistance ammeter (ZRA) mode; Dai and Jeffrey (2006) discussed, individually, the anodic and cathodic behaviours between gold and sulphide minerals, and Azizi et al. (2010, 2011) used a bed reactor to examine the influence of sulphide minerals on gold dissolution in one and two separate cells. Accordingly, a slowdown in gold leaching has generally been attributed to the passivation phenomenon, although the indication of this phenomenon is still an undergoing debate. For instance, Mrkusic and Paynter (1970) identified the passivation as the film formation of dissolved species from calcine, Crundwell (2014) explained passivation, in the case of corrosion of metals, as the formation of a layer which is composed of a new chemical species on the mineral surface and this layer inhibits or blocks further reactions. He suggested that passivation is related to the oxidation of the metal, and the formation of a passive layer that retards the rate of dissolution by several orders of magnitude. Consequently, galvanic interactions, passivation phenomena, or combinations of them are considered significant electrochemical factors affecting gold dissolution (van Deventer, Reuter, Lorenzen, & Hoff, 1990; Azizi, Petre, & Larachi, 2012). It is important to note that generalizing the influence of a mineral/metal on gold dissolution may not be correct in all cases, since contrary behaviours/results (for pyrite) have been observed (Aghamirian & Yen, 2005). Therefore, electrochemical study of gold is still a subject of research and need to be examined further in detail."

Jan 1, 2016

By C. L. Lewis

"The development of computer process control at the Lake Dufault concentrator is reviewed and the on-stream X-ray analysis -computer system is described briefly. Some applications of the computer in metallurgical process control are described.The computer sequences slurry sample streams to the analyzer and translates the analytical results from voltage signals to elemental percentages. The required flotation reagent flow rates are calculated from analyses and mill-feed tonnage rates and the reagent feeders are set automatically to provide such flow rates. X-ray calibration time has been reduced from about 45 minutes to 15 minutes by the use of a computer program. Metallurgical and operating personnel have acquired the ability to program the computer and have extended the system capability to allow the calculation of recoveries, averaging of mill data, application of ore specific gravity in grinding control, control of oxidized ore flotation and the development of an economic recovery program."

Jan 1, 1971

By Damian Connelly

The option to leach iron from low grade copper concentrates could reduce transport costs and significantly improve the saleability of the concentrate. In addition, it reduces smelting costs and can remove undesirable impurities. The trend to produce cleaner and higher grade copper concentrates is very appealing to the smelters. A recent copper project came on line and there were three serious deficiencies which were not identified in the feasibility study. This came as a surprise and resulted in a number of projects to investigate ways of rectifying the problems in the shortest timeframe possible and using minimal new capital. The first serious issued not identified when commissioning was the lower than expected copper recovery, which was 70% compared to a predicted recovery of 80% to 87% in the feasibility study. This required investigating new flotation reagents and incorporating controlled potential sulphidisation. The second serious issue overlooked is the presence of significant amounts of talc minerals (insol) in the ore which are naturally floatable. This leads to lower concentrate grade and attempts to remove the talc resulted in lower copper recovery. Smelters have limits on the amount of talc in concentrate because it produces viscous slags and difficulties for the smelter. It also incurs higher transport costs. The third serious issue not identified in the feasibility study was the high arsenic reporting to the concentrate. Arsenic is a penalty element for smelters and at levels exceeding 0.3% the smelters may reject the concentrate. Arsenic is a problem environmentally for copper smelters and penalties apply when it is high. This paper describes the options for penalty element removal and suitability to incorporate into the modified flowsheet. It also highlights where the geometallurgy was not properly addressed and how these surprises could have been avoided. INTRODUCTION From 1970 to 1985, a copper company undertook metallurgical testwork on the Peruvian project copper ore. The ores were mined underground and treated over many years previously. Various other groups undertook studies and work until Aker Kvaerner undertook a feasibility study in 2006. Three ore composites were tested and grind-recovery relationships were developed. The feasibility study testwork identified that talc was a possible concern and will have an impact on copper concentrate grade. This was to be managed by blending. The current operating reality is that there is so much talc in the ore body it is not possible to blend it out. There was far more emphasis on molybdenum recovery. No mention was made of arsenic issues other than blending. There was a Concentrate Leach Study and a Molybdenum Hydrometallurgical Plant Study but these options did not proceed to a final flowsheet. A Scoping Study in 2006 looked at a Heap Leach project. The heap leaching gave very poor copper recovery on the sulphide ore. Heap Leaching was evaluated and tested for the high talc and high arsenic ore but recoveries were poor. The Aker Kvaerner feasibility study opted for a simple primary crush SAG/ball grind followed by flotation and sale of a concentrate. This is the current flowsheet utilised and the scale of the project is very large based on processing 117,200 tonnes of ore per day. A feasibility study does not guarantee success and the deviations from the feasibility study suggest there is a lot of technical work required to improve the current metallurgical performance.

Jan 1, 2019

By Donald A. Cranstone

Donald Cranstone holds B.Sc. (Honours) and M.Sc. degrees in Geology from the University of Manitoba and a Ph.D. in Economic Geology from Harvard University. He has worked as a mine geologist, a provincial geological survey geologist and as a senior exploration geologist. He joined what is now the Minerals and Metals Sector of Natural Resources Canada in 1971, where he has been a commodity specialist for gold, for copper and another 28 metals. He is a senior mineral economist, currently engaged in analysis of mineral exploration and discovery success in Canada and of the future of the Canadian mining industry. Abstract This paper examines the history of Canadian non-petroleum mineral production. The outlook over the next 25 years, for mining in Canada and in each province and territory, is reviewed. The outlook for mining in Canada and in most provinces/territories is favourable, but problems seem likely in a few jurisdictions unless new orebodies are brought into production. In terms of exploration potential, Canada consistently ranks among the top three countries in the world. Over the last eight years, Canada has consistently been second only to Australia as a destination for exploration investment. For the first time, Canada is ranked in terms of total mineral production, including coal and construction materials, relative to all the countries of the world including countries of the former communist bloc.

May 1, 2001

By S. Kapusniak

Specialist Machine Developments (SMD) is a design and manufacturing company involved in the design of Remotely Operated Vehicles (ROV?s), ploughs, trenchers and mining machines for use in submerged environments. Established in 1971, the company has made over 500 vehicles for subsea use. These range in size from small remotely operated swimming vehicles with a weight of less than a tonne to heavy duty seabed crawling machines with a weight of up to 310 tonnes (in air). Primarily, these machines have been designed for offshore vessel-based applications, but the machines are equally suited to other submerged mining applications onshore. Many onshore deposits can technically and theoretically be mined using currently available submerged mining ROV technology. Similar equipment to that in use subsea could easily be fast-tracked into use to extend the life of opencast mines facing severe hydrological problems. It could also easily be used to mine vertical ore-bodies where the stripping ratio has become uneconomical due to increasing depth. In some cases mining ROVs could even be suitable for use as the primary extraction method for a new mine. Exploration and extraction techniques used in oil and gas gradually developed and moved from land to offshore in the middle of the last century. Are we about to witness a similar shift with other minerals? This paper describes the design concepts of submerged mining equipment, targetted subsea mineral deposits, the suitability of submerged mining ROVs for onshore deposits, limits to their application and parallel research and development activities which will help to accelerate the use of such equipment in the emerging submerged mining sector.

Aug 1, 2013

By O. Kodym

The paper has focused on possibilities of interconnecting information sources concerning monitoring & control of mining industry technical processes (TP), and the related safety hazards. The key issue is the comprehensiveness of the information presented to users. Information can be presented by virtual reality means, when the seemingly true presentation of the production process scene along with user friendly presentation of related information is available. The user in its role of a process supervisor is not only a mere scene observer but, thanks to the interactive functions of virtual environment, he participates in the scene of his control. As such his control and management abilities increase because he can absorb, more easily understand and asses the information provided.

Aug 1, 2013

By M. Soleimanifar

With more and more industrial construction projects implementing RFID and other sensor-based technologies on fabrication and project sites, new innovative processes are needed to help automatically read and re-position RFID tags while reducing the cost to deploy RFID infrastructure over large areas. RFID tags are being used on construction sites to help identify the location of materials, equipment and personnel to aid in finding project critical materials and equipment required to construct the industrial facility on time and on budget. This research provides a cost-effective process for reading tens of thousands of RFID tags over large project sites from outdoor laydown yards, to warehouses to the workface where the materials and tagged equipment are installed. Based on the collected RFID and sensor data, localization mechanisms determine the most recent coordinates of the tagged components. The paper will cover analysis of RFID collected data and key lessons learned from a commercial deployment of the SiteSense® system with one Alberta-based industrial contractor, JV Driver Fabricators, at an 80-Acre module, pipe spool and structural steel fabrication site.

Aug 1, 2013

By R. B. Roberts, A. L. Mular

A simple way to determine the IEP of oxide minerals is described. The method is shown to apply for fine powders of Fe203 and ZnO. The IEP lies at pH 6.95 for Fe203 and at pH 9.08 for ZnO.

Jan 1, 1966

By MacKenzie Dickson

"INTRODUCTIONGold is found in many natural states, native nuggets, loose grain in river sands, veins in rock, as well as associated with sulphides, oxides, etc., disseminated more or less minutely.Its high value in recent years has spawned new technologies to win values from sources once considered too lean for commercial recovery. Cyanide leaching from fine milled ore or tailings, from upstream recovery operations, coupled with adsorption onto relatively coarse granules of activated carbon, concentrate the gold enough to be converted to bullion by time-honoured methods.The carbon granules are fragile. Size degradation in handling must be minimized not only to prevent loss of gold on fine fragments of carbon that could pass with the barren tailings, but to maintain adsorption efficiency. Besides, the granulated carbon itself is costly. Circular Vibroscreens are winning acceptance for dewatering carbon granules thanks to their gentle yet effective performance in gold recovery systems around the world. The system at Equity Silver is illustrative.BackgroundEquity Silver Mines Ltd., Houston, British Columbia, first began production in September 1980. In 1984, a feasibility study showed that additional gold and silver could be economically recovered through cyanide leaching of the flotation tailing.Although the carbon-in-pulp (ClP) or carbon-in-leach (CIL) process is commonly used for extracting precious metals from slurries, the use of circular vibrating screens, and Vibroscreens in particular, for the carbon circuit is an innovation that cuts costs.Rectangular vibrating screens have been the conventional separation mechanism of choice across North America. In contrast, the use of Vibroscreens has been proven to be less costly for the initial purchase and installation. Also, these circular vibrating screens require less power and less space. A description of Equity Silver Mines' process shows how these screens have been successfully integrated into the system."

Jan 1, 1989

Cominco began investigations about ten years ago relative to noise abatement in underground operations. As a result of intensive research, this study has advanced so that the practice now has wide application. Automotive mufflers are used on vane-type blasthole diamond drills. Exhaust hoses are attached to longhole percussion drills. Hand-held drills, such as airlegs and stopers, are equipped with mufflers which are either part of the drill, as received from the manufacturer, or are light rubber de-vices developed, fabricated and installed by Cominco. Ear defenders are in general use. The paper reviews details of practices employed, and assesses the success achieved. Noise is generally associated with some of the basic equipment used in mining. About ten years ago, in order to improve on this situation. The Consolidated Mining and Smelting Company of Canada Limited began investigations relative to noise abatement in its underground operations. As a result of intensive research, this study has advanced to the point

Jan 1, 1964

By Ross Gilders, Leo Cheung, C. David Desjardins

"For the past twenty years significant progress has been made in bacterial leaching. In fact, a recent article in the Northern Miner has cited that nearly all new copper production is based on bioleaching. The bacteria that play the predominant role in bioleaching is an obligate chemolithoautotroph called thiobacillus ferrooxidans. These bacteria thrive in areas rich in sulphide and prefer low acid media. In the simplest sense, they metabolize sulphide converting it to sulphate either as acid or as soluble metal sulphates. This process is well known because these bacteria generate acid mine water. Over the last five( 5) years, we have been carrying out development work on creating optimum bioleach conditions for the extraction of metals from sulphide rich ores and concentrates. Recently, a study was carried out on a byproduct sulphide concentrate produced in a tin flowsheet developed for the Mt. Pleasant Mine of ADEX Mining Corp. The objective was to determine whether a bioleach process might successfully leach this sulphide material which contains copper, zinc, iron and, what is more important, trace metals such as Indium, Gallium, and Bismuth. The current work describes the successful recovery of these metals achieving extractions of more than 80% by applying bioleaching techniques. An overview of this technical program forms the basis of this paper.IntroductionBio-Oxidation of metal sulphides has emerged to be one of the leading edge hydrometallurgical processes for the economic extraction of metals from ore and concentrates. The fundamental process involves the bacterial assisted oxidation of sulphide to sulphate yielding metal sulphates which can be subsequently leached by conventional means. The bacteria that play the predominate role is an obligate chemolithoautotroph named thiobacillus ferrooxidans (TF). These bacteria thrive in areas rich in sulphide and occur naturally worldwide. In fact, TF is responsible for generating acid in water (acid mine water) from exposed sulphide surfaces primarily through the oxidation of pyrite. TF bacteria thrive under the proper conditions of temperature and oxygen supply in the presence of sulphides and populations in excess of a million per millilitre (ml) of solution are achievable. Typically, at room temperature, the bacteria will bio-oxidize in a pH range of 1.0 to 3.0. Today, bio-oxidation has been applied commercially with great success for the extraction of uranium, copper, and gold."

Jan 1, 1996

By Mauro Chiesa

An Overview on the Presentation A.The Markets ?Mining Industry ?Capital Markets ?A Six-Cell Matrix of Strategic Options B.De-Risking The Mining Assets ?The Value-Added ?The Assets: Current and in Development ?The Feasibility Study C.(Questions, and answers) Post-Crunch: Some Maxims ?Three Metal Market Models No Longer Prevail ?New models are uncharted: ?be prepared?(ref: Lord B-Powell). ?Capital markets are pricey & uncertain: be your own financier first ?focus on value and on cash-flow (not oz, lbs, tonnes, LOMs, etc) ?Know your banker/financier(and it should know mining) ?In the past, it was ?know your borrower? ?It?s a buyer?s market that wants the ?right deal?: so cast a big net: ?Data must be current, concise and consistent ?3rdparty validation of feasibility work is now a ?passport? ?The risk matrix, with de-risking, is as important as the ?math?

May 1, 2011

By Michael K. O’Leary, William D. Coplin

"Risks from political instability and government policies restricting equity ownership, local operations and transfers of payments affect the profitability of foreign mining ventures. More than seat-of-the-pants judgments and old-boy networks are required to anticipate these risks and to take actions appropriate to offsetting them. A system for making political forecasts, called the Prince System, and a series of charts relaying risk s to a production of key minerals will be presented.IntroductionFirm s with extractive operations outside their home country do not have to be told that political stability and government decisions play a big role in the success o f their operations. The takeover of copper firm s in Chile during the Allende administration in 1971 and the recent decision by Venezuela to reduce Reynolds Metals equity share in a smelting operation from 50% to 28% are two examples of hundreds of events that have determined the profitability of extractive operations over the past decade. Both risks and opportunities for international firms seeking to produce and market raw materials are heavily affected by political conditions. While news of political events travel much faster than in the past and host governments are more clever in shaping the risks as well as the opportunities, politics has always been part of the mining business.What has changed is the need to be more systematic in approaching the assessment of political conditions and how it affects business. The increasing costs of extractive operations, the need for long-range planning, the importance of financial arrangements and the world-wide scope of man y firm s' activities require that the assessment be updated continuously and be comparable across different countries and different types of investments. Political risk analysis, the assessment o f macro-political changes and specific governmental decision s on the operations of extractive industries needs to become as systematic and integrated into corporate decision -making as economic analysis has become over the past two decade s."

Jan 1, 1983