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By James W. Cassie

The Snap Lake Diamond Project is located approximately 220 km northeast of Yellowknife, NT, Canada at an approximate latitude of 63?35?. The project location is within the zone of continuous permafrost; measured ground temperatures are about ?2?C at 10 to 20 m depth below surface. The site is located on a peninsula jutting into Snap Lake. The site is generally barren of vegetation, except for some isolated areas with low trees located in topographic lows and near the shoreline of Snap Lake. As part of phased evaluation process with regards to the mining project, an Advanced Exploration Program was undertaken in 2000 and 2001. This program included the underground extraction of a bulk sample of kimberlite, which was processed on site. A Processed Kimberlite Containment (PKC) area was required as part of this program. The area chosen as the PKC facility was a small inland lake, called Inland Lake #1, on the peninsula. Construction of the PKC area required the construction of two dams, one on either end of the lake. At the south end of the lake, Dam 1 was constructed partially on a talik and partially on continuous permafrost. Dam 2 was constructed entirely on permafrost. The effects of the remote location, selection of suitable construction materials and permafrost conditions on the designs of the dams are discussed. A description of the design elements and construction schedule are provided. A review of the performance of these two dams, in terms of settlement, deformations, pore pressures and thermal regime, over the last several years is provided.

May 1, 2003

By Stephen Hammond

?Our own prejudices form the greatest barrier to creating an inclusive working environment.? Have you witnessed? Racism or Negative Comments about an Aboriginal Person? ?You are free to compete with all the others?, and still justly believe that you have been completely fair.? Lyndon B. Johnson

May 1, 2008

By Bruce Mennie

PT Freeport Indonesia (PTFI) operates copper and gold mining operations in a mountainous area of the Mimika regency, near Tembagapura, Papua (formerly, Irian Jaya), Indonesia. The mining and concentrating operations typically produce 240,000 metric tonnes per day of Copper and Gold ore from the combined mining of an 80,000 tonne per day (ore) block cave operation (DOZ Mine) and a 160,000 tonne per day (ore) open pit mining operation (Grasberg Open Pit). The Grasberg Open pit mine will be complete in 2016 at which time PTFI?s operations will convert to Underground. Mining operations will transition from today?s mixed surface and underground operation to full underground mining over the next 6 years. This paper reviews the history of Redpath?s relationship with PTFI, beginning with a raiseboring contract in 1981 and evolving into vertical and horizontal development contracts of up to 37,700 equivalent metres of lateral development and 4,000 metres of vertical development in 2011. An overview of the current operations (PTFI?s Grasberg Open Pit and DOZ Underground Mines) and transition period (challenges for the transition from current to future underground mines) is presented with details of development of common underground infrastructure and future mines; Big Gossan Mine, DMLZ Mine, Grasberg Block Cave Mine, and the Kucing Liar Mine.

Oct 1, 2010

Pressure for Better Safety Practices ? Increase Government Regulation ? Safety practices evolve from: ? Increased efficiency and performance ? More knowledgeable workforce ? Focus on decreasing risk to shareholder value In Order to achieve this ? Focus Points: ? Skill Development ? Best practices ? Situation-based decision making ? Enablers: ? Adoption of new technologies ? Transformed miner education ? Delivering on-demand information to the point of work Results: Miners empowered to improve mine safety

Aug 1, 2013

By G. Warren

"In the past, smelting and refining of the precious metals recovered from ore has been generally looked upon as a small and relatively minor component of the business of gold mining. This is not surprising when one considers that the manpower, space and capital components of a gold refinery at an operating mine can be several orders of magnitude smaller than other unit operations at the same location. This philosophy is changing however, as economic and environmental pressure are forcing a re-evaluation of all aspects of gold mining and milling.This paper describes and evaluates three furnace technologies available and used by precious metal operators. The operation of arc, induction, and reverberatory furnaces are discussed and their strengths and weaknesses with respect to capital cost, impurity removal, slag quality, and environmental concerns highlighted.INTRODUCTIONIn the past, smelting and refining of precious metals recovered from ore has been generally looked upon as a small and relatively minor component of the business of gold mining. This is not surprising when one considers that the manpower, space, and capital components of a gold refinery at an operating mine can be several orders of magnitude smaller than other unit operations at the same location. Generally, gold producers will spend a great deal of effort to squeeze the last drop of efficiency out of a leach or grinding circuit via simulation or testwork but will design and build the refinery based upon past practices or industry standards. That past practices or industry standards will provide a functional refinery is undisputed; that this philosophy achieves the efficiencies that are possible or demanded in other plant operations is debatable.Environmental and worker hygiene requirements are considerations as well. Pollution control equipment can become a substantial contributor to both the capital and operating costs of a refinery and furnace selection has a marked influence upon the type and cost of this equipment. Slag characteristics and subsequent processing options available also play a role in furnace selection as precious metal slag losses and the recovery effort can greatly influence the cost / benefit analysis of a particular technology."

Jan 1, 2001

By C. Velásquez, W. Bergholz, C. Spence, P. Lind

NuevaUnión SpA (NuevaUnión) is a development project located in the Huasco province of the Atacama region of Chile. It is held in a joint venture company owned 50:50 by Teck Resources Limited (Teck) and Newmont Goldcorp. It includes the Cu-Mo Relincho deposit and the Cu-Au La Fortuna deposit, with plans to utilise a single concentrator to be built at the Relincho site. The Relincho site is at an altitude of 2,000 masl and is 40 km from the La Fortuna site which is at an altitude of 4,100 masl. The project is currently completing a Feasibility Study and is reviewing equipment selection and flowsheet options. This paper is based on the current thinking, and design decisions will be finalized at the completion of the Feasibility Study. NuevaUnión is currently planning for phased operation, processing Relincho ore at 104 ktpd followed by processing ore from La Fortuna at 116 ktpd. Plans for the third phase include doubling the main processing lines and returning to Relincho ore at a processing rate of 208 ktpd. The NuevaUnión concentrator will incorporate comminution and flotation circuits that are being designed to maximize the overall economic value of the combined ore deposits. Major ore characteristics differ between the two ore bodies, such as ore competency, grindability, liberation grind size, pulp rheology, tailings properties, minerals and metals of value, as well as gangue mineralogy. Mineral processing choices have been made to optimise value from each deposit and the combined project. INTRODUCTION Between 2010 and 2013, two significant mining projects were being developed in Chile: Goldcorp’s El Morro project had recently finalized a Feasibility Study and, in 2011, had received its environmental approval for construction; and Teck Resources Limited’s (Teck) Relincho project was finalizing a Feasibility Study and preparing its Environmental Impact Study. Both projects were: Geographically close, at only 40 km apart. Considering similar infrastructure. Each was planning to have its own concentrator, tailings management facility, high voltage power line, port, concentrate transport system, seawater desalination plant and pumping system to mine site.

Jan 1, 2019

By L. A. Melis, J. W. Rowson

"Cluff Mining operates the Phase II uranium mine and mill at Cluff Lake, northern Saskatchewan. During the Phase I operation, uranium tailings were generated by acid leaching of a gravity concentrate and high-grade ore for uranium recovery. The pre-treatment gravity process, as well as the high-grade nature of the ore, led to a concentration of gold in the tailings which justified the installation of a small circuit to recover the contained gold. The operating circuit consists of tailings repulping, grinding, cyanidation, carbon-in-pulp, gold recovery, and cyanide destruction by acidification, volatilization and re-neutralization. The process is described and typical operating parameters are provided. 1.0 INTRODUCTIONCluff Mining, a Saskatchewan partnership, is owned 20 percent by Saskatchewan Mining Development Corporation (SMDC) and 80 percent by Amok Ltd./Ltee. (Amok), manager and operator of the partnership.The current operation includes the Phase II uranium mining and milling facilities, located at Cluff Lake 700 km north of Saskatoon, capable of processing 300,000 tonnes of ore to produce about 4,000,000 lbs. U308 (1500 tonnes of uranium) per year.The Phase I operation was initially established to process the very high grade ""D"" uranium orebody from 1980 to 1983. The leach tailings from the operation Phase I mill operation were found to contain elevated levels of gold. These high gold values were partially due to the gravity pre-concentration step included in the uranium recovery circuit, and to the naturally high levels of gold associated with the uranium mineralization in the ""D"" orebody."

Jan 1, 1988

By Bin Tang, Suping Yao

In the last decade, the copper industry in China has developed rapidly and attracted the world’s attention. The production capacity of refined copper has grown remarkably from 4.578 million tons in 2010 up to 9.029 million tons in 2018, accounting for about 40% of the global refined copper production. And now, China has become the biggest refined copper producer in the world. This paper summarizes the application of modern copper metallurgical technologies such as Outotec flash smelting/converting technology, Cyclone smelting technology, TSL (ISA/Ausmelt) smelting/converting technology, Jinfeng side blown smelting and Baiyin side blown smelting technology, Chifeng side blown smelting and continuous top blown converting technology, SKS bottom blowing technology, Dongying two-step smelting technology, copper electrorefining with high current density, etc. in China’s copper industry, analyzes and compares the characteristics of those technologies and presents the great efforts of China’s copper smelters in adapting to the increasingly strict emission standards and improving economic benefits of copper smelters. INTRODUCTION China has been the biggest refined copper producer in the world for many years. China produced million tons of refined copper in 2018, accounting for 40% of the copper smelting production in the world, and of which, roughly, 70% of the copper concentrate was imported, mainly from Chile, Peru and Australia. ICSG (International Copper Study Group, 2017) shows clearly the position of top 20 countries of copper production and copper mine production (Figures 1 and 2). Blast Furnaces, Reverb Furnaces and Electric Furnaces dominated China Copper Smelting for quite long time till 1980s. The first modern copper smelting technology (flash copper smelting) was introduced into China in 1980s, then followed by Noranda, Ausmelt and ISA. Since then, China copper smelting technology stepped into modern time. Since 2000, old processes (Blast Furnace, Reverb Furnaces and Electric Furnaces) were phased out and replaced by modern smelting technologies. China Copper Production has been increasing dramatically (Figure 3).

Jan 1, 2019

By J. G. Strasser

"There has been considerable output over the last three decades from the social sciences concerning man and his working environment. In the mining industry at large, however, authoritarian, hierarchical control systems remain the norm, and it can be argued that something less than optimum effectiveness in terms of both productivity and worker satisfaction has resulted.Recently (/975), Campbell Chibougamau Mines Ltd. devised a most interesting organization and incentive system that links the underground production of a standard ton of mined output at controlled grade to an incentive payment scheme. A parallel scheme in the mill complex is based on maximizing recovery of copper and gold from available feed. A key part of both minsystems is the formation of groups who have considerable autonomy, particularly when compared to the still prevalent traditional mining industry relationships between the worker and supervisory levels.This paper traces the development of Campbell Chibougamau's system . Attention is drawn to qualitative and quantitative measures of the success of the method through the commentary of those miners involved in the scheme, and by reference to the favourable records on productivity, absenteeism, safety, turnover and grievance activity.IntroductionPyramidal or hierarchical management control systems, coupled to piece-work incentive schemes, predominate throughout Canada's underground mining industry. Although specific details of such systems vary from site to site, they , are generally understood and accepted as fact by the majority of the work force.Normally, a front-line supervisor (shift boss) directs a number of workmen and assigns them to tasks and working locations commensurate with their abilities, knowledge, training and skills. This front -line supervisor may direct or supervise from as few as 12 to as many as 75 or more workmen. He issues orders according to his assigned production objectives and ensures that these directions are fulfilled in accordance with standard mine practice . Several shift bosses are usually directed by a mine foreman or mine captain. The mine captains report to a general foreman or directly to the mine superintendent or his assistant, depending on the size and scope of the operation."

Jan 1, 1981

By R. Boom

Corus Umuiden, formerly Hoogovens, was the first steel plant in Europe after Voest to introduce oxygen steelmaking. In the decision-making process contacts with Dofasco in Canada about the production of formability steel grades were crucial. In developing oxygen (LD-) steelmaking high liquid steel output rates had to be combined with accurate process control. For ingot casting static models with input control and sampling during interrupted blowing were sufficient to deliver liquid steel within the required carbon, phosphorus, sulphur and temperature windows. Computers were introduced to perform the complicated charge calculations. Continuous casting called for strict control of composition and temperature at process end point and made predictable timing crucial. Dynamic control was introduced based upon sub lance measurements and waste gas analysis. Reliable disposable measurement sensors were developed in a concerted international action. Dissolved oxygen at blow end deteriorated the quality of low carbon aluminium killed steel grades. Blowing gases through the converter bottom improved process kinetics, resulting in lower carbon-oxygen products, yield increase and better phosphorus removal and generated new families of hybrid blowing processes. Introduction of secondary metallurgy facilities such as argon stirring stations, vacuum degassers and ladle furnaces relieved the demands for strict BOF end point control. Desulphurisation of hot metal became standard practice. In regions with scrap shortage hot metal desiliconisation followed by dephosphorisation, was introduced in the blast furnace cast house and hot metal transfer ladles. Later redundant converter vessels were used for pre-treatment, resulting in a two-stage process. The fundamentals of oxygen steelmaking are described and a vision on the future is presented.

Jan 1, 2004

By J. Sammut, T. G. Joseph, R. Andreev, M. Curley

"Decisions regarding mining method and subsequent choice of excavator must take into account the quantitative factors of productivity, availability, and capital, operating, and maintenance costs. Dig performance was compared between a hydraulic excavator (HE) and electric rope shovel (RS) of similar size class (i.e., use the same amount of energy to excavate a unit quantity of the same material from a mining face), focusing on the quantitative factors above. Machine performance, normalized to bucket capacity, was assessed as a function of hours of service (60,000 hours per machine). Results showed higher production rates for the HE of similar capacity and age. In general, the RS exhibited lower service cost per volume capacity, though it had higher capital cost. The RS became more cost effective than the HE of similar capacity within approximately 30,000 hours of service. ¦ KEYWORDS Cost, Electric rope shovel (RS), Excavation, Hydraulic excavator (HE), Surface mining RÉSUMÉ Les décisions concernant la méthode minière à adopter et le choix ultérieur d’un engin d’ex¬cavation doivent tenir compte des facteurs quantitatifs de la productivité, de la disponibilité ainsi que des coûts d’investissement, d’exploitation et d’entretien. Cette étude compare les performances en termes d’excavation d’une excavatrice hydraulique et d’une pelle électrique à câbles de même taille (qui utili¬sent par exemple la même quantité d’énergie pour creuser une quantité unitaire du même matériau dans un front de taille), en se concentrant sur les facteurs quantitatifs susmentionnés. La performance de la machine, normalisée à la contenance du godet de volume unitaire, est évaluée en fonction des heures de service (60 000 heures d’activité par machine). Les résultats montrent des taux de production plus élevés pour l’excavatrice hydraulique d’une capacité et d’une ancienneté similaires. De manière générale, la pelle électrique à câbles affiche un coût d’entretien par capacité volumique inférieur, mais son coût d’in¬vestissement est plus élevé. La pelle électrique à câbles devient plus rentable que l’excavatrice hydrau¬lique d’une même capacité au bout d’environ 30 000 heures de fonctionnement. ¦ MOTS CLÉS coût, excavation, excavatrice hydraulique, exploitation à ciel ouvert, pelle électrique à cablesINTRODUCTION The most common excavating tools in surface mining operations are the hydraulic excavator (HE) and electric rope shovel (RS). In general, electric RSs are more reliable and cheaper to maintain (P&H Mining Equipment, 2007), but where complicated geological conditions exist, HEs are preferred because they are generally considered to be more mobile."

Jan 1, 2019

By P. J. Williams, A. R. Foster

Petrographic studies, assay records, and laser ablation-inductively coupled plasma-mass spectrometer (LA-ICP-MS) analyses of major sulfides suggest nearly all of the gold at the Ernest Henry Cu-Au deposit occurs in the form of native gold or electrum (95-65 wt.% Au); sylvanite and dissolved gold in cobaltite, chalcopyrite, and pyrite make only minor contributions. LA-ICP-MS analyses of the gold contents of chalcopyrite gave from 8 to 139 ppb (mean = 56 ppb), more than an order of magnitude lower than those experimentally determined in chalcopyrite in equilibrium with native gold at the estimated mineralization temperatures (350°-450°C). Gold content is more variable in pyrite (1-400 ppb, mean = 77 ppb) and highest in narrow growth zones of a subordinate type of complexly zoned pyrite wherein it is associated with elevated As, Ag, Sn, Sb, Te, and Bi. Deposition of gold-electrum was closely associated with, but preceded some of the chalcopyrite deposition, as indicated by microtextures and lower bulk Au:Cu ratios in late-stage chalcopyrite-rich veins. Gold grains have maximum dimensions from <1 to 50 micrometers, and are heterogeneously distributed with most occurring in microscale clusters. Fifty-five out of 76 grains recorded in polished sections are in contact with both chalcopyrite and pyrite, and many of the rest are in sites where such a relationship could exist in the third dimension. The dominant textural sites are intergrowths with chalcopyrite in microveinlets cutting pyrite, and on faces of pyrite grains in contact with chalcopyrite. Scanning electron microscopy, electron microprobe analysis, and proton induced X-ray emission studies show that pyrite associated with gold includes complexly zoned, weakly zoned, arsenian, and arsenic-poor types. The textures are compatible with the possibility that most gold was deposited electrochemically as native metal on pyrite surfaces. The textural distribution of gold has important metallurgical implications given that the ore processing circuits at Ernest Henry and most other sulfide copper mines are designed to exclude pyrite (and arsenic) from concentrates.

Jan 1, 2007

By Roxanne Scott

Outline ? Overview of Community Investment in the Mining Sector ? Emerging Good Practice: ?Strategic Integrated Community Investment? ? Assessing Local Context: ? Institutional Assessment ? Partnership Assessment Approaches to Community Investment Isolation: No proactive engagement in community development Ad hoc philanthropy: small infrastructure, sponsorships, donations Strategic philanthropy: Community proposes options for development Company decides what to do and carries it out, e.g. building schools, health posts, roads Strategic integrated community investment: ? Aligned with government/community development goals and priorities ? Communities and government involved in decisions and execution ? Focused on training and capacity building ? Partnerships ? Continuation in absence of company support Measured returns on investment

May 1, 2010

By W. Leblanc, J. Phalen

This paper tells the story of a serious mine fire on a mechanized longwall face in a submarine coal mine at Glace Bay, Nova Scotia. The story gives, in chronological order, a technical account of the steps taken to investigate, fight and contain the fire. The time during which the events took place spans from June 19 to November 7, 1975.

Jan 1, 1976

By Persio P. Rosario

Crushing has proven to be of fundamental importance in mine mill integration at Highland Valley Copper (HVC). Highland Valley Copper has achieved large throughput and good quality control through the gyratory crushers by proper blast design and better gap control. The next step, in optimizing the mine mill relationship, is evaluating the crusher liner wear and its shape influence on performance and product size reduction. To do this a laser measurement device has been developed and data is being recorded on the concave and mantle liner wear. This paper will outline the work to date and indicate specific objectives of the work.

May 1, 2002

The extractive industry has the potential to impact the health and well-being of workers, families and surrounding communities. In the current environment of social performance, project planning considers that activities should be conducted in the best environmentally, socially and economically acceptable way across the development cycle (i.e. from exploration ? post-closure). In this context, health impacts of mining can be mapped and extend over the Life of the Community and can encompass worker injury and disease, exposure to communicable and non-communicable diseases, and health outcomes specific to family and community health and well-being outside the fence. To contribute to an emerging field focused on Health and the Extractive Industry, this paper reviews and compares health activities extracted from social and environmental reports published by selected major mining, oil and gas companies with operations in Australia and Canada. The objective of this review is to map corporate approaches to public health management across our previously developed Life-of-Mine within Life-of-Community (LOMLOC) framework in order to identify and compare trends and behaviour in corporate health investments across the project cycle, as well as identify the level of prevention targeted by this investment activity (i.e. primary, secondary and tertiary prevention of detrimental health impact). With the extractive industry facing ongoing rapid growth worldwide, this paper provides preliminary comparative information about corporate health spending by some companies in Australia and Canada. This information serves as a resource for minerals industry managers, civil society and regulators regarding current health management approaches in this sector.

Aug 1, 2013

By D. Wolfe, K. Reid, T. Nunn

"The Aurora North mine has been operating for more than ten years, and is the source of over half of Syncrude’s bitumen production. In order to minimize front-end rejects, and to allow for high throughput, the ore top size at Aurora has been set at a nominal 125 mm. These relatively large lumps have a significant effect on both pump performance and pipeline pressure gradient. Current design methods underestimate the solids de-rating effect of lumpy slurries in pumps, and do not accurately describe the distribution or magnitude of the lump effect on pipeline pressure gradient. Data from the Aurora hydrotransport systems has been compiled, to quantify the effect of lumps on the pump head ratio and pipeline pressure gradient, and how this effect changes as lump ablation occurs along the length of the pipeline. A model has been built, using a logarithmic curve, which predicts the effect of 125 mm lumps on pipeline pressure gradient as a function of velocity and the distance from the start of a hydrotransport pipeline. This model is applicable only to Aurora hydrotransport operation, but similar models could be developed for other operations using the same methods. Using accurate pipeline pressure gradients and pump head ratios when designing future hydrotransport pipeline systems will help improve their reliability and operability."

Jan 1, 2014

"NI 43-101 is a rule that governs how issuers disclose scientific and technical information about mineral projects to the public in Canada. The disclosure standards apply to oral statements as well as written documents and websites. NI 43-101 does not apply to disclosure concerning petroleum, natural gas, bituminous sands or shales, groundwater, or coal be methane. NI 43-101 first came into force on Feb. 1, 2001 and was revised in December 30, 2005. As a “National Instrument”, the law has been passed in each provincial and territorial legislature across Canada.“PART 1 DEFINITIONS AND INTERPRETATION 1.1 Definitions - In this Instrument “adjacent property” means a property(a) in which the issuer does not have an interest;(b) that has a boundary reasonablyproximate to the propertybeing reported on; and (c) that has geological characteristics similar to those of the property being reported on; “data verification” means the process of confirming that data has been generated withproper procedures, has been accurately transcribed from the original source and is suitable to be used; “development property” means a property that is being prepared for mineral production and for which economic viability has been demonstrated by a feasibility study; “disclosure” means any oralstatement orwritten disclosure made by oron behalf of an issuer and intended to be, orreasonablylikely to be, made available to the public in a jurisdiction of Canada, whether or not filed under securitieslegislation, but does not include written disclosure that is made available to the public only by reason of having been filed with a government or agencyof government pursuant to a requirement of lawother than securities legislation; “early stage exploration property” means a property that has(a) no current mineral resources or mineral reserves defined; and (b) no drilling or trenching proposed; in a technical report being filed in a local jurisdiction; “exploration information” means geological, geophysical, geochemical, sampling, drilling, trenching, analytical testing,assaying, mineralogical, metallurgical and other similar information concerning a particular property that is derived fromactivities undertaken to locate, investigate, define or delineate a mineral prospect or mineral deposit; “feasibility study” means a comprehensive studyof a mineral deposit in which all geological, engineering, legal,operating, economic, social, environmental and other relevant factors are considered in sufficient detail that it could reasonably serve as the basis for a final decision by a financial institution to finance the development of the deposit for mineral production; “historical estimate” means an estimate of mineral resources or mineral reserves prepared prior to February 1, 2001;“IMMM Reporting Code” means the classification system and definitions of mineral resources and mineral reservesapproved by The Institution of Materials, Minerals, and Mining in the United Kingdom, as amended; “JORC Code”means the Australasian Code for Reporting of Mineral Resources and Ore Reserves prepared by the Joint Ore Reserves Committee of the Australasian Institute of Mining and Metallurgy, Australian Institute ofGeoscientists and Mineral Council of Australia, as amended; “mineral project” means any exploration, development or production activity, including a royalty interest or similarinterest in these activities, in respect of diamonds, natural solid inorganic material, or natural solid fossilized organic material including base and precious metals, coal, and industrial minerals;"

Jan 1, 2003

By Poul Hansen

"In mid-I986, a world-class mining enterprise was created in British Columbia, bringing together the copper mining operations of Lornex Mining Corporation and Cominco into a new entity, Highland Valley Copper. This paper will focus on the background and rationalef or the formation of this partnership, the resulting operating changes and the productivity and cost benefits expected.IntroductionSince the deterioration of the world copper industry in 1981, the future of the Lomex and Cominco mines in the Highland Valley of British Columbia looked increasingly precarious. Despite the expansion of the Lomex mill complex in 1981 to one of the world&apos;s most cost-efficient copper and molybdenum concentrators, persistent low metal prices had made the remainder of the ore in the Lomex orebody marginally economic and had significantly foreshortened the expected life of the operation.Cominco had acquired the Bethlehem Copper assets in order to consolidate its ownership of the Valley orebody, and was feeding the Bethlehem concentrator with ore from the Valley orebody. In spite of the high grade and free-milling character of the Valley ore, profitability of the Cominco operation was severely restricted because of the limited capacity of the Bethlehem concentrator and its location high on the hillside above the orebody."

Jan 1, 1987

By W. E. Segsworth

Introduction By far the largest part of the money raised for mining is raised by honest and legitimate means; but a not inconsiderable amount is raised by fraudulent sales methods. It will be conceded without argument that the greatest menace to the mining business is the fraudulent promoter. The sale of worthless mining stocks to the public by high-pressure. salesmen, house to house canvassers, telephone campaigns, fraudulent use of the mails, fraudulent statements, and reloading, has seriously prejudiced the public against even legitimate mining. A very small percentage of the funds raised by such fraudulent means is ever spent on the property, but instead is absorbed by the promoter in illegitimate&apos; profits, enormous commissions, high office rents, and other expenditures, and is just so much subtracted from the fund which the legitimate developer needs to bring new mines to the point of production. The mining fraternity has been at fault in that, while they recognized this situation, they made no adequate attempt to rectify it. They knew that these fraudulent practises were conducted by parasites who attached themselves to the mining business in boom times and claimed to be part and parcel of it, but who were merely professional salesmen and promoters who, when there was not a mining boom, were selling sky-line real-estate, worthless oil stocks, or fraudulent securities which happened to be popular with the public. While mining people had this distinction well in mind, the public did not differentiate between the crooked promoter temporarily selling fraudulent mining stock and the honest promoter who made mining finance his life work; and we did little to make this distinction clear to the public or to sweep these money grabbers out of our house. The historic boom of 1927-8 and &apos;29 brought with it the usual crop of crooked mining promoters, and the scandals resulting from their operations forced the Governments into the enactment of laws to attempt to protect the gullible public against the operations of these meanest of thieves and to appease public clamour.

Jan 1, 1934