Search Documents

By Jessica Egan, Daniel Hodouin, Claude Bazin

"The recovery of gold by leaching is influenced by the size of the gold carrier particles and the chemical environment. Using the relationships between the leaching rate, infinite recovery and particle size for a given set of chemical conditions, it is possible to simulate gold recovery for various feed size distributions. However the use of these particle size relationships is only valid if the leaching of gold from a given size class is independent of the production history of this size class. For instance, to use these relationships it is necessary to verify that gold recovery from the leaching of the 200-270 mesh size class remains the same if the size fraction is taken from a coarse or finely ground ore sample. Several laboratory tests were carried out to answer that question. Results of the tests show that within the large error margin associated to gold content measurements, the history of the production of a size class does not affect the gold leaching from that size class. Emphasis of the discussion is put on the difficulty associated with the processing of data containing significant measurement errors as it is the case for gold assays of leaching tests.INTRODUCTIONMore than 75% of the gold produced in the world is extracted by cyanide leaching of gold ores. The ore is ground to expose the gold carriers and the ground material is reacted in an oxygenated cyanide solution that dissolves gold, leaving solids gangue minerals that are disposed to tailings ponds or returned in underground mines as paste fill. The gold contained in the solution is recovered by either the carbon in pulp process or by cementation onto zinc powder, before being melted and casted into a brick (Marsden and House, 2006)."

Jan 1, 2009

Leadership "Organizing a group of people to achieve a common goal" Paradigms ? Rush to produce or cut costs. ? The most important thing after safety is production. ? We?ll take care of ??this?? once in production. ? I know what to do, 30 years of experience in mining. ? I want a 100% reliable operation.

Aug 1, 2013

By K. Lundholm, A. E. Mäkinen

"Ore grades are declining and getting more complex around the world which not only complicate the ore processing but also produce new type of requirements to manage the produce waste streams. One specifically problematic and increasingly identified element in waste streams produced in mining and metallurgy is arsenic.Arsenic is a compound that has no significant market value, but that needs to be removed from ores, concentrates and other process streams because of environmental or process technical reasons. One example of a removal process is partial roasting of high-As sulfide concentrates, originally developed by Outotec. In this process the arsenic is volatilized in the gas phase and thus separated from the solid material, i.e. the calcine. If the arsenic is recovered by wet methods the process gas is quenched and all arsenic needs to be stabilized in the effluent treatment plant.Outotec has developed ferric arsenate precipitation as a method to produce stabile arsenic residues from wet gas cleaning effluents. Iron based precipitates, when correctly produced, can meet typical landfill criteria measured with different types of leaching methods meant for characterizing the arsenic dissolution behavior from the precipitates.In this paper partial roasting of sulfide concentrates with arsenic volatilization in combination with ferric arsenate precipitation is discussed from the perspective of producing wastes that can meet the stability requirements set by common leaching tests methods, TCLP and CEN. These leaching test methods set the normative landfill requirements for most operations generating arsenic containing wastes. A typical flow sheet of Outotec® Ferric arsenate process is discussed with results showing the importance of correct process control and sequence on producing arsenic containing waste that can meet the landfill disposal requirements."

Jan 1, 2014

By J. L. Thornton

Introduction The importance of coal in our economy is well established, but it may not .be so generally realized how important a part it plays in our daily life. Select a product - any product - and, if it is made in America, bituminous coal has touched it first. Everywhere we will find coal, derivatives of coal, or functions made possible by coal. Apart from the well known major uses of coal for domestic purposes, coking, utilities, railways, and manufacture of steel and cement, there are over 200,000 products derived from coal, from lipstick colours to nylon products and perfumes. An item of interest is the recent action of the Canadian Government in voting $90,000 for development of coal deposits in Yukon Territory to make coal available to the settlers in that area. The value of this move, in case of some emergency, is very evident. Coal in its several stages of formation as peat, lignite, sub-bituminous, bituminous, semi-bituminous, semi-anthracite, and anthracite, has been used for centuries. Coal, as such, was not very well known to the ancients. First reference to "magic stone', or coal, was in 371 BC by Theophrastus, a pupil of Aristotle. This substance was said to burn like wood coal or charcoal and was used by the smiths. The first record we have in modern times was in 852 AD, when sea coal was gathered by the cowled monks of Durham, in Britain, and even at that time a major problem was transportation. Our first record of coal in this continent was near Richmond, Virginia, in 1700. Commercial mining was not under way, however, until 1750. The anthracite fields (presumably in Pennsylvania) were opened in 1793. Even so, there was no extensive mining until about the year 1820. The famous Pocahontas coalfields were opened in 1883. The earliest record of coal mining in Canada is about 1746.

Jan 1, 1950

By Richard Phiri, Mike Milupi, Jackson Kapobe, Anton Lemmer, Charles Mazala

Sustainability of plant operations in a rapidly changing mining environment requires a well-trained workforce to ensure smooth running of operations. To ensure availability of trained labor, Mopani Copper Mines PLC set up a training facility in 2013. The school offers training in Engineering, Mining and Process. The engineering section enrolls grade 12 school leavers for artisan training. Mining section offers comprehensive safety induction program to employees and contractors to meet the Mopani zero tolerance accidents safety policy. The process training section offers advanced training programs for plant operating personnel and university graduates. The program includes needs analysis, theoretical metallurgical modules, practical plant training and e-learning modules. The school also offers assaying and sampling courses. All the above courses are extended to individuals and other mining houses outside Mopani wishing to have their personnel trained. The Mopani sustainable development academy ensures that contractors engaged on the Mopani sites are fully registered, comply with all relevant regulations and have undergone induction program before they can be allowed to work on the mine. INTRODUCTION “Sustainable operation of the mining industry requires a continuous supply of trained human resources” (Kapobe et al., 2018). The publication by the Asian Development Bank (2014) argued that there was a mismatch between the demand for high-level skills and the oversupply of low-level skills. Globally, the mining industry requires continued supply of skilled manpower for its complex operations and long term projects whose sustainability is absolutely necessary. Implementation of newer technologies in plant operations to ensure cost effective and efficient operations requires trained and skilled labor at various levels to handle ever-changing challenges. Dutz (2007:152–156) made three recommendations for Building Worker and Management Skills in India: Strengthen enterprise - based training. The government should help ensure that the benefits of in- service training are widely recognized by enterprises, while simultaneously providing strong financial incentives Improve vocational training - Vocational education and training systems have been unsuccessful in preparing graduates to meet market needs, particularly because of a lack of interaction with industry. Public and private vocational education and training providers should be strengthened to make them more responsive to industry demands. Curricula should be updated to reflect modern technologies. Strengthen business, management education, management of research and commercialization - business and management education should be strengthened through public-private partnerships. Innovative management courses should be introduced. Although these recommendations were made for India, they also apply to Zambia and other low and medium income nations.

Jan 1, 2019

By X. G. Zhao, M. Cai, L. K. Ma, P. F. Li

"Crack initiation stress is one of the characteristic stress thresholds in the rock deformation process under compression. By analyzing AE responses of brittle rocks in uniaxial compression, a new method which is called cumulative AE hit (CAEH) method is proposed for determining the crack initiation stress. An advantage of the CAEH method is that the method removes the user's subjective judgment. To verify the CAEH method, uniaxial compression tests with AE measurement using 77 crystalline rock specimens were conducted. The test specimens cover eight rock classes with different mineral grain distributions. Crack initiation stresses of these specimens were determined by the proposed CAEH method and the LSR method, and the resulting mean crack initiation stresses determined using the two methods were comparable. In addition, taking one rock class with 20 specimens for example, the mean crack initiation stresses determined using the CAEH method and those from several established strain-based and AE-based methods were similar. Hence, the CAEH method can be used as an alternative method for crack initiation stress determination.INTRODUCTIONExperimental observations indicate that the failure process of brittle rocks is associated with crack initiation, crack propagation, crack damage and final strain localization (Brace et al., 1966; Bieniawski, 1967; Lockner, 1993; Wawersik & Fairhurst, 1970). Compression tests on cylindrical specimen are often used to characterize the crack development process. The crack initiation stress (sci), crack damage stress (scd), and peak stress (sc) represent important stress thresholds during the failure process of brittle rocks. Among the three characteristic stress magnitudes, sci is difficult to be determined objectively, directly from examining the stress–strain curves. Some researchers argued that sci obtained from laboratory compression tests is an important parameter for estimating the spalling failure observed in brittle rocks around underground excavations (Andersson et al., 2009; Diederichs, 2007; Martin, 1997). sci can also be used to estimate rock tensile strength and Hoek-Brown failure criterion parameter mi (Cai, 2010). Over the last 40 years, various strain-based methods have been proposed to determine the crack initiation stress in compression tests (Brace et al., 1966; Diederichs, 2007; Eberhardt et al., 1998; Lajtai, 1974; Martin & Chandler, 1994; Stacey, 1981). Nicksiar and Martin (2012) proposed a Lateral Strain Response (LSR) method for establishing sci for low-porosity rocks. Meanwhile, they also used different strain-based methods to evaluate sci of Äspö diorite, and the results showed that all strain-based methods gave acceptable crack initiation stress values. Subsequently, they utilized the LSR method to further investigate the crack initiation stresses in igneous, metamorphic, and sedimentary rocks in compression tests (Nicksiar & Martin, 2013). Compared with previously proposed strain-based methods, an advantage of the LSR method is that it removes the user judgment when interpreting sci. However, the use of the LSR method relies on accurate determination of scd and on having a polynomial fitting equation to find the maximum LSR value."

Jan 1, 2015

By John G. Payne

The Pebble deposit contains three contiguous zones. In the Pebble West zone, granodiorite stocks intrude gently warped volcanosedimentary rocks that had been intruded by diorite sills and two felsic intrusion breccias. In the Central zone, volcanosedimentary rocks are cut by diorite and granodiorite sills; the latter are genetically associated with the granodiorite stocks. In these zones, widespread potassic alteration consists of brown biotite and K-feldspar, with abundant quartz-carbonate-sulphide vein stockworks. Chalcopyrite/pyrite ratios range from 2/1 to 1/20. Diorite hosts the highest-grade mineralization, with much of it being disseminated. Patchy, later phyllic alteration is moderate and commonly depleted in copper. The Pebble East zone occupies a granodiorite stock and intruded host rocks below an eastwardly thickening wedge of barren Tertiary volcanic and sedimentary rocks up to 600 m thick. Brown biotite alteration and copper mineralization are strong, with chalcopyrite/pyrite ratios commonly over 1/1. The zone extends to a depth of at least 1200 m below surface; some drill holes bottomed in strong mineralization. Later, weak to moderate sericitic alteration removed some chalcopyrite and locally remobilized gold. The Pebble deposit has a Measured/Indicated resource of 3 billion tonnes grading 0.28% Cu, 0.32 g/t Au and 0.015% Mo (= 0.5% copper-equivalent) and an Inferred resource of 1.13 billion tonnes grading 0.30 g/t Au, 0.27% Cu and 0.015% Mo (0.55% copper-equivalent). The Pebble East zone has an Inferred resource of 2.13 billion tonnes grading 0.55% Cu, 0.34 g/t Au, and 0.037% Mo (0.97% copper-equivalent). The Pebble East zone is open to the east and to a lesser extent to the north, south, and to depth.

May 1, 2006

By F. Dai

Granitic rocks usually exhibit strongly anisotropy due to pre-existing microcracks induced by geologic loadings. The understanding of the rock anisotropy in mechanical properties such as tensile strength is critical to quarrying and stabilization of underground structures. In this paper, Brazilian tests are conducted in combination with MTS material testing machine and split Hopkinson pressure bar (SHPB) system to measure both static and dynamic tensile strength of anisotropic Barre granite. Samples are cored and labeled using the three principle anisotropic directions of Barre granite (BG). These directions are also chosen as the loading directions for the Brazilian discs. For dynamic tests, pulse shaping technique is used to achieve dynamic equilibrium in the samples during the test. Finite Element Method is implemented to formulate equations that relate the failure load to the material tensile strength employing a orthotropic model for Barre granite. For samples in the same orientation group, the tensile strength shows clear loading rate sensitivity. The tensile strengths exhibit clear anisotropy under static loading; while less anisotropy under dynamic loading. The tensile strength anisotropy of Barre granite is interpreted as interactions of the pre-existing microcracks.

May 1, 2009

By E. Douglas, V. M. Malhotra

"This report presents the results of a laboratory study undertaken to evaluate ground granulated blast-furnace slag from Algoma Steel Corporation, as a replacement for Portland cement in cemented mine backfill. The evaluation was based on the results of compressive strength tests performed on cylinders cast from mixtures made with a granulated blast-furnace slag and tailings from four different mines in the Sudbury basin. Various percent¬ages of slags and various binder to tailings ratios were used.Tests results show that, in terms of compressive strength, the slag performs as well or better than Portland cement as the binding agent in cemented mine backfill. Lime was found to be a poten¬tially good activator for ground granulated slag in mine backfill applications.A field test was conducted at one of the mines, consisting of placing a mixture of 95.5% ground granulated slag and 0.5% lime into a stope, and inspecting the floor slab as it hardened. The slag performed as expected, considering the backfill mixture proportions used and the preparation of the test site."

Jan 1, 1989

By T. G. Joseph

A strain-softening constitutive relationship is introduced that describes the post-failure stress-strain curve for rock regardless of whether the rock is intact or broken. The core of this relationship is an ?apparent friction? concept that relates the post-failure apparent cohesive and frictional characteristics of the rock to the strain. The relationship can be determined for a given rock via a series of tri-axial strength tests establishing the peak strength and corresponding strain for a range of confining pressures, together with the determination of the base angle of friction via a simple tilt test. The postulates and assumptions used in deriving this relationship are verified from results of tri-axial tests on both intact and broken rock.

May 1, 2002

By C. A. Horne

"The transportation of mineral solids in the form of slurry is a subject most of us are associated with and, in fact, live with on a daily basis. The design parameters of slurry systems and most important the prime movers or cent¬rifugal pumps, are frequent and often controversial subjects due to the lack of practical guidelines which, if known and followed, can increase both reli¬ability and service life of the equipment.In this talk, emphasis has been placed on the practical side or rule-of-thumb approach to applications which, in turn, has been related to successful field results. The theoretical content and complex design criteria associated with actual equipment design has consequently been held to a minimum in the following discussions.I. BASIC SLURRY PUMP DESIGN CONSIDERATIONSFirst, to better understand how a centrifugal pump performs work, a basic description of the operating principles are in order.A. Operation In a pump, mechanical energy is transformed into pressure energyby virtue of the centrifugal force exerted by the rotating impeller. The liquid is discharged by centrifugal force at a velocity required to generate a given head and the volute collects the liquid so useful work can be done by the conversion of kinetic energy to pressure energy."

Jan 1, 1976

By Jianglan Duan, Steve L. Cockcroft, Andre B. Phillion, Carl Reilly, Daan M. Maijer

"In the aluminum alloy wheel casting process, careful design of the cooling system in the die and its operation (cooling channel timing) are critical to achieve quality and productivity goals. The problem is challenging owing to the cyclic nature of the process and the relatively large thermal mass of the die in comparison to the wheel. For a given die geometry, a set of constraints have been defined to ensure directional solidification and an objective function, based on cooling rate during solidification, has been defined to reach a target secondary dendrite arm spacing. The methodology presented in this study employs the commercial finite element package, ABAQUSTM, and an optimization module based on the open source library, Scipy. The developed methodology has been applied to a series of geometries and cooling system configurations, including a 2-D axisymmetric wheel and die assembly generated from a prototype die. Preliminary testing has shown that careful selection of the objective and constraint functions have made it possible to reach desired solidification pattern.TM- Dassault Systèmes Corp."

Jan 1, 2014

By V Dolmage

Copper Mountain is the third largest copper mine in British Columbia, and is now producing close to 20 million pounds of copper per year, with which is recovered also 4,000 ounces of gold and. 13,800 ounces of silver. After a long and checkered career, during which the ownership and management changed several times, this deposit finally came into the possession of the Granby Consolidated Mining, Smelting and Power Company in 1923. It was not, however, until the end of 1925 that the mine, under the management of Charles Bocking and C. H. Smith, was successfully placed on a basis of profitable production. It is a low-grade deposit of the contact-metamorphic type, with refractory ores consisting of chalcopyrite and bornite in a gangue of altered andesitic and basaltic breccia. The ore is concentrated to a product carrying over 30 percent copper, which is smelted in Tacoma. The deposit is 12 miles south of the town of Princeton, which is on the Kettle Valley railway, 150 miles east of Vancouver and 40 miles north of the International Boundary line. Princeton is served also by a branch of the Great Northern railway, which leads clown the Similkameen, Okanagan, and Columbia valleys. Copper Mountain mine and camp are connected to Princeton by a good mo tor road extending up Wolf Creek valley, while the haulage level of the mine, which emerges on the steep side of the Similkameen valley 1,000 feet below the camp, is connected with Princeton by a spur of the Kettle Valley railway leading up the Similkameen canyon and passing en route through Allenby, where the concentrator is situated.

Jan 1, 1929

By P. H. Agson Gani, T. Sitorus, N. P. Widodo

"PT ANTAM UBPE Pongkor underground mine use blasting to develop its tunnels which will cause poisonous and dangerous gases trapped inside mine. To analyze this case, a study of mine ventilation, the dispersion of carbon monoxide (CO) gas concentration and diffusion coefficient is commenced. At the end, the re-entry time formula will be determined. Results indicate that this study is site specific and could only be applied in the place this study executed. The aim of this study is to be further developed by applying Principal Component Analysis (PCA) to find a universal re-entry formula. KEYWORDS Mine Ventilation, Re-Entry, Smoke Clearing, Diffusion Coefficient, Carbon Monoxide Gas, Gas Dispersion INTRODUCTION Pongkor underground mine is using cut and fill as its mining method. Thus, its development and production processes require blasting to develop its tunnel. This process caused poisonous and dangerous gases spread and trapped inside the mine, one of them is carbon monoxide (CO) gas. CO is formed in an unbalanced reaction of explosives detonation and could be the cause of headache, blackout and death to people who inhale CO at certain concentration (McPherson, 2011; Hartman, Mutmansky, Ramani, & Wang, 2012). Mine ventilation system is installed in the mine to resolve this problem. Mine ventilation play an important role to disperse CO gas by absorb the poisonous/dangerous gases and deliver clean air into mine. The important parameter is diffusion coefficient, because diffusion is affecting particulates or gasses spreading from its sources throughout the mine. Diffusion coefficient is the total diffusion in axial direction of turbulent flow mainly by convection of bulk motion, advection and eddy diffusion, while the effect of molecular diffusion is appreciably negligible (Widiatmojo et al, 2015). Taylor (1953, 1954) develops a theory about the dispersion by inducing a slow stream of solvent into a capillary tube. Taylor used Reynolds assumption of radial diffusivity to be analogous with the transfer of the matter in turbulent flow as well as the transfer of momentum and heat. Then, Taylor proposed the formula of diffusion coefficient, D (m2/s), against pipe diameter and turbulent shear velocity are as follow:"

Jan 1, 2019

By K. V. Phani Prabhakar, G. Padmanabham1, L. Subashini

Laser-arc Hybrid Welding (LAHW) is a relatively recent concept which effectively combines the advantages of laser welding such as the high depth of penetration, low heat input, high welding speed and the positive aspects of arc welding such as better edge bridging and possibility to add filler. For example, steel sections upto 12 mm thickness have been successfully welded in a single pass at a welding speed of 1 m/minute using a 3.5 kW CO2 laser in combination with a MIG arc. Maraging steel of grade M250 is widely used in the aerospace industry in thicknesses upto 10 mm. Conventionally, it is possible to MIG weld such thicknesses in 3-5 passes employing V-Groove joint preparation. However, this multi-pass welding results in formation of reverted austenite in the weld zone after post weld aging; and the high heat input widens the reverted austenite containing heat affected zone which is popularly known as the dark zone/eyebrow zone. Both these zones are detrimental to strength of the welded joint, specifically the fracture toughness. The width of the dark band is an important factor because, thinner the band, it is supported more effectively by the surrounding material. Therefore, in order to avoid multi-pass welding and reduce the overall heat input, single-pass laser-MIG hybrid welding was attempted on 10 mm thick maraging steel M 250 plates using a hybrid laser arc welding system comprising a 3.5 kW CO2 slab laser and a MIG welding system. Simultaneously, multi-pass MIG welds also are produced. Both the laser-MIG hybrid and MIG welds are characterized microstructurally and subjected to mechanical tests such as tensile and fracture toughness in as-welded and post weld aged condition. The amount and distribution of reverted austenite in the fusion zone and width of the dark band was found to be different. Hybrid welds showed a narrow dark band zone and improved mechanical properties. Laser-hybrid and MIG welding investigations carried out on thick section maraging steel M 250 will be presented in detail, including microstructure, tensile properties and fracture toughness of the welds. To the best of the knowledge of the authors there are no reports on laser-MIG hybrid welding of maraging steels.

Jan 1, 2014

By Eurípides do Amaral Vargas Jr., J. A. de Mello Franco

"It is frequently necessary to excavate a tunnel for Civil Engineering purposes, or wells for petroleum exploitation, in laminated rock mass like schists or phyllites or in highly foliated gneisses. The determination of the pre-existing in situ stresses is essential, in order to assure the stability of these excavations. In most cases, the pre-existing triaxial stress field is arbitrary in relation to the tunnel or well axis. For these rock masses the concept of Generalised Plane Strain can be correctly utilized.There are closed form solutions for the calculation of stresses in anisotropic rock masses under Generalised Plane Strain conditions (Lehknitskii, 1981 and Hong , 1994). Based on these analytical solutions, established for the cases of Generalised Plane Strain, a synthetic problem will be formulated: the theoretical in situ stress tensor acting on this rock mass will be determined, with the aid of Bayesian Inverse Problem Techniques, as developed by de Mello Franco (2009). Additionally, the reliability of results obtained will be evaluated, in accordance with the research performed by this author. INTRODUCTIONThe Inverse Problem Technique, as developed in the paper, is based on the definitions and concepts obtained from the current literature and used for the solution of Inverse Problems, but the innovation to be presented is the utilisation of Bayesian Techniques and the determination of the reliability of the results obtained. This will be shown in a synthetic example where the determination of the in situ stress tensor, from strain measurements in a drill hole is supposedly performed. It is assumed that this drill has its axis arbitrarily placed in relation to the rock mass. Generalised Plane Strain conditions will hold for use with problem. The equations of Beltrami – Mitchel, in agreement to Lekhnitskii (1981) and Ong (1994), will be used in this synthetic case, for calculating strains, hypothetically measured in the hole before the final excavations. Finally a synthetic example for the determination of the in situ stress in a fully anisotropic rock mass, based on Bayesian Techniques and its reliability, developed in de Mello Franco (2009) is presented."

Jan 1, 2015

By Zhiyang Long, Ruiling Xiao

"A mine shaft is one main development method of establishing access in an underground mine. The construction technology of the mine shaft sinking is complicated and large equipment setup on surface and in the mine shaft. The paper briefly reviews a single-line operation method, parallel operation method and mixed operation method as well as the features of the one operation method with the excavation, lining and installation. The special construction technology mainly would include ground freezing methods, full diameter shaft drilling methods, caisson methods, grouting technology and concrete curtain methods as well as other methods. The paper summarizes the shaft sinking numbers and effects by the special construction methods during different periods. The paper states the shaft sinking conditions and the each created record conditions in the coal, metallurgy, non-ferrous metal, hydropower, highway, railway, nonmetallic and other industries. The paper has a prediction on the shaft sinking requirements and development tendency in the future for China.INTRODUCTIONA mine shaft is one main development method of access in an underground mine. In recent years in China the new shaft mines represent 45% of the total number of new mines. With the development of new mining area under construction and the development of deeper mines, the ratio of the mine shaft as access for underground mines will increase. The construction technology of the mine shaft engineering will be complicated, the operation site footprint will be small and the working environment will be more difficult. The mine shaft sinking operation will often be varied by the geological conditions and affected by underground water inflows, seam gas outbursts, geothermal and other natural conditions. The safe construction of the mine shaft sinking will be challenged by all these conditions. Although the mine shaft engineering will only be about 5% of the total mine roadway engineering, the mine shaft construction period often will take over 40% of the total mine construction period. With the progress of modernized mine production technology and the construction of a high production and high efficient mine, the mine transportation roadways mostly would be set in the seam and the engineered amount of the mine rock roadways reduced year by year could cause more prominent long extensions of the mine shaft construction period. Therefore, in order to speed up the construction, to shorten the mine construction period and to realize the investment benefits as early as possible, the technical level of the mine shaft sinking should firstly be improved and the construction speed of the mine shaft engineering and sinking should be speeded up, which would have important significant benefits."

Jan 1, 2019

By Phil Keele

Canadian Natural ??Business Approach Efficiency and Execution ?Drive to be the low cost producer ?Focus on exploitation ?Augment exploitation with strategic acquisitions ?Maintain Discipline and Strength while Delivering on the Defined Plan ?Maintain flexibility and control allocation of capital ?Strive for balance (asset portfolio) ?Maintain financial strength

May 1, 2010

By R. A. Leveille, M. D. Doggett

"Economic returns for the copper industry have been assessed by building cash flow models for each of the 100 new mines brought into production over the past 20 years. Ninety-one of the 100 new mines returned the assumed 8% cost of capital and generated a positive net present value (NPV) at the development decision point. Economic criteria for individual mines are highly variable with NPV ranging from -$111 million (-$111M) to +$3850M (all money values are presented in United States dollars) and internal rate of return (IRR) ranging from -8% to +95%. The copper industry collectively would generate approximately $39 billion dollars in NPV through the development of the 100 new mines.The returns to exploration ($174M per deposit) were measured by deducting the cost of exploration per deposit ($221M) from the returns to development per deposit ($395M). Overall, the copper business has provided positive returns to exploration. However, the variability in returns across deposits means that only 41 of the 100 new mines can carry the average cost of exploration. The long lead times and high costs associated with exploration result in only those deposits with large amounts of contained copper being able to cover the average finding cost of the industry.The returns to development and exploration are shown to be highly sensitive to the cost of capital and metal price assumptions. With respect to deposit type, porphyry deposits are both larger (NPV) and exhibit lower profitability (IRR) than the nonporphyry deposits. On a geographic basis, returns to development and exploration are higher in Chile than elsewhere, reflecting the larger average deposit size and lower average exploration cost per deposit."

Jan 1, 2009

By F. D. Ford, Z. Dai, A. Byers

Manitoba Mining and Milling operations consist of three underground mines (Thompson T1, T3 and Birchtree), feeding the Thompson Mill. Three years ago, a collaborative effort involving Mines Exploration, Mines Project Development Group, Mill Technical Services and Vale Base Metals Technical Excellence Center was initiated to establish and verify the cause of high variability in concentrate quality and Ni recovery at the Thompson Mill. One outcome of this work was a program to systematically characterize the mineralogy and metallurgical performance of current and future orebodies feeding the mill. Mineralogy results show that high value enabling ores typically have a high pentlandite to pyrrhotite ratio and benign silicate mineralogy (mostly quartz and feldspar from sedimentary host rocks), while metallurgically challenging ores contain some combination of pyrite and/or hexagonal (non-magnetic) pyrrhotite and/or elevated quantities of talc (with associated carbonates) derived from altered ultramafic host rocks. The metallurgical performance of these two ore types has been simulated by an Excel particle flotation model, which calculates the relative floatability of particles based on the particle’s mineral composition and mineral locking determined from MLA images. The relationship between these mineral properties measured by MLA and metallurgical performance was established using 13 monthly composite samples from Thompson Mill. The model was then validated with results of laboratory flotation experiments on individual orebodies submitted for evaluation. The validated model can be used to predict plant metallurgical performance based on individual ore bodies feeding the mill. Individual orebody’s grade-recovery curves are assumed to be additive, and can be weighted in proportion to the mill feed to predict mill recovery over the same time period. The ore mixing can be done with a simple Excel spreadsheet and comes with a graphical output for easy visualization of the resulting grade-recovery curve.

Jan 1, 2015